17 Burst results for "Renita Young Bloomberg"
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Dot com slash GA. Up first reaction still rolling into yesterday's hot reading on inflation and their speculation that the fed's next move may be a 1% rate hike. Cleveland fed president Loretta mester says there's more work to do to cut inflation. Job one for us is to get inflation under control. And I say that knowing that the risk of recession have gone up. But that's part of what we're trying to do is normalize or moderate demand because if we don't do this, we're going to have many more problems in the economy going forward. Cleveland fed president Loretta mester made the comments to Bloomberg's Kathleen Hayes. Now earnings season gets underway today, Karen is big banks open their books for the second quarter. Bloomberg's Jeff Bellinger has more. Analysts say that overall the numbers from the financial services sector will likely be lower by comparison to the very strong results from a year ago we'll hear from JPMorgan Chase and Morgan Stanley this morning, Bloomberg intelligence, says JPMorgan's market leadership position support profitability and long-term growth, a profit of $2 92 cents a share is predicted. The forecast for Morgan Stanley is for a profit of a dollar 57 a share, Jeff Bellinger, Bloomberg daybreak. All right, Jeff, thank you, well, as recession fears grow on Wall Street one top executive said the industry will be able to weather the storm and Bloomberg's ready to young joins us live with more good morning ready. Good morning, Karen. IBM CEO Arvind Krishna says he believes business technology spending will remain robust above GDP growth, including in Europe. This following pessimistic sentiment from others in the industry. When you look at supply chain, inflation, level demographics, interest rates, technology offers you a way to scale without necessarily increasing costs that are linear or what's the linear. IBM CEO Arvind Krishna does say, however, supply chain problems will last a couple more years. Live in New York, I'm renita young Bloomberg day break. Okay, we need a thanks to turning to politics, President Biden signs a joint declaration today with Israel's new prime minister to provide billions to the Israeli military. The president visits Saudi Arabia tomorrow. Things you need to know to start your day brought to you by interactive brokers, futures are lower this morning straight ahead your latest local headlines plus to check out sports and this is Bloomberg. Thanks Karen 6 33 on Wall Street 72° in Central Park. Got a crash on southbound Harlem river drive at a 145th, but better news for rail riders this morning, Michael Barr has that and more on what's going on in New York and around the world. Good morning, Michael. Good morning, Nathan and Rio commuters are saying welcome back old friend New Jersey transit as resumed service in and out of New York City. It was suspended earlier this morning because of overhead wire issues, buses and the path train and a stop that cross honoring stuff. Two more shark bites happen within hours of Long Island yesterday, Suffolk county executive Steve alone called it the new normal. They've always been here, but they're close to the shore now. Boulogne says in one attack, a surfer punched the predator. It was knocked off his board and then saw this shark coming back around towards him. Suffolk county executive Steve alone says both men suffered non life threatening injuries. It is the third shark attack in ten days off Long Island. The New York City council called on mayor Eric Adams and the Department of Education to halt school budget cuts they say will result in the city spending less on each child. Last month, the city council signed off on the $215 million budget cut in passing Adams 2023 city budget. However, in a joint letter, council members say they were misled when the atoms administration said the cuts would be fully accounted for by declining enrollment. Mayor Adams announced the opening of a short term treatment center in The Bronx that will provide New Yorkers with mental health and substance abuse issues immediate access to services. Adam says for decades the city has relied on NYPD officers to respond to mental health crises and offered few alternatives to emergency rooms for people in crisis who are seeking help. They go to come and they're going to walk through the meditation room. They're going to come and have a place where they can get their medication if needed. They're going to come and get three meals a shower, a place of sleep, just to deescalate your crises. Instead of having to call the police to respond and that blue uniform sometimes can activate the situation instead of deescalate the situation. They are Adam says mental health crisis is not a crime. It's crime not to give people the services they need. A Manhattan bar has agreed to pay a half $1 million to current and former employees who claim managers provided a hostile and discriminatory workplace. The attorney general's office says managers at sweetened wishes in nolita subjected employees to sex discrimination and sexual and gender based harassment. 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, Michael Barr, this is Bloomberg. Thank you Michael. Just about 6 36 on Wall Street John stanch hour has the Bloomberg sports update. Thanks, Dave and the Yankees
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Inflation hit a fresh 40 year high That continues to reverberate through global risk assets Traders are betting that the fed will hike rates more aggressively as a result and cryptos are at the mercy of the fed That's according to crypto lender nexo cofounder Antony trenchev who says he's hearing forecasts expecting Bitcoin to drop as low as the mid teens and single digit thousands Right now Bitcoin is trading around 24,000 Live in New York I'm renita young Bloomberg day break All right thanks for the supply chain concerns continue to add pressure to the global economy DHL's freight forwarding unit police port congestion and supply concerns will ease but not until 2023 The shipping giant also says that supply flows will never return to pre-pandemic levels even as conditions improve And only adding to supply worries John a rising COVID cases in China that could mean further lockdowns the country is starting to reimpose COVID restrictions just weeks after major easing in key cities Beijing reported 51 new local cases yesterday it had just single digit cases most days last week In the meantime Taiwan taking center stage in geopolitics It's the focus of talks between global defense chiefs at the shangri la dialog in Singapore China says it will fight to the very end if Taiwan makes a move towards independence But U.S. defense secretary Lloyd Austin is calling for peace in the region We do not support Taiwan independence And we stand firmly behind the principle that cross straight differences must be resolved by peaceful means The U.S. defense secretary Lloyd Austin says the U.S. seeks an Asia Pacific region free of aggression and bullying While John looks like a bipartisan group of senators has reached a tentative deal on gun safety Bloomberg's Ed Baxter has that story A compromise that at least can pass the Senate well democratic senator Richard blumenthal says it can also save some lives We can move forward with other common sense Hopefully bipartisan proposals after this one is passed our focus right now is making sure we have legislative language and the 60 votes we need to pass it The bill includes giving grants to states to implement red flag laws It would provide for more school safety as well as a provision to improve background checks for younger gun buyers In San Francisco I met Baxter Bloomberg daybreak And now turning to the nation's capital today marks the second round of hearings with the January 6th committee Today's hearings start at ten eastern former president Trump's 2020 campaign manager Bill stepien will give live testimony relied related to the insurrection of the capitol so will the former political director for Fox News Chris star Walt and futures are moving lower this morning straight ahead your latest local headlines and a check of sports This is Bloomberg Thanks Nathan 6 O 7 on Wall Street can time to bring in Michael Barr to find out what else is going on in New York and around the world John thank you very much about 100 progressive activist rallied in New York City to protest an event at Chelsea piers entertainment center featuring Florida governor Ron DeSantis Protesters chanted shame and boycott Chelsea piers outside the Jewish leadership conference desantis rounded off the day speakers with a discussion on the Florida model and why it's good for religious Americans Speculation is growing that the Florida governor is gearing up for presidential run Representative Alexandria Ocasio-Cortez of New York is holding off on backing President Biden for a second term in 2024 Ocasio-Cortez said Biden has been doing a very good job so far but stopped short of supporting his reelection You know if the president chooses to run again in 2024 I mean first of all I'm focused on winning this majority right now And preserving a majority this year in 2022 So we'll cross that bridge when we get to it Ocasio-Cortez spoke on CNN's State of the Union A group of suspected white supremacists arrested over the weekend will be arraigned today They were masked and wearing riot gear near a pride event in Coeur d'Alene Idaho all 31 men were charged with criminal conspiracy Vice president Kamala Harris spoke at the capitol pride festival in Washington D.C. Harris called for celebrating the day but also called out hate crimes against the LGBTQ+ community including the attack on the pulse nightclub in Orlando 6 years ago No one should fear going to a nightclub for fear that a terrorist might try to take them down No one should fear going to a pride celebration because of a white supremacist The vice president was accompanied on stage by her husband's second gentleman Doug Emhoff South Korea says North Korea test fired what appeared to be artillery shells toward the sea Soul says South Korea maintains a firm military readiness in close coordination with the United States 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 Michael Barr and this is Bloomberg John Michael.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Where just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know what this shower would begin with the economic data out of China Industrial output and retail sales fell in April While unemployment climbed COVID lockdowns are being blamed for the contraction Shet and a chief Asia economist at Morgan Stanley says the outlook for China remains strong once it moves past its COVID zero policy You do need solution to this near zero COVID policy It's not about just the economic policy easing itself Now we need to see that economy gets going with freeing up our restrictions on mobility Says China's supply chain constraints also appear to be easing And back here in the U.S. Goldman Sachs cutting growth forecasts Bloomberg's ready to young joins us live in New York with more good morning Renee Good morning John Goldman Sachs economists see the U.S. growing 2.4% this year and 1.6% in 2023 that's down from 2.6% and 2.2% It's an adjustment reflecting the shakeout and financial markets as the Federal Reserve Titans monetary policy Gulpen also projects an employment to rise to 3.7% by the end of 2023 after falling to 3.4% in coming months Live in New York I'm renita young Bloomberg day break All right we need a thank you while Goldman's former leader Lloyd blankfein is warning the U.S. should prepare for a recession despite the fed's best efforts to avoid one I think the fed has very powerful tools It's hard to finally tune them and it's hard to see the effects of them quickly enough to alter it Former Goldman Sachs CEO Lloyd blankfein spoke on face the nation from CBS which airs Sunday on Bloomberg radio Another note on Goldman the bank now plans to allow senior staff to take unlimited vacation days in an effort to retain talent That's according to a memo seen by Bloomberg And we're also tracking fallout from the mass shooting in Buffalo this week And it left ten dead and three wounded 11 of the people shot were black President Biden spoke about the arrest of the 18 year old white suspect The Justice Department stated publicly that his investigating the matter as a hate crime racially motivated act of white supremacy and violent extremism President Biden giving the remarks that the national peace officers memorial in Washington D.C. And overseas John it's another dramatic change triggered by Russia's invasion of Ukraine Finland and Sweden announced plans to join NATO over the weekend debate on the matter kicks off in both countries this morning formal applications could come later this week Your local headlines check a sports all straight ahead and this is Bloomberg All right thanks Karen 5 33 on Wall Street and let's bring in Michael Barr now with more on what else is going on in New York and around the world.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"He made the announcement on Twitter He says the $44 billion purchases on hold pending details on how many fake accounts make up Twitter's total users Musk is questioning whether spam and fake accounts represent less than 5% of users A trader has started to question his bid for Twitter in recent days as shares traded below his offer price of $54 and 20 cents Live in New York I'm renita young Bloomberg daybreak It's well down from there right now Twitter shares are lower by 20% in the pre market Bloomberg quick takes Alex Webb says this could be a way for us to back out Part of me thinks that actually he's being sarcastic because it shouldn't necessarily make a big difference He could be saying if we take him at his word that actually maybe there's not as big a differentiator as he thought If he's going to come in and say I'm going to get rid of spam accounts and they're on that many spam accounts to get rid of the upside for him is limited They're tune in to Bloomberg radio for the latest on Twitter throughout the morning Oh Nathan U.S. futures are higher as we near the end of a volatile trading week Joyce Chang global research chair at JPMorgan expects more wild swings in the market Inflation in the U.S. could be close to peaking but it's been going up in the rest of the world And even if you've seen the peak for inflation the question is where does it settle I think that the volatility is really going to stay with us here And there's still the growth concerns as well In Europe and in China where we've taken down the forecast And JPMorgan's Joyce Chang says even if inflation has peaked fed policy will remain hawkish And speaking of the fed Karen J Powell's latest comments you're helping to stabilize markets The fed chair was confirmed to a second term yesterday He says the Central Bank still plans to raise rates by 50 basis points at each of its next two meetings Cryptocurrency is also rebounding this morning Bitcoin's currently trading at $30,200 And this redhead law just crossed the Bloomberg terminal care and U.S..
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Morning on how Elon Musk is financing his Twitter takeover Let's get the latest live on that from Bloomberg's we need a young morning granita Good morning Nathan Wall Street suspected Elon Musk would have to sell some stock to cover the $21 billion equity portion of his Twitter deal Now a filing shows must offloaded about $4 billion worth of Tesla stock and shortly after those filings were made public Musk tweeted no further Tesla sales were planned Meantime Bloomberg sources say before the deal was announced Musk floated the idea of cutting both jobs and cost set Twitter On calls with bankers Musk also discussed ideas to monetize the platform to boost cash flow including a potential subscription service to drive recurring revenue Live in New York I'm renita young Bloomberg day break All right we need to thank you Let's shift gears now and get to the latest on Ukraine Russian missile struck overnight but the battle for Don boss is still Russia's strategic focus Meantime here in the U.S. President Biden is asking Congress for $33 billion in aid to Ukraine But the road to approval won't be easy and Bloomberg said Baxter has the story The Ukraine part has broad support across Congress but it risks getting snarled in his ask for COVID funding and immigration The Senate could vote on the emergency spending next week but the house will be on recess So Congress could finish by the week of May 9 and send it to the president but if Democrats insist on attaching long stalled funding for vaccinations and immigration costs it could be delayed indefinitely Biden did urge Democrats to pass them together In San Francisco I met Baxter Bloomberg daybreak All right Ed thank you Futures are moving lower this morning straight ahead Your latest local headlines and a check of sports This is Bloomberg It's now 6 O 7.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Wall Street Good morning I'm Nathan Hager and I'm Karen Walsh we're just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know it this shower we begin with Twitter Elon Musk has clinched a $44 billion deal to take the social media giant private and San Francisco Bloomberg said ludlow has more on what's next for shareholders Each investor will receive $54 and 20 cents for each share that they hold The deal has the unanimous backing of Twitter's board and the transaction is expected to close by the end of this year The deal also includes a provision where Elon Musk according to sources would have to pay Twitter a fee if he were to walk away from the deal And Bloomberg said ludlow says Twitter can not solicit other offers while the transaction is pending So where will Elon Musk get the cash to buy Twitter Bloomberg's we need a young joins us live in New York with the latest on that good morning Renee Good morning Nathan It's the $21 billion mystery There's little doubt Elon Musk can come up with the money After all the Bloomberg billionaires index shows he's the world's richest person with a fortune of $257 billion But Bloomberg estimates show Musk has just about 3 billion in cash in somewhat liquid assets So that leaves him with about three options for financing One way Musk could find other investors who buy into his vision and he's already hinted at this possibility Another way he could sell some of his stakes in Tesla but that will likely put the stock price at risk And since Musk is likely even richer than calculated by the Bloomberg billionaires index he might not even need news sources of funding to cover the $21 billion Live in New York I'm renita young Bloomberg day break All right we need to thank you while senator Elizabeth Warren was critical of the deal in a tweet calling it dangerous for democracy Overseas Karen Russian foreign minister Sergei Lavrov is suggesting talks with the U.S. could help end the war in Ukraine but he is warning of serious risk of a nuclear conflict Meantime Secretary of Defense Lloyd Austin is pledging the U.S. will continue supporting Ukraine We have much more to do Ukraine needs our help to win today And they will still need our help when the war is over Defense secretary Lloyd Austin spoke today after visiting Kyiv over the weekend Well Nathan returned to the fed now and share Jay Powell will hold it in person press conference at the conclusion of next week's two day policy meeting his last in person presser came in March 2020 And it's another big day of earnings with alphabet and Microsoft releasing results after the bell industry giants General Electric Capital One and Visa also report today S&P future is down about ten points this morning down futures down 89 and Aztec futures down 24 straight ahead your latest local headlines plus a check of sports and this is Bloomberg 5 33 on Wall Street 52° in Central Park at its debris spill on the eastbound BQE at.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"It's 5 30 on Wall Street Good morning I'm Nathan Hager And I'm Karen Moscow We are just about four hours away from the open of U.S. trading Let's get you up to date in the news you need to know what this shower We begin with the war in Ukraine where Russian president Vladimir Putin says his country has taken control of a key port city of Mario pole As it continues its offensive in the east and south Ukraine's president Vladimir zelensky said the situation remains severe in Russia meanwhile test fired a new intercontinental ballistic missile Wednesday A day earlier Pentagon spokesperson John Kirby addressed the current status of Russia's nuclear weapons arsenal and the defense capabilities of the U.S. We are actively monitoring every single day And even today the secretary remains comfortable that we have an appropriate strategic deterrent posture in place And Pentagon spokesperson John Kirby released a statement Wednesday saying the U.S. knew the missile test was happening and did not deem it a threat Let's stay in Washington Karen the CDC has asked the Justice Department to appeal a judge's ruling that threw out the mask requirement for planes and other public transportation That sets up a court battle over the decision DoJ said earlier this week it stood ready to appeal that ruling Turning to the economy now Federal Reserve chair Jerome Powell will speak publicly for the final time before the fed's blackout period which starts Friday at midnight Powell may reinforce bets the fed will raise interest rates half a point next month Powell will speak at an event Thursday before taking part in a panel hosted by the International Monetary Fund alongside several policymakers including European Central Bank president Christine Lagarde Turning to markets now Karen shares of Tesla are up 7% in early trading following a robust earnings report Let's get the latest live from Bloomberg's we need a young good morning granita Good morning Nathan Tesla's reporting a record profit for Q one boosted by strong demand for its electric vehicles And despite industry wide supply chain challenges for key components like semiconductors and higher prices CEO Elon Musk says Tesla should be able to make up for any production shortfalls So to help mitigate the effect of all that the company has been raising vehicle prices And Musk produce predicts Tesla is on track to expand production by more than 1.5 million vehicles this year That's compared with about 936,000 deliveries last year Live in New York I'm renita young Bloomberg daybreak All right rainy day thank you And after reporting disappointing earnings Netflix plunge to 35% of Wednesday shares are currently down more than half percent in early trading Futures are higher this morning right now S&P futures are up 33 points down features of a 193 NASDAQ futures up a 146 And straight ahead your latest local headlines Plus a check of sports This is Bloomberg Thanks Karen 5 33 on Wall Street 46° in Central Park still dealing with an overturned tractor trailer on the northbound New Jersey turnpike exit 7 a details coming up in traffic first Michael Barr with more on what's going on in New York and around the world Michael Thank you very much Nathan New Jersey begins legalized recreational pot sales today Amy Coachella of the ACLU says the law also has a reach back effect to when it used to be illegal After decriminalization was signed into law our court started the process of expunging over 360,000 marijuana related records for people across the state Amy Coachella with the ACLU meanwhile legal pot is off limits to police officers With COVID cases spiking across the country and hospitalizations in the northeast up by 25% over the last 7 days New York is keeping its mask mandate in place at JFK and Laguardia and on public transit governor Kathy hochul We're not panicking about this We're not changing but we also want to make sure that we're smart about this Governor hochul a suspect is dead and a police officer critically injured in what police and Yonkers say was a gun investigation arrest gone bad Yonkers police commissioner John Mueller said cops were following a lead when their three suspects ducked into a bodega when police followed them into the store Mueller says one tried to flee and shot the detective He was shot once.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg money minute A report from oxfam America finds one in three U.S. workers is still making less than $15 an hour in the share of women and people of color earning that amount is even greater 25% of men earn less than $15 an hour but the figure is 40% for women and 50% for working women of color Oxfam America's lead author on the report Caitlin Henderson tells Bloomberg quick take the reason women of color and people of color tend to make a lower wage is the legacy of the wage that was created during the new deal Henderson says she and her team saw this most prevalent in the south and that this is a deeply rooted issue There's the history of white people were locked out and overwhelmingly It was discriminating against women and people of color And we see the echoes of that even today The full report helps quantify how many Americans would be impacted by the raise the wage act which would set a $15 federal minimum wage The legislation is still pending in Congress Renita young Bloomberg radio What is dedication The thing that drives me every day is a dad is very honest We call him day to day for short Every day he's hungry for something Whether it's attention affection knowledge And there's this huge responsibility and making sure that when he's no longer under my wing that he's a good person I think the advice I would give is you don't need to know all the answers The craziest thing was believing that your dad knew everything So as a dad you felt like you had to know everything You had to get everything right It's okay to make mistakes As long as it's coming from love then you know it kind of starts to work itself out I want him to be able to.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Pushed lower because of what's going on with interest rates as well as the war with Russia in Ukraine Megan horne men with verdant capital advisers says earnings season will be key for future market action Well questions are swirling about what earnings will look like Karen and also whether recessions coming Citigroup global chief economist Nathan sheetz says the odds of that are significant Globally it's around a third The geopolitical situation the energy situation is very severe I think in the United States we are insulated in notch When I think about kind of the global situation coupled with the Federal Reserve potentially hiking very rapidly maybe one in four over the next 18 months It is significant Citigroup global chief economist Nathan sheetz made the comments on Bloomberg's balance of power Catch that program weekdays at noon eastern on Bloomberg radio and television Well Nathan we get more clues about the economy later this morning with the release of the march jobs are poor the median forecast calls for 490,000 new jobs in an employment rate of 3.7% to get more from Bloomberg's Michael McKee Endless expect march was another strong month of job growth although barring a major surprise the numbers may not make a whole lot of difference to the fed Policymakers have all but said they're in line to raise the nation's benchmark lending rate by half a percentage point on May 4th Nevertheless they will feel better if they see a lot of Americans going back into the labor force That would ease pressure on wages and therefore on inflation That's particularly true for manufacturing companies have struggled to find factory workers leading some to turn away business Michael McKee Bloomberg daybreak All right Mike thanks Let's turn to corporate news now with a focus on the world's largest retail site The push to unionize at Amazon is growing Let's get the latest live from Bloomberg junior young Good morning Grenada Good morning Nathan The upstart Amazon labor union in Staten Island is closer to forming Workers who want to organize our leading by more than 350 votes out of about 2600 tallied That count will continue today Meantime Amazon workers in Alabama voted to reject a union in a tight race yesterday but the national labor relations board says about a quarter of the votes are challenged and will need to be reviewed Those could potentially change the outcome live in New York I'm renita young Bloomberg daybreak And we need to thank you in an early trading this morning We're seeing shares of GameStop up about 15% The video game retailer plans to ask shareholders for approval of a stock split in the form of a dividend and that mirrors recent moves from Amazon alphabet and Tesla And right now futures are higher with S&P futures up 22 points down features up a 175 NASDAQ futures up 81 points the ten year treasury is down 1830 seconds the yield 2.40% Yield on the two year 2.39 9 X screwed up two tenths percent or 20 cents at a $100 48 cents a barrel and comic scold is down to 1937 80 announced Local headlines and the check of sports up next to this is Bloomberg.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Stole about $600 million from a blockchain network connected to the popular axie infinity online game They drained what's known as the ronin bridge of close to a 174,000 ether and almost 30 million USD C tokens The so called bridge lets people convert tokens into ones that can be used on another network The blockchain that supports axie infinity says the breach happened on March 23rd but was just discovered yesterday This attack is the latest to show how bridge hacks can threaten the ecosystem of decentralized apps Live in New York I'm renita young Bloomberg daybreak Thank you again futures lower this morning straight ahead your latest local headlines plus a check of sports and this is Bloomberg Thanks Karen It's 5 O 7 on Wall Street where 30° in Central Park big problems on southbound route one and 9 It is closed for an accident investigation at woodlawn avenue We'll get the details in traffic First Michael Barr has more on what's going on in New York and around the world Good morning Michael Good morning Nathan It was a wild scene up in Buffalo three police officers were hit by gunfire after a motorist fled a traffic stop and led them on a chase through the city streets The suspected gunman was firing at officers from the vehicle authorities say officers shot and wounded the driver at an intersection in front of a police station buffalo mayor Byron Brown A very very dangerous situation and we are very thankful.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"On Wall Street Good morning I'm Nathan Hager And I'm Karen Moskow we are just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know what this hour beginning with day 16 of the war in Ukraine Sirens heard again in the capital Kyiv the mayor of the city says almost half of its citizens have fled since Russia's invasion began Cities in western Ukraine are now under attack too taking fire from a long distance strikes in the south the city of mariupol remains under siege the death toll there has reportedly passed 1300 Back in D.C. Karen President Biden is set to call for an end to normal trade relations with Russia Sources say the plans would allow for increased tariffs on Russian imports putting Moscow on par with Cuba and North Korea At the same time Nathan the Senate has passed a spending bill that includes security and humanitarian aid for Ukraine And we get the details live with Bloomberg's raita young good morning Renee Good morning Karen just over $13 billion of that package goes to Ukraine for a humanitarian and security aid for Democrats passing this bill in an era of hyper partisanship is a major achievement The government had been using Trump era program funding levels since the start of the fiscal year on October 1st And now domestic agencies will get a nearly 7% boost The spending bill now goes to President Biden's desk for his signature In New York I'm renita young Bloomberg daybreak Okay we need to thank you on Wall Street today the war in Ukraine has one firm cutting its forecast for U.S. growth Let's get that story live from Bloomberg's John Tucker John Nathan Goldman Sachs warns there is more than one in three chance the U.S. will slip into recession in the next year The firm is cutting growth forecasts because of the hit from rising oil prices and other impacts from Russia's war the revision comes the U.S. prices for everything from gas to food and housing jump to a 40 year high And that's even before Russia's invasion for this year of the firm predicts GDP will slow to 1.79% live in New York I'm John Tucker Bloomberg daybreak Right John thank you Meantime the corporate exodus from Russia continues JPMorgan is joining Goldman Sachs and winding down operations there Citigroup has yet to act but says it's also assessing operations in Russia Futures this morning are on the rise S&P futures up 23 points Dow futures of a 147 NASDAQ futures have 82 the ten year treasury little change yell at 1.98% and the yield on the two year 1.70% Nymex crude oil is up 2.7% of $2 86 cents at a $108 88 cents a barrel Straight ahead your latest local headlines plus a check of sports and this is Bloomberg 5 33 on Wall Street 40° in Central Park but jammed up on westbound LIE with a crash in Maurice avenue Michael Barr has more on what's going on in New York at around the world Michael Thank you very much Nathan New York mayor Eric Adams unveiled his economic development plan for the city Adam says it would usher in a new New York during his.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"It's 5 30 on Wall Street Good morning I'm Nathan Hager And I'm Karen Moskow we're just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know what this shower beginning with the war in Ukraine The U.S. says Russian forces are intensifying their strikes on a capital city of Kyiv Ukrainian president volodymyr zelensky says his military will continue to defend their land We will not give up We will not lose We will fight till the end at sea in the air We will continue fighting for our land Whatever the cost we will fight in the forests in the field On the shores in the streets President zelensky says he will stay in Kyiv as long as is necessary to win the war Well back here in the U.S. Karen you president Joe Biden announced plans to curb brush and oil imports This is a step that we're taking to inflict further pain on Putin But there will be cost as well here in the United States I said I would level with the American people from the beginning And when I first spoke to this I said defending freedom is going to cost It's going to cost us as well Democrats in the House unveiled legislation to ban imports of Russian oil to vote on that measure is expected today Checking prices now they're actually moving lower with not excreted down 1.9% or $2 24 cents at a $121 46 cents a barrel Brent is down 1.4% at a $126 12 cents Well Nathan the list of companies suspending operations are pulling out of Russia keeps growing We get the latest live from Bloomberg's ready to young good morning Renee Good morning Karen iconic brands like Starbucks Coca-Cola and McDonald's are the latest to pull out of Russia The coffee chain's partner in the country is pausing operations and will give support to the nearly 2000 partners who depend on the company for their livelihood PayPal is also suspending business in Russia And PepsiCo said it'll stop soft drink sales in the country but will continue to sell daily essentials like baby formula and milk live in New York I'm renita young Bloomberg day break Okay we need to thanks the Russian rubles weakening sharply this morning before the war it was trading around 80 per dollar right now It's weakened to more than a 135 per dollar Well Nathan Bitcoin is surging It's jumped above 42,000 thanks to optimism about a U.S. overhaul of crypto oversight treasury secretary Janet Yellen calls an upcoming executive order from The White House quote historic She says it strikes the right balance between fostering innovation and addressing potential risk tied to cryptocurrencies and checking Bitcoin right now is at 42,900 $42,096 At a programming note for today join us about three hours from now for a conversation with Bill gross the former Bond Titan sits down for an interview on Bloomberg surveillance coming up at 8 30 a.m. Wall Street time This is Bloomberg daybreak And it's now 5 33 on Wall Street where at 40° in Central Park We'll tell you more about the lingering problems for New Jersey transit a few minutes First Michael Barr's here with what else is going on in New York and around the world Michael Thank you very much Nathan New Jersey governor Phil Murphy has proposed a $48.9 billion budget It boosts K through 12 funding redistributes nearly a $1 billion in property tax relief and raises overall spending by about 5% over last year's plan Murphy spoke in the assembly chamber the first time since the COVID pandemic We've been able to provide more relief and better opportunities for everybody else We've been able to better support our public schools We've been able to meet our full annual pension obligation You have a Murphy also talked about the war in Ukraine We will take whatever actions are needed to ensure New Jersey taxpayer dollars are not supporting Putin's unlawful invasion of Ukraine Murphy says they will take a look to see whether there are any Russian owned entities in their pension fund Florida's parental rights and education bill has passed in the state Senate and the governor says he will sign it The bill has been dubbed the don't say gay bill by LGBTQ activists which says lessons on quote sexual orientation or gender identity may not occur in kindergarten through grade three The first person to go on trial over charges stemming from the January 6th riot was found guilty of obstruction of Congress and other counts Texas militia group member guy rough it was convicted of all 5 counts brought against him in Washington following a 6 day trial Nicole claims the trial was just a way to scare others who stormed the capitol.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"This crisis There is no capacity in the world at the moment that can replace 7 million barrels of exports OPEC secretary general Muhammad barkindo describes Russia's war against Ukraine as a humanitarian tragedy checking prices right now nymex crude oil is up two and a third percent Is it a $122 23 cents a barrel Brent is up two and a half percent at a $126 27 cents And we've seen gas prices surge over the past two weeks as well Karen And that is causing pain at the pump but drivers say they would be willing to pay even more if it would end The war in Ukraine Let's get the details now from Bloomberg's Lisa Matteo Gas prices are soaring but many drivers are saying we'll pay more at the pump That's according to a quinnipiac poll which found 71% of Americans would support banning Russian oil even if it leads to higher gas prices The national average for gas has reached $4 and 17 cents a gallon according to triple-A that tops the nationwide monthly record of $4 and ten cents set back in 2008 In New York I'm Lisa Matteo Bloomberg daybreak Lisa thank you as war rages in Ukraine top U.S. intelligence officials are coming out with their annual threat assessment The office of the director of national intelligence sees a grim global outlook thanks to Russia and China Bloomberg's journey to young joins us live with the details Good morning ready to good morning Karen The threat assessment says China is developing one of the greatest nuclear weapons forces in history while Russia will exploit every opportunity to undermine the U.S. and its allies The nation's top intelligence chiefs will testify about their report before the House committee today The assessment is used by Congress as a baseline to make critical decisions advance legislation and craft budgets But since it was written before Russia invaded Ukraine lawmakers will likely press intelligence chiefs for the most current assessments during today's hearing Live in New York I'm renita young Bloomberg daybreak Okay we need to thank you When it comes to the assessment for markets it's all about the fallout from the war and the future of fed policy The fed meets one week from today and Morgan Stanley CEO James Gorman says the Central Bank should still start rate hikes despite the war in Ukraine Speaking in Sydney Gorman said the fed needs to contain prices but also be careful not to tip the economy into recession In corporate news Nathan apple is holding its first product unveiling of 2022 the event kicks off was expected to be its biggest year ever in terms of new devices The company is poised to announce its first low cost iPhone SC with 5G capabilities a new iPad air and updated max with Apple made ships And finally Karen Warren buffet's back among the 5 richest people in the world is fortune's risen more than 7% this year thanks to a rally in Berkshire Hathaway shares Straight ahead your latest local headlines and a check of sports This is Bloomberg And it's now 5 O 7 on Wall Street where 41° in Central Park seeing a lot of problems on mass transit this morning with down power cables from all the winds yesterday details on that cone up in traffic first Michael Barr with more on what's going on in New York and around the world Good morning Michael Good morning Nathan New York City is preparing for the possibility of a cyberattack by Russia The city's chief technology officer Matthew Frazier says it could happen We see threats pop up periodically Though specifically associated to this heightened sense we've seen an uptick But we're not aware of any campaign that's explicitly targeting the city itself Tech officer Frazier says New York is on ultra high alert following U.S. imposed sanctions against Russia for its ongoing invasion of Ukraine the fear is Russia will try to retaliate The NYPD's deputy commissioner John Miller We get that we're in a heightened threat And we have been gearing up for that heightened threat to come along from our normal high alert to ultra high alert And that's where we are The NYPD's Miller says it's best to be ready just in case a homegrown terrorist strikes President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currencies trade it The move comes as administration officials have raised concern in recent weeks about Russia's use of cryptocurrency to evade the impact of crushing sanctions Tens of thousands of customers are without power in New York and New Jersey after a line of severe storms swept through the northeast This man in Cedar grove New Jersey spent the night at a neighbor's house after a tree fell alongside his home cut off his power and blocked his front door And all of a sudden it sounded like a train went through And the wind was how and.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"That whole web of credit in the U.S. is very important And a lot of people who study CBDCs think that if people could keep more electronic cash in their wallet instead of at a bank they choose to do that And if you reduce deposits in the U.S. by 10% 20% even something as sound as relatively small like that That could potentially have big ramifications for the cost of credit and the amount of credit that's available Interesting world that we're living in And it's a great deep dive into terms of what China already doing Thank you so much Bloomberg news reporter Joe light from our Washington D.C. bureau along with Bloomberg business week editor Jill Weber Well February is black history month and every day this month we are celebrating significant moments in U.S. black history Now with your installment for February 15th here is Bloomberg's ranita young On this day in black history in 1968 conductor Henry J Lewis becomes the first African American to lead a major symphony orchestra He became conductor and musical director of the New Jersey symphony orchestra which is a nationally recognized orchestra From an early age Lewis had a love for music and symphony orchestra At 16 years old he joined the Los Angeles philharmonic and became the first black instrumentalist in a major symphony orchestra Later on in 1989 Lewis would become the principal conductor of the Netherlands radio symphony a Dutch radio orchestra That's today in black history I'm renita young Bloomberg radio A big thank you to Bloomberg's for needed young for that installment.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"In history Nathan Facebook parent meadow plunged 26% erasing $251 billion in value There could be a silver lining for CEO Mark Zuckerberg though and we get the details lie from Bloomberg's Renee to young good morning Renee Good morning Karen the big question is if Facebook users are flocking to TikTok should it be considered competition And if so the more challenging landscape adds muscle to fight a pending government lawsuit against meta Since med has earnings miss CEO Mark Zuckerberg has cited competition from TikTok as a threat That claim is at the heart of the FTC's antitrust lawsuit against meta which says it's a monopoly with no true competition live in New York I'm renita young Bloomberg daybreak All right we need to thanks turning to the economy now We get the payrolls report for January this morning The consensus calls for a gain of 125,000 jobs Bloomberg's Vinny del judice reports The prior report covering December registered the weakest showing since December 2020 January state it could be even weaker The White House has said so much in a rare announcement earlier in the week Bloomberg economics says the government collected data when autocrine cases were peaking when confirmed infections were rising faster than the delta wave Many doubt should ice Bloomberg daybreak All right Vinny thank you and turning to politics overseas The crisis involving UK prime minister Boris Johnson has gotten worse for top aids have resigned in the wake of the party Gates scandal and that's the 5 things you need to know to start your day brought to you by interactive brokers And S&P futures again they've turned lower down about four points to down futures down a 139 they've also turned lower while managed to have futures remain higher of 86 or 6 tenths of our percent And straight ahead your latest local headlines plus a check of sports and this is Bloomberg All right Karen thanks 6 33 on Wall Street 53° in Central Park temperatures falling through the day We got a lot of accidents to get to shortly first Michael Barr with more on what's going on in New York and around the world Michael Thank you very much Nathan President Biden met with New York City mayor Eric Adams and governor Kathy hochul to talk about the reason wave of gun violence particularly among law enforcement officers The president also announced new initiatives that The White House says would help fund community policing and crackdown on gun crimes I'll keep doing everything in my power to make sure the communities are safer but Congress needs to do as part two Pass universal background checks Ban assault weapons and high capacity magazines close loopholes that keep out of the hands of domestic abusers weapons Repeal the liability shield for gun manufacturers Mayor Adams talked about stopping the so called pipeline of illegal guns from gun dealers in southern states We need to increase our funding to ATF so they can give us the sources of these guns that are coming into our city and cities Mayor Adams spoke on ABC's nightline The winter storm stretching across the country is wreaking havoc on roads Parts of the tri state area get ready for winter weather advisories New York City mayor Eric Adams chief of staff Frank coron was subpoenaed for documents in a $4.5 million federal civil racketeering lawsuit over alleged fraudulent.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Get the very latest live with a Bloomberg John Tucker John Karen the NASDAQ correction that started this week has gotten worse After yesterday's slide the tech heavy index is now down close to 12% since its November high and the list of investor concerns is growing Markets face a one two punch of fed rate hikes and a possible reduction of its $8.8 trillion balance sheet and earnings season so far has been uneven highlighting the risk that it may fail to do the heavy lifting for stocks when the Federal Reserve ends its stimulus In New York I'm John Tucker Bloomberg radio John speaking of earnings Netflix shares are down more than 21% this morning on disappointing subscriber growth We get more from Bloomberg intelligence tech and media analyst key to ranganathan The sheep is kind of looking more at first quarter editions of about 6.26 .3 million which would kind of then set the tone for the whole of 2022 We're looking more at like a two two and a half million which really now kind of I think adds to a lot of nervousness amongst investors And Bloomberg intelligence says the subscriber forecast will result in Netflix's slowest start to a new year and at least a decade Well Nathan Bitcoin also lowered today In fact it's trading at its lowest level in more than 5 months this morning It's at $38,800 On Wall Street Karen JPMorgan Chase is coming off its most profitable year on record and as a result it's rewarding the CEO Jamie Dimon let's get the latest live from Bloomberg's Renee young renita Nathan regulatory filings show that Jamie Dimon got a 10% pay raise to $34.5 million for his work last year JPMorgan earned 48.3 billion last year The move is the latest sign that after compensation pressure emerged last year from the junior ranks up through the banking and trading hierarchy banks are now paying their most senior leaders more as well Life in New York I'm renita young Bloomberg daybreak All right ready to thank you China is quietly urging banks to increase lending after a slow start to the year Bloomberg news has learned that the people's bank of China is urged a large state owned lenders and regional banks.
Bloomberg Radio New York
"renita young bloomberg" Discussed on Bloomberg Radio New York
"Day one And mcauliffe has not yet conceded We got about 18% of the vote out so we're going to continue to count the votes because every single virginian deserves and their vote In Washington I'm Amy Morris Bloomberg daybreak All right Amy thank you while New Jersey is also casting his vote for governor and at this hour the race is too close to call Bloomberg's Michael Barr joins us live with a very latest Michael Karen with 98% of the vote in Republican Jack chitrali has a razor thin and I mean razor thin lead over democratic incumbent Phil Murphy 49.7% to 49.6% Ali spoke to his supporters overnight We want every legal vote counted Governor Murphy is singing a similar tune We're all sorry the tonight could not yet be the celebration we wanted it to be But as I said when every vote is counted and every vote will be counted we hope to have a celebration It could be a while before the surprisingly close race for New Jersey governor is called Live in New York how Michael Barr Bloomberg daybreak Michael thank you in New York this morning The city has elected a new mayor Eric Adams scored an overwhelming victory over courtesy one We continue our Bloomberg team elections coverage live with Bloomberg who need a young morning granita Good morning Nathan Eric Adams is promising to restore New York City to its former glory He's the second black mayor in the city's history and calls himself New York's first blue collar mayor This campaign was about this city and the people in it from every corner and every background in this city The race was called just 11 minutes after polls closed Eric Adams won 66% of the vote to Curtis Lee was 28% And tune in later this morning for an interview with Adams he joined us on Bloomberg radio coming up at 9 30 a.m. Wall Street time live in New York I'm renita young Bloomberg daybreak All right thanks for Anita while Boston also has a new mayor this morning as Michelle Wu becomes the first woman elected to lead the city We are ready to meet this moment We are ready to become a Boston for everyone Michelle will claim the 63% of the vote to become the youngest mayor in Boston's history She brings an ambitious agenda to city hall and most you as more from our Bloomberg one O 6 one newsroom in Boston Whoo is 36 years old Taiwan these American and won a seat on the Boston city council when she was just 28 years old Now she's proposing dramatic changes to the city free public transportation rent control appointing a new police commissioner and 100% renewable electricity citywide by 2030 She hasn't yet outlined how she'll pay for all this but she's set to take office in just two weeks and must do Bloomberg daybreak Okay Ann thanks We also have some U.S. House races in Ohio to tell you about Republican might carry beat Democrat Allison Russo to win one of that state's open House seats The Trump backed candidate won with 58% of the vote Democrats shot tell Brown Juan Ohio's second House seat up for grabs with 78% of the vote the results leave Democrats with an 8 seat advantage in the house And Minneapolis voters rejected a proposal to overhaul the city's approach to police saying the measure would have replaced Minneapolis police with a Department of Public Safety but only 43% of voters backed the measure The decision comes after last year's killing of George Floyd prompted calls for police reform in the city We'll have more election results in just a minute First we turn to the markets where it's all about the Federal Reserve today The Central Bank issues a policy decision including key details on plans to pull back bond purchases We get more from Bloomberg economics correspondent Michael McKee It's a foregone conclusion in financial markets that the fed will announce its cutting back on its QE bond buying The details will matter When does the taper start an end and how much do they pay back each month That's because investors are already worrying about when the Central Bank will start to raise rates They won't begin until the tapir is over Chairman J Powell will also have to explain the fed's view of inflation if they think it's still transitory Investors would like him to explain how long transitory will last Michael McKee Bloomberg daybreak Michael thank you while another big story this morning vaccine approval for kids Pfizer shot has now met all requirements to begin use for 5 to 11 year olds and make a details from Bloomberg said Baxter It got unanimous CDC advisory council approval and CDC director doctor Rochelle Walensky has signed off advisory council member doctor Beth bell says the shots are very much needed I feel that I have a responsibility to make the vaccine available If I had a grandchild I would certainly get that grandchild vaccinated as soon as possible And now comes the battle to get the appointments as parents begin to wear out the refresh key looking to get in In.