19 Burst results for "Mark Mobius"

"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:22 min | 10 months ago

"mark mobius" Discussed on Bloomberg Radio New York

"Punch, and I was going to produce a 6 to 12 inches of rain with isolated maximum of totals of 18 inches through Sunday night. That's across South Texas, and in several Mexican states across the U. S and Mexican border. I'm in caves. And I'm Susanna Palmer In the Bloomberg News Room. New numbers on the Corona virus in New York, New York, reported 750 new cases a 2/10 of 1% increase That's in line with the previous week's average. Iris hospitalizations fell slightly to 646 The state recorded 10 deaths. Former Treasury Secretary Larry Summers says he can't remember when a recovery has been more uncertain than it is right now. Usually the economy his bottom. And you can be pretty confident that it's gonna go up for a while. This time. I don't think so. Given what we're seeing in the data unemployment insurance claims too sweet. And, more broadly, given the uncertainty about the course of a pandemic. Summers was interviewed on Bloomberg Wall Street Week. He predicts the biggest falloff in stimulus if Congress doesn't act strongly and quickly, and he says that the length of the relief is more important than its size. Beijing slammed to the forced entry to its used in consulate by U. S personnel on Friday evening and value respond as necessary. Federal agents and local law enforcement authorities broke into the consulate, according to the Houston Chronicle and CNN this after issuing an order last Tuesday that it must close within 72 hours. Newspaper reported that among the personnel on site were some wearing shirts carrying the words. U. S Department of State. Beijing said that the U. S had broken diplomatic conventions by entering China's national property. The pandemic of 2020 is showing up as the driving force behind one of the most ferocious rallies the gold market has ever seen. At the close of trading in New York yesterday, bullion had spiralled to 19 0 Tuo to announce that some 30% higher than the low it hit back in March and just over 1% off a record high set in 2011. Mark Mobius is co founder of Mobius Capital Partners that would be buying now and continue to buy global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, This is Bloomberg. Hi, I'm Danica Patrick. Watching.

Larry Summers Bloomberg New York Susanna Palmer Beijing Danica Patrick Mark Mobius South Texas Mobius Capital Partners Houston Chronicle CNN U. S Department of State China Congress co founder U. S
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:33 min | 2 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"He's being bird next June Grosso and I'm Ed Baxter the co founder of mobile capital partners, says the emerging market, benchmark index will probably keep falling if the trade war persists, given China's significant waiting Mark Mobius spoke to Bloomberg's David Westin, Alix steel, dramatic move in the US treasuries, also in the bund at the same time, we had China data that was weak in that situation. Where do you go for you? Well, that's a good question. Because at the end of the day, it's in the emerging market space that we have better yields. And of course, it's in those most mis-keyed countries, whether it be Turkey Tina. That's where you're gonna get yield. But unfortunately, it's also align with a lot of risk. So it's getting very, very difficult to find a good yield in these markets. It seems like Mark part of the thesis six months ago is by southeast Asia. But then if you wind up having China data rolling over as well and trade war, how do you buy southeast Asia? They're exactly if you look at the trade in Asia, generally the biggest trading partner for most of those countries is China. So if China is going to be importing less all of these countries are going to be hit. So we have to be very cautious in look at each and every company in those countries to see whether they're going to be affected by the situation in China. So Mark gives us a timeframe that you think about when you start investing in, particularly when it comes to the China US tried trade dispute if this goes on indefinitely for an extended period time other opportunities in for example, southeast Asian countries where there may be supply chains that are altered, we're looking at is places. Like Vietnam places like Bangladesh aware. A lot of the Chinese manufacturers are moving production. So you have an interesting situation where okay exports have low cost goods from China to the US going down because of the tariffs, but that is being moved to these low cost countries. So that's why we would be looking to see opportunities for export is at least in these week currency countries and then further field we're interested in places like Brazil, because lots of reform going on there. And India, those the two countries where you're not going to be very much affected by what's happening in China and the US China trade disputes. So Mark, what's your base case, then for what happens to the UN and how you playing that at all? Well, I think that the situation now is so liquid and so difficult is because China US you're going to have to be very cautious when you look at individual companies that depend. And on exports to China oil exports from China to the US. So that's the reason why clauses and you can see. The Chinese market is down as a result of this, and I think the emerging markets index will be continuing down if this continues because China now represents about thirty percent of the index marketing Trump over the opportunities in emerging markets. We're seeing a lot of funds flowing out emerging markets right now. I really pretty dramatic shift there. How do you take advantage of that without trying to catch a falling knife? That's a cushion, you know, the problem is, is that most of the funds, of course, are index funds, ETF's, and the depends on the index and the index depends on China because as I said, thirty percent is China. So China goes down the index goes down, which is intact. What's happened? So it's understandable. So what we do as active investors say, look, we're not gonna follow any index. We're going to go after these countries and companies. These that I'm not going to be affected, and therefore we can escape. From this downturn you escape an African. Yeah. Africa is very interesting. Now there are a lot of countries there that are beginning to look, much better before the problem with Africa. Of course, is liquidity. Do you differentiate between services or any companies and manufacturing? So, for example, Bangladesh or south southeast Asia, or are you talking about manufacturing? Yes, primarily manufacturing export oriented manufacturing and consumer goods because with the greater employment higher wages as result of this expert push. We're very interested in low cost consumer goods things like hair oil. Keep cosmetics that sort of thing that was Mark Mobius Moebius capital partners co founder and partner and coming up. Nobel laureate. Michael,.

China Mark Mobius US southeast Asia co founder Bangladesh David Westin Turkey Tina partner Bloomberg Grosso Brazil Africa UN Vietnam Ed Baxter India Nobel Michael
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:44 min | 2 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"Weekend. Thank you very much for that. Let's get into some of our big conversations joining us. Now, the London studio is Louise's deadly Hermes equity portfolio managers. Thanks for coming on the program. Let's start with the European Central Bank. Bloomberg intelligence team said that he ECB's forecasts aren't aging. Well, it's time for a downgrade. But they're saying don't expect anything just yet you have to wait for June. Because that's when we might get more details on acquitted measures. I mean, what are you? What are you looking for from Mr. dragging the coming hours? So I think previously what's happened is we've had a bit of signposting ahead of some of these announcements. So it's interesting that we haven't had so much visibility. This time. But at the same time in a week. We're very much kind of in wait-and-see. We're not expecting Tim big surprises. We know everyone's very much on tenterhooks in terms of what's going to come out of it. So a thing would not expecting too much extreme moves in our direction. A lot of the focus is on whether or not we're going to see another round of tell tro these altered cheap loans for European banks. What kind of a game changer without be from your perspective? If and when the actually announces that we did see banking stocks yesterday, for instance, rise as well hopes were ignited, shall we say that? So really in terms of very much focusing on those kind of risk on trades. And we have seen kind of coming out with that trough lots of volatility. So at the point that things are starting to really be a bit more bullish. Can we continue with that is that sustained? And that's really what we're looking for is. Is there some real momentum behind this is it being supported by some of the fundamentals or is it really just because we're coming off such a low bottom. The it was right for there to be a little bit. Mat momentum to bring us back to level is it. I mean, you look at the rebound that's taken place in the last few weeks, and it makes sense for investors to tactically taken some of the chips off the table. I was speaking to Mark Mobius earlier, and he basically cringed when I suggested that there were any opportunities in Europe at the moment, he says it's way too much certainty. There's way on. Nuff growth where are you? See the opportunity in Europe. Yeah. I mean for him. You know, he's a big guy. Expectations on grace thought maybe way above that. Certainly within Europe. They're all laser companies that do have a lot of exposure to those EM markets that you know, he'll always love so much. And that's always been a focus were looking at how companies earning their revenues is that coming in through domestic markets or not when they're all volatilities around currencies, for instance, within the m. That's when some of these companies do struggle at the moment, we've got a strong dollar. So some of those emerging market companies will be struggling because of that themselves. So therefore, we do certainly see opportunities within Europe and within the European space. You know, there's a loss of innovation happening. There's lots of companies that have been investing that have been. Putting a capsule to good use making making. Kind of benefiting from the cheap capital that's available to them. And so we're hoping to see some of the benefits the productivity gains coming three from that in the next couple of years. All right, Louie, Studly, we're gonna continue to this discussion. In a matter of minutes here on Bloomberg radio, east of the equity portfolio manager.

Mark Mobius Europe European Central Bank Bloomberg London equity portfolio manager Bloomberg radio Louise Tim Louie
"mark mobius" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:00 min | 2 years ago

"mark mobius" Discussed on WAFS Biz 1190

"We have soapy Kamarudin in Hong Kong and Niraj Shah in Mumbai. Sophie, let's start with you have a mixed session in Asia. Of course, China not faring that well, actually. Yeah. China certainly not faring very well over the morning session. And it looks like there's more runway than for correction the region, given how tepid the gains have been thus far Asian stocks marginally higher trading mixed while the yen hovers below one twelve we've seen Japanese and Korean share swigging investors way corporate results, the cost fee now down by a tenth of a percent after slipping into a bear market last week down in the wake of this. Recent sell off green regulators saying they will take measures to stabilize capital markets. And the mood is somewhat different in Sydney shares maintaining their Monday advanced after wiping out fifty five billion dollars in market value last week. Now, we have a half hour to go until a greater China equity markets come back online from the lunch break. We'll take a look at how they fared in the morning. Shin shares and Shanghai set to extend losses begging the question then national team Where Art Thou Mark Mobius earlier telling us that more weakness is ahead for Chinese equities. Which would it be surprising? If there are more earnings landmines ahead. Great wall motor as well as multi and if we get additional eco data that points to slowing growth after factory profits came in weaker for fifth straight month, and that is the interest of fashion or we get the official TMI data for October due on Wednesday. Now here in Hong Kong. The Hang Seng hasn't fluctuating after clocking a fifth weekly lost in a row, but Hong Kong's Red October. Then looking to continue hate speech was rising in the morning after third quarter results estimates we are going to see what that may mean for the share price to get. It has been a rough twenty eighteen for the lenders shares last Friday, he just be falling to the lowest level in nearly two years in Hong Kong guys national team Where Art Thou in teed. Well, where is trading at the moment. Let's head over. Neurotic the market. There has been open for a few minutes. Now. Garage. Good morning to.

Hong Kong China Niraj Shah Asia Sophie Mark Mobius Mumbai Hang Seng Sydney Shin official Shanghai fifty five billion dollars two years
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 2 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"But we're gradually moving to a place where they will be neutral not that they'll be restraining the economy, we may go past neutral, but we're long way from neutral at this point. Probably going past neutral, definitely gets your attention there pal. Speaking at an event in Washington hosted by the Atlantic magazine and the Aspen institute. Well, of course, China's markets are closed awake. But we did have some action related to China's Stokes. Nonetheless. The biggest exchange traded fund tracking Chinese stocks tumbled in the US. This is the I shares China lodged cap ATF it sank to a two week low after J P Morgan Chase, downgraded the country's stocks more on the banks school from Bloomberg's Yvonne man J P Morgan Chase is cutting its recommendation on Chinese shares to neutral from overweight analysts, they're forecasting a full-blown trade war between Washington and Beijing is a terrorist will go up the dollar will strengthen and the yen will weaken further. The Bank also lowered its forecast for Chinese economic growth next year to six point one percent from six point two stale. The analysts say don't write off emerging markets. They say double digit, earnings growth and under allocation to the. Class and evaluation discount to develop market equities could spark short-term gains in EM shares. In Hong Kong, I'm Yvonne man. Bloomberg daybreak Asia. Yeah. And we also had so J P Morgan sing full-blown trade. We also had Mark Mobius saying the trade war will yield blood on the tracks. He also thinks they will eventually come to agreement. But he thinks it might be about six months. And now we have from CNN that the US navy proposes a global show of force to warn China for that and all the rest of the global news. Let's get over to Ed Baxter in San Francisco. The nineteen sixty newsroom, he's tracking all the major events of the day. Yeah. Now, let us follow up on..

China Mark Mobius J P Morgan Chase US Washington Ed Baxter Atlantic magazine Aspen institute Bloomberg Hong Kong ATF San Francisco Asia CNN Beijing one percent six months two week
China Stocks fall as the yuan continues to weaken

Bloomberg Daybreak

05:09 min | 3 years ago

China Stocks fall as the yuan continues to weaken

"Nathan and it is a big week for central banks with policymakers in the United States Japan the United Kingdom Brazil and India all set to me Bloomberg's John Tucker is. Here live with details morning John See an interest rates, is expected when Federal Reserve officials. Gather on Tuesday and Wednesday that's according to pricing in federal funds futures. And all but, one of the fifty seven accommodates pulled by Bloomberg get rational testimony earlier. This month. Fed chairman Jerome Powell didn't signal that the economy is overheating or warranted in imminent hike. For an economy that expanded four point one percent of the second quarter. The feds real policy rate is still. Around zero or even slightly negative and despite speculation. The Bank. Of Japan, could. Soon flesh. Out, a plan for adjusting stimulus all forty four economists surveyed predict the b. o. j. will maintain its current setting on interest rates the Bank of England expected to hike even amid Brexit gloom and Brazil's central Bank is, seen a standard Pat India central Bank will probably raise its benchmark rate John Tucker Bloomberg, daybreak John thank, you meanwhile the. Bank of Japan today. Conducted, its third bond purchasing program in a week, by One point six trillion yen worth of. Ten year bonds the central Bank bought the debt stem rising yields after they touched, a nearly eighteen month high of eleven, basis points stocks. In Asia started the week on a negative note has, investors show caution. Ahead of those central Bank, meetings Bloomberg's Juliette Sally reports from our Singapore bureau technology companies in pharmaceutical firms with the biggest drag on the topics, which closed down four tenths of. One percent Chinese companies related to infrastructure construction continued to rally after the. Government unveiled new, measures to aid growth however the CSI three hundred finish down eight tenths. Of one, percent while the on show Yuan added to last week's slump elsewhere Indian Stokes defied the. Downbeat trend the sensex holding onto record highs ahead of an expected rate. Hike from the country's central Bank this. Week, in Singapore Juliet Sally Bloomberg daybreak Juliette thank. You China's. Benchmark Shanghai, composite, as Lund. Eighteen, percent since January high still emerging market investor Mark mobias says he expects Chinese stocks To fall even further in the case of China you've got a, number of problems first of all debt that. Is a big problem for companies in China number two you've got the tech situation with these stocks there's going to be a real, problem because it's such a big part, of the index and the third thing I think is. The trade, war of course that's going to be affecting number of companies and the psychological effect would be even greater Moebius capital partners co founder Mark Mobius, also tells us is keeping an eye on the you want Beijing will likely be tempted to use. The, currency as a weapon in its trade war with the US also on the trade front major car producing nations are set to meet for talks to coordinate, their response to us tariffs sources tell Bloomberg representatives from the European Union Canada Mexico South Korea and Japan convene tomorrow in, Switzerland now discuss. How. To respond. If the Trump administration does impose levies on car imports is another busy week for. Earnings with more than one hundred forty Companies. In the SNP five hundred scheduled to report to. Bloomberg's Charlie, Pellett reports so far upwards of ninety percent. Of companies reporting results of come in above analysts estimates Michael Gino is president of Pacific. Heights asset management earnings revenues are up and that was. Expected I, think so it's not really a surprise I. Think that you get into company specifics and industry specifics with, obviously had some high profile beats of high profile non beats if you will Twitter. Facebook and Intel certainly falling into that category this week we'll be hearing from financial giants including Berkshire Hathaway I n. g. b. m., p. Potter bond MetLife car companies tesla Toyota and BMW and tech giant's apple Samsung and Sony Charlie. Pellett Bloomberg daybreak mad Charlie on today's, docket, we, get results, from fourteen companies in the s.. And p. five hundred including Caterpillar Bloomberg's Jill Schneider has a preview shares of. Caterpillar have been battered by the lingering uncertainty around trade negotiations the company Is expected to top analysts estimates for the ninth street quarter today but the stock may not get a reprieve to last quarter saw good numbers failed to boost caterpillars valuation chill Snyder Bloomberg daybreak. Thank, you a Bloomberg news has learned the. Board of CBS meets today to discuss the future of, CEO les. Moonves says we get the details. From Bloomberg's Ed Baxter Moonves was accused of sexual harassment by six women in a New Yorker article published last week, giving article. Moonves acknowledged there, may, have, been times. Decades ago when he may have made, some women uncomfortable by making advances, but he says. He never used his position to harm anyone's career, sources say, this, is, a regularly, scheduled board meeting CBS, independent, directors have already said they plan to investigate. The claims and, we'll hire an outside law firm to do so in San Francisco I'm Ed Baxter. Bloomberg, daybreak all right Ed thank you straight ahead, we have the latest world and national news and this. Is.

Bloomberg Pellett Bloomberg John Tucker Bloomberg Juliet Sally Bloomberg Bank Of Japan Caterpillar Bloomberg Japan Snyder Bloomberg Federal Reserve Bank Of England China Ed Baxter Moonves Singapore United States Pat India Central Bank Bank Brazil John Tucker
Trump administration announces list of tariffs on $200 billion in Chinese goods

Bloomberg Daybreak: Europe

02:53 min | 3 years ago

Trump administration announces list of tariffs on $200 billion in Chinese goods

"In paris frankfurt brussels all in croatia he i hitched good morning everyone your cratia found you then well i'm half bosnian it's close enough all right all right my wife is french so i have no choice when it comes to who is going to be supporting in the final on sunday anyway let's talk about the markets instead instead of football it had been fairly quiet on the trade front for a few days that's no longer the case officially i can say we're seeing a broad selloff in china focused socks this wednesday as the trump administration is pushing ahead with a plan to race fresh tariffs on chinese imports it means that the shanghai composite index is down by almost two percentage points looking at the broader asian equity space the mci asia pacific index off by nine tenths of one percent the nikkei two to five index also closing in negative territory declining here by one point two percent looking at to the european open european futures to are taking a hit this morning euro stocks fifty futures off by two thirds of one percent the same goes for futures docs futures declining by three quarters of one percent alongside that footsie one hundred futures metals getting hammered in connection with the trade story zinc prices for instance down by more than four percent on the copper also taking your hit by down by three point three percent when it comes to fixed income treasuries are bid this morning we are seeing the ten year treasury yield declining by warner basis points or so a little bit more than that actually two point eight three six percents that's why we're trading at the moment when it comes to those treasury yields when it comes to ethics we all seeing the dollar being bid this morning the bloomberg dollar spot index rising by zero point one six percent the euro is sliding a little bit one spot seventeen thirty six yes usa marcus markets really focusing on the trade story here and that moves onto our top stories the us administration has pushed ahead with plans to impose tariffs on an additional two hundred billion dollars in chinese goods by releasing a list of targeted products while china has yet to formally detail its response to the move an official at the commerce ministry said it will quote strongly oppose the tariffs with countermeasures moebius capsule partners co founder mark mobius as the situation is very critical i believe that it would be a real problem with china going forward the good news is that some emerging market countries will benefit from this just to give an example soybeans new civic export of soya beans a china but argentina could benefit that was moebius capital partners co founder mark mobius meanwhile donald trump has arrived in europe ahead of a nato summit visit to the uk and a one on one meeting with vladimir putin speaking at the white house a helipad he repeated his demand that nato members contribute to larger share of the alliance's budget interesting time in the uk and it's certainly going to be interesting beta.

Paris Frankfurt Brussels Croatia One Percent Two Hundred Billion Dollars One Six Percent Three Quarters Three Percent Four Percent Two Percent Ten Year
"mark mobius" Discussed on KLIF 570 AM

KLIF 570 AM

01:55 min | 3 years ago

"mark mobius" Discussed on KLIF 570 AM

"Rescue anti us trade alliance i'm elliot francis officials overseeing the rescue operation of a soccer team trump in a flooded cave say teaching the twelve boys and their coach to scuba dive may be the only way to get them out of that cave andrew spencer explains instead of waiting months for the rainy season to end rescuers could teach the boys and their coach how do underwater dive but cave rescue expert mr mar mir's says diving inside a cave already dangerous even for experienced divers and now you're looking at taking people who have no experience or very little experience of diving and putting them into a complete blackout situation the boys in their coach or about a half a mile below the surface in more than a mile deep into the cave and the way to the exit is through tight flooded channels through water that is in some areas muddy and fast moving i'm andrew spent there are reports that china is pressing the european union to form an anti us trade alliance or for according to a reuters so far the european aren't interested china reportedly suggesting launching a joint action against president trump's trade tariffs at the upcoming world trade organization a nearly eighty million people are still under a heat advisory or warning right now with scorching temperatures and humidity expected to linger right through the fourth of july holiday meteorologists richard bond we're looking probably parts of new england temperatures still getting up into the nineties getting a chance of some showers and thunderstorms the south east along carolina's we've got an area of low pressure it looks brings some rain and some clouds so there the temperatures while we get up to ninety but you get a little further inland flake tennessee valley and whatnot temperatures will be in the mid nineties where in california federal judge issued a nationwide injunction wednesday at forbids homeland security from separating anymore children from their parents and orders department officials.

us mr mar mir china european union reuters trump richard bond carolina tennessee valley elliot francis soccer andrew spencer president england california
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 3 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"To e for violating sanctions against iran and north korea president trump and pledged to help c t as part of trade negotiations with china denise pellegrini bloomberg daybreak asia china is indicating it what us its currency as a weapon in trade walls we get more on that from bloomberg's yvonne man people's bank of china governor ye gong says china will keep again exchange rate basically stable at a reasonable and balanced level and some qualifying head of the central banks financial research institute says the currency is recent decline is a result of external uncertainties and not what caused by beijing deliberately weakening it to gain an advantage over the us neil mackinnon global macro strategist btv capital says watch what the un does not what policy makers say maybe this is as far as we've gone for now but the real risk is not just a trade war but an outright currency war bloomberg intelligence says it's not clear where china will draw the line on a weakening gin but it says what does appear to be clear is that managed is coming back into the un's managed float in hong kong i'm yvonne man bloomberg daybreak asia all right six minutes here past the hour it's time for a news update the us senate intelligence committee says that russian president vladimir putin did indeed have a hand in meddling in the two thousand sixteen election ed baxter has that story and the rest of the global news from our bloomberg nine sixty san francisco newsroom ed yeah exactly what it says brian the only by partisan congressional investigation into russian meddling backing the intelligence community findings blue bloomberg's jobs object indeed the russians have meddled in the us election at with the approval of mccutchen and the the effort was in fact favoring president trump now did not find collusion with the trump administration but it said it does show a tie between what the russians wanted to have happen in the election and what did happen some us republican senators in moscow on a mission to improve relations ahead of the summit between the presidents senator john kennedy says he has a request for me.

brian senator trump san francisco ed baxter senate yvonne beijing denise pellegrini john kennedy moscow president mccutchen iran vladimir putin us hong kong un btv capital research institute
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:23 min | 3 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"I think russia's one of those kind of out liar emerging market countries for a time it was actually benefiting from a strengthening ruble and lower inflation and lower interest rate that has changed somewhat i think if you step aside from currency and ablation and rape one basic indicator to keep your eye on for russia is the direction of oil prices you know they are producers and exporters of oil and as long as the price of oil remained buoyant russia could be an interesting play regular i think we should say that mark mobius along with now paul krugman and also carmen reinhart among a vast group now who are sort of thumbs down on emerging markets but i think like you they're saying you know be very discerning so oil is one component technology is a is a major component of some emerging markets does that also help lift some of those markets absolutely so i think technology is kind of a megatrend that kind of cuts across regions and countries in arbitrary benchmark definitions so i think emerging markets are really kind of coming up the curve on the technology front point thank you so much for joining us at a tidy leisure equity strategist at oppenheimer funds getting his thoughts on the latest set of a fed minutes look at what's been going on with the turkish fear of course which was after the routed in fell to all time lows before recovering in the section that on wednesday right that's a look at the prospects of the trading day in this part of the world one which is being dominated by some of the artists on those currency markets and dosa treasury yields which below three percent of the ten year and a dollar index on the way up with the bloomberg small business report i'm john tucker brought to you by dell small business mass challenge of boston found a startup accelerator is expanding globally since its first program in two thousand ten mass challenge has accelerated over fifteen hundred startups that have raised over three billion dollars in funding those startups have created two billion dollars in revenue and created eighty thousand jobs the nonprofit offers.

russia mark mobius paul krugman carmen reinhart john tucker boston rape oppenheimer bloomberg dell three billion dollars two billion dollars three percent ten year
"mark mobius" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:58 min | 3 years ago

"mark mobius" Discussed on News 96.5 WDBO

"I tell you something that's been going on as wall street it has been happening on wall street for a long time now many years and yes we've had a few little corrections here and there but overall people are feeling pretty good about things at least it seems fund manager mark mobius tells cnbc that we really need to be prepared though for the worst was he bringing us back to life i think there could be a substantial correction in the market these shortterm corrections could be quite dramatic thirty forty percent is not unreasonable i'm not predicting that i'm just saying that we have to be ready for that is that e saying just be writing mike okay don't you love these talking points people they can get up and say anything they want they go hey listen i maybe thirty forty percent i mean i'm not i'm not saying i mean could you be more a somebody just come right out and be and stand for something so you know we got to realize there's twenty four hour news cycle when i was growing up and on our clients were growing up you had the news i think blocking the eleven o'clock and it mattered now they're trying to every you know every news stations a twenty four hour news station and you got to fill it with stuff and on the financial news so the pundits on either side and you know here's some guy i don't know who he is chances are none of our listeners know who he is he's probably a great guy they asked him to say something i would take the opposite stance i think things are really good i like what our president's doing i know there's been some volatility but at the same time these decisions that he's made very pro american and some people are against that clearly but at the same time good for the economy i don't see thing wrong with us taking a stance and doing things that are great for our economy now outside of the political side of things that's good for our investors if companies thrive and grow the stock market thrives and grows our clients thrive and grow with it.

mark mobius cnbc president fund manager mike thirty forty percent twenty four hour
"mark mobius" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:48 min | 3 years ago

"mark mobius" Discussed on WAFS Biz 1190

"This is bloomberg markets middle east live on bloomberg tv and radio i'm tracy alloway indu by what we do have some headlines coming through on bitcoin one of my favorite topics of course the headline is google is going to ban crypto currency and initial coin offering ads in june this comes amidst the ongoing social media crackdown on some of those ico and virtual currency advertisements that we've been seeing as well of course as the sec's regulatory crackdown on icao's bitcoin however still holding on just a little bit too gains currently at nine thousand one hundred and twenty one all right let's turn over to emerging markets now veteran em investor mark mobius says china's regulatory overhaul is an encouraging sign for foreign investors in an interview with bloomberg television mobius said beijing's reform was an attempt by thorns to make up for a shortfall in oversight on the financial markets i think they realized two things one you know the alibaba's this world ten cents to these world beginning to take over the banking functions payless kind of functions that we see now you don't need a credit card now you don't need cash in china so that's one factor the other factor is that they realize that some of these institutions went far beyond where they should have gone in terms of lending in terms of financing and they have to bring it together again and they realized that they have a institution some kind of regulatory is a toossion that can control the entire sector rather than just individual parts so if you're an investor of western industrial looking at china does that create an opportunity when it comes to the banks them the insurance companies or does it pose a risk into opportunity in their opening up.

bloomberg tv sec mark mobius china mobius beijing alibaba bloomberg tracy alloway google payless
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:41 min | 3 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"Tv and radio i'm tracy alloway in dubai while we do have some headlines coming through on bitcoin one of my favorite topics of course the headline is google is going to ban crypto currency and initial coin offering ads in june this comes amid the ongoing social media crackdown on some of those ico and virtual currency advertisements that we've been seeing as well of course as the sec's regulatory crackdown on icao's bitcoin however still holding on just a little bit too gains currently at nine thousand one hundred and twenty one all right let's turn over to emerging markets now veteran em investor mark mobius says china's regulatory overhaul is an encouraging sign for foreign investors in an interview with bloomberg television mobius said beijing's reform was an attempt by authorities to make up for a shortfall in oversight on the financial markets i think they realized two things one you know the alibaba of this world the ten cents to these world beginning to take over the banking functions payless kind of functions that we see now you don't need a credit card now you don't need cash in china so that's one factor the other factor is that they realized that some of these institutions went far beyond where they should have gone in terms of lending in terms of financing and they have to bring together again and they realized that they have a institution some kind of regulatory is the tuition that can control the entire sector rather than just individual parts so if you're an investor a western investor looking at china does that create an opportunity when it comes to the banks of the insurance companies or does it pose a risk.

tracy alloway dubai sec mark mobius china mobius beijing google bloomberg payless
"mark mobius" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:40 min | 3 years ago

"mark mobius" Discussed on WAFS Biz 1190

"Well of course as soon as you don't worry about things is often the time you should be worrying about things but but yes i think in part inflation isn't the top of our list of concerns at the moment but it's still got to be kept there in the back of in the back of one's mind don't seem great inflationary pressures anywhere in the world at the moment despite many countries actively trying to encourage inflation such as japan encouraging and having failed so that's not one of our concerns we nonetheless expect interest rates to to rise sweet expect steadily rising interest rates out of the us this year not by leaps and bounds but just gentle tweaks upwards hugh this is of course the last big inflation data point before the fed meets next week do we expect this to change the policy outlook at all i think that that inflation number change change you look it will just really confirm i think most people think of his has been going on so so it's not going to be a cause for for change all right hugh young you're staying with us still ahead we are turning to cats are cash raising continues as it offloads its entire stake in viola we look at the measures doha is taking as a deals with the ongoing standoff with its gulf neighbors pretty crazy to think that that's now in its and month but up next emerging markets veteran mark mobius gives his two cents on china's regulatory overhaul and what it means for investors we're going to hear from him next and make sure you stay tuned to bloomberg tomorrow our global economics editor michael mckee is going to speak live to canadian prime minister justin trudeau this is bloomberg seize the chance to acquaint yourself with germany's first female chancellor angela merkel a chancellorship forged in crisis bloomberg news correspondents alan crawford and tony tissue ska explore merkel's unconventional policies and potential influence as europe struggles through a crippling financial crisis discover a fascinating leader in her political and cultural context angela merkel a chancellorship forged in crisis is a bloomberg press title published by wiley available wherever books and e books are sold remember when getting.

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"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 3 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"Percent today is j p morgan questioned the credibility of its profit guidance us equities fell for a second day is the markets took in today's economic and political developments the s and p five hundred index was down seventeen points a drop over six tenths of one percent the dow jones industrial average declined to one hundred and seventy one points lower by seven tenths of one percent nasdaq down seventy seven a drop of one percents i'm charlie pellett that's a bloomberg business flash now bloomberg best with june grasso and ed baxter continues legendary emerging markets investor mark mobius is opening a new firm and he has its sights set on china for more bloomberg's david westin and alix steel spoke with a former franklin templeton executive chairman i'd like to start with china if we could because there was news overnight is there's something we're restructuring the government has announced this part of the national people's congress and i'm i'm curious about how that might or might not affect investment in china we start with one of the big changes which was consolidation of regulation of banks with insurance companies where does it indicate that china is going with respect to those industries maybe opening up the markets and possible investment into china in financial institutions right i think they realized two things one you know the alibaba of this world the ten cents to these world beginning to take for the banking functions payless kind of functions that we see now you don't need a credit card now you don't need cash in china so that's one factor the other factor is that they realize that some of these institutions went far beyond where they should have gone in terms of lending in terms of financing and they have to bring it together again and they realized that they have a institution some kind of regulatory is that can control the entire sector rather than just individual parts so if you're an investor a western investor looking at china does that create an opportunity when it comes to the banks of the insurance companies or does it pose a risk opportunity in their opening up.

morgan charlie pellett june grasso mark mobius china bloomberg david westin executive chairman congress ed baxter franklin templeton payless one percent
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 3 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"That could be quite critical in the next move fear itself tom we're talking about this on survillence television this morning the idea that the markets are really really terrified of inflation out there but it's going to be very gradual it's not going to be the relation of your past mike leaky thank you so much much more on this in the coming weeks he knows inflation of cyclical and structural nature is mark mobius of course timeless templeton timeless at franklin templeton now i believe is re marquez retired the right word i can't get to mark mobius retired now you're right i don't understand that word i'm not retired we're starting a new company here in london and we're going to continue investing in emerging markets i am absolutely thunderstruck moebius is not retired how do you start a new a new company in emerging markets and if that it what's the moebius angle or twist to make you distinctive among the many investing a very good question and the angle we're looking at is the whole business of governance you know how to get companies to treat shareholders right how to get companies to operate in a way that is transparent so the whole environmental social governance areas where we're going to focus we're gonna come back with you and i want to ask you a question now to lead into that that i know john farrell wants to touch you are an expert on asia the culture of china culture of singapore should america let vago broadcom should we let them acquire qualcomm i would say probably not it's probably a good idea to be very careful and i think it has to be more reciprocity with china in terms of allowing our magoo in alibaba work together and i think it's very important for us to put pressure on china in that direction and particularly in the technology arena because they're moving ahead very fast and i think it's it's something that we have looked at very carefully mark mobius from our studios in london.

mike franklin templeton marquez john farrell qualcomm china london tom mark mobius america broadcom alibaba
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:34 min | 3 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"Financial crisis citigroup as you may recall back in two thousand eight and two thousand an idol lost a lot of money wayne more money than city clinton used to offset its corporate income taxes in those years so in those cases these massive losses become taxloss carryforwards we'll city shares extended declines and closed down almost one and a half percent after that news doug well let's stay with with the policy debate right now because we have a house and senate lawmakers set did this week to begin reconciling their tax bill ways and means chairman this would be in the house kevin brady saying that the discussions now are on a compromise that would allow individual tax payers to deduct a portion of their state income tax however under one of these plans they would lump that state income tax deduction with the property tax deduction the ladder already capped at ten thousand dollars so at the end of the day paul this might not do very much to ease the pain especially in high tech states and and as you were saying earlier us equities stand the tide after that big selloff we had an asia yesterday as we move into a asian trading day his little bit of insights mark mobius executive chairman at franklin templeton says he's bullish on emerging markets we go see at least twenty percent more growth in emerging modest going forward as we have an surpassed the two thousand seven he kiddo so bad scott happened mobius by the way says the two big risks to financial markets on north korea and global hackers he spoke of.

scott property tax the house senate doug corporate income Financial crisis north korea financial markets clinton franklin templeton executive chairman asia us paul income tax kevin brady chairman ten thousand dollars twenty percent
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 3 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"Stateowned enterprises that's the reason why we're in business and this is a remarkable development and you have to really congratulate the imf the ifc world bank put pushing this concept in saint to these countries look you want to grow you've got it privatisers tatum enteprise uvira open up your markets and make it a market economy that's the reason why china is growing because they've adopted the market economy model how much standardisation is there as a result of the multi lateralism that that you described as a result of that that push at by having the imf the world bank cheering for this were making it happened is it easier for you to enter into a market or to see how a market is due oil is much easier for us to go in when the government is saying look we got privatize we're going to list stateowned enterprises we can open up the market to more free enterprise environment but of course then we've still got the problems of politics because they some of the oil apparatchiks who don't want to give up power of this sega enterprises and then of course we have the legal system which is different in every country could come back you're just a moment but on the issue of past invested this a change how we approach emerging markets are you at all concerned it less research were less engagement goes into the process if you have more passive approach to investing of course have to see change because what happens is that you i have on one side etf space which is just following the leader following the index and the other side you're going to have acted and by the way i'm kind of happy even though we're not getting the plo's of this size of etf skating earn i'm very happy with his change because now is forcing us to say look we not filing the index we cannot look at the index now we've gotta do our own thing what your or squared the in hokkaido have the number of him i therefore but it but basically we have moving away early next in a big way i wanna come back and talk economics with the gentleman over the perch meant from the massachusetts institute of technology that would be mark mobius we will do that terrific new slow out of washington today as well futures negative dow futures negative 58 this warning the.

imf china plo mark mobius washington Stateowned enterprises ifc sega hokkaido massachusetts institute of tec dow
"mark mobius" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 4 years ago

"mark mobius" Discussed on Bloomberg Radio New York

"I'm jim kurl sell ever since last year's brexit vote the fate of the british economy has depended on a clean break from the european union and accomplishment which was put in jeopardy last week by the country's disaster stress general election for more bloomberg's francine the cost built with mark mobius chairman of franklin resources amorous drew co head of investment banking at credit suites learned it does this have an impact on brexit the senate spend quite a mess we kill we have the snap elections they didn't quite go to plan for for the tories but how much of an impact for this have on the permits i think it has the impact is i think people are beginning to realize it this whole brexit situation is causing concern at it is having an impact on prices indirectly you're getting a rise in prices in the number of commodities number of things that people die every day so i think you definitely going to see a lot of concern about brexit i personally believe that the uk is not going to change very much in terms of rules the rules because you talking about forty years now adopting eu rules why change this is a question mark what we had a frank i guess the problem is if you vote for something to trample my feeling is that to be a very soft brexit they just they just remain things remain pretty much the same the only the uk won't have a vote unfortunately think probably worse or is that when you look at the markets look at the world couch is inflation again having an impact on the way with the world on a little bit for that china lack of course in the frontier markets experts how would you quantify the world economy way that was it an aminus or or a cplus i would say it's bits probably somewhere between but on a negative bias we we keep talking about this inflation factor so here it's that rising inflation that most of the world without a problem.

european union bloomberg chairman investment banking senate uk jim kurl mark mobius franklin co head eu china forty years