20 Burst results for "Marc Chandler"

"marc chandler" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

05:13 min | 8 months ago

"marc chandler" Discussed on Heartland Newsfeed Radio Network

"In february alone and impressive increase admits the article but quote that kind of price. Action is the exact opposite of what reserve investors are looking for said chief market strategist marc chandler. At benning bannon bannockburn global. He said further rather than making it more attractive as a reserve asset. It makes it less attractive because volatility is risk. I don't understand the words just came out of my mouth. can you translate that. Were you able to pay attention to them. They love doing around this word volatility a lot because yes literally speaking. Bitcoin is volatile. The price goes up and it goes down but the long term trend of bitcoin is not volatile at all. It is absolutely predictable. The prediction may be wrong. Who knows what will happen tomorrow. But just based on the history of bitcoin. The volatility is clearly in the upward direction. And they're saying that these people are put off by the by the risk. Involved in crypto. Chrissy is too volatile. I see okay. So the part of what reserve investors are looking for is what threw me off. I don't know what a reserve investors so they define it in the next paragraph reserve investors such as central banks aren't looking for the biggest return they look instead for value preserving investments. Because you know. Central banks are so concerned with preserving value surrounding states. Do our work for us. And here's an example. Soon article in granite rock quote on june. First of twenty twenty. The busy bodies in the bay state bans menthol flavored cigarettes. Here in the granite state. We said thank you before. Summer was over. In h it added over sixteen million new revenues as a result. The latest figures pushed over twenty eight million six mile. They banned menthol cigarettes and they say also ban all flavored faiths as well. I remember that part. I thought they exempted menthol. I don't remember them. I guess they did. It's crazy i was that it that was in twenty twenty and then previously in twenty nineteen could band vaping. It's always good according to your granite rock. I don't know if i mean i don't ban bathing. Maybe they just banned selling granite rock band vaping. They've been flavored van. The sales really up all vaping material. I'm not sure about that. I i know we covered some of this stuff. But it's so hard to keep keep straight what all the tyrannies are. And all these other places i mean. It's it's difficult. He wants to vapor flavourless. Vape so y- not many people. So they're driving new hampshire to buy their flavors and working out..

marc chandler june february over sixteen million tomorrow new hampshire over twenty eight million six First twenty nineteen Chrissy bannon bannockburn twenty twenty bitcoin Bitcoin
"marc chandler" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

07:55 min | 9 months ago

"marc chandler" Discussed on Heartland Newsfeed Radio Network

"Free talk. Live talk radio that controls six zero three two eight three six one six zero paula. My which is bunny. And i don't know about you but when i think has the best advice regarding crypto currency. I definitely think make of america. That's what we're talking about here this this foot piece as fear uncertainty and doubt pieces a hate piece on. Bitcoin brought to us by cnn. Quoting bank of america and how bitcoin is a what did they call it. The big brother of all bubbles. I think the to bubble thing back in the dutch tulips. Whatever is probably a bigger bubble or was a bigger bubble will. yeah because tulips. Guess what you can grow as many as you have room to grow. So if a bunch of people get into the tool business the price of tulips to go down. Because there'll be a supply of Glut of tulips on the marketplace to drive the prices down whereas bitcoin. You can't just get in and start. Creating bitcoin out of thin air. You've got to compete with other miners in order to to mind bitcoin. Now you could go start your own crypto currency and there's about eight thousand of them right now that are vying for for bitcoins number one spot and about seven thousand. Nine hundred ninety. Five of them aren't even close. You know so no. Bitcoin is to clear champ of chris. Yeah yeah and i don't. I don't expect that to change anytime soon. I would love to see minero competing. Privacy coin ultimately me to topple bitcoin preferably narrow or husher z. Cash short. I don't really cares lost. Privacy coin yep but even if does coin was to supplant. Bitcoin s the number one cryptocurrency. I wouldn't be upset because at least those coin is usable it is. It doesn't have a limit though. I don't believe. I think that really yes. Does coin doesn't have an upper limit. So they can just keep on their on printing those dosage breeding. What they call it really. No i just saw that me. But yeah i wouldn't either. I like does coin because you it brings us since of levity farmer took cryptocurrency. It's why shouldn't be fun agreed. Yeah just having fun. You're doing it wrong. That's why the the united states government made the usd look increasingly like monopoly money to the extent that five dollar bills are more and more pink ten dollar bills or more and more yellow hundred dollar bills or more and more white is amazing and no one's caught on like i think somebody on a i think somebody made a million years ago. Well sure other people had noticed that. But it's it's lately monopoly money and they seem to care actually really liked that feature. I'm glad they added that really. It makes it a lot easier. If you're sorting through Bills you can easily identify which ones of the hundreds versus the fifties. And that kind of thing. I guess that's true. But why did they have to make it. Look like monopoly money. I guess i'm kind of glad they did. But not enough. People caught the hint. I guess this story isn't so much a hit piece against bitcoin or crypto currency as it is a puff piece for that monopoly money. They're actually pimping the dollar here. Shall i continue absolutely they collapsed sink dollar the downward trending dollar so they say but so they start the article by pointing out that. There's all these people jumping into. Bitcoin mosque is is on board. Institutional investors are coming on board and they say but. Don't turn all your hard earned dollars into bitcoin. Just yet the. Us dollar is the world's reserve currency meaning that companies countries and central banks are keeping it in their accounts it's also the currency most used in transactions around the globe. I'm not sure how much longer either of those statements are going to be true though I mean we know that. China and russia already offloading their us reserve balances. And i mean realistically. That's what a lot of americans are doing. That's what elon. Musk is doing at least to an extent when he buys bitcoin with usd. It is pointless to take before bitcoin existed. All you could really do would be to put money in in precious metals or real estate or stocks or something like that but almost all of those things with the exception of precious. Metals are highly regulated and controlled by the state and manipulated supplies manipulate and when it comes to the precious metal supplies for manipulated. So that's in my opinion why you don't see the price of gold shooting up like we're seeing crypto currency. Going up gold is up however it's not to the usd. It hasn't been going up over the last several months really at all a lot harder to get cold than it is to get cryptocurrency. That's right and a lot of the time they sell you quote unquote gold. But it's on paper. It's a call ticket. Don't really know if it's really gold just like when Pay pal sells you quote unquote bitcoin. Since you can't withdraw it you don't really know if it's really bitcoin. So the benefit of the cold. Max is it's not a gold certificate not a promise or promissory note to redeem gold. Later it is gold so So again they're ping out the world reserve currency status and making it said. Oh well you know you don't want to leave the big boys you don't want to leave the safety of the dollar. They say. Sure the euro and china's yuan have become more popular in recent years in crypto currencies have arrived on the scene but for now there's nothing to knock the dollar status Just the fact that people are using it. Is that the only thing that they've got here. You can also use for almost especially here in new hampshire in here and keenan's pacific. If i wanted to the only thing i probably couldn't acquire with crypto currency would be gasoline. Everything else i could acquire through dot. Io or something like that. I think any pay has a website now and we haven't promoted yet pay pal. Pa a. pow dot. Where you you not going to create legal pro right you can. Maybe that's what they want. You know maybe like bring the lawsuit bring the publicity kind of thing but they you can go there and you can use bitcoin s v. I believe to purchase gift cards. And i bet you that there's a gas station gift card on there. I'd be shocked if there wasn't one. And i know that those exists for like dash and other other things and you could probably sell your bitcoin. Nobody and he'd give you cash to buy gas buying ca gasoline with cash not with bitcoin. So then there's also cheats like bitcoin fueled debit cards where they can use those to buy almost anything so. Bitcoin has jumped more than thirty percent. In february alone and impressive increase admits the article but quote that kind of price. Action is the exact opposite of what reserve investors are looking for said chief market strategist marc chandler at benning. Bandung bannockburn global forex. He said further rather than making it more attractive as a reserve asset. It makes it less attractive because volatility is risk. I don't understand the words just came out of my mouth. can you translate that. Were you able to pay attention to them. They love doing around this word volatility a lot because yes literally speaking. Bitcoin is volatile. The price goes up and it goes down but the long term trend of bitcoin is not volatile at all. It is absolutely predictable. The prediction may be wrong. A who knows what will happen tomorrow. But just based on the history of bitcoin. The volatility is clearly in the upward direction. And they're saying that these people that they're put off by the by the risk involved in crypto chrissy is too volatile. I see okay. So the part of what reserve investors are looking for is what threw me off what reserve investors so they define it in the next paragraph reserve investors. Such as central banks aren't looking for the biggest return they look instead for value preserving investments. Because you know central banks are so concerned.

Musk Five marc chandler new hampshire Nine hundred ninety tomorrow russia more than thirty percent about seven thousand february China ten dollar yuan about eight thousand five dollar bills united states government paula million years ago hundred dollar one
Nebraska Teachers Are Piloting a Climate Science Curriculum Using NASA Data

Environment: NPR

03:21 min | 1 year ago

Nebraska Teachers Are Piloting a Climate Science Curriculum Using NASA Data

"An NPR survey of American teachers last year found that eighty six percent believe schools should teach climate science. The teachers also said they had trouble finding good tools to teach it a NASA. Climate scientist is working with Nebraska School to develop a curriculum that lets students get their hands on the same tools. Leading researchers use BECCA Castillo of net news reports sciences clear that. Earth's climate is changing mostly caused by human activity but there's still a lot of skepticism about it and how to teach it in public schools. Global warming is a hoax is junk science. This is Paul Meyer a former school board member in an Omaha suburb in two thousand seventeen. He was asking the State Board of education not to add climate change to education standards. I had one of my goals was to make sure that our kids were taught in an honest and truthful manner. I do not want them brainwashed or indoctrinated with falsehoods sentiment like that frustrates climate scientists like NASA's Marc Chandler who uses sophisticated computer models to predict. What's going to happen to the climate and the next ten twenty or even a hundred years whenever there's a tool that most people don't understand can pull out the whole card of. Oh it's just those geeky scientists doing something that none of us understand so a few years ago Chandler started talking with his friend Cory Forbes a science education researcher and professor at the University of Nebraska Lincoln Forbes. New Public School. Teachers had a hard time helping students understand. Climate Science Forbes says the two wrote a proposal to develop climate science curriculum and got a grant from the National Science Foundation. We're focused on pudding. Authentic scientific tools in the hands of teachers and students which is not something that they typically have access to the curriculum is designed to teach students about climate change by giving them access to the same computer models. Marc Chandler is using at NASA officials. Phones Wave Gonzalez. They're trying it out in classrooms like Mary. Burke Maros in Lincoln Nebraska. She helps the teens and her Earth Science class work with a web based interface called easy. Gm that stands for global climate. Modelling Chandler built it so anyone could operate and understand the complicated modeling process. What do you think I WANNA use for? Climate variable for the Sun snow and ice cover more than a thousand Lincoln public. School students have used the program over the last three years. Mara says there's no agenda other than asking students to reach their own conclusions. It's more of A. Go inquiry process where rather than just kind of being given the information the notice wander and start driving their own questions. Morrow who's been teaching climate change for the past decade previously had to develop her own lessons as she went along. She says her students respond much better to hands on projects like easy. Gm It allows the students to do things that are way above the capacity of normal classroom. So it's really exciting. The team developing the climate modeling curriculum is recruiting more Nebraska. Teachers for summer workshops on how to use it in their own classrooms next school year. I'm so excited that you all Nebraska or doing this. This is so exciting. Andreessen Rica's isn't education researcher. Who helped the National Research Council develop next generation science standards being used in twenty states and I think teachers are hungry for this kind of work. They're really hungry for this created curriculum. There's just not a whole lot models out

Marc Chandler Nasa Nebraska School National Science Foundation GM Scientist Nebraska Researcher Lincoln Nebraska University Of Nebraska Mary Becca Castillo Morrow Lincoln Forbes NPR State Board Of Education
"marc chandler" Discussed on The Isles Faithful Podcast

The Isles Faithful Podcast

12:57 min | 2 years ago

"marc chandler" Discussed on The Isles Faithful Podcast

"Sorry for not getting with you. Guys here over the summer just been Kinda hectic. I'm sure your summer was the same really looking forward to some hockey looking forward to talking some hockey. We're going to get right into it this week. This is episode thirty six today he is Thursday September Twenty six twenty and nineteen and joining me right out of the gate is Jeff Capellini who is an editor and producer for CBS New York from time to time he actually writes amazing columns him and I are Phantoms of our Sports Teams Lineup Pretty Spectacularly Jeff. Do you agree. We want to admit there were Jeff. Sam's we could probably have completely different podcast just based based on that and we have a fooding session where we all have a safe space and talk about the Yankees. I think that's the only safe space that we could pretty much. Just agree on the islanders are getting there and I was talking to my mets fan friends about this today 'cause somehow in a mets group chat boy and AH I see guys it's okay. I didn't think the islanders would actually be relevant in my lifetime or have an arena and it looks like we're getting both at the same time so yeah. It's amazing so jeff is a mainstay on twitter as a my and I'm sure at this point. If you know me you obviously know Jeff because he is very outspoken. He likes to have fun. He likes degenerate lots of good conversations. Sometimes they come at the expense of maybe kind of pissing people off and that's cool and Jeff. We talked about this the other day when you Franken I going back and forth and I think that's part of the fun about twitter. Just I like when stuff is kind of respectful. I don't have a problem arguing. I know some people you know from other teams like to kind of incite riots amongst us. I'll be I'll be honest. I don't. I don't pay any attention to anybody else. When it comes to talking about the islanders only islander fans that's all I care about hearing hearing from we're talking to some ranger fan jumps in there and throws into his sons in you know he gets forgotten about a second because you know it's not they're just there to incite trouble where actually have decent conversations and you know? It doesn't always go the way the person on talking talking to or myself wants it to go but you know we all have our opinions and we stick to them and that's I think part of the reason why we do what we do. We talk about it. We feel passionate. I we all at the end of the day the same things and it's just a matter of how we get there exactly and it's taken us over year to meet up here on the podcast I know I tried to get join a couple of times last season but we're both busy schedules in lineup but here we are. Do you want to just get right into it. I'd like to say to you congratulations congratulations on this podcast because you come out of nowhere not well people know you know you come on with the podcast has become this popular. This quickly is a credit to the job you're done. I really want you to know that the thank you. You're giving me chills here dude. Thanks thanks it's it is very surprising myself and I don. I don't like to talk about this all that much. Confidence is like a big thing and you know I I was confident in my writing. It's easier to hide behind a website or a blog and I've mentioned this in the past as well. The blog has given me an avenue into the sport that I never in my wildest dreams would have imagined and I've met so many people and so many players and so many like executives are around the league with going to drafts and just being around the team on a day-to-day basis. You know it's something that I miss obviously my life has changed as has yours since we first met all those years ago and this is my way of like venting and just getting my voice out there. I know everyone at I was like who the heck is this guy and I it's hard to explain my past and where I came from so that's why I try to tell it through the stories and the guests that I have on and like yourself so thank you that means a lot what's important to note before. I let you get into it. we live in a world now where the citizen journalists is rising to a point where more people online sense of trust the fan sort of writer or blogger or whatever you wanNA podcast person more than they trust the mainstream because you know they get sick and tired of hearing the negativities now grand. I'm not gonNA say as I feel that way. I see it but you've come along and a very good time for this and it's only going to increase when people see a person like yourself has as much access as you're having it will inspire others to do it so I say just keep doing what you're doing. I plan on it. I I have a couple of ideas for this year. you know and we're just GONNA run with it and we're GonNa see what happens happens. You know I can't guarantee that like I can get huge guests on all the time it might just be you and I or whoever else wants to come on just talking hockey and talking islander's hockey or random stuff about the NHL or stories but as long as everyone is listening and I get good feedback. I'll tell you this much which I opened up this week. two questions on twitter Vijay 'em on the show is twitter page and I got more responses for this episode then. I think I have over the last year NYDIA. Maybe it's Howard Stern of staff. They just WanNa see what I'm going to say. I am maybe you are. You are popular. Whether people agree with you or not you are popular so so we obviously have a lot to talk about a lot has happened since I left off here on the podcast in May we'll just go right to the top which is pretty much going to be one of the negatives I think we could both agree on and a little bit of confusion there amongst the fans and and even some of the analysts around in the league and that's not bringing Robin Leonard Back when he reached free agency in July. I like Varlamov. I understand you know so now. In retrospect we had heard that Lamelo and Trots went after Varma love I guess last season in in an attempted trade aide but they couldn't get him out of Colorado so I like that he's a Vezina or a former VEZINA. Finalists Robin Leonard was the same you had a couple of questions Shinzo in Robin Leonard. Would he be able to continue the play that he had over last season. Would he be able to have the success in his sobriety the lot of different questions there so I understand maybe the reluctance to offer him the same four year deal and I believe they offered him a two or three ordeal which he kinda sat on too long and they had to go in a different direction would give me your thoughts there. I'm not going to pretend to know why I the Islanders Morello that matter. made the decision they made it's a very sensitive topic with when it comes to Leonard Flow from the fast ask perspective and from the reality of whatever his however his life is progressing as he deals with what he's dealing with triumphantly I would say to this point. I think no I don't think is is now alive who wouldn't agree with that but you know look they all have their reasons for doing what they do. Executives and players and you know the owls Whiteboard Lama like you said I think part of it might have something to do with the process of potentially having Sarokin come here and having them having even some sort of a relationship that maybe he could smooth the way for it to happen when he comes over from the cage. I'll if she comes from the Caja so I can understand if that is the logic that they use I can understand it seems sound and it's not like prolonged splotch. It's not it's not like you said some backup goaltender I mean he I understand he lawsuit after starting job at times during the regular season last year but you know the guy has potential and as long as the owners have the coaching Steph they have. I'm not saying anything that not that. People don't know Mitch Korn. I mean you know him and Greco those guys know they're doing and this guy's got ability. As long as he's got that and he's got the right attitude I see no reason why as long as the and also as long as deacons places soundly as played because let's let's remember though the islanders had you know cut one hundred goals off their goals allowed before and they played better much better positionally when with their schemes. It's not like they became the devil. You know the devils of of Liberals borey forties Jock Lemaire and all there's other countries. It's not like they became that team. They didn't suddenly start allowing fifteen to twenty shots on goal. There's still given up a decent amount of shot. It's just the quality of the shots behind dangerous Chan things like that were eliminated or cuts down dramatic and those guys made the stays they need to make make wintering rice with positionally they were they should exuded confidence on a nightly basis and you know when that when that happens happens it can mask what the reality of the defense really is at this point. I think that defensive unit is the best they've had in a very very long time right but let's not pretend that it's a completely shut down being that they're both Marc Chandler door back there facing nothing they're still facing Carolina Shot but because of the coaching because of their native ability they're able to you know they were able to step up last year and become you know arguably the best goaltending Tannen we now you've got almost has a history of being when he's on a guy who can you know still and he has been been that guy as much in recent years but who's to say still relatively young man. There's no reason why you can't be that same player as long as the attitudes right because the coaching coaching is tremendous I agree and that's a big thing like you mentioned to have Greco and corn back there working working with him they they obviously saw something in him that they wanted lamour able to go after him so I mean I have confidence. They're said to see that you know Leonard has moved on to Chicago Chicago. I'm going to root for him. I actually picked him up fantasy in my draft so late round thing yeah I I wonder though much success that's he's GonNa have in Chicago not from a personal standpoint but just he's not playing behind as good a defense this year so he's GonNa be under C- some might and it's going to be interesting to see how he responds to that so I think the judgment people will pass on him taken consideration. That is a different system he's playing behind now and you know he's GonNa. They're going to be nice but he's going to take time and not to take anything away from Jeremy Colton who we affectionately affectionately called the sweetener for some time you know he's a going into his second year coaching I know he signed an extension up there in Chicago and that's great for him. It's great for young coaches trying to break into the League in general but I think you know there's GonNa be a lot. The is on linear and I know he's out with a a hip injury or a groin or something right now. So it's going to be curious to see I'm I know I'm going to be watching just because of the the human interest side of it. It's a story that I want to see him succeed and again I mean I could spend an entire episode just talking about him and all the things from last year but I think we should move on. We've got obviously and you mentioned the defense so we've got a couple of things to talk about about in that regard we have the potential of one of the Veteran d on the team of Hickey letty or even boy chuck and I'm sorry night vine I know your your boy is is untouchable but the reality of everything is there are a couple of kids down in bridgeport. They're going to be pressing listen for spots here over the next couple of years. There's one in the current right now in Dobson who has impressed during camp the couple of games that I manage to to watch I I thought he looked great..

islanders Jeff Capellini twitter hockey Robin Leonard Chicago Greco mets Yankees Robin Leonard Back CBS Sam New York Mitch Korn Franken Leonard Flow NHL Jeremy Colton Howard Stern
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:15 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"The British pound by the way and one point two three four three and that's a Bloomberg business slash Leeson Paul Karen myself thank you so much we greatly appreciate that look at the currency market here the dollar very strong against pretty much all the currencies out there was seen continued weakness of the European currencies as well we have that one eight seven point one five let's get a look at the the overall currency markets we welcome our good friend Marc Chandler from Bannockburn global forex he's a managing partner there so mark to see it we think about the currency markets here is there any case or what is the bear case for the dollar if there is one sure no I have actually I have that view there are no it's a bit like golfing with they say you you drive for show and putt for dough okay as I know that the real thing people make money by in the short term for exchange the long term here's the case bear case for the dollar one is the policy mix in last year we had a very positive policy makes it all the best policy mix tighter monetary policy looser fiscal. policy and now we're going to the exact opposite secondly interest rate differentials are moving against the U. S. even though the federal reserve I could hear cutting rates as well you look at the interest rate differentials to your interest rate differentials and even moving against the U. S. since last November as for my work I sure think that the last stage of the dollar's value and interest a defensive move against it and thirdly I think this is a president trump is right let the dollar is over valued by almost any Mexican wants to look at and the OECD currencies the major currencies that rubber band between price and value stretches about twenty twenty five percent. euro with about twenty three percent undervalued sterling without twenty percent undervalued I think those rubber bands we'll be snapping back gradually because we start getting good impulses from Europe we just can some negative impulses from the U. S.. I guess at what point do interest rate differentials and central banks matter less than economic fundamentals yes I think I think the question is often related to tie together of course I I find that what a lot of us doing the markets we say we are lead to a taut like an econ that the forwards are bad predictors of few of future interest rates because Exeter future currencies because forward prices are really just the spread of interest rates but I find it to relationships not linear but cyclical and so during the big bull market of course if you think of him to move against the U. S. and then in the last phase you don't need as much of a premium to hold on to U. S. dollars today some kind of optimize got Canada can it could be the first country we you entry to actually fall below Canadian rates has ever been harder to predict the path of currencies I think that they're gonna toughest jobs I think that it's a good it's silly things that go into it I mean the but getting it right well he got the dollar wrong year after year after year yet I think I mean I think that this is a fair accusation but I think that it's sort of like thing to a a fix a fund manager an equity fund manager there watch I invest with you because you your whole class of investors always underperform the market I think that what happens is that the for speculators hedge funds come my trading advisors coming up with a short term currency play but there's a lot of people who are involved the currency markets you know knocked speculators corporations are need to hedge their risk and ideas not guessing where the market's gonna go but simply a business function he sent out an invoice hedges and these are the factors I try to highlight the factors that might influence that price the hedge death because of insurance not always helping speculators so mark I'm looking at sterling here you know one twenty three thirty eight I say it's been whipped around with all the brexit. yeah all I guess listen as we heard and the last say it last hour we're not really sure for this thing's going I don't think the experts or have any more clarity about where Brecht it's going what investors doing with with the pound right here yes I think that the it looks to me like the whole world is taking a step away from the abyss Hong Kong Italy has a look like they have a government U. S. China can have face to face talks which we should should somehow need to be happy about because somehow that can be better than not having talks directs the hardest point of brexit the possibility of a of a leading the E. U. with out an agreement that seems to have been diminished in the mission those risks help sterling in which we now above last week's hired sterling it is it partly just a shortcoming squeeze if they take a step away from the abyss you know I I want to go back to something that you were saying which I thought was really important that you're not just trying to predict the path of currencies for speculators and I would sort of resonates with me my grandfather ran a lumber yard and I know that he was always kind of looking at markets in trying to hedge weather was commodity costs or currency costs or or whatever it was but I guess you know how much more of a concern is that now how much more corporations of all sizes hedging against currency fluctuations at a time when it is increasingly difficult to predict yes Sir so that's the whole point really is that the prediction of courage is is really like thinker thinks that maybe was Greenspan's that was it as a mug's game meaning there is next to impossible to really do with any kind of precision over any kind of time period so there's a lot of people who have currency risk like companies. like up people are managing our pension funds cornet who invest in global bonds not a speck of a vehicle but is investment in what you need how should they have your currency and what's interesting now is because interest rate differences are still so white. are paid to sell those foreign currency to buy dollars basically a paid to head your foreign currency was sea world in such a way here's what it looks like to me right now in a if you have if you buy a twenty year Japanese government bond issue exactly zero and he heads out the yen by selling the ad in buying dollars you can get a better return than you can in the U. S. twenty year twenty a treasury and so so that the financial engineering plays a role in this the currencies I find it's not so much about predicting currency of predicting the future which really sort of managing one of the forces one of the windows of opportunity where the inflection points. Marcello thanks so much for joining us Marc Chandler Bannockburn global for X. managing partner giving us his thoughts on the global currency markets a lot of action here's the market tries to discount the ever changing China U..

Marc Chandler managing partner Bloomberg OECD Leeson Paul Karen Europe president Marcello twenty year twenty twenty five percent twenty three percent twenty percent
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:38 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"I'm Taylor rigs in New York. Let's turn, now of course, the on going trade war, Nike, and Adidas were among one hundred and seventy three companies signed an open letter to President Trump saying, quote tariffs on shoes made in China would be catastrophic for consumers, companies, and the American economy, as a whole Bloomberg has been looking at who pays the cost of an escalating trade warm. Meanwhile, the e c d this morning cut its global forecast is trade tensions hit crisis level. Here's what chief economist, Laurence Boone had to say earlier on Bloomberg clues has weakened fado Vitit Bastos seeks the best here. So it's now quite weak as you say there has been tension. And we really think that trade has derailed, the global recovery that was going on in sink in twenty seventeen for more. Let's go to San Francisco where my rain brilliant. The head of international affairs at the US chamber of commerce is with us Myron, great to have you and before sort of get into the Barada story about the trade and trade fights, I want to touch on a little bit of the news, really just in the last few days about the wall way ban from your side of the room over there at the chamber of commerce. What is your take on the wall way band? Is that the right approach role to or it's good to be on the show? I'm out in California. And because I am talking to the technology companies out here about the China tension with the United States. And of course while way factors into that a lot of US companies sell into alway certainly, it's an important company. It operates in over one hundred countries and has over one hundred thousand poise the same time it raises legitimate concerns about security issues, and we need to keep issues with respect to wall way separate from the commercial. Trade talks between China the United States. So when I'm saying he was at the end of the day, we're very concerned about the overall environment between China United states while he factors into that. But we shouldn't be surprised that our government is taking a close look at while as operations and how impacts our security concerns while I like that. You said two separate sort of the national security concerns with alway relative to everything else. So let's go to everything else at the top, and the introduction, we were talking about companies like Adidas and Nike who have really started to come out and say, we're concerned about the fact that this is having non-consumers. What other industries or companies are you talking to that are also highlighting, these concerns, those are good members of the US chamber, but we do two billion dollars trade a day between China and the United States we have a huge economic relationship. You're talking about the two largest economic players in the global economy. So of course, what happens between China United states matters, and we. Are concerned about terrorist because are tax on consumers their tax on manufacturers. And of course, the esscalation of trade tensions between China, the United States could hurt our economy, certainly it's going to hurt China's economy, but let's take a step back and recognize why we're here we're here because China conducts unfair trade practices. It doesn't protect intellectual property rights. It forces technology transfers. It doesn't allow for level playing field when it comes to market access, and their host of other legitimate issues that the administration's trying to tackle. And I think we have to remember that the other day, we need a trade agreement that is a high standard comprehensive one. We don't favor terraces tactic, but we do favor trying to address these issues in the bilateral relationship, and it's something we're going to continue to push both with the United States. And with the Chinese government is so Meyer in what is the right tactic then because you have said that you don't necessarily support or tariffs, but you are aligned in some ways with the Trump. Administration on trying to tackle some of the issues that you highlighted like intellectual property, theft, and unfair trade tactics, what is the right approach, then there's, there's a multitude of things should be done in our being done. We need to bring our allies into the picture. Of course, Europe and Japan, share our concerns. And so they need to be a part of the strategy. We also need to look at ways that we can address these issues in a non confrontational way. But in a way, that is pragmatic, the end of the day, we need a trade agreement with China, and the United States because both countries need it, we put this relationship on a more stable footing. We need to put it on a more positive to decorate we're not there. There's a huge amount of distrust, in the relationship that is not good for the United States, China, or for the world economy, and at the same time at the really the underlying tensions here have to do with having a competitive environment where there's a level playing field. So I think we need to think about how to do that. Best in the context of these talks. I'm hopeful that talks will get back on track. I don't think that's really going to happen until president Xi and President Trump meet in Japan at the end of June during the g twenty meetings, but it's very important that we bring the temperatures down at the two sides resumed talks as soon as possible. Well, you talk about bringing the temperature down, and I wouldn't ask how tense does it feel, what's the level of the room relative to previous discussions that we've had really in the last couple of months? Really the last few decades, I have met with the top administration. Officials also met with Vice Premier Li hood during these negotiations I will tell you that we all thought a deal was likely on may tenth. They were ninety percent of the way they're temperate the last ten percent. Of course, is the hardest part. What do you do with the tariffs that were in place? Now we've seen an escalating with that with the terrified on the existing two hundred and fifty billion, but we also have to recognize that China has to come to the table. In the meaningful concrete way, backsliding, or whatever trying to did with respect to the issues in the text. There was a hundred and fifty page tax seven chapters. These agreements have to be enforceable have to be verifiable. And so I think it was right that the administration was pressing for reform under tiny law, and not just the state directive. So I hope we can get back to the table in the weeks ahead. I hope that the two presence during the twenty meeting. We'll set the right tone for constructive talks. But we're at an impasse right now. And both China and the United States are going to find it very difficult. They boxed themselves in with the escalating tensions. But the end of the day, this is too big a relationship to fail. There's not going to be an decoupling, and we need to see these two governments get back to table. It's in the interest of both countries in the economy and of course, for the global economy. Well, when you say that these two countries need to come back to the table, a lot of that, as, you know, has to be a give and take. From the companies that you speak to on the ground here in the US. What didn't they need to see from China in terms of concessions to make sure that there really is a level playing field? Well, as I said at the outset, I think you what you needed is in a few areas. We need to see greater intellectual property protection in the area of patterns and copyrights, we need to see the end of force technology transfer part of that was done through the investment low that trying to recently, put together, but more needs to be done in there. We'd like to see frankly, a restructuring of China's economy, we want to see the end of subsidies. And of course, we wanna see tax preferences, go away that favor local state owned companies over foreign competitors. So there's a lot of areas that leads to see addressed, and of course, the administration's big clear, they want a big deal here in terms of purchasing those issues are still on the table and still we're making progress. But now with the esscalation I'm afraid that both sides are sitting on the sidelines. When affect I need to find a way to get back to the table and have serious pragmatic conversations there's going to have to be. Winky on both sides right now. We have very high stakes poker game going on. But that's really not in the interests of either country. I think China has more to lose hear more at stake because of tariffs are going to hit them harder. But it's going to hit both our countries, and I'm hopeful that we'll get there. Eventually, we'll take some time but I'm hopeful. Well, that's certainly something that we hear from the communists, as well about both countries sort of being hit hard. Thank you. That was my brilliant with the US chamber of commerce. Meanwhile Kyle bass over Hayman capital management. He's their CIO caught up with Bloomberg's vonnie Quinn earlier today and weighed in on the global impact of the trade fight. Take a listen, either their mission is to promote stability and to try to maintain this rigid financial agreement that's existed between Hong Kong, the Hong Kong dollar in the US dollar for thirty years. I think I lay out the case for the fact that their economy has changed dramatically over the last decade. And in fact, what's happening now on the political front with China starting? A little bit more control over the, the Hong Kong judiciary, I e taking away their autonomy by pushing through this fugitive extradition, Bill. All of those things are changing the nature of Hong Kong as I global financial center. And I think that investors need to be aware of these things, because by the way, the people that maintain the peg, Hong Kong Monetary authority architects, and they're never going to tell you that the anesthetic to their mission. I think it's very important. A global investor to think about where you're investing your capital. Is there a rule of law is there is there fee simple property ownership is, is your money safe? And to the extent that you have a communist sore -tarian government infringing on your right? And potentially extraditing people at their will in order to promote some political agenda. I think that changes the complexion of the agreement the United States and Britain have with Hong Kong. But that's the thing right? Because there is. Hong Kong Monetary authority. But in this case now, there's also the PD. Oh, C, and as Marc Chandler points out. Why would Beijing kill the golden goose goose that's been laying a golden egg for salon thirty six years? Most recently when it did come under pressure, the Hong Kong dollar peg Beijing or somebody intervenes to depend. I think it's really important understand that. China has had built up a war chest of FX reserves that, as you know, God got about four trillion dollars that is since come down to three..

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"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:58 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"The euro a dollar twelve seventy seven the yen one eleven point four four. That's a Bloomberg business flash. Now, here's Michael Barr with more on what's going on around the world. Michael good morning. Good morning. Karen house speaker Nancy Pelosi said she opposes. Impeaching President Donald Trump below speaking to the Washington Post says impeachment is so divisive to the country that unless there's something so compelling and overwhelming and bipartisan, I don't think we should go down that path Pelosi also said he's just not worth it. The new York Attorney General has open an investigation related to the financing of four major Trump organization projects. The new inquiry was prompted by the congressional testimony of President Trump's former lawyer Michael Cohen in the NBA the nets one along with the wizards. The Celtics lost in the NHL. The Rangers lost in overtime to the Oilers three to the islanders. One. Global news twenty four hours a day on air that tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan thanks, Michael or count up to five twenty on Wall Street live from the Bloomberg interactive brokers studios. This is Bloomberg daybreak. Marc Chandler is our guest this morning. He's managing partner at Bannockburn global forex with the power. Found in focus Mark last minute. Concessions to Prime Minister, Theresa May's Brexit deal from the European Union. We're seeing pounds strength this morning, where do you see sterling going depending on the outcome of the votes this week? Sure, you know, I'm not sure that the EU made any kind of new compromise. I think this is mostly like lipstick agreement that saw historic defeat a couple months ago in essence into withdrawal agreement are clauses that allow for the backstop the border issue to be decided unilaterally by the UK. I I've panel could decide that one side or the other is making it so that it's permanent, and this would allow the other party on their on their obligations so bottom line here. I think there was some cosmetic stuff done to try to improve the chances that withdrawal Bill passes, sterling kids, rallied strongly. But I suspect we're going to be vulnerable to withdraw Bill may still not pass. And if that doesn't pass today then tomorrow, they'll be a vote and leaving the EU without a deal. That's like it'd be defeated as well. Stairs day. Whether they had a postponement. The worst thing for the UK. Of course, it seems to me would be leaving without a deal. But the worst thing for investors. Is if there's nobody Jordi for any of the votes this week for not for the withdrawal Bill not to lead without a deal and not for postponement. So when what is your advice for investors as they look ahead to these votes, and this continued uncertainty perhaps for for sterling see, I don't think this is really issue for dusters. Investigative this is coming and if they're not prepared now by hedging offsetting their risk by insuring themselves because no business she taking the risk of ruin but for speculators. My advice is to voided speculators are perfectly taking on risk. You don't have to take on unlike hedger's speculators. I just think that sterling is so unpredictable right now, you're betting have things that we really don't know about you can't know about how this is going to play out in the UK parliament how the market positioning is such that he's this short-covering bounce sterling it forward for like every day last week. Pessimism grew. So we're getting a short-covering bounce. In fact, it might not be the real thing. It might not be the real material Bari optimism. I might just be the shorts decided to take the Crawford's. All right. So given all that where do you see the value of sterling going at this point? Yes. I I think they're gonna be stuck here with a lot of uncertainty. I don't I'm not convinced that he's gonna be lifted this week, but more broadly, I think that the UK economy we're going to see today that the UK economy like many other parts of the world economy might have looked awful at the end of last year beginning this new year and better footing. What gives you that? Hope we're going to get the Chidi p number, and you know, the GDP the UK contracted last year in December. And this time we should be looking for something close to eight point two percent gain, which is really more in line with the underlying trend of the UK Connie, it just seems like something something weird happening. You know, not only do we get the equity markets crashing at the end of the year. But the global economy seem to have ground to a halt. And so I think that that's just sort of exaggerated. What was going on global economy didn't really ground to a halt dotes felt like it? And so we should be looking for this recovery. You know can take place in January. It looks like the numbers are coming through February. But we're gonna get their January GDP number pretty UK. That's looking like a positive zero point two percent. And that's even with the the hedging that the UK has done already in preparations for Brexit with, you know, so many companies making their preparations in case, the the UK crashes out without a deal. Yeah. No, you're right. The the what's the key to a major economies really consumption. But to your point business investments in the UK looks like it's contracted for like four quarters. I think that's the real danger is that the UK goes from an important player as part of Europe to a to an outback who would be an island, perhaps the WTO levels of trade patterns. And I my sense is the UK is going to be weaker companies leaves they can't necessarily Bill production facilities in the UK to service European markets. Do we they used to if there's going to be if there's not gonna be a smooth customer lists? That is a free trade between the UK and Europe. We don't need the UK to be this platform service. The European economies Marc Chandler, managing.

UK Bloomberg Michael Barr Marc Chandler Donald Trump Bill European Union Michael President Nancy Pelosi Trump Washington Post Bloomberg interactive brokers Twitter Rangers Europe York Theresa May
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:27 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"And that's a Bloomberg business flash. Tom and Paul Karen, thanks so much Paul screening Phoenix. I'm Tom Kean of New York Paul when clearly smarter than me today. We're the style Marc Chandler joins us. We're thrilled that Mr. Chandler. Could be with us with Bannockburn on foreign exchange. Mark one of our themes today's been the dollar, and of course, that comes off President Trump going after chairman pollen, strong dollar can a central Bank manage the dollar a central Bank manage its own currency. Dollar meaty smaller countries might be able to a country that current you got his in and actually used as the US. I think they will take away is even though President Trump talk down a dollar to his base the market had a Greek reaction towards it. And now the dollar is actually stronger against the euro and Yanez today. I looked Mark at the dynamics of the dollar you have to partition it as you've been so good at across different parts. What part of dollar dynamics interests you most. Tell you right now two things one is the divergence that can become more apparent at the end of the week. It's going to happen on Thursday, and it's likely to downgrade its growth and inflation. Forecasts in hint. At least a hint at a new loan facility for European banks the following day, the US will report the data, and we we should expect anything like the three hundred thousand we signed January nonfarm payroll go, we should expect a small pickup in underlying earnings growth. Average earnings go to cyclical high about three point four percent. This is diverted speaking about that. I think is going to continue to underpin the dollar. So Mark you mentioned that the dollar pulled back just briefly on President Trump's comments, but then resumed its relative strength. And I guess the question is, you know, what can a dollar depreciate against? I we've got weakness in China. We don't know about Europe. So let's start with China. I kind of what is your sense of what is going on over there in terms of? Eighty Konami and be trade talks in general. Yes. I think the. Everybody takes what a good idea. Anti-chinese agree. Cannot be pitching. Their currency kick stable extensively against the dollar. I think this is a trap. This is not good for the United States, especially from Trump's point of view. This will prevent the US from ET shading, the currency depreciated dollar against China. We stable how we're gonna get a weaker currency. Come this competitive advantage of China? I think this is part of the broader column and that you bring up. Sure, I get the idea that the strong dollar maybe dampening US exports. But the best thing for US exports is stronger growth, and what should happen is that the weaker stronger dollar turned into the weaker euro weaker Canadian dollar weaker Australian dollar and that helps stimulate the economy. Exactly. Yeah. Here. What where where's she the dollar? Not be strong against. Yeah. That's that's kind of where I was getting. So let's going on the other side of the globe. I mean, it seems like the UK and Europe continue to stumble towards some type of Brexit resolution. Can how do you think that plays out? And what are you seeing in the currencies at the moment? Sterling had a great run its strongest currency this year, and partly as people have decided downside risk of. It would be a Brexit with no agreement that has been reduced market perceptions thinking that more likely that it gets delayed rather than a hard exit. And so we're still about a week away from being able to resolve this. And so I think couldn't have a little bit more upset with him. But what does really highlight second? 'cause the underlying weakness in the Europe as a whole week euro-zone we've talked about possibly eating. You've got not only Brexit with the UK. But you've also got the eastern central Europe. So not happy with Brussels policies. And I think Europe remains like are weak sister. Marcello your wonderful book political economy of tomorrow. Houston astronomy band, the constellations out there that make the world go round. Are we using the foreign exchange model of five years ago or thirty years ago now new regime that we're in? A good question. I think agreement it seems you know, after the high point of g seven cooperation at the plaza hotel and the Louvre agreement back in the deck of eighties early nineties. I was a general agreement that arms control agreement. Let's not let's meet your country degree back to use a currencies as a arena of competition to seek a beggar-thy-neighbour ticket fan. And I say that. There's been a party because of the change would happen in two thousand sixteen election. The US partly the antagonism divided with China. I think that we're on the verge of perhaps breaking back, and I can not buy into those currency wars. If people said was the case of the US was doing QE, but guy DEA weaponized having a US President Try to talk down its own currency. I think we'd be very upset if China where Japan or Germany or doing. Yeah. Exactly. The new golden rule is a doctorate while spending my career on Wall Street to the golden rule, which he with the gold makes the rules. But now, it seems the golden rule is don't do as we say don't do as we do do as we say Martinez. Thank you so much Bannockburn today political economy of tomorrow, really thought provoking book on sort of a broader view, I would say the celestial view of foreign exchange posts, really what it comes down to for me is the dollar is all about dollar politics is it's been forever, and we'll just have to see driving forward. What's interesting to me is how it's rate discussion. And then boom, it becomes a flow discussion. We haven't seen that recently. Maybe we'll see that coming months. I look at euro, Paul one thirteen thirty six where should that be optimally for Germany? Yeah. Exactly way higher way higher higher than a Fiji's up. Eleven Daffy is up ninety seven. Seven. Lots going on. Actually, it's actually a really interesting Monday. We're going to drive forward. This conversation particularly in economics here in the next thirty minutes. Tom Keene in New York, Paul Sweeney smarter.

United States China President Trump Europe Mark President Paul Marc Chandler New York Tom Kean UK Bannockburn Germany Bloomberg Yanez Konami Tom Fiji Paul Karen
"marc chandler" Discussed on 90.3 KAZU

90.3 KAZU

02:35 min | 2 years ago

"marc chandler" Discussed on 90.3 KAZU

"In her does that the US China trade negotiations workout, but the talks themselves which picked up here in Washington today are getting down to brass tacks. Which is to say the difficult structural bits forced technology transfer the president's favoured indicator the trade deficit also currency. The Trump administration is reported to have asked his Chinese counterparts to maintain. And this is their word a stable UN, the Chinese currency. Marketplace's Tracey Samuelson has a look at where that requests might have come from. And why it's raising some eyebrows. Most countries let their currencies float letting market forces determine how many euros you can buy for a dollar, and how many for a pound China's government takes a more active role reaching into currency markets to manage the value of the on something in the US has actually been discouraging for years. Now, here's the paddock's, eastward, preside is a trade policy. Professor at Cornell wrote the Trump administration is. Now trying to tell China to do is to not let market forces work. It wants China to let the currency's value be determined by market forces. But only in one direction in other words, if the markets pushing China's currency to appreciate fine, but China shouldn't let it get cheaper and cheaper. Yuan undermines the impact of US tariffs and makes American goods more expensive in China. Brad Setzer is with the council on foreign relations. Look China didn't allow its currency to freely flow top when that would have been good for us. So I don't think it's unreasonable and she didn't freely float up. Maybe you shouldn't freely float down right now. In theory is stable Chinese currency could be an area of agreement between the US and China, Marc Chandler is chief market strategist at Ben and forex Crisanto. Controversial China says he wanna have stable currency. These words have different meanings in different contexts house. Stable in which direction against which currencies. These are harder. Questions to answer. I'm Samuelson for marketplace. Apple reports. The Wall Street Journal today is set to launch a new product this spring is not a new phone. Not a new watch. It is not sadly self-driving apple car. It's a credit card just a credit card. Apple is teaming up with Goldman Sachs for the launch which comes as marketplace's Justin ho reports at a time when both companies are trying to shake up their business models with iphone sales slowing apple has been trying to focus less on phones and more on services things like it's apps store and apple music that said Colin Gillis at Chatham road..

China US Tracey Samuelson Apple UN president Brad Setzer Goldman Sachs Washington Marc Chandler The Wall Street Journal Professor Colin Gillis Cornell Justin ho Ben
"marc chandler" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:00 min | 2 years ago

"marc chandler" Discussed on WNYC 93.9 FM

"Christine Lagarde is crossing their fingers in her does that the China trade negotiations worked out, but the talks themselves which picked up here in Washington today are getting down to brass tacks. Which is to say the difficult structural bits forced technology transfer the president's favourite indicator the trade deficit also currency. The Trump administration is reported to have asked his Chinese counterparts to maintain. And this is their word a stable UN, the Chinese currency. Marketplace's Tracey Samuelson has a look at where that request might have come from. And why it's raising some eyebrows. Most countries let their currencies float letting market forces determine how many euros you can buy for a dollar and how many Yan for a pound. China's government takes a more active role reaching into currency markets to manage the value of the on something the US has actually been discouraging for years. Now, here's the paradox. Eastward preside is a trade policy, professor at Cornell. What the Trump administration this? Now trying to tell China to do is to not let market forces work. It wants China to let the currency's value be determined by market forces. But only in one direction in other words, if the market is pushing China's currency to appreciate fine. But China's shouldn't let it get cheaper and cheaper on reminds the impact of US tariffs and makes American goods more expensive in China. Brad Setzer is with the council on foreign relations book China didn't allow its currency to freely float up when that would have been good for us to. I don't think it's unreasonable the stage and she didn't freely float up. Maybe you shouldn't freely float down right now. In theory is stable Chinese currency could be an area of agreement between the US and China, Marc Chandler is chief market strategist at Ben forex forex. So controversial China says he wanted to have a stable currency. These words have different meanings in different contexts house. Stable in which direction against which currencies. These are harder questions to answer. I'm Tracey Samuelson for marketplace. Apple reports. The Wall Street Journal today is set to launch a new product this spring is not a new phones not a new watch. It is not sadly self-driving apple car. It's a credit card just a credit card. Apple is teaming up with Goldman Sachs for the launch which comes as marketplace's Justin ho reports at a time when both companies are trying to shake up their business models with sales slowing apple has been trying to focus less on phones and more on services things like its app store and apple music that said Colin Gillis at Chatham road. Partners says Apple's still pretty reliant on iphones and the services whilst still growing respectively is less than twenty five percent of iphone revenue. Apple's new credit card could help boost those services if it's tied to Apple Pay the company's mobile payment service says Mark Miller at Minto designing it that way, you know, it allows apple to earn an even larger portion of transaction fees from purchases a joint credit card. Also allows. Goldman Sachs to target apples younger and savvier customer base law. Professor David Mann at UC Irvine says Goldman's been trying to broaden its customer base in recent years. Goldman now offers a wide variety of services to people whether that's personal wealth management whether that traditional banking, whether it's broker dealer or security services, a connection with one of the biggest household names in tech could also help Goldman burnish its reputation men's says that something the big Bank has been trying to do ever since the financial crisis. You know, I'm a law professor, and I'll tell you my students still have a visceral reaction to Goldman Sachs. He says if the credit card is successful, it could help Goldman Sachs's brand name in the long run in New York. I'm Justin how for marketplace. Next week is going to be.

China Goldman Sachs Apple US Tracey Samuelson professor Christine Lagarde UN president Marc Chandler Justin ho Yan Brad Setzer Cornell The Wall Street Journal Washington David Mann Mark Miller
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:35 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"Marc Chandler is managing partner at Bannockburn. Global forex have you ever gone anyplace this week? And so every time there's a little moving the market. We have some kind of long term structural reason for it where I think it's just mostly noise. Trading range, the euro, for example, one thirteen one fifteen we try to break out either side and get back into their SAP's. Go a little bit above two thousand seven hundred retracement targets up there. -tunities moving average. We hold right there because they're not going away. If we don't have enough information yet, I think to make decisive move and David live Ovett's is global market strategist at Jp. Morgan investment management. So what you're seeing here is a market, which is pricing in progress on China, a very fed moderate economic growth, but it's still subject to headline risk. And I think that that's what we saw over the past few days. Some negative news on trade relations with China said the market into a little bit of a tailspin and trade is an ongoing concern era. Epstein is director of the IRA Epstein division at Lynn and associates. We look at what's going on in Germany. The EU is a whole we take a look at all the events that are going on with the president not meeting with the Chinese president and the market gets very concerned about that. And all of a sudden US treasuries, look better and better at Los energy will replace newfield exploration and the S and P five hundred stocks mixed SNP down sixty three down three tenths SNP. Little changed up. A point NASDAQ up nine up one tenth of one percent. Global news twenty four hours a day on air and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than. One hundred twenty countries, I'm Charlie Pellett. This is Bloomberg. You're.

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"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"Winning film. Tom Jones died after a short illness Finney rose to fame on a post war wave of gritty working class dramas. He was eighty two years old. I'm Barbara Kusak. And I'm Charlie Pellett at Bloomberg world headquarters, and this update is brought to you by sector spider. ETF's why buy a single stock when you can invest in the entire sector visit sectorspdrScom or call one eight six six sector E T F stocks ended the week virtually unchanged after a tech lead rally in the final few minutes of trading salvage the session. Marc Chandler is managing partner at Bannockburn. Global forex have you ever gone anyplace this week? And so every time there's a little moving the market, we have to come with some kind of long-term structural reason for it where I think it's just mostly noise. Trading range, the euro, for example, one thirteen one fifteen we'd try out either side get back into their SNP's. Go a little bit above twenty seven hundred retracement targets up there moving average. We hold right there because they're not going to because we don't have enough information yet. I think to make decisive move and David live Ovett's is global market strategist at Jp Morgan investment management. So what you're seeing here is a market, which is pricing in progress on China, a very dovish fed moderate economic growth, but it's still subject to headline risk. And I think that that's what we saw over the past few days. Some negative news on trade relations with China said the market into a little bit of a tailspin and trade is an ongoing concern era. Epstein is director of the IRA Epstein division at Lynn and associates. We look at what's going on in Germany. The EU is a whole we take a look at all the events that are going on with the president not meeting with Chinese president and the market gets very concerned about that all of a sudden US treasuries looked better and better at Los energy will replace newfield exploration and the S and P five hundred stocks mixed SNP down sixty three down three tenths as some little changed up. A point NASDAQ up nine up one tenth of one percent. Global news twenty four hours a day on air and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Charlie Pellett. This is Bloomberg. This.

US Charlie Pellett Bloomberg Finney SNP China Tom Jones Marc Chandler Lynn and associates Twitter Barbara Kusak Epstein Ovett president managing partner Bannockburn Germany Jp Morgan EU
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:56 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"Of technology. He rose to become president of a global specialty chemicals company generating five hundred million dollars a year. Before retiring, he put sustainability at the center of the company's far seeing business strategy. The whole issue of sustainability is an important one for institutions like NJIT because in many ways, it represents one of the next technological frontiers. We've developed so much in the twentieth century and into the twenty first century in terms of innovation and and technology. It's really only been in the last twenty or thirty years that we've begun to worry about well, how do those technological solutions continue through multiple generations, where we we use up resources less quickly NJIT graduates are both sensitive to an interested in solving technological problems in a sustainable way. NJIT New Jersey institute of technology. Learn more at storiesofinnovation dot NJIT. Dot EDU. Now, the news an ever growing list of democratic presidential candidates and Virginia's former governor McAuliffe are calling for the resignation of Virginia's Lieutenant governor Justin Fairfax. The outcry follows a second woman sexual assault allegations against Fairfax. Correspondent Bob Costantini reports. The Trump White House did not meet a congressional deadline for turning over information regarding the killing of a Washington Post columnist and whether Saudi Arabia's crown prince knew about it ahead of time. A senior official says the president is using his discretion to decline a request from congress possibly setting up a confrontation intelligence agencies have concluded crown prince, Mohammad bin Salman, most likely ordered Jamal Kupchak she's murder, but President Trump says the relationship with Saudi Arabia is an important one and that the crown prince has strongly denied involvement acting attorney general Matthew Whitaker declined to answer. A question before a house committee today about whether special counsel Robert Muller's investigation is the witch-hunt Barbara Kusak. And I'm Charlie Pellett at Bloomberg world headquarters, and this update is brought to you by sector spider ET, Fs wide by a single stock when you can invest in the entire sector, visit sectorspdrScom or call one eight six six sector E T F stocks ended the week virtually unchanged after a tech lead rally in the final few minutes of trading salvage the session. Marc Chandler is managing partner at Bannockburn. Global forex have you ever gone any anyplace this week? And so every time there's a little move in the market. We have come with some kind of long-term structural reason for I think, it's mostly noise. Trading range, the euro, for example, a one thirteen one fifteen we'd try to get back into their SMP's. Go a little bit above twenty seven hundred retracement targets up there moving average. We hold right there because they're not going away. Because we don't have enough information yet, I think to make decisive move and David live Ovett's is global market strategist at Jp Morgan investment management. So what you're seeing here. A market which is pricing in progress on China, very dovish fed moderate economic growth, but it's still subject to headline risk. I think that that's what we saw over the past few days. Some negative news on trade relations with China said the market into a little bit of a tailspin and trade is an ongoing concern. Ira. Epstein is director of the IRA Epstein division at Lynn and associates. We look at what's going on beaten. Germany. The EU is a whole we take a look at all the events that are going on with the president not meeting with the Chinese president and the market gets very concerned about that. And all of a sudden US treasuries, look veteran better at Los energy will replace newfield exploration, and the S and P five hundred stocks mixed and p down sixty three down three tenths SNP. Little changed up. A point NASDAQ up nine up one tenth of one percent. Global news twenty four hours a day on air end tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Charlie Pellett. This is Bloomberg. This.

president NJIT NJIT New Jersey institute of t Charlie Pellett Bloomberg Saudi Arabia China President Trump Jamal Kupchak Virginia Justin Fairfax Ira Twitter Marc Chandler Washington Post Bob Costantini White House assault
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:40 min | 2 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"Additional support for high risk urban areas commonly exploited by criminals smuggling operations the Philadelphia. Seventy Sixers are paying tribute to the late Moses Malone. The Sixers unveiled a sculpture this morning at their practice facility in New Jersey. A retirement ceremony of Malone's number two. Jersey will come at halftime ceremony at tonight's game against Denver alone. A hall of fame and Ducky was also one of the fifty greatest players in NBA history. I'm Barbara Kusak. And I'm Charlie Pellett at Bloomberg world headquarters, and this update is brought to you by sector spider. ETF's fs. Why buy a single stock when you can invest in the entire sector visit sectorspdrScom or call one eight six six sector E T F stocks ended the week virtually unchanged after a tech lead rally in the final few minutes of trading salvage the session. Marc Chandler is managing partner at Bannockburn. Global forex have you ever gone any place this week? And so every time there's a little moving in the market. We have to come with some kind of long-term structural reason for it where I think it's just mostly noise. Trading range, the euro, for example, one thirteen one fifteen we'd try to pick out side get back into their SNP's go a little bit above twenty seven hundred retracement targets up. They're moving average. We hold right there because they're not going because we don't have enough information yet, I think to make decisive move and David live Ovett's is global market strategist at Jp Morgan investment manner. So what you're seeing here is a market, which is pricing in progress on China, a very fed moderate economic growth, but it's still subject to headline risk. I think that that's what we saw over the past few days to negative news on trade relations with China said the market into a little bit of a tailspin and trade is an ongoing concern. Ira. Epstein is director of the IRA Epstein division at Lynn and associates. We look at what's going on in Germany. The EU is a whole we take look at all the events that are going on with the president not meeting with the Chinese president and the market gets very concerned about that. And all of a sudden US treasuries, look better and better at Los energy will replace newfield exploration and the S and P five hundred stocks mixed SNP down sixty three down three tenths SNP. Little changed up. A point NASDAQ up nine up one tenth of one percent. Global news twenty four hours a day on air end tick talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Charlie Pellett. This is Bloomberg. This is Bloomberg BusinessWeek from Bloomberg radio. I'm carolmassar JC Kelly Flynn ahead for you at.

Bloomberg Moses Malone Charlie Pellett Sixers China New Jersey Philadelphia Ira Marc Chandler Jersey Lynn and associates Barbara Kusak president Ducky NBA Kelly Flynn Ovett Denver Epstein Twitter
"marc chandler" Discussed on KTAR 92.3FM

KTAR 92.3FM

02:29 min | 2 years ago

"marc chandler" Discussed on KTAR 92.3FM

"Let's see Marc Chandler good morning, Mark. Hey, good morning. How are you doing got a vegetable seed germination question? But I I gotta tell you, man. I grew up right near your story in things. I would imagine that it was an early seventies. And we bought like everything over the book. What my parents got the big four on terra cotta earns that I still have. You know after forty some years, and we actually bought my boy two years ago broke one of some other kids said, okay, we'll find you broke yours. I just wanted and they even put their names on north years. Put the things in the hands dirty, of course regarding. Where have you get attached or something like that? But we box store years and years getting it still a great the weather fantastic. And so Mark did you go to central or Brophy your kennel backwards you go to high school? No, no, no from there moved to Tempe cider split up. So we came out here to camping. I just moved to Chandler, which is what I think is made my problem. I'm trying to Germany some some seeds was always do. But I've got soft water. Watermark speckling, my salt, so for just urinate, and what you probably want to do is just go pick up some bottled water. 'cause you know, when you're starting them off small like that you yourself water just in the house. It's not outside the right, right? Okay. So so you can either use your water from outside or just pick up a couple of gallons of regular water. Just just by drinking water, don't buy pure. Yes. By regular drinking water and use that. But the software too much salt. We actually harvest as much rain water as we can for the house plants, and well, and that's fantastic. If you have your rain water too, but the software little bit left with that. But those waters what we use the garden with everything. But it just hit me because after a week or two tickets. Why is this not happy? Yeah. Thanks a lot. I'll send you some pictures of some of the earth because they look just outstanding. And my kids love. What kind of you know, whatever's sounds like a lot of fun. Mark. In a place. Like, we have here that good fortune that our families moved here. And you know, these family memories are always very special. Appreciate your call. Have a nice weekend. Thanks bye. Bye. Let's see Jenny. You'll be up next. Good morning. Good morning, Brian. How're you today? Right. Good. A word of encouragement is Paul still listening to years ago. I had four trees all hit..

Mark Marc Chandler terra cotta Germany Tempe Brian Paul Jenny two years
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:16 min | 3 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"Minutes past the hour. We update markets every quarter hour here on Bloomberg radio. I'm in the Bloomberg interactive brokers studio here in Hong Kong, we do have losses here in the Asia Pacific, the Nikkei down one hundred and forty points. That's you drop of seven tenths of a percent. Asx two hundred in Australia down two tenths of one percent. Kospi off about a third of a percent now by now you've heard about this FT story, which was that. The Trump administration had rejected an offer by two Chinese vice ministers, visit the United States this week for preparatory talks ahead of big meetings next week with Lille hub through is the emissary for president Xi Jinping in basically, the Trump advisor Larry cudlow denied that the story was to basically what he said was these talks not actually scheduled therefore they they weren't canceled. But they're not going to be held and China did make the offer. That's what the FTC. So that's probably one of the reasons why the down. Five hundred the NASDAQ still finished down, even after the quote, unquote, denial came from Larry cudlow, we know that there are some some issues here regarding enforcement regarding protection of intellectual property rights and structural issues in between the US and China so those remain and so the markets are trending lower a little bit of pessimism over whether a deal really will get done. The doll yen is now at one hundred thirty eight euros trading at about thirteen sixty four Ozzy down down at seventy one point two four US off about two tenths of one percent. WTI Cude fifty to seventy nine a barrel. Okay. Nineteen minutes past the hour. That's it for the market's at Baxter has said. All right. Thank you, Bryan. There'll be two votes on a government shutdown of the US Senate this week. Senate majority leader Mitch McConnell changing direction, the president's plan and the Democrats plan to fund the government through February eighth a vote On Thursday, China demanding the US drop requests that Canada. Extradite wa Mang Juan Joe. UK labor party. Now says the party is more likely to support a proposal to extend the March twenty ninth deadline, if a deal cannot be worked out before the Brexit date of March twenty nine leaders of Japan and Russia acknowledging now that settling the decades-long territorial dispute poses a daunting challenge. Japan's Prime Minister Shinzo Ave saying it's not easy to solve a problem. That's left unsolved for more than seventy years after the war ended, but we must do that. We need to work actively together in order to achieve more trust between citizens of Russia, and Japan, they say negotiations will continue and China and Russia are taking advantage of changes in strategic environment. A new US intelligence report says isolationism is opening the door. And oh, yeah. I want to mention to you a normal operations are resuming again, if you didn't hear at Newark international airport, they were halted for a time because of a drone in the air about thirty five hundred feet high that is up there with a traffic for sure global news twenty four hours a day on Aaron a tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg Juliet's. Ed, thank you so much. Let's get back to our conversation with Marc Chandler, chief market strategist. Partner at panic. Ben, global forex. Let's talk about four extend Markelle in terms of the pound and everything happening with Brexit. A potential hard Brexit plan bay. What are you looking at in terms of stealing, and I guess some of those other crosses to for example, pound against the euro yen. Yes. Oh, sure. I think that the the market has really had a strong rally at the end of last week after me prime minister, we want hair vote of confidence we got to wants thirty. And then we've backed off I think there's a lot of uncertainty still that should play out in the next couple of weeks. I think that the drop dead date now is not so much the end of March, but the end of February when it looks like parliament if they pass this amendment across party amendment would give parliament greater control, if the government doesn't have a plan be in class. So I think that this uncertainty limit how much sterling is going to be a rally on its own. But I believe looking at going to be the key driver. Once you get past the ECB meeting on Thursday is that we haven't FOMC meeting next week. And they're the feds patience and flexibility will probably seen it a dovish. But then we end the week with a jobs record, the US and have a big payback three hundred thousand jobs that were gained in the month of December. So I'm looking for something about half of that in January, and I think that would mean that the euro and sterling have room decline and giving the dovish nece expecting the EC. I think sterling can Klein over the euro as well as the dollar. I was struck by the comment that you made earlier about your your belief that the will begin at some point to expand its its balance sheet, and it struck me to that Ray Dallaglio kind of made a similar point at Davos. He was saying there's a reasonable. Chancellor ecconomic growth once again will produce a looser monetary and fiscal policy than is now being discounted by markets. And you seem to be echoing that sentiment. I mean, we're talking about a major shift in market psychology, though. No, I think what's happening is the market has already pushed out the first ECB rate hike, well into twenty twenty what I'm talking about is that this a long term loan operated at the ECB has and they became a year from now. Now, the next June June twenty twenty however when these instruments these loans have less than a year ago in their life. They become part of the short term financing ratio. And the European banks are regulatory pressure to reduce short short-term funding. Rely more on long-term funding. So I think the they've will offer maybe closer to the mid year that long-term loans something about four hundred seventy billion that are going to make sure this is about twenty percent of the balance sheet. And so I think the news these and so rather than shrink ECB's balance-sheet will probably grow a little bit. These funds I replaced with new long-term loans just around the same time that I expect the Federal Reserve to raise interest rates June July kind of period. This is get back to this area quickly because you know, we saw the one amongst the biggest lie yesterday. That report also president she having that amazing for political stability just in twenty seconds or so we going to see a little bit of stability in the weakening. Strengthening what's your call? So I think we're in a six point seven to seven point zero range, we came close to the bottom of it. And now, I think they've given the weakness of the Chinese economy. We've seen some recent economic data. I think that they might keep in the band, and I think this pushes a little bit higher not much more than six point nine. So we stay in a in a band kick, seventy in the bottom seven point. Oh and a top. All right, Mark. Thanks so much for joining us my chief market strategist, managing partner. Vanik Ben global forex meet us here on Bloomberg daybreak Asia. Plenty come at just having a quick look at the markets that are open. It is another down day, then he came off by seven tenths of one percent, the kospi in Seoul of this is Bloomberg. With the Bloomberg small business report, I'm John Tucker. The fight for fifteen movement has pushed wages higher in cities like Seattle and New York in congress Senator Bernie Sanders and Representative Bobby Scott recently unveiled legislation that would increase the federal minimum wage to fifteen dollars by twenty twenty four New Jersey leaders say they finally figured out how to phase in a fifteen dollars minimum wage, but it's prompting a warning from business groups that it's still could be too much too soon. Lori L box state director of the NFL be in New Jersey tells Bloomberg law, it just might not be feasible. The simple economic reality. She says which nobody seems to understand is that the small business owner has relatively small prophets. And they can't paid more labor costs Cheryl Mormon owner of CS gymnastics in Flanders, New Jersey says she's not sure how she's going to cope. She says lawmakers don't understand what's going on outside their little bubble. And that is today's Bloomberg small business. Report. Just. Really good guy. The term good egg isn't enough to describe him. He's also certified organic and free range. Rich puts the cap back on everything the toothpaste, the olive oil the shampoo everything. He lets his ten year old nephew beat him at virtual tennis. Even though he can straight up slay his ten year old nephew in virtual tennis. When the toilet paper is running low rich replaces the roll on the actual holder. Not just on the back of the toilet reaches texting and driving rich. No, what are you doing rich? I.

Bloomberg United States China president ECB Ed Baxter Bloomberg interactive brokers New Jersey Larry cudlow US Senate prime minister Bloomberg Juliet Japan Xi Jinping tennis FTC Hong Kong Trump administration Lille
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:25 min | 3 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"We'll have to that week lead from Wall Street. Asian stocks looking like they're out for a second day of losses. Let's get all the latest with Bryan Curtis in Hong Kong, Brian. Yes. Thanks very much. True. Yesterday was a down day today starting out in the same way. The Nikkei off eight tenths of one percent. That's a drop of one hundred sixty two points. Japan's December export. Fell three point eight percent year on year. And that was worse than the expectation of a drop of one point eight percent and exports down seven percent to China. Now this data is disappointing. But it's very similar to what we saw from both China and South Korea. That exports were hit pretty hard here. So the trade aspect in Asia is definitely suffering Asian stocks as mentioned getting hit by this pessimism. That's taken the edge on the U S, China, trade talks, and technology and multinational companies on Wall Street took a big hit in in trading. Their treasuries rose oil fell inequity trades chipmakers down more than three percent. Every constituent and the Philadelphia semiconductor index was in the red. Yes. And p five hundred briefly pared losses after the story. We'll tell you about in a moment. Trump advisor. Larry cudlow denying F T report again details coming up shortly. But the market still finished deeply in the red down desk drills down three hundred one points, a drop of one point. Percent. And the NASDAQ down one point nine percent after the close though, a potential positive the Senate scheduling that vote for Thursday on a democratic back legislation to reopen the government we'll see if that perks things up all here in Asia Doug over to you. Well, Bryan, as you mentioned, the US equity market was kinda jolted by the report from the F T on the US turning down and offer of preparatory trade discussions, the F T calling it a lack of progress on the issues of intellectual property and structural reforms in China. But then we heard from White House economic adviser Larry cudlow, he denied the report Kudlow used an old Russian proverb made famous during the US Russia nuclear negotiations trust. But verify now verification is becoming increasingly important for the Trump administration says Bloomberg's Tolo Ola Renita or hearing that enforcement is going to be key. And if the Chinese are not able to provide adequate assurances that enforcement is on the table than we might have a deal. Well, we also heard from the CEO of Blackstone group, Stephen Schwarzman, he told us he sees away to enforce any agreement on intellectual property. A mechanism for this could be setting up a bureau within the office of the vice premier so that if something isn't carried out for company or whatever they can bring that to that bureau, and as long as there's a timeframe it will get resolved one way or another that assures Mun commenting to Bloomberg television at the World Economic Forum in Davos, well, maybe while there's no signs of progress on the US China trade imbalance China now said to be considering buying more waste again. We get more from Bloomberg's Yvonne man. We're hearing China may buy a small amount initially, and then increased purchases if talks go, well, the purchase could range from three to seven billion tonnes and would be for state reserves US wheat purchases by Chinese commercial enterprises have slowed to a trickle the past seven months because of the trade war and a large-scale purchase of US wheat for state reserves would be the first in years in Hong Kong. I'm Yvonne, man. Bloomberg daybreak Asia. I'm looking at shares. IBM trading up by more than six percents in late US trading. Quarterly results beat estimates. The outlook for the new year also above forecast. However, Bloomberg's Ian king tells us as impressive as these results are for IBM what happens tomorrow with the results from Texas Instruments that could get even more attention is important for investors because it has such a broad product portfolio has so many customers in so many different industries. So it in many respects taken as a proxy for the whole economy, and that is probably more important at this particular point because we're just not getting as much economic information out of the US government shutdown. You might remember about three months ago when TI appear to be the canary in the coal mine, so to speak when the company said the supply chain was looking a little congested for semiconductors Thursday in the states will get Intel's numbers as well. And then next week we'll hear from Microsoft, well, it was a tough day for Chinese Internet. Stocks on Wall Street shares. Seena plunged more than nine percent. Alibaba was down three percent Mizzou. Analyst James Lee says advertising, we'll continue to be a challenge for China internet, stocks the still he says Alibaba is his top pick among them. He calls it the best play in a defensive market, but bed analyst, Colin Sebastian is trimming, his fiscal two thousand nine hundred estimates on baba and citing softness in China's economy. Let's get you caught up on global news will get to the Bloomberg nine sixty newsroom in San Francisco for that at Baxter is covering the story on the US government shutdown looks like we're going to get two votes right in the Senate this week to try to get things up and running again. Well, this is this is pretty now if it weren't so painful, this would be fun as a civics lesson. It's going to be interesting to see how this unfolds, Doug. This is a change of direction for Senate majority leader Mitch McConnell for sure as a procedural vote as you mentioned on the president's plan will go first followed by an amendment from Democrats that temporarily opens the government until February eighth. With talks about border security outside of that Bill. This is McConnell would provide funding for each of the top ten priority. Investments for border security. Yeah. Including money for the wall. That's the president's plan. Democrat minority leader Chuck Schumer says this will tell a major stories in those bills was supported by Republicans already and each of them would reopen the government and allow us to continue our discussions on border security. So where are we well? Bloomberg's mardi Shankar says the dueling bills are really something talking about the Trump Bill here. I personally had the belief that that Bill will not get as many votes as humor Bill. So perhaps it's McConnell's idea that he can then show the results to Donald Trump and say, this is what would pass or there could even be a veto-proof sixty seven on the government opening bell. The Democrats bell the vote scheduled for Thursday eight. Got fun. China demanding US dropper requests that Canada. Extradites Weiwei's man, Juancho, maybe walk four ministry, spokeswoman and members of the US congress unreasonably attack defame and discredit the Chinese government's national policy according to lie rumor and even fiction, and you know, there had been some people who said that with a hall of fame baseball United States that Yankees legend, Marianna Rivera shouldn't be voted in. I mean, he comes in he closes he pitches. Two or three hours he pitches in any. Well, he stuff that one. He is the MLB is all time leader in saves and voted the first unanimous hall of fame inducted the first time. Yeah. Absolutely. I think Ken Griffey junior trivia got like ninety nine point ninety seven percent. He was the highest up to Maya. No. And also Edgar Martinez. Mike Mussina and ROY holiday so nice a nice class there. All right, Douglas. Thank you. Our guest for the half hours, Marc Chandler, chief market strategist, and managing partner at Bannockburn, global forex, Mark always a pleasure evidence seems overwhelmingly clear that we're getting weaker growth in China Europe, and the US I mean, I'm curious as what it means for the rate outlook. I in the way that you see it, and we can talk about currencies in a moment. Sure, I think maybe the big thing would be this week. We've got the meeting on Thursday. About a couple of hours before the meat market reports to flash the preliminary Kim, I the purchasing managers index for January now that is style to a four year low the composite fell to a four year low in December, and that's gonna be we're gonna get cut maybe a small bouncing there. But not enough to change the tone were from dry, so ECB I'd hold this week. But I think we might get some more hints that they will begin expanding their balance sheet again by using the long term refinancing operations. So obviously, that's the case. The what about in terms of some of these other geo-political precious that was saying that seems to be a little bit perhaps of an easing in the U S China trade relationship, but at Davos where missing some k- is how rating the global picture at the moment. Yeah. So I kind of trade issues kind of interesting to be we had today with the financial times was in the past week. We've had two other news reports. One of the Wall Street Journal saying that the the treasury was favoring reducing tariffs. I China to get them to agree on a longer term structural changes. Then we had the New York Times playing that down and talking about some light. How is your point of view? The trade Representative playing down this talking about the lack of agreement back of progress and intellectual property rights. And then today the F T. So it seems to me that you got to ship. It's leaking a lot of these seem to me to be a false flags and spins on stories is if the debate within the administration is being thought out with these leaks to three different newspapers sort of in a serial way. And so I think my general sense is something like this. There could be a commercial deal like you deleted. It was a story. About baby China by wheat from the US. The barriers are not China's willingness to buy more goods they've been promising and willing to strike a deal where they would reduce the US trade. I was two zero in the coming years. All right. Mark one. We continue the conversation. I want to pick up on the point you made about the kind of expanding its balance sheet that caught my year Marc Chandler is with Bannockburn, global forex. We'll talk markets and global news coming up. The art and antiques world is constantly evolving..

China US Bloomberg Asia Bryan Curtis Hong Kong Senate Mitch McConnell Marc Chandler Bill Davos Japan president Bannockburn Mark Alibaba U S Trump administration
"marc chandler" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:35 min | 3 years ago

"marc chandler" Discussed on Bloomberg Radio New York

"Craftsman tools, which were just foundational to every house in America. Ship plan will still be around sold theirs being sold. They're being sold off their they're being sold in other places. So did you ever buy a router from craftsman, I actually have four routers, which we? Adjustable speed. Can you discuss your shopping in the commercial break? Fastest Marcus Chandler Schindler's fascinated by John Tucker Siri folks, seriously exquisite woodworker would have four craftsman around in his I don't loan them out. I I bet you'll cry woodwork. Can I can imagine. When anything three pounded by nail. My father would say, Tom go lunch. They say up Linda Klein that's said what he's like craftsman socket wrench. Metric wouldn't let metric in the house. Bringing Marc Chandler place Chandler grew up with this. I mean, Mark you did a great book on the social astronomy of America as well. Give us your Sears story. Quickly. Marc chandler. End of an era. Internet changes everything. -opoly how bad in a Twitter. That's good. We like that is it's what a Sam by. If we can. Getting them to talk about it might get in trouble. He said to talk about Bannockburn, why don't you start off on foreign exchange. The weakness we've seen in the last couple of days Mark, do you see that as some kind of inflection point for the US Donald after year a strength? I don't know. I think it's a bit early to say that I think that would happen. You know, the US trying to raise more than one hundred and fifty billion dollars this week selling bills and bonds and with the dropping yields and a strong dollar. Something's gotta give. And so I think that what we're seeing is the dollar weakening he'll riding a little bit. But we're still stuck in between, you know, last week. We we did the whole range of the euro one thirteen to one fifteen dollar yen was the big move. But put the flash crash but other currencies like the Canadian dollar the AUSSIE which were hit by flash crashes. Well, completely rebounded. Let's talk about a unique difficulties of twenty nine thousand nine two thousand seventeen was really interesting because we had this big consensus view that the dollar was going to strengthen than it. We can twenty eighteen the total opposite of that twenty nine thousand nine just feels so much more nuance. What is uniquely different about twenty nine in the FX market this year? Mark. I suppose like most people would probably say that most unique things that here is that the major central bank's net neck are shrinking their balance sheets. So the fact that even the US in shrinking its balance sheet, which is last year was offset by the OJ. And now the EC be is done buying in the BJ has had pulled back extended its buying. And so I think there are a lot of people are concerned that lady says oh nine or ten that the cue we had fluffed up at the crisis. And now that QE in aggregate is being unwound, or at least at least stalling now is seeing the asset crisis still dig through. So I think that's one thing. The other thing, I think. The driver easy divergent to renew. Divergence happened today. Jeremy factory orders slumped after the Jeremy Konami contracted in Q three. It's possible that they contracted to four as well. And the be the Japanese which contracting accused three and having a very lukewarm type of the country and the US despite the slowdown remember whistling down from four point two percent in q two if people's horrible, but I'll be doing is going to train which about half the, oh, we're going to try, but what's the opportunity out there? John, and I talked about this. Is it a year where it can make big figures? Forty forget about a year. Is it a quarter where I can make big figures in a foreign exchange traders, it's just gonna be range-bound in a mess of a jumble. Marc chandler. Yeah. I hear you, Tom. I think that it will be a message over here. And she because we have a lot of things coming to an end at the end of two early Q two and by this. I mean, the US trade talks that China we've got like an early March deadline, April the US exemptions to the Iranian embargo, come doing it. And then in may we have the European parliamentary elections. So I think in here in the first quarter, we get a little bit more dollar weakness. But then when we come back within the strange, and we stayed there until we get a clearer picture on the trajectory of trade and US policy. Some mock a lot of people keep bringing up the European parliamentary elections, what is important about the parliamentary elections, not just for the politics. But for the market. Yeah. So I think device -cause Bryson point for the market is it's not just the European parliamentary elections, but with the European parliamentary elections would allow happen is for a new European Commission. And this will set the gentlest trust of European policy going forward and talking about integration. Many people still think even though many people are bullish euro this year, many people I think underlying a cyclical bouncing the euro are concerned about this the going through the never ending story of monetary union without fiscal union. I think that what's interesting. I think this year is it Germany couldn't Germany's turned ahead of the central Bank. Johnny's turn and can act Tober. You've had a Dutch excuse me. We've had Dutch you've had French. It's gentleman. Turn it would seem like after the Italian turn and yet Merckel teams to be playing cards closer. That's not really supporting vitamin seeming to realize that Germany's ability to protect itself its own interests. And to further Europe is not going to be the ECB that the European Commission level, and you're in the middle of this huge text whole range of offices. And so I think the European parliamentary elections are just. I sort of a catchall phrase for this big transition that's taking place in European leadership. The idea though, that we would have a change in leadership at the that went towards the Bundesbank. President yen's vitamin I think it was something people thought would happen, maybe twelve months ago. Most people Mark of the idea that it will not be the head of the Bundesbank's run of the big that just will not be tolerated from many individuals across Europe. I don't know about tolerated. I think that maybe. Won't be supported than Mark. Let's use that word. I think Jerry really wanted to do that. I think they could force. There will I'm getting Bundesbank president could be the next ECB. Here's the problem with that is that there is a woman who's from Germany who's on the board. She's the only woman on the executive board. And if Biden and becomes the the Detroit Treadwell we'd have to step down. And so in big picture Seth I think that the future Germany is they interest are not going to be in the EC, which is normalizing monetary extensively. Okay. How do I how do I make money at this? If not lose money. I mean, what euro pair is most attractive to Marc Chandler. Right now, I think that euro-sterling is very attractive because I think that was still partly because of the directed story. But I'm looking at the euro, though, still identity the euro is still a I mean, I think it was going to happen is they're going to have an ECB easing move here in the first half of the year where they give a new long-term what we'd call it targeted. Long term refinancing operation to T L Piero, and I think that will weaken the euro in the second quarter. So I'm looking to to to your point. I say take advantage of the rally in the yo above the recent range, which is above one fifteen to sell it for the move down when the ECB policy. Hi, mark. Yeah. Fascinating much, no idea about a gun club for ex chief market strategist. I had no idea how they like pick the next Draghi. You know, like the complexities of. Yes. National League Bishop. Yeah. Yeah. It's like you wonder if they go to a second or third distant nations in and around the same time that the European Commission open up, which is why Chancellor Merkel has got on that and perhaps not the European Central Bank. Okay. Well, there we get lots going on futures up eighteen for eighty all of us looking at the again, Reuters headlines Sears to s US bankruptcy court judge to liquidate please stay with us worldwide. Coast to coast. This is Bloomberg. And now for the news from New York City. Here's Michael Barr. Jonathan Tom thank you very much. Donald Trump is set to make his first Oval Office speech as president to make his case during prime time that a crisis at the US Mexico border requires a wall, tonight's speech comes as the partial government shutdown enters its eighteen th day. Bloomberg will carry the speech live starting at nine. PM Wall Street time on Thursday. President Trump will visit the southern border national security adviser John Bolton is set apart Turkey without meeting with president race uptight or the one in an apparent snub over disagreements about Kurdish fighters in Syria. Ridwan criticize the US position that the Kurds must be protected reiterating his government's position that they are a terrorist group. Global news twenty four hours a day on Aaron Antic duck on Twitter, powered by more than twenty seven hundred journalists and analysts more than twenty countries. So Michael Barr. This is Bloomberg member the.

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Nasdaq falls as U.S. lawmakers grill Facebook, Twitter executives

Bloomberg Daybreak: Asia

00:45 sec | 3 years ago

Nasdaq falls as U.S. lawmakers grill Facebook, Twitter executives

"Seventeen past the hour. Let's get you caught up on market action kind of a mixed picture for equities in the states. The big story was tech. We'll talk more about that. In a moment. Ten year treasury last quoted in New York at a yield of two point nine zero on ESPN really kind of stable. We weakened but not by much and right now futures trading in Chicago for the Nikkei at twenty two thousand five thirty which has us maybe fifty points below where we finished in the cash market yesterday in Japan time now for the morning, call Melena Konia, MS here, she is a reporter for Bloomberg's macro squad quite a day for tech. Yeah. Really was done. So tech. Shares foul after lawmakers grilled Facebook and Twitter executives on Capitol Hill. Overall, US stocks were nice lower

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L.A prosecutors declined to pursue sex abuse charges against Moonves

Sean Hannity

02:09 min | 3 years ago

L.A prosecutors declined to pursue sex abuse charges against Moonves

"Detectors undetected swat teams bomb sniffing dogs brought into Schenectady, today they check out a number of city and county buildings after vague threat was discovered on a note. City hall the county courthouse several other government. Buildings evacuated over a period, of a, couple of hours buildings were searched but Nothing dangerous was found a note was found on the avenue side of the Schenectady. County office. Building, and the contents of that note led to the evacuation, and search, all buildings and roads have been reopened CBS chief less Munoz won't face any, criminal charges in Los Angeles over a decades old sexual abuse case and acquaintance of Moonves went to the. Police in February to tell them about three incidents that happened in the eighties involving the CEO CBS prosecutors tell NBC, news at the statute of limitations has expired they're. Not, pursuing the case moon vez the, focus of a recently published article in which he's accused of inappropriate behavior and the CBS board of directors. Say there are looking for outside counsel to investigate WGN news time five oh five. Good update on Wall Street let's get the latest in. The Bloomberg market minute this Bloomberg market minute on WGN. Wise presented by Boucher financial group for CFP's one CPA, this is expertise. You can trust stocks advanced on hopes for dialing back of trade tensions. The Dow Jones, industrial Rose one. Hundred eight points or four tenths percent to twenty five thousand four fifteen the. NASDAQ gained forty two points or half a percent the s. and p. five hundred closed up thirteen points. Also half a percent the Federal Reserve opened its two day policy meeting Marc Chandler of Brown brothers Harriman is confident there will be no interest rate hike gradual mean it does not mean rate hike back to back meeting since the fed began. Raising rates in December twenty fifteen only readers rates whether the. Press conference scheduled Chandler is hoping the. Statement released by the fed tomorrow makes mention of some recent weakness in the housing sector the latest case Schilder report says that in may home prices in twenty big markets were up, six and, a half percent from may. Of last year the crude oil futures fell to. Sixty eight dollars and seventy six cents a barrel in New York today from.

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