35 Burst results for "Massar"
"massar" Discussed on Bloomberg Radio New York
"Help control the spread of Cove it and in Nashville, the new year arrived without any fireworks. Officials had been planning a scaled down firework show but called it off after the Christmas Day bombing in the downtown area. Ah, postgame, BRO Martin. Mississippi State's 28 26 win over Tulsa in yesterday's Armed Forces Bowl in Fort Worth, Texas, started during the postgame handshake near midfield and quickly turned ugly multiple players throwing punches and kicks and former Pennsylvania governor and former U. S. Attorney General Dick Thornburgh has died. He was 88 years old. Michael passed. This is Bloomberg Business Week with Carol Massar from Bloomberg Radio. Well, somebody I got to talk to a couple of times throughout 2020. It's a portly Mexican grill CEO Brian Nickel. He was featured in the magazine as a Bloomberg Business Week talks this year. He also stopped by for our Bloomberg 50 virtual celebration in early December, just before the emergency approval and roll out of the cove in 19 vaccines. I began by asking if too portly would make vaccinations mandatory for its employees, so we would not require people toe take the vaccine. Obviously, I would want to do everything I can to make sure that they have access to the vaccine, especially those that are in those high risk groups. But I think you know Your health and wellness is ultimately your personal decision. Whatever your decision is, though, if you aren't feeling healthy on do you happen to have co bit? We do need Ugo Take those precautions to not get other people infected. But I'm focused on trying to stay in touch with people. So I understand. Win. Vaccines get approved how they will be distributed and how I best get our employees access to those vaccines. But you know the end of the day they need Tomo make that decision for themselves when I do wonder, too, You know, I think that's really interesting to hear, And I feel like shit lately has been throughout its history. Company that thinks a lot about its employees based. So how do you keep? You know your employees safe motive motivated during these trying times we talked about, you know, corporate culture When you've got people at home and people all over the place, How do you keep the your workers who have to be at work in order to get the job done? How do you keep a motivated during these trying times, and I'm curious if you've made any employee policy changes during the pandemic. Yeah. Look, Carol, I I think it. Fortunately for us, we have always been focused on our purpose, which is around this idea, cultivating a better world through food with integrity, and we've got some clear cultural values. Um Around. Basically, authenticity lives here. The movement is real, um, you know, teaching taste your whole day..
Cyberpunk 2077 Delayed Until December
"Go, Breaking News Sarah Pump Twenty seventy seven has been delayed a little less than a month. They. tweeted this out just now. Hey everyone. Today, we've decided to release to release the cyberpunk seven by twenty one days the state December tenth. Most likely there are many emotions and question your heads. So first and foremost, please accept our humble apologies the biggest challenge for us right now, shipping of the game on current Gen Nexgen PC at the same time requires US prepare and test nine versions of it xbox one x compatibility series S X. ps four pro compatibility on ps five pc stadia working from home. Since Era Punk has twenty seventy seven has evolved towards almost being a next gen title somewhere along way, we need to make sure everything works well and every virgin run smoothly where we're aware it might be unrealistic. When someone says it twenty one days can make a difference sister massive and complex game, but they really do so have you might also be wanted what these words mean us say we achieve our goal Massar. Sometime ago paddock certification are going Goldman to gave his ready can be completed and has all the content in it. It doesn't mean we stop working on a raise. The quality are in raising the quality bar on the contrary. This is the time where many improvements are being made, which will then be distributed via day zero patch. This is the time period we under calculated. We feel that we have amazing game our hands and are willing to make every decision even the hardest ones for automatically. Leads to you getting a video game, you'll fall in love with some Adam Barsky and markets Wenski CD, project read. So yeah. Twenty one days. What do you think Fran bombed? This doesn't surprise me in the least and like I mean honestly I really don't think it's a big deal. I know a ton of people are growing as I say that like what like this is like how many delays like how it's like for some people? This is probably feeling unacceptable because they're so excited about the next Gen consoles it came right at a time. You can pick those up orgies period. You're kind of like we've been waiting for a really big game dropped for a while a lot of people right and so people were stoked but. This company is famous for being perfectionist you know, and that's what I hear when I read this, they're staring down the barrel of the new Gen consoles in particular, and probably which we always I feel like there's gay games, the optimizations, and this has been such labor of love and they're just like. Guys we have to smooth out some frame rate. We've gotta get these next Gen consoles closer to being more than just like a frame rate improvement versus because that's what you're dealing with to. Right. It's a PS four, xbox one version kinda slightly amped up and it sounds to me like they want to try a few more things. I think that's great. Especially, if you plan to play in those consoles, these twenty one days are going to make a huge difference view versus were going to talk about it later got a war as is going to work on PS five. Do you want cyberpunk like that where it's ps four game that works? A little better or do you want optimization? Yeah, I well, how do you feel? Personally I. It doesn't superman like we're we're both used to playing games or incomplete like that's just the reality of it so. I don't think this matter so much to me I am relieved that like Oh thank God that November like. Push because that is literally there's like. Five Games that we are we are going to talk about that we add. Is What he did. Selfish on that front there is I mean I'm going to be a half to I'm going to be playing destiny on November tenth. Somebody. Tim was asking me about cyberpunk and all that and I was like. Dude I'M GONNA. Check out but. What am I supposed to do? It would be like grinding for a rate so selfishly and like, yeah, let's go. Give me give me a month to catch up on a lot of stuff.
Yes, the fattest bear wins
"So before we really get into it with Ray. Let's set some road rules. First of all, we're sticking to American black bears and what you need to know is that not all black bears hibernate it's all about how much food is around and that changes based on where you live your life. Black bears are kind of what we're going to be referring to as habitat generalists and they're found all over North America. So the bears in Florida and the everglades don't usually hibernate second there is this scientific debate over whether or not bears truly hibernate and so like a useful definition of hibernation basically is like a physiological state of. A significantly decreased metabolism basically food has dried up. So some animals entered this low energy mode. How low energy these bears are is up for discussion, but Ray is firmly on team bears do hibernate. So if you ask me and I'm willing to take on this debate, I really am officially on the record I would argue that they are true hibernate is because their metabolism changes from such a significant level in order to avoid food scarcity, we're going with ray on this one moving on if you're a black bear who hibernates and you are about to go literally months without food, there's one thing you gotta do to get ready. It's so easy. You're eating everything you can find everything you gotta get sick with. By any means necessary it's called optimal foraging theory and it sounds a little complicated, but it's so easy to understand. Also people do it to an optimal foraging theory suggests that bears job is to eat as many calories as possible while expending as little energy as again. So, that's why we see bears in some places eating you know tens of thousands of calories, berries you know every day. Or. A bear lives in a place where there's you know rivers and streams and freshwater fish in there. They're eating tons and tons of fish like whatever is around them. They're going to gorge on that because they don't have to travel far and expand a lot of energy to get more. Right. Right. Okay. So I'm a bear I have just worked hard to chubb up as fast as I can with the least amount of energy and I found the place that I'm going to hibernate. What are those places look like? Because I thought they were all like deep caves, but that's not necessarily true. Right well, I like one of my personal desires is to find a bear denning in a cave. I want that more than anything because you grow up with that right as a kid grew up with these stories about there's a bear in the cave and and of course, they do I mean, you know if bear comes upon it, empty cave is one hundred percent going to make its winter done there But you know how many games are in you know a single forest like usually not. Many. So outside of the Cave, example bears use a lot of different places to create a hibernation den. So hollowed out logs or good ones. If there's you know a tree that has fallen down and is easy to kind of dig into a barrel, make space for itself in you know in a log in a tree trunk you know sometimes just next to a whole bunch of bushes and. Another thing I love about is, is that some of them you know in particular maybe male bears. Will sometimes just sit down and then. There Dan. The cool thing about being a bear as their top predators, right they have no natural enemies in their systems they can feel safe all the time You know humans cause huge problems to bears, but they haven't evolved necessarily to understand that. So they feel like they are big bat and safe all the time and you know can just lay down wherever they want the. Okay. So I know that there are all of these massive changes that happen in the bear body during hibernation. Tell me about some of the coolest ones in your mind. Yeah. So I you know maybe this is because I have a preschooler and so we are like just about a year or so past like potty trainings might be on my mind a lot. But I think one of the coolest things is that bears will recycle their own waste during hyper nation. So they they don't you know like urinate or defecate at all during this time period just recycled in their bodies but but that allows them to essentially like not lose hydration or not lose a certain amount of nutrients during our nation, which is is it's just tremendous. It's really amazing. It's just like a beautiful officiant logical system you know Yeah it's. I could just keep going but it's it's really cool. Yeah. Yeah. So okay. Probably one of the most ridiculously cool things about their physiology in this state is that although bears lose a lot of body weight during hibernation, they don't actually lose a ton of like muscled massar or bone strength like way less than humans would if we didn't move for three months, right that I mean that's wild ray well, it's because they get so fat. I mean. So you know what is so I think what is what is interesting as a human being especially in like American society is that we associate fat with something bad like if people get too fat, you know we might encounter a lot of health problems. but for Bayer is being fat makes you actually more ecologically fit and sometimes they're putting on, you know hundreds and hundreds of pounds just to prepare for hibernation, and so if they do that, then of course, they're not losing muscle mass when they hibernate, they are not losing losing bone density. They're just burning that fat recycling their waste like doing this slow burn all winter and then emerging. As. Ever. Yeah. This brings me to one of the wildest bear things that is blowing. My bare mind. Is that some Mama Bear's give birth during hibernation? Yes. So all Mama Bear's giver during hibernation unless they live in a place where they don't hibernate. Yeah. So you know in ecology community, we essentially do this thing where we give, we assign a birth date to. Every animal that we encounter and all black bears have January birthday all of them. So for the most part, you can assume that any black bear you've ever seen ever in your life and never will was born in January and in most parts of North America. That's a time of hibernation you know from the from the few studies where we've been able to witness. A hybrid female VR giving birth is few. We've been able to see her show some obvious signs of labor, right? So she's like wake she's not loving it, but she's giving birth. To. A couple of very, very, very small cubs so they grow. From one pound to you know like ten pounds or so and all in the den while the mother is doing her best to get some rest. But you know she's got like litter full. Of does with her so it's not you know those winters as she gives birth or not the most restful
A Look at Bird Strike Countermeasures
"Obviously, bird strikes against you feel like this is an issue but it is right and these things especially. If. It's like a goose I mean, that's a I don't know what twelve pound object getting hit by something going for and miles per hour. Well, what what is, what is the damage like here and how do they? What is the technology keeping US safe from safe from these bird menaces it really is testing. That's what it is and designing for the regulatory requirements. So the regulatory criminal for aircraft for twenty five aircraft which are trying to transport category or. Larger business jets is a four pound bird I think is going at VC So that's a pretty fast speed. I'm electrical guy not a structural person but. Those tests are super destructive, and if you ever, you can go online and go on Youtube and see bird strike tests I've seen the other crazy it as look like they become liquid hitting these. Oh Yeah. Everything becomes at that speed is so much energy. Being dispersed in such a short span of time that biscuit the turn Jello. And it Kinda. It kinda it absorbs into the structure in which is running into, and then there's really no way. Today we actually have some competition ways to predict the amount of damage that recur, but we still do testing. So it's sort of a computational I look, and then we followed up with some validation testing. But as we have done that the last several years, we kinda get more and more. So the computational side. But? It's very easy to see aircraft that was struck by birds and the level of damage because it usually is not just one bird usually they're flying into a grouping birds. So birds hit windshields knows Rome spurts, wings, Burns, hidden vertical stabilisers, or horizontal stabilisers. burs being adjusted into engines are a huge problem because you can. On a wing, you can penetrate that leading edge and get into the thing. They got a fuel got fuel coming out right on an engine. It's going to go through that engine and you can lose or maybe maybe worn more than one bird typically but you can lose that particular engine and just like you're talking about with sully where they had birds go in and both engines in Las both engines so. It's. It's a really serious thing in if around airports that have bird probes and it tends to be at least in our part of the World Canadian geese that migrate want to hang out at the end of the runway. You'll see things like these noise canons, propane cannons at fire off once a minute to encourage the burs lands somewhere else because at a Canadian geese is bigger than a four. Pampered. Right So if you hit something that's obviously hopefully, you're catching it closer to the crown where you're going to get slower speed. So the energy last but the amount of damage that can occur bird impact is substantial substantial to the point where now we do a lot of testing to make sure that the bird can't bring down an airplane but still in the sully situation burs going both engine just really not much you're gonna be able to do their. The FAA puts up notices about where birds are. Philadelphia had a problem for a while. So yeah, it's it's really really serious, but it happens pretty often a lot more. It happens more often than lightning strikes in my opinion early, the damage more visible the lightning strikes because it is a debt left somewhere. On, the aircraft when shield knows radio. All over all over well so these engines are pulling in so much air and creating so much thrust. Create like vortex where a is more likely to go into the engineer or not really so much everything's happening. So fast I, mean you can kind of suck it in if it's if it's not directly in that lie in that line it can definitely could pull it in just grab. Yeah. It can kind of graphics. They do have some Massar but it's the engines pulling so much air sucking so much Erin to it it's it's like a vacuum just going to say anything it's around it into it So the engine manufacturers, Ge's Pratt and Whitney's the. Royce look at that as part of the one of their certification task is to validate what has a bird. Goes to the engine because what you don't. WanNa do is. Start loosening the heavy rotating parts of the rotors. Rhoda per situation. So not knowing you lose a bird, but then he got this flying grenade of an engine blowing holes in the wing and the fuselage and tail, and all this other stuff causes other problems. So it's it's a really serious certification thing but when we don't think about that much. I don't think of all the years I don't think about an aircraft has actually struck a bird I've seen damage from it but close but I don't think I've been an airplanes actually struck a bird. Have you ever been an airplane? That's? Not. What it now now makes me very nervous. So. Limited have my eye out for these birds album. I worry about it with a Canadian geese are or this large flocks in occasionally see it editor ports as you drive into an airport like There's a large flock of whatever geese hanging out down here. That probably smarter hope not taking off in that direction today.
Midnight Moment - burst 1
"Her. Hey Patriots. Pulse pardon hair with your midnight moment. It's just after midnight here in the Mall High. Command Center and the paper PRICES DOT COM studios. So let's get a rolling. So if you're listening right now, it's after midnight and in some parts of the country, it's a little after two am and you've got to be answering yourself what in the hell is the midnight moment what it's doing well, we're GonNa, use a midnight moment to provide quick quick updates of topics that are usually bugging the shit out of or that we have a particular Gigolo support for You know we're also going to provide some background and clarification on topics. We can't devote proper time to during the actual podcast itself and we're GONNA use this to respond to contact from our listeners like you. I I want to say thank you to all the followers that we've received since we launched the world. Premiere. The support has been outstanding. So welcomed, everybody all the Patriots from see shining see. Decided to follow and give us a listen. We received a lot of feedback the world premiere move just psychotically fast and hop topics really quickly, which in hindsight is completely true. Probably because we were severely over caffeinated but not the word that only happens all the time. So hence, the midnight moments segment that we're doing now A. Particular feedback about my opinion on mess and more importantly they. Have contacted me wanted to know why hold? The position that I do that cloth master complete bullshit and that. Even. The end ninety five and surgical masks being worn in public are of no help and I will be happy to explain that and we'll get into that just a second. So I want to make very clear here that I am not overall gist. Not a doctor I don't possess a medical degree. That said what I do have is I've taken in past Osha ten and thirty turning as it pertains to respirator guidelines. Now Couple things about that. Osha the occupational safety hazards administration like it or lump it. Is the foremost expert on protections for the workplace as it pertains to many things. A lot of people are saying, Oh, listen to the experts. Well, the problem is, is that the so-called experts also answered Osha that's right. The CDC. If they give their people, the wrong equipment and somebody at ends up getting sick. Guess what Osha Steps in, find his shit out of them. So that's something that you need to understand. So What we have here is a complete and total conflation and misunderstanding of what masks are and what they do. There's also a conflation and complete misunderstanding of nomenclature terminology as it pertains to. What respirators are for? So I, want to start by saying that there's a respirator for every job. and. To be very specific what you'll find out if you do your research and by all means, don't trust me look it up for yourself. And Ninety Five, mass nine, ninety, five masks are designed for contaminated environments. So they're supposed to protect you on the inhale, but the exhale is set completely out into the air. So if the Douche not standing you know. Close to you within ninety five mask actually has Kobe Nineteen, any hails. If he has it the virus, the airborne pathogen goes right through the mask and offers no protection. That's number one number two. Surgical masks are designed for sterile environment here the argument a lot. Well, why don't? Or why do medical professionals wear masks in a surgery room I mean, what are they aren't they trying to protect people from viruses new They're not surgical masks do not protect against viruses in any way shape or form. We'll get into that in a minute also when you put on a surgical mask and you walk outdoors all the particulate matter dust dirt excetera. Rendered those masks useless and a non sterile environment? Okay. So understand something and ninety five and surgical masks. Are designed for a specific purpose. Okay designed for specific purpose. Further, neither one of them actually are rated to stop airborne pathogens. Now that distinction is very, very important. That's very important distinction and one thing that you'll find is. Viruses, especially, with the airborne type are what's called sub-micron. Now, what does that me I'll try to describe this in a way that that is a visually acceptable to everybody involved. Okay. So let's just say that you're looking at a at. A soccer goal and the goal has a net on it. If you look at any mask close enough, you'll see the fibers somewhat connect that soccer net. Okay. Now if you throw a basketball at the soccer net. It's going to stop the basketball, right? So considered the basketball dust particle. It's going to stop it. If you throw soccer ball at its, it's going to stop that to. Throw a smaller soccer ball at it it'll stop that. It's A tennis ball at. Tennis balls probably going to get through. Gaul. At. It. Golf balls definitely interf-. Now throw a single bb or pellet. At that same net goes directly through. so by comparison, dust particles are even larger than the aforementioned basketball and a virus is even smaller than the BB. So, does that resonate with anybody? In order to actually protect yourself from an airborne pathogen like an airborne visit. You need actual containment in an independent agent supply. Let me back that up for just a second. I actually went today to have been one, thousand, nine, hundred tests I know I know funny. Mavin minor surgery Monday and I had to get the test. No big deal. So it was one of the drive up locations and. Gave my information. And the guy that comes over is actually wearing a full face shield helmet with an independent oxygen supply to do the nose swab. Basically, confirming everything I've just said I asked him I said excuse me Sir. Why are you wearing the helmet? And he said Oh requires the can protect myself from the virus. Now. That actually happened not twelve hours ago. So. Medical professionals know. The Truth and what I just said. Osha people are people that are Osha Ten thirty certified and had the training know too. Military members veterans who have trained with respirators in. Gas Masks. Know that there is a filter and a respirator for. Single situation. That brings me to cloth masks. If cloth masks work. And they stop aerosols again, all you're doing is stopping the for the basketball. In not stopping the BB. You can drive a matchbook car through highway tunnel, but you can't get A. Mack truck. Through a standard paper towel tube. It just doesn't work. There is no science. It's bullshit. Now. If you. WanNa wear a mask it. It's a placebo measure in you think it helps whatever floats your boat man. But I'd like to tell all the Cairns of the world. Who say? Oh, just wear the mask go fuck yourself. You, wear your mask. Let me do I WANNA do. You're not helping anything. You're not protecting anyone it's a myth. It's a placebo effect, and if you don't know what that term is placebo effect, look it up. It's a confidence measure for a test group when anyone trying to run an experiment, get the picture. That was your midnight moment Massar Bullshit where one if you want the lead me out of it. Enjoyed, your midnight moment for July Twenty, four, twenty, twenty. If you did be sure to give us a following get notified new releases subscriptions would be very appreciated. But know that you being here with us is enough for us. Sleep well I. Remember the Constitution is not a suggestion.
Midnight Moment - burst 1
"Patriots Paul Spartan here from the Midnight Patriots. So one of the. Feel about anchored now. When we started this insanity, we always tell people. The reason we do this is because insomnia sucks almost as bad as tyranny. We would have these conversations between ourselves the group chats. Throws, things like that. We thought, hey man, you know we should just record a podcast, but the more we looked the more expensive became. We Cross anger. Anger gives you all the tools you need to do this to make your voice heard and get your voice out there. You have an opinion you gotta use anchor everything from recording to editing to distribution that you'd be all the tools that you need. To allow you to record your podcast right for your phone or your computer. Anchor covers distribution by getting on Apple. spotify and many many others. I mean how you can make money right from your own podcast with no minimum listenership. It's everything you need in one spot in one place simple and effect. Get yourself anchor make voice her. Hey Patriots. Pulse pardon hair with your midnight moment. It's just after midnight here in the Mall High. Command Center and the paper PRICES DOT COM studios. So let's get a rolling. So if you're listening right now, it's after midnight and in some parts of the country, it's a little after two am and you've got to be answering yourself what in the hell is the midnight moment what it's doing well, we're GonNa, use a midnight moment to provide quick quick updates of topics that are usually bugging the shit out of or that we have a particular Gigolo support for You know we're also going to provide some background and clarification on topics. We can't devote proper time to during the actual podcast itself and we're GONNA use this to respond to contact from our listeners like you. I I want to say thank you to all the followers that we've received since we launched the world. Premiere. The support has been outstanding. So welcomed, everybody all the Patriots from see shining see. Decided to follow and give us a listen. We received a lot of feedback the world premiere move just psychotically fast and hop topics really quickly, which in hindsight is completely true. Probably because we were severely over caffeinated but not the word that only happens all the time. So hence, the midnight moments segment that we're doing now A. Particular feedback about my opinion on mess and more importantly they. Have contacted me wanted to know why hold? The position that I do that cloth master complete bullshit and that. Even. The end ninety five and surgical masks being worn in public are of no help and I will be happy to explain that and we'll get into that just a second. So I want to make very clear here that I am not overall gist. Not a doctor I don't possess a medical degree. That said what I do have is I've taken in past Osha ten and thirty turning as it pertains to respirator guidelines. Now Couple things about that. Osha the occupational safety hazards administration like it or lump it. Is the foremost expert on protections for the workplace as it pertains to many things. A lot of people are saying, Oh, listen to the experts. Well, the problem is, is that the so-called experts also answered Osha that's right. The CDC. If they give their people, the wrong equipment and somebody at ends up getting sick. Guess what Osha Steps in, find his shit out of them. So that's something that you need to understand. So What we have here is a complete and total conflation and misunderstanding of what masks are and what they do. There's also a conflation and complete misunderstanding of nomenclature terminology as it pertains to. What respirators are for? So I, want to start by saying that there's a respirator for every job. and. To be very specific what you'll find out if you do your research and by all means, don't trust me look it up for yourself. And Ninety Five, mass nine, ninety, five masks are designed for contaminated environments. So they're supposed to protect you on the inhale, but the exhale is set completely out into the air. So if the Douche not standing you know. Close to you within ninety five mask actually has Kobe Nineteen, any hails. If he has it the virus, the airborne pathogen goes right through the mask and offers no protection. That's number one number two. Surgical masks are designed for sterile environment here the argument a lot. Well, why don't? Or why do medical professionals wear masks in a surgery room I mean, what are they aren't they trying to protect people from viruses new They're not surgical masks do not protect against viruses in any way shape or form. We'll get into that in a minute also when you put on a surgical mask and you walk outdoors all the particulate matter dust dirt excetera. Rendered those masks useless and a non sterile environment? Okay. So understand something and ninety five and surgical masks. Are designed for a specific purpose. Okay designed for specific purpose. Further, neither one of them actually are rated to stop airborne pathogens. Now that distinction is very, very important. That's very important distinction and one thing that you'll find is. Viruses, especially, with the airborne type are what's called sub-micron. Now, what does that me I'll try to describe this in a way that that is a visually acceptable to everybody involved. Okay. So let's just say that you're looking at a at. A soccer goal and the goal has a net on it. If you look at any mask close enough, you'll see the fibers somewhat connect that soccer net. Okay. Now if you throw a basketball at the soccer net. It's going to stop the basketball, right? So considered the basketball dust particle. It's going to stop it. If you throw soccer ball at its, it's going to stop that to. Throw a smaller soccer ball at it it'll stop that. It's A tennis ball at. Tennis balls probably going to get through. Gaul. At. It. Golf balls definitely interf-. Now throw a single bb or pellet. At that same net goes directly through. so by comparison, dust particles are even larger than the aforementioned basketball and a virus is even smaller than the BB. So, does that resonate with anybody? In order to actually protect yourself from an airborne pathogen like an airborne visit. You need actual containment in an independent agent supply. Let me back that up for just a second. I actually went today to have been one, thousand, nine, hundred tests I know I know funny. Mavin minor surgery Monday and I had to get the test. No big deal. So it was one of the drive up locations and. Gave my information. And the guy that comes over is actually wearing a full face shield helmet with an independent oxygen supply to do the nose swab. Basically, confirming everything I've just said I asked him I said excuse me Sir. Why are you wearing the helmet? And he said Oh requires the can protect myself from the virus. Now. That actually happened not twelve hours ago. So. Medical professionals know. The Truth and what I just said. Osha people are people that are Osha Ten thirty certified and had the training know too. Military members veterans who have trained with respirators in. Gas Masks. Know that there is a filter and a respirator for. Single situation. That brings me to cloth masks. If cloth masks work. And they stop aerosols again, all you're doing is stopping the for the basketball. In not stopping the BB. You can drive a matchbook car through highway tunnel, but you can't get A. Mack truck. Through a standard paper towel tube. It just doesn't work. There is no science. It's bullshit. Now. If you. WanNa wear a mask it. It's a placebo measure in you think it helps whatever floats your boat man. But I'd like to tell all the Cairns of the world. Who say? Oh, just wear the mask go fuck yourself. You, wear your mask. Let me do I WANNA do. You're not helping anything. You're not protecting anyone it's a myth. It's a placebo effect, and if you don't know what that term is placebo effect, look it up. It's a confidence measure for a test group when anyone trying to run an experiment, get the picture. That was your midnight moment Massar Bullshit where one if you want the lead me out of it. Enjoyed, your midnight moment for July Twenty, four, twenty, twenty. If you did be sure to give us a following get notified new releases subscriptions would be very appreciated. But know that you being here with us is enough for us. Sleep well I. Remember the Constitution is not a suggestion.
"massar" Discussed on Bloomberg Radio New York
"So many of the big energy names moving to the upside WTI better by twenty six percent in the extended session here at twenty five fifty five indications were from president trump earlier that he would basically withhold from getting involved in the dispute between Saudi Arabia and Iran this oil price stand off at this point then may get involved at an appropriate time eighteen T. shares of moving to the downside right now the stock is off of more than five and a half percent we're told that the company is this in discussion with a number of banks for a new term loan of roughly three billion dollars many of the companies like eighteen TI have been struggling to get to their short term financing needs taken care of because of other markets seizure in that what is known as the commercial paper market this is one of the reasons that the fed was addressing the problem earlier in the week Dow industrial average right now better by one point two percent S. and P. five hundred higher by one point three percent nasdaq composite climbing by about three point seven percent some of the big cap tech names moving higher today I'm speaking about their names like Tesla and Netflix and Facebook all pushing to the upside in the bond market today long term interest rates coming down ten year treasury right now he's at a yield of one point two percent terms of some of the eco data that we had and this may not come as a big surprise first time jobless claims the big jump last week claims now at a level of two hundred eighty one thousand as the economy just begins to show signs of a weakening under the effects of the corona epidemic and a regional gain of a manufacturing from the Philly fed suffering its largest ever drop for the month of March now where the dollar is concerned we're seeing a a rally against the majors looking at the Bloomberg dollar spot index higher by about one and a half percent got a weaker yen here down about two point three percent at one ten sixty five and the euro coming in by more than two point two percent against the box at a dollar six seventy five so there you have it you are caught up on markets I'm a Christian you're listening to Bloomberg business week with Carol Massar and Jason Kelly on Bloomberg radio do a little bit of business week economics we get the team assembled Kathleen Hays global economics and policy.
"massar" Discussed on Bloomberg Radio New York
"By Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg this is Bloomberg business week with Carol Massar and Jason Kelly from Bloomberg radio all right so I have a million things to ask our next guest and it's a homecoming of sorts for him dexter Roberts he is now Mansfield fellow at the university of Montana but he's former China bureau chief for Bloomberg business week he's got a book out the myth of Chinese capitalism the worker the factory and the future of the world no big deal just taking on a huge topic here he's here with me in our Bloomberg interactive brokers studio welcome back well thank you so I got this I don't know that I've been debating with myself where to start let's start with the book just because it it's so timely a and a lot of ways you probably could have imagined how timely it was going to be when you started it what was the idea that you set out to capture so that's the basic idea or the man the myth of the title is this idea that China is becoming more capitalistic but China is continuing on this reform path that started way back under Deng Xiaoping yeah and continuing the myth is that China will continue to grow its middle class yes all right so I mean as happy there only to say what does the last three months mean for that well the last so if we were talking corona VS yeah yes so I mean I think I I think that we're what what what some of the things the arguments I make in the book about you get the other China the migrant workers and the farmers that their cousins in the countryside which by the way is about five hundred million people so we're we're getting close to half the population they've been long term people than live in the United States yes considerably more than live in the United States well for a long time they've in effect been treated as second class citizens they don't have access to the same health care they don't have access to the same education on average they're making you know less than an hour but roughly a third of of of urban incomes and there's policies that keep them in that position which we can get into later but that relationship between the city the people in the city and the second class citizens has really been brought home I mean the the unequal relationship has really been brought home by the corona virus because these be even as cities in Beijing seem to be returning to some degree normalcy is not the right word but things are a little more regular there we are pure white collar worker you're working from home you're going to the office sometimes things are a little more number normal companies are re opening that's not happening for the for these people Ryan said and and real people right and so you were in Beijing for twenty three years here in Taiwan but before that how did this story change with that Sir hello Sir did your thesis involved or what did you see happen over that period because that twenty three years it just ended at three just a couple years ago I mean what a period in the history of the country yes okay now when I arrive arrived in I think was January of nineteen ninety five in Beijing and you know the economy was somewhere in the bottom of the top ten economies in the world I think there wasn't really a consumer economy there really wasn't any other car sales were eighty five percent government in fleet sales for big state enterprises there weren't people buying cars there was no housing market really does no housing market until until later reforms happened in the late nineties so the place was transformed WTO entry in two thousand and one which I covered for business week was it your real seminal moment obviously bringing in an enormous amounts of investment and really transform the economy in in bringing up this factory to the world export model into its it's into its full full character mmhm and so when you left what did what what sort of what were you thinking China would become is that sort of what's manifested in this book and yeah so I mean I first met some of the the people that I talk about in the book this this family from this relatives from a small town and rural way Joe the mother was in the year two thousand I was doing a cover story did a cover story for business week called the Great Migration and at that point you know we're a year before WTO entry everyone knew China was getting in there and the green it was signed in ninety nine there was great hope including for these villagers in the small town this idea that foreign investment would come in they were glad to see me as a business week reporter who might somehow let the world know about their village they wanted the processing factories for that the Chiles if they grew and then the slopes in their in their town so that was really great hope in this continued for years I must say but what I argue in the book is of particularly in the last five years that vision of of of a continual reform and more opportunity for people has has has really vanished and that's dexter Roberts really enjoyed catching up with him because his book is really about the worker in China but it's so timely given the world verses city element of this virus crisis what we've learned there and what we may need to learn as it spreads around the world as you said Jason a timely conversation you're listening to Bloomberg business week coming up we've got to talk about the hospitality industry because certainly this is one group that has been hit hard by the virus the sea of dream hotels he has a deep understanding from a long time in this industry about these moments where hospitality is at the crux of it this is Bloomberg.
"massar" Discussed on Bloomberg Radio New York
"This is Bloomberg business week with Carol Massar and Jason Kelly from Bloomberg radio all right so I have a million things to ask our next guest and it's a homecoming of sorts for him dexter Roberts he is now Mansfield fellow at the university of Montana but he's former China bureau chief for Bloomberg business week he's got a book out the myth of Chinese capitalism the work of the factory and the future of the world no big deal just taking on a huge topic here he's here with me in our Bloomberg interactive brokers studio welcome back well thank you so I got this I don't I've been debating with myself where to start let's start with the book just because it it's so timely a and a lot of ways you probably could have imagined how timely it was going to be when you started it what was the idea that you set out to capture so basic idea or the man the myth of the title is this idea that China is becoming more capitalistic but China is continuing on this reform path that started way back under Deng Xiaoping yeah and continuing the myth is that China will continue to grow its middle class yes all right so I mean as happy there only to say what does the last three months mean for that well so if we were talking current events yes so I mean I think I think that we're what what what some of the things the arguments I make in the book about you get the other China the migrant workers and the farmers that their cousins in the countryside which by the way is about five hundred million people so we're we're getting close to half the population they've been long term people than live in the United States yes considerably more than live in the United States well for a long time they have in effect been treated as second class citizens they don't have access to the same health care they don't have access to the same education on average they're making you know less than an hour but roughly a third of of of urban incomes and there's policies that keep them in that position which we can get into later but that relationship between the city the people in the city and the second class citizens has really been brought home to me that the unequal relationship has really been brought home by the corona virus because these be even as cities in Beijing seem to be returning to some degree normalcy is not the right word but things are a little more regular there we are pure white collar worker you're working from home you're going to the office sometimes things are a little more numb or normal companies are re opening that's not happening for the for these people right incident and and real people right and so you were in Beijing for twenty three years to anti one but before that how did this story change with that said Henderson did your thesis involved or what did you see happen over that period because that twenty three years it just ended at read just a couple years ago I mean what a period in the history of the country yes okay now when I arrive arrived in I think was January of nineteen ninety five in Beijing and you know the economy was somewhere in the bottom of the top ten economies in the world I think there wasn't really a consumer economy there really wasn't any other car sales were eighty five percent government in fleets say oils for big state enterprises there weren't people buying cars there was no housing market rally there's no housing market until until later reforms happened in the late nineties so the place was transformed WTO entry in two thousand and one which I covered for business week was it your real seminal moment obviously bringing in an enormous amounts of investment and really transform the economy in in bringing up this factory to the world export model into its it into its full a full character mmhm and so when you left what do you what what sort of what were you thinking China would become is that sort of what's manifested in this book yeah so I mean I first met some of the the people that I talk about in the book this this family from or the disk relatives from a small town and rural way Joe the mothers in the year two thousand I was doing a cover story did a cover story for business week called the Great Migration and at that point you know we're a year before WTO entry everyone knew China was getting in and the green was signed in ninety nine there was great hope including for these villagers in the small town this idea that foreign investment would come in they were glad to see me as a business week reporter who might somehow let the world know about their village they wanted the processing factories for the the Chiles and they grew in the slopes in their in their town so that was really great hope in this continued for years I must say but what I argue in the book is of particularly in the last five years that vision of of a continual reform and more opportunity for people has has has really vanished and that's dexter Roberts really enjoyed catching up with him because his book is really about the worker in China but it's so timely given the world verses city element of this virus crisis what we've learned there and what we may need to learn as it spreads around the world as you said Jason a timely conversation you're listening to Bloomberg business week coming up we've got to talk about the hospitality industry because certainly this is one group that has been hit hard by the virus the sea of dream hotels he has a deep understanding from a long time in this industry about these moments where hospitality is at the crux of it this is.
"massar" Discussed on Bloomberg Radio New York
"And I'm Carol Massar welcome to the weekend edition of Bloomberg business week Jason what a week and it really contain so much volatility on so many different fronts with you look at politics with you look to the financial markets and what do you look at the global economy and we're gonna get into all of that over the next couple hours we're gonna talk about the coronavirus continuing to spread and investors trying to size up government efforts and corporate efforts honestly to contain the outbreak and its economic and business impact right to the top some of our top editors of the magazine to look at the markets look at the economy to see their assessment at this point also on the corporate front Barnes and noble man the next chapter the new here of the chain's rags to riches tale it is hedge funds didn't see that coming plus this week's cover story what a timely when it's a sit down with the N. E. C. director Larry Kudlow maybe you know him from television yeah he's become the optimist in chief in this administration there's a big question about whether an optimist we'll make the right call when it comes to economic policies all right first we begin with the roller coaster that was those global markets this past week and former vice president Joe Biden's campaign continuing to rise as super Tuesday reignited his race for the White House that's the story in the magazine this week by Josh green this week national correspondent joining us right now from DC and Josh what a week super Tuesday a bit of a surprise and then we had several candidates dropping out obviously the big news this week was that the front runner in the democratic race went for Bernie Sanders who looked like he might be prepared to run away with it too Joe Biden who looks like he might have be decisively edging out Bernie Sanders so quite a week everything turned upside down I think the real story is that nine Sanders moderate voters finally at the very last minute coalesced around a candidate that was Joe Biden I think that makes him the front runner but as I write in this is week this week he now faces a new and familiar problem a lot of democratic strategists are worried about and that is that he's back in the role Hillary Clinton was four years ago where you have an establishment favorite you have Bernie Sanders is an insurgent and it's hard to see how Democrats managed to unify the party all right and we also saw Elizabeth Warren and Mike Bloomberg dropping out Mike Bloomberg of course the founder and majority owner of Bloomberg LP he endorsed Joe Biden let's look ahead to these next contest here Josh because there's still a lot of delegates out there and some pretty important states just over the next couple weeks yeah that's right and I think I think the importance of Bloomberg and warned dropping out is that we now have affected Lee a two man race and as you look ahead it looks to me like the states we have coming up tend to favor Joe Biden the one I'm going to be looking at is Michigan Michigan was the scene of a surprise upset four years ago with Bernie Sanders came in B. Hillary Clinton because a lot of excitement a belief among center folks it maybe they actually could knock her off that didn't end up happening since super Tuesday the polls that I've seen from Michigan show Biden ahead so we're really re running a test case that we saw four years ago the turns out that Biden wins in Michigan especially if he wins big I think that might be the last blow for Bernie Sanders does screen thank you so much well super Tuesday's results and the coronavirus dominated conversations this week about financial markets and the economy US Congress agreeing to an emergency spending bill after the fed jumped in with an emergency half a percentage point rate cut that was meant to calm investors and ease financial market conditions wound we see how that went it was a volatile week to say the least let's bring in markets editor Mike Ragan an economics and appear quite to make sense of it all so let's start with that rate cut you know Peter it reminded me you know all about the financial crisis we have an emergency rate cut by the fed since then right at the fan attempted to calm the markets I mean the problem is that the fed can do only so much when you have something like this it's not primarily a financial market issue would see issue with real bodies and real viruses and it affects the real economy so production it affects the supply side of the economy not just the demand side economies when is the man's side you can sort of goose up people's spending by making money cheaper but what is surprising when goods aren't being produced because people can't get to work that's something that monetary policy is not as good at solving right and so is that why in the market just sort of wasn't buying it Mike well I think the one thing you have to realize when you look at a week like this in markets is that once you introduce that sort of volatility in the market when you have that steep of a drop over such a short time it tends to create both up and downward volatility in other words a big move down one day and then a big move back up the the next day then backed down and the example I I've been using a lot is the two thousand eleven episode when the U. S. lost its triple a credit rating you saw these massive three four percent moves up one day back down the next say back up you know and it's it goes to you know let's talk about how old computerized the equity market has become and how traders in those sort of algorithmic programs are really reacting to signals in the market and they're very good at pattern recognition they know when you see a big drop like this that there's bound to be a balance Sokol last so it all sort of creates a situation where a lot of money is on one side of the boat one day the other side of the boat the next day and back and forth and I think that given all the other news flow sort of cause and you know it's a one way or the other that issue that really explains that the suddenness and the massiveness of the back and forth movements if it does say that folks are saying the market was overvalued equity market they were looking for excuse to sell having said that I think Peter court they're two different stories being told the bond market was telling one story prior to like even the concerns about the buyer's equity markets as they kept going higher and higher we're telling another one and then this week we have what the ten year go below one percent and that's a significant move the ten year yield going below one percent we're starting to feel like you're up here no Europe has had negative rates nominal rates and now the U. S. is coming down towards the zero lower on even after ten years and what this means is that there's not much room left for the fed to act right it's already spent a lot of this ammunition because the fed unlike the ECB and the bank of Japan has kind of been pretty clear that it doesn't intend ever to let the nominal rates at either the short end of a long and.
"massar" Discussed on Bloomberg Radio New York
"With Carol Massar and chasing Kelly from Bloomberg radio Jack Welch the much talked about former chairman and CEO of General Electric he passed away one week ago at the age of eighty four someone who knew him beyond the headlines that most of us read is John Byrne he wrote the book with Jack Welch it's his autobiography was entitled Jack straight from the desk is the lead time with more than a thousand hours a full year a level of intimacy that really no journalist cats with the source and a friendship that certainly continue John joins us from San Francisco so I have to say Jan first condolences I know that he was a close friend and mentor and someone who gave you a lot of advice over the years unvarnished what was your first thought when you heard that he had passed well there was a sense of sadness he was really a larger than life figure and I know that it's almost a cliche but in his case it really fits he squeezed every precious moment out of every minute in his life to get the most out of it he was fun to be with he could be a very scary character when he got mad he was remarkably intense he he was wickedly smart and when you were in his orbit you somehow spell felt special you can feel ordinary anymore and that was and the kind of magic that he had with a lot of people right and he was very much a people person I mean he and he would go right to it well I'm so what what whatever and wherever there was some something that he could provoke he would provoke before you wrote the book with him and I think two thousand one you actually first got to know back in nineteen ninety eight and and you wrote a story from Bloomberg B. R. what was business week at that time it became the longest cover story in the magazine's history take us back that was in nineteen ninety eight what was your first impression of a what was the first time you met him and sat with him do you remember that sure well contrary to what people think he never sought the limelight the limelight sought him it was difficult for him to actually sit down with the journalist it took me a year to gain access to do that cover story so but once you open the door he completely open the door I spent four months I interviewed well over fifty executives in the company I traveled all over the country the different divisions and I interviewed him multiple times and the story really told the the sort of narrative of how does this one guy have so much influence over this massive global corporation with three hundred and fifty thousand employees in a range of business that was truly mind boggling from appliances and light bulbs to aircraft engines and the aircraft engines and power generation equipment how does everyone known as Jack and how does he wield this influence and it really got inside the motivational technique city use to get performance out of the company he would do these hand written notes that became prized within G. two people who really made a difference and and and those things hung in their offices and they were just like the amazing most best honor you could ever get so I got to know him there and then as he approached his retirement two and a half years later he came to me and asked if I would help him write his memoir of course there was no hesitation I agreed to me that experience is like having a PhD in management or leadership I didn't fax spend well over a thousand hours face to face one on one with Jack it was the most grueling experience of my life we fought a lot over what should be included which shouldn't be included he was a very demanding we went through many many many drafts I can tell you some of the chapters went through something like eighteen twenty drafts we'd sit side by side after I would write and to make the manuscript his own he would go over every paragraph every sentence every word we fight over commas and dashes sometimes the changes in the manuscript would be so extensive so one time after scribbling all these notes all over the pages he turned to me grabbed my arm looked me in the eye and said you're going to mess this up aren't you he.
Fed holds rates steady, but opens the door for a rate cut in the future
"The Federal Reserve indicated a readiness to cut interest rates for the first time in more than a decade to sustain a near record US economic expansion, citing uncertainties in their outlook while chairman, Jerome Powell and fellow policymakers left their key rate in the range up two and a quarter percent to two and a half. They dropped a reference in their statement to being patient on barring costs and forecast. A larger miss of their two percent, inflation target this year, so June. For more insight, Bloomberg's Carol Massar and Jason Kelly spoke with Petri spa of Hamco, and IRA jersey. The chief interest rate strategist for Bloomberg intelligence. Let's get to you. Tell me what dump sad at you. What you think is really notable in this latest fed decision, and there was a like mixed thinking going into it in terms of investors the street and now we see in the feds got of mixed thinking, so I think firstly the fed did not disappoint. So the. The market was certainly pricing for the fed to be dovish, and they were I think, just appropriately dovish, I think there was the big risk and a lot of people were thinking that maybe they would take back some optionality and not be as dovish as the market thought, but I think between the dot plot and what they said in the statement, they kind of just met the market's expectations, not a whole lot more, and you do see a little bit of a market reaction because the thing is if the feds little dovish now they could get more. Dovish later so push pests qualley from pimco big takeaway for you. The fed is keeping its options open, if not, it's not going to cut until it sees something bad, because it's trying to save bullet. That's you know, for me if they go number one and number two, if that chairman Powell is very much aware that all I on him where every word every north one just going to dissect it and to extent that he is coming across more hawkish, and painted market sentiment could turn pretty quickly and put your one of the things I wonder is the sort of geopolitical backdrop here, you know, we're heading into a week. We ten days where present United States is going to be a soccer Japan meeting with his counterpart from China, president Xi. Those trade winds certainly are playing through this economy right now. How do you balance that out? If you're an investor what we heard from the fed today, and what we're hearing from a geo economic perspective, investors, look at potential trade war, and, you know, and on the other side of the fed standing by to support the economy. All the good news seems to have been priced in meaning that the market is under subpoena cups by your end that seems to be. Conclusion market is also anticipating that trade war with China is going to be averted same with Mexico yesterday. We saw that after the tweet from the president the market, but he strongly all of these good news have been priced in. But the question is, if the meeting for whatever reason does not go well, or we wake up to tweet that is hostile to China, that does issues are real and they haven't been priced in. So my sense stat investors are still very often, but it's best to consider caution going forward, especially where pricing in the market. I mean I do think about and, and, you know, I think about g twenty right? It's not this weekend next weekend. I do wonder if we get some resolution on some of these as folks around this table have have have termed policy gaps. Right. If we get some resolution between China and the United States. How that think how might that impact the fed? Thinking what it means for interest. I think that's one of the ironies here is that a lot of the angst and a lot of the certainly the market worry and market. Fear is really predicated on things that are, you know, quote unquote, manmade. Right. So these are actually policy decisions at someone can make. So if there is a kind of blanket resolution with all of the different trading that have been going on with the White House and other countries. All of a sudden, you can see not only risk assets do okay, but also quite frankly, the bond market selloff pretty significantly so compared to where the economy is already very rich to fair value. At least where we as the make fair value to be, so you can wind up seeing a pretty big pullback here. And actually, the fed may be take back a little bit of its dovish nece, as well, assuming that these trade problems go with you agree with that. Yes. Especially the last point, where between policy and removal of trade war with the moving in different direction. Meaning that should we receive bad news. News. You know, on trade fed will step in, but should we receive good news on trade? Meaning no-trade war, many people say, oh, that's going to be hugely positive, but consider that if we receive good news on the trade war front that the fed actually has room now to step back and said, we don't need to cut rates because, you know, the economy has been removed or reduced poetry Smalley of Pam, co an IRA jersey. The chief interest rates strategist for Bloomberg
Backlash grows for police use of facial recognition (The 3:59, Ep. 562)
"The. Welcome to three fifty nine I'm Ben FOX Ruben, I'm as actually on Tuesday, San Francisco became the first city to ban. Police use of facial recognition tech proponents of the ban say the tech offers a slippery slope for Massar Valence while proponents facial recognition say that it's a useful policing tool. I as guess, do you expect more cities to follow suit with San Francisco? I think the outright ban is a little bit much. I don't think cities will do that right away. I did see somebody talk about a moratorium maybe they don't use it as, as, as primary method of dentist. Maybe it's the secondary. Or maybe it's used in a very light way. But the outright ban, I think, is a little bit much. There must be a different way to regulate something like this. Well, it's also interesting that this is obviously, not a federal ban. It's still being used in a variety of other places right? Yeah. So I was looking at an article about this, and this does apply to San Francisco police and agencies, but the San Francisco, please does not use this currently. So nothing's changed. There plus facial detect is available at airports, international airports and ports. But that's jurisdiction, which means this ban has no effect on those areas, which means that if I went to the airport, and San Francisco, San Francisco International airport, they could use facial recognition in theory. So it's not like the entire municipality everything in your, the federal you can't can use this. So some additional information about this. The Georgetown Law Center on privacy and technology, which has been looking into facial recognition technology for quite some time came out with a study today, this morning, saying police are using flawed data to run facial recognition searches those include using artist's sketches editing images to add is in lips and searching for look alike. So to me, this seems like if people are already a little shaky on the USA facial recognition tack, this is obviously another point to say, hey, maybe this isn't the best thing. I mean if you were. Night witness go. Hey, get a little, Ben FOX Ruben, this should be able to show a picture of Ben FOX and since he's so well known. Maybe of course, one of the cases actually was Harrelson, David Schwimmer look, lot of people like that. So the idea of saying, this person looks like another person would be usable in the police sense. The idea that computers doing it and potentially getting wrong. Again. It's that final step if, if for some reason, the police are deploying arresting drones. Yeah. I think there's a real problem there. But if there's a person Dan going, this is completely wrong, or this is completely right? At least it should be due process after that. Yeah. I think that, you know, the, the idea that this was proposed in the first place is facial, recognition tech is supposed to be more accurate or more credible than the human, I'd sometimes or it's able to pick certain things up, like, for instance, if you're wearing a different pair of glasses if you have longer hair, dyed, your hair. There are all sorts of different ways to maybe mess with the human eye, which facial, recognition tech is expected to be able to just kind of. Sift through unfortunately with this study seems that, you know, hey, maybe they're messing around with it a little too much. Next up one. Switch to a different subject. We are happy to report, the no Facebook, certainly not listening to your conversations. Not that important seen it actually tested out, this urban legend. I was forced to talk into my phone for about a week and a half trying to get advertisements about chainsaws. And no. I didn't get any advertisements about chainsaws new found no evidence that this is actually real love. The article about this, the point that this would be crazy illegal. Let's not forget that illegal, forget the idea that oh yeah. This would be creepy. It would cost Facebook trillions of dollars and ruining their model entirely that have been breaking the law, this Hauer amount of time that would be just amazingly bad for Facebook. When it comes to the press. So if they're crazy enough to do it, then, yeah, they should be. It's a good point that you mentioned that this would actually cost the company, a lot of money, and there would in fact, be some sort of footprint to show that Facebook is digesting that information that it's actually gobbling up audio recordings from two billion of its users you even several hundred million of those users, there would be some sort of data process that we, we would be able to notice, and unfortunately, security, researchers haven't found that if the accuracy aspect of these ads. I think that's what makes people scared, but it's links to your friends searches that you're, you're looking for, because your friends are looking for friends of friends that kind of weird amazing profile that can create all this data on top of that just reminds me I was going to buy car. All of a sudden it's thinking about buying a Honda Accord. They were everywhere, didn't mean that they weren't there all the time. I just didn't notice them as much right? Wonder if there's a psychological element of I was just talking about cookies and others ads for cookies. But you might not have noticed it before because you're talking about pizza. Yeah. And it's a good point. Alfred ING in his story talked about the. Fact that Facebook doesn't actually have to listen to you at already has a ton of data about you already. But anyway, if you want to read more about these stories, check them out on CNN Ben FOX river on that bridge. Carey. Oh, jeez. All right. You threw me off. Thanks for listening.
"massar" Discussed on Bloomberg Radio New York
"With Carol Massar and Jason Kelly from Bloomberg radio. So Jason's all but impossible discuss gun policy in the United States without really focusing on the political role of the NRA. We're talking about the National Rifle Association, and that organization they spent years developing. This all American image is a flag-draped organization dedicated to defending second amendment rights. But lately, it's been expanding that footprint considerably, right? And we did catch up with reporter Neil Weinberg about historic this. And we should mention Michael Bloomberg founder of Bloomberg news parent, Bloomberg LP is a donor to groups that support gun safety, including every town for gun safety. Here's neil. Well, I think critics have been saying for a long time that the NRA is holds itself out as representing individuals individual Americans. But actually, there are a lot of corporate interests gun retailers gun manufacturers. And so on what people don't really understand is that a lot of these guns are coming from overseas and US gun manufacturers are also trying to sell increasingly overseas. You can see these. Trends in the import and export numbers. So as the industry has become more global, the NRA has become more global and has reached out to non-americans and non-american companies for financial support. Well, and these are companies that are probably well known in the corporate sphere. And certainly to anyone who has followed the gun industry at all. You're talking about Baretta you're talking about Glock, and they are representing both US gun buyers. But as you say foreign gun sellers and that representation, whether it's literal or figurative that the NRA has really is the crux of this. Right. Absolutely. And you think you see two points one is the financial interests, and you see this from Glock, and from tours from Brazil, and so on, but you also see that the NRA is sort of a standard bearer around the world for those who support gun rights, and you've seen this in Brazil with the new president who was just came to. Office. And you also see this very embarrassingly for the NRA in Russia with a woman Maria Boutin a- who's been arrested for operating as a unregistered agent of a foreign country here in the United States. So talk to us a little bit about the flows of guns. Whether it's US manufacturers going overseas or foreign imports coming into the United States. What have we been seeing in terms of those numbers? So if you look at the markets, the US is unquestionably an overwhelmingly the largest market in the world for civilian firearms. And so everyone wants to sell here, and what you've seen increasingly is that the products that are being sold the gun center being sold in the United States are coming from overseas. You've seen over the last two decades from about twenty percent to about thirty percent of the guns. That Americans are buying are coming from overseas. In terms of exports over the last decade, we've seen about a sixty percent increase to close to four hundred thousand a year in number of firearms. That US manufacturers are exporting. According to the data, we've reviewed and learn about political support our money financial support that's been coming from some of these gun manufacturers global gun manufacturers to the NRA. What have we seen there? Well, you might think that the NRA gets most of its support from individuals in the United States who were spending roughly thirty five dollars a person, but they also get large chunks of contributions from gun manufacturers from overseas. And you also have companies like toros, which is a Brazilian company makes fairly low cost firearms sold in the United States gets most of its sales here, and it offers every person who buys one of its guns in the United States and a one year membership for free to the NRA. We don't know exactly how many of them are taking them up on that. But presumably a fair chunk are and what does the NRA say about this? What is their stance on its role internationally? They haven't set a lot. They didn't they declined to speak with us for this story. Although. On some policy issues. They have certainly taken stands, for example. There was a UN arms treaty a few years ago and the US supported this treaty. This was a democratic administration. But the NRA vehemently took the opposite position and sided with countries like Syria. Right. So well, that's what's fascinating too. And I didn't know that. But reading your story to see the positions at the NRA took in some situations would seem almost anti-american are oriented American, certainly they have taken the opposite position that the US government has no obviously, the NRA has its position on policy issues. It believes in giving people the right to to have firearms. But it is also according to what had files with the Internal Revenue Service. It only serves individuals individual American. So who how individual Americans are served by promoting gun rights overseas? Maybe is a bit of a stretch. They would argue, and they did argue that in some cases, if you limit or you have these international organisations limiting the distribution of guns worldwide than that will ultimately hurt Americans ability to buy as well, and you draw a comparison early in your story to what's happening, Brazil, you mentioned Bolsonaro, obviously being sworn in just recently and the comparisons between him and President Trump, and the political implications and ramifications that guns have in each of these countries. There are a lot of similarities between Brazil the United States when it comes to gun. There are a lot of similarities and interestingly enough there the two countries out of one hundred and ninety five countries tracked by the American Medical Association, number one and two and the number of gun deaths, but the leaders of both countries the United States in Brazil field that the answer to this epidemic of gun deaths is looser gun laws. Well, and let's go into that. Because it certainly is a bit of a police. Football, right? In terms of every time that there is a major mass shooting. Right. We often in an odd way. See gun sales go up you do wonder about whether or not an organization like this would have been weakened. It hasn't been now or has it. No. Well, what you find in some pushback any going back to the Clinton administration writing kind of putting more regulatory oversight on some of the gun makers. Sure. And it is times when regulatory oversight is looking more likely that you find gun sales and gun member. Excuse me. Ships. Go up people fear that their their access is going to be limited. Interestingly when it looked like Hillary Clinton was going to win the presidency in two thousand sixteen gun sales shot up and then when President Trump too many surprise won the market collapsed. And you ended up having a lot of gun manufacturers and retailers who suddenly had all this inventory. Nobody wants that's still Weinberg a senior reporter for Bloomberg. And of course, this story, really fascinating. Right. Because we think about the NRA being so American it's an organization, I think that's roughly one hundred and forty eight hundred and fifty years old. It was founded here in the United States. But increasingly Jason this story reminds us, it is going more global, absolutely and those international gun makers, so entrenched in the American gun economy and also the political aspect as the Russia investigation continues. And as we mentioned, Michael Bloomberg founder of Bloomberg news parents Bloomberg LP. He's a donor to groups that support gun safety, including every town for gun safety. You're listening to Bloomberg BusinessWeek coming up. American chain restaurants had a tough year. Twenty nineteenth looks worse. Especially when it's looking for workers. This is Bloomberg. Teens.
U.S. judge orders Georgia to allow voting for some blocked residents
"Be allowed to vote in this election, if they show proof of their citizenship when they go to the polls the more than thirty million Americans have cast early ballots ahead of Tuesday's midterm election turnout is so high some states or even approaching their early turn out from the two thousand sixteen presidential election. Wall Street finished in the red today despite a rosy jobs report in October and a quarter million jobs added. I'm Evan Haning. This is Bloomberg BusinessWeek with Carol Massar and Jason Kelly
GE falls below $10 for first time since 2009 after analysts say dividend cut may not be enough
"Its first earnings under its newest CEO. Let's get into this with Jim corridor equity analyst over at CF are a research on the phone in New York City. He cut his twelve month price target in two thousand eighteen EPS estimates on GE also carrying Ubale heart is our senior industrials analysts at Bloomberg intelligence. She's here in our Bloomberg interactive brokers studio, Karen I want to start with you. We mentioned this stock tumbling to a two thousand nine low below ten dollars. And that's where it sits right now. Ninety six we expected there to be a lot Latin this quarter a lot of bad junk, if you will is it worse than we expected. Walk walk us through it. I think people wanted more. There's a first of all the investigation. Now, people are like how big is that black? All the additional DOJ investigation, adding the goodwill charge that black hole is what scared people for awhile. And now, it just got bigger, and they also said that they have to help fund put more money into GE capital. The DOJ has been looking into that twenty two billion dollar charge that she took in connection with its power you. Yes. Okay. And so sorry, Jim. I it's you take a look at this worse than you expected. I mean what what was the big surprise here? Because we knew that there were some things that obviously got Larry Culpepper predecessor fired. So what really caught people off guard. I think it's the combination of the announcement of the DOJ investigation coupled with the cutting of the dividend by almost ninety five percents wiping out the dividend investors that were in the stock for the dividend. Even though it was reduced from earlier this year already. We're exiting at one cent per share at the same time that investors that were holding on with hopes for restructuring are disheartened by DOJ an SEC investigations. So are we missing something? It's an eighty six billion dollar market cap company. That's expected to have one hundred and twenty billion dollars in revenues. I mean, Karen, it's not like there is value in General Electric in. I think it's it's the unknowns that are scaring people if I look at the aerospace business is an unbelievable business, and it blew this things away in this quarter healthcare is good. I mean, standalone the company certainly got a lot of value in it. But it's just how big are the charges. How much will they pay? I have a thought on the goodwill right off. There's a lot of flexibility on when you have to recognize a goodwill charge. Caterpillar? Four years losing seventy five percent of their revenues in their mining business. And we kept saying are you going to write it down? What are you gonna write it down? There was a clause in their ten. K that says basically as long as you think there is value there over the long term, you don't necessarily have to write it down. I don't know what GE will decide, but we were badgering them to do it. And guess what they were right? The businesses rebounding. It's up twenty five percent from the bottom. And it's not back where it was. So there's that's what I learned. Oh, there's a lot more flexibility in this. So I wouldn't think they're going to necessarily. Have to take an a bigger hit. So Jim what do they need to do? Now. What do you need to hear from call to give you confidence that he's got this ship closer to to write than before? Number one. We need to have these restructurings and he's right down. Stop. We can't have a twenty two billion dollars here. Fifteen billion dollars charge in January and have it keep going on. And on we need to have stability. So that we can have some faith for the future member to Mr. call past set some targets, which they are setting. Are they need to hit them execute on these targets? So you can't really even figure out how to value a stock. Like, gee, you have some kind of firm financial data you could trust that when they tell you a credit revenue or earnings guidance. But there's a good chance they might hit. And they've missed target after target. If the target had endless restructuring, so they need to put a stop to that and start hitting at executing again. Well, okay. But do you expect that Jim to start next quarter? I'm just curious if they haven't given the new guy kind of time to get settled in a seat and really figure out where all the problems are buried so that it can come out and say, hey, folks, here's here here. It all is are we need to be patient and could be expect maybe another couple of quarters where things. We're going to be you know, we're gonna have some surprises coming out. So yeah, I would argue for patients, but if you look at GE investors, angry they didn't give John Flannery six months to to to restructuring program before they start in the door. So you know, it's gonna take awhile to take six months to a year before you can get a ship. The size of a turnaround, but investors are angry at impatient. And they're unlikely to give the company much time. They're worried about the financial side. And they didn't tell us away. They're going to generate real cash. You know, they said we're not doing Baker Hughes. The sale of Baker us shares earlier where we're not selling G casts were not, you know, they haven't given us a way we're not doing an equity offering then how you going to get out of this cash Meyer. So do you think I'll tell you? They change their mind on that. And what's the most likely scenario to raise that money? I think they do change their mind on on some of this. First of all Baker us announced today that they're halting their stock repurchase. Waiting to see what GE is gonna do. Gee, said they're not changing the. Timeframe. So there is some kind of conflict there Baker uses that basically saying, we'll take it. We'll take it. And yeah, we'll take it off the market in advance of the John July twenty nineteen lock-up period. Also GECAS they love that business. I'm not so sure they're ready to do something with that. But they're getting knocked on the door. You know, the doors get knocked down on that aircraft air aviation finance business. I don't think they're ready for that yet. But but hey, Jim just quickly got about thirty seconds. You kept your hold rating despite cutting the price target and the full year EPS estimate why just quickly. There's a lot of value. A lot of value at the company. They have great assets. They are leader in aviation transportation is doing great even though they're spinning it off healthcare is a leader in oil and gas showed stability this quarter. So there are some great assets at GE, and if they could just get they're restructuring halted get the company back on firm footing. There's going to be value there. But it's just a matter of when. It's tough to put a sell on of stock is down there. Thirty seven percent is industrial do want to rotate into the stock. You've seen. The soccer hour over time. And if they could just get some good news going. Rotate back into the sheriff down about ten percent today down forty three percent so far in two thousand eighteen Jim corridor equity analyst oversee far a research on the phone in New York. Karen, you will heart. Thank you senior industrials analyst at Bloomberg intelligence in our Bloomberg interactive brokers studio, you're listening to Bloomberg BusinessWeek, Carol Massar and Jason Kelly. This is a Bloomberg.
Google opens News on Google Assistant to all; and questions with Panoply's CEO
"From a busy Luton airport delays, news, Google have opened up their news on Google assistant developer information, which includes details on how to enable appearance on the Google equivalent of the daily news briefing a full this week. You had to send a cheeky Email to somebody admitted a conference then sent somebody else. You've met three years ago at a conference who then suggested nice man called Gordon then manually approve your Google account as what we did. Anyway, you'll content will still need editorial approval. Last week we reported the panoply had suddenly stopped producing new podcasts focusing instead on its hosting platform, megaphone, panoply, CEO, Brendan Monaghan aunt said some of our questions on the announcement that two new podcast, it's still going to be produced and megaphone is cleverer than the average podcast host refined the full Cuna pod news dot net. We hear that, yes, Spotify is testing pass through according to somebody with knowledge, if the Massar NPR with the driving force who requested spa. Fine. No longer cash, their podcasts than our beat testing with a number of podcasters who are big enough and more or in the cube finding Cleo. A podcast from Canada's CVC has won a major award bro. Consta- says in a tweet at the third coast festival, the EU has passed a controversial. New copyright law includes a so-called relig tax write for publishers to demand payments from links in services, like Legal News, an onerous demand for platforms including podcast hosts, potentially to check for copyright infringement on upload poor trackers published their US twenty podcasts for August lawyer. David Oxford reminds podcasters of the US legal requirements to clearly identify sponsored messages in podcasting. The outline of podcast festival in Los Angeles has confirmed Sam Sanders from NPR podcast. It's been a minute. We'll be one of the guests and the pod news podcast is now in Diese
Stocks end mostly lower, tech shares drag Nasdaq down 0.9%
"Thickness after the close of US trade, and we're going to pick up the conversation in just a few minutes again with Scott Galloway from NYU stern school business. Talking tech talking his book. We'll wait a minute. He said the worst brand which he talked about of the year. And he's gonna give us the best. Best friend decision. Best brand moment. The single moment happened this week, we witnessed it. But we don't know what it is yet before we get to that. Let's get to Charlie Pellett. And I thank you very much. Here's what's going on game. Stop posting disappointing. Second quarter earnings putting pressure on the beleaguered video game retailers management has it weighs a possible sale. Shares of game stop now. Lower by four point
AmEx's forex unit being probed by FBI over pricing practices
"The company. We should also also circle back on American Express company is down this shares down after a reported the Wall Street Journal, the FBI investing pricing practices at its foreign exchange. Operations shares dropped about one point three percent after that report came out just earlier this afternoon. So clearly that's going to be one to watch as well. And when you see those sorts of stories, those those are not things that go away quickly. No, not
Wall Street extends rally, tech leads S&P, Nasdaq to record highs
"I'm Charlie Pellett remove into, the final hour of trading in these two headlines to pass. On to you from the Bloomberg professional service President Trump says the Canada trade, talks are going well he goes on to say. The Canada wants to be a part of the trade accord. Stay with Bloomberg for the latest on those trade talks stocks higher the Dow the s&p NASDAQ all advancing SNP up fifteen again. Now, of five tenths of one percent add twenty, nine twelve that is a record with the SNP above twenty nine hundred. NASDAQ also advancing to a record up seventy two to eighty one oh to
AMD's New Radeon Pro V340 Graphics Card: What You Need To Know (NASDAQ:AMD)
"Some other names s., and, p. five, hundred. Jason three hundred sixty one names, hire one hundred thirty seven lower. Seven, unchanged I know you're the chip guy but I gotta talk about. AMD yeah number one gainer in the. SNP up five point three percent today highest level. In more than a decade they debuted a new graphics card over the weekend it's called the radio on pro v. three forty. Graphics card companies saying it can power the, most demanding, data center visualization workloads it's expected to develop on the. Fourth quarter, but anyway so. It sent AMD hired the whole socks index up one point six percent today Intel. Also gaining one and a half percent AMD's up thirty percent. In a month we have not seen a run like this at some point. We're going to have to bring Ian king to give us some historical context he's been watching this for a, long time and he and I go back aways back to that Early two thousands yeah, when we were watching these names. And. Let me tell you AMD was not doing this back then I. Mean Intel was had a boot on. Their neck proverbial much smaller player right I mean. They've always sort of hung around the hoop in a lot of ways that they had some CEO turmoil Fred time and they. Have never really been able to catch up, but I, mean this has been a just a tremendous them seven. Straight seven, th straight day. Of gains their longest winning streak in two years it's amazing it's pretty pretty amazing. As you say the biggest gainer in the in the SNP. And driving a lot you know that SOX is is an index that people. Really do watch very closely as a broader economic indicator because everything's managed you and me to know
Scott Morrison is new Australian PM as Malcolm Turnbull ousted
"Scott, Morrison has been sworn in as prime minister of Australia hours after his predecessor Malcolm Turnbull was, forced out of, office by liberal party rivals Mr. Morrison. An ally of Mr. Turnbull defeated two other candidates in a party leadership election from Sydney film Massar Scott Morrison and his deputy have presented themselves as the new generation the composer bruised. And battered government back together they've promised to focus on the drought that. Has gripped much of eastern. Australia but as they tried to get back to business huge. Divisions remain in the center right coalition Malcolm Turnbull the former prime minister said that. Australians would be dumbstruck and the polls by this week's political infighting regaining the trust of voters will be Scott Morrison's great
Elon Musk Wants to Take Tesla Private. Can He Make the Math Work?
"Stocks let me just bring you in quickly on a story that we got in the last ten minutes about tesla the Elon Musk Mosca said. To perhaps be hiring Morgan Stanley to help take tesla private earlier this. Week you corrected me I thought it was. Last week we did see that the analyst from Morgan. Stanley Adam Jonas dropped coverage of tesla we thought that that might be because Morgan Stanley was working with. Them we're not seeing a big reaction on the share, price because it's one step among many and the biggest hurdle for Goldman Sachs board and Stanley anybody else that's, brought on. Board by Maas by tesla by anybody else it's. All. About Finding the finance yeah. I know you can write funding secured in a. Tweet but actually having fun insecure. Is a whole
Twitch Plans to 'Aggressively Broaden' its Content and Expand Beyond Gaming as it Battles YouTube
"Today Ben about people watching other people, play video games but they're sort of. Changing their strategy now they have their eyes set on YouTube and some bigger plans. For future growth Carol Massar night talked to Lucas Shaw about. Twitches grand ambitions look, tells about, Twitter of course owned by Amazon tesla bit about though how many people. Are using it so twitch is in the destination for people who like to watch other people, play video games which sounds like something really strange to a large segment. Of the population but there are fifteen million people who come to the site every day. To watch videos it ranges from literally people playing video watching people. Play video games also people talking, about video games but, in recent years the site has tried really broaden what it what it offers and the types of people that. Brings in there? Do they have they've made deals for Korean dramas We'll have live streaming of Julia child they have NFL games they have the. NBA minor leagues all part of this effort to make it out. Of the place for watching. Live video on the internet and suddenly Lucas, it starts to feel. A little bit more like YouTube and YouTube obviously, is the eight hundred pound gorilla in. This space but put them next to each other and help us understand how they. May interplay here sure so YouTube is the place for on. Demand video if you, want to, look up something whether it's a late late clip for a sports highlight. Or a music video you'll probably go and find on YouTube or YouTube really is just the, common language of video on the internet it's the video that gets embedded. Someplace but twitch has grown because of its emphasis on live and if you think about. It most of the are a lot of the TV that we've. Watched historically has been live and, that's really appealing to, advertisers and it's appealing to some viewers and so that's sort of the competitive advantage that which has no twitches. Significantly slower than? YouTube it's not as global as YouTube and the types of video that it has not as diverse but that's something they're trying to change and that Damer demographic. That twitch is so strong in is also very popular on YouTube some of the most popular YouTube stars over the years, Mark the player Pudi tie household names people between twelve and thirty four are gamers in. So. YouTube has started to get a little bit nervous. About this competition from twitch you've seen, them make deals to try to deter twitch let's remind everybody to YouTube of, course is owned by Google or alphabet tell me though about the personalities that twitches trying to attract why would. They want to go to twitch it's, a smaller audience versus staying on YouTube so twitch has. Gone after everybody from Hollywood through, posting lot on YouTube I've heard that they had wondered if somebody like Will Smith would wanna post on there to a more traditional YouTube style influenced serve. Whether it's the fine brothers who've writing produced a lot of shows for for YouTube or gee-gee. Gorgeous he's a famous lifestyle Silencer and they would go to twitch because, they can't rely on YouTube for all their money obviously Will Smith makes plenty of money doing various things but if you are. An influence for example you may have built your business, on, YouTube but YouTube is a somewhat. Unreliable partner and there's only. So much money you. Can make from a low low margin advertising there so you go to twitch because. You can sell subscriptions one of the most common ways. For people to make money, there is, getting somebody getting your fans to. Pay five dollars twenty five dollars a month to subscribe to, your channel and that subscription feature is not? Nearly as common on YouTube as it is. On twitch yeah and that's a really interesting point this idea that Amazon. And twitch have been much more comprehensive it feels like in terms of creating a business model with multiple revenue streams the other obvious, thing it feels like is it's part of Emma's on Amazon is all about commerce and so many. Of these online personalities Ultimately do and I'm going. To drop some knowledge here. They make their money on merch right You can tell the influence that twitches had on some of the changes that, YouTube has made so, all these tech companies you made the point YouTube is owned by. Alphabet which is on Amazon they're all fighting. For control of every single dollar that we spend and so they. Tend to copy one another if they see, a feature that somebody else has that they. Like so to your point about merchandise Twitch has made it pretty easy. Or at, least, has tried to make it easy that if you're watching somebody on twitch you can then go and buy something, from them or something that, they recommend, on Amazon YouTube has recently. Rolled out a couple of features. That look a lot, like something you would find on twitch both. This ability to subscribe to different channels but also the ability to buy merchandise? And post links from your video and so? Yeah you see these different companies in through video trying to just get you to spend as. Much money as possible whether it's advertising subscription merchandise so on and I'm curious, to Lucas's there's something. That twitches also offering I mean you you you write about IRL's. In real life videos is that something that. Twitches doing more readily more easily than YouTube is doing and that's. More attractive to to online personalities Well I. Look at an an video kind of like a YouTube blog they're both personal updates about whatever's happening in your, life and blogging is one of the most, popular formats on YouTube as well the difference again becomes live versus edited. So on, YouTube, people will spend a day up our editing and making sure that their log is perfect on twitch you don't, have that option Luca Shah, as always, great stuff thanks so
Bloomberg, Turkey and Elon Musk discussed on Bloomberg Markets
"Crisis in Turkey could bleed globally and create a bit of contagion equities right now trading lower with the Dow down about three tenths of one percent volume, though, given it summer a little bit on the light side. Not surprising s. and p. five hundred volume is roughly twenty percent below
"massar" Discussed on Wall Street Business Network AM 760
"With carol massar and jason kelly from bloomberg radio oh the volvo clearly in the pop culture there carol the company this week opened a new plant in ridgeville south carolina to build it s sixty sedan to be sold around the world and that's including back in china the home of volvos parent company geely automotive holdings carol you actually had an opportunity to talk with the ceo volvo the day he opened a new plant this is the first american plant manufacturing plant volvo tell me what it means for the company really know for the first time we are truly global company exporting of you really fell we will build them in europe we will be them in america we beat those things so these really complete say of course a means that snl we are that is absolutely essential when the morning come closer if you everything was absolutely right interesting you guys are truly i feel like an international company if you think about the heritage of although a swedish brand now owned by a chinese automaker a chinese company now manufacturing here in the united states tell me though about this growing wave of protectionism obviously the trade talks that are going back and forth and it looks like the imposition of tariffs certainly between the united states and china and others what does that mean for you folks because you're planning to export a lot from this facility here in south carolina i think the only industry but of course i utions say november factory you're in the us four three that would be even more nervous we believe reading freetrade because that needs three humor's we believe in that it should be fair trade both way that is really what also to demonstrate these factory when is fully used in three years time it takes to to the us three years of course we review it wouldn't be enrolled back there we would jeopardise great for them curious to with china now planning retaliatory tariffs against us made autos will you folks keep making the s sixty which will be producing out of his ability in south carolina we though continue making it in china for some time we than time these the dynamic six carolina two us i wouldn't be in jeopardy in terms of production capabilities give me an idea of how much will be coming out of the south carolina facility i know the sixty you guys are unveiling it this week how much do you plan to produce and how much do you plan to grow that production skopje's for both species that makes more than within three years time we will introduce the new generation nine and then we will use this factor capacities four hundred fifty thousand a year and a half of that export number seventy five is more or less than same number that we import european china into the us and we would have a balance what is it about manufacturing in the united states why do in south carolina you can do it anywhere you're going to be exporting big time from this facility why pick the us was it about tax breaks what was it in particular achieved labor force i'm trying to understand of course he is really shaping up days mexico friends with everything i think we need a commitment and to our consumers showing that we are really portland long around them from from the government the issue reach i am more than ever position.
"massar" Discussed on Bloomberg Radio New York
"This is bloomberg businessweek with carol massar and jason kelly from bloomberg radio oh oh the volvo clearly in the pop culture there carol the company this week opened a new plant in ridgeville south carolina to build its s sixty sedan to be sold around the world and that's including back in china the home of volvos parent company geely automotive holdings carol you actually had an opportunity to talk with the ceo volvo the day he opened a new plant so this is the first american plant manufacturing plant for volvo tell me what it means for the company means really that now for the first time we are a truly global company earlier we were exporting we will build them in europe we won't be them in american we'd be in china so this really completes a creation of production structure doing so force means that after many many years mel we are local i think that this absolutely essential for our ability to grow when these mortgage you'll have to come closer to customer to know what they prefer in the future here location we think was absolutely right it's interesting you guys are truly i feel like an international company you think about the heritage of although a swedish brands you now owned by a chinese automaker chinese company manufacturing here in the united states tell me though about this growing wave of protectionism obviously the trade talks that are going back and forth and it looks like the imposition of tariffs certainly between the united states and china and others what does that mean for you folks because you're planning to export a lot from this facility here in south carolina so i very worrying and i think the whole industry but of course folks you should say november factory you're in the us i mean that's really a good step forward good grief we wouldn't have had that would be even more nervous we believe really in free trade and that is because that is really on humor's victor we believe in that it should be fair trade in both way so that is really what reality also to demonstrate these factory we'll when it's fully used in three years time if we export as many cars as we import into the us would be have a balanced trade about three years if we can use these factor and if nothing happens of course when we knew tariffs and that wouldn't be back that happened then we would of course jeopardise half for the oaks we plan to create here four thousand half of them would be assembling i'm curious to with china now planning retaliatory tariffs against us made autos will you folks keep making the s sixty which will be producing out of this facility in south carolina we though continue making it in china for some time their motives this dynamic sixteen going to south carolina export that to us to europe so they would be higher salaries of course owner those vans being yet for new in terms of production capabilities give me an idea of how much will be coming out of the south carolina facility i know the essex sixty you guys are unveiling it this week how much do you plan to produce and how much do you plan to grow that production to step visible shift operation around fifty sixty thousand cars that's why we start and half of that remains within three years time we will introduce and the new generation exceed nine and then we will use this factor up to the capacity it's been four hundred fifty thousand a year and a half for that would then be exported that number seventy five is more or less than same number that we would import all european china into the us we would have it balanced what is it about manufacturing in the united states why do in south carolina.
"massar" Discussed on Bloomberg Radio New York
"This tuesday and carol massar along with bob bob we've talked an awful lot about the lack of women in the c suite the lack of women in the world of technology silicon valley and this is also true when it comes to the world of private equity it's two thousand eighteen for goodness sake it with it you're preaching to the choir we're gonna dig into this our next guest did some research into this or we're going to talk about that in just a moment i go back to your world of business and a look at today's trading session here is once again charlie pellett thank you very much carol massar thank you bob asked impede just turning negative lower now by point little change but down nonetheless we've got the dow now tumbling fifty seven points down two tenths of one percent nasdaq up twenty one that is a gain of three tenths of one percent the economic landscape bob brown is chief investment officer at northern trust he was interviewed this morning on bloomberg television growth story when it was in place and there's still some momentum there is going to be positive for all risk assets so the way we look at is growth around the world and the fact that we would assign that very low risk of a recession to either europe the us or china that that bodes well for all risk assets and so you as you wanted be overweight global equities with a preference for us assets the labor department says us inflation accelerated and may the fastest pace in more than six years reinforcing the feds outlook for gradual interest rate increases while roading wage gains remain relatively tepid despite an eighteen year low in unemployment a survey from the national federation of independent business finds a measure of optimism among us small business owners rose to a thirty four year high amid increasingly sunny expectations for sales and profits the index up.
"massar" Discussed on Bloomberg Radio New York
"Businessweek with carol massar and jason kelly from bloomberg radio let me tell you then vowels and all right everybody we do know birds do it we know bees do it so what is holding back us millennials there's a lot of issues that holding back the younger generation from starting their families and it's more than just career visions you're laughing laughing because this really comes down to living in their parents basement not making enough money and having a whole lot of student debt we heard more about this from peter coy sanitary peter cory i look around my neighborhood and i see tons of strollers everybody having babies i look at my colleague who just had a baby story yeah true story but you write about that americans aren't having as many babies came up in the national center for health statistics that the birth rate in the us fell again in two thousand seventeen back down to his lowest level since one thousand nine hundred seventy s and this is the prize because the birth rate fell back in a financial crisis oh seven or eight oh nine things were really bad pullback understandable and afford to have cancer they lost their jobs but it was widely expected that it would recover along with the economy sonali the unemployment rate down to three point nine percent the second longest expansion in history and yet the birth rate rather than rebounding is continuing to go down so why that's what the story is about i tried to argue that it's because the general health of the economy is very good masks problems with the young people who of course are the ones who are having babies right or should be having two babies we blaming the millennials again for this well it's not a matter of blame they're actually the victims in this thing and i'll give you some examples it doesn't show up in the unemployment rate is not particularly high would where shows up is the employment to population ratio so this reflects the fact that people staying in school longer when you're in school you're less likely to start a family or you're dropping out of the labor force entirely so for both the twenty to twenty four age group and the twenty five twenty nine age group according to date i pulled off bloomberg the employment of population ratio is more than two percentage points down from where it was back in oh.
"massar" Discussed on Bloomberg Radio New York
"This is bloomberg businessweek with carol massar and jason kelly from bloomberg radio i think this is going to happen they very much want it we certainly would like to see it i think the summit will happen and personally i think it's going to be a success but we'll see i will say this if it's not a success if it's not a six got to get rid of the nuclear weapons if it's not a success i will respectfully leave it's very simple that's president trump earlier this week talking about a potential meeting with kim jong un the leader of north korea matthew phillips edited the story this week about kim's negotiating strategy and he joins us now north korea obviously is top of mind for everyone and in this week's issue you go into this potential summit through the lens of the art of the deal tell us about this we wanted to as a way to give readers something they kind of kicks this forward and looks at things from the perspective of north korean leader kim jong un we wanted to look at how he has actually played this entire situation quite well without giving away almost anything he has he has made a lot of gains and so we wanted to look at this through the lens of donald trump's famous book art of the deal and how if you go through some of the sub sections and apply some of the lessons that trump lays out in this nineteen eighty seven book it looks like kim has read this quite closely and is it hearing to some of these notions that trump puts out there the idea that kim as a masterful negotiator is something that we haven't read yet and that's where we wanted to be in the magazine this week.
"massar" Discussed on Bloomberg Radio New York
"Markets with carol massar on bloomberg radio just need everybody bloomberg markets on this wednesday afternoon on carolmassar inner bloomberg eleven three oh studio i want to bring our janet lauren endowments reporter here lemberg news also joining us in our new york studio and she's been following very closely that new college endowment tax that was put into effect is part of the tax overhaul plan but now there's a bipartisan move to get rid of it what's up with that so last week to congressman a republican and a democrat introduced bill together saying that this endowment tax should be repealed last year the tax was passed as part of the overhaul tax bill and assess his one point four percent an excise tax on annual investment income and it affects colleges with at least five hundred thousand dollars of endowment per student that's roughly going to be about thirty schools usually you know you think of the richest goals harvard yale princeton stanford right but it also would have an impact on some of the smaller liberal arts schools that are quite wealthy such as amherst williams pomona etc right business school becomes wealthier right they're more likely to be included although it just depends on the ratio in the number of students for example the alma mater of john delaney though democrat of maryland columbia is not on the list because of the parameters it has a lot of students so it doesn't it doesn't fit in and they're not quite as large as a yale or harvard.
"massar" Discussed on Bloomberg Radio New York
"Massar and julia chatterly from bloomberg radio he law the new you've had a million dollars aid could be because you're high powered c e l a banker a celebrity or even an athlete it could also be because you're an expert in artificial intelligence the world's biggest tech companies are doing enormous pay packages to lure top talent to develop a systems jeff muskets edited the story this week about silicon valley's superstars and jeff joins us now multiyear sevenfigure salaries are pretty hard to come by but there is a new game in town tell us more right him in the past few years after via ceo banker sobered entertainer or pro athlete of the first category now is artificial intelligence expert a half what is an expert yes well in this case as someone who big tech companies generally looking for to help them with digital assists in soared to trainer driverless cars were to upgrade fish recognition software that sort of thing but now there is a pretty wide range of of industries interested in ah what qualifications do i need nice the critical playing hand because you know i've got a nasty gray could i qualify what else do i need well the the sort of baseline requirements tend to be its via level math answers to go understanding and then you need a sort of grounding in the key programming languages by thon tents were flow that generally underlie most contemporary machine learning systems what's interesting about this story is you talk about if you want a seven figure salary you talk about a few categories you can get it but now you can also get it if you're an expert why why is that it is just a supplydemand there's not that many out there in fact that it's hard for people to figure out early because no one's really tracking it politically just how many experts there are a company called element ai which as you might imagine does this sort of of automation on of other companies are montreal was released a report with two ago suggesting that there were most twenty two thousand experts around the world who really capable of building and the kind of ai systems that these tech companies.
"massar" Discussed on Bloomberg Radio New York
"It is a far cry off its alltime high of almost twenty thousand dollars in december from all its bringing our editor at large cory johnson so obviously there's a lot going on with the broader market what in particular brought bitcoin down would we just sort a miracle and carol massar and i did on bloomberg radio as the markets were really melting down today at it was a very dramatic selloff really across the board across all kinds of stocks tech stocks nontextile parts oil selling off and yes cryptocurrencies also off encountered baby and bathwater and i think what we saw is the notion that somehow bitcoin would be a non correlated asset will that's clearly not the case here when the sell off was happening in all the marker so they bitcoin to selling off as well in fact with that what are the most interesting things was that gold which is up just a little bit today really separate this notion that it was a store of value if you go to my terminal right now so the line in the white is it price of bitcoin over the last month and the and the gold colored line with the blue gold emily 'cause it's goal so i thought the beer clever if i made a goal golds going up a little bit bitcoin's going down and and you see that if i go to free days we can change is a little more extreme because he once again gold showing some sort of brazilians in a sell off in bitcoin certainly is not and i think what this shows is that this notion that something is they scored store value only works if people think it that it has value and i believe that the cryptocurrencies that don't have a function to them that are merely meant to be a proxy for something that possible or proxy.
"massar" Discussed on WIBC 93.1FM
"Sentcom ninetythree wibc and around him to show thanks for joining us follow me on twitter robbed him had goal and we love dog talking about this email it came out from todd rick keita currently united state representative running in the republican primary this coming spring for united states senate for the right to take on joe donnelly it's really a three way race at this point there six guys technically and three of the big dogs as we like to say repeater representative luke massar and former indiana state representative mike braun and the email firmer keita pertains to braun and others one thing specifically in there i'm going to get into it just a moment that has really honks me off now juice day quick background on all this for a very long time it was ricky the and massar seen as as the front runners to uh wellknown representatives they got a lot of money to get a lot of conduct say these are the guys and then a couple of months ago mike brauny it it was a state representative from jasper says i i'm getting in and brauny is a businessman self made guy he is i describe brothers like a less ascend trick version of donald trump and braun came out and said hey i'm given myself the raised a million dollars of the eight hundred thousand of it came from himself in the end he said hey there's a lot more of that came from i've in it to win it and i got a lot of money to spend a lot of freetown so there we go so instantaneously we will don't notice some toot spends eight under grand and with his there's a lot more that came from that's going to draw people's attention and repeater in particular has been sharply critical of mike ron and reading a report from our good friend abdul king shabazz of anti politics yesterday it appears that repeated does consider braun to be a big bretton as well shut us when he way this email that were keen to send out entitled if a braun votes like a democrat raises taxes like a democratdotand then the subtitle is did longtime democrat mike braun vote for hillary clinton or barack obama in two thousand eight and the judge of the article is that from 1980 sixty two thousand twelve mike braun voted in the democrat primary that's fine to put that.
"massar" Discussed on Bloomberg Radio New York
"Carol massar and i'm judea chesley panty ahead for you in this hour including a locate president obama's transition from white house to wall street's plus why china is so reluctant to put the squeeze on north korea but first run a patch the hit about a billion people will have had the decision impacted by watson in some way that's ibm chief executive officer geneva matty's speaking with business week editor in chief making murphy at the bloomberg sooner than you think summit they discussed among other things technological disruption and the future of ibm making joins us now to talk a bit about what t learned from the ceo to make a new sat down with the ceo of ibm tinubu matti at a bloomberg event what you want to know from her this was such a fun interview and whenever i do interviews that people like chen al we spent a lot of time watching and seeing what they've done in the past and what i really wanted to grapple with was one there's too big tensions that are at a meeting her career right now one is questions about therefore into artificial intelligence what they call cognitive computing and watson and there's been a lot of speculation that this is the part of the business they need to drive big lou ibm forward right and that isn't delivering up to the hype that they put behind and the second thing i really wanted to talk to her about is this tension between questions are ai but questions about disruption in general and how ibm which is continue reinvented a south america's oldest tech company is in the constant process of reinvention reinventing that business and she's and apart and personal reinvention she's come under fire for her performance at the company uh as as revenues have declined quarter for quarter after quarter and it's always a portent and to look at how she's also from a personal and a corporate responsibility in these incredibly difficult times we face economic disruption obviously political disruption how she makes the choice about where to take ibm where it stands and an where released tries to make its point forward and.