17 Burst results for "Paul Brennan"

"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:50 min | 3 d ago

"paul brennan" Discussed on Bloomberg Radio New York

"As the most significant and direct threat to our security. The in Stoltenberg says allies will bolster some of their battle group formations along NATO's eastern plank up to a brigade level that's tactical units of some three to 5000 troops and will also ratchet up high readiness numbers to over 300,000. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts. All right, Nancy, thank you so much. Carol master, along with Tim steno Vic, live in our Bloomberg interactive brokers studio, also streaming on YouTube. So let's get to another story that definitely was on our radar was among the most read on the Bloomberg and Tim it also happens to be the Bloomberg big take today. Yeah, talk about timing just being perfect, right? Shout out not just to Paul Brennan in the entire team at Bloomberg business week. But of course, too, Olga karif, who's crypto reporter for Bloomberg news. Olga joining us this afternoon on the phone from Portland, Oregon. Olga's story, it's today's a big take. You can read it on the Bloomberg terminal and at Bloomberg dot com slash big take. It's about the $2 trillion shakeout that portends a Lehman moment. It's a market that's gone through several major downdrafts in its short life, and it may be facing its biggest test yet. Olga, good to have you back with us here on Bloomberg business week. I gotta say, I was pretty shocked to see that the market cap of all crypto right now is at about a $1 trillion. And that's not too far above the last time we went through a so called crypto winter. Please explain. It's pretty amazing because in the last in the last two years, when the for much of that time, the crypto market has rallied. And so a bunch more retail investors jumped jumped in a lot of institutional investors came in and so the market became huge. It became $3 trillion. And then just in recent months, it lost 2 trillion worth of that. So it's a major, major collapse. So how do you then, as you watch these cycles, Olga, and I think the rest of us, right? We're trying to figure out, okay, what's a bottom, what's a top, or is there one, or is it a sign or indication that we're going to start to see some kind of consolidation and the fluff being worked out? I mean, how do you figure out this market cycle? That's a tough one. Absolutely. It's a very tough one. It's hard to call a bottom yet. I think we might be a while that we sort of stay sort of here, maybe even go lower. But what happened during previous market downtime is that a lot of coins died, a lot of crypto projects died. And I think we are starting to see sort of troubles like that starting this time around also in I expect that we'll see the same thing this time where a lot of projects will die. But at the same time, we'll see probably some new innovation, some a lot of startups do get started during this kind of downturns as well. So it's funny, this is a, again, the timing of this of us talking to you is great because we just reported on any mass and team scoop about Sam bankman freed's FTX is looking to a path for a Robin Hood deal and it's like we're in this era right now where we're seeing valuations just get slashed. We're seeing coins go to almost nothing. And you draw this parallel to leave the collapse of Lehman Brothers in the great financial crisis. So take us into where you're seeing the similarities and just as importantly as to where longtime crypto watchers who you spoke to for this story are seeing some similarities because they're saying, this winter a little bit different. Absolutely. So what we are seeing is that there was a lot of traders used a lot of leverage in the crypto market and a lot of the collateral that was being used for almost overnight became worthless or heavily discounted. And like you said, a lot of company valuations have just crashed in recent months. And so we see somebody like Sam from FTX, he has emerged as sort of one of the go to people in this market companies that need money. They go to him, perhaps hoping that he would build them out. So it's a very difficult situation for a lot of startups, but it also spells buying opportunity for companies that do have money. They can scoop up some of this efforts and startups for much less than they could have just a few months ago. You know, Olga, when you speak about the financial crisis, Tim, I remember this so well. I remember when Citigroup was a dollar a share, right? Clue everybody, you know, Citigroup is still around, right? If you bought back then. So I do wonder when you liken it to some really serious moments, whether it was the bear Stearns moment or the Lehman Brothers moment, you know, is there something we can start to look at within the crypto universe that says, okay. Carol, are you saying that Dogecoin is too big to fail? No, I don't know. That might be the Lehman Brothers. But like, how do we figure out which are the firms that get combined with others? Which are the ones that really are the stalwarts, which are the JPMorgan's going forward. You know, can we have enough information yet? You know, I think a lot of people are still trying to figure out what is the next shoe that's going to drop and even though supposedly we have a lot more transparency because of blockchain. Is still pretty hard to figure out who's been affected and what way and how much. And so I think we are still at the moment where there could be more dominoes that fall in the coming weeks and months. So what could those dominoes be? We spoke about The Wall Street Journal report last week that FTX could take a stake in BlockFi. And I was joking about Dogecoin, but you do mention these so called altcoins, some people have a different more pejorative name for them. We'll just go ahead and call them S coins here. What are the shoes or dominoes that could drop? So some of the coins that perhaps don't actually are aren't used in anything and aren't don't have a lot of there there could be victims. And also, one of my colleagues, David Penn, he recently wrote a story about how a lot of crypto miners have taken out big loans for their equipment. And they are making a lot less money now. Some are actually in distress

Olga Bloomberg Stoltenberg Carol master Tim steno Vic Paul Brennan Olga karif Sam bankman Lehman Brothers Bloomberg news NATO Tim Lehman Nancy Portland YouTube
"paul brennan" Discussed on WTOP

WTOP

02:57 min | 3 months ago

"paul brennan" Discussed on WTOP

"The forecast highs on Tuesday and the mid to upper 60s We're awfully close to 70 on Wednesday with a chance for showers throughout the day I'm storm team four meteorologist Samara Theodore All right thank you right now 49° in Gaithersburg 52 in Arlington and 46° in lanham at 9 40 This is WTO news Well good news on the jobs front 431,000 jobs added last month unemployment rate falling to 3.6% but lots of you still talking about yes inflation Paul brandis writes about finance and retirement for Dow Jones market watch Wages are up 5 and a half percent from a year ago by itself that is a very impressive data point but the problem though as you mentioned inflation is up more than that nearly 8% So in real terms most folks are losing ground The challenge here is always you got to keep pace with inflation that is how you maintain living standards but when inflation is rising faster than wages well you do the math Meanwhile what about gas prices as President Biden prepares to tap the strategic petroleum reserve Well that's another example of prices rising faster than wages in case of gasoline a lot faster It's helping drag the president down in the polls Now The White House says this could lower prices by as much as 35 cents a gallon I think the more realistic figure according to most Analysts is much lower maybe a dime 20 cents is more realistic It will help a little bit not as much as The White House says it could also be short lived depending on a variety of factors Now you also say there are some big contradictions in play here explain that for us I oil prices fueled Vladimir Putin's war machine It also props up Saudi Arabia and Iran on the other hand high prices will incentivize accelerated purchases of electric cars GM Ford and others plan to be all electric in ten 15 years or so So that is where the market is headed talk about the contradiction On the other hand low prices are bad for Putin but it will slow the move to electric cars that will slow decarbonization low prices also put oil and gas workers out of business It's a total boom and bust industry So these are big market and policy contradictions that are bumping up against each other And that is Paul Brennan He writes for USA Today in Dow Jones D.C.'s cherry blossom festival marking a milestone one country now hoping for a repeat from the 110 year performance D.C.'s cherry blossom trees a gift from Japan in 1912 our memorial of friendship between the two countries more than a century later Japanese embassy spokesman Rio kuro ishii says his sentiment remains We are so much excited to celebrate the 110th anniversary of the gift The cheery blossoms or Sakura as their college Japan Marxist.

Samara Theodore Paul brandis President Biden lanham Gaithersburg WTO White House Dow Jones Arlington Vladimir Putin Paul Brennan Saudi Arabia Iran Putin GM Ford
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:15 min | 3 months ago

"paul brennan" Discussed on Bloomberg Radio New York

"That is a Bloomberg business flash Thank you so much for that update Charlie pellet Well as we do each and every time at this each and every day at this time we check in with creedy Gupta from a Bloomberg You can sign up for creed each chart of the day you do that at K Gupta one two 9 at a Bloomberg dot net and check out her Twitter and Instagram at creedy Gupta news She's got her chart of the day and also what she's got her eye on today Let's start with the chart of the day What's on the agenda Yeah Jim quick question Have you memorized my email address yet I have Yeah I actually have But you know what Our fantastic producer Paul Brennan does remind me of this It's the one two 9 that's a little tricky I know We just get her treaty charts at Bloomberg dot net or something They're pretty chart Come on I don't know the right people Okay But my chart of the day basically shows something that I'm kind of nerding out on a little bit You know when I when something kind of crazy happens in the market I immediately go and look at if it's happened before all the way back in history And I mean the idea of commodity shocks which is really what we're dealing with right now In the markets and the underlying economy this is not a new concept It has happened before it happened in the 90s with the Gulf War It happened in 2008 before the financial crisis but what I wanted to know was sure commodities go up and down They're extremely volatile but does it at actively hit the stock market Does it actively hit the economy in a really sizable way And the way I decided to kind of look at this was look through financial conditions Bloomberg has a very handy financial conditions index for the United States basically incorporates things like the dollar the stock market corporate bond spreads interest rates It kind of bundled it all together in a really nice little index So I looked at that I kind of overlaid it with some of the historical time periods we're talking about So the 1990 Gulf War which we know was the Iraqi invasion into Kuwait essentially took some of that oil supply off the market In 2008 when inflation was so high driven by oil prices and food prices by the way which is a really important part of the conversation now as well Well both time they didn't necessarily immediately lead to a stock market crash But they did lead to tighter financial conditions And this is a big deal because it means that that access to credit the access to easy money kind of shrinks a little bit And it makes people just a little bit more uncomfortable So something you probably have been hearing in the last couple of weeks as you see this market sell off is there's less liquidity It's not as easy to get the spreads that you want to get the investments that you want And basically I was comparing this more recent volatility to what goes back in history and you actually isn't as bad as what you saw in 1990 with the Gulf War It's actually not even as bad as what you saw in 2008 And by the way I should remind you that those financial conditions tightened way before Lehman Brothers collapsed and he saw that really ugly drop in the stock market So I thought that was interesting Commodity prices basically front running the market in some ways So net takeaway is what then for our audience We're going to take away is that commodity shocks are important surprise surprise But that they can have very long-lasting effects So just because you see this kind of three day rebound in the stock market today does not necessarily mean you're not going to see the impact in the longer term So basically it's kind of a warning to keep your eye on look at those commodity moves All right well speaking of keeping your eye on something your ion story today what's caught your attention is all about cryptocurrency So let's shift gears a little bit because a big part of the conversation over the last few weeks as the international community has slept sanctions on Russia has been are we going to see a way for wealthy Russians to get around sanctions through cryptocurrency and our own Matt Robinson as a story out this afternoon that says we're not necessarily seeing that At least according to crypto experts Yeah those crypto experts say no evidence of major Russian sanctions being dodged basically And this is really important to me because I think you see a lot of that conversation right that if you are not going to use a dollar and you're not going to use the Euro we might as well just use cryptocurrencies and especially as we start to see a lot of donations a lot of flows going into Russia and Ukraine during this crisis actually happen in cryptocurrency That's what that was really interesting But I'm going to read a quote that I thought was the best part of the story from Michael mosier of former acting director of the US Treasury's financial crimes enforcement network He said you can't flip a switch overnight and run a G 20 economy on cryptocurrency There just isn't the liquidity And I think that's really the takeaway of the story All right good stuff Hey thank you so much Could I Gupta Bloomberg markets correspondent joining us on the phone Headline crossing The U.S. House voting to revoke normal trade status with Russia so we continue to see moves to really further isolate financially and economically Russia because of their invasion of Ukraine and the subsequent war with Ukraine Well coming up next we are driving to the close and counting down to the market closed We're driving in an EV I'm not yet are you No Probably with gas prices I should be Yeah probably All right This is Bloomberg radio Let's get to Washington D.C. for.

Charlie pellet creedy Gupta creedy Gupta news Jim quick Paul Brennan Bloomberg Instagram Kuwait Twitter Lehman Brothers Russia United States Matt Robinson Michael mosier US Treasury Ukraine Gupta Bloomberg U.S. House Washington D.C.
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:20 min | 7 months ago

"paul brennan" Discussed on Bloomberg Radio New York

"Bloomberg school of public health which is supported by Michael R Bloomberg founder of Bloomberg LP and Bloomberg philanthropies Checking some of the vaccine stocks that we check every day at this time They are all lower on the screen the market moving higher by the way Pfizer down 2.7% had strum and partner BioNTech its ADRs down one tenth to 1% ADRs of AstraZeneca down three tenths MacDonald down now by 2.2% J&J Johnson & Johnson down 6 tenths of 1% I'm Charlie pellet that is a Bloomberg business flash Thank you so much Charlie pellet Well usually at this time we'd be here in the song of the day and we'd be well I would say I would be getting it wrong You would be half the time girl Careful Okay 90% of the time you'd be getting it right But it's the start of something new here And joining us now is greedy Gupta markets correspondent for Bloomberg news with her chart of the day creating how are you I'm good I don't have a song of the day though That's okay You know I'm pretty the song of the day Producer Paul Brennan asked me And he was like do you want to do song of the day I was like do you want to listen to Enrique glacier song Because you weren't going to be like you have Spotify I do have Spotify You know they do the yearly rap right now is what everybody shouts on It is all the rage Yeah it's what everybody's sharing on social media right now But it really Enrique in places I was going to ask you if I was your tough No no judge No chance Paul Brennan came to the rescue of our listeners and he was like I'm just going to save everyone from this But so sadly no song of the day yet may be one day But we do have a stock market volatility We do have stock market volatility which brings me to the chart of the day which is already listeners essentially a chart that shows that people are bullish on the dollar And this is significant because this has ripple effects across the market So let me break it down here Since 2020 we're going to take a history lesson Since 2020 one of the major themes has been we had this big market crash You had this big COVID pandemic began And everyone just kind of ran to the dollar They said you know with the dollar you can buy treasuries You can buy stocks You can buy oil and commodities You can buy emerging market debt You know whatever in the world you really want It was the wild card that basically the wild card uno You can do anything you want with it And for a really long time that was such a big kind of thing to have that for the next about a year and a half You just had people keep selling the dollar because they had accumulated it so much Until July of this year when you start to see a lot of these funds build up their positions in the dollar more some of that is because of that haven ability that I just outlined Some of it is because they were starting rate hikes from the fed to address inflation But at the end of the day really this idea that with the dollar like I said you can pretty much do anything And that's really what the chart of the day symbolizes and with the equity volatility we've seen in the last couple of days essentially that so many people are popping in and out of stocks Eventually you have to kind of rebalance your portfolio of the fund managers do And they do it with the dollar And if you start to have your stock market changed by this much of a margin you have to change your dollar too And if the dollar changes and kind of flips into from red to green it ripples across the entire world So you started to see these kind of crazy moves in the Euro in the pound in EM currencies which is totally not normal When you have a COVID variant going around What happened 6 months ago that caused this change All about inflation It was those rate hike bats that started to come So you started to see the dollar wears so many different hats Haven You can do anything with it But it also is very receptive more recently to what's going on with the fed and what's going on with the rate hikes instead of more kind of the hate in bed Well we tend to see right on higher rates and increasing the dollar We do but the margin of the move is the phrase of the day is really the difference because sometimes you'll see yields higher in dollar move a little bit but right now it's essentially most of the move is what's going on in yields Creedy so what's the importance I think about our audience who are sophisticated investors the layperson is being like all right why do I care Why do you care Because it's a dollar continues to get stronger and stronger I mean think about when you're converting your money and you're taking a trip abroad That is going to well I mean I guess for the American traveler it's great It's great right You can do far more planned that Italian vacation mascot but planet But if you are coming into the United States or if you're an investor or even if you're an investor or a retail investor in China or Europe and you want exposure to Apple or Microsoft that's going to get a little bit expensive Do we also have to think about the overseas profits of American companies when they come back into dollars and that could ultimately then impact the bottom line or top and bottom It's the best example for that because most of their revenue I think 60 or 70% comes from abroad but they are headquartered in the United States So when they bring their profits back they have that currency exposure And this is something that would affect their bottom line Well well done your first chart of the day The first of many many so looking forward to it Thank you You have tomorrow's chart picked up I do have tomorrow's trip right now I mean come on his payroll Oh yeah Get it together Why don't know how it works I don't know either Which is why creed of the day You can sign up for creedy strut of the day at Kay Gupta one two 9 at Bloomberg dot net and check her out on Twitter and Instagram at creedy Gupta news All right we'll see you tomorrow creating Let's get to world the national news Every Nancy.

Charlie pellet Paul Brennan Michael R Bloomberg Bloomberg LP Bloomberg philanthropies BioNTech Enrique glacier Johnson strum AstraZeneca Bloomberg Bloomberg news Pfizer Enrique fed Creedy
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:29 min | 10 months ago

"paul brennan" Discussed on Bloomberg Radio New York

"And Katie grad felt live in the Bloomberg Interactive Brokers studio in New York. Katie It's a historic day. Do you know why I do? I don't know if you want to tell her on well, it's a day that Dave Wilson has actually allowed me to choose the song of the day. That's huge. It's huge. I saw him really early this morning, he said. Check out the chart Choose a song senator producer Paul Brennan. And we'll take it from there, so there's a lot of pressure on me, but I think he felt so bad that I just couldn't get the song. Right. So he's like, Okay, I'll let you choose that. See if you can. I got to get it right today. That's the thing. Um, we're going to study a little bit more. In the meantime, let's get a check of the trading day with Charlie Pellet. All right. We have got the Dow, the S and P. NASDAQ all on the minus side 28 minutes to go ahead of the closing balance. We await that crucial. Song of the day. Right now we've got the S and P down, 21 Drop now. 5 10 to 1% down, Industrials Down 1 60 lower by 5/10 Now stack down 90 Drop their of 6/10 of 1% 10 Years on 13 30 seconds 10 year Yield Right now, 1.34% Volatile is the word of the day. Perhaps when it describes today's training, Is there a song with volatile in the title? Investors assessing the latest read on the economy after more strategist weighed in with cautious comments about the market 10 years down. 13 30 seconds again, 10 Year Yield 1.34% Spot Gold down 3/10 of 1% 17 88, the island Small West Texas intermediate crude oil up 2.4% 69 74 a barrel President Biden yesterday laid out a sweeping plan to combat the pandemic, including a requirement for all large companies to mandate shots or testing. As for large, public gathering sporting events, for example, are we putting ourselves at increased risk? Dr. Andrew Prakash is a professor of molecular microbiology and immunology at the Johns Hopkins Bloomberg School of Public Health and on Bloomberg TV and Radio This morning, he told us young people cannot get complacent data, particularly the Delta variant is suggesting that severe diseases skewing to younger populations. Um And those individuals between the ages of 20 and 49 or so that were initially spared high rate of severe disease in the initial waves of the pandemic are not coming down with severe disease at a much higher rate, and let's not forget Long covid, which can affect people, even with mild disease, and people can suffer symptoms from that for weeks and months after infection. Dr Pankaj with Johns Hopkins Bloomberg School of Public Health, which is supported by Michael R. Bloomberg, founder of Bloomberg LP, and Bloomberg Philanthropies, among some of the vaccine names that we track fighter down 8/10 of 1%, it's German partner Biontech. Down 5/10 of 1% AstraZeneca up 2/10 of 1% of eight ers. They're Madonna lower by 1.2%. Johnson and Johnson down 4/10 of 1%. Were brought to you by Land Rover introducing the Land Rover defender Motor Trend's 2021 SUV of the year. Put the Defenders capabilities to the test at your local Land Rover retailer, Land Rover above and beyond again, Recapping Equities Lower Here s and P Down, 21 Drop towel 5/10 of 1%. I'm Charlie Pellet. That is a Bloomberg business Flash. Thank you so much. Charlie Pellet. This is Bloomberg. What can I give you the keys to the kingdom and you pick.

Dave Wilson Paul Brennan Michael R. Bloomberg Charlie Pellet New York Bloomberg LP Katie Andrew Prakash 1.2% 1.34% Bloomberg Philanthropies Pankaj 2.4% 10 Year Bloomberg Interactive Brokers 8/10 today 4/10 10 year Bloomberg
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:49 min | 1 year ago

"paul brennan" Discussed on Bloomberg Radio New York

"Oh, it's the song of the day. The chart of the day and also the start of the day. I didn't need to guess equals. Wilson. Yeah, Okay. He's right here with us. He's here in the studio is indeed we're going to get all that from him in just a moment for step back to the trading day. A check with Charlie Kelly. Thank you very much. 20 minutes to go ahead of the closing bell. Morgan Stanley reported earnings this morning shares higher little change now up by less than 1/10 of 1%. Alcohol weighs in after the closing bell, A on the ticker down now by 1.5% stocks declined. We're off session lows, though Treasury yields turn lower again. As Federal Reserve chair J. Powell's persistent dovishness raises concerns about the sustainability of the economic recovery. Communication services. Energy tech shares weighing on the S and P growth favorites have led the recent rallies such as Amazon and Google parent Alphabet. Drop from recent records, sending the NASDAQ 100 Index lower as that 100 down now, by 7/10 of 1% as that composite Index down 14 also down 7/10 of 1%, the S and P Down 14 Down three tents. Dow Industrials Up 45 Higher by about 1/10 of 1% 10 years 15 30 seconds 10 Year Yield 1.29% Right now we've got gold up 1/10 of 1%. Up to 30 the ounce to 18 29 and a retreat against crude West Texas Intermediate. Now with the 71 handle down 2.2% 71 54 barrel new covid cases in Tokyo have reached the highest in six months, about a week before the Olympics are scheduled to start health professionals in the U. S. Meanwhile, keeping an eye on rising covid cases amid ongoing concerns about people who haven't or won't get the vaccines. Dr. Jennifer Nuzzo is a senior scholar at the Johns Hopkins Bloomberg School of Public Health. Any time with the trends headed in the wrong direction that makes me nervous, regardless of what the numbers are, because it, you know Shadows. What could come and we need to act early because we don't want to have set back. You don't want to go back to where we were now. I don't think we will, I think. Fortunately, vaccinates rolled out its you know. A decent quantities will prevent us from going back to what it was like black winter. But we shouldn't be even headed in towards multiple week increases when we have tools on hand for that doesn't happen it Jennifer News o of Johns Hopkins Bloomberg School of Public Health, which is supported by Michael R. Bloomberg, founder of Bloomberg LP, and Bloomberg Philanthropies. Mixed day for a lot of the vaccine stocks we track fighter, For example, up 3/10 of 1% It's German partner Biontech the eight ers. They're up 4.2%. AstraZeneca's 80 Yards down 4.5% Madonna surging by 5.3%. Johnson and Johnson lower by 1.2%. 1 MORE covid Note. New York City's Marriage Bureau will reopen on Monday, 16 months after the city closed the department at the start of the pandemic. I'm Charlie Palette that there's a Bloomberg business Flash. Thank you, Charlie Pellet. This is Bloomberg. See whether Oh, is this? Um, Is this in the nineties from the nineties? No, Okay. Quite not older or younger Olders. I'm glad you were. Let's put it this way. When I asked our producer Paul Brennan about it. Yes, he knew the song. He's pretty young guy. Yeah, but you know, yes. Certain musical tastes. It does have certain. You know, I hear he listens to a lot of Celine Dion. Alright, Well, that's not Celine Dion. No, it's not. It's not. Um anything. Well, I'm thinking.

Paul Brennan Charlie Pellet Amazon Michael R. Bloomberg Celine Dion Charlie Palette Alphabet Google AstraZeneca 2.2% Tokyo 5.3% Jennifer Nuzzo Morgan Stanley 4.5% Olympics J. Powell 1.2% Bloomberg LP Charlie Kelly
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 1 year ago

"paul brennan" Discussed on Bloomberg Radio New York

"Step to living a more climate, family life at home, starting with how they smack. Yeah, Exactly. Now listen. Like we said, you know, everybody's kind of looking at it and looking at the transparency. What do you make? I've just gotta ask you because you were the first black woman to head a unicorn company, and I think about some pizza. In a week where we sea door Dash and Airbnb and just you know, these IPO's just going off the charts. I mean, what's What's the environment like right now for startups. I think it's a really incredible time to be starting a business, particularly one that's focused on sustainability and climate change. I just came off of a C Plus raised a couple of weeks ago, and I'll tell you even versus being in market Reason Capital a year ago. The interest in climate attack, and the interest in this space is is much greater than it was even 12 months ago. Yeah, Interesting. Climate Tech. Yeah, I agree that there's a lot more momentum out there. Hey, Julia, Be sure to stay intact to love to know how things are going. Julia Collin, she's founder and chief executive officer at Planet forward, joining us on the phone from San Francisco. And that's going to wrap up our Friday here on Bloomberg business, we'd be sure to check out Bloomberg Business Week on the weekend. We tease a little bit of Gotham Greens, one of the co founders there, but talked a lot about the virus with the head of North well, health. On Also the cover story by our own Cynthia Koons, really talking about the childcare crisis that we're seeing here in the United States? That's not only difficult for parents but also talking about How it is really holding back our U. S economy in general, so really something to check out just a reminder of how we closed on this Friday. Dad Jones Industrial average just up a hair up about 47 points S and P just down about four points. And the NASDAQ a loss of about 30 points, But we did see Theo s and P down for the week. Overall system selling certainly there. We've got a great Bloomberg Business Week team headed by our own producer Paul Brennan. And are you two producer Ari of Gami, but it takes a lot of people, including Mr Comey, who's directing us on this Friday. So our thanks to all of them have a safe we can everyone success has gotten a lot more complicated. They've since matured. Very rich holds hosts Masters.

Bloomberg founder and chief executive of Climate Tech producer Airbnb Julia Mr Comey Cynthia Koons Reason Capital Dad Jones Industrial San Francisco United States Masters Paul Brennan Theo s
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:17 min | 1 year ago

"paul brennan" Discussed on Bloomberg Radio New York

"I'm going to go to this. Did you like? Did you have to do a little research? It popped into my head when I was tryingto Tell our producer Paul Brennan what I was going to pick. So you know that Paul do one of those like wood. No, actually not. I don't know that he was familiar with it. But then again, the class certainly had their day in the lake has rocked the Casbah. Yeah, that was their big hit. Absolutely one of them anyway. Should I stay? Or should I go? Was another one. Also really good. Remember dancing to that one? Alright, so has to do with guns. I said everybody. We teased it earlier than it has an election theme. So what you got for us in the chart? Well, that's enemy. Think about what's happened this year. And, you know it hasn't been police and thieves necessarily. It's been more like police and protestors. You know, when you think about what's happened in major cities, you know, with the deaths of blacks at the hands of police and all the protests there, and you know the police response to that, you know, I mean out of that. We've seen the makers of guns and ammunition have quite a year in the stock market. We look at Smith and Western brands. The shares of more than double At least they had through Friday. The company was also went outdoor equipment spun off that business in August. Then you have this. The outdoor, which supplies ammo along with, you know, sort of outdoor gear it shares had also more than doubled. Through Friday. Similar story at Sturm, Ruger. Another gun maker up 42% through Friday and bear mine did over this period. The Russell 2000 index that they're all part ofthe right fell for the year. So it really shows you It's an outsize performance and what particularly got my attention? Start? Burger had Ernie's out last week and in the statement that accompanied the results. They're CEO Christopher Kill. I talked about You know how the demand for the company's weapons was fuelled by civil on rest, and calls to defund the police, among other things, mostly related to the Corona virus, But anyway It just goes to show you that this sort of law and order issue that's come up during the election has had a definite effect on the performance of these companies. Now we should know. That they're all trailing the Russell 2000 since President Trump was elected in November 2016 so it's a very different situation if you look back four years You could argue they're playing a little bit of catch up. But what you can argue is that this year's performance is really outside. If you want more folks sent me an email getyou to chart the explanation that goes with it and everything I do going forward. The email address is Di Wilson at Bloomberg dot net. That's Di Wilson at Bloomberg dot net. You know, Dave, I was just watching a piece over the weekend, and it was about women specifically buying guns, and they're just saying that it's a lot of it has to do with nervousness about some of the unrest that we've seen around the country, you know, hitting major cities and it was a national thing and that there are a lot of women out there increasingly buying guns. But I love watching the gun companies because right often when there's concerns about a shift In politics are shifted. And maybe who's in charge that when there's concerns of, you know, maybe a Republican be there out of a position that that people run out to buy guns ahead of maybe some policy changes, right? Just concerned that you know the restrictions on gun ownership, maybe ratchet it up. You know, in terms of waiting periods or all the rest, and it certainly has its effect from time to time, and this year you can see how so the unrest that has been happening, as had an effect on the gun industry and the ammunition industry as well. Yeah, good stuff didn't tell everybody where they can find the chart. Yes, you did. Sorry. I am listening. I'm just it's okay. I was thinking of you over the weekend. I listen to satellite radio, and there was the Springsteen channel and the right. Absolutely. With that new album letter to you A lot of interest in Bruce. Alright, we'll see in a little bit, Dave. Thanks so much. All right, Let's get back to roll the national news back over to Nancy Lions in.

Christopher Kill President Trump Paul Brennan Dave Di Wilson Sturm producer Ruger Nancy Lions Bruce Russell Burger CEO Smith Ernie
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:14 min | 1 year ago

"paul brennan" Discussed on Bloomberg Radio New York

"24 hours a day on air at on Bloomberg Quick take powered by more than 2700, journalists and analysts. I'm to these Pellegrin and this is a good book. Denise. Thank you so much Well for our final edition years in mind together, but not the final edition of Bloomberg BusinessWeek Extra podcast this week. It features Academy Sports and outdoor CEO Ken Hicks Love talking. Then the company going public, his thoughts on retail and this little snippet. You can hear the whole thing our podcast feed. He talks about one of the reasons that the stock has stumbled out of the blocks. I was a die hard customer of academy growing up in Houston. A lot of money over the years that outlet so can it's really nice to have you with us. How great to be here. Well, thank you for shopping at academy. Listen, I did what I could I live in New York now, so there's that there's less I can do, But so if I may ask, you guys went public Last week, $13 a share was taken. Public by the private equity firm Cake. Are the stock open below that price. I think it traded around 13 maybe little bit above it today. Were you disappointed by the pope? Is there some part of your story that you think investors aren't completely understanding? I think the biggest issue is we don't have enough. Jason's in the world. Well, that way all goes without say, that does go without saying that I have to say thank you to our producer Paul Brennan, who put that edit together, putting together a couple different snippets from that conversation, But he did say, first of all. Cause I'm feeling very sentimental because this is our last show together here on business week, But there aren't enough day since in the world to shop at those stores, the chef of the stores just to make the world even better. Well, they're probably some people who violently disagree, but maybe other to agree, and Debbie Kelly agrees with, you know, but it's a really interesting conversation because he does does go into this notion that They are. Investors essentially don't understand maybe fully what is ultimately For the moment, a regional brand on so they don't understand the customer right and he talks about Omni Channel. But he says people still come into that they order online, but they come into the store and you have to have it. So check out our business Week. Extra podcast at Bloomberg dot com or wherever you get your podcast. It is a very smart conversation. This's Bloomberg Need more Jason. Ahead. Bloomberg BusinessWeek is brought to you by National Realty and are a developers of high return income producing properties for investing partners. See them again are a Not completing high school is one of a social thing, but it was an academic thing. I came out in the 11th grade. Nobody was embracing you kids were cruel. It was very difficult to be game. Even all these years have passed. I still had that longing to have. The hard part was Determining that I was gonna do it, But I definitely didn't do it on at age 30 With the help of her mentor, Carisa finished her high school diploma. Have a mentor Maria. She convinced me to continue my education and finish what I started to.

Bloomberg Bloomberg dot Jason Pellegrin Academy Sports Denise BusinessWeek Paul Brennan Maria Carisa New York Ken Hicks Debbie Kelly Omni Channel Houston CEO producer National Realty
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 2 years ago

"paul brennan" Discussed on Bloomberg Radio New York

"Dr Anthony Fauci. Is calling for a unified message and guidelines from the federal government for reopening schools. Guys, I just lost everything here, So I'm going to throw it back to you. Alright at Baxter. We have everything we took it from me. I'm just getting in case it happens in this environment. Listen, we have been incredibly fortunate throughout all of this to not have a huge number of technical difficulties. We were talking about the fact we do this for six months now. That kind of amazing. Yes, you know it And you know, it's funny that you say that because I was talking with one of our members of the Bloomberg community about this whole idea of, you know, individual a does have things I can't tell you what there was a Paul Brennan. No, it wasn't Paul, but it's but it's this whole concept of time. I feel like I've been having a lot of conversations. Actually, that concept of time, like initially felt a little slow, and it was Lacking and it was kind of weird. And then it just feels like months flew by and here we are at September, and yeah, it's kind of crazy, you know, and I was asking somebody that I was talking to you earlier about, you know, sort of their prediction for the school year and different things were happening. What he said was look in terms of anything normal. You really What he said is the bit ass spread is march to June of next year. He's like that's really what we need to be thinking about in terms of vaccine testing normal life. Right a year from now. Essentially unless little little us. But I mean, think about the idea that like we've been going through this for six months, so we need to do it for another six. Probably this is number What would you say is and Bloomberg We know a lot of financial experts is a former president of the European Central Bank. Your global financial warriors is a classic textbook a lot of political experts if you were advising the president states. What's the thing that he's not doing that he should do it? Lucky for you. We know a lot of science experts to you talked about those re agents, which are necessary for the testing. It's also the behavioral, psychological.

Paul Brennan Bloomberg Dr Anthony Fauci president European Central Bank
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 2 years ago

"paul brennan" Discussed on Bloomberg Radio New York

"As you say, ripped from the script. All right, Chris, Paul Mary, You're such a gentleman Tow hop on the phone with us amid all this breaking news that caught our attention, And as Scarlett's very rightly said, we both immediately jumped into an ivy chat with our producers. That basically said, Get us fall married so really glad. You could join us Have a great weekend. We know you're gonna be working on this story for a bit. Well, that is just about going to do it for us on this very, very busy week. Scarlet Fu. What a treat. This is so much fun to hang out with you for the week on the air. Think about how often you talked about hockey this week. I know seriously talk about hockey like that. Come on. She does not. She definitely does not. Yeah, we definitely over indexed on sports in a way that I loved while you were here and listen, we got to You talk about the Fed. We got to talk about, You know, the biggest earnings day, courtesy of Tamas on Facebook and alphabet. All on one day That's unheard of and we survived. We did that as well. So ah, lot of good conversations. Check out our podcast feed because you'll hear a lot of conversations. You know, one of the ones that I really love that has really stuck with me. Is Dr Marcia Chatelain from Georgetown Hoyas sacks of writing that great book that you pointed out about McDonald's and its role in creating black wealth and sort of the complicated relationship. It's had with black America. So my thanks to Scarlett, who also want to thank our team. Our l A Gami. Charlie Volmer. Donny Hollie! Bob! Drag. Chris, Try Comey. Reg Braziel. Tim hero, sir, lives the Paul Brennan, who's taking a much And well deserved vacation. Carol Master, She will be back from her holiday on Monday. My thanks again to scarlet food. Thank you, Jason. Thank you. Everyone. A pleasure. Really, Really fun. Hope to have you back soon. In the meantime, check out our weekend Bloomberg BusinessWeek show. Check out the business of sports podcast. Lots for you to listen to If you're on the road at the beach hanging out whatever you're doing for the whole team here at business Week, and Bloomberg have a great weekend, everyone Jason Kelly, it's Boomer. You've heard the phrase the voice of experience. There's actually more than one of them. It's really offensive and company..

Scarlet Fu Scarlett Bloomberg Jason Kelly Chris Tamas hockey Dr Marcia Chatelain Donny Hollie Charlie Volmer Georgetown Hoyas Fed Carol Master Facebook Reg Braziel Paul Mary Paul Brennan Tim hero America Bob
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:34 min | 3 years ago

"paul brennan" Discussed on Bloomberg Radio New York

"In our Bloomberg interactive brokers studio, like everyone in New York very much missing us. I know we'll be back before too long guys. Nobody dry your dry your eyes, Alex, especially you Karl. We know we feel Carl sitting and Carol C. So, yeah, we're mixing just got real this agenda retraining places securities trading places. All right. So let's talk a little Stephen Moore that obviously is far and away the big story. Among folks, watching the fed world the economics world today car. What do you make of it? Well, there was a lot of questionable commentary that kind of loaded the made it a very loaded fed pick. So, you know, President Trump is clearly trying to go in a different direction with the fed nominees and really kinda go outside of the conventional realm. Both of his picks Herman Cain and Stephen Moore fell through. But that doesn't mean that we won't see more kind of contrarians nominated for these positions. I think he knows he can't go to outside of the lane going forward. But that does not mean we're going to see some group thinkers nominated to fill these vacancies. And of course, the news is that of Stephen Moore that was one of President Trump's pick for the Federal Reserve Board of governors is pulling out of consideration for that job. We caught up with him Bloomberg television caught up with him today in an interview. Here's what Stephen Moore had to say, I I would probably be in favor of repealing that rate hike, which was what I think twenty five basis points. I I'm not so sure I agree with the White House that we should cut rates by in untitled percentage point. I mean, I don't I just don't see the case for that right now. All right. So Stephen Moore today to interview on Bloomberg television. I mean or before he. He pulled out. Yeah. So I mean, you know, it's funny. Our producer Paul Brennan kind of saying, you know, you do wonder this guy not want the job. And that's why he said something like that Karl I think that it was becoming very clear to him that he was becoming radioactive as a choice. And so it was kind of you know, agreement you know, he said if he became radioactive he would withdraw. He didn't want to cost a Senate seat by continuing with his candidacy. So I think maybe a mutual agreement between both him in the White House. But I mean that is very strong medicine that the president is suggesting the fed follow in term Ray. Now, not only the rate cut shore where in a mature cycle. So, you know, moving rates won't have disastrous economic consequences, although that will further stimulate things like auto sales and housing which you may need to stimulate in the next economic cycle. So there is a case. Be made at this stage of the game to keep the powder. Dry. And when you're cutting rates by a full percentage point, you're not keeping the powder. Dry. More. Disturbing is to go back into QE, right? The the economy does not need quantitative easing at this point in time. We don't know fully how that tool works or what the upside limits are the fed can't expand its balance sheet indefinitely, and if we're using QE now than when a recession does eventually come. We're going to need a lot more QE, and we could go dangerously close to the limits of what the fed could administer. And we don't have a concept of what that upside limit is will know when we get there. And when we get there, it won't be pretty so Alex come on in here because the market what is it saying alternately about what the fed said, and what may happen next as especially as we sort of digest what we heard from chair Paul yesterday. Okay. Well, first of all in terms of what chair Powell's said yesterday. What we're seeing today is a lot of those bats that traders were making the front end about rate cuts. Those are getting pushed out so you're seeing you're seeing a bit of a rinse out of some of those who thought that would be you know, the ever be cutting rates by the end of the year. So those are getting pushed out bit in terms of what Karla Sahin about QE. Let's not forget that at some point. Once the fed has found that level reserves that it's comfortable with that. It's going to do what it can to keep that level steady. But currency's going to continue to grow liabilities are going to continue to grow and the fed has to come back in and start buying treasuries. Again that in my book. Yes, in might not be, you know, considered stimulus. But and we're not at the lower bound that's still QE you're still coming in to buy treasuries and Liz McCormick. And I are working on a story very much about this issue, which is at what point is the fed actually. Have to come back in and start buying treasuries. And a lot of people are saying that's twenty twenty issue. But there's a very big risk that they could end the balance sheet on wind on the treasury side in September and October. They're buying treasuries. Because there's a lot of issues now that are going to stress the front end they're going to stress the fed funds rate, it it's really going to test the funding markets, and they might have to be coming in here in order to stabilize it could be treasuries by the end of the year curl UC that well, there's an important distinction here. Because absolutely the economy grows fed balance sheet is going to have to grow with the fed has made that that clear, and that's going to be mean, adding more assets presumably treasury, so what my colleague is describing here. Could be called QE the fed and treasury will not call that QE. Even though I would tend to agree that if you're buying assets that's quantitative easing. So we'll call it QE. The fed will say absolutely not that it's not QE. All right. Well, thank you both so much Alex Harris reporter for Bloomberg News Corp chief US, economists skews me for Bloomberg. I can't even say 'cause you're sitting carols jerem, so distract trading. Places security. So we should also mention that Bloomberg's Mike is going to be sitting down with Cleveland fed president Loretta Mestre tomorrow from the Hoover institute policy conference. We're gonna carry that live at three PM Wall Street time on Bloomberg radio and television, so relevant. 'cause it'll be interesting to say, especially when you just hear the debate we got from Alex and from Carl it'll be interesting to see what she has to say about some of that. And also coming off the jobs report and kind of where we are coming up the fed meeting. You know, you just saw the market reaction to that meeting. I it was dovish than not so much. So I think we need some clarification, and we'll get that from that conversation. All right first. Now, let's go to moon. He's got some world and national news kitchen, Carol. Thank you president Donald Trump's selection for the federal. Reserve Board of governors even more abruptly pulled out of consideration for the job today. President Trump's announcement on Twitter came just hours after Moore had insisted the Bloomberg news that he was all in for the central Bank position. I sure am. And in fact, this is going to be probably three month process. So a lot you know, what the situation today, I think is going to be a lot different three months from now. When I go before the Senate and the banking committee in the full Senate. So I'm not too concerned about this Moore, then cited unrelenting attacks on his character that he said, we're untenable it's not clear what happened to make him change his mind between the interview and the letter to President Trump Trump said in his tweet that he is asked Moore to work with him toward future economic growth in our country. Vice President Mike Pence put his focus on recent attacks on worshipers today as the White House hosted a national day of prayer service in the rose garden. No one should ever fear for their safety in a house of. Worship in America or anywhere in the world. Spoke of the power of prayer to get through difficult times. President Trump at it something else to the list. People say, how do you get through that whole stuff that you go through those witch hunts and everything else, and you know, what we do like, we just do it. Right. We think about God. Among those in attendance, rather us real Goldstein who spoke about the deadly shooting at his San Diego area synagogue last weekend. The way we act darkness is with light. It was that moment admitted decision. No.

fed President Trump Trump Stephen Moore Bloomberg president Alex Harris White House Bloomberg interactive brokers Senate Karl Carol C. Paul Brennan Herman Cain Mike Pence Carl New York Vice President Bloomberg News Corp treasury
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:55 min | 3 years ago

"paul brennan" Discussed on Bloomberg Radio New York

"His stock of the day, watch water technologies say fifteen times go ahead. Identify times fast. All right. Good for you. How about keeping things walling? Can you say that? Yes. Because that's what the company says it doesn't its website. They make all kinds of valves, well as drainage and water treatment equipment. Watts was founded in eighteen seventy four by Joseph watts to supply parts to way when tex- north Andover. Massachusetts is deed company. Went public in one thousand nine hundred eighty six to ticker is W T S wants water shares climbed almost six from March two thousand nine hundred last August when they peaked at a record then they retreated as much as thirty four percent watch water began rebounding just after Christmas the recovery gain momentum after the release of fourth-quarter results late yesterday earnings beating advertisements in Bloomberg survey beyond that watch water settled by back as much as one hundred fifty million dollars a stock may not sound like a lot. Here's the thing though. That's fifty percent. More than the company decided to repurchase in its most recent program set up back in twenty fifteen two point eight billion dollar almost two point eight billion dollar market cap said it's pretty significant talking about maybe six percent of the shares at least at yesterday's closing price today whole different story, but watch waters results and buyback plan sent the stock to its biggest gain since November twenty eleven the shares rose almost thirteen percent on the day. You know, what our producer Paul Brennan would say about that company's results. Sol solid, solid wouldn't say like wicked good. He might save wicked good to us in despair. My favorite part solid. David Wilson have a great weekend that we appreciate your help. David wilson. He's our market and stock market columnist. He's so many things let's.

David Wilson Joseph watts Massachusetts Andover Bloomberg Paul Brennan producer eight billion dollar one hundred fifty million doll thirty four percent thirteen percent fifty percent six percent
"paul brennan" Discussed on The Paul Finebaum Show

The Paul Finebaum Show

03:25 min | 3 years ago

"paul brennan" Discussed on The Paul Finebaum Show

"But as I said, they're still not giving up on the transfer market for quarterback with a little bit more experience. But it's possible here. Whether it's from choice or just by force auburn's going to have to go the route of a freshman quarterback at set of exploring the transfer market as they have done year after year seemingly and maybe it'll work, but I think smells on obviously knows he's got a win. Next season's remain the coach for an eighth season. He's got a very good defense. It's just the quarterback position is such an important spot. And I think that's why you're seeing him going after these graduate transfers like us was nine wins realistic. But let's talk about the schedule as we wrap up Oregon, which did retain, Justin. Herbert the usual odd years situation with Georgia and Alabama at home that worked the last time out, but they will be two of the top four teams in the country at am at Florida at LSU Georgia and Alabama with Oregon at the beginning. And you see the possibility of nine wins there where? They're going to have to get to nine wins. I think it's possible. I think their defense away it's playing we'll give them an early edge potentially against Oregon as Oregon, obviously, they have Justin Herbert, but he's shown some some hesitation in some of these games that get some really good defenses. Just look at their last bowl game by if Auburn were to start that season, honestly with the loss to Oregon, then all of a sudden, you're going into a situation where Gus malzahn, probably cannot lose more than two more games the rest of the way, it becomes difficult. But the fact of the matter that they get Georgia and Alabama at home. I think Georgia is going to be beatable for over next season. That's going to help them out. But as you said trips to Texas A&_M, and to Florida all of a sudden that especially the Florida game looks so much more difficult, and that's going to be an interesting thing to see when it comes up. But I I get through saying Georgia. Looks beatable. Yeah. I think so I think they've lost enough guys right now that they're in a spot where I think a team like Auburn with the talent they've got coming back on defense can stop them offenses and be able to win a game against Georgia even that late in the season barring a bunch of injuries. But during Georgia is beatable going into next season. I don't necessarily believe they're going to be as good as potentially this past season the loan two seasons ago when they were the national championship game there online one Brandon. Hey, thanks as always fantastic conversation. Always great to Chit chat with you. All right. Thanks, Paul Brennan Marcello saying Auburn could possibly get to nine wins. He thinks Gus malzahn needs. But man, that's Gadul. Am in Florida early on Oregon in Texas with Justin Herbert. At LSU. Georgia and Auburn and Alabama, man. Auburn's gotta tough schedule. Thank you. For listening to the Paul finebaum show podcast. The Paul finebaum show airs weekdays on the SEC network beginning at three eastern..

Georgia Auburn Justin Herbert Oregon Alabama auburn Florida Paul finebaum Gus malzahn LSU Paul Brennan Marcello Texas SEC Brandon Gadul
"paul brennan" Discussed on The Paul Finebaum Show

The Paul Finebaum Show

04:16 min | 3 years ago

"paul brennan" Discussed on The Paul Finebaum Show

"But I think it's enough to keep Gus malzahn afloat going into say an eight year, especially with as much young talent as he's been utilizing this past season and again going into next season lobbies guys are soft Moore's and when they're so young at the quarterback position anything can happen. You can go one of two ways. Obviously Trevor horri- is an amazing quarterback. I'm not comparing anyone offered has to him. But I think smells on sees that this idea that you have to hold back on a freshman quarterback is necessarily the case anymore. If you believe in the guy, and he is a true freshman. And a lot of experience be just has that moxie about himself. Your throw them in the fray, and I think that's how they feel about though next live long been saying that long it's feeling that we'll see. But as I said, they're still not giving up on the transfer market for quarterback with a little bit more experienced, but it's possible here. Whether it's from choice or just by force auburn's going to have to go the route of a freshman quarterback instead of exploring the transfer market as they've had done year after year seemingly and maybe it'll work, but I think mouth obviously knows he's got to win. Next season's remain the coach for an eighth season. He's got a very good defense is just the quarterback position is such an important spot. Not think that's why you're seeing him going after these graduate transfers like us was a nine wins realistic. But let's talk about the schedule as we wrap up Oregon, which did retain, Justin. Herbert the usual odd years situation with Georgia and Alabama at home that worked the last time out, but they will be two of the top four teams in the country at AM at Florida at LSU Georgia and Alabama with Oregon at the beginning. And you see the possibility of nine wins there where? They're going to have to get to nine wins. I think it's possible. I think their defense the way it's playing we'll give them an early edge potentially against Oregon as Oregon, obviously, they have Justin Herbert, but he's shown some some hesitation. And some of these games that get some really good defense is just look at their last bowl game. By if Albro were to start that season, honest with the loss to Oregon, then all of a sudden, you're going into a situation where Gus malzahn, probably cannot lose more than two more games the rest of the way, it becomes difficult. But the fact of the matter that they get Georgia and Alabama at home. I think Georgia is going to be beatable for over next season. That's going to help them out. But as you said trips to Texas AM, and the Florida all of a sudden that especially the Florida game looks so much more difficult, and that's going to be an interesting thing to see when it comes up. But I. Get through saying Georgia looks beatable. Yeah. I think so I think they've lost enough guys right now that they're in a spot where I think I'll team like Auburn with the talent they've got coming back on defense and stop them off incident and be able to win a game against Georgia even that late in the season barring a bunch of injuries. But I think Georgia is beatable going into next season. I don't necessarily believe they're going to be as good as potentially this past season the loan two seasons ago when they were the national championship game there on line one, Brandon. Hey, thanks as always fantastic conversation. Always great Chit chat with you. All right. Thanks, Paul Brennan Marcello saying Auburn could possibly get to nine wins. And he thinks Gus malzahn needs. But man that's scheduled. AM in Florida early on Oregon and in Texas with with Justin Herbert. At LSU. Georgia and Auburn and Alabama, man. Auburn's gotta tough schedule. We'll take a break mortgage phone calls at eight five five two four two seven two eight five Dan dockage in the final hour. He's doing the Auburn game tonight. You're listening to the Paul finebaum show podcast..

Georgia Oregon Auburn Gus malzahn Justin Herbert Alabama Florida LSU auburn Trevor horri Paul finebaum Texas Paul Brennan Marcello Moore Albro Brandon eight year
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:08 min | 3 years ago

"paul brennan" Discussed on Bloomberg Radio New York

"JT there. Yeah. Little J T for Armando Vinnie Catalano chief investment officer, red mount capital partners. Also, the co founder and member of Adriatic capital partners back with us in our Bloomberg interactive brokers studio, Vinnie happy new year, happy less happy for the markets today. Huge selloff. And it's something we're talking with our producer Paul Brennan. Earlier something that we feel like we're having to get used to it. This point is this where we are. Or is the market just as we say just working through some things what's going on. I think market is struggling with a lot of information. This is pretty low. Sorry. No, no. That's okay. I felt like I was in the Grand Canyon. Thank you. Now the market. This is long overdue. Let's start with that. Okay. Margaret was grossly overvalued now. It's only moderately overvalued. But it's still is overvalued. And right now what you have is. You have a a major market correction in anticipation of what? Well, it could be a recession. But if it isn't a recession, then the market correction that we're going through is pretty close to average right now. Yeah. Sixteen percent from the high S and P five hundred from September. Twentieth. And that is historically the average of the last five market corrections without a recession. I think it was sixteen point four percent of the numbers on is that what you think we get a market correction. Are we already have a market crash recession? We don't without a recession. I if I had if I had to put forth, my best guest on what this market is doing is that the market is corrected down. From an over over valued condition. It's now it'll level that it's more normal. Without a recession coming now, what will the market likely do from this point going forward over the next number of months likely to stagnate around this level, it should it should stagnate roughly around his twenty four hundred twenty five hundred level for the SNP trade around this level for a while. And then see are we going to have a recession because professional investors are not concerned about politics that can turn concerned about the impacts to the valuation model, which is earnings and interest rates, and until you see that. Okay. Professional investors in day on the market. They're not likely to pitch stocks overboard, so tomorrow morning, we're going to hear from Jay Powell, he's down in Atlanta for the American economic association meeting speaking alongside former fed chair, Ben Bernanke, he knows a thing or two about some of the things we're talking about Jay Powell finds himself in. I think the technical term is a pickle here. Very much. What does he do? What he has to do is continue to raise rates as long as the economy can sustain that. And not and not have a negative impact the stock market notwithstanding. Okay. As long as the economy can continue to grow to a degree and even a moderate rate. No matter how much ranting and raving you get from politicians. He should continue to raise rates because as we talked about a while back when we now Jason Furman on the program. Right. And in fact, Marty Feldstein not like mind like Jason Furman, but came to the same conclusion in a recent commentary that he wrote you need roughly about five hundred basis points five percent for the fed and the fed funds rate to offset a recession, so. Wow pickle. Yeah. Bigtime pickle. If we had an economic downturn going into next year. It would really be a problem where do you go from two and a half two zero from zero to right now, the fed doesn't really have enough room. If we started recession. That's what do they need to be at five. They need. They need to be a five said that's a big move. That is a big move. Jason wrote about it. Marty Feldman wrote about it. It's something that you really don't hear a lot talked about. Okay. Yeah. A lot of talk about it. You know, Fed's independence agree. Absolutely. Greg fed should be independent. But they're they're in a bit of a bind what was announced just a few minutes ago about the money flows into the ten year treasury two point five six I mean, that's like a this number. Not good. Why why because it tells you what? Well, one of the things that it tells you that it leaves less of a cushion it emerged to yield curve even further causes problems. It's interesting Vince signal let me see if I can find my message from him earlier, but he was talking specifically. Version he said the two years joined the threes in the five trading below the effective fed funds rate for the first time in ten years as he says something fun to know, but something protect perhaps ominous. That's correct. And and I would agree that it is an ominous sign you don't want to see the outcome going in in that really super negative direction. Absolately not. So as an investor what do you do? I gotta think you've got clients and friends and other market watchers calling.

fed Jason Furman Ben Bernanke Armando Vinnie Catalano Marty Feldman Greg fed Jay Powell chief investment officer Adriatic capital Marty Feldstein Bloomberg interactive brokers Paul Brennan producer SNP Grand Canyon co founder Margaret
"paul brennan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 3 years ago

"paul brennan" Discussed on Bloomberg Radio New York

"Right. Dave. You're. My name is Dave. Doing. Dave Wilson back in the house in our multi media studio. He's Bloomberg stocks columnist, and he's got a stock of the day, and it's universe. That's right. It's a company that provides business uniforms and janitorial supplies there were founded in one thousand nine thirty six in Boston there now based nearby in Wilmington, Massachusetts universe has been publicly traces nineteen eighty three the ticker is you an F the company shares climbed more than nine fold from March two thousand nine through last June when they peaked record since then universe has given back about third of its game. The retreat accelerated today after the company released fiscal first quarter results universe performance. Last quarter. Wasn't the issue earnings beat the average analyst estimates? In a Bloomberg survey. It was the company's outlook that causes concern universe. Lowered the upper end of its fiscal year sales forecast by fifteen cents a share to six dollars and ninety cents. The company cited increased labor costs along with their accounting charges for wear and tear on its uniforms. The revision sent universe. Shares to a loss of seven point seven percent. That was the biggest drop for the stock since October twenty six that's interesting has gotten no debt on its balance sheet. And it was just like a little bit at earnings breath. I mean, it's shown some really significant earnings growth year over year revenue growth looks like it's been slowing though. Right. It's competing with the likes of cintas which bear company in the S and P five hundred. So maybe doesn't get so much attention. Because of that lately, though, the stock is definitely been pulling back. The second best thing to come out of Wilmington the first being our producer, Paul Brennan. Dave wilson. Thank you so much for bringing us that stock of the day. We'll see you tomorrow. When you help us make sense of this always increasingly volatile market. Let's get some world and national headlines.

Dave Wilson Dave Wilmington Bloomberg cintas Boston Massachusetts analyst Paul Brennan producer seven percent six dollars