25 Burst results for "Peter Barnes"

"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"Pretty interesting fight within the Republican party has fell policy. Currently there aren't really federal regulations in place power. The White House has an issue. Stephen on the Bill built way news, insight and analysis. This does seem like an unconventional reality from Bloomberg politics. A kind of radical agenda that breaks with democratic tradition and Bloomberg government to heated rhetoric in Washington and nationwide us politics policy and power on Bloomberg radio. I'm Peter Barnes with Amy Morris coming up this hour tainted pills are forcing the FDA to tighten drug safety regulations. Plus most twenty twenty Democrats have had little success and Trump country, but first Amy attorney general William bar has talked about his timeline for the report on the Mahler probe with Senate Judiciary chairman, Lindsey Graham. A Justice department official says the report could be released sooner rather than later. Bloomberg news legal reporter, David for Yoccoz. Joining us now from our Bloomberg interactive brokers studio, and David it's great to have. Are you looking forward to picking your brain about this? Because there are so many questions left unanswered. I'll one of those at I'm just going to ask you sort of a big picture question. Here we hear a lot on the democrat side about you know, this report has to be released. We're going to have you release it. I believe it's by next week. They would like to get their hands on the report. My question, though, is are they jumping the gun a bit. Are they making these demands as though the attorney general is not going to make it public or had indicated that he wouldn't because he said he would I'm wondering how much of this political theater? There is a good deal political theater going on clearly attorney general bar is going to make the report public. But not until the Justice department goes through and calls out a good deal of material. Particularly relating to grand jury matters. That will be kept secret underlaw. There's information about ongoing investigations. That will almost surely not be released, and then the White House may seek to assert executive privilege to keep conversations with the president. Out of the public eye. There's also the question of whether written answers that Trump's supply to the special counsel's office will be made public and whether staff interviews will be made public. They could be protected under the executive privilege argument as well. So all of that means it's going to be a good while and we've reported that it'd probably be a matter of weeks before the public sees. What would essentially be redacted Muller report? Okay. So there's a process here and chunks of the report will be made public we expect. But who cares now in is is doing this can actually change anybody's mind changed minds of Trump. Supporters change the minds of of progressive Democrats. It's not clear, whether it will change anyone's mind, but there is a search for the truth that has gone on here for two years. And there are a number of unanswered questions that could be addressed if the report were released just because the attorney general didn't believe that the crimes of collusion or instruction of Justice work committed that doesn't mean that there's not a lot of concerning conduct that the public would be interested in learning about. Let me ask you about some of the other of buckets in this investigation. We're talking right now about the mullahs report, obviously. But I'm also wondering how this might impact the southern district of New York investigations or the congressional probes. Is there any crossover at all? Or are these all completely stove piped? That's not entirely clear Muller has indicated that he handed off several investigations to other agencies like the southern district, New York or the eastern district of Virginia. There's also an investigation going on by state authorities in New York, and while there may be some overlap. It seems pretty clear that they can proceed without having all of the fruits of the Muller reporting hand, and isn't Muller kind of now closing up shop and just handing off what he has to these other. These other prosecutors to other grand juries, it appears that that's what's going on. I mean, the the. Muller's. Prosecutors will be involved in the redaction process. I assume, but it doesn't appear that is going to take any more investigative steps. They've essentially indicated that and they're not going to seek anymore criminal charges as someone who has been following this. You are a legal reporter for Bloomberg news. You have your own questions. You must what would you be looking for in this report when it is finally released? Well, I would like to know how the attorney general arrived at his conclusions on obstruction of Justice that the president did not obstruct Justice during the investigation. His conclusion appears to be at odds with what Muller himself said which is he could not reach a conclusion. And so we'd like to know how they arrived at that. And there's a number of other. Matters having to do with the Trump campaign's interactions with Russians that remain unanswered. Bloomberg news legal reporter, David Bory. I just want to thank you for your time. It's always great to have you on the show. You're listening to Bloomberg politics policy and power.

Bloomberg Muller attorney reporter Bloomberg interactive brokers Trump Justice department New York Republican party Stephen White House David president Peter Barnes FDA Amy Morris executive David Bory
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"I'm Peter Barnes with Amy Morris still to come more staff departures at the treasury department are having an impact on the president's economic agenda. But first we're going to check the markets with Bloomberg's Greg Jarrett. Well, thank you, the SNP hits session lows. Just a short time ago financials leading benchmark down is yield on ten year. Treasuries already at more than one year, low extended declines growth fears, also the toll on an energy shares tumbled investors sought refuge in defensive sectors like television real estate while gold heads for its best week since early February. Meanwhile, trade dogs between the US and John. Are scheduled to continue next week. Everyday co Oxford economics, keep US. Economists tells Bloomberg the US economy has the potential to withstand some excellent esscalation in tariffs in any trade war with China. The current stance of tariffs between the US and China is expected to drag the economy by about one tenth that's not dramatic. But if we see further escalation, especially in the current context where there is a potential for esscalation market volatility that I think the risk could become much more expensive in terms of growth and could deter business investment, which is really the key concern. We check the markets every fifteen minutes rep trading day here on Bloomberg radio, the S and P five hundred is down one point six percent down forty five. The Dow's down one and a half percent down three hundred eighty eight. That's actually better than it was a few minutes ago about four hundred seven the NASDAQ is down two percent down one hundred fifty seven to ten year up twenty eight thirty seconds, the two point four three percents. West Texas.

US Bloomberg Bloomberg radio China Greg Jarrett treasury department Peter Barnes president Amy Morris West Texas Oxford John ten year twenty eight thirty seconds fifteen minutes six percent two percent
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"I'm Peter Barnes with Amy Morris still to come the British parliament gets ready to vote again on Brexit. We'll talk with former British Prime Minister, Tony Blair. But first we want to check the markets with Bloomberg's Greg Jarrett. The gamey stocks are modestly higher. I'll call it the twin dramas of Brexit and Boeing of largely overshadowed and unexpectedly weak US inflation reading that is most stirred equities on speculation. The Federal Reserve has room to stay patient on rate hikes. The Dow Jones industrial average is lower after Boeing two-day route topped eleven percent now down six point four percent when Europe's authority. Banned the troubled aircraft the FAA. In the meantime, has not weighed in and Boeing reminds us that the FAA has not said that the aircraft cannot fly in an around the United States. Apple continues to struggle with iphone demand with trends going from bad to worse, according to Longbow research, but the stock keeps climbing Howard ward gabelli funds CIO of growth equities tells Bloomberg the heyday of apple is pretty much done for now apple does have some growth challenges ahead of it. In terms of the iphone market share both overseas and domestically. So the heady days of apple being a massive wealth creator were apple became the most valuable company in the world. Our thing of the past. Apple is up one point six percent. We check the markets every fifteen minutes throughout the trading day on Bloomberg radio. Yes. And P five hundred is up four tenths of percents up twelve thousand down three tenths of percent, down eighty the NASDAQ is up seven tenths of a percent up. Fifty the ten years up four thirty seconds. The yield two point six two percent. West Texas intermediate crude oil is up three tenths of a percent. Well off earlier highs at fifty-six ninety four a barrel. Comex gold is up a half a percent at twelve ninety seven seventy.

Apple Bloomberg Boeing FAA Brexit Tony Blair Greg Jarrett Prime Minister Federal Reserve Peter Barnes Amy Morris Europe West Texas United States Howard ward Longbow research
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"I'm Peter Barnes with Bob moon coming up. We'll get analysis of the president's second summit meeting with Kim Jong UN from former US ambassador to China and former Senator Max Baucus, but first let's get a check on the markets from Bloomberg's Doug Christner. Bobby equity space has been kind of fluctuating today between gains and losses right now are the major indices are at the lower levels. Not by much centerstage today pitcher, Jay Powell he was before congress day two of his congressional testimony will happen tomorrow, the chairman forecasting solid growth for the American economy. However at a slower rate, given what he described as some cross-currents in conflicting signals one of the main risks. He cited was weaker global growth shares in Home Depot right now off two percent company with disappointing results and going on to say that sales gains will begin to cool this year marrying the trend that we have seen in the US housing market in the foreign exchange right now, we've got the pound rallying against the dollar by about. At one point two percent. This is after British Prime Minister Theresa may promised a vote to delay Brexit if that's if her revised proposal were to fail. The Bloomberg dollar spot index right now is down about two tenths of one percent. We are seeing a stronger. Japanese yen one ten seventy three in that. Relative strength could way on Japanese stocks later today. Dow industrials down one tenth of one percent, similar declined for the S and P five hundred NASDAQ composite is weaker by two tenths of one percent in the US ten year treasury with a yield of two point six three percent. You caught up on markets back to Bloomberg politics policy power in law..

Bloomberg US Jay Powell Senator Max Baucus Kim Jong UN Doug Christner Peter Barnes Dow president Bob moon congress Prime Minister Home Depot China chairman Theresa Brexit one percent two percent six three percent
"peter barnes" Discussed on ESPN Chicago 1000 - WMVP

ESPN Chicago 1000 - WMVP

02:17 min | 3 years ago

"peter barnes" Discussed on ESPN Chicago 1000 - WMVP

"Date here in our new relationship. I feel like I'm going to order another drink, really? Yeah. I think we're on to the second drink, Peter. Did we go from coffee in the first hour to like, I don't know you want to grab lunch lake one of those type deals or reading this. I'm a guy. So it was at the bar to start this thing. Him on Twitter at Nick, see radio. Follow me on Twitter at Peter Barnes. Call from his friend. Eddie did. No, no, no. I'm good. He did. Yeah. You have to go. I knew it was good. When the first hour of the show. You follow me on Twitter at Peter Barnes ESPN. He didn't check his phone more than once during the whole conversation. I feel like that would be a big thing if you're still dating now like an old married, man. Right. This is the big night. And the burns household last night. Because my parents are in town. So we dropped by daughter who's fifteen months off with my parents over at their place. And like we were just like this is great since set of going crazy, Nick. Instead, I'll be like man, we're going to have a million just for in crown royal's. We're going to be great we'll party or like, I can't wait to be at home at nine pm. I'm gonna get into bed. I'm not going to send them a law. Like, it was just like the older, you get when all of a sudden you you're excited for good solid sleep versus partying. I feel like part of me has died inside. But also, I get really excited about it as well. So you were like I was during the week when I was doing like first and last just to try to get into bed and you get into bed at like nine thirty ten o'clock. You're like, oh, God, I might be able to get some sleep. Yeah. And I do first and last. Killed it. I will say this. All right. Peter Byrnes Nichols your best week ever on ESPN radio crazy week, not only in the AFL and the NFL all the soap operas. But in the NBA continues to be like, the young and the restless and our greatest sound of the week ever was what Kevin Durant had to say. Because he got he got heated with the media. In fact, let's do it. Let's get into the greatest sound of the week ever. Greatest sound bite of the week ever notice that you hadn't talked for.

Twitter Eddie Peter Barnes Nick Kevin Durant Peter Byrnes Nichols Peter ESPN NBA NFL AFL fifteen months
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:46 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"You're listening to politics policy and power on Bloomberg radio. I'm Peter Barnes with Bob moon. If Democrats like Senator Elizabeth Warren and the Representative of Alexandria, Cossio Cortez want the wealthy to pay more to the US treasury. They're going to need to contend with. One fact the rich are very good at dodging taxes for more on this. We're joined by Ben steverman. He's a Bloomberg news tax reporter, he's in our Bloomberg eleven three oh studios in New York, and bend a what kind of assume here, obviously, we're talking about legal tax breaks for the wealthy. What what kind are we talking about? Yes. So there's an economic study that just came out the looked at the top point one percent. And so when you think of the rich people you of people picture CEOs or NBA stars pulling in forty million dollars a year. But this study showed that eighty four percent of the very very rich own their own business. And when you own your own business, you really have a lot. Out of control over how much income you take in and how you report your taxes. And so I think that's what Democrats will be contending with if they really wanna go after inequality. They kind of have to go after business owners, and I'm not just talking about corporate shareholders. I'm talking about people who own their own private businesses that they really control day in day out. What money's coming in? What money's coming out of Ben if you're the tax man, what's the most effective way of getting at that money. When those people are pretty smart at shielding their money will Elizabeth Warren solution here is this wealth tax, and in some ways, that's a very blunt instrument. It's just saying to every year to the very very rich saying, okay, tally up, your wealth. Every year you're gonna pay two percent of or up to three percent for billionaires. And just write a check to the treasury. That has its own problems. And we can talk about those. But I think at the end of the day congress really needs to try to be on top of all these loopholes that can be opened up and for a good while now because congress has been so dysfunctional. It's really been bad about keeping an eye on what what tricks wealthy people and their tax lawyers are playing and so all these opportunities have opened up to get around the rules. President Trump's tax Bill actually created more tax breaks for these business owners in in the form of more generous. Provision around pass throughs, right? Yes. So when I'm talking about privately owned businesses. I'm really talking about pass through businesses which are businesses where the income is reported on the owners tax return and those guys got a twenty percent tax break, basically. So if you're in the thirty seven percent bracket your taxes could go below thirty percent. And it's it's it's a huge tax benefit that really is designed to stimulate investment stimulate job growth, at least, that's the theory behind it. But Democrats bar said at the time and are still saying that it just goes in the wrong direction. So I think maybe one opportunity there for Democrats if they really want to go after inequality is to close that that new tax break. The problem is of course, then you're going after small business owners, which are another great politic potent political constituency, what are some of the potential problems with Elizabeth Warren's plan will? So the idea is you tally up your wealth at the end of every year. And then you pay a portion of it to the government. Well, okay, but how much are you really worth? If you have a bunch of socks and a brokerage account me know at the end of the year, what their value is publicly traded on an exchange, but a business. It's can be pretty subjective. And there are a little games, you can play ways you can make it look less valuable than it is boost of expenses by yourself a corporate jet, and how does the IRS get on top of that persecution is higher many many many more IRS agents, and basically they'll be there would be an automatic thing. Where people would be audited certain number of people who've audited every single year in these tax brackets. But it will be a lot of work to keep on top of all those games. You could play there isn't necessarily a solution. Like Mark to market. Well, that would be the the idea is somehow to to get people who are wealthy to Mark their private businesses to market. But maybe there's a way with big data that you could do it. And that's what people are saying that maybe the time has come where it would be easier to do this than in the past labor intensive but we'll see just to walk back through history a little bit. The last time that we. I saw tax increases on hiring earners was I believe under President Obama, and he had control of the house, and he had sixty votes in the Senate. And we don't have that now. So the likelihood of any of these proposals getting approved a distant prospect. Yeah, we're like we're a long ways away from this. But it is interesting that the conversation has started. And I think that's why that's why we're we're talking about it because it seems like the conversation has shifted a little bit. And when you poll people about higher taxes on the wealthy. It's the idea is very popular and the Republican tax reform apparently was on was that was a that was unpopular with folks. So. There's a there's an opening here. We'll see if it we'll see if any. And I'm not I'm pretty skeptical that any of these radical solutions will be book go through. But I think there's broad agreement across the Democratic Party that a lot of these loopholes need to be changed, and maybe some higher rates need to.

Senator Elizabeth Warren Bloomberg Ben steverman congress Peter Barnes IRS Mark US treasury Cossio Cortez Alexandria NBA New York President Trump reporter Representative Bob moon Democratic Party President Obama Senate
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"You're listening to politics policy and power on Bloomberg radio. I'm Peter Barnes with Bob moon. If Democrats like Senator Elizabeth Warren and the Representative of Alexandria, Cossio Cortez want the wealthy to pay more to the US treasury. They're going to need to contend with. One fact the rich are very good at dodging taxes for more on this. We're joined by Ben steverman. He's a Bloomberg news tax supporter. He's in our Bloomberg eleven three oh studios in New York. And Ben what kind of assume here, obviously, we're talking about legal tax breaks for the wealthy. What what kind are we talking about? Yes. So there's an economic study that just came out the looked at the top point one percent. And so when you think of the rich people you a lot of people picture CEOs or NBA stars pulling in forty million dollars a year. But this study showed that eighty four percent of the very very rich own their own business. And when you're. Own your own business. You really have a lot of control over how much income you take in and how you report your taxes. And so I think that's what Democrats will be contending with if they really wanna go after inequality. They kind of have to go after business owners, and I'm not just talking about corporate shareholders. I'm talking about people who own their own private businesses that they really control day in day out. What money's coming in? What Many's coming out of them? Ben, if you're the tax man, what's the most effective way of getting at that money. When those people are pretty smart at shielding their money will Elizabeth Warren solution here is this wealth tax, and in some ways, that's a very blunt instrument. It's just sending to every year to the very very rich saying, okay, tally up, your wealth. Every year you're gonna pay two percent of it or up to three percent for billionaires. And just write a check to the treasury that has its own problems. And we can talk about those. But I think at the end of the day congress really needs to try to be. On top of all these loopholes that can be opened up and for a good while now because congress has been so dysfunctional. It's really been bad about keeping an eye on what what tricks wealthy people and their tax lawyers are playing and so all these opportunities of opened up to get around the rules. President Trump's tax Bill actually created more tax breaks for these business owners in in the form of more generous provisions around pass throughs, right? Yes. So when I'm talking about privately owned businesses. I'm really talking about pass through businesses which are businesses where the income is reported on the owners tax return and those guys got a twenty percent tax break, basically. So if you're in the thirty seven percent bracket your taxes could go below thirty percent. In. It's. It's a huge tax benefit that really is designed to stimulate investment stimulate job growth, at least that's the theory behind it. But Democrats bar said at the time and are still saying that it just goes in the wrong direction. So I think maybe one opportunity there for Democrats if they really wanna go after inequality is to close that that new tax break. The problem is of course, then you're going after small business owners, which are another great politic -portant political constituency, what are some of the potential problems with Elizabeth Warren plan will. So the idea is you tally up your wealth at the end of every year. And then you pay a portion of it to the government. Well, okay, but how much are you really worth? If you have a bunch of socks in a brokerage account. You know, at the end of the year, what their value is publicly traded on an exchange, but a business. It's can be pretty subjective in there, a little games, you can play ways you can make look less valuable than it is boost of expenses by yourself a corporate jet, and how does the IRS get on top of that persecution is to hire many many many more I R S agents. And basically, they'll be there would be an automatic thing where people would be audited certain number of people who've audited every single year in these tax brackets. But it will be a lot of work to keep on top of all those games. You could play there isn't necessarily a solution. Like Mark to market. Well, that would be the the idea is somehow to to get people who are wealthy to Mark their private businesses to market. But maybe there's a way with big data that you could do it. And that's what people are saying that maybe the time has come where it would be easier to do this than in the past less wave labor intensive but we'll see just to walk back through history a little bit. The last time that we. Saw tax increases on hiring. Come earners was I believe under President Obama, and he had control of the house, and he had sixty votes in the Senate. And we don't have that now. So the likelihood of any of these proposals getting approved a distant prospect. Yeah, we're like we're a long ways away from this. But it is interesting that the conversation has started. And I think that's why that's why we're we're talking about it because it seems like the conversation has shifted a little bit. And when you pull a people about higher taxes on the wealthy. It's the idea is very popular and the Republican tax reform apparently was on fair was that was a that was unpopular with folks. So. There's a there's an opening here. We'll see we'll see if any. And I'm not I'm pretty skeptical of any of these radical solutions will be so Bill goes through. But I think there's broad agreement across the Democratic Party that a lot of these loopholes need to be changed, and maybe some higher rates need to be imposed on the wealthy. Ben. Thank you. That's Bloomberg.

Bloomberg Senator Elizabeth Warren Ben steverman congress US treasury New York Cossio Cortez Alexandria NBA Mark Peter Barnes Representative President Trump IRS Bill Bob moon Democratic Party President Obama Senate
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:40 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"I'm Peter Barnes with Bob moon, still to come federal officials are considering building a wall to prepare for growing climate threats. But first time for a check on the markets from Bloomberg's Charlie Pellett. Much moon. Smith, stocks are trading mixed on this Friday here. The Dow holding onto gains of ninety four points four tenths of one percent, S and P four. Now, that's a gain of one tenth of one percent. Nasdaq heading the other direction down nine but dropped their one tenth of one percent after earnings this morning. Amazon is now down by four and a half percent. So stocks drifting better. Unexpected jobs numbers and signs of progress. In trade talks offsetting that disappointing sales forecast from Amazon oil now the highest in more than two months above fifty five dollars a barrel. West Texas intermediate crude up to eighty six barrel now at fifty five thirty five. The American economy added the most jobs in eleven months in January and with more on the job story. Here's Bloomberg's Vinny Del Giudice job growth topped Wall Street estimates advancing by three hundred four thousand a solid showing plain and simple, but wages showed little change in the unemployment rate edged up to four percent during the government shutdown. Looking ahead. It'll probably be hard to match. Recent data economy is forecast to slow down ice Bloomberg radio. Gold down three tenths of one percent to thirteen seventeen yount sand. Again, recapping here stocks mixed SNP up three up one tenth of one percent. I'm Charlie Pellett. And that is a Bloomberg business flash. Hank you, Charlie. Well, there is. The wall. And then there is another wall. Joining us to explain the differences, Christopher the flow valley is a Bloomberg news climate and adaptation reporter he's in our Bloomberg ninety nine one studios right now. And Chris explain the difference for us. There is there's the wall that we think about when we hear security and the military and the wall, then there's this wall. Bloomberg got internal department of defense documents describing a proposal to put up a fourteen foot. Flood wall around the Washington navy yard here in Washington DC is the oldest navy insulation in the country. Lots distort value, many important naval officer there, and it is deeply threatened by the effects of climate change flooding in particular, the navy is aware of this. They are looking at what to do and the proposals. They looked at seem to focus on building. This giant wall? Not clear if it'll happen we'd spent some time chasing down the status. But certainly it shows that the navy like other parts of the federal government is taking the risk of climate change very seriously. Now, why the focus on this particular military facility? So I look if you're the navy live. So he's worried about I think because of the number of senior offices and parts of navy that are headquartered in this society. It's a it's a particular risk. And also, it's in the capital. This is less than two miles from the US capitol building. So they've got they'll probably face more pressure with this facility in terms of showing that they're protecting against climate change. Then more far flung locations, and there's probably the money. The problem is there's also neighbors the problem with erecting a wall of this size in a heavily developed area. Like, the DC waterfront is you can protect a particular plot of land. But you tend to do it by redirecting floodwaters to the neighbors. So it's not clear they'll be able to get permission from the city and from fellow thrills actually, do it. And it's also not clear what their alternatives might be. So this would be a fourteen foot, high flood wall and. This Iran nuclear actually, probably has to be a concrete wall. The wall. Antics this one. This look, it's really hard this. What makes us interesting that shows how difficult it is to protect these existing facilities. Weather navy military civilian businesses. Anything else that happened to be in built up neighborhoods? There isn't really a good way to protect a whole sort of swath of land like this along the riverfront and the military is on this because they got planners whose job is to think about this. They've got a budget for it. I think other parts of the US in terms of businesses and government and individuals will probably watch what the military does and say, what are the lessons? They've learned the lesson. So far seems to be again, it's hard to find a solution that people around you we'll be happy with. I think one of the reasons for the the attention as well in the story line of the popular NCIS TV show, isn't that where the navy the naval criminal investigative service is headquartered at the Washington naval yards in. I wouldn't be surprised. Oh, I confess. I'm not a watcher of that particular show. That's the kind of the kind of offers that you find here. And part of the reason why I mean, these are important functions that are headquartered at this facility. They've got to get this, right? How much would this cost? How long would it take to build it? What's the timeline? So the document we obtained through a public records. Request did not say how long would take the Bill. They put the cost of the thirteen million to twenty million dollar range. My hunch is that that would be initial construction costs and wouldn't include ongoing maintenance. But probably the the biggest obstacle is not the money or how long it takes to build. It's getting permission from everyone. You have to get permission from my central reporting. The story is. If they chose to pursue this as their approach to climate change at this location. It would be a tough sell tough. She'll also because politically speaking this would be the Trump administration acknowledging the effects of climate change so reporting this there seems to be a bit of a a dance going on right where at a high level, President Trump and senior officials will publicly dismiss the veracity of climate change. But it doesn't seem like they've put that much pressure on individual offices in individual agencies to cease the work they're doing to prepare for that risk. So there's a a little bit of a distance here. I think probably it's to the credit of the civil servants staff and the military staff who work on these issues that they continue to work the dishes because they know there's a financial cost to their agencies if they don't work on them. So they don't have political cover for those tough calls, but it doesn't seem. They've been directed to flat out stop this work. Maybe just do it more quietly. Bobby mentioned this is the site of the TV show. But this is also a historically pretty important place. This this facility was established in seventeen ninety nine. It's the navy yard is the services oldest installation was one of the I think the initial shipbuilding site in the US. There was a period where all or most navy munitions were produced at this facility. And it's sort of the anchor site of the southeast waterfronts. So definitely it's again hard to overlook this. And they've had significant flooding in the past and some pretty alarming numbers in this document showing their future risk. So again, they can't ignore it. But they also can't seem to find a solution that won't upset the neighbors, and Chris and Bob guess what? We're going to talk about next. Tell me tell me the other wall. Christopher's Lavelle, Bloomberg is climate adaptation. Reporter thanks for coming by today. So coming up on Bloomberg politics policy power law. Republican lawmakers negotiating negotiating a border security deal to avoid another partial government shutdown are running into an increasingly familiar obstacle. The president Bob take it from here. We're not going to wait to talk about the wall. President Trump is giving his strongest indication yet that he will declare a national emergency to seize the money for his border wall sweeping to reporters in the Oval Office today, Trump strongly ended he will use his state of the union address next Tuesday to announce his plans, the president has triggered a question of semantics in recent days over what he wants to call his border wall a couple of weeks ago, he expressed indifference to whether it's a wall or something else. We don't use the word wall necessarily, but it has to be something special to do the job steel slats. Now, you seems to be clinging with renewed tenacity. To the world the word that became his campaign mantra, declaring a wall is a wall. Senior adviser Kellyanne Conway was asked if that's now an important distinction. Silly. Semantics argument today Trump suggested that nearly repairing existing structures along the boundary is significant for her parts. House speaker Nancy Pelosi has declared there will be no wall money. Trump reacted caustically today saying she hasn't got a clue and is harming the country after his pursuit of why can't we be friends with Vladimir Putin? President Trump is complaining the US can't be the only country in the world bound by a Cold War era treaty banning intermediate range, nuclear weapons secretary of state, Mike Pompeo says the US is giving Russia a six month timetable to start complying. The United States is hopeful that we can put our relationship with Russia back on a better footing. But the onus is on Russia to change course, pattern of destabilizing activity, not just on this issue, but on many others as well landmark treaty has been. Centerpiece of.

Bloomberg President Trump navy United States Bob moon Charlie Pellett Washington Washington navy Amazon Chris Weather navy reporter Christopher West Texas Russia Smith Peter Barnes Iran
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:32 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"On Bloomberg radio. I'm Peter Barnes with Bob moon. Bob Bellezza post to be a policy to make American businesses happy. If you were regulations less red tape when it comes to climate change. But as the Trump administration roles back those moves to curb global warming anxiety grows for many companies, Bloomberg news climate reporter Crispell bell has put together some examples AT and T fears hurricanes and wildfires may knock out at cell towers, and the Walt Disney company is concerned. It's theme parks. We'll get too hot for vacations. Chris I ask you have you ever stood in line waiting to get into splash mountain down in Orlando. It sure can get hot already. That's a good point. So what what are some of these concerns, and why are they rushing? So what I did was we looked at some existing disclosure forms that companies already make to their credit, quite candidly, saying number one here the specific risks we see because of climate change to our operations and to our customers and number two the opportunities. So we go through some examples as you noted Walt Disney company said there could be a point pretty soon when some it's theme parks in Florida and California could become uncomfortably. Hot Coca Cola said it's worried about water supply at its bottling visibilities AT and T said you could have more storms knocking out networks. It goes on and on. I was really impressed by again, the degree of candor these companies had it's not clear, and this is really important. It's not clear from users folder forms. Just how much is doing about the risk. But at least they're beginning to acknowledge it. Are there any that are doing anything? I would imagine coke. This has got to be really concerned about getting water. My guess is that the company with the best best risk management will at least say look look at our supply chains where there's the most vulnerability and look at maybe moving those to what it's water less drought prone areas if it's wildfires or flooding away from forest coast. But the problem with these problems is that they move so fast. It can be hard for companies to really get ahead of them. Because you don't know what will be a next month problem or a next year problem or a next decade problem because no one knows right? This is moving faster than any of us thought even two or three years ago. Some of these bottling companies have already been coping with these issues in dry areas of they come up with with any solutions again, you know, companies in these disclosure forms that I read through talk about how they're getting better at using less water. That's also true for tech companies that use water to cool their processing stations their data centers. But again the question is you can handle a marginal reduction in Waterville ability. But what if you in a drought that goes on for weeks or months, and your pricing goes up? I get there's a real sense in these reports in these forms that companies are bracing themselves, not just for the challenges, they know about but to use that classic phrase, the the unknown unknowns. The question of how long they have and how bad it'll get now the flip side of that is just as the problems are unknown. The opportunities are unknown. But they certainly are again remarkably candid in the forms. I read talking about how they think they can. Use these negative effects of climate change to increase their revenue selling more products, designing new products and generally staying on top of what they think their customers want as storms and floods and fires get worse. Interestingly some of the companies that made these disclosures declined to comment to you about them. Why you know, I get the sense that companies have almost two minds on this. They want to be transparent, or at least make an effort to be transparent with investors and with the investment community in general. And separately. I think they're a little more careful when it comes to talking to the public or reporters about it because obviously climate change very fraught issue, and and it's sort of late in with these moral overtones. So my sense is in general, they are again more forthcoming when they're speaking to investors. Whether it's SEC filings, or at least filings through a UK nonprofit called CDP, they're a little more upfront about what they see as the risks, and you can tell from the language they use. They are not really trying to spin it or they don't seem to be there being again remarkably candid about where they see new business coming up as a result of what most of us would describe as terrible events that old saying there are two sides to every story. Of course, his reporters, we know that there are usually many more than two sides. But what about the the upside for some companies? So the trick with these filings is that it's not clear, whether the upside will outweigh the downside. Side. And my guess is most don't know yet. None of us know, but they certainly are being apparently aggressive and figuring out what sort of new product lines will make sense as climate change gets worse. What sorts of new ideas new services people might want and how to find new ways to use existing services. Apple for one example, mentioned that it's iphones also make excellent sirens and flashlights and can be hand cranked. When the battery runs out, which I suppose I hadn't thought of that. And their point you could see more demand for iphones as extreme weather gets worse. Probably not what you were. I thought when we considered what phone Dubai AT&_T's prediction of losing its towers doesn't come to pass. If there is a cascade effect. How many companies made these disclosures? So it's remarkably well subscribed. I think the total number was around seven thousand companies for twenty eighteen it's a huge number. And I looked only at the biggest companies I think of the thirty five. Five largest by market valuation. Twenty-five similar disclosure, so a really a very healthy rate of participation and again in reading these forms. It didn't seem like they call it in. They seem to be taking these questions seriously and really trying to say again to what I think is mostly an investment audience. Here's a really slice by slice analysis of what these changes mean for us. Good and bad. And here's how we intend at least for now to respond and the financial industry has got to be looking at this and seeing a lot of money moving around climate change is. When you talk to people in business investment. It's really rare to find someone who says this isn't real right? The question seems to be not is it real. But it's real. So what do we do about it? And you hear a lot of ideas some of them which sound questionable. But some of them sound promising about how to respond in shifting your business, and what you produce in a way that will match changes in demand. So I I don't hear so much despair as as much as the landscape is shifting sometime to literally what can we do about it? How do we change what we produced? So that we go where the market is going to be and what others see again a series of human disasters for some people is sort of a challenge, and they seem to be at least thinking about it. Thanks, chris. That's Bloomberg news climate reporter, Christopher Lavelle. You're listening to Bloomberg politics policy and power on Bloomberg radio.

Bloomberg reporter Walt Disney company AT Chris I Bob Bellezza Peter Barnes Orlando Coca Cola splash mountain Trump Crispell bell Bob moon UK Dubai AT Apple
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:44 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"I'm anymore as with Peter Barnes, the US and China have wrapped up three days of trade talks in what appears to be an optimistic note, Bloomberg has learned the two countries positions where closer on areas like agriculture and energy still negotiators were further apart on harder issues. Bloomberg news trade reporter Jenny Leonard has been following this from the beginning. Okay, jenny. So there is some optimism there. Yeah. It seems like it. So I would say that this seems right now like we're actually getting to a very normal trade negotiation. It's lower level officials who you know, from the department of energy from the department of agriculture who actually know their stuff. This is not principles talking. This is a very technical level. Details being exchanged offers being made demands being made. So that went on for two days one. Well, and then extended for actually the day that the US officials were there to kill a day. Anyway. So they were always going home on Wednesday. I think they just had a little bit of buffer where they still could extend the talks for Dane they did. So that's that's good news that was the president's leading economic indicator. The Dow industrial average playing and all this look the president has made clear that he very closely watches the stock market and other indicators and has. Often use it publicly as a measure for the success of his policies. So if you look at that and measure, your success, obviously, you measure your failure on that too. And and the president has gotten really sensitive to recent stock market falls. And so he's getting more and more eager to actually cut a deal and do it fast to offset that I wonder if Pennsylvania Avenue has something to do with it as well. As Wall Street. I'm wondering if there are folks inside the White House his economic advisors, maybe pushing for a quick resolution to all of this. What are you going on? Yeah. You're you're hinting at something that we've seen publicly and privately play itself out over the course of the last two years of Trump's presidency, which is on the trade front. There's always tension behind the scenes between the hawks and the doves, and that's obviously making playing itself out right here. Again, the doves making their case for deal. Sangster president look we know you care about the Dow just look at the numbers if we have. Good China trade news coming out. You'll see green numbers you'll be happy. And the hawks saying Mr President we've set ourselves up for for a long term fight here. We finally got China's attention after putting on two hundred fifty billion in tariffs. Let's just keep this going. Let's not take off the pressure. And that's what the president has to deal with now with roughly fifty days to go in the negotiations before the US tariffs on two hundred billion are set to increase the twenty-five percent. So we're dealing with the president's dealing with a lot of you know, pushing and pulling behind the scenes, I think that's probably true for every policy decision. He's making. But this is playing itself out here in apparently really influencing his decision making on what to do with China. We are always asking about parameters and milestones and data checks and data points. Have they come away with maybe a structure yet? Or is the are these the talks leading to the talks deleted the structure? Yeah. I think it's more the latter. I mean, it took until now to to get to actually firm offers a firm demands from the US we've seen before that China's said, it's agreed to do a significant or bias significant amount of that in that. I think we need to see numbers we need to see a structure commerce secretary Wilbur Ross on Monday said any deal is really really hinging on enforcement and compliance, and how do you punish the other side? If it doesn't do what it agreed to and and so we're really hoping for the framework here, and then enforcement mechanisms alright Bloomberg news trade reported, Johnny Leonard. You're listening to Bloomberg politics policy and power on Bloomberg radio sticking with China. Now, a former Trump administration officials said this week that China's desire to dominate new wireless technology poses a global threat that should be thwarted by a new secure network, retired air force Brigadier General, Robert Spalding said in a memo obtained by Bloomberg news that China will gain a capability for mayhem and mass surveillance. If it. Dominates advanced five G networks that link billions of devices for more on this. We're joined now by Bloomberg news, FCC and technology reporter Todd shields. So Todd my takeaway is this is a new type of space race who gets the technology. I and who gets to dominate it. Am I way off? Well, that's certainly how a general Spalding thinks about it. And a and a significant number of fficials in the Trump administration. I'll have to say the US telecom industry to the the big wireless carriers have have for some time. Now been talking about what they call a race to five G with China as the main the main rival and in China, the biggest company involved with five G or the one most involved with it outside China's borders, at least is the well-known gear maker that's big in Asia, Europe and Africa. So now comes general Spalding up saying that the Chinese will go ahead and establish a network, and we'll establish I if you will quit dominance through the through through the use of Wah away. Z T E another company, and nobody else will be less to make the gear. And we'll be at their mercy is his idea. So it's a sort of space racist. But in the space race, right? You send up a rocket. And there it is. And you feel bad, and you feel like you're in second place in the case of telecoms it use it every day. So it's right there in your living room in your office. So there's there's a big difference there on that analogy there any US manufacturers of this equipment. I mean if it now. They're not really not really Nokia Ericsson and Samsung are the three that are named along with a hallway TA. So they're got Samsung is in in Korea. Of course, I believe Nokia and Ericsson are both European base. So the, but they seem to be when I talked to national security types, and and. Cybersecurity types there seems to be a greater trust in the the the non Chinese gear makers then in the two from China. I wonder about the memo itself which paints a super dark picture of just for example, weaponising cities. I mean, where was he going with this memo, and what was the aim of that out? Well, right. Yeah. Yeah. You could do bad things if you control the network is kind of the idea is sort of almost Hollywood movie. Like, isn't it that you could somehow? I mean on a simple level, you could probably try to foil the navigation of connected cars, although I'm sure the connected car Pete. We'll tell you. No, no, no. We're going to build insecurity for that. But just points, pretty basic. We've got networks. Now, you drive around towns and cities, and you look up on the tops of buildings or over on tower. And there's six eight ten fifteen and ten is there. They look like pretty dense antenna arrays, maybe this will be billions and billions of devices these are going to be hundreds of antennas in a spot, and they'll communicate. On all sorts of of levels doorbells refrigerators cars remote surgery, you name it. So every one of those devices is sort of a vector for somebody to come in to the network and use it as a portal to get in and contribute to an attack. So the bad guys going through the they sees a bunch of devices and the devices kind of act in concert like like an army of mice. I guest amount that attack and there's so much traffic, but it deny service to others and disrupts networks. All right. We're going to watch it with you. Thank you. Thank you. Shields covering the FCC and technology for Bloomberg news. You're listening to Bloomberg politics policy and power on Bloomberg radio. Coming.

China Bloomberg US president Robert Spalding hawks Jenny Leonard FCC reporter Peter Barnes department of agriculture Trump Todd shields President Nokia Ericsson Dow Johnny Leonard Dane
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:36 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"More than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. You're listening to politics policy and power on Bloomberg radio. I'm Peter Barnes with Bob Mon if recent history is any guide federal contractors could be out more than two hundred million dollars a day in lost or delayed revenues from the partial government shutdown based on data compiled by Bloomberg. Chris Lavelle is a Bloomberg news Washington reporter, he has the byline Kobe line on this story joins us now for more on it. Chris break it down for sure. So I think one of the less appreciated effects shutdown is not only are federal government employees working without pay. But there are a huge number of companies and other contractors that rely on these agencies for business, and those contracts those awards are almost entirely stopped during the shutdown. So we looked. At how much money is usually coming out of these agencies. And where does it usually go? Now, of course, there's no way to precisely quantify saying that is not happening. So Paul Murphy at Bloomberg government. And I we looked at fiscal eighteen the last complete fiscal year to see who usually gets the contract money awarded by it's a huge amount of money. I think the figure for two thousand eighteen was eighty six billion dollars in conduct awards, and we broke down in the story where that money went as sort of some idea of which companies might be facing the greatest risk of losing or delayed revenue, especially if the shutdown keeps on going. Now, do we have any indication.

Bloomberg Chris Lavelle Susanna Palmer Peter Barnes Bob Mon Paul Murphy Washington reporter Kobe two hundred million dollars eighty six billion dollars
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

11:52 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"You currently have or right now, you're pretty happy with what you're doing very happy with what I'm doing and with the great honor of of doing this job. So I want to thank you for coming today. I'm going to give you a gift we have a first printing of the Federal Reserve act, which is now a hundred and five years old. I think I have right here. And this is a cost less than fifty dollars because you're not allowed to take any more than fifty dollars. So this is. Forty nine ninety nine I think, but. Great great. Thank you. And even listening to fed chair Jay Powell at the economic club of Washington DC being interviewed by Carlyle group's David Rubenstein. He said once again that the Federal Reserve has the ability to be patient and watch carefully. How the economy unfolds as it considers how to proceed with the future rate hikes and policy will continue our analysis and conversation about that ourselves here in politics policy power in law in just a moment. But first we want to get a check of the markets with Bloomberg's Charlie Peter Barnes. Stocks lower across the board right now, stocks declined as fed chair. Jerome Powell spoke about returning the central bank's balance sheet to a normal level. You heard his comments live right here on Bloomberg radio in a situation where we have factors pointing in different directions, by the way, this is not uncommon. This is this is actually something that happens, not infrequently. And when we when we when we have that what we do is. We we apply sort of risk management principles were in other words, we're not just concerned. About the baseline case. We're thinking about what are the risks? And we're we're we're using our tools to address those risks and fears of a retail sales slowdown and the potential consequences of the ongoing ongoing partial government shutdown also weighing on financial markets. Here's what we stand. The s&p down four now down two tenths of one percent. Nasdaq down thirteen also a drop of two tenths of one percent. Dow Industrial's down thirty a decline narrow one tenth of one percent. The ten year down to thirty seconds. Yield of two point seven two percent. Gold is down five tenths of one percent. Twelve eighty six ounce and west Texas intermediate crude slumping one tenth of one percent holding close to fifty two dollars a barrel. Fifty two twenty eight Brent is down just about two tenths of one percent. Macy shares moving lower after the department store chain cut its annual profit and sales. Forecasts Macy's plunging. Now by eighteen point six percent. Recapping stocks lower SNP down five dropped their of two. Tenths of one percent. I'm Charlie pelletan. That Peter Barnes is Bloomberg business flash. Thank you, Charlie. Now, let's get back to Jay Powell's latest remarks at the economic club of Washington our own Chris Condon's, Bloomberg news Federal Reserve reporter was at the at this event and joins us now by phone to tell us more about it in Chris. I'm sitting here thinking, okay. This sounds like more of the same from fed chair Powell was it did you get some new headlines out of it. There a couple little twists here. I do agree with you that overall he was trying to hammer away at the same message that he hit on the fourth of January that you'll never in Atlanta where he was a lot more soothing to the markets. He he's setting up to narratives for the economy one, which condiments believe is the right one based on the economic data, and that's a positive narrative, and the other is the more negative narrative that markets are paying attention to that is very much driven by risk factors coming out of the December nineteen meeting. There was a lot more emphasis on the positive narrative, which of course, sends a signal that they're carrying on with the future rate hikes. Now, the messages again, we really are keeping our eye on the more negative narrative that markets are attuned to and we have. Time to adjust. If that's the narrative that turns out to be right. So again, it's it's we're paying more attention to that reassuring. The markets were paying attention to that. I have to say that there are a couple little twists. He he I think he also tried to back away on the balance sheet. But it didn't I don't think it came across the markets. I'm hearing that the market moved a little bit negatively on his balance sheet comments. He did not use the keyword autopilot though. I think that would be his way of trying to irritate the markets. But I'm not sure he's sixty did another new little negative twist. He made some comments I had not heard before on the government shutdown thing. So far, no, no real pain from that. But if it continues longer than there really will be Lear negative economic fallout from an extended government shutdown Chris Bob moon here what I'm was taken. By was how many times he used the word flexible, and then he added patient tossed in as well. A what did he mean by that interpret that for me? Very much. Yeah. That's part of the ongoing message now as an accent. I think that's fits into what I was talking about earlier with these two narratives and the uncertainty. You know, which is it going to be are we going to kind of back, and we'll the continued jobs growth in consumer spending carry us through in two thousand nineteen early well or will the global risks which slowing down of China and other factors is that gonna end up pushing growth a lot more lower. They don't he's trying to say they don't really know in. They don't have to make a decision on policy. Just yet. I most people are interpreting the March meeting is already off the table in terms of rate movements. So I think they're set up for a period of at least six months where they can just watch the incoming data. So again, he's saying we don't have to make any decisions right now. And that means basically they're going to hold rates steady for awhile. Another question the David Rubenstein s Jay Powell was about the president and his comments about the fed is criticism of the fed. And whether or not Powell has got any meeting with the president scheduled what did Paul say about that? Right, partly. There's nothing scheduled quite yet. I mean, he said certain things he has to say like if a president your first of all it's not unprecedented for fed shares and president to sit down and talk number one number two. President asks for you to come and GM you do that. You don't turn down the president of the United States. All of that being said, he's not eager to have this meeting. He said there isn't anything scheduled at the moment. E- clearly didn't want to annoy the president by saying that explosively. He's not doesn't want the meeting, but it doesn't sound like anything has come together yet. And it's not going to happen. Not have any initiative from the bed. It would have to be from the White House. Probably from the president himself. Let me come back to this balance-sheet comment that the chairman made is it your sense based on what you heard the chairman say this time around that the market is sort of got a knee jerk reaction just to the phrase balance-sheet. It could be now I have to say we don't really know what the market was reacting to. I don't want to put out a, you know, a narrative that we have great confidence. What was moving crisis? It's kind of happened right about the time that he started speaking about the balance sheet, the market is pretty sensitive to that. And it's it's a bit of a mystery. I'll be honest as to why they're so sensitivity, the real impact on borrowing costs on financial conditions from this very gentle runoff on the balance sheet is pretty modest, and you know, the the the market just really doesn't like the idea of essential rate hike and the balance sheet going at the same time even with the backing away from rate hikes for probably at least six months. So, you know, it's one of those things that when it gets fixed and in active in. Pastor's mind, it's very difficult to dislodge even with his efforts to avoid some of the problematic words like autopilot. It's still perhaps was Tadic. Some in the market a quote from Neil Dutta at renaissance macro research, a well that was in progress saying it's almost like he wants to balance sheet to be the primary tool of tightening. Oh, I. Without due respected. Neal. Powell and the rest of the fed officials have all said consistently that it is not their primary tool. They do not want it to be their primary tool, and they view it as having a much smaller impact on financial conditions. Then then rate it's something that they find what happened in the background the very reason that it's such a modest slow moving and predictable runoff is econ- back under the market showed its sensitivity to any changes and balance sheet. Also you remember the taper tantrum. Yeah. Yeah. Chris, Chris, we're we're up against the clock here. But so we have to we have to jump. Thank you, though. Chris condom, Bloomberg news Federal Reserve reported. Thanks for your time. Once again now, let's get back to Bob moon for a check on world and national headlines. Bob, peter. Thank you. It's the Democrats who are lying says the president in the portrayal of him during yesterday's contentious meeting at the White House. Trump said. On twitter. The meeting was a waste of time. But on the way to visit the border in Texas today, he told reporters he left calmly. I didn't. I didn't raise my boy that was the live. He declared yesterday that he'd go around congress with his own emergency declaration. If he couldn't make a deal with people that are unreasonable. He said today he's still considering that. Adding if this doesn't work out probably I will do it. Senate Democratic leader Chuck Schumer says it's Trump who's holding the American people hostage as leverage. I didn't raise the partial government shutdown is in day twenty and there's no end in sight. If it's not resolved by Saturday. It will become the longest such shutdown in American history. Hundreds of thousands of federal workers off the job or working without pay. President Trump made it official he will skip the annual gathering of global financial elites in the Swiss ski resort of Davos later this month. A person familiar with the treasury secretaries plans says Steven Mnuchin plans to attend the Davos conference with a smaller US delegation. If Trump decides not to go Japanese Prime minister, Shinzo Abe's says his country and the world the whole world what Britain to avoid leaving the European Union without a deal to ensure trade continue smoothly. Ave spoke after a meeting with the prime minister in London today. Coble news twenty four hours a day on air at a tick talk on.

Federal Reserve Bloomberg Jay Powell president President Trump David Rubenstein Texas Washington Chris White House Macy United States Jerome Powell Charlie Peter Barnes Peter Barnes Carlyle group Atlanta Charlie pelletan congress
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"That's just a day after he stormed out of that meeting with Democrats the impact of the nearly three week long government shutdown ready to intensify. Peter Barnes can President Trump claimed credit for the booming job market. Maybe partly. But before we get to that. Let's get a check on the markets from Bloomberg's Greg Jarrett. Greg. Thank you, Peter as the president. Leads to the border the US stocks clawed back from early losses. Trade a bit higher restricting utilities real estate overwhelms spears of a retail sales slowdown and the potential consequences of that ongoing. Partial government shutdown are also continuing concerns over the U S China trade war shaima fridge, Gordon, tells Bloomberg while he's optimistic about the US trade talks leasees, no, really quick fix. It is easy to achieve. I think compelling traditions from. Economy. Such scale. You're not TV contestants. We saw NAFTA with Mexico and Canada feeding ground Saudi quickly. I don't think China has the same. The motivation to run and run and be as investors. We check the markets every fifteen minutes throughout the trading day here on Bloomberg radio, the S and P five hundred is up a tenth of a percent up four Dow's up two tenths of a percent up forty-three in the NASDAQ's up at ten percent of seven the ten year is down one thirty seconds. The yield is two point seven one percents. West Texas intermediate crude is little changed out fifty to thirty four barrel. Comex gold's down two tenths percent at twelve eighty nine thirty announced the dollar yen is one hundred thirty the euro dollar fifteen fifteen the British pound dollar twenty seven sixty two as a Bloomberg business flash is time now for the market driver's report. Dave Wilson, and.

Bloomberg Peter Barnes Bloomberg radio president Greg Jarrett US NAFTA Trump Dave Wilson Gordon West Texas China U S China Mexico Canada one thirty seconds
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:58 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"Peter Barnes with Amy Morris and June Grasso. Still to come. President Trump is increasingly eager to strike a deal with China. Perk up financial markets worried about the trade war. But first we check the markets. Let's go to Bloomberg's Greg Jarrett. Stocks are higher Amy with the Trump administration confirming indeed China has committed to buy more US agricultural goods energy and manufactured products. Yes. He is time for a fourth consecutive day to the highest almost a month led by tech companies in west, Texas. Crude is searched about fifty dollars a barrel. Michael shall market field. Chairman CEO and portfolio manager tells Bloomberg he is optimistic China trade deal will be struck for a couple of reasons that China went down to Parslow year, it was tightening internally and then found itself in the middle of a trade dispute. They have been reversing that finding I think that's gonna have some effect on consumer demand in in in two thousand nineteen. But I I think the Chinese do want to settle trade disputes with the United States. I think we all going to have some kind of a deal in place for school. We check the markets every fifteen minutes throughout the day on Bloomberg radio. S P five hundred up six tenths of a percent up. Fifteen. Dow's up six tenths percent up one hundred forty two and the NASDAQ is up almost one percent up sixty six the ten year is down one thirty seconds yield. Two point seven three percent. West Texas Intermediate's up four point three percent at fifty one ninety three a barrel. Comex gold's up three tenths of a percent at twelve eighty nine seventy announced the dollar-yen stands at one eight thirty euros a dollar fifteen thirty one and the British pound the dollar twenty seven. Seventy what getting news that Eddie Lampert. ESL investments? Hedge fund is planning to new hire bid to keep Sears holding in business. Advisers. Hedge better drafting visit would satisfy conditions set in US bankruptcy court yesterday. Let's see the stock has got three point eight percent on that. That's a Bloomberg business flash politics policy, power and law.

Bloomberg China United States Amy Morris Greg Jarrett President Trump Eddie Lampert West Texas Intermediate Peter Barnes June Grasso Texas Sears Michael Dow Chairman portfolio manager CEO
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:42 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"I'm Peter Barnes with Bob moon. President Trump added twenty eighteen dramatically by ordering US troops out of Syria and accelerating his defense secretaries resignation by two months. The first quarter of two thousand nineteen looks to be just as tumultuous for more on this. We're joined now by Bloomberg news national security team leader, Bill ferries Bill. The president has a lot of deadlines coming up this quarter. Give us the highlights. One of the biggest things I. I think on President Trump's foreign policy plate in the coming months is is China and trade he has threatened to put or raise tariffs from ten percent to twenty five percent on about two hundred billion dollars in Chinese goods and vowed obviously have a huge market shakeout. Now, the president has said that he and Chinese president Xi Jinping are having some good conversations and that they're trying to work all this out. But but the threat is looming out there, and it doesn't look like we've seen concrete progress the point to at this point. And there's just the issues that that are really remain out. There are really kind of the most difficult ones obviously to to fix. So it's hard to know if that's a deadline that either the Chinese with the American negotiators can meet. There's also North Korea president has said he would like to meet with Kim Jong Hoon. And he's tried to remain very optimistic about that. So far, we haven't seen very much progress on denuclearization of the Korean peninsula. And then on January first Kim Jong own gave his annual New Year's speech in which he basically signalled. North Korea's patients with this process while facing international sanctions is running out. The US has long said it doesn't want ease up on sanctions until Kim gives up his nuclear weapons Cam is suggesting maybe the US will have to bend on that position just a little bit. So does this present a chicken and egg dilemma here? It will be. Yeah. I think I think that's going to be the biggest challenge for American negotiators is how to how to thread that needle. How do you? How do you give North Korea? Something it can it can take to the Bank. It can feel good about without easing up on the pressure. And I don't know, you know, that's that's been the conundrum. I think everyone who's dealt with North Korea for more than a generation going back three three or four presidential administrations has had to struggle with and in his cabinet meeting. The president said he's not in any rush to meet with the North Korean leader. So his position is really. The administration's position has shifted over since since that June summit last year in Singapore between Trump and Kim Jong Hoon of the US came out of that saying, yes, we're going to achieve denuclearization by really by the end of President Trump's first term in office. So that would be January two years from now. January twenty twenty one. Since then the US has really walk that back and said, well, we're in no rush. It'll happen when it happens that has probably given Kim Jong own more space to to look at how to for instance, try to try to wedge or divide South Korea from from the United States, try to work more with China. Tried to really raise the pressure on the US to take some steps in its direction rather than vice versa. And then you also have the president talking about Syria saying that he would withdraw troops from Syria over a period of time. So it does look there's any deadline bear in his quarter. Is there was well there was this. You know, it appeared the decision that President Trump made right before the Christmas holidays. It was very abrupt had suggested that that troops would be coming home within weeks. It does seem that the administration is walking that back a little bit more slowly now Israel, for instance, has been very. Concerned that a sudden pull out of US troops might endanger its security a little bit. It really leaves more ground in Syria open up to to both Iran and Russia. So if you're if you're the family of someone who is currently deployed in Syria. I don't think it's clear at all. When when your loved one will be coming home at this point of the White House is still talking about a period now of months, but I'm I'll be very curious to see if one hundred days from now, for example, there are any US troops there. I think it's very likely that there will be thank you Bill. That's Bloomberg news national security team leader, Bill ferries. You're listening to Bloomberg politics policy and power on Bloomberg radio. I'm Peter Barnes with Bob moon. The National Rifle Association may be about to reap a bounty. From an unlikely source. Congressional Democrats Bloomberg news campaign finance reporter Bill. Allison wrote the story and joins us now. So Bill what kind of numbers are we talking about for the NRA? They had a a big drop actually in two thousand seventeen and this occurred in there. They were they raised. A record amount in two thousand sixteen presidential election. It was like three hundred and sixty six million dollars out all of that goes to politics, obviously. But they were able to spend around fifty four million dollars on the the twenty sixteen elections, and they had a huge drop off in in two thousand seventeen store over three hundred million. I was down quite a bit membership dues were down. Donations were down to about twenty two percent. And but the thinking is at least among NRA recruiters and people who raise money for the group that was the Democrats pushing the gun control in the house and remember Democrats who said they're going to this could really spike up number ship. And it's happened in the past whenever gun control issues raised is the NRA of trying to take advantage of this already or will that come? I think that'll come and they have definitely pointed to Democrats in congress. In some of their. Pre election stuff that they were putting out in the concerns that what would happen if Democrats took over. But I think it's once there are more specific proposals on the table and more. As one person told me all we need Isabel introduced, and then we can really start raising money off of that. So it's something that I think that it will be coming in the year to come. So all the NRA wants is a Bill because I mean with the Republicans control the Senate, then President Trump and the White House is highly unlikely that any significant gun control measures would pass. Well, that's true. And. You know, there's there's two things that seem to spike up an array donations and one is when there's the prospect of some kinds of gun safety laws being passed the really had a huge, spike and actually two thousand seven after the Democrats took control of congress after the following the two thousand six midterms. So obviously one thing is political concerns and other thing is when guns are in the news because of a shooting, and what we saw for example, parkland. There was a a huge amount of sustained attention for a while on on gun issues in the wake of the park in Florida shooting, but there is no kind of legislative follow through. And you saw the pack donation spike that month we have month to month. Data for what happens in and they had their their biggest month ever raising money for their political action committee the month after the first full month after the park them shooting, but that didn't carry over throughout the year. And one of the things is there wasn't the threat of of legislation to follow at the national level. Thanks bill. That's bloomberg. News campaign finance reporter, Bill Allison. You're listening to Bloomberg politics policy and power on Bloomberg.

President Trump president Bloomberg US North Korea Syria Kim Jong Bill Allison Bill bill Kim Jong Hoon NRA National Rifle Association Peter Barnes China team leader congress reporter White House Bob moon
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:43 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"I'm Peter Barnes with Bob moon. President Trump added twenty eighteen dramatically by ordering US troops out of Syria and accelerating his defense secretaries resignation by two months. The first quarter of twenty nine thousand nine looks to be just as us for more on this. We're joined now by Bloomberg news national security team leader, Bill ferries Bill. The president has a lot of deadlines coming up this quarter. Give us the highlights. One of the biggest things I think on President Trump's foreign policy plate in the coming months is is China and trade he has threatened to put off or raise tariffs from ten percent to twenty five percent. Sent on about two hundred billion dollars in Chinese goods, and bowed obviously have a huge market shakeout. Now, the president has said that he and Chinese president Xi Jinping or having some good conversations. And that they're you know, trying to work all this out. But but the threat is looming out there, and it doesn't look like we've seen concrete progress two point two at this point. And there's just the issues that that are really remain out. There are really kind of the most difficult ones obviously to to fix. So it's hard to know if that's a deadline that either the Chinese with the American negotiators can meet. There's also North Korea president has said he would like to meet with Kim Jong. And he's tried to remain very optimistic about that. So far, we haven't seen very much progress on denuclearization of the Korean peninsula. And then on January first Kim Jong own gave his annual New Year's speech in which he basically signalled. North Korea's patients with this process while facing international sanctions is running out. The US has long said it doesn't want to ease up on sanctions until Kim gives up as nuclear weapons Cam is suggesting maybe the US will have to bend on that position just a little bit. So does this present a chicken and egg dilemma here? It will be. Yeah. I think I think that's going to be the biggest challenge for American negotiators is how to how to kind of thread that needle. How do you? How do you give North Korea? Something it can it can take to the Bank. It can feel good about without easing up on the pressure. And I don't know, you know, that's that's been the conundrum that I think everyone who's dealt with North Korea for more than a generation going back, you know, three three or four presidential administrations has had to struggle with and in his cabinet meeting. The president said he's not in any rush to meet with the North Korean leader. So his position is really the. Administration's position has shifted over the since since that June summit last year in Singapore between Trump and Kim Jong of the US came out of that saying, yes, we're going to chief denuclearization by really by the end of President Trump's first term and office. So that would be January two years from January twenty twenty one. The since then the US has really walked that back and said, well, we're in no rush. It'll happen when it happens that has probably given Kim Jong UN more space to to look at how to for instance, tried to try to wedge or divide South Korea from from the United States, try to work more with China. Try to really raise the pressure on the US to take some steps in its direction rather than vice versa. And then you also have the president talking about Syria saying that he would withdraw troops from Syria over a period of time. So it does look there's any deadline. They're in this quarter. Is there there was well there was this? You know, I it appeared the decision that President Trump made right before the Christmas holidays. It was very abrupt had suggested that that troops would be coming home within weeks. It does seem that the administration is walking that back a little bit more slowly now Israel, for instance, has been very. Concerned that a sudden pull out of US troops might endanger its security a little bit. It really leaves more ground in Syria opened up to to both Iran and Russia. So if you're if you're the family of someone who is currently deployed in Syria. I don't think it's clear at all. When when your loved one will be coming home at this point of the the White House is still talking about a period of months, but I'm I'll be very curious to see if one hundred days from now, for example, there are any US troops there. I think it's very likely that there will be thank you Bill. That's Bloomberg news national security team leader, Bill ferries. You're listening to Bloomberg politics policy and power on Bloomberg radio. I'm Peter Barnes with Bob mood. The National Rifle Association may be about to reap bounty. From an unlikely source. Congressional Democrats Bloomberg news campaign finance reporter Bill Allison wrote the story and joins us now. So Bill what kind of numbers are we talking about for the NRA? They had a big drop actually in two thousand seventeen and this occurred. They were they raised. A record amount in two thousand sixteen presidential election was like three hundred sixty six million dollars. Now, not all of that goes to politics, obviously. But they were able to spend around fifty four million dollars on the the twenty sixteen elections, and they had a huge drop off in in two thousand seventeen over three million. But I was down quite a bit membership dues were down. Donations were down down about twenty two percent. But the thinking is at least among NRA recruiters and people who raise money for the group that with the Democrats pushing gun control in the house number Democrats who said they're going to this could really spike up number ship, and it's happening in the past. Whenever gun control issues raised is the NRA of trying to take advantage of this already or will that come. I think that'll come and they have definitely pointed to Democrats in congress. In some of their in the pre election stuff. They were putting out in the concerns of what would happen if Democrats took over. But I think it's once there are more specific proposals on the table and more. You know, as as one person told me all we need Isabel introduced, and then we can really start, you know, raising money off of that. So it's something that I think that it would be coming in the year to calm. So all the NRA wants is a Bill because any with the Republicans control the Senate, then President Trump in the White House. It is highly unlikely that any significant gun control measures would pass. Well, that's true. And. You know, there's there's two things that seem to spike up donations and one is when there's the prospect of some kinds of gun safety laws being passed the they had a huge, spike and actually two thousand seven after the Democrats took control of congress after the following the two thousand six midterms. So obviously one thing is political concerns and other thing is when guns in the news because of a shooting, and what we saw for example, parkland. There was a a huge amount of sustained attention for a while on on gun issues in the wake of the park in Florida shooting, but there is no kind of legislative follow through. And you saw the Pac donation spike that month we have month to month. Data for what happens in and they had their their biggest month ever raising money for their political action committee the month after the first full month after the park shooting, but that didn't carry over throughout the year. And one of the things is there wasn't the threat of of legislation to follow at the national level. Thanks bill. That's bloomberg. News campaign finance reporter, Bill Allison. You're listening to Bloomberg politics policy and power on Bloomberg radio coming.

President Trump president Bloomberg US North Korea Kim Jong Syria National Rifle Association Bill Allison bill Peter Barnes Kim Jong UN Bill China team leader congress reporter White House Xi Jinping Democrats
"peter barnes" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 3 years ago

"peter barnes" Discussed on Bloomberg Radio New York

"Peter Barnes with Bob moon, still to come and gun control proposals. In a new democratic house could help fuel contributions to the National Rifle Association. But first, let's get a check on the markets now and Bloomberg's John Tucker is starting the year in the green. Yeah. After being in the red earlier today, the market's of really getting whipsawed and P hundred now pushing to a session high editor earlier falling more than one percent. There's a report that Saudi Arabia lowered oil exports, and that has fueled a surge in the price of crude stocks and oil they've been tracking each other in recent weeks, the reversal undead some of the poorer set of it sparked by a week reading up Chinese manufacturing that added to concern that global growth is slowing. So as a result S and P five hundred right now, ten points at twenty five sixteen the Dow members down over almost four hundred points right now, it's up sixty six points that's up three tenths of a percent at twenty three thousand three hundred ninety three but I think positive about forty nine points up three quarters of a percent at sixty six eighty four. Here's a tesla lower reported disappointing model three deliveries at a price cut for its lineup of electric cars. That's prompted concern. The carmaker may hit a ceiling for demand. Kevin Tynan is an auto analyst for Bloomberg intelligence. Twenty eighteen was supposed to be half a million units. A million by twenty twenty at the price points that they're selling out now average revenue per unit. They're just not going to get to those sustainable five hundred thousand new buyers every year a million new buyers every year unless you're selling something closer to the average transaction. Nice. Here's a tesla right now down twenty one dollars seventy four cents at three eleven six. Check the markets every fifteen minutes during the trading day here on Bloomberg radio. I'm John Tucker. And that is a Bloomberg business flash. Thank.

Bloomberg John Tucker National Rifle Association twenty twenty Saudi Arabia Peter Barnes Kevin Tynan Bob moon editor analyst twenty one dollars fifteen minutes three quarters one percent
Lanny Davis: Cohen wouldn't take a pardon "if it was handed to him"

Fox News Sunday

00:26 sec | 3 years ago

Lanny Davis: Cohen wouldn't take a pardon "if it was handed to him"

"Donald Trump if it was handed to him former national security adviser, Michael Flynn will be sentenced this week. I'm Ann Cates. You're listening to politics policy and power with Amy Morris and Peter Barnes on Bloomberg radio. I'm Peter Barnes with

Peter Barnes Donald Trump Ann Cates Michael Flynn Amy Morris Bloomberg
Bloomberg, Brian James and LeBron James Family Foundation discussed on Bloomberg Best

Bloomberg Best

00:55 sec | 4 years ago

Bloomberg, Brian James and LeBron James Family Foundation discussed on Bloomberg Best

"It. Really hard for us to shop valves former, ice acting director John San speaking with Bloomberg's Amy. Morris and Peter Barnes and coming up. We'll be speaking. With BPCL Bob, Dudley after the oil, company posted expectation-beating results you, can see, all the Bloomberg best stories at. Best go this is Bloomberg With a Bloomberg business of sports report I'm Michael Barr NBA sterling Brian James called the, philanthropic. Bug James you recently signed a deal with the Los Angeles Lakers started the. I promise school in his, hometown of Akron Ohio it's an. Effort by the LeBron James family foundation. And the Akron public schools James talking with ESPN says growing up in the tougher environment kids don't realize they can dream big you didn't know, possible for you because you kind of always paid attention to. The statistics and Grown up in. The inner city. You know the the numbers number's always stacked against.

Bloomberg Brian James Lebron James Family Foundation Akron Acting Director Los Angeles Lakers Peter Barnes John San Morris Michael Barr BOB NBA Ohio Dudley Espn
Bloomberg, President Trump and Twitter discussed on

02:19 min | 4 years ago

Bloomberg, President Trump and Twitter discussed on

"Dot net. The trade. War is. Expanding to include a currency war that's the view of many in the five point one trillion dollars per, day foreign exchange market President Trump yesterday accused China and the European Union, of manipulating their currencies and interest, rates lower, and all. Our currency conflict. Could ripple across other asset classes including stocks oil and emerging markets stocks were down yesterday though the market had. Its third winning week the trade concerns work their way into stock trading as the week wrapped up as we hear from Bloomberg's Charlie Pellett four the week the. S&p five hundred index eked out a gain of. Less than one tenth of one percent stocks closed mostly lower after President Trump's latest verbal salvos fanned investor concern. That a global Trade war is escalating financial. Markets were up ended after the president said he's. Quote ready to go with the digital import tariffs and the China the European Union and others have been, manipulating their currencies and interest rates Charlie Pellett Bloomberg radio Walt Disney company severed its ties with, James Gunn director of the lucrative guardians of the galaxy. Films after discovering years old Twitter jokes that the. Company said were inconsistent with. Its values the. Deleted tweets were, unearthed by the daily caller and other conservative commentators they included jokes about the holocaust pedophilia overweight people and violence against women New York City Astra judge. To order Airbnb to comply with a subpoena for information about its listings part of an, investigation into illegal short term rentals and Airbnb spokesman said the company didn't comply. With the subpoena because it requested information not related to, the investigation global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven. Hundred journalists and analysts in more than one hundred twenty Countries I'm Mark mills this is Bloomberg politics cre- interesting. Fight within. The Republican. Party itself policy currently there aren't really federal regulations in place power has an issue Bill just yet beltway news insight and, analysis seem like an unconventional reality from Bloomberg politics a kind. Of radical agenda that breaks with democratic tradition and Bloomberg government heated rhetoric. In Washington and nationwide this is. Politics policy and power with Amy Morris, and Peter Barnes, on Bloomberg radio I'm Nathan Hager in for Andy Morris.

Bloomberg President Trump Twitter European Union Charlie Pellett China Airbnb New York City Amy Morris Walt Disney Nathan Hager Washington James Gunn Mark Mills Andy Morris Director Peter Barnes
Cisco stocks tumble after Amazon competitor reports

Politics, Policy, Power and Law

01:41 min | 4 years ago

Cisco stocks tumble after Amazon competitor reports

"One the ports americans worries over global trade greatly accelerated thirty eight percent of consumers potential negative from tariffs that's up from twenty one percent in june any del giudice bloomberg radio as for trade tariffs and the interest rate environment kevin holt is senior portfolio manager at invesco advisers if this trade issue resolves itself and the terrorists don't going to place longer term you're going to see the year pop over three percent the markets have become much more comfortable with what the feds doing shares of cisco systems tumbled after reports amazon is considering becoming a competitor dragging down networking equipment companies cisco was down four point one percent the dow the sp nasdaq all moved higher s and p five hundred index up three points to twenty eight one up one tenth of one percent dow industrial's up ninety four four tenths of one percent nasdaq at a record up two points to seventy eight twenty five a gain of less than one tenth of one percent global news twenty four hours a day on air and at tick tock on twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm charlie pellett this is bloomberg politics a pretty interesting fight within the republican party itself policy currently there aren't really federal regulations in place power the white house has an issue stephen on the bill just yet beltway news insight and analysis this does seem like an unconventional reality from bloomberg politics a kind of radical agenda that breaks with democratic tradition and bloomberg government heated rhetoric in washington and nationwide this is politics policy and power with amy morris and peter barnes on bloomberg radio.

Amy Morris Bloomberg Twitter Dow Industrial Cisco Invesco Del Giudice Peter Barnes Kevin Holt Washington Stephen White House Republican Party Charlie Pellett Amazon Senior Portfolio Manager
Trump claims Saudi Arabia agreed to increase oil production

Politics, Policy, Power and Law

02:57 min | 4 years ago

Trump claims Saudi Arabia agreed to increase oil production

"To be america's oldest man and the oldest world war two veteran his family says he's also the target of thieves who used his social and bank account numbers to siphon a significant amount of money from his accounts thankfully it does not affect his round the clock care at home near austin that is paid for by an online fundraising campaign i'm jan johnson and i'm susanna palmer from bloomberg world headquarters president donald trump said he persuaded saudi arabia to effectively boost oil production to its maximum capacity to cool down prices the state run saudi press agency said saudi king solomon and trump in a phone call today discussed efforts by the oil producing countries to compensate potential shortages in oil supply the report says the two leaders stressed the importance of maintaining oil market stability the agency didn't say the leaders agreed or made any reference to a specific number of barrels in another misunderstanding with global implications president trump said yesterday he doesn't plan to withdraw from the world trade organization but once the us to be treated more fairly by the wto axios news agency reported earlier in the day that trump had repeatedly told top white house officials he wants to exit the wto citing people familiar with trump's thinking the socks here up six hundred index and us futures both wow doubled on the story before recovering meantime barons in its july second edition reports investors should start preparing for the demise of the bull market in two thousand twenty the report says higher interest rates and the federal reserve's plans to shrink it's four trillion dollar balance sheet combined with the fading impact of tax cuts and other government stimulus will bring an end to a nine year rally in markets bill shine the former co president of fox news is that to join president donald trump's white house in a senior communications role that according to people familiar with the matter sean would become the latest in a string of people to cycle through the top ranks of trump's press operation since his inauguration last year there have been five white house communication directors in the past eighteen months global news twenty four hours a day on air and it ticked up on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm susanna palmer this is bloomberg politics pretty interesting by within the republican party itself policy currently there aren't really federal regulations in place power the white house has an issue stephen on the bill just yet beltway news insight and analysis does seem like an unconventional reality from bloomberg politics are kind of radical agenda that breaks with democratic tradition and bloomberg government to heated rhetoric in washington and nationwide bruce is politics policy and power with amy morris and peter barnes on bloomberg radio coming up in this hour america's largest prison operators stand to make a windfall in.

America Four Trillion Dollar Twenty Four Hours Eighteen Months Nine Year
Japan's jobless rate falls to lowest in 25 years, Government & Economy

Politics, Policy, Power and Law

03:31 min | 4 years ago

Japan's jobless rate falls to lowest in 25 years, Government & Economy

"The trump administration in europe are reaching a fever pitch ahead of next month's nato summit correspondent elise labid reports a senior european officials said there is trump's hell where nato is as bad as nafta in e worse than china what the official was really saying is that president trump is looking to all these alliances not as these bedrocks of us leadership and foreign policy but in very transactional terms and president trump's narrative is that these nato countries not only your flee thing america in terms of trade but they're free riders and terms of defense spending us consumers increase their spending by just two tenths of a percent in may the commerce department says that the tiny rise was the poor showings and spending it fallen one tenth of a percent in february the weaker reading could raise questions about the extent of economic growth overall in the current april june quarter i'm barbara kusak from bloomberg world headquarters in new york i'm doug krizner the us equity market closed higher on the final trading day of the second quarter in spite of increased trade tension although the major indices finished well off their session highs the canadian government is finalized tariffs on us products worth twelve point six billion dollars these terrorists would go into effect on sunday and mirror the value of those imposed by the trump administration gm issued a stern warning to the white house saying the company could shrink us operations and cut jobs if tariffs are broadly applied to imported vehicles and auto parts and fiat chrysler is preparing to adjust its manufacturing footprint should there be higher auto tariffs or the collapse of existing trade agreements the concern about a trade war is being blamed for weakening consumer sentiment during the latter part of june that story from bloomberg's vinny del jude is the university of michigan's final consumer sentiment index for this month register richard ninety eight point two that's below the preliminary reading expectation strapped to a fivemonth low households are worried about the impact of trade policy on inflation and domestic growth one in four consumers cited tariffs most we anticipating a negative effect vinny del giudice bloomberg radio white house economic adviser larry cudlow urged the fed to raise interest rates very slowly kudlow seemed to ignore the practice of preceding administrations in avoiding comments on monetary policy out of respect for the fed's independence financial shares moved higher after the big banks promised to return record amounts of capital to shareholders after passing the feds stress test the dow industrial average picked up two tenths of one percent the s and p five hundred was higher by one tenth of one percent the nasdaq composite gained one tenth of one percent the us ten year treasury last quoted at a yield of two point eight six percent global news twenty four hours a day on air and a tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries this is bloomberg politics pretty interesting fight within hardy policy currently there aren't really federal regulations in place power the white house has an issue bill just yet beltway news insight and analysis this does seem like an unconventional reality from bloomberg politics a kind of radical agenda that breaks with democratic tradition and bloomberg government heated rhetoric in washington and nationwide this is politics policy and power with amy morris and peter barnes on bloomberg radio coming up in this hour america's largest prison operators stand.

Europe One Percent Six Billion Dollars Eight Six Percent Twenty Four Hours Fivemonth Ten Year
Trade war fears escalate as Trump ups ante

01:02 min | 4 years ago

Trade war fears escalate as Trump ups ante

"Pretty interesting fight within the republican party itself policy currently there aren't really federal regulations in place our the way has had the issue of saving on the bill just yet built way news insight and analysis seem like an unconventional reality from bloomberg politics a kind of radical agenda that breaks with democratic tradition and bloomberg government to heated rhetoric in washington and nationwide this is politics policy and power with amy morris and peter barnes on bloomberg radio coming up this hour san francisco fed president john williams was selected as the new president of the new york fed will bring you all the details plus after a string of accidents government regulators are cracking down on driverless cars but i knew fears of a trade war were reignited this week president trump and chinese president xi issuing new tariffs against each other and an attempt to see which country will back down i speaking at the white house mr trump continued to rail against the us china trade deficit we have helped reduce.

Republican Party Bloomberg Washington Amy Morris Peter Barnes President Trump New York Mr Trump United States San Francisco John Williams White House China
Carles Puigdemont, fugitive ex-Catalan leader, detained by German police

02:38 min | 4 years ago

Carles Puigdemont, fugitive ex-Catalan leader, detained by German police

"And the baltimore civic center in nineteen sixty four i'm ann cates and i'm susanna palmer from bloomberg world headquarters treasury secretary steven mnuchin said the us and south korea have reached an agreement on revising the allies six year old bilateral trade deal and on president donald trump's plan to impose tariffs on imported steel on fox news sunday mnuchin said we expect to sign that agreement soon the uk government will direct facebook google twitter and other tech companies to simplify their data management policies for consumers this after disclosures about recent breaches and all that's according to the sunday times matt hancock the uk digital culture and media secretary told the newspaper that those digital powerhouses were failing to provide users with clear and concise terms and conditions for how personal data is used is goal is to get the information onto one page police detained former catalan president carl's pushed him demont as he crossed into germany from denmark his lawyer said today puigdemont was attempting to return to belgium after a visit to finland a spanish supreme court judge on friday reactivated an international arrest warrant for puigdemont who fled to belgium in october he faces charges of rebellion for holding an illegal referendum and seeking to split from spain people familiar with the matter say uber technologies has reached an agreement to sell its southeast asian ride hailing business to rival grab the people said the agreement which includes all uber's operations in southeast asia as well as it's in the region gives uber a stake of between twenty five and thirty percent in the new combined business the deal marks uber's operational exit from yet another major market after selling its business in china and russia global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm susanna palmer this is bloomberg politics pretty interesting fight within the republican party itself policy there aren't really federal regulations in place power the white house having issue a statement on the bill just yet beltway news insight and analysis seem like an unconventional reality from bloomberg politics are kind of radical agenda the breaks with democratic tradition and bloomberg government heated rhetoric in washington and nationwide bruce is politics policy and power with amy morris and peter barnes on bloomberg radio.

Donald Trump Republican Party White House Bloomberg Washington Bruce Amy Morris Peter Barnes Bloomberg World Russia UK Germany Belgium Finland Spain Matt Hancock Ann Cates Susanna Palmer