35 Burst results for "Mark Mills"

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

04:26 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"I stayed off that territory. I'm on a lot to the territory where they made their arguments from where the moral cases for use of oil and gas. Its the the royal moral cases for cheap abundant reliable energy but making that re making that substantive of with facts but you start from the from the The angle where you want to have a clear at cleaner environment. You want to protect people. You want to help people so the social arguments which aren't part of the laugh but the left makes their arguments beginning from a social Personal perspective and too often people industry start from a technical perspective. They'll argue with what the facts you got wrong are okay. You gotta do that. I do it all time. But that's your stock. You're not to your point. You're not making the argument beginning from where they are. Which is a humanist perspective which what jerry was talking about. I think that side of the argument is almost more fear. And i saw this quote recently that fears the currency of control and the fear of climate fear of getting zapped by the sun. Yeah because of the oil and gas industry. It's scary grabs headlines like i'm not saying willing and gas industry should do this but the it with ear like what would happen if it didn't exist you just know it was the day without oil. Just let's just. Do you know that you saw the one good advertisement api did. I'll give them credit for this. That you've seen this. This advocate where they show things start disappear around the house that are made with petrochemicals or use oil and it's a really clever at they just start disappearing any sequence over thirty seconds. Everything around the house that's made from or uses oil disappears. Powerful atlas shrugged. Yeah i so but the fear of what would happen to the to us it with a day or a week or a year without oil. Just just just turn a switch in declare. You.

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

05:48 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"Probably everybody knows who. Chris right is but it can use a magic google machine to find the video he did. I think it's all linked into right. It's a pretty sure report is just go to youtube. Is chris ride liberty. Es g video. It's a terrific defense to your point of both operating a business in an environmentally and socially responsible way and the fans of the industry but Jeremy jeremy's right and you're right that it's it's a tough business to be in it's been it's not fun to be out there defending it so you right few have to decide. You're going to talk to people who don't like what you're saying. And that's not fun even if you do with diplomatically. Because lot of times you ad hominem attacks or attacking you personally not the factor presenting but attacking you personally. It's not fun And most people don't want to do it. In another cases they made a such fiduciary decision to stay out of the. Just go along because it's easier because eventually the world will have to return to normal while my advice to them. Sure eventually but your business might be bankrupt and the russians and the saudis where you started. We'll sell the oil but you won't be because if you don't participate in the debate Governments can destroy businesses. They've done it before. Governments can do governments can do what happened in the nineteen twenties in russia. Governments can sovietised economy. They can do that. it can be done. And that destroys all the businesses. They all become status businesses. I don't think that's gonna happen to america. But that's the kind of path you go down if you don't defend good right. I is that a couple other points. Meaning your point as relates to an oil and gas is doing well. It's a tax on the economy. And and you know vice versa It would be an even bigger tax. We didn't have domestic production. And i think a lot of people lose sight of that. I mean it'd be fascinating this would never happen. But what have you just stopped oil and gas for day and let that ripple happen you go through the overall system. It'd be may which is kind of crazy to think about. So then how do you. How do you fix it. I really think industry leaders need to stop being so defensive to own it. They need to say we're going to keep producing hydrocarbons because we think it's the right thing to do and it is a good thing to do. And how do you further that message. I think you you try to humanize it and make it less. Opaque put faces behind it make mu high people that are proud behind it and i think that that would go a long way. They should do what. They're accused of doing their accused of mounting political and public relations campaigns to defend themselves. The critics of they're all against industry say all time that big oil 'cause they're not many big oil. Big oil has powerful public relations and political campaigns. Really show them. I mean where are they but since are being accused of it. I think they should do it. They should get out and and an advocate lobby and they aren't. I can tell you from firsthand evidence in washington. Where i live that there. There are crickets when it comes to a used to be. If you if you propose the piece of legislation that was anti oil sedgley anti energy the lobbies come out of the woodwork. And they're all gas industry.

chris ride Jeremy jeremy youtube Chris google russia america washington
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

05:48 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"Probably everybody knows who. Chris right is but it can use a magic google machine to find the video he did. I think it's all linked into right. It's a pretty sure report is just go to youtube. Is chris ride liberty. Es g video. It's a terrific defense to your point of both operating a business in an environmentally and socially responsible way and the fans of the industry but Jeremy jeremy's right and you're right that it's it's a tough business to be in it's been it's not fun to be out there defending it so you right few have to decide. You're going to talk to people who don't like what you're saying. And that's not fun even if you do with diplomatically. Because lot of times you ad hominem attacks or attacking you personally not the factor presenting but attacking you personally. It's not fun And most people don't want to do it. In another cases they made a such fiduciary decision to stay out of the. Just go along because it's easier because eventually the world will have to return to normal while my advice to them. Sure eventually but your business might be bankrupt and the russians and the saudis where you started. We'll sell the oil but you won't be because if you don't participate in the debate Governments can destroy businesses. They've done it before. Governments can do governments can do what happened in the nineteen twenties in russia. Governments can sovietised economy. They can do that. it can be done. And that destroys all the businesses. They all become status businesses. I don't think that's gonna happen to america. But that's the kind of path you go down if you don't defend good right. I is that a couple other points. Meaning your point as relates to an oil and gas is doing well. It's a tax on the economy. And and you know vice versa It would be an even bigger tax. We didn't have domestic production. And i think a lot of people lose sight of that. I mean it'd be fascinating this would never happen. But what have you just stopped oil and gas for day and let that ripple happen you go through the overall system. It'd be may which is kind of crazy to think about. So then how do you. How do you fix it. I really think industry leaders need to stop being so defensive to own it. They need to say we're going to keep producing hydrocarbons because we think it's the right thing to do and it is a good thing to do. And how do you further that message. I think you you try to humanize it and make it less. Opaque put faces behind it make mu high people that are proud behind it and i think that that would go a long way. They should do what. They're accused of doing their accused of mounting political and public relations campaigns to defend themselves. The critics of they're all against industry say all time that big oil 'cause they're not many big oil. Big oil has powerful public relations and political campaigns. Really show them. I mean where are they but since are being accused of it. I think they should do it. They should get out and and an advocate lobby and they aren't. I can tell you from firsthand evidence in washington. Where i live that there. There are crickets when it comes to a used to be. If you if you propose the piece of legislation that was anti oil sedgley anti energy the lobbies come out of the woodwork. And they're all gas industry.

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

02:18 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"I have never had the pleasure or the respect have been cancelled so facebook. Now you know you've made it. I made it. Facebook briefly cancelled blocked access to the wall street journal page where i reviewed his book. This is a review of a book. It's not my sense. It's my opinion but to be fair. You it's impossible that layer your opinion a little bit in a book review. But it's his book and then they backed off that and they posted the that it was unscientific in linked to a rebuttal. Four thousand five hundred word rebuttal to my nine hundred word book review by a group of scientists who said if you read their rebuttal. What you find out was. They didn't say that kuhn was wrong. Or my it was wrong. But there's some nuances. We have to discuss. No kidding the point of the title. The book unsettled was proven by. You're kidding so a lot to talk about here. The science and that's why kuhn wrote his book so you know. I have my opinions about the science. I followed it for twenty twenty-five years. Who cares what my opinion is about. The science on this what people can actually read the information and could and uses the same primary sources of information that all the other scientists and the global climate community use the ipc and the research documents so he doesn't use the pr releases he uses the primary and he will say is my friend. Dick lens said many times in public space who happens to be a real client. Aside this from mit those who are attacking the climate scientists in promulgating. A hoax should stop saying that. The climate scientists aren't doing that. The climate activists are climate. Scientists are actually being pretty darn good about their sides and pretty honest about it but no reading it interesting. The you that really brings up the point. I mean at the end of the day. I mean three things can happen here. Right number one. Greta could be right and a hole in the ozone layer could pop up. And what is it. I think were eight years out from that. We could get laser zapped by the sun. We could start with number. One is never going to happen but go ahead. Yeah i mean theoretically could stop rotating theoretic. Now he's not going to happen. The sun could blow up tomorrow. Nine not gonna happen..

kuhn facebook wall street journal Dick lens ipc Greta
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

04:42 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"Know the all expression which is overused but absolutely correct as it has no free lunch in nature and physics in an economic systems. That you just simply always have Consequences to actions and humans exist and they impact the environment where you want to just minimize that and then you're comparing apples to apples or apples to oranges. Whatever you wanna. You're making the comparison so if you don't use oil and use something else that has a consequence to if the dig something up you have to do something at the built something so when you look at these things on balance you find out. Jeremy nailed it. It'd be hard to come up with a cleaner more economic and humane way to supply so much energy to so many people then what has happened the last century but the question. You're you're asking. Which is the greta question on infusing. All this is not about pollution per se as we all know it's the magic carbon dioxide question once that got declared by congress is a quote pollutant. Congress can do anything at wants. Congress can declare the gravity doesn't exist. they're allowed. It's you know they can do anything they want. But gravity will still exist. But they can say it doesn't and they can pass a law against gravity fair enough. they pat. The carbon dioxide is a pollutant turns out. Carbon dioxide is nutrient. It's what plants require to live right. This is a piece of biology. You probably should have learned in third or fourth grade's exhale it every day exactly plans us plants like it so they affect plants don't exist They wouldn't exist. Honor their life on earth but for carbon dioxide because it is the fuel of plants plant life and plant. Life is at the beginning of the food chain for humanity mean. It's full stop so the question that scientists have all answered the science question. Are we on the birds of an apocalypse. The answer's no so that's not exactly new. Wants to answer. The world is not on the verge of an apocalypse from carbon dioxide emitted from burning lagasse that does not mean that there isn't some effect from humans can ask him some of the carbon dioxide of the amateur. That nature adds a lot of as well and would command to those who haven't read it Stephen kunas new book called unsettled. I did a video. Podcast with with stephen about a week or two ago as book was officially rolling and and i reviewed his book in the wall street journalist as you probably saw. It's it is and he is to be sort of those who don't know who he is he is. He was the deputy secretary department of energy for research under obama. He was the chancellor at caltech physicist of some note he's a guy Of consequence he wrote a excellent book which is essential lecture..

Congress Jeremy congress Stephen kunas department of energy for resea stephen obama
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

03:52 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"We have to get a bunch of rare earth minerals from china and australia. And i'm not sure. Trust us giants of just saying is better for as my australian tennis ketone. Young us telling me we started as a penal colony. Just keep that in mind. So anyway i on i. On balance i would make the argument that that What oil and gas has provided for humanity and has provided for the environment is a huge net positive and is still better than anything else that is available to us today and look oil and gas was a pretty good thing for the whales out there. look i. I totally agree in. Look if you don't people don't want wanna use gas. Don't i mean it's it's it's crazy to me that the gas industry is vilified so much this is perhaps a bit of a tangent but i think the the industry needs to communicate illustrate. Show what we are doing to operate efficiently and with a focus on the environment and the the lower footprint energy And i think the industry is so often been defensive and you see large you know supermajors saying they're invested their their hydrocare. It's it's unbelievable to me. How the actions of the played out versus this is a great thing for humanity and were doing a great thing for me and i think leaders of the oil and gas world and companies need to convey that and make people proud otherwise. There's going to be an exodus of solid because people are going to read the headlines and think they are being evil when in actuality benefiting humanity quite a bit. One of our core tenants is everything. We invest in needs to do some combination of make energy more. Affordable may get sicker people and make it better for the environment and i think every everything we've invested in everything we will invest in will do at least one if not all three of those And that that's important right. You can't and i. Obviously i wax grandoise put a clearly marked waxes poetic about the merits of re wax. Rule in the podcast. You can't say. Three wax is an original because brazilian. I'm just speaking australians. Important to note that We as an industry. We need to be responsible right. And i think on a relative basis we have been responsible and we've only gotten more responsible every single year with taking care of the environment around us We can't go around spilling oil. We can't go around polluting unnecessarily And so that is a very important part of making sure that we're being good stewards of the environment which is the important part The be just make sure we're always getting better And that's a lot of what we're focused on is making if we're going to be using all this energy which we are derived point. We're not gonna stop you know everyone's free to move to a cave and not burn firewood and never use energy again. And they're not gonna survive very long but they're free to do that so as long as we're using more energy we need to make it as affordable as safe and environmentally friendly as possible and that's what we get excited about. I think the reason that the industry is has been under so much heat from that perspective. It's fake. I mean we live it but most people they're actually willing s industry is going to fill up their gas tank. O stupidest thing we we've done in the last twenty years not was not just say. Here's what's in fact. Fluid the german ryan. You know spot on in terms of both the realities. The world's gonna keep using oil gas. It's on balance and imbalances matter..

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

03:52 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"We have to get a bunch of rare earth minerals from china and australia. And i'm not sure. Trust us giants of just saying is better for as my australian tennis ketone. Young us telling me we started as a penal colony. Just keep that in mind. So anyway i on i. On balance i would make the argument that that What oil and gas has provided for humanity and has provided for the environment is a huge net positive and is still better than anything else that is available to us today and look oil and gas was a pretty good thing for the whales out there. look i. I totally agree in. Look if you don't people don't want wanna use gas. Don't i mean it's it's it's crazy to me that the gas industry is vilified so much this is perhaps a bit of a tangent but i think the the industry needs to communicate illustrate. Show what we are doing to operate efficiently and with a focus on the environment and the the lower footprint energy And i think the industry is so often been defensive and you see large you know supermajors saying they're invested their their hydrocare. It's it's unbelievable to me. How the actions of the played out versus this is a great thing for humanity and were doing a great thing for me and i think leaders of the oil and gas world and companies need to convey that and make people proud otherwise. There's going to be an exodus of solid because people are going to read the headlines and think they are being evil when in actuality benefiting humanity quite a bit. One of our core tenants is everything. We invest in needs to do some combination of make energy more. Affordable may get sicker people and make it better for the environment and i think every everything we've invested in everything we will invest in will do at least one if not all three of those And that that's important right. You can't and i. Obviously i wax grandoise put a clearly marked waxes poetic about the merits of re wax. Rule in the podcast. You can't say. Three wax is an original because brazilian. I'm just speaking australians. Important to note that We as an industry. We need to be responsible right. And i think on a relative basis we have been responsible and we've only gotten more responsible every single year with taking care of the environment around us We can't go around spilling oil. We can't go around polluting unnecessarily And so that is a very important part of making sure that we're being good stewards of the environment which is the important part The be just make sure we're always getting better And that's a lot of what we're focused on is making if we're going to be using all this energy which we are derived point. We're not gonna stop you know everyone's free to move to a cave and not burn firewood and never use energy again. And they're not gonna survive very long but they're free to do that so as long as we're using more energy we need to make it as affordable as safe and environmentally friendly as possible and that's what we get excited about. I think the reason that the industry is has been under so much heat from that perspective. It's fake. I mean we live it but most people they're actually willing s industry is going to fill up their gas tank. O stupidest thing we we've done in the last twenty years not was not just say. Here's what's in fact. Fluid the german ryan. You know spot on in terms of both the realities. The world's gonna keep using oil gas. It's on balance and imbalances matter..

tennis australia china
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

03:07 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"We synthetic classes of materials. That are astonishing. We'd be me make bio compatible things that we can Implant eat and put it the food that was possible ten years ago so the three classes of of of technologies are changing contemporaneous. That what makes the mets gonna change the united states in europe. That much it will change the important thing is. It'll do what it did last time. It's never symmetrical not. Everybody gets as rich as everybody else. But everybody got richer. So the the added that the rising tide lifts all both is true. Histories shown that that'd be the case. Africa gets richer. India gets richer but the richer countries get richer to start from a higher base. The bbc g boston consulting group did a really interesting survey a couple of years ago at the effect of smartphones in emerging markets and frontier markets. And you will be surprised to find out that what did for a lot of them wasn't so much a social media. It was like an economic lubricant for small businesses starting because they had access to information that they could exchange and trade and do things that were far faster and easier. That could ever have done before. Because you could distribute the network at a velocity. That was impossible was a wired network. So they've the mapping of economic growth in emerging markets because of the advent of just simple functions in a smartphone is already clear and that's just the beginning at all of course we're back the energy so you get richer was the first thing you do you buy an air conditioner and you buy a car and you buy bigger. You buy a house or a bigger house. Those things are massive consumers of energy. Yeah now i've always said that. A lesser developed country. If your dad gets the first car in the village and you get to take out the head cheerleader. You will do anything for the rest of your life to drive. A car is not going to be a question about that. So we're going to need a lot of energy that slaps right into the middle of energy transition and so just thrown some random questions out. But i'll make make you you guys angstrom is. Are we polluting the environment with burning oil and gas if so how are we going to deal with that pollution. You guys know what's going on with with energy transition. Greta all of that. How are we going to navigate that in this world where everybody wants. Mtv's cars and Cell phones yeah so energy transitions. Obviously become a very popular catchphrase. I think it's more energy additions. I again. I don't think any of us think that oil and gas is going anywhere. I don't think any la- at least i don't think coal is going anywhere off. Just to put a put a put a thing on their a an astro on there. I agree with you. We're going to keep using oil gas. 'cause at the end of the day john kerry is not going to stop flying a private plane. Neither as leonardo dicaprio. Just not going to happen but are we potentially polluting the environment. There will cause a catastrophe..

bbc g boston consulting group mets europe Africa united states India Greta Mtv la john kerry leonardo dicaprio
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

03:07 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"We synthetic classes of materials. That are astonishing. We'd be me make bio compatible things that we can Implant eat and put it the food that was possible ten years ago so the three classes of of of technologies are changing contemporaneous. That what makes the mets gonna change the united states in europe. That much it will change the important thing is. It'll do what it did last time. It's never symmetrical not. Everybody gets as rich as everybody else. But everybody got richer. So the the added that the rising tide lifts all both is true. Histories shown that that'd be the case. Africa gets richer. India gets richer but the richer countries get richer to start from a higher base. The bbc g boston consulting group did a really interesting survey a couple of years ago at the effect of smartphones in emerging markets and frontier markets. And you will be surprised to find out that what did for a lot of them wasn't so much a social media. It was like an economic lubricant for small businesses starting because they had access to information that they could exchange and trade and do things that were far faster and easier. That could ever have done before. Because you could distribute the network at a velocity. That was impossible was a wired network. So they've the mapping of economic growth in emerging markets because of the advent of just simple functions in a smartphone is already clear and that's just the beginning at all of course we're back the energy so you get richer was the first thing you do you buy an air conditioner and you buy a car and you buy bigger. You buy a house or a bigger house. Those things are massive consumers of energy. Yeah now i've always said that. A lesser developed country. If your dad gets the first car in the village and you get to take out the head cheerleader. You will do anything for the rest of your life to drive. A car is not going to be a question about that. So we're going to need a lot of energy that slaps right into the middle of energy transition and so just thrown some random questions out. But i'll make make you you guys angstrom is. Are we polluting the environment with burning oil and gas if so how are we going to deal with that pollution. You guys know what's going on with with energy transition. Greta all of that. How are we going to navigate that in this world where everybody wants. Mtv's cars and Cell phones yeah so energy transitions. Obviously become a very popular catchphrase. I think it's more energy additions. I again. I don't think any of us think that oil and gas is going anywhere. I don't think any la- at least i don't think coal is going anywhere off. Just to put a put a put a thing on their a an astro on there. I agree with you. We're going to keep using oil gas. 'cause at the end of the day john kerry is not going to stop flying a private plane. Neither as leonardo dicaprio. Just not going to happen but are we potentially polluting the environment. There will cause a catastrophe..

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

04:59 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"I think natural gas will be even higher than that. So i think we're going to be using more oil and gas than that anytime in the past. I think we'll also be using more solar women anytime in the past but ultimately humanity needs a lot more energy. And you know. I think we as a as a people we focus too much on the recent past And we focus too much on our immediate surroundings. And i think what i get excited about as you have. Eighty percent of the world's population lives in abject poverty relative to the united states conditions and uses extremely little energy. And what that means is that those people get a little richer that it's pretty much a linear correlation that you get richer use more energy and so as eighty percent of the world's population not to mention the population's gonna keep growing but as as that eighty percent gets a little bit richer every year they're gonna use a little bit more energy per person every year and as you multiply that a little more energy per person by a lot of people that's a lot of energy and so that's what i get excited about in what we're doing. Is that if we can make that. Huge consumption of energy mark likes to say the you know the the that vacuums sucking sound of energy. We make that a little bit more efficient than that's market we get. I come back to you because you're going to have to give me just a wild forecasts but we'll go around the room and hear about the next five years before we come come back to you. I am going to triple down on. This people mocked me on twitter. Because to that point always say poor. People wanna have their mtv to you. Know that's why we run the free war and all won the cold war and the like and of course people are on twitter. Do nobody watches. Mtv tripling down. Everybody wants their tv ryan. What do you think what do the next five years really mean. I share very similar view. Jeremy i think you know. At the highest level population grow energy demand consumption will grow and we need increased energy output from all sources And i think oil and gas is going to be a big piece of that. I think other forms of energy are going to grow at a arguably more rapid pace but still be a smaller piece of as they are now the overall pie the pie simply going to get bigger and we need to find ways to to fill that so yeah. We're we're bullish on all forms of energy. I think kohl's going to grow to and cuban music more coal five years from now today you ask what what are these forms of energy displacing displacing burning of wood or dung or other things that you would prefer not to burn because there's significant pollutants associated with it or a horse. Yeah or you're placing walking with your legs with getting motorbiking policing your motorbike with at you. Know ford fiesta with a camera and then ultimately driving a suburban you know There's a long way to go for four..

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

04:59 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"I think natural gas will be even higher than that. So i think we're going to be using more oil and gas than that anytime in the past. I think we'll also be using more solar women anytime in the past but ultimately humanity needs a lot more energy. And you know. I think we as a as a people we focus too much on the recent past And we focus too much on our immediate surroundings. And i think what i get excited about as you have. Eighty percent of the world's population lives in abject poverty relative to the united states conditions and uses extremely little energy. And what that means is that those people get a little richer that it's pretty much a linear correlation that you get richer use more energy and so as eighty percent of the world's population not to mention the population's gonna keep growing but as as that eighty percent gets a little bit richer every year they're gonna use a little bit more energy per person every year and as you multiply that a little more energy per person by a lot of people that's a lot of energy and so that's what i get excited about in what we're doing. Is that if we can make that. Huge consumption of energy mark likes to say the you know the the that vacuums sucking sound of energy. We make that a little bit more efficient than that's market we get. I come back to you because you're going to have to give me just a wild forecasts but we'll go around the room and hear about the next five years before we come come back to you. I am going to triple down on. This people mocked me on twitter. Because to that point always say poor. People wanna have their mtv to you. Know that's why we run the free war and all won the cold war and the like and of course people are on twitter. Do nobody watches. Mtv tripling down. Everybody wants their tv ryan. What do you think what do the next five years really mean. I share very similar view. Jeremy i think you know. At the highest level population grow energy demand consumption will grow and we need increased energy output from all sources And i think oil and gas is going to be a big piece of that. I think other forms of energy are going to grow at a arguably more rapid pace but still be a smaller piece of as they are now the overall pie the pie simply going to get bigger and we need to find ways to to fill that so yeah. We're we're bullish on all forms of energy. I think kohl's going to grow to and cuban music more coal five years from now today you ask what what are these forms of energy displacing displacing burning of wood or dung or other things that you would prefer not to burn because there's significant pollutants associated with it or a horse. Yeah or you're placing walking with your legs with getting motorbiking policing your motorbike with at you. Know ford fiesta with a camera and then ultimately driving a suburban you know There's a long way to go for four..

twitter united states Mtv Jeremy ryan kohl fiesta ford
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

04:44 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"That lets you do things now. It was impossible in it nine nine for chump change. That's a big difference. I said that's a change of a profound significance. That is just beginning to be felt. It wasn't it didn't exist in one thousand nine hundred nine. the cloud is is. We're sort of living at today whether it's disintermediating hotels with airbnb or taxes with uber. That's a cloud function that didn't exist before two thousand eight thousand nine. It didn't exist as cheap tool until about two thousand and ten twelve so it's a really new infrastructure that exists that businesses are now taking advantage of special out just beginning just beginning to roll through systems of all kinds had a engineering partner at cain anderson that used to say oilfield mysteries bullshit. There's not a mystery. You just don't have the ability to gather the information to solve the problem because i mean you forget with three d. seismic back in the late nineties me. You see these structures for the first time and all that i mean i think they had about a fifty foot gap in actually and it was interpolated between so if you think of three hundred foot. Contour that you're going after me. Yeah basically six points of data so to your to your point you just couldn't you couldn't get better sound waves in the in the three d. seismic to be able to image it as precise as you want so what was just imaging three d data as you know it means ryan pointed out we would look at people processes. You know you look at you if you want to know where somebody is or a piece of equipment is it's easy to do not everybody else at right. It's your anonymous data of human beings because everybody carries a smartphone but the same kind of gps location. Same time accelerometer mapping of movements is now available for chump change in any physical thing that was that was impossible just ten years ago so those tools exist they didn't exist then and the ability to talk with that much data. You couldn't have done. Couldn't afford that if you're a small startup company. They can afford it now. So that really There is the roadmaps were known in one thousand nine hundred nine. They were not a nineteen fifty people people understood. This is what i'd like to do. The technology didn't exist now does which is part of the reason. I think when. Jeremy pointed out you sort of look at the people that know what to do with this tool kit. That's that's that's where the magic happens because essentially everybody has access to the same toolkit. Now there's not that much magic yesterday new stuff to advanced but in terms of things you're going to use every day in an industrial environment..

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

04:28 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"The cloud is is. We're sort of living at today whether it's disintermediating hotels with airbnb or taxes with uber. That's a cloud function that didn't exist before two thousand eight thousand nine. It didn't exist as cheap tool until about two thousand and ten twelve so it's a really new infrastructure that exists that businesses are now taking advantage of special out just beginning just beginning to roll through systems of all kinds had a engineering partner at cain anderson that used to say oilfield mysteries bullshit. There's not a mystery. You just don't have the ability to gather the information to solve the problem because i mean you forget with three d. seismic back in the late nineties me. You see these structures for the first time and all that i mean i think they had about a fifty foot gap in actually and it was interpolated between so if you think of three hundred foot. Contour that you're going after me. Yeah basically six points of data so to your to your point you just couldn't you couldn't get better sound waves in the in the three d. seismic to be able to image it as precise as you want so what was just imaging three d data as you know it means ryan pointed out we would look at people processes. You know you look at you if you want to know where somebody is or a piece of equipment is it's easy to do not everybody else at right. It's your anonymous data of human beings because everybody carries a smartphone but the same kind of gps location. Same time accelerometer mapping of movements is now available for chump change in any physical thing that was that was impossible just ten years ago so those tools exist they didn't exist then and the ability to talk with that much data. You couldn't have done. Couldn't afford that if you're a small startup company. They can afford it now. So that really There is the roadmaps were known in one thousand nine hundred nine. They were not a nineteen fifty people people understood. This is what i'd like to do. The technology didn't exist now does which is part of the reason. I think when. Jeremy pointed out you sort of look at the people that know what to do with this tool kit. That's that's that's where the magic happens because essentially everybody has access to the same toolkit. Now there's not that much magic yesterday new stuff to advanced but in terms of things you're going to use every day in an industrial environment..

cain anderson airbnb ryan Jeremy
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

05:27 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"I don't know if you remember those but we met in the late nineties. I was at stevens ryan. Oil was twelve. So i stopped being an oil and gas guy and what i figured out was the internet was taken off stevens had really good internet analysts and i figured if there was some place. The internet touched a hydrocarbon yup iconic could go in and hold my own discussion and ultimately morph into the theory was. We just needed upgrade the grid. You know we couldn't have three nine zero reliability. We need to have five or seven or however many nine you needed and we kind of built a business out of that. We invested in some flywheel flywheel battery company. We invested in power probably. Oh it was active power. Yeah i was Ended the actor. Power guys yeah the so i. I remember that. Because peter. And i my partner in crime writing the book the bottom well back shortly after that here in running a tech investment newsletter at that time called the digital power report and so we actually covered acta power recovered cre- we covered rockwell automation spun out. We covered we had proton energy. You wound up going public money on that and the best deal. I thought we invested in with silicon energy the energy management software company and we got our money back and it was a home run. I mean because it was a great technique and this this is leading to to what i want to ask you guys about. Silicon energy was this amazing energy management software company. It sat on of the enterprise talked to accounting control systems. You could import whether data. You could do everything. So pick neiman. Marcus for instance neiman. Marcus could see that you know it's going to be hotter than normal and in houston so they turn up the it's going to be cooler. Turn it down at allow them to really manage their energy. Costs just phenomenal. I mean we sold this to walmart and walmart in terms of one of the software systems. Walmart's sophisticated come a. Did you know that every light in every store and every walmart in the world is turned on and off in bentonville germain day of the control system do they set all the seas. Even walmart didn't have enough talent and sophistication to use. Solo can energy software for all it could do and so what happened is software kind of language..

"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

05:27 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"I don't know if you remember those but we met in the late nineties. I was at stevens ryan. Oil was twelve. So i stopped being an oil and gas guy and what i figured out was the internet was taken off stevens had really good internet analysts and i figured if there was some place. The internet touched a hydrocarbon yup iconic could go in and hold my own discussion and ultimately morph into the theory was. We just needed upgrade the grid. You know we couldn't have three nine zero reliability. We need to have five or seven or however many nine you needed and we kind of built a business out of that. We invested in some flywheel flywheel battery company. We invested in power probably. Oh it was active power. Yeah i was Ended the actor. Power guys yeah the so i. I remember that. Because peter. And i my partner in crime writing the book the bottom well back shortly after that here in running a tech investment newsletter at that time called the digital power report and so we actually covered acta power recovered cre- we covered rockwell automation spun out. We covered we had proton energy. You wound up going public money on that and the best deal. I thought we invested in with silicon energy the energy management software company and we got our money back and it was a home run. I mean because it was a great technique and this this is leading to to what i want to ask you guys about. Silicon energy was this amazing energy management software company. It sat on of the enterprise talked to accounting control systems. You could import whether data. You could do everything. So pick neiman. Marcus for instance neiman. Marcus could see that you know it's going to be hotter than normal and in houston so they turn up the it's going to be cooler. Turn it down at allow them to really manage their energy. Costs just phenomenal. I mean we sold this to walmart and walmart in terms of one of the software systems. Walmart's sophisticated come a. Did you know that every light in every store and every walmart in the world is turned on and off in bentonville germain day of the control system do they set all the seas. Even walmart didn't have enough talent and sophistication to use. Solo can energy software for all it could do and so what happened is software kind of language..

stevens ryan stevens Silicon energy rockwell automation Marcus walmart peter neiman houston Walmart bentonville germain
"mark mills" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

03:33 min | Last month

"mark mills" Discussed on Oil and Gas Startups Podcast

"I call jeremy and were you again. I was i was at a hotel can no longer afford but someone else's paying for it at the time has on a business trip in hong kong at the peninsula hotel which is low hotel and in hong kong when it's morning here and you're on your way to work in hong kong. It's you know close to middle of the night and you're on your way to bed in germany. i think that a big night And i like all right man about to go do this or or are you sure. Of course sounds great. So thankfully liquid courage on his side and then ended up doing so mark. You seem to be the adulthood condone. Such drinking and i was guilty of aiding them on so this It's interesting because i been in a venture fund before and doing a lot of tech it investing both hardware and software and and figured out how to make all the mistakes that you could make by. Having made most of the mistakes you can make an adventure investing but when we talk about this idea because it was. It's an obvious idea hindsight. Everybody's agrees now. The oral fields in industrial sector in general has to digitalize getting more digitalized more software. But it's not so obvious that you can start a find define investment opportunities and. It's not so easy to do that. So i was guilty as the guy we're talking about is how you can do this. I mean you guys just quit. it's just do. It might easy to raise not a problem. You go girls. How wave ha sounds like a man with the no variety. Yes it was interesting because they both came from Complementary backgrounds me ryan was an operating company. Jeremy didn't do anything useful. I worked at an investment investment. Now he worked for for billion. That's one of my favorite quotes of all time. Investment banking just the art of stating the obvious with an air of discoveries. Exactly so but but really being evolved in the industry on the finance side you. It's sobering because it's a cyclical industry. Oil i everybody in the office knows it's cyclical finances critical in any business but really it is an oil. So it's it's. It's pretty sobering experience. And i've done enough venture to know frankly to be honest with you know it. It's hard right. It's not easy to do Investing in earlier stage companies heart. It's harder in some senses. Big returns big opportunity. But it's it's it's harder than and being simplistic just looking at spreadsheets. And saying willis's this looks like ed well-managed business the finances. Look by like the. I are because you know what their debt is. You know what their returns are. You don't know those things in early stage companies. Yeah no. I've heard it referred to as you don't wanna be too smart you'll get scared Investing in that what was the earlier. Vc fund that you work with if you can name name is called digital power capital. We did a couple dozen deals and everything from silicon carbide and millimeter wave. Radar that Is part of five g and navigating cars the software to control Data centers power systems pretty omnivorous but all tech related stuff but hardware and software. 'cause that's when you and i met..

hong kong peninsula hotel jeremy germany ed well Jeremy ryan willis
U.S. considers blacklisting China's largest chipmaker as tech tensions escalate

Bloomberg Daybreak

00:52 sec | 11 months ago

U.S. considers blacklisting China's largest chipmaker as tech tensions escalate

"Manufacturer, Semiconductor Manufacturing International Corp. Slid more than 20%. And that was on reports The Trump administration is considering black listing the company. We get more that from Libertes, Mark Mills, The Washington Post says. The Defense Department is working with other agencies to see whether SM I seize actions warrant adding it to Washington's entity list. That's the same list the Trump administration has used to punish China's waterway. It effectively blocks US companies from selling technology to companies on the list unless they get a license to do so. Last month, a Virginia defense contractor said Shanghai based SM I see as a number of ties to China's defense industry, including a relationship with C. E. TC, a state owned developer of military electronics. Says it's technology is not for military use. Mark Mills Bloomberg Radio.

Mark Mills Semiconductor Manufacturing In Defense Department China Bloomberg Radio Washington The Washington Post Virginia C. E. Tc Developer
Lufthansa and German government agree on $9.8 billion rescue package

Bloomberg Daybreak: Asia

00:31 sec | 1 year ago

Lufthansa and German government agree on $9.8 billion rescue package

"Germany is offering Lufthansa and nine point eight billion dollar bailout we get more from Bloomberg's mark mills the package involves an initial twenty percent government stake in Lufthansa the could rise in the event of a takeover the plan which requires European Union approval and will almost certainly be challenged by rival airline such as Ryanair give Germany an effective veto over company strategy German finance minister Olaf Scholz says the company's investment would be temporary and he stressed that the timing of the next it would depend on the pace of Lufthansa's economic

Germany Lufthansa Bloomberg Ryanair Olaf Scholz European Union Finance Minister
Defense secretary says U.S. is not pulling troops out of Iraq

The Michael Medved Show

00:25 sec | 1 year ago

Defense secretary says U.S. is not pulling troops out of Iraq

"It was an honest mistake that's the explanation from the Pentagon about confusion over the possibility of US troops leaving Iraq with Mideast tensions running high a draft letter from a U. S. military official stated that American troops would be repositioning forces to prepare for onward movement but joint chiefs chairman mark milling says the message was sent in error and defense secretary Marquess were emphasizes the US troops are not leaving

Pentagon Iraq Official Mark Milling Marquess United States Chairman
Tensions rising in the Middle East after embassy attack

Bloomberg Daybreak

02:10 min | 1 year ago

Tensions rising in the Middle East after embassy attack

"Carried it is risk off across global markets after that U. S. airstrike in Iraq killed one of Iran's most powerful generals let's get the very latest now from Bloomberg's mark mills Qassem Soleimani the head of Iran's elite Quds force was killed in an air strike at Baghdad's International Airport and attacked the Pentagon says was ordered by president trump to Jersey democratic senator Cory Booker said solemn money at American blood on his hands he's quiet planned and executed attacks on American citizens American soldiers sum of money was a huge figure in Iranian military and political affairs the death of Saddam on a heightened fears that rising tensions between the US and Iran could lead to an armed confrontation mark mills member daybreak remark thank you those fears of an armed confrontation are well founded according to Barbara son of and she senior fellow at the Atlantic council and director of the future of around initiative you no this is the worst it's been in forty years in my view the worst it's been since Iran held American hostages at or in the city this is a huge crisis I'm not sure Donald Trump understands the implications of what he has unleashed we have to see what happens in Iraq how does the Iraqi government survive this you know it wasn't just because of the money was assassinated but also a very prominent Iraqi head of one of these militias and someone with a great deal of political power as well we're going to see the rebels flowing out from this for a long time Iran's top leaders all condemned the attack was supreme leader Ayatollah Ayatollah Ali Khamenei vowing to eventually monies death global stocks fell immediately on word of the attack beginning in Asia here with Morris Bloomberg Selena weighing in our Beijing bureau good morning Selena good morning Megan and Karen the risk on sentiment that ushered in the new year took a hit as tensions flared in the Middle East stocks in Asia reversed gains in treasury futures advanced the risk off move was given extra momentum when a Ron's leader said severe retaliation awaits the commanders killers the US airstrike lifted London's Brent crude to as much as sixty nine dollars a barrel the highest since the attacks on Saudi Arabian oil infrastructure in September gold prices rose and again strengthened in Beijing I'm Selena weighing Bloomberg

Asia Brent Middle East Beijing Barbara Mark Mills Senator Jersey President Trump London RON Karen Megan Morris Bloomberg Selena Iraq Ayatollah Ayatollah Ali Khamen Iraqi Government Donald Trump Director
Trump signs off on tariff deal with China

WBZ Afternoon News

00:45 sec | 1 year ago

Trump signs off on tariff deal with China

"A check on wallstreet mark mills is at Bloomberg the S. and P. five hundred and nasdaq closed at record highs on renewed optimism that the US and China have reached a deal and they're costly trade war Bloomberg news reports that president trump signed off on a so called phase one trade deal with China averting the December fifteenth introduction of a new wave of US tariffs on about a hundred sixty billion dollars of consumer goods according to people familiar with the matter the Dow rose two hundred twenty points to twenty eight thousand one thirty two the S. and P. five hundred up about nine tenths percent to a record high the nasdaq gained three quarters of a percent also setting a record Bedford based I robot game six percent today they're getting a boost from news that those tariffs that were set to kick in on Sunday will now be off the table I'm mark mills Bloomberg business on WBZ Boston's

Mark Mills United States China Donald Trump Boston Wallstreet Bloomberg President Trump Mark Mills Bloomberg Hundred Sixty Billion Dollars Three Quarters Six Percent
Trump ratchets up anti-impeachment rhetoric as troubles mount

Bloomberg Daybreak

00:25 sec | 1 year ago

Trump ratchets up anti-impeachment rhetoric as troubles mount

"May then president Donald Trump ratcheted up his attacks on lawmakers pursuing a whistle blower complaint more from Bloomberg mark mills in a Tuesday evening tweet trump said as I learn more and more each day I'm coming to the conclusion that what is taking place is not an impeachment it is a coup the tweet marked the seventh time this year that he's tweeted that has been the subject of a coup attempt but the first since a scandal erupted over his interactions with Ukraine's

Donald Trump Mark Mills Ukraine President Trump Bloomberg
US stocks finish higher after Thursday swings

Sean Hannity

00:58 sec | 2 years ago

US stocks finish higher after Thursday swings

"Stocks finished the day higher after getting whipsawed throughout the session on concerns about the prospect of a global recession the S. and P. five hundred FTSE one more than one percent from its high to its low for the twelfth straight day in heavy volume before finally ending the day up the ten year treasury note yields slid below one and a half percent for the first time in three years trade headline said investors on edge low volatility has gripped markets for most of August since Donald Trump escalated his trade clash with China Walmart strong quarterly results and July retail sales the top estimates did give bowl some ammunition but big declines wait on indexes as General Electric sank more than ten percent on accusations of financial fraud which the company denies Cisco Systems fell eight point six percent after planning a slowing global economy for a weak outlook here's how they finish the Dow Jones industrials gained ninety nine points to twenty five thousand five seventy nine S. and P. five hundred up a quarter percent the nasdaq was down about a tenth of a percent mark mills

Donald Trump General Electric Fraud China Walmart One Percent Six Percent Ten Percent Three Years Ten Year
Warren Buffett is lying in wait. Berkshire Hathaway has $122 billion in cash

Bloomberg Law

00:38 sec | 2 years ago

Warren Buffett is lying in wait. Berkshire Hathaway has $122 billion in cash

"Berkshire Hathaway chairman and CEO Warren Buffett has described his collection of businesses as a Niagara of cash generation right now he can't keep up with the deluge Bloomberg's mark mills has the story Berkshire Hathaway reached a new record with a cash pile of one hundred twenty two billion dollars it may not be the worst problem to have but buffet has been struggling to find enough well priced acquisition targets to keep up the growth that allowed him to be broader markets for decades the growing cash piles shows the prosperity of the businesses the buffet has assembled under one roof but he has acknowledged that having more than a hundred billion dollars earned little return for several years weight is on the company's rate of

Chairman And Ceo Niagara Bloomberg Mark Mills Berkshire Hathaway Warren Buffett One Hundred Twenty Two Billion Hundred Billion Dollars
Flooding hits New Orleans as possible hurricane looms

Bloomberg Daybreak: Asia

00:38 sec | 2 years ago

Flooding hits New Orleans as possible hurricane looms

"And New Orleans Hunkers down for massive rain and possible serious flooding with that another global news here's mark mills in the Bloomberg news or one thank you a storm in the Gulf of Mexico that's already flooding New Orleans could grow into a hurricane before slamming into Louisiana this week drenching the region with as much of a foot of rain and causing almost a billion dollars in damage Texas governor Greg Abbott is warning coastal residents of his state to be prepared begin preparing your property begin preparing your supplies begin preparing your lines of communication to your family members begin preparing to know exactly where it is that you will be going to an event do you have to

Mark Mills New Orleans Louisiana Greg Abbott Bloomberg Gulf Of Mexico Texas Billion Dollars
Berkshire Ramps Up Stock Buybacks as Cash Pile Keeps Growing

Bloomberg Law

00:40 sec | 2 years ago

Berkshire Ramps Up Stock Buybacks as Cash Pile Keeps Growing

"Warren Buffett says he's looking at the private sector to reform healthcare. He made his comments at his Berkshire Hathaway investor conference in Omaha today. Berkshire sitting on a cash pile of more than one hundred fourteen billion dollars spent the first quarter snapping up more of its own stock. We get that story from Bloomberg's Mark mills buffet has historically preferred to spend Berkshire Hathaway's cash hoard on acquiring new companies rather than buying back Berkshire's own shares, but this past quarter, the Amaha based conglomerate repurchase one point seven billion dollars of shares as Berkshire has grown into a seven hundred thirty nine billion dollar behemoth. The billionaire investor is founded harder to uncover attractive deals that move the needle for

Berkshire Hathaway Berkshire Warren Buffett Omaha Bloomberg Mark Mills Amaha Seven Hundred Thirty Nine Bill One Hundred Fourteen Billion D Seven Billion Dollars
SpaceX launches supply capsule to International Space Station

Bloomberg Opinion

00:39 sec | 2 years ago

SpaceX launches supply capsule to International Space Station

"Elon Musk's SpaceX technologies has launched its seventeenth commercial resupply. Mission to the international space station for its longtime customer NASA. We get more on that from Bloomberg's Mark mills. The falcon nine rocket and dragon space capsule. Rumbled aloft at two forty eight AM local time from Cape Canaveral air force station in Florida. The dragon will deliver almost three tons of science supplies, and hardware, according to NASA and is slated to attach to the station on Monday space x recovered falcon nine first stage on a drone ship in the Atlantic. Ocean SpaceX and Boeing have contracts with NASA to ferry American astronauts to the space station

Nasa Spacex Elon Musk Cape Canaveral Bloomberg Mark Mills Atlantic Boeing Florida Three Tons
Nominees are in for Razzie Awards

Bloomberg Businessweek

00:46 sec | 2 years ago

Nominees are in for Razzie Awards

"The r rated puppet comedy, happy time murders and the pro Republican death of a nation for which Donald Trump got a worst actor Lincoln was elected to unite a country and stop slavery Democrats assassinated him. Now, they're targeted winners will be revealed February twenty third I'm Scott Carr. Four people are on trial in Paris over an alleged scheme that fed consumers across Europe cheap. Horsemeat fraudulently labeled as beef the accused deny any wrongdoing. John trout, and I'm Mark mills. In the Bloomberg radio newsroom. The International Monetary Fund. And cut its forecast for the world economy predicting it will grow at the weakest pace in three years in two thousand nineteen and warning fresh trade tensions would spell further. Trouble in its second.

Democrats Donald Trump International Monetary Fund Scott Carr Lincoln Bloomberg John Trout Mark Mills Paris Europe Three Years
Mark Mills, Twitter and Bloomberg discussed on Masters in Business

Masters in Business

00:18 sec | 2 years ago

Mark Mills, Twitter and Bloomberg discussed on Masters in Business

"Federal judge. In New Jersey ruled Friday, the decision was a victory for generic drug companies, including tebow pharmaceutical my land amnio pharmaceuticals global news twenty four hours a day on air now tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Mark mills bis. Is bloomberg.

Mark Mills Twitter Bloomberg New Jersey Tebow Twenty Four Hours
China, Brunson and Mark Mills discussed on Bloomberg Businessweek

Bloomberg Businessweek

02:53 min | 3 years ago

China, Brunson and Mark Mills discussed on Bloomberg Businessweek

"Economic sanctions on Turkey over the Brunson imprisonment China won't use its currency is a tool to deal with trade conflicts. According to central Bank, governor Ye gang as a tariff war between the US and China intensifies said China will continue to let the market play a decisive role in the formation of the R N B exchange rate. Global news twenty four hours a day on air and at tick tock on Twitter, powered by more than twenty seven hundred journalists and. Analysts in more than one hundred twenty countries. I'm Mark mills. This is Bloomberg.

China Brunson Mark Mills Twitter Bloomberg Turkey United States Twenty Four Hours
Bloomberg, SoftBank and Donald Trump discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

02:18 min | 3 years ago

Bloomberg, SoftBank and Donald Trump discussed on Bloomberg Daybreak: Asia

"China. Also, SoftBank in talks to buy a majority stake in we work. That's according to the Wall Street Journal, SoftBank would commit fifteen to twenty billion dollars in the co working startup and pimco says go after emerging markets. So that might inspire investors. I have to say we're kind of stuck in neutral here in the equity markets. We do have the Nikkei slightly higher is less than a tenth of a percent, though, just twelve points, Australia, flat. New Zealand is down about a third of one percent. The kospi is trading down about six tenths of one percent. So not a lot of movement. The Bloomberg dollar spot index is flat. The ended strengthen little against the dollar Dalian. Now one twelve ninety seven euros trading. Back over a dollar fifteen US the AUSSIE dollar down to seventy one point one seven you mentioned that oil to oil is down about a quarter of one percent in on the Chinese currency. Not too much movement there either the offshore currency trading. Six ninety one forty seven against the US star. Let's check of markets not all that much happening. We'll get to all the wise with it with Stephanie Hofer coming up chief investment strategist at LGBT Bank. That'll be in a few short minutes. But for now, let's get a news update. Twelve minutes before the top of the hour. Here's Mark mills in the Bloomberg newsroom. Brian. Thanks president. Donald Trump said he had North Korean leader,

Bloomberg Softbank Donald Trump Wall Street Journal Pimco Dalian Stephanie Hofer United States Mark Mills President Trump Lgbt Bank New Zealand China. Australia Brian One Percent Twenty Billion Dollars
Reserve Bank of India holds interest rates, rupee falls

Bloomberg Daybreak: Asia

09:15 min | 3 years ago

Reserve Bank of India holds interest rates, rupee falls

"Will proceed. We look at the vehicle factor. If we look at the roadway, we look at survival factors. We look at the the condition of the driver's license of the drivers we look at the operator self the company limo was on its way to a birthday party, a staunch backer of President Trump is taking a commanding lead in Brazil's presidential election on Sunday far-right candidate John Deere, Bolsonaro shot into the lead in Brazil's presidential vote in some of the most divisive elections in the country. According to official results. Former army captain Bolsonaro riding away, but indignation against corruption has forty eight percent of the vote with eighty percent of the votes counted. He needs fifty percent to avoid a runoff, President Trump's celebrated just Justice Brett cavenaugh swearing in. As the new supreme court Justice Democrats. Are regrouping and focusing on the midterm elections on ABC's this week. A key Senate Judiciary committee member Hawaii democrat maisy Hirono address, the cavenaugh confirmation there's going to be on the supreme court with a huge taint and a big Astra's after his name on ABC's this week counselor to the president Kellyanne Conway disputed Hirano's claim Justice cavenaugh should not be seen as tainted. He should be seen as somebody who went through seven FBI investigations, including Justin this last week, another one that was completed this past July had answered twelve hundred written questions had produced about a million pages of documents global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Mark mills. This is Bloomberg. Doug. All right. I'm Doug krizner at Bloomberg interactive brokers studio in New York wanna let you know that the Australian market is up and running they've gone to daylight saving time down under the ASX. Two hundred is off one half. Half of one percent. William has is with us. He is co CEO head of research at PR. See macro, William always a pleasure to have you on the program. I'm curious is what do you make the PVC cutting the amount that banks have to hold in reserve over the weekend is triple are cut. How much has to do with concern about the economy, and how much has can does it have to do with maybe that the equity market falling out of bed potentially? I think both they're both related. I thank you know. So they they tried to downplay the need for this thing this interest. Swap out MLS maturity, isn't it? Also, some treasury deposits but realistically also over the weekend. We saw a major default in us. Bankruptcy of a major steel producer in Tianjin. So that that indicates that the credit narrative hasn't changed that we think the credit narrative is still driving the narrative in addition to the pen speech last week, and this kind of cloud hanging over a lot of industries in China. So we were expecting a triple are cut anyway. But I think after the speech last week, I think that kind of puts it up to the front of their agenda. How do you see this fitting in with the broader story about the trade wars this evidence that it's starting to bite for China? Well, yes. And I think the evidence is also indicating that this is going to go far beyond trade very quickly. And so the pen speech last week. I think it's something that people should really sit down. And listen to even though he's vice president. I think it's a very strong statement from the US and China's definitely taking it seriously. So what that setup is really, you know, an across the board clash of institutional values. And so it's very difficult to go from that to something that you just put into some numbers that reduces the trade deficit. So I think the signals coming out of Washington for a lot of a lot more beyond trade in the next year. So I think this is in the early stages of this whole process. It's interesting. We had a guest the last hour who's indicating that maybe the cloud would lift after the off term elections here in the United States. But I'm sensing that you think this is going to be kind of a protracted fight of sorts. Yes, I disagree with that view think what would pencil saying that this is, you know, I got a fundamental institutional clash, and so that's very difficult to back away from the oh, by the way, all those things are saying about China. They're no longer true. We're just talk about you know, soybeans. And and, you know, high tech stuff that doesn't make sense. So I think this is going to be a defining issue for for for Trump heading through this this first term, and assuming he's got to run for reelection that this is going to be something that he tries to seize on if only to distract attention from a whole range of domestic issues in the US. All right. Well, he when we continue the conversation, I'd like to talk a little bit about monetary policy, particularly from Chinese perspective and the degree to which they may continue to kind of manage the currency. We're seeing some weakness in the offshore Yuan right now at six ninety one thirty five William has his Cosio. He's head of research at PR. See macro, our guest on daybreak Asia. Obviously, it's the first day back for China's markets on the mainland after a week long holiday last

President Trump China William Vice President Doug Krizner United States Head Of Research ABC Captain Bolsonaro Brazil Bloomberg John Deere Official Asia FBI Justice Brett Cavenaugh Twitter Bloomberg Interactive Brokers
China manufacturing weakens amid US tariff battle

00:22 sec | 3 years ago

China manufacturing weakens amid US tariff battle

"I'm Jane Johnson. A loud bang caused by a fallen barrier. Spooks some folks at the global citizen festival in New York yesterday. Some people thought it was a gunshot and people began to flee. I'm Christopher cruise. And I'm Mark mills in the Bloomberg radio newsroom. No one is admitting wrongdoing, but he Lon mosque and the

Lon Mosque Jane Johnson Christopher Cruise Mark Mills Bloomberg New York
US, China Trade War May Hurt US Consumers

Bloomberg Daybreak: Asia

00:50 sec | 3 years ago

US, China Trade War May Hurt US Consumers

"And the US China trade wool, maybe about to make a lot of US household goods more expensive. China may not be hit as hard. We get more from Bloomberg's Denise Pellegrini. If President Trump pulls the trigger on those tariffs targeting two hundred billion dollars in Chinese imports US shoppers could see price increases for dozens of everyday goods, including refrigerators freezers cutlery towels food tobacco carpets bicycles skis. Beauty products cat food and even toilet paper. Chinese consumers may also feel the pain, but not to the same extent. The country's counterpunch on sixty billion dollars imports from the US focuses primarily on manufacturing, chemicals and medical instruments and many of the ready to buy American goods that will be subject to duties by Beijing aren't really mass market. There are things like yacht writing crops and even false

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"mark mills" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 5 years ago

"mark mills" Discussed on Bloomberg Radio New York

"By more than twenty six hundred journalists an analyst in more than one hundred twenty countries i'm mark mills and this is bloomberg hiring people is probably the worst part of my job is ass although searching resorting to resumes most people don't have the right experience we started using the fit per crew about three months ago right from the start you can tell it was going to make hiring a lot easier one plague and my job with players to two hundred plus job board along the top flight all the candidates came to my dashboard and it's easy to compare them on top of alike them down a fight in knowing nelson attachments spurning up doc's phone calls none of that and i can to lead the number of great applicants we got i had personally needed within one week i don't know how we hired before that whether you're looking to fill one position are twenty find the best candidates which recruiter or your job is just one click away from one hundred plus job site three fastest way to hire and right now you can try ship recruiter free just go to ship recruiter dot com slash eleven thirty that ship recruiter dot com slash eleven thirty you're listening to bloomberg business week with carroll master and david booth from bloomberg radio only one squarely to receive is still rolling it than anyone paper tip company pawtucket rhode island the month riding company specializing making paper teams for the military but in twenty fourteen the company was about to close down the plant manager convinced the owners to keep operating and now the company has revenues of one point three million dollars and that includes the pentagon in hollywood a some of its customers from one sack rated if company survive britain grilli.

analyst mark mills bloomberg david booth plant manager pentagon hollywood nelson carroll three million dollars three months one week