40 Burst results for "Michael Barr"
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-14-2023 05:00
"Investment Advisors switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at IBKR dot com slash RIA. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Tuesday, November 14th. And Israel ramps up its ground war against Hamas. That's as Israel supporters come out in force with a march in Washington. A critical 24 hours as Congress tries to avert a government shutdown. And Joe Biden and Xi Jinping are set to announce a deal to crack down on fentanyl. Donald Trump Jr.'s testimony on the witness stand and his family civil fraud case. Plus, the Supreme Court put in place its first formal code of ethics. I'm Michael Barr. More ahead. I'm John Stash, Aaron Swartz. The Knicks lost in Boston, the Islanders lost in Edmonton Monday Night Football. The Broncos upset the bill. That's all straight ahead on Bloomberg Daybreak on Bloomberg 1130 New York, Bloomberg 99 1 Washington, D .C., Bloomberg 106 1 Boston, Bloomberg 960 San Francisco, Sirius XM 121 and around the world on Bloomberg Radio dot com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager and I'm Karen Moscow and U .S. stock index futures are higher this morning. S &P futures up two tenths of a percent, about nine points. Dow futures up a tenth of a percent or 40 points. NASDAQ futures up three tenths of a percent or 44 points. Ten year Treasury yield four point six one percent. Nathan, Karen, let's get you caught up on what's happening in the Middle East. The focus is turning to hospitals in Gaza, where Israel accuses Hamas of housing command centers and weapons. President Biden says the Al -Shifa hospital.
Bloomberg Markets
Fresh update on "michael barr" discussed on Bloomberg Markets
"Other wildfire prevention tips. Right. Thanks, honey bear. Because remember, only you can prevent wildfires brought to you by the USDA Forest Service, your stake forester in the ad council, the Bloomberg Business of Sports podcast, where the money is flowing inside around sports the globe. Balance of power in F1 might be shifting. We take a look at mixed martial arts. Who is the next US emerging rugby star? Michael Barr, Scarlett Fu and Damien Sessauer take you inside the decisions that power this multi -billion dollar industry. We talk tech and golf, Bloomberg Business of Sports. Subscribe today on Apple, Spotify, and everywhere you get your podcasts. Bloomberg Radio, context changes everything. Markets headlines and breaking news 24 hours a day at bloomberg .com on Bloomberg television and the Bloomberg Business app. This is a Bloomberg Flash. Business It's 1240 on Wall Street. We do check markets all day long at Bloomberg. Wall Street shrugging off Jay Powell's
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-09-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available U .S .D. cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Thursday, November 9th. Coming up today. The U .S. carries out an airstrike in eastern Syria. We hear from Hillary Clinton about the Middle East conflict. Foreign policy takes center stage in the latest Republican presidential debate. Hollywood actors reach a deal with the studios to end their strike. And Disney shares rally following its earnings report. New York Mayor Adams addresses crime and the controversy over his campaign fundraiser. Plus, the Census Bureau says the U .S. population will likely shrink by 2100. I'm Michael Barr. More ahead. I'm John Stashow and sports. The Knicks beat the Spurs. The Nets beat the Clippers. And the Giants are turning to a rookie quarterback. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 121. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moscow. Futures are little changed this morning and the yield on the 10 -year treasury 4 .53 percent. Nathan. Karen, we begin with the latest developments in the war in the Middle East. The Pentagon says the U .S. has carried out an airstrike on a weapons warehouse in eastern Syria. Defense Secretary Lloyd Austin says the self -defense strike was in retaliation for attacks on American forces in Iraq and Syria. Meanwhile, Israel says some 50 ,000 men have been killed.
Bloomberg Surveillance
Fresh update on "michael barr" discussed on Bloomberg Surveillance
"By Interactive Bond Marketplace. Access their vast selection of over 1 million global fixed income securities no markups or built -in spreads and low transparent commissions. Learn more at ibkr bonds. And ahead of the cash open on Wall Street in about 15 minutes, futures right now. And don't forget to like, share Rome Pal. He's speaking at 11 Eastern in Atlanta. We'll get some smart news today. Here's Michael Barr and just mention that their experimental pill for weight loss. They've shelved that. Those shares down down close to 5 % right now. And after the close last night, Dell Technologies reporting revenue that declined more than expected. Those shares also lower. And we have the Dow futures right now, 36 points lower. That's down a tenth of a percent. S &P E -mini futures down close to points. 12 That's down three tenths of a percent. NASDAQ futures 57
The Breakdown
A highlight from Is Circling Preparing for an IPO?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, November 8th, and today we are talking about the industry moving on. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it. Give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on The Breakers Discord. You can find the link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Well, as you know, we have been sort of locked in the past thanks to this S .B .F. trial, but now that is over, we're finally moving forward and you can start to feel a difference in the tone of the industry and the feeling of the people in it in the announcements coming out. And so today we're going to look at a couple of examples of that with the past clearly at our backs and facing towards the future. So kicking off, according to Bloomberg, stablecoin issuer Circle is considering an IPO for early next year. Now, Circle, of course, attempted to go public via SPAC in 2022, but their efforts fizzled out after the SEC refused to approve the deal. Bloomberg sources said that Circle is in discussions with advisers in preparation for a potential IPO. Now, while there's no certainty that the company will move forward with the process, the firm has reached a high valuation as a private company, making it a prime candidate to go public. Circle last raised money at a seven billion dollar valuation in April 2022, and the failed SPAC later that year was priced at a nine billion dollar valuation. What's more, big name financial institutions, including Goldman Sachs, BlackRock and Fidelity are all current investors. Now, Circle, for their part, are tight lipped, stating, quote, Crypto Trader Tolks wrote, Circle considering a 2024 IPO coming after hours is kind of interesting, maybe reading too much into it, but feels like increasingly friendly regulation plus stablecoin bill developments happening behind closed doors. Now, on that front, speaking at DC FinTech Week, Federal Reserve vice chairman for supervision Michael Barr stood firm on his position that the Fed needs regulatory authority over stablecoins. Throughout the negotiations on stablecoin legislation, the major sticking point has been whether the Fed is truly the correct regulator for stablecoin issuers or whether smaller issuers can be adequately monitored by state regulators. Barr said, quote, He added, Circle CEO Jeremy Allaire tweeted, Now, next up in our stories of actual progress, Custodia Bank has finally launched its long awaited Bitcoin custody service. The platform will use segregated customer accounts rather than an omnibus wallet to ensure client funds are safe and held bankruptcy remote from Custodia's corporate funds. This launch comes after years of battling regulators culminating in Custodia's fight to obtain a Federal Reserve master account. The new platform is targeted at businesses like fiduciaries, investment advisors, fund managers and corporate treasurers. In other words, a range of clients that may need segregated accounts to satisfy risk managers to take on Bitcoin holdings. Jeff Ross at Valeshire Cap said, Congrats, Caitlin Long.
Bloomberg Surveillance
Fresh update on "michael barr" discussed on Bloomberg Surveillance
"Israel resumed combat against Hamas in the Gaza Strip after a week -long truce between the two sides ended this morning. Under the truce, Hamas freed some of the hostages each day, and Israel released Palestinian prisoners and allowed more aid into Gaza. The nation's largest publisher is asking a judge to block a new Iowa law that bars public school libraries and classrooms from having almost any book that describes or depicts sexual activity. Penguin Random House and four authors joined several teachers, a student and the teachers' union in Iowa, in filing the suit. They say the law violates the Constitution's guarantee of free speech. The law also bans books containing references to sexual orientation and gender identity for students through sixth grade. Live from the Bloomberg Interactive Broker Studios, Global News 24 hours a day and whenever you want it. With Bloomberg News Now, I'm Michael Barr. This is Bloomberg. Get the latest news, wildfires, droughts, wars and floods. There's no doubt that 2023 has been a tough year and the challenges continue. What are the tools we need to build a more resilient future? Find out in the next episode The of Risk Opportunity, a series brought to you by Bloomberg Media Mhm. Mhm. Mhm. Mhm. Mhm. We are waiting to results. see It's the all about data. Data will speak if the data are good, we are going to move into phase three. We thought that the market would be 90 billion altogether, of which 1 30 will be the oral right now. The looks market like will be even bigger. So yes, it is a sizable opportunity if you have an oral on the
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 11-08-2023 06:00
"Investment advisors switch to interactive brokers for lowest -cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Next, we're going to get the latest on election results across the country with abortion rights taking the four. Plus, Israel closes in on Hamas in the center of Gaza City. It's coming up in our 6 a .m. news. Hour two of Bloomberg Daybreak starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Wednesday, November 8th. Coming up today. Election night 2023. Ohio becomes the latest state to put abortion rights in its constitution. And Democrats deny Glenn Youngkin a conservative majority in Virginia. More election results just ahead. Republicans hold their third presidential debate tonight, minus Donald Trump. And Israel says its troops have entered the heart of Gaza's main city. A look at local election results in the tri -state area. And history was made in Rhode Island and Philadelphia. I'm Michael Barr. More ahead. I'm John Stashow on sports. The Rangers continue their red -hot start. Losses for the Devils and Islanders. A season -opening win for St. John. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 121. And around the world on BloombergRadio .com and via the Bloomberg Business Act.
Bloomberg Surveillance
Fresh update on "michael barr" discussed on Bloomberg Surveillance
"What are your favorite going sectors into year -end and beyond? Well, look, as yields fall, for I think the near term, at least tech stocks still can hold up well. This is also a period of time after the last hike and before the first cut, that stocks tend to do okay, so I don't necessarily see a huge drawdown unless there's some exogenous shock. But going into 2024, I think that we need, if the bull case comes true, we need some broadening out in the equity market. I am still nervous about a drawdown. I am worried that we're going to get data that cools it too much. So I would be cautious and goals so I would still be looking at things like consumer staples. I think the utilities trade is okay. If you're looking for growth but you don't want that rate sensitivity, I think healthcare is a good place to be and I do think that we a see resurgence in energy stocks because supply will continue to get cut. Interesting final point. Liz, thank you. I'm going to catch up with you as always. Liz Young there of SoFi and this equity market in Stuart Kaiser's corner over a city said of much the same thing. Be careful what you wish for. When the economy starts to slow down, the data goes too far, then he's going the other way, in other the direction. Which is essentially JP Morgan's call and they're going to be pilloried because of how far they're going with exactly the price 4200 target. Nonetheless, the rationale is actually pretty consistent across Wall Street. It's just a matter of how that translates to markets. If you're just joining the program, welcome. I'll get you up to speed on the scores briefly on the S &P. We're negative here by 0 .2%. Now, with the latest news from New York City and around the world, here's Michael Barr. Lisa, John, Secretary of State Antony Blinken is in Dubai today for the COP28 climate talks. Blinken announced the U .S. is among the more than 130 countries signing a new landmark COP resolution that tackles the relationship between what we eat and the changing climate. Earlier, Secretary Blinken was in Tel Aviv when fighting resumed between Israel and Hamas today after a seven -day truce. Bloomberg's Ed Baxter reports Blinken delivered a message to Israel about war conduct going forward. While Blinken says the U .S. stands with Israel, conduct is very important. The way Israel defends itself matters. It's imperative Israel that acts in accordance with international humanitarian law and the laws of war, even when confronting a terrorist group that respects neither. Blinken says the U .S. will help Israel in its effort to eradicate Hamas but civilians should not be paying a heavy price. Ed Baxter, Bloomberg Radio. Meanwhile, a new bombshell report claims Israel had intelligence about the Hamas attack months before October 7th. In a stunning report from the New York Times, Israeli officials say that they had the Hamas battle plan in their hands for more than a year before hundreds of Hamas fighters stormed into Israel and slaughtered more than 1200 people. According to the Times, the Hamas plan was dismissed by the Israelis, who believed it would be too difficult for Hamas to carry it out. Live from the Bloomberg Interactive Brokers Studios. Global news 24 a hours day and whenever you want it. With Bloomberg News Now, I'm Michael Barr. This is Bloomberg. When it got. Wildfires, droughts, wars and floods. There's doubt no that 2023 has been a tough year and the challenges continue. What are the tools we need to build a more resilient future? Find out in the next episode of the risk opportunity, a series brought to you by Bloomberg Media Day. A special episode of Bloomberg Surveillance live from Apollo's headquarters. Join Tom, John and Lisa for exclusive interviews with top leaders in finance, including Mark Rowan and Jim Zellner about the state of private markets, recession risk in the new year and making amid high interest rates. It's all happening December 5th, starting at on Bloomberg. Context changes everything. Mm. Car here that experts said was impossible experts that said would never be made tougher than bullets toe pretty much thing faster than a 9 -11 while towing a 9 -11. So, uh, and delivery spring again now. That's the pitch. Test the CEO Elon Musk speaking of the Cybertruck delivery event in
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-08-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Wednesday, November 8th. Ohio becomes the latest state to put abortion rights in its constitution. And Democrats deny Glenn Youngkin a conservative majority in Virginia. More election results just ahead. Republicans hold their third presidential debate tonight, minus Donald Trump. And Israel says its troops have entered the heart of Gaza's main city. A look at local election results in the tri -state area and history was made in Rhode Island and Philadelphia. I'm Michael Barr. More ahead. I'm John Stashauer in sports. The Rangers continue their red -hot start. Losses for the Devils and Islanders. A season -opening win for St. John. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 121. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are little changed this morning. S &P futures and Dow futures both little changed. NASDAQ futures down a tenth of a percent or about 17 points. And the 10 -year Treasury yields 4 .57 percent. Nathan. Karen, we will have more on the markets in a moment. But we begin with last night's election results and a major victory for abortion rights in Ohio. Voters approved Issue 1, which enshrines the right to abortion.
Bloomberg Surveillance
Fresh update on "michael barr" discussed on Bloomberg Surveillance
"Off on Fox News last night in a political showdown of the red state versus blue state debate Newsom addressed former President huge lead in the Republican primary polls how's that going for you Ron you're down 51 points in your own home state this is a slick slippery politician whose state is failing DeSantis took aim at Newsom's record in California on everything from crime and to the high cost of living on the first day of the United Nations climate conference in Dubai 200 nations agreed to create a loss and damage fund to help developing nations deal with the of climate change live from the Bloomberg Interactive broker studios this is Global News 24 hours a day and whenever you want it with Bloomberg News Now I'm Michael Barr, this is Bloomberg. financial advisors are you looking to add or switch custodians are you going independent? Interactive Brokers provides lowest cost trading and turnkey custody solutions for all size firms trade globally from a single integrated master account with no ticket charges no custody fees no minimums and no tech platform or reporting fees plus IVKR has no advisory team or prop trading compete with you for your clients switch to the custody solutions that work for you at IVKR .com and use code IHARD new customers can get $150 instantly in bonus bets for betting just five on basketball only on DraftKings Sportsbook with code IHARD the crown is yours gambling problem call 1 -800 -GAMBLER or visit 1 -800 -GAMBLER dot net 21 and over age varies by jurisdiction void in Ontario bonus bets expire 168 hours after issuance see sportsbook .draftkings .com slash basketball terms for eligibility and deposit restrictions terms and responsible gaming resources is the world is more complex than ever but that complexity pushes me
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 11-07-2023 06:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. The industry helping you achieve better results. For the practice of law, the business of law, the future of law. Visit Bloomberg Law dot com. Hour two of Bloomberg Daybreak starts right now. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Burger Studios, this is Bloomberg Daybreak for Tuesday, November 7th. Coming up today, Israel's war with Hamas reaches the one month mark with little sign of slowdown in the fighting. Fireworks on the stand as Donald Trump spars with a New York judge and his civil for on trial. UBS rallies after the Swiss bank's earnings report. And former Wall Street darling WeWork files for bankruptcy. A look at the election races in the tri -state area as voters head to the polls across the nation today. Plus, the Hollywood Actors strike continues. I'm Michael Barr. More ahead. I'm John Stasch, Ellen Swartz. Losses for the Jets and Nets. A win for the Knicks and the Mets have their new manager. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119 and around the world on Bloomberg Radio dot com and via the Bloomberg Business Act. Good morning, I'm Nathan Hager. And I'm Karen Moscow and S &P futures are lower down a quarter percent or 10 points this morning. Down futures down two tenths of a percent or 68 points.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-07-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Tuesday, November 7th. Coming up today, Israel's war with Hamas reaches the one -month mark with little sign of slowdown in the fighting. Fireworks on the stand as Donald Trump spars with a New York judge in his civil fraud trial. UBS rallies after the Swiss bank's earnings report. And former Wall Street darling WeWork files for bankruptcy. A look at the election races in the tri -state area as voters head to the polls across the nation today. Plus, the Hollywood actor's strike continues. I'm Michael Barr. More ahead. I'm John Stasch, Aaron Swartz. Losses for the Jets and Nets. A win for the Knicks and the Mets have their new manager. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg San 960 Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning, I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are lower. S &P futures down three tenths of a percent or 13 points. Down futures down three tenths of a percent or 98 points. NASDAQ futures down three tenths of a percent or 41 points. Ten -year Treasury yelled 4 .61 percent. Nathan? Karen, we begin with the war in the Middle East. Today marks one month since the Hamas attack in southern Israel that set off the conflict. Now the Hamas -run health ministry in Gaza is setting off.
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 11-06-2023 06:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Future of law. Visit Bloomberg law dot com. Up next, we'll get the latest on military and diplomatic efforts in the Israel -Hamas war. Plus, is it slow and steady with the rates for the Fed? It's coming up in our 6 a .m. news. Hour 2 of Bloomberg Daybreak starts now. Secretary of State Antony Blinken visits Turkey and Baghdad. Donald Trump takes the stand today at his civil trial in New York. And Warren Buffett hoards cash in Berkshire Hathaway's latest quarterly report. President Biden announces money for the long -awaited Gateway project. Plus, check your children's fruit pouches. Here's a recall. I'm Michael Barr. More ahead. I'm John Stash, Aaron Swartz. Another rough day for the Giants. Blown out by the Raiders. Daniel Jones injured again. The Jets tonight host the Chargers. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on Bloomberg Radio dot com and via the Bloomberg Business App. Good morning. I'm Nathan Hager. And I'm Karen Moscow. And futures this morning are higher. S &P futures up two tenths of a percent or so.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-03-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Friday, November 3rd. Coming up today. Sam Bankman -Fried is convicted of all counts in his fraud trial team coverage, straight ahead. Secretary of State Antony Blinken arrives in Israel as the ground war intensifies. Investors take a bite out of Apple stock after earnings disappoint. And Wall Street awaits the October jobs report. The FBI raids the home of New York Mayor Adam's chief campaign fundraiser. Plus, a former governor of New Jersey wants to run for mayor of Jersey City. I'm Michael Barr. More ahead. I'm John Stasch, I run sports. The Steelers beat the Titans. Wins for the Rangers, Islanders, and Devils. The Knicks and Nets have road games tonight. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. I'm Stephen Carroll on Bloomberg DAB Radio in London. We've been reporting on profits plunging at French bank Société Générale as wrong -way hedges. 10 % this morning, down about 7 points, and the yield on the 10 -year treasury 4 .66%. Nathan? Karen, we'll have much more on the markets as well as Apple's disappointing earnings, the jobs report, and the war in Israel in just a minute. But we begin with a guilty verdict for Sam Bankman -Fried. It took a jury less than 5 hours to convict the FTX co -founder of 7 counts of fraud in Canada.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-02-2023 05:00
"Investment Advisors. Switch to Interactive Brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. And the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Thursday, November 2nd. More US citizens as President Biden calls for a pause in fighting with Israel. Jay Powell hints that the Fed could be done with the most aggressive tightening cycle in four decades. George Santos survives a vote to expel him from the House. And Apple gets set to report earnings today. More unrest at New York colleges as the Middle East crisis continues. Plus a firestorm on Capitol Hill as Senator Tuberville plots military confirmations. I'm Michael Barr. More ahead. I'm John Stashour in sports. The Texas Rangers World Series champions for the first time. The Knicks lost to the Cavs. The Nets won in Miami. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moscow. And U .S. stock index futures are higher this morning. S &P futures up half percent. Dow futures up three -tenths of a percent. NASDAQ futures up six -tenths of a percent. And the 10 -year Treasury yield 4 .71 percent. Nathan. Karen, we begin with the latest developments in the Middle East. President Biden says Israel and Hamas should pause fighting to allow time to free more people from the Gaza Strip. Speaking in Minnesota, the president responded to a protester.
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 10-31-2023 06:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. On the future of law, visit BloombergLaw .com. Now, up next, the latest on the developments in the Middle East and how Congress is working to come up with aid for Israel. That's coming up in our 6 a .m. news. Bloomberg Daybreak starts right now. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Tuesday, October 31st. Coming up today, Israel strikes targets in Lebanon and steps up its ground operations in Gaza. The action comes as Benjamin Netanyahu rules out a ceasefire. House Republicans unveil an Israeli aid package that differs with President Biden's plan. And Apple unveils new chips for Mac computers. New York College students call for more protection from anti -Semitic threats. Plus, testimony from Donald Trump's daughter has been postponed. I'm Michael Barr. More ahead. I'm John Stashauer in Ford's, Texas. One game three of the World Series at Arizona wins for the Nets and Rangers, a loss for the Islanders. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business app. Good morning, I'm Amy Morris. And I'm Karen Moscow. S &P futures up two tenths of a percent this morning at eight points. Now futures at.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 10-31-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Tuesday, October 31st. Coming up today, Israel strikes targets in Lebanon and steps up its ground operations in Gaza. The action comes as Benjamin Netanyahu rules out a ceasefire. House Republicans unveil an Israeli aid package that differs with President Biden's plan. And Apple unveils new chips for Mac computers. New York College students call for more protection from anti -Semitic threats. Plus, testimony from Donald Trump's daughter has been postponed. I'm Michael Barr. More ahead. I'm John Stashauer in sports. Texas won Game 3 of the World Series at Arizona. Wins for the Nets and Rangers. A loss for the Islanders. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Amy Morris. And I'm Karen Moskow. U .S. stock index futures are higher. S &P futures up a tenth of a percent, up about six points. Dow futures up a third of a percent, or 109 points. Nasdaq futures, little change, and the yield on the 10 -year Treasury, 4 .82 percent. Amy. Karen, we begin with the latest on the war in the Middle East. Israel has struck targets in Lebanon, stepping up its ground operations in Gaza.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 10-30-2023 05:00
"Investment Advisors. Switch to Interactive Brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for a Monday, October 30th. We're in Tel Aviv with the latest. Benjamin Netanyahu apologizes after blaming security chiefs for Israel's biggest security lapse in decades. Investors look ahead to a key Fed decision and the October jobs report. And Sam Beckman -Fried returns to the stand today in his fraud trial. Demonstrations continue in New York over the Middle East. Prices plus fans mourning Matthew Barry flock to the famous Friends apartment building, West Village. I'm Michael Barr. More ahead. I'm John Stashauer in sports. A low -scoring Jet Giant game went to overtime. The Jets won in stunning fashion. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM119 and around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning. I'm Amy Morris. And I'm Karen Moscow. U .S. stock index futures are higher this morning. S &P futures up six -tenths of a percent. Dow futures up four -tenths of a percent. Nasdaq futures up seven -tenths of a percent. And the 10 -year Treasury yield 4 .85 percent. Nate, Amy. That's okay, Karen. We'll have more on the markets in just a moment. First, let's bring you the latest developments on the war in the Middle East. Israel has widened its ground offensive in Gaza, pressing ahead with what it has called the second phase.
Daily Crypto Report
A highlight from "SBF denies wrongdoing in his testimony." Oct 28, 2023
"It's 7 a .m. Eastern, October the 28th, and this is your Daily Crypto Report. Bitcoin is up slightly at $34 ,163, ETH is up slightly at $1 ,794, and Binance Coin is down slightly at $227. On the second day of testimony, Sam Bankman Free testified and denied wrongdoing, saying that he didn't know the exact privileges given to Alameda on his exchange, and pointed to people for developing special features for Alameda. SPF denied defrauding FTX customers, but admitted to making mistakes and lacking oversight in FTX operations. He also spoke about his involvement with Alameda, saying he remained informed but stepped down as CEO due to running two companies. He pointed at least some of the blame there, back at CEO and romantic partner Caroline Ellison. The Bank of England's digital pound consultation received over 50 ,000 responses from the public, with many expressing concerns about privacy, programmability, and the decline of cash. Deputy Governor John Cunliffe addressed these concerns, saying that users of the digital pound would have the same level of privacy as with electronic payments today, and the central bank would not access people's data. He also mentioned forthcoming regulations for stablecoins, indicating that decentralized models might be rolled out in favor of identifiable payment system operators. The central bank is likely to set limits on stablecoins, similar to those proposed for the digital pound. Well, Gemini Trust has filed a complaint against Genesis over the ownership of nearly 1 .6 billion worth of grayscale bitcoin trust shares. Gemini claims that Genesis promised to deliver these shares to secure loans made by Gemini users as part of its Gemini Earn program. The program allowed users to lend digital assets to Genesis Global, and it was terminated earlier this year. Gemini accused Genesis of taking actions to harm earned users and delay the recovery of users' digital assets. And finally, top Federal Reserve officer Michael Barr emphasized the need for regulating stablecoins, saying that when an asset is tied to a government -issued currency and serves as a means of payment and a store of value, it relies on the trust of the central bank. The Federal Reserve is keen to ensure that stablecoin's offerings operate within a federal regulatory framework to prevent threats to financial stability or the integrity of the payment system. The central bank has increased its focus on stablecoins and recently announced measures to strengthen its oversight of banks involved in stablecoin activities. Additionally, the Federal Reserve continues to research central bank digital currencies but will only proceed with clear support from the executive branch and authorization from Congress. Well, that's all for us today. Visit us at DailyCryptoReport .io and listen to us everywhere else you podcast under Daily Crypto Report. I'm Dr. Rae Wynn -Grant, wildlife ecologist and host of the award -winning podcast Going Wild, produced by Nature on PBS. In the brand new season of Going Wild, we're tackling the big question, how can humans look at our relationship to nature differently? And with the help of special guests like Christian Cooper, host of Nat Geo's Extraordinary Birder, and Ayana Elizabeth Johnson, co -creator of the How to Save a Planet podcast. Follow Going Wild with Dr. Rae Wynn -Grant on your favorite podcast app. Are you looking for a podcast that'll make you laugh? You came to the wrong place. That's not us. That's not us. Well, it is. We are husband and wife who chat about raw, real relationship topics. Like sex. Like money. Like marriage and kids. But we're not afraid to talk about how your newborn baby probably isn't as cute as you think it is. If you're in need of entertainment while you're driving to work, because that sucks, we can join you in the suckage. Kind of like being in your ear. Not physically. So if you want to laugh. Come check us out. Come check us out. Brought to you by the Laughing Couple podcast.
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 10-27-2023 06:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. S &P futures are on the rise this morning. Up next, we will get the latest from the Middle East, where the U .S. is now carrying out strikes, plus Amazon and Intel give investors what they want. Hour 2 of Bloomberg Daybreak starts right now. After the nation's 36th mass shooting this year. Amazon and Intel share surge following their earnings reports. Sanbangan Freed is back on the stand again in his fraud trial. Battled New York Congressman Santos faces arraignment today amid a push to be expelled from the House. Plus, the NYPD is on alert as the mass shooter in Maine is on the loose. I'm Michael Barr. More ahead. I'm John Stashauer in sports. Wins for the Rangers and Islanders. The Bills beat the Bucks. The World Series begins tonight. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning, I'm Nathan Hager. I'm Amy Morris. U .S. futures are bouncing back as we reach the end of the trading week.
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 10-25-2023 06:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. 1 % lower. Up next, we're going to get the latest on a more contentious diplomatic situation in Israel as Republicans try for a fourth time today to elect a House Speaker. That's coming up in our 6 a .m. news. This hour two of Bloomberg Daybreak starts right now. Meanwhile, new pressure on the former president in both 2020 election cases against him. And Microsoft rallies while Alphabet slides following their earnings reports. Authorities say the crisis in the Middle East is contributing to a rise in hate crimes in the New York area. Plus, a Category 5 hurricane has hit near Acapulco, Mexico. I'm Michael Barr. More ahead. I'm John Stashauer in sports. The Arizona Diamondbacks won Game 7. In Philadelphia, they'll play Texas in the World Series. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning, I'm Nathan Hager. And I'm Karen Moskow in U .S. stock index futures. Mostly lower S &P futures down four -tenths of a percent or seven -tenths.
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 10-11-2023 06:00
"Support for this podcast and the following message come from Coriant. Coriant provides wealth management services centered around you. They focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. Leverage their exclusive network of experts to help achieve your personal and professional financial goals. As one of the largest integrated fee -only registered investment advisors in the US, Coriant has experienced teams who can craft custom solutions designed to help you reach your financial goals, no matter how complex. Real wealth requires real solutions. Connect to a wealth advisor today at Coriant .com. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Wednesday, October 11th. Coming up today, the war between Israel and Hamas intensifies as Hezbollah enters the fray. President Biden promises full US support for Israel as it seeks safe passage for civilians. More airlines suspend flights to Israel. And ExxonMobil closes in on the largest corporate takeover this year. More pro -Israeli rallies were held in New York City in the wake of the Hamas attack. Lesson battled Long Island Congressman George Santos has new legal problems. I'm Michael Barr. More ahead. I'm John Stash, Aaron Swartz. The Texas Rangers finished an ALDS sweep of the Orioles. The Astros beat the Twins. The NLDS resumes today. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are higher this morning. S &P futures up two tenths of a percent or not.
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 10-10-2023 06:00
"Support for this podcast and the following message come from Coriant. Coriant provides wealth management services centered around you. They focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. Leverage their exclusive network of experts to help achieve your personal and professional financial goals. As one of the largest integrated fee -only registered investment advisors in the US, Coriant has experienced teams who can craft custom solutions designed to help you reach your financial goals, no matter how complex. Real wealth requires real solutions. Connect to a wealth advisor today at Coriant .com. At Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. From the Bloomberg Interactive Workers Studio, this is Bloomberg Daybreak for Tuesday, October 10th. Coming up today, day four of the Israel -Hamas war and the conflict may be entering a new phase near the Gaza Strip. That says USAID begins to pour in to support Israel. The fighting is also testing social media, causing confusion and misinformation on acts about the attacks. And jitters over the war and dovish fed remarks have investors piling into treasuries. Israeli and Palestinian supporters held more rallies in New York City. Plus, China wants answers after a person crashed their car into the consulate in San Francisco. I'm Michael Barr. More ahead. I'm John Stashow in sports. The Atlanta Braves rallied past the Phillies. The Diamondbacks again beat the Dodgers. Monday Night Football, the Raiders beat the Packers. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119 and around the world on Bloomberg Radio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager and I'm Karen Moscow. U .S. stock index futures are higher this morning. S &P futures up two tenths of a percent or eight points. Dow futures up two tenths of a percent or sixty.
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
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"York City is Michael Barr. Tom Paul all eyes across the nation are on Georgia today for its big Senate runoff election. Georgia voters would choose whether to reelect democratic senator Raphael Warnock or his Republican challenger football legend Herschel Walker were not campaigned in Atlanta. I want you to vote. Like democracy depends on it. Vote, light, healthcare depends on it. Vote like a woman's right to choose depends on it because it does. You are the vote like yesterday emergency. If Warnock wins, Democrats have an outright 51 49 Senate majority, meanwhile, walker campaign in kennesaw. This is about turnout and now that Normal and then published to me by my bookie, Richard rich is the betting for lions Vikings of Vikings have a better record than the mediocre sub 500 lions, but the lions have the Betty line the favored. It Caesar's palace. No, why? Because we're Starlink. We are, we've got a lot of spirit. I don't care what our record is, at least every game we were out there fighting. What took place? I got some breaking news here. I gotta grab, but Michael Barr, how unusual this is at the under 500 team has a betting faith. That's not common. Let's put it that way. Like YA tittle was playing. Yeah. Okay, thanks. No one knows who that is. Michael Barr, thank you so much. Headlines, Bank of America. This is the Goldman Sachs conference. We believe in conversation with Brian moynihan and the 10 o'clock hour bank, I love this Paul. They're reshaping headcount. That's a new one. Yeah, I think I've been reshaped a couple of times during my career, Tom. Hopefully we will not be reshaped out in 2023. Brian moynihan in conversation, one hour from now, right at the screen down, negative 48th of 20.67 Bloomberg surveillance
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
"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.
Bloomberg Radio New York
"michael barr" Discussed on Bloomberg Radio New York
"Frankly, they're encouraging this growth and death by keeping rates so low Well But what are normal rates at this point? I mean, through every cycle we were talking about before that rates have come lower and lower and the more debt you incur. The slower growth is so some people, including HSBC, Stephen Major, says the natural path Of interest rates of benchmark borrowing costs should be lower for the U. S government. Just based on that slower growth trajectory. Why is that? Not the case? Well, I don't think it should be the case. I think it's it's been calls by by Federal Reserve, which is really flooded the economy's liquidity and the key thing is that flooding with liquidity doesn't actually stimulate aggregate demand. I think this is what they missed all along. That's why big reason why the last expansion was so slow What's a good level of interest rates a normal level? It's got to be a positive long term real interest rate. If you lend money in the long run, you should get a positive return after inflation. If you borrow money in the long run, it should be because you expect to invest in something that will generate it positive return after inflation. If you don't have an economy that's operating that way. You've got an economy that's heading in the wrong direction. And so I think at least positive real rates That means 10 year Treasury yields well above the rate of inflation, which you know, even by the feds measure is it is close to 3%. Year over year based the number's gonna get tomorrow, don't you? Kelly? I want to take your JP Morgan Working. Dovetail it with your work in Putnam years ago with the iconic Bob Goodman, who was the great optimist? And that is in the sum of the David Kelly analysis. Are you worried about the glue of jump conditions? Given what we're doing with our fiscal and monetary policy? New theories, maybe seat of the pants approach, or do you see a smoothness where investors can say this will work out? We'll get to the other side of the bridge. I don't. I don't lose much sleep over because I think it will take a long time for the for any crisis to unfold If we have a crisis, But where I don't believe in modern military here, I think it's nonsense. Man, I think in the long run, the key thing is, if you spend if you run big budget deficits, and if it actually helps the economy, then this level of dash will cause the economy to blow up. It's your modern monetary theory only works if it fails to actually achieve any improvement in human welfare. So it Zoback idea. I think you've got to try to get to normal interest rates. You set interest rates at the correct level than the economy will operate. Optimally, David always gonna get your view. Don't hold back. David Kelly there of J. P. Morgan Asset Management chief Global strategist your equity market, turning just a little bit higher, up two points of the S and P. 500 equity futures just about getting into positive territory yield to hire My three basis points on a 10 year. It's the right kind of downside. Surprise on jobless claims 406 against the next to murder 425 K and a previous read of 4. 44 Times. 406 John. He had an entry point about three hours ago, and I missed it again. I mean by the dip here have you have either of you seen any adjustment in the tone and a great bull market of by the dip number? You know you want to elaborate? Yeah, well, it's radio. Yeah, happens. John Radio. You have to elaborate. A big adjustment. Well, I will say that you've been more so You saw the Russell outperform yesterday. People are trying to go back into the cyclical story. The idea that it had underperformed for most the months it's coming back now. That's such a great time in the box this morning. Wow, honestly. Just fantastic. Just pretty in coverage. Things got really interesting, serious as the show progressed. The girl, you know, you know, quite so this is what we're doing. We've got a staff of three people helping us get through the show. And, you know, we don't know it. Five or six a.m. what The news is gonna be at nine. AM I know happy making before you go. That's for sure. I'll be off then when 8 35 minutes stuff in New York City alongside Tom King Good friend. Colleague Lisa branded some Jonathan Farrow futures from one yesterday He was on tens. 1 16 96 of three basis points on a 10 year yield alongside Tom Keen and Lisa, A private Some Jonathan Farrow candidate answer The opening power will continue to do that, both on TV with myself on radio with Tom King. In New York on radio and TV. This is blowback surveillance. Now, the latest news from New York City and around the world hears Michael Barr Tom Lisa John Investigators have been combing through two buildings at the Valley Transportation Authority in San Jose, California looking for evidence. They're trying to find out what motivated 57 year old Samuel Cassidy to allegedly set fire to his house yesterday. Drive about 10 miles to the transit systems, light rail, road yard and start shooting. Authorities say he killed nine people before turning the gun on himself. Some workers are lucky to be alive. Joanna to Vados Father told her. He talked to the suspect a day before the mass shooting on Tuesday. I got I just talked to him yesterday. Just normal work, talk, normal work stuff. They parked right across from each other. He saw him They would. Sometimes they would walk in off the same time. My dad said yesterday piece didn't You know, he didn't see that anything was off to Volvo, says her dad, pray the whole time and wasn't sure he was going to come home. President Joe Biden travels to Ohio today, where he will focus on the economy and infrastructure. The president will take a tour of the Canyon Holger Community College Manufacturing Technology Center in Cleveland and then deliver remarks this morning. Senate Republicans are unveiling nearly $1 trillion counterproposal on infrastructure. Talks continued toward bipartisan compromise, but there are still major disagreements about how much of bill should cost how it should be paid for and what is considered infrastructure. President Biden called for a deeper U. S intelligence investigation into the origins of covert 19. Giving new life to claims that the coroner virus escaped the Chinese lab. The pandemics origins were first found and a Wuhan food market lie from the Bloomberg Interactive Brokers Studios. This is global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700. Journalists and analysts in more than 120 countries are Michael Barr, and this is Bloomberg. This is.