35 Burst results for "U.S. Administration"
AP News Radio
U.S. renewable electricity surpassed coal in 2022
"U.S. renewable electricity surpassed energy derived from coal last year. I'm Lisa dwyer. The U.S. energy information administration announced that in 2022, electricity generated from renewables surpassed coal electricity production in the United States for the first time growth in wind and solar significantly drove the increase in renewable energy and contributed 14% of the electricity produced domestically produced 26% of the national utility scale solar electricity, followed by Texas with 16% and North Carolina with 8%, the most wind generation occurred
The Hugh Hewitt Show: Highly Concentrated
Protests Continue to Roil Across Israel and France
"Continue to roil across Israel and France all night long in this morning is Israel considers prime minister Netanyahu and his coalition. Our gathering to consider whether or not to pause the legislation, which is now reached the floor of the platinum session, the Connecticut can pass it, I believe, with one rating they've done all the amendments they worked all weekend. They're right up on the brink of winning. About hundreds of thousands of Israelis don't like it. Same people that voted against Netanyahu and the coalition, you know, a few months ago I don't like it. So they're out in the streets. They've closed Ben Gurion Airport this morning. Port is closed. In France, protesters who lost the election in Macron are now being joined by black clad anarchists and are burning down buildings in various parts in and has put out a story this morning. Is it safe to travel to France? The answer is yeah, but know what you're doing is going to be garbage on the street. So both countries have to decide whether or not their leaders who recently won, and I just remember when prime minister Liz truss, she's now a former prime minister Liz truss blinked when she won the election over Rishi sunak to replace Boris Johnson Great Britain last year, she put out a budget, the left wing exploded, a panicked financial elite, and she blinked and her government felt. And I think you have to consider that Netanyahu and Macron both look at what happened to trust. Indeed, they have to look a little bit at what happened to Donald Trump in 2017 when traps were laid for him by the outgoing Obama administration, and they have to consider, do I blink now if I blink, will it all fall apart?
AP News Radio
Biden's Justice Dept. keeps hard line in death row cases
"President Biden, as opposed to capital punishment, but his administration is pushing forward with federal executions. An Associated Press review of dozens of legal filings shows President Biden's Justice Department is fighting just as vigorously as Donald Trump's did to uphold a sentences of death row inmates. Death penalty opponents had expected the administration to end federal executions. Attorney general Merrick Garland did impose a moratorium in 2021, noting concerns about how capital punishment disproportionately impacts people of color, and there's a lack of consistency in its application. Although the pauses lifted, Garland has not authorized any new death penalty cases and reverse 27 that had been sought, but there are dozens more capital punishment cases being pursued by the Justice Department. I'm Jackie Quinn
AP News Radio
Biden's pick to lead FAA withdraws amid shaky Senate support
"It's going to be a while longer before the federal aviation administration has a new chief with this weekend's withdrawal of President Biden's nominee. It's a setback for the Biden administration, which had selected the CEO of Denver International Airport, Philip Washington, to be the new administrator of the FAA. The agency in charge of air safety amid a surge in close calls at airports aging, flight technology, and a pilot shortage. Republicans were united in opposing Washington as the nominee, calling him unqualified because of limited aviation experience. Transportation secretary Pete Buttigieg, supported the nomination and is blaming undeserved and partisan attacks for sinking Washington's nomination. The FAA has been without an official administrator for a year, acting administrator Bill Nolan is a pilot who held safety positions at three airlines. I'm Jackie Quinn
AP News Radio
Vice President Harris' trip aims to deepen US ties in Africa
"Vice president Kamala Harris is traveling to Africa this weekend to deepen U.S. ties in the region. During her weeklong trip, vice president Kamala Harris will be working to deepen and reframe U.S. relationships in Africa. It's part of the administration's effort to counter China's growing influence around the world. And in Africa, China has led huge infrastructure and telecommunications projects, but a National Security Council spokesman says China's interests in the region have been selfish. While the U.S. is trying to help Africa deal with a spate of challenges. The vice president's trip includes three nights in Ghana. Two nights in Tanzania, and one in Zambia. There's a lot of anticipation about her trip with Harris being the first person of color to serve as a U.S. vice president. I'm Jackie Quinn
The Officer Tatum Show
The Latest Hunter Biden Developments Are Absolutely Stunning
"Story is absolutely stunning to me. If you needed any evidence that the Biden family aren't just corrupt, but traitorous, this story does it. That laptop from hell is causing some real damage to the Biden family. So the media would love you to be focusing on Trump and desantis and everything else they don't want you to focus on the border crisis. They don't want you to focus on, you know, lord forbid, you know, a bank collapse, all right? They don't want you to focus on any of that stuff that the Biden administration is causing and the damage that they're doing. So they stay fixated on former president Trump. Partly because they are scared of them, and they hate them, but also because it's an easy distraction because they know that most people have some type of emotional connection to Donald Trump, either they absolutely love them, or they absolutely hate them. I don't think there's a lot of people that are that are in between, but you know, but maybe, yeah, okay, I take that back. I'm sure there's some people that are in between, but nonetheless, this story is one of the most damaging stories that I've read. I want you to hear this audio clip. A Miranda Devine was on Fox News last night, and I want you to hear what she has to say about this. This is absolutely insane. This takes this family from corrupt to straight up traitorous. Audio clip number three popov Chan. Actually bizarre. I mean, it's another bizarre twist on an already bizarre story about the Biden family and the cast of characters involved in their influence peddling scheme around the world. And doctor gal loft is the latest one. He is an Israeli energy expert, a professor, he was arrested in Cyprus as you said, and is still in a Cyprus jail. He's charged apparently with gun running and Farah violations and various things. And he claims that he is innocent and that he's only been arrested to shut him up about what he knows about the Biden family business. And you know, a lot of his story does check out. He is regarded in his orbit in Washington, D.C. as, you know, he's well regarded. He's a legitimate energy expert. He's a former high ranking officer in the Israeli defense force. He has multiple degrees and he also talks about this FBI mole that he claims Hunter Biden used to tip off his Chinese partners that there was an FBI investigation into them. And there is some corroboration of that from the reporting that we've already done from the laptop. We know that Hunter Biden did have contacts within the FBI. We know that he used them to benefit at least one of his Chinese business
Mike Gallagher Podcast
James Carville: A Trump Administration Vs. A DeSantis Administration
"But carville made the crack, you know, that everything's going well until you get hit in the mouth. You can have a plan until you get hit in the mouth. And basically, Trump is like iron Mike. We've got the carville cut somewhere, guys. Let's play Jim carville. Here's serpent head on TV show somewhere. I don't even know where. I'm sure it was MSNBC or CNN. Here's James carville talking about desantis who has been pretty low key about Donald Trump until recently, and then he's kind of stepped up his criticisms in at least laying out the differences between what a Trump administration would look like versus a desantis administration. Since desantis is getting a little more pointed in his critique of president Trump, that led carville to say this. You know, disaster proves that wisdom of Mike Tyson, everybody got a plan to hit him in the mouth. That guy, he doesn't know whether to wind his rear scratches watch. And he tried to play in the league that he can't play yet. And that's pretty evident. I'm being confused guy and Trump hit him in the mouth and he lost his plan. He just went totally off key. So my hats off to our mic. My hats off to, well, look at that. James carville praising Donald Trump.
The Charlie Kirk Show
China's "Century of Western Humiliation" With Jack Posobiec
"You and I have both been warning, hey, there's going to be a new superpower alliance happening and the American regime is cheerleading for it and is actually helping it happen. Chilling last couple of days in Moscow as Xi Jinping Winnie the pooh goes to Moscow to meet with Vladimir Putin and they say, quote, there are changes that have not happened in a hundred years that are happening when we meet take care of yourself dear friend. Play cut 73 and then Jack, I want you to make sense of this for me. What does this mean? I'm not even sure, play cut 73. Now there are changes that haven't happened in 100 years. When we are together, we drive these changes. I agree. Take care of yourself to your friend. Please. Jack, what does this mean? So to understand China, you have to understand that the way they teach history, they refer to something as the hundred years of humiliation of the century of humiliation. So the century humiliation goes from the opium war of about 1859 all the way up to 1949, which is of course the founding of the People's Republic of China. So they could refer to that as the century of humiliation, meaning humiliation by what, humiliation at the hands of the west. So the flip side of that for him to say, this is a change we haven't seen in a hundred years. What he's actually referring to is their new plan for 2049. That's their target date on forward where it's the century of western humiliation that he wants the west to be brought down low. And what does the United States done throughout all of this? They've driven Russia. The biggest wildcard in all of this, Russia, which had been trying to extend economic ties to Europe. Of course, we've now see where those economic ties are. They've been blown up. Most likely by the Biden administration and their allies at the bottom of the Baltic Sea and driven Russia in to the arms of China. This is the most historic meeting that we've seen in terms of the global geopolitical balance of power since Nixon going to China,
AP News Radio
TikTok CEO faces off with Congress over security fears
"TikTok CEO appears on Capitol Hill today to face a grilling by U.S. lawmakers. Some politicians have started talking about banning TikTok. The CEO of TikTok reached out directly to users ahead of his appearance before the U.S. House committee on energy and commerce today. Amid escalating U.S. China tensions shows the Chu will be making a case for why the popular video sharing app isn't a national security risk, at a White House briefing yesterday, National Security Council spokesman John Kirby wouldn't confirm reports that the Biden administration is asking the Chinese company ByteDance to sell the app, amid concerns that user data could end up in the hands of the Chinese government. We've made very clear our national security concerns about that particular application. That's why it's been banned on government devices. TikTok has been trying to sell officials on a $1.5 billion plan called project Texas, which routes all U.S. user data to domestic servers owned and maintained by software giant Oracle. Texas business owner gohar Khan is one of the influencers lobbying against a ban. Was brand deals would go away and so was 60% of my consulting business. Jennifer King, Washington
The Trish Regan Show
Charles Thorngren Predicted This Banking Crisis Last November
"Today none other than the gentleman who told me back in November, Trish, this is going to be as bad as 2008. It's going to be some kind of banking crisis different, but something major well, I guess he got that one, right? Charles Thornton, welcome back to the program. What do you know, here we are, Charles Thornton, reading the tea leaves pretty well on that one. Good to have you back. Oh, it's great to be back. And I apologize for being right. We have to remember, this is very much like 2007, 2008, but worse. If we have runaway inflation, and unfortunately, and I know I said in the past, but we still have two years to go, folks. Cost. How much do things cost? No, we're going to whip it. And the budget plan is insane. And it would be a disaster fortunately. I don't think it would ever go through, but it gives you some insight into how this administration thinks. I'm troubled by the reality that even regardless of who's there, Charles, we've gotten ourselves so far in the hole that there's no easy solution out right now. It is like massive debt and deficits for decades to come, which is going to do exactly what you just said, a road, the purchasing power of the U.S. dollar. It's also goes back to, can we default? Gosh, I hope not. You have part of the institution refusing to accept financial responsibility. So at what point does the other side say, no, we're going to force you to have to accept it. And there's where that conversation of some default comes in. Maybe not all default, but maybe there's certain items that are willing to let go into default. But we can't afford that. The last time we had a really bad budget battle, the United States got downgraded. You know, our credit rating got downgraded. We haven't read that up yet.
The Trish Regan Show
No One Is Committed to Getting Our Economy Under Control
"Know, I keep saying this. We got real problems. We've been talking a lot about the border. This week, we also, of course, on this show, talk a lot about the economic picture. The fed is not committed. That's quite evident to fighting inflation in the way that needs to happen in order to get this under control. I mean, even Larry summers, and he's not exactly what you'd call conservative, right? Larry summers. Economist, former president of Harvard University, who was part of the Clinton administration and then part of the Barack Obama administration, treasury secretary of the United States of America. He's been pushing the Federal Reserve to do more. We have a problem and no one's committed to getting it under control.
AP News Radio
Biden approval dips near lowest point: AP-NORC poll
"A new poll finds president Joe Biden's approval rating dipping slightly. The new poll by The Associated Press and the norc center for public affairs research finds Biden's approval rating at 38% this month as the president and his administration confront two bank failures and inflation that remains stubbornly high. Biden's approval rating in February was 45% at in January 41%, just 31% approve of Biden's handling of the national economy about where it's been over the course of the last year. The difference between Biden's approval overall and his approval on the economy is driven largely by Democrats, 76% say they approve of how Biden is handling his job as president, while 63% approve of his handling of the economy few Republicans approve of Biden on either count. Donna water Washington
The Officer Tatum Show
Welcome to the Police State
"Guys, let me just ask you a question. You realize that the left needs violence, or they need lawlessness in order to prevail in order for this communist takeover of America, which is basically what the left is trying to do. You realize that they need lawlessness. Now there was a major blow to this case in Manhattan. This Manhattan DA, this puppet for George Soros, and Joe Biden, a major blow that occurred, apparently there is a witness, and we'll play some audio for you in just a second. Second, that put a major hole in that case. So the case has been delayed. The case has been delayed, so I'm curious to see what happened to that, but I just want you to understand the state of affairs that we're in. We are really at the point where I think we've arrived at a police state. And I take no pleasure and say that I'm not saying that to be hyperbolic. I'm not trying to say that to scare you. I'm just telling you what is. We have little control of the things that are happening with our government. Thank God that we won at least the House of Representatives so that we can expose some of the stuff that's going on behind the scenes with this corrupt president and his administration, but it's absolutely insane. Winning the house is simply not enough, but thank God they've been able to at least deter and curtail some of this deep state stuff and a complete communist takeover in my opinion.
Mark Levin
Ian Prior: States Should Manage What Happens in the Classroom
"Our state legislature is doing enough and governors Republican governors doing enough to control what's going on in the classroom as a rule There's some we know who are great Yeah I mean I think some are I think I think others aren't And certainly it falls upon the state not the federal government to really manage what is going on in the states because look if you put the federal government in charge of this that might go great when you have a presidential administration that is favorable towards parental rights But what happens when you get to buy the administration It's not going to go well So we're really falls upon the state to enforce their constitutions to enforce their laws in the past new laws I mean for example there are states out there that have statutory parental rights protections But there's no enforcement mechanisms And that's one of the problems we see from state to state and certainly even in the federal statute the protection of pupil rights amendment There's no enforcement mechanism for parents to take these school districts to court So I mean we need all kinds of things We need transparency of lessons plans curriculum teacher trainings books in the library books in the classroom library but we need more than that We need an enforcement mechanism so that we can bring schools to court and hold them accountable for these things And then you might actually see some changes in what they're doing
America First with Sebastian Gorka Podcast
Jim Hanson Fills in for Dr. G With Special Guest Gordon Chang
"In Seb's chair while he's down at fort Bragg talking to our special operators. But I am actually happy and sad to be joined by Gordon Chang because the fact that he's joining us is a sign that once again, China is doing things that we're doing badly to counter. I want to make sure you follow him on Twitter at Gordon G Chang. And his book the coming collapse of China can not come soon enough. Welcome to the show, Gordon. Thank you so much, Jim. Well, look, I think there's plenty. I want to start off in the less obvious of the two really bad things that happened recently, but China managed to get a deal done between our enemy Iran and our somewhat ally, the Saudis for a rejuvenation of diplomatic ties between those two countries. This is barely two years after the Trump administration managed to get a couple of gulf Arab states to sign deals with the Israelis to increase relations. Have we really flipped that far, the U.S. is no longer a power broker in the Middle East and the Chinese are there too? Yes. Actually, America's Middle East policy under the Trump years was like the best since FDR. But Biden's is clearly the worst ever and we're seeing that because as you mentioned, Saudi Arabia was a firm friend of the United States was supporting our efforts. We had the Abraham accords, which president Trump should have won the Nobel Prize for. What Biden has done is he's reversed all that progress in the matter of a couple of months. He did that by trying to isolate the Saudis and this is not a very good story for the United States. No, and
ToddCast Podcast with Todd Starnes
Rep. Debbie Lesko: GOP Looking to Rescue Gas Stoves From Biden’s Ban
"Even believe I have to do a piece of legislation that will ban the Biden administration from prohibiting a whole bunch of gas stoves that are on the market today. These people are nuts. Can I just say that? They've gone off the rail. It's absolutely insane. And now they're apparently they're trying to come after a washing machines. You may have to introduce even more legislation, Debbie. I told my staff that if no one else is doing this washing machine, you know, legislation I want to do it because in fact, this is funny. My husband and I just went out last weekend and we bought a new washing machine and dryer because we were afraid that the Biden administration was going to have these washing machine regulations, which they're proposing that the industry said they wouldn't even be able to wash your clothes adequately because you're not allowed to have enough water. So we ran out and bought a washing machine that actually fills up with water for our clothes. Absolutely insane what this administration is doing, but it's really they're implementing the Green New Deal without calling it that. Well, yeah. And so, and then if you remember right, one of the consumer protection agency people said a while ago, we're going to ban gas stoves and then Biden comes back and go, nobody's banning gas stoves. Well, guess what? His own Department of Energy has proposed rules regulations that would ban first they said it would ban the Department of Energy themselves that it would ban 96% of all the gas stoves now subsequently they have changed that to 50%. They haven't changed the rule at all. They just they've just changed their analysis because people are outraged that it would ban 96% of gas doves. And now they've changed it to, oh, only half. We'll give me a break. Either,
AP News Radio
Americans' faith in banks low after failures: AP-NORC poll
"Uphold finds low faith in American banks after two recent bank failures. Treasury chief Janet Yellen and the Biden administration have been trying to boost confidence. In the U.S. banking system remains sound. But an AP Newark center for public affairs research poll finds just 10% of U.S. adults say they have high confidence in banks and other financial institutions. That's down more than half from three years ago. More than half now say the government's not doing enough to regulate the industry. Over the past month, there's been little change in how people see the overall economy, only a quarter, say national economic conditions are good. Three quarters describe them as poor. Sagar Meghani at The White House.
The Hugh Hewitt Show: Highly Concentrated
Blame Biden for the Putin-Xi Partnership
"Contin, I want to start with the biggest story of the week, the month and the year. Xi and Putin together again in Moscow. Now, the pact of steel didn't come around until 1938, Mussolini and Hitler started getting around and together in the mid 30s. How ominous is that gathering in the cementing of that alliance in your eyes? Well, it's very worrisome to you. I want to be clear, Joe Biden didn't bring these two together. They are anti American dictators who want to overturn an American led global order of security and stability that serves our interests and replace it with one that serves their interests. However, Joe Biden's weakness in his first two years in office have created what they see as new opportunities for advancing their shared interests, whether it was the appeasement of China and Russia both early in the administration, the fiasco in Afghanistan or now Joe Biden's halting half measures in Ukraine. Time and again, Joe Biden has encouraged these two anti American dictators to act on their long shared interest in undermining America's national security and the global world. The global order that advances America's interest as opposed to the anti American interest of countries like China and Russia and others.
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"Is also going to announce another deluge of sanctions on Russia and tariffs as well, so this is just them amping up that statement one year on that they are not just committed to the defense of Ukraine, but also that they are going to penalize as much as they can Russia. Maria, what happened to the lines, the lines in the sand that the U.S. administration, certain European governments were worried about their they provided certain weaponry to the Ukrainians. It would be an escalatory step. What happened to all of that? Well, many of them are essentially gone. I mean, we had a psychodrama. This is nonstop debate about the leopard two tanks, whether that would be perceived as an escalation from Russia, the Russians either way for a year have been seeing that they're not finding Ukraine that they're fighting NATO. So that's our narrative already. If you look at the Russian any type of information, they'll say essentially this has been NATO fight already need a wall obviously say that is not accurate. They're doing is providing weapons to a country that is defending itself and the UN charger allows for that. The invasion comes from Russia, not Ukraine. I think the last standing piece of weapons that is obviously up for debate is the fighter jets when I spoke to the UK prime minister of the Munich security conference, he said potentially that could come. They need to coordinate, but that could come. And one thing that's been coming very clear that Ukrainians will stress is that no war has ever been won if you don't have the capacity to launch the launch range missiles because you need to give headway to your soldiers and then secondly, if you don't control your skies, it's very difficult to push for a counter offensive. Maria, we appreciate it on the ground in Ukraine alongside amory Horton over in London on the one year milestone of this war. We did have a ceasefire proposal from the Chinese government, a little bit earlier on today. It was a 12 point ceasefire proposal. On those proposals. Excuse me, what was .8? I can go through some of them. It included a ceasefire, which would freeze Russian troops in place on Ukrainian territory. Jake Sullivan, on CNN, just basically swatting this one to one side top. Saying that the proposal should have ended after the first bullet point, which calls for respecting the sovereignty. Of all countries. Bill Murray in Tokyo looking at the maroon carpet. This was lost in translation. That's how I'd say. And continues to be. Futures right now down to 6 tenths of 1% from New York. This
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"For the year ahead, Dan and Congress? That right there was the House democratic leader. Hakeem Jeffries, speaking to NBC over the weekend. Live from New York City, good morning to your equity market building on the gains of Friday. By four tenths of 1% on the S&P 500, yields are high by three basis points on a ten year three 59 11 yield to aggressively lower in Friday session as wage growth came in a bit softer. And the ISM services indicator came in sub 50 in contraction territory. Your next big stop for this market, of course, is chairman Powell tomorrow Tom. We hear from him. I believe at 9 a.m. Eastern Time, then it's CPI Thursday, just a couple of days away. Yeah, CPO Thursday to me is a huge, huge deal. And then we launched John right into the earnings on Friday. I believe as well. So it's going to be a real back loaded end of the week. We're going to stop the show right now. And we're going to talk about Greg VA of New Hampshire, which is the drug entry capital of the United States of America at one point. And he and I would describe what it did to his New Hampshire. It is unmentioned among the three amigos in Mexico City, our Ann Marie Horton is there, always up to speed. She's our Bloomberg Washington correspondent. Anne Marie, I think the whole conversation is sanitized with a huge arrest three or four days ago on the opium battle. I take real issue with opioids, fentanyl, all the other jargon that soft peddled. All this is about is heroin. What are these three guys going to do about the drug tragedy of North America? Well, Tom, as you just alluded to, this comes on the heels of the Mexican authorities arresting El Chapo's son. This was really a huge coup for the U.S. is something they wanted to be seen. And there's been a lot of pressure on the Mexican government on amlo from the U.S. administration to crack down on the drug cartels and one of the biggest drugs that is trafficked by this individual and some of these Mexican cartels is fentanyl and that is why you have a huge amount of individuals paying close attention to the amount of narcotics because not just this is highly addictive but this is lethal. And the number of individuals between 18 and 50 year olds dying from fentanyl is rising and you have a senator Tom from West Virginia, Shelley Moore caputo, writing over the weekend and op-ed because she said, even though I'm in West Virginia, why I care so much about the border is the increase in fentanyl, what that means. You know, John Farrell's talked about China being a bipartisan issue. Let me suggest that opium or heroin is a bipartisan issue. What are we going to do about it? Well, it is a bipartisan issue, and I think when you talk to both sides of the aisle, they want to see more funding when it comes to the drug enforcers and also the fact that, especially when you talk to and you see some of the plans, the administration has wanted to put forward is more resources and funding to these local governments, whether it's Mexico or other areas in South America so that they are investing in the fact that potentially more people are not going into the jobs of supporting or being part of the cartel because when you saw the kidnapping of El Chapo's son, you can almost see that these are in themselves military states within a country. Emory, the focus for you, I know, is in Mexico City and for perhaps Joe Biden. But for everybody else, people want to understand what the aftermath is from the C-SPAN ratings, bonanza, which has been the negotiations over the Speaker of the House. There is a question of what the ramifications are for some of the concessions that we saw from Kevin McCarthy in order to get to become the House speaker. What is the sort of projection of what this gridlock will look like? The internecine gridlock among Republicans. Well, you could even talk to Republicans like representative Gonzalez, who are on face the nation over the weekend, talked about the fact that C-SPAN ratings is going to continue. Even little procedural, I would call maybe the plumbing of Congress, the plumbing of democracy, electing a speaker. They're going to have a vote on the House rules. All of this usually just evaporates from the headlines and is pretty much American public ignores it now. This is prime time day spent on this and the next big fight. I mean, we should note they're meeting at ten. Some of these GOP leaders to discuss who's going to get top positions on committees and who is also going to stab those committees, but the next big fight is going to be the House rules package. Again, the plumbing that normally is completely ignored from headlines is becoming another big fight from Republicans. You had representative Gonzalez saying he's a no one in it because he's worried about potential defense cuts, then you have another representative also speaking on face the nation, Nancy, of South Carolina, talking about the fact he doesn't like how it went down and she doesn't know what the informal list is that speaker now Kevin McCarthy was able to do in backroom door. She doesn't like these gentlemen handshakes and what that can mean. So you're going to have the Democrats obviously united against this rules package, but at the same time, potentially some nose or absentees from Republicans. So potentially this is going to be another fight like it was for their speakership. And this is just the plumbing. My point is, when we get to really must pass issues like the debt ceiling, there's going to be major fights. Emery, we were talking earlier in the show about when it matters for markets, right? This question of we always get a debt ceiling tobacco. We always get some sort of fight that goes to the last hour. How much are we going to see a different tenor this time around? When should the market start caring about ramifications? And what exactly would those ramifications look like? I personally think the market should start caring now, or maybe they should have started carrying last week. But this is going to really come to the forefront in early this summer, and then of course we have federal spending with the fiscal year ending September 30th with the Republicans want is the fact that they want negotiations to be about raising the debt ceiling, concessions on federal spending. They want to cap 2024 spending at 2022 levels, chip Roy has said over the weekend that everything is on the table, that would include defense. This is going to draw the ear of some of these hawkish defense Republicans. At the same time, Lisa, you have the administration saying that when it comes to the debt ceiling, there will be quote no hostage taking. That was the word from the president's press secretary at Air Force One to reporters yesterday. So I would say these fights are already going to start to happen now, representative chip Roy, ultra right, he was part of this insurgency is saying we need to get in a room now. I guess that is a good sign for the markets, but this is going to be a big debacle. Very quickly, Anne Marie, when McCarthy does a John Boehner and turns to the Democrats, what happens? I'm not sure you're going to see that, Tom. I am not sure you're going to see this individual, even though yes, it is a very slim majority, really want to turn to the Democrats. He's going to have to in terms of getting concessions, but it's going to be very difficult for him to want to get Democrats on board to pass legislation over the line because remember, to get
The Economist: The Intelligence
"u.s. administration" Discussed on The Economist: The Intelligence
"So we can look forward to a sequel in ten years. The king or the emperor, so we're all really impressed by how much you did manage to get about Xi Jinping given that you were reporting in an extremely political sensitive time. You were doing it from outside, and you did it with a time constraint. You wanted to get this done before the party Congress. Are there some things that you were trying to get, but you couldn't get any unanswered questions that are out there? Oh my goodness, so many. I think the first thing that I would want to say is I just feel like there's just so much we don't know about Xi Jinping. And what really struck me during the interviews was the number of times that all kinds of people we interviewed said that compared to previous Chinese leaders, the information out there that's publicly available or even accessible to say the U.S. government has really dried up under Xi Jinping. And I was struck when former U.S. government officials were saying that even the current U.S. administration struggles to find out information about Xi Jinping. So really, really basic questions, like what is Xi Jinping's daily routine? What time does he wake up? Does he exercise? What's his favorite food? Like all of that, we just were not able to find out. But then on top of that, there were really, really important questions. Like, who influences Xi Jinping? How does he make decisions that really impact the world and have huge implications for all of us that I just could not get to the bottom of? So they're some of the questions I would have loved to find out, but there are so many parts of his life that are like this. The other interesting thing is despite all we're saying about sees unknowability. There is a lot of propaganda around him, and there is this sort of narrative that's being pushed by state media, you know, about his youth, about the time he spent in Yahoo and the books that he read or the books that he supposedly still reading today. What do you make of all of that? Yeah, there is so much party propaganda about his time in Liang zhao. There's like a 45 episode TV series on it. Wait, did you watch that? I must admit I did not.
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"Oil and condensates, which would allow them to ramp up their exports even faster than their production level. So the three things that I had problems with. One is that I feel like the U.S. administration is much less likely to do this. Now that gasoline prices are under $4. Two, if I was the Iranian government, I don't know why I would trust the U.S. government again, considering what president Trump did when he was ripped up the agreement. And three, I would think that president Putin that does have close ties with Iran will do everything he can to keep the oil off the market to keep high oil prices so we can make more money. I mean, I think you summarize this really well. And these are huge concerns. And especially on the Iranian side, the lack of the continuity guarantee, I think remains the big issue because they're saying that, I mean, if administration changes, this is not a legal binding agreement. And there is no guarantee for us that this would continue when the administration changes. And arguably, I mean, there are incentives on both sides to just have the talks drag on because in this way, Iran kind of avoids deeper sanctions because while the negotiations are ongoing, they don't have any deeper perhaps secondary sanctions. And similarly, I mean U.S. is also incentivized to do the same because if they brought stronger and deeper secondary sanctions, I mean, this really could risk a deeper oil deficit in turn increasing oil prices. So I think the way things are and this is why an Iranian deal is not in our base case and our course scenario because we think there are some issues that remain and we think the current situation of having the tall drag on is actually beneficial for both sides. All right, just a sense of timing when you talk to market participants and they feel like we'll get resolution one way or the other will either have a deal or won't have a deal. Is that something we'll get in? 30 days or something like that or is this an as you suggest might just drag on? I mean, just recently, president Macron of France said that it might be imminent. But as I said earlier, I could count at least two times where we heard exactly that in the last year. And then nothing came. And then last week, we really thought it was around the corner and then it wasn't. So Lee, thank you so much, really appreciate it. He's a Bloomberg intelligence senior analyst. Coming up on the program, we turn to tech. Apple is preparing to launch a new iPhone in September. We discussed the potential sales impact the new release might have for the tech giant. You're listening to Bloomberg intelligence on Bloomberg radio providing in depth research and data on 2000 companies and a 130 industries, you can access Bloomberg intelligence through BI go on the terminal. I'm Alex steal. And I'm Paul Sweeney. It's 39 minutes past the hour. And this is Bloomberg. You see the value in worldwide market news. Stocks in Asia saw some heavy selling overnight. And you wanted first several fed officials beat the drum for higher interest rates. So do we. Crypto is in
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"We are in retreat with the Dow industrial average down 1.7% in the broader market, the S&P 500 is down just about 2% right now. This decline being led by consumer discretionary, information technology, and communication services shares, NASDAQ composite is off by about 2.4%. So this move up in yields has strengthened the dollar. We've got the Bloomberg dollar spot index rising for a fourth straight session and a much weaker Euro here down 1% against the greenback at 99 30 U.S. cents. I'm Doug prisoner that's your Bloomberg business flesh. Thank you so much, Doug. Well, Wednesday marks 6 months since Russia invaded Ukraine and that's a much longer time than pretty much anybody thought this conflict would last. And today, hundreds of casualties on both sides are suffered each and every day as progress is measured in yards rather than miles in the eastern part of the country. To bring us up to speed on where things stand right now, we welcome now Daniel fried. He's distinguished fellow at the Atlantic council. Mister freed served as U.S. ambassador to Poland and as assistant Secretary of State for European affairs. Welcome, mister ambas. It's great to have you with us. Let's start with some of the things that really are in the news quite a bit. Most recently, explosions in Crimea, which seem to be quite unexpected by the Russians. And then this car bomb that went off in Moscow, killing the daughter of a prominent conservative leader who is thought to be an ally of president Putin. Are we seeing a new chapter in this war do you think? Your seeing we're all seeing the initiative shift from Russia to Ukraine. No one thought this was possible. The U.S. administration almost all observers thought the Ukrainians would fight very bravely and lose very quickly. They're not losing. The initiative is passing slowly and unevenly over to them, which is astonishing. The pressure is mounting slowly, but steadily on Russia. The Ukrainians have been launching a series of successful attacks deep behind Russian lines in Crimea and another places where the Russians didn't expect the Ukrainians would be able to strike. The Ukrainians say it's special horses, who knows. But the Russians are off guard. There are offensive in the eastern part of Ukraine that done bus has basically stopped. The Ukrainians are making slow progress, but gaining back some territory in the southwest near her son and the Russians seem frankly off balance with the U.S. supplying arms to Ukraine and seemingly increasing those supplies with economic pressure mounting on Russia. So this is fascinating. You mentioned the bombing yesterday. The daughter of Alexander dugan, a kind of far right ideologist and public sort of public intellectual rather than a very influential figure. This assassinations are a feature of Putin's Russia. The Russians have already claimed that this is the work of Ukrainian special operations, but they're claim is ridiculous. They say that they spotted they have identified a woman, a Ukrainian operative who carried out the bombing and left her ID somehow behind for them to pick up. Which identified her as a member of the far right as of Italian or Ukrainian fighting group. That's just nuts. An operative is going to carry out a bombing like drop their ID, conveniently for the Russians to find. This is ridiculous. The U.S. administration, I've learned this morning is assuming that this is some weird Russian Russian source operation. They're not quite sure how, but a Russian group that nobody has ever heard of called the national Republican army has taken credit for it and says it is fighting against the Putin regime. So we don't know what's going on in Russia, but it looks weird and under pressure. The Russians don't look like they're winning. The west looks like it is successfully supporting Ukraine and the Ukrainians are defending their country against all odds. Sorry to go on, but there's a lot to say. He's very smart. It was very informative. Yeah, no, that's exactly what we need from you. Thank you so much, mister messer was doing it. But this is going to virgin to speculation which I should not be doing, but we have seen before president Putin use a tax in Moscow as a reason excuse someone say pretense to take some fairly vigorous, really ruthless action in Chechnya. We saw that with bombings in Moscow. Is there any possibility here that this could be like that? Yes, there's a possibility, but it doesn't feel quite right. That is, if the Russians were looking for some excuse to escalate against Ukraine, wouldn't they rather stage a provocation or a fake a false flag operation against civilian targets? As Putin has done before, why go after Alexander dubin's daughter, that I know what you're saying. And that's possible. I don't know. I'm just not remembering that. No, you're right. And you're remembering what a lot of people are remembering, but it doesn't feel right. It feels as if there's some weird stuff going on in Russia with a lot of Russians very unhappy with the situation Putin has put them in. Prudent promised a quick victory. He expected a quick victory. His whole argument is, the Ukrainians are a brotherly people, in fact, they're the same as us. And if we just knock off this as the Russians claim Nazi Ukrainian elite, the country will welcome us. That turned out to be completely false. The Ukrainians are patriots, they're fighting for their country, prudent expected the west to fall apart, not not happening west is standing firm. I mean, not perfect, but helping out, so that kind of pressure you'd expect would show up in Russia in various ways. They're not winning the war, the economy is hurting. So it seems to me what we're seeing are signs of those pressure, what we don't know is just what's going on. Let me go back on one thing with Trebek, you said, if we believe and I have no reason not to believe the extensive reporting The Washington Post that investigated report last week, looking into intelligence documents, you said president Putin believed promises people quick victory. It sounds like he may have been promised by his intelligence service a quick victory, and yet it doesn't appear he's turned on his intelligence service. That was an excellent piece by The Washington Post, and it confirms, well, flushes out what a lot of us have been thinking for a while. The intelligence service was the FSB was giving Putin's reports he wanted to hear. They were afraid either afraid to tell him the truth or they simply were buying into this line and engaging in a kind of weird circular logic they wanted certain conclusions so they came up with certain conclusions. I think we remember something efficient in our own history. But Putin, I think Putin doesn't want to go against the FSB. Possibly because he's afraid of making committee enemies. Wow. This war was his idea. He wanted this. Do you remember right before the war? Russian television showed a meeting of the security cabinet and they seemed really unenthusiastic about the war ahead of the
TIME's Top Stories
"u.s. administration" Discussed on TIME's Top Stories
"These efforts to publicize Russian soldiers whereabouts have grimly contrasted with previous reports confirmed by the British Ministry of Defense, that Russia has prepared mobile crematoriums to use in the conflict. If I was a soldier, and knew that my generals had so little faith in me that they followed me around the battlefield with a mobile crematorium, or I was the mother or father of a son, potentially deployed into a combat zone, and my government thought that the way to cover up losses was a mobile crematorium, I'd be deeply deeply worried. British defense secretary Ben Wallace told the telegraph. Western officials have similarly adopted pointed rhetoric when referring to the conflict, placing it squarely on one man's shoulders, and a call with reporters on February 26th, a U.S. administration official repeatedly referred to the conflict as Putin's war of choice. When European Commission president Ursula von der leyen announced a new round of crippling economic measures the following day, she also called it Putin's war, and president Joe Biden's address to the nation on February 24th. He also spoke directly to Russians. To the citizens of Russia, you are not our enemy, he said. And I don't believe you want a bloody destructive war against Ukraine. This tone was set by zelensky himself, who in a televised speech on the eve of the invasion spoke directly to the Russian people in their own language. They're telling you that this flame will liberate the people of Ukraine, but the Ukrainian people are free, zelensky said. Ukraine on your TV news and the real Ukraine are two totally different countries. Do Russians want war? I would like to answer that question, but the answer depends only on you. It's unclear what impact these efforts will have, there are indications that morale is sagging among Russian troops on the ground, with some surrendering without a fight, and many running out of fuel and food, a senior U.S. defense official said Tuesday. But the Russian government is still fighting to control the narrative. It has throttled access to Facebook, blocked websites set up by the Ukrainian government, and reportedly ordered media outlets not to use words like attack, invasion, and war. On Tuesday, Moscow moved further to stem the spread of what they called deliberately false information about its invasion of Ukraine, blocking in Russia an independent TV channel and a liberal radio station, and even threatening to block Wikipedia there. Despite those measures, there are signs that the invasion is growing more unpopular, especially with the Russian economy facing catastrophic consequences. And rare and often risky shows of descent, Russian anti war protesters have demonstrated across the country, according to the Russian monitoring group, info. Almost 6000 of them have been arrested. For now, with negotiations stalled and mounting casualties on both sides. It's clear that Ukrainian officials intend to keep trying to get through. Asked if he had a message for Russian soldiers on Sunday. Kyiv mayor vitali Klitschko told the camera, go back home. You have nothing to find here..
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"From New York City with Katie Lyons and Matt Miller I'm Jonathan Ferro Your equity market are 15 advancing about a third of 1% on the S&P and some weight to the record high we posted last week Yields aren't doing much the FX market in G ten at least not doing much either one 48 93 on tens Yields unchanged Euro dollar negative about a tenth of 1% on that currency pair to one 1312 The story of the morning the airlines we're going to build on this in just a moment The stocks are negative in the pre market united down 1.9 doubter down about one and a half percent American softer by 1.53% This headline Caylee just coming from the chief medical adviser to the U.S. administration Doctor Fauci speaking on MSNBC asked about a domestic travel vaccination requirement His response was I think it's reasonable to consider reasonable to consider the words of Doctor Fauci on that requirement Katy just moments ago Yeah and we know that this is something that has been on the table but The White House hasn't actually acted on putting into place something like this but think about the difference between international travel and domestic travel when it comes to U.S. policy John international You have to be vaccinated in order to just get on the plane You also have had to have tested negative with a relatively short time window before your departure For a U.S. departure if you're just traveling domestically U.S. city to U.S. city neither of those things are requirements and when you're talking about a variant of a crime that could be twice or even three times as transmissible on an airplane on the show anything Really No nothing You show up for your flight But hang on so to go to a restaurant in New York City you have to show proof of vaccination or recovery right You don't have to show anything to get on an airplane in America No you just need your ID and your boarding pass And it is a very the difference in policy here I think is very remarkable John And yeah something to consider I would say so Well clearly the number one issue coming into America is the testing requirement You've got to get a rapid test the day before Matt If they went to testing and away from a vaccination requirement if they went to testing would they have enough tests for people to get on airlines right now in this country in the United States of America I think that would be tremendously difficult I am shocked at how ill prepared the United States of America seems to be when it comes to testing because tests here in Germany and I was just in Spain last month are so plentiful They're so easy to get a hold of in terms of home testing kits You can go to testing centers They're on seemingly every block and get a test either for free or for 20 or €30 max It just surprises me that the U.S. hasn't already flooded the market with tests I mean we have the U.S. should have too much of everything right We have gigantic pickup trucks and very cheap gasoline Why aren't we CVS overflowing with free testing kits I don't get any fat They've been overflowing with vaccines in a way that other parts of the world have struggled to acquire So in Europe at the start of rolling out a vaccine they had tremendous difficulty just acquiring enough vaccines to roll out No one has done this perfectly And when I talk about the success of the UK to have enough tests Kelly they've hardly been the poster child for dealing with this pandemic The highlights has been maybe testing in the UK everything else is being fairly questionable Well there are similarities between what the UK and U.S. are doing relative to other Western countries in that they aren't putting back super restrictive lockdown type measures as you're seeing in other places in Germany and Austria for example So that policy is similar but of course then becomes the question of it doesn't necessarily take a mandated government policy for behavior to change sometimes companies businesses are taking it upon themselves And sometimes you just end up with lights canceled anyway because there isn't enough crew because of COVID cases The airlines are focused and the united pulling back on at least 12% of their schedule over the weekend Joining us to discuss some places says Bloomberg's critic with their charter the day money critic Well good morning John well that's actually what we're tackling here because it wasn't too long ago where airlines were the classic not only volatility trade but the classic recovery trade if you were betting on the economy roaring back from the halting of 2020 it was very clear that airlines were how you were going to do it as cruise lines as well but airlines in particular given there was that disposable income that a lot of people want to go see their families in various parts of the country that recovery trade on Well it's faltered a little bit and you can really see that in my chart of the day today which highlights the major U.S. airlines and this kind of uptrend that you see really going until now May or June of this year and then faltering in a lot of this doesn't actually have to do with passenger counts which if you look at the TSA passenger check kind of count it continues to climb gets higher and higher more people considering business travel more people considering travel and leisure broadly but you're not actually seeing that show up in the stock itself and it has a lot of it to do with simply the shortages that you're seeing with flight crews and the variant and on top of that John the massive amounts of debt that some of these airlines have accumulated as recently as last year Is that a trend that holds true for other quote unquote reopening trades creepy Because I noticed that chart kind of seems like a top down in March and that's actually what we saw with a lot of that rotation that we saw starting the year in 2021 and then it rolled over Yeah to your point exactly And you're seeing this in cruise lines I think travel was the best gauge to really look at that and really talk about recovery create faltering to growth in particular Remember one of the major kind of quotes I love to rely on is RBC's Lori calvis and she said that the value to growth trade switches when growth decelerates and that's something that you've actually seen quarter over quarter this year You've seen that growth trade actually drop when it comes to the underlying economy and instead what people are doing are switching to those yielding sectors real estate consumer Staples utilities for example as well as some of those big tech names which we're kind of losing their luster at the start of the year and some of that money flowing out of those classic recovery trades It really begs the question how much of the value trade that's so traditional in post recessionary periods How much of that is in the rearview mirror We were talking with Luke hick Moore from Aberdeen investments this morning who wants to get into airline stocks to cruise stocks Anything that's getting crushed right now by this oh Macron wave I wonder if the if there were a regulation in the U.S. that you had to show proof of vaccination or recovery would that help or hurt passenger counts Does that mean fewer people would fly because they don't want to have to show proof of vaccination or what more people fly because they're confident about flying with a tube full of vaccinated people Yeah well I mean the immediate thought is that it would hurt right Because there's so many other ways to travel We were just talking about in the break about train travel which has really been picking up in the last year In America in America the shocker We do actually have an Amtrak station a very nicely renovated new Penn station that's been getting quite a bit of traffic in addition to the fact the more and more people are buying cars at the end of the day the U.S. is the largest gasoline consuming nation of the world and more and more people are looking to do their domestic travel via road trips via train trips and that could actually affect the bottom line for a lot of these airlines Remember this is the.
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"So far the CDC has approved booster shots for folks over 65 those with preexisting conditions or those who work at jobs with a high risk of exposure The White House confirmed Harris's job duties made her eligible The dataset for a vote to pass a new labor contract between John Deere and the united auto workers on Tuesday UAW workers will vote on a tentative agreement reached between John Deere and the union Dear workers have been on strike since mid October I'm Chris correggio And I'm Susanna Palmer in the Bloomberg newsroom Leaders of the world's biggest economies formally backed an ambitious plan to overhaul the way countries tax multinational companies This in a bid to stem competition for the lowest rates all of the leaders at the group of 20 summit in Rome endorsed the new rules today A senior U.S. administration official traveling with president Joe Biden earlier called the plan and historic reshaping of the rules for the global economy that will force corporations to pay their fair share of taxes The U.S. and the European Union have concluded a trade truce on steel and aluminum that will allow the allies to remove tariffs on more than $10 billion worth of their exports each year Negotiators reached an agreement Today as they work to balance market demands and climate change according to national security adviser Jake Sullivan he was speaking on the sidelines of the group of 20 summit in Rome Vaccination rates among New York City's police fire and sanitation departments rose as workers faced possible suspension on Monday The city is bracing for gaps in public health and safety with tens of thousands of essential public workers still not vaccinated under the mandate imposed by marital de Blasio New York Times reports New York police department as saying it's vaccination rate has risen to 84% up from 79% on Thursday The fire department's numbers rose to 77% from 69% the day before amid complaints of trash already piling up on city sidewalks the rate for sanitation workers rose 9% According to city hall spokesman Mitch Schwartz the number was 67% on Thursday Most city workers were required to receive a first dose by Friday afternoon but were allowed to work through the weekend presumably leaving more time for vaccination Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg You're listening to balance and power with David Weston on Bloomberg radio Bloomberg reported this week that the Treasury Department and other agencies will give the green light to a plan for the SEC to take the lead role in regulating stable coins something Cher Gary gensler has been pushing for likening the coins to bank deposits that have to be backed up by reserves to explain the move and how it fits into the larger issues in regulating cryptocurrencies I talked to Todd Zimmerman of Superman compliance services The SEC is sort of drifted into this area in the past It doesn't seem like this would be this kind of congressional action If it's security the SEC has the authority to regulate it I guess that could be challenged but I think it's pretty clear I think I'm pretty solid ground here Is the basic idea here for stable coins which are as I understand tied to a Fiat currency that in fact there are reserves that basically are reasonably liquid to back it up because that's the promise as I understand it of the stable coin That's how it's supposed to work Now how that exactly will work is a little unclear which currency is backed up and where that will be held And ultimately who's going to be the party on the hook to the extent that you have a breaking of the valuation Is this like money markets essentially That's how I understand it So money markets with a crypto overlay Yeah I think that's exactly right So this would be one step in that direction Maybe not requiring congressional action What else needs to be done Because these are just stable coins we're talking about For example Bitcoin would not be covered by this as I understand it Yeah I think look there's a lot going on in the crypto space As I'm sure you're all aware the SEC finally approved a Bitcoin futures ETF fund the pro shares fund which is done very very well A lot of demand for that And then there's a lot of pushing for additional crypto funds those that potentially will invest in future invest directly crypto The SE isn't there yet I think the future is fund is testing the market but some of the concerns with investing in futures are solved as opposed to investing directly in the cryptocurrency things like valuation and liquidity It's much more difficult in a direct investment And that is because with respect to futures as opposed to the underlying Bitcoin or other cryptocurrency there is a regulatory level inserted because of the futures right I think that's part of it The futures market is a fairly well established market It's regulated futures prices are regulated So I think the SEC is more comfortable with that and obviously Gary Gonzalez used to run the CFTC So he is not a new fight when it comes to the futures market I think the commission and many people in the market are just less comfortable with direct trading and the coins themselves although we're moving in that direction There's no question about it Talk about some of the other issues that would not necessarily resolve just by making sure that a stable coin is backed up by.
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"History The 1980s police drama cagney and Lacey depicted one of York's many firsts as half of a female homicide investigative team chief of police Michael Moore points out York joined policing at a time when police women were faced with seemingly insurmountable obstacles Her husband former Judge Lance Ito said York suffered a series of illnesses before her death She passed away October 17th at the age of 80 Edo gained fame as well as the presiding judge in the O. J. Simpson double murder trial I'm Scott Carr Salem Massachusetts is bracing for huge crowds this Halloween the public was discouraged from visiting the home of the infamous Salem witch trials last year because of the pandemic face masks must be worn indoors even with costumes People attending large gatherings will be required to show proof of a recent negative coronavirus test regardless of their vaccination status I'm Chris correggio And I'm Susanna Palmer in the Bloomberg newsroom Leaders of the world's biggest economies formally backed an ambitious plan to overhaul the way countries tax multinational companies This in a bid to stem competition for the lowest rates all of the leaders at the group of 20 summit in Rome endorsed the new rules today A senior U.S. administration official traveling with president Joe Biden earlier called the plan and historic reshaping of the rules for the global economy that will force corporations to pay their fair share of taxes The U.S. and the European Union have concluded a trade truce on steel and aluminum that will allow the allies to remove tariffs on more than $10 billion worth of their exports each year Negotiators reached an agreement today as they work to balance market demands and climate change according to national security adviser Jake Sullivan he was speaking on the sidelines of the group of 20 summit in Rome Vaccination rates among New York City's police fire and sanitation departments rose as workers faced possible suspension on Monday The city is bracing for gaps in public health and safety with tens of thousands of essential public workers still not vaccinated under the mandate imposed by marital de Blasio New York Times reports New York police department as saying it's vaccination rate has risen to 84% up from 79% on Thursday The fire department's numbers rose to 77% from 69% the day before amid complaints of trash already piling up on city sidewalks the rate for sanitation workers rose 9% according to city hall spokesman Mitch Schwartz the number was 67% on Thursday Most city workers were required to receive a first dose by Friday afternoon but were allowed to work through the weekend presumably leaving more time for vaccination Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg.
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"Overhaul the way countries tax multinational companies This in a bid to stem competition for the lowest rates all of the leaders at the group of 20 summit in Rome endorsed the new rules today A senior U.S. administration official traveling with president Joe Biden earlier called the plan and historic reshaping of the rules for the global economy that will force corporations to pay their fair share of taxes The U.S. and the European Union have concluded a trade truce on steel and aluminum that will allow the allies to remove tariffs on more than $10 billion worth of their exports each year Negotiators reached an agreement Today as they work to balance market demands and climate change according to national security adviser Jake Sullivan he was speaking on the sidelines of the group of 20 summit in Rome Vaccination rates among New York City's police fire and sanitation departments rose as workers faced possible suspension on Monday The city is bracing for gaps in public health and safety with tens of thousands of essential public workers still not vaccinated under the mandate imposed by marital de Blasio New York Times reports New York police department as saying it's vaccination rate has risen to 84% up from 79% on Thursday The fire department's numbers rose to 77% from 69% the day before amid complaints of trash already piling up on city sidewalks the rate for sanitation workers rose 9% according to city hall spokesman Mitch Schwartz the number was 67% on Thursday Most city workers were required to receive a first dose by Friday afternoon but were allowed to work through the weekend presumably leaving more time for vaccination Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg This is masters in business with very little on Bloomberg radio My extra special guest this week is Lisa Jones She is the CEO of a Monday U.S. the $100 billion U.S. arm of Europe's second largest asset manager on Mundy a Mundy proper manages over $2 trillion in assets than one of the ten largest asset managers in the world with over a 100 million clients in 36 countries about 4500 employees Lisa Jones welcome to Bloomberg Thanks Barry thanks for having me here today My pleasure I've been looking forward to chatting with you for a while I think of a Monday as really one of the largest asset managers that a lot of people especially in the U.S. haven't heard of But before we get to a month let's talk a little bit about your early career experience You come out of Trinity College with a bachelor's in economics and you start at MFS investment management tell us a little bit about your early experiences in the industry So you know I've been working for 30 years So when you say to me about your early experience because I'll make sure we don't go on for so long But actually prior to MFS I started working at EF button for those of your listeners who remember EF Hutton Trinity has been Hartford and at that point in time you went to New York or you went to Boston and I was from Boston so I wanted to take a shot at working in New York City And I started working for EF Hutton and work there for a few years really worked there through the crisis of 1980 the stock market crash in the late 1980s and started in customer service of the brokerage accounts where shareholders wanted to call and ask questions and get some answers It was a great introduction into being an a client facing role And so from there I went to work at MFS in Boston and I joined MFS in 1988 I joined MFS as a wholesaler covering the bank channel the territory was the northeast and back then in the bank channel the northeast was really main down to Virginia And it was in the early days where beyond bank trust departments banks were beginning to have licensed investment professionals sit in their lobbies to offer alternatives to banking customers And that was my first experience working at MFS as a wholesaler I then as the time went on began to become in-house more in a management role in assuming responsibility for running the bank channel after MFS and keep in mind as we think about the world of investing today and talking about low interest rates This is a period of time when CDs were double digit Treasuries were double digit And so it was a quite a different environment for selling investment products in yields event at that point in time So is that if a fast for a total of 16 or so years xyosted spent some time on the institutional side running the global institutional business for emphasis at that time So let's talk a little bit about that global institutional business eventually you end up as global head of distribution at Morgan Stanley's What enabled you to climb to the top of that ladder and how different is institutional and distribution from what people typically think of as individual investing So today I would say that those lines between the two groups are blurring But let's go back to the point in time of when I transitioned from what we would call the kind of retail or the distribution side to the institutional side Being responsible for running the bank channel at that time I was engaged with the bank trust departments and they would be hiring.
Bloomberg Radio New York
"u.s. administration" Discussed on Bloomberg Radio New York
"Issue Bloomberg businessweek Wait day afternoons at two eastern These are retailers that have been On everybody's radar Those Apple numbers continuing to come in on Bloomberg radio the Bloomberg business app and Bloomberg radio dot com World leaders meeting at the G 20 summit are attending dinner as the Rome summit wraps up Earlier today they handed President Biden a win by endorsing his global tax proposal Leaders from 20 countries with the largest economies signed off on Biden's call for a 15% global minimum tax on corporations A large percentage of unvaccinated workers say they would rather quit their job than get vaccinated A Kaiser family foundation survey found 72% of workers said they would leave their work if they were ordered to get a COVID vaccine That number dropped to 37% of the workers were offered the option to get tested instead of vaccinated about three fifths of those surveyed noted they would apply for a medical or religious exemption Three people are dead in one seriously injured after an Amtrak train slammed into a vehicle early today at a crossing in South Carolina The North Charleston fire department says the crash happened about two 30 this morning at the remount road crossing Officials say the train was carrying about 500 passengers and none of them were hurt That's the latest I'm Julie Ryan And I'm Susanna Palmer in the Bloomberg newsroom Leaders of the world's biggest economies formally backed an ambitious plan to overhaul the way countries tax multinational companies This in a bid to stem competition for the lowest rates all of the leaders at the group of 20 summit in Rome endorsed the new rules today A senior U.S. administration official traveling with president Joe Biden earlier called the plan and historic reshaping of the rules for the global economy that will force corporations to pay their fair share of taxes The U.S. and the European Union have concluded a trade truce on steel and aluminum that will allow the allies to remove tariffs on more than $10 billion worth of their exports each year Negotiators reached an agreement today as they work to balance market demands and climate change according to national security adviser tok Sullivan He was speaking on the sidelines of the group of 20 summit in Rome Vaccination rates among New York City's police fire and sanitation departments rose as workers faced possible suspension on Monday The city is bracing for gaps in public health and safety with tens of thousands of essential public workers still not vaccinated under the mandate imposed by marital de Blasio New York Times reports New York police department as saying it's vaccination rate has risen to 84% up from 79% on Thursday The fire department's numbers rose to 77% from 69% the day before amid complaints of trash already piling up on city sidewalks the rate for sanitation workers rose 9% According to city hall spokesman Mitch Schwartz the number was 67% on Thursday Most city workers were required to receive a first dose by Friday afternoon but were allowed to work through the weekend presumably leaving more time for vaccination Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg You're listening to balance and power with David Weston on Bloomberg radio Bloomberg reported this week that the Treasury Department and other agencies will give the green light to a plan for the SEC to take the lead role in regulating stable coins something chair Gary gensler has been pushing for likening the coins to bank deposits that have to be backed up by reserves to explain the move and how it fits into the larger issues of regulating cryptocurrencies I talked to Todd Superman of Superman compliance services The SEC is sort of drifted into this area in the past It doesn't seem like this would be this kind of congressional action If it's security the SEC has the authority to regulate it I guess that could be challenged but I think it's pretty clear I think I'm pretty solid out here It is the basic idea here for stable coins which are as I understand tied to a Fiat currency The fact that there are reserves that basically are reasonably liquid to back it up because that's the promise as I understand it of the stable coin That's how it's supposed to work Now how that exactly will work is a little unclear which currencies will back it up and where that will be held And ultimately who's going to be the party on the hook to the extent that you have a breaking of the valuation Is this like money markets essentially That's all I understand Money markets with a crypto overlay Yes I think that's exactly right So this would be one step in that direction Maybe not requiring congressional action What else needs to be done Because this is just stable coins we're talking about For example Bitcoin would not be covered by this as I understand it Yeah I think look there's a lot going on in the crypto space As I'm sure you're all aware the SEC finally approved a Bitcoin futures ETF fund the pro shares fund which is done very very well A lot of demand for that And then there's a lot of pushing for additional crypto funds those that potentially will invest in future and most of them invest directly crypto The SE isn't there yet I think the future is fund is testing the market but some of the concerns with investing in futures are solved as opposed to investing directly in the cryptocurrency things like valuation and liquidity It's much more difficult in a direct investment And that is because with respect to futures as opposed to the underlying Bitcoin or other.
The CyberWire
"u.s. administration" Discussed on The CyberWire
"And that's the cyber wire for tall. Today's stories check out our daily briefing at the cyber wire dot com. If you need some companionship while you're puttering around the house this weekend checkout research saturday and my conversation with daniel cats from norton lifelock. We'll be discussing. Their research. Encrypted chat apps doubling as illegal marketplace's. That's research saturday. Check it out. The cyber wire. Podcast is proudly produced in maryland out of the startup studios of data tribe. Where they're co- building the next generation of cybersecurity teams and technologies are amazing. Cyber wire team is elliott peltzman through precaut- justin sabe. Tim no dr joe kerrigan curl -tario and yellen. Nick valenki gina johnson bennett. Mauve press russell. John patrick jennifer ivan. Rick howard peter kill beef and i'm dave bittner..
The CyberWire
"u.s. administration" Discussed on The CyberWire
"And joining me. once again is entry a little embargo. She is vice president of research and analysis at in taras andrey. it's always great to have you back I wanted to check in with you today on. I think what we perceive as being a growing trend of government access to data And this whole notion of do governments need back doors or not. What can you share this today. I completed a study looking at the country level. What governments are doing in the area of mandating government access to data. And so you can think of on one hand now. We hear awful lot every single day about you. About government's hacking into other systems and going in illegally but for across the globe really starting to see a growing trend of governments basically putting within their cybersecurity and internet laws the mandate that they can access data when they want to and it rained. I and there's a whole spectrum of from very well codified ruled law. We need to have access when you show a warrant and win. We want to have access within very discreet circumstances to basically you non-transparent if a government comes through a company that is based in that country and says we need this data. you're required by law to turn it over and so it has huge private sector implications. And that's you want aspects that. I really wanted to look at was as the private sector is starting to think about where they're located across the global in different ways than they used to previously. You're looking at how. The regulatory frameworks those countries should impact. Decision i look at this. Get another cyber risk when thinking about your global footprint so it is something that is growing with with more and more countries starting to require that kind of access and to be clear here. I mean we're talking about democracies right. I mean different democracies are treating this in different ways. So it's all it so it's across the board. And that's where i'd say so on the one hand if democracies that are not at all allowing a lot of this or if they do. It's in various scalpel. very transparent. all the way over to china has their law. That would actually was interesting that the us national counterterrorism or counterintelligence and security center actually tweeted about china's laws on if your company and your base in china here's some legal framework to be aware of as far as their security laws require access to that data. And so. I think it's actually interesting that we have counterintelligence aspects of our government warning about other countries laws and access to but those are the extremes but within the last few days mauritius which is a fairly solid democracy. He'll like on the freedom house and other kinds of democracy scales. They're pretty solid democracy and they just announced they're exploring basically putting a certificate on all the laptops to do sort of like a man in the middle kind of access to encrypted data and decrypted and having complete access across the board if they want to whereas in mauritius. Wow so that's one of the ones. That kind of is a striking out liar because it is a fairly solid democracy. But then it's taking in these tools authoritarian playbook and that's what we see more and more. We see these tools being brought in. India is another good example. Where you have this push towards greater data protection for the same time internet blackouts more surveillance going on in greater concerns about those kinds of information access and control and so it's really something absolute keep an eye on on when we talk about. The regulatory frameworks that are going on. We often think about data privacy laws and that's great those are absolutely something that for companies and governments be aware of but they're the reverse is true where you know under the auspices of greater security national security and so forth. You may have to turn over your data and it's not just your data. It's not just you know asking here and there for perhaps for like social media access and passwords and so forth times source code. That's in russia as the source code requirement and so companies have had to do that and so that's it diffuses across the globe and i think that's probably one of the more troubling aspects of it is in these models in these tactics. Don't just stay within within the or anything you think about your china. Russia north korea are on those tactics. Released are starting to get adopted elsewhere. In vietnam has a very strict cyber-security law passed in twenty nineteen for much larger surveillance forcing governments and companies to comply with data access when approached kazahkstan news. Back to stand there is a growing number that are really starting to apply a whole range of tools. Some of its for censorship and some of it is is for greater surveillance but then the day for private companies. That are doing business in that those parts of the world another risk. They need to be aware of brian. How much of this for a global company who has You know their hand and businesses around the world. How much of this is based on geography. And how much is this is based on sort of citizenship. You know Gdp are famous leagues reaches out to european citizens regardless of where they are yup. Yeah that's a good question for is within their own territory. Only and so. That's what you to the notion of digital sovereignty or cyber sovereignty where the government's control of information within their own borders. What we're seeing this recently. We'll see what happens with china and their companies. They're forbidden as well. Now they're foreign companies for trying over data abroad and so it's almost the reverse going on to now so today is for control in so for our you. It's protecting their citizens. Since the flip side of it i of these other countries. It's really just a complete information control. As far as they possibly can buy with with a focus really on their own within their own domestic borders. And then that's the argument and the concern really is not only that it's going on there in that other countries may dopp that kind of model. There's also these countries are also taking having bigger power. Some international organizations that shaped the standards and norms and so you see hear about the push for cyrus sovereignty of the un for example for pushing for more of these of norms that allow governments do whatever they want within their borders have complete access and so forth all in the auspices of of sovereignty. When really it's for controlling the narrative in control and information and if those are the kind of norms and laws that are you know the policy game pass it the does that also becomes troublesome. Yeah i'm imagining an extreme situation where we start seeing data centers being installed in embassies. Well i mean that's a big issue where we're the data centers are right. I mean that's it has huge implications for the data centers. Especially when you start.
The CyberWire
"u.s. administration" Discussed on The CyberWire
"Are actually at home versus those who are in the office so there's lots of factors to in this new hybrid world. That's leon gilbert from unisys. There's a lot more to this conversation if you want to hear more head on over to cyber wire pro and sign up for interviews selects where you could access to this.
The CyberWire
"u.s. administration" Discussed on The CyberWire
"Coming out of the pandemic workplace. Conversations are shifting to office reopenings. Who's coming back. And how often and many employees report. They like the flexibility of working from home and having more control over their schedules. The folks at unisys recently published results from their latest digital workplace insights report which looks into these issues leon. Gilbert is senior vice president and general manager of digital workplace services at unisys and he joins us with their findings. The creation of the report ready came from. Where is the world going post kovin. I we all knew that eventually You know the vaccine would come along and we wanted to sponsor this report to say okay. We'll at west. The world going to go with regards work. What are people gonna do after you know. The vaccine is complete and people start to think about what does work look like going forward so that was. That was all rationale for thinking about you know. Let's let's do this piece of research and let's think about what what is next for for digital workplace in and next for employees of companies. Yeah i mean it's an interesting report for sure. One of the things that struck me was More than once there's Some disconnects between what the employers are saying are important to them and what the business leaders are saying are important to them or or at least how. They're coming at some of these questions. Can you take us through some of those things that you found yano. I think it's it's a very valid question you know. I think you look at some of those responses where you see the business. The business leader says one thing and the employee says something else. But i think there are some as well Dave where there is a. I would say there's a correlation but there are. There are absolutely some way. You know if i take for example one of them wear i think fifty one percent of business leaders and seek buh buh sixty. Four percent of employees agreed. That work location schedule is most conducive to family life and an ideal experience right. Spur only fifty percent of those business leaders but sixty four percent of the employees so there is definitely a a gap there. I think if i think about this a more holistic basis i think the race for talent in this global economy is huge and business leaders. Really start to need to start to really understand what their employees are looking for And what what benefits and that actually benefits them. It's no longer just a monetary discussion in my mind. I was reading something yesterday. That the you know that said that i think people are even with a thirty thousand dollar salary increase. They would rather actually work from home than actually get the monetary increase which i found astounding when i sat back and thought about it but actually it's true. I think people have found that they haven't skipped a beat since they've actually been at home. Which is which has been hugely beneficial for companies. And i think it's opened a lot of people's eyes out but there is still some some thought process there that people have to be in the office for me. Dave i think it is a it is a mix right. You're going to get what. I would tim a hybrid. Where you have some many office some home and you maybe two days on three days off and i think that that also benefits both employee and employer and i think that's that's where i see this industry. I see the economy in the world going. Yes sure you're going to get some companies where it's five days a week back in the office thinking about banking financial institutions. But others. right. I think will be a lot more flexible. And they should be if they want to retain and attract talent. Yeah some of the other findings in the report that were particularly interesting to me. Were you focused on communications between employers and business leaders and how both of them value communication but You know some some. It seemed like the leaders were having a little more challenged with communication than some of the employees were. Yeah i think you know with the with the advent of you know audit the of what. We tend to collaboration and communications tools. Let's just take zoom as an example right. Zoom isn't just about token to your grandmother and doing fitness classes. Right is it to me. It's about impo. it's you know it's the way that people have learned to communicate through this pandemic. And but i think it's the way that people will start to to priority will will communicate going forward whether it sumo other platforms teams example to to to me and to us as an organization. What is crucial is that the companies need to start thinking about. What is that experience right is. What is that. The two people on left in a in a disparity right. We won't digital parody but we also want experienced patty thing that was one thing that we saw during the research is important to us is around the experience parity. And and whether you're in an office whether your home that you are you have that same experience of of those tools and you know in how you start to. You know you don't want it where if you're in the office you know it doesn't work as well as home one thing. We have to remember dave when people start to go back to the office and starts uses tools. Many offices weren't built for two hundred people said neon video right so the networks necessarily strong enough. If you think about that so it's companies are going to have to start thinking about their way. How do they measure that. And does that cause a disparity between.
The CyberWire
"u.s. administration" Discussed on The CyberWire
"Especially of offers of early free or pirated of the flick. Movies aren't distributed via execute ables attached to an email nor does watching one normally require you to reveal your name address passwords. Grandmother's maiden name so as always fewer beware and now a word from our sponsor barracuda a year ago. Your business may have been part of that. Massive shift to remote working employees ever since cybercriminals have been working overtime now. They're leveraging activity around the kobe vaccine.
The CyberWire
"u.s. administration" Discussed on The CyberWire
"We begin with an update on our evils exploitation of casillas. Visa cassia cto. Dan timpson posted a video late yesterday afternoon. In which he provided a high level overview of the steps the company was taking to fix the problems with its visa software whose modular design he credited with helping limit the scope of the attacks by our evil timpson made a point of listing. The organizations co-ceo was working with as it responded to the ransomware attack mandate including its affiliate fire. I the f. b. i. Cisa and dvd as well as with partners customers and researchers cassia has fixed the vulnerabilities in both on premise and cloud versions of visa. He said documented the updates and had them peer reviewed by the partners. The company has engaged a post on. Casillas site indicates that patches for vsa's on premises version are still scheduled for release this coming sunday july eleventh at four pm eastern time. That's also when kosei intends to begin deploying the fixes to its visa software as a service infrastructure. There's some question as to how successful the responsible are evil. Affiliate has actually been this time around. It's clearly succeeded at infecting both direct customers of cassia as well as those customers customers the downstream victims of anthem party risk. The wall street journal reports that ransomware infestations connected with the exploitation of kosei had by yesterday been found in six european countries. The record reports that kosei as president and general manager for emc a ronin kirby addressing a meeting convened by belgium's cert- those six countries where the uk the netherlands germany sweden norway and italy. Eight of the sixty direct customers by the campaign are in europe. Kosei still thinks there are between eight hundred and fifteen hundred total downstream victims. That is customers of the msp's who used casillas visa. But it's not clear how well the extortionists have actually done in collecting the ransom. They demanded bleeping. Computer has found only two victims who've paid any ransom at all and so concludes that the responsible are evil. Affiliate is unlikely to get the big payday. They're hoping for our evil went after the software itself the better to cast a broad net and so passed up the now customary. Step of wiping or encrypting backups. So the victims may have simply opted to restore from backups. And bite the bullet on any doc. Seeing that may develop later unless of course there's some under the radar gofundme campaign that's quietly raising the fifty million dollars. The bad guys want no. That's that's not gonna happen. A us response to the ransomware campaign remains under consideration security week rights that the us administration faces pressure to do something about our evils campaign. And it's clear that doing something increasingly means taking a whack at russian interests with us military organizations doing a. Good bit of the whacking. The pentagon has been circumspect about what might be called upon to do a defense department spokesman on tuesday declined to discuss specific. Us cyber command capabilities plans or infrastructures. The spokesman said quote. We are all mindful of these growing threats to national security as well as to civilian infrastructure we believe a us response to those threats has got to be whole of government and quote as opposed to a purely military response in this case whole of government would probably mean especially the intelligence community and the departments of state justice treasury and commerce. More coverage of this incident can be found on our cyber wire website recorded futures insect group reports finding what appears to be a chinese cyber espionage campaign active against targets in nepal taiwan and the philippines the threat group which recorded future track says threat activity group twenty two tag. Twenty two is interested in telecommunications academic research and development and government organizations in the three countries. It's also taken an interest in an airport and a university located in hong kong. The researchers believe tag twenty two used compromised glass fish servers and cobalt strike for initial access subsequently switching to its own bespoke back doors for long term persistence. They see some overlap with other activity. Other research groups have tracked in particular the infrastructure and the malware used against targets in hong kong are significantly similar to win t. group activity reported by e set and ntt group. There are also some commonalities with the operation against the mongolian certificate authority. Mon- pass that avast described especially the deployment of cobalt strike the shadow pad and windy back. Doors that we're used to establish persistence have been used by the operators fireeye calls abt forty one and that microsoft calls barium. Windy has been a particular favorite of contractors working for china's mss. It's ministry of state security. The different operations have different objectives. But the campaign against targets in taiwan seems most clearly focused on industrial espionage pursued in the interest of furthering beijing's economic goals. Microsoft has issued a clarification regarding the patch issued this week for the cd. Twenty twenty one. Thirty four five. Twenty seven windows prince buhler vulnerability. That's print nightmare redmond says. The patch is working as designed and urges users to apply it. The microsoft security response center investigated reports that the patch was ineffective and concluded that quote all reports we have investigated have relied on the changing of default registry settings related to point and print to an insecure configuration unquote and finally devotee as of the marvel universe. Are you looking forward to the new black widow movie. It premiers today you know. Of course you know movie goers we are not judging. There's no shame in being a fan. Some of us may already have our tickets but use caution and discretion when you enjoy tech republic and others are circulating a warning courtesy of kaspersky. That scammers are baiting. Their hooks with a lot of black widow bait steer clear.