17 Burst results for "U. K"
Biz Talk Radio
"u. k" Discussed on Biz Talk Radio
"Or not check a technologically advance. Broad. Efforts. Two. Shore up infrastructure. Infrastructure. And we have made these advantage. These advances. During or after the 9 11 attacks. 9 11, of course on Saturday. And they're saying that the technological advances that were made to shore up the infrastructure has made a huge difference in trading. Trading outages are now rare. By their indicating one of the biggest Things that traders and Wall Street is fearing. Is a cyber attacks. That will be posed. By some of the bad players on U. S markets. And there are many that are very concerned about that. Now. I am sure that if you were to talk to an SEC official, they would tell you just how advanced those systems are. They may even say it's gonna be, um Almost impossible for that to happen. I don't know. An awfully big concern as it should be. So when you think about how long ago these advances were made, Is it going to take a cyber attack? That is, uh You know, monumental for them to really do what they need to do or have they really done it? On the, uh, video. Is facing Brand new opposition over there $54 billion plan to buy a UK chip manufacturer. This started a couple months ago. Um and now the EU officials are saying that US chip makers Do not go far enough to mitigate Potential damage to rivals. The concerns come after the U. K. Competition and markets authority. Said last month that the transactions risk suffocating innovativeness. And harming competitors. This does not look good for NVIDIA, obviously. And it wouldn't be, um, surprising to see this $54 billion buy out too. Be gone or to change. I was very, very excited about this. Buy out because it diversifies..
WGN Radio
"u. k" Discussed on WGN Radio
"Bob. Thank you, Bob. There is a lot of information out there about the covert vaccine, and a lot of it is just plain false so that the GM has joined the Protect Chicago team to help share the facts about the vaccine and bust some of the rumors. One common myth. We don't know what's in these vaccines that is false. The ingredients have been published for both vaccines, and they do not contain microchips or any form of tracking device. Please stop with that nonsense. Get the fax visit. Chicago Dog governs slash covert vax. That's vaccine via ex Chicago dog gob slash covert vax. We're in this together in Chicago. Morning. Good morning. Good morning. Well, good morning, Everyone know the top 6 ft six with Bob. So, Ross on WGN Radio. By the way before we start on that Ryan all open again. They had some lanes closed earlier this morning, but that is all clear Now. All right, Here we go. 6 20 Page one. 2082 new covert 19 cases. 20 deaths the positivity rate for 200.0%. So that's a four month low. That's good. And this is good news to the number of people who received covert 19 vaccinations. Was 28 times higher than the number diagnosed with the virus. All right, continue to mask up, wash up and back up, and we'll be OK. Now Page to the Chicago teachers. Union members voted 2 to 1 in favor of a reopening deal with the Chicago public schools that happened after midnight, signaling that in person classes can resume tomorrow as planned. More than two thirds voted Yes. Third voted No, and only a simple majority was needed to pass the number of yes votes. Counts for close to 55% of the total membership. Page three numbers seen by the U. K government suggests one dose of the Fizer vaccine offers two thirds protection against the coronavirus. Early findings from the UK show that the first dose reduced the symptomatic infection risk among patients by 65% of younger adults 64% and those over 80. The numbers showed that.
NewsRadio KFBK
"u. k" Discussed on NewsRadio KFBK
"This Friday morning, along with Christina Madonna. I'm Sam Shane. For a little bit of money news. We head off now to our friends at the Bloomberg Business Desk. I'm disappointing numbers from the labor market today, January saw a job gain of only 49,000. Economists were expecting a gain of 105,000 jobs last month. Meanwhile, December was revised downward to a loss of 227,000 jobs. In January. The unemployment rate fell more than expected to 6.3%. But more people left the job market. AstraZeneca's covert 19 vaccine is just as effective against a new U. K variant of the virus as it is against the original strain. Those results come from the University of Oxford Astros partner by on Tech has also said that it's shot Made with visor appears to maintain its effectiveness against the new strain. Meanwhile, that may not be too long before a third covert 19 vaccine is available in the U. S. Johnson and Johnson has asked the FDA to clear its experimental vaccine for emergency use. Looks like Wall Street's headed for a higher open with the S and P and the NASDAQ at Record highs. GINA SERVE Eddie Bloomberg radio. I know is a 6 23. We're going to touch upon a little bit What took place in the state capital yesterday? Um, more activity with regards to the very troubled e d. D, the employment development department. You know the back story, And this is, we now have discovered that thieves have stolen up to 30 billion taxpayer dollars from that agency just still just incomprehensible mind bottling, so one of the activities that took place California lawmakers have introduced legislation to try to fix some of the problems that that troubled agency. We're about to hear from assembly member shade. Mace introduced a B 367. It would require that agency to send a clear notice two applicants if there is an issue with their application instead of cutting off their benefits, which is what happened to millions of people in California here is just a clip. Applications through e d. D R confusing at best and a nonsensical at worst. Our constituent should not be punished for a misunderstanding caused by the agency is faulty and take application process. Under current law, an applicant can have their benefits terminated if they submit an inaccurate statement. Currently, the only way that my constituents and constituents all across California are notified of this issue is through a very small box on already complicated form that, if missed locks them out of their benefits from anywhere from 5 to 23 weeks. Up to 23 weeks to be locked out of benefits. It's absolutely unacceptable when this is a lifeline for so many Californians. Okay, So here's the problem. Here is what happened in D, D D, and this is why it's such a mess, and he's trying to fix this whole thing. So they discover that Oh, my gosh. All these prisoners and people who don't live in California stealing our money, right? So what we're gonna do is we're gonna shut down the whole system. And then everybody. Even the people who are legit, got no money in unemployment. And in many cases, some of them. In fact, we just heard from a lawmaker yesterday, who said One of my constituents was living in his car right? Because he wasn't getting an unemployment check. This is a disaster. It is so they're trying to figure that out number one. They're trying to introduce legislation and they're starting their starting finally now to hold hearings there, But we're talking about $30 billion being stolen from taxpayers through one agency in California. Not a single person has been fired, and there's no deep investigation yet. I know that doesn't seem to be any accountability. None. Yeah, we have to scathing reports from the auditor's office. So great. I mean good for you for introducing legislation and starting to hold hearings, guys, But let's get serious about this. So this is causing problems not only for the agency and for the people who depend on it, but it's causing problems for the governor to. I mean, part of this whole recall effort is Reaction to the pandemic. This being part of it. Why can't we get these agencies in line and coming up in the next half hour? We're going to take a look at the trouble. Not only governor Gavin Newsom is in, but also Governor Cuomo. Um, you look at the coast the two largest states, led by both Democratic governors, who are both in trouble with their constituencies. Well, I mean, Governor Cuomo was if I'm not mistaken a few months ago, bragging about how good a job he was, he wrote a book. About his leadership. And now ls now the headlines. For Cuomo and Newsome have the last few weeks have been disastrous headlines. We're going to get into that. Have something to say on your smartphone dial.
WRKO AM680
"u. k" Discussed on WRKO AM680
"U. K. And I made friends over there. Wait a minute. Wait a minute. Loretta. What is the goldfish club? Well, the goldfish club is a very elite Little club. That they had immoral war, too, And it was created by the cow company, I believe was the name of the company and they manufactured the dinghies and the Mae West, which were the life jacket that were put into the plains. And if you survived a ditching, which is a water landing as a result, or even a crash, or, you know any kind of a water disaster. During the war as you survived. It is a result of a dinky or a Mae West, a life jacket. Then you became a member of the Goldfish club, and they had 9000 members who was limited to 9000 members. And so he had the school fish and he had the little book foot for the goldfish. So I looked it up. And I found my dear friend now over in the U. K. Art Stacy and he was the president, the Goldfish club, and I'll tell you that guy. He would do so much research for me. Well, he found out that he had ditched and it was after the war. And it was in the North Sea. Maybe 26. Wow. So it's immediately after the war like two weeks, right? But all we knew is they ditched and then I got the date. I got the ship number and then I went to this archaeology website Aircraft archaeology, and I made friends with him. And he was able to find me the actual accident report. So now I knew that ship the number the names the dates. I had the accident report from the pilot and the copilot explaining what happened, But then I thought to myself Well, just my father. World about so many things, but he never wrote anything horrific because he's writing to his mother. So every letter was written, dear Mother, Harry and Mike and Mike was his dog. Harry was his brother. And so he never said anything horrific. But if he was going to talk about something seriously, he would on Lee, right, Harry. He did not write that information to his mother. All right. We got to take a break, Loreto. We're up against the heartbreak right now. Let's take that break. And then when we come back, I.
News Radio 1190 KEX
"u. k" Discussed on News Radio 1190 KEX
"Listening to ABC News. Able. Our top story. Mork cases of the new Copa 19 variant are cropping up in Oregon 11 90 K excess, Cameron writing reports. The Oregon health authorities has a third person has tested positive for the B 117 covert 19 variant that was originally detected in the U. K officials say The latest case is a Washington County resident who traveled outside the United States during their exposure period on Saturday, the Ohh reported. The second person to test positive for the new variant is from Yamhill County with no known travel history to be 117. Strain is considered to be more contagious than previous strains of the virus. Students are starting to return to classrooms in Oregon Governor keep, Brown says That's why it's a board to get teachers vaccinated. Educators have asked to make sure that they get vaccinated. We're working hard as quickly and as efficiently as we can to make that happen. Bone says The state is making $500 billion in federal funding available to help district cover the costs. Money could be used for things like masks and sanitizing stations and covert testing. The final decision, though on whether to bring students to the classroom is up to local school district's more than 60 pets from shelters in Dallas, Texas, arrived to the organ Humane Society over the weekend. Some of the dogs and cats are available for adoption. Now the other animals will be spayed or neutered before being put up for adoption. You can see photos of the animals if you would like the Organ Humane Society's website. Organ had 16 new deaths related to covert 19 over the weekend and 1537 new cases and the covert vaccination clinic of the Clark County Fairgrounds opens tomorrow..
Newsradio 600 KOGO
"u. k" Discussed on Newsradio 600 KOGO
"So far. Listen to Mom Love being staying away. Brought to you by the center at Sierra Health Foundation. Coco's next storm watch Traffic update at 6 30 Widespread rein in the county today. The brunt of the storm is passing through this morning. Scattered showers all day long, though, could see a thunderstorms and flooding in some areas would restore morning in the mountains until 10 tonight Snow levels down to 2500 ft by tomorrow morning and we've got wind gusts of high wind warning for the coast. In the desert up to 70 Miles an hour Wind advisory inland valleys Gust 45 to 55. We have a high surf advisory as well. So if it could be kicking up weather wise in San Diego, it's kicking it up today. 54 degrees on the coast 52 in 1 33 in the mountains 54 in the desert right now downtown. Mostly cloudy and 54 degrees. Go go in two years time. 6 22 Researchers say there needs to be follow up protocols for covert patients. A Maryland hider with today's coronavirus update. Almost a third of recovered Cove in 19 patients in the U. K study ended up back in the hospital within five months and up to one and eight died of complications from the illness. Researchers found out of 47,780 people discharged from the hospital. Nearly a third were re admitted within five months and have the total 12% ended up dying. A study authors as people seem to be going home, getting long term effects and coming back to the hospital, and unfortunately many died, he says. The message is.
WNYC 93.9 FM
"u. k" Discussed on WNYC 93.9 FM
"Crew and everyone to organize. We have to have a plan. Before we get to that point where it's safe. And for the members of Radiohead and you've done so well, you're fine financially. But imagine you support the broader cruise who make the tourist possible. Crew is very much like our family because we work together since 91 92 on there, the people that keeping the whole thing going, it must be really tough for them. Really struggling Tonto. Keep going and making sure that you know when this all comes round again and we hit the road to game the system is, people are in place to start up again. Colin Greenwood of Radiohead talking there to Martha Kearney. The BBC did ask the U. K government for response, part of which was them saying, We're committed to helping bring the music sector back to full strength as soon as it's safe to do so and pointed to the government's new culture recovery fund, your listening to music This is the BBC World Service in London. You're listening to news out with James Menendez. Now Democratic leaders in the U. S. Congress say they'll deliver the articles of impeachment against former President Donald Trump to the Senate tomorrow Monday. House of Representatives voted to impeach him Friends incitement of insurrection after the capital, the home of Congress was attacked by his supporters when it's up to the Senate to conduct the trial of two thirds majority is needed to convict on the chambers. Nah split 50 50 between Democrats and Republicans, with the new vice president Kamala Harris, having the casting vote. Today. The new Senate majority leader, Chuck Schumer, told a news conference in New York that the trial shouldn't take up too much time because the administration had other priorities on its plate, including dealing with a covert relief plan. In terms of impeachment. Look, everyone wants to put this awful chapter in American history behind us, but sweeping it under the rug will not bring healing. The only way to bring healing is to actually have real accountability,.
Newsradio 700 WLW
"u. k" Discussed on Newsradio 700 WLW
"Good shape the wreck on West eighth and Freeman Clear chucking from NewsRadio 700 wlw. All right. We have some, sir Sunshine coming morning clouds, then son and all the way up to 47 degrees United States Fair, It's all the way down to 27 tomorrows Sunshine 35. Same for the most part over the weekend, and it's 35 right now. You have no idea what 35 would be like saying you just go out. It's just like that Correct 700 w well, nobody 700 wlw sports, or it means we turn to you in our time of need. Thank you, Mikey. Good morning. College basketball Last night, PJ horns lay up with 1.3. Seconds to go Send Georgia past Kentucky. 63 62. So the dogs Snap a 14 game losing streak to the cats. And U. K falls to four and nine. You hear the game winning call coming up at 7 40 rather interesting on the Georgia radio network and also from coach Cal. I bet they're in a good mood. Yes, yes, they are. NHL Columbus Blue Jackets home opener tonight against Tampa Bay at 6. 30, Fox Sports 13 60 Soccer. MLS Super drafted a A to F. C. Cincinnati with a number two overall pick. Wow. You were gonna go when they get an impact, although one although Why not? What about Harry Kane? Go for broke. Harry Kane. I'm all for Harry King. Come on, pay lay up. What about Wayne? What's a guy? He just became a manager that were Rooney. Sounds good to me. Let's go with Rooney 700 wlw. Alright.
KQED Radio
"u. k" Discussed on KQED Radio
"Game, I have go the funds go for me. Yaman scored his first goal during the holiday championship tournament this year. His team ended up winning and Yaman left the ice with a gold medal around his neck. Just one year after lacing up for the first time. For the world. I'm Bianca Hillyer. If you've ever looked at a windmill and thought, why don't they just build them bigger, bigger blaze would capture more wind right? There is a new turbine one that towers over previous models, and it's changing the world of renewable energy. That's what we're checking out in our weekly look at climate change solutions. The big fix way have come here to let you know that change is coming. Whether you like it or not. Can we turn this around? We have no adoption. The only option that we have these two sexy way do now. And in the next two years will profoundly affect the next few 1000 years. The world's Anna customer brings us to the coast of Northern Europe to learn about the newest biggest, baddest turbine on the market. Powering over Rotterdam Harbor is the most powerful wind turbines spinning in the world. It's nearly as tall as the Eiffel Tower, each blade as long as a football field, so fantastic engineering feat. Steve Wilson, overseas development of the Wind farm that will be used these turbines for the first time. They're built by G and they're called the Halley eight X. I think fresh reaction when we were presented with a lead X was that it was a real step change for the global offshore wind industry. Over the next five years. Wilson's company s s Eve renewable Zwilling installed dozens of these giant turbines in the Dogger bank Wind farm that's off the UK coast in the North Sea, there will be able to produce enough renewable energy for one in six million homes, or roughly 5% of the U. K is energy requirements. The plan is to scale up by 2030 installing enough turbines in the North Sea to power half of the U. K's energy needs G E is a bigger better wind turbines make ambitious goals like that easier to accomplish, says energy policy expert Sarah Hasting. Simon. It's exciting to me just this scale. The sheer scale of these things is sort of amazing. It's almost impossible to imagine.
77WABC Radio
"u. k" Discussed on 77WABC Radio
"Well, you know, when I look at financial propaganda, it's always about you know why you shouldn't invest now. They're always telling you all the things that go wrong. Why it's overvalued. Why? It's not a good time to invest. Well. There's a great article in the journal this week that talked about why the market recovered so rapidly and I think it really brought the mine. That you couldn't time the 35% drop in six weeks. And you certainly didn't time the recovery 103 days, So just reminds us all why being an investor is more important than anything. You're learning financial propaganda. Yeah. I mean, that was the fastest decline in recovery of all time, and you know, But if you went back to the beginning of the year, and what if I told you on January 1st that Bob in two months, we're gonna have a global pandemic. And basically, the global economy is going to be shut down. You know? What would you do with your money? If I told you that you don't write if you told me the beginning of the year? What was gonna happen in 2020? There's no way in the world I would have invested in me. I would have sold my home. I would have sold my business of the soul. My stocks. I would have sold my bonds. I'd be sitting in cash right now. Miserable. So you know you don't know how the markets ever going to react to any news. Ever think the point right when we hear all the time, boy if I just had a crystal ball, and I knew what the economy is gonna look like in six months or what was gonna happen in a year from now. You know, it doesn't give you any clarity because you know, the markets are different all the time. And the number one thing you didn't know there was gonna be a pandemic. You didn't know that the economy's gonna shut down. But when you really didn't know was how the world was gonna respond right. The central bank's flooded the market with cash. Congress acted quickly. It was incredible response we had from the government and how fast this market this economy recovered. It's really phenomenal, and I think on top of that, you know now you're at a point where it almost looks like the late nineties again. You know, we're at a point You said you talked about party like it's 1999 Bob, but it looks like that. I mean, I saw an article this week where you know if you look at things like options contracts, which are basically just a bed on the market going up or down. A better way of putting. It is just a big casino, and that's essentially what you're seeing right now is retail investors. A lot of these college kids that now have access to platforms like Robin Hood are trading options in fact, options contracts or 92% this year, and they're making bets just like they would on football, or, you know, any other thing that you would gamble on if you went to Atlantic City, or, you know, down or out to Vegas? Yeah, it's one of those unintended consequences of things that happened, right. We had a pandemic. People were stuck at home. So what do they do? Well, there's no sports the bed on. They starts betting on the stock market's away the return of the individual investor. No one saw that coming so about this kind of creates what I would call the tale of two markets right? You have growth stocks just being bid up to astronomical levels from any way you slice and dice it. You know, you have companies like Amazon now worth more than the entire French stock market. You look at Facebook. It's worth more than the entire footsie 100 all the large cap stocks that trade on that U. K Exchange And on the flip side, you have big blue chip global companies right now that are paying, you know. Fat yields 34 in some cases, 5%. Yet most of the attention right now is on big tech and the reality of it is especially if you're getting close to retirement. You need income. I think that's the whole idea. Right When you look at the stock more Good right now. You look a blue chip stocks healing 3% on average, and you have a money Market fund right now. That's basically zero. So cash is zero. You lock your money up in the 10 year Treasury bonds, right? You can lend money to the U. S government and you get 6/10 of 1% a year in return that of inflation. That's negative. So you're guaranteed to lose money lending money to your own government. You know, it looks like there's plenty of opportunity to get some good yield and appreciation and what we call value stocks, international stocks and real estate and he goes back to we talked about a lie. It's not at all or none proposition because I think a lot of us feel right now. Oh, man, I'm sitting in cash. I'm learning nothing. But if I put my money into the S and P 500, which is basically just tech stocks right now, while the prices at an all time high and I just know the day I put my money in Bab bamm, the crash is coming. Meanwhile, if you're diversified if you build a portfolio for the long term, right now, you can pick up a lot of parts of the market cheaply. But most importantly, you can build that income stream that you desperately need for retirement. It's kind of like that.
NewsRadio KFBK
"u. k" Discussed on NewsRadio KFBK
"Help change their future in a single moment. See how far your support can go it on down dot award traffic on the tens, every 10 minutes mornings and afternoons news 93.1 kfbk Way have lots of fog out there right now is you heard and will clear up in the afternoon with highs near 57 degrees tonight, patchy fog below around 38. Then tomorrow we have another chance of rain moving in with highs in the mid fifties. Currently it is 39 degrees outside in Sacramento, you won gold or to go town. Where do you live in America? Today? It's the topic of news Media Road with over Parnell. Yes, This is coming out of the U. K a daily journal, So the city and UK recently approved a livestock permit, allowing two goats to remain in the backyard of a home in Ukiah. The goats came to the attention of the city when the next door neighbor complained that the goats were smelly. And attracting flies. S O. The City Council voted instead to approve a new permitting process for residents wanting to keep the livestock on their property, wanting to keep livestock on their properties, which allowed the resident to keep the two goats in their backyard. So you need a permit for your goat and it's you guys have to go town to town. Yeah, maximum two goats in your backyard, okay? We are offering our own little $1000 to me. This package right here like it. So if you missed the key word a little bit earlier. Here's your second chance. You know when $2000 Here's how you do it, you text 202 100. And you type in the keyword which is smile s m I l e again Text 202 100 keywords. Smile s m I l E. If you get a phone call, you don't recognize the number. We think maybe you might want to pick it up on this day because it could be us. Calling you saying you just won a grand. You'll get a confirmation, text and info, standard data and message rates apply in this nationwide contest. It's a good friend, Monica Lo. We wish you all the best from those 93.1. It became looking forward to this next story. It's got some science, see. Sci fi aspect to it. Science see aspects. We're talking about blood blood. Artificial blood, right? I did a little bit of research on this. Making blood in the lab manufacturing it, they are speeding up that process dramatically for one reason. Blood donations are way way down because of the pandemic. People. Don't you know they they're not going in any where to donate. We'll tell you what the scientists are doing in three minutes. Coronavirus. You're gonna need to know as much as you can stay connected is there's gonna be a whole lot that we don't know what's coming up What you need to know. On the kfbk Afternoon news with Kitty only here on Sacramento's news 93.1 kfbk. Hey, listeners. Chances are you've heard of sales force, But if you're.
KGO 810
"u. k" Discussed on KGO 810
"Yes, because in the world apologies there two main kinds, the kinds that you react to immediately. It's kind of like Your courage on the cruise is up and you can't breathe. And that's the kind of ology we're talking about. The allergy like you gotta rush hours later, isn't hasn't really been that thing with about seems it's more these immediate allergies, and that would be Manifested in the 1st 15 minutes. So actually people, it's ideologies. They're even keeping them a little bit longer at 30 minutes for most people watching them 15 minutes, and then they've been able to sufficiently counter at the effects of the allergy with the EpiPen with epinephrine, right? Yes or yes. So nobody. Everybody has successfully recovered pretty much immediately. Once they've had the ology toe factory, and they've just been a handful of people have you been vaccinated, Peter? I actually just got it today. You didn't. How are you feeling? I'm feeling great. I'm feeling like a million bucks. I had asked the nurse. Are you sure you vaccinated me Because I knew feel anything. And this is no joke. I've got like a billion shots before and they all hurt by them. I'm always like a baby. When it comes to getting caned, Believe it or not. But today I was like, Wow, this This thing is, it feels like nothing. It really did. Maybe that's because it's so damn cold. Yeah, maybe. Just like getting Yeah, exactly like getting up to you. Yeah, because I've heard that same comment from a lot of people they had. You know, I didn't feel it. I did. There was nothing to it. So that's kind of encouraging because it's intra muscular. It's not like you know, Yeah. What do you call it? A diabetes, the diabetic shot. You know insulin where it's just a tiny little needle. That's a pretty big needle that goes into you. So that's good, right? I never look at this shot too. I always look away. Tell me Do you know the only people who look at shots Though? Our doctors I think rest of us curiosity. Yeah, we don't want to pass out. So, Peter, I want to talk a little bit about this variant because we've talked previously about mutations, and we were talking about a mutation several months ago. That was, it was not more deadly. But that seemed to be more contagious, but because they had more of those little spikes on it, so it may be able to attach to a receptor cell in your body. See, I remember all this stuff sounds like the one they're describing in the UK. It sounds like it's essentially the same thing, is it? It's essentially the same thing. But the difference between when we talked about originally pad which you astutely brought up compared to now is that that ton more people would covet. So the chances of it taking off is much higher now, so I agree. That's probably some similarities between that one, which didn't get a lot of press it folks fizzled out after the initial attentions, But this one is getting much more attention because we're in the middle of a surge. And because so many people hard R You know, infected for whatever reasons that this has taken offensive in areas and it's the same idea you make. Every two weeks of the virus is basically mutating, but some of them are More important than others. And this one makes that spy protein that stickier like the other one on it's like Velcro, so just sticks on more. Um, but it's sticking off in the U. K and, you know, I think There's some, you know, reassuring things about it, too, that don't make me concerned, including that our regular protection works against it. So, um, But E. I read today that the UK health minister is giving a new warning that there's another stars cov to strain. I never say that I always just say Cove in 19. But I guess it's SARS cov, too, yeah, that it could be more infectious than the new U. K B 117 Strain. One adviser says scientists are not fully confident that Kobe 19 vaccines will work on that new South African variant. Have you heard about that? Yes, they have to start asking variance is slightly different from the UK one. But it's similar in terms of being sticky, but I think we just we know even less about this particular variant. Um It's kicking off in South Africa just in the same way. The U. K's variant is taken off themselves Southern England and Southeast England. Um and I think there's not enough information to know about the vaccine Africa's yet I'll be very shocked if the vaccines don't work against it it six years actually for Virus like of it, not like influence, which is different, but like prove it to mutate appreciably so that it creates something so different that the antibodies generated from the Vaccine won't work against this on DATs because we developed a range of antibodies to the spike routine being presented to the body in the vaccine on it's not just one So, like somebody told me once, just like you have 1000 guns pointing at the spike routine. So if you take out one, the 999 still do the trick. All right, Dr Chen Hong. I have to take a break. But I do have a couple other questions. Can you stay for a few more minutes? Yeah. All right. Terrific. Hang on with me. And we'll be right back with Dr Peter Chan hung from UCSF. We're talking about covert 19 and the vaccine and the mutation. You're listening to K G O Different.
Bloomberg Radio New York
"u. k" Discussed on Bloomberg Radio New York
"You've got to elect us in order to be the bulk work against Democratic policies flying through the Senate, and that has a very good Tone in in Georgia, where the national Republican leadership, Pelosi and humor are far further left than most Democrats in the state of Georgia. Okay, Rick thank you so very much. Let's move or political contributor Rick Davis and I'm delighted, say Rick will be with me tomorrow night for Bloomberg TV and Radio. Special coverage of the Georgia run off elections. It's going to start when the polls close in Georgia at 7 P.m. New York time, but right now it's going to check on the markets. Joining us now is to kill the lights. Okay, Those bonds power like say, it's all about Georgia. It doesn't. I'm not sure that's exactly right. I think the markets and so other problems today. Yeah, we do still have a pandemic going on, David, I think that has a little something to do with what we're seeing. Today. We did see stocks open the new year. Record highs that we quickly reversed those gays and now we're right around the lows of the session, the S and P 500 NASDAQ 100 each down around 2% at this point, really faced with potentially the fact that markets were over optimistic into the end of 2020 about the vaccine about hopes for recovery, faced with the grim reality that the virus is still ongoing and getting worse. Before it gets better. Somebody pulling back from some of those very frothy valuations. As countries like the U. K move more toward tighter restrictions within the S and P 500. It's really big tech. Leading the losses. Apple Microsoft biggest points drags point drives on the S and P 500, But every sector within the index is lower on the day across asset classes. You are seeing the dollar start to gain back. Some strengthened as well off the lows of the session again. The dollar really a proxy for the recovery play, and I have to talk about Bitcoin David yesterday crossed above $34,000 that we are reversing a bit. Today it's down about six point percentage points. At the moment that was still up about 7.5% from where it closed before the New Year's holiday. And finally, David, I just want to talk about the bond market because even though you're seeing these steep losses and equities you're not seeing that safe haven been show up The 10 year yield today going nowhere right now, sitting around 90 basis points stubbornly below that 1% level. But this David is where Georgia does come into this market. All eyes are on. Those runoff races. You were just discussing with Rick. If it surprises and is a Democratic sweep, that could mean more larger stimulus that is coming in this new year. That could mean better economic growth, And the consensus seems to be that would mean higher yields and that the 10 Year yield could actually Break again above 1% for the first time since March. David they keep talking about it doesn't happen yet, but perhaps the reflation trade Thank you so much. Okay, Alliance for that report on the markets coming up, the more we learn, the worse it gets. We go.
Bloomberg Radio New York
"u. k" Discussed on Bloomberg Radio New York
"Our next guest, says 2021 Outlook for North American life insurers is challenging from where we want to welcome Bloomberg intelligence industry analyst Jeffrey Flynn. Jeff I can kind of think, like a million reasons, why would be challenging but give me like the strongest one of why Next year's gonna be rough. Well, you know, it's really I mean, just the low rate environment is very, very challenging for life Insurers, You know, obviously, rates have come back up a little bit in the last few weeks, but they're just extremely low historically, and they're down. Several 100 basis points over the last couple years, and that just really puts pressure on their portfolio yields and I think we've got kind of like new money is sort of going on the books that about 3.5% and the roll off. Is it about four or 5%? That's really the biggest factor. There's some other Other reasons, I would note the work site and group sort of insurance businesses have also been a real growth driver in recent years, but those alone facing headwinds to in the coming years, with employment being under pressure. And also, um In the works like this. It's just been hard to get into work sites to make sales. So I would cite those are the two biggest reasons so it Jeff. Just give us Ah sense of how the covert 19 has impacted the insurance business. It's obviously very clear when you look at maybe airlines or cruise ships, but less clear when you look at some of the financial services sector is what's been the impact on Insurance business. Yeah, I mean, that's that's really very much true. I mean, it's been very interesting. It's really been a fairly modest impact, not modest, but but not a huge impact on earnings. You know a moderate impact on earnings in the balance sheet impact. Has been very, very low, and one of the things that reflects is that I'm just speaking in terms of claims here, the claims they're very well spread out. Market share is very diverse in life insurance. Very few companies have more than 5% share in mutuals, private companies actually have about 35% market share. So the claims impact has been very well spread out. Um the other pressure has really been meant. Alluded to this before has really been the sales headwind. Um Have. I mentioned that that's really pressured from work site businesses because it's been harder to sort of offices have been closed it Z just more difficult to get into companies to make sales but also on with Interest rates having come down pricing Buy life insurance companies on some of their policies. They've had to boost the prices on their policies to make the same returns. So that's also going to hurt sales because consumers are just getting less sort of coverage for further further money. Listen, I thought that everyone would be like jamming to go get life insurance and then in the middle of cof it seriously like we have a pandemic head. You don't know who's going to get exposed. I would think this would be like a must have product. Well, you know, And I guess I sort of I should should note that we've really seen among mid market life insurers. The companies there. Really focused on the mid market. Overall life insurance penetration is about 50, or 60% of the U. S. But it's much considerably higher for higher net worth clients and quite lower sort of in the mid market. So companies You know, I'll just throw it like a pro America or Globe life. Those companies have seen their sales come up come up quite a bit for exactly what you're saying. The awareness around the need for financial protection has really has really jumped. And combined with the low penetration. I think that that trend in the mid market specifically well, we'll probably go on for At least a couple more years. I would guess Jeff, give us a sense of the market structure in the life insurance business. I'm in terms of is this one of the sectors within financial services that Potentially could be right for some consolidation activity. Yeah, No, there's no question ball. I mean, they're they're definitely I think will be one of the things that's happened again with the low interest rate environment. It's really Force management teams to take a hard look at their businesses. You know, sort of what business are we at scale and where can we make a good return? And where? Where's the business? Too Risky, And I think a couple areas where we could see consolidation. A lot of the life insurance companies play an asset management and retirement for one K businesses. I think we've already seen consolidation there. And I think Well, Seymour, um you know, one company I would mention company like Ameriprise is probably looking to get bigger. NASA administer definitely there. Another area that we've seen, Interestingly, is kind of picked up sort of private equity has shown an interest and sort of taking high risk variable annuity policies. Life insurers will re insure that over to a private equity firm. We saw equitable, do a deal there and I think we could see More of that activity, which is positive for life insurance since it frees up some capital for them, you know, one other point That's worth noting is that we do a I G recently announced on that they were gonna be splitting their life insurance business off from PNC. That probably going to come as an I P O and 2021, which which is, you know a very big idea for the sector. And at the same time Credential U. K is gonna do the same thing with Jackson National, So there's definitely A lot of moving pieces for life insurance. And I think that sort of transaction activity. Reinsurance activity could be kind of a key value driver for the sector we actually saw right met life. Sold their PNC business a few weeks ago, and oftentimes that proceeds from those sales are directed to repurchase is so I think that's going to be a really key theme for the group in 21. That's interesting. Let me let me ask you really nerdy question. And this guess could apply to re insurers to how our contracts changing whether it's insurance. For businesses or for individuals or even for reinsurers in light of the pandemic like that. I have read a lot, and I heard a lot about.
Newsradio 600 KOGO
"u. k" Discussed on Newsradio 600 KOGO
"His car. Investigators say the men was shot in the arm and taken to Mount Sinai in good condition to other suspects were also arrested. Police remained on the scene investigating for several hours. Reporter Britney Gordillo with Fox 32 Morris is charged with attempted murder. Grieving families are being turned away by funeral homes in Southern California. They just don't have the space for more bodies. One funeral home is averaging about 30 body removals a day. That's about five times more than usual. Field hospitals in Britain that haven't been used since spring are being reactivated hospitals around Britain facing a perilous few weeks amid a spike in Corona virus cases blamed on a new virus variant that word coming from British medical officials, worried about the ability of England's already stretched a national health service to handle an anticipated increase in people seeking covert 19 treatment. Fox says Paul Stevens as the new strain spreads teachers unions around asking that schools remain closed for at least another two weeks. In addition to the pandemic, Britain is dealing with its biggest economic change since World War two Brexit allows the U. K to reclaim its independence from the European Union, but it comes with a fair share of restrictions and red tape. No major problems at any of the U. K's ports goodwill between the U and the U. K seems to be holding. There were concerns that there would be a huge problems and things could get messy. Remember, the two sides agreed. Terror free trade will continue, but the U. K no longer enjoys what they called frictionless trade with the EU. Fox is Ryan Chilcote companies will be subject to new costs.
WTOP
"u. k" Discussed on WTOP
"It's the latest flare up of tensions between Beijing and Washington. China did not offer details on what the measures might be. The move stems from an executive order President Trump issued barring investment and publicly traded companies that the U. S government says are owned or controlled by the Chinese military. Stock exchange said Thursday it would delis China Telecom, China Mobile and China Unicom Hong Kong with trading of the company's suspended in early January. I'm Julie Walker. Wikileaks founder Julian Assad's will find out Monday whether he could be extradited from the U. K to the U. S. To face espionage charges over the publication of Secret American military documents. A judge will announce her decision on Monday morning at 10 o'clock if she grants the request. The Britain, then Britain's home secretary, will make the final decision. Whichever side loses, is expected to appeal, which could lead to more years of legal wrangling coming up after traffic and weather on w T o P o fire that forced dozens from their homes in Prince George's County was apparently deliberately set. We'll have that story next 9 36. Hindsight is 2020 2020 was a brutal year with a lot. We couldn't control pandemic economy, unemployment. What can we control our job? Our career in 2020. My computer career helped more people start I t careers than ever. Don't look back with 2020 hindsight next year and see yourself in that 2020 job. Take control. Go toe my computer career dot e d u and take the free career evaluation. It's not rocket science. It's my computer career dot e. D u Hindsight is 2020 2020 was a brutal year with a lot. We couldn't control pandemic.
Bloomberg Radio New York
"u. k" Discussed on Bloomberg Radio New York
"Jeff. I can kind of thing like a million reasons. Why would be challenging? Give me like the strongest one of why Next year's gonna be rough? Well, you know, it's really I mean, just a low rate environment is very is very challenging for life Insurers, You know, obviously, rates have come back up a little bit in the last few weeks, but they're just extremely low historically, and they're down. Several 100 basis points over the last couple years, and that just really puts pressure on their portfolio yields and I think we've got kind of like new money is sort of going on the books that about 3.5% and the roll off. Is it about four or 5%? That's really the biggest factor. There's some other Other reasons, I would note the work site and group sort of insurance businesses have also been a real growth driver in recent years, But those alarm face some headwinds to in the coming years, with employment being under pressure. And also, um In the works like this. It's just been hard to get into work sites to make sales. So I would cite those the two biggest reasons, so it just just give us ah sense of how the covert 19 has impacted the insurance business. It's obviously very clear when you look at maybe airlines or cruise ships. But less clear when you look at some of the financial services sector is what's been the impact on the insurance business. Yeah, I mean, that's that's really very much true. I mean, it's been very interesting. It's really been a fairly modest impact, not modest, but but not a huge impact on earnings. You know a moderate impact on earnings in the balance sheet impact. Has been very, very low, and one of the things that reflects is that I'm just speaking in terms of claims here, the claims they're very well spread out. Market share is very diverse in life insurance. Very few companies have more than 5% share in mutuals, private companies actually have about 35% market share. So the claims impact to have been very well spread out. Um the other pressure has really been meant. Alluded to this before has really been the sales headwind. Um As I mentioned that that's really pressured some work site businesses because it's been harder to sort of office that had been closed it Z just more difficult to get into companies to make sales but also on with Interest rates having come down pricing Buy life insurance companies on some of their policies. They've had to boost the prices on their policies to make the same returns. So that's also going to hurt sales because consumers are just getting less sort of coverage for further further money. You see, I thought that everyone would be like jamming to go get life insurance and then in the middle of Cove it seriously like we have a pandemic kid. You don't know who's going to get exposed. I would think this would be like a must have product. Well, you know, and I guess I sort of I should should note that we've really seen among mid market life insurers. The companies that are Really focused on the mid market. Overall life insurance penetration is about 50, or 60% of the U. S. But it's much considerably higher for higher net worth clients and quite lower sort of in the mid market. So companies Scene. I'll just throw it like a pro America or Globe life. Those companies have seen their sales come up come up quite a bit for exactly what you're saying. The awareness around the need for financial protection is really has really jumped. On DCA bind with the low penetration. I think that that trend in the mid market specifically well, we'll probably go on for At least a couple more years. I would guess Jeff, give us a sense of the market structure in the life insurance business. I'm in terms of is this one of the sectors within financial services that Potentially could be right for some consolidation activity. Yeah, No, there's no question ball. I mean, they're they're definitely I think will be one of the things that's happened again with the low interest rate environment. It's really Force management teams to take a hard look at their businesses. You know, sort of what business are we at scale in? Where can we make a good return? And where? Where's the business? Too Risky, And I think a couple areas where we could see consolidation. A lot of the life insurance companies play an asset management and retirement for one K businesses. I think we've already seen consolidation there. And I think Well, Seymour, um you know, one company I would mention company like Ameriprise is probably looking to get bigger. An asset managed to definitely there. Another area that we've seen, Interestingly, is kind of picked up sort of private equity has shown an interest and sort of taking high risk variable annuity policies. Life insurers will re insure that over to a private equity firm. We saw equitable, do a deal there and I think we could see More of that activity, which is positive for life insurance since it frees up some capital for them, you know, one other point That's worth noting is that we do a I G recently announced on that they were gonna be splitting their life insurance business off from PNC. That's probably going to come as an I P O and 2021, which which is, you know very big idea for the sector. And at the same time Credential U. K is gonna do the same thing with Jackson National, So there's definitely A lot of moving pieces for life insurance. And I think that sort of transaction activity. Reinsurance activity could be kind of a key value driver for the sector we actually saw right met life. Sold their PNC business a few weeks ago, and oftentimes the proceeds from those sales are directed to repurchase is so I think that's going to be a really key theme for the group in 21. It's interesting. Let me let me ask you really nerdy question. And this guess could apply to re insurers to how our contracts changing whether.