11 Burst results for "Saudi Foreign Ministry"
Bloomberg Radio New York
"saudi foreign ministry" Discussed on Bloomberg Radio New York
"I mean, he talked about the world's facing this moment of danger, we're forcing the same in Gaza, along with what he called the trip wires that contribute conflict in Taiwan and the of South China Sea. He was quite human. You're here in Singapore and you're surrounded by a lot of business leaders, a lot of chief executives, just like Corey about talking about the danger that we're facing. So a lot of them will focus on the economy, but he really put it very bluntly. He said, look, I'm very uncomfortable, I don't want to be excessively honest, but the last time this happened globally was the First World War, so this is a moment of danger. So that set the tone. Then we heard from the Saudi investment minister, we heard from the Chinese, of course, vice premier, and they both sounded alarms, not in the same tone as the Singaporean foreign foreign minister, they said, look, we need much more cooperation and we need countries to come together. Discussions and so far have been nominated, as you say, about the rise of AI. We had a panel on the power of the people about whether AI will displace a lot of workers or whether there's also something good to gain from that. And then China's economy was also really one of the key discussion points. At the start of this three day forum, tomorrow, we move on to business leaders, especially finance, with the UBS chief and the UBS chief. Yeah, you mentioned U .S.-China relations there, Fran. Of course, Chinese vice president speaking there in Singapore just days before we've learned that U .S. President Joe Biden is going to meet the Chinese leader Xi Jinping. How much of U .S.-China relations are feeding into the discussions of the U .S. here from the vice president on addressing some of these key talks on the sidelines of the Asia -Pacific economic cooperation in San Francisco, where Joe Biden is expected to meet the Chinese leader? But he didn't make it, when he opened the forum, he didn't make it the center of his conversation. And he did say that recent high -level meetings between two countries have raised expectations in the international community, but again, warned protections and de -risking trends. So we haven't really seen, because of everything that's going on, any positive messaging. I think it's, the messaging here is really very much what we see on the market. A lot of caution. He did say, the Chinese vice president saying that the world is big enough for both countries to get along, to try to emphasize that China still remains committed to opening up and is both a supporter and beneficiary of globalization. But if you look at the Chinese economy, from the concerns that we have for it, it's not something that he really addressed. So we'll try and see whether the fact that the global economic recovery is lacking momentum, that will also be exacerbated by some of the troubles that we're seeing in China. Fran, so there are many big names there. I mean, the Goldman Sachs president and COO, UBS, the CEO Sergio Amorti, Citadel CEO Ken Griffin, many of the leading business people are there. I know that Goldman Sachs was talking about inflation remaining a big risk. you What do think you is the, what are we hearing basically from the business leaders in of risks? Yes, he was very good. We heard from John Waldron of Goldman Sachs and you know I think everything is linked actually Caroline. When you look at inflation being the biggest risk, then it goes back to the price of oil, something that Saudi Arabia, the investment minister didn't really want to talk about. But of course it's the biggest concern to the economic recovery. And if you even look at the cost of money, which I think is probably what underpins all of the concerns in the market, so the cost of money and the cost of credit, it's very simple to say look this one is bank to inflation, this one is bank to what the Fed is doing. And then there was a great piece by Tom Orleck, our chief economist, that says there are also structural reforms or structural concerns that they backed 15, 20 years that explain why the cost of credit will stay high for quite some time. And where that ends up in terms of companies going into portfolio building, one no really is quite sure. We also spoke to Jenny Johnson, who is president and chief executive officer of Franklin Templeton, and she says portfolio diversification remains critical because there are these big risks arising without warning. And so at least if you're diversified, you always have something to fall back to. But she did say we'll only get tougher for central banks battling inflation because if you look at 8 % inflation to 4%, maybe that's coming our way, but then the real pain that we could feel in the market is central banks have to get inflation person from 4 % to 2%, which is their target, and that could be the critical moment in the next couple of quarters where we could feel further interest rates rise if inflation get that 4 % mark. OK, Francine Lacqua, our editor -at -large from Bloomberg's New Economy Forum in Singapore. says that its troops are continuing fighting inside Gaza City. We've also heard from Parid al -Fali, the Saudi Arabia Investment Minister, talking about the normalization of ties and Talks the around that issue between Saudi Arabia and Israel are ongoing, but that Pinch on the Palestinian question. I think important to underline this. It was one of the big questions around ...the war between Israel and Hamas. The other issue being civilians, The UN is deeply concerned for supplies reaching civilians within the Gaza Strip, especially ...women giving birth, Israel talking about Palestinians being able to return to their homes after the fighting, but the difficulties of that. Let's bring in Bloomberg's Middle East TV anchor Yousef Kamal al -Din for on more this. Yousef, how significant were those comments from Saudi Arabia's Investment Minister about ties with Israel and normalization still being on the table? I mean, they were significant, but they also underscored what we already knew in that the longer term Saudi Arabia was still open to a reconciliation with Israel and that much of that debate is going to be centered on the outcome of the Israel -Palestinian negotiations and ultimately a two -state solution. The Saudi Foreign Ministry has been quite clear on this in terms of their view on the war today and how that could affect the trajectory of the negotiations going forward, but still very important to hear at a critical time from the upper levels of the Saudi ruling family. What do we know currently about Israel's military offensive in Gaza City? I mentioned the concerns around civilians trapped in the area. What's the today, Yusuf? Well, the United Nations put out a statement saying that over 5 ,500 children have been born since the war started and about 180 women give birth there every day. And this goes back to the bigger calls for an immediate ceasefire or a pause or any way to get in fuel and clean water that is needed to provide safe childbirth conditions. That is what one of their key people said at their headquarters in New York City. And the suffering continues. Innocent people are dying and there's still no clear view on when this is going to timeline. Yeah. Okay. Very interesting to get the latest on that. Yusuf Kamel al -Din, our Middle East TV anchor. Thanks very much joining for us with the latest on that story. What we've been hearing from the Israeli military is that IDF forces are in the heart of Gaza City. That's what the defence minister said late last night, and this as they continue their military operation targeting Hamas. Yeah. Now coming up in the next part of Bloomberg Daybreak Europe. We'll bring you our interview in full with Saudi Arabia's investment minister Khaled al -Fali also So the US National Security Council spokesman John Kirby talking about attacks on US troops in the Middle East is being deeply concerning. Our conversations around the Middle East continue and we will also update you on the markets. This is Bluebird. Mm. Mm. Mm. Bloomberg Radio on demand and in your podcast feed on the latest edition of the Bloomberg Daybreak US edition podcast we discussed the first month of the Israel -Hamas war with Bloomberg's Khalid Altstein in Tel Aviv. We've been hearing on Prime Minister Netanyahu tonight. He speaks to BBC News in an interview. He references the talks of a possible ceasefire in the Gaza Strip and he says that it's totally dependent on the release of all Israelis being held hostage Hamas by however he does say that Israel could allow tactical process for humanitarian purposes he says and now we're here and now we're there quote unquote and he explains that in his opinion a ceasefire would hamper the
Bloomberg Radio New York
"saudi foreign ministry" Discussed on Bloomberg Radio New York
"About efforts of third parties to prevent the the war which is around corner of the retaliation but there is no there is no Palestinian side in Gaza you can speak to the Palestinians in the West Bank but they are not controlling so in a situation of no address I think that it is almost impossible to prevent the next steps which will be a game in a helping innocent civilians on on the Palestinian side and then again retaliation on the Israeli side and it may be a process you don't see 1100 people more than 1 ,100 people have so far been determined to have died and killed in this conflict mean I'm trying to get visibility on who needs to do what to make this stop and what kind of timeline comes with that I'm breaking my small head to see a way out usually I have ideas to say okay let us now see let a third party be involved I mean unless there is something is which really really unexpected like a a declaration of Hamas that they now prove that they could help Israel and now they would like to turn to another roof and to negotiate or recognize Israel declare or that they they will never use their you know something like this which will not happen then we are doomed to something which is this stupid because is the only way I mean violence and and personally I hate the situation in which you don't have any other way but to use violence you know that it will not change the situation in the long run I mean we've heard from the Iranian side in terms of supportive messages towards the terrible events over the weekend what what does the chronology of events look like from this point onwards does you know Lebanon get dragged in if gets dragged in are we going to see you know a response for the response from Israel then does Iran step up I mean you know where do the dominoes fall yeah it can be the doomsday it you can you cannot know in advance what it might happen mainly because you are not dealing with rational players with rational players even if there is hatred or whatever there is some way out which is not necessarily the cute kindergarten solution I will hit you and you will hate me and I don't see this happening so if something you can of course describe a worst case scenario I hope that it will not happen but it is if it happens Israel will have to to deal with it and to retaliate and to defend itself and Israel has a very strong army the fact that it was totally surprised on Saturday doesn't mean that it cannot deal with the situation we saw the statement from the Saudi foreign ministry which basically tried to remind all stakeholders that they have held the position that a two -state solution is the only way out of this and that the repression of Palestinian rights over the long term just doesn't work what do you think happens to the normalization with Saudi Arabia I mean we were or it felt like we were close to signing a deal between Israel Saudi Arabia and the United States but that looks like it's been pushed far far up I hope that it will stop and you know when when we speak about the two -state solution and I agree that this is the only solution Hamas is not part of it. Hamas doesn't want a Palestinian state. They don't want a two -state solution. They want an Islamic Kingdom. It is very very close to ISIS when you see behavior their when you see you you watch what they are speaking about you are trying to understand what do they want and and you cannot but that something which is not in the cards of former anybody was Israeli Justice Yossi Bellin there speaking to Bloomberg's Yousef Gamal al -Din. Very interesting to hear his perspectives given that part he was of the team that initiated the Oslo peace process in the So interesting to hear his reaction to those latest events as we are watching for the updates as we've been getting them throughout the morning now on the financial front we've had news of action by the Bank of Israel this morning selling up to 30 billion dollars it change as it prepares to shore up markets in fact that program itself unprecedented in its announcement to supply dollar liquidity to local lenders as well after the surprise attack by Hamas militants over the weekend so it's going to include that 30 billion that that it could sell up to a maximum of an extend up to another 15 billion dollars worth of swap mechanisms according to the statement issued by the central bank this morning the reaction to that we've seen on markets has been a weakening in the shekel now it's currently only down six tenths of one percent but had at one point hit its lowest level seven in years falling as much as two percent that's part of the financial reaction to events that we've seen in Israel over the weekend and we are joined now though by israeli military spokesperson darren spielman adorn very very good to have you on bloomberg radio with us this morning can you please first of all update us on the latest situation on the ground are there still areas that you're trying to secure at this stage so yes good morning and may it be a good morning for the residents of the state of israel who are still in shock and recovering from what is the most difficult time perhaps in our history the largest massacre of israeli civilians men women and children uh really in the history and and every time unfortunately the radio announcements go out the tv announcements goes out those numbers just continue to climb today in israel we still are actively fighting uh terrorist infiltrations in seven different communities along the border of israel and we have to understand that these are communities of men women and children just think of neighborhoods normal neighborhoods of families with homes and parks in the middle and are still terrorists that are inside homes inside parks there are hostage situations and it's incredibly to difficult remove those terrorists to neutralize those terrorists because they've embedded themselves inside communities inside schools medical clinics so there are ongoing hostage situations in southern israel at the moment yes particularly in one community what and we've seen over the last 24 hours is additional terror cells that have crossed over and are in hiding have come up and have appeared and so there's an it's an ongoing search for example not that long ago a terror cell appeared took took over an ambulance drove that ambulance towards central israel and thank god they were neutralized they before could reach the southern town of ashtod which is very close to tel Aviv how large at the is moment your deployment in that region so we've now deployed four divisions in that region including special forces and we're also those divisions are spread out on the entire border patrolling security fence uh... which has as we know have numerous bridges and then the around ninety percent of them have been uh...
Bloomberg Radio New York
"saudi foreign ministry" Discussed on Bloomberg Radio New York
"This conflict I mean I'm trying to get visibility on Who needs to do what to make this stop and what kind of timeline comes with that? I'm breaking my small head to see a way out. Usually I have ideas to say okay let us now sit together let a third be involved I mean unless there is something which is really unexpected really like a a declaration of Hamas that they now proof that they could help Israel and now they would like to turn to another roof and to negotiate or recognize Israel or declare that they they will never use their you know something like this which will not happen then we are doomed to something which is stupid because this is the only way I mean violence and and personally I hate the situation in which you don't have any other way but to use violence we know that it will not change the situation in the long run I mean we've heard from the Iranian side in terms of supportive messages towards the terrible events over the weekend. What does the chronology of events look from this point onwards does you know Lebanon get dragged in if Lebanon gets dragged in are we going to see you know a response for the response from Israel then does Iran step up I mean you know where do the dominoes fall yeah it can be the doomsday it you can you cannot know in advance what might happen mainly because you are not dealing with rational players with rational players even if there is hatred or whatever there is some way out which is not necessarily the the killed garden I solution will hit you and you will hate me and they I don't see I and don't see this happening so if something you can of course describe a worst -case scenario I hope that it will not happen but it is if it happens Israel will have to to deal with it and to retaliate and to defend itself and Israel has a very strong army the fact that it was totally surprised on Saturday doesn't mean that it cannot deal with the situation. We saw the statement from the Saudi Foreign Ministry which basically tried to remind all stakeholders that they have held the position that a two -state solution the is only way out of this and that the repression of Palestinian rights over the long term just doesn't work. What do you think happens to the normalization with Saudi Arabia? I mean we were or it felt like we close to signing a deal between Israel Saudi Arabia and the United States but that looks like it's been pushed far far out. I hope that it will not stop and you know when we speak about the two -state solution and I agree that this is the only solution. Hamas is not part of it. Hamas doesn't want a Palestinian state. They don't want a two -state solution. They want an Islamic Kingdom. It is very very close to ISIS when you see their behavior when you see you watch what they are speaking about you are trying to understand what do they want and and you cannot but that something which is not in the cards of anybody. Yossi, it's been great to get you to weigh in on these developments. Yossi Bailin is the former Israel Justice Minister and also the initiator of the Oslo peace process. Well, still ahead, your let's get snapshot of what's in the pipeline. More on the ramifications of the Israel -Hamas war and the region's markets. It's going to be with Divya Aurora of demand investments. But first we'll discuss the global market action with the Fed's hire -for -long review and China's recovery in focus. Raffaele Bortoni, he's from the Gulf Investment Corporation and he's going to join us next. This is Bloomberg. Thanks for watching. Thanks for watching. Thank you. Thank you. We know the difference between bank and the banking business. The new chief executive will take the bank in a different direction. Your clothes in the fashion industry. This is the new look of retail. Your house and the real estate market. Is that something you see reflected in the real estate business? So do we. Bloomberg, for your professional side. Is the U .S. really that immune to of those some influences? Bloomberg Radio. The Bloomberg Business. Radio dot com and iHeartRadio apps and Bloomberg Radio com. dot Bloomberg.
Bloomberg Radio New York
"saudi foreign ministry" Discussed on Bloomberg Radio New York
"Tom 24 Busby. hours Stay with us. a day Top stories at and Bloomberg global .com business Former and Tuesday President the in Bloomberg Donald connection Business Trump with Act. the is federal scheduled charges to against appear in him related court this to his handling of classified documents. They allege Trump stored classified information including U .S. nuclear programs and defense and weapons capabilities at his home in Florida. The actions taken by Special Counsel Jack Smith and the Department of Justice make Trump the first former president in U S. history to face federal charges. Saudi Arabia and the U .S. are announcing a 24 hour cease fire between the Sudanese armed forces and the rapid support forces there. A statement from the Saudi Foreign Ministry says the cease fire started yesterday. Both warring factions have agreed to rest and let humanitarian aid get through to citizens throughout Sudan. A New Jersey man who died after jumping into the water on the Jersey shore to save his daughter's has life now been identified as a member of the New York Fire Department. Jonathan O 'Halloran has more has been identified as 39 year old Mark Batista, a veteran of the FDNY, assigned to Engine Company 226 in Brooklyn. In a statement, the FDNY says Batista was a dedicated public servant who spent 15 years serving in the FDNY as both an EMT and a firefighter. Batista had gone into the water Friday morning to rescue his 15 year old daughter in a van by the sea after she was caught in a rip current. First responders were able to save his daughter but found Batista's body a short time later. Arcangelo's the winner of the 155th Belmont Stakes. The Preakness of International Treasure led much of the race but Arcangelo took the inside track on the final turn and never looked back. The horse closed at 7 to 1 on Saturday morning. One of the biggest names in combat sports is tiring Amanda Nunez laid her UFC championship belts and her gloves on the Octagon mat following her victory over Irene Aldana at UFC 289 yesterday in Vancouver. Nunez won by unanimous decision in the pay per views main event. The 35 year old finishes her career with a record of 23 and 5 and the holds women's bantamweight and featherweight belts. I'm Scott Carr. Ted Kaczynski, the man known as the Unabomber was found dead in his prison cell Saturday. spokesperson A for the Federal Bureau of Prisons says the 81 year old was found dead at the North Carolina Medical Center where he'd transferred been in 2021 for health reasons from a maximum security Colorado prison. Kaczynski's considered America's most prolific bomber. Former FBI Special Agent Clint Watts says he led agents on a massive investigation spanning many states and jurisdictions over two decades before his arrest in 1996. They investigation. Watts says the Kaczynski case was especially tough to crack in the pre -digital era. Very different from the investigations you'd see today, which largely are driven by internet traffic, social media presence, doing, you know, holes of cell phones and credit cards. Kaczynski admitted to committing 16 bombings between 1978 and 1995. A member of a legendary broadcasting family died. Thomas Sarnoff passed away today at the Picture Motion and TV Fund's nursing home in Woodland Hills. He was 96. Thomas was the youngest son David of Sarnoff, the Russian immigrant who became president of RCA and later founded the National Broadcasting Company in 1926. Thomas Sarnoff joined NBC in 1952 after working for ABC and worked as NBC's staff executive vice president on the West Coast. NBC is canceling a pair of shows now, including the series Young Rock. Hey, I do. He looks so cute when he's acting tough. Based on the life of Dwayne The Rock Johnson, also the followed show his character as he transitioned from wrestling all the way to Hollywood. The show lasted three seasons. NBC also canceled the comedy Grand Crew after just two And seasons. I'm Denise Pellegrini in the Bloomberg Newsroom. Investors are waiting for Fed chair Jay Powell's press conference Wednesday after the FOMC meeting wraps up that two -day meeting and the Fed announces whether it's holding, hiking or cutting interest rates. The Fed widely expected to the pause announcement expected at 2 p .m. Wall Street time the press conference shortly thereafter. We'll have live special coverage for you here on Bloomberg Radio and Linda Dussel, senior equity strategist at Federated Hermes, says there's good reason to think the outlook is mixed if this economy just carries on as it has done. And if we see can inflation come down, which we will do, although having stubborn wage inflation
Bloomberg Radio New York - Recording Feed
"saudi foreign ministry" Discussed on Bloomberg Radio New York - Recording Feed
"And streaming platforms including Roku, Amazon Fire TV, Samsung TV Plus, and more. Find our Bloomberg Businessweek podcast at Bloomberg .com, Apple, or wherever you get your podcasts. The latest edition of the magazine, available on newsstands now at Bloomberg .com slash Businessweek and always on the Bloomberg Terminal. Have a good and safe weekend, everyone. For Matt Miller, I'm Carol Masser. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Former President Donald Trump is calling his criminal indictment a travesty of justice. He spoke at the Georgia Republican Convention last night. The ridiculous and baseless indictment of me by the Biden administration's weaponized Department of Injustice will go down as among the most horrific abuses of power in the history of our country. Many people have said that. Democrats have even said it. The remarks come just a day after the Justice Department unsealed a 37 -count indictment against Donald Trump, alleging he mishandled classified documents after leaving office. Saudi Arabia and the U .S. have announced a 24 -hour ceasefire between the Sudanese Armed Forces and Rapid Support Forces. A statement from the Saudi Foreign Ministry says the ceasefire started yesterday morning. Both warring factions agreed to rest and let humanitarian aid get through to citizens throughout Sudan. There's evidence now that a common drug used to treat diabetes has the power to prevent long COVID. Lisa Taylor has details. A recent study led by researchers at the University of Minnesota found that metformin lowers the risk of getting long COVID. The study revealed that overweight or obese people between the ages of 30 and 85 who had long COVID were about 40 percent less likely to develop long COVID if they took the drug.
Bloomberg Radio New York
"saudi foreign ministry" Discussed on Bloomberg Radio New York
"Stay And Former with us. president the Bloomberg Today's Trump top Business says stories his Act. and latest global indictment business headlines is actually driving Broadcasting his poll numbers 24 key up hours convention a speaking in day Columbus, at at Georgia. bloomberg a Trump said that it's a horrible thing for the country, that the only good thing about it is poll numbers are way up. Trump added that his fundraising numbers are through the roof after he sent out a message following the indictment asking for donations. Trump's remarks in Columbus come a day after the Justice Department unsealed a 37 -count indictment against the former president alleging he mishandled classified documents after leaving office. Trump is scheduled to be arraigned on those 37 criminal counts Tuesday in federal court in Miami. President Biden has a message for transgender children and the entire LGBTQ community. You are loved. You are heard. You are understood. And you belong. The president spoke today the on South Lawn at what he called the biggest pride celebration ever at the White House. He praised the LGBT community for its courage and for the hope it provides to the world. Bush said his administration is committed people to the safety and of again all pushed for a ban on assault weapons. Among those in attendance today were some of the survivors of the 2016 Pulse nightclub shooting in Orlando. Saudi Arabia and the US are announcing hour a 24 ceasefire between the Sudanese armed forces and rapid support forces. According to a statement the from Saudi Foreign Ministry the ceasefire started Saturday morning. Both warring factions agreed to rest and let humanitarian aid get through to citizens throughout Sudan. Arcangelo is the winner of the 55th Belmont Stakes. Preakness winner National Treasure led much of the race, but Arcangelo took the inside on the final turn, never looking back. The victory makes Jenna Antonucci the first trainer to ever win a crown triple race. The horse closed Saturday morning at seven to one odds. I'm Tammy Trujillo. The New York legislature is okaying bill a commissioning a study on slavery reparations. Sarah Lee Kessler reports. The bill passed Thursday night and will now head to Governor Kathy Hochul's desk. It creates a commission to examine the institution of slavery plus racial and economic discrimination against people of African descent. The first African slaves arrived in New York around the 1620s and built Manhattan's infrastructure. The commission would consider compensation for descendants of slaves. New York now becomes the second state following California to address the issue of reparations. I'm Sarah Lee Kessler. The U .S. Department of Defense has promised an additional $2 .1 billion in security assistance for Ukraine. The package comes as Kiev begins a counteroffensive against the invading Russian troops. The U .S. committed has $40 billion in security assistance for Ukraine since Russia's invasion in February of 2022. Pope Francis is said to be recovering well from a recent surgery, but he'll stay in the hospital through all of next week. Brad Siegel has the latest on the pontiff's condition. Doctors advise the 86 -year -old pope not to deliver his Sunday blessing from a hospital balcony tomorrow to avoid strain on his abdominal walls. Francis a underwent three -hour surgery in Rome on Wednesday to repair an abdominal hernia. Back in 2021, after the pope's last surgery, he was able to stand and deliver his blessing from the balcony at the same hospital, but that was after seven days of recovery. I'm Brad Siegel. Brian Cranston's clarifying the recent comments he made about taking a break from acting. The actor previously told British GQ magazine he plans to take a break in 2026 when it be will 70. He says he wants to spend more time with his wife and thinks hitting the pause button will allow him to reset his acting career and take on new roles. Cranston's best known for his portrayal of Walter White in Breaking Bad is currently starring in the TV series Your and I'm Leslie Lotto in the Bloomberg newsroom. Here are some of the stories we are watching. The Energy Department announces it plans to buy 3 million more barrels of crude oil for the Strategic Petroleum Reserve. A previous solicitation for about 3 million barrels ended in contracts for five companies. of The Department Energy announced the average price was about $73 per barrel. It's to help replenish the emergency reserve after the agency approved the release of over 200 million barrels last year partly to curb high energy prices. Some of the contracts went to ExxonMobil for 900 ,000 barrels and Sunoco for 300 ,000 barrels. The UBS takeover of Credit Suisse could be legally closed soon. Bloomberg's Denise Pellegrini is tracking that story. A memo seen by Bloomberg News shows Credit Suisse Group chief exec Ulrich Korner has indicated to employees now that Credit Suisse takeover by UBS will close on Monday and the memo circulated to employees says Monday will be a historic day for the bank and a pivotal moment for UBS for Switzerland and for the entire financial services industry. UBS acquisition of Credit Suisse is set to create a new European banking giant. It also marks it into a fraught few months for the industry as embattled the Swiss lenders struggled and ultimately failed to stay afloat. Denise Pellegrini, Bloomberg Radio. The National Retail Federation has wrapped up a conference in Texas focusing on the latest tactics to security tackle threats. Walmart President John Ferner talked about pulling out of places like Chicago and Portland, Oregon due to losses, adding it's a difficult decision to close the store. Ultimately, it's a really hard decision to lock up inventory. It's a really hard decision. Ferner says businesses need to work together to stop organized retail theft. Netflix seeing a bump in subscriptions since it implemented new password sharing rules. Bloomberg's Kim Kerrigan explains. The television analytics company Antenna reports the streaming giant saw its best four day period of new signups in the U .S. in the days following the announcement. Netflix gained nearly 100 ,000 new subscribers on May the 23rd and an average of 73 ,000 new signups during the four day span that marked a 102 % increase from the previous 60 day average. Kim Kerrigan Bloomberg Radio London based boutique asset management firms distancing itself from its founder after fresh sexual assault donations were leveled against him. A statement today from OD Asset Management says a Crispin OD will no longer have any economic or personal involvement in the partnership. The partnership will now instead be owned and operated by the rest of the partners and managed as an independent legal entity. The 64 year old OD denies the allegations that he harassed anyone over a 25 year period as alleged. Global News 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I'm Leslie Lotto and this is Bloomberg. I'm Wes Kosova. Today on The Big Take, why are so many outsiders paying big money for football clubs and can they pay for football Tete looks deep and awkward and banging and it goes! Way back in 1997, an Egyptian businessman named Mohamed Al -Fayed bought Southwest London's Fulham Football Club. He paid about nine million dollars for it. And that was a big deal because at the time most football clubs across Europe were largely still owned by local business people.
Bloomberg Radio New York
"saudi foreign ministry" Discussed on Bloomberg Radio New York
"Has your risk. While equity markets managed to claw a n-th of a percent back from the capsizing that took place on Friday, the NASDAQ is just off the lowest level since 2020. The wealth effect, $15 trillion globally has been wiped off global equity markets. That is almost as much as 2008. I've just had Brett mcgonigal from capital link talking about the fed's function in this market. Let me roll it over, show to you in the bond markets. Brett's point as he walked off set was that the schoolyard bully is in effect the fed in terms of momentum it's delivering to the dollar and in terms of what it's doing to rate. It's pushing too hard. It's front loaded too aggressively. I mean, they can't win. They were left behind last year in terms of not responsive enough. You'll stop this morning to your paper trades at 4.46. You are hearing bollard at possibly open to a larger hike in December, don't forget he's a fan of front loading, roll it over. Have a look at the oil. I mean it's really ramping up in terms of the rhetoric in the oil market. The White House says there was no market basis for the production cup and they told the societies that. Other OPEC nations of Bloomberg scoop felt coerced to support the societies and the Americans are saying the Saudi foreign ministry can try and spin it or deflect any way they want. The market is tight, we're up 7 tenths of 1%. That surprising given that cove and giving that she did not move at all on COVID. A quick snapshot of Bitcoin because Greg the producer wants to see the wealth effect for himself. He's poorer. There you go. This is Bloomberg. Are you interested? Progressive snapshot can save you money based on how you drive and how much you drive. So the safer you drive, the more money you could save. Now, if you didn't hear that because you were yelling at another car while driving, let me say it again. You need to calm down. Yelling is just making everyone is stressed out as you are and letting them all know that you definitely aren't trying to save
Bloomberg Radio New York
"saudi foreign ministry" Discussed on Bloomberg Radio New York
"Clear Nathan here world and national news. Yep, it's working. Thank you, Paul. President Biden is warning prices will go up, not down if Republicans take control of Congress next month. The White House put out a statement after the latest reading on consumer prices showed the core, rose to a new 40 year high last month. President's top economic adviser Brian Dee says those numbers need to be put in context. We are seeing some progress. If you look at annualized headline inflation over the last three months, it was about 2%. That's down from 11% in the prior quarter. Now a lot of that is the significant reduction in energy prices and in gas prices at the pump. National economic council, director Brian D spoke with Bloomberg television, President Biden says Republicans top priority if they do take Congress would be to repeal his tax and climate spending plan known as the inflation reduction act. The White House is ramping up its war of words with Saudi Arabia over last week's OPEC plus production cut National Security Council spokesman John Kirby says the U.S. told the kingdom last month there was no market basis for the reduction and he says the cartel could have held off until after the November midterms. Yesterday, the Saudi foreign ministry says the cut was made to avoid market volatility and denied it was intended to help Russia. In Ukraine, Russia is carrying out a fourth day of attacks. This time with Iranian made drones. Key of mayor, vitali Klitschko says the Russians are targeting critical infrastructure, including the historic center of Ukraine's capital. Bring the whole country cows and it's not this special operation is genocide of Ukrainian population. Kyiv mayor vitali Klitschko tells Bloomberg the attacks are strengthening Ukrainians resolve. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in
Up First
U.S. says Saudi crown prince approved Khashoggi killing, imposes visa restrictions on 76 Saudis
"It was just about two pages long but those pages carried the weight of the. Us government will not proven a summary of findings issued by us intelligence agency state that saudi arabia's crown prince approved two thousand eighteen killing of jamal. Khashoggi it's been long suspected that prince mohammed bin salman defacto leader ordered the murder but the release of the summary finding sends a clear signal. That president biden's taking tougher stand against the kingdom than his predecessor. Npr's jackie northam has been following developments and joins us. Jackie thanks so much for being with us morning. Scott hi please give us an overview of the main findings right well just to be clear. There's no smoking gun but you know. There's a lot of circumstantial evidence in this two page report. And let me just read you a line from it. If i could quote the crown prince has had absolute control of the kingdom security and intelligence organizations making it highly unlikely that saudi officials would have carried out an operation of this nature without the crown prince's authorization unquote and scott. It goes on to say that members of his close inner circle were involved. In the killing and dismemberment of kashogi and the crown prince has supported the use of violent methods to silence dissidents abroad. And you compare what's in this report to what president trump said when asked about whether the crown prince had any knowledge of the killing and he downplayed it saying maybe he did. Maybe he didn't and One of the things to keep in mind. You know this report is a summary and there's a lot more evidence that the cia has about khashoggi's death that remains classified this report summary note but Does seem to say pretty bluntly that. The saudi crown prince has blood on his hands What kind of potential impact Could this happen relations between the us and saudi arabia. Which after all has been a very close ally for decades right. yeah well. it's it's definitely bound to have an impact you know. The crown prince is likely to become king of saudi arabia. And we'll be around for a very long time and it'll be interesting to see how the us will deal with him both in the short term after this report and certainly in the long term once he becomes king. We don't know how that's gonna shake out yet but as you say. Saudi arabia is a longtime ally in a really strategically important area of the world. You know in an interview with npr. Yesterday admiral hanes the director of national intelligence. Said it was just too soon to tell if the relationship has been damaged by this. Let's have a listen. It is not surprising. I suppose to see a shift in the relationship in some ways with the new administration and a new position and the number of challenging issues that we face together. But i think there will be what he's to whether the various storms that we have in front of us and one other thing. The saudi foreign ministry said on friday that the kingdom has already jailed. Those responsible for kashoggi's killing and that while it completely rejects the reports findings it called. Us saudi relationships robust and enduring. Jackie calls from From many quarters Clothing members of congress Human rights organizations calling on president biden to to punish sanction of the crown prince For his role in khashoggi's death. How likely does that seem to be. Biden's stop short of severely punishing the crown prince. But he said on. Friday evening that from now on the kingdom is going to be held responsible for human rights abuses and he said that there would be more significant changes announced on monday. He didn't indicate what those might be. But you know the administration did take some other steps yesterday. It announced something called the kashogi ban which allows the state department to impose visa restrictions on anyone acting on behalf of a foreign government Who's threatening dissidents overseas and it's already imposes kashogi ban on seventy six saudis and their families. And you know secretary of state. Anthony blinken talked about these moves by the us yesterday. Here he is. So what we've done by the actions that we've taken Is really not to rupture the relationship. But to recalibrate to be more in line with our interests and our values but apparently this travel ban doesn't include the crown prince himself and administration officials said on background yesterday that as a matter of practice. The us doesn't apply sanctions on the highest leadership of countries with which it has diplomatic relations and already there are increasing calls for tougher action against the saudi crown print
The CyberWire
Jeff Bezos Got A Shady WhatsApp Link From The Saudi Crown Prince And Was Hacked
"Reuters writes that the Saudi Foreign Ministry has again dismissed claims of Crown Prince Mohammad bin Salman's involvement in hacking Amazon founder. Jeff bezos is phone as absurd. That is they didn't do it. And especially the the crown prince didn't do it but investigations are in progress and it certainly seems that something was done to Mr Basis device. Is it possible. The Crown Prince May Himself Elf have been hacked either his phone or WHATSAPP account as some have suggested. Well sure maybe. And it does seem odd that a crown prince would directly actually get his digital hands dirty on the other hand who better to hack the richest man in the world's device than a fellow billionaire who's met him at the places where billionaires go to meet in any case buzzfeed notes Saudi aligned. Twitter accounts have been doing a lot of anti bezos wolfing with accusations of insincerity concerning his expressions expressions of mourning for the late Jamal Kashogi a discreditable personal life. As evidenced by the intimate pictures someone provided to the national enquirer and so on buzzfeed thinks the accounts doing the tweeting are a part of a coordinated and inauthentic campaign presumably directed from beyond so does the United Nations in Special Rapporteur on extrajudicial killings. Agnes Alamar told buzzfeed quote the hacking and the campaign are two actions taking place place alongside each other both of which aim in my view at intimidating creating fear and ultimately controlling or silencing the people who are the object of both hacking and the campaign and quote. Mr Bezos has been the target of such campaigns before. NBC News reported that they began shortly after. Jamal Kashogi who had been a columnist columnist for the Bezos owned Washington Post was assassinated inside the Saudi embassy in taboo a murder which occurred on October second of twenty eighteen twitter at that that time took down a large number of the accounts involved. The platform has yet to take large-scale action in this latest round. Forbes wrote yesterday that graphic reported some eighty eighty five hundred tweets by fans of 'EM BS that is fans of Crown Prince Mohammad bin Salman. A common theme was a threat to boycott Amazon.
On The Media
Saudi Arabia expels Canadian ambassador over criticism of arrests
"Live from NPR news in Washington. I'm Jim hawk the second week of testimony in the Paul. Manafort trial begins today NPR's Windsor Johnston reports the former Trump campaign chairman is facing more than a dozen tax and Bank fraud charges that trial will resume today with the defense team's cross examination of manafort's former accountants, Cindy LaPorta, who was granted immunity in exchange for her cooperation. She testified last week that she went along with falsifying manafort's tax records. The court is also expected to hear from manafort's, longtime business partner, Rick gates, this week, gates pleaded guilty in February two, lying to investigators and agreed to cooperate with prosecutors as part of his plea deal. Manafort is facing eighteen counts of Bank and tax fraud and could spend the rest of his life in prison. If convicted Windsor Johnston, NPR news, Washington, a sharp diplomatic. Squabble between. Canada and Saudi Arabia as. Dan carpenter reports the Saudis have accused Canada of interfering. In their internal affairs and have ordered the Canadian ambassador to leave the country Saudi Arabia says. It is also suspending any new trade with Canada behind the. Diplomatic quarrel is Ottawa's insistence at the Saudis release jailed civil rights activists the kingdom has already recalled its own ambassador in Ottawa and given the Canadian diplomat twenty four hours to leave Saudi Arabia Canada's department of global, affairs had, said it was gravely concerned about the arrests in. The kingdom including the detention of activist and blogger rift Badawi his wife. And children live in Quebec in a statement the, Saudi foreign ministry, said it, will not, accept any form of interfering in, the country's internal affairs and sees Ottawa's position as an attack which requires a firm. Response for NPR news I'm Dan carpenter talking Toronto the US ambassador to Bangladesh has escaped unharmed after her convoy. Came under attack in, the capital, Dhaka, NPR's Mara Kennedy Reports the US embassies has. Armed men attacked the ambassadors convoyed some of the assailants were on motorcycles all diplomatic personnel are safe the, embassy says though two of the cars were damaged this happened at the same time as. Ten student protests, in Dhaka after two young people were mowed down and killed by bus last week the demonstrators are pushing for safer roads and tighter traffic, regulations the government is trying to convince the. Students to go home and. Over the weekend police fired tear gas at the crowd. Dozens of students have been reported injured Mary Kennedy NPR news A powerful earthquake struck the. Indonesian tourist island of Lombok on Sunday killing at least eighty two people and shaking neighboring Bali one week after another quake on. Lombard killed, more than a dozen people hundreds of others were reported injured. In the magnitude seven point o. quake which struck Sunday evening Lombok island was already working to recover from the magnitude six. Point four quake on July twenty ninth, this is, NPR news In Japan the city of Hiroshima has marked the seventy third anniversary of the nineteen forty five atomic bombing the US. Attack killed one hundred forty thousand people in Hiroshima and Nagasaki bombing killed seventy thousand three days. Later the anniversary comes amid hopes to denuclearize North Korea after its pledge to do so at the. Singapore summit in June Cincinnati high school teacher has set a, record for rowing across the North Atlantic Ocean alone in the shortest amount of time Larry Miller reports Bryce Carlson is also the first American to complete the journey. Biology teacher Bryce Carlson landed in the isles of silly. Off the southwest English coast thirty. Eight days six hours and forty nine minutes after setting off from Saint John's Newfoundland Carlson beat the previous record by around fifteen, days Carlson's, twenty foot boat was. Filled with technology that kept him on a straight course and informed about weather conditions but he. Says a capsized more. Than a dozen times Carlson also says he survived hurricane Chris feel like I had a lot of luck along the way and a lot of help a lot of help from friends my family the community From some higher power. I dunno Carlson says is focused now is to be a more mentally and emotionally attentive teacher and coach for NPR news I'm, Larry Miller, in London With a..