29 Burst results for "Research Analyst"
"research analyst" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters, I'm Charlie pellett. We've got stocks lower above average volume, the Dow, the S&P NES stack all in the red extending this week's losses, the latest batch of economic data doing little to dial back expectations for the fed's next move, S&P 500 Index down now by 6 tenths of 1% lower by 23 points 39 22. We've got the Dow down 59 lower by two tenths of 1%, while NASDAQ is down 98, a drop there of 8 tenths of 1%. The ten year yield 3.46% but look at the two year 3.86% on the two year, spot gold down $31 ounce, a down 1.9% to 1665, while West Texas enemy accrued is down 3.2%, 85 67 for a barrel of WTI. As for the economic backdrop, a nanya la doya is global equities senior research analyst at invesco and she was interviewed this morning on Bloomberg surveillance. It's not implausible as a general base case that we still sort of sail through this with a few bruises but generally intact as far as economic outcomes go. We've just come off of a week of very strong conferences, investor conferences at which most investors have been surprised by the upbeat optimism of management teams. They're all very focused on cost cutting, not a lot of them are focused on missing revenues or having existential crises, TBD, but that
"research analyst" Discussed on WTOP
"Tyson, 75 and crofton and 73 at long von Plaza brought to you by long fans save 15% on long fence decks, pavers, and fences. Go to long fence dot com today and schedule your free in home estimate. And it's 8 11 now, an employee at Virginia Commonwealth university was duped into transferring $470,000 to a group of Nigerian scammers in 2018. The FBI says that same group stole millions of dollars from governments, construction companies and universities in North Carolina and Texas too, in addition to BCU, the Richmond times dispatch reports that the U.S. has extradited three Nigerian citizens from Britain on charges of wire fraud and money laundering, BCU says it recovered a significant portion of that money after making a claim to its insurance company. Lingering inflation will affect many parents buying choices this back to school season. Parents plan to spend about 5.4% more this year than they reported spending last year. Now, in 2021, they plan to spend about 25% more than they spent in 2020. Secondly, with inflation being 9.1% and 5 point was last year, the 5.4% jump means that technically speaking, even though nominally it's a growth, it's really a real decline. That's Keisha virtue, a senior retail research analyst at Jones Lang LaSalle, which surveyed parents. That survey found that many parents plan to reuse older school items were by something secondhand. Well, you may have noticed a whole lot of new development in the past few years around the new Carrollton metro station. Well, now we've learned the station itself is going to get a multi-million dollar makeover. The federal government's chipping in $20.5 million to help remake the train hall at the new Carrollton metro station. This is one of the big train hubs up and down the Atlantic coast. And this is now bringing it into the 21st century. Maryland senator Chris van hollen helps secure the funding for this project. The new train hall will create a better and more convenient hub where metro
"research analyst" Discussed on Bloomberg Radio New York
"That Bloomberg business flash Let's bring in right now Tom dunleavy's senior cryptocurrency research analyst at massari Tom great to get you on because we have so many questions especially about the Ethereum merge Now it's I don't know if you could explain in simple language exactly what it means to go from proof of work to proof of stake Yeah absolutely So just a quick setup on what the merge is and then we can jump into why I think it's so bullish for investors So the merge is Ethereum shift from proof of work to proof of stake as you kind of mention and that's on the blockchain consensus And that's agreeing on the state of the network So this is a shift from minor securing the network using electricity to raise and solve a mathematical problem to speakers actually putting up their currency at risk and at risk of being slashed if they're sort of improper invalidating transactions of the network for agreeing on that next block Now I will tell you that I am a skeptic of proof of stake And we only have a few minutes so there's no use getting into back and forth about it But how many how many people are bullish this Obviously it takes two to make a market Is this half and half Yeah I think most people at least in the crypto space are generally bullish And it's more when you're going to even if they care about safety and security I think well if you look at proof of stake it's actually more secure than proof of work in terms of the number of validators you have And in terms of the decentralization properties of the network the more validators you have the more security you have in the network And it's actually harder to attack the network You're just amassing it's on the money You actually have to amass the number of validators and you actually have to control the network So it's more decentralized In a sense I don't know I just feel like you get Elon Musk and Vladimir Putin working together and they could do it in about a day But all right so in any case what do you think about the terrible horrible no good catastrophe that we saw in Tara Doesn't that shake the confidence of investors you know maybe institutional or investors on the margin for the entire space No doubt about it It's a black eye to the space For sure it's going to bring in some regulation which is probably welcome If we want to get institutions involved we need more regulation We need to get them comfortable The biggest problem right now and coming from the institutional world they know is the uncertainty is saying if I allocate assets today are they going to get seized or are they going to drop in price because of some punitive regulation in the future Once we have more stable regulation I think that will sort of bring in the next leg of the upside And there's multiple bills right now and I'm sure Luna will be a footnote in every single one of those bills But it's going to be a black guy in the industry for a long time no doubt Who should regulate this industry Is this mister gensler at the SEC or somebody else or something new I am far from the definitive authority on that but I think the crypto industry would like to see the CFTC be more of a regulator in the space than the SEC I think the SEC is certainly taken somewhat of a heavy hand in trying to police the industry But I think we're all in it for the same thing right We want good rules We wanted regulation We want to do it in the spirit of innovation But we want to make sure it doesn't cross the industry We want to make sure that happens all the innovation happens in the U.S. and it doesn't happen elsewhere And you've seen that India comes out with punitive regulations Do you have immediately all of the protocols and individuals were operating there trying to figure out how to move And that's not good for innovation and whatever country those regulations are coming down So what do you think happens longer run here Tom Because we have I think almost 20,000 different crypto coins at least on coin market cap dot com But Bitcoin seems to have about 43 44% of the total market cap Do you just put your eggs in a few baskets here So for me I think of it as Bitcoin and then all proof of stake protocols Yeah Bitcoin is a store of value that could be sort of gold two Fed points two And the addressable market cap for that is ten X what it is today And you could argue Bitcoin is more transferable and easily divisible in gold gold obviously has a longer history Then you have the proof of stake assets You have a theory and others My mental model is Ethereum is taking up so much of a market share and has so many builders building on top of it But the network effects have already run away for Ethereum So if you're thinking about allocating to the space I think it should be Bitcoin and Ethereum as the primary portion of your portfolio And the rest of it is really speculative that's based on what you think the likelihood of those other protocols could overtake Ethereum So if you think it's Solana or avalanche or maybe you thought it was Luna you give those weights by 10% whatever you think it is in your portfolio But Bitcoin and Ethereum really should be the core of what you do because that's where the innovation is and that's where the developers are So just real quick what's the ends this gloomy crypto winter in your from your perspective What's the industry really looking for I think it's emerged and I think it really is a flood of institutional demand demand after the merge What do investors institutional investors want They want things that can earn a deal from They want things that are green And they want things that have a cash flow Ethereum post merge has all of those things You're going to get 8 to 12% yield You're going to get an asset that has quote unquote green after miners go away And an asset that last year earned $10 billion in terms of fees So all of those things I think will make it have a nice flow from institutional investors They're just waiting for that technical risk to really be achieved because it's a huge technical the $200 billion protocol that's transitioning basically mid flight from one type of consensus mechanism to another That's a big challenge That's a big unknown They need to see that through All right Tom good stuff We appreciate getting your time Tom dunleavy I can't wait to see you I'm waiting to be proven wrong I just personally you know what If you say put your kids birth certificate.
"research analyst" Discussed on The Financial Guys
"You're right. Increased turnout has nothing to do with suppression. Black people also thought, lo and behold, black people are smart enough to show their ID. They figured it out. Look at that. Apparently you were wrong. Besides all the Republicans. This is the same moron who says George is so horrible and owns two houses in the state of Georgia. You know, you can move to other states, Stacy. You can go somewhere else. If you like liberal Connecticut, go to Connecticut, right? If you like California, go to California. That's right. States is going to be amazing. They all threatened to go to Canada. They never go. Go, go. Go. Leaf. One more liberal thing, and then we'll wrap up. This is beyond the pal. This is Eric Adams, is now eyeing a 2024 White House a bid. This guy is dumber and less liked than de Blasio, right? Then comrade de Blasio. The best part about this guy, Eric Adams, who's what he says this week. Thank God I'm the mayor. I never my life. Talk about the narcissism of liberals. Himself. Thank God for me. Thank God. Thank God for me. Thank God I'm here, right? You're here. People are getting shoved in front of subway trains. People in New York City are petrified. That guy was a productive healthy member of society that worked for Goldman Sachs as a system research analyst that was senselessly gunned down on the subway. It's happening every day in New York City, but thank God for Eric Adams. Think about the tragedy of what they've done there. I mean, when you look back at how we cleaned up New York City, right? How we put police officers on every corner and we cleaned it up and tourism came back. The economy came back. I would love nothing more. You know, you and I when we started out in the business, we spent a month or two. Quite a bit. Living down in New York City. I would absolutely love to take my wife and my kids back there. And to take the book, show them where we stayed, you know, the view..
"research analyst" Discussed on Bloomberg Radio New York
"Bloomberg quick take This is a Bloomberg business lash From Bloomberg world Hank waters I'm Charlie pelos choppy session We've got the Dow the S&P on the minus side And NASDAQ pushing higher volatility gripping markets investors bracing for a rebalancing of the S&P 500 and the expiration of equity derivatives stock moves being magnified by intense activity in options trading potentially making today one of the busiest days of the year Right to the numbers because we've got NASDAQ up 73 now a 5 out 5 tenths of 1% has been all over the place today lower last update but right now hire by 70 The S&P down 14 drop now of three tenths of 1% The Dow remains lower down 314 a drop there of just about 9 tenths of 1% The NASDAQ 100 index of two tenths of 1% the Russell 2000 up 1.4% ten year up one 32nd with a ten year yield right now 1.4% Gold up two tenths a 1% up two 85 ounce to 1802 and West Texas intermediate crude oil is down 2.4% 70 66 a barrel Airline stocks are all moving higher today but they have been under pressure amid rising COVID case counts and helene Becker senior research analyst at Cowen and company told us this morning on Bloomberg surveillance a lot of the bad news around the airlines has already been priced in We saw a record Thanksgiving traffic domestic leisure is above pre-pandemic levels Pricing is above fourth quarter 19 levels We are going to see very strong revenue This quarter And it's going to be partially offset by inflationary pressure and wages and fuel for sure But fuel costs aren't even as high as we thought they were going to be So they've come down a little bit Cowen's helene Becker among some of the airline names UAL up by 3% American Airlines group up 3.7% delta 3.2% southwest up by 1.2% Stocks mix S&P down three tenths I'm Charlie.
"research analyst" Discussed on Bloomberg Radio New York
"I'm Charlie pellet at Bloomberg world headquarters As we've been reporting the S&P 500 Index had its worst day since February steep losses as a post Thanksgiving soft spread across global markets amid growing fears that a new coronavirus variant could spark fresh outbreaks Patrick rosetti is senior research analyst at high tower securities The reality is the market needed a little bit of a breather right And so any time something like this happens yes there's always opportunity but I think you have to be very measured with that opportunity because this is new information I do think it doesn't bode well or additional supply constraints going forward Patrick rossetti of Hightower at CCLA investment management in London Charlotte ryland Cohen of investment says it's still very early The key question is is this a mutation which means that vaccinations don't work Is it some of the other treatments that we have in place Because the real issue is does this lead not just greater cases but does it need to grow to hospitalizations and therefore drive a need for much more drastic action from governments Charlotte ryland of Sicily The day after Thanksgiving is usually a day in which investor focus typically shifts to what's happening at the nation's shopping malls Joe Feldman is assistant director of research at Tulsi advisory group I know that the new variant of COVID is a little scary so far We haven't heard of it here in the U.S. I don't think it's going to impact this weekend per se but it could have an impact as you get deeper into the holiday season in terms of the store versus online Joe Feldman of Telsey S&P down 106 a drop of 2.3% The Dow down 905 points down two and a half percent NASDAQ down 353 a drop of 2.2% Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.
"research analyst" Discussed on KGO 810
"Lending tree as a research analyst Jacob Channel, and he's here to talk about where movers are moving to and what they bring with them. Jacob. Thanks for joining us. Yeah. Thanks for having me. Uh, did I did I pronounce your last name correctly? You do. It's just like the English or the TV. Perfect, okay? So you guys started looking into where is everybody moving? That's what everybody's talking about now, so I assumed that was the spark right? Yeah, It's kind of always. It's an evergreen topic. But especially right now it's It's a lot of lot of talk. So where are people moving? Well, it sort of depends on how you look at that question. Uh, Basically, though, where people tend to be moving are places that over the past few years have seen a lot of population growth, but that don't have home prices that are obscenely expensive. So places like Las Vegas, Phoenix and Jacksonville, Florida. Jacksonville, Florida is that it's funny, because I know a person from here that is his whole family is ended up down in Jacksonville. So I guess that Normal. I guess that's happening a lot with Jacksonville. Yeah, Further in general is it's just a really popular place to be in part because they think they've got a pretty For giving tax structure and also it's just nice speech from property in a lot of places. So yeah, Florida is always a popular place for people to move to. Everybody's always saying and they have since I was a child here, everybody's leaving San Francisco, and it just keeps getting more expensive and more crowded. So how is everybody leaving if it's getting more expensive and more crowded here? Well, I don't think everyone's leaving. I think that sometimes people kind of here that some people are leaving her, then maybe see population growth. Just go down a little bit, and I'll say, well, everyone's playing the city. But in the case of San Francisco and other big cities like it Even if they're not growing at super rapid paces. Like other parts of the country, there's still a lot of people there. There still are in a ton of houses there, so that's why home prices stay high. And How do people select where they're going? Have you been able to figure that out? Well, for the most part when people move a lot of times, they just stay in the same area. And that kind of makes sense. If you think about it, because moving as a household already, But when you're moving to a new state or a new city, it's even more complicated. And also you've got to find a new job. You've got to maybe up root your family, which maybe your kids aren't going to be thrilled about. Maybe you're not going to be thrilled about if you have to leave your best friend. So for the most part, people tend to stick in the same areas. But if people are planning on leaving very often, they'll go to Will slightly smaller areas depending on where they're moving from. If there Your retirement age. For example, they'll probably go somewhere a little bit warmer, a little bit less expensive. Maybe if they're young person will even go somewhere a little bit more extensive to pursue better job opportunities. But in general, we see people sticking around the same area and then when they're leaving, they tend to go to warm places. Texas, Florida Even Arizona and Nevada. I've got to tell you, that's the other. I was just going to bring that up. Places where friends have moved. Arizona, like the whole world is showing up in Arizona, at least a large group of my friends, those that are moving, which isn't actually a large group that everybody's going to Arizona. Yeah, well, I mean, I think Arizona has a lot going for it. I think a lot of it has to do with the climate. A lot of people, you know that you don't have to worry about shoveling snow, for example. And if you're coming from California, where it's usually warm, or parts of it are usually warm. You can kind of get a similar sort of vibe. But you don't have to pay as much money is moving as cheap. One of the things I saw during the pandemic to go back to what you were saying about people don't move far. Was a lot of people were moving from the coastal areas inland because it gets cheaper real fast. As you know, every 30 miles you go inland. Wow gets a lot cheaper. Oh, yeah. Yeah, definitely. That's that's kind of historically been the case, And that goes all the way back to yield in times when everyone sort of congregated around ports, So Yeah, certainly does. The more inland you go, the more cheaper you'll find, although there are exceptions. For example, Denver Colorado is about as middle of the country that gets and it's really expensive. So it's not always cutting driver. Yeah, as a general rule of thumb, the further you are from the coast a little bit cheaper. Things will be unless you're by, like a ski resort or something like that. Are people happy when they move? Yeah. I mean, it sort of depends. That's not something that we've necessarily looked at in depth recently, but in a lot of instances Yeah, um You know, sometimes it does happen where you move and you find the grass isn't necessarily greener. But often people spend so much time and energy planning the move that once they get there, I think that they feel a sort of sense of relief, and they tend to adjust. We always read these articles where people Um You'll get to know the area..
"research analyst" Discussed on WCBM 680 AM
"Give me an update on the situation. Shareholder vote was on Friday they approved the conversion, added the spec into pro Terra show Monday. It'll trade as pro terror and the warrants will trade his pro terra warrants. Now there is no real research analyst Writing on pro Terra. Why? Because it's a SPAC. Now that is no longer respect. I think research Wall Street research analysts will step up and start Uh, writing and recommending, hopefully, pro terror as an investment, So I think that will help to start help the stock potentially move higher. Well towards the end of the week. A CTC without the W was trading around 19 right now, is it of If you owned 1000 shares of ABC TC does that become 1000 surer, pro terror or a different amount? No, it's it's share for share conversion in the W is the same way. Yes, sir. Are you the only change of the W as it converts from a CTC warrants to pro, Terra warns And that but you, but you have to call your broker or whatever and tell them to do to conversion. If you want to convert if you want to convert, and I don't know why you would. But if you want to convert you have to do they have to add cash and you'll then own actual shares of pro Terra. The reason we do the warrants is because you can control the upside in the stock with much less money. You said I have to bring up cash. Yeah, you're gonna have to. I think I think the conversion price is $11.20. You have to add $11.20 per per warrant to get one share of pro Terra. Okay. I just saw my warm I w we transfer into Whatever he bought at 11 $11 Group of you know, Uh, no. The warrant gives you the right to buy the stock at a certain time within a certain price. Think of it as a real estate transaction genius the way most people understand it. And you have a a plot of raw real estate in your neighborhood that looks very attractive, proactive and high traffic area where you can buy it for $10 million, or you can give the owner the right to buy it for $10 million For one year for $100,000 you then control that property for the year. $400,000 instead of 10 10 million. If you wanted to buy the property, you still have to come up with the 10 million So what would you do with a donkey? You right now? Hold it, Hold it, and it should be dollar for dollar. If pro terror continues to rise, the warrant should go up proportionally, and the percentage gain will be hired because it's a lower price. All right. Thank you. You're welcome. Thank you for listening. And thanks for calling 92266 80 V neck is up in Mount Erin. We haven't heard from you in a long time. Vinick. What's up? Thank you. Hey, I wanted to get back to you and your listeners.
Get ready for Apple's first $100 billion quarter in history
"Site ran part of a note. From bernstein research analyst tony saginaw gi. Who no surprise is still pretty. Suck unagi kind of crazy. He is actually up to his expectations and a pretty big way. But he can't help the whole e or think pulling parts of his note. We are raising our first-quarter earnings per share estimates to a buck fifty three and fiscal year. Twenty twenty one earnings per share to four dollars and twenty six cents due to higher iphone. Asp's a weaker us dollar and better mac and ipad sales worth noting their earnings per share estimate of a buck fifty three for the december quarter higher than morgan stanley analyst. Katie hubertus estimate of about fifty yet is stoked and he is saginaw. Unagi quoting his again. So what's next on one hand. Our analysis indicates that apple outperforms sixty five percent to eighty percent of the time in the near term when revenue revisions or positive on the other hand opportunities for upward revisions for fiscal year. Two thousand twenty one estimates are likely to be more muted post. This quarter second. Quarter and fourth quarter. Revenues are typically seasonal. Apple will be staring down a very strong ipad and mac comparison in the second half and it's unclear. If next year's iphone cycle will offer compelling new functionality. Second doggy stays neutral on apple with a market perform raiding his price target on the company's shares as one hundred twenty dollars those shares closed thursday at one hundred thirty six dollars and eighty seven sense.
"research analyst" Discussed on KQED Radio
"After they learned a new caravan was forming. In Honduras. Authorities in Mexico released videos showing how they would stop people at the border most prominently in this video soldiers stand on the edge of a river with their assault weapons draped across their chest. Felipe Vargas Carrasco is with Jesuit refugee services in Mexico. Where's me, but it's serious public opposition. Carrasco says he's worried Mexico's government is intimidating people who need help. Or that, little from the nonprofit for migrants in Guatemala, says he wishes governments would redirect their military spending toward humanitarian aid. No one leads come. It's theirs. Noah's from reason to do it. Because supposedly the home is the safest place. You want to be where you find love. But in this case, they prefer to leave someone else said I love 100 us. It's my country. But I cannot need here. So Orthodox says he doesn't expect militarizing borders will stop the crisis. People are fleeing for the world. I'm Jorge Valencia. For more on President elect Biden's approach to immigration, We turned out to Chris Ramon. He's an independent policy and research analyst. What is the status of these asylum agreements that the Trump White House signed with Guatemala, Honduras and El Salvador? Guatemalan agreement was in place from fall 2019 into March 2020 when they're suspended, do the covert pandemic. I believe as of December 2020. The administration is now fully implemented these agreements, but what we haven't really seen as any major reports of individuals being sent back to these countries so that they think the status is that I think the administration went ahead. And said, Let's just implement this before the incoming administration comes in overturns them, but in terms of actual real impact on my wood flows, I think this is just an implementation by name only. I don't think it's really been operational, and now they will be able to see it be fully operational before President Biden overturns them. So what has a Biden administration said so far about these agreements and what he's gonna do with him? It's been overturned them. That's the stated purpose. These way this very clear that those are among and the policies that the Trump Administration's implemented at the US Mexico border and that that's something that he wants to overturn alongside with other policies that the Trump Administration has seven place like the Margaret Protection protocols. Family separation policies. This is part of sweet of policies that President elect find wants to overturn. So if the button administration doesn't wind these agreements, what would happen next ifs, a large group of asylum seekers and migrants. Get to the US Mexico border even within the next few weeks or months. So the Trump Administration maintain the suite of policies that he used to sort of termine. How is gonna remove migrants from the US Mexico border? President Biden has said he wants to completely make a clean break from Trump Administration. And so he's gonna eliminate his policies. The thing is, it's a question of when he's gonna eliminate those policies. And I think that's been an area of major debate within the incoming administration and also more broadly with the immigration advocacy community. You see deportations? Continuing, though I mean deportation was a tool. Use a lot in President Obama's immigration toolbox president like Buy, It has stated that he's going to be easy, issuing a moratorium on the terror removals for 100 days. That's something that he's sort of been floating out there, you know, and then assessing sort of ways that the United States could approach immigration enforcement differently. Yes, So what policy options are they're available if the Biden administration focuses on, say, the roots of why people are choosing to leave their homes like No jobs, violence or you mentioned hurricanes, natural disasters like hurricanes earthquakes. The consensus that's been dying is basically providing development assistance to the free Northern Triangle countries, the target's economic development, roof lawn and the corruption practices and sort of boost a human security for bomb the population such as women and girls. Those are sort of the three areas that you always focus on when advancing root causes. I think what's important to know is that studies do show that as you improving the conditions in these countries is actually more likely that people migrate because they have the means to do so, at least in the short term and over long term people are going to stick around. The other important thing is that studies also show that you know this kind of aid is good for improving the conditions, but the jury's still out whether or not That actually deters immigration, and I think when you're looking at development a you need to think of it as we're just simply going to improve the conditions in these countries. I think it's gonna be hard for you to say we've been improve the conditions in this country so people don't migrate and I think that's where it has to be some nuance and understanding. We're gonna target because is to improve root causes. I think we need to be realistic as to whether party root causes will completely eliminate the push factors for immigrants. I think let's just improve these situations for the sake of improving them, and then you will be any additional benefits from that when it comes to migration management. Chris. My Moon is an independent policy and research analyst speaking with US from Washington. Thanks very much for being here, Chris. Thank you. Today on Capitol Hill Confirmation hearings are in full swing. The Senate is questioning some of President elect Joe Biden's top choices for Cabinet positions. Including Anthony Blinken, Biden's choice to leave the State Department. I will work with you to reinvigorate the Department of State investing in its greatest asset, the foreign service officers, civil servants locally employed staff who animate American diplomacy..
"research analyst" Discussed on WHAS 840 AM
"Bitcoin is getting a lot of attention this morning. That's after rallied at the start of the year following an eye popping 2020 stocks also fared pretty well. Last year, the Dow up more than 7%, the S and P up more than 16%, the NASDAQ More than 43%. Stephen DeSanctis, research analyst at Jeffrey's Low says, Watch for a pullback. I do think that you're gonna have a little bit of a sloppy or tape in the first half of the year. As we're kind of digesting some pre record gains here in November, December's I think he's pulled forward. Ah, lot of good news. And so it's going to need to see how things kind of unfold in the first half of the year, and those $600 stimulus checks have begun to arrive. And if you're thinking of doing some post holiday shopping some major retailers including lows, Macy's, Kohl's Alta and Wave here Have extended free shipping offers on some products into this month. Denise Pellegrini Bloomberg Radio Broadcasting Live 24 7 from the Tom Drexler, plumbing, air and electric studios. This is news radio. Wait, 40 wh s As we have throughout the overnight period, decreasing clouds will be expected across the area drying cold out there with lows dropping off into the lower thirties. We look ahead for your Monday, Partly sunny skies will break out through the day. It's a milder day temperatures topping out in the upper forties. Well, Seymour Cloud cover building back in for your Monday night. It's breezy and chili, with temperatures cooling off into the mid thirties. Mostly cloudy skies hanging around four year Tuesday, especially for the first half of the day. If you morning Sprinkles will be a possibility, with highs in the low to mid forties. Try UPDATED forecast. I'm w l. K y meteorologist Chris Johnson Coast to Coast AM is.
"research analyst" Discussed on MyTalk 107.1
"The deal. We got 93% Correct. So that great job to both of you, isn't it? I always find it. You know, Sometimes you just feel so dumb. You're like, I don't know anything that's every day for me. Yep, um, but then things like this happen to you're like, Wow, look at the wealth of knowledge I have in my brain Christmas, You know, of Christmas songs of caroling. That's right of whatever story. You know, you just You don't know what's in your head, and sometimes you're like, Could I just kick that out and make room for some other stuff? Because I don't really need to know the theme songs of you know of, like eighties commercials. That stuff is probably not necessary. I found that anything these folders anything that I learned in school? I don't know anymore, But oh, But what's funny is the music I listened to in school. I could remember every verse of all those songs like in jam through it in my car left and right, But you can't remember fax. You know, I studied for tests. I was a good test taker, but it was only a limited time that I could retrieve the information's Everything one of the other. Yeah, it was so finals were kind of hard for me because I'd have to go back and remember. Rise. But yeah, that is so true. It's like it just goes away. And her memory is just nothing anymore. I can still remember my childhood phone number. Oh, sure. Can I do I know anyone's number now. No, no, I don't even know my daughter's number by heart. Oh, man. Got it so happening to us. It's happening. Merry Christmas, guys. Merry Christmas. Hey, some more holiday celebrating because, Hey, this is the week to do it. There was a great British bake off holiday episode. We'll talk about that. And Hilaria Baldwin Baldwin. Why lie? My talk 1071. I'm 5. Ft. 11. Barely 54. I weigh about £170 brown eyes. Blue eyes. Brown hair right here. I'm a baseball fanatic. I'm a wife, A mom, a sister. And the grandfather. I'm a bodybuilder. I'm a research analyst. Small business owner, teacher dance fitness instructor, film and television actor. I'm an office clerk. I'm a copywriter. I'm a veteran. Have a prosthetic leg. I have multiple sclerosis. I have Lupus, cerebral palsy, post traumatic stress disorder. I'm blind and I'm working in a job I love I love because I was given a chance because I was given a chance to contribute my skills and talents to show my disability is only one part of who I am. Who I am who I am at work..
"research analyst" Discussed on Bloomberg Radio New York
"First responders like police and firefighters, teachers and pharmacists. The first phase delivered shots to frontline workers in ICUs and hospitals, workers and residents in nursing homes and E. M s workers. Year end crime numbers for New York City Show Violence was up significantly in 2020 more from Bloomberg's Dinis Pellegrini. There were 462 homicides in all of 2020. Compared to 319 in 2019, and that is an increase of about 45%. There were 1531 shooting incidents last year and that is up. 97% from 2019, New York one, says Mayor de Blasio and Police Commissioner Dermot Shea are expected to hold their year end crime briefing next week, they'll be discussing the increases. And plans to curb violence for this year to Nisa Pellegrini. Bloomberg radio. So moving into the new trading year can the gains we saw in 2020, including 16%, for the S and P 500 index continue. Steve DeSanctis is research analyst at Jeffrey's. I do think that you're gonna have a little bit of a sloppy or tape in the first half of the year as the kind of digesting some pre record gained here. In November, December, especially you move down market cap, and so it's going to need to see how things kind of unfold in the first half of the year Global News 24 hours a day on air and on Bloomberg quick take powered by more than 2700, journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. This'll is Bloomberg Daybreak weekend? Our global look at the top stories in the coming week from our daybreak anchors all around the world Straight ahead on the program. How bad does the U s economy get before it gets better? I'm Nathan Hager. I'm Caroline. Head Get in London where we're looking at.
"research analyst" Discussed on Bloomberg Radio New York
"Her phone with an uber driver reportedly returning her actual phone shortly afterwards. I'm Brian shirt And I'm Daddy's Pellegrini in the Bloomberg News Room. A last minute boost lifted stocks on the last trading day of 2020. So what? Next? As we move into the new trading year? Stephen DeSanctis, his research analyst at Jeffrey's, you're gonna have a little bit of a sloppy or tape. In the first half of the year as a kind of digesting some pre record gained here in November. December, especially, you move down market cap, The Russell 2000 small cap in the U. S. Is having its best quarter ever up over 31%. I think he's pulled forward. Ah, lot of good news until we're gonna need to see how things kind of unfold in the first half of the year volatility for gold prices, But the yellow metal managed to post the biggest annual advance in a decade in 2020. We have learned that from Bloomberg's Charlie Pellet bullion had a record in August, his investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation. Holdings in bullion back to exchange traded funds set a record in October. The dollars continued weakness helps support gold into year end for the month of December, gold was up 6.8%. It was 25% higher for 2020, the biggest fool your advance since 2010 and what's the outlook for crude oil this year? Peter Tchir is head of macro strategy at Academy Securities. I think it's gonna remain a struggle. I think the death of oil has been overstated, though I think we'll continue to use it. I think we'll see natural gas play a role. The U. S has already kind of moved towards energy independence, and the ultimate goal is to have a very green energy. Life environment, but it's gonna take a period of time to get there, and what we have to do is be a little bit careful that we don't handcuff ourselves too much in this effort to go purely green Global News 24 hours a day on Erin on Bloomberg quick take powered by more than 2700, journalists and analysts. And more than 120 countries. I'm to these Pellegrini, This is Bloomberg..
"research analyst" Discussed on Bloomberg Radio New York
"Spot. List has been published at the end of every year since 1976 I'm Brian shook and onto these Pellegrini in the Bloomberg News from a last minute boost lifted stocks on the last trading day of 2020. So what? Next? As we move into the new trading year, Stephen DeSanctis, his research analyst at Jeffrey's, you're gonna have a little bit of a sloppy or tape. In the first half of the year as a kind of digesting some pre record gains here in November and December. Especially, you move down market cap, The Russell 2000 small cap in the U. S. Having its best quarter ever up over 31%. I think you've pulled forward Ah, lot of good news until we're gonna need to see how things kind of unfold in the first half of the year volatility for gold prices, But the yellow metal managed to post the biggest annual advance in a decade in 2020. We have learned that from Bloomberg's Charlie Pellet bullion had a record in August, his investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation. Holdings in bullion back to exchange traded funds set a record in October. The dollars continued weakness helps support gold into your end for the month of December, gold was up 6.8%. It was 25% higher for 2020, the biggest fool your advance since 2010 and what's the outlook for crude oil this year? Peter Tchir is head of macro strategy at Academy Securities. I think it's going to remain a struggle. I think the death of oil has been overstated, though I think we'll continue to use it. I think we'll see natural gas play a role. The U. S has already kind of moved towards energy independence, and the ultimate goal is to have a very green energy. Life environment, but it's going to take a period of time to get there, and what we have to do is be a little bit careful that we don't handcuff ourselves too much in this effort to go purely green Global News 24 hours a day on a random Bloomberg quick take powered by more than 2700, journalists and analysts in more than 120 countries. I'm to these Pellegrini, this is Bloomberg.
"research analyst" Discussed on Bloomberg Radio New York
"Black lives matter and justice for George Protesters ended their march near the cathedral. I'm Brian shot. And doctor These Pellegrini in the Bloomberg News Room. A last minute boost lifted stocks on the last trading day of 2020. So what? Next as we move into the new trading year? Stephen DeSanctis, his research analyst, it Jeffries, you're gonna have a little bit of a sloppy or tape. In the first half of the year as the kind of digesting some pre record gains here in November. December, especially you move down market cap, The Russell 2000 small cap in the U. S. Is having its best quarter ever up over 31%. I think you've pulled forward Ah, lot of good news until we're gonna need to see how things kind of unfold in the first half of the year volatility for gold prices, But the yellow metal managed to post the biggest annual advance in a decade in 2020. We got more that from Bloomberg's Charlie Pellet Bullion hit a record in August. His investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation. Holdings in bullion back to exchange traded funds set a record in October. The dollars continued weakness helps support gold into year end for the month of December, gold was up 6.8%. It was 25% higher for 2020, the biggest fool your advance since 2010 and what's the outlook for crude oil this year? Peter Tchir is head of macro strategy at Academy Securities. I think it's going to remain a struggle. I think the death of oil has been overstated, though I think we'll continue to use it. I think we'll see natural gas play a role. The U. S has already kind of moved towards energy independence, and the ultimate goal is to have a very green energy. Life environment, But it's gonna take a period of time to get there. And what we have to do is be a little bit careful that we don't handcuff ourselves too much in this effort to go purely green Global News 24 hours a day on Erdem Bloomberg quick take powered by more than 2700, journalists and analysts in more than 120 countries. I'm Denise Pellegrini. This is Bloomberg..
"research analyst" Discussed on Bloomberg Radio New York
"An end to the soccer brought on by the Brexit vote in the summer of 2016. I'm Brian shut And I'm Charlie Pellets at Bloomberg World headquarters a day of records on Wall Street. In the final trading session of 2020 stocks climbed to records amid thin trading. Financial companies were among the best performers, energy companies slumped. And for the year the S and P was up 16.3% so moving into the new trading year. Can the stock market gains continue? Stephen DeSanctis is research analyst at Jeffrey's. I do think that you're gonna have a little bit of a sloppy or tape in the first half of the year as the kind of digesting some pre record gains here. In November, December, especially you move down market cap. The Russell 2000 small cap in the U. S is having its best quarter ever up over 31%. I think he's pulled forward. A lot of good news until we're going to need to see how things kind of unfold in the first half of the year and big picture met Horn back head of global macro strategy at Morgan Stanley sees enthusiasm for stocks continuing in 2021. We do think that risk gone is the trade for them for the first couple of months of the year? Certainly And I think once the vaccine becomes more broadly distributed around the us around the rest of the developed world kind of mid year, then I think it becomes more difficult for markets in the second half. As for the economic Outlook, no L corps on this portfolio manager at Invesco Advisers, 2020 was all about School policy, Monetary policy all about policy, right? Even when Brooke wasn't doing well. Markets were because of policy Next year is gonna be a different story. It's gonna be how growth response the Dow and s and P it records s and P up 24 again of 6/10 of 1% the Dow up 1 96 up six tents. NASDAQ up 18 up 1/10 of 1%. Global use 24 hours a day on air and on Bloomberg. Quick, take power by more than 2700, journalists and analysts in more than 120 countries. I'm Charlie Pellet. This is Bloomberg. You're.
"research analyst" Discussed on Bloomberg Radio New York
"New sandwich on your local stores menu. It's currently on Lee in Japan. I'm Brian shirt. And I'm Charlie Pellets at Bloomberg World headquarters a day of records on Wall Street. In the final trading session of 2020 stocks climbed to records amid thin trading. Financial companies were among the best performers, energy companies slumped. And for the year the S and P was up 16.3% so moving into the new trading year. Can the stock market gains continue? Stephen DeSanctis is research analyst at Jeffrey's. I do think that you're gonna have a little bit of a sloppy or tape in the first half of the year as the kind of digesting some pre record gains here. In November, December, especially you move down market cap. The Russell 2000 small cap in the U. S is having its best quarter ever up over 31%. I think he's pulled forward. A lot of good news. And so we're going to need to see how things kind of unfold in the first half of the year and big picture met Horn back head of global macro strategy at Morgan Stanley sees enthusiasm for stocks continuing in 2021. We do think that risk gone is the trade for them for the first couple of months of the year? Certainly Then I think once the vaccine becomes more broadly distributed around the us around the rest of the developed world kind of mid year, then I think it becomes more difficult for markets in the second half. As for the economic Outlook, no L corps on his portfolio manager at Invesco Advisers, 2020 was all about School policy, Monetary policy all about policy, right? Even when Brooke wasn't doing well. Markets were because of policy Next year is gonna be a different story. It's gonna be how growth response down s impeded Records s and P Up 24 again of 6/10 of 1% the Dow up 1 96 up six tents. NASDAQ Up 18 up 1/10 of 1%. Global use 24 hours a day on air and on Bloomberg. Quick, take power by more than 2700, journalists and analysts in more than 120 countries. I'm Charlie Pellet. This is Bloomberg. This is the business.
Its about to get even harder for renters
"We begin today with a pair of stories about two key parts of this economy. The first one's a quickie because it's something. We have covered every single week. Since march the number of people filing new claims for unemployment benefits seven hundred and forty. Two thousand was the number that came out this morning. That is people who've lost their jobs in the week ended saturday seven hundred and forty two thousand of big as that is it is lower than it has been overall. That is true but it's a week over week increase in that number for the first time in a month in other words. It's going the wrong way story. Number two is housing which just keeps chugging along pandemic well pandemic be darned. How about that. Because it's a family radio show. Sales of existing homes last month hit their highest level in fifteen years. That's according to the national association of realtors and yes prices were up again to more equity for those lucky enough to own now but meanwhile a report out today from harvard tells a different story about a different part of the housing market renters. Especially those with the lowest incomes. Marketplace's amy scott covers housing for us one in five renters. Earning less than twenty five thousand dollars. A year are behind on rent and chris. Herbert with harvard's joint center for housing studies says the racial and ethnic disparities are stark. While fifteen percent of white renters at that income level or behind twenty five percent of black and hispanic renters are behind and this reflects the fact that black and hispanic workers are more likely to be the sectors of the economy that have had a shutdown from the pandemic and so have lost wages meanwhile to policies that have helped renters stay in their homes. A national moratorium on evictions and extended unemployment benefits are set to expire next month so january. It could be a very difficult month for millions of renters and evictions haven't completely stopped. Carol ott with the fair housing action center of maryland says it's up to individual judges. We are seeing people being evicted through the courts. We're also seeing illegal evictions where the landlord will go and change. The locks on attendant widespread evictions could increase demand for homeless shelters. Emergency rooms and child welfare. Services says dan three a research analyst with the national low income housing coalition and the public costs to health and social services systems could range between sixty two and one hundred and twenty nine billion dollars. He says the solution is direct payments to help tenants cash up on billions of dollars in background. I'm amy scott for
The coronavirus outbreak is causing a spike in gaming usage
"And I can safely say that as I look out my back window across my little suburb of New York City here there is some kids playing video games I just know that it's true maybe they should be on the zoom in a class maybe they should be doing some class work but they're playing video games it's just a fact Michael actor is video game technology analyst for Wedbush securities he joins on the phone from Long Beach California I'm right Michael right I mean a lot of kids are playing videos out of adults are playing video games right now yeah I just took a break for playing video games this call so yes everybody's going to call that research don't you yeah exactly it is absolutely so what do we know about the the backdrop here I mean there is anecdotal evidence but I mean you've got your hands on real data here right yeah I I do but you know realistically there's two things we're gonna do whether we're indoors or outdoors we're gonna eat and we're going to entertain ourselves and you know it's it's intuitively obvious if we can't go to restaurants will eat at home if we can't go out to movie theaters and sporting events or even engage in physical activity we're going to do that at home and so you know clearly we're seeing from internet service providers that it internet usage is up a Verizon set up seventy five percent we got something yesterday from Comcast talking about wifi access and so the question is just what are people doing with the internet and then the answer is obviously they're watching a lot of video and applying a lot of games from the Spotify just said their usage is up people are just entertaining themselves in place games are the the most likely you know beneficiary of this you can do it on mobile you can do it on tablets you can do on the TV and people are doing that so are the supplies there to meet the demand of the telegraph had a report that whether to you Kerry the US there's definitely you know people are out there doing you know I'm playing video games it's a great escape right now especially those you know this feeling isolated from the rest of the world or from others and and the thing is the demands of the consoles are completely sold out so I'm just curious about supply yeah Nintendo switch is the one that it's impossible to get and you know obviously they didn't plan for a pandemic but they once again called animal crossing which is actually pretty much a single player game really fun though it's like a a life simulation you farming you trade in it's a it's a really really fun game so that the sales of acting were off the charts and people trying to get their hands on switches and I frankly think that's because there's a big demand for kids it you know adults probably can can play on PC or phone or they have consuls I'm you're not seeing ex boxes and PlayStations sold out the service which is really benefiting just because it's you know the hot item right now and they have the high came well it's also interesting you know you mentioned PC's because a lot of people and I think Carol and I are both in this category not the gamer category but more the a lot of folks are sort of amping up their work from home so they set up to me and I know we boosted our internet speed just to deal not only with my needs broadcasting the show but also in anticipation more streaming and other things that the the kids are doing with their school work and and things like that so I do wonder how that plays through especially that PC gaming part of the equation PC gamers it total about four hundred million people total and that's a lot of console gamers more like two fifty million interesting mobile mobile gamers one point five billion so you know the the the most frequently used devices are mobile phones and you can play games like candy crush on your tablet as well our PC you know the the dominate games are games like Fortnite league of legends you know so those are those are games people play all the time console tends to be things like Madden and FIFA and call of duty so the different types of experiences I think the the right analogy is like going to a movie theater to see a feature length film you know that that's what a console game is and watching YouTube videos with a mobile game is like so you know there are different types of activity for different types of devices but all really engaging and you know people play them all day long is it too early though to to make some investment calls based on what's happening now does that make any sense to even think about that at this point Michael I it's I mean beyond the pandemic I mean the pandemic is clearly going to drive up the use case for in the month of March and probably for the entire June quarter of you'll probably see some people one over permanently so you're gonna get some people who weren't really gamers before who find it you know this activities really enjoyable I actually think that we're on the verge of expanding the market just remarkably by streaming games and and that's you know Google's offering something called stadia I think Amazon's gain at going to enter the fray Microsoft and Sony each have products that allow you to play games on any device without a console or PC when that happens and I think that starts this fall and I think it grows over the next five to seven years it should double or triple demand for the content so anybody's got content is a beneficiary anybody who makes peripheral seal controllers are keyboards is a beneficiary and you know we're we're working with an ETF called gamers GMR that's ninety some odd stocks in the video game video game technology sector that's the pure play that's the easiest way to play it you're going to get exposure across border across industries to add a democratic system expand all walked right embraces you've got single you've got glue mobile you've got all the names in there well because they're also everybody other other than you know big big big companies like Google where gaming is not a big piece of their business but will be Sunday Amazon same thing but short of that yes he got all the publishers all the device makers hole the mole pure play mobile guys well and even I believe in keep me honest here Michael some of the semiconductor company's too and we talk about that with our inside our internal research analysts all the time about how when you look at the nvidia is another is of the world so much demand it seems these days I guess this was both on the PC and the and the console side is especially you know there's some there's some semiconductor demand that is driven by gaming right absolutely and you know nvidia in particular they make the high end graphics cards so you know that four hundred million PC gamers they they need a video card for two hundred fifty million console players the media video
Severe wildfires transform forests in the Cascades
"If you hike in the cascade mountains of the Pacific take northwest. You'll find yourself in the midst of dense conifer for us. At mid. To high elevations winters are wet and in summer snow from higher up the mountain. Elton melts and waters the trees but as the climate warms some of these areas are getting drier and the forest are becoming more vulnerable to frequent and severe wildfires wildfires Sebastian busby a research analyst and PhD Student at Portland State University. He says that in the burned area seat studied some important tree species. ABC's like sub Alpine for and mountain. Hemlock are struggling to grow back after these big severe wildfires it created sort of this like health scape of sorts where it's extremely dry. There's no shade. There's no organic soil on the ground and those species don't really like this conditions. The trees that are coming back are more drought route tolerance species like lodge pole pine and they're spaced farther apart. Busby says this could reduce timber harvest and diminish the mountains unique beauty but it is also how the forest will adapt to climate change. The spark of hope is that it's already organizing itself to be more resilient to the future wildfire patterns we
AirPods, a $6 billion business for Apple, will be bigger next year
"Playing the part of your this week as Bernstein research analyst. Tony Psych UNAGI. CNBC had Tony. Tony Tony Issuing a note. Friday discussing discussing the growth of air pots. The way he sees it could be stellar. second-degee things apple's truly wireless earphones. where a six six billion dollar business for the Cupertino Company this year and next year's looking significantly better the CORDING TO CNBC? The analysts said Friday. That apple could sell eighty five million air pods and twenty twenty generating about fifteen billion dollars in revenue. If sales of the wireless headphones phones grew at the same rate again. Twenty twenty one. The product would become apple's third largest business Saginaw Gi said sound Stellar Zeller. Right as I said before. A second doggy thinks it could be stellar but he doesn't think it will be comparing air pods odds trajectory to the ipads rapidly slowing growth for years after it launched. Saginaw Georg all over the earphones on Friday quoting his note given air pods extraordinarily steep adoptive. Kurban rapid saturation of the IPHONE installed base. We see a dramatic deceleration. Ration- Pods Revenue Growth by twenty twenty one or twenty two does single digit growth rates or possibly lower SAKANAKA has a market for forming on apple shares henceforth to be known as neo four.
Hasbro’s poor earnings report tells a trade war story
"The calendar proper says it's fall all the counter according to Wall Street says it's earning season and in general corporate America's doing alright that sentiment however does not extend to Hasbro the third quarter was not kind the toymaker reported profits of this morning that we're well below estimates of earnings news that is actually the story of the trade war in miniature three of tariff announcements and delays and the chaos that makes it one company just ahead of its most important season marketplace's Merrill Sagarra tells the tale in the Toy Business Chris Miss Comes in the summer that's when retailer start stocking up getting shipments of toys from Hasbro and other manufacturers they can buy those toys directly from Hasbro in the US were they can import the toys from Hasbro factories the retailer buys the product from them in China the retailer puts it on their own ship you know there's a lot mark target the big guys and they ship it to the US themselves that's Linda Bolton Wiser managing director at Da Davidson? She says a lot of retailers do this because it's cheaper they get discounts is an economy of scale but the calculation was different this summer retailers were staring down a deadline September first that was when new tariffs were supposed to go into effect on toys and lots of other stuff coming from China tariffs the retailers did not want to pay therefore if you're a retailer between June and July August you're saying Oh my God we have to change the order retailers started cancelling their shipments from China they told Hasbro to import the toys itself and tariffs to Hasbro had to scramble they had the rush around and get whatever freight on the ocean from China and they had to pay more you're but those tariffs everyone was freaking out about they didn't go into effect in September in August the trump administration delayed them until mid December to save the holiday. being season but that didn't help Hasbro the toys have already been put on the bow it takes six weeks on the boat so it's too late you can't switch it back you know and that's the problem it's not just the tariffs it's the whole on again off again thing the uncertainty Garrick Johnson is equity research analyst at B. M. O. Capital markets uncertainty is often worse than bad news because you do assume the worst and not knowing how to plan especially for very seasonal business has been very different old and this won't be the end of it for Hasbro because those tariffs are still slated to go into effect on December fifteenth unless they don't I'm Maryelle Sagarra for marketplace
US Stocks on the Move: HP, Fitbit, Box
"A handful of tech names got dragged through the red Thursday after reporting disappointing earnings results Fitbit HP Inc. Saw some of the biggest swings. Poor results. Come on the tail end of a fourth quarter earnings season that has helped fuel a twenty three percent rally since the market rout bottomed out on Christmas Eve, I want to get to New York where we're joined by John flax, Neuberger Berman senior research analyst and Chiro day with Bloomberg opinion. So Daniel all of these are different companies. But certainly tech is a common theme. What do they have in common aside from tech? Emily. I think if you look at some of the companies that disappointed today, there's some very specific stories like, for example, with Hewlett Packard, where people are worried about the printing supplies growth in printing supplies, contributes. Now size percentage of the prophet. If we look at booking or box or Fitbit. Ultimately, those are concerns around competition and the need to invest to help differentiate. But if we step back and think about what's going on in technology. A lot of the key secular trends remain, healthy, the move to the cloud, really the digitalization if you will of society. So we see a lot of opportunities even with some of the macro headwinds. So for example, we would highlight Cisco which is a leader in networking. That's really transformed its mix towards more software and services, and we think margins and earnings will be better than the market expects another name we like is Motorola solutions, which is a leader in public safety, and they're pivoting to faster growth areas like video they have an excellent. Management team. That's been able to execute on transitioning the company to new areas and expand margins. Another name we like is alphabet. We think the core. Search businesses healthy YouTube has very strong growth and newer areas. Like, the Google cloud platform are somewhat under appreciated and then longer term. They have opportunities in areas like autonomous driving with Waymo and the other one we would highlight is apple where we think the strength of that ecosystem is under appreciated while sure their concerns about the iphone and China. The install base is growing user satisfaction is high and they're doing a good job in newer areas like services and wearables and the wearables, I would say helps demonstrate that innovation is still alive. And well, so we expect the environment to remain choppy. The macro obviously is going to be a focus for some time. And none of these companies have great visibility. But those that are able to innovate and differentiate with products and services, we think can create. Additional shareholder value over the next one to two years. So here's some names. We talk about their on the show all the time apple alphabet, but some other shape names that we don't hear very often along with HP Inc box fitted as we're discussing today. How does what's happening with them fit into what's happening with big tech, Dan's point? I think was right about there is this general secular shift towards cloud technology. But what that's meant is that they're handful of high growth cloud software companies names like workday, and Viva systems, and Salesforce, and atlassian, and they've had really impressive stock price. Runups even accounting for the dip in stock market prices around September October last year, and what that's meant is that. Now, those stocks are looking pretty expensive relative to themselves and relative to the overall stock market and. The piece I wrote today was basically saying look the growth rates are coming down for those high growth software companies and the multiples of revenue their valuations are going up, and so that sets them up for a crater if and when there's any kind of hiccups in performance or the macro environment. Dan, I'm curious for your outlook on some of the big tech names that you didn't mention of course, you're talking about apple you talked about alphabet. But what about the others? Of course, we know Facebook has struggled net. Flicks is certainly in a unique position. Sure. Emily, so we like Facebook. And while we think there's a lot of work that they need to do around data security privacy. I think the company the management team is appreciating the severity of the situation, and we're seeing a greater willingness to change and try and improve the health of the platform. What's interesting there is despite all of that the metrics of the underlying business remain healthy. And if we look at some of the other platforms underneath the Facebook unbrella, you've got Instagram, which is showing very strong growth. You have newer newer properties. Like what's happened messenger? That we think could be increasingly monetize over time. So with the core Facebook, you do have this transition to stories, and it will take time. But the results to date in the outlook suggests that there is quite attractive growth shifting to net. Flicks. What we think is interesting here is that the company is continued to push ahead with differentiated and unique content. And they've coupled that with a direct relationship with their users. And so they're helping to really redefine the television experience. And so all of these companies there is execution risk. Sure. There's competition. But we think they're very interesting. Another name we would point out that we continue to like his Amazon, and the reason Amazon remains interesting in our view is they're executing well in their core. Ecommerce busy. But they're doing a terrific job with the Amazon web services. And when we speak to customers to buyers, this shift to the cloud is really very much in its infancy. And we think that they're going to have attractive growth for several years to come there. And the last piece we would emphasize with Amazon is that they have an advertising business, which is smaller. It's growing quickly. It's a creative margins and we think that's somewhat underappreciated, and so pulling this all together. The key trends around cloud mobile, social, they're not without complications. Certainly in terms of the social elements and data and privacy. And we do think more regulation is necessary. But if these companies can invest appropriately and continue to innovate than we think. There's additional value to be created and more regulation could be coming especially with the FTC forming a new task force to look at past acquisitions, even speaking of the cloud share. You've got a piece out today, titled forget fangs. Doc bubble could be in the cloud. Explain. Yeah. Yeah. And it's it's really again about looking at how expensive those clouds stocks have gotten relative to their expected revenue over the next year. I came up with the I apologize for this acronym. I came up with the fake acronym. Putin's for those to describe the socks because every grouping of stocks needs its own acronym. These days, and I looked at basically the median multiple, right? So how much investors paying for each dollar future revenue and all seventeen of this kind of grouping of cloud companies? I looked at they're all trading above their two year, multiple average. And again that implies that the expectations are now very high for those cloud software companies like atlassian and work, Dan, Salesforce, and so on to deliver on the growth promises. And if they don't we might see the kind of stock cratering that we see periodically from these high growth, high expectation kind of cloud
Slack Follows Spotify With Nontraditional IPO
"Technologies has filed confidential paperwork for its direct listing setting it up to be the second major company to use the non traditional method for its IPO Wall Street Journal reporter, Maureen Farrell has long been keeping us up to date with this story and joins us on the line. In the newsroom, it is a busy day for her. We caught her very quickly and her lucky to have her Maureen Farrell. Thank you so much for joining us. Thanks for having me, of course. So again this specific move. It was successfully done by Spotify last year. Can you actually explain this? I the direct listing and how it's different and why it matters here. Sure. So the directly thing is different from an IPO in that accompany, essentially just lip public one day and allows insiders and the people who own their stock already to be able to sell and anyone can buy that's different than a public offering. Which typically there's Wall Street underwriters who come in. And select. How much is going to be sold working with the company and who can buy shares and they pick a specific price. Instead, this it's very unique that buyers and sellers kind of just come together and start trading shares on a given day. So the the much more much different process. And the first time we've ever really seen it in in any big way was with Spotify. And it was seen as this huge gamble by them. And you know, potentially that the stock could be all over the place. It gets these huge wild swings. Instead, it was a really steady debut. The stock was not very volatile. It hasn't been all that volatile thin. So there's a sense that, you know, this is just worked really well in that case and everyone's been kinda waiting who's gonna try this next. It's it's a very different way of doing the IPO price process. Also because the company won't raise money from it. Which is typical IPO usually you sell share. So you can raise money to use for your company, but both of these companies had a lot of cash on their balance sheet. So they didn't need new capital. Now is there something about the tech sector in particular that would lend itself to do this sort of non traditional method for filing IPO? The main reason techs probably more likely to use it is because they have been the beneficiaries of so much capital. There's been so much capital on the private side trying to put money into these companies. So they have been able to raise sort of UN amounts that were never seen before and the private markets until the last few years, and that's not quite as easy and a lot of other industries. So I think that's one reason. So then these companies don't have to go out and raise capital. The other reason is normally in an IPO you have a lot of Wall Street banks coming in helping with offering hell they bring on their research. Analysts to cover these companies to get attention for them. So people say, basically, they're only certain companies that have a name recognition that people are gonna wanna buy into them. Anyway, without that, it's a little bit harder to get see that will be enough liquidity essentially enough people buying and selling buying into the company to make it work quickly. So there's a question right now. I think Spotify was such a name brand. There are questions of whether how ubiquitous slack is how well known it is outside of people who use it in the workplace. So it's going to be a question. I think you know, should slack go. Well, it could really prompt even more companies to consider this in a real way. Right. And in addition to slack other companies could very well begin trading publicly this year that includes Uber and lift potentially Airbnb. What do you think this? How do you see this playing out big picture in twenty nineteen? Will it be the big IPO year that some some analysts seemed to believe it? Sounds like they're all continuing to move towards the public market. I mean both over and lifts have early filed confidentially. So they're just going back now that the SEC's open again, they're going back and forth with SEC on the comment periods. You know, they they receive comments for the SEC. They respond to them before they can actually file something that the public will see, and then, you know, start treating so it'll be a little while. But by all accounts, it feels it's like they're moving ahead with it. A lot of other companies smaller ones are moving ahead with their the whole process behind the scenes getting ready to go public and a lot more sort of ramping up thinking about it more seriously. So it seems like this by all accounts still should be pretty huge year. As doesn't seem like any whether it was the shutdown or any volatility in the market so far this year has caused anyone to rethink their plans yet
Apple's sales deal with Amazon will benefit consumers, but harm small business
"While I worried Monday about brick and mortar retailers that might get grounded dust and Abbas path. I came across a couple of stories. Prepping today's presentation the talked about people about to be turned into ghosts and the Amazon machine seen that ran a piece profiling page while he started selling refurbished apple products when his wife needed surgery, and when they needed extra money while she went to nursing school flash forward, if you years, and it's been a successful side hustle. And the best year says the net B's he sold roughly three hundred thousand dollars worth of mostly apple products on Amazon for an after tax profit of about forty thousand bucks. It was really. Great thing for our family. Thirty five year old consulting engineer from Colorado said adding that the side business helped him pay off the medical bills nursing school and existing student loans and come the fourth of January. It all goes away for his part wile feels a bit boned, and it's hard to blame them quoting seeing that while said the threat of a potential apple deal was always in the back of his mind. But after it happened he hoped to get more support or guidance from Amazon instead he feels jilted by Amazon after selling half a million dollars in merchandise to the site in the past two years paying the company eighty thousand dollars in fees over the past three years and maintaining a superb seller performance record throughout sell until we decide to kick you off. That's the part that really gets me. He said sympathetic to both sides is counter, counterpoint Reese. Search the piece for my download blog had marines. Clain research analyst at counterpoint saying apple is attempting to regain control over its iphone sales on one of the biggest online channels third-party vendors are selling on Amazon, and it was near impossible for apple to control the supply chain, assure quality control and price. The piece continues clain says the refurbished and repair market in particular might take a hit as these companies will be forced to either move off the Amazon platform or go through the authorisation process. Even if it's unlikely that many will achieve authorized status in this new situation. Of course, this isn't the first time sellers of apple gear have suffered at the hands of apple. I found the sort of devastating peas from two thousand five it profiled apple authorized reseller locations that were either dead or dying as apple open store after store after store decades of selling apple laid waste by Apple's ascending retail arm seeing that says Napa Representative didn't comment for Monday's story. But the rep previously said the company is working with them Assan to improve the experience for apple customers on their site. Ask. By that about sellers likely to be affected by the deal and spokesperson said sellers are incredibly important to Amazon and our customers, and we are notifying them now. So they can prepare for this change. That times. Amazon has seemed terrible in the way. It's treated up counterpoint says the new deal between the two companies is a win for both. That neither seems overly interested in who loses. As a result may be terrible. But isn't terribly surprising.
Apple's App Store ads could be a $2 billion business by 2020, Bernstein analyst predicts
"Going against the grain on Monday was Bernstein research analyst, Tony Saginaw gay. While most of his apple analyzing compatriots were writing about iphone. The sack nature was writing about apple services. Specifically, search ads found in Iowa's. CNBC has the analysts saying he thinks those alone could generate revenue of two billion dollars annually for apple by twenty twenty four times the five hundred million. He thinks generate this year two ways. He thinks apple could achieve that more locations and more ads after he appeared. On CNBC's halftime report. The site said, he's said that apple search ads or not yet offered in China, representing a huge opportunity for growth. Unlike search ads on Google and Amazon apples or currently limited to one add on the first page of results, leaving it more room to include more ads in the future. More news in a moment, but first word from molecule, the
Wells Fargo profit misses estimates on lower loans, higher expenses
"I think the the biggest thing that they've done a strategically the banks especially the u s banks over the last several years has been invest in technology and really we are starting to see some of the benefits of that and if you think about the financial industry over the very long term technology's always been important although a lot of the application of technology has really gone towards cutting costs and improving back office functions and i think over the last several years there's really been a recognition about sort of strategic aspects of technology so more on the front end of things getting more aggressive in using technology and customer acquisition and so i think we are going to continue to see that we're seeing where we've seen some benefits of the technology investments they've made a recent years now with tax reform obviously a lot of that's hitting the bottom line but banks are also using some of that to make more investments so just thirty seconds here bankamerica shares are really active this morning bank of america reporting on monday shares down about half a percent is this view that basically wells fargo is really the bellwether for the entire industry and that possibly thanks can be disappointing outside of j p morgan so for bank of america i think what investors are probably looking at is what's happening with deposits and the possible re through frank america you know long growth i think has has i think j p morgan is probably the best read as far as bank of america goes out growth came in at the higher end of their expectations again wells fargo is unique story city has a very different footprint so i think it is the net interest margin keep in mind that bank of america is more sensitive it's it's a reason why a lot of generals portfolio managers have interested in that stock as the trading results very positive from jerry jp morgan positive fees but you know city city taking a little bit of that read through all right allison williams thank you so much for being with us always illuminating to have you on williams is our head financial research analyst here at bloomberg intelligence and just now thank america shares down seven tenths of one percentage point they report earnings on monday from new york and from london this is bloomberg surveillance bloomberg market i'm pimm fox in for carol massar we begin earning season with results.
Malaysia approves anti-fake news bill ahead of elections
"Twenty to eleven here in london you're listening to the monocle daily life from studio one here at madore house that how do you read the well to fake news well in malaysia it's been made illegal anyone convicted of publishing so cool fake news at home or abroad could face six years in prison the announcement just happens to come a few days before the prime minister naji bresnik is expected to announce the dissolution of parliament ahead of june general election what a convenient coincidence this is what i'm joined by villa nance his research analyst at the international security studies department of the royal united services institute chief oh kisses on geopolitical relations in the asia pacific region welcome back to the studio we're gonna see later on for the newspaper review villa but first let's have a look at this issue it's happening in malaysia what exactly is fake news in the eyes of the malaysian authorities so i've got the definition according to them right here and that is fake news is news information data and reports which is or are wholly or partly false and it includes features visuals and audio recording so it's quite broad really quite a broad definition of a supposed fake news it will cover digital publications and social media and it applies to spreaders militias spreaders of fake news inside and outside of malaysia including foreigners if malaysia or malaysian citizen is affected that's interesting isn't it it's not just criticism from insight malaysia this is anybody let's say you are i who start to say something which is not necessarily true but which could damage for example the administration of the prime minister g bresnik what does that do you think go to do the for the for there's been quite a lot of scandal involving the sovereign wealth fund i m d bay that that has put prime minister g brisac reiten spotlight app.