39 Burst results for "Six Billion Dollar"
Bloomberg Radio New York
"six billion dollar" Discussed on Bloomberg Radio New York
"That's why Charles Schwab is proud to support them visit find your Bloomberg hot pursuit a weekly podcast that gives car lovers the inside look they crave the benefits of self -driving technology it does make you feel little a bit bossy with Matt Miller in New York this is an arrival vehicle listen to the latest trends car releases and anything else that drives up my test drive in the i seven was almost life -changing wow Bloomberg hot pursuit subscribe today on Apple, Spotify, and anywhere you get your podcasts you're listening to Masters in Business with Barry Ritholtz on Bloomberg Radio I'm Barry Ritholtz you're listening to Masters in Business on Bloomberg Radio my extra special guest this week is Linda Gibson she is CEO of PJM quantitative solutions of the quantitative and multi asset solution group runs about ninety six billion dollars in client assets PJM one of the world's largest asset managers runs one point two trillion dollars so let's talk a little bit about multi asset opportunities starting with you have a year like last year 2022 stocks are down bonds are down all these asset classes are under pressure how does that affect all the various strategies that you guys are running well clearly the markets affect our strategies but that's one of the reasons that we feel strongly that quants excel in times mostly
Bloomberg Daybreak Asia
Fresh update on "six billion dollar" discussed on Bloomberg Daybreak Asia
"Hong kong i'm yvonne man bloomberg radio pinduoduo holdings surged 18 percent after reporting a stronger than anticipated doubling in revenue bloomberg's go and one has more pd is a parent of chinese e -commerce platform pinduoduo the company reported forty a seven percent surge in net income in the third quarter sales jumped to nine point six billion dollars the strong results follow ramped up desk counter marketing for its hit shopping app tae moo its growth also or far outpaced chinese rivals including alibaba pd's u .s. listed shares have soared seventy percent since july while alibaba and jd .com have tumbled the outperformance reflects anticipation the pinduoduo will continue to steal market share at home and win fans abroad as well in hong kong join mong bloomberg radio holdings pdd does not trade in hong kong but may tuan does and we told you that story about the big drop in u .s. shares currently in hong kong the shares are down another nine percent here our guest is jasmine doan asia senior investment strategist at rbc wealth management jasmine great to have you on the program so we did see some indication that inflation is coming down in the united states but my question to you is if inflation is coming down why is gold well at rbc wealth management we have a bullish view on gold in 2024 and for me three major reasons the first is the gold prices are typically trade inversely with real rates and with the rate high cycle of major central banks coming to an end we think that will ease the downward pressure for gold and set the stage for gold rally uh and the major central banks pivot and second is the central bank global central banks have been building up their gold reserve after the global financial crisis and we think this trend will continue um given the titan geopolitical tension so the central banks now have more intention to diversify their FX reserve and in yearly a survey conducted with the reserve managers this year around five percent of them said they are going they are expecting their gold holding to rise in the next year and this was number only eight percent in 2019 and the last reason is within the economic and geopolitical uncertainty will drive demand for gold as a hedging instrument well we've already seen a pretty decent rally in gold and right now it's trading near records now look our target at rbc wealth management is we think the goal will rally from by around ten percent from the current level so your overweight gold that's interesting we haven't talked so much about it although as paul said we note that it has been surging of late although year to date it's not really up all that much but you're also overweight japanese equities make that case yeah for japan right now we have an overweight and we think the structural changes in japan for example the end of a deflation era and the improvement of corporate governance will continue drive to funds inflow and right now global investors position on japan is at the highest level since 2012 but it is still a 50 basis point below benchmark mark so we think the structural changes could continue to drive global funds inflow to the japan equities we have seen the end strengthen quite a bit in the past few days although historically speaking still pretty weak we're 146 .84 right now at what point does the yen get strong enough that you look at taking a few profits out of japanese equities well we think yen is still the rate the you differentiation between the boj and the fed and right now it's uh and right now our year end target for yen is an 145 so it we is think it going to strengthen a little bit next year but not too much from the current level jasmine you mentioned structural changes in japan um what are some of those changes so for example um we have a deflationary era for japan for a very long time for a few and right now the inflation just start to increase and we think um we think a tight labor market will continue to keep inflation high and will support rate wage growth next year so japan is having a shrinking working age population and this problem is going to be more severe in the coming year and right now the labor unions are asking for a five to six percent wage hike for the spring wage negotiation so that will continue to drive a wage increase which will lead to a higher uh... inflation overall but that's not particularly good for companies and it would raise their costs right well in the past because uh... japan was it was in a deflationary era so the companies are to pass the cost to consumers but now they have a good reason to pass the uh... the operating costs and the surging costs in their raw materials to the consumers so we think the net profit margin for the companies may not be narrowing because of the inflation how do you look at chinese equities at the moment because they're certainly pretty cheap is that enough to tempt you? well we think chinese equities may continue to trade within a limited range next year until major catalysts arrive for example the end of the u .s. rate hike cycle and however having said that we think there is still opportunity to earn alpha to earn return in chinese equities particularly in industries where china has competitive advantages or can benefit from policy tailwinds such as high -end manufacturing and also health care and also companies that are expanding overseas but do worry you about policy in china? we think the policy will continue to be supportive recently and we see many policies supporting the property market that is encouraging but it may not be very effective in terms of boosting the sales growth of the property companies however the bottom line here is we think the property growth track to the overall economy will be much less in 2024 compared to the last few years okay in 20 seconds is xi jinping putting a capitalist hat on now and taking off the socialist hat not necessarily i don't think we have time anyway to go into that you know it's interesting though he is in shanghai now and supposedly going to the shanghai futures exchange a meeting with tech companies so maybe he's trying to nudge uh the side capitalist of the of the chinese economy forward a little bit jasmine thanks so much for joining us here uh and being a good sport jasmine dawn asian senior investment strategy rbc wealth this is bluebird on the on the latest edition of bloomberg intelligence a conversation with bi's herman chan on the fate of regional banks what the banks are saying is that there's still um some questions from their business borrowers and and banks mainly focus on small businesses small commercial real estate operators uh... and and consumers uh... what they're saying is that there there's less demand out there because there's uncertainty with interest rates where they are today there's a lot of sticker shock and then there's also the banks part where they're actually shying away a bit in terms of supplying
Coin Stories with Natalie Brunell
A highlight from James Lavish: Disaster in Bond Market Auction, Chinese Bank Hack, Bitcoin Price and ETFs
"It was ugly. I mean, it was a wake up call. And if you don't think that the Treasury was scrambling around wondering what the heck is going on, you're crazy. Hello, and welcome to the Coin Stories podcast, where we get to explore the future of money, business, technology, and Bitcoin's revolutionary promise to boost economic prosperity around the world. I'm Natalie Brunell, and I'm here to learn with you. This podcast is for educational and entertainment purposes only. None of the discussions should constitute as official investment advice, and you should always do your own research. Please make sure you're subscribed to the show and hit that notifications button so you never miss out on any new episodes. This show is made possible and the content is free thanks to partnerships with companies I trust. And I'm very picky about who I choose to partner with. So I hope you take the time to listen to the ad reads throughout the show. Thanks for joining me. And if you're watching this on YouTube and want to see more videos like it, make sure to hit that like button. All right, it's time for the show. The debt spiral is accelerating. Welcome back to the show. I'm doing a last minute episode with macro analyst James lavish, author of the information as newsletter. James, thanks so much for joining me. Oh, it's great to be here. Natalie, always good to talk to you. Well, before we go into this disastrous 30 year Treasury auction, which I want to learn all about, let's start with what happened last week because the Treasury made an announcement about how much it's going to need to borrow. So why don't you fill us in on that first? Yeah, so the Treasury has to have this refunding every single quarter and they announce what they're going to do. They kind of give the market a signal so people can prepare. The investors can can can get ready for the auctions that are going to be kind of coming up. And so last week there was there was the Fed was talking. They were giving their their decision on the rates. And on the same day, the Treasury was giving this release or going to release this information to the street and tell them what the plan was. Well, it was it's been so important. What's been going on in the US Treasury is that almost all of the spotlight was on this on Wednesday. It was not on Powell for the first time in a very long time. As you know, you've been you've been watching this for a while. And and so it was it was pretty surprising. But in reality, it's not that surprising to people like me and some other investors who have been watching the bond market pretty closely recently. And what happened was they announced that they were going to borrow seven hundred and seventy six billion dollars, a few billion dollars less than the market expected. That's number one. And so the market fourth quarter. Right. That's the fourth quarter. And so the market got took that is OK. That's that's good. So maybe they have spending under control. But just remember that we are running a two trillion dollar deficit right now. So that's that spending is not under control. But the second thing they did is they announced that they would be borrowing on the shorter end of the curve. They would continue to be putting out T -bills and shorter term notes so that they would be able to draw capital out of the reverse repo facility. We'll talk about that in a minute. But basically, they were saying they're going to be borrowing on the short end of the curve, not as much on the long end of the curve, like they're not going to be borrowing at first. They're not going to be issuing 30 year bonds, quite as as many of them as the market expected. In reality, they announced they were going to borrow another twenty three billion and or twenty four billion. And the past auction was like twenty three billion. It's in line with and maybe a little bit less than what the street expected. Remember, everything that the market works around expectations. You've seen this happen all the time. If a company comes out with dismal earnings, but they were a little bit less worse than people expected, the stock could actually go up. It's just the way that the street works.
Bloomberg Daybreak Asia
Fresh update on "six billion dollar" discussed on Bloomberg Daybreak Asia
"The euro is trading at a buck 10 .15 so a little bit of a gain there and yields down the 10 -year yield at four point three one percent and we'll have more on markets coming in up about 15 minutes now it's time for global news despite claims of violations in the ceasefire more hostages have been released by hamas ed baxter has global news in san francisco nine sixty news from it yes quite a day brian twelve more hostages ten israelis and two thai citizens bloomberg scaly lion says the claims of violence came through loud and clear according to the idea there were three separate explosions targeting israeli troops in northern gaza in that were positioned in areas in which the ceasefire agreement was covered there were subsequent shootings according to the idf while hamas also has said there have been violations of the truce agreement without further elaboration now it's not clear at this time what that means for for the overall state of the truth is there has been no indication of further fighting or escalation at this point and kelly says there are talks for more cease fires also worth noting this morning is i a director bill burns along with the director of the side uh... from israel are in dohah four meetings initiated by by cutter that the egyptians will also take part in to discuss potentially this truce extending even further beyond this this today extension meanwhile aida bloomberg's rosalyn mathison says it's moving slowly a comes in through these trucks to the rougher crossing which is at the bottom the egypt at that traveling up to the northern parts of the house is pretty much impossible because israel is really say we don't want anything going into the northern areas of gaza itself so we know the humanitarian situation remains very dot this ceasefire is due to end thursday morning china says it wants to renew its defense relations with australia the head of the communist party's international department is is making the overture saying it's important that the two iron out their differences saying there are possible concerns on both sides mark cuban may not be the owner of the dallas mavericks much much longer uh... mariam adelson the widow of casino magnate sheldon adelson is a selling two billion dollars worth of stock in the las vegas sands corps so the family can acquire a majority stake in a professional sports team that's what the filing family says already has a binding purchase agreement for a team according to regulatory filing the the adelsons are will use of proceeds from the offering as well as cash on hand to purchase the team of course subject to customary league approvals motion in the house formally introduced today to expel congressman george santos made by congressman robert garcia and santos is responding it this building if it this city put the effort to fixing our country the same way they put on we'd be in a better place but this place is littered in political theater and the american people are are the ones paying the price congress has 48 hours to act under the resolution donald trump civil trial had that the defense call an executive from deutsche bank bloomberg's eric larson is covering the trial says a managing director david williams basically made the points that uh... even though trump late uh... his asset values that the bank just corrected that internally granted him loans anyway so basically the bank knew what trump was doing and and then uh... and then jiggle the paperwork internally global news twenty four hours a day and whenever you want it with bloomberg news now in san francisco i met baxter and this is bloomberg are brian and thanks very very much shine brand curtis in hong kong here are some of the top business stories of the hour charlie monger the sidekick to warren buffett for some sixty years has died monger helped buffett transform sure hath away from a failing textile maker into an empire bloomberg's matthew palazzolo remembers as charlie monger special relationship with buffett they're recalling individual meetings that they had you know forty fifty years ago and and buffett is forgetting a couple things among those workers reminding him of well this guy said that we said this and we made this much money in these meetings i mean it was you know truly a partnership for all of that time and their interactions finish each other's sentences that's bloomberg's matthew palazzolo died on tuesday at california hospital he was ninety nine well in the latest fed and speak to fed officials sounded less hawkish today signaling that they could be comfortable holding interest for steady for the moment years that governor christopher waller and increasingly confident the policy is currently well -positioned to slow the economy and get inflation back to two percent in the meantime fed governor michelle bowman said that she remains willing to support rate hikes if inflation progress however stalls she stopped short of endorsing a rate hike next month both waller and bowman noted that there are still many uncertainties about how monetary policy is likely to unfold in the meantime bill ackman pershing square capital management founder and ceo is betting that the fed will begin cutting rates sooner than markets are predicting is ackman speaking on the david rubenstein peer i conversations think there's a a risk of a hard landing at the fed doesn't start cutting rates you pretty know soon so that you know i think the market expects sometime middle of next year i think it's more likely probably as early as q bill ackman there traders are fully pricing in a rate cut in june with the chance of a happening cut in may priced at about eighty percent and that's according to swaps market data well delegates say that opec plus is no closer to resolving the deadlock over oil output quotas for some african members this has already forced the group to delay a critical meeting we get more you feel it those delegates say the saudi led alliances not been able to reach an agreement with angola and nigeria which are pushing back against lower quota limits for twenty twenty four the their diminished production capabilities one delegate says the stalemate may not be resolved before the scheduled opec plus meeting on november thirtieth potentially requiring a further delay in new new york charlie pellet bloomberg radio to corporate news now mate one shares tumbling eleven percent in new new york trading after the company warned of slower growth ahead bloomberg's have on man with the story eight in ones hong kong that growth would they fall this quarter because of warmer weather cfo tensile ways that would people likely dine out rather than ordering in the prediction comes as a chinese meal delivery company reported its third straight quarterly profit revenue was slightly better than expected sales rose twenty two percent in the quarter ending in september net income almost tripled to three point five nine billion yen the margins slid because of promotions the company said spending on promotions will rise further in the current quarter in hong kong i'm evan mann bloomberg radio the holdings surged eighteen percent after reporting this stronger than anticipated doubling in revenue bloomberg's joanne wong with the story in hong kong pdd is the parent of chinese e -commerce platform ping dua wall the company reported a forty seven percent surgeon net income in the third quarter sales jumped to nine point six billion dollars the strong results follow ramped up desk counter marketing for its hit shopping app tae wu his growth also far outpaced chinese rivals including alibaba pdd's u .s. listed shares have sort seventy percent since july while alibaba and jd .com have tumbled the outperformance reflects the patient the paint although will continue to steal market share at home and when fans abroad as well hong kong juan wong lumbar radio at the time is ten minutes past the hour let's say good morning to sarah chan who is bloomberg china tech reporter to take a closer look at these earnings
77WABC Radio
"six billion dollar" Discussed on 77WABC Radio
"G is giving aid and comfort to the enemy, just as Wolf Blitzer did. And what does Durbin say? Go. Is a ceasefire needed now? I think it is, at least in the context of both sides agreeing. For example, the release of those who have been kidnapped should be part of this immediate release. That should the be beginning of it. Isn't it interesting when it came to Americans left behind in Afghanistan, did you see this kind of focused interest in getting them out of Afghanistan? They don't even talk about it anymore. Hundreds of Americans, by last report I think, were left behind in Afghanistan. Where are they? What has happened if they don't matter anymore? On to the next. And what about the six billion dollars that Biden directed the South Koreans to release to the Iranians? Well, it's here, it's there. The Iranians know what it is and they know what they want. If it hard was so to get, then they wouldn't have made the deal in the first place. He paid six billion dollars for five hostages. We don't do that. But we did. And Biden takes no responsibility for funding Iran, meaning funding Hamas, takes no responsibility for enticing the enemy, the Hamas terrorists, to kidnap
The Charlie Kirk Show
Fresh update on "six billion dollar" discussed on The Charlie Kirk Show
"Cash, welcome to the program. There are many stories here. Cash, what are you looking at? What is the top thing you're seeing? Analyzing. What do you fall in? Cash Patel. Hey, great to be with you, Charlie. I think for me, the biggest thing front and center is everything. Israel, the war, Iran, hostages and the border. I think it's all inextricably intertwined. And I think our enemies have done a masterful job in overtaking anything Joe Biden has put towards them. What I mean by that is pretty simple. We have Americans who have been taken hostage. Our president has done zero to secure their release. We have an enemy in Iran that our president has funded. They are using Hezbollah and Hamas proxies to fight a two fronted war. And they are putting on this stage, yes, stage ceasefire, in my opinion, to increase their leverage points within this war and decrease America and Israel's. And at the same time, they are flooding the zone here in America through the southern border by pouring in terrorists, criminals and other thugs through their use of the CCP, the cartels and the Russian affiliates that they are all in bed together with for one mission and one mission alone to degrade American national security. And they're succeeding. How many American hostages are there still in Gaza? I mean, we'd have to believe the numbers that are coming from Joe Biden's mouth. So I don't. But at least 10, probably more. And we don't know if they're alive or dead. We have zero communications with them. We have zero ability to negotiate with them directly. And the only thing that they know is that Joe Biden will pay them six billion dollars if you put up a hostage for release. And Joe Biden is now on the verge of signing another order that will unfreeze 10 billion more to the Iranians. So they have set the tone, they, the Biden administration, if you take an American, we'll buy them back. And that is one of the most deadly national security policies you can ever have in the Trump administration, where I was at the epicenter of hostage negotiations and rescues. We took back 50 plus hostages and detainees and we spent zero dollars and gave zero money to terrorists. And they stopped taking American hostages because they knew the threat of force that Donald Trump would bring to their door if they were to take more and more hostages. And that just doesn't exist with Joe Biden. Yeah. And I said this couple of times on the show, Cash, this is again, I don't want to overly politicize some of this stuff, but I think it's necessary. I think it's been a failure of the opposition party Republicans, especially this last couple of weeks. How have we not made a bigger deal that there's an active hostage crisis? It's the biggest story that no, it's like, oh, yeah, we have hostages. This stuff used to end presidencies and the media seems kind of uninterested. You know, Speaker Johnson, who's been a complete disappointment, what a letdown that guy is. And, you know, where is he making a big deal out of this? Why did he not have Thanksgiving hearings about where are the hostages? Let's get answers. Instead, it's like, well, we're going to trust Joe Biden. We're not going to trust Joe Biden to get our U.S. passport holders back. So, Cash, just kind of more broadly, again, I struggle to say that we should go out of our way to make this political. But this is about the country. How has Joe Biden been able to squeak by in the midst of now a seven week hostage crisis? If you went around the country to a random state, said, hey, do you know that we're in the middle of a hostage crisis? They what? I thought it's just Israelis, if they even know the story at all. Cash Patel, look, you kind of dissected this thing perfectly and it's you're right. It shouldn't be political, but it is. And here's the reality. Not only do they have hostages, they have children. Children are being abducted and killed by a foreign terrorist organization. That's what Hamas is. That's what Hezbollah is. That's what the Iranian Quds Force is. And IRGC, all terrorists and Joe Biden has given them money. And the reason and here's and dare I say so, the reason that it is not mainstream media is because of President Trump's wildly successful campaign to return hostages and detainees safely. The 54 that he brought back were more than every president before him combined. So if the mainstream media were forced to cover this atrocity, that is the hostage taking of Americans and Israelis and others, then they would be forced to cover Donald Trump's successes and Joe Biden's monumental failures in this arena of national security. And then you're right about Congress. Congress could be going out there and saying, no, no, no, Joe, we are going to freeze your access and ability to reverse some of these banking decisions that allow Iran to have billions of dollars. We are going to stop funding agencies and departments that do any business with the foreign governments of places like, say, the CCP, Russia or any other ally of Iran. But Congress doesn't want to stand up. Congress, this Congress has never stood up irrespective of who its leader has been. I really don't care. They have never put out the subpoenas and enforced them for the Hunter Biden scandal. They've never taken FBI and DOJ to task for lying to Congress under oath. They have allowed a two tier system of justice to weaponize a politicized nation already even further. And they do not do anything to take back constitutional oversight authority that they have. So I don't care who the leader is. These people in Congress have failed to act to represent our national security interests. So we have anywhere between 10 to 20 American. Do we know the identity of these people? Why has Mike Johnson not said, hey, we're not going to do a continuing resolution? He never should have done. I want the identities of the Americans being held hostage. And this is amazing to me. We have American passport holders, our fellow citizens that are being held hostage by Gaza. So, Cash, am I understanding correctly by Hamas? Are we funding both sides? Well, we are indirectly funding both sides. Hamas is a foreign terrorist organization. When Joe Biden unfroze six billion dollars of money and they're being super cheeky when they say, oh, it's Iran's money, we froze it 20 years ago because Iran was doing business with terrorists and then became the largest state sponsor of terror. That's why our allies took away their ability to bank. Joe Biden gave it back to them. Where do you think this six billion dollars is going? It's going to the Ayatollah who came out on the world stage and said, we will not be dictated to on how we spend our money that Joe Biden just gave us back. Translation, he's giving it to the Quds Force. He's giving it to the IRGC. He's giving it to Hezbollah. He's giving it to Hamas and all the other Iranian, what we call Shia militia groups in the region. And when it comes to identities of hostages, yes and no. So it's like one of those things where if we have a hostage rescue operation in play, we probably don't put out the identity. But the families of these people know who they are and they should be marching down Capitol Hill into the halls of Congress and say, why are you doing more? Yeah. And release them. But by the way, I don't believe John Kirby here. I don't believe him. He knows who these people are. He's a liar. Play cut seven. As for the other Americans that we believe are in captivity being held hostage, we don't have a whole lot of information about them, where they are, what condition they might be in or what exactly the schedule would be for their release. That said, as you heard the president say over the weekend, we're going to keep working at this hour by hour. And we certainly have every hope that when these four days are over with and the and the original agreement is done, that Hamas will be able to come up with more hostages in coming days to allow that pause to continue and allow more people to get out. All right. Let me tell you how you end this. This thing could be ended in 10 minutes. OK, all it would take is if Trump was president, say, OK, we have a drone over Doha and we will drone strike your condominium Hamas leader. You release you got you got 20 minutes or I'm drone striking you at your beautiful palatial place in Qatar, Doha, Doha, Qatar. We are going to we're going to a drone is going to happen. You guys are going to die or you release our hostages immediately. Instead, we're rolling over and oh, well, we're negotiating. John Kirby, you are a disaster. You are a traitor. He's a traitor to the country.
Mark Levin
Poppy Harlow, Sen. Dick Durbin Call for a Ceasefire
"G is giving aid and comfort to the enemy, just as Wolf Blitzer did. And what does Durbin say? Go. Is a ceasefire needed now? I think it is, at least in the context of both sides agreeing. For example, the release of those who have been kidnapped should be part of this immediate release. That should the be beginning of it. Isn't it interesting when it came to Americans left behind in Afghanistan, did you see this kind of focused interest in getting them out of Afghanistan? They don't even talk about it anymore. Hundreds of Americans, by last report I think, were left behind in Afghanistan. Where are they? What has happened if they don't matter anymore? On to the next. And what about the six billion dollars that Biden directed the South Koreans to release to the Iranians? Well, it's here, it's there. The Iranians know what it is and they know what they want. If it hard was so to get, then they wouldn't have made the deal in the first place. He paid six billion dollars for five hostages. We don't do that. But we did. And Biden takes no responsibility for funding Iran, meaning funding Hamas, takes no responsibility for enticing the enemy, the Hamas terrorists, to kidnap
Bloomberg Daybreak Asia
Fresh update on "six billion dollar" discussed on Bloomberg Daybreak Asia
"Than the cash close yesterday but a few other markets tilting to the upside for instance uh... in australia as well a slow start there we'll get to that so we mentioned governor chris waller had made some comments he has been one of the most hawkish officials and and he said that he was increasingly confident that uh... policy was kind of in place to get inflation back back to two percent so the market interpreted that as uh... no need to raise uh... too much anymore uh... and so that's that's one of the reasons that we saw that run up and we had a big move down in the dollar that will to be the music years of investors out here in asia as well the bloomer dollar spot index was off about four tenths of one percent dalian at the moment one forty seven forty and we had yields down as well the ten -year yield down six basis points to four point three two percent and the two -year all the way down to four point seventy three percent that was a drop of fifteen basis points so huge action there wti crude seventy six fifty nine apparel and that is a check of well despite claims of cease -fire violations more hostages have been released by hummus the doctor has global news in san francisco ed yeah thank you brian you're right twelve more ten israelis to tie citizens bloomberg's kaley lion says the claims of violence came through loudly and barely according to the idea there were three separate explosions targeting israeli troops in northern gaza in that were positioned in areas in which the cease -fire agreement was covered there were subsequent shootings according to the d f i while hummus also has said there have been violations of the truce agreement without further elaboration now it's not clear at this time what that means for the overall state of the truth is there has been no indication of further fighting or relation at this point and kaley says that there are talks of more ceasefires now also worth noting this morning is numbers reporting that the ci a director bill burns along with the director of the side uh... from israel are in dohah four meetings initiated by cutter that the egyptians will also take part in to discuss potentially this truce extending further even beyond just this two -day extension and aid well bloomberg's rosalyn mathison says it is moving slowly a comes in through these trucks to the rougher crossing which is at the bottom the egypt that traveling up to the northern parts of gaza's pretty much impossible because israel is really saying we don't want anything going into the northern areas of gaza itself so we know the humanitarian situation remains very dot yeah the fire is due to end on thursday morning china says it wants to renew its defense relations with australia the of head the communist party's international department shan shao lu saying the overture and making the overtures saying it's important that the two iron out their differences saying there are possible concerns on both sides motion of the house formally introduced today to expel congressman george santos made by congressman robert garcia house resolution one one four resolved that pursuant to article one section five clause two of the constitution of the united states representative george santos b and he hereby is expelled from the house of representatives now santos has responded if this building if this put city the effort to fixing our country the same way that they put on expelling we'd be in a better place but this place is littered in political theater and the american people are the are the ones paying the price congress has 48 hours to act under the resolution donald trump's civil trial has a defense calling an executive from deutsche bank bloomberg's eric larson says he's covering the trial and says managing director david did inflate his asset values the bank just corrected that totally and granted him loans anyway so basically the bank knew what trump was doing and that values were in fact inflated but just just uh... did something internally and it was okay global news 24 hours a day and whenever you want it with bloomberg news now in san francisco i'm ed extra this is bloomberg are by thanks very much the time six -and -a -half minutes past the hour i'm brian along curtis with bonnie quinn and we take a look at some of the top business stories now well in the latest fed speak as mentioned we earlier to fed officials sounded a little less hawkish today signaling that they could be comfortable holding interest rates steady for the moment his fed governor christopher confident the policy is currently well positioned to slow the economy and get percent separately fed governor michelle bowman said that she remains support fed hikes if inflation progress stalls but she stopped short of endorsing a rate hike next month both waller and bowman noted that there are still many uncertainties about how monetary policy is likely to unfold and brian delegates say opec plus is no closer to resolving the deadlock over oil output quotas for some african members this is already forced the group to delay a critical meeting more from bloomberg's charlie pellet those delegates say the saudi -led alliance has not been able to reach an agreement with angola and nigeria which are pushing back against lower quota limits for 2024 that reflect their diminished production capabilities one delegate says the stalemate may not be resolved before the scheduled opec plus meeting on november thirtieth potentially requiring a further delay a in new york charlie pellet bloomberg radio well the reserve bank of new zealand is expected the to keep country's cash rate on hold at five and a half percent today but the market is expecting easing by the middle of next year bloomberg's paul allen has more from sydney all twenty one economists surveyed by bloomberg see no change to new zealand's cash rate today inflation did ease faster than expected to five point six percent in the third quarter and that's led the market to start pricing in cuts from may 2024 rbnz governor adrian or may push back on that at today's press conference with the bank reiterating last month a higher for longer narrative or may also face questions on the new government's plans to reform the rbnz including returning turning it to a single mandate of inflation tightening at a possible time frame in which to achieve its inflation targets paul allen bloomberg radio metron shares tumbled eleven percent in new york trading after the company warned of slower growth ahead bloomberg's yvonne man has more from hong kong they once said growth would fall all this quarter because of warmer weather cfo change ways that people would likely dine rather out than ordering in the prediction comes as a chinese meal delivery company reported its third straight quarterly profit revenue was slightly better than expected sales rose 22 in the quarter ending in september net income almost tripled to three point five nine billion yen margins the slid because of promotions the company said spending on promotions will rise further in the current quarter in hong kong i'm yvonne man bloomberg radio meantime in other earnings news pdd holding surged eighteen percent in new york after reporting a stronger than expected doubling of revenue we get that story from bloomberg's joanne wong in hong kong pdd is a parent of chinese e -commerce platform pinduoduo the company reported a forty seven percent surge in net income in the third quarter sales sales jumped to nine point six billion dollars the strong results follow ramped up desk countermarketing for his hit hit shopping apt to move his growth also far outpaced chinese rivals including alibaba pdd's u is u s list of shares have soared seventy percent since july while alibaba and jd dot com have tumbled yeah performance reflects anticipation the pain to although will continue to steal market share at home abroad as well hong kong join wong bloomberg radio charlie monger the man who helped warren buffett build berkshire has a way has died at age ninety nine bircher said monger died on tuesday at a california now hospital let's take a moment to reflect on the life of work and legacy of berkshire pathways you longer for that we go to a special report from bloomberg's john tucker charles a sidekick and foiled to warren buffett for almost sixty years as they transform berkshire hathaway from a failing textile maker into an empire a lawyer by training monger helped the craft buffett a philosophy of investing in companies for the long term and even as his partner became a worldwide wide celebrity known far and wide as the oracle of omaha monger believed bircher's success would outlast buffett's star power in my opinion berkshire will flourish after warren's gone i don't think anybody is is essential given the momentum we now have in place he didn't overstate his own importance either sharing his vice chairman title at berkshire in 2018 with two next generation senior executives and affirming the company's commitment to a succession plan i'm john tucker
The Dan Bongino Show
John Kirby Can't Explain the Money Trail of $6B To Iran
"Jim if you would queue up for me cut to I didn't get to this yesterday here's Kirby John Kirby again a guy who has shred any semblance of human dignity at all here's John Kirby on the weekend shows with Shannon bream on Fox he still cannot explain how it is that we released six billion dollars to the death death to America Mullins he still can't explain the money trail he seems genuinely confused why we're giving billions dollars to people who want to kill us he's not confused they're just lying Jim open your mic for a second free place we got to do this test again this is getting difficult again Occam's razor folks keep it simple stupid Jim why is the Biden administration freezing not the six billion dollars to the death to America Mullins why do you think because they don't want to yeah thank you the judges ruled Jim is correct because they don't want to because they love these guys they have been kissing the Iranians asses forever that's why listen to Kirby try to explain this away check this out the Iranian regime never gets it the money was never frozen when it was in South Korea any more than it was frozen when it got to Qatar and it was part of a series of accounts set up by the Trump administration there was no hue and cry back then when Secretary Pompeo announced these accounts and that the Iranians spent down billions of dollars from the other accounts for what was supposed to be humanitarian purposes but we don't really know none of that but we can't account for that I it can can only account for that six billion and it's all still in Qatar none of it has been accessed and we're watching it like a hawk able you want to be to access it is it truly that you can refreeze it in essence or whatever terminology you'd like to use so they don't have access to it they have not accessed it we are watching it like a hawk Shannon I'm telling you that we are keeping tabs on every single dime of that and none of it is
The Dan Bongino Show
Kash Patel: Understanding the Possibility of Air & Space Threats
"They got hip to really quick. I wish they And it's not just the drone stuff. I've always said this for a long time now. Our biggest calamities national security wise, our biggest risks are underwater and above us in the air and in space as you highlighted. And with the CCP and Russia combining forces with Iran, which they did while taking our six billion dollars. Make no mistake about it. That money is not frozen. It's going into for us, and they're using it against us, they're combining forces to say, how do we get after America? Let's build you guys drones. And I know for a fact being on the ground probably as close to run as anyone's ever gotten. They're buying And these drones handmade systems from places like Syria, Russia and the CCP and they're using and flying it into American air bases and now Israel. And you're absolutely right. This threat has been avoided by the Biden administration because they didn't take the aerial threat, the underwater threat and threatened space seriously, like we did when Donald Trump started Space Force and everyone was laughing at him for starting to do that. Well, now that's right. I think they bet they probably wanted to fuel that one up 110 % to prevent these threats because we don't have an aircraft carrier fighting strategic anymore. mission Those days are gone. They're in World War II. So when we send a carrier fleet group over there, yes, it's a show of force, but it doesn't do anything else. We're just opening ourselves up to more targets from these aerial and drone strikes. And then what happens when one of these ships gets hit and a thousand Americans go down? I mean, this is the reality we're facing with the attitude of the Biden administration. And it's not just that they're dumb. They're evil and it's intentional. And the American public needs to
77WABC Radio
"six billion dollar" Discussed on 77WABC Radio
"When in reality, Iran is a radical, theocratic dictatorship and will never be anything but as long as the Ayatollah's government, that's why they fund and fuel groups like Hamas and Hezbollah who are dedicated not just to killing Jews in Israel but to killing Americans as well. And President Biden's policies are simply a resurrection of Barack Obama's policies, in many cases run by the same people who made Iran policy and the Obama administration have projected weakness, they have empowered Iran and therefore they have empowered Iran's proxies like Hamas. And still to this day, even when you look at his speeches, the president yesterday refused to say the word Iran. He talked about any country, he refused to mention Hezbollah, he talked about any organization, like he apparently will not say even the names of our enemies for fear of provoking them or angering them, when in reality what we should be saying directly, not just some unnamed organization or unnamed nation, is if Iran or Hezbollah take advantage of the situation, we will crush them as well. We mentioned in passing at the White House, and what he didn't do today, is this, Senator Cotton, we focus on this six billion dollars, bad which is enough, and it's not just the availability of money at some point to be used for terrorism, it is the fact that we would give six billion dollars to an enemy that is trying to build nuclear weapons on ICBMs aimed at the United States, have sent an assassin to the United States to kill a former Secretary of State, former head of the National Security Council, and a country that is the regime that has killed American soldiers, created horrific casualties, you're a combat veteran, you know this yourself, and we give them six billion dollars, let's pretend they to use buy it flowers, why would you give them six
Mark Levin
Sen. Tom Cotton: Obama-Biden Policies Elevated the Iranian Regime
"When in reality, Iran is a radical, theocratic dictatorship and will never be anything but as long as the Ayatollah's government, that's why they fund and fuel groups like Hamas and Hezbollah who are dedicated not just to killing Jews in Israel but to killing Americans as well. And President Biden's policies are simply a resurrection of Barack Obama's policies, in many cases run by the same people who made Iran policy and the Obama administration have projected weakness, they have empowered Iran and therefore they have empowered Iran's proxies like Hamas. And still to this day, even when you look at his speeches, the president yesterday refused to say the word Iran. He talked about any country, he refused to mention Hezbollah, he talked about any organization, like he apparently will not say even the names of our enemies for fear of provoking them or angering them, when in reality what we should be saying directly, not just some unnamed organization or unnamed nation, is if Iran or Hezbollah take advantage of the situation, we will crush them as well. We mentioned in passing at the White House, and what he didn't do today, is this, Senator Cotton, we focus on this six billion dollars, bad which is enough, and it's not just the availability of money at some point to be used for terrorism, it is the fact that we would give six billion dollars to an enemy that is trying to build nuclear weapons on ICBMs aimed at the United States, have sent an assassin to the United States to kill a former Secretary of State, former head of the National Security Council, and a country that is the regime that has killed American soldiers, created horrific casualties, you're a combat veteran, you know this yourself, and we give them six billion dollars, let's pretend they to use buy it flowers, why would you give them six
WLS-AM 890
"six billion dollar" Discussed on WLS-AM 890
"And defend Hamas watch watch just flag it right now watch what's gonna happen as the first Israeli strikes start to take out targets that are going to unfortunately involve civilians and the Palestinians do the whole propaganda thing they do every time the whole thing is going to change I don't think the Israelis care at this point though I don't think they care so I'm hearing that Hamas is really terrified right now because Hezbollah has been not restrained but I think they were expecting a full -scale Hezbollah invasion I think they were expecting the entire Arab world unify to behind them and that's not really what happened so Hezbollah don't know what to do right now now the pressure on the White House to cut back this six billion dollar payment to the death to America crowd is growing why because the White House still cannot come up from an explanation as to why they should be giving a regime the chance death dollars this happened yesterday this is Jake Sullivan being questioned by Jackie Heinrich from Fox Jake Sullivan is a national security advisor he's a moron I think we know that he was a peepee tape hoaxer he's the guy who just three weeks ago said the Middle East is quieter now it's than ever been I bet you like to take that one back Jake they didn't quite work out for you did here's Jake Sullivan asked the simple question why are we the giving Iranians six billion dollars can I ask you a simple question before I play this folks just this is gonna be you might want to turn this down if there are kids around but I need to say it this way I need you to understand it's gonna be harsh so I'll give you a second here kids don't listen okay someone breaks into your house tomorrow beheads your kids and rapes your wife and you owe them embling debt you're gonna pay them the hundred bucks as they walk out sorry that
Capstone Conversation
Capstone's Jared Asch Welcomes CCTA Executive Director Tim Haile
"Welcome to the Capstone Conversation. I'm your host, Jared Ash. I'm joined by Tim Hale, the head of the Contra Costa Transit Authority, otherwise known as CCTA. And today we're going to be talking about the future of transportation. We won't solve all your transit problems today, especially the commute down Ignacio Valley Road, but we're going to look at where transportation is going. Well, yeah, thank you, Jared. And first, appreciate you having me on the podcast. This is a lot of fun. Yeah. And like I said, I'm Tim Hale or like Jared said, I'm Tim Hale, the executive director Contra Costa Transportation Authority. And I got to make sure I get that right because it can get kind of confusing because we have we have a transit operator called Central Contra Costa Transit Authority. And we laugh about this all the time because there's always confusion. Like I get emails from the from that I'll be representative of triple CTA and then the other GM will get emails from two CTA. So we always refer to ourselves as triple CTA and two CTA. But anyways, you should start. What is your what is CTA? Right. Let's get to a basic thing. What is your jurisdiction? What is your responsibility? Yeah, no, I think. Yeah. So Contra Costa Transportation Authority is actually a voter approved agency here in Contra Costa County. So we were created by a half percent, which is one half of one percent sales tax here in Contra Costa County. So we got we were created in 1988 with the first measure, which was measure C, and now we closed out that measure. And I'm happy to say that we delivered all of our commitments as part of that measure. And then there was a renewal of that in 2004 called Measure J, which is our current measure that we're currently operating off of. And that measure generates about two point seven billion dollars over the life of the measure. So it's a twenty five year measure. It sunsets in twenty thirty four. And what we do is we use those sales tax dollars to fund programs. For example, if you live in the La Miranda area or the San Ramon Danville area, we provide funding for all the school bus programs in those sub regions. We also have provide funding for transit, local transit operators here in Contra Costa County. We also provide funding for educational programs like street smarts, and that's an assembly program where we go into all two hundred and sixty schools in Contra Costa County and teach kids how to walk safely and ride their bike safely across roads and intersections. And then we also build large capital projects. And so a lot of people think the work that's being done in Contra Costa County is usually Caltrans, which is the Department of Transportation here in California. But but all the improvements that you've seen, major capital improvements you've seen, like, for example, the fourth board, the Caldecott Tunnel, the modernization of Highway 4 all the way out to Brentwood. That was a one point two billion dollar investment using Measure J funds and Measure C funds. And then all the improvements you've seen on 680, the express lanes, the widenings, the intersection improvements, and so we also provide 18 percent of our revenues go to local jurisdictions for roadway paving to fix potholes, to fix intersections, fix roadways. And over the last 10 years, CTA has leveraged about one point four billion dollars in local sales tax revenue to build five point six billion dollars of total transportation improvements in Contra Costa County. And so that's really important because in order to attract additional state and federal funds into Contra Costa County, we have to have this local revenue source to be able to do that. Because most of the state and federal funding is competitive and that requires us to have bring money to the table to be able to attract those dollars in the Contra Costa County. So it's really critical as we look towards the future that we have these local revenues to continue to build and improve the transportation system here in Contra Costa
Bloomberg Radio New York
"six billion dollar" Discussed on Bloomberg Radio New York
"Yes if six billion dollars in funds are coming in that frees up funds for other purposes and that's essentially the argument that ambassador Haley is making and yet at the same time it's important for the audience to understand that this money isn't US money it was money that was frozen in an account that belongs to Iran and what the Biden administration is trying to do is use it as leverage to obviously get the release of five Americans who were unjustly held in Iranian prisons I think now Joe the interesting question is can they use the release or partial release of some of that money to free some of both the US as well as Israeli hostesses they're held by Hamas and essentially tell Tehran if you want any of this funds you're going to have to ensure the the release of those hostages but just as a point of reference when an Israeli soldier a couple decades ago was captured by Hamas the deal that came out of it was 1 ,000 Hamas fighters for one Israeli soldier so the that's scope of and the precedent of what we're looking at well and I don't think that's going to be happening this time Kevin McCarthy says refreeze the money Brett is that possible it well the money currently is not in Iranian hands it is in a Qatari bank and and the US does need to greenlight its further release the by Qatari bank and so I think it's important here not to give the impression that this money is already in Iran's hands and as I said look at because of and I think there is certainly some strong indications that new and in some suggestion that there may have been a radiant involvement in this attack as an effort to disrupt any advancement in Israel Saudi Arabia normalization of relations so I think you know as intelligence that starts coming to the fore it will provide more cover for the Biden administration to say we're releasing not those funds or we're not releasing those funds until the following things happen I know you're not a a military strategist Brett but before you leave us we're looking at some pretty tough pictures here with constant bombardment now that night has fallen in Gaza what will happen of the Israelis taken hostage well I think what we are right now is a plan by the Israeli forces to completely dismantle Hamas's structure and their quasi -government control over the Gaza Strip on the Hamas side I think they have to be careful here because created they have images, video and just obviously the reports of what's happened to civilians are horrifying and I think you know if in the case of these hostages any harm comes to them any additional harm if they are not going to release them for an extended period of time that will only increase pressure international pressure on Hamas so I would expect that we're going to see an effort to try and and reach some sort of negotiated agreement at least when it comes to a significant portion of the civilian hostages Great to have you with us Brett Bruin of the Global Situation Room a perfect time conversation Brett we thank you for the insights and bringing your experience to us here on sound on I'm joined in studio by Rick Davis of course Bloomberg politics contributor Republican strategist who has deep ties to the defense and intelligence communities here in Washington before we assemble the panel Rick I just wonder your first thought on this this is going to be a long night it like looks in Gaza what can Israel do to protect its own yeah look I think that the number one thing they're doing right now is rooting out Hamas terrorists inside of Israel already and that operation continues this moment and there is some expectation that that roll -up will take some time and so regardless of whether or not the troops that have amassed on the border with Gaza from Israel are planning a ground assault the number one issue for the Israeli defense and intelligence community is to make sure that the terrorists that are within Israel can do no more harm and so once we see that operation starting to peek out I think you'll start to see the hammer of Israel come down on Gaza Strip and it'll be interesting to see how much support the US gives to that, our aircraft carriers in the region, our most high -tech carrier than in our entire fleet, the Gerald Ford and this administration is fully committed as they've articulated to Israel's defense. Rick Davis with us live in Washington. We will add Jeannie Shenzeno to the conversation. Our signature panel is up next. On an important day, thanks for being with us on this is Bloomberg. Bloomberg Radio on demand and end in your podcast feed. On the latest edition of the Bloomberg Daybreak Podcast, a conversation with Bloomberg's Israel bureau chief Ethan Brawner. The army seems to be closing in on taking control of the towns along the Gaza border in the south that they had not had control of for the last 48 hours, but there are still they say Hamas fighters at large around there. We think at least a thousand came in on Saturday morning, which means that some of them may be beyond the south and Israel is also bombing in Gaza. It's hit more than a thousand targets. It's trying to stop, it says, infrastructure from leading to more shooting of rockets and missiles, but there are still about a hundred, at least, hostages taken
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 09-30-2023 07:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. To any part of today's program, you can listen on demand with our Wall Street Week podcast. Find that on Apple, Spotify or anywhere else you get your podcasts. I'm David Weston. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg dot com and the Bloomberg Business Act. This is Bloomberg Radio. House Speaker Kevin McCarthy is offering little to no clear answers on the next steps for government funding as the government shutdown looms closer. Jim Forbes has more. The speaker spoke to reporters Friday after House Republicans met for close to three hours in hopes of coming up with a plan to avoid a shutdown. I think we had a interesting conversation there, but we continue to work through trying to find the way out of this. I firmly believe there are no winners in a government shutdown. And I think that's the best way forward to make sure government does not shut down. McCarthy said he thinks a Senate bill without six billion dollars in funding to Ukraine could pass in the House. But he thinks Democrats would oppose it. The government is set to shut down Sunday morning at 1201 if lawmakers fail to reach a deal. I'm Jim Forbes. Student loan payments are starting up again after a three year pause. Correspondent Brian Chung says there's still going to be some leniency from the Department of Education. They're saying, look, the payments are due. The interest started collecting last month. The first payments are due October 1st. But the Department of Education is saying if you don't make a payment, it's going to be OK. We won't report you immediately to the credit reporting agencies like they usually do. Come tomorrow, the payments that were paused for over 45 million borrowers during the pandemic.
Bloomberg Radio New York
"six billion dollar" Discussed on Bloomberg Radio New York
"Hours a day I'm at Bloomberg House Hannah .com Speaker and Kevin the Bloomberg McCarthy Business is Act. offering steps little to for no government clear Broadcasting answers funding. on 24 the next He spoke to reporters Friday after House Republicans met for almost three hours to come up with a plan to avoid a shutdown. McCarthy said he thinks a Senate bill without six billion dollars in funding to Ukraine could pass in the House, adding that he thinks Democrats will oppose it. California's governor is calling the late Senator Dianne Feinstein a role model. lose. He said he signed was many things. A powerful trailblazing U .S. senator, an early voice for gun control, a leader in times of tragedy and chaos. But to me, she was a dear friend, a lifelong mentor and a role model for what a powerful, effective leader looks like. Feinstein is praised for breaking gender barriers throughout her long career local and national politics. I'm Lucinda Kaye. Las Vegas police say a suspect has been arrested in the 1996 murder of rapper Tupac Shakur. We are here today to announce the arrest of 60 -year -old Dwayne Keith Davis, aka Kefi D, for Tupac Shakur. At an intersection, Democratic presidential candidate Robert Kennedy Jr. says he has a major announcement to make. On Friday, RFK Jr. released a saying video he'll be traveling to Philadelphia on October 9th to make a speech at the birthplace of nation. our The news is fueling speculation that he may decide to run for president as independent an candidate. I'm Bryan Shook. Student loan payments are starting up again after a three -year pause. NBC's Bryan still Chung going says to be there's some leniency from the Department of Education. They're saying, look, the payments are due. The interest started been last collecting month. The first payments are due October 1st, but the Department of Education is saying if you don't make a payment, it's going to be okay. We won't report you immediately to the credit reporting agencies like they usually do. Come Sunday, the payments paused that for were over 45 million borrowers during the pandemic will become active again. The average borrower owes around $29 ,000 and most of that debt is held by the federal government. A Michigan judge is ruling the teen who shot seven people and killed four at Oxford High School in November 2021 can be sentenced to life without parole. Judge Kwame Rowe made the over a 26 foot tall statue of Marilyn Monroe in her iconic white dress. Greenfield Steve has more. It was purchased for a million dollars two years ago and put on Museum Way in downtown Palm KESQ Palm Springs says two groups are now fighting over its location. The committee to relocate Marilyn wants to move to another part of the city because they say it blocks traffic and the view of the Palm Springs Art Museum but another group called Protect Our Marilyn is gathering signatures for a potential ballot measure March in which would ask voters to keep the statue in its current location. Steve Greenfield reporting a trio of new releases are looking to wake up a sleepy box office this weekend. a 10 Saw the latest entry in the horror franchise earned 2 million dollars from previous screenings Thursday. Meanwhile, sci -fi film The Creator brought in 1 .6 million. The two films will be joined by the animated Paw Patrol The Mighty Movie at theaters this weekend. I'm Bryan Shook. And now this Bloomberg Sports Update. The 44th Ryder Cup continues all weekend from Marco Simone Golf and Country Club in Italy and the Europeans are halfway to the trophy after day two of play. They lead the Americans six and a half to one and a half. Fourteen points are needed for cup. the Third round play gets underway 135 AM eastern time on Saturday. Great foursome pairings. Rory McIlroy and Tommy Fleetwood for Team Europe versus Justin Thomas and Jordan Spieth for Team USA. That's followed by Victor Hovland's pair taking on Scottie Scheffler and Brooks Koepke. Morning matchups end strong as John Rahm and Tyrell Hatton meets America's Patrick Cantlay and Xander Shoffley. Final weekend of the baseball season a forgettable one for both the Yankees and Mets. A pair of fourth place finishes Yankees Carlos Rodon roughed up in Kansas City.
Bloomberg Radio New York
"six billion dollar" Discussed on Bloomberg Radio New York
"That this climate crisis is becoming very, very real will really give them a tailwind. Ross, you said earlier that leaders from Middle Eastern nations had been asserting themselves more forcefully ahead before in New York and another country is Iran in the news. We're starting to see this question of a deal between the Saudis and the Israelis, which always pulls in Iran. The U .S. is involved. Tell us exactly what's happening with that. Well, it's very interesting because of course we had this prisoner swap recently, so it was a five -for -five deal. America got five Americans back. Iran got five Iranians back. Five American citizens tonight are on the final leg of their years -long to journey freedom. Just hours from now, the prisoners who were wrongly detained inside Iran will arrive back in the U .S. But in a way, the thing that's very interesting in all of this is Iran also got six billion dollars back that had been locked up for years in South Korea tied up in the morass of sanctions and penalties over its nuclear program. And that six billion dollars is a really big deal for Iran. And it seems that it came with the promise that it would only be used for certain things like humanitarian aid, but no way of forcing that. So in the end, the U .S. essentially allowed Iran to take that money back. And it's coming against the backdrop of this idea of gentle navigation of Iran to be a better actor on the nuclear front, but so that quietly Iranian oil has been flowing again. And that's a really exciting thing for the U .S. And we're in an environment where the U .S. is probably watching very closely to see if we're back in an era of oil over a hundred dollars, which I'm sure Joe Biden does not want to see as we into get election season. It's a protracted period of high oil inflation back in the headlines and the questions that of means what for the Federal Reserve. And of course, Saudi Arabia and Russia have been actually sort of using their clout in the global oil market to try and keep prices high by cutting output. So if you have Iranian oil flowing again, does that affect the dynamic? So there's a really bunch of very big complex things that play beyond what you would see on the surface as a straightforward prisoner swap, and it all leads back in some fashion also to US politics and the US economy. Then you have the idea of Saudi Arabia and Israel joining forces more and more overtly in the Middle East. And that's sort of a very new development in recent years that we're seeing, and that's leading to a greater trust around business ties, investment trade ties, but also the US wanting Saudi Arabia and Israel very much working with it for American interests in the region. It's very unclear exactly how that's going to play out and how tenable it might be in the long term, because these are, after all, countries that do act in their own interests in the longer term, and if there's a change of administration in the that US, could throw yet another wrench into the mix. And Mario, Joe Biden for a long time has tried to Saudi Arabia. to normalize relations between the Saudis and the Israelis. He met with Israeli Prime Minister Benjamin Netanyahu this week. Exactly What's happening in that discussion? Well, a couple of things. There's drama, first of all, in the fact that Netanyahu had been expected to meet at the White House much earlier than this. Back in July, I President believe Herzog visited the White House. Thank you, Mr. President. It's wonderful to see you again. I bring a message of greeting and gratitude on behalf of the people of Israel, the entire nation of Israel. Now that's a mostly ceremonial role. While Netanyahu essentially there had been speculation or was viewed widely that it was a snub toward him. So the White House quickly, given the tight relationship between the U .S. and Israel, the U .S. quickly said that, oh, well, they'll meet at some time. They met on the sidelines Wednesday of the U .N. summit. So it's not quite a White House visit right that Netanyahu would typically expect. Biden has some terse words for him this earlier year, given some of the far right initiatives that he's undertaken, particularly their judiciary as well. As you mentioned, West, Biden wants to normalize relations between the Arab states, Israel, Saudi Arabia being one of those as well. But also to rise this point, not all of this is just altruism on the part of the U .S. or Joe Biden. A lot of this recall is the fact that Saudi Arabia, a major oil producer, is being courted by China. For the U .S., for Biden, there's a strategic benefit to kind of reining that in and stepping in the way of that. And again, to rise this point, particularly as we look at just how vital the role Saudi Arabia is in the energy market and we look toward 2024 and we know Americans of the world. Like a daily podcast from Bloomberg and iHeartRadio, I'm Wes Kosova and this is Bloomberg. Global market news changes in an instant, so don't miss a minute. Listen to Bloomberg Radio anytime, anywhere, around the world on the iHeartRadio app. Tune in. The Bloomberg Radio app is available at Bloomberg .com. This is a Bloomberg Money Minute. The labor market remains on the tight side as it starts to cool down, but many businesses are still fighting to hire and retain workers. As a result, companies some have scaled back their educational expectations including mandatory college degrees. It's attracting talent. Stacey Haller is a chief career advisor at ResumeBuilder .com. She surveyed 1250 hiring managers across the country and found 20 % have reduced or eliminated educational requirements in the past year. Haller says it's occurring across a
Bloomberg Radio New York
"six billion dollar" Discussed on Bloomberg Radio New York
"Will be striking 38 locations across 20 states across But as I mentioned not Ford and as we look ahead to the next week here and in hopes of some sort of a breakthrough there's going to be an added political element to this as Donald Trump goes to Detroit instead of the Republican debate to speak to members and this is happening and made calls for President Biden Biden to do the same is actually out with a new ad today on all of this. I call it an ad. It's an online video that he just posted on Twitter using the words of Republicans in this case to describe his stand on the union give this a taste. When you have a president that's constantly saying go union go union this is what you get the unions get involved in and then they start asking for things. The first bill he passed at eighty six billion dollars for unions. Senator Tim Scott clearly does prioritize union jobs and he's made very clear here. And you've got an anchor here at Fox a You get taste of this by the way he said yes is that one word on the tweet. Mark Niket is with us Bloomberg politics and government reporter Mark it's wonderful to have you in Washington as we consider the political side to this important you know business meets Wall Street kind of story. We add Washington as well and it's hard to escape the politics as Republicans try to seize the moment. Can they do that is Donald Trump onto something next week? We're gonna find out I mean it's it's pretty clear that what President Trump's trying to do is to cut into Biden's union support in Michigan East Wing State in the 2024 election Biden did very well beat Trump by about 150 ,000 votes in 2020 so in addition to counter -programming the GOP GOP debate that's going on in California I think Trump is sensing an opportunity here that he could make some
The Financial Guys
A highlight from Growing Unease: Current Administrations Approach to Security and Travel with David Bellavia
"What do you think they're doing with cash, right? What deal do you make where someone says, I'll bring a box of money to you? Yeah. What do you, it's, this is a state sponsor of terrorism. Ladies and gentlemen, distinguished guests and my fellow citizens. America's comeback now. starts right Welcome back Financial Guys podcast. Mike Speraza in studio live today with a guest in the studio. I haven't had this in a long time. Staff Sergeant medal of honor recipient David Bellavia joining me for about a half hour today. David, thank you for joining us. Thank you for having me. I appreciate it. Absolutely. So I'm going to stick based on your background. I'm going to stick with a lot of military stuff today and I want to start, we'll go all the way back to the beginning of the Joe Biden presidency. The Afghanistan withdrawal, in my opinion, did not go very smoothly. I'm sure many people listening agree. What were your overall thoughts of that withdrawal and how it actually ended up happening? I know we lost, you know, sadly lost 13 soldiers in that, in that withdrawal. People say we went off the wrong air base. People say that we shouldn't have gone out in the middle of the summer. There was a lot of different things there. What were your overall thoughts on that? I think it's like the worst day in American history since Market Garden. Just absolutely. And the reason why it was so difficult was it was totally unnecessary. So let's rewind to the Obama trade, Bull Bergdahl and the three first round draft picks. They get Marshall, they get MacArthur and they get Patton that end up the resurgence of the Taliban. These men not just go back to the enemy, they go back to the battlefield. They're in power when the government falls. You have misinformation coming from the White House that the president of Afghanistan is leaving with billions of dollars on his plane, which wasn't true. And then you leave the equipment, the cash. There's no recovery. We're getting reports of sales of American equipment left in Afghanistan in Southeast Asia. We're moving material across the globe. Our children will fight and pay and have to atone for these miscalculations. Let's talk about that. You being in the military and you knowing that area too, why did they just find it the easiest way out to just say, you know, just leave that billion dollar billions of dollars of equipment there and not think, again, if it was me and I'm speaking that someone that's never been in the military, but if it's me and I'm the president, I'm thinking, OK, I don't want to leave all our weaponry there. I don't want to lose any of my men. Number two. And number three, I want to make sure that everybody knows when and how we're getting out of there. And it just felt like poof. One day they said we're getting out of here. Well, it's because the military didn't make any of those decisions. I mean, look, Millie, it can criticize him. You can criticize Secretary of Defense worthy of criticism. However, none of these individuals are making decisions. This is about NGOs on the ground. This is about the State Department. So you've got Bagram Air Base, the equivalent of JFK. You've got Karzai International Airport, the equivalent of Teterboro. Right. Why would you ever do an exfil out of Karzai International Airport? It makes absolutely no sense. It's tactically unsound. But and then you've got all the ISIS -K. We retaliate from the murder of 13 of our bravest and we drop a bomb on a guy delivering water. He's on our payroll and we kill children on that. Then we take out Borat on a tuk tuk driving around like that wasn't even really what was happening. It's just a den of lies. And Tony Blinken and Jake Sullivan, all the heroes that brought us, you know, the Bergdahl deal, the Iran nuke deal. This is these. They the State Department is running all foreign policy, including what the DOD used to run. Well, that's I was going to say. I mean, I know Biden's the president, but do you blame him at all or is it everybody underneath him that, you know, maybe was giving him bad information? And again, some of these decisions, David, is Biden even involved in some of these decisions? Like, I don't even know anymore. Is he around? Is he paying attention to anything going on? Well, I mean, just from the press conferences, it was apparent he didn't know what was going on. And the great irony is that they actually were predicting that Ukraine was going to be invaded and, you know, no one believed them. So it's like you can't influence your friends. The allies don't trust you. The enemy doesn't respect you. You know, I mean, you've got Ben Rhodes is really proud of this State Department. Susan Rice loves what they're doing. But, you know, again, Americans died. And, you know, and what is the perfect culmination of the adventure in Afghanistan? Looking at your watch at Dover Air Base when bodies are coming home. I mean, nothing could you couldn't ask for a just it's it's a debacle. Yeah. And it's sad that that's that's the leader of our country there. Let's move in. You brought up the Ukraine there. So the Russia Ukraine conflict will get to Zelensky in a minute. He is as we speak in New York City right now. But so Trump's in office. We don't see many of these conflicts or any conflicts actually started under his watch. And then we have the Biden administration come in. And a year later, we have Russia invading Ukraine. Why did this happen and why? Why the timing of February of 2022? So let's go back to when we were fighting ISIS. Trump engaged and destroyed estimated some say 300 members of Wagner forces. But those were Russian nationals. We engaged. We destroyed them. What was the response from Putin? Nothing at all. So what do people in that section of the world, Eastern Europe, the Middle East, what do they respect? They respect power. They respect authority. You're not going to get any respect if you don't engage the enemy when they present themselves. I don't understand the calculus of again, I'm trying hard to figure it out. I don't get it. I don't. You know, Romania and Hungary and Poland, you're letting them unilaterally decide whether or not they want to send reinforcements into Ukraine. That's an act of war. If NATO members engage the enemy, all of NATO is engaged against the enemy. Poland doesn't unilaterally make that decision. Hungary and Romania don't unilaterally make that decision. We can't even articulate what the mission is. And if you look, go to the Institute for the Study of War, there's a plug for them. Check out their overlay from when the battle started, when the war started with Russia. And tell me what success this offensive in Ukraine has produced. I mean, let me ask this question, because I get confused. The answer is nothing. I asked this on Twitter, X, whatever it's called, all the time. What is the end game and how do we get there? Because all I see the answer is, hey, just blank checks. Hey, just write a check. Hey, here's a billion. Hey, here's 20 billion. Hey, here's another 10 billion. I don't actually see a look. I mean, like anything, right? If I write a business plan of what I want to do in 2024, my goal is X. I write down my steps to get X. I don't just write down X and say it's going to happen. I don't really know. And then the answer always is, well, we have to fight. We have to back Ukraine. Okay. But when does that end? Because the Afghanistan war and the war in Iraq lasted 20 years plus, right? And was there a real end to it? I don't know. That's where it gets frustrating for me, Dave, where I'm like, how do we know what the end game is? Do you win or lose? When does that happen? I don't know. I don't know. At least you're thinking about it. And I have fear that our leaders aren't, and that's the problem. So here's what this comes out. You're going to get a negotiated settlement out of Ukraine, right? But you talked about the billions of dollars that we're spending and giving to Ukraine as a blank check. First of all, Zelensky visited Ukrainian soldiers in the United States. Did you know that there were wounded Ukrainian soldiers in the United States? I did not know that. Well, today he visited them. So what's happening there? So that's a cost that no one is putting on the ledger. So now let's look at the blank check that Ukraine is getting. And by the way, I'm pro Ukraine. I want to fight communists all day and night. So let's punch Putin hard in the face. However, you're giving them a blank check and you're giving them munitions. Now here's the problem. We have to replace those munitions. Those munitions were purchased for 20 year global war and terror. And let's be honest, inflation is involved. So what you purchased for $10 is now $17. So you're not just giving them the money. You're giving them the equipment and the munitions that you have to replace yourself at the value of what is valued today. We haven't scratched the surface for the amount of money. CBO absent at the wheel. No one is tracking this. 2024 can't get here fast enough. How does this work, though, when you talk about some of these NATO nations coming together and making decisions, but us not just giving weaponry, giving everything money, whatever we're giving there? Is that not an act of war, too, though, David, at some point? We're continuing to fund Ukraine continuing the war in Ukraine. I mean, that to me seems like we're backing a war. Well, I mean, by the letter of the law and NATO charter, it's not. But here's the problem. It's schizophrenic because we were told that what was an offensive weapon was going to mitigate, you know, that wasn't going to help peace at all. So we went from, I don't know if they should get tracked vehicles to I'm not sure an artillery piece is what they need to high Mars rockets being launched. And let's be honest. I mean, the Ukrainians are I mean, the payload that they're going through, what you would have to have cataclysmic casualty numbers to be able to to the spandex that they're doing on the ground that they need to replace Patriot. If you're going through thirty five Patriot to, you know, missiles, I would expect to at least the C 20 makes that are shot down. They're using them for air artillery. They're using there for indirect fire. I don't know what they're doing, but this is going to end with Don Boss going to Russia. This is going to end with that land chain that Putin wanted through Crimea. And again, our friends in NATO, what are they even doing for Ukraine? What? Look, if you they said that Trump wanted to kill NATO, Biden did it. Right. Biden did it. And now Germany. And so Putin was selling oil at thirty dollars a barrel. What's it at ninety six? Yeah. He's making more money than he did before. And he's financing a war and killing innocent people. You mentioned before, too, and I think this is a good point. Everybody on the left and I'll say the media, the establishment, whoever you want to say, says that if you don't agree with the war in Ukraine, you're like pro Putin. Right. And that's just the most outrageous thing in the world, because I agree with you. I feel for the people of Ukraine. I don't want this for them. I don't want this for innocent people. However, at some point, the world's every every one of the world's problems can't be America's problem when we have a border crisis. And then I think they said yesterday ten thousand people came across. They got, I think, eight thousand of the ten thousand. But you see the numbers day over day. It's a problem. We have crime that's rampant. We have overdoses that are at record numbers. We have we have suicides at record numbers. At some point, we have to maybe just think about ourselves and not everybody else, because if we fall, sadly, I think the world falls at that point. Amen. The thing that I would add is I love the way the Ukraine refugee has been crowbarred into the migrant crisis in the United States. New York leaders from the city to all over Kathy Hochul, the governor of the state of New York, mentioning that, you know, like the Ukrainians in Poland, the the Polish have no intention to keep Ukrainians forever. That's a temporary you know, they're leaving a conflict to return to their country after the conflict is over. Again, this is just we're we're putting a round peg into a square hole and just hammering it away. But but there's no the media. There's you're our destroying military. I go to parents all the time around this country and ask them to give us their sons and daughters to join the military. And the one thing they bring up is Afghanistan. It's not about anything. It's Afghanistan. How are you going to assure us that you're going to maintain your commitment to our son and daughter when you betrayed us in Afghanistan that has lasting effects? And there's not a I'm trying to find a segment of our of our of our nation that's functioning. I don't know what it is. I saw in Chicago, they're going to have municipally owned grocery stores. Maybe that will figure it out there. Yeah, yeah, it's good. Real quick, do you think and we'll finish up on this topic, but do you think that they will we will ever have boots in the ground on Ukraine? I mean, I hope not, because I just don't know what the I mean, look at I'm I'm we're getting ready for China. We're trying to revolutionize everything. I don't know what the what the plan is. I mean, again, if you want to put a base in Ukraine, and you want to make that a sustainment operation going forward, that I here's the point. I don't understand what the inactive ready reserve call up was for. Why are you bringing those troops in the non combat support? Why are they going to Ukraine? What are you building infrastructure there? Here's what I do know. We're talking a minimum of $11 trillion to build Ukraine back. That is cataclysmic amounts of money. There isn't water, electricity, internet, you know, you want to help Ukraine. You're going to Russia is not paying for that if you negotiate a settlement. So I don't know what the plan is. But I hope we never see boots on the ground. I could guess what the plan is. I won't I won't say for sure. But I could guess that we'll be paying a chunk of that. And I do have one last one. So I did interview Colonel Douglas McGregor a few months back. And he talked about he's a real optimist. But he is really very, very bullish on Ukraine. Yes, very, very optimistic. I'm dropping some all over the place. But he brought up some staggering numbers, though. And even if they're half true, it's a problem. The amount of casualties and wounded soldiers on the Ukrainian side that we're not hearing about the media. I don't know if you agree with some of those numbers or not. But he's saying, I mean, it's people are acting as if this is an even war right now. And it's not even close. First of all, McGregor's a stud. I mean, he's an absolute, you know, that we're glad he's on our side. He's a military mind. I don't know if those numbers are accurate. I could tell you they're juxtaposed to almost everything we're hearing from every institution that we have, including a lot of our intel from Germany and England. But again, I don't know what to believe. So when you don't have when you don't have transparency, when you're not holding regular press conferences, when your Pentagon spokesman is now working in the White House and now you're getting a triple spin. I mean, the U .S. Open double backspin. You've gotten so many spins on the narrative. I don't know what to believe. But if he is even close to what is a segment of truth, you know, then look, Ukraine needs an investigation. There's a lot of investigations. We've got to start on Afghanistan. We were promised that by Speaker McCarthy. We need a hot wash on Afghanistan. And then we need to go to what who is oversighting the money that's going to Ukraine. And what have we got for our return on investment? Yeah, I'm not asking for much. Really, all I'm asking for in this conflict is can we just talk about what the end game is? And to your point, can we get an accounting of where the money's going and what's being spent in a real accounting of it? The Iran deal that just happened last week. First off, the fact that that was negotiated and completed on 11th September to me is just the ultimate slap in the face. But you again, you know more about this than I do. We do a five for five trade. OK, I'm going to use sports analogies. We trade five for five. And then we also approved of six billion dollars that apparently wasn't ours, but it was in a fund that now they can release to Iran. How are we winning on that one? Well, first of all, I was hoping that at least it was a digital transfer. The fact that it went as euros in cash through Qatar. And OK, so what happens the 24 hours after that deal is made? We're now getting issues in the West Bank. We're now hearing about issues in Yemen. We've now got Hezbollah that's reinforced. I mean, look, what do you think they're doing with cash? Right. What deal do you make where someone says, I'll bring a box of money to you? What do you it's this is a state sponsor of terrorism. They haven't changed. By the way, their president is now in New York City addressing the United Nations. This guy's killed 6500 of his own people. He admits to it. He killed the students that revolted and wanted democracy when we did nothing. He killed 5000 of his citizens in 1988. He's killed over 300 Americans. There's no accountability whatsoever. I don't understand what it is about Jake Sullivan and Tony Blinken that believe that Iran is a partner. All you've done 10 years ago, they were refining 10 percent of their oil. And now they're a force. Now they're working with Maduro in Venezuela, and they're a huge part of their members of of the international community. They're in good standing there. I don't get it. Does anyone believe that the Iran nuke deal? Look, we got hit with cruise missiles under Trump in Iraq. How did they have those cruise missiles? Those cruise missiles were illegal under the Obama nuke deal. So how are you refurbishing missiles in two years? Do we believe that their centrifuges have stopped? That they won't have a program if they don't have one already? No, I mean, I guess my question, David, is how I mean, I know that you pay a lot of attention to this stuff, but how do people like in the media not ask these questions? Right. I mean, these are legitimate. I mean, we just traded to I put this on my notes here. This is on the heels of trading a WNBA basketball player for the Merchant of Death like six months ago. Right. I mean, and again, I'm glad Americans are coming back to America. I don't want to sound pessimistic on that. That's great news. But we also I mean, this this stuff just seems like I don't care what side of the aisle you're on. It warrants questions, but nobody seems to care. I'm in the world that if you take hostages, we take hostages. You want to exchange people? We'll exchange people. You know, we definitely have the partners in the area to do that. For whatever reason, this administration, they're they're they're contrarians. They're contrarians to you know, they claim Bush and Cheney are their best friends, yet they just go 180 degrees from that doctrine. I don't know what the Biden doctrine is. I don't know what Bidenonomics is either, but I could tell you that they believe that Iran is a partner. Now, here's another thing. Our envoy to Iran not only is no longer the envoy, he doesn't have a security clearance. Does anyone curious at The New York Times as to what happened to the lead negotiator in Iran that is escorted off a bus, taken into American custody, given a job at Yale or Princeton or wherever he's working now? I've never heard of a person going from top secret classified negotiations to no clearance whatsoever and in the custody of American intelligence community. No one cares. No one cares at all. It's fascinating. And again, for me, I mean, these are big decisions that we're making. And correct me if I'm wrong, but it used to be, you know, maybe we did a two for five deal and then we made the six billion. Now we're like, we're giving stuff away and we're on the losing end. Correct me if I'm wrong, but America was never, you know, America losing. It was always America winning, right? America getting the best of deals. At least McDonald's has a five for five. We didn't even get that. You know what this does though? Honest to God, if you're thinking about traveling overseas, things go sideways, cartel, South America, Mexico, wherever you're going, you have a price in your head now. No one in their right mind is going to bring you back whether it's Haiti or wherever you are, you're worth $1 .25 billion. And thugs and scumbags are going to take advantage of that. I mean, that's a great point too. Do you think about leaving the country? I don't know anymore. That's a little bit concerning. I don't care where you're going, right? That's concerning. This one I just had to bring up because it happened two days ago or yesterday. How do we lose a plane? And I heard that's like a third one in the last six weeks that something like this has happened. How are we losing $80 million planes? Well, they're not $80 million anymore because they've got a new engine and all this other stuff. Look, the F -35 program is a complete disaster. You want to talk about why our allies think we're crazy. We sold them a plane. This program has been around since the early 90s and we've got nothing on return for it. So basically two planes are flying in a buddy team. They're doing training and a guy punches out. We don't even know why he punched out, but that plane could have easily hit a building. It didn't, thank God. But the wingman didn't follow where his buddy went. So what is he doing? He just kind of went on and did his own thing. And now the Marine Corps put a Facebook post like a dog is missing. We're expecting the Ukrainian farmers to carry the F -35 out with their tractors. I don't know what the point of it's wild. Look, stop embarrassing us. Just stop humiliating us. That's all I'm asking. Just be the army and the Marine Corps that we know our men and women are capable of being. Get out of their way. This gender garbage, this social experiment nonsense, stop humiliating our military. That's all I ask. Why can we not get the... I mean, I know why we can't get the answer, but I'm asking this to you. But why can't we, at a press conference at the White House, why can't we say, I want to talk to the guy that was in the other plane, or you can tell us the transcript of what happened when that happened. Talk to the guy who jumped out of the plane. Why did you do that? And again, I'm not trying to put our military on the spot, but these are kind of big questions to ask, right? I mean, if I do something in my business, I have to go face the music on that. Why doesn't everybody have to face music for their decisions or why things are happening? I think it's kind of important. Well, you don't want to talk to generals because they're going to tell you the truth and they won't be generals anymore. True. And you don't want to talk to enlisted people. Because look, I mean, let's be honest. How many people are... Is this a merit -based military anymore? Do we have a meritocracy? Are we promoting people based on pronouns? Go figure. When we're putting politics above military strength, accidents happen. We don't know the facts, but the fact that nobody cares about getting to the bottom of it, the day of the Pentagon paper reporters are gone. Yep. Yep. Let's just talk about the 2024 race quick, and then we will wrap up for today. So your thoughts on the Republican primary so far, I'll stay away from the Democratic side till the very end, but your thoughts on, you know, there's obviously Trump who is now in a, has a huge lead. Ron DeSantis seems to be crumbling underneath himself. Vivek Ramaswamy has jumped up in the polls. Nikki Haley's there. Tim Scott's there. A few others that probably aren't going to get a lot of votes. Chris Christie's the anti -Trump candidate. Mike Pence is, I don't know what Mike Pence is. I'm not really sure. Your thoughts about the whole field so far? I mean, look, it's impressive. They've got a deep bench. There's a lot of diversity. I, you know, none of it matters. Trump is the guy. The more you indict him, the more you empower him. You know, I'd like him to work on his communications a little bit better. You know, but if Trump is Trump, Trump is a Frankenstein monster of Barack Obama. As long as you have that faction, you're going to get, you know, Trump is going to be empowered. I just don't want to see Governor Noem anywhere near the White House. And I, if he's going to pick a running mate, you know, it's hard to find an ally here, you know. But it would be nice to find a governor. I don't want to take anyone from the Senate. I don't want to take anyone from the House with the margins that tight. But I mean, the idea that Governor Noem is being floated right now. I mean, I'd rather take North Dakota. Yeah. A little sled there. You know, it's funny you mentioned that because I saw a lot of that this weekend. I mean, can we just, for lack of a better term, keep it in our pants for about a year and then do what you got to do? It really is. I mean, every time you turn, somebody's doing something idiotic, whether it's Boebert. And again, I say this, David, a lot of people know who you are. A lot more know who you are than they'll ever know who I am. But when you go out in public into a movie theater like that, and I'm going to Boebert, not Noem for a second, you're, you're extremely well known. I don't care if it's dark or if it's as light as it is in the studio right now. What are you thinking? I, you know, she's, she's, she's an embarrassment. She is. She's bad, too. Who would have thought that Marjorie Taylor Greene would have been the, the oasis of the Maryland? I mean, seriously, I, again, you're, you're in Congress every day. You're out in public, you're on the job. You know, at least she wasn't wearing a hoodie, you know, that's all in shorts. She was at least dressed for the occasion, but I, it was, it's wildly embarrassing. Vaping, singing, whatever you're doing. Getting groped. Yes. Who is your VP candidate then? Because I think, you know, you have names thrown around. There's, there's, the vague has been thrown around in there. You know, Byron Donald's has been thrown around in there. Carrie Lake has. I don't know. I love Carrie Lake. I just don't know that Trump needs to go with somebody so divisive there. I think he's got to go with somebody that's, that's firm in their beliefs, but also not maybe going to turn off half the country. Well, you know, it's, it's impossible. One of the, one of the problems with making Trump, you know, the, the enemy of the state that the left has done is that you've really made it difficult for him to even put a cabinet together. You know, I mean, what are you going to do with it? You've got a lot of loyalists out there. You know, the vague is, is I think maybe the most intelligent dynamic candidate we've ever seen run for president, but experience does matter. But you know, I love the way he thinks. I love the movement. I don't know if he would even take the job to be honest with it. I don't think he needs it. But you look at a Tim Scott, I think Tim Scott is, you know, there's a whole lot to his message and I think he's, he's got the experience in the Senate, but honestly, you could literally take the Clint Eastwood chair and, and throw it in there as vice president. I'm going with that because this, this from top to bottom, we have to have seismic change in 24. Do you think he would ever choose Kristi Noem at this point with all that now? Yeah, no one knew Mike Pence was a, was a 24 hour story and then he was the vice president candidate. So who knows? I mean, a lot can happen between now and then, but I just, I don't need, you know, let's just pick people on their merit. Let's pick people that are ready to be the president. Imagine this, imagine picking a vice president that can lead the country. If something happens to a 75 year old president, you know, like Kamala Harris. Yeah. Someone like that.
77WABC Radio
"six billion dollar" Discussed on 77WABC Radio
"Money belongs to the islamic republic of iran and naturally we will decide the republic islamic of iran will decide to spend it wherever we need it how to spend our money of course it is under the here's what he's really thinking to himself when he says this you stupid americans we are going to use the six billion dollars to put them to put them on the ground technology that we stole from you six billion dollars well if we spend as we wish now they define humanitarian as killing us the bite administration as an enormous amount of blood on its hand hands crime on its hands I want to ask Lester Holt a question why won't you go down to the border with your elaborate staff investigative and show us the women who are being being raped and brutalized show us the conditions under which tens of thousands little kids are being are being stored show us what's going on with the kidnappers and the drug the gangsters the southern border United States is now the most
Mark Levin
U.S. Makes $6B Deal With Iran to Swap American Prisoners
"Money belongs to the islamic republic of iran and naturally we will decide the republic islamic of iran will decide to spend it wherever we need it how to spend our money of course it is under the here's what he's really thinking to himself when he says this you stupid americans we are going to use the six billion dollars to put them to put them on the ground technology that we stole from you six billion dollars well if we spend as we wish now they define humanitarian as killing us the bite administration as an enormous amount of blood on its hand hands crime on its hands I want to ask Lester Holt a question why won't you go down to the border with your elaborate staff investigative and show us the women who are being being raped and brutalized show us the conditions under which tens of thousands little kids are being are being stored show us what's going on with the kidnappers and the drug the gangsters the southern border United States is now the most
Bloomberg Radio New York
"six billion dollar" Discussed on Bloomberg Radio New York
"Is about six billion dollars in india in china right now apple has in the order of greater china which also includes taiwan has in the order of 74 billion dollars in revenue so india has a long way to catch up the iphones that are going to be on sale made in india in the next generation only a small portion of them will be be coming from that market the vast majority will still be made in china so it is a change it isn't a sea change just yet do you expect it to be a sea change at some point given some of the headwinds that apple is facing in china right now it could well be but that time is not away a year or two years away it is five to ten years away right it takes a long time to build up your supply china has got not just factories to make the iphones it has the um factories that make the components that supply the iphones it has uh you know the ability to mobilize millions of people to work in these factories at peak production season that is not somewhere that india has got to yet you know if you go to shanjian you can see in that just in that you know remarkable city hear the full conversation on the latest bloomberg daybreak us edition podcast subscribe on apple spotify anywhere else you get your podcasts plus listen anytime on the bloomberg business app and bloomberg the business when you get your news from bloomberg you don't just get the story you get the story behind the story how your evie's battery may not be as green as it seems why a decrease in global birth rates could send countries scrambling to increase immigration you at context context changes how you see things how you change things because context changes everything go to bloomberg dot this is market news of asia china is urging the u
The Outspoken Oppa
How Chaos In Afghanistan Emboldened Terrorism - burst 1
"Chaos in afghanistan upton as president biden withdrew military forces leading to a forceful takeover by the taliban today august seventeenth. We will dive into one of the greatest foreign policy. The buckles in modern history. Good afternoon. i'm meeting. Kim and this is the outspoken oma quote. Joe biden has been wrong on nearly every major foreign policy national security issue over the past four decades and quote. Who said that not trump not a partisan congressmen or republican operative. That was robert gates. The former secretary of defense under president obama for three years and today as we see significant foreign policy the buckle unfolds in afghanistan that quote is once again reaffirmed now quickly dive into some basic background information as to what is transpiring in afghanistan back in mid april president biden announced immediate withdrawal all american troops from afghanistan by september eleventh. Twenty twenty one. Obviously september eleven was chosen dates because that was to recognize the anniversary of the september eleventh terrorist attacks and which led to the immediate was occupation of afghanistan because at the time afghanistan was harboring osama bin laden on august fifteenth. The taliban took over the capital of kabul effectively toppling. Afghanistan's governments later afghan. President ghani fled the country right before taliban leadership storm the presidential palace and thousands of afghan citizens fled to kabul international airport to skip the taliban. Now while oldest was transpiring. President biden was in camp david and he was strong criticized because he didn't have a strong message or strong immediate message in response to all of this so he traveled back to washington. Dc to address the nation from the white house one of the biggest elements that he was criticized for in the speech was the blame game in which he played and one of the obviously notable people in which she blames forwarded the buckle in afghanistan was trump and sort of implied some blame to bush and obama. He said quote when i came into office. I inherited deal that president trump negotiated with taliban on the his agreement. Us forces would be out of afghanistan. May i twenty twenty one. Just a little over three months after i took office. Us forces had already drawn down during trump administration from roughly fifteen thousand five hundred american force to two thousand five hundred troops in country. The taliban was strongest militarily. Since two dozen one the choice i had to make as your president was added to follow through on that agreement or be prepared to go back to fighting the taliban in the middle of the spring fighting season and quote. And but if you actually look at the deal that trump's state department may with taliban it's not what biden actually described in his address at a nation. Mike pompeo who was secretary of state under president trump said in a recent interview that the deal of the taliban was strictly conditional which meant that deal was was strictly predicated on the taliban committing to a peaceful transfer of power in order for america to withdraw after that commitment to a peaceful transfer of power appel said in a recent interview quote we would have demanded the taliban actually deliver on the conditions that we let out in the agreement including the agreement to engage in meaningful power sharing agreement some that which we struggled to get them to do but made it clear it was going to be required before we completed requirements to fulfil foley withdrawal and unquote. And you know there are some criticisms of the deal. Mike pompeo made with the taliban. Obviously the taliban actually pursuing a peaceful transfer of power from the afghan government was not going to happen. I mean we actually thought. That was being overly idealistic. So people had that criticism upon pales deal but even if biden did not agree with the policy that trump's state departments made in efforts to come to some sort of consensus with the taliban he kind of reversed it. I mean he was president for seven months. Which meant that. He'd independence day department and independence defense department and he could have used his powers as the chief executive to to reverse a deal that the previous administration made i mean for his entire time as president of the united states reversed nearly every single policy. That trump did while he was president. So this is no exception. I mean he should own up to the flaws of the policies in which he tried to pursue in addition to to trump he also blamed the afghan military. He said quote. The truth is but this did on for the more quickly than we had anticipated. So what happened. Afghanistan political leader escape up and fled the country the afghan military collapse. Sometimes we're not trying to fight if anything developments at the past week reinforced the ending. Us military involvement in afghanistan. No was the right decision. American troops cannot ensure not be fighting a war and dying in award. Afghan forces are not willing to fight for themselves and quotes. This is honestly one of the most politically cynical things that i've ever heard biden say the afghan forces are not willing to fight for themselves. Fifty thousand afghan military soldiers died in darndest entire two decades of us occupation of afghanistan. And the reason why they cannot successively defend themselves against the taliban was because biden himself pulled out a contractors and basically destroyed the afghans dependency on us military which are obviously undermined the ability of afghan military to counter act opposing taliban forces. According to the wall street journal quote in the wake of president biden's withdrawal decision the us pulled its airports air support intelligence and contractors servicing afghanistan planes and helicopters. This meant that afghan military simply cannot operate anymore and quote. Admittedly afghan leadership was significantly underprepared in the wake of the draw because as by afghan officials did not believe america will draw however according to andrew watkins a senior analyst for afghanistan and at the international prizes group research advocacy organization. There was no evidence that the taliban significantly increased their manpower and argue. The only reason why there's summer offensive was successful was due to a lack of us. Air strikes which meant that biden's administration shorter significant blame for the dismantling of the afghan government. What biden actually expect to happen when he pulled the entire the tire. Us presence from afghanistan if the afghan military dependent so much on the us occupation of afghan for the viability of their own independent military force. Then of course when they pulled out of afghanistan. The afghan military by itself was not sufficient enough to defend against the taliban if you're pulling out intelligence contracts that were vital for the dependency of the afghan military than have military is expected to fall when the taliban was advancing to the nation's capital and one of the other things that addition to buy actually blaming everyone except for himself for the marco afghanistan biden also discussed casualties in the in the afghan occupation. He said quote. Lemme ask those who wanted to wanted us to stay. How many more how. Many thousands more of american daughters and sons are willing to risk and quotes according to abc news. There's not been a single american combat death since february eighth twenty which was eighteen months ago. That's not to belittle the two thousand three hundred twelve american soldiers that lost life in afghanistan. But it is the suggests that thousands of stationed american soldiers in the lead up to the afghanistan pull out were not being bogged down by precipitous warfare in combat honestly by contrast more than fifty one thousand taliban fighters were killed by american armed forces which shows a major power imbalance in military superiority between taliban in american forces but aside from that by reportedly sent five thousand additional troops back in afghanistan to aid withdrawal despite his call for not putting sons and daughters at risk he just said that it was egregious to put american sons and daughters at risk for filled mission. So what is different about the five thousand additional troops. He sending back into afghanistan. Aren't those sons and daughters. Also at risk and to add insult injury tens of thousands of american citizens have been left behind it in afghanistan in the withdrawal according to the washington according to wall street journal an estimated ten thousand fifteen thousand new citizens remained in afghanistan so yes it is tragic. Every single american soldier died in. afghanistan is a tragedy. No one is disputing dance but suggests that afghanistan was a present danger to the current military soldiers. There from february twenty is simply not true and biden. Really closer to speech with i think when idiotic things that he said in his entire speech close with kohl's diplomacy he said quote. We will continue to support the afghan people we will lead before. Diplomacy or international influence in or humanitarian aid will continue to push for regional diplomacy and engaging prevent violence and instability will continue to speak out for the basic rights at the afghan people of women and girls just as we speak all around the world and quote and my question is just how. How can you negotiate with radical barbaric terrorist group that subject it's ethnic religious and gender minorities to brutal torture and murder. How can you negotiate with democratic for cystic regime. That is responsible for thousands of american lives. I mean honestly gonna ask nicely are gonna get on your knees and begged them to treat the afghanistan woman fairly. I mean i don't understand why biden continues to believe that's diplomacy instead of for actually using military forces is the correct way to go and this brings us back to. What was this for honestly at the end of the day with withdrawn. Us military forces from afghanistan he effectively reversed two decades of foreign policy and the initial mission of counter terrorism and preventing a staging ground for al-qaeda according to the pentagon united states government has been eighty three billion dollars in bolstering the afghanistan government and which is effectively gone to waste. I mean we spend easily billion dollars to bolster an afghan military but the afghan military is so reliance on the american forces to to help them to secure them. But when the american forces are removed from the afghan military to aid them than the billion dollar investment goes down the drain and now according to you defense and state department officials six billion dollars in military equipment including eight hundred fifty mine-resistant ambushed protected vehicles were abandoned in withdrawal which six billion dollars in. Us military equipment is now in the hands of taliban and other terrorist organizations additionally chairman of the joint chiefs of staff mark milley addressed congressional leaders and said that they will move the terrorist threats in afghanistan from medium according to axios which meant that. Obviously you're going to see a rise in terrorism and afghanistan and now that the taliban effectively controls its governments and to add insult injury the inside reports that taliban militants released thousands of prisoners from afghan prisons with links to islamic jihadist groups and al qaeda. So what has changed in the past two decades. We've tried to counter terrorism. We tried to decrease the the influence of kind of effectively imprisoning or killing al qaeda militants. We tried to decrease the the power of the taliban and we tried to effectively counteract attacks by the islamic jihadist groups. But it seems to me after this withdrawal after the dust settled what is going to be. The state of afghanistan will be similar to the state of afghanistan when we first invaded and his brings me to a new york times article which discussed heavier mackey. Who was a former first class army. Special forces soldier with several afghanistan deployments and will shot twice and he said in an interview with the new york times quote. I sacrificed a lot. I saw death every day every year. And the guys. I soaked with new would probably come to an end like this. But the chaos and made his andre after everything we gave. I just wish that had been away to leave. With honor and quote for people like mackey. There is a question that rang in numerous veterans. What was it for the situation. Afghanistan has become similar to america. I evaded two decades ago. All the bloodshed in lives lost in pursuit of counter-terrorism only define the terrorism revitalize. This president has trade the continuing efforts of veterans and committed a damaging dereliction of duty as commander in chief of the armed forces is devastating. What is happening in afghanistan and we can only hope citizens in afghanistan. Remain safe in this critical juncture. All right before we signed off. I like to extend a special. Thank you to my uncle. Who has made this podcast possible and untitled one of my greatest supporters okay. Today's episode the spokane podcast. You could read articles on a variety of important topics at outspoken opa dot com and follow us on instagram twitter facebook and linked in. Also if you'd like to show want to support it. Please go vis a five star review on apple podcasts and listened to our other episodes wherever you hear your podcasts. I'm thinking in. This is the outspoken oba. The outspoken oboe. Podcast is hosted by ethan kim directed by luc him and added by actually awesome the podcast independent production by the elbow from above. And it's edited by hit.
The Breakdown with NLW
Wells Fargo Launches Passive Bitcoin Fund for Rich Clients
"Wells fargo has registered a new private bitcoin fund with us regulators. The fund is operated in partnership with the breakdown sponsor night gig as well as investments who've worked together on other funds such as i believe the morgan stanley bitcoin funds. According to a coin desk source the new wells fargo fund is passively managed earlier reports had suggested it would be an actively managed fund for wealthy clients on top of the wells fargo news j. p. morgan's passive bitcoin fund. Also a partnership with nine was also filed with the sec. Today so if you wanna know what people think of bitcoin just keep watching what they do not what they say next on the roof today. These scars of past crypto winters run deep according to a report from the wall street journal coin. B.'s has a pretty significant cash reserve at the end of june those reserves stood at four point three six billion dollars. That's up from one point. One billion at the end of last year quinn basis. Cfo lsu haas said we want to ensure that we maintain those cash reserves so can continue to invest and continue to grow our products and services in the event that we go into crypto winter. She also said that part of it could go towards acquisitions. I just want to point out that in a market that so many think is absolutely batty because it's disconnected from fundamentals. Queen base as a company is not only profitable but is keeping a large number of cash reserves on hand in the event of a rainy day. Something which basically no other companies do. So i don't know. Man maybe crypto has something figured out that other industries have forgotten last on the brief today. Brian quinn tens is stepping down from the cftc. Brian quinn tens is one of the most vocal advocates for crypto among the us regulatory ranks. The commissioner's term technically expired. Last april and he had previously planned to step down by october twenty twenty but ended up sticking around which he's legally allowed to do until the end of this year. He has been fierce about giving crypto a fair shake in policy discussions as well as advocating for the cftc's role in regulating crypto. According to the wall street journal he'll be gone by the end of the month and headed to the private sector where he intends to quote keep innovation particularly related to crypto currency and defy relevant to my career
Marketplace with Kai Ryssdal
U.S. Jobless Claims Fell to Pandemic Low of 348,000 Last Week
"'cause it's thursday it's first time jobless claims the trend to be clear over the past month or so has been really good last week. The number of people filing for unemployment benefits for the first time fell to three hundred and forty eight thousand the lowest since the middle of march a year ago and total claims in all government jobless programs is down to eleven point seven million but again from the desk of maximum peril. Mitchell tells us there is a potentially nasty shock lurking inside that number you can see. The latest jobless claims numbers as a glass half full mark hamrick at bank rate says unlike earlier in the pandemic when millions were getting laid off every week. Layoffs have not really been the overarching concern with respect to the economy but there is a big concern looming. Emergency federal pandemic benefits are about to expire says analysts go-getter at the brookings institution on labor. Day anyone who normally wouldn't qualify for their state unemployment which is quite a lot of people that were impacted by the pandemic lose their benefits. That's nearly five million people right now including anyone. Who's a gig worker. Contract worker self-employed navy worked part time and didn't earn enough to qualify another four million or so long term unemployed are getting federal benefits because they ran out of state benefits and everyone on unemployment right now gets an extra three hundred dollars a week from the feds all told that's more than six billion dollars in weekly federal benefits that vanish in two. And a half weeks.
AP News Radio
Dominion sues Trump-friendly broadcasters over fraud claims
"Hi Mike Rossi a reporting dominion voting systems sues trump friendly broadcasters over fraud claims dominion voting systems filed lawsuits Tuesday against right wing broadcasters newsmax at one American news and former overstock dot com CEO Patrick Byrne a prominent ally of former president Donald Trump the lawsuits allege dominion was damaged by false claims that the vote counting machine maker read to the twenty twenty election for president Joe Biden Indian says the barrage of baseless claims cost it one point six billion dollars in lost profits to million filed a defamation lawsuit earlier this year against fox news and trump allies Rudy guiliani Sidney Powell and Mike Lindell the CEO of my pillow no agency has found evidence of fraud sufficient to sway the twenty twenty election results hi Mike Rossio
Native America Calling
Canada, First Nations Reach $8B Settlement Agreement Over Drinking Water Advisories
"The canadian government has reached an agreement in principle with the first nations to settle to class action lawsuits over drinking water advisories as dan carpenter reports. More than one hundred forty thousand people could be compensated. If the court approves the settlement. The proposed agreement is worth nearly eight billion dollars. One and a half billion would be direct compensation to people who have not had access to clean drinking water. There would also be money for the creation of a four hundred million dollar first nations economic and cultural restoration fund to first nations launched. A class action lawsuits against wall over the lack of safe drinking water in their communities. Mark miller is canada's indigenous services minister as well as forward commitment to support reliable access to safe drinking water on razor with six billion dollars in targeted supports including capital at operations and maintenance and finally the modernization of canada's first nations drinking water legislation the canadian government of prime minister justin trudeau had pledged in two thousand and fifteen to lift all drinking water advisories in first nations communities by march of this year. One hundred and eight advisories have been lifted. Fifty-one remain in effect. Most of them in ontario miller says the agreement in principle brings the parties. a step. Closer to reconciling a long history and it can be celebrated as a step in the right direction toward achieving the goal of clean water for all for national native news. I'm dan carpenter.
AP News Radio
Budget office: Infrastructure bill adds $256B to deficits
"Hi Mike Rossio reporting the Congressional Budget Office delivers its analysis of the bipartisan infrastructure plan the Congressional Budget Office produced its much anticipated analysis of the nearly one trillion dollar bipartisan infrastructure plan Thursday the CBO concluded the legislation would increase deficits by about two hundred fifty six billion dollars over the next decade supporters of the bipartisan plan have said costs are paid for in part through economic growth so far the Senate has processed nearly two dozen amendments to the twenty seven hundred page bill with many lawmakers attending the funeral for former senator Mike Enzi in Wyoming Friday the Senate is bracing for another weekend session Mike Crossey out Washington
AP News Radio
Treasury Announces Auctions to Raise $126 Billion Next Week
"The treasury department is taking emergency measures to keep from broaching the newly imposed debt limit the treasury says it will raise one hundred and twenty six billion dollars by auctioning three and ten year treasury notes and the thirty year bond that'll happen Tuesday through Wednesday of next week the money raised will allow the treasury to meet the debt servicing requirements on fifty eight point six billion dollars in treasury notes and bonds that are coming due plus raise about sixty seven point four billion dollars in new cash to keep the government operating the government's debt ceiling went back into effect on August first after having been suspended for two years it stands at twenty eight point four trillion dollars treasury secretary Janet Yellen has called on Congress to quickly lift or suspend the borrowing limit Ben Thomas Washington
AP News Radio
Infrastructure Deal: Senate Votes to Start Work on $1T Bill
"Hi Mike Rossi are reporting the bipartisan infrastructure package clears its first hurdle in the Senate on the Senate floor Wednesday night Majority Leader Chuck Schumer hailed the vote as the Senate moves to proceed with work on a nearly one trillion dollar bipartisan national infrastructure plan I want to commend the group of senators who worked with president by to reach an agreement on a bipartisan infrastructure bill the bill includes five hundred fifty billion dollars in new spending on public works projects according to a fifty seven page G. O. P. summary obtained by the Associated Press the package would be paid for by tapping some two hundred five billion dollars in unspent covert nineteen relief aid fifty three billion dollars in unemployment insurance aid halted by some states and it relies on economic growth to bring in fifty six billion dollars eventual approval of a final package could rise or fall on the assessment of the Congressional Budget Office as to whether it is fully paid for Mike Rossio Washington
AP News Radio
US Opioid Lawsuits on Verge of Settlements With 4 Companies
"Opioid lawsuits in the US are on the verge of settlements with four companies a proposed to twenty six billion dollar settlement between state and local governments and the three biggest drug distribution companies in the United States plus drug maker Johnson and Johnson appears close at hand lawyers for local governments announced Tuesday they are on the verge of a deal under which Johnson and Johnson would not produce any opioids for at least ten years additionally AmerisourceBergen cardinal health and McKesson would share information on prescriptions in an effort to stop the flood of pills if approved the settlement will likely be the biggest so far in litigation involving the opioids epidemic hi Mike Rossio
Marketplace Morning Report with David Brancaccio
"six billion dollar" Discussed on Marketplace Morning Report with David Brancaccio
"This marketplace podcast is supported by personal capital. Who can help you take control of your finances no matter where you are. Download the personal capital app or start today at personal capital dot com to get free professional grade financial tools including a retirement. Planner and fi analyzer. Want talk personal. Capital has registered advisers by phone or online for qualified users personal capital. There's no place like financial confidence. It's been just more than a week since the u. k. And a host of european countries told airlines not to fly over the airspace of belarus. Now reuters is reporting the e. u. is preparing a round of sanctions on about a dozen of belarus aviation officials. This is after that country forced a commercial flight to divert in land in minsk or authorities arrested an opposition journalist for belarus the money forfeited when airlines. Don't fly overhead is significant my marketplace colleague. The bbc's victoria craig has that hours into a long flight. There's one thing we all do. Count on the screen in front of us. The miles and countries we've passed airlines also. Pay attention to those miles not to track. A plane's progress but to calculate how much they'll be charged to fly over each country's airspace a fee structure is necessary to fund traffic services in each country and those fees referred to as overflight fees that simon hunkered director of the civil air navigation services organisation some countries charge a flat fee because the routing of the country. Very ready changes and. It's much much simpler to administrate the. Us has two different prices. If you fly over the land they charge about sixty dollars per one hundred cameras if you five ocean draw down to just over twenty five dollars prices. He said vary depending on things like the size of the aircraft or distance. Flown these overflight fees are away for countries to cover costs of air traffic control services but they can also be used as geopolitical bargaining tools. As we've seen in the dispute with belarus that stopped european flights over the country's airspace happened. A of international law at the university of luxembourg. Explains how these kinds of targeted sanctions work. They are intended to influence behavior. And i think they were an expression of condemnation in this case. I think with belarus. It's about showing solidarity with the opposition before the flight ban which european authorities said was enacted for passenger safety about four hundred planes. A day passed through belarusian airspace. That's according to eurocontrol which bills and collects air navigation charges on behalf of belarus and other nations. It says in twenty nineteen it build more than one hundred million dollars and overflight fees for belarus. That might seem like a lot. But as professor harold explained the economic impact of sanctions preventing those flights is likely limited. Easy going to have an enormous impact on belarus in government finances. I suspect that she's a hit. The they will be willing to take so if sticks in the form of cutting off flight. Fees don't work in europe's negotiation with belarus eu boss ursula von der. Lyon has another tool in her box. A carrot in the form of a three point six billion dollar economic support package but only on the condition belarusian president alexander lukashenko leaves power. That is an offer. A man known as europe's last dictator though is unlikely to take in london. I'm the bbc's victoria for marketplace also following the ransomware attack on the world's biggest supplier of meat jbs. The company says it systems are now coming back online. And there are indications workers at some plans are being called back in today. I'm david brancaccio marketplace morning from apm american public media. Hey everyone i'm eddie. Mair race hosted the marketplace podcast. This is uncomfortable. It is a show about life and how money with it and this season. We're digging into one very specific feeling that nagging suspicion that in some way or another kind of getting scammed from a decade-long quest to unravel and identity thief to the get rich quick ler of multilevel marketing schemes. We get into how our society seems to be built in ways. That can often leave. Many of us feeling cheated. You can check out. The new season of this is uncomfortable. Wherever you get your podcast..
Chicago Tonight
"six billion dollar" Discussed on Chicago Tonight
"Our communities on the south end. The west size of chicago Mainly seniors a single parents. Single moms Many were not able to have effective services In our communities to get back and forth with transportation one of the things my Our community is Concerned about is making sure that we have enough drivers and we do know that The way this would this cap would hurt would be that we already have a shortage of drivers and then many of our writers would become more frustrated would become more Disappointed and might make sure that they're able to get around the city of chicago We'll talk about alderman riley. This talk about your proposal because it would cap surge pricing at one hundred fifty percent of the company's regular fair violating the kappa trigger. A one hundred dollar fine and three violations in a twelve month period could mean a suspended or revoked license. Why is capping surge pricing. The right move right now and to be very clear. Those penalties would be paid by the platform not by the individual driver. That's very important to note We are not targeting drivers with enforcement on this but the surge cap is really important. I've been getting a lot of concerns from not just residents but people who work downtown and for folks that work later at night nurses a bartenders cocktail waitresses getting off three four in the morning affair. They used to be ten or fifteen dollars to get home is now costing them fifty or sixty and they're having to make a really difficult decision for their personal safety. Many of them going home with tips in their pockets. Do i spend my hard earned. Money on that surge priced fair would do. I risked my life taking public transportation on the three or four in the morning. And i think that's a really difficult decision for folks and that's my primary concern but limiting surge pricing on ten dollar fare. Normal ten dollars fare to fifteen. I think is reasonable. I'd like to see the rideshare. Companies dig a little deeper into their market cap. I'm looking at uber. And their ninety six billion dollar market cap with a b. and they can't find any more in that prophet margin for their drivers and invest ridiculous. So pitting chicago consumers against drivers. I think is wrong. I think the company these a step up and do what's right. Kevin nelson your reaction to the proposed surge cap a actually a yeah. I definitely have one Augmon riley by the way we have made a number of attempts to ask you to meet with us Regarding proposed of fair capital just dependent sum up our position on that We string we stayed with you. We believe the passengers are being charged way too much for the rides a hundred fifty percent or massively two hundred percent we believe is a very fair fair kept but the one factor that we're failing to actually keep in mind. Is that uber and lift. Take over fifty percent of the fair for every ride. Okay so if you propose a fair cap there needs to be a cap on the commission's that's being collected by buber in lift as well as the city sold. The drivers are being paid fairly If there's a cap on the commission without if there was a pep affairs with other capital of commissions. It's going to destroy the entire industry. For roger drivers reverend turner how are the rideshare companies overreaching and charging charging as much as they are type of gouging. We'll see a one of the things we did. Because as a leader in the community and as an advocate for workers specially when we've been in this pandemic for over sixty three weeks It it has really bothered many of us. Faith leaders because It was something that many of our drivers have lost wages Many of our drivers man not only drivers but many During this pandemic have lost their jobs and one of the things we ask guber to do was to make sure that they looked after their drivers because these people employees that have families they have incomes they have mortgages they have rents they have to take care of their families and one of the things that they instituted was a two hundred and fifty dollars million dollar program to make sure that they were able to make sure that their drivers were looked after. Taking care of. This is something that is not overnight but all of this as my fellow a On with me tonight. We know that this is going to take a process and this is something that we need to make sure that we work together on to make sure that no one loses a job at a time where unemployment across this country is at an all time high. We need continue to make sure people are able to work as still able to take money home and not out of their pockets reverend turner. Thanks for your insights all of you. Thank you for your time and insight sets were. We'll have to leave it. My thanks also to kevin nelson and ottoman riley. Thank you gentlemen. We really appreciate it. And i'll brandis we go back to you phil. Thank you some corporations in the private sector say. They are working towards an equitable economic recovery. This comes a year. After the death of george floyd when many companies responded with statements and promises now the chicago community trusts new moved to action. Initiative is asking more corporations to make a firm commitment by june twenty-first joining us to discuss the initiative and the role the private sector can play in equity is gloria custodio. Associate vice president of the we rise together initiative at the chicago community. Trust gloria. thank you for joining us. So the trust has given examples of commitments to achieving equity in three areas workforce development strengthening black and latinx next businesses and neighborhood investment. Gory custody oh tell us. More about the initiative and what impact these investments might have. I thank.
Conversations
"six billion dollar" Discussed on Conversations
"I'm not a traditional ended for broom but broom is my home and i'll defend it to my dying breath and so i thought look you know one of the things my people say that if you have the capacity you have to stand which means that if you've got the skills to be a leader and you feel that there is a moment in time where you must stand for justice than you must do that. So I was very heavily involved in james price. Point in regards to wanting to look at what that sort of development would do for the kimberley coastline and in particular what would be some of the Potential destructive that could occur from from that development because it was touted to be the largest ellen g precinct in in the world a forty six billion dollar project that would be bigger than qatar. And so what. We're talking about on. A global scale is a massive Development that would not only the cultural landscape but the social cohesion and the civil society of brown. And so i made a choice to look at that. But as i said the most destructive element for me was the collateral beverage and the destruction that Touted aboriginal families against each other father against son brother against brother sister against sister and so Family barbecues.
Greg Laurie Podcast
"six billion dollar" Discussed on Greg Laurie Podcast
"Computer programmers and facebook and google and on an ibm and intel is the largest private employer in israel was six plants including a six billion dollar plant. They must be doing because they're a blessing us. And we're blessing them. Half of israel's exports or high-tech much of it is coming from the global american companies that are sitting in israel gobbling up startups as we speak and i want to say one more thing we're known as the startup nation but we're also a startup where a sixty seven year old startup and so is america. It's a little bit older than us. But in historical terms were to startups to democracies the arc of history is not about democracy. This is very special. Which is why we're very close. Which is why. I believe that. The deep roots that connect us from the puritans until today and connect us with israel are roots. That are here to stay so we may have political disagreements in the news but that comes and goes the basics. Are there absolately.
Daily Detroit
"six billion dollar" Discussed on Daily Detroit
"Community has nearly two hundred and forty locations and more than fifty six billion dollars in assets.
Big Fellas Basketball
"six billion dollar" Discussed on Big Fellas Basketball
"What are the what are the major change that you've seen over the last forty to fifty years of being the business while it's financial part of it i mean it's it's it's really big business it's more corporate and in some ways i lament that i go. We don't have as many characters. He's when i first came later more corporate now however i tell people and i'll tell you just think about this for a second the jazz fee for entering the nba in nineteen seventy four. The expansion fee was six point. One five million dollars. When ryan smith just recently purchased a jazz or eighty percent of the jazz from the miller affect the price was one point. Six six billion dollar sets reported so with those numbers. When if you let that sink in it's more of a business. I mean there's so many people now on our medical service staff which takes care of the players. They have private shafts. It take care of the players more. There's analytics for for trainers now on injuries and the coaching staffs are bigger the scouting staffs for big with the front office staffs are bigger. So in some ways. I i like to say i gashed out. Remember the old days where i knew everybody very well by their first names in all of that we were small family unit. But you can't stop progress. I also have to tell people that this is the best shape the nba as bit ever been in because the resources are there to maximize that makes our jobs easier. I told the ownership of the time the miller family when we were able to purchase a first round draft. Pick to get rudy. go bear. i said you know. I'm the only one in the room that was around when we had to sell our first round draft. Pick and ordered. Stay in business for over a million dollars dominique wilkins. And now we're able to buy the twenty seven th pick for three million dollars and you could see what that's done so it's better for the ban. It's better for everybody else. The bigger staffs and all of that. But you know you can't you can't lose sight get.
Health Care Rounds
"six billion dollar" Discussed on Health Care Rounds
"From Distribution wise you get a lotta hospital executives. G get armagh. People do still have those icy people like what is your yes we've got. We've got different niches that the biggest niche and the most important hospital health system leadership is executable hospitals now systems that sort of like at the end of the day the business dies or falls with that and then it would be within that health system executives. Ceo cfo ceo's chief experience officer et cetera. In in down the line today but wall in in hospitals and health systems is number one by far health. It ties in very closely. The hassles systems you know we we we cover health. It hospitals. it's really just another big part of the houses universe pharmacy more pharmacy in terms of really trying to be front and center with the more and more discussions were more coverage of what chief arms are thinking and so forth. It really came out of a discussion with one of the great house seats in the country. Several years ago we sat down and explained to me. We have a six billion dollar budget a year of which something like four hundred million that is pharmacy in at four hundred million is going up fifteen percent a year in. I feel like. I have no control if all so that was the point at which that was i opening to me. The amount of spend in the amount of concern in issues and houses of in the pharmacy space so our market is not really pharmaceutical company readership. It's its pharmacy as it relates to. How systems chief pharmacy officers in house on the phone yesterday on a podcast with joshua free in joss the chief pharmacy officer of a house system in on the west coast which is really going through in that case was talking about three forty b programs but the core leadership core readership. The court announced hostile houses -secutive in other niches in orthopedics and spine spine surgeons in surgery centers. Would be owners surgeons administrators that you surgery centers you know but those are sort of the core needs. we've got. We have other efforts. That efforts in different specialties. But the core of our readership and audience has to be those executives in hospitals systems or does physicians in different specialties. Or whatever the areas. So i wanna i wanna go back to what you were saying about pharmacy and the recognition of that Out of control. spend i see. There's almost a couple of tracks one. I see health systems adding their own specialty pharmacies. so that they see that as important revenue stream for them. But i still get the sense. I talked to a lot of these people to a lot of pharmacy directors. I enter them for research. And i just get the sense that there's still this antagonistic relationship between pharmacy and pharma. Mostly almost like That the pharma has not been able. I've said this before on previous podcast but farming is has not been able to demonstrate the value. They bring to the table. Like if it's let's say it's ten percent of of of. I should know what this number is. Let's say it's ten percent of costs will maybe. It should be fifteen percent of costs because the value that that drug briggs keeps people out of the hospital keeps people leaving longer cures cancer. You know what. I'm saying. So i don't know if do you notice so the best chief pharmacy officers. When you talk about user job cost troll the very best to pharmacy hours will say impart but awards for job. Actually made sure with the best in the right pharmaceuticals for the right people. You follow me. So i did that. Recognize it's not just cost it's cost plus megajoule. We're actually getting the right solutions..