26 Burst results for "Ramco"
"ramco" Discussed on WBUR
"Saudi Ramco is going after the hydrogen market and they are going for broke low cost plain hydrogen is where Australia has the potential to be hydrogen is key for a strong, competitive and carbon free European economy. But all these countries jumping the gun We've been here before with optimism or should that be hype about hydrogen? Here's Michael Lee break again. We're actually living through the third iteration of hydrogen mania. The first time was in the 19 seventies and 19 eighties. When there was the oil shock oil price suddenly went up, and particularly in Japan. People thought hang on without way of fueling our transport. We're really in trouble. And hydrogen looked like the Holy Grail. It was the only way that people could envisage continuing to have an extensive transport system. But of course, what happened is that oil price went back down and there was no need for those solutions, so they kind of withered. The second iteration was around the turn of the millennium. There was this huge surge of interest in all things. Technology, the Internet bubble, the arrival of digital telecommunications, digitalization of everything. All these new ways of communicating and hydrogen got kind of sucked along in that, and of course, what happened was That bubble bust. People stopped investing, and it's sort of evaporated. That was then. But what about now? This time? It's somewhat different for a few reasons. One is that we now have very cheap, renewable electricity, something we've never had before. And remember that cheap renewable energy is needed to convert water into green hydrogen. The other thing that makes this round of hype different is a plethora of promises to stop climate change. As Sonja says, if you're going for 80, or 90, or 95% emission reductions, Electrification can take you a long way, but to get to net zero. You need to decarbonization anything and that's really difficult to do only with electricity. Electrification is going to do the heavy lifting to get us to climate neutral, But Sonja says there are a few places where it just won't work. Yeah, and they're stealing cement the chemicals industry that make things like fertilizers and plastics. There's a long distance travel to like ships and planes and finally storing excess renewable energy. Let's take fertilizer production. It needs hydrogen itself. So you can't make the chemicals without using hydrogen gas or think about shipping and aviation. They sometimes have to travel great distances. Far greater than a battery could have a palette, so making it a reality means choosing carefully where to use green hydrogen. Michael has a couple of useful analogies here to help us get to grips with why that is, and the first one is a Swiss army knife. Was a hydrogen can be used in so many different ways that some people say Oh, well. Hydrogen is the Swiss Army knife of the energy system. You can use it for transport. You can use it for heating. You could use it to make synthetic fuels. It can be used in all these different ways. But frankly, we don't use the Swiss army knife to do everything. We have better ways of doing those things. And so with hydrogen. There's also cheaper and better ways to do lots of things like urban transportation, delivery vans, cars, buses, trains heating One of the reasons for that is because of the inefficiencies of converting electricity into hydrogen, transporting it to wherever you need it to be, and then converting it back into electricity. You can lose like over half of the energy doing all that. So why would you bother if you could just use the electricity in the first place? Right? And that's why Michael says a better analogy for hydrogen. Is a ladder. At the top of the ladder. These needs for hydrogen. You cannot do it any other way at the bottom of the ladder. There are things for which hydrogen, frankly, is very inefficient. And really, we should be going for alternatives generally directly using electricity and batteries. Even if you only use green hydrogen where it's clever to do so there are still serious issues to overcome. I think the biggest challenge to hydrogen is renewables is getting enough renewable power to be able to produce it. How much more do we need? Sonya? I think, the International Energy Agency they estimate that if you wanted to meet today's hydrogen demand with green hydrogen, you would need an extra 3600 terawatt hours a year. Basically, you would need more than the EU's entire annual electricity production. Whoa! Can I just restate what Sonia has just said to meet current demand with green hydrogen. It would take more electricity than the EU makes in a year. That's not even taking into account how the sector will grow in the coming years. Yeah, it's expected will need four times more hydrogen. By 2050. So we need way more renewables. That's the biggest challenge, I would say. Is it a doable increase? Well, people say it's doable because we want to a climate neutral. We have to do it. The problem is gray hydrogen is way cheaper to make than green, partly because the electrolysis is needed to make the green stuff are expensive and inefficient. On the other hand, there are some who forecast the cost of green hydrogen falling by 80% in the next decade, But they say it will only happen if there's investment in the technology. Some say this investment needs to come from governments and this is a bit of a sticking point because there's data that suggests where billions of dollars short But money has been spent on lobbying for hydrogen. In fact, millions in the EU alone so you have you know, gas companies are pushing for hydrogen. If you're on a gas pipeline, it's almost senior interest for there to be something flying through that, whether it's natural gas or hydrogen or a blend of the two. You probably don't care so much. You just want something in it, and things are electrified. Your pipeline is not going to get any use..
"ramco" Discussed on KLIF 570 AM
"Crossing over into Nebraska? There's a very sensitive sand like area of Nebraska. That's some type of designated area. They're just gonna run right through there. So you had the governors of South Dakota and Nebraska, both of which were Republicans saying, Not now, this is not the right you're gonna take So when I saw that, in the course of your call, Obama got pounded for saying We're not going to do this, but in reality It was actually the governor saying you can have them put the pipelines someplace else. That was the fault of the pipeline company. But again it was already keystone pipelines up there. This is just one more. Did you know that? Yeah, I know there's an existing Keystone pipeline. Okay, so how many of the refineries on the Gulf Coast can handle this? Type of oil. Was saying, not very many. There you go. Now. The MO TVA factory takes what can handle more sour crudes that was changed over from what originally was because it could handle Saudi Sour crudes and refine it down in Beaumont. But then again, Saudi Ramco own part of that refinery, so that makes sense, right? Right. Okay. We have almost 500 million barrels of oil on hand. So we have no all shortage. Most years. In the past, we carried 250 to 350 million barrels on hand. We've got almost 500 million, so it's not like we're sure the oil and They said you'd have that dollar 50 gallon gas. Why don't you have it? Because we got more all on hand. Then we can actually refined at the moment. So if we can't use that oil To refine it. Why does Canada want to run a pipeline from that area of Canada all the way to the Gulf Coast? If we're not going to use it here. Would guess to say for export. There you go. So when you do that, why doesn't Canada simply run those pipelines over to Vancouver, where they have big ports anyhow? I don't know. The answer by more say that the refining capacity? No, it's because of the fact that the people in Canada didn't want these new pipelines any more than the governors of South Dakota and Nebraska wanted it, where they wanted to run it. Now it was to such a degree that I believe the Canadian government actually had to take over one of those whole pipeline projects just to get it finished because the public didn't want it. So Refineries really don't use that type of oil, although they could be switched over to do that. We already have the pipelines from Cushing. Down to the refinery, which is using a Texas intermediate oil. Which is what we're refined where? What? We're pulling out the ground ourselves and our shale field. So it's a different type of oil, a different type of distance. The original plan was to take it through some areas. They would leave it in water. And you know if a pipeline broken the aquifer, do you realize how far down how many states have go down before it start coming out of the ground in a cornfield in West Texas? Sure being a lot. So in my opinion, I do not care if they build a Keystone XL pipeline. But if you're going to do that, be honest with the people what it's there for. Pick a route that actually makes sense instead of just the shortest distance is going to save your company money. Because when the state Department turns it down for that reason, because Republican governors don't want it there. The company doesn't come out and say that's on us. We just wanted to save money. They start blaming politicians for don't they It seems like so, like so much stuff. Green. Nowadays, it's hard to get out of the true answer Everything fun politically again. Do you know many pipelines air in the world right now? Cause I'm telling you, the oil industry and fuel industries we found out with the colonial pipeline. Uh, that's actually a pretty popular way to move oil and in fact moved fuels after it's been refined. But look at all the problems we've had with the Alaskan pipeline. We went through that period. There were how many breaks that we have in the tundra and all that. Bloom and we found out the British Petroleum who actually had the contract to keep that pipeline clean. Wasn't running the pigs and getting all the crude oil out of it, which is what was causing the break you put in new oil or would come up against the sludge. Think of it is like plaque and heart disease, right? Right and would rupture and go out on the ground. There was another case of it rupturing down near the export deal. And in both cases, Bridge Petroleum said, Oh, this will never happen again. We we just weren't paying attention, Blah, blah, blah. And and it happens again right before the British Petroleum event horizon blows up in the Gulf of Mexico. What kind of mess was that? So here's the reality. We live in a world where we use fossil fuels, so we need to deliver them expeditiously, intelligently and for reasonable modern money. Because we all use the fuels. I'm in on that. But it doesn't seem to be much of a problem to come up with the plan to do it smart, reasonable with the least amount of Ah, problems where it would break later. See that's a story. I did that really infuriate me in Texas when we're running the pipeline from Cushing to the Gulf Coast. Texas inspectors made him pull miles and miles and miles of the pipeline out. Did you know that? Not know that because they were putting in dented pipes, which are prone break in time under oil pressure, and the well, Torrente, right? So if you were the company, Trans Canada building these pipelines and you really want to impress people with his good as you could be in order to get the rest of the pipeline up north build. Why would you let your people put dented pipelines and bad welds in place in Texas? We're we're kind of a LA Z Fair state anyhow, right? Right. So in my opinion, the whole problem with the Keystone pipeline goes back to management at Trans Canada. And what they did was they blamed everybody else for the fact they didn't want to spend a lot of money and they didn't want to do it right. Ask that it's.
"ramco" Discussed on The NFL Show
"I haven't done. Can i reserve judgment on that. I got. I gotta do a little more digging to feel like i know in my heart where that is no. I think i'm with you just because the quarterback is the number one thing that matters. And i still believe adak is just really really really good. I liked that invested on defense in the draft to. I don't know that we'll see the results of that super but it should help at least and they did like sort of the smart boring thing that they needed to do which is always a good sign Especially when it comes to cowboys. So i like i like late. September really interesting really interesting time. It's shaping up to be there we go it's gonna be. We're gonna be busy when the ryder cup. I regret summertime everyone. Dj cannot remember. Who cheesy three geyser. Yeah tweeted he reminded me is that i said that I think trevor lawrence his haircut is the rachel. So okay well. that's a complete take. We could have done without well. The bortles of actors if anybody has submissions believe there's been they're going to show on the wringer podcast network. This episode came together. Thanks to the work as they blakely with additional production supervision of martina ramco..
"ramco" Discussed on KCRW
"Crude oil skyrocketed and there were long queues at gas stations across the U. S. And your money became the public face of the oil embargo, says Daniel Jurgen, author of the new Map about energy and climate change. Saudi Arabia became a very rich country very important part of the world economy courted by Western banks, and it had the revenues to really start to develop and your money was really the man at the spigot. Around the same time you Manny began negotiating for Saudi control of Aramco, the oil company, which at that time was controlled by four U. S companies, Jorgen says your money played his cards very carefully. Negotiating a deal that allowed the kingdom to control Aramco. Saudi Arabia did not just grab a Ramco from the Western companies. It negotiated this participation so by the early 19 eighties that had Full control, but it also ended up maintaining very good relations with those companies and look to them for technology and even for personnel. Today, Aramco is one of the world's most profitable companies. But there were traumatic moments during the Mounties career is oil minister in 1975. He was present when King Feisal was gunned down by a nephew, Ellen Wald says a couple of months later, you man, his life was in danger again. He was actually taken hostage during and later OPEC meeting by a very notorious terrorist who went by the name Carlos the Jackal. And it was a very traumatic experience for him. You money was dismissed in 1986 after falling out with senior members of the Saudi royal family. He died in London at the age of 90 and will be buried in his birthplace of Mecca. Jackie Northam. NPR news Later today on all things considered. Have you noticed that mail delivery is slow Lawmakers have and they're demanding answers from the postmaster general. Listen to that story by asking your smart speaker to play NPR or your local station by name. This'd is NPR news. You're listening to morning edition Right here on KCRW. KCRW. Sponsors.
"ramco" Discussed on Radio Fajri 99.3FM
"Z. Daddy i am a la z. Leaper san salonika the lie he while about orca to kindergarten. One hundred alamoudi can plus. I got amano. Cmu leaky kasey cy. Young dan moncia ally so sabrina. Peterman a law. The lama sora at room young are then dandora. Undergrowth aena dea went. Japan took movies three three more. Dennis mls andy so viacom all wrong then. Manasseh ramco padania then dedication yet although media kenya digital the anthem woo classic system ongoing yet. But i ain't nobody narrowed double by co young berbie. Get a good answer room. A do The daily.
Ant Group to raise $34.5 billion, valuing it at over $313 billion, in biggest IPO of all time
"Jack Mas and group It's expected to raise about $34.5 billion through an I P s right in Shanghai and Hong Kong on here's a little perspective for you. That's about the same valuations. JPMorgan Chase four times larger than Goldman Sachs. How about that? Let's get more on this company and why it's cornering so much attention, and it's rolling the global financial landscape. Bloomberg News deals reporter Crystal seas with us. She's on the phone in New York City. Crystal good to have you here with us. I mean, this is a blockbuster. Yeah, it's the biggest Theo As we expected. You know, a Ramco last year to be the big hero turned out to be a 29 billion dio. And in here we come 35 billion, so this really would be the biggest deal. It would be a monster deal. Why do people want to invest in it? Where's the appetite coming from? This's a story of a very much for player in the fintech space and all these impact player. It is a competition like that in this papal pasta then, but a plus the J. P. Morgan Really. It has a lot of influence in China because somehow take over the shares. Market shares. Traditional banks Path popular in China. And Ollie paid, which is the product that and operate with. It's probably the biggest player in China, so I mean that it's on Alone just share volume that they process gives them the valuation and this race that they could justify So Krystal is it a company that will continue to dominate in China and in Asia specifically or did something a company that we're going to see spread throughout the globe? Ultimately, Interestingly, 40% of the use of proceeds is actually going to be used for overseas payment extension on DH, although that's sounds like they're expanding out of China. Very much focused on Chinese customers. What it really means is that they will try to extend into merchant In in in places where Chinese tourists like to visit like, You know, when you go, too, I guess like the husband yard. When you go to Paris with me, you will feed a luxury stores with on Ali pay Q R code so That is that is what they want. That's what their expansion is focusing on. But it's very much so a China Pacific play and not even within Asia is very much a China. People play well on Krystal. It's also a Chinese listing. I feel like it's not lost on any of the US any of us that this wasn't a US listing. They're not on the nicely. They're not in the NASDAQ. They II Po'ed in Hong Kong and Shanghai. I'm assuming in large part because of the scrutiny Chinese listed firms are under here in the U. S. But How significant is it that this thing did not price in New York City? He has the biggest. Whoever is not a U. S listing is also is the Chinese company that is listening in China and Hong Kong that the concurrent listening It's interesting. This has not been done before. Some companies have tried Teo a simultaneous thing. And will be the first to pull it off. But more importantly, Andi Ali pay and we have. Hey, we're under White House scrutiny just last month. White House is trying to ban both products and the US So I think that just that also explains why us It's not a friendly environment for this idea. Yeah, are we expected to see in a tiara at any point? It could happen, but with 35 billion. I don't think that is the immediate next after them.
The Future of the Energy Sector
"The energy sector and the region's economies OB battling both covered nineteen and the oil price crash as tensions between market forces and management in the oil sector increase the Arab petroleum investment corporation's annualized no presents a weakening landscape and possible merges on the horizon let's bring it later Ben Ali she's the chief economist at Arab petroleum investments corporation they're always great to get your take on what the future looks like for us we we drilled into the numbers and and you talk about the private sector I suppose this is the big risk group was just talking about that about capital the private sector's share of energy investment is going to drop by twenty percent this year versus twenty two percent last year what are the biggest risks from not dissipation of private sector investment hello good good good morning minus good morning user I'm so I'm so glad to be with you this morning we've noticed a major actually degree professional degrees in a private investments in the energy sector indeed and that's not I don't think that's something that is of primary events in the region because in this region this crisis came a time where the private sector was differently feeble and and and why I'm sure I laid out today is a landmark moment over the last twenty four hours have been because you had Saudi Aramco executing the acquisition of a seventy percent stake in Saudi basic industries block trades worth sixty nine billion dollars huge transaction but maybe a bit of a scene setter of what is to come in terms of mergers in terms of acquisition right I mean it's it's good that you are reminded us of that acquisition but that's something that was in the cards before the current crisis I think what's twenty twenty is big enough is is a global reset you will have you wouldn't have to expect a restructuring of the value chains I would say in favor of the producers which are in the best physical position and and social media Ramco and others are are different in that position and also the players are facing the least leveraged answer twenty twenty with the beast yeah that's definitely something that's that's we are looking at and these will be also the same players that would be the best targets in terms of acquisitions so you would have in the energy sector overall and the associated I would say petrochemicals and service sectors as well more pressure to preserve a longtime fight fish increase up to to preserve evidence as well so that explains the there were potential wave of mergers and acquisitions that we can see which are June to the twenty twenty crisis is as we mentioned all reporting investments are being cuts and that's something that is I would say quite similar to what we've seen and different in the previous downturns the only difference this year is it started in the first it right away back in the twenty fourteen twenty sixteen downtown if you remember a user it took a couple of years to see those degrees of twenty five point twenty point twenty five percent year on year in capital investment the state this year resting their heads globally in twenty twenty and in the region of the oil and gas sector is the one that takes him most of the major hates because in in in theory you would see a utilities and renewables they can the most hated but this year that the upstream I would say and on the downstream part of the business we take most of most of the hits we might see and can I just ask you can I just ask you on on that line of thought on the on anime I would rather go could it be because typically this MNA upstream and dine street is within borders it is within national parameters to deliver those efficiencies through MNA what is the probability of something much more radical happening and cross border Annonay within the oil and gas going forward as a result of the pressure from cove it this year I that's a great question mine is I think the probability is higher and that's something that we have been tracking in at last year actually before Kobe nineteen crisis starts it because we already started to see the change of the nature of the relationship between institutional investors as a whole including the largest ones like this summer twelve fines and the energy sector so the energy sector as a whole is is coming to twenty twenty with squeezed margins across the value chain I mean I can give you the example of a less than ten percent to the specific parts of the gas value chain where we can still see robust fundamentals and robust demand going forward and also the fact that the energy sector over the last decade has been delivering very very long wait times due to investors and shareholders compared to other sectors so I wouldn't be surprised if you see including differently including cross borders MNAs in in the future and the emergence of new business models because I think most of the nineteen one thing that we learned is our specialization of with not to be the rights of business strategy to go or and a bit more diversification and integration across the value chain to be able to to balance the risks yeah and and and have a comfortable second goal of the value chain in and not so good so you will see that measure our larger players more integrated and ready yeah after all I would say the problems are that you will get a circle in nineteen
"ramco" Discussed on The Hustle & Flowchart Podcast
"Is an intro intro intro intro flow chart that with your four. Hey what you excited I am. What are you excited about this episode? Yeah it's one that's the one we're talking about. I'm pretty sure it's not the last one. No one was a good one to all goods. Focus on this one. We don't make bad episodes Joe. That's not in our DNA not at all so today we're on a copyright and we're on an email cold email outreach really not email actually we're just doing. All sorts of this is like basically the chat with just crafts interesting campaigns to get the attention of folks letting on walls radars right through Through cold email through direct mail through reaching out on link Din through sending people lumpy mail. Which does that will wing does. That will also do a lot of successful companies. He breaks it down how to do that. He has so we cover a lot of ground on this one in order to get people's attention on your business and I've been asked him some very specific things like let's say I need to get more affiliates to promote my product if you're an affiliate promote our ship but let's say you need more affiliates to promote your product. I asked him. How would you do a cold outreach? Campaign to get more affiliates to promote your product or. Let's say you're an e commerce. Business that has like a low ticket dollar items. How would you leverage cold outreach to do that yet? If you have a big ticket product or service or something like even if you are a big firm our clients that are a big firm of our big firm in your consulting of them or something. Yeah there's so many strategies here you could swipe it was literally just like Ronald up strategies to wing. That's WANNA go back. We'll weighing as we were chatting with today and he's over in Australia. He's a buddy of James Ramco Buddy of ours is affirmative us off Ashley Fowler. Whose and shout out to Charlie Valor. So we'll wings just awesome. He's kind of like behind the scenes guy running his own agency growth labs with Z. And with Zad as ED. It's so he's yeah. He's just crafted all these campaigns and it's kind of cool is he he basically. He claims he's basically weeds to sell with using modalities and stories and things like that. That just aren't commonly done and He's perfected. He's super creative and he doesn't do it with like. I mean He. Basically is streamline this thing to appoint like he runs an agency he made it like a lifestyle agency now too so he breaks down a lot of that. I think. That's that's how we started things out so if you're an agency and you're kind of like Oh man Agency life well. Yeah that can be thing. But he's actually shaped it and he's given some resources and stuff on how you can do the same to podcast to called the content driven business. That's available at content driven business dot com his agency if you WANNA work with him on cold email and copywriting in the various services. That's at growth. Labs DOT COM with Zad. Check that out and we took on this role is taking notes and this one as always are is one that you're going to definitely need the notes on. It might be longer than normal. I don't know yeah. There's a lot of a lot of cool tactical stuff in this one. And if you text the word comp to funds plus funds plus s plus going or not Yeah but also give you the number just in case you're confused the phone number to text to his three eight four seven zero. That is three eight. Four seven zero text the word comp comp is what Matt said Matt sound like a Horn? They're calm Dot Com. That's GonNa say you sound like a cruise ship and now you sound like a honking. I Dunno duck Yes yes cartoon duck. He just stepped on the DOT com. Yeah there you go ahead so it sounds like if you text that number and the word to that number that is you will get the notes always good to. It's kind of weird comp. Two three four seven zero. Yeah you'll get them note so we're going to hustle and flow chart dot com slash comp comp dot com slash com. So you can do that. And this.
Oil falls 3% as Saudi, UAE plan for higher output capacity
"Saudi Arabia's oil company Aramco says he will increase production capacity to thirteen million barrels a day from twelve million per day the majority state owned companies announcement made on the Saudi stock exchange did not say when the capacity increase will take place Ramco says the decision to increase the capacity was directed to the company from the Saudi energy ministry the move also seem to make good on the country's promise over the weekend to increase output after Russia refused to cooperate on cutting production oil prices this morning are down nearly four percent of the U. S. at thirty three dollars a barrel off nearly a dollar
"ramco" Discussed on CNBC's Fast Money
"Largely unchanged in the after hours on C.. L. Staying with energy all right. Let's show the celebration that happened overnight. When Saudi Aramco Ramco its long awaited market? Debut in Riyadh. Hey go there. There was reason to celebrate as well. Shares rose ten percent by the way. That's the daily limit as much as they could in their first day of trading and that move gave Ramco a market value of sit down or stand up nearly one point nine trillion dollars but seven hundred billion more than evaluation of Apple. But that's it's nothing. Take a look at this chart. Saudi Aramco's market cap is now bigger by about half a billion dollars than all the key traded oil and gas companies combined. Together every oil and gas company is about one point five trillion in dollars Karen and Aramco's nearly two. Of course we know that Saudi Arabia wanted an even higher valuation. Would've got is one company. Company is one of those stats. Every every company combined in American oil and gas to take four of them are worth five. Hundred billion. Less than Aramco's one of those priced Karen or. Maybe both I mean maybe. US soil companies altogether collectively. It'd be trading higher that is gorgeous. Correct John Chevron it's not just a little guys because the market captured crushed by debt. That's the problem right so I mean if you're if you're bullish bullish and there's debt then the US oil companies you would think would outperform right relative to Saudi Aramco. This is what four percent of the I five hundred now the energy sector I think in two thousand eight it might have been thirteen percent. So it's you've seen the market cap of these companies shrink relative to the SNP in the energy sector actor overall has been a place since mid two thousand fourteen that you sent your money to die right. I mean the SNP's generated the total return since mid two thousand fourteen of positive seventy six ish percent and the X.. Down thirty percent tons of gain right exactly so I think this is a any any of marketing reason owning your own kinder- Morgan the only one I own just taking that percent yield right. I mean you got heavy. Insider buying enterprise transfer partners basically kinder- Morgan Clone but trade half the valuation. Some people would argue just because Kfi Kim organs in the S. and P. Five hundred and is not. Yeah we prefer Ken and Morgan. Huge `insider buying we like their their exposure to the Permian. They're getting paid to move stuff so explosive. IPO is a standalone alone. Sea of red for energy. Really it's obviously Marcus said worst performing sector of the year worst-performing of the decade. And check this out though. This is unusual. A very interesting divergences. This is happening. This is crude oil versus the X.. P. One of the bigger energy oil and gas use the EXO is down twenty percent this year. Crude oil though is up thirty percent this year normally they trade together not so this year. Let's find.
Global oil demand could peak in 2020, Saudi Aramco IPO shows
"Oil Saudi Aramco has a warning about demand more from Bloomberg Susanna Palmer Aramco says global oil demand may peak within the next twenty years that's according to the prospectus out regarding a ram because planned I PO which sites industry consultant I. H. S. market and a second perspective in the document suggests even a faster transition away from fossil fuels that suggests the views are finally changing in the kingdom which has long dismissed that notion is overblown U. Ramco share sale could be the world's biggest ever investors are expected to start bidding November seventeenth Susanna Palmer Bloomberg
Saudi Arabia formally starts IPO of oil firm Saudi Aramco
"We start this off out with events in Saudi Arabia after several delays it now appears that the crown prince Mohammed bin Salman has given the green light to the flotation of the country state oil company Aramco shares we offered in a portion of the company in what's expected to be one of the largest IPO initial public offerings ever the oil company is in its entirety thought to be worth more than one and a half trillion dollars and it's one of the world's most profitable firms Dr Alan wells is all through the book Saudi ink about Aramco she's president of transversal consulting that's a private consultation group on energy and geopolitics Ramco IPO it's going to be probably the largest IPO in history Aramco is as far as we know the largest company in the world right now by of market cap we haven't received the full financial yeah but what we do know is that two thousand and eighteen the company made a hundred and eleven billion dollars in profit which is more than any other company in the entire world and so that gives a sense to us you know to interested parties of just how profitable this oil company is and it's not particularly profitable when you look at it in comparison to the other oil companies that are out there today one is using the Saudi crown prince is doing this now well that that's a big question and the reason is that they're giving is that they would like to essentially monetize their shares in Aramco and then to use the money from the IPO not for the company typically when a company you know goes public if money is is reinvested into the company or at least some of that money is with us into the company in this case it will likely go to you the Saudi government date indicated that they're looking to put this money into their sovereign wealth fund and they use it to make other kinds of investments men's in the energy field goal beyond that well exactly there's they think that they're looking to make investments in technology for our and in sectors that are outside of the energy world even to diversify thirty really the company though it's questionable whether it hi the best and that the sovereign wealth fund has pursued so far are really doing anything to actually diversify the Saudi economy because there were attacks on the ramp facilities in September do you think they've had any influence on today's decision absolutely there's this attacks were a major major issue and have certainly called into question investors buying he it stability of a ram close oil infrastructure on the other hand very quick and effective response from the company in basically working around these issues and getting or production back up it's safe and effective ways really does show the incredible yeah of the company and its ability to respond to situations like this now the truth is that did it people who study the company who who does Saudi Arabia understood that this was a wreck at Aramco is clearly aware that these facilities were at risk and hide the tuition in our in play to work around Dr Ellen wolves the author and consultant speaking to me from do you bind of on a you had a thought just quickly first the MBS that the Saudi crown prince have a vision of twenty twenty to modernize the country on the east coast that they specify its resources so the official line is that this is going along with the vision and they don't want to rely on always completely full of that income so that sound great the only reason why now I can think about is that when Iran attacked old when allegedly Iran attacked the I'm closing at it was an attack against Saudi Arabia but once you open shares of arm cool two oz is on non sold the allegedly in city than Iran is not just attacking Saudi Arabia so it is a look at the patterns which can stop the Iranian from attacking the good the company
"ramco" Discussed on KGO 810
"This exercise is complex. great detail to say. I double dog dare you. my point is. is expired. Jack Armstrong and heroes. and now he. Armstrong. studios. the dimly lit room where. the on strong. the general manager. the most profitable corporation. the Saudi oil company Ramco Aramco. with the. on the ground floor. USA today US dependence on Saudi oil is at an all time low. as. back in the day this. on Saudi oil huge deal for a. now. yes we've been selling a military stuff forever. military problem I had that same question. the. we sold you the best find more than usual. on the other hand you know they've they've.
"ramco" Discussed on News Radio 1190 KEX
"Coast to coast Jonathan the mortar with us the attorney Jonathan this a verdict of course in Oklahoma was a jury or just the judge yes the judge. and it's it's really if you read that decision I commanded to people it's very well done he will methodically goes through an enormous quantity of evidence and dozens of witnesses hundreds of of of of exhibits that were just damning against the pharmaceutical industry and particularly Johnson and Johnson and Purdue pharma the Johnson Johnson subsidiary Ramco is is the one it has it has really a lock on opioid distribution all the other drug companies. so they were just you know. is intimately involved in this whole. promotion scam and the consequences really the blood is on all of their hands this is horrible and also today California vaccine bills for styling the by the governor there were protests in the rest of the capital can you tell us a little bit about this. well governor knew someone back and forth and back and forth on the house and he appears to have been affected by those protests but nonetheless he he's. then over backwards to support the bill in the end by allowing its principal features Tramaine in place so a physician who provides five or more medical exemptions from California's mandatory vaccination bill now come under greater scrutiny in twenty twenty and on by public health authorities in and California and this is really the brain child of center Richard hand who essentially wants no exemptions at all and by elevating the scrutiny of physicians on the remaining the sole remaining exemption he will largely achieve that objective this is it an old regulatory technique that you intimidate the the practitioner by putting them under scrutiny no doctor wants to be under scrutiny for giving out exemptions and have the potential of loss of their medical license so Jeez you know so they're not going to that large lead is going to close down the medical exemption in California California we had when the therefore the rights of the parents to decide if they want their kids back city or not so I'm gonna happen is. right you end up with if you if you really don't want to have your child vaccinated you're either going to have to home school your child or vote with your feet and leave the state this is California's become the most draconian of all the states in the union on this issue and there's no tolerance whatsoever for dissent despite the absence of really any effective scientific evidence that these people who are getting these exemptions which represent just a small fraction of a percent of the people in the state children in the state they're they're they're being persecuted they are you have achieved ninety five percent vaccination immunization rates in California and and and that was said by pan originally to be the herd immunity level yet they're not satisfied with that they want to drive out of existence want to punish the small percentage less than one percent of families with kids in California who are availing themselves of the medical exemption let's take some calls Kathy in Allen park Michigan welcome to the program hi Kath. hi George I'm a first time caller I'm very nervous I have just two questions okay by the way I used to live in Taylor Michigan I bought my first house there when I was twenty one years old yet her to talk about that on the radio there but yeah go head first question is what does he think about the law in Michigan that grants immunity to pharmaceutical companies by not allowing Michigan residents of sue big pharma if they or a loved one is Hamar killed by a drug that was approved by the FDA. let's do that one first John go ahead well that sort of thing is ridiculous because of course whenever you deny people the right to protect themselves against injury through the use of the court you're taking away a fundamental right that has been with us since we inherited those common law rights from England that that's an outrage no state should tonight citizens the right to sue a pharmaceutical company you know the federal government did that in the case of vaccines George yes they did protected up yeah and that's that's it there's just so much corruption here with government actors and big pharma they created the monopolies no these are government created monopolies through the very system of drug approvals in the United States there shielded from competition they don't you have to police their own markets the FDA does that for them. it's it's. it really is a classic example of what. the administrative state has done to destroy individual liberty in this country thanks for your second question cath go ahead okay I will say we are the only state in the country that house out or anything like that the second question was what if you think about former FDA employees going to work for drug companies that the once over for when they work for the FTA files FTA our government there's that those former employees have been bought by a big farmer while they were employed by the FDA. you know with the promise of a higher paying job yeah all may be Jonathan you touched on that a little bit earlier right with doctor Curtis right on Purdue pharma oxycontin yeah this is this is gross I mean this is a an example of government corruption it shows you just how in bed together these drug companies and the and the and they're and they're supposed to regulators are if you know when you're regulating a drug companies product that you have a prospect of employment with that company did you not think that that's going to alter your sense of how to deal with it we know over and over again from whistleblowers going to Capitol Hill that time again FTA has become the mayor Patsy of the drug industry and has ignored adverse medical information in the drug approval process this system is so corrupt in fact that the FDA that I think the best solution is to by statute or eliminate the FDA and instead have a drug approval process that's blinded done at the universities that are equipped to do independent testing a lot of people don't realize this to determine safety and efficacy of the drugs a lot of people don't realize this FTA does no testing whatsoever of the drugs that are approved relies entirely on the drug companies themselves to provide surveys and studies right sure and so you've got a conflict of interest that's inherent their everyone winks and nods in a over looks any safety issue because the drug industry if the drug industry doesn't present the safety issue it has with drugs to the FDA the FDA assumes that there is a safety issue when the when the drug industry presents a application for approval they've done their own testing they selected the test to present. FTA frequently does very little in assessing independently the drugs in fact as I said they do not own independent testing and they rely on the content of the application alone. to be sufficient unless they have a specific and profound bit of evidence to suggest otherwise and even in those instances even in instances where there's no proven efficacy the FDA commissioner frequently over rules the medical reviewers and approves the drug anyway hi Kathy thanks and you did a great job no need to be nervous next time let's get a first time caller Lloyd in Maine welcome to the show hi Lloyd go ahead Sir. well look well. smaller groups how can a couple things I've been great. hydrocodone and three twenty five for about nine years now are you detected do you think well you know what. yeah I mean noted Yardley yeah I mean but if if in my opinion. all of all of them I think that the bike it in which is basically that is what that is hello grant like it and I think it's less are less addictive than the auction code on oxycontin and any others with all the important thing to Lloyd is just to restrict yourself to the minimum everyday though that you use such so don't don't pilot on I have a friend of mine piled on and he's not here anymore yeah yeah I had a friend that turned to her own because the doctors cut him off and I that's what I what I really love the lecture notes. having been in the system for so long I really see doctors are really the ones to blame not so much the pharmaceutical industry as it is doctors because landing you know for bait right from the get go I felt like I was being treated like a criminal and you know if if if by the end of each month at seven PM management collide well sort of lettuce and problem I also if you know the end of the month that follows running the ball on my prescription or OR one ran out. it became a separate afraid hello because they would immediately walked the jump the gun and push for stronger drugs one really what's needed I think is you know of. yes therapy in all the. and into somehow try to wean you off as as you know you can't stop cold Turkey that's just as bad right and and what they end up doing is just cutting people off and let them go and the only you know whether it's the addiction or the pain or old the only place that the turns to the street in St and Harlem and. how much is your our prescriptions a month cost you. well it all depends what I go through but if it were the top of my lungs probably about a hundred and forty dollars a month yeah yeah and for a lot of people that's that's a lot of money Lloyd thank you for sharing that with us and having the guts to tell us about it's not easy John. no it isn't and you know high Viking in is a combination of hydrocodone and acetaminophen and it is a dangerous drug and unfortunately when you have unremitting pain like your caller has you've got to get relief from that pain but what what needs to be explored in every case is the alternatives to to the to the to the opioids so we mean people from opioids keeping the does slow weaning people from opioids in instances where it is possible to use other options those other options on to be applied in use but it requires a very conscientious physician who's willing to devote the energy to research and then also apply the strategies and it requires cut a willingness to do that on the part of Tatian of course one good bit of information I mean this is where the the federal government I think is getting it right in two thousand seventeen April HHS secretary Alex ETS are adopted a five point strategy to combat opiate the opioid crisis and then just recently the president has financed a large amount of it and in two thousand seventeen he's finance more with a focus among other things on treatment options and give huge amounts of money nine billion to the states to to focus on prevention treatment and recovery services so there is hope here there there's there's money in the in the pipeline for this a lot of the drug companies that were a part of this whole racket have tried to save their reputations by developing alternatives and by also focusing on expansion of drugs that are designed to treat overdose. and save people from from overdose the people who are on.
"ramco" Discussed on Power 105.1 FM
"You can do this row with unbeatable gas mileage really can go further you deserve it i think i'll get to a b._p. ramco station today invigorate optimize renders performance from the harmful effects of deposits caused by minimum fuel continues depending drive in drive on medicaid how would you like if you care gave it was your daughter your son your grandchild or close brain if you are on medicaid care can help you hire the caregiver of your choice and that caregiver we'll get paid all of a sudden eight seven one eighty five twenty two and talk to freidan care about having your friends or family take care of you and get paid to do it no more worrying about getting care from an aide at an agency three care helps you choose who you want to take care of you and that person gets paid calling freedom care at one eight seven one eighty five twenty two that's one eight seven one eighty five twenty two to enroll in this program now and magin choosing someone you know actress to care for you and get paid to do it that's what freedom care is all about be you decide who takes care of you enroll now by calling one eight seven one eighty five twenty two or go to freedom care in y. dot com Three. ready to turn another to do list into a done list at b._j.'s you'll save on everything you need to celebrate the fourth right now b._j.'s has big juicy whole watermelons for three ninety nine each you're there for them we're here for you b._j.'s live generously the best deal in wireless yes i must confess metro by t. mobile is the best switch now and get to lands for eighty plus two great phones for free with a huge screen so you can see yet it's too amazing samsung galaxy and now i'm really feeling like it's kinda crazy oh 'cause metro has amazon prime included so let it flow the best movies best songs at free all day long so to lance for eighty amazon prime in two phones for free yeah baby it's the best deal that can be from the get-go and it's only metro yeah it's good to be at metro two minds for just eighty bucks with amazon prime included plus get two free samsung galaxy j seven scar phones only at metro plus sales tax not division fifty dollars plus rate plan acquired not valid for numbers currently on t. mobile network on metro and passenger days offer subject to change offer valid for new amazon prime members amazon prime has a twelve ninety nine per month value restrictions apply see store for details and terms and conditions that indeed we understand that when it comes to hiring it's important to have a large talent pool that us from but sometimes too many good options can be overwhelming that's why indeed doesn't just give you access to a large pool of job seekers we also offer screener tools that let you instantly narrow down your search hone in on hiring within deed experience indeed for yourself today and get a free sponsor job of great on your first posting and indeed dot com slash promo terms and conditions apply you don't seem like the type to pick up hitchhikers but your shirt chested thousands of tiny itchy sneeze inducing hitchhikers that's right your close can bring pollen and other allergens into your home every day so if you've got allergies checkout l._g. laundry appliances featuring the allergy cycle and for those with sensitive skin combine your lt washer with high hypoallergenic tied free and gentle detergent free from dyes perfumes this powerful duo can help you be home free learn more at l. dot com don't you today is brought to you by the law office of michael s lemus off don't be a doggy downtown to fifty on your cell and fate of bull if you've been hurting the construction accident death pound to five from yourself and say the.
"ramco" Discussed on Power 105.1 FM
"Gotta see don't miss annabel comes home now playing in theaters metropolitan college of new york and help you achieve your professional and personal goals get on the fast track to advancing your career visit their bronx campus open house this thursday june twenty-seventh and on saturday june twenty-ninth at their manhattan campus learn more at n._c. n._y. dot e._d._u. no gas it's better mileage than amicable invigorate to help you remember we brought in a motivational speaker don't just talk about it be about all right is only available at b._p. and emiko stations go further you can do this with unbeatable gas mileage you really can go further you deserve it i think i'll get to a b._p. ramco station today invigorate optimize enders performance from the harmful effects of deposits called minimum fuels continuous depending on what your drive in hydro if you're on medicaid how would you like if you care gave it was your daughter your son your grandchild or close friend if you're on medicaid we don't care can help you hire the caregiver of your choice and that caregiver will get paid all seven one eight seven one eighty five twenty two and talk to freedom care about having your friends or family take care of you and get paid to do it noble worrying about getting care from an aide at an agency care helps you choose what you want to take care of you and that person gets paid call freedom care at one eight seven one eighty five twenty two that's one eight seven one eighty five twenty two twin role in this program now imagine choosing someone you know trust to care for you and get paid to do that's what freedom care is all about helping you decide who takes care of you in role now by calling one eight seven one eighty five twenty two or go to freedom care in y. dot com Three. hey frank writing a letter yep we're scientists marie and it's time we put h._i._v. officially on notice there's no cure but science has created powerful medicines that can help fight the h._i._v..
Drake Drake, Toronto Raptors And Raptors discussed on Afternoons with Marcellus & Kelvin
"To the NBA. We were just talking about clay in Drake. Well, apparently, the NBA spoke to the Toronto Raptors during the Eastern Conference finals about Drake's activity and presence on the sideline a league spokesman told ESPN's Michelle Steele last year. The NBA warned the rapper who also is a global ambassador for the raptors after a confrontation with then Cleveland Cavaliers center, Kendrick, Perkins friend of these Donald show, by the way, not drink Kendrick during a playoff series between the raptors. And the cast do you believe we have seen the last of the history onyx of Drake? No, he can't help himself. Right. I mean, like because you would think of guy. Drake who has as much access to blank as he has would experience been there done that. And if anything he's gotten worse, like the more famous Drake has become and the bigger star that he's become. He's more out of control of these games is, and especially to that. I mean he's a real fan give him credit for that, like he's a legit raptors. But easy though the raptors. He's never wavered. No. But can you be that big of a fan a superfan win? It's pretty clear you'll jump onto other teams jumps on other teams in other sports. But in, in basketball, he's very much, maintain his raptors fandom. I still think though, there there's got to be a point, though, where Drake needs to settle down. He's got to settle down. Too much fun. I think it's fun. I like now if it was Mark Cuban and owner that's a little different. This Volmer goes wild to love it. I like boomer going different study because bomber doesn't leave his seat, but he's going. But when bomber does that, that just seems like bomber being bomber just being this oughta Drake being drill Drake Drake, as hamming it up. Yes. Drake wants to be seen, like Drake wants to be a part of all this. You know, I mean, I think Drake is in a lotta ways living vicariously as a raptor, doing all that. I mean he's the guy that loves to get in. They were just as living vicariously as Ramco. No, no. But like, you know, he's the guy that loves to do the layup line with, like the Wildcats. Like there's a part of him that wants to live the NBA life. Yeah. And he's living vicariously through the raptors. Like you gotta feel pretty comfortable with that team to give the coaches shoulder. Rub.
Aramco Hype Meets Reality as Bonds Drop After Unprecedented Sale
"High would you describe the movement in around coz bonds is it a faded move or slump? Well, if you look at the prices all all the five maturity's during lower than new issue price and have one investor see that these may not have been the best way to start a bond market relations stopgap amok, its relationship bond investors. So some investors. Disappointed and why did once fall? Well, demean reason is because they were too expensive because of the strong demand diminished a price the deal at yields double-o it into sovereign. And so when you like the recent self-insurance theories that around coast vaughn's phone vol. And also some of the investors actually inflicted on in hopes of catching slice of crowded deal. And because some of them actually ended up getting more than what they want it. So they were selling these success holdings democracy on the other hand some to totemic difference folios. So they ended up selling points as well. Nettie Tracy Alloway here in Hong Kong. It's good to see you this morning. I gotta ask what is the outlook for around co pans going forward you've got supposedly eight billion dollars worth of pent up demand. Is this going to be a good time for those investors who are locked out of the initial sale to actually come in and buy. Investors, if you speak to investors, you know, it's a very missed because it depends on whether you're comparing co-sponsors with the sovereign or Pia such as EP a few compare around close bonds with BP's and BP has a rating of eighty one as well from Moody's just like Ramco around whose bonds to offer you'll pick up, but Durham any reasons why investors want to compare co-sponsor a sovereign because of the interlinkages between two sovereign and the company you look at the bought members about half of them aren't government officials, and yet, you know, to quasi sovereign is trading at heels are lower than the sovereign debt, quite
"ramco" Discussed on Bloomberg Radio New York
"At this time, we get together for looking a hedge funds and asset management and Peggy we are talking this week about a monster bond offering, and I do mean monster it was giant this weekend here to tell us more about what it involved is Molly Smith, she's our Bloomberg news corporate finance reporter, Molly, can you tell us. I what is the Ramco Aramco is Saudi Arabia's state-owned oil giant. So this is this company produces one in ten oil barrels in the world to give you an idea of just how much of the oil market, they control and lots and lots of money a lot of money. Yes. This is about three apples worth of money. If you can put it out company, apple the food exactly become ratings. She has four this. This is is it just to get your head around these numbers on when people were trying to compare this company to see like, what should it try to price against when we're looking at is offering because they've never come to the debt market before. And there really is no predecessor for a company like this generates the profit and earnings that around the debt market. So this agree question. And it's also something that one investor told me, which I love this, quote is that investors love to lend money to people who don't need it and Anco is a great example of that. You would think if you're generating like two hundred plus billion dollars a year in earnings why to you need this money, but this is largely seen as a plan b for the kingdom after delaying Aramco's IPO. So they were meant to go public last year that didn't happen in the wake of the killing of kashogi and some other international maybe concerns with the. Saudi kingdom the Davos in the desert with many banking executives pulling out of that last year. So as as monster as this bond offering is it's kind of like a baby step onto the process of issuing stock. It was a huge comeback really for the amend him may make head roads into the western world, really for the for the Saudi kingdom. So now that you know to see that you had such widespread investor reception of this deal, it probably gives you more confidence than when. And if that does come around. So Molly we've been saying it was huge. But how big was it? So I think what would be more huge in the sense of the demand for the deal rather than the size itself. So they drew in orders of what they have been marketing as more than one hundred billion dollars at the peak of the order book, which is would be about like more than six times worth what they actually ended up selling this deal came in at twelve billion dollars in size. So that's pretty remarkable. We never see subscription. Rates that high. If you see something that would be like three times covered. So on a toll billion dollar book to get thirty six billion dollars orders that would be a lot. But to get a hundred billion dollars orders of a twelve billion dollar size is unprecedented. What are these things yielding? So these what was also remarkable. Then in that sense is that these were able to price cheaper than the sovereign of what I mean by that is that we should price down the traveling inversed, they're inversely proportional to correct. Yes. So we rarely if ever see a company able to borrow at a cheaper rate than its own country's government. And in this case Aramco was able to do so that they were able to price these bonds at a lower interest rate than what the Saudi Arabia government borrows at which is pretty remarkable, Molly, what is your reporting showing in terms of how much of this is about investors view on the oil market going forward. And how much of it is about what John was asking about that that yield that search for yield. I think it's more the latter. And also just diversification of your portfolios that this is now a mass. Give name in some bond X's with a lot of debt tied to it. And you've never had exposure to this company before maybe this country before and that this is when you're looking at the financials again, I mean, this looks like a AAA credit by at least what Moody's has defined it as so it's a pretty remarkable in that sense. And I think that's really what what more like investors are taking that view that this is like such financially solvent and strong profile comparison sakes, Peggy if you go to the the WB the Bloomberg you can look at ten year German bonds negative, yielding, Switzerland negative yielding Japan negative yielding. So in the search for yield anything that's positive. I guess is. Well, in demand exactly that's what we wrote about actually last night that this really that was also a huge driving factor. Probably as well that there's. Now, what it believe its ten trillion dollars worth of negative yielding debt in the world right now, which will what are you supposed to buy making you money? Give them money. Right. Exactly. So in in that context. Absolutely. This was on. I mean, anything positive is. It's a positive move up the IPO day, then I don't have that incense from my reporting right now. But I would imagine that it definitely gives the Saudi Arabia kingdom pobably some confidence that investors have short memories. And that the incidence of last year are clearly not on people's minds this week when pricing bond, so I would think that that bodes well for one. And if he does come Molly what about the risks? Well, that's wondering to another investor who is saying to me that this company has no ES or g to it. But then he can we saw like I said a lot to mand for these funds. And of course, we're still looking at the events of last year, which no one is discounting or disregarding. That more than I believe it was three quarters of his bond sale price in the longer maturity ten years out. So that's not only saying that you have whatever confidence in the Saudi Arabia kingdom in the government for as much as thirty years from now. But it's also oil if thirty years from now, which could could you even tell me what I was going to be thirty days or now little in thirty years that is a huge bet right there as well in another risk that investors will have to be mindful of electric cars, but who's who's buying this stuff, mostly institutional audience, and that was because of how it was marketed. So these bonds were sold in such a way that only what we call qualified institutional buyers eligible to buy them as opposed to like ETF's, retail funds mutual funds that kind of thing. So we're still looking into see where the biggest allocations went which are reporting right now. That's something that we're looking into. But so far that is the indication that we have Molly. Thank you so much for your great reporting this week on the giant Aramco bond. Sal, thanks bag. That's Molly Smith, Bloomberg news reporter in New York. Just ahead on Bloomberg finance ATF's that are not transparent..
"ramco" Discussed on 1170 The Answer
"A couple of young woman. It's amazing. The will of that thirteen year old girl to survive and escape. That comes from the hope and the prayers in this community. Jake Thomas Paterson was arrested Thursday after class was found near Gordon or Patterson lives. According to the sheriff's department that suspect was searching for Klaus when police captured him. They've also apparently recovered the gun used in the murder of her. Parents President Trump says he is not rushing to declare a national emergency at the border after days of threatening an emergency declaration to bypass congress on the border wall. The president is tapping the brakes he says he's not going to do it so fast. He calls it the easy solution. But once lawmakers to act instead it's to. And congress. She does this even so the president says he may be forced to use his executive power. If congress doesn't act I have the absolute right to do. Greg. Clugston, washington. Meanwhile, eight hundred thousand government workers received nothing in their paychecks today. Maggie a furloughed agriculture department. Employee says she's been trying to find ways to stretch your money while not being paid during the government shutdown. I'm also s with the is if I can delay painting my daughter's twenty seven hundred dollar racist Bill, so and he's great. And maybe he'll say, yes. But then he doesn't get paid. There's no sign of movement on the issue either from the White House or congress on Wall Street today. The Dow Jones industrial average down by six points to twenty three thousand nine ninety six the NASDAQ fifteen the SNP lower by one dropped a dollar to fifty one fifty nine a barrel. More on these stories at townhall dot com. This report is sponsored by Ramco mortgage. Now, here's the is real estate and mortgage analyst near on our consumer and producer prices decelerated sharply in China last month, providing further evidence of a major slowdown in the world's second largest economy..
"ramco" Discussed on WINT 1330 AM
"Five so I those are the things that and and and I just kept getting this half summation from mediums and said, look this thing with you guys your soul family. This is the one forever this. You're gonna quit that fear. I didn't even have to say I had know that's heroes of him. Not being there isn't gonna happen. So three times a month. You know, I'll get up at three o'clock in the morning and then dragged my buddy in the office and and run through my routine my game routine, and he comes through with messages. You know, the last was. The university of this other of is crossing. You know, Ramco message talked about his friends being there and relaxing, not worried about the outcome in law. But you know, those kind of things that you were saying so that comes all the time. And you know, I still I go to mediums I went to Thomas shot and Thomas like Mickey Mantle of chino. And and. He was. Dan, medium, he was 0 center a couple of times over so she alien shot over there on a Saturday night, seventy five people. When I seventy five people have he kept talking about the family. He he was on the other side of the room, entrusting overshot. And there's this family that keeps picking up members. My wife looked at me like, you know, those hooligan mcquillan's are back again, you know. And and finally, he should all right. Who's got an older, brother? Jerry. I raised my head. He should who's got a brother who died early in the seventies. And he should okay. These. Cheeser niece. She's here and your son Christopher's here. It is making bunny ears behind your sister. Patch? Now, he just mentioned members of my family who've crossed by name he missed one and the playfulness of my brother to mess with my sister, Pat,.
"ramco" Discussed on KDWN 720AM
"A plan to reopen the government without funding President Trump's border barrier. But the Republican led Senate has so far claimed to take it up. In fact, following President Trump's primetime Oval Office speech. Senate majority leader Mitch McConnell said President Trump's proposal quote, suits, the reality on the ground along the border of the Trump administration. Meanwhile, says benefits under the supplemental nutrition assistance program also known as food stamps or snap will be funded through February should the government shutdown. Continue agriculture secretary sunny produce asking states to issue the February benefits on or before January. Twentieth. That so they can be paid to the nearly forty million Americans in the program. Snaps already fully funded for January. The Trump administration announced its plans as the White House worked to limit Republican defections on spending bills in the house this week a lawyer for a college student who was sexually assaulted at a fraternity date night party and then driven. Across campus and assaulted again as asked a US appeals court, hold the public college liable lawyer, Patrick Whelan argue that Ramco college of New Jersey created a dangerous environment by failing to monitor fraternities five former students, including a woman were charged with taking part in the videotaped attack in two thousand fourteen two of the men charged pleaded guilty to sexual assault. They were sentenced to about five years in prison the other three entered pretrial diversion programs now prosecutor said to sailings play the game rock, paper, scissors to decide who would sexually assault. The heavily intoxicated woman. I and police in California say they've arrested a middle school student who was planning to carry out mass shootings at two Napa schools. Napa police said this week they thwarted the plan to tax on river middle school and vintage high school thanks to a fellow student who alerted authorities. Investigators arrested the fourteen year old suspect January second after they. Searched a couple of homes and found evidence that he was researching and planning a mass shooting. Now, the student remains in custody and the student has not yet been identified by police. Well, New York City mayor Bill de Blasio says the city will spend up to one hundred million bucks a year to expand health care coverage to people without insurance including immigrants in the US illegally. The new program guarantees healthcare for the estimated six hundred thousand New Yorkers who currently don't have it mayor de Blasio making the news and the announcement yesterday. Healthcare is a human right in this city. We're gonna make that a reality in this city. We're picking that ideal and putting into practice from this moment on in New York City. Everyone is guaranteed the right to healthcare. For those who can afford something they'll pay on a sliding scale for those who can't afford anything care will be for free when this is fully implemented. It will be the most comprehensive health system in the nation. It literally means all eight point six million people will have some form of coverage and will have access to healthcare both physical and mental health care. There's no place in the country. That has yet reached that goal. We will reach it here. It makes us very proud as New Yorkers the mayor said the plan would encompass primary and specialty care as well. As maternity and pediatric care and.
Coats calls Russian efforts to intervene in U.S. elections 'pervasive and ongoing'
"From townhall. Dot com on Peter's, security officials say Russia poses a continuing threat to American election. Amid complaints the White House has gone easy on Russian efforts to disrupt. American elections a platoon of security and intelligence officials, told reporters we're aware of the threat and we're. Pushing back we continue to see a pervasive messaging campaign by Russia to try to weaken and divide United States director of. National intelligence Dan, Coats says the effort isn't as robust as it was two, years ago but cautioned you just click away from becoming so national. Security adviser John Bolton claimed Trump warned Vladimir Putin about interference at their meeting in Helsinki the one in which Trump appeared to accept. Putin's denials I'm Warren Levinson four law clerks to retiring supreme. Court Justice Anthony Kennedy are praising high, court candidate Brad Kavanagh as a fair minded and conscientious successor the former clerics and a letter Thursday to Senator Chuck Grassley the Republican chairman of the Senate Judiciary committee and Senator, Dianne Feinstein, the ranking democratic member they described. Cavenaugh as supremely qualified, Grassley says the amount of documents already amassed on cavenaugh the. Most ever one of my researchers said that maybe compared to the last. Five supreme court nominees it would be more than, all of them added together Kevin is facing fierce. Opposition by Democrats because of the possibility of Roe versus Wade being overturned White House press secretary Sarah Huckabee Sanders is refusing. To distance yourself, from President Trump's assertions that the news media is the enemy, of the American people Sanders was pressed on the question Thursday by. C. n. n.'s Jim Acosta I've addressed this question I've address my personal feelings I'm here to speak on behalf of the president he's. Made his comments clear the car fire near Redding California has. Now claimed six lives and destroyed some, one thousand sixty homes and is the sixth most destructive wildfire in California history more on these stories Is at townhall dot com This report. Is, sponsored by Ramco mortgage now here's the answer is real estate. And mortgage analyst as expected the fed less short-term, interest rates unchanged on Wednesday following their two day monetary, policy meeting the fed statement use the word strong several times to describe the economy's performance business investments household. Spending and the labour market meanwhile mortgage. Rates were. Unchanged with conforming no point thirty are fixed rates averaging four and a half percent and fifty as closer to four percent. Now for something completely different did you know that many skyscrapers in Hong Kong are built with a gaping hole in the middle of the holes are to allow the dragons from the mountains to pass through them to reach waters as dragons are believed to.
"ramco" Discussed on The Smart Passive Income
"Pat i mean this sincerely i love surfing as much as you love back to the future james ramco on the show this today from super fast business dot com a passionate surfer but also passionate about working less and making more and helping people like us alern how to do the same so make sure you stick around this is gonna be a good one welcome to the smart passive income podcast where it's all about working hard now so you can sit back and read the benefits later and know your host he believes that sometime in his lifetime he'll see a human land on mars flynn hey guys what's up thank you so much for joining me in session three hundred nineteen of this more passive income pike as my name's paths lynn i'm here to help you make more money save more time in help more people to an on the show this we have my good friend james schramm co from super fast business somebody who have known throughout the years as somebody who's just been crushing it online but only recently in by recently i mean the last couple of years we've gotten to know each other pretty well in person at different events we've been speaking at and i swear whenever i see him speak on stage i am just just focused on what he saying because he's teaching me so many things and i wanted to bring him on the show today to teach us so many things he's also the author of a new book called work less make more and he's going to teach us exactly how to do that today so without further ado here's james shrimp go from super fast business dot com and the super fast business podcast james schramm go welcome to these smart has been compiled cast finally you're here i'm so thankful.
Saudi Aramco international listing looks increasingly difficult
"As well so one to watch tracy as we continue to see i guess these japanese political developments way into the japanese currency as well tracy joel's markets really wait and see mode there ahead of the us inflation data something else that we in the region are waiting for president trump is going to welcome the saudi crown prince mohammad bin salman to the white house next week as international competition continues to build a head of that saudi aramco listing but of course we also had some reports saying that the ipo might now be delayed until twenty nine thousand nine for more let's turn to ceo and founder of kamar energy robin mills robyn thank you so much for coming on always nice to see you we talk about saudi arabia losing face if it doesn't go through with the listing but i have to ask at this point i i'm sure you remember this wouldn't be the first time that saudi arabia has shelved a big initiative right you remember the gas initiative from i think it was one thousand nine hundred eight and that was quietly cancelled some four years later so could that happen with the saudi aramco listing well i think those two cases are kind of similar and different and the the master gas initiative of the of the late nineteen seventy two thousands of ramco never wanted to do that and bitterly fought against it it was initiative from the top now this initiative on the pill for i'm cuckoo is also driven by the tall but yet it concerns around very much and i think you know that's been dance within aramco about doing the listing but on the other hand of course the senior leadership is is very much an has to be very much on on border that but i think the problems and the challenges of doing so become increasingly empowerment and and hence these delays with set for a while that it's unlikely to happen this year so what are the challenges and why delayed do you think they just underestimated the time well i think the major problem is not having the listing venue now dan and until they decide on reserve so auditing requirements on accounting procedures on coming up with.
"ramco" Discussed on CNBC's Fast Money
"The bottom line is certain countries simply cannot afford not to palm even saudi arabia who presumably can withstand to break its concerned about giving up market share to the shale players who by the way have taken them all and run here so right now this is a simple supply and demand story output continues to rise in demand isn't moving up to meet it still market veterans tell me don't count opec out they know just had a job on the market right when they need to now yesterday's elevations of the saudi deputy crown prince to crown prince i e heir to the throne probably not a coincidence after this oil price drop close to forty the new young crown prince works closely with energy minister and is also known to be the engineer behind that ramco ipo so opec may not have lost the bad may have lost his battle but the jury still out on if it's lost the worm melissa are jackie deangelis thank you so with us production and high year and membernations pumping and furious raises opec losing this war for oil monies can dennis garbin's got the answer for us dennis what do you think mean oils trading levels pre all these recent opec cuts well there there is obviously good reason for to occur as jackie just said libya's producing more crude oil you got nigeria producing a lot more crude oil we are clearly producing more crude oil now than we ever have and we will be producing more six months from now and a year from now than we are producing now and the problem shelby with the fact that uh the new saudi deputy the new saudi crown prince a very smart guy and a fellow that we need to keep our eye on because i think he's going to be one of the most important people of the next twenty years.