18 Burst results for "Mark McCormack"
"mark mccormack" Discussed on No Laying Up
"Then we'd be hanging three and two then. won't be beat them five and four and alternate-shot that that that was a dale. Never forget because we're planning in the afternoon. And i birdied the first five holes. Larry birdie six aubrey. Seven larry eagle date. We were nine under through eight holes. We ended up. you know. i had two footer. i'd to two-putt from two feet to close them out five and three or five and four. whatever it was savvy. Didn't give it to me. So i i just i just back candidate in you hundred percent did you tell them. You're that bleep. Good i told him that later. That was at the belfry with with amirah in that net. The i mean that was just an a cool thing about that was after i told him that i got mark and attornal. We lifted it up. We were six up in six to play. They want a couple of holes to stay allowed. But we you know we're we're gonna win. All he do is tau hole on the last six holes so we you know we were up there so it was that was always the those are the ones i remember those the fun parts of the wins the the the celebration stories with necklace it. Pga in eighty three. We got out of jack. People don't normally see let his hair down so to speak. We had dinner at their. The entire team has dinners every night. Starting on was it friday night. Or i guess thursday night before the first round so we had three straight nights. Dinners at jack's house. He was that close to where we were playing so instead of having eating team room were right there. We went to his house cookout now. That was seriously cool. Yeah you know. We're all interesting interesting. Thing about jack's house we're walking around. Where's your stuff. He didn't have half his trophies out. I mean everybody wants to see the different tro. Nothing's out it's like come on man stored away somewhere in the garage. Well i was when i was talking to. I am jeeva. Gohmert that while i was in new york talking to mark mccormack way back in early seventies and he said you know he's trying to impress me this is arnold palmer's office over here at like arnold got an office everywhere that they've got a building right so so and he opened the closet door. There's a master's replica sitting in the closet on the shelf. I saw what's it is. Therefore you know i mean the things you see in Is anyway go different next up. Justin thomas shortly after the twenty eighteen ryder cup talking about his experience in france. I can't even come close to comparing you know liberty and then the golf nationale. I mean it's just so you know you look at the i t alone and it just was. I mean just the the nerves that i had at the ryder cup or something that i've never experienced before. And what was it like. I mean what will in what way does as you hold the club. It's feels i'd tell everyone that. So like i hit five hundred off the first tee. And i hit five t. I don't or off of the tee box. I don't put it on a t. Just put it on the ground. So i can just kind of cover a little bit more and i just tell everybody that if i had to put it on tv. I don't think i could have really. Yeah jordan walking over the bridge and i mean we had everything all planned out. But we haven't really discussed do do you wanna go. I wanna go. I i think in best ball. It's a so much of just kind of whatever the mo is you know what i mean and we're walking these. You know you want me to go first. You want to go. And i was just like auto i'm going to get it was like okay. Just kind of let me go but it was. I was mad especially in past. I've learned when i'm nervous. My mrs laughed. And that's not a good miss there. So i mean i'm just well it's got to be. I would imagine how i am with the i t that i'm somewhat nervous about if i can put dr run. I'm fine. big old club had. Yeah but that t- that was cruel. Everyone's gotta hit. I r- hold on just the rough you know if you hit it in. He really don't have a chance but it just as yeah. I mean i was joined at such a great job with me and just kind of getting me relax and kind of eased into it and because you were you were in my mind. Amped nervous nervous might not be the way word as you're anxious you've seemed very prepared for it. Yeah you were ready to do it. And you weren't afraid to take the crowd on your animated and it's very you don't you don't really know who's gonna come out and be kind of play that role. I mean we could. We saw patch agreed in twenty fourteen. We didn't know he was going to be like that. Nba just embraced the moment like that. Some people get pucker up a little bit more. So yeah did your president's cup experience because it was kind of still audibly. That was your only ryder cup. Experience that your president presidents cup experience help in that regard. Yeah i think so. And i told i was talking to zander about that a little bit and i was like an atlanta said dude. I think that it's you have this talking to can't lay as well as i think that you have this so perfectly mapped out to where i think. It's so big to plan a presence cut. I mean obviously there. We're going to be just fine if they didn't then they play ryder cup but just this experience. I mean it's just like coming down the stretch and a major where the chance to win. I mean you can learn from it but you. There's a good chance on a lot of those guys in the team. Room are gonna be you know guys that are going to be in your team room at the at the ryder cup. But also the vice captains the guys that i got to know david duval at the at the ryder cup and i didn't really know him that well before you know and then feerick the president's cup and freddie i didn't really know that well and now i feel like i know so it's just getting to those guys and being comfortable around them but just knowing the guys in the team room of things that i think..
"mark mccormack" Discussed on The Pig Wrestlers
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Because i was in duxford <Speech_Male> with boy yesterday. <Speech_Male> <Speech_Male> So we were stood <Speech_Male> in the concorde <Speech_Male> <Speech_Male> test. Rick <Speech_Male> the test <Speech_Male> the test jet <Silence> and <Speech_Male> the other which <Speech_Male> is which always blows <Speech_Male> my mind. The us <Speech_Male> <Speech_Male> bit of the museum years <Speech_Male> air force. But the museum <Silence> is they've got <Speech_Male> the <Speech_Male> sr <SpeakerChange> seventy one <Silence> blackbird. <Speech_Male> That <Speech_Male> was my. I <Speech_Male> had top trump small. <Speech_Male> He's playing <Speech_Male> <Speech_Male> wanted. The blackbird <Speech_Male> always kind <Speech_Male> of kicked. Everything's asked <Speech_Male> and there's <Speech_Male> so many <Speech_Male> engineering <Speech_Male> reasons <Speech_Male> why that thing <Speech_Male> was insane. <Speech_Male> So <Speech_Male> for example <Speech_Male> in of the sky <Speech_Male> it wasn't even <Speech_Male> that mclaren f was <Speech_Male> positively reliable <Speech_Male> in comparison. <Speech_Male> This thing right. <Speech_Male> They had to <Speech_Male> had <Speech_Male> to take off right <Speech_Male> with minimum fuel <Speech_Male> because <Speech_Male> it had to get up <Speech_Male> to a certain speed <Speech_Male> so that the <Speech_Male> frame <Speech_Male> around <Speech_Male> the <Speech_Male> fuel tanks <Speech_Male> would expand <Speech_Male> with the friction <Speech_Male> of the heat sufficiently <Speech_Male> <Speech_Male> to seal up the gaps <Speech_Male> in the field tank to allow <Speech_Male> it to be fueled <Speech_Male> so had to get off the ground. <Speech_Male> Get <Silence> up to speed get <Speech_Male> halt expand <Speech_Male> and <Speech_Male> then it could that could <Speech_Male> fuel <SpeakerChange> it up <Silence> in midair <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> <Speech_Male> bed till <Speech_Male> <Speech_Male> i was just <Speech_Male> honesty. Thing is still <Speech_Male> looks. Intimidating. it's <Speech_Male> huge. <Speech_Male> It's <SpeakerChange> black <Silence> it's matt. <Silence> <Speech_Male> <Speech_Male> It looks like <Speech_Male> it's an alien spaceship. <Speech_Male> And <Speech_Male> is <Speech_Male> this black <Speech_Male> looming <Speech_Male> thing in the corner <Silence> <SpeakerChange> <Speech_Male> but yeah <Speech_Male> it's crazy north <Silence> again fifties. <Speech_Male> <Speech_Male> I <SpeakerChange> mean <Speech_Male> moore. I think <Speech_Male> i think <Speech_Male> flying is fantastic <Speech_Male> and magical <Speech_Male> still absolutely. <Speech_Male> I'm just <SpeakerChange> trying to be <Speech_Male> a curmudgeon <Speech_Male> about it. But i think <Speech_Male> they're doing the same thing with space. <Speech_Male> Space <Speech_Male> travel which <SpeakerChange> is is gonna <Speech_Male> become commodities. <Speech_Male> A one more of it. <Speech_Male> I want more everywhere <Silence> like <Silence> <Speech_Male> be <Speech_Male> on. The ground is overrated. <Speech_Male> <Silence> <Speech_Male> <Speech_Male> Give us more flying <Speech_Male> mo speights <Speech_Male> like lots <Speech_Male> of it. <Speech_Male> Wish my jetpack. <Speech_Male> <Speech_Male> You see you. You see the <Silence> tax that <SpeakerChange> they're <Speech_Male> <Speech_Male> you know they're still <Silence> bit like <Speech_Male> in <Speech_Male> a you need to be a trained <Speech_Male> pilot <SpeakerChange> operated <Speech_Male> type thing <Speech_Male> <Advertisement> but <Speech_Music_Male> <Advertisement> again we come back <Speech_Music_Male> <Advertisement> to <SpeakerChange> try to kill <Speech_Music_Male> you. <Music> <Music> <Music> <Music> <Speech_Music_Male> You're <Speech_Music_Male> listening to <Speech_Music_Male> <Advertisement> this podcast. <Speech_Music_Male> <Advertisement> We're meant to <Speech_Music_Male> <Advertisement> be reviewing the book. <Speech_Music_Male> <Advertisement> Never wrestle with a <Speech_Music_Male> pig by mark mccormack <Speech_Music_Male> but we don't <Music> always get around to <Music> it.
"mark mccormack" Discussed on The Pig Wrestlers
"Uneven temps shape completely. How long has it been since you're clean-shaven year castle too. But i'm coming up for fourteen years. I am joe rain. You're listening to the pig. Wrestlers appalled cost. Where ray and i are reviewing this book. Never wrestle with a pig by mark mccormack. We've made a lot of progress on the product side spice gather for mortgages to the level. Where are the dates supplies. And they'll like please.
"mark mccormack" Discussed on The Pig Wrestlers
"On i'm very glad i seattle towards we. Joan know those were much. we require. Swear absent lost but thankfully Thank you to descript. yes from descript descriptors. Also it would be. It would be good if we could get some sponsorship but anytime sued rain. You're listening to the pig. Wrestlers appalled cost where rain. I are reviewing this book. Never wrestle with a pig by mark mccormack. This is a must read for anybody. Who's anything it's a sort of diary of trading pickup office. Oh god yeah..
"mark mccormack" Discussed on The Pig Wrestlers
"The rain as a as a response from the for the hot weather or it's really easy to keep warm but it's really difficult to keep cool. Yeah and so. I've never enjoyed the he wears for coat. Will i am rain. You're listening to the pig. Wrestlers appalled cost where rain. I are reviewing this book. Never wrestle with a pig by mark mccormack lowest time..
"mark mccormack" Discussed on The Pig Wrestlers
"In his hand blenders things you get for so by venerable. One eventually gave up the ghost of the day and so bought a new one. And i just wasn't paying enough attention so i've actually bought one with a attachment so i would tread for two thousand eight. I am am rain. You're listening to the pig. Wrestlers appalled cost where rain. I are reviewing this book. Never wrestle with a pig by mark mccormack. So here's a question for you so you've talked about special purpose acquisition companies. Before you know the kind of things. Yeah exactly the kind of things sit. There.
"mark mccormack" Discussed on The Pig Wrestlers
"Never wrestle with a pig by mark mccormack so where we so. I think we've talked a little bit decision making quite wanted to look at the about how to recover from a bad decision which is on. Pay seventy six. My quite like the idea of asking the question is should we continue so one of the things that is strange that we don't as often get the opportunity to do something entirely new. Usually were iterating on. Something already exists or we're taking an idea and kind of doing the second would next version of it so as roused frequently that you get to the proper greenfield stuff and one of the things that when people do come to do that is because they do it so infrequently they forget watts it means and when you're that early on in the stage of figuring out whether or not it's worthwhile while enough idea to to bother chasing up with an icy building and turning into business. There's a point in which you should be asking yourself. Should we continue. Is this worthwhile. Does this satisfy the criteria for being a real problem for real people that both enough about for us to actually go in solve and then is it worth while solving that problem and then lost will actually turn that into a realistic business. Ever well exactly because you're kind of caught up in the idea is funny because people think it's just a startup but in companies as well. It's like they do this ridiculous thing where you allocate bunch budgets go do this project and delivering the project seems to be more important actually delivering it and think of value when actually you could.
"mark mccormack" Discussed on The Pig Wrestlers
"Joke paige rating. You're listening to the pig wrestlers. Podcast where ray. I are reviewing this book. Never wrestled pick by mark mccormack in the in the section. Don't better against yourself the idea that you're actually assessing something based on the degree of direct control..
"mark mccormack" Discussed on Bloomberg Radio New York
"It makes a lot of sense. So in the near term, it's the Fed. How much is the Fed going to really allow yields to go up? So far? It's been fairly tolerant. We think that continues, but we're not calling for yields to go crazy. So Mark prospective a really huge number of these something like 1 50 at midyear, For instance, Michael do you see in the economic literature in the monetary literature? Any discussion of the appropriate fiscal statistic? All of a sudden, with the changing of the guard were two trillion 2.2 trillion. Who knows where that number will be tomorrow? Michael. Is there a number within the economic zeitgeist where they say that's too much? Not really. This is really become more of a political discussion time. You've got to think about also how these economic models work. They're linked to Looking at past data and how much past data do we have on pandemics? Not a heck of a lot. So there's one point from a century ago doesn't really give you a lot of comfort, so there's really no particular number you can point to and say this is it What is your best bet? Right now, You know we're doing so much theory and the you know the cosmopolitan political economics right now of Washington as well. What is your delegated best bet. It. Wells Fargo. Well, we're of course, big fans of the Tom Keen's back. But when you get past that, yes, we do think he'll get picked up. Let's say he's just muttering to himself about his plans for this back. Carry on, Mike, you mister, but nonetheless. Yields go up, we say by calling 30 40 basis points. Maybe it's the outside 20 to 30 more reasonably over the next few months, called the next 4 to 5 months that seems like a pretty good plate of us. In the meantime, big driver of recent vets of yield rising was the weakening dollar and this is one of the big consensus bets. It's been cooling off a little bit. Some people closing at Morgan Stanley actually moving away completely in the near term from their weaker dollar call. Where do you weigh in on this? Do you see the dollar strengthening from here? As people take a look at the situation in Europe? They see the pandemic and how bad it's getting. And they say, maybe the U. S isn't so bad. We do see some strengthening least it's a good point. We look at the dollar and say, longer term Probably not great, but near term. How about a bear market rally? These things happen? Dollars really been beaten down pretty dramatically over the last 78 months. As you point out Europe's doing poorly from a covert perspective. Also with US heels going up, you've got yield spreads going up quite a bit, too. So the yield advantage for the U. S. Over let's say Germany, France. Certainly Japan is increased pretty dramatically over the last couple months. That should give the dollar at least the near term boost. What's the compass for this, Mike? I mean it might. Mark McCormack of TD Securities came on and said that he's tracking the vaccination schedules in different nations to determine which country too invested that there is a correlation. There are at least some sort of association between the strength of the economy, the strength of the currency and vaccinations. What are you tracking to determine whether a dollar falls or arises? It's not so much the vaccination progress, although it's a big component really day today, that's a difficult thing to measure. If you look at some of the data, Israel is way out front. Everyone else is not doing all that well. So You wouldn't really aim it That way. We'll focus on more concrete. Lee, I would say is one of the central bank's tell us. What we see in terms of market reaction in interest rates. And do we see bond market yields rising enough to give the dollar boots that really has been the big driver? We think over the last few weeks as far as sending a dollar up. Michael the dynamics of the emerging markets. We talked to Michael Purvis earlier about the Pacific Rim. Wells Fargo's always had an affinity to watch the Pacific Rim. His rarely been hatters there much more to go. Perhaps a bit more again. Here. It's I would say it's a function of how accommodate over the big Central banks. I know we talked about the Molokai. But when you think about activity in the pack friend that really is driven by U. S dollar trade, for the most part, so yes, the Fed stays of the very lax policy. We think that's probably a pretty good sign for that area. Like Schumacher of Wells Fargo. Thank you so much for being with us, and we talk about rates in the economy right now, Tom. We have about an hour about 50 minutes until the initial jobless claims report from the United States and Tom. One thing that we really don't stress enough is the ongoing by for case in the labor market. Layla Brainard of the federal served yesterday came out and said At the lowest kin tile of US earners. The unemployment rate there is more than 20%. That is compares with less than 5% for the top, gentile just talking about how this gap has widened out, and you just wonder what the longer term structural consequences of that this is really, really important to fronts Wanted Quintile folks is 1/5 of the public. It's not a death style. It's a real hunk of the public without 20%, right, Lisa, I'm so glad you brought it up because the week has been so nuts. I didn't realize it was Thursday. Insurgent. You bring up claims and, you know, we get another statistic. Whatever it's gonna be. I don't have it in front of me. But normal is 220,000. We're miles from its 787,000 years taking up with your will to go to fewer digits as well. Yeah, you know, I'm trying to work for my vacation in Capri is well, Tom, You're weighing on it, Mike from the Bahamas emails in and says Abramowitz is killing it. You might as well go to three, You know, taking a 787,436 You worse unfair of Hey. Is that a compliment? Thank you. I'll take it. I will say I do drink this. We've been football free this week. Yeah, I go with what we have to change that. I will say, you know, honestly, it is fair, though. You could have come back at me and said Michael McKee will say those numbers don't matter anyway, because there's so much noise, so there is a question of what the significance is of 787 or 786 nonetheless. Very big Tom, and that is a concern for a lot of people is so what I see which is so important is what I see in the streets, and I know every street of America's different, but there's some huge stress out there. Yeah. It's it's tough time. Coming up. Matthew O'Connor, Deutsche Bank, lead US bank analysts were talking about bank earnings coming out tomorrow will also be perhaps Talking football. Maybe this is Bloomberg. Now, with the latest news from New York City and around the world, hears Michael Barr, Lisa Tom, thank you very much. President Donald Trump was impeached by the U. S House on a single charge of incitement of insurrection for his role. In a riot by his supporters that left five dead and the Capitol ransacked..
"mark mccormack" Discussed on Bloomberg Radio New York
"So really has told us and will be with us. In a bit. Maybe that vote's tomorrow. Pretty much assured, I hesitate to use that Lisa, but my rightly so that you and I observed that it really doesn't move over to the markets that this is a separate discussion. People are shrugging off the potential for impeachment. There's a question of what it will actually do what I find more interesting. Tom is that markets are shrugging off the suggestion of ongoing tumultuous We head toward inauguration. We hear signs are we're hearing warnings from the FBI about potential attacks on state remains were also hearing about potential and rest in the inauguration. 15,000 national guards would be called to Washington, D. C. Market struck this off Tom, but he's a real risks that John Farrell I talked to him yesterday, folks. He's loving Capri. It's not a little cloudy and Capri in the fifties and sixties, but for him, you know, John said, You know, we could do like a five hour simulcast and still not run out of the things Lisa. There's so many stories were not covering is we're fixated in Washington and yes, on the pandemic is well. Lisa, the one story in the markets that we are covering. That is the hearing now is the cover of the weak dollar trade. Yeah, and basically, people are reassessing whether or not they want to go all in. But it seems like perhaps yesterday was the capitulation. And I think that when you look at markets it does seem like any blips Tom are buying opportunities are sort of doubling down on the consensus views, and it seems like we're going back to the inflationary trade. But really, this is hope for a future. We're still not out of the woods, Tom and I think that that is still the tension very much in the forefront for Wall Street, George Sarah Vela said. Georgia Bank moves some weak dollar over to some form of dollar neutrality The same thing that Morgan Stanley met Orrin Bach and James Lord making clear they moved to neutrality. Matthew Mark McCormack rather I'll get the names right. Mark McCormack of TD Securities yesterday was heated on strong dollar due to these rate differentials. That's the thing we're going to talk about. In a minute. Let me do a quick data check Futures up. 10. Dow Futures up 71. The vics comes in 23.17. Those are improving statistics through the morning and the yield space. The benchmark Abramowitz Yield 1.16% on the 10 year yield with attendant Kirsty pitting 101. Basis, pointed on note. Brent crude 56 41 Lisa's here to jolt us with the morning indeed, and I want to just say it's a Brahma yielded. I've been actually trademarking that time so we can get that we can get that going. All right. Let's just this'd what we're jolting for the bad part of the morning or good pun, depending on what your view is today, and we're gonna be getting the U. S. November jolts job openings, Dad, that this really key and a leading indicator, potentially How much momentum there is under the cover with respect the U. S economy and re hiring all those millions of individuals who have been laid off a 10:30 a.m.. I'm actually watching this very closely. Tom, Secretaries of State of Mike Pompeo is speaking at the National Press Club. Why I find this particularly interesting is because he has tied Joe Biden's hands when it comes to China policy in a substantial way and has made some pretty bold moves, whether it has to do with Taiwan. There has to do with banning certain companies from being listed in the United States are U. S business is doing business with them. What else is he going to say? As that? Saber rattling continues, And then at one PM, the U. S. Is going to sell the A Brahma yields a $38 billion of 10 year notes, and I find this interesting at a time when that yield be a Brahma yield has gone to the highest symbol. 2020 do you like that time you just move the market right now We went from 1 15 out to a new 1 16 handle on the Abramowitz moved fabulous. I do find this really interesting because we are seeing that on Lee the yield going up, but we're seeing the yield curve the gap between two and 10. Years of bond yields rise, the widest going back to May of 2000 and 17. Fed is allowing this. That is one of the questions for how long time we'll have to see remain Bosic. We're going to drag him out. I believe that the 7 30 mark on the equity markets with some of those stories as well. We're focused on Washington. But we're really, really trying to focus on the markets as well again, Kevin So really stay with us on radio and TV. So really here with his terrific sound on program, really leading the way into the Washington evening, Kevin will join us here and I think it's in 15 minutes, sir. Something. We're talking his people right now. Brian Love it. Is it Invesco their global market strategists and joins us Brian Levitt is the weak dollar trade done. No, I don't think it's done. It's not done from a longer term perspective in the near term. What ends up happening is everybody got on board. With that trade. You started to see some optimism from the United States with the vaccine rollout and with potential for a better economy amid additional fiscal support, And so interest rates have gone up a bit in the United States and great differentials. Compare comparing the U. S to the rest of the world have Have improved in the U. S is favor So the dollar catches a bid. But we need to remember long term that U. S policy is likely to be accommodated for the foreseeable future in the U. S. Is set to bring forward an additional amount a significant amount of stimulus. So and the feds not likely to Titan for years, so I don't I don't think that this dollar trade is over. It's ah. It's a consolidation of what was a very consensus view. And Brian. I love how you put it in some of your recent No, it's betting against the recovery is it can akin to betting against medicine and science because the medicine and science of the markets is fiscal and monetary support. Is this a frustrating market to invest in I don't think it's a frustrating market to invest in. I mean, it's played out the way most of us suspected that it would in that you started to see this rotation to more of a recovery and reflation traded in the challenge that you have right now is that things have gotten a little bit extended, and the consensus calls have gotten bought up. And so the You're likely now to see some turn. You may see a pullback in markets. But in my opinion, the longer term narrative doesn't change. It's still an environment where this is an economy that it needs to stage. A prolonged protected recovery and policy is going to be accommodated for a long time. So it's an environment that favors risk assets. Just some things went a little bit fast here. And look perhaps a bit extended, but that tends to happen in the early stages of an economic recovery. Brian Long ago I think they used to rotate and people would say Bond money is moving into equity money or equity money's moving into bond money. Well, that's fine. Now we've got a wall a cache of many, many trillions of dollars. Do you see evidence? It's overtly moving into equities. You're starting to see some signs of them. And if you look at mutual fund and E T f flows into equities, it has been improving on a pretty consistent basis. But you know, investors should think about the last decade or so massive over a few trillion dollars into bond strategies in the last year, so over a trillion dollars into money market strategies and over the last decade, cumulative flows into equity mutual fund in E T F says basically flat, so Time. You're right. You starting to see some money come in, and you're seeing some signs of near term exuberance, said markets but longer term cumulative flows suggests investors are not in love with equities. How linked or dollar dynamics or rate dynamics to the future of international stocks. Levitz Wheelhouse folks, Or I should say to mid and small kept dynamics as well. What are all those correlations that stew after the first? What is it 12 days of the year? Well, The strong dollar obviously had been the headwind for us investors investing overseas, and we have been saying that the weaker dollar environment becomes a catalyst to unlock some of that value. You've certainly seen that in the emerging economies over the last six months and even the last year You know, a neutral dollar environment can even be just fine for us investors looking overseas because there is attractive value..
"mark mccormack" Discussed on Bloomberg Radio New York
"I think by month to month dynamic, which I don't think it's a one way drive, and I think you're probably still peaks around 1 25, even if we get Optimistic outcomes next year. So just tie this all together, Mark because you're saying that basically, there might be a little bit too much good news priced in And yet you seem to agree with the consensus baked into markets of a weaker dollar, Stronger U N and even a stronger euro from here. Where would you push back against the consensus trade right now? The fact that it is consensus is challenging, right? We're all forecasting a year out amid a pandemic, and as he talked about your prior segment, there's a lot there's a potentially a lot of structural changes happening in labor market. And if you kind of overlay what the major meta theme is, is there's complete. Dislocation between globalization and you know if you want to call populism or just the general public's feel on globalization, so you know, while Biden will represent a change in foreign policy The medicine of globalization. And you know this age of I guess you'd call it disruption is not going away. So we're still gonna live with extreme geopolitical uncertainty. We're still gonna live with the veterans that happen has to come through all kinds of elections in the fact that information is just dispersed throughout the world's rapidly so I would say that you know the risks are is that All of these things that are happening so quickly in our changing the markets rapidly are not going to go away. Those things are likely to accelerate. So I'd say, you know, our view is the things that we can map and the things that we can forecast, which is the global economy is in a better position than where it is. Right now, Um, is dollar negative, largely because our dollar valuation models are overvalued in the U. S. Still has very low real interest rates and is likely to repress them further Mark. That's yes, sir. I don't mean to interrupt use Tom Keen's line because it's his birthday, so I can appropriate his comments. But you know what you're saying is consistent with what other people are saying as well, which is basically Consensus. The very strong consensus makes us nervous, but we agree with it and are jumping on it. So as an investor, what do you do? Do you hedge? Can you hedge given the fact that we're in such a lower turn low yield world Yeah. So I'd say the part of being out of consensus is where, right now we're getting a lot of pushback on our view that you should be fading. These extremes you should be selling the euro were actively short the euro right now We're short. Two Swiss Frank. On Dwyer pushing back on the reflation trade. As we start the year end. We are getting, you know, significant pushback on that because this is a momentum trade, and everyone likes the fact that momentum generates easy returns. So I'd say right now we're you know, Being out of consensus right now is actually saying that the dollars kind of reached a short term peak and that there's room for it to rally 2 to 3%, which means equities would come off so that in itself is Entirely out of consensus. So we're calling for a drawdown but the exact same time saying, that's a good opportunity to reengage. If you get a 5% pullback and risk assets start to load back up, maybe in early kyu won. So the I'd say Our forecasts are generally in the you know the premise of consensus, but the tactical in the strategic way that you should trade it is completely out of the market mindset right now. I love catching up Great to hear from your Mark McCormack there. TD euro dollar 1 21 Almost 1 21 flat down into the sea be tomorrow I have to say Thomas really finely balanced the V C B. Delivers an upside surprise of downside surprise how the euro would respond to that negatively or positively. Either way, and I could find people would argue both sides of that. I mean, I don't mean to interrupt, John, but, yeah, I think it's absolutely true, you know, so question about it. There's some huge ambiguity this meeting, but what's so important here about Mark McCormick is it's nice to hear from somebody who's really pushing against a consensus call right now. Just a little bit. Yeah, on the year, right? I'm gonna say They deliver something big tomorrow. It's that you're O negative. If they deliver something big tomorrow, doesn't that make people a little bit more constructive on the continent? But down the first politician? I go with you. But, you know, I mean again. I don't mean to interrupt, but I think it's really, really important to see here. What we dont Oh, they said what he started here. Oh, I love this. Keep Hey, started it. What if I continue stop Are you? Are you pressing your mute button? Pressing your own music lines were nice Sons, Capital co founder and principal just doing it themselves coming up next on the program for our audience worldwide. Good morning to you will. This is Bloomberg? Now, the latest news from New York City and around the world hears Michael Barr, Tom Lisa John. Thank you very much. The.
"mark mccormack" Discussed on Unofficial Partner Podcast
"That about a month or two after I had sold pro serve is on the board. Of the company that acquired it and and I, they wanted to get into sports and do some things I went to the first board me and I came back and told my wife will I finally realized that? I had three or four ideas, but they couldn't care less. They're really controlling interest and when when Teddy Forstmann bought I. Am Gene Market died obviously or he wouldn't have sold the company I don't think. But the culture does change because if you if you went and talked to different George, is a good one to start with. But if you talked to these various people Peter, Johnson Bob, Kane Andy Pearce, they are all people with IMG when they were sold to. Teddy, Forstmann. All of them would tell you if they're speaking bluntly that the culture change very quickly. And it, and it was much more business quarterly numbers you know and it was run like a private equity firm. And that change for a lot of these guys who have been there long time. Created? The certainly pro serve or the sport of. Managing athletes is based on relationships. Personal relationships not it's not based on contracts. It's not based on private equity is not based on quarterly numbers. It's based on a personal relationships, for example, mark McCormack had a tent. At why at Wimbledon for thirty years while he was still managed a lot of Wimbledon activities particularly in television. But people went there every year to Wimbledon they go out and have lunch his tent and he built enormous relationships particularly in in Europe. Not In America so much he had outlets as I did in the US Open and they were American, oriented but he was really strong in Europe and largely because of his ability to socialize and greet people. An an started with with Wimbledon, the US. Open, and that's how he built his business that all changes when a new guy comes in. And in his case, sadly he died so you wouldn't even asked to stay on most times they asked the chairman or the founder to stay on. For a limited period of time because they really want to run it themselves the other side of the business overseas with the clients and I'm always intrigued when I talked to sometimes interview gophers of a certain age who mon on about their agents. EMESA. They didn't make enough money for them. There's this sort of inevitable tussle about whether or not. They should have been. You Know I. could have been richer than I. Am I remember talking to Tony Jacklin. He was monia about McCormack's treatment of. Then if they're very successful, they go off and try and leave. The sort of mother agency is because Nicholas left McCormack on of Jordan went somewhere else where. So. It's quite difficult management process. I guess if you are in charge of all of that, when here's the here's the real problem with that for first of all. Tennis Golf. Are Two things they're global and their and their individual. That's totally different than representing a football player in the NFL or a basketball player. In the NBA or soccer world class player in the Premier League is totally different because those teams and and the negotiations are much different than they are in sports in golf and tennis because individual and so.
"mark mccormack" Discussed on Under Review Tennis Podcast
"You know he would play Vic- had given me if I did. I did that with him. I said okay. You know. He's now the enemy you know and everything annot how he plays. I know how what he has to do and he never punch. You'll never liked to let a ball bouncy serve and volley never liked to. He got real tight to the net. So I said I'm going to try to chip as low as I could His serving Adam magnificence of just get it back below and then law the next one and chip and loved and tried torture them too. He's older than I am. I said any time back under I see if I can get this matching to five sets. I'M GONNA win and not only I wanted to. I twenty four twenty two and so I said to my twenty four twenty two right out of the way no tiebreakers than the he complained about. It was getting dark it conceivable. I've changed my strategy. I you know I was. He was furious. Arguing with the referee. at that time you got. Us suspend. I can't see the ball. Victory Umpire Umpire the referee of the tournament. You know he called for the referee to stop okay and so I said well you know if he's really having a tough time. Maybe I'll take a chance and try to drive a couple of return. Serve any for a couple of buying. He's going to be limited and furious. I knew him I knew his character. Use A hot tempered guy on no kidding and so I got lucky and I hit a couple of really good. Drives you know returns to serves past him. He went beserk. Six one for me in the second set. And you're up to Cecil to lowe's as the referee comes under court and says okay suspend okay Mike Gibson captain. My Gibson was the referee. Poncho was in in the where the royal boxes and just the place got so mad. He threw his racket from there. All the way to the net walked off steaming arguing with my Gibson about a call. And you know I don't know what he was saying. I was on the other side so now I'm left. The he gets booed out of the stadium. I now I'm walking out of the court and I so I tell one of the bulk as I said. Would you here pick up Mr Gonzales equipment? And and so I'm walking the Corwin. We will only the mobile. You got out of the bow right well on the on when you enter only when you enter the way out. But anyway that was it and he but he came back the next day and beat me. I think thirteen eleven in the fifth. You know so what can I tell you? You know seven match points. I was lucky couple of really was China so violent. Where you like you guys live the life. I mean you making a lot of money. Were you have more of a harder situation? Well it depends what you call making a Lotta money okay. Well into vessel you call it. Yeah it was fine and it was the beginning. You know but The most I ever worn For winning tennis tournament was ten thousand dollars. That's the most ever won. That's the most I ever wanting in a single tournament. So you know if you had a forty fifty sixty thousand if you get to one hundred thousand dollars a year You know you had a sensational year cessation sensational year that the price money was not that big I but the truth is that was great that we were making enough money to to travel and coach and To you know we couldn't afford coaches. We couldn't afford you know. Trainers masseurs psychology as we conscious sitting around by yourself. You just just laugh about it or you just can't believe it and we we know it existed. You'd even know yeah. We didn't even know that was possible. So how did you finish like most players? You know you get to a point. Where you're you're just can't keep up you get all and Yeah I mean I try to play. How seventy-six was my last good year. How old were you when you finished? I was in my thirties. So we'll let see. Seventy seventy eight was the that was the last year it so you know and from there had to been inside of ten years you created the Indian Wells Tournament in one thousand nine hundred eighty one. Shortly after you finish. I need it was by pure accident. with the by the way for our listeners. You know we talk about they always talk about Larry. Ellison and Charl- Charlie Pasarell created was in charge of in owned Indian Wells. Up until not that long ago it was pure accident had been an ATP tour tournament played in the desert. It was called American Airlines Tournament and at the Hilton or something. No it was at the Mission Hills Country Commission Health Okay and And what happened was In nineteen eighty two had a one hundred year flood in the desert couldn't even finish the tournament. Okay so the ADP lost remember. 'cause I was on the board lost about eighty thousand dollars in that event and you know couldn't afford to lose eighty thousand dollars so which buckles who's my great friend then was the head of the ATP at the time he was the executive director and he moved the tournament to Florida which ultimately that event became the Miami Tournament. Okay and so he moved. And so at that time I I was retired. was no longer playing and And so I was working for a company go landmark Land Development Company doing the looking to hotel and so I then went to the powers to be the men's international professional tennis council making moves and I applied for a sanction and we used to have to apply every year one year sanctions one year sanctions. And so so I want to bring a tournament back Luckily there was an open week and in February February and so I was able to and so we built. A in ten weeks. We built the stadium A tie called but We got done ten weeks in ten weeks. Yeah we built. It built a temporary state and And so we did it and we. We had first tournament At that time You know and that's the nine hundred ninety one. That's that's when I I ran the tournament and we then You know then proceeded to say I got. I got to build a more permanent in nineteen eighty seven. I well prior to that. I bought a piece of property. The only way I could finance a tennis stadium in those days was to build a hotel and so I build what it was then called the grand champion. So tell us now. The Hyatt regency and that property. We built the stadium. A ten thousand seat permanent seat stadium and we had the tournament there through nineteen ninety nine and by nineteen ninety-five. I realize we had A. We didn't have enough room for expansion. We didn't have enough parking. We didn't have enough seats. We didn't have enough bathrooms. We didn't have enough concessionary enough courts enough of everything and so I started to look around for a way to expand it. And that's when I acquired with IMG as my partner Mark McCormack as my partner We acquired The one hundred and eighty eight acres inning and wealth with the existing in tennis gardeners and Tennis Garden Tennis Garden. Yes people somehow think that Larry Ellison built that he did not though you guys looked at and he he he has taking another what. Yeah no doubt yeah. He has invested in and done a magnificent. We found the owner. He and he he must giving you a billion dollars. I wish he would have helicopter in here. Charlie you have to take five would have received a Billion Dollars. No no quite but We both What I think is still today. The second largest tennis stadium in the world only after New York after the Arthritis Stadium in New York and We had a lot of room for expansion. Everybody thought it was too big too much too much of everything and every says wait and see wait and see. Never WanNa tell myself ten years from now. I wish we would have more room. Which would have built a bigger and I think I proved I proved myself right. I tell you what man hindsight's always twenty twenty and now that we can look back. I mean clearly created a masterpiece. I mean that is as good as it gets in the world If you have not been. That's as good as it gets. That is an awesome awesome tournament and we were very fortunate that in trying times That we found the right owner You know in Larry Ellison and I am so so pleased that he's now the owner because he loves tennis everything he does is got to be the best. You know not second. Best the best and And he's got he's the unlimited resources. He's got unlimited resources. He whatever he wants so he's eased on a just a magnificent job and I'm very proud of it is still my baby. So what do you do you roll around like you roll around like the Gold Golf Cart at when you're there like you know not at all? I buy tickets like everybody else and come on. No it's it's true and it's it's the way I did it. Even when I owned the tournament I always you know. It's amazing when you have a tennis tournament. You know how many friends you have people taking get a ticket and I get a ticket and everything as well. I buy my biggest. I got tickets to sell so so and you tickets to sell. We gotTA talk next year. Then maybe maybe we'll have to I. That was way back then. I don't have tickets. We're always looking for tickets. Move into our fourth set. The we call this the ten wall scramble.
What the G-20 summit means for currencies
"Joining us as mark mccormack head global head of f._x. strategy at t._d. securities mark thanks so much for joining us i wanted to start with the g. twenty and kind of how you think the various scenarios coming out of the g twenty could impact currencies kinda how are you positioning yourself there yeah thanks for having me to start but for the twenty i think it's it's interesting to think about that this is a part of an event ristic goes into a longer process of of the trade wars but to kind of think around some of the scenarios there's obviously the worst case which is escalating which is you know talks breakdown u._s. lapsed the additional three hundred billion worth of tariffs on china that seems seemingly unlikely at this point but the other scenarios are generally are base cases which is we agree to a framework to restart talks although we do not reach new deal so i think i think those are the two kind of most focused on outcomes and i would say ours is definitely the latter where it's agree to i guess to disagree but we're not reaching a deal anytime soon do you still or do you view the deputies yen as a safe haven in and around these talks that's historically been one of its attributes is that still the case in your mind i think it's it's a bit of a misnomer but i think what's really important about the japanese yen is if you have to think about the capital flows and if you think about avonex and quantitative easing and all the things that's happened in japan japan has the world's largest excess savings which for many years now has been deployed in the rest of the world equity market and also fixed income so what what really drives the yen on risk off is it's really the japanese bringing their money home so the fact that when when markets turn a bit sour and global equities have a lot of all tila ty- the japanese on strengthening because the yen flows are coming back into japan mccormick my wager is they say in england on the red sox let's painful right now i need to make some money back quick mark can you trade off asaka can you try Trade-off g twenty. i don't think so i think the problem is especially speaking with a lot of clients last especially the last couple of months is everyone kinda looks at a lot of these events is binary and even if we think about brexit and some of the other things that are kind of overhanging it's no one that we really kind of speak with that has investment thesis is really kind of comfortable deploying risk into vents you know they're tradeable we have trades of the week and and other ways we like to think about tactical trades but i think for some of the broader money managers these aren't becoming risks that there's just too much uncertainty and binary risks are just too hard to trade becomes a bit more of a gamble can we see big figure moves or is it more of a grind pair to pair i think we're getting to a point where we're going to start seeing big figure moves i think the last time i was on we talked about the outlook for the broad dollar and i think what we've seen the past couple of weeks is really reinforces that there's a top in the broad dollar and things that we had focused on earlier in the year was kind of return to the carry trade dollar that was weaker against emerging markets on reach for yield and i think what we're seeing now over the past couple of weeks is a major pivot not just for merging markets for the broad dollar but for the euro to start to strengthen for the yen to strengthen and for the the broad feds trade dollar to finally turn and start to re rekindle that bears trying to was on before it was disrupted last year so it's interesting mark so about the euro in particular to seems that the economic uncertainty in and around europe particularly southern europe persists what can euro do right here so i think you want to say about the euro kinda like this it's it's kind of an asset that's got a tremendous amount of bad news parts priced in it's especially on the u._s. dollar side of it it's the dollar seems to no longer responding well to i guess you would call it good news and i think the thing with the euro that's really important is that there's really not much more easy can do to try to weaken the euro they could try to cut rates that they have to have a tearing system but we're also dealing with the central banker who's a bit of a lame duck and i think in the in the second half of the year we'll know who the who's going to replace druggy but i think the important thing for the euro is the economy is is stabilizing it's no longer decelerating there's tremendous amount of bad news priced in our positioning evaluation models show that the market is extremely short euro and we showed that the euro's relatively cheap on a medium-term basis and i think what you're seeing if there's a broad base broad based anti u._s. dollar trade which i didn't this is why people are focusing on gold the euro along with the end become two very strong forms of reserve currencies that are that are also dollar traits well then let's pull that in your advantage at t._d. securities by your work with preah misery and if you fulled in her fixed income call with your foreign-exchange mix what does this signal for yield and particularly full faith and credit yield yeah it's a great question so what it is is it's the start of a fed easing cycle that extends into into next year and i think what you get is the fed essentially cutting rates if you think about where the u._s. ten year real rate is about thirty three basis points right now where's it going to be in a year it could be it could be back to close to zero but then why do we need that if we have cleared a solid economy well i think if you kind of look at the path of the yield curve what you're getting is is central banks are seems to be their cushioning for the potential downside that would manifest if the trade wars were to escalate and so i think what the yield curve in in the fixed income markets telling us that the central banks are taking out insurance but then what is good enough to to stabilize the economy where where central banks start to normalize and the next eighteen months or so so i think what what's really important is that we're kind of on the precipice right now especially with trade wars that the global economy could could get shifted into a negative feedback loop i would central banks are trying to do is stave off that worst case scenario and if they can do that then they can get that relation and so you know i think that's the impact where it's you know we think about the lags in acts of monetary policy this could kind of help cushion a slowdown as we move into twenty twenty record things t._d.
"mark mccormack" Discussed on Bloomberg Radio New York
"Strong financial crises take a really long time to recover from finance the strong job markets pulling people back in her very long monetary union without a fiscal union investment what we preach is extreme diversification it's hard to have sustained productivity without capital bloomberg surveillance we've tom keene and polls on bloomberg radio good morning everyone pasta indian time king john farrell off for the week we are mentioning the foul of the fair poll london stadium red sox yankees baseball i'm not sure what side of the polls jonah since he's on the beer and ending track yes we don't know where he'll be by the fourth inning as well lots going on risk today secretary mnuchin over at c._n._b._c. talking up earlier the idea of a better china u._s. dialogue indoor soccer and that really turned the market around we were red in the screen even a bit negative in our up thirteen and futures down futures on a four not a racing all of yesterday's carnage but certainly getting a spec nicer yields moved by three basis points two point zero two percent of the tenure dollar strength yen way back weaker yen one of seven seventy five coming back we'll talk to mark mccormack of t._d. securities here in a moment to bloomberg interactive brokers studios gorge acidy at fifty ninth alexis today we welcome all of you nationwide in boston washington san francisco here in new york bloomberg eleven three oh siriusxm channel one nineteen particular shut onto those in the mid west on i i've been reading about the agriculture yeah the photos of you know knee high by the fourth of july it didn't happen it's inhabiting this year and so much rain in the midwest that the farmers have been in many cases haven't been able to plant their crops and we've seen prices surge on that supply issue it's really been a very tough season we of the year medically sealed east coast of our ignorant of the trials and.
"mark mccormack" Discussed on Bloomberg Radio New York
"Point one one five zero against the dollar. The yen one eleven point six five, Tom and Paul turn things so much of the screen negative twenty five and the Dow much born data here in a bit right now off the Mark today because we've done so much earnings in equities is dollar surged that we've seen in a distill surgery this morning. There is a blended index DX, y which is our traditional trading partners. Frankly, the BBC d x y the Bloomberg dollar index is a little mathematically smoother index. But the answers they vaulted up in the last three days Mark McCormack with TD securities, Mark. Why did we see a jump in the dollar? Yeah. It's a good question. I think into big question we're getting from people. And I think a lot of it boils down to the inconsistency around the the global growth story, we've seen some kind of patchy data out of Europe, we've seen some emerging green tea out of China that don't seem to be kind of spilling over to the rest of the world. And I think there's a lot of questions around kind of how over position markets may or may not be for this global Kerry trade. So a lot of those questions are swirling together, which is I think caused a little bit of panic and markets the last couple of days, especially with the break of the yearo from technical levels, which is kind of reinforcing the stronger dollar. So Mark what what is the greatest risk to the dollar here. It just seems to be powering along here. Relative to other currencies. I think it's like, well, what's really important is there? There's kind of a couple of different ways of looking at the dollar, and there's kind of g ten version, and there's kind of the emerging markets version right now, and they're they're kind of doing different things euro's weaker largely because there's there's this influences coming through from. The low volatility market. The fact that inflation of collapsed affected g ten central banks are now sounding a lot more dovish. So that's reinforcing this retrievals, which is kind of making the euro the anchor for the carry trade and so for the dollar. I think what really matters is. We're seeing a kind of a breakdown in the relationship between ten emerging markets largely because the fed is the key after here who's going to remain on hold and was very low. So I think what really matters kind of thinking about all this moving forward is global data going to be strong enough to suggest that we are kind of muddling along in the global economy. We're not gonna see a global recession or we're not gonna see this global uptick in global reflation again. But if things are muddling along then the world is kind of Christ to kind of continually weaker dollar story, but more focused on emerging markets and the reach for yield. And then in the second half of the year once year paean data starts to recover or if it does start to recover with the businesses around. The lead the comes through in China. Then we start to see the ten currency start to start to participate. And we will see what we know. Right now is to movements relative rate movement in flows wearing a lot of interviews aren't Cormick that flows into the US are tangible. Do you agree with that? Yeah. I think what's critical is. I think what a lot of people are focused on is that central banks have become more responsive to pass six weeks. And that this is a rate story. I would argue if you look at the correlations and someday periodical evidence, it's really an equity story. So I think when you kind of look, especially the euro when the euro is not traded off rate differentials for the better part of the last five years and even look at euro kind of beta to your spreads. It is pretty much nonexistent actually doing the opposite of what it should. So when you think about the flow component. It's really equity flow component that I think is the most critical factor, especially for the euro, which kind of brings us back to growth because I think markets look. Equity flows has a potential proxy for what the relative growth outlook is. And so to think about the dollar store, I think is kind of reinforces the wet we've seen between ten emerging markets last three months best-performing equity markets, which probably capitalize on the flows is emerging markets in China, and you know, that is a complete reversal story. What we saw last year. So we're not seeing the catch up in European equities US. Yeah. Which again, kind of creates this wedge between close which is it's really the US versus the rest of the world. And you know, I think the last week people have been kind of a little bit concerned about whether or not that flow out of the US is is tangible. But I think this is where the pm is. And some of the data. We'll see next year next week will help to reinforce whether or not this is another false start where we get a little bit more of a strive dollar trend somewhere just looking quickly here at pound sterling looking at one twenty nine sixteen. What is your view of the power? Found and given the continued uncertainty timing of Brexit. Pounders? There's a fair amount of good news price. Then I would put that in the context of kind of positioning valuation. Some the technical stuff we look at it very short term basis. I guess you would call them tactical drivers. But when we look at kind of implied positioning, proxies the markets, basically neutral, the pound right now, which to me kind of lessons, the signal of whether or not you want to kind of buy into these dips, I'd say there's a lot of uncertainty now, especially about whether now beginning election, whether or not there's a second referendum or whether we get some kind of soft Brexit, and we won't have an outcome. Probably until until Halloween, which is a very ironic time to kind of have that last the last date kind of connected to this process. But the point I would make is I think there's a fair amount of optimism priced in it these levels. So we still kind of think that we're, you know, not really gonna make much of a break above one thirty two. And so any way to kind of think about this trait is. Relatives Durling where you still kind of get a little bit more upside from euro, as you know, the, you know, the the relative growth dynamics are still in favor of euro, kind of catching up with the UK and also with the Brexit and certainty and a lot of this stuff already priced in. There's probably more room to me euro-sterling topside, Mark. Thank you. Mark McCormack T securities FX update against our strength this week. It's certainly in the last three days with euro-dollar one eleven forty six a little bit stronger than where we were twenty four hours ago to pile on the dollar angle. I don't think we think of this post weenie, these technology companies, Microsoft and Amazon just to successes in the last twenty four hours. They do have foreign exchange dynamics, they're not Johnson and Johnson three m but they do care don't they do care, and they they do hedge for the most part, but you know, investors, I think tech investors in general historically have looked past. Earnings fluctuations, and again, focus on what we talked about a little bit earlier, which is kind of the revenue growth story. And just kind of you know, is that top line story still there is the total addressable market that these technologies are trying to target you know, that still there the long term secular play. So these technologies stories for the most part tend to be long term secular stories and tends to cut a discount a little bit. Some of the currency fluctuations talk about Amazon having an unlimited retail space out there with a wonderful team at Bloomberg intelligence on the cloud, which is four five six seven people. Is it the same with the cloud like out five years ten years? It's unlimited. I think it's I think that's probably not the same. I think I think the long-term secular play for ecommerce is is more. I think more readily identifiable for most investors. Most of this is a little bit more comfortable clearly right now for the next several years, the big source of kept capital spending for the technology companies is on the cloud. And that's why these you know, the Amazons. Microsoft's? And so on a really benefiting Cisco, I don't know when they come out into interesting to see what they do as well. Just as one other name right on negative negative forty four in the Dow twenty six four one six as to be twenty nine twenty down five points in the vix. Elevates a little touch of fear point one for thirteen point three nine pulse. Weenie and Tom Keene. This is Bloomberg. Good morning. National headlines right now with Michael Barr. Michael, thank you very much, Paul. Thank you sound. President Trump travels to Indianapolis today to speak at the National Rifle Association invention. Vice president Pence will also attend. Meanwhile, President Trump took a swipe at democratic presidential candidate Bernie Sanders after he supported giving felons. Like the Boston marathon bomber the right to vote. Trump spoke on Westwood one's marklevinshow. Former vice president Joe Biden now an official candidate appeared at a fundraiser in Philadelphia last night, the democratic presidential hopeful told supporters he hopes to restore America rushing. Conspirator Berea patina will be sentenced today by federal judge after pleading guilty to infiltrating the NRA with the goal of influencing US politics. Global news twenty four hours a day on Aaron at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. Michael barr. This is Bloomberg com. Very good Michael Barr. Thank you so much again read on the screen a little bit awake to stocks. And in the yield market. We saw higher yields off a killer. GDP report three point two percent beneath the radar a lot more tepid economy than that three point two percent statistic. And yields have come in with a vengeance. Shout out to John Farrow, looking at the two year distortion. Negative five basis points five basis points lower on the two year two point two eight percent that really gets by tension worldwide. Coast-to-coast? This is Bloomberg. Let's say you just bought a house bad news is you're one step closer to becoming your parents. Which means you're going to start telling your kids to clean up before the cleaning lady comes doesn't make sense. But you're the parents and their the kids you're going to start telling them that now too..
"mark mccormack" Discussed on Dunc'd On Basketball Podcast
"A little like twitter ad for dunked on says download as much information about the nba's you can handle directly into your brain while blink will do that for you in audio form by transforming over two thousand of the bestselling nonfiction books into powerful packs you can read or listen to in just fifteen minutes and frankly you reading a nonfiction book to get the information so you can apply in your life are you really gonna remember more than fifteen minutes worth of information anyway for spending hours and hours reading this book i don't think so you can get the two insights from two to three books just on your commute home potentially if you have a forty five minute commute like i used to a few of the titles they have available emotional agility by susan david the worry free mind by bill wade and carol kershaw ed i have some family members who might be able to benefit from that what they don't teach you at harvard business school by mark mccormack and as i mentioned over two thousand titles in all three get started with them as blankets to be ally n k i s t bo linkakc dot com slash cup space to start your free trial or you get three months off on a yearly plan once again that's blinking dot com slash cap space that slash coetzee's euro is remember because we talk about all the time here on the program pelinka's dot com slash coutts waste let them know that you came from us let's turn now to monday night's game philly and boston did not go according to plan i thought that the big issue would be can the celtics stop the sixers and we just kind of assumed that the sussex we're gonna struggle to score against philli that was not the case in the slightest as it turned out i made the celtics posted a one twenty two offensive rating in this game which is really impressive considering phillies defense had looked pretty stout against the heat it should be noted that one of the things boston did super well that and this is not meant to take anything away from them that might change is the way they attacked marco bell nelly bell was truly awful in this game and awful in the ways that we would speight it's just a bust and went to it more.
"mark mccormack" Discussed on Afternoons with Marcellus & Kelvin
"I don't know if he 5050 jerry special with that like jerry care nothing but money the nfl told him you cannot go out there and give a guarantee contract or you sign a bonus and he said okay falling and then signed diaz senators to the most 'elastic contract ever which basically do it in an fell face like okay i get around it which is why and if owners are trying to get him right now hope they can suspend ezekiel elliott jeff on a road that in his for he always oppose always arne always winning two are so is that time speaking of ezekiel elliott usa yesterday we will do that next our game show we will battle it out and i think it is running back addition right might i gotta change shore is you've got you've got to within the ground assume ourselves still lose and his own sport outta we'll do that next afternoons with marcellus in calvin espn on rex or nexen sarajevo sunlight could he all right next to retire fries are here type next an n e xe into four zero 705 to win a set of four next and tires again that's next in any xe end two four zero seven zero five to one is set for next tires out next entire on the web to learn more at next entire usa dot com after does were marcellus jovan in his time who for usa yesterday third bigtime idea yet larry king larry king larry the king hooking itself mccain i mike i'm ready for much eh i guys you ready here are the running back addition were because o j got out yesterday one in backs out yet now you over i have a monopoly tech of custody right now you'll make a send fx lou sooner dino october yours libya it almost makes it worse clearly you're excited you now but that's like every day is mark mccormack among lawns were put 'em by self because inmates they say they don't want inmates to try to law little jealousy there noah guys get now they're not get him to fight meet at a you'll he'll get in trouble now maybe that gives extra year to grow or worse or warrior yep all right the first one okay this running back one a super bowl with the raiders mark is our while yet.