19 Burst results for "Nancy Alliance"
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"We were for a moment. And if you go to youtube .com and search Bloomberg Radio, you can watch us streaming live. Guys, let's keep showing the video. It's about the car, right? Let's keep showing the car! One of the things that I thought was a little bit disappointing for a car that blows me away in almost every aspect from a driving perspective is the boringness of the engine layout. The Lamborghini Urus, the Mercedes AMG's, the Porsche Cayenne Turbo, the Aston Martin DBX, they all have a twin turbo like four liter V8. What is? You know, why not have this a raging V12? In this sense, I think Ferrari tops everybody else, although obviously it's more expensive as well. Yeah, the V12 6 .5 liter that's in the pure same way is a special engine indeed. But the thing is, because Ferrari only makes less than 20 ,000 cars, it doesn't have to adhere to the same emission regulation that the likes of Porsche and even Lamborghini, because it's part of Volkswagen and has to. So they have the twin turbos to make them more fuel efficient. But hopefully that doesn't take away too much from the enjoyment, at least listening to the engine. I quite hate V8s the in those vehicles. You know, it sounds delicious, in fact, but we're not going to be able to say that for many more years, are we? No, we won't. I don't know how you guys, you car guys, and accept it. This is something that I asked. I was asking Michael Andretti yesterday. I've asked Lawrence Stroll, as well. The owner of Aston Martin, or at least a huge chunk it, of and he runs their F1 team, as well. What do you think, Michael? How does racing and how do luxury cars make this transition? I was test driving the BMW XM a couple of weeks ago and the sound was really disappointing. That has a V8, but it's a hybrid. Yeah, I'm probably going to disappoint you and also my colleague, Kevin Tynan, in that I've actually bought a fully electric vehicle, so I've got the BMW iX50. I've got to say, it's an awesome performance. But the one that thing is lacking is the engine noise, and it does make a difference and it will put people off. The good thing for the luxury car makers is that they've got an extended period of grace to which they can phase out their V12s, so the V12s will become V8s, the V8s will become V6s, so we'll still have an ICE, so internal combustion engine, in the luxury brands for many years to come, but they will be electrified in some way, and that's certainly going to happen with the Aston Martin TVX, it's going to happen with the Urus, it's already happened with the Ben Sega, and as you mentioned, it's on the Cayenne, so we're going to have ICE engines for many more years for the luxury car makers, I think. Alright Michael, thanks so much for indulging my partner here in discussion of all things automobiles, Michael Dean, he's the senior analyst covering the European automotives, he mentioned Kevin Tynan, he covers the US companies, they're both super duper car guys, and he mentioned the BMW iX, which again is on my list. on Is your list. Alright, Michael Dean from Bloomberg Intelligence, we've got, and we've got something in Asia that covers the Asian companies as well, so we've got the global auto business absolutely covered from Bloomberg Intelligence perspective. Right now let's go to, let's go to Nancy Alliance for World and National News, then a DC. Thanks Paul. President Biden is now in India where he be will participating in the G20 summit this weekend. White House National Security Advisor Jake Sullivan spoke on Air Force One about the issues that will likely come up. From climate, to energy security, to food security, to global macroeconomic stability, to being able to deliver public goods to people everywhere. Sullivan says President Biden will also be meeting informally with leaders on the sideline of the summit. The climate is expected to be one topic to come up. A new UN assessment on global emissions shows countries are largely failing to meet their commitments, putting the planet on course for catastrophic global warming. The report released today says governments must rapidly find a way to cut billions of tons of carbon dioxide. Food experts agree the expiration dates we find on food may be doing more harm than good. We get more from Bloomberg's Amy Morris. Cornell professor Martin Weidman tells the Wall Street Journal the dates are less about safety and more about educating stock. Often the so -called expiration dates say things like fresh until, sell by, or best buy, and perfectly good food gets thrown away. The Food Industry Association explains those dates have become less of a guide as was intended, and more of a rule. And in the UK, where there's more of an effort to crack down on food waste, those dates have been eliminated. In Washington, I'm Amy Morris, Bloomberg Radio. Top Defense Department officials are honoring those lost in the 9 -11 terrorist attacks. Deputy Defense Secretary Kathleen Hicks posted an observance ceremony today in Arlington. Hicks says she'll be forever struck by the resilience her colleagues have shown following the attack on the Pentagon. Monday will mark 22 years since the attacks that claimed the lives of 2 ,996 people. Global news 24 hours a day, powered by more than 2 ,700 journalists and analysts in over 120 countries. Hi everyone, Roker Al here. As a guy with his own catchphrase, I appreciate that Smokey's only said, Only you can prevent wildfires. But I'm filling it because there's a lot more to report. Like when there are parched or windy conditions out there, you gotta be extra careful with things like burning yard waste. After all, wildfires can start anywhere, even in your neck of the woods. Go to SmokeyBear .com to learn more about wildfire prevention. Brought to you by the U .S. Forest Service, your state forester, and the Ad Council. Bloomberg Sound On is now on YouTube. Welcome to the fastest show in politics. Every weekday starting at 1 p .m. Eastern. We bring the latest news from the White House and Capitol Hill directly to your TV, computer or mobile device. We're dispatching Kaley lines to Fed. the Just search Bloomberg Global News on YouTube. We're always waiting for something to drop around here. Bloomberg Sound On with Joe Matthews. Listen weekdays 1 to 3 p .m. Eastern on Bloomberg Radio or watch us on YouTube. To search Bloomberg Global News. They tried to play for the first line For many military veteran caregivers their caregiving journey starts earlier in life and lasts longer. Visit AARP .org slash caregiving for a free military veterans guide to navigate your caregiving journey and better care for your loved one and yourself Brought to you by AARP and the Ad Council. The business and market news of Asia. China is urging the U .S. to mend ties. It's more important than ever.
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"Now. Nancy alliance has got world in national news. Thanks, Paul, the Biden administration is condemning that attention of an American Wall Street Journal reporter in Russia for what Moscow describes as espionage. Evan gershkovich pleaded not guilty at a hearing earlier today, according to task, the State Department's Patel says other Americans in Russia are now at risk. If you're an American citizen in Russia, you should leave. And if you need assistance doing so, our embassy in Moscow is at the wedding to help. Then the Patel says, since Russia invaded Ukraine, it has escalated repression against journalists. The House subcommittee on the weaponization of the federal government is looking at censorship and whether the Biden administration directed social media companies to eliminate misinformation. John sour, the Missouri state lawyer in the case was invited in by chairman Jim Jordan. 20 White House officials were involved in these suggestions to social media platforms. Where most of those targets conservatives, the vast majority of what we see so far is conservative right leaning speech. Will you be just as outraged if it was the other way around, right? Absolutely. Because the same here. The Democrats view as voiced by representative Debbie wasserman Schultz. That is so conservative voices are more prevalent on social media. This hearing is fixated on a red herring. Republican Chris Stewart likened the administration's efforts to those of communist era secret police. In Washington of Chapman Bloomberg radio. Joint base Andrews just a few miles from The White House is on lockdown after someone reported seeing someone with an assault style rifle near base housing, the facility is home to Air Force One, the base says no shots have been fired and no one has been injured, but the base has tweeted the incident is ongoing. Major League Baseball has returned the braves beat the nationals 7 to two, the Yankees shut out the Giants 5 zip the Orioles lead the Red Sox ten to four, no scar in the score in the mets Marlins game. Global news 24 hours a day powered by more than 2700 journalists and analysts and over
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"On Bloomberg sound on, we're going to bring Nathan dean in from Bloomberg intelligence next with some specifics on the State of the Union for tomorrow. Then after we get a check on world and national news, Nancy alliance is here in the Bloomberg 99 one newsroom in Washington, hi, Nancy. Thanks, Joe. Well, President Biden as you've been talking about his coming under criticism from Republicans for his handling of that wayward Chinese spy balloon. They say the president should have shot it down sooner. It was eventually shot down when it was over the Atlantic. Bloomberg's Nick says the incident was not reported to the president until the balloon was already over the U.S.. Once it became clear that this was an unusual situation, the balloon was lingering a lot longer than past balloons had and was also hovering over some sensitive military sites, particularly those minuteman three silos in Montana. That's when it went up to the president. Bloomberg's Nick wads, White House national security adviser Jake Sullivan said today, improvements that were ordered by President Biden in the way they handled Chinese espionage actually helped identify the balloon. He says there were multiple instances of Chinese surveillance balloons over U.S. territory during the Trump administration. A controlled release of toxic chemicals is being carried out this afternoon in east palestin, Ohio, where a train derailed on Friday officials say it could take one to three hours the wreckage has been smoldering for days and there's a fear the hazardous chemicals on board could explode. Global news powered by more than 2700 journalists and analysts in over 120 countries. Bloomberg radio on demand and in your podcast feed. On the latest balance of power podcast, former defense secretary William Cohen on the U.S. decision to shoot down the Chinese balloon. I think President Biden acted what I would call presidential he wanted the thing to come down, the balloon to come down, but the military said, let's do it in a way that doesn't jeopardize our citizens. And frankly, had he ordered it down in the military against the military's advice and it came down and injured or killed some Americans on the ground. They were in the first out to criticize him for acting in an irrational irresponsible fashion. I'm curious, at least, I wonder if you know why we have balloons gathering intelligence given the fact that we have satellites. Do they do something satellites can't do that it feels a little bit 19th century to me? It is pretty low cost and low capability, except when they're flying at lower levels like that. They can linger. They can loiter. They can hang over the minute fan base facilities for hours. They may be able to get more granularity in what they're looking at. They may be trying to get communications between those who are running those facilities, what kind of alert status they're on. What are they saying to each other and trying to at least a build a profile of those individuals and have factor that into their computers going forward? Lieutenant general hurtling of the United States made an interesting interesting observation. He said it may be they have floated this in an effort to see how we would react to it. Get more of this and other conversations
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"Right now though. Nancy alliance is here in the Bloomberg 99 one newsroom in Washington, Nancy. Thanks, Jo, the criminal charges have been filed against the 5 former Memphis police officers involved in the violent arrest of Tyree Nichols. Shelby county district attorney Steve mulroy, making the announcement this afternoon. Earlier today, the grand jury returned indictments against 5 former Memphis police department officers regarding the death of Tyree Nichols. These are the same 5 officers who were previously or recently terminated by the Memphis police department. They are currently in custody. Steve mulroy says the charges include second degree murder, the body cam video of the event will be released tomorrow. Democrats are calling on the FTC to open an investigation into a rifle that's been marketed to children, Senate majority leader Chuck Schumer says the gun is called the JR 15. The last thing we need to be doing is reducing in size, these deadly weapons of war, and then marketing them to children. Senator Chuck Schumer, Democrats have also renewed a push to ban assault weapons following the recent string of mass shootings. Employees of the government contractor linked to the massive air traffic control error that grounded thousands of flights earlier this month have had their access to the FAA's computer system revoked. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. Bloomberg radio on demand and in your podcast feed. On the latest balance of power podcast, I talk with House oversight committee chair, James comer, about his investigation priorities for this year. But we're finally going to provide some oversight to this administration. Look, the Biden administration has enjoyed two years without any type of congressional oversight from the House of Representatives. And you look at that to your time period and there's been record spending. And we can make arguments and I'm sure you have gas that will argue whether or not we have inflation because of overspending because of overstimulation or whatever, but at the end of the end of the day, the facts remain that there was record there was a record amount of spending in the name of COVID and in the name of stimulus. But yet nobody in the House of Representatives has had anything type of oversight over that spending and we hear reports every day about PPP loan fraud, about unemployment insurance fraud and about stimulus fraud, but yet nobody's looked into that. So our very very cheering will be next week. And that we're just going to roll our sleeves and start trying to go back over the past two years and try to determine if there was indeed massive amounts of waste around abuse. And we're going to see if number one, we can call any of that money back. And number two, hold people accountable who made decisions that led to potential fraud with our tax dollars. You're talking about maybe misspent money, not just the fact that we were spending. We were miss spending it. Is that your number one priority? For the oversight committee, we want to get the backs of the American taxpayer. We're also going to be the committee tasked with investigations. And we have several high profile investigations that are in the news a lot. We're very concerned about some of the decisions that this administration has made that have led to an open border policy. We're very concerned about some of the decisions that were made. With our foreign
TuneInPOC
"nancy alliance" Discussed on TuneInPOC
"Now, so it's a good point, right? They've been going through changes, John. So I don't know. How do you see the outlook or the future of BlackBerry? So they are still a company in transition. And I think a lot of people would have thought at this point they would be out of the transition and growing better. And they still have to make some moves. So speaking of handsets, they had this huge portfolio of intellectual property for wireless. And they're trying to sell that right now to fund R&D to get a bunch of new products over the finish line. And we're almost there. It's one of those stories you can see it beginning to come together, but they need more funding and they need a little bit more focus. And my sense with them is I think they'll get there. It's hardly a given, but I think they're on their way. I think it was high time that they finally kind of let go of that wireless business. Even a couple of quarters ago, they were still reporting what they called service access fees. So people who had a BlackBerry would pay a fee to get access to their proprietary network for email and file transfer on that kind of stuff. And so that'll go into free up some costs. Hey John, I wonder if there's any sort of lesson in here about business cycles and companies and companies staying on top of things that we can learn from the rise and fall of BlackBerry, especially the day that after Apple hits $3 trillion in market cap. Because if we think back to 2007 when Steve Jobs stood on that stage and introduced the iPhone, there were a lot of people out there who said, there is no future for this thing. BlackBerry dominates when it comes to smartphones. You know that I think the lesson learned is particularly in the tech industry. Some of these gigantic companies can literally disappear. And or they can disappear from a given business as was the case with BlackBerry, but they really are a shadow of their former self, if you will. But LG does left the smartphone business. They were a pretty big player for many years. And so to me, I always use BlackBerry as an example of how these tech behemoths can really fall from grace and ultimately disappear over time. And I think the other lesson that I've learned this over the years as an analyst is that it's important to have the right CEO in place at the right time in a company's life cycle. And I think apple is a great example of that. I think Tim Cook came in right at a time when Apple had reinvented their product line was set, but they needed a logistics guide of really grow its where it is today. Yeah. Exactly. Kim cook, I think, was the right guy to do that. All right, John, we got to run. Thank you so much. Always appreciate your insight. John butler, senior telecom service and equipment analyst at Bloomberg intelligence. Well, it's a Washington D.C. for check the latest world in national news. Nancy alliance did you have a BlackBerry? I did not have a BlackBerry, but what? Okay. Okay. Yeah. I did not. But I know so many people who are sad to see it go. Anyway, president Biden says the omicron variant of the coronavirus is surging and he's urging those 35 million Americans to remain unvaccinated to finally get their shot. You'll experience severe illness in many cases. If you get COVID-19, if you're not vaccinated. Some will die needlessly die. Unvaccinated and taking up hospital beds and crowding emergency rooms and intensive care units. That's just placed in other people who need access to those hospitals. Biden says he knows the testing situation is frustrating. He says his administration is making improvements. He's warning that the next several weeks are going to be challenging as cases rise. He does call the new antiviral pill a game changer and says he's pushing the manufacturers to make more of those pills and quickly. The travel nightmare continues in Virginia where 50 mile stretch of interstate 95 has been closed in both directions since yesterday, Justin biehl says he's been stranded for over 17 hours. So we've been streaming Netflix eating food and just trying to pass the time by and making friends with the people that we're stuck with here on 95. It's been an adventure to say the very least. Baile says he's hoping help is on the way because he's seen elderly in others in need stranded in their cars. Airline cancellations is spilled into a second day because of that storm some 21% of flights at Baltimore Washington international thurgood Marshall airport were grounded earlier today, according to flight aware dot com. Global news, 24 hours a day, I'm Nancy Lyons. Why do hedge funds and other alternative managers rely on Pershing for a highly personalized experience? Mark el dorati a managing director at BNY Mellon's Pershing and head of prime services shares how we help you consider everything. In today's every evolving environment, the team at Pershing's prime services wants to know. What are you focused on now? Are you confident in the stability of your counterparty? Do you feel they can help you grow your business when it comes to fundraising do you have access to the mindset of the adviser or have what you need to navigate the ODD process? Exceptional service for our clients is at the core of what we do. Our award winning team is just one of the benefits of working with BNY Mellon, whether it's customized financing or securities lending solutions, BY melons Pershing is a prime burger who's committed to this business and dedicated to meeting your demands so you can focus on growing your business and producing results for your clients. To learn more about the unique and industry leading solutions for hedge funds and other alternative managers. Visit Pershing dot com. Pershing LLC, member finra NYSE sippy. I was in the middle of the Atlantic Ocean when it happened. There was a sudden jolt and our submarine crashed on the sea floor. We were in total darkness. That's doctor Dijon figueroa, a marine biologist, and stem teacher, talking about a deep sea dive she'll never forget. It's funny. When I was a kid, I was afraid of the ocean, and there I was. Two miles below the surface. But as a scientist, you prepare for that. Using our training in a little creativity, we fix the sub and finish our experiments. The dive was just too important. Every diet gives us glimpses at things few people ever get to see. Blowing creatures fiery undersea volcanos. When we got back to the surface, I kissed the ground and called my mom, of course. But you know what? I wouldn't trade that die for anything. Doctor figueroa uses her passion for stem to discover new things and make the world a better place. She can stem, so can you. Check out she can stem for more stories and inspiration. A message from the ad council. If knowledge is power, the Bloomberg terminal is your power up, connecting you to real-time financial data, market moving news, powerful analytics, and an influential network of financial decision makers around the world. Share ideas negotiate trades and gain the insight you need to make more informed decisions. See how the terminal can take your workflow to the next level at Bloomberg dot com slash professional. Makes innovation happen. It also makes entrepreneurs like Anya o'dwyer, founder of innovate, a tech driven civil engineering and construction management firm, Anya says and JIT is defining the future. Extremely important as a hub of disciplines, all in one space, with all of these brilliant minds. NGOs roll is huge when it comes to defining the
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"National news. There's a lot going on there too. Here's Nancy alliance with an update hey nets. Thanks Tim, President Biden says the climate crisis is a quote clear and present danger. Speaking at Brayton point power station in Somerset, Massachusetts today, the president said details about his most recent executive actions to address the issue will be made clear in the coming days. The health of our citizens and our communities is literally at stake. The UN's leading international climate scientists call the latest climate report, nothing less than quote code red for humanity. Biden stopped short, though, of declaring a formal state of emergency. A regional official confirms Ukrainian forces struck in seriously damaged bridge today that's key to supplying Russian troops in southern Ukraine, while in the northeast, Russian shelling killed civilians, including a 13 year old boy. Former U.S. defense secretary and CIA director Leon Panetta tells Bloomberg, the U.S. must keep the pressure on Russia and keep sanctions in place. We are in this. We have made it very clear that we're we are going to confront Russia and apply not only sanctions, but arms and reinforcement of our NATO allies as a main message to Russia that they are not going to have their way. We can not afford to back away from all those efforts. Former defense secretary Leon Panetta, Ukraine's First Lady Elena zelensky addressed Congress today and asked for more weapons to win the war. A New York judge has ordered Rudy Giuliani to appear next month before a special grand jury in Atlanta. The panel is investigating whether former president Donald Trump and others. And legally tried to interfere in the 2020 general election results in Georgia. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"Out the definitions from the national bureau of economic cruise. So that's what's kind of complicated as far as waiting for that sort of for them to make that call. And it still took them time if you think back to March 2020. I mean, for them to call it was much later into that year. Maybe actually even into the following year, once they actually defined what that was. Look at gasoline prices at the pump, unleaded $4 and 80 cents. That's high. But we peaked a few weeks ago just over $5. So maybe that's rolling a little bit and we'll see what happened here. But they always tell me to focus on the refining capacity because there's no refining capacity. That's what's keeping supplies tight and but it's not just the underlying oil story, but that's a big part of the inflation out there. Right. And there will also have the jobs report on Friday, which will have that key. That's right. Inflation component when we're looking at average hourly earnings and what's happening with labor costs. So that's another big thing, but then also tomorrow we're going to get an update on the fed minutes. And so investors will be possibly. What can we potentially see from that ball? I'm just going out to Wyoming in August with Michael. Jacksonville, I'm just going to carry his bags because that's got to be a place where they break news, but there's so much we hear from the Federal Reserve. Right. Especially after those meetings and then the following week you'll hear from so many of the presidents in the fed governors and obviously pal had his to my annual testimony recently made his indications, but so we have that fed meeting later on this month and then like you said, well, if Jackson Holmes in August and then we'll have another fed meeting in September. So still trying to figure out what exactly does that look like? And even traders right now, they're betting on potential rate cuts in the middle of 2023. So again, driven by those recessionary concerns. So when you pro tip when you go to Jackson hole, do not go up face to face with these buffalo and Elk. I mean, I see these videos all the time. And these people get trampled and they wonder why. I mean, they're wild animals. I had a source tell me, you know, we're talking about this. I was like, you know, I would kill to go to Jackson hole. That sounds like so interesting. You get to talk to all these people. And they said, you know, he said, why would you want to do that? You would just be in a hot tub with a bunch of like fed officials. And I was like, that's a good point. That's a good point. All right, Jess, great stuff. Thank you for joining us. Just met and Bloomberg's equities reporter right now. Let's head down to Washington, D.C., 99 one studio Nancy alliance has got the news for us. Nancy, what do you have? Thanks, Paul. British prime minister Boris Yeltsin's cabinet is in
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"By more than 2700 journalists and analysts in more than 120 countries I'm Nancy alliance This is Bloomberg And to the east room of The White House we go President Biden with German Chancellor Olaf Schultz One of the things that struck me was the shared values and that shape how each of us approaches leadership among them the foundational commitment to the dignity of workers And the need to treat all people with respect So I enjoyed speaking with you all and I know working together will continue to strengthen and deepen our alliance and the extensive partnership between Germany and the United States Of course at the top of our agenda today was our united approach to deterring Russia's threats against Ukraine And the long-standing principles of rule based international order That's what we spent most of our time talking about Germany and the United States together with our allies and partners are working closely together to pursue diplomatic resolutions of this situation And diplomacy is the very best way forward for all sides We both agree Including best for Russia in our view And we have made a very clear we're ready to continue talks in good faith with Russia Germany has also been a leader in pushing deescalation of tensions and encouraging dialog through the Normandy format But if Russia makes a choice to further invade Ukraine we are jointly ready and all of NATO is ready Today the Chancellor and I discussed our close cooperation and developed strong package of sanctions that are going to clearly demonstrate international resolve and impose swift and severe consequences if Russia violates Ukraine's sovereignty and its territorial integrity And I want to thank Germany and all of our other partners in Eastern Europe and the European Union for their work in this united effort We're in agreement that it can not be business as usual if Russia further invades We also discussed our shared commitment to NATO's article 5 responsibilities and reassures of our eastern Flank allies where united in that as well Already the United States is sending troops to reinforce the alliance I don't want to thank the Chancellor of Germany for hosting additional U.S. forces And for the long-standing hospitality to our women and men in uniform We're also discussed the challenges we're facing to the international order from China along with Russia and other competitors that are pursuing more illiberal futures We've agreed that Germany and the United States will continue to work together to ensure that the rules and principles governing and emerging technologies are geared to advance freedom of opportunity not repression or authoritarianism We also reaffirmed our commitment to completing the work of integrating the western Balkans into the European institutions and to finally realize a Europe that is whole free and at peace With Germany holding the presidency of the G 7 we also talked about how that form can harness the world's leading democracies to advance a robust agenda of global on global challenges from ending the pandemic to addressing climate change So the bottom line is this Whether as allies in NATO partners through the European Union as leaders of the G 7 and G 20 or through our strong bilateral relationship Germany and the United States are close friends and reliable partners and we can count on one another There is no issue of global importance where Germany and the United States are not working together strength to strength and applying an amplifying our efforts together So I want to thank you all for making the journey today And I look forward to being the first of many opportunities we can spend together beginning this meeting and throughout the rest of the year and the rest of the terms So thank you Welcome Floors yourselves Thank you very much Good afternoon from my side as well I am very grateful that we had the opportunity to talk in much detail today and that I was able to make my first official visit here and that we also could talk about the important questions that we're dealing with today we are in a very difficult situation And it is a good thing that Joe and I were able to discuss what we need to do in this difficult context There is a military threat in Ukraine Against Ukraine we can not remain silent on that We see the number of Russian troops along the Ukrainian border And that is a serious threat to European security And this is why it is important that we act together that we stand together and that we do what is necessary together It is important that all allies the U.S. and Germany The transatlantic partnership between the U.S. and Europe NATO It's the same thing speak with one voice and do things together and we made it very clear if there was a military aggression against Ukraine This will entail severe consequences that we agreed upon together severe sanctions that we have worked on together So there will be a high price for Russia This is a very clear message everybody has understood it and I think this message has been made clear again and again so that even Russia has understood the message now What is important is that we also intensively worked on preparing possible sanctions together We don't want to start once there is a military regression against Ukraine We have prepared a reaction that will help us to react swiftly if needed And we will do that at the same time it is important to use all diplomatic means we have and I'm very glad About your great willingness to move forward together especially the bilateral talks between the U.S. and Russia And of course the talks that we have agreed upon within the NATO Russia format this is also important also because Russia needs to understand that nature stands together in that.
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"Head to Washington D.C. for a checklist world in national news Nancy alliance is standing by Haynes Thanks Tim The U.S. and Russia are trying to avert another conflict in Europe but their top diplomats warn no breakthrough is imminent as fears rise Moscow is planning to invade Ukraine Bloomberg's Amy Morris has more from Washington The meeting between Secretary of State Antony Blinken and Russian foreign minister Sergei Lavrov lasted 90 minutes It's very clear and I made that clear again today to mister lab rob that any renewed agent will face massive consequences Lincoln agreed to provide written responses to Russian demands and meet again Lavrov dismissed western hysteria over Ukraine while the meeting bought some time to pursue diplomacy the situation remains so tense the U.S. may evacuate diplomats families from Ukraine non-essential staff would be able to leave voluntarily family members would be ordered to return home In Washington I may be more as Bloomberg radio President Biden is celebrating a deal meant to boost production of semiconductors as chip shortages are blamed for rising prices The president says Intel's announcement it will build a $20 billion factory in Ohio will create thousands of jobs This is a truly historic investment In America an American workers Biden says he wants to see more cities and states announcing investments in ship making We'll have an interview with Intel's CEO coming up after the bell on Bloomberg radio and television A federal judge in Texas has put a halt to President Biden's vaccine mandate for federal workers Judge Jeffrey Brown says it's not about whether individuals should be vaccinated but whether the president has the power to require millions of federal employees to undergo what he called a medical procedure as a condition of employment Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in.
Bloomberg Radio New York
"nancy alliance" Discussed on Bloomberg Radio New York
"Headaches for air travelers this morning like tracking website flight aware shows over 1300 flights within into or out of the U.S. already canceled today Martin Luther King the third and his family kicked off the holiday honoring his father with a rally against the Senate's filibuster rule the late civil rights icon son took aim at democratic senator Kristen sinema of Arizona on Saturday We believe that as it relates to getting this these bills passed that senator sinema has been one of the challenges And so it made sense to come to Arizona King said cinema's speech last week opposing changes to the filibuster means she supports voting rights but not as much as she supports the ability to take those rights away The filibuster requires 60 votes to pass most legislation in the Senate with a 50 50 split in the Senate the Democrats voting rights bill has no chance of passage unless the filibusters change to allow passage by a simple majority The COVID amaran variant wave may be peaking but it's not peaking across the country all at once Mark Mayfield fills us in Appearing on ABC's this week Surgeon General Vivek Murthy noted that not all areas of the U.S. are at the same place in their battle with the variant so peaks will be staggered over the next several weeks However he didn't out encouraging data from New York and other pockets of the northeast where the number of cases appears to be leveling off or even declining The Australian open is underway No One men seed Novak Djokovic notably won't compete after he was denied a medical exemption He remains unvaccinated against COVID-19 and was ordered deported from Australia Today marks what would have been Emmy winning actress Betty White's 100th birthday the documentary about the special occasion is airing in theaters across the country It's called Betty White a celebration and was already in the works before she passed away on New Year's Eve I'm Michael kosner There was an emotional funeral ceremony held in The Bronx Sunday for 15 of the 17 people killed earlier this month and a huge apartment building fire noram laden with more Thousands of mourners coming out in the cold to grieve with the families at the Islamic cultural center in The Bronx It's a big big glossy for the whole continent The mourners filing past 15 caskets Senator Schumer mayor Eric Adams taking part in the service The American Dream for too many burnt in that fire All of the victims died of smoke inhalation dozens more trapped in the flames are still in the hospital today It appears North Korea has gone through with yet another missile test or from TRE Thomas South Korea's joint chiefs of staff says the north fired a projectile into the ocean off the east coast of the Korean Peninsula earlier today It comes after a pair of launches last week and won the week before The Biden administration imposed new sanctions on Pyongyang the last Wednesday after a missile launch prompted the FAA to issue a brief ground stop For some West Coast flights out of an abundance of caution Former president Donald Trump is describing Florida governor Ron DeSantis is having a dull personality and unable to beat him in 2024 Mike Bauer reports Axios reports that Trump is furious with desantis because of an unwillingness so far to rule out running against Trump in two years Axios also states that Trump is irritated by desantis growing popularity and lack of gratitude A source close to the former president says Trump says desantis has no personal charisma and adult personality Trump has declined to publicly attack dissatisfied name but there was little doubt he was referring to desantis who has refused to say if he had received a coronavirus booster shot when he recently described gutless politicians who refuse to disclose their vaccine status There's no trading on Wall Street today both the stock and bond markets are closed for Martin Luther King Jr. day I'm Michael castle And I'm Anne cates from the Bloomberg newsroom The head of target predicts American consumers will drive less and consolidate their shopping into fewer trips as they adjust to more expensive gasoline and the highest rate of inflation in almost four decades Chief executive officer Brian Cornell speaking at a national retail federation event also thinks people will be more likely to eat at home and buy cheaper generic goods as prices continue to rise Consumer prices soared almost 7% last year The fastest 12 month pay since mid 1982 Walmart meanwhile as preparing to create its own cryptocurrency and collection of non fungible tokens the world's largest retailers seeking several new trademarks with a filing showing at intense to make and sell virtual goods such as electronics decor toys sporting goods and personal care products and step into the emerging metaverse Urban beekeeping may be all the buzz but a new study has uncovered some problems Bloomberg's Nancy alliance reports a new study of cities across Switzerland finds the rise in registered beehives grew from 3100 in 2012 to 9300 in 2018 But none of the cities had adequate green space to support the bees Ecologist with the Swiss federal institute for forest snow and landscape research said there were just not enough flowers and other plannings for the pollinators One solution being.
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"Senator sinema has been one of the challenges And so it made sense to come to Arizona King said cinema speech last week opposing changes to the filibuster means she supports voting rights but not as much as she supports the ability to take those rights away The filibuster requires 60 votes to pass most legislation in the Senate with a 50 50 split in the Senate the Democrats voting rights bill has no chance of passage unless the filibuster has changed to allow passage by a simple majority It appears North Korea has gone through with yet another missile test South Korea's joint chiefs of staff says the nation fired a projectile into the ocean off the coast of the Korean Peninsula earlier today It comes after a pair of launches last week and won the week before as the North Korean regime continues to step up its missile program and direct TV's dropping one America news network The satellite paint TV service announced over the weekend it's going to drop OAN when the channel's current carriage deal expires About 90% of San Diego based OEMs revenue comes from a contract with AT&T's TV platforms including DirecTV and U verse I'm Mark Mayfield And I'm Anne cates from the Bloomberg newsroom The head of target predicts American consumers will drive less and consolidate their shopping into fewer trips as they adjust to more expensive gasoline and the highest rate of inflation in almost four decades Chief executive officer Brian Cornell speaking at the national retail federation event also thinks people will be more likely to eat at home and buy cheaper generic goods as prices continue to rise Consumer prices soared almost 7% last year The fastest 12 month pace since mid 1982 Walmart meanwhile is preparing to create its own cryptocurrency and collection of non fungible tokens The world's largest retailers seeking several new trademarks with a filing showing at intends to make and sell virtual goods such as electronics decor toys sporting goods and personal care products and step into the emerging metaverse Urban beekeeping may be all the buzz but a new study has uncovered some problems Bloomberg's Nancy alliance reports a new study of cities across Switzerland finds the rise in registered beehives grew from 3100 in 2012 to 9320 18 But none of the cities had adequate green space to support the beads Ecologist with the Swiss federal institute for forest snow and landscape research said there were just not enough flowers and other plannings for the pollinators One solution being discussed is to cap the number of beekeepers and plant more nectar rich flowers In Washington Nancy lions Bloomberg radio On the economic calendar for this holiday shortened trading week updates on existing home sales housing starts and building permits and jobless claims The FTSE in London the cac in Paris and the Dax of Germany are all up about half a percent then Japan gained 1% the hang seng in Hong Kong fell 1% while China's CSI 300 rose 1% Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I mean this is Bloomberg Thanks so much for joining us for this holiday edition of Bloomberg daybreak I'm Nathan Hager the stock market is closed on this Martin Luther King holiday This hour we'll look at what's ahead for the markets in 2022 with Alicia Levine head of equities and capital market advisory at BNY Mellon wealth management plus we'll look at the highs and lows for President Biden as he enters his second year in office But first we focus on bank earnings We got the first round of quarterly results from the big 6 Wall Street firms at the end of last week Now it's on to Goldman Sachs Bank of America and Morgan Stanley So let's check in now with Bloomberg intelligence Senior analyst for global investment banks Allison Williams All right Allison we've had some time to mull over the results We've gotten so far from JPMorgan Wells Fargo and Citigroup what do they tell you about what we could see this week Well for Goldman Sachs there is one clear factor that we saw which was very strong investment banking fees And the fundamentals have been extremely strong for M and a and for IPOs we had record years in both businesses Goldman Sachs as a leader especially in the advisory business and we expect that they're going to report very strong fees On the trading side of things not as strong both JPMorgan and Citi group missed estimates there So a little bit softer but still I would say a solid result especially given the comparisons to a very strong year ago The one factor I think that is going to be in focus across all of the banks this week is the cost side of things And so JPMorgan guided to a much higher expense than consensus expected We did think that cost could come in on the higher side there is obviously a few pressures going on inflation is something that we expect to see across all companies this reporting quarter but for banks it's more than inflation It's a higher cost to compete and it's really compensation and investment spending And that's what we're going to be looking for at Goldman Morgan Stanley and Bank of America It all feeds into inflation doesn't it the rising cost of keeping talent at their desks even as we wonder whether these banks are actually going to bring people physically to their desks There's been a lot of different policies when it comes to that Talk a little bit more about the inflationary outlook that we're hearing so far from some of these banks really interesting to hear from Jamie Dimon last week talking about cost pressures basically being here to stay Yes And so certainly as you point out there is the broad inflation aspect but there is also the aspect that is brought on by the fact that we do have record revenue in some of these businesses And so the war for talent is becoming increasingly intense and that's a big driver of cost It drove up costs in 2021 It's going to drive up costs in 2022 The other factor is competitive investment So investments in technology investments in marketing et cetera and that is something that we also expect to see for the big banks They're competing not just with each other but the fact that there are all these other types of emerging competitors makes it broad based And what about loan growth Allison I know we were thinking that that was going to be a big part of the fourth quarter earnings picture You'd think Bank of America would need to outperform in that aspect of the business wouldn't they Loan growth is a key focus that Bank of America and in fact their management has been much more bullish perhaps even than some of the encouraging data that we've seen from the Federal Reserve sort of going into the reports But a key thing that we're watching and we did get some positive indication.
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"National news where Nancy alliance is standing by hey there Nas Thanks Tim The jury weighing fraud charges against former theranos CEO Elizabeth Holmes is unable to reach a unanimous verdict on three of the 11 criminal counts that she faces Jurors inform the judge today and a special note Bloomberg legal reporter malathi niac has been following the three month trial and speculates on what's next It could be that the judge will move forward and call for a mistrial on the three counts where the jury is currently struggling It's also possible that they go back and do figure out some way to reach a consensus on So we'll have to see how things pan out Melody and IX says jurors have been considering the case for 7 days Senate majority leader Chuck Schumer is issuing an ultimatum over voting rights Bloomberg's Nathan Hager has more from Washington In a letter to fellow Democrats Schumer says the Senate will vote to change its rules by January 17th the Martin Luther King holiday if Republicans continue to block voting rights legislation Schumer says last year's January 6th attack at the capitol underscores the risks to democracy if states put more restraints on the ballot box A change to the filibuster rule would require buy in from all 50 Senate Democrats moderates Joe Manchin and kyrsten sinema have voiced reluctance if not opposition to changing the filibuster In Washington I'm Nathan Hager Bloomberg radio NASA's new space telescope is doing well more than a week after liftoff following a pair of problems that were overcome by ground controllers officials said today the huge sun shield on the James Webb space telescope.
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"With Nancy lions and the Bloomberg 99 one newsroom in GCN Hey Tim President Biden is signing the bipartisan infrastructure Bill this afternoon It calls for a $1 trillion investment to fix bridges and roads as well as to expand broadband Internet access across the country Transportation secretary Pete Buttigieg tells Bloomberg it should not take long for the money to make it into the pipeline A lot of it can move very quickly because it's designed to move through a lot of programs and plumbing so to speak that we already have Formula funds for example but go out almost automatically to the states as well as grant programs that are more discretionary on the part of my office but that we already know how to do Buttigieg says the focus will not necessarily be on shovel ready projects but shovel worthy projects We may have turned a corner on global supply chain disruptions We get the latest reading on container freight rates from Bloomberg's John Tucker The world container index which tracks the composite container freight rates for 8 of the busiest east west trade routes has been in its longest weekly losing streak since March of 2018 It's also down about 11% from its all time high in September The decline suggests supply chain problems are easing at some of the busiest shipping routes John Tucker Bloomberg radio Longtime Donald Trump adviser Steve Bannon will not be detained as he awaits trial on charges of contempt of Congress Earlier today he self surrendered to the FBI on criminal charges stemming from his refusal to cooperate with the congressional investigation into the January 6th riot at the capitol He'll be arraigned on Thursday Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries I'm Nancy alliance Jodi Schwartz.
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"Out more at Bloomberg live dot com A couple of headlines will quickly forward saying the chip shortage could extend into 2023 and Starbucks to boost the pay for its early partners of two plus years as the pancreas is to go into effect next summer average hourly pay to nearly $17 from the current 14 Let's head now to Washington D.C. for a check the latest world and national news Nancy alliance is standing by Hey there Nancy Thanks Tim The White House is stepping up pressure on congressional Democrats to finalize at least the framework for a deal so President Biden's economic agenda will have something done before he leaves tomorrow for a series of meetings in Europe A proposed tax on billionaires outlined earlier today has already been eliminated from the plan according to congressman Richard Neal while a sir tax on millionaires is under consideration Congressional Democrats are urging party leaders to end the Senate filibuster and pass the John Lewis Voting Rights Act congressman Lloyd doggett of Texas says they need The White House to step in We need the president to fully engage with those senators who have been resisting making exception We have to make an exception for the future of democracy Dog it says Republicans are afraid if restrictions are not placed on voting Then they will lose The John Lewis Voting Rights Act would force states like Texas to get pre clearance for any changes made to voting Investigators say there was some complacency and how weapons were handled on a movie set where Alec Baldwin accidentally shot and killed a cinematographer and wounded the director Sheriff and Don Mendoza says ammunition rounds found on the set included a mix of blanks dummy rounds and possibly even live rounds This is active so I won't comment on how they got there but we suspect that they are there That will be up will be determined when testing is done by the crime lab in reference to whether or not they are officially live rounds or not Mendoza says criminal charges have not been filed but they.
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"And national news on this Tuesday for that. Whatever to Nancy Lyons in D, C Hey, Nance, Hey Carol and August 31st US withdrawal deadline is looming large in Afghanistan, with the Taliban spokesman saying the group will not accept an extension and President Biden, reportedly deciding to stick with the deadline will be hearing from President Biden soon. The Pentagon. John Kirby says several 1000 Americans have been evacuated so far, and they're working to remove as many as they can by the end of the month. We're trying to get as many out as we can. And so if we can exceed What What our previous expectations were, and we have over the last couple of days. That's a good thing and we're going to continue to drive at that, Kirby says. Nearly 22,000 Americans and allies were evacuated in the past 24 hours, some on US military flights, others on coalition flights. Well, there's more Afghan refugees are being brought to the U. S. Federal agencies are rushing to complete their security vetting as we hear from Bloomberg's Amy Morris. The chaos of the evacuation effort means thousands of people were put on those planes before their background vetting was complete. U. S agencies, including intelligence, law enforcement and counterterrorism professionals are all conducting security screenings. While flights are in the air. The State Department says it is surging its resources to ensure nobody is allowed into the US before clearing a security check. Officials would not say how many if any Afghans have been flagged so far. In Washington. I'm Amy Morris. Bloomberg Radio. Rolling Stones drummer Charlie Watts has died at the age of 80, his publicist says. Watts passed away peacefully in a London hospital earlier today. Surrounded by his family. Global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Nancy Lyons. Now back to you, Carol. All right, Nancy. Appreciate that. Nancy Alliance in D C. Now back to our New York bureau and a check on the well, the business will do that with Charlie. Thank you very much. Carol. Master, We're looking at records right now on the S and P right to the numbers will give you the Why. In a moment here with the S and P up 11 higher by about 3/10 of 1%. You're today the S and P up now by 19.5%. We've got the Dow up. 15 up 3/10 as stack up 69 again there of 5/10 of 1% 10 Years down, 10 30 seconds 10 year Yield right now, 1.28% Gold flat on the day unchanged. 18 Oh, five. The ants West Texas intermediate crude up 3% 67 62 on wt energy Consumer discretionary material stocks were among the best performers as investors also weighed. Insights from Fed Chair J. Powell's address from Jackson Hole this week. Equities at record strong corporate earnings and a rally in commodity prices outweighs lingering concerns about the threat of covid 19 to the global economy. Right now. After earnings Best buy shares are up by 9.9%. As for shares of Cathy Wood's arc Innovation ETF up today by 1%. We'll be talking with word at about 4 10 today. Wall Street time. Obvious topics include China, Tesla and her strategy again. Carol Master doing that interview. Just about 4 10 Wall Street time. I'm Charlie Palette that Carol is a Bloomberg business Flash. Thank you so much, Charlie Pellet for that shout out. You are listening to Bloomberg Business Week. We are going to talk with Cathy Wood, and we'll talk to her about her thoughts on Chinese stocks sits on a day when we're hearing from Gary Gensler of the SEC chair our own. Teams sitting down with him in an exclusive interview or Ben pain, and we'll hear about his thoughts and some of the moves to really provide more transparency. When it comes to Chinese listed companies here in the United States, that's going to come a little bit later on. In the meantime, a lot on our plate when it comes to those background stories, Afghanistan we are expecting to hear from President Biden with an update. We will take you there to the White House. When that comes out. In the meantime, we continue to He reminded by many headlines that were still in health crisis, a health pandemic and among the headlines that were really watching out for and monitoring today as we had Israel lowering the minimum age for boosters to 30 from 40 German Chancellor Angela Merkel coming out, saying measures currently in place to curb the virus remains sufficient even as infection numbers tied to the spread of the delta buried her on the rise. And the number of UK workers going to the office that's increasing. We're tracking that really closely and then traffic on China's typically busy streets that has shown some signs of recovery after the country quashed a resurgence. Covid cases. And there's also a study out, saying India may face an unprecedented 600,000 new infections a day if the nation fails to boost the pace of shots, So that's some of the key headlines. I also want to point out that Dr Anthony Fauci, of course, one of the voices that we've turned to, increasingly, of course, Over the course of the pandemic is White House Covid advisor Dr Anthony Fauci. He had some comments on MSNBC earlier today on what a third vaccine may mean. Listen up. So we may not have to get a variant, specific boost. We're preparing for it. We're doing clinical trials with it. But the data that we've seen right now indicate That we may be able to get a good response that covers the boosts by the original vax that covers the variance. Excuse me by the by the original vaccine that we got. I believe it's entirely conceivable. That this third dose superimposed upon the two doses of modern and Pfizer very well may allow for a rather prolonged period of protection. And that, of course, is Dr Anthony Fauci, White House Covid adviser, speaking earlier on MSNBC. And what's interesting is there have been many from the medical community thinking that we might need to get a covid booster shot every year. Just like many of us get a flu shot said that comment from Dr Fauci. That observation could maybe change things going forward All of this happening when we've got cases topping 212.7.
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"Suffering emotional trauma, she said the day she did it. A reporter told her before the U. S track and field trials that her mom had passed away. The latest fast and furious movie is on track to speed past the $500 million mark today worldwide that would make it the first Hollywood movie to do so during the pandemic. F nine already made $24 million over the holiday weekend racing to the top of the box office again, But that number is expected to jump to nearly 33 million. The boss baby to came in second, followed by the Forever purge. The feds are investigating the latest ransomware attack that hit more than 1000 companies worldwide. Hackers targeted software Tonight firm based in Florida, used by 36,000 customers. They reportedly posted a blog last night demanding $70 million in Bitcoin. That's in exchange for a universal decryption tool. The FBI says it may not be able to respond to each victim. Due to the scale of the attack and what a holiday to remember for country music singer Blake Shelton and pop star Gwen Stefani. They got married Saturday night in a chapel Shelton built on his massive ranch in Oklahoma. I'm Brad Siegel. And I'm an Cates from the Bloomberg newsroom. China is widening its new crackdown on tech companies beyond DD more from Bloomberg, Sydney's Pellegrini Did. He, of course, is huge. And Beijing's crackdown on the rideshare giant alone could be seen as a blow for investors. And now on top of that, regulators in Beijing are going after two companies that recently listed here in New York full truck Alliance and cash in limited and the move against India and its peers does add a new dimension to China's crackdown anyway, after it went after Jack Ma's IPO of Ant group in November. It is two biggest shareholders are Softbank and Uber and the state back Global Times in China, says Dede stated trove poses a threat to individual privacy and China's national security. Denise Pellegrini Bloomberg Radio. If you ordered to go from Panda Express, you may be receiving more than just a plate of food. Bloomberg's Nancy Alliance reports class action lawsuit that's just been filed accuses Panda Express of imposing hidden delivery. The chain promised customers low price delivery and its mobile app and on its website, usually amounting to $2.95, But the lawsuit alleges the chain imposes an additional hidden 10% charge on delivery food orders. What it calls a service charge, the suit says. By obscuring the costs, it deceives customers and the company gains an unfair advantage over competitors in Washington, Nancy Lyons Bloomberg radio. Now there's insurance to protect against cyberbullying, identity theft and other threats. But according to The Wall Street Journal, three quarters of American consumers say they are either unwilling or not sure whether to pay for cyber risk insurance. Overseas trading the footsie in London, the CAC in Paris and the tax in Germany are all flat. The Nikkei and Japan and the Hang sang in Hong Kong both fell half a percent. China's C S. I 300 inched higher Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Dan Cates. This is Bloomberg. This.
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"Of the pandemic in the next several months. What happened to two months ago when you were talking declared of Li about? I'm going to shut down the virus. I'm gonna shut down the virus, but not I never said I'd do it in two months. I said it took a long time to get here. Gonna take a long time to beat it. And so we have millions of people out there who are who have the virus. We're just for the first day. I think, correct me if I'm wrong. I've been doing other things this morning, speaking with foreign leaders One of the things I think this is one of the first days that the numbers actually come down the number of deaths and the number on a daily basis and the number of hospitalization, etcetera. It's going to take time. It's going to take a heck of a lot of time, and we still have, as Dr Fauci constantly points out. It's one thing when we have mass How can I say politely mask disregard of the warnings about not wearing mask and wearing mask and social distance seed and failure to social distance and people getting together and Holidays in ways that weren't recommended, etcetera. We see. First thing that happens is we see The number of infections go up. Then you see the hospitalizations go up. Then you see the desk go up. And so were it is for a while, we were what we now have 410,000 deaths. And there's going to be more the prediction. As I said, from the very beginning to get in here as after being sworn in Was. The prediction is where we're going to see somewhere between a total of 1,260,000. Death before we began to turn the corner in a major way. So and again remember the vaccine. Most of the people taking the vaccine, a vast, significant number require two shots and their average of three weeks apart. And it takes time for it to be sure that your you get to that 95%. Assurance rate. So it's beginning to move. But I'm confident we will beat this. We will beat this, but we're still going to be talking about this in the summer. We're still going to be dealing with this issue. In the early fall. And last point I'll make and I know you're tired of hearing me saying, particularly You may be tired of me saying And that is that If we wear masks. Between now and the end of April. The experts tell us we can save 50,000 lives 50,000 people otherwise would die. Thank you so very much. Alright. That's of course, President Biden at the White House talking about and signing another executive order. Really The premise there was all about manufacturing and by America and buying made in America, and he's announced the director of such a department, But when he opened up to pressed him, he got a lot of questions. On understandably so about the relief proposal and aid package that he is hoping to get through Congress and also just talking about dealing with covert and getting the vaccine out. Second last question from our very own Josh Wingrove, who asked when Will anybody be able to get a vaccine? Who wants a vaccine and the president confident that he thinks he'll be able to get that point by this spring and confident that by this summer will be well in our waiter, he herd immunity and upping that goal of one million vaccines administered per day. Up to 1.5 million within the 1st 100 days, because as you have been talking about for a few days, Carol were already there pretty much when it comes to seven day average of more than a million vaccines administered per day, Exactly right. And as you said, looking to, maybe even up into 1.5 million people being vaccinated every day at the same time, we continue to see those headlines of people saying Wait, We've got the people we've got. The place is It was the things just give us some vaccines. Basically, you're gonna head home. Thank you so much. I'll see you tomorrow. Yeah, a lot going on already. And it's just Monday. Tim Stankovic. Of course. Here in our interactive brokers studio. Let's get another check on world the national news. I know Nancy Alliance in our D C studio.
Bloomberg Daybreak: Asia
What does California's new privacy law actually do?
"A new California law allowing consumers to prevent tech companies from selling their data a potential model for other states to follow is being opposed by well some tech companies as we hear from Bloomberg's Nancy alliance so willing Facebook are among the companies seeking exemptions from the new privacy law that offers new powers to consumers the right to access your data rated to reach your data and the right to opt out of the sale of your personal information Bloomberg laws stand Stiller says the companies want to be considered service providers which would exempt them from a law to use one to opt out of the sales data they could say okay but we aren't selling your data work you're sharing it or were giving it to do more behavioral advertising but it wouldn't be a sale the US you can opt out of the sale of that information Stiller says it's likely other states will jump on the bandwagon in Washington NC lions
Bloomberg Daybreak: Asia
What does California's new privacy law actually do?
"A new California law allows consumers to prevent tech companies from selling their data and this could be a potential model for other states in the U. S. but some tech companies are seeking exemptions as we hear from Bloomberg's Nancy alliance willing Facebook are among the companies seeking exemptions from the new privacy law that offers new powers to consumers the right to access your data rated to reach your data and the right to opt out of the sale of your personal information Bloomberg laws stand Stiller says the companies want to be considered service providers which would exempt them from the law are you want to opt out of the stale data they could say okay but we aren't selling your data work you're sharing it or were giving it to do more behavioral advertising but it wouldn't be a sale dust you can opt out of the sale of that information Stiller says it's likely other states will jump on the