35 Burst results for "Michael Barr"
AP News Radio
Fed official: SVB itself was main cause of bank's failure
"A Federal Reserve official says Silicon Valley bank itself was the main cause of the bank's failure. In written testimony to be delivered to the Senate banking committee, the nation's top financial regulators asserting that SVB all management was largely to blame for the bank's failure earlier this month, and fed vice chair for supervision, Michael Barr, says regulators will also review whether a 2018 law that weakened stricter bank rules also contributed to the collapse, Barr pointed to the bank's concentrated business model in which its customers were overwhelmingly venture capital and high-tech firms in Silicon Valley. He also contains that the bank failed to manage the risk of bond holdings which lost value as the fed raised interest rates collapse was the second largest bank failure in U.S. history. Norman hall, Washington
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"More than 2700 journalists analysts more than a 120 countries. I'm Michael Barr, this is Bloomberg temple. I'm so glad you put that in there, Michael Byron. We and I'm as guilty of this as anyone. We are so biased by big market. Exposure, and I'll be honest, I was really not familiar with his defensive excellence. I mean, he was good. At first when he made the announcement, I had to think back. It's like, okay, now, and then I remembered, oh, wait, he went all the gold glove awards and 8 of them. But two 81. Yeah. And what was his home runs? Three 16. That gets you into the hall? That gets you into the hall. Again, I'm gonna go with Tom. Major market bias hadn't heard that much about this guy during his career. I had to look them up. I mean, do you have to look up Hall of Famers? Well, you got 5 votes to spare. All right, good for him. Fascinating. I mean, the bias that we have every day. We fight it here at Bloomberg folks. We get love notes. Rich sends me a love daughter about every 14 days. Stop focusing on Boston and New York. And I was just in sports and other stuff as well, Michael. Especially baseball, which is so regional. We can name football play NFL football players from everywhere, you know, but baseball. 32nd rant, why is it so hard to watch the mets in the Yankees in New York? Like LA and number of years ago, the Dodgers in LA. It's nuts. It is. How about the 20 game package that for the Yankees that used to be on channel 11 picks? Yes. 11. Now is on Amazon or something? Yeah. And that is a challenge for some viewers. So it's streaming Tom. It's like they want to kill themselves. I totally don't get it. Well, that was great. I'm glad that we did some Midwest baseball. They're for you. This morning, down, negative two 14, a little bit of a lift to it right now. The Vic's 20 .05 yields lower, this is Bloomberg. Your business landscape. At Morgan Stanley, old school hard work meets bold new thinking. To help you see untapped possibilities and relentlessly work with you to make them real. To learn more, visit Morgan Stanley dot com slash yos, investing involves risk, Morgan Stanley Smith Barney LLC. Ape is ever changing. There could be a lot more selling to come. Ours is too. Just getting some headlines, I want to bring to our audience. We also have the unknown of how much can financial assets take. We have something else in common. No small caps continuing to feel the pressure. We seek out the latest business news wherever we are, but deep drop in Asian equities overnight. U.S. beaches also pointing to the downside. Bloomberg radio, the Bloomberg business app and Bloomberg video dot com. Bloomberg, the
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"All right, thanks Karen. 6 31 on Wall Street time to bring in Michael Barr with more of what else is going on in New York and around the world. John, thank you very much, sir officials in New York City state and military police were sent to key people from driving in snow choked buffalo, more than 30 people died in the region, buffalo mayor Byron Brown was asked about reports of looting. There was looting that took place in different parts of the city. I call the looters the lowest of the low, people that shouldn't even be able to look themselves in the mirror. They should be ashamed of themselves. Mayor Brown says crews are keeping an eye on a warmer weather later in the week that could bring a threat of flooding as the snow melts. More testimony from the January 6th panel is providing more details involving former New York mayor Rudy Giuliani. According to testimony for max New York police commissioner Bernard kerik, Giuliani spoke to former president Donald Trump as much as ten times a day about possible litigation. Kerry says the conversations took place between November 5th of 2020 and January 15th of 2021. GOP leaders on Capitol Hill are mostly muted after the latest statement from congressman elect George Santos, the Long Island Republican described what he called embellishing large portions of his background during his successful congressional run. Santos spoke on Fox News last night with Tulsi Gabbard. I made a mistake and I think humans are flawed and we all make mistakes Tulsi. I think we can all look at ourselves in the mirror and admit that once in our life we made a mistake. I'm having to admit this in national television for the whole country to see. The Republican chairman and his district said Santos may have broken the public's trust, but he'll do the public's will when it comes to tax relief and public safety. Scientists are transforming pig livers to look and act like human ones. It's part of a quest to ease the nation's organ shortage. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts more than a 120 countries. Michael Barr, this is Bloomberg jump. Michael, thank
AP News Radio
Senate approves Michael Barr to Federal Reserve post
"All 7 seats on the Federal Reserve board are now filled for the first time in roughly a decade I'm Ben Thomas with the latest By a bipartisan vote 66 to 28 the Senate easily approved Michael Barr to be the Federal Reserve's vice chair for supervision Its top banking regulator serving at treasury in the Obama administration Barr helped design the Dodd Frank financial regulations after the 2008 financial crisis During a Senate hearing he said he would promote clear rules to govern financial innovation and pledged to support the fed's efforts to reduce inflation He also said Congress and financial agencies should regulate stablecoins to protect consumers from sharp drops and value Stablecoins are a form of cryptocurrency often pegged to the dollar Ben Thomas Washington
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"120 countries. I'm Michael Barr, this is Bloomberg Tom Paul. Michael Barr thinks so much. Bloomberg business of sports with the shift I watched the other day in baseball. I still don't get it. But now we have relief pitchers starting games. Jeff passing over to ESPN today with a smart article on breaking the cadence of starting pitcher to middle relief to one guy that mops it up. What we grew up with is gone. There is no Sandy Koufax anymore. You don't have that. You don't have the pictures that we had back in the day. The Denny with tigers, man. You don't even look records anymore. You don't say like it used to be, if you're a great pitcher, you had 20 wins in a season. Yeah. Yeah. Nobody gets that anymore. Remember the Baltimore Orioles had three pitchers one year Jim Palmer and two others that were killed. From a Bloomberg business of sports standpoint, is this just there were so much money that the worry about their arm is completely taken over. Denny mcclain didn't care about his arm. He would just pitch until. I mean, we all fell off. You're too young to remember this, Michael barber, there's a guy named Christy Matheson out of bucknell, who tragically died early of TB, but a guy like Matheson pitched himself out of baseball. I get that's the bad case. A hundred whatever pitches a game. Pretty soon he couldn't throw the ball, but have we swung too far the other way? No, well, I think this is the way you're going to see the game go, because you're going to have it broken down in three segments like that. You got started, then you got the middle, then you got the reliever. You're going to see
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"The Bloomberg interactive broker studios This is global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts more than a 120 countries I'm Michael Barr This is Bloomberg Tom Paul Thanks so much Michael Barr upholstery you know in honor of you being in the land of the Dallas Cowboys we talked to Michael Barr and Bloomberg business of sports about dak Prescott It's almost a Tom Brady and that he was fourth round Mississippi state essentially nobody knew who this guy was right That's correct And he's done better than good Oh yeah How many times have we seen that where a guy forth even undrafted comes on in and is like makes the name for himself all over the place Pulse next remote is it Meadowlands And the New York Giants How come the Giants can't find deaf person You know I'm not wait a minute now We had Eli whether it's a week because New York area Eli was there So if he got two super bowls so you can't say that Okay Pulse reading tell us about this event that you're at with the Bank of New York Mellon I mean it's been the tumult in the market Dow up 340 points right now But Paul I mean the last couple of weeks is everybody great at this conference Everybody there's a lot of people here which is good to see everybody's mingling BNY Mellon and their 2000 members you know like mutual fund companies and looking at Eaton Vance and looking at booth by lord Abbott and Janice Henderson all the big fund management structures are here and they're just kind of I think swapping ideas like what do you do now kind of thing So it's good to see people back together and the.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"Quicktake powered by more than 2700 journalists and analysts more than a 120 countries I'm Michael Barr This is Bloomberg tomball James Harden had even taken off his Jersey in the 76ers collapse and we're already gossiping in NBA land about the wonderful Doc Rivers of marquette I guess being fired Does it happen that quickly in the NBA Yeah Playoffs boom you're gone It can happen But you saw the clues coming that the 76ers were going down And just like you said I mean what happened to the process Yeah Yeah Remember that the process Yeah they got processed though right Well first of all congratulations to the heat They're going to face the winner of the bucks or Celtics And that's this weekend We're going to see buck Celtics Yeah You guys see that this weekend So there's a deciding game 7 out of that That's pretty good I mean give it up for Jimmy Butler You put in what 32 points So like the Dodgers with more money than God out in LA are the Lakers the same way where they can wave their arm at Doc Rivers in Ohio We got LeBron Terrible Well I mean they have the money They have the money If they want to get Doc Rivers but see I'm not so sure the 76ers are going to give up Doc Rivers I still think there's another year there at least He got them to the playoffs but you saw the pieces were going to fall apart And the NBA Bloomberg business of sports the answer is the NBA is Gaga over the ratings right Oh yeah Oh yeah I mean it's been consistent and it's been solid And it's above 2019 I mean there's a real Oh yeah Gross And Michael I'm gonna propose that broomer surveillance We have a remote from London in the fall because the Giants are playing the packers in London this coming fall So I think I need to do a review You've got more pool than I know I'm gonna see what I can do there No but if misses park comes along in the handles I'm betting That crazy in London So misses Barr we would pay for misses parr to come on that If there were the Orioles and baseball thing Look at John farrow We'll get him in there one stadium to see the Giants in the packers We'll explain the whole game thing to him So anyway Michael Barr thank you so much We appreciate that looking at the markets here A lift and we continue to move higher here We get the S&P up about a 1.35%.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"First moment where they quote unquote walk it back How far up do we explode I think we get north of 4500 in a fairly fashion earnings I still think are still strong And I think by the end of the year you'll see much higher prices than what we are right now My super duper quick Friday math is it's up 12% off the walk back of the fed We will see This was recorded Larry Adam We're gonna be tracking when we hit 4500 you'll be on Raymond James chief investment officer With some optimism there as well With our news in New York City here's Michael Barr Tom Paul thank you very much Ukraine's foreign minister dimitro kuleba met with G 7 leaders today urging them to provide more financial and military support for Ukraine after Russia invaded the country He also wants them to seize Russian assets and give the money to Ukraine to help it rebuild Russia must pay politically economically but also financially Foreign minister kalaba also said his country is willing to talk to Moscow about unblocking grain supplies but as received positive feedback from the Russians Republican senator Rand Paul is holding up a vote on a $40 billion U.S. aid package for Ukraine that has bipartisan backing He has refusing to give consent unless language he demanded was added to the measure We can not save Ukraine by dooming the U.S. economy Meanwhile senator Paul says there should be a watch dog keeping an eye on how the money is used in Ukraine Senate minority leader Mitch McConnell says the Senate should vote on the Poland amendment and the original aid bill It's not asking us to fight this war There are only asking for the resources they need to defend themselves against this deranged invasion And they need this help right now Senate minority tweeted Mitch McConnell President Biden spoke with retailers and manufacturers of baby formulas to have them do more to help families purchase infant formula during a nationwide shortage White House press secretary Jen Psaki says the administration is ramping up its efforts to alleviate the shortage Obviously the steps the president took today are an acknowledgment and a recognition that more needs to be done that we do not want parents mothers families out there to be stressed and worried about feeding their babies On a side note today is Jen Psaki's last day as White House spokesperson.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"On Bloomberg quicktake Powered by more than 2700 journalists and analysts to more than a 120 countries I'm Michael Barr This is Bloomberg Nathan All right Michael thanks It is 6 19 on Wall Street live from the Bloomberg interactive broker studios This is a Bloomberg daybreak and if you happen to have just joined us Twitter shares our syncing this morning Thanks to a tweet from its potential buyer Elon Musk moments ago he tweeted that the buyout is temporarily on hold as he awaits data on Twitter's proportion of fake accounts let's get more now on this breaking news Alex Webb is with us this morning Bloomberg quick take correspondent and tech columnist for Bloomberg opinion Alex good morning What is Elon Musk up to We don't even know that he's serious So the tweet reads Twitter deal temporarily on hold pending details supporting calculation that spam slash fake accounts do indeed represent less than 5% of users And it links to a story with that data Now you could read that as Elon being sarcastic right Sure The tour de live is off because of this news story that just came out I would be tempted to interpret it that way Now of course the thing that is surely undoubted about this is that the SEC will be looking at it If the deal is often announced the deal is off on Twitter well you probably should be filing that If the deal isn't off and he's making a comment like this flippantly on Twitter then they should be looking at it It's sort of unfortunately not a surprise that this is a sort of tweets that we're seeing Well let's just get a little bit of background here on the issue with spam bot accounts What is Elon Musk's issue here How does this play into the Musk bid for Twitter Well if it's serious that the data is all for on hold because of this audit Elon has said one of the things he's going to do is eliminate spam bots So reduce spam box at the very least And you do see on any number of posts particularly crypto bots jumping on to trending topics and trying to pump up particular coins or influences If there aren't as many spambots as he had thought then of course if he thinks that is a business upside the opportunity to get rid of these spam bots if there aren't as many as he thought then maybe the upside isn't as great You could also look at it differently Maybe there are only 5% of the accounts of spam bots but if they are generating 20% of the content I don't know if that's true but I'm stuck in that number out the air Then it's still something worth looking at So it's a sort of vastly convex thing and there are often quite hard to identify So if there is a possibility here that Elon Musk is putting this out flippantly that this is just another Twitter joke I mean what does that say about his entire bid for Twitter I mean there's still a lot of speculation isn't there about whether he's even serious about doing this deal even with all the financing he's put together for this Absolutely And that is that spread that uncertainty is reflected in the spread between the offer price and the stock price as it closed yesterday even before this 18% pre market drop that we're seeing today The shares are trading the shares closed yesterday at $45 The offer price is $54 20 That is a considerable difference I think the small money has been seen in going that at any stage Elon might wake up and say I don't want to do this deal And so that has been priced into the share price as it stands Yes as we watch the Twitter shares just in the pre market test of 30 handle you mentioned the SEC here Elon Musk putting this out on Twitter It does raise the possibility of the SEC cracking down even further on Elon Musk What are you going to be looking for there Alex It's hard to know what they can do They've already done some things that Tesla where they've said well you have to have some investing your tweets as it pertains to Tesla but of course these tweets don't pertain to Tesla not directly at the very least They've placed a different chairman in for two years Those two years are running out pretty soon So we don't know that Elon's going to take the chairmanship again There's a suspicion that one of the reasons that Elon was trying to buy Twitter is because he didn't want to be in his view censored on the platform Doesn't want others censored either and how a private company sensors is a different question But that's one of the issues at stake here And so if it ends up ironically with him having to rein in his tweets even further it would just be a very strange eventuality Yeah in our last 30 seconds here I guess what I'm wondering Alex is what could this mean for some of the major backers that Elon Musk has put together to do this deal like Larry Ellison like Morgan Stanley I think if you're Larry Ellison maybe it doesn't change your calculation But if you're a Morgan Stanley or indeed Apollo or any of the other sort of financial backers sort of putting your reputation and your capital at stake by getting behind this bid when it's not entirely clear what the financial upside is going to be it does I think if you pause for thought and I'm sure there are going to be some frenzied meetings and Zoom calls in the course of today among some of those backers All right Alex Webb as always thank you so much for coming on and giving us more on this breaking news with Elon Musk saying the Twitter deal is temporarily on hold while he looks into calculations that spam bots account for less than 5% of users on Twitter and we are watching Twitter shares slide in the pre market now down about 18 cents trading around $37 18% lower now in the pre market Much more to come on Bloomberg daybreak of course we will continue following this story for you throughout the morning as we watch futures rise We have S&P futures up 40 points down futures up 223 NASDAQ futures are higher by a 192 points This is Bloomberg This is a progressive snapshot can save you money based on how you drive and how much you drive So the safer you drive the more money you could save Now if you didn't hear that because you.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"First Michael Barr is here with more on what's going on in New York and around the world Michael Thank you very much Nathan new anti crime efforts begin today in New York City Mayor Eric Adams says in the 40 most violent precincts authorities will move neighborhood coordinating officers into evening patrols other plans include sending field intelligence officers to the street overall crime is up 30% last month compared to April of last year They are Adams also says they will crack down on fair cheaters in the subways Nearly two dozen senators today implored president Joe Biden to swiftly advance a trade probe that they said was already causing massive disruption in the U.S. solar industry The senators said the investigation involves whether Chinese companies are circumventing decades old tariffs by assembling solar cells and modules in Southeast Asia A hearing is set for today to determine if the remaining three survivors of the Tulsa race massacre will be able to take their case to trial All three remaining survivors are over 100 years old and their lawyers argue that the city should be held accountable for the public nuisance created by the 1921 massacre However city council member Vanessa hall Harper says the city of Tulsa's lawyers are using the courts to get around the community led plan to compensate them To use beyond apology to discredit this case is nothing but one of the tricks played by white supremacy And I'm not falling for it The so called beyond apology project was passed to examine how to repair damage caused by the massacre The juds were inducted in the country music Hall of Fame last night just a day after singer Naomi Judd died her daughter winona who was the other half of the singing duo spoke in accepting the award alongside her sister Ashley I'm gonna make this fast because my heart's broken And I feel so blessed and it's a very strange dynamic To be this broken in this blessed Winona and the family said Naomi Judd died at the age of 76 due to the disease of mental illness Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts and more than a 120 countries I'm Michael Barr and this is Bloomberg Nathan.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"How Michael Barr I'm scarlet fu And I'm Mike lynch And Scarlett you were talking about earlier during the break about some of the other topics that the professor had mentioned just a second ago Yeah professor you had talked about how name image and likeness certainly changes the landscape for student athletes but they're also these huge implications for the whole economy and ecosystem of college sports overall All the alumni donations that come into sports programs the stratospheric salaries of coaches walk us through some of the unintended consequences on donations and coaches salary is that you anticipate That was a great way to say it The unintended consequences because we think that we're just creating revenues that are going into the student athlete but it does change the structure of athletics within the college atmosphere And as an economist I say okay there are donors who donate a lot of money to these athletic departments And the donor often donates because they support and want to see that athletic department grow succeed or continue to succeed So if I have $50,000 that I'm getting ready to donate But I do own a car dealership down the road The question is is my money better spent by donating $50,000 to the athletic department Or is my money better spent if I do an NIL deal with one or a few players and spend that $50,000 on those players So I think the donors are sitting back I don't think donations have started to drop drastically but donation data is really difficult to find but The Economist did me just sits back and goes look there's clearly an incentive for some donors to hold back a few bucks and sign them on NIL deals And it almost turns into the point depending on how big of a donation you're giving that you can become a recruiting mechanism It's no longer just Alabama athletics recruiting It ends up being the donor base going hey if you come here I've got a $2 million contract and waving that in the air Then the second side of that you talked about coaches salaries The college athletic system is kind of weird on this Coaches leave the NFL They go back to college athletics and functionally get a raise Jim Harbaugh And there is no system in the world where you leave the major leagues to go to the minor leagues right We think of college and I am a huge college athletics fan But college athletics for a lot of these players are getting them ready for the pros right The pros is where the big money is the pros is where the big talent is And for coaches to leave the NFL and go into the minor league system and make those kind of money means that there was something structurally wrong with the minor league system to begin with So Kurt you're seton hall basketball is the biggest revenue sport at seton hall You were a swimmer in college To your knowledge have any seton hall athletes at the less high profile less revenue producing sports like swimming like lacrosse like track and field been able to cash in on name image and likeness My understanding and I have not asked that question partially intentionally because I don't want it to seem like I'm overbearing on my thoughts of NIL with our athletic department And for full disclosure I'm also a volunteer assistant swim coach here at seaton hall So I do assist the swim team But I try not to meld too much of my research and economic interests into the coaching side I go and I coach I come and I teach and I think about this stuff My understanding is that there are some small deals happening across the sports I have not seen any massive deals in some of these what we would call Olympic sports But my understanding is there are small deals going on throughout sprinkled throughout them Professor let me just follow up on your point earlier about how there's something broken structurally within the minor league of college athletics that coaches get paid so much more once they coach in college football for instance rather than in the major leagues in the NFL Does name image and likeness make this an even more broken system or does it help fix it So I think it's going to appear as if it's more broken on the surface and at the beginning And the reason for that is we still have large coaches salaries that we have to pay yet some of the money is now being pushed towards the student athletes that could have been pushed towards those coaches salaries in the past Typically when we think about major leagues right we look at these leagues who have collective bargaining agreements a certain percentage of revenues go to the athletes a certain percentage of revenues go to the owners And when you have these splits in revenues that's how you determine how much you can pay these coaches And for historical perspective the split has been 0% student athlete and all the revenues can go to buildings and coaches We've taken that 0% away Now there's money going towards the student athletes through NIL And because you can go to the student athletes through the NIL deal that changes the financial structure yet we're locked into some big long-term contracts for quite a few of these coaches But in an equilibrium sets some sort of revenue sharing agreement would make a lot of sense which would bring down coaches salaries They would stop have to having to build and put so much money into the into the buildings into the stadiums and the locker rooms I've been in quite a few of these locker rooms They are fantastic That was a recruiting tool and now instead of indirectly handing them benefits Now we can actually just hand you cash And that new equilibrium is going to take some time But when that new equilibrium is met and I think that we would expect less revenues going towards those indirect payments to students And more revenue is going towards those direct payments We are talking with Kurt Rudolph Professor of economics and finance at seton hall university right here on the Bloomberg business of sports You can follow me on Twitter at big bar sports And you can follow me at scarlet fu on Twitter And I'm Mike lynch you can follow me at lynch EWC BB And of course you can download this show right here on where you get your favorite podcast download show and enjoy of course listen to us right now on the.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"With more on what's going on around the world Michael They're in the suspect arrested in the Brooklyn subway shooting left ten people wounded by gunfire also he left behind a trove of angry YouTube videos police were studying them for possible motive Frank James vended about racism in America his struggles with mental illness New York City's new mayor and 9 11 among other things In MLB the Yankees and Orioles lost mets nationals Red Sox a's and giants all won in the NHL the rangers won Global news 24 hours a day on air and on Bloomberg quicktake Powered by more than 2700 journalists and analysts in more than a 120 countries on Michael Barr this is Bloomberg naked Michael thank you It is 6 19 on Wall Street live from the Bloomberg interactive broker studios This is Bloomberg daybreak with breaking news in the M and a space Elon Musk is offering to buy Twitter for $54 and 20 cents a share He didn't announce it on the social media platform he announced it through an SEC filing Let's get some initial reaction now gene Munster joins us live the cofounder of loop ventures Just a couple headlines crossing on this announcement gene Elon Musk the Tesla and SpaceX CEO says he does not have confidence in Twitter's management He says Twitter has extraordinary potential I will unlock it Your reaction Welcome to the world of Elon Musk once again here unpredictable by design and I think his approach is to think big He's doing that here My reaction is that the premium that he's offering is somewhat modest 13% premium This is essentially where the stock spike to recently And so I think this is not a slam dunk that it gets done at this price and probably safe to say that this is not his final price either I suspect he's not going to lead with his final price Again just a modest premium to where the stock was yesterday versus and essentially where it was at the peak when it spiked this week So look for this to kind of take on some more contours where he may have to raise his bid And I think the other piece too is surprising to me that the piece that he's putting a pusher bigger push is not surprising One thing that is surprising is that this is a time thing He's really wants to take all of this on here and I had previously predicted that he wanted to have a bigger role he wanted to have an influence even after he stepped off of the board I thought that he just still wanted to have an influence but this is a much different contour to it and that part is a surprise because there's a capacity question there of course once you layer in Tesla and SpaceX Yeah we're watching the reaction in the Twitter shares in the pre market They had spiked as much as 18% on the news right now in early trading They're up 12% Of course Musk on his Twitter feed has thrown a lot of spaghetti on the wall in terms of changes that may be real or imagined that he might like to see from adding an edit button for tweets to at one point he floated the idea of turning Twitter's existing headquarters in Silicon Valley into a homeless shelter What kind of changes do you think concretely and Elon Musk majority stakeholder Twitter would look like I think there are two essential pieces to it first is that I think he's going to make it So it's harder for Twitter to manage the content on the platform This is something that is very important to him This is why we are here in the first place It is his view that Twitter has been punitive to some people and in terms of kind of monitoring what they're saying and so I think that that's the first and most obvious change that would happen That would definitely happen I think there's a second question about monetization and the growth rate in Twitter has been relatively modest over the past few years It really hasn't grown at the same pace of other social platforms obviously like TikTok or SnapChat And I think that there is a question we talked about unlocking the value that there could be a monetization question There's an obvious one where this is historically not been done in social but just given eon Musk's first principles approach to everything he does And first principles means just because it hasn't been done before doesn't mean you shouldn't try something in the future And there's a first principles approach that he could take with just essentially just charging people to be on Twitter Would you pay a month to be a dollar per month for example to be on Twitter my guess is a lot of people would And really kind of stress test the monetization side of it And so that's probably where the biggest value could be created If it is in fact the town square that he describes it as and he's able to actually monetize users for it I could see it happening About 30 seconds left here gene obviously Elon Musk can afford to buy out Twitter Do you think he could see some competition from other potential hostile takeover candidates I think the less likely that that happens because it's been depressed before I don't think there is people circling I think you're going to see other M and a activity more broadly with this pullback with a lot of these a lot of tech stocks are down 30 40 50 60% Twitter's down a lot but I don't think it falls in that same category of where it's easy pickings for A bidding more Thanks for this gene great to have you on with us as we just got this news breaking minutes ago Elon Musk making what he calls his best and final offer to buy Twitter saying it has extraordinary potential and he will unlock.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"Does it want the sanctions to affect China He spoke in a phone call with his Spanish counterpart to discuss the war in Ukraine There are concerns among investors that Chinese governance will face U.S. sanctions after American officials said Russia requested military and financial assistance from Beijing In the NBA they have fined the nets $50,000 for letting Kyrie Irving into their locker room during a game in which he was unable to play it because he is not vaccinated against COVID-19 The warriors beat the wizards one 26 one 12 Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries on Michael Barr this is Bloomberg jump Michael thank you 5 49 on Wall Street We are live in the Bloomberg interactive broker studios This is Bloomberg daybreak Time to get you to set up for the trading day ahead with our next guest Joe quinlan is head of chief investment office market strategy at Merrill Lynch Bank of America private bank Joe thanks for getting up early to be with us this morning The possibility of China being embroiled in Russia's war on Ukraine how does this change the investment landscape and maybe your thesis this morning Well John it depends on the sanctions possibly or whatever pressure the U.S. and Europe are going to put on China to stay out of the conflict So that's got investors Overlaying that is China omicron the variant whipping through China as we speak So there's a lot China now is clearly in focus for investors It's triangulated U.S. Russia and China And it just adds more uncertainty in the volatility So we're set up for still the hard assets whether it's commodities energy real estate we still like that space And then of course we've got the fed raising rates today Is a quick question on China before I move on Is it investable or uninvestable at this point It depends on your risk level I mean let's face it China is closing becoming inward but there's some companies there that could be investable long-term But right now we are underweight or neutral at best on the emerging markets China included So we're not putting any new capital into the emerging markets right now One of the curious things in all of this in the stock rally that we've seen since the end of 2018 the dips seem to have been met each time with a volley of strong buying So we're the dip buyers right now They're still hibernating Albeit almost spring They're looking at inflation running hotter than expected the fed being behind the curve In China and then of course the conflict in the heart of Europe So they're on the sidelines until we get some more clarity Some investors just not brave enough to buy this dip And I think that's going to be the sentiment here near term Well the valuations they've gotten cheaper but are they cheap cheap enough to buy Not just yet May perhaps in the U.S. I would say in the United States where you look across the screen on a Bloomberg there are some markets in bear territory some really beaten up parts of the world where it's Hong Kong parts of Europe but really it's at fog of war that's keeping a lot of these dip buyers on the sidelines Even with these valuations We need a trigger We need some type of ceasefire We need some kind of clarity to trigger to step in and buy these equities Okay fed you mentioned the fed is are the fed policymakers going to exacerbate the rush for the exits for risk assets Were there two day meeting that starts today I don't think so I mean hopefully there's nothing that the markets don't already know that Jay Powell is going to do We're looking for 25 basis points hike and really for the rest of the year every fed meeting about 25 basis point increase So I think the fed is kind of like on course and in sync with the markets I'm not the biggest issue will be from the fed the communication There are outlook It's anything changed in terms of change in terms of their expectations for inflation So I think nothing really dramatic comes out of the meeting But the bigger issue is 50 basis points The next time intermediate hikes will see But no I think it's baked into the cake with the fed's going to do What's the data going to tell us this week among other things we're going to get retail sales PPI as well what's your position on that Well we see the consumer clearly becoming more cautious when there's University of Michigan sentiment just some of the data points that we're looking at So I wouldn't be surprised if some of the incoming data Retail wise is weakening because of the downward move to sentiment TPI no doubt more pressure coming Vis-à-vis the commodity complex rising wages So sentiment is going to be down prices up and that's kind of like kind of that struggle that we're still going to be in markets have to navigate Is there evidence of demand destruction with prices where they are right now I don't think so John not yet but it's getting there in terms of the first thing you do before you stop spending gasoline and complain about it So everyone's complaining about it But we're not there just yet but maybe when in the airlines start racing prices we're going to get in cars instead of playing So we're getting close but we're not there just yet Thank you sir Joe quinlan had a chief investment office market strategy at Merrill Lynch and Bank of America private bank with this morning Karen Right John thank you it is 5 53 on Wall Street time.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"See Exactly Our two very different stories at the moment We're just going to follow him and aggregated for you with our team at Bloomberg news Futures this morning up at 1.3 on a S&P from New York head on radio I've seen on TV This is Bloomberg Now the latest news from New York City and around the world here's Michael Barr Tom Lisa John let's expand more on what you just said Russian president Vladimir Putin signed it positive movement in talks with Ukraine hours after saying he would bring in fighters from the Middle East about 2.5 million Ukrainians have fled the country as refugees The mayor of Kyiv said that almost half the capital citizens have left since Russia began attacking the city Russia also widened its military offensive in Ukraine striking near airports in the west of the country Meanwhile the U.S. and its allies prepared to revoke Russia's favored trading status in a new punishment for the invasion CIA director William Byrne said yesterday that president Putin has no sustainable endgame for his invasion of Ukraine Former deputy assistant Secretary of Defense Mick mulroy says that Putin won't back down and lose face The key for the diplomat to this is to try to find a way to give him a face saving Nothing with face saving way to help stop It's not about his ego We shouldn't care anything about his ego It's about getting him to stop this essential assault On civilian population Assistant Secretary of Defense Mick mulroy It was exactly two years ago today that the World Health Organization declared a global pandemic as COVID-19 spread across the world since then the virus has claimed more than 6 million lives nearly 1 million in the U.S. alone But as access to vaccines tests and treatments have helped reduce cases and deaths to a point that masked mandates are being ditched across the country many are asking if the pandemic is over CDC director Rochelle Walensky said COVID is an in the endemic stage yet It means we're really in a steady state that things are neither increasing nor decreasing So I think it's a too early to say that we're in a steady state but also to acknowledge that I think we should not not be comfortable with a steady state where we're still having about 1100 deaths a day CDC director walensky spoke to ABC China has ordered a lockdown of the 9 million residents of the northeastern city of Chiang Jan have been a new spike in COVID-19 cases Live from the Bloomberg interactive broker studios this is global.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"The world here's Michael Barr Tom Lisa John Russian president Vladimir Putin cited positive movement and talks with Ukraine hours after saying he would bring in fighters from the Middle East It comes as Russia is not letting up on the city of mariupol after the bombing of the maternity and children's hospital Bloomberg's head Baxter reports Civilians trapped inside the frigid city are scrounging for food and fuel under constant bombardment Many don't even have heat Michael 9 high's president and CEO of UNICEF says the toll on children is immeasurable We've been in Ukraine for 25 years We have a step in 8 different locations there There were working directly with children children that are in bunkers children that are fleeing Ukraine says more than 1300 people have died in the ten day surge in the city In San Francisco I met Baxter Bloomberg radio President Biden rallied support for the Democratic Party at Thursday night's DNC winter meeting President Biden spoke about democracy abroad saying Ukraine's resilience has sent a message to the Kremlin Putin was counting on a divided NATO a divided west and quite frankly a divided American But he got none of that In fact he's now facing the more united energized resolute NATO in the west than he ever ever imagined Meanwhile a new poll shows President Biden and Democrats have lost ground on key issues including the economy according to a Wall Street Journal poll 57% of voters remained unhappy with Biden's job performance The global death toll from COVID-19 could be 18.2 million three times higher than official records suggest According to a study it points to a lack of testing and an unreliable data to explain the discrepancy with official figures There will be a Major League Baseball season Players have voted to accept management's latest offer for a new labor deal paving the way to end a 99 day lockout in salvage a 162 game regular season owners were unanimous in their approval of the package Live from the Bloomberg interactive broker studios this is global news 24 hours a day on air and on Bloomberg quick tank powered by more than 2700 journalists and analysts to more than a 120 countries Michael Barr and this is Bloomberg You could save.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"New York City or Michael Barr Tom Lisa thank you very much President Biden is set to announce a ban on U.S. imports of Russian oil this morning According to people familiar with the matter it will be done without the participation of its European allies the ban is expected to include Russian oil liquid fine natural gas and coal Bloomberg will carry President Biden's address live starting at ten 45 a.m. Wall Street time A temporary ceasefire appears to be holding and certain cities in Ukraine to allow for citizens to get out and away from danger Many Ukrainians are trying to escape hard hit areas in the south and east and going to other parts of the country This woman says she fled Mario poles for port city that is getting hammered by Russian shelling You can not blend nothing You it's like you have no plans to have no home No word No projects I'm alive I'm safe And this is enough for now U.S. officials say even though a no fly zone isn't an option they are sending supplies along with other NATO allies and they are looking at the possibility of sending jets to Poland Pentagon press secretary John Kirby says that he hopes the Russians and president Vladimir Putin negotiate an end to the war You don't want to escalate this conflict any bigger in any worse than it already is You're talking about Russia a nuclear armed power the consequences for escalating this conflict can be devastating not just for the people of Ukraine but for the European continent Kirby told ABC that a steady stream of aid has been delivered overnight to Ukraine and Moors on the way A jury in Washington today begins the first capitol riot case to go to trial prosecutors call guy refit the tip of the spear his own lawyers argue that the 49 year old Texan is guilty of only one lesser crime trespassing on restricted capital grounds If the government is successful it could spend up to 20 years in prison Live from the Bloomberg interactive broker studios This is global news 24 hours a day on air and on Bloomberg quicktake Powered by more than 2700 journalists and analysts more than a 120 countries at Michael Barr this is Bloomberg Tom Lee Smack a bar Thanks so much Moments ago Lisa Bradley was the Speaker of the House as the caucus house whether she told her democratic caucus that they're moving ahead on the Russia oil band vote that from speaker Pelosi Yeah and this comes as we await a word from President Biden He's estimated to speak in about an hour time on the expected ban on Russian oil Some of the details that we're looking for from that include is it just crude Is it all a petroleum related products We know that 3% of all imports to the United States of crude is Russia but 8% of all products are from Russia In terms of speculation and we don't do that here but I think that in a war there's a little bit of that going on I guess he cuts it both ways He either makes a very short Curt statement Or he talks about his politics Of addressing the nation and hydrocarbon production and also addressing a lot of people saying in the long term we have to pull back from that There's a set of constituencies here Is this the moment ten 45 a.m. where he dresses that one hour from now or not I'm not sure Honestly those constituencies don't pair well together Can we come on more often All right all right I would have never said that They're in contradiction with one another So how does he dovetail this with some grace How does he just keep it short and say look we have to have a moral authority here We already see oil companies making the move We can't stand still any longer The atrocities are out of control to watch And so we're responding and just leave it at that Well we'll have to see Green on the screen we're doing better in the tape right now after a very difficult day Yesterday again that vix elevated 35.81 on the vix dollop 96 points SPX up 12 Please stay with us This is Bloomberg This you coming to bed huh Yep honey I'll be right there I just gotta turn out the light Go.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"Of sports reporter Michael Barr The university of Connecticut has settled a federal gender equity lawsuit and agreement has been reached to keep its women's rowing program for at least the next 5 years The lawsuit was filed by 12 rowers after the school announced in June of 2020 at the sport would be among several eliminated and budget cuts the federal judge issued a temporary restraining order that prevented the school from dissolving the team the judge ruled roars were likely to prevail in their lawsuit which alleged that eliminating the team would violate title 9 the federal law that guarantees equal access to women in education including athletics In addition to keeping rowing through at least the spring of 2026 the school agreed to a number of improvements for the program including renovating the team's boathouse and increasing the number of scholarships in the program from 14 to 20 The school also agreed to hire three full-time assistant coaches And that's a Bloomberg business of sports report on Michael Barr President of the Jewish communal fund zoya rains and her husband Robert Friedman Jewish activists and philanthropists Talk about why they chose the Jewish communal fund for their charitable giving As very busy working parents we wanted to focus more on the charity part of it and wanted to focus more on our children and less on the administration The twos communal fund is one of the oldest and largest donor advised funds but at the same time they are totally up to date and have state of the art systems for us to access and manage our contributions online The assets in our funds at the JCF grow tax free So we can generate more charitable dollars to support the charities that we care about most Let JCF minimize your taxes and maximize your.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"By my side to get me home to my family and friends I want to go home and just see my kids Losinski denied murdering her son for decades but was sentenced to a 30 year prison sentence in 2016 The judge presiding over Ghislaine Maxwell's sex trafficking trial warned that the astronomical spike and to go over the cases driven by the omicron variant could lead to a mistrial The judge told lawyers that she was considering having jurors deliberate through the holiday weekend if they failed to reach a verdict by New Year's Eve Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries I'm Michael Barr This is Bloomberg Nathan Thanks Michael Gone up to 6 ten on Wall Street time for the Bloomberg sports update here Scott Steinberg Thanks Nathan the next took advantage of a short handed Timberwolves team last night winning 96 88 Mitch Robinson had 14 points in a season high 18 rebounds Julius Randle had 13 points and 15 boards Minnesota was playing without starters Carl Anthony towns Deangelo Russell and Anthony Edwards He was coach thibodeau after the game They were very aggressive with the defense here we are and I thought kimber got the ball out of the trap real fast and we were able to get a good rhythm And then you know we didn't close to half the way we would have liked But then we found the way that we had the number of restaurants.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"Michael Barr, Tom Lisa John With 14 states and counting passing new voting law. Senate Democrats have tried to pass a voting rights overhaul that President Biden says it's critical to his agenda. Republicans are expected to block a vote today to even debate the legislation. Minority leader Mitch McConnell spoke on the Senate floor. We've watched our colleagues Actually update the rationale for their latest partisan power grab. States must be stopped from exercising control over their own election laws. Senate Majority Leader Chuck Schumer countered McConnell's comments Donald Trump with his despicable lies. Has lit a fire beneath Republican state legislatures. And they have launched the most sweeping voter suppression efforts and at least in at least 80 years, Senator Schumer says there is an urgency to pass the measure because of what's been happening in Republican legislature after legislature. Authorities say a pickup truck driver ram to people in California, Sacramento County, killing one and injured three others in a rampage that included attacking people with a crowbar and pulling a gun. The driver was shot and wounded by another gun wielding man, but is expected to survive. The sheriff's office says. The man drove his truck on the sidewalks and curbs and Carmichael Covid 19 transmission is accelerating and several poorly vaccinated states primarily in the south, plus Missouri in Utah, and more young people are turning up in hospitals. According to the Department of Public Health in Missouri, Arkansas and Utah. The seven day average of hospital admissions with confirmed Covid 19 has increased more than 30% in the past two weeks live from the Bloomberg Interactive Brokers Studios. This is global news 24 hours a day on air and.
Kinda Funny Games Daily
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
Bloomberg Surveillance
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.
Audio Upload 1
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.
Ron St. Pierre
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.
Another new station
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.
MarketFoolery
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
Bloomberg Business of Sports with Scott Soshnick and Michael Barr
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
Bloomberg Business of Sports with Scott Soshnick and Michael Barr
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
Bloomberg Business of Sports with Scott Soshnick and Michael Barr
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
Bloomberg Daybreak
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 Daybreak
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 Business of Sports with Scott Soshnick and Michael Barr
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
Bloomberg Surveillance
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
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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
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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
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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