35 Burst results for "Seven Trillion Dollars"

The issues driving healthcare in 2021

The Hospital Finance Podcast

03:54 min | Last week

The issues driving healthcare in 2021

"Researcher and widely known industry expert. Paul recently wrote about what he sees coming for healthcare and twenty twenty one and we're happy to have him back on the show to discuss his analysis. Paul welcome back. Thank you mike. So lots to unpack with healthcare from this past year of twenty twenty and heading into twenty twenty one. And i think it just makes start. It makes sense the sense to start talking about Cove in our discussion. So what do you see for. Vid financial relief going forward for both patients and providers in two thousand twenty one well in addition to the three trillion of relief funds that have come through the system. in twenty twenty There'll be another trillion that comes through with targeted to unemployment benefits to small business and some individual relief for certain populations but The way to think through this is the first six months of two thousand and twenty. one are Were managing the last hopeful stage of the pandemic in the us but it's lingering impact will continue long after the first two quarters The economy a world closed twenty twenty when we get those final numbers at about seven to four percent below On the gdp basis and our federal deficit will be sitting somewhere around twenty seven trillion and change so our net worth As an enterprise if you will Will reflect an eighteen trillion dollar Asset and a twenty seven trillion dollar long term deficit. So we gotta. We're upside down on the deficit side and that'll become more important as we can have come out of the pandemic in the last two quarters of next year and beyond so mike i think pandemic is still the story but it's pandemic and what's next and a lot of that will be defined by the policies of the administration and much of that defined by the constitution of congress especially the senate because this was not the change election that democrats had expected a more A repudiation to some extent of kind of a far left view of government Voters like the idea of a divided government especially the top half of the income ladder and the market says. We're not so sure that congress ever figures things out as easily as the private sector so there was a pretty significant rejection of some of the bigger government run solutions. That's not going away but it's been buffered by the election so The way to think through the next two years at least is incremental changes that will satisfy more kind of a centre-left anna left side of the voting spectrum but not the major changes that were promised in the campaign. great analysis paul Let's talk tacticly about

Paul Mike Congress United States Senate Anna Paul Let
Bitcoin Will One Day Hit $1 Million

CNBC's Fast Money

02:46 min | 2 weeks ago

Bitcoin Will One Day Hit $1 Million

"Bitcoin blowing through new records today. The crypto currency gaining thirty three percent. This week alone in case you missed it. Wargin creeks anthony. Poblano join us last night here on fast. Listen to what he said about. Bitcoin is headed. If you really think about the technology world we talk about ten x improvement props. Bitcoin is at least ten x better than gold in every way. And so i think that if you just think of a bitcoin product that has to expedite and mortgage cap kind of follows that that would put bitcoin at a million dollars. Coin right just two golds market cap in case you thought you heard wrong. That's a million dollars. A coin became. We're specifically talking about j. p. morgan's known on on Bitcoin from earlier in the week and they were making the point that there have been outflows from gold inflows. Bitcoin as bitcoin has ramped and so the notion is that bitcoin would be a replacement. Are you on board that because that seems to be the main driver these days For the bullish thesis on bitcoin. Yeah i think listen. It's digital goal that narrative has taken off this year among the institutional community and just to put a couple of numbers around that so we have gold. Roughly it's market. It's total value is about ten trillion bitcoins out about seven hundred billion eight hundred billion right now. That jp morgan not talked about if all of the money came out of gold into bitcoin. That would be somewhere around two point seven trillion dollars. So that's probably almost. What a quadruple from the price. From where we all right now maybe a little bit more a quadruple puts you at j. p. morgan's price at one hundred and forty six thousand. So it's not necessarily a reasonable. My only concern is when you you know. And i think pop made a great point. My concern is when you have these these these big upside targets then. People say hey. I'm gonna just going load into it here and i just. I've been doing it for years. But i remind people. Bitcoin has months where it's down thirty forty percent so you could buy a forty thousand today and watch it go to twenty thousand and that would not be unusual and we should make the point to that. Anthony made clear that you could see wild swings on the way to a million dollars a point up twenty percent or down twenty percent or thirty percent for that matter. Cape fat kate. I imagine that your clients are inquiring. I mean this has got to be on everybody's mind so how. How do you approach that honestly. Melissa bitcoin is not my joint jealous of the people who are in. It made a lot of money. I don't get. It doesn't make a lot of sense to me and why bitcoin if you say cryptocurrency generally cage supply-and-demand. If bitcoin is doing that well it will attract other crypto currencies. So i'm gonna sit on the sidelines on this one.

Bitcoin Wargin Creeks Anthony Morgan Jp Morgan Cape Fat Kate Melissa Bitcoin Anthony
UK government to set out spending plans amid aid fears

AP News Radio

00:48 sec | 2 months ago

UK government to set out spending plans amid aid fears

"Britain's treasury chief is being urged to resist schools the cost money for overseas aid as he prepares to unveil the damage to public finances what by the corona virus pandemic rishi sooner will tell lawmakers the deterioration the public finances has been worse than at anytime since wartime but now is not the time he'll say to announce widespread spending cuts or tax rises figures show the country's debts pile is around two point seven trillion dollars taking it over one hundred percent of annual national income concerns have mounted the government is about to abandon its commitments to overseas aid some in the conservative government all game for a reduction in the commitment Charles Taylor that's not London

Rishi Britain Conservative Government Government Charles Taylor London
Are We Being Forced to Buy Stocks

Money For the Rest of Us

06:27 min | 4 months ago

Are We Being Forced to Buy Stocks

"Last week in the insiders guide email newsletter I pointed out the expensive valuation of US stocks. Specifically I showed that the forward price to earnings ratio the P. E. based on earnings estimates over the next year was twenty, two point nine. That's three standard deviations above its average of sixteen times going back to two thousand, three at data from Ned Davis. Research. In reply to that email, Andrew wrote regarding stocks being expensive on a forward e true but there's no alternative. What do you do with bond yields near Zero and the vanguard total stock market? Index. Fund. Yielding two percent. By VPI, the vanguard total stock market ETF. JASA forwarded to me a paper by Bridgewater says, which I'll discuss in more detail later in this episode. I had a similar question from a plus member in the money for the rest of US plus member forums. He wrote. So the Fed signals that it wants to keep rates low for three more years. Canada's pension. Fund is reevaluating bond-holdings and you've got an army of small and large investors bidding up companies like Tesla and snowflake to absurdly hype. All this combined to make me think are we as individual investors now forced to buy equities? Is this the mother of all bubbles in which there's literally no other things suitable for purchase. There is a lot of speculation in stocks right now. Jim. Bianco Bianca Research pointed out that small traders are dominating the options market. Bear most of the trades right now and seventy five percent of that volume is an option contracts expire in two weeks. So short term bets. Look at South Korea and article from Bloomberg pointed out that day traders in South Korea have accounted for eighty seven and a half percent of the total value of stocks traded in the first part of September. You. Some men chief strategist at Samsung Securities said retail investors appear to be seeking short-term profits after hearing their next door neighbors earned lots of money from stocks after the March selloff. Receiving a similar situation in India. The Financial Times reports that the number of individual investor accounts rose twenty percent from the start of the year, the twenty, four million, and they point out that around the world, an influx of investors are investing in stocks for the first time. Are. We in a bubble? Is it a speculative frenzy? Are we forced to buy these stocks because there are no alternatives with also? One of the things I like to do investing is think about what's different this time what's unusual? What what doesn't fit the pattern? I had two instances of investing this past week where something didn't fit the pattern Lebron, I were driving up in the mountains of Montana and a small bear cub really bolted right in front of us no idea what it was running from. My son suggested he was running from the year twenty twenty. And then few days later at our front door, there were seven cows drinking water from the driveway eating our bushes. There are no cows around us. We live in an area that nobody keeps cows but there they were right in front of my house. Turns out. They had strayed from the National Forest, which is not very far some outfitters have grazing rights and drop off the cows and leave them there all summer pick them up come late October, and they had straight down because some of that newly cut barley fields, but it didn't fit the pattern. Cows at your front door. Don't fit the pattern. What's different now on investing front that could justify more expensive valuations for stocks. Well, for the first time, ever US interest rates are near zero from short term out to ten years. This is known as a flat yield curve, which is an unusual. We've had flat yield curves in the past. But it's flat near zero. There was a flat yield curve where ten treasury bonds and cash for yielding similar back from two thousand and five to two thousand seven. But yielding four percent. And from two thousand to two, thousand, two cash and tenure treasures were yielding five to six percent. Today, the ten year Treasury yield is zero point, six percent and cash is zero. The Federal Reserve intense to keep it that way. The recent policy statement suggests that they will keep their policy rate. What's known as the Fed funds rate near zero until labor market conditions have improved. The. Unemployment rate has dropped close to to to maximum employment and that inflation has risen to two percent is on track to moderately exceed two percent. They included their economic and rate projections and all, but four officials on the committee. Expect the Fed funds rate is still be near zero at the end of twenty, twenty three. Rates are low across the board. It is a different investment environment than we have ever faced before. And that's what this paper by bridgewater associates was about. It was titled Grappling With the New Reality of zero bond yields virtually everywhere. It was written by Bob Prince Greg Jensen Melissa fear, and Jim Haskell. I. Discussed Bridgewater Associates Founder Ray dallies views back in episode three, hundred changing world order in this paper bills off that. Before we continue let me pause and share some words from one of this week sponsors masterworks. I've shared on the show how low interest rates are on bonds and yields and cash about zero money has to be invested somewhere in preserving your wealth is as hard as it's ever been. That's where masterworks comes in. If you're looking to diversify out of the traditional public markets, then take a look at masterworks. They make blue chip art investing possible works by artists like Banksie, 'cause and Warhol. Art is a one point seven trillion dollar asset class that has performed better than s five hundred by one hundred and eighty percent between two thousand and two thousand eighteen according to Citibank.

United States Federal Reserve Jim Haskell South Korea Ned Davis Bridgewater Bridgewater Associates Financial Times Andrew Bianco Bianca Research Canada India VPI Tesla Bob Prince Banksie
Impact Of Climate Policy On 2020 Presidential Election

Environment: NPR

04:11 min | 5 months ago

Impact Of Climate Policy On 2020 Presidential Election

"On the most recent Pew Research Survey of top issues for voters this year climate change despite even make the top ten. But not for Varsity precaut-, she's executive director of the Environmental Justice Groups Sunrise Movement. She helped editor book called winning the Green New Deal and her organization gave, Joe. Biden's initial climate platform, an f rating but as Biden became the likely democratic. Nominee for president precaut-. Joined his climate change task force to make sure aggressive climate policy had a place on the ballot this year when we spoke earlier today, I asked her about how you seen his climate policy shift while she's been helping shape it. We have seen his client plan improve considerably over the last three months now, championing policies to decarbonised our power. Sector by twenty, thirty, five, we've seen him increase the level of investment from a one point, seven trillion dollar green jobs and infrastructure plan to a two trillion dollar plan over the next four years on the whole our core goal was to go in and increase Joe Biden's ambition and the Taiwan upon which these benchmarks are happening to decarbonised economy and ensure that. Environmental Justice and climate justice except core and at the heart of his agenda climate seems to have fallen out of the headlines Lately. That's even with record breaking heat fires hurricanes. Instead, the news is dominated by pandemic and economic collapse racial justice. What's your level of concern that climate change may not be getting sufficient political attention and and how do you get that attention? I think the key here is to understand the climate crisis is essentially connected to every single one of crises that are emerging whether it is the uprisings against white supremacy or whether it is the tens of millions of jobs that are been lost in this economic downturn in large part I believe the climate crisis is even thinking because we have racial and economic inequality in this country for example, I believe that after hurricane. Katrina. We would've had a green new deal past fifteen years ago and yet here we are. Fifteen years later, we've got a double header storm and communities engulfs out. That are still suffering We would have had green new deal following hurricane. Maria when thousands more were ricans perished but because we do not value black lives and brown lives, indigenous lives, poor lives as much as others, we have not taken the drastic unnecessary measures to prevent suffering. Do you think climate plays out in local political races as well or do voters think of it mostly as something that has to be addressed on a national issue? Now, I think it absolutely plays out at the local level. The climate crisis take so many different forms in different communities in Iowa overseeing the role that corporate agriculture and factory farming plays as being really detrimental to communities for Detroit. The level of fuel infrastructure contributing to asthma and disease for the majority black community. Earlier, we have seen the election of drama. Or Eliot Angle in New York which Jamal Boom and actively ran and champions agree new deal when his opponent refused to do. So the climate crisis is affecting people at the local and state level not chest. Politics. So, have you thought ahead to if president trump is reelected? What will you approach be to try to advance your climate goals with a presidential administration that may be less receptive Joe Biden would have been. We're still figuring that out. What I'll say is everything that has happened with the green new deal at the federal level and many of the substantive state legislative battles that have been one have been under the shadow of the trump administration, and so I do believe that there is absolutely still space to fight and contests and win, but it will be far far easier. If we have item presidency, Vaujany precaut- is Executive Director of the Sunrise Movement and her new book is called winning the green new deal partially, thanks for coming on the program. Thank you so much

Joe Biden Executive Director Environmental Justice Groups S President Precaut Vaujany Precaut Taiwan Maria Sunrise Movement Katrina Asthma Iowa Donald Trump Editor President Trump Eliot Angle New York Jamal Boom
Buy now, save later: financing vaccine candidates

The Economist: The Intelligence

08:31 min | 5 months ago

Buy now, save later: financing vaccine candidates

"Up dumb. Right. Now, more than one hundred, seventy vaccines for covid nineteen or being developed across the world. Of, those six are in final large scale clinical trials. While the races on policy policymakers are. With two questions how much to spend on vaccines that may or may not win and how to ensure the winner or winners are distributed fairly, you cannot be no world where some people are saved another. Anglesey conjure a whaler is the chair of the Global Alliance for vaccines and aviation or Gabby. It's an alliance that funds vaccines for poor countries the steps that need to be taken to ensure vaccines that distributed fairly Require. Collaboration and solidarity of the world governing has set up what's called Kovacs purchasing pool for several late stage vaccine candidates is that facility it has ninety two developing countries in it low and middle income countries, and it also has seventy seven rich countries that have expressed interest by bringing them all together we will have an affordable price of vaccines for all. We have risk sharing in the facility for all, and this will ensure that so many more people in the world who would not have had access will have access so to. Be Equitable I need to be fair but equitable fair division is just one problem I for needs to be enough given vaccine to divide up governments around the world have invested so far at least ten billion dollars on Covid nineteen vaccines they have made forward purchases of about four billion doses so far more companies have essentially already started making some vaccines even before they have been proven to work Slovakia chunk of his or healthcare correspondent the contracts governments have cut with Pharma companies are for about four billion dollars of various vaccines. Now that may look like a lot when my think it's enough to cover most of the world, but it's actually nowhere near enough. Why not to begin with of these vaccines may turn out to be ineffective when the clinical trials are all done. A typical vaccine at this stage has about the twenty percent chance of payer, and some of these vaccines also use novell technologies that haven't been used in any other approved vaccine before. So the risk of failure could be even higher. The biggest issue is that manufacturing capacity globally is limited and there would be shortages, the files and the ingredients that are used in vaccines once manufacturing begins on a large. So I'm experts think that the feasible amount of covid nineteen vaccine the will have by the end of next year is just about two billion dollars. In some vaccines actually are likely to require of course of dolls to work. So we're talking about nowhere near enough to cover even a minority, the world's population. So how much would be enough? How many those should countries be buying up at this stage? Just think that given the current mix of Seo game to the there is a ninety percent chance that there will be. Actually works. Now. One of I've seen is proven to be effective billions of dollars will, of course, need to be distributed very quickly, but it's impossible to know in advance which candidate will succeed. And setting up manufacturing lines takes time a new vaccine factory can take anywhere to three years to get up and running. So government should actually help pharmaceutical companies to produce vast quantities, a range of different vaccines, and ideally economists think Thaksin's numbering in the tens of billions of dollars long before regulatory provides transit but if everybody makes all of the at the same time, there will be. Some some losers right a lot will come to be wasted that way. Yes. Of course absolutely, and that's actually the hard part for politicians because this idea of deliberately overproducing something does not sit easily with politicians or voters indeed bud you have to think about the economic costs even boosting vaccine funding ten times to about the hundred billion or more, which is what many economists are advocating for. Pales in comparison with the seven trillion dollars which governments across the world have spent or pledge to preserve income and jobs that are being lost as a result of the pandemic. So in other words, if we just think of economic output alone a took make sense for the world to spend as much as two hundred, billion on bringing forward ineffective Covid nineteen vaccine. Just fun week to the way things are headed. It seems inevitable that there will be a shortage of supplies. How will they be distributed? Once a good candidate is found i. mean we we saw when the pandemic began this rush for personal protective equipment was not a pretty scene. Right experience was quite telling by the end of April. There were probably around eighty countries that had banned or restricted exports. Youth defend America especially things like medical masks, thermometers, disinfect thens. And even if we look at pandemics the during the swine flu pandemic and you thousand nine rich countries, basically corner the global supplies of the vaccine and they offer some of it to developing countries only after they had more than asked to cover their own citizens and by then if endemic was over. So, what we really seeing now as many commentators are calling vaccine nationalism rich countries are reserving most of the potential global supply of covid nineteen vaccines. And additions countries where these vaccines can be made have the manufacturing capacities are very likely to put their own people first. So what's being done to try to mitigate that global scramble. There are several mechanisms that have been put together for countries to join forces and agree to a more equitable distribution also may end. Make much faster. So the World Health Organization has grown up guidelines of how that might look quite and according to these guidelines. The first supplies of covid nineteen vaccines should call to healthcare workers and social. Care Workers First. Then, the next batch should go to the fifteen or twenty percent of people in each country who are most vulnerable, most likely to from covid nineteen if they're infected. And then laces that are at the highest risk of outbreaks will we prioritized now whether these guidelines will be followed is a different story. It's unclear how many countries will sign up may have expressed interest, but nothing has been signed so far. So all told, what's your prognosis at this stage? Do you think the world will produce enough quantities of candidate vaccines and that they will be distributed in a way? That's even a little bit fair. Just likely that there won't be not vaccine to go around in the first year. Whether it will be distributed equitably depends on where the winning vaccine is made. If the vaccine is part of the portfolio, which is controlled by the global coalition backed up by the World Health Organization than we will see supply being distributed marsh equitably on the other hand if the vaccine turns out to be made in a country that doesn't want to share, it supplies before covering its own citizens. And it's a big country. We won't expect most of the world be covered equitably for a time. Now the solution perhaps is just to spend. More money on the current candidate vaccines, the Waza rating late stage clinical trials. Set of manufacturing, start making them in large quantities that will ensure that there is more to go around with trevor. Vaccine turns out successful. Thanks very much for joining us. Thank you. Jason.

World Health Organization Covid Global Alliance Slovakia Novell Kovacs Trevor America Jason Thaksin
US government sees record monthly deficit of $737.9 billion

AP News Radio

00:39 sec | 9 months ago

US government sees record monthly deficit of $737.9 billion

"Hi Mike Rossi a reporting the U. S. government is running a record budget deficit the massive spending on corona virus pandemic relief and the decline in revenues pushed the federal government to its largest single month deficit ever in April the treasury department says the federal government shortfall last month was seven hundred thirty seven point nine billion dollars that exceeded the previous single month record set in February by over five hundred billion dollars the April shortfall was even more stark because the treasury normally record surpluses in April the Congressional Budget Office estimates the deficit for the entire year will be an all time high three point seven trillion dollars Mike Rossio Washington

Mike Rossi Federal Government Treasury Department Treasury Congressional Budget Office Mike Rossio Washington
Budget Office says deficit to reach $3.7 trillion in economic decline due to virus

10 10 WINS 24 Hour News

00:47 sec | 9 months ago

Budget Office says deficit to reach $3.7 trillion in economic decline due to virus

"But the pandemic itself will ultimately end the nation is facing a legacy of massive deficit congressional budget office is projecting that deficits will grow to three point seven trillion dollars this year largely fueled by the four corona virus relief packages with six months left in the current fiscal year the bills will pile more than two trillion dollars on to the twenty four point six trillion dollar national debt the report predicts a devastating hit to the economy this quarter at an annualized rate of decline of forty percent for the entire year the economy is predicted to shrink by five point six percent the director of the Congressional Budget Office warns that there's enormous uncertainty in the projections but since it's plain the economic shock is unlike anything seen since the Great

Director Of The Congressional
Budget Office says deficit to reach $3.7 trillion in economic decline due to virus

10 10 WINS 24 Hour News

00:47 sec | 9 months ago

Budget Office says deficit to reach $3.7 trillion in economic decline due to virus

"A while the pandemic itself will ultimately end with the nation faces a legacy of massive deficit compressional budget office's projecting that deficits will grow to three point seven trillion dollars this year largely fueled by the four corona virus relief packages with six months left in the current fiscal year the bills will pile more than two trillion dollars on to the twenty four point six trillion dollar national debt the report predicts a devastating hit to the economy this quarter at an annualized rate of decline of forty percent for the entire year the economy is predicted to shrink by five point six percent the director of the Congressional Budget Office warns that there's enormous uncertainty in the projections but since it's plain the economic shock is unlike anything seen since the Great

Director Of The Congressional
Coronavirus relief pushing US deficits to staggering heights

AP News Radio

00:55 sec | 9 months ago

Coronavirus relief pushing US deficits to staggering heights

"The corona virus pandemic will end but experts say will the lasting legacies will be the staggering deficits for the United States the Congressional Budget Office is projecting that deficits will grow to three point seven trillion dollars this year largely fueled by the four corona virus relief packages with six months left in the current fiscal year the bills will pile more than two trillion dollars on to the twenty four point six trillion dollar national debt the report predicts a devastating hit to the economy this quarter at an annualized rate of decline of forty percent for the entire year the economy is predicted to shrink by five point six percent the director of the Congressional Budget Office warns that there's enormous uncertainty in the projections but since it's plain the economic shock is unlike anything seen since the Great Depression Jackie Quinn Washington

United States Congressional Budget Office Jackie Quinn Washington Director Of The Congressional
Coronavirus relief pushing US deficits to staggering heights

AP News Radio

00:45 sec | 9 months ago

Coronavirus relief pushing US deficits to staggering heights

"The Congressional Budget Office is projecting that deficits will grow to three point seven trillion dollars this year largely fueled by the four corona virus relief packages with six months left in the current fiscal year the bills will pile more than two trillion dollars on to the twenty four point six trillion dollar national debt the report predicts a devastating hit to the economy this quarter at an annualized rate of decline to forty percent for the entire year the economy is predicted to shrink by five point six percent the director of the Congressional Budget Office warns that there's enormous uncertainty in the projections but since it's plain the economic shock is unlike anything seen since the Great Depression Jackie Quinn Washington

Congressional Budget Office Jackie Quinn Washington Director Of The Congressional
Budget Office says deficit to reach $3.7 trillion in economic decline due to virus

WBZ Afternoon News

00:26 sec | 9 months ago

Budget Office says deficit to reach $3.7 trillion in economic decline due to virus

"A new report says the federal budget deficit will explode compressional budget office says the federal budget deficit will quadruple to three point seven trillion dollars economic experts say the likes of these corona virus related federal debt figures have not been seen since World War two treasury secretary Steve Mnuchin says now is not the time to worry about budgets the president wants to put money in the

Steve Mnuchin President Trump
Lawmakers, many in masks, debate mammoth new aid package

Forum

01:05 min | 9 months ago

Lawmakers, many in masks, debate mammoth new aid package

"Within hours another massive wave of emergency relief will move a crucial step closer to getting into the hands of Americans struggling under the weight of this health crisis NPR Susan Davis says the house votes today on a nearly half trillion dollar package in large part for hospitals and small businesses the plan includes three hundred and ten billion for the small business lending program but there are already concerns it will run out of money again fast the first influx of three hundred and fifty billion for this new program ran out in just two weeks lawmakers are already talking about the next piece of legislation that will be necessary to prop up the U. S. economy party leaders and the White House are publicly discussing another round of direct payments to Americans extending unemployment benefits providing aid to states and local governments in new infrastructure spending once this legislation is approved by Congress today Washington will have spent more than two point seven trillion dollars in less than two months to combat the corona iris and provide economic relief Susan Davis NPR news

Susan Davis White House Congress Washington NPR
'We may well be in a recession,' says Fed Chairman Jerome Powell

Bloomberg Daybreak: Asia

01:02 min | 10 months ago

'We may well be in a recession,' says Fed Chairman Jerome Powell

"Show the federal reserve chairman Jerome Powell echoed optimism for the U. S. economy how conceded that although the U. S. could be entering a recession it's likely temporary we may well be in recession but I would point to the difference between this and a normal recession there's nothing fundamentally wrong with our economy quite the contrary the economy performed very well right through February we've got a fifty year low in unemployment for the last couple of years so we start in a very strong position this isn't that and something that's wrong with the economy this is a situation where people are being asked to step back from economic activity closer businesses stay home from work so in principle if we get the virus spread under control fairly quickly then economic activity can resume and and we want to make that rebound as vigorous as possible the federal reserve is please despite trillions of dollars into the U. S. economy once the stimulus bill is signed into law the fed's landing facilities a set to push the central bank's balance sheet up sharply from at already record high four point seven trillion dollars some analysts saying it could peak at nine to ten

Jerome Powell Chairman FED
BlackRock CEO says it’s time to tackle climate change — starting with coal

Environment: NPR

04:09 min | 1 year ago

BlackRock CEO says it’s time to tackle climate change — starting with coal

"The world's largest asset manager is putting climate change at the center of its Investment Strategy blackrock overseas almost seven trillion dollars in investments the founder and CEO made the announcement in his annual letters to clients and chief executives of the world's largest companies. He said blackrock will exit. Investments that present. Hi Sustainability Related risk. He also said the company would launch new investment products that screen for fossil fuels. I asked Larry Fink about his message to investors who might say. That's all well and good. But you're not maximizing my prophets well in the United States blackrock as a fiduciary has to live under that mandate. That is the Orissa rules in the United States that the number responsibilities maximize return this is one of the reason why the United States is actually behind many places the world that places sustainability much more prominent. We've also made a statement that we believe in a sustainable portfolio will outperform or indeed. We'll maximize your profits over a long period of time. Their real questions about how you define a sustainable portfolio for example you've announce at blackrock will sell out of all companies that get more than a quarter of their sales from thermal coal. That still still leave some of the biggest coal producers in your portfolio because they do a lot of other things too. So tell me about how you made this call well. Coal is a very small component of any investment universe verse. It's a very small fraction. The principal standard most people use as a standard a fifty percent less. We brought that down to twenty five percent less. But let's be clear Cole is it represents a small component of the investible universe. I think the other things that we announced creating more products more indexes that have sustainability is a key characteristic. Because it'd be a lot more important that whether we invest in in coal companies that have twenty-five percent less of the revenues and coal. The key characteristic is making sure that more and more investors use sustainability as a metrics to look at investing and we we will create the tools. We will have the tools to help people guide that climate activists have staged protests outside of Blackhawks headquarters. Members of Congress have urged to do more. Tell us about why you're making this decision. Now we're doing this on behalf of clients. I have not done this with the idea focused on any activist groups or any other voice we are a voice to the investors. Our job is to be speaking on behalf of investors and I wrote this letter not as an environmentalist. I wrote this letter as a capitalist. was there one event or conversation or news story that really flipped the switch for you that made you think this is a moment. We have to fundamentally changed course now is really the sum some of all my conversations in every part of the world with our clients and witnessing their questions about this and it really became very clear to me as somebody somebody embiid and finance for forty four years. Very clear to me that we're at a point. Now where more and more people believe in the science of climate change more and more people are worried about their portfolios and how their portfolio is going to be performing over a ten year horizon some cities that have consistent problems related to flooding or fires. Those cities are GonNa have a harder time financing their debt over a long horizon. I raise a question about the role of a thirty year mortgage in areas where climate change could have a serious impact over time. Would you adequately issue a thirty year mortgage if you can't get proper private flood or fire insurance and so this is how we believe. We're seeing capital changing changing. If more and more people believe that climate change is going to impact their evaluations of their portfolios they're going to shape their portfolio. That's going to have less risk. We want to design better techniques. Better analytics to help our investors and how they hey can be better prepared for the eventuality of physical change in the World Larry. Fink is founder and CEO of blackrock. Thanks for speaking with us

Blackrock Larry Fink Founder And Ceo United States Blackhawks Fiduciary Cole Principal Congress
Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

All Things Considered

04:14 min | 1 year ago

Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

"The world's largest asset manager is putting climate change at the center of its investment strategy blackrock overseas almost seven trillion dollars in investments the founder and CEO Larry think made the announcement in his annual letters to clients and chief executives of the world's largest companies he said blackrock will exit investments the present a high sustainability related risk he also said the company would launch new investment products that screen for fossil fuels I asked Larry think about his message to investors who might say that's all well and good but you're not maximizing my profits well in the United States blackrock as a voodoo shoe has to live under that mandate that Izzie risa rules as in the United States at the time that number one responsibility is to maximize return this is one of the reason why the United States is actually behind many places the world that places sustainability much more prominent we have also made a statement that we believe that a sustainable portfolio will outperform or indeed will maximize your profits over a long period of time they're real questions about how you define a sustainable portfolio for example even outside blackrock will sell out of all companies to get more than a quarter of their sales from thermal coal that still leaves some of the biggest coal producers in your portfolio because they do a lot of other things too so tell me about how you made this call will call is a very small component of any investment universe it's a very small fraction the principal said that most people uses a standard of fifty percent less we brought that down to twenty five percent less but let's be clear a call is it represents a small component of the investable universe I think the other thing that we announce creating more products more indexes that have sustainability is a key characteristics is a be a lot more important than whether we invested it in coal companies that have twenty five percent less of the revenues in coal the key characteristic is making sure that more and more investors you sustainability is a metrics to look at investing and we but we will create the tools we will have the tools to help you people died that climate activists have staged protests outside of blackrock's headquarters members of Congress have urge you to do more tell us about why you're making this decision now we're doing this on behalf of clients I have not done this with the idea focus gone any activist groups or any other voice we are voice to the investors our job is to be speaking on behalf of our investors and I wrote this letter not as an environmentalist I wrote this letter as a capitalist was there one event our conversation or news story that really flip the switch for you that make you think well this is a moment we have to fundamentally change course now is really the the sum of all my conversations in every part of the world with our clients and witnessing their questions about this and it really became very clear to me as somebody a bit and finance for and forty four years it's very clear to me that we're at a point now where more and more people believe in the science of climate change more and more people are worried about their portfolios and how their portfolio is going to be performing over tenure ricin some cities that have consistent problems related to flooding or five years those cities are going to have a harder time financing their debt over a longer horizon I reserve question about the role of a thirty year mortgage in areas where climate change could have a serious impact over time would you adequately issue a thirty year mortgage if you can't get proper private flood or fire insurance and so this is how we believe we're seeing capital changing if more and more people believe that climate change is going to impact their valuations of their portfolios they're gonna sheep their portfolio that's going to have less risk we want to design better techniques better analytics to help all our investors and how they can be better prepared for the eventuality of physical change in the world Larry think is founder and CEO of blackrock thanks for speaking with us today thank you bye bye

Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

All Things Considered

04:14 min | 1 year ago

Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

"The world's largest asset manager is putting climate change at the center of its investment strategy blackrock overseas almost seven trillion dollars in investments the founder and CEO Larry think made the announcement in his annual letters to clients and chief executives of the world's largest companies he said blackrock will exit investments the present a high sustainability related risk he also said the company would launch new investment products that screen for fossil fuels I asked Larry think about his message to investors who might say that's all well and good but you're not maximizing my profits well in the United States blackrock as a voodoo shoe has to live under that mandate that Izzie risa rules as in the United States at the time that number one responsibility is to maximize return this is one of the reason why the United States is actually behind many places the world that places sustainability much more prominent we have also made a statement that we believe that a sustainable portfolio will outperform or indeed will maximize your profits over a long period of time they're real questions about how you define a sustainable portfolio for example even outside blackrock will sell out of all companies to get more than a quarter of their sales from thermal coal that still leaves some of the biggest coal producers in your portfolio because they do a lot of other things too so tell me about how you made this call will call is a very small component of any investment universe it's a very small fraction the principal said that most people uses a standard of fifty percent less we brought that down to twenty five percent less but let's be clear a call is it represents a small component of the investable universe I think the other thing that we announce creating more products more indexes that have sustainability is a key characteristics is a be a lot more important than whether we invested it in coal companies that have twenty five percent less of the revenues in coal the key characteristic is making sure that more and more investors you sustainability is a metrics to look at investing and we but we will create the tools we will have the tools to help you people died that climate activists have staged protests outside of blackrock's headquarters members of Congress have urge you to do more tell us about why you're making this decision now we're doing this on behalf of clients I have not done this with the idea focus gone any activist groups or any other voice we are voice to the investors our job is to be speaking on behalf of our investors and I wrote this letter not as an environmentalist I wrote this letter as a capitalist was there one event our conversation or news story that really flip the switch for you that make you think well this is a moment we have to fundamentally change course now is really the the sum of all my conversations in every part of the world with our clients and witnessing their questions about this and it really became very clear to me as somebody a bit and finance for and forty four years it's very clear to me that we're at a point now where more and more people believe in the science of climate change more and more people are worried about their portfolios and how their portfolio is going to be performing over tenure ricin some cities that have consistent problems related to flooding or five years those cities are going to have a harder time financing their debt over a longer horizon I reserve question about the role of a thirty year mortgage in areas where climate change could have a serious impact over time would you adequately issue a thirty year mortgage if you can't get proper private flood or fire insurance and so this is how we believe we're seeing capital changing if more and more people believe that climate change is going to impact their valuations of their portfolios they're gonna sheep their portfolio that's going to have less risk we want to design better techniques better analytics to help all our investors and how they can be better prepared for the eventuality of physical change in the world Larry think is founder and CEO of blackrock thanks for speaking with us today thank you bye bye

Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

All Things Considered

00:59 sec | 1 year ago

Climate crisis will fundamentally reshape world of finance, says world's largest asset manager

"The world's largest asset manager is putting climate change at the center of its investment strategy blackrock overseas almost seven trillion dollars in investments the founder and CEO Larry think made the announcement in his annual letters to clients and chief executives of the world's largest companies he said blackrock will exit investments the present a high sustainability related risk he also said the company would launch new investment products that screen for fossil fuels I asked Larry think about his message to investors who might say that's all well and good but you're not maximizing my profits well the United States blackrock as a fiduciary who has to live under that mandate that is the risk of rules at in the United States at the time that number one responsibility is to maximize return this is one of the reason why the United States is actually behind many places the world that places sustainability much more prominent we have also made a statement that we believe that a sustainable portfolio will outperform or indeed will maximize your profits over a long

"seven trillion dollars" Discussed on KSFO-AM

KSFO-AM

01:42 min | 1 year ago

"seven trillion dollars" Discussed on KSFO-AM

"Group is at registered investment advisories also known as in our I a we'll be talking a little bit what are our I eight is and does a little bit later over the next couple hours world could talk about a fiduciary is and dies and why you want one in your corner also spent some time talking about the challenges of folks in counter when they're getting things wrong again if you have a question or participate on the show eight six six four nine six twenty three hundred at eight six six four nine six twenty three hundred so I said at the top of the hour two U. S. presidents in history were impeached by the house but later acquitted by the Senate Andrew Johnson in eighteen sixty eight and Bill Clinton in nineteen ninety eight third president like we would have been impeached by both the house and the Senate but a like to resign that was of course Richard I think it's new house new house Nixon in nineteen seventy four B. T. N. our research tells us that and the one you're following in Richard Nixon's resignation as president United States yes in P. five hundred gained six point four percent I in the one you're following bill Clinton's impeachment by the house yes the P. five hundred gained nineteen point six percent now there's nothing that you as an investor could do about that you can't really control what's going to happen with the house or the Senate or we could even argue our government in general I think. world beginning to understand that twenty two point seven trillion dollars in debt twenty two point seven trillion dollars in debt.

fiduciary Andrew Johnson president Senate Richard Nixon United States bill Clinton seven trillion dollars four percent six percent
"seven trillion dollars" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

02:27 min | 2 years ago

"seven trillion dollars" Discussed on Newsradio 950 WWJ

"Tiny girls purple fairy Princess Grace, many of those on board. This flight were young people who simply wanted to change the world. The UN lost twenty one staff members in the crash people who work to improve the lives of others in some of the most troubled spots on the FAA has people there to help with the investigation. WWE news time seven fifty one. President Trump is reviving a border wall fight with congress in his record four point seven trillion dollar budget. Senate minority leader Chuck Schumer pushback on Monday. The budget requests we received today would be a gut punch to the middle class. A handout to powerful special interests, the wealthiest few President Trump is calling for eight billion dollars for a barrier between the United States and Mexico while proposing deep domestic spending cats over the next fifteen years. Very sad news about the super salesman Joe Girardi, he wrote the best selling book how to sell anything to anybody. He was ninety years old. He died after falling inside of his home in Grosse Pointe shores w j news time seven fifty two a Detroit police officer was. Fired a couple of weeks ago after he posted a racially insensitive video online now police chief James Craig will provide an update on corporal, Gary steals partner, who was also in the video the unnamed officer was suspended last month after the video surfaced on Snapchat steel, shot the video from the police cruiser, which showed a woman walking in the snow after her car was impounded at included captions that were insensitive that were posted on Snapchat. This is a great survival story about a German tourist who was thrown overboard in the waters off New Zealand police say he survived hours stranded at sea. Because he remembered something he had seen a US sales video he had watched in the past while he was stranded out there in the rough water he took his jeans off he tied knots at the end of the legs of the jeans and then inflated, his jeans he says, they worked really well as an improvised life vest until help arrived got some. Of a survey out today by the association of pet obesity prevention, and it finds that the majority of cats and dogs in the United States are overweight. Not happy about it. According to the study eighty percent of veterinarians and sixty eight percent of owners say they've tried to cut their.

President Trump United States Chuck Schumer UN WWE Joe Girardi FAA officer congress President salesman Grosse Pointe James Craig New Zealand Detroit Mexico partner Gary
"seven trillion dollars" Discussed on 850 WFTL

850 WFTL

02:38 min | 2 years ago

"seven trillion dollars" Discussed on 850 WFTL

"Hour. The US house now controlled by Democrats will have a series of hearings which began today to examine President Trump's budget proposal for the coming fiscal year. Bob Costantini reports. It's four point seven trillion dollar plan. That would have agencies cutting their overall spending by five percent in twenty twenty boost Pentagon funds and take a new stab at big bucks for another border wall. The four point seven trillion dollar White House proposal calls for saving hundreds of billions with a five percent cut to all non-defense discretionary spending. I can- Pentagon funding to seven hundred fifty billion dollars would be a five percent increase. Russell vote is the acting budget director here and to be clear. This is not funding for endless wars. This is for research and development procurement to fund the most inspiring military. The world has ever known the plan with his five percent domestic. Spending cuts and projections for strong economic growth, predicts a balanced budget fifteen years from now, but it has trillion dollar deficits for at least the next four years. We do have large deficits. That's why we're here transparently saying that we have a problem as a country that it takes a long time to get out of that mess vote outlining the plan asked about Mr. Trump's campaign pledge that he would eliminate the national debt in eight years, and that was with the prospect of a Republican House. Instead the debt has risen another two trillion dollars. We are confident that the presence historic tax reforms deregulation trade policy, unleashing American energy. We'll continue our economic growth. The plan is based on three percent economic growth continuing for fifteen years. So it can balance the plan brings up the prospect of another fight over funding for the border wall. The same issue that led to a partial government shutdown of more than a month and led to President Trump's declaration of a national emergency along the border budget director Russell vote telling reporters the new request for. Coming fiscal year, would effectively double down on wall money the money that we have identified as as part of declaring a national emergency and spending that well in this eight point six billion dollars is geared towards what we would need. In addition to complete that wall. The emergency is expected to be tied up in court for some time. Well, Democrats aren't likely to cave on the new war funding request. Bob Costantini, the White House. Ten after the hour, impeaching President Trump is less likely after comments made by the leading House Democrats yesterday. Correspondent Sierra Crawford. Explains. Speaker Nancy Pelosi tells the Washington Post she's against the move unless there's something so compelling if there's bipartisan support forward pointing out to reporters, President.

President Trump budget director President Bob Costantini Pentagon White House US Nancy Pelosi Republican House Sierra Crawford Washington Post Russell five percent seven trillion dollar fifteen years seven hundred fifty billion do two trillion dollars six billion dollars
"seven trillion dollars" Discussed on WSJ What's News

WSJ What's News

02:20 min | 2 years ago

"seven trillion dollars" Discussed on WSJ What's News

"Comes with a four point seven trillion dollar price tag the plan which asks for eight point six billion dollars in funding for a border wall kicks off discussions on the nation spending that are likely to last several months joining us now from Washington with more details is Wall Street Journal reporter Kate Davidson, Kate some high numbers right off the bat. I think perhaps the most eye catching is that increase in funding requested from the president in regards to the border wall. This of course, coming after the president declared a national emergency after congress refused his request for more than five billion. What do you make of that significantly higher? Ask. Well, I think in some ways it makes sense, right? I don't think that the president could have really put forth a budget that didn't include at least as much money for the wall. So it's not totally surprising to the request is five billion dollars for the department of homeland security, and then three point six billion dollars for the defense department's military construction budget. But right, it's important to point. Doubt that in the latest spending agreement which was just, you know, last month, congress only approved one point three eight billion dollars. So this is, you know, more than six times as much, and I think it's an unrealistic ask I don't really think they're going to get there. But as you said, it's sort of an opening bid from the president on what he's looking for. And he's he's sending a clear signal that the wall is still going to be a top priority for the White House this year. And when we look at the plan overall, it reduces spending for some safety net programs like food stamps and Medicaid while increasing spending for the US military. Can you tell us some more details? Sure. So we're actually still digging through that document. But right, it would propose two point seven trillion dollars in spending cuts over the next decade, which is a pretty significant decrease. You know, some of that is from outright cuts to programs others are new requirements that would basically save money. So for example, right? Some of the mandatory savings would be by imposing new work requirements on benefit recipients people who get. Food stamps who are on Medicaid, receive housing assistance. They would be required to to go to work, and that's kind of similar some of these things are similar to the president's previous to budget proposals. He also proposes to trim spending at the department of transportation at the department of Ed department of health and human services, so overall, it's a it's a five percent reduction for next.

president Wall Street Journal Medicaid Kate Davidson Ed department of health Washington congress reporter White House US six billion dollars three eight billion dollars seven trillion dollars seven trillion dollar five billion dollars five percent
"seven trillion dollars" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

02:03 min | 2 years ago

"seven trillion dollars" Discussed on Newsradio 700 WLW

"Surge in prices of staples such as wheat and corn un says the cost of bringing in food is set to rise about three percent to one point four seven trillion dollars not far off two thousand fourteen record gina cervetti bloomberg radio five forty one good morning doug ingram blow their mike how are you on this finding pretty good good the answer by the way is a million eight million eight yeah they figure kilo go anywhere from twenty four to twenty eight thousand they say so we based on twenty four no no that's not right because that was kilo right and i did it in pounds oh talk among yourself chuck all know it weekday early for math got a calculator oh four thousand times thirty five kilos i think it's thirty five it's only eight hundred forty thousand see i thought that was a little high when you said yeah yeah forty thousand blends based on lower number of twenty four thousand twenty eight so i figured good chunk of a million bucks let's true quick call the police i want nothing to do with this yeah you wouldn't know what to do with it anyway but it's a lot of money a lot of money what's happening on america's highways that are they're not all that bad one problem that's an accident on northbound seventy five from the ucla traffic center one in four local doctors received training from us we are the authors of medical breakthroughs and the specialists of cary north seventy five before you get to as charles started off on the left hand side they're working to get everybody over on the right hand side had a work crew southbound seventy five at paddock that's taken care of believe it or not going to take it easy going past river bend already this morning it's parrot head day next traffic update in ten minutes saying they're already going oh there's some out there already before dawn before dawn they're going to be a mess before noon chuck ingram newsradio seven hundred wwl to think fast in less than thirty seconds a small flame can become a big fire don't let.

gina cervetti doug ingram america charles river bend ucla cary chuck ingram four seven trillion dollars thirty five kilos thirty seconds three percent ten minutes
"seven trillion dollars" Discussed on The Jason Stapleton Program

The Jason Stapleton Program

02:44 min | 2 years ago

"seven trillion dollars" Discussed on The Jason Stapleton Program

"And and then i'll give you that module for free so go check that out as well okay why is deutsche bank is in trouble before declaring bankruptcy lehman brothers had approximately six hundred thirty nine billion dollars in assets deutsche bank this is the germans the germany's primary bank has triple those assets one point seven trillion dollars but it's futures and question the bank's net income plummeted by eighty percent from its two thousand seventeen levels eighty percent the federal reserve is labeled deutsche bank's us operations as troubled which in which central bank terms means wholly youknowwhat here in trouble it's the way the fed fed frame stuff up it says the growing problem deutsche bank combined with unprecedented global debts could spell economic economic and financial chaos deutsche bank is the own is only one of the major banks in trouble others are nipping at its heels so again we're talking about deutsche bank here but there are other banks that are right behind them in terms of the problems that they're having they have a lot of debt a lot of debt and that debt is not performing they're taking a lot of losses deutsche bank was expected to take around two hundred ninety million euros in losses in two thousand seventeen they took four hundred and ninety seven million euros double it's crazy mismanagement has plagued orange bank since deutchebanks us operations for years which deutsche bank stocks crashed the snp downgraded the bank from a minus to triple b plus rating which is just a just a smidgen above junk status its new ceo so you would think after all of this this is what i'm getting at you would think after all of this that somebody would look at this and go you know maybe we ought to make some changes maybe it's time we come out would be honest to the people we tell them what's going on and you say we're in a pickle here but we we got a strategy of change that's going to fix it but the new ceo suing spoke to his staff after the ratings downgrade in reassured them that the bank's inherent of the bank's inherent strength and future strategies if deutsche bank is to survive significant changes will have to be implemented so far it's not even acknowledging that it has a problem now why do you think that is why do you think every bank in america every bank around the world didn't talk about the problems that they had prior to.

deutsche bank lehman brothers germans germany snp ceo america us eighty percent six hundred thirty nine billio seven trillion dollars
"seven trillion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:57 min | 2 years ago

"seven trillion dollars" Discussed on Bloomberg Radio New York

"Thank you for having me today i doubt that i agree with the previous guest that the political geopolitical affect the creative volatility but does not determine the level of oil price now what's happening in the oil market is not just a question of supply and demand is the question that the capability of supply now is there are so many debate around the capability of supply to cover the coming ten years now we're seeing venezuela the supply and venezuela had declined thirty percent since two thousand and sixteen so many producing can spend for catholics were sewing seeing the capital has gone down twenty percent per year since two thousand and sixteen iran itself it's neat about one hundred and ten billion dollars to lift the production by one million bedroom there is some studies shows that the global meet about to opec countries need more than seven trillion dollars to prefer the supply in two thousand and forty so actually the capability of supply now is being affected and investment in oil is a major part of the global economy it's about consistent between four to six percent of the global economy so we could say either the global economy has been affected with the shortage of oil capital the industry is very active industry and across industry it's containing so many tangible investment and tangible investment and across sectors with the banking and creating so many jobs and so many related to downstream business so i actually had been fixing the global growth an indirect way so that's what me i believe the oil level is not just because of the global inventory oil inventory has been declined to the optimal clause of the optimal level it's either that is so many doting about became suspicious about the capability of supply in the coming years yeah.

venezuela iran opec seven trillion dollars ten billion dollars thirty percent twenty percent six percent ten years
"seven trillion dollars" Discussed on WDRC

WDRC

03:18 min | 3 years ago

"seven trillion dollars" Discussed on WDRC

"This us the watchdog on wall street yes how was your tax debt that's the biggest expenditure of the year for most americans obviously i pay quarterly come in and pay more this week it is what is it's like whack taxes taxes taxes you wanna talk about how much the government taxes borrows spends beds taxed borrowed four point four seven trillion dollars since the last tax debt that's thirteen thousand seven hundred and thirty seven dollars for every van woman and child here in the united states put that in the perspective people that's just in one year there's been talk coming out of the imf talking about global that problem it's not you gotta look at it from a different way it's spending problem and you think the spending problem these to a leadership problem which again leads to a problem where we got a lot of entitled human beings out there demanding more and more and more rather than providing for themselves i want i want i want i want i want there has to be some point in time and we we talked about it when we were doing tax reform here on the program and how i for the life of me don't understand why they're not doing spending reform and tax reform at the exact same time ship is one of the same as budgeting he can't he can't do one side and not the other side of the ledger got to do both sides but now that's not how our government works republicans are now taking a look at some of the deficit spending that's going to be coming down the road that they they agreed to all this stuff but they wanted pushing back on plans to making the individual tax cuts permanent thanks fire like the bush tax cuts expire the individual tax cuts expire and there was some thought there about making them permanent now republicans are afraid a little bit about the irs is while you wanna talk about saving money in confidence already heard the story this past week on how and i'm not kidding if you went to the irs is direct pay part of the site this is what it said planned outage april seventeenth two thousand eighteen to december thirty first.

united states imf irs bush four seven trillion dollars thirty seven dollars one year
"seven trillion dollars" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:12 min | 3 years ago

"seven trillion dollars" Discussed on WBZ NewsRadio 1030

"I welcome back the toughest nails on wbz newsradio 1030 samantha and i are here talking with david and chris monaghan were also learning she forgot that pie and we'll earning were always learning i actually could to this whole segment myself joking okay so bags meaning i love sitting here playing host and planes like i don't know what i'm talking about that dry with at long well well well well well well well now k so we're talking about uh keeping if someone like lingerie thank you thank you that's my my my robin lucky and the right so it's good for ninety days okay great let's go to the next one the next question really was a moloch in a rate and then actually goes down what happens all the go safe boys said anything over quarter report little the company will usually recast it depending upon the price well if trump's an eighth of a point or anything wise because the costs involved generally has like i will not horrible point for bank to reevaluate the rate so locking down you wait sometimes not so great my corrupt bites a new rise in interest rate market entrance rising now but it wasn't a year ago right now at the what they would do that anything over a quarterpoint they would replace it within their i hear secondary department and get back to you with a all right a price the big elephant in the room where do you see interest rates going right now you've got a very strong economy going on right now you have the fed that yes his two thousand nine bought one point seven trillion dollars worth of bonds of lowering their purchasing and you have a strong market and so the fed has already announced that they'll probably increase the fed funds rate which is the rate between banks uh three or four times this year so um and what does that mean to the end user what happens is generally that has an effect on the bond market and that generally has an effect with interest rates are going to be in the last month or two we've seen interest rates go up about a half a point to three anywhere between a half the three quarters will point so right now let's just talking just an will fast numbers give me a fifteen fixed and a thirty year right now today i'll knock it how did any numbers when thank with burke share.

samantha chris monaghan trump fed david burke seven trillion dollars three quarters ninety days thirty year
"seven trillion dollars" Discussed on KSFO-AM

KSFO-AM

02:36 min | 3 years ago

"seven trillion dollars" Discussed on KSFO-AM

"Rebuild our own country and to take care of our citizens some money that leaves fenced overseas not to mention in the middle east whereas of two months ago we had spent seven trillion dollars and yet if we have to fix the roads became and fixing and we have to fix a child you don't do it because we don't have the money we spend seven trillion dollars in the middle east's ridiculous the american people expect all of us to work together to serve their needs this is an issue where i really believe we can find common ground between publicans and democrat if the infrastructure issue it's something great for our country is something that our country needs now that planned quickly though ran into democratic opposition critics argue it does not provide enough federal funding to make a meaningful impact vice president mike pence says he chose to ignore north korean leader kim jong un sister at the opening ceremony for the pri chang winter olympics in south korea a he told axios has mike allen he didn't think it kimyo jong deserved us attention i'm didn't avoid the dictator sister but i did ignore didn't believe it was proper for the united states who miracle to deal of uh to give any countenances her attention in that forum to someone who's not merely the sister of the dictator but as a propaganda effort mean you have to remember this is a family that very recently ordered that their brother be murdered these and chemical weapons and the world saw that in horror on airport videos reproduce this is a regime and a family but also ordered that they're awful be executed with artillery fire in front of a crowd of ten thousand people and she's the leader of the propaganda effort on their government named this is this is evil the likes of which we have witnessed rurally in our time around the world pads said japanese prime minister shinzo ave in south korean president moon jaein were all seated a mere just mere feet away from kimyo chong a senior member of the north highlevel delegation and the head of the country's propaganda department as you heard the vice president's day while at the opening ceremony for the games last week don't forget you can take us with you wherever you go download the talk stream live free mobile app reach out to yours truly on social media twitter or facebook.

middle east vice president mike pence south korea axios united states kimyo chong kim jong mike allen kimyo jong president facebook seven trillion dollars two months
"seven trillion dollars" Discussed on WHO NewsRadio 1040 AM

WHO NewsRadio 1040 AM

02:03 min | 3 years ago

"seven trillion dollars" Discussed on WHO NewsRadio 1040 AM

"One point seven trillion dollars over ten years and this additional spending could help to extend the stock market rally now the flip side there's some concern the president might be too tough on trade issues but mr trump himself has said he wants to push for deals that are fair and his words reciprocal that address who is scheduled to begin at eight o'clock this evening our time and chris christie will be offering commentary for abc during its coverage of the president's state of the union address the former new jersey governor is joining abc news as an on air contr contributor or commentator he jumped straight into the political analysis this morning discussing the gop conflict with the fbi on good morning america is a longterm problem for our party if we continue this um not only for our party prefer the country former fbi director james colmey is standing up for deputy director andrew mccabe after news broke mccabe is retiring colmey who was fired by president trump last year tweeted that mccabe stood tall when small people were trying to tear down the fbi colmey also wished for the continued strength of the fbi mccabe has been a target of the president's criticism over fbi investigations into postion a possible russian collusion with the trumpcare empain during the 2016 election police said newton are trying to find those responsible for shooting up a home in a driveby sunday night they say a home on the west side of town was hit several times i still feel safe at my house i feel feel safe neighborhood i don't know what created this problem or what went on over here but uh it it doesn't change the way i will live every day a neighbor speaking with who channel thirteen two of the bullets passed through the house hitting one behind it anyone with information is asked contact newton police former council bluffs assistant city attorney don bauermeister jr will not be going to prison thanks to a plea deal he faced two drug charges including possession with intent to distribute marijuana after his arrest in august and guilty plea to a marijuana charge in october instead of prison bauermeister will be on probation five years and have to pay a.

the house attorney andrew mccabe director gop abc stock market marijuana don bauermeister jr president newton deputy director james colmey america fbi abc news chris christie mr trump seven trillion dollars five years ten years
"seven trillion dollars" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:42 min | 3 years ago

"seven trillion dollars" Discussed on WBZ NewsRadio 1030

"And silence us we offer you to where it's times coming up tuesday night the state of the union version want old from donald trump we know that he's going to spend a lot of time touting the economy and in particular the stock market record highs and that's always the risky strategy however because if you own it on the way up you could also own it on the way down corresponded nancy courtesan with more on mr trump's state of the union preview her colleague oral born expect him to brag about his landmark tax reform bill the commander in chief could also reach out to democrats in a pitch the massive bipartisan infrastructure spending estimated to require one point seven trillion dollars san of course much talk expert good about immigration to republican senators say president trump would be wise turkey for public silence on the ongoing independent investigation into his 2016 campaign's alleged contacts with russia that following news reports that mr trump thought about firing special counsel robert muller last june on illinois woman with a long history of being on airplanes without tickets has been arrested in chicago oregon just days after she was released from jail wbbm advancing hardy reports judge denied bond from maryland hartmann keeping her locked up until her court appearance wednesday the sixty six year old was arrested at a hair airport after prosecutors say she was loitering in an area for private flights and refused to leave she was not wearing electronially ankle monitor and courts and once again faces criminal trespassing charges and violating her bail bond she was caught on a flight to london earlier this month without a ticket and had promised the judge in that case she'd stay away from airports ansi hearty for cbs news chicago firmly members of the victims of a shooting at a pennsylvania.

donald trump russia robert muller oregon pennsylvania stock market commander in chief president special counsel illinois chicago hardy maryland london cbs seven trillion dollars sixty six year
"seven trillion dollars" Discussed on Masters in Business

Masters in Business

02:02 min | 3 years ago

"seven trillion dollars" Discussed on Masters in Business

"That all of the stars within the galaxies and all the planets when the galaxies will collide and be big explosions and all that kind of good stuff except for the vast spaces between the star exactly in the galaxies are so huge that they will socalled collide but they will pass through each other and nothing will ever touch anything else because the spaces are so vast by the same notion in the financial services industry our industry is so big it's a ninety seven trillion dollar economy that's how much money is invested that's the net worth the the market value of all things in this country that have assets and market values stocks bonds real estate business assets 97 ninety seven trillion dollars no one in our industry has marketshare merrill lynch one of the biggest in the industry has about three trillion dollars three out of ninety seven they had an obama it's coming up on five black rough on six and there's no market share anywhere if you look at the soft drink industry there's coke and pepsi and everyone else in the airline ansari's delta united and everyone else in most businesses there are three or four major competitors with eighty percent market share the competing all the time in our industry barrier competitor remind have you ever encountered one of my clients ever anywhere i don't think so and i've never encountered one of years because this industry is huge we're talking about three hundred million americans dealing with three hundred fouls in advisers most of whom have a couple of hundred clients and dealing with a couple of tens of millions of assets and so on the one hand this industry is so huge and sakawa me is so vast our country so broad we will never encounter competition anywhere were all on the frontier and they're a bunch of guys in the wilderness trying to shoot game but will never count each other on the mounds because the mountains or to beg that's one answer here's the other answer everybody is my competition everywhere money magazine and kipp lingers to.

merrill lynch obama money magazine kipp financial services real estate business pepsi 97 ninety seven trillion dolla ninety seven trillion dollar three trillion dollars eighty percent one hand
"seven trillion dollars" Discussed on KBOI 670AM

KBOI 670AM

01:37 min | 3 years ago

"seven trillion dollars" Discussed on KBOI 670AM

"To the victims of sunday's church shooting rampage it also said the defense department is looking into how the shooter was able to buy guns as his domestic violence record was not entered into the proper database we will find out why this information was not properly reported in two thousand twelve and we will work with leaders in congress to ensure that this never happens again president trump is expected asked china's president to help deal with the threat posed by north korea's missile program as the two leaders meet in beijing corresponding brian todd says during the stop in south korea trump pushed hard for an end to pyongyang's president trump squares off symbolically against kim jongil saying he's got a personal message for the north korean dictator your nuclear buildup and missile test or putting you'll regime endanger democrats are taking encouragement from results across the country in tuesday's elections historic games were claimed by the democrats in virginia state house and democratic gubernatorial candidates also prevailed in virginia and new jersey republicans are worried as the lawmakers work to get a tax reform plan through chris chris funding silencer fatty says it's not just the house that has a plan now over here in the senate side they are working on their own build a senate finance committee is set to debut that bill tomorrow they'll begin marking up there bill next week the congressional budget office puts the debt cost of the house gop tax bill at one point seven trillion dollars over ten years panara bread says ids buying bakery chain 'obon pen to boost its presence in airports hospitals and colleges.

president gop senate chris chris virginia north korean south korea brian todd beijing congress domestic violence the house kim jongil pyongyang north korea china trump seven trillion dollars ten years
"seven trillion dollars" Discussed on Trumpcast

Trumpcast

02:06 min | 3 years ago

"seven trillion dollars" Discussed on Trumpcast

"A known part of the global economy and no one paid much attention and why would have paul manafort think fit he wouldn't get caught him eye act with such impunity my impression is that the treasury department unit the deals with this is pretty effective and they've they have all sorts of tools to track financial crimes why do you think you won't get caught if you do this so the the the fincen that gets the suspicious transaction reports if they're us related and who interfaces with the other overseas bodies as a former fence and employee explain it to me it's kind of like gugel we have a lot of data in a computer but it's not screaming out it's not saying hey we just got five new suspicious reports on jake weisberg and so we really should send someone and look into jake weisberg it's more if i'm looking at you for some other crime i then go into this database and i can find this information and once i know you've committed that crime the money laundering is a nice added charge and sometimes it becomes the primary charged that i take you down with but as i understand it it's fairly rare for money laundering itself to be the thing that gets you in trouble it's more we're looking at you for some other reason and if you just look at the raw numbers depending on which experts you believe something between one in seven trillion dollars is in this money laundering economy every year that's huge i mean the whole us economy is like sixteen trillion dollars every year so i mean the us government and other governments are catching tiny pennies so this is an extremely lucrative business i mean it was seven trillion dollar global industry would be i don't even know what is at seven trillion dollar global industry that's a big you know and and so the vast vast vast majority of people wandering money even huge amounts of money are never going to get caught never going to get in any trouble and that's where the brazen this comes from and how much do you think the trump organization trump's old real estate and hotel business before he ran for president.

global economy paul manafort financial crimes jake weisberg money laundering trump president treasury department us real estate seven trillion dollar sixteen trillion dollars seven trillion dollars
"seven trillion dollars" Discussed on Radio Free Nashville

Radio Free Nashville

02:47 min | 3 years ago

"seven trillion dollars" Discussed on Radio Free Nashville

"Own savings vehicles helped drive the us economy back into its gilded new gilded age of hyper inequality right across the board it was totally preventable didn't have to be and uh you know this this is at an end so our households dealing with the loss of seven trillion dollars they put over a trillion dollars on their credit cards since reagan over it trillion dollars which by the way before reagan was actually tax deductible and no longer is i mean it's just mindboggling the level of damage that has been done to us by reaganism it's mindboggling mel in malvern arkansas hey mel what's on your mind today hey tom how's it going by the way thanks for all the knowledge and wisdom you give out i have a question about as a democrat i'm on board with a lot of policies in the democratic party but increasing minimum wage is one that i i don't see how it's going to benefit because my thought is decreased minimum white let's say fifteen dollars one three out come going to happen it's either grant drive up prices it's going to decrease the work or speakers you have like or people make it a seven twenty five now the they pass the law and instead of having or people now there's two people make it fifteen dollars an hour and the management or the owner pockets a dollar and the third option is if if minimum wage increases been decreasing the distance between how profitable it could be to go industrial electron and replace everybody with machine right i've i've i've heard all these arguments from conservatives mellon and i understand them and these are the main memes the republicans pedal to to say oh you don't want a fifteen dollar minimum wage the fact of the matter is that we have a minimum wage we are saying and we have said since the 1930s and everybody accepts this as a as a boy while not everybody the 'libertarians don't think there should give minimum wage at all probably some republicans but we have we have come to the conclusion that if you want the privilege of doing business in america there are certain standards that you have to behave within the context of you can't cheat your customers you can't cheat your are your other iran business partners you can't you and you can't.

reagan arkansas us tom america iran trillion dollars fifteen dollars seven trillion dollars fifteen dollar
"seven trillion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 3 years ago

"seven trillion dollars" Discussed on Bloomberg Radio New York

"In chinese dedden equities and for managing money for wealthy clients betty lu bloomberg daybreak asia china has increased its holdings of us treasuries to the most in almost a year bloomberg sarah mcgregor says the country's holdings of us bonds notes in bills rose for the sixth straight month two one point one seven trillion dollars in july government policy that were put in place are actually helping to curb capital flight china regained its position as the largest foreign holder of us treasuries in june after japan had held the post four or that top posts for eight months running now the fed getting ready to gather for the twoday policy meeting of course a lot of well just about everyone in the markets we'll be following that tennis bloomberg's michael mickey reports it could be an unusual meeting in the sense that they well what what they do and what they say may actually matter the us central bank will become the first to start cutting the size of its balance sheet expected to announce will start tapering reinvestments in october that officials will also present a new set of economic and policy forecasts how low can unemployment go how high in flation will and do policymakers adjust their rate forecast dot plot downward sluggish inflation has many investors pricing out another rate move this year which puts the final focus on janet yellen news conference does she ratify or push back on the markets view the decision at two pm washing did time on wednesday michael mckee bloomberg daybreak asia while ford is making a uturn in india we get more from bloomberg denise pellegrini portis formed a two year partnership with indian as he the maker mahindra and mahindra the focuses on electric cars connected vehicles and distribution in the country teams from ford and mahindra will meet next week to discuss ways to improve parts purchasing and cut costs it's an aboutface for ford after former ceo mark fields put the india business under review india's forecast to become the world's third largest auto market behind china and the us by 2020 denise pellegrini bloomberg daybreak asia now as the un general assembly members arrived in your yorke the attention.

mahindra un ceo michael mckee janet yellen fed asia china betty lu yorke denise pellegrini auto market mark fields sarah mcgregor denise pellegrini portis india ford asia flation central bank us michael mickey bloomberg japan china one seven trillion dollars eight months two year twoday