35 Burst results for "Three Percent"
The difference between implicit bias, systemic bias and unconscious bias
"There a difference between implicit bias, unconscious bias and systematic bias. How interchangeable are they? What's your? What's your take on that? Yeah. So these I mean the three of those, it's accession it fascinating because the three of us we often. Use Them interchangeably but they're actually very very different and it's so funny when you mention even subtle differences like Duke versus UNC, right what I talk about in a lot of my research and what I studied, how these really subtle differences that. So much of success outcomes are determined by these subtle signals and cues in stereotypes and perceptions even something like I mean, it sounds funny. But the the color blue and seeing the difference between Duke Blue Versus Carolina blue immediately there's some sort of a reaction that happens but if we take that into the business world, for example, you know Marissa Mayer was Famously when she first started, Google spent a long period of time because she had this hypothesis that people would click through ads at a certain rate for storage shade of blue. So she spent a week or two just testing blue number twelve versus blue number fifteen, blue fifteen versus blue number twenty and found that there is one shade of blue that people were more likely to click through I. Don't know two or three percent more likely to click than others, and it may not sound like a huge percentage when you're selling ads for millions and billions of dollars that two percent can really make a difference. So even something like that he settle signals and cues but back to your original question. The ways in which these these signals and cues are enacted means the difference between unconscious and implicit and systemic sort of bias Sufi. Think about bias from this holistic sort of. This holistic continuum there's buys it's sort of over right. We know that you discriminate or your biased against someone based on how they look right but there's also bias that for example, I give you example imagine you're playing this board game a board game and you know you have no idea that that that every time you roll the dice, you're rolling affair of dice and your opponent every time. They're rolling the dice rolling in unser here of dice where they for some reason always gonNa roll lower numbers and you're playing this game and the whole time you're playing this game you're winning and you never see that the dice that you're rolling are different of dice than than your opponent and so when you go at the end of the game and you win, you're not really aware that there. Was Systemic sort of bias that that you that your success was due to something that was just in the system right? You one form of bias. Another former buys is that perhaps you unknowingly once of dice are red and once it of dice or blue, and the pollution of dice are the ones that are always going to be the ones that rule the lower number and so implicitly you're. Sort of you're told or you were taught like the red dice are always better just tried get those but you have no idea why and so every time it's your opponents turn you hand them the blue set of dice, right? So you're implicitly biased against because you somehow think that the red dice are better and and that you and so and so there's sort of this unsteadiness built in. Through what you've been taught or through what you've sort of known and so there's sort of this implicit also like subconscious to some extent subconscious, there is much more. You have no idea why you weren't taught that read was better than blue but for some reason, you realize that was always going to roll better than blue and so it's not this told you to always give blue to the. Opponent, but you just naturally always give the blue to the economy and make sure that you get the rats. So there's all these different forms of bias that exists and so sometimes I'd give that example to kind of straight the really small differences that exist between these types of
Impact on workers of COVID-19 is ‘catastrophic’: ILO
"Covid. Nineteen has had a catastrophic impact on workers the head of the International Labor Organization Ilo said on Wednesday with lost working hours higher than originally forecast and equivalent to four hundred and ninety five, million full-time jobs globally in the second quarter of the year. The bleak news from Ilo director-general Guy Ryder, coincided with an updated media forecast from the UN body lower and middle income countries have suffered most with. An estimated twenty three point three percent drop in working hours equivalent to two hundred and forty million jobs in the second quarter of the year workers in developing nations also seen their income drop more than fifteen percent Mr. Rider told journalists in Geneva the greatest impact was in low and middle income countries. On top of this, these are faces where there are the weakest social protection systems. So there are very few resources or protections for working people to fall back upon. You. Look at it. Regionally, the America's with worst-affected withdraw in labor incomes of just over twelve percent twelve point one percent Mr Rider highlighted that while the governments of rich countries have short up their economies with hundreds of billions of dollars poorer nations have been unable to do the same without such fiscal stimulus working hours. Losses would have been twenty eight percent between April and June instead of seventeen point three percent he insisted.
Mozambique insurgency fuels fears of humanitarian crisis
"Escalating conflict linked to an insurgency in Mozambique's Kabil Gotto province has forced hundreds of thousands to flee likely prolonging crisis levels of food insecurity there in an alert, the World Food Programme WFP said on Tuesday that well, over three hundred, thousand people have been displaced inside the gas rich province many thousands more have fled into neighboring provinces and Tanzania amid ongoing clashes between government forces and armed groups. Here's WFP spokesperson, Thompson Fury Speaking Engineer. The number of displaced people has tripled over the last few months amid growing insecurity. Also, many of those that we have been assisting either couple do Gado in. They have nothing but W B, food assistance. The situation is linked to an insurgency that began in two thousand seventeen WFP said amid reports that Islamic extremists continue to hold key locations after attacking a number of towns. In recent months, these have claimed lives and damaged infrastructure that was already severely affected by cyclone Kenneth in two thousand, nineteen through an agency noted more than one in two children in Colorado under is chronically malnourished while above the national average of forty three percent today WFP provides food assistance to nearly two hundred thousand people in the province it is stepping up to reach more than three hundred thousand, but it has warned that without continued funding assistance may have to be cut.
Bitcoin Dominance Increases
"Trading. Wise. It nothing really neglected the markets and the felt damn good. Every day just tighten awakened away from from the shots was read honest refreshing thing and it's brought me into position now feel better about looking at once again. Yet. So it's been good as far as the mangams consent of talking about eleven thousand, one, hundred, twenty dollar mock around that region, which was the also pull level as before the the full bitcoin fell and you know we we have found resisted that level. We bounced off it on. What was Saturday. Pullback yesterday we're up point four, percent yesterday were down one point five percent. We actually close the wake up five point, seven percent, which is a pretty good week following on that cradle break it's a, it's a good week No complaints from me at all the markets have been a little bit slow for the traders. There was a couple of good trades on the I think it was five, four hour las not. The showed up It was at six PM Bob Wilson. Wasn't. So I wasn't there They look quite good. Right now, I was sitting at ten, thousand, nine, hundred, sixty, two save push up through the high that was created on. Saturday. Leading thousand, one, hundred, ninety, five. Thousand two hundred, we got three there, and hopefully we can say goodbye to that resistance and get a good run on get some good trends BEC into play because it has been a little bit. LASTA over the last few days and that market hasn't done a great deal of moving locker said ten, thousand, nine, hundred, and sixty one point four percent rotten. Now, a theory is still very sought look at realistically needs to get about four hundred. That's the point where I think we might see some is there on a theory of the weekly. Dig Close, up not by much one point, two percent were up twenty, three, percent three, hundred, seventy, three dollars raw now little market. I'm really jumping up and down to try to the nor is exa pay, which is currently twenty four point six cents flat. On yesterday thus far the weekly Kennel it did close up. Enclosed at one point, eight percent. So a little a little pop of wind to the upside, their daily trendies office it's very average. It's not. You know it's not exciting me in any. Sense, of the word. Bitcoin. Cash was down yesterday solid three percent closing at two twenty, six, twenty interestingly the weekly a dig close up. But again, only one point eight percent against showing that bitcoin dominance is starting to return to be the perfect storm that potentially that will speak to you about in just a moment. Bitcoin to Bitcoin cash to twenty, seven, seventy five, which represents a point senator sending so far on the dye lot finished the week actually down, it was down two point, two percent it closed at forty seven dollars and nine saints. It's forty, seven and fourteen, which represents a point one percent. It looks very wake at the moment that thanks said you could very easily push up. It's GonNa get three, fifty, one dollars thirty four to get that trend looking. The why? Though I want to look full for to be essentially reasonable for me? It's not there yet, and until we do get there until, of course, we full further It's not trying to make base again bit of the of a good full yesterday I fought the sent Dan it's a market that I'm watching this show is it was down lost weight five point seven, three percents. Well, it closed one hundred and fifty three dollars a ninety, six percents and look. It it's in a daily death. It is a daily down trend is a weekly momentum down the to our. Quite, good there on faith cradles physically city. They're just waiting to see how that goes throughout the and save account. Get anything. It's a one, fifty, four, fifty, five, point four. percent. Today. Cod Donald. Love to see a low coming here in a push up through that ten cent motte to get daily trim back into. The swing thing. It's not done that It was Dallas weeks pretty heavily six percent Pretty heavily considering it was a sly wake at sitting I point nonsense rotten now bonnets. Lost Weight was down fourteen point nine, four percent closing at twenty, six, thirty full. It's on the twenty six, thirty four right now which oversees. On, the Diet and yesterday down three point three percent bonds will sort of get his engine running again on. I'm sure probably will if we get a bull market but there's nothing that fraternity for me at this time of also very flat the weight that was was pretty average. It was down two percent very, very little volatility on a US at the moment and Sorta does it. Will Spike that way its up point four percent rotten out to sixty three cents. But Very Saad wise. Not Try to
Wall Street slumps as tech stocks again leads decliners
"Stocks. Sank to six week lows in about of broad selling with the S. and P. Five hundred slipping more than one percent for its third straight decline and all eleven SNP sectors ending in the red. The Nasdaq composite also fell one percent as investors continued to dump shares of high flying tech companies. Apple. Fell more than three percent capping a seventeen percent plunge so far this month that has also seen declines in Alphabet Amazon facebook Microsoft and Net flicks. Activity related to options, expiration and president. Trump's decision to prohibit downloads of TIKTOK and we chat after Sunday likely exacerbated the days downward momentum. In the in, it was a third straight week of losses with the S. and P. Five, hundred shedding point seven percent and the Nasdaq dropping point six percent while the Dow fell just playing one percent.
AP-NORC poll: Majority plan to vote before Election Day
"A new poll from the Associated Press and O. R. C. center for public affairs research shows a majority of Americans plan to vote before election day fifty four percent of voters say they'll vote before polls opened on November third that's up from forty two percent in twenty sixteen but the results show conducting elections in the U. S. has become a partisan issue fifty seven percent of president trump's supporters say they'll vote in person but fifty three percent of Joe Biden's backers plan to vote by mail twenty eight percent of Americans say they would favor their states holding elections exclusively by mail that's down from forty percent who supported that idea in April I'm I can't put
Today Cryptotraders Could Be Busy
"Tonight's looking good today is looking good bitcoin play the game yesterday it pushed onto another daily high pushed higher trendies day we grinding why? Grind Grind Grind, is what we? Currently. Doing and look I tell you what? It's It really does look could. Let me visit numbers? We got two, thousand, one, hundred, seventeen, all thereabouts thereabouts that he's effectively a A point of resistance that was a support level that I raised my orders to buy Bitcoin It's come back up towards it tapped on. Yesterday, it just tapped a little tap tap tap. TAP. Aroo. And now. I'd love to say that level guy we get through that level and we stopped to get a lot more going on a lot more interest and bitcoin will the news that's coming at continues to be stronger and stronger and stronger we currently from those lives that we saw. In the full which happened to be nine eight to one way up twelve point, two, five percent from those lows. So the last three days have been pretty pretty conscious nothing major nothing major but let's get back to I. Think it was Monday Monday. Will we all right now we're up nearly seven percent. Or thirty seven percent thus far actually the best way to do that it's just a little weekly six point six percent the guy. And this off the weekly. So I just gotTa plant in the minute now, willy pushed through today will we see bitcoin pulled back a little bit and give us that or low on the high timeframes twelve-hour will the daily before we go through? That's the probability that I'm waiting to save plays at a couple of tries came out yesterday that was one on that was one K B while. X which is perpetual. Okay. B. p. e. By Doing the thing that look right now you know. BITCOIN's momentum guards at starting to look a little bit dangerous. He smashes through that resistance plays going the whole of the top ten is lit up wrought now and looks superb arts bitcoin eleven thousand and thirteen dollars a half percent to die look yesterday. Let's not forget what Adidas I did go all the way out one point six percent closing at ten, thousand, nine, hundred, fifty, five, loy eleven, thousand theorems pretty a pretty good. Push out of the Guy Fawkes up three point seven six. Now, we're only one hour into the trading day and the three seventy nine, point six, three yesterday was flat and do anything except pay another one stop it's pushed hard full percent at twenty five point, six cents we sitting at right now starting to see that momentum increase once again, mole bullishness coming across these top ten bitcoin cash yesterday was damn point three percent today currently up two percent to thirty fuss what seven zero locking up three percent today. Yesterday. It was down one point one percent. It's at forty nine dollars and twenty three cents vase at one point four, three percents still one of the most ugly shots in the top ten. The, right. No data bats up one point four percent at one, sixty, five, forty, four. Donna closing in at ten sent me was down yesterday was only down one point seven percent today so far up two point, five percent bonds had bullish cattle in the cradle dot closing. It's broken the high of that now that doesn't mean tried to vital to me right now. It just means it's done something. It's I didn't get along on that tried to it because it wasn't there. There was low a high hall I don't play that game. Ply The guy, a tried trend. The trend wasn't set. We currently twenty dollars twenty one, one, point, nine percent on the day. Saifi ails would. Up One point two percent rejected the lows yesterday at one stage the law two, dollars fifty, seven, a closet toodle seventy one, point three, it's up two percent of the minute. Two hundred seventy six is what you WANNA theory else full length is up three point five, six percent off the being down one point out yesterday we are eleven and twelve cents holding again above that ten dollars, he's a story of the day thus far. Off Donald, my scans Adema scans across the markets that I like to try. On the full list full scan, it's Now seeing green lit up everywhere at the moment really really is a positive looking stopped to the dialogue full of so other continues to kick on. But if you look at the daily shots, there is a potential for lot of these dialing shots to have a high low in a bitcoins already continued movie it's dominated. than any of the others as far as moving. Hi, this way cerium look give if we can get above three ninety point seven, one, the high blood of high lows, but they'll be. Then we'll have an uptrend
The NCAA decides Nov. 25 will be the start date for college basketball's season
"Twenty fifth is the intended start date for college basketball season and the oversight committees. As I previously reported had suggested that this go to November twenty first and that was the formal recommendation sent to the D. One council last Friday five days ago however. I was told and I want to be clear in how I share this information I talked to Dan Gavitt on the record earlier today and I have a story Cuny that you can read with a lot of stuff about why we're here and what's next and etcetera etcetera. But what about to share with you? I never discussed with Dan Gavin any kind of regard this is just my info gathering and what I think happened here today. So as I understand it, Dan Gavitt was one of a few important people that was really adamant about having the season start on November twenty fifth, and then the oversight committee acids power to do look at everything considered all the MTV's the multi team events and said, you know what with so many of. These starting on November twenty third in a couple actually starting scheduled starting November twenty. First we think we best to bump up the season by about four days. Get it done on November twenty first and just use that runway toward the rest of the rest Thanksgiving week including Maui invitational etc. wouldn't you know GP The D. One council met today in the D. One council for those familiar one representative from all thirty two leagues that have Division One men's and women's basketball. And I don't know why it got to this point specifically but we are at November twenty fifth I mean I know one reason Gavin told me on the record November twenty fifth they estimate seventy, six percent of campuses. We'll have all of their entire student bodies off campus on November twenty five as opposed to twenty and twenty one is forty three percent and making these decisions for health and safety reasons is the first and foremost reason. For doing this also significant to meet November twenty one st never made sense at all because that's a Saturday we will have college football and we will be leading to an NFL Sunday you have Wednesday. Now November twenty five, we can start then you have day to yourself, there will be no NFL, there will be no college football there will be no MBA there will be no nhl there will be no pro baseball, the only major American. Sport, that will be played on Wednesday. November twenty fifth season will be college basketball and that in of itself I think is a positive up shoot. So
Bitcoin Dominance Theory
"Let's do what we don't discuss the mock and what's going on because yesterday we did say bitcoin pretty good troy and I'm going to call it a try. It did full through as hyped with the diaper, which was up three point three, six, percent gutter pretty kate levels there, and we are holding above ten thousand, five, hundred I'd like to say a little bit more Gas. Star if you will from bitcoin yesterday, what we closed up a percent, we close at seven to ten, thousand, seven, hundred, ninety full. Now, what does that mean to me? Or. Quite simply put what that means to me as well. It gave a little back didn't amazed. At one stage, we were up roughly tune off set. And we pull back away from those highs. We did. We did come back about one point full percent. We did touch a high of ten, thousand, nine, hundred, thirty, three as we saw to approach that eleven thousand dollar mark and I think if we can get through eleven with, we really are starting to look better. It's it's just crawling. is not doing what it did. If you recall back through the end of July twenty seventh paying the mind where we sort eleven percent, we did say some increase volatility back into bitcoin with multiple falls and falls in sixes and that sort of thing percentage moves. It really has slowed up. But It still looks good. It's just a little bit. Now, the real interesting thing that I've found with the market lightly. And I was speaking to my. To the people that were in the live trading full of warning about this. I was looking at the bitcoin dominance. dude look at the bitcoin dominance shots from the top of my list of sudden missile got there and look over the loss and just can't seem on. This particular child doesn't move very much. So when I tell you that too, it's hot out full point one percent that's actually quite a decent move. It doesn't tend to have massive dice big one percent or a big dies won't percent yesterday was one point four percents that was a pretty big die. Bitcoin dominance using up point four percent now. The reason that I bring this up is it's actually important. There's a lot of things that I have saying when it comes to trading crypto. Remotely mostly when Bitcoin Sideways, what we ended up having is will have oats that work. Well, the FI trying to they taste say becomes a really good option. You know we we can short Xiv we can go along against that market. We'd leverage with spot we tend to say some really good moves. But at the moment. It's not sort of being the case we saw Bitcoin at ten thousand hanging around there and we we really didn't have a great deal of good trends. We did which the spark a big move but like a site spock's moves like they weren't exactly what I was, you know what I considered to be optimal trading conditions. So at the moment. Yes know looking at a A. Little, bit perplexed by what's happening. It's almost like a different dynamic is coming in. Now the dynamic that we haven't had of light has been bitcoin really having a good move member. If you around back in two thousand seventeen, typically ALZ would go up and the money would come and go back into bitcoin and bitcoin within takeoff and it would be a bit say so it was only for. For six months. Leading up until December period. Now. That's the only thing that we haven't seen really strong bitcoin words. The tykes back the throne and so does his hang on, hang hang on bitcoin ongoing now it's GonNa move. Have it saying that? Will we see that will full but it's just a theory on putting at sharing my thoughts on what's going on what I'm saying out there in the mock would damn point seven percent currently on. Bitcoin. At ten, thousand, seven, hundred, ten. The theory looking a lot weaknesses will show when I go through this. You'll say the ALZ even the top ten or thereabouts of have really had a bit of lead been lacking. Three point five percent down was a theorem yesterday. That's what it closed that closing at three sixty full one full and it's now down one point five, three, fifty, eight, point, six, two. So it looks more Barrington bullish except play fish that down one point nine percent today so far has sparked low that were twenty three point eight cents yesterday was down one percents and nothing too drastic yesterday as a matter of fact, the selling in exile place it'll happened to Hoffa now around that open time ten I am we we did say come off quite significantly good two and a half three percent at one stage it has since bounced back on Bitcoin cash now. Yesterday, it was up four percent today. It is down two point eight percent giving back where twenty, eight, point, four, five, and again looking pretty average their lot Quan as well. Yesterday, it closed down one point, six percent of forty eight dollars and thirty three cents. A pretty average looking shot needs to get about fifty dollars really. Could we setting high potential to push US hi through that it's forty seven dollars and seventy one cents at the moment base via up by one percent closing at one, sixty, five, seven, three. With down two percent at one sixty two right now and not much going on there either car down rolling over quite nicely. This could be potential opportunity for shorting on those lower timeframe. So they sitting at nonsense down two and a half percent yesterday closing three point six
Residential building giant posts surprising 3rd-quarter profits
"Going to start today with homebuilding Lenore corpse third quarter profits came in solidly higher than Wall Street was expecting I know shares are down a little bit but. I don't know Jason I mean Lavar gross margins are improving and the low interest rate environment certainly helps. Yeah it's absolutely helping and I mean we we've certainly seen signs that the housing market is not not only stable but really flourishing, which is kind of interesting to try to square in this in this. Time but but hey, that's that's housing right? It's it's one of those things that everybody needs. These results I was really impressed earnings were up thirty three percent on relatively flat revenue I. Mean Anytime you have a company that can do that I mean you got at least take note and try to figure out what they're doing to see if they can't. Keep on doing it. If you look at the numbers that deliveries of thirteen thousand, eight, hundred, forty tunes that was up just two percent they new orders. Of a little bit better than fifteen, thousand, five, hundred homes that was up sixteen percent. Dollar value of six point, three, billion dollars was up twenty percent and also a strong backlog backlog dollar value of close to eight billion dollars up four percent, and so all in all, what we're seeing what management noted is that the fundamentals in the housing market are very strong in that supported, of course, by record low interest rates. As, well, as a relatively undersupply, relatively continued undersupply of new and existing homes. You know anecdotally I will say like we're in the middle of refinancing our home here and you know what comes with refinancing a home as you get the appraisal to make sure that the value the home is, is there so that the bank and can? Crunch the numbers correctly in in certainly if it seems like valuations in our area are continuing to go up and I would imagine. They're seeing seeing that in a lot of places and then it'll be really interesting to see here as. The pandemic continues as companies start to reassess how they. are handling their workforce I. Mean If more folks start fleeing big cities for suburbia that absolutely has the potential to continue pushing up the demand for for these homes, which ultimately pushes up the prices put pushes up the. Performance for companies like Lenore, in being the largest home builder out there by revenue I mean certainly this another quarter of excellent.
Visiting California Fires, President Trump Denies Climate Change
"The wildfires in the West have burned down entire towns and up ended the lives of millions of people many of last homes. So many more just can't even go outside because the air is thick with ash and smoke. The fires have also forced president trump to confront the realities of climate change, which he has so far refused to do. He was in California yesterday getting a briefing from state officials and Cake Ud's Katie or was there she joins us now from Sacramento Katie Good Morning, you're out this event with the president. The press was there and asking questions and you actually asked him straight up about climate change, right? I did I asked the president what role he thinks climate change plays in these fires and he insisted as he has for years that it's all about forest management that years of letting the forest become overgrown and not well-tended have turned them into tinder boxes. The president's argument was met with resistance from officials here on the ground including California Governor Gavin. NEWSOM, who urged the president to reconsider his stance in? Light of what the state has experienced in recent years hottest August ever history of the state, the ferocity, these fires, the drought five plus years losing one, hundred, sixty, three, million trees to that drought. Something's happened to the plumbing of the world. So there's governor newsom wearing a mask. We should say president trump not wearing a mask there in this kind of intense conversation. How did the President respond to that? he didn't seem to appreciate it in one exchange California's Natural Resources Secretary Wade Crow Foot repeated the central role of climate change in these fires and trump pretty much dismissed him. As we can hear, it'll start getting cooler. You just watch I wish science. Science knows actually. And it's interesting. We're less than two months from the presidential election but the president's comments were not really intended for voters in California and that's for two reasons. First everyone assumes California will vote Democratic in November and here in the state pretty much across the political spectrum climate change and the science behind it are not in dispute by politicians or by voters the. President's message that California is itself to blame for the massive wildfires seems directed at his supporters in other states, and by the way we should mention it's worth noting that governor newsom pointed out the federal government owns close to sixty percent of the forest land in. California. While the State owns just three percent the implication being that it's actually under president trump's purview. So. Can you just give us the latest on the fires this morning? Where do they stand? There are twenty eight major fires burning throughout the state right now with more than sixteen thousand firefighters working to contain them, and we have people who've gone through these fires and are waking up to a landscape marked by worry my colleague in Fresno Alex Hall spoke with Lee Zeldon, Suwa and her husband David they feared their house had burned down. What can you say it's scary. Especially, the first couple of days the fire was moving. So quickly that you know we had no idea if the house would survive. So I think that's how everyone feels and I know there are several houses. On the next street on Auburn road that were completely destroyed. So. Many people dealing with so much loss Katie or of. We appreciate it. Thanks you're welcome.
I Have Been Waiting Week's For This
"To the COKIE podcast cracking die bitcoin day I'm pretty heavy look as a couple of. I'm shouldn't say pretty well, I I can will mugger it. So me these levels it's being taken that pretty major. Writing on the wall. You know, Bitcoin's weekly candle. How many times you on? About that. I to say break ten, five, we have the level little reading wanted to save break was ten fight we have and the raise ten, five items because it's the high of the weekly candle now if you already on my youtube. Go, ahead, just try to call jump on that check it out a little bit because I'm going to do a video to go with this country. So you can actually see levels in say it is being such important. Level they I think. It'd be good to show to you in a visual sense raw the then then just a podcast is well, I'm doing an interview again. Yes I'm I'm going to be interesting to see of cracking Australia today I'm looking forward to it. I'm Donald for a wall saying what I'll I'll know. A really want to know why. So, many exchanges encrypt top companies at targeting Australia I want to get to the bottom of the reasoning full that and the goal share it with the obviously I'll share the these very much looking forward to that. That's going to be in about an hour. Tom Sorry if you've got any questions, I put him into the podcast comment section on pies and all. Old. Full end this one. So we're only now bitcoin. Well, we account at ten, thousand, six, hundred, seventy, five after yesterday having one of the most solid moves high on the clothes in quite some time we were up three point three percent we close at ten, six, seven, thousand, ten, thousand, six, hundred, seventy, five, closing up around the higher ratings of that can which is a very positive song are lucky with bitcoin. Now, the daily does have a slightly higher low it's not the most clean highlighted as much. It's definitely there it's very clear on the twelve al I little step out saw of rain Jim in quite some vice I step outside of the range full stop. On what would be absolutely wonderful the saints that I would be A. An exclamation mark. Bitcoin to push high bright yesterday's high. Let's see another three or four percent Guinness up around eleven thousand dollar mark. Now, why do I want this to the obvious? You know bitcoin highs better. Reason, that I want this more than anything else is so that it can just wash out some of that bearish sentiment anybody who's still considering. that we're GONNA move up can be taken out of the Y. At that stage. I believe we'll see positive. Attitude Bitcoin, there's that many negative out there but the more positive the mole hot we get in bitcoins process and ten thousand up. It's the level that I wanted to level that we got a lot to say bay that level concerned that level. It's been that level a couple of weeks I WANNA sit just say goodbye and we just go into Totta we're off to fifty K.. Mode. So. Yeah. Pretty pretty basically diet that I was sitting flat on the Diet to die. Of course, we've only just had the market reopen full this day we got a theory. On that weeklies, we'll hasn't broken those hawes yesterday we were up three percent closing at three, seventy, seven, five hour around about three seventy six right now slightly down. An Ex pay on the perpetual contract here or against tether whichever one you want to look at all use of perpetual. Futures and I use the spot. The for this particular pair of tell you right now. The way clay. Could wrought it's just a wonderfully set position. Much. Sign is big bitcoin taking control. Yes. BITCOINS donuts actually closing up what was number yesterday bitcoin dominance was up. Yet point six, four, point, nine audit speak to this. We've got some divergence that was down there at the bottom of spoke to this in my life trading flow skin. And Yeah interesting to see what happens he Knows embraced I. Because all of that in some of the videos that you can get on Youtube bitcoin cash right now you know it's not done much yesterday look it was opposite. It was up yesterday too. So I won't point six percent closing at two twenty, four spot on fog or to twenty-six flat right now faucets up on the day still very so I wasn't. BITCOIN cash no interest they really for May Simon Lot coin its down point four, three, eight, forty, eight, Dole's ninety one yesterday we pushed higher getting a high forty nine Dole. Sixty seven didn't crack that fifty amok was up two percent on the clothes yesterday moving from there on a BS v very little move up point four percent yesterday based they one of the better wake. Pays really it's it's looking pretty average pretty average in datum up looking for show. So I haven't got a short on go to anything on rotten now it's just a pretty average looking chop sitting there at one sixty three spots tonight pretty much flat on the died cod I was up one point six, six, percent closing at nine point six, six cents of told you I wanNA say above ten dollars will wow I wanna say about ten sides before I got interested in bed just yet bonds at a wall diocese today our full. So only point four percent closing at thirty point eight full. It's a downside went six percent right now sitting just on thirty dollars after very, very strong run-up brought secretive back at the moment ails continues to walk sideways horrible looking shot Diana out point to closing toodle seventy, three, hundred kids. It is a mess linked very much science sort of bite with resistance thirteen dollars twenty, six yesterday out point seven percent with close to twelve. Dollars and fourteen cents twelve dollars and ten cents a guy not much going on their
Verizon to Buy TracFone in Deal Valued at Up to $7 Billion
"A Bloomberg money minute merger Monday, Dealnews lifting the markets, The Dow is up 380 points one and a third percent. The S and P. S of 1.6%. The NASDAQ is 1.8% higher. Stock of immuno medics has doubled. The cancer drug maker is being acquired by Gilead Sciences. Gilead's paying about $21 Billion for, um, you know medics, which recently reported a breakthrough in treating breast cancer. Other deals include the biggest chip deal ever in video is buying Softbank's chip division for 40 billion and a big wireless deal. Verizon is buying Trac phone.
Weekly Candles A Plenty
"Let's get into the markets because we say bitcoin do what I hoped it would do by having bullish candle the weekly. Cradle. To close up point seven percent loss way with a high of ten, thousand, five, hundred eighty, and that was basically putting a yesterday lost twenty four out session that we saw we did move above ten continues to be a bit level that democracy struggling with now are really want to say ten father. What if we can break above ten we'll have a lot better prospects a guy waltzed behold below we are above. Thousand which is good. I WANNA say ready smash out through that ten five eleven that weekly cried candle. Could certainly provide us opportunities if the cradle tried is in the potentially be tried that you might WanNa do to get yourself innocent bitcoin but breaks above the high that ten, thousand, five, hundred, ninety. Nine. The weekly high will be taken in its integrate spots. Thing is cost. We're all right now ten, thousand, three, hundred, and forty six, and we're has a relatively slow stopped the trading wake. But of course, it's still a over in Europe in the US. It's still Sunday and they're mostly all asleep so. Say what they come in and do as the is in session in the Australasian Oshii onic rage in hasn't done a great deal thus to die. Really. So yeah, I'm not really holding out too much on bitcoin rotten others night, trading -tunities if from my perspective. squat good enough amid a consideration tried I. Want Kinda with theory but we bombed out loss wake. Sorry, we bought him down this trend the week before with the law of three, hundred, seven loss. What we closed up three point eight percent closing at three, sixty six. It's pretty big candle on that wake, but it's calendar that wrought ragent area back into that cradles ended I like to work with and although it's flat on the Diet also isn't a great deal for me to do on the lower timeframe been a little bit. It's it's been growing high I. WanNa say it now push onto new hawes in this transcending the higher low and that needs to get US above three anti, we get above there we start to say mole momentum comeback. into the THEOREM price a lot more opportunity at that moment in three, sixty, five night currently south pay tell you what it's GonNa and then Austin small. The Lost Weight Goes Down to twenty two point, nine cents, and the high goes at twenty four point three, we get above twenty, five, point three knocking to see. His ex up having a real good run expectantly twenty four point two, nine point three percent onto to lastly bitcoin cash closed down two point full four it's not showing anything on the way Claes showman anything on the daily oil to pretty much five, thirty five. To Twenty, two, five, Like was lost wages a tiny bit point six causing at forty, eight, one, six did not so much activity last week with a low of forty, five, twenty one and a high of fifty one, thirty full really struggling with that fifty della Mach, which is obviously resistance that we've been talking about that for quite some time. On the shop, it's holding its ground it's not. It's not knocking it out of the park on site, but it's holding its Graham. You get above that high of loss wake of four, fifty, one, thirty, full bikes give it goes back about fifty we walk to work. We were down one percent of forty, seven, sixty seven right now. They, they closed flat on the way chemistry that for a very long time literally flat the High One, seven on thirty seven the low A. was one, fifty, nine, fifty. So a little of momentum start a little bit of. Volatility but not a great deal. It really does a pretty average right now that one point four percent at one sixty point nine, seven, cod Donald J little bullish channel right there in the weekly Ken cradle. It's some. It's not the best of the same going to be awesome. It's not the best looking. Sorry while I, all the best pulled is pulling quite David at he's touching that twenty period moving average and coudl four. If, we break the law I've lost weight and we're talking about a level of nine point nine night raw non-point nonsense. Clearly, ten cents is the level for Kudzanai to really break free for non-point for now, and there's not a great deal on the daily that interested in very similar to big break the high of of yesterday than they would a lot more work with a lot multiply within the better prospects moving forward. It's not there just yet and they'll have to wait and see what goes
Epic Games files new motion to reinstate Fortnite to Apple’s App Store after massive drop in iOS player-base
"Couple of significant moves in the epic. Apple Google battle this week epoch filed a motion last Friday formally asking for a temporary injunction to have fort nate restored to the apple APP store. This is legally different than the restraining order that was rejected last month epoch sites a sixty three percent drop players on IOS as part of its list of damages and. Apple has asked for monetary damages if it wins its lawsuit with epic based on the fact that it sent money to help market fortnight on us that has not making neither of them money
UK plans to break Brexit law 'hugely problematic'
"A furious row has erupted between the UK and the European Union Prime Minister Boris Johnson is trying to change part of the brexit agreement after the much fought over deeply argued about seemingly interminable brexit debate billions of dollars worth of British, trade with the EU and potentially with the United States hangs in the balance here is Steven with the update Brexit is a two stage affair the first age last year was the exit deal on the which if no trade agreement was reached with the EU A Hog Boorda would be imposed between northern, Ireland and the rest of the UK. This was meant to avoid a hard border with the Irish Republic, which remains part of the e you many Brits were unhappy with it, but the deal was agreed and turned into a treaty under the second stage. Britain's had a transition period of the year in which to negotiate a new trade deal with the block that period is drawing to a close negotiations of gone well, and the British government. This week tried to change its commitment on Northern Ireland in parliament, the Northern Ireland, Secretary Brandon Lewis made a startling. Yes does break intellectual law in a very specific limited white. Yes. That was British cabinet minister admitting that his government's planning to break the law provoking outrage in both houses of parliament former Justice Secretary Lord Charlie. Folk ner didn't mince his words. This stinking hypocrisy chokes our country's reputation and destroys our government's ability to lead at home and make agreements abroad and with the E. U threatening to. Sue The agreement that now looks in deadly peril his that free trade deal the UK's negotiating with the EU its largest trading partner Fiona sing. Carter. Of Forex trading firm city index says it's not surprising. The pound has fallen sharply. What's he doing here is adding to this picture of uncertainty I think it's just adding to the sense of does anyone actually know what's going to be happening? In what's going to be happening in just a few months at the end of this year without a new deal forty-three percent of UK exports could face European tariffs and other barriers. Charles Grant of the Centre for European reform says, it's not a pretty picture. The huge prospect chaos at the borders lack of ability to travel easily from one part of Europe to another the impact on financial. Markets which react very nicely. The European Union is demanding. The Brits stopped trying to renege on the exit deal and it has a powerful ally Washington, which brokered the peace deal in Northern Ireland in the nineteen ninety s Nancy. Pelosi Speaker of the House of Representatives says, if the Brits continue on this course, they can kiss goodbye to any hope of a trade deal with the US as well.
Six months in, how are you doing?
"In thirty five seconds how we doing because when this thing started, we were talking depression and end of the world. Right so we we've seen the depression part I don't think we'll see the end of the will be. That's the good news. We but we definitely have seen an economic decline that's been at surreal levels. Just think two weeks of a march shutdown with enough to drive a first quarter. GDP. Down five percent on an annualized basis, and now, and then after that, in the second quarter, we saw thirty three percent annualized decline. So it's been truly remarkable in terms of the economic recovery though though the magnitude is severe and still. Severe? It's likely to be one of the shortest economic recessions on record for starting to see the momentum and quick bound said everyone talked about. But from here, it's still vulnerable and the path back to pre pandemic levels is likely to be a long one. Okay. So deep let's talk about the from here part and I point you to Capitol Hill this week and the Senate not able to pass. Its version of another relief package. Why Why question we always ask about Congress. We. We all know that the United States Congress tends to respond to fast moving urgent disasters the ones that are politically salient. The ones that create a create a the momentum they need unfortunately corona viruses becoming a slower moving urgent disaster still disastrous still awful. But it's not necessarily shocking people at the same pace that it did six months ago. That is I think. The big difference that we've become too almost accustomed to the apocalyptic world that we're living in. That's just it's just a weird sense who cares about the deficit at this moment but there are people who do and at least people who care about it from from an timeframe or from whatever form of of of of religious view they have on debt. So, there's always a chance that something could happen in the next few weeks. We don't want to write off Congress completely of course, remembered twelve years ago. There was a giant bail out of the biggest banks that asked Congress just over a month before an election, but it was right after it failed in Congress and took a giant tumble in the stock market to make to to show. Some activities something that looked real for lawmakers to respond to. We just haven't seen anything sudden and real to get people to respond and let me ask you about that slow moving part of this thing because I kind of agree with deep, it happened so fast and now it's become a long drawn out thing. The question is, can people can this economy wait until Congress gets shocked into action? There is a significant segment of the economy that can't wait. Those are the people who seen their unemployment insurance benefits expire at the end of July. Those are the people who may be facing addiction. In early twenty, twenty one if something isn't done to to stay continue to stay the evictions Those are the people who are. PART OF THE OVER A. Fourteen million Americans who've been affected by COVID job losses and you may still be employed but not getting paid. So there are several people who will be affected by a con Congress in a stalemate. What's not seemingly affected the stock market which continues to advance even if you get tripped up here and there and over a course of a couple of weeks, a socks and home prices continue to climb higher. So the impact has been a different. For different segments of the economy will do the stock market is clearly what's giving Congress the covered to not actually move right? I mean that's that's not much of a debate but let me get back to what you said a little while earlier, which is, let's keep an eye on the next few weeks. The you actually believe there's going to be relief action in this. Congress, before the election and if not how it not become a political problem. It it it. I think it's possible that we will get some some type of action just never know like all of these things come out of nowhere like we we would have expected that there would have been. More urgency a month ago or six weeks ago and that that there isn't a think as perhaps the most shocking political story of the moment that that they're not feeling it I do think some lawmakers are are aware of the risk. It had their democratic lawmakers who are screaming at Nancy Pelosi right now saying please pass something We're we're in tight races, but they're also Republican lawmakers who. Carrying on a narrative that the thing that gets out of this is grit and determination, it's not more money. It's it's it's like wrapping yourself in a flag. Maybe, not even with a mask. And and just just trying to like get just get through it and there's this idea that like that's the American spirit and that's the there. These really contrary views of what what the country needs right now that have been. And been become obviously polarizing but become ingrained in our in our minds collect way the nation. Quick. Just a rip off of that a little bit. You know Congress has been remarkable and its ability to pull a rabbit out of the hat in the last minute and what can't be denied. It's the political calculus going into whether or not to do this next round twenty Republican Senate. Seats are also up for election in November and so they have to be doing that calculus what happens to their? Their states, it's no more stimulus as passed. That's going to be part of the negotiations over the next few weeks as well.
Whats Up With Mortgages and Real Estate
"Well, it's been a crazy year pandemic thousands of businesses closed millions of Americans, unemployed. The stock market is still up for the year at least so far your portfolio may not be your only acid or even your biggest asset fact according to Edward Wolff nyu economist. For the bottom eighty percent of Americans in terms of assets. Their number one asset is their home about sixty percent of their net worth is in their house. So, how has residential real estate fair during the virus crisis and how might that change in the future here to help us answer those questions is Jeff Strauss, key senior writer and analyst at Bankrate Jeff welcomed the Motley fool answers. Hey, bro thanks for having me. So let's start with the current state of the house in the housing market. Let's get to the numbers. How have prices been holding out during the recession was surprisingly really well, prices are still going up and I. Think I like a lot of people that fill victim to the whole recency bias flaw. That the last time we had a recession home prices just absolutely collapsed. We had fifty percent drops and values in many parts of the country and so back in March when we started going into recession again I think I know a lot weather's thought. Oh, here we go. Again in terms of home prices and that really hasn't happened home prices have held up home sales are down but if you were people have put their houses on the market and so the supply and demand curve has just shifted. So we've got basically more buyers than there are houses for sale. So we're seeing a lot of bidding wars I keep hearing these tales of a nondescript. House getting thirty and forty, and even fifty bids over a weekend. So home prices have held up surprisingly well, they're still going up part of that is because we've got record low mortgage rates and people have more buying power and then part of it also is just that the pandemic has really changed. Qui Bowls thinking about housing I mean if you're going to work earned, your kids are going to school in your house very much. You can make do with less space but now the that were crammed into to one space and people are working from home and taking classes from home it's You suddenly start to think, Hey, I could use a bigger house. You got a couple of interesting points that I. Let's start with mortgage rates. Crazy low. Thirty year mortgage thirty year fixed is around three percent little bit above little bit below dependent where you look. Fifteen year bit below that. One interesting thing I've noticed though is normally the adjustable rate mortgages are the lowest. But from what I've seen there at the same as a thirty year fixed or even a little higher what's going on with fat? Yeah. That is a weird situation and it's funny that you mentioned arms because it seems like nobody really pays much attention to arms anymore with with fixed rate mortgages being so low for. So long at as you said, they're in the the three percent range or even below for thirty year fixed but they've they haven't been much above that the past decade I am I think they briefly spiked up to around five percent but. When fixed rate mortgages are so low it's in they've stayed consistently low. People just sort of You know lose interest in arms. So it's that's part of it. Part of it is a just that there. There aren't as many lenders offering arms, and so there's there's less. Less apply less widely available so that that probably has something to do some of it also is that the without geeking out here too much but the rates were were based on Libor the London interbank offered rate for a long time in libraries going away at a new indexes coming in so that that might have something to do with it. and then in in times of economic uncertainty, we we do see this this pattern where arms suddenly get more expensive than fixed rate mortgages but you know it's intriguing. I talked to a lot of consumers a lot of. Lending officers lot at mortgage brokers. Nobody's talking about arms they're all talking about. The thirty year fixed and they're they're talking about how many points should you pay? Should you do a thirty or fifteen ten? What's? What are the advantages of different types of of fixed rate mortgages and? That just seems like an arms have been sort of forgotten. They were hot thing fifteen years ago but I almost never hear anyone recommending God's
"three percent" Discussed on KBOI 670AM
"Throw around these terms that they throw around are so vicious and so deceitful and dishonest it's just incredible so seventy three percent of the republicans who want people who come here illegally to be punished there's something wrong with them or is joe scarborough would say the racists anyone who voted for trump these are the same people who pretend to be moderates these are the same people who pretend that donald trump's language is way out of control these are the same people who pretend to be bipartisan they are vicious hateful people who despise a big chunk of the american people they've always despised the tea party they've always despise the trump voters they've always despised conservatives go ahead maybe they have a little different color of their skin and they speak differently i holler of their skin and speak differently people want the law that your body past enforced people who speak differently in different color of skin what does that have to do with anything anything if you're talking about people coming in here from ms thirteen and drug cartels people coming in here who who kidnap little kids to get in here has anybody talked about their race they've talked about their deeds in who they are and yet corker plays right along because he wants to be a different kind of republican go ahead of her hated someone who traveled through tough conditions to try to come to a place where they could realize their dreams and so i'm just not part of that group that wants to punish what i do want to do old identify as part of that group yeah i understand and i think it's a shame that what we've done with immigrants is to try to call them to be a part of a terrorist group that's what we've tried to cause immigrants to be part of a terrorist group who is who are we we have tried to cause immigrants to be part of a terrorist group what in the world is he talking about go ahead many of these people truly especially in central america are living in terrible conditions what then i guess we should open our borders syrians you many's who else all over the world this is not a serious man this is not a serious person and neither is anybody else who talks this way so now you see these seventy three percent of americans excuse me republicans they look at people because of their color and what's interesting is it's the left that keeps bringing up race it's the left that keeps bringing up pigmentation bob corker will not be anywhere in america's history books except a little footnote to one of those rare history books that tells the truth about the iran deal but he has been a a horrific united states senator and he plans to go out being a horrific human being just look at how he talks about you this isn't you you're not who he describes absolutely disgusting he would never say this about jay johnson who is a black man he would never accused jay johnson looking at these people because of their race he would never recused jay johnson trying to stop these people despite being as poor as they are and yet jay johnson just said on sunday that they had to detain people at some sometimes as a family unit other times had to defy the children from the from the parents i don't remember bob corker ever mentioning this prior to three weeks two to three weeks ago does anybody else now.
"three percent" Discussed on WPRO 630AM
"Somewhere near three percent home prices have increased so far at a rate of six point two percents and so that's more than twice the rate of gdp it is a with the reason why i think it's good for small businesses that the increase in home prices john is reflective of writ supply and demand there there's there's a less this a smaller inventory of available homes and therefore it's driving up prices and to me that's an indication of property developers and people in that business are going to be very busy over the next few years building more homes to meet that demand and if that's the case that will certainly be drawing on many many small businesses construction firms drywall people plumbers electricians that will take part in that so we need more housing we need more building of housing we need more construction good news for the construction industry and i think home prices are kind of giving us a predictor of what's going to happen what i've noticed gene is that when people spend a deal for their primary residence if they continue to spend on the primary residence they there's always augmentation or expansion or make a new kitchen that's something that happens to homeowners that goes right to small business right that's what we're talking about that that's a local small business boost it does however i will counter this with that if somebody is going to be paying more than i expected to pay for a house because the prices are going up the way they are that leaves them less money in the kitty to go out and do this sort of construction projects or other stuff that they'd like to do on the house so that could have a negative effect having said that i'll take your point of view where if home prices are going up the way they are people stay put more often and therefore say you know what route and go out and spend more money on a new home they stay were we are and we'll just we'll we'll we'll build that addition to the home or fix up were right now but the bottom line is the population is growing and the economy is growing and there aren't enough houses and you know we're we're seeing that at home prices and i think that's going to we're.
"three percent" Discussed on KKAT
"Non lgbtq adults forty nine percent but i'd call about half what they're calling it less than half said they were very or somewhat comfortable around lgbtq people in certain scenarios according to the uh in its down from fifty three percent so fewer people are very or somewhat comfortable around lgbtq people now half was fifty three mm slightly down but if this trend continues i suppose it would be something very comfortable around l and g they have some questions t got to admit i'm going to wonder what's going on there and q i would know right yeah yeah that one i don't really so it at various mmhmm in other we're talking about three percent of the population right all right well roughly uh transgender or gay gay or all of the above at all then so he asked media it's definitely low single digits um uh yeah you know the the transgender thing is interesting to me there are some people are so desperate to for instance convinced the kindergartners that they're transgender in fact there's a controversy in a californiabased the bay area school of the kindergarten is displaying a poster made by gay columnist dan savage about the rainbow unicorn of gender and how the.
"three percent" Discussed on Effectively Wild: A FanGraphs Baseball Podcast
"Seventy three percent and so if you then multiply that by itself then that yields a fifty three percent chance that all three teams make it to the playoffs two years in a row given ninety percent odds each of making the playoffs which is just not true so that's one way bring this dan where it's almost a coin flip just that they'll all make the playoffs two years in a row and the other way to look at it is that of course they they all look very good they all have a lot of money they're all set up the short term and the longterm and and they are each not too afraid of the competitive balance tax they have gone over even though i know that they're trying to get under at present but even with these teams spending a lot on their payrolls they are still spending less on their payrolls relative to even the lowest payroll teams in baseball the floor as risen and b cap the soft cap a sort of cap to the highest spinning team somewhat in place and so the distal less of a spread in payroll and of course there's more to baseball than how much you spend on your roster but that's kind of a a the leading indicator if that's the right term business and so the amount of resources that teams can pour into their roster will be related to how good those teams are and if the yankees cups dodgers can't spend that much more than their competition while it stands reason that they won't play that much better than the competition over the long haul yeah i just i think i mean look at recent history the cubs came fairly close to missing the playoffs this season i mean it was in question for much of the season and they were expected to be the best team in baseball probably or may be the second best and they can adjust limped along and they ended up making it but it wasn't a convincing victory on their part and that was in a pretty weak division overall and then look at recent ekeus history obviously they just missed the playoffs a bunch of times so we're not so far removed from these things happening or almost happening that i think we can forecast with any kind of confidence that they won't happen soon i mean you know historically when people have looked at like pow.
"three percent" Discussed on Bloomberg Radio New York
"We got an increase more than thirteen and a half percent is that all related to rebuild following these natural disasters well it's certainly not all but that's the lion's share of the monthly volatility over the last couple of months sowa hard to understand if there's really any deviation at all in the underlying trend for housing activity in homebuilding in particular in this case and i think the answer is set were not really see much deviation french and this thing with industrial production 'cause we got that as well this week that was an increase of what ninetenths of a percent right so why it looks like the same thing there was a lot of activity shutdown now whether it was utilities being closed or taken off line a due to the storms or raw actual la other industrial output debbie shuttered transportation bottlenecks at cetera and that's all coming back online so we have to be very careful as economists not to read too much into this latest swath of data as it really is more weather report then that economic report and taking a step back just a little bit further as macroeconomists we always like to go back to fifty thousand feet if we you know just as we are disregarding our this leg this upswing in the data how we also have to view q three gdp very sceptically right so gdp came in at three percent in the third quarter lot of analysts expected to be revised up even higher to three and a half percent then we look back to q to that with also 3 percent approximately and you can say well you know something changed in the economy mmaybe as trump enthusiasm more or some other factor but we have backtoback quarters of three percent gdp gains let's not well technically it's true on paper yes but if we look into the end relying details really q two was simply a rebound from a very weak first quarter all that residual seasonality every q one comes in week inasmuch as it comes in below trend q twotenths come in above trend so we can't be too focused on that cue to print and q three was largely a hurricane story so the.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Muster and he's the type of support needed because you know while i said both sides agree this needs to get done they differ on how it should be done in you'll be it from publicprivate partnerships verse how much the government should fund on the infrastructure side and then on the tax reform who who should it benefit right should it not so i'm on the bloomberg um i think in the past with the past week or so there is a story about twothirds of economists surveyed think that the current administration will get some kind of tax plan passed by the end of the year but that the effects won't take place until after after the year after possibly next year as well i i that that that ratio surprises me i think that the idea of the two things we need to look at it one is the probability of tax reform comprehensive tax reform that seems like it's zero percent it seems like it's been zero percent for awhile then there's the probability for tax cuts that's probably what the economists in the survey were referring to uh i mean i think there is a chance you could get some tax cuts but i don't think i would be in the twothirds thinking something could happen and keep in mind that survey was probably done before yesterday in the past weeks for sure but i have to wonder how much where i was going with this is how much is this optimism about the policies that president trump espoused during the campaign how much has that optimism than baked into markets already and it hasn't been already beaten out.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"That's very concerned about dollar strength but not only is uh the us concerned about at the bis and the imf both around these levels have said that the belief the dollar to be 10 to 20 percent overvalued in other words you've got the us and uh you know talking against the ecb no one wants to have a strong currency but i think it's the us is really in the driving seat here in that the euro still is undervalued relative to rent maybe where it should be i think that's probably the 125 level where we get to the dog said you want to get your thoughts on the dollar i just want to stick with these fees one second because to me the implication here is even if this is just jawboning uh jerk reaction on the part of the ecb officials would be to hold benchmark rates lower for longer and to move uh more slowly as far as removing accommodation in order to keep the economy kind of in this place where the euro is sort of stabilized even as a in uh as as the economy grows right i mean 'cause i i don't really see what other moves easy be could take wrote the would have to keep on doing something at a at a greater level them defenders during it now we can look at the federal and are believed that maybe there's one were rate rise this year and certainly the ecb will be raising rates but even if you look at the 10year yield said the us cereals are unchanged from the year attend 10year yields let's say for germany or maybe fifty basis points higher so the yield differentials moving more in the favour of europe than it is in the us and remember when you look at currencies you'll of cap to look at will watch the fed touring versus were key ecb doing the ecb going forward into two thousand nineteen may be going to have beat men in charge veterans much more of a hawk and would like to see rates uh get a little bit higher in the eurozone whereas you may have coned come into the fed in the us whose units being a tough peninsula longerterm brazil looking at the us may be having lower yields for longer and the ecb moving out of the lower yields plus the.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Quartercentury almost has been very narrow it's one of the great accomplishments the united states as we've had very low inflation volatility not only lowinflation but it's been other ago have low volatility um over the last ten years no one stare deviation about the current place rate of one point seven percent is above it is three percent and blow it is about thirty basis points it wouldn't take awad of inflation to shock people that are used to lohan stable inflation and i i think three percent inflation looks very likely wage inflation year on year is already lisa bent at two point nine percent inflation this year on year in this recovery were still hankering a two five median wage inflation is already at three three um the the uh other labour indicators suggest a private wage pressures um if the unemployment rate just like the claims number this morning falling to almost to its lowest level of the recovery suggested we're going to have continued job growth i think it's very likely we're going to get wages over three and if we do i think companies are going to be forced to raise selling prices and that puts your cpi above the one other thing that's it play right now is the us dollar is very close to breaking below was thirty one month trading range it's been down by ten percent your today but i think it could be through breaks that range you could fall even further which would also put some life back into crude oil and other commodity prices aggravating uh or at least elevating inflationary uh expectations.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Because i do think before of the next recession colmey won't go to reset interest rates higher uh probably this recovery is going to end the way most postwar recovery of ended values in some sense of overheat at some point i do think wages and inflation probably rise above three percent and um i think that's going to cause a major reset in the 10year yield probably above three percent as well and unless you have some you'll buffer whether that be from credit or whether it be from structure uh i think it's going to be a very damaging position to be in in just nothing but high quality uh paper the other thing about sprouts is typically uh although there tight today and i would agree with that um i think that they probably stayed relatively tight until the recession risk it's pretty close um and so even if they don't tightened further for me her uh you could still have uh uh excess return and in a in a buffer against rising yields um e even if they just hold it there at the current tightness of of spread that they could be uh possess today jin said something that was actually inside of radical you think inflation is going to pick up three percent that's radical and very different lord a lot of people are saying look gives you confidence that that will happen well um uh you know the the range on inflation that we've had over the last.
"three percent" Discussed on 1A
"Heather i while it's definitely being seen as a as a bigger and bigger problem in a bigger and bigger factor in sluggish economic growth and there's some good studies by emmanuel says out in california and he continues to look at this inequality question how much wealth is held by the by the top 1 percent are he really breaks it down to even the top point oon percent and it's it's almost as bad if not worse than it was in the 1920s and so we saw a little bit of a dip over time with things seem to be getting better in this serie 60s 70s 80s and now we're right back to where we were and in that really unequal period in the roaring twenties lorraine also mentioned that population is not growing like it did post world war two and we also don't have the economic boon i hate to say like this but of a world war walked economies are often driven by armed conflicts around the world so heather this is a very different economy than it was in the 40s vat is the 20s are this is this is brand new yeah and i think that's one of the problems with trying to lift the playbook the reagan playbook reaganomics playbook and trying to use and again today as as some you know the baby boomers in the 80s were in their twenties and thirty so they were just getting into their prime in the workforce years now they're in their sixties and seventies so they're starting in their retiring in math similarly the debt level when reagan was president when he got an office was about twenty five percent debt to gdp now we're sitting in around seventy to seventy five percent debt to gdp so that's why you do see a lot of concerns about whether these bills are going to add to the deficit what's that gonna music constrain growth for our kids and our grandkids.
"three percent" Discussed on 1A
"Yo yo everybody stretch armstrong my name is bobby ghazi aka cool bob love if you love this podcast you're listening to check out our new show was girlish stretch and bob lido this is not your average its view show we're going to be tell us stories that you're not going to hear anywhere else final apple podcast the mpr one app or however you find your pockets bits what's good this is one a i'm joshua johnson we're talking about the trump administration's vision for economic growth now known as magnum x with heather long and economics reporter for the washington post and james pathak lucas and economic fellow and columnist at the american enterprise institute eddie contributor to cnbc let me get to a few more questions and thoughts from some of you before we continue with our next caller andrew asks would three percent annual economic growth be sustainable over a long period of time if we were to grow by three percent each year we would be looking at an economy that would double in size and a quarter century or your quipped to handle that or would it be too much water flowing through to smaller pipe all man jess that's what that's what we want we want we want economic growth caused by the fact what becoming more productive and that score require a whole portfolio things tax regulation public investment education that's what we want if it's comes because were trying to juice up the economy by just cutting interest rates and flooding the economy of money and printing money while no we don't want that we want we want high sustainable growth.
"three percent" Discussed on 1A
"While there may release stood a redesigned social security medicare to grow at one percent of fortunately the way we designed or social safety nets and the reason why our government is having such a hard time right now is because over the last sixteen years the only two years the we actually achieved gdp over three percent was two thousand a foreign two thousand five an iron wanna get in the why is it was a bad reason but we look at our economy today and social security was designed for assistant were older workers would retire and they would avenge see start drawing on social security at everdiminishing ray wall new workers were commended the economy and grow at an everincreasing rate and i urge of guy heather long's common earlier uh you know about that we have an ageing workforce and things like that but i got to be honest i just don't buy um in the reason we may account for maybe about half of the people falling out of the workforce today but the you six number is staying pretty persistently at about nine percent while went number would we brands i'm sorry to could show but i i want to make sure that we pilaf that point as well about the workforce 'cause we got another question about workforce well gretchen on facebook asked what about the impact of automation what about worker training and retraining brian before i come back to you about that as it relates to your business i i don't recall from the magna makes oped that budget director mick mulvaney put in the wall street journal a whole lot of talk about workforce training innovation james correct me if i'm wrong i didn't hear much about no there are a lot of things that weren't in that added that you wouldn't that you would naturally think and if if you're talking about an economy in 2017 the wouldbe words not mentioned in innovation.
"three percent" Discussed on 1A
"Mats message kinda packs a number of things in their one is the carbonbased economy coal and renewable energy and then also wealth and whether or not people will be reinvesting money or just shareholders putting more in their pockets but lemme peel off the top of mats comment is three percent the right number brian i wonder what you think of that number of three percent is that the right target or or woulda amino re attainable target make more sense i think that we should be shooting for five six percent of your land at three percent that's great i mean the fact that we can grow a threepercent is authentic i mean i'm actually looking through some of the data wrote down here in 1930 four during the that so the great depression we grew at ten point eight percent and it we can't hit three during the 1980s a little more modern times it's called that through deaths in spanning a gun to the reagan administration we grew at an average of four point six percent and a lot of times where i hear from older people is that same argument was made after the cardi years that you know we have an ageing population although the dog greatest generation was starting to retire uh we're not gonna be able to move any faster than that but we were really in a pickle here is a country well because lawyer very different economy today i mean when the stock market crashed in 1929 the dow jones industrial average was twenty to forty six as i speak it is more than twenty one thousand six hundred so we're a very different economy today ten percent of a small economy and two percent of a gigantic economy art apples and oranges.
"three percent" Discussed on 1A
"Well ad last week we got the latest read from the there's a small business survey across the nation some tens of thousands of small businesses respond once a month to a survey an end confidence is way up compared to where it was a year ago said there is a lot of hope and momentum towards believing that trump and magnum x will deliver of what brian once the fewer regulations more bank loans and lower taxes or at least tax reform of some sort but that confidence is also just hit the lowest point since trump became president so they're look i think people are stein the look at the gridlock in it's happening in congress and they're starting to fear is any of this going to get done i mean brian just said the number one for him and his industry and construction would be an infrastructure bill there's that's that's just one sentence talking point right now there is in either isn't a bill there isn't any momentum on that and so that's where people are starting including small business owners to get pretty darn nervous i will say brian spot on a about the bank loans and and particularly from smaller and regional banks feeling i in in the aftermath of the doddfrank there was a lot of people rightly in congress rightly wanted to come in and do something to prevent a financial crisis of that magnitude from ever happening again but there has been a lot of second ahmic studies and defend chair janet yellen last week in her testimony to congress reiterated that yes the federal reserve this america's central bank also believes that we need to dial back.
"three percent" Discussed on 1A
"Housing start so essentially since that time we've actually grown in population by almost one hundred ten million people so despite this enormous population growth rashly building less than a third of the houses we built almost forty five years ago mmhmm and so the really you know that my hear people say that we can't reach three percent at in my mind is a business our on see that as pathetic gives a sense of what you encountered in your business your your construction company during the previous administration the are there any particular aspects of what you encountered under the obama administration that you see different from the trump administration that you think all worth remembering in terms of the future of our economic policy absolutely uh during the previous administration the way that the obama administration tunnel look at the economy is they decided that they were gonna make government be also visions for all people the way they decided they were going to pay for this was the wealth redistribution not wealthcreation one of the problems that we've had is in a period of nature years the debt grew almost nine trillion dollars it's ordinarily would be okay however we should have seem quite a bit more economic growth from that level of government deficit spending as we saw during the reagan years for instance but to really put it out there was what we've actually done his handcuffed the economy in my business when i go to the bank and try to get along instead of asking me how many years have been in business home many crews though i have what do i have for plan to equipment what do i have for trucks tools what capacity do i have what do i plan to do with the money these ten the not be the questions at the bank's actually asking me a actually under doddfrank we've actually seen the banks almost twenty two percent of their hiring is actually through compliance off just and the reason why that is so devastating to businesses like mine.
"three percent" Discussed on 1A
"But i think the other wind the word government policy can have a big impact whether taxes or regulation is trying to encourage companies to invest in the future and one of the big conundrums coming out of the great recession is why companies are doing so much research and development wire why aren't they investing for the future joining us now on the line is brian de henault president of b c construction llc it's a licensed building company located in clinton township michigan this just north of detroit he voted for president trump and he says he thinks magona mix is a good idea for economic growth brian welcome to one a israeli me so house business these days or you on pace to do three percent this year quarter of a better than that record rigobert ten fifteen percent excellent xi been a big pick up since january it's been birdie nossa support now solve a made me run off from the drop off we had in the last quarter of last year by the first quarter this year was pretty phenomenal for januaryfebruary to construction business talk about what you think is the strongest piece of this magnum excite dea is there one aspect of it in particular that you think is the biggest boone the biggest benefit to the us economy our hair of course i might be biased because a work construction but the effort structure spending uh aspect this is probably the biggest piece um you know is actually going through quite a beautiful a sadistic seer and kind of israeli not much good to say about where the canneries banikanta really go back to how their wong here economy in real dollar terms once you exclude inflation hasn't really grown in almost sixteen years so we can go back even to the bush era but housing starts in the most recent statistics available may seventeen were one million ninety two thousand which normally when be all that bad until you look at the chart you realizing that housing starts in october nineteen 72 were two million foreigner and 85000.
"three percent" Discussed on 1A
"Now whether or not you think it's delusional there have been few economic plans reaganomics trickledown economics that can become kind of an albatross around the neck of an administration especially if they don't hit their target right well i mean to some extent you right this is cover branding exercise in all like reagan than not call her didn't calls program reaganomics ryan so right and maybe maybe trump didn't like trump onomic ciller branded it as a magona mix and right so he they're setting a goal of the single three percent growth which of course gives your critics a a very easily understandable yardstick and which to measure whether you've had a successful ministration out so if the economy does not start growing at three percent fairly soon uh assuming that trump get some portion of economic agenda then you can say well listen you've been a failure that you gave us you gives an exact number then you've fallen short that number therefore your program has not worked how does in your view james how does magona mix compare at least on a silver fisher level with reaganomics obama nommik what are the big differences similarities what is basically is mostly traditional republican economics cut taxes deregulate a restrained spending but then there is the little bit of the trump twist which is um you know trade uh more protectionist trade stance a public investment in infrastructure and then even and then even like on their strained spending this this plan is not so much worried about you know reducing the future cost growth of social security and medicare that's that's kind of like the paul ryan wing so it sort of reagan.