36 Burst results for "Tom Busby"
Dow down 62 points amid skepticism over stimulus talks
"Stimulus talks again on tap, but will they bear fruit? We don't know, but we do have Bloomberg's Tom Busby joining us right now. Good morning. Well, investors are worried Lori about the chances for another federal corona virus stimulus bill, But as you said talks continue today. Now, after stocks began the day sharply higher the Dalek triple digits right now Dow is down 62 points the NASDAQ Down three the S and P 500 lower by eight
Fresh update on "tom busby" discussed on WBZ Morning News
"We go on Here's Tom Busby. Well, thankyou, Jim and this is it. Deadline day for another Corona virus stimulus package from House Democrats and White House negotiators. Now no sign of progress on Monday sent the Dow tumbling more than 400 points. But with talks resuming today down futures right now, 145 Goldman Sachs giving its workers up to half a day paid time off to vote. This election day. Target is also giving workers paid time off to vote and to work at polling places..
Study of Eli Lilly Covid-19 Drug Paused Due to Safety Concern
"We begin with another drug maker, halting a study for a Corona virus treatment. Safety concerns air pausing Eli Lilly's antibody trial. We get the very latest from Bloomberg's Tom Busby. Nathan and Karen Eli Lilly says enrollment of participants in a clinical trial of its antibody treatment for the virus has been paused due to a potential safety concern and independent data Safety monitoring Board recommended pausing enrollment in the government sponsored trial. Lily did not say why the panel recommended the pause. Lili is one of several companies developing so called monoclonal antibody therapies, which can potentially aid those with early covert symptoms from developing severe cases. Tom Busby Bloomberg Daybreak. All right, Tom. Thank you. They're lovely News comes a day after Johnson and Johnson polished. It's Cobain 19 vaccine trial because of an unexplained illness. Jnj chief financial Officer Joseph will kills us. The company pause the trial on its own The public I would hope would look at Today's temporary pause and again be reassured that we hear a Johnson of Johnson and I believe across the industry or following every proper safety protocol guideline to its utmost degree. Book says adverse events are unexpected part of a drug study. JNJ doesn't know whether the person in question received the vaccine or a placebo as the company is not privy to that information at this
Moderna Vows to Not Enforce COVID-19 Vaccine Patents During Pandemic
"From Cambridge drugmaker Moderna this morning as it barrels towards getting a Corona virus vaccine approved and on the market, it's 7 38. Let's get right to Bloomberg business. Here's Tom Busby. Well, thank you. Jeff Moderna says it will not enforce the patents it holds on its promising Coben 19 vaccines, at least while the pandemic is still raging now, that could prove to be a big help to competing companies and researchers. Looking to develop their own vaccines.
Trading Volumes Could Spike by 8 Times Normal Levels on Election Night
"With a tight race and President Trump, who's already questioning any outcome that doesn't include him. Winning Wall Street is gearing up for an election night like no other were not necessarily expecting it out. Come on Election night. This year. I think it's gonna be a little bit different. That's Casey San Bergen, Global head of strategy at the tech consulting firm TRS Group, which is predicting trading volume on election night will be eight times its normal level. But I think there's just so much volatility and there's so much misinformation in the market right now. People just don't really know how to react. With that much activity expected in many traders working from home banks are already testing out their networks to see if they can handle the volume. Which could continue for a long time until a winner is declared. You know, the one thing that's that's a question mark is How long is it going to take the town absentee ballots and just not knowing when those ballots they're going to come in? Just adds to the uncertainty and Election Day November 3rd. Now just one month away, Tom Busby Bloomberg radio.
Money News: Tom Busby
"Of optimism on Wall Street this morning on signs that progress is being made. And hopes that lawmakers will reach some kind of consensus on another Corona virus stimulus package that push stocks higher Wednesday and we talks slated to continue today. Down futures now up 225 points. But job cuts are weighing on investors, American and United will lay off a combined 32,000 workers today. Allstate insurance cutting 3800 jobs just out attorneys beat from Pepsico for last quarter. That's thanks. The sales of sodas, Frieda lay snacks and Quaker roads products. Thumbs up from the head of the FAA who piloted a test flight of the revamped Boeing 7 37 Maxjet. He called it productive and said the agency is now in the quote homestretch of its review. That jet has been grounded worldwide since March of last year after two crashes. And it'll cost you more to fill up in the garden state Starting today, New Jersey's gas tax up more than nine cents a gallon with money news from Bloomberg on K Y w I'm Tom Busby. All right.
French wine volumes to recover after record-early grape harvest
"Year, according to French agricultural officials. Despite a record early start to the grape harvest, the earliest in centuries in the burgundy and champagne regions, they say, though the quality is pretty good, the warm weather and something conditions lead to a pretty good harvest in most of the region's That's Mitch Frank, news editor at Wine Spectator magazine. He says the reason for the early harvest rising temperatures caused by climate change. Wine is already more than $70 billion industry in the U. S. And Americans should expect to pay more for those wines from France. That's because the Trump administration began imposing a 25% tariff on French wines earlier this year. Wine drinkers will likely see an increase in prices passed on from sellers, who are also paying Mohr thes tariffs are mostly hurting small businesses here. They're seeing less of them on the shelves because people just don't bother to carry them. Or they're playing Tom Busby Bloomberg
"tom busby" Discussed on KMOX News Radio 1120
"Bloomberg's Tom Busby on Saint Louis News. Radio KMOX KMOX news. Time is now 6 20 Roger Brand of a steeple traffic center. Looks like there's something in the middle of a highway 40. Yeah, something I'm not sure what it is Michael this traffic court service Midwest money, just debris of some nature in the center, Lane reported Westbound 64 right here. Boone's crossing. So watch for that. I know we've had our issues. We're stalled on was a bunch of them out there most among the shoulder, But they were clearing one for the right lane Sound pound, 55 battles. And now the reporting one in the right lane on south found 55 at Butler Hill. We had that earlier went on eastbound, 44 deceased of six wives. That was also reportedly in the right lane. So just keep your eyes peeled on Some of these drives in starts, um, issues out there that are popping up seeing a little bit of a back up south bound On 21 approaching the Merrimack River Bridge before we get to 1 41 so you could have an incident there, South Bound 61 of Queer Bridgework Zone. There's some flow traffic to 70 in old historian or county still looks all right in 1 70 south bound from 2 70 down to frost get working out there at this point in time, but right now again, not seeing any delays there, either. David West Money three corners at Hampton, Holly Hills. Yet what are you waiting for? Singles is oldest coin shop, their newest or Midwest money, collectibles. And on the original corner Great Model Railroad display. You could see free the first Sunday of every month. Midwest Money. Three Corners isn't cash in the bank better than scrap in the drawer. Next updated 6 30 from the steeple Traffic Center. It is going to be really beautiful today, just a little more humidity than yesterday, but son mixing with clouds and a high of 85 69 overnight sun and clouds. Tomorrow with a shower of.
Salads sold at Walmart, Kroger, H-E-B with recalled onions included in new USDA public health alert
"Bloomberg's Tom Busby joining US live and one of the retailers that are being impacted by the expanded warning from federal health officials, Tom Well, this is scary News, A WalMart Kroger, the nation's biggest grosser KGB. That's a big change in Texas, some others. This is their, including in a new public health alert because they sell ready T chicken salads, breakfast bowls and other prepared meals that includes some California grown onions that have already been recalled due to salmonella contamination. So be careful what you
Ann Taylor Owner Files for Bankruptcy
"No doubt a lot of big retail chains are struggling to survive the Corona virus lockdowns and pull back in consumer spending. And this morning, Tom Busby word of another big bankruptcy. Well, this time the company is a scene, a retailer owner of the and Taylor, Katherine's and Lane Bryant chains filing for bankruptcy protection this morning. Now, some of those doors will be shut down for good. The company, though working with creditors to try to remain in
Around 1.8 million Americans filed for first-time unemployment last week, continuing downward trend
"Thirty eight the numbers are out on unemployment let's find out to what effect it's having on the markets here's Bloomberg business and Tom Busby thank you Jeff the one point nine million first time claims for unemployment benefits you just reported on last week well that was about a quarter million fewer than the week prior that's a good trend but continuing claims unexpectedly increased even though more business is a very open to more people went back to
"tom busby" Discussed on KYW Newsradio 1060
"On K. Y. W. A. Tom Busby from Bloomberg good morning Tom Hey good morning Carol will good news and housing thanks to record low mortgage rates applications for loans on new home purchases last week up little more than five percent in that caps off the biggest seven weeks surgeon those applications in twenty six years now revising existing loans they were down though that sent over all applications lower for the week on wall St Dow futures are up up a hundred fifty seven points and that's coming off three days in a row of gains for stocks all on optimism for a quick economic recovery more data out this morning though including word from ADP hats on private sector payrolls for last month and we're expecting hoo boy about nine million jobs lost their earnings from Camden zone at Campbell soup this morning very strong from last quarter sales up fifteen percent a lot of lockdown Americans bought up comfort foods like it's stupid it's goldfish snacks even raising its full year forecast and Google's now being sued for invasion of privacy and for violating federal wiretapping laws it's been accused of secretly tracking and collecting billions of bits of info about internet users even though people requested that data collection be turned off when using its chrome web browser with money news from Bloomberg K. Y. W. I'm Tom Busby all right thanks Tom this might be the coolest graduation ever because of the pandemic summer Isles Somerset island prep how to do it on jet skis times call for unique measures we've been telling our classes twenty twenty I challenge to be overcome so this is another challenge that we're going to overcome it's going to be the last shows that they have to overcome for high school to go out and socialise principal was on a boat in the middle of the water coming up it was a stealth operation will tell you what disappeared that's up next at seven twenty with.
Nearly 3.2 million workers seek jobless aid, raising total layoffs since virus struck to 33 million
"And we're just about ten minutes away from the latest weekly jobless claims data which will be bad for sure but Wall Street doesn't appear to be sweating this one out Tom Busby no no doubt those numbers will be awful Debbie for sure but minutes ago Chicago based outplacement firm challenger gray and Christmas reported planned corporate layoffs in April were up sixteen hundred percent from the same month a year ago when those initial jobless claims for last week forecast the showing of the three million more Americans looking for benefits but here's the silver lining economists say that's less than half the number we saw a few weeks ago a sign of a slowdown in massive
Stocks Fall on Recovery Fears and China Tensions
"Of those money news down K. Y. W. we check in with Tom Busby a Bloomberg data they Brandon will economists from both Goldman Sachs and Morgan Stanley now say there is evidence of the world economy is starting to recover from the corona virus and all the rules restrictions placed on businesses and consumers but with about four minutes ago ahead of the opening bell on Wall Street it doesn't look like it Dow futures down two hundred eighteen point stocks long track to extend the losses we saw Thursday and Friday that's after president trump accused Beijing of creating the corona virus in a lab and then covering things up when it got out China denies the
Markets Fall on Recovery Fears and China Tensions
"We're only a few days into the month of may it's already been a rough one for investors and now even more for Wall Street to worry about Tom Busby low boy these worries just keep piling on Debbie there's the ever present jitters about the corona virus concerns about dismal economic data that includes this Friday's April jobs report should be terrible it also fears about a collapse in corporate earnings will now there's one more rising tensions between the US and China the president last night on fox news doubling down on claims that the corona virus began in a Wuhan lab and that Beijing tried to cover up its role in the outbreak once it got loose he also threatened China with new tariffs that stocks lower in Asia also in Europe and futures now down two hundred twenty five
U.S. Farmers Dump Milk as Coronavirus Restaurant Closings Destroy Demand
"Ten when U. S. dairy industry which produces thirty eight billion dollars worth of milk every year is in crisis that's after years of Americans drinking less milk a tumble in milk prices and bankruptcy filings for Borden and dean foods the nation's largest milk producer and now the corona virus outbreak unable to sell their product or freeze it struggling farmers are dumping their milk instead farmers from all over the country D. New York Vermont Georgia Florida Texas Idaho all the way to California started dumping milk that's Matt Gould editor of dairy and food market analyst and the big problem for farmers right now is that schools and restaurants are closed cutting sales of milk butter and cheese in half we consume more dairy when we go out to eat and we do when we go to the grocery store and have to cook her own meals and buying an extra gallon of milk can not make up for those losses Bloomberg money watch a twenty six and fifty six past every hour I'm Tom Busby for ten
"tom busby" Discussed on WBZ NewsRadio 1030
"Very windy on revere beach Boulevard this morning thank you Jim and how about this we know the news is very serious these days but there are some stories that you still have cut to just laugh about Laura Bassett of GQ magazine at a tweet that we liked we've been so worried about my ninety five year old grandmother she tweets in a retirement home she called us today to say just one thing she ran out of Tito's vodka and she would like a shipment please and thank you very much even the humor in retirement homes it is eight thirty eight so let's check in with Bloomberg business right now and the futures numbers have been pretty much all over the place this morning let's get an update now from Bloomberg business here's Tom Busby thank you Jeff and we could see some solid gains right now on Wall Street those futures as you said all over the place right now up by a hundred twenty eight points investors hopeful that the two trillion dollar economic recovery package signed into law on Friday is really going to help combat the spread of the virus also those checks for many Americans will start going out within three weeks lawmakers in Massachusetts and Ohio in New Jersey proposing bills that would require health insurers to pay well there goes Tom Busby this is what happens when you're dealing with new technology and working from home in a number of areas will check the stock market futures right now the Dow is up about one hundred points that's a stark turnaround from earlier this morning also getting the green light on the S. and P. five hundred and the nasdaq as well it's eight thirty nine and on the way testing in America where are we and where are we going that stories coming up next hopefully you're all stay safe and healthy many of you are probably at home now a good way to be productive while at home is to spring clean and it's an even better time to put that old clunker of a card to good use when you donate your car two cars for kids it will live on by giving kids a chance to.
"tom busby" Discussed on KMOX News Radio 1120
"Capri on elder law attorneys and Tom Busby for the weak at heart maybe just look away or turn the volume down but it looks like another dismal day ahead on Wall Street yeah it's going to be an ugly start to what's sure to be another very volatile week on Wall Street Debbie investors they're worried that the drastic measures taken by the federal reserve late yesterday to slash interest rates to nearly zero and by another seven hundred billion dollars worth of bonds are still not enough to soften the impact of the corona virus on the U. S. economy despite big gains on Friday the Dow up nearly two thousand points futures overnight fell so hard they were halted again so right now they they're frozen if the doubt if there was the opening bell right now the Dow would lose at least a thousand points could be more we don't know oil also trading right around thirty now under thirty Bucks a barrel so it's going to be another big selloff in more stores closing their doors in the U. S. because of the virus apple Nike under armor Patagonia urban outfitters among them American Airlines not only slashing long haul international flights by seventy five percent or thinking of domestic ones United cutting capacity in half it's now in talks with labor unions about cutting costs and pay with the money report I'm Tom Busby with Bloomberg business on St Louis is news radio KMOX at five twenty one let's check the business traveler forecast sponsored by Adleman financial engines we've got some rain in the Los Angeles basin but the northeast is gonna see some sunshine today dean Devoy and they and they are going to have the nicest weather probably around the country today but it's chilly out there there's some late winter chill just like here our rain that that we're going to share with the US southwest if you're heading to LA today pack the umbrella but our rain is pushing out is from the west here this morning so it's gonna be rather cloudy today here in Saint Louis with periods of rain or drizzle I think go through the morning and probably through the early as part of the afternoon before kind of fades out the high today a chilly forty five will stay in the low forties with a stray shower tonight mainly cloudy milder tomorrow temperatures upper fifties to near sixty then we get into a wet pattern here Wednesday some rain and some thunderstorms embedded the high sixty four cloudy breezy and warmer with some rain and thunderstorms Thursday highs in the low seventies could be some stronger storms possibly severe later Thursday into Thursday night and then a leftover shower Friday we start cooling down from the sixties through the fifties as we go through the day right now thirty eight degrees downtown at the arch were heading up to a height of forty five Mackie with meteorologist he divorced single this is news radio KMOX KMOX news time is five twenty two stores across the United states scrambling to.
"tom busby" Discussed on KMOX News Radio 1120
"Money report I'm Tom Busby with Bloomberg business on Saint Louis is news radio KMOX cable X. news time eight twenty time for traffic and weather together the weather's not bad yeah it's all of the wintry stuff should be moving in later this morning but the roadways have been a mass all morning long here's Roger Brandon the steeple traffic center yeah they have that we so I don't know what to expect this afternoon the forever war servers of big plumbing company hopefully we'll get it over systems mornings it's been pretty tough like you said he's primarily seventy still slow ninety four after city where that accidents on the shoulder eastbound secure for longer through court is still on the brakes and spot from an earlier accident than their soul pocket from speedy in through the one seventy that a ramp on the north one seventy still jam because the accident park with it at the left wing blocked in Westminster CA for because of its still pretty solid just but Westhampton or two seventy getting better but north gravelly up to Manchester still heavy westbound forty four remain shut down a one forty one you bring the bird off there in the early morning accident where the pedestrian was struck the fatal accident and or five fifty five there's another accident now reporting your readers Berwick's if there was one on the shoulder earlier traffic delays from Limburger there but even past that point four mile river to pair up the Potomac it's still heavy a westbound McKinley but still Jim back to the only side sixty forced on the brakes was the twenty fifth street all the way across the property stumbling down eastbound sixty four past Parker bomb Avenue do that one tractor trailer accident at the overturned tractor trailer accident still has northbound fifty five close to root for you diverted off of the exit there northbound fifty five is Jim back to route one forty next update at eight thirty from the steeple traffic center com we have a winter weather advisory for later this morning through early Thursday morning for areas just north and west of the city the snow arrives later this morning will be around lunch time coming from the south to.
1 in 7 American families struggle to pay medical bills
"Attorneys a new survey says fewer Americans are struggling to pay their medical bills right now but Tom Busby will what exactly does that mean fewer Americans is still too many well it says one in seven Debbie that's about fourteen percent of all Americans are struggling to pay off an outstanding medical bill that's according to a new survey by the U. S. centers for disease control and that's down from twenty percent in twenty eleven what the CDC says that number still way too high and it isn't dropping like it has before that's a part of the reason a lot of the attacks on the affordable Care Act
Futures back off after four-day rally ahead of crucial jobs report
"Dan it's jobs Friday Tom Busby so what is Wall Street expecting this first jobs report of the year well solid numbers Debbie a condom is surveyed by Bloomberg calling for a hundred sixty five thousand jobs created in January for the jobless rate to hold steady at three point five percent that is a fifty year low the big question whether companies are paying their workers more money now it's been a big week on Wall Street each of the major averages begin the new trading data fresh all time high that's on easing worries about that corona virus but after dip overnight in Asia Dow futures right now down down a hundred twenty points look for shares of all over though to take off today now it lost billions last year that's because it was building up its food deliveries business and its self driving auto unit but that was less than forecast in over says it could turn a profit by the end of this year shares look like they're gonna soar higher and if you think of going camping you wanna thank Mercedes Benz the luxury automaker coming out with a camper van it's called the weekender comes with the pop up roof and it can seat five and sleep
Macron and Trump declare truce in digital tax dispute
"Trade tensions between the US and France appear to be easing with the two countries reaching a truce in their dispute over digital taxes we get the very latest now from Bloomberg stumbles be good morning Tom good morning Karen Nathan according to a French diplomat the U. S. in France will not impose punitive tariffs this year that's after a meeting between president Donald Trump and Emmanuel macron Makran says the work together to avoid terrifies collation White House reaction was more muted saying only that the two leaders agreed it's important to complete negotiations on the digital services tax I'm Tom Busby Bloomberg
Ring admits employees have improperly accessed customers’ doorbell videos
"And we've all seen the doorbell videos of porch pirates caught in the act or bears on people's porches those ring cameras are fun real privacy concerns though about those ring doorbells Tom Busby you bet Debbie this may be a little creepy but Amazon which bought that ring video doorbell company about two years ago just fired at least four employees they say that they were improperly trying to access customer data over the last few years we don't know if that's video or video that showed families but a little little little
Elon Musk's 'pedo guy' tweet defamed British diver, as U.S. trial starts
"And Tesla CEO Elon musk goes on trial today in a defamation lawsuit over his tweets last year calling a British diver who helped rescue a youth soccer team in a flooded cave in Thailand a pedal guy inferring without any proof he was a paedophile now he's facing a lawsuit I'm Tom Busby Bloomberg business on WBZ Boston's
"tom busby" Discussed on 10 10 WINS
"This is Tom Busby at Bloomberg the down notching gains for seven sessions in a row and it could end the week higher. brings news time three all one. the ram trucks traffic center here's Jeff Jensen on this Friday the thirteen year lucky of tune in here because I've got the info you need on the and we have some parkway south and road work by one hundred twenty fifth street looking at on the jam camp it's a very narrow right lane and that's the only one over there the the barrels really make it extra narrow there so a usual extra care that's already gone so slow through that scene there is north and we're by seventy second street the FDR drive is quiet the B. he we continue to have some rover going on west bound over the Brooklyn down new Brooklyn back I she's coverage eastbound metropolitan Avenue before you get to the bridge and the L. I. E. it has some repairs going on east bound by Francis was Boulevard and they're on the Clearview expressway with the sap I work by union turnpike the cross island parkway is your option there instead and here's what we see on Long Island big three the big three are okay the LA you know their stay in southern our movie now still dealing with an accident on new Hyde Park Road right by Jerry Jericho turnpike by new Hyde Park Road so avoid that spot and here's what you need to know about the bridges and tunnels quiet conditions for you at the link in Holland and the George Washington bridge road work going on at the out of ray's to stand on them but that is pretty quiet doubles okay to jabbing entrance at every ten minutes on the ones in breaking traffic alerts whenever they happen I'm Jeff Jensen on ten ten wins wins news time three oh two for the first time last night all the leading candidates for the democratic presidential nomination around the same debate stage together.
"tom busby" Discussed on 10 10 WINS
"This is Tom Busby at Bloomberg the Dow notching gains for seven sessions in a row and it could end the week higher Wednesday twelve all one for the ram trucks traffic center Friday the thirteenth Jeff yeah this ball and yeah we go to the L. I. E. with some unlucky drivers there Hey guys sitting in the traffic on the expense side there it's roadwork approaching Francis Lewis Boulevard to add their two lanes taken and there is ban Grand Central has the construction headed into the van with and there is work going on on the do catches covers a Brooklyn band one are you going to Europe only in a single lane coming of the B. Q. we and then the moment you're the bridge left lane stays close actually working that that bike lane which has been tagged already with graffiti by the way and in the east and the red ones yeah I couldn't believe it I went over the bridge and as those already someone spray painted the the new cement barrier on the brand new bridge hopefully they'll get that off quickly to make public service announcement that you spend VQA has work approaching the catch is covered with a couple of lanes staking out there here's what we see on Long Island big three everything fine on the a new instance as a wet roads my way in but then nothing big in that here's what you need to know what the bridges and tunnels in battle of the George is closed after this and we're going on to some place come of the cross Bronx about fifteen out at the Lincoln and at ten in the Holland and no delay out for now traffic and transit every ten minutes on the ones in breaking traffic alerts whenever they happen I'm Jeff Jensen intent and went once news time twelve ode to the Democrats who are seeking their party's presidential nomination squared off.
"tom busby" Discussed on 10 10 WINS
"Tom Busby at Bloomberg Wall Street boys to rally today waiting to see if the European central bank lowers interest rates winds news time to on from the ram trucks traffic center here is Jeff Jensen accident on the ramp from the north and then we getting on to the west bank were essential so any down quite heavy spend their some work there were not really causing headache and on the western side of the Grand Central you try to exit for the L. I. E. looks at the doing some work there so little of a slow go west bend expressway the L. E. as that work by utopia parkway and the B. Q. we Hey goes into a single lane is try to go from queens Brooklyn over the new cashiers go bridge and then that that left lane stays closed across the entire span the other way around your I ride is a good one from queens of from Brooklyn into queens and here's what we see on long island's big three the big three are okay there's some westbound road work on the southern state parkway from my Heckscher park right over to Robert Moses causeway northern stay the L. E. R. okay retries busy in Jersey both ways between route seventeen every twenty one that is a long term works on there and on the overnight due to some extra construction blocking more lanes northbound parkway little some of today's at one fifty A. and here's what you need to know about the bridges and tunnels things are bad in down the lower level George close no delays to the upper the upper looks good both ways the Lincoln and Holland are both quiet traffic and transit every ten minutes on the ones in breaking traffic alerts whenever they happen I'm Jeff Jensen on ten ten wins wins news time to to there's a new legion air's disease hot spot in the Bronx the health department is now testing the water in the number twenty.
"tom busby" Discussed on Bloomberg Radio New York
"And I'm Tom Busby from Bloomberg world headquarters hurricane Barry made landfall earlier today in Louisiana but not before lifting energy prices this past week after oil and natural gas production in the Gulf of Mexico was slashed in half shipping on the Mississippi River disrupted and crops like cotton and sugar threatened with rain that'll be measured in feet US treasury secretary Stephen Manutius is warning Congress that the U. S. debt ceiling should be raised before lawmakers leave for their August recess Uncle Sam could run out of money in September unless the government is able to borrow more a setback for software giant oracle a judge on Friday struck down a lawsuit claiming that the Pentagon's ten billion dollar cloud computing contract known as Jenna hi was rigged in favor of Amazon no decision has been made yet about the deal but Microsoft and Amazon are considered the front runners beer giant Anheuser Busch InBev scrapping plans for an initial public stock offering of its Asian brewing operation citing market conditions a federal judge ruling that E. cigarette makers like jul labs have to submit applications the federal regulators by may of next year in order to keep their products on store shelves Bloomberg Charlie Pellett has more Tom the ruling was the result of a court case brought by anti tobacco and public health groups after the FDA have delayed an earlier application deadline the groups argue that the agency had abdicated its duty to regulate the products which have been blamed for a rise of youth use of vaping products the FDA began overseeing the cigarettes in twenty sixteen under the Obama administration after president trump took office in twenty seventeen the agency pushed back until August of twenty twenty two the application deadline for a safety and public health review Charlie palette Bloomberg radio global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Tom Busby this is Bloomberg this.
"tom busby" Discussed on Bloomberg Radio New York
"And I'm Tom Busby from Bloomberg world headquarters some tough news for some big U. S. tech firms like Google Amazon and Facebook France's lower house of parliament today is approved a first of its kind tax on internet giants aimed at stopping those companies from avoiding all taxes by setting up headquarters in low tax E. U. countries the bill which goes to France's Senate next week is looking for a three percent tax on all revenues made in France all US stock and bond markets closed today for the holiday one day after the Dow the nasdaq and the S. and P. five hundred each closed at a fresh record high ahead of Friday's June jobs report in Asia the markets ended mixed overnight the Nikkei in Japan rose three tenths of one percent the hang sang in Hong Kong down two tenths of one percent China C. S. I. three hundred ending half of one percent lower European markets are mixed in very light trading today right now the footsie in London is flat on the day the CAC in Paris up nearly one tenth of one percent the dachshund Germany up a little more than one tenth of one percent twelve hundred technicians from German auto giants BMW and Daimler will team up to work together on self driving auto technology and uber and lift may of headline this year's IPO blitz what lesser known companies like beyond meat and zoom video communications help investors reap big rewards Bloomberg's Courtney Donahoe has more stellar gains by the meatless burger maker and video conferencing firm help deliver an exceptionally strong first half for U. S. initial public offerings the ninety three companies that have gone public were up an average of thirty percent as of June twenty eighth according to data compiled by Bloomberg year to date U. S. IPO proceeds were also the best since two thousand nine at forty billion dollars we work peloton and posh mark among the companies preparing IPOs later this year Courtney Donahoe Bloomberg radio global news twenty four hours a day on air and a tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Tom Busby and this is Bloomberg Bloomberg best inside in the contest get from our guests it's a great way to catch up on some of the stories you might have missed on the Bloomberg stories you're not going to find any other news organization Bloomberg's best stories of the week powered by twenty seven hundred journalists and analysts in more than a hundred twenty countries around the world from the interactive brokers.
"tom busby" Discussed on 10 10 WINS
"Beach. Bloomberg's Tom Busby spike in the price of oil led stocks higher. Today, snapping two days in a row of Lawson's six forty. One. Time for traffic and transit. Here's Greg rice rod shower, getting through the Bronx getting a little worse. Saw me eastbound cross frogs as long as we're going to deal with this record the right lane. It's gonna be bad back to and over the inbound George free car sitting there right lane on the eastbound cross Bronx before the Sheridan. And you sit for at least thirty minutes on the upper level the George slightly less on the inbound lower. And then the mess on the eastbound cross Bronx southbound Degan not terrible right now. Eastbound Bruckner still slow yet now past one hundred forty nine three cross Bronx westbound the worst of it to the outbound G W bay over at the Lincoln tunnel thirty five and fifteen out Holland still about fifteen to twenty outside. It's gonna cost you fifteen to twenty as well. Inbound midtown tunnel outbound Brooklyn queens bound throngs. They all crawl southbound toys debase slammed coming down to old country road. But finally, the earlier wreck is out of the way elsewhere, on Long Island southern states lows east in pockets to the Royster bay westbound from Baldwin road to eagle avenue. L I, eastbound company over to Willis avenue and that over towards baggage. Railroad northern state east, Bengal one crawl from lakeville road towards the wantagh state Parkway, eastbound Julia tough ride to Atlantic avenue in from flushing avenue all the way up to queens towards Broadway. Or it has been a mess all day long jam. Let me know call the ten ten wedge traffic tip line. Eight four four jam ten ten I'm Greg rice on ten forty two and Oscar winner is facing charges here in the city that he groped a woman at the magic.
"tom busby" Discussed on KOMO
"Tom Busby has business headlines and a glimpse into the market dive yesterday. Good morning. John stocks coming off a tumble on Tuesday. The Dow down three hundred points after a sharp drop in existing home sales in December. They hit a three year low a weakened forecast for global economic growth and uncertainty over trade talks between the US and China. A lot of mixed news on jobs FedEx now, offering voluntary buyouts to some workers. No word yet. If layoffs are next San Francisco based food delivery company montre suddenly closed down all operations putting hundreds of people out of work, but Waymo Google self driving car unit will open a plant this year near Detroit, creating four hundred new jobs to mass produce those self driving vehicles and Microsoft owned linked in expanding its operations in Omaha could more than double its workforce there to a thousand people for a limited time KFC is selling a gravy scented candle right now only in Britain, and it's every parent's worst. Nightmare hitting store. Shelves this week a sour patch kids breakfast cereal. Courtesy of post. All right. So interest rates are low, but housing numbers are still off. What's the story there? Well, it's a pretty weak ending to a difficult year in housing, and it's raising fears about an even worse year ahead with those sales falling to the lowest level in over three years. Despite loan rates actually dipping lower compared to the same month a year ago sales are down ten percent. So what gives more than anything else a lack of homes on the market and the ones that are for sale just cost way too much for many would be buyers home sellers unlikely to lower prices. The national association of realtors says the one thing that can really give the housing market. The boosted needs is lower mortgage rates. One more thing they also be affecting sales. The Trump administration's 2017 tax law changes which actually re joining a home by lowering the cap for deducting mortgage interest and limiting the amount of state and local taxes you can deduct right. Tom Busby of CNBC at twenty three. After researchers suggest the government should be investing in retraining, men and women who will be losing their jobs to technology. Correspondent Jan Johnson. Reports study by the World Economic Forum holding its annual meeting in Switzerland says one point four million mirror. Are likely to lose their jobs to robots and other automation. And businesses can only be expected to profitably retrain about a fourth of the sideline workforce that the researchers suggest put success in the hands of government retraining workers in similar scales. With a promise a better pay for them and a reimbursement for the government in higher tax revenues and lower unemployment costs. I'm Jan Johnson. It's now twenty four after when America in the morning continues zoo resorts to.
"tom busby" Discussed on NewsRadio 1080 KRLD
"CNBC's? Tom Busby has your start to the workweek business news. Good morning. John a new week on Wall Street. Stocks are coming off a brutal week of losses. The Dow down over eleven hundred points in just four trading days. More than half of that on Friday alone on increasing jitters about the president's trade war with China and signs of slowing economic growth. That follows weaker than expected job gains in November just one hundred fifty five thousand jobs added meantime, conagra maybe cutting five hundred jobs at facilities in New Jersey and Qualcomm asking over two hundred fifty workers at its data centers. Tesla CEO Elon Musk told sixty minutes he'd be interested in buying any auto plants that General Motors or Ford wants to close down. He wants to make Tesla's their Amazon may open up those cashier-free Amazon, go stores inside US airports. The FCC says a record five billion robocalls were made last month. That's over nine thousand nine hundred calls every second. And remember that. Fearless girl statue near the Wall Street bull today moves to its new home right across the street from the new York Stock Exchange. All right. Well, most of us agree. The robo calls are annoying seems lawmakers in DC, however, have more pressing matters than to worry about how much our phones ring. Now, this is not the kind of record most of us want to hear about because it reinforces what we all thought that we're being inundated with those annoying robo calls at home at work on our cell phones. Calls pretending to be the IRS saying your money your healthcare plan. You never heard of or a warranty for your car has expired or the last chance to lock in an interest rate on a credit card while the FCC confirms. There were five point one billion of those calls made in November many of them originating in India, and that was the most ever. So what can we do you can pretty much count congress out of trying to do anything? They have just two weeks to hammer out a new budget to keep the government open can't seem to do much else. So consumer advocates. Now leaning on the carriers like Verizon or AT and T to do more to stop these calls, but that's expected to be a pretty long complicated process. Thanks, tom. Tom Busby of CNBC at twenty four after federal watchdogs say they are already getting reports about holiday shoppers who aren't getting what they expected from an online purchase. Correspondent Jan Johnson reports the Federal Trade Commission says consumers could be scammed when doing their holiday shopping. But sometimes it's also about double checking before you click on by. So the experts say confirm the seller's physical address and phone number and searched the cellars name with the word scam to see whether other buyers had problems pay with a credit card. So your purchase is protected by law. Get tracking numbers to see where your stuff is in the shipping process, and before you confirm that purchase look carefully at the shipping date. If there isn't one assume the legal maximum of thirty days. I'm Jan Johnson..
"tom busby" Discussed on KMOX News Radio 1120
"Tom Busby is here with business. Good morning. John the market's coming up another day of losses. The Dow fell one hundred points yesterday, but the big talk on Wall Street is oil the price of crude down for twelve days in a row that's a record. And it begins today under fifty six bucks a barrel. The lowest level in a year as the US ramps up production and global demand slides Russian. Trolls hard at work ahead of last week's midterms. Facebook says fake sites linked to Russia received by hundreds of thousands of American Instagram and Facebook users on election day eve before being shut down. Starbucks eliminating three hundred fifty jobs most at corporate headquarters, no employees at its cafes will be affected. It says blue apron the meal kit, delivery service, also cutting jobs, and the Oxford English dictionary today comes out with its word of the year in two thousand seventeen that word was youth quake CNBC's Tom Busby at twenty two after its. Not a stock split, but Amazon did announce a split yesterday to different cities will be home to the online giants headquarters. The move not without some controversy as we learned from Steve castonbound, Amazon's vice president in charge of real estate. John Shutler made it official New York will be home to one of Amazon's new headquarters and more than twenty five thousand new high paying jobs over the coming decade with room to grow the fifty thousand jobs Amazon initially promised when their search began roughly one year ago are now being split between two locations the Long Island city neighborhood in queens here in New York and the crystal city section of Arlington Virginia just across the Potomac from DC the selection was widely anticipated here in New York. It's not just the campus and jobs that are expected to change the landscape in addition to hiring more than twenty five thousand people directly Amazon will invest more than two point five billion dollars in the. Construction and ongoing operations of this site. That includes tens of thousands of additional jobs and billions of dollars in additional investment in the surrounding community. Mayor Bill de Blasio said this is the largest single job creator in New York's history, the quality of jobs too. Astounding the average salary. We're talking about here one hundred fifty thousand that's amazing. Among Amazon's commitments is a promise to benefit the residents of the nation's largest low income housing development, which is nearby. So there's something extraordinary not about just this. But what it's going to lead to the multiplier effect here. But some people in the community are concerned about the impacts such a large scale economic development project will have on their area. They worry about what it'll mean for the already overcrowded subway lines a real estate, boom that may price them out of their neighborhood in Virginia. Governor north them applauded Amazon's decision to come to Arlington. Amazon will invest approximately two point five billion dollars to establish a major new headquarters here and plans to create at least twenty five thousand new jobs. Crystal city puts Amazon near the Pentagon and just a stone's throw away from the nation's capital. Steve Kastenbaum, New York. It's twenty four after the hour. When America in the morning continues crime doesn't pay but these dumb criminals may have to.
"tom busby" Discussed on KMOX News Radio 1120
"CNBC's. Tom Busby is back with us today. Good morning, Tom. Good morning. John stocks coming off a massive selloff on Monday. That was on worries about global trade and slowing global growth and also possible slowdown in demand for the apple iphone. That's an apple shares sharply lower weighing on the tech sector and the Dow tumbled six hundred two points. The NASDAQ down two oh six despite that bad news on Wall Street. There was good news in Hollywood the US box office hit the ten billion Mark in record time this year. It took just ten months and eleven days net may begin testing out a cheaper version of its streaming video service starting in Asia Kellogg's may sell Keebler and famous Amos cookies wants to concentrate on big moneymakers breakfast cereals, pop tarts, and eggo waffles. The White House said to be again, considering slapping at twenty five percent tariff on all imported cars and trucks. A new study is found two college students who limit their use of Facebook or Snapchat too. Just ten minutes a day. Maybe less prone to depression and former first lady Michelle Obama's memoir, titled becoming hits bookstores today, I heard you say, I I guess it's put down the smartphone. And you'll be happier. Is that what I'm hearing? No, apparently, there's no fear of missing out and social media, which says it was made to connect us all may actually make people lonely and depressed. This new study from the university of Pennsylvania claims to be the first to find a direct link between cutting back on social media, use and improvements in loneliness and depression at found that cutting back on exposure to Facebook, Instagram, and Snapchat, just ten minutes a day significantly lowered symptoms of depression and undergraduates as one student told researchers, quote, not comparing my life to the lives of others had a much stronger impact than I expected, and I felt a lot more positive about myself. Pretty good news CNBC's, Tom Busby at twenty three after the low rider, the fat boy, the electric lied, or my personal favorite the sport. Stir all made famous by the iconic motorcycle maker Harley Davidson will the livewire join those bikes says legendary street machines, here's Bill Michaels. The electric Harley Davidson known as livewire will arrive in dealerships in two thousand nineteen the livewire has been described as sounding a lot like a jet turbine..
"tom busby" Discussed on 760 KFMB Radio
"We're coming up on twenty three. Past the hour now, on first light financial watch shares were mixed, in, Asia's Wednesday trading some stock shaky after the US followed through with plans to put higher tariffs on sixteen billion dollars worth, of Chinese, exports business. Reporter Tom, Busby. Good morning, Tom. Good morning Michael the big buzz on, Wall Street today as it was, yesterday about tesla founder and, CEO Elon Musk sending, out bombshell tweets late yesterday saying he's considering buying, up the automaker taking it private that sent share spiking sharply higher US employers posting, six point six six million available. Jobs in June that means for the third month, in a row they're more open jobs than there were Americans able to, fill them meantime just a day after reporting a jump. In park, attendance SeaWorld said it's laying off one hundred twenty-five workers and element TV that's a South Carolina television. Makers blaming President Trump's tariffs for a sudden spike in the price of. Chinese made components so it needs to lay off One hundred twenty six workers in October. That's almost its entire staff the NFL's Los Angeles. Rams and the New, Orleans Saints will be adding male cheerleaders, to, their, sideline squads for the first time ever meantime thirteen years after Hurricane Katrina destroyed its brewery plans were announced for Dixie beer, to be, brewed once. Again in, the. City of, New. Orleans all right thanks Tom Busby oil, prices are studied this morning as, US inventories fall on the, Trump administration reimposes those, sanctions on Iran sanctions targeted purchase of dollars which, is the currency used for oil trading twenty four minutes after the hour on first, light entertainment critic Kevin car joins. Us now and Kevin what's in that that big, box you've got there good morning we've got some new DVD's and Blu, rays that you can check out including life of the. Party from, the theaters which starts Melissa McCarthy as a middle aged woman who gets a divorce and decides to. Go back to college to finish her degree and ends up spending the. Time in college with her daughter not a bad little comedy if you like especially if you like melissa mccarthy and her shtick there's also breaking in which stars gabrielle union as a mother who's trying to save her kids from a home invasion in basically a fortress house that her father had built for for some of the crime that he worked on and and and sort of keeping them safe while the people are coming after them and also tried to escape there's also on t._v._d. there's also on t._v. or d._v._d. you've got riverdale season two which is the adaptation of the archie series which has a very different flavor than the original archie comics back in the day and happy endings the favourite very popular tv sitcom that that ran for only a couple of years probably going to rain for more but it's it's very popular the entire series is now on d._v._d. and blu ray and then finally if you want to catch some theatrical ones now that we've got the predator coming out in a couple of weeks you can get the original predator On four k. Blu Ray which is much better than the transfer that they did. On predator when they. First put it on Blu Ray. And you can get all, three of the original predator movies which includes, predator predator too and predators in a box set thanks Kevin car tropical storm warnings being issued for. The big, island of Hawaii hurricane Hector approaches it's a big category four storm could bring some strong surfin wins over, the next day we don't. Think Hector will make a direct hit on the big. Island but if, you're out there listening this morning please be careful don't go on the surface it's too bad twenty six past the, hour there's more first light ahead Individuals and.
"tom busby" Discussed on WJR 760
"Of them but because of weak sales of its farm and construction equipment caterpillar is closing factories one in waco texas the other in panama and it may close a third in illinois where nearly nine hundred workers could lose their jobs and the winndixie grocery chain big in the south closing down nearly a hundred stores part of the bankruptcy plan it's expected to file a treasure hunting group called finders keepers says they've located a lost union gold shipment from the civil war's battle of gettysburg legend tacit there are twenty six gold bars each weighing fifty pounds buried their congress hard at work today trying to wrap up a new federal spending bill to keep the government open past this friday's deadline and the city of plattsburgh new york the first in the nation to ban commercial mining of bitcoin and other digital currencies that's correspondent tom busby jared news time coming up on five fifteen i check traffic and weather and here's dana clark nice quiet start out there dick as far as the roadways are concerned accident free no delays clearing up some construction though in detroit three spots i ninety four both directions between seventyfive and connor that construction is clear a lodge both directions ramp to ninety four eastbound orange barrels out of your way also clear construction along the lodge northbound on ramp from forest avenue i'm dana clark wjr traffic first on the fives from the jr weather center nice mild sixty out there yesterday we're gonna take.