35 Burst results for "Msci"
Joy Williams and Unique Views of America
"Scott joins us now to talk about the latest in his series of essays. The americans tony. Thanks for being here. It's great to be here this time around you write about joy williams for those who are not familiar with her work. Who is joy. Williams joy williams is an american novelist and short story writer. She's still alive. She's in her seventies. She started publishing in the nineteen seventies. Her first novel was state of grace and she had kind of a loyal cult following in a profile of for a few years ago in the new york times magazine dan choice referred to her as a writers writers writer. I was going to bring that up. Which i think is a great phrase because she has a very passionate for. If you look at paperback editions of books you see a collection of big names. Don delillo herald broad key james. Salter all crazing. Her one of the things i discovered and actually wrote about in this as as that. She's a very difficult writer to pigeonhole or to classify. And i came into this piece to doing the reading for its thinking of her one way based on the reading that i'd done some for earlier novels stories and ended up with a different idea of her. I started out thinking of her. As kind of a realist. Almost in the in the sort of raymond carver or and beatty vein very close grain finally detailed reticent realism and ended up thinking of her something almost completely different sort of a fabulous surrealist magical or which he kind of writer okay. I'm gonna ask you all kinds of questions that i think. You don't wanna be asked to try to pin her down. There's a lot in here. I want to actually go first back to that original freeze you used writers writer but actually we'll just simplify it to a writer's writer because i think that is the kind of phrase that people use that to people who are writers baby mean something but that is kind of mysterious to non writers. What do we mean when we use that phrase. I've never really understood the phrase or particularly. Oh my god. And i think what it means. Is that if you think that writers read differently from the rest of us and our maybe more attuned to certain matters of craft and technique that the rest of us rush over. Let's say you know this is a caricature but most people we read for the plot we read for the characters we read for the emotions and maybe writers are looking at something different. They're looking at the brush strokes so to speak at the sentences at the rhythm on the sentence sentence level and i'm not sure that's true but it is true that within any profession there are people you know it's true of standup comedians or actors or filmmakers that there are some who have a special kind of respect from their peers that may be disproportionate to their renown or popularity or fame or a claim out in the world joy williams has won and been nominated for all the major awards and she's very well reviewed in her books stay in print so she has certainly a loyal readership. That isn't just writers. But i think there's something special about her and i think it has to do with her resistance to classification in a way that she's she's writing sentences at stories and characters and plots that are so unusual and that seem to result from kind of total inventiveness. I feel like having read just about all of the fictional msci's published in the last few months. I could say that. I feel like there's a kind of attention to words and sentences and developments within the story and the plot that keep you on the edge of your seat and at the edge of your attention throughout there are writers where you can kind of let your mind wander a little bit and coast a little bit in the okay. I know this passage of description is going to tell me something about the house. This okay these people are having this conversation now and and you could sort of skate already. Can't do that in a joy store. You have to be paying attention every moment because the terms of the fiction what the characters are thinking and feeling how they're relating to each other what is going to happen in the language from one sentence to the next whether it's going to be sad or mysterious or funny is going to change so you just have to keep your eyes on the road at your hand on the wheel the whole time
How One Covid-19 Victim Was Lost in the Chaos
"Images and stories from the pandemic that will be seared into many people's memories forever. One of them was the discovery in April of rental trucks, holding dozens of dead bodies out a funeral home in New York City. The people found that day were victims not just of the coronavirus, but of a system overwhelmed one of them was seventy two year old nathaniel hallman. He lived in the Bronx with his wife Mitzi. They were married for forty two years. He repaired whirlpool appliances and in retirement he and his wife or a Deacon and deaconess at the Church of the Meek Baptist. Harlem they visited. visited the sick and shut ins in early April at the height of the pandemic and New York City home in was at a Rehab Center in the Bronx, where he was diagnosed with nineteen, the sent him to the hospital next door where a few weeks later he succumbed to the disease, but that's not where the story ends. It's where it begins our reporter Michael Phillips. He died on April Seventeenth, at Saint Louis Hospital and his goddaughter hope who is a very astute person. decided she would take responsibility for making sure that he was cremated and taking care of and and so his wife is widow. mitzi wouldn't have to do it. And so hope was under the impression that she had only seven days to get his body in the hands of funeral director, or the hospital would give the body to the city, and the city would bury him in a mass grave on Hart Island, which is a the Potter's field for New York City. One hundred and fifty years that the people have been left behind have been buried on on heard island. And, so she thought okay I've got a week to find somebody to take care of the body, and she started calling funeral homes, and they were all full. This was the height of the epidemic of hundreds and of New Yorkers were dying at a day on the day that that Daniel died three hundred eighty four New Yorkers died. And so the funeral homes would just overloaded. She called something like twenty funeral homes, and they all said we can't take him. Her Middle Son was even doing an internship at a Newark New Jersey funeral home and they were full to take Nathanielsz bodies. So she grew more and more panicky over the course of the week, and she contacted a family friend Reverend up in Connecticut, Marshall, Morton and Reverend Morton being in the you know the business of of being a clergyman new number of funeral home directors called up an old contact that he had named James Robinson. Mr Robinson worked out of a funeral home in Neptune City New Jersey as well as one in Brooklyn. And so he said, according to Reverend Morton I'll take care of this for you. I've got it and please. Please take the body down to my funeral home in Neptune. So the Reverend and hope son managed to find a funeral director, who would could drive the body out of New York to Neptune New Jersey Neptune city. And deliver it just before the what hope thought was the deadline at the hospital. They get the body out of there, so they took the bodies of Neptune city Mr Robinson the funeral director was not there. A person who was there said I'm sorry. I can't accept this body. They called up. Mr Robinson the funeral director. And this is where there's a lot of disagreement about what took place, but from the point of view of the family and Reverend Morton. What happened was Robinson said. I didn't mean for you to take it to. New Jersey Take my place in Brooklyn, this is something that that Mr Robinson disputes. He says he never said such a thing. The driver took the body up to Brooklyn to a funeral home called likely funeral services on UTICA avenue in Brooklyn. He dropped the body off there with the people who were there. They put it in. A refrigerated truck was parked on the street. And the family assumed everything was OK at that point. The body was supposed to be cremated on the twenty ninth so a few days later. And when hope called the the crematory to ask whether or not or godfather had been had been cremated, she got an answering. Machine were closed for maintenance the next day. She got answering machine message, but Never received confirmation he had been cremated. During this time news broke about all these bodies in Brooklyn in U. Haul trucks, and that was the same address where they had dropped off Mr Hallman. So hope began to panic and put things together. She called up the Reverend. The Reverend put things together. They all started to worry and at that point they tried to get Mr Robinson to explain where the body was. They tried to get a funeral home to explain where the body was tried to get the city. Medical Examiner explain where the body was, and they just couldn't find. It took until the fifth of May until. Finally learned that her godfather's bodied Nathaniel Hamad's body had actually been in the back of an unrefrigerated u-haul truck left on the street in Brooklyn, just a horrible horrible discovery, and it wasn't the end for Nathaniel. Family, who then spent several weeks trying to get his body and arranged for his final resting. What happened after this? There was another misstep when the bodies were discovered at the funeral home. In the U.. Haul trucks hope called the city medical examiner's office. They had come over. You know when the when the police got there and the after nine one one call reporting bodies and trucks on the street. You know hope called everybody. She could find the governor's offices. The attorneys general of the State of New Jersey and New York. You know. Where's My Godfather? And when she called the medical examiner's office, they had already collected sixty one bodies from the trucks and from clerk. Lee's funeral home itself, including many that would simply on the floor in various states of undress, and on the floor of the Chapel at the funeral homes just loaded with bodies. And so she when she called the medical examiner's office, they went through the list of all the bodies. They retrieved from the funeral home from the trucks. And Nathaniel Holman's name was not on the list, so for days and days she couldn't find out where he was. She even went over with Reverend Morton to the funeral home. Mr Clearly was not there at the time. Mr Robinson was not there at the time and she said. My father was here. Where is he and couldn't couldn't get an answer? And, what happened was and the fifth of May. That medical examiner's office discovered that the name on his paperwork had been reversed as hallman nathaniel so when they had looked up the bodies they had. When hope it call then they looked in their record, says he will what bodies we have. Do we have in home? It came up as a negative. The only had a home in faneuil. And by the fifth of May, they figured this out, and now remember he died on the seventeenth of April, so we're no weeks into this, and only then does hope discover that. In fact, her godfather had been in one of trucks and was now in the care of Medical Examiner's office. At that point, the the medical examiner said look. We have him safe. He's in. You know in cooled unit, so he's he won't decay. To be blunt about it. You can leave them here until you find a funeral director. WHO's able to cremate him? which is what the family wanted to do, so they held onto him and it wasn't until five weeks after his death. I think thirty nine days exactly after his death that they were able to get him cremated, and now his ashes are in an urn that his his widow Mitzi keeps at her bedside Michael. What else did you hear from city officials in response to this as well as from the quickly funeral home. The state authorities suspended Mr Claes. Licensed to act as a funeral director, and then held a series of hearings online hearings to decide whether to permanently revoked his license for you know poor practices, the ruling has not yet come out. They've had three hearings and the lawyers have submitted final closing statements, but the administrative law judge has not yet ruled on whether to revoke his license in listening to the at least one of those hearings, and in talking to Mr.. Claes attorney, he's basically the the argument is they were holding the bodies in the U. Haul trucks as they were moving them from the refrigerated truck which was. Recognized waited two whole bodies into the funeral home to be packaged up four cremation. And so he said we would keep them in the in the U. Haul trucks for a while and then move them. It was hard I think for the prosecuting attorney. I guess he'd be called the prosecuting attorney. Understand that because the argument is why not just move them from the refrigerated truck all the way into funeral home instead of stopping. This is just a matter of a few yards, so stopping and putting them in a truck. Mr Quickly. That's Mr Clarke's defense as well as his lawyer said to me. Look the whole city was inundated with bodies. Just wasn't enough. Space to handle the mall and so things happen. And he said that he thought it was unfair that his client Mr clinically was being singled out when so many other funeral homes were also overcrowded in his in his argument. So, that that is his defense Mister Robinson's defense. He has not been charged with any anything by the state. He has not been his has not been suspended, but in talking to him, his argument is. I never had that body. I never signed any paperwork saying that that body was under my control so everyone who says that I did agree to take control of Mr. Hammond's body is line. That is his argument. There are text messages back and forth in which he says that he would take care of the body, but he also said and give me the paperwork, so there's now a lawsuit underway Msci Hallman and hope dukes. Who is the the Goddaughter of Daniel? Hallman have filed suit against the he quickly home as well as Mr. Robinson And are seeking damages for what they describe of course as mistreatment of Nathaniel remains. Michael as you say, and as you've heard from many of the people in this story, Nathanielsz body was one of dozens discovered in rental trucks during the height of the pandemic. What did reporting out the story and what happened in this one case? Tell you about what happened here in New York at the height of this. So, what are your takeaways from this tragic story? This won't come as a surprise to anybody but. When the pandemic really hits and went really hit New York. Hardest I. At least in the United States of course. It just overwhelmed the system. The city and the people who who manage these things would just not ready for overwhelming the doctor. Was Internal Internist resident at Saint Barnabas Hospital. Who took? Mitzi up to see Nathaniel before he died is she would cry constantly into her. into a mask and goggles because there's just so much misery. All around her. And the same situation occurred with with the body's. Just the city. Wasn't prepared for the awfulness that that's that hit it. I can't judge whether they should have been more prepared. Or there was some mistake making made made at some point. That's not really within my capacity to judge. But, certainly, it was overwhelmed. And that meant that there are a lot of a lot of collateral damage and. Michi and hope, and of course Nathaniel himself were part of that collateral damage, and now I think. Between lawsuits and historians and journalists looking back at what happened. We'll start to peel that apart and figure out. Who did what who could have done things that were you know could have done things better and who who? Who did the best they could?
Episode 1 - 04:00 07-06-2020 04:00 - burst 1 - not agency
"Give you the Boost that you're looking for. In addition. We may be able to help you refinance with little or no out-of-pocket costs at Rocket mortgage. We're committed to every client time no exceptions. No excuses giving you the best choice mortgage experience. Call us today at 8338 rocket mortgage.com to learn more great subject to change a 1.75% Liter. See this is, great golfer cost information and conditions Equal Housing lender license in all 50 states and MLS birth. 30 throughout the center attacks the Ibex in Spain all of those markets up by more than 2% this morning. So some really quite strong gains coming through on some of these European Equity markets and we're picking up where she has left off for sure because the msci Asia Pacific was up by 1.7% and real strength coming through from the Chinese market and the Hong Kong market the Chinese Shanghai composite up by
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"No excuses giving you the best choice mortgage experience. Call us today at 8338 rocket mortgage.com to learn more great subject to change a 1.75% liter. See this is, great golfer cost information and conditions Equal Housing lender license in all 50 states and a telephone number. 30 throughout the center attacks the Ibex in Spain all of those markets up by more than 2% this morning. So some really quite strong gains coming through on some of these European Equity markets and we're picking up where she has left off for sure because the msci Asia Pacific was up by 1.7% and real strength coming through from the Chinese market and the Hong Kong market the
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"At Rocket mortgage. We're committed to every client time no exceptions. No excuses giving you the best choice mortgage experience. Call us today at 8338 rocket mortgage.com to learn more great subject to change a 1.75% liter. See this is, great golfer cost information and conditions Equal Housing lender license in all 50 states and a telephone number. 30 throughout the center attacks the Ibex in Spain all of those markets up by more than 2% this morning. So some really quite strong gains coming through on some of these European Equity markets and we're picking up where she has left off for sure because the msci Asia Pacific was up by 1.7% and real strength coming through from the Chinese market and the Hong Kong
Qatar makes COVID-19 app mandatory
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Stand-up, sketch and satire: The rise of Indigenous comedy
"Tim Fontaine Initiative and a member of the sagging first nation and he joins me from Toronto. Intel Hallo Tim Moon who I need so tell me. Do you still remember the first story that prompted you to start walking eagle. There was a would watch. Watch the news when I was a reporter. You're watching the news. And I was watching a story about pipelines like pipelines has been in the news for for decades and it always seemed to me that they were always going through indigenous land. No matter what it just seems like they're you know you never hear of it. Like it's going to go through brandon or something like that. It's always like our. We're GONNA go through this list. And so I had made this joke over the years that they're fighting and make a pipeline that goes through every single indigenous community in the country first nations and you admitted meaty that was probably the sort of like the Genesis of Walking Eagle News was I wrote it exactly like a new story. This joke and it was. And that's basically that's the headline is new. New proposed new pipeline will cross through every single indigenous community in the country and Yeah so that was. That was probably the first one that I wrote. It wasn't the first one that that I published but that was the one that made me think I could probably do something with these. Yeah yeah now at the top of the show you did recite some of your headlines but looking back over for the last two years even posting these esoteric articles. What's been your most popular? The most popular is the one about the the Queen US can trudeau. How how her Indians are doing? And it's one that's like a lot of them are strangely plausible like as ridiculous they sound or there's there's something in there that makes people think think that she actually say that or they actually say oh. I can't believe she said that. Even like believing that chef she said it so that one is probably the most popular one of all of the stars that Everton. It's one that's that gets shared the most still what about the most controversial story Any of the ones that do with racism. I mean there was one then. There's some that that I hate saying this. 'cause new real news as says this all the time. Sparks debate is is one about all white panel. Discusses says whether something is racist and that one gets a lot of people. Well you know whatever like people taking both sides on that one Any of the ones about racism usually. Yeah Yeah I get a lot of people sort of riled up either some topics that That you won't cover yeah. I don't do a lot of my. WG and that was one where very very early on in the site. published a story about At inquiry being called into the inquiry which maybe now might fly. I don't know but at the time There were so many families that that were struggling with what was going on. They weren't feeling like they were getting information. And then the story comes out. That's written just like a new news story and I think some of the families believed what people told me and so I just I just put it in apologize because and so. That's that's one where it's sort of. It's really tough to cover without feeling like you're making fun of the issue itself right like a lot of these stories. You'll have to trump fine line between laughing at the issue and laughing at the ridiculousness of the response to it which is usually what I do But that one. I didn't want anybody with that issue. I absolutely don't want anybody getting even the impression that we're feeling that I might be making fun of. Where do you think that line is? What were you gone too far? You've got not gone far enough. I don't know I mean there's sometimes when I published a story and I can't think of one off the top of my head right now but there's a couple of times where I've published a story and I thought I could have been stronger on this. You know what I mean like in calling out racism or in calling the ridiculousness of how the media talks about indigenous communities. There's a couple of times where I've were published it because I published them really fast. It's usually just it pops into my head. I sit down and five five minutes I have a story and publish it and I find that the longer I dwell on it the more I second guessed myself and so and that works a lot of times and then other times it it. It comes out later that I think like maybe I probably could have said something stronger about that. I don't know where the line is yet. I don't think I've crossed although it's funny like people people think satire is the same as comedy and I don't think it always is satire. Doesn't always have to be funny like it doesn't always have to make you laugh. I think sometimes it can make you groan grown and and a lot of my stars do that and a lot of my stories make you feel uncomfortable and I think that's fine as well and so You know the the gauges ages different. It's not like it's not like every single one is getting a laugh. I think a lot of them are just sort of like woo. You know so. Sometimes it's not ha ha funny. It's like ha ha. Yeah Yeah Yeah Yeah. There's a lot of that and I think that's that's that's sort of becoming my brand new headline says this is Kennedy. Which is true? I mean and that's that's there's a lot of that right like because I mean the thing about walking you'll news I've been thinking more and more about uh-huh roots and where it came from where that sense of humor came from and I think a lot of it is like sitting around with my brothers and my sisters watching the news when we were kids and parodying as it's happening right like sitting there and putting voices on the reporters or you know doing bad voiceovers or are imagining scenarios where the news would go right. I mean I remember my my old one of my brothers. He could just he could parrot a reporter like crazy and he's just as big MSCI guy he would be like you know Monte Fontaine. CBC He News Duckie. He would just do it. So perfectly but yet just exaggerated enough that it's really really funny right and so that that was always in me. Yeah I think as as the news is funny it can be very funny but it can also be you can say things with that voice. That's strangely make people listening. Yeah so For a long time indigenous issues as you know were largely ignored or misinterpreted by the media. Let alone featured in mainstream comedy Until we have this clip recently. I'm GONNA play this clip from the Baroness von Sketch show. Here's what happened when that sketch show decided to take on land acknowledgments before we begin this evening's performance. We'd like to acknowledge that this theater stands on territory of the initial Bay schone here on and Wendy first nation also mindful of broken covenants and the need to make right with all our relations. Now please enjoy the show. Sorry excuse me should we. Should we go on someone else's it lands shouldn't we should we leave only the theaters here. Now we just like to acknowledge WHO's landed in. I'm sorry I'm so confused. So if we're on someone else's land shouldn't shouldn't we do something about that or Hopefully enjoy the performance. Okay so some of the money from ticket sales of the show or going to the indigenous. No the ticket sales go to theater. So is the money from the bottled water. Sold here here going to the first nations for clean drinking water or that money goes to sleep. Sorry I'm so who's minded. What are we doing? Gosh that's a good laugh. That's a bit of the sketch from the Baroness von schedule. And Land acknowledgements all shared on our facebook page. You want to check it out but tim. How did you react when I saw that sketch I thought it was great? Thought it was like it's finally I don't know who wrote it. I mean but they did a pretty good job of sort of like cutting through the ridiculousness of of these things that we're starting to take for granted now. Are these things that we're starting to expect. Do you feel like comedy generally is starting to get it. I think to a certain extent I mean you know there's pushback against that rate now I find you. They are working. Nobody can be funny anymore. But that's all like angry white comedy. Nobody sounds to me. Oh I don't understand anything anymore. I think makes sense. It's like that's that's basically what. The world is changing comedies changing. And everything's changing people. When that happens people tend to hold on tight sometimes right in that? That's where a lot of the detention comes in but there are still people out there that are that are funny. I mean I think a tall boys on on. CBC knowing mean that doesn't rely on on anything other than other than up. You know these these funny guys and so I think Yeah you can still be funny. But I think there's there's absolutely a brand of comedy out there that that now especially indigenous comedy. That's that's also there to sort of make you think all right then. I think I'm I'm sort of in that cap because I don't I don't consider myself a comedian yet or comic yet but it's definitely definitely cousins so yeah
Tamales, a Gift from the Aztec Gods
"The word. The malia comes from the Nullah or Tom Ali which literally translates to wrap food for those that don't remember O. W. R. APD are a PT DT on the edge of its seat is rat wrapped. Yeah Wer For those that don't remember Or just a reminder now what is the indigenous language of the Aztec people of Mexico so still spoken through Mexico in some small communities So yeah wrapped food. A date cannot be pinpointed but it is said that the first Domino's were made as early as seven thousand BC. Seven thousand. And I didn't even think food existed back then which means we as humans and as a site. I've been eating them for over nine thousand years while I wonder how much the recipes changed changed since well since Chris was born. Whatever all the they are not quite what we know today? Because in early days of the Malas corn was not fully domesticated masticated at that time so instead they used They would use something called. They'll seat which is an ancestor of corn. Okay with the corn they would make a cornflour that is made into dough that the would then be filled with anything meets honey corn and somehow the more I read even Flamingo which which is a me but still. It's a weird it's weird. That is not what I expected imagining on Flamingo Hunting. That would be weird. I just went too far off. We don't get to edit this either. The my lives in the pre Christian era had religious significance. And we're using a ceremony is being offered to the Gods at various festivals while those gods must have been happy for example the Msci Asia people offer the Jaguar. God being the Ellis shrimp ones were offered to the fire. They were to Aztec holidays in which were more prominent I there was Christmas. Optimal squall literally celebrate celebrate my broad of the corn. God Did you practice out. And then the other East Kylie in which they under the fire Gods during Tamales as a gesture of rebirth cool outside of religious ceremonies. The food was favored because they were easy to transport in times of war after the brutal invasion of Spain and conversion of millions of indigenous indigenous people to Christianity Melas made their way into Christian holidays. Tamales are also became more elaborate because the Spaniards brought with them. I'm checking pork raisins. And other foods with the which incorporated into the Raisin tamales imagined cutting tamale and just like a bunch of raisins poor others fruit route ones to which I don't prefer. I prefer savory once but yeah there's fruit ones. Oh my God okay. with the Spaniard did also allow the families to make their way to other countries south of Mexico ago for a bit in the early nineteen hundreds tamales decreased in popularity in Mexico because political leaders saw the food as peasant food. Oh really interesting. Although thankfully people were much smarter than that and brought back the tradition as an agent of national unity and Mexican identity call the malaise of course eventually crossed the border north as well in Los Angeles in the eighteen hundreds at one time there were parts all over the city. That were almost got banned Imagine the Pamela AH truck on every corner music. Tamale Cart plays Many white people thought of the car's dirty port and thus saw the food the same way awhile. Yeah of course that didn't last too long and into the early nineteen. Hundreds of food became widespread throughout the United States. Making Tamales is quite laborious. boreas easy to say the least actually did know that because our friend has made some last year and he was talking about how much of a pain they were. That's how I know. Often communities are families would would gather together what is call for what is called a tomato which they would get together to help each other and making tamales in Bulk Doc This is something I can attest to you as I remember going up in New Mexico and often seeing this in being a part of it as well. I don't know how to make your family. Make Them Oh yeah. My mom always used to make him. Yeah although less can and are in any time of the year. They are quite more prevalent during the winter holidays. No one really knows why. But but some say it is a tradition that takes after the as dick traditional honoring gods but instead at Christmas honoring saints and of course Jesus perhaps it is a comfort food that just makes us warm or for people like me. It's just in our blood. No one really knows for sure. One time Thought as a ceremonial food. A Food of worship than food of the poor they can now be in in many places across the world although you can buy them in a store nothing can't compare to the the the model is that come from the kitchen of your community or family They they are food that brings everyone together whether to make them eat them or just celebrate The mileage an important staple to Mexican to Mexicans both indigenous and non-indigenous alike AAC and of course many other countries and people. It's not just the food that is amazingly good but for that is steeped in tradition and culture and definitely something. I could never get sick of so this holiday go out. Purchase the from a street vendor. And for God's sakes please remove the husk before you eat. Oh my God. I've heard that accent white people it. Well there's the POMONA incident. I don't remember which President he did that. And it's called the Great Pamela in really well that would taste awful Awful wow was that interesting at least that was super interesting. I like that whenever you'd said hike. Eat them every day. Hey Hon because I Thai food every day so I really want some time. Ali's tamales tie stuffy. Could you imagine imagine or like maybe just like a curry or some kind of sauce on them. That would be so good. I like my pretty authentic. How did you stumped like? Did you know no like hey I want to do this on. Tamales stumbled across this story. And we're like I've always known that they've come while for one. Christmas is a big time for us. So that's where I kind of started. But they als also knew they came from the Aztec peoples. I really wanted to see what the traditional that is super
White House deliberates block on all US investments in China
"Administration is considering blocking investment in China that includes possibly delisting all Chinese sauce from US exchanges. Those headlines sending stocks sharply lower today. Let's get the latest on this developing story. Even Jaber's live at the White House with the details ain't yeah Melissa that's right. I'm told that those was headlines. That crossed earlier today. Those are accurate headlines. That's what got the market's attention they are considering some measures behind the scenes here at the White House to stop US US investors being able to invest in Chinese companies in one way shape or form or another but they're they're very early on in those conversations is my understanding. There's there's no time line at this point for any fundamental decision. All of this is framed in the in the guise of investor protection. The idea here is that there's a concern that there are some Chinese companies that may be listed in the US that aren't exactly what their purported to be because of the accounting standards and other other differences between the way the two countries countries handle corporate disclosures so that is being discussed behind the scenes. It's not clear there are a lot of options not clear where they're going to land or when that decision is coming one model all for it might be the piece of legislation that Senator Marco Rubio and others are considering up on Capitol Hill they've talked about that in the past the idea there would be they would delist companies unless they conformed more stringently to American securities regulations those Chinese companies would so that's one proposal but Rubio's office told CNBC this afternoon they have not been in direct contact coordinating with the White House on the proposals at the White House is working on so that's a separate idea that it's moving on a separate track but it gives you a sense of where this might land ultimately it's still dvd though would this have to come from Congress Ayman or a vote by the the SEC or I mean how can administration force exchange to decide what their listing standards are it it. It really depends on what they decide to do right. some of those ideas like you're talking about would require. Congress to pass a law and that would mean they'd have to get the White House would have to get support from Democrats adds to do it because Democrats control the House of Representatives so in a contentious election year that might not be as doable there might be other smaller more regulatory changes that they can Hindu on their own I'm told that the mechanics of all this are still being discussed and they don't have a particular plan for how to roll it out yet because it's it's still very early on okay amen. Thank you very much aiming. Java's there's Sony ways to go but what is definitely clear is the reaction that we saw in today's markets markets. We had a lot of the Chinese. ATF's dive lower closed session lows a lot of the Chinese stock did the same a lot of sort of the trade war poster. Children stocks like semiconductors took a further leg. Laura's it. The Micron News Wasn't enough and close on the lows of the session. So where do you go with this year. It won't mean if this isn't a I don't know what this is number one however if it's an Goshi hitting tactic tick as we get into the October date whenever that is the tenth or so when the two sides to sit down. It's pretty high stakes game of poker there now. I think they've been fit rumblings about this over the years. I don't think it's ever been considered all that serious but again in negotiating tactic. I think you have to be worried but I'll say this. If you told me at eight thirty this morning that these he's headlines would come out and say guy. Where's the market and we say well given the run. We've had given the backdrop of everything yes and he's going to be down. Fifty sixty handles souls Nasdaq semi down one fifty and we're going to end the bond market is exposed the upside none of that really happened again. It speaks to either the complacency of the broader market or the strength and resiliency of it now. I say it's complacent but I can understand the bull case that it's strengthened and relative strength given the rest of the world. I I think it's probably resilience probably all those things but it's probably more resilient. It's probably not getting ahead of this and the fact that this probably could never happen. I don't think you can D- list I all of these names. I don't think it's going to happen but when you look at the end of the month the quarter would you look at where it's seven handles above negative on quarter. We bounced back dramatically from the middle of the day. That's impressive. That's true and we did bounce back right off the fifty day almost to the number number so I think there are a couple of things to think about here number one just think about the MSCI indexes for example. You know a lot of our clients a lot of clients in general they get exposure to international all stocks emerging markets via that track that index so you think about em for example you're talking about a thirty percent exposure to China and that's been systematically going up as MSCI STI has been increasing the exposure to China so that's important as far as the broad market. I think we're probably range-bound quite honestly and to your point about the market we're covering today. I think a lot of it comes down to positioning as well as sentiment I keep saying it again and again on the show and I probably sound like a broken record but the FTC positioning second week in a Arro- net short a I will bear survey flip negative so bears outweighing bull so I think it doesn't mean we can't correct doesn't mean there can't be volatility but I think that put some floor under or how bad things can get by the way Nice Haircut Very High and tight Jeff thank you can. I did it for you on right to this felt a little bit like an American companies here by will all no longer you know and so in terms of what listing standards are. Let's be clear. There's a lot of Chinese companies aren't listening here because they can't make these standards for the good news folks is I think the American aircon listening standards and the exchanges are very very high and they include accounting standards and they include transparency in corporate governance. I I think that that is really the standard and I think that is something that will win out but but we're talking about Jeff talking about emerging markets which which I would put closer to forty forty five percent China and where you can see actually from the April highs the downtrend which is now four or five sessions well off trying to break through. It's a downtrend can't breakthrough frankly with the dollar going higher. I trouble seeing this breakout. Alibaba is a name that I'm long in a name. That's done nothing for a year and a half essentially traded sideways but if you look at the upper end of the range anywhere between one eighty and one ninety this this is stock. That's been dead money. Despite the fact that you had an invest today Investor Day Jack Ma kind of move on people thought there was actually going to start to be a little more transparency a little a bit more inside an ant financial a little more insight into how they were going to run their businesses so it's not a particularly exciting time to be investing in emerging markets or mega cast regardless of this noise. I'm saying it's not right time I. I don't think even if the trade war ended tomorrow I think these stocks would get a pop. The commissary autry twenty nine stocks. Everyone goes out and the number one fifty six if you add in Hong Kong stocks to twenty nine. None of them meet the accounting extenders that the US companies do what I don't understand. What what number are you referring to fifty six of the listed Chinese stocks listed on American Exchange Okay so one hundred fifty six companies which one hundred eighty six but if you go with the Hong Kong number addy and Hong Kong and Chinese stocks it's about two twenty nine okay and the accounting standards of of the US listed companies? None of them do so some some standards. That's what this whole. Debate is about and with that equitable. We'll act that they're talking about. They get three years to comply listen. I can't speak to the standards to be a listed company I but but the concerns it should be I would think is there retaliation. Now that to me is the bigger concern again. You know we push the envelope the Chinese pushback so it gets back down onto. Is this make a deal more imminent or is this make a deal less likely I would say this makes it less likely and again. It's shocking to me and I've I've been wrong so after prep but it shocking me that even off the backdrop of everything. That's happened over the last couple of weeks. The VIX has still it's seventeen handle and we're still within a whisper birther of an all time high knee S. and P. Five hundred quickly if you want to look at one thing the Russell the WM look at where it stopped on the upside at stocked basically we topped out in March March and a number of times since one fifty and a half one fifty nine level closed lower today to me the Russel's been tell all along and if that starts to sort of roll over from here that that might actually pull down the broader market. You'RE GONNA add in the price action the exchanges today yes. You're in my head well so then you're in your kitchen. That's going should be troubling to all of us on the ice. That's a small portion of their revenues but but it's but it's a larger portion and of of course you have people shoot first and then research it later. I don't think that this is going to happen. I think that's important but this has been going on for years and it stems from the House of Representatives bibs not from the White House. The White House is actually picking up. I understand this has been going on for years but it hasn't been going on until these recently with the context of a trade war with the context of a China that is going to look for ways to retaliate to guys point and China retaliates. What can they do they can make it very difficult for US companies to expand in China on it to do more business in China to get their stuff through the supply chains in China JV's in China to actually go there and it already was so it'd be clear companies like apple and some of the technology companies for sure have figured out with the rules of engagement are and and I think I've kissed the ring so to speak and I think you know that's how the quid pro quo takes place? I do think that this is a guy you're right. I ultimately it's very difficult to see how this doesn't lead to a ratcheting up of a of a tit for tat and I think as we go into October ten. I think the market is a little bit too complacent as it relates to trade. I think I think jeff talk about where positioning not so complacent greatly. Even though I think in the last couple of weeks those a I bear spreads are things that can change pretty quickly. They're kind of like like relative strength indicators they can get pretty overbought oversold but the general positioning and equities is very underway and the one thing that continues to be strange to me and I talk about this a lot too but it's that correlation Asian between trump's approval rating and the de Escalation of trade tensions and they're actually positively correlated trump has to know that he sees those approval ratings and those approval ratings are directly tied ride to the votes. He's likely to get in the presidential election. He has to know that in the back of his mind and even with impeachment coming up maybe that pushed him to want to do a deal a little bit more to try to save some MM SORTA face there and to your point about the positioning. I think the one thing that might be under appreciated. Is that look. The economy here isn't that bad. Consumer confidence bounce a little bit today. The housing housing data is better. I'm not saying we're off to the races but again as it relates to a support and a potential catalyst for that sentiment why would China retaliate the my because because they don't want the supply chain to change any more than it's already changed with Tara so we've heard of apple trying to work around China already. Why would they give other companies more of an incentive to try to do that. I think that maybe it makes it less likely that a deal gets done but I don't see retaliatory measure that behooves China. I mean I think I think what the other thing that trump knows is that you know he's always emphasizing the spread the difference in performance between Chinese markets and US markets and how they're feeling any more pain versus the US markets etc.. This is a way of weaponising the trade war hot and saying you know what we're going after Chinese stocks. We're GONNA make it more difficult for to raise capital in the best market in the world here and that's going to hurt you. I agree one hundred percent. Which is my point is and Steve Might Happy Right. I mean why would see I think Americans we look through everything through the prism through the Lens of being American so it's hard for any of us to understand how the other side would react the act but if you take a step back and say to yourself you know who's in a better position who's in a position to can outlast the other again president. She doesn't have to run for reelection action in a year president trump does so my sense is and I've said this for a while. I think the Chinese are better suited to play the long game than we are. I think very very clearly the our markets are the deepest most sophisticated in the world. China wants to be a part of these markets and I think this hurts
"msci" Discussed on WAFS Biz 1190
"The MSCI sort of said that he should go. And and the military really is the main power in Algiers? So I think it's a very clear it was a very clear message to president that it's time for him to resign. And it also shows that level of concern that the military had with the continuation of the demonstrations that were going on. And there's a phrase in the story, which is just about beautifully. It would seem as the mental for wholesale change the pouvoir, which is the whole tier of leadership within our JIRA. They want them to go. They I think that's the thing. Right. I mean, if because gone, and they replace him with somebody else from inside is that going to be enough for j obviously it depends on who it is. And it depends what this new person will do. But I think that's really the big question right now is this real change will the system the political system and algebra change. Or are they sort of removing the figurehead and replacing him with a new figurehead? I mean, one of the problems was that the power in in the the people in charge apparently weren't really able to agree on a successive. So maybe they have now and that will dump things down. Which I find fascinating story that we've written up this morning is a but Europe's perspective of what's happening. I'm what what pregnant consciousness the most is his heavy hand on his Llamas militancy. So there's the security angle to this transition as well. Well, I mean, I think every story read about put if liquor has to mention that in the nineteen nineties Assyria was in the grip of a vicious civil war the military cancelled elections that Islamists want that led to a terrible civil ALgeria and beautifully. Co was the guy who ended it. He's at least been given credit for ending it for bringing to close and any new leadership Europe. Especially obviously, a is very close to you know, it's a hit. Country. It's a big supplier forty million people Europe will be very nervous about the return to those days. They will not want to see this. Indeed. Let's see what the new. The new successive brings in terms of policy. Thank you so much for joining me this morning about is executive editor for the Middle East Africa right here in Dubai. Let's move gender long talk about our markets. And from that perspective, we bring in reporter of the day. It is fitting Pippa Chaco, and if another gas comes and sits down and says to by buying we we could all of a chocolate, but the truth of it is Emmerson b d is literally quite literally on the tour is that the IPO that's going to happen on the transactions business or what is driving this momentum. Well, yes Rican see the IPO that's happened with network international in Linden has been a triggered this week to actually bring more investors back to this market. Yep. Yo- he's going to very well. They secured very strong demand in the first few days. And if we look at this chart in our screen right now, you can see the volume spiked and the price of the stock is back to the level where he was in mate less cheer. This is very good news for a very big stock here in Dubai. What is more interesting is? We have a lot of investors saying that there there is more room for. Stuck to continue climbing because they still have to implement the higher foreign ownership limits for foreigners. Of course, there's the doing Turkey whenever that deal is sealed and done the buying big Bank in Turkey from the Russians. This could be another trigger for more gins for whoever owns the stock right now. Maybe that could be the moment if Shane knows and his watch. That's you moment to come and come and talk to come. Tell us all with fascinated with with what you wanna do with competence, and we'll have been momentum beyond our Omagh. I mean, all market has had a moment of reprieve ETF in Turkey on inside the Arabia in New York. What is the trend looked like that? It's a very interesting moment to look at both tiffs menace. We're talking about ice shares offered by black rock both treating in New York. And we just saw that the total assets under management for the Saudi Tf has closed beyond that off the Turkish. When look at that curve was exactly the moment showing that it's a very interesting mixture of both markets right now. Of course, we had a lot of flows from the Turkish ATF last week considering all of the volatility coming from the concerns of people actually being able to trade their liras that two dollars. And there was a reflect on the stock market..
Stocks rally and havens ease after upbeat China data
"Well, China's getting a boost here today they are being included in the MSCI. The Asian equities rose overnight. Driven by a rally in Chinese markets. I talked about that was the subject of my newsletter last week the red hot China's stocks, the the red hot red China stocks well index publisher m SC announced it would quadruple the weighting of mainland shares in its global benchmarks. Let's just check in on a few of those mainland stocks here this morning Alibaba breaking out new fifty two week high getting ready to break through its resistance level. Alibaba's had a great run in Alibaba's up forty percent since mid December FX I this morning. That's the large-cap China index. It's up one point six percent. Oh what else? Can we check? Let's check tencent holdings here this morning, T C, E, H Y. You know, what it has not really participated in the Chinese rally? I have no exposure, oh, it's up considerably since late October. But that's a company that's been censored by their own government. And that makes it a little bit difficult with that kind of regulation noose around their neck. To invest in a stock like that JD dot com would be a good one to to look at here today. Man that is a great chart what a great chart on J, D dot
MSCI to quadruple index weight of stocks listed in China
"Do have some breaking news here. MSCI will increase the weight of China. Eight years MCI indices going from five to twenty percent. The index added trying to just last year it'll happen to three steps and may August and November we were just discussing this huge run and Shanghai. So far twenty nine nineteen part of this anticipation of this move by spring and Rebecca Patterson, the chief investment officer. Great to have you with this will really change the face of the index by increasing this absolutely for the emerging market index under MCI China now becomes elephant in the room. This was widely expected. So it's not a huge shock that it's happening. But as you said a few minutes ago, the passive flows into this are going to be a source of support for Chinese stocks for at least months to come maybe longer. And I think another really important point made earlier if you have the combo of a dovish fed so stable dollars, the remember can stay strong impassable inflows into China than as a foreign investor looking at China, get a decent. Remember, turn a decent stock return. It gives us legs for a little while at least you sound like you like China. Well, we we are very overweight the US but in December. We took our Europe underway down even further and use that to add a little bit to emerging markets where almost neutral on emerging markets and China is a huge component of that. And we did that in part because we thought if we got a trade deal, which I think is higher. Early likely if we had somewhat dovish fed for a piece of time than we thought there was a valuation story and a catalyst there, but how long it runs from here. I don't know. So you're more bullish EM overall. Meaning yet Haina plus other markets just being a pure play. China advocate. Correct. And again, a lot of it is value. Asian these currencies got destroyed over the last few years. And so they're going to benefit from terms of trade shock that helps their economies plus the equity valuations much more attractive when we went back to December, then Europe. So you had that. And then the trade deal in my mind was a pretty big catalyst. So we're better when you look at the fundamentals, I get it on the trading aspect, and I get it on what's in and what's out on the China trade deal. But when you look at the fundamentals of investing in China right now with with debt to GDP with the aging workforce with productivity, what do you find is? That of forget all the other noise is that a by herself.
"msci" Discussed on Ringer FC
"Notable moves MSCI best Shuai banter king is on loan to Chelsea sorry on loan from Chelsea to Crystal Palace since two thousand sixteen he has played for Chelsea Dortmund Valencia now Crystal Palace and scores wherever he goes. So I mean like, I I like this move is also for for Crystal Palace been struggling defy goals. Despite being kind of a tricky proposition for better teams. So I mean, you know, I I like it for a mid table move. Yeah. I mean, you saw him come on on the weekend, and he instantly made an impact. Yeah. Probably be. I would think a super sub, but you know, him and Ben Ben tech is back. So we might see them together. At some point the big move. The biggest move in the primarily probably. The one that got the most attention beyond Gonzalo. He got in which happened before a little bit before the deadline was Miguel. Miranda to Newcastle that Newcastle finally spent some money they broke their transfer record which was fourteen years old or something. It was the Michael Owen deal was their biggest transfer since the Elmore and move. Of course, we know him from MLS in Atlanta. United rhino Hanlin dearly. Departed said in his newsletter that Almira and has the lanky efficiency of motion that you typically see in a no nonsense holding midfielder, but he's actually an attacking midfielder who ran the show for a team that played on hyper speed field turf and love to get out and run questioned. Michael, do you think this is potentially the beginning of a new trend? I saw something that Tim Vickery wrote or actually said in an interview about how a lot of eyes will be on this move because there are a lot of South Americans young South Americans in MLS, and this could be like a new market because they. Only paid. I mean, although twenty million is a lot if he was coming from say Spain he'd probably be like forty five million, right? Sure. There's guys like Luciano a cost for DC United Argentinian around the same age. I guess twenty four twenty five teams are looking at. I think its something like wear how Jaden Sancho went from England to Germany thrived. And now all these German clubs are looking for young English talent on the books of these big English clubs like for example, the kid from arsenal. What's his name emeals Smith row? Just went to lies big on loan rice Nelson went last year. So if Omar on thrives, perhaps you might see more MLS guys being poached by merely clips of insure it was a believe in December that basically Bill Commissioner, Don Garber finally accepted that the molest needed to become a selling league in Atlanta United. I mean, like you've seen it everywhere. I mean, like the like all of the people that you've mentioned bus far mean like, Jay. Show Emile Smith row lake teams of basically signing younger players at a relative unknowns that then become known that eventually hopefully superstars did you can sell on for tens of millions of dollars so United when employed up a bunch of younger South American players, and they have proven themselves in a now moving on. So I mean like in that basically is a good way to recycle and replenish, the talent. And and then still get the injection of cash when you sell those players on. So yeah, maybe it is a tread. Maybe the Melissa's. This is a good thing. I guess is what I'm trying to say. One other MLS moved to report is Sebastian GIO Van Gogh from Toronto FC to Saudi Arabian side, Al hall. I don't know if that's a upgrade for him back to the Premier League grouchy back. Peter crouch age thirty eight is at Burnley. He also came on as a sub over the weekend. Peter crouch, indomitable irrepressible. You know, he's he is extremely seven feet tall. You know? It's great also a podcast host. And a good Twitter. Follow actually. Yeah. He has a great sense of humor. Everybody loves crouch e. Yeah, let's see Frankie Dejong to Barcelona seventy five million euros. He's gonna finish the season. I x and then joined Barcelona next year, which is football hipsters, wet dreams. See him for Barcelona. How do you feel about that? I think PS g whereas in the running city were in the running..
News in Brief 26 December 2018
"This is the Newton brief from the United Nations the United Nations peace mission in Afghanistan. Nama has condemned. The terrorist attack Monday in the nation's capital Kabul in area heavily populated by civilians. According to media reports at least forty people are said to have died and many more were injured during the suicide and Bombeck retargeted a government building. Dada. Msci Yamamoto the head of the UN mission underscored that there was no justification whatsoever for such attacks. These attacks cause untold human suffering to Afghan families. He said stressing that the UN continues to stand in solidarity with all of Khan's. He added that the organization remains committed to an Afghan led peace process that will end the ongoing war and enable the government to allocate more resources to protect all citizens from such tragedies. You in children's fund UNICEF has stepped up efforts to help families affected by the devastating soon. Army that hit the Indonesian coast around the Sunda strait between the two main islands of Java and Matra on Saturday. Unicef is providing bednets school sanitation kits which includes towel soap buckets and sanitary pads as well as technical assistance on nutrition and child protection following the disaster. According to the UN releasing orcher based on government figures, four hundred thirty people have died one thousand four hundred ninety five injured and one hundred forty nine missing as of Wednesday, an estimated twenty two thousand people have been displaced Indonesia's meteorological agency has warned that a new soon. Nami could be triggered by the Anak Krakatau volcano, Versailles Smick activities caused undersea landslides that led to the disaster. Authorities are alerting people to stay up to one kilometer away from coastal areas. The UN and humanitarian partners have offered to support the government led response and are enclosed communication with national. Authorities to fully understand the situation in the affected areas and provide whatever help is needed. Veterans Day also marks fourteen years since the deadly twenty six December Indian Ocean. So NAMI one of the worst disasters in modern history that claimed over two hundred thirty thousand lives in fourteen countries with Indonesia being the hardest hit the UN support mission in Libya. Unfamiliar has condemned used as terrorist attack on the nation's foreign ministry in Tripoli. In a statement, the mission expressed its deepest condolences to the family of the victims and wished a speedy recovery to the injured, it reaffirmed that attacks on state institutions constitutes an attack on all Libyan's, the San salami the head of UN's animal denounced, the attack underscoring that terrorism will not try them over the le'veon's decision to move forward towards building their state and announcing violence, we will not accept any attack on a state institution, especially one committed by a terrorist group. He added according to media reports the terrorist group Aycell claimed responsibility for the attack following the. Attack salami contacted the government of national accord to denounce the terrorist attack offered his condolences and call on them to announce the protection of public institutions feeble Mishra United Nations.
RECALL: Jennie-O Ground Turkey due to possible Salmonella
"And three salmonella. Not welcome at the thanksgiving table. So MSCI cook that bird to the right temp. The CDC says raw Turkey has led to salmonella infection for about one hundred sixty four people in thirty five states. One death is reported in California. Now, Jennie O Turkey is recalling ground Turkey because of Sam Manila the products under the recall or one pound packages. Of raw ground Jennie O Turkey, including the Italian and taco
"msci" Discussed on Biz Talk Radio
"Of the S and P five hundred and MSCI emerging market index and simply reversing their order. So instead of starting with January two thousand and ending in September twenty eighteen we start with the September twenty eighteen performance and end with January two thousand to show how the timing of market cycles can impact these results. Here you go the actual results. January two thousand to September twenty eighteen s and p five hundred three hundred one thousand as I said MSCI emerging markets two hundred and fifty five thousand reverse the order. Starting with September. Twenty eighteen returns all the way backwards in time to January two thousand returns, the S and P five hundred a hundred and thirty nine thousand not three hundred grand the MSCI index two hundred forty two thousand significantly better. So. The the concept here is something called mean. Reversion? And the reason that diversification works is because usually the markets revert back to their mean returns, as you know, the standard and Poor's five hundred mean return is probably just shy of ten percent. So looking back from two thousand two thousand nine the SNP dropped minus nine percent. European stocks were up twenty seven. Mid cap. Stocks are up sixty two. High yield bonds are up Eighty-three percent bonds in general or up. Eighty five percent small-cap stocks are up eighty five percent emerging markets route one hundred and sixty two percent. And wreaths were up one hundred and seventy five percent during a time where the SNP did nothing. Returns from twenty ten to twenty fifteen SNP one hundred and eight percent European thirty mid caps. One hundred sixteen high yield forty four bonds just twenty-five small-cap one hundred seventeen emerging markets minus five point one eight reits up one hundred and twenty nine percent. Total returns from nineteen ninety four the nineteen ninety nine to give you again, perspective S and P five hundred two hundred and fifty six unbelievable. European one hundred and eighty five mid-cap one hundred.
"msci" Discussed on KNST AM 790
"Go there by the coffee Cup, get a bag it liberty office Dawson three things, I think you need to know number one. Well, as of a little while ago, the senators are reading that FBI report, which according to the Wall Street Journal sources telling them there's nothing new in it. There's nothing that would ever stop cavenaugh from being. Kit. Well, you shouldn't he should be confirmed. There's nothing in the no bombshells nothing. They interviewed nine people the pain of your nine people in a sworn statement from a tenth and not a second thing. I think you need to know Mitch McConnell has done is procedural, whatever it is is that he does. And apparently there could be ready for this. There should be a vote to confirm him on Friday Saturday. There's going to be the procedural vote tomorrow, and he should be there should be a confirmation vote Saturday. And if MSCI MSCI MSCI didn't have the votes, I don't think he'd be doing this. Let's put it that way. Okay. That's what I think it loose. But you know, again, what the hell do I know third thing. Which is you know, it's a lot third thing. I think you need to know. And this is this is the giant miscalculation by the Democrats. Oh boy. A new poll show. This is NPR PBS NewsHour poll eight times fast. It shows that Republicans have closed the gap that was huge. They've closed that huge gap in voter enthusiasm with the Democrats. Eighty percent of Republicans. Now, say the November elections are quote, very important. Eighty two percent of Democrats sage very important statistical tie within the four points margin of error. Oh.
Managing Director, Brian and Facebook discussed on Bloomberg Daybreak: Asia
"We had some selling Wall Street, even though the Dow is up tech stocks got hit pretty hard testimony on Capitol Hill part of that. And we saw the NASDAQ down one point two percent. But there are some winners see trip second quarter revenue beating the highest estimates there in the shares up five point one
"msci" Discussed on ESPN Chicago 1000 - WMVP
"Go. Less I'll say like thirteen over thirteen Broke up Okay that's. All right, so three. Let's see three or four. Years ago my problem more. Than that now maybe four or five years ago My son. Eddie was, coaching in. Buffalo the Utica college right. Right he was at Niagara sorry, using he went from Utica tonight Agra. Agra full so he. He, asked Erica to go with her Yeah Oh. Okay so you know rough time, on? Right She's like I don't want to blame Two years? Ago would you come to. Bemidji state, she said yes to Minnesota The MSCI MSCI buffalo I'm calling? To land of ten thousand Yeah. I went to, college up there. I think, buffalo might, be I don't know. Man more cosmopolitan I. Dunno buffalo cheese bring their own albums They don't go? To, a game or two at Saint. Bonaventure so we fly to. Buffalo and then, you gotta go. From there, and only, in New York wall I mean if I Mason. Get stuck in Pittsburgh you can. Always drive the buffalo. It's only, three hours Not that far Niagara Falls is right there right. NBC sends a car to? The airport to drive me. To only in guy gets and what? Do you do I'm, going, to do it would you happen to know Eddie, Olczyk I call them like. Yeah I had to drive him. From buffalo to Pittsburgh Yeah yeah The times. That, app listen I'd like to go see Pittsburgh and hang out there and we'll see, the ballpark but buffalo visit. So, bit, yeah Get out there for. Steelers That's something that. Would be the, baseball. Stadium PNC looks great great September kid. Get out there in September two. Hundred showed up last night I, don't. Know I don't understand how they don't. Now get looking I know that Ownership passed ownership again. The money the aspect is you could argue all. Day long but Eighteen A team that's been playing well that you know, the the cubs are in. Town it is kind surprising just that's why these teams still cry. Poor although the idea that there's such a thing as a small market team, anymore I guess they do generate a lot of revenue with their regional sports. Networks I understand, that but the what they're splitting up now from advanced media big of what they're splitting up from the big. Pi it's, like don't I don't want to hear Kansas City and, Pittsburgh, Milwaukee, cry, poor maybe I'm crazy But jeez can they be the Yankees the cops. Are the, Red Sox probably not but you still can operate like, it's, nineteen, ninety, five it's amazing The pressure of what the Steelers. There you're For..
"msci" Discussed on Dear Hank and John
"Joke okay the news from abc wimbledon hank there's so much news from afc wimbledon we've lost all of our players we've gained entirely entirely new set of players we've played some friendly games at which these new players have had to encounter each other presumably for the first time yesterday neal ardley said that he is still trying to sign wait for it seven more players oh my goodness gracious the season starts in like a month neal ardley would like to have at least seven more signings for wimbledon this summer so that is that is from south london press and mercury which i think is a south london's leading a see wimbledon newspaper all right so introduce you to some of our new players first off we have a new goalkeeper it's a shame because i really like george long he was great but our new goalkeeper is named tom king he which lends itself to lots of puns so congratulations tom he's excited to okay i think he's on loan he is on loan from millwall we thought a lot of players on wound from mill over the years without a good relationship with millwall they've provided us with some of our best players so i'm all for it i love i'm excited about tom king we also have a new striker his name is james hansen and he is a big big lad he's thirty years old six six feet four inches tall and in the past afc wimbledon has done well when we've had huge strikers who are difficult to deal with the most famous being of course but there are lots of other examples as well so that that's exciting news we got a new midfielder whose name is mitch pin knock mitch pinnock all i know is that on twitter he calls himself msci pins really that's msci pin that sounds a lot like something you'd make i agree with you one hundred percent it does sound like something i would make up but his name is your phrase of the week msci pin fins anyway i really hope he's a lot of goals because i want to say the words msci pins all the time i don't even know if it's good news or bad news that's his name michie pins and we also signed a player on wound named tonigh watson who is a defender played for reading people are excited about him keep fingers crossed i guess i have no idea he's any good these young then he looks driven based on the one picture of him that i've seen so yeah that's the deal we've got some some new players and there was also an interesting meet the manager event at which neal ardley was asked a bunch of questions about last season and one of the things that he said is that he was upset that some kind of cliques formed and then he felt like the team wasn't on the same page and that some of the players who've been release east or moved on he felt like we're maybe part of that problem so now hopefully we'll have this sort of like unified squad who all buy into the to the plan our preseason results so far has been excellent we beat reading preseason doesn't really matter because a lot of times you know teams are starting not their best players to see who's good or who plays well together or whatever but we beat reading four two and joe pigott scored a goal or as i call them joey pigs cuisine also scored a goal i can't think of cuisine axe this get ready for this all season long it's never gonna stop every every week no matter who scores i'm going to report on the exploits of msci msci pins to matter what anyway so that's the update we've had a good preseason things seem to be going well but it's entirely new players so.
"msci" Discussed on Capital Allocators
"In on shoal credit and fixed income which is a gigantic market into global bond indices is much trickier you gotta think about custody you gotta think about can i head john show you got to think about report and of course plugging in onshore chon credit and fixing come requires further opening of the capital of account because you and i am not going to commit x billion to china's government bonds if we can't get it out it's just not gonna happen so the fixed income and credit bit is gonna take time but it's coming meanwhile the msci inclusion has started and over the past several years the ebbs and flows of china's onshore equities have say more about the rotation of the chinese liquidity bubble so this gigantic liquidity bubble inside china right tights from housing to balm's to commodities to stocks and ran around guys whatever's hot next month until the authorities side don't do that anymore so for longtime chinese equities have nothing to do with onto metals and everything to do with liquidity and speculation but what's interesting i the pass a three to six months is to observe move and to work with clients who picking johnny stocks on shore and to notice how china's equities seem to be slowly more aligned to what we in the westmont coal fundamentals so responding more to it hangs results beta calibrated with multiples now this is nato russian there's a wonderful friend of mine told me the other day that some of the best performing external fund manages he's had since the early two thousands have been on shore china's long showed equity hedge funds there's a structural shift occurring we can be skeptical as we talk about china's policy and economics in fact we should be we should be but is this something that structural that's changing i don't recall any country being included in the msa indices to be subsequently excluded but i'm afraid the facts are that whether it be passive money or active money ivan the next several years it will be increasing allocations to china's onshore equities and that's not gonna go away my no that this is going to be a powerful change for global capital markets so i need to find a way to calibrate it a need to find a way to think about this structural shift and how this probably a great opportunity for stock pickers in the mine land vakhin find some and i need to calibrate that structural change against the delivery djing the complexity of de leveraging the white china's trying to come to grips with his extraordinary stock of debt and shadow banking and toronto calibrate the tried and most of all trying to be proportionate bet an immensely complex gigantic economy about which by design westerners will never know much to let's turn to something that's been more stagnant and always seems on the cusp of chain change which is japan it seems every few years there's an anecdote there you know people still in the graveyard from shorting jj gbd's their structural reform in the corporate sector what are you seeing in japan i'm seeing a lot of opportunity because it's boring a love boring boring compared to everyone in the next booth on why by three arrows we're going to drive dolly into infinity and all that kind of stuff ride and all as people projecting that all this is the greatest macro put unity.
Argentina and Saudi Arabia to be added to MSCI emerging markets index
"This morning bmw volkswagen and porsche also trading lower emerging market stocks are about to get six hundred billion dollar booze with msci saying it'll add both saudi arabia and argentina too it's equity index of developing nations bloomberg's charlie pellett has that story it rewards both countries for their efforts to modernize stock markets in a step that could draw billions of dollars of fresh investment to the middle east's biggest borse and a latin american nation pummeled by a currency selloff the decision miam sci which has more than one point nine trillion dollars in assets benchmarked to its group of emerging markets indexes will add the two countries to it's developing nation index in about a year charlie pellett bloomberg daybreak thank you charlie the bank of england is forecast to keep rates unchanged at today's latest policy decision markets will look two minutes from the june meeting to see if the central bank could hike rates in august any language on trade tensions could also garner attention daniela russell is head of uk rate strategy at hsbc one of the things which are expected bankers alien start to acknowledge today is that softening in the global environment and also the softening that we've seen in the european data of late that decision from the bank of england comes at seven am wall street time as national bank kept interest rates at a record low today the central bank's policy statement noted that the swiss francs recent appreciation due to political turmoil in italy the says growth risks are to the downside and that its current policy of negative rates and intervention threats remain essential here in the us the federal reserve releases results on this year's first round of stress tests for major banks today we get a preview from bloomberg's vinny del.
Saudi Arabia, Argentina to be part of MSCI emerging markets index
"This is bloomberg daybreak middle east now etf striking argentinian and saudi arabians stocks climbed in late trading a new york after msci gave the two countries emerging market status they'll be added to indexes in about a year joining nations including china india turkey and brazil the decision may boost the argentine peso when trading resumes of course argentina is now in the position of getting an imf credit line and an index upgrades all in the same month let's get more with managed to get us for emerging markets justin kerrigan and middle east stocks are beautifully pay pacheco just let's come to you i often tina's inclusion is that more of a surprise given what we've heard very recently about their conversations with the with the imf more of a surprise than the inclusion of saudi i would say so yes in fact i think merrill lynch carried out a survey prior to this decision which stay found that about thirty thirty five percent of respondents felt that our gen tina would get included and i think the proportions for saudi arabia were much larger so yes this is more of a surprise and it's a piece of good news the argentina desperately needs right now and really talks to the efforts of the macrey administration in trying to turn round the argentine economy scrapping capital controls three years ago and moving towards meeting the conditions msci required for giving them back the emerging market status that is so coveted because don't forget it lost it nine years ago so it's back again in that fold just how whole father let's go to philippi philippi saudi arabians had a cracking run the moneys flowed in week after week they've been ahead of the curve in this one of the remaining challenges for the saudi market to keep that kind of momentum ongoing is it about foreign ownership what is the crux the next move that's correct as you said we've seen a lot of flows going into saudi stocks this year the index is one of the best performing in this is so far and we have a lot of expectations about this market they've done pretty much everything they needed to get this very important classification and now people are asking what's next for saudi there's when we talk to foreign investors to those that are not used to the middle east as as unethical as to as it's in the region they say for example that corporate governance is that they would like to see proven in the region that they would like to see better disclosing better communication between the companies and investors in general so maybe this would be a very good way to start for companies that are already listed in the two doe in riyadh who which are expected to be included in this emerging market indices index by now they could be better communicating and actually showing to the road what they're doing over and philip af international investors looking at saudi arabia as a result of this for the first time we'll maybe revisiting this as an investment destination where can they find which sectors will companies can they find high of transparency where can they find high a free float the things that international investors as you say have been looking for that's a very good point is what we have to remember that this market was basically completely shut to international investors in two three years ago that's when the government started to implement a series of reforms that resulted right now in this important classification when we talked to foreigners many of them mission banks for example let's a sector that's expected to benefit a lot of pickup in the economy in saudi which is not doing great by the way we know that it's it's a big country it's extremely important when it comes to to the oil industry and oil is important for the country but the economy's not doing great if we see a better outlook for oil and pika in the economy banks would be the first to benefit and that's a very big sector treated in riyadh petrochem would also be on the top of the list of most of the people that are actually starting to play the inclusion right now just let's just bring it back to you very briefly i'm looking at w c o rest the argentinian peso i mean it is a war zone of your brave fx traitor i smash dawn thirty three percent does this could this will this change any of the direction algae and flow into argentina we've got this fifty billion dollar lifeline of course from.
Fox, Uk and Rupert Murdoch discussed on The Bryan Crabtree Show
"Bloomberg press title published by wiley available wherever books and e books are sold you up to speed with some of the regional equity markets fared it wasn't mixed picture more positive than negative especially so in saudi arabia six day winning streak slightly lower volume seventy five percent of the three months average dubai blocking some gains as well up three tenths of one percent the mr malls really standing out in the trading day and then cutter up another two percents on the tailwinds off the msci reshuffling that happened not too long ago k now on the first or the latest business flash headlines go back out to yvonne mind yvonne thank you what tesla investors have backed it's besiege board defeating proposal to require an independent chairman in approving the reelection of three directors the board had a vise keeping elon musk a ceo and chairman and retain the three directors proxy advisor glass lewis and others wanted an independent chairman after claims model three targets to the board has failed to oversee mosque facebook has confirmed that data partnerships with chinese companies while away lenovo ofo and tcl while he's been fly by us intelligence as a potential national security threat social network says many other us tech companies work with chinese firms to integrate their services into smartphones stages facebook says information from its integrations with alway was not stored on paul ways servers rupert murdoch appears to have one uk approval for twentieth century fox require atv providers sky however is not yet a done deal comcast has submitted a sixteen percent higher bid for sky and authorities one fox did invest guy news if it completes a takeover further complicating matters is murdoch's plan to sell sky to disney along entertainment assets which comcast may also trying.
North Korea, San Francisco and Mike Pompeo discussed on Bloomberg Daybreak: Asia
"Later rival waymo announced it's expanding its partnership with fiat chrysler do at your bank says the economist vehicle industry could climb to more than sixty billion dollars when it goes global and it says gm shares could more than double as a result l also say gm may eventually separate the cruise unit from the rest of the company denise pellegrini bloomberg daybreak asia and it's msci day today the major operator of global indexes is adding more than two hundred chinese ashares to it's widely followed followed is starting today bloomberg's tom mackenzie says that will make a number of companies real stocks to watch you're going to see some big cap companies like quite multi media group like ping an insurance included now and essentially anyone who is tracking the msci em index is going to be forced to earn a percentage of small percentage of the acs we're looking about five percent market capitalization so making about wasting of about zero point four percent on the whole index relatively small but it's really a signal for the direction of property in terms of china's market and that's bloomberg's tom mackenzie reporting and for people like david and grace and juliette who cover the markets for bloomberg television is going to be like a couple of cats with what does that count along okay forgotten what what what's that same again it's it's like a long tailed cat in a room full of rocking chairs you're gonna be busy we wouldn't have it any other way will us secretary of state mike pompeo says the presummit talk today with north korea's kim yang chow made real progress and baxter is covering all the global news now bloomberg nine sixty san francisco newsroom ed i thought he started to call you guys a couple of cats and say we're where's where's that going on now i know you weren't mr pompeo saying he thinks they're looking for a path forward but he says there's a long way to go the issue is the nuclearization if we're able to achieve and if north koreans are prepared in fact to denuclearize this includes all elements of.
"msci" Discussed on WGN Radio
"The way speaking of baseball baseball season is underway so tomorrow we're going to have another visit from our good friend rick geezer who is the man who has you all your sports songs and we will hear a baseball themed sports songs with another episode with ricky's or live in studio to listen to that and all of a regular friday features as well so join us right now three one two nine eight one seven two hundred for baseball movies you know what actually turns out to be a great baseball movie dan what's it richard linklater's everybody wants them which you know is sort of like the spiritual kind of sequel today's and takes place in the eighties and it's college instead of high school but it's but it's also told from the point of college baseball team and there are long stretches of baseball season and obviously linkletter is a big baseball fan because in days mitch kramer's the pitcher on his literally team msci msci msci sub wind bad about a yeah so anyway so that's that's something there if even if you've not seen everybody wants them it's a really great movie a a really really great movie that is in spirit very very similar to the great dazed and confused and i loved it and so that's a great baseball movie dot here's mark on wgn i'm one of my favorite to watch it every baseball season is it happens every spring with three milan have you ever seen yeah yeah yeah many times yeah i think that's a really cute movie.
"msci" Discussed on WAFS Biz 1190
"Msci emerging markets index as well as very strong earnings momentum we see coming from interest rate hikes costcutting delivery on growth really it's also about this epa well angle and i think that's something to watch emerson be right now screens by far and away as the most attractive investment amongst the media talking here about forty five percent of the total return potential and everett's nbd i wanna say to saudi arabia where we're seeing a lot of enthusiasm and excitement you've been bullish on the banks and financials there for quite some time do you remain with that view or has it slightly shifted to a more neutral position because of the rally that's taken now nimh expansion for them in the coming on so greater name expansion greater cost control loan growth accelerating on the back of an expansionary budget all of these things we've talked about before plus oil prices could be on their way to eighty dollars in the short term it is and with the index inclusion events i think is difficult not tone them very british case put forward thank you so much for being with us about myself return.
"msci" Discussed on KBNP AM 1410
"Yes philip talk about regaining ground when it comes to use them the equity markets that is the subject of our bloomberg stocks columnist d wilson his chart of kpa what are you got dave carol we've been talking about soon international markets last year would have been all bow money moving to europe maybe moneymoving tech asia he'll if you look at the msci index which is a benchmark the tragic both of those regions it actually been regaining some ground in the first half of last year relative to the s p 500 since then there's been a reversal was one that rob slime are who's a technical and once over funds drag global advisers highlighted his latest research what he did was tracked the ratio the s p 500 relative to this msci indicator and when you run the numbers you find out that it's been up about eight percent from a low back in may and on monday it came within one percent of breaking a record set in november 2016 so in other words we saw about six months some moves toward europe and asian away from the us and in the last nine months who so that's pretty much reversed itself and the way slima figures it that kind of performance justifies focusing on the us shares you might say call it america first investi that it's paying off once again for investors relatively european and asian shares as its tended to do over combing the chart goes back all the way to 1980 when the see i gauge was created so you get some idea of the trend over that time that it's been in in general a us has gotten the better end of the deal if you wanna know more folks send me an email get you the chart the exponentially goes with it and everything i do going forward the email addresses t wilson bloomberg dot net that's d wilson bloomberg dot net much thank staples center blowback stocks columnist i want to let more about what a uschina trade war could mean when it comes to tech firms or their tap learn lenovo yeah pick your name hid away in on that and more marker kurman our technology reporter at bloomberg news in our bloomberg 960 studio in san francisco rights we talk about a trade war retook talked still a.
"msci" Discussed on Bloomberg Radio New York
"Their asian shares jumped for second date msci asiapacific down i've epa said this morning the nikkei fools 14 percent and hawkish comments on the federal reserve chair have a big marketing pies opening the door potentially to full rate hikes a twenty 18 sp 500 features the did stolt said declined also yesterday in the us treasury's back onto prussia in asian hours interns off the 10year treasury yields which two point nine zero three percent at is the three year yield though i that set has seen the real while two basis points higher and back a curve flattening basically at the as dole is the one of the rare beneficiaries the perfect on the spot index there this morning pulls back a 10th of 1 percent we saw gains yesterday had bayer ag also says that it's aiming to close its monsanto transaction by the second quarter of 2018 that's one of the big breaking news lines that we had out just in the last hour or so hailed blue bag at odds full china and japan we've had weaker than expected economic data there chinese official manufacturing gauge has for the most save five eased in february the csi three hundred one of the big decline is this morning down eighttenths of 1 percent at the moment or my gmm function global makwei move is on the parade by the yen also rose off the bank of japan reduced its purchases of alone and boldon's out of regular operation what does that mean for the markets in the past it's been take it as a signal of some kind of change that be a jay although the central bank says that this is just a regular operation the japanese e ends what price when i seven spot zero six this is is down seven tenths of warm senate boil poised for his first monthly decline in six months that's a bloomberg business flash now he sought to kill of with moments going around the world good morning caroline slovak prime minister robert fico has offered a one million euro reward for anyone who comes forward with information about the murder of an investigative journalist and could check and his.
"msci" Discussed on Bloomberg Radio New York
"Security situation is going to be managing inflation what what me what what is the top of your radar i mean you've got i suppose the securities always going to be there in the background you do have an election as well in midyear but frankly we think the risks to the upside right now i think you know you've had a period of low growth for over five is now there's a lot of pentup demand in the economy you don't wanna say there are no risk but i think they're they're definitely given valuations in the market to the upside i think you see very strong earnings growth this year and important nieto seeing developing interest from from foreign investors some of those rookie through your research in the early hours actually let's just say to overnight actually me what else would i do a nine and riyadh but in terms of your calls on kuwait that he that was really stand out barrow why is kuwait going to outclass some of its peers in 2018 gear kuwait's has been a bit of a dark host this year i think with the msci and footsie index stories so much of the focus has been on saudi arabia understandably because it's such a big market but kuwait's has made a lot of the reforms that these these index providers require over the past year we're going to see a footsie upgrade next year that should bring in around a hundred million dollars there is a technical listing of a power company should bring in maybe an extra two hundred three hundred million dollars and i think that kuwait could very well be on the watch list for mci index em index status as well so you have them an economy that's always been robust at hasn't been the most exciting in the region and you have a lot of money coming into a market that is beginning to do the right things and importantly foreign investors and even regional investors they've never really looks at it seriously before i mean if you take a look at the wider emerging markets space simon it's been it's been a crazy or for politics nes era and politics go hand in hand a political drama it was a little bit more than usual i mean it thinking on cuba in turkey and south african list goes on and on and.
"msci" Discussed on Bloomberg Radio New York
"Thick clouds drake dave both in here in vows dave wilson bloomberg stocks editor column has and blogger at mlive go on the bloomberg and it is time for dave wilson's chart of the day dave what are you looking at well look at of international stocks go going the wrong way really setting up what i would call valuation paradox look at it this way the msci all country world exu s index i know it's a mouthful boob basically timeout stocks is the vaults in emerging markets outside the us they've risen more than the s p 500 this year that msci index up seventeen percent for yesterday while the s p 500 didn't even have a ten percent gate so you'd figure that if the international stocks are rising more than here when you look at their valuations there should be less of a gap with us shares because international companies historically if you look at the senate see i index they tend to traded lower price earnings ratios so you would figure the gap would be clumsy well it's not in fact it's going in the other direction which tells you there are some pretty substantial what worries growth internationally as opposed the us but i digress the p gap priceearnings gap between the msci index and the sp 500 based on projected earnings so called an estimated p racial forward p call what you will but in fact this week it got to be the widest since at least two thousand in five according to our data and i'm not the only one talking about this it came up in a report earlier this week out of riverfront investment group chris constantino's who's there director of international portfolio management pointed to this comparison as a sign that the gains were seeing in international stocks are sustainable now you could argue he's talking is book in a sense because that's the air the market he focuses on then again i mean the numbers they do word tell you a story and the idea that you can buy stocks that have risen and a relatively fast pace this year and arts still getting cheaper relative the us shares well it does enhance.
"msci" Discussed on KBNP AM 1410
"Trey dave both in it here as they vote for red sox editor columnist and blogger at mlive go on the bloomberg and it is time for dave wilson is chart of the day dave what are you looking at well look at it sir international stocks go going their own way really setting up what i would call a valuation paradox look at it this way the msci all country world exu s index i note so now full baby basically timeout stocks is the vaults in emerging markets outside the us they arisen more than the s p 500 this year that msci index up seventeen percent through yesterday while the s p 500 didn't even have a ten percent gate so if figure that if the international stocks are rising more than you when you look at their valuations there should be less of a gap with us shares because international companies historically if you look at the savage see i index they tend to traded lower price earnings ratios so you would figure that gap would be closing well it's not in fact it's going in the other direction which tells you there some pretty substantial what worries growth internationally as opposed the us but i digress the p gap priceearnings gap between the msci index and the sp 500 based on projected earnings so called an estimated p racial forward p call what you will but in fact this week it got to be the widest since at least two thousand five according to our data and i'm not the only one talking about this came up in a report earlier this week out of riverfront investment group chris constantino's who's there director of international portfolio management pointed to this comparison as a sign that the gains we're seeing in international stocks are sustainable now you could argue he's talking is book in a sense because that's the area the market he focuses on that again i mean the numbers they do word tell you a story and the idea that you can buy stocks that have risen and a relatively fast pace this year and are still getting cheaper relative the us shares well i mean it does enhance the argument of nothing less for investing internationally if you wanna know more folks send me an email i'll get you the chart the.
"msci" Discussed on Bloomberg Radio New York
"Countries i'm killed his came back marcus thanks very much sandro we're going to turn to china next was stocks were little moved by their addition to embassy is benchmark index's the move is seen as a landmark in china's integration with a global financial system but it will initially have only a small effect on the amount of foreign money entering the country stock markets for more joined live from beijing by bloomberg sir emma o'brien emma what clinched this inclusion for msci well the index compilers mine is here with china basically boil down to crawl regulators anastate had an outside present in the market here and and that was a big problem at the end of the imo track at index heyday survey address in the following way china opened a second top trading link allowing more access entertainment or her basically harvard university doc that was considering like main who they repair hundred mostly big cap equities admitted creating pensions is a big problem here her foreign investor and the msci greeted doc who had been how her to modern day the over the past here what does this mean for the mainland market in the longer term we've seen the shanghai kompas it kind of wavering today now high by half a percent but what about the longer term i guess in the median pin it might be sentiment a bit longer hannity ceo mary i think this is a good guy and the mainland market is the world's secondbiggest though my heaven carey in an equity values but it is a very close to wanted dominated by retail investors which can tend to have heard manpower aladi and can tend to believe that the decatur than institution that other invested this will bring pension plan mutual fund in to the dog that uh being included in the index third should be enron i'm on a pretty good may and o'brien reporting that from a beijing about this move from msci thank you very much indeed.
"msci" Discussed on Bloomberg Radio New York
"Because we have spent a lot of time already on msci we'll get to that details coming shortly the s p five hundred taking a bit of a beating today pretty broadbased selling about eighty percent of the index ended up in the read part of the reason was west texas intermediate wti crude falling into a bear market donoso is forty to seventy five at one point join which heading significantly higher than that now forty 45 here in the asia pacific but you know bear market is a bear market and it sent a lot of signals right throughout the market and also transports were down technology was down in the only sectors that actually did pretty well la he had defensive like health care and utilities all right let's get to msci including china's a shares of domestic equities in its benchmark indices and the weighting slightly higher than anticipated full details coming up shortly let's take a look at the futures here in the asia pacific now we don't know whether that will affect flows into asian stocks really about it does i guess lied a little bit of a positive look at china so it brings china more into the fold of the international financial system and we do see china features actually higher although that contract is not freshly traded but if you look at some of the ones that are freshly traded look like some modest losses other tipped for the day to day in terms of the cash market new zealand down about two tenths of one percent in terms of fx trades of dalian one eleven thirty five while that's a little bit stronger yen versus the dollar bloomberg dollars spotlight at 1200 on the nose and the euro trading and a dollar eleven so that's that's how it looks at the moment let's get let's get to the flow david yup finally i do that sweet sweet yes firm mci big when of course for china's effort to globalize its financial markets that's our top story this morning with the index compiler finally including a in an emerging market index oh i thought you meant of finally that data check is done yeah all right more details lover maiming sent you msci sees adding two hundred twenty two large chinese stocks and that's more than the one hundred sixty nine previously mentioned the inclusion will likely be in two.
"msci" Discussed on The Meb Faber Show
"You're talking about japan and they have demographic issues about the us interest rates lowinterest it's is there ever a situation in which you're going to reevaluate cape as being effective is a river a paradigm shift in which you're in a loses much confidence in it like any good researcher i am open to ideas so if someone was to come to me and say hey look here's an input to your model that quantitatively could improve it or impact the advocacy of it i am told them border that you know ii totally i see i mean we've learned aboutcape in the ensuing years for example you know a lot of other people publishing jesselivermore our friends at star capital in germany publishing a lot more analytics on the vagaries of msci as universe so there is a msci cap waded as well as investible market universe which is much more expanded it doesn't matter for 99 of the country 90 of the country's but some of the smaller ones for example does make a difference now it doesn't change the conclusion but so greece for example depending on which index you look at has a cape ratio to or like minus 10 because of the earnings now that's one reason we don't just use our earnings we use four or five other longterm valuation metrics dividend yield cashflow price to book all those because any given market may have or structural oddity in australia for example because of incentives as a higher dividend nieto says things like that so we use evaluation composite sogreece still falls in the tea bucket no matter what but you learn some of these things in the incorporate them so someone's to say look we can here's how you can incorporate demography and so i know research fillets talks about a lot about this as this gmothen they have ways they incorporate into research votes paired with pimmco has put a lot of good research here buti don't have anything that is found to be particularly useful that improves upon it from khanna metric timeseries but we're open to it.