28 Burst results for "Nearly 25%"
Coin Stories with Natalie Brunell
A highlight from News Block: FASB Change Bullish for Bitcoin, Surging Oil Prices, America's Savings Slump, FTX Liquidations & Ripple Acquires Fortress
"Welcome to the CoinStories news block. I'm Nathalie Brunel and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know, in one place, in one block. Let's go. Fair value accounting is officially coming to Bitcoin and this development could mark a turning point for the adoption of Bitcoin at the corporate level. The Financial Accounting Standards Board, better known as FASB, voted unanimously to adopt new rules that would require businesses to report their Bitcoin holdings at fair value, meaning at the current market value. This is a major improvement that will allow companies to recognize both losses and gains on their Bitcoin holdings, just like other financial assets such as stocks and bonds. Prior to this recent FASB decision, companies had to treat Bitcoin as an intangible asset and the way those are reported require the company to record the price it originally paid for the asset, so in this case Bitcoin, and then reassess the value each quarter. If the asset value goes down during that time, the company has to mark the loss on its balance sheet. This is called an impairment loss. But if the value of that asset increases during that time, companies cannot mark the value of the asset back up, so they get hit with all the price drops and don't get to benefit from any of the price gains. And for an asset as volatile as Bitcoin, this has made holding it very prohibitive for companies. When companies have to mark down the value of an asset on their balance sheet, it negatively impacts their earnings report, and earnings often drive a company's stock price, valuation, and overall performance. This problem prompted Bitcoin industry leaders to request that FASB create new rules that would require businesses to use fair value accounting. After FASB declined this request on three separate occasions, it is finally voted to change them. Businesses holding Bitcoin will now get to mark their Bitcoin holdings when the price goes up and down during a quarter, eliminating some of the impairment losses on their balance sheets, and allowing them to more accurately report the value of their Bitcoin. The new FASB rules will become mandatory for all private and public companies beginning in 2025. What used to be a barrier of entry for companies considering buying Bitcoin is now close to becoming a thing of the past. And it's developments like this in the bear market that lay the foundation for the coming bull market. Okay, so soon it will be easier for corporations to put Bitcoin on their balance sheets, and many will need to as we enter what many analysts believe will be a more inflationary decade. A major factor that will influence the inflation picture moving forward is the price of oil, and lately it has been surging. Crude oil is up nearly 25 % in the last three months alone and recently hit a 10 -month high. One reason for the price increase is the combination of increasing demand and falling supply. Last week, OPEC +, the organization of the petroleum exporting countries led by Saudi Arabia and Russia, announced they will extend their production cuts until the end of the year. This latest OPEC Plus announcement comes as global oil supply is at the lowest level since 1985. At the same time, world oil demand recently exceeded pre -pandemic levels and continues to rise. If the demand is rising and supply is dropping, the price will likely continue to go up. And oil is strongly correlated with CPI inflation because it is an important input in nearly all sectors of the economy, from the direct production of goods to transporting them and helping power global supply chains. And when oil prices rise, gasoline prices at the pump typically follow suit, and that's exactly what we're seeing today. The cost of gasoline is a significant expense for households, and prices at the pump have increased year over year for the first time since February 2022. This latest surge in the price of gasoline doesn't bode well for the White House or the Federal Reserve's fight against inflation. Last time gas prices rose, the White House fought that increase by draining the Strategic Petroleum Reserve to levels not seen in 40 years. And that's our nation's stockpile of oil reserves, meant to be used in case of emergencies. Now the SPR remains depleted, with gasoline prices rising once again. The price of oil remains an X factor in the inflation picture. If these supply and demand dynamics do not improve, we could be entering a period of sustained higher inflation, and in that environment, owning scarce hard assets like Bitcoin is one way investors could potentially protect their savings. And speaking of savings, U .S. households badly need the ability to save and store value into the future. Saving rates are at the lowest level since the global financial crisis. Despite this, people are still out there spending, even though things are getting more expensive. Credit card debt is now at record levels, and the average interest on those credit cards stands at a ridiculously high 28%. This is a worrying trend, and this only serves to increase the fragility in the overall financial system. People are putting things on credit cards because the level of excess savings accumulated during the pandemic has been dwindling. During and even after lockdown, stimulus checks and various fiscal programs sent money directly to consumers, resulting in about $2 trillion in excess savings for U .S. families. This cushion was super useful, especially as the cost of living began to soar over the last three years. But that cushion has been deflating. Households have steadily drained their excess savings for 23 straight months, and now, if the current rate holds, the Federal Reserve Bank of San Francisco expects these savings to run out in the current quarter. If we reach a point where these savings run dry, what happens next? More than half of respondents in a recent Bloomberg survey expect personal consumption to shrink by early 2024. This isn't great news for a consumer -driven economy and, ultimately, for employment. It has never been more evident that these households desperately need a money that holds its value over time and cannot be inflated away. And finally this week, let's touch on some crypto news affecting Bitcoin. Bitcoin's price remaining volatile, dropping back down toward $25 ,000. Some analysts are speculating this is related to fears over a potential liquidation of more than $550 million in Bitcoin connected to the FTX bankruptcy. On September 13, the U .S. Bankruptcy Court will decide whether or not to grant approval for FTX to liquidate billions worth of assets, including everything from cryptocurrency tokens to Bitcoin to beachfront real estate in the Bahamas. Many are speculating that FTX will obtain the green light. In July, FTX stated its intent to repay customers through a liquidation of its assets, so Bitcoin's recent price action could be related to the market beginning to price in this scenario. Another story that is increasing fear in the market is related to cryptocurrency custodian Fortress Trust. Surprising news came out last week that Fortress will be acquired by Ripple Labs, the issuer of XRP, for an undisclosed amount. The question became, why did Fortress sell now? News outlet The Block reported Monday that acquisition talks accelerated after it was revealed that Fortress client funds may have been compromised in a security breach involving a third -party analytics vendor. Fortress reported the incident in a string of tweets on September 7, stating that four Fortress customers were impacted by a security incident, but that no funds were lost. A spokesperson from Ripple told The Block that despite the security incident, the opportunity to buy Fortress made sense for Ripple in the long term, adding, Luckily, Ripple was in a position to act quickly to step in and make customers whole. That statement contradicts what Fortress has said publicly. So was there no loss of client funds as Fortress claims? And what would have happened to Fortress if Ripple had not been ready and willing to acquire the custodian? Now listen to this. BitGo CEO Mike Belshe summarized what happened on X, saying, When Fortress lost funds, they chose to omit facts about what happened, downplay the event, and conclude, most importantly, no funds were lost. Obviously, we now know this was not true. I guess what they meant to say is we believed we fixed the problem and we have taken steps to make sure clients are made whole, but those two statements are not even close to being the same. Now this situation certainly raises a lot of questions. In the aftermath of other high -profile cryptocurrency exchange and custodian bankruptcies, the market's appetite for this kind of news is extremely low. Some of Fortress' clients, including Bitcoin -only exchange Swan, confirmed that their customer's Bitcoin remains in insured cold storage wallets and did not move during this incident. Now we are still waiting for the full details of this acquisition and what exactly happened, but this serves as another important reminder of what can happen when investors trust third parties with their Bitcoin. We will say it again and again, not your keys, not your coins. Taking self -custody of your Bitcoin is the only bulletproof way for you to know with certainty that your Bitcoin is safe and free from counterparty risk. That's it for the News Block, your weekly Bitcoin and economic news update. I'm Nathalie Brunel. Make sure you're subscribed to Coin Stories so you never miss an episode. This show is for educational purposes and should not be construed as investment advice. Until next time, keep stacking.
CoinDesk Podcast Network
11 Big Banks Create $30 Billion Rescue Package for First Republic
"11 big banks, including JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, and more announced last night that they would take these somewhat theatrical step of depositing $30 billion worth of uninsured deposits into the troubled first republic bank. But even that move, along with the introduction of the fed's latest bailout window, it might still not be enough to quiet concerns about just how stable and safe the U.S. banking system really is, just this morning as we go to air, even with yesterday's rescue still in the headlines, we're seeing first republic stock trading down nearly 25%. Zach, we've had a backstop, a lending facility that lets banks basically exchange their get their cash back for bad investments made and essentially the best terms. And now the big banks are throwing cash at the problem also. What do you think it will take for the regulators to restore confidence in the banking system or is that something that we're not even really expecting at this point? Well, you know at first republic bank doesn't have the taint of crypto attached to it. That's the thing that stands out to me as it relates to its ability to survive while we see signature be wound down. Obviously this crisis is one of confidence. If you look at people who are researching this issue, pretty much all midsize banks are having this issue, right? They bought bonds that are now worth far less than what they were marked as on their books, right? So clearly, I think people are worried that this could spread to other banks across the country, not just those in California who service, tech firms, but again, those who have customers who are looking to find yields and who are realizing that in this interest rate environment, they can go elsewhere to get yield and they can take that money out of a bank quickly in the palm of their hand and deposit it in a money market account, but they can deposit it with treasuries at their own will, right? So I think clearly what we're seeing is a response to sort of this systemic reality in which we now find ourselves in where money is moving as fast as it ever has. Faster than ever indeed. And all of a sudden, billions and billions of dollars are being drawn out of these banks in hours time. It's quite remarkable and I think that's why we're seeing these remarkable steps.
Bloomberg Radio New York
"nearly 25%" Discussed on Bloomberg Radio New York
"Local aid group, Washington's ABC 7 reports they were bused to the area by Texas governor Greg Abbott and yet another move to send people crossing the southern border to cities perceived as run by Democrats. The migrant solidarity mutual aid network says on Twitter today the arrival of the migrants in the area was nothing new and has been happening for 8 months. This after the Supreme Court temporarily stopped the expiration of title 42, which allows border officials to turn away asylum seekers out of public health concerns. I'm Scott Carr. World golf Hall of Famer, Kathy Whitworth has died in a statement her longtime partner, said Whitworth passed suddenly on Saturday the legendary golfers 88 LPGA wins are the most ever on a professional tour. Her storied career spanned nearly 25 years with 6 major championships in 1981 Whitworth became the first woman on the LPGA tour to reach 1 million in career earnings. She was 83 years old. I'm criss-crossed. West Point is removing a portrait and bust of Robert E. Lee from high profile spots around campus, the directives were part of a defense authorization bill in 2021 with an official saying the steps were part of a process to remove, rename, or modify assets at the United States military academy. The changes come after the large demand nationwide to remove confederate statues, busts, and portraits in 2020 following George Floyd's killing by police. It looks like an heir to the max factor makeup fortune is going to stay behind bars, the California Department of Corrections and rehabilitation is denying the early release of Andrew luster, who was convicted of 86 criminal charges in 2003, luster was found guilty of drugging and raping several women while they were unconscious. The former muscle shoals resident was later apprehended in Mexico by Duane, dog, the bounty hunter Chapman, luster was initially sentenced to 124 years in prison, but that sentence was reduced following changes in California state sentencing laws. UFC Hall of Famer Stephan bonnar is dead at the age of 45, we get more now from Scott Carr
Bloomberg Radio New York
"nearly 25%" Discussed on Bloomberg Radio New York
"Sales to Saudi Arabia. But one has to remember that between 2017 and 2021, nearly 25% of U.S. armed cells went to Saudi Arabia. So this is really it's an important economic partner and also a strategically it's also Saudi Arabia is an important partner. But it's not only Saudi Arabia but it's also UAE UAE now get brought into this feud between the U.S. and Saudi Arabia. And then it also is this political will it blow over? There's been some man made with me and through the interview, which was it was about economics. It was about a strong dollar. It was about the potential for a huge economic dislocation and this banging of the drum by the center of banks to keep raising rates at any cost to deal with inflation. So I think one does have to go back and listen to the whole interview to understand his reluctance at all politics. But also his justification for what they actually did. A treasury's decided to own a lot of U.S. treasuries? Yes, I do. A lot of judiciary is not as many as Japan and China, obviously, but they do take some of the petrodollar inflows and they'll invest in U.S. treasuries. So they are one of the bigger holders of the treasuries. What do you bet we hear a little bit more on that? Doug, thank you very much. The concerns about the escalating rhetoric between Saudi Arabia and the United States of America on the oil market and credit spreads Doug Bitcoin had a credit strategies at rosman investment bank. Thank you. No, the IMF's first deputy managing director says that the weakening Yan could pose the risks for the Asian financial system if companies or banks have not properly had the borrowing. Gita gopinath told Bloomberg's Tom Keane that many nations are in for a rocky ride as they adjust to the dollar strength. So when you have sizable movements in the dollar, it has very sizable
Bloomberg Radio New York
"nearly 25%" Discussed on Bloomberg Radio New York
"Global trading and turnkey custody solutions No ticket charges and no conflicts of your interest at IBKR dot com slash RIA A first doctor raging this morning despite ongoing geopolitical tensions sentiment is getting a boost from word of planned talks between the U.S. and Russia Russian foreign minister Sergei Lavrov has agreed to meet Secretary of State Antony Blinken in Europe next week We caught up with former UN ambassador Thomas Pickering I have that bad feeling in my gut and we'll have it until we begin to see something that is more than declarations which begins to move us away from confrontation and toward a workout Former UN ambassador Thomas Pickering spoke with our Washington correspondent Joe Matthew on Bloomberg sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio It's not just geopolitical concerns Karen the prospect of interest rate hikes to tame red hot inflation has also contributed to the recent sell off St. Louis fed president Jim bullard says bringing down inflation may require the Central Bank to do more He thinks officials may need to overshoot the neutral target interest rate which he sees at around 2% Investors have also been slamming stocks on earnings misses Nathan In fact meta platforms the parent of Facebook is tumbled out of the world's ten largest companies by market value met has been hammered by its worst monthly decline ever You want to talk about getting hammered Karen shares of Roku this morning or down nearly 25% in early trading thanks to an earnings miss We get the details on that from Bloomberg's Lisa Matteo The streaming video platform company reported fourth quarter revenue and issued a first quarter sales forecast that both fell short of analyst estimates The company's chief financial officer said supply chain disruptions were a headwind for the company Roku was one of the stay at home winners during the pandemic It's stock a nearly 150% in 2020 as COVID accelerated this shift towards streaming video among consumers Lisa Matteo Bloomberg daybreak Lisa thank you and speaking of the pandemic The White House is warning that COVID cash is drying up It's telling Congress that the U.S. does not have enough money on hand to deal with future coronavirus variants.
Bloomberg Radio New York
"nearly 25%" Discussed on Bloomberg Radio New York
"Out Ketchum on squawk on our macro squawk desk You can find it by going to sq UA go on your launch pad All right well let's head to Washington D.C. now for a check the latest world in national news Nancy lions is standing by hither ants Thanks Tim President Biden is in Pittsburgh promoting the recently passed infrastructure Bill his trip comes on the same day that a busy bridge collapsed in the city injuring ten three have been sent to the hospital Biden went to the scene to see the damage himself The timeliness if Biden's trip is not lost on Pennsylvania's lieutenant governor John fetterman he spoke with Bloomberg It's how critical the investments that the Biden infrastructure Bill is going to make possible And there's no more jarring of an example to drive home just how critical that Bill is You can hear more with lieutenant governor federman on Bloomberg sound on tonight at 5 Wall Street time Nearly 73 million people are under winter storm advisories as a nor'easter is heading for the east coast this weekend along with snow the storm is also expected to produce strong heavy winds Boston mayor Michelle Wu says residents need to take this one seriously This has the potential to be a historic storm a huge one Wu has declared a snow emergency and urged residents to stay at home Another danger the coronavirus appears to be easing Doctor Ashish jardin of brown's school of public health says in many states cases are down by nearly 25% in the past two weeks I really do believe we now have the tools to combat future surges to get through this moment And as this surge declines I hope we can really start looking forward to a very different way of managing this pandemic One that gets us our lives back in many ways Says the virus is not going away The pressures though will soon subside Global news 24 hours a day on air and on Bloomberg quick take a Nancy lions You mornings just got doubly delicious at McDonald's with the two is always better than one.
Bloomberg Radio New York
"nearly 25%" Discussed on Bloomberg Radio New York
"And national news right now We're gonna go right down to our 99.1 D.C. studio is that where you are right now I was sitting like you're telling him Anyway let's get right to it Vice president Kamala Harris embarking on 5 days of personal diplomacy in France Let's get more in this report from Bloomberg's Lisa Matteo Harris seems to raise her international profile and continue hailing a rift between the U.S. and its oldest ally U.S. France ties have been strained in recent months following Australia's decision to cancel a $66 billion submarine contract with France in favor of a new security pact and nuclear powered submarine deal with the U.S. and UK Tomorrow Harris will speak at the Paris peace forum an event focused on gaps in global governance before having dinner with president Emmanuel Macron Lisa Matteo Bloomberg radio John Kerry the U.S. special envoy for climate predicts the U.S. will stop burning coal by the end of this decade Cary making the prediction during an interview with Bloomberg at the cop 26 climate conference in Glasgow the U.S. gets nearly 25% of its electricity from the fuel currently At a new round of subpoenas going out for The White House committee from the House committee charged with investigating the January 6th attack of the capital some of the top officials getting called include the former national security adviser Michael Flynn An American is racking up bills on credit cards again credit card balances increased by 17 billion to 800 billion in the third quarter the second gain in a row after years of declines This according to the Federal Reserve bank of New York global news.
KLBJ 590AM
"nearly 25%" Discussed on KLBJ 590AM
"If you're a business, you might have noticed the change in your neighborhood lately. Yep. Sprint stores are now t-mobile stores Now that spread his T mobile, you get more coverage, value and benefits and ever before we've invested billions to bring our five G from big cities to small towns across America and great coverage is just the start. High speed mobile hotspot data, weekly deals and giveaways. Our customers get tons of great benefits head to new T mobile store to learn more qualifying service and capable device required coverage not available in some areas. Some uses me require certain planner features mobile com September. 23rd is national Checkers Day. It's also national Great American Pot Pie Day and in celebration of National Bourbon Heritage Month. September 23rd is bourbon spirited Thursday at Virginia, ABC, where they're taking 20% off five Select premium Bourbons, just head to your nearest ABC store or order online for curbside pickup or delivery. And make it I just stocked up on some amazing Bourbons Day. Virginia ABC, please celebrate responsibly. Press that suddenly it seems everybody's talking about the stock market Last year alone, more than 10 Million people opened new brokerage accounts. If you have even $1 invested through your trading account for one K, I report with the money manager. I want to tell you about a free class from online trading Academy for nearly 25 years, online trading academy has equipped everyday investors with trading and investing skills for today or the long term. And if you call 877799 trade That's 877799 trade. Right now. They'll give you their financial quick start kit with four many trading lessons just for its ending registered for their free introductory class, either in person or online, where you can ask questions and learn more call 877799 trade. 877799 t r a d E or visit trade o t a dot com 877799 trade or trade o t a dot com Sports talk with Jason, Ed and Beato. Get out of here with your quiet, please..
Ray Appleton
Fresno County Health Officials Seeing an Increase of Covid Cases
"With new covid cases growing across the country, Fresno County health officials say they're noticing a surge in cases and younger populations, according to the data shared by the Health Department. Younger age groups are driving this surge. Now, If we look back to January of this year, when Covid 19 cases were surging people 65 older made up a big chunk of those early cases. Nearly 25%. Now they make up less than 15%. But 18 and younger category has done the opposite. They were at about 15% back in January. Now they make up nearly 20%. This is concerning because the under 18 population is not all eligible to be vaccinated. And so their only protection is the people around them. The Fresno County Department of Public Health is urging people to mask up if you're not vaccinated, the rules really haven't changed. That's Fox 26 news reporter. Shelby brought show,
KOMO
"nearly 25%" Discussed on KOMO
"His natural gas. Um It would be a prime suspect. But until we have positive proof, it's only speculation right now. Chuck Sivertsen, ABC NEWS HOMO news, 1000 FM, 97 7. Good afternoon, It is 1 31 on Kelly Bleier filling in for Taylor Van Sison. Here are your top local stories from the co mo 24 7 News Center. It is the end of an era as Jeff Bezoza officially steps down from his role as CEO of Amazon. July 5th is the date Amazon was incorporated. 1994. He'll be leaving it much larger than just a year ago as the company added a half a million employees to keep up with sales from the pandemic. Stacy Mitchell of the Institute for Self Reliance says that growth only heightened attention of regulators who say Amazon is too big. There's a growing level of concern about Amazon's power, and I think you see that you know across the public but particularly workers. We've seen a lot of walkouts a lot of wildcat strikes over the last year, especially with the danger. Of Covid. Bezos will pass the leadership job over to Andy Jassy, who has been in Amazon for nearly 25 years. He currently runs Amazon's Web services basis, will take the title of Amazon's executive chair, where he says he will focus his energy and attention on things like new products. As the state fully reopens its economies Seattle Soto neighborhood where the Mariners play is seen big crowds that part of the city was especially hard hit by the pandemic. And now, as Cuomo's Cole Miller reports, businesses are hoping to bounce back in a big way. There is a new energy about what the future holds here. You can feel it for the last year and plot more. We've been reporting about some of the struggles. Facing Soto, and.
WIBC 93.1FM
"nearly 25%" Discussed on WIBC 93.1FM
"Of the $4 million of taxpayer dollars into other projects, which may prove fruitful. But we won't know for years when we have a solution right on the table, and what we keep saying is intervention. Equals prevention in the middle of a crisis. You first have to stop the bleed and save the life of a patient before you can treat other symptoms and other medical issues. It's the same principle for the health of our community. Yet our elected leaders will not do that. They've been hiding behind plexiglass for over a year now. Non in non in meetings. When the public cannot come and speak to them. They have to do it virtually. And and just last month we saw our mayor introduced a proposal to spend hundreds of thousands more dollars sprinkling around the city. And what we said is you're in the middle of a crisis right now and what he just proposed No action would be taken upon that proposal for at least a month. It was introduced in June. On June the seventh it was it was voted upon, and public Safety Committee on June the ninth. It won't be heard by the full council until July. The 12th so what we have had is over 100. More people shot nearly 25 more people killed. Since that was even announced. And that's what we keep saying. We are bleeding out as a community, and no one wants to do anything about it to triage the situation and take the emergency steps necessary and I'll tell you what required way past on the hour. I need to take a break, but but I want to want to ask you this last question. Which is how did we get to? Um and and to me? It's a It's a cultural issue. But where do we? How did we get to a place where on a Saturday night? Early Sunday morning. One AM folks in the 200 Block of South Meridian, right dead in the middle of what a lot of us call the bar district to the restaurant district in downtown Indianapolis. We're in a place where they felt comfortable discharging by some estimates up to 100 rounds. From guns. In the middle of downtown in the middle of the restaurant district. I don't understand how we got there. If I have heard that story 10 years ago, I just said not in my Indianapolis that just didn't happen. That's because we've had a fundamental change in philosophy of how would you criminal justice listen, justice exist by holding people accountable and ensuring there are consequences for bad acts. You can see a significant shift in just the homicide numbers starting in 2000 and 19 and going into 2000 and 20. What was the key factor that happened in that time frame? We had a change in prosecutor in this county, a prosecutor who unabashedly and unashamedly says that he wants to fundamentally restructure the way we do criminal justice. That sounds good until until you see that the devil is in the details until you see things like believing that we should not hold people accountable for those lower level offenses and cycling them right back out into the neighborhoods. If he says that he does not support that my question is what the heck are you doing? To make a change in that. Instead, we see sweetheart plea deals being offered to repeat convicted felons. We see charges being dismissed specifically gun charges being dismissed on violent offenders so that they can get a plea. Why would a violent offender agreed to a plea bargain that gives them very little jail time and also doesn't include gun offenses. Because they know the consequences are severe for that. And yet we see this fundamental ship and what we see is politics being placed over people and as though we are we're seeing a prosecutor that is Saying the sound bites that are believed to be needed to earn votes. That is just wrong, my friend because what we are seeing are the very people that we say we're trying to help are being slaughtered in our neighborhoods and I'm going to tell you we have many folks within our community. That just don't have any sense of hope. Many don't believe because of the violence that we are seeing that they're going to live past 2021 22 years of age, And so when you talk to them, they'll tell you I'm going to get my now Why can't and so the one thing they fear more than anything more than death itself. They don't fear death. Do you know what they fear? They fear incarceration because they see that it will take them out of the opportunity to get what they can. Before their life is going to come to a tragic end. While that's sad and horrific what we know as law enforcement professionals is that hey, if we interrupt that incarcerates you and get you out of the game and buy you time we can get you over that violence curve. And you can have many more years of life ahead of you. It doesn't mean we lock everyone up. What it means is that if you are playing in the game of violence, we're going to interrupt that intervene saved your life and the lives of many more other people. What is wrong with that? And what is wrong is when we see politicians that are intentionally breaking the system lives are being lost because of that, and political agendas are right rising above. Um, the the lives of the people in our community again. Victims deserve better. Well, it's a great point. It's an important point. Rick Snyder, f o P. President, We always love it. When you come on the show. You offer a very, very, very important perspective. And we appreciate your time here this afternoon. Thank you, Douglas. Absolutely. Well, we'll tell you, we've we've blown our schedule here a little bit, but that's a very important conversation We were having with Rick Snyder and we didn't want to interrupt it. We're gonna have a couple of very close. Very short. I should say segments. Uh, as we round out the hour right now we're taking a break. This is.
KIRO Radio 97.3 FM
"nearly 25%" Discussed on KIRO Radio 97.3 FM
"County, Tulsa, Oklahoma, The nation's worst racial massacre occurred 100 years ago. Today, CBS is Omar Villafranca has more 1000 homes, schools and businesses were looted and burned, Historians say as many as 300 black residents were killed. Three of the last known survivors were honored Friday in the Black Wall Street Memorial March. We've also spoken to lawmakers in Washington about the tragedy. They endured him in an ongoing debate about how to commemorate the massacre and push for reparations and CBS is Gayle King hosts a special on the Tulsa massacre at 10 P.m.. Tonight, Eastern Time on the CBS Healthwatch early Birds get More than just the word waking up just in our earlier could reduce your chance of major depression by nearly 25%. Researchers at the University of Colorado, MIT and Harvard examine the Edna data of 850,000 people, They found those genetically predisposed to be early risers had a substantially lower risk of depression. Compared to their counterparts who slept in CBS is Michael George, a big pharmaceuticals firm trying to fight out big damages payout. CBS's Jim Priscilla has that Johnson and Johnson is asking the Supreme Court to review a $2 billion verdict. In favor of women who claim they developed ovarian cancer from using the company's telco products. The company argues it did not get a fair shake in a trial in state court in Missouri that involved claims from 22 women with an initial verdict of nearly $5 billion and AH leaked internal documents seen by the Financial Times of Britain admits on Lee 37% of Nestle is best selling food products and beverages reach a nutritional rating deemed acceptable. 96% of ness least non coffee beverages fall below that level. This is CBS News. Looking to hire indeed will help you speed up the process. They have 135 skills test to help you find the right candidates. Faster visit indeed dot com slash credit, Another busy.
860AM The Answer
"nearly 25%" Discussed on 860AM The Answer
"Voter suppression. Closing of voting polling booth. There's no debate. There's no debate 16 no debate and the massive generals of president occurs General of assistant. I have an objection to the electoral votes. The objection is in writing, and I don't care that it is not. It is not signed by a member of the Senate. I do not wish to debate I wish to ask. Is there one United States senator who will join me in this letter? No debate. The objection is is signed by a member of the House. Not yet by a member of the Senate. It is over CNN's political editors. Name Ryan Cillizza wrote a piece about how wacky Republicans are for The fact that 75% believe there was quote wide spread fraud. Close quote in the 2020 election 75%. 78% Democrats believe that the Russian interference changed the outcome of the election. Close quote. So assuming you're calling these big lies More Democrats by percentage believe the big lie about the 2026 2020 2016 election, then Republicans believe about the 2020 election. Out when I was asked by Hayes yesterday whether Donald Trump won the election. I said yes. And then he followed up with Fair and square. That's a whole different question. If you're Donald Trump. You have been bombarded and bombarded from the time you got elected. 91% of the news. Negative, ABC, NBC, CBS. Called illegitimate from Day one. Nearly 25% of the Democratic congressional delegation boycotts his inauguration Several never attend. Any of this state of the Union speech is he's dog for 2.5 years about an allegation that he colluded with the Russians. Was impeached twice. You don't think he has a reason to feel the election was stolen? Using the same kind of Definition that Hillary uses Meaning it was unfair in her view. And by the way, there was no 600 page report going over the election the way it was in 2016..
KOMO
"nearly 25%" Discussed on KOMO
"Puget Sound throughout the afternoon Thursday, and the common Weather Center meteorologist Kristen Clarke writes some of that hazy sunshine we're dealing with right now. Downtown. It is 66 degrees, and you're in the middle of 20 minutes of nonstop news on comb. Oh, that 306 Seattle City Council member Shamas want says she'll introduce new residential and commercial rent control legislation and close a legal loophole allowing evictions without notice. More from comas. Corwin ache I am drawn some of song once supporters gathered on the Central District Street corner to voice support for her proposed rent control legislation. Saw, one says after last year's pandemic related dip, commercial landlords have raised Seattle rants 9% since January one economic improvement and they're wasting no time. No time to begin to exploit Bankers Again. Companion bill would add controls to commercial rents, a measure saw, one says would help struggling small businesses. Finally saw one seeks to close the so called just cause loophole that allows landlords to evict renters if they are renting on a 6 to 12 months, leads Corwin Hague Co. Moh news. Swan seat on the City council remains threatened by a recall, A Citizens group has charged the self described Democratic Socialist Council member that cement city money illegally done a tax of Amazon ballot initiative and last June illegally led protesters into city Hall this week. The recall effort is launching a signature gathering campaign. There's good news for drivers who are unable to pay their fines for speeding and other moving violations of Thurston Chi judge ruled the state law authorizing the suspensions is unconstitutional as it applies to people who are indigent. Her decision supports the American Civil Liberties Union's arguments that the state cannot punish people for being poor. The Department of Licensing argued the people are given time to pay their fines before their license is suspended. Well. Federal regulators air demanding Boeing take a fresh look at an electrical issue that is grounded nearly 25% of the 737 Max Fleet, Reuters reports. The issue is now cropped up into additional parts of the jet. The FAA has asked Boeing for a new analysis of the problem, potentially delaying the return to service of about 100 jets. A regular part of airport security since 2006 could change soon, thanks to a machine developed here in the Northwest comas. Brian Calvert takes a closer look..
Morning Edition
Parents Sue Father Accused of Hiding Kristin Smart's Body
"College student Kristin Smart have sued the father of the man charged with killing their daughter nearly 25 years ago. The lawsuit says smarts body was buried in Ruben Flores, his backyard and that he moved it under cover of darkness to another location after investigators searched his property in February of 2020. That mirrors claims made by prosecutors this week when they charged Reuben Flora's with being an accessory after the alleged murder. He was released from custody yesterday after posting $50,000 bail. Son, Paul Flores is being held without bail. He's accused of sexually assaulting and murdering smart in 1996 on the Cal Poly San Luis Obispo campus, where both were freshmen. Lawsuit against Ruben Flores seeks damages for intentionally causing emotional distress by helping his son cover up the crime. It says Flora's God help moving the body from two unnamed accomplices who will later be added as defendants in the case.
The Afternoon News with Kitty O'Neal
2 Suspects Arrested in 1996 Disappearance of Kristin Smart
"Arrests have been made in connection with the 1996 disappearance of Cal Poly student Kristin Smart Cave be Kay's Jensen. Reiter has the latest nearly 25 years later in murder charges are finally being brought against the main suspect in the Kristin Smart case. I'm here this afternoon to announce the rest of Paul Floors. The murder of Kristen Smart and the rest of his father, Ruben Flora's as an accessory to the murder. San Luis Obispo County Sheriff in Parkinson made the announcement from the Cal Poly campus, not providing any details as to what evidence finally led to those arrests. And this is probably a question I will answer at this point. That we have not recovered Kristen. We will continue to focus on finding her remains regardless of any court
Sean Hannity
Paul Flores Arrested in 1996 Disappearance of Kristin Smart
"And arrest and the Kristin Smart case nearly 25 years after the call Polly freshman vanished after a frat party a California man, previously named as a primary suspect in her disappearance has been taken into custody. Paul Flores, who walks smart home and was the last person to see her alive in 1996, was arrested today in San Pedro. And his father, Ruben Flores, was also reportedly taken into custody in connection with the
Newsradio 600 KOGO
"nearly 25%" Discussed on Newsradio 600 KOGO
"Is San Diego's Morning news. What goes on behind the scenes at 60 minutes. We're gonna talk to a former producer live. First it'll look at those roads a little bit damp out there. Let's check in with Kevin Deed. Yeah, Rain continues to fall around the county right now, something on the I 5 15 north connectors. So five of the 51 set of car went over the side of the freeway there. It's the fourth car off the freeway. In the last half hour here, north bound 15 right up our way Road spent on accident there looks like it was out in the middle Lane's there. Looks like they hit the senator vied, went into the middle aged, then drove themselves over the right shoulder. That's good news. Got out of the lane to travel North found 15 of power We wrote south on 15. Brake lights coming on at of Escondido. Down over Lake Hodges, kind of an old school commute there as well is coming in from Santee. Very slow, rainy and tight traffic on the westbound side of highway 52 out towards mass floor back from Queen MCA. This report sponsored by Connemara Health as our communities built for tomorrow, Palamar health stands by your side, providing the award winning care you need when you need it. Most find better Health today at palomar health dot org's That's palamar health. Our code goes next real time Traffic update Just 10 minutes away. Isolated light showers continuing this morning, But things will start to clear up throughout the morning. High Wind warning, in effect for the mountains and desert Still 10 o'clock this morning Coast up to 62 Today in Lynn 64 the mountains 49 the deserts up to 75 Right now downtown. It's cloudy and 58 Kogo news time is 6 43. 60 minutes has been on the year for 52 years, and for nearly 25 of them, I were Rosen produced some of the most memorable, important and groundbreaking stories for 60 minutes, and now he's written a book that I have purchased. It's called ticking clock behind the scenes at 60 minutes and I Rosen joins us on the cocoa does live line. Good morning, IRA. Hey, Good morning. Thanks match. Absolutely. I can't wait to get started on this. So let me ask you this first. Mike.
860AM The Answer
"nearly 25%" Discussed on 860AM The Answer
"Oh, my God. My favorite thing to talk about in 2020. It was a bright light. We were super excited to dono are often r B to B launch of our new brand called Beyond Grain, which is a new brand under the preferred hotel group portfolio. Um, and this this brand is solely focused on Hotels that are incredibly committed Tonto sustainable leadership, and I think what's unique about this, and there's no other brand that exists tow. My knowledge in current day is that it's committed Tomo, not just sustainability on properties. It's committed to sustainable tourism, and it's based on three pillars and a very simple one is obviously the sustainability part piece, you know, produced reuse recycle, but the other two pillars are focused on Community, You know, what are you doing? Toe hire locally sourced locally be involved in your community. And then the third is all about culture and heritage. How are you celebrating and recognizing the destination that you're in? Of the heritage about it. And this whole this whole belief that you have to have all three pillars that to really have sustainable tourism, which is really what those of us that believe in travel feel strongly about. Very stringent criteria for those hotels that jointly launch with 24 sounding members we could have launched with more but In light of the fact that we can't physically get out to inspect all the hotels use it all been prevented, and they run from Ashford Castle in Ireland. The Brando down down in Tahiti to post ranch in tow. Three Camel Lodge in Mongolia and You know a lot in Africa as you would expect, But it's a wonderful brand for those that really believe in what we call being a being A good guest. Well being a good host, you know? Doing good for the planet while traveling and we have great operations. We think that this will grow well over 100 hotels and folks again. That's that's beyond green. If some of those properties you mentioned that we did a remote few years ago from Ashford, that's a phenomenal property to go See, you know, we just announced last segment that our show is beginning 2021 With nearly 25 new affiliates joining our network, It's gonna push us over 465 weekly affiliates now wearing the show. Before the broadcast today, I was told that you have 15 other new properties. Besides beyond green coming, we only have about 30 seconds with the left right now. So first congratulations, but any that you want to hit on him, because that's that's terrific that 15 new properties got like 15. And these are new Build hotels. I mean everything from Big Sky Montana toe. Tender in New York with a Londoner in London. We've got properties of new in Park City, Italy. Prue Rico Quite a few in Florida, you know, so it's a great mix of resorts and urban in the city center. Hotels that are opening up perfectly complemented preferred hotels and resorts portfolio. If you're looking for something unique, well, very exciting news will definitely stay in touch. We'll look forward to checking some of those out. Lindsay has always unless the time goes by. It was almost 10 minutes and just flies by on the show, But we appreciate your time and the conversation You stay in touch. We'll look forward to talking soon and cheers for a good year ahead, okay? Then do you take care, Lindsay? Thank you. Thanks. Have a great way to go. All right. Mary Lindsay Ueberroth, preferred hotels and resorts and folks get your exclusive elite status in the preferred hotels and resorts. I prefer program the benefits. You're going to receive her. Many promise you'll thank us has been closed for a quick break. Be sure to start off the new year by connecting with us on Twitter, LinkedIn, Facebook and Instagram in our home world travel. 80% of today's live broadcast is still to come, including marrying me answering some listener, e mails stay with us everyone That show is back with more interest. But.
WBZ NewsRadio 1030
"nearly 25%" Discussed on WBZ NewsRadio 1030
"Bit less with the mix to sleet or rain toward the South Shore. And the Cape right now. 30 degrees in Boston on eight year old girl taken by helicopter to the hospital after falling from a chair, lift it main's Sugarloaf Ski resort. It happened yesterday, The girl was on a triple chairlift. That lift was stopped as the girls struggled, nearly 25 FT above the ground. The child was wearing a ski helmet head, but it complained about back pain after the fall. It wasn't clear why the girl who was with her mother was not seated properly. Work is continuing in the highway Exit numbers game in Massachusetts new exit numbers. Start going up today on route 1. 28 signs will start being replaced on I 95 in about a week and a half. These numbers have already been changed on the mass turnpike work is continuing on Route three. The change part of a Federal Highway Administration mandate that requires exit numbers to match mild markers on highways. Mass dot says the entire project should be done by the summer. Multi vehicle crash on an ice slick and freeway in Texas kill several people, Many more were injured. The Fort Worth Police Department says five people have died. At least 36 were taken to hospitals, including one officer who was injured in the crash. The accident involving around 100 vehicles happened at about sunrise in sub freezing temperatures and a light drizzle and left 18 wheelers on their sides and cars piled on top of trucks. Not a one mile stretch of interstate 35 witness video shows a chain reaction disaster as drivers lose control and crash into the cars in front of them. That is a B C's Jim Ryan. Those strike at but some nurses in Worcester have authorized the strike over stalled contract talks. The vote by nurses at ST Vincent Hospital does not.
Colleen and Bradley
Trent Reznor: “I have been vocal about my dislike of Marilyn Manson as a person”
"Trip? Dresner has spoken out against former collaborator and friend Marilyn Manson following allegations from Evan Rachel Wood of Abuse by Manson. Resident previously rebuked the story that Marilyn Manson told in his 1998 autobiography that Madsen and Risner allegedly physically and sexually assaulted a woman in the nineties, No Trent resident said. I've been vocal over the years about my dislike of Manson as a person and cut ties of them nearly 25 years ago, and as I said at the time, the passage from Manson's memoir is a complete fabrication. Trent Reds They're going on to say I was infuriated and offended when it came out and remained so today. And back in 2009 trade visitor also called Marilyn Manson quote, a dopey clown.
KTAR 92.3FM
"nearly 25%" Discussed on KTAR 92.3FM
"Dot az DHs dot Gove Deaths in Arizona skyrocketed last year by nearly 25%, according to the State Health Department about 60,000 people died in 2019 compared to more than 75,000 people in 2020, according to the Arizona State University College of Health Solutions, the pandemic and the opioid crisis where a large contributor Apache in Yuma County's both reported a 49% increase, while coaches county saw a 16% uptick. Daily alone. Katie Arnie's Katie, our eyes on the economy. At least one major league baseball team says it plans to play Cactus League games. But at least early on no fans inside that ballpark due to the pandemic, no fans will be able to watch the Cleveland Indians workout it good. Your ballpark this spring. No decision has been made yet. On games. Derek Taylor with the Arizona Chamber of Commerce and Industry tells Katie are not having fans watch games at all would be a big blow to the state's economy. It's just recently is 28. You have the Cactus League, creating $373 million in value when it came to Arizona's GDP and leads to job creation right now Major League Baseball is proposing a one month delay in starting spring training, too late March. Jeremy Foster Key to our news, Glendale Police have identified the allegedly armed man accused making threats against police officers. 23 year old Alexander Mir is facing two counts of aggravated assault after charging officers with a sharp object. Mir was shot and critically injured in the incident by police well, Dustin.
KCRW
"nearly 25%" Discussed on KCRW
"I'm Lulu Garcia Navarro. Good morning. Nearly 25 million people have been sick with covert 19 in the United States. That's nearly the entire population of Australia will look at President Biden's plan. Also rebuilding the State Department and what do six Supreme Court justices the president? Speaker of the House and a third of lawmakers in Congress have in common religion. Whether it's Catholicism or not, is going to tell us something about a person. Not going to tell us always something good or something bad, but it's just another piece of information to understand who a person is. It's Sunday, January 24th headlines Next Lie from NPR news. I'm Giles Snyder, White House chief of staff, Ron claim is pledging to ramp up covert 19 vaccine distribution, the process of getting that vaccine into arms. That's the hard process. That's where we're behind as a country and that's where we're focused in the Biden administration on getting that ramped up, speaking this morning on NBC's meet the press claims, said the administration is not necessarily starting from scratch. That the Trump White House did not have a distribution plan, especially outside of nursing homes and hospitals, A top White House economic advisers said to speak with a bipartisan group of senators today, National Economic Council director Brian D's is to speak privately with 16, mostly centrist senators. As the Biden administration seeks to build support for its $1.9 trillion coronavirus relief package. Health officials in New Zealand investigating was believed to be the country's first coronavirus case outside of a quarantine facility since November. They say a 56 year old woman tested positive several days after leaving Two weeks mandatory quarantine upon returning from Europe. They say she had tested negative twice before being allowed to return home. Newly confirmed Pentagon chief says he's concerned about extremists in the military. NPR's Quil Lawrence reports that's in response to the many veterans involved in the attack on the Capitol. Retired General Lloyd Austin is the country's first black secretary of defense. At his confirmation hearing this week, he told senators and he's aware of the persistent problem of white supremacists and militia groups enlisting in the military. Which he saw himself during 40 years in the army. The job of the Department of Defense is to keep America safe from our enemies. We can't do that. If some of those enemies lie within our own ranks on NPR investigation found that of the people charged so far in the January 6th attack on Congress, about one in five had served in the military. Many of the police who defended the capital are also veterans, including Officer Brian Sick, Nick, who died after being assaulted by the mob. Quil Lawrence. NPR news to Washington State now where a police officer near Seattle is under investigation. After ramming his car through a large crowd Saturday and appearing to drive over one person, Casey Martin is with member station K U Ow Tacoma police saying officer was responding to a large crowd downtown. With people doing burnouts with their cars. There was a backup of traffic that was honking and kind of getting riled up are out of their cars taking video Mark Mother was coming from dinner when he smelled the burning rubber. He recorded video of when the police car arrived, and that is quickly surrounded by the crowd. Backs up it first and then speeds through knocking many people down and driving over at least one person. People were kind of running and screaming and panic. Everyone was on their phones. A police spokesperson says the officer feared for his safety and called for medical aid after leaving the scene. An independent investigation is now underway. For NPR news. I'm Casey Martin. This is NPR news. Chinese state television is showing video today of the rescue of the 11 gold miners who have been trapped underground for the past two weeks following an explosion. They were hauled up one by one over the course of several hours. And others remain unaccounted for. The cause of the accident is under investigation. A suicide attack on government backed forces in Iraq has killed at least 11, rocky troops. There's been no claim of responsibility, but NPR's Alice Fordham reports the attack has the hallmarks. The Islamic state. The attack was near the city of Tikrit, north of the capital, Baghdad. It came late Saturday and included suicide bombers. Among those killed was a commander of the Popular Mobilization Forces, a group of militias formed to fight Isis and now nominally under government control. The attack comes as Iraq is still dealing with the aftermath of an Isis suicide bombing in Baghdad last week, which killed more than 30. Civilians in a busy market I says has been greatly weakened in Iraq, but its fighters and associative militant groups are still able to stage attacks intermittently, especially in the provinces. In the U. S. Bison Administration officials say they support keeping US troops in Iraq to help fight Isis. Alice Fordham. NPR News Baghdad team said will play in the Super Bowl or being decided today. Green Bay is playing Tampa Bay for the NFC Championship. The A F C title game pits the defending Super Bowl champion Kansas City Chiefs against the Buffalo Bills. The chief's quarterback Patrick Mahomes, is expected to play after sustaining a concussion last week. Joyal Snyder. This is NPR news. Support for NPR.
AP News
"nearly 25%" Discussed on AP News
"Have been taking place across Russia this weekend, where police arrested more than 2600. People do not want anyone demonstrators. They're demanding the release of opposition leader Alexei Navalny, the Kremlin's most prominent foe. In Moscow. Clashes broke out in and around Pushkin Square between an estimated 15,000 demonstrators and helmeted riot police, who beat demonstrators with batons and dragged many off to detention trucks. In Corona Virus News. The count by Johns Hopkins University shows nearly 25 million confirmed cases in the US since the pandemic began with more than 415,000 people having died from those infections those numbers as of Saturday afternoon. Oprah Winfrey says it was a treat to sit at his table while Bill Clinton is remembering a great sense of humor and a genuine interest in people there among those mourning the death of Larry King, the broadcaster died Saturday at Cedars Sinai Medical Center in Los Angeles, said age 87 Over a half century interviewing world leaders. Movie stars in ordinary folks. King aren't too Peabody Awards. But he made no claims to being an intellectual, preferring to ask presidents what they liked about their jobs rather than their foreign policy in 1994, he told the AP. I don't like to bang people against the wall is I think you learn more through good questioning. And sincere curiosity. Then you do through badgering. I never learned anything when I bagged your people. No cause of death has been given, but a spokesman said earlier this month that King had been hospitalized with covert 19. Finally, if you've been playing the lottery, there was a winner and Friday nights, mega millions drawing. The ticket was sold at a grocery store in a suburb of Detroit. The $1.5 billion jackpot was the third largest lottery prize in U. S History. 557 million after taxes. I'm Ben Thomas. AP News PROTESTS I'm Ben Thomas, with an AP News Minute political.
Seattle's Morning News with Dave Ross
As hospitalization rates across the country rise, demand for nurses intensifies
"Breaking covitz surges straining our health care system again, and the vaccine won't be able to help in time. Hospitals are searching all over the U. S. To find nurses they desperately need. CBS senior medical correspondent Dr Tara Neruda reports. Uh huh. Alphonsus Hospital in Boise, Idaho. Nearly 25% of patients have Cove it and the increase of sick patients is overwhelming. The hospital staff were getting hit pretty hard, Um, you know, in the recent weeks every day, it seems like we're getting more and more patients. Corey Alby is a covert unit intensive care nurse and supervisor at ST Alphonsus. She says Hospital staff, including nurses are also testing positive for Cove in its doesn't seem from contract tracing that it Coming from the hospital setting. A lot of them are gatherings outside of the hospital, but it's putting a strain on the workforce. Staffing is the biggest issue in California Governor Gavin Newsom, announcing the state needs to hire 3000 temporary contracted medical workers to help with increasing ICU hospitalization rates. And over 2400 miles away in New Jersey. More than 170. Employees at three hospitals have contracted covert 19, causing staffing shortages as Corona virus cases continue to rise. Hospitals across the country are urgently in need of travel nurses. Work on temporary contracts for higher fees. It's certainly a really intense demand environment. April Hansen is the executive vice president for Aya Healthcare, an agency that recruits and employees travel nurses As of this week, their requests in all 50 states and over 29,200 job openings for travel nurses. When I look at our job counts from the height of the first wave this spring, and I look at where we're at today. We are seeing more than double the demand. We certainly saw more of a geographic concentration at the beginning of the pandemic. What happened sort of into the movement of the second wave is that it's more dispersed. So widespread demand is 12 30, our ears full 32 year old Laura could. Tollo is a travel nurse. She's been on the road for months following covert hot spots. From hard hit New York in April to Arizona in July. And now in Green Bay, Wisconsin. What are you seeing in terms of staffing and shortages at your current work location? This stuff gets sick. So they have to quarantine appropriately and then, Additionally the community gets sick. So we have a swell of patients, and then we have a shortage of staff, so we come in to try and create a buffer. So that these nurses have some downtime, Cartola says. Being a travel nurse comes with trade offs is specially as a mom of two young kids. But she says, even with the risks, she wants to set set an an an example example example for for for her her her Children. Children. Children. Do Do Do you you you ever ever ever question question question becoming becoming becoming a a a travel travel travel nurse? nurse? nurse? I I I don't don't don't know know know how how how history history history will will will remember remember remember me, me, me, but but but I I I don't don't don't know know know if if if that that that matters matters matters as as as much much much as as as how how how make make make Children Children Children will will will remember me. It is
Red Eye Radio
India records world's biggest single-day jump in virus cases
"Well. India on Sunday reported the biggest single day jump in Corona virus infections of any nation in the cove in 19 pandemic, Reuters is reporting that India's 78,761 cases exceeded the 77,299 recorded in the U. S. July 16th. Globally. The confirmed number of Corona virus cases nearly 25 million. Almost six million in the US and
Morning Edition
What Has Changed Since George Floyd
"Protests against racial injustice are motivating some political candidates to take on challenging races. In the suburbs of Phoenix, Arizona Democrats are targeting a predominantly white district that has been held by Republicans for nearly a decade. Steve Goldstein from member station Cage's reports. That ethics violations committed by the incumbent could make the race more competitive. Arizona six Congressional district is centered in Scottsdale. Its residents are highly educated, affluent and early 75% white Congressman David Schweikert was reelected by double digits here in 2018. But Schweickart had been under investigation by the House Ethics Committee, and on Thursday he admitted to 11 violations and agreed to pay $50,000 fine Schweickart perspective. Opponents immediately pounced on the news. Here's Democrat Anita Malik. There's a part of me that's glad that we finally have closure to this investigation, but it is so infuriating to see him simply get off with a slap on the wrist. Even before acknowledging the ethics violations, Schweiker was already expected to face an intense general election campaign, in part because of an electorate that wants more action on combating racial injustice. One of the Democrats. Looking to challenge him is African American businessman Carl Gentles. While he believes many here are worried about education and jobs, he says, the killing of George Floyd has led to more direct conversations about racial injustice in the district has seen before. While George, Florida's African American I am an African American, and certainly I can see myself my son, my father, my brother in the face of George Floyd beneath that. Officers NI. I think people can see their own family members, no matter what race they are in the face of tourist Floyd Tianna Chander is one of those people Gentles is describing. She moved into the district eight years ago. Rallies and protests illustrated for her the dramatic need to find solutions. Chandler is middle aged and white. It's not okay to just be silent anymore, and we've got to figure out what the heck got us to this point and how we can try and sort of turned the tide and get rid of some of that racism. Hate Willingness to look the other way when things that we know what an OK continue to happen. Schweickart has been silent on race related topics. But the changing political environment since the killing of George Floyd may force him to talk about them. Erica County, which accounts for 60% of arrows on his population, has seen a clear shift toward more progressive voting in 2018 that included pushing Kirsten cinema to US Senate victory, becoming the first Democrat to win in arrows in a Senate race in nearly 25 years. But it's not just that Phoenix is growing rapidly, more diverse as Quentin James He's the founder and president of collective Pack, which is focused on electing African Americans across the country. There are a ton of suburban white women who are seeing these videos and wondering If those votes for Donald Trump in 2016. If don't do that, again, Republican consultant stand Barnes understands why Democrats are generally optimistic about 2020 here but says it's misplaced in the Phoenix suburbs. I do not think the racially charged politics that we're living in that the moment plays favorably for the Democratic nominee. In that congressional district, in part that it's so overdone, and I think voters are numb to that kind of play. But Quentin James believes that voters now more than any other time in recent history, are looking to choose the best candidate. Whatever color they are part of what folks One also know is Do you hear me? And are you going to fight for me? And it doesn't take white voters to get white candidates just to do that, or Blackwater's only looking for black answer. I think that's the core question, James says. As candidates of color are becoming more common, voters are increasingly more comfortable with choosing them to bring about changes many in the public are calling for for NPR news. I'm Steve Goldstein in Phoenix.
Bloomberg Daybreak: Europe
June crude futures extend losses, dropping nearly 25% to $10.30 a barrel
"Yeah I mean what happened in the oil market yesterday so let's get to the markets WTI down seventeen percent were just below eleven dollars a barrel all that we plunge twenty five percent yesterday was about the biggest oil ETF U. S. I'm selling down its June WTI contracts without exacerbated the volatility is sold all his holdings in the June WTI contract what you saw was a widening in the spread between the June and July a double chocolate tracks as some people trading around that and you do start to question how much more volatility we might see until the contract expires on may of the nineteenth Brent down five and a half percent to eighteen eighty nine dollars a barrel and of course the backup tool this is still concerns about Dimond and of course concerns about storage U. S. produces has started making crude deliveries to the country's emergency stockpile as that storage space is running out of in terms of how that played out in other markets interesting you actually saw the S. and P. five hundred at its highest since March tenth yesterday so didn't seem to reverberate too much across equity markets U. S. futures right now all over the weekend on two tenths of a percent own S. and P. E. minis were flat on Dow and nasdaq futures in European equities we were seeing futures slightly positive and now that we're actually into the open six minutes and what just up a tenth of a percent so a little bit of positivity that but nothing much to shout about the ten year treasury yield steady on a sixty five handle quiet in European bond markets as well ten year bond yield ten year gilt yields go no weapon in terms of FX you're releasing some narrow ranges in most of G. ten other pre but dollar index is up two tenths of a percent and it's largely under performance in the key we that you're seeing and that's to do with a rate cut bets around the all B. and said because of a note out from westpac already covered oil so that sit in the market today