21 Burst results for "Tom Kane Kane"

Caller Steven Dialed Over 13k Phone Numbers Campaigning for Trump

America First with Sebastian Gorka Podcast

01:22 min | 3 weeks ago

Caller Steven Dialed Over 13k Phone Numbers Campaigning for Trump

"Let's go to California, Stephen line three. Hello, doctor gorka. How are you happy new year? Happy new year, my friend. What's your comment? What's your question? Well, I don't have any car. I have comments. Basically, I can't pay for Tom Kane junior in New Jersey and I can't. Tom Kane, junior. Okay. In New Jersey and I campaigned for Donald Trump also in 2020 in New Jersey. God bless. And I was the number one phone call in New Jersey for Trump campaign. All right, how many numbers did you dial? Steve. Uh oh, that was over 13,000. For the campaign. Oh my gosh. Here's my spin, okay? Yeah. You guys are wonderful. You guys are, I love your show and I love living. I love, you know, prager you guys are incredible. But I hear a butt coming along. Yeah, but here's the thing. I know that McCarthy is going to pull it through. I met McCarthy. He's a great guy. You know what? The fact that Trump is behind him, I 1000% agree with you. Trump should come down to D.C., shake hands with all the people, cut all the deals, but I know for a fact that McCarthy is going to be Speaker of the House because he's not only part. He's seen what the swamp is and he's also seen with the slime is. And for him to be there for that long of a time, I think he's going to pull it off.

Tom Kane New Jersey Gorka Donald Trump Mccarthy Stephen California Prager Steve D.C. House
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:11 min | 2 months ago

"tom kane" Discussed on Bloomberg Radio New York

"Asset management chief investment strategist with a note of optimism among a lot of gloom. Tom Kane, Jonathan farrow Lisa brahmas Tom and John are both off Davy and sass hour is with me today and I'm so pleased to say he can give you much better World Cup coverage as well as all things having to do with emerging markets. Right now, I want to go straight to our guests. He is one of the brightest minds on Wall Street. Christian Mueller glisten managing director of four portfolio strategy at Goldman Sachs and Christian, I want to start in Damien's specialty in the developing world because overnight the lockdowns in Beijing, the first lockdown in the capital of China. To me, is a really significant story that changes potentially the narrative for next year. How do you view that story in light of some of the optimism around China's reopening? I make a great point. I think if you think about outlook for next year, like China was one of those bright spots because there's asymmetry, the economy is in its niece for clear reasons like asset prices in very bearish kind of territory. So it felt like there is a story that's emerging that came to some extent support next year and drive growth acceleration trif that trough and economic activity. But I think what we're learning and I think what our economists have been seeing as well, it's going to be incredibly bumpy. I think the end game is that China will probably by second half of next year accelerate with regards to growth helped by the reopening, but the path to that could be incredibly bumpy and the real reopening we always thought would occur kind of around Q two. And as you see those cases go up, you could say that the risk is definitely that it's being pushed further out. But Christian, how does this affect the different parameters if it reopens if it doesn't, the bumpiness that you see? Is it bullish if they reopen if that means incredible demand suddenly coming online for energy? And for commodities, generally, at a time when that's one of the main drivers of disinflation right now. Yeah, you highlight one of the big dissonances like one of the big kind of negative cycles there. I think right now, as you know, oil prices have come down significantly like curves are in the front end, a bit in contango. So I think you're dealing currently with the setup where there is a bit of a buffer, but you're absolutely right. There is definitely a chance of a replay of headline inflation volatility next year, which then feeds a bit into rates and to some extent kind of can drive also spill over to risky assets. But I think at this juncture, this full reopening, as I mentioned, is to ask more of an H two story. I think in the near term, it seems to be more of a drag on oil than anything. But it does highlight something which you mentioned, I think to me, risk premium in the last month have significantly come down across the board on China assets, but also on global cyclic assets on China exposed companies in Europe, and it just feels like there's not that many good growth stories to go on. The market has embraced it very quickly, partially that has contributed to a bit of a false start in kind of relief on the growth side and it could very quickly reverse to some extent if that doesn't prove to be the case. Well, let's just crystallize that. I mean, a bit of relief. I mean, we saw 22% increase in the hang seng, China enterprises index October. But we're still down 27% year to date. Talk to me. I think investors are realizing myself included, that you just can't have zero exposure to emerging markets in China, right? So my question for you is, what is the best way to get that China exposure? What is the best way to play the reopening narrative in China? You make a great point there because it's been really difficult for international investors for strategic point of view. To get excited about China. And there's a concern with regards to how investors will benefit from China economic roles in the coming years. There's been a concern with regards to obviously zero COVID. And at the same time, you have this reopening story. The reopening story, if you follow the kind of template from developed markets should be very good for domestic consumer cyclicals, services sectors, and it's not easy to get exposure to that via the headline indices. Our team generally have become quite a bit more constructive. The whole north Asia complex, which they think will be pulled along, so you can diversify to some extent, just being in China with maybe being a bit more in Korea, being a bit more in Taiwan. But in the end, if you really want to kind of go directly exposed to the reopening, you need to go potentially much more on specific sectors, specific stocks, and it becomes much more of an alpha theme. So our strategy team, they've created a basket for that, which clearly for a lot of the asset allocators I speak to, that becomes too specific. Christian echo talks South Korean Taiwan with the all day. But let's shift back to the U.S.

China Tom Kane Jonathan farrow Lisa brahmas Christian Mueller glisten sass Davy Goldman Sachs Damien Beijing Tom John Europe north Asia Korea South Korean Taiwan U.S.
"tom  kane" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:49 min | 3 months ago

"tom kane" Discussed on WNYC 93.9 FM

"Back at the rally, Benjamin Netanyahu tells his supporters, we are so close to victory. The message is optimistic, but this may be his last chance at a comeback. Daniel estrin NPR news of hakim in southern Israel. It's morning edition from NPR news, ami Martinez. And I'm Steve inskeep. And I'm David first. The marketplace morning report is coming up next here on WNYC. And stay with us for the BBC NewsHour at 9 on 93.9 FM. Let's check in with London to see what they're working on this morning. Good morning BBC. Good morning, WNYC. I'm Tim Franks. On today's NewsHour, Lula's stunning election comeback in Brazil will the far right jair Bolsonaro accept defeat. That's BBC NewsHour coming up at 9 or 93.9 FM WNYC. WNYC's morning edition is going on the road this week. This Wednesday will be broadcasting live from the westfield diner in the heart of New Jersey's 7th congressional district, incumbent Democrat Tom malinowski faces Republican Tom Kane junior there in a race that could affect the balance of power in Washington. Donna balelo has been a waitress at the diner for 20 years. She says she wants a candidate who looks out for the working class. Well, I don't want everybody in there for the rich people to give them all the tax breaks. It seems like they're hitting the work of man the hardest We'll hear more voices from the swing district and what the candidates have to say. That's this Wednesday. In the 7 and 8 o'clock hours of morning edition live on location, you can listen right here at WNYC. Happy Halloween 53° right now. We're expecting mostly cloudy skies today

Daniel estrin WNYC NPR news ami Martinez Steve inskeep BBC Tim Franks jair Bolsonaro Benjamin Netanyahu hakim westfield diner Tom malinowski Tom Kane NPR Donna balelo Lula Israel David Brazil
"tom  kane" Discussed on ToddCast Podcast with Todd Starnes

ToddCast Podcast with Todd Starnes

03:51 min | 3 months ago

"tom kane" Discussed on ToddCast Podcast with Todd Starnes

"It's remarkable what has happened. Harry, I'm curious to know about what's happening in New Jersey as well as Pennsylvania. Just for the geography, you guys are not terribly far from the state line there. So you have a lot of folks that pay close attention to both states and their politics. I mean, I'm literally sitting right now 40 minutes from Philadelphia. I mean, we're right next door. We share a common border. We're right over the bridge. New Jersey is a short conversation. There are 12 members of the House of Representatives from New Jersey. It used to be more. We actually lost one. There are only two Republicans right now, but I guarantee here today on the Todd star and show and we'll send you a note when about 9 o'clock, 10 o'clock. I don't even think they're going to have to wait very long. Tom Kane junior, the son of the former great two term governor Tom Kane senior who, as you know, was the co chair of the 9 11 committee with Lee Hamilton. That's when they really did a committee the right way a commission. They had a Republican. They had a Democrat. They had equal numbers of each. This January 6th. I know your audience knows is not a commission. It's a fraud. It's a fakery. Tom Kane junior will defeat the incumbent Democrat Tom alsi in New Jersey's 7th district. I hereby decree it. I guarantee it on the show. Tom Kane junior lost by 1% back in 2020 in a zombie, although by male election, he will win a week from this Tuesday. And by the way, we had Matt towery on and he's a terrific pollster along with Hannity all the time. He was on our show and he actually predicted what you just said as well that Kane is going to win that New Jersey that New Jersey race. Why is it? What's going on? What's the mood of the electorate there in New Jersey? The 2020 was a bad environment. We had the basement Biden candidacy. We had the most intellectually dishonest media of all time. We had all kinds of voter regulations being changed. The signature verification taken away, didn't have to be dated, can come in weeks later. I mean, the environment could not have been any worse. And then just on its face, Democrats are better at early voting than Republicans have been. Hopefully that's been cleaned up a bit with the early voting this go round. So for Kane to only lose by 1% in a dark blue state, to an incumbent multi term incumbent under those circumstances, I predicted two years ago. Malinowski enjoy your last term, you're done because I'm Tom is a friend of mine. I knew he was going to run again. Left his Senate seat to commit to running for the House and he's going to win. Harry, I remember back in 2021 and you were all over this story, the truck driver, Edward durr. I know, who defeated the Democrat not just any Democrat, he was the Senate president, and I'm wondering if that was an early sign of what was to come and what is to come on November 8th. Yes, and also two other seats in New Jersey that had been Democrat. Three seats, one in the Senate and two in the assembly, lower house, they changed. There's definitely a Republican mood New Jersey and it wasn't all that long ago that there was a majority of Republicans in the majority of the legislative seats. It's going that way. Republicans will pick up a number of seats next year when the entire state legislature, all 47 seats, all 80 assembly seats will be open. Republicans are getting closer and closer. There are one election cycle or so away from winning and then I know you probably covered him. Jack chiarelli, who's also a very dear friend. He's been on the show a time or two. He will be the next governor of the state of New Jersey. Believe it or not, in the not too distant future, we won't be saying that New Jersey is a blue state..

Tom Kane New Jersey Tom alsi Matt towery Lee Hamilton Harry Kane House of Representatives Pennsylvania Philadelphia Hannity Edward durr Senate Biden Malinowski Tom assembly House Jack chiarelli
Online school put US kids behind. Some adults have regrets.

AP News Radio

01:01 min | 3 months ago

Online school put US kids behind. Some adults have regrets.

"As the impact of extended pandemic school closures becomes clear some educators and parents have regrets Third graders who struggle to sound out words students who became depressed and stopped doing schoolwork a decline in college attendance pandemic learning loss is controversial but the casualties of zoom school are real Preliminary test scores from around the country confirm that for many students the longer they studied remotely the less they learned nationally kids whose schools met mostly online in the 2020 21 school year performed 13 percentage points lower in math and 8 percentage points lower in reading according to a 2022 study by Brown university but former Los Angeles school superintendent Austin buettner cautions against second guessing the closures he says it's easy with hindsight to say oh learning loss we should have opened the people forget how many people died Experts interviewed by The Associated Press say intensive tutoring year round school or doubling up on math and reading could help students catch up but Harvard economist Tom Kane points out too few schools have been able to make those investments I'm Jennifer King

Austin Buettner Los Angeles School Brown University The Associated Press Tom Kane Harvard Jennifer King
"tom  kane" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:14 min | 3 months ago

"tom kane" Discussed on WNYC 93.9 FM

"Business to qualify, Gregory Pereira is an applicant who says he used to sell loose joints as a teenager in The Bronx in the 70s. We will buy a $5 bag we call pillow bags and we get 20 joints out of it and sell them a dollar a piece. So the profit margin was pretty good. But reira says he once had frequent run ins, though, with the police. The candidates in New Jersey's critical 7th district congressional rates faced off for the first time yesterday double NYC's Nancy Solomon reports. The debate between Democrat incumbent Tom malinowski and Republican challenger Tom Kane junior focused on inflation and the economy. Those are the sole topics on Kane's website, but he was spare on the details. Malinowski riddled off a list of bills he supported to reduce inflation, and one he wrote to improve supply chain problems. To help manufacturers bring those jobs, bring those supply chains back home to America. In areas like battery technology, for example, solar panels. PPE, we can not have a shortage of that in America anymore. Kane responded that he agrees with those efforts, but blamed malinowski for causing inflation to begin with. He has been in office for four years. Governor Kathy hochul hopes a new strategy at the southern border will help improve the migrant housing crisis in New York City. This week, the Biden administration said the U.S. would take in up to 24,000 Venezuelan migrants. Governor hochul here. We're going to start seeing the flow of individuals stemmed. I mean, they're going to be stopping at the border, also people at their home country, Venezuela. Will understand that there is a path that can be legal. New York officials won federal money for a housing migrant some 20,000 have come to the city since the spring. 50 foreign partly sunny out there, I see lots of sunshine once again, and cloudy today. Well, at least it was supposed to be early on, then turning sunny as it seems it has now, and 6 C 7 for a high. Sunshine and 68 this weekend at 7 34. Support for NPR comes from NPR member stations and from Athena health, creating

Gregory Pereira reira Nancy Solomon Tom malinowski Tom Kane Kane Bronx Governor Kathy hochul Malinowski U.S. Biden administration Governor hochul NYC New Jersey malinowski New York City Venezuela New York NPR
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:55 min | 3 months ago

"tom kane" Discussed on Bloomberg Radio New York

"Sitting down with Tom Kane just moments ago, breaking news here at Bloomberg in the last ten minutes or so, led by kitty doddson out of London. Here's the lead paragraph for you. According to a person familiar with the conversations, UK officials are number ten and the treasury are discussing how they can back down from the prime minister's plans for a massive unfunded package of tax cuts. The reaction in the market, pretty simple. Sterling stronger, yields lower. Let's take a snapshot of things for your cable off to the races off the back of that headline. The pound a whole lot stronger off the back of this. One ten, the lower the session one to our 45 is where we trade right now. Guilt yields lower off the back of this as well brammo to have 34 basis points off the lows of the session initially off the back of these news, but still lower and lower aggressively so to four 47, call it four, 48. Or going into tomorrow, where the governor of the Bank of England says, it's over. The gilt market operation finishes. And can we say that the trust administration blinked? Is this enough? The idea that they're even considering going back on the plans that she said, despite some of the hard language that they've heard. The fact that that triggers this kind of response shows how tenuous people feel right now about the budget of the United Kingdom. Let's say if the U turn materializes one, this is a suggestion that having conversations about it. And two, if there is some form of U turn, what do they back down on? And what don't they back down on and is that enough to satisfy some of the concerns in this market? Especially because as you pointed out, a $45 billion tax cut. Is that enough to trigger the turmoil that we have seen? Is that justification for the degree of upset? Or is this something else as well? What I've said, what's more interesting here, what they announced or how this market responded to it. And I think we can all conclude this is a very fragile market right now. We'll catch up with guy Johnson at about ten minutes time. Let's describe this market as februar. He said this is probably not the best idea when your backdrop is feed brand markets and I'm sure most people would agree. Guilty or to lower by 34 basis points TK, big moves in the UK and a lot to talk about down in D.C.. On to 40 minutes from now, the inflation report United States, everyone here from the IF John, the World Bank and the International Monetary Fund riveted on that 8 30 statistic. Right now, he is the president of the World Bank. Of course, David Mel pest joins us. I need to clear something up off of a political article. And this is the uproar about senators in your tenure at the World Bank. Where something was said, you're not a scientist. I fell off my chair because you are the physics major from Colorado college. I always clarify right now your position with the World Bank given this turf war, this political war in Washington. So it's very clear that people cause greenhouse gas emissions and that affects climate change. And so that should have been clear in the original remarks and whether you're a scientist or not doesn't matter. And so we've got

Tom Kane kitty doddson brammo UK Bloomberg treasury guy Johnson Bank of England World Bank London David Mel International Monetary Fund D.C. United States Colorado college John Washington
"tom  kane" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:29 min | 3 months ago

"tom kane" Discussed on WNYC 93.9 FM

"To stream WNYC live by asking Alexa to play WNYC or to become a member by asking Alexa to donate to WNYC This is WNYC 93.9 FM and a.m. 8 20. NPR news and the New York conversation. Live from NPR news in Washington. I'm Dave Mavic Lake. Officials in Ukraine say dozens of cities and towns were targeted by Russian missiles for a fourth consecutive day. Areas in and around the capital Kyiv were attacked by Russian drones as air raid sirens sounded. The BBC's Hugo bache has more. The mayor of michelada said the city was heavily shelled at around one in the morning local time. The top floors of a residential building were destroyed and emergency teams were still searching through the rubble. Ukraine says this is how Russia is responding to military setbacks by attacking civilian sites and critically infrastructure across the country. The Biden administration says it plans to expel migrants from Venezuela who cross into the U.S. from Mexico illegally. Officials cite their soaring numbers at the southern border. At the same time, NPR's Joel rose says the Department of Homeland Security is setting up a new legal pathway for up to 24,000 Venezuelan migrants who meet eligibility requirements. Many of the migrants crossing this year simply don't have family or community connections already in the U.S. who could sponsor them. And that's a big difference between Venezuelans and many other migrants you've come before and many of these migrants may still decide to just take their chances at the border. More than 150,000 migrants from Venezuela across the southern border during the last fiscal year. This is NPR news. On WNYC at 7 32, good morning, I'm Michael hill, 64 and overcast, showers this morning potentially this afternoon cloudy in 71, for a Han. A trains are running on their local track in both directions between Euclid avenue and Broadway junction in Brooklyn. And because of that, expected lays on sea trains going both ways. In the news, the hottest midterm rates in New Jersey will see its first debate today, WNYC's Nancy Solomon reports the event in the 7th congressional district is drawing more interest than usual. The debate between incumbent Democrat Tom malinowski and Republican challenger Tom Kane junior will be held by the gateway Chamber of Commerce. It sold out, though it'll be streamed as well. The malinsky campaign says it is accepted invitations to four other debates of forms, but the cane campaign has declined. The Republican is also declining most interview requests, including several from WNYC. The race is a rematch from 2020 that the Democrat just barely won, and now the district has been redrawn to favor the Republican. If Kane wins, it could be one of the congressional seats that give majority power to the Republican Party. After hurricane sandy calls an estimated $19 billion in damage, the federal government chipped in $15 billion in aid, ten years later, New York City has spent only about 70% of that money, a new report released this morning by city controller bread and lander calls progress on recovery and resiliency efforts slow and far from complete. Climate change is moving a lot faster than we are. We are not moving quickly enough to get ready for the next sandy like storm. The review recommends fast tracking storm resiliency projects. As bird fly south through our region for the fall migration, advocates are asking people to help any injured bird they may encounter, migratory birds can hurt themselves colliding with hard to see glass buildings and Windows, self describe bird nerd, Thorpe, says he came across one this week in dumbo. And there's this little old ruby crown kinglet, which is a really beautiful dark green bird, and they have a red crest on their head, which they don't usually show, but I guess this one was so alarmed that you could really see that red patch on the head. Hey, scooped it up gently placed it in a paper bag and brought it to the wildlife bird fun. 64 mostly cloudy look for shower chances today, cloudy in 71. Support for NPR comes from NPR member stations

NPR news WNYC Dave Mavic Alexa Hugo bache michelada Biden administration Joel rose Ukraine Venezuela Nancy Solomon Kyiv Tom malinowski Tom Kane gateway Chamber of Commerce U.S. Michael hill Department of Homeland Securit NPR
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:57 min | 6 months ago

"tom kane" Discussed on Bloomberg Radio New York

"Trey Thomas. This is Bloomberg best on Bloomberg radio. I'm Ed Baxter. And under these Pellegrini. Denise with all the talk about inflation, it's worth noting that prices could actually come down. Yeah, right. A lot of disinflationary pressure out there, according to some and that's probably something that we should think about more frequently. And Bloomberg's Tom Kane Lisa abramo and Paul Sweeney caught up with Joseph stiglitz, Nobel laureate professor at Columbia University. And he tells them that everyone pretty much needs to calm down and probably not take the recent bout of inflation so seriously. Let's listen in. First of all, it's mostly a supply side inflation. And think about some of the things that are really driving it. Take the price of energy. First of all, it's way up. We have a war in Ukraine. We understand that. But we know over the long run. And when I'm talking about the long run, it's not that long. That price oil energy is going to come down because the backstop as we call it. We know we can produce an unlimited amount of renewable energy at the equivalent of about 30, 40, $50 a barrel. And that number keeps coming down. So that is the number that energy is going to be. So we're going to be disinflation. We're going to go through disinflation in the future. I can't tell you when it's going to happen. Okay. You know, what's so important to you, Joe, and people even redux back to 1947 out to the Eisenhower disinflation and the two bouts of disinflation. We had into the early 1950s. Once inflation begins to disinflation, do you believe it keeps going? Or do we come down and stay at a certain point, which causes an uproar? It wants is there a momentum to a disinflation? People used to think that there was a momentum on inflation and then a momentum on disinflation. But the forces for that momentum are much, much weaker today than they were, say, 50 years ago, unions were strong when prices went up. They demanded higher wages, higher wages led to higher prices. Unions are weak. And so we're back to, you might call normal competitive forces. And what we saw in the years before the pandemic, that overall supply was extraordinary robust and prices were kept down. And I think we're going to be returning to that kind of a world. Well, what's the fed's role in this then? Because there is this belief out there that this is a different moment and people point to not just oil prices and commodity prices, but also this fissure between the U.S. and China and a reshoring of some of the supplies, which is naturally inflationary. Also some of the conflicts inflationary by nature with Russia and Ukraine. How much are you looking at a fed that even if they don't want to has to raise rates substantially to get ahead of inflation that may disinflation down the line, but not quickly enough to create some real threats to this economy. First of all, you know, almost all those forces you cite are either long-term or relatively small. Yeah, we're going to be reassuring. We have low cost suppliers that are alternative to China. Vietnam and Asia, Latin America has a lot of capacity. So yes, costs are going to go up. And there's going to be a readjustment. But it's going to take over a number of years and it's not going to be that big. We are to get prepared for it. What I worry is on the other side that the fed were too fast and too much. And remember it takes about 18 months for the full effects of monetary policy to be felt. And in that span of 18 months, if the war in Russia comes to an end, the energy prices will come down and that will be a strong disinflationary force. Food prices will come down. They're already signs of that. That will be a strong disinflationary force. You remember over the last 50 years, public policy has been telling farmers don't produce. Yeah. Don't make so much food. And if we just reverse that policy, prices of agricultural goods are going to come down. So again, we have a backstop here that it's hard for me to believe that will sit by and simply let prices be so high while we continue to subsidize our farmers. Our farmers. Joey, it seems like you think that the potential error is worse, but the fed going too fast rather than too slowly, which is the opposite of what a lot of people are saying, including some fed members. What would you have to see to change your mind in terms of the data in terms of the incoming developments on the ground in the economy? Well, I would be looking for a particular acceleration of inflation. You know, right now wages are not keeping up with prices really the opposite of what you would expect in a very tight labor market. So if I saw a real wages going up dramatically and I saw inflation start to take off at a higher rate rather now the rate of inflation is dampening and still going up and accept much lower rate. Those are signs that would lead me to take stronger action. You know, professor, my friends in Congress are actually doing some work down there. They have something called the inflation reduction act. Can my Friends, your Friends in Congress, can they impact inflation? Yes, they can. This is

Trey Thomas Bloomberg radio Ed Baxter Tom Kane Lisa abramo Paul Sweeney Bloomberg Pellegrini Joseph stiglitz Ukraine Denise Columbia University fed Russia China Joe Latin America Vietnam U.S.
"tom  kane" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:52 min | 8 months ago

"tom kane" Discussed on WNYC 93.9 FM

"Week park in Newark Two Democrats took openings to criticize governor Kathy hochul during last night's debate Congress member Tom swazi of Long Island and New York City's public advocate Monte Williams are challenging hoku for the party's nomination Both criticized her for getting backing from the National Rifle Association in the past They also highlighted the deal she reached to spend hundreds of millions of taxpayer money on a new stadium for the Buffalo Bills governor hochul defended the stadium deal and set her positions on guns had evolved in the last ten years since she got a favorable rating from the NRA Democratic New Jersey congressman Tom malinowski but once again phase Tom Kane junior in November's midterm election came easily won his party's nomination yesterday the state's 7th congressional district malinowski beat Kane in 2020 by one percentage point Told NJ spotlight news expect another close finish In New Jersey this year this is the race because redistricting left all the others essentially safe for their incumbents all eyes are going to be on our district Kane served as the Republican leader of the state center for 14 years before declining to seek reelection last year For the first time in 7 years the New York City sanitation department is looking for new recruits the city opens up the rare application process for the department today but a word of warning to potential applicants those who pass a test can still wait years to land a job Alicia shorter was hired 6 months ago she took the test back in 2015 I'm very friendly with our garbage men and they used to tell me you should try it It's a great job and so now I'm here George says she was taught from an early age that city jobs which offer a penchant are worth applying for My mother told me to.

governor Kathy hochul Tom swazi Monte Williams hochul Tom malinowski Tom Kane National Rifle Association Newark Kane New Jersey Buffalo Bills Long Island New York City NRA Congress New York City sanitation depar Alicia shorter George
Sebastian Talks 2022 With New Jersey's Phil Rizzo

America First with Sebastian Gorka Podcast

01:52 min | 8 months ago

Sebastian Talks 2022 With New Jersey's Phil Rizzo

"Somebody who I've been told I've got to have on this show is an individual who was on, I don't know a year ago, two years ago, he is continuing to fight the swamp in New Jersey. He's fell Rizzo Phil. Welcome back to America first. How are you, Sebastian, good to talk with you again. Good good, we're good. You ran for governor. Now you're rounding for the 7th congressional district. I've been told you are fighting swamp creatures. There must be quite a few of them in New Jersey. There are and we're certainly dealing with the kingpin here. We're dealing with the prince of the party. Tom Kane junior, son of former governor Tom Kane senior and GOP darling here in New Jersey. All right, so tell us why you think you can win and what your message is as to why you're the better candidate. Well, Tom Kane has been in office for over 20 years, but he's never won a position. He was simply a selected to the New Jersey assembly in 2001. He was then selected to the New Jersey Senate in 2003. He never won either of those positions. He was appointed to vacancies. He's then run for federal office three times and he's over three. With all of that failure, he's never had a primary. So we're giving him his first real primary in 21 years of political service. And we are exposing his voting record as you call it a swamp creature. This is the first time he's being held accountable by a Republican and no Democrat would ever call him out because they have the exact same voting records from CRT and transgender push to putting men into bathrooms, locker rooms and showers of our

Tom Kane New Jersey Rizzo Phil New Jersey Assembly Sebastian GOP America Senate
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:59 min | 8 months ago

"tom kane" Discussed on Bloomberg Radio New York

"His public service to his United Kingdom Really really sophisticated notes Look for that through pan mer We welcome all of you from London from New York Paul Sweeney and Tom Kane Paul has taken a break to look at the racing forums from my myth I'm looking at the racing forms here in the stock market with Simon French Simon I want to cut to the chase right now which is where in an odd nominal GDP environment with high inflation nobody knows the reaction function of the central banks Nobody knows the glide path is Peter or as I would say of nominal GDP down How does that change your ratio analysis Are you forced to look at price to sales in other top line income statement ratios I think price sales is quickly moving up the priority list Absolutely absolutely And you look at some of those multiples that and I've had the pleasure of having these conversations with you over a number of years now Tom and price to sales we've had some multiples which have defied gravity for a long long time And I think those quickly come back in an environment where nominal real metrics look very very different to the pricing that equity and our analysts have been plugging into their models for more than a decade now because they look so different You have to go back to those core ratios that have been they've been ignored haven't they for a decade or more In the third week the real yield the inflation adjusted yield that we use Look for the real yield this afternoon at Bloomberg television Is now under .10 It is going back to a negative real yield Is that a surprise And is that okay That everyone out there is hoping for real yield adjustment from a big negative number up to zero even positive It's yet three days this week We reversed Well it's healthy for capital allocation I agree with that It's healthy And you have been very consistent over many years here that financial repression is unhealthy for capital allocation And I was struck by your conversation actually before the break about markets for cat allocating capital that have questionable social good questionable allocation in terms of betting on so I think you mentioned fish and the English Channel There are the role of positive real interest rates is a more efficient way to allocate capital And I'm much more comfortable with an economy that is heading on that trajectory It may be it's taken a global pandemic to jolt my kids back into that I wouldn't have taken the death toll but I certainly would take in the economic outcome if we move to a more efficient allocation of capital With pamir Gordon Simon French here in London this morning Paul the dollop one 50 the Vic's 26.63 this trip is just generated one bull market Absolutely Tom keen Lisa brahm what's in Europe That is a bull market sign with our news.

Paul Sweeney Tom Kane Paul Simon French Simon United Kingdom London New York Peter Tom Bloomberg Gordon Simon French Tom keen Lisa brahm Paul Europe
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:01 min | 11 months ago

"tom kane" Discussed on Bloomberg Radio New York

"Gas price moves that we've seen is that it does begin to filter into longer term inflation expectations We tend to see that particularly for the consumer And so when you look at this inflation picture with wages rising as they have been with the breadth of the price gains that we've seen and ultimately if inflation expectations do begin to rise I think that really kind of undermines the last data point that we could have about this being a temporary transitory story and really we'll tell the fed that they need to move a lot more aggressively They need to get into a restrictive sense much sooner than they currently anticipate Matt let's wrap things up What you predict for this year for 2022 stack that up against what will actually get today including banishing reduction because you guys have Deutsche Bank had thrown out some big numbers Yeah so we think that you'll get 6 hikes from the median dot today We are at 7 rate increases I think there's a very real risk that they move by 50 basis points at the upcoming meetings We were expecting 50 basis points at this meeting before certainly the events that have happened in Ukraine So I think we'll get some messaging that suggests that the market is correct in pricing that risk premium member the next Several meetings Beyond that we think you get the balance sheet on wind We expect about an 800 billion of unwind this year more than a trillion of unwind next year as 1.9 trillion together Which we think is an equivalent of three or four rate increases That I think is a big unknown We've got a lot less guidance from the fed on that So we'll see how much we get there But I think we'll get the continuation of this hawk as messaging from the fed but a continuation that I think will continue to move in a hawkish direction We need to see more than 6 rate increases And we think that you're going to need to see very material balance sheet reduction If Deutsche Bank and the Deutsche Bank center with some massive numbers Matt thank you They told you banks no longer the Time Warner center Tom It's Deutsche Bank now Trying to support their effort I think we did this I get over there once a year It's on 59th street So we're still calling it the time on a center Anyway we'll park that awkward part of the conversation Lisa these are some big numbers Banishing reduction pushing 2 trillion It might not even get started until the summer Yeah and Priya misra was coming up of TV securities things that we are not pricing in balance sheet reduction and then it could start as soon as May I just wonder what they're trying to go for given all of the discussions beforehand John that this is an untried strategy They have a sense of what rate hikes do not so much when it comes to the balance sheet reduction They're going for credibility They're deepest deepest fear and professor summers gave them some slack today on this is the pressure to maintain credibility That is a number one thing or reclaim it Because some people think they've lost it And if you want to reclaim credibility you have to signal the willingness to take this to a restrictive stance By the forecast today And if someone of the indicative of the where the terminal rate is as Mike McKee said where's the terminal rate Tom Kane ELISA brama said Jonathan farrow counting you down to that fed decision about 18 minutes away Up shortly Priya misra of TD and Michael ferroli of JPMorgan.

Deutsche Bank Matt let fed Priya misra Ukraine Time Warner center Matt Lisa summers John Mike McKee Tom Kane ELISA brama Jonathan farrow Michael ferroli JPMorgan
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:53 min | 1 year ago

"tom kane" Discussed on Bloomberg Radio New York

"The NASDAQ 100 with the NASDAQ composite And I think we get another late lower It's actually going to be led by the S&P 500 as people start selling the stocks that haven't gone down as much So that's where I think the next leg comes down is this further shift to the S&P I'm not quite ready to buy yet but I am starting to look at that And I probably will start buying with some of the most beaten up sectors first Hey good to catch up As always pity cheer of academy securities If you missed Pete's research at a little bit earlier this week he published coming into the coming into the new week after the weekend This is what he had to say This was the quote I've seen surprisingly little on the theory that the fed is just jaw boning to push inflation expectations to an acceptable level and chore burning politicians to keep them happy Jawbone has been one of the best tools of central bankers for decades Tom Kane is that all this has been over the last month a jawbone a wait and see I agree that the fed is reacting to the zeitgeist in the rhetoric but I don't hear in fed comments with one exception a lot of job owning What stuns me John is presidents and governors making comments on specific rate hikes in sequences of rate hikes That's new territory at something we've never seen before It's the comedy So we haven't even had one We haven't had one I think that's worth sitting on just for a moment later So we haven't had one of the NASDAQ's already down 10% from the November highs But we also haven't had inflation like this And the stock traders are all trying to get ahead of the inflation that a lot of people are seeing in terms of the momentum And this time is different in that you are seeing real inflation that we have not seen in decades The question remains are the transitory believers still out there and it seems like he cheer is saying you know what This actually does resonate for later this year Later this year we've got a lot to talk about Do we see that deceleration in economic growth this year which would encourage people to go back into some of those growth names Do we see that deceleration which would encourage the fed maybe to back away from interest rate hikes That's the debate of the momentum That's why we've got some people saying four 5 We've got some people saying too You're Steve englander of standard chartered game with two Looking for that deceleration later this year that deceleration in inflation I'm gonna go around England or I'm gonna go to David blanche full of Dartmouth and David Rosenberg up in Toronto with his own shop and what these people are saying is it's dynamic and things change as events occur And if you do get a yield up is you do get the fed pulling away fiscal stimulus abs That's a whole new world after all I hope we can catch up with Danny soon because I'd have a basic question and Danny and I go back a long way With good friends But I want to understand a conditions at which he would call for an interest rate height hump I do want to understand that because that's been absent from the conversation for a while That would be true That wouldn't be true He has been very very skeptical Some cane Lisa parameters and Jonathan farrow yield to level three basis points lower one 83 43 on tens This is Bloomberg.

fed Tom Kane S Pete Steve englander David blanche John David Rosenberg Dartmouth Danny Toronto England Lisa parameters Jonathan farrow Bloomberg
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 1 year ago

"tom kane" Discussed on Bloomberg Radio New York

"And folks for those of you worldwide This is a cottage industry in New York We're focused 24/7 on the ridiculous real estate market here And John you're right It's hugely partitioned Some segments exploding and others really pretty quiet 23% So that's quite a climb Yeah and really what it highlights is who's moving back to New York City and who is leaving right I mean the people who are actually wealthier who are white collar workers are coming back they're looking for the entertainment the socialization the culture whereas people who are lower salaried individuals can't afford it And frankly probably were hit harder during the pandemic as some industries don't recover So I think it is a bifurcated nature too if the recovery in the region And that's the frustration of the leadership on Wall Street right now Tom and you touched on it earlier If that is true what leaks are just described that situation I imagine for some for many it might be true They're coming back to Manhattan for the good times in New York City but they don't want to go back to the office John if you get a back to hunt Saudi I'm a crime and there isn't a horrific variant about it It's going to be it's going to be wild I don't know when march April may whatever John this is Justin thank you to our staff for this surveillance crews the virtual balconies are sold out That's like they give you they give you a view of Lisa doing the Bloomberg We doing virtual virtual balconies You get a Bloomberg shot You get the foreign exchange created your room I can't wait something I know You can't charge it Management are really excited I hear sales are really pumped up about sound this one too They can't wait either Lisa Brad it's Tom Kane Jonathan pharaoh PPI data 50 minutes away futures up a tenth on the S&P yields unchanged at one 74 11 on tens from New York This is Bloomberg.

New York City John New York Manhattan Tom Saudi Justin Bloomberg Lisa Lisa Brad Tom Kane Jonathan pharaoh
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:21 min | 1 year ago

"tom kane" Discussed on Bloomberg Radio New York

"Good morning this is a Bloomberg surveillance Tom Kane John farrow off Kaley lines and Edwards in We're looking at a market that is refacing another pandemic wave or the potential of it downward gift certainly S&P down 1.7% ahead of the market I will say stocks 600 down much more down almost twice as much as people assess some curbs and travel in the European region also reassessing when the fed's going to hike rates with that push back significantly The ten year yield down to 1.53% The two year yield down to almost half a percent from being as high as almost 0.7% at one point earlier in the past few a month But crude is what's getting our attention this morning Crude and IMAX is down about 5.7% 73.91 How much do you travel curbs really change the backdrop the supply demand dynamic I'm ready to send founder and director of research and energy aspects joining us now I'm Rita happy Thanksgiving Thank you for being with us What's your sense of how much of a game changer the potential entrant of the South African variant could be Well Happy Thanksgiving to all of you Look I think this is a huge overreaction in terms of the market The market is fearing the worst the calculations we've done so far with all the borders closed globally We are talking about just 15 one 5000 barrels per day of lost jackfield demand Sure Europe could potentially come up with a bigger blanket ban for travel to South Africa even then you are talking about a few like ten 20,000 barrels per day of jet fuel demand The big routes the transatlantic that remains open that's kind of the biggest driver for a lot of that jet travel and Asia still reopening hasn't really haven't seen that startup say between long haul flights between Asia and other parts of the world So that's not going to get severely affected to begin with But look this is the market pricing in the worst possible scenarios Where should oil be if this is a blip If this is something that is graspable and conquer conquerable excuse me Yeah I mean of course there are a lot of but like you said if it turns out that the vaccines are perfectly effective against this new variant prices should give up $80 the SPR really showed us we've had 65 million barrels of global SPR release outside of China and prices rallied $2 compare that to 2011 when we had Libyan outage 60 million barrels of SPR one prices went down $10 It tells you how strong the market is right now how low stocks are We've got the OPEC plus meeting coming up If this concerns around demand persist it is likely that the group is going to consider pausing output increases anyway so that the floor under prices But fundamentally we should be above $80 unless demand really takes a hit So does this so so unreal to just expanding on that The market moves we're seeing here and the risks to oil demand demonstrated by the threat at least of this virus variants That plays into the OPEC argument that there are risks of oversupply for parts of 2022 does it Absolutely and this is why OPEC plus have been cautious This is why OPEC plus have been very clearly only increasing production by 400,000 barrels per day or their quarters by 400,000 barrels per day even though The White House and other consumers had been calling for a bigger increase in production They've been talking about the winter they've been talking about Look they could be potential mobility restrictions and their own numbers show really big stock bills Now of course you've had the SPR release which balloons their Q one stock bills further to about 3 million barrels per day Now these are way higher than our numbers But this is why OPEC plus have been cautious And I think today's move justifies their actions so far and thus call into question why The White House and other consumers released SPR going into a season which is bound to have uncertainties around demand As we're thinking about things that could influence demand I just want to draw your attention to lines from at the ECB's newest window saying deceleration Sorry saying the Euro is only economy has lost some dynamism in the fourth quarter The deceleration is due to supply bottlenecks and energy costs Is there any sense then I'm Rita that there's demand destruction has been taking place at these levels above $80 a barrel So I would say particularly for Europe it's been higher gas prices more than oil prices that have had a big impact on industry You have seen industrial demand being cut back So I think that's where some of the comments are coming from for sure look the biggest risk to next year is going to be around the supply chain issues and high energy prices that in terms of the downside risk We still think in terms of GDP growth or economic growth slowing down that's more a 2023 story But you can't ignore the fact that those are your kind of real bottlenecks going on right now But regardless there's so much pent up demand across the world in Asia is just opening up So there is a lot more upside to demand as long as again this variant doesn't prove to be completely to just prove to be the fact that you can't use the existing vaccines against it Then that's a different story but otherwise demand still has more upset And Marina something that's got lost amid all the talk of this variant and that SPR release that was coordinated by many countries is the fact that they're still talking about an Iranian nuclear deal and actually Iran is attending a meeting in Vienna on Monday to talk about it and we understand from a phone call they had with the EU earlier today that they say a quick return is possible if sanctions are lifted If that happens what is the impact of that Iranian crude coming back onto the market Look if it's a big if I'll come on to that Are you going to get a big pullback right It could be ten even $15 lower but I would really stress this Iran has been dragging its feet for a very long time This is no longer just about the JCPOA We absolutely don't think you're going to get a quick resolution It's going to probably drag on for months and we don't think Iranian barrels come back to September 2022 with the whole process of sanctions lifting And the reason I said is going to be a big drop like ten $15 potentially is because Iran has about 67 million barrels of oil just sitting there in tankers and that can come out to the market very quickly So I can see crude in the 60s but of course the OPEC plus will act as well I would expect them to But equally you know this isn't an Iran that's ready to do a deal overnight Yes there'll be a lot of headlines going into your end around this But the demands that they have are very very difficult for Europe or particularly the U.S. estimate Yeah and Rita it's funny that you said that because my next question was going to be doesn't even matter if OPEC plus can just come in and counteract that Is that just going to be permanently true in the oil market that the only actual factor that matters is the policy of OPEC plus Well the irony that is asking the question because you know so many people analysts have ruled or they've just said all pack plus don't matter anymore And they've kind of ruled out their.

OPEC Tom Kane John farrow Kaley lines SPR Asia Rita Bloomberg
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 1 year ago

"tom kane" Discussed on Bloomberg Radio New York

"From the Kremlin the spokesperson out of Russia term Saying that they didn't discuss the threat with Belarus and Russia before they made that threat The threat from president Lukashenko about holding back the gas Russia saying that they are and will remain a country that always fulfills its contractual commitments to deliver gas the European consumers The reliability of Russia as a supplier and as a partner under current and future contracts is beyond doubt just sending the stage Tom going into the winter months of this year Well let the markets talk ruble weeker this morning Yeah and that's the move Tom I'm with you dollar ruble a move of one percentage point but it hasn't been the move of this year right So far Well this is really important folks This is a partition what we see in ruble dynamics from something really ugly like I'm seeing a 9.94 Turkish layer as it revisits near a ten level or Argentinian peso at 100 non black market I mean John those are different stories I think it's a tense Later that's pretty obvious isn't it As we close out this year And the backdrop of the energy crisis making things all the more tense as people try to fortify their pipelines fortify at their message Their modes of getting oil and gas I do wonder though how quickly this changes next year If you start to see supplies come back on and demand normalize with the normalization of the global economy Bottom line we're talking about this and we're not talking about the end of carp Isn't that what Russia wants right now Lakes are ultimately not just Russia but also Saudi Arabia The irony of them that they are being asked to pump more oil at the same time that global leaders are joining together to try to figure out how to get the world rid of oil Tom Kane Lisa Brad it's Jonathan Ferro your equity market up ten on the S&P 500 advancing two tenths of 1% This equity market has a lift to close out the week just to subtle mild little one after a weaker losses is very much still on the cards Yields are higher by a couple of basis points Let's call it two on tens to one 56 64 in just a moment I'll discuss Euro dollar which is flat on the day but negative on.

Russia president Lukashenko Tom Belarus Tom Kane Lisa Brad Jonathan Ferro John Saudi Arabia
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:09 min | 1 year ago

"tom kane" Discussed on Bloomberg Radio New York

"For the Democrats but it's not happening and that's going to set him up for a really competitive race on Tuesday And how will the Virginia race tomorrow set the tone for the midterms in 2022 So Virginia despite the fact that it did go for President Biden with a pretty considerable margin is really seen as a swing state particularly a swing state with a lot of suburban voters that we saw go for Democrats in 2018 and now both parties Democrats are trying to keep Republicans are trying to win back So this governor gubernatorial race is really expected to be a bellwether for that Another thing to keep in mind is exactly how much influence former president Donald Trump is playing here You've seen the democratic nominee mcauliffe a really invoke Trump a lot really tie to tie his opponent Glenn youngkin to Trump Glen young can the Republican nominee has tried to sort of do this belt scene act where he hasn't really fully embraced Trump but he hasn't tried to create too too much distance between him And so it's going to if that works out for him if he winds up winning on Tuesday that will provide a road map for other Republicans in these swing districts to go forward for the midterms Emily isn't this really strange that the race is basically coming down to one candidate trying to make this a referendum on the current president and the other trying to make it a referendum on the former president To a certain extent I mean let's be clear there are other issues at play here particularly education what will parent should play in education That's been a really big component of this race for the last month Are those particular issues But you know what Jonathan you're absolutely right I mean a lot both Democrats and Republicans see this phrase as an early testing ground for what's going to happen with the 2022 midterms That's why you are seeing a little more of a focus on the national message here even though obviously this is only to be governor of one state Emily thank you As always assembly Wilkins our government reporter Dan in Washington D.C. Lisa this has to be quite literally the number one political event in this country this week And you framed it well which is basically a referendum on one president or another And it really highlights the tribal politics And I do wonder how much is because there's too much nuance in the market now The too many problems that are hard to sort of tribalize and we have to actually think about each problem and so you just go back to what is the lightning rod And that's what you're doing As I think what it ultimately comes down to Just go to jump in Lisa forgive me just some breaking news I mentioned in the last couple of hours that spurs a North London football team in the UK had lost their manager they fired him This is Tom Keane's team and Tom Kane isn't with us this morning Rumored to maybe be in the running for that show I stress rumored I stress maybe First statement from Tom Kane this morning he says crushed just crushed He upset Does he want the job I'm trying to get some confirmation Lisa I mean you think that he's politically trying to angle himself I'm trying to make him a candidate You're trying to cover Push a narrative I just want some kids just to break for a little bit You can take a 6 month sabbatical to the end of the season You'll take a road trip I'm sure he's been looking for that He likes Tori I know this could work I know.

President Biden Glenn youngkin Trump Glen young Trump Virginia mcauliffe Emily Donald Trump Washington D.C. Tom Kane Lisa Wilkins Jonathan Tom Keane Dan football London UK Tori
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:59 min | 1 year ago

"tom kane" Discussed on Bloomberg Radio New York

"Morning. Good morning alongside Tom Kane. Lisa Brown with some Jonathan Farrow 24 hours away, 48 hours away Rather from a payrolls report Friday coming up claims that 24 hours away we'll get them tomorrow morning He was 1 46 46 years unchanged on your 10 years. They did come in just a little bit following the ADP report We give some of that ups home euro dollar 1 18 78 and your equity market down almost 1/10 of 1% 40 to 78 S and P 500 John folks For all you on radio and TV. It's nothing like the West Coast, but it is Summer in New York. It's hard to concentrate when it's 90. Thanks to is that fairness vet Bill and can just doubling down on the That's exactly melon cannot be refused, refused to go outside. Just what it's that hard, just like no There we are, we're going to do right now. We just had Michael McKean ADP report. We're really going to dive into jobs Day. Right now. It's just sequence from ADP to claims and then do that huge raft of economic data on Friday, Thomas cost ridges with us with picked a and he is optimistic. Good morning out of a million Can you do you have to do 950,000? Because your general counsel says you can't say one million Because it's a big, ugly round numbers and how it works. There is a need. I think we could get one million but probably more likely over the summer. Maybe in July and in August, So I was a bit shy of that, But I think I think we could get there like I mean, let me frame this barrel report all economic indicators and looking at a strong Especially with regards to, um if you look at high frequency data like gasoline, demand, even electricity use passenger travel. They're all very good there, you know, going up. I think that bodes well for perils on Friday, and I think we could have even better payrolls over the summer. Do you just assume whatever the given number is our trend line and all that. That we mop up eight or nine or 10 million unemployed out X number of quarters. Is that just a given? Right, So I I think the momentum could slow in the second half of the year because the easy gains in payrolls have definitely been services. And you know, this is we have summertime coming. So that's a big job growth in services. But after that, it will be more difficult to add new jobs, so the marginal gains could slow in the second half of the year. But No, Let's focus now on these summers jobs data, which is which is likely to be very strong, and we have time to focus on the later you know what happens later this year will be another story. It's almost you think the Fed has time. I think the pressure will grow on the Fed to announce QE tapering. I think the debate at the Fed is shifting. I think they were looking just this crude. You know this loss in employment since February last year, which is around eight million jobs, and I think they are having a more granular approach to the to the labour market because I think it's much tighter. And what the pure look at the unemployed would say, And I think if people get job openings versus the unemployed, I think it shows you that the labor market is actually much tighter than what it looks. Yeah. So what's your base case, then? For the participation rate in America, Thomas, there is this belief that it just recovered and to your point, Raphael Bostic of the Atlanta Fed President Bostick saying the US is 9 to 10 million jobs short. Pre virus long way to go. Do we get there? I think we'll get there. But again, I think there's some structural issues which have actually nothing to do with the Fed or with monetary policy. And we know many people retired, so I think we need to come them out. I think jobs have changed as well. So I mean, the structure of the labor market has changed as well. So you know, at the end of the day, I think, um uh, the the view is that there is still some cyclical left some cyclical slack left. But not that much. So I think well, we could get there actually sooner than what many many expect not saying that you know, there's still some lingering issues, structural issues that will linger in the labor market. But that's probably beyond what the fact that the Fed can address with monetary policy alone. Thomas I'm preparing myself for the roaring debate about whether the enhanced unemployment benefits Have hindered people from getting back into the labor force. The Wall Street Journal writing a story recently running a story I should say where they were saying that early numbers seem to suggest at least from places like Missouri that more people were coming into the labor force after the decline in benefits. What are you going to be looking forward to confirm or to deny those arguments as people try to path to chart out? Potential policy going forward. Right? I do think the high unemployment benefits have had an effect on Labour force participation. The question is, of course, how much I think the problem is that The regional data on the state level data comes with a lag, so we won't have it on on Friday, and by the way, we'll have to wait until the summers data to have a more a better picture because many states are in the process of Afghan selling those those extra unemployment benefits, But I think we won't get the true picture for probably one or two or three payroll reports. But we'll definitely get a good sense by August and biogas. It's when the Fed Is likely to send a signal about QE tapering Thomas. We've reached a point where people basically dismissed the Phillips curve as irrelevant to the current paradigm. But are we going to go back to a period where if the labor market gets tighter than people have basically been expecting? We will see a resurgence in the Phillips curve in this relationship between the number of people who are applying for jobs. And the wages that they are getting paid. Right, And it's It's a difficult.

Tom Kane Michael McKean Lisa Brown Raphael Bostic 9 Jonathan Farrow eight 10 years 48 hours tomorrow morning Friday New York one million August July 10 million February last year 24 hours Missouri Thomas
"tom  kane" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:28 min | 2 years ago

"tom kane" Discussed on Bloomberg Radio New York

"Everyone. Bloomberg Surveillance Lisa Abramowitz in Tom Kane again. There's been a John Farrell said He will talk about that later. Right now, with the Seattle slew of economic data and the thing that really matters. Pulse of American retail are Michael McKee? Yeah, Tom, We have a lot of different numbers coming out right now. And retail sales is the headline. And of course, it's the one that's coming out Most slowly. So let me run you through some others. Empire manufacturing. 3.5 down from 4.9. No surprise there. P p I for final demand is up three tents on the month That puts it on a year over year basis at 8/10, so no inflation. Into the system. Right now. Here comes retail sales. We are down by 7/10 of a percent. The forecast was for flat, so it's much worse than had been forecast, Plus The revisions to the prior month for November, down 1.7% originally estimated to be down 1.1%, the retail control group, which is what everybody looks at Is down 1.9%. The forecast was for a 1/10 game. And here's the bad news. I heard you say, Wow, Lisa. Yeah, Let's see your reaction to this November Revised down from negative 1.12 negative 3.7. So I don't know what people were doing in November and December, But they weren't doing a lot of Christmas shopping. It appears and I will say, and Tom, you know, I know that you're probably sitting there thinking, I say wow and everything, but this is actually a really big Wow because basically, people looked at the big deceleration in November. The downside surprised and they said, Well, the people just delay their purchases for the holidays, or did they not buy them at all? This seems to suggest that people really rickard their purchases, which suggests a greater Deceleration of the economy, Tom then perhaps people had previously we'll be there. And Michael, you're expert at this and I want to go to the control group. You're gonna explain it to our audience what it is, But, Michael, I'm going to use a dangerous word. Unprecedented. I'm taking the controlled her back before the financial crisis and we have 123. Moments down in the lower and the lower number, and that's unusual. Usually if it plunges. It goes down. It comes back. That's not happening here. That's not happening here, and it reflects the fact that the pandemic is just not going away, and people have been saying experts have been saying that we're going to see week spending as long as people are afraid to go out and spend and that appears to be what's happening here now. Non store retailers, though, is the real surprise here. The people didn't shop at home, either. Not store retailers down 5.8%. Although they're up 20% 19.2% on a year over year basis so more people did shift to buying on the Internet. But not as many people did so in December, compared with November and as we saw it, November numbers are pretty weak now. Tom asked What the control group is You take out things like gasoline prices sales at service stations because their price based on as gas prices go up and down that influences it take out vehicle sales because they're reported as business investment and you take out things like home built home supplies. They're also under residential investment. So this is the stuff that basically goes into GDP. As what consumers spent. So a big decline in that does suggest a real problem. Lisa, I have a control group. I'm eyeballing it off the Bloomberg using the hyper secret Michael McKee numbers and if you look at the control group back 41 years This is unprecedented to see the vector of this the persistent decline that we see over three months and it's important that this is December. This is the holiday season. This is when buying should pick up Mike. I'm wondering how much this challenge is the assumption that the services side yes, has been lagging. But now so to perhaps the manufacturing this stuff we're all buying. Perhaps we're not gonna be buying quite a much. We're not going to see the same kind of strength going forward. Well, I I think that is correctly, so this report doesn't take services into account. We have to wait for personal spending numbers at the end of the month, but it does suggest that the stuff goods that we were buying, which had propped up retail sales. May be fading as the virus continues to rage here. You look at what didn't sell Electron IX and appliance stores were down 4.9%. They're off 16.6% on a year over year basis. The interesting thing here is everybody was spending money earlier in the year on home office stuff, and I guess now we have all the computers and zoom lights that we need and people aren't spending that way anymore. The traditional stuff in the holiday season clothing stores were up 2.4%. They're off 16% on the year sporting goods down 1/10 general merchandise stores off 1.2% in department stores off 3.8% on then, of course, the big one we follow in terms of discretionary spender. Again, the most affected by the pandemic, food services and drinking places down 4.5%. Year over year down 21%. It tells you that Not only was December bad, but 2020 was a an awful year for that industry. And it is a Thompson unprecedented by the way I love how you say people had already bought everything for their home office is Tom and I both are thinking of the Ipads and airpods and other devices. That we have to occupy our Children through the pandemic and the quarantine. There is a question of the market response. Right now you're seeing yields go lower. You're seeing stocks kind of range bound here ahead of the open. Which raises the question is bad news. Bad news is bad news is good news or, frankly, to traitors just not care, because ultimately everything will be determined by fiscal fiscal and monetary. A response. Well, I think the third one is closest to the answer. Lisa was reading notes this morning from people on trading desk who basically said the expectation was for a downside. Surprise in the markets. People knew that the company had weakened and we knew that the virus had taken off and so The markets aren't really fazed by this. They know the Fed isn't going to be moving interest rates it also, we don't really need to see much of a change in the bond market. They could go down a little bit because at this point the economy doesn't support the idea of faster inflation. We saw the PP I numbers decline. And so at this point, it's.

Tom Kane Lisa Abramowitz Michael McKee Seattle Bloomberg John Farrell Fed Electron IX Mike Thompson
EU might force Apple to ditch Lightning connector in favour of USB

Bloomberg Surveillance

05:58 min | 4 years ago

EU might force Apple to ditch Lightning connector in favour of USB

"Investment but some ice hockey here in the heat artist. In a moment the, Bloomberg, NJIT, stem report always brought to you, by, New Jersey institute of technology of the NJIT maker space and you rapid prototyping, design and innovation lab where companies collaborate with students and faculty. Learn more at NJIT dot EDU here's baboon good morning Tom Jonathan here's what's making news in science technology engineering. And math China is already threatened by escalating US taxes on its goods and he's about to find it much harder to invest in US companies want to. Buy American technology in such cutting edge areas as robotics artificial intelligence and, virtual reality President Donald Trump is. Widely expected as early as. This week to sign Deflation to tighten the US government scrutiny of foreign investments and exports of sensitive, technology law which congress passed in, a rare, show of unity. Among Republicans and Democrats doesn't single, out, China but, there's no doubt the intended target is Beijing the Trump administration has. Accused China of using predatory tactics to steal American technology excuse me but do you happen to have a cell phone charger that I could borrow one that actually fits my phone back in two thousand nine apple Samsung and other. Phone makers signed onto, a, memorandum, of understanding voluntarily standardizing on the, micro, USB connector although the fine print let apple maintain its proprietary lightning connector apple, collects royalties for those using its technology now there's word that. European Union regulators maybe ready to force the issue the website ars Technica reports the EU is looking into a. Legal mandate to push standard phone charger connectors and possibly prohibit nonstandard The rule would be aimed, at reducing the amount. Of electronic waste created by chargers that can't be recycled that's the Bloomberg NJIT stem report Tom Jonathan Bob moon, thank you so much fun things you need to know to start your day brought to you, by interactive brokers rated number one best online broker. Two thousand eighteen atop online broker for the eighth consecutive year by Barron's visit. Ibkr k.. R. dot com slash IB to learn more John I was just last night was the most interesting political night since the election Ohio it was, fascinating, to see the county by county by county returns commend so Kevin cirilli informed me that this, Ohio house district has, been dominated by Republicans it's nine hundred ninety two yeah I did not know that. So it's been a long time and now you've got a wafer thin. Margin regardless of who you know urban rat like any other just wrapped around Columbus and then there's suburban and then there's rural And you know rural big pro-trump urban big pro Democrats and it was, the suburban vote which which will be the study over the next coming weeks and I, don't have any idea how that study will come out Mike Allen featuring axios this morning so does this make the midterms a. Lot more interesting yes yeah I, would, I, guess we. Knew that before but, now we really know with a vengeance tesla I loved your covenant Saudi Arabia I I agree it's a, big deal yet. Isn't is going to be difficult I think this is the most polarizing company on the planet whichever side you sit on this by Sal. Barish bullish that headline from the financial times yesterday's rally started and what got, the. Rally started with the following headline the f. t. reporting that the Saudi. Wealth fund is set to have a three to five percent stake in tesla that's. Long-term money while fund money. Is, not going to pay on. A dime and quite clearly as a hedge away from the energy story in Saudi Arabia and you mentioned this long term and if tests that does need, funding at some point, it's got what kind Big. Names in the bigs two to lean on when is your life destroyed I mean one, twenty eight seventy two Luckily I'm funded in dollars I Some I'm okay so? You, always buy during some London yes it's my job when. I got back onto the. Pumped With capable. Where it is south of one thirty with euro-sterling north of north we Pence in your. Hugely qualified to answer this where does the pain come in for. The average, person. In England. Is at one twenty six is at? One, twenty years studying is so much more important you're stunning We're given given the fact that the bulk large chunk of trade between the United Kingdom in. Europe is where it's. At your sterling moving past ninety pen significant three days on the move here today is not huge. But the move since we sort of bottomed out in April I think we've had a vicious move over the last couple of months is. Exonerated in last couple of weeks and curiously it's. Accelerated the weakness has accelerated at a time that governor Connie's height interest rates and come. Fascinated about it pay for a chunnel ticket in euros or sterling. Do either Yeah I took his check was very high I took the channel. Thing that was very very on the tunnel, I can't imagine? You want. To train happy was the state it was, can we tell our? Listeners, about this morning the Tom Kane Kane Did the first forty minutes, of the show standing up. Because he came into the studio at someone, had moved the seat When you walked into the studio you stood up muttering under your breath and I didn't know what was going on And I said I? Said what's wrong he said someone stole my It's? You gotta, gotta get the Goes down Can I tell you what you think productivity dropped by in the last thirty minutes is the whole of bloombergradio. Ran around the office configured share right now is a great The.

Njit United States China Saudi Arabia Bloomberg Apple Tom Jonathan Donald Trump EU Ohio Tom Kane Kane President Trump John I Europe Congress Tom Jonathan Bob Moon Tesla