23 Burst results for "Tom Kean"

"tom kean" Discussed on Sci-Fi Talk Byte

Sci-Fi Talk Byte

02:43 min | 1 year ago

"tom kean" Discussed on Sci-Fi Talk Byte

"But if they need a yoda open. I'll be there. They'll they'll have me. I'll i'll do whatever i can. Have you heard anything about that. No more than you have. I mean you know that's i they. They keep anything. That's real information on a pretty short list. So i'm sure there's whole divisions of things grinding away on making it happen with the until until my agent gets phone call. I'll have no clue so. Have you ever had a chance to skywalker ranch. Yeah i've been there a few times. again for a fan. That's kind of a surreal experience to be walking around and go. This is where all the stuff happened. The niamh hatami and did all motion capture thing on a per game so my face is actually in its and that was another amazing experience like this is brutal occurs. Have you had a chance. Maybe a little collectible. Omb yoda or anything like that. Oh my my wife is the one that grabs the collectible. Have a whole shelf in my office bookcase that she's kind of filled up over the years. I've never had to really make an effort to do that. Because she grabs things that she likes usually cretaceous pretty good. So have you seen like the full size ones. And i'm actually actually. I was talking to one of the guys from gentle giant last night about getting a giant clone wars. Yoda so much put it. They're pretty big. But it'd be fun. I walked into a friend screening room and he had one of them. You think he's gonna move. It's amazing well. I got to see if i can find one. Because she's been asking for years from to locate something like that so that'd be fun to do continued success. It's a great show looking forward to the new season. And i guess really just one thing for the dvd's did you do anything in particular for the season. Just finish well the day They've got some a ton of behind the scene stuff and special features you know it's it's a little it's a little different than a than some some behind the scenes and best of things and because there really isn't a lot you don't have a bunch of out takes for instance or something like that. It's it's pretty you know plan but there including a lot of things that are sketchbooks and stuff like that. So i think the pencil like him as continued success. A great series. I'm looking forward to it. It's a nice little half hour that i don't mind kind of going into that universe and exploring one. Sounds like it appreciate edgy. That's good star. Wars clone wars season seven is on disney plus and all the other seasons as well for bite. This is tony talada..

disney tony talada
"tom kean" Discussed on Sci-Fi Talk Byte

Sci-Fi Talk Byte

05:04 min | 1 year ago

"tom kean" Discussed on Sci-Fi Talk Byte

"But frankly i really kinda dig it. I certainly have gotten used to it by now. And actually i had no problem in the feature film to and that was actually a great way to launch this. But you know. What's what's your take on the animation for the show. Well the I don't know obviously what was going through dates. Mind but i know that the part of the point of the whole thing was if we're going to do something we might as well make it different in a lot of ways you know otherwise it's just one more cartoon in now and i think part of it was they had The they've gotten such positive feedback on the style of the the tutti cartoon network which is also very angular. Very you know it moved a little differently. I think that they they kept an element of that. And then and then Improved it and took it office on much further it just you know it's just that dave you know it was just his style and what what he wanted to. That's his stamp on george What's exciting for me is what the show is really doing is really fleshing out the star wars universe and the funny thing is just a few months ago. I actually went back and watched episode three. And now you see master plo all these other characters that now you know and like when when they die it it becomes like oh man you know it is funny because as it's exactly what you're saying that the characters that were background you know that were props. Essentially in in the films suddenly have far greater weight and meaning and depth in history. So i think that ultimately proved to to improve all experience. I mean yoda's a jedi master. But i kind of look at him as almost a zen master yeah..

dave george
"tom kean" Discussed on Sci-Fi Talk Byte

Sci-Fi Talk Byte

04:44 min | 1 year ago

"tom kean" Discussed on Sci-Fi Talk Byte

"Hi welcome to season two of bite. This is tony tiller and so parenting an apocalypse. It's it's not the same way that you know how it works. Any views usually two to four minutes long but sometimes they can be a little longer when you when you live long enough all kinds of strange things very right in saying that the greek heroes the original superheroes in part because of the hopeful nature of genes vision but also because of its message of diversity and inclusion voice actor tom keene voice iota on star wars clone wars and. I'm sure he's doing it again. On the seventh season as it returns and he also voiced another character that he'll tell us about what's also interesting is Is a character who speaks essentially backwards. So i mean by now. I guess it's second nature to you. Yeah the Originally i had to think about it a bit but over the years it's gotten to be pretty Just automatic and it is funny though. Because i tried to tell the riders on various projects. Don't put it we call ei yoda's don't put it in these. Just let me do that because a lot of times survey against writers but they get wrong a lot of times you know. They're in some of these guys are twenty five years old and their experience with iota. Talking is minimal was put in english in. And we'll take care of. And dave. And i you know it's funny because he and i are so in sync with the way we think iota something that we'll see something and i'll give it a i spin and i'll be like now that's now it's not right and usually within a few seconds ago. Yeah that's that's how how i mean. When the series started the the first episode was very auto centric so you got hit the ground running with that. And there's also some. I guess you could say almost new connick lines to say to the clone troopers and things and i thought that was kinda nice. Yeah that's that's Still most of the fans say. That's their favorite episode or one of them and It was exactly because of that. It was it was so true. I guess you'd say the original iota and it did give the character chance to say a couple of things that are very insightful. Obviously because you'll just go to that that did strike accord now. Have you already started recording the new season. We've actually finished season three and their animating it now so we'll be probably in the next few months starting on season. Four spot right now. They're concentrating on obviously just getting season. Three off the ground far as animated. Animating everything you know. Don't want any spoilers. Can you as far as yoda. Is there something you can say about. What's up within this season. Well he's not in a lot of episodes because again. You know that's something. Dave and i've talked about us. That even his favourite a character is he is for both of us..

tony tiller tom keene dave Dave
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:36 min | 2 years ago

"tom kean" Discussed on Bloomberg Radio New York

"I'm going to say, 45 days ago, we're seeing the unemployment rate of educated Americans moving up out above where it was in 070 Wait. 09 as well. So it's a different kind of American unemployment than what we saw on the financial crisis. Ahead of payrolls Friday. The data just a couple of days away, and Lisa promise we go back to the perennial question for policymakers, not just the United States, but worldwide. What do you do? If things get worse? We all hope they get better. Central banks are trying to communicate. What will happen if things get better. We won't do anything. What happens if they get worse? Now? The federal Reserve? Some people might say they're done. But this is a conversation that is really embracing the governing council right now going into year end. What do they do next? Honestly, John, it seems like central bankers have done what they can do. I mean, let's say they'd buy more corporate bonds. Really well that actually help get people more jobs. At this point. If you talk to most people, and they're honest about it, they say it has a diminishing effect on the labor market. Ultimately, it has to come from fiscal. So the question is whether that will be enough urgency to get some action and how much pain do we have to have until we get to that point? Just for the record. Lisa, the Bear Abramowitz blaming Tom Kean and myself down, Lisa the Bear Abramowitz. John. Come on, Tom was talking about walking down the street. No, no no stores open. His local bar closed basically the top end of Madison Avenue for the last 10 years or so alongside me, So I got down to 59. Wow. Congratulations. Coming.

Tom Kean Lisa John federal Reserve United States
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 2 years ago

"tom kean" Discussed on Bloomberg Radio New York

"Tom Kean, a simulcast Good morning of lumbered radio coast to coast. A special Good morning run serious X M channel 1 19 in the path of Hurricane Laura. That will be a long path of rain over the next number of days. Lisa Brammertz, a natural disaster and Every expert we've talked to says, you know, not that it will affect national GDP, but nevertheless, this is a profound storm. Yeah, and it really raises the question of what resource is. United States has to deal with a storm of this magnitude. The biggest storm hitting the U. S in records going back to the 18 hundreds, how much we have to combat this at a time of such economic distress. Galveston here. I believe in the sunrise across Galveston over the lake Charles and under New Orleans, the path really centered right on the Louisiana Western border, and the Eastern Texas border is well. Landfall was 150 Miles an hour was scope back to 18 56. The landfall of the jobless claims they release Abramowitz in 20. What, nine minutes? Make it 28 minutes where were but numbed by a million a week. I don't understand. The relationship right now between the economic data and markets were at record highs for the S and P and NASDAQ a little off that futures this morning if it continues through the market open, and yet we're expecting the 23rd at a 24 weeks of unemployment claims at one million or above will be interesting to see as well. Lisa in Jackson Hole on the course we're going to really spend a huge amount of the hour. Here a huge amount of the hour here looking at the economics at your own, Powell.

Galveston Lisa Brammertz Tom Kean Hurricane Laura United States lake Charles Jackson Hole Powell New Orleans Louisiana Texas
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:10 min | 2 years ago

"tom kean" Discussed on Bloomberg Radio New York

"Tom Kean back on Monday. Lisa the equity market doing Okay unchanged on the session right now on equity futures. It's the bond market that gets your attention. The worst week for 10 year Treasuries going back to early June. Yeah, although still very low rates, But still, it seems like there is at least a little bit of a concern Creeping and about the record bond issuance from the U. S government question is whether this is a momentary blip, and today people seem to be treating it as a buying opportunity. Economic data in 29 minutes, so far, so good this week. Lisa just in terms of expectation, Certainly not in terms of the absolute number, but claims yesterday positive relative to expectations. I stress relative to expectations hotter, hotter than expected as well, perhaps fueling that move in Treasuries and not just the supply story. Yeah, but we've had this conversation over and over again. This idea of lagging indicators the historical aspect of some of this data it a fast moving pandemic where you get You know, states re shutting down and people losing confidence, and that's why people are looking toward the July consumer spending data, for example, showing the last retail sales gain before some of these unemployment benefits run out and the real economy it's done. I'll put him on this program earlier this week, and he said. The survey week a week earlier a week later, could be the difference between plus a 1,000,000 negative a 1,000,000 in the payroll report. Lisa that speaks to how quickly this is moving and how difficult it is to use the economic data to paint a full picture as to what's happening around us. Not sure of stock investors were really using the economic data to get a sense of how to invest anyway, though I've got to say John O. Well, I mean, come on, we get bad. What does that mean? I had a good print. What is that? You started on credit. You just move into equity now? Well, I'm starting with the point. Being. The economic data has not been translating into market responses, whether in credit or in equity, John and I think that that's also important this idea that no matter what happens, there's faith in a backstop somewhere. What's that phrase about poking the bear? You poked the bear The bear the credit, Bad, just anger. Let's get to the price action this morning. The data coming in around about 27 minutes time we shape up as follows. In the equity market Equity features come down three negative, 1/10 of 1% Total Snow's just a few inches away from all time highs and P 500 drama February 19th But we were talking about a different kind of V shaped recovery was all about how China would come back online quickly. The rest of the world would be okay. The V on February 19th was very, very different to the V paper discussing in August in the bond market years coming into basis points, 0.7% is your yield on a US 10 years Slap bang in the middle of the Post Co vered range the lows 50 the highs 90 in the effects market Euro dollar 1 18 0 Joining us now on this market I'm pleased to say is David Baylin City Private bank chief investment officer David There are plenty of angry bears out there and for good reason. Economic data is really not great, but the performance of the market has been something else. What you take away. Let's put everything in a little bit of context. Today we have $18 trillion worth of getting zero, so everyone is seeking yield. And of course, this has been an extraordinary rally in the bond market. That's the backdrop..

Lisa Treasuries US John O. Tom Kean David Baylin U. S chief investment officer China Post Co
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:32 min | 2 years ago

"tom kean" Discussed on Bloomberg Radio New York

"Tom Kean back with us on Monday, Lisa within 2/10 of 1% of all time highs and P 500. Try to find out why I can't. I mean the narrative Basically being momentum begets momentum. Tech names got beat up so much that now others Are catching up a little bit. But, John, I am struggling to understand the why. Behind this since February 19th the average stock still down by what down 6%. Lisa it has been one portion of this market, which is absolutely ripped through 2020. The vast majority still struggling. Yeah, and this is the question, right? Are we at the phase of recovery where you can go into more of the cyclicals, given the fact that you saw a bit of an increase? In a treasure yields Treasury lt's coming back down today We are going to be getting data, though, and the data is not expected to be that great today. 8:30 a.m. One thing I'm watching is the jobless claims. I know you are to John. The US jobless on continuing claims still expected to come in over 1,000,000 Americans piling for jobless claims. In the past week, even though it's expected to come down, still incredibly high. Next that we're looking at a 10:45 a.m. A conference from House Speaker Nancy Pelosi. Still no deal Stalemate in Washington Road to nowhere, Lisa really seriously and the road to nowhere is paved with a lot more pain. The each week that this goes on is more pain. One PM US selling more debt, $26 billion of 30 year notes. This is another record issue in strong demand all around, which has given a lot of investors some comfort that the baby isn't going to dry up. Even with the record sales, let's get to the first day morning price action. Shall we started with equities equity futures this morning looking like this on the S and P 500 against the bond market That's doing okay Equity futures unchanged on the S and P 500. We come down just the runabout two points in the bond market for day Sal off a little bit of stability Yields in a single basis 20.20 0.67% on the FX market. Euro dollar. 1 18 48 a half of 1%. Lacey, You mentioned the debt issuance 30 year issue coming up a little bit later today, the supply has been taken down. At a decent measure. Demand is doing alright, three year yields on Tuesday were sold at a record low, So we had three year issuance with record low yields yesterday was near that the tenure issue and today's 30 year note sale will bring total three day issuance to $112 billion just to give you some sense. Of how much supplies coming online you 10 year Treasury yield this morning. 0.67% on a 10 year that supply coming up a little bit later joining us now turning to our cannon called General Equity strategist. He joins us on the phone sounded great to hear from you, sir. You more preoccupied with what's going right? What could go wrong Suggest back in 2009 I remember I was sitting in an industrial industrial company conference and they were going through multiple slides of what their contingency plans for. This was in the summer of 2009 so the market was up 50%. But you were still kind of in the grip of the great financial crisis, and people were looking at each other saying, How can the market be up? So much so that this conference this company's talking about what their contingency plans on what could go wrong? If when it goes wrong? I raised my hand and I said, Have you guys ever got a contingency plan of war could go right. And the What could go right has always revolved around credit. And I was reading Ah Bloomberg story. I'm going to look away from the camera for one second, she'll just so I can read a little bit out of the story. Alphabet. Chevron Chevron price to two year bond yield yesterday with a 20.333% coupon. You had on the high yield side. Aluminum packaging Company Ball Corp sold 1.3 billion of 10 year notes at 2.875% high yield. 2.75% So you go into an economic and market kind of catastrophe or problem when you have a need for money would limited or no access to it. Clearly, that's not the case you sent full of the credit market. Keep bonds stocks Yeah, that I listen to guys printing the money Keep telling us their game plan. They're they're not even thinking about thinking about thinking about it. I mean, you could go on and on about not thinking about raising race, 2020 Tony It's for kindness to 2024 potentially for the rest of my career. Unless you get a major surge of inflation that's sustainable. Remember the 10 year inflation break unions are still in about 1.6%. They want core inflation at an average of two per cent. These guys are gonna have their foot on the pedal until the fourth for the foreseeable future. And as a result of that the need for returns and pension plans is creating a demand equation as Lisa pointed out, not just for Treasuries and is that Bloomberg Story pointed out first. For investment grade and speculative credit. Tony When does the real economy matter? Well, so this is an incredible time, Lisa, because what we have is this access liquidity we've never seen before. Coupled with it the same time. If you look at the always CD, which is the Organization of economic cooperation and development, they tracked 37 countries as of the end of June data, and it works with a six week lag. So it's really mid May A T end of June They were saying that there were zero of the 37 economies that were showing positive or above average compass leading indicators that pivoted to 90% month to month. So we have an economy that has largely been in collapse that is just beginning to pivot higher. Whenever that's happened in the past, you've had a sustained economic recovery. So it's really important that we don't need a certain incredible surgeon economic activity because that would that would change the whole dynamic of credit. You want what we're getting with? Well, a little better than we're getting, especially for the small business is the people that need the money. You are beginning to get that inflection higher. Listen, you've got to concede to some degree that the economic story is beneath the index. With Tech stocks. Absolutely riffing. I think the tech sector up about 24% here today, The K B W Bank index is still down around about 30%. That's not because the economy is doing well. It's because there is discretion. Certainly that is beneath the surface of some of these indexes. Hard pressed to find the discretion, though in a junk bond, yielding 2.875% hard to find the discretion in a record amount of issuance across the board in more junk bond issue, and so far year to date than all of last year, Tony Looking forward, there is a question here. How sustainable this is especially in light was a pretty Serious potholes. For example, there is no deal in Washington, and time is ticking and the pain is deepening. Can you imagine Washington is not going to come to a deal and they're going to let the only purpose of government is to support people and they're gonna let everybody fail. So our underlying assumption is they will get pain is the motivate motivator for change and growth. They will get enough. Paying the feed back loop will become negative enough that they will come to a deal. But again, we've got to separate what is good or bad right or wrong. Those don't matter. Hey, I frankly, I don't think this incredible use of Det ultimately is going to be a good thing. But that doesn't matter. It is So when I try to guide our institutional clients and and wealth management clients overseas is try to get by what intuitively seems good or bad, right or wrong and just focus on what is we've had almost won $2 trillion of corporate credit new issuance..

Lisa Tony It pain US John Washington Tom Kean General Equity strategist Chevron Chevron Organization of economic coope Nancy Pelosi Sal Lacey Det Company Ball Corp Bloomberg
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:02 min | 2 years ago

"tom kean" Discussed on Bloomberg Radio New York

"Tom Kean back with us in a few days back on Monday, I understanding is moving. He's in the middle of a move right now is not a vacation. I should characterize it. A little bit more specifically, he is moving up a single floor. Yeah, evidently, that's incredibly difficult. Actually, I can attest to testify that it is, I will say, I think he also might be selling some of that jewelry that he bought in a Russian funds to fund the move. Yes, I'll pay single floor. People think I'm kidding. This is the truth. This is wise off for the next three days. Tom's moving apartment. He's going to the floor above him. He could tell you all about it on Monday. Let's get to the price action this Wednesday, Shall we? Good morning to you all we bounce back on the equity market up 25 on the S and P. We advanced 3/4 of 1% in the FX market. You're 1 17 64 euro dollar coming back just a little bit still off that 1 19 level we've reached in the last week or so in the bond market. This is where the action's being. The activity yields up by two or three basis points this morning. 0.67% of supply coming through the wait. Lisa mentioning Freeze yesterday tens today's thirties tomorrow, better data in the mix as well. I just wanted Lisa is this evidence of some supply jitters? In this bond market and what is typically a quiet month of August. It's a really good question. A lot of people saying that the Fed is going to come in and buy if we see any kind of increase on the long end, there also was a question of how much people are pushing back against negative really yields The idea that inflation expectations are starting to creep into the bond market as we are seeing real Yale's start to increase a little bit, John Hard to know what the dynamic exactly Let's get a robot. You shall we investigate chief fixed income strategist and head of a multi sector strategy rubbed orjust right now Great to see you. Robert's always any evidence of some jitters around the August supply. Great tonight. Great. See you. And thanks for having me a cz. You point out Bond yields risen last couple of days and we are getting supply now, But I think the more important thing here is that we're starting to see see some signs of growth, continuing the recovery continuing. You importantly, we're starting to see sort of a peak of infections in the U. S so total daily infections of Pete. We see countries like Sweden show of ghost, fairly substantial decline and affections, and I think the market's just Sort of looking through this and wondering. We got the vaccine news potential vaccine news yesterday, wondering whether this recovery might have more legs than I originally anticipated, robbed many people going back to early tune. That was the last time the rotation trade really, really paid it out. And what we saw in the bond market topped out at about 90 basis points on a 10 year in early June and faded it many people will be looking at this move in the last couple days and wondering whether they should fade that too. What'd you tell them? I think the I think the action is really going to be in really yield. So I think you know, the other important thing that's going on here Jonathan is that the Fed is really committing itself to this kind of long term inflation averaging policy. What That means, we think is that'll come with. Essentially that comes with the sort of aggressive for guidance to say, Hey, the feds not going to do anything for quite a bit of time And so they're going that will sort of peg. The short end of the yield curve and well should put a bit of a cap on the top end of where yields could go so they might go higher, But we're not expecting a massive Spike higher and we really looking in real yields, where probably the action should be for continued rally and really yield, So if you want to fade this market I had faded, really yields rally in real yields. Does that mean that they're going to go more negative? Yeah, that could go more negative about. Hello. How negative content year. Real yields go. Well, you know, I think, Henry, really lt's could there just just about 1% right now. You know, I think we could probably see 10 year real yields, you know, go another 20 to 30 basis points. Lower asleep, if if inflation expectations pick up To you know, historically where they've been Because people buy into what the Fed is saying Somewhere close to 2% you could see you know real yields 30 to 50 basis points lower in there now, so basically another way of expressing this is investors will see inflation taking up over the longer term. Yet they'll still buy bonds, even at these very low yields because they're believing in that fed backstop. What do you do? As a fixed income investor. If you're basically losing money investing in Treasuries, where do you go to hedge against this dynamic? Well, so the option and fixing on his credit and you know, we we do like credit assets because the same factor that if the Fed, not the Fed, committing to staying easy into to this sort of long term inflation averaging means that they will not be preemptive and raising rates. And if you look at the credit investor, one of the things that's really hurt you in the past is the Fed being aggressive and raising rates. So you look at 2018. You look in 2013 with Taper tantrum. You look at 2000 for All all of these all of these periods, you know, you've got the fed raising rates or threatening to raise rates, and that caused a kind of correction risk markets. So if the Fed is not going to be aggressive in sort of pre empting inflation increases that is relatively positive for credit. So you know, we still we still, you know, look for credit investments to do well, Robert keep asking this question. And I hope you give me a good answer What would lead to Y two spreads? Take what you need to say. Here right now. You know the quitting at the current time, Jonathan. The technicals are so incredibly positive you have hall has prevented all this sort of pre limit sort of. Funding has been done by corporate a very aggressive new issue counter that nuisance has dropped off. You saw companies draw their lines down. You've seen a tremendous amount of credit put in the system, so there's there's there's You know, the technicals are very, very positive right now for credit markets. I think we've already had a record August laser supply. Just checking the day. It's August 12th. I mean, we've already had a record August and we don't even two weeks into the month. Supply lakes that just hasn't rolled off in the way people thought it would come again to the summer..

Fed Tom Kean Robert Jonathan Lisa Pete Sweden Treasuries John Hard Henry
"tom kean" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

05:19 min | 2 years ago

"tom kean" Discussed on WBZ NewsRadio 1030

"The Boston Globe by Tom Kean said it's dealer of living in the city over because people pay hi condo fees to not be able to use their amenities severance has a huge surge if they want to leave and they want space and then not being as picky as they were but they have a lot of demands that they can't ask for those demands in condos the way they can and single family homes okay and I'm gonna give my opinion I've been building for thirty three years so let's set up you've been a broker for how long fifteen year but a broker for twenty okay you two together almost set up to my **** out here this call what is okay so and that's not how these me either what I'm getting here is phone call after phone call text after text Cindy my friend Cindy stumble hi Cindy this is blah blah blah I use the built I thought that that's a top what do you have what we have what we have if I had fifty homes in Brookline fifty homes in Newton they all be sold as long as they're priced normal wear entry level is middle and high and I'm getting the phone call straight across so we don't so there's a lot of inventory here maybe Patrick had a psychic feeling because me and him convinced Hailey to move into their house and I sold them a year okay they went thank you guys you guys went to the front but that's still they they decide to go the birds because other reasons not because of pandemic as I said maybe had a psychic whatever it is it's a or maybe a good children and wanted to raise the kids in the burbs of my right a lot well that was it in this city and its interesting Sam too we've talked to a lot of friends if they already had one foot out of the city because of their children they were going just put their second flaps I agree that the major push now what I am saying is they still want that suburban urban I think that's why Brookline and Newton continue to be so popular I know was for Haley and I because of the fact that we can still get to restaurants we can walk to things we still wanted what exactly so problem in the city when you come here to to Brookline you better be ready to write it I have to check okay thank you Sam for that one so he probably has its own house for a million have more the money but for right now and that's great anybody can't right now because everybody wants to buy houses right now so what you're saying is the seaport still strong and I'm saying to the seaport has been strong has been dominating the whole city of Boston in high end real estate for a while not only high end because you're right next to us you have sought the right next door and it's a bit more affordable the seaport but is it the four seasons how they doing over there this sale slow down sorry how that market yeah they haven't reopened yeah for sales okay so I thought I'd never worked on that that we're going to keep the keys get plan he's he's that really hurt out there okay you know when he he's probably looking back hindsight twenty twenty as well selling hotels and you know only having the residents that was always going to be home yeah but even with the sea port and I just always go back the one good thing about our project is we have a very diverse price point base war were not like some of the other smaller seaport development said I'm not a pass for everything was three million even if you discount it okay twenty thirty percent you don't have to for some of those people some people believe first were very divided country right now never my divided city right there are people that believe I can tell you this house this I'll give you a perfect example I'm in the middle building five pools are all my new construction sites at the last minute we're both like clothes remember I'm a custom aspect but mainly my spec builder right you hit me with a pool three days for closing I'm like I put more company more pulls in in the last three months thank god it's thirty three years to understand which part they built out in thirty three years I have maybe put in thirty three has five pools at best sure most housewives go I don't want to pool I don't white double income not house size double income let me say that back I don't want to pool I don't want you to respond the little Billy's Susie walks out the door that is not paid attention to my kid drops they don't want the liability now it's like I want a pull I want a tennis court I want a full gym dot handle dot home gym I want a body on the pre life time fitness is this house this is what they want they want everything I the clients right now that a CEO's presence of public companies they want it all I'm not gonna get these houses for another now six six months to a year this is how much people have changed right in the middle of building we did talk about a full six months ago we it's just all because now that it's stuck in the house at all by the way we could have a room in the basement for the kids set up completely just education screens this that either clients taking it to all of the levels I don't have small children right I was stuck in the house ever with small children because I had a career cycle amp you know our house concept how do you think it goes with two working parents and two others in called all going on at the same time well they have the space.

Boston Globe Tom Kean
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:09 min | 2 years ago

"tom kean" Discussed on Bloomberg Radio New York

"Of seven point oh five and that's a Bloomberg business slash coming home thank you so much Paul Sweeney and Tom Kean we welcome all of you nationwide to decidedly different weekend in New York City all of us try to figure out the path forward of this pandemic of Polly walk by Mount Sinai and she's a very very difficult there with very brief people working huge hours in the middle of pandemic Corsicans down to the path forward we spoke today to the gentleman from the Johns Hopkins University Bloomberg school of public health I should say Mr Bloomberg is the founder of Bloomberg LP this television radio operation as well and we talked to Josh well short of steam about the path forward a quick move higher on packs and there will be some degree of immunity particularly for people who experience element how much and for how long it's not known at all we just have to really capture that so I don't think there is a concern that this will be a very very differently than everything else but there's a desire to really understand the specifics before making healthy the White House are clearly getting better when do we get to where we flatten the curve I mean if you extrapolate out any given of the myriad logarithmic blind pass are we flat excluding days weeks or does it take me months to flatter curve I'm Karen deland one is going to be a high bar for places that have so much fire and particularly where there are a lot of people live together you know and and so I think the curve may look different in different places and you know the model will model one thing one way but what actually happened maybe maybe different and the models will have to accept it so I think we're learning what it's like on the other side of it because which is better than being on the front of the car but not knowing when to stop rising but is still you know a lot of uncertainty about when we'll be able to return to normal life what are the new studies you get that give us more of an indication of what drugs actually are used to and rightly so in order to combat call the nineteen yeah I got it quickly and it's not been being shown to work in different studies and may even be dangerous although the bat I quote high quality but he's really haven't been published for that and there's also a whole bunch of buddies coming out on embed video which is an anti viral drugs that have yet to come out and there will be some studies I think in a relatively short term about the effectiveness of convalescent plasma and there may be others that come out I think we're gonna get a period where there will be a lot of study coming out and you know it's important to look at different things and just the overall result but if there is in fact how big an impact at what point in the element the study being done that could be it medication that works very well early but not so well laid or vice versa it's gonna be a lot of information coming out and you know what I'm gonna be doing is looking at people who really understand violence and how to treat it the kind of interpret all the different studies that are will be around how long does it take to actually understand all of the unintended consequences of the drug and as you rightly say at what stage they should be administered early three months six months to to better understand it well you know for a particular drug depend the thirty that are available you know and how they all get looked at together but I think it's it that for many of these it'll be mine not many months of months not weeks today is but I think we will know more about what works and at one point in that court what is your sure sure students social distance I guess we've arbitrarily seven six feet or you know whatever it is what's your social distance when you're driving around I could try to steer clear from people as much as I can you know I'm I'm obviously wearing a mask of a declining counter somebody along the way headed to the grocery store or something like that but you know and I also might have a better look out onto my hand before and after being in contact with me you know the usual it yeah it's really a a challenge to kind of keep it top of mind but I think it's time to getting a little easier with the passage of every day now I think it will be for quite a while that work a little bit you know the the we're gonna have to change our routine and it might as well start now sure sure sure see from Johns Hopkins Bloomberg school of public health hugely hugely qualified and defects diseases there I just thought Paul PM there I I would go for you know like the consumer question you know how what is a social distance there's a water written this weekend Tyler Brule over monocle Paul had a great essay you know how do we do this how do we extract ourselves from a pandemic knowing they'll be risk and how do you measure that was taken it's not easy now when I think it's you know that the federal government state governments local governments are all going to weigh in on opinion said that it's also going to come down to individual sama you know when what kind of trade offer people willing to make now they both just to take New York City for example they have really taken to we have really taken to this you know quarantine aspect of it probably more so that people would have thought that's what you know Cuomo said put them pleasantly surprised about how new Yorkers have really taken to the sun martini how within New Yorkers and and everybody else around the world take to social distancing as we begin to open up and critically when the weather gets warmer time that's gonna be the real challenge yeah it really was great he says you know are we gonna have restaurants are sixty percent full I mean how do you manage that yep service Cerebus in central park self on Sunday morning sixty percent full but we worry it's out front I think that's gonna be the new normal and I think that's you know you like I think people are going to doctor just like they've adapted over the last six weeks to staying in place here and what happens when the you know with some of his round beaches and parks and things like that that is going to be the real test tell folks down the Jersey Shore that they can't go to the beach this summer exactly yeah well they were working on that this week of the young photo on the cover the New York times of I think Huntington beach Newport beach California as well Paul how bout those NFL draft ratings jacket out I mean how desperate how desperate people for sports networks whatsoever these even watch people sitting around talking on the phone so yeah it's good it's gonna be interesting so let's have it at that that raises a question is it can be NFL football in the fall well we'll see I mean we're trying to get to the other sports before that but I I think you and Kevin Sir we're right about.

Paul Sweeney Tom Kean New York City Bloomberg
Contagion of fear, uncertainty infect financial markets

Bloomberg Surveillance

10:03 min | 2 years ago

Contagion of fear, uncertainty infect financial markets

"Ask when the bond market rarely rarely fall that's how the last couple of weeks today down seven basis points and it feels like nothing on a ten year one point one two percent is your guild and phone exchange dollar strength through yesterday brutal in the phone exchange market today no different the taller stronger against pretty much everything can G. ten once again makes a promise and that's been the story of the last week or so it's a confluence of all these shocks people just looking to hide cash park it at while they get through this volatility but also all of the companies in it that are not the U. S. who have found themselves in dollars set of currency hedges I mean there's so many factors that are playing into this the result as you said yesterday two levels even matter anymore I'm not sure what they do at the moment SO you wanna pick an example take sterling technically and politically when cable drops below one twenty decent entry point but a lot of support that over the last four years since the brexit vote right now looking gay I was looking at the chart yes that you and I were talking about and I just thought I wonder the flash crash log of twenty sixteen and October actually matters here does that level actually matter in any way shape or form we went through that like an I. three Bucks up with a one fourteen handle cable two Mondays ago yeah the one thirty two handle on cable it is moved so quickly so fast yeah and and that's supposedly a developed market right we we talk about what these are trading like emerging market currencies if you take a look at true emerging market currencies take a look at the Mexican peso it is just absolutely plunged versus the dollar it's now trading twenty four more than twenty four per dollar right now and that the weak as it's ever been in history what if I send my fears such films in capital D. to decapitate the boss of all bosses and the dollar feels like the possible asset classes and like it we think it's how you need to do the proper thing to do the African on this product I like S. Tom Kean comes back well I think he may want to kind of come back what you've told him he wasn't allowed to come back until at last come back next week but I think I'm gonna tell him he has to stay home and do it from his apartment but maybe we'll still hear you speak Italian and maybe or maybe not let's forget Jordan righteous they shall enumerate G. ten FX strategist used to be a neighbor of mine a long long time ago really don't try to catch up these through these things you said to me last week when I change the link and I was like okay Jordan when I take that sounds punchy we went through that like it was nothing the rating was John I mean could sell things fast enough we've we've sold two weeks ago three weeks ago we sold again yesterday and it fell to an office and within ten minutes it was pretty pretty often our clients and the question keeping will make its stock and will make a stop or wait pulled down the virus the incomes of the stunning Pacific angle it's when we get to a level whereas the flows stop comes what islands in the U. K. is actually built seventy years of leverage years of external vulnerabilities that its current account that say you know that balance of U. K. economic trade flows financial Clayton circle from government spending it's been a deficit anywhere between three to six percent of GDP not yet so that builds up and builds and builds up and you got all this external imbalances sensually coming out and and you got U. K. corporate meeting dollars you've got a lot of external investors needing back cash so that selling on the U. K. well and so we ask the question I mean I said one eighteen G. last week because that would be easy answer one other question if it's bigger level where is that where the current account goes into problems when the market will calm down and from all of our not to the point across the street as well as you will recall their fundamental equity in exchange right at the level and the current account goes into a pond and you stop having those that deficit problems you get level such as one to one eight five against the dollar against the euro at five one three one six of the novels so these are pretty scary levels we haven't seen those levels ninety eight people that's all that would be extremely strong for the plaza accord but given what's going on in markets this is a very completely different shock complied two thousand eight we just have to keep our minds open and like you said you said white in a few weeks ago I'm not a big deal while we're now looking at one o'clock the one I five hundred another mistake why keep making increasingly is drawing the line back to fundamentals in a market like the one run right now it's for exchange isn't this for just about illiquidity and technicals and a massive massive demand for U. S. dollar yeah I mean you know one night the man will run out will be at a stage where everyone has what they need and I don't think that's why now live because you just go years of the a leveraged position building up and it's also a function of investors wanting to get cash and so even provisions are making money such as the long gold trade that was made by the old old long fixed income money traded I was making money what happened is asset managers are having them vested pullout it makes sense given that the risk off environment so even good trade underperforming Sir is a nightmare there's a question where where is all this money going what are people doing with these dollars since you just need it in your bank account if your if your example someone has to pay the bills this month your record you're gonna call my healthy level could make their eyes that's what you need to call and see just seeing a lot of people draw down the savings and so when we look at different economies who had very low savings right shares are high thank right shares yeah we are starting to see a class in the country hi savings ratios under a little less stress I mean everybody's on the strap of the stage the U. K. did stand out of the country that has a very low savings rate shock brexit by another part of why we've seen this price action there's a concern here that we're getting close to something akin to if not I'm certainly not a run on the banks because the banks are flush with capital and they also have the backs up of central banks but a run on markets and and and there's sort of a question about the circuit breaker you talk about the virus but in terms of the technical selling pressure that you talk about in terms of margin coals or redemptions or foreign companies with swaps how far into what sort of ironing that out our way I do very hard question to answer photo on the bank you're right much more secure in two thousand eight hello a lot of the investment banks have got to have hands to transfiguration hold one years waffle overnight funding requirements so you don't have a similar situation my soul of RBS guns bust back in the heyday of the night's coming issues such as banks on a much better place is not a rush and is that unlike a bank runs let's just say that on the second part of your question I think it does boil down to what will make you stop and it's taking away from the U. K. and making more specific virus if women ruled in fact the hunt for at least two weeks from the county and the lockdown one government stock loosen them so take China for example that might be our best indicator of how this might play out we have two weeks three weeks four weeks of what damages government container Natchez well sometimes you can pop in central workers and then when we get signs that the vice it contains I think that might be the might of the market South Boston because we might get a sense of how deep the pain is and then we can stop twice in recovery because like now we have almost took my V. shaped recovery short shop had been something spectacle god it's now more like usual L. shaped stories but essentially if you think about you I think we have a weak Q. two now and that's when the bank the rolling into at the end of this month will be about pricing that recovery in Q. three and Q. all they could be W. shakes his number one we could see what happens two thousand eight we have the global financial crisis and then if you'd like to order barring that the euro crisis so we could see a couple of tricky is that this is like a very very long I any other letters Justin just with now bottom savings lake that's what it feels like Jordan for many people right now and at risk of getting a few steps ahead of us out to do it once you have some icons of thinking about some of these big issues at the moment because there is a worry and we poured up repeatedly on this program the even after this health crisis fades this particular episode will Spock appeared of defaults and de leveraging this stays with us for quite a while what are people saying to you about that Jordan everyone pretty much agree with the assessment that John in terms of how this plays out we have the recovery by W. SZCZEG W. credit he felt the B. Adeline the we are failed out essentially we have governments that have been very tough it's quite some time as such in America looking a bit more socialist I'm take equity stakes comply without him being out yesterday several companies that they deem worthwhile and if it means they'll be a pair of uncertainty knowing last year thanks that I noted that already single stop nines have shown signs of being resilient buses others using telecoms and other factor I think I'm about the president a global page recent differentiation going on that but essentially what is corruption credit spreads for the next year I think because don't be a fundamental driver of equity especially and for example if there is a long and politically you have a counterparty risk and you'll be dealing with clients being with crackle pets wondering what the level of default with care on this option so could be a lot more talk about even externally devices be contained within the next two weeks outside it will still have repercussions in the months

Starbucks Shuts Stores, Apple Sees Disruptions: Virus Impact

Bloomberg Surveillance

04:28 min | 2 years ago

Starbucks Shuts Stores, Apple Sees Disruptions: Virus Impact

"It is all Stephen will this morning in Hong Kong soon as the staff out to get him vegetables in the morning and he failed yeah you couldn't get vegetables in Hong Kong he just won the anecdotal things you see your family said in a monotone I've got members of the family over in China at the moment how they going day today what they do and their large their fancy there up a skyscraper and they're protected they live work from home and is it is a hormone my son's name is hormone over there is that what we on an afterthought progeny he said there's a lot of other people here that don't get to work on the cushion apartment you know thirty four floors although the sort of lack of foot traffic is heavy says you're in trouble business of fact and I'm really struck by the fact that Starbucks is closed more than two thousand outlets in China have you do that visitor arrivals mainly to have plunged seventy nine percent during this key holidays John I want to go to your observation on United Airlines what really struck me was British air taken what time line out to March in all this morning what's different is are now beginning to see timelines involved and United it just looking at the traffic looking of the bookings incitement to scale back a fast take bookings on that you've got the lights United B. I scanned them back to Lisa's point you've got stop us closing stores you've got Toyota holding production and operations in China until February ninth these are becoming much to output damage the consumption and then also the disruption to supply chains as well apple came out with the radio and the forecast for the coming quarter a white band because when the I'm not they do not know what things look like in China and I don't think anyone does yes CEO Tim cook saying that they're working on alternative sources for the components working a mitigation plans to make up for any expected production loss as they do expect this a coronavirus fought to continue features of twelve we welcome all the global wall street's two things you need to know guess what is John you mentioned it bonds and equities to couple this morning big difference you'll to lower down by two three by several and yet to one sixty three and let's be clear the moving bombs pre dates the corona virus scare the last couple of weeks this is been going since the start of the year you'll to lower your blood when your Slocum's flatter your distance between cities intends right now is just eighteen nineteen basis points and we just take the ten year a one sixty three that's below the fed funds right I guess one but that's on the right out of the federal reserve in the meeting today that's a great point I also want to say that we're seeing is bond you'll never say I agree I say it all the time Tom Kean this you have a great point you just made a great point data could today all right well I will just say this is that the air positive under the couch got that right all right well is that I'm looking right now oil prices actually up which is also non correlated to the bond yields going lower and I think one question is if the fed cuts rate will rates will that be enough given what it would take for them to make that move would that be enough to stay in the rally in and risk assets that we're seeing is Alan Ruskin was saying or not you two are going to be leaving the good life I'll be was scarlet fu doing the fed be it is not that good it's a snooze fest the fed meeting today is a snooze fest with with no hopes of success that's a success with this new system seriously what the new ones for Michael McKee in the press conference look I think the most powerful thing the fed is done in the last twelve months is not even the cuts is the shift to the reaction function effectively telling everyone that if things get worse will be there for you and if things get better we won't cap the upside and stuff hi can again the shift in the reaction function has been really really powerful point one point two there's gonna be a lot of attention on what happens with the bam she we're gonna catch up with the Dudley formally at the New York fed a little bit later on this program in the nine o'clock cat don't miss the conversation because there is a lot of confusion over the balance sheet operation at the fed and there are a lot of people in this market the fed would say mistakenly connecting the balance sheet operation to what was saying in risk assets there's also a feeling as Muhammad Ilarion was saying yesterday that the fed is running out of ammunition that they're sort of ability to continue to boost up both asset prices as well as fat I financial conditions is losing steam at this point and I know that in Davos there are a lot of discussions about potential coordination between fiscal policy makers and politicians which really enter some harassed her just a big distinction their ability to stimulate markets I think at the moment some question given what we've seen in the last twelve months their ability to stimulate economies I think that's why this might get

Stephen Hong Kong
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:12 min | 2 years ago

"tom kean" Discussed on Bloomberg Radio New York

"Everyone Paul Sweeney and Tom Kean thank you for joining us an economics finance investment international relations a course for overall just a front center Paul you know the for the flu the virus was there and then it got a little worse and frankly it hasn't gotten a lot worse is just got a little more worse and that's enough to really move the markets it really is time I think it's just raising the concerns about the that just the recognition that we really don't know how big this could get so I it just seems the as you mention to keep getting a little bit hours on the margin and that's enough to spook markets here really a sub of smart interviews today we think our team for really blowing up the show will we will speak of Mister Bryant late in the hours will discuss Sasha could join us later but Paul what what is remarkable over a weekend to see futures at negative fifty one Dow futures negative four forty one is the correct should know but there's just a correlated shift in the market this morning there really is Tom I think again we've had you know people been looking for maybe a little bit of a pull back what would be a catalyst for a little bit of a yeah okay that will run up in the fourth quarter continuing here in January so perhaps this is simply the cattle set the market's been looking for David Wilson as a plan here no doubt to approaches I saw United Airlines down a fair amount I mean there's a Pacific ten you should to this isn't there David Wilson while there is but you could argue it's more broadly travel related we saw some of that last week as well what's different today is we're seeing financial technology stocks really take a hit you look at finance you see bank of America down three percent you see city group down two and a half percent JPMorgan chase and Wells Fargo lower by two percent of course you look what's going on the bond market yields falling not good for these banks in terms of their ability perhaps to generate interest income down the line in terms of technology companies couple there are notable apples down two percent the iPhone makers fiscal first quarter results are due after tomorrow's close analysts expect apple to deliver renewed earnings growth based on the Bloomberg survey and chipmaker advanced micro devices also has results coming out tomorrow and A. M. D. is down three and a half percent you talk about what happened last week me Intel's down two percent is the stock that rose almost fifteen percent last week and reached its highest price in September two thousand so definitely pulling back a bit the chip maker was lowered to equivalent hall from by north when securities but then you look at these travel related stocks the biggest declines probably not surprising in the companies that own casinos in the Chinese city of Macau Las Vegas sands down eight percent MGM resorts down five percent win resorts down six and a half percent talk about the airlines American all four and a half percent delta down three and a half percent United down three percent cruise line owners lower as well carnival in real Caribbean both off about four and a half percent the online travel companies are lower booking holdings down two and a half percent Expedia down four and a half percent tripadvisor down three percent and we can't forget young China the owner of KFC and Pizza Hut restaurants that stock down seven Hampshire seventeen percent very there are some winners though Abby is one of them it's up one half percent China's testing the drug makers HIV treatment alluvial this is they have a solution to this if they identify it's the appropriate one specifically it's for pneumonia caused by the corona virus that's what the test is focusing on Abby's appointed have sent out again is higher by one percent of the drug maker agreed to sell a gastrointestinal medicine to met the Nestle and a proposed three refer crows disease AstraZeneca terms weren't disclosed these things have these involved because they have a sixty three billion dollar deal to buy ammo again and the sales are designed to push things forward one more how about sprint nothing another years are up about one percent in early trading the mobile phone company and more contract customers in the third quarter than analysts expected David Wilson thank you so much Paul in the zeitgeist this morning I'm sorry I can't cite the article were read it but I'm gonna put out there anyways I was thunderstruck by is we look at cyber security in the trust of China in digital thunderstruck of a United Kingdom caught between a rock and a hard place on Wall way in a prime minister Johnson has some tough tough decisions to make giving US pressure on while way in cyber in computers and all that yeah did did did it's not like some trades three year plan out there the whole cyber issues here and now here now it's a one way trees yes while Apsley cyber security is really becoming a key issue between the US and China recently senator Rick Scott sent a letter to the U. S. securities and exchange commission talking about concerns about how communist China is requiring American businesses to turn over their encryption keys the Chinese officials are pre requisite for continue to do business there to get a sense of what the securities exchange commission thinks about that in terms of what needs to be disclosed to U. S. investors who walk my good friend Arthur Levitt former chairman of the securities exchange commission and also a board member of Bloomberg LP Arthur thanks so much for joining systems like a big deal for US companies I think it is and I think our Rick Scott really displayed great concern about what's going on in China and and the main point of his letter was that information about changes to the law in China must be disclosed immediately and that he felt that investors must know everything a business judges in communist China because all of those things are going to be shared directly with the Chinese government that is jailing its people for religious beliefs and building up their military to compete against us so what Scott is saying in effect is that the SEC must increase their efforts to protect investors against the risks associated with the issuing company's complying with communist China's new cryptography laws and what the SEC it plans to do insurers that companies who are currently doing business in communist China will disclose to investors the impact risks and status of their compliance with all of these new laws this is extraordinary Moses take somebody visible like apple could be an industrial chemical company is well do you perceive Arthur almost given all that we see in the last six months or a year the way we've always done business in China it is done yes yes I do and I think that the first priority must be to protect American business from the growing threats of communist China I agree with with Scott arm that we've got a be as transparent as possible about the threat and that means disclosing to investors the alarming reality of the risks they faced by investing in companies doing business with communist China that's the response it's interesting Arthur if we think back to Google years ago making the business decision to essentially not do business in China because they didn't want to censor the search results and so on and so forth you think we might see US companies take maybe a little more cautious stance even if the market opportunity China is so great yes I think there will be greater caution by some companies I don't think that many of them right now are going to go as far as Google but there certainly will be more caution they'll be more conversation in board rooms and I think in general days are being alerted to the dangers of investing in communist China that's a letter thank you so much is former chairman of the securities exchange commission of course Bloomberg LP board member as well futures to negative fifty five years they bounced up negative forty five or so we rolled over quietly I don't want to over play that but nevertheless a churn above daily lows negative fifty three an S. P. X. futures Dow futures negative four fifty two Paul the young we've been apart for a week and within it I saw the change media of Davos N. I C. I guess worldwide how fast all these digital's movie you are expert in this am I wrong they did the X. celebration of the digital product across all media platforms is just go go go isn't it I think it really is time it's important there's no turning back certainly and and that's simply a function of how consumers are consuming media today we're no longer sitting in front of our TV sets to have our appointment viewing so it's simply get the content you want where you want it on what device you want and so the companies have really had to pay that hard in the greatest example is you know the Walt Disney company essentially staking its future Bob Barker staking his legacy on the future of streaming which is very different from the model is really dependent upon the cable bundle love to talk about here this week as we move forward is amazing to see some of the shifts of going there year after year as to the meetings the World Economic Forum right now we shift to the news in New York City here's.

Paul Sweeney Tom Kean
Over 100 Billionaires Are Descending on Davos Next Week

Fox News Sunday

00:35 sec | 2 years ago

Over 100 Billionaires Are Descending on Davos Next Week

"At least one hundred billionaires along with many other people will be converging in Davos Switzerland over the next couple of days that's for the annual gathering of the World Economic Forum Bloomberg surveillance host Tom Kean is among those covering the event he says it's not just a big party for the rich and famous Davos is basically a plumber's convention for people in fancy suits is like the nam the music conference going on Anaheim in January every year it's where everybody gets together and you have endless meetings behind the scenes to build in re nurture

Davos Switzerland Tom Kean Davos Anaheim
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"tom kean" Discussed on Bloomberg Radio New York

"NJ IT if you look at where the NJ I. two students are going to go to a career fair there are lines of companies that want to get into the career fair and it's because they see those students as practical innovative I can tell you for a fact because we hire many and Jack graduates the students can contribute right from the get go the guy who reports to me who's in charge of all my implant development and judge the guy reports I'm in charge of all my robotics development and try to grab the contributes to development cycle they contribute to the test and we have enjoyed she graduates in manufacturing women JG graduates in quality assurance we have been J. two graduates in our computer science these students are some of our past and J. I. T. New Jersey institute of technology learn more at stories of innovation and J. I. T. dot E. D. U.. getting into the room with the world's business leaders is only half the battle that was a wild moment you also need to know what to ask bring this in terms of the price action created right now Tom Kean Jonathan ferro and everyone else who's interesting he's given this great perspective on these banks Bloomberg surveillance so you don't think they should but you think they well we do mornings at seven Easter on Bloomberg radio the Bloomberg business happened Bloomberg radio dot com Bloomberg the world is listening. and I just wanna see is lucky to have a brother. lucky came from our brother is far from easy. he's a part of me my mom's a link so well be his..

NJ Jack JG Tom Kean Jonathan ferro J. I. T. New Jersey institute Bloomberg
Bill Dudley: The Fed shouldn’t enable Donald Trump

Politics, Policy, Power and Law

06:36 min | 3 years ago

Bill Dudley: The Fed shouldn’t enable Donald Trump

"Former New York fed president bill Dudley got a chance to set the record straight today on the Bloomberg opinion column he authored contending the fed shouldn't enable Donald Trump he said in that column that the central bank should refuse to play along with an economic disaster in the making Republicans said they were outraged definitely would suggest the fed should play politics today he spoke to our Tom Kean and Jonathan Ferrell on Bloomberg surveillance we do have to reflect on off at the road around about a month ago I don't think on the quote with you since clarified and I want you to clarify once again it was the conclusion of the original that I think a lot of people's backs up and it said the following if the goal of mine a few policies to achieve the best long term economic outcome than fed officials should consider how the decisions will affect the political outcome it's twenty twenty when I got published how much push back did you get your full McCauley look I think there was a misunderstanding about what I was really trying to say what were you trying to say well the basic that main point the piece was to try to point out the fact that the president trump was trying this or have it both ways on trade he's pursuing a trade policy with China that pose risks for the economy at the same time as saying if the economy performs badly it's it's. the fed slow and my view is that the fed needs to make it very clear that the major risk to the economy is trade policy because creating uncertainty about investment and trade and supply lines and things of that sort and the fed needs to make it clear that that much your policy can only do so much about that I think the fed has made it more clear over the last few weeks I think if you look at chairman Powell's press conference he talked about trade and certainly a lot he talked about how the trade in certain is not some of the fed can easily address and that's the kind of push back that I thought was desirable I think a lot of people would be sympathetic with that view and that was the part of the pet that I think a lot of people were sympathetic with what they want with the mention of twenty twenty what is twenty twelve like I was I was trying to be provocative and what do they what they said the person to be very precise about it one could make if you accept the notion that the feds lofty goals are temps of maxim sustainable price and price stability over long term and one also accept the premise that this trade war might not be good for the the economic outlook then logic would say there's a question about should the fed take this should the fed take this into consideration at the end of the day I made very clear in the second piece that I wrote I don't think the fed should actually take this into consideration in setting policy if the fed were to do that they would become politicized and people would basically react by reducing the independence taking away the independence of the fed so you think the fed's already become politicized well it has become politicized because of the presence of tax on the fence so there's an academic piece that was good came out of the last I don't know twenty four of seventy two hours I saw it I just this morning and and they basically did a study of the effect of the present the fact the fact of the president's treats tweets on on the federal funds market and what they found was that the tweets actually were causing people to reduce their expectations about the federal funds rate so the fence already politicized in the sense that people are not sure now yeah if the fed is easing because that's the appropriate policy path or because of pressure from the trip president but that politicization. it's not coming from the fed is coming from the president but that is a really important point but also not politicize ation that pace I came from you and anyone this conversation now she's talk about in your face we came to say a former New York fed president should not comment on the current New York fed president but by mentioning twenty twenty can you appreciate how you've compromised your former colleagues and the optics around the next decision like I think that I think they're gonna behave in a a political way is there to do what they think is appropriate for the county and if I were sitting in their shoes I would do the exactly the same thing former New York fed president bill Dudley speaking today to Bloomberg's Tom Kean and Jonathan Ferrell and joining us now is Bloomberg news federal reserve reporter Chris Khandan Chris you heard Mister Dudley's explanation has he effectively put this controversy to rest high above the well it may continue to fade a bit but I think we can fairly call that a very tortured said of explanations about what bill Dudley said in what he has since claimed that he said and wrote they don't quite really match up in I think in the end it's clear that he has not made life for his former colleagues including take Powell easier he's made it more difficult well this is this really a triggered of some tough questions not only from Republicans but from Democrats absolutely and across I must say across the financial markets a lot of economists who watch the fed closely many who who used to work at the fed were fairly aghast at the initial call on it it really just invited hammering of the fed from certain corners on on Capitol Hill some folks that are going to take advantage of that and hammer the fed it it it as Jonathan very rightly pointed out in that interview the bill's own words politicized or or. give the appearance that the fed might act in a political manner when making a monetary policy decisions in may be justified in that and that's that's really it a poisonous idea for policy makers in this new study that was just published on Monday by the national bureau of economic research shows that market participants believe that the fed is under political pressure and will succumb to political pressure by the president so they think it's there that that's a very interesting study and quite frankly that surprised me I'd like to I I need to read more deeply into that but it does they claim to show a combined ten basis points off the expected fed funds futures contracts that's really I'd like to know how persistent that effect may be and we are the on the N. economics and fifteenth we do our own surveys of for instance economists these are not that's not the same body of people that are studied in that paper so they're not market participants but they are economists PhD Scott that following the fed and we asked them in several of our recent surveys over past months whether they think trump's criticisms would have any effect on monetary policy decision making and overwhelming the

New York FED Donald Trump President Trump Bill Dudley Bloomberg Seventy Two Hours
"tom kean" Discussed on WAFS Biz 1190

WAFS Biz 1190

03:01 min | 3 years ago

"tom kean" Discussed on WAFS Biz 1190

"Eleven nine Tom Kean daily we bring you inside from the best in economics finance investment information you can't afford to miss after record breaking heat Tuesday not quite as hot Wednesday the temperature still well above average partly cloudy overnight with a stray storm possible seventy seven mix of clouds and sun with afternoon storms Wednesday low nineties heat index near one hundred from the weather channel here in Atlanta I'm here just can moon live from the outlet online dot com studios in Buckhead it's seventy six degrees com broadcasting live to London on the A. B. digital radio in New York LM three up to Washington DC nineteen ninety one to force to include both one of six one to San Francisco nine sixty and around the globe the Bloomberg business center radio call this is the book daybreak thirty AM in London nine thirty two listening ours Frankfort old Brussels good morning everyone I'm a rich text and I'm Roger hearing and you're listening to Bloomberg daybreak year thirty minutes into the equity market opening we've turned negative on the stop six hundred request flat at the open an interesting because at one point in the Asian session futures were actually in positive territory went down two tenths of a percent on the stop six hundred right now if you look at industry groups so there's an even split between gainers and losers taking a look at the regional equity benchmarks let's see one hundred flat CAC forty down three tenths of a cent tax down by the same the ibex inputs he made down about five tenths of a percent I did comment earlier that maybe we would see equity markets take the queue of the bond market and it looks like that is what is happening U. S. futures also when the red nasdaq futures down three tenths of a percent S. and P. five hundred E. minis down three tenths of a percent Dow futures down by the same this after we saw the S. and P. five hundred close up one and a half percent yesterday jumping to percent at one point on positive sentiment G. to president trump delaying tariffs on some Chinese goods but we're taking a pause on that risk valley right now even though we saw a ten year yields back up yesterday the ten year treasury yield is down again with down five basis points now back below one seventy what touching a one sixty five handle a take you look across the U. S. curve you all see yields full across the curve yesterday the two's tends got to below two basis points so that was something of causing a lot of consternation in the markets in the US and we did see Pannonia but went back to fattening now and we all two basis points on that to use tents curve is it still has a recession is it still as much of a recession indicators it used to be though the ten year bund yield down a basis point speaking of recession is Jeremy flirting with it we saw that contraption for the second quarter negative sixty two on the ten year bund yield ten you get a steady doll yet on the back foot after we saw quite a big retreat in the end it yesterday it went down four tenths of percent one of six thirty five and some weakness in oil markets as well but that seems to be driven after four days of gains to the rise in US stockpiles that we saw yesterday in Russia well let's look at some of today's top store including some of course of what is pushing the markets as you said Chinese officials still planning to come to Washington.

Tom Kean ten year seventy six degrees thirty minutes four days
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:34 min | 3 years ago

"tom kean" Discussed on Bloomberg Radio New York

"Along side Tom Kean on Jonathan ferro we are live on Bloomberg radio with two hours away from the open about his the news you need to know this hour he was featured in Chicago by two tenths of one percent off the yesterday's one point three percent gain on the S. and P. five hundred meanwhile in the foreign exchange market the wind is weaker after China's central bank that its daily reference right just barely below a seven handle over in Asia three central banks across the Asia Pacific delivering surprise interest right decisions as policy makers take more aggressive action to cancer the rex around the economic outlook New Zealand India left with bigger than expected interest rate cuts while Thailand's twenty five basis point reduction was a surprise to all but two in a Bloomberg survey of economists that's the FX market in the equity market the headline from owning shares of Disney down almost four percent after running some revenue that missed analyst estimates a little bit more on that a little bit later now time symbol headlines from around the world let's say good morning to Michael by thank you very much Jonathan that gets on the sites of the recent mass shootings in Ohio and Texas are preparing for presidential visit White House officials say president Donald Trump will bring a message of national unity and healing to Dayton and el Paso today the communities are grieving for thirty one killed and dozens wounded in a weekend shootings some el Paso residents say they are not a welcoming the president this afternoon casting him as a flawed messenger democratic representative running Gaskell bar of Texas said she declined an invitation to join the president his words have incredible power you walk through all.

Ohio el Paso White House Bloomberg Tom Kean Texas representative president Dayton Donald Trump Jonathan ferro Michael analyst Disney Thailand New Zealand India Asia China
"tom kean" Discussed on 600 WREC

600 WREC

04:41 min | 3 years ago

"tom kean" Discussed on 600 WREC

"In the country I would love to be honest with you in the co host here we have Tom Kean with bill king appraisal company and Tom how do we contact you give me a call at nine OO one four eight seven six nine eight nine all right well we've got a caller on the line and we have asked some of our realtor friends and we're asking you if you have a story that you want to share of the cost about tactics and timing we want you to call in but Pat Goldstine with cry like is on the line and Pat what do you got for us today well from our own Matt here earlier we learn from the best right that is it the work on one of my clients was looking for a house we saw health wise what's that headed back to the office right the offer and I called the agent on the white you already got you can offer I said well can you hold off presenting at because we're riding at work and I did my research real quick and I said I will offer like fifteen thousand I will we really want this now that my research shows that about five thousand over was pretty much as much as I thought it could have praise one important because the listing agent is going to look at that and say you know this isn't a good enough offer because it's too hot enterprise and then you'll end up selling it for laughs so why make a really good offer and didn't ask for closing costs which help because that make money off of the offer they didn't ask for repairs because like work handy enough that I could do them and I got the hell out of all congratulations the gold standard there were two ladder I found out later that offered more and didn't get it well you know that the important thing is to have a realtor here knows how to do the research well the the rates are and not yes if you go hi that it's not gonna work that's right Jim of Patton you know I did one in harbor town and the house price it was a condo the house price sale was two seven about two seventy five and that was a list price for this property and it sold for three hundred there was no way to get the value but sometimes people willing to pay more and their way to make that work that you have to look at the whole situation how do we contact you Pat nine a one six zero six I appreciate you thank you Pat of the gold standard and realistic call in in in any other realtors and lenders if you have your story give us a call at nine oh one five three five nine seven three two well I want to start talking we're talking about tactics and timing scoring right now on your real state known your on your mortgage I've got some tactics right now that I'd like to share about mortgage in about your financing and I want to go back to the story are we shared on the air before of Wade Gretz Gretzky he was known as a world class hockey player in the reason he's known as the world class hockey player is not I mean this is what not because he was where the puck is he he would he would show up where the puck was going to be and that was the difference between Wade and some of the other hockey players he knew where that puck was going and he got ahead of it and he went there so what I would say in a nut shell is if you are going to use some very smart tactics and good timing on buying your real estate and financing on your mortgage you've got to move you've got to look at at the environment you've got to look at the market you've got to talk to a good realtor like pad or some other realtors and lenders who know what's going on in the market where you're interested in buying consult with the pros how are the pros still save you a lot of money and a lot of trouble because they already know what that market is light and you know Joe of taking over that almost given multiple offer situation like that no one's going to take an offer for the person didn't pre qualified that's right so get get ahead of it the other thing I'd like to say because when when I have people come into my office sometimes they're they have paralysis analysis is what I call you don't you can't sit in your driveway if you want to get somewhere in your car you're not going to sit in your driveway and wait for all the traffic lights to turn green before you leave your driveway that's right I don't want to go ahead.

Tom Kean
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 3 years ago

"tom kean" Discussed on Bloomberg Radio New York

"The new Brexit deal is a stunt because you will not rule out leaving the European Union without an agreement labor party leader. Jeremy Corbyn is refusing to meet may until she takes no deal off the table. After May's e you divorce deal was resoundingly rejected by parliament. She said she would talk to opposition leaders and other lawmakers in a bid to find a consensus on a new plan. Isis has claimed responsibility for a deadly explosion in Syria that killed four members of Americans to US service members and a defense contractor ended apartment of defense civilian state twenty seven of the partial government shutdown still no breakthroughs. Global news twenty four hours a day on air at a tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. Michael. Barr. This is Bloomberg Jonathan Michael Barr. Thank so much negative nine futures negative eighty two. John heroin, Tom Kean from New York London. This is Bloomberg. For the fifth time running sarcoma. Odds are you've never heard that word before for the forty people diagnosed with sarcoma everyday, it is a life changing word because this cancer awareness, advocacy, and research, the sarcoma foundation of America is bringing hope to the families whose lives have been turned upside down by cancer. They've never heard of until diagnosis please twins. The fight to find the cure for sarcoma. For more information on the work of the sarcoma foundation of.

Bloomberg Jonathan Michael Bar sarcoma Jeremy Corbyn Bloomberg America Syria European Union Twitter Brexit New York London Isis John heroin Tom Kean twenty four hours
"tom kean" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:28 min | 3 years ago

"tom kean" Discussed on Bloomberg Radio New York

"The Bloomberg interactive brokers studios. I'm Tom Kean and our beautiful London studios here Queen Victoria street by Mansion House for those, you know, London just just up against Bonk or Bank the tube stop here as well. Joining us now on the great bounce is Margie Patel. It has been harsh high yield price think on the Eighty-six down to eighty. But what a nice bounce. We've had in the first part of January Margie wasn't Howard marks calls. It a downdraft in December due back to weeks. Did you play this in a choir? High yield price up yield lower is we've seen in January. Did you play this bounce? I was really pretty quiet because any cash needs. But certainly I thought it was a great buying opportunity because it went down in a vacuum. No negative news for high yield really knee-jerk reaction to equities. So now what I mean, this is fascinating folks, we're talking to the iconic Margie Patel of wells, capital management and Margie. It seems like still a nice opportunity to get back to the relative calm of August. And september. Number is that what you see I think so because you have yields so say five and a half to seven percent average average for good quality, high-heeled defaults, still low. So even if you had a pickup in default by percents or to an unlikely event at this point, you're more than compensated in the extra yield. And I think it's really going to provide competitive return for equities some Marquis switching over to the equity side as Thomas mentioning that just investors been whipsawed coming out of that fourth quarter. And then a nice bounce here. So far in two thousand nineteen as we go into earnings. What do you think investors should be focusing on across the board here? I think the large themes what sectors? What industries are being hurt by this clear deceleration in global growth at gross here. That's the number one thing that I'm going to be looking for how about in the in the tech sector. It's been obviously, a sector that has led the markets both directions. A lot of volatility there. Do you see any value in tech sector here? Well, I do because many names have had big corrections certainly from there maybe down twenty percent. They still have secular growth, even the more cyclical sectors like semiconductors after resting for another quarter to should have a rebound in growth there virtually all cash flow machine. So I think they're pretty attractive for long-term at this discounted prices. We have right now. This is a critical issue. Then we're talking about deployment of cash continued rising dividends use of cash to buy shares. It's a little bit Margie. But it's not do you believe the corporations will behave with cash the way they have over the last fifteen years. They showed themselves to be pretty astute users. They took advantage of the record low rates to borrow have a lot of on the balance sheet flexibility to pay down lines do acquisitions buy back stock. They haven't. Wasted the money by buying back too much stock or spending on huge expansion. So I think they've been very good job husband or of their cash. Just so you know that we're getting headlines out right now for the president. We may have the audio coming up of the president's come comments rather to reporters he is heading to Nashville, Tennessee to the farm convention. The American firm bureau federation's one hundred annual convention that ought to be interesting in itself and Paul Sweeney the headlines, I see your simple, the president says the US doing very well China. The president says allegations he worked for Russia disgrace and a hoax Paula. It goes on from the storyline that we saw over the weekend. It does he has a lot of balls in the air and the markets are just trying to synthesize. What's going on? What's important, actually? And certainly. Get through the noise in murky Patel. You've had a few years, you know, five or ten looking at this. Does the president's comments does the uproar in Washington? Fold over into the confidence in the high yield space. I think it's just really background noise. Because none of the uncertainties that we see in Washington are affecting economic fundamentals and certainly not in the high yield market or helped a lot because there's been no issuance, virtually no issuance so far this year and the market is still star for high yielding papers always. I'm corrected in New York. I'm in London, folks. What do I know? But the president told Marlins and that national I got the N word. Right. You know, I got Nashville New Orleans. I got one of them. Right. Right. And he's talking about the farms, and that's obviously a big part of the economy. Yes, just wondering what you know in the high yield market one one of the sectors. That's always been obviously, a big player there and the housing sector in you know, now in a rising interest rate environment. What are you seeing coming out of some of those credits? I'm rather muted to slightly negative on there. Because I think that it's a question of affordability in the in the housing sector. We've had rates go up. We've had rakes come down a little bit. But I think that's really what's going to pinch demand rather than anything else. So I'm I'm pretty neutral on that sector. Margie within yield. What's a yield hog right now. I was sorta surprised last somebody was telling me you could comfortably. Get a four percent coupon is that true that you could pick up even for even five percent yield in your world in certainly in in high yield. That would be very very easy to do. That would be a probably a high yield bond trading on a yield to call and ears. Is is is stupid stupid season? And we did we clear out the yield hoggish -ness of the market with his uproar in December. Well, there are very attractive even say tenure areas bonds yield your magic four percent and. Five and say five and five eight so that's pretty attractive. In a world where equities are probably going to have profit Groza five to eight percent. Okay. Margie patel. Thank you so much as Wells Fargo wells capital management this morning, Paul love to speak to Margaret Patel because she synthesizes over from high yield over in dividend growth in equity markets as well. It gets us away from that endless, full, faith and credit talk. Yeah. Japan. Was there? Whether you're looking at high yield or some of these high growth equity spaces, you know, these are really stories that investors really have to pay attention to you can't just make a market call. You really have to dig down into the fundamentals. Visual. You know, the selection even though there's a lot more bonds in a given portfolio typically equity. Listen, data check comeback, Paul Sweeney and Tom Keene. Lots going on on a Monday again, the president heading for Konare Louisiana out of joint base Andrews here in a bit down negative one eighty SAP negative twenty two. Of course, we're trading right now the vix nineteen point seven four a little bit of risk on here. One eight fourteen stronger Japanese yen and other than that assured to the market with the yield two point six eight and the tenure yield as Well, Paul Sweeney in New York. I'm Tom Kean in London stay with us. This is Bloomberg. Let's go for news update. Michael barr. Thank you very much, Paul. Thank you, Tom. The normally busy terminal at Houston's main airport remains closed today by product of the partial government shutdown airport. Officials call it a staffing issue associated with the shutdown as TSA employees who aren't getting paid stayed home. The shutdown is now in its twenty fourth day US district judge has blocked the Trump administration's plan to under the ObamaCare rule that provides free contraception coverage ruling, however, only applies to the thirteen states that sue plus the district of Columbia British Prime Minister Theresa may made a last ditch attempt to win lawmakers over to her Brexit deal as the European Union's own efforts to help her fell short the refuses to put a time limit on the backstop. The key demand from the UK critical parliamentary vote on Brexit plan takes place tomorrow. Indonesia, navy divers have recovered the cockpit voice recorder of. A lion air jet that crashed into the Java sea in October killing all one hundred eighty nine people on board. Global news twenty four hours a day on Aaron at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg Michael Barr. Thank you so much Brexit, Washington. Pulse. Sweeney. None of it matters April fourteenth. They announced game of thrones returns to HBO. That is a big deal for HBO isn't a big deal for HBO announce a big deal for AT and T which owns HBO. There. We go. Be something to talk about season..

Paul Sweeney president Margaret Patel Margie Michael barr Bloomberg Tom Kean London Nashville Bloomberg interactive brokers HBO New York Washington Howard Mansion House Indonesia Thomas
Netflix plummets as subscriber growth slows

Bloomberg Surveillance

00:51 sec | 4 years ago

Netflix plummets as subscriber growth slows

"John. Farrow in New York I'm. Tom Kean in London in between us we have. Eight net flicks accounts we tried to get rid of them as. Best as we can different people keep signing up using art. Names and that's on Netflix has. Done it until yesterday the stock down over fifty dollars call a. Twelve percent. Right now Joins us from LeBron. London is we look, at. The end of net flicks, is we know, an. And I just did a two standard deviation. Chart net flicks is such. A juggernaut it's not even down to resistance it's. Amazing it's pulled back twelve percent this morning and it's still within trend his the bat been broken of net flicks is unreal. Bull market is this just a. Quick blip along the road or is there something different this time I, think what we'll have. To see is one of. The results that come out from the following quotes? Mean it's always dangerous taking one quarters Results, and then extrapolate move across. Having said that there will be some particular points of concern for people in terms of longer term story berry mind given the market cap stock Four hundred fifty million dollars you really need some punches sumptious both in terms subscribe because as, well off, because moving forwards to justify Now I think people will be particularly concerned about this the courts to subscribe Which is not great then the tweet subscriber addiction, doesn't look victory fantastic Come back to this point before it's the the the argument that, Netflix has that impacted. By the fact of a lack of new. Shows What is it suggests that they have to continually invest in very expensive very costly drama which quite frankly nobody knows whether, we'll be showed to keep that subscribe of immense and the rest of the the package Just doesn't seem good enough to watch she gets to subscribe Then some expecting out. Down the street so As I said I won't call numbers let's not put it into. A trend if this Qatif the next quarter. So I think people would be very wide so let's talk about a couple of things in the first point, you've made as the as the quarterly miss and. I want to talk. About the communication Rian we didn't just miss we miss by. A million subscribers when you miss that big typically something's gone wrong with communication both from the company towards, the street and just the general visibility internally how if they got it this wrong. In I think they they probably a. Company doing what you. Love you look at the trends that being going on both. In, terms all q on q and then year on year you'll take of you on that you'll say, since of all markets than you in previously Suddenly you become all the more productivity growth as well I think therefore full of things What extrapolate from that worn either the growth markets hasn't been is good as they expected all they've. Seen more weapons to slow down Markets both of which is obviously of a Boeing trend. They might argue that the World Cup is having, the fact in the sense that the World Cup probably was much better received competition. The many would've expected, the star, of, the tournament and. I think that will probably be the main line of defense

White House President Trump President Putin Abbie Philip Ford Motors Takata Helsinki Aclu Diego SAN Three Hundred Million Dollars Twelve Hours
Why investors should worry about plunging copper and soybean prices

Bloomberg Surveillance

03:45 min | 4 years ago

Why investors should worry about plunging copper and soybean prices

"The president pimm he exodus brussels right now is there a sigh of relief or is there a round of sort of congratulations that perhaps what has happened is going to change the way nato operates for the better others pontificate about whether it's a permanent change or whatever but there's a lot of finessing politics there always is but there's just a trump way to this how much did you think brussels was like quebec i thought unfortunately there are some real similarities to a certain extent but also i would just point out that you know if you type in president donald trump and nato and if you just look at what comes up in twenty seventeen many of those headlines could be used today yes and he frankly he made that point with an extended press conference he goes to england a big uproar about a balloon sorta like a mini blimp kind of thing at the mayors allowed to be within protests in london he will meet the us embassy staff i believe that's close him and then royal pomp and serpents circumstance that it blended blerim palace i should say the home of the marlboros so he's going to be there as well as a working lunch i believe with prime minister theresa may yes he'll be lunching and meeting the queen at windsor castle and on and you wonder if he'll do comments again before he troops off to helsinki one of the uproars is mike gallon hasn't axios this morning is he's proposing to repaint air force one and this is created the history was fascinating i have no idea that the design was from jfk and jackie and they had picked out that sort of off blue that is worldwide world known yes well we'll have to see what the president decides or indeed if they do it but i would think they're going to stick with the majority of white on the on the air the article is it's a fascinating article i'll try to get it out technical terms right having some painted white makes it easier to inspect for cracks or dense oil like that safety reasons absolutely as well hockey's hockey stick moves in the market pimm i'm looking soybeans now out over eight standard deviations another leg down yeah another like down and also dollaryen with new weakness what are you looking at well i agree and also been looking at copper prices because copper soybeans the commodities perhaps that may tell you more about what's going on china us trade relations copper also lower today well actually moving a little bit higher but i would say that's more of a rebound copper prices have consistently declined over the last twelve months now folks surveillance good news the golfing fritzy has a gulfstream this weekend pimm she's going down to i don't know somewhere in the mediterranean i can't remember so i'm i'm going like you know he's wrote a helsinki kind of thing and i get into helsinki before i believe france croatia so i guess that's good news a watch it from finland you'll be able to do that it's everywhere saturday belgium england is well sort of like i guess they play really hard in the game as well fox in new york i'm tom kean in london please stay with us this is bloomberg it's a great time of year to be outdoors fishing in a local stream splashing through a creek we almost soon these waters are safe and clean but for most streams no one knows for sure what's a problem a.

President Trump Twelve Months