18 Burst results for "Twenty-Five Bits"

"twenty five bits" Discussed on WTOP

WTOP

01:37 min | 2 years ago

"twenty five bits" Discussed on WTOP

"Thirty six bed hospital at St Elizabeths east in ward eight to open in twenty twenty four pending council approval and a two hundred and twenty five bit Howard University hospital on Georgia Avenue in ward one hopefully to be completed by twenty twenty six John Aaron WTOP news three twenty one Friday morning may first to what is normally peak season for tourism in DC has been shut down by the coronavirus but there is a strategy in place to lure visitors back one two the health emergency is final Lee over decimated is the word Elliot Ferguson used repeatedly in our interview to describe DC's tourism industry he's president and CEO of destination DC since March eleven large meetings or conventions that were supposed to be held in the district have been canceled for a loss of at least eighty six and a half million dollars and hotel occupancy in the city right now is less than ten percent but once travel restrictions ease he says they are first marketing the city to would be visitors who live a four hour drive away or closer the second phase will target areas where people can catch direct flights to the nation's capital Michelle Basch WTOP news resigned the coronavirus as well shaking up the annual national Memorial Day concerts for the first time in fact in thirty years it will not be held on the west lawn of the U. S. capitol capital concerts will instead present a special ninety minute broadcast on Sunday may twenty fourth yes Gary Sinise returns to host with Joe Mantegna who previously told WTOP I think it's our most important holiday because the one holiday that allows.

St Elizabeths Howard University hospital DC Lee president and CEO Joe Mantegna John Aaron WTOP Michelle Basch WTOP Gary Sinise
"twenty five bits" Discussed on WTOP

WTOP

03:56 min | 2 years ago

"twenty five bits" Discussed on WTOP

"Focused on health equity DC mayor Muriel Bowser and we have been long before this pandemic the agreements reached would result in a hundred and thirty six bed hospital at St Elizabeths east in ward eight to open in twenty twenty four pending council approval and a two hundred and twenty five bit Howard University hospital on Georgia Avenue in ward one hopefully to be completed by twenty twenty six John Aaron WTOP news Maryland's governor is pushing back on reports that only a few of the five hundred thousand covert nineteen test recently flown in from South Korea have been used on unspecified number of coronavirus test kits from South Korea have already been delivered to Maryland's eastern shore according to governor Larry Hogan we have a whole tree operate on eastern shore we have thousands of those fast over there now Purdue stadium in Salisbury Wicomico county health officials working to get the new testing center up and running said they didn't have specifics on how many tests were on hand and how many of those had come from South Korea Hogan speaking to Washington post live pushed back against the post own report from Wednesday that indicated view of the five hundred thousand test flown from South Korea at a cost of more than nine million dollars and actually been put to use Hogan said the test will be used as part of the mandatory screening program at all of the state's nursing homes we're doing that with those Korean test that we're just talking about Kate Ryan WTOP news experts say until there's a vaccine or a cure for covert nineteen the only way to prevent surges of new cases is to track down every person who's been exposed and persuade them to self isolate that is going to take a huge new work force we all need to be ready to participate and in case investigation contact tracing help each other out help our health departments with the Johns Hopkins Bloomberg school of public health doctor Emily Gurley says at least a hundred thousand people need to be hired and trained to do contact tracing many people are out of work right now so there I would guess a pool of applicants there and she says during times of crisis there are people who want to get involved who really want to get engaged in and do something Kristy king WTOP news there are now more than nineteen hundred new confirmed cases of corona virus in DC Maryland and Virginia over the past twenty four hours nearly nine hundred new cases in Maryland more than eight hundred eighty new cases in Virginia more than two hundred in DC since the outbreak began Maryland is now recorded more than twenty one thousand seven hundred coronavirus cases Virginia more than fifteen thousand eight hundred confirmed and in DC more than forty three hundred cases about eighteen hundred people have died in DC Maryland and Virginia businesses are finding a unique way to stay afloat right now several unique ways in fact but they're also having to focus on the future and prepare for a new normal group in Alexandria is helping with the big proposal that we made was to establish a grant program that's really focused on reopening and restarting and that's what the Alexandria economic development partnership is working on now one of the areas of interest is small business recovery Stephanie Landrum heads the group which is a public private partnership with Alexandria she says businesses need to be prepared to make investments in new technology and different physical work spaces we'll be looking at two to three million dollars for this grant program intensity thousands of applications with grants starting to go out next month the Connolly WTOP news up next the intelligence agencies explore theory put out by president trump on where the corona virus outbreak started we'll talk to WTOP national security correspondent JJ green six oh seven right now Blue Cross and blue shield companies are supporting the heroic efforts of our healthcare partners on the frontline of this unprecedented fight helping doctors and hospitals.

Muriel Bowser
"twenty five bits" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

09:02 min | 2 years ago

"twenty five bits" Discussed on TalkRadio 630 KHOW

"On DMV go ahead what's yours Tom I heard that there was a question but I didn't catch the entire question so well can you recall first of all can you renew can you go to DMV anymore or do you renew everything online well each county established as their own is going to have their own policies under these circumstances it kind of depends some there may be some counties that are open in some of the more rural areas Denver department of motor vehicles is closed until March thirty first at the earliest that's a major deal that's a major deal so how to people of they have a new car what did they do well we're in a situation like this and when we say if we have a computer outage that is a long lasting one and people are trying to get things done difficult law enforcement was notified so in this circumstance I can almost assure you the state department they're going to be more lenient our day they're going to be more lenient yes okay next thing then what about emissions more lenient to the emissions testing R. I don't know that there's been a definitive policy established about what they're going to do about car the people that need to renew their registration and required emissions test or for a new registration on an older car but the stations are open as far as I know but you have already contacted that's what I thought were now thank you very much thank you letter cherry are you going to say the same thing what is your take on DMV go ahead sherry this is the interchangeable formation on the troubleshooter show along with help where the traffic cop for help what's going on sherry it's scary but anyway Kerry was happening I'm an ounce already that that as far as the DMV that life license plate they're given an extra two months grace period thank you thank you very much for joining us tonight yeah okay great and as far as golf courses golf courses have been closed for over a week now there's no golf courses of well there are I I hate to defy that but there are some private ones that were open the country in a country club or something exactly know about that but as far as all the thirty one okay the London staff say they are close all right thank you three oh three seven one three talk you know it seems to me there are certain activities that won't endanger people golfing is one of them if you want to go out and keep your distance how can golfing hurt anyone that's the part I don't understand or walking in the park you know keep your distance of course you want the enforcement mechanism now is this for what rule provisions in the role for tri county health department now where are you reading this from state statute yeah actually good listener Dave Porter sent it to me it's right in the section on the order to stay in place order from the health department okay so that would mean any stand place water that not just that health department right well this one is T. C. H. E. D. which is tri county health department what does it say it says it's unlawful for any person who willfully violate disobey or disregard this order any person who dies may be guilty of a class one misdemeanor upon conviction may be punished by a fine up to five thousand in imprisonment up to eighteen months end in addition if you do not follow this order T. C. H. D. may seek a court order in Colorado state District Court to enforce this order in restrain you all right listen we can't have martial law and dictatorships right now I understand we need to stay safe I understand that but doggone it there are plenty of ways to stay safe without stay at home what the hell does it mean more first of all first of all people should be able to get their car go anywhere they want as long as they don't get out who cares who cares second of all you should be able to so if I want to take a drive I should be able to what do you care I'm in my car I'm not hurt anybody if I go to an open area where you can keep six foot distance there's nothing wrong with that either I so there's certain things that are just be asked now now we're just getting a little ridiculous I know it's dangerous and I'm not saying to be reckless but for god's sake you can keep it distance what if I want to go out ride by bicycle why should we die you're not supposed to but why are you okay you're not supposed to heal you sound like my mother you know I suppose why because I said so that's a and that's what the order says Michele what's happening with your student loan let's get to some consumer problems we want to help you what's going on three weeks maybe even a month ago you did a show with the gentleman that was having its assets garnished by its student loans yes and I was not notified of mine intelligence they started taking from my SSI it's compounded daily and I didn't know they could take a government benefit government the government they call that's right it is your right it is that's right I need to know that they cannot give me a pay off on it I get it within four hundred dollars and if I mail them a check of certified check whenever they tell me it has to be to the penny or there's still going to garnish me now that sounds ridiculous to me yeah but you when you talk to that gentleman about a month ago to to hand him over to an attorney I had to get out of my car and I couldn't hear the end of that the guy that we talked to about student loan collection I'm trying to think what we did with it if anyone remembers mark do you remember that call there's been so many of them by yeah now mine's been going on since June we used to have an expert that was excellent and the co shooting these down and then getting it paid off in some but why are you exempt what makes she said why wouldn't attorney even be able to help you well I was just wondering if they could help me get it to where they would accept the pay off amount as a certain dollar amount all she wants is to pay off and then she would send it to him no if all she wants was a pay off I can imagine that's an issue I they're not giving it to at thirty yeah sure that's not what I'm hearing what I'm hearing from her she wants to negotiate it down to a single pay off because I got past that because this was a student loan back in twenty twelve all you want let me get this straight then all you want is a payoff amount right so that and you can't get it right so to start compounding daily what what reason what reason do they give you for not giving you the payoff they tell me that the check had exactly hit Sam well you have to know what it is right right that is the biggest piece of garbage Michelle who told you that people it credited jester's court day they're the ones that are garnishing my SSI reddit adjusters because you even know they're legit well you know I do I don't and I do the department of education is the one that turned it over to them and so that I can confirm that much and I have to give you listed they have to give you a pay off that I know it well I don't even understand why they're not giving up have you say I want to know the pay off plus per diem they give you a payoff plus per diem so the Pappas for today the per diem is to be added for each day after that you U. S. so that specifically you tell me talk to someone who told you that they know from their attorneys and their lawyers that you are allowed and you are permitted to have a payoff amount and if they won't give it to you find out the specific name and person who will not give you a pay off and we're going to take legal action you tell that I'm not kidding now it out get it get Michelle Mattel Machon how she get back in touch with us three oh three seven one three talk seven one three eight two five five Lori you have a comment on martial law go ahead Laurie hello hold on Laurie please I'm gonna take a break I'll come back to all of you right after this now impact traffic this report is sponsored by discover we treat you like you treat you if you do have to be out and about on the highway drive please be careful out there but the highways are wide open across the mile high city at this time watch out for some construction work though at the mousetrap eastbound I. seventy on the ramp to northbound I. twenty five bit stopping go this word with roadworks taking place on that ramp to travel through there with caution but the rest of the highway drive across the mile high city freeway system is wide open.

DMV Tom I
World Economy: Get Ready for Biggest Week of 2019

Biz 1190 Overnight featuring Bloomberg Radio

06:33 min | 3 years ago

World Economy: Get Ready for Biggest Week of 2019

"Well investors are bracing for what what might be the busiest week of the year for the world economy we get rate decisions from the bank of Japan and bank of England and Brazil there's also China PMI data and U. S. non farm payrolls on Friday as well of course the prospect of the FOMC lowering rates for the first time since two thousand eight is the big one J. pal is expected to keep the world's largest economy running hot as he tries to keep the expansion going on that note let's bring in LGT capital partners executive director and global strategist Mikio quemada Mikhail it's nice to have you with use of a myself today let's start with the obvious question looking at the U. S. economic data and we did get the GDP figure on Friday showing two point one percent annualized growth on the other hand we did have PC inflation coming in worse than expected but you know two point one percent U. S. economic growth that's not too bad is a rate cut justified by the economic data in the US personally I think it is absolutely justified and I would actually vouch for zero by four fifty basis points the reason is because why growth is okay each eve even if you look at the nominal number it's around four percent on an annual basis that's above the ten year average so the growth is okay but inflation is below target and below expectations and as always inflation expectations are below target there's always a case for central banks to surprise on the easing side whether they will actually do it that's a different question I don't I don't think they will go for fifty we kill we put together a chart to show the strong consensus that is building behind a twenty five bit rate cut from the fed our clients to get the extra perspective this is a story a fed funds futures probability but also story of the spread between implied August rates in current levels that is closer to twenty five bits what happens after this make you what happens in the second half of the year as we get closer to September and October well I I don't want to exclude the unlikely possibility that they will do fifty basis points which would be very good I leased in my view but assuming as you suggest that they do twenty five and as is the consensus I think we will need some time for market said they the markets will probably reacted by the room or sell the fact kind of situation so that means they'll probably sell off for a while and then the markets will adopt a wait and see I can check to see if that's enough of the economy does what the companies said Billy what kind of outlooks they deliver for the rest of the year you know the earning season is still ongoing so there will be a period of questioning and you know wait and seeing for the second half if they do fifty basis points I think we'll it'll be a more bullish outlook overall still you know the album is not negative but twenty basis points is kind of like room not really convincing in my view so do you chase risk assets at this point and the reason I ask is because if you take a look at this chart for instance pull it off on the G. TV function on your Bloomberg you can see that when the fed started hiking rates that actually pushed one month treasury yields above the dividend yield on the S. and P. five hundred four eight you know a reasonable amount of time and we saw a flood of money go back into cash like assets money market funds now with the fed poised to cut you would expect that to reverse and you would expect a lot of people to go back into things like equities hi respawns things like that is that something that you would do it this juncture well you know at the end of the day such just about the contents also but what this card will do to the economy and I think you both twenty five to fifty will have a positive effect it's just that fifty basis points will give us more confidence that indeed we will have foster GDP growth going forward so I would see it in degrees happening but the simple answer is yes I think a rate cut is a good thing for for his castle scored Mikhail we come on in the area no role to an editorial for Bloomberg and it's trending with clients say here's what he had to say this is a an important bit of what he really whatever unfolds this busy week to call press are likely to persist first you've got the key data releases and policy meetings that are going to fail to lift the extra ordinary uncertainty in the global economy and then second markets will ignore the competing signals confident that central banks will continue to insulate them from the economic reality are we out of touch with economic reality make here no not at all I would say I would also not agree that the outlook is extraordinary and certain I mean it is uncertain but there's always uncertainty that the the way I look at it is if you look at the entire ten year cycle and you look at either nominal growth if you want to keep it simple in the U. S. or you look at the broader global you know purchasing manager type servi indices which quite well I show you this sort the cycles within the larger bull market that we had over the past ten years we had three slow downs this one is the third one the current one all of these slow downs were combined with extra ordinary fears that turned out to be nothing the first one was a double date in the early two thousand tends the fear that you know we would relapse into a recession very quickly after the great financial crisis never happened the second one was the China hard landing it did lead to a commodity bear market that led to a crashing many emerging markets in the mid two thousand tens but that's hard landing in China never happened either and now we have the third slow down this time this story is the Cold War I their story the trade war with some connotations of a Cold War and the question is will it ever happen in as bad as away as some imagined and I don't think so I think the economy is the answer to everything the economy is weakening but it's not disasters you have chip makers a dominant chip maker in Taiwan I'm sorry I'm in Asia just a few days ago actually giving a pretty bullish outlook in my view about their what they think is going to happen to cap ex despite the trade war and everything and of course they have exposure to all the board markets so I don't think we have extra ordinary the uncertain outlook sometimes we have some uncertainty but we also have central banks are doing the right thing make sure the economy supplied with money

Bank Of Japan One Percent Ten Year Twenty Five Bits Twenty Five Bit Four Percent One Month Ten Years One J
"twenty five bits" Discussed on Double Toasted

Double Toasted

03:56 min | 3 years ago

"twenty five bits" Discussed on Double Toasted

"Happening here. Were you coy you and Chris Fun Filming a porno in a hotel room except he's not here yet. He's on skype but I'm here. You know where I cam is in a hotel room in Anaheim California. I'm here for bid kind so I brought all the equipment here Corey Colon by the way Chris Herman over here Crisp Juicy Hermit how you doing. I'm doing really well man. I'm stuck in my juice box right. Now I know and just in you know what even though you stuck in that juice box the juice is still pouring through the screen man. All Moist over here has been doing good to have you here yet. BITCON is going on in our youtube partner partner which I'm talking about on on this violation on that but are you to partner brought us out here for BITCON and so I've been doing that we would. We would have done a show on Thursday but I did not get all this stuff hooked up and ready to go. I got different equipment here. It's been a whole ordeal trying to get all this stuff to work in. This man over here has been so patient. Thank you so much no problem man. I know we were going to try to do on Thursday and everything also yesterday yeah. No glad you got everything figured out as funny yeah yeah and this man is so patient anytime you do this anybody they would have lost it by. This would've said to hell with you. Man Only WanNa work with you anymore but he was actually very patient and I wanNA thank somebody out there. SOLAAR solar sullen sucks who does a lot of stuff for me. I think that's his last name is so hard sucks though it is I I did not say that says sullen sucks no no yes sola helped me out all this stuff and he just sucks man. I hate this fucking guy but he helped get those you know yep get all this stuff together. He's a friend we made out here in California I see him every time I come out here gives us route to the airport helped us out with our equipment right hear anything else that we might need and of course he came through force and we couldn't get things figured out here. Oh thank you Mr Bloopers for the hundred bits right there and man I tell you we earn these bits because I am I've been I've been working hard hit. Bitcon man let people know been working very hard been drinking everyday man free food all around you know just been having to you know when they offer it. You have to take it and it's just true yeah. <hes> is just it's hard man is. I'm so full. I'm still hung over head. You know fun can be so exhausting because there's too much sometimes which was that sometimes you just gotTa do it. Yes sometimes you a nickel. Does your thank you for the one hundred bids but I'm telling you man you know so I I'm I've had the burden of responsibility of taking so much fun at to take a break from it and now <hes> Sidna p having a terrible time with you guys so how are you good to see you here and today on the show first of all let me go over here and take a look at the people that I hear you know. We're doing this little earlier than usual so I don't expect a whole lot people to be watching <hes> because I didn't know when we would actually have this up and when we be going I even though he'd be do we we'd be doing this at all but for those people who are here WanNa thank you very much for watching and we got some folks over here medieval duckie Mr Bloopers gave us those bits clever little vixen how are you. I'm a REXES AW Nikki contest. Oh my God clever little vixen. Thank you for the twenty-five bits right there. WanNa thank everybody who's here right now. Black Snow want to welcome you here to and today on the show. Oh got a lot of things to talk about now. I want you guys excuse me I've got a lot of stuff to do my hands right now. I don't have a mic stand and I said good thinking NASA does the market is no. I'm not doing whatever nasty suspended thinking about Chris..

WanNa BITCON Chris Herman partner Anaheim Corey Colon California NASA Mr Bloopers youtube twenty-five bits hundred bits
"twenty five bits" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:25 min | 3 years ago

"twenty five bits" Discussed on Bloomberg Radio New York

"Two days Wednesday and Thursday crude oil in New York had been higher earlier this after Iran threatened to retaliate over a cease to crude tanker right now though proved giving back a little bit in the electronic session we're trading fifty seven sixty you're caught up on markets let's get back to Bloomberg businessweek you're listening to Bloomberg businessweek with Carol Messer and Jason Kelly on Bloomberg radio let's check in with the business week economics team now Kathleen Hays global economics and policy editor for Bloomberg and correct it on a chief US economist for Bloomberg economics both here with us in our Bloomberg interactive brokers studio hi team hello why was it Monday day after a holiday yeah really excited to have you here in the studio so what's going on in the forever yeah let's stop with red bulls all around echo anyway yes the bond market is interesting day I think I I just think it again it's became off of a long week an exciting Friday or long holiday week I should save the the jobs report what does it mean for the fed and then in the initial reaction is oh my gosh they're not gonna cut fifty basis points when will they cut it cetera and I think as stocks pull back today you see we just because he the police along and trading off that a bit because the ten years flout the thirty years of about a half a point stocks aren't usually down but they're definitely down across the board and you know we can it now mental J. Pulgas a strong signals on Wednesday we hope when he starts his two day semi annual testimony to Congress on the economy and monetary policy I think you I'm reading a lot of stories today the second thinking okay sell bonds first and then say now wait a minute the main reason the fed is going to still cut rates well there's two or three of them and one is the yield curve is still flat bloomer economics has been stressing out number two you still see signs that this global that the trade war is heard in the global economy and this news from B. A. S. F. right the yeah you know the world's biggest chemical maker saying that their earnings before interest taxes and special items lose but just thirty percent lower this year than in twenty eighteen mainly due to trade conflicts that's just one specific company but right I think that sends a significant number to the ECB to the fed that is they're not just looking at their own economies what's happening there looking at these global forces and that's a big reason for for them to say go along with jumbled from St Louis fed insurance cuts working on where you guys because I was thinking us stronger labor for Carl's kind of insane right well this is that the certainly the jobs report confirms that what we saw in may was just noise wasn't the beginning of a meaningful retrenchment among hiring managers as they face a crisis of confidence so may was the fluke exactly may was a fluke and the fact that everything out rebounded so swiftly in the June in fact the payroll number was above even the high end of the forecast range of all of the economist is submitted forecaster Bloomberg so what this tells us that the economy some pretty sound footing absolutely were rob moderating from where we were last year so we don't ship from three percent down to something in the low two percent territory but we're not falling off a cliff that was a signal from the June jobs report if we're not falling off a cliff then that means that the fed should not be racing towards the lower interest rates and by racing I mean moving in fifty basis point increments for example our view that this past Corey study member they have nine Aeros left in the quiver right right so way to go into and suddenly you you know you're really facing lead emanation some complicated math thank you economics to but they do need to save ammunition for the next economic downturn you cut enough to an inverted yield curve which looking where ten year yields are right around two percent that means probably fifty basis points of cuts maybe seventy five in total for this whole insurance round of cuts but that's going to mean they move in baby steps so twenty five bit increments does that mean they move in July well no I just want to I want to cook two steps one out because I'm I'm not sure if it's going to be July or not the G. powers just gonna lay that out very clearly in his blue prints when he speaks okay the senator from New Jersey has the floor the other senator now what I would like to add is I think it's an interesting idea that Carl his team we've been talking about that they will move one reasons move in September is because the un wind of the balance sheet will be finished by then and I'm wanting the balance sheet is on all other things being equal is tightening cutting rates is easing and if I remember my interview Westerville bill Dudley former prison York fed I think was in January of this year bill the time what was saying it was so what about the dots and how can you forecast rate cuts if that we got to that point this year and still be in wanting the balance sheet will of course you wouldn't be cutting rates and on wanting the balance sheet the same times I think there's a lot of logic for that I think the risk for the fed because it would just the gate well yeah yeah I think what order maybe a sense opposite signals now what but but more recently I think bill is argued in others that is not a policy tool ignore that balance sheet on white it's almost over its mode it's all about rate cuts but I think if you're somebody really worried about what could happen to the to the US economy in the context of the global economy and you really want to keep the expansion going which Jay Powell said over and over then it argues I would say for not waiting until September do something now send a message do something that shows the fed is determined to keep to do what it says right I think that that means the debate at the July meeting is going to be an intense one so Carl you meet you mentioned the blueprint that he's gonna so effectively lay out up on Capitol Hill what is going to be the tone when he sits before lawmakers youth while the tone is going to be that the the jobs report tell us that the economy some pretty sound footing things are slowing as I mentioned but not rolling off the cliff also what uncertainty is reduced given the the positive outcome of the G. twenty summit in Osaka until one of the reasons the fed had cited for reasons to cut I have actually diminished since he last spoken so that would augur for waiting longer but then again just to get the political pressure off of his back in the Twitter pressure off of his back that maybe they will just go in July and you know I I I it in my heart of hearts I think that they'll try to string the markets along to September so you say yes it's coming but it's not coming in July for this technical reason which Kathleen laid out that being said if they want to go in July they can go in July right but the issue is they don't want to fall down the slippery slope here in the us to come to market feeding frenzy with market thing we won fifty in one move we want seventy five deaths by year end and you know this goes back to the errors in the quiver argument they can't just **** nilly be cutting rates they don't have as much leeway as they did during prior episodes of insurance cuts where they had literally hundreds of basis points of cuts that they could administer the to the economy of a recession did come about and let's remember that we did already get the monetary policy report summary on Friday so we know the feds bottom line it got lost I think in the shuffle the jobs report because the fed up for years waited until the day of the first testimony but in the last year or two they started releasing at the Friday before I think they wanna make sure people Congress actually read it before the fed chair goes to testify data for the second quarter suggest a moderation GDP growth despite a pickup in consumption as the contributions from net exports of inventories rivers and the impetus from business investment Wayne's further so that's that's already out there and our Bloomberg eco team sees that as a sign they're leaving clearly leaving the door open to rate cuts not saying when they're going to walk through it or how big the steps are going to be but still keeping that on the day not if it's when at this point really this is just laying out the the again the blueprints do you start in July due to start in September but then managing the market expectations that is not gonna be a huge move all right as woke up and I know nine Lee I really appreciate that get on our TVS account was a Bloomberg economics along with Kathleen Hays global economics and policy editor at Bloomberg news both in our studio indeed as his father he's going.

New York Iran Bloomberg two percent twenty five bit thirty percent three percent thirty years ten years Two days ten year two day
"twenty five bits" Discussed on KQED Radio

KQED Radio

03:39 min | 3 years ago

"twenty five bits" Discussed on KQED Radio

"Mind by he prospectors thousands of computers churning in such places as Iceland and China solving puzzles for which successful miners are rewarded with small purses up digital coins every ten minutes the give somebody twenty five pecan cryptocurrency pioneer Vernay Gupta is the CEO of material so there's a job for us to be done taking all the transactions of John the last ten minutes and making sure that they don't contradict each other and then publish in a block which contains all those transactions to the entire world so everybody can agree what the car back balances are in the bitcoin system but the job is so profitable that there's very strong competition to get the job on the one who was the fastest computer in about ten minutes walk gets the twenty five bit coin on the job over time twenty one million bid Collins will be mind and no more New York times financial reporter Nathaniel Popper author of digital gold bit coin in the inside story of the misfits and millionaires trying to reinvent money says it's part of the U. to hope you envision to protect the value of the money from incompetent corrupt or simply desperate governments this idea really harks back to the idea of the gold standard which took a lot of power away from governments to issue as much currency is they wanted big coin provided this alternative of an asset that you could hold digitally without having to have it under your mattress and that at least seem to hold the promise that it would keep its value better than the peso or whatever local currency it was that was doing going away it's an ingenious way to limit the money supply but only one approach to digital money at the moment there are well over two thousand crypto currencies from number two theory I'm too golem to zipper two hello Tinker Bell pixie coin each representing a different user need or economic ideology one constitutes about sixty percent of the world's crypto value but there are more than three hundred billion dollars worth of rival denominations nineteen of which are worth at least a billion dollars nay Honda Rula so holders of big coin often feel like they're buying into this vision of a money that is in controlled by government they can't be inflated away where no one can stop you from making payments and no one can take your wealth away from you there's a crypto currency for pretty much any field or topic you could think of there's dental quien a crypto currency for dentists there's Jesus coin there's an art project the came from someone who is a former student at MIT title coin which is about sort of cleaning your since you purchased this currency in order to absolve yourself of your sins basically we're seeing all these different ways for people to buy into a future that they believe in by becoming a holder of this coin everyone of these currencies is differentiated by its force if you have money military Ms vin a Gupta who previously coordinated the launch of fear him they take the four also if you have money they implement as code and then they shifted to the world and if people like it they buy it and if they don't ignore so which believe system choices correct when I don't know which religion is correct yes the technology is mind boggling across the board but once again like Mesopotamian temples or Tinker Bell it comes down to faith there are even schisms like the one that split the Catholic and orthodox churches in the world.

Iceland China ten minutes three hundred billion dollars billion dollars twenty five bit sixty percent
"twenty five bits" Discussed on KQED Radio

KQED Radio

04:45 min | 3 years ago

"twenty five bits" Discussed on KQED Radio

"Tokens digitally mind fight he prospectors thousands of computers churning in such places as Iceland and China solving puzzles for which successful miners are rewarded with small purses up digital coins every ten minutes the give somebody twenty five bitcoin crypto currency pioneer of an A. Gupta is the CEO of material so there's a job to be done taking all the transactions of John the last ten minutes and making sure that they don't contradict each other and then publish in a block which contains all those transactions to the entire world so everybody can agree what the car bank balances are in the bitcoin system but the job is so profitable that there's very strong competition to get the job on the one who was the fastest computer in about ten minutes block gets the twenty five bit coin on the job over time twenty one million bid Collins will be mind and no more New York times financial reporter Nathaniel Popper author of digital gold bit coin in the inside story of the misfits and millionaires trying to reinvent money says it's part of the you Toby envision to protect the value of the money from incompetent corrupt or simply desperate governments this idea really harks back to the idea of the gold standard which took a lot of power away from governments to issue as much currency is they wanted big coin provided this alternative of an asset that you could hold digitally without having to have it under your mattress and that at least seem to hold the promise that it would keep its value better than the peso or whatever local currency it was that was doing going away it's an ingenious way to limit the money supply but only one approach to digital money at the moment there are well over two thousand crypto currencies from number two theory I'm too golem to zipper too hello Tinker Bell pixie coin each representing a different user need or economic ideology one constitutes about sixty percent of the world's crypto value but there are more than three hundred billion dollars worth of rival denominations nineteen of which are worth at least a billion dollars nay Honda Rula so holders a bit coin often feel like they're buying into this vision of a money that is in controlled by government they can't be inflated away where no one can stop you from making payments and no one can take your wealth away from you there's a crypto currency for pretty much any field or topic you could think of there's dental quien a crypto currency for dentists there's Jesus Klein there's an art project the came from someone who is a former student at MIT Texel coin which is about sort of cleaning your since you purchased this currency in order to absolve yourself of your sins basically we're seeing all these different ways for people to buy into a future that they believe in by becoming a holder of this coin everyone of these currencies is differentiated bites force if you have money Metairie Ms vin a Gupta who previously coordinated the launch of a fear him they take the four also if you have money the implementers code and then they shifted to the world and if people like it they buy it and if they don't they Nora so which believe system choices correct well I don't know which religion is correct yes the technology is mind boggling across the board but once again like Mesopotamian temples or Tinker Bell it comes down to faith there are even schisms like the one that split the Catholic and orthodox churches in the world of bitcoin they're called forks like when one part of the community chose to follow a new set of protocols call bitcoin cash in another state put like why is there is a theory and the theory classic big coin evangelist Andreas Antonopoulos which for me to follow him which is the chain that matters which one will keep its value no one can tell you that because the only one that matters is the one that you choose to validate there is no objective truth there is only an herb Kohl some chapters trunks with apologies to rename a great put that in your this is not a pipe and smoke it what all the sacks all denominations all the expressions of faith have in common is the desire for something utopia inefficient monetary system free of interference middlemen and fraud which forces us to look at the dystopian other side of the bed going for one thing these currencies conceived for stability I.

Iceland China ten minutes three hundred billion dollars billion dollars twenty five bit sixty percent
"twenty five bits" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:21 min | 3 years ago

"twenty five bits" Discussed on WNYC 93.9 FM

"The data you need the truth without wasting time and money guessing what people are up to contact us today know the truth tomorrow as we've just seen the economy is the ultimate exercise in collaboration collaborators you don't necessarily choose such as mother nature Enron traders and governments can impoverish you with the stroke of a pen the Zimbabwe dollar is virtually worthless because inflation has skyrocketed hyperinflation and then this way that this year is likely to run at a staggering thirteen thousand we still have to evaluate it one hundred percent in the past two years and that has had a huge consequences in the poor neighborhoods of when a site is and then there are the rest of us all of us constant peril of being drawn reluctantly into the story we are promised privacy in many aspects of our lives but in our financial transactions as in an anxiety dream you can find yourself standing naked before the crash they always say the Massachusetts is silly Equifax in recent cyber attack in the credit reporting agency expose the personal information of one hundred and forty three million only there were private your stable convenient and not subject to the political or predatory manipulation of outsiders coin virtual currency then doesn't abide by rules of the Bangor government is in jail it's filled with controversy even if some businesses are you thank you so cool in it is the first of now a multitude of so called crypto currencies built not on gold reserves or limestone edifices but on software code the infrastructure is called the blockchain digital version of an old fashioned ledger book just as those listed entry upon entry sequentially numbered in indelible ink the blockchain is an under race will ledger of every private transaction but instead of being held by some governing central authority it is distributed peer to peer on countless computers across the world so people know bit coin as a digital currency but it's really more like a digital yep he's stone representing the community's collective memory and in another throwback the currency bitcoin Skase consists of a finite number of virtual tokens digitally mind fight he prospectors thousands of computers churning in such places as Iceland and China solving puzzles for which successful miners are rewarded with small purses up digital coins every ten minutes the give somebody twenty five bitcoin crypto currency pioneer of an A. Gupta is the CEO of material so there's a job the house to be done taking all the transactions of John the last ten minutes and making sure that they don't contradict each other and then publish in a block which contains all those transactions to the entire world so everybody can agree what the car bank balances are in the bitcoin system but the job is so profitable that there's very strong competition to get the job on the one who was the fastest computer in about ten minutes block gets the twenty five bit coin on the job.

ten minutes one hundred percent twenty five bit two years
"twenty five bits" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:21 min | 3 years ago

"twenty five bits" Discussed on Bloomberg Radio New York

"It looks like fed officials will have their work cut out for them as they begin their two day policy meeting later today. Markets will be expecting signals that they're prepared to cut rates at some point, although a move is not expected this month. However, indications of too much change could also raise the alarm. Let's bring in Rainer, Michael Price. He's executive director of client investments over tours wealth advisors so nice to see this morning. Michael, let me start with a hypothetical as we've been discussing market seemed to be pricing and just a twenty percent chance of a cut tomorrow. But let's say the fed did unveil cut early. How do you think stocks would react to that? Because on the one hand, of course they're getting easier monetary policy from the fed. But surely, the fact that fed the fed see something on the horizon, that suggests this easy monetary policy is necessary surely that should be a concern to equity investors. Most, if you remember last year, two thousand eighteen ninety five percent of all asset classes, had negative fraternities, especially the full of last year was very, very pool for for equities, and then the pet fitted lifted everything. And then the supe- today, this roughly fifteen percent, predominantly two largest and on, onto hopes the hoped-for sort of outcome of the US trade war, tensions, or at least reduction in those tensions. And Secondly, that the fed might actually pivot, or potentially cut rate. So I would actually think that if they move on rates, we could actually see potential the proverbial by the room of sell the news event, because I think the marketing, and he might have realized that the interest rate cycle has peaked. And there's no potentially turning into a digitally. Historically in easing cycle has actually been negative for risk S's. Like, let's get some additional perspective here because we'll have another area and wrote that the to'real and here's a key, quote from that piece. He writes set the first cut will probably not take place this week, but rotter at the next FOMC meeting scheduled for July thirty thirty one is likely to twenty-five bit production as part of an open ended cycle of rate, cutting with a smaller probability of a fifty Bip one and done approach. Can you subscribe to them? Look, I most probably that's rather sensible of potentially could be could be what is happening is if you think about it, look at what you really want to cut rates when the stock market is on alternate record high. If it is about a preemptive move. Does this mean that the economy is much weaker than Wall Street is officially forecasting or pricing? Look, again, the preemptive move might actually scoop the markets more than being on hold this time. And then again in line was slowdown or potentially risk for further use of US tweet for esscalation us, lower rates to basically offset some of that those headwinds the especially if the terrorists could or should come into play than most probably this would be meaningful to offset richly economic weakness because of higher terrorist. So, yes, most probably July's increasing the high probability. So Michael L area, and has historically been quite critical central banks. And in his column this morning, he sort of takes up the notion that they've failed to boost inflation higher, especially the fed, and in fact, if you take a look at this particular chart you can see that real yields inflation adjusted yields on the ten year have been dropping like a stone recently, especially when compared to nominal yields. Why do you think that is an is going to be reason to give the Federal Reserve? Pause. When it comes to the confidence that they need to be able to affect inflation, or even inflation, expectations at this point. Moved. It reminds me of this. Proverbial extended pretend central banks have been at this game for a long time and originally, the idea was that it would be temporary. I mean ten years into the crisis or the recovery rather, you. You cannot call for the stimulus and just basically more curious temporary. But as oppose the real question my mind comes down to what we mean by inflation, if consumer price inflation. Yes, most disappointed. But if you look at the surprise inflation, maybe we have too much asset price inflation, whether it is a lot of companies listing appeals that are still most making more importantly as well. The proverbial story, Bloomberg reporter just few hours ago that socities be selling out and going private. If you if you look back to the Japanese bubble burst, the real top in the market woes win a Japanese life insurance company border think for three hundred fifty million dollars a Van Gogh painting. There was I think six weeks before the Nikki finally topped out inventor little twenty bear markets. These sort of things potentially indicate immediately said, we're closer to a top of the market rather than the bottom. The global head of fixed income for J P Morgan asset management. Bob, Michael, he is shifting his views on credit. Why don't we take a quick? Listen to say, I think credit will continue to do well, because they're still looking pretty good. You're still having the flow through the fiscal stimulus into corporate earnings, but the future looks pretty bleak. So I wanna start telling rallies in here say high yield through four hundred basis points. But Michael, you're going even further than that you're taking all chips off the table and putting everything in goals that, right? None of I mean, gold gold is always been sort of a conscientious the location decision. I mean, our model put full as we have around five to eight percent allocated to gold and gold for two reasons. Number one. Maintains its value over the centuries, and Secondly, especially now it's could be considered geopolitical hatch, and also a hedge against the static risk, and don't forget, we are cutting rates, as well, in the US market when to some extent the debt levels are unprecedented level. So don't forget the debt and the in the world problem has never really gone away. And gold is one way to hedge against credit risk. All right. Michael, you're staying with us to get through that as Michael pricey stays with us on the show. In fact, let's get you a preview of what's Scylla had deflation is rearing. It said in the Gulf, and policymakers may.

Federal Reserve Michael US Michael Price executive director Michael pricey FOMC Michael L Gulf Rainer Bloomberg global head of fixed income Van Gogh Nikki Bob J P Morgan
"twenty five bits" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:55 min | 3 years ago

"twenty five bits" Discussed on WAFS Biz 1190

"Herron inflation will become a problem, will they have been simply wrong in that ceases. Let's bring an end live editor Garfield Reynolds. He leads our live markets coverage. It's to see you this morning. Garfield we got to start with that CPI figure Barclays is saying that may inflation figure is soft as a feather. But of course, CPI is not necessarily the feds preferred measure for inflation. And in fact, you take a look at this chart pulled up on the GT function on your Bloomberg. If you have one, you can see that PC has actually been firming lately, verses that CPI number. So I guess my question to you is, is this going to give the fed pause? When it comes to it's expected monetary policy, Pat, is it going to potentially give cover for a rate cut. Well, trace it's very interesting question, because it's not at all clear that Powell does want cover for. A lot of analysts and investors have been saying that in fact, if there is going to be a right cut, then that's going to play off of a breakdown in the trade talks between the US and China. When you look at that shot that you showed a just then now and I've seen quite a few nights out. Also about the CBI talking about the idea that the although the pre was week. There was nothing in it to really kill off Powell's thesis, which has been out there, which is that the slowdown in inflation has been transitory and therefore, they can be patient. His patients has shaded towards the idea that right? Cuts could be needed. But I think the fed in general has been considerably listening to rush towards rate cuts than some of the child is out there who are busy processing the name. One thing is clear is that inflation expectations have dropped us the Bill and we put together another GT for that additional perspective that our clients can access GT go on the Bloomberg story of those five year break even hovering at about one point five three percents. B M O's looking for a twenty-five bit cut from the FOMC Pacific investment management is among those saying half point cut is July as possible. What do you think is likely? What I think is likely in July. I actually think this quite a decent chance of the fate is going to disappoint traders and, and, and try and hold the line. Because once they start to cut they're going to have a great deal of difficulty in not then following with a series of cuts, the difficulty is that they've already shown that they have a great deal of, of a great problem holding off when the markets is screaming to them, you need to shift, you'll you'll policy stance. As far as the break evens that you were talking about a big factor. There is what's going on with crude oil, who'd oil plays a very strong role in inflation expectations. And we saw crew just crash again. I the night and that seems something that's gonna continue. He you have your prime suspect for the idea that global demand is weakening when you have a commodity that is both extremely important for global demand. It's also being manipulated by supply curves from some of its biggest produces, and it keeps on crashing Loa that's his demand that there is weak, which is pot of what's feeding the, the global move towards easier central Bank policy, and it's also going to drive down and keep driving down those US inflation, expectations, and that's going to make it harder for the fed to avoid cutting rights. Garfield you are, of course, in Sydney, the land down under and also the land of sub one percent yield on a three-year bonds now. We also have the long end of the j gbi also trending ever lower. What are you seeing in the market? In terms of what is driving. Those bond yields further down. Well, what's driving this bond yields fo the down is that central banks are, are being driven by their own logic to, to cut rights? Yeah, the for example, we had what in even a few months ago would have been regarded as a fairly decent result in job site. That came out jobs rose more than expected. And there was some upward revisions, but the unemployment rate stayed stubbornly at five point two percent, which is also still a fairly good level. However, the Reserve Bank has made it clear that they think that unemployment can go significantly low from here and that they will be willing to use the only real tool they have for the moment interest rate cuts to take this. So we've got a better than sixty percent chance of a right, cut next month and in Japan, the, the, the way that everybody's moving towards talking about right cuts. That's got people bidding on. Cuts in Japan. Even though the rights there are negative and that's because if they don't move to do that. The gain is going to rise to, and that's not what the Bank of Japan, once the CD, be quite happy with the yen staying at least somewhat close to one hundred ten per dollar. So as everything else moves down, and the yen rights starts to go the bee Jay's is forced into into action. Yeah. Rate cuts everywhere. It seems like all right. And live editor Garfield Reynolds in Sydney, for us. Thank you so much. Now still ahead. The latest on the situation in Hong Kong as lawmakers.

Garfield Reynolds fed Bloomberg editor US Sydney Powell Japan Barclays Bank of Japan CBI FOMC Hong Kong Pat Reserve Bank
"twenty five bits" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:55 min | 3 years ago

"twenty five bits" Discussed on WAFS Biz 1190

"Inflation will become the problem will they have been simply wrong in the ceases. Let's bring an mlive editor Garfield Reynolds. He leads our live markets coverage. It's cooked to see you this morning. Garfield we got to start with that CPI figure Barclays is saying that may inflation figure is soft as a feather. But of course, CPI is not necessarily the feds preferred measure for inflation. And in fact, you take a look at this chart pulled up on the GT function on your Bloomberg. If you have one, you can see that PC has actually been firming lately versus that CPI number. So I guess my question to you is, is this going to give the fed pause? When it comes to it's expected monetary policy path. Is it going to potentially give cover for a rate cut? Well trae says a very interesting question, because it's not at all clear that Powell does want cover for Kat. A lot of analysts and investors have been saying that in fact, if there is going to be a right cut, then that's going to play off of a further breakdown in the trade talks between the US and China. When you look at that shot that you showed just then now and I've seen quite a few nights out. Also about the CPI talking about the idea that the although the pre was week. There was nothing in it to really kill off house thesis, which has been out there, which is that the slowdown in inflation has been transitory and therefore, they can be patient. His patients has shaded towards the idea that rate cuts could be needed. But I think the fed in general has been considerably less eager to rush towards rate cuts than some of the trade is out there who are busy. One thing is clear is that inflation expectations have dropped us. We put together another GT for that additional perspective at our clients can access GT go on the Bloomberg story of those five year break even hovering at about one point five three percent. B M O's looking for a twenty-five bit cuts from the FOMC Pacific investment management is among those saying, half point cut is July as possible. What do you think is likely? What I think is likely in July. I actually think this quite a decent chance of the fate is going to disappoint traders and, and, and try and hold the line. Because once they start the Cup. They're going to have a great deal of difficulty not then following with a series of cuts, the difficulty is that they've already shown that they have a great deal of, of a great problem holding off, when the markets screaming to them, you need to shift, your your policy stance. As far as the break evens that you're talking about a big factor. There is what's going on with crude oil. Crude oil plays a very strong role in inflation expectations. And we saw crew just crash again, either night, and that seems something that's going to continue. He you have your prime suspect for the idea that global demand is weakening when you have a commodity that is both extremely important for global demand. It's also being manipulated by supply from some of its biggest produces, and yet it keeps on crashing Loa that's his demand that there is weak, which is part of, what's feeding, the, the global move towards easier central Bank policy, and it's also going to drive down and keep driving down those US inflation, expectations, and that's going to make it harder for the fed to avoid cutting rights. Garfield you are, of course, in Sydney, the land down under and also the land of sub one percent yields on three here bonds. Now, we also have the long end of the j gbi also trending ever lower. What are you seeing in the market? In terms of what is driving. Those bond yields further down. Well, what's driving this bond yields fo the down is that central banks are being driven by their own logic to, to cut rights? Yeah, the for example, we had what in even a few months ago would have been regarded as a fairly decent result in, in the job site. That came out jobs rose more than expected. And there was some upward revisions, but the unemployment rate stayed stubbornly at five point two percent, which is also still a fairly good level. However, the Reserve Bank has made it clear that they think that unemployment can go significantly lower from here, and that they will be willing to use the only real tool. They have for the moment interest rate cuts to take it there. So we've got a better than sixty percent chance of a right, cut next month and in Japan, the, the, the way that everybody's moving towards talking about right cuts. That's got people bidding on rate cuts in Japan. Even though the rights there are negative and that's because if they don't move to do that. The game is going to rise too far. And that's not what the Bank of Japan, once the CD, be quite happy with the yen staying at least somewhat close to one hundred and ten per dollar. So as everything else moves down, and the yen rate starts to go, lower the B O J's is forced into into action. Yeah. Rate cuts everywhere. It seems like all right. Mlive editor Garfield Reynolds in Sydney, for us. Thank you so much. Now still ahead. The latest on the situation in Hong Kong as lawmakers again..

Garfield Reynolds fed Bloomberg US editor Sydney Bank of Japan Barclays Japan FOMC Hong Kong trae Reserve Bank Cup Powell
"twenty five bits" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:56 min | 3 years ago

"twenty five bits" Discussed on Bloomberg Radio New York

"Herron inflation will become a problem, will they have been simply wrong in that ceases. Let's bring an end live editor Garfield Reynolds. He leads our live markets coverage. It's good to see you this morning. Garfield we got to start with that CPI figure Barclays is saying that may inflation figure is soft as a feather. But of course, CPI is not necessarily the feds preferred measure for inflation. And in fact, you take a look at this chart pulled up on the GT function on your Bloomberg. If you have one, you can see that PC has actually been firming lately versus that CPI number. So I guess my question to you is, is this point to give the fed pause? When it comes to it's expected monetary policy path. Is it going to potentially give cover for a rate cut? Well. Because it's clear that how does want Kaba for. A lot of analysts and investors have been. Saying that in fact, if there is going to be a rate cut, then that's going to play off of a further breakdown in the trade talks between the US and China. When you look at that shot that you showed just now and I've seen quite a few nights out. Also about the talking about the idea that the although the pre was week. There was nothing in it to really kill off, how thesis which has been out there, which is the slowdown in inflation has been transitory and therefore, they can be patient. He's patients has shaded towards the idea that rate cuts could be needed. But I think the fed in general has been considerably less to rush towards rate cuts than some of the busy. One thing is clear is that inflation expectations have dropped us. We put together another GT for that additional perspective at our clients can access GT go on the Bloomberg story of those five year break evens hovering at about one point five three percents. B M O's looking for a twenty-five bit cut from the FOMC Pacific investment management is among those saying half point cut is July as possible. What do you think is likely? I think is likely in July. I actually think this quite a decent chance of the fate is going to disappoint traders and, and, and try and hold the line. Because once they start the cut they're going to have a great deal of difficulty not then following with a series of cuts. The difficulty is that they've already shown that they have a great deal of, of a great problem holding off when the markets is screaming to them. You need to shift your your policy stance. As far as the break even that you're talking about a big factor. There is what's going on with crude oil, who'd oil plays a very strong role in inflation expectations. And we saw crew just crash again, either night, and that seems something that's gonna continue. He you have your prime suspect for the idea that global demand is weakening when you have a commodity that is both extremely important for global demand. It's also being manipulated by supply from some of its biggest produces keeps on crashing Loa. That's his demand that there is week, which is part of what's feeding the global move towards easier central Bank policy, and it's also going to drive down and keep driving down those US inflation, expectations, and that's gonna make it harder for the fed to avoid cutting rates. Garfield you are, of course, in Sydney, the land down under and also the land of sub one percent yields on three here bonds. Now, we also have the long end of the j g gbi also trending ever lower. What are you seeing in the market? In terms of what is driving. Those bond yields further down. Well, what's driving this bond yields further down, is that central banks are, are being driven by their own logic to, to cut writes, the for example, we had what in even a few months ago would have been regarded as a fairly decent result in jobs that came out jobs rose more than expected, and there was some upward revisions, but the unemployment rate stayed stubbornly at five point two percent, which is also still a fairly good level. However, the Reserve Bank has made it clear that they think that unemployment can go significantly lower from here, and that they will be willing to use the tool. They have for the moment interest rate cuts to take this. So we've got a better than sixty percent chance of a right next month. And in Japan, the, the way that everybody's moving towards talking about right cuts. That's people bidding on rate cuts in Japan. Even though the rights there are negative. And that's because if they don't move to do that. The gain is going to rise to, and that's not what the Bank of Japan wants the CD be quite happy with the yen staying at least somewhat close to one hundred and ten per dollar. So as everything else moves down, and the yen race starts to go, lower the B O J's is forced into into action. Yeah. Right. Cuts everywhere. It seems like all right. And live editor Garfield Reynolds in Sydney, for us. Thank you so much. Now still ahead. The latest on the situation in Hong Kong as lawmakers again,.

Garfield Reynolds US fed editor Bloomberg Japan Sydney Barclays Bank of Japan FOMC Hong Kong Reserve Bank China twenty-five bit sixty percent
"twenty five bits" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"twenty five bits" Discussed on Bloomberg Radio New York

"That I think the best thing for the economy. Central banks are going to go now at the time and ease now at the time where inflation, does not look like it's needs needs that kind of push your worry that, that could be some kind of helping bubble of in the market. Just because we have a administration over president who thinks that his performances is judged by the stock market performance. Right. Mohammed hits Terzi Alloway in Hong Kong. The fed is arguably responding to a potential slowdown in global trade, and the UAE has been one of the prime beneficiaries of global trade and also globalization in generals. I'm wondering how do you deal with that? Trade tensions story when it comes to the local UAE market. How do you position for it? Yeah. Not sure, I agree that the, the, the fed is acting because of slow trade in the world. I think it's acting because of pressures really by the president. I don't think the world needs now easing those, it's the tariffs that are the problem. It's the use of terrorists, Soza political, if you want to in order to try to push certain policies in the world, and that's usually a high-tension that's not usually a good for, for world trade. We agree. However, I think in the in particular Orion the region, we are, we are really if I may use the word hostages for the interest rates because we are completely affected the dollar, and that's not going to change in the short term and therefore today, we weren't happy with the increase of the cycle of the past. I'd say maybe like fourteen sixteen months, however, now a reduction of that kind of cycle in terms of interest rates. I mean, I think somebody will July the first one is gonna come twenty five bits and if we don't see another one maybe or two before the here. So I believe on the short term, I think maybe. The change of kind of the strategy move, interest rates would would vary between sectors. So I would say the state that will be good banks in general overall, they would be doing okay on the longer term. It could be better. Well, let's just pick up a couple of things at rate cuts,.

UAE fed president Hong Kong Soza Terzi Alloway Mohammed Orion fourteen sixteen months twenty five bits
"twenty five bits" Discussed on WAFS Biz 1190

WAFS Biz 1190

03:57 min | 3 years ago

"twenty five bits" Discussed on WAFS Biz 1190

"Two percent before the USA going on defense been struggling to get inflation up. You look at the balance sheet expansion from eight hundred billion dollars to what four point five trillion at peak in twenty fifteen now the market appears to be growing warmly towards the idea of an additional rate cut sooner rather than later. This just we can silent. Why is it so difficult to defect to get these numbers? I think a number of reasons for the for information to remain not only US interest of the word and the the number of we saw on on Friday. Below his petition, and is confidential that we are leaving the with that knowing Felicien at least on the core side that goes consumption information pricing was wasn't over at the PPI. Was I yeah. So we have a. Dining flation about the macho little quote inflation. Let's just take the coordination subject full because person can subject spent one point three percent. This is Charlie Evans and a couple of weeks ago. Made the point that he would definitely be thinking about talking about insurance by cutting rates. Do you think we're going to see more momentum about rate cuts in the United States of America, the market spicy and twenty five bits of the moment? I think they might go ahead of phantom. So his patients, my base case scenario is that the fed that wants to be out of the picture at least the four thousand in nineteen they already a lot in December. And and the first of this year. The outlook voting physician is that they don't need to characterize at least in this year. If we would prize any addition should be more for twenty twenty. So what do you think we're going to get from the fed in the coming days is it going to be a harder tone when it comes to some of the dumbest this we've seen in the past. I mean, we've got obviously the job say, no, we've got refinancing figures an announcement of the refunding announcement, and then the FOMC, of course, this week. I think the tone is going to be very similar to what the we had the last month. We're going to have some information on the amount or financing, and this is the shit by the intensity of Delvin dovish. I don't expect any change compared to previous meeting. You're buying the dip on across the euro by to your paper on your of tenure paper on on a deck. It is not a conviction coal from you. I it is up. So that they convention call the cover should steepen meet the from the current level. I consider to fifty for the ten year a pilot number democracy move in the trading range between two thirty six which is the lowest we touched a month ago and to sixty two sixty three we should remain in that in that range. Do the two year part of the curve as. And we have a father. Lurlene and especially their down the curve is very interesting in in US and US is still the only developer market where Rio rates are stayed impulsive territory. So for an investor around the world is is a market were they should they should be invested. Okay. We're gonna take a little bit deeper into the currency side of the equation rough about Tony head of debt capital markets over Gulf Investment corporation on the show. This Sunday still had his longest run thirteen years. It takes a breather. Prices full nearly full percent as President Trump claims to have cooled OPEC to.

United States fed Charlie Evans twenty twenty Delvin dovish FOMC Felicien OPEC head of debt capital markets Gulf Investment corporation America Tony President Trump Lurlene Rio developer eight hundred billion dollars twenty five bits
"twenty five bits" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:57 min | 3 years ago

"twenty five bits" Discussed on Bloomberg Radio New York

"Four the US going on defense been struggling to get inflation up. I mean, you look at the balance sheet expansion from eight hundred billion dollars to four point five trillion at peak in twenty fifteen now the market appears to be growing warmly towards the idea of an additional rate cut sooner rather than later this week consigliere, why is it so difficult for the fed to get these numbers? I think a number of reasons for the for inflation to remain low not on the US by in the rest of the world. And the the numbers of we saw on on Friday. Below his petition and these confirmation that we are living in the way that knowing Felicien at least on the core side goes consumption information price index was was over at the PPI was ISO. We have a higher inflation's. Macho were core inflation. Let's just take the corn inflation subject full because person can subject expense was one point three percent. This is what Charlie Evans in two weeks ago. Made the point that he would definitely be thinking about talking about insurance by cutting rates. Do you think we're gonna see more about rate cuts in the United States of America, the market's pricing and twenty five bits of the moment. I think the big ahead of them, so speculations my base case scenario is that the fed that wants to be out of the picture at least for two thousand nineteen. They already allowed in. December. And and the first of this year. The outlook for inflation is very benign. They don't mean to cut rates at least in this year. If we would prize any speculation should be more for twenty twenty. So what do you think we're going to get from the fed in the coming days is it going to be a harder tone when it comes to some of the dovish this we've seen in the past. I mean, we've got obviously the job Saito. We've got we financing figures an announcement of the refunding announcement, and then the FOMC, of course this week. I think the tone is going to be very similar to what we have the last month. We're going to have some information on the amount or financing, and this is the balance sheet by the terms of Delvin Dhabi. Nash. I don't expect any change compared to previous meeting Europe the date on across the curve. You're a buyer to your paper on your tenure paper on on a dip is not conviction coal from you. Absolutely convention, call the cover should steepen at from the covering level. I still consider to fifty for the ten year a number. Democracy. I'm over in the trading range between two thirty six which is the lowest we touched a month ago and to sixty to sixty three we should remain in that in that range. Do the two year part of the curve as Dave. We have a father. Lower. And especially they're down on the curve is very interesting in in US and US is the only developer market where we are rates are stayed in positive territory. So for an investor around the world is is a market where they should they should be invested. Okay. Hello. We're gonna take a little bit deeper into the currency side of the equation rough antibody Tony head of debt capital markets over at Gulf Investment corporation on the show. This Sunday had or as long as Bill run thirteen years. It takes a breather Fulton. Eighty four percent is President Trump claims to have cooled back to demand action..

United States fed Delvin Dhabi Charlie Evans twenty twenty FOMC Felicien Saito head of debt capital markets Bill Europe Nash Gulf Investment corporation President Tony Trump America Dave eight hundred billion dollars
"twenty five bits" Discussed on Invest Like the Best

Invest Like the Best

03:36 min | 3 years ago

"twenty five bits" Discussed on Invest Like the Best

"Financial advisor success podcasts as well. He was a very popular episode talking about the model and what he's built. I'm sure so so maybe level set by describing what those prevailing fees are today. And maybe where you see them going if it stays at that's at base fees or or other models. So a few things about adviser pricing models, and what we see today the classics are benchmark advisory fee is one percent that one percent. Kfi actually does still hold with sort of an asterisk the median fees. Really one percent on a one million dollar a kept. It is typically a graduated fee schedule advisors tend to have higher fees on smaller counts smaller fees on higher account. So usually actually see sort of a downward sloping line as your assets increase your fee goes down. So the low end under two hundred and fifty thousand dollar counts is actually typically more like one point three to one point five percents. And then by the time you get up to multimillion dollar accounts. It's usually about point six two point eight and then firms these days seem to be flattening at the top end to anywhere between about point two five point five percent as a fee by the time, you get up to working with five million ten million plus dollar accounts. And you know, if you're working with hundred millionaires, it's all to go. She it. So the one percent benchmark VIP still hold pretty well because advisors do have graduated fee schedules. And frankly, we tend to work with some fairly affluent folks in general when you look at sort of the the true revenue yield, which is the purest measure of. Of advisory firm fees, like just literally add up all the fees divide by all the assets rights, you implicitly taken account all the break points and graduate. If he schedules, and such you see an average revenue yield for advisory firms that sits right around seventy five basis points, and it's sort of fluctuated between bump seventy two and seventy eight basis points for ten fifteen plus years when you look at benchmarking data at it wobbles a little because the sampling near but really hasn't moved materially with a a very slight downward shifts in the past few years, which most of us who follow this data think is actually probably not fee, compression. It's just when we have graduated fee schedules. And you get basically a ten year bull market your average, speak keeps going down because all the client growth comes at the cheapest fee schedule at the top. So if that's the kind of prevailing true revenue yield for financial advisers, is that sustainable, I mean, the fact that it hasn't moved that much in fifteen years while the underlying say asset allocation has become increasingly KOMO. Commodity and a lot cheaper. You would think that that would respond at some point. Do you think it will and will the James's of the world start to win? Yes. And no, it will absolutely respond. It will not respond the way that people expect. And I've actually been writing about this pounding the table about this for basically ever since the robo advisors showed up, and it's it's only just recently starting to show up in the data itself. So here's the effect that actually happens. The presumption has been also there there's sort of two false presumptions in this idea that like advisory fees path to collapse. The first is meeting adviser fee was one percent meeting a robo advisor fee zero point two five percent all the advisers screwed because you're gonna have to come down to the robo peop-. Nobody actually knew if twenty-five bits was the right price point for robos, though, that was sort of a hypothesis that they just tested and launched a product, and you know, even profitable for the first five or ten years. That's okay. You've got venture capital money to burn through. But the trend that we've seen even in the robo space is that the average. Robo advisor fee has just gone up and up and up for the past seven years. Betterman started a fifteen to twenty five basis points, but then eventually they consolidated their fees at twenty five basis points, and they eliminated the lower price point well front started a twenty five basis points..

advisor Kfi Betterman James one percent fifty thousand dollar one million dollar twenty-five bits two five percent fifteen years five percent seven years ten years ten year
"twenty five bits" Discussed on WGN Radio

WGN Radio

08:24 min | 3 years ago

"twenty five bits" Discussed on WGN Radio

"Gotta be sought scoreboard update. For Mark Harmon one final from the top twenty five bit of an upset. Louisville winning on the road at Virginia Tech seventy to sixty four couple of games in the first half Oklahoma on top of Iowa State twenty seven twenty three and West Virginia and Texas Tech nodded up early going fourteen a piece Dave thank you Mark customize a role get your colors her chance to win it letter or official rules USA dot com slash rope sweepstakes. No purchase necessary official barbecue sauce. Northwestern athletics, Bradley serve here at the new wells fried arena. Visit us golfer deliberate. The sauce. A two point favor. Penn State two point game now favor have state six fifty to go. But the Wildcats have held the last without a Bill in the last three minutes. Back down eight can't with it. Forty seven forty five. I think. Joe showed by the fresh pillar. That's a big shot. A lot of pressure. You're under park down you need it. Going shows the ball, really nice. Got air. One dribble. The trade space shot it with a lot of confidence. Towel cells law Turner part for the Wildcats trail by two with six fifty nine left. Stevens Watkins read out there. Reeler? Red Penn State it bounced past it's of Packer Reeves looks around Gibbs to Stevens. L Senator Wheeler year cork circle hand off threat. Moving left picks up his dribble. Got up to Stephen's work at against law shot blocked by law and the rebound. Say by copied inbounds to dread shot clock down to five driving shooting and scoring for Penn. State was Wheeler. They were telling him to reset the clock forty nine. Forty five have state didn't matter. Perner took foul zone on the left. Four point. Penn. State lead law has it goes up hard drives on walking up with the left hand for Garrick part two point game forty nine forty seven part now with eleven points. The other at Penn State six five to go Stevens with pop and law, and there's a foul on Miller. Swung the ball through Cup had his hands down. That's always got the ball. Keep your hands. I use your chest note would have stepped through the double. That's ten team fouls. Here's my answer. Six minute. Mark. Investigating. The begins check in with four fouls. Two shots here for Stevens. Three for four from the free throw line. I went up good. It for fouls zone. I would not they gauge player that plays. Well with four. He can't you a whole lot of good sitting on the bench. I went coming here for lavar. Feet of free throws good. Fifty one forty seven six oh, three left four point Penn State league. Turner, says it had gains interest Rockport through the leg gives it off the law back to gay games with twenty of the shot clock walks. It out. For. What's his left part under group Turner out to law? The right. The part is they don't take up three straw rebound. I don't think that put they had minders. Lob over the top pot pie. Chart was rejected by party. Earliest redirected deterred or the other way to keep the ball away. From wheeler. Off the games five twenty four point Penn State league. Expanded dribble out from the top calls for it gets it. Top two freshman up. Turtle shot clock at eight across the law. Try to feed it apart. It's deflected out by walking. Hera in for Penn State's Watkins. Do you want football prospect? He looks the part. Is turned about five of the shot clock. Looking here. The cop with five with four free. Throw lives puts up a runner. No good out of bounds. Eight ball four fifty to go Penn State up by one forty seven. State. Read driving. What race what against two stolen back by dread? And here's real or Stevens drives law throws one up and. Fifty three forty seven. Steel and the steel right back. How big was that? There's games to all four and a half left wall right baseline, rubs Hera cutoff blobs out to part top three point lawn. Derek part back to law drives past Harris gets inside short. Jumper won't go back tie, pardon the Tertre route a copper threes that won't go had a foul or the rebound. Hold on Harold. I thought that was big law. I guess I missed that one on the good side. That walls. Put the cats of the bonus seven team fouls. Penn State second on Hera won't be at the free throw. Log with four fourteen to go. Wildcats doubt by six. Miss forest. Great shots. Go up two minutes without store. What at one here for law? Is the rip curl up. Those good. Rebounded by. Four. Oh. Off the hash. Mark Foreside took full screen of broadcast the right baseline back out to Steve now reach fakes to three. Baseline against Turner body oil. Pocket. Five stevens. He'll put up an off balance. Jumper. No, good rebound law. Three forty to go down the floor. Cats are gal by six fifty three forty seven. Three and a half remaining Turner gets it out Brooke dribble set accord. Herself a high street from part drives in jumper dole good pardons there for the rebound. Layup goodbye. Derek fifty three forty five. Big offensive rebound. By the number two offensive rebound, real fifty three forty nine. Had state breeds having Stevens traffic Rutter. No rebound law. Hera tipped it. We've his way to the basket shot was blocked by Stevens at Reeves cut away with it. Penn State plays hard don't they would know their old Ted the big ten a heck of blocked by Stevens forty to go walks with both. Scores table folded against.

Stevens Watkins Penn State Penn State league Turner Senator Wheeler Wildcats Penn Hera Mark USA Derek Mark Harmon Packer Reeves official Louisville Northwestern athletics Joe Stephen West Virginia Virginia Tech