17 Burst results for "Tim Steno"

"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 6 months ago

"tim steno" Discussed on Bloomberg Radio New York

"For employment Kathy Jones is chief fixed income strategist at Charles Schwab She was interviewed this morning on Bloomberg surveillance I think we're already starting to see some softness in the job market And remarkably this is showing up in the beige book and some of the regional fed write apps that we've seen So I'm a little surprised at that has that optimistic forecast because we are starting to see some loosening in the job market We're hearing from companies that they have to lay off or certainly not hiring the way that they were the hiring freezes are taking place Tesla CEO Elon Musk met with Twitter employees this morning a wide ranging all hands a meeting all sorts of topics came up including a work from home type of content allowed on the platform and yes aliens Twitter shares down one and a half percent Tesla shares plunging 9.2% and that's a Bloomberg business flash This is Bloomberg businessweek inside from the reporters and editors who bring you America's most trusted business magazine Plus global business finance and tech news as it happens Bloomberg businessweek with Carol massar and Bloomberg quick takes Tim steno on Bloomberg radio All right everybody a very good afternoon We are live in Grapevine Texas Gaylord Texan convention center and we are live here at the BNY Mellon Pershing insight 2022 We're going to have a lot of conversations about what's going on in the industry It's really fascinating to talk with all of these financial advisers here because in the middle of the market volatility a middle of the selling they're thinking longer term and there's some calm I haven't seen anyone crying here yet No like a real it's just it's absolutely.

Kathy Jones Bloomberg Charles Schwab Tesla Bloomberg businessweek Elon Musk Twitter Carol massar Bloomberg quick Tim steno Bloomberg radio Gaylord Texan convention cente BNY Mellon Pershing Grapevine America Texas
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:13 min | 10 months ago

"tim steno" Discussed on Bloomberg Radio New York

"Bloomberg radio Now a global news update The White House is again warning about Russian propaganda efforts to justify an invasion of Ukraine press secretary Jen Psaki told reporters it's right out of a thick Russian playbook We've seen them run false flag operations in the past and used confusion to launch military action many times in history U.S. intelligence agencies believe Moscow may be plotting a stage attack against Russians to rationalize the military assault on neighboring Ukraine U.S. troops are in Eastern Europe as tensions grow between Russia and Ukraine President Biden deployed troops to Poland and Germany in response to the threat of a Russian incursion into Ukraine Their arrival comes amid reports rationale has enough troops tanks and military hardware poised along Ukraine's borders to launch a full scale invasion The coronavirus death toll in the U.S. is now over 900,000 That's according to Johns Hopkins University the number of cases stands at about 76 million However there's some good news on the vaccine front The CDC says 212 million Americans are fully vaccinated I'm Brad seeking You're listening to Bloomberg businessweek with Carol matter and Bloomberg quick takes Tim steno V from Bloomberg radio More ultra luxury homes are selling across the U.S. than ever before We're talking about properties of starred in the range of well you know the kind that we look at Tim 50 million or more perhaps I don't know about you Carol but the only place I'm looking at these homes is on the pages of Bloomberg businessweek magazine This week our Bloomberg pursuits team has taken us all over the country And sometimes inside these amazing of bodes I think it's fair to say you can call them compounds Carol So where are these houses located Who lives there and more importantly are we invited I guess we could go to the open houses Yeah You probably wouldn't return or not A quick little Google search You're probably check your assets in your portfolio before you let in Hey Bloomberg pursuit editor Chris raus on arts communist James Tommy are here with all the details James wrote The cover piece of pursuits this week and James A. heavy lift Well you know it's funny James our last guest told us that super yachts are more in demand than ever evidently the same goes for super pricey homes What's going on Well 2021 was the best year ever for homes priced $50 million and above in terms of their sales These houses have always been around but they haven't necessarily been flying off the shelf until very recently But the rich are getting richer and they are eager to spend And so we went around the country looking at different houses that really kind of crossed the $50 million threshold to show you kind of what you can get and where And one of the interesting things that James and I learned while we were looking at this so James wrote a story that said okay we've broken this record on $50 million homes I said okay we've got to see these houses What do they like And James made the observation that some of them are priced unrealistically Over $50 million seems unrealistically unrealistic to all of us But some of them are on spec some are just big pieces of property and they're a hundred $150 million It's just not real That's going to come down a lot So James is James's task was to find places that are sort of accurately priced and probably will sell for about that range And my favorite is the one that he opens the story with which is a $60 million property in east Hampton which is literally 57.3 million You don't need 60 right Let's go But it's location location location I feel like James for this one Yeah completely And if you actually look around at all of the properties the majority of them are on the water or have just other unbelievable views But most of them happen to be on the water The house that we open with is an east Hampton on this tiny stretch of land between Georgia pond and the Atlantic Ocean And it's $60 million is a lot of money but there are actually comparables Calvin Klein the designer sold two lots of few doors down for around $85 million last year So again just as Chris said a lot of people could price my apartment at a $100 million That doesn't mean it will sell at a $100 million And a lot of people tend to slap super high prices as a form of price discovery What will someone pay for it But the houses around the country that we found that are basically reasonable if you can call a $90 million house on less than an acre and a man-made island off of Miami reasonable These are places that have a very good chance of selling at or around ask And I have to say that sort of began to feel a little bit like $50 million There's a bargain one As the actual array of houses come down to earth Well Carol Carol was right in the beginning when she talked about the one on this list that would be the one that I went for And it would of course be in Colorado where I could ski I could mountain bike This one just outside of Aspen 15,000 ft² It's near independence pass Just a fantastic area of the country $51 million but James it comes with an oxygen system in the primary bedroom Even if you're at you know roughly 8000 feet or so You can feel like you're at sea level Yeah that's exactly right And every single house comes with something special You know that's the real that's the real thing It comes with something that really justifies it There's another there's a townhouse for instance on the upper east side that comes with there are a lot of fancy town houses but there aren't a lot of townhouses that have double height entranceways And a wall full of windows and a spiral staircase that runs the top.

Ukraine James Bloomberg Jen Psaki U.S. Carol Tim steno businessweek magazine Chris raus James Tommy James A. Bloomberg businessweek Johns Hopkins University Biden Eastern Europe White House
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:44 min | 11 months ago

"tim steno" Discussed on Bloomberg Radio New York

"Tim steno V from Bloomberg radio This week Deloitte two tomato was out with a new survey and it found that more than 97% of top execs surveyed said that climate change had already negatively affected their businesses and Tim only 19% have implemented some of the most common tools across their firms to address the challenge It's basically taking goals and turning it into impact They have the goals but it's hard to actually take action and have an impact Right there's still that disconnect there That research it was the foundation for a Bloomberg live event that looked at how the C suite is reconciling climate change ambitions with actual impact one company that's been all in on sustainability for years though is the world's biggest brewer AB InBev Yeah they've seen everything firsthand and taken action for as you said many years As part of the virtual forum I caught up with Michelle duchess He became CEO of AB InBev just last summer We talked about the challenges facing his company in the current environment and whether it's 2025 sustainability goals are within reach I've got to say they're actually hitting those goals ahead of time That is the impact that we can have as a company That we deem the walls of the company Then there is this extended impact on what we like to call the ecosystem of AI that has farmers that has the retailers and I can talk to you about the impact on the retailers as well And then there is a much big impact because when you think about this a 164,000 employees we have 2.5 billion consumers The real large scale impact and influence they come when we have our brands that connect much more difficult.

Tim steno Bloomberg radio Deloitte Michelle duchess AB InBev InBev Tim
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:02 min | 11 months ago

"tim steno" Discussed on Bloomberg Radio New York

"I'm the Bloomberg business app and at Bloomberg quick take this is Bloomberg radio Countdown to the close Bloomberg's comprehensive cross platform coverage ahead of the U.S. market close starts right now And this is countdown to the close just 60 minutes left in the trading session Caroline hired remain bostic container rigs joined now by our colleague Tim steno We together welcome TV radio YouTube to dissect well I mean first and foremost a mega deal on the day 69 billion being spent by Microsoft Yeah an absolutely massive one and look at the way that Activision Blizzard investors are reacting They're optimistic that this is going to happen and even Microsoft investors aren't sending shares of Microsoft down too much either Even though the rest of the tech world gets beaten up once again because we're worried about fed rate hikes as soon as March And what that means for your portfolio what that means is sell bonds What that means is tech goes down on the 1.9% level that we're currently seeing we're seeing the NASDAQ really feeling the heat today 282 points at lower We see a 1.4% sell off on the S&P 500 at the moment 86 companies advancing 417 declining on the S&P and we're looking at the Dow also feeling the pain 1.2% lower for your cyclical trade as well for a 126 points And lastly Ross 2000 not getting any love This is in all sort of everything kind of day We're off almost 2% on the Russell It is You certainly see that on a sector level as well There are now only two sectors in the green for the year at least when we take a look at the first level of where we are And we go down it's only now energy in the green for the day as we think about the day versus where we are for the year Otherwise Carolina I think you really mentioned it technology off about 2% Financials as well I know that we've been talking a lot about Goldman Sachs remain but the analysis has to go much deeper I think coming into this year we thought yields are rising banks do well I think some of the compensation costs lately have showed us the analysis is a little bit more complicated than that Yeah this is less about the money coming in It's more about the money going out here You take a look at some of the individual movers of Goldman Sachs shares down about 7% here on the day setting up for it It's gonna be one of its worst days probably at least since mid 2020 We'll keep an eye on that this year right now Camped out right around three 55 Of course the big news today is Microsoft and Activision Microsoft shares down 2% Activision Blizzard up about 27% here at the moment which is below the offering price So kind of significant here that some investors are betting that maybe this isn't quite the done deal that maybe some folks are trying to make it out to be which is point out there's a lot of speculation and a lot of the other gaming stocks out there including take two and EA EA up about 4% Ubisoft over in France the French shares were up about 12% and the CD project in Poland also rose here on the day citric systems up about 5% here on the day on the back of some M and a speculation Meanwhile I want to talk about stress levels because while we've just had a long bank holiday here so perhaps less stressed in terms of individual coming back to work on a Tuesday But what is stress is the bond market and there has been for a while This is a good old move index in the blue for our radio audience We've got a child of just showing the elevated level of concern of volatility in U.S. treasuries that has been elevated since all the way back to basically November we started to march higher Volatility in stocks the vix still very low in comparison We take higher but we're at about a 23 handle So really that theme continues of really the market starting to convulse that the bomb market has been trying to prove it Trying to tempt us forward on much earlier than we currently see the sell off today Yeah look apart from bonds and other big theme that we're covering today Caroline as you mentioned was the massive acquisition announced this morning Microsoft buying Activision Blizzard for nearly $69 billion It was a big part of our quick take stock show earlier today and we spoke to Wedbush analyst Michael packer Check out what he had to say about this deal The bigger acquisition I think is the mobile and free to play games side of Activision's business They have a couple of billion from candy crush about a billion from Call of Duty and other mobile games And then they have about another $1 billion in various free to play games That's something Microsoft's never done before and I think that the know how it activation to take Microsoft intellectual property and turn it into mobile and free to play is pretty big So that's where the synergy is going to come from if the deal does go through That was of course web security analyst Michael packer who joined us a little earlier in the day Romain I thought it was fascinating two things One if the deal goes through but also the mobile side here Microsoft they never won on mobile So here's the thing though I mean we talk about the mobile side here That's not been Microsoft strategy And in fact as soon as the deal was announced everyone kind of looked at it from this idea that this is basically going to be folded into that Xbox ecosystem There's going to be a lot of exclusivity It does not necessarily but this does not necessarily seem like the type of thing that they're going to put out They haven't said if they are but that would be a huge strategy shift if they were to go down that direction that Patrick was talking about Yeah my first thought when this deal was announced was about exclusivity with Microsoft and stuff only being available on Microsoft's platform But I asked a packer about that And he said look that could be a challenge from a regulatory perspective and regulators might not be that happy if they took a Netflix approach right And created exclusive content that were only available to some platforms I'm looking forward to tomorrow's improv But I already exist Yes Roman you don't know about this is romaine and I are just huge gamers That's right Well I mean your point is good and I am curious about the regulatory aspect of this because it seems like a big swath of the video game industry is sort of built on that exclusivity I don't know why this would change anything other than the fact that you got a $69 billion price tag What main you mentioned the share price at 83 not trading at the 95 in part because and we spoke I know you had Michael packed Tim We had an analyst here Scott Kessler over at third bridge saying that that might be in part Maybe the market wondering how long this deal gets done if you're talking about earnings being accretive not until June of 2023 that's an 18 month runway and any.

Microsoft Bloomberg Activision Tim steno Michael packer Goldman Sachs Caroline EA EA S Blizzard
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 11 months ago

"tim steno" Discussed on Bloomberg Radio New York

"Tim steno V from Bloomberg radio This week it's the year ahead issue of Bloomberg businessweek and a favorite part of 50 companies to watch compiled with our Bloomberg intelligence team Putting it together Rebecca panty solutions and strategy senior editor at Bloomberg business week She joined us along with business week editor Joel Weber The way that this whole project starts is they take this massive universe of companies that they cover more than 2000 and basically start running it through their spreadsheets and it's just like this gigantic filtering effect to come up with these 50 And really excited about them because they're not hard calls They're not buy and sell recommendations That's not what we're going to get from Bloomberg intelligence I think it's more interesting and perhaps nuanced than that because we think of them as just companies to watch Some of them have positive sentiment some of them have negative sentiment but they're just ones that we think in the year ahead are going to be really really really interesting companies Yeah so Rebecca come on in here and talk a little bit about some of these companies here I mean the one that I want the one that jumped out at me was Airbnb because I feel like I've been watching Airbnb for years at this point after it's huge IPO and the way the company was able to recover during the pandemic after laying off so many people How did Airbnb make the cut Yeah I think Airbnb will be quite familiar to a lot of us who wanted to travel during the pandemic but didn't feel safe at a hotel for example So bookings have been up and interestingly they've done really really well with long stays So people staying for weeks on end Now the bunker intelligence analysts feel like Airbnb sets itself apart from rivals with its brand advantage So it's very recognizable and it doesn't even really need to spend that much in marketing So that's where the rig intelligence has investors should be watching this company Okay so another one that I love And by the way can we just all say when it's like whatever the weather was was it 19 It feels like it's like single digits Like I'm ready for travel.

Bloomberg Airbnb Tim steno Bloomberg radio Rebecca panty Bloomberg business Joel Weber Rebecca IPO
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:58 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"Have to remember that the fed has a dual mandate right So it's watching the employment picture It's also watching inflation And safe to say that they did not want to do anything to slow workers getting back to work right And so maybe they overdid it I think for years we're going to analyze in terms of fed policy And I think there's some concerns about also making going too aggressive and making a mistake into the new year And can I just interject here again I mean we're getting a red headline crossing the Bloomberg terminal And this is on COVID cases and not to alarm anybody The latest doing cases that we're satisfied with cases but it brings up the idea of sentiment here I mean the headline is for those who want to know Taylor's U.S. COVID-19 cases surpassed 50 million This is based on Johns Hopkins data And I only bring that up because when you talk about what's going to happen in that room on Tuesday and Wednesday at the fed here they're going to talk about inflation but they also have to talk about COVID and how it sort of affects the economy Yeah absolutely I mean there's other headlines coming out like New York is reporting rising deaths and rising cases as well So it also is that death and hospitalization number we have to factor in here But the question is if the economy is not shutting down does that move the needle for the Federal Reserve Or do they react to inflation and a hot labor market first But do you have to have a full shutdown to have an economic impact If you don't have people going to offices they're not buying lunches They're not shopping And so there is definitely an economic impact We're going to continue this conversation That does it for now folks We'll be back on radio on TV for beyond the bell across platform coverage will continue when we take you through today's market close on this Monday You're listening to Bloomberg businessweek with Carol matter and Bloomberg quick takes Tim steno V on Bloomberg radio All right you want this thing to Bloomberg business week and we're going to join our TV team again as we get closer to that closing bell on this Monday But some interesting conversations being brought up about fed policy Tim and we'll get some.

Federal Reserve Johns Hopkins Taylor U.S. New York Tim steno Bloomberg businessweek Bloomberg radio Carol Tim
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:34 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"More than 2700 journalists and analysts in over a 120 countries This is Bloomberg radio Now a global news update multiple reports say possibly more than 100 people are trapped in an Illinois Amazon warehouse It's approximately 20 miles outside of St. Louis A tornado touched down around 8 30 p.m. and caused part of the edwardsville warehouse to collapse Sarah Berman came to the scene after she hadn't talked with her husband Yeah it was lightning bad You know we lost power for about two hours now and then my phone died so it was like I have no idea to get a hold of him I have no idea what's going on And we're just worried sick We just want to know if he's okay Southern Illinois fire incidents posted on their social media sites saying it's a mass casualty incident There's no word right now on how many people are hurt And in another weather related incident two people are reportedly dead and 5 others injured at a nursing home in Monet Arkansas Officials are also calling it a mass casualty event That's the latest I'm Jim Forbes You're listening to Bloomberg businessweek with Carol matter and Bloomberg quick takes Tim steno V from Bloomberg radio So we've talked about NFTs and the blockchain being used for works of art So what about for luxury goods as well We're going to run out the discussion to include every futurist favorite topic we are talking about the metaverse Well the top shelf brands that you know and.

Sarah Berman Bloomberg businessweek Illinois edwardsville St. Louis Amazon Jim Forbes Carol matter Tim steno Bloomberg radio Monet Arkansas
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:48 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"They could potentially charge the person who helped hide the parents of the suspected Michigan school shooter Oakland county sheriff Michael Bouchard said the department believes the parents were helped in getting into the art studio where they were ultimately arrested Bouchard said that prosecutors could charge the individual who allegedly assisted them with aiding and abetting or obstruction of justice Bouchard added there are still questions as to why the couple was in Detroit and inside a commercial building Former CN anchor Chris Cuomo is responding to his termination from the network on his Twitter He says this isn't how he wanted his time at CNN to end and that he's told the world why and how he helped his brother former New York governor Andrew Cuomo He also thanked his colleagues calling them a group of special people CNN confirmed Saturday that they were indeed firing Cuomo after more information had come to light about how he had helped his brother admits the sexual harassment allegations Andrew Cuomo faced I'm Chris courage You're listening to Bloomberg businessweek with Carol matter and Bloomberg quick takes Tim steno V from Bloomberg radio So the newest issue of Bloomberg business week commemorates the 5th year of the Bloomberg 50 it's our annual look at those in business entertainment finance politics science and technology whose accomplishments deserve some recognition The highlight a few more of the standouts we welcome back the editor of the magazine Joe Weber along with businessweek features editor Brett vegan Well let's acknowledge honoree that really stood out to me on the list Somebody who really risked everything at a crucial moment in U.S. history that was really at the start of the year Eugene Goodman So this was one that really when Brett and I started the conversations we just it was like almost was on the list from the get go right Because here was this person in the middle of the quagmire of January 6 as you were trying to understand even what was happening But in the aftermath we learned that there were some heroes And Eugene Goodman one of the capital security officers who actually probably saved lives because of his actions in terms of distracting and leading away some of the insurgents which saved valuable time for the people who were inside and were able to actually secure some doors and perhaps again save lives So Eugene Goodman has been utterly quiet about all of this We reached out multiple times to try and talk to him about the day and the events and the aftermath because keep in mind there have been multiple capital police officers who have actually taken their own lives in the months since And he was quiet and did not want to participate And one of the things that we also learned is that Bloomberg news had people there on the ground who were covering this Billy house being one of them Billy had also not talking about that day So we use this as a way of talking about Eugene Goodman but also Billy's experience Not only covering the events of that day and being Congress reported for years now but also the role that the capital police officers play in the daily coverage And these nice little sides about how he talks to these guys for years right And you almost just take them for granted until all of a sudden they're actually there to do their jobs and protect you So I thought it was just an encapsulation of these quiet American heroes at obviously one of the darkest hours of our nation's history Yeah I mean you think about hero and you really that video I you know chilling and every time I see it I feel like those of us who just saw the video outside for a long time and then once we saw that video inside do you realize okay this was a whole other thing And Billy actually didn't even know about that because he was there on the ground kind of living it So he isn't even really remember when he saw the video of Goodman that went viral but that was for him to be on the other side of the building and living his own version of it That was what we tried to weave altogether We want to talk a little bit more about some of the non business types How hard is it Or is it easier to put this list or do you have a lot more names that come in when it comes to the people that are kind of the non traditional business Wall Street people we cover here at Bloomberg I think it's all about that mix You want to have people that you expect and then some unexpected ones So Eugene Goodman maybe doesn't have much to do about business and the traditional sense except how could you do this list and not honor someone like that one of the most important I think moments of the year Brett how do you think about putting that mix together So we have the right balance of business and sort of curiosity Yeah I think you want there to be a sense of discovery Any good magazine issue you've opened it up and things should feel familiar and other things should not feel familiar and you say I didn't know about that And we think about that with entertainment right I mean that's not a thing that we sort of.

Eugene Goodman Bouchard Michael Bouchard Andrew Cuomo Chris Cuomo businessweek Tim steno Bloomberg radio Joe Weber CNN Brett Oakland county Billy house Cuomo Billy Detroit Michigan Carol Bloomberg news Twitter
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"Business week with Carol matter and Bloomberg quick takes Tim steno V on Bloomberg radio That's what it is It's okay Ask the questions No exactly but I mean in terms of the outlook I mean I think there's uncertainty once again back in the morning We'll get some more certainty on Friday with that jobs report We will indeed All right let's get to where the national news and Nancy lions Thanks geralt A case of the COVID-19 on Macron variant has been detected in the U.S. Doctor Anthony Fauci the nation's top infectious disease expert says a traveler who returned to San Francisco from South Africa tested positive The individual is self quarantining and all close contacts have been contacted and all close contacts thus far have tested negative Fauci says the traveler was fully vaccinated but he does not believe the individual had a booster shot We will not hear a decision until next June but the Supreme Court today heard arguments centering around a Mississippi law banning abortions after 15 weeks Mississippi contends the ruling in roe V wade was wrong and that state should be the ones deciding Julie Rickman at the center for reproductive rights told the justices that she disagrees The individual is self quarantining Mississippi's ban on abortion two months before viability is flatly unconstitutional under decades of precedent Mississippi asks of the court to dismantle this precedent and allow states to force women to remain pregnant and give birth against their will The court should refuse to do so Recommend says nothing has changed to justify reversing the decision Chief justice John Roberts wanted to know why 15 weeks is not enough time for a woman to make a decision concerning her pregnancy A 15 year old suspect in yesterday's deadly high school shooting in Michigan is being charged as an adult Ethan crumbly is accused of killing four students now officials confirmed today a.

Tim steno Bloomberg radio Nancy lions geralt Mississippi Anthony Fauci roe V wade Julie Rickman Carol Fauci infectious disease center for reproductive rights South Africa San Francisco U.S. Supreme Court Chief justice John Roberts Ethan crumbly Michigan
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"Recapping stocks mix that's in theater record up by less than one tenth of 1% I'm Charlie Thomas that is a Bloomberg business flash All right Charlie thank you so much you're listening to Bloomberg businessweek Carl master along with Tim steno Vic we are live at the UBS arena in elmont New York Now the newest show of Bloomberg businessweek Tim right It is all about inflation It is back in a big way And what's really wonderful is the issue deals with several stories and different aspects as we look at the inflation debate that's underway I have to tell you truly one of my favorite stories in this piece was by Jim allis The system managing editor for Bloomberg business We joined us on the phone from New Jersey Jim this wasn't just one of my favorite pieces because we got to see a picture of you with kids from early 1980s Goodness But I have to tell you I'm a millennial I was born in the mid 1980s I've heard my parents talk about mortgage rates in the 12 14 and 16% but that is not something that we live with right now So take us back to this period of time in your life and what you remember from then and also the lessons that you have for policymakers right now who maybe need to pay more attention to way consumers are feeling about the economy Well what made this story such an interesting one for us was because there seems to be an intergenerational shift here and that people who are used to rates that are 3% or 4% I sort of forgetting what inflation can do to rate and why so many older Americans are afraid of inflation So when we talked about how to do this we said well hey you're old Take us back And so I said sure I'll put back to when I moved from Chicago at the.

Charlie Thomas Tim steno Vic UBS arena elmont Jim allis Bloomberg businessweek Carl Charlie Tim Bloomberg New York New Jersey Jim Chicago
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:05 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"Businessweek with Carol matter and Bloomberg quick takes Tim steno V from Bloomberg radio So when you think about the venture capital world and those that supported the entrepreneurs that helped build today's high-tech society and really the world's most influential tech companies then you've got to think of our next guest John doerr went to work for kleiner Perkins all the way back in 1980 It's a company where he now serves as chairman He was an original investor in board member at a small company called Amazon Heard of it Another small company called Google Heard of it Back in the likes of Larry Page Sergey Brin Jeff Bezos and many more You really had a front seat to so much that is so substantial in our world today He has seen innovation and disruption up close and personal Now he hopes that same mentality can help us address and fix the climate crisis Dorothy is it all out in his new book speed and scale an action plan for solving our climate crisis now He told Carol and Bloomberg news cross asset reporter Katie greyfield that he set out to create this framework way back in 2006 after seeing the documentary an inconvenient truth with his then teenage daughter Mary I had gone with some friends and her to see Al Gore's epic movie But they couldn't really the climate crisis I think in the global conversation 8 million people saw that movie but at dinner we went around the table and I had a number of my Republicans friends there And we talked about well is the world getting warmer Yes Is it man-made or not We had some disagreement over that at the time But then we asked people what they thought and when it came to Mary she turned to me and she said dad your generation created this problem You better fix it Yeah And I had no idea what to say or what to do I was speechless She said I'm scared and I'm angry And so I set out with my partners to understand climate technologies the markets the innovation the forces at work And over time we devoted over three of our venture funds $1 billion to about 70 climate tech startups And it was hard and look for a while like the portfolio would fail But we stood by these entrepreneurs and today that $1 billion is worth $3 billion in companies like beyond meat and phase And other investments So what I learned from that is it takes guts and courage and staying power and it's hard But that was then and this is now and test us what the 7th most valuable company in the world and innovations in the transition to a clean energy economy is the biggest opportunity of our lives I'm convinced And John I want to hear more about the action plan that you lay out in the book I mean what steps do you view are needed to take now to address this climate crisis Well.

Tim steno Bloomberg radio kleiner Perkins Larry Page Sergey Brin Carol Katie greyfield John doerr Businessweek Jeff Bezos Bloomberg news Mary Dorothy Amazon Al Gore Google John
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"Our audience on a Bloomberg radio and on YouTube It's Bloomberg businessweek on this Friday November 5th 2021 I'm Tim steno V Carroll master is off today Joining me this afternoon is Bloomberg news process that reporter also my co host of quick takes Katie greyfield Katie no shortage of stories playing out of the markets today I know even on a Friday No one's no one's slacking off here Well stocks are off their earlier highs You just heard that from Charlie financials in healthcare weighing on the S&P 500 Earlier gains driven by better than expected jobs report We are talking about that in just a couple of minutes Pfizer also among the best performers in the S&P 500 rallying after the company said it's COVID-19 pill reduced hospitalizations and death in high risk patients by 89% We're going to hear from Pfizer CEO Albert borla in just a few minutes Today's big take how the power grid is just another casino for energy traders And guess what We're talking shiba E News but not necessarily the crypto Katie I know I can not wait I feel like I see these dogs actually everywhere now Well there's a reason because demand and the coin has increased demand in living breathing shiba E News That's our story from Bloomberg businessweek today We're also going to end the program talking productivity with a Google executive and we're going to talk crypto with grayscale CEO Michael Sonnen shine First up though let's get to the market drivers report And with us in the Bloomberg interactive broker studio is a Dave Wilson stock editor for Bloomberg news Also joining us is Reed picker U.S. economy reporter for Bloomberg.

Tim steno V Carroll Katie greyfield Katie Bloomberg businessweek Bloomberg news Pfizer CEO Albert borla Bloomberg YouTube Charlie S Katie Michael Sonnen Google Dave Wilson Reed U.S.
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:23 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"And Bloomberg quick takes Tim steno V from Bloomberg radio Toy maker Mattel has now seen growth and increased market share for 5 consecutive quarters The company's chairman and CEO expects that trend to continue You know cries joined us on the heels of a third quarter earnings report that beat earnings and top line expectations He tells us his company was well prepared for the supply chain bottlenecks that were seeing right now across the globe He's not facing the same challenges that other companies are It's not that we were not impacted but we did anticipate short supply and longer lead times and factor that into our planning with very specific mitigating actions And this is really where our scale expertise and flexible supply chain model which we restructured over the last three years is planned to our advantage and we are ready for a strong holiday season One of the things that we've been wondering and we saw during the pandemic where people were just hoarding and buying tons of stuff and stocking their cupboards And companies can do the same thing by doing advanced buying and just kind of overstocking People do it with unit sales or something or certain commodities How much did you kind of overstock potentially or buy to make sure that your shelves that you had sufficient inventories for the season Because it sounds like you've got already what you think you're gonna need for the holiday season where they need to be already that you're not worried about it being stuck on ships out and see Is that fair to say Yeah As I said this is not that we don't see issues We do work for those challenges and still expect to achieve growth in the fourth quarter and growth in the holiday season Right We are working very closely with our retail partners We look to have the right products at the right time with the right retailer We think demand remaining strong and do what we can to try and make all of it We may not be able to make all of the demand but we do what we can to try and make and still expect to grow in the season So may not be able to meet all the demand on the flip side on is it possible that you over order or overproduce at this point I guess over produced and that you're left with stock after the holiday season That's possible too We don't believe this is the case If anything we are chasing demand demand is outpacing capacity right now and we are chasing it This is what we do This is exactly the core competence of the company and we traditionally excel during the holiday season It does take a lot of planning We create demand and then we try to fill it and we work closely with the retailers to cater for this demand and be able to meet the needs of our consumers We talked earlier this year enon and the narrative really was around the idea of parents and grandparents spoiling their kids as a result of COVID lockdowns hybrid schooling as things start to open up as kids potentially under the age of 12 could get vaccinated very soon Are you concerned that demand will dry up and kids will start doing experiential things rather than buying things The industry was expected to grow before the pandemic and We believe it is a growth category on the other side of the pandemic It is fair to say that the pandemic did stimulate demand but it wasn't all positive They also headwinds as we know in terms of supply chain COVID related lockdowns written closures and other factors that impeded demand But that said we haven't just at Mattel We haven't just kind of gone through the industry We grew almost double the industry growth rate in the quarter and year to date In fact we even accelerated our market share gains in the third quarter So we're not we're not just writing the wave of COVID related demand but we are actually ahead of the industry and do what we can to continue to innovate and create great products that inspires and detain and develop children to play Hey you know I was both of us Tim and I were at the milken institute global conference And I hosted a panel with global M and a And one of the things that came up is that yes companies are continuing to do deals where in track for a record year 4 trillion perhaps maybe in 5 children But the other thing that they said that's happening a lot of is alliances And I think the partnerships that you do whether it's WWE or with Disney are important to your growth story tell me about the renewed partnership with WWE How does that help mat specifically on the top and bottom line With our increased capability and stronger platform that we have built we have more more capacity to grow partnerships This is something that we were less focused on in the past given the strength of our own catalog but we now can expand our business through the partnerships with key players with big important franchises global franchises in addition to what we do with our own catalog So the WWE is a great example of renewing a long-term relationship for a really great action figure franchise and likewise also we just expanded our relationship with business for the pixel movie light year This is the origin story of brands light year which is expected to be very Toyota very playful great movie and a lot of really exciting product We have the global licensing rights to develop the toy line and expect expect to launch that in the summer of 2022 So another opportunity for us another growth and liver for Mattel leveraging the scale of more than $470,000 what we sell our product You know I'm wondering about Matt and 13 shows in production 30 plus are in development new content on Netflix.

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"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:38 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"At Bloomberg quicktake He's a Bloomberg business lash Bloomberg world headquarters on Charlie park We move into the final art trading on this Tuesday October 26 week out the Dow the S&P and as that higher the down S&P on track for record closes today with the S&P up 17 right now a four tenths of 1% the Dow is up 89 up three tenths now stack up 36 out of the gain of two tenths of 1% Stocks had records as corporate earnings helped boost sentiment of it lingering concerns about inflation and growth for ten year yield right now 1.61% ten years up four 30 seconds spot gold down $13 the onslaught by 8 tenths of 1% 1793 back below 1800 West Texas intermediate crude rallying 1% WTI up 83 cents a barrel 84 58 on WTI Bitcoin down a $200 Bitcoin 62,333 Bitcoin lore by three tenths of 1% Earnings front and center and among the companies reporting after the close of trading today Visa Microsoft alphabet the parent of Google and Twitter So what will Twitter need to show man deep Singh as a senior tech analyst with Bloomberg intelligence Of what Twitter needs to show is consistent user growth and at pricing growth We saw from Facebook last night that they're at pricing growth has moderated Partly due to IDF a partly due to users spending less time on it Guess what Twitter could be the beneficiary of it So could be on the bed and others And that's what we want to see And right now Twitter shares they are lower by 1.3% He mentioned Facebook Facebook shares down four and a half percent also after the bell Visa down now by 6 tenths of 1% Microsoft up 5 ten to 1% alphabet parent of Google up by 8 tenths of 1% Again recapping tenure yield 1.61% stocks higher S&P at a record of 18 up four tenths of 1% I'm Charlie peloton That is a Bloomberg business flash This is Bloomberg businessweek with Carol masser and Bloomberg quick takes Tim steno V on Bloomberg radio All right you are listening to Bloomberg business week Among our best friend stories on the Bloomberg actually Tim is it still our most rat story on the blunder Pulling it up pulling it up and it's among her best friend It's.

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"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"Global news update A U.S. drone strike has killed a senior Al-Qaeda leader U.S. central command is saying Abdul Hamid Al matar has been killed by a U.S. Military drone in Syria U.S. Army major John Rigby says in a written statement there were no other known casualties from the strike A couple of big retail chains will start offering the COVID-19 booster shots from Moderna and Johnson & Johnson Walmart and Walgreens pharmacies started giving out the shots yesterday the CDC recommending the Moderna and Johnson & Johnson boosters Thursday The U.S. Supreme Court will hear a challenge to a controversial Texas abortion law in a pretty quick move for the high court oral arguments are now planned for November 1st And Kellogg's is being sued for 5 million bucks for allegedly not putting enough strawberries in its frosted strawberry pop tarts NBC ten in Philadelphia reports the lawsuit says the pastry claims to have more strawberries than it really does I'm Scott Carr You're listening to Bloomberg businessweek with Carol matter and Bloomberg quick takes Tim steno V from Bloomberg radio All right everybody it's the question of 2021 inflation transitory or perpetual We're gonna put a buck in the jar who's doing that Bostic Raphael bostic of the Atlanta fed Every time somebody in the office says transitory inflation they have to put a buck in the jar Well anyway the never ending question came up a lot at the milken global conference this past week out on the West Coast It's getting to a point where even market experts are really kind of unsure where to find value as a result That's the story we heard from Scott minor The CIO over at Guggenheim investments He's a familiar name of course to the Bloomberg audience And he told us the upward movements and asset prices are unlike any he's seen in his career And then he sees modern monetary theory MMT becoming a reality I have never seen a time like this where.

Moderna U.S. central command Abdul Hamid Al matar John Rigby Johnson & Johnson Walmart Walgreens pharmacies U.S. Scott Carr Carol matter Tim steno Qaeda Bloomberg radio U.S. Army Syria Johnson & Johnson Bostic Raphael bostic U.S. Supreme Court CDC Al Kellogg
"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:47 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"And it's interesting tale I mean you talk about what's going on with lamb research and just to tie it back to Tesla They're maintaining that general outlook here for 50% growth At least that's the target that Leon Musk has put out there and he's made it clear here They're hitting that 50% growth target is going to be depended here on those supply chain issues And more importantly on the chip issue the fact that they're sticking by that at 50% at least in the interim it seems to suggest that they've got an under control Yeah romaine Tesla third quarter gross margin coming in above expectations at 26.6% for Tesla beating estimates of 24.2% and other update coming from the company The company saying that the Gigafactory in Texas is progressing as planned Remember they announced just a few weeks ago that they were moving from California to Texas for the corporate headquarters And bottom line we have Tesla jumping around in the after hours IBM by the way just coming out as well Third quarter revenue it looks like it's a little bit of a miss 17.62 billion versus 17.83 I know Taylor you're on this Yep take a look at here Third quarter revenue 17.6 billion in improvement sorry I missed here of 17.8 billion Third quarter cloud though in cognitive software revenue that's a key one Also a little bit of a miss by .69 billion versus estimates of 5.78 billion total overall revenue Again manage down the income statement right in line in terms of operating EPS So we're going to really dig into a lot of these numbers I know here on TV Also focusing a little bit too here on Tesla as well All right Tesla shares right now down about 8 tenths of a percent That's going to do it for our cross platform coverage on radio TV and on YouTube We'll see again same time same place tomorrow everyone This is Bloomberg businessweek with Errol matter and Bloomberg quick takes Tim steno V on Bloomberg radio All right you are listening to Bloomberg businessweek Carol master along with Tim steine I'm just watching shares of Tesla they rallied and then they're down about one and a quarter percent Sure if IBM down 3.8% as well Let's get to Washington D.C. for a check the latest world in national news Nancy lions is standing by hands Hey Tim while the FBI will be making a statement in the next 30 minutes after searching a wilderness park in Florida several personal items belonging to Brian laundry were found there today He's a person of interest in the murder of his fiancee Gabby patito who was found in Wyoming after being missing for more than a week Nicholas Cruz the alleged shooter in the marjory Stoneman Douglas high school shooting in Parkland Florida has pleaded guilty to all the charges against him in a Florida courtroom today including felony murder charges I am very sorry for what I did and I have to live with it every day And if I were to get a second chance I would do everything my power to try to help others And I am doing this for you I do not care if you do not believe me Cruz is now 23 and faced 17 murder counts in 17 counts of attempted first degree murder The charges hold a minimum of life in prison a maximum of the death penalty President Biden is scaling back his build back agenda hoping to find the sweet spot with the package so that he can find the votes needed for passage Bloomberg Washington correspondent Joe Matthews says he held meetings with both progressives and moderates yesterday which yielded some progress There does seem to be a new energy in the building here today A new urgency as The White House likes to call it Thanks in large part to those meetings separate sessions with moderate Democrats and progressive Democrats from the house I will mention that the Chuck Schumer the Senate majority leader said coming out of his closed door caucus meeting yesterday that there was unanimous consent in his caucus to make an agreement by the end of the week You can hear more about this from Bloomberg's Joe Mathieu on Bloomberg's sound on at 5 Wall Street time here on Bloomberg radio Global news 24.

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"tim steno" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:33 min | 1 year ago

"tim steno" Discussed on Bloomberg Radio New York

"Matter and Bloomberg quick takes Tim steno V from Bloomberg radio So last week we featured a little bit of our conversation with Michael Dell It was when he talked about the near term outlook for Dell Technologies and really the broader technology sector There's so much going on certainly in the financial markets when it comes to tech stocks and really just broader in terms of some acro themes Well in part two of our conversation we're going to dive deeper into the billionaire innovators origins We also got his thoughts on the labor crunch taking place across the U.S. and also what he thinks is the next big technological breakthrough Here's a hint AI is going to play a big role That's a pretty big hint Tim Yeah it is Just going to say A portion of this interview is featured in this week's double issue It's part of our Bloomberg business we talk series And we start off with a story from Dell's new book it's entitled play nice but when a CEO's journey from founder to leader and it's about facing down activist investor Carl icon when he bought a stake in the company in Dell and tried to block Michael Dell's move to take the company private It was very hard You know I didn't really have much experience dealing with somebody who would just go on television and lie You know that's not something I had experienced very often in my business career But ultimately as I talked about in the book I did go to his house and confront him and really saw that he didn't have any plan whatsoever for the company And to him it was just a big poker game and it turned out to be way more difficult than I thought as was chronicled on Bloomberg television and radio very extensively I remember it This is a story that never ended Until it did And fortunately we were able to accelerate our transformation our shareholders got some of the benefits of our transformation if we were successful which would turn out we were without taking on any of the risk And you know I learned how to face down Carl icahn So there you go I'm wondering Michael if you missed the days of running a company that's private That doesn't have a report card available to you Each and every day Monday through Friday from 9 30 to four every day where you watch the company's stock move because you do talk a little bit in the book about the way that big swings in the company's stock would make you feel and the way that you thought that analysts and investors were missing it Do you miss the days of not running a public company Well I've done both right And the key for us was really putting the company on a different trajectory And back in 2012 and 2013 the markets really didn't give us permission to go invest in those new areas Now I think we're in a different spot New capabilities new growth rate and new trajectory And we also reignited that entrepreneurial spirit which was the formation of the company and very much kept that alive even as we've transitioned back to being public again Well you know it's interesting too and we've really leaned on I think even more so during the pandemic are our leaders right Of companies to help us get it through I think about Black Lives Matter And you know one of the things we wanted to ask you And it feels like from reading your book you don't play around too much or carefully around politics And I can understand that for CEOs But you know your home state of Texas you know I have a lot of family in Texas You seem to be you know you really love that state And you write a lot about it in your book How do you feel about things like the abortion law and the voting rights one Would you have spoken out about Yeah I have spoken out about voting rights and certainly we've communicated with our team members about some of the recent laws Look I would much rather see our policymakers focus on education and infrastructure and broadband and the things that will help the state continue to be successful And as we've communicated to our team members our belief is that you know they should have more access to healthcare not less Do you worry though about you know some of these issues that it'll hurt Dell's ability to track talent especially in Austin Or generally speaking Haven't seen that problem yet We'll see how it plays out And again our company will go where the talent is And let's see also how the courts rule on these things and I think there's still a lot that we don't know about how this plays out If I want to stick on talent because we have spoken to executives in recent months who've said hey the labor crunch that we're seeing it's really across the spectrum from hourly employees all the way up to executives If you had to raise wages to attract and retain talent well you're always adjusting compensation and benefits A pretty pleased with our attrition our data says we're in the lower quartile of attrition So haven't really had an enormous challenge there as I know many companies have And look you know our job is to create an inspiring and passionate environment where people can do their very best work And we attract a lot of young people into our company give them those opportunities I think if we keep doing that we'll be just fine EMC it is a company that we know we've all talked about it the king of growing storage device market We know cloud computing is changing all of this A former we were talking to some of our colleagues a former AMC executive telling them that EMC was once the last or was the last great storage company they'll never be another one So what is the future of that market in your view And how do you think Dell specifically can benefit from that Well the interesting thing is if you peel back the onion on just about anything that's going on you were talking about crypto earlier Autonomous.

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