19 Burst results for "Paul Singer"

"paul singer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:17 min | 2 months ago

"paul singer" Discussed on Bloomberg Radio New York

"Using cigarettes for exchange And when they take your brand away there's not much you can do It's painful But that's what it's like with these addictive I haven't had any Copenhagen for ten days So I'm on a streak here Thanks very much for that Greg Jarrett with your Bloomberg business flash Let's get back to what's going on in Russia especially as it is affected by the markets Yesterday Fitch put out a warning saying a Russian default is imminent Damien sass hour is here Chief emerging markets credit strategist for Bloomberg intelligence And Damien I would think there are a number of reasons why I'm surprised they haven't defaulted already What's the story because they can't pay they can't pay dollar coupons right Yeah Matt well that's exactly right I mean Russia I mean look the reality is Putin doesn't want to pay in the west doesn't want their money right now So a default I agree is inevitable but it may not happen imminently because there's a lot of things that have to be taken into account for one grace period Most bonds most dollar bonds certainly have 30 day grace periods So they can stretch this out But in terms of what we're looking at here on the 16th of March we have a 117 million of coupons owed by Russian bonds to the nominated in dollars If they don't make those payments the 30° period will kick off on the sovereign right So that's kind of the D date there For other Russian corporates such as gas prom and Ross left interestingly enough Gazprom made a $1.3 billion principal payment on Monday In dollars In dollars Exactly And Ross was they were supposed to make a $2 billion principal payment on Sunday Monday and it looks like they're going to make that payment today now A lot of speculating well why would they do this right Especially if Putin is probably not looking very favorably on them for paying dollars away from the economy that's so desperately in need of it Well the reason is the money is sitting in a hold co operating offshore and chances are they weren't allowed to bring those dollars in because clear stream a year clear or the payment authorities wouldn't allow them to transfer the funds back to Russia right So they had one of two options It sits there and eventually they go into default and creditors can get at it anyway or they make payment on time and they avoid the fault for that much longer so it's probably the latter Explain to lay people what happens if you default because you know I was looking yesterday at the story the airplane story right Russia has taken $10.3 billion worth of airplanes that less stores are trying to get back And I thought this is irreversible Even if they somehow get out of Ukraine even if they apologize for everything they've done no one's ever trusting those airlines again right Because insurance is going to kick in and have to lose 10 billion That's like a hurricane money How irreversible is a default for a country I mean especially with what we've seen happen in Argentina or Venezuela How long does it take to bounce back from that Matt this is where the slope gets very very slippery This is why you can't compare a lot of these dollar bonds that are issued by Russia to what's happened in Argentina And Jay Newman who is the portfolio manager under Paul singer at Elliott highlighted this just the other day The fact of the matter is Bond jurisdiction doesn't explicitly submit to UK common law for many of these bonds So what's the court system that's going to rule in the event of a restructuring or a default If Russia insists that the jurisdiction is Russia well the Russian court system is probably not going to look too favorably on credit operating in America who want to basically have at their underlying assets Similarly if it was UK common law Russia is going to push back on that And it's just going to stretch out these restructurings ad nauseam So Jay Newman rightly points out this is closer to Venezuela than it is to Argentina And if you look at where some of the bonds in Venezuela are trading I mean you can't really check the pricing because they don't trade anymore They're sanctioned They're treating it like four cents on the dollar So we are really talking about no recovery for creditors in Russia here That's what I'm sort of trying to establish from a credit perspective Have they crossed the Rubicon I mean there's no going back right Yeah Well I mean there is going back but the timing is it's just such a tight window here I mean I have to believe that the default is eminent And look I mean this is kind of it's just being magnified by the fact that the rating agencies S&P Fitch and moody's have downgraded Russia to what triple C double C single C I mean they're all indicating default And they've all been removed these bonds have been removed out of the JPMorgan and Bloomberg major bond indices I mean you know Russian equities have now been removed from the MSCI and so forth the FTSE So you know it's already begun and for all intents and purposes yes you're right The bonds are trading as if they're in default Default swaps are pricing in an 85% probability of default So yeah it doesn't look good Right There's no F rating Is there You know I've lost often thought that they should have an E F and G rating the way the way things are looking for I look at RA TD go on the Bloomberg to figure out what's going on there And you can see that we only get to C minus and then you go to WR withdrawn What about Ukraine What's the situation with those debts Because you'd think creditors would be more.

Russia Greg Jarrett Damien sass Bloomberg intelligence Jay Newman Putin Ross Fitch Argentina Venezuela Matt Damien Copenhagen Paul singer Gazprom Russian court
"paul singer" Discussed on Liberty Talk FM

Liberty Talk FM

05:29 min | 1 year ago

"paul singer" Discussed on Liberty Talk FM

"You know that he deliberately suppressed the crisis off precious metals such as gold and silver to keep the U. S dollar low? Did you know that they've been doing it for decades to keep the dollar high to keep the dollar price of silver and gold low? In fact, I've actually heard that the Wall Street bets that read it that we've been talking about the people that have been doing this purchasing of the Gamestop Rumor has it. They may be pumping up the price of silver. Next, what they claiming is that these hedge Funds have been shorting silver. Aziz. Well, so placing not just the hedge funds. Everybody's been JP Morgan, as dude said, has been shorting. They've been shorting silver for decades. And that's one of the reasons that you can't get physical delivery. Yeah, so I saw rumor today. They're talking about buying up silver. Now. I don't know if that's true, because I don't know if they're putting out misinformation now to try to throw the hedge funds off the trail or what, but this is gonna be interesting to watch it. Specially if they're able to actually see where these hedge funds have placed their bets, because then they can just target every single one of those stocks or the silver or whatever that they're, you know, They're putting their their short son. Well, I would say that silver and gold are probably going to be their most fertile fields. Because I think those have been suppressed blow their natural value for a long time. Which isn't the case would say Game stop, which is actually a dying company for all For all I know Um, yeah, that's to show you how ruthless Wall Street it's just to show you out Lupus, Lloyd Blankfein of Goldman Sachs and Larry Think of Black Rock and then play their games for decades of stuff. Look at Bernie made off. He When the 55 billion from his client. What about center capitalists like Steve Colon, Paul singer Carla icon who are parasites and vultures? Uh I don't know anything about those people. What are you saying that they do? They gobble up companies. They leave nothing but the bones, leaving once healthy companies bankrupt and the workers unemployed. And why would eventually I don't know enough about finance isn't a venture capitalist. Somebody who puts money into a thing to try to make you know as an investment to try to make it away with it, But they get like bees and they get out early. So it doesn't necessarily mean that they would no matter what. Basically what you invest. Well, No, they win. Except when they lose. They go bankrupt, too. But what you're capitalists do Is they buy up companies like they might buy up game stop at the end and then take all the physical stuff that belongs to game stop and sell it to other companies because they still have you know buildings. They still have a rental or whatever. I don't know what they have, but they have assets of some sort. Maybe that eventually have to be gotten rid of her. They are greedy and evil International Jewish bankers and when before you get upset, I got to go there again, right? No, no Christian would ever do anything like this. Right? Ridiculous. This is all you ever talk about it. I'm sick of it around. There's something else we can tell you about Paul Singer. He took a healthy company Cabella you've heard of Cabela's sporting goods seventies. It was a healthy company. Look on the Internet, and suddenly the brass got their headquarters. It was a thriving company. He destroyed the company. He bought the assets up on pennies on the dollar. Employees. Stuff of employees have been left unemployed. The company is bankrupt, and he destroyed it because he made billions for himself and erect the company. On Dad. Why was he able to buy it up for pennies on the dollar? If it was such a healthy company shouldn't have other Shouldn't other people have been been wanting to buy? It is well. No, they wait to sort of stomach. They don't know how they work, and they play games with the stock price. And they made by no Scott. I mean the reason why people were able to buy up game stop is because it was dying and the reason why, and I don't know anything about Cabela's, but if it was, you know, available for pennies on the dollar that means they were near toe out of business already. You know, And maybe that's because of Amazon or, you know, other online purchasing and competition. Only thing I remember about Cabela's is that they badly screwed themselves by by irritating the gun rights community. Oh, restricted sales. Yeah, they they restricted gun sales or took guns out of there. But gun people were mad at them, which is, you know you don't huge. You don't wanna irritate the gun People know, especially when they're buying all their camping supplies from you and all the others. Stuff that they get. Thank you for the call Scott appreciate it's just, you know, I don't know why he can't see that There are plenty of people who are in search of power. There are plenty of people who are willing to wield power in order to get money. And it doesn't matter what their religious belief is or whatever they're you know, ethnicity is they're all over the world, all of them. Yeah, I've I don't get it. Either Asian people who are like that There are African people who are like that. There are Russians who are like that They're people all over the world who will take advantage of other human beings will take advantage of being able to just Just throw people's lives away just to make a buck. Those people are all over the place. Yeah, I mean, the one of the largest and bloodiest mafias in the world is composed almost entirely.

Cabela Scott Paul Singer JP Morgan Gamestop U. S Goldman Sachs Lloyd Blankfein Bernie Lupus Larry Think Steve Colon Cabella Amazon Carla icon
"paul singer" Discussed on Newsradio 600 KOGO

Newsradio 600 KOGO

02:34 min | 1 year ago

"paul singer" Discussed on Newsradio 600 KOGO

"A Florida hub north of Miami and billionaire Paul Singer's hedge fund. Elliott Management Corporation plans to move its headquarters to West Palm Beach. In Florida officials say they're talking to at least 8 to 10. Other financial services companies. I'm Mona Rivera at Bloomberg for news radio 600 Kogo Well, everything time the collection industry tries out of new technology to reduce their costs or increased saturation usually does more damage than good. That collectors will soon be able to start texting and emailing you. So in addition of harassing consumers, these new methods of communication open up a lot more ways for people become victims of phishing scams. That's according to most consumer advocates. Congress passed a single the Fair debt Collection Practices Act and 1977. It was put in place to limit the time place and methods that debt collectors could get you to pay up. But because that bill was passed over 40 years ago, modern modes of communication like text and e mail well, they weren't obviously not included. So starting in 2021 debt collectors will be able to contact consumers via text. Email, social media. And voicemails, and the Consumer Financial Protection Bureau has expressed some concerns. Allowing collectors to send messages like these will enable other scammers too easily prey on us is vulnerable targets because you can count on the fact it's gonna be difficult for consumers to tell the difference between an honest and create and illegal scam with your money news. I'm sorry, Coco News. Corona virus Vaccine Volunteer is describing her experience. I'm Marilyn Hider with today's coronavirus update. Susanf roll. It took part in the modern, a vaccine trial. It's two shots and she got the first dose in August and believe she received the real vaccine and not the placebo. She told KSB W in the Bay Area, she woke up with the horrible stomach ache and headache. She took naproxen a few hours later, and the symptoms went away after she got the second dose in September. She says she woke up in the middle of the night and says every part of her body was hurting for about four hours. Despite suffering some side effects, Frohlich says in her words, she would absolutely hands down, get the vaccine again if it meant similar results. She believes the symptoms for several hours are much better than contracting the virus. We haven't heard of any in California, but the Federal Trade Commission has gotten reports of fake drive thru coronavirus testing sites in seven states, including neighboring Arizona. Scammers are dressing up like medical professionals conducting fake unsanitary tests for money. And identity theft while possibly spreading the virus. The FTC says the sites can look real with legitimate looking signs. Tents has Matt suits and realistic looking tests. Typically, they charge cash $240 in one.

Marilyn Hider Federal Trade Commission Florida Elliott Management Corporation West Palm Beach Paul Singer Consumer Financial Protection Mona Rivera Frohlich Miami Bloomberg Coco News Congress Matt Bay Area naproxen California
"paul singer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:35 min | 1 year ago

"paul singer" Discussed on Bloomberg Radio New York

"The Nets resigned. Joe Harris. Don't stand There were Bloomberg's for. Thank You. Thank you, John. It's 5 37 on Wall Street time for the Tri state business report here is, Bloomberg said Cory No. Maura Holdings plans to introduce flexible work on a permanent basis for its New York and London workers. In a memo seen by Bloomberg, the company says he could support a model in which 50% of its corporate workforce. Across the company's international offices would work remotely at any one time. Billionaire Paul Singer's Elliott management is offered about $872 million to buy McDonald's supplier, Arista. In a statement today, Elliott said it made the bet. November 18th confirming an earlier Bloomberg News report. Arista is the maker of Otis Spunk, Meyer cookies, all tenants who've been unable to pay rent during the pandemic. Would have up to 2.5 years to do that, without fear of eviction Under a bill now before the New Jersey Senate, so called people's bill would give renders six months to repay each month of unpaid rent and require all arrears to be paid within 30 months. That your Bloomberg Tri State business report I made Cory thinks that it's 5 38 on Wall Street. Bloomberg Radio is on the air from San Francisco to New York, London to Hong Kong. Let's check in with low car global news team for some of the top stories heard on our 300 affiliate, radio stations around the world. I'm Gina. Serve Eddie. And for Double the U F L A in Orlando. I'm reporting that the owner of Regal Cinemas has secured a $450 million lifeline. I'm Steve Photos can on 10 10 wins in the York We're looking.

Bloomberg Bloomberg Radio Cory No New York Arista New Jersey Senate Joe Harris Maura Holdings Nets London Regal Cinemas Elliott Paul Singer Orlando Otis Spunk Eddie John Steve Photos McDonald Hong Kong
"paul singer" Discussed on NewsRadio KFBK

NewsRadio KFBK

02:07 min | 1 year ago

"paul singer" Discussed on NewsRadio KFBK

"79 on news. 93.1 kfbk little news from a neighborhood time talking sales tax potentially going up in a local city. What have you found there? Albert, that is correct is coming out the gland County transcripts of those in the city of Willow will have the opportunity to vote on a sales tax increase that will be on the ballot this year. This election if approved Measure H when enact a new 3/4 of a percent sales tax in the city, which would be on top of their 7.25% sell tax that they have right now. Take it right on up to 8% a love that 8% number. I like to get her there. Nice even number there. Stephen number, we get a little bit more revenue. Ah, Paul Singer. I don't know if you've heard of this guy. He's a billionaire activist investor. He's leaving Manhattan and he's taking his $41 billion investment firm Elliott Management, too. Laura Dawe. Okay, So Kelly Brothers just told us Charles Schwab is moving from San Francisco. Their headquarters going to Dallas. It's not just here in California, my friends by the way. The sales tax in a place like Florida zero no statewide income tax. I shouldn't say sales tax, no statewide income tax, a state tax or inheritance tax. But you go to these big state the states with with big taxes New York, California and they're leaving. Yeah. Median Manhattan home rent below 3000 for the first time in nine years, reported this morning. No kidding. Yes, the rent in Manhattan, going down renters no longer willing to pay the commute of premium living in Manhattan, You know, I mean, I think we had a story in the last few days that that's about the median rent in San Francisco right now as well. San Francisco, By the way is the number one city if you want to negotiate a lower rim. Ah, Not surprisingly, it's still 3000 blows your mind. God, I know. Right, Ondas a deal. That's the deal. Prop 23. What will it do? We break down both sides of prop 23 in three minutes versus trial Final presidential debate. You're ready because you know what? We're gonna have a great debate live cover, saying man Thursday at 6 P.m.. The apple on.

San Francisco Manhattan California Laura Dawe Paul Singer Albert Elliott Management Stephen Willow Dallas New York Kelly Brothers Charles Schwab Florida
"paul singer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:30 min | 2 years ago

"paul singer" Discussed on Bloomberg Radio New York

"The code nineteen fight the curve here has flattened eight more sailors aboard the USS Theodore Roosevelt have tested positive again for the corona virus that raises to thirteen the number who appeared to have become infected a second time while serving aboard the aircraft carrier the corona virus count more than four point six million people have been infected worldwide more than three hundred twelve thousand have died on Christopher Cruz and I'm Susanna Palmer in the Bloomberg news room forget plunging oil prices and a collapse in consumer spending some of the world's most prominent investors are worried over the threat of inflation and they're turning to gold for protection we hear more from Bloomberg's Denise Pellegrini money printing by central banks invest state stimulus packages could mean inflation heats up down the line and hedge fund luminaries including Paul singer and David Einhorn along with large asset managers such as blackrock are among those now bullish on gold that's according to recent letters to investors the logic is pretty simple the massive expansion of central banks balance sheets around the world must eventually they could dilute the value of currencies most importantly that dollar leading to inflation of hard assets like gold gold was last quoted at one thousand seven hundred fifty one dollars sixty nine cents an ounce on Friday Tesla told employees it received approval to resume operations at its factory in Fremont California so says an email sent to employees and seen by Bloomberg CEO Ilan musk had threatened to move the company's headquarters in future programs when Alameda county moved to block the re opening in an emergency hearing yesterday a U. S. bankruptcy judge said he'll sign an order allowing J. C. Penney to access its cash reserves in chapter eleven bankruptcy to lender groups are proposing to different bankruptcy scenarios meaning J. C. Penney's bankruptcy proceeding may not go smoothly Williams companies said it won't refile state applications for a contentious one billion dollar natural gas pipeline after New York again denied the project a key permit new York's department of environmental conservation on Friday rejected Williams latest application for a water permit for its northeast supply enhancement project after denying the pipeline the same permit last year Williams said yesterday it wouldn't re file applications to either New York or New Jersey global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg broadcasting.

Fremont California CEO Denise Pellegrini New Jersey Williams New York Williams companies J. C. Penney Alameda county Ilan musk Theodore Roosevelt Tesla blackrock David Einhorn Paul singer Bloomberg Susanna Palmer
"paul singer" Discussed on KNST AM 790

KNST AM 790

01:32 min | 2 years ago

"paul singer" Discussed on KNST AM 790

"Colleges all around the country this is the way you have to judge it he would go to prison today if if that were a law and we were using the title nine outlined that he himself helped create and implement so it's important because he obviously doesn't believe you should be judged that way and yet the regular folk can be and this is also important because it shows the lie that social justice is if you're high up on the food chain there is no justice Graham equal justice is what we should be striving for billionaire investor Paul singer recently said the stock market may end up getting cut in half it is not only terrifying but I think it's true that the worst thing you can get engaging now is fear of missing out I think the stock market could go back up but it is it is bogus it is only a revolving around what the federal reserve is buying and that doesn't last forever Goldman Sachs JP Morgan are calling for gold to hit three thousand dollars an ounce they say by next year I don't know if that's true but it I mean with what we're doing we haven't had this kind of money inflation since World War two and it's not going to be good in the world is running out of gold gold line actually has.

Paul singer Goldman Sachs JP Morgan Graham
"paul singer" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

02:44 min | 2 years ago

"paul singer" Discussed on Newsradio 700 WLW

"You need excuse the Bloomberg markets seven hundred WLW we're alone together Jeff Ballenger yes like yes so we're alone together yeah all right give me that unemployment number yeah labor department counted more than six point six million new claims for unemployment benefits last week six seven billion six hundred six thousand to be precise the numbers from the prior week were revised upward to show that six point eighty seven million people filed so nearly seventeen million people have signed up for benefits in just the last three weeks one other thing I mentioned did the same time and we weren't expecting this the fed announced another series of sweeping steps to provide as much as two point three trillion dollars an additional aid to help get us through the pandemic that's a lot of money it is all right a friend advisor they're working on code nineteen vaccine and are they having any luck well it sounds hopeful the company has teamed up with the Germany's Subbiah intact Pfizer says with accelerated development it is possible possible that millions of doses could be supplied by the end of this year first to the United States and Europe than manufacturing would be scaled up to support the global supply that would be a big deal yes it would all right cause goes shares fell what happened there well they reported the sales after the markets close sales for warehouses open a year or more were still up for about twelve percent last month year over year but that that was well below what is average for the chain of cosco says corona virus related curbs on customers slowed the pace of business in the last half of last month one room these days pretty busy all right hedge funds C. E. O. warned about was going to happen before most of us even heard about the virus it was quite interesting a hedge fund manager he saw what was coming before a most Americans were even aware Bloomberg reports Paul singer's sent an internal memo to employees of his Elliott management corporation on February first he recommended they make arrangements so they would not have to leave their homes for a month should that become necessary singer wrote about the spread of the virus and the uncertainty as to whether it's geometric growth would level off how about him there's always a senior out there you know yes the service all right if you just look like what Sir they are mixed the S. and P. futures down two points now nasdaq futures are down fourteen Dow futures of turned positive again they're up forty four points from Bloomberg I'm Jeff Ballenger on news radio seven hundred WLW.

Bloomberg markets Jeff Ballenger advisor Germany Pfizer United States Europe E. O. fund manager Paul singer Elliott management corporation Bloomberg fed
"paul singer" Discussed on WFAN Sports Radio_FM

WFAN Sports Radio_FM

10:19 min | 2 years ago

"paul singer" Discussed on WFAN Sports Radio_FM

"All singer Paul singer if if if borrows graphical more these calls that was fun to see if I could find another eighties ride for us today because now I'm back and I'm into it I missed the day you got on me and now I'm back let's go to Rick who's in Connecticut who joins us on the fan what's up brick and mortar gentleman good morning I got a possible PSA for you here when you're going through a drive through or even a walk in in your watering up a fresh record beverage like coffee or soda ash we're too late dining the lady necks I've seen people port and put the lid on with their bare hands even though they're supposed to be wearing gloves it's just an extra safety feature I if you feel more comfortable when you go to drink it would truly is on it well let me ask you know like if they're touching this the second lead with their bare hands and that sort of the same thing well he went to second let off what about you peel off the sect you peel off the top with it yeah and that yeah and then you know drink from it at that point in time how did they put them over the head they put the lid underneath it on they take about to gather right exactly for your your on this morning yeah yeah the one hundred percent all right I I I admit that I'm not on here all right I'm confused I'm totally confused by looking up the websites this anti malarial drugs that they're talking about is becoming a big deal it's far to pop up all over the place yeah I did yes someone sent me that all link this morning I have an opportunity to read it but I had her a little bit about that as well I want to get some more information on before they finally you know they finally got a mainstream they finally had one of the doctors talking about it last night on television and then you know that now all of a sudden is going to raise the level of understanding as to what he's talking about so I I think that this basically could come it relatively soon if it works I mean it's got a it's got to be supported by the scientific community yeah it's encouraging but let's not forget to encourage because we don't know yet I explain this to me now if you if someone is using and I admit that I'm lost on this I'm not all right also you let's let's let's say you pull up to a star boxes drive through right and you and you ask for your your normal drink yeah and they go to put the the plastic cap on top of your Cup of C. way I hold on I think I've got it before you keep you're asking them to take two leads at a time yes you put it all right yes right now it all together I got and then you have that it is basically in his eyes is not touched or contamination I got it I didn't think I was thinking I put one witness who can put another late on it and then another let on and I'm thinking that this beats the purpose but if they're taking two at a time that's the part that I wasn't getting explained I did I wasn't understanding to it time boom you put it on their fingers are still touching the bottom one in some manner so now maybe not no not maybe not it's not a perfect system right but it's better than it's better than drinking from the top one let's put it that way yeah I mean and by the way the company bear you know Bayer aspirin sure of course yeah they're donating their their malaria drug so to see how effective it is against corona virus so they're they're in the midst of doing that great great let baby steps as they as a Joe is in Saint James who's next up on the family's up gel once on guy all right Joe I'm not a negative forty eight I'm watching the ally acres of doing delivery on the trucking I just hope that distribution doesn't get messed up by much of truck after truck go by on the LA right now so please stay home if you don't need to be out yeah Joanna thanks for the call yes I I am encouraged that things are going to continue like the way we need them to continue on the supply chain and deliveries in those things I I really am and correct that that's better level comes in right you know that that's that's exactly what the president trump was talking about when he brought out all the CEOs of all these major retailers and then you have to think about the manufacturers you gotta think about the warehouses you gotta think about the drivers and yeah I'm Tony trucks are going left and right you know all that part of our our country's amazing when you see everything that's happening as quickly as it has happened over the last week whether it be the testing centers that are opening up on all the different expansion of hospitals looking for areas where if they need more hospital beds get the army corps of engineers in here get something set up I mean they got blood mobiles all over the place yeah it is just nonstop the entire country is just basically moving to make sure that all of this stuff the stays stocked ready and able so when people do go to the supermarket they'll be able to get their things yeah I need these are the things that you you don't think about how it happens you just hope that it happened but now we're thinking about the process of it right all the hard workers that are still out there that are working extra shifts that are making sure that these grocery stores are stocked in the grocery store employees of course as we mentioned before the most important are the health care workers right now and how much they are putting in two days to make sure that everything is as normal as possible which is not going to be but you know their sacrifices and and their jobs are more important than ever in this country so that these are things that you you can you walk into a grocery store you take everything for granted that's on the shelf and how it got there and now the people that are making these things packaging these things delivering these things are is as important as they've ever been so to hear truckers out there doing their job and then working their **** off it makes me feel good I'll tell you that much yeah sure it should should make us all feel good right let's go to Gemini's patch of my neck of the woods you might say let's hang out but I'm not allowed to be around anybody what's going on Jim perhaps J. maybe could be okay we'll go Danny spatula yes okay Janie's patch or what's going on J. I'm from the hot bed first of all what's referred to your area is a hotbed for Yankee fans that's right if you were were you got a while I remember back in the eighties we all went to the salty dog I remember yeah sure well you know if you had three stories high we didn't have cell phones so you know wherever your friend was you had to walk up and down so you found your friends this torture we're gonna live in for that these days right now well all right Hey listen you know how the commissioner for NBA wants to do a charity thing yeah I was suggesting that Peter Alonso by the way is losing his mind being alone what if they do virtual home run derbies where they're pitching machine it knew our data from home runs and then you go to the other player that's on a different video and he said them till you have a contact you know what J. may may be thanks for the call we're gonna see more creative stuff for these athletes as they continue to go stir crazy like I can't imagine being someone like Pete Alonso was about to enter this season as as young and full of vigor is he is you're having to stay home and and self isolating do all these things are being asked to do well you did see this great video if I if you haven't seen it you have to see it where Pete Alonso calls this elderly woman who's a Mets fan or just got a cancer diagnosis and how much it meant to her that he made a personal phone call to her and she's in tears and saying this means so much to me have no idea I could never repay you and Louise robots also colder so now you see stuff like that out there as well these good heart warming and heart warming viral videos and and Pete I mean who I think he's that guy that he keeps topping himself it's almost getting to the point where I don't think he can be any better than he is and then he does something that makes him even more of a legend in yesterday was one of those days well he's a Mets version of an Aaron judge but you know that's who he is and we we got our guy so our guys going to be our leader and hopefully he stays healthy and when they do resume baseball he continues to do what he does you know last year I I will say this that you would think at today's athletes with the video games and the social interaction with video games that maybe teams set up you know fan bases the play against their best players in whatever whatever video game they want to plan yes they've got it that would obviously occupy a lot of time yeah I mean that's one of those things I know there's some people out there who didn't have P. S. Forster didn't have ex boxes that are are now buying them because they're holed up in their house I can't cross that that Rubicon if you will at this point I mean I put video games town for a long long time ago I mean I I I haven't played in I'm talking fifteen years maybe more and I just don't want to get in the habit of doing that I mean it's going to have to have we're we're talking maybe two three months and we're still here maybe I consider it but I I I I gotta I gotta find healthier ways to kill some time JJ has one come in this week he says in fact I was on a fan on the fifth so he didn't have one and now he's getting what he's getting when he's going to be playing in MLB the show he said so that's what he plans on doing that and then who's going to be playing against I guess online against the listeners okay all right I mean maybe baby ever could do that with Twitter baseball or something yeah I'm sure L. Evans already probably you know neck deep in video game them right now I mean that's the stuff that's going on but I'm a loser I'm sure excited attacks with having a little bit yesterday it was nice to hear from them is Evan Roberts and Joe were doing exactly what we are doing shows from home right now are different G. O. on the fan and radio dot com former tell me about the.

Paul singer Rick Connecticut
"paul singer" Discussed on 106.1 FM WTKK

106.1 FM WTKK

02:00 min | 2 years ago

"paul singer" Discussed on 106.1 FM WTKK

"Country using your twenty twenty fox news America is watching the number of deaths in the US from the corona virus has risen again so far all of the deaths are in Washington state as of now there are more than one hundred coronavirus cases spread over twelve states rising fears have led to plans to have employees work from home and schools train teachers to instruct remotely by computer meantime the Congress is working to pass a bill to set aside seven and a half billion dollars to fund an emergency response to corona virus as far as testing it's believe that labs across the country have the resources to test up to a million people by the end of this week to better understand how the virus is spreading good all Scott fox news regional formally registered the coronavirus as notifiable which health officials there is they will help companies seek compensation through their insurance policies in the event of any cancellations that they may have to make as a result of the spread of the virus Tesla CEO Elon musk tweeting support for Twitter CEO Jack Dorsey support service that hedge fund is trying to oust him musk tweeting and just want to say that I support Jack is Twitter CEO adding Dorsey has a good heart the post comes following a Bloomberg report suggesting Elliott management founder Paul singer was a sizeable stake in Twitter is working on a plan to replace Dorsey Twitter is yet to respond to police have been taken to the site to defend the CEO setting off the hash tag we back Jack Christine good when fox news a former Florida death row inmate imprisoned for nearly forty three years for a crime authorities now say he didn't commit would collect more than two billion dollars in compensation under a bill passed today by the state Senate after their unanimous vote senators rose to their feet and appointed a seventy six year old Clifford Williams stood in the visitor's gallery above the Senate floor yellows.

Jack Christine Florida founder Elliott Bloomberg Jack Dorsey Tesla Scott fox Washington Clifford Williams Senate America Dorsey Twitter Twitter Paul singer CEO Jack Elon musk Congress
"paul singer" Discussed on WCBM 680 AM

WCBM 680 AM

01:54 min | 2 years ago

"paul singer" Discussed on WCBM 680 AM

"Supercrew dot com slash free number of deaths in the US from the corona virus has risen again so far all of the deaths are in Washington state as of now there are more than one hundred coronavirus cases spread over twelve states rising fears have led to plans to have employees work from home and schools train teachers to instruct remotely by computer meantime the Congress is working to pass a bill to set aside seven and a half billion dollars to fund an emergency response to corona virus as far as testing it's believe that labs across the country have the resources to test up to a million people by the end of this week to better understand how the virus is spreading good all Scott fox nutritional formally register the coronavirus as notifiable which health officials there is they will help companies seek compensation through their insurance policies in the event of any cancellations that they may have to make as a result of the spread of the virus Tesla CEO Elon musk tweeting support for Twitter CEO Jack Dorsey support service that hedge fund is trying to oust him musk tweeting and just want to say that I support Jack is Twitter CEO adding Dorsey has a good heart the post comes following a Bloomberg report suggesting Elliott management founder Paul singer who has a sizeable stake in Twitter is working on a plan to replace Dorsey Twitter is yet to respond to police have been taken to the site to defend the CEO setting off the hash tag we back Jack Christine good when fox news a former Florida death row inmate in prison for nearly forty three years for a crime authorities now say he didn't commit would collect more than two billion dollars in compensation under a bill passed today by the state Senate after their unanimous vote senators rose to their feet and appointed a seventy six year old Clifford Williams stood in the visitor's gallery above the Senate floor tell.

Jack Christine Florida founder Elliott Bloomberg Jack Dorsey Tesla Washington Clifford Williams Senate US Dorsey Twitter Twitter Paul singer CEO Jack Elon musk Scott fox Congress
"paul singer" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:32 min | 2 years ago

"paul singer" Discussed on News 96.5 WDBO

"You don't find the ads and stuff that the left does to the extent the left does not pay attention to the arts and entertainment the way it needs to be paid attention to I don't I don't need a counter offer anything so I can say this you don't know there are some out there that are amazing and they understand the importance of making sure that there's you know it either investigative videos or youth involvement or a number of things and knows they are the exception not the rule a conversation with someone through this week that was explaining to me how difficult it was to get some Republican donors to get involved with some of the other culturally based stuff viral videos or even creating the court at the the class I street teams for different candidates in certain in certain districts for instance even urban districts the only reason that those aren't even competitive for certain rep for Republicans in some states is because people will not put the money and the time in to see the ground they ran Beto o'rourke and spent millions and millions and millions and millions of dollars on this do you know when you don't have a shot in hell but they did not for him to win and they did it to see the ground to make it to where someone at some point could Republicans don't do that in a number of districts it is frustrating you shoot yourself in the foot that's one of the reasons why I wanted to hit that story in this one and the same segment because I love what Paul singer's doing he gets it some of these other people out here they get it.

Paul singer Beto o'rourke
"paul singer" Discussed on The Dan Bongino Show

The Dan Bongino Show

03:30 min | 2 years ago

"paul singer" Discussed on The Dan Bongino Show

"I am not messing with you. He has blessed me with you and I hope you feel the same way about us but I definitely feel that way about you. So I'm not complaining here but we have been targeted pretty ruthlessly by left wing tech companies twitter banned us from running. Ads never gave any kind of a reason. We've had issues with other companies as well again. Not a SOB story doesn't but you all know that. Listen to this show what's happened. Well folks I've said to you that eventually and some of you don't like it when I say this. You want a government solution. Fine I respect your opinion I disagree. I think the government's only GonNa make it worse and the Democrats are gonNA use it as a formal reason to ban conservatives from these platforms using actual law which disturbs me deeply putting the Democrats in charge of social media if we get elected president and a majority of Democrats in the House and the Senate side should frighten the hell out of all of especially with a bunch of liberal judges. Still out there too. I don't think it's the solution. I respect your opinion. I've always said to you. I believe the free market is going to find a way just like we found Fox News. I get this story to take me just a little background on that I will never forget. Being an instructor at the Secret Service Academy and one of my classes was graduating and they had roger ailes. Who was the head former head of Fox and he came down to speak at the graduation. Someone New am. I forget how we get down there but he was talking about the idea for Fox News and he had this line. I will never forget. I heard it right from his mouth. He said you know when we thought a Fox News. We said you know. There's this unserved market in America for media like actual facts now propaganda called fifty one percent of America and everybody laughed because it was so obvious like the Fox News model was so obvious and yet nobody saw. Cbs NBC ABC. And we're all lying to people for years. People were pissed. Someone finally said. Hey how about we just tell people the truth and they started Fox. Well folks the obvious solution to what's going on left wing media as Paul said this morning you know. It's good to start up alternatives as well. We seem parlors. One of my sponsors here terrific. I'm over there now at Dbongino but one of the great stories. I've seen to one. That came up this little gem from Fox News today by Gregory which will be up in the show notes. And you should really read this but dot com slash newsletter. If you want to gregory billionaire Republican buys a major twitter stake may house the CEO amid gop inserts of bias. The report says now is Paul Singer who is not really a trump guy for a while but since I believe come around according to people I know Paul Singer yeah so to be full and candidate disclosure but Paul Singer is a very wealthy guy is a major controlling share in twitter. Now why does this matter ladies and gentlemen because unlike some other social media companies out there twitter only has one class of shares? Meaning if you're wealthy enough you can buy some outstanding shares of twitter and eventually over time depending on your controlling interest take control of the company. So what again we have competitors like Parlor Which. You're doing a great job. There were sponsor full disclosure but I was on before they were a sponsor. I'm at Dbongino. There we have a number of competitors these social media companies coming out there now and not only that we have Republicans who are concerned about them. Buying controlling interest ladies and gentlemen capitalism is slow freedom and liberty isn't easy but I'm telling you the government solution is not a good one. The markets will eventually find a solution..

Fox News twitter Fox Paul Singer Dbongino roger ailes America instructor Secret Service Academy Senate Gregory Cbs gop CEO NBC ABC
"paul singer" Discussed on WIBC 93.1FM

WIBC 93.1FM

03:55 min | 2 years ago

"paul singer" Discussed on WIBC 93.1FM

"So there is a billionaire things fall singer I do not know Paul singer I would like to be friends crossing that's that's that's my take why because Paul singer is doing the one thing I've been begging but above above above the billionaires to do which is stop telling us stop telling us things and start doing things don't talk about how how things are biased media do something about it don't tell us that Twitter is failing to do something about it and I said started competitor Paul singer hi he's doing something different he a Republican donor has purchased what is described as a sizeable stake in Twitter and the plan is to push out Jack Dorsey who is the CEO they've already nominated four directors Twitter's board all this I do you call this a hostile takeover is this what is this this is the like the official definition somebody get with me on Twitter let me know at Tony Katz it's singer who opposed trump in twenty sixteen and is now saying well he's done the job right he's done the the the the the job and even trump said listen he was he was a never Trumper back then I want to thank him for you know being out now a strong ally this is going back to twenty seventeen now not everybody can do a hostile takeover please don't get me wrong but this is exactly what you want to see now if he indeed is able to house Dorsey it's not it's not that I want to see the thing turned into this political you know political right machine I just want people to be able to speak that's all I'm looking for all I'm looking for is some actual free speech all I want our people to be able to say things without getting destroyed and ruined I don't want the suppression very simple very easy to understand just not interested in that if if that's all if that's what we get that's a win a massive massive win I I don't I don't know if we'll get there but I'm I'm keeping an eye on it means I. Meghan Markle she's a princess or something the Duchess not princesses the Duchess it's her and Harry you decide yeah we don't want any part of this but we want the money what we can keep the money that's okay will leverage our celebrity to other things like Marvel movies she is already doing voice over work for Disney and now she's saying out loud and that she wants to be part of a superhero film she wants to be an Avenger yeah me too we all want to be an Avenger I have to find some somebody in the comic world that I can someone physically resemble maybe like you know what that's what that's like you gotta have some kind of resemblance to them don't you except for captain Marvel brie Larson is a game you like captain Marvel which is terrible she is she is the worst casting choice they have ever made yeah now and I'm sorry I can't Marvel's not good captain Marvel was not good at all I did not even like captain Marvel and game hi not not not interested and I don't like having somebody with that much power right.

Paul singer
"paul singer" Discussed on WIBC 93.1FM

WIBC 93.1FM

05:39 min | 2 years ago

"paul singer" Discussed on WIBC 93.1FM

"This is interesting there is honor for the G. O. P. Paul singer he is a billionaire that founded Elliott management and he's given a lot of money to Republican causes he is just purchased a stake in Twitter and the rumor is he is wanting to oust Jack Dorsey because he doesn't like how he's sort of a hippie that is wanting to go just meditate in Africa somewhere the delays I think he just doesn't like the way that he's run sweater he's checking out what he's going to check it out right he's sort of he's acting kind of weird I mean he is but he's also involved in the forties doing dumb stuff like you know banning political advertising in the act banning people and spending people with really well in LA for dumb reasons yeah yeah so this is I just wondered like how this might change things it was funny because the share price raised at the news of this well every thing else was tanking Twitter actually went up a little bit on Friday after they heard that this is happening so they are and they're Elliott management is considered an activist investor which means it doesn't just dump money into places it pushes for change in the companies that it invests in interesting so I don't know what that means yeah this could be really really interesting especially because this is an important year obviously we'll have to see how that shakes things up yeah in the world of Twitter so that is happening we'll keep an eye on that also grossest story ever out of Maryland's police said that there is a guy that they've arrested and they arrested him actually last Tuesday charged him with first and second degree assault and reckless endangerment because he was going around stabbing people with syringes full of semen and you did you saw the videos right yeah can you imagine being like involuntary injected with some dudes my god it's yeah it's horrific just to rific needs doing it like grocery stores you just walk into the grocery store and some guy just stab you with it and needle and these apparently he would say things to these women who would obviously be shocked and wonder why they had the just got stabbed yeah and he would say things like feels like a bee sting doesn't it hi res so creepy possessed someone to do that because you're completely psychotic I can't believe nobody just beat the crap out of him I know because I that would be really hard for me not to beat the crap out of yeah but you wouldn't know what I mean like why would you think that that's what happened is he hold me you can find these very stuff about it right like so he stabbed you then immediately hides the syringe and then he's just standing there looking at yeah you know what he says feels like a bee sting but you you still don't know right like you don't know what has just happened the last thing I would think if that happen to me was I wonder if that syringe was filled with semen well I would but I do know it was filled with something yeah and I would be completely freaking out oh my god can I just can't imagine you just don't know what it's filled with thank goodness he has been arrested because damn that's gross also it's been a long time since we've talked about sex robots and it is time for you okay well that's of course you did because drudge is where you find all the latest and greatest about sex robots find all of them in his garage basically for all the sex robots are Matt drudge's garage I I defer relied on a sleigh I'm not exactly sure but there is a computer science professor who is named Dr David David levy and he believes that they're going to have to be some serious programming changes to sex robots in order to avoid being sexually assaulted by them no joke I was wearing my daughters with me yesterday we're getting a weird timers you know my my husband our timers we're sitting there waiting for a light timers meeting and we're sitting in chairs and I saw the story and I knew I just we're talking about this you're in charge of the template for today I showed this to my husband I'm like seriously these robots are assaulting people now and he just looked at me like she got a because as like yeah it was like why are you friends with I would be talking I know are we talking about this tomorrow and there and basically attacking people well this is the thing because the more that that whoever the developers these manufacturers these designers of these things are trying to make them more human and more have more emotional intelligence right the more that they program these robots to be like people the higher the chances are that they behave like people right and so he's he was talking at some sort of an event where he said we got to talk about programming these things to actually listen to cues of consent because they become like Johnny Depp's wife our ex wife right whatever name I mean this is it's not and he says and I quote it is clearly going to be a nontrivial task to teach robots how to navigate appropriately through sexual scenarios and how to behave when a woman is not explicit in expressing her consent or refusal so this is I mean he's saying because it's so easy to hack them that you could actually have a sex robot to be violent the whole point of these though is that you don't want a motion the whole place not want guys want they don't want any emotion in these things is not.

Elliott management Twitter Jack Dorsey G. O. P. Paul
"paul singer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:28 min | 3 years ago

"paul singer" Discussed on Bloomberg Radio New York

"We'll take a closer look at markets in a moment. Also wanna let you know the British Prime Minister Theresa may has struck a deal with the EU to revise the terms of Brexit, and this has helped to send sterling higher. We're trading a dollar thirty to twenty. We'll talk more about this. When we check with Ed Baxter for a look at global news in a moment right now, this hour's top business stories, and let's start with Ilan must defending recent tweets in his defense SEC claims he tells a federal court in Manhattan, the Twitter post in question were not improper the SEC is asked the court to hold him in contempt for tweeting production forecast for electric vehicles. A previous settlement between his tesla. CEO and the SEC. Required that tesla vet must tweets for material information, and we've got some other auto news as well. Shares and Honda Motor trading up about two percent right now this on word that Elliott management's effort to revamp. The board at Honda appears to be gaining if you'll pardon the pun. It's traction more from Bloomberg's Denise Pellegrini. The advisory firm I ISS is recommending investors vote for two three nominees. The hedge fund wants for Hyundai's board and is also supporting two of activists. Paul singer's three nominees at Hyundai's big shareholder Hyundai Mobis. But I assess his not supporting the hedge funds call for the carmaker and Moebius to return billions of dollars in cash to shareholders through special dividends Hyundai. Meantime is pushing to complete a restriction that would allow the son of the eighty year old executive vice chairman to take over as chairman of the group a shareholder vote is scheduled March twenty second. Denise Pellegrini, Bloomberg daybreak Asia. And onto another auto giant Honda recalling more than a million older vehicles. Because of dangerous airbags these are Takata airbag inflators that were installed during previous recalls. The second round me calls effective in the US and Canada and evolves. Two thousand one to twenty ten models. Well, talks on trade between the US and China still seem to be going on with no end in sight earlier. We heard from press secretary Sarah Sanders, saying no date has been set for a meeting between President Trump. And she this as the two sides continue to go back and forth on some key issues. The president's gonna make sure whatever deal we get is in our best interests that it's fair and reciprocal trade. It protects our intellectual property, and that it actually has safeguards to make sure that the Chinese follow through with whatever commitments that they make you wrote the art of the deal and Sanders says if the president doesn't like what he's getting. It's just not worth signing a piece of paper. There you go. And apple preparing to roll out new streaming service. The company will hold an event in two weeks and is expected to. Unveil an original video programming platform. Apple is also expected to unveil a new premium magazine subscription plan all part of Apple's plans to branch out more from the hardware business. All right. We've got risk on in markets across the Pac region W E. I is the world equity indices matrix. And I'm gonna go inside clicking on the Nikkei d- just to take a look at some of the groups that are powering the index higher real estate out in front along with materials and infotech. Nikkei two twenty twenty-five is back up by about one point seven percent. The other thing that may be contributing here is a little bit of weakness in the end where the dollar is concerned. One eleven forty meantime in Hong Kong, hang sang up one percents. Shanghai composite is better by about eight tenths of one percent. We were talking earlier with Brock silvers about the volatility that we have seen in the Chinese equity space the CSI three hundred in the Friday session down about four percent yesterday. We were up two percent. So today the gain right now is. Is about one percent in Seoul, the kospi had seven tenths of one percent. And in Sydney, the ASX two hundred is ahead three tenths of one percent. Crude oil right now just below fifty seven a barrel in the electron accession. I'm looking at WTI fifty-six ninety-five earlier Saudi Arabia indicated it plans to extend those deep production cuts into a second month during the New York trading WTI was up about one point three percent. And where the bond market is concerned the US ten year treasury adding about two basis points in yield where to sixty five right now. In the Tokyo session. I'm Doug krizner. We're at the Bloomberg interactive brokers studio in New York, Kathleen. Oh, doug. Thank you. So very much. Well, the big big story of the day in the evening. UK government.

US SEC Denise Pellegrini Honda Hyundai apple Bloomberg Nikkei China Ilan president Sarah Sanders executive vice chairman President Trump Hyundai Mobis Paul singer tesla Bloomberg interactive brokers EU
"paul singer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:39 min | 3 years ago

"paul singer" Discussed on Bloomberg Radio New York

"And Jason Kelly from Bloomberg radio. Jason a story this week in the finance section. It's about a hedge fund, and I feel like this is kind of a theme that we've had over the past year or so that a one storied hedge fund all of a sudden kind of runs into trouble. And maybe it's the bigger macro environment. Sometimes it's a star investment manager. Lease it is microcosmic word. I think so cut your poor Sagansky is here this she got. This scoop really the inside look and his Carroll says this is a bigger story than just this one headline tells about perjury. So is a twenty five year old finest one of the oldest hedge funds still surviving and very well respected firm and spent many many months working on this story, and you can read the whole thing online at and we kind of use it as a vessel to tell us a story about the the hedge fund industry at large, which is very. Unlike private equity firms and very unlike mutual fund firms because they are really entrepreneurial ventures is really important to remember that the hedge fund industry a lot of these even the ones that manage billions and billions of dollars. You know, they barely have an HR department. They are a few scrappy guys with a terminal, and they don't really have a plan in place to last past the first generation very few actually have figured out a way to survive beyond their founder. We'll dig deeper into the specifics about happened at for capital management because this really does tell the story. So. Well, absolutely. So was founded by a man named Jeff tanenbaum who was a former private equity analyst, and he founded it in nineteen ninety four, but it didn't really start taking off until he tapped one of his former classmates from Tulane university. This guy named Andrew Friedman. I'm calm and really build it. And so Frederick comes along in two thousand and takes this firm from being three hundred million dollars to thirteen billion dollars. His track record is huge. It's really big. And he he's actually a very good investor. Just we were comping his returns versus the SNP. Or other other relative value firms or hedge funds at large, and he really did beat them. He annualized seven point five percent over his tenure, and that's including some bad months when he wasn't even there. So we just tried to take a full picture, and he builds it, but he's not really the personality that you see often in investing. He stays in Miami, Florida. Even though the headquarters are here in New York. And he's kind of got this like child of the sixties personality. He's obsessed with every trade that's put on he's on around the clock. He's dialing up his analysts, and he's involved in this in the culture in Nevada important way. So even though Jeff tanenbaum was the founder Andrew Friedman is really the heart and soul of this firm and unlike Bill Gross who retired as seventy four well past his prime Friedemann steps away. It is prime which is just you never see fifties early sixties three. Three years old. I mean, he is the lottery ticket and he just throws it away. I mean, not say still got very rich over the course of his life was just kind of done. He was done. He was burned out. And he was just over it. And we really rarely see that and it shocked everyone, and even though the virtually had a successor succession plan in place like they had a top Lieutenant of his was the natural successor. He took over and they had this whole group of managing directors that would support this the successor things still fell apart. And that's what's that's what's so interesting about this story because you can have a plan, but to execute and to see how it actually comes together when when when you have to when when the time comes that's what's really interesting about the hedge fund, and that's the underlying theme of your story when you talk about him being the heart and soul, the core of the firm. And so when that goes away it all comes undone. Yeah. You don't really appreciate. How someone is the glue until they're gone. And it's whether you know, and you can try really hard to to stick to your plan. But at the end of the day, the firm has lost eight billion dollars since he left. The performance has not gone. Well, it's just been pretty bad year after bad year last year. They lost eight point two percent. And they're mired in a lot of bad trades that came about starting when he stepped back and one of the things that you rightly point out, and you know, you mentioned private equity funds earlier that money is locked up for longer amounts of time. With a hedge fund it starts to spiral downward right performance. It gets to a certain point a lower point people start to pull their money out other people start to pull their and it it spirals downward very very quickly. Actually, I three has their capital locked up for two years because they do take some positions that are more private equity style. But that's how you know. Right. Like investors patience is wearing down. Now, it's been basically five years of mediocre performance. They and even though the capital is locked up. You can see that redemptions are happening money talks. Right. If money's coming out, obviously, investors aren't pleased. And I think I love this line in your story that you talk about general a generational shift has begun. And you think about. Revalue and Bridgewater and some other really storied firms that are so identified with the core in terms of the investment philosophy. What happens after these folks go away? It'll be really interesting to see how a lot of those firms deal with it we've been covering it and writing about how they've been putting the pieces in place, but Ray Dallaglio is trying to put his brain into a machine. So that he can live on even after he's gone. A lot of other firms have have put kind of a co CIO like Paul singer has has. Co-ceo? Dan Pollock has been there for many years. And basically, the idea is this guy is just going to take over when pulse. Steps away Paul ever steps away. No different than the private equity round that you so closely covered Jason that you've got somebody who so identified right firm. And then what do they do for succession plan? Right. Well, and we've seen in the hedge fund world, especially, you know, a lot of people very well known managers whether it's league Cooperman or others sort of say, I'm done. You know Soros, obviously, very notably. Did it? They convert to a family office, which is kind of the I'm going to go spend more time with my family. And it still requires a lot of layoffs and one of the issues you're like within private equity firms a lot of them are publicly traded, right? So they have a board whole thing is well orchestrated years in advance these guys they're not publicly traded, and they don't really care. I mean, a lot of them don't really care what happens to their fun after they've retired their fund their the lay offs associated with it like Lee Cooperman was crying when when we interviewed him about him turning into a family office. He said he's going to have to lay off the majority of the staff. I mean, even if you're still. Existing in some way, or another most of the people that's cut you a Porsche can ski, Carol. And man, she's such a great reporter in told that story very well. She really did. And the bigger broader story here is about these storied respected hedge funds that have had great track records. But what happens when kind of the star investor at the firm leans? It's all about succession, well and timely this week, especially with the departure of Bill grows from Janice Henderson, he of course, really made pimco into what it is today.

Jason Kelly Andrew Friedman Jeff tanenbaum Bill Gross founder Paul singer investment manager Sagansky perjury Carroll equity analyst Bloomberg Tulane university Lee Cooperman Frederick Florida pimco Nevada
Buffett's Berkshire will oppose USG board nominees after Knauf bid

02:27 min | 4 years ago

Buffett's Berkshire will oppose USG board nominees after Knauf bid

"A better outcome and a better deal pompeo also refused to answer questions about the fbi investigation into russian meddling in the elections he declined to answer when asked if he thought the probe was a witch hunt global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries hi nancy mom thanks nancy now with our other top stories i'm julie hyman it was a big first quarter for the world's largest money manager blackrock reported earnings that beat the highest analysts estimate revenue also was better than expected black rock now has six point three trillion dollars in assets under management one of the world's biggest bond fund manager says it's time to adjust bloomberg's john tucker has details pimco dan iverson says it's time to cut risk as geopolitical tension and rising interest rates make for a quote much more fragile situation at escalating trade war russian sanctions in the syrian conflict have contributed to greater volatility at rattled global markets this year managers the one hundred eleven billion dollar income fund one of the world's largest actively managed fixed income funds the chief money manager was speaking at a summit in davos switzerland john tucker bloomberg radio billionaire paul singer's hedge fund has taken a stake in british software company micro focus and we'll push for changes people familiar with the matter say the changes elliott management will ask for aren't clear micro focus has been struggling while trying to integrate assets bought from hewlett packard warren buffett is opposing us jeez board we get details from bloomberg's jeff bellinger berkshirehathaway is planning to oppose us jeez more nominees in an upcoming shareholder vote backing a revolt after the wall board makers spurned takeover bid from germany's naf naf jones about ten percent of us g is calling for shareholders to vote against board nominees next month as a way to pressure the company into accepting the almost six billion dollar deal berkshire supportive naf adds to the pressure on us jeez ward to reconsider its opposition to the potential transaction jeff bellinger bloomberg radio vasts one billion dollar will be among the uk's largest for tech companies the maker of antivirus software seeks to reduce its debt load and allow investor exits with the offer offering a vast is based in the czech republic the london listing is planned for early may.

Paul Singer Jeff Bellinger Germany FBI Czech Republic UK Ward Jeff Bellinger Berkshirehathaw Warren Buffett Pompeo Davos Dan Iverson John Tucker Bloomberg Fund Manager Blackrock Julie Hyman
Thiam's earnings dip as Credit Suisse overhauls executive pay

01:50 min | 4 years ago

Thiam's earnings dip as Credit Suisse overhauls executive pay

"The ceo at credits we saw his paycheck shrink last year in the third year of a major restructuring the bank says t john received ten point two million dollars for twenty seventeen that's five percent less from a year before credit suisse says chums pay would return to levels in line with the bank's expected improvement may thanh diong ping a chinese food reviews and delivery giant backed by tencent is considering going public in hong kong initial public offering that's according to people familiar with the matter us companies are finding that the flow from the foreign money spigot is slowing we get the details from bloomberg's jeff bellinger foreigners showed signs of being net sellers of us investment grade corporate debt this week according to bank of america data and he's selling pressure comes after international investors bought just thirty eight billion dollars us investment grade corporate death in the fourth quarter according to you es the least since the beginning of two thousand sixteen when the corporate bond market was in freefall ubs as overseas money managers are a key pillar for the market having bought more than one point four trillion dollars of the security since two thousand thirteen jeff bellinger bloomberg radio activist investor paul singer has one around in his battle for influence at telecom italia with the chairman and six directors quitting the board the move gives vivendi's some time in its attempts to fend off singers elliott management in a contest that's likely to come to a head at a telecom italia shareholder meeting in may coming up oregon congressman greg walden on the cambridge analytical scandal i'm pat carroll this is bloomberg adopt us kids one eighty over one eleven and i had a stroke i couldn't speak i walk this is high blood pressure get back on your plan to lower your hp dot org brought to you by the american stroke association american medical association.

American Stroke Association Cambridge Congressman Oregon Vivendi Telecom Italia Bank Of America Jeff Bellinger American Medical Association CEO Pat Carroll Greg Walden Chairman Paul Singer Bloomberg Hong Kong Tencent T John Thirty Eight Billion Dollars