35 Burst results for "Six Billion Dollar"
White House: Biden will travel to Europe for Ukraine talks
"President Biden will head to Europe next week to talk with allies about the war in Ukraine the president will attend NATO and the European Council summits spokeswoman Jen Psaki says a big part of the push back against Vladimir Putin's invasion has been allied unity that doesn't happen by accident presents a big believer in face to face diplomacy so it's an opportunity to do exactly that former state department official Daniel Hamilton says it's the right move it's important that the president show is not sitting comfortably across the Atlantic but that is part of the coalition meeting with European colleagues in Europe the trip was announced just before the president signed a bill giving Ukraine another thirteen point six billion dollars in military and humanitarian aid Sager mag on the Washington
Trial set to consider approval of Boy Scouts bankruptcy plan
"The bankruptcy case filed by the Boy Scouts of America is getting its day in court starting today in Delaware the Boy Scouts organization sought bankruptcy protection in twenty twenty facing nearly three hundred lawsuits and more than eighty two thousand claims of child sexual abuse it's filed a complicated reorganization plan and the trials expected to last several weeks under its proposal the Boy Scouts would contribute nearly eight hundred million dollars in cash and property with other massive payouts from its insurers and church sponsors to create a victims compensation fund that's more than two point six billion dollars the largest sexual abuse settlement in US history the trial before a federal bankruptcy judge in Delaware is expected to run several weeks I'm Jackie Quinn
Live updates: Biden to authorize further $200M for Ukraine
"President Biden is authorizing the state department to provide additional aid to Ukraine I'm Ben Thomas with the latest the funds are part of a broader package of US support for Ukraine in the form of aid and sanctions when Russia invaded late last month secretary of state Antony Blinken noted the US had provided one billion dollars in aid to Ukraine the president is now authorizing up to two hundred million dollars more to cover weapons as well as military services education and training is your cranium seek to repel the Russian invasion Congress has approved an additional thirteen point six billion dollars in aid you know we have to cover the costs of sending troops and weapons to Eastern Europe and a slightly larger amount for refugees and economic eight Biden plans to sign that bill next week Ben Thomas Washington
Top lawmakers reach deal on Ukraine aid, $1.5T spending
"Congressional leaders say there could be a vote in the house as early as today on a bipartisan deal to help Ukraine as part of a broader federal spending package the deal came during the overnight hours providing thirteen point six billion dollars to help Ukraine and European allies along with funding the U. S. troop deployment to Europe the funding would be included in the long overdue one point five trillion dollar federal spending package among the many lawmakers from both parties agreed to provide the Ukrainian effort with even more than what the White House requested is Senate Majority Leader Chuck Schumer is a Holocaust going on when you see that people are lined up on buses to just leave a conflict zone and Putin's artillery shells those buses the spending bill was stalled but the urgency in Ukraine as help spur the deal there's also billions more in the package for dressing the covert nineteen pandemic and funding federal agencies I'm Jackie Quinn
J&J, distributors finalize $26B landmark opioid settlement
"Drug maker Johnson and Johnson in three major distributors have finalized a nationwide settlement over their role in the opioid addiction crisis I'm Ben Thomas with details the twenty six billion dollars settlement is the largest to date among the many opioid related cases had been playing out across the country Johnson and Johnson AmerisourceBergen cardinal health and McKesson announced the settlement plan last year contingent on getting participation from a critical mass of state and local governments none of the twenty six billion will go to victims of opioid addiction or their survivors rather it'll go to nearly every state and local government and the U. S. to boost programs aimed at reversing the crisis especially in devastated low counts that include many parts of rural America I'm Ben Thomas
Congress passes bill to avert partial government shutdown
"Congress temporarily averted a government funding crisis with a short term measure government with hours to spare Congress sent legislation to avoid a partial federal shutdown to president Biden the legislation did not raise the debt limit that keeps the government funded through December third it includes over twenty eight billion dollars in relief for those recovering from hurricane ida and other natural disasters in over six billion dollars to support the resettlement of Afghanistan evacuees the house approved a short term funding measure with a bipartisan two hundred and fifty four two hundred and seventy five vote although a majority of Republicans in both chambers voted against it Jennifer king Washington
Questions continue on $16B back bay flood plan in NJ
"One of the most ambitious and expensive flood control projects in any US state could eventually change the way the Jersey Shore looks and operates during a storm the back bays of the Jersey Shore hit hard by flooding during superstorm sandy but a proposed sixteen billion dollar plan to address flooding is raising concerns the proposal calls for construction of huge gates across the miles of three inlets in New Jersey that could be slam shot when a major storm approaches officials with the US army corps of engineers held an online hearing Monday night they said the plan could prevent one point six billion dollars with the storm damage every year when fully constructed but officials didn't have detailed answers on some concerns including where the water would go during storms and the impact it might have on the environment participants asked what would happen to the water levels near the structures there's no guarantee of funding for the massive project which would run from Neptune in Monmouth County all the way to the state southern tip in Cape May New Jersey I'm Jennifer king
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.
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
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.
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
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.
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
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
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
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
Stack Overflow Sold to Tech Investor Prosus for $1.8 Billion
"Stack. Overflow says it will be acquired by process a european tech giant and ten cents largest shareholder for one point eight billion dollars quoting the wall street journal based in new york closely held stack overflow operates a question and answer website used by software developers and other types of workers such as financial professionals and marketers who increasingly need coding skills. It attracts more than one. Hundred million visitors monthly. The company says process. One of europe's most valuable tech companies is best known as the largest shareholder in chinese internet video gaming giant tencent holdings listed in amsterdam process. Signaled its appetite for deal making. When it sold a small portion of its equity stake in tencent in april for fourteen point six billion dollars the stack overflow deal ranks among prices biggest ever acquisitions process invest globally across a range of online platforms focused on areas such as food delivery classifieds and fintech it also maintains a more than two hundred billion dollar holding in tencent processes parent company. Nascar's acquired the tencent stake in two thousand one for thirty four million dollars. The stack overflow deal is processes i outright acquisition in the educational space purses already owned stakes in two educational tech companies. You to me and code academy servicing companies. It is set to make an investment in skills soft. A publisher of training software used by businesses as part of that firms plan to merge with special purpose acquisition company churchill capital corp. and list in new york and quote.
Etsy Buys Secondhand Clothing App Depop to Tap Into Gen Z
"Fz announced this morning that it is buying the london-based fashion resale app depop. I was not familiar with depop but apparently it is very popular with gen z. And apparently it was worth one point six billion dollars to quoting the new york times the cash deal which is expected to close by the third quarter of this year underscores the growing influence of clothing resale platforms more. Shoppers are turning to the second hand market for something cheaper and potentially greener as the overproduction of clothing increasingly adds to landfills. The trend appears to have been accelerated by the pandemic as more shoppers. Look to declutter wardrobes. Earn cash by selling their old clothes or set up fashioned customization businesses from their bedrooms
"six billion dollar" Discussed on Bloomberg Radio New York
"Six billion dollar plan to revive the economy which is being brought to India stand still by the coronavirus crisis revokes Paul Richardson has the details the package equivalent to about ten percent of GDP includes two hundred billion route to be used to guaranty bank loans to distressed businesses another hundred billion ram will go to protect and creating jobs with the remainder going to other programs including increased welfare grounds proposal also reiterated that the look down into the Africa will be removed and a phased approach in Johannesburg Paul Richardson Bloomberg daybreak Europe table needs twenty four hours a day on a and a QuickTake by Bloomberg I'm Dan Karen's this is pulling back Dr hi I'm Jay Farner CEO of quicken loans and rocket mortgage during the challenging times were all experiencing our top priority is the health and safety of the communities we serve and while it's true that things are changing rapidly every day one thing that'll never change is our commitment to giving you the best mortgage experience that rocket mortgage our guiding philosophy of every client every time no exceptions no excuses exist for times like right now we understand that hardships may arise and we're prepared to help if you currently work with us and need assistance with your mortgage contact us twenty four seven at rocket mortgage dot com as we all think about ways to save money let me remind you that mortgage rates are near historic lows if you think right now is the right time to refinance your mortgage our home loan experts are available to help you twenty four hours a day seven days a week at rocket mortgage dot com call for cost information conditions equal housing lender license in all fifty states in M. L. S. consumer access dot org number thirty thirty the world's.
"six billion dollar" Discussed on Bloomberg Radio New York
"Twenty six billion dollars and all these facilities they need cash flow on these things they were going to have about six hundred thousand visitors during those two weeks of the games and the eleven thousand athletes plus you know it's just going to be a delay of a year it's going to be challenging sure but not nearly the challenge that the four hundred and twenty one thousand people and counting around the world are coping with their infections with the corona virus and the sign of relief is Japan doesn't have to host the games and make all those answers answer all those questions about why are you holding a games at a time when the world is either still suffering from this epidemic or just coming out of it so it's it's actually a good thing the only be an economic cost not nearly as much to Japan as a cancellation but an economic cost that Goldman Sachs puts in about six billion dollars not the sixty billion in direct and indirect costs that could have come down the pike to Japan and its economy if the games have been already canceled what else would you point to Steven when you talk about the economic fallout that may just give us a bit of a better sense of where policy makers are at in terms of trying to protect the Japanese economy well I mean the Japanese economy was already in trouble ahead of this crown of virus outbreak because of the global trade situation and the issues of South Korea and and of course the global trade war but you know the games were expected to give up a boost of course to the Japanese economy it that's going to be delayed okay I think the baseline best case scenario perhaps would be the beginning of a recovery by the third quarter but the it's it's still pretty much an unforeseen outlook right now because we don't know when this epidemic is going to hit its apex and start improving we didn't get it in the last hour or two Hey I got an email from moody's and they put out a statement saying although the direct economic and fiscal impact of the postponement of the Olympics is dwarfed by the wider fallout from the global corona virus outbreak the postponement will hit business and consumer sentiment further straining investment and consumption through the first half of twenty twenty so that's where we need to go through the first half of twenty twenty get this pain out of the way and then we examine the whole issue fave greatest fear thanks for that that's our chief north Asia correspondent Stephen Engle of X. three M. say they are accelerating production.
"six billion dollar" Discussed on Bloomberg Radio New York
"Know that it also already has a thirty six billion dollar pharmacy business Jason and now it wants to move more into the healthcare business we're talking about Walmart and this takes is so close to my hometown of Atlanta down there in Georgia a big experiment going on there in the exurbs I guess you would call them Matt Boyle went there he covers all things Walmart for Bloomberg he joins us in New York City so what you find there I found a really interesting business storage areas and it's really funny I mean Walmart already has as you said it's a big health care business here the four hundred you know million prescriptions a year R. thirty six billion dollar business but they want to get deeper into health care spending a three point six trillion dollars of spending in this country it's disorganized it's confusing nobody likes you know paying for healthcare they don't know what they're going to pay Walmart's like we can bring you know some clarity to this for Walmart so let's go ahead and do it what's interesting that and yes I thought I don't know if you get this job that you as well but I mean Walmart already has a hundred fifty million weekly customers right to think about that's their base that they can already maybe tap into for health care exactly they've got all these people coming into their stores are ready a lot of them are lower income a lot of them are either uninsured or underinsured or they don't like their health care plan Walmart saying Hey you're coming in for groceries already it's a Saturday afternoon to need you know junior for special kids six you need a tooth a tooth cleaning and the people they are seeing in these new centres not granted there's only two so far the third one is going to open this summer but the people they are seeing in the cell center some of them have not been to a doctor or dentist in over a year yeah this is not a totally new concept and I think about what's going on at CVS specifically you know in some of the other big boxers or I guess that dig by state but more the idea that the doctor's office is moving into retail a lot away so they're not alone here yeah they're certainly not alone here CVS is going very heavy into this as well with their new health hub if they wanna have fifteen hundred of them by the end of next year but this is really rethinking retail healthcare the problem with the care clinics are minute clinics as CVS this call them they've been around yet over the past decade but they're cramped they're small and the problem on the retailer's site is they never see enough volume to justify their fixed costs so for that reason Walmart has had these for the past six years but they only have nineteen of them with these new health centers they're really blowing it out these things are six thousand seven thousand square feet twelve exams rooms you know I care dental if you can hear the doctor they'll send you in for a hearing check even I mean and then of course when you're done they move you right up to the pharmacy well tell me how this works and that's what's amazing they're.
"six billion dollar" Discussed on WTOP
"Dot com money news at twenty five and fifty five on WTOP and at six fifty five what's going to Jeff claim on after we go on records none today the Dow finished the session down two hundred seventy seven points one percent the S. and P. five hundred index lost a half percent today but it rallied three and a quarter percent for the week construction health care and hospitality lead job growth last month two hundred twenty five thousand jobs added more than expected the under employment rates part time workers looking for full time work was a record low six point seven percent T. mobile landed a million subscribers last quarter and expects to add another three and a half million this year still no updates on its plan twenty six billion dollar merger with sprint a deal sprint has said it needs to survive best big tech company pay that would be snap chat the median pay at Snapchat last year was three hundred six thousand dollars the median pay at Google was two forty seven Jeff label WTOP news thank you so much Jeff keep it here we'll talk about the descending temperatures overnight and then what White House official was escorted out today it's six fifty six if you're a woman over fifty we have a message for you it's never too late to change your life and your body and health back you've come this far and you are worth it hi I'm Beverly fox this is my friend Cathy to share her EMP when eighty story I had fifty started in a way to fight left our Jack had no energy and my joints ache so we started working out harder but nothing changed then I went to EMC one eighty and found out everything I've been doing my entire life was basically wrong the M. P. one eighty program is easy to follow and in just six weeks I've changed my health.
"six billion dollar" Discussed on KNBR The Sports Leader
"Leg they got to have a reason to bring people in to the new six billion dollar stadium in Los Angeles every time I look at thing up it gets an extra billion dollars Bob fitzgerald couldn't even be this hyperbolic on how much it costs you notice that by the way official just adding a hundred million dollars every time you mention stray center that's how the rams are going the forty Niners are in a much more stable position they have already done the far Han's ID style rebuild from within get your own guys if you see value out there pounds but what if they they haven't done any big like pulling money siding who's the biggest signing that they've made do you for who you can get out of pretty easily yeah you give up the second form that's fine Jimmy grapples contract looks like a bargain we can argue about what Jimmy garage below is all day every day but he certainly worth what he's getting compared to what other dudes are getting and how they're performing compared to James or to grapple I mean who else who else Jeremy can it hasn't taken a snap hasn't really been a big deal you know why because he got what he most certain I think he makes twelve dollars an hour fine it's fine you know column at the end of the year me the forty Niners are extremely extremely ruthless when it comes to contract negotiations and it works out it's a ruthless leak meanwhile the rams oh boy they they just they can't throw money at their problems fast enough and instead the problems continue to grow now they overpaid for Jack off to never be able to get off of that dear god has to turn in one of the five best quarterbacks in the NFL or the rams are screwed Jalin range you can't miss any games he's really good don't get me wrong or the rams are screwed Erin Donald same thing and yeah by the way you got to fill out like fifty other spots on your roster and I think you'll have about a hundred million dollars to do it that might sound like a lot when you have five guys taking up more than half of your cap you messed up and you probably not gonna have a very good football team unless you have a supernova at quarterback chair coffee supernova Odell Beckham junior all the big names you might say all the forty has a flexible this and that no way get out of here you just get out here with they'll be fine they they have the number one seed up until a couple days ago without doing any of the big splashy stuff by just staying principled an honest to what they were planning on doing now's not the time to freak out you can find value take it don't get me wrong forty Niners have a good culture you don't need to bring in anybody messing that up they have a really good roster and those guys gotta get paid and you pay them first I don't think we're gonna have any brandy Crawford Brandon belt situations and by the way if you do I guarantee that next contract very agreeable to the forty nice to be able to get out of it right quick I love the idea I love playing fantasy football that's just not the way it works so don't worry about Odell Beckham junior by the way is not even on the trade market I will talk more forty Niners in a little bit it away can be ours the number if you want to get in we got some time for you we got what we got some lines for you how about it it can be are this can be our tonight on.
"six billion dollar" Discussed on WMAL 630AM
"Six billion dollars in online sales this as insiders projecting today's cyber Monday sales to beat last year's record of just under eight billion dollars with more than nine billion dollars in online sales today correspondent Jim route checking your money the Dow opens at twenty eight thousand fifty one the nasdaq eighty six sixty five in sports fourteen dollars Rhonda Rowland this franchise is a one here since nineteen ninety eight I commend every yeah across the board coach bill Callahan can gradually to steam after the Redskins come from behind early then take a defensive stand late to beat the Panthers twenty nine twenty one the first time the Redskins won back to back games since October of last year Sunday night football the Texans beat the patriots the wizards fell to the clippers up next traffic and weather on WMAL the owner a new account December is here so that means it's time to decorate shop to get ready for family I get a new roof Bruce not exactly on top of the priority list prioritizing because our slowest months is your best time of the year to save huge through December fifteenth save sixty percent off roofing plus get five years interest free financing with material prices going up in twenty twenty not only is it the best price you'll ever get it's the best price you'll ever get ever again two thousand nineteen pricing sixty percent of materials in five years interest free financing tell your family to come over tomorrow because you got new look coming over today call one eight hundred two seven nine fifty three hundred that's one eight hundred two seven nine fifty three hundred sign dot com through December fifteenth it's the best price you'll ever ever again pop quiz if you sell a home for five hundred thousand dollars how much would a traditional real estate agent charging commission if you guessed twenty five to thirty thousand dollars you're right but.
"six billion dollar" Discussed on WBZ NewsRadio 1030
"Street earlier this month he was seriously burned and broke fourteen bones however he escapes through a third floor window with the help of lieutenant Minard who died in the line of duty the recently fired secretary of the navy is not going quietly Richard Spencer continuing to fight back and criticize president trump maybe she's Karen Travers is in Washington with the latest in an op ed published in The Washington Post Wednesday night I hosted navy secretary Richard Spencer rights of president trump's quote shocking an unprecedented intervention in the case of navy seal Eddie Gallagher the president ordered Gallagher be allowed to retain his full status as a sealed despite accusations of misconduct on the battlefield Spencer right to the president's decision on Gallagher is quote a reminder that the president has very little understanding of what it means to be in the military to fight ethically or to be governed by a uniform set of rules and practices Karen Travers ABC news Washington very little rest this holiday weekend in Washington where the next round of testimony you scheduling the impeachment inquiry against the president get underway this week is round bringing a new team taking a more active role inside the hearing says A. B. C.'s amassed a look with Tara tells us you hearings held by the house Judiciary Committee will allow for the president to attend the hearings and for his legal counsel to question witnesses transceivers until Sunday to decide whether to participate the Judiciary Committee taking over the process from the intelligence committee which had been investigating the trumps alleged efforts to push you crane to take action against his political rivals the question of whether former White House counsel down again will appear on Capitol Hill to testify continues to make its way through the courts the US court of appeals for the DC circuit is issued administrative stay of a lower court's ruling ordering began to appear in its order last night the peels courts it would consider issuing a longer stay and set oral arguments for hearing January third no US district judge potential brown Jackson had ruled Monday again would have to appear before Congress in response to a subpoena rejecting the administration's argument that absolute immunity shielded top aides from congressional questioning it's nine thirty eight now time for this Bloomberg business match airlines will be flying a lot of people home for the holidays but not on the Boeing seven thirty seven MAX United southwest at American Airlines of all taking it out of their schedules until March at the earliest the plane was grounded worldwide in March after crashes it Ethiopian airlines a lion air killed three hundred forty six people airline analyst Jay Ratliff says that is costing the airlines a lot of money American Airlines for example hundred forty flights a day they cannot operate because they don't have the Max aircraft in their fleet in for southwest it's even more than that Boeing is taking a hit as well Boeing is already taken a five point six billion dollar hit for compensating airlines that have affected Max aircraft in this was a July number red lives as regulators must approve new software another changes before the Max flies again could very well be February March or even April before these airplanes are back.
"six billion dollar" Discussed on Bloomberg Radio New York
"Marketing is more than a six billion dollar industry and big brands are getting creative with social media marketing but start up Airbnb was released to the game with stars like beyond saying right Kerry posting about their stays that luxury Airbnb is to talk about how Airbnb is benefiting from social media and much more we're doing by Bloomberg technologies and the answer may and how successful has error being bees at marketing strategy ban I would say really successful you see posts kind of raving about their Airbnb is from celebrities like Justin Bieber as he said beyond say lady Gaga Britney spears the Jonas brothers list kind of just goes on and on it's really helps set them up as a luxury brand early to this game are they really were in two thousand fifteen a lot of people were doing this social media marketing was still a very new thing and not a lot of people were talking to celebrities about this either so they're going out there posting their stinking error being bi on Instagram for example but the lines are getting a little blurred of what is an add what's just to get that post do you have to disclose if you're getting paid for this you do with the FTC mandates that there be a clear conspicuous disclosure I'm a lot of times that's that's not entirely the case with Airbnb for example in two thousand fifteen the rules weren't quite as clear use of people saying maybe things are being being great pad now things have kind of turned up a little bit the FTC has you know released new guidelines you're much more likely to see a post that says thanks for the gift of the lovely home or things for the pad courtesy of Airbnb making sure that people really know it was an ad or gas exactly I want to talk a little bit about if there was any backlash I mean it seems it's all funny games right until regulators come in or until there's backwash backwash has there ever been sort of backlash on these brands for doing this on you know it's not really clear that there has been sometimes people see the sponsor posts are not as likely to click on it but face but actually says that you know making those disclosures does not lessen the impact and also the FTC would send out a couple letters but enforcement hasn't really been that fierce arms you still see some kind of fudging around the edges and they're getting their returns on their investment despite what seems like a costly investment at some time well it depends you know it say Kylie Jenner it it can cost up to a million dollars for single post that's according to some reports so you know is that worth it it's it's arguable that maybe I want to switch to another story that you were writing about that's gone from influencers now influencers of sort of outdated and we're now running two meetings what is this new meme craze so in influencer is you know kind of chronicling her life it's like a normal Instagram feed you know Hey check out the shampoo I love the shampoo I mean it's just kind of a series of jokes in this is often how teens want to you know want to relate to brands it's they're really resistant to being sold to it feels an authentic is making a joke after maybe even making fun of the brand it's a little easier to relate to and what companies are taking this route Hoover's one example there are a couple dating apps it's I would say it's a little less proven so you're not seeing as many of the really big names I want to talk about what this means with really the state of advertising how has it changed and how has tack really driven a lot of those changes and you know I think tech as wholesale change the way advertising works but one of the interesting elements of it is a social media marketing in particular because you feel like you're so close to these people and it and get on Instagram and Facebook you can't get away from them you can use an adblocker or else the internet but not there our technologies and Gander may thank you for joining us and twenty nine million Facebook users whose data was compromised by hack cannot see any monetary damages from the tech giant a federal judge ruled users can however band together if they wish to try to force the company to improve its security measures the U. S. sister judge says he's granting the class action measure because quote Facebook repetitive losses of users privacy supplies a long term need for supervision and forecasting clouds through the cloud we speak to the CEO of one company.
"six billion dollar" Discussed on WHAS 840 AM
"Top story low evil bizrate member and Bobby Ellis this week it's been fifty years since the nine year old boy died of hunger on thanksgiving eve his sister Nicky attended a vigil for Bobbi last night and is really touch that so many people come out and out yeah Iggy look choked up but I just want to thank everybody for their kind words that poems or songs Bobby's death led to the creation of the dare to care food bank the Pentagon cheapest firing the Davey secretary over a controversy involving a navy seal and a war crime navy secretary Richard Spencer is out of a job forced out over the handling of the war crimes case involving navy seal Eddie Gallagher Gallagher was acquitted by a military court of war crimes in the killing of a teenage ISIS prisoner in a rock but was convicted for illegally posing with the team's course he was then promoted in rank the president intervene in the case last week ordering the navy to promote Gallagher back to his rank the president then publicly slammed the navy for launching a review that could have stripped the decorated veteran of his status as a navy seal that's Adrian banker reporting I helps explosion and fire kill two people in eastern Kentucky it happened in wolf county state police say there were six people in the home for escape with burns investigators are trying to determine what caused the explosion a man pushing a shopping cart across Preston highway was hit and killed by a car last night it happened near Indian trail square police say the man was not using a crosswalk the driver of the car business not facing any charges good news for people driving to grandma's house this week the average price of gasoline is dropping I'm from fourteen just ahead of the heavy travel of thanksgiving weekend gasoline prices are heading down we have a three cent drop in the past two weeks to an average two sixty six Gosselin industry analyst and publisher trilby Lundberg with some of the specific San Francisco Bay Area is the highest three sixty nine and the lowest baton Rouge at two ten in the middle we have Miami at two forty one Denver to seventy one and Honolulu three fifty eight Tom Foley reporting Charles Schwab is buying rival TD Ameritrade for twenty six billion dollars a blockbuster deal xcelerated by massive disruption in the online brokerage industry I do your grandmother teaches a would be burglar alasan David Schreiber explains eighty two year old really Murphy and award winning female body builders says she was getting ready for bed Thursday night when a man came to a Rochester New York door asking for an ambulance Murphy says he then broke again I'm alone at all but I guess what I'm tough anyway I don't know what happens he picked the wrong house to break into Murphy scored shampoo in the man's face and started hitting him with a broom until police showed up and took him into custody Dave Schreiber ABC news New York millions of Americans.
"six billion dollar" Discussed on Bloomberg Radio New York
"You're listening to work best on Bloomberg radio I'm Jim but also and I'm AT Baxter the German government should be applauded for its plans for fiscal stimulus and climate according to International Monetary Fund managing director crystallinity Georgie eva she also June says the global economy will see a modest upswing in twenty twenty but cautioned that it's still operating under a heavy cloud of uncertainty Georgie ever spoke to Bloomberg T. V.'s Matt Miller in Berlin can I ask on on Argentina we still don't know the economic plan of the incoming administration what would be a good plan for the IMF for you to agree to renew the fifty six billion dollar Argentinian scheme we would like to see what the government that governs thinking he's we recognize that imagine Tino forward because gone up so any plan that the government puts forward called to be mindful of the in fact if we cut from the most vulnerable people in other words we expect to see strong attention to suckle social protection and we are already talking to our colleagues in the World Bank and interamerican Development Bank of collaborating to support that kind of plan if we look at the global picture aren't you less concerned then you were in October and we see this sort of pink television is that the fed seemingly have passed the ECB as well Germany narrowly avoiding a contraction this will be the global economy is bottoming out and the next direction is off this is what they're projecting for next year a mall this of Sweden Kingsgrove this heat this year three percent who always in the last decade make see at three point four percent we also say there is quite a heavy cloud of uncertainty hanging over the world economy and the more that can be done to reduce uncertainty especially to reduce trade tensions hopefully to move from trait proves to trade please sustainable and also the more governments can do to use all the tools they had the day disposal to boost that chance of swing and what we are recommending he's if you cast monetary policy space music not many do but there is still some at least have that conversation here and where this government has physical space they need to use it at the as the engine of Europe to dry they had actually using using the I want to say that that we have to give credit to the German authorities in the mix year budget they're providing his theme was that is a three quarter percentage bowls they also came up with the very ambitious climate that Bravo may others follow that also with the Jack eight the the senses the list last but not least the structural reforms improve conditions for competition think of the longer term think of this the rest of the people I mentioned before think of the best thinking digital infrastructure being that he will be the end to this planning can investment now because guess what the future is coming very fast though we need to get the customs of the speed of change it will never be that slow in the future any in that complex I think we can reach an upswing but it would require of policy effort is not going to come just falling from the sky finally ask you your view on negative rates Mario Draghi is last meeting said they had a very good experience with this experiment on the other hand I've heard from a lot especially for bankers of course negative things about negative rates but especially concerning is that they think it's increasing wealth inequality do you see it that way so the way we see these we have to recognize at the very moment dying accommodative policy health it cope with employment look at the employment in Germany itself with girls everywhere Bucks we need those for a prolonged period of time the inevitable risks stop compounding and they are basically three one is profitability of banks being affected then banks look for other ways to generate deals tool we see equities going up that's requires prevention measures the specialty retail us in the in the housing market to protect it from a from a bubble three the Akon accumulation of high yield high risk in the banking but also in the non banking sector and I can tell you that that the annual meetings of the IMF and the World Bank that issue of the medium long term accumulation of risks that was from the center we are looking into that very carefully because as we say right now we don't pull the plug the economy slowly you don't want to create more trouble don't for the low interest rates so prematurely but over time we do need to concentrate on why interest rates are so low and basically thanks for the issue of low productivity the demographics in advanced economies that was I MF managing director Christina Georgie eva and coming up an exclusive interview with Boston fed president Eric Rosengren this is.
"six billion dollar" Discussed on Bloomberg Radio New York
"Crises take a really long time to recover from finance Mysteron job markets pulling people back in for very long without a physical union is what we preach is extreme diversification it's hard to have sustained productivity without capitol wrestling Bloomberg surveillance with Jonathan Ferrell in polls we bird radio for all New York City from audience worldwide good morning and good morning to you all they see is pull into acts of violence from the Bloomberg interactive brokers studios alongside pole sweetie I'm Jonathan Ferrell your price action following another all time high the clothes on the S. and P. five hundred we advanced by a quarter of one percent up eight points risk appetite improving just a little bit it means treasuries move lower yields drift tie up two basis points in a ten year to one eighty full and in foreign exchange the dollar seven just a little bit of weakness against the Balkan G. ten the euro would fussing a tenth of one percent go under performance this morning coming from the haven currencies the Swiss city and the Japanese yen record highs was set for more of them in today's session PO Sweeney and yet we still don't have a phase one deal which makes me wonder whether we actually need one to advance we need we need talk of is it appears that the market just needs talk rhetoric about a phase one deal that's enough I mean you take a look back the earnings season wasn't that great it was mixed at best we kind of have a sense of where the fed is right now so it appears that the market really laser focused on a phase one trade deal and again some rhetoric out of the White House that we're getting closer but we've heard that before Larry Kudlow same way coming down to the shore strokes we're in communication with them every single day good right now great news talk is good at it for the last five weeks wanted to say on paper thing many people started to lose a little bit of patience do we need to try truce to advance the positive bias in this market right now is absolutely phenomenal especially when you consider where we were through the summer of twenty nineteen joining us on the phone call again from London on places like to MRS BNP Paribas sedia investment strategist and think about it talk to me about it do we need a trade truce to advance because at the moment just the promise of one is enough do we need one to materialize but if we don't get one I think will certainly see some disappointment and it's going to be as much not only do we or don't we get one but the details I think what we've seen so far in the market is an assumption that one we get a deal and that too that includes at least a partial rollback of the terrorists that are already in place maybe not only do we not impose the tears that were promise for December we reduce some of the ones that both China and the US have been problems if we don't get that or don't get enough for that that in and of itself would be a disappointment let alone of course even a bigger disappointment if there's no deal at all the notice I suspended the October tariff increase the December one is still on the table so at some point we do start to test the patience of this market because the US is threatened fifteen percent tariffs on a hundred and fifty six billion dollars of Chinese goods that set to head in the middle of next month's them what you expect is going to happen with the threat of more tariffs well I think that's exactly what we're anticipating as as part of the agreement is that those don't actually get impose and so that's the deadline as you point out that's going to base is far as or as long as the market's gonna be willing to hold its press if you well they see this really materializes it's not going to accept this short strokes types comments or tweets from trump that things are better things are worse you know at some point we do have to have income paper now even when we get them when we do get that however all the market's going to do is turn its attention to to whether things one earnings as you mentioned which we can talk about whether they're going to be enough to propel the market higher and then secondarily it's going to be any kind of face to deal and I think we all realize that it's difficult as it has been for phase one phase two that even be more challenging so then let's go there let's go to the earnings and now some just finished up the bulk of earnings for the third quarter what's your take aways for the earnings across the U. S. and European companies well certainly for the U. as we all knew that the the year and your numbers are gonna be very strong and of course it all comes down at that point to house big the surprises worse of the surprises were above average so companies as they are generally do did better than expected but it gave us a reasonably decent year on your comp yeah if you exclude semiconductors and energy this kind of ignoring all the bad stuff but corner liner engines okay I think what's really going to matter for the market though is whether or not the expectations that we have for next year when the calm start to look a lot more supported if they're able to stay in place or whether we see analysts revising the numbers stand now there's reason to believe they'll actually be revising them up because they're in the forward guidance that we caught out of companies this quarter which the best we've seen in a year so there is reason to believe that guidance will turn into writing learning testament and that should translate into rising prices typically those that cannot be right some market sometimes down we have twenty two are of chemical genitive the comes in this program quite often and he's always kids points out that when you cut estimates of the end of the year going into the following year typically that means that the following year can be quite a good year it can outperform and vice versa it sounds counter intuitive but of course the lowering the bar to be ultimately in the year ahead we make that dynamic down well that's certainly part of the game that's played between the analyst community and the the CEOs and CIOS of the companies you know ultimately it should be about what actual growth is as opposed to whether you've beaten expectations are not but the comparison of the forward earnings guidance that I talked about is looking at the third quarter this year versus our quarter last year so that should take into account any kind of seasonality if you will about given the numbers towards the end of the year so we think at this point you've got a modestly supported environment for equities we have very modest expectations for returns next year but we think that's going to be the lover as to whether or not we can't continue to see new highs in twenty twenty is whether not even those modest numbers actually materialize can we talk about what your expectations are for next year we have how would ward of Kay Bailey funds on the program around about an hour ago he's looking for something like five to seven percent earnings growth in the United States three twenty twenty down what do you come down on that what consensus estimates currently average out around that number of probably maybe a little bit higher so then it comes down to what do you think happens to the multiple because if you get that earnings growth in the multiple doesn't move and roughly speaking that should be your price return plus you get a bit the dividends I think we do need to think about the weather the current multiple on the SP five hundred is really sustainable we know it's above average about seventeen and a half times services along with average of about fifteen and a half now you can argue and I would that with low interest rates supported central bank low inflation the market is justified to trade on a slightly higher multiple but a full a full two points higher is debatable so I think we need to contemplate maybe giving that earnings growth but at the same time ever compression the multiples of that translates into market appreciation that's a bit less than you hoped for so Dan of the last five weeks the market seems to have changed its tax from one of the more defensive outlook utilities reads consumer staples to maybe a little bit more risk on and feel are you comfortable with that pivot that we've seen over last month or so what you're absolutely right to losing huge sector rotation I would argue it's driven this is not necessarily by defensive verses offensive allocation but more what happened with US treasuries because we had such a last week a twenty basis point move in treasuries in a week that's a lot we know that that was driven primarily by optimism on the trade deal so clearly can go away with a tweet but it's the movement in yields and the attractiveness of high dividend yielding equities verses government bonds that we think is really behind the sector rotation so if treasury yields get moved back up towards two percent I think you're gonna continue to see weakness and utilities are real estate because you don't need to take that equity risk as much anymore to get the income but conversely if there's any kind of growth concerns or trade goes off the rails again everything's going to go back to work Denmark's is that some of the year isn't ever looking at the twenty twenty were trying to establish with a big consensus calls out the conviction Cole was among the guests to come on this program Dennis talk about them what are yours what we're overweight equities into next year but looking at emerging markets actually I did continuing to outperform they have more recently so for the your current events lacked a so this might be a moment if we do get progress on trade the and also the fact that the US is done so well for so long I think it is reasonable to expect that he and I have some room to catch up so I think that's one thing that we're looking for and then the potential and this is an action allocation yet but the potential for Japan to turn around it's been a huge disappointment this year expectations of fallen dramatically so maybe it's at a point that it really can't disappoint anymore and there's a potential for some months on given that kind of as he always seem to be Japanese equity for cheap I doubt was going to catch up with you you and I got back a long way and it's always great to get your insight on this program to MRS BMP power by senior investment strategist drum roll we have a lesson of riding again guess what his name is Mister Tom Katie is off today but guess what he's doing a little bit later he is getting dragged to the cinema to watch frozen to there as is the highlight of his with windows frozen to come out I don't know is it coming out today is it coming out like my special screening done oldies down with me sent me a frozen to.
"six billion dollar" Discussed on 860AM The Answer
"Don't seem to be hurting Chinese tech giant wall way at least not yet well a report to double digit sales gain although the sanctions do threaten to disrupt its smartphone and network equipment business in the future the company's sales soared twenty four percent in the first nine months of the year two eighty six billion dollars the trump administration considers wall way a security risk and impose curbs in may on its access to American technology and components rich Thomason reporting south Korea's deploying snipers installing traps and flying drones along its border as it ramps up efforts to stop wild boars from spreading swine fever from rival North Korea South Korea's cold about one hundred fifty four thousand pigs in the past month all in farms near the north Korean border breaking news and analysis at townhall dot com in politics was with warrants become one of the democratic presidential field front runners that may have worked against her Tuesday night in the fourth meeting of the field at the debate in Ohio Warren got much of the attention from the moderator well as from fellow candidates who really did try to hold her to account and American universities Capri Cafaro says they hit her hard making Warren and fellow favorite Joe Biden the big losers the winners booted JJ and Amy Klobuchar on home turf in the Midwest thirty two I think hi I like the fact that there is more to the democratic field of candidates that's not really what voter Augusta golf really wanted to see if she watched.
"six billion dollar" Discussed on WJR 760
"You know we want a little norms is not normal being out here we understand that but is not normal being in our situation so you know we're we're trying to change the situation no not just for us for everybody you know weird you a W. blue collar with a baseline for this whole country it's almost like all the comforts of home without a regular paycheck at the Hamtramck plant can wriggle ski W. J. R. news Richard where she junior also known as white boy Rick is scheduled to be released from Florida a prison there sooner than expected the fifty one year old has been in the Florida prison system since August of twenty seventeen after being released from prison in Michigan earlier in the year immediately after his release from Michigan he was taken into custody by Florida officials on a racketeering conviction where she was initially sentenced up to five years in prison but because of good behavior his release date has been pushed up several times he could be released in August of twenty twenty we are still over two weeks away from Halloween but retailers are already seeing the benefits of the holiday Debbie day our Jeanne Fogel explains that Halloween has become one of the largest spending holidays of the year it's estimated sixty percent of the population will celebrate Halloween this year consumers are projected to spend a total of eight point eight billion dollars or about eighty six dollars per person three hundred ninety million dollars will be spent for greeting cards alone spending on costumes expected to total three point two billion dollars another two point seven billion will go for decorating the home and of course candy sales expected to hit two point six billion dollars Jean forgot of U. J. R. news Elton county sheriff's office needs your help in identifying a prowler in connection with a series of incidents in Oakland county W. J. R.'s Elizabeth Crenshaw has the latest let me say there have been five confirmed reports in the city of Rochester hills and one in Troy dating back to March twenty nineteen authorities say in most cases the suspect has been caught looking into windows or back sliding doors before running off and in July there was one reported incidents where the suspect touch of females lag before running out of the home the suspect is described as a black male around twenty years old with a thin build short here and a possible go T. anyone with information is.
"six billion dollar" Discussed on WBZ NewsRadio 1030
"Two point six billion dollars that's how much money could be lost from power outages in northern and central California that are about to enter a second day outages that utility PGD says could prevent wildfires submit saying works for the power company there's a lot of questions in terms of could we have got sick sooner should we have done things sooner we are at this point in time and what I could tell you is that we are doing everything that we can our Steve Futterman is there here in Sonoma county on your they're learning to live without electricity one of the most popular places has been this home improvement store change to Koch the store manager says one of the most popular items has been generator we had about twenty about twenty four hours ago we have zero now zero they're all gone none left this man was prepared for the power outage I've got a nine hundred what many little generator and it's just enough to keep the refrigerators golf this man though was not prepared every we weren't we weren't Steve Futterman CBS news said no my California at least two people getting killed and two others injured in a shooting near a synagogue in Germany it happened on Yom Kippur the holiest day on the Jewish calendar the BBC's Jenny hill an eyewitness filmed as the gunmen dressed in combat gear confira outside a synagogue in Hana he just tried and failed to shoot his way into the building a woman was killed as she walked past the anger this man told us he came face to face with the gunman.
"six billion dollar" Discussed on WGN Radio
"About some of the latest crazy items on fast food restaurant menus around the world the Taco Bell KFC a KFC has a new donut chicken sandwich that's out lots of crazy things going on will bring in Jonathan hopefully this morning first up this morning here on the program so stay with us we've got a good show for you this morning let's begin first on the WGN associate having market desk the opening bell rings of this morning after stocks closed out yesterday mostly flat as global economic concerns way down Wall Street weak economic numbers out of Europe along with continuing trade war with China cap stocks in check this morning there is some news from Europe that's affecting the markets in London this morning as you heard Vic report earlier the highest court in the UK has determined the government's decision to suspend parliament for five weeks was unlawful as sterling jump to nearly a half a percent on that news this morning the president of the Supreme Court Brenda Hale says that the suspended inspection of parliament was not a normal. suspension and that it had taken place in exceptional circumstances she said there was no justification for the government taking such extreme action to suspend parliament for five weeks the decision was unanimous apparently by the court the a court said that the prime minister's decision to advise the queen to Perot go a parliament was unlawful because it had the effect of frustrating and preventing the ability of parliament to carry out its constitutional functions without reasonable justifications the opposition labor party integrate Britain is already called for Boris Johnson to resign because of this this morning in the U. S. futures are pointing toward opening gains on Wall Street Dow futures are up eighty three points nasdaq and S. and P. futures are higher as well this morning heading to the opening bell again as we mentioned in Europe markets in London are moving lower in Germany up by nearly a quarter of a percent in France up by nearly a third this morning in Asian markets are in the grain in Tokyo the Nikkei is good and the day up just a fraction the hang sang in Hong Kong is up about fifty eight points the Shanghai up about eight points to end the day up about a quarter of a percent and oil is trading at fifty eight oh eight a barrel a couple of stories as we begin this morning other than the U. K. brexit story US trade officials will be meeting with the Chinese vice premier for talks in two weeks treasury secretary Stephen minu chin said yesterday that he and trade representative Robert light Heiser would be working to ease tensions in the ongoing trade war between the world's two largest economies he also said the progress was already being made in deputy level meetings last week Lockheed Martin will build at least six space vehicles as NASA works to meet president trump's goal of returning astronauts to the moon Lockheed Martin announced yesterday that it has one four of four point six billion dollar contract to build the space vehicles NASA says the first of those three it receives from Lockheed Martin will make up the fleet for its Artemis. program which aims to return astronauts to the moon by twenty twenty four and she shins between the United auto workers union and General Motors will continue today as a massive strike enters its ninth day around fifty thousand workers are on the picket line in what's now the longest GM strike since nineteen seventy the automaker has already temporarily laid off thousands of workers at some facilities in the US and Canada the union is looking for better pay and the preservation of existing healthcare plans it's five fifteen now here on the opening bell on seven twenty W. G. and and that we will be back with the more on the program in a moment but first let's update traffic this morning I think we've connected now with merry band of all traffic central to bring you up to date on all this morning traffic morning merry and good morning traffic is sponsored by hip home insurance still some overnight road work out there especially in the outbound side of the bishop Ford at one hundred and fifty ninth blocking the two right lanes other road work at the end on Eisenhower between Mannheim and first has been picked up no delays on.
"six billion dollar" Discussed on Bloomberg Radio New York
"News comments and insights from epinions worldwide team of editors and columnists I'm Jim also coming up on the show white anti trust problems are just the start for big ten plus how taxing robots is a great way to make people for but first the defense department recently sent lawmakers a list of about three point six billion dollars in military construction projects that would be deferred to pay for president trump's wall Bloomberg opinions editorial board writes that quote the diversion of Pentagon construction money defies Congress and hurts military readiness while accomplishing nothing opinion editor James give the is here to tell us why so we've learned that part of the money for the president's wall is coming from the military what projects is it coming from well coming from about one billion dollars worth of different projects there's three point six billion dollars military construction projects that comes on top of about six hundred million the ministration is taken from the treasury department's forfeiture funds and another two point five billion dollars in Pentagon funding from other areas and it's coming from everything from you know rebuilding storage bunkers for ammunition and extending runways and updating the infrastructure for the militia minute man three ballistic missile in a training and equipping the Afghan security forces dismantling chemical weapons there's a whole range of things and it's got a lot of people up in arms reason James who decided where the money would come from specifically I think the Pentagon put together a list based on what he had planned and what he thought it could do for her or not two they are asking Congress to back fill and we fund these things and Congress is unlikely to do that in fact some of the Democrats in Congress have already said that they're going to fight this tooth and nail both because they think it's bad for the nation's defense and also because it takes power away from Congress that was granted to it by the constitution isn't this battle already in the courts it has been in the courts and at what happened is that the courts have said that trump has a right to reprogram money but it's not clear whether or not to the ministration can be able to do what it wants with all the money that it's trying to take because here you have a situation where the president went to Congress for the wall and Congress said no except for this amount and so he's going around them so the argument is being made that he is going around Congress is specific powers right and. and and what could be done is is the waves abled and run this was by declaring a national emergency in February that the situation the borders natural national emergency and and that's the rationalization for his ability redirect fun. so Congress is going to have to Congress can step in and say look we're gonna pass a law that says you cannot use any of the funds that we want to prepare for the Pentagon. these purposes and that could be have a kind of close the door on this thing happen in the future in the future but there's nothing to to have that retroactive right well it may be that the Pentagon starts singing a different tune when they realize that Congress is not going to back fill a lot of these requests that they're going to have to be deferred I think the important thing to remember is that. what trump is building a is not going to solve the problems that he wants to solve it for example you look at what's happened to border with the asylum seekers the sound figures are trying to sneak in there try to present themselves. be considered for silent hill walls not gonna do anything there. with the effort to stop drugs from poor infinite stakes Sentinel is not being modeled over the walls being smuggled. the postal system into ports of entry is any part of this. a danger to military readiness or national security or is it just up keep that we're talking about that's being diverted. well I think it is a danger that if you're doing things like. you know diminishing the reading is of of the Minuteman three ballistic missile system if you were you discomfiting allies because basically what you're doing is you're taking money that that they were counting on to build their deterrence. in Europe for example. resident is going to take away about seven million dollars in money that was allocated to upgrade US and NATO bases in Europe in part to deter Russia after takeover of Crimea so you know there's both the immediate impact on the ability of US forces to do their job and then there's the impact on relations with allies and elsewhere I think in both cases it's it's not good for the nation's defense he wants to have a physical barrier he wants a Berrier covering as much as two thousand mile border. he can and you know when all is said and done I think that's just going to be an expensive monument to yell intolerance and not effective in protecting the border from the country challenges the border faces thanks James that's James give me an editor.
"six billion dollar" Discussed on Heartland Newsfeed Radio Network
"Hey no stinking row ads nip flying cars but they're going to spend a bunch of money on roads. I guarantee at doing it here in the valley as gazillion dollars. We're gonna do 'cause going to northern arizona. If if you're leaving on friday afternoon there's one four lane highway clock and then when you come back come back sunday afternoon sunday night and i don't know if it's a three day weekend you come back them and add no. That's a parking lot one hundred mile line from flagstaff down to el so phoenix so they're going to build a yes heard they're going to build a two lanes and i'm not sure it's going to be a third sad ed or going to widen one of them or something but they're going to have additional lanes like four going up and beginning of the weekend and four coming down you know the to go nail away at the end end of the weekend and i go okay. Let's cool l. or i could buy a flying car. Suck about that now do that and they want you to for the next thirty years with a bond that they're gonna dude got paid off thirty years at the interest rate of thirty years and you're gonna pay for that. Atvs opposed to just saying why we don't have flying cars. That's why okay hi now this one article here i wanted to show you. You can see what's happening. Worldwide with fifty six billion dollar alone endangers i._m._f. Officials fly to argentina good argentino argentine has been a thing this is like the third time in my adult life that they just they just rape and pillage and we start over and they keep doing. 'em keep giving them the more money they give now. It's billions listen two decades ago. Argentina crashed out at an i._m._f. Program defaulted on debt and plunged into depression as fund fund officials arrived in buenos aires over the weekend to address the country's current six billion dollar bailout and decide whether to keep doling out cash some of the same warning. The signals are flashing babb nabala. They're like eighty percent and and played a lot so you you read this and you go if here comes uh-huh argentina again. I've seen this before why they keep doing who's responsible for this. Who's the money. They printed up the american taxpayer. How's that even work on their the guys that want to do the s._d._r.'s special drawing rights sardinas money put in there how do they you know lincoln it just way you too complicated of of spaghetti code or whatever them to do this can't investors panic sell emerging market funds on on pace for worst ever outflow. This emerging markets have some country that now has an economic trade zone thing. We're going to do this and we'll be stable and great and wonderful. Come over here and invest in on by our dead of stock of something of we're going to build some pinky swear and you can make a bunch of nyah methyl. Prop it up. If we dan it's gone and i think emerging markets and this and i think we'll not.