34 Burst results for "Matt Miller"
"matt miller" Discussed on Bloomberg Radio New York
"Is listening. Market analysis that goes beyond the ordinary. Again, I learned another function from Matt Miller today. Bloomberg markets with polls weenie and Matt Miller. Why is this stock so unloved? Weekdays at 10 a.m. eastern on Bloomberg radio. Day as we are seconds away from the opening bell lower that is the direction of travel, not much. This is an afterthought considering the political news of the morning. And that's to me, really notable considering where yields are. We were talking about the shift upward, lower we could see right now at the ten year yield 4.15% almost 4.16%. And to go off script here and our special coverage, we forgot claims it was right when the prime minister came out of the door of 10 Downing Street. We see him with mister Cameron and miss May and with Boris Johnson and claims gave Jerome Powell a 75 basis points statistic. Yeah, which is not exactly what he wants. And there is this fiction. A good number. Good news is bad news, and that's what we're seeing on Wall Street very much dominated right now by the United Kingdom and Liz truss stepping down a really highlighting though. The tenuousness of an inflationary environment for political parties globally. And our special coverage we're on until taught him wins again, right? So then we're going to schedule to the right now. We want to just get a sense so honestly. It is important to put this into perspective and Michael purvis can help us do that. Just briefly, before diving back into the political fray in the United Kingdom, Michael purvis, of top capital, as you've been parsing through, all of the political discussion, how much of a message you take back to markets, to this idea that they are in charge, and they're imposing fiscal discipline. Well, I think there's a really important overarching theme here that we can divine from this whole trust episode here, which is that, look, the fed has been on this sort of America first monetary policy that has been of course very hawkish as it needs to tamp down inflation here in the U.S.. But when you have fiscal experiments overseas that are put forward and that are that are not sensible policies, what it means for global risk assets is really, really sort of magnify here. So you have a collision. What you're saying here is that the range of big weird outcomes for the markets is much higher and you have this collision of bad fiscal policy with what that is doing right now. And I think that's very very, very important. I mean, I think it's a fair statement that central banks generally like low currency balls here. It just makes the job easier. And we're in a state of where we can talk about rate fall, being super high and of course equity falls high. But FX balls are super, super high here. And it ultimately makes the Central Bank, you know, we're all grappling through wind central banks are going to be more sort of not let around the nations by inflation and hydrocarbons. And when they can actually lead as opposed to reactive. And these types of situations only make central banks, whether it's the BOE or even spillover to the bed more reactive. Michael, that's right where I wanted to go. You know, sharing to join us later in this hour with a real focus on the United Kingdom economy, but as mister pervis folks talks about in the course of his careful study of the Pacific Rim and ADX, it is thrilling to bring you this morning Nick Bennet Brooke. He is Wells Fargo international economist, but he viscerally understands a Pacific Rim with his heritage of New Zealand and far more is the only person on the planet who has been award winning and foreign exchange in back to back years. Nick, I guess it's good you're not an FX strategist this morning. Pervis talks about FX vol give us the vow we're gonna see on British pound Sterling. Well, I think certainly for the next few days, we can expect this volatility to continue. It might actually be in the upwards direction because you could argue that political and policy uncertainty is reducing in the United Kingdom. And so we might see a bit more of a relief and go back towards the sort of even up to the one 13 one 14 level. So I think we're going to see some further up move. Over the months ahead, I think is the settles will start to see markets calm down a little and we might actually start to see the pound when it's faced with the reality of the UK economy, the pound might start to go back some of those gains. Nick, to what Michael pervis alluded to. And if it is Britain in crisis, maybe it's hungry and crisis, maybe it's Thailand in crisis, will Jerome Powell need to blink because of the international economics and politics. We observe. No, I don't think you will have to blink. I mean, we would still expect the 75 basis point increase at that November meeting from the field. And as one of your I think we still look for 50 and eventually getting to 5% on the fed funds rate. I think the UK events are instructive in the sense of it does come back as one of your previous gifts. Unorthodox or unusual out of the fiscal policies. And we are fairly unorthodox in the case of the UK just in terms of the magnitude and the way that they were delivered. And it doesn't look like here in the U.S., for example, or even across the Eurozone in general that we're going to see such expansive fiscal policy. So for the major markets, I think it won't be an issue. But for the markets that you mentioned, the likes of Hungary and Thailand, they may face some challenges. Michael purvis still with us and Michael, I'd love to get your take on what Nick is talking about, that there is some more stability, but the stability speaks to a more significant downturn, at least in the short run based on the lack of borrowing. How much are you factoring that into some of your outcomes in your thesis? Well, look, I think what this whole trust episode really sort of reiterates is that we need kind of boring policy, if you will. And I think there's this inevitable tension where a politician's biggest and one of their biggest enemies is surging food and energy inflation. And there's always sort of a temptation to put in novel novel fiscal policies when they're not when they're actually the worst things for the situation. So we kind of need to see things get a lot more boring. But I agree with my co guest that I think for the major markets here, if things can be a little bit more static and stable, then more of the blow ups will be relevant relegated to more than niche, the niche markets here. But I think if the takeaway here from this trust situation is that she's gone and we're going to go to a much more technocratic and less quote unquote innovative fiscal policy. So responses to this high inflation, that's going to be. Enhanced market stability here, which is sorely needed. Perhaps another way of saying talk of MMT might have died a very rapid death over the past few months. Nick Ben and brook is still with us. I'm wondering what this means in terms of energy policy for
Fresh update on "matt miller" discussed on BTV Simulcast
"Paul Sweeney and Matt Miller. Are there some sectors that you want to have more or less exposure to? We've got to vaccinate the whole world analysis of the days Wall Street action. What's the thought on apple here from Bloomberg intelligence, Bloomberg opinion and influential newsmaker. The bond market was the boss. Bloomberg markets with all Sweeney and Matt Miller. Subscribe today and Bloomberg radio dot com. The Bloomberg business app or iTunes. Headline inflation the one that we look at most as hit its highest reading in October 10.6%. Core inflation has been very high as well at around 5%. And I would like to see inflation having peaked in October. But I'm afraid that I
"matt miller" Discussed on Bloomberg Radio New York
"Your local listings for the cable or satellite provider in your area. Market analysis that goes beyond the ordinary. Again, I learned another function from Matt Miller today. Bloomberg markets with poles weenie and Matt Miller. Why is this stock so unloved? Weekdays at 10 a.m. eastern on Bloomberg radio. A life from New York looking for a bounce here up a half of 1%, just about a four tenths of 1% on the S&P on the NASDAQ for ten to 1% also. On the Russell small caps have 6 tenths of 1%. On the quarter, on the quarter on the NASDAQ, third straight quarterly decline were poised for here. Worse since the third quarter of 2002 that losing streak, some real, had no idea about this, and accordingly declined with set four on the S&P as well. Another quarter of it, longest quadrillion losing streak going back to 2009. We haven't seen this for a long, long time. That's the equity market story. Here's the bond market, all over the place. Your ten year now, 360 nine 21, the old 11 9 basis points. We've gone from three 4% early this week and down to 360 nine quite a range. You want a bigger range than that. Look at pan Sterling. One O three 50, Monday morning. One O three 50. Then all the way back through one 11 looking at one 12 and now back to one ten. 71. We've got to speed with this one, some. Cable, what a range. The range is there and there is some resistance. You mean you can make a chart and up up it goes and there's something that has to break through, but what's important you're on a weekly chart John there's no support technically it's what I call soup and that it's hugely indeterminate and that tells me John, it's based off every single Bloomberg headline and red sticky that we're going to see from the trust government. That's really, you know, you may get some liability driven scandal and derivatives, but to me it's mostly the trust government news flow. Yeah, and getting a sequencing in order and Lisa also there were some thoughts this morning that maybe that accelerate that planned economic forecast from the OBR and that doesn't seem to have happened in that meeting this morning. Well, not only did that happen, but our reporting is that they didn't even request it. So John, you do have to wonder, are they even thinking like that? Are they just hoping F the storm will pass? And if we just jawbone enough, the markets will cooperate. We'll see. We'll see. Meanwhile, one thing that I'm looking at, and that's on the sort of macro picture that you were talking about is just some of the specific names as they report earnings and Nike really caught my eye. The good news, I guess, is that you can get things on sale there. That seems to be the takeaway headline here because their inventory surged by 65% well beyond what people had expected. Margins came in much more, really difficult for them. Basically, they have all of this stuff that they can't sell as quickly as they thought that they were. It's building up and so they have to discount it aggressively to get it out. They're not alone. Those shares down nearly 10% in pre market trading year to date. It's been a bloodbath in the retail sector. I mean, it's been incredibly difficult at a moment where they really haven't kept pace with some of the shifting trends in shopping, as well as just people buying less stuff. Nike shares down just not even including today's move intraday. If it sticks, 43% Adidas down almost 60% as they deal with some of the same issues and Under Armour down 64%. So actually with all of this, Nike's actually doing the best, but it is an incredibly difficult moment, and this is one reason why investors come on. And they're looking for an entry point for some of these. They say the early next year and this goes to the point that Michael hartnett over a Bank of America was talking about at a certain point, if we just completely stripped valuations to such a low level for some of these names that got first that were hit hardest and first that they start to become attractive, perhaps when we start to understand the scope of the downturn. Lisa, thanks so much. Right now on what you're going to do to restructure for Q four, restructure your life as we're all poor and the equity market Marvin Lowe joins a senior global macro strategist. It stays treat. Marvin, when you take the global strategy and you fold it into the investment strategy, what is your to do list the first business day of October? I mean, I think you're still trying to assess how comfortable you feel with the path that's been laid out on the monetary policy front. If you're getting comfortable with that, you could certainly talk about some of the bottom fishing that Lisa talked about. We, on the other hand, still think that there's a great deal of uncertainty. So you stay defensive. You still continue to look at the shape of the curve that puts you into defensive position and the solid strength that seems to be making its way around the world. It is something that will likely continue in our view. We have seen central banks in some forms blank in the last number of days, and all my reading Marvin, including this weekend, whenever I see the word hope I circle it because that usually means danger. What is our hope for the Central Bank of the United States? What are we hoping Jerome Powell does? I mean, I think we're hoping that they stick with the script that they put out as painful as it's going to be. We see kind of how inconsistent some of the central banks messages are needing to be, particularly around the UK where, on the one hand, they say they need time. But on the other hand, they start to QE again. Certainly a potentially one off. That's the hope. But it really does show how challenging an environment that is. You can't deal with the systemic risk that building in the markets the way you used to because of this inflation. So I think that we really need for the fed to stay with their message and make inflation the main enemy that they're going to fight. Marvin, we just had biggie chatta on a bit ago here on the show from Deutsche Bank. And he was saying, he still thinks that you could see a 4700 level on the S&P by year end because of a bear market rally. Are things that volatile that you could see that kind of move that you could actually see rallies of a significant magnitude that would give you as a defensive investor, an opportunity to sell. I mean, 47 feels pretty aggressive to me You know, it would be a repeat of the summer for the most part. And I don't think we're going to have an environment that allows us someone to repeat if anything, the fed is in a mode to make sure that doesn't happen again. Can we have a bear market around? Sure. Absolutely. You know, 8 to 10% in this kind of environment is not unheard of. And it does provide you an opportunity. If you're short term in nature, you know, I still, you know, I still think the U.S. stocks are the long term is part of your portfolio, but between here and there, there's going to be a lot of volatility around it. And I add that to certainly has crept up, but it's not at concerning levels. So you're really haven't had that feel of capitulation, even though you've had as much volatility as you've seen on the flights front. Marvin, you said that we haven't seen that capitulation yet. And that certainly has been what a lot of people are saying. But around the margins, it feels like something is happening that is different now than a couple of weeks ago. Over the past week, we saw the biggest withdrawal from U.S. investment grade bond funds on record. We have seen losses in that debt
"matt miller" Discussed on Strong By Design Podcast
"And we're going to talk more about that. But when at what point did you say, I think I want to pick up an Atlas stone. I want to, I want to carry a refrigerator on my back, or all these things that we see in strongman competition. Like, what got you going in that direction? Obviously you had success, but again, a totally different thing. Well, I kind of thought that was a natural desire for most young ladies. Right. Most women I know are like, I think I'd like to just pick the whole oven up and carry it across the kitchen. Oh, definitely. Yeah. But in all seriousness, with powerlifting, love that had many great competitions and other great stories I'd love to share and I learned so much more. That created such a great base or foundation because you need to have so much strength for strong man, strong as in the name, but in powerlifting, it's a static sport and strong man you have to be freakishly strong while also being able to move athletically. You have to be fast and you have to have much more conditioning and there's a lot more variety from one competition to the next the events very pretty dramatically and with strongman competitions, there might be 5 or 6 events, maybe as much as 8. I think when you get to the big world class competitions and you get awarded points for your placement in each event and then those points are added up and after all the events are added up, whoever has the most points wins in terms of how I got into it, I had been competing in power lifting and then I had a double mastectomy. After my twin sister was diagnosed with stage four breast cancer, the doctors determined it was due to a genetic mutation and because of that mutation, it meant that if you have it, you have nearly a 100% risk of developing breast cancer in your lifetime. The bracket two gene as it's called. And so my twin sister had her double mastectomy, a little while later. I had another sister who tested positive. She had a double mastectomy, and then a month after that, I had my preventative one so that I didn't have to walk the path that my identical twin sister walked. And she saved me. Yeah, can we just pause right there for a second? 'cause that's a lot to take in. So you have your two sisters two sisters. Yes. And one of them, which we've talked about in a previous episode, if those of you listening who are just getting familiar with Joe and her story, please go back a few episodes to listen for the one with her twin sister that's now in heaven. But what does that what is that period of time like for you? Your family. I mean, you're all fighting really the same battle. And this is all in a very close period of time going through this together. The three of you. Well, with my twin sister, we were definitely devastated with her diagnosis, but by God's grace, we were given just a hope and a piece that only God can provide. And while it was super hard and traumatic, I've got provided so much. And we saw a miracle after miracle, but it was really heavy, having so many of us have to have these surgeries, although I felt like it's not that I have to, I get to. My twin sister didn't get the warning sign. And she got it and had to go through unbelievably brutal treatments and for me to be able to learn from her, she saved my life and my sister, my other family members and for generations to come. Now our family knows, whereas before that, no one knew that this was a mutation that ran in the family. And eventually our daughter, Matt and I, with our daughter coming in June, she'll eventually be able to get tested to see if she's a carrier. And there's things that you can do to prevent it. So very heavy, but I saw my twin sister overcome the surgery like a champ and then my other sister, Jenna, who also was a champ through her surgery and so brave, and then I went through it, and I had learned so much from both of them, and after competing in powerlifting a strength sport and then doing that, I didn't know if I'd ever be able to compete again. And that was hard because it was such a great outlet for me. I loved competing being a three sport high school athlete playing softball in college, martial arts. I just have the competitive bug. I love it. I can't get enough. And then thinking I wouldn't be able to do that, was very hard, but at the same time, I know that life is more precious than a sport. And so I was grateful to be alive and for that opportunity and I have to say too. I won't go into a lot of detail about the surgery itself, but that surgery and the reconstruction, if you go that direction, obviously it's pretty invasive. First of all, and then the way they reconstruct is the muscles are in different places. There are pools and reattached in different places and there's things underneath and it really so you're talking about something like a bench press especially that was definitely something we kept thinking is Joe going to be able to do that at all much less at a competitive level because the body is physiologic, physiologically different. After that surgery. Yeah, I mean, that was going to be my, you took the words right out of my mouth, man. I was going to say, you know, physiologically speaking, you know, physically recovering from something like that that's super invasive, right? Meaning that it's not, you know, it's not like an in and out thing. This is major surgery to go in and remove a body part to remove a woman's breasts and then to say, hey, do I still have function of my of my arm, you know, proper motion of my arm to do things mechanically that I would need to do just to live life, but then also to be physically active because that's just such a big part of who you are as a human being. To be an athletic sports kind of driven human being. So what's that recovery? Look like for you and then what's that first competition look like for you afterwards? So in terms of the recovery, I was told, don't do push ups for a minimum of 6 months. And by push ups, they meant push ups where maybe you're on their modified on your knees or off of a bench. That would be 6 months, at least 6 months down the road. Although my twin sisters started doing push ups, two to four weeks after her surgery, and I had called her and asked her, when did you start? And she said, two to four weeks. And she said,.
"matt miller" Discussed on Strong By Design Podcast
"Breast cancer, the doctors determined it was due to a genetic mutation and because of that mutation, it meant that if you have it, you have nearly a 100% risk of developing breast cancer in your lifetime. The bracket two gene as it's called. So in terms of the recovery, I was told, don't do push ups for a minimum of 6 months. And by push ups, they meant push ups where maybe you're on their modified on your knees or off of the bench. That would be 6 months, at least 6 months down the road. Although my twin sisters started doing push ups, two to four weeks after her surgery, and I had called her and asked her, when did you start? And she said, two to four weeks. And she said, was I supposed to wait longer? And she didn't know. He's in a pod, both very driven. And so because she did that, actually, that caused me to go sooner into my recovery by, I guess, less than a year, I had worked all the way back to my old maxes in powerlifting. And I went in for a checkup in my surgeon, I told her that I was back to lifting and she said that's wonderful, and I said, yes, and I even have my first powerlifting meet on the calendar, less than a year after the surgery, and she said, wait, what? Power lifting, and I said, yes, you know, when we had the pre surgery meeting, I said that I wanted to be able to lift and she said, I thought you meant weights that are like 5 pounds. We believe that you are strong, by design, and you were made in God's image to have a strong body, mind, and spirit. You're listening to the number one strength and health authority podcast in the world. So let's get ready to unlock your potential and transform your life in today's episode. Hi there, and welcome to another episode here on the strong by design podcast show, your host today, coach Chris Wilson and delighted to have our guest who will also be hosting future podcast episodes. Here on strong by design, that's been on the show previously and part of critical bench for several months. Now, actually, better part of half a year now. And that's the one and only Joe Miller who's joined by her very amazing Superman esque husband, mister Matt Miller. It's so great to have you both together because telling this story and talking about this topic. I know Joe felt very much like, I don't know that I want to tackle this all on my own. I think it'll be a better conversation to have my partner in involved in this conversation to kind of be able to get at some of this stuff a little bit better. And I think frankly Joe is just too humble and doesn't like talking about how awesome she is. So her husband will gladly take the take that over that responsibility. Before we introduce our very special guests, husband and wife, the Miller family. I do want to take a brief moment as I do in all podcasts just to say thank you so much to our listeners. It's why we do the show. We do these shows. We have these conversations. We bring on these amazing guests because we are trying to enrich other people's lives. This podcast is a ministry for us a critical bench. It's currently not monetized. We've been doing this show for four years now, and we're not doing it to make money. We're doing it to help people. And it's a big part of what we do in general here at critical bench. We help people and health walk and their fitness journey and we encourage people and we give them tools and in different things that they can apply quickly into their life to start to see change and to move in a better direction. It's also what we're doing here on the podcast. Only we can explore lots of different topics, right? We can go and talk about the body. We can talk about the mind. We can talk about faith and your spirit and all of these other things. So that's what's so wonderful about the podcast is it gives us this freedom to kind of go in any direction we want to and we have done that in the four plus years that we've had the show. And we will continue to do so. And so delighted to have all of our amazing listeners from all over the world, people from, I mean, it's just amazing. We get people from Europe. People from the far east, people from South America, people from North America. I mean, it's really unbelievable. It is a global show and we're just so delighted that we can impact people all around the world. So thank you so much. So our guests today, Matt and Joe Miller, and Joe, please share a little bit about who you are for any of our listeners who are new who haven't heard some of your previous episodes where you've been a guest who you and of course I want Matt to pipe up too. Yes, well, first of all, I want to say thanks for having both of us we're super excited to be on the show today. And if you don't mind me saying since it's may 4th, may the fourth be with you. Star Wars reference. Oh, okay. No, that's okay. I can handle it. I have a Star Wars shelf over there, but this won't get deleted from the conversation. That you think should be deleted is the stuff that makes the show better. That's awesome. Awesome. Yeah, may the fourth be with you as well. Thank you. A little bit about us, I've mentioned this in previous episodes that I'm Joe Miller or as some people say killer Miller or Joe animal and I've been working as a personal trainer for more than 15 years, a nutritionist, sports performance coach, I also am a adviser for believe big. I've coached high school softball for many years. I love all things sports, health and fitness. I eat sleep and breathe it and my better half Matt Miller, my husband here. I'll have him share a little bit about himself. I will say that I call him Superman because as you learn more about him, he has all the Superman like qualities and he's just been so good to me spoils me and I don't know what.
"matt miller" Discussed on Bloomberg Radio New York
"Country I'm Michael kassner Market analysis that goes beyond the ordinary Again I learned another function from Matt Miller today Bloomberg markets with polls weenie and Matt Miller Why is this stock so unloved Weekdays at 10 a.m. eastern on Bloomberg radio The fed is going to have to raise rates and reverse Q 8 And if they can they're going to try to slow down the economy enough so that 8% starts to come down over time I think people should take a deep breath give them a chance and I think they got to move I think the sooner they move the better deep breath and give them a chance The words of Jamie dime at the chairman of CEO of JPMorgan from New York City this morning good morning with Tom Keene At least Abraham and Jonathan farrow here's the price action in the equity market at four tenths on a S&P on the NASDAQ at four tenths of 1% also going into this fed decision a little bit later Yields come in a couple of basis points two 95 19 Do you think that's what chairman Powell's going to say to Mike mckie later Tom Deep breath Give us a chance Yeah well I think it's going to be there but I think what's interesting is sort of out of the zeitgeist just to see where the descent is today as well And I guess to what we just heard from Greg Staples is to the hawkish twist Of 75 basis points you really think John we're going to see outright dissent where people almost Bank of England I would say it's more likely down the road than today you never know I think there is agreement on moving 50 today going through all the fed speak that seems to be a pretty decent consensus on making that move Then things get more interesting We know where the consensus is We also know where the division is The division is about how far you go once you get to say 2% You know where Jim bullard would want that right Tom He wants a closer to three and he wants it pretty quickly Yeah it's going to be interesting to see and again our coverage at 1 p.m. folks we begin with Matthew lazeti of Deutsche Bank with a recession called the vice chairman Alan blinder will join us in Princeton John we have David blanch flower Dartmouth as well don't we Do we I believe so yes Very cool Looking forward to that It's going to be a terrific set He's going to say but I'm looking forward to that Yeah well we're going to say right now we're going to digress to the issue of the moment which is riveted America And what we do at surveillance as we've done with Ukraine as we've done with COVID is literally fine legit experts That would be a laying Mark Senior fellow at the brookings institute yes professor at Harvard but far more she is a student of presidential success and failure and a book of a number of years ago the end of government as we know it making public policy work allowing you wrote a definitive essay I thought very balanced for brookings yesterday on this raging debate of abortion And at the end of it you predict off of the mask experience of COVID a tsunami of fury When does the tsunami hit hello and thank you for having me The tsunami is hit yesterday It hit last night with the demonstrations outside the Supreme Court I think these will continue And I think what it's going to do is going to increase turnout for the midterm elections So a sleepy and kind of indifferent democratic electorate I think is gotten a big wake-up call And I think people are going to come out to vote in November Perhaps even upending some of those elections which we were assuming was going to go to the Republicans And Linda greenhouse among others have walked through the Mississippi circuit approach and what the Supreme Court traditionally has done is any of that nuance going to matter in this debate or is it so polarized and each and every American so decisive of their choice on the choice of abortion that all the niceties really don't matter It's an interesting question because part of what we're going to wait and see is how this in fact plays out There will be states that will still offer abortion but at 6 weeks or at 15 weeks okay So you know this doesn't mean automatically abortion disappears everywhere And the more interesting thing that's been happening is while attention has been focused on the states getting rid of abortion there are other states like Maryland Connecticut Oregon who are increasing their abortion workforce They are allowing non doctors other health professionals like nurse practitioners to perform abortions They are getting ready for the abortion influx So people are going to be traveling to get abortions Abortions will not be programmed but if people will be traveling as your map shows some will have to travel very far And this is going to like all things It will have a small effect on the well educated and people with money And it's going to have a big effect on poor women who can't afford to travel or who can't even get the information about traveling So it's going to have a very disparate effect but we will have abortion providing states and abortion banned states Here's a question about how this transforms the election heading into the midterms A lot of people saying that this was leaked in part in order to galvanize voters There's a lot of speculation all sides putting all that aside Do you think that this fundamentally reshapes the Democrats chance of actually being a little bit more successful in the midterms I think it does I think it's a fundamental reshaping Particularly in the Senate okay I think that the Senate races because their statewide races as opposed to districts drawn from one party or the other I think this fundamentally increases the Democrats chances of holding the Senate I think there's going to be real outrage at just the interference here in people's lives And the irony is that many of the same people advocating this rather draconian choice about what women should do with their bodies We're also the same people who are arguing for medical choice and medical freedom when it came to whether or not they got a COVID test or a COVID shot So this is going to really get people riled up It has already I think it will continue to rile people up all the way through November Elaine wonderful to hear from you this morning Thank you Ellen came up there of the brookings institution Something perhaps we haven't spent a lot of time thinking about at least through much of this year because through much of this year it was just seen as inevitable that we'd get this big swing in the midterms later this year And a lot of people basically counted out certain fiscal response to what we're seeing with supply chains et cetera because it was just not going to get passed given a divided house that I do wonder whether the shifts this at all given the fact that there does seem to be more voter turnout and it might favor the Democrats more than it would have perhaps in the past First and foremost sensitive to the nature of the discussion but coming back to what we do here looking at the market too early to think about market implications of a shift in the midterms at this point It's never too early to think about market implications It's a forward looking exercise I do think however what that response will be in terms of what will get passed given the fact that the uncertainty right now the band of uncertainty around inflation and basic economic growth is so wide it seems to be a little bit difficult for me to get my head around A very little uncertainty it seems somewhat you can expect from the Federal Reserve a little bit later at 2 p.m..
"matt miller" Discussed on Bloomberg Radio New York
"Goes beyond the ordinary Again I learned another function for Matt Miller today Bloomberg markets with polls winning and Matt Miller Why is this stock so unloved Big day's at 10 a.m. eastern on Bloomberg radio Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app and at Bloomberg quick tape This is a Bloomberg business flash And I'm Karen Moscow and stonks are rising alongside U.S. stock index futures as dip buyers emerged to take advantage of the lowest levels in 6 weeks putting their faith in the power of earnings to keep global equities aloft We check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures up 34 points Now futures have 325 NASDAQ futures have a 104 the Dax in Germany is up to tenths of a percent Ten year treasury down 1230 seconds Yale 2.76% they yield on the two year 2.58% Oil is up a third of a percent of 34 cents at a $102 four cents a barrel Comex gold is down three tens percent or $5 40 cents and 1898 70 ounce The Euro one O 6 two zero against the dollar British pound 1.2597 And the yen had one 27.85 and Bitcoin is up to in a third percent at $39,010 And that's a Bloomberg business flesh Now here's Michael Barr with more on what's going on around the world Michael Darren thank you very much Russia's Gazprom says that it's halted gas flows to.
"matt miller" Discussed on Bloomberg Radio New York
"Traders I'd be Paul Sweeney and Matt Miller Yeah I've got some fat to trade That's for sure All right let me get speaking of my poor health Let's get over to doctor Joshua Harry joins us right now from on And I guess your focus really your company is focused on anti aging research and products I'm also standing in line for that Especially interested in Alzheimer's This is a problem that I think because of demographics so many more of us have to confront what can you do What can be done medically Good morning It's a pleasure to be with you Alzheimer's has been incredibly difficult and challenging There has decades of research billions of dollars have yielded only one new drug and that new drug has been very very controversial as I'm sure the listeners know Because it doesn't really work Many experts have taken that position Our group has focused on a different hypothesis around Alzheimer's disease And that hypothesis is that there's inflammation in the brain called neuroinflammation And that's driving the process There's a lot of data about that Our company is a cell based Therapeutics company on product is called Loma cell B it's a product that's made from human healthy bone marrow and is culture expanded in the laboratory and can be given as a drug as an infusion And because a lot of animal data and because a lot of information that we uncovered that the cells have an anti inflammatory effect they need a lot of sense to test them in Alzheimer's disease And they're being tested right now How do you get the healthy bone marrow We have young healthy donors and they we've established this process over the last 20 years a manufacturer is the product itself in its own GMP laboratory in Miami And because we have access to the product we have tested it in Alzheimer's patients and just published the results of those studies in the journal Alzheimer's and dementia So it's out there for anybody who wants to see it It was published two weeks ago on Alzheimer's and dementia Doctor you know this dementia Alzheimer's is going to be a growing It's already a big issue in our population but will be a growing one as our population continues to age How confident are you within the next I don't know 5 ten 15 years that the medical community will have reasonably effective treatments Therapeutics Well you're absolutely correct It's an enormous societal problem And basically the field has got to be open to testing a lot of different ideas which is where lonely cell D comes in We successfully completed our first study and are doing our second study So we're trying to move as rapidly as we can to substantiate the benefits we saw in the first study in a new study The first study was only 33 patients but it was placebo controlled And then we're now doing a 48 patient study and we hope to follow that up with a much bigger study So we are in the we are capable of moving very very quickly throughout studies and getting the answer So your question about the timeline is as quickly as the studies can be done as quick that's how quickly we can get the answers that new different types of approaches are effective Doc I just have a quick question because it's four 20 A friend of mine has always been worried about the effects of smoking weed He started smoking a ton of weed at his first Pink Floyd concert in the late 80s and stopped last week So is that going to be a problem Do you think in all seriousness do you see a long-term effects of this now widely legalized drug Well like anything it's just got to be tested What we do in the medical community and the BioTech community we rigorously test drugs in properly conducted trials to prove that they're safe and effective That's what we've done below the cell B and that that's what has to be done with marijuana based products I personally don't have an expertise in that area I haven't done any studies but if I was advising my own patients I would just look to the medical literature to try to understand whether there are harmful effects We're dealing with substances that have harmful effects all of the time in society tobacco alcohol So physicians just have to be aware of the medical research I think many believe that marijuana products have favorable effects So we will just find out from the results But I also do want to mention our studies of Loma cell B on aging frailty if I may Well actually we're running out of time doctor hare will get you back on and we'll get some more Let's do it again As soon as we can Yeah doctor Joshua hare cofounder of Again they're focusing on the aging process And boy I would expect that's going to be a growing market for Therapeutics Right now sit down in Washington D.C..
"matt miller" Discussed on Bloomberg Radio New York
"Do to Matt Miller and who's filling in for him You know it's a day that ends in Y so that means it's a day Matt can take off He still thinks he's in European time but we'll track him down But he's got quite a grief out in for us today More than able replacement for Matt and she brings some good news here We've got the stocks up here at the S&P up 7 ten to 1% NASDAQ really leading the way up over 1.2% Bloomberg markets reported joins us here Abigail dude Doolittle on our Bloomberg interactive broker student studio And again what are you looking at right now Well you know it seems that the bullish reversal that we had at the end of the day yesterday because if you remember yesterday stocks were a flip flopping some volatility at the end of the day another update the S&P 500 right now heading to its fourth up day in a row and yesterday we were talking about it with Matt It seems like it's a continuation It seemed like there was the possibility of a continuation of the last two weeks This risk on sentiment this whipsaw toward risk that we're seeing in spades with most sectors higher for the S&P 500 something that's catching my eye a little bit is the fact that a lot of these gains so far have been on below average volume Today we're looking at volume that right now is 20% above average So the buy the dippers today If that's a phrase They're serious And so how do you take that volume the fact that finally we are seeing some robustness there I mean does that illustrate to you that perhaps there's actually some conviction behind these moves Maybe you know there's a bit of a pain trade going on here because this upswing started about two weeks ago And I think a lot of people probably had a hard time believing it So they watched it and then continued to watch it and now maybe stepping in The thing I would caution is we of course have been talking about the yield curve for quite some time We are pretty close to that two ten inverting Now at the moment of the inversion around that inversion if you look back that tends to be when markets are super frothy because it really is sort of a last gasp for the economy but of course as you know that in the past a lot of people are saying this might not be the case this time because this time is different but in the past that has signaled a recession down the line So that's a long way of saying that I think that we're still possibly in some sort of a rolling bear market here If you think back to 2008 January and February were terrible march kind of stabilized April and I believe may were higher and then it was just down from there I don't know that we have some kind of situation like that But I think it's hard for anybody to have a ton of conviction right now given the fact of what the fed is saying that they're going to be doing Are you going to talk about inflation I think you need to look at avocados Avocados Avocado prices Jump to the highest in more than two decades amid tightening supplies in Mexico the world's biggest exporter of the fruit signaling pricier guacamole So get this There is an index Tracking the avocado Climbed 81% this year to 760 pesos that's like 38 bucks For that you get a 9 kilogram box That's the highest in data going back to 1998 There is inflation everywhere There is but I do have an answer to that avocado pain and it's called Trader Joe's guacamole because it is you get quite a bit for $5 So that's one thought there But yeah to your point on inflation I mean it's everywhere I mean we talk about the gas in the cars anything I mean for a long time it's a pain point in real life The question is that everybody's been talking about for also some point of time is at what point do consumers stop spending because they have to spend on the need to have I know in my own life and I'm fortunate I have not had to do that yet And I don't see myself doing that anytime soon That said you know I sometimes go upstate On the weekends And you know not that it stopped me but it certainly not a tailwind the fact that it costs $70 to make that trip But that's the big question And then we had the S&P core logic housing thing to be up 19% That's incredible It's just amazing So it's all throughout the economy And it'd be interesting to see how quickly this will peak A lot of folks were saying kind of peaking first they started saying march then it got pushed out the April Now I hear some people On housing Just a general inflation Just get a peek Well housing would be peaking right now We think back to 6 months ago Well in some ways if you look at not that gas is the inflation tail but I would say it's one of the more important ones It could possibly be peaking because we were at four 74 60 depending on where you're at for 35 nationally Now it's coming in a little bit One point I would say in the housing market that is a real key towel because if you think about 2008 housing started to peak in 2000 6 And then it was downhill from there We have four months of the downside pending home sales and of course is a leading indicator You have rates rising on the horizon no supply It could be a little bit that could be a grim picture So that's something to certainly keep an eye on but that could also be a tell on housing peaking I do want to go there because we're looking at bond yields today They're actually down for what feels like the first time in a long time And it's interesting that you know perhaps it's on perhaps the ceasefire talk but you think that would send you a tire because this is supposed to be your haven trade but yeah Bonds I don't know I feel like they're losing their profile Almost You know it's interesting that you're saying that if we pair it with another haven asset class and to mine the one that I really think of is the haven yet And so as you know it's been selling off selling off Today we finally have a bid in the end and we also have a bid in bonds Now the Biden bonds I would argue that because we had that massive backup basically 80 basis points in about two weeks which is just absurd You know really shows how such a dislocated market that traders really got it so wrong And so they rushed to fix it I would say they rushed to fix it and maybe overdid it And so maybe we're seeing a move in the opposite side to kind of some bondage Perhaps yes I think you're right on that Last week we were talking about that saying the question was selling bonds What do you buy And I was saying well maybe you buy bonds because you're oversold at this point Exactly Our markets correspondent Abigail do a little thank you so much for joining us here And Kati I'm just looking at this two tens on the treasuries.
"matt miller" Discussed on Overthrowing Education
"Educators now. What floor would you like to visit? Well, I'm finishing up my first year of teaching. And while it went pretty well, I guess I'm exhausted. I'd love to learn some new tools and tricks to help create more student centered learning. Sounds like level two is perfect for you. Here you go. And good luck out there. Thanks. Welcome to the education level of Vader. I'll be happy to take you to the level that you need for the best results in your classroom. We cater to all educators. Now, what floor would you like to visit? Well, I'm a veteran teacher of over 20 years. I gotta admit, I'm pretty great at what I do. And the students love me, but I would like to keep growing and improving. Sounds like level 5 is for you. This floor caters to the season pros, who want to learn and incorporate even more tools and ideas in their ever expanding repertoire. Here you go. Thank you. See you on the way down when I'm done. Oh, the level levator only goes up. Even when it feels like you're going down, you're really going up. I can't tell if that's deep and meaningful, or just really confusing. The level of Ada. No matter where you're at, we're here to keep you moving in the right direction. Level up your teaching with the level of 8 or. Hi, it's bad sheva and I am so happy to welcome the awesome Matt Miller back to overthrowing education. I had him on for episode ten, which now seems like a really long time ago. And he is truly one of the best resources for teachers out there. So I wanted to bring him back to share some of his wisdom, techniques and tech tools to take your teaching to the next level, no matter where you're at right now. You might know Matt from one of his many books, including ditch that textbook. Don't ditch that tech and tech like a pirate. Or you might know him from his many courses, which are all either free or very low priced. Or from his free yearly online PD fest called the ditch summit. Of course, there are links in the show notes and on the overthrowing education website for all of the above. And now my conversation with Matt. I am so excited to have the awesome Matt Miller back on the show. And this is going to be a little bit of a different intro, but you can hear a full official bio format way back on episode ten when he first came on. But he has done so much ever since that time and I wanted to bring him on again because I think he is one of the hardest working creative, kind and giving educators I have ever met. I first heard of him a long time ago through his well-known brand, ditched that textbook. And I was so excited when he said, yes, at the time, in that early time of my podcast because I loved what he was doing, and I really looked up to him while I still do. But he also turned out to be one of the most surprisingly down to earth person I have ever met. I've really loved all his resources and courses and books and conferences that he gives to educators either for free or at super affordable prices and that anyone can benefit from. And he is an all things Google for education expert, a tech Ed pro and super creative educator I learned so much from him and of course I will have all the links you need on my show notes and website so you can check them all out but right now I want to welcome you back Matt. Oh my goodness. Can you just follow me around all the time and give me that kind of an introduction? I would have like so much more confidence and encouragement in myself if I just I just got to hear that all the time. That was so kind of you. Thanks much of it. Anytime. Well, you can just replay the episode every time you hear it. There you go. Just download it and just have it ready on my phone all the time. Exactly. Anyway, it's all true. It's all true. And since the last time we spoke, you have been just nonstop, you have new books, publications, you have courses going on, so much. I mean, it was like 2019, so there's a lot been going on in this world since then. Tell me about what you've been doing since 2019. There's been a lot. It hasn't there. I mean, a lot is certainly changed since we last talked. I'll tell you one thing when we got into the pandemic some. That was definitely, I mean, that was an interesting time for everybody in their own ways. For me, it also meant that there was an awful lot of demand for people who had things to share about using technology in the classroom. As you can probably imagine. Yep. Yeah, I had a ton of work from doing that. And with all the remote learning and everything, everybody was just trying to kind of figure out what in the world was going on. So all of the articles on my blog that were about using technology in the classroom, which is like almost all of them. My website ended up like four xing its traffic, like quadrupled its traffic, almost in the course of like a week or something. Wow. It was wild. In the middle of all of that, I started thinking, you know, if there was anything that I could do to help people out, maybe it's to give them some direction on what they can do during remote learning and how to do some of it from the technology side and what are some things you should be thinking about. So I made this free online course called remote learning one O one. I was pretty honest about this. I had never taught remotely, but I saw some of the things that teachers were doing and I knew some of the tools that they had available to them and everything. So I just put this quick, it was going to be quick, and I kept thinking, I want to add this. I want to add this I want to add this and end up being kind of a long free online course. And since I launched it back then and like march of 2020 until now, we've had more than 40,000 people sign up for it, which is blows my mind, but that was one of the coolest things I think is that in the middle of all this panic and frustration and everything that there's this one thing that could kind of help people out. So that's definitely one thing since the last time I talked to you that I've been kind of excited about and hopefully something that's been helpful to people. Yeah, and that was only the beginning of your online courses because then you just kept coming up with more and more different and interesting things not only for online teaching remote teaching but also for in person teaching, which is great. Yeah, it was really, really nice. Yeah. And also, I know the last time you were on, we talked about tech like a pirate, but I know you've written some.
"matt miller" Discussed on Bloomberg Radio New York
"Michael castle Market analysis that goes beyond the ordinary Again I learned another function from Matt Miller today Bloomberg markets with polls Winnie and Matt Miller Why is this stock so unloved Weekdays at 10 a.m. eastern on Bloomberg radio Companies are experiencing inflation but they're pushing it through to their consumers and the consumers are paying up So that's good news for margins That's good news for earnings and for the stock market Consumers can pay up That was Linda dissolved the Federated Hermes senior equity strategist with Tom Keane and Lisa branded some Jonathan farrow futures down two tenths of 1% on the S&P we pulled back just a little bit on the NASDAQ as well down 28 down about two tenths of 1% Lots to get through through the next hour 8 30 eastern So 42 minutes from now get retail sales in America later this afternoon The Federal Reserve minutes And then we have a bond auction in between Lisa mentioning this one $19 billion of 20 year bonds one eastern Yields in a single basis point Tom on tens 2.0329% crude a little higher up one and a half percent to 93 40 John thank you so much What we're going to do right now is just take a pause here with an all of the news that's coming out of Europe and just sort of look at the American landscape into this important retail sales group Critic Gupta coming off a Valentine's Day of course looks at your lack of personal disposable income because it was all spent on Valentine's Day She's got something to do with a lack of savings today What do we got Yeah well exactly we said personal savings as a percentage of disposable income That's going to be really important because if you actually look at what happened with all the fiscal stimulus that really got kind of deposited into essentially bank accounts Well it's skyrocketed to the highest since The Great Depression I mean think about it after The Great Depression People were so scared of losing their money They literally saved all of it for a rainy day so to see that same kind of metric that seemed kind of skyrocketing in 2020 is pretty significant And that's also fuel things like retail sales My chart of the day shows that dynamic going all the way back to the early 70s were really you just see this kind of decline from the 70s down to O 9 The idea that people aren't saving as much as a part of their income John I'm going to tear up here I mean I mean and for radio it's come back You're doing log personal savings to the savings I am you've rubbed off on me You're killing it I mean you didn't drink the Kool-Aid you drank the Tang It's come back to where we were right The headline Right Well almost there We were at 7.1% before the pandemic hit We are now at 7.9% So it's retreating from those levels But at its peak we were almost at about 35% of your income was essentially being saved and that's why you saw so many That never happened with the keynotes Pretty honestly This is such an important point because right now The Rock and the hard place that John was talking about for the Federal Reserve the ability for them To be able to curtail inflation before it becomes a self fulfilling prophecy and slows the economy down Can you weigh in on the fiscal drag which we talked about for a long time and then suddenly heard nothing about that we're expecting to get a $1 trillion fiscal drag this year the most in years as some of those programs roll off Have people factor that in and try to extrapolate out how much that really will impinge the savings rate Well what's interesting is the timing of this all right Because people were saying that the impact of that fiscal stimulus essentially that we got in 2020 and arguably the first half of 2021 Well it would roll off by the end of the summer of 2021 And yet you are still seeing that kind of fuel a lot of spending especially into the holiday season that we saw last quarter So to your point about the fiscal drag well take a look at what's actually getting pulled down in retail sales over the last couple of months We'll push this ahead to the data we're getting at 8 30 The actual declines that you're seeing are in those COVID sensitive sectors You're seeing it in restaurant spending You're seeing it in gas stations You're seeing fewer less spending I should say even in things like cars for example So some of that disposable income that would essentially be spent on perhaps going out taking those trips commuting more That's really where you're starting to see the squeeze and put that into perspective When Lisa you've been talking about this for weeks on end higher gas prices higher inflationary prices feed that into the fact that now you have less money to actually spend in addition to the fact that real wages aren't catching up broadly as well So you have really a flurry of issues here One thing that you do so well is you take a look at the economic read through And then get a sense of the market response Are you seeing a greater market volatility in response to every data point Because we don't know which data matters the most for the fed Sort of the knee jerk reaction seemed to be more volatile than they get all paired and besides really the CPI report and things like FOMC minutes of course fed day The rest just kind of you have this knee jerk reaction and then it comes right back and it happens within say ten minutes of the data release So it's a very quick kind of trader Y algae move What's important to keep in mind though is what this means for the long term I think Gina Martin Adams has been repeating over and over and over again that margins is what matters Well the reason earnings are so good The reason corporate America has been able to put up so much margins is because of that consumer spending ability they're able to eat those costs that are passed on You know just both of you Lisa dive in here I mean I think this is really really important Is that we got retail sales coming out in 38 minutes and we treated homogeneously And I'm sorry on a savings basis the.
"matt miller" Discussed on Bloomberg Radio New York
"Now with Paul Sweeney and the guy who's taking his pay in Bitcoin Matt Miller Absolutely He just needs that little pin number again I am not Although I will say had I taken my pay in Bitcoin from the beginning yes I would be in good shape All right I think I know a guy I can talk to about and see if we can get you paid in Bitcoin I think I know a guy here Let's check in on these markets Rebecca Felton senior market strategist at riverfront investment group located in beautiful Richmond Virginia Rebecca thanks so much for joining us here You are a fellow university of Richmond alumni You know what the mascot is mad at the university of Richmond Wait I thought you were a duke guy Graduate school Ah I see okay So undergrad the mascot is generally spiders Oh yes You never would have guessed that but Rebecca knows that Rebecca thanks so much for joining us here What are you doing in a market where we've got interest rates rising We've got growth slowing how do you have the courage to be in this market Well thank you so much for having me Well for self you know one of the things we rely on is our process and our tactical indicators are still suggesting It's appropriate to be overweight stocks And we are with the preference for U.S. equity and I'll say that and also point out that we've taken some risk off the table in the last month or so We've bumped up our cash just a little bit But that's really for maybe a buying opportunity later not because we're bearish Yeah we heard yesterday we were talking to Phil Orlando from Federated Hermes and he was saying he thinks the market's rallying to 5300 by year end but this first half is going to be choppy And almost wanting to preserve capital I think he said you know for now you sound a little bit more sanguine about the risks the headwinds to face U.S. stock investors for this part of the year Well you know when we put our outlook out in at the end of December beginning of January the theme of it was the return of volatility in 2022 So of course that doesn't mean it's going to be pleasant but we think selection is going to be key having some growth and value and again some cash for balanced if you will against these types of periods and we think that you can navigate through But we do also agree that the volatility will likely continue through the first half of the year Hey Rebecca we're kind of in getting into the meat here of earnings season What do you need to see from corporate earnings here as it relates to maybe valuation here Obviously some people have some valuation concerns What do you need to see from earnings to kind of address that issue Well when you think about where we were in terms of growth in 2021 right They're now forecasting full year 2021 is going to come in at north of 45% And we know that that was coming out of the depth and so now you're looking at a 2022 where you're seeing a deceleration of growth in that 8 to 10% range that's consensus I think for the calendar year that we're in But that has been well known for 6 months or so right So that forward growth expectation has been there And we've also seen a couple of multiple points come out of the S&P 500 as we have navigated through this year So we're back to what we would consider a more normal type of earnings growth trajectory and we think that the current valuations can bear that out particularly when you look at profit margins being so strong cash levels being so high and the growth prospects still very good for the U.S. In terms of yields right now we're headed towards two It seems quickly How much does that bother you in terms of your equity investments And at what point would it what level do you think you'd have to make some changes to your strategy Well definitely north of two most likely before we started bumping up our fixed income I asked that question a lot of our fixed income folks and I think that they reserve the right to hold off on giving a finite number But when you think about the technology space we are still neutral to slightly overlay there but we are still leaning into those software companies because we think it's worth it to pay up for names that have consistency potential as it relates to earnings and revenues And we do expect that they're going to be a little choppy in here as folks digest the fact that rates are going higher but we still think growth will win out and so we're content to stick with the space I'm looking at WTI crude oils off about 2% today but still just below $90 per barrel and that's obviously been a good harbinger for energy stocks actually getting a little bit more love in the marketplace How do you think about energy right here is there more room to go Well we had come into this year slightly underweight energy because we did not expect oil to go as high as it has gone Obviously for the foreseeable future though we expect prices to stay higher particularly with the tensions going on the Ukraine border So we have neutralized that position and we're sitting tight with that at this moment All right So the geopolitical issues are always just difficult to get right Let me ask you just about 30 seconds left what you think about crazy things like crypto Is it too crazy Well I don't have really a good answer for you there It is a space that we watch obviously because companies that we own have exposures there that we do not outright invest in at this time All right Rebecca crazy And I say it's still too crazy It's not too crazy for a lot of people For Main Street Richmond And for maybe even Jamie Dimon in for sure Yeah but I think like Rebecca you know she has invested in companies that are connected He's willing.
"matt miller" Discussed on Bloomberg Radio New York
"Sweeney and Matt Miller both writing their old school stationary bikes for the entire show No I am big on the peloton dude You are Do you know that I did once either SoulCycle or flywheel I can't remember There's video I did it with Kenny poker if you know him from the New York Stock Exchange Yeah and it was me and Kenny and the rest of the class wasn't so diverse Okay There were no other dudes in it Okay I got it All right Do we have a video with that Sadly Sadly it's not pretty but it was difficult Very hard is peloton that hard For me it is Gasping at the end Just clutching a chest but so far so good All right we got a kind of a mixed open here this morning We have Abigail Doolittle here and that is a treat Abigail do a little in the radio studio I think no one knows more about the markets in this building than Abigail do little Or certainly on our floor so it's great to have you here The one question I've been asking the last couple of days is especially our European colleagues have been breathless about the rise and yields and the blowout and spreads I mean if you look at Greece Spain Italy it's just unbelievable and Mark Gilbert wrote a great piece about At some point this is going to affect company borrowing costs right It's going to hit the real economy but we don't see that playing out in stocks You don't see two 3% drops even though we have this the bones have been rising and yield for ten days in a row the longest streak since 2000 Why not When does the fixed income the rates world play through into equities Well first of all thank you for your kind words and it's great to be here Hope to join again Great question Matt and it's one of those things that you know it when you see it I think that we have had a lot of volatility here at least in the U.S. and that's a sign that there is a repricing going on What level though on let's just call it the ten year yield here in the U.S. causes some all out correction as those fears come to play the higher borrowing costs And right now there's a lot of the funny thing about smart money versus dumb money right For the equities guys not rate of change They're just watching for an absolute level 'cause it's much easier to pin up there on their boards and order a pizza But the thing is you don't really know it until it happens 'cause you could say 2% I mean I suspect it's two and a half percent You could really see the stock market's just completely tanked But it could be earlier than that but that's an interesting point in terms of the borrowing cost but it's also a matter of when will consumers no longer pay for rising prices 'cause there's a lot of evidence right now that consumers are still absorbing these costs Harley-Davidson They put up a surprise profit revenue up 21% Tyson yesterday So right now consumers continue to pay these rising prices Not as much for some of the communication services names the services but for goods if you can see it you can feel it Services you mean like a Verizon and telephone or you mean like the streamers Well yes in terms of Twitter alphabet all the alphabet obviously had a great quarter but in terms of that overall sector margins are not as strong as they had been so suggesting But if it's a real world thing it seems as though people are still willing to buy it So when that certainly a housing and what I've noticed in past rate hike cycles is that when mortgage rates start to rise more people jump in because they're afraid they're going to miss the vote you know Yeah it's that odd phenomenon of fomo You're missing out even if you're paying more for it But when it becomes clear you know the other day I had to fill up my tank of gas It was $60 for a tank of gas It's absolutely depending on your tank Most normal people have a 17 gallon That is my F one 50 raptor recently And it's a 36 gallon test They would be a bargain for you And of course it only takes premium gasoline you know Somebody would really do it I actually noticed today Tom Keane and I were talking about the gasoline prices have gone up to 2014 levels On the terminal I think it's three AG SRE G that's right You can see that's intuitive Triple a I know it's a difficult ticker but that's why I remember it and if you graph it out to the max type GP space M it's shocking how high they are although I have to say having come from just come from Germany it's shocking how cheap gases Interesting So it's even much still almost twice as much We'll think back to 2008 at that point it was $5 a gallon and I remember I wasn't living in the city at that time I had a lot of colleagues who were relatively well paid They were carpooling If we go back to that sort of level in terms of price rises I think at that point you could see it start to show more seriously in the stock market But this year's volatility in U.S. stocks I think that it is showing in that They say that the stock market forecasts out 6 months So all of this volatility the back and forth the range I would suggest that that supports investors being nervous about sharply higher rates rising rates at some point later this year You mentioned Harley-Davidson stocks up ten and a half percent today on those numbers And have you ever driven Harley-Davidson Of course Have you owned a part of this Yeah Okay I thought you were just like the sleek Euro I have a broad appreciation for motor vehicles So I mostly have Ducati's but I owned a number of BMWs and how many motorcycles you have A couple of harleys as multiple So I have a love for Harley-Davidson But there's a time and a place But here's the thing about Harley-Davidson They have a challenge of finding younger riders Yeah of course Is there solution to that do you think No Because all the people I see riding Harley davidsons are old white dudes And is that they're all they're all sort of relatively old compared to And pretty But young hipsters You know they're trying the problem is their bikes are expensive They are big carbon emitters even though they're light you know motorcycles And the design hearkens to an age of I don't know a big burly men that's not the kind of thing that the kids want these days They'd rather have an electric scooter All right the stock's up 10.8% It's up 6% year to date up 14% Trailing 12 months Abigail doula thanks so much for joining us We appreciate it Giving us a market update here again Wait a second have you ever done soul cycle or a flywheel No Have.
"matt miller" Discussed on Bloomberg Radio New York
"Market analysis that goes beyond the ordinary Again I learned another function for Matt Miller today Bloomberg markets with poles weenie and Matt Miller Why is this stock so unload Three days at 10 a.m. eastern on Bloomberg radio Life from New York City looking to close out a brutal month of January if you belong and longer than NASDAQ I'm sure it hurts futures down about a half of 1% on the S&P we do turn into negative territory on the NASDAQ right now The next coming in about a tenth of 1% the Russell where the underperformance is the small caps down by 1.2% on the month which had about 7% on the S&P as you might have heard the worst month going all the way back to March 2020 A little bit earlier this morning I promised you to talk about the standard chartered bond market call So we can do that right now Twos tens and 30s and take a look at twos So here's their call They go from 1.1% to 1.6 for the end of Q two And then they look for a move just a subtle move lower to 1.5 to end the year And this is how they frame their call The hawkish list up front and then for them much more dovish as the year progresses So they're looking for hike hike hike hike pause in July and then stop And for that reason they see the peak on the two year in the middle of the year not the end of it So twos right now at one 20 let's call one 1986 one 20 and let's say on the year because we are about year to date at 47 basis points And let's talk about the shape of that curve And bear in mind the standard charter took the fed backs away because the back end of this year gross starts to back away too So twos up a lot ten is doing something but not as much and twos tens rolling over on the year down around about 1718 basis points That's a flatter curve year to date Over the last 12 months time we're down 37 that curves flatter and flatter This is really important folks for those of you in radio John is showing the correct arithmetic chart of two stands spread John to get the rate of change The first and second derivative you go to logs on the Y axis and it's breathtaking how two's tens is flattened The heavy lifting Lisa has come from twos And a lot of that is what's behind some of these calls we're hearing on Wall Street right now And the idea standing at four to Bank of America at 7 heights this year And the idea that they're not going to go much further than frankly the terminal rate's not going to be much higher than it has been in the past And that I think is the highest degree of uncertainty that long-term run rate that we just don't know I think it's a really important point John the terminal rate is a massive guessing game right now And frankly somewhat this week's data may allow people to judge a better terminal rate CK you use the G word And I think it's so important guessing When we talk about neutral let's think about where the chairman of the Federal Reserve was the back end of 2018 guessing He was talking about maybe probably we're far away from neutral Then the market started screaming in December They backed away Well say the chairman last week's arm said that they could hike interest rates may be a fair bit probably without threatening the labor market Again we'll see And as for the labor market this coming Friday mention that Bank of America call as 7 hikes for the year ahead they're looking for a contraction on payrolls On my crunch of negative a 150 K I'm fascinated to see how the market might respond to a negative print on payrolls given this rate high conversation at the moment Bank of America still say full steam ahead but again we'll see A lot of well seeds this morning lease So that should cross at price sanction Let's say good morning for a very busy lady The busiest lady at Bloomberg TV and Bloomberg radio Good morning Caleb Oh good morning John We're all busy here and it's a busy action in the pre market session as well potentially some deal action when it comes to Citrix systems the software maker reportedly about to be bought by Elliot and mister partners for a $104 a share That is slightly below where it closed on Friday and it is trading below that level and pre market this morning around one O two down about three and a quarter percent Also moving to the downside is Robin Hood Remember this stock hit a record low last week than Kathy wood came in on Friday to buy a couple million shares not a lot of people apparently joining her in that though with the stock off about 4.4% before the bell One mover higher is Spotify I'm sure you've all been paying attention to the saga over the last week or so A lot of concern about Joe Rogan's podcast very popular not necessarily the most accurate when it comes to COVID-19 vaccine information So that has created a kind of a revolt Spotify saying they're going to change the rules Joe Rogan apologizing saying he will try to do better research That stock up about 1.8% after wiping off about $4 billion worth of its market cap last week There's also a number of stocks moving higher on analyst recommendations One being Tesla getting upgraded with a $1000 25 price target over at Credit Suisse Dan Levy saying he's hard pressed to find another stock that checks his money boxes as Tesla does It's up 1.4% That's like Netflix getting upgraded over at city The analysts saying yes subscriber growth may be slowing but pricing power is what's going to be important there It's up 2.6% You also had a vista the dental company getting upgraded at Morgan Stanley So it's moving higher to the tune of about 1.4% Tom Thank you so much Now and bonds and I'll say any joins as global rate strategist Columbia threatening needle as well And what does yields do if we do get a growth slowdown That's really interesting conversation.
"matt miller" Discussed on Bloomberg Radio New York
"Podcast with Paul Sweeney and Matt Miller Are there some sectors that you want to have more or less exposure to We've got a vaccinate the whole world analysis of the day's Wall Street actions Bloomberg opinion and influential newsmakers The bond market was the boss Bloomberg markets with whole Sweeney and Matt Miller Subscribe to stay at Bloomberg radio dot com The Bloomberg business app or iTunes Before and after the pandemic Is it driven by politics or by science That may be how we keep track of our lives from here on out What do you think the political effects of that impatience will be And through it all there's been Bloomberg We begin on Capitol Hill the most accurate business world and healthcare news before and after The fundamentals do not justify this price action Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Would you say it's more important to gather information fast or to have it first or to be the most accurate They can really move the needle when it comes to programs It's the level of support you get from companies for this What if you don't have to choose It also has enormous importance for the labor market How do they get ahead of different administrations We see this move towards digital currencies Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening We used to take our freedom of movement for granted Not anymore It's not just that people work for the airline and it's natural to feel grateful for the things that kept you going Does America have a chance to lose our advantage Can we get to her community fast enough so that will be in good shape But really we were just doing our jobs Oxford University is starting a study on patients who've recovered from COVID Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening United there.
"matt miller" Discussed on Bloomberg Radio New York
"Bloomberg markets with bulls Sweeney and Matt Miller on Bloomberg radio All right coming up we are going to chat electric vehicles Rivian I think that's a thing for trucks Tesla cars we're going to get into all of it with loud lo he's on the West Coast He actually focuses on all this stuff and I know Matt fired up for that Plus Liz young she's ahead of investment strategy It's so far That's where the kids bank and we're going to get her thoughts on this 2022 markets boy volatility is the name of the game But first let's go to Greg Jerry and get a Bloomberg business flesh I just saw added his computer working hard for you guys preparing But I'm looking at all that red you're talking about stocks did resume losses at the end of a volatile week as concern about tighter monetary policy overshadowed the strong earnings from Apple Gene Munster though it Luke ventures tells Bloomberg initially the apple's success story should prove to be good for the tech sector We're going to start to put a bottom in some of these tech names Probably over the next three months And I think at the point where the fed starts raising rates I suspect that we're going to start to see Applebee properly rewarded They won't get full credit for this quarter If they did the stock would be up 12% right now They're not going to get it Eventually I think they will be credited for it Apple right now is up 3% and Netflix is down just about 3% S&P 500 is down 7 tenths of a percent down 30 The Dow is down 9 tenths of a percent down 320 in the NASDAQ is down three quarters of 1% down a hundred The ten years a little changed with the yield of 1.8% West Texas intermediate crude is surging now up one point 7% at 88 11 a barrel connects goals down four tenths of percent of 1787 40 an ounce The dollar yen one 1526 the Euro dollar 1152 in the pounded dollar 34 14 Inflation adjusted consumer spending fell last month by the most since February suggesting that Americans tempered their outlays into the latest COVID-19 wave in the fastest inflation in early 40 years purchases of goods and services adjusted for changes in price decreased 1% from November That is a Bloomberg business flash It is time for Bloomberg markets with Matt Miller and Paul swooning.
"matt miller" Discussed on Bloomberg Radio New York
"A Bloomberg business flash Bloomberg markets continues now mister Matt Miller and mister Paul swoon All right mister Greg Jerry thank you so much we appreciate it All right Matt my undergraduate university was the university of rich and Richmond and one of the reasons I went there because I had a really good undergraduate business school and our next guest is also a graduate of the university of Richmond and then she went and shattered MBA from the University of Virginia the wahoos they work really hard at the darting school I remember that when I went for my visit Rebecca felt and senior market strategist for riverfront investment group joins us Rebecca fellow spider welcome happy new year What am I doing in 2022 with my 401k Well thank you so much for having me Yes go spiders We are still constructive on stocks So we're still leaning in stocks over bonds using bonds really Just to protect us on the downside in terms of volatility but heavy on the U.S. simply because we believe the economic picture remains stronger here And more consistent if you will versus the rest of the world What do you think about the 40 60 portfolio 60 40 40 60 Well we for many of us that's sort of where we are from a demographic standpoint right in terms of what our risk tolerance is But we're still in that portfolio probably again 5 to ten points overweight equities And still a little bit overweight cash rather than putting that money to work in fixed income right now So we're up at about 4% cash I think which is a larger than normal position for us that we still would like stocks and cash over bonds All right Rebecca where do I go here in the equity markets I think a lot of us a lot of the folks listening have been maybe even since a financial crisis long the big tech names the apple the amazons of the world and they've done really well But a lot of folks that have been maybe pretty adept here in the financial crisis have done quite well with the cyclical trade maybe some of the energy the financials some of the reopening stories How do you think about that over the next couple of years Well all of the above if you will in terms of the barbell trade that you've been hearing so many people talk about that's where we are We've been there for the majority of the last 6 to 9 months So we are still overweight technology particularly in our longer horizon strategies within emphasis on software willing to pay up because of the consistency of LinkedIn revenue growth On the flip side we have added back to financials and we have these exposure to industrial specifically in the infrastructure space So we also have discretionary names that play into both reopening and stay at home So not trying to ride the fence here but since we still know that we are in an uneven trajectory bumpy but up It seems to make no sense In terms of the omicron scare Numbers are eye popping but it doesn't seem to be bothering anybody in the market Does this seem like the end to you Well it could be a prolonged end I mean I certainly don't know that much about the medical aspect of it but what we've seen is that it is less severe more cases but fewer hospitalizations but that doesn't mean it won't be disruptive in the near term So you're seeing sporadic shutdowns for addict places where people are being told go ahead and work from home a little bit longer And that's going to have some implications for that supply chain congestion that we've had but that doesn't mean it's permanent but to your point the vaccination rates are up The booster rates are up and this seems to be a less severe strain Rebecca how concerned are you that this Federal Reserve may get it wrong may find itself maybe behind the curve which some people are suggesting and maybe be forced to be more aggressive and that could be a problem Well we believe that they have been again measured throughout We think that the market seems to be signaling that they don't believe that the fed is making a mistake rather they think that the fed is striking and appropriate balance obviously There's minutes that you'll get I guess this week are going to be telling because people seem to be sensitive to anything that's a little more hawkish than what was priced in But net net folks seem to be expecting both tightening and tapering next year So I think that or this year I guess I should say We still have to get used to it Absolutely What kind of I mean how important is it to you to think about the balance sheet on wine Is that too in the weeds Or do you think it's going to have a serious effect on the market Or do you think they're not going to really do it Well I think that I think it's going to be data dependent Obviously this week's employment report will be very important in terms of if it does hit that 4% number or even below but then again the Federal Reserve's definition of full employment we still don't know it And we expect that it's a little bit lower than where we are but I think that.
"matt miller" Discussed on Bloomberg Radio New York
"Bloomberg markets podcast with Paul Sweeney and Matt Miller Are there some sectors that you want to have more or less exposure to We've got a vaccinate the whole world analysis of the day's Wall Street action Bloomberg intelligence Bloomberg opinion and influential newsmakers The bond market was the boss Bloomberg markets with bull Sweeney and Matt Miller Subscribe to Dan Bloomberg radio dot com The Bloomberg business app or iTunes Before and after the pandemic Is it driven by politics or by science There may be how we keep track of our lives from here on out What do you think the political effects of that impatience will be And through it all there's been Bloomberg We begin on Capitol Hill the most accurate business world and healthcare news before and after The fundamentals do not justify this price action Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Would you say it's more important to gather information fast or to have it first or to be the most accurate They can really move the needle when it comes to programs It's the level of support you get from companies for this What if you don't have to choose It also has a Norse importance for the labor market How do they get ahead of different administrations We see this move towards digital currencies Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening China's.
Carson Wentz Says Goodbye To Philadelphia Eagles, Welcomes Fresh Start With Indianapolis Colts
"Carson. Wentz officially introduced as a colts. Now that we're day into the new league year and went hoping for world. Class makeover in indy with frank reich. Who made a big bet on wins putting his career on the line bringing the quarterback. They were an excellent match before the colts. Well built around wins. So here's what went said today about his fresh start. You know you gotta just be intentional. One by one build those relationships and like you said respect is earned not giving so. I look forward to earning a lot of guys respect and You know i i. I'm confident that that will happen. Go trike. I'll never forget when i was working out in fargo north dakota before the draft. It was an instant that we just had this connection on how we see the game and how he challenge each other and ultimately make each other better super excited about getting to work with him again. Because i have the utmost respect for the man that he is also. The coach. study is as well guys here with you for the next hour as well as schefty didn't orlowski. Marcus spears matt miller will join us for a little draft talk later but let's get back to what we just heard from. Carson wentz introduced today. Dan alaska simply is this. How does he move. Forward was carson wentz's success this year. We'll start off the field. There are more questions than answers about him right now. So how is it going to turn the bad of last year into the good this year. What did you learn when it comes to relationships. How are you going to be better at relationships. How are you going to be better at leadership. How are you going to be better at handling the adversity off the field. I mean he just talked about earning the respect of his teammates and in the locker room. Think about this. He can go into that locker right now. This is what i would do if i was him. Sit down with those new coach teammates. How did philip rivers do it. Filled came from a different team and he came down year. What did he do. Endeared himself to you guys how did he earned your respect. What's what's stuff that that clicked with you guys because the reality is you don't have to sit here and say that you've got to be somebody or not. You can still be the genuine authentic person that you are but the reality is you should be ever changing. You should be ever-growing. And i liked the fact that he said. I've got to be intentional because the truth is this when september comes. No one cares about your excuses. Excuses or explanations you've got to figure out in the next five months in the midst of unique off season again how to earn. How do prove to your teammates that you're the guy proved to your teammates that you will take over this locker room and become part of it. That's his biggest challenge and once he realizes that off the field is equally if not more important on the field. That's when he can start to rebuild his career. Yeah no doubt. I think self awareness as well like the indianapolis colts need carson wentz to come and fix them as a football team he needs to. They need him to come. Add to what they already have going already building. And there's a amount of pressure on carson winston. He never felt in philly because of the situation. And he walks into. And they are frank reich as well like frank reich has attached is job to carson wentz internally him around and making him the quarterback that that can get team to where they think they can go but india set. They have a good offense around. Obviously they make moves at tackle. They have a good running back. Good receivers a defense that at the top level of the nfl last year. so carson winston is not coming into a bad situation this is a rehab for carson wins. This is not a rehab for the indianapolis colts. He needs to be aware aware of that as well. And look i wish and hope that carson wentz turns this thing around and has a lot of success. I'm just going to sit back and see how he handles the pressure. Because now you're on a playoff team. You're around got dairies. Linda put it out there right here to win. Don't care about what you have to say don't care about your past that these that transpired pencil tired about if you're going to come play for the indianapolis colts come to win. So there's a lot on the line of course a wins but there's also a lot on the line for the indianapolis colts football team as far as where they wanna go and a hell of a lot of framed right for sticking his neck out there to say i'm the guy that can get the carson that we saw in twenty seventeen. And if he is. The indianapolis colts are absolutely a legit super bowl contender.
Strict Security Measures In Place In Washington DC Ahead Of Inauguration Day
"Will be pretty much locked down for Biden's inauguration. It's usually a festive event here in DC Americans arriving from all over and cramming the National Mall this year will be significantly different Police chief Robert Conti. The third city is essentially locked down. I made what the Secret Service is. Matt Miller calls a very concerning chatter online after the Capitol riot. We cannot allow a recurrence. Of the chaos in illegal activity. There will be roughly five times as many national Guard members here in D. C. As there are U. S troops in Iraq and Afghanistan combined, Most of the national mall is closed and the inauguration ceremony itself will be smaller than usual. That disappoints House Speaker Nancy Pelosi. Obviously, we're excited about nominating a new president of the United States. But, she says, What will not be different is the oath. Joe Biden takes Soccer Megane Washington I'm
National Mall closed to public ahead of Biden inauguration
"Washington D. C will be close to shut down for Biden's inauguration because of last week's attack on the Capitol. AP Soccer Mahogany With more It's usually a festive event here in D. C. Americans arriving from all over and cramming the National Mall this year will be significantly different police chief Robert Conti. The third city is a sense We locked down. I made what the Secret Service is. Matt Miller calls a very concerning chatter online after the Capitol riot. We cannot allow a recurrence of the chaos in illegal activity. There will be roughly five times as many National Guard members here in D. C. As there are U. S troops in Iraq and Afghanistan combined, Most of the national mall is closed and the inauguration ceremony itself will be smaller than usual. That disappoints House Speaker Nancy Pelosi. Obviously, we're excited about nominating a new president of the United States. But she says What will not be different is the oath. Joe Biden takes this is AP News.
Washington prepares for inauguration amid threats
"The nation's capital is nervously preparing for next week's inauguration amid heightened security fears it's usually a festive event here in DC Americans arriving from all over and cramming the national mall this year it will be significantly different police chief Robert Conti the third city is essentially locked down amid what the secret service's Matt Miller recalls a very concerning chatter online after the capital right we cannot allow a recurrence of the chaos in illegal activity there will be roughly five times as many National Guard members here in DC as there are you S. troops in Iraq and Afghanistan combined most of the national mall was closed and the inauguration ceremony itself will be smaller than usual that disappoints house speaker Nancy Pelosi obviously we're excited about nominating a new president of the United States but she says what will not be different is the Joe Biden takes Sager made ani Washington
Bob Uecker's memories of Johnny Carson
"Conan o'brien is ending his late night. Talk show career. After what six years later. Yes that is correct. He put it out in a tweet. So create if he said in nineteen ninety-three johnny carson gave me the best advice of my career as soon as possible. Get to a streaming platform thrilled that i continue doing. Whatever the hell it is. I do on hbo. Max and i look forward to a free subscription. He will have some type of sketch comedy show on. Hbo max but his late night tv talk show hosting duties will be done in twenty twenty. Conan is brilliant. And we talk more about this. With matt miller to me conan really opened my eyes big time about the tv business and just pretty much anything in show business. That being good is not necessarily the end all be all because when he got the job for the tonight show. After jay leno retired yet he lasted one year then. They bounced him not because he wasn't the same funny creative subversive self. He was in the later time slot. It's just the average. American dummy the ethel and the jerry that live in the you know fly country which we are no offense to us and jerry care. They didn't they didn't care care for his style humor. They wanted something more bland. They wanted more comedic or or or they want right. They want jay leno. jay leno was safe. Jalen was familiar at so he got such a raw deal. But dammit conan is funny as hell kudos to you my friend
Paris Under Curfew: Europe Reacts As Countries See Highest-Ever Coronavirus Numbers
"In this segment will turn to the price action the moment down. 9/10 S and P 500 futures off the back of more decisions. Out of Europe to lock things down a little bit more headlines across the continent negative the reaction to them by policymakers, adding to concerns of market participants, chats home is joining us now. Out of Berlin. Good morning Tea chat. What are we hearing from Germany from France from Spain from Italy from the UK on what's the difference between the approaches? Hi, John. Well, we're hearing leaders across Europe sounding alarm. In the last 24 hours. We've seen several countries, including Italy and Germany, reporting record cases and, of course. French president Macron announcing this curfew for cities across France, including Paris. In Germany. We have a situation where Chancellor Merkel is urging state leaders to I haven't even stricter locked down in the one that they've agreed to last night. But she's AA meeting resistance from these leaders. You know, Germany is a federal system very similar to what viewers in the U. S. Would think of in terms of the federal government versus the States and the state leaders here in Germany are resisting some of these measures that Merkel is pushing for. For example, disagreeing with her on measures such as restricting travel within the country, and it really all boils down to the economics. Everyone's very concerned here on the continent about another lock down on what that could mean you know, not just for the health of people here, but for the economy as a whole. The local pushback is something we saw in Spain just a few weeks ago. We sing in the United Kingdom plan in the last 24 hours, with perhaps the exception of Sadiq Khan, who's asking for it, which is a unique situation right now for anyone in the local authority, But what I want to know Chad is whether wasting the outcome here the result. Off a poor adherence to social distancing and mask wearing just the very fact we're moving into the cold of part of the year. I think John. It's a little bit of both. What's interesting is the German health minister Yan Chiffon. He has said. What Germany needs. It's not necessarily more restrictions, but people to adhere to the restrictions that Germany has already in place and in miracles. A pew last night when she held this Very late night press conference. She basically said. People need to wear masks. They need to wear them in public where there are a lot of people and they need to adhere to the social distancing. We're going to be hearing by the way from Jens Spahn in just about an hour speaking exclusively to us here. At Bloomberg talking to our colleague, Matt Miller. And so we'll be hearing more on that from him a little bit later this afternoon. Thank you so much. Ed Thomas in Berlin and the moveable Feast of Pandemic News. On the continent of
The latest on the Trump impeachment inquiry
"We start with Donald Trump's impeachment crisis a stampede of damning facts gathered by the day I anti legal defense that appears increasingly erratic today trump was pressed on his stonewalling of Congress and his refusal to comply with those subpoenas in fact he suggested that probably ends up being a big Supreme Court case all right so at this point trump strategy it's pretty clear obstruct deflect confused and if all else fails hope the Supreme Court to which he appointed to justice of which he appointed come and save him even as new facts emerged today the full memo from the first whistle blower released with new details about the call and the New York Times pointing out with details about what went down inside the State Department as frustrations grew over trump blocking military aid for Ukraine now against that drumbeat trump supporters are pushing increasingly bizarre narratives one trump ally and former advisor appeared on a Fox News panel with Rudy Giuliani where he referred to Democrats probe as a regicide which if you don't know like I didn't know earlier today is actually the murder of a king. What you're seeing is regicide this is regicide a by another name fake impeachment I refused the call whistle blowers these two nonentities are suicide bombers that the Democrats have unleashed all right so you heard that regicide suicide bombers that is the language now coming from trump's camp remarkable contrast from how -servative used to talk about impeachment today a moment resurfacing from the congressman Mike Pence speaking in two thousand and eight about what the standard should be for impeaching a president this business of high crimes and misdemeanors goes to the question of of whether or not the person serving as president of the United States put their own interests their personal interests head of public service that's the vice president Mike Pence when he was a congressman back in the day Matt Miller chief DOJ spokesman during the Obama administration is with US Jason Johnson politics editor for the root dot com is also with us and the daily Beast Betsy would drifts one is as well great to have all of you with us let's lots to break down here Matt let me begin with you what do you make today of the president subtly invoking the Supreme Court and that this battle is likely to end up there you know I think they'd love for it to end up the Supreme Court because that means we wouldn't have any decision on whether the documents they're obstructing congressman tainting had to be turned over until sometime next year maybe even past the two thousand twenty election that's been their strategy all along not just with this investigation but with the previous investigations house launched deny the House they're entitled to make them go to court and drag it out because there's a lengthy appeals process. I think this one is different in that the house the House obviously would like to get the documents that they've subpoenaed but they're not they would like to get witness testimony but they're not gonNA wait for the administration to turn them over and they're not gonNA wait for the end of court battles they already have a whistle blower who came forward and supply them a lot of information I think there are you know they got one witness Kurt Volker who was willing to quit rather than stay inside the administration it'd be prohibited from testifying and I suspect what they'll do is push forward given that they already have enough evidence that the president pressured the Ukrainian government to to launch an investigation they already have evidence of quid pro quo and those Kurt Volker texts that were released they're obviously things that they would like to get their hands on for example more evidence about the withholding funds from Ukraine but I don't think they're gonNA wait for the courts they're going to go order because they have enough evidence and they'll probably get more as more witnesses come forward at despite the White House trying to block them so to that point Jason the White House as we mentioned refusing to cooperate with these demands realistically besides going the path of the courts is and that was just spelling out what options do the Democrats have beyond subpoenas anything well they're option is to just have a vote right they don't require this information and I'll be honest we can take the headline White House stymies Congress house refuses to hand over information we could run that same headline every three months since this administration began so it's I don't think for once the Democrats are not shocked and amazed at the eight houses lying or not providing information they can have this vote whenever they want here's the other key part about this every piece of information that they've asked for that this administration refuses to come forward with can be part of a complaint about obstruction of justice into an investigation of inappropriate behavior that the president has already admitted to so that is their option to take everything Donald Trump is doing now and make that a part of their case in a stronger case that for once according to the polls not only are people in favor of the impeachment inquiry but we have now moved we're Americans are actually recent poll so Americans are actually in favor of Donald Trump being removed from office in a vote and that's something that works Democrats favor and interesting and all of this today former Congressman Trey goudy now's going to serve as outside counsel for the trump team and it's amazing because if you go back to two thousand twelve here he is actually announcing Democrats for not cooperating with Congressional Oversight Watch this clip the notion that you can withhold mation documents from Congress no matter whether you're the party in power or not empower is wrong respect for the rule of law must mean something irrespective of the vicissitudes of political cycles so that means that you just on your screen there who made that huge appeal about nobody withhold power from Congress or excuse me withhold information from Congress's power to have oversight is now going to defend and justify the president withholding being information from Congress are those words betsy going to come back and haunt trey goudy no question and these political cycles have early gone through a heck of assist Tude as Gowdy my put it the fact that Republicans spent eight years of the Obama Administration laying out in the most asta robust and detailed way possible arguments that the executive branch has to comply with subpoenas an oversight requests from the from the legislative branch in something that's going to create challenges for all of them that said the White House is legal strategy faces a really complex difficulty because there's tension within the White House regarding how White House counsel Pat Simple Loni is approaching this particular issue simple only is treating it perhaps more as a legal fight than a political fight it seems the White House counsel's office people to an extent are still in molar mode thinking in terms of winning court fights rather than thing this has primarily a political undertaking we know that impeachment at its core is a political tool and for the most part of the president is outside allies view the biggest threat to him as a as impacting vote but simple owning is approaching it more from the legal side and that's generated a little bit of friction and the interesting thing again in this betsy that you got the GOP inviting Giuliani to testify Lindsey Graham Watson come up to the hill to talk about Ukraine Corruption Watch his latest appearance on Fox News I just drove through okay they required witnesses to face the witch and some witches were acquitted it's ridiculous the only place I can think of what we had trials like this is in the Soviet Union the remember the president used to call this a witch hunt this is now more than a witch hunt the which is headed better in other words they had more rights the witches had better what do you make of that I mean what's the risk your betsy for the gop to kind of have this narrative floating out there between the regicide the is it is not a king yet his defenders making reference to him being king others are calling this a coup now you got mayor Guiliani or former mayor Droopy Giuliani talking about which is for the duration of his time serving as president's personal outside counsel Giuliani over and over and over has said things publicly that have undermined the legal arguments he's trying to make in defense of the president who can forget the moment when he made the bombs dell admission about the president paying off porn star Stormy Daniels in the final weeks of the presidential campaign on Sean Hannity's Fox News Show Giuliani creates the most problems for his client when he's in a setting that he feels to be friendly and no one on Capitol Hill is going to make Giuliani feel more laxed than Lindsey Graham the Republican chairman of the Senate Judiciary Committee who is incredibly close with trump who hangs out with him engulfs with all the time Giuliani sitting down in grams a committee room is perhaps the most perilous moment of the impeachment process for trump? Hey today the California Congressman Roque Hana telling Holly Jackson the Democrats need to move forward with the vote listen to this here's the reality we can't count on the White House we can't count on the course they want to delay this we need to move forward we need to look at what evidence we have make the best effort make the case and have a vote on the articles of impeachment what's the what's the play here you think Matt should they go ahead and actually hold hold a vote have a vote on impeachment knowing that the White House is going to stall this and if as you were saying this could delay in
Where are we on impeachment?
"It is a very very dangerous time and there's really no oversight that can fix it. There's no judicial the I didn't know judicial means to stop and the only way is through impeachment and I think this report just puts puts the onus really front and center in front of the House of Representatives to take it goes articles up that was former Justice Department spokesperson Matt Miller on the Rachel Maddow show with meat last night making clear that of all the potential impeachable offenses offenses against Donald Trump. It really doesn't get any worse than what was revealed by a national security whistleblower this week trump not just for the whistleblower but also according to his own attorney. Rudy Giuliani is literally doing the same thing. The Muller reports says he did with Russia soliciting help for his reelection from a foreign country in this case Ukraine a country that has part of its territory under Russian occupation right now as we speak in an op Ed for the Washington Post former acting Solicitor General Neal Katyal and George Conway lawyer and husband of White House Counselor Kellyanne Conway wrote that if trump did that it would be the ultimate ultimate impeachable act unlike the allegations of conspiracy with Russia before the two thousand sixteen election these concerns these concerns trump's actions as president president not as a private citizen and his exercise of presidential powers over foreign policy with Ukraine moreover with Russia at least there was an attempt to to get the facts through the Mueller investigation here. The White House is trying to shut down the entire inquiry from the start depriving not just the American people but even congressional intelligence committees of necessary information and yet on Friday when House Speaker Nancy Pelosi was confronted with all the outrage surrounding trump and the whistleblower complaint that his administration continues to withhold from Congress in violation of law by the way she still didn't budge you're describing ving potential acts of law breaking and many people here that and say if Congress does not pursue impeachment. Does it forever change the standard of what is acceptable behavior by any president. I don't know about lawbreaking said we don't have the information. I don't want to suggest that I said that because we we don't have the information while others may speculate. I have to go on the basis of the law and the facts and that's we're decisions will be made so why even with people's heads literally exploding that trump is now committing same collusion Robert Muller investigators found but this time as president why why won't Democratic Leadership Support Impeachment now as I've said before on this show it comes down to the numbers to the question of whether Pelosi has the democratic votes to to get an impeachment through the house and the fact that the speakers clear sole concern is keeping the House majority in democratic hands and that means her only focus this is those conservative leaning House Democrats who won in trump district and whether they will give her the votes even now with trump define congress defying the law and in the position to meet out retribution to this whistle blower through his conciliatory and the Justice Department Attorney General William Barr now we on the show reached reached out to a number of conservative. Democrats some of them are on the record of posing impeachment and some who are not either way to see if they would come to the show today come on the air and answer the question of whether on this issue that is about national security which presumably is important to them and their right of center senator constituents whether they would now give their party the votes on impeachment they all declined to come on the show and by the way any moderate or conservative Democrat who's willing to explain Blaine to our viewers why they don't support the House Judiciary Committee's impeachment inquiry in the face of alarms about our national security raised about the president of the United States from from within the intelligence community. They are always welcome to come on this show and explain their opposition they can actually call right now because the question is if if national security is not compelling enough to garner enough democratic votes for impeachment of the President if defying Congress and defying the law are not enough within within what is joining me now political contributor Timothy l O'Brien Tar Dell Dell President of the Teradata del Group. MSNBC contributor in former US attorney Barbara mcquade Jeff houser founder and director of the revolving door project MSNBC contributor and former US attorney Joyce Vance and Jill wine banks former assistant Watergate special the prosecutor.
DTG Pyrotechnics President, Dion Diehl, Talks About His Start in Pyrotechnics
"Us today is dion deal. He's <hes> the president of we called d._t. Pyro and going to talk to us about some things we saw it or venture this year deanne welcome. Thank you hello everyone well. It's really really really glad to have you with your appreciate your making the time to time to come in so let's <hes> before we get to the things we saw ventures or what goes into that. I'm going to start a little a bit with your background when somebody works in pyrotechnics professionally. There's <hes> there's an immediate assumption that we know a lot about you you. You were a terrible kid. You were always lighting. Things on fire takes like that is. Can you dispel that myth a little bit or how does somebody get into that that line of work. I like to think that was a little a little bit more responsible with my irresponsibility. As as a child i won't i won't lie ahead <hes> <hes> some experimentation z- <hes> when i was younger which kind of cultivated the spirit within me i guess where i'm from <hes> i'm from originally from georgia and my dad was a police officer and so <hes> fireworks at the time where illegal <hes> in georgia which made the the desire to get my hands on them as a a young boy <hes> even more exciting <hes> my personality type you know you remember the cap guns when your kid with the role of caps. Oh absolutely i didn't shoot it. Does what the gun i. I begged him with a hammer paper ones right before they went to the plastic brings exactly exactly so. I smell them right now. You know there's there's definitely only some of that. There was a desire when i was a kid to <hes> you know have fun with the all the things that were exciting as i imagine most boys. Are you know loud. Loud noises bright flashes big bang's. You know all of that stuff is exciting and so when the when i was a kid i got my hands hands on bottle rockets and <hes> you know saturn missiles those types of things as everyone else but <hes> is your dad going to be listening to this as he still no he. He's not with us anymore more but <hes> no no worries he was very resistant to providing me with fireworks as they were illegal at the time and my dad was very particular about following the law <hes> and so <hes> you know like everywhere else across the country come fourth of july or new year's eve fireworks are just around sure even in the states that are prohibitive and <hes> i snuck away and and i think my dad <hes> when he was not working he he wasn't concerned about what was going on in the neighborhood and i think he knew what we were doing to some degree. Maybe not to the scale but we had a lot of fun as a child and empire certainly started very young so this is a this is fascinating for me because it's you know it's an area. I'm just wildly. Ignorant is there is they. They were school that you go to is there. Is there a place that you go to train. Is it more of an apprenticeship sort of thing how do you how do you go from. I like these things that go boom to making it a career rear. <hes> somewhat of it's mostly apprenticeship based <hes> community <hes> that's changed quite a bit over the last decade <hes> and progresses this is <hes> to where it's becoming more formalized education certifications. I <hes> formerly was involved with the p._g._a. Which is the pyrotechnics guild international which which is kind of a similar to maybe you're casts. Oh <hes> as a private group that has started up to try to regulate the community and bring safety standards and operational standards across the board and p._g. Has developed course over the last maybe fifteen years i get involved with the local club and became a certified trainer. <hes> through the process well. I i should take a step back. I took the course and became certified in that <hes> <hes> but i also became a trainer and i've certified probably well over four hundred five hundred pirate technicians in the region <hes> as an educator with the program <hes> <hes> and teaching people to do that but how i got introduced to it <hes> was much more organic. It wasn't really something that i targeted <hes> i i ran a normal daytime job <hes> at the time period and <hes> when <hes> pyro was a hobby it was something that started <hes> you know doing the backyard shows for for friends but there was a love for it so we take everything two hundred ten percent me and my my buddies and so <hes> we didn't want to just do regular back backyard shows we wanted to do gran iran displays and and synchronize things and take it to a whole different level than i think just lighting one fees at a time and <hes> it's funny honey so there was a a local or there is a local fireworks store in green bay wisconsin <hes> that we would we would go to <hes> and patronize and learned over the years are pooling of our moneys and stuff for our shows. You know we would buy a substantial amount of fireworks every year. We'd increase it increase it. At least arstan arstan. Gina was five six hundred dollars one year than twelve hundred dollars and the more people you get involved and we'd grow the show he kept building and <hes> i actually have a background background electro mechanical engineering and <hes> so for me again like i was saying earlier not real exciting for me to just light one fees fees at a time i wanna light the same effect in five different positions and i wanted to be perfectly synchronized and so <hes> i built my own electronics to do this and this is you know in my late teens. <hes> you know when we started doing this and <hes> you know that desire just to kind of push the limits in and do cooling creative things <hes> was a big push and that local store actually introduced us to wisconsin club because they saw that there was a passion there that was deeper than just your regular consumer but as a quick aside <hes> i've been wisconsin resident resident for about ten years now and something i noticed noticed very soon after moving here is that we wisconsin i love fireworks we will we will have fireworks shows for any occasion. I think it was. I driven home. When i saw a saint patrick's day fireworks show that was all green <hes> here in oshkosh shortly after i moved in their fireworks stores all over the place. It seemed to be the open year round. It's fascinating part of the culture <hes> it did that have anything to do. You start at in georgia. How did you get to wisconsin. Did you hear there's a lot of fireworks here. That's where i gotta be. No at that time i was looking for a life change. I was young. I was seventeen and and really trying to explore you know my <hes> individualism and pyro wasn't really a part of the thought process at the time <hes> and and that brought me up to wisconsin in in your correct something that's unique to know. Is that in you know about the pyro community here in wisconsin. It's bigger than you think. I think it is. <hes> wisconsin actually has the largest <hes> licensed pyrotechnics per capita than anywhere else in the united states and a lot of that is supported by similar to icaza a great local club here the wisconsin pyrotechnic guard skilled that helps foster <hes> of that and so <hes>. There's definitely eh something unique and special about wisconsin. I don't know if it's the long winters in the exciting. Let's get out and have some fun in the summer and so <hes> people take things to a whole different level. Oh you know when they have to unleash all that built up <hes> excitement <hes> but wisconsin is definitely a very pyro friendly state absolutely yeah. I'm from connecticut connecticut and don't quote me on this. I seem to remember like a big deal. When i was a kid was that sparklers finally became a legal in connecticut that was that was the big stuff that we talk doc so and you were lucky because in georgia when i was a kid they didn't even allow those no snakes snakes. No no they were boring. They were very very boring back. Then i mean no offense to anybody out there who might be in the snake business but those those are the the ridiculous little pellets l._s._u. Let him on fire and just ask squirts out and you do those as a kid because that's the that's one of the things your parents might let you do if they won't let you like the good stuff. If you're deprived arrived at your whole life then it's really excited so yes well like i said i grew up in connecticut. I'm kind of a late comer to wha air venture. I've really only been going since i've been on staff here <hes> for the last seven years but <hes> tells a little bit about the <hes> the history of the fireworks show at venture. I i know that we it's coordinated with the night air. Show the these days does predate that. That's what's your experience <hes>. It was always a the the night air show i believe was introduced or reintroduced in two thousand ten here in oshkosh and it was immediate. <hes> that that we started doing fireworks at that time <hes> i had pursued you know we're from green bay wisconsin so we're only an hour away from oshkosh and <hes> i knew about air adventure. I actually knew about air venture since i was a kid <hes> back in georgia. My dad talked about it quite a bit really and yeah and it's oh my gosh. I should say this. It's so surprising how many people even locally here have not been to era venture <hes> when i was hearing about it back in georgia thousand miles miles away is that it has a worldwide draw but it's is he said it is it is amazing. I think if you have any interest in aviation than you you can say adventure or more more likely you can say oshkosh right to any aviation group anywhere in the world than what you're talking about but but sometimes you do have people right here in the in the backyard who are obviously very aware of it but people don't often think you know like a like a tourist and their own hometown. The sometimes missed the things that happened right there similar to the snakes availability. I think if it's available sometimes you may say i'll get to that or or you know pushed off to an opportune time <hes> <hes> but <hes> you know going back. I i had pursued e._a. For about maybe five years <hes> trying to get my foot in the door to talk about what would i've had a vision for <hes> for bringing fireworks into the night air show and it was it was difficult <hes> at the time and just by a good connection that was a gentleman that i used to work for ya think in the marketing division matt miller and i worked with matt on other programs <hes> you know for that he was doing oshkosh irish fest which hopefully awfully might have been the one you saw. I think it was yeah. We're mapping very involved in those doing a fireworks for that and he ended up connecting me up with tom. Pope resnick and joe schumacher <hes> at the time schumacher was dead air director and we had a conversation and <hes> they had reasonable concerns <hes> <hes> about bringing introducing fireworks into an airspace. It's it's a very difficult <hes> thing to accomplish and we were setting new standards to work within within the airshow box not doing our show outside of the airshow box and so a lot of new ground kind of had to be broken and a lot of trust head to be built <hes> between us in your organization to attempt at for the first time in two thousand ten <hes> and at that time they only did one night air show <hes> in fact. I don't think they switched to night. Air shows <hes> until twenty twelve at sounds outright. We added the wednesday show yeah right and in through the process through building of trust in discovering bring <hes> different opportunities working with dennis dunbar as well since he's taken over after joe <hes> we've discovered new opportunities and he's where we can introduce pyrotechnics into the various events of the night air show not just a culminating <hes> you know pie fireworks finale but also in other aspects that you've seen maybe this year with red line twin tigers <hes> ghost rider <hes> we did some performances during those times also during the daytime we also did pyrotechnics for eight your <hes> so the really really exciting busy year going from that from just a nighttime display to to you.
Deutsche Bank Reports Big Loss as Overhaul Costs Bite
"Now we've been hearing about don't your bank's earnings this morning Germany's biggest lender lost three point two billion euros in the second quarter a big in that loss than previously indicated trading revenue until it should drop twelve percent in the second quarter as it again under performed its biggest US rifles well the company's CFO James von Moltke spoke to Bloomberg's Matt Miller we're working together to execute on the restructuring just as quickly as we can and with that execution comes the accounting recognition of the steps we've taken this quarter we're recognizing about three point four billion of costs associated with the transformation those are blowhard by and large non cash charges DTA impairments goodwill impairments and software intangibles that we're also in parents so we get a good portion of of the of the accounting impact already behind us in the second quarter in the balance of the year we're working now to take severance and restructuring charges in the second half as we execute on the restructuring they'll be some real estate charges and some incremental DTH charges in the year so we're expecting probably another two billion of of of these related charges over the coming several quarters of two quarters in particular what percentage of the job cuts teasing you can get done in this year I mean clearly that's a big portion of the cost so how many can you get out of the work it's a steady gradual process and and it's affecting pretty much all areas of the firm and all geographies we're working as quickly as possible but also trying to execute on this is sensitively as possible given it's affecting the lives of our colleagues and and and friends but we're actually just as quickly as we can we've notified about nine hundred staff already associated principally with the with the equity sales and trading business there either leaving or have left or leaving here in near term the platform the capitol release unit is well under way in terms of execution on the de leveraging staffs organizing itself under new management team and also moving to again reduce that the head count associated with the businesses that were either exiting or significantly reducing so we're we're well advance frankly for for two and a half weeks and but it's a process that we now need to to focus on and continue steadily for the next several quarters and frankly years but you have a head count idea what costs are you any if we constantly nineteen we have some internal targets absolutely I'm what we said externally was was that continue to be below ninety thousand that's something we intend to to achieve and hopefully go as deep into the to the high eighties as possible what we don't want to give a specific targeted at this stage for a for a number of reasons one thing that as you you may see going on and we've talked about overtime was internalization so we are continuing to internalize prickly technology jobs I'm in the ongoing businesses that type of activity will continue so it's a bit of an admin flow hence the you know the the reluctance to be pinned down on a very specific target number for for the next couple you mention the equity sales and trading business that was down thirty two percent the fixed income business was down only four percent and those numbers as big as they are compare not so unfavorably to your peers on the street why did you do better than expected I agree so so our fix franchise actually performed quite well I think in the environment and and relative to peers that four percent is reported it's about down eleven percent if you exclude the trade web game which also a number of our our peers had and within that frankly rates performed reasonably this is a no solidly our credit franchise was was up year on year and and so we were quite encourage frankly with the performance in in many of our of our rates businesses Hey armor fanfic fixed income and currencies businesses I will say obviously equities is down significantly that reflects both the restructuring that we we executed last year and also as you'd expect some of the uncertainty that played out during the quarter as the market and frankly clients and employees were anticipating some element of of restructuring to come and that was the Deutsche Bank CFO James when mocha speaking to Bloomberg's Max Miller in
Is Amazon making any money from Prime Day?
"Watch some in in London with this right now on Amazon prime day man John Farrow took me to task tide pods laundry detergent is usually thirty to fifty eight and they're giving it away to John for all right now for twenty two dollars seventy nine cents that's like you know thirty percent off thirty five percent how do they do that map block somewhere they make any money on Amazon prime day when John Farrell gets out the Bloomberg charge card yeah well may be known as much as they usually do but also I mean I think that's gonna be a mix of Amazon and the Browns and sells promoting the stuff I for me I think this these two days as it now is farmers and is much more about raising profile of the prime membership because there have been a whole bunch of studies that show that prime members spend way more on the platform the non prime members I think the last research I saw suggested was about fourteen hundred dollars a year on average for prime member compact about six hundred dollars for non prime members say the more people they can get state prime memberships is going to be better in the long term for business I think taking a beyond just the retail stuff when you've got this in the apple pushing into TV in the coming months you know it's kind of more important for the kind of broad a range of services they're offering to eat so Matthew I mean it's not just Amazon it seems like in a wal Mart's got a big sales day blitz target we know Ali Baba from China's got their singles day there's a lot of competition out there on the retail sales how does Amazon fairing yeah we can we can I think I think that they're doing pretty good mean I guess what yeah if you look at is in sales through the year Q. two isn't a big split it still key for whether you get that real big retell blip into Christmas I think this is kind of helpful for them from a kind of momentum perspective but it's not the be all and end all on us I think for them it's more about just kind of raising profile of the prime concept but overseas successful enough that you've had these big brown this Walmart and everybody else feel that they need to do something because that gonna suffer more pain from the success thousand jets if they don't do something so I think that's props more the sense of how the how much kind of retail foot full they kind of socket on these couple of days some of you I know it it's big here Amazon prime this big here in the U. S. gives a sense of what it's like in the UK and Europe so for sure you can yeah it's it's pretty big I mean you know over the weekend huge amount of advertising yeah on kind of radio print ready making people aware of these this couple days in the kind of office you can get I'd say let's let's say props on the continent just because you know Amazon on the whole kind of online shopping thing is is is a little bit behind as it as it often is on these things there were talking to Matt Miller in Berlin idea today and you know he didn't really get the sense of being a huge amount of promotion in Germany on this one so if official the U. K. as big a big deal let's say props on the continent but it's still important to their elasticity in raising the annual fee on prime I mean when the sell side or Bloomberg intelligence looks at what is it ninety nine dollars a year yeah I think you sound I think it might be a hundred twenty now okay so they can creep in it yeah right do we know where their limit is where the social women is on that price my answer is we don't have a clue I don't think we do I mean for so we don't actually know how many customers they've they've got on prominent I think lost it just pays a set the about a four hundred million globally so you know we don't have any talk the mystic modifications to me is still seems like amazingly good value now as a in the U. K. it costs seventy nine pounds for the year for which you get you
Matt Miller discussed on Bloomberg Daybreak: Europe
"And finding now some hopeful matt miller scientists believe they have found a cure for boldness software they use stem cells to create natural looking hey the study on mice involved human cells being attached to a special scaffold to help them grow straight there essentially in the u._s. say it could be a critical breakthrough in the treatment of
For Stricken Boeing, Paris Air Show Is About More Than Jet Sales
"The fifty third international Peres air show takes place next week dominating the conversation will likely be the grounding of Boeing, seven thirty-seven max, and what that means for the aerospace industry for more. Let's head to Berlin and bring in Bloomberg daybreak Europe anchor Matt Miller, this airshow is likely to be very different for Boeing rather than review. Plans for a new airline model, which may now be on hold. The aerospace giant will likely be fielding questions about one. It's grounded. 737 max is going to fly again, that's after a version of its best-selling plane was involved in two deadly accidents and five months earlier this year will competitor Airbus be able to capitalize and what concerns will the industry have over the rise in global trade tensions. For more, I'm joined in the Berlin studio by Bloomberg's Benedict camel. Benny? This is going to be a big deal at the airshow, obviously, all of these events have culminated into a really interesting competitive scenario. Yes. So this show will be different in many ways. It's always about competition. It's always about y'all. Indeed the entire industry. The commercial aviation industry is sort of viewed through the lens of Boeing. Culminates these shows somewhat tragic on the tone at this event is obviously, as you mentioned, the Boeing, max grounding. And the question is when if a toll will it come back into the what a customer saying, so this is really sort of the first public test of appetite for this plane will Boeing able to sort of regain the upper hand in the narrative, can they convince customers this is a plane. They should be ordering if we see any activity unusually these shows are the venue, law or the place if we see order activity from owing awful Boeing for the max, that's great news. If we don't see any that will really put them sort of on the defensive and Abbas, as you say might able to capitalize. Let's talk about I when this grounded plane is going to come back, 737 max. I've heard that Boeing is telling customers one thing and then telling an openly saying another thing what, what, what do we know about when it's going to come back. Well, the showed on. We, we don't know what it will come back Boeing has expressed confidence. Dennis. Ios had he liked to see the plane back by the end of the year, and that sort of gels with what the FAA the regulator in the US is saying the question is what will other right around the world do about this? Remember when the plane was grounded is happening almost chaotic way the Chinese will cost the FAA was lost. And you might see a similar dynamic this time round that sort of a coordinated effort to bring the plane back on instead, some regulators might say, not so fast. We want to make some tests us ourselves. We think you'll rushing this so before the end of the air is probably the hopefulness option from Boeing on the FAA. But it might take longer and the longer, it takes the mall at opens sort of a flak, that's Alison slip into a lot of consumers are. Are happier now to hear from their carrier that they're flying on an Airbus vehicle, obviously because of the worries about the safety of the seven thirty seven max is Airbus, going to be able to capitalize that have already been able to capitalize on that not so far on this sort of an unwritten rule in the aviation. Well, that if a plane crashes tone, sort of capitalize at least publicly from, from the misfortunes of your rival, so Abbas has been very public and say, look, safety fussed, and that sort of an industry mantra. And with the loss, people, the company to them sort of public capitalize on this, but as you say, maybe the max is, as a product sort of mortally wounded, maybe people will say, I don't want to fly on this plane anymore. What about I mean, aside from that issue? There's environmental concerns, obviously, about the carbon creation, but also concerns about congestion traffic too many planes in the sky and Sweden as a movement called fluke com, which is sort of a. Shaming people into not flying. So whether that will become a global phenomenon who knows. But you do see people asking. Okay. Maybe I shouldn't take this plane for an in and out to London all down to Frank, thought, maybe I should take the train on travel a toll so there is a bit of a movement going on and indeed. We all heading into a period where we will probably see a lot of lot of congestion. There are still too many competitors out this capacity. We have the low cost carriers like EasyJet light Ryan whiz. But we also have the Afra, NCIS Lufthansa's and so on all vying for this fairly short this market, and we saw a lot of delays lost. Yeah. Ready this yeah, it looks as we might face similar Benedict Comal. Thanks very much for
German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end
"Let's start with the main event. A big story this morning, Deutsche Bank and Commerzbank. The talks are Hoover. I want to bring in Bloomberg's Matt Miller to get up. To speed on the end of merger talks. What broken well Berlin has been against this really from from day one with the exception of the finance ministry, Olaf Scholtz and his deputy your cookies were really the driving force behind these talks to begin with. But as soon as people started talking about thirty to forty thousand job cuts as a result. It just was it just was a bad look for everybody here and Anglo miracle and the rest of the and the rest of the powerful politicians in the capital fought against it. So from Deutsche Bank perspective, it was just at least what they said this morning, it just proved to be too expensive and too complex to pull off. But from a political perspective, it just wasn't gonna fly so coma. Spanked potentially have got other downspouts we've seen in the news. I and cheer interested. We've seen in the news several reports that only credit is said to be interested as well. Where does it leave? What you back, man. Yeah. I actually asked. To the CFO James von Moltke this today because obviously by stepping out of the running to buy Commerce Bank. They leave themselves open to competition in the future. If someone else comes in buys Commerce Bank. They can get big in Germany, listen to what on mulkey told me. Yes, we do envisage over time that industry consolidation will take place in Europe, and the dodger bunk wants to be part of that the timing and the specific form of that obviously remains to be seen. We've talked a lot about doing our homework to continue executing on our plans executing on the restructuring of the company and the improvement in our shareholder returns. So not only did they discuss the facts that Commerce Bank could become really serious competition. If they get taken over by European competitor. They do want to stay in the consolidation of European banks going forward just not right now
Euro rally analysis and global currencies
"A surprise to our meeting on saturday with kim in a bid to keep the summits on track asia markets relatively steady on the back of that news to pan closed up about one tenth of a percent with the nikkei that the hang seng index carney up about six tenths of a percent whereas the shanghai called has been losing a bit of ground in the past hour down about three tenths of sent at the moment we're also keeping keanae on currencies today in particular the euro which has been rallying this morning after the italian president rejected the populist choice for a year skeptic candidate as a finance minister said your mozzarella's saying this is for the good of the country euro dollar currently up about half a percent euroyen harbor down about six tenths of upset sterling however up about two tenths of a percent also do keep an eye on the leyritz extending gains two point two percent against the dollar also the indonesian rupee rupiahs climbing it's speculation of another interest rate hike by the central bank they're also keep an eye on commodities in particular brands and wgla crude both again extending losses wti down around sixty six dollars a barrel this off to saudi arabia and russia proposed easing output cubs often eliminating that inventory samples at sparked the biggest price crash in a generation now you're off today told the markets that was a bloomberg business flash let's get back to some more of our holiday programming where we're taking a closer look at this policy earning season in particular healthcare store stocks have gained quite significantly this past quarter amid a flurry of deal making notable moves includes nafie outbidding rival novo nordisk by ab links for four point eight billion dollars japan's takeda pharmaceutical meanwhile had to put in five bids before securing a sixty two billion dollar deal for drug shire in germany meanwhile pharma and seeds company by is still pushing to close its sixty six billion dollar purchase of agra chemical firm monsanto to lots going on in that sector now see a van of bowman spoke to daybreak europe anchors guy johnson and matt miller as by a cut its forecast for the year citing currency effects i'm happy to.
Brazilian surfer Rodrigo Koxa honored for setting new world record for riding 80-foot wave
"Where are you going howard and he goes i'm out of here it was howard porter walking out the door first round pick by the chicago bulls i'm going man this a crazy league crazy league but jerry west as you would expect jerry west with beautiful penmanship go around the room that's worse for the weekend fritzy what did you learn today what i learned i'm sorry your best best with the dodgers riding the giants saturday two thousand twelve world series mvp pablo sandoval moves from third base to the mound to pitch a perfect ninth inning no hits on eleven pitches they found a new closer pablo sandoval worst game six in utah friday night paul george five points six turnovers carmelo anthony seven points russell westbrook stat line included to run ins with jazz fans not good paulie would you learn the worrying best in the world surf league which i didn't know there was one the w s l says rodriguez cokes has ridden the biggest wave ever surfed back in november eighth in portugal he's from brazil and portugal he wrote a wave that they estimate is eighty feet high that breaks beats record of seventy eight feet by american garrett mcnamara in two thousand eleven you nailed it good video and the other best of the weekend is shape patterson the former quarterback at ole miss will be eligible to play for michigan the season i don't really carry the way but he wears number twenty at quarterback which i love it's very like paul crew burt reynolds longest yard any quarterback who wears a twenty or in the twenty s were big fans doug flutie see new connor best and worst andrew that's going to have a big impact on your future mock draft by the way oh patterson playing that just shook up everything he's at number twelve matt miller is go ahead sorry i digress my best and worst is actually the same thing just over the weekend a website called the ten and three dot com released the most miserable sports city the two thousand eighteen edition and so what they do is they create a misery score which basically calculates.