17 Burst results for "Susannah Palmer"

"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 3 weeks ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Column Murphy there. And if you look at the Chinese currency, we're offshore right now. We're trading 6 spot 9 zero 8 5 against the greenback. So our weaker by around two tenths of 1%. In the states, fed chair Jay Powell will begin at his testimony to Congress on Tuesday that story from Bloomberg, susannah Palmer. Powell speaks before the Senate banking committee on Tuesday and the House financial services committee on Wednesday. He is expected to suggest interest rates will go higher than policymakers thought just weeks ago if economic data continue to come in hot. Recent data, including a series of strong reports on jobs, prices, and consumption have traders betting that the fed will hike beyond the 5.1% level officials estimated in December. We get the next big reading on the economy on Friday with the release of the February jobs report. Susanna Palmer Bloomberg daybreak Asia. Well, earning season in the U.S. is winding down a bit, but we still have a smattering of results likely in the coming week. We have a preview from Bloomberg's Charlie pellet. Retailers, gap, and Dick's Sporting Goods are set to report earnings against a backdrop of waning U.S. consumer confidence. Katrina Dudley is portfolio manager at the Franklin mutual series, and she says investors are looking at inflationary signals and whether companies are able to pass those costs along. The risk is, as we talk about earnings, is that this is the risk to margins that we see is that the fact that you've got these higher worker costs and if you've been a company, you may not be able to pass that on or sufficiently pass it along in terms of pricing, which will compression margins. Among the names reporting this week, spirits company Brown forman, cybersecurity company CrowdStrike and Ulta Beauty. In New York, Charlie pellet, Bloomberg, daybreak Asia. 32 past the hour as we update global news. A report issued at China's national People's Congress has Taiwan's reunification

Jay Powell susannah Palmer Senate banking committee House financial services commi Bloomberg Susanna Palmer fed Charlie pellet Murphy Katrina Dudley Franklin mutual series Powell Congress U.S. Asia Dick Brown forman CrowdStrike
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 5 months ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Chris Karachi. And I'm susannah Palmer in the Bloomberg newsroom. Twitter has started giving users who spend $8 a month on a subscription of verified checkmark just days after new owner Elon Musk floated the idea of a new verification system. Alongside the new verification system, Twitter is also promising to cut in half the number of ads subscribers C also coming soon are the ability to post longer videos and get priority rankings and replies, mentions, and searches the company said, Twitter blew is currently available only for users in the U.S., Canada, Australia, New Zealand, and the UK. Warren Buffett, who has long reiterated his love for insurance companies, took a painful hit on Berkshire Hathaway's underwriting businesses amid an increase in auto claims and the aftermath of hurricane Ian. Berkshire reported a $962 million loss on insurance underwriting in the third quarter. The worst quarterly loss in a year. Berkshire also reported a net earnings loss for the quarter of almost $2.69 billion driven by a $10.4 billion hit tied to its investment portfolio. As economic uncertainty hurt the markets. Max Reyes covers Berkshire Hathaway for Bloomberg news. It was a decent quarter, one that obviously is still feeling the effects of the market downturn. They reported a loss, but a lot of that is sort of accounting just tied to their equity investments. And a lot of analysts tend to discount that. So overall, I think sort of a mixed bag with insurance being one of the weaker parts of what we saw. The company repurchased $1.05 billion worth of shares in the period and is sitting on a cash pile of $109 billion. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna

Chris Karachi susannah Palmer Twitter Elon Musk hurricane Ian Berkshire Hathaway Bloomberg Max Reyes Warren Buffett Berkshire New Zealand Australia Canada Bloomberg news U.S.
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:55 min | 5 months ago

"susannah palmer" Discussed on Bloomberg Radio New York

"And I'm susannah Palmer in the Bloomberg newsroom, investors are facing another week of uncertainty as they try to figure out where to place bets with the S&P 500 down 25% with 11 weeks left to go in the trading year. And the ever present prospect of higher interest rates by way of the Federal Reserve. Some analysts still say stocks are the best place to put your money. Margie Patel is senior portfolio manager at all spring global investments. I think that basically equity still look very attractive because maybe one day the feds will say, well, that's we've done enough here. Let's stand back, compromise with inflation in the interest of growing the economy. And also the very strong dollar, that says to me more than anything, that tells you the strongest economy in the world is manifested in the strength of the dollar. So I think the U.S. is still a good place to be. Patel was interviewed on Bloomberg surveillance. Finance ministers and central bankers from the world's biggest economies were a little late with the chairs summary issued today by Indonesia, which leads the body this year. Normally, such a document is released within hours of the session but over the past week the finance chiefs clashed over a variety of issues, including Russia's invasion of Ukraine. So the statement was three days late. The statement said many members strongly condemned Russia's war against Ukraine and expressed the view that Russia's illegal unjustified and unprovoked war of aggression against Ukraine is in pairing the global economic recovery. A local New Jersey man is winning big this season on jeopardy. Ocean city native Chris panula is going down in the jeopardy history books following his 11th straight victory on Friday. It has racked up a total of over $356,000 during his winning streak. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries

susannah Palmer Margie Patel finance chiefs Federal Reserve Ukraine Russia Patel Bloomberg S Indonesia Chris panula U.S. Ocean city New Jersey
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 6 months ago

"susannah palmer" Discussed on Bloomberg Radio New York

"I'm Chris. And I'm susannah Palmer in the Bloomberg newsroom. Florida governor Ron DeSantis says the two flights transporting migrants from Texas to Martha's Vineyard, Massachusetts are just the beginning. Desantis said the move is to put this issue on the front burner for sanctuary cities who often don't directly bear the brunt of people arriving at the border. This comes after Texas governor Greg Abbott's decision to bust migrants to democratic lead cities, such as Washington, D.C., and New York. Goldman Sachs Group's 6 year foray into consumer banking, the unit dubbed a Marcus is the focus of a new review at the Federal Reserve. More from Bloomberg's Charlie pellet. Sources tell Bloomberg fed officials have been looking into the Wall Street giants online banking platform aimed at retail customers, those sources say for at least several weeks officials have been peppering Goldman management with questions and follow-ups in a process that is still continuing. By zeroing in on Marcus, the Central Bank is taking stock of a division that is relatively new and growing substantially inside a company without much history of dealing with the general public. Bloomberg's Charlie pellet when Broadway's longest running show was closing, the final curtain call for the phantom of the opera will be on for February 18th. Just days after commemorating its 35th anniversary. The show has played to 19 and a half million people. The dream of creating a miles long state park that stretches through Hudson and Essex counties may come to fruition this after governor Phil Murphy announced the acquisition of the rail line needed to make it happen. Governor Murphy announced the acquisition of 9 miles of abandoned rail lines formerly owned by the Norfolk Southern railway company to turn into what is dubbed as the Essex Hudson greenway, which will stretch from Jersey City to montclair. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. This

Bloomberg Charlie pellet susannah Palmer Ron DeSantis Washington, D.C. Goldman Desantis Texas Greg Abbott Vineyard Martha Massachusetts Chris Federal Reserve Florida governor Phil Murphy Central Bank Marcus New York Governor Murphy
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 8 months ago

"susannah palmer" Discussed on Bloomberg Radio New York

"And I'm susannah Palmer in the Bloomberg newsroom. As we have been reporting, Salman Rushdie is on the road to recovery that, according to his agent, Andrew Wiley. The announcement followed news that rushdie was removed from a ventilator Saturday, and had been able to talk and joke. Two days ago, the 75 year old author of the satanic verses suffered serious injuries in a stabbing attack at a lecture in upstate New York. Some of the world's largest fund managers are cutting pay and taking other steps to rein in costs. This amid market volatility that's seeing customers withdraw assets and stay on the sidelines. The Financial Times citing BlackRock's chief financial officer reports BlackRock plans to postpone hiring for more senior roles and fill other available positions with less expensive junior employees. The FT said state streets pay and employee benefits fell by 15% during the second quarter. T Rowe price group chief executive officer rob sharps said the fund plans to be cautious on which roles are filled for the rest of the year unless markets improve. Meantime analysts and investors are looking at where to place their bets for the upcoming week after four weeks of gains for stocks. Some are cautiously optimistic that the rally can continue and maybe even intensify. Linda dissol is senior equity strategist at Federated Hermes. I know that there's still too much cash on the sidelines and that the retail public has on the whole, not sold throughout any of this. There's still too much money being held. Too many people continue to ask me as I travel, what should I buy? Buying on the dip. Too much cash on the sidelines means that any chance of maybe fear of missing out on something, they may pile on. Linda dissol is senior equity strategist at Federated Hermes. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg

susannah Palmer Andrew Wiley BlackRock The Financial Times Salman Rushdie Rowe price group rob sharps rushdie Linda dissol Bloomberg Federated Hermes FT New York Susanna Palmer
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:39 min | 8 months ago

"susannah palmer" Discussed on Bloomberg Radio New York

"I'm susannah Palmer in the Bloomberg newsroom. New York City health officials are reminding you that polio is preventable through vaccine. And they are encouraging prevention of the virus that causes polio was found in New York City wastewater. And this is after being discovered in wastewater in rockland and in orange counties. Mayor Eric Adams has signed 6 bills aimed at expanding abortion access. We get the story on that from Bloomberg's Charlie pellet. His administration is seeking to bolster the city's status as a haven for women from states with severe restrictions on the procedure, the legislation includes a mandate for clinics operated by the Department of Health and mental hygiene to provide free abortion medication. It also prohibits the use of city resources to detain people for performing the procedure. Bloomberg's Charlie palette. St. John's university announced yesterday its Staten Island campus will close in the spring of 2024, this due to decreased enrollment. We get more about that from Bloomberg's Denise Pellegrini. Susanna, the university says the COVID-19 pandemic made a study decline at the Staten Island campus force, but as sailor also reports since the university will close its Staten Island doors in 2024. This means that juniors, seniors and graduate students, will still be able to complete their degrees there without issue. And the university says degree completion plans will be drawn up for current freshmen and sophomores. And this could all include financial assistance for them to finish their studies on the queen's campus instead. Susanna. Bloomberg's Denny's Pellegrini. Well, the S&P 500 marked a much watched milestone on Friday. It's gained back half of what it lost between its January peak and its low in June. The gauge has also logged its fourth consecutive week higher. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Suzanne Palmer. This is Bloomberg. This is masters in business with Barry red holes on Bloomberg radio. I'm Barry Rudolph, you're listening to masters and business on Bloomberg radio, my extra special guest this week is Ken. He is the chairman and founder of Graham capital management, an $18 billion hedge fund that is also one of the largest commodity trading shops. The firm was founded in 1994 and currently has about a 170 employees, Ken is responsible for managing the strategic investment of the firm's proprietary capital. He also sits on the executive and investment and risk committees, Ken was inducted into the futures Hall of Fame in 2005, can trope in welcome to Bloomberg. Thank you very much. Thank you for having me. I've been looking forward to this conversation. You guys run a very interesting shot, but I want to start with your background. You began to choose in the 1980s, tell us a little bit about those days. Well, you know, here we are at a very different place in time, so it's kind of cool to reflect back on what was happening in 1980. Like very different universe, right? Right. Well, for example, interest rates were 14%. When I started at cheers. And those were treasuries. We're not talking junk bonds. Yeah, no, no, no. In fact, I think we got as high as 20 early in my career. And so, you know, it was a very interesting time to begin, which I did as an account executive at chairs and then in 1982, dean recruited me to join them and to really start managing what was their fledgling hedge fund practice, which was really with the CTAs back in that year. And then it evolved into more macro style funds. So you eventually become director of managed futures at dean witter Reynolds. That's pretty early in the futures history, tell us a little bit about that here. Sure. It was an era where, you know, first of all, the markets were really inefficient, right? Right. So it was, it was very fertile to do what we do. Because markets moved a lot. There was a lot of volatility. And I think it's almost a polar opposite of where the world has been the last few years where volatility has been somewhat subdued and equities have been such a strong performer, but back in 1982, stocks were very quiet. They were in a trading range. Interest rates are super high. Markets are moving a lot. And there wasn't a lot of competition if you were a trader in that early part of the industry's history. So let's talk about that inefficiency for a moment. Today you want to hang a shingle or you want to open your own proprietary trading, it's very difficult to find an edge and consistently make money. Back in the 1980s, that wasn't necessarily the case. Yeah, I mean, relatively simple trading systems made money. And, you know, they had volatility, and people were okay with volatility because everything was volatile back then. And so it was relatively straightforward because I don't think generating consistent profits has ever been something that's so straightforward or so easy. But on a relative basis, it was easier. And of course, when you have a young industry, that's a great time to get involved. You had to say the very least. So after dean would have Reynolds, you end up as CEO of John Henry and company, tell us a little bit about that experience. Yeah, John was one of our managers that we had our clients invest in. And in 1989, he and I explored me leaving wetter to join his pharma CEO, his company was in California at the time. I wanted to be on the east coast. We moved the firm to Connecticut and I was there for about four and a half years. And then he and I saw things differently in 1993 and a part of the company and had a lot of time to think about what I wanted to do And ultimately decided I wanted to start up my own fund and that's how Graham got underway in the spring of 1994. So we're going to talk a lot

Bloomberg susannah Palmer Bloomberg newsroom polio orange counties Mayor Eric Adams Charlie pellet Department of Health and menta Charlie palette St. John's university Denise Pellegrini COVID Susanna Staten Island Staten Island campus Denny's Pellegrini New York City Ken Suzanne Palmer Barry red
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 9 months ago

"susannah palmer" Discussed on Bloomberg Radio New York

"In the streets. I'm Brad Steve. And I'm susannah Palmer in the Bloomberg newsroom. Chinese developers group holdings limited said it didn't pay a $1 billion note that matured today, adding to a record year of offshore Bond delinquencies in the sector. The luxury builder said in a Hong Kong exchange filing, it also hasn't made principal payments involving some other offshore debts and has been in discussion with creditors, while trying to reach quote amicable resolutions. An Atlantic City strike has been averted, the hard rock casino reached a tentative agreement with local 54 of unite here, Atlantic City's main casino workers union on Saturday. That removes the last threat of a strike during this busy holiday weekend. General Motors expect second quarter sales and profit to take a hit due to supply chain problems. But the automaker said it can make up for delayed production later this year and reaffirmed its full year guidance. David Welch is Bloomberg's Detroit bureau chief. I know car companies are still making good profits because they're charging so much for these vehicles. And that's a reason I think white GM reaffirmed full year guidance, but they told us the second quarter was going to be rough because they've got these vehicles that they've built so they paid the wages and they paid for the part, but they can't sell them. But they're saying they can get it done by the end of the year. Bloomberg's David Welch, there. A birkeland man accused of stalking Taylor Swift at her Manhattan home faced a quarter appearance on Saturday. We get more about that from Bloomberg's Denise Pellegrini. Joshua Christian of crown heights is accused of sneaking through the unlocked door of one of swift's Tribeca homes and making threats at another New York home in incidents reported in March and June, and he is also said to have shown up at swift's Tennessee home. The daily mail reports Christian demanded he be allowed to ditch his court appointed defense lawyer and instead represent himself during yesterday's testy arraignment hearing, and the New York Post reports Christian was arrested Friday. Bloomberg's Denise Pellegrini. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg

Bloomberg Brad Steve susannah Palmer Chinese developers group holdi Atlantic City David Welch General Motors Denise Pellegrini birkeland Hong Kong Joshua Christian Detroit crown heights Taylor Swift Manhattan The daily mail Tennessee New York New York Post
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:32 min | 10 months ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Moda go to winner of the 154th Belmont stakes the three year old colt had the best odds to win the Triple Crown horse race at Belmont park New York Kentucky Derby winner rich strike finished dead last A couple of positive COVID tests in his bandmates has caused a delay in the Ringo Starr concert the former Beatles saying yesterday unfortunately the concert in Providence and other summer tour dates are being postponed The band was to have played tonight at the Providence performing arts center I'm Scott Carr And I'm susannah Palmer in the Bloomberg newsroom Federal Reserve policymakers will set interest rates on Wednesday and a half point rate increases all but certain the fed's economic projections and dot plot along with chairman Jerome Powell's post meeting news conference will provide some clues on how much further the Central Bank intends to go in this tightening cycle Rudy Giuliani was one of Donald Trump's primary lawyers during Trump's failed efforts to overturn the results of the 2020 presidential election Now a disciplinary branch of the District of Columbia bar says the former New York mayor must answer to professional ethics charges for that role Bloomberg's days Pellegrini has more Susanna this is the latest career slap after earlier law license suspensions in New York and in Washington the office of disciplinary council filed these new charges alleging Giuliani promoted unsubstantiated voter fraud claims in Pennsylvania At issue our claims that Giuliani made in supporting a Trump campaign lawsuit seeking to overturn the election results in Pennsylvania That sought to invalidate as many as one and a half million mail in ballots It was dismissed by courts Bloomberg Denise Pellegrini Another COVID lockdown in Shanghai over this weekend Bloomberg's Greg Jarrett reports the lockdown is expected to be brief There's been another run on groceries with this announcement The plan emerged from one area with just a handful of cases and spread in hours to 15 of the financial hub 16 districts It encompasses almost all of the city's 25 million residents as health officials used testing to root out any silence transmissions of the virus which they say is a key tool in China's COVID zero arsenal Bloomberg's Greg Jarrett The 75th Tony Awards are being handed out today at Radio City Music Hall some 34 shows that opened between 2020 and 2022 are vying for awards Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg.

Belmont park New York Kentucky Providence performing arts cen Scott Carr susannah Palmer Bloomberg newsroom Federal Res Jerome Powell Moda Ringo Starr office of disciplinary council Bloomberg Giuliani Greg Jarrett Providence Rudy Giuliani Denise Pellegrini Donald Trump Pellegrini Central Bank Pennsylvania New York
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Asking the administration to do this on its own through regulation Someone will challenge it in court but I think the law will stand Schumer referenced a teen shooting death this past week outside of Bronx high school police say a 17 year old suspect may have used a ghost gun Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg This is Bloomberg daybreak weekend But look ahead of the top stories in the coming week from our daybreak anchors all around the world just to handle the program Inflation How bad is it really And how much worse can it get I'm John Tucker in New York I'm Amy Morris in Washington with more historical perspective into Russia's war in Ukraine I'm Brian Curtis host of Bloomberg daybreak Asia is China prepared to change its strategy on COVID I'm counting hecker here in London where we're looking ahead to the ECB's crucial rates decision That's all straight ahead on Bloomberg daybreak on Bloomberg 11 three O New York Bloomberg 99 one Washington D.C. Bloomberg one O 6 one Boston Bloomberg 9 60 San Francisco Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business app Hi everybody I'm John Tucker and we begin today's program with a look at inflation and joining me now to talk about it get initial itaba with.

Bloomberg Bronx high school police susannah Palmer Amy Morris Schumer Brian Curtis John Tucker Washington D.C. hecker New York Ukraine Russia ECB Washington Asia China London Syria Boston San Francisco
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:59 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Is a special report the Russian invasion of Ukraine a Ukrainian negotiator says draft peace treaty documents could set the stage for direct talks between Russian president Vladimir Putin and Ukrainian president zelensky According to the negotiator the Turkish president was in contact with both Russia and Ukraine yesterday and he appeared to confirm a meeting between zelensky and Putin could happen in the near future The U.S. is expected to aid in the transfer of Soviet era tanks to Ukraine That's according to The New York Times officials familiar with the plan have declined to comment on how many tanks will be sent to Ukraine or when Reporters on the ground in Ukraine say Russian forces are mining homes and bodies as they're being forced to retreat from Kyiv calling it one of the tactics in Russia's dirty war against Ukraine NBC correspondent alia ruzi said such booby trapping make cities like Kyiv a very dangerous place to come home to for civilians This has been a special report the Russian invasion of Ukraine I'm Julie Ryan And I'm susannah Palmer in the Bloomberg newsroom Tesla delivered a record 310,048 cars worldwide in what Elon Musk said was an exceptionally difficult first quarter This as a growing tide of consumers made the switch to electric vehicles The results today slightly edged out expectations fluctuations in COVID-19 infection rates and rules worldwide continue to impact logistics and supply chains The automaker also temporarily suspended production at its Shanghai factory beginning last month after the city enacted a lockdown over its worsening coronavirus outbreak Federal Reserve bank of New York president John Williams is weighing in today on inflation In remarks prepared for a speech in Princeton Williams said inflation risk in the U.S. is particularly acute This says he reaffirmed the Central Bank's guidance that it would keep on with a series of interest rate increases to keep price pressures under control But we're hearing KKR and company plans to drop its $11.9 billion takeover proposal for telecom Italia As if the former phone monopoly doesn't grant it the due diligence it requested since last November according to people familiar with the matter The U.S. investment firm will make clear that it wants to review the phone carry as finances even more than before The International Monetary Fund says it's too early to talk about the risk of a recession in the U.S. where growth is likely to remain positive for the near future even as it slows down The story from Bloomberg's Charlie pellet The IMF says Russia's invasion of Ukraine has delivered a sizable shock to the global economy that will challenge policymakers to tame inflation without quashing growth The IMF is in the process of updating forecasts at last issued in January and a set to publish the results in its world economic outlook scheduled for April 19th during its spring meetings Charlie pellet reporting global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg.

Ukraine zelensky Kyiv alia ruzi susannah Palmer Julie Ryan Russia Vladimir Putin U.S. Princeton Williams Putin Elon Musk The New York Times Tesla NBC Federal Reserve bank of New Yo IMF John Williams Charlie pellet
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Dina kodiak And I'm susannah Palmer in the Bloomberg newsroom China evergrande groups onshore units said it received bondholders approval to delay coupon payments on its yuan denominated bond Not according to a statement on the Shenzhen stock exchange late today The delay won't trigger a default on the bond according to the approved proposal The arrangement may help evergrande avoid another round of negative headlines but it's unlikely to calm concerns about the company's long-term financial health As we have been reporting the next stop for Jersey City Saint Peter's peacocks on their March Madness march will be the winner of today's matchup between number three Purdue and number 6 Texas The peacock's upset 7th seeded Marie state last night 70 to 60 coach shaheen Holloway says his team wasn't intimidated by Marie state I got guys from New Jersey and New York City You think we scared anything Did you think we brought about God trying to muscle us and tough us out We do that St. Peters will have a chance to become the only number 15 seed to reach the elite 8 Some New Jersey lawmakers want to harness the power of the ocean's waves to create a new source of clean electricity and several companies say they are eager to build projects there Assemblyman Robert Caribbean check plans to introduce legislation soon that would add wave energy to New Jersey's energy master plan The practical effect of doing this would be to open up funding sources for wave energy projects Wave energy involves capturing the kinetic energy of waves as they affect a solid object such as a buoy or a floating plate There are several types of technology used in the industry and equipment can be used near shore or in deep water But important questions remain including the technologies long-term affordability its impact on the environment and how New Jersey and would react to floating buoys near the shore to these Pellegrini Bloomberg radio We get more about that from Bloomberg's Denny's Pellegrini Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg This.

Dina kodiak susannah Palmer onshore units shaheen Holloway New Jersey Marie Bloomberg Shenzhen Assemblyman Robert Caribbean Saint Peter Jersey City Purdue St. Peters peacock China New York City Texas Pellegrini Bloomberg Denny Susanna Palmer
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:55 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Biden says the second the U.S. were descended in any sort of American forces to fight in Ukraine It would mark the start of World War three speaking to House Democrats in Philadelphia Friday the president said the U.S. does have a vital obligation however to defend other NATO countries While cities across Poland say they're full of Ukrainian refugees fleeing the invasion the mayor of Poland's second largest city Kraków is asking for help to move refugees to less populated areas of that country Ukrainian president volodymyr zelensky is calling the detention of one of Ukraine's mayors at crime against democracy video surfaced Friday of mela topol mayor Ivan fedorov being led away by Russian armed men from a government building before being accused of terrorist offenses by a Russian backed regional prosecutor zelensky calls the detention a sign of the weakness of the invaders and a war crime that goes against the Geneva convention which prohibits civilian hostages This has been a special report the Russian invasion of Ukraine I'm Scott Carr And I'm susannah Palmer in the Bloomberg newsroom Sloppy Saturday in the works for New Yorkers as a storm system is expected to move into the area hitting the 5 boroughs with snow sleet rain and wind No major snow accumulations are anticipated but it'll be messy 7 college students on spring break and Fort Lauderdale Florida are hospitalized ABC reports they suffered apparent overdoses from cocaine laced with fentanyl On Friday local ten news confirmed that West Point cadets were part of the group Ukrainian foreign minister dim pro kuleba met with Russian foreign minister Sergei Lavrov on Thursday and tells Bloomberg he doesn't see the progress in Russian Ukrainian talks cited by president Vladimir Putin on Friday Well I see that the Russian army is still in Ukraine They continue destroying the status killing the children civilians and it speaks for one fact only that even we continue talking with Russia That does not have an impact on the behavior of Russian army on the ground Culebra was interviewed on Bloomberg markets European clothes Deutsche Bank has reversed course and is now joining Wall Street banks Goldman Sachs and JPMorgan Chase in pulling back from business in Russia following Russia's invasion of Ukraine The story from Bloomberg's Charlie pellet The Frankfurt based bank put out a statement saying quote like some international peers and in line with our legal and regulatory obligations we are in the process of winding down our remaining business in Russia while we help our non Russian multinational clients in reducing their operations The German lenders turn around follows moves by JPMorgan the biggest American bank which said last week it's currently engaging in limited activities in the country and Goldman Sachs which said it plans to close its operations there Charlie palace Bloomberg radio Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is.

Ukraine House Democrats Kraków volodymyr zelensky mela topol Ivan fedorov zelensky Poland Scott Carr susannah Palmer U.S. Bloomberg Sergei Lavrov Biden Russian army NATO Russia Philadelphia New Yorkers Geneva
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Dina kodiak And I'm susannah Palmer in the Bloomberg 9 60 newsroom Partly sunny and Reese across the Bay Area today in a high up near 60 Mayor Lyndon breed speaking today on NBC's meet the press said she understands why parents in the San Francisco unified school district were angry and recalled three school board members last week She says board members were focused on the wrong priorities and didn't work hard enough to get kids back to school They were focusing on other things that were clearly a distraction not to say that those other things around renaming schools and conversations around changes to our school district weren't important but what was most important is the fact that our kids were not in the classroom Breed added that San Francisco private schools were open even when public schools couldn't get it together She says there's a lot of work to do and the focus needs to be brought back to children and she will be appointing some additional school board members to do that Governor Gavin Newsom today described the new pandemic plan he released last week as a more sensible and sustainable approach that would lead the state out of crisis mode now that omicron cases have dropped significantly and many residents were eager to move on His comments on MSNBC followed an announcement from state officials last week about a next phase plan which would prioritize strategies such as coronavirus vaccination and stockpiling supplies while easing away from emergency response measures like mask mandates A group of democratic lawmakers in California proposed a new tax which they said could extract billions of dollars from the state's wealthiest people Inside a reports the bill introduced by assembly member Alex Lee of San Jose would affect all households with net worth of more than $50 million with a 1% annual wealth tax It has a second higher rate of one and a half percent for households worth more than $1 billion Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg.

susannah Palmer Dina kodiak Mayor Lyndon San Francisco unified school d Governor Gavin Newsom Bloomberg Reese Bay Area NBC San Francisco MSNBC Alex Lee California San Jose assembly
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:26 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Sunday So over the moon to have landed that talks about them I'm Scott Carr And I'm susannah Palmer in the Bloomberg newsroom An off duty New York City police officer was shot in the foot Saturday as he was leaving a vigil at a Manhattan community center It was the 7th time and NYPD officer has been shot this year The shooting happened around four 30 p.m. near Broadway and 138th street in the borough's manhattanville neighborhood The officer was taken to Mount Sinai morningside hospital in stable condition and is expected to make a full recovery No arrests have been made In the week ahead investors will continue to position themselves for what they think the Federal Reserve will do with regard to interest rates Brad McMillan is chief investment officer at Commonwealth financial network The fed came out and said yes we are going to raise rates and the market reacted And then the market took back took a step back and said but wait a minute the economy is really doing well So earnings are going to be fine valuations are a little bit lower but on the whole onward network And I think that's where we're going On Thursday we get inflation data in the form of the consumer price index for January We'll have America's workers are ready to pile pressure on their employers as they play a risky game with their bosses the story from Bloomberg's Charlie pellet They have spent the past two years heating their bosses and the pandemics unprecedented demands they have watched products disappear from shelves inflation surge and their paychecks purchasing power shrink According to a nationally representative survey conducted by the Harris poll for Bloomberg news America's workers now want more much more about 55% say they are likely to seek out job offers from other companies to get raises of their current firms Charlie pellet Bloomberg radio Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg This is the Bloomberg business of sports show re explore the big money issues in the world of sports and Michael Barr I'm scarlet Phil And I'm Mike Lynn Can he cross the line first In his own I remember seeing that I can't say what I said at first because I'm like oh my goodness gracious and I'm sure you've heard that before he is the most decorated winter Olympian in U.S. history That was Hall of Fame short track speed skater Apollo Ono capturing the gold at the 2006 Winter Olympics in Italy and we are pleased to have him on the show Thank you for joining us Thanks for having me The first thing I have to start any athlete in the Olympics Literally the world is watching I can't imagine the pressure that is on any athlete at that time Well there's a tremendous amount of pressure I think for every athlete but there's also I think a tremendous amount of joy and happiness that they have trained so hard They have made this Olympic team and now metaphorically speaking to kind of ripping open the curtain to show the world and themselves all of that hard work and dedication in that split moment in time So while I think that there's obviously a ton of external pressure that we've seen that kind of leaks into the athlete mentality but really most important is that the optics are there and they've been through this process before The ice rink is exactly the same as it was two years ago one year ago three months ago There's nothing that's actually changed in mechanically but I think we do definitely host this competition on a bicycle And because of that it feels like a decade or sometimes two decades is really teetering on this moment in time that only lasts 40 seconds long Also part of the game is when you win and you get a gold medal put around your neck You get lots of opportunities to monetize However we're in a situation now where athletes travel all the way to China They may test positive They may be in quarantine when they're supposed to be competing That takes away that possibility for them to get those endorsements How do you think that plays out I mean how much of that is part of an Olympian's journey I think the cold hard truth about the Olympic journey is not really been financially incentivized in the same way that perhaps many other professional sports are You're absolutely right when an athlete goes through with the games and something happens that perhaps is outside of the control They get sick they test positive Something weird happens where they're just not on their game And then you take that dickhead long Sacrifice and dedication And at least from an outside perspective looks like it's gone forever And there's no real value there And so it is tough right A fleeting window in which an Olympic athlete wins a medal and then goes on television shows does the media circuit is celebrated by Brad's embraced by Americans all over the country Seems to at least from the data we've seen be getting shorter shorter And by the way that 15 minutes of fame was really short before I was very blessed in my career to be able to receive a lot of that.

susannah Palmer Scott Carr Manhattan community center Mount Sinai morningside hospit Bloomberg Brad McMillan Commonwealth financial network Charlie pellet Bloomberg news America Federal Reserve Charlie pellet Bloomberg radio Michael Barr scarlet Phil Mike Lynn Apollo Ono NYPD U.S. New York City Winter Olympics
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Now the rest of the album unlimited love is now set to drop April 1st It'll be the chili's first studio album since the getaway nearly 6 years ago And the band's first release with guitarist John frusciante since 2006 the band's upcoming global stadium summer tour slated to kick off in Denver in July I'm Scott Cohen And I'm susannah Palmer in the Bloomberg newsroom A new memo issued Friday by Manhattan district attorney Alvin Bragg staked to out clearer positions on guns in the city We get more about that from Bloomberg's Denise Pellegrini Bragg says most gun cases in the city will be prosecuted as felonies And this will include he says instances where a gun or other weapon such as a knife is used to rob a business And this walk back on policy cited in Bragg's day one memo comes after critics accused him of being soft on crime Bregman with governor Cathy yesterday And after their meeting hoeke said the conversation was productive And she said she'll continue to work with Bragg and other district attorneys to restore sense of security and enforce laws Denise Pellegrini Bloomberg radio A crazy mess of jobs data had economists getting it wrong again on the monthly jobs report We get the story on that from Bloomberg's Charlie pellet It was a tough report to call the U.S. did add 467,000 jobs in January above all estimates but a cron and seasonal adjustments made this report particularly hard to predict But it wasn't just last month the median estimate has missed by an average of about 95,000 in the past year before revisions versus less than 20,000 in the 6 months through March of 2020 Charlie pellet Bloomberg radio Meantime the problems playing out on U.S. factory floors look likely to persist into the second half of the year That is the message from the heads of lumber producers and makers of air conditioners to home builders and a peril manufacturers Recent corporate earnings calls have highlighted effects that are hurting companies ability to meet demand including labor and supply shortages transportation bottlenecks and the coronavirus Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg.

susannah Palmer Alvin Bragg Bloomberg radio Denise Pellegrini Bragg Charlie pellet Bregman governor Cathy Bragg hoeke Scott Cohen John frusciante Bloomberg Denise Pellegrini Manhattan Denver rob U.S. Susanna Palmer
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:12 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Concert last night the 28 year old whose real name Darryl Caldwell was reportedly stabbed at the neck backstage at the once upon a time festival organizers had to pull the plug on the show early I'm Scott Carr And I'm susannah Palmer in the Bloomberg newsroom President Joe Biden is set to warn the nation about remaining unvaccinated in a speech Tuesday as the omicron variant of the coronavirus spreads New York State reported 21,908 cases on Saturday breaking a record for the entire pandemic for a second consecutive day New reported on Macron cases in the UK tripled in a day with experts saying England almost is certain to be suffering hundreds of thousands of daily cases of the new variant London was put under an emergency alert as the UK government was reported to be considering a two week ban on people in England gathering indoors The final Saturday Night Live episode of the year last night had to make changes for the spike in COVID-19 cases There was no live studio audience and the musical guest Charlie X CX had to drop out because of limited cast and crew Goldman Sachs says $100 barrel oil can not be ruled out in 2023 as supply additions are expected to be too slow to keep up with record demand The story from Bloomberg's Shirley pellet Goldman says while the bank's base forecast is for Brent to stay around $85 next year and 2023 it could breach triple digits through either higher cost inflation for drillers or if an unexpected supply shortfall forces prices to spike high enough to destroy demand The bank sees the recent sell off as overdone on unnecessary concerns about a related restrictions and expects investors to buy the dip once asset managers reallocate money next year Charlie pellet Bloomberg radio Buck showalter has been hired as the New York mets manager bringing him back to the Big Apple to take over his 5th major league team Metz owner Steve Cohen announced the move yesterday afternoon on Twitter Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg.

Darryl Caldwell susannah Palmer Scott Carr Bloomberg newsroom Joe Biden England Shirley pellet Goldman UK Goldman Sachs New York Bloomberg London Charlie pellet Brent Buck showalter New York mets Steve Cohen Metz
"susannah palmer" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:10 min | 1 year ago

"susannah palmer" Discussed on Bloomberg Radio New York

"Minora title Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm susannah Palmer This is Bloomberg This is masters in business with Barry Reynolds on Bloomberg radio My special guest this week is Steve fratkin He is the president of Northern Trust wealth management running about $355 billion in assets They serve about one in 5 of the wealthiest families in America Previously Steve ran the corporate and institutional services he was head of international business for Northern Trust as well as the firms chief financial officer Steve fratkin welcome to Bloomberg Thank you very great to be here So you spent your entire career at Northern Trust having joined in 1985 how do you make the leap from really CFO to president which to me I think of president I think of someone who's running like a CEO running a division what were the challenges of that transition Well that's a great question And careers are mysterious experiences The bigger mystery really vary was the move to CFO So I joined Northern Trust as a youngster didn't know what I wanted to do Worked my way through a variety of entry level jobs Ultimately culminating at that point in running our growing international business and loving it traveling the world clients in Asia Europe the Middle East Africa South America really fun and interesting stuff And was asked at that point to service CFO which was the unnatural job was not a controller was not a treasurer and so serving as CFO of a large public company was shall we say traumatic when they asked But did that for 6 years including through the global financial crisis and it was at that point I went back to doing what I normally do which is running businesses I ran our corporate institutional services business and then after that wealth management Really interesting I want to stay with the success of Northern Trust You're one of the biggest ultra high net worth investment managers but relative to your size you guys kind of fly under the radar Why is that Well you know it's an interesting question Barry the so in terms of size we're in the top 20 banks in the country as measured by our balance sheet But really the better marker of our size is the assets that we manage and the assets that we administer for clients and we're a very quiet company We don't do lots of big acquisitions We do the same thing today that we've been doing since 1889 serving the same clientele And so we're a very focused institution A little over half our profits come from the provision of services to wealthy families in America and around the world In the other half come from essentially providing the same services but to large global institutional investors and wealth funds pension funds and the like And so we're a quiet company that has been extraordinarily successful and consistently so for many many years So we're proud of what we've got but we fly under the radar screen screen intentionally to just keep a low profile and stay focused on our clients And that would make sense given the nature of your clients who are less Instagram stars and more quiet wealth is that a fair way to describe it Yeah today we serve a little over 30% of the Forbes 400 wealthiest Americans and obviously many other affluent families And interestingly Barry sometimes people think of Northern Trust in its wealth management business as focusing on or serving multi generational well healed families and that's true We certainly serve many of those But there are many entrepreneurs in Silicon Valley in New York in Miami in Dallas in all over the country and all over the world And if there's one thing I've learned in being here it's that wealth has created in a lot of mysterious ways Let's stay with that because I was just involved in a conversation recently about the amount of wealth that has been created over the past couple of decades wherever you look especially in the United States it seems that people are coming up with new ideas new technologies new just even business processes that if you go back to the 90s I don't think people could have imagined the sort of things that are generating the massive amounts of wealth that we've seen And I'm not even talking about NFTs or things like that I mean businesses with clients that are just doing tens of millions of dollars of revenue a year Well I think the fascinating thing that I think we see is that wealth can be created in a lot of different ways And I think you're right As the world has sped up the wealth creation has sped up too Two caricature it It used to be you would start a business in your garage and Louisiana and over time you would build a vacuum cleaner or whatever it happened to be and you would start selling it from a store and it would have a second store and the next thing you know you have a big business that you never envisioned having Today that phenomenon still absolutely happens But it also happens with the power of the Internet that the pace at which companies in some industries can grow and accelerate has really multiplied Quite interesting Coming up we continue our conversation with Steven frattin president of Northern Trust wealth management discussing the challenges of operating joining the pandemic You're listening to masters in business with very rid holds on Bloomberg radio.

Steve fratkin Northern Trust Bloomberg Bloomberg radio susannah Palmer Barry Reynolds Northern Trust wealth Middle East Africa United States Barry South America Steve Asia Europe Silicon Valley Miami Dallas New York