36 Burst results for "Mike Bloomberg"
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"Mike Bloomberg at Solomon brothers. And Mike took the information and convert it into decisions on a regular basis, and it put him in a very strong position, competitively, but it also proved to him the value of having good heart information. And you can't deny anybody can have good heart information, and not use it. He was really good at using it. And that's characteristic of why he's been so extraordinary in his successful years and years and years later. So all of this is really fascinating. What made you 19 books in decide to say, hey, you know, it's time to tell the inside story of Vanguard. What led you to saying now is the time. I was a director of Vanguard, I had worked with Vanguard as a strategy consultant before being a director. And I was deeply convinced that this was for almost any American investor. The right way to do your investing. And that it was low cost. High value, yep. Reliably delivered the systematic way. And that looking at as a director, it seemed to me very, very clear that Vanguard was way underestimated by almost everybody. The clients of Vanguard underestimated how good a deal they were really getting. People who weren't clients of Vanguard were crazy not to know what the facts were. They could make their own decision, but they should know at least what the facts are. Here's a better way of being able to get good investment guidance and information. And as a director, I said, you know, I think we really are making a big mistake not to make it clear to our own people. How good a deal where they're getting. Everything about Vanguard is an organization is modesty. And particularly with Jack Brennan, who was very much mister modesty. And it just didn't take off. And then after I left the board, Jack and I were both advisers to a very, very large investment fund, and so it gave me an opportunity to make the pitch to him one more time, and he said, you know, I think you're right. I think this would be good for investors. I said, but Jack is going to be good for Vanguard too. He said, yeah, but it's really good for investors. So let's
Bloomberg Surveillance
Fresh update on "mike bloomberg" discussed on Bloomberg Surveillance
"Paul ask another question but for our listeners i just want to be sure those of you get out your pencil because we will ask Mr. Arby about an individual stock selection and for those of you with our merch the surveillance Pencil you of course know that if you use the surveillance pencil to take notes with David Sowerby the stock stock always goes up. Exactly right. David um Tom Kean is a big fan of playoff baseball is a there way that he can invest in baseball business the most winning team is the Atlanta Braves publicly traded it's now officially spun out of Liberty Media so what you're getting is you're getting the baseball franchise which is quite valuable the Atlanta Braves plus I think the kicker is you get the real estate development around truest stadium and that's got a good value as well so at $37 a share you could potentially be looking at a $50 dollar stock if it now gets its own separation out of Liberty Media see if a guy how do you do with some of the parts of a shortstop well it's not it's not going to be a discounted cash flow I promise you 95 % of the time those are those are wrong it's just trying to look at how much free cash is the company generating what's their what's their organic growth rate and and I think you get to a meaningful appreciation in a name like the Braves Dave you must love dr. John Malone because at Liberty because he's always spinning out companies here and there and trackers and all that kind of stuff yes and Tom will remember we've had conversations on radio on TV about the outsiders not SC Hinton and soda pop or whatever the kids names were but the outsiders of which John Malone was one of the very best CEOs profiled as a skilled allocator of capital and shareholder return about Calanova talking about spin -offs that was an IPO was that a pretty high profile IPO this year and had a lot of brand awareness big IPO traded well it's come back what would your thoughts on Calanova I like it because first I like the spin -offs I like what Calanova is gonna be Pringles, Cheez -Its, there you go yep the the Morningstar which is the non non meat division Coach which was going to have its own spin but then Kellogg decided to keep it within the food division at $53 a share I think you've got a valuation that trades at a little discount to some of its peers like Mondelez and they're gonna grow the dividend at 10 % and they're offering a 4 % yield that's why it's in our small mid -cap portfolio but it's just a revenue is asking for a friend who doesn't like a Cheez -It exactly they have their video cams of me in the Bloomberg food cart Mike Mike Bloomberg you know kick track of that time yeah you big know lighting up on the Cheez -Its David Sarby thank you so much David where are we from a year now how much up we double digit are we single digit oh I promise you I'm gonna be wrong Tom but in that heroic forecast I think from these levels we're probably 8 % higher it's a little below average because every cash flow yields
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"With. A crime has been committed against Ukraine and we demand punishment for the murders of thousands of people. Russia's unjustified aggression towards Ukraine continues to weigh on the economy in Europe and beyond. The one in Ukraine is causing food and energy prices to skyrocket. We have got to get inflation behind us. I wish there were a painless way to do that. There isn't. The Federal Reserve is wide behind the curve. There will be a Central Bank wide behind the curve. I don't think we can ever go into a full lockdown. We just can't do it. We can not have the same sort of lockdown. We see in the mainland. The wheels of history are rolling on towards China's reunification, and the rejuvenation of the Chinese nation. We are starting to see a series of decisions being taken by both countries that will lead us into more and more dangerous territory. We are on a fast track to climate disaster. Famine is at the door. Back today, we are receiving a final warning. We have to keep trying and train and train. But the world must stand up. If our citizens have to live a better life. We live in a world of shocks, so many crises, all at once. It's time to take a hard look at these challenges and what it might take to skip them. This is day one of the Bloomberg new economy forum reckoning. Going to take you back to the Bloomberg new economy forum, may auditorium, Mike Bloomberg, the founder and majority owner of Bloomberg LP, taking the stage for his
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"A bit of a rattle and perhaps Asian FX trading times, but by the time the bomb market came in they went, I don't think so. And there's no way the failure would have said that. And she said he Bailey said we say replaced probably a week or two or three weeks old information with regards to what would be sensible. Don't get me wrong. I mean, you have to report it makes evidence then. And that's what we're all being led to expect, particularly as of Tuesday, they've said they're fire sale dynamics and we have to do things to create market stability. And then boom. So everyone delivered a shock here. We've got a lot of sales of actual guilt going through this on a decent sized 5 year went through this morning three and a half billion pounds. We've got much more issuance coming out anyway. So it's supply from the government's increasing. We know now that supplies coming out of the Bank of England increasing at the same time as they're taking away our little taking it. Big safety net if you think up to a 100 billion pounds is quite a lot of money really, isn't it? Marcus, I mean, Bloomberg headquarters, Queen Victoria street, phenomenal building that Mike Bloomberg built for Bloomberg's European headquarters. It's literally around the corner from the Bank of England. You can see the Bank of England from our offices. If you were to walk across the street, what would you tell them? What would you tell the bank of the what would you suggest I know you've got a column out there today. What would you suggest a Bank of England do? Well, as I said, it's about a lob wedge away, maybe a 9 hour depending on I think I'll be continuing to far go for that one. Hopefully that they might see what's rattling the windows and realize that perhaps they should wake up from their slumber. And maybe get the two most important people back from Washington. Right. That would help. I think that there's no need for me to be foreign golf balls. I think the guilt market is doing it well enough itself. I mean, you look at a 30 year old back about 5%. I mean, you could say, yes, no doubt about it with ten year treasuries at 4% ish near about. This is not just underlying, but this is a guilt market. All right, good stuff. Marcus ashworth with his lob wedge. Bloomberg opinion columnist in London, Queen Victoria street, literally a phenomenal building for Bloomberg. If you're ever in London, take a look. Right now, with our news in New York City
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"I mean, it's like, it's like playing a line. But the Giants, I guess, are going to go see the vantage Chicago Bears or the bears of my memory. No, no, the Gale sayers era. The Giants like destined here. They're scheduled suggest there. The giant ship Windows game. Yeah. It's going to be an extraordinarily boring game, I think. Yeah. It's going to be a lot of hours of my Sunday. It's going to be a lot of low scoring games, in fact. A lot of that are going to be out there this Sunday. Well, you know, I just learned that Damien Sasha from Bloomberg intelligence is a sports betting. He's a dynamic maniac. I just think he works with just a knock into Mike Bloomberg in the food court. He's the only reason he works here. The show is a very good show. It's a good show. Seriously, folks. And help us here, Michael, because it's unimaginable to our youth, we would never do a show embedding in America, but here we are. Here we are. It's a whole new world after all. Yeah, I mean, even thinking of it Bloomberg. There were 5 years ago. We have never done a show. But it is a big business. Huge business. And Damien knocks it out of the park. How are they doing? Because you guys are all level headed about this, but there is addiction there is harm in bedding. How are we doing nationally at that in the business of sports? Well, you got to be careful out there, folks. And I say this all the time. And I like to have fun, yeah, I'll put my little 20 out there and of course I'm yelling and screaming when someone fumbles this and that, whatever. But that's just it. You do it just to have fun. Don't go out there thinking you're going to go out and make money and you're going to be like the big time sharps that we're going to put tens of thousands of dollars on a game and no, don't think of it like just go out and have a little fun and that's about it. Are you betting the mortgage tonight on judge popping one? Yeah, it's, well, the pressure is 22 cents. But the pressure's got to be hard. Well, they're playing Baltimore and keep in mind, again, Baltimore, they're still in a playoff fund. I didn't know that. I still have to play off on it. By the way, the mets, they've called open Francisco Alvarez, they have been playing a huge according to a source. They're playing the braves the night in a huge series. Yeah. The source was Lisa bramwell. Yeah. Michael Barr is Bloomberg business of sports and active time for sports and Damien sasar with an important show on sports betting look for that. I'm Bloomberg. Futures at negative three. The lineup. Progressive presents. Don't do it yourself. Okay, fixing the water heater. Easy peasy. Oh yeah? So you know how to secure this gift joint? Yeah. Detach the steam pump? Text two seconds. And fasten the doable to the pressure tube. Yeah, I'm a dad, Tommy, I do that. Oh, that's interesting because I made all those things up. Look, we should just bundle our home
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"Is Mandela Barnes? He's a defund the police Democrat. In defunding the police has to happen, watching the news, you wonder, has the rest of the country lost its mind? John fetterman's trying to get as many criminals out of prison as he can, far left John fetterman, dangerously liberal on crime. Is crime trumping? The economy now? I don't think it's trumping the economy because of what's happening. And I think Democrats had a very terrible week last week when you think about the inflation numbers and the previous weekend now the stock market being at the low point of 2022. So I think this is an economic election. But crime as an issue has risen and it's risen for very legitimate reasons, which is that crime is up in a lot of cities and people are concerned about it. So it is popular for Republicans to talk about because people are looking for solutions. And that's why the ads reflect it. Jen, I want to play you, though, an interesting ad that ties abortion rights and crime. It's an Arizona. Take a watch. She wouldn't force pregnancy on victims of rape and incest. Enforcing that law now makes cops responsible for going after doctors and nurses and medical teams who can be arrested and charged criminally. But it's a waste of resources. Precious resources that we need every day to keep our community safe. I'm not sure how this is either really effective or you're trying to get the voter to take two issues and time together to try too hard. I don't know, but an interesting response. Yeah, look, I think that Democrats, if the election is about who is the most extreme, as we saw, Kevin McCarthy touch on there with Marjorie Taylor Greene, I'll say her name, sitting over his left side, then they're going to win. If it is a referendum on the president, they will lose. And they know that. They also know that crime is a huge vulnerability for Democrats. I would say one of the biggest vulnerabilities. And if you look at Pennsylvania, for example, what's been interesting to me is it's always you follow the money and where people spending money. And in Pennsylvania, the Republicans have been spending millions of dollars on the air on crime ads against veteran because that's where they see his vulnerability. So yes, the economy is hanging over everything. But you do have to look at state by state factors and crime is a huge issue for the Pennsylvania race. Are you concerned about democratic big money? We did an analysis that showed basically because Mike Bloomberg and Tom steyer don't want to be president. You're missing about $50 million in big super PAC money. That's a big gap. It's true. What I will say, that's a good news for the long term is that where they're spending money is on state and local races. Something that Democrats and big money Democrats have not done for a long time. The disadvantage that one's super PACS, Republicans have, even though they're a lot more money there, is that the costs are higher. And there's only limited ad space available. And by law, campaigns get preference over super PACS for ad time. You want to restore it real quick. Look, I think with respect to money, in Democrats have the advantage, not Republicans, and it's because of the small dollar donors. And it's for the reasons that Jen just outlined. And so, you know, this kind of hysteria that we've seen in the press that last couple of weeks is really a democratic cry for these big donors to step up, but they're not at a disadvantage. Fair, we agree. How about that? All right. We will, that's a great way to end this panel segment. When we come back, I'm going to show you a new way to look at the immigration
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"Is Bloomberg business week with Carol masher and Bloomberg quick takes Tim Steven from Bloomberg radio We are talking some big macro global issues right now You know that we talk about it all the time on air which is why we also need to remind ourselves that it's always important to check out things from the ground level up For an inside look at a market that's fast becoming one of America's most desirable we turn to Chattanooga Tennessee and the mayor of that city Tim Kelly Chattanooga is home to the country's fastest and most pervasive Internet service It's unemployment rate is hovering near 3% and it's becoming a haven for people who have the option to work remotely In fact it's so popular among people looking to leave bigger cities that locals fear they could be priced out of the housing market It's getting there And so we've jumped on it pretty quickly I announced a $33 million allocation of a city budget which is city size chat news a pretty good chunk And then I'm going to use my experience in the philanthropic world to really work with our local foundations and national foundations to try to raise a 100 million total and then also contribute a lot of city property that we have towards the effort But it is a form of inflation and you have to get on it early and often So there's a lot of buildings going up Thank God you know the swatching issues seem to be sacking up a little bit but we are going to have to be very intentional about increasing supply What is typical cost of the house for a family or housing for a family there And how much does it increase in the last two years So the stats I've got I want to say the median household price 5 or 7 years ago was like one 59 and it's gone to want to say two 72 90 somewhere in there So that's a pretty meteoric jump So mayor Kelly you know that there are people in the New York metro area saying okay I'm packing up and moving to Chattanooga I mean that's the thing that's going on right The perspective of I'll take two right Exactly Exactly I mean that's part of the appeal It sure is right There's no question about it Plus the Internet plus all the green space It's not really that complicated But the trajectory it's headed on I mean that's great That's what we're here to do or I'm here to do is to try to sell Chattanooga and push economic growth But again my job as a Goldilocks problem So I have to have to push hard You know I wanted to talk to you about roe V wade because it's a business story And Tennessee is one of about a dozen states I believe there are 13 that have the so called trigger law So abortion would become illegal if the Supreme Court overturns roe V wade We see companies speaking out about this especially that companies that have employees in states where so called trigger laws could take effect What would you say to somebody who's concerned about moving to a state where abortion could become illegal Well I am concerned about it right The break on economic growth could be significant The flip side as a city mayor right I kind of try to live by the old serenity prayer and worry about what I can control and not worry about what I can't control And that one is well above my pay grade But I am concerned as I think most business minded people in the state of Tennessee are And I'll leave it at that Okay but I am going to follow it 'cause you said you're concerned about it being a break on economic growth You could see something like that slowing either companies coming to this coming to the city or expanding within the city Yeah Yes of course right I mean I think history has shown that companies and workers particularly the knowledge economy want to be in diverse progressive cities Is that right And that is sort of anesthetic to running the opposite current from overturning early weight That said Tennessee has always been a very pro business state and has pro business leadership We'll see how it all plays out but it is of concern for us You know I do want to point out just full disclosure Chattanooga among the first aid city selected for a nationwide initiative to improve government performance and transparency through civic data We're talking about Bloomberg philanthropies what works cities And which is providing support and training for mid sized cities including your city I mean what does it mean to be a modern city today Well again I guess I came at it from business And philanthropy not from politics And is that an advantage I think it's a huge advantage I mean again Mike Bloomberg candidly is my hero I come at it from the same direction that he did Executive politics is a very very different non ideological exercise Then legislative politics My job is to run the city like a Swiss watch right To really have the machinery of government work And I don't think that's a trivial undertaking because we ran on my whole campaign based on filling potholes which seemed really probably about analogy but pedestrian But what occurred to me through the course of the campaign was people want to know that government can solve their problems And if you can't solve their simplest problems they're not going to trust you to solve more abstract problems I mean democracy I think it's fair to say as an institution is under threat And I think cities are where we can prove that democracy works and that government can still solve people's problems But all people All people's problems How do we make sure that Because that's the world we are in Here we come off as two year pandemic right And we see the gaps have just widened I absolutely And so the thesis of my campaign not to get too political was one Chattanooga I published a 40 page strategic plan That's basically relies on two tenants One is creating government that works better for all Chattanooga's But the other one very frankly is getting the difficult topics on the table and talking about them until we fix them And that's racial equity right And as Rafael bostic eloquently said the Atlanta Federal Reserve racism is expensive It doesn't work And so you know the gaps between the black and the white community and Chattanooga are worse than they are nationally And it has to change So that is a very explicit goal for us is to close the gaps in average income and network between our black and white communities And again look I'm a startup guy an entrepreneur a lot of it will be focused there A lot of it's focused on workforce development adult learners and of course good old fashioned education We need to fund from early childhood to post secondary We need to fund our educational institutions better All right so I'm going to say I feel like we've been having these conversations and I'm not I'm targeting you because you're here But I mean it.
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"Problem for the federal has always been they don't know when to stop because works for the lag policy implications So you end up with in this case there's a lot of people who worry they will have to raise it enough to cause a recession But we just don't know because I can't emphasize enough this has been such a unique experience There's no real model that's comparable God knows that's true Mike and as we see these numbers beat targets now two months in a row and see revisions move higher it's clear that they're having trouble forecasting this right Oh I think there was a statistic I mean in this quote the statistic I'll give you an idea of the range that one of our economists figured out today that there have been something like 299 economic forecasts for jobs over the last two years and maybe three of them were in the range Of being correct So economists are doing their best to try to guess at what's going to happen But it's just so hard to know Mike McKee was always a pleasure Thank you Mike Bloomberg economics editor Here on balance of power Coming up how can we reduce our dependence on Russian energy We're going to be talking about that in just a moment as we wait to hear from President Biden We can see the room now by the way Of course this was an add on I'll just mention quickly We have a two minute warning so he could be coming out imminently here He never really know with the way this stuff works but I'm looking at the room there in the south court auditorium Which is across the driveway from The White House and the old executive office building They've got a stage set up podium a future made in America reads the backdrop with a couple of flags This was not supposed to be a jobs event It was actually supposed to be about exactly what you can hear making more goods in America which has been a big drive for this president something that he talked about quite a bit during the State of the Union address So when he does speak about the jobs report we will of course bring those comments to you here on balance of power here on Bloomberg radio as you would expect I'm Joe Matthew at world headquarters in New York And we're going to bring in the president's comments in just a second Just another moment here and continuing our conversation from last hour with Bloomberg's creedy Gupta fascinating conversation about jobs because there's so much we don't know and there's so much that we can not seem to forecast is next month going to be another wild card here This is just the world we're in It kind of seems like this was a huge surprise today 637,000 the estimate was already extremely bullish over 400,000 So to beat that is significant to me what's even more significant is the fact that the market didn't really react at all because it kind of feels like this labor market recovery is something that investors have now taken for granted We know the U.S. economy is thriving We know that the U.S. economy is doing well And it kind of seems like barring anything kind of huge like perhaps another lockdown for example That progress isn't really going to be deterred by anything and it kind of seems like that's the mentality that investors are taking right now when it comes to the jobs market The president mentioned last night or the two nights ago the State of the Union well actually we're going to hear from him right now here Let's list it live at The White House Here's President Biden on Bloomberg President joined on stage hail to the chief by a couple of the CEOs are going to be speaking with him about this made in America program And while the introductory marks are going on we'll continue our conversation with creatine We may as well just do a whole show together What a great pleasure for me What does he need to say to the markets today Obviously we heard from the labor secretary Marty Walsh It's his job to go out there and talk about how great this is and how the president's policies are working But there are concerns about wages There are concerns about available workers participation There are 6 million jobs open still How does this president speak to Americans and employers about what needs to be done Well it has to really come down to it comes down to purchasing power right There's no really country like the United States when it comes to purchasing power And when it comes to the American consumer right now And so that seems to be at least from a market perspective what we need to hear from Joe Biden the idea that those costs of surging costs that kind of concern about demand destruction whether it comes to gasoline prices or food prices or simply commuting essentially that road trip that you want to take on the summer with your family That's not going to be threatened by what's going on in another part of the world And that's the kind of reassurance you really want to hear from him at a time when you've already heard from the Federal Reserve that they are actively targeting inflation The question is how do you actively target American wallets and make that dollar go further It's interesting when you're speaking with Cecilia rouse last hour about the inflation the administration has made this a daily conversation for months now They've brought CEOs in to talk about supply chains They've tried to help loosen things in the ports They've tried to deal with the matter of COVID of course that has a role in this but these are all long-term efforts Is it a realistic conversation to talk about fighting inflation in the near term unless you work for the Federal Reserve It is a realistic conversation because something you're hearing from the markets in particular let's take the politics out of it for a second Keep it very objective One of the things you're hearing in for the market is what can the Biden administration do to target oil prices in particular And we know of course from his whole simply that those gasoline prices really reflect on his performance And one of the criticisms right now in the market for Joe Biden is that the Biden administration hasn't done enough to encourage shale production and to encourage the ramping up of production And that of course have feeds into just the idea that he's very pro climate pro energy transition So this kind of geopolitical conflict and this really lack of supply is coming in at a really horrible time when you're really trying to watch.
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"She once put on at Caroline's the comedy club here in New York City but I also mentioned the documentary Carl because I watched it last night and it left me with two unanswered questions that I'd like to get to before you and I wrap up And the first concerns Succession at icon enterprises it's not exactly clear coming out of that movie whether your son Brett will or won't take over for you At icon enterprises Have you decided I don't even think it's a decision I mean what rev said is sort of true And I think you summed it up Look as long as I'm healthy I enjoy what I'm doing I'm an old guy but you know I haven't lost my marbles and I think I'm real good at what I do You know I sort of over the years perfected what I do And I enjoy it So I don't want to give up the range and maybe I could get a few things done in different areas But after that bread is a very competent guy And I think it's going to work out that he but Brett is I don't think any of you would say it himself He's not an operator so much as somebody that goes out and sort of does what I do And by the way I'm not an operator either In other words I don't go with take any credit for saying I'm going to this company I'm telling you you should build a building here where we should do that We get into those companies and make sure the operator is producing the numbers he thinks he'll do but he should be doing And helping them with M and a We're really good at M and a So when the water raises money for something we look at that and say that makes sense let's do it And then we get the money for him and that kind of thing And that's what Brett is very good at And I think spaghetti that is my son I think he'd be the kind of candidate I would have to be the successor So obviously I think Brett himself would admit a realize and say it that he's not the guy that's going to be the guy the hands on guy at the different companies to operate him But that's not what we do You know we have guys running the companies Only on rare occasions The second question I have Carl for you is about legacy This unanswered question if you will from the documentary you signed the giving pledge and in the film Bill Gates says that means you've committed to giving away more than half your wealth I know from Mike Bloomberg that giving away many billions of dollars is challenging right It takes thought it takes time It takes effort And here we are as I mentioned at the outset it's your birthday your 86 years.
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"Prices are going up I'm shocked Going up a little faster than people expected which is why the surprise component we saw 7 and a half percent for the headline CPI this past week and that was the highest since 1982 Interestingly enough one of the analysts broke it down and found that one of the major reasons we saw prices go up as much as they did was an increase in the price of electricity and the biggest rise in that price of electricity came in the northeast where we are perhaps some of that snow we got The largest increase in electricity prices since 1978 Okay but that's not going to last The issue is do we see inflation start to fall back start to increase at a slower pace Next month in time for the fed's March meeting or is it going to take a month or two after that Before we see some progress towards what Wall Street economists generally expect and that's a slowing pace of inflation All right let's get back to high school economics They told me it was inflation is too much money chasing something like that I hate that definition by the way Where's it coming from There is a lot of money in people's bank accounts because the government gave it to them during the pandemic And the fact that they did not go out and go to dinner they went home and called up Amazon or Walmart and bought stuff So goods were in high demand And that was those stimulus checks have run out so at some point Well we're still waiting for a lot of the goods to be delivered That's the problem Companies had to order them and especially from overseas that it's getting harder and I'm looking for somebody to blame here and you're telling me there's so many complex many different things to blame Yes Or not blame at all It's just the way the economy sort of ebbs and flows A lot of people are trying to figure out where we're going from looking at past business cycles But this isn't even really a business cycle And the business cycles come to an end because inventories get too large people stop spending because they bought too much stuff In this case the economy was fine going into the pandemic We just turned off the switch And now starting it up again has created problems And we don't know the fed doesn't know exactly how it's all going to work out which is why we get these surprises Okay one of the reasons you're here were previewing the fed minutes that come out after their meetings What is that going to say And what sort of indication does it give us in terms of the monetary policy from the independent Central Bank Well we pretty much know what they're going to do but there are two things that it could tell us One is we can look at the discussion about when they would do an interest rate increase and how much they would do Were they talking at that meeting about the possibility of doing a 50 basis point increase at their first wait a second Let's just call it half a percent Half a percent You don't want to get too technical here For you high school economic students Half a percent instead of a quarter percent And if they were if there was a lot of consensus that they might have to do that then markets might reprice on that And the other is the ongoing question about the balance sheet And when they are going to start reducing that it could be announced What's the holdup Well there's a couple of things One is that they were still buying bonds because they are trying they were trying not to confuse the markets by stopping that program short and they're not buying a lot These are still making That ends that ends next month And then they could start the balance sheet reduction any time but they want to start they would prefer to get several rate increases in ahead of it But what's the big gun that goes after inflation It's not scaling back the balance sheet It's normally it's the rise in interest rates because then discourages spending borrowing you don't want to buy a new car if you have to pay a lot of money You're still just parenthetical back to the high school economics when the economy is really booming Inflation really steps up what you've got to do You've got to step up to the plate as the Central Bank And slowly And slowly You do that by raising the problem we have here is that this again as I said was not a normal business cycle and it's not just a demand problem It's a supply problem And the fed can raise interest rates every day this year And it's not going to get some of these truckers off the bridges and get the ships into port in Los Angeles and all these problems with getting stuff to us What's the lag time between raising and industry by the Central Bank and the time that we see the impact of that Some say now maybe 9 months But whatever the fed does on March 16th isn't going to hit the economy very hard until towards the end of the year which makes them cautious because they don't want to get to the end of the year Find that supply chain problems have been solved And we're starting to see inflation significantly fall And then they're starting to throw people out of work because they raise interest rates All right thanks Mike Bloomberg's Michael McKee And.
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"Way up as well So Steve Larry says we should be having great hikes He's been talking about this for the better part of a year now Do you think we should have more than three rate hikes next year Well I don't know yet Obviously as Janet Yellen is to say the fed is data driven and you take each month or quarter at a time But I agree with pretty much everything everything Larry said but I would just make this point like we talk about oil having leveled off There's no guarantee that oil is going to stay where it is It's not a function of some specific supply disruption or something that's going to be easily corrected It's largely a function of global demand and global demand isn't going down at the moment And so I think there is a lot of not just in core I think there's a lot of inflation that is really stuck in the economy And yeah I think Larry's right If the fed is really serious about getting back to an average of 2% it is going to take a lot more than three rate hikes over some period of time But is the fed going to have some assistance on the fiscal front in this sense the we're not going to have the same level of fiscal stimulus that looks like going forward as we have in the past Well we do have potentially more fiscal stimulus coming into the economy if they pass the bill back better plan where the deficits are now and the paybacks are later maybe And so that would add a 150 to 200 billion a year to the deficit That's not a huge number in a $22 trillion economy but it's actually more stimulus And so I don't see and you've also got most importantly what's really driving this as Larry's ferman likes to point out you've got over $2 trillion of dry powder on the sidelines Savings that people have above what would normally be expected And that's what's coming back into the economy now and that's what's really creating this And that's still a lot of money Left to come swirling around this economy See as we talk about inflation and obviously hindsight's 2020 But how did we all get it so wrong with some exceptions maybe How did we get started How did the fed get us over there Projection has been really off The White House the projection really often we don't usually get that wrong do we Well first of all we haven't had inflation in 40 years So I think this is a question of how you really model the stuff and what goes on in the economy I would say there was a bit of PTSD over 2008 and the feeling that we didn't do enough post 2008 both on certainly on the physical side maybe on the monetary side And so a chairman Powell he's certainly was singing from The White House's hymn book in terms of a very dovish lean in kind of stance And we just rushed to pour all this money out Now the piece that I would say I certainly missed and I think Larry would probably agree I don't think we anticipated the supply side problems I think we got the demand side right but I don't think I never imagined this level of supply side problems due to everything from COVID in Malaysia where semiconductors pass through to workers not wanting to go back to work all the things that we were just talking about Yeah probably certainly seems to be going away And I'm going to say Larry in the past on this program is that you know he didn't fully anticipate the supply side of this The supply chain problems So let me turn to you as an investor on behalf of Mike Bloomberg One of the big stories is the COVID virus Now we have the omen crown variant None of us I daresay our epidemiologists We can't know what's going on And by the way even if we were I don't know that we could predict what's happening with virus But as an investor what do you do about that Because it could well affect your investments Of course it has affected our investments And I would say in several decades of investing I've never been in a position where I had to analyze things like this that went way beyond the normal parameters you look at as an investor And so it is introduced a level of volatility into the markets It's introduced level of inefficiency into the markets You see stocks reacting in strange ways and not anticipating events the way the market is usually good at And so it is made life very very complicated And economists to Larry one of the things that may well affect is the supply chain problem I think one of the big questions about any time we're talking pandemic is the way I like to say it is how does it affect the number of bartenders relative to the number of bar customers Because the thing about the pandemic is that it affects both demand and supply And so you know it's going to be bad for the level of output because there's going to be less demand and less supply But with less demand and less supply you don't know what it's going to mean for prices And that's one of the puzzles in a lot of the discussion Everybody said a year ago that year and a half ago that we needed all kinds of stimulus because of the pandemic coming Now there are many people who say the fed doesn't need to tighten because the pandemic is going to end And people are going to come back to work Those camp both are unlikely to both be proper logical propositions I think all Macron does introduce substantial uncertainty into the future and probably even more for emerging markets than for the United States and Europe It does certainly put an extra range of uncertainty And I also think that we shouldn't be so callous as to analyze it entirely through the prism of markets or the prism of GDP statistics even if we don't even if it doesn't have any effect on mobility and lock up policies and people are still flying planes are much more pervasive virus is going to have a set of human consequences Well it's fair point I know you'd agree with that state First and foremost a matter of personal health and safety But it does affect investments and does affect money as a practical matter You have investments around the world not just in the United States Are you seeing a divergence among the markets According to actually the COVID I mean right now we see very different approaches I mean China really locks down pretty quickly to try to protect themselves You're a part of it now are starting to really shut things down Do you see divergence in investment based on that Not really They are pursuing different strategies but I'm not sure whether the COVID strategies are the biggest driver of economic differences I mean for example China is an enormous amount going on in China President Xi we don't have time to talk about it today But he's fundamentally changing the nature of China's approach to the market economy That is far more important than the fact that China has its own approach to COVID versus how England approaches it or how Austria approaches or this or that So Larry what about that The approach of shutting down as opposed to vaccinating Two very different courses have different economic effects Yeah they do certainly while you're locking down I think what I have been struck by in general is that the policy seem to have more effect on the timing.
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"EMC It is a company that we know we've all talked about it the king of growing storage device market We know cloud computing is changing all of this A former we were talking to some of our colleagues a former AMC executive telling them that EMC was once the last or was the last great storage company they'll never be another one So what is the future of that market in your view And how do you think Dale specifically can benefit from that Well the interesting thing is if you peel back the onion on just about anything that's going on you were talking about crypto earlier Autonomous vehicles just pick your new thing that's happening behind all of that is an enormous amount of data And it turns out you need a lot of cloud infrastructure no matter where it is and you need a lot of data to make all these things happen And so as the number one company in the world that provides all of that we're seeing some really nice growth in those areas So I think the world's kind of figuring out yeah public cloud is a thing but it's not just the public cloud It's multi cloud It's also the edge and there's enormous growth going on as everything in the world becomes intelligent and connected and now with 5G the distributed computing world is even more distributed All that creates enormous opportunities for us Have to say that we want to talk a little bit about innovation We've got a few minutes left Mike Bloomberg stopped by my desk I was working I have a huge pile of books and he's like do you read all of these And I'm like I try I said but one book I'm reading right now is Michael Dell's new book And he's like I know Michael And he goes really smart guy really innovative guy And it was just kind of interesting and he talked about how you reinvented your company When it comes to innovation reinvention what are the technologies that you think we should be focusing on What gets you excited Is it crypto Is it AI Is it something is it the metaverse What do you think is interesting Because reading your book I mean you've been involved in the text based since you were a kid And I just wonder what really catches your attention now Yeah you know the power of AI to again use all this data to upend and reinvent every part of our world and society is incredible I think they're going to be incredible innovations in the intersection of the biological and computational sciences in all the areas you talked about it's hard to predict exactly how all these things are going to evolve but when you have these powerful ingredient technologies coming together and look you have an enormous amount of risk capital right now that's going after these problems and even harder hard tech problems I think the future is super bright for humankind That was Dell Technologies founder chairman and CEO Michael Dell we interviewed him back in October His new book out this year play nice but when a CEO's journey from founder to leader have to say at a hard time putting this one down You know we get a lot of books written by business leaders This one was different It was and I think what was fascinating was like it went back in time and then it went forward in time It was juxtaposition the creation of his company within taking it private It just went back and forth in a really cool way He also takes the gloves off in some parts He does I kind of love when people get to a point in their lives where I'm just going to tell you what that would happen He does name names That wraps up the first hour.
Bloomberg Radio New York
"mike bloomberg" Discussed on Bloomberg Radio New York
"Onion on just about anything that's going on you were talking about crypto earlier Autonomous vehicles just pick your new thing that's happening Behind all of that is an enormous amount of data And it turns out you need a lot of cloud infrastructure no matter where it is and you need a lot of data to make all these things happen And so as the number one company in the world that provides all of that we're seeing some really nice growth in those areas So I think the world's kind of figuring out yeah public cloud is a thing but it's not just the public cloud It's multi cloud It's also the edge and there's enormous growth going on as everything in the world becomes intelligent and connected and now with 5G the distributed computing world is even more distributed All that creates enormous opportunities for us Have to say that we want to talk a little bit about innovation We've got a few minutes left Mike Bloomberg stopped by my desk I was working I have a huge pile of books and he's like do you read all of these And I'm like I try I said but one book I'm reading right now is Michael Dell's new book And he's like I know Michael And he goes really smart guy Really innovative guy And it was just kind of interesting And he talked about how you reinvented your company When it comes to innovation reinvention what are the technologies that you think we should be focusing on What gets you excited Is it crypto Is it AI Is it something is it the metaverse What do you think is interesting Because reading your book I mean you've been involved in the tech space since you were a kid And I just wonder what really catches your attention now Yeah you know the power of AI to again use all this data to upend and reinvent every part of our world and society is incredible I think there are going to be incredible innovations in the intersection of the biological and computational sciences in all the areas you talked about it's hard to predict exactly how all these things are going to evolve but when you have these powerful ingredient technologies coming together and look you have an enormous amount of risk capital right now that's going after these problems and even harder hard tech problems I think the future is super bright for humankind That was Dell Technologies founder chairman and CEO Michael Dell we interviewed him back in October his new book out this year play nice but when a CEO's journey from founder to leader have to say at a hard time putting this one down You know we get a lot of books written by business leaders This one was different It was and I think what was fascinating was like it went back in time and then it went forward in time It was juxtaposition the creation of his company within taking it private like it just went back and forth in a really cool way He also takes the gloves off in some parts He does I kind of love when people get to a point in their lives where they're like I'm just going to tell you how it happened Her name's names He does name names That wraps up the first hour of our Christmas weekend edition of Bloomberg business week from Bloomberg radio and Carol masser And I'm Tim steno coming up in our next hour more of our best from 2021 including Kathy wood on her early days as a fund manager and her road to stardom in the financial world Plus newly minted rock and roll Hall of Famer Gina schock taking us behind the scenes with the go goes and then outlanders At later stars Sam Hugh and on his latest pursuits both on and off the set whisky anyone Yes Also coming up you'll hear from the former chairman and CEO of Google Mister Eric Schmidt You heard of him Yeah I've heard of them And you think about when he was at Google right This was a company that was really going through growing pains Slowly on its way to becoming what it is today but you know he was often called we joke about it The adult in the room like there were a bunch of the guys who created the company right Brilliant but they needed somebody to kind of formulate the company and help it on its longer term journey You know we asked him that question too about other companies that perhaps need another adult in the room Stay tuned to hear what he had to say Ah really cool stuff This.
The Hugh Hewitt Show: Highly Concentrated
California's Recall Election Is a Chance to End Cycle of Dysfunction
"I'm hugh hewitt. The california recall ballots are arriving in the mail this week. Voting will continue until september fourteenth the last three days while out in person voting. I wrote a column for the washington post yesterday. Here's what it is. Most of california's recall election. Ballots are expected to reach voters by early. Next week absent cliffhanger. The elections should wrap up shortly after september fourteenth question one before the golden state's electorate should governor gavin newsom be recalled question to presents a list of forty six candidates who qualified for the ballot if a majority of votes cast on question. One are yes then. The leading vote getter among the forty six becomes governor. At least until the inauguration of whoever wins next year gubernatorial election. There is a small chance that either former republican congressman doug osi or republican state assemblyman. Kevin kiley could parlay divided feel into the smallest and plurality doing so would take large vast amounts of cash. It's not impossible. This is the rare case. Where a mike. Bloomberg peter thiel or a mark zuckerberg could actually tilt an election per ends none as indicated plans to do so but part of any such plan. Success would be stealth execution and until the moment of unveiling absence such an intervention. it has become a two candidate race. Between former san diego mayor kevin falkiner and my long time colleague and friend larry elder best known as the veteran talk. Show radio talk show. Host elder is also a businessman filmmaker and author parental disclosure elders. Radio show is syndicated by salem media which syndicates mine as well again this is the washington. I must disclose that. You know that. Readers of the washington post column. Don't larry elder is whip. Smart has a gift for sharp rhetoric and is a fellow university of michigan law. School grad. My thinking right now is that if donald trump loudly endorses him elder would win the plurality of votes but probably at the cost of newsom surviving the recall.
Crypto Voices
"mike bloomberg" Discussed on Crypto Voices
"You know it just it just sends down in the worst things from there and and my goodness i mean just the final final blocks in the orwellian house that you know some folks unfortunately are going to Live in like imagine if mike bloomberg had it instead it up. You can't spend your money on soda rate. That's the benign version. Makes my head hurt to think about it But but at. And i actually don't know whether this is going to be better or worse for us because obviously more people are going to be forced to understand crypto currency. And what's going on. I think what we're seeing right now. Where the big players are deciding a. We are bringing to market our cdc fi if it's one of many choices great. Let's see how it works out. But that's what we're seeing We're bringing our cdc to market and now we're gonna crush all opposition to it. Which is podcast. You can't see my surprised face. But you know i mean again sort of like gravity and physics. It's i. I think it's going to open up a lot of different conversations in different ways in which we know. Is it going to be american now to support bitcoin. In opposition of some of the government sponsored currencies that are sponsored by governments that may be in direct competition our government fascinating lotta different. Lots of different angles. Come at yeah it is. It's a hugely important question. Completely agree with both of you. I wanted to sort of pivot. I guess but it's a related question. First of all again completely completely agree. I mean to be a nightmare. If you get to that sort of orwellian scenario and yeah i do. I do agree that i think americans in particular won't let the government run roughshod over their rights in that way and just be completely orlando. I do think that contrary to what it might seem like in the mainstream media sometimes these days. I do think that americans would stand up for that. But one of the doubts that i've had with. Cdc's is that if they are somewhat open than that would somewhat open them up to being you know technically susceptible like for hacking and whatnot. Obviously not every central bank is going to have like an open. Get hub source code. Everything laid out for their cbc. But as i understand the way a lot of this software works and it's going to be dispersed and distributed in downloadable. And you know yeah it's going to have all the back doors and whatnot that you have with regular commercial software. But there's there's going to be much more attack vectors as far as i can tell with cdc's than with the current system as it stands some wonder if you have a thought on that and then just a quote to think about as well with the answer. Because i have. I have been saying this for a longtime regular in the west with the success of stable coins like us us dc in particular sort of circle. Coin base can regulate it. Type thing watching them bloomberg. There was a quote from the federal reserve governor. I'm not sure which which governing was randall. Corals was his name he said you know we definitely be looking to lean into..
Casandra Properties Real Estate Podcast
"mike bloomberg" Discussed on Casandra Properties Real Estate Podcast
"Profession or now So my both of my grandfathers ref y my father was fda and y three my brothers refugee and why the only the only male my family pretty much is not fda white but No there was nobody else in the In in the business. I maybe distant cousin at some point in the past i think but nobody that i was connected to assure so. We want to spend a lot of time talking about Your practice and how you ended up you know at this point making the move but something else that moved me In this direction in something. I was drawn to Is your the work that you do for the community and You know on business clubs. You're kind of your there right. Was that an organic process. Oh i mean really. I think you didn't. You co found the executive club. Yes yes okay. -secutive club chamber of commerce being foundation. Like you're you're out there Politically and in the business groups and in the civic groups. How did that come about in. I saw completely completely organically. So as i described my family's got you know a a history of service you know thankfully in but not you know i didn't grow up in a business atmosphere. That wasn't something that i was around And when i got to my started at what was then russo scandal tomato There was Guy molinari was was there at the mall and area. Lobbying group was run out of the same office. And this was at the time Mike bloomberg was mayor. And i mean you'd have rudy. Giuliani would walk into the office. Like ah just all the time. I mean you'd be walking down the hallway and you'd hear that john mccain was was on the line for guy i mean i remember there was a time. The receptionist says you know bush's on the phone and yells forty one forty three I it was. It was just a really cool atmosphere. And i was excited to be part of it and i would say that The firm always had a tradition still has of a of being very involved in in the community and as i described before being around people and just interactions and such. I wanted to be part of what the the the firm once part of that culture and what really got me started on it was i mean. I showed up at the office. I had no come on from hole in the wall. You know i think a most people would say is the most accomplished elected officials staten island. Seen if not he certainly certainly mean as high as anybody in the house usually in closing the dump. I don't know vegas political accomplishment around here. But i don't know how he's going to treat me..
WNYC 93.9 FM
"mike bloomberg" Discussed on WNYC 93.9 FM
"She says they aren't setting up extra tables or extending business hours past 10 P.m., although she wouldn't be opposed to the extra tips. Personally, I probably wouldn't be against it. But you know, our boss is very old school like he's been here for years, So he's not. He's not money hungry, like these other establishments are like he's so He's so into our safety and making sure that we're okay. Earlier this week of Inner Murphy announced the restaurants and venues can increase capacity from 25 to 35%. States. 10 P.m. curfew was also lifted. York State's Corrections department is preparing to start vaccinating people 65 older and his custody as W. My CI's Glen Hogan reports. It's a sudden reversal following weeks of delays. The move came hours after Governor Cuomo and the Health Department were sued by inmates at Rikers Island, demanding access to vaccines for all incarcerated people in the state. Residents congregate. Settings like shelters and adult care facilities are currently eligible, and city run jails have been vaccinating those over 65 since early January, though the state had not been now state officials say vaccinations for older inmates will start immediately. Since the vaccine rollout began in mid December, nearly 3000 incarcerated people in state prisons caught Cove it and 13 people died. Former New York City Mayor Mike Bloomberg has been reappointed as the United Nations special envoy to engage governments and businesses to combat climate change. He was first tapped for that position in 2018. Bloomberg will focus on trying to move hi emitting countries and industries towards cleaner energy. The U. N secretary general says he wants the former mayor to mobilize stronger and more ambitious climate action, the head of the global climate summit in November. Event was postponed a year due to the pandemic. It seems a key moment for international action six years after the creation of the Paris accord. Tonight. Partly cloudy, low 28 degrees Sunday. Tomorrow high near 40..
The Takeaway
Bloomberg reappointed U.N. climate envoy
"Former New York City Mayor Mike Bloomberg has been reappointed as the United Nations special envoy to engage governments and businesses to combat climate change. He was first tapped for that position back in 2018. Bloomberg will focus on trying to move hi emitting countries and industries toward cleaner energy. U. N secretary general says he wants the former mayor to mobilize stronger and more ambitious climate action ahead of a global climate summit in November. The event was postponed a year to the pandemic and is seen as a key moment for international action six years after the creation of the Paris accord.
WIBC 93.1FM
"mike bloomberg" Discussed on WIBC 93.1FM
"And rod and time to talk about total bad ass Florida Governor Rhonda Santis. Who just announced the other day that he is trying with all of his might, too. To put a damper on big text, political bias and censorship. Exactly. So he announced several regulations. Now the question about these regulations is how Practical. They are an application because they sound great, but I don't know the level of I'm not a lawyer, and I don't know the level of his jurisdiction over these big tech companies. Wait, Wait a second. You've been here the past year. Right now. You're concerned about how practically applicability something is. Well, I mean, kind of. Why're you said Why are you saying it like that? Well, I mean, clearly wasn't practically applicable to shut down the entire economy. They did that. No. But what I'm saying is he's trying Tomo create regulations against big tech companies, and I don't know if he actually has the jurisdiction to do that. You know, I mean, I see what you're saying. But I like that he's trying. I love that He's trying and I loved. I loved the idea. So, he announced several. There was like a 45 minute speech that he gave the other day. And he announced these various regulations that include things like being able to well, in fact, having mandatory opt outs from big text content content filters, so that means And he's taking that one step further by saying, if you are a big tech company, for example, that takes down a politician's account, like a person who's running for office. If you take down their account then and you're a big tech company, you have to pay a fine of $100,000 per day, and that's like where I'm like. Well, can he Can he do that? Can he say toe Twitter, for example. Oh, you took down this politician who's running for office. You took down their twitter account. Well, you have to pay the state of Florida $100,000 a day like I'm not seeing how he could do that. So this is what's been interesting to me. Because when you you know this because you're a You're a business chicks on the right. You have a corporation that you set up and it's I assume I'm assuming your business is license to do business in the state of Indiana. These. I'm guessing Twitter, Facebook. They're not licensed to do business in the state and every single state, right? They have. I'm guessing a home state from which they Emanate from, but they're not licensed to do business in those states on wondering if that's maybe a method that they're looking at going after these people is that you know, through the power of them being an unlicensed. I'm just throwing things out there on how you would go about the night. I don't know what the rules are, because I'm not a man of the law. Well, that and that's my point. Right? Like all of these sound really, really great, and I love the effort and I love that He's doing something right that he's pushing this in any way. He said that there could be daily fines for any tech company. That quote uses their content and user related algorithms to suppress or prioritized the access of any content. Related to a political candidate or cause on a ballot. And so it's interesting because he's basically he even suggested that perhaps if that happens if a big tech company you know, uses their algorithms to suppress one candidate than it should be treated as an in kind contribution to the opposite candidate's party. And their their campaign. Well, the other side of this to us remember that when the court said the Trump couldn't block people, so if Trump can't block people, how can Twitter block people from Trump? That's a great question that that's where I've always wondered about his. Because if okay, fine. Whatever the rule is the rule, if you're if you're an elected official, and you use your Twitter account for elected related issues, or or business, Okay, fine. But then how can you say that Twitter can say you can't be there to use it if it's that important, because that was the thing, the court said. This is vital. People have the right to know what's going on there. Like the officials. Twitter said. You can't see it either. Yeah, that's really that's a great question. I don't know that anybody's pointed that out that that is how the courts ruled on Trump blocking people. And now Trump is blocked. That's why I'm here. I'm an ideas, man. You that's what I think of every time I think of you. I think that's an ideas Guy. Almost right. This guy. He's just making more money at being ideas Guy than I am speaking of ideas, Guy member Mike Bloomberg and how he ran for president for, like, three days. He's the short fella. Yes, he is. Height challenged to say, because I'm also short fella, but I'm not Mike Bloomberg short. I don't think you're a short is my clothes. I'm a giant. Well, interestingly because every now and then Mike Bloomberg makes sense, right? I mean, he's had these moments, particularly about free speech on college campuses. He's had good points about that. And so just yesterday, he called on President Biden to stand up to teachers. Unions that air trying tow, you know. Trying tow prevent teachers from getting back in the classroom, he said, and I quote this was to MSNBC, he said. It's time for Joe Biden to stand up and say kids are the most important things teachers. They're gonna have to suck it up, stand up and provide an education and the president has to stand up to the unions. And I was like, Oh, damn Well remember, Bloomberg tried to run for president, as makes sense guy, And it lasted about three seconds because the Democrats that we will not have makes sense guy being our nominee for president, and then he count out and wasted $500 million of his own money. Apologize for trying to make sense. That was the my Mike Bloomberg presidency was about a month and link He wasted $500 million and apologized for making sense. That's pretty much a good encapsulation of what happened to Mike. Bloomberg's can think of what we could have done with $500 million so I could think of the fun we could have had. In fact, we got a voicemail from RN, who is like upside down in our end of registered upside down about this whole teachers union bullcrap here is what she said. I'm a registered nurse and have not missed one day of work since this China Virus get our country. Its teachers need to get off their backsides road bare and go to work. So people like me who have Children can go take care of their sick relatives. Bless I mean, and what a good point that is right. So you forget that the people who will have to stay home because the teachers aren't going to school. They have to stay home from the jobs that they should be doing, which includes Helps care well, and we have to clarify these air, not all teachers. But the problem is when the teachers know stand up to their unions, and then like in Hamilton County, they send the letter out, saying we speak for all 2700 teachers. Well, Then there speaking for you on the promise teachers I don't think realize that their salaries don't grow on a magic money train. There's not a there's not a teacher pay plant that you drop in the garden grows out. Cheaters are paid by taxes, which people get by going toe work yet will pay taxes on the money they get going to work and the people can't go to work. They can't pay the taxes to pay your salary. Right again. Ideas, man. Okay, Next. I know you've got a rant that we need to get to. And also there's a stormy Daniels story. Good afternoon. Would you like to try a free sample of our double fudge? Brownie? Sure. Mm, That's very good. I'll just take one more just to be sure. Yep, Still very good..
NewsRadio KFBK
"mike bloomberg" Discussed on NewsRadio KFBK
"Today's the third day of February. 2021. My name is Tom Sullivan. So welcome to the program. For those of you that I got to tell the rest of The audience. There's times when there's local special programming going on in various markets around the country, And so the audience isn't the whole audience isn't there And if that happens and you want to hear the show, you can go to my website. I'm Sullivan dot com and you can live stream to show there's two or three choices there that you can use if you want. But what was going on eyes out in Sacramento? There was yet another Ah Sheriff deputy that was gunned down recently. His name's Adam Gibson. They're holding the funeral in the local station there took the Of the funeral. I bean from there for many, many years. I'm just done at how many Police officers in that part of the country are being gunned down. I mean, it used to be. It's um, rare, rare, rare exception. Not anymore. Not anymore. Um There's another one. I mean, if I was to do while the police killings in every area of the country where we have a show I would do nothing but police shootings, I think, probably every day. Just the other day down in Hancock County, Mississippi. Down on the Gulf coast near Louisiana. Michael Boulet. Police officer gunned down there. We had the FBI guys. Who killed three injured yesterday yesterday morning. Um So I mean it Z, you look at this and you go. What is? What is it? This is it. This cannot be Him. Can we tie this to the defund the police thing? I don't think so. I think that's too far. These are not people that are shooting police officers that are thinking about budget issues regarding police budgets. But there is a crime is up. Crime is up just about everywhere. Murders, rapes, You name it burglaries. I mean physical. Other types of there's all kinds of crime is on the rise. I keep barking here about the fact. That we've got this big. Let's get soft on on the criminal justice system. And I'm sorry. I know you don't like it when I say things like this, But Donald Trump was a big He's signed a big deal, along with Kim Kardashian got him to sign the thing. It was from Jared Kushner. Who, um, release a bunch of prisoners. And then go around to the governors in all these states that are going. Oh, yeah. You know how much it's costing us to keep these people in prison? Why? Why don't we just release them? There's a hole Connection in my book between releasing these are not people that were jaywalking these people that go to the big house the prisons. Are the people that are serious, serious offenders. And they're releasing them in the thousands and thousands and thousands of around each. I think all states there may be some that are that are holding back. And you wonder you wonder why crime is going up and you wonder why You've got more police being gunned down trying to do their job. Keep us safe. So It's very disturbing to see all of that. But Keep talking about it. I don't understand why we're letting so many people out of prisons. There is a prison lobby. Believe it or not, they've got their own lobbyist. And what they do. In fact, President Biden Speaking of We were just talking to James in Cleveland about how President Biden is running things by executive order 43 executive orders He's been in office. What Two weeks. 43 And one of them, Woz. Well, we can't have private prisons. Now I know I know a lot of correctional officers. And they I understand why they don't like private prisons because it's competition. On yet. And they're cheaper. They work for less. It costs less to incarcerate somebody in a private prison. That it does in most state prisons. We go through the reasons But there are some of this because of court rulings, whatever, but the private prison system. Basically does it for a discount. And Biden says We can't have any private prisons executive order. No. Can't do that. I'm going. I don't care what kind of prisoner it is. I'm not looking for I'm not looking for the suite at the ST Regis for these guys. So as a result, we just keep bearing these police officers and Maura than that. There's so much more crime. So many people you don't hear about it. People that were killed and just going about their day. Crime is way up. And yet you go. How could that? What is it? What could it possibly be? I mean, I know Rudy is off in his Issues regarding the president and impeachment and all of that. But Rudy Giuliani was a great mayor of New York City. And what he did was he cleaned up a city that was dangerous. And was full of crime. Bye. Just cracking down on crime. That's all AWAS. And Mike Bloomberg did follow the long did the same thing. But since both of those guys have served their terms and then moved on Bill de Blasio, his Fought against the police. The police literally.
John McGinness
Florida attorney general scrutinizing Bloomberg paying fines for felons to vote
"Of the state of Florida a couple years ago changed the law to allow convicted felons who have paid their debt to society. And they're no longer there no longer encumbered by the shackles of parole or outstanding fines or for Ah, Foran satisfied the payment of restitution to their victims. One cell that's done, they can vote. Well, it rolled out in such a way as ah, you would assume people were anxious to go vote and actually, it took a course of action on the part of the governor. The Santa's toe, actually impose Greater restriction. Greater clarity prohibiting voting arise for people who still had fines and restitution unsatisfied. So now the Florida attorney General Ashley Moody, I'm sorry and let neglected to mention a big part. Mike Bloomberg, upon learning of this has decided that he will donate money. He's raising money and giving some $16 million To help facilitate the process of voting open the door for felons in Florida to vote in the upcoming presidential election. As a result, the Florida attorney General Ashley Moody, is calling for further investigation into whether billionaire Mike Bloomberg violated state statute when he took this course of action. She has said. She put out information of the media, she said today I sent a letter to the Florida Department of Law Enforcement and the Federal Bureau of Investigation into potential violations of election laws. She says she has instructed statewide prosecutor to work with law enforcement and any statewide grand jury that the governor may call. Just a day before Mr Bloomberg announced the hefty sum would go towards paying restitution and court finds that prevent Florida felons from voting. This was not missed out on the opportunity was not lost by by several and politics, including Matt Gates, House Republican representing of Florida. In fact, a member of the Judiciary Committee at the Florida attorney, hey pounced on the news of this decision, and Ah urged Moody, the attorney general to take up the criminal investigation against Mr Bloomberg. He points out the statute in Florida under a Florida law. It's a third degree felony for someone to either directly or indirectly provide something of value to impact, whether or not someone votes That's information he has shared with the media. So the question is whether or not paying off someone's finds and legal obligations counts as something of value and his opinion is that it does.
Mornings on the Mall with Brian Wilson
Miami - Billionaire Mike Bloomberg Has Raised Millions To Help Florida Felons Vote
"Mike Bloomberg is helping Florida felons pay their debt so they can vote in the presidential election. The billionaire taking action days after Florida Governor Ron De Santis wanna court victory to keep felons who served their time from voting until they've paid off. Find rest. To Shin and court frees Bloomberg, part of an effort that's raised more than $20 million to help those felons vote in the election. That's in addition to with $100 million. He's pledged to help Joe Biden when Florida
Quick News Daily Podcast
Bloomberg Comes Up Big with $100M Cash Infusion in Florida
"So this was another big story from over the weekend was the announcement by Mike Bloomberg that he's going to spend at least one hundred, million dollars in the state of Florida to help Joe Biden win the state. This Washington Post story says that Bloomberg made the decision last week after seeing those numbers on Florida in seeing that Oh may be Biden's a little underperforming there. It's a little closer than we thought official. Voting starts on September twenty fourth in Florida. So the need to inject real capital in that state quickly is an urgent need. This is Bloomberg Adviser Kevin Cheeky he continues Mike believes that by investing in Florida, it will allow campaign resources in other democratic resources to be used in other states in particular the state of Pennsylvania. So there was always this fear of, Oh, where's Bloomberg's money? He got to speak at the convention, but he's not gonNA fork any over even after he said, he made this promise to keep his campaign employed in put all this money into help be trump. Personally, I was really never worried by didn't didn't really come after Mike to personally at least for too long also because they were both from New York I'm sure trump gave Bloomberg his fair share of grief during the couple of terms that Mike was the mayor of New York. City. You can tell when Bloomberg speaks whenever he goes on TV his ads were also pretty devastating, but you can just feel the vitriol contempt for Donald Trump Mike. Bloomberg is obviously a big money guy. You know he's a billionaire but even he trust Joe Biden more than Donald Trump So that should really be a warning to everyone and as Rick. Wilson always says Mike Bloomberg has more money in his couch cushions than Donald Trump has at all I think alluding to the fact that Donald Donaldson, shady loans, and he's probably not even a billionaire really when you get down to went off topic but thank goodness that is a breath of fresh air some good news for Joe Biden on the money side to with an even better August and by the way, the Biden campaign pointed out that since Calvin Coolidge in nineteen, twenty four, no Republican has won if they don't win Florida. And this year, it really is all about Florida because of trump doesn't get that one he's got to pick up a couple from either Minnesota Wisconsin Michigan Pennsylvania Arizona in those are looking shaky I mean that's really really generous because he's behind in all of them. So He needs Florida to have any chance and that's a little note to yourself if you're watching. On election night tour as the votes come in the days after in the mail. Well, we're GONNA know pretty quickly because Florida starts counting there's early. So we'll know on election night mostly with the vote is going to be. So a Florida starts going Biden were going to be in really good shape. That's when you know. Okay we might have this one.
The Duncan Duo
Biden leads by 5 points nationally in Fox News poll
"Polls tightened, the Democratic nominee has just scored some big time support. Former New York City Mayor Mike Bloomberg is committing at least $100 million to Biden's campaign in the crucial battleground state of Florida. The financial windfall comes as the latest Fox News poll has Joe Biden and Kamala Harris leading Donald Trump and Mike Pence by five points 51 to 46%.
AP News Radio
3 charged in massive Twitter hack, Bitcoin scam
"Three people have been arrested in a hacked into Buhari's one of the world's top tech companies Florida man check tech moguls check celebrities check bitcoin and a seventeen year old hacker check a British man and the man in Orlando Florida face federal charges while seventeen year old Tampa resident Graeme Clark will be tried in state court on charges from the July fifteenth pack investigators say Twitter workers were trek through their phones into leading in the hackers the hackers then sent out a bogus tweets from the accounts of Barack Obama Joe Biden Mike Bloomberg and tech billionaires Jeff Bezos Bill Gates and Ilan mosque celebrities Kanye west and his wife Kim Kardashian west offering their followers two thousand dollars for every one thousand sent to an anonymous bitcoin account collecting more than one hundred thousand dollars in the scam I'm timid wire
AP News Radio
3 charged in massive Twitter hack, Bitcoin scam
"Three people have been arrested in a hacked into Buhari's one of the world's top tech companies Florida man check tech moguls check celebrities check bitcoin and a seventeen year old hacker check a British man and the man in Orlando Florida face federal charges while seventeen year old Tampa resident Graeme Clark will be tried in state court on charges from the July fifteenth pack investigators say Twitter workers were trek through their phones into leading in the hackers the hackers then sent out a bogus tweets from the accounts of Barack Obama Joe Biden Mike Bloomberg and tech billionaires Jeff Bezos Bill Gates and Ilan mosque celebrities Kanye west and his wife Kim Kardashian west offering their followers two thousand dollars for every one thousand sent to an anonymous bitcoin account collecting more than one hundred thousand dollars in the scam I'm timid wire
Joel Riley
Scammers hack Twitter to hijack verified accounts and steal cryptocurrency
"Some of the most prominent names on Twitter were victim of a massive hack on Wednesday with scammers hijacking the verified accounts to ask for money. What makes this potentially a big deal is that if you look at the names Ask, uh Barack Obama, Mike Bloomberg. All of these people have tremendous followings on Twitter, ABC News contributor Brad Garrett the scammers People donate $1000 in Bitcoin to a Corona virus relief program still unclear at this point whether the hackers were able to exploit vulnerabilities of individual accounts or if they infiltrated Twitter's entire system.
The Topical
IRS Announces Taxpayers Can Make Checks Directly Payable To Any Corporation Or Billionaire They Want This Year
"The onion and onion public radio. This is the topical I'm Leslie Price. Mother fucker and we'll be right back. Hey, does anyone know who I talk to about getting my w two? If there's one thing everyone hates. It's doing taxes. However, the Internal Revenue Service recently announced a major change that they're hoping will make it easier this year for taxpayers to file OPR's financial correspondent Marcy Hammond joins me now with more on this marcy. What can you tell us well as lead the? IRS is rolling out a new system that will cut out the middleman so to speak starting this year. Year tax payers are instructed to just make their checks payable to any billionaire they want. It certainly does get rid of a step or two, but what led to the IRS making this change well irs funding has been cut by twenty five percent in the last ten years leaving the agency understaffed and under resourced. It takes a large workforce to get all that money into the pockets of the. The wealthy so from the tax agencies point of view. This change kills two birds with one stone. I spoke with Iras agent Marcia Krieg. Who explained how it works? Sending money to us have become irrelevant wasteful step. The IRS would cash taxpayers checks only for the funds to then be transferred to billionaires in the form of corporate subsidies, tax breaks and money grants for the corporations, but having tax payers. Payers right there. Check directly to Mike Bloomberg. Bill Gates or anyone in the coke family really streamlines that process so tax payers choose which of the nation's richest CEO's. They send their money to to be honest. It doesn't matter any of the five hundred and forty billionaires in the United States will do because your cash is eventually going to end up going to them anyway. However Payments Jeff Bezos. The fastest interesting, and how has it been working out for those who have already filed their taxes this year? Well I spoke to a few taxpayers, and so far they seem to think this new rule just makes sense. It was really easy. I paid my billionaire online turbo tax offered me some suggestions to choose from Howard Schultz Jack. Dorsey I chose the Elon Musk option and with just a click I deposited the money right into one of his. His offshore accounts I went down to H. and R. Block and ended up owing two hundred dollars to mark. Zuckerberg. I thought about fudging the numbers a bit, but facebook probably House on my financial that already in I. Don't WanNa on it. That brings up an interesting point. What if you owe a lot of money and taxes and the time to pay off or to get an extension? Well Billionaires Larry. Page Jamie, Dimon and the Walton family of. Of already set up their own tax, departments offer payment plans to tax payers, but just a warning. The interest rates are very high. It might be your only choice if you can't afford to pay. Just don't try to duck out on paying unlike the IRS, these tycoons wield a lot of power, and they will ruin you. Good advice but marcy I have to ask. This information has been out for a while now and today is tax day it. It seems like all. This information would have been more helpful to our listeners a few weeks even months
Ernie Brown
What You Need to Know About New York’s ‘Monumental’ Contact Tracing Program
"New York city's mayor is testing and tracing is next on the agenda as the number of new coronavirus cases in New York are slowly coming down more from correspondent Steve cast and bomb the mayor said the next phase in the fight requires wide scale testing in tracking down everyone has come into contact with a positive case bill Blasio said they would then need to be isolated for fourteen days if you don't have again a place you can nicely properly at home we get you to a hotel we put that care in place and that's important place a similar approach was credited with stopping the spread of corona virus in China and some other countries former mayor Mike Bloomberg has been enlisted to help create the coronavirus tracing
NPR's Business Story of the Day
Bloomberg News Killed Investigation, Fired Reporter, Then Sought To Silence His Wife
"Mike Bloomberg's presidential bid led to tough scrutiny particularly about his company's frequent reliance on nondisclosure agreements for employees. One of the people under a nondisclosure agreement is a former employee who years ago worked on an investigative story about Chinese leaders. Bloomberg News killed that story. It also tried to silence his spouse. Npr's David Folkenflik reveals. What happened at debate? Elizabeth Warren Challenge Bloomberg. What about complaints about him Mr Mayor? Are you willing to release all of those women from those nondisclosure agreements? So we can hear their side of the story. Bloomberg tried to move past it. We have a very few nondisclosure agreements. Finish Bloomberg's blase response outrage the writer late. Hong fincher full disclosure award supporter finger points to the widespread use of such as by the company. Bloomberg founded the company uses them to handle complaints of sexual harassment and hostile work environment. According to reports ventures complaint is not that. I don't know exactly what happened to those women but I do know how incredibly terrifying it is to be threatened and bullied into signing a nondisclosure agreement in two thousand thirteen ventures husband. Michael Forsyth was a reporter for Bloomberg News in Beijing Bloomberg had already published his team's investigation into the wealth of the families of Communist Party leaders. The Chinese Ambassador had warned the company against publishing death threats followed venture and forsyth moved to Hong Kong yet. The team kept reporting. He continued to do an investigation and it was that story. This story on longed in China's honest man and his ties to senior Chinese Communist leaders including Jinping Z. Had just become president of China and I saw these emails from the editors praising it meaning the reporting saying that. Yeah it's it's. We're really excited about this. We can't wait to move it forward. Three former Bloomberg journalists verified this account after that however radio silence. The story never ran Serrao Mike. Her husband Mike and some of the other reporters. And Editors who had been working on this story. Just we're asking for answers about why. Why was this story killed the famously intense founding editor in chief of Bloomberg News finally weighed in? That's Matthew Winkler back then. To Editors told me the story needed work. That's not the reason we are cited for killing it. It is for sure going to invite the Communist Party to completely shut us down. Take us out of the country so I just don't see that a story that is just divide. This recording winkler on in October twenty thirteen conference call weekly praised the team but warned about covering the Chinese regime which he called it everywhere and who they are and we should have no illusions that the Chinese authorities had search Bloomberg's bureaus delayed visas for reporters and ordered state owned companies not to sign new leases for Bloomberg terminals the terminals offer subscribers specialized financial data and are the most important source of the company's profits and China was seen as a growing market and a strategic priority again. Matthew Winkler is the information they do have away that enables car to report but not Elsa Prophet Bloomberg News N Winkler. Who's retired as editor in chief declined to comment in two thousand thirteen? Mike Bloomberg was mayor of New York City and denied Bloomberg News Killed The China Story. Two months later back at the company he founded asked about the China controversy again. Mike Bloomberg said it was arrogant to impose American values on others if a country gives you a license to do something off with certain restrictions. You have two choices either. Accept the license and do it that way. Well you don't do business there. Npr also obtained audio of these remarks. Mike Bloomberg to his global newsroom Bloomberg said the newsroom should be proud of its China coverage then said all organizations have bad apples. Some staffers thought that was aimed at the China. Investigative team. Bloomberg News fired Mike Foresight. He was accused of leaking news of the killed project other outlets. He landed at the New York Times and would not comment for the story. He signed a nondisclosure agreement with Bloomberg LP lawyers for Bloomberg's company pressured someone else to sign one foresights wife later Hong fincher. The company's lawyers threatened to force her to pay a six figure sum if she didn't agree to keep silent about her husband's work. Here's venture. There was no reason why I should have to sign a nondisclosure agreement. Because I didn't possess any damaging material about the company venture recalls being summoned to the high rise offices of Bloomberg's Hong Kong lawyers. Her husband was there too. And then this lawyer from New York on that. I mean giant image of his face on the video screens said but what about all the evidence? That's in her head venture says. She walked out of the conference room and left the building. They assumed that because I was the wife of their employees. I was the wife I was just an appendage of their employees I was not a human being ventures former CNBC correspondent who was finishing up PhD. She bristled and hired top-flight lawyers and finally the company let it go now. Mike Bloomberg has returned to his company. Wants more but venture isn't letting her question go. What else in his newsroom she asks is hidden by those nondisclosure agreements.
Morning Edition
Bloomberg Campaign Staffers Speak Out, Alleging Broken Promises
"Mike Bloomberg's presidential campaign was one of the most expensive in history he ended it after a dismal performance on super Tuesday one month ago today the former New York mayor still promised to keep his operation running through the general election and to invest more than a billion dollars to defeat president trump but then hundreds of Bloomberg field organizers were abruptly fired last month three of them are now sharing their stories they talked with NPR's Juana summers when Mike Bloomberg launched his presidential campaign he hired an enormous network of staff across the country showering them with salaries that far exceeded what other candidates for pain he also offered them something else a job through the general election no matter what they offered an incredible benefit package which is unheard of for a field staff offering eight thousand dollars a month for a regional wall dedication to kill our healthcare technology a laptop cell phone that's all just money he joined Bloomberg's campaign in Miami Dade County as a regional organizing director in December he said those guarantees unheard of on campaigns made a job with Bloomberg incredibly attractive part of his job was to interview potential staff and it's part of our hiring guidelines wise to utilize the line back employment it guaranteed greener member location it's not that promise was part of what convinced Matthew jeweler in Denver to quit the I. T. job he'd worked at for ten years I honestly don't know if I would have taken the job if it weren't for that specific guarantee because I knew I wanted to work in the general election Bloomberg dropped out of the way shortly after super Tuesday then there were two rounds of layoffs in the first round hundreds of staffers across the country were let go told that they behave through March thirty first they were encouraged to apply to work for Bloomberg's organization in battleground states then Bloomberg abandoned his plans to form a new independent entity and announced that he but instead give eighteen million dollars to the Democratic National Committee for the party's battleground states program Donna wood in Miami lost her job on March twentieth conference call and it was all right options script from HR and then the call just ended it was selected by you can hang up now in a statement Bloomberg's campaign manager Kevin cheeky told NPR the campaign reached out to every organizing staffer in six battleground states as well as others and ask them to consider working with the GMC she he said hundreds of former Bloomberg campaign staff have been contacted interim hiring pipeline to join the DNC's organizing efforts something he insists would not have happened without the campaign's massive donations to the party but staffers were let go without guarantees I asked him all Jeff wani about conversations he had with potential campaign staff where he promised continuous employment three November Mike borrowed my credibility and abused in that moment we want people like Mike to now and the people in the party who benefit from like philanthropy chin now that it is not OK to just get harder as though you know where mere tool Summerfield organizers for Bloomberg's campaign have filed potential class action lawsuits were these complaints have been detailed in court documents Donna would file the first breach of contract suit it's now grown from one plaintiff to roughly eighty I just know what I was promised and I'm a woman of my word and I would just think that other people would be the same if you repeatedly tell someone something and it sure than that they still have their jobs and ensure them that you'll be transitioning to an end of independent expenditure that that would happen another potential class action lawsuit was filed by former campaign workers in Georgia Utah and Washington while the former workers say Bloomberg's campaign promise them continued employment they acknowledge that they signed at will contracts meaning they could be let go at any time Matthew jeweler and Denver the point isn't the contract that we signed it says out well it could come from the station two thousand former staffers had with hiring people all then you have a guaranteed job November fifteenth on official interview documents that they use internal many staffers including jeweler expressed frustration that Bloomberg funded the most expensive primary campaign in history five hundred million dollars on our on loan in a four month period he keeps falling one percent of that and every single one of his fields far higher salary for the remainder of the year the campaign manager Kevin G. Keyes said that staff worked thirty nine days on average and were given several weeks of severance and health care through March the campaign has also established a fund to cover health care costs through the month of April something chic he says no other campaign has done Bloomberg's campaign hopes that in time many staffers will be hired by the
WTOP 24 Hour News
Bloomberg campaign faces potential class action lawsuit for layoffs
"A former staffer for Mike Bloomberg's presidential campaign has filed a class action lawsuit it alleges the billionaire broke a promise to pay his thousands of campaign workers through November regardless of whether his twenty twenty bid was successful the lawsuit accuses Bloomberg of fraudulently enticing people to join his campaign with promises he did not fulfill and breaching his contract with those employees by laying them off shortly after he ended his campaign three weeks ago the lawsuit seeks damages for fraudulent inducement and breach of contract as well as unpaid overtime
This Morning with Gordon Deal
Michigan - Vote Early Day effort launches to get more people, especially young voters, to the polls
"Begins today as voters head to the polls to weigh in on the democratic primary contest which includes the key battleground state of Michigan Bernie Sanders campaigned in Detroit yesterday Donald Trump does not have a natural ability to understand the corona virus and his reckless statements all confusing people in this country and all over the world Joe Biden also stumped in Detroit Democrats Republicans independents of every stripe to the nation do you got to bring the country together there are three hundred fifty two delegates up for grabs today in Michigan Missouri Mississippi Idaho North Dakota and Washington state fresh off his departure from the race Mike Bloomberg has poured two million dollars into efforts to boost turnout by African American voters in eight key states an indication of his intention to continue bankrolling democratic causes ahead of the November
WSJ What's News
Elizabeth Warren's Presidential Bid Comes to an End
"Senator Amy Klobuchar former South Bend Indiana Mayor Pete Brundige and former New York City mayor. Mike Bloomberg have all called it quits and today. We're adding Massachusetts Senator Elizabeth Warren to that list. I will not be running for president in twenty twenty but I guarantee I will stay in the fight for the hardworking folks across this country have gotten short into the stick over another. That's been the fight of my life and it will continue to be so warrants progressive policy driven campaign caught fire last fall making her an early favorite to win the nomination but she had a disappointing showing in the first elections in the primary season. Including this week Super Tuesday with more on the rise and fall of Warren's candidacy we're joined by Wall Street Journal reporter Tarini Party Tarini. Last fall senator. Warren was one of the front runners for the Democratic nomination but today she became the last remaining woman among the top tier candidates drop out. How expected was this announcement at this point. Given what we saw on Super Tuesday Warren was essentially left with no choice. But to drop out there was all choose facing a lot of pressure because she didn't win a single state she came third in her home state of Massachusetts. And so you know as this race drags out with Joe Biden on one side and Bernie Sanders on the other. The more candidates who stay in the longer the Democratic primary could become. And that's something that party leaders are trying to avoid They WANNA be trump and so they think that the field should sort of consolidate And so they can have a nominee sooner rather than later and she just didn't see a path forward a viable path forward. She did not end. You know ahead of Super Tuesday. Her staff had said that they were looking at a contested convention as one of the ways that were left for her to essentially be the Democratic nominee. They were hoping that she would pick up enough delegates on Super Tuesday to make that case but she didn't get that far and at this point. She said she just saw no path forward. Let's talk about the rise and fall of her candidacy. Tarini people were talking about her back in two thousand sixteen. When Hillary was running right she chose not to run in two thousand sixteen. And this time around you know. She started off with a few missteps She really did get her footing back. She focused her campaign on Ground Game Organization. She built out a huge campaign that focused on raising money online That really Invested in field organizers in in the early states An early on she did start getting a lot of traction. You know if you go back to the late summer early fall. She was starting to become the front runner in this primary. And then that slowly started That's that's slowly. Went away as more questions about her health. Care plan started. Cropping up she eventually put out a Medicare her own version of Medicare for all And you know wasn't really able to sell that both to moderate voters and progressive voters which she said today in her press conference was interesting. She said that when she started out she was told that there were two lanes in the Democratic primary the the Progressive Lane and the The moderate lane and Joe Biden would be the front runner in the moderate Lane and Bernie Sanders was in coming on the Progressive Lane. She was told she said that there was no other path. And she said she Set at the time that she didn't believe that that she thought that she could change things and she said today that that she was wrong It seems based on the way that this primary has played out who among those remaining candidates Former Vice President Biden or Vermont Senator Sanders Might Benefit from Warren's exit. So we'll have to see you know if she decides to endorse. She said today that she's going to take some time to think. And figure things out you know a lot of her supporters. Are you know more progressive? And if you in that sense they could be. You know they could move to Bernie Sanders but she also does have a lot of college educated women who aren't necessarily you know the Bernie Sanders Type of voter so she could. You know some Some of her supporters could also back Joe Biden Tarini. Warren's departure leaves two white men in their seventies competing to run against president trump another white man in his seventies. What are we to make of the fact that this was historically diverse. Field has whittled down to this. It was historically diverse. We had six women. If you know if you're including Tulsi Gabbard and Marianne Williamson. We had six women running Tulsi Gabbard is obviously still in the race but has not gained any traction she elizabeth. Warren was the you know the the last top tier woman still running. She sort of addressed that in her in her press conference one of the hardest parts of this is all those all those little girls. We're going to have to wait four more years. That's going to be hard. What affected Warren. Have on the two thousand presidential campaign and we'll see continue to influence it going forward. I think she will continue to have Influence and be a big voice especially if she decides to endorse either Bernie Sanders or Joe Biden. Going forward how they bring up some of her policy ideas and whether they choose to incorporate those in their own campaign that will be interesting to
Hugh Hewitt
Joe Biden dominates in Super Tuesday surge
"Bernie Sanders is refocusing as democratic presidential campaign on surging rival Joe Biden as a remonstrance allies grappled with the fallout from a super Tuesday stumble meanwhile Mike Bloomberg dropped out yesterday says he's known by him for a long time and he's glad to endorse him he fought for working people his whole life and I'm glad to say I endorse Joe Biden and I hope you will join me and working to make him the next president of the United States suse is targeting binds record on trade social security and
All Things Considered
Joe Biden is the front-runner again after he shocked the world on Super Tuesday
"After last night's super Tuesday victories many people are describing vice president Joe Biden as a likely front runner in the democratic primary he was talking about a revolution we started the moment when it creates I can deliver us to mobile where we can do extraordinary extraordinary things he won ten of fourteen states former Vermont senator Bernie Sanders has won the other four states including California Biden's campaign was in a very different place at this time last week to talk about this turn around and where the former vice president goes from here we're joined by Simone Sanders a senior adviser to the Biden campaign welcome hi thanks for having me on let's start with today's news that former New York mayor Mike Bloomberg has suspended his campaign and endorsed your boss how significant do you think that is we think it really helpful and I think what this lends itself to is the fact that my father by did really well yesterday because of the energy and enthusiasm that are campaigning creating and we use the resources that we didn't have that the billions of dollars that mayor Bloomberg had with the resources that we do have a fairly well so while we didn't have offices all over all of the state we did have some we had a lot of distributed organizing happening we had circuit court of the steps up to help us out and the mallet we look forward to the next phase potentially mayor Bloomberg organization that he built depending on what you thought you could be death extremely helpful I have the two of them talked today they have spoken but I am not at liberty to say what they spoke about and that I was not there that is a risk to taking the support from a billionaire and playing into Bernie Sanders narrative that the Biden campaign is one that is supported by the wealthiest of the wealthy well look I think the reality is here is that Democrats across the country are United in one thing wanting to beat Donald Trump and did you want to do that we have to come together and so I thought if I hit on the state last night in his campaign for anyone that had been knocked down in one of the things down and out anyone that desires to get something done and so I you know look it's never worked with the bill of that coalition which I think he does then we are more than happy to have that support the reality here is all right that this race is far from over and that if anyone thought Donald Trump David union just a couple weeks ago you think they're clear I Donald Trump is going to be hard to beat but two Donald Trump has to be beaten so Democrats have to come together and do what needs to be done and we are just excited that there's there's your mentor as we're calling it bye bye for them by the same thing you say the Democrats United in wanting to defeat Donald Trump the party was not United in twenty sixteen and Bernie Sanders supporters felt very alienated by the way the process unfolded what can Biden due to try to win over members of the progressive wing of the party and avoid the split that hurt Democrats four years ago what I think my friend then Biden his campaign our campaign has always been about uniting the country restoring the soul of the nation rebuilding the backbone of the country and United America builder the tenant divide by them by launching a campaign or although I think he's been very clear that if elected president he would need to be a president for everybody and our campaign is in the campaign yes or Obama Biden Democrats led by Democrats are campaigning in pain for everyone everyone who is interested in that regard and frankly I we believe that people don't really want a revolution well people are really looking for the ball when it comes to healthcare when it comes to addressing on gun violence in our country when it comes to the economy so we think that we are well positioned to pull together a broad coalition and as you can see it's already being done you know it's like Biden success last night a lot of democratic voters have been worried about his performance as a candidate I'm some of our reporters in Iowa New Hampshire talk to voters who decided not to vote for a bite and after seeing him in person his debate performances have been uneven how do you reassure Democrats that he has the ability to perform consistently I think that I answer that question is just watch them look my president Biden had a stellar performance in the child and the baby had a stellar performance in the California debate night we look forward to the debate in Phoenix Arizona coming up in just a week little over a week or so and we believe that he will do well but he has kept up a very rigorous schedule on the campaign trail I think anyone who has seen him as of late he that he is not only shark but also a really speaking to the heart of the issue the voters are concerned about and I think that's why we're drawing in the big broad coalition right now are the four let you go you had a viral moment last night tackling tester and tweeted the broken nail what was going through your head in that moment while the split second moment ari we were and I had our big election night rally in cal one yeah and a couple protesters and I can do to take the stage our security was there and acted quickly and we're very grateful for them the number of staffers myself included I jumped in you help handle the situation and I would be happy that everyone is okay no one was hurt my dell desktop I have an eloquent because afternoon Boulevard that Simone Sanders senior adviser to the bite in campaign thanks for joining us thanks