26 Burst results for "President Jair Bolsonaro"
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Batteries with limit electric aircraft to the shortest of short haul roots, eviation, a startup base near Seattle is developing a 9 seat electric aircraft with a 280 mile rain. Which a company called cape air is hoping to use. Perhaps as early as 2027 on its short haul routes, which include Boston to the cape, Boston down to Nantucket cape air says it's ready to buy up to 75 of the planes, but so far it is made only a single four minute test flight, Larry kofsky, Bloomberg radio, and I'm Susanna Palmer in the Bloomberg newsroom, with another two high altitude objects shot down over the U.S. and Canada this weekend, including one yesterday, the temporarily shut down Montana's airspace. Lawmakers are looking ahead at what needs to be done to deter these kinds of craft and to hold any countries accountable that send them into U.S. territory. Democratic Senate majority leader Chuck Schumer says even though this weekend's two objects have not been attributed to China, that country's relationship with the U.S. will ultimately suffer from this fallout. I think the Chinese were humiliated. I think the Chinese were caught lying, and I think it's a real, it's a real step back for them. Schumer spoke today to ABC's this week. Former president jair Bolsonaro said Saturday he intends to return to Brazil in the following weeks. The comment during an event at an evangelical church in Florida was the first time that Bolsonaro has made a statement in public about returning to his home country. The far right politician has been in the U.S. since arriving in Orlando on December 31st, the eve of the inauguration of his leftist rival Louis in asio Lula da Silva, as Brazil's current president. Tesla's new general counsel Brandon Earhart joins the company as it continues to build the hardcore litigation department announced by Elon Musk last year. More about that from Bloomberg's Charlie pellet. The Musk led electric automaker which recently recruited Earhart to be its legal chief has added more than a dozen in-house lawyers within the past half year. The hires include several litigators with experience of major law firms in a May tweet Musk said he was building a litigation team to quote initiate and execute lawsuits and report directly to him. Charlie pellet, Bloomberg radio. One of the nation's biggest business lobbies is taking aim at the Biden administration over its efforts to create an ethical framework around artificial intelligence. Bloomberg's Nathan Hager reports. The U.S. Chamber of Commerce has filed a series of public records requests with the federal agencies that help to create the AI Bill of rights. That's a policy framework that The White House put out last year on artificial intelligence in a statement, the executive vice president of the chambers technology engagement center says the AI Bill of rights was drafted without transparency, adequate stakeholder involvement or a deliberative process. In Washington, I'm Nathan Hager, Bloomberg radio. In California, PG&E is capturing methane from giant piles of cow manure at dairy farms in the state's central valley. Christine kosher, senior vice president for gas engineering, says other sources of renewable energy could soon be added to the system as well, including waste from industrial landfills. We're leveraging any opportunity we can find to bring additional renewable natural gas on to our system. And environmental activists are said to question how much methane emissions will actually be reduced. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I'm Suzanne Palmer. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg business week podcast, a conversation with RGP CEO Kate duchene on the impact recent layoffs have had on the broader labor market. We have a frothy environment. So we have certain clients that are experiencing layoffs and we have others that are growing. And still pursuing many of the transformation initiatives that they started coming out of COVID. So I think what clients really care most about is finding the right skill sets to match to their strategic initiatives right now and procuring that kind of talent in a variety of ways. It may not always be full-time hiring. You know, our business is about project based work. And so we're seeing an uptick even with some of those companies that have announced layoffs, they're starting to get their talent needs filled through project based work. Which is a strategy to keep core teams lean but still be able to move strategic initiatives forward. Yeah, I feel like we've heard that a lot over the last decade, right? Because for the companies that advantage, right, lets them be nimble and flexible, but it also kind of lowers their fixed costs. Is that fair? That's a perfectly fair way of looking at it. You know, it goes back to what Peter drucker always said is that the most innovative companies will keep their core staff lean and think about the skill sets they need for the time period in which they need them in order to move the fastest. And that's what we're seeing come back to life or
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"If you see me walking down the street and I start to cry Dion Warwick is among the music icons remembering legendary songwriter Burt Bacharach who passed away Wednesday at his LA home. The composer won 6 Grammy Awards at three Oscars and his four decade long career co writing with Hal David several classic heads like walk on by raindrops keep falling on my head and I'll never fall in love again. Covered by Elvis Costello among many other artists Warwick who had several hits with Bacharach said it was like losing a family member. Burt Bacharach was 94. I'm Scott Carr. And I'm Susanna Palmer in the Bloomberg newsroom, with another two high altitude objects shot down over the U.S. and Canada this weekend, including one yesterday, the temporarily shut down Montana's airspace. Lawmakers are looking ahead at what needs to be done to deter these kinds of craft and to hold any countries accountable that send them into U.S. territory. Democratic Senate majority leader Chuck Schumer says, even though this weekend's two objects have not been attributed to China, that country's relationship with the U.S. will ultimately suffer from this fallout. I think the Chinese were humiliated. I think the Chinese were caught lying, and I think it's a real, it's a real step back for them. Schumer spoke today to ABC's this week. Former president jair Bolsonaro said Saturday he intends to return to Brazil in the following weeks. The comment during an event at an evangelical church in Florida was the first time that Bolsonaro has made a statement in public about returning to his home country. The far right politician has been in the U.S. since arriving in Orlando on December 31st, the eve of the inauguration of his leftist rival Louis in asio Lula da Silva, as Brazil's current president. Tesla's new general counsel Brandon Earhart joins the company as it continues to build the hardcore litigation department announced by Elon Musk last year. More about that from Bloomberg's Charlie pellet. The Musk led electric automaker which recently recruited Earhart to be its legal chief has added more than a dozen in-house lawyers within the past half year. The hires include several litigators with experience of major law firms in a May tweet Musk said he was building a litigation team to quote initiate and execute lawsuits and report directly to him. Charlie pellet, Bloomberg radio. One of the nation's biggest business lobbies is taking aim at the Biden administration over its efforts to create an ethical framework around artificial intelligence, Bloomberg's Nathan Hager reports. The U.S. Chamber of Commerce has filed a series of public records requests with the federal agencies that help to create the AI Bill of rights that's a policy framework that The White House put out last year on artificial intelligence in a statement, the executive vice president of the chambers technology engagement center says the AI Bill of rights was drafted without transparency, adequate stakeholder involvement or a deliberative process. In Washington, I'm Nathan Hager, Bloomberg radio. In California, PG&E is capturing methane from giant piles of cow manure at dairy farms in the state's central valley. Christine kosher, senior vice president for gas engineering, says other sources of renewable energy could soon be added to the system as well, including waste from industrial landfills. We're leveraging any opportunity we can find to bring additional renewable natural gas onto our system. And environmental activists are said to question how much methane emissions will actually be reduced. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I'm Suzanne Palmer. This is Bloomberg. This is Bloomberg best. Bloomberg radio is everywhere. Always accurate and precise. Bloomberg really one of the places that's reporting facts. Your communication capabilities are wonderful for our business. I had Baxter. And I'm Denise Pellegrini. On this weekend edition of Bloomberg best. The fed works to tame inflation in the labor market. There's not yet much evidence in my judgment that the rate hikes that we've done so far are having much effect on the labor market. Uber, CEO says consumers are driving profits right now. We're benefiting from a shift of consumer spend from retail buying stuff when you're home to actually spend on services, going out to restaurants, traveling, et cetera. The role of nuclear power as we move away from fossil fuel. A lot of private money has come in to this $5 billion just in fusion, for example. So somebody thinks this has a real good shot. Bloomberg best, Bloomberg's best stories of the week, powered by 2700 journalists and analysts in more than a 120 countries around the world. And you know we had that way stronger than expected jobs report more than
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"People have died from storms that are across California. Rain weary residents in the state have been told to keep their kids home from school in Santa Barbara county schools closed yesterday as rain flooded roadways, sheriff Bill Brown is urging administrators to keep schools closed today as well. If you don't have a need to be out and about, please do not go out driving. Sheriff Brown says they are asking everybody in the county to shelter in place. The House voted to repeal billions of dollars of Internal Revenue Service funding that Democrats approved last year with speaker Kevin McCarthy at the helm, the chamber passed a bill last night. The legislation passed on a party line vote, Tennessee Republican David kustov. This new Republican majority is focused on protecting taxpayers and small businesses from overreach and abuse. Massachusetts Democrat Richard Neal slammed the GOP legislation. They don't want a fairer tax administration. They think it's bad for some of their supporters. The measure is likely doomed for failure in the democratically controlled U.S. Senate. Attorneys for president Joe Biden discovered classified documents while packing up the Washington office he used after serving as vice president. The materials were turned over to the national archives in November. Thousands of protesters in Rio de Janeiro and São Paulo demanded no Amnesty Monday following a riot that invaded the heart of Brazil's capital Sunday and never to reinstall former president jair Bolsonaro, the words Vogue memories of an Amnesty law that for decades in the past protected military members accused of abuse and murder. Live in the Bloomberg interactive broker studios, this is global news 24 hours
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Country's president and Canadian prime minister Justin Trudeau. Other topics on the agenda include fentanyl trafficking, trade, and economic development. Well, President Biden spoke today with Brazil's president following major unrest in looting in the Brazilian capital and national security officials say the Biden administration will seriously consider it an extradition request from Brazil for former Brazilian president jair Bolsonaro, who is reportedly in Florida, but we're told there has been no official request for that. State Department State Department spokesman Ned price says the U.S. stands with Brazil as its safeguards its democratic institutions. We've seen remarkable resilience from Brazil's democracy over the past 24 hours. The violence was quelled within hours, the institutions were cleared of violent protesters within hours. Again, the State Department's Ned price, the UN is touting some positive environmental news as we hear from Bloomberg's Nathan Hager. A panel of UN scientists says the ozone layer is on course to recover within four decades. The group says it's a credit to the 1987 Montreal protocol, the global agreement to phase out harmful chemicals that deplete the earth's protective shield against ultraviolet radiation. Under current policies, the ozone layer is expected to return to 1980 levels by 2066 over the Antarctic by 2045 over the Arctic, and by 2040 in the rest of the world. In Washington, I'm Nathan Hager, Bloomberg radio. Tonight, Georgia will look to become the first back to back champion in the college football playoff era, the top ranked bulldogs will take on third ranked TCU at SoFi Stadium in Inglewood, California, kick-off set for 7 30 p.m. Eastern Time
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Get world in national news with Nathan Hager. Paul less than a day after thousands of supporters of former Brazilian president jair Bolsonaro stormed government buildings in the capital Brasília more than 1500 of them are under arrest. Justice in Brazil's Supreme Court gave police 24 hours to disperse groups that had been demanding a coup to unseat new president Lula da Silva, Bloomberg's Rosalind Matheson reports Lula is accusing his predecessor of fanning the insurrection. I've been camped out for weeks in various parts of Brazil, having protests setting things on fire and so on. But this was obviously an escalation. And it doesn't seem as if it was opportunistic. Again, on a quiet Sunday, this was clearly something that had been planned, of course, for a while. Bloomberg's ros Mathis and meantime White House national security adviser Jake Sullivan says the Biden administration has not received any requests from Brazil to extradite Bolsonaro, Brazil's oh globo newspaper is reporting that Bolsonaro has been admitted to a hospital in Orlando, Florida with severe abdominal pain, paper isn't saying how it got that information. Back here in Washington, House Republicans cut a deal to make Kevin McCarthy speaker in exchange for promises to cut spending levels. Bloomberg's Amy Morris reports, Democrats are going to have plenty of opportunities to chip away at those promises. Republicans have agreed to hold fiscal 2024 government funding to their fiscal 2022 levels in effect as 7% cut from 2023. The move gives lawmakers more room to negotiate a debt limit increase or suspension and to look at how House Republicans will attempt to negotiate those goals. Hal's appropriations chair rose of Dolores says the Republican plan risks a shutdown later this year, but democratic representative Henry cuellar of Texas says the cuts will never make it through the Senate, and Washington I made me Morris, Bloomberg radio. Traffic
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Order has been restored in Brazil after supporters of the right-wing former president jair Bolsonaro stormed the nation's Congress Supreme Court and presidential palace yesterday. Thousands of hard line protesters invaded government buildings, authorities responded with tear gas to try and regain control of Brazil's capital. This was a scenario many feared might happen after a divisive election back in October, Bolsonaro is currently in Florida. President Biden is now in Mexico ahead of the North American leader summit that kicks off today with Mexican president Andres Manuel Lopez Obrador and Canadian prime minister Justin Trudeau. Before arriving in Mexico City, President Biden made his first visit to the U.S. southern border since taking office, stopping at El Paso, Texas, where he was greeted by one of his harshest critics. Texas governor Greg Abbott hand delivered a letter to Biden telling him his visit is two years too late. He needs to step up and take swift action, including reimbursing the state of Texas for the money that we spent, but providing more resources for the federal government to do his job. Abbott says that Biden was cordial and said he wants to work with him. The Virginia elementary school teacher shot by a 6 year old student Friday is now in stable condition at a local Newport News hospital. Police say the investigation is made more complicated by the child suspect. Authorities have not said how the gun wound up in the hands of a child. Lie from the Bloomberg interactive broker studios, this is global news. 24 hours a day on air, and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts in more than 120 countries. I'm Michael Barr and this is Bloomberg. From New
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"And John. Thank you very much. In Brazil. Supporters of former president jair Bolsonaro stormed the presidential and congressional buildings in the capital. The crowd demanded Bolsonaro be restored to power, claiming fraud in the October election when by current president Lula da Silva, protesters ransacked offices and called for the military to reinstall Bolsonaro. President Biden arrived in El Paso, Texas, visiting the U.S. southern border for the first time since taking office. It comes amid a surge in illegal crossings, governor Greg Abbott, among those greeting the president, then spoke to reporters about the visit. This is for nothing but for show unless it begins to enforce the immigration laws already that exists in the United States of America that are contained in the letter that are provided to the president today. Governor rabbit says he gave the president a letter listing ways to deal with the legal migration. The worst of a wave of brutal storms expected to hit California today as thousands of people remain without power. California governor Gavin Newsom says he's asking the Biden administration to declare a federal emergency to support the state's ongoing storm response. Under the Stafford act requesting of The White House approval through fema region 9 of an emergency declaration to get this full support of the federal government in our efforts, which we have all the confidence that we'll receive. Governor Newsom says there are serious concerns about flooding and mudslides. Live from the Bloomberg interactive broker studios, this is global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts more than a 120 countries, I'm Michael Barr and this is Bloomberg. The just because deal. Hey, oh, what's this? Breakfast from Mickey D's? For me? Yep. Why? Because it's morning, and you like McDonald's. Let's eat all the time. There's a deal for every act of kindness. At McDonald's. You don't need a reason when the one and only hot and melty sausage mcmuffin with egg is just two 50. Price and participation may vary can not be combined with any other offer. I know about courage, I learned from my adoptive mom. She said sometimes you just gotta hold on, and no we'll get through this. Mom, we are so
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Hager. And I'm Karen Moscow, and U.S. stock index futures are on the rise this morning. We check the markets all day long year on Bloomberg S&P futures up 13 points are a third of a percent down futures up to tenths of a percent or 70 points, and NASDAQ futures have four tenths of a percent or 46 points. Ten year treasury down 1230 seconds. 3.60%, and the yield on the two year 4.28% Nathan. Karen will have more on markets in a minute, but we begin this morning in Brazil, where the capital is recovering from an insurrection by thousands of supporters of former president jair Bolsonaro, rioters, ransacked the Brazilian Congress, the presidential palace, and the top court in Brazil. We get the details from Bloomberg's Bruce einhorn. These protests have of course related to the election last October that then president Bolsonaro lost to former president Lula. President Lula has only been in office for a week. Former president Bolsonaro did not attend the inauguration. He's now somewhere in the United States. A lot of his supporters have been camped out in front of military headquarters all around the country ever since the election, conducting vigils in protest of what they considered to be a stolen election. Bloomberg's Bruce einhorn says the new president Lula is vowing to prosecute the rioters. Well, Nathan, we turn now from political turmoil in Brazil to more here in the U.S.. It took 15 ballots for Kevin McCarthy to become Speaker of the House. Now he faces a democratic controlled Senate and a slim fractured House majority. Amy Morris has details from our Bloomberg 99 one newsroom in Washington. The leadership struggle lasted more than four days and raised questions about Republicans capacity to fulfill basic functions of governing, even after McCarthy was elected Republican representative Nancy mace of South Carolina tells CBS's face the nation heard here on Bloomberg radio that she's worried about what backroom deals were cut. We don't know what they got or didn't get. We haven't seen it. We don't have any idea what promises were made or what gentlemen's handshakes were made. We just have no idea at this point. Today, house lawmakers are set to vote on a rules package, which will set the stage for how the house is going to operate. In Washington, I'm Amy Morris, Bloomberg daybreak. All right, Amy, thanks. One Republican who withheld his vote for speaker McCarthy is defending the drawn out process, Pennsylvania congressman Scott Perry tells ABC's this week, rank and file members should have more power. This is never about Kevin McCarthy. This is about power for the American people, the American people are very, very tired of this gang of 7 gang of 8 literally 7 or 8 people are just a few people in Washington, D.C. running all of the policy for the American people. But House minority leader Hakeem Jeffrey says he's concerned about the dysfunctional start to the new Congress. I'm very, very troubled by the way in which the Congress has started and hopefully that doesn't pretend what's to come. Congressman Jeffries was a guest on NBC's
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Travel has begun back into China's mainland after most restrictions are lifted. Let's get over to San Francisco and join Ed Baxter with global news. Yeah, and two different emotions coming on this, so one of joy and one of well, what's going to happen next? China no longer requires quarantine for arrivals, although it does require a 48 hour negative COVID test before travel, Bloomberg's Steven engel. People are coming back there taking the opportunity to get back into China, whether that's through Hong Kong or direct fights. But direct flight still sort of limited into China, but that will be opening up. The border between China and Hong Kong obviously opening up, there's a quota of 60,000 a day. And including 50,000 for the land border and the South China morning post saying preliminary figures from about 8 p.m. last night showing more than 45,000 total. Now it also comes at a time of concern about the lack of transparency from Beijing regarding the number of illnesses and deaths, for example, for January 7th, the government reported out two new deaths. And three for the day before. With a U.S. House speakership battle finally over the Congress this week we'll have to turn to a number of very important issues and there's a warning to speaker McCarthy from representative chip Roy of his party that the debt ceiling standoff could lead to more congressional chaos. It's January. So the debt ceiling debate is going to be in a few months. Let's do it now, guys. Let's get this out there. Both sides of the aisle. Everybody within each party. Let's figure out how we're going to actually fix this because the American people are sick of us not doing our job. Roy on CNN, meanwhile, moderate Republican Nancy mace says she's concerned that common sense legislation is going to have a hard fight on the new Congress. For example, we have 12 bills that were supposedly going to be voting on in our first week in office, three of them are abortion abortion bills and pro life bills. I am pro life, but I have many exceptions, but they are not legislation pieces of legislation that can pass us in and get onto the desk for the president to sign into law. And on CBS face the nation has heard here on Bloomberg may says it was an ego generated mess created by Matt Gaetz. It's going to be very difficult. Matt Gaetz is a fraud. Every time he voted against Kevin McCarthy last week, he sent out a fundraising email. What you saw last week was a constitutional process diminished by those kinds of political actions. May says it was a food fight and can not be allowed to continue. Thousands of supporters of former Brazilian president jair Bolsonaro broke through security barriers and invaded Congress Supreme Court and presidential palace today, president Louis Lula da Silva is not in the palace. Police have used pepper spray and have cleared some of the spaces actually most of them, this bears up striking resemblance to the January 6th insurrection at the U.S. capitol and British prime minister sunak says he is willing to discuss pay races for nurses. In San Francisco, I'm Ed Baxter. This is Bloomberg. All right, thank you very much indeed for that Ed. We're going to just move now and have a look at what is going on with a Jack Mars. He gives up control of ant group. Let's get the details now from David ingles. Ma is stepping back further from the company even as China's tech crackdown eases. The company is now offering ten individuals the management staff and ma himself voting rights independently. It effectively removes moss control of the company, the billionaire has mostly disappeared from public views since giving a speech that criticized Chinese regulators. That was on the eve of ants proposed listing back in 2020 and that IPO was of course later dropped. Ma will still have about 6.2% of the voting rights after the adjustment that's based on Bloomberg calculations. And also said it does not plan to seek a new IPO and the company said it would remain focused on rebuilding its business to appease regulators. David ingles, Asia. David, thanks very much. Let's get to our guest Walter John president chief investment officer in the managing director at Greenwood capital. Walter, thanks very much for joining us on a Sunday evening your time. So we had the weaker services data and the wages slowing more than expected. Also, European inflation that's back in the single digits to you, does that bolster the upside case for equities here? Yeah, we'll get evening or good morning to you. Yeah, I mean, I guess in the short term, the answer is yes. Based on the response in the market on Friday, I think honestly, investors are moving from this question around inflation and whether we peaked or not or whether it's coming down. I think it's all indicators are coming down as going to fall rather quickly. Hopefully the fed will recognize that sooner rather than later. And so the shift has moved to growth, but there's this perhaps Goldilocks period in between. When we get too worried about growth and we're excited about inflation rolling over that the market can rally and we're sitting here right below the 200 day on the S&P so if we can break above that, that could continue that trim. But earnings are going to be a big determinant as we get into that late next week. Well, I mean, there's no yes no or binary answer to what I'm going to ask you, which is does the fed get it? Based on the public comments, I would say no. They are adamant that they have more work to do when if you look at the data by the time we get the next PCE reading, in my opinion, before they make their next interest rate decision on February 1st, that core PC number that they tell us they look at is going to be below where the fed funds rate is before they do anything on February 1st. So maybe that maybe that tips them to move 25 basis points. I think they're going to do something in that February 1st meeting. I don't think they need to do anything, but I think we will do something and hopefully that kind of the data between now and then and that they've seen so far since the last meeting we'll have them kind of see the light that their job is done. Yeah, if you look at the market performance of late, both in stocks and bonds, I think you have to believe that the consensus is that the fed is going to kind of mess this up with the economy. And eventually it will bring inflation down, but that you'll have a recession. So one thesis that I've kind of taken a liking to is you have a great January and then it all falls apart, recession fears and the fed drive the market to new 52 week lows. Can you see that?
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Here and see how the data shakes out. Yeah, you would think that would be the logical course of action. But once you draw a line in the sand around indicators that tend to move very slowly in terms of reflecting the inflation process, then that's difficult to do without looking like you're reversing yourself. And so I think they're afraid to go down that path now that they've drawn a line in the sand saying we actually need to see some much better news on realized inflation in particular the core inflation indices that are dominated by rents that are slow moving variables. And so this is also what got the fed into trouble early in the business cycle. Where they were getting us false sense of confidence from deeply lagging indicators of inflation that were quiescent despite evidence of an economic boom that was unfolding. So live by lagging indicators die by leg. Okay, Michael, this is important. And the chairman has brought this up before. There's other measures of inflation does a Dallas trim mean. Or the Cleveland series that I love, or ones you know that I don't know. Do these more boutique inflation series lessen the rent in housing impact all of our listeners are living. They can Tom, but the key thing to remember is that inflation is going to tend to lag the business cycle. And so if we look at forward looking indicators, right? I mentioned the yield curve a moment ago. You've got an inverted yield curve. You've got every measure of monetary growth moving into negative territory now. Well, inflation adjusted terms. You've got housing down 6 quarters in a row, housing leads to the rest of the economy by one to two years. And so the forward looking measures are all lower growth recession and inflation will fall with a lag, at least on the demand side. And now for our listeners with Michael darda, we go, we're darting once to go. M1, M two, M zero. I mean, it's cratering, right? Yeah, it sure is Tom. And here's an interesting statistic for your listeners here. So if you look at commercial bank reserves, the run up that we had in commercial bank reserves relative to trend was about $3 trillion. Because of high inflation and much slower growth in the nominal quantity of money and commercial bank reserves are commercial bank deposits rather. We've reversed almost three quarters of that. I mean, it's been a very rapid reversal. And we're on course to be back to or below trend by the middle of next year, which is more or less when the federal or when the yield curve suggests that the next recession may start. And so it's been a pretty rapid reversal of monetary. And liquidity conditions. It's been wonderful. Michael darter, thank you so much. Nice preparation. Some of the mysteries there. Paul, what's great about darta is he's not looking at November 2nd. He's out December, whatever it is. 15, 17. Or he's out to February 1 of next year. That's when we need to be because and then the question becomes recession. Does the chairman want to go out there in the question and answer? I'm not so sure. Michael McKee will take him there. Yeah, maybe we'll see. Right now, with the markets open down, negative one 13, 32,500. With our news in New York City here's Michael Barr. Tom Paul, thank you very much. There's late word President Biden will give the speech tonight on Capitol Hill that's according to an aid, axios is reporting the speech will be on democracy, and Biden will talk about what's at stake in the midterm elections. The suspect charged with attacking House speaker Nancy Pelosi's husband last week entered a not guilty plea in court. David DuPont is facing multiple state and federal charges for allegedly breaking into the Pelosi home in San Francisco and beating Paul Pelosi with a hammer to pop also allegedly wanted to target other politicians and its prompted capital police to ramp up its security for lawmakers. Homeland Security secretary Alejandro mayorkas says the current political climate is encouraging more violence. There are a number of forces that are fueling a violent extremism. Ideologies of hate false narratives, anti government sentiment, personal grievances, the divisiveness in this country is of great concern. Secretary mayorkas spoke to ABC. Former Israeli prime minister Benjamin Netanyahu appears to be heading toward victory in national elections. Voters gave Netanyahu and his far right allies what looks like a stable majority in the country's parliament. Brazilian president jair Bolsonaro Val to respect the constitution and authorized the government to start the political transition after his loss to Louis Ignacio Lula da Silva. Lie from the
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Very much, Brian South Korea and joint chiefs of staff is saying that North Korea has fired an unidentified missile off to the east of the Korean Peninsula, Japan's defense says it appears to be a ballistic missile South Korea triggered an air raid alarm for Olin island. Brazilian president jair Bolsonaro has vowed to respect the constitution and start the transition, also called for an end to the protests that have blocked shipments that leaves Lula da Silva to start putting together a cabinet. Israeli exit polls showing Benjamin Netanyahu poised to return his prime minister. His Likud party is likely to have the parliamentary majority needed to form a government. So those are the exit polls, the actual vote count is underway. Top Korean officials are acknowledging that a lack of proper crowd management did probably cause and if not at least greatly contributed to the deadly surge of people on Halloween causing at least 156 deaths. Man accused of attacking Paul Pelosi has pleaded not guilty to state charges against him. This while police say he intended to go after politicians at well and said that he said that he was on a suicide mission. In San Francisco, I met Baxter. This is Bloomberg back to Singapore, Juliette. Thank you, Ed, will Hong Kong officials pushing to convince the world that the Chinese territory remains the go to place in Asia for finance, Hong Kong summit for global bankers begins today and joining us from Hong Kong is in a car and Bloomberg chief Asia economics correspondent inder our colleague surely ran in opinion has written a piece saying the mood is all gloom and germ and the bankers and asset managers she's been speaking to a worried. So how does Hong Kong convince the world that it is the go to place in Asia for finance? Well, Juliette, this is a very important event for Hong Kong from the government's idea was to project this huge hub reopening easing up in the quarantine restrictions and on COVID restrictions, bringing the board's big bankers and of course end of week then with the big 7s rugby festival. But you would have to say it isn't quite playing out like that to move music is pretty low. To begin with, several senior finance executives have not coming for one reason or another. So that's taking some shine off it. Secondly, there's been some practical issues around, for example, the finance secretary he got COVID, so it became unclear whether or not Hong Kong's own top economic official could be in attendance. Then thirdly, we've had some weather related issues here. Hong Kong is strict rules around what happens when a typhoon is heading to city or even coming close to the city. And that's cast a shadow over how that might impact proceedings as well. So you would have to say, if the idea was that Hong Kong was going to flick a switch and project itself as reopened to the world and here we go back to doing business as normal. That doesn't seem to be the mood music or the vibes and a shoelace says in her own piece. There's still a lot of concern. I think, and worry among the bankers in Hong Kong. Indeed, and meanwhile, we are seeing it. It's always been a comparison Singapore outpacing Hong Kong at least in some kind of rankings. The global financial centers index Singapore is Asia's top financial center, so how do authorities try and convince money to come back into Hong Kong we heard the finance secretary Paul Chan refugee claims that Hong Kong is losing its
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Radio. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg Welcome to Bloomberg opinion. I'm Bonnie Quinn. This week. Very well could be true that the markets are right in sensing a less aggressive fed. But we're just going to have to wait and see if I think it's just more hope these days. My Greek and on markets whipsawing again. And Clara Ferrero Marquez on the Brazilian election after Paul's underestimated president jair Bolsonaro's popularity, sending the presidential race to a runoff. First, though, to the midterm elections here in the United States, November 8th. We heard from President Biden this week, reaching unity with Republican governor Ron DeSantis. He thanked me for the immediate response we had. He told me how much he appreciated it, said he was extremely happy when it was going on. This is not about whether in anything having to do with our disagreements politically. This is about saving people's lives, homes and businesses. But the message of unity may be short lived with midterms fewer than 5 weeks away. Markets and corporations will be looking to results to figure out what happens to a slate of short term tax perks designed to sunset at the end of the year. Also, the prospect for legislation in the next two years, regulatory risk and federal energy policy. I spoke with Bloomberg opinions Jonathan Bernstein to gauge the state of the slate. So Jonathan, it's important to preface everything by saying that we're still 5 weeks away from the midterms. And so much can change in so many arenas from individual candidates to what issues even Americans consider paramount, but for now at least it does look like the Senate is favored to stay Democrats. Do you agree? Both House and the Senate have become so up for grabs. The latest polling could change, but right now it looks like there's about a one third chance that Republicans would have majorities on both sides of Congress, about a one third chance that Democrats would have majorities on both sides. And a one third chance of a split Congress with Republicans having the majority in the House, Democrats in the Senate. So yes, most of the forecasters right now I would say Democrats have a slightly better chance of holding their Senate majority than not. But it's very up for grabs. What states does it depend on? Obviously, we're watching Georgia. It may come down to Georgia. But other states have huge impact on where it actually ends up. Yeah, I mean, there's still several states that could go either way. Nevada, Georgia, Wisconsin, North Carolina, Pennsylvania, Ohio, Arizona and Florida even New Hampshire, even there's just a lot of states that are at least if the polling isn't quite within the margin there. It's awful close to that. So you don't think that New Hampshire and Arizona are lost to Republicans yet, then. If you had that uneven odds, I'd take the Democrats in New Hampshire and Arizona, and bet on elections. But if you gave me ten to one odds, I'd have to think seriously about the possibility. If the environment shifts to Republicans over the last month, it's certainly possible that Republicans could get back in the game and some of the states that right now Democrats have an advantage on the other hand, the environment could shift a little bit to the Democrats and something like Florida or Utah. Those could become all of a sudden insight if things move a little bit to the Democrats. And we just don't know if that's going to happen or not. So it's all to play for still, it does seem like Republican money is going to Ohio and Florida. Should we read anything into that? You know, I'm sort of an outlier on opinions about money right now. My feeling is there is so much money out there. It is so easy to raise. There are so few restrictions that any candidate who has a reasonable chance is going to be funded enough that diminishing returns start sitting in. So I don't think that any candidate would have a chance otherwise is going to be starved for funds. If it does come down to Georgia, even though it doesn't come down to Georgia, this Herschel Walker would do it even with these new allegations about paying for a girlfriend's abortion, even though he's staunchly anti abortion publicly. You know, I think what we should think about stuff like that is that it probably matters on the margins. After all, it's too late to drop them as a candidate. The hardcore Republican Party actors are stuck with him. It would take something extraordinary for them to say, oh, forget it. We're going to give away one of the major swing states and it's not going to happen. Could it affect some voters? Sure. Even if it's 1%, 2% of voters in Georgia well, if they stay home and they say, do I really want to go out to the polls and vote for this guy who has not just this latest scandal, but a whole series of things, not to mention that his qualifications for the job were very shaky. And his ability to perform on the job have been very shaky in any of the settings we've seen him in. So if it's a very close race, it costs some one or two percentage points. That could be enough. On the other hand, we've seen plenty of big campaign issues, including important ones, come up, matter for a while, and then they move on to something else. And most partisans are very good at making excuses for people on their own side. So sometimes campaigns really do collapse and we've seen in this cycle, some candidates running well below where their party seems
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"John Kim Kardashian will pay $1.26 million over allegations from the Securities and Exchange Commission that she broke U.S. rules by touting a crypto token without disclosing she was paid for the promotion. The SEC said today that Kardashian used social media to promote a crypto asset security offered by Emacs. The SEC went on to say a Kardashian was paid $250,000 to post on her Instagram account about eMac's tokens. In Southwest Florida, the search for survivors continues among the wreckage of hurricane Ian, rescuers are also finding more bodies at the death toll climbs to 81. Many residents were caught off guard when the storm was predicted path, turned south devastating the fort Meyers area. 5 full days after the hurricane hit, there are still people without water in these neighborhoods. Florida governor Ron DeSantis said the state will begin work to reconnect pine island to the mainland after Ian destroyed the only bridge. As that storm started to shift, then they took that data and then they acted appropriately. Governor desantis also defended people who were on the island and officials who were criticized for saying that they were slow to get off the island and evacuate the island. The Nobel committee announced the prize for physiology or medicine today. He went to a Swiss scientist, savant pie boat for his work in human evolution. In Brazil, president jair Bolsonaro fought his way to a runoff election against his leftist challenger former president Luis Ignacio Lula da Silva, Lula got 48% by Bolsonaro
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Rashad. Presidential elections in Brazil but in nail biter all night for us with about 92% of the vote counted former president left wing challenger Louis cenac Lula da Silva ahead of current president jair Bolsonaro 47.3% to 44.1%, but this number is fluctuating and a lot of people are saying that the election is heading to a Lula Bolsonaro runoff on October 30th because it is so tight. I think he needs 50% of the vote to win, so that's why all the talk now is about a runoff. In Ukraine, Ukraine has taken back the key hub of Lyman. It's in one of the region's Russia just claim control over the day before. Meantime, Russia attacked Ukrainian president Vladimir zelensky's hometown with suicide drones, and they're scrolling speculation about whether Russian president Vladimir Putin would actually use nuclear weapons over Ukraine. In Indonesia, the country's president ordered all soccer games suspended pending an investigation into a deadly stampede there well over a hundred people killed. It's been day since hurricane hit Florida, the scope of lost there is still unclear some insurance estimates though say this could set back insurance companies by $60 billion worth of claims. Global news 24 hours a day on earth on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries. In the newsroom do these Pellegrini, this is Bloomberg, Brian. Denise, thanks very much, ten minutes before the top of the hour it's time for the daybreak Asian media and tea leaves review where we look at some of the top stories in leading newspapers around the region and on media websites. From the Financial Times, Moderna has refused to transfer the technology for its COVID vaccine to China. It's worried about possible reputational risks if its local partner were to fail to follow correct manufacturing processes. A processes and the paper says that the company also declined a request by China to hand over the recipe for the mRNA vaccine. That's due to commercial and safety concerns. Moderna says it still wants to sell the vaccine to China, but this story says that there is no talks that are ongoing at the moment. From Dow Jones, the U.S. has fallen short of its own target of donating 1.1 billion COVID vaccines to developing countries by the end of September. This comes as many recipient governments, particularly in Africa, struggle with low demand for the shots and also limited funding to distribute them. And from the South China morning post looking at the upcoming Communist Party, Congress in China, posing the question, why are women unlikely to win promotion at the Congress? Female cadres tend to rise through gender pathways in areas such as education, civil affairs and in mass organizations, but there rarely assigned to more high profile portfolios such as finance, economics, industry, and technology. There are about 2 million female cadres serving in the Communist Party and also in government organs, mostly at the grassroots level. Women make up more than half of the central government's new civil service recruits every year. But don't get the top jobs. 8 minutes before the top of the hour that's a few stories in the media Rashad to you. Just getting data out of Japan, the tank and large and small manufacturing surveys just showing a little bit of weakness. So at least it's perhaps a better reading in some cases than the previous one, but certainly down on the estimates. Let's get to our next guest now. And we are now joined by Joe Gilbert portfolio manager at integrity asset management. Joe, thanks for joining us. Where do we stand? I mean, we're entering the fourth quarter. We've got this specter of a global recession high interest rates and fragile stocks and much more to be contending with. Yeah. Thanks for having me Rashad. You know, I think right now, as you laid out, we are very much in a very weak environment just actually fundamentally and I guess from a sentiment standpoint. So right now we're really thinking that we're entering a seasonally strong part of the year, historically, but we don't think that this year we will actually have that Santa Claus rally. I think that we are really going to be waiting on the fed and for the fed to decide that they're done. So will we see the data first or will we get a hint from fed policymakers? I mean, Bloomberg has a story in the terminal right now saying that a few of the policymakers just starting to make some sounds about maybe wanting to take a look at the effect of the rates rate hike so far. Yeah, you know, I think that, you know, we've known that fed policy X with a long and variable lag. And unfortunately, you know, the fed is really trying to forestall inflation if the expense of growth and they're doing that at a very rapid pace that we at least we feel and young granted, you know, I'm not a central banker. I just play one on a radio on Sundays, but I think that ultimately that we are going to actually start seeing the data come through weaker and weaker and the fed is actually going to be in that situation, much like the dog that chases the car. They're going to catch the car and not know what to do with it because the data is not in the economy is getting the weaker severely weak and by the time they realize it is going to be too late. Okay, but people talk about various tipping points have you seen any and do you expect more? You know, we think right now,
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Flash. Thank you so much for that update, Charlie pellet. A redhead crossing the Bloomberg terminal, Biden and China's Xi directed aides to plan in a person meeting an official saying that Biden did not discuss potential tariff steps with she and that they discussed concerns on unfair China economic practices. And so this is of course building on the meeting that we know that they had earlier today right now. Yes, this is the call. Yeah, exactly. So it's interesting to see that it's continuing on. All right, something we're monitoring certainly and we're monitoring as well also the markets will get to that in just a moment. It's three 49 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board. In close to four years in office, Brazilian president jair Bolsonaro has done little to instill faith in his commitment to democracy. He's claimed only God could remove him from office, chipped away at checks and balances and repeatedly questioned Brazil's well established voting system. Whether such bluster could translate into a concerted effort to reject an unfavorable outcome in October's presidential election, remains to be seen. But the mere possibility of an electoral crisis in Latin America's biggest country is one that corporate leaders should use their clout to prevent. Business coalitions and lobby groups can make clear the lasting economic harm that would be caused by any violations of basic democratic rules. Some have already signed an open letter in defense of democracy. That makes sense. After all, companies would have nothing to gain from the unraveling of the world's fourth largest democracy. This editorial was written by the Bloomberg editorial board for more Bloomberg opinion. Please go to Bloomberg dot com slash opinion or go on the Bloomberg terminal. These has been Bloomberg opinion. I'll turn on the radio. Yeah, but you let me drive. Oh, no. No, no, no. Honey, please. I'll do the driving drive on. Excuse me, I want to drive. It's a good question for tribes. This is the drive to the clubs. On Bloomberg radio. This indeed everybody, we are just about 9 minutes away from the
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"Estimates. And those are some of the stories are 2700 Bloomberg journalists and analysts are working on this morning around the world. It's 5 39 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board. In close to four years in office, Brazilian president jair Bolsonaro has done little to instill faith in his commitment to democracy. He's claimed only God could remove him from office, chipped away at checks and balances and repeatedly questioned Brazil's well established voting system. Whether such bluster could translate into a concerted effort to reject an unfavorable outcome in October's presidential election remains to be seen. But the mere possibility of an electoral crisis in Latin America's biggest country is one that corporate leaders should use their clout to prevent. Business coalitions and lobby groups can make clear the lasting economic harm that would be caused by any violations of basic democratic rules. Some have already signed an open letter in defense of democracy. That makes sense. After all, companies would have nothing to gain from the unraveling of the world's fourth largest democracy. This editorial was written by the Bloomberg editorial board for more Bloomberg opinion. Please go to Bloomberg dot com slash opinion or go on the Bloomberg terminal. These has been Bloomberg opinion. Listen for Bloomberg opinion editorials every weekday at this time, terminal customers can read more at op
Bloomberg Radio New York
"president jair bolsonaro" Discussed on Bloomberg Radio New York
"York and around the world Michael Thank you very much Nathan developing news New York City will require that all municipal employees get vaccinated against COVID-19 According to The Wall Street Journal the city will eliminate the option for testing A spokeswoman for mayor Bill de Blasio says that he plans to announce the order today and that would mean some 46,000 city workers need to get their first shot by October 29th or potentially lose their jobs Homeland Security secretary Alejandro mayorkas who is fully vaccinated tested positive for COVID-19 in the department statement Mallorca's experiencing mild congestion A Brazilian congressional panel says that president jair Bolsonaro should be charged with crimes against humanity over his pandemic response The New York Times reports the panel dropped its recommendation of a homicide charge A House committee investigating the January 6th capitol insurrection has voted unanimously to hold former White House aide Steve Bannon in contempt of Congress the longtime ally of former president Donald Trump defied a subpoena for documents and testimony committee chairman Bennie Thompson Mister Bannon will comply with our investigation or he will face the consequences Committee vice chair Liz Cheney also spoke after Thompson Based on the committee's investigation it appears that mister Bannon had substantial advance knowledge of the plans for January 6th And likely had an important role in formulating those plans Vice chair Janie says the house will vote tomorrow on a criminal contempt resolution against Manning It is debate night for the two men running to become New York City's next mayor Democrat Eric Adams the Brooklyn borough president is ahead in the polls against Republican Curtis Sliwa A plane load of Houston Astros fans heading to Boston for last night's ALCS game never got more than a few feet off the ground Three crew members in 18 passengers were on board the private jet when it began its takeoff role at Houston executive airport yesterday after hitting a fence the jets stopped in the field and burst into flames Airport executive director Andrew Perry.
BBC Weekend
Brazilian Protesters Call for Jair Bolsonaro to Be Impeached
"Brazil, Thousands of protesters have taken to the streets for the fourth weekend in a row. They're calling for the Covid vaccination program to be speeded up and demanding the impeachment of President Jacobo scenario. Gayle McClelland reports. Out bolsonaro. Message in 20 states across Brazil. As the coronavirus death toll in the country passes half a million protesters demand the resignation of the man, they say is to blame President Jair Bolsonaro epitome. We allowed this person to become the president of the Republic and we are seeing the consequences of that today in the absurd number of deaths due to the pandemic. Due to the irresponsible way in which he handled the pandemic in Brazil, Brazil, the president has been famously dismissive of the health crisis opposing masks and social distancing measures. And he's been criticized for slow rollout of vaccines. Only 17% of the population has fully vaccinated with the presidential election looming next year. Mr. Bolsonaro's approval rating is at a record low and he faces investigation in the Senate on charges of corruption. As night fell, skirmishes broke out between protesters and police. Fired tear gas and through flash bangs. Such clashes are likely to persist, putting President Bolsonaro under increasing pressure as the pandemic continues to exact a devastating toll.
BBC Assignment
Brazil’s Amazon Deforestation Reaches Record Level for May
"Says deforestation in the Amazon region increased by 40% in the year to me, 1180 square kilometres of rainforest were lost. Meanwhile, a separate report is warning that illegal logging is set to get worse. As the Amazon enters the dry season. I got more details from our Americas editor Candice Pet Well, this is the third consecutive months of these record figures of deforestation in the Amazon is really raising serious questions about President Jair Bolsonaro's commitments to fighting deforestation. Environmentalists argue that the deforestation levels have been increasing because his policies and his environment minister have been slowly dismantling the legal protection measures. That police and control deforestation in the Amazon. The minister himself is under investigation by prosecutors for alleged involvement in the export of illegal would, for example, to be sold to the European Union and the United States. The Environment Ministry is also frozen funding to the environmental policing body and frozen their normal ability to patrol and monitor deforestation. President Bolsonaro has promised to eradicate illegal deforestation in the Amazon by 2030. Is that even realistic? Well, it's certainly contradicts a lot of what he's been saying. So far since he got into office in 2019. He's repeatedly advocated to develop Mentalist policy for the Amazon has argued the region needs economic development, not protection as some kind of giant reserve as he puts it. So these latest statements have been seen with great skepticism in Brazil. A by his opponents. There's been
Monocle 24: The Briefing
A chaotic week for Brazil's President Bolsonaro
"Even by his own standards brazil's president jair bolsonaro has had aka arctic with on monday. He was forced to reshuffle his cabinet after his foreign and defense ministers both quit yesterday as he purports lead once again surpassed its record daily. Covert death toll. The political crisis brought on by the pandemic also plumbed new depths today. Brazil awoke to news that the heads of the army navy and air force of all handed in their resignations in protest at boston is handling of the
THE NEWS with Anthony Davis
Brazil set to lose its third health minister as pandemic death toll rises
"Brazilian health. Minister eduardo has willow is set to be sacked after an inglorious ten month. Tenure during which more than two hundred and sixty thousand brazilians have been killed by a corona virus outbreak that his government stands accused of catastrophically mismanaging when the foul rights president. Jair bolsonaro named the army general. He's interim health minister on may sixteen last year. Nearly fifteen thousand brazilians had died of covid. Nineteen ten months later. The death toll has risen to almost two hundred eighty thousand and south. America's largest nation has been thrust into the most deadly chapter of its epidemic has willow whose dismal performance and him the nickname pasadena meaning nightmare was bolsonaro. Third health minister of the crisis after two predescessors walked out over disagreements about the president's stance toward covid nineteen from the outset. Bolsonaro has trivialized disease. Which both he and as well court as a little flu and torpedoed efforts to contain it through social distancing lockdowns all mass vaccination as well. Oh a fifty eight year old with no public. Health background had made clear that the person calling the shots in the health ministry was bolsonaro and not him. It's simple one gives the orders and the other obeys. He said if he's relationship with the president last october after bolsonaro overruled his attempt to buy forty six million shots of the chinese produced vaccine corona vach even so it is pezzo who now faces the most immediate risk of sanctions over his response to the health. Emergency few believed pass willows. Departure will herald a dramatic shift in the government's behaviour towards what is widely considered the worst public health crisis in brazilian history.
1A
Bolsonaro says "enough fussing and whining" as COVID death toll climbs
"Have been told to stop whining about covid. Nineteen by their president. Jair bolsonaro says he's not happy with new measures designed to curb the virus in his country despite a recent surge in cases and
The Takeaway
The International Reaction To Joe Biden's Win
"Farm minister who has now tweeted. Congratulations joe biden. On your spectacular. Victory joined with other nations. Latest around the world congratulating congratulate and on behalf of new zealand. Vicky nice including lights. I want to congratulate president-elect buydell and vice president-elect harris. us allies around. The world have moved quickly to congratulate president. Joe biden vice president-elect kamala harris on their win even as president trump still refuses to concede the election for countries like canada france and germany. Biden's victory could signal a return to cooperation on alliances like nato and treaties including the paris climate agreement but the prospect of a biden administration seems less promising to more authoritarian leaders with whom president trump ford strong relationships during his time in office including north korea's leader kim jong un brazilian president jair bolsonaro chinese president. Xi jinping who so far have all refrained from publicly congratulating biden and harris. Joining me now is yes means. Sirhan london base staff writer at the atlantic. Thanks for joining us again. As mean thanks for having me also with us. Clouds ladas professor of history and international affairs at the university of north carolina. chapel hill. Klaus good to have you with us. Thank you hello. How are you doing all right. We are in very interesting political moment right now. The president trump has refused to concede and yet president-elect biden is moving forward and the world is noticing clouds. How would you describe the scope. So far of the international reaction to biden's victory well on the whole thing that has been a lot of rejoicing a lot of applause for biden. I think people are hugely relieved that the trump administration will not have a second term and most people are most leaders in in europe and asia and of people in that country's overjoyed. I six they were really getting fed up for the trump administration. It was too dramatic too. Chaotic to unpredictable and people are relieved to see a new administration. I cost you said the administration was dramatic and unpredictable. And i think many americans would agree with you but it continues to be dramatic and somewhat unpredictable. Given the fact that the trump administration is now calling for recounts and investigations into what they allege voter. Inconsistencies are world leaders looking at that and saying anything about that. The fact that they're still Has not been a concession from president trump. Well del shaking their hands. Most of them are shaking the hats but the key for that sorts to themselves because it is no point to interfere in businesses seen as domestic american politics very few people at least very few democratic leaders have any understanding for what is going on in washington. It seems to be pretty obvious that the was of a free and walls not done in a fraudulent way at all and over. Four million people can vote for biden Rather than for trump's majority will lots of for millions of popular vote. He won miss. Four million people and the people have accepted. That biden is president-elect. And booby the new president but they are. You know wondering what's going on in washington but hardly anyone is actually surprised. At the trump administration would embark on such a course of action because that fits in with what is administration was like chaotic dramatic unpredictable and quite irrational to some extent mean given what klaus just laid out there in terms of the continued reaction to the world leaders at least us allies. Saying you know okay. We'll watch what's happening and see how this all plays out. How much of the reaction you think is excitement about biden himself versus relief about removing president trump from office. It's a great question. I mean it's worth noting An and i thought can of clauses overview spot on that you know for a lot of world biden is a very familiar character He certainly not new to the world stage. I think it was in. Benjamin netanyahu the israeli prime ministers congratulations that he noted that he's known biden for forty years. And i think a lot of world leaders know biden. So it's i. I think probably if i had to guess my assessment would be that it's probably the latter. I think a lot of i think a lot of the protests you are seeing in the us in the days after the result was finally announced was probably fell at least to me is an american observing from afar like a lot more relief than necessarily you know excitement. This isn't to say that you know. Folks don't like biden or unexcited to see him at the helm on his set a recognizable figure. But i think the world generally kind of just took a big sigh of relief that you know here returns a. Us option that recognizes. The us is traditional role in the world and will hopefully be kind of retaking that spot on the international stage. And yasmin. you are in london. Where prime minister. Boris johnson has had a strong relationship with president trump. How do you think this relationship between the us and the uk will evolve under a biden administration. It's a really good question. There's certainly been a lot of chatter about that very thing here kind of leading up to the us election and now after that we knew the result i think there is some conjecture that you know obviously as you just said President trump and prime minister. Johnson had a pretty good relationship. I think a lot of that stemmed from the fact that president trump was quite a big supporter of brexit. And you know. I think kind of quite appreciated the sort of comparisons between him and johnson superficial is some of the may be particularly. I think he quite liked references to johnson. As britain trump some remembering correctly and there has been some talk about some potential tensions between biden administration and johnson's downing street. I'm particularly with regard to brexit. Biden has been very clear about his support for the good friday agreement and opposing anything that would undermine it. And i think there's also some talk about how you know johnson before he was prime minister had made some comments with regard to president obama's support for britain staying in the eu. Where i think he made comments about obama's kenyan ancestry in how he had an ancestral dislike of the british empire so these are no doubt comments that administration would probably remember well. But i think it's worth noting that you know. These are things. I do not think are going to shake up the uk us relationship. In a major way. I think there's a lot more that And biden share particularly with regard to issues like climate change like the iran deal and. Yeah i mean. I think more broadly i would expect pretty good. Relations between the us and the uk going forward While it's certainly true. That trump and johnson had had a decent relationship I think you know the uk is is certainly a country that would see its relationship with the us being important irrespective of who's empower claus does not same theory hold true for other. You leaders like angela. Merkel for example and wilma call who themselves had troubled relationships with president trump. And who i can imagine so far are somewhat relieved to see this New administration elect. Yeah the But regarding johnson outside that johnson dossier a little insecure. He was the first international leader. I believe who fold up biden and congratulate him. They said i think that shows the level of insecurity and also abidance irish background. Bill make him wonder how. how how much you consult poured onto the united states in the future and the united vendor the united kingdom needs a trade. Deal the us. And i think he is for it. You know i think he would probably have seen a second trump administration as being more helpful regarding angela merkel and other european leaders. They certainly were relieved. Undiplomatic led a very bad relationship with trump or with raza. Put it the other way. Round a macro tried in various locations to make overtures to trump it was trump really rejected it who couldn't really in the end stand. Angela merkel nothing kid. He had a problem with female leaders. You had the problem as lead us. Who voted much more open to immigration and to do something about asylum people who were looking for asylum in their countries and he could understand and he also criticised the eu including germany for its huge trade deficit of us united states or rather to the united states of course had trade deficit busy you and he almost criticized the eu and it's trade policies. As much as he did china he called the eu. Actually a foe. Which is you know really surprising that you consider your most longest standing allies in the world that you suddenly regard them. As foes at least in trade relations. So underline michael and the german establishment as well as the french and other foreign policies tablets in europe are usually relieved that they see the end of the trump administration and us yes-men just that biden has a very good reputation. He is regarded to be quite honest as perhaps a little too old for the job but on the other hand is a centrist is not extreme is on the last notes of right people know him they a appreciate his his personality is a people person you some would say. Here's a backslapping sort of politician but much more extrovert much. More outgoing and much more ready to compromise than Trump was so all that shouting at nato summits or g seven summits all that Very bad atmosphere attention. The you know the almost talk about to break up of nato and talk about that trump wanted to undermine the quesion of political union of the european union all that will be a thing of the past because by and his administration can be expected to be very constructive to what nate to enter to you however having said that may the last sort biden will also insist on the european spending more money on their defense efforts so he will not be softer regarding nate and regarding the defense efforts of the europeans and here europe really needs to do something because that is an old complaint which goes back to the obama administration and before that wasn't actually unique to the trump administration. And the you know that they are very reluctant to spend more on defense. But i think a practice the president biden will actually be more successful in persuading them at. That would be the right thing to do as you mentioned. Joe biden's age. And i think that that's something that we must talk about because if something happens to joe biden we could be looking at a president kamala harris. And i'm wondering this is something that came up yesterday in our conversation about The role that black women played in american democracy in electing joe biden. We've seen kamala harris the first woman of color to ever sit in that role that i wonder how she will be received by world leaders. Yasmine your thoughts on that yet. It's a good question. I mean i think you know. Obviously that history-making of of her being elected the first female of vice president of colors obviously huge certainly noteworthy among a lot of the congratulations. that were received. I think it was prime minister. Narendra modi of india who actually dedicated an entire tweet just tacoma harris herself And i think the reason for that is is obvious. Obviously her indian heritage. He he sees that is is an opportunity to further strengthen the relationship between india and the us. but yeah. i mean. I don't know i would anticipate We as you say. Given president-elect biden's age that kamala harris could have a more hands on role than previous vice presidents that we've seen In in for that reason we may find that world leaders will quickly get to know come harris in a way that perhaps they didn't get to know vice presidents of the past and it seems just based on the comments that we've seen uncle mirko also an a made a comment about looking forward to meeting a kamala harris that we could expect that you know the world will be paying attention to both of them very much. Not just biden klaus What's been the reaction From china and president xi jinping so far there hasn't been much of a reaction. Xi jinping has kept quiet. We don't quite know why this speculation that perhaps xi jinping want antagonize the trump administration while it is still in office. The course and ten weeks you can do a lot of arm. And he knows that relations between china and the united states are difficult as they are that will continue to be difficult under the biden administration. So he's keeping a low profile on the social media in china have however been lots of comments. Some people really regretful that Trump is leaving because it made the united states weaker. It created a vacuum in international affairs which was appreciated by some observers in china as us believe you know it is much better to have a more stable more predictable government even if that government is perhaps more strategic in its relations with china. But they appreciate that proper possible predictability and international affairs so essentially. It's difficult to say what the leadership actually things and we will have to wait until eventually shipping and The foreign ministry in beijing will come out with a statement but they will do so nothing at the latest one set to mastic insecurity about the election. Outcome has been resolved than they of course will congratulate her joe biden and kabila harris now of course Clouds one country that we know has been watching the disarray In the united states or at least the tension in the united states has been russia. What have we heard if anything from vladimir putin and or his administration so far the gun russia's keeping a low profile putin hasn't congratulated i them and He is keeping quiet. Does not much coming out of russia but the they of course are disappointed. That trump did not win the second term. And there's been talk about disinformation campaigns. Not quite as much as two sixteen but russia did its bid to perhaps enable second trump victory and trump. However the to be quite. Frank hasn't been soft on russia. The administration perhaps not the president. Personally who always had such soft spot for putin and very confidential talks with him and no one really knows. What when on doing these talks but when you look at his policy his administration's policies towards a russia that wasn't soft all imposed over forty times a new sanctions on russia. So he the administration actually hasn't been soft on putin. But i believe that russia fears of fields that the unpredictability and the chaos and the. Let's say less focused way. of the trump administration than what could you can normally expect from an american administration that that in the end helped a russia that often the president Closed both ice and that influenced also of foreign policy. Make us in his administration like the state department. Yes maine another Interesting figure here is israeli prime minister benjamin netanyahu who has been a very close ally of president trump And that even translated into votes here. In the united states for the president from certain jewish orthodox communities. He congratulated joe biden and comma harris this past weekend. What do you expect to see from. Benjamin netanyahu in the near term when it comes to us. Israeli relations under a joe biden. I think this is something. That doesn't just apply to benjamin netanyahu but leeds had good relationships with president trump. I think narendra modi also falls into this category. And even figures like victor or bonham road regurgitate both of whom have also congratulated President elected biden But you know. I think he's a netanyahu in particular is a leader who obviously has a vested interest in maintaining a good. Us israel relationship irrespective of. Who's in the white house. It's no secret that obviously he benefited quite a lot. From having president trump in the white house the the moving of the us embassy to jerusalem being obviously one of those Kind of hallmark examples of a win for him That said He obviously you know. He recognizes that an admin the administration is changing. And i think he wants to shore up that relationship. But you know there's it it's been reported That the trump administration is hoping to kind of work with the israelis to sort of applies more punitive measures on tehran. Before trump leaves the white house in the form of sanctions to kind of make it more difficult for biden to return to the iran nuclear deal and try to bring that back it. This isn't to say that. Netanyahu and biden would necessarily see eye to eye on a lot of things i think we would probably see under a biden administration a return to the bit of the more traditional tone that we've known the us to take these israel Opposition to settlement expansion. That sort of thing support for a two state solution but indeed it will not be as rosy of friendship As we've seen between that and your home trump that's for sure we should also note that President trump's administration was also very close with bolsonaro of brazil. Both are considered to have really supported Populist movements and i'm wondering whether or not Desirable not who's also refrained from Congratulating harrison biden on their win and other populist movements across the world are looking at this and saying well maybe this is signals a change. Here i think it's definitely a loss for them. It's a setback. Because you know. I think particularly for leaders like bolsonaro. Who really sort of you know played on his relationship with president trump domestically I think this is a loss because you know even before particularly with populist movements even in places on like brazil where they aren't in power they could turn and look to president trump until their supporters. Look you know he's able to achieve this in the united states so we can achieve at here if know the greatest the most powerful leader in the world can do this that we can do this where we are so without question. I think it's it's a setback for them They lose that. You know that key ally in the white house But that said i think you know populous leaders like minded leaders to trump. Who could potentially take that narrative and sort of utilize it in their favor so While it is a loss for them. I don't necessarily think that it will end. Sort of their relationship trump or or will end them using trump is sort of an example to their benefit. Yes means seer. Han is a london. Based staff writer at the atlantic and klaus ladas is a professor of history and international affairs at the university of north carolina. Chapel hill
Red Eye Radio
Brazilian President Jair Bolsonaro has tested positive for Covid-19, following months of downplaying the virus
"Breaking his people forced degrees in 10 minutes or less because there's so many families coming through. Republican Senator Chuck Grassley told reporters this week that Congress would likely override President Trump if he chose to veto the National Defense Authorization Act if it includes a provision to rename Army bases bearing the names of Confederate figures. Congress has never overridden Trumpet Ito barbeque Yusa. Now what's trending on W B a. P and w dot com 24 7 News desk A private memorial
BBC World Service
Brazilian health minister says that President Jair Bolsonaro has fired him, amid dispute over virus policy
"The Brazilian president Shaya Bolsonaro who has sacked his health minister Luis Enrique human data after the two men openly clashed over how to tackle the spread of coronavirus Mr Mendes there had been an advocate of lock down and measure rejected by the president he called for Brazilians to go back to work more details from Katie Wilson this means the end of the dispute between the two men but also opens up a new chapter chapter one seventy about what a new minister at the helm means at a time when the numbers of dead because of coronavirus of rising stock me people here are concerned the new minister SA fresh in the job won't be up to the job especially his previous access said that the health system could collapse by the end of
The World
White House says Trump and Pence don't need coronavirus testing after coming into contact with disease
"Up breaking news out of Brazil this morning well I'm going to go C. mobile Brazilian is outlets are reporting a coronavirus case close to president Jair Bolsonaro Posener spokesman has been diagnosed with COPD in nineteen and this could be bad news for president trump and vice president Mike pence because that infected member of both and I was team met both of them at Mar a Lago in Florida over the weekend you know global came by Shonda does the start of the new Disney but as eating drink the Brazilian news outlet Globo reports that the U. S. embassy is in touch with both in house office the White House said today it's aware of the situation and trump and pence do not need to be tested at this time but social media watchers could not help but notice the Bolsonaro spokesman with covert nineteen he posted a photo to Instagram of himself standing shoulder to shoulder with trump and pence on Saturday president trump is holding a make Brazil great again cap in that photo by the way both announced doctors say they are taking preventive measures to guarantee his