17 Burst results for "Michael Kasner"
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Has been off limits to those looking to hike, camp fish, or enjoy other outdoor activities. The majority of the areas are in Northern California where a number of national and state parks are located. The outlet looked at hunting app Onyx for reference and noted the app unintentionally showed how much public land was bordering private property. With that, a report from Onyx and the Theodore Roosevelt conservation partnership found over 6.3 million acres of western states lands are not accessible without getting permission from a neighboring landowner. I'm Matt and sin. A new lawsuit wants to keep Kroger's from buying Albertsons for $25 billion. A lawsuit filed in California on behalf of 25 consumers in Texas and Florida say the merger will increase prices for groceries decrease quality of food and closed stores. I'm Brian shook. President Biden is approving a North Dakota disaster declaration after areas of the state were impacted by a severe winter storm last year, parts of North Dakota were smacked with a snowstorm and straight line winds from November 9th to the 11th, federal funding is being made available to state tribal and eligible local governments for emergency work and to repair or replace facilities damaged by the weather. Today's national black HIV aids awareness day and the statistics tell an alarming story, Sara Lee Kessler has more. The CDC says while blacks and African Americans make up 13% of the U.S. population, they account for 40% of those with HIV. We estimate 250,000 people know they have HIV in this country and are not seeking regular medical care. Dr. Laura gever aids expert at the health resources and services administration who says stigma and fear are major factors, she also says many black and African American clients are not taking advantage of prevention options. I'm Sara Lee Kessler, a longtime GOP activist who was accidentally shot by then vice president Dick Cheney has passed away at the age of 95. Michael kasner reports the family of Harry whittington announced his death over the weekend, whittington reportedly died after a brief illness. The Texas lawyer got his foot in the door with the Republican Party back in the days when there was almost no GOP presence in the state, whittington made headlines in 2006 when Cheney accidentally shot him while they were quail hunting. I'm Michael kasner. George Clooney is being tapped to direct a new political thriller series at showtime. The department will follow the daily life and missions of agents within France's principal external security service showtime said just as homeland elevated global espionage to new heights, the department is planning to take viewers even deeper. I'm Brian chuck. And I'm Doug prisoner at Bloomberg world headquarters in New York. Let's check this hour's top business stories on the markets. Bed Bath & Beyond has reportedly secured investor backing for a more than $1 billion capital raise. This would stave off bankruptcy. The Wall Street Journal says the offering is a mixture of convertible stock and warrants and it will be coupled coupled with a $100 million in additional credit lines from one of its lenders. It was on Monday that Bed Bath & Beyond warned, if it fails to complete this planned fundraising, it would likely file for bankruptcy and its assets would be liquidated. Well, in the week ahead, we have a slate of fed speakers today we heard from the head of the Atlanta fed Rafael bostic. He said there's the possibility that rates will need to peak at a level above what policymakers had previously expected. Tomorrow we're going to hear from Jay Powell, the fed chair himself, he will be interviewed in Washington, Bloomberg's Michael McKee has a preview. Going into Friday's jobs report, the narrative was the fed chair hadn't pushed back hard enough on markets, pricing rate cuts later this year. The payroll report may have done that for him. If job growth is strong in hours worked a rising, that's a lot more money in consumers pockets available to spend, and at least according to the fed's Phillips curve model, that means inflation will be stickier. Powell gets another chance to make that point when he sits down with David Rubenstein, host of Bloomberg TV's peer to peer and David Rubenstein shows at the Washington economic club, expect him to say the fed will stay the course, raising rates one or two more times, and holding them throughout the year. That is Bloomberg's Michael McKee, investors burned by last month's malfunction on the New York Stock Exchange can recoup all of their losses, but only if their trades fit certain parameters, the rest of those investors may wind up with nothing. We are told the exchange operator has told clients about plans to cover all of the losses for orders posted or routed to the New York Stock Exchange while loss making trades triggered on other venues will not be covered. The adane family has prepaid about $1.1 billion in debt backed by stock. That story from Bloomberg's annabelle drillers. The adani group is trying to restore confidence in the conglomerate's financial health. The early payment of the loans will help release millions of shares, even so 6 of the group's ten stocks ended lower in Mumbai, a Dani transmission, and a Donnie total gas led the losses. About $117 billion has already been wiped out after the Hindenburg research made fraud allegations against the group. India's main opposition party stage protest Monday to highlight the risks to millions of small investors. Bloomberg's annabelle drawers, we check markets every 15 minutes on Bloomberg in Hong Kong the hang sang up 9 tenths of 1%, the Nike had two tenths of 1%. Global news backed by 2700 journalists and analysts. This is Bloomberg. This is Bloomberg law. A divided Supreme Court rejects a religious challenge. Tell us a little about the facts of the case. Peter views with prominent attorneys
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Through tonight. One day after what would have been his 94th birthday, the nation is observing Martin Luther King Jr. day, expect to find federal and county offices closed, banks will also be closed and there will be no regular mail delivery. I'm Michael kasner. And I'm Scott Carr from the Bloomberg newsroom, European stocks have been on the rise, even as U.S. future signal caution. The footsie in London remains about flat though and positive territory ahead by .12%. The cac and Paris is ahead by .38%, and the Dax in Germany is also ahead by .35%. The nikkei in Japan closed lower and Monday trading by 1.14%, the hang sang in Hong Kong closed slightly higher by .04%. China's CSI 300 ended higher by 1.56%. Stock market investors who may be hoping to get a breather after a brutally volatile 2022 do have history and option traders on their side. A slowdown in inflation is bolstering speculation the fed may be nearing the end of severe interest rate hikes and back to back annual losses are rare for U.S. stocks over the past 70 years. The so called volatility curve a plot showing expectations regarding the severity of price wings in the months ahead is lower at every point than it was a year ago. Strategists at Bank of America say U.S. stocks are poised for a fresh slide, however, before ultimately rallying in the second half of the year, Bloomberg's Karen Moscow has more. Investors are positioned for the S&P 500 to tumble nearly 10% to 3600 points before rallying 17% of the 4200 level, according to a note from strategists led by Michael hartnett. They say trading during an economic and earnings recession requires patience. Still, strategists are increasingly favoring European and Asian shares over U.S. peers against the backdrop of higher interest rates. Karen Moscow, Bloomberg radio. Noticeably, absent from the World Economic Forum now started, running through the 20th and Davos Switzerland are the Russian tycoons, as well as Chinese billionaires once a fixture at the annual confab, the makeup of the billionaire guest list reflects the global upheaval that's reshaped fortunes and shifted centers of power. Bloomberg, Susanna Palmer has more. There won't be any Russian billionaires at Davos, the fallout from the war in Ukraine has effectively banished to the oligarchs from the annual forum. You won't see any Chinese billionaires either. I'm at a spike in COVID cases, but there are about 100 other billionaires registered to attend this year's event. That's 40% more than a decade ago. The majority of them come from the U.S., but India, the UK and Europe, the Philippines, and the gulf region will be represented in the ten digit fortune club. With the growing view that the fed may be poised to slow down its pace of interest rate hikes, the U.S. dollar's rally from an 8 month low may be fleeting. As pressure to sell the dollar increases, the Bloomberg dollar spot index made slight gains today, but remains down nearly 2% since the start of the year. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries, I'm Scott Carr. This is Bloomberg. Bloomberg radio on demand and in your podcast deed. On the latest edition of the Tay podcast, a conversation with duke professor cam Harvey. Businesses and consumers are more likely to engage and risk management when the yield curve is inverted, so they take actions before a recession actually happens. And we're seeing this like small layoffs. Here and there, where companies are getting ready for a slowdown. Or basically stuff we don't see that is happening, companies deciding not to make major investments. The Lang until there's more clarity in terms of the business cycle. Just giving that background, what do you think our Federal Reserve could do should do over the next couple of meetings here? So given that this is happening, the deal curve is actually impacting behavior People are engaging in risk management. It actually reduces the chance that the signal, the inverted yield curve, is actually accurate in forecasting a recession. The major wild card here is the fed. And the fed was late with all of this talk about transitory inflation, and it didn't make any sense to so many people, including me. So they're very late to the game, and the major wildcard here is whether the fed is going to be late again. And what I mean by that is that they don't see that inflation under control. They've slowed the economy and just continue the rate hikes. They have no reason to
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Evacuate their homes and matile hawk canyon are offered free lodging meals and rides to motels One day after what would have been his 94th birthday, the nation is observing Martin Luther King Jr. day, expect to find federal and county offices close, banks will also be closed and there will be no regular mail delivery. A Georgia football player in recruiting staff member are dead after they were involved in a crash early Sunday, a woman who lives near the scene describes the aftermath. They hit the power line, they hit a light pole, and then they hit the tree, and then they have the building. I end up behind the car. I can't even say how they would have gotten into that position. The school confirmed Devin willock and Chandler la Croix were killed, police say willock, a 20 year old offensive lineman on the team died at the scene, the 24 year old LaCroix, who was driving was hospitalized, but later died as a result of her injuries, two other passengers were injured. I'm Michael kasner. The chairman of the House oversight and accountability committee is labeling representative George Santos, a bad guy. He's not the first politician, unfortunately, to make it to Congress to lie. You know, Elizabeth Warren wasn't truthful about her ethnicity. The newly elected New York congressman is under fire for lying about his background on the campaign trail, appearing on CNN's State of the Union, Kentucky representative James comer called his fellow GOP members deception pretty despicable, but declined to say of Santos should step down, noting he was duly elected by the people. The CDC and the FDA are looking into concerns that the Pfizer COVID vaccine can cause strokes in those 65 and older. Scott Carr reports. The CDC notes that overall data suggests it's very unlikely there's a true clinical risk. The agencies use a safety monitoring system that identified a preliminary signal that they found important to share with the public while they continue to evaluate data. Doctor Anthony Fauci says Americans need to keep getting vaccinated while the CDC reviews the data. The chances are three or more times less likely that you'll be hospitalized if you get infected. If, in fact, you have to buy the Ellen booster as opposed to those who did not get the booster. The concern has not been identified with Moderna's bivalence shot and both agencies continue to recommend that everyone 6 months and older stay up to date with their COVID vaccinations. I'm Scott Carr. All veterans experiencing a suicidal crisis will soon be able to access free care the VA says effective tomorrow all veterans can go to any VA or non VA healthcare facility and receive treatment at no cost. The program will include up to 30 days of impatient or crisis residential care and up to 90 days of outpatient care. James Cameron's second installment in the Avatar film series is still number one at the box office avatar the way of the water earned just over $31 million during the holiday weekend in theaters across the U.S. and Canada. I'm
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Bloomberg radio. President Biden is helping to remember those who lost their lives to gun violence. He spoke at the tenth annual national vigil for all victims of gun violence in Washington, D.C.. Events like this are hard. Because it brings back the very moment that everything happened. No matter how many years pass, but your voices matter. The event was being held after numerous mass shootings this year, including in Buffalo, New York and Yuval, Texas. The nation is also set to mark the tenth anniversary of the Sandy Hook Elementary School shooting in Connecticut next week. House minority leader Kevin McCarthy is praising the end of the COVID-19 vaccine mandate for military members in a statement that California Republicans said the repeal of the mandate is a victory for military members and common sense. He added that he's told President Biden to rehire military members who were forced out. Other states are reporting targeted power outages similar to the one impacting thousands of North Carolina residents, a federal law enforcement memo obtained by news nation says Oregon and Washington experienced physical attacks on substations in response to an online call for strikes on critical infrastructure. The Supreme Court's conservative majority is skeptical about state lawmakers being able to set federal voting rules on their own. Lisa Taylor has more a North Carolina state court struck down Republican drawn congressional districts, North Carolina Republicans brought an appeal to the highest court asking it to enact the independent state legislature theory, which would make it possible to deny state courts of the power to do so. In Raleigh, I'm Lisa Taylor, Moscow police are looking for a white car that was seen in the area of the house where four university of Idaho students were murdered three weeks ago. The vehicle is a white 2011 to 2013 Hyundai elantra. However, police don't know the license plate. I'm Brian shook. The search for a missing pilot after a plane crash in Florida is being called off city of Venice officials say divers have completed search and recovery operations at the crash site after consulting with the coast guard, the search for missing pilot Christian cat has been discontinued. Kathy's wife misty and their 12 year old daughter lily were killed in Saturday night's crash in the waters off of Sarasota county. A New York woman and two others are suing apple in a class action lawsuit, Jennifer Paul Sony reports. Two women, including a Brooklyn resident allege, apple's airtags are unreasonably dangerous products that can be used by stalkers. They say they're suing on behalf of all those who were tracked by airtags without consent asking the court to find Apple guilty of negligence, product liability, violating privacy rights and other consumer violations. Today is the 81st anniversary of the surprise Japanese attacks on Pearl Harbor, Michael kasner has more. December 7th, 1941, a date which will live in infamy. A day after the attack in 1941, president Franklin D. Roosevelt addressed a joint session of Congress and made that declaration on Tuesday, President Biden signed a proclamation declaring December 7th of 2022 national Pearl Harbor remembrance day. The proclamation urges all U.S. flags to fly at half staff today in honor of those American patriots who died as a result of their service at Pearl Harbor. I'm Michael kasner, a California startup is promising a flying car by 2025. Aleph aeronautics from the San Francisco Bay Area wants to start delivering its $300,000 model, a flying car to customers by the end of that year. ALF is already taking deposits from potential customers. It costs $150 to get on the waiting list and 1500 prisoner Bloomberg world headquarters in New York. Let's check this hour's top business stories and the markets Dutch officials are preparing new controls on exports of chip making equipment to China. We are told an agreement could come as soon as next month. These new controls as we understand could potentially align Dutch trade rules with those of the U.S. as a way of restricting Beijing's access to high end technology. Federal prosecutors are reportedly investigating whether FTX founder Sam bankman freed and his hedge fund executed trades in a way back in May that eventually led to the collapse of two cryptocurrencies. The New York Times says prosecutors in Manhattan are examining the possibility that bankman freed steered the prices of two interlinked currencies Terra USD and Luna to bent of it entities he controlled. Meantime U.S. senators sherrod Brown and Patrick toomey are seeking testimony from bankman freed at a hearing about cryptocurrencies, the I should say the collapse of FTX on December 14th. China is even easing COVID restrictions, although doubt seems to be creeping in to the market's view on the path forward earlier I spoke with Bloomberg Sophia horta at Costa for her view on what's happening. This is really the narrative dominating Chinese markets right now. It's the reopening story, but it's also the risks around reopening and that's why we saw such a dramatic drop yesterday. I mean, volatility will be the name of the game now. Obviously, everyone was waiting and expecting and really wanting to get signs out of China that it was going to roll back COVID zero because it was so economically damaging, but now obviously the concern is on the current is highly transmissible. What will be the on the ground impact of this and the uphill battle that China faces to really revive consumer sentiments and consumers spending. And get the economy going again. That's kind of those are the two things that the market kind of swings between. Yesterday, the volume in Hong Kong's equity market was incredibly high. So a lot of appetite to sell on the gain. November was an incredibly good month. And today it's quite low. So it shows that there isn't really much room higher today. I wouldn't be surprised if we see intraday pairing. That is Sophia horte Costa Bloomberg's chief China markets correspondent right now in Hong Kong. We've got a rally in equities with the hang seng up 2.8%. We check markets every 15 minutes here on Bloomberg in Tokyo. We've got the nikkei down 7 tenths of 1% on the Chinese mainland Shanghai composite better by a tenth of 1% in Seoul the Cosby, weaker by 6 tenths of 1% and in Sydney the ASX 200 down 6 tenths of 1% as well. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. This is Bloomberg. Hundred journalists and analysts in more than 120 countries. This is Bloomberg.
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"The Hunter Biden laptop story. The original 2020 New York Post story detailed contents of the laptop that belonged to President Biden's son and was left at a computer repair shop. Some believe Republicans could have used that info against Biden weeks before the presidential election. At the time, Twitter put the story on lockdown, and refused to let user share it, claiming it could be disinformation. Twitter CEO Musk tweeted today what really happened with the Hunter Biden story suppression will be published this afternoon on Twitter. A coalition of railroad workers is slamming both Democrats and Republicans for the passage of an agreement to stop a potential strike, Lisa Taylor reports. The railroad workers united group said it was despicable that both parties opted to decide with big business over working people. The group criticized President Biden and House speaker Nancy Pelosi to push through an agreement most freight rail workers had previously voted to reject, and called out Republicans for voting against providing workers 7 days of paid sick leave. The coalition said workers should have the right to bargain collectively and to freely engage in a strike whenever members see fit. I'm Lisa Taylor, president Joe Biden is recommending moving Iowa out of its first in the nation's status. President Joe Biden is pulling for the Democratic National Committee to replace Iowa with South Carolina as the first test of presidential politics for the party in 2024. His proposal would move Iowa out of the first round of caucuses entirely, movie in Georgia and Michigan into the early window. This comes after Politico reported Michigan would replace the Iowa caucuses. The DNC will make its decision on Saturday. I'm Bo. And that suggestion is not sitting well with Iowa Republican senator chuck grassley, who tweeted Biden is kicking IO in the teeth. Wall Street is closing with stocks lower as investors look ahead to the Federal Reserve's meeting later this month. This comes after a jobs report showed payrolls increased by 263,000 last month. The unemployment rate for the month of November stayed the same at 3.7%. I'm Tammy trejo. A web designer who refuses to make a wedding website for same sex couples is taking her case to the Supreme Court. Michael kasner reports. The high court will hear a case Monday involving 38 year old web designer Laurie Smith of littleton Colorado, who says she's an evangelical Christian and argues that Colorado's anti discrimination law violates her free speech rights by forcing her to express messages that go against her beliefs. The state of Colorado argues that its anti discrimination act regulates sales, not speech to ensure equal access. I'm Michael castner. All federal inmates who are being held in private prisons are now in federal facilities. The bureau of prisons began designating low security inmates to privately manage facilities back in the 80s to manage the increasing prison population. Last year President Biden signed an executive order, directing the bureau to move the inmates back to federal facilities, calling it the first step to stop corporations from profiting off incarcerations. President Biden's meeting with the Prince of Wales in Boston, Biden greeted Prince William at the John F. Kennedy library in museum this afternoon. It's one of several stops William and his wife Kate, the Princess of Wales have planned today. They're in town for the earthshot prize ceremony. Rock band Guns N' Roses is suing an online gun store. That story from Phil Hewlett
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"He's going to push for an assault weapons ban before the year is over. Michael kessner reports. He said so while speaking to reporters idea we still allow semi-automatic weapons to be purchased is sick. Just sick, it has no no social devalues. He made those remarks after two recent mass shootings which happened within days of each other the first was in Colorado Springs last weekend where 5 people died at an LGBTQ club. The latest took place Tuesday night at a Walmart in Chesapeake, Virginia, 6 people died in that incident. I'm Michael kasner. Gas prices are dropping below 360 to ring in the Thanksgiving holiday. The average price is three 58 a gallon down two cents from yesterday. It looks like two more tech giants are about to hand out pink slips, Google will reportedly lay off about 10,000 people said to be underperforming. Hewlett Packard known as HP is also letting up to 6000 workers go by 2025. That's the latest. I'm David kodiak. And dived to these Pellegrini and the Bloomberg newsroom Twitter is disbanded its entire Brussels operation. Except you're losing key staff members, and the company had been facing a new wave of regulatory scrutiny there. Another one of Elon Musk's companies though may be getting a kinder gaze right now after losing nearly $300 billion in market value in two months. A growing course of Tesla analysts say that share price decline has now gotten far enough. We get more on that from Bloomberg's Charlie pellet. Denise, that helped push the stock higher by 7.8% yesterday. Morgan Stanley analyst Adam Jonas earlier said the Tesla is approaching his bare case price target of $150, presenting an opportunity for investors to buy at a bargain price. City analysts upgraded the shares to neutral from cell, saying that a more than 50% slump this year quote has balanced out the near term risk reward. Denise. Thank you, Charlie. Higher close for stocks in Europe today, London's FTSE finishing fractionally higher in Paris to cac up four tenths of a percent in Germany the Dax up about 8 tenths percent. In Asia, the nikkei up almost 1% that hang sang up almost 8 tenths of a percent and the China CSI 300 down about four tenths of a percent. U.S. stocks finishing higher on signs from the fed minutes that policymakers might be able to ease their anti inflationary stance. Inflation replacing COVID apparently is the biggest disruptor to holiday travel some are discovering more. And that problem works Courtney aho. Flyers have likely paid more for their tickets than in recent years. According to search engine hopper, domestic fares are 10% higher than last year, travelers packing their passports and heading abroad are paying 16% more than last year, with round trip fares averaging around $828. Thank you, Courtney. And global do's 24 hours a day, on air and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts in more than a 120 countries. In the newsroom, I'm Denise Pellegrini. This
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"The people out there who are responsible for this, you will be caught. You will be caught. You will be brought to justice. Legendary weatherman, Al Roker is in the hospital with blood clots in his leg and lungs. On Instagram Roker said after some medical whack a mole, he's so fortunate to be getting terrific medical care and he's on the way to recovery. His fellow today anchor Savannah Guthrie said Roker is in good spirits. The latest official Scrabble players dictionary has 500 new words. Michael kasner has more. The first updated dictionary since 2018 include shorthands like guac, trademarks like dumpster, and nouns turned into verbs like torrented and adulting. The potentially highest scoring new word is faux hawk, a haircut similar to a Mohawk. The new words join more than 100,000 words of two to 8 letters, the official Scrabble players dictionary is the product of a long-standing partnership between game maker Hasbro and dictionary maker Miriam Webster. I'm Michael kassner. The furniture of French queen Marie Antoinette will be for sale to the highest bidder next week, a 250 year old chest of drawers owned by the 18th century queen could fetch over a $1 million and her cushioned armchair could be worth over $200,000. The vice president of Christie's auction house says these pieces are considered important even without their royal connections. The historic furniture will go on sale November 22nd in Paris. I'm Brian shook. And I'm Charlie pellet. At Bloomberg world headquarters. Stocks end a losing week with a gain amid light trading volume and ongoing fed warnings that there is more policy tightening to come. As head of U.S. rates strategy at societe general. What the message is from the fed is that they're steady. They wanted to stay the course on rate hikes. They want to keep policy tied for the remainder of next year. Until inflation starts to come down. Societe general. All of this in a week in which St. Louis fed president Jim bullard said policymakers should raise rates to at least 5 to 5.25%, Jim Bianco is the president of Bianco research. Where we are right now 4% interest rates might only be neutral and maybe Jim Muller is right and that's what we have to start thinking about that restrictive, sufficiently restrictive to use his phrase might be closer to 5 or 6 or 7% as opposed to thinking that rates are too high right now. Jim Bianco of Bianco research. A Bloomberg survey shows Wall Street's biggest bank see the Federal Reserve lifting its benchmark interest rates into 2023 to fight inflation and with more Bloomberg's Vinny Dow giudice. For now, there is broad consensus on Wall Street in predicting the federal raise the benchmark rate to about 4.5% in December and then to around 5% in March, from there forecast vary. It's a toss up on the so called terminal rate, no more it sees the loftiest peak anticipating the need to fight inflation will force the fed's benchmark to 5.75% in May, the highest in two decades. Bloomberg radio. The S&P 500 Index up 18 points up 5 tenths of 1% the Dow up 199 up 6 tenths nez stack up by one point. Global news 24 hours a day on air and on Bloomberg quick take power by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie palette this is Bloomberg. It's the big take from Bloomberg news and iHeartRadio. I'm west Kosovo. Today, what happens when a small, horror country, all of a sudden strikes it fantastically rich. That country, it's Guyana
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Bus as students returned to campus from a field trip in D.C., officials say the suspect killed three football players and wounded two others. Christopher Jones junior also a student has since been charged with murder the motive remains unclear. Former president Trump is expected to announce he's running for president again in 2024, nova southeastern university's Charles zelden expects Trump to go after Florida governor Ron DeSantis in the race. He's going after his perceived FrontRunner against him, which is desantis, and he's going to fight nasty and visibly. Trump has been calling the Florida governor Ron DeSantis. The U.S. Department of Transportation is ordering frontier airlines to pay out $222 million in refunds to customers the penalty is over significant scheduling problems during the COVID-19 pandemic. I'm Michael kasner. The news that completes your market day. This is the big headline that's catching investors attention. And the stories that make your business week. It wasn't inflation dead just a few years ago. Bloomberg businessweek. Weekdays at 2 p.m. eastern on Bloomberg radio. We have to be rational in terms of how financial conditions can evolve, how eventually we can get to a point that the Federal Reserve will perhaps entertain supporting growth in certain inflation. But that seems to be a little bit premature at this point. Chrome Schneider head of short term portfolio management at pinko, perhaps premature, however, right now in markets, people seem to be cheering the end of inflation at least at the end of inflation as it had been in terms of how hot it was. We got the second consecutive downside surprise, a good surprise when it comes to software than expected inflation in PPI coming in. Lighter than expected across the board coming in at 8% versus 8.3%. If you strip out food and energy, 6.7% as opposed to expectations for 7.2%, the response in markets quite clear, rally across the board S&P up 1.8% NASDAQ up quite a bit more. Almost 3% yields lower dollar weaker across the board, a more sanguine picture for people who want to take risk. Joining us now is someone who has a really critical view on the whole issue. You're in Timur, global macro director at Fidelity Investments, and Yuri and I take a look at this and I think about something that you wrote. Today I can sum up the outlook in only 14 words. I like this. The fed is solving for 2% inflation. The market is solving for the fed. Is this market entirely looking to the fed and a day like today is just betting the fed will not have to raise rates as high and keep them there as long. I think that's true. And I think the market is feeling more confident, if you will, that it can look past peak fed, whether that's 5% or 5 and a quarter or a four and three quarters, and onto a more neutral kind of zone that will presumably come after the peak, which will be early next year, and then towards 2024. So if that neutral zone is three and a half, and you put in the math of where the two year yield is, where ten year real yields are, you plug that into a discounted cash flow model, you get to the kind of levels that we're now seeing in the market. So I think the CPI and now the PPI reports give the market some confidence that finally we can look past this peak in the curve and onto a more sort of normal range of interest rates. And that's how you get from 14 or 15 times earnings, which was really kind of the fair value when the two year yield was at 4.7 instead of now in the low force and onto a 17 type of multiple. Whether we can get beyond that, of course, is the big question. Our market's overly rosy right now. I don't think the overly rosy, but that doesn't mean they have a lot more room to rally from here because at a 17 multiple, which is kind of where we are now, and that's assuming that earnings, of course, hold, which, of course, is a very big assumption. I think we've already discounted a return to some kind of normalcy in interest rates. So in order to get another leg up from here, I think that would have to be more visibly that earnings are not going to fall. And then the market can have some comfort in the denominator of the PE, but also the fed might start to throw cold water on this rally because what happens when stocks rally and bonds rally and the dollar goes down, financial conditions loosen, which is the opposite of what the fed wants to see during a tightening campaign because it once financial conditions to tighten. So another risk is that the fed will start throwing cold water on this rally. How much do you have to look to big tech? And I keep coming back to this. Because it's such a significant component of the overall index is if there isn't something more structural about how they operate that gives people confidence. Can we see the S&P end up positive next year versus where we are today? It's possible, but what I call the nifty 50, the big mega cap growth stocks. Those have been a powerful engine for the markets over the past ten years or so, right? They generate a lot of free cash flow, a lot of that cash flow that was extra was returned back to shareholders via share buybacks. And that financial engineering machine has been very, very rewarding for investors because it creates a high payout ratio, right
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"About two and a half percent after economic data pointed to slowing inflation. The Dow added more than 800 points to log its fourth straight weekly gain. At the closing bell, the Dow gained 828 points to 32 8 61. At least 6 people are injured after being shot outside of a funeral in Pittsburgh, police say it happened outside of the destiny of faith church this morning, a funeral was underway at the time of the shooting. The World Health Organization says tuberculosis cases and deaths are on the rise for the first time in years. Michael kasner reports more than 10 million people worldwide contracted the disease last year an increase of four and a half percent from 2020. The WHO also says there were more than one and a half million deaths partly due to an increase in drug resistant TB, the WHO says the COVID pandemic and ongoing conflicts have disrupted TB services, especially in Eastern Europe, Africa and the Middle East. Twitter's new owner says there will be no account reinstatements to the social media site right away. Elon Musk tweeted a content moderation council will be formed to evaluate the platform. He says it'll include widely diverse viewpoints. I'm Brian schuch. The Saudi Arabia back to live golf international series wraps up its inaugural season this weekend with its team championship at Trump national Doral. 9 11 justice president Brett eagleson can't forgive American players who joined live because of its money. Some golfers stated that they were just trying to provide for their families. Our brother Danny and 2976 others were just trying to provide for their families on that fateful
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Is Bloomberg radio. Now, a global news update. Authorities are investigating after several airport websites across the country were hacked on Monday, Mickey Concord, director of communications, the national cybersecurity center says this should serve as a reminder to protect your data and to be always careful visiting websites. Cybersecurity is often something that we as a society don't think about until it happens. And it's disrupting your airports or your commute. Officials said flights weren't affected, but major airports in places like Atlanta, Los Angeles, New York Denver and Chicago all reported partial or full shutdowns on their sites, its suspected that it was a coordinated attack by a pro Russia cyber group. G 7 leaders, including President Biden, will hold an emergency video conference with a Ukrainian president Vladimir zelensky today, comes after Russia, reportedly fired at least 84 rockets in 24 drones in the latest retaliation heavy hits on civilian targets. And MLB playoffs resumed today with all four division series getting underway. The action gets started in Atlanta with bray's take on the Phillies. I'm Michael kasner. The news that completes your market day. This is the big headline that's catching investors attention. And the stories that make your business week. It wasn't inflation dead just a few years ago. Bloomberg business week. Weekdays at 2 p.m. eastern on Bloomberg radio. The market is coming to terms with the idea that rates are going to go higher. And they're going to stay there for longer as well. The bit that the market is still playing around with is this recession. You know, a lot of people still thinking that soft landing is possible. We think it's very unlikely. And with recession, unfortunately does come. And expression. The global strategist at
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"The end of this weekend, but airports will still be packed. She's advising travelers to arrive at least 90 minutes ahead of their scheduled flight time. More than 13 million passengers are expected to pass through U.S. airports this weekend, Wall Street is closing with stocks lower to end a week of losses. The Dow Jones Industrial Average and S&P both finished the week with declines of more than 2%. The adoptive mother of the Parkland Florida school shooter called police on several occasions about her son Nicholas Cruz, former Broward sheriff's office detective Jeffrey Smith described one such incident at states the subject to complain it with the plasticos from a vacuum cleaner. Rescue was refused and subject is, meaning gone on arrival. Cruz pleaded guilty to 17 counts of first degree murder in October for the 2018 massacre. He faces the death penalty. The U.S. open is the place to be this evening, Serena Williams is looking to extend her stay at the tournament after winning her second round singles match on Wednesday. However, she and her sister Venus fell in straight sets last night to a pair of opponents from the Czech Republic. I'm Brian schuch. Monkeypox cases in the U.S. are decreasing. Michael kasner reports that's according to an NBC News analysis of data from the CDC, the 7 day average of new reported cases declined from a daily average of 465 on August 10th to 281 on August 31st. That's a 40% decrease. Experts believe the dip is mostly driven by falling case counts in large cities such as New York City in Los Angeles. They say much of that drop could be attributed to mindful change in behavior among those who are most at risk for the disease, which is men who have sex with other men. I'm Michael kassner. Intel says next Friday's groundbreaking ceremony involving President Biden in central Ohio will start at ten 45 in the morning. Intel is investing at least $20 billion in semiconductor fabrication facilities in new Albany, just outside of Columbus. You may have noticed that a new type of ATM is starting to pop up across California. You can now withdraw at crypto ATMs. Here's how it works. Mostly here in the state, those ATMs deal in Bitcoin. They allow you to exchange dollars for digital currency, financial analysts say these ATMs are being put in places where retail consumers who don't have a lot of information about investing like gas stations and convenience stores, but they are excited about cryptocurrency and want to get involved. I'm Phil farrar. The football that NFL Hall of Famer Joe Montana threw for his first touchdown pass for the San Francisco forty-niners is up for auction. But the man who caught it says it isn't the right ball. Former forty-niners tight end bob brewer says the real ball is in a box at his home in Texas. He says the ball he caught for Montana's first scoring pass as a pro has an adult beverage stain dating back to a party he hosted in the early 1980s. SCP auction says the ball it's selling is the one Montana through, and that it's the property of brewer's ex-wife, who got it in the divorce
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Com. Broadcasting 24 hours a day at umber dot com and the Bloomberg business app. This is Bloomberg radio. Now a global news update. A larger interest rate hike isn't out of the question for one top Federal Reserve official. Christopher Waller has said he supports a three quarters of a percentage point hike. However, he noted new economic data, including retail sales is due out before the fed meets next. The Senate minority leader is again blaming democratic spending policies for soaring inflation the $1.9 trillion so called rescue package passed last year in March without a single Republican vote. Kentucky Republican Mitch McConnell cited the massive COVID stimulus bill that President Biden signed. He said the democratic led Senate House and White House are continuing down the wrong path. Donald Trump's first wife Ivana is dead at the age of 73. The former president announced her death on his social media platform truth social, Trump said her pride and joy were her three children. Donald junior Ivanka and Eric. WNBA star Brittany griner will have another court appearance soon. Lisa Taylor has more grinder's appearance is set for what will be 3 a.m. Eastern Time in the U.S. on Friday, she is pleaded guilty to drug charges, but CNN says no verdict was reached in a hearing on Thursday, testimony from defense witnesses was featured as the director of the Russian team grinder is played for, praised her for lifting the spirit of her team. The Phoenix mercury star stands accused of having under a gram of cannabis oil in her luggage when she was arrested at the airport in Moscow back in February, griner faces up to ten years in prison. I'm Lisa Taylor, the police shooting of a young black man in Akron, Ohio now has the attention of the United Nations. Jalen walker was killed in a hail of gunfire last month after officer said he fired off a shot during an attempted traffic stop that led to a foot pursuit. Following his funeral services, attorneys for the walker family said a panel of experts from a UN division on racial justice and equality will be providing experts to look into the incident. I'm Brian shook. U.S. intelligence officials believe Iran might try to assassinate current or former senior American officials. Michael kasner reports it would be to avenge the assassination of the Islamic Republic's top military and intelligence commander. The Trump administration launched a drone strike that killed major general Qasem Soleimani in January 2020 while he was on a trip to Iraq, Iran has threatened revenge ever since then. The national counter terrorism center believes the threat of an attack is still high as President Biden is on his first trip to the Middle East as president. I'm Michael kassner. Authorities in southwestern Virginia say everyone is accounted for and there are no deaths after massive flooding hit the area over a hundred homes sustained damage. Governor Glenn youngkin declared a state of emergency after dozens were listed as missing. Single ride fares on the New York City ferry are going up, Natalie migliore has the details. Beginning on September 12th, we'll bump a single ride from two 75 to $4. The same cost is a single ride on city bike. The city's economic development corporation president Andrew Kimball says the NYC ferry forward plan allows regular riders to lock in lower prices by buying a ten pack for 27 50. Other New Yorkers could ride for even lower rates. While for a fair of a dollar 35 for our seniors, people with disabilities and New Yorkers who participate in the city's fair affairs program. I'm Natalie mcglory. New York. A man in southwest Pennsylvania is reliving his high school days after being reunited with his 1994 class ring. Tim smirk are told action news for he lost the ring 28 years ago while riding ATVs on a family farm in Somerset, southeast of Pittsburgh. Smart car says a family friend who'd been with them that day was walking on the property on the 4th of July when she spotted something shiny and dug it up. He says he's amazed. It's in such good shape and plans to have it cleaned. I'm Brian shook. And I'm Doug prisoner at Bloomberg world headquarters in New York. Let's check this hour's top business stories on the markets, South Korean chip maker SK Hynix is considering reducing its 2023 capital expenditures by about a quarter to total $12.2 billion. We are told this is in reaction to slower demand for electronics. China refrained from injecting funds into its banking system, the PBOC kept borrowing cost unchanged, given signs the economy may be recovering from a COVID induced slump. The rate on the one year was held at 2.85%, meantime China's Premier League had highlighted the risk of imported inflation, he stressed that grain and energy supplies are key and necessary to keeping prices in check. In the states, two fed officials seem to bring some relief to those worried about super aggressive rate hikes, fed governor Chris Waller and St. Louis fed bank president Jim bullard said they would back 75 basis point hikes this month as opposed to what had been talked about yesterday with a hike of as much as 100 basis points. Tomorrow brings a critical moment for U.S. markets as many option traders must decide their next move on hedging about $1.9 trillion worth of options are set to expire the choice here either roll over existing positions or begin new ones. We check markets every 15 minutes here on Bloomberg. Right now in Tokyo, the nikkei stronger by four tenths of 1%, although in Hong Kong, the hang seng is down 8 tenths of 1%, Shanghai composite off a tenth of 1%, in Sydney, the ASX 200 is down nearly 1.3% and in Seoul the Cosby is off two tenths of 1%. In terms of U.S. treasuries, yields are lower across the curve with the two year at three 11, a ten year at two 94. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. This is Bloomberg. This is Bloomberg law. A divided Supreme Court rejects a religious challenge. Tell us a little about the facts of the case. Either views would prominent attorneys in
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"This is Bloomberg radio. Now a global news update. President Biden says the choice is clear after the Supreme Court overturned roe V wade, talking with governors from states including New York and Illinois Biden said Americans need to elect individuals who will push to make row the law of the land in Congress. Biden said otherwise, Republicans will try for a national ban on abortions. WikiLeaks founder Julian Assange is appealing the UK government's decision to extradite him to the U.S.. Lisa Taylor has more. The appeal is the latest part of the story that began when Assange's website published classified U.S. documents. He faces 17 charges of espionage, and one charge of computer misuse, Assange has been in custody in the UK since 2019 when he was arrested for skipping bail in a different legal battle. His lawyer set Assange would face inhuman treatment in the U.S. and would be unable to receive a fair trial. Uber is releasing its latest safety report and the number of sexual assaults, according to the company it received just over 3800 reports of sexual assault and misconduct from 2019 through 2020. That's a 38% decrease from their prior report from 2017 through 2018. The decline coincides with the pandemic, which resulted in a drop in ridership, buying all the foods for that 4th of July cookout will cost about 17% more this year. That's according to the annual survey done by the farm bureau. That you're going to be buying perhaps for the hamburgers. You're also looking at things like eggs or really up compared to a year ago. Gary Joyner with the Texas farm bureau says this is all caused by high gas prices and inflation, which is driving up the cost of just about everything. Simone Biles and the late Steve Jobs will be among the latest recipients of the Presidential Medal of Freedom. Biles is a decorated Olympic champion and jobs cofounded Apple. They'll be honored in a White House ceremony next Thursday. I'm Brian shook. A Catholic Church in Kentucky is working to make amends with the LGBTQ community, Michael kasner explains St. Paul Catholic Church in Lexington held a service of apology to the community yesterday on the last day of Pride Month. Leaders at the congregation said they wanted to make up for the church's discrimination and lack of compassion toward the LGBTQ community. Multiple religious leaders spoke at the service about their journey toward acceptance in their lives, reverend Richard Watson called the service unprecedented within the region. I'm Michael kassner. Baltimore Ravens player Jalen Ferguson's death is being ruled and overdose from the combined effects of cocaine and fentanyl. The 26 year old was found unresponsive in his north Baltimore home last month. Ferguson's death was said to be an accident after an autopsy by a medical examiner's office. The outside linebacker was entering his fourth NFL season in Baltimore. He leaves behind his fiance and three children. A marker is being placed at a formally segregated middle Georgia cemetery, Matt McClure has more. The city of Jackson is recognizing a group of historical, black residents, the Jackson progress Argus, says that a plaque was unveiled during the city's Juneteenth celebration commemorating 100 people who were buried in unmarked graves. The plaque is in section ten of the Jackson city cemetery, the mayor said we don't know their names, but we do know their history and the price they paid. At the time, the cemetery was created, it was segregated and black and white graves were separated by a fence. That fence has since been long gone. I'm Matt McClure
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"To support President Biden for a second term Natalie migliori has more AOC isn't the only one Ron she's been committed The guy came put a sentence together We need change That's for sure Just anybody else at this point Speaking on CNN Ocasio-Cortez said she's focused on the falls midterm elections adding the president has a vision that she's willing to entertain and examine when the time comes Her comments come as The New York Times reports Democrats are eyeing the president's lagging poll numbers along with Americans concerns over inflation and rising gas prices I'm Natalie mcglory The national hurricane center is looking at the possibility of some tropical development this week but it's not expected to impact Florida The disturbance is currently off the coast of Central America and has a 30% chance of development over the next 5 days The outlook says the system is expected to drift northwest off the coasts of Nicaragua and Honduras A woman in India was killed by an elephant only to have the animals show up at her funeral to attack her corpse Michael kasner explains the 70 year old woman was killed by the elephant Thursday while collecting water from a well in her village Police say her family was performing last rites at her funeral pyre last night when the same elephant suddenly showed up trampled the body and threw it into the air before fleeing I'm Michael kassner The mystery machine from Scooby-Doo is being advertised on Airbnb and Shaggy himself is hosting in honor of the live action Scooby-Doo films 20th anniversary actor Matthew Lillard who played Shaggy is hosting overnight stays inside the iconic van The mean green mystery machine will be on the coast of Southern California and decked out with early 2000s decor all you can eat snacks plenty of games and a TV I'm Brian chuck And I'm Brian Curtis in Hong Kong Let's check this out with his top business stories and the markets US Treasury yields have posted their biggest two day jump in decades The action is roiling assets around the world in one of the strongest signs yet that the era of easy money is coming to an end It's all part of the fallout from the hot inflation reading that we got on Friday Asian equities are trading lower earlier U.S. stocks sold off and are now down more than 20% from their highs thus in a bear market Volatility surging and stocks tanking after The Wall Street Journal and later Bloomberg said that the fed was considering a 75 basis point hike this week JPMorgan and Jeffries and Barclays also all see a 75 basis point hike this week And that has traders worried about recession Morgan Stanley's CEO James Gorman says the odds of a long recession though may be lower than you think We're unlikely at this stage to go into a deeper long recession It's possible we go into recession obviously Probably 50 50 odds now but that's okay Gorman says he's more focused on non financial perils such as the possibility of cyberattacks due to geopolitical tensions In earnings news Oracle had very strong results and gave it better than expected forecast It suggests the effort to move its customers to the cloud is gaining momentum Also its acquisition of healthcare records providers Cerner will help accelerate growth in the stock gained 14% in after hours All right let's check the markets in the Asia Pacific We do so every 15 minutes on Bloomberg the Hans index is down 1.4% the nikkei down 2.2% the yield on the two year is at 3.39% and that's higher than the yield on the tenure at 3.37% Global news 24 hours a day live in a Bloomberg quick take and were brought to you by 2700 journalists around the world In Hong Kong I Brian Curtis this is Bloomberg This is Bloomberg law A divided Supreme Court rejects a religious challenge Tell us a little about the facts of the case Interviews with prominent attorneys in Bloomberg legal experts My guest is former federal prosecutor Jimmy Carole joining me as Bloomberg law reporter Jordan Rubin And analysis of important legal issues cases in headlines The Supreme Court takes on state secrets multiple lawsuits were filed against the emergency rule Is this lawsuit for real Bloomberg law with June Grasso from Bloomberg radio Welcome to the Bloomberg law show I'm June Grasso a head in this hour holding law enforcement accountable The Supreme Court has raised the barrier to sue law enforcement part of a continuing trend but a group of Olympic gymnasts and other women are trying to hold the FBI accountable with a $1 billion lawsuit The.
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"40 year high More than 19 million people tuned in for the first prime time hearing of the January 6th House committee that's according to preliminary ratings from the Nielsen company speaking at the port of Los Angeles President Biden called the capital assault a brutal attack on law enforcement and the constitution It's the same forces that led January 6th remain at work today It's about our democracies the South Texas school district police chief accused of delaying too long before confronting a gunman inside a classroom is swearing He tried to save lives He valdi consolidated ISD police chief Pete arradondo tells the Texas tribune all he needed was a key to get into the raw elementary classroom last month He says he didn't bring any of his radios into the school because he thought they would slow him down Added onto ads he thought some other police officer would run the operation and figured he'd just be a responder Zack to spart from the Texas tribune says the chief reported they weren't just waiting around He said that while they were searching for a key that would work that he directed officers to evacuate the other classrooms that they could have access to And he credited that action with protecting about 500 people I'm Lisa Taylor Cal fire officials say PG&E had an excessively delayed response that contributed to the initial spread of last year's Dixie fire in Northern California a final report issued on the wildfire said PG&E was too slow reacting to a malfunction on one of its power lines near the cresta dam east of Chico The family of WNBA star Brittany griner is calling on the Biden administration to take action to free her and bring her back to the U.S. The Olympic gold medalist has been detained in Russia since mid February when marijuana vape cartridges were allegedly found in her luggage at the airport I'm Brian shook Thousands are preparing to hit the national mall tomorrow in Washington D.C. for the March for our lives Michael kasner reports the march comes after multiple mass shootings recently across the country including Thursday in smithsburg Maryland It's four years after the inaugural march following the Parkland Florida shooting in 2018 tomorrow's event will be held at the Washington Monument beginning at noon the group is also leading marches in communities across the U.S. on Saturday I'm Michael kassner Authorities are investigating the drownings of two teenage brothers at a pool in New Jersey It happened this week at Lincoln community school in Bayonne According to the Hudson reporter witnesses and three lifeguards on duty noticed the 16 and 19 year olds appeared to be in distress in the deep end of the pool one of the lifeguards noticed they were unable to resurface from under the water and the three lifeguards went in to pull them out A Georgia hospital system is in big trouble for not properly disclosing its prices Liz Kennedy reports the federal government has fined northside hospitals flagship location in Atlanta and its Cherokee hospital in canton for more than $1 million.
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Prince Harry and duchess Meghan spent time with Queen Elizabeth on Thursday It's the first time Meghan Markle is believed to have been in the UK since 2020 The duke and Duchess of Sussex who famously stepped away from their royal duties and moved to California visited the queen at Windsor Castle on their way to the Netherlands for the invictus games A Michael kasner And I did these Pellegrini in the Bloomberg newsroom Finland and Sweden are signaling their considering joining NATO as we've been reporting in Russia is warning the two countries from joining threatening military action if they do State Department spokesperson Ned price says NATO is a stabilizing alliance in Europe NATO is a defensive alliance that is there to defend and to fortify And price also says the State Department hopes to reestablish a diplomatic presence in Ukraine The mission is currently in Poland Elon Musk says he's not sure he'll be able to buy Twitter but he's trying Even for the world's richest person $43 billion is a steep price and Musk may need a massive loan to acquire Twitter according to some analysts Some other buyout news as well ricketts led group is withdrawing its bid to buy Chelsea football club And the Dallas space golfing chain club corp is considering an IPO So as to say this could value Apollo global management's club corporate four and a half $1 billion club carp owns and operates hundreds of gulf country and sports clubs across the country And Ben gurdon's continue next up Bank of America in the coming week Nadia lavell is senior U.S. equity strategist at UBS financial services She says one question is are the banks prepared for some type of economic downturn or economic shock We are a bit concerned for our potential for our credit quality to creation we're seeing some of the major banks start to build back up reserve for credit losses again for the first time since the early days of the pandemic So this is something that we're going to closely watch Also says she's cautiously optimistic on the overall earnings season And China taking more steps to increase liquidity the PBOC cutting its reserve requirement ratio by another 25 percentage points That's for most banks and also leaning on banks.
Bloomberg Radio New York
"michael kasner" Discussed on Bloomberg Radio New York
"Reason to doubt Russian claims that they've taken over the largest nuclear power plant in Europe The official believes there's no radioactive leakage at the plant and fires in nearby buildings are no longer burning The U.S. is reportedly deeply concerned about what Russia's intentions are with the plant after taking control The White House is rejecting any calls to assassinate Russian president Vladimir Putin over the invasion That is not the position of the United States government and certainly not a statement you'd hear Come from the mouth of anybody working in this administration Press secretary Jen Psaki said the policy of the U.S. government does not include assassination or regime change South Carolina Republican senator Lindsey Graham called for Putin's assassination this week but then backtracked saying Putin should be arrested The Dow Jones Industrial Average is marking its fourth losing week in a row as the fighting continues in Ukraine despite a strong jobs report the uncertainty of the war in Eastern Europe caused concern for investors once again at the close of the Dow lost a 179 points to 33 6 14 Stocks listed in Russia or those treating that country as a permanent home will be removed following Russia's invasion That's according to the keeper of the Dow Jones and the S&P 500 The nation is seeing some big job gains Michael kasner reports federal officials revealed 678,000 jobs were added in February That's better than expected and the unemployment rate fell to 3.8% of bureau of labor statistics as industries including leisure and hospitality led the way professional and business services saw gains and so did healthcare employment numbers are also getting closer to level seen two years ago before the pandemic hit Los Angeles Dodgers pitcher Trevor Bauer is filing a defamation lawsuit against sports news website dead spin Bauer claims the outlet knowingly published false information when covering sexual assault allegations made against him last year I'm Brian schuch New York City is dropping two big controversial coronavirus related mandates starting on Monday Scott Pringle reports after pointing to a 0.18 coronavirus positivity rate in the school system mayor Eric Adams announced that students in K through 12th grades no longer have to wear masks We want to see the faces of our children We want to see that smiles We want to see how happy they are We want to see when they're feeling sad so that we can be there to comfort them and the mask preventing us from doing so for almost two years However masks are still mandated for children under the age of 5 in pre-K Meanwhile businesses will no longer have to check customers vaccine status unless they choose to do so the mayor is lifting the vaccine mandate for indoor dining gyms and indoor entertainment facilities A new study says COVID-19 recovery spending has not been environmentally friendly The analysis done by Johns Hopkins University looked at how more than $14 trillion in recovery funds have been spent by G 20 countries Analysts found less than $1 trillion was spent on programs that directly or indirectly cut emissions They said nearly 3% of spending went toward activities that are likely to increase global emissions such as subsidizing the coal industry The number of incidents involving white supremacist propaganda in California are on the rise The anti defamation league says a 152 white supremacist propaganda cases were reported last year in California the propaganda distributed included flyers posters stickers and graffiti with racist anti semitic and anti LGBTQ messages nationwide some 4800 cases were reported in 2021 down from the more than 5000 in 2020 I'm Eddie McCoy Disney is announcing plans to launch a cheaper subscription tier for its Disney+ streaming service The ad supported tier will be available in the U.S. later this year Disney did not announce pricing for the new offering I'm Brian schuch And I'm Charlie palette At Bloomberg world headquarters A down Friday a losing week as well stocks declined as concerns at war risks are intensifying roiled global markets Investors look past a better than expected jobs report with the U.S. economy adding jobs at a record pace in February a gain of 678,000 the most since last July At the economic policy institute president Heidi shareholders had this reaction This was an extraordinarily strong report I mean I slacked my colleagues immediately when I saw the numbers this way This is just an astonishingly strong recovery We have now regained more than 9 out of every ten jobs that were lost Heidi shareholders of the economic policy institute The jobless rate at 3.8% in February is close to its 2019 average Sarah house is senior economist at Wells Fargo securities Overall this was a really strong report So obviously we had much stronger growth in terms of payroll numbers that was broad based across sectors We also had an increase in the work week and so I think that points to growth here in the first quarter certainly being stronger than what was generally expected Sarah House of Wells Fargo as for inflation and the Federal Reserve premises global head of rates strategy at TD securities I think we're absolutely going to get a few hikes But is can the fed pause once they get reached to 1% one and a half percent We're actually arguing that the fed is going to pause at that point and reassess free MSA of TD securities Today the S&P was down 34 points down 8 tenths of 1% The Dow dropped 180 down 5 tenths NASDAQ down 224 down 1.7% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie palette This is Bloomberg.