22 Burst results for "Michelle Cortez"

"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:19 min | 5 d ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Okay well let's see when that really begins to reopen Let's bring it to you Mayor Eric Adams has got a tough set of data in front of him It looks as if they're in the middle of way 5 in New York What are the consequences What are the risks So we do know that infections are increasing We're seeing the virus continue to mutate a little bit to evade some of the immunity that we have out there and places across certainly New York but really the entire world is going to have to grapple with this Once we have had these outbreaks you have about as much immunity in your population as you're going to get thanks to vaccinations and previous infections but that's not going to stop the virus from continuing to mutate to infect more people So in New York they're starting to contemplate adding mask mandates starting to put some of these curbs back into effect in order to protect the people who are the most vulnerable Of course we're hearing over and over again Some of the same refrains we heard previously which is that what you really need to do is protect your most vulnerable and your healthcare systems because that's what really does spiral out to make other people vulnerable as well to non COVID related medical emergencies So we're going to be interesting to watch how this plays out around the world as we see these viruses continue to remain at a high level We're going to keep seeing these ebbs and curbs rises and falls and how each country and each city responds It's going to be on a case by case basis Okay Michelle thank you so much Michelle Cortez in Hong Kong Alan WAN in Shanghai To the crypto story the whale Mike novogratz who is usually fairly prolific on social media It's gone conspicuously silent That after the collapse in terror and Luna which he promoted there's also been another stable coin that's losing its peg to the dollar zucchini is tracking the story she's where there's two good to have you with us So novogratz Laying low and that's very uncharacteristic for us You said crypto whale He's a king in the world of cryptocurrencies and decentralized financed as mentioned He's a billionaire made his reputation on Wall Street He created digital global which is a cryptocurrency merchant bank and he got a tattoo very recently of a wolf howling at the moon with the word Luna across the top right on his shoulder a nod to the hot new crypto where what was the hot new algorithmic stablecoin called Luna terror USD all leading to a spectacular collapse last week Now he's been silent since then hasn't been out commenting hasn't tweeted since May 8th His galaxy digital holdings may offer a clue though they said late last week it was bracing for a 300 million hit this quarter As you can tell it's been hit by the crypto collapse Meanwhile let's drop into the Bloomberg anyone who bought after 2020 is either flat or very much down on the galaxy digital holdings most likely had been buying over the past two years that may explain their drop which would be a 12% drop since the end of March So and then in terms of stable coins or the lack of stablecoins because another one now lost its peg This is DEI how significant is this in the broader scheme of cryptocurrency planes Well it's not having the same impact It is a much smaller coin where Tara was a top ten but it is yet another sign that these stablecoins as you said not quite so stable This one is I should say dio's finances DEI or DIA token lost its one to one peg to the dollar Trading at about 70 cents you're looking at terror because you can see it was a much bigger issue when all the way down to 20 cents at some point Tara also has a market cap in the billions where deus was just in the millions and their team is working to repack it But what's important here is that many in the decentralized finance world are getting a much closer scrutiny of these algorithmic coins They've been pitched as this great innovation and experiment and as John whoo of Ava labs that we interviewed earlier today said it was an experiment that everyone in the DeFi crypto ecosystem was rooting for and it failed So all of these stable coins getting a very close look I should point out this one's a little different It's collateralized with reserve coins a couple of different coins that back it up where is it was the algorithm that bacteria and an algorithm that failed Back to you I mean it makes a lot more sense now that you've talked us through it Thank you to appreciate it That's Bloomberg's zucchini That's running through the first word headlines as well from around the world and get back out to Jules and Singapore You said Russian president Vladimir Putin has issued a warning to Finland and Sweden over their plan to join NATO without giving details Putin says their.

Mayor Eric Adams New York Michelle Cortez Alan WAN Mike novogratz novogratz Luna Shanghai Michelle Hong Kong Tara Bloomberg John whoo Ava labs dio Jules Vladimir Putin
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | Last month

"michelle cortez" Discussed on Bloomberg Radio New York

"Or what exactly hubris what was going on there that they didn't somehow distribute it in China Anyway Michelle thanks very much out of time up against the clock Michelle Cortez Bloomberg senior health reporter top of the hour will get you all the top stories next and we'll get some new markets opening up and get a little better feel for where we're headed later today This is Bloomberg This is a 24 hours a day in Bloomberg dot com on the Bloomberg business app And at Bloomberg quick tape This is Bloomberg radio This is Bloomberg daybreak Asia for this Monday April 4th in Hong Kong Sunday April 3rd in New York coming up this hour Trade is mull more comments from fed officials on how to proceed in hiking interest rates Tesla delivers a record number of cars despite supply chain challenges And China removes a key hurdle for the U.S. to gain full access to orders Keith asks for international probe of possible Russian war crimes Hong Kong has to use rapid tests for three days coming up all of Shanghai under some form of lockdown I'm Ed Baxter with mobile news Barcelona moves up to second in the lobby of the table with the big win I'm Dan Schwartzman I'll have that story more coming up in Bloomberg sports That's all straight ahead on Bloomberg daybreak Asia on Bloomberg 11 three O New York Bloomberg 99 one Washington D.C. Bloomberg one O 6 one Boston Bloomberg 9 60 San Francisco Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app 9 in the morning in Hong Kong trading in the equity market will begin at the bottom of the hour We do have market holidays today in both China and Taiwan If you're joining from the region good morning I'm Doug prisoner at the Bloomberg interactive broker studio in New York And I'm Juliette Sully in Singapore Let's get straight over to check in on markets with Bloomberg's Brian Kurt as Brian.

Bloomberg Michelle Cortez Bloomberg Hong Kong China Ed Baxter Dan Schwartzman Michelle Asia Washington D.C. Tesla New York fed Keith Shanghai Barcelona U.S. Syria Boston San Francisco Juliette Sully
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:32 min | 4 months ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Yeah you were there Paul you're seeing this with a research coming in from around the globe raising the hope that all Macron could be short lived and could be a bridge between pandemic and endemic Australian national university association professor sanjaya San ayaki says a bit too early actually to say that It's a bit nerve wrecking at the moment because we've seen the hospitalization numbers particularly in New South Wales where Sydney is climbed from a 150 less than four weeks ago to around 1200 today So that's one of very quickly And Victoria's state over 7000 new cases 24 hours over 470 hospitalized over 50 ICU Australia's prime minister Scott Morrison is monitoring himself and his advisers after somebody tested positive after a news briefing was held in his house last week Japanese prime minister fumio Keisha may postpone his visit to Australia because of COVID cases that would schedule for this week U.S. CDC may modify its isolation loosening guidelines adding a negative test after 5 days The White House lead doctor Anthony Fauci says CDC is in the process of relooking at its new isolation guidelines That is something that is now under consideration The CDC is very well aware that there has been some pushback about that Doctor Fauci says in the next few days May reinstitute the policy of having to have a negative test after 5 days to come out of isolation which Bloomberg senior health reporter Michelle Cortez in Hong Kong says may be a very good idea Adding a test into that to make sure that people aren't still positive They aren't still infectious That would be a good idea to do it I think that they moved a little bit more quickly than they probably should have didn't really think that fully through And so I imagine we're going to see some revision of that Yeah Michelle says allowing people back into the community while still infectious might not be the best policy South Korean president Moon Jae-in making his new year's address and addressing this couple of headlines out that just a just a matter of time before a Macron becomes a dominant variant in South Korea and that the number of critical COVID patients and deaths have to be reduced Kim Jong-un has urged North Korea to focus more on food shortages than nuclear talks The White House is announcing the president Joe Biden is reaffirmed his support of Ukraine's sovereignty to president Vladimir zelensky And Senate majority leader Chuck Schumer and his new year's briefing today said negotiations continue every day on the Biden build back better plan and.

Macron Australian national university sanjaya San ayaki CDC fumio Keisha COVID Scott Morrison Doctor Fauci Michelle Cortez Australia Anthony Fauci New South Wales Sydney Paul Victoria White House Moon Jae Bloomberg U.S. Hong Kong
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:02 min | 4 months ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Victoria a New South Wales are seeing a significant jump in COVID cases at Baxter's back with global news in our San Francisco 9 60 newsroom Ed Yeah happy to know you're a Kathleen with a research coming in from around the globe raising the hope that omo cron could be short lived could be a bridge between pandemic and endemic Australia national university association press center professor I should say Sanjay sanuki saying well it's a bit too early to say It's a bit nerve wrecking at the moment because we've seen the hospitalization numbers particularly in New South Wales which Sydney is climbed from a 150 less than four weeks ago to around 1200 today So that's one of very quickly And Victoria state over 7000 new cases 24 hours over 470 hospitalized over 50 ei CU Australia's prime minister Scott Morrison is monitoring himself and his advisers after somebody tested positive after a news conference was held in his house last week Japanese prime minister fumio Keisha today postponing may postpone his visit to Australia because of COVID cases U.S. CDC may modify its isolation loosening guidelines adding a negative test after 5 days in the U.S. The White House lead doctor doctor Anthony Fauci says the CDC is in the process of relooking at those guidelines That is something that is now under consideration The CDC is very well aware that there has been some pushback about that Yeah so Doctor Fauci says in the next few days it may reinstitute the policy of having to have a negative test after 5 days now to come out of isolation which Bloomberg senior health reporter Michelle Cortez and Hong Kong says may be a very good idea Adding a test into that to make sure that people aren't still positive They aren't still infectious That would be a good idea to do it I think that they moved a little bit more quickly than they probably should have didn't really think that fully through And so I imagine that we're going to see some revision of that And Michelle says allowing people back into the community while still infectious might not be the best policy South Korean president Moon Jae-in making his new year's address a couple of headlines coming out just a matter of time before a Macron becomes dominant variant and that number of critical COVID patients and deaths are to be reduced also says he wants to once again try to normalize relations with the north meanwhile Kim Jong-un has urged North Korea to focus more on food shortages than on nuclear talks in his new year's policy assessment He has suggested nuclear talks with a U.S. or a low priority in coming months In San Francisco I met Baxter This is Bloomberg Brian Edward thank you very much The time is 38 minutes past the hour It's time for world sports All right let's get to Dan Schwartzman We got our shirts on here We're still part of the team All is well at Bloomberg radio But let's oh.

omo cron Australia national university Sanjay sanuki New South Wales CDC fumio Keisha COVID Victoria Scott Morrison Baxter Michelle Cortez Kathleen Australia Anthony Fauci U.S. San Francisco Fauci Sydney Moon Jae White House
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:52 min | 4 months ago

"michelle cortez" Discussed on Bloomberg Radio New York

"At world news now And coming out of Australia Victoria and New South Wales seeing a significant jump in COVID cases at Baxter has the details Yeah with a research coming in from around the globe raising the hope that omicron could be short lived and actually could be a bridge between pandemic and endemic Australia national university association professor sanjaya sana yaki says that's just a really a bit too early to tell It's a bit nerve wrecking at the moment because we've seen the hospitalization numbers particularly in New South Wales which Sydney is climbed from a 150 less than four weeks ago to around 1200 today So that's one very quickly And Victoria state over 7000 new cases in 24 hours over 470 hospitalized over 50 in ICU Australia's prime minister Scott Morrison is monitoring himself and his advisers after somebody tested positive after a news conference was held in this house last week and the Japanese prime minister fumio Keisha may postpone his visit to Australia because of COVID cases and we're just getting worse and the Bloomberg newsroom actually a couple of headlines going up on the terminal that U.S. defense secretary Lloyd Austin has tested positive for COVID-19 and now into the new guidelines He is going to stay at home home quarantine for 5 days And in the U.S. The White House lead doctor Anthony Fauci says the CDC is in the process of looking at its new isolation guidelines That is something that is now under consideration The CDC is very well aware that there has been some pushback about that Yeah looking at loosening them from the 5 days Doctor Fauci says the next few days May re institute the policy of having to have a negative test after 5 days to come out of isolation which Bloomberg senior health reporter Michelle Cortez and Hong Kong says may be a very good idea Adding a test into that to make sure that people aren't still positive They aren't still infectious That would be a good idea to do it I think that they moved a little bit more quickly than they probably should have didn't really think that fully through And so I imagine we're going to see some revision of that Michelle says long people back into the community while still infectious might not be the best policy Kim Jong-un has urged North Korea to focus more on food shortages than on nuclear talks White House is announcing the president Joe Biden has reaffirmed his support for Ukraine Ukraine's sovereignty to president Vladimir zelensky and Senate majority leader Chuck Schumer says in his new year's news briefing today that negotiations continue every day on the Biden build back better plan and says looks like there'll be a vote this week on voting rights In San Francisco I met Baxter This is Bloomberg All right let's get to global sports We got Dan Schwartzman.

COVID Australia national university sanjaya sana yaki New South Wales prime minister Scott Morrison Australia fumio Keisha Victoria Bloomberg newsroom Lloyd Austin Baxter CDC Michelle Cortez ICU Anthony Fauci U.S. Sydney Fauci White House Bloomberg
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:10 min | 5 months ago

"michelle cortez" Discussed on Bloomberg Radio New York

"News now Let's get back out to Ed Baxter love getting to his view on what is the latest and greatest and not so great maybe but certainly a big story Russia is threatening NATO with military action if there are further troop movements so what's the latest Yeah Kathleen president Vladimir Putin has threatened the military response to counter NATO expansion toward its borders That's how it terms it The president in terms of but said that he hopes for a diplomatic solution U.S. Secretary of State Antony Blinken says that's not going to happen anytime soon because no talks are planned We have to see if in the first instance there's any progress diplomatically We also want to see Russia deescalate to move forces back from the border with Ukraine Putin meanwhile as reported to have told his senior officers to take adequate military technical response measures to react harshly to unfriendly steps Governments around the globe are reticent to impose more restrictions as we approach Christmas And the U.S. President Biden is called for caution but not panic or chaos He does say he expects the omicron variant to spread very quickly even more so now and says he is going to dispatch famous health workers to areas with low vaccination rates So starting this week I'll be deploying hundreds more vaccinators and more sites to help get the booster shots in people's arms And he says 500 million rapid tests are going out in the country He's putting the blame of rapid spread on the unvaccinated If folks were not vaccinated you may think you're putting on yourself at risk But it's your choice Your choice is not just a choice about you Affects other people You're putting other people at risk And he blasted cable networks and social media for continuing to spread false information but said no new mandates now No new mandates before Christmas in the UK prime minister Boris Johnson here What I can say tonight is that naturally we can't rule out any further measures after Christmas and we're going to keep a constant eye on the data or do whatever it takes to protect public health but it says there is not enough data yet to ruin Christmas Bloomberg senior health reporter Michelle Cortez also says restrictions will probably most commonly after Christmas People will look at these numbers We'll have a little bit of concern and we'll stay home But as it remains to be seen how effective that kind of common sense approach is going to be these days I do think we're going to see additional restrictions across the globe Michelle says this variant will have to be slowed France will require people to be fully vaccinated to enter Barr's restaurants and cultural venues starting at early January Hong Kong has added 8 more important omicron cases total now 27 at least 132 employees at SpaceX California headquarters have tested positive for COVID-19 The largest business count in Los Angeles County the numbers encompass a time frame from last September through current In San Francisco I'm at Baxter this is Bloomberg right Brian All right thank you very much The time 38 minutes past the hour It's time for world sport.

Ed Baxter Kathleen president Vladimir Pu Antony Blinken NATO Russia U.S. Putin Ukraine Biden Michelle Cortez Boris Johnson UK SpaceX California headquarters Barr Michelle France Hong Kong Los Angeles County San Francisco Bloomberg
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:47 min | 6 months ago

"michelle cortez" Discussed on Bloomberg Radio New York

"The markets every 15 minutes throughout the trading day on Bloomberg S&P futures are down 84 points Dow futures down 805 NASDAQ futures are lower by a 180 points The ten year treasury is up 31 30 seconds the yield 1.52% yield on the two year .51% John A Nathan let's get the details on the new coronavirus variant identified in South Africa There are concerns the strain could spark fresh outbreaks Scientists say it carries a high number of mutations in its spike protein That's the protein that's targeted by vaccines Let's get more from Bloomberg intelligence senior pharmaceutical analyst doctor Sam fazeli There's thousands of these mutated viruses everywhere But then when they start forming a cluster that's when you start worrying and they're really got going a couple of days ago And of course it will take at least a week or two to just simply know whether this virus is more resistant to the immunity induced by vaccines or a prior infection And that's what I'm hoping to see in the next few days will hear more data out of South Africa about how widespread this virus has become Tell us about his treasury stability Bloomberg intelligence analyst and physiology says researchers do not yet know this new COVID variant is more transmissible than others Well we do know John is that South Africa's detected about a hundred cases linked to the new strain in Hong Kong has confirmed two We still don't know how deadly this new variant is though Michelle Cortez covers health and science for Bloomberg news We are still learning almost everything about this variant The one thing that's clear at this point is that it is spreading at an exponential rate We knew about ten cases yesterday a hundred cases today And now reports coming out of South Africa suggested up to 90% of sequenced cases are this new variant In a response to that rapid spread Bloomberg's Michelle Cortez says countries are restricting travel to Southern Africa the UK was among the first to do so followed by Israel and Singapore Germany's doing the same and the EU is making plans to follow suit And Nathan the market reaction to this new variant dramatic this morning S&P futures are down 1.8% down futures are lower right now by 810 points As good more from Bloomberg markets reporter Christine Aquino The mantra of Marcus this morning is self first and ask questions later And we're really seeing that all across the asset classes particularly in emerging markets right Because this particular asset class has really been battered this week by various things geopolitical risk risks related to central banks when it comes to Turkey and Mexico And this was really the last thing that emerging market currencies needed Bloomberg's Christina kino says haven currencies are benefiting mostly the yen and the Swiss franc Stocks in Europe are taking a beating with benchmark indexes down about 3% also saying big moves in treasury yields ten year treasury yield right now is down almost 11 basis points at 1.52% The move in oil is dramatic this morning John the new strain is adding to concerns that we're already swirling over crude demand thanks to rising COVID cases in Europe Julian Lee is an oil strategist for Bloomberg news The rising COVID cases particularly in Europe that's going to restrict demand both for transport fuels and probably also for some industrial fuels We've seen worries about resurgence of cases in China with a big scaling back of domestic air travel And as we get closer to the Winter Olympics early next year there are expectations that China's energy use will be pulled back in order to meet clean air targets Bloomberg oil strategist Julian Lee says this latest concern comes as jet fuel demand was starting to recover checking prices now they are adding to losses Nymex crude West Texas intermediates down 6.8% down 5.33 at 73 O 6 a barrel Brent the international benchmark is down 5.8% at 77.42 And amid all the market turmoil U.S. consumers also in focus this morning yesterday was a banner day for online spending It hit a record That doesn't tell the whole story though Let's get more from Bloomberg's done prisoner A record yes however sales may not end up being as strong as initially forecast and earlier estimate from Adobe analytics have the upper range figure of $5.9 billion The firm's revised call is for online spending of between 5.1 billion to $5.4 billion That breaks down to a rate of at least $3.5 million per minute Electronics and apparel were among the top categories Many shoppers were forced online this year since many retailers closed their physical stores for the holiday In New York I'm Doug Chris Bloomberg daybreak Man Doug now we find out how sales will fare inside stores Today is Black Friday but this time around consumers are running into supply chain issues We get more from Bloomberg intelligence retail analysts putnam goyle There's a lot of pieces of the supply chain that are being impacted here It's just not the poor congestion that we hear about It's labor costs It's raw material costs It's also China's zero tolerance policy A lot of what we consume is from Asia and if there are only zero tolerance policies applied then you will see more shutdowns impacting factories productions Bloomberg intelligence analysts put them goyle says those supply chain problems are leading to fewer in store promotions Outside of the pandemic and blank Friday Another item of note this morning this is out of China Beijing asking DD global to delist from U.S. exchanges sources say regulators have asked company management to remove deity from the NYSE on worries over security This is Bloomberg.

Bloomberg Michelle Cortez South Africa John A Nathan Sam fazeli Julian Lee Bloomberg news Bloomberg markets Christine Aquino treasury Christina kino Europe Southern Africa John
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:57 min | 6 months ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Day on Bloomberg S&P futures are down 85 points down futures down 786 a drop of 2.2% NASDAQ futures are down a 199 The Dax in Germany is lower by 2.8% the cac in Paris down 3.4% The MSCI Asia Pacific index closed 1.8% lower The ten year treasury is up one and one 32nd the yield 1.52% yield on the two year .51 Nymex crude plunging 6 and a half percent down $5 8 cents at $73 32 cents a barrel Comics stole this higher up 1.4% up $24 at 1811 even an ounce Let's get details on that new coronavirus variant identified in South Africa There are concerns the strain could spark fresh outbreaks Scientists say it carries a high number of mutations in its spike protein That's the protein targeted by vaccines Let's get more from Bloomberg intelligence senior pharmaceutical analysts and physiology There's thousands of these mutated viruses everywhere But then when they start forming a cluster that's when you start worrying and that really got going a couple of days ago And of course it would take at least a week or two to just simply know whether this virus is more resistant to the immunity induced by vaccines or a prior infection And that's what I'm hoping to see in the next few days we'll hear more data out of South Africa about how widespread this virus has become Tell us about this treasury stability Bloomberg intelligence analyst Sam fuzz Ellis has researchers do not yet know if this new COVID variant is more transmissible than others Well here's what we do know John South Africa has detected about a hundred cases linked to this new strain Hong Kong has confirmed too But again what we don't know yet is how deadly this new variant is Michelle Cortez covers health and science for Bloomberg news We are still learning almost everything about this variant The one thing that's clear at this point is that it is spreading at an exponential rate We knew about ten cases yesterday a hundred cases today and now reports coming out of South Africa suggest that up to 90% of sequenced cases are this new variant In response to the spread Bloomberg's Michelle Cortes says countries are restricting travel to Southern Africa the UK was among the first to do so followed by Israel and Singapore Germany is doing the same and the EU is making plans to follow suit And Nathan market reaction to the new variant dramatic this morning S&P futures they are down one and three quarters percent The down futures are down by 769 points Let's get more from Bloomberg markets reporter Christina kino The mantra of Marcus this morning is self first and ask questions later And we're really seeing that all across the asset classes particularly in emerging markets right Because this particular asset class has really been battered this week by various things geopolitical risks risks related to central banks when it comes to Turkey and Mexico And this was really the last thing that emerging market currencies needed Bloomberg's Christina kino says haven currencies benefiting mostly the Yan and the Swiss franc As stocks in Europe taking a beating with benchmark index is down about 3% Russell sing big moves in treasury yields A ten year yield right now is down 11 basis points and pushing the yield to 1.52% While the move in oil is also dramatic John the new strain adding to concerns that were already swirling over demand thanks to rising COVID cases in Europe Julian Lee is an oil strategist for Bloomberg news The rising COVID cases particularly in Europe that's going to restrict demand both for transport fuels and probably also for some industrial fuels We've seen worries about resurgence of cases in China with a big scaling back of domestic air travel And as we get closer to the Winter Olympics early next year there are expectations that China's energy use will be pulled back in order to meet sort of clean air targets Bloomberg oil strategist Julian Lee says this latest concern comes as jet fuel demand was starting to recover and checking prices once again on the nymex West Texas intermediate is down 6.3% down 4.93 at 73.44 a barrel Brent the international benchmark is down 5.3% at 77.83 And amid all the market turmoil U.S. consumers also in focus this morning Yesterday was a banner day for online spending It hit a record but that doesn't tell the whole story Let's get more from Bloomberg's stud prisoner A record yes however sales may not end up being as strong as initially forecast and earlier estimate from Adobe analytics had the upper range figure of $5.9 billion The firm's revised call is for online spending of between 5.1 billion to $5.4 billion That breaks down to a rate of at least $3.5 million per minute Electronics and apparel were among the top categories Many shoppers were forced online this year since many retailers closed their physical stores for the holiday In New York on Doug prisoner Bloomberg daybreak Doug thanks outside the pandemic and Black Friday We have another item of note out of China this morning Beijing is taking aim at another big tech company asking didi global to delist from U.S. exchanges Bloomberg's Brian Curtis has more from Hong Kong Sources say the country's tech watchdog once management to take the company off the New York Stock Exchange and that's because of concerns about leakage of sensitive data Proposals under consideration include a straight up privatization or a share float in Hong Kong that would be followed by a delisting from the U.S. If the privatization proceeds the proposal would likely be at least at the $14 IPO price That's because a lower offer so soon after the IPO could prompt lawsuits or shareholder resistance Brian Curtis Bloomberg daybreak Okay Brian thank you This is Bloomberg.

Bloomberg Christina kino South Africa Sam fuzz Ellis John South Africa Julian Lee Michelle Cortez Michelle Cortes
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:17 min | 11 months ago

"michelle cortez" Discussed on Bloomberg Radio New York

"News exactly right. It could happen by late week next Digital, an internal memo says. If it can't access its bank accounts this week, it will make a final decision on Friday. The flagship of media tycoon Jimmy Lai. Pro Democracy says that means the online news service would stop at 11 59 Friday. That's PM. The memo obtained by Bloomberg says it wishes it employees stay until the end, but It can understand everyone has to make his or her own decision. US. Says 150 Million Americans have been fully vaccinated more than 45% of the population, making it very uncertain if it can reach the Biden administration goal of 70% by the fourth of July, But White House spokeswoman Jen Psaki says well things she has to remain optimistic even if we do sail past the 70% goal. We're still going to be vaccinating people on July 5th on July 7th and July 10th that is still going to continue to be part of our objective. But some new numbers out today making the race on there are new surveys showing that The dangerous Delta, the India very and is spreading very quickly and pockets of the unvaccinated specifically in the south of the United States. The genomics firm Helix analyzed 20,000 samples in 700 County says If the trend continues, there will be more surges. No doubt about it. Dr. Carrie Althoff at Johns Hopkins Bloomberg School of Medicine says the vaccine works and we know that after first dose the vaccines have about 33% effectiveness against covid illness, So you really need that second dose in order to help now, she says. After the second about 88% advocacy, Dr Al Hof says, where people are not being vaccinated, allows the virus to thrive and mutate. Which can be a problem for the population as a whole. And Bloomberg's Michelle Cortez is now saying there are more pronounced risk now for kids getting sick to those who are unvaccinated when we're looking at some parts of the country where we have significantly fewer than 50% of the adult fascinated and many Children haven't yet started in that process. We're seeing outbreak among kids who are showing up in emergency rooms already, quite said. Michelle says vaccines at this point are effective Tokyo Olympics will limit the number of Spectators to 10,000 prevent you to reduce the chance of it becoming a super spreader event. Actually, 10,000 and 50% capacity W. H O emergency, a city's director, Dr Michael Ryan, Says some of the numbers need perspective. The rate of disease in the last week in Japan has been 80 per million residents in the same week. That's the rates in the USA have been three times higher in Brazil. 30 times higher than the UK 11 times higher in Russia nine times higher We should all do the math. I guess, Ryan says Japan is relatively low, actually. Hong Kong will officially shortened mandatory hotel quarantine to seven days for fully vaccinated people from all but a short list of high risk places. Chief Executive Carrie Lam marking the occasion, saying two weeks and no new infections in San Francisco, I'm Ed Baxter. This is Bloomberg are Brian. All right. Thanks very much. Let's get to Tracy McMillian, head of global Asset allocation strategy at Wells Fargo Investment Institute. So we're getting a lot of views about inflation and the Fed meeting and exactly What they are trying to do. I suppose one is really not all that much has changed. One view. Another view is well, This is the Fed. They're starting to take away the punch bowl. Tracy. How do you see things in terms of deploying new money at the moment? Sure so. So we can see that, uh, the action by the Fed last week as a fed pivot. Um, but we also see it as the Fed almost marking to market they were acknowledging that inflation is rising. They were acknowledging that growth is going to be higher than their original forecast. So we continue to favor equities over fixed income and this environment we like domestic U. S stocks over developed markets stocks and we also like emerging markets, some commodities as well. Are there any parts of the market that are looking a bit overvalued to may be at risk of correction here? Sure. So whenever you have this tape, both easy money you brought on by monetary fiscal policy. Is there going to be dislocations in the market? So we do think there is some peripheral segments of the equity market, some that are probably experiencing some unsustainable evaluation. So you think things like the means. Mm stocks, maybe with certain means stuff with unsupported valuations. As rates rise, money becomes a little more expensive, and you know, investors are going to be looking for earnings. We think to drive future returns. If there is a big selloff in in the meme stocks or further selloff in crypto currencies does that bleed through to really take down the broader equity market? We don't think so. We think that investors are still going to be looking at the underlying fundamentals, the underlying trends that are going to drive earnings higher this year and next year for the major indices. So you know our our message to investors has been to continue to be diversified. We we like Cyclicals. We We, like, you know names that are going to benefit from continued growth but remain diversified. Just sticking with the thing that Brian mentioned they I mean, I know you say the crypto assets becoming viable to consider. Are you not concerned about the crackdown that's going on in China right now. It's so we We are concerned about a multitude of bread that encrypted currencies will face some and state and we do know that this is a relatively new assets for investors to consider from adding to their portfolios. But.

Tracy McMillian Ed Baxter Michelle Cortez Michelle San Francisco Ryan Jen Psaki 70% 30 times Carrie Althoff Bloomberg July 5th Wells Fargo Investment Institu Jimmy Lai Brian Friday July 10th 11 times Japan 20,000 samples
WHO recommends AstraZeneca vaccinations continue, says benefits still outweigh risks

Bloomberg Daybreak: Asia

00:25 sec | 1 year ago

WHO recommends AstraZeneca vaccinations continue, says benefits still outweigh risks

"The World Health Organization is now firmly come out, saying that the AstraZeneca vaccine should continue to be administered as the benefits far outweigh the risks. Bloomberg's Michelle Cortez, They want to reassure everyone that they have a look at this thoroughly and that it is safe and people should feel comfortable that innit Hopefully that reassurance will be enough and will be nice use of disaster identical vaccine. Several EU countries still Holding

Michelle Cortez World Health Organization Astrazeneca Bloomberg EU
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:16 min | 1 year ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Various reasons permitted in law. Such is to shock for essentials to work if you absolutely cannot Work from home. Exercise to seek medical assistance. Okay, I'm sorry. I guess you lost the first part of that Prime Minister Boris Johnson says a new variant is caused an increase in hospitalizations by one third in one week, Hey says you can go out to get a covert tests or escape physical abuse. Scotland has ordered a lockdown as well from midnight. Bloomberg's Michelle Cortez says a new variant can spread up to 70% faster. He started getting more people infected with this faster, moving various And Dale. In fact more people and they'll infect more people know infect more people. California Governor Gavin Newsom says the state has identified four cases week is critical in terms of a bigger understanding of where we are and If we're gonna hit that surge on top of a surge on top of another surge is way At least I describe it. But in New York has identified its first where Governor Andrew Cuomo says he's cracking down on hospitals and nursing homes to get Vaccinations. Dunmore quickly. This is Governor Cuomo. This is a management issue of the hospitals. They have to move the vaccine and they have to move the vaccine faster. Hong Kong is pushed back. The re opening of classrooms for more than a month, is part of the efforts to curb any spread. Japan's prime minister go, she hit Asuka, saying they are developing the final stages. Of its emergency plan, and he doesn't expect all events to be canceled. It does say it is thinking about suspending all foreign arrivals. Joe Biden says Tomorrow's Georgia senatorial Runoff will affect the balance of U. S power for a generation. And is tying the two Republican candidates to Donald Trump to senators who think they're loyally is to trump not to Georgia. You have two senators. You think they sworn an oath to Donald Trump? Not to the United States Constitution, and there's closest he has come here to saying that Donald Trump wants to take over the government politicians cannot assert. Take or seize power powers given granted by the American people alone. Donald Trump is in Georgia later for a rally. Meanwhile, the Georgia secretary of state of Brad Rapids, Burger spent part of the day refuting the president's claims of voter fraud. One by one. Had hundreds and hundreds of people, he said that we're dead that voted, we found two. That's an example was just his bad data. Yeah, and says there's talk of investigations into legality regarding the president may be a conflict of interest. I understand it. The phone county district attorney wants to look at it. Maybe that's the appropriate venue for to go. Some Republicans have expressed concern over the president's action. There's no clear picture. Would may impact the vote in San Francisco. I'm Ed Baxter, this is Bloomberg. Duck? Yeah. The vote tomorrow night Special coverage here on Bloomberg Radio. I will be joining our TV colleagues. At 7 P.m. Wall Street time hosted by David Weston. Let's get to Global Sports sedan sportsman Looking at Chelsea. Hey, what about a change it manager likely dog great question. Now Chelsea falling to a thin the Premier League table after losing for the previous six league matches, sources reporting that manager Frank Lamb part is safe for now and is going.

Donald Trump Governor Andrew Cuomo president Georgia Bloomberg Prime Minister Boris Johnson Governor Gavin Newsom Hong Kong Bloomberg Radio Burger Joe Biden New York Asuka California Michelle Cortez Dunmore prime minister Scotland David Weston
Next Round Of Pfizer Doses Won’t Free Up Until Summer; Did White House Turn Down Chance For More?

BTV Simulcast

03:45 min | 1 year ago

Next Round Of Pfizer Doses Won’t Free Up Until Summer; Did White House Turn Down Chance For More?

"Now, U. S officials say they will have enough Cove in 19 vaccine doses to let most Americans get inoculated by Summer. The Trump Administration is downplaying reports that it passed up a chance to secure more of Fizer shot. The government signed a deal last summer to obtain 100 million doses of visors. Experimental vaccine enough for 50 million people. The U. S also has agreements in place with Madonna, AstraZeneca, Johnson and Johnson and others to discuss We're joined by Bloomberg's Michelle Cortez. Michelle Big News four. Fizer today ahead of A meeting between FDA officials and Fizer. That's happening later this week. We got an FDA staff report that says the vaccine is safe. What can you tell us? Well, what we're finally seeing now is the details of the size of beyond tech trials, and they are absolutely meticulous in terms of how people responded to the vaccine across different age groups across different ethnicities across different co morbidity, ease. And, honestly, Emily what we're seeing at this point, everything looks great. More than 90% efficacy across the board, every group that they looked at A number of serious and severe vaccine. In fact, virus infections was very low. Only a handful of people were infected. The people who did get infected. After getting two doses of the vaccine. Almost all of those came within the first few days after getting that second dose, which indicates that if people do stay safe, right after those first couple of days, you could get to an even higher protection level, So it's all really great news across the board. Of course, Now what we're looking at is getting getting a final review from the FDA Advisory Committee hearing that's going to be more than a dozen experts were going to come to the details, the physically see if there's any other hurdles that the rest of us have missed. And then we got to roll it out. We're also getting new details from AstraZeneca. You've got Johnson and Johnson and Merck, potentially on the horizon. How does the UK rollout impact US access to the vaccine? We are now hearing of course, about how Fizer did offer to the U. S to get more of the vaccine for for the U. S. And where the Trump administration didn't want to go down that route. They are, You know, the spreading out the by a little bit more broadly, and then we saw Countries like the U. K and other places have snapped up those visor vaccines. So when we're looking further down the line, perhaps in the summers when the U. S will be able to get more of those doses, so as long as as long as the other virus vaccine do come along and get approved and have successful trials, we should be fine. Why would the rollout in the UK It does show that some of those doses are being taken by other countries. Also in the UK, they're rolling it out. First. They're going to be tens of thousands of people who are gonna be getting it should anything crop up unexpected. It'll most likely appeared there first. So it is a little bit of a front runner of rough. So how promising are some of these other companies looking AstraZeneca, Johnson and Johnson mark at this point Yeah, We're still waiting for data from all of this. Those companies, but they all do bring something a little bit different and better write a potentially better Johnson and Johnson and Merck. They just have one shot. You don't need to wait for your second shot. Um, they're easier to deliver. You don't need that super cold chain delivery system. But but also, um we don't know how they're gonna hold up. We don't know if they're gonna have that 95% efficacy, which is what we all really

Fizer Johnson Trump Administration Michelle Cortez FDA Astrazeneca U. Madonna Bloomberg Michelle Emily UK Advisory Committee Merck United States Johnson Mark
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:06 min | 1 year ago

"michelle cortez" Discussed on Bloomberg Radio New York

"For how this all fits into the overall process of getting this vaccine to us All. Welcome now. Bloomberg Health reporter Michelle Cortez, Michelle, Thanks so much for being here. Take us through the steps. What happens next? So what we received today and a 92 page document that outlines the details of the five of beyond tax study results as prepared by the FDA staff. What this group normally does is they drill down and they look for anything that's problematic. That's worrisome that they need their advisers toe look at closely in the advisory committee hearing that's going to be happening on Thursday. Normally we cede concerns in these documents. They say things like this is something that we're worried about. We're not sure if there's going to be a safety issue in this group of people are these air side effects we've seen. Honestly, this is one of the cleanest reports that I've ever seen from the FDA. It it's really kind of shocking when you think about the pace. Of the development process that we've seen here. What they're showing is that there's about a 95% efficacy level for the vaccine, which we did. No, it's a range of as much is almost 98% is outside positive range for how much efficacy was could be getting here. Also, almost no side effect that we're seeing. There are serious now we are seeing a large number of regular side effects pain at the injection site fever headache, that kind of thing. It's interesting that we're seeing those more often in older people. People who are aged 56 older than in the younger patient population. So that's interesting to know that this might be even more safe and less difficult for older people to be getting. We're also seeing other details. Like what happens if you only get one shot how many other people had really unexpected side effects? So It's looking really good. At this point. The advisory committee hearing is gonna meet on Thursday. And we expect that the FDA is going to take action within within days, perhaps within hours after the advisory committee makes the recommendation of whether this should be available that all sounds like it's almost almost a done deal. My reading too much into it. You know, I honestly don't see anything problematic in this report. But, you know, certainly they have an advisory panel of experts. More than a dozen of them coming together. They've been given a much more robust set of data than what we have here. So if there is something to be found, these folks are going to be finding it at this point. It really doesn't look like anything that Terribly confirming with the visor vaccine was, um, you know, actually saying is surprising normally doesn't go this place like Of course, we did get some results on half his own excess. Today. Those look there were some issues there, so we know that issues do come up. So far. We're not seeing them aside until the fight your nature sounds awfully good. Thank you so much to Bloomberg's Michelle Cortez. Corona virus pandemic has hit hardest, those often with the least resources, including, for example, medical insurance. We welcome now, someone whose organization is dedicated to providing health care services to that part of the population. Nicole Lamoreaux is CEO of the National Association of Free and Charitable Clinics, which maintains 1400 clinics and pharmacies around the country. All supported by private contributions. And grant. So shall thank you so much for being with us here, Nicole give us a sense of what's going on on the ground in your 1400 legs right now. I think what we're hearing across our clinics, and what we're hearing from healthcare providers everywhere is that they're tired. There is a sense of we need to really focus on wearing our masks and social distancing because our providers are getting exhausted, especially on the front line providers that America's free and charitable clinics you know, After the was passed, most people thought there would be no more need for free and charitable clinics across the country. And nothing could be farther from the truth. Pre Kobe There were 28 million people without access to health insurance. Now during covert there 31 million people without access to health insurance. Our clinics are seeing any increase in demand. More people needing help, especially those that are losing their jobs and losing their insurance, and we received no federal funding. So we're looking at people toe donate their time as well as some funds to us so we can make sure that people are healthy because we also have to make sure we keep Diabetes and hypertension under control. So those patients are going to already crowded hospital Nicole just for background here that 28 million going after 31 million, as I understand it is still lower than what it was before The affordable care act. Is that correct? It's too before the affordable character was 50 million people. But I think that people thought that the CIA was this silver bullet, and it was going to fix everything for everyone, but rather it was a first step for some people, and there needs to be a lot more work done in order to make sure that those who are working poor people who are working every day are waitresses are waiters. The people are delivering our groceries have access to health care, because we're just a place were stop gap and free and charitable clinics. There's no way we can take care of every single uninsured. Person in America. No, I will say during Kobe, it sure has felt that we've tried because when we're looking at transitioning to something like telehealth 67% of our clinics transitioned on a dime to make sure that there were tele health issues. But as the next administration is looking at a public option, we really need some bigger conversations. We it cannot just be a health insurance card in someone's pocket. We need to have the free and charitable clinics at the table. We haven't been at the table before with other administrations, and we're really hoping that this administration will bring us to the table because when we're talking about health insurance, we have to talk about health care, making sure people have access to transportation access to broadband so that they can talk to their doctors and get the care that they need. Well, I want to talk about the new Mr Shin coming, But before we get to that, give us a sense for the people who can't do not have health insurance. It cannot afford to go to a regular place. What do they Do if they don't have one of your clinics. What's the alternative? The alternative is not coming to one of our free clinics is either they go to the end, already crowded Emergency department or, frankly, they just forgo care altogether And for going Carol together is not something that we need in this country because the more people who forget or don't take care of their diabetes are more people who go into diabetic shock. And then our death rate will continue to climb. And I know that sounds Emergency like for so many people in they can't believe it. But there but by the grace of God go I prior to cove in. Many of us took our health for granted. And now after coded so many people are losing their job in their insurance that it's overwhelming our clinics 74% of our clinics are reporting an increase in patients that need help s so let's go back to the administration coming in. You referred to earlier Nicole and what you make of it. We're gonna have I believe a formal role awed by the President elect Biden laid around this afternoon. Introduced Think people we know who they're going to be led by Mr Becerra, the attorney general from the state of California. What do you make of this team, and particularly Sarah because he was quite active in the Congress understand? On the affordable care act. Absolutely well. I think that many of us in the medical community were hoping for an active practitioner to be in this role. But Mr But Sarah has been defending the before the Supreme Court and he's also going to be the first Hispanic in this position. So we know that he has a real interest in those health disparities. I talked about before transportation and food and we think that this is very important. We also think that his role is and critically important because we know that black and brown people are dying at a faster rate due to Cove it and we know that there will be Real focus on this issue under his leadership and under the Biden team s. So it is fair to say I would venture a guess here that this new administration is not going to be trying to repeal the affordable care act the way the President Trump's administration was trying to do. But what can they do, if anything to expand it, and particularly if they don't have control the Senate? Well, I think the first thing that they have to do before anything else is we have to get covert under control, and we really have to focus on how we're going to roll out. The vaccines that people are going to be receiving free and charitable clinics are not in many of the governor's plans across the country as places that can give those vaccines..

Nicole Lamoreaux FDA National Association of Free a Michelle Cortez Diabetes Bloomberg Health America Bloomberg Biden Sarah President Senate CIA reporter Kobe Mr Shin California
Eli Lilly's Antibody Treatment Gets Emergency F.D.A. Approval

Bloomberg Daybreak

00:29 sec | 1 year ago

Eli Lilly's Antibody Treatment Gets Emergency F.D.A. Approval

"An antibody therapy from Eli Lily's been granted emergency use authorization to treat covert 19 Bloomberg health care reporter Michelle Cortez has more lily had some good data showing that it is affected that can produce hospitalizations help people survived the virus, and it's a medicine. It's similar to the one that Regeneron is working on, which is the one that President Trump Thie. FDA authorized the treatment for use against mild to moderate cases in adults that includes those 65 older and pediatric

Eli Lily Michelle Cortez Regeneron Bloomberg FDA
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:09 min | 1 year ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Covert and those who get the vaccine. And how many people get cold. If you don't get the study vaccine and in a pandemic because there are a lot of cases, this can happen much more quickly than outside a pandemic, so this whole process of vaccine development can be accelerated. And God and really be done safely as well. Johns Hopkins Bloomberg School of Public Health is supported by Michael R. Bloomberg, founder of Bloomberg LP. And Bloomberg Philanthropies. Telethon Interactive has been sued for patent infringement by icon health and fitness. That's the maker of the Nordic track bike, escalating the legal tussle between the two fitness equipment giant shares up by 2.8%. Fiat Chrysler has agreed to invest a CZ Muchas $1.1 billion in one of its two assembly plants in Canada, all part of a tentative agreement reached with more than 9000 local auto workers. Fiat Chrysler shares tumbling now by just about 1.4%. Recapping stocks. Laura's compete down now by 10 down 3/10 of 1%. I'm Charlie. That's a Bloomberg business Flash. All right, Charlie Appreciate that update your listening to Bloomberg BusinessWeek Carol master, along with Paul Sweeney on this Thursday. A lot of Headlines When it comes to the virus. We've got more curbs imposed because of Cove it over in the UK, Francis well, European nations are seeing record increases in new infection. So we're dealing with that rolls is seeing though some better news, maybe in New York City, a leveling off of infections in some of those hot spot, But that's not the case. If you take a look at a city like Houston there dealing with some troubling numbers. So let's bring in our own Michelle Cortez because she is Bloomberg News, Health, Science and Medical Technology reporter and she joins us on the phone from Minneapolis. Michele Always good. To check in with you and just kind of see where we are So among the headlines, you know when it comes to covert, whether it's the vaccine treatments, just the rising numbers and then let's not forget that we're also seeing The Harris Biden campaign Harriscampaign specifically now deal with an outbreak. What is it? That's catching your attention that you think everybody needs to kind of sit up and take notice about Number of of infections is on the rise in Europe and some other places. We're hitting record levels for the pandemic. We always did know that this winter was going to be more difficult. But it's not yet winter, right and we were only a little of October. So the idea that we are starting to see some really troubling things at a time when we should have learned some of our lesson in terms of how to behave in today, Julie to reduce the risk. That we're seeing it now when there is still the option of, you know, being outside is opposed to inside, keeping a distance wearing a mask and we're seeing the surviving members. I think that's very worrisome. You know, Michelle, I guess the question is assigned. Look at those numbers coming out of Europe and other places again. Yes, we did Expect some type of second wave is, is it just simply behavior issues or is there potentially a new virus out there? I mean, a new strain of the virus, or is this just US behavior? So I mean, that's the terrifying question. I mean, that is a very very or like I don't want you to say that I don't eat anything private sake, but that's a concern. I think that if that was actually happening, we would be seeing even much more dramatic members and we're seeing now and I certainly hope that that's not the case. I have not heard anything about that. So Yeah, yeah, crossed. Things to remember is that it's not just our individual behavior, a respiratory virus. Respiratory viruses are known to circulate in the colder months. Coming into the colder months. It also has no one to circulate easier in dry cold, air conditioned air, not air conditioning, but air conditioning right there. There's less moisture in the air so that the viral particles can spread. They can be a little bit longer in there and go from one person to another. All of those things are conspiring against us right now. The thing is that it's just it's so early days. Yeah, well, listen, Michelle, you know this, You know you've been reporting for Bloomberg, you know, day in and day out watching all of the developments. I mean, what do your expectations for as it starts to get even colder here? I mean, it's interesting to see New York kind of levelling off, and I do feel like this is a city that understands. Here's what we need to do, folks, and I feel like everybody's getting used to wearing masks, and we get it right. Some of us have been back to work and we understand the social distancing thing. And we don't even think twice about it. But I do wonder what your expectations are. It's really interesting. If you look at the numbers on Bloomberg dot com. We have a really great map looking individual states and see what's happening with the trends. And it really seems to me that States that were hard hit early do thing to have come down and have kept things down the increasing numbers that we're seeing in the US and perhaps across Europe. They're they're not as good of, you know, a mapping data that I've seen out there with these had a great tracking numbers places that have just continually risen. You certainly were things of the Midwest, the Dakotas that kind of stuff just on an upward trajectory, so they haven't yet basically embraced the sock. So to speak, Wave, you got to know how it's going to be in New York, and you reined it in in other places. That's not yet happened and hopefully hopefully we do get there. The other piece of it is, is that in New York? It was so intense. Yeah, exactly March April. Now it seems like it's worse. Numbers are much higher, but it spread out across an entire country as opposed to. You know, Manhattan, Brooklyn, Queens, and the fingers crossed. Everything is crossed right now, because I really hope it doesn't go back. Michelle. Thank you so much. You're always keeping us up to date. Just making us smarter. Michelle Cortez Bloomberg News, Health Science and Medical Technology reporter on the phone from Minneapolis. Alright, overto World National News with fancy lions in.

Bloomberg Johns Hopkins Bloomberg School New York City Michelle Bloomberg Philanthropies Bloomberg LP Michael R. Bloomberg Europe Michelle Cortez Bloomberg US Fiat Chrysler Minneapolis reporter Michelle Cortez Science and Medical Technology Houston Midwest founder Laura
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:32 min | 1 year ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Job or their small business went out of business. So the bottom line is that this really raises the specter of importance for getting the fiscal stimulus done and for making sure people have access to enhanced unemployment benefits and businesses can get a bridge loan to hopefully 2021 down day for stocks. Stocks slumped involved. Trading. His investors wait the implications of President Trump's positive test for the Corona virus, along with renewed efforts to forge agreement on fiscal stimulus s and P 500 index down 32 points a drop of 1% the Dow Down 134 down five tense as stacked down 251 a drop of 2.2%. I'm Charlie Pellets. Bloomberg Radio. You've been watching a special and listening to special coverage. I'm Bloomberg Television and radio monitoring President Trump's battle with covert in 19. He's now Walter Reed Medical Center, where doctors will be monitoring him and he'll be working there for a couple days. Let's get some more color on that homework Healthcare reporter Michelle Cortez she calls the co wrote This week's cover story for a special edition of Bloomberg BusinessWeek. You cover health, technology and medical science. Michelle to your best of your professional knowledge. How sick would you have to be to go to a hospital? Early in the outbreak. Doctors were saying Everybody do not come to the hospital unless you are severely ill. It is much better for you to recover at home where you can take care of yourself and you're not exposing yourself or others. Various pathogens. Honestly, not much has changed since we got that bad information early on in the epidemic. We do have two to products now that are approved for people, but they are for people who need to be in the hospital who are very sick from desert beer helps you get out of the hospital more quickly, But there's not evidence that it actually helps you feel more quickly or improved. Survival yet, and that's the message zone is a steroid that approved for people who are in intensive care who having an overwhelming inflammatory response to the virus. So honestly, I've perfected. So why the president headaches Walter Reed. Michele, What do we know about what we do know that the White House has said he is being treated with, but this is over general on antibodies and that he has received other medicine in addition to that, But what do we know about whether or not the FDA has approved that? The FDA has not approved this this Regeneron monoclonal antibody yet In fact, we only just got the first set of data on this product this past week. It would have been used in 275 people. So we're not talking about a lot of members here, but the news actually look really pretty reassuring in this group of people. Way to think about it is your immune system is your body's natural response against the virus, and what it does is, it produces antibodies to fight those andthe again. What this product from Regeneron is. It's a man made version of those antibodies. It's basically starting the early work of young men system even if you're in Vince's and hadn't kicked in yet, whether, because you're immune system stops strong or because you're not yet producing them because your infection's not that far along yet. People who actually produce their own antibodies in that Regeneron study did fairly well, so it's kind of good news on both. They didn't see a lot of side effects. People who produce their own antibodies did fine on their own people who didn't got a benefit from this Regeneron drug, so it makes sense if you're lucky enough to get it for general has said they given out a handful of compassionate I guess when you're the president, United States, you're one of the people who get that. Fair point. That was also the clearest way I've ever heard. Someone describe what that treatment is, Michelle. I'd love to get your perspective on recovery from this either The toll of the drugs take on you or recovery out of that, as in When Khun President Trump you back to normal. Well, we still don't even know how how bad this fire's going forthe President Trump most of the doctors that I've been talking to say the next 4 to 5 days are going to be really critical, were very, very early in the infection for him. We know that he's been tested repeatedly as everyone around him. So anything that is happening currently in his body. It's in the early stages, so how bad it gets that, But we don't know in terms of side effects from the drugs that he has gotten. Well, this is the drugs are also knew. Nobody knows what any of those side effects would be. That being said there haven't been any thing that is terribly concerning at this point, so unlikely that there was the side effect from that. Of course, the concern is why is he going to Walter Reed? Is it is going there because they're concerned that he might need to be on a ventilator at some point, and they want him to be present in case that comes up, or maybe they want to give him one day's severe with Delia. A relic, which helped people get out of the hospital more quickly. When Desert looks pretty good. We don't have a lot of big side effect from Matt ventilators and entirely different story. If that happened, it will be very bad news. So really, it's a waiting game at this point. Michelle. Thank you so much. Michelle Michelle Cortes of Bloomberg. Thank you for joining us. Great explanation of all that treatment, etcetera. Let's get some historical perspective here. Want to bring in a Bloomberg Marty Shankar spent many, many years in Washington, D C. Marty. Can you just put today in context for me, please?.

Michelle Michelle Cortes president President Trump Bloomberg Walter Reed Walter Reed Medical Center Regeneron Bloomberg Television Bloomberg BusinessWeek Michelle Cortez Charlie Pellets FDA reporter United States
Drugmaker Novavax begins late-stage vaccine trial in UK

Bloomberg Daybreak: Asia

05:02 min | 1 year ago

Drugmaker Novavax begins late-stage vaccine trial in UK

"Company Novavax kicks off the late stage of its vaccine study on 10,000 patients in the UK at least a quarter of the trial participants will be seniors. We get more now from Bloomberg's Michelle Cortez. It's very interesting how they're doing it. They're taking a new approach, and they're going to be combining it with a flu vaccine that it will know how it day in terms of fighting off both of the viral infection, and they're also really worked very hard to make sure that they're including a lot of people who are Divers, maybe high with a lot of minority population who have been hard hit by the virus. And other backs joins the ranks of AstraZeneca, father and others as vaccine enters the final stretch on the path towards regulatory approval. We

Flu Vaccine Michelle Cortez Novavax Bloomberg UK
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:13 min | 1 year ago

"michelle cortez" Discussed on Bloomberg Radio New York

"We are 13 minutes away from the open here in Australia. It's been a pretty decent week so far, the six up by more than 1.3%, but we're likely to see it'll wiped out today futures, currently pointing lower By 1.6% after a day off heavy selling in US equities, returning from that three day long weekend, the NASDAQ bearing the worst of it off by more than 4% CE and tehsil bearing the west of that, soft by 21%. Experiencing its worst day in history. We also saw AstraZeneca down by four and a quarter percent in after hours trade that this after a person involved in its covert 19 vaccine trial. Became ill so that story is still evolving at the moment futures that elsewhere in the region, also pointing lower. The Nikkei futures pointing loaded by about 85 points, right now traded out of Chicago low by 300 points. Traded out of Singapore Cosby futures They're pointing slightly higher, although they haven't traded since yesterday, and we did have some employment numbers out of South Korea a little while ago the August adjusted jobless rate falling The 3.2% much better than the estimated 4.2% to catch you up on commodities as well. We saw brand going below $40 for the first time since June, West takes us 36 44. Dollar catching a bid, particularly against the pound with breaks that storm clouds gathering again Yield on the 10 year 67 basis points but amidst a ll the selling Gold's looking pretty flats $1930 ounce. Alright, let's get a check now of what's happening in global news. Get over Dave Baxter in San Francisco. Yeah, Paul in the backdrop of your AstraZeneca story very interesting today that President Donald Trump Is continuing to say that there will be a virus vaccine by election day, tying the two of them together, and Dr Anthony found she's saying it's not impossible, but it is very, very unlikely. India and China are accusing each other of firing warning shots in the air along the disputed Himalayan border. For the first time in four decades, the U. K government is conceding it will break international law by attempting to rewrite the Brexit the forest deal, the government's leaders say it'll be very limited. Senate Majority leader Mitch McConnell says the Senate will vote Thursday on a Corona virus relief bill. House Speaker Nancy Pelosi tells Bloomberg the plan is fraudulent Command staff Rochester, New York Police Department resigning the mist of investigation into the death of a black man while in police custody. Major wildfires in California have grown in size. And number as the governor says he has lost patients for climate change deniers. Britain's Prime Minister Boris Johnson has banned gatherings of more than six people in an attempt to Ah fight Cove it and Rochester I mentioned that right chances, Rochester's police chief has resigned. In San Francisco I made by while repeating myself. I may as well get it back to you, Brian. I mean, we'll probably have better stuff. Yeah, I want to. I want to hear you repeat the line about how the governor it used the word lovingly. Oh, yeah, Governor, Newsome said today talking about climate change deniers. He said he lovingly likes to talk science, but Well, he's referred to them and lovingly fashion and when the governor does that, he doesn't really mean it in the traditional way that we think of lovingly. It's unveiled criticism for sure. Yeah, Yeah, Anyway, that's good One. Thank you very much had time now for the media review. Young China says that the Hong Kong listing the retail offer here of the listing that's coming up. Was 52.3 Times subscribe. And here's one from Nikkan Kogyo. Japanese paper saying that FBI Holdings has decided to withdraw from Hong Kong as soon as the fiscal year ends in March, as it has determined that Hong Kong's functionality as an international financial hub has Debilitated. From the financial Times Away, says that Japan is an extremely important area for business. Now, after it's seen a 50% rise in procurement has happened while the U. S was tightening up the noose On the Chinese telecom equipment maker and in social media in New York Times and the Washington Post sort of codifying all this into some of the backlash over the remake of Disney's Mullen. The film was partially filmed in Xinjiang, where Uighurs live under pressure. And so we've seen a lot of new criticism here in the past 24 hours, including from some US lawmakers. Users on social media pointed out that in the films credits Disney thanks government entities in Sinjar. One of them was the police Bureau in Turpin, and you had this blacklist that was created by the US back. In October, the Trump Administration put that bureau and other police organizations on a blacklist in Xinjiang. And U. S companies were not allowed to supply products to them. So it's not clear here if the U. S will scrutinized Disney's work with government agencies in Xinjiang And American politicians have waited and I'll give you one line here from representative Mike Gallagher, a Republican from Wisconsin. He tweeted out that while the Chinese Communist Party is committing crimes against humanity in Sinjar, Disney was thanking propaganda departments that are lying to the world about these crimes. And just a final note. We had already seen a lot of criticism here in Hong Kong. And call for boycotts and such. And that's because the movie star Leo E. Fe. He had said that she back Hong Kong police and the pro democracy movement here. That was very displeased by that. All right. That's the look at the media eight minutes before the top of the hour, Paul All right. Thanks. Brian. Joining us now is Michelle Cortez Bloomberg Healthcare reporter to discuss a pledge from drugmakers to avoid safety shortcuts on a covert 19 vaccine and Michelle very timely that you're joining us today because we've seen AstraZeneca declining after hours. One of the people involved in its covert vexing that night covered 19 vaccine trial has head on..

Hong Kong Disney AstraZeneca US San Francisco Xinjiang Rochester Brian Paul Senate Sinjar Australia Michelle Cortez New York Police Department Nikkei Chicago President Donald Trump South Korea
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:07 min | 1 year ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Company has been contracted by the government for the vaccine distribution. Bloomberg's Michelle Cortez says there is a shot at a vaccine could be ready by November. You would also require the Food and Drug Administration toe unauthorized before definitive trials have been completed. That being said the FDA commissioner has said that their good preliminary evidence that he would consider making an emergency authorization that would allow of vaccine to get out there and help in human services. Want to make sure that if that happened that Americans will have access The November Thursday eight suggest the federal government thinks the vaccine will become available just days before the US election. However, a federal official familiar with his plans set the date is for planning only and wasn't meant to influence the election. Well. The feds latest view on the economy shows some signs of progress over the past six weeks or so. Activity has increased among most of the Fed district. But Bloomberg's Elena Shoe Latvia says that the gains have been generally modest and below pre pandemic levels. So I think what this highlights is that the initial rebound from Ah, deep drop in economic activity is now starting to see So we saw a big jump in the beginning so in in May and June, and now it is just flowing, so I think that's what we're going to see in the labor market data going forward. The feds said continued uncertainty about the pandemic will have a negative effect on consumer and business activity. In the meantime, the payrolls date out earlier from ADP suggests that the labor market rebound does remain gradual. The Trump Administration is debating the scope and effective date of his bounds and the Chinese social media acts reach yet and Tic Tac. The US comments Department is also drafting documents to clarify the specific transactions that will be prohibited between the Chinese companies in U. S businesses. Sources said Details will be made public in the Federal Register later in the month is not clear whether the bands will go into effect upon that publication or whether there'll be a transition period to give companies time to comply. All right, Let's take a closer look at the markets here in the Asia Pacific will mention some rallies and a little broadening out in the action. Here's Doug prisoner Don't Yeah, Brian Right now I'm looking at the Nikkei higher by 1.2%. And if you use the terminal function W e i world equity indices. You can go inside the index here. And exactly or take a look at what's happening. Materials, consumer discretionary riel estate stocks leading this advance in Japan. We do have a little bit of weakness in the end that maybe helping out at the margins one of 6 23, but bear in mind. We had a pretty powerful rally here in the states, with both the S and P and the NASDAQ reaching all time high, so some pretty good tail winds. A TTE the back of equity trading in Asia right now in Seoul, too costly, better by about 1.3% inside the South Korean equity market Information tech leading this advance. Thie M live blood was actually making the correlation earlier between the record high in the NASDAQ even though Tech didn't really participate, and saying that we could see some follow through where information Tech was concerned in South Korean trading, also in Seoul material and energy stocks moving higher right now in Sydney, the air sex 200 pushing ahead By just about 7/10 of 1% interesting That energy is up in the Seoul session because we had weakness in crude oil. We were down about 3% of New York trading on kind of a dim outlook for refinery demand. And it was the weakness in energy stocks. Really, that kind of held the S and P back restraint it somewhat of the 11 industry groups within the S and P 500. Energy was the on ly one negative in the last session. By the way, we had the Dow breaking above 29,000 for the first time in the last session with again of about 1.6%. A dollar right now remains firm against the major's. We were up a bill a little bit in New York trading right now the offshore Chinese who wanted six spot 83 20 force or also stable against the dollar. And in the Treasury market 10 year now yielding 64 basis points. We came in a little bit in yield terms during the New York session. Terms of ICO data we did have the ADP employment survey. It showed that private employers added or restored far fewer jobs than expected in the month of August, But I think that many of the market we're dismissing it is having very little bearing On what we're likely to see Friday when we get the nonfarm payrolls I'm Doug prisoner at the Bloomberg Interactive Broker studio in New York has Linda Dog a warning uncovered 19 ahead of the Labor Day we can. With that and other global news here's mug Mills and the newsroom assessment. A cove in 19 continues to ravage parts of the U. S. New case counts are declining in some recent hot spots, but they're spiking in places like Iowa and South Dakota, as progress in one state is repeatedly offset by infections and others..

Food and Drug Administration New York Bloomberg US Seoul Doug Tech ADP Michelle Cortez Fed Brian Right Bloomberg Interactive Broker Asia Asia Pacific commissioner
CDC tells health officials to expect a COVID-19 vaccine by November

Bloomberg Daybreak: Asia

04:30 min | 1 year ago

CDC tells health officials to expect a COVID-19 vaccine by November

"Get down to business, Paul Yeah, Let's get to Michelle Cortez Bloomberg House Care reporter here to talk about the story that the CDC is getting ready for a November 1st vaccine distribution and the election? Of course. Is on November 3rd. Surely a coincidence, Michelle Absolutely that Department of Health and human Services is sending out messages to governors across the United States, asking them to make sure that they are ready to start rolling out that vaccine as early as November. 1st. We talked to officials at CDC and a J just to tell us assure us that they had to pick a date to set a target and the fact that it was November 1st couple of days before the election is coincidence. We do know that we are pushing ahead incredibly quickly with this vaccine, and they do want to be ready if it hit, But, you know, there's no doubt that November 1st is ambitious. So, Michelle, this wood is I understand it require the authorization of emergency use, and the FDA would have to grant that and I'm wondering where that stands in the context of any kind of Clinical trials can they give the emergency use authorisation without substantial data from a clinical trial? Food and Drug Administration has already said that it would be open Tio giving an emergency use authorization to a Corona virus vaccine provided that there is evidence that it is safe and it's some hope that it would be beneficial. There's almost no way that they would be able to get any kind of Finalized days. Three definitive data that vaccine was safe and effective. Certainly they wouldn't have any evidence that it protected you for any length of time because we don't have any of those trials fully enrolled yet. So starting today on September 1st. If you're going to have something in October or November, it might tell you that you're protected. Are vaccinated and then a couple of days later a couple of weeks later see in fact the virus, But what happens if you see it in four months or six months? There's just literally not enough time at the FDA has said that it doesn't require that definitive information in order to get something out there. Yeah, because there's a number of vexing candidates at the moment. I'm assuming we don't know which one of these has the potential to be rolled out in under two months. There are about two dozen better in human clinical trials. There are less than a half a dozen that are in these definitive phase three trials. Those are the ones that are most likely to make it. It's a really interesting as we're seeing the information starts to trickle out. Operation works beat. Some officials have said that they do expect that only about half of them are going to be effective. We've heard that only about 50 to 70% effectiveness race or what they're looking for, And so if you're being asked to get in line first for this, you don't know if you're going to get the one that works for the one that will ultimately find was really very helpful. And also it's just Some people are going to be wanting them right away. But other people aren't if your health care worker you're going to be asked to get it first, and it's going to be a case by case basis. So walk me through the process of coming up with the vaccine is one thing, but then putting it into a production where you can kind of scale up very quickly. How does that happen? Everything is happening simultaneously. Now what? The news today from CDC isn't about the production of the vaccine itself. That is happening. So what? What they've done here with Operation Warp speed is they're developing the vaccine. Before we have any idea whether they're even safe, even the most preliminary data they started making them so we are producing millions of vaccine doses. Now they were hoping you're going to be beneficial. That's already happening. The news today is that HHS is saying that we're going to be rolling these out with moccasin and they have to literally build facilities to do this at these vaccines have to be stored at incredibly low temperatures. We're gonna have to be kept in breathers in buildings that aren't built yet. And so what they're saying is allow us to make these distribution facilities allow us to put in this cold storage. If your state don't make strict rules that might hamper the building of these Processes and the ability to roll them out. And as they're starting to kind of get this online, please be there way best you can. So it's the third. She'll hear that dropping.

Food And Drug Administration CDC Michelle Cortez HHS United States Reporter Paul
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:41 min | 2 years ago

"michelle cortez" Discussed on Bloomberg Radio New York

"The Bloomberg 9 60 San Francisco newsroom edge Exactly right, Juliet Quick. Yuriko held a hastily organized news conference after the latest surgeon cases. It is the first time that the number of infections top 100 since May 2nd, she says most of the new cases were connected to people in their twenties and thirties and tide Tonight. Life entertainment. So Bloomberg's here I'd read a says she's asking for limitations. Predominantly host club's hostess clubs and another establishment for people are are very close together. Poor ventilation. You know, a lot of talking unclos contact No party on. And an H. K also speak of Japan Reporting LDP is asking the government to cancel a state visit from China's President XI Shrimping. A kaleidoscope of news today regarding Corona virus in the U. S cases rise the most since May 9th. Florida's infections jump by most ever Houston reported 4.3% surge in I C U patients says may need to tap Morbid Sze, the governor imposing mandatory facemask requirements. That's Texas. Dr. Anthony Fauci, meanwhile, says the virus continues to mutate, making it harder to fight. Bloomberg's Michelle Cortez here on Bloomberg, Daybreak says it pertains to transmission mainly now they don't have evidence yet. But if people who have this slightly mutated form of the virus are going to get sicker, but what it does look like it's doing is making it easier for the virus to go from one person together. Which is not. She also says it contemplates a bit the search for a really effective vaccine. But n I, h director Dr Francis Collins says Hope on the vaccine is on the way. We are all optimistic that the goal that we have set toe have a vaccine that works and is safe by the end of 2020 will be met by one of the vaccine and would be in circulation in early 2021. New Jersey governor Phil Murphy, meanwhile, opens up casinos and a number of other venues Today. First order raises the limited with signal this on crowd size for outdoor gatherings to 500 from its current 250. And that is effective tomorrow. While leaving on the emergency order is a safety valve. New York City Mayor Bill de Blasio was announced public schools should plan to re open in September. Senate and House leaders brief today by the intelligence agencies regarding alleged bounties on U. S military by Russia has met with pretty much whole Hama by Democratic leaders. Pelosi and Schumer, the White has put on the con that if you don't have 100% consensus On intelligence that you shouldn't be. It shouldn't rise to a certain level.

Bloomberg Yuriko Juliet Quick Dr. Anthony Fauci Dr Francis Collins Bill de Blasio New York Morbid Sze San Francisco New Jersey Florida Michelle Cortez China LDP Texas Phil Murphy Pelosi director Senate Houston
"michelle cortez" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:08 min | 2 years ago

"michelle cortez" Discussed on Bloomberg Radio New York

"Has old global news edge. Yeah, she's serious about it. The warning is growing. Juliette, You're right. Governor. Quick, A curate Cole hastily organized news conference after the last surge in case it's the first time the number of infections top 100 Since May 2nd, she says most of the new cases are connected to people in their twenties and thirties, tied to nightlife and entertainment. So Bloomberg's cure, O'Grady says the she's really putting on these these limitations now. Predominantly host club's hostess clubs on another establishments where people are are very close together. Poor ventilation, You know, a lot of talking unclos contact and also out Japan today in H K is reporting. The LDP is asking the government to cancel a state visit. From China's President Xi Jinping. Kaleidoscope of news today regarding Corona virus, US cases rising the most since May 9th. Florida's infections jumping by most ever Houston reports 4.3% surge in ICU patient says May need to tap more beds that governor imposing mandatory face mask requirement in Texas Doctor Anthony found, she says the virus continues to mutate, making it harder to fight. Bloomberg's Michelle Cortez here on Bloomberg. Daybreak says it pertains to transmission Now they don't have evidence yet that it's people who have this slightly mutated form of the virus are going to get sicker. But what it does look like it's doing is making it easier for the violence to go from one person together. Which is not, and she also says that complicates a bit the search for a really effective vaccine. But I h director Dr Francis Collins says he's very hopeful for a vaccine. We are all optimistic that the goal that we have set toe have a vaccine that works and is safe by the end of 2020 will be met by one of the vaccine. And being circulation in early 2021. New Jersey Governor Phil Murphy opens up casinos and a number of other venues. First order raises the limit and with signal this on crowd size for outdoor gatherings. 2 500 from its current 250 that is effective tomorrow, well, leaving the emergency order as a safety valve, New York City. Meanwhile, Mayor Bill de Blasio has announced public schools should plan to re open this September. And I'm just reading a report upon the Bloomberg from Sea and then the first word reports that the U. S National Security Council Has hosted an interagency meeting to discuss plans for a new pandemic Response office. Now there have been a lot of chatter that he was going to that the president was going to disband. Thie the Corona virus task force and replace it with something. So if this report is true, that's what it looks like. It will be some other office some other way. In San Francisco. I'm Ed Baxter, This is Bloomberg. All right, Brian. All right. Thank you very much. Let's get to global sports would bring in Dan Schwartzman moment ago. I was thinking What's the plan? Stan? So just put it to you like this. Where the fans Dan Good one. Brian will organizes the French Open say.

Bloomberg Mayor Bill de Blasio President Xi Jinping Governor Phil Murphy Juliette Dr Francis Collins Brian New York City US New Jersey LDP China Dan Good Cole Dan Schwartzman Japan Michelle Cortez Stan Ed Baxter Doctor Anthony