35 Burst results for "Michael Barr"

Sony's Obsession With Blockbusters Is Stirring Unrest Within PlayStation Empire

Kinda Funny Games Daily

01:54 min | 8 months ago

Sony's Obsession With Blockbusters Is Stirring Unrest Within PlayStation Empire

"Visual arts service. Group has been has long. Been the unsung hero of many hit playstation video games the san diego based operation helps finish off games designed at other sony studios with animation art or other content and development. But about three years ago. A handful of influential figures within the visual arts service group. They wanted to have more creative control and lead game direction rather than being supporting actors on popular. Titles such as spider man. Uncharted michael barr who founded the visual arts series group. In two thousand seven rooted. A a group of about thirty developers internally and from neighboring game studios to form a new development unit within sony. The idea was to expand upon some of the some of the company's most successful franchises in the team began working on a remake of the twenty thirteen. Hit the lasts less for the playstation five. Why why would this be what you go do well. We're about to get the answer. But never fully acknowledged the team's existence or gave them the funding and support needed to succeed in the highly competitive video game market. According to the people involved the studio never got its own name instead. Sony moved ownership of the last remake to its original creator naughty dog. The team's failure highlights the complex hierarchy of video game development and in particular sony's conservative approach to making games for the playstation five. The japanese conglomerate owns about a dozen studios across the world as part of its playstation studios label but in recent years it has prioritised games by its most successful developers studios such as santa monica california. Based naughty dog and amsterdam-based guerrilla games spend tens of millions of dollars to make games with the with the that the that the investments will pay off exponentially and they usually do hits including two thousand eighteen god of war in twenty twenty. The last two our exclusive to playstation consoles hoping sony sell some hundred fourteen million of the ps four

Sony Visual Arts Service Group Michael Barr Visual Arts Series Group San Diego Santa Monica Amsterdam California
Pfizer to supply U.S. with 100 million more vaccine doses

Bloomberg Surveillance

00:42 sec | 1 year ago

Pfizer to supply U.S. with 100 million more vaccine doses

"With the U. S to provide millions of vaccine doses to Americans in the first half of next year. Wiser said it would supply the United States with enough Corona virus doses to vaccinate 100 million Americans. There are already millions of doses of the visor and now Madonna vaccines in circulation. At last check the U. S had vaccinated less than 700,000 people. Dina Brown University's school of public health doctor, She's John says That's something to keep an eye on over the next several weeks. I'm hoping that pace picks up this week and next, But if it doesn't I think we're gonna start getting concerned about whether we can get all these vaccines out to people. Quickly, you know or not. As for holiday traveled. The essay is screening more than four million people since Friday live from the Bloomberg Interactive Brokers Studios. This is global news 24 hours a day on the air and on Bloomberg Quick take power by more than 2700, journalists and analysts in more than 120 countries on Michael Barr, and this is Bloomberg.

U. Dina Brown University Wiser Madonna United States Bloomberg Interactive Brokers John Bloomberg Michael Barr
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00:54 sec | 1 year ago

Lala-2 - burst 1 - With Video 1- 2021-03-24

"Daybreak for wednesday july. Eighth twenty twenty coming up this hour as corona virus infection surge. The government ramps up testing across the south. The trump administration gives notice to the un saying. It's quitting the world. Health organization and the white house takes aim at hong kong with a push to undermine the city's currency long island begins phase. Four reopening today plus president trump pushes for schools to reopen in the fall. I'm michael barr more ahead. I'm jon stashower in sports. The ryder cup has been postponed and another net won't be part of the nba restart. That's all straight ahead on bloomberg daybreak on bloomberg eleven three. Oh new york bloomberg ninety nine one washington. Dc bloomberg one zero six one boston. Bloomberg nine hundred sixty san francisco sirius. Xm one nineteen and around the world on bloombergradio dot com and by the bloomberg business app.

Michael Barr Jon Stashower Health Organization UN White House Hong Kong Dc Bloomberg Bloomberg NBA New York Washington Boston San Francisco
Fauci expects tens of millions of coronavirus vaccine doses at start of 2021

Ron St. Pierre

02:23 min | 1 year ago

Fauci expects tens of millions of coronavirus vaccine doses at start of 2021

"Actually saying millions. They're going to start receiving a vaccine in December. Joining us now is Michael Barr from our 24 7 network with all things vaccine. Good morning, Michael. Yeah. Good morning, Ron. And that's a good place to start because you've got the president who is officially called on the FDA commissioner Stephen Han to join him in the White House today and that since calling Han on the carpet And going to what I'm sure is going to be a grilling over why he hasn't moved faster to approve the Fizer Corona virus vaccine and that meeting's already kind of shaping up to be a little tense. Hunt issued a statement yesterday saying. Let me be clear our career. Scientists have to make a decision and they will take the time that is needed to make the right call on this important decision. What you're hearing out of the White House. Is that their center complaining the FDA is not working around the clock to get things approved. And because of that, you saw the chief of staff, Mark Meadows called Dr Hahn in for a briefing. Now, one of the things that we know is that you've seen Appear to be plane loads on some level of vaccines dropped off in different parts of this country as well as I've seen foreign as well on we're still waiting on the approval from the FDA to give it the thumbs up. We did hear from health and human services Secretary Alex is our yesterday that the vaccine will be shipped within 24 hours of FDA approval. And then, he said, I think rather optimistically that it would be up to nursing homes, hospitals and pharmacies to get that dispensed, and that's true, But you have to get it through the state's first and the states and what the process will be in those individual states. As to how to this first, the vaccine has yet to be determined. We're waiting for that guidance that will come in the meeting today from the CDC. To give a better indication of whether or not the follow through is, Let's make sure that our frontline workers and health officials, the people who are in hospitals and first responders are the ones getting that vaccine first, and then we can start to move into more concerning communities and then who would get things from their That's all relatively true as well. But the states have to kind of break those guidelines down. Based upon the movement from the Trump administration, saying that states would be the ones responsible and that it would be the most populous states and getting the first doses of these vaccines if you will, so there's a lot at play here. There's a lot that's being run through the government that could cause delays. But again, the theory is once the FDA approves it. Those vaccines that are sitting on the runway someplace in Chicago will be able to be dispersed and you could begin getting the vaccines out to people who need it.

FDA Michael Barr Stephen Han Mark Meadows Dr Hahn White House HAN RON Hunt Michael Health And Human Services Alex Trump Administration CDC Chicago
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:12 min | 1 year ago

"michael barr" Discussed on Bloomberg Radio New York

"Cuomo said the city's rising test rate could force indoor dining gyms and other high risk non essential businesses to close in sports. The Timberwolves selected Georgia guard Anthony Edwards as the number one overall pick in the NBA draft. Major League Baseball has suspended Met second basement Robinson Cano for 162 games now After he tested positive for performance and dancing drugs. Global news 24 hours a day on air and on Bloomberg quick tank powered by more than 2700, journalists and analysts more than 120 countries. Michael Barr, This is Bloomberg. Nathan. Okay, Michael. Thank you. It's 5 19 on Wall Street live from the Bloomberg Interactive Brokers. Studios. This is Bloomberg. Daybreak. Good morning. I'm Nathan Hager. And even as we continue to see coronavirus cases surge exponentially across this country, we're also getting encouraging news. On the vaccine front, the latest this morning from the University of Oxford on the shot it's developing with AstraZeneca. Let's get more on what Oxford has to say. This morning. We're joined by Bloomberg Health reporter James Payton. Good to speak with you this morning, James and we should know these air phase two trials that the University of Oxford Is reporting on it's not as much progress as we've seen from some of the other vaccine developers. But what are we hearing this morning? Yeah. Good morning to you. Thanks for having me on. So as you said, it's important to stress here that this isn't the big final stage efficacy studies that everyone is eagerly awaiting, And that's going to show whether this vaccine from astronauts furred can Match the results delivered by the front runners, Visor and Madonna. But results of this study today basically show it's an earlier stage study, but it shows that the vaccine produces Similar immune response in old and young adults, and it's better tolerated in older people as well. That kind of builds on some of the promising data we've already seen from the vaccine. So even though it's not the pivotal phase three data, this is important because it essentially shows it has potential in generating an immune response and older adults. And so that's the The group. As we know that's most it risk from severe disease so that holds up. It bodes well for for this vaccine and others But again, as you say, it's it's preliminary, so we'll have to wait for the main results in the coming days or weeks from Master Oxford. Should we expect much difference in the results between face too? And the late stage trials and when can we expect those results? Are we getting any indication on that? Yes. So those results could we don't know exactly when they're going to come. It could be any day. Oxford just said this morning that that those results could come in the in the coming weeks, basically sometime between now and the end of the year. But we should be ready for them, Um, in any moment, and that's the big question. We don't yet know. Both Fizer and Madonna delivered, um, some some really highly encouraging and promising news on the African seafront s o. We don't yet know whether the astronauts we can meet that Hye bar, but this is clearly um Ah, huge moment on the vaccine front. Because it's only been, you know, 10 months the research on all these projects really began about 10 months ago. You know that the crisis only erupted in China less than a year ago s O. It's about 300 days from the start to The visor late stage results, which is remarkable, unprintable, unprecedented speed, So it's you know, it's looking increasingly likely that we will soon have a vaccine to combat covert 19 and obviously Provides a glimmer of hope as we as we go into 2021, but We have to be cautious here because this is inherently unpredictable and complex and their numerous hurdles that all the vaccine developers Neto Neto overcome in the coming months. I wonder if that caution has been what's kept the Oxford Astra shot at Phase two at this point, because people have been following the race for the vaccine, know that Oxford and asked her where the front runners early on what's kept them from getting to that face. Three at this point That's right. They were seen as a zip front runners. At one point in the US, you may recall their trial was on hold for for several weeks. Actually, that was that was a setback. Although the global trials in the U K in South Africa, Brazil elsewhere resumed. I'm pretty clearly if they were, they were halted initially because of concern about a patient of participants in the UK trial who had become sick, But that was that was resolved. The trials have now all been Restarted s. Oh, that That was an issue in the U. S, but probably wasn't too much of an issue for their global their global plans. But this is again I said earlier that it's unpredictable. It could play out in different ways. And so you know it Z too early to say, you know who will be first will be 2nd 3rd, etcetera. Clearly, Madonna and five are now you know is the kind of leadership positions but actually, you know, Astra Oxford are still you know, obviously one of the first and we have to keep in mind that there are something like more than I think you're more than 200 vaccine programs happening globally. So, um, they're clearly one of the first. Yeah, and Fizer said that they're going to try to get in emergencies authorization in the coming days. Bloomberg Health reporter James Payton. Thank you for this really appreciate it. Checking shares of AstraZeneca, their little changed in London right now. Futures are lower. This is Bloomberg. This is a What could help you take advantage of today's low mortgage.

Bloomberg Oxford Bloomberg Health University of Oxford James Payton Nathan Hager Michael Barr Bloomberg Interactive Brokers AstraZeneca Fizer reporter Madonna Oxford Astra Master Oxford Baseball Robinson Cano Cuomo Astra Oxford Anthony Edwards NBA
It is Bloomberg - Short # more text - burst 2

Another new station

00:54 sec | 1 year ago

It is Bloomberg - Short # more text - burst 2

"The Bloomberg Brokers Studios. This is Bloomberg daybreak for Wednesday July eighth twenty twenty coming up this hour as corona virus infection surge the government ramps up testing across the south. The trump administration gives notice to the UN. Saying it's quitting the World Health Organization and the White House takes aim at Hong Kong with a push to undermine the city's currency long. Island begins face for reopening today plus president trump pushes for schools to reopen. In the fall I'm Michael Barr more ahead I'm Jon stashower in sports. The Ryder Cup has been postponed and another net won't be part of the NBA restart. That's all straight ahead on Bloomberg daybreak on Bloomberg eleven three Oh New York Bloomberg Ninety nine, one Washington DC Bloomberg one, zero, six, one Boston Bloomberg Nine, hundred, Sixty San Francisco Sirius Xm one nineteen and around the world on Bloombergradio DOT COM and by the Bloomberg business APP.

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Episode 3 - 06:00 07-08-2020 06:00 - burst 2 - SLECTED 111

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00:35 sec | 1 year ago

Episode 3 - 06:00 07-08-2020 06:00 - burst 2 - SLECTED 111

"Four reopening today plus president trump pushes for schools to reopen in the fall. I'm michael barr more ahead. I'm jon stashower in sports. The ryder cup has been postponed and another net won't be part of the nba restart. That's all straight ahead on bloomberg daybreak on bloomberg eleven three. Oh new york bloomberg ninety nine one washington. Dc bloomberg one zero six one boston. Bloomberg nine hundred sixty san francisco sirius. Xm one nineteen and around the world on bloombergradio dot com and by the bloomberg business app.

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"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 1 year ago

"michael barr" Discussed on Bloomberg Radio New York

"Countries are Michael Barr this is Bloomberg John Lisa top model thank you Sir thank you very much we've talked about a few times this morning just a really nice cyclical tilt to the rally in yesterday's session maybe it's a squeeze maybe it's tactical but that's what you want to say if this market's gonna price in a cyclical recovery you'll see energy industrials financial stability that's what we saw in yesterday's session some maybe take the market cap weighted S. and P. five hundred compared to what we got out of the equal weight S. and P. five hundred yes that I would run a five and a half percent on the equal why S. and P. five hundred that basically dilutes the big impact of the mega caps makes everyone equal white said and you saw that big cyclical tail energy industrials financials give that equity market a really big left you really saw it and then John I think front center and this goes to the conversation in the open today with Brian Moynihan is where the banks fit into that cyclical tilt and that's why I struggle with some going forward from here earnings a low growth low right a difficult earning scenario what does that mean for financials and I think what we've got to draw a distinction between is what is the topic of short term tried to squeeze the most cyclical Arizona market off the back of the month a month remember back to say of the next several months a something more durable sustainable over the long term Michael Mayo with this yesterday from Wells Fargo and he he will excell softgel about the future of the banks he liked what he saw her I thank you for a friend was Citigroup and PNC it is well but he was really quite big John I'm getting a war chest ready for mergers phone coming out of this pandemic pandemic equity futures this morning just rolling over a little bit Hey were down eleven on the S. and P. five hundred we pull back one third of one percent from New York City this morning from audience.

Michael Barr Brian Moynihan Michael Mayo Wells Fargo softgel Citigroup PNC New York City Bloomberg John Lisa John I Arizona
MasterCard Announces Senior Leadership Changes

MarketFoolery

02:36 min | 1 year ago

MasterCard Announces Senior Leadership Changes

"GONNA START WITH. A leadership change and that is Mastercard. Getting a new. Ceo next year January first. Two Thousand Twenty one Michael Barr. Who's the chief product officer is going to become the CEO and Andrzej Banga? Who'S BEEN CO FOR? The past decade is going to be the executive chairman and the fact that shares of MasterCard or down four percent. Today I have nothing to do with these announcements just because expend their for a decade under bengals leadership. This has been a phenomenal stock. He's been CEO for ten years stocks. Return more than thirteen hundred percent since then This seems like a smoothie. Leadership transition as you could possibly hope for fear shareholder. Yeah I I totally agree. I am a shareholder and to me. This is this is one of those things that we we hope for you like a clear succession plan laid out there and the reasons are the reasons you know. I mean we don't know why Mr Bongo maybe stepping down or is stepping down from that role. I mean it sounds like it's it's something that's in line with what he wants to do with his life though and so I think the really for me the the big question for me is GonNa be what it's going to be interesting is if Mr Bongo views are also Mr me box views and what I mean by that. Is You know they've they've run? This business to this point with a certain worldview and there was. There was a really good article recently in the Financial Times. I think it was That that was a focus on Mister Mister Bonga. In the title of the of the articles. Mastercard chief speaks out against nationalism an facebook but it was a really good article because it gave a lot of his opinions that worldview this silent payment systems are stupid. You know. I mean he's thinking why everybody wants to try to build their own thing and makes it fragmented and inefficient. He has big questions over. Libra FACEBOOK'S INTENTIONS. How it's going to make money You know MasterCard was part of that initial Interest Group in pulled out along with a lot of other companies. So it just for me. It's going to be interesting to see going forward. If if they're two views are compatible because if not then you would expect to see some strategy changes over the course of the the next. I would assume at least decade unless unless Mr Limbaugh just doesn't really do a good job in has to step down. I don't anticipate that being the case. He's obviously very familiar with the business But that really for me is the big question is are there to views compatible because that'll that'll dictate a lot of the strategy over the course of the coming decade

Mastercard Mr Bongo CEO Mr Limbaugh Mister Mister Bonga Andrzej Banga Executive Chairman Chief Product Officer Michael Barr Financial Times Facebook Bengals Interest Group
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:47 min | 2 years ago

"michael barr" Discussed on Bloomberg Radio New York

"This is the business of sports from Bloomberg radio with scouts arsenic Michael Barr and Evan nobody well yeah thank you very much for joining us we are here each and every week for you at the same time talking to the biggest names in sports and today we're talking with John curry athletic director at Wake Forest and John I get the sense and correct me if I'm wrong but you get a sense that with the championship the way it is that the other bowls perhaps have lost some luster am I wrong well the ratings of the other bowls on television does not tell that story the rating of four of the bowl games are are very high comparatively it is probably you know certainly the attention paid to the new year six and the college football playoff semi finals does take away some of the attention on these games but they're still very popular for the student athletes who participate they are very significant goal institutions want to be part of it and I think they're still very important and we talk about student athlete experience to you know be with her teammates and celebrate university and compete Stover special ever important part of the higher education experience and another part of bowl games you know raising money talking to alumni that there's a whole part of the of this well this week for you that is not even football related at all I understand I think about sixty five percent of Wake Forest alumni live in the tri state area how important is is these five days in New York City for you and for the university as a whole in terms of raising money outside of just football that's a good out of state tuition by the way good for you there was a to sixty five percent probably who's doing what okay not just the tri state but but it is a significant be added as many universities but certainly for our university a significant market if you will and that and the destination of for graduating students xterra about twenty percent of our students are are from the tri state area in a little bit further out into New England so we actually have more student tickets have been purchased for this football game in New York City then were purchased in the athletic department for the golf ball and Charlotte which is you know just an hour twenty minutes away from here back in two thousand sixteen so it's it's a very significant experience for us the the exposure is dramatic the exposed or for the university on almost four million people watched the constraint bowl each of the last two years so having the Wake Forest brand as one of the I think were the twenty seventh rated academic institution in the country and the most recent the US news World Report money having that brand on that kind of stayed in front of that many people is a big deal is there a correlation drawn between success in the athletic arena particularly football and basketball and applications have you seen what happened it's been documented at Wake Forest your history what we went through the all the two thousand six and one ACC championship there was a moment of time in nineteen eighty four when we had a huge spike in the applications after a trip to the elite eight in men's basketball all those those those correlations certainly can happen because of of the exposure of a ball games already two double a basketball tournament brought some given all that it it sounds like new York's a great a great place for you guys to have a ball game right a lot of your students come from there a lot of your alumni live there it's kind of you know great TV audience break down how you guys end up there right it's not just a function of where you finish in the ACC verses where the big ten finisher is it seems like there's a lot riding on your invitation and if it ends up in the Belk bowl that that's maybe not as good for you than it is if you get an invitation from the construct all well the AP C. has excellent ball times in our commissioner John Swofford and our associate commissioner Michael Stricklin about wonderful job working with Paul partners and bring the ACC is actually had the most full panes of any conference over the last several years again this year so the way our model works is there are champion goes to the Orange Bowl or in this case Clinton's our champion of their playing in the semi finals in the orange bowl takes our next he that Virginia this year and then from there it's somewhat of a selection process with a number of different factors be camping world bowl in Orlando has the next tech and then there's a number of cure one bowl pen stripe also the pin stripe all of your American circle the ball for Charlotte the Sun Bowl and el Paso ended the Gator bowl in Jacksonville and the music city bowl of Nashville the cashier one bowl forty when it goes conference and so mother than people being slaughtered to a specific bowl based upon their finished which can sometimes result in the Saint Jean going back to the same ball multiple times or maybe a team that's further away to a bowl is going to ball is too far away and there could have been a team that was closer go to that poll the tier system with intense right being a cure one ball for us enable from logic to come into the mix so this particular case we have really strong relationships with mark Holtzman and rang the bean and Jonny Moseley in the Yankees organization I would say the like fourth got their first choice and I believe mark and Randy and the Yankees would tell you that they got their first person that you see as well up next we continue our conversation with John curry athletic director at Wake Forest you're listening to Bloomberg business of sports from Bloomberg radio around the world I'm like a bar on Twitter at the personal I never novih Williams at novih underscore.

Bloomberg Michael Barr Evan
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:30 min | 2 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Wall Street and Michael Barr with more on what's going on around the world. Good morning. Michael good morning. Nathan in an effort to rally his base. President Trump travels to Indianapolis today to speak at a National Rifle Association convention vice-president, Mike Pence will also speak today before the in our a gun rights groups spent thirty million dollars to support President Trump's campaign in two thousand sixteen according to open secrets President Trump took a swipe at the latest democratic presidential candidate to enter the race. Former vice president Joe Biden, President Trump appeared last night on Fox News is Hannity. I don't know who is going to be maybe Sanders or maybe Biden. I think that you know, when you look at Joe I known Joe over the years. He's not the brightest lightbulb in the group. I don't think, but he has a name that they know Biden kicked off his run for the White House with a fundraiser last night in Philadelphia next month, the former vice president will attend Los Angeles fundraiser, meanwhile, fellow democratic presidential candidate Bernie Sanders weighed in on Biden. But this I'm confident though is that at the end of the democratic primary whether I win with Joe Windsor with anybody else wins. We're going to see Democrats come together to defeat the most dangerous president in the modern history of this country, which is President Trump. Japan's Prime Minister Shinzo Ave meets with President Trump in Washington today. Bloomberg's Bob moon reports the Japanese leader is making his White House. Visit Justice trade negotiators for both countries. Have begun a new round of talks. They're aiming to secure a speedy deal focused on agriculture and hose, the US. Is pushing to reduce its trade deficit with Japan and gain better access to the Asian nations. Agriculture market for its part. Japan is looking for concrete promise that it won't be hit by possible. US tariffs on auto imports similar to duties imposed by the Trump administration last year on steel and aluminum on national security grounds. Bob moon, Bloomberg daybreak. But Trump administration is delaying its bid to expand oil drilling new US waters until after the twenty twenty election. According to people familiar with the matter, it's in response to opposition from coastal Republicans and a court ruling jeopardizing new oil drilling opportunities in Arctic waters, the morning commute could be a mess in the Denver area. After a fiery multi vehicle crash yesterday left several people dead global news twenty four hours a day on air at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan. Thank you, Michael six..

President Trump Joe Biden Michael Barr president vice president Trump administration Bloomberg Joe Japan US Bernie Sanders Nathan Bob moon White House Joe Windsor Joe I Mike Pence National Rifle Association Fox News
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:25 min | 2 years ago

"michael barr" Discussed on Bloomberg Radio New York

"And here's Michael Barr. John, thanks very much. The Trump administration is bracing for tomorrow's release of special counsel, Robert Muller's Russia report, it will be a redacted version counselor to the president Kellyanne Conway says the mood is great at the White House ahead of the release the report collision no criminal conspiracy. No indictment coming in. And it's got to be a little bit disappointing for those two twenty two months in twenty five million. Plus looking for it. Speaker Nancy Pelosi is among the Democrats pushing for an unredacted version saying the public deserves to know the truth. Up to the Torney general who has said basically that the president is above the law at the rest. So he's there to redact whenever he wants to see what he puts forth before when they can't make a judgement about something that you having seen yet. And so we look forward to seeing it so far congress is only seen a four page summary of the Miller report from attorney general William bar me Baras ruled that the tained asylum-seekers who have shown they have a credible fear of returning to their country will no longer be able to ask a judge to grant them bond. The ACLU says that the plan was unconstitutional and that it planned on suing President Trump vetoed. A bipartisan measure passed by congress earlier this month demanding that he withdraw US support for the Saudi led war in Yemen. The president says quote, this resolution is an unnecessary dangerous attempt to weaken my constitutional authority. Trump's veto strikes. Down to measure that represented an implicit rebuke of the president for his continued support of Saudi Arabia after the killing of journalist Jamal kashogi. President Emmanuel Macron pledged that France would rebuild the fire. Devastated Notre Dame cathedral saying he hoped the work would be done in five years. The crawl made his comments during a televised address Tuesday mccraw through a translator people men and women and own. You also fun of those who love France and Paris what I'm telling you tonight, the shit, your Soro, and I also share you'll hope global news twenty four hours a day on Aaron tick tock on Twitter about more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. John, michael. Thank you six. Thirty six.

president President Trump President Emmanuel Macron Michael Barr Kellyanne Conway congress John France Robert Muller Nancy Pelosi Notre Dame cathedral special counsel Saudi Arabia US ACLU Bloomberg White House Russia Torney Yemen
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 2 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Me step. Can you can you play this? And then bring up some clown car music for Barak. Where did he read this? Swear, I thought. This is not scripted turns out the better answer was Kevin Harvick. Wait a minute. Always keep talking fiftieth anniversary of the sixty nine World Series. Right bet. I might be what you're thinking of a couple of years away from sixty at the risk of some some podcast reviewers say that we're looking to both brands here. I knew. No. Close. Oh. So. Michael Barr, a calculator that was that was that was bad folks to use your like your advocates. I was I was thinking Liden beans left. You know what I was? I don't ask me. Okay. Unbelievable. Right. So the number is now fifty eight. We've been listening, and I hope you continue to listen to the business of sports we hear each and every week at the same time plus online as an apple podcasts. You catch the show? Thursdays. Mike. On twitter. Bars. Sports. I I'm Evan Williams. I think I'm not even sure what's real anymore. You can follow me on Twitter at Novi underscore Williams. I have I mean, I'm Scott sausage. But I've lost my pages. I've lost everything..

Evan Williams Barak twitter Michael Barr Kevin Harvick Scott sausage Novi Liden apple Mike
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:11 min | 2 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Bloomberg's Michael Barr. Thank you very much. John New Zealand Bremen ister just into ardor earn is imploring the public to speak. The names of the fifty people who died in the Christ Church. Mosque shootings rather than the accused gunman's. She says while the man saw notoriety she wants to make sure New Zealand gives him nothing not even his name or Dern adds that on top of changing gun laws in New Zealand changes are needed to social media sites as well. They are the publisher not just the postman. They cannot be a case of all prophet. No responsibility. New Zealand media report the nation's biggest banks have pulled their advertising from Facebook and Google Australia's permanent reserves. The group of twenty nations to use a meeting in June to discuss a crackdown. Authorities in Netherlands say that they're looking at all potential motives in yesterday. Shooting in the city of you tracked that left three people dead secretary of state, Mike, Bombayo speaking to a global business conference in Kansas City, Kansas address, the Dutch delegation America, stands with you. We will continue to do all we can to. To help you in this terrible time of tragedy. The suspect is in is in custody of Dutch, authorities vice President Mike Pence will travel to Nebraska today to survey damage from flooding in the midwest devastation is widespread in Nebraska, Iowa and Missouri with highways washed away in towns, isolated by rising waters. Brazil's president Geijer Bolsonaro visits. The White House today. Bloomberg's Bob moon reports. The South American leader is an ardent Mirer President Trump. It's no big surprise Brazil's new head of state is chosen to visit I with President Trump Bolsonaro rebels and being called the Trump of the tropics. He's an enthusiastic student of Trump's turbulent Twitter bay style of government and addressing the US chamber of commerce to a translator yesterday. He borrowed some familiar rhetoric. We want to have a great Brazil, just like Trump wants to have a Great America. Bolsonaro says the meeting offers a historic opportunity for the two nations to work together. Bob moon. Bloomberg daybreak Republican. Congressman Devin Nunes has filed a lawsuit seeking two hundred fifty million dollars in damages from Twitter and users.

President Trump Bolsonaro Bloomberg John New Zealand Bremen Brazil publisher New Zealand president Trump Mike Pence Michael Barr Congressman Devin Nunes Bob moon vice President America Twitter Kansas City Nebraska Bolsonaro
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:39 min | 2 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Christopher cruise. This is the business of sports from Bloomberg radio with Scott Sasha, Michael Barr, and Evan Novi. William. Thanks for joining us. Let's continue our conversation with Carolina Hurricanes owner, Tom Dundee, Tom. We have to ask how did the post game celebration start? It seems to have taken on an energy of its own everyone in the NHL is talking about it was that your idea or did that come from the players. I'm trying to figure out how to make it. My idea. Just say it often enough and people believe it, I know should learn from the president. But. Yeah. No, I had nothing to do with it. I actually missed the first one because I was walking down downstairs and didn't didn't even know what had happened, obviously, really appreciated them doing it. And I think it just shows that they get it. Right. They understand that all the things we're talking about right now. And you know, hopefully now it's turned into something. They can enjoy to right? I think they started off doing it for the fans. And obviously, that's why you do it. And then, you know, hopefully, it's not it's not hopefully, it's something they enjoy to. And you know, it starts to be fun. It's a lot of pressure on these guys up with stuff. I think but you gotta say thank you to Don cherry. I mean, he's the one who said what a bunch of jerks doing this. And and then you guys took advantage of it. And I see it on NHL network. And then you gotta hit the mainstream, but it's got to start somewhere and high collared shirts then took off after that, Don cherry say. It was fortunate for sure awesome. And but look I think it's a great example guys like that that are involved with the league that gets people talking about you. You know, I wish we had more personalities like him. You know, I think I think obviously we benefited from him having opinion. And what I've tried to say is I don't think we're doing it to be jerk. So I definitely thought about after he said it came to the conclusion that you know, that it's no way shape or form malicious but him saying, it's not a bad thing. And you know, we could all learn something from this. Right. Like, you know, he created something that got us entertained and our fans engaged, and he did it. We didn't come up with it. So we we also have to make sure that we remember we have to come up with things to create reasons for you to talk about how valuable has that been from from a marketing standpoint, right? It gets the hockey world and even people beyond just the hockey world talking about the Carolina Hurricanes. Yeah. It's hard to quantify because you know, ultimately, what matters is if you create that winning culture and make the playoffs, and you know, those those things are way more important than all the other little things we can do with social media or around our brand. But I would say it becomes a silly anecdote. You know, if we don't make the playoffs stepping off the ice for a second you made headlines a couple of weeks ago when you made an investment in the AFC the alliance of American football reported originally as a two hundred and fifty million dollar deal. I know you've said that that maybe that's not entirely accurate around the terms of the investment. Can you clear the air here? What exactly were the terms of that investment, and what's your involvement with the af I think the reason the two hundred and fifty numbers out there is that's the amount of capital, it probably takes over time to get this thing to where it can self sustain, you know, like probably every business, right? Every every startup takes capital. That's kind of that story. The my involvement is, you know, I'm trying to figure out how to make sure that this is a compelling place for people to develop players coaches and Rapson technology, and you know, so far, it's it's it's gone. Really? Well, and you know, now, we've got one of our big goals is to create an opportunity for players that are on NFL rosters that haven't got reps to be able to play. And if if that would ever happen. I think it makes us no more interesting for sure so how much have you invested so far probably. Seventy million. I don't know ok p seventy five it's just you know, if you pay every week, right? We gotta get to two fifty if it if it appears that it's going. Well, I just wanna make sure I understand the the number. Yeah. It doesn't the numbers sort of luck. I mean, you guys probably know given business card. You've got if your if your business is successful capital easy. Right. Whether it's mine or somebody else's so yeah. Two fifty is a number that looks about when I invested what based on projections where where it would be. But if you grow faster or bigger, you'll use more capital in the short term because you believe. You know, there's more upside. So with the number. I know it won't be as two fifty. You know, it could be. The chance that it's going to be to the exact that exact numbers pretty small what in the business plan leads you to believe that the af will be more successful or one man standing over the XFL nothing. I don't I don't spend any time thinking about thinking about it that way. Very smart guys. I'm sure they'll do a great job and have something compelling. I think we know what we want to be and. Able to create a place for players to develop to work their way back to the NFL. Then I think that has a place in the world. I'm not I'm not even sure I I'm sure that I have under. I don't know what their business plan is. And. And but once again, they're smart folks that I'm sure they'll come up with something that can be successful. Also, I mean, you know, people look at soccer and baseball and hockey basketball. There's many many many pro weeks, right? So the idea that the idea that this is an either or is probably not something is that a lot of time on the New York papers the last couple of days have had a field day with a Tim Dolan here. The owner of the Nixon the Rangers who had an ex game couple of days ago, essentially throughout a fan who told him yelled at him to sell the team. I'm curious. How would you would need to hear from a fan? Have you of the same reaction? Oh, I they'd probably just have to do something that that wouldn't be anything. They'd say to me. But yeah, I mean, obviously, if someone is using language that wouldn't be appropriate for your families, or whatever. No. I don't care what they say. I mean, if we lose I'm dumb, and if we went on smart, I already that's that's the way this is going to be. So it's not gonna it's probably not gonna bother me very much time. I'm going to give you close with this. I'm going to give you a money-making fan-friendly developed feature fans idea, and I don't need any credit for knows no bunch of the revenue here. But I'm gonna tell you as as someone I told you earlier my nine year olds a top-flight hockey player. We go to plenty of games. You know, what nobody does that? I'm yearning for. You need the fan friendliest up in hockey. I mean, I want every player before he leaves the ice to pick up three four five bucks and make sure the kids around the glass, get one make sure the kids who have a sign you come over here. They'll tip of the capital wave a little whatever and the pucks. I don't want standard black pucks. What I want is spend the action whatever the unit cost is get the logos. Are the two teams and the date of the game and make sure every kid who cares enough to wear jersey and stand up against that glass. Banging waiting for their their favorite player to give them some attention walks home with the puck. You were at school. Don. And. Kids and their parents in the building earlier you sell more soda you'd sell more popcorn. And you'd get kids smiling telling mom and dad can we go back to the game again because I had such a good time. You think the one more than one puck? They're happy with one. No. I mean, we'll come back to get another one without a doubt without end. No, I like it the right thing to do. Anyway. Right. I mean. That makes sense. Right. Well, when when I see it all over NHL network with the hurricanes are doing this was the Genesis, right? You want to call it the sauce Nick warm here, we go. This kids against the glass, and I see their faces when they get nothing and walk back walk away. And like, oh, he threw maybe maybe two or three of the players through a puck over the glass or came over or flipped. It all of them, certainly don't and you should see the face of the kids. You don't get anything when they walk away. I think it's easy enough. You're not wrong. Every every guy before they're done warm up say grab a puck Android over. You know, then you get your twenty at least. Yep. There you go start start with something. All right. Tom of the hurricanes chairman of the alliance of American football. Thank you very much. Thanks, guys. Takeaways this week. I was thinking about why hockey is number four in the four major food groups in the major sports, and I still don't quite understand. Why? No, I do baseball. You can play with the glove and a boy cats basketball, you just need a ball. You get up. It's hard to play hockey. If you don't experience and play the sport as a young kid. It's hard to fall in love with it. But people have football and most people don't. Football. They play flag football. They go out and play tackle football people play football. It's not easy you need ice. It's not like you can get a friend of yours and say, let's go play some hockey. Well, but it comes back to listen as we all know, I grew up in Detroit. And that's the key. I haven't heard you, by the way that's called hockey town. That's I'm saying. We do. And and and we want that up in the interview was like look right across the border. You know, that's my point is popular in Detroit. You have access to ice. It's popular. It's called hockey town for a reason you're proving my point I disagree. I'm just saying I never been on the ice. It looks bored. He's thinking about something that might take it. Okay. You're my takeaways that I gave him the simplest greatest idea in the NHL right now you wanna make more money somehow make the pre game skate. A thing have the best most popular most fun family friendly kid-friendly pre game skate in America all the players. Pick a pucks to all the players throw pucks over the over the glass every kids involved they will come early. They will come often they will buy.

hockey NHL football Don cherry Tom Dundee NFL Carolina Detroit Christopher cruise president baseball Bloomberg New York Rapson technology Scott Sasha Tim Dolan America AFC Rangers
New Zealand, Prime Minister And Dern discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

Bloomberg Business of Sports with Scott Soshnick and Michael Barr

00:31 sec | 2 years ago

New Zealand, Prime Minister And Dern discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

"Kusak. New Zealand, Prime Minister descended are Dern promise. Change awaits in the wake of the terrorist attack on two mosques. We cannot be deterred from the work that we need to do on gun laws in New Zealand. They need to change regardless of activity may or may not have happened with gun retailers. They will change our cabinet will discuss the policy. Details on Monday, fifty people were killed in Friday's mass shootings as the toll rose as another body was discovered in one of the

New Zealand Prime Minister Dern
North Carolina lawmakers re-introduce bill to arm teachers

Bloomberg Business of Sports with Scott Soshnick and Michael Barr

00:27 sec | 2 years ago

North Carolina lawmakers re-introduce bill to arm teachers

"Back North Carolina lawmakers once again pushing to arm teachers with guns, and they're considering to offer an incentive of a five percent salary boost to teachers who undergo basic police training during a stop in South Carolina democratic Senator and twenty twenty presidential candidate comma, Harris offered her opinion there is not a teacher. I know that went into that noble profession with the idea that they'd have to strap on a gun in order to do their work

North Carolina South Carolina Senator Harris Five Percent
US discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

Bloomberg Business of Sports with Scott Soshnick and Michael Barr

00:13 sec | 2 years ago

US discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

"The US back Syrian forces said to be closing in on the Islamic state's last stronghold near the Iraqi border. A spokesman said a decisive battle was expected today following a

United States
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"City. Here is Michael Barr. Jonathan thank you very much. A Coast Guard Lieutenant is scheduled to appear in court today regarding allegations that he is a domestic terrorist authorities alleged that Christopher Paul Hassan is a domestic terrorist who put together a hit list, a prominent Democrats and media figures today, President Trump's longtime confidant Roger stone will appear before judge any Berman Jackson as she weighs whether to tighten the gag order or change the terms of his bail stone faces charges of lying to congress and obstructing a federal investigation posted a photo of what Jackson on his a photo of Jackson on his Instagram account with an image of what looked like a rifle scope crosshairs at least eighty one people have died in a fire. That raced through densely packed buildings in Bangladesh's capital. Dhaka many were burned beyond recognition a unanimous decision handed down by US supreme court. May limit states to seize private property involved in the crime. The justices rule. The forfeitures are subject to eighth amendment protection against excessive fines, the decision is a victory for an Indiana man, who's forty thousand dollar Land Rover was seized for selling about four hundred dollars worth of heroin. Global news twenty four hours a day on Aaron at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg Michael Barr. Thanks so much now for the Bloomberg NBC sports.

Michael Barr Berman Jackson Bloomberg Christopher Paul Hassan Dhaka Roger stone NBC US President Trump Land Rover Bangladesh Twitter Indiana Instagram heroin congress Aaron forty thousand dollar four hundred dollars
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:04 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Of sports from Bloomberg radio with Scott Sasha, Michael Barr, and Evan Novi. William says heroes be natural and compensation. Yes. So thank you very much. This is the you preposition. On the business of sports, Scott, and I continue our conversation because they haven't had too much to do with the president of NASCAR. Steve phelps? We have to bring up a brand new rule this year, and it's important along with the business of sports now. And I'll connect the two I call it the D Q rule that that is out there, can you first of all can you explain that to the listening audience, and then I'm going to get back to why it's important, especially in monsters. Yeah. It's the Michael we do have a new role. Right. And so we are going to expect and look at how we. Inspected cars differently. So we've had things up front that we're doing differently. So if there is a an infraction. The team gets you know, gets an opportunity to try to fix it. And if they don't then they're penalties that that start to be incurred. So the. Something called the car chief will be asked to leave the racetrack in penalizing, restricting practice time things of that nature. So that's the kind of up front piece. And then typically what we would do is. We would take a number of cars, including the winter. We take them back to our research and development facility in North Carolina. And we break that car down to see if there were infractions if there were infractions, then we wouldn't they wouldn't current penalty. And some of those are, you know, a significant number of points as well as the financial hit from a penalty standpoint. So we've decided to do this year instead of doing that. And then coming out with a penalty on Tuesday or Wednesday of that week. We're going to break down the cars the first and second cars at the racetrack. And so within roughly two hours of the race concluding. We will give the thumbs up side that the cars have passed inspection. If they do not pass inspection. Then one or the other than they will lose. It's almost like they didn't come to the racetrack. They will get last place points. They will get last place money and they will forfeit their win. And the guy if it's the guy who had won the race. That is then the guy who came in second is now the winner of the race moves up. You know, what this is going to do away with in this new world, we live in you can't tear up your betting slip, right? When the race is over you better. Hold onto. Yeah. And that's actually a really good. That's a good question right in there. Which is hey from were allowing we're being aggressive on the sports betting front. And so you know that happens in real time. And so there is going to be a winner that is declared and and one that's done. The betting is a betting is this going to be if you're going to pay out on those odds when that happened. So, and that's a that's a part of the difficulty of this. Because you can't you can't expect the car in a in sixty seconds. It literally are tearing down the car to make sure that things are within code. Well, here's the thing that I want to connect this to the sponsors. If a car is d cubed the sponsors, obviously are not going to be happy and that could result in the loss of a sponsorship. And that's that's something. The NASCAR teams are going to have to key. Keep in mind is like all right. Let's see how far I really want to push this because I could blow my whole sponsorship deal. Well, that's exactly right, Michael. This is meant to be a very large a deterrent. So bring your car. You know, bring it legal and get up to the line. You know, kinda the box that we've put you and get up to the line of keeping it legal. But if you go over the line, we are going to Deke you, and that is something that is that's new for us. We've never done that it is important. Are there sponsor implications to it? There are sponsoring applications to it. If I'm a sponsor, I don't want to be involved with you know, someone who is being disqualified. And so that sponsor will voice their displeasure with whatever team that is. And they will bring a a legal car the racetrack. This'll do you think these things will be written into sponsor contracts, a certain amount of I mean because nobody wants that like you said reputational associated. I have no idea. I wouldn't be surprised if that that were the case I mean, we've had on the positive side we've had sponsors. And or drivers were they're being rewarded for making our playoffs right or making to the championship for or winning the title. Could there be something in here? Yeah. 'cause I there are reputational things that that are hanging up that are in play here. And listen, we don't want this to be the story. You know, the story should be about the racing. The story needs to be about the winner. Are we going to have a disqualification this year? I don't know. I I sure hope not. But it's our job to officiate and do it fairly and to make sure that you know, all the competitors are playing by the same roles. What about stars everybody knew Dale Earnhardt? I'm talking about the casual fan like me is certain names. I know certain faces. I know I'm saying for me. I would have a hard time identifying I think the people you identify as the biggest stars in NASCAR. How do you create stars? Yeah. That's a good question. Listen, I think we've had a crop of drivers who have retired. Who were you know, household names and some questions some respects, right? You have Daryl Earnhardt jR. Are you have Jeff Gordon? Tony Stewart danika, Patrick those are big stars. And so we've had all those retiring the last in some others as well. Who've retired in the last three years. So it's our job to work with our race teams drivers to try to build their brands which is exactly what we're doing part of it has to play on the race track. So there's a job for them to do off the racetrack. And they're promoting the sport. They're promoting their sponsors is a big is a big part of that. So what we try to do is. We try to make sure that we are. We are doing everything we can to make them to make them household names. Steve Phelps the president of NASCAR. Of course. When I have my chicken wings, and I'm gonna have my Doritos everything all set that would be ready to watch the Daytona five hundred. Oh my goodness. Tune in folks, Steve thank you so much. We appreciate your time. Michael, scott. Thank you for your time as well. Appreciate you have me on takeaways. Okay. I have to say this. And I'm about to pour my heart out before everybody music. Here we go harps beef versus sport. I ever got into. Race. Got into board. Don't please. You are over the top direct to consumer guy ninety nine. Jar. I the Daytona is is very near. And dear to me every year. We had up until now. I always said, hey, it's time for you. Even take the family out. Kick the Daytona five hundred even when they used to run the the five hundred on your wide world of sports didn't run it live back. Wait until. Came on that weekend. And I'll never forget that. So to me the takeaway here is. For NASCAR fans. This is our Super Bowl, and I.

NASCAR Michael Barr Steve Phelps Scott Sasha president North Carolina William Daytona Bloomberg Dale Earnhardt Jeff Gordon Daryl Earnhardt Evan Novi Tony Stewart danika Patrick sixty seconds three years
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Thank you, Paul. Thank you, Tom fresh off his state of the union address. President Trump today with announces candidate to be the next president of the World Bank. According to reports, the president has elected David Malpass, currently the under secretary for international affairs at the treasury department last night during his address the president called for unity in Washington victory is not winning for our party victory is winning for our country. The president also reaffirmed this commitment to a border wall. Georgia Democrat, Stacey Abrams blasted President Donald Trump and everything from education and school safety to being out of touch with the middle class and a response to the president's state of the union address Abrahams who narrowly lost her bid to become America's first black woman. Governor called the thirty five day partial government shutdown a stunt engineered by the president of the United States. Another so-called caravan of migrants has reached the US border aboard dozens of chartered buses provided by the Mexican government. Nearly two thousand central Americans have arrived just on the other side of the Rio Grande from eagle pass, Texas. Global news twenty four hours a day on air that tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Thanks so much screen negative forty four in the Dow go to cash terrible futures higher earlier, we're open for trailing fifteen point five three on the viks as well. Yields be in two basis points at the two year two basis points in the ten year three point zero one percent and the thirty year bond, the dollar is stronger. The art world is constantly evolving. Trends come and go, fashions change, but the.

president Donald Trump United States Rio Grande David Malpass Tom Paul Twitter World Bank Stacey Abrams Mexican government Dow Michael Barr Bloomberg treasury department Abrahams under secretary Texas Georgia America
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"With Bloomberg's Michael Barr. Thank you, very much Nathan, a BI partisan congressional committee began negotiations on -verting, a second government shutdown conference committee, chairwoman democratic Representative Nita Lowey says more money for abortive all means less funding for FEMA the coast guard and TSA every dollar spent on ineffective proposal means one less dollar invested in measures that actually keep us safe. However, Republican Senator Richard Shelby of Alabama says a physical barrier is needed. Smart technology alone. Does not actually stop anyone from crossing into the US illegally. And if that is happening our borders are not secure another shutdown looms after current funding ends on February fifteenth the polar vortex that took hold of the middle. West and northeast continues to cause all kinds of disruptions in Detroit crews are trying to repair water mains that burst democratic presidential hopeful. Elizabeth Warren defended her wealth tax proposal as a way to raise revenue and bolster opportunity for ordinary Americans warned an interview with Bloomberg TV says, I believe in capitalism, but capitalism without rules. If. Theft encouraging companies to build your business models on cheating, people capitalism. That's not competition in the marketplace. That's not producing consumer surplus. The Massachusetts Senator who announced your exploratory committee for twenty twenty presidential bid pushed back on criticisms of our wealth tax proposal. A two percent tax on household assets. And excessive fifty million dollars and a three percent tax on fortunes above a billion dollars. It was a historic plan and Elmwood park in New Jersey for decades. Eight fire alarms later, the Marcal paper plan is now just ashes and rubble. The fire broke out at the planned along route eighty along five PM yesterday and burn through the night. No one was hurt. Global news twenty four hours a day on air and tick tock on Twitter powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, michael..

Bloomberg Michael Barr Nathan Senator Richard Shelby Bloomberg TV Nita Lowey TSA FEMA Elizabeth Warren Twitter US Alabama Senator Detroit Theft Representative Massachusetts New Jersey fifty million dollars
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Michael Barr. Thank you very much Nathan president Donald Trump's claims on key foreign policy issues were under cut by his own national security team. Trump spy chief as well as top officials from the C I A aid fence intelligence agency and FBI sat before Senate committee. They conceded that North Korea and Islamic state remained critical security threats to the US even as the president contends that there is progress national intelligence director, Dan Coats on North Korea. We currently assessed that North Korea will seek to retain its WMD capabilities in is unlikely to completely give up its nuclear weapons and production capabilities code says North Korean leader, Kim Jong Hoon views nuclear arms as critical to the regime survival a house Senate conference committee convenience today to negotiate homeland security spending for the. Rest of the fiscal year and the future border security. Bloomberg's Bob moon. Recaps the various positions he says, he'll compromise by calling it a border barrier. But President Trump also tweeted over the weekend. Does anybody really think I won't build a wall? House Democratic caucus chairman Hakeem Jeffries will only go as far as a fence we are willing to support fencing where it makes sense that will Trump signed the kind of pared-down deal leaders of both parties are setting their sights on democratic Senator. Mark Warner says it's not productive holding his shutdown over their heads running government via shutdown. Brakemanship must come to an end Republican Senator Lindsey Graham is giving the talks a chance, but still thinks Trump can go around congress by declaring an emergency one way or the other. We're to start securing the border Bob moon, Bloomberg daybreak deadly Arctic deep-freeze as grip the midwest forcing widespread closures of schools businesses and government offices and finally hotlanta. My pass ahead of.

President Trump North Korea Bob moon Trump president Kim Jong Hoon Senate Senator Lindsey Graham Michael Barr Bloomberg Hakeem Jeffries Nathan Dan Coats Mark Warner FBI Senator
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:24 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Karen, five thirty three on Wall Street Michael Barr. Tell us what's happening in the world. Michael. Thank you very much. Nathan acting attorney. General Matthew Whitaker says that he has been fully briefed on special counsel Robert Mueller's investigation into Russian meddling in the two thousand sixteen election on the investigation is I think close to being completed, and I hope that we can get the report from director Muller soon as we as possible. During a news conference Whitaker also says that he's comfortable that the decisions that remade are going to be reviewed. We did not elaborate. But a Justice department officials said later he thought conveyed that he'd follow department regulations regarding mothers closing documents. Longtime President Trump confidante. Roger stone is set to appear before federal judge today. White House press secretary, Sarah Sanders. I'm not aware of anybody here ever working with WikiLeaks in any capacity. But I do know that every individual that represents a media organization here looks for that information. Most of you reported on that information. So I think you're just as accountable as anybody else. Stone is expected to plead not guilty in a Boston court to charges that he lied to congress about pursuing dirt from WikiLeaks files on Hillary Clinton and engaged in witness tampering. The screws are likely to keep tightening on Venezuela's Nicolas Maduro as the US presses its demand for peaceful transition to a new president. Here's Bloomberg's Bob moon with Medeiros refusal to relinquish his position and recognize one Godot as Venezuela's new leader national security adviser, John Bolton says any retaliation against guy does government or US. Diplomats will bring swift consequences any violence against these groups would signify grave assault on the rule of law, and we'll be met with a significant response. Treasury Secretary Steven Mnuchin says severe sanctions on seven billion dollars in assets. And over eleven billion in lost. Export proceeds are necessary. The purpose of sanctions is to change behavior. The officials concede that blocking Venezuelan oil may affect global prices. Bob moon, Bloomberg daybreak Michael Barr. This is Bloomberg. Nathan, michael. Thank you. It is. It's five thirty five on Wall Street time for the Bloomberg NBC sports update. Let's check in now with Jon Stashower back in mid December. The Knicks went to Charlotte one in overtime into five game losing streak since then win. The Knicks are one and eighteen back in Charlotte Hornets sent the Knicks to their tenth loss in a row one. Oh, one to ninety two the Knicks with the bulls. Cavs and sons in a four way battle the finished with the worst record. And then have the best odds of gaining the first pick of the draft before teams right now separated by on the game and a half the fries for getting the first pick appears to beat Duke freshman Zion. Williamson last night he scored twenty six points. Do crushed Notre Dame eighty three sixty one the nets and coach Kenny Acton. Lost in Boston one zero four. Obviously we struggled offensively. We didn't shoot the ball. Well, the whole game. I said, I'm proud of our guys. Excellent team. My guys gave their all we have know cut. It got too close. Proud of our guys played how they competed Lawson's Brooklyn six game winning streak. Eleven wins in a row now for Golden State one thirty two to one hundred at Indiana, the devils just their sixth road win six three. And Pittsburgh is this patriots dynasty ever going to end Tom Brady has shown no interest in retiring? Although rob gronkowski has and thirty one year old montvale New Jersey native, Devin mccourty was asked about retirement at Super Bowl medium night in Atlanta for sure man, but I do look at it. You know, we go win this game win over my brother. I don't know. What else I could do that on top? So on disarmament. This season. And I enjoyed his last couple of days with these guys is ninth year in the Pat secondary in plain now with his twin brother Jason Paxton Rams getting ready for Super Bowl fifty three on Sunday. Bloomberg NBC sports update. I'm Jon Stashower. John. Thank you. It's coming up on five thirty seven on Wall Street and the latest edition of Bloomberg business week is on newsstands now with the cover on the best government shutdown ever. Also in this week's issue. What happens when workers on Wall Street, try to sue their boss, Maxine, send wrote the story for Bloomberg BusinessWeek, what the American worker has done in the last thirty years is lose what feels like a very fundamental, right? And that's a right to sue your boss in court should something. Go wrong. You can read more about this and other stories in.

Bloomberg Matthew Whitaker Michael Barr Knicks Roger stone Bloomberg BusinessWeek Venezuela Nathan US Jon Stashower NBC Boston president Bob moon John Bolton Muller nets Robert Mueller Karen
Fed investigating Deutsche's role in Danske money laundering

Bloomberg Daybreak

00:41 sec | 3 years ago

Fed investigating Deutsche's role in Danske money laundering

"Recent rally as some of the data hasn't been coming through quite as badly as the markets were pricing. But I think we're ready relatively flat trading range, the most markets over the course of this year, the all country world index is up five percent this month. That's just behind last year's six percent gain over the same period. This is Bloomberg. It's five oh seven on Wall Street time. You get the latest world and national news for that. We turn to Bloomberg's Michael Barr. Thank you very much. Nathan Senate majority leader Mitch McConnell is now allowing consideration of rival Republican and democratic proposals for reopening the government. It comes as the shutdown has entered its thirty third day. Bloomberg's Bob moon reports though, there is no guarantee. President Trump will go along McConnell has insisted he would not waste time as he put it voting on any measure that Trump opposed. Any initially said a Republican Bill with all five point seven billion dollars for a border wall was the only measure Trump supports that. I've stated consistently over the past month. That fact will earn it consideration here in the Senate that hard line appeared to soften though, when he also scheduled to vote on a funding measure from the house after Senate Democratic leader, Chuck Schumer, Blaine Trump and his party for demanding only their way to allow government funding. Everyone knows that. He an leader McConnell are the only obstacles to opening it back up it appears neither Bill may win enough votes to pass. S Bob moon. Bloomberg daybreak secretary of state, Mike Pompeo is said to be wing at twenty twenty bid for US Senate seat in Kansas. A person familiar with the matter says Bombayo spoke with Senate majority leader McConnell and a GOP strategist flights end to Newark airport were suspended briefly yesterday after a drone was spotted along the airports final approach path. The drones were seen at about thirty five hundred feet up live ATC dot com recorded a United Airlines pilot telling air traffic control about the close. Call the drone bows thirty feet off right way. The FAA prohibits drone use above four hundred feet or within five miles of an airport. Without permission. The leaders of Japan and Russia met in Moscow. Bloomberg's Isabel Reynolds has more from Tokyo twenty fifth meeting between Japanese Prime minister, Shinzo Abe and Russian President Vladimir Putin failed to bring about any substantial progress on a territorial dispute that has lingered since World War Two and a briefing after that meeting in Moscow. Both leaders said the process would be difficult. They nonetheless agreed to continue trying to reach a deal with their respective foreign ministers set to meet again next month in Munich in Tokyo, Isabel Reynolds, Bloomberg daybreak Los Angeles teachers have approved a contract deal ending a six-day strike global news twenty four hours a day on air and at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, michael. Thank you five.

Bloomberg Mitch Mcconnell President Trump Senate Nathan Senate Michael Barr Isabel Reynolds Bob Moon Bill Tokyo Moscow Mike Pompeo United Airlines FAA Chuck Schumer Twitter GOP Shinzo Abe Russian President Vladimir Put
Bloomberg, Societa Generale And Theresa discussed on Bloomberg Daybreak

Bloomberg Daybreak

00:10 sec | 3 years ago

Bloomberg, Societa Generale And Theresa discussed on Bloomberg Daybreak

"And you're f- shares of Societa Generale down. Three percent Francis. Third largest banks that earnings will be hurt by the quote, challenging environment and global capital markets. British Prime Minister Theresa may has survived a no confidence vote. Now, she has to search for a compromise with parliament to deliver a Brexit deal. The vote on her plan B is set for January twenty ninth shares of apple down. Nearly one percent. Bloomberg news has learned the company. Will cut back on hiring after selling fewer iphones unexpected and missing its revenue forecast for the holiday quarter. Now, let's get you have to date and how stocks are faring. We check the markets every fifteen minutes throughout the trading day on Bloomberg s&p futures down seven points. Dow futures down fifty three NASDAQ futures down twenty-five the Dax in Germany is down three tenths of a percent. Ten year treasury up one thirty-second yield two point seven one percent. And the yield on the two year two point five three per cent. And straight ahead. We have the latest world and national news. And this is Bloomberg. Thank you. Karen? It is six thirty three on Wall Street. Let's get the latest row. The national news now from Bloomberg's Michael Barr. Thank you very much. Nathan

Bloomberg Societa Generale Theresa Prime Minister Francis Apple Michael Barr Nathan Germany Brexit Karen One Thirty-Second Seven One Percent Fifteen Minutes Three Percent One Percent Ten Year
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"Michael Barr is here with more. What's going on around the world? Michael. Thank you very much. Nathan the house passed the latest in a series of bills to end the partial government shutdown, but it has little Republican support. The measure would provide twelve point one billion dollars in disaster aid and reopen the nine shuttered federal departments and dozens of agencies through February eighth, but it does not include the money, President Trump is seeking for a border wall. Meanwhile, we're learning a growing number of federal workers caught up in the shutdown have been tapping into their retirement funds to make ends meet the story from Bloomberg's Charlie Pellett. It is a sign of how the government shutdown is squeezing day today. Finances federal retirement thrift, investment board data show a thirty four percent jump in the number of hardship withdrawals in the two and a half weeks after Christmas when compared to the same period last year, the data goes through January four. Th the first weekday after many federal employees, miss paychecks the outflows mostly come from investments run by black rock the sole manager for four of the thrift savings plans five individual funds. Charlie pellett. Bloomberg daybreak. More than one million government contractors are also cutting back on spending the White House doubled. His estimate of the cost of the shutdown on the economy saying and hadn't been counting the effects on contractors. The Pentagon says a suicide bomber in Syria has claimed the lives of two US troops and to American civilians. The Islamic state has claimed responsibility for the killings. Three service. Members were also injured in the bombing Patrick Shanahan acting secretary of state says they are reaching out the families of those injured and killed our fight against terrorism is ongoing, and we will remain vigilant and committed to its destruction last month, President Trump announced US troops would begin to withdraw. From Syria after saying ISIS had been defeated in the region..

President Trump Michael Barr Bloomberg Charlie Pellett US Syria Patrick Shanahan Nathan White House Pentagon one billion dollars thirty four percent
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"For inflation and the interest rate outlook Kumar SRI Kumar is president and founder of SRI Kumar global strategies you've had inflation, which is still a long time, very low and even now the code inflation rate is not high. So what has happened is that the policy monetary policy that we have followed has led to extremely low inflation rate as well as low rate of growth, which is what gives rise to a situation when you're unable to increase the real federal funds rate a little change for the S and P five hundred index down half a point the Dow dropped six points. Also little changed NASDAQ down fourteen down two tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries on Charlie. Appellate. This is Bloomberg. This is the business of sports should major league baseball short enough to see how do we present football to the audience of the future? I don't think that most players understand the power that they have the future of IndyCar racing is looking bright Scott saw Schneck, very basic math. Here. More bidders means more money heaven. Nobody Williams team value has essentially quadruples and the leaders in the sports industry time to bring in our guest Hal, Steinbrenner National Hockey League Commissioner Gary Bettman Atlanta Braves president Derek Schiller, patriots president Jonathan Kraft Bloomberg business of sports from Bloomberg radio. Hello, I'm Michael Barr. I'm at the Novi Williams. Scott sauce, Nick over the next hour. We will explore the big money issues in the world of sports and talk to some of the biggest players in the industry today. We speak to the man in charge of the NFL sponsorship and consumer products business. NFL cheat media and business officer Brian roll up on the volving sports media landscape. You know, the reality is we live in a world. Where network says no commercials and. In their second commercials on YouTube. It's just a different different world. And you're gonna see that. I think he's thinking that evolve significantly that's coming up on the show. But first, let's look at the top stories business stories of the week. And let's start with San.

Bloomberg SRI Kumar president and founder NFL Scott sauce patriots president Novi Williams Twitter baseball Jonathan Kraft San National Hockey League Michael Barr IndyCar YouTube
"michael barr" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:34 min | 3 years ago

"michael barr" Discussed on Bloomberg Radio New York

"New York City is Michael Barr. Jonathan John thank you, very much deputy attorney general rod Rosenstein is expected to leave this position soon after William bar is likely confirmed as attorney general, that's according to multiple reports Rosenstein, they've been overseeing special counsel Robert Muller's investigation into Russian meddling in the two thousand sixteen election. President Donald Trump demanded congress provide billions more to combat illegal migration in a primetime address. However, the president stopped short of declaring a national emergency. As the standoff continues over a proposed wall on the Mexican border. This is a choice between right and wrong Justice and injustice, this is about whether we fulfill our sacred duty to the American citizens, we serve house speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer rejected President Trump's description of a crisis on the Mexican border. And they're. Response to his address glossy says much of what the president said is quote full of misinformation, and even malice capacities rejecting these bipartisan bills, which would reopen government over his obsession with fortune forcing American taxpayers to waste billions of dollars on expensive and ineffective wall a wall. He always promised Mexico will pay for today. The president will meet with congressional leaders from both sides of the aisle at the White House. Global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg com..

President Donald Trump president Michael Barr rod Rosenstein deputy attorney general New York City Robert Muller Jonathan John Chuck Schumer Twitter special counsel William bar attorney Nancy Pelosi Bloomberg congress White House Senate Mexico
Nine Percent And Two Percent discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

Bloomberg Business of Sports with Scott Soshnick and Michael Barr

00:18 sec | 3 years ago

Nine Percent And Two Percent discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

"Percent. The December employment report is being called a blowout. Three hundred twelve thousand workers were added to payrolls workers wages were up three point two percent. From December of two thousand seventeen the employment rate ticked up to three point nine percent. Suggesting many idled workers came off the sidelines to begin

Nine Percent Two Percent
Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal

Bloomberg Surveillance

01:22 min | 3 years ago

Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal

"Dismissed or quit depending on whose version of events. You follow? Officially Tom dependent gone will continue to do what it always does. It will stand on a wall on defend this country to the Admiral Stavridis, some what if you could just sort of use your navel and strategic background in the context of China and a book that you have recommended called on desperate ground, and what we should take away from reading this book by Hampton sides about China and understanding them, not only from a military and trade perspective. But from a political and cultural perspective. Yeah, terrific question. The book is about the Korean war, and it's a cautionary tale for modern times. Right. In other words, we know what? War on the Korean peninsula, would look like hundreds of thousands if not millions dead that was before there were nuclear weapons involved. So a we ought to take the cautionary message and be we ought to. Remember when China's back was pushed to the wall by MacArthur with US troops surging north. They responded they responded hard. They pushed us all the way back down that peninsula. We should not underestimate China's will in a military conflict. So I wouldn't say we're quite on desperate ground yet between the US and China, but skirmishes lead to wars we need to be very cautious and careful in how we deal with China. So what is the scuttle butt among your colleagues and other officials in an outside of the military about the future of the United States role in the Pacific. We need to remain engaged to walk away from the Pacific takes away from the economic engine of the earth on the other hand, we have got to find a modus Vivendi with China, and I'm particularly concerned this week with the exchange of messages, if you will between president gee of China and president sigh of Taiwan in their New Year's messages. They went back and forth about unification that could be a real flash point in twenty nineteen. That's been relatively quiet over the last decade. I, of course, identified you Fletcher school. And of course, you exited tufts and Fletcher school here after five years herding cats known as a faculty, and I would love to know within the vogue of international relations. What was your biggest surprise for students within the international relations after five years? It's Fletcher it is so in now to do international relations. What's your message to students undergraduates graduates, and their parents who want to pursue are? Number one by far is that international relations gives you an opportunity to serve to serve your country eventually in the military, but in the diplomatic core at the Central Intelligence Agency. In international business is a form of service engaging globally provide service to the world, and I'll close by saying our students focused in particular, Tom on his shoes of equality, globally and the environment, and it's very idealistic space for students to be in. And I think is a very powerful one in today's world. Thank you so much greatly. Appreciate it writing for Bloomberg opinion as well. Former NATO supreme allied commander as well. I thought his insight there on Taiwan is fallen beneath radar. That's over though. It's on a lot of people's radio. But within the markets that we folk. Focus on that was really suggested a geography lesson to get out and just start plotting the actual distance between China Taiwan and South Korea and North Korea and Japan. It looks a lot smaller than the Gulf of Mexico, and I talk about book here. Please my book of the summer, folks. Robert Kaplan, Robert d Kaplan, the return Markle's polo world, and if you're really motivated, his previous book Asian cauldron is about the geography, Mr Fox just talks about how can we think about these issues? If maybe we know the map, but even better if we actually understand the distances between these different countries and putting you're so right about that difference between Formosa from another time and place in China as well futures a negative twenty four Dow futures negative to thirty eight the yen one oh, seven seventy four. Now, let's go to Mr Michael Barr and find out what's happening in the world. Mr var. Thank you, ma'am. Thank you, Tom. The new members of congress will be sworn in today. Democrats will take back control of the house while the Republican majority in the Senate grows by two in total. One hundred twenty seven women were served in the one hundred sixteenth congress being sworn in today. Do members include several I such as the first two Muslim women from Michigan and Minnesota they'll take the oath of office on a Koran that belonged to Thomas Jefferson. We'll also see the first native American women and the first African American women from several states US ambassador met with Paul. We learn the American arrested in Russia accused of espionage wheelin, a former US marine is being held in one of Russia's most notorious prisons global news twenty four hours a day on air and then tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg com. Kabar? Thank you so much again futures negative twenty four Dow futures negative to forty three lifted yields off yesterday to sixty four in the ten year thirty year bonds still under three percent two nine six percent. This is Bloomberg. Imagine the markets in focus every business day, P and L podcast with Pimm FOX and Lisa Abramowicz stock has not reacting happily. What's behind this engine of gains today analysis of the day's Wall Street action from Bloomberg intelligence, Bloomberg opinion, and influential news banker spill roads is the author of banker to the world wars McCarthy joins us right now with Pimm FOX and Lisa Abramowicz. Listen today on Bloomberg com. The Bloomberg business Atmore subscribe on apple podcasts. So we're kids play. Many provide the water we drink, but

China Bloomberg United States TOM Pimm Fox Mr Michael Barr Taiwan Fletcher School China Taiwan Admiral Stavridis Pacific Central Intelligence Agency Fletcher Congress Mexico Vivendi President Trump
China, Canada And Mang Juan Joe discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

Bloomberg Business of Sports with Scott Soshnick and Michael Barr

00:14 sec | 3 years ago

China, Canada And Mang Juan Joe discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr

"Tomorrow. China is a ratcheting up the pressure on Canada over the arrest of prominent Chinese businesswoman. Mang Juan Joe chief financial officer of wa wait technologies. China threatened to grave consequences against Canada. If she's not released immediately. China's says it says a violation of a Chinese citizens legitimate rights and interests on Friday, the US began its case against her in a van Couva courtroom alleging that man had hidden ties between wa and a company called sky com that did business in Iran candidate is presenting the case on behalf of the US which wants to extradite man who was arrested in Canada last week. This newscast was brought to you by sector spider. ETF's why buy a single stock when you can invest in the entire sector, visit sector S P D R S dot com or call one eight six six sector ETF global news twenty four hours a day on air hand at ticked up on Twitter, powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. This

China Canada Mang Juan Joe Chief Financial Officer United States Van Couva Susanna Palmer WA Bloomberg Twitter Iran P D R S Twenty Four Hours
CNN sues Trump

Bloomberg Surveillance

00:23 sec | 3 years ago

CNN sues Trump

"Response to the White House's suspension of Jim Acosta's plus pass. Others named include press secretary, Sarah Sanders and chief of staff John Kelly, global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg Michael, thanks so much. Let's start with oil pit mention'soil west Texas American oil, fifty eight sixty nine launched ten dollars above Brent crude global, sixty eight fifty eight down a

Jim Acosta Bloomberg Michael John Kelly Michael Barr Sarah Sanders White House Press Secretary Twitter Chief Of Staff Brent Texas Twenty Four Hours Ten Dollars
Amazon in advanced talks to put its coveted HQ2 in Virginia, just south of D.C., Washington Post reports

Bloomberg Business of Sports with Scott Soshnick and Michael Barr

00:26 sec | 3 years ago

Amazon in advanced talks to put its coveted HQ2 in Virginia, just south of D.C., Washington Post reports

"The Washington Post reports people close to the process as saying Amazon has advanced discussions about the possibility of opening it's highly sought after second headquarters in crystal city. That's in the southeastern corner of Arlington county. It's said to bring fifty thousand jobs with it. A spokesman for Amazon declined to comment as did Arlington county board chair, Katie crystal. Berkshire Hathaway's insurers dodged the worst of losses caused by hurricane Florence in the third quarter

Arlington County Amazon Katie Crystal Berkshire Hathaway Washington Post Hurricane Florence
US, Italy and Bloomberg discussed on Bloomberg Daybreak

Bloomberg Daybreak

00:14 sec | 3 years ago

US, Italy and Bloomberg discussed on Bloomberg Daybreak

"Salman, Mexican authorities are rushing to evacuate low lying areas as hurricane willa heads toward landfall along a stretch of the Pacific coast farther, south Mexican officials say there have been twelve deaths related to heavy rains from tropical storm descente in sports in the NFL the giants loss to the falcons and Monday night football twenty three twenty in the NBA the Knicks lost along with the Celtics. The warriors and wizards won. In the NHL the capitals lost in game one of the World Series. Is tonight. The Red Sox host the dodgers global news twenty four hours a day on Aaron at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, michael. Thank you five nineteen on Wall Street and live from the Bloomberg interactive brokers studios. This is Bloomberg daybreak and we're joined this morning by Lena Komeda. She's the chief economist at g plus economics. Good to have you on this morning as we continue to watch this global sell off another one this morning. Do you see any economic underpinnings to what's happening this morning? Good morning. Nathan great to be with you. Yes. I do h relate very strongly to the macroeconomic themes that we've been watching this year. And three major themes that. Demento Marcus have changed the sound of the talking about strong years grows and historically either financial conditions with enough to push equity valuations high in the US globally. This is not the case today, and he just a reflection of the sector fundamentals of markets. Trading change twenty eighteen markets and build the return of US rate, volatility, high use weights and a strong US dollar international regime environment, and that's sweet turning to pain trait to market bullets encouraging this kind of diverse can that was driving down equity in the US and Europe and Asia Loa second big geopolitical risk now, filming better. You just have to look at Italy. But also close developments in the US have elections. The US China Malaysia, a trade war. That's getting underway. Finally dynamics basis, basically raising the risk of tuned to a normal economic volatility. We now have the twin issues of rising risk of inflation, overshoot and. Countercyclical gross retrenchment, globally competing, and that is basically a recipe for but you. Ability and higher Marcus volatility going forward. All right, so three broad themes there. But they don't all stand alone. Do the I imagine that they all sort of tie in together. Particularly when you're talking about market volatility and geopolitical risk, I mean is geopolitical risk essentially causing the market volatility. We're seeing I think very much nice can and the key thing as that for the first time in a decade managing down volatility. Financial macroeconomic. He's no longer the main policy focusing coma. Cassette. Instead what we have a twin forces as the fed pushing it rates towards the economy's neutral, basically break even close. He's no longer stimulus is and that easing turn raising the market. Lowering brother Marcus pain, special raising the instituted to the direction of policy risk in the direction of policy risk again for the first time in a decade. No actually dictated by central banks volatility very much in the domain of Joe political risk. And here, I think the risk is the markets. Looking at two thousand eighteen is the peak of the cycle. The peak of that trade where the fickle magic Jews was supporting grace is going to now give way to the results of of what has been an unprecedented debt funded tax cuts late in the cycle. So as pointy nine hundred and gets underway in gross one is to lower levels earnings and no longer rising at the foster rate longest probably going to become more sensitive to the rising cost of debt. So then if if growth continues to slow down as you're arguing here does that affect the rate path that we're going to see from central banks. Could they start to assert themselves? More. I think this is a very critical question. And you're absolutely right. Who's been a key markets, stabilize it in recent years, the so-called policy put oh, the fact that affect would step in whatever there's some kind of. Macroeconomic financial volatility. That increases the risk of this play down. What's different this time around is that the the the bulk of market sort of debating has has happened by price with pricing. Both on the equities in bone side rather than expectations of a much tight aside in the face of weaker economic rice. I think the chances are unless you inflation slowed down next to you. And he's not exactly why that should happen, given they call me is running close to full capacity. Unemployment rate is so no, but the I will actually continue with three more right hikes after December, of course, rate hike this year, so twenty nine hundred and will actually see rates rising above sea percent at the end that we probably really a reinforced if you like the market sensitivity to exultant risks such as political noise or indeed the emerging markets slow down we have less than thirty seconds to go. Leinna. What's the impact? If Europe takes. Unprecedented step of rejecting Italy's budget just quickly. Well, I think that was real real full out. I think the the ultimate school syntax. He's a political noise. But what's really happening is that the market is looking at the standoff between Italy and their pink commission as the beginning of of a you fragmentation. In other words, everything nomination risk is back in that your own government on pricing for the first time since the eurozone crisis. This is the ECB is preparing to stop buying government. Both going to be at the end of this year. We haven't seen that movie enfold yet. I think there was always probably going to be a much higher volatility. All

United States Italy Bloomberg Demento Marcus Michael Barr Nathan Europe Bloomberg Interactive Brokers NHL Red Sox Wizards Twitter NFL Chief Economist Salman ECB NBA Pacific