35 Burst results for "Pimm"

"pimm" Discussed on Techmeme Ride Home

Techmeme Ride Home

01:59 min | 3 months ago

"pimm" Discussed on Techmeme Ride Home

"Tweets could be a popular feature with people who don't want their post to exist online forever offering an easier solution than manually deleting posts or coming through years old messages to find those. You wish you hadn't sent internal research found that many of twitter's users don't understand the privacy basics like whether their account is publicly visible said svetlana up pimm kina a staff researcher at the san francisco based company. Those users engaged less on twitter. Because they don't know what other people will be able to see about them when social privacy needs are not met people limit their self expression pimm kema said they withdraw from conversation. Twitter will start prompting people to review whether their accounts are public or private beginning in september. The company's privacy team is working on several products to assuage this user uncertainty. Some of them will be tested soon and others are just in the concept stage right now. According to interviews with members of the team included in the potential list of products archive tweets. Twitter may let users hide tweets after a set amount of time tweets would be visible to the account holder. But not to anyone else. The company is considering a range of time options including hiding post after thirty sixty and ninety days or hiding tweets after a full year. This product doesn't have a launch date and is still in the concept phase removing followers users will soon be able to remove followers. This is currently only possible by blocking someone. Twitter plans to test this feature. Starting this month hiding tweets you've liked users will soon be able to set who everyone just their followers or select groups kency which tweets they've liked there is no time line for testing this feature and finally leaving conversations users will be given the option to remove themselves from a public conversation on twitter today. Only the person sending a tweet can choose to mention twitter plans to test this before the end of the year and quote. Finally today we spoke about google earlier. And as i've done before. I wanted to take this opportunity to once again do a may culpa carr's starting more than a.

twitter pimm kina pimm kema svetlana san francisco google carr
Covid-19 Vaccine Misinformation Spread on Social Media

P&L With Pimm Fox and Lisa Abramowicz

01:45 min | 8 months ago

Covid-19 Vaccine Misinformation Spread on Social Media

"Sarah frier. She's a bloomberg technology reporter. Who has been doing a deep dive into the misinformation spreading across social media specifically facebook in regards to vaccines stare. You have interviewed for example one woman who doesn't believe in vaccine induced herd immunity. She get this from facebook. He gets messed brown from instagram. And course by facebook what happens here is people fall into the personalization facebook and instagram. Provide them if you start looking into. This woman. started out looking into holistic medicine alternative treatments. She felt Bullied by her doctors ring a cancer treatment and was looking for another way to stay healthy. Not only she's getting this information about vaccines not really information at all. It during her wrong and a lot of the people who are telling her. Oh you just need to take this holistic healing method or detox in this method or You'd try these techniques. They're selling supplements. They're selling essential oil. They're selling Wellness retreat so. She's she's not really getting vitim. It information from doctors and we're seeing that happen a lot on facebook. It's more about the fear on the kind of messages that spread on. Facebook are the ones that that make people comments and share That's what tells the news feed algorithm that. It's a serious post that more people should see and so these lies about the vaccine particularly lies that are targeting women which we can talk about in a second are are just unable to tamp down by the company

Facebook Sarah Frier Instagram Bloomberg Brown Cancer
What airlines, other industries got in $900B relief bill

P&L With Pimm Fox and Lisa Abramowicz

05:43 min | 1 year ago

What airlines, other industries got in $900B relief bill

"Or next guest. Points this out. Tax payers are putting up almost five hundred thousand dollars for each laid off airline worker to have three months of employment while cooks and waiters. Get nothing in other words. Airlines are outranking restaurants in relief. Money don't oh sarah. Bloomberg opinion columnist joins us now. Joe did thought go into this or was it a simple matter of the airline lobby being more powerful than the restaurant lobby well. They're barely is a restaurant lobby that start there whereas airlines have been Staffed up you might want say for for many decades because airlines have had dealings with the federal government from many decades between the faa and you know various various airline regulations. I wanna sell for so so you know you start there. I mean restaurants are just just diffused organization. They're not large companies. And even you know restaurant chains. I mean putting mcdonald's aside You know in a city. Like new york danny meyer. Who is probably the best known restaurant tour in the city. You know he has maybe twenty restaurants and do that just doesn't give him the clout that the airline industry has even though they employ more people and even though there are people are really really hurting. So joe this is a column by comparing and contrasting the airline industry with the restaurant business so the restaurants. Obviously it is a you know. It's it's industry. Lots of independent operators historically has not been pushed to organize better this industry that is so important to many people's daily lives. Well is a restaurant lobby of sorts. the national restaurant association. But it doesn't seem to have a lot of clout For whatever reason after the pandemic After the first round of of a stimulus the ppp program There are a bunch of independent restaurant. Tours tried to start an organization called the independent restaurant coalition and they had a lot of success. They got they. Have they have a bill that would cost one hundred twenty billion dollars which is a lot of money and the idea. Is that instead of trying to do it like ppp. You know the restaurant industry would be get money. Based on last year's revenues pre pre pandemic revenues and and believe it or not. The bill passed the house in october. Actually by quite quite a large margin it had more than fifty co sponsored in. The senate bipartisan but in the senate is run by one guy and his name is mitch mcconnell and he was more interested in that three martini lunch tax break which he claims. We'll help restaurants but no one in the restaurant. Industry seems to think it will make much difference at least not in a short term. I mean at the very least if people start flying again. They will need to go out for runs at their destination. But it's gonna be a long time before people really start flying in numbers again joe particularly since the vaccines aren't out there yet. So you know what is the thinking behind. This was going to thank the. There's two things going on here. the first is that that airlines You know they will be bringing people back to work. It's easier to give money to a large company that can do one thing that can bring fifteen thousand people back to work. They can bring twenty thousand people back to work. It's easier whereas You know giving money to restaurants is kind of a messy your proposition. Because they're all so. Many of them are so small. And it'll be you know there's that but the thing you have to remember about restaurants it's not just a place to eat. Every major city in the united states restaurants are at the core of vibrancy and their downtown area. And you know if you're going to build a new suburban area it's going to be built in large part around restaurants. I mean they play a hugely important role in the life of cities and so ignoring restaurants is really a dan damaging america's cities and. That's what breaks my heart about this more than anything else. So what's the i guess. The fate of the us restaurant. I if you will. I mean these. I'm going to call them. Individually owned mama. Pop if you will. But you know the the non chain owned restaurants. The numbers were seeing in not just new york city but a kind of across the country are staggering in terms of how many are likely have gone out of business are likely to go out of business. How bad is it going to get a hundred and ten thousand estimated to have gone out of business in the us. That's a lot you walked. I mean look. I'm a new yorker so i walked on the streets of new york city and you just see them closed up everywhere You know some of them will survive. There's certainly will. There are restaurants that will survive. There's there's no question about that. Some of them have learned to shift to take out Even even at the very high end i get. I get a notice from Daniel baalu who's one of the great chefs in america. Saying you know. Get get our christmas dinner for you. Know seventy five dollars will drop it off at your house that kind of thing so you know. Some restaurants will survive. But i think what you're going to see is that when the pandemic and and people can start going to restaurants again You'll see a lot fewer restaurants and it will take. I think generation for restaurants to build up to where they were just because there'll be so little capital left in the industry

Danny Meyer National Restaurant Associatio Bloomberg FAA JOE Senate Mcdonald Federal Government Sarah Mitch Mcconnell America New York New York City Daniel Baalu
The Verdict on Trump's Economic Stewardship

P&L With Pimm Fox and Lisa Abramowicz

07:55 min | 1 year ago

The Verdict on Trump's Economic Stewardship

"President Trump speaking to the economic of New York and various economic clubs across the country and we had questioning from Senate O'CONNELL of the Economic Club of Florida David Rudenstine of DC and Mike. O'Neill. The New York we have Michael McKee with us now our chief. Correspondent for all things economic both and. and Michael a very serious conversation here the president's putting out some ideas couple of inflammatory statements like how Joe Biden Presidency would be a socialist dream in American nightmare. But at the end, he was asked about things like infrastructure stimulus national debt did we hear anything new from the President? No, but we haven't been hearing much new from him throughout this campaign. It's he mostly talks about what happened in the previous three or four years and he talks a lot about, of course what happened to the Obama Administration? The questions he was asked about infrastructure spending he didn't answer. He said what he always says about many different things that he has a plan, but there's never any plan they were coming close to a deal on infrastructure at least Democrats in the House and the president when the President got upset with Nancy Pelosi and broke off the talks and that was two years ago and nothing's been done on infrastructure since. The House and Senate have a very big differences about how you would pay for infrastructure and how you'd structure the program. He said today the walls one of the biggest infrastructure projects ever. That's not true. He did shut down the border under the guise pandemic protection. So that part of what he said about the wall was correct he was asked about the deficit. and. Has Somebody. Else says quite often about this. This is one of those. Up his down down his up trump statements, he said the deficit was falling and we were GONNA pay off interest costs and start paying down principal on the deficit before the pandemic hit. That's one hundred percent one, hundred, eighty degrees opposite from what was happening deficit was rising significantly before the pandemic because of the tax cuts so. It's hard to know exactly what he was trying to do other than insult. Joe Biden and and stir up his base. Yes. Absolutely I think that's probably what we can expect from him. As we approach the elections three weeks left and we're going to get viewers questions. You know at some point tomorrow night's tonight and facts as we will be hearing a lot more from the president on economic matters and so on. But really nothing moves the needle. Until we get some more idea of what happens with stimulus and Ardley Nancy Pelosi doesn't look like. She's about to give in to to to president trump's requests or whatever republicans are requesting not that that's now well, even here's the thing we have to remember that even if the speaker of the House and the Secretary of the Treasury agree on some kind of deal, it would have to pass the Senate as well as the house. A number of house members have already suggested Dowse House Democrats have suggested they would vote against it because. They don't think it's big enough and. The question then becomes how many Republicans would vote for it if it's not considered big enough then in the Senate, you don't have fifty senators who approve of it. The Democrats are pretty united against it and half of the Republican senators say they don't want to spend anything. So at this point, there's a lot of focus on wall, street about the talks talks. In quotation marks between Nancy Pelosi and Steven Mnuchin. But the odds of something actually happening particularly before election day very, very small. Yes and for some reason and she wasn't quite care about yesterday when she was speaking with Wolf Blitzer Nancy Pelosi is not willing to even consider this one point eight, trillion dollar stimulus. What is it in their Michael? Can you decipher? that. She's so against she was actually quite angry with the to Democrats that said that they should be accepting this. The part of the play. A part of it is the way the money is distributed. Part of it is the amount of money for states and localities is not enough they believe and part of it obviously is politics. They don't WanNa give, Donald Trump. He kind of victory before the election you remember the last time when the cares act was passed in the twelve hundred dollars was going out for those who got it in check form trump held up distribution of the checks until he could have his name printed on it and last thing Nancy Pelosi wants is for voters to be opening their mail the day before the election and seeing Donald Trump giving them twelve hundred dollars. Yes that is to I'm sure and also presumably that machine is up and running now. So there may not be so much of a delay this time around but there is an argument to suggest that people need cash. Now, no matter how it comes in a matter who gets the credit right Michael Danny lower on earlier saying this country is in trouble there is particularly because more people are losing their jobs. Now, as we're finding more companies go out of business and. The airlines are a perfect example not going out of business, but laying off tens of thousands of people because they don't have any business to do at this point, and that was one of the hopes of the stimulus bills that they could get aid to the airlines in the short-term But nother interesting statistic came out from the New York Fed yesterday of the people who got the stimulus checks the first time around average of about twenty four, hundred dollars each seventy one percent either save the money or paid down debt. They have money in the bank and so if this. Rebound continued to go faster than expected. We might have a tailwind and we might need less of the stimulus checks I think the biggest difference now is that there are going to be people who. Didn't save. Don't have the money who are losing jobs permanently who may need something yeah. I found that phenomenal as well when you consider just how many people are at food banks in food lines as well who were once you know happily employed or all of the people around Orlando that are living motels because they'll also job at. Disney. For example. have to move every two weeks. Otherwise they risk you know Being, a problem for the Ho- The motel owner because after two weeks you can't you know get victim normally you have to go through the court process i. mean there are an array of stories out there about people suffering, Michael. What should we be concentrating on over the next couple of days? It's feels like Joe Biden needs to get more of an economic message out there. Actually, Biden probably needs to publicize it Joe Biden. If you look on their website has a very extensive economic plan that. Involves taxes infrastructure Various Pandemic Recovery ideas and Donald Trump and I'm not saying this to be part of Donald Trump has nothing. If you go to his website, there are literally no proposals for a second term and so it's kind of hard to know. what he would do and Biden perhaps wants to make that case a little bit more Donald Trump talked today about. Biden plans but if you notice it in his speech, he didn't say what he would do. He talked a lot about how bad the Biden and the Democrat tar and that's one of the problems people have suggested that we're seeing with trump's poll numbers is that at this point he is. Talking, about the previous four years and a lot of people didn't like what happened in the previous four years outside of the tax cut. and. He's not talking about what happens in the next four years or even in the next year and that makes it hard to make a case for your election. Yeah, it's a it's a phenomenal time and a lot of people pointing out now that if we don't get something before the election, it's going to be January. Before we're able to do more stimulus Michael thank you really appreciate your input and listening to that for us with Michael McKee. International airports, and policy. Correspondent.

President Trump Joe Biden Nancy Pelosi Michael Senate Donald Trump Michael Mckee New York Wolf Blitzer Nancy Pelosi Economic Club Of Florida Obama Administration O'neill David Rudenstine Michael Danny Disney
TikTok: Oracle confirms being picked by Bytedance to be app's partner

P&L With Pimm Fox and Lisa Abramowicz

02:53 min | 1 year ago

TikTok: Oracle confirms being picked by Bytedance to be app's partner

"So the story is that Oracle edged out Microsoft in negotiating for the US operations of China owned tiktok, which is the subsidiary of fight dance. But professor you explain to us exactly what kind of a quote unquote deal this is. remained slightly unclear how Nicole partnership is GONNA be with all recording Tiktok what has been clear right now is Microsoft historically all over the past few days when thinking about acquiring talk and make say for us user and possibly they need to open the Al Gore Software Code and make it much more transparent going forward and in the end is dance to own of Tiktok say no to Microsoft and you know way that the panicle partnerships probably. Keep, paying what alcohol? I'll go behind stay intact and trying to appease to government at the same time. So, professor what was the political? Overhang of this deal or the political influence of this deal from your perspective. I mean, this is a big major development in the sense that for the first time Guffman are really adding on acting on an ad hoc basis. So starting from the trump administration, all of these executive orders, there was no industry consultation. There is no independent inquiry, per se and then after all the Chinese. Guffman, at the same time, we're basically saying you know by dance, you cannot export any software code in the name off you know national security I'm the ramifications, the following that businesses find it really really difficult going forward to plan ahead WHAT IS LONGTIME R&D or product sales and marketing given all of these becomes much more of an ad hoc basis. In, your estimation is oracle the right kind of company to be doing this. In, the world is kind of strange because if you think of all records historically really be to become Canadian sales database services, it doesn't really have a large B. Two C. market as a result of know how they have would be audibly much less than Microsoft ways running xboxes or these game, and of course, the to see market is huge and sort. Of the technical ability around is also amazing to however have you thinking about Tiktok probably one of the biggest worry is one's a gone through. You potentially go through with they completely lose their independence from that angle and Oracle potentially becomes much more attractive than smaller than know how round to market is much less and quite frankly they are not very strong imbuing. So from that angle, it's not surprising that tiktok would actually prefer a week up partner in this case Oracle.

Microsoft Oracle Tiktok Guffman Professor United States Nicole Executive China Partner
U.S. Initial Unemployment Benefits Steady at 1.5 Million in June

P&L With Pimm Fox and Lisa Abramowicz

00:43 sec | 1 year ago

U.S. Initial Unemployment Benefits Steady at 1.5 Million in June

"Of course, not such a pretty picture weekly jobless claims coming in today they did full, but still coming in at one, million, four, hundred, eighty, thousand initial jobless claims that was down from one point, five, four million, but not a big of a drop as economists had estimated Paulie insured unemployment rate falling as well but to thirteen point. Point four percent mean it's a massive massive number. No doubt Labor Secretary will suggest that would have been even more massive. Were it not for everything that the government did, but it's it's very hard to to look at those numbers and not feel like there's a big problem there. The really is I think one of our guests earlier mentioned that it was. You know fourteen weeks into this. We're still having these types of number. Let's

Paulie Secretary
"pimm" Discussed on Keep Calm and Cauliflower Cheese Podcast

Keep Calm and Cauliflower Cheese Podcast

08:12 min | 1 year ago

"pimm" Discussed on Keep Calm and Cauliflower Cheese Podcast

"Garishly rise up to go CAIN. Press the button. Full, six seven, whatever it is and They, you go up go in the elevator. Socially distance in the corner we had done says hat song, and it saves touching the button of the elevator so I think everybody really needs to reintroduce. Perfect Victorian thing. We need read need to rent juice. Silva tipped or gold tipped cane for elevator riding. So ladies mantlepieces. We do have the wonders. Of the STD's now that's the socially distance date. There are follow up to the lackluster video dates early lockdown. Infused this days. which the silver lining is actually impossible to catch while singleton's enjoy enforced, APP. Perhaps the save the suburbs could redirect efforts to save the summer sex instead the stone logging allowed unfortunately, but at least you can get the measure of your day gates, physical attraction, and not have to worry about the low lighting in hiding that you get on the zoom dates now. I think one should introduced a socially distance picnic blanket the six foot picnic blanket. Where people could you know one? One of the members of the date could sit on one end. I mean you could have like a blue and pink corner. I suppose. Thing is actually prefer pink to blue sir. I'd probably want to sit in the pink side, but you could have socially distant six foot blanket wicked i. sit on either side. Not Get any closer. It'd be absolutely fantastic for social distance dating I would think. So in the week there was a couple of plotlines of the new James Bond Movie. The no time to die this coming out in November. Sabban. Fans were sort of red alert this week. The Independent is paper leak to plotline for the much-delayed Twenty, fifth James Bond Movie, but what did we learn? It was in fact that James. Pond in this movie apparently has a daughter now. This poor distant go down very well in social media trying to destroy the franchise and name of voteless somebody, said Stop Messing with the format, trying to change change the franchise into kindergarten cop. And my favorite James Bond is pregnant while many fans felt that bonding given child can tale much bonds bond like activity, such as drinking heavily being obsessed with cars and banging multiple women. But what suggests the commentators? Just the end of the dinner party conversation is actually the James Bond is, is now going to be in a changing nappies. It's almost like finding that. Batman has a pet called back door or Hans, solo is combing flea markets for mid century Scandinavian ceramics. I mean it's it's really it's really a little bit a bit of a scary slightly. Left to fill plotline. Mean as of anything will will get used to the idea of pond having a child I think it's Arava robber interesting and. Slightly delicious plot on really, but I mean I just imagine an infamous scene in Goldfinger. You know we're bonzes tied to the. To metal table there in the laser's going across him getting nearer narrative the Crown Gills. And the no, Goldfinger says Mr Bonday expect you to die, and then bond says well excuse me all chap whilst I go and change. My daughter's nappy. So anyway. We with the have to see how bombed and his daughter does in the new the new movie, and if it's just going to be A. Single movie plotline or continuous for the rest of the fresh to the franchise, so in the U. K. couples could actually start spending time together in a less socially distance, said of situation, and apparently lavas back in the air, champagne laundry sales, soaring in preparation of support, bubbles, lacy, underwear and sat nightdresses shot up the sales ranking by ninety two percent. Apparently in the week. Just wondering I, mean it's talking about lingerie sales and and bobbly cells are going up I. Mean Are we talking here? Moshe Don Bala Jer. Are we talking? Dom perignon always talking about baffled. Contessa, or yellow tail or I mean I guess if you're doing the bathroom contests, a wine or the yellow tile, all the slightly two buck chuck type Dale. You're probably looking at a granny panty. Maybe a baggy tidy, Whitey instead of. Victoria secret or LASAGNA, or any of those other things going on, you probably have your budget underwear, your budget booze, or you have your sweaty higher and scale, underwear and and specific very high. Scale Booze to contend with now that couples have back in the same bedroom again. So apparently in the weight. The lovely Sharon stone was struck by lightning wall dining so Sharon stone's performance in the erotic thriller. Electric Charge for cinema. Award instance in Nineteen ninety-two Sharon stone still had apparently it was a murder that she sasha stafford shock when lightning struck issues, foaming or filling an iron with water during the week I was at home. We have our own well, and we got hit by lightning, and the lightning came up for the water I think. First of all I mean thinking about Sharon stone. Ironing is really a conflict of interest to be honest. I see Sharon more of us at a steamy stereotype than a water filled iron on I. Mean you get all the creases out with stevie steam at? An Iron! Alas I well! I tend to put more creases on even being fairly well, I in the starch and iron, being Butler I still pretty poor, but much better with the steam so next time Sharon stick the steamer, but you know what she might even get an electric shock, though with the steamer much more water, gushing out with the steam, the I definitely there with the weather, getting sticky anhalt almost everywhere. I, you can't do any better than ice cream. Delicious I'm actually have to consider a a deadlocked Lewis Gelato. July because I been eating sandwich. I love July. Say Much, but. Some of the some of the recipe recipes that I saw that cool my I during the week, was a Vegan coconut ice cream with coconut, milk and coconut cream, a dash of. There's a beetroot and ginger ice cream. That looks actually pretty good as well wonderful. Really red color to that. would be true Jinja some lemon juice in there as well absolutely delicious, but I think my favorite of all this way you just in I freeze a couple of an honest and just blend the bananas into instant, banana ice cream that is absolutely unbelievably delicious. So sticking to the subject of food, which is really the British Butler coming cheeses, favorite subject the real lockdown mystery. Where have all of Wimbledon strawberries skull? The two million berries won't go to waste. They could be jammed tomorrow. When life gives you, lemons make lemonade when life gives you one point. Nine million strawberries make jam. That's what would wimbledon bosses decide to do after the pandemic led to the championships fame for the mass consumption is strawberries being for the first time since the.

James Bond Sharon stone Silva Crown Gills Moshe Don Bala Jer singleton Goldfinger Dom perignon Batman Whitey murder Dale U. K. Lewis Gelato Hans sasha stafford stevie Mr Bonday
Pins Are Your Best Friend

WCRI Flash Brief

01:58 min | 1 year ago

Pins Are Your Best Friend

"We start looking at mercury and it'd be debating what Suffo- work well with your particular project. Sure everybody shirts and caps. That's pretty much given you know. Throw your logo or some basic really cool design on key Scher Cap. And you're good to go. Tend to move on net into the settle at ten. This is actually pretty cool. Kim's from your perspective a relatively cheap they visually identifiable fans really easily. And the bottom line is if you can't fanzel chance actually have fun with humor. You know it doesn't matter where it is going to come out pretty cool. Things were on a camping. Drug t-shirt Messenger bag you know he just you you a lot of stuff with PIMM was really cool. Is there also cheating relatively design? You can do it in Boston. Actually I'm a little bit of fun with it. Actually set these things up pretty well. He merely mostly pinging have access to are going to be around or some other basic shape square. That's fine work. We'll listen to those limits. Action should be that a really cool tin like you said one of the cool things Ci He come off any print on demand site. No problem with these things with recently transferred up for conventional training through something neat near kick-started package. We just want to say. Hey thanks a pin is going to do a water really cool things for you like sit. Establish who your fans are who they. Are you a little bit extra shooting near for your fans? Have whenever the cursor your stuff there are definitely gonNA remember you. I mean nothing else how you explain what that means. He's definitely GonNa make some interesting conversation. Of course you need a little bit more. You actually get a little bit more. Well whatever shape you want to be hate. That's just catching some actual really cruel fan going in saying hey enjoy you know. Violent is when we look at Merck. You're going to be trying to get away from usual caps and tee shirt. That's fine gopher. Pin they're fun. They're cheap energy design and definitely severe fans appreciate.

Pimm Suffo Boston Merck KIM
Doug Jones's impeachment vote was more courageous than Romney's

Cape Up with Jonathan Capehart

08:42 min | 1 year ago

Doug Jones's impeachment vote was more courageous than Romney's

"Senator. Doug Jones of Alabama casts. Perhaps the most important vote of his Senate career. He voted to convict president trump on both articles of impeachment. It could cost him his seat this November but the man elect to fill jeff sessions. Seat doesn't care. He says it was the right thing to do. Senator Jones. Thank you for coming back to the PODCAST. No my pleasure enjoyed it last time. And I'm sure I will this time. Well you have had a a momentous few few weeks and by that I mean your vote on both articles of impeachment to convict President Trump and in your speech and on the floor of the Senate you said there will be so there were so many that will simply look at what I'm doing today and say it is a profile in courage it is not it is simply a matter of right and wrong were doing right is not a courageous act. It is simply following your oath and I bring up that quote because it was it was stirring during And cheered it on in a tweet but President Trump won Alabama by twenty eight points in two thousand sixteen eighteen and according to the morning console poll that I just looked at in Jan January his approval rating is sixty percent. Yeah I believe that. By the way the highest in the country. You don't believe that I've seen a number of different things. I don't believe it's not too far off but I do believe it's lower lower than that and what that concept poll also missing out a little bit is negatives have been an gradually growing so that gap is narrowing a considerably. Well I bring I bring up. The election totals in that particular poll result to ask it just a blunt question. Did your vote to convict on the two articles of impeachment. Seal your defeat this November. I don't think so. I not not by any stretch I think that people you know an Alabama they're gonNA it's one thing to support a president and their policies it's another thing to simply the acknowledged right from wrong and people in Alabama hard working folks. They know the difference between right and wrong. They may disagree with whether or not What what he did rose to the level of impeachment? But I don't think it seals the deal whatsoever. I think people are going to be looking at my record. They're going to see a record for people in Alabama on kitchen table issues just like ran in ran on. And that's the message that we're going to get across and the other thing too is I think you know people are going to see that. Vote as someone who had a lot of I put a lot of time minute. Put a lot of thought in and I really. This was an analysis that I did and at the end of the day. I came down and I'm going to be able to explain that I'll tell you Jonathan. I'll just candidly ever ran into A business leader and I won't go into detail so that people can't really identifying but he's I've known him for a long time he's a Republican business leader from an Alabama in Birmingham He was on the plane with me yesterday. And as we were getting off waited the jetway and he walked me down the jetway and he said Doug he said I just really admire you for voting your convictions and I wanNA help you in the campaign pain and got the address to send a check for the campaign. And I think there's going to be a lot of that in Alabama We'll see how it goes. How hard was was it to make that decision? Because I alluded to the fact that I sent out a tweet after watching your your speech. And everyone's given a lot of plaudits to Senator Senator Mitt Romney who should and they should that because he's a republican because he was the the twenty twelve Republican presidential nominee. But he's also from Utah and he's also wealthy and he's someone for he doesn't need this job and he. It does not stand the possibility of losing his seat because of that. Vote and as you said in your speech you know people say what you've done is profiling courage but yours was the the the more courageous vote because you put your career on the line for this vote. How hard was it to make this decision? It let me answer it this way. Okay because I I've said this to people over the last few days. It was not hard from a political standpoint because I honest to God did not consider it from a political standpoint. Okay I mean I'm sixty five years old. I've only been senator for three of those sixty five years. Okay I was a lawyer so this is you know I'm I'm I'm not that career politician that put that calculation in there like that but what I am is a lawyer and I've been trained as a lawyer and I've been trained to do the right thing I've been and trained to try to put the best foot forward for the constitution and what the founders I thought said and what they believed in the and try to put the pieces of that puzzle together so the difficulty of this of this vote had nothing to do with politics having said that it was still a difficult vote. I mean you know. I'm had to make a decision that to cast a vote to remove the president of the United States duly elected. Despite what a lot of people may say around all that he was duly elected he's GonNa be on the ballot. This was a weighty constitutional issue and so when I said that in by the way the quote that you gave was not something that I had prepared you know after we made the announcement which was about thirty minutes before I went to the floor. You know I started getting text messages. I saw twitter blowing up and people saying that in whatever and I'm sitting in the in the chamber listening to Kamla and listening listening to Maggie Hassen and I'm thinking about this and I realized you know people are saying things like that and I'm sitting at John. F Kennedy's desk now. I already have the quote quote from Robert Kennedy and so I'm thinking you know this is just Naronha. Won't people to think that I'm some. You know super courageous just got. I'm just doing the right thing. And so that that was something that I just inserted ad libbed on my own because really believed it and I'd been saying it's been consistent assistant with what I've said from the very beginning. I'M GONNA follow my oath both to defend the constitution and to do impartial justice right in that second oath to do impartial justice. Was this specific. Oath that you that all senators had to write to swear to as a part of the impeachment impeachment trial impeachment process. Did I read correctly. You took hundreds of pages of notes math four hundred thirty close to them. I think handwritten or you know I. They were all handwritten written. What were you? What were you noting? Well I was taking. It was almost like a stenographer. I mean when I'm in a trial my my my my training is a trial lawyer is to take notes because I am most of my clients never had the money to do like real time transcripts in those days as and so. I'm writing as fast as I can so that I can go in and I can look. I can prepare for cross examination or do whatever I need to do. And I've got two different different kind of pins. I got a blue pin because always right and blue and I got my blue Pimm it. I got up. Read one sitting over here because as I'm writing is I'm listening. Something's going to pop in my brain and going to put a star under and I'm going to outline and they wanNA ride in the margin question or a comment or something like that and so. That is my way of just reinforcing. Being the facts I wanted to know those fact. I had a pretty good handle on those with all the research and that we did leading up to this because we started working on this before it became an impeachment inquiry. We started working on this. And so that's what I did. It was just one of those things to try to make sure that because at the end of the day on new however voted I was. I'm going to be called on to justify that vote and I wanted to be able factually to to make that argument argumentatively to make the argument and the best way to do that is to write it. Write it write it write it. Write it and not just sitting there listening and start daydream enough

Alabama President Trump Senator. Doug Jones Senate Senator Senator Mitt Romney Senator Robert Kennedy Twitter United States Jonathan Utah Birmingham Pimm Maggie Hassen Kamla
Troubled Water: What's Wrong with What We Drink

P&L With Pimm Fox and Lisa Abramowicz

07:54 min | 1 year ago

Troubled Water: What's Wrong with What We Drink

"Be Wary of water. Joining joining us now is set to seek all. He has authored activist. Member of the Council of Foreign Relations guest curators interactive brokers studios. He is the author of a new book. DOC troubled water. What's wrong with what we drink? I want to talk to you about the book at about the sort of larger concept here and and you said right before we went on air. I'm not here to scare anybody at yet what I was reading through your materials. It's a little bit unnerving to think that a lot of the water that people drink it's not just flint Michigan it's contaminated that's correct almost everywhere in America there are contaminants in our drinking water and this is probably the largest unspoken of public health threat or menace in the United States. There's a large number of different chemicals that get into our systems through our drinking water that are having unknown effects on our bodies on our endocrine systems as technical phrase that affects growth attention spans sexual interest for Tilleke as well as the possibility of cancer. Some of those things are already proven scientifically and some are now in the process of being investigated but I would argue that being investigated aggressively enough by the EPA an organization that whether it's a democratic or Republican president or Congress is unfortunately inactive who've were not active enough in pursuing what we need to have pursued to get the best health profile for all Americans all right so we don't have the best water what needs to change within the US to improve the quality of our water. Well first of all there aren't nearly there. Were about one hundred thousand chemicals that are in commerce in the United States. Maybe more and you would think that seventy eighty percent of them ninety percent of them would be under some type of investigational regulation by the EPA because some significant percentage of them get into our drinking water and some percentage of those have have a act on our health but of that hundred thousand chemicals that are in commerce. The United States. It sounds hard to believe this. But it's true. Only seventy seven zero are being regulated by the EPA for drinking water purposes and is shocking as that low number is even more shocking given how much chemicals used daily life in America even more shocking is the fact that the last S. time the EPA regulated any chemical whatsoever or any contaminant whatsoever was twenty three years ago they have been inactive for generation and longer and that is putting our health at risk. Is there any map of where we can and can't drink water. We'll tell me where you live and I'll let you know. Okay I'll give you my address after this Seriously I mean it's anyone tracking or tried to do this scientifically we'll actually. There's an organization called the environmental working group. We're on their website. You Can Punch in your zip code and and they can tell you under the federally filed documents but each utility what contaminants have been found in that ZIP codes water whether or not that's particular to your. We're particular TAP LISA. I can't say for sure but invite me over for lunch and I'll bring my test okay. Great all right so water filtration plants. I I thought that was the answer you would think so the problem the problem Paul is both on the wastewater side and on the water filtration. which the way they distribute the water order to our homes from on both sides using technologies that are about one hundred or more years old and although in the interim place have been rebuilt and they're pretty nice parking lots some beautiful reception areas? The truth is that the technology is being used never grew up along with the time that America became. We'll highly medical society where now one one of where seventy percent of all Americans twelve and overtake at least one pharmaceutical product today to people to people about twenty percent of Americans twelve and overtake take five or more prescription pills day and that all gets into our water stream on the inbound side. We still do. We did one hundred. Plus years ago to get rid of cholera and dysentery and typhoid Loyd. Fever we put a dot of chlorine or chlorine like product in it to to cleanse the water. But we don't do anything to remove from that water. These pharmaceutical pharmaceutical residues and other chemicals that have found their way into our water stream such that occupy one example of many that are in my book troubled water just one they scientists independent independent scientists with no axe to grind when ahead in the Great Lakes vast amount of water so be diluted like crazy with think she tested fish and all five of the Great Lakes and an all five live with a great lakes. She founded their brains and their organs and their muscle. She found residues of all kinds of psychiatric medicines like solo often SELECTA and fourteen other medications medications. Now if that's going there that water is then being sent back to our homes for us to drink and we are getting that dosages back in micro quantities and we're getting that magnified amounts also for eating the fish. I'm just trying I'm going through these scrap extrapolation getting increasingly concerned. I'm just wondering. How normal is this with other countries says well they're just sort of this problem globally or is the US particularly bad the more the more industrialized the more industrialized society is the more likely you are to have these problems now? There are some countries particularly Israel in Singapore that have very aggressive systems for purifying the water for reasons unrelated to Necessarily health reasons but it's really for water scarcity reasons. They have a reason to do this. And there are some parts the United States and I talk about in a Chapter Orange County California which has made a decision to basically cle- ignore the EPA guidelines. Go Way above it and they demonstrate the fact that using known technologies at very reasonable prices you can have the safest drinking water. Possibly the pure water you'd think that Zoloft PROZAC or something. Everybody happy a little bit happier. Exactly so seth so private versus public water utilities. Tell us that the compare and contrast there okay so this was a piece that I wrote the other day for the Wall Street Journal and I want to. I want to highlight something that is completely unknown. Fact in American life even when I talked to members of Congress and the senators they have no idea. There's the case you would think rationally speaking fifty states. Oh maybe every state should have at least one and what are you telling maybe two maybe three so maybe there should be three hundred four hundred maybe five hundred. What are you toys United States tops? Even though you could say that when you could cover several states we have in the United States over fifty thousand. What are utilities one county Los Angeles County has two hundred separate water utilities? These are very tiny. They have no ability to have the financial wherewithal in order to get the financing that they need to make sure that they can in higher up to date Up that they can buy up-to-date technologies hire the most advanced scientists and engineers and also fix their broken infrastructure. Is Crazy Risi just real quick here. Who has the interest of keeping all of these smaller utilities open for utilities? Okay so no one of the Public Lisa. Nobody in the public should the second thing that this is a good idea. And it isn't a good idea. That's why one of the main thrust of my book talking about Public Health. Water is to say four big takeaways from my book. One of which is we must consolidate our drinking water utilities and by the way I a second point that I made in the journal Article is that it turns out that about fifteen percent of American. Utilities are in private hands which is investor owned hands whether they're public companies or private companies remarkably digging deep into EPA A health data which a couple of professors have done. You learn something remarkable. which is that although you would think that public utilities have the public's interest in mind actually we there's a much higher incidence of contaminated water in public utilities? And the reason for that is because mayors want to keep the price low and therefore the don't get the Outcomes you want set Siegel. Thanks for joining fascinating. Discussion set Siegel activist author member of the Council foreign relations author troubled water. What's wrong with with what we drink? That's coming October. I also author of let there be water. Israel solution for water start starved world. I am very interested in that Tom. Freidman near Times op-ed today on that the topic using the work of seth very

United States EPA America Great Lakes Congress Council Of Foreign Relations Seth Israel Interactive Brokers Siegel Wall Street Journal Typhoid Tilleke Michigan Public Lisa Singapore Los Angeles County Paul
Trump announces tariffs on metal imports from Brazil and Argentina

P&L With Pimm Fox and Lisa Abramowicz

00:10 sec | 2 years ago

Trump announces tariffs on metal imports from Brazil and Argentina

"The day started with some tweets from President trump saying that he planned to re implement some tariffs tariffs on Argentina and Brazil having to do with steel as a result of their devaluing their

Donald Trump Argentina President Trump Brazil
Discount-broker stocks losing further ground in wake of Schwab commission news

P&L With Pimm Fox and Lisa Abramowicz

04:02 min | 2 years ago

Discount-broker stocks losing further ground in wake of Schwab commission news

"Let's switch gears though sticking with Wall Street and talk about Broker Commissions Today Day this morning there was news that Charles Schwab is eliminating commissions for stocks. ETF's and options listed on U S or Canadian exchanges the race as to the bottom accelerates David Ritter payments specialty finance analysts for a Bloomberg intelligence joining us from Princeton New Jersey David. What do you make the news well. It's been something that's been a long time coming. I mean obviously fee compression brokerage in an asset management more broadly is nothing new. I mean interactive brokers made their own own move last week to cut commissions two zero for basic stock trades so I think it it's going to have the very different impact on the different players players in the market and Schwab's case you know they only earned about fifteen percent of their net revenue from trading commissions verses e-trade and td Ameritrade where it's more than thirty five percent. I think you're seeing that reflected in the action this morning but but Schwab is really more an asset gather than anything and and so I see this move for them as a recognition of the fact that you know we don't WanNa lose customers and assets in the long term to these new stock doc trading apps whether it be Robin Hood or whether it be J. P. Morgan is you invest because that's how they make money they make money on new net new assets coming into the company and then you know sixty percent of their revenue is net interest income so they're essentially a bank right so they're paying low interest and Dan reinvesting that money and save security so that's the real driver not trading commissions. It's interesting look at the stocks mention Dave Schwab down nine percent. Td Ameritrade down about about twenty two percent today an e. trade down eighteen percent so kind of right in line with what you were saying and my question is kind of talked to us about some of these new technological competitors offers that you mentioned kind of robinhood and things like that gives a sense of what they are and what kind of market share they taking yeah well in the case of robinhood. You Know Very Rapid Growth Bruce Company several million customers already offering quote unquote free trade what underrecognized though is Nothing's free a write in the case of all of these retail brokers that charge the customer Azero trading fee. They're sending those traits to market maker so companies like citadel citadel and they're getting paid. What's called payment for order flow for those transactions so in their released last week. Interactive brokers was very candid they they said well you know this is how we get paid and if you still want best best execution you can take our four. Fi product instead of our free reprised so I just thought that was an interesting way to to approach it but you know certainly these things are having an impact and for Schwab. They finally said to themselves look we. WE DON'T WANNA lose these customers 'cause they're young people right so they're really the future drivers of their growth right now. Looking at Schwab shares down now more than nine percent so shareholders aren't buying it. Yeah I mean I think for both of them. When I described a minute ago what percentage of revenue they get from trading trading commissions I think the market is pricing in perhaps half of that revenue going away. It's interesting because the last round of price cuts was a couple years ago. Oh Fidelity sorta kicked it off by going to four ninety five trade and Schwab matched them what happened across the entire industry was fascinating is that the net inflows to the the companies and the trading volumes increased so it actually drew in more customers and so again I think that's Schwab's rationale here is we're trying trying to remove any impediment to folks either getting more active or becoming active in the markets for the very first time and then going going forward into the future so not sure. We'll see exactly that again this time but that's what we saw last time.

Charles Schwab Schwab Interactive Brokers Td Ameritrade Princeton New Jersey David Ritter Bloomberg Growth Bruce Company Robin Hood J. P. Morgan DAN Nine Percent Thirty Five Percent Twenty Two Percent Eighteen Percent Fifteen Percent Sixty Percent
"pimm" Discussed on Beautiful You

Beautiful You

08:08 min | 2 years ago

"pimm" Discussed on Beautiful You

"Search for me. It was definitely believing in mind so even if i didn't feel i could do something amazing unlike stock group teaching dot playing awesome gains and create games for my students. It just did seem a little the on many but if you just allow yourself to be as you always have been than it's going to be. It's not going to give the students the best you can give as well while if you always going to stay as you have been going to to give give the best so in in stretching stretch just self and you've increasing our guest your capacity to to bring technology into teaching chain and to become a better teacher at every in every way. What do you think some of the benefits of a love what you said. The benefits far far outweigh has scary. It was so what have some of those benefits thing not just to the students perhaps i'm. I'm sure we can imagine that but to you. What benefits let's have you gained out of this yeah. I've actually been going away like i spend my holidays planning will be doing and putting putting games imply sent all these new things i could do and probably jason made the greatest benefit as that knowing. I didn't like i'm i'm. I'm putting myself out there. I'm not just a piano and what about putting yourself out the we'd like going into facebook and and blogging how how did you <music> seal about that. Was that something that you found easy to join. It was a little bit scary because when you put yourself out there that's it komo everybody can see your noy and then all of a sudden you have people that yeah have opinions habsburg. I've had such great responses. I've been amazed that is so awesome. Sorry the benefits of being your businesses growing you getting great feedback. I'm adding valley chee myself not just at a piano teacher a bit as a as a person and i think parents of students it's also want tonight that your you can and you want them to enjoy and to she take on that same passion <hes> is nothing was his apparent having to drag your children to something i don't want to do so. I'm i'm sure speaking on behalf of every parent out there that it would be an awesome thing nine that your kids are very excited to get to the lesson. Sorry thank you look at spain amazing. You have persevered through some negative stuff. You have experimented with lots of different things. You've you've done a lot of research to investigate these new and <hes> resource the ways that you're using to to teach pinault. Two children do at alz as well yeah i do and actually i'm really interested to start teaching and focusing more outside. I have started with my online blow of this a away that they can themselves into the license so that i can just became <hes> whenever they have time so i don't start has the same weight class commitment that they choose the lessons which works so well and of course the pressure of them because then not kids anymore dane they do have on commitments. I have <unk> after the nike and really just get high s- i really enjoy that. Gosh share that that's fascinating and definitely gently something as you get older. Laugh gets more complicated a lot harder to become committed sometimes as much as you want to so thank you so you have <hes> shed some interesting insights into your journey and just one last question for you. How do you think this is major a more beautiful. Who'll you <hes> well. It really causes you to dig inside. Do you like most people would not sign. That job is the passion that i really had to dig down a great use this my passion and it always comes back resounding. Yes which makes me realized that i need she build my character build abilities and discuss limit to the creativity likely g. my passion and two i add and it's definitely given me a lot more confidence when he stood pat and juice well congratulations and well done. Am i allowed to just spin a little twist to this interview letting letting need the little bit of a secret when i have had during this interview you tell them go on you. Tell them now mariane. I usually cohen mom. That's right. He's the one that has put so much into me. Array stages is definitely something i look for when when students sign up how has commuted the parents to supporting kids in his it's crazy it makes the world of difference yes as end look we as parents of course are tremendously proud of what you've achieved but also we the <hes> we want to inspire other women. Aren't we easy to sit back and just watch others succeed and watch others do things and think we'll they're amazing. I could never do that. What would you say to somebody who's listening today that sitting there thinking well you know she had a mom that helped her and she had a nice take to that mantle and hair and she's got a husband that can build her website. You know what would you say is fatal. I was saying okay. It's your aw really is your passion. Then you'll find a way for it to happen like it will happen and you'll find your friends. Things will come along and support. You like eagle happen. If you get your passion and you can do with that and you believe in your heart. The napping can stop here. I love that if it's a passion you will find a way so i guess the first thing we really have to find you know to dig down and and get that beautiful oh you fully revealed in fully expressed is a passion knowing that passion knowing what's deep within us the name win that can stop to blossom and bloom. I guess ask for you. Has it just driven. New has been the thing that's just kept you grounded and connected with your your desires and your dreams yeah. Yes definitely even at times and i thought what am i doing. When i was disillusioned. Aside why missy he can <unk> wise. If my life and i nor is just it's what i was created. I can't run away from it. It will always come and find me on in seeing we're seeing so it's it's definitely my passion year while well. I thank he's so much naomi thea time today and for joining us on beautiful you. You're welcome. If.

facebook spain alz jason missy pat cohen
"pimm" Discussed on Beautiful You

Beautiful You

14:40 min | 2 years ago

"pimm" Discussed on Beautiful You

"Miriam snap and and this is beautiful you sorry welcome naomi pin. Thank you so much for joining us. On the beautiful you could cost naira une- has is a piano teacher and runs the nary meet p._m. Piano studio side miami had it a win did did you start learning piano and how did that. Come about to you. When i started learning when i was fry and kind of had a <music> a practicing a lot it was hot initially that my mom was had elaine both in that and then by the time i was ten. I could play pieces. This is confidently from memory and i really after five years of age and you <hes> rancid iran yet the you've been playing n._p._r.'s at twenty five years and you not seek over so you started playing confines. You think twenty five years playing piano bar and had you keep the passion you know what was can you that that made you want to continue learning well. I think it was that i could contemplate i play pieces from memory and that was impressive when people listening and then i connected with my teacher and just love sitting down on the piano to create prices of playing wow. That's this clearly a gift that you have that. Passion comes from something deep within and that sorry are so beautiful because it's it's inspired you to keep going in and now from your learning. What where did you get with you. Learning i ended up going old away to university and to do a master's as well so i never dreamt on gun thought got. It was just a growing passion. I had since baby while so you've done a masters of piano playing. That's pretty darn impressive as well so you're learning journey would have had certainly had ob- obstacles you would you would you silo dialogue the way with it obstacles. You had to are the come. Even though you had that passion odd definitely it didn't just full into my lap. I remember uh aw there were other kids when almonds chan that could apply that to me that were beyond my level and it it didn't deter me a stop to it and now they ended up finishing piano. I continued as anyone that kinda stuck to it so it definitely takes determination yeah. We'll we'll we'll done so on that. Journey of learning yudin kim decided that you wanted to become octa teach other people this same hash guessing gift that you head so what prompted you to take on and teaching piano well. I think it was my teacher that said why don't you consider teaching beginning and only if dana on sixteen at a time and sorry i think i put it will not stop in a the general stool and i got an in student that was right by her lesson so tight started teaching the cycling piano teacher so you ride to their house and you guys them. Listens had it feeling that initial stage as a as a stiffening sixteen year old becoming the teacher. It was very exciting and i don't think i really realized how much i was worse. 'cause i had very low oppressed i since i i really loved it yet this year and i i love teaching so you stopped teaching at sixteen you and i are we had a chat earliest so you've been teaching now as a pianist being teaching fourteen years and in the last four years as you've gone full-time and started ninepin piano studio by the transition happened from going to just may be occasional students to a full time studio situation well yeah. It was always something i just kind of did on the side aside during my university studies and you have the last four years i when i got back from a gap here i realized that anything i could actually do really well was teach piano. I and how can i get so many students at once and i didn't really have the skills tonight right how could set myself up like that so i started teaching the schools and initially started with thirty students awake and gave me a lot of great experiences france to different ages and levels and last few days of just confidence not experiment a little bit more and now <unk> venturing out more on my mind business. What do you think was different to the schools to what you're doing now. What what do you kind of see venturing <music> out to to me well in your own private studio you can really set the standard and you can have a lot more freedom to be creative in halle lessons run and what they enroll in regards to you not limited to just thirty minute lessons since students you can g patent on essence you could agree blessings which i've only just kind of experimented with recently salata fund so would your pierre teaching in your studio line as say contrasting to teaching in the schools. What sort of things have you done to promote that well. I saw what some other teachers are doing and i o-on needs to sit at my i._r._a. Online presence and i did a facebook page where people could get to know me in a bath and my passion embiid my students and what succeeding in surrey i also started a block side which is my passion in rushing cyclic combined ratcheting music music in l._a. Wow that's awesome so on on your and i guess the thing that changed in for you was embracing that technology that digital marketing speak to what you doing. Was that an easy thing like did that just happen easily in some ways but for example the facebook page was fairly easy to sit up just needed to have some voters to put up. Sorry i had to get that arranged and then we the website. My husband is great sitting up so he sent it would have taken me ages so you could just put in your content and so with your blog. Had you signed. How'd you find that any face with page. How do you find that that has helped chromite. You is is it an increasing students <unk> yeah. It's definitely a lot more inquiry ace three to facebook page and i had a lot more normally has the aim of that is not just just to get new inquiries but he to add me to my kearns students and that's what the blog is really about so when i talk selena lesson i can reverse them to a blog post that i i've put up and it gives them more read the nation so it could be anything from how cheesy pop music by or what practice app i recommend wow so you're really embracing technology new piano lessons it you definitely have to we have to change chow <hes> we were taught like it worked backman <unk> times the changing and and the students expectations nations in what may enjoy is also changing so what when you say <hes> <unk> your children using eps. Can you give us an example of an app that they use news yeah so then is a practice out code. Torna that is fantastic signed all my students up to it's free and by cannot consent in their assignments and then go into that can send recordings in the nineteen by the ads. We'll tell them it's bad playing sounds like the recording on and give them it gives them the back and they go on studio leaderboard to get points right right. That's been a huge success especially with the youngest students. I have older students that also <unk> mainly for that reminder of what assignments <unk> tweet wow so there's a leaderboard and somebody gets today. The top of the leaderboard for the wake really especially for the youngest students love aside cool so wow you've gone from starting at five years of age to a university level piano and now your a h._p. Annotate that embraces some very funky and son technology on. I'm really i'm really intrigued in wish that that i could learn the piano. What about what about on your journey. Though what was some of the challenges that you had to face like how well how did you find embracing the challenge of just the blockages like. Did you have blockages or was it just a c few on i definitely am i enjoyed playing and i think when i got to my eighteen ideas there were definitely some books that popped up all of a sudden next furnishings and paying payroll was extremely noth nerve wracking experience and i had to push through that and then as you go up into university or even been pulled in a lot it's positive criticism which can make or break key and you really have to decide whether you take on board the negative or you just let it wash off and keep pushing through undulating yourself while and <music> in believing in yourself. What did you have to believe that i could. I i think the worst criticism our saved that was fifteen was asked to play for a masterclass convention and i was told i had spaghetti aengus yeah i i am always quite devastated at what's the point and then the next week i was meant to perform in another the competition and or with the next one was a competition and i did not wanna do it. Obviously okay and did you well. That was my that week. I had migrants this lesson with my new shannon. I teach shot and i would say piano teaches tight on the role of not just teaching music by mental as well and she really challenged me <unk> and basically spoken to my life and said what what are you going to do with this. You know you can be yet. She's <unk> and just give out all you can put it back back into her face and showing them what your mind odds while there's something in me was challenged that and i ended up playing extremely well that weekend. Sorry well done not to be not to be put off not to be he's. He's not to allow that setback of the negativity. I guess too yeah that's a big challenge and what about other challenges that you've faced in terms of transitioning from tater to studio. That's a different a different ballgame yeah the from the former teacher well. I guess you were performa and then you would teach your in a school but then taking on your own studio art and making a viable apple business out of that yet will the biggest thing i realized was it. This was not just a way to make money for me and it never should be just that in fact i have sorry much <hes> skype faw aw creativity in my own private studio more than if you're in an institution i mean you have some we can pretty much decides the how and what we teach and sorry with my own private business i saw the endless limits is not in the nets t. the creativity tippety that you can use. Where did you find out only had you break through those limits. Had you breakthrough through. What did you do to break into that newer higher space yeah. That's a good question. I think the the biggest thing is believing in yourself and it is quite a scary thing when you break hat into something new or experimental german enshrined some aid not tried before and but the benefits far outweigh the.

facebook naira une Miriam snap elaine miami iran naomi apple n._p._r. dana kim halle france l._a backman kearns twenty five years five years
Index of U.S. leading economic indicators climbs for July

P&L With Pimm Fox and Lisa Abramowicz

05:56 min | 2 years ago

Index of U.S. leading economic indicators climbs for July

"Today's july conference board leading economic index which actually came out positive and more positive than people had expected here to talk about. It is bart van ark. He is the conference board's chief economist joining us but i just want to get started with the numbers. What exactly did we see in july well. It's a pretty broad based improvement actually into numbers so <hes> particular helps. Here's housing permits have picked up a fair bit. An employment insurance earns claims have gone down which was mentioned just earlier stock prices in july. Were okay not an artist of course when you're either leading credit index okay. There are few downsides you know for example komo. Ida is an index has been down july. That's being continued but if you balance it all out it was actually somewhat stronger improvement. We had expected and i think what's very important. It's not just one month. You've also are six months average has improved quite a bit and he's sort of back on track about open eight percent growth so the expansion just seems to extend a bit further. It's interesting the <hes> <hes> some of the data your data today some of the p._m. Data at it. I think we're just thinking back to some of the retailers that reported this week. You know just kind of reinforcing this narrative that at the consumers generally pretty strong there but let's flip to the manufacture and that seventy percent of the u._s. economy but that thirty percent manufacturing side showed some signs this continued show signs of weakness and we certainly have seen some weaker numbers out of europe including germany so kind of what are you seeing on a manufacturing front yeah so the manufacturing psycho still very weak issue say dire highly highly dependent on what's happening in the rest of the global economy over germany was u._k. Japan significant parts of asia are week so that's why we expected. Industrial cycle will continue to be downbeat on this whole story but you're saying the u._s. It's the consumer which really matters as long as the labor market remained strong continue to see some increases. I think will pull us along for a while. How much of the increase in the unexpectedly large increase in this leading the economic indicator index is due to lower rates and the idea that the fed was going to cut rates more than people had previously expected earlier in the year yeah. I think it's a little bit early to expect that to change in tune of the federal reserve has already playing out into the numbers etc confidence site so i think on the confidence site right we will. I think it has helped consumers to hear the story that there's you know lower rates and that helps them. A little bit is the only thing is about housing. You did see an improvement in housing in your there was an improvement in some of the credit metrics which have to do with also lower rates makes it easier to borrow and refinance and as well as equities right that's and part of one of the one of the factors in the index so all of those things were sort of supported and i'm just wondering how much of a boost that is. I think the mortgage rates are by far the most important in here and that of course because that's where you will see these long rates putting putting through into the mortgage rates becoming lower so i think that's why did housing permits number comes nice offer for housing indicators that those all look pretty well so i think the housing market is a very important part of this action so it's interesting the lot of talk kind of growing talk a with the better recession in the economy. Maybe you know i guess in the beginning of the year. People can omid twenty twenty now. Maybe push the late twenty twenty two twenty twenty one but i guess what what what is your data showing you as and what are your thoughts about pending recession given just how far we are in the cycle of i would say i mean despite i today's good number which were very happy about we still believe that economies on a nice edge and <hes> so default scenario is a gradual slowdown of the u._s. Economy me too about two percent for the remainder of this year which is slower than it was last year and the average to beginning of this year and into next year we'll be around two percentage wise as the underlying the long term growth rate of economies who are more at trend but there is a down a potential risk of course a very very high and again to consumer media metrics here. There's a lot of uncertainty and economy. The consumer seems to be okay with it. I mean you all the news comes in and goes out in everyday changed on balanced. I think it's kind of okay but if any of these uncertainties rhetoric is brexit or the trade trade disputes or hong kong is turning into a big shock to the consumer could pull back and that would be the alternative scenario of much faster slow down so you say that even even though this is positive you think that the economy is on a knife's edge. What in the numbers is giving you that sense. Well i think in numbers there are still as as we have seen in. Today's numbers vary a little but the underlying economic fundamentals have been weakening. You know i mean we're we've been gradually slowing down to this trend growth of the economy yesterday. There's still strong but we're adding fewer jobs but activity is going up but it's not going very rapidly so if you add all these factors up and the u._s. economy is not gaining team where just extending the expansion and that puts the economy at a nice edge because if there's a negative shock in the economy you can very quickly get into trouble but again. It's an alternative scenario r._e._o. Probabilities on the default of about two percent growth and are you expecting any kind of trade deal done before the election or you. Is your base case assuming now well. The question is what what exactly is a trade deal. I think both the u._s. And china want to get to some kind of agreement because his beckon thorvald not agreeing on anything not helpful to question is what is the nature of that agreement and most important thing of course is to get these terrace of the table or at least a fred of tariffs and gradually pulled them back better we will have more fundamental agreement which deals with intellectual property not and technology and and fern direct investment arrangements. I think that's probably something that will take more time bart van. Thank you so much for joining us part dizzy chief economist for the conference conference board. Thanks for listening to the bloomberg pl podcast you can subscribe and listen to interviews at apple podcasts or whatever podcast platform you prefer on paul sweeney. I'm on twitter at p._t. D._t. sweeney and lisa abramowicz on twitter at lisa abramowicz one before the podcast. You can always catch us worldwide on bloomberg radio.

Chief Economist Twitter Germany Paul Sweeney Lisa Abramowicz Bloomberg Bart Van Hong Kong China IDA Europe Asia Omid Twenty Twenty Japan Apple Two Percent
"pimm" Discussed on Radio Free Nashville

Radio Free Nashville

01:39 min | 2 years ago

"pimm" Discussed on Radio Free Nashville

"Because all of a sudden it's going to sink into Americans that this isn't just rhetorical. And this is real and this will affect our lives and our daughters, and our and our wives and, and so on. So I you know, I think that what's playing out here right now is actually a very healthy process, not the legislation but the backlash to the legislation and the ferocity. Of that backlash is very encouraging Fred. I, I see the, the forced forced pregnancy group going down just like the forced guns. So years ago. Stuart Pimm biologist introduced me to the concept of the high interrelatedness of different biological systems, for example, in the Pacific northwest. There are forests that are having a problem because they're lacking dine. Where did they get their iodine from they used to get it from salmon spawning up the rivers being eaten by bears who would then poop, the iodine in the woods, literally and feed the trees, and when the bears are hunted out or the salmon stop running the trees start dying? Well, it turns out something, very, very similar to that has been going on in Africa with hippos, only it's the other way, around instead of the rivers feeding the forest, it's the forests feeding the rivers, and the hippos are gathering silica, which is amazing mineral from eating grass, and in, in the forests and fields and they carry this into the river. It's just a remarkable story. You can read you can hear the whole thing on our special members only podcast over a Tom. Hartman dot com and our special members only podcast on patriot dot com. Mm.

Stuart Pimm Pacific northwest Fred Africa
"pimm" Discussed on Radio Free Nashville

Radio Free Nashville

01:39 min | 2 years ago

"pimm" Discussed on Radio Free Nashville

"Was going up and overflow crowd. And there were people standing in thermal number outside. Yes. She's generating a lot of buzz your number two and three choices. Russell. Tell you the truth. I'm just here. Just there with Liz. Okay. I got it. I gotta run thanks for the call. I'll I'll read with L review Lisbeth. Warren's letter in just a moment. We'll be right back. So years ago, Stuart Pimm biologist introduced me to the concept of the high interrelatedness of different biological systems, for example in the Pacific northwest. There are forests that are having a problem because they're lacking iodine where did they get their iodine from? They used to get it from salmon spawning the rivers being eaten by bears who then poop, the iodine in the woods, literally. And feed the trees and when the bears are hunted out or the salmon stop running the trees start dying. Well, it turns out something very very similar to that has been going on in Africa with hippos only the other way around the rivers. Feeding the forest. It's the forest feeding the rivers and the hippos are gathering silica, which is this amazing mineral from eating grass and in in the forests and fields. And they carry this into the river. It's just a remarkable story. You can read you can hear the whole thing on our special members only podcast over at Tom. Hartman dot com and our special members only podcast on patriae. Dot.

Stuart Pimm Dot Lisbeth Pacific northwest Liz Russell Warren Africa
"pimm" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:38 min | 2 years ago

"pimm" Discussed on Bloomberg Radio New York

"Are a little scary. Today, the ten year up three thirty seconds yield two point four five percent. Gold up one tenth of one percent, twelve eighty six ounce. West Texas intermediate crude down one point three percent. Recapping equities lower s and p down forty eight points, a drop of one point seven percent. I'm Charlie Pellett. And that's a Bloomberg business flash. This is Bloomberg BusinessWeek with Carol, Missouri. And Jason Kelly on Bloomberg radio. So you are listening to Bloomberg BusinessWeek and extended version of Bloomberg BusinessWeek on this Tuesday. Take a look at a director's cut, Carol Massar, along tastes and Kelly. In our Bloomberg interactive brokers studio, we won't talk a little bit more about the market trade that we saw today because we've seen a lot of complacency certainly in the financial and the equity markets in particular. But so some investors may be perhaps a little bit surprised by some of the selling today. Let's get into it with our own, Pimm. Fox Bloomberg markets live blogger in our Bloomberg interactive studio, legendary Pimm FOX is the legendary Kim FOX. Yes. Show doesn't it? The FOX and Bloomberg news reporter Mark ticket. He is on the phone from Columbus him. Let's start with you. I we were just kind of kicking things around here. I feel like a lot of us have seen really, you know, some steep selling in our lifetime when it comes to the equity markets this date in feel like that. Well, no. And if you take a look at the details, for example, the S and P five hundred which was down what one point seven percent. What would the biggest declines in the index apple down two point seven percent yet? The shares of apple are still up with that decline. They're still up twenty eight percent. So far this year. Microsoft was the number two loser in the S and P five hundred it was down a little bit more than two percent. Shares of Microsoft or of twenty three percent. So far this year. The list goes on Amazon up twenty eight percent so far. This your Facebook. Facebook is up forty five percent so far this year. So I would just offer that a little con. Text might make you feel a little less. Thank shis when you look at the overall decline. You gave me the best context that I've heard so far you, and I have a mutual affection for a certain brand of bourbon, whiskey, and you said, you know, if we've had the president of the company and if they cut their prices by two and a half percent. Would you rush out invite that a meaningful difference to you? And I said, no and also just to mention I happened to look up the number of price swings in the SNP five hundred that were greater than one percent either down or up, and this is number thirteen so far this year. Wow. So you've had some price swings. And you've had experience if you're an investor, you know, that this happens, but, you know, the earnings for the S and P five hundred I think we've got over four hundred maybe four hundred and fourteen to be exact have already reported. And it's like sixty seven percent of them have already beaten on the line. And we've got pretty good results. So let's bring in Marquette here. Because Mark part of what's going on. Here is that people continue to be worried about or at least unsettled by maybe to put it in a different way. What's going on with these trade talks that tariffs that may? In fact, go into effect on Friday. Help us understand the economics. And you have a great story that essentially gets into this idea of who's actually paying for the billions that these tariffs are costing tell us about them. Right. I mean, you see the president tweet and make comments often along the lines of the US treasury is taking in billions and billions of dollars from these terrorists. And it's a great thing because China is paying them not the US. And while there's ways to look at this from an economic standpoint that you know, if China's raising its prices are lowering its prices excuse me to account for the terrorists or the value of the dollar. You could say that technically China's paying somebody's terrorists. But overall, economists generally say that it's US companies and consumers that are paying the the cost of the terrorists. It's not like China is, you know, sending billions and billions of dollars to the US treasury. And so is he just taking advantage of the fact that most people just don't really understand how this works. Well, there are studies out there. There's one that did suggest that the numbers the president will say, you know, let twenty twenty one percentage point. Of twenty five percent tariff would be paid from China. But the problem is that study was kind of based on a hypothetical model using historic import data. And there was a report a good study that came out in March, which essentially looked at the actual import data from two thousand seventeen in two thousand eighteen and it showed that foreign firms are are not lowering their prices. So the impact is being born entirely by US companies and consumers one thing I think about him is that we said this year, we're going to see a lot more volatility right in terms of the market trading. Joe Weisenthal kicked off our broadcast today markets editor and he said, you know, hey, just last week. We had a record in the S and P five hundred. I mean, we are seeing volatility. Yes. And it's worth mentioning that. We are seeing a record in the S and P five hundred but we are trading at levels right now with this decline. Okay. One point seven percent that are equal to the same level. We were at in January of twenty eighteen so it says if that. Eighteen month or sixteen month period never happened. Right. And so I think that while we talk about records, it's useful just to compare what has happened over that period of time. When companies have produced earnings, and you know, yields have gone down for treasuries, and that makes them, you know, slightly competitive because the yield on the S and P five hundred is below the two year. I love that you talking numbers because I think at the close the SNP is still a fifteen percent this year. The dalit die was still eleven percent. The NASDAQ is up about twenty percent small caps. The Russell still up seventeen percent this year. Even with the pullback. Yes. And those are pretty good numbers. If your portfolio manager sound like great annual returns. And so Mark as we play out the economics of this through America. One of the elements that comes up when you talk to farmers and manufacturers and business owners, and folks like that is they say, it's just not the Matt's. Not quite working out. The way that it felt like it should. Part of it is the tariffs part of it is you know, tax cuts and whatnot. Help us understand where we may go from here, depending on how the tariff conversation goes. Yeah. I think it's a question of how much short term pain is worth getting long term benefits. It's been sort of the argument that the Trump administration has been selling, particularly the farmers who are really getting hammered right now by retaliatory terrorists from China and other countries to the Trump terrace, you know, sort of stick with me stay with this. I know you're hurting now, but you know, we're all going to be better off in the long run. And, you know, the the problem is I think these terrorists are studies have shown are disproportionately affecting additionally counties, Republican counties farmers and areas earlier is that supported the the Trump administration. So you know, there's going to be sort of a tipping point. I think where you know, the administration feels like it doesn't have the support of its core group of backers. And you know, might get more pressure to do a deal, and that sort of where we are at this point is okay. What point does the administration deal in China feel like they can strike a deal and both can say. You know, they've won the say face. All right. Just got a few seconds left here about thirty seconds pm. I'm just thinking about tomorrow when you get back on the markets live blog. What are the kind of things you're going to be watching out for in the morning? Well, we wanna see what the earnings are going to be. We're going to be looking at a variety of companies and check out how they're performing. And we've got I believe we've got Disney. They're going to be reporting their results this week as well as Viacom, News Corp and FOX so we're going to be checking on actual corporate earnings because that's supposedly as well to drive stock prices right in with these guys have to say that outlooks I could stand up ventures. Man. That's a nice one to have in your pocket. Bloomberg markets live blog are, of course, Pimm FOX legendary Pimm FOX joining us in our Bloomberg interactive brokers student, of course, our thanks to Bloomberg news reporter, Mark, Nick cat. Also joining.

Bloomberg Bloomberg BusinessWeek Bloomberg interactive brokers Mark ticket Pimm FOX China US Fox Bloomberg president Facebook apple Jason Kelly Carol Massar Microsoft Pimm reporter Charlie Pellett Trump administration
DERM Stock Up 100% After Dermira Announces Positive Trial Results

P&L With Pimm Fox and Lisa Abramowicz

00:43 sec | 2 years ago

DERM Stock Up 100% After Dermira Announces Positive Trial Results

Big Oil Companies Finished 2018 Strong Despite Plunge in Oil Prices

P&L With Pimm Fox and Lisa Abramowicz

06:24 min | 3 years ago

Big Oil Companies Finished 2018 Strong Despite Plunge in Oil Prices

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

05:47 min | 3 years ago

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Right now, I wanna talk about the battle of the behemoths in the healthcare industry. Walmart coming out and saying that it will leave CVS health's network that administers drug benefits for millions of Americans. Joining us now in our Bloomberg interactive brokers -tudios drew Armstrong team leader for US healthcare at Bloomberg news. So what's going on here, drew? So if you think about CVS and your normal person, you probably walk around you see the pharmacy on the street you for and if. I was gonna always on. Why won't go that far in normal? But I will say a regular person who walks around on the streets of New York City. You've got a. CVS because it's a drugstore where you go and buy toilet paper pick up a prescription. But actually about sixty percent of their business is something called pharmacy benefits management and this entry what they do is. They sell their services to health insurers and big employers like Bloomberg, for example. And they say, hey, there's thousands and thousands of drugs out there. You've got to negotiate the price of each and everyone you also have to get a network of pharmacies where you can go pick this stuff up. We'll handle their basically a middleman for this super complex market what they do is. They charge their employer insurer client's fee for their services. And then they pay the drugstores in order to dispense drugs. And so, you know, all right now, look at WalMart. Walmart got about five thousand stores, they've got drugstore in each CVS is paying these guys a fee every time that someone walks into a WalMart and says, hey, I need a prescription. You know, my my prescription for my laboratory, WalMart said you are not paying nearly enough for this essentially, a dispute over prices and. Got bad enough that WalMart was willing to say we're going to walk away from one of the biggest biggest PM networks here. Now CVS has tons of stores everywhere sodas, WalMart, you're not dealing with a lot of geographic overlap here necessarily. So it's, you know, people are thinking won't be that big of a hit to CVS for that reason because they have stores where they can steer their drug customers. That said this is a pretty big shakeup. And I think the really meaningful stuff could be what comes next year. So all right. So we've got WalMart. We've got CVS as you mentioned two of the, you know, the biggest players in the business, basically having a tiff over price is an expectation that this will get resolved at some reasonable period of time. It just seems like these are two big players have to do business with one another. I think when we looked at the public statements out of these companies. It was pretty surprising WalMart came out swinging pretty hard. I mean, basically said this has been bad for healthcare bad for our customers. We don't wanna play ball on this anymore. Most of the time these are disputes. Do get resolved quietly discretely. I mean, this is like this is a B two B thing where you know, it has impact on real on real, folks. But most of the time this gets worked this has turned ugly. And there has been a lot of pressure on these pharmacy benefit managers. They're getting it from both sides there being criticized by the administration and drugmakers for having a role in keeping drug prices high. And now they're getting criticized by pharmacists were saying, hey, you're you're you're hosing us on this. And we can't get enough money to run our business effectively just to give you a sense of what the market reaction has been WalMart. Definitely coming out ahead. Shares up one point three percents. He has down more than one percent. I'm wondering from your perspective. How this reflects the bigger issue here, which is big corporations in the United States taking on the bargaining power themselves. I mean, any talk of WalMart potentially acting as its own pharmacy benefit administrator and just sort of bypassing CVS entirely. I think a lot of big employers and insurers and anyone who spends a lot of money buying drug benefits have looked at this industry. And said is there way for us to do this better ourselves, and there has been a lot of pressure on any kind of middleman in healthcare to say justify why you're here for us justify why you're not just taking rented here. And these guys will fairly argue these are really complex benefits, we handle something that other people don't want to do or can't do I think that there's also a perception by some of their business partners that they started as one thing which was a relatively discrete kind of middleman entity managing some really tough stuff. And then they have since grown into a business figures out to add on fees, and profits and do all sorts of stuff through a pig contracting. I mean, that's the criticism. These guys that it turned into a massive profit center as opposed to just being a a service provider that's relatively benign. So does the market expect or is the industry? Expect more of these disputes coming down the road here. I think you're gonna see more disputes like this where you do have big pharmacy chains big employers insurance pushing back on the folks who kind of exist. Between them and the patient or between them and the customer. There's a men's pressure in the US right now to deal with healthcare costs to squeeze money out of the system and people looking at this and saying there between the end customer, and you know, the doctor prescribing this stuff we've got five different layers of companies. Do we need them all CVS to be fair? Just bought Aetna. A giant insurer in order to simplify vertically integrate a lot things for some of the same reasons. So I mean, this is, you know, they're they're both feeling this pressure, and creating some of it themselves, and perhaps even trying to set up for a time when they are cut out if they are out of the picture have diversified business to Armstrong, thank you so much really really great rundown of what's going on here. Drew him Armstrong is team leader for US healthcare at Bloomberg news twinning us here in our eleven three owed studios. Thanks for listening to the Bloomberg PNL podcast. You can subscribe. And listen to interviews at apple podcasts. Soundcloud, or whatever podcast platform, you prefer. I'm Pimm FOX. I'm on Twitter at Pimm FOX. I'm on Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio.

Walmart Bloomberg United States Bloomberg interactive brokers Armstrong New York City Pimm FOX team leader Twitter Aetna apple Lisa Abramowicz administrator sixty percent one percent
"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

06:21 min | 3 years ago

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Crude oil today falling after a string of increases the value of crude on the NYMEX fifty two dollars thirteen cents for a barrel of crude that's decline of about a half percent here to help us understand. What's going on in the world of fossil fuel? Stephen Schork is the president of the short group. Stephen. It's always a pleasure to have you with us. What do you think the price of oil is going to be at the end of the month? We staying around fifty fifty two dollars a barrel. Yes. I don't see him scowling significantly higher. Perhaps we can make a foray into the mid fifties. Keep in mind that we had a significant sell off at the end of twenty eight teen where spot prices got down to about forty two dollars. So we're solid ten dollars a barrel higher. We're pretty much now at the bottom of the market. That is to say, I think that's forty two dollar number was overdone. You had a significant amount of psychological factors pushing all markets lower. And I think all just fell in sympathy with everything else. So the market obviously got way too low at forty to fifty to fifty five when we look at the economics of pulling a barrel out of the oil generally in here North America. You're sensually at the bottom to concern now going forward why we'll probably see a cap on prices for at least the next two months, Pimm is that demand for crude oil now is strong. But in the months ahead, and certainly by the end of the first quarter demand will be significantly lower. Because refineries here in North America and northern Europe will go into their maintenance season. So they'll begin buying fewer barrels on-the-spot market of crude oil, which should lead to some overhang going into the second quarter. I'm just wondering why have analysts gotten oil so wrong. What is the big variable that people keep underestimating with oil with boil right? Excellent question Ali. So and I think as certainly with regard to oil it's similar to what a natural gas where we tend to look solely on the supply side. So we I think at this point we put too much weight on the impact of OPEC part of the run up that we saw back in September. We keep in mind that we had about ten dollar rally in September. Which is at the weak demand part of the month on speculation of what depending Iran sanctions, which went into effect on November first we're going. To impact the market. So we're always looking at the supply side, and we tend to ignore the demand side, and I think gauging demand whether it's in oil natural gas that is really the arc to forecasting right now in similar to natural gas where I think too many four cats took into consideration record production and completely ignored. The fact that demand was keeping pace with that production. Do believe that Saudi production will remain at its current level. I do I think I will have to if not the we'll have to put more barrels on the market the US perhaps now is producing as much as twelve million barrels a day, which is by far the largest producer in the world. I do not expect to see any sort of significant pullback in that production even down at these levels giving that last summer production for twenty nineteen you had the ability of our at least two months to hedge at seventy seventy five dollars a barrel. So I do believe we have a significant amount of future production that's already been sold at these levels. So those producers will have to continue to produce to offset those short positions in future market so Saudi really cannot up production. I think at minimum they will maintain production. If not have to pull production out of the market, given the strong response by US producers sort of interesting talking about how people are overestimating OPEC, I'm wondering what's the perfect price for US producers US producer right now. Keep in mind twenty four teen when everyone was under the assumption at the end of that year that Saudi Arabia was trying to derail North American production. I said a dead and said it ever since and I'll continue to say Saudi was not trying to the store US production because they couldn't destroy US or Canadian production. So that said with Saudi Arabia actually did in twenty fifteen was give the industry a shot in the arm and at did all the heavy lifting. That defense cheap capital created that bubble. So now, I'm getting out here is that us producers are much more profitable at level levels. Given the efficiencies they've created over the last three years so at a minimum depending on the play you can make money with oil as low as twenty five dollars a barrel thirty five dollars a barrel. But if you're going to take a blended price, I would think say that we are at these levels looking at my Bloomberg oil right around fifty two dollars a barrel. We're pretty much at the bottom of market. You would wanna see oil back to where we saw back in September up around that sixty five seventy five dollar level. And that would certainly be a sweet spot for US producers, Stephen Schork in about twenty seconds. Do you believe that the gasoline shortage in Mexico is going to have any effect on the price of oil? No, I don't actually him at this point. I don't think the Mexican shortage at this point. We'll have much of an impact especially given that gasoline supplies here in the United States are at an all time high and that will continue through the first quarter. Thank you so much for being with us oil definitely an important topic right now because it's also been a driver in inflation expectations as we've seen oil rebound. So to have five year inflation expectations which have had their best four day rally in a very longtime. Stephen schork. Thank you so much for being with us. President of the short group. Thanks for listening to the Bloomberg PNL podcast. You can subscribe. And listen to interviews at apple podcasts. Soundcloud, or whatever podcast platform, you prefer. I'm Pimm FOX. I'm on Twitter at Pimm FOX. I'm on Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio.

US Stephen Schork producer Bloomberg OPEC Saudi Arabia Pimm FOX president Twitter Pimm North America Ali Iran Mexico apple
"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

03:02 min | 3 years ago

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Quite funny to be honest. But yes, the law connection is and other one the comedians been very quiet on these story, and you know, some say because it's very close to his hometown very close to city. But let's remember the generalize. Also, very, you know, at the moment is very symbolic city because of multiple bridge which collapsed in the summer killing many drivers. So it's, you know, it's it's a city, which has a particular political. Meaning and suspect that's one of the reason why the government didn't want to let down the Bank as he would be perceived and he's prepared to step in. So it's an economic story. But with a lot of political with a strong, put it go dimension. As what do you think that the issues at above gutty, Jay, and the fact that the Italian government is willing to even make this move indicates much broader stress right now, the Italian financial system, that's. Not being focused on as much for the moment. Well, I think this is part of a tale of banks which have been suffering for the past five sixty as consequences of utilities double the procession the two thousand eight crisis, and then you resume so rain debt crisis. So you know, way you could see these legacy of the past much like Monterey Paschal or the two van the banks which were liquidated a year and a half ago, but you're up silly, right? There is stress at the moment for the banking sector the tiny Connie's not doing well is part partly the euro-zone slowdown. Partly some self inflicted wounds collapse of confidence for companies in the country, and partly because it will happen to the sovereign debt market twenty eighteen big big jumping he yields. Instead. Now, you know, they haven't fully normalized yet. Funding costs are going up. He can all make TV slowing. This is I think is. Pointing to some trouble ahead, which is certainly no making these for. Banks in difficulty such as to get out of their problems, and who knows could create some new problems for the banks has was he in the future. Having said that the Bank banking system, you certain back to shape and he was just four years ago. You know, as you rightly say challenges remain Fernanda Giuliano. Thank you so much for joining us for under juliano is a Bloomberg opinion columnist focused on European economics talking about the Italian government, and it's flipping and flopping and Lisa Abramowicz along with Pimm FOX. And this is Bloomberg. Thanks for listening to the Bloomberg peon L podcast. You can subscribe. And listen to interviews at apple podcasts. Soundcloud, or whatever podcast platform, you prefer. I'm Pimm FOX. I'm on Twitter at Pimm FOX. I'm on Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio..

Bloomberg Pimm FOX Lisa Abramowicz Twitter Fernanda Giuliano Monterey Paschal Jay apple four years
"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

01:46 min | 3 years ago

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Even though they've come from chairman Powell as so we need to wait for the January meeting before we go too far in terms of selling fixed income investments at this point. What do you make of what has happened or? Not happened in the high yield market, the lack of interest from investors that has been serious. But it's kept the primary thing that's happened. So far as it's kept supply from the market. So in terms of the high yield bond market as opposed to leverage loans with not seen a lot of growth in that market over the last six months, but is that lack of growth because investors won't buy it. They've already had enough of those bonds, and as a result, it's not because companies don't wanna issue it is because they know that there's no one going to buy it. The bigger risk is not necessarily in terms of buying new debt. It is refinancing existing debt. And that is gin something to look very carefully at in the second half of the year. We don't have that many maturity's coming up where refinancing is going to be a critical issue for the companies that depend on the high yield market. All right. Thanks very much for being with us. Jim Vogel is interest rates strategist for F. T N financial joining us from Memphis, Tennessee, right now, the thirty year trades just one thirty second lower at three point zero one percent the ten year at two point seven two percent. Coming up on Bloomberg markets. We're going to investigate is it better for a company to buy or build in order to grow. You're listening to Bloomberg markets. I'm Pimm FOX along with Lisa Abramowicz..

Bloomberg Pimm FOX chairman Powell Jim Vogel Memphis Lisa Abramowicz Tennessee F. T N one thirty second seven two percent zero one percent thirty year six months ten year
"pimm" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 3 years ago

"pimm" Discussed on Bloomberg Radio New York

"This is Bloomberg market within FOX and Lisa Abramowicz. Where's your views on the municipal bond landscape? If you know anybody selling those shares so that they can run out and buy a two year treasury that whole lot of optimism around the valuation of Uber. Why would Elon Musk do this breaking market news and insight from Bloomberg expert? Picks with Pimm FOX and Lisa Abramowicz on Bloomberg radio. Coming up over the next hour. We'll take a look at p g e the northern California utility, a restructuring PG, either inner out of bankruptcy appears increasingly likely going to be talking about Samsung missing estimates and weakening demand for memory chips. But right now, let's head over to Greg Jarrett. Bloomberg business flash, Greg. Thank you. Lisa. We opened a a lot higher. In fact, the Dow have been up over three hundred points, but we've given back some of those early gains the Trump administration pointed to progress coming out of its two day trade talks with China that was credited with the early games the dollar's up treasuries are steady and crude is up toward fifty dollars a barrel and expectations. The market will be tightened by OPEC's output cuts. We did not get government trade balance day-to-day today due to the government shutdown Kit Jukes society, general global fixed income strategist tells Bloomberg lack of information is just one byproduct of this government shutdown. Simplistic life. I just don't get a lot of economic data to know there's a lot of things that I don't find out about what's happening..

Bloomberg Lisa Abramowicz Greg Jarrett Pimm FOX Elon Musk FOX Kit Jukes society OPEC Samsung California China fifty dollars two year two day
"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

02:16 min | 3 years ago

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"You can do very very well. Tell us about your call for the industrial sector is that geared towards global economic growth. So we we think that the global economy is going to be okay. It definitely is going to be a lot less robust. And it wasn't two thousand eighteen Europe is struggling a little bit China has slowed down. But having said that a lot of these companies have sold off thirty percent and are selling twelve times earnings, and we think that it's an absolute imperative that the United States in China come up with some sort of a trade deal. It's in both of their interest. We think President Trump while he might not like to do a deal is going to have to in order to stabilize the US market. And if that's the case, we think industrials are very well positioned to start to grow again. And you're getting these companies that really good prices whether it's United Technologies or eating core or t connectivity. Really good businesses that will do better in a reasonable global economy. Sit just real quick. Are there any stocks that you're saying away from? So the one group that actually pretty well last year. Even though the business was not that good where utilities they were a flight to quality as a result. They're selling it. The high end of the valuation range that we normally would like for such a slow growth group. So this is a group that we would be taking money away from and putting into all of these other areas that we just mentioned PG. Surely, not I mean when you're when you're looking at that. That's just you're making a bet that they're not going to go bankrupt. And generally when you buy utilities, you're buying it for safety. So that would not fall into that category. If you're trying to buy utility for safety companies like Duke or very good companies. But we think they're pretty fully priced David Katz. Thank you so much for being with us. David Katz chief investment officer matrix acid, managed advisory matrix matrix, acid advisor as based in New York. Thanks for listening to the Bloomberg PNL podcast. You can subscribe. And listen to interviews at apple podcasts. Soundcloud, or whatever podcast platform, you prefer. I'm Pimm FOX. I'm on Twitter at Pimm FOX. I'm on Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio..

Pimm FOX David Katz Bloomberg Twitter United States China President Trump United Technologies Europe Lisa Abramowicz chief investment officer Duke New York apple advisor thirty percent
"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

01:51 min | 3 years ago

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"You're getting more than four percent which as pinpointed out before. What are we seeing? Now in the point two one percent. Twinge in a ten years for the seeing the two. Yeah. So, you know, this is a nice pickup. Now, these are risks though about the risks. Look, these these are lower rated one today was triple b plus the very small talking about you know, total total enrollment of six hundred thousand so they're much smaller end, you know, schools have been under pressure the last several years as and I remember looking at in the the Randolph colleges, you it had this thing called tuition reset with the the school has been asked by the board to take a look at rolling back tuition, which you know, if you're a parent, you know, it gross for four five percent year. And that was the first time I saw a while tuition. Reset randolph. Has also selling it's selling its horses closing down. It's a question program. A lot of interesting thing fascinating. But but you at the same time these smaller schools, they have very devoted alumni and dance. John. Thank you so much for being with us. Joe? My sack is the editor of the Bloomberg brave focused on this Levada market for us here at Bloomberg. Thanks for listening to the Bloomberg PNL podcast. You can subscribe. And listen to interviews that apple podcasts. Soundcloud, or whatever podcast platform, you prefer. I'm Pimm FOX. I'm on Twitter at Pimm FOX. I'm on Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio..

Bloomberg Pimm FOX Twitter Randolph colleges randolph Lisa Abramowicz editor Joe apple John Levada four five percent two one percent four percent ten years
"pimm" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 3 years ago

"pimm" Discussed on Bloomberg Radio New York

"Was treasury bills ward McCarthy there are four new voting members on the FOMC got James Bullard in Saint Louis Hester, George from Kansas City, Charles Evans, Chicago, and Eric Rosengren Boston you believe that they are going to vote for a pause in interest rate increases. Well, they take it meeting to meeting. So they're not going to at any one meeting say, oh, we're not going to raise rates for the next three or four meetings. But what they will be doing. And they've told us it going to do is to become increasingly data dependent as defense funds rate. It works further into their estimate of neutrality and the inflation numbers at least over the next two to three months going to be substantially weaker than we've seen for most of twenty eighteen and substantially weaker than I think they're going to want to see. So as a consequence I think they will simply defer from their next rate hike so long as inflation remains weak, which I expected to so long as the trade war continues Dr ward McCarthy, thank you so much for taking the time today. We really appreciate your insights, Dr ward McCarthy chief economist for Jefferies talking about both the jobs number that we got. Earlier as well as what the fed will do with them. Of course, we are about to hear from fed chairman Jerome Powell who is being interviewed with predecessor Janet Yellen along with Ben Bernanke at the annual meeting of the American economic association, really interesting and a panel of luminaries there. It'll be interesting to see whether any of the former fed chair may give advice or weigh in on the economic situation, or whether they want to stay away from that as much as possible and stay at ten thousand thirty thousand view level in order to not seem like they're trying to influence current policy, Pimm. Yes. And let's see if we can bring that right up as the panelists are all introduced. So let's dive in first with you.

Dr ward McCarthy fed Eric Rosengren Charles Evans James Bullard FOMC Saint Louis Hester Chicago American economic association Kansas City Ben Bernanke chief economist Pimm Janet Yellen Jerome Powell Jefferies chairman George three months
"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

02:30 min | 3 years ago

"pimm" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"So we've gone up two dollars traded up to sort of one twelve thirteen down to one seven before. Then higher up toback one eight one oh nine before this came back down again, that's not a market that we're an appetite for retail investor tends to be that those type of swings tend to to to trip margin calls way, sooner than they would in the institutional market or pension funds or or the like so retail investor while they l'idee. Level Tillotson sort of one direction momentum since the can't really handle the up and down movement so much because they get taken out of positions very quickly. So they would have had probably small positions. I would guess going into this. So the suggestions that they would be the cause is probably not correct. And it has to do with the fact that the yen at one point broke one. Oh five. Yeah. Right. I mean one oh four eighty seven against the dollar that was in early Asian trading. Yeah. And you had a couple of standard deviation move. And again when the program see something like that. And it's a big stretched rate as they try to push it, if they can't push it any further, it just simply reverses, and when you say retail investors or anyone else it's really difficult for human beings to get involved in that kind of trade because by the time you're looking at selling near the lows, it's probably already bounce going the other way. So there are times when traders get caught long and even before they can cut the trade at a loss there back in profit because bounced so viciously that it's better. Van good sometimes. And that helps you if you're going to be called out on a Martin. Yeah. Absolutely. I mean, sometimes sometimes you can't even get out of the trade after you've reached your margin fast enough and either will continue or come back in your favor in this case if down at the Lowes, it would have come back and your favor, and again, I think the trading sideways movement today is suggestive of some other programs of being court short at bad levels who momentum who tried to push it in and weren't success, but the yen currently trading at one zero seven eighty against the US dollar. Thanks very much. Vincent cigarroa. He is our global macro strategist for a Bloomberg news. Thanks for listening to the Bloomberg PNL podcast. You can subscribe. And listen to interviews that apple podcasts. Soundcloud, or whatever podcast platform, you prefer. I'm Pimm FOX. I'm on Twitter at Pimm FOX. I'm on Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio..

Bloomberg Pimm FOX Twitter Vincent cigarroa US Van good Lisa Abramowicz apple two dollars
Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal

Bloomberg Surveillance

01:22 min | 3 years ago

Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal

"Dismissed or quit depending on whose version of events. You follow? Officially Tom dependent gone will continue to do what it always does. It will stand on a wall on defend this country to the Admiral Stavridis, some what if you could just sort of use your navel and strategic background in the context of China and a book that you have recommended called on desperate ground, and what we should take away from reading this book by Hampton sides about China and understanding them, not only from a military and trade perspective. But from a political and cultural perspective. Yeah, terrific question. The book is about the Korean war, and it's a cautionary tale for modern times. Right. In other words, we know what? War on the Korean peninsula, would look like hundreds of thousands if not millions dead that was before there were nuclear weapons involved. So a we ought to take the cautionary message and be we ought to. Remember when China's back was pushed to the wall by MacArthur with US troops surging north. They responded they responded hard. They pushed us all the way back down that peninsula. We should not underestimate China's will in a military conflict. So I wouldn't say we're quite on desperate ground yet between the US and China, but skirmishes lead to wars we need to be very cautious and careful in how we deal with China. So what is the scuttle butt among your colleagues and other officials in an outside of the military about the future of the United States role in the Pacific. We need to remain engaged to walk away from the Pacific takes away from the economic engine of the earth on the other hand, we have got to find a modus Vivendi with China, and I'm particularly concerned this week with the exchange of messages, if you will between president gee of China and president sigh of Taiwan in their New Year's messages. They went back and forth about unification that could be a real flash point in twenty nineteen. That's been relatively quiet over the last decade. I, of course, identified you Fletcher school. And of course, you exited tufts and Fletcher school here after five years herding cats known as a faculty, and I would love to know within the vogue of international relations. What was your biggest surprise for students within the international relations after five years? It's Fletcher it is so in now to do international relations. What's your message to students undergraduates graduates, and their parents who want to pursue are? Number one by far is that international relations gives you an opportunity to serve to serve your country eventually in the military, but in the diplomatic core at the Central Intelligence Agency. In international business is a form of service engaging globally provide service to the world, and I'll close by saying our students focused in particular, Tom on his shoes of equality, globally and the environment, and it's very idealistic space for students to be in. And I think is a very powerful one in today's world. Thank you so much greatly. Appreciate it writing for Bloomberg opinion as well. Former NATO supreme allied commander as well. I thought his insight there on Taiwan is fallen beneath radar. That's over though. It's on a lot of people's radio. But within the markets that we folk. Focus on that was really suggested a geography lesson to get out and just start plotting the actual distance between China Taiwan and South Korea and North Korea and Japan. It looks a lot smaller than the Gulf of Mexico, and I talk about book here. Please my book of the summer, folks. Robert Kaplan, Robert d Kaplan, the return Markle's polo world, and if you're really motivated, his previous book Asian cauldron is about the geography, Mr Fox just talks about how can we think about these issues? If maybe we know the map, but even better if we actually understand the distances between these different countries and putting you're so right about that difference between Formosa from another time and place in China as well futures a negative twenty four Dow futures negative to thirty eight the yen one oh, seven seventy four. Now, let's go to Mr Michael Barr and find out what's happening in the world. Mr var. Thank you, ma'am. Thank you, Tom. The new members of congress will be sworn in today. Democrats will take back control of the house while the Republican majority in the Senate grows by two in total. One hundred twenty seven women were served in the one hundred sixteenth congress being sworn in today. Do members include several I such as the first two Muslim women from Michigan and Minnesota they'll take the oath of office on a Koran that belonged to Thomas Jefferson. We'll also see the first native American women and the first African American women from several states US ambassador met with Paul. We learn the American arrested in Russia accused of espionage wheelin, a former US marine is being held in one of Russia's most notorious prisons global news twenty four hours a day on air and then tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg com. Kabar? Thank you so much again futures negative twenty four Dow futures negative to forty three lifted yields off yesterday to sixty four in the ten year thirty year bonds still under three percent two nine six percent. This is Bloomberg. Imagine the markets in focus every business day, P and L podcast with Pimm FOX and Lisa Abramowicz stock has not reacting happily. What's behind this engine of gains today analysis of the day's Wall Street action from Bloomberg intelligence, Bloomberg opinion, and influential news banker spill roads is the author of banker to the world wars McCarthy joins us right now with Pimm FOX and Lisa Abramowicz. Listen today on Bloomberg com. The Bloomberg business Atmore subscribe on apple podcasts. So we're kids play. Many provide the water we drink, but

China Bloomberg United States TOM Pimm Fox Mr Michael Barr Taiwan Fletcher School China Taiwan Admiral Stavridis Pacific Central Intelligence Agency Fletcher Congress Mexico Vivendi President Trump
"pimm" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:41 min | 3 years ago

"pimm" Discussed on Bloomberg Radio New York

"Today's Wall Street from Bloomberg intelligence, Bloomberg influential news, Bakersville roads is the author of banker to the world wars McCarthy joins us right now do with Pimm FOX and Lisa Abramowicz. Listen today. Bloomberg com style. Podcast. Gyrations in the currency market, sending investors scurrying for answers. The yen jumped while the dollar plummeted in what strategists and traders said wasn't apparent flash crash triggered by algorithms platform pricing for more. We're joined by FX rates reported risconsin risky scenes. We've just had that conversation with my last Gasunie said, look, I'm not surprised that you see show much convergent pressure on Ozzie and. Yeah. And because of the time zone. What's driving the moods where where's the polling moving to? Look a lot of it comes back down to liquidity hitting the phones this morning this afternoon tokens and traders and fund manages everyone says if you are in the market at this time of the brace full volatility. Yes. The moves have been quite fantastic this morning. A particularly at nine fifty AM is Sydney time. We saw traders saying that there were orders to sell the Estrela. Angela. And the Turkish lira in particular against the yen. And that really was the star of the wild swings. Algorithms then kicked in and what hasn't helped obviously is apple and lower revenue outlook. And you know, what you can point the thing is many ways, but all of these factors have converged together to what we have today, which is while market gyrations..

Bloomberg Pimm FOX Bakersville Estrela Lisa Abramowicz McCarthy Ozzie apple Angela Gasunie Sydney
U.S. budget deficit widens to $100 billion in October

P&L With Pimm Fox and Lisa Abramowicz

02:07 min | 3 years ago

U.S. budget deficit widens to $100 billion in October

"The topic now is deficits budget deficits when it comes to the federal government here to tell us more as I rejoice he is chief US interest rates strategist for Bloomberg intelligence IRA you have dubbed this deficit day, emberg heaven shoe. Yeah. So so both myself and our colleagues at Bloomberg economics focused on the deficit today. And some reports we put out, and and you know, we took two different angles. So my colleague and Bloomberg economics stink that maybe the government's own estimate of what the is going to be could be as wrong as one hundred and sixty billion dollars in the twenty twenty fiscal year. And I think that you know, that's meaningful. Obviously for what I do. Because that means that the treasury department might have to issue, you know, an an extra fifteen billion dollars a month of debt that maybe we, you know, some people don't have in their forecasts right now. Okay. If they don't have it in their forecast to they have the money in their piggy Bank in order to buy all that. Yeah. Well, that's one of the questions is at what point do people book and say, you know, deficits are too big. So normally, it's a, you know, when you have growing deficits as long as the deficit is growing somewhere around the the the level of nominal GDP growth. It's not really that much of an issue because you that means that the, you know, the entire economies growing you can fund the deficits because you have higher income. You have part of that income is going to be saved and and corporations even need, you know, to fund pensions and other things like that. So there's there's money coming in. But the the thing is is at at this point at least for the next several years. You're not like to see that you're like the deficits growing faster than the level of nominal GDP growth. And that's where you can get challenged. And that's why you need foreign investors, for example, to at least make up a little bit of the shortfall from domestic investors in and you haven't seen that the last five years foreign investors have. I've not been not been buying US debt on a net basis. So that there's some very large holders, but they haven't been buying more debt than than they had say in two thousand eight nine

Bloomberg Bloomberg Economics Federal Government United States Piggy Bank Treasury Department Fifteen Billion Dollars Sixty Billion Dollars Five Years
Trump seeks to base Medicare drug prices on lower overseas rates

P&L With Pimm Fox and Lisa Abramowicz

07:51 min | 3 years ago

Trump seeks to base Medicare drug prices on lower overseas rates

"Just half the country and just part B medicines for the national price index. But since those prices are so much lower. If you actually follow through with this index prices in the United States will come down for for seniors. And you know, it's sort of a curious way to go about it in that we're sort of importing the sort of price controls and restrictions that we, you know, the the the administration has said it previously doesn't like just kind of doing a backward way, a backdoor way of of importing them. So so it's interesting way to go about it. But it should actually bring down price mostly because you know, theoretically drugmakers could raise the prices elsewhere, that's sort of the angle that the administration is going with to sort of explain ideologically, what seems like a sort of in congress move from them. Basically, they're saying, you know, we're they're freeloading off of us were paying for the innovation and they're benefiting from us. But it's it's not so easy. As to go to the UK and say. Hey, we're raising the price the UK can just say, we'll know they've proven themselves willing to do that. So. Yeah, that's why I do think the price will actually come down here. If this goes because I had all right? Well, let's just office. I'll offer some examples and get your thoughts on this the price of a vast in which is a cancer drug in the United States. You're going to end up paying about four thousand dollars for vast in Switzerland, you pay unto two grand in Spain. You're paying about fifteen hundred and you mentioned the United Kingdom you paying about five hundred dollars for the same drug Harv Oni, which is the hep C drug. You're paying like thirty five thousand dollars in the United States. And in Switzerland. You're paying sixteen seventeen thousand weight of those numbers come from who sets that price. It's the drug maker. And it's all within the context of a different system. Like, you know that that her Volney? After discounts in the commercial arket is probably a little bit lower. But is actually a really good example here it is a biologic I administered in doctor's offices so apart beat drought. And when it's used for cancer patients, so one that has a lot of Medicare reimbursement. And in this case, it a part of it is just that these healthcare systems are willing to play hardball, negotiate. They negotiate on behalf of the entire country, in many cases, as opposed to kind of the piecemeal way, we do that. And also the other thing is that there's more robust bio-similar competition in other countries they've been quicker about. Getting competition to the market for these expensive drugs. So we're hoping to sort of both import that aggressive negotiation and the more aggressive competition for biologics these markets. I want to go to something that you hinted at which you said that if this gets implemented, and it's a very big f and we could talk about it till let's talk about it. Why is it such a sort of longshot? It sounds like you. So one thing that this is reminiscent of two people that have been following drug prices for a long time is a similar CMS demonstration by the Obama administration that also tried to move physician reimbursement to a flat fee and implement a variety of reference pricing though, though, a different one in many ways, it was actually a milder proposal, but it was absolutely ripped to shreds, by the far mind physician lobby and Republican lawmakers. This is really interesting. In other words, they're taking a page from the Obama administration in crafting this proposal. Republican congressmen were not in favor of this. Now, President Trump is proposing it wouldn't it potentially have a greater chance of getting through because there is more likely to be Republicans support for it, given President Trump's leadership or do you think that that's still it's not enough to sort of get this pushed through it's it's pretty unclear in. It'll it'll take some time for that to play out. But so far I'm thinking of a statement that that Orrin Hatch made the Senator from Utah. It was to to call it tepid would be would be exaggerating a little bit, you know. So it's just sort of an awkward and a little bit out of character proposal for Republicans to support and time will tell whether the Trump effect, you know, the kind of move towards the populist will lead them to support something that they they vehemently oppose. Another version of in the past max, the United States has no government panel that negotiates drug prices. Correct. That's correct. It's all left, for example in Medicare Part d two private plans, and it part B part. It's just kind of left up to the drugmaker supposedly, there's not much negotiation. At all does that make any sense. You know? Government is footing the Bill, it's basically, you know, leading one of the world's largest purchasers of healthcare services, and tossing one of the biggest benefits of that. Which is a huge amount of negotiating power tossing it by the wayside. And instead of using that going by this very complicated back door in poor taste of other people's negotiating power for part of the market. So get that would one would think that the Lor of impactful proposal would be to just use that negotiating power. But that appears to still be off the table. Thanks very much for being with us. Max Niessen is always an expert when it comes to all things healthcare, Bloomberg opinion columns covering the healthcare industry. You're listening to Bloomberg markets. Let's just say that the s&p five hundred has fallen ten percent from its all time high. Also CNN is reporting that authorities have arrested a man in Florida in the explosives package case. We'll keep you posted. This is

United States Obama Administration Switzerland Bloomberg President Trump UK Congress United Kingdom Max Niessen Orrin Hatch CNN Harv Oni Spain Cancer Medicare Utah Senator Florida
US, Chief Lending Officer and Bloomberg discussed on Bloomberg Markets

Bloomberg Markets

00:17 sec | 3 years ago

US, Chief Lending Officer and Bloomberg discussed on Bloomberg Markets

"Thirty twenty pot. Stocks continue to move higher after Aurora cannabis reaches a deal to acquire South America focused. I make that ICC labs Inc. That's a Bloomberg business flash. I'm Greg Jarrett. You're

United States Chief Lending Officer Bloomberg Td Bank Lisa Abramowicz Russia CVS Cannabis Greg Jarrett Icc Labs Inc Federal Reserve Pimm Fox Michel Barnier Carolinas South America Twitter President Trump Les Moonves Cashflows DR
Tesla's Musk smokes marijuana on comedy podcast

Bloomberg Markets

00:30 sec | 3 years ago

Tesla's Musk smokes marijuana on comedy podcast

"Bloomberg markets with Pimm FOX and Lisa Abramowicz on Bloomberg radio. Elon Musk is having a bad morning. This comes after video marches of heaven taking a puff of a marijuana laced cigar on a comedy podcast that he was on. That's not all though also to senior executives both stepping down including the head of HR as well. As the chief accounting officer, not

Tesla Chief Accounting Officer Elon Musk Bloomberg Marijuana Gordon Johnson Gordon Chief Executive Officer CEO Gordon Johnston Managing Director Analyst Pimm Fox New York ELI Jaguar Lisa Abramowicz John Tron