17 Burst results for "Mobius Capital Partners"

"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:34 min | 2 months ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Conversations from Bloomberg Television. Here's Amory, who ordered We're joined now by Mr E. M. Himself, Mark Mobius, co founder of Mobius Capital Partners. Very Good Afternoon to you. I know you're in the Middle East that you're in Egypt. You're in Cairo today. What we saw is these inflation fears hitting the market definitely yesterday in the tech sector spilling over to Asia, and then we had the PP. I numbers out of Asia actually surging the highest since 2017. What is your take on inflation? Is something durable? Or is it Transitory. No, it's not gossip story. We wanted to continue to have what I call information and that is his evaluation currencies. And I think, of course, with the way governments rather well been printing and releasing new currencies into the market. Degree the US you will have invasion numbers going up, which basically is a reflection of the currency at the end of the day that Zed will try to solve wary inflation. Numbers will try to lower the invasion of this. Of course, the problem with the Fed and by the way other central banks is they have a sort of schizophrenic attitude. On the one hand, they want 2% inflation, but if it goes over 2% they get scared. If he goes below 2% they trying to do something about it. And that's reason why you have this money printing system going on. And continuing as we see here, more conversations like this one on Bloomberg television streaming live on Bloomberg dot com. On dawn, the Bloomberg mobile APP or check your local cable. This thing's this'll.

Mark Mobius Egypt Cairo Mobius Capital Partners Bloomberg Television Asia Middle East today Bloomberg Amory Fed yesterday 2017 E. M. Himself Bloomberg dot com 2% inflation Zed 2% over 2% Bloomberg mobile APP
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:40 min | 4 months ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"British ambassador to Turkey, Sir Peter West MCOT president has had it in his head for a long time. The high interest rates are a cause of inflation, and most Orthodox economists think the opposite Mr at Paul's successor shot, Huh? Come Zulu falls more in line with President Erdogan's unorthodox thinking about interest rates and inflation. Well, we were really expecting given the heights that we've seen from the previous central bank governor that eventually insulation will started going down, and it would have if they had me Dean policies. Andre credibility that she Melancon, director of emerging market debt for Alliance, Bernstein, come jealous predecessor raised interest rates by 875 basis points in his short tenure. Trying to slow turkeys inflation, which runs it about 15% a year, but putting um or dovish Central bank chief in place. It didn't sit well with foreign exchange traders. Literal plunged as much as 15% on the announcement. Here's John Hardy, head of FX strategy at Saxo Bank. If you look at how the behavior of the Turkish lira has been, versus the rest of emerging markets, it's it's pretty idiosyncratic. It's its own story. This isn't the first time that the lira has struggled. There was a currency crisis in 2018 after President Trump double tariffs on steel and aluminum imports from Turkey. And it's stabilized only after the central bank took rates all the way up to 24% for almost a year by 2019 rate cuts started coming back Markets didn't like that, even though the new governor has not yet reversed the interest rate hike. Which was implemented last Thursday on he has said that there won't be a further adjustment for another three weeks. That again was Sir Peter Westmacott, former British ambassador to Turkey. In a speech to his ruling party this week, President Erdogan tried to win back the trust of international investors, assuring them that the recent volatility doesn't reflect Turkey's economy again. Here's alliance Bernsteins Shamayleh con going to be very hard to get credibility back. I think the best they can do is try to stabilize the situation s o stability. In the situation is probably the most optimistic scenario. The central bank game of musical chairs is holding Turkey back during emerging markets. Revival flows into the world. Developing economies have increased 29% in the past five years. Well, Turkey's have fallen 54%. It is going to be a very selective year for emerging markets, and it will be for risk assets as well. That's Bloomberg opinion columnist Mohammed El Arian to understand what happened in Turkey and what it could mean for investors. We turn to the man who pioneered investing in emerging markets. Mark Mobius, partner and co founder of Mobius Capital Partners, and he said it all starts with the currency. In all these emerging markets. Everybody's focus on the currency. I mean, the first question I get whenever I talk about emerging markets. Try and say What about the currency? Is there a risk in the currency? So and of course, the central bank's about supposed to be responsible for steady currency in the currency that's not balanced up. And so whenever you see a central bank being a leader being replaced, that creates a panic despite the fact that if you notice the statement about the new central bank governor in Turkey His objective will be to have a stable lire. There is nearer, so I think it's probably the reaction was overdone. I think it was did not make sense to have that kind of reaction, but it was expected that whenever you have this kind of change, the country will get weaker. I don't think the leader will continue with this weekend, so I think it would be a steady going forward. How do you protect yourself as an investor against currency decorations way we do is we try to look at purchasing power parity is one measure and other measures of whether we think the country will get stronger or weaker. And then we we see that the currency is going to get weaker isn't getting weaker. We then make a choice of socks, which will benefit from this weakness. So in some ways a week because he can actually help us to perform better So, for example, in Turkey, we have one investment in software company that exports its products. So they're getting fined exchange coming in. And of course, they cost some Turkish lira, which is getting weaker. So that's the kind of thing we take into consideration. So we try to emphasize that currency can be your helper instead of your be attractive. Mark one of the big subjects in the United States. But I think it also applies in emerging markets is the so called reflation trade. Eyes it coming. Is it here as it already had its time, for example, all prices actually started come down over the last week or two. Although they spiked up briefly that Suez issue What do you make the reflection trade as an E m investor? Is this the time? You go in for the countries and the stocks will benefit from the reflation or not. Well, first of all, I believe that looking at with the fattest doing we're not going to see a big spike. Indentation indices that we measure C p. I, As you know, I'm not a great believer in those those statistics. But anyway, you're not going to see a big spike in those numbers and, of course to be emerging market countries. In fact, the world Europe included looks at the U. S and concludes that paid inflation. America's not going anywhere. Therefore, we're not going to get hit. With that same kind of situation, So the expectation is first of all inflation world is measured by the CP. I will not raise its ugly head number one number two The U. S. Dollar will get weaker. Because they could be extending program that the by the administration has. And of course, we're already seeing emerging market currencies getting stronger against the US dollar. There's been recently little spike in the U. S. Dollar index getting little stronger, but basically the U. S. Dollar index is that a weak point and probably will get weaker going forward, which again is very good for emerging markets. As you look at emerging markets as investments do you divided up between the investments? They're really tied to commodities. Uh, a supposed to those tied to I T investment and communications because typically, people talk about North Asia, for example, is being much more oriented toward communications. I t but some other places like Mexico like Brazil beam or tied to commodities. That's a very important question, because we have investments in Brazil and South Africa so close but we haven't been in the In the commodity area at all for a number of reasons. One, of course, is the environmental problem. You know, you have these in Bible challenges. Nevertheless, commodity prices that moved up very dramatically and very nicely. But we decided that we're gonna focus on technology. And not only the software but also the hardware. We're looking at things like Computer. I seize the software that goes into semi conductors, that sort of thing, and that's in boats because this explosion and technology and the Internet is going to be with us for quite some time. Yes, it's been accelerated during the covert crisis, but going forward, we're going to see a continuing demand these goods and services thanks to Mark Mobius of Mobius Capital Partners coming up tech CEOs have a showdown on Capitol Hill. Former FCC chairman, Tom Wheeler on whether there is a regulation that can fix misinformation on social media. That's next on Wall Street Week on Gruber..

Mark Mobius Mohammed El Arian Mobius Capital Partners Tom Wheeler United States South Africa John Hardy 2018 54% North Asia 2019 29% Mexico Saxo Bank Brazil Paul Bible FCC President Bloomberg
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:33 min | 4 months ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"President, Erdogan shook markets again by replacing the head of his central bank again, this time after just four months on the job nausea. Bo was the third central bank chief ousted in less than two years. Here's former British ambassador to Turkey Sir Peter Westmacott. President has had it in his head for a long time that high interest rates are causing inflation, and most Orthodox economists think the opposite. Mr on Paul's successor shot Hot Cup Jo Lou falls more in line with President Erdogan's unorthodox thinking about interest rates and inflation Well, we were really expecting given the heights that we've seen from the previous central bank governor that eventually inflation will start going down, and it would have if they had me Dean policies. Andre credibility that she Melancon, director of emerging market debt for Alliance, Bernstein, have jealous predecessor raised interest rates by 875 basis points in his short tenure. Trying to slow turkeys inflation, which runs it about 15% a year, but putting um or dovish Central bank chief in place. It didn't sit well with foreign exchange traders. The lira plunged as much as 15% on the announcement. Here's John Hardy, head of FX strategy at Saxo Bank. She look at how the baby in the Turkish lira has been versus the rest of emerging markets. It's it's pretty idiosyncratic. It's its own story. This isn't the first time that the lira has struggled. There was a currency crisis in 2018 after President Trump does Full tariffs on steel and aluminum imports from Turkey, and it's stabilized only after the central bank took rates all the way up to 24% for almost a year by 2019 rate cuts started coming back Markets didn't like that, even though the new governor has not yet reversed the interest rate hike. Which was implemented last Thursday on Dhere has said that there won't be a further adjustment for another three weeks. That again was Sir Peter Westmacott, former British ambassador to Turkey. In a speech to his ruling party this week, President Erdogan tried to win back the trust of international investors, assuring them that the recent volatility doesn't reflect Turkey's economy again. Here's alliance Bernsteins Shamayleh con going to be very hard to get credibility back. I think the best they can do is try to stabilize the situation s o stability. In the situation is probably the most optimistic scenario. The central bank game of musical chairs is holding Turkey back during emerging markets. Revival flows into the world. Developing economies have increased 29% in the past five years. Wild turkeys have fallen 54%. It is going to be a very selective year for emerging markets, and it will be for risk assets as well. That's Bloomberg opinion columnist Mohammed El Arian to understand what happened in Turkey and what it could mean for investors. We turn to the man who pioneered investing in emerging markets. Mark Mobius, partner and co founder of Mobius Capital Partners, and he said it all starts with the currency. In all these emerging markets. Everybody's focus on the currency. I mean, the first question I get whenever I talk about emerging markets. Try and say What about the currency? Is there a risk in the currency? So and of course, the central bank's about supposed to be responsible for a steady currency in the currency that's not violent up. And so whenever you see a simple bank being a leader being replaced, that creates a panic despite the fact that if you notice the statement about the new central bank governor in Turkey Is objective will be to have a stable lire. There is nearer, so I think it's probably the reaction was overdone. I think it was did not make sense to have that kind of reaction. But it was expected that whenever you have this kind of change, the country will get weaker. I don't think the leader will continue with this weakness. I think it would be a steady going forward. How do you protect yourself as an investor against currency will operations? Well, what we do is we try to look at purchasing power parity is one measure and other measures of whether we think the country will get stronger or weaker. And then we we see that the currency is going to get weaker or is getting weaker. We then make a choice of socks, which will benefit from this weakness. So in some ways a week because he can actually help us to perform better So, for example, in Turkey, we have one investment in software company that exports its products. So they're getting foreign exchange coming in. And, of course, their costs on Turkish lira, which is getting weaker, So that's the kind of thing we take into consideration. So we try to emphasize that currency can be your helper instead of your be attractive mark one of the big subjects in the United States, but I think it also applies in emerging markets. Is the so called reflation trade eyes it coming isn't here and they're already had its time. For example, all prices actually started come down over the last week or two, although they spiked up briefly that Suez issue What do you make the reflection trade as an E m investor. Is this the time to go in for the countries and the stocks will benefit from the reflection or not? Well, first of all, I believe that looking at with the Fed is doing we're not going to see a big spike. Indentation indices that we measure C P. I, As you know, I'm not a great believer in those those statistics. But anyway, you're not going to see a big spike in those numbers and, of course, the emerging market countries. In fact, the world Europe included looks at the U. S and concludes that pay inflation. America's not going anywhere. Therefore, we're not going to get hit. With that same kind of situation, So the expectation is first of all invasion wouldn't is measured by the CP. I will not raise its ugly head number one number two The U. S. Dollar will get weaker. Because to the big spending program that by the administration has, and of course, we've already seen emerging market currencies getting stronger against the US dollar. There's been recently little spike in the U. S dollar index getting those stronger but basically the U. S. Dollar index is that a weak point and probably will get weaker going forward, which again is very good for emerging markets. As you look at emerging markets as investments do you divided up between the investments? They're really tied to commodities. Uh, a supposed to those tied to I T investment and communications because typically, people talk about North Asia, for example, is being much more oriented toward communications. I t but some other places like Mexico like Brazil beam or tied to commodities. That's a very important question because we have investments in Brazil and South Africans hopeless, but we haven't been in the In the commodity area at all for a number of reasons. One, of course, is the environmental problem. You know, you have these in Bible challenges. Nevertheless, come on the prices that moved up very dramatically and very nicely. But we decided that we're gonna focus on technology. And not only the software but also the hardware. We're looking at things like Computer. I seize the software that goes into semi conductors, that sort of thing, and that's in boats because this explosion and technology and the Internet is going to be with us for quite some time. Yes, it's been accelerated during the covert crisis, but going forward, we're going to see a continuing demand these goods and services.

Mobius Capital Partners Mohammed El Arian Mark Mobius United States John Hardy 2019 29% 2018 54% Saxo Bank North Asia Erdogan Bible Mexico Brazil Bloomberg Paul Peter Westmacott this week 875 basis points
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:35 min | 4 months ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Markets again by replacing the head of his central bank began this time after just four months on the job, not G. Abo was the third central bank chief ousted in less than two years. Here's former British ambassador to Turkey, Sir Peter Westmacott, president out on his head in his head for a long time that high interest rates are a cause of inflation, and most Orthodox economists think the opposite. Mr on Paul's successor shot up Come, Jo Lou falls more in line with President Erdogan's unorthodox thinking about interest rates and inflation. Well, we weren't really expecting given the heights that we've seen from the previous Central bank governor that eventually inspirational started going down, and it would have if they had me Dean policies. Andre credibility. That's Djamila Kahn, director of emerging market debt for Alliance. Bernstein, comptroller's predecessor raised interest rates by 875 basis points in his short tenure. Trying to slow turkeys inflation, which runs it about 15% a year, but putting um or dovish Central bank chief in place. It didn't sit well with foreign exchange traders. Lira plunged as much as 15% on the announcement. Here's John Hardy, head of FX strategy at Saxo Bank, She look at how the baby in the Turkish lira has been versus the rest of emerging markets. It's it's pretty idiosyncratic, it's its own story. This isn't the first time that the lira has struggled. There was a currency crisis in 2018 after President Trump double tariffs on steel and aluminum imports from Turkey, and it's stabilized only after the central bank took rates all the way up to 24%. We're almost a year by 2019 rate cuts started coming back Markets didn't like that, even though the new governor has not yet reversed the interest rate hike, which was implemented last Thursday on he has said that there won't be a further adjustment for another three weeks. That again was Sir Peter Westmacott, former British ambassador to Turkey. In a speech to his ruling party this week, President Erdogan tried to win back the trust of international investors. Assuring them that the recent volatility doesn't reflect Turkey's economy again. Here's alliance Bernsteins show Melancon going to be very hard to get credibility back. I think the best they can do is try to stabilize the situation. S O. Stability in the situation is probably the most optimistic scenario. The Central bank game of musical chairs is holding Turkey back during emerging markets revival. Flows into the world. Developing economies have increased 29% in the past five years, while turkeys have fallen 54%. It is gonna be very selective year for emerging markets, and it will be for risk assets as well. That's Bloomberg opinion columnist Mohammed El Arian to understand what happened in Turkey and what it could mean for investors. We turn to the man who pioneered investing in emerging markets. Mark Mobius, partner and co founder of Mobius Capital Partners, and he said it all starts with the currency. In all these emerging markets. Everybody's focus on the currency. I mean, the first question I get whenever I talk about emerging markets. I didn't say what about the currency? Is there risking the currency so and of course, the central bank's about supposed to be responsible for steady currency in the currency that's not violent up. And so whenever you see a central bank being a leader being replaced, that creates a panic despite the fact that if you notice the statement about the new central bank governor in Turkey Is objective will be to have a stable lire. There is nearer, so I think it's probably the reaction was overdone. I think it was did not make sense to have that kind of reaction. But it was expected that whenever you have this kind of change, the country will get weaker. I don't think the leader will continue with this weakness. I think it would be a steady going forward. How do you protect yourself as an investor against currency decorations? What we do is we try to look at purchasing power parity is one measure and other measures of whether we think the country will get stronger or weaker. And then we way see that the currency is going to get weaker isn't getting weaker. We then make a choice of stocks, which will benefit from this weakness. So in some ways a week because he can actually help us to perform better So, for example, in Turkey, we have one investment in software company that exports its products. So they're getting foreign exchange coming in. And, of course, their costs on Turkish lira, which is getting weaker, So that's the kind of thing we take into consideration. So we try to emphasize that currency can be your helper instead of your be attractive mark one of the big subjects in the United States, but I think it also applies in emerging markets. Is the so called reflation trade eyes it coming isn't here and they're already had its time. For example, all prices actually started come down over the last week or two, although they spiked up briefly that Suez issue What do you make the reflection trade as an E m investor. Is this the time to go in for the countries and the stocks will benefit from the reflection or not? Well, first of all, I believe that looking at what the Fed is doing, we're not going to see a big spike. Indentation indices that we measure C p. I, As you know, I'm not a great believer in those those statistics. But anyway, you're not going to see a big spike in those numbers and, of course, the emerging market countries. In fact, the world Europe included looks at the U. S, and concludes that a invasion America's not going anywhere. Therefore, we're not going to get hit. With that same kind of situation, So the expectation is first of all inflation world is measured by the CP. I will not raise its ugly head number one number two The U. S. Dollar will get weaker. Because they could be extending program that the by the administration has. And of course, we've already seen emerging market currencies getting stronger against the US dollar. There's been recently little spike in the U. S. Dollar index getting little stronger, but basically the U. S. Dollar index is that a weak point and probably will get weaker going forward, which again is very good for emerging markets. As you look at emerging markets as investments do you divided up between the investments? They're really tied to commodities. Uh, a supposed to those try to I T investment and communications because typically, people talk about North Asia, for example, is being much more oriented toward communications. I t but some other places like Mexico like Brazil beam or tied to commodities. That's a very important question because we have investments in Brazil and South Africans hopeless, but we haven't been in the In the commodity area at all for a number of reasons. One, of course, is the environmental problem. You know, you have these in Bible challenges. Nevertheless, come on the prices that moved up very dramatically and very nicely. But we decided that we're gonna focus on technology. And not only the software but also the hardware. We're looking at things like Computer. I seize the software that goes into semi conductors that sort of thing, and that's involved because this explosion and technology and the Internet is going to be with us for quite some time. Plus, it's been accelerated during the covert crisis. But going forward, we're going to see a continuing demand these goods and services thanks to Mark Mobius of Mobius Capital Partners.

Mark Mobius Mobius Capital Partners Mohammed El Arian United States John Hardy Djamila Kahn 29% 54% 2019 2018 Saxo Bank Bible Mexico North Asia Brazil Bloomberg President Bernstein Paul 875 basis points
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:32 min | 4 months ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Again by replacing the head of his central bank began this time after just four months on the job, not G. Abo was the third central bank chief ousted in less than two years. Here's former British ambassador to Turkey. Sir Peter Westmacott. President has had it in his head for a long time that high interest rates are a cause of inflation, and most Orthodox economists think the opposite. Mr at Paul's successor shot, Huh? Come, Jo Lou falls more in line with President Erdogan's unorthodox thinking about interest rates and inflation. Well, we wer e expecting given the heights that we've seen from the previous central bank governor that eventually insulation will started going down and it would have if they had me Dean policies. Andre credibility that show Melancon, director of emerging market debt for Alliance Bernstein have Joel is predecessor raised interest rates by 875 basis points in his short tenure. Trying to slow turkeys inflation, which runs it about 15% a year, but putting um or devilish central bank chief in place. It didn't sit well with foreign exchange traders. The lira plunged as much as 15% on the announcement. Here's John Hardy, head of FX strategy at Saxo Bank. She look at how the behavior of the Turkish lira has been versus the rest of emerging markets. It's it's pretty idiosyncratic. It's its own story. This isn't the first time that the lira has struggled. There was a currency crisis in 2018 after President Trump double tariffs on steel and aluminum imports from Turkey, and it's stabilized only after the central bank took rates all the way up to 24% for almost a year by 2019 rate cuts started coming back Markets didn't like that, even though the new governor has not yet reversed the interest rate hike. Which was implemented last Thursday on Dhere has said that there won't be a further adjustment for another three weeks. That again was Sir Peter Westmacott, former British ambassador to Turkey. In a speech to his ruling party this week, President Erdogan tried to win back the trust of international investors, assuring them that the recent volatility doesn't reflect Turkey's economy again. Here's alliance Bernstein Shamayleh con going to be very hard to get credibility back. I think the best they can do a strike stabilize the situation s o stability. In the situation is probably the most optimistic scenario. The central bank game of musical chairs is holding Turkey back during emerging markets. Revival flows into the world. Developing economies have increased 29% in the past five years. Wild turkeys have fallen 54%. It is going to be a very selective year for emerging markets, and it will be for risk assets as well. That's Bloomberg opinion columnist Mohammed El Arian to understand what happened in Turkey and what it could mean for investors. We turn to the man who pioneered investing in emerging markets. Mark Mobius, partner and co founder of Mobius Capital Partners, and he said it all starts with the currency. In all these emerging marks everybody's focus on the currency. I mean, the first question I get whenever I talk about emerging markets. I didn't say what about the currency? Is there a risk in the currency? So and of course, the central bank's about supposed to be responsible for steady currency in the currency. That's not bottle it up. And so whenever you see a simple bank being a leader being replaced, that creates a panic despite the fact that if you notice the statement about the new central bank governor in Turkey His objective will be to have a stable lire. There is nearer, so I think it's probably the reaction was overdone. I think it was did not make sense to have that kind of reaction, but it was expected that whenever you have this kind of change, the country will get weaker. I don't think the leader will continue with this weakness. I think it would be a steady going forward. How do you protect yourself As an investor against currency decorations way we do is we try to look at purchasing power parity is one measure and other measures of whether we think the country will get stronger or weaker. And then we way see that the currency is going to get weaker isn't getting weaker. We then make a choice of socks, which will benefit from this weakness. So in some ways a week because he can actually help us to perform better So, for example, in Turkey, we have one investment in software company that exports its products. So they're getting foreign exchange coming in. And of course, they costs on Turkish lira, which is getting weaker. So that's the kind of thing we take into consideration. So we try to emphasize that currency can be your helper instead of your be attractive mark one of the big subjects in the United States, but I think it also applies in emerging markets. Is the so called reflation trade. Eyes it coming. Is it here as there already had its time, for example, all prices actually started come down over the last week or two, although they spiked up free food that Suez issue What do you make the reflection trade as an E m investor. Is this the time to go in for the countries and the stocks will benefit from the reflection or not? First of all, I believe that looking at with the fattest doing we're not gonna see a big spike. Indentation indices that we measure C P. I, As you know, I'm not a great believer in those those statistics. But anyway, you're not going to see a big spike in those numbers and, of course, the emerging market countries. In fact, the world Europe included looks at the U. S, and concludes that a temptation America's not going anywhere Therefore, we're not going to get hit. With that same kind of situation, So the expectation is first of all invasion of woman is measured by the city. I will not raise its ugly head number one number two The U. S. Dollar will get weaker. Because the big spending program that by the administration has, and of course, we've already seen an emerging market currencies getting stronger against the US dollar. There's been recently little spike in the U. S dollar index getting those stronger but basically the U. S. Dollar index is that a weak point and probably will get weaker going forward, which again is very good for emerging markets. As you look at emerging markets as investment do you divided up between the investments? They're really tied to commodities. Uh, a supposed to those tied to I T investment and communications because typically, people talk about North Asia, for example, is being much more oriented toward communications. I t but some other places like Mexico like Brazil beam or tied to commodities. That's a very important question because we have investments in Brazil and South Africans hopeless, but we haven't been in the In the commodity area at all for a number of reasons. One, of course, is the environmental problem. You know, you have these in Bible challenges. Nevertheless, commodity prices that moved up very dramatically and very nicely. But we decided that we're gonna focus on technology. And not only the software but also the hardware. We're looking at things like Computer. I see. So the software that goes into semi conductors that sort of thing and that's in boats because this explosion and technology and the Internet is going to be with us for quite some time. Yes, it's been accelerated during the covert crisis, but going forward, we're going to see a continuing demand these goods and services.

John Hardy Mark Mobius Mobius Capital Partners Mohammed El Arian United States 54% 2018 Saxo Bank 29% 2019 Paul Bible Joel North Asia Brazil Mexico Peter Westmacott Bloomberg this week last Thursday
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:22 min | 4 months ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Like Brazil beam or tied to commodities. That's a very important question, because we have investments in Brazil and South Africa and so forth, But we haven't been in the in the commodity area at all for a number of reasons. One, of course, is the environmental problem. You know you have these in viable challenges. Nevertheless, commodity prices that moved up very dramatically. Very nicely. But we decided that we're gonna focus on technology and not only the software but also the hardware. We're looking at things like Computer. I seize the software that goes into semi conductors, that sort of thing, and that's in boats because this explosion and technology and the Internet is going to be with us for quite some time. Plus, it's been accelerated during the covered crisis. But going forward, we're going to see any continuing demand these goods and services. That was part of my discussion with Mark Mobius Mobius Capital Partners, founder and coat I'm sorry, co founder Let's get Now to first word news for that we turn to Mark Crumpton David. Thank you. Some widely available hand sanitizers that American consumers snapped up last year to ward off Corona virus infection contain high levels of a chemical known to cause cancer. Valley. Sure, an online pharmacy that test products for quality and consistency found some contain high levels of benzine. The World Health Organization says that's his dangerous as asbestos. Among the most contaminated hand cleaners were products from art naturals, sensational a soaps and candles and cream shop. And a baby Yoda theme bottle from Best friends. Consumer products by an administration won't demand that its allies make a choice between the United States and China. Speaking of NATO headquarters in Brussels today, Secretary of State Antony Blinken said US quote will rely on innovation and not on tantrums. Lincoln was speaking today to some of his colleagues in Europe. Blinken is using that strategy to reverse the Trump error approach in which the U. S demanded that other countries boost spending immediately and choose between the U. S and China. Turkey's president is coming under criticism for holding his party's Congress inside a packed sports complex amid a new surge of covert 19 cases. Rage of Erdogan spoke for nearly two hours as thousands filled the stands of the 10,000 plus capacity complex and Ankara despite the government's social distancing rules. Wearing masks in public spaces is mandatory in Turkey, but videos of the event show many people without masks. In Israel, a deeply divided country has failed to resolve a political impasse in the fourth election in two years. Neither Prime Minister Benjamin Netanyahu nor his opponents have a clear path to forming a coalition government. If no one is able to build a parliamentary majority, there could be another election. Global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700, journalists and analysts in over 120 countries. I'm Mark Crumpton, this is Bloomberg. Like so much mark up next chipmaker come back, We're gonna take a look at Intel's our stock of the hour. It's trying to return to its former glory as a chip maker. It's our stock in.

Mark Crumpton Brussels South Africa Lincoln Europe Blinken Congress Israel Trump World Health Organization two years more than 2700 Prime Minister Intel Erdogan thousands fourth election last year 19 cases over 120 countries
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:34 min | 4 months ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Credit in your account at the Met. And if you need the money, you could turn that into whatever currency in the str basket. You want the U. S dollar obviously. The biggest part of it, they could draw in euros, or they could draw in yen. Things like that. But the guests is they would. Most people would probably want dollars. And so Senator Kennedy was asking if the taxpayer wouldn't lose money on this. In other words, we would be funding these FDR's and giving people money and they would be sending it to the Chinese. He The number $180 billion, Janet Yellen said. I have no idea where you get that number from and we wouldn't lose money because we get interest on these str deposits and so that would offset any losses. The senator started talking over her and she pushed back. Wait a minute. I don't believe you and They get into a little bit of a shouting match. I must say I hadn't seen that side of Janet Yellen. But it's clear you don't want to cross her and the wrong search services. This is not the only time it came up. It came up yesterday on the house side as well as the yard and let me put you on the spot. And I do this Mike only because you know, washing. So what you've covered it for so many years, including the Treasury do they need permission from Congress? Because I heard Janet Yellin at one point say, we will come back and consult with you before. I wasn't clear to me whether they need permission from Congress or whether they could do it on their own. I would give you the answer. It depends. I think in this case they do because the amount of money they're talking about. It's an appropriated amount by Congress. So in that sense, yes, they need congressional permission, but I don't know how much has been appropriated and not used. It is likely, though, that they will have to go back to Congress, and Danielle said. We will work with Congress on this. Yeah, it's fascinating was quite an exchange people to watch it, but they didn't see the first time. Thanks so much to Michael McKee. He is Bloomberg International economics and Policy correspondent. Coming up part of my conversation with Mark Mobius of Mobius Capital Partners about what went on in Turkey and in emerging markets this week. This is balance of power on Bloomberg television and radio. Jody Schwartz noted. Tax attorney tells us why she recommends Jewish communal fund. I recommend that J C F to my clients to my colleagues to really anyone who asked the question about charitable giving, because it's convenient. It allows you the maximum tax deductions permitted by law, and it just makes your life easier, organized and simple. Another aspect for clients and for other colleagues who don't want their identities to be known, or don't want to talk about the property that they're giving away to charity. They found Jaycee s confidentiality..

Michael McKee Janet Yellin Mark Mobius Janet Yellen Jody Schwartz Congress Danielle Mobius Capital Partners Turkey $180 billion Mike Bloomberg yesterday Senator U. S euros this week first time Kennedy Jewish
"mobius capital partners" Discussed on NewsRadio KFBK

NewsRadio KFBK

04:15 min | 1 year ago

"mobius capital partners" Discussed on NewsRadio KFBK

"Private lunch with senior Trump Administration officials. Gripes ranged from frustrations at the price tag to the process by which the bill was written and released. Mike Power News, 93.1 KFBK Talk about the price of Gold and silver. They've been skyrocketing in recent weeks. There are many theories. Why uncertainty and fear Overcovered 19 the economy, the strained relations between US and China, central banks around the world simply printing money to prop up economies. There are many theories. One of those bullish on the price of gold is investor Mark Mobius. The co founder of Mobius Capital Partners. Here's what he told Bloomberg business. It is our featured audio clip this hour. I think one thing you have to remember that when interest rates are high, people will tell you. Oh, you're holding gold. Gold does not pay any interest. But when interest rates are zero or new zero, then gold is an attractive medium tohave because You don't have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets arriving By the way. One of the end of the interesting things about gold and I haven't looked at the numbers recently, is what the supply coming out of the mines is going to be with his co vid. I assume that mine How put should be declining for gold, and that, of course, put additional pressure upwards on the price, So it's reaching record highs as you mentioned a lot of theories as to why a Paul almost five bucks announced this morning again. You know, And there are those who are very bullish on gold right now. Mark Mobius is obviously one of them. Forbes just recently put out on article that was brought to my attention, cautioning people. You have to be very careful when you get into precious metals. It's a very volatile market that can go up and down on your really, really quickly. So ah might be better than Bitcoin, though. You know, there are people who think Bitcoin will be the next gold. And there's a big debate about which will be, you know, more dominant in the future there, people predicting Bitcoin's gonna go crazy. Just ask Kelly brothers about that well, and then there's all discussion are we headed for simply overall, just digital money. Well, paper money go away, because as they continue to print more and more money, I mean the staggering amount of money, not just the United States, not just the Fed Ono the youjust trillion dollars from the U. Maybe that's where we're headed. Maybe it's going to be digital currency. We already have a queen shortage. Well, and there are Pete and there are those in the investment world who say, you know, governments like when we do digital deals because then they can follow all that contract every day. It's like that tattoo that Google's going to put on our skin. Didn't you talk about that? Yesterday? Yesterday Goo wants to make these tattoos on your skin that will work. Kind of like a keyboard, you know? And you, Khun manipulate different things, so I don't know where Colonel Stories News, 93.1 KFBK from ABC News. I'm Sherry Preston. A new report from the Corona Virus Task Force shows 21 states, three more than last week have outbreaks serious enough to land them in the red Zone. That means more than 100 new covert 19 cases for every 100,000 people at a positivity rate above 10%. President Trump pushing for more states to re open amidst that news and said during a Tuesday news conference. Large portions of the country are Koven free. ABC senior White House correspondent Cecilia Vega, the president, openly lamenting having lower approval ratings in the nation's top infectious disease expert, Dr Anthony Fauci, president Trump saying he wants America toe like him, too. He's working with the administration and for the most part We've done pretty much what he and others Dr Burkes and others who are terrific recommended. And now the president is back to downplaying the threat of covert 19 once again, promoting the discredited treatment hydroxy Chlor Quinn maybe sees Victor Kendo says. Test for modern Is vaccine are progressing Majorities vaccine showing some early and quick promise here. Seven out of eight primates injected with the vaccine. Showed no detectable virus in their lungs. Just two days after exposure Moderna in Phase three of trials looking into the efficacy of its vaccine in humans as well. The world's richest man..

Mark Mobius US Bitcoin Dr Anthony Fauci Trump Administration ABC News President Trump president Mobius Capital Partners Mike Power Google co founder Forbes Bloomberg Overcovered Sherry Preston ABC Paul Khun
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:01 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Socially distanced themselves. I'm Evan Haining, and I'm Susanna Palmer in the Bloomberg News Room New numbers on the Corona virus in New York. New York reported 750 new cases a 2/10 of 1% increase. That's in line with the previous week's average virus. Hospitalizations fell slightly to 646. The state recorded 10 deaths. Former Treasury Secretary Larry Summers says he can't remember when a recovery has been more uncertain than it is right now. Usually the economy hits bottom. And you could be pretty confident. It's gonna go up for a while. This time. I don't think so. Given what we're seeing in the data on unemployment insurance claims too sweet. And, more broadly, given the uncertainty about the course of the pandemic. Summers was interviewed on Bloomberg Wall Street Week. He predicts the biggest falloff in stimulus of Congress doesn't act strongly and quickly, And he says that the length of the relief is more important than its size. Beijing slammed to the forced entry to its used in consulate by U. S personnel on Friday evening and vowed to respond as necessary. Federal agents and local law enforcement authorities broke into the consulate, according to the Houston Chronicle and CNN this after issuing an order last Tuesday that it must close within 72 hours. Newspaper reported that among the personnel on site were some wearing shirts carrying the words. U. S Department of State. Beijing said that the U. S had broken diplomatic conventions by entering China's national property. The pandemic of 2020 is showing up as the driving force behind one of the most ferocious rallies the gold market has ever seen. At the close of trading in New York yesterday, bullion had spiralled to 19 0 Tuo to announce that some 30% higher than the low it hit back in March and just over 1% off a record high set in 2011. Mark Mobius is co founder of Mobius Capital Partners that would be buying now and continue to buy global news 24 hours a day on air and on Bloomberg Quick take powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, This is Bloomberg is balance of power. With David Western on Bloomberg Radio. Still to come this hour. Former vice President Joe Biden is planned for Green Energy. I talk about it with climate champion and former presidential candidate Tom Steyer. But first the Trump administration has made a priority of protecting the United States and other Western countries from what it sees is a threat of China gaining dominance in five G. That's the next round of wireless communication. James Lewis is director of the technology policy program at the Center for Strategic and International Studies. I asked It's for his take on the Justice Department report that accused to Chinese hackers of trying to steal Corona virus vaccine research. Justice has decided to push back hard against the Chinese. This espionage has been going on for probably about 20 years and the Chinese have ratcheted up they're dependent on stealing technology. And beginning in about 2015 the US started to push back so this administration has been harder than any other and it's not a surprise. There's dozens of it's and it's like this where you catch Chinese spies trying to steal intellectual property. Do we have a comprehensive policy to defend ourselves against it? Is it possible to have such a policy? It is possible to have such a policy, and I think that's where we are headed. You need to put together a package of things. Sanctions indictments, expelling people working with allies to build a common approach to China. The Chinese are not going to stop doing this, in part because it's one of the secrets to their economic growth, and this goes back. To the 20th century. The idea that China needs to steal intellectual property. We've only just started to put together policies that pushback on that. The Obama administration reached an agreement with the Chinese in 2015 that each side would stop using government actors to engage in commercial espionage. The agreement lasted about a year a little longer, And then the Chinese walked away from it. If you're a hacker in China, you know you don't get you don't get a vote, The Ministry of Public Safety will come to you and say, basically work for the government or go to jail. So these hackers they probably didn't need much encouragement. But China uses this system of state hackers What we would call spies and these private individuals, criminals who this proxies for the state. Longstanding story expect to see more indictments like this in the future. James. You took me right to one of the questions that I have, which is can we do this alone? President Trump is you say, has identified that has been tougher than other administrations has been at the same time. He tends to like to do things on a bilateral basis rather than multilateral. Can we really effectively curtail Chinese abuse of cyberspace without our allies? No union. You need a concerted approach. And the thing that's interesting is that the Japanese, the Australians there pretty much their the Brits are pretty much there. The Germans still a little bit on defense. China's their biggest market, and they don't want Teo make them about a huge debate in Germany, European Union and Brussels moving in our direction, So if we call on this together, you'd have Ah Ah, strong. Front against China. The Chinese worry about that. They worry that maybe will figure out that having allies is a good idea. So until we do that, it won't be his powerful response. But the pieces are all there. We just have to decide to put them together. James, also in the Secretary of state, Mike Pompeo, visiting the UK, in part at least to address the issue of Wall Way and the use of wild ways. Five G equipment give us a sense of where that is, that is again one of the things that President Trump is really emphasized. Are we in a race or even a battle with China over five G technology?.

China Bloomberg New York James Lewis Larry Summers President Trump Susanna Palmer Beijing United States Center for Strategic and Inter Bloomberg Radio Evan Haining Tom Steyer Mark Mobius Justice Department Houston Chronicle U. S Department of State
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:27 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Muscles with California leading the U. S and the total number of cases Dr Deborah Pro throw stiff off the Charles are Drew University College of Medicine in Los Angeles, says bars are contributing to the surge. If you're drinking and you're pulling down your mask and your talking and you're in that environment, there's a closed room. Air circulation is not something that always allows filtering. So that does seem to be one of the factors and I'm Susanna Palmer in the Bloomberg News Room New numbers on the Corona virus in New York. New York reported 750 new cases a 2/10 of 1% increase. That's in line with the previous week's average virus. Hospitalizations fell slightly to 646. The state recorded 10 deaths. Former Treasury Secretary Larry Summers says he can't remember when a recovery has been more uncertain than it is right now. Usually the economy hits bottom. And you can be pretty confident. It's gonna go up for a while. This time. I don't think so. Given what we're seeing in the data unemployment insurance claims too sweet. And, more broadly, given the uncertainty about the course of the pandemic. Summers was interviewed on Bloomberg Wall Street Week. He predicts the biggest falloff in stimulus of Congress doesn't act strongly and quickly, And he says that the length of the relief is more important than its size. Beijing slammed to the forced entry to its used in consulate by U. S personnel on Friday evening and vowed to respond as necessary. Federal agents and local law enforcement authorities broke into the consulate, according to the Houston Chronicle and CNN this after issuing an order last Tuesday that it must close within 72 hours. Newspaper reported that among the personnel on site were some wearing shirts carrying the words. U. S Department of State. Beijing said that the U. S had broken diplomatic conventions by entering China's national property. The pandemic of 2020 is showing up as the driving force behind one of the most ferocious rallies the gold market has ever seen. At the close of trading in New York yesterday, bullion had spiralled to 19 0 Tuo to announce At some 30% higher than the low. It hit back in March and just over 1% off a record high set in 2011. Mark Mobius is co founder of Mobius Capital Partners that would be buying now and continue to behind. Global news, 24 hours a day on air and on Bloomberg Quick take powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, This is Bloomberg. This's good opinion on Bloomberg Radio for you news comments and insights from Bloomberg opinions worldwide team of editors and columnists. I'm June Grosso Coming up on the show why bosses must face parents working from home struggles bus out. Trump's pardon abuses undermine the rule of long. But first with the second quarter behind US investors are evaluating how well their holdings have performed. If you're one of the many who are disappointed with the results, Bloomberg opinion calm this. Barry writ, Holt's founder of the red holes, wealth management and hosts of Masters in business has five questions to ask yourself to help get things right. So the first question for investors to ask themselves is what is my investing philosophy? That's right there. There's a tendency you know what we're like, really fascinated by shiny objects that investors are magpies. And rather than just flit from flower to flower. You should develop some philosophy of investing and then stick with it. And I'm not even telling people you must be a value investor, or you must be a passive investor. If I find something that you can live with, find something that you're comfortable wish and stay with it. Don't try on different investment philosophies every other day. Like they're Ah, New para pan. That's not helpful. Alright, Number two. Where did I go wrong? And how am I tracking it? Well, I think we have a lot of where did I go wrong lately? Yes. So? So I started my career on a trading desk. And one of the very first things you learn is that it's okay to be wrong. But it's not okay to stay wrong and for too many investors and quite a number of traders. There's so much ego wrapped up in each investment so much sense of self and there's also a lot of the behavior is Colin down. In effect, you put a lot of time and effort and energy into researching a stock. And those some cost people are reluctant to move on. When the trade doesn't work out, and you can't be that way. Admit you were wrong. Learn a little lesson from it and move forward is the best approach. Number three is How strong are my convictions? Well, People have convictions. They just don't realize it and in the world of investing What? What That means. It doesn't mean your enthusiasm. It means How substantial is the basis of your belief system? How quantitatively have you evaluated your trading approach or you're investing approach. Have you looked at your approach over different time periods in different regions in different assets. Does your approach work? Most places many places all the time. Some of the time. That's what I mean by conviction. And if you're not aware of the fact that you're investing in a strategy that Maybe it works for a while, and then it stops working on a regular basis. You should know that and the way you learn that is by by figuring out How much conviction the approach you're applying, Actually, as The fourth question to ask yourself is what changes am I willing to make? Yeah, This is the killer. This is the really difficult one. This Issue of making changes is why every year I believe January 19th Is the day by which most people New Year's resolution to have failed. There's a tremendous amount of inertia in people's behavior. It's hard to stop smoking. It's hard to lose way. It's hard to exercise every day. If you want to watch less television and read more..

Bloomberg New York Susanna Palmer Larry Summers Bloomberg Radio Beijing U. S Mark Mobius California Houston Chronicle Dr Deborah Pro Drew University College of Med US Los Angeles Charles CNN
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:22 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Punch, and I was going to produce a 6 to 12 inches of rain with isolated maximum of totals of 18 inches through Sunday night. That's across South Texas, and in several Mexican states across the U. S and Mexican border. I'm in caves. And I'm Susanna Palmer In the Bloomberg News Room. New numbers on the Corona virus in New York, New York, reported 750 new cases a 2/10 of 1% increase That's in line with the previous week's average. Iris hospitalizations fell slightly to 646 The state recorded 10 deaths. Former Treasury Secretary Larry Summers says he can't remember when a recovery has been more uncertain than it is right now. Usually the economy his bottom. And you can be pretty confident that it's gonna go up for a while. This time. I don't think so. Given what we're seeing in the data unemployment insurance claims too sweet. And, more broadly, given the uncertainty about the course of a pandemic. Summers was interviewed on Bloomberg Wall Street Week. He predicts the biggest falloff in stimulus if Congress doesn't act strongly and quickly, and he says that the length of the relief is more important than its size. Beijing slammed to the forced entry to its used in consulate by U. S personnel on Friday evening and value respond as necessary. Federal agents and local law enforcement authorities broke into the consulate, according to the Houston Chronicle and CNN this after issuing an order last Tuesday that it must close within 72 hours. Newspaper reported that among the personnel on site were some wearing shirts carrying the words. U. S Department of State. Beijing said that the U. S had broken diplomatic conventions by entering China's national property. The pandemic of 2020 is showing up as the driving force behind one of the most ferocious rallies the gold market has ever seen. At the close of trading in New York yesterday, bullion had spiralled to 19 0 Tuo to announce that some 30% higher than the low it hit back in March and just over 1% off a record high set in 2011. Mark Mobius is co founder of Mobius Capital Partners that would be buying now and continue to buy global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, This is Bloomberg. Hi, I'm Danica Patrick. Watching.

Larry Summers Bloomberg New York Susanna Palmer Beijing Danica Patrick Mark Mobius South Texas Mobius Capital Partners Houston Chronicle CNN U. S Department of State China Congress co founder U. S
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:31 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Market has ever seen. At the close of trading in New York, yesterday 1,000,000,000 had spiralled to 19 0 to 0 to announce some 30% higher than the low it hit in March and just 1% off a record high setback in 2011. Mark Mobius is co founder of Mobius Capital Partners that would be by now and continue to buy Bridgewater Associates. Former co chief executive officer Eileen Murray escalated a feud over her departure, accusing the $138 billion firm of threatening to withhold her deferred compensation because she went public with gender discrimination allegations. Meanwhile, Bridgewater Associates says it's planning job cuts because it won't need the same number of support staff as more employees work from home and new technologies are changing the types of people Bridgewater needs to serve clients. Even Marcus, the bankrupt luxury retailer says it will permanently closed its store in New York City's Hudson Yards, along with three other US locations. The race to purchase Brooks Brothers out of bankruptcy is on as brand manager W. H P Global and a group of Italian companies prepare bids following authentic brands and Simon Property's $305 million offer. Boston Beer shares surged to a record Friday after the brewer forecast profit for the full year that exceeded projections. Analysts cited second quarter depletion is and a booming growth for its hard seltzer. Truly global news, 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Susanna Palmer, This is Bloomberg. This is balance of power with David Western on Bloomberg Radio. Still to come this hour. Former Vice President Joe Biden is planned for Green Energy. I talk about it with climate champion and former presidential candidate Tom Steyer. But first the Trump administration has made a priority of protecting the United States and other Western countries from what it sees is a threat of China gaining dominance in five G. That's the next round of wireless communication. James Lewis is director of the technology policy program at the Center for Strategic and International Studies. I asked James for his take on the Justice Department report that accused too. Chinese hackers of trying to steal Corona virus Vaccine research Justice has decided to push back hard against the Chinese. This espionage has been going on for probably about 20 years and the Chinese were ratcheted up. They're dependent on stealing technology. And beginning in about 2015 the US started to push back so this administration has been harder than any other. So it's not a surprise. There's dozens of incidents like this where you catch Chinese spies trying to steal intellectual property. Do we have a comprehensive policy to defend ourselves against it? Is it possible to have such a policy? It is possible to have such a policy, and I think that's where we are headed. I need to put together a package is things sanctions indictments, expelling people working with allies to build a common approach to China? The Chinese are not going to stop doing this, in part because it's one of the secrets to their economic growth, and this goes back. To the 20th century. The idea that China needs to steal intellectual property. We've only just started to put together policies that pushback on that. The Obama administration reached an agreement with the Chinese in 2015 that each side would stop using government actors to engage in commercial espionage. The agreement lasted about a year a little longer, And then the Chinese walked away from it. If you're a hacker in China, you know you don't get you don't get a vote, The Ministry of Public Safety will come to you and say basically Work for the government or go to jail. So these hackers, they probably didn't need much encouragement. But China uses this system of both state hackers What we would call spies. And these private individuals, criminals who hacked his proxies for the state longstanding story expect to see more indictments like this in the future. James. You took me to one of the questions that I have, which is can we do this alone? President Trump is you say, has identified that has been tougher than other administrations has been at the same time. He tends to like to do things on a bilateral basis rather than multilateral. Can we really effectively curtail Chinese abuse of cyberspace without our allies? No union. You need a concerted approach. And the thing that's interesting is that the Japanese, the Australians there pretty much their the Brits are pretty much there. The Germans still a little bit on defense. China's their biggest market, and they don't want Teo victim but a huge debate in Germany, European Union and Brussels moving in our direction. So if we call all of this together, you'd have Ah Ah, strong. Front against China. The Chinese worry about that. They worry that maybe will figure out that having eyes is a good idea. So until we do that, it won't be his powerful response. But the pieces are all there. We just have to decide to put them together. James, also in the Secretary of state, Mike Pompeo, visiting the UK, in part at least to address the issue of Wall Way and the use of wild ways. Five G equipment give us a sense of where that is, that is again one of the things that President Trump is really emphasized. Are we in a race or even a battle with China over five G technology? You know, the five G issue and walk away gets back to Chinese espionage. Chicas y away has been cooperative Eso. It is alleged with the Chinese intelligence agencies, and there's pretty good information on that. So when you approached Chinese espionage, you're also talking about Wall way and you're talking about five G, and some people call this a victory lap for secretary on Buyeo. He's going because the Brits changed their mind and said they didn't want While we in there systems now, some of that was us pressure without a doubt, But you've got this really risk that many Europeans were concerned about the China intends to steal their intellectual property. Bill competing industries and put them out of business. So why always part of this larger debate? Five g is going to be the way that networks were constructed in the future. People will need to figure out how we make money from them. But if you depend on a Chinese supplier, there is some risk they'll end up being spied on so It's part of the It's kind of like the change. We thought when people moved to the Internet, you know you have digital networks all kinds of activities. Air now possible that weren't before. That's the future of society. But the question is, Will you be dependent on China or on Western suppliers and Countries are slowly coming to the point of view that it's better to be dependent on the West. That's not going to go down easy on this one, though. The Chinese told Angela Merkel in Germany. If you ban more way we will stop buying German cars is Germany's biggest market. They can't afford that. So there's a tough fight. Thanks to James Lewis of C S s coming up. Former Vice President Joe Biden has planned for Green Energy. I talked about it with climate champion and former presidential candidate Tom Steyer. That's next. This is number.

China James Lewis United States Tom Steyer President Trump Joe Biden Vice President Bridgewater Associates Germany Bloomberg Mark Mobius New York City Wall Way Boston Eileen Murray Green Energy Simon Property Brooks Brothers chief executive officer Mobius Capital Partners
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:08 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Man Caves. And I'm Susanna Palmer In the Bloomberg News Room. New numbers on the Corona virus in New York, New York, reported 750 new cases a 2/10 of 1% increase That's in line with the previous week's average. Iris hospitalizations fell slightly to 646 The state recorded 10 deaths. Former Treasury Secretary Larry Summers says he can't remember when a recovery has been more uncertain than it is right now. Usually the economy his bottom. And you can be pretty confident. It's gonna go up for a while this time. I don't think so. Given what we're seeing in the data on unemployment insurance claims this week. And, more broadly, given the uncertainty about the course of the pandemic. Summers was interviewed on Bloomberg Wall Street Week. He predicts the biggest falloff in stimulus of Congress doesn't act strongly and quickly, And he says that the length of the relief is more important than its size. Beijing slammed to the forced entry to its used in consulate by U. S personnel on Friday evening and vowed to respond as necessary. Federal agents and local law enforcement authorities broke into the consulate, according to the Houston Chronicle and CNN this after issuing an order last Tuesday that it must close within 72 hours. Newspaper reported that among the personnel on site were some wearing shirts carrying the words. U. S Department of State. Beijing said that the U. S had broken diplomatic conventions by entering China's national property. The pandemic of 2020 is showing up as the driving force behind one of the most ferocious rallies the gold market has ever seen. At the close of trading in New York yesterday, bullion had spiralled to 19 0 Tuo to announce that some 30% higher than the low it hit back in March and just over 1% off a record high set in 2011. Mark Mobius is co founder of Mobius Capital Partners that would be buying now and continue to buy global news 24 hours a day on air and on Bloomberg Quick take powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, This is Bloomberg Way.

Larry Summers Bloomberg New York Susanna Palmer Beijing Mark Mobius Mobius Capital Partners Houston Chronicle CNN U. S Department of State China co founder Congress U. S
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:50 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"And I acknowledge it, but I don't like Lee engaging in these high evaluation, but you've got to respect the technicals. This by on dip mentality has become so deeply embedded. Does he really need need amaze a shock, too country for the weak. The S and P 500 lost 3/10 of 1%. The NASDAQ dropped 1.3%. This weak spot. Gold topped $1900 an ounce for the first time since 2011 and it edged closer to an all time high. Mark Mobius is co founder of Mobius Capital Partners, when interest rates are zero on new zero Then gold is an attractive medium tohave because you don't have to worry about not getting interest on your gold and you see the girl price. Will rise as uncertainty in the markets are arriving. Gold was last quoted at 19 0 Tuo to announce Global news 24 hours a day on air and on Bloomberg Quick take powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer, This is Bloomberg. This's Bloomberg BusinessWeek with Carol Master and Jason Kelly from Bloomberg Radio. Hello, I'm Carol Masser. And I'm Jason Kelly plenty ahead of you. In this hour of the weekend edition of Bloomberg BusinessWeek. Carol, We're going to take you around the world in some ways, or at least across a number of industries, how they're dealing with all these crises facing us. Yeah, I feel like there's a little bit of a theme in the next 60 minutes about leadership in times of crises and in keeping with that We checked in again with Joel Peterson, the former chairman of the board at JetBlue. Why, he says there's a need for more entrepreneurial leadership. That's exactly right. Also President Clayton rows of Boden College talking about canceling fall sports, but also just getting students back on campus. The implications for learning and the implications for higher education overall Carol and speaking of implications. What about racism? Jason? A voice that you are like we've got to talk to Bishop T. D. Jakes stopped by again to talk with us his perspective, so thoughtful so deep, so understanding. It's a wonderful interview, exactly and especially given where he is. He's in Texas, where the virus is raging, and they're facing so many big questions. But first the Corona virus pandemic it's infected more than 15 million people. Killed more than 610,000 people worldwide since late January. When it was first reported man seems like a long time ago. Well, Dr Susan Bailey, she is the president of the American Medical Association, newly inaugurated She joins us to talk about where we stand in the fight against cover. 19. Aside from being very hot in Texas, the corona viruses ah, very hot as well. Texas is one of the many hot spots in the country for the virus, and many of our hospital's are full. And although we are saying some little trends that we may be seeing a downward Slide in cases which I think is because of the mask mandates are governor introduced earlier in the month. Well, let's talk about that Dr Bailey as a physician, and there's someone who you and your colleagues have been tracking this so closely. I feel like some local and state and fed. Even federal leaders. Air Getting religion may be a little belatedly on the mask wearing What effect will that have? I mean, is this the sort of thing that could really as they say? Sort of arrest this and really changed the trajectory. Now that it does feel like we're all getting on board with us. Wearing a mask should not be a political statement. You know that being said leadership on symbolism is very important in society and The American Medical Association, The American Hospital Association. American Nurses Association recently released a statement that we're all in agreement. That everyone needs to take the simple steps that we know will stop the spread of the virus by wearing masks, maintaining physical distance thing and washing hands. We agree with the CDC that everybody in the country ought to be wearing a mask. I have to say any of experiences and interactions I've had, you know with the medical community certainly is, as certainly the New York Metro has started to open up and reopen up. You know, hospitals and medical centers for kind of routine procedures. You know, doctors. Everybody's in masks like theirs. It's just the way of life and they understand that that's just the way it has to be to keep everybody safe. Well, I think it's important to remember that back to business doesn't mean business as usual. I believe that we're goingto have to observe our mask wearing physical, distancing it and hand washing for the Indefinite future. We now have good scientific evidence to show that mask wearing does decrease the transmission of the virus. It protects the wearer. It protects the people better near the wearer, and some have tried to make a controversy or a conspiracy out of Changing recommendations overtime. You know, nothing could be further from the truth. In the beginning of the pandemic. We did not realise how much a symptomatic spread their wass out there and we didn't think that wearing a mask would make much difference, and we wanted to make sure that there were masks available for healthcare personnel that were really getting heavy, heavy. Exposure to the virus. Now that we know that the virus is practically everywhere we do think that mask for everyone or appropriate even the cloth mask. And encourage everybody to wear them. So Dr Bailey talked to us about. We'll talk about vaccines in a little while, but I want to talk to you about treatments because I feel like that's one of the things we've been talking a little bit more about this week. Caroline I have on this program is sort of what's out there right now to treat this disease because we know that a vaccine is months away. Best case. What are you seeing in terms of treatments that are working? Well. Unfortunately, the treatment side of the equation is still very, very sparse. Everyone has likely heard of room best severe on an anti viral medication, but that's being reserved for patients in the hospital who are extremely ill. It may work a little bit better earlier in the illness, but that's going to be limited by the amount of medication that's available. There's been some reports out of great Britain that adding a steroid. For severely ill patients can be very helpful. But other than that, the only treatment that we have really is prevention. There are number of drugs in the pipeline, monoclonal antibodies and other therapeutics that we hope will, you know? Be able to be used to treat covert 19 at earlier stages. But those are all still in the planning phase right now. And that's president the American Medical Association Susan Bailey, good to catch up with her Carol New to the job inaugurated Remotely as everyone is working from home are certainly not together. The's days and talk about a big job. Yeah, and what's interesting Jason was struck with me is how she reminded us that we now know that the virus is everywhere and that the only real treatment we have right now is prevention. So I thought that really was very telling about kind of our world just gave us another line for upcoming T shirt collection. Back to business doesn't mean business as usual, and I feel like that slogan. Applies to to so many leaders of companies trying to figure their way back through the pandemic. Former JetBlue chairman of the board, Jill Peterson has some.

Dr Susan Bailey Jason Kelly Texas Bloomberg BusinessWeek Carol American Medical Association Bloomberg Gold president JetBlue chairman Mark Mobius Carol Masser American Nurses Association Bloomberg Radio Lee Bishop T. D. Jakes Mobius Capital Partners American Hospital Association
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:59 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"Billion dollars in debt Christopher and I'm Susanna Palmer in the Bloomberg news room as we've been reporting hertz global holdings has ground to a halt Bloomberg's Denise Pellegrini reports the car rental company founded over a century ago filed for chapter eleven bankruptcy protection that's as demand dried up during the pandemic the filing in Delaware allows her to keep operating well it works on a plan to pay creditors and turn around the business herds court petition lists about twenty five point eight billion dollars in assets and twenty four point four billion dollars worth of debt at its biggest creditors include IBM and lift Denise Pellegrini Bloomberg radio economists at JPMorgan chase and company see the U. S. recovery from the corona virus pandemic going even more slowly than previously thought they have downgraded their forecasts for twenty twenty one growth and they are projecting an unemployment rate of at least ten percent through the first quarter of next year St lockdowns will translate into a forty percent annualized decline in second quarter gross domestic product and a gradual recovery in the second half of the year but they say growth through twenty twenty one will be weaker than previously thought lots of stocks in China are good investments even as trade tensions mountain virus blame continues mark Mobius is co founder of Mobius capital partners well there's no question that the tensions are rising and of course they these tensions have been going on for quite some time in the beginning with this trade war and number of other factors so that we can expect to be seeing any let up in this kind of tension what's Moby is looking at right now Chinese stocks that are not going to be impacted by the trade war that have a global footprint and have strong balance sheets stocks such as Alibaba and Tencent's global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg this is Bloomberg business week from Bloomberg radio hi Jason Kelly and I'm Carol Massar welcome to the weekend edition of Bloomberg business week this week will bring you some of the most important and informative coronavirus conversations we've had throughout the week in a daily radio show and I was thinking decent here we are we ten when we began working from home spring was just getting underway and now here we are kind of the unofficial start to summer Memorial Day weekend yet it's really fascinating to think about and that the whole notion of ten weeks of doing this to me was last week it last time rather it you did something for ten weeks either way it's something really supremely and radically different our world has changed and that is for sure right and this week involves so many conversations over what is turning out to be one of the most difficult questions of our time it's about re opening the economy do we do it too soon or too late and what will be the cost of either decision that in fact is our cover story in the magazine's double issue this week we'll have more on that a little bit later on well and we heard from some really interesting people some very familiar names folks you've heard on our air before and some new voices Klaus Zellmer he's the president CEO Porsche cars North America also Ian Schrager yeah intriguer man when it comes to hospitality and innovation in hotels really living overall this is the guy he has been at it for fifty years so we caught up with him about the impact and really what everything is gonna look like and special for big cities right what it looks like we are on we also heard from Facebook's Sheryl Sandberg author of lean in and we felt like we were leaning in to this notion of what's going to happen to small businesses that is one of the biggest questions facing the US economy first up though we spoke with Dr bill Hasil team he is the chairman and president of access health international incredibly well known in the world of medicine he has worked on some of the biggest medical questions of our time right he's now got a nonprofit but let's not forget he founded more than a dozen companies and looting human genome sciences he reminds us that testing tracing and strict isolation will be the only way we really beat the virus I see it is a small step forward and a lot of hype interesting tell us more yeah explain why well there are eight pages that they reported the data is not public we can evaluate it we don't know what actually happened and there are other reports and publish the papers by scientists around the world to for then the lease what they've done and perhaps more so that's why I say it's a little bit of news in a lot of hi and so when you look at that is this just people really the the market in particular and maybe us just as human beings looking and grabbing on to to some sliver of hope your doctor he's looking you know hope has been the handmaiden found roles for generations it's what allows us to be contact we need help but hope is also dangerous we have to be careful yeah with it I'm not saying that that vaccine will work I'm just saying it's a very slender thread to movable market well you know there isn't it yeah no no no well you know we just because we want to continue this line of thought we did the catch up our Bloomberg news team on the TV so I caught up with materna CEO Stefan von sell and talked about phase three the trial specifically that they expect a joint legislation to snippet of that interview we are finalizing the protocol for phase three which is the last he hosted the recall corolla which we are hoping to start in July I'll be here forever said he would be a similar problem in healthy subjects across many countries we are finalizing the protocol as we speak will be in the area and we're hoping that people can stop in July of middle class so phase three as we know and you certainly know doctor has a gene is an important parts you know process but it but it it reminds us that there's still a lot to be known right here there's a lot to be no no as far as we know there's been no real challenge any human being and I can say that I've been reviewing the literature backseat efforts over many years first with sars and with members and other coronaviruses this is not a simple problem there are a number of different accounts that have been made at their results that look at least as good as these results from two other laboratories and so it's it's very premature doesn't mean it's not going to work and when I say that I have any information about whether it's going to work or not all I can say is the kinds of signals they're getting are expected at this stage they don't necessarily mean that the vaccine will protect anybody or if they do protected how long they will protect it a lot of questions the remains to be done any people is that far too small study yeah I don't know whether it's even six so you know I think making a big announcement that moves the market on a first CD was steady for eight people is an extraordinary event in biomedical science it just doesn't happen the fact that this has happened puts I think we all understand why we're all desperate to see an end to this disease we have friends we have children and grandchildren were deeply worried about we're all upset about the economy and the way this is change our lives and we are hoping for now but hope is not the answer really hard data is the answer to what sorry what we need and we haven't seen that yet and that's doctor bill has a team chairman president of access health international that historical perspective but also harkening back door thing last week Carol a little bit of a reality check we caught up with him and it's important to note you know these were conversations we take throughout the week we were talking to him on a day where the market was it Buell yen over the Madera vaccine resembles very early results and I'd like to it he said because it made us I think take a much more realistic view and the week really for that out well I love it he said hope is not the answer we need real hard data ultimately that is what we need to get ahead of this virus or your listing to Bloomberg business week coming up a conversation about small business with Facebook COO Sheryl Sandberg and the survey that they have done that shows one third of small businesses have stopped operating.

Christopher Susanna Palmer hertz global holdings Bloomberg Denise Pellegrini
"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:29 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"There will not be lifeguards people not supposed to go to the beach to swim I there's not gonna be anything with group activity no sports no volleyball no gatherings this is the first time in ten weeks that all of the countries states and territories or at least partially reopened on Christopher Cruz and I'm Susanna Palmer in the Bloomberg news room as we've been reporting hertz global holdings has ground to a halt Bloomberg's Denise Pellegrini reports the car rental company founded over a century ago filed for chapter eleven bankruptcy protection that's as demand dried up during the pandemic the filing in Delaware allows her to keep operating well it works on a plan to pay creditors and turn around the business herds court petition lists about twenty five point eight billion dollars in assets and twenty four point four billion dollars worth of debt at its biggest creditors include IBM and left to be spelling greedy Bloomberg radio economists at JPMorgan chase and company see the U. S. recovery from the corona virus pandemic going even more slowly than previously thought they have downgraded their forecasts for twenty twenty one growth and they are projecting an unemployment rate of at least ten percent through the first quarter of next year St lockdowns will translate into a forty percent annualized decline in second quarter gross domestic product and a gradual recovery in the second half of the year but they say growth through twenty twenty one will be weaker than previously thought lots of stocks in China are good investments even as trade tensions mountain virus blame continues mark Mobius is co founder of Mobius capital partners well there's no question that the tensions are rising and of course state these tensions have been going on for quite some time in the beginning with this trade war and number of other factors so that we can expect to be seeing any let up in this kind of attention what's Moby is looking at right now Chinese stocks that are not going to be impacted by the trade war that have a global footprint and have strong balance sheets stocks such as Alibaba and Tencent global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg this is Bloomberg Wall Street week with David Westin from Bloomberg radio Congress has already appropriated trillions.

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"mobius capital partners" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:48 min | 1 year ago

"mobius capital partners" Discussed on Bloomberg Radio New York

"You're listening to Bloomberg best on Bloomberg radio I'm Denise Pellegrini if there's one thing that certainly keeping investors up at night right now it's the prospect of losing money or losing more money maybe I should say but the other thing that may be keeping people awake at night is the prospect of missing a buying opportunity especially in emerging markets and Bloomberg's Heidi styled Watson Taylor Riggs had a chance to ask mark Mobius he's co founder and partner of Moby S. capital partners about this and they start here by asking the well known investor how he's coping with all this what we're doing is getting rid of those stocks that we were not very excited about for one reason or another you know over the last year and the buying more what we like in other words we're not reducing holding how would not reduce adding cash but we're trying to find those bargains now we know that we may not be at the absolute bottom there's no question about that because the studies we've done indicates that the average decline over the years since nineteen eighty seven is about fifty percent nope that's normal bear market decline so when not you need that many of these countries so we have to buy very very cautiously but I think it's a good time to be picking up some of the bargains he getting rid of those things that you're not going to cut it out but the idea is not to increase cash to politically I want to get to your connection when it comes to India markets given the record selloff he's still convinced that this is a good time to add to Indian positions because those companies that have strong balance sheet you know are going to be paying dividends and let's remember that many of these companies around the world not only in India I'm not going to be home that much by what is happening now apple park testing companies are going to be increasing their business because you have less meant many more views the more listeners that sort of thing so we have to look at each company individually but are excited about it he has not diminished at all we think that it's a great time to be picking up bargains in the stock thank you generally speaking last year at the turn of the year was US forces rest of the world you take a look at this year are you positive on U. S. equities or do you really prefer the rest of the world well I'm lucky you exactly exactly global footprint and particularly those local companies that have a good footprint in emerging markets because if they have a good strong balance sheet as many of them do they'll be in a tricky conditions the pick up market share these images markets that he's out of the problem is that some of the local company to happen so I think it's a good idea to look at some of these multinationals in the U. S. are you able to give us a few name of those multinationals in the US with big footprints overseas by the way talking about Ali Baba it's probably a good idea to look at Alibaba at this stage the convenience softbank is self selling because the price you may get weaker and that it would be a good example of a company that should be coming very global in the U. S. Coast Chinese company in the Chinese market has not gone down very much but there are a number of the company's multi nationals that are in the consumer that are quite interesting says you know we should be looking at mark as you mentioned China hasn't really lost very much at all in fact we usually may be the the equity market as well as the currency almost acting as something of a haven in this part of what do you expect that kind of anchor role to continue what do you like in the Chinese market in terms of as you say companies with good fundamentals are going to be able to see out the other end of this still intact the Chinese market I think is going to continue to fill out the forms other markets because the Chinese government is taking measures to relieve prop up the industry's bandmate the company that I would say that companies that are in the technology area it might be really interesting in China right now I noticed that on the high thank god it worked exactly work and that means that these companies are you know coming back again because trying to maintain their market shares what about Southeast Asia then what sort of opportunities you saying in the Vietnam Indonesia I mean easily take your pick when it comes to valuations you have so many markets around this part of the world trading at pretty much distressed levels ride it is attempting to you at this point so do you really need more visibility as to what happens at the end of this crisis nothing I think is the way to look at it this way the problem is that we're going to have to court is no earnings or losses okay once you plug those numbers into these companies and look forward to three years when every company comes you can see that even with those losses the numbers look very attractive so that's the way we would look at it and you can find these opportunities in Asia yes Salacia good for highland you just name it some of the place and that was marked Moby S. co founder and partner at Mobius capital partners and coming up massive disruptions in the credit market what actually happened last weekend as some investors stared down into the abyss if you have a Bloomberg terminal you can see all the Bloomberg best.

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