17 Burst results for "Michael Kassner"
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Border in El Paso, Adam said Sunday, cities like New York and El Paso are carrying the whole financial burden, he called on the federal emergency management agency to coordinate assistance and funding to cities, taking in migrants processed by U.S. border authorities. California is bracing for another round of snow and rain this month storms across the state have already claimed at least 19 lives. Some areas have already received their annual rainfall in the last two weeks with sinkholes and mudslides appearing in many areas. All 72 people aboard a passenger plane are feared dead after it went down in Nepal. Molly hunter, with more details. It was meant to be a routine 27 minute trip from Kathmandu to bukhara, but crashing just a mile from its final destination, the new international airport in the popular hiking city of pucara. Local media reports say there are no survivors among the 68 passengers and four crew members who were on board the Yeti airlines flight that included 15 foreign nationals. The FAA is investigating a near miss incident involving two passenger planes at JFK airport in New York, Kathy park with the latest. No one was hurt in the incident, but the Delta flight returned to the gate where 145 passengers and 6 crew members deplayed. A Delta flight taking off was forced to stop midway because an American Airlines playing crossed the same runway. I'm Michael kassner. In Indianapolis man is accused of threatening a member of Congress, Jonathan reaser, allegedly sent threatening messages to democratic U.S. representative Eric swalwell of California, swalwell tweeted a screenshot of the purported message on Friday, razor has since been fired from his job as a manager at patient's choice laboratories. A Texas congressman is worried the issue of border safety and security will get blended in a proposal on Capitol Hill. In particularly concerned with this border safety and security act appearing on Fox News Sunday, representative Tony Gonzalez stated the act would turn away all migrants at the border if the secretary of Homeland Security doesn't have operational control. The Texas Republicans stated what he described as banning asylum was not the American way, and taking things one step too far. A school in Maryland's prince George's county is apologizing to families after a teacher reportedly inadvertently sent out sexually explicit photos to the entire student body. Trey Thomas reports. Doctor Henry a wise junior high school sent a letter home to parents Friday, saying the photos were accidentally sent out in an email to all students. The principal explained they tried to retract the correspondence, but some students were able to see it. They're asking those who did receive the email to stop sharing the photos. The school says steps have already been taken regarding the employee. There are new calls from Madison Square Garden in New York City to get rid of its facial recognition technology. Lisa Silva with more. Manhattan states senators Liz Krueger and Brad hoylman claim it's an invasion of privacy. They join city officials and privacy advocates outside the arena to protest the use of the technology. They claim MSG owner James Dolan uses facial recognition only to keep his adversaries out. Welman said a member of a law firm working on a lawsuit against MSG entertainment and booted from a rangers game recently with the fourth fan to be removed. And I'm Scott Carr from the Bloomberg newsroom shares our mixed in Asia after Wall Street benchmarks and at last week on a high note markets fell in Tokyo and Hong Kong, but advanced in most other major markets. Stocks closed higher Friday on Wall Street as earnings reporting season got underway and CEOs began to show how well or poorly their navigating high inflation and a slowing economy. The S&P 500 rose .4% after erasing an earlier loss, the benchmark index closed out its best week in two months and is holding onto a 4.2% gain for 2023 so far. The S&P 500 is technically still in a bear market, but a closer look below the surface shows that most of its stocks are in the midst of a rally, Bloomberg susannah Palmer has more. While the benchmark is down 17% from its record high set on January 3rd of 2022, about three quarters of the stocks in the index are up 20% or more from their 52 week lows. That, according to data compiled by Bloomberg. So why isn't the S&P 500 a whole lot higher? Well, you can blame it on the ugly performance of a handful of technology related stocks. Apple, Amazon.com, Tesla, Microsoft, and meta platforms whose massive market values give them greater influence over the index that is weighted by market cap. They are responsible for nearly half of the S&P 500s losses over the past 12 months. Susanna Palmer, Bloomberg, radio. People worldwide are more gloomy about their economic prospects than ever before, and trust business far more than governments, nonprofits, and the media. That's according to a survey from public relations firm Edelman released a coincide with world economic forums gathering of business elites and government leaders this week in Davos, Switzerland. The online survey conducted in 28 countries shows fewer people believe their family will be better off in 5 years hitting all time lows in 24 nations. Of course, tax filing season begins in about a week and the IRS is promising a better experience for taxpayers. Bloomberg's Courtney donahoe has more. The IRS
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Putting stress on travelers. It's been crazy preparing for this delay. You can never be ready for it. But hopefully everything goes well. I am exhausted. The mall of America is lifting its lockdown following a shooting on the property Friday night. Fox 9 Minneapolis is reporting one person was killed with two shot inside them all, Bloomington police tweeted that the shooting scene was secured. Twitter's rolling layoffs are continuing this week, Michael kassner reports just days before Christmas, a former Twitter employee told CNN the layoffs saw the company's public policy team whittled down to about 15 employees that team would work with advisory groups like the Twitter trust and safety council that was disbanded earlier this month before new owner Elon Musk took over the public policy team employed over 60 people, must let go of around half of Twitter's employees last month. Michael kassner reporting a Los Angeles jury says rapper Tory lanez is guilty of shooting fellow musician Megan Thee Stallion. She was shot in her feet back in 2020 during an argument at a Hollywood Hills home. Lanes whose legal name is day star Peterson was immediately taken into custody. He faces over 20 years in prison. I'm Brian shook. A New York City councilwoman is demanding shelter improvements after a second suicide by an asylum seeker, Kessler reports. Julie win, a queen's council member says the city has to do more to connect traumatized asylum seekers to mental health support John Ortega a married 26 year old from Venezuela committed suicide in a city run shelter in Queens last week, a migrant mother took her own life in another queen shelter in September, New York has already received more than 30,000 migrants from the southern border and is expecting a thousand a week if title 42 is lifted. I'm Sara Lee Kessler. A verdict ordering conspiracy theorist Alex Jones to pay more than a $1 billion as part of a defamation trial will stand. Yesterday a superior court judge in Connecticut rejected Jones post trial arguments that the $1.4 billion in damages should be lowered and a new trial should take place. Jones attempted to argue the total of the damages awarded to the families of those impacted by the sandy hook school shooting was based on emotion. Some big musical stars made it on this year's Oscars list, more from Liz Warner
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Now a global news update. Nicole is fast approaching Florida's east coast after making landfall as a category one hurricane in The Bahamas. The national hurricane center said the storm touched down on grand Bahama island, maximum wins are estimated to be about 75 mph with dangerous storm surge. Russian forces are withdrawing from a key city in Ukraine, President Biden spoke about the development. First of all, I found it interesting and they waited till after the election to make that judgment. Which we knew for some time that they were going to be doing. And then 7 this is the fact that they have some real problem. Russia, the Russian military. According to Reuters, the defense minister ordered troops to withdraw from kirsan in the southern part of the country. Arizona election officials say tens of thousands of ballots have just been sent to tabulation one official said there was a record amount of early ballots dropped off yesterday and they were working on verifying those ballots last night. The official said once the verification process is complete those ballots will also be sent for tabulation. South Carolina's senior senator is commenting on the lack of a projected red wave in the midterm elections. Scott kimbler reports senator Lindsey Graham seems to be a little taken aback that Republicans gained ground but did not flood into power as some thought they may. Definitely not a Republican way. That's for darn sure. Graham speaking on NBC despite that, he's confident Republicans will win the majority in the Senate. Right now that's an open question as there are still key races to decide in states like Arizona, neighboring Georgia and Nevada, the best chance appears to be for the Republicans taking the lead in house races. The life story of Snoop Dogg is coming to life at Universal Pictures, snoop will serve as a co producer to his biopic. The rapper says he's waited a long time to put this project together because he wanted to choose the right director perfect writer and greatest movie company he could partner with. I'm Brian shook. A new survey shows a large percent of young Americans are struggling with mental health issues. Michael kassner reports the survey by harmony healthcare IT found 42% of Generation Z adults started dealing with mental health conditions soon after the pandemic started in 2020. It found many were diagnosed with anxiety, depression, and other disorders during the lockdowns, survey also found 85% of Gen Z adults say they are worried about the future because of their personal finances, the environment and polarized politics and nearly 90% believe their generation is not set up for success. I'm Michael kassner. Actor Warren Beatty is being sued for allegedly coercing sex with a minor in 1973, a lawsuit filed in Los Angeles alleges Beatty, coerced Christina Charlotte hirsch into having sex with him when she was 14 years old. The lawsuit doesn't cite Beatty by name, but identifies the defendant as a nominee for the Academy Award for his role as Clyde in Bonnie and Clyde, which is a clear
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"A few seconds to say goodbye. It's very calm. It's very moving and The Crown, the queen's crown, is sitting on the coffin. It's absolutely beautiful. This is King Charles pace his first visit to Northern Ireland since ascending to the throne his mother's casket will be taken by Hearst two Buckingham Palace ahead of a royal procession Wednesday. The Justice Department says it will accept one of former president Trump's proposed candidates to serve as an outside expert to review classified records seized from Mar-a-Lago. If you plan to travel by rail, take note, Amtrak has started cancel some long distance routes this move comes as news that the first national railroad strike in 30 years could start this week I'm Michael kassner. When the market day begins with chemistry, tell Kate, you're a form this morning. You can come on a reaction. So then why do you say the doubt doesn't matter? I'm sorry sarcasm. Bloomberg surveillance. Bloomberg radio. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. And I'm carrot Moscow, futures on the rise this morning. We go to the first word breaking news desk for today's morning call and here's Tatiana darier Tatiana good morning. In a futures are higher this morning with all major averages pointing to gains of about half a percent and treasuries are also rallying the ten year yield down four basis points to three spot 32%, looking across asset oil is up 1% and the dollar is weaker for a third day. On the economic front today, we have CPI data at 8 30. In early trading this morning, UBS up 1% after planning to raise its dividend this year and likely exceed a buyback target and fashion rental company rent the runway plunged 22% after reporting an unexpected drop in subscribers regarding earnings Oracle is up two after its numbers and in other news analysts have slashed their oil forecast for the rest of the year amid recession concerns, Morgan Stanley, UBS, both sea crude $15 slower in the near term and wrapping things up here Adobe was cut to market perform at BMO live from the first in breaking news desk. I'm Tatiana Daria Karen. All right, Tatiana, thank you, and your lie breaking news over your Bloomberg type squawk on your terminal sq a WK and as a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world, Michael. Karen, thank you very much. A final farewell from Scotland to their longest serving monarch stream of visitors believed to be a mile long lining up to pay their last respects as Queen Elizabeth II lies in rest in Edinburgh for 24 hours. The queen's coffin will later be taken to London to lie in state for four days. Ukrainian troops continue to pile unrelenting pressure on retreating Russian forces. They are seeking to hold on to their sudden momentum. That has produced major territorial gains. Monday Night Football to Seahawks upset the Broncos 1716 in baseball the mets lost to the cubs 5 two, the Giants won. 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 Karen. All right, Michael Barr, thank you. It is 6
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Terms that severely limit its marketing and sales practices. I'm Michael kassner. Market analysis that goes beyond the ordinary. Again, I learn another function for Matt Miller today. Bloomberg markets with polls weenie and Matt Miller. Why is this stock so unloved? Weekdays at 10 a.m. eastern on Bloomberg radio. We've moved from a world where in the last two or three months, we've been worried about a U.S. led global recession to now one where the combination of European problems with energy and China weakening is now the more significant problem. British cast him in a JPMorgan did not sound constructive on the global economy Lisa. What's the weather yesterday? I think it's fair to say. Yeah, and you tried to start trouble by recommending Marco Kalani back. And I just wondered whether they'd had a conversation. Kind conversation. Perish the one was on the economy and how bullish the other is. On the equity market, necessarily have to be the same thing as we know, the economy is not the stock market Kelly. You know that too. Yeah, it's proved it time and time again. But I wonder if those two things are going to come in this case. Eventually. I wasn't suggesting they go for lunch. Good job, they want features down attempt and 1%. It's a free world parameter. And a little more than a tenth of 1%. Marco's welcome any time. Yields down a basis point. Never comes on. Three 33. On a ten year on a ten year right now, three 33. There we go. Coming back by a couple of basis points on a ten year yield. Pretty good to win this with a charter today. Morning, credit. Well, good morning, John. The story of the day has to be that currency strengths are seeing in the dollar around the flip side. You're also seeing that fixing on the Chinese you want and that's crucial as we talk about this race for a stronger currency between really the two largest economies in the world, which kind of rings a familiar bell, one of the trade war, perhaps for my chart of the day for our radio audience here. We're looking at a histogram of Chinese exports to the United States. It is shrinking for the first time in two years. The last time we were in negative territory, it was early 2020, mostly 2019. That was a trade wartime tariffs really hurting that prospect, but keep in mind, this is priced in dollars now. So if you actually were to convert this, for example, into the Chinese yuan, pick your pick your phrasing, that would actually be a positive number. Which once again really speaks to the currency strength you are starting to see affect the trade picture, what happens when you start to see those exports decline even further on a year over year basis. And that actually exacerbate the supply chain issues into the currency issues you're already seeing. John, that's going to be the question. Could he thank you on somebody FX story there? Credit Gupta. It's been fascinating to go over the cross current in this FX market. And H this morning, dollar China, 6 99 20 getting closer and closer to that 7 handle. Joining us now a man who knows more than something about China, tamale, the chief economist for Bloomberg, economics. Tom, I want to start here. A lot of people approach the Chinese economy as a situation that they control, that they can just flick a switch, COVID on, lock down on, lock down off, do all of that. We're okay. We struggle. We're okay. We struggle, but ultimately, it's up to them. How much are some of the forces that have been unleashed in the Chinese economy this year? How much of it is out of their control? So I think what we're seeing right now, Jonathan, is the limits of China's state control. We're seeing that in COVID zero, where the new, more infectious variants of the virus slipping through China's grip, forcing them to lock down entire cities to maintain their COVID zero strategy. And we're seeing it in real estate as well, where yes, China's policymakers retain tools to offset or prevent the worst outcome of a crash and financial crisis
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Siegel. Former president Obama is among the winners of this weekend's 2022 creative arts Emmy Awards ceremonies in Los Angeles, Michael kassner has more. A fish that can walk. Surfing hippos want to catch the waves. Awards were presented in 45 categories for reality, documentary, and non fiction programming. Obama won for outstanding narrator for the 5 part Netflix documentary series, our great national parks, nominees included Lakers legend Kareem Abdul-Jabbar, Julie Andrews, and the late actors Chadwick Boseman and Jessica Walter. I'm Michael kassner. Mayor Lori Lightfoot is calling out Texas governor Greg Abbott after another group of migrants arrived in Chicago. Only days after the first wave appeared, Perry Williams reports. The mayor says she's frustrated with Abbott for not collaborating and cooperating with the city to provide any support. Instead of us having to guess, are they coming? Are they not coming? How many? What are their needs? That is insanity that doesn't have to happen. He is manufacturing a human crisis and it makes no sense to me. Abbott says he'll continue sending undocumented immigrants to sanctuary cities like Chicago, New York and D.C. until the federal government secures the border. I am Perry Williams. Justice throngs of people pack the beaches to beat the heat in Southern California several shark sightings were reported over the weekend. Great whites were spotted in the water off Tory pine state beach and Solana beach Sunday, shark experts say great white shark nurseries have recently moved south to San Diego county. They add that juvenile sharks can be 6 to 8 feet long and tend to swim close to shore. The latest COVID booster shots should be widely available soon after approval by the FDA and CDC. Doctor Richard besser told ABC this week, he's very confident that the boosters will be extremely effective in combating virus sub variants faster is a former acting director of the CDC. I'm Brad Steve. And I'm Erica Hurst, Cohen from the Bloomberg newsroom. OPEC agreed to make a token oil supply cut for October, a surprise move that
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Awaits President Biden, as he'll visit both Wisconsin and Pennsylvania, Josh Shapiro is the democratic nominee for governor in the Keystone state. He was asked whether Biden visiting Pittsburgh helps or hurts him. I don't take my cues from what goes on in Washington, D.C.. I take my cues from Washington county, Pennsylvania. That's the folks I listen to. And I'm focused on state issues in this state race and trying to lead Pennsylvania forward. The White House says Biden will deliver remarks today celebrating Labor Day in the dignity of American workers. It's the third time he's visiting the Commonwealth in a week. Biden is increasing his domestic travel schedule, as midterm elections are just over two months away. Gas prices are holding steady as the busy summer travel season comes to an end this Labor Day. Triple-A reports the national average for a gallon of regular remains unchanged at three 78. That's down from three 85 a week ago, but up from three 18 a year ago. The highest price in the country is in Hawaii at 5 2080 gallon, the lowest price can be found in Arkansas at three 26. The United Kingdom has a new prime minister Michael kassner reports. The Conservative Party announced today that foreign secretary Liz truss will take over the position Boris Johnson said he was stepping down nearly two months ago after a series of scandals, trust defeated former finance minister Rishi sunak in a vote held by the Conservative Party, Queen Elizabeth II is expected to meet with trust in Scotland tomorrow, trust takes office facing a cost of living crisis that has seen energy costs and inflation soar recently in the UK. I'm Michael kassner. NASA says the next possible launch date for Artemis one might not be inter October, the launch was scrubbed twice last week due to two different fuel leak issues, the current launch period wraps up tomorrow, but NASA administrator Bill Nelson says there's no plan to pursue another flight during the current period. The rocket will undergo extensive fuel
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Now a global news update. Police in Mississippi say a man is in custody after stealing a plane and threatening to crash it into a Walmart. Tupelo police chief John qaka said the suspect led authorities know of his plan soon after the theft. Patterson from the aircraft caused Lee county 9-1-1 to tell them that he is going to crash this aircraft into the west main Walmart in tupelo Mississippi. Negotiators were able to make contact with him, but he aborted a landing at the tupelo airport and kept flying. They were able to reestablish contact with him in the pilot confirmed he had landed in a field. In addition to charges of grand larceny, qaka said federal charges are likely coming. NASA's administrator is refusing to put a timeline on when the Artemis one moon rocket could be sent into space. We'll go when it's ready. We don't go until then. Bill Nelson said it could be pushed back into October if Artemis has to be put back into the vehicle assembly building. NASA cited a hydrogen leak as the reason why the rocket didn't blast off today from Florida. Russians are honoring the life of former Soviet leader Mikhail Gorbachev. He was the last leader of the Soviet Union before it collapsed in 1991 and he died Tuesday at a Moscow hospital. Today, thousands attended his public open casket before he was buried at a famous Moscow cemetery. Additionally, Russian president Vladimir Putin didn't attend the memorial service, citing his busy schedule. Former president Obama is praising Serena Williams after she lost in the U.S. open. Obama took to Twitter to congratulate Williams for her heart, skill, intelligence, dedication, and grace. He also said few other athletes have inspired people in the way she has. The 40 year old tennis legend lost to Isla Tom janovich in three sets on Friday. This comes a month after she announced her retirement from tennis. After the match, Williams cried happy tears and said it's been the most incredible ride of her life. I'm Julie Ryan. A new poll shows a majority of registered voters think the FBI search of Donald Trump's Florida home was justified. Michael castner reports. Wall Street Journal polled about 1300 registered voters last month and found opinions about the FBI raid at Mar-a-Lago were divided by party lines of 52% majority of those polled agreed with the statement that the FBI search was part of a legal and proper investigation to determine whether former president Trump was involved in any wrongdoing four out of 5 Republicans, however, agreed that the raid was part of a witch hunt by Democrats and the Biden administration. I'm Michael kassner. The unemployment rate is on the rise even as the nation adds 315,000 more jobs. Lisa Taylor has more. It's up to 3.7% last month, which is higher than expectations. The increase comes as the labor force participation rate jumped by three tenths of a percent, it now sits at just below 62 and a half percent. I'm Lisa Taylor, the TSA is giving travelers tips to ensure a stress free trip through airport security this Labor Day weekend. Natalie migliore has more. You do not expect to set any records this week. And although, indeed, talk about it at airports. TSA spokesperson, Lisa farbstein is advising travelers to arrive at least 90 minutes ahead of their scheduled flight time. Farbstein says TSA crews are fully staffed and ready to keep people moving through security, but it's always smart to pack your patients. This as passengers have been experiencing flight delays all year, more than 13 million travelers are expected to pass through U.S. airports this Labor Day weekend, roughly 2 million of them will be in airports across the dry state. I'm Natalie migliori. Britney Spears is Florida condo is on the market. On Wednesday, realtor dot com reported that the pop star's three bedroom 3600 ft² waterfront condominium in Destin on the Florida Panhandle is now on sale for $2 million. Spears bought the penthouse spread for $920,000 back in 2001. I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Long Island railroad service has resumed after it was suspended this morning when a train struck a vehicle on the tracks according to the railroad, one person died in that accident. The allied double R said service on the port Jefferson branch was suspended in both directions between hicksville and Huntington shortly before 7 a.m.. We're hearing CVS Health corp is nearing a deal to buy home health and technology services provider signify health for about $8 billion. Our source says the company could announce a deal as soon as next week. That would value signify it more than $30 a share. A final agreement hasn't been reached and signify good still receive and accept a competing bid or decide to remain independent. Spokespeople for the companies declined to comment. New Jersey commuters will be waiting a long time for another rail tunnel under the Hudson as we hear from Bloomberg's Larry koski. Susanna officials overseeing the project now say the new tunnel won't be in service till 2035, and is now expected to cost more than $16 billion. That's up 14% from last year, including finance charges. The plan is to seek more federal aid to cover the rising cost. Major construction won't even start until mid 2024, one year later than previously planned. Susanna, Bloomberg's Larry koski. The TSA is telling Americans to be patient at the airports during this Labor Day weekend. TSA spokesperson Lisa farbstein says travelers should arrive at least 90 minutes ahead of their scheduled flight. Farbstein says TSA crews are voiced after and ready to keep people moving through security, but she's cautioning passengers to bring plenty of patients in case of flight delays, which have been a common issue this year. Citigroup joined rivals in trimming the ranks of its mortgage workforce or a source of saying fewer than 100 positions were cut. 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 Suzanne Palmer. This is Bloomberg. This is balance and power with David Weston. Iraq is no longer
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Korea. I'm Michael kassner. Market analysis that goes beyond the ordinary. Again, I learn another function from Matt Miller today. Bloomberg markets with polls we need and Matt Miller. Why is this stock so unloved? Weekdays at 10 a.m. eastern on Bloomberg radio. And I'm Karen Moscow, and futures this morning are on the Raj this morning with S&P futures up about 13 points down features of 67 and NASDAQ futures up 68. And we check the markets every 15 minutes throughout the trading day on Bloomberg, the Dax in Germany is up one and a quarter percent this morning. Can your treasury down 7 30 seconds yield 2.73%, the yield on the two year 3.10%. Nymex crude oil is up 8 tenths of a percent or 79 cents and $91 45 cents a barrel. Co makes gold at 1.2% or $21, 60 cents is 1798 ounce. The Euro 1.0195 against a dollar, British pound, 1.2193, and the end this morning, one 34.17, watching Bitcoin, it's down 2.1%. It's a $22,850. That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael. Karen, thank you very much. House speaker Nancy Pelosi met with the South Korean counterparts in soul to reassure a strong alliance between the two countries. It comes as China conducted military exercises around Taiwan in response to Pelosi's visit. Flags are at half staff at the U.S. capitol after an Indiana congresswoman was killed in a car crash. Republican Jackie warski, who was 58, died in the accident in northern Indiana, along with two of her staffers. In baseball, the Mariners beat the Yankees 7 three. The mets beat the nationals 9 5. The Red Sox and giants lost. The Orioles and a's one. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts and more than a 120 countries, a Michael
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Since Russia invaded 8 weeks ago four buses managed to carry evacuees to safety yesterday This comes as the U.S. issues more sanctions on Russia Residents in northern Arizona are fleeing their homes as a wildfire rages out of control northeast of Flagstaff More from Mark Mayfield The eternal fire tripled in size Wednesday and so far has burnt nearly 20,000 acres of pine forest County officials say over a dozen homes have been destroyed and more than 2000 residents have had to evacuate Over 260 firefighters are working to control the blaze which is being fueled by gusty winds The national weather service has issued a red flag warning for parts of northern Arizona today because of strong winds Medical bills are sky high as it is but a new report says some people are paying for bills They don't even know That was the most common debt collection complaint last year federal data shows roughly one in every 5 people have healthcare related debt I'm Michael kassner Paul Sweeney This wall of worry everybody's been climbing it Matt Miller When you look at individual stocks what do you like Along with Bloomberg's sharpest market analysts Not only basic Wall Street border for Bloomberg news Bloomberg markets Weekdays at 10 a.m. eastern on Bloomberg radio The United States growth coming out of this crisis has been stronger and more resilient than any other major economy in the world And frankly the U.S. economy right now is in a stronger position than any other advanced economy even when you take into account inflation At the same time inflation is a serious problem And we need to orient our policy measures to address it The national economic council director from New York City this morning good morning equity futures shaping up as follows on the S&P 500 positive on the S&P by 8 tenths of 1% positive on the NASDAQ by a little more than 1% And.
WCPT 820
"michael kassner" Discussed on WCPT 820
"Just stampede We had 12 injured Notes fatalities are repeat notes fatalities Ten suffered gunshot wounds Three suspects are in custody officials are still securing the crime scene The shooting happened around two 30 Saturday afternoon at the mall about ten miles from Columbia Police believe the shooting was not random and the suspects likely knew each other A wildfire in southern New Mexico has killed two people authorities say as of Saturday night but McBride fire was 56% contained after destroying over 6000 acres near the white sands missile range The fire killed two people in their home in the town of rodo the high refine risk will continue Sunday in central New Mexico because of dry breezy conditions Ukraine's president zelensky says if a strategic port city of mariupol falls to Russian forces there will be no peace talks with Moscow He made his comments as the Russian onslaught of Mario pole continues Meanwhile Russian air raids and missile strikes at Ukraine's capital city of Kyiv and other major targets following the sinking of a Russian warship in the Black Sea The White House Easter egg roll returns Monday morning Michael kassner reports The annual event was on a two year hiatus due to the COVID pandemic President First Lady Jill Biden will welcome thousands of children and their families including military families The tradition of The White House Easter egg wrote dates back to 1878 I'm Michael kassner North Korea says it successfully test fired a new tactical guided weapon aimed at boosting the country's nuclear capabilities Korean central news agency says North Korean leader Kim Jong-un was there for the test firing gave important instructions on building nuclear combat forces of the country Brad Siegel NBC News radio This.
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Radio Now a global news update this is a special report the Russian invasion of Ukraine on Michael kassner Ukraine's president says his country needs global support to fight Russia Vladimir zelensky spoke to lawmakers in Australia this morning in another plea for help He asked for more military vehicles to protect troops from explosive devices Senator John McCain's widow is weighing in on the invasion now in its 36th day Cindy McCain serves as the U.S. ambassador to the United Nations agencies for food and agriculture It says she knows what the late Arizona Republican would be thinking watching this all unfold Oh he'd be screaming at the top of his lungs Are you kidding He was he was such a good friend of Ukraine and had so much empathy and also so much understanding for a fledgling democracy the way it was And he called Putin for what he was early on Senator McCain once famously said he looked into the Russian president's eyes and solely the letters KGB This has been a special report the Russian invasion of Ukraine I'm Michael kassner 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 Wasn't inflation dead just a few years ago Bloomberg business week Weekdays at 2 p.m. eastern on Bloomberg radio Russia has repeatedly lied about its intentions So we can only judge Russia on its actions not on its words Russian units are not withdrawing but we positioning Russia is trying to regroup resupply and reinforce its offensive in the Donbass region With.
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Analysts in over a 120 countries This is Bloomberg radio Now a global news update this is a special report the Russian invasion of Ukraine Russia doesn't seem to be keeping its promise to ease up on Ukraine air raid sirens went off across most of the country overnight while several missiles were shot down over the capital intense attacks came just hours after Russia vowed to scale back troops across two cities A former Ukrainian president is giving his thoughts on the negotiations taking place between his country and Russia more from Mark Mayfield Speaking through a translator Victor Yushchenko said Russian president Vladimir Putin entered talks because his blitzkrieg suffered a defeat He noted it shouldn't be forgotten that the war is ongoing and said the goal of the negotiations is to reach the truth and how to achieve it He also warned he wouldn't trust any action or word that comes out of Putin these days I'm Mark Mayfield more than 10 million people in Ukraine are no longer in their homes that includes 4 million who fled to neighboring countries This has been a special report the Russian invasion of Ukraine I'm Michael kassner Carol messer This stock has been on a terrible Tim's denominator So take us into the economic impact And the reporters and editors you trust Let's dig into it with Bloomberg business week editor Joe Weber Bloomberg businessweek weekdays at 2 p.m. eastern on Bloomberg radio Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app and at Bloomberg quick take This is a Bloomberg business live And I'm Karen.
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Michael kassner And I'm Susanna Palmer in the Bloomberg newsroom No trading for the Russian stock exchange until at least the end of next week The bank of Russia extended a halt to stock trading on the Moscow exchange through at least march 18th The exchange has been closed since February 25th in one of the longest ever shutdowns for a market of the size of Russia's Fertilizer prices continue to surge this as supply upheaval from Russia leaves governments struggling to secure vital crop nutrients We get the story on that from Bloomberg's Charlie pellet It adds to concerns that record global food inflation will accelerate The green markets North American fertilizer index was up 16% Friday to a record prices for the widely used nutrient urea in New Orleans sword 22% also reaching a record and an index for potash in Brazil rocketed a record 34% Russia is a huge low cost exporter of every major kind of crop nutrient Charlie pallett Bloomberg radio Commodities are soaring as we've been saying And oil of course is among them Darwin Kung is portfolio manager and head of commodities at DWS investment management We do see the commodity oil price to be one 30 should the Russian barrels be displaced and not able to come back The latest report we've seen has about 10% of the Russian production about 700,000 barrels that's been rejected not been delivered in the current a month My next crude was last quoted at one O 9 33 a barrel The boys of summer are back but what about the girls of summer The Major League Baseball lockout had barely ended Thursday when mayor Eric Adams brought up equality in the sport The mayor applauded the end of the labor dispute before making a public pitch for women to play in the majors 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 Suzanne Palmer This is Bloomberg Your listening to balance and power with David Westin on Bloomberg radio China could play a key role in resolving the crisis in Ukraine if it.
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"Radio Now a global news update this is a special report the Russian invasion of Ukraine I'm Michael kassner Officials in cities across Poland are reporting their capacity as Ukrainian refugees continue to pour in The mayor of Poland's second largest city Kraków is now asking for help to move refugees to less populated areas of the country Meanwhile in Poland's capital Warsaw's mayor is pleading for international help to relocate those fleeing war torn Ukraine He called the UN to set up centers in Poland to help with refugees and said more help from other countries around the world is necessary President Biden is calling for the end of normal trade relations with Russia following the invasion The most favored nation status designation means two countries have agreed to trade with each other under the best possible terms The move would clear the way for new tariffs on Russian imports which Biden said would be a crushing blow to Russia's economy This has been a special report the Russian invasion of Ukraine and Michael kassner You're listening to Bloomberg opinion on Bloomberg radio I'm June Grasso Ford Motor is splitting sort of with its electric vehicle operation getting a bit of corporate space of its own But Bloomberg's Liam dennings says because the much anticipated full spin off of Ford's electric vehicle business isn't happening the company stuck in hybrid mode and will have to protect its existing business while innovating like a startup Is Ford sort of dividing itself up It's not starting a spin off for the electric business What's it doing It splitting but internally So there's been speculation for a long time that you have these two very different businesses housed in Florida You have the dominant traditional business churning out trucks and a few cars burning burning gasoline and then this small but growing electric vehicle segment And the thinking has been the electric vehicle segment needs a lot of money to be developed but if you look at say a stock like Tesla if you had a separate kind of forward electric stock it might trade on some fantastic multiple raise a lot of money and do its own thing And then you can have like a separate legacy carmaker What Ford has chosen to do instead is to split the two companies but not spin them off So effectively it's like an internal reorganization So you will have Ford blue which is the traditional business You'll have Ford model E which is the electric business You'll still have some other bits and pieces in there There's four pro which is the fleet business It's a lot of Lincoln kind of floating around doing its thing So it's more of a reorganization It's not the Big Bang that some people were expecting but it is a significant evolution for the company How is Ford tackling becoming an electric carmaker So they've been surprisingly nimble I think if you've gone back a couple of years and asked people who's going to look better in electric vehicles a couple of years later out of Ford and GM probably most people would have said GM Ford has actually in some ways beating them to the punch And in broad terms what it did was it took existing models and electrified them Whereas GM has gone for a much more kind of bottom up blank sheet approach you know building in-house technology Ford essentially went out and bought some batteries You know retooled some models But it's been surprisingly successful The Mustang Mach-E is one lots of plaudits and you know it's a great car crossover SUV I guess to give it its proper title The Ford F one 50 lightning which is supposed to be starting deliveries this year That's caused a lot of excitement because the F one 50 is already the biggest single biggest brand in U.S. autos And the idea that you could have an electric version of it and have it get to market this quickly beating GM by the way in terms of an electric truck That's pretty exciting too I take it that Tesla is in a category all by itself You have Ford and GM and then you have Tesla Yeah I mean Tesla's in a class of its own in all sorts of ways from the valuation to the Twitter feed of its CEO and cofounder You know one way to think about it is Tesla is synonymous with electric vehicles If you mention the name Tesla people immediately think electric vehicles that Tesla doesn't even use any advertising All the legacy carmakers are in that difficult position of being much more identified with internal combustion engines but trying to build these electric vehicle businesses Now interestingly enough Ford in a survey that was done last summer Ford of all the legacy also makers has the highest brand awareness of having electric vehicles probably because it did get vehicles to market So quickly But it's still a long way behind Tesla What's the downside to Ford handling it this way and not spinning off It's the classic kind of innovators dilemma issue which is you have a you have a legacy business which is trying to do something very difficult which is to protect the profits of its legacy business as much as possible those highly profitable trucks that forward cells And use the money from those to develop a quite different business and one which over time is kind of supposed to eat the other business right Because the logic of EVs is that eventually they displace all these internal combustion engines Now on paper that seems eminently achievable You simply run that business for cash divert some of it over to this one grow it everybody's happy As we know it's incredibly difficult for legacy companies to pull that off You know all sorts of cultural issues all sorts of budgeting issues All sorts of attracting the right talent issues I think Ford can be given some benefit of the doubt just because it has shown some nimbleness thus far so I think we can just say let's wait and see how this pans out I think the logic of the internal split is that.
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"I'm Michael kassner This is Bloomberg best on Bloomberg radio This is a special edition of Bloomberg best from the Bloomberg year ahead summit Ahmed Baxter And unto these Pellegrini All right Denise so what about the year ahead and investing Oh that was the theme we heard about from David Rubenstein And rubinstein of course is the cofounder and co chairman of the Carlyle group And he tells Bloomberg sonali basic A market downturn is in the cards as the fed Titans Well I think we are due for a correction The markets have been very Ebola in for quite some time We've been basically having free money right So interest rates have been so low I think the fed has indicated it's going to increase interest rates three or four or maybe even 5 times at some point this year and perhaps next year So the market is anticipating that But until it actually happens I think the market won't really correct But the market is weaker already this year than we would have expected The economy is generally in good shape but I think the fed is likely to ratchet up interest rates and that will I think put asset prices down a bit And in the near term how is this inflationary story going to impact both investors and the companies that are grappling with these higher costs Inflation is something we really haven't had for quite some time when I worked in The White House We famously got inflation to 15% or something like that That was in the 70s Since then we've been averaging 2% per year or so for inflation relatively modest or even less than 2% Now we've just had a month over month each 7% And in fact the 7% the last number So year over year in fact 7% inflation annualized rate That's very high We're not used to that I think it will normalize out at probably something around three to 4% But that's still double what we've had So a lot of people are nervous about it And obviously people are now beginning to increase prices and they're beginning to wonder whether their customers will go away or their customers will go along with these prices So if you go and shop in a food market or something you go to restaurant you already see the prices are moving on As you mentioned that three to 4% is higher than in modern times So what does that mean for the new reality of the American economy Well inflation is probably going to be a cost that we're going to have to live with for a while It won't be quite as bad as it was in the 70s but it's not going to be 2% for a while And I think this is going to be with us as long as we have COVID and the supply chain problems because of the supply chain problems people are unable to get products that they want to the market So people who have the products are increasing prices Also it's hard to get labor And you have to get labored as you probably know It's very difficult to get labor work at some let's say lower income jobs and therefore people are paying more to get these people to work than they previously do And the result is prices are going off I think we're going to see this for quite some time This increase in labor prices We saw that with Goldman Sachs reporting compensation increased 33% Now if you compare that with other areas like private equity private assets I mean how do you put that into context the price increases we're seeing for talent on Wall Street Well the talent on Wall Street compensation levels are justified gravity So they're in a different league The average person probably isn't really affected by the Goldman Sachs bonuses or private equity kind of compensation The average person is really worried more about what it costs to buy some food or buy a car get gasoline And those prices are up a fair bit And people have a little sticker shock now when they go together gasoline or they go to the supermarket And I think that's going to be where the people for a while We have to get used to it And of course the problem with inflation is it generally is harmful most to people in the lower incomes because they can't afford as much So it's really going to hurt people who are blue collar workers more than probably white collar workers the white collar workers are experiencing it as well Well what does this mean for quality moving forward If we're seeing the labor increase so much in terms of price for some areas of the economy whereas inflation eats away at others as you mentioned Well income inequality is one of the great problems that capitalism has never solved And it's getting worse as a result of COVID people who don't have college education people who work with their hands people who are blue collar workers people don't have broadband people don't have child care at home They're often falling further and further behind They're falling behind so much so that I think it's been very difficult the next year or two for them to catch up So income inequality is getting worse not getting better And the social mobility is a big problem as well So I wish I could tell you things are going to be better than I think they're going to be They're going to be some challenges for a while Now I think Congress is not able to do anything about this The Congress is not likely to pass major legislation It's going to solve all these problems And of course if Congress would have passed major legislation a lot of it will be inflationary because at this point a lot of the legislation are considering is putting more money into the economy I don't think a lot of members of Congress want to do that right now So it's an interesting question going into the midterms as well What does all of this at the end of the day There's inequality These concerns about inflation What does that say about the ability of the Democratic Party to Garner more favor at a time where on one hand you had job growth but on the other hand you have people not able to pay their grocery Bill Well in midterm elections after a presidential election it's traditional that the president's party and the president's party will lose 20 to 30 seats in the House And that first midterm I think many people think that will happen now And if that were happened of course the house would go Republican It's also traditional that they party and power The White House might lose two or three seats in the Senate And I think if that were to happen the party in control of the Senate would be Republican With both houses in Republican control I think President Biden have a very difficult time getting anything passed along the lines of proposed before He may have to adjust what he wanted But I think it's going to reset expectations considerably if he isn't able to get Congress to do anything he wants And now with Democrats controlling both houses he still can't get exactly what he wants The cost of some of these spending bills I want to visit with you because for a while here we have very low interest rates But as interest rates start to go up how does that then start to impact the cost of how we pay for services in our country Well right now we have roughly $29 trillion of federal debt And so every budget we have to put in the interest charge is to pay off this 29 trillion or just pay the interest on it When interest rates are 1% for federal borrowing it's affordable You could say when interest rates go up by twice that or three times that it's going to be much more expensive to pay off the federal debt Therefore something else has to get squeezed out And it's not likely to be the.
Bloomberg Radio New York
"michael kassner" Discussed on Bloomberg Radio New York
"News update the House committee investigating the January 6th attack on the U.S. capitol is set to ramp up its work in the next couple of months Wyoming Republican congresswoman Liz Cheney vice chair of the House committee investigating the attacks book with The Today Show The threat continues former president Trump continues to make the same claims that he knows caused violence on January 6th There will be numerous public hearings in the months ahead and the committee hopes to submit a final report by summer in Arizona man described as the face of the capitol riot says he has one major regret Retrospect one thing I can say that I regret is not working to ensure that there was far more peace on that day Jacob chansley is the one in the pictures wearing a helmet with horns face paint no shirt serving 41 months in prison Virginia is having a rough start to the new year and it's about to get worse The governor declared a state of emergency just before another storm starts dumping even more snow tonight Now futures are nudging higher after Wednesday's fed induced sell off by Michael kassner 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 wasn't inflation dead just a few years ago Bloomberg business week Weekdays at 2 p.m. eastern on Bloomberg radio The code for the UCB for so long has been continued to support the markets with open market purchases continue to have a negative policy rate They're going to be under some considerable pressure in 2022 to lift the PEP I think that's going to happen in March And then the question is to what degree do they taper down or open market purchases going forward under the APP program I think they've got to consider accelerating and given what the fence has been doing A brilliant brilliant.