24 Burst results for "Stephen Beard"
"stephen beard" Discussed on WNYC 93.9 FM
"Make sure of that but foreign students make up around forty percent of the student body of both these ancient universities so they too will suffer a substantial hit it's a pandemic drives a lot of those foreigners will play in Oxford I'm Stephen beard from market place whatever the state of the getting back to business process is where you are the fact is a lot of us no matter where we are are still staying home voluntarily or not and that means passing time when not working from home or helping educate your kids from home or stressing about being stuck at home is made a pastime Netflix and Hulu and all the rest of seen big spikes of course but there is another streaming platform out there having a moment twitch is probably best known as the place where you can watch other people play video games in real time as it happens but the company wants to be more than just games and this year is the CEO of twitch weapon program thank you for having me let's talk core business you're people watching people play video games I imagine now with all of us like their living rooms for six weeks or or many of us anyway think then the numbers are probably pretty good yeah we've seen a pretty significant increase in usage it's a fifty seven percent increase for the four weeks post social distancing versus pre social distancing him so if I'm a gamer of of some renowned I like sign up with you guys and and you give me access to services I mean how does it work really anyone can show up and you start streaming of course you know we we go and try to convince anyone who is a really great game or stream with twitch but anybody can just sign up and start sharing their video gaming experience or interestingly there music creation experience they're cooking experience with the world what are the barriers to entry here I mean I imagine right so like I can start my cooking channel or might well here's a thought a beer making channel right yeah first for the column channels only called channel streams were getting all the channels that's right channels sometimes okay called their stream but we calm channels okay so me Joe blow I can sort of a a home beer brewing channel and eventually gather followers do you imagine me being able to make a living from this without getting to the ultra extreme expertise level that some of your gamers now are at so there's really two ways you can grow your channel the first one is being maybe that's not the best in the world but but up there one of the best in the world to people want to tune in just to see someone who's that good stream the other way you can grow your channel has not not really anything to do with with expertise maybe you're good if you're not good but you're entertaining a Bob Ross isn't famous for being the best painter of all time right it's not name is from being a Matisse he's he's famous because he's entertained wanting to connect with the audience I would imagine with a beer bring channel engaging public view would be the way to go I'm not sure how you demonstrate your beer bring skill on stream but we actually find that in the long run that engagement is the way to go for those who don't know who Bob Ross is by the way Google and and you'll see exactly what the what and was talking about I'm so here we are in in a period where you almost literally have a captive audience which is great for your business it's great for the people who partake of twitch both the the the streamers if you will the people providing the content in the people watching eventually this economy's gonna open back up to some degree how worried are you about losing ground I'm a I'm not really that worried about it like I'm I'm really hoping for the economy to open up again quickly you know it has been it has been good for twitch because with everyone children at home we have a we have a lot more need for a service suddenly people need to connect online they need to find community and I think a lot of people find when they start using Twitter that this is a good supplement to their you know real world engagement.
Harvesting tech shows up down on the farm as Brexit labor shortage looms
"As it turns is out that all jobs where a human touch is or has been irreplaceable fruit and Berry picking is a good example. Soft delicate fruits must be assessed zest for ripeness and then gently plucked without smashing them in a vice like grip but in Britain one looming effect of Brexit is a shortage of cheap human when labor and that spawned a new flurry of interest in robots. That can do the job. So you see that it's Reaching the stem and now the gripper cutter will cut the stem and grip the Strawberry Visha Mohana University of Essex Marketplace's. This is London bureau. Chief Stephen Bid went to see his robot in action. This is definitely very difficult. Territory for robotics These aren't repetitive. Movements in a highly structured environment as you would get in a car plant. The environment with fruit-growing is very unstructured. The robots gotta find the the fruit through a massive leaves so it needs stereoscopic cameras. David Three D. Image. It assesses the rightness of the fruit by measuring its wavelengths on the visible spectrum. It needs to deal with fruit of different shapes and sizes and machine learning going on here so it is pretty difficult to these robots. What's move with any sort of speed. I'm kind of imagining them. Shooting up and down these rows of fruit arms flinging grabbing berries filling baskets. Well they can do with that but They wouldn't be very effective they. They cannot pick as well as humans yet. They're getting there But they're they're picking more slowly than humans but they can work much longer so lacking speed they make up foreign stamina an average human raspberry picker picker can collect fifteen thousand berries in an eight hour day. The robot can harvest twenty five thousand in a twenty hour day so so slower but hard working robots also can pick at night which is not so easy for humans and that's better for the fruit because they they've been picked at low temperatures. Have they could be chilled more easily. How does the cost of these machines. Workout I'm guessing. They're expensive to buy but do they. Balance Out over their lifetime. Well this probably is the the major stumbling block in the path of this technology the Belgian company Tinian which is probably the most advanced of the European robot developers won't say exactly how much they cost which is never a good sign. They say the cost is comparable with the cost of human Picking but I've heard a lot of suggestions that One of these robots could cost as much as a hundred and thirty thousand dollars. It'd be very hefty price to pay. What Tinian says is that. They offer a complete package. They offer to rent out the equipment but one fruit grow that I spoke to said that he didn't expect Robots to become widespread in the UK or Europe until now the decade at least Stephen Beard in the UK on the robots revolutionizing farming now for some related links automation in farming doesn't just have to mean robots. Robot's there are other ways that tech continues to infiltrate agri-business here in the US. Drones can help with monitoring crops checking for hydration levels so that watering schedules can be adjusted dynamically. They can spray pesticides and autonomous tractors and harvesters could do the monotonous back and forth driving over miles of fields old. Forbes looks into this in detail and says that it's bringing the high-tech west coast and the rural rust belt together as farming tools become increasingly software independence. That old question of who actually owns them is cropping up again. Farmers have started hacking. Their tractors manufacturers like John. Deere basically lock them down around to stop what they would call an authorized repair work. The farmers the vice interview say when something breaks down. They can't get to a dealer and they don't necessarily want to pay for that. I'm Jackie Stewart. And that's marketplace tech.
UK Prime Minister Boris Johnson says getting Brexit done is now the decision of the British people
"British conservatives led by prime minister Boris Johnson of won a decisive victory in the U. K. general election the British currency soared up to one thirty three to the dollar now the left wing leader of the opposition labor party Jeremy Corbyn has announced he'll be quitting and the leader of the pro European Union Liberal Democrats as already resigned Johnson says the result now clears the way for Britain to leave the E. U. without delay here's market place's Stephen beard in London confounding the opinion polls Boris Johnson has won a stunning victory and a huge endorsement of is often repeated campaign pledge to get brexit down as he told jubilant party workers this morning with this mandate and this majority we will that lost be able to do what pay attention with these thumping parliamentary majority he can now push through his exit deal for leaving the European Union after three and a half years of did around delays since the E. U. referendum he said the argument over leaving all remaining that's been put to rest getting brexit don is narrow the irrefutable irresistible all the arguable decision of the rich people but the brexit argument is far from over next year Johnson faces at least eleven months of hard bargaining with the E. U. over new trading relationship Charley Faulkner a senior opposition politician says that'll hinge on a critical question are we going to give it to wards the USA and leave a close alliance with Europe or are we staying with you're not in the European Union but treating the USA maybe it more psalms lent divorce would want in his congratulatory tweet this morning president trump offered Johnson a massive from lucrative trade deal there are clouds on Johnson's arise in the separatist SNP party in Scotland also did very well in the election and will push for another referendum on Scottish independence but Johnson has smashed the opposition labor party and to the relief of financial markets it socialist plans and in his victory speech early this morning he couldn't resist repeating his winning mantra in characteristic style let's get breaks it down first my friends let's get
"stephen beard" Discussed on Marketplace with Kai Ryssdal
"The critics that may depend on how desperate the u._k. Is for a deal after brexit in london. I'm stephen beard for marketplace. The.
"stephen beard" Discussed on KCRW
"Economy that's real integration in London I'm Stephen beard for market place there was word from fed ex today that is not to renew its ground delivery contract with Amazon choosing instead to focus on the broader economists market to got to move right betting that the rest of the online shopping economy is going to generate enough shipping business to make up for cut Jeff Bezos loose marketplace Jack Stewart has been looking into that one back in may fed ex made news by announcing regular Sunday deliveries at the time president and C. O. O. rod supermini I'm told me he's thinking beyond that one prime clients in Seattle ecommerce is so much larger than any one company our customers are small customers medium customers large retailers in the Walgreens and wal marts and targets we offer the service to everybody FedEx said the Amazon made up one point three percent of its revenue in twenty eighteen less than you might think right especially when we hear so much about Amazon dominating the market FedEx like he wasn't making much profit anyway says Gordon Glazer from ship awak because of Amazon's outsized influence there an eight hundred pound gorilla and they dictate you know what they're gonna pay pretty much he says this is old likely good news for other E. commerce companies FedEx will have open capacity now and they're definitely new opportunities out that says the knees down off of the conference board for example peer to peer sales platforms like posh mark or a second hand websites like thread up or the real real all that is just increasing you commerce and with that the business for shipping companies Amazon will be fine it's investing in its own delivery capacity including hubs planes and trucks and at a faster rate than sales are growing according to moody's research analyst Anthony to come but says that's another reason for FedEx to guess ours FedEx is realizing that Amazon is becoming a competitor and sometimes the smart move is to walk.
"stephen beard" Discussed on KCRW
"Lawmakers oppose him in London I'm Stephen beard for market place we go back and forth around here on the whole house the economy doing thing consumers seem pretty happy businesses less so so we decided to call one of our regulars who lives and works at the intersection of people and businesses Elena for go is the manager of the Butte plaza mall in Butte Montana island hi hi how's everything on your end well I I'm fine but you know I'm here everyday the rehearsing we got you all of the photos because we want to know what's going on view plaza mall oh my goodness things are better things are better things are brighter yes wow tell me more well the call center FC our is our newest business there a call in technical and customer support center it's just a great atmosphere I mean they've got over a hundred employees on site they have moved into their location they were out here and some of our temporary spaces while their space was being refreshed I miss some you measure your in the old folks in the department store I do use that all my goodness yeah I miss them but I miss the call center people being out here in these temporary spaces it was lively and yet another in their their location which is that a little bit reboot removed from me the yeah we still make time to visit the let me ask you a foot traffic question I mean do you think the call center and and the other businesses that you're hoping to get in to that mall are going to do anything for foot traffic which is of course the life blood of the retailers tune your rent space yes well employees actually they'd go out and visit the other businesses people are not just here to shop they're here to eat to socialize to go to a movie but you make friends here and you build routines we've got our mall walkers that walk every day hi yeah I know we we we've talked about them tell me what happens when you walk through the mall do you see what do you see are there like empty storefronts and for rent signs or is it is it reasonably Hamann what is it like in the view plaza mall you take a lap around which I'm sure you do all the time you know I just came in from from the outside and inside there's a glaring reality we do have vacancies but let's come opportunities there you know hopefully hopefully at some point people are going to see the potential and now have the in the call center in their own environment we can show people that this out of the box thinking brings more opportunities than just retail opportunities have you been in malls and retail your whole life your whole career yes pretty much so yes thirty years over thirty years this is if if I remember our previous calls correctly this is gonna be the first back to school season without a department store and be applause Mara yes yeah we're already feeling that are still in it yeah I was just gonna say tell me about that actually right now hi we do not have family issues or a lot of clothing options but we've got a lot of boutique stores popping up so this you know that the change in retail may bring opportunity for a little entrepreneur who has always sought to open up the T. maybe now's the time to fill that need a lot of for co ad to be plaza mall in view month and a.
4 countries vote in high-stakes European Parliament election
"Ryssdal is on this today from the European Council on foreign relations, and I thought it might be useful as a way to set up our next story, it was a survey by country of people from e you countries, asking you a whole bunch of questions including whether people thought it was likely that the e u would fall apart in ten to twenty years in every country in the EU, except Spain majority of people said that was realistic, including fifty eight percent of the people in France. And that gets us to this elections for the European parliament or this weekend, and have been described as a battle for the soul of the European Union, essentially more union or less the economic consequences of which are enormous. Here's marketplace's Stephen beard, make no mistake says veteran French political analyst Dominic Mazi this vote is the most critical in the history of the European parliament way at stake. Fundamentally is the survival of the European Union project. Are we going to break it or to keep it Donald Trump's arrival in the White House? He says, along with the inexorable rise of China, make a United Europe more necessary than ever. There is less America in the world, and much more China, and they should be more Europe. And no one is more committed to more Europe than Emmanuel macro. The European and some not the Frenchman to celebrate Macron's victory in the French presidential election two years ago. It had been years since a main national position in western Europe, had run an election on an openly, and admittedly, and proudly per European message. That's Alexandra Holroyd French lawmaker from microns party on mush as president macro has cast himself as the savior of Europe. He's called for a joint e you military full. So common defense budget, and the finance minister for the whole euro-zone more cooperation between Member States of the European. To ensure whether you're achieved which is peace and the prosperity and cooperation will different kinds of field where we need to be to get the message from the main rival party in these European elections. Couldn't be more different. Long live. Liberty long live, a wonderful Europe of nation states, long-lived fronts. Shouts marine Le Pen, head of the right-wing national rally. The party's chief spokesman is long Jacko belly. We won't nations to be back
"stephen beard" Discussed on WNYC 93.9 FM
"Good as always to have your long everybody. Who boy has it been a busy day in London? We are two months as of today out from Brexit and parliament has been having something of a vote a Thon trying to come to some kind of resolution about the terms of their departure from the European Union. Among the motions considered one from the opposition labour party to seek a customs union with the EU that was rejected. Another to force Prime Minister, Theresa may to try to delay Brexit, if there is no signed deal with the EU by February twenty sixth also rejected a third to stop the UK from leaving without a deal passed. But not legally binding, the prime minister says she's going to renegotiate the withdrawal agreement she negotiated with Brussels, Brussels. The headquarters of the U says, no you're not so with arguably the global economic disruption of this and the past many decades on the line. Marketplace's European correspondent Stephen beard explains. Where breaks it goes from here. I've been covering this story for two and a half years now every twist and turn of it. And I have to tell you. I have no idea. What happens next tonight very much doubt? Anyone else does either in London? I'm Stephen beard for marketplace short. But sweet, right? I mean, come on how much more do you need another big global economic disruption for the past couple of decades has been the rise, of course of China as a dominant force and on that story. Some news today in the form of hallway the Chinese telecommunications giant just indicted by the United States for stealing technology secrets and violating trade sanctions. The Trump administration has formally requested the extradition of the company's CFO who happens to be the daughter of the founder, they want her from Canada and a wireless company in Australia said it's gonna stop building. It's mobile network for now because it relies on hallway hardware, which is suspected of being a hacking threat, and that gets us back to global economic disruption. Because now that while way is in the news for suspected bad corporate behavior. What is that gonna mean for the? Business of global telecommunications. From Washington marketplace's Scott Tong is on that one. It's a big moment for telecom suppliers wireless carriers like Verizon and AT and T are spending billions on new hardware for the next generation of mobile known as five G. Why is the world's top supplier? But the US indictments raise new questions about whether it steals technology in violate sanctions. The Trump administration may ban while way gear from the US entirely with this administration. Definitely the the chances have gone up telecom analyst, Michael Genevieve's at 'em KM partners thinks while always brand is damaged which means opportunity for its big rivals is actually a boon for Ericsson Nokia. But politically they don't want to put that out there and their messaging 'cause they're sensitive about being banned in China. Meantime, while way is building a China Centric mobile network raising the question of whether rival systems east versus west are developing around the world and stevenson-yang is with Jay capital research. While we at least is already encouraging its chip suppliers to move their production to China because it's concerned that it's going to come under export controls regimes. In other words American sanctions for now. Australia and Japan have said, no hallway Portugal's main. Carey has had. Yes. In a German carrier is reassessing things as the Trump administration pressures. That's allies to reject Chinese companies retired air force general, rob Spalding, recently left the White House. You're going to see continuing restriction of those companies within democracies going forward to him. This is an issue of economic and national security, I'm Scott Tong for marketplace. Stop me if you've heard this one before but apple made a ton of money last quarter. The company reported earnings today after the bell did fine. Thank you very much. But it's a safe bet the focus of much of the last twenty four hours at apple headquarters has not been earnings as much as it's been FaceTime a bug that could let a FaceTime. Caller, listen to the audio for my phone or an ipad that he or she is calling even before the person at the other end of the line had accepted or rejected. The call apple says it has disabled the problematic feature. So there appears to be no danger right now. But well, no company likes to find itself with a deeply embarrassing privacy issue. The fact that it's apple who CEO Tim cook has made it a point to say his company is all about protecting customer privacy. Well, that's news. Marketplace's Mitchell Hartman is on that one. It's been one of apple CEO, Tim Cook's, mantras, his company is a vigilant defender of consumers privacy and security here. He is on MSNBC back in March twenty eighteen you are not our product. You are our customer you or a jewel and this. We're not gonna traffic in your personal life. I think it's an invasion of privacy. They're certainly an irony in this incident. That's tech analyst John Jackson at IDC apple has gone out of its way to claim a sort of. User privacy moral high ground with Tim cook repeatedly saying that it wouldn't use customers personal data for things like ad targeting. He's been openly critical of Facebook and Google models. Which do exactly that. Of course, the bug in. Facetime is just that a bug. It's not a feature of the app. Cooks criticism of tech rivals has centered on their intentional harvesting of personal data equity analyst Angela Zeno at CF. Our research says he expects apple to get through this moment of bad PR, just fine. It's not a big deal. I mean you from time to time you have issues like this. And you know, we expect it to be addressed. But Lauren Weinstein with the group people for internet responsibility is skeptical that apple is so different from its competitors. He says the company also collect some data on its users and is apple sells more kinds of gadgets like watches there will be more bugs to now you have wearables your whereabouts talking to smartphones smartphones talking servers. Baby talking to desktop. You have a lot more at least in theory potential problems. Apple didn't respond to a request for comment by our deadline. I'm Mitchell Hartman for marketplace. This is a big week for tech earnings the very latest tomorrow morning on the marketplace morning report. But if you just can't wait till then there's a quick primer on which reports to keep your eye on. And why at marketplace dot org? Apple shares lost some ground during the trading session. Got a nice little bump after hours though. We'll have the details when we do the numbers. Can think whatever you like about the possible probable?.
"stephen beard" Discussed on KQED Radio
"I'm Sabrina short in for David Brancaccio, who's on assignment UK Prime Minister Theresa May's plan to manage Britain's exit from the EU was not just defeated yesterday. It was defeated by the largest margin by which any UK prime minister has lost a parliamentary vote ever. Now may is facing a no confidence vote in parliament, which could lead to the collapse of her government, though, signs Arshile survive that vote but just to recap there is now no plan for an orderly or managed Brexit. So what happens now marketplace's Stephen beard reports from London ten weeks to go before Britain is due to leave the EU and the government is in disarray the country in limbo, many, exporting businesses, fear. The UK will now leave the block without an exit deal. Major new trade barriers could then shoot up between the UK and its biggest export market, prime minister may say she'll try to ring some concessions from Brussels. But the us chief negotiator. Michelle Bonier says she must dropped some of the key demands. And. The Brexit hack set close alignment with the rules and regulations. Brexit is say that sort of close alignment wouldn't be true. Brexit Britain wouldn't be free to forge its own free trade deals with countries like the US, it wouldn't control its own regulations if she survived. Today's no confidence vote prime minister may says she'll consult with senior figures in opposition parties to find a way forward, but amid the morass of options not one commands the support of a majority in parliament the turmoil continues in London, I'm Stephen beard for marketplace. Now watching that continuing messy turmoil. Our markets it may seem surprise, but the British pound actually rose slightly after the vote is there were some interesting takes on it afterward. Andrew Hilton is director of the center for study of financial innovation. Good morning. Good morning. The head of the Bank of England, Mark Carney. What was his response to the vote has pointed out, I think absolutely correctly, the rebound in sterling that we've seen today, which is not enormous. But significant the rebound really was to be expected to because the vote against this is May's plan to leave the European Union was so overwhelmingly historically overwhelming that awful lot of people in the markets. Now doubt that we will actually leave the European Union and alternatively that if we do leave it's going to be extended. They will be in March it might be sometime next year. So he sees that's as being the main driver Stirling in the markets today. And I think he's probably right. But if it is such a mess, then why do people including the head of the Bank of England think we're now less likely to have a hard Brexit. Well, I think we're less likely to have a heart breaks because that's the only thing that the majority of MP's kinda real. So whatever they do they will do to stop a hard Brexit. Now, there are options we are finally hearing something from Brussels suggesting that there are ways around this. The first thing probably to do is to extend the deadline. Let's give the Brits a little bit longer during that time, maybe things will shake out but Britain, I think in the eyes of Brussels needs more time to sort itself out Andrew Hilton is director of the center for study of financial innovation. Thank you very much. My pleasure. Let's take a.
"stephen beard" Discussed on WNYC 93.9 FM
"We are give or take two and a half years into the saga that is Brexit Great Britain pulling out of the European Union. And it is not going to far at all. I think to say that we are no closer today to knowing how this thing is going to turn out than we were when the bridge voted in the summer of two thousand sixteen Prime Minister Theresa May's proposed withdrawal deal took a drubbing in parliament to date went down four hundred thirty two to two hundred and two which means. Who knows? So as we do in Brexit news rolls around. We've got a hold the Stephen beard in London Stephen archive show. Honestly now what happens? Well, the deal Theresa May's deal is as dead as their day. I mean, this was an absolutely shattering defeat. She lost the vote by a bigger margin than anyone predicted. I mean, what happened here today was that remains and Brexit is United to trash this deal. And this was May's flagship policy is astonishing, frankly that she hasn't resigned. All right. So well, and there's gonna be a no confidence vote, I guess at some point tomorrow from from Labor's, Jeremy Corbyn, right? Yes. That's right. That's going to be debated tomorrow. Now, if she lost that she surely would resign, and it could very well collapse, the government and could lead to a general election. But in fact, achy, but I should say she probably likely to survive that confidence vote. Because her Brexit rebels and members of the Northern Irish party that were propping up don't want the government to collapse so tomorrow, she she could be soldiering on trying to extract a better deal from the e you alright. But look if you are first of all British business or second of all an overseas or international business thinking about doing business in Great Britain in the short-to-medium-term future. What are you thinking right now? Well, they've been thinking this for some while actually I mean businesses really must be getting used to this uncertainty, nevertheless, one thing from which they might derive some encouragement, and this possibly reason for the pound actually taking up right, right? Counter intuitively. This may be because what could happen now is parliament could take more control over the situation and actually start ordering the government to do certain things, for example, seeking a postponement of Brexit day. Be on the twenty ninth is even the possibility the parliament bike order a second referendum which could result in. No Brexit at all. But I guess in a way that might offer some comfort and reassurance to possible investors in Britain. But although on the other hand, it looks as if there's going to be a lot of turmoil and confusion here over the next few weeks last thing, and we gotta hustle before. I let you go. If you're the European Union looking at this the EU twenty-seven as they call themselves. What what what are you think? Well, the EU has been playing hardball over this try to punish Britain to discourage other Member States from leaving. But the EU doesn't wanna know deal Brexit either. I mean, the ninety billion dollar trade surplus with Britain if the UK does crash out on the twenty ninth without the deal. French wine, growers German, car makers and Spanish farmers are going to be up in arms and with Germany and Italy almost certainly in recession now, France, not far behind the mess of no deal. Brexit is is the last thing the needs Stephen beard in London on Canada, amazing geopolitical and economic day. Thank you, Stephen. Thank you. Stephen was talking about the pound there, and how it rose against the dollar. After the vote priced in is the Frazier looking for everybody knew may was gonna lose and was selling or were I suppose is what you say. They were selling their bounds in advance of that vote. All right back here. Speaking of selling and buying J P Morgan Chase reported weaker-than-expected prophets this morning after a mixed report from CitiGroup yesterday to be clear, they both made billions of dollars. But there was a theme in both reports that is likely to be repeated through the week trading divisions of the Wall Street banks are showing some big declines from a year ago because it turns out trading desks all over Wall Street have had a tough quarter. Marketplace's Justin ho explains why congress limited banks from certain types of risky trading after the financial crisis. But Karen, petro federal financial analytics says banks still do a lot of trading for themselves. And thanks also act as traders for clients and then earned fees for doing. So when markets are shaky and trading. Picks up. Banks can rake it in in fact, trading desk revenue jumped at the beginning of two thousand eighteen when we saw some volatility, but Wells Fargo Bank analyst, Mike, mayo says, not all volatility is created equal. There's good volatility and bad volatility with there's too little. There's not much incentive to trade if there's too much people. Get scared. Mayo says trading froze up last quarter because banks trading clients found plenty of reasons to freak out even go down the list trade interest rates currency volatility. Brexit EU, China Mexico. Nafta US politics government shutdown and the stock market. You had the biggest doc market decline in seven years. The stock market wasn't the only thing hurting trading revenue. Big banks are also big issuers of corporate bonds. Hillary Kramer, chief investment officer at a and g capital says corporate bonds have not been selling. Well, it's very challenging for the banks today to make money on trading, especially banks like J P Morgan Citi group that are ridge. Gators of bonds JP Morgan reported that bond trading revenue sank by sixteen percent Citigroup's spina revenue dropped by twenty one percent in New York. I'm Justin ho for marketplace. Weaker than expected JV mortgage prophets might have been, but they still cleared seven billion American dollars the last three months of two thousand eighteen so which way do you think shares went we'll have the details when we do the numbers. From the wires this afternoon. Dateline? Washington. DC credit.
"stephen beard" Discussed on KOA 850 AM
"Different traditions and faith communities yet. We are all bound together by our grief shock anger and horror. We pray for the victims of this tragic event. Rabbi black said that this period of hatred and violence may soon become a painful footnote in our nation's history. Mayor Hancock also on hand with his message of peace all of us have got the call it and see it for what it is. And say enough is enough and the rest of us have got to move in. No matter where our neighbors come from where our friends down the street is coming from embrace them. Sean love and say, this is what America's truly all about. And he added that we all need to speak up and denounce what's going on and say, it is not okay, mail bombings suspects. As our CEO is to be in Miami arena. Miami Florida federal court later today sack is charged with sending pipebombs to several high profile individuals who've been Chris criticized by President Trump, he allegedly mailed the bombs from Florida, but his case will be prosecuted in the southern district of New York. US investigators are on their way to Indonesia following a crash involving un-american may. Jet the lion Air Boeing seven thirty-seven lost contact with ground controllers, just minutes after takeoff. Nearly two hundred people were on board. Indonesia, and Malaysia in particular, very very poor aviation safety. Lots of crashes in the past two years crashes are way too commonplace. So normally dangerous place to fly just due to the geography to the bath expanses of water, but the pilot training, and they petitioned pilots in most of these southeast. Asian countries is quite that's ABC's aviation consultant Stephen beard federal trial gets underway in Denver today tied to the legal pot industry here. KOA NewsRadio Connor shreve is live with the story. And it centers around a southern Colorado couple's argument that having a next door marijuana company impacts their property value negativity. That's who's starting today in Denver using an anti racketeering act. That was created by congress back in the seventies intended to hold mafia organizations responsible for their criminal enterprises. Now, it's up to jurors to decide how much a property value can be damaged by a next door marijuana company. Something that cannabis. Companies obviously fighting because the decision could obviously have major implications for the industry. They're citing tax value is saying it has not impacted property value at all reporting live, Connor schrief, KOA NewsRadio. A Denver police officer is out of the hospital after being shot in the leg over the weekend. It happened at a home near tenth and Sheridan. Police found a woman with a gunshot wound and were then fired on by the suspect. Police fired back the guy retreated into the house metro swat unit did make entry into the residence a short time later and were able to take that suspect in custody without incidents. Denver police spokesman, Doug Chapman and ABC's extending the first season of those Roseanne spin off the Connors the network ordering another episode of the new series bringing it to eleven total episodes premiere two weeks ago and lost a quarter of its viewers by the second episode the twentieth. Eighteen Roseanne reboot was cancelled in may after the show star Roseanne Barr sin out racist tweets about political aide. Valerie Jarrett in the Connors for character dies from an truck over. Dose. It is six or seven eight is Colorado's morning news here on KOA NewsRadio. Hi, this is Ed green many.
"stephen beard" Discussed on KQED Radio
"A cynical observer would say that of course, there wasn't going to be a Brexit deal between Britain and the European Union at that big meeting that wrapped up in Brussels today, the talks to date and remember it's been almost two and a half years since the British vote to leave the European Union. But the talks to date have been a whole lot of back and forth and back and forth, and then a little bit more back and forth. But students of e you crises past will know that this is pretty much par for the course from the European desk in London. Marketplace's Stephen beard has the update this was supposed to be a climactic moment. When e you leaders finally gave their blessing to Britain's exit deal, but the chief negotiator Michelle Bonnier, let the air out of the balloon at a news conference after the summit, we'll continue to work the next week's calmly and Fisher. Counry and fish, and when the president of the European parliament Antonio Tajani was out for his assessment of the summit. This was the best. He could do I want to be optimistic. The body language was more positive than in the past. Clearly, there was no breakthrough the problem as ever the so-called Irish backstop island and the rest of the EU insists on a permanent legally binding commitment, preventing a hard border between the British province of Northern Ireland and the Irish Republic in effect says eurosceptic member of the European parliament David Campbell Bannerman that could trap the UK permanently under control we get stuck in the customs union if you give the veto so they can keep us in the customs union. They didn't give a deal we get we stay on the customs union. That's what the backstop does prime minister may has now tried to break the impasse by proposing to extend the twenty one month period of transition out of the EU after the formal exit next March this she says would give both sides more time to negotiate a full blown free trade deal, which would make the Irish backstop unnecessary, but James crisp brussel. Correspondent for the daily. Telegraph says a longer transition period is not an easy option. He says the UK would have no voicemail. European parliament no episode in the European Commission. We've undertaken basically to accept any regulations which come down the track from the commission is a real limbo. And that he says could turn into a real purgatory lasting as long as a decade, and costing the UK tens of billions in extra payments to the EU Britain. Now has a little over five months before it see you membership expires five months to strike an exit deal and have it ratified. Peter ricketts. Former UK ambassador to France has the prospect of no deal should focus. The minds of negotiators when people look into the abyss of new deal. They're going to see that. It's really terrible for all sides, including the EU. And therefore, we've gotta find some pragmatic way of getting a deal buying some more time if we sort out in the final relationship, the only crumb of comfort in this mess. That missed deadlines eleventh hour ultimatum and emergency meetings on the eve of disaster are an e you specialities remember the Greek debt crisis situation normal on might say at the European desk. I'm Stephen beard for marketplace. Marketplace is out with the latest version of our poll this week the marketplace.
"stephen beard" Discussed on KQED Radio
"Gibraltar. I'm Stephen beard for marketplace. There are in this trade war. We're still having with the Chinese hard quantitative things each side can do tariffs themselves are a good example of those ten or maybe twenty five percent import taxes on a whole list of goods shipped by each side to the other also softer more qualitative things, like just not buying certain things, the other countries cells and for our purposes right now, one of those certain things is American oil, which China has basically stopped buying Rebecca Elliott covers energy for the Wall Street Journal, welcome to the program. Thanks for having me. This seems like a substantial drop in Chinese imports of American oil. What is going on? So as the trade tensions between the US and China have escalated in recent months, even though China has not imposed any tariffs on US. Crude the US exports to China actually dropped to zero in August after about three hundred fifty thousand barrels a day. Of crude in the first half of the year. So a very significant drop, and we're we're reasonably sure that it's all trade related, right? They just decided we don't want to buy this stuff anymore. We're going to get our oil. Elsewhere. Right. So it may be that Chinese companies are looking to limit purchases of US soil in case trade tensions escalate further, and you know, let's say tariffs were imposed on create sure we should point out here that it's not like the global market is is an unwelcome place for oil-exporters. American crew does have somewhere to go. Yes, exactly. The first week of this month, actually US. Crude exports near two point six million barrels a day to their record highs in recent months. So what we're seeing is a shift in the trade patterns so with China not buying as much US. Crude that. Oil is going elsewhere the world. So who is buying American oil? If if the Chinese have decided that they don't want three hundred eighty or whatever it is barrels a day. The US has customers around the world oil is going to Europe it's America to India. Elsewhere in Asia, the market is shifting response to this decision on the part of Chinese companies rather than Evaporating in any way, this point at least fair for US exporters. So this is one of those things that it's not a director taliation, right? It's not imposing tariffs on American products. It's the Chinese saying, oh, okay, fine. We're just not going to buy American oil because we don't have to exactly. So there are other exporters. They're exerting that choice as of right now. It does not appear to be significantly cutting into the demand for US oil, but China has a large degree of buying power. Of course. Right, right. Rebecca Elliott running on. Energy oil and gas of the Wall Street Journal, Rebecca thanks a lot. Thank you for having me..
"stephen beard" Discussed on KQED Radio
"General. I'm Stephen beard for marketplace. There are in this trade war. We're still having with Chinese hard quantitative things each side can do tariffs themselves are a good example of those ten or maybe twenty five percent import taxes on a whole list of goods shipped by each side to the other also softer more qualitative things, like just not buying certain things, the other countries cells and for our purposes right now, one of those certain things is American oil, which China has basically stopped buying Rebecca Elliott covers energy for the Wall Street Journal, welcome to the program. Thanks for having me. This seems like a substantial drop in Chinese imports of American oil. What is going on? So as the trade tensions between the US and China have escalated in recent months, even though China has not imposed any tariffs on US. Crude the US exports to China actually dropped to zero in August after about three hundred fifty thousand barrels a day. Of crude in the first half of the year. So a very significant drop, and we're we're reasonably sure that it's all trade related, right? They just decided we don't want to buy this stuff anymore. We're going to get our oil. Elsewhere. Right. So it may be that Chinese companies are looking to limit purchases of US soil in case trade tensions escalate further, and let's say tariffs were imposed on create sure we should point out here that it's not like the global market is is an unwelcome place for oil-exporters. So American crew does have somewhere to go. Yes, exactly. The first week of this month, actually US. Crude exports near two point six million barrels a day. So their record highs in recent months, so what we're seeing is a shift in trade patterns so with China not buying as much US. Crude that. Oil is going elsewhere in the world. So who is buying American oil? If if the Chinese have decided that they don't want three hundred eighty or whatever it is thousand barrels a day. The US has customers around the world oil is going to Europe it's going to Latin America to India. Elsewhere in Asia, the market is shifting response to this decision on the part of Chinese companies rather than evacuating in any way, this point at least for for US exporters. So this is one of those things that it's not a direct retaliation. Right. It's not imposing new tariffs on American products. It's the Chinese saying, oh, okay, fine. We're just not going to buy American oil because we don't have to exactly. So there are other exporters. They're exerting that choice as of right now. It does not appear to be significantly cutting into the demand for US oil, but China has a large degree of buying power. Of course. Right, right. Rebecca Elliott writing on. Energy oil and gas up the Wall Street Journal, Rebecca thanks a lot. Thank you for having me..
"stephen beard" Discussed on WNYC 93.9 FM
"I'm Stephen beard for marketplace. There are in this trade war. We're still having with the Chinese hard quantitative things each side can do tariffs themselves are a good example of those ten or maybe twenty five percent import taxes on a whole list of goods shipped by each side to the other also softer more qualitative things, like just not buying certain things, the other countries cells and for our purposes right now, one of those certain things is American oil, which China has basically stopped buying Rebecca Elliott covers energy for the Wall Street Journal, welcome to the program. Thanks for having the guy. This seems like a substantial drop in Chinese imports of American oil. What is going on? So as the trade tensions between the US and China have escalated in recent months, even though China has not imposed any tariffs on US. Crude the US exports to China actually dropped to zero in August after about three hundred fifty thousand barrels a day. Of crude in the first half of the year. So very significant drought. And we're we're reasonably sure that it's all trade related, right? They just decided we don't want to buy this stuff anymore. We're going to get our oil. Elsewhere. Right. So it may be that Chinese companies are kind of looking to limit purchases of US soil in case trade tensions escalate further, and you know, let's say tariffs were imposed on create sure we should point out here that it's not like the global market is is an unwelcome place for oil exporters show. American crew does have somewhere to go. Yes, exactly. The first week of this month, actually US. Crude exports near two point six million barrels a day Sedarat record highs in recent months. So what we're seeing is a shift in the trade patterns so with China not buying as much US. Crude that. Oil is going swear the world. So who is buying American oil? If if the Chinese have decided that they don't want three hundred eighty whatever it is thousand barrels a day. The US has customers around the world oil is going to Europe and Latin America to India. Elsewhere in Asia, the market is shifting response to this decision on the part of Chinese companies rather than Evaporating in any way at this point at least for for US exporters. So this is one of those things that it's not a direct retaliation. Right. It's not imposing new tariffs on American products. It's the Chinese saying, oh, okay, fine. We're just not going to buy American oil because we don't have to exactly. So there are other exporters. They're exerting that choice as of right now. It does not appear to be significantly cutting into the demand for US oil, but China has a large degree of buying power. Of course. Right, right. Rebecca Elliott running on. Energy oil and gas for the Wall Street Journal, Rebecca thanks a lot. Thank you for having me..
Secret TSA program spies on unsuspecting passengers
"Ninety five thousand acres the death toll from that fire now at six the. Smoke is just so incredibly thick at, times it's hard to, see very far in front of your car I'm wearing a mask right. Now because. It's like sucking in a thick fog I'm up, in the mountains above reading but even. In writing this has been settling in and many people are wearing masks around town at times the ash has a. Lot of debris in it chunks of homes and trees. Burned ABC's Alec stone seventeen major fires, now burning in California and all the, fires are responsible for eight deaths throughout the state President Trump is threatening again to shut down the government if he doesn't get his border wall his. Tweet on Sunday morning reportedly, surprised congressional Republicans who believed any controversial measures like funding the border, wall would be held, until after the midterm, elections to avoid, a government shutdown Down TSA program known as the quiet skies program and critics are sounding the alarm over. It quiet skies allows the TSA to track the behavior of Americans both in-flight and once they land, ABC Stephen beard says it's concerning because these travelers aren't on any. Terror watch. Lists behavioral pattern recognition is a legitimate counter-terrorism, tool but it needs to be done by people who are highly. Trained in this, case it seemed like the TSA is just handing out checklists for their agents to look at particular personal. Traits the TSA says they follow individuals who may have suspicious erratic travel patterns in that quiet skies is not a surveillance. Program we're hearing from one of the women accusing les, Moonves says the head of CBS of sexual harassment. Writer dine Akhir goes spoke to National Public Radio. Claiming she didn't get work at the network because she rebuffed his invitation to a private. Dinner people think that we're trying to take these guys down and that is, loose Mikey status is so not. True it's about stopping this. Behavior does denies the Allegations you're. Listening to ABC news doors are.
EU braces for US to go ahead with steel and aluminum tariffs
"To do special make me smarts is gonna drop thursday afternoon about gdp are and all of that good stuff in like the fifteen seconds we have left molly let me ask you this how desperately your company's going to try to get around these rules i think pretty desperately i think some of the smaller companies are hoping that the focus will be on the bigger guys molly would the host mark place tech and with me a podcast we do the called make me smart thank you molly thanks we intentionally didn't lead the program with trade and china today because you just need a break from all of that every now and then right but also because there are only so many twists and turns in the us china trade story that it's easy to get distracted fact of the matter is though that there's a whole lot of trade news going on across the other big ocean our relationship with the european union is turning increasingly bitter over those steel and aluminum tariffs also because of the american sanctions against european companies that do business with iran from london marketplace's stephen beard has that one for the past few weeks europe hasn't sounded too conciliatory the eu has condemned us attempts to force reduction of european steel exports as blackmail and one of the most senior officials donald tusk last week delivered a stinging rebuke to europe's most important ally with like that felonies the eu will not negotiate with a gun at its head says a guard democray of the economist intelligence unit in london it will not make concessions in the hope that it's temporary exemption from the us steel tariffs will be made permanent europe is seething and not just about steel has strengthened its rhetoric in recent days note that the us is also reimposing sanctions against iran that could hurt european companies french oil giant total danish shipping firm mullah mask and german electronics company siemens have all indicated they'll pull out of iran rather than risk us sanctions the french had called on the eu to compensate the companies to keep them in iran about says it's a futile move eu doesn't have the financial resources campaign sade companies hate by us sanctions which only serves to increase the frustration but not all.
"stephen beard" Discussed on KQED Radio
"The city of manchester back in the eighteen hundreds back then to protect the farmers the british government imposed tariffs against imported grain they were called the corn laws and there's fascinating tale of how those laws got repealed it's an econ one prerequisite with lessons for today marketplace's stephen beard got that story for us starting with a tour of manchester this busy streets in the city centre stands manchester's most beautiful building in glorious sandstone with italianate arcades and richly decorated with carved figures it's not quite what you'd expect to find in the world's first industrial city a place once infamous for its smoke belching chimneys the building celebrates the birth here for big idea and says tour guide elizabeth simpering proclaims it with a bold inscription across the facade in big letters on the top eight says free trade hall and we we think that's probably the only building in the whole world that's named after free trade usually it's named after monarch so places or something like that manchester radical bunches free trade so it's written on our city the whole which today is a five star hotel was built in the mid nineteenth century to commemorate a victory victory for the manchester man they with the emerging class of merchants manufacturers and it was their fight in the eighteen forties against the british aristocracy that launched the movement against tariffs and trade barriers today is fast victorian cotton millet quarry bank south of the city is a tourist attraction tens of thousands of visitors come here and are bemused by.
"stephen beard" Discussed on Marketplace All-in-One
"When you support marketplace today your donation will be matched dollar for dollar dollar for dollar by our friends at the candida fund as a nonprofit news organization we're counting on your help so that we can continue to grow and getting better don't miss out on this chance to make your donation go twice as far become a marketplace investor today in whatever amount is right for you you do it by going to marketplace dot org one of the symbols of brexit is the uk's plan to drop its burgundy colored eu passport and instead issue a traditional british blue and gold document the hitch the contract to produce those new passports could be taken away from a british company and given to a franco dutch firm one brexit sporting politician has called it a national humiliation from london marketplace's stephen beard reports forget the fence he french name as the company's promotional video proudly declares is a two hundred year old british company with a global presence the foam makes pasta ten banknotes for dozens of countries including britain we'll committed and strategic to the british government so imagine the shock and dismay when delleri was told it would not be printing the new post brexit british passport chief executive maltin sutherland the knee blew possibles is an icon of british entity but now this kind of british identity is going to be manufactured in froms not only as delarue losing seven hundred million dollar contract he says the company's reputation has been damaged as it prepares for the free trading opportunities after brexit only thing the british government should be supporting british business in the post brexit will then this decision doesn't do that but british government minister matthew hancock pointed out the uk is still bound by european union regulations there's a set of rules that apply to government procurement to make sure we get good value for money and the rival francodutch bid undercut della roux's saving uk taxpayers one hundred and seventy million dollars richard thais pro.
Mark Zuckerberg refuses to testify before British Parliament
"While it's not yet clear whether facebook ceo mark zuckerberg is going to testify before congress of his own volition cnn reported today the company is strategizing about possible testimony but seibert did say thanks but no thanks this morning to the british parliament's media committee offering to send deputies instead we it stephen beard in london get some context on the european part of this story hello steven hello chi so quickly what is this committee i guess looking into data mining data manipulation and fake news eighteen invited mark zuckerberg to appear after the allegations surfaced about the fifty million facebook users whose data had been abused and exploited during the us presidential election the committee in fact had invited him to appear twice before and been rebuffed so it can't have been that surprised by rebuff number three nevertheless the lawmaker who chairs the committee said he was absolutely astonished berg was refusing to appear given the seriousness of the allegations and he urged the facebook boss to think again do you think zuckerberg has anything to lose by not getting on a plane and going over there they can't force him he could be declared in contempt of parliament and he might then have to reason with an official in stockings called the black rod however he's not a british citizen so he can't be compelled in reputational terms i suppose it's a little damaging but he's already suffered a lot of reputational damage on that side of the pond it's a interesting this because rupert murdoch also not a british citizen there was once summoned to appear before a parliamentary committee over the phone hacking scandal he actually did turn up but he got a bit of a mauling actually and as it happens a protest through a cream pie i remember that i remember that a happy experience but to that end right of absorber clearly wanting to be able to do business both in the uk and and in in the water european market what are the risks of you know in essence by thumbing his nose at the brits does he risk more swift and and substantive regulation of facebook and and all the rest tougher regulation is already on its way the uk information regulator is going to get additional powers very shortly a new e u y data protection law comes into falls in may with multi million dollar fines for companies that don't adequately protect data so the screws are already tightening a.
"stephen beard" Discussed on KCRW
"While it's not yet clear whether facebook ceo mark zuckerberg is going to testify before congress of his own volition cnn reported today the company is strategizing about possible testimony but zuckerberg did say thanks but no thanks this morning to the british parliament's media committee offering to send deputies instead recalled stephen beard in london get some context on the european part of this story hello steven a hello chi so quickly what is this committee i guess looking into data mining data manipulation and fake news eighteen invited mark zuckerberg to appear after the allegations surfaced about the fifty million facebook users whose day had been abused and exploited you in the us presidential election the committee in fact had invited him to appear twice before and been rebuffed so it can't have been that surprised by rebuff number three nevertheless the lawmaker who chairs as the committee said he was absolutely astonished there's aca bag was refusing to pay given the seriousness of the allegations and he urged the facebook balls to think again do you think zuckerberg has anything to lose by not getting on a plane and going over there well they can't force him yeah he could be declared in contempt of parliament and he might then have to reason with an official in stockings called the black rod however he's not a british citizen so he can't be compelled a reputational terms i suppose it's a little damaging about he's already suffered a lot of reputational damage on that side of the pond it's a interesting this because rupert murdoch also not a british citizen there was once summoned to appear before a parliamentary committee over the phone hacking scandal he actually did turn up but he got a bit of a mauling actually and as it happens a protest through a cream pie i i remember that i remember that happy experience.
Mark Zuckerberg apologizes for the Cambridge Analytica scandal
"Facebook founder mark zuckerberg has admitted that the social network quote made mistakes that led to millions of facebook users having their data exploited during the last presidential campaign a british firm cambridge analytica is at the center of the controversy a former employee has claimed that the company improperly accessed the facebook data of more than fifty million american users and that helped donald trump win the presidency from london stephen beard reports on the scandal engulfing a hitherto littleknown british company cambridge analytic or is a political consultancy advertising it proudly declares itself a major force in the business.
"stephen beard" Discussed on WNYC 93.9 FM
"From the european union this morning a full ten pages listing hundreds of american products that the eu might go after if president trump goes ahead with those tariffs that sheila and ana and i were just talking about some of them you know about others maybe not peanut butter cranberries sweet corn and ceramic statuettes shoes and various kinds of industrial glass the europeans are peeved from the european desk in london marketplace's stephen beard has more in brussels the threat of us tariffs on european steel was met with cold staccato fury it will hurt the opinion it will put thousands of european jobs in jeopardy we find out deeply unjust cecilia malmstrom the eu's top trade official she seethed over the claim that european steel exports to the us endanger american security we cannot see how the opinion fence and allies in nato can be a threat to international security in the us last this year the eu exported six and a half billion dollars worth of steel and a billion dollars worth of aluminum to the us making it the second largest foreign supplier after canada but canada's been exempted from tariffs so if they are imposed the e you could take the biggest hit and the hit says charlesdale the senior of the european steel association could be much bigger than just europe's loss of sales to the american market many of the same countries who are in the top ten of us exporters are the same who go to europe sample brazil and turkey and both large exports to the us they'll just turn the boat surrounded has changed the and trade deflection could have much much larger effect on the industries in the actual loss vic exports itself steel deflected from the us could pour into europe further depressing european steel prices the eu is fighting back hitting the us where it hurts in its icons so merican padro chevy do the liddy but the levy was dry the eu wants to slap a levy on your chevy your whiskey and you're ripe targeting americana the europeans are threatening their own twenty five percent tariff on imports of some of the us's best known products bourbon blue jeans and this harley davidsons were put on the list companies based in wisconsin home state of house speaker republican paul ryan in all american exports worth some three and a half billion dollars could be affected fairly obvious what the europeans are.
"stephen beard" Discussed on WNYC 93.9 FM
"Stephen beard in london steven all nato members are committed to hit a target of spending at least two percent of their gdp on defense spending at the us clearly exceeds that target bob many of the other twenty seven member states do not the us has complained for many years about the us having the bear the overwhelming burden of a military spending in this alliance some seventy percent trump however seems more serious about this issue he really does want the europeans to step up and pay out more jobs looking at world bank figures the us twenty fifteen spent according to their calculation three point three percent of our gdp notes course lower for the europeans but the europeans are spending more on defence yes i'm a last year it was up by some ten billion dollars this is actually to do with russia's intervention in ukraine than trump but there is a problem for many of the twenty seven other states hitting the target it would involve an extra in total hundred billion dollars of of spending this is not popular especially in a country like germany which would be required to spend something like an extra thirty two billion a year defense spending is not popular in germany this is an election year and this could become an election issue if president trump is insistent norrett marketplaces steven beard watching this from london thank you thank you david we're monitoring the meeting in vienna now of the opec oil producers cartel just now the financial times snapped with a headline the delegates have agreed to extend production cuts for nine more months this according to unnamed delegates oil traders.