6 Burst results for "President Amanuma"

"president amanuma" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:29 min | 4 months ago

"president amanuma" Discussed on Bloomberg Radio New York

"Past the hour. Let's get you caught up on market action first in Tokyo, where the Nikkei has hired by more than 8/10 of 1%. Little bit of strength in the end, not by much here, one of 5 51 information tech coming back from yesterday's weakness. We also see some of the industrial shares pushing higher real estate stocks and consumer Discretionary names moving to the upside as well. In Seoul. The cost be up 3/10 of 1% meantime, in Sydney. The ASX 200 is up about 8/10 of 1%. Stateside. We had a rally in the equity market that sent the S and P 500 the NASDAQ comp in the Russell 2000 to record highs some evidence today of a gradual improvement in the American economy, talking about weekly jobless claims dropping to their lowest level since the end of November. Tomorrow, we're going to get the January employment report. Also today, news on US factory orders Rising 1.1% in December That was ahead of estimates so we're looking at a 10 year treasury yielding 1.13%. Had a lot of dollars strength in the New York session. Dollar is pushing down a little bit not by much. Let's call it 1/10 of 1%. I mentioned the end relatively stable offshore Chinese one Stable is well, it's six spot 47 17 against the dollar. Top financial regulators in the U. S. Met to discuss the recent market volatility related to that retail trading frenzy involving Shares like Gamestop Well, regulators have concluded the core infrastructure was resilient. Also broad agreement almost universal agreement on the importance of the S E. C. Securities and Exchange Commission. Releasing a timely study of those events will be tracking that story for days. I'm sure all right, let's get some global news Ed Baxter covering it from the Bloomberg 9 60 newsroom in San Francisco head. All right, Thank you. Douglas. Hong Kong has released new guidelines for how students should act under the new security law when back in school. U S House has voted removed Marjorie Taylor Greene from her committee assignments. Democratic leader standing Hauliers says she is dangerous. U S President Joe Biden says America's back and ready to assume moral leadership in the world, saying China has to be challenged. The U. S will not roll over to Russia, a network of hundreds of Twitter, Facebook and YouTube fake accounts devoted to spreading. Pro China propaganda or using videos of the January 6 siege to spread messages denigrating democracy. French President Amanuma Kron has called on China to be more transparent with the science behind its Corona virus vaccines. Donald Trump's attorneys say he will not voluntarily testify under oath at his impeachment trial, and the New York City has seen a spike in covert hospitalizations post Storm. At the same time, The mayor says he has canceled all vaccine appointments that had to be passed and have now been rescheduled. Also, the state health board his has denied a request from Mayor Bill de Blasio. That the second doses be spread out and give people first. They say Nope. Second doses need to be given. They are very important in fighting the pandemic in San Francisco. I'm Ed Baxter. This is Bloomberg. Jules. Thanks so much at Bloomberg. Daybreak Asia brought to you by New Jersey Institute of Technology and J T makes industry ready engineers in more than 20 fields. If it's engineering, it's a N J I T Or N. J. I don't eat you. I'm Juliet Sally in Singapore alongside Doug Prisoner in New York and joining us now is Chris Lu, former deputy secretary of Labor and senior fellow at the University of Virginia Miller Center with US on Daybreak Asia He's here for a preview of Friday's employment report in the U. S. Chris. I guess we had some signs that the labor market is showing some improvement. With those initial jobless claims. The figures are still well above pre pandemic levels. What do you seeing or what you forecasting in terms of the jobs report coming through on Friday and what it's showing about the economic recovery? Well, let's level set. We're never really going to have sustained economic growth and job growth until we get the pandemic under control. And when we consider when these numbers were calculated, which is second week, third week of January. We still had a good part of the United States. Shut down. We still had a pandemic that was killing upwards of 3 to 4000 people. So I think the consensus estimate maybe. Plus 50,000 or so compared to minus 140,000 December seems about right. It's it's gonna be flat or, you know, plus or minus, you know, maybe 100,000 so, but, you know, I think we're gonna be kind of bumping along it kind of Flat to no growth for the next couple of months until things really improve here in the United States, Yes, 3 to 4000 deaths a day. I mean, that's a staggering data point. And if you look on top of that, I mean the degree to which the pandemic has really kind of put to the labor market in distress. I mean, there's probably what 10 million jobs that have yet to be reinstated after Pandemic struck something in that order. Yeah, No, that's exactly right. Worked out about 10 million jobs. And even if you look back in December, the U. S economy lost about a half million jobs just from leisure and hospitality. And that's not surprising because while there was sort of a gradual reopening of restaurants In the summer early fall asleep pandemic continues to grow. States are now instituting capacity limits again. Obviously, the ability to dine outside is now limited now that it's cold outside, so you know Travel has not picked up at all. There were obviously more people flying over the Christmas holidays, but there were probably visiting relatives. They weren't going on vacation, So you're not gonna see those sectors really bump back. At all. And so again, as they said, I think we're going to be kind of, you know, trending in this narrow range for the next couple of months. How much extra economic relief do you feel is needed, even though we're looking at this huge stimulus plan, and that also includes increasing the minimum wage. Yeah, no, I look, I think as much as needed And I think, to the extent that there will be a bright spot in this report. Let's remember that President Trump the U. S. Congress agreed on a stimulus package in December that restarted Um, unemployment benefits that had laughed. So there's kind of Ah, money going into the economy in early January. That may help things a little bit. But you know that relief bill Lot of the stimulus in their ends in March, so we're going to need to come back to this again. It's money that's going to be needed for vaccine storage and transportation and distribution. That's money for reopening schools. And I served the Obama administration and the lesson we learned from the Obama administration is that unless you keep this relief going It means that the recovery takes longer and more people get hurt along the way. Yeah, the notion of it being very targeted, I think is key for many folks today. I don't know whether you saw this in the Washington Post, Neel Kashkari was writing. Obviously he's the Or maybe not so, but only state that he is the head of the Minneapolis Fed bank. One of the things that he was kind of stressing here, tying fiscal support for the recovery to the job market in the degree to which.

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"president amanuma" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:56 min | 7 months ago

"president amanuma" Discussed on Bloomberg Radio New York

"Let's get all the latest market action with Bloomberg Start Krystyna in New York. Doug Jules, we sold down here in the states in the last session. Technology, really? The leader to the downside, with chip stocks falling quite a bit. If you look at the Philadelphia Semiconductor Index, it was weaker by nearly 3% today. So at the end of trading in the U. S. We had the NASDAQ comp in the S and P 500 each down. From record highs right now, in the opening moments in Taiwan, we have the tie Ex weaker by about 7/10 of 1% in Singapore Straits times Down about 4/10 of 1% the dollar steady against the major's little bit of weakness, in the end, not much one of 4 25 and where the Nikkei is concerned. Decline of about 3/10 of 1% within the Nikkei. We're seeing weakness in information technology. That's not surprising, leading the way to the downside in Seoul, the Cosby off about 8/10 of 1% right now. And in a Sydney SX 200 down about 4/10 of 1%. A lot of concern that the movement toward a fresh stimulus package here in the states is kind of hit. Stall speed will take a closer look at that momentarily, and we'll talk more about antitrust authorities at the federal level, along with a coalition of states suing Facebook today, it shares Off about 4% wt I recovering a bit from some New York session weakness right now. Trading 45 80 Any Elektronik session and the 10 year Treasury yielding 92 basis points. Brian All right, Doug. Thanks very much. Facebook is facing the biggest action against tech giants in some two decades. U. S. Antitrust officials and a coalition of states have sued the company. If the Federal Trade Commission proves that Facebook violated antitrust laws a judge could over the break up of the company. Bloomberg's Kurt Wagner explains how big of a deal this could be. This is threatening to take away two of the real pillars of what Facebook has become and God being, of course, Instagram and WhatsApp, which, while it does not yet generate much revenue, hardly any revenue Facebook sees this is a really important part of its future. Facebook shares finished down about 2% somewhat of Ah small recovery after earlier being off more than 4% on the news Well, House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin have expressed optimism that a covered 19 relief deal is in reach. Evolution, has told reporters that stimulus talks with both parties a quite constructive and he's quite cautiously hopeful We can get something over the finish line. Lindbergh's Stephen dinner, says Republicans and Democrats deadlocked over a couple of key issues. They're still parking, especially about how tow finance this legal liability question, which is a must have for the Republicans alongside the state local aid issue, which is something that the Democrats really want. Elia both sides to live in a more detailed summary of their proposal for covert 19 relief, largely following the outline of an initial $908 billion proposal, But there is still no agreement with the proposal, also competing with the plan from illusion It leaves out supplementary jobless benefits. Pelosi and Senate Minority Leader Chuck Schumer have called it unacceptable. Senate Majority Leader Mitch McConnell blasted their response, saying it's a sign they don't want to compromise. Right The time. Here is 3.5 minutes past the hour. Let's get a news update. Now UK Prime Minister Boris Johnson and EU Commission President Russell of Underland are giving Brexit negotiations a bit more time. And Baxter has the story from the Bloomberg 9 60 newsroom ed. Yes, Sunday At least Brian looks like Sunday after their dinner bloomer examine, Chandra says. Both sides said there's still wide gaps. But that things were very positive. Now we've also heard from both sides of the discussion was robust that it was lively some of our colleagues and Bloomberg News also reporting from some officials on the European Union side, saying that they think they could Get to a deal, but that's not in the official text or read out from that dinner this evening. Yeah, Emma says Sunday's deadline is to decide whether there's enough progress to continue to talk or just to prepare for a hard Brexit. French President Amanuma Kron has had a phone conversation with China's President Xi Jinping's. They both say that developing a better relationship is important to the globe With FDA emergency use operation and the U. S the authorization I should say for the U. S. Fizer vaccine expected tomorrow. The head of Operation Warp Speed, Lieutenant General Paul Ostrowski says trucks are ready to roll from Fizer. Kalamazoo Trucks will roll right out of there to the nearest airports will begin distributing the vaccines across the entire country to locations that the jurisdictions have requested. Now they say, 2.9 million doses will go out. They will hold half until second shot can be administered and then move on. So that is the good news Now they're not so good is it appears the Trump administration has been caught a bit short. And HHS Secretary Alex Cesar says it's now expanding acquisition efforts and talks with Visor and Moderna to pressure them to get vaccines to the U. S Interest. A brand new Bloomberg analysis shows the U. S ranks behind 31 other countries in a pre purchase doses per person. They've gone through the contracts and Bloomberg's Drew Armstrong says It is a different ball game now because everybody is seeking those contracts at the same time, 100 million doses that are going to be that they've agreed upon buying and a possibility of adding on 500 more. The 500 million marks. The problem is that us after then go and negotiate. Individually. Those ad on purchases that it wants to do. It's not necessarily at the from the line in front of other people on DIT doesn't necessarily have the terms of delivery set on those, whereas there other contracts where it does have more preferential treatment that it may be able to rely upon. But then you have other issues. Potentially in New York. The first allocation is for Nursing home residents, nursing home staff and high risk health care workers Governor Andrew Cuomo saying If approved tomorrow, the first shipments could arrive this weekend. Meanwhile, the CDC says December cases so far are smashing records and not in a good way. It predicts the U. S. Will surpass 300,000 deaths. By Christmas. President elect Joe Biden's son, Hunter says U S Attorney's office in Delaware is now investigating his tax affairs. He says he looks forward to clear hearing Space X Starship mission being called a success, the odds of a soft landing. We're not thought to be good going in and a 6.5 minute mission is what it turned out to be. Then it will. It ended up in a fiery crash as it came in just too hot..

Facebook Bloomberg New York Doug Jules Nancy Pelosi Brian All Philadelphia Semiconductor Ind Taiwan Bloomberg News Federal Trade Commission Nikkei Seoul Singapore Straits Senate President Xi Jinping
"president amanuma" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:41 min | 7 months ago

"president amanuma" Discussed on Bloomberg Radio New York

"Today, we had the equity market dropping from all time highs, The movement toward the fresh stimulus seemed to hit stall speed of it. Senator McConnell, saying that Democrats poured cold water on his latest offer, although a short while ago we heard from Treasury Secretary mean Yushin, saying talks between the GOP and Democrats are quite constructive. At the end of the day. Tech was the big loser kind of weighing heavily on markets, particularly the chips. Semiconductor stocks fell with the Philadelphia Semiconductor Index down nearly 3% today. That's that compa dropping nearly 2%. That's all from a record high s and P down from a record as well with the loss of about 8/10 of 1%. Dow, weaker today by nearly 4/10 of 1%. Federal antitrust officials, along with a coalition of states are suing Facebook. Details on this will be forthcoming. Allegedly, it's over the abuse of Facebook's dominance and moves by the company to crush competition stock was off about 2% in the regular session. On the other hand, we had door dash, rallying more than 85% on its first day of trading this company food delivery yet to make a profit. Airbnb is now leaning toward pricing a typo. We're told between 67. $68 a share. That's according to Dow Jones, and we have a 10 year Treasury last quoted in New York 93 basis points, so we were up just a bit today and yield. Let's get to San Francisco for a news update. Now Ted Baxter in the Bloomberg 9 16 years from it. All right. Thank you. Douglas, UK Prime Minister Boris Johnson, EU Commission President Ursula von DeLay and are giving Brexit negotiations. More time. They say that there are still gaps real big gaps if they're going to get anything done, French President Amanuma Kron has had a phone conversation with China's President Xi Jin paying they both say the developing a better relationship is important of the globe. The House and the U. S. Has approved a stop gap funding bill to avoid the weekend shut down. Also reporting here and breaking developing news today that President like Joe Biden will pick Katherine Taya's U. S trade representative. With FDA emergency use our authorization for the Fizer vaccine expected tomorrow. The head of Operation Warp speed, Lieutenant General Paul Ostrowski says trucks will rule. Now they say 2.9 million doses will go out. They will hold half until the second shot could be administered and then move on a brand new Bloomberg analysis shows the U. S ranks behind. 31 other countries in pre purchase doses per person. We're going to go into that in more depth in about 10 minutes here in Bloomberg in a live interview in San Francisco, I'm Ed Baxter. This is Bloomberg are Brian. Thank you, Catherine Tie That's an interesting pick by Joe Biden. She has been the lead advisor, the chairman, the House Ways and Means Committee, and obviously, given the nature of the work we do here, she's going to be very much in the discussions. Going forward. All right, 20 minutes past the hour. Let's say good morning to Nadine Turman, chief investment officer of Soul Steen Capital. So it's something of a sell off today in technology in particular, and I suppose too many investors, Nadine, they would they would like to see that as long as it's not tied to Anything a major development a major change and and I'm not sure that Facebook fits that. But obviously there's a big discussion on Facebook. Whether not, that means much to the market. If WhatsApp or or instagram is separate or together, The way is this the type of cell off that you think is one off or maybe could be more sustained. Like we saw back in September. 10%. I think we have to watch what happens with the stimulus to think that people were hopeful yesterday. And then today less hopeful and obviously check ticket on the chin. But the same time I think if you saw Austin must feel tomorrow, you'd see it rally back up. What we're looking at is really the acceleration of growth of GDP across the board. And so we look at this is, you know, tippy toe in the water and start buying. Well, exactly By what if that's a question? I mean, the thing is that that perhaps has moved out of tech has bean essentially something which is all about this rotation, wouldn't you say towards value and perhaps small caps, and, you know, the thing is about small caps is and you've seen with Russell 2000, then is that it tends to be late cycle. Would you say that? That is where we are All just get this really got a lot more to go. The rally definitely has a lot more to go, but you really have separated it. The lot of the small caps the services things were beaten up rally because of the vaccine, hopeful that there'd be a stimulus package and now that there's some types of concerns of a delay of that or what what's going to be actually in the stimulus package? I think people took the money off the table. But the fact of the matter is they're gonna do something. Do something at some point. And what we're really seeing is an acceleration of GDP across the board. I'll be it from low based levels, but that tends to have a chill wind for equities across the board. And so you're right about asking. Where do you put the money that broadly speaking is supportive of equity market. Do both stimulus and also the vaccine progression. Do they both support cyclical on value even more than growth? You know, it's a little bit different. You have to take value and really separated in the pieces because people like to look at it, But what we're not talking about is over leveraged businesses right now. What we really want to say, you know, is it small Mid cap is its services is it's cyclical in terms of the type of businesses that aren't gonna bounce that are gonna bounce bag because if you're looking at rocks draws until restaurant you're actually operative. It's gonna be a while, So you have to parse out each of these different items and say, Well, which one of those Should benefit sooner. That's where I want to invest, and you can do it across the sectors. But you can't just kind of broad brush and say growth versus value technique context You have to gonna dig in a little bit deeper. I mean, that's why you brought him up Investor ultimate in the Dean. Tell me the thing here is that we have these equity markets going great guns. But how does that How does that justified looking at the macro economic environment. Number one is there's a lot of cash on the sidelines to Deccan Come in Number two is that what you tend to see is a capital conflict from different places you've seen in the last month. Capitals flowing out of gold. It's clean into big point. So what you really have to watch is where the flows of capital where they coming from where they going to Obviously you want to be ahead of time into the places like energy. Bitcoin could be Canada stocks. Some of the stacks out there where the capital is going to not away from..

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"president amanuma" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:14 min | 7 months ago

"president amanuma" Discussed on Bloomberg Radio New York

"It is a 30 A M and Hong Kong and here in Singapore. I'm Juliet Solly and I Brian Curtis. Trading is underway in some key markets this morning. The gains have been paired in Tokyo, The Nikkei just turned slightly negative. It had been higher this morning. The ASX 200 is higher by about two thirds. Of 1%. We see trading up in some of the other cash markets as well. And we've got the dollar that has stabilized here after dropping earlier. We get to markets in just a moment. But for now, the top stories And China's export growth likely is due in November. Bloomberg's Rashad Salaam, it has a preview of the daughter. The weakness is mostly due to a high base of comparison from a year ago at that slightly weaker external demand, the big economists expecting exports to record a gain of 11.1% year on year. That's down from an 11.4% increase in October, also seeing imports, perhaps getting 4.2% compared with a 4.7% rise in October. Even with the soft depicted, China's exports probably had Second fastest pace of growth since November. 2018 in Hong Kong. I'm Rashard Salama Bloomberg Daybreak. Asia well, a deadline for the sale of Tic Tac's U. S. Assets this Friday could come and go without a deal. While the deadline has been extended multiple times, a new one is not expected, according to people familiar, the U S Treasury Department told TIC TAC and it's Chinese parent Bite dance, They won't face a fine or punishment for missing the deadline. Administration is eager to get this completed, though, before President Joe Biden takes office administration has argued that Americans private data gathered through this APP could be handed over to the Chinese government. And that is something that Tic Tac denies. Australia says China may impose trade restrictions on Australian wheat exports They're expecting week to be the next target is tensions between the two countries rise While China hasn't been a key market for Australian wheat, accounting for only 10% share last year, China's high domestic grain prices could drive its imports to the highest in 25 years. This, according to the Australian government's forecast. Well, we had another week of a Pero stories for stocks. That's for sure. Wall Street will have plenty of earnings news to digest now and with look at the week ahead. Here's Bloomberg's Charlie Pellet, the S and P 500 index begins that you trading week at a record raising questions about valuations. Bob Doll is chief equity strategist that Nuveen Asset Management. Nobody's talked about it for a while, but valuations aren't particularly cheap. You know, Stocks air you know up there and in the twenties, and that matters, at least over the long term evaluation matters so earnings you know we're going to get into confession season before long. Third quarter earnings were a lot better than expected. Hopefully, fourth quarter will be as well. Among the company's scheduled to report this week are Adobe AutoZone, Costco told brothers Shui Broadcom, Lulu Lemon. Endgame stop in New York, Charlie Pellet, Bloomberg Daybreak Asia A slightly stronger, You know, one of full spot one to Brian was mentioning the Nikkei paring gains, although it's just flipped back into positive territory up by about 1/10 of 1% at the moment, but certainly underperforming what we're seeing in other Asian markets in early trade, the Cosby still holding at these records up 4/10 of 1%, even a South Korea imposes strict social distancing measures. New Zealand market is holding the records up by a third of 1% at Australia's market is the front runner today up 7/10 of 1% in Sydney at 6680 points. We just had a and said job advertisements for the month of November and they rose by 13.9% so pick up there after the 9.4% rise that we had seen in the month off October. Also watching that all the 10 year yield rise six basis points to 1.48%, the highest since June and the key We're 10 year yield rising six basis points as well. 2.96% this after the audience is buying operation source of very aggressive offers, Thea Vian said, confirming on Friday that QA operations for 2020 will pause. Watching sterling as well declining just a little at a dollar 34 13 as he breaks it. Deadlines draw closer on watching the oil market, which we were in focus last week on the epic plus deal at the 11th hour wt I crude is down 4/10 of 1% of $46.6 a barrel gold in the spot market. Brian $1837 an ounce All right. 34 a half minutes here past ER. Let's get a news update. Brexit negotiations back on as the size of trying to get to their trade deal before tomorrow night at Baxter has global news from the 9 60 newsroom head. Yeah, Brian. Exactly. There is what they call a landing on the issue of UK fishing waters, which has been one of the major issues, so that is progress. They work on closing that. And what is called the level playing field so that any deal does not favor UK business over EU BUSINESS POST Brexit So this 48 hours that you mentioned Brian is this deadline realism. Bloomberg's Edward Evans T date, but will not change is December 31st. And that's when Britain please speak. Ew. Get a deal implemented in time for that both the union opinion of British parliaments and he took time to ratify that now, that is, was initially thought that they would need to start from that process in mid October. That's the process that has got squeezed and squeezed and squeezed. Now there are reasons to think that this is a Of all the deadline of increasing the real one in the next 48 hours. European ministers will start to plan for a big summit in Brussels this week, and they want to get Brexit off the agenda before that starts. Yeah. So progress with no deal yet. Critical time and a Z was speaking of the headline has gone up on the Bloomberg terminal, saying that German Chancellor Angela Merkel and French President Amanuma con are to soften their level playing field demands time. So there maybe even some progress in that as we move along. U. S President Donald Trump has tweeted the Rudy Giuliani is tested positive for covert. 19 does say that the fight against election results will continue. And that obviously was his theme at a rally in Georgia over the weekend. You know, we won, judge just say, understand.

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"president amanuma" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:10 min | 7 months ago

"president amanuma" Discussed on Bloomberg Radio New York

"User many all right Thank you, Douglas. So Hong Kong chief executive Carrie Lam is due to take some are make a dress today Billboard into address integrating economy with the main line. The Greater Bay Area region, their covert 19 descent stimulus payments. US EPA chief and her Wheeler is canceling a planned trip to Taiwan next month that threatened to stoke anger from Beijing. President elect Joe Biden has introduced a security team stressing globalism, multi nationalism, diversity, fax experience fresh thinking, he says, and climate Pennsylvania and Nevada, meanwhile, joined the list of states officially certifying the Biden win in their states. Nearly a quarter of New Yorkers now say they are on likely to take the vaccine. On then, Uh oh, about a third each say first that they would and then probably would take it. So that's over Two thirds. Foreign ministers of China and Japan have agreed to live some virus related travel restrictions. By the end of the month. Hong Kong will shutter bars, nightclubs, bath houses from tomorrow on Cove. It concerns Francis President Amanuma KRON announcing gradual lockdown easing from November 28. The UK is talking about relax ation of covert 19 restrictions over Christmas. To allow up to three households to meet indoors this between December 22nd and 28th in San Francisco. I'm Ed Baxter, This is Bloomberg, right, Pol All right. Thanks very much it let's get over now to Andrea Pat Book. She is my colleague here in Sydney and also Bloomberg Global Markets editor to talk about what was seeing on the markets today and Andre are a lot of positive catalysts behind this. Really, We have the news on the vaccine. President Trump appearing to accept reality in terms of the election. What else is driving this? Papal list. That's right. Well, the good times are back. Certainly, as far as the market are concerned, you know, Of course, the market here in Asia took their cue from what we saw on Wall Street last night with the Dow topping 30,000. And some of the markets here, in fact, have closed or have erased the losses this year. Here in Australia, for example, Look, it's I guess you could say the perfect storm. A zoo You mentioned you have that formal transition for Joe Biden start and that you know, that removes the threat of a contested transfer of power in the U. S, which weighed on the market. You've also had Janet Yellen's appointment as Treasury secretary, which was very well received by the markets. You know, she saw the so the markets out of the global financial crisis. She's seen as a stable hand. She's also backed great fiscal stimulus, which, of course, is very important for a zoo. The economy's navigate out off the pandemic. And, of course, we've had a third vaccine candidate, and that fueled hopes off an economic recovery off some return back to normality in 2021. We have the Reserve Bank of New Zealand governors, speaking today about its financial stability report, and he outlined a fairly rosy picture coming out the other side of the pandemic, but also pointed out that it's still rampant globally. There's there's a lot of challenges still out there out there. Look, that's that's absolutely right. I mean, we do have a surgeon cases, especially in U. S and Europe. And you know why the while the HVAC unusual faction developments have been very positive and well received by the markets, of course, is a road ahead towards how this vaccine will be distributed. And who will who will get them, you know, and they were also still have this thing. A cloud over passing off another fiscal stimulus package in the US whether that is going to happen and off course, we also have very stretched valuations following this rally from you know, from the trough we saw in March this year. A lot of it has been driven by returning basis. They have piled into ah lot of beaten down stocks and also have been very handsomely rewarded. But That has really stretched valuations, given that the outlook for company earnings and for the economy still remains largely unknown. In terms of stretched valuations. Here's one for you. 1000 No, sorry. $19,109 gets you a big coin right now. This is a precipitous run up. Does that suggest a precipitous decline as history suggests. Yes, Who knows with big point, But that's right. It top 19,000 for the first time since 2000 and 17 it also direct up a lot of other coins in its wake just shy of an all time record again, driven by retail investors, You know rates Hello. People are looking for returns. They're looking for diversification. Um, you know, the Bitcoin has been endorsed by some celebrities. You have seen a lot off these investors piled into it driving this rally. I mean, can it last Who knows? There's a lot of market veterans. They still remain concerned about these boom. You know, Krypto, the crypto world is notoriously opaque, a town like stocks and bonds, which are rooted in economic and business fundamentals. You know, the savviest investors still find it hard to read with me. Accepting Who knows with big coins Get that put on a T shirt and right. Thanks So much for joining us on Dr Pat Book Global Markets editor at the Bloomberg Bryant. All right, Paul. Thanks very much. It's 8 54 on Wall Street time to check in with Bloomberg opinion, and we're joined by opinion columnist Daniel Moss, who's been writing about Janet Yellen. Our own editorial, Dan says she would be an impeccable choice. Is only one thing when she was the Fed chief. She was clearly the boss here. She's just a member of Cabinet. Will the transition be easy for her? She is just a member of Cabinet. But you have to remember Treasury is one the Marquis Cabinet officers in terms of an apprenticeship. Or job training. What she's done. Is this close to you as you can get..

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"president amanuma" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:20 min | 8 months ago

"president amanuma" Discussed on WNYC 93.9 FM

"I have no doubt. About judge barrettes, judicial temperament. I have no doubt about her capability to do the job and to do it well. Murkowski's decision makes Senator Susan Collins of Maine, the on Ly Republican senator, expected to vote against Barrett. Susan Davis. NPR NEWS Washington 27th name Storm of the Atlantic season has formed off the coast of Cuba, the National Hurricane Center says. Tropical Storm Zeta, formed overnight for cancers expect the storm to skirt Cuba and Mexico's Yucatan Peninsula tomorrow before entering the Gulf of Mexico on Tuesday, bringing up to eight inches of rain to parts of the Caribbean as well. A southern Florida through Wednesday This is NPR news. France has recalled its ambassador to Turkey after Turkish president type Puerto want insulted his French counterpart by questioning the mental health of President Emmanuel Macron. Crawling is pledging to crack down on what he calls his llama separatism following the beheading of a civics teacher who had shown students caricatures of the Prophet Mohammed Europe is grappling with a rising number of Corona virus infections, hospitalizations and death rates. From Brussels, Teri Schultz reports that some countries air reimposing nude lock down measures as hospitals worn At intensive care units may soon be overwhelmed. The World Health Organization says the Corona virus pandemic is at a critical juncture and that some countries are on a dangerous track. The Czech Republic, Belgium and the Netherlands are suffering some of the world's worst rates at the moment in response to a request for international assistance from the Czech Republic, EU and NATO have sent ventilators and the prime minister says 28. Doctors from the U. S. National Guard are on their way in Poland. The president has tested positive and new restrictions include the partial closure of primary schools and restaurants. The Netherlands has sent patients to German hospitals as its own, are struggling to manage. French President Amanuma. Khan says he expects to have to live with the virus until at least next summer. For NPR News. I'm Teri Schultz in Brussels in Washington State. More details expected tomorrow on the effort to eradicate the first nest of so called murder. Hornets discovered in the U. S. A team of entomologists and protective gear used a vacuum yesterday to scoop up more properly known as Asian giant Hornets from a cavity of a tree..

president NPR News Teri Schultz Brussels Cuba Emmanuel Macron Czech Republic Hornets Senator Susan Collins President Amanuma Mexico Florida Storm Zeta Susan Davis World Health Organization National Hurricane Center the Netherlands senator Khan Caribbean