22 Burst results for "Ubs Group"

"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:24 min | 2 weeks ago

"ubs group" Discussed on Bloomberg Radio New York

"From Bloomberg television. Here's Anna Edwards. Joining us now, Maria van Mayer joins us state street global markets senior multi asset strategist. What kind of lag do you think fed policy operates with Maria? I mean, people are talking about maybe a 6 month lag, but there are some voices talking about a year a year or two lag in fed policy, which makes it very difficult to set direction. What do you assume? Because we had quite a long period of very, very low interest rate. I think the lags with which monitor policy operates have become quite a lot longer. Because what happened in the last couple of years is that a lot of consumer were able to, I mean, U.S. has a wonderful 30 year fixed mortgage rate. So a lot of consumers have refinanced the mortgages, lots of corporates have issued a lot of that. So interest rates is wireless, they refinance. They don't get rushed to the market to borrow. So that makes us think that the lags have actually very much increased. What is really interesting, since the duty of financial markets to interest rate has actually increased as well. So central banks have a raising rate, that affects equity valuations, financial market kind of dislocations, very very significantly. But it affects real economy a lot less. If I break down total returns, I can see that the majority and all of the decline comes from multiple compression while earnings are still somewhat okay. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app. Or check your local cable listings. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app and that Bloomberg quick tape. This is a Bloomberg business flash. And I'm Cameron Moscow, European stocks are higher U.S. stock index futures are lower amid caution and global markets ahead of the Federal Reserve interest rate hike, European energy and mining stocks are rallying with oil and metals while retailers and banks fall after disappointing reports from Walmart and UBS group. We check the markets every 15 minutes throughout the trading day on Bloomberg. Right now S&P futures are down ten points, down features done a 119. NASDAQ futures down 36, the Dax in Germany is down three tenths of upper set. Ten year treasury of four 30 seconds yields 2.77%, they yield on a two year 3.01%. Nymex crude oil is up 1.8% of a dollar 77 at $98 45 cents a barrel. Comex gold is up a tenth of a percent of a dollar 50 at 1738 60 ounce. The Euro is at 1.02 against the dollar British pound 1.2024, and the yen is at one 36.57. Looking at Bitcoin, it's down almost 5% at $21,080. That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael good morning. Good morning, Karen. Former president Donald Trump will return to Washington today for the first time since leaving office. Trump will address the America first policy Institutes today's summit. He's expected to announce a 2024 White House campaign. House speaker Nancy Pelosi's staff and security officials aren't ruling out plans for her to visit Taiwan in early August. The possible trip is already stoked more U.S. China tensions. In baseball, the Red Sox beat the guardians three one, the Orioles down the rays, 5 one, the nationals beat the Dodgers for one, the a's down the Astros

Bloomberg Anna Edwards Maria van Mayer Bloomberg television UBS group Maria U.S. treasury of four Michael Barr Moscow Cameron Federal Reserve
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 4 months ago

"ubs group" Discussed on Bloomberg Radio New York

"Products and services This according to trademark attorney Michael conduce shares of meta platforms apparent of Facebook their down right now by just about 9 tenths of 1% The government reports new home sales dropped for the second month in a row in February the Davis suggests high prices and rising interest rates are causing problems The median sales price is running at $400,000 Mortgage applications down again falling for the 6 week in 7 The Federal Reserve has raised its benchmark interest rate to last week to fight the worst inflation in 40 years and signaled more tightening this year And UBS group will allow some of its American employees to work remotely full-time offering flexibility to staff as it seeks to lure and retain talent The president of UBS America's Tom narrator says the Swiss bank expects about 10% of its workers in the U.S. to go remote as the program is implemented in phases starting with the wealth unit So while it is a down day on Wall Street European stocks paused after their longest winning streak since November S&P lower after clawing back half of its decline since January benchmark ten year treasury holds nudging lower to around 2.35% after surging to highs unseen since mid 2019 So again recapping it is a down day on Wall Street S&P down 7 tenths of 1% I'm Charlie pellett That's a Bloomberg business flash Bloomberg opinion informed perspectives and expert data driven commentary on breaking news It is time now for Bloomberg opinion.

Michael conduce UBS group UBS America Tom narrator Swiss bank Davis Federal Reserve Facebook government U.S. Charlie pellett Bloomberg
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:56 min | 9 months ago

"ubs group" Discussed on Bloomberg Radio New York

"All the money sees by the services criminal investigation unit over the past fiscal year was cryptocurrency Brian shook reports The unit recovered $3.5 billion in crypto over the fiscal year which equals to 93% of overall seizures This comes as crypto has become the main form of payment in criminal related cases from which the agency sees money Most of the $3.5 billion is from a select handful of high profile cases The IRS said next year the agency could seize even more cryptocurrency than this fiscal year I'm Bryan shook A New Yorker is netting tens of millions of dollars for a first edition copy of the U.S. Constitution Jim Forbes has the details Dorothy tapper sold it for more than $43 million through an auction on Thursday The new owner remains a mystery Seth of he says it's one of only 13 surviving copies of the constitution from the first printing and believed to be a record high sale for any document Sotheby says the money will go toward the foundation named after tapper that promotes the understanding of democracy I'm Jim Forbes President Biden on Friday upheld a long-standing White House tradition by pardoning a Turkey before Thanksgiving Peanut butter and jelly were selected for the two turkeys The one named peanut butter got the official pardon while jelly became the understudy Both birds will live out their lives at Purdue university in Indiana Biden noted that pardoning Thanksgiving turkeys dates back to the Truman administration Martin Scorsese is making a film about the Grateful Dead The untitled biopic will star Jonah Hill as Jerry Garcia the last time he worked with Scorsese in The Wolf of Wall Street he earned an Oscar nomination for best supporting actor Hill and Scorsese will also be producing the film for Apple the Grateful Dead's bob wear Phil Lesh Mickey Hart and Bill kreutzmann will serve as executive producers on the film I'm Julie Ryan And I'm Susanna Palmer in the Bloomberg news room Two of Europe's banking giants picked the leaders who will help them navigate their next era UBS group today nominated former Morgan Stanley president colm Kelleher to succeed axel Weber as chairman next year A day earlier Deutsche Bank proposed a Dutch insurance veteran Alexander wyden's four chairman replacing Paul ack leitner Patrick Orlando whose status as an operator of blank check firms skyrocketed last month when he reached a deal to bankroll former president Donald Trump's media company is scrapping one of his earlier ventures for hunting such transactions Orlando's special purpose acquisition company Yong Hong international plans to dissolve and liquidate It will redeem public shares at 10.31 cents apiece that according to a regulatory filing on Friday Yong Hong based in Wuhan China basically said it couldn't drum up enough business ahead of a deadline in the company's by laws Milk output in the U.S. is on an historic week streak potentially signaling climbing costs for dairy products More from Bloomberg's Charlie pellet Production per cow was less than a year ago for the third month in a row according to government data the last time that happened was more than 20 years ago according to Nate Don a director of dairy market inside its StoneX Group He says farmers are probably feeding their animals less the cost of grains like corn is soaring because of drought storms and robust demand labor and energy costs are also more expensive It's all hurting farmers bottom lines making it more difficult to afford feed Charlie pellet Bloomberg radio Amid the inflation surge that's rippling through the U.S. economy one of the more obscure products seeing a surge as the price of firewood Talked to firewood vendors in state after state and they'll all tell you the same thing sales are booming on the eve of winter and prices are soaring Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This.

Jim Forbes Brian shook Dorothy tapper Biden Grateful Dead The untitled bio Scorsese Bill kreutzmann Susanna Palmer Julie Ryan colm Kelleher axel Weber Alexander wyden Paul ack leitner Patrick Orlan seizures Sotheby New Yorker Jonah Hill
"ubs group" Discussed on 600 WREC

600 WREC

03:10 min | 2 years ago

"ubs group" Discussed on 600 WREC

"Found here get well road also exited clearing minimal slowing at Perkins road north bound north of popular in a collision here two cars involved as police assessed a get well roads out that it rains when Charlie still with your met this total traffic for victims of drunk and drugged driving our grief is unique but you are not alone you always have a place at mad call our twenty four hour victim help line at eight seven seven Matt help or visit mad dot org this is a box thirteen weather update of a thirty meter all just pretty post pictures are on the rise this afternoon highs we come to the upper thirties with mostly sunny to partly cloudy skies and breezy at ten miles per hour the next several days and be tracking rising temperatures are rising rain chance for Thursday your full forecast of five hi Jim just go with your money now the past year saw the week is the global growth two point nine percent since the financial crisis but we should see a bit of a rebound this year the International Monetary Fund predicts that global gross domestic product will expand by three point three percent here in twenty twenty thanks to last year's aggressive monetary policy moves and easy W. S. China trade tensions the stock market seems poised to close out the first day of the holiday shortened week with moderate losses just ahead of the closing bell the Dow Jones industrials are down one hundred seventy points the nasdaq down twenty the S. and P. five hundred down just ten points Switzerland UBS group fell fell short of its twenty nineteen financial targets with both profit and revenue declining from the previous year the banking giant also lowered its goals for the current year through twenty twenty two citing challenging market conditions UBS shares slumped five percent oil futures finished slightly lower today February crude slipping twenty cents that's your money now Americans are always on the move they're in their car there at the office or working around the house America's refused to sixteen so how do you connect with all those moving targets easy with radio the radio reaches ninety three percent of Americans every week more than Google Facebook even television because Hey it's time to sit and watch TV so when you want to connect with all those constantly moving adults teens and millennials get to I heart media dot com and put HIM FM radio to work for your company the Sabres the skippers V. I brought my lunch orders to the one pliers the D. I. Y. yours the why when I fly when I can just drivers we see you working hard to achieve your financial dreams that's why credit karma savings works just as hard as you do with a great high yield savings rate and no fees or minimum to open ever credit karma savings whole whole new way to save starts here start.

"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 2 years ago

"ubs group" Discussed on Bloomberg Radio New York

"Are dead thirteen hurt more than thirty are homeless NASA says Boeing starliner is in a stable orbit and on track to land in New Mexico tomorrow after a software problem kept the spacecraft from achieving docking with the international space station bullies can children says the test astronaut capsule is still promising in space starliner is proving to be an but you know I naval vessel she is performing great and we are looking forward to getting home and getting all that data the Alaskan airline raven air says he's had to cancel flights on this busy travel day because of a cyber attack the company says it about two hundred sixty passengers are affected so far by what they are calling malicious activity on Jan Johnson and I'm Susanna Palmer from Bloomberg world headquarters Credit Suisse group is still being haunted by allegations of spying on its employees former Credit Suisse group AG executive Colleen Graham email chief executive officer to Jen tan handed chairman wars runner detailing how she'd been followed in Manhattan and Long Island in September twenty seventeen she was interviewing at blackrock at the time investigators are looking into claims the bank had followed its recently departed head of wealth management it Paul Kahn before he joined UBS group American Airlines is canceling reward trips and seizing miles joining partner city group in cracking down on customers who take advantage of the carriers loyalty program by opening multiple accounts some customers have started complaining in recent weeks on Twitter and elsewhere some complaints have been picked up by related blogs including the points guy send our pinkeye is getting a hefty pay raise of Abed said Friday that the new alphabet CEO will receive two hundred forty million dollars in stock awards over the next three years if he hits all of his performance targets as well as two million in annual salary beginning in twenty twenty it is.

American Airlines partner UBS chairman Colleen Graham executive Credit Suisse Bloomberg world Boeing CEO Abed Twitter NASA Paul Kahn blackrock Long Island Manhattan Jen tan chief executive officer Susanna Palmer
UBS fined £40 million in Hong Kong over client-trade overcharges

Charlie Parker

00:13 sec | 2 years ago

UBS fined £40 million in Hong Kong over client-trade overcharges

"The huge Swiss bank UBS is in trouble in Hong Kong find fifty one million dollars Hong Kong securities regulator says UBS group over charged in misled wealthy clients for ten years UBS as those workers have been

Hong Kong UBS Fifty One Million Dollars Ten Years
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"Old, but I spend to decide to responded in a like that. Way kind of responded. China's Xi Jinping will visit Russia this week. He's expected to meet with Russian President Vladimir Putin North Korea, Iran. Venezuela on the docket, three days US travelers say they're very wary of the Boeing seven thirty-seven max planes, currently are grounded globally UBS group, a survey has found that seventy percent of those polled would hesitate to book a flight consumer advocate. Ralph Nader says the larger engines on the max of the design flaw has nothing to do with software says the jets must never fly again. Nader's grand niece was killed in one of the crashes or should be noted. Boeing says it's working on correcting all problems before returning the max to service, US House, Democrats are going more and more frustrating, what they call White House stonewalling during all requests for information, the White House today, instructing two more former age not provide documents but hope Hicks reportedly has agreed to turn over her pre-election papers to the judiciary committee and smartphones. Or officially king of media. According to emarketer Inc. US adults. They share. We'll spend more time using their mobile devices than they'll spend watching TV about seventy percent of that time will be spent on smartphones doing Siri. Tell me a joke. Nice dealt. Somebody explain it. I need to either spend more time or a whole lot less. What two zero say. Nice belt, I in San Francisco, I'm Ed Baxter. This is Bloomberg. Brian. You do that live on air to, yes. Excellent. Ed. Excellent. Let's get in Dan Schwartzman. He won't have the answer. But he's got a lot of other answers, particularly on the sports fields and playgrounds of the world Liverpool making some roster moves. Dan, walk me through them. Brian absolutely after they won the Champions League on Saturday. They've made some moves both Daniel Sturridge Berta marina, we'll be leaving Liverpool on free transfers. Both contracts have expired, your Donncha cheery those going to remain with the reds. That's.

Dan Schwartzman US Ralph Nader Boeing Brian Vladimir Putin Liverpool Xi Jinping China White House Russia President Daniel Sturridge Berta emarketer Inc North Korea Ed Baxter Venezuela San Francisco
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:48 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"Projects to add fifty one miles of fence. I'm Evan Haning. And I'm Susanna Palmer from Bloomberg world headquarters after crippling wa technologies, the Trump administration this week threatened to cut off US components or software to five Chinese video surveillance firms this in a push to slow China's technological advances. But the plan might backfire because US companies are so involved in the global technology supply chain. He's worries. Hammered the shares of semiconductor makers and apple in the US this week, meantime, China is digging in its heels on trade after President Trump escalated his tariffs on Chinese imports. China's president Xi Jinping called on China's citizens to join a quote new long March. Meaning winning a trade war against China won't be easy as candidate Trump said back in two thousand sixteen. Bloomberg has learned Fiat Chrysler, automobiles is considering a tie-up with Renault which could eventually lead them to becoming part of the Renault Nissan Motor alliance. The source says FCA also. Held initial talks with the PSA group, the owner of French carmaker Peugeot, this as it evaluates potential partners. UBS group report says the global robo taxi market might be worth more than two trillion dollars a year by twenty thirty more on that from Bloomberg's Charlie Pellett, according to the report, mass adoption of driverless vehicles could provide a significant boost to a number of existing sectors. The estimate is based on a UBS evidence lab simulation of a robo taxi fleet in New York that optimizes roots and writers connections. With vehicles, along with metrics, like running costs utilization rates margins and charging station network size. The market number includes revenue streams from making the vehicles and tires, providing the electricity building charging stations and the semiconductors that would be needed to back up the technology, global news, twenty four hours a day on air, and it ticked up on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This. This is Bloomberg. Welcome to Bloomberg law. I'm June, Grosso having this hour, the supreme court puts off to abortion cases as hundreds of rallies against abortion bans ignite across the country. President Trump loses the first court test of his stonewalling of congressional subpoenas, Trump's immigration plans seems to be over before it began and loose lips and FX tips. How traders online chats cost banks one point two billion dollars in cartel. Fines. Abortion rights supporters held hundreds.

President Trump Bloomberg China Susanna Palmer US Bloomberg world Evan Haning UBS President Renault Nissan Motor alliance Renault Peugeot FCA Xi Jinping wa Twitter New York Fiat Chrysler Grosso
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"The five hundred will draw at least two hundred fifty thousand people probably were draw more if Sunday's forecast in call for thunderstorms. I've Evan Haning. And I'm Susanna Palmer from Bloomberg world headquarters after crippling way technologies the Trump administration this week threatened to cut off US components or software to five Chinese video surveillance firms this in a push to slow China's technological advances. But the plan might backfire because US companies are so involved in the global technology supply chain is worries. Hammered the shares of semiconductor makers and apple in the US this week, meantime, China is digging in its heels on trade after President Trump escalated his tariffs on Chinese imports Chinese president Xi Jinping called on China's citizens to join a quote new long March. Meaning winning a trade war against China won't be easy as candidate Trump said back in twenty. Sixteen. Bloomberg has learned Fiat Chrysler, automobiles is considering top with Renault which could eventually lead them to becoming part of the Renault Nissan Motor alliance. The source says FCA also held initial talks with the PSA group, the owner of French carmaker Peugeot, this as it evaluates potential partners. UBS group report says the global robo Texan market might be worth more than two trillion dollars a year by twenty thirty more on that from Bloomberg's Charlie Pellett, according to the report mass adoption of driverless vehicles could provide a significant boost to a number of existing sectors. The estimate is based on a UBS evidence lab simulation of a robo taxi fleet in New York that optimizes roots and riders connections with vehicles, along with metrics, like running costs utilization rates margins and charging station network size..

China US Bloomberg Trump UBS Trump administration Bloomberg world Evan Haning Renault Nissan Motor alliance President Susanna Palmer Renault Xi Jinping New York Charlie Pellett Fiat Chrysler Peugeot FCA apple
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:26 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"And I'm Susanna Palmer from Bloomberg world headquarters after crippling wa technologies, the Trump administration this week threatened to cut off US components or software to five Chinese video surveillance firms this in a push to slow China's technological advances. But the plan might backfire because US companies are so involved in the global technology supply chain. He's worries. Hammered the shares of semiconductor makers and apple in the US this week, meantime, China is digging in its heels on trade after President Trump escalated his tariffs on Chinese imports. China's president Xi Jinping called on China's citizens to join a quote new long March. Meaning winning a trade war against China won't be easy as candidate Trump said back in two thousand sixteen. Bloomberg has learned Fiat Chrysler, automobiles is considering a tie-up with Renault which could eventually lead them to becoming part of the Renault Nissan Motor alliance. The source says FCA also held initial. Talks with the PSA group, the owner of French carmaker Peugeot, this as it evaluates potential partners. UBS group report says the global robo taxi market might be worth more than two trillion dollars a year by twenty thirty more on that from Bloomberg's Charlie Pellett, according to the report, mass adoption of driverless vehicles could provide a significant boost to a number of existing sectors. The estimate is based on a UBS evidence lab simulation of a robo taxi fleet in New York that optimizes roots and riders connections with vehicles, along with metrics, like running costs utilization rates margins and charging station network size. The market number includes revenue streams from making the vehicles and tires, providing the electricity building charging stations and the semiconductors that would be needed to back up the technology, global news, twenty four hours a day on air and at ticked up on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. This is a closer look with Arthur Levitt Arthur Levitt is a former chairman of the US securities and Exchange Commission of Bloomberg l p board member a senior advisor to the promontory financial group and a policy advisor to Goldman Sachs. This week. We continue our closer. Look, John Hennessy, chairman.

China US Bloomberg Susanna Palmer Bloomberg world Trump Arthur Levitt Arthur Levitt UBS President Renault Nissan Motor alliance chairman Renault Peugeot Xi Jinping wa Twitter FCA John Hennessy
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"And I'm Susanna Palmer from Bloomberg world headquarters after crippling why technologies the Trump administration this week threatened to cut off US components or software to five Chinese video surveillance firms this in a push to slow China's technological advances. But the plan might backfire because US companies are so involved in the global technology supply chain. He's worries. Hammered the shares of semiconductor makers and apple in the US this week, meantime, China is digging in its heels on trade after President Trump escalated his tariffs on Chinese imports. China's president Xi Jinping called on China's citizens to join a quote new long March. Meaning winning a trade war against China won't be easy as candidate Trump said back in two thousand sixteen. Bloomberg has learned Fiat Chrysler, automobiles is considering a tie up with Renault which could eventually lead them to becoming part of the Renault niece. Zahn motor alliance. The source says FCA also held initial talks with the PSA group, the owner of French carmaker Peugeot, this as it evaluates potential partners. UBS group report says the global robo Texas market might be worth more than two trillion dollars a year by twenty thirty more on that from Bloomberg's Charlie Pellett, according to the report, mass adoption of driverless vehicles could provide a significant boost to a number of existing sectors. The estimate is based on a UBS evidence lab simulation of a robo taxi fleet in New York that optimizes roots and riders connections with vehicles, along with metrics, like running costs utilization rates margins and charging station network size..

China US Bloomberg Trump Trump administration Bloomberg world UBS President Susanna Palmer robo Texas Renault Xi Jinping Fiat Chrysler New York Zahn Charlie Pellett Peugeot FCA apple
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:11 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"NASDAQ one hundred. Index slumping by two percent. The tenure yield two point three percent right now. We have got oil, a major story today down five point eight percent fifty seven eighty five barrel talking about west Texas intermediate crude Brent is down five percent. Sixty seven forty three a barrel and gold higher by nine tenths of one percent, twelve eighty four the out so indeed, lower day across the board, here, risk off the major theme. We've got more on the markets coming up. I'm Charlie Pellett. And that is a Bloomberg business flash. Charlie, thank you so much. You are listening to Bloomberg BusinessWeek, Jason Kelly, and Carol Massar and speaking of risk off David Tepper. He's going pure family office, not gonna manage outside money anymore, all over again because we've heard this story, a lot from a billionaire or big time hedge fund investors, and they're just saying we're closing up shop. We're going family office, and here's another one. And this is our most read story on the Bloomberg today. Bright. What's interesting about this is, you know, sometimes the joke, is people wanting to spend more time with their family. David Tepper I think he wants to spend more time with his football team. He bought Carolina Panthers. Record-setting two point three billion dollars. I think we do. I think we do. I think are reporting bears that out we're going to ask SRI horizon. He's going to be along with us to talk about that in just a few minutes. Also, some other fun stuff to get on Amazon today, we're going to get into it looking like they're going deeper and deeper into maybe figuring out, perhaps how the mind works, we're going to get into that. This is too among our most read store, Amazon's gonna tell me what you're thinking. That's scary. All right. All right. Let's set the BusinessWeek agenda now. Joe Weisenthal markets editor for Bloomberg. Also, the co host of what you miss. That's coming up at four PM Wall Street time on BTV Dave Wilson socks editor for Bloomberg. He also brings us every day, his chart and stock today. So, gentlemen. Nice to have you here with us as always Joe. Let me start with you, because one of the things that caught my attention is Charlie was running through the numbers oil down five plus percent. Yeah, pretty brutal. I mean, I think perhaps there had been some disconnect brewing between oil, which had been elevated, maybe due to concerns by geopolitics of tax and stuff like that. And maybe some ketchup there is the risk on mood really risk of mood really sweeps it down, but it is sort of emblematic of the intensity of the selling today across multiple, pissed intraday decline since December twenty four th remember that, Dave Wilson, you got to come in though. Let's break down. How broad-based is the selling today pretty darn broad. I mean, not as broad as we've seen in some of the recent declines, but you look at six stocks down the S and P five hundred everyone that's up. I mean that gets your attention for sure. One thing that's interesting. Is that we're seeing kind of the bigger picture play? Trade issues play out in some individual stocks. You look at best buy the consumer electronics if you just focused on their first quarter earnings, you think things are fine profit be less average estimate and Bloomberg survey. And yet the shares are down more than five percent. Now they have a management transition coming up their CEO, who bear Joe lease leaving in July and the chief financial opposite succeeding him. Nonetheless, you know this company that's faced with having to pay more to stock the shelves given what's happening in terms of tariffs. The idea of Chinese imports going twenty five percent from Tampere sent well that affects the company directly and then sort of the different angle on the trade front, you're seeing play out with the steel producers, and I say that because Credit Suisse, you know, cut ratings cut price estimates and they're looking at this week. You saw the lifting of steel. Import tariffs on shipments from Mexico and Canada, so US producers are gonna get hurt by that. I mean you look across the board, the stocks that they mentioned are down steel dynamics lower by more than six percent. US steel four point three percent. Question to be have having at this point. And I think some of the stories like reading through some of our folks, come and cry since mother ends follow the markets for us, Joe. Is that it really depends on how long lasting I thought I said, someday there, one story, that's this is going to go out to twenty twenty something in terms of the US, China trade problems. I know who the heck no there's no way to predict a situation like this. We could have some sort of resolution at the G twenty meeting. Theoretically people say that still possibility. It could be a permanent tech Cold War, or industrial Cold War market coverage. Right. For your and I'm just curious like some of the discussions, you guys are having in the newsroom. We'll be I think a lot of it's still unclear how much. Much of what we see is strictly trae related because like even today and today, feels a lot about trading Xavi. But we've had lots of dire trade headlines over the last two weeks and some days, it doesn't move the market at all. It's not totally consistent. One thing I've been talking to people as well, how much of it is related to the fed and their refusal. They keep pushing back against rate cuts, and that's also a form of defacto tightening. And you see that in the flattening yield curve. Right. So there's a lot of different. There's a lot of different things going on here, but it is really complicated. I think to trade trades, right. And you know, going back to what David was talking about with those stealing aluminum terrorists being lifted from Canada, Mexico that gay people, some hope that US MCA as Carolina to call us Mika. He says it all just rolls right off the time. She's trying to make it a thing. But anyway, we'll leave that to the side. But, you know you do see these little things happening that ten. Move it along. You see some compromises feels like coming from the Democrats on this, but you don't know where the end is something important to think about is that the way people often model the impact of trade on stocks the start to do math, or they do arithmetic in hummers. Do we sell to China, how much does that cost? Let's add some tariffs etcetera it, and then they try to extrapolate that earnings and therefore the stock market, where is it might be the case that the better way to think about it as trading Zaidi will hit the stock market and the stock market volatility will hit the real economy. So it's almost like the causation goes backwards. Ready right with our story on the Bloomberg earlier this week about how CEO's joining the C suite and in just the time spent on figuring out how to what do we have to do in terms of our company because of the S China trade talks, and the breakdown of them. And what changes do we potentially need to make corporate, America's already being diverted in terms of their time spent on this issue companies like best, buy or having a figure out how to deal with the issues? They're facing. Or spend time trying to push the Trump administration to come to some sort of a deal that would help them out. I'm really glad you brought at best buy, because that's such a canary in the coalmine in a lot of ways. Dave Wilson stocks editor for Bloomberg. You'll be back in a bit with your chart and stock today. Joe Weisenthal market. Senator sending you off to television, would you miss coming up at four PM Wall Street time? All right. Let's do the Bloomberg markets by the day care, one number that tells us a lot, today's number two trillion dollars, global rubber taxi market might be worth more than two trillion dollars a year by twenty thirty and mass adoption of driverless vehicles could provide a significant boost to a number of existing sectors. That's according to UBS group AG analysts that estimate is based on a UBS evidence lab simulation. I love this, a simulation of a robot taxi fleet New York that optimized routes and writers connections with vehicles. They also included metrics, like running costs utilization rates margins and charging station networks. Size. How cool is that? It's so I was really impressed by the breadth of that figure two trillion dollars. It's massive fat is amazing coming up. We're going to talk about David Tepper, getting out of managing other people's money and get the managing that football team. I'm telling you.

Bloomberg Joe Weisenthal David Tepper Charlie Pellett Bloomberg BusinessWeek US Dave Wilson football CEO China editor west Texas Carolina Panthers Amazon Mexico Canada UBS Brent
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:10 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"That's why the UBS group must pay three point seven billion euros after a Paris court found Zurich-based Bank, guilty of helping wealthy French clients tax funds in undeclared Swiss Bank accounts movie. That's a Bloomberg business flash politics policy, power and law continues. Thank you, Greg. We're live in the Bloomberg. Interactive brokers studio supreme court Justice. Clarence Thomas is calling for the court to overturn the landmark nineteen sixty four New York Times. V Sullivan ruling which protects news organizations from most libel suits, when they write about public figures joining me is one of the country's leading I meant scholars Jeffrey stone, professor at the university of Chicago law school. His new book is the free speech century a collection of essays on first amendment jurisprudence. Jeff Thomas, expressed this opinion with the supreme court ordered that refused to revive a defamation lawsuit against Bill. Cosby an order, he agreed to what was his reasoning. Well Thomas is reasoning was basically a strict originalist approach. He essentially said that it was time in his you for the court to reconsider the nineteen sixty four decision in New York Times and Sullivan because as he laid it out at the time the first amendment was adopted. Individuals could sue for defamation. If someone else had made a statement that defames reputation, and they could recover as long as the person who made the statement did not prove the statement to be true that had been the common line England. It was a common law in the United States. And it was the law in most states until nineteen sixty four in the supreme court decision in Sullivan. And so Thomas his argument was that being a strict originalist that we should go back to what the framers themselves would have understood the first amendment to me when it was adopted and his argument is that they would not have understood the first amendment to have interfered with the traditional common law of libel. The original meaning of the first amendment is the same as it has been in the nearly three decades that Thomas has been on the court. So what might be his purpose in suggesting this now? Well, that's a that's a great question. I mean, one possibility that some people have raised is that because President Trump has in a variety of ways condemned the media, and even called about is what he said opening up libel laws that Thomas is in some way responding to Trump's suggestion that the court should reconsider New York Times in Sullivan. The other possibility is it now that we have a court with five fiercely conservative justices on it. It Thomas saints. It's possible that they would be willing to go back. And and we examine a whole lot of decisions from the past that are inconsistent with what he believes to be the proper method of constitutional interpretation is that likely have any of the new justices or the conservative justices expressed desire or an inclination to revisit times. We sullivan. Not to my knowledge. I think that in some of the confirmation hearings, for example, I think Gorsuch was asked about that. And indicated that he followed president and most of the justices who have taken even a strong originalist view of constitutional interpretation of you that I take this nonsense to be clear have also conceded that precedent is precedent. And that although they might be inclined to apply and originalist. You two cases that have not previously been issues not previously been resolved. They would still tend to follow the precedents. Even if they disagreed with them. Explain in in your book. There are several articles that explain the first amendment and how it's sort of different from other amendments. And then its interpretation began later on. It's really a modern amendment. You might say. Well, the first time that the supreme court of the United States directly addressed meaning of the first amendment was not until nineteen nineteen and the reason for that was in part that the first amendment was generally understood until later to apply only to the federal government and most laws that regulate speech or laws that states and cities and therefore most first amendment issues did not. Much free speech issues did not implicate the first amendment until that time. So really the the supreme court. I began looking at the meeting the first amendment one hundred years ago, and it was not until nineteen sixty four that the court looked at the issue of libel. And in fairness as Thomas says, it is the case that win the first amendment was adopted that was understood that defamation was actionable as long as the play different prove that the defendant had made a statement that the reputation and the defendant therefore, then had the burden of proving truthfulness, and if they could not prove that they were reliable what New York Times and Sullivan did is as with so many other constitutional provisions the court realized over time that it was necessary to give them more robust interpretation and understanding of of constitutional provisions and might have existed fifty years before and in particular new. York Times in Sullivan came about because southern states, Alabama in particular in this case were going after northern newspapers and media who were covering the civil rights movement and suing them for liable for statements that were just ended virtually Tripoli false, and then Alabama juries we're giving you damage awards and the idea was to try to deter any newspapers in the country from reporting what was actually going on in the south and Thomas to ignore that when he said, the states are fully able to handle these kinds of claims explained of the first of the New York Times if you celebrate decision today, and whether you see any areas where it might be encroached upon. I've been Sullivan has has come to be regarded by almost everyone who thinks about constitutional law is one of the great decisions of the supreme court. What it did was to eliminate the potential of government states cities, whatever to use their libel laws to prevent individuals newspapers, and magazines and individual citizens from criticizing government actions and public officials. So if we had the law of libel as it existed as Thomas would like to reestablish it. For example, then it would be possible just to give an illustration for Donald Trump to sue the New York Times for a statement. That was inadvertently inaccurate about what Donald Trump had for lunch. And a sympathetic jury could find that was defamatory and could award him a million dollars in damages. That's crazy. But that's exactly what was happening when your time's. It's all decided so Sullivan is a fundamental decision. That has protected freedom of the press freedom of speech in this country, and then isn't able to democracy to flourish. Thank you so much for being on the show. That's Jeffrey stone professor at the university of Chicago law school. His new book is the free speech century. It's a collection of essays on first amendment jurisprudence for the last century coming up on Bloomberg politics, policy, power and law. Fed minutes are going to shed light on the biggest policy reversals in years, and you be assets hit with a record fine for helping wealthy. French client, stash undeclared funds in Swiss accounts. A reminder you can listen to all of today's interviews as well. As past episodes of the show anytime on Bloomberg dot com slash.

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"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:31 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"Democrat Amy klobuchar is officially in the twenty twenty presidential race. The Minnesota Senator said the US needs to stand strong and consistently with its allies. And that America must respect its frontline troops. They deserve better than foreign policy by tweet talks on funding. The government of hit a snag over immigration policies on Fox News Sunday acting White House chief of staff. Mick Mulvaney, told host Chris Wallace, the Democrats are making the Goshi Asians difficult. I just don't know where the Democrats are. And I think that's reflection. Chris of of where their party is. I don't think they know where they stand on this particular issue, and that's one of the reasons I think we're having a difficulty coming to a deal Mulvaney says the possibility of another shutdown this week cannot. Not be ruled out teachers in Denver plan to strike after failed negotiations with the school district over base pay teachers want lower bonuses to free up money. For better. Overall salaries the district says bonuses can help boost acedemic performance. I'm Evan Haning. And I'm Susanna Palmer from Bloomberg world headquarters, Bloomberg has learned to talks to avert a second government shutdown over border while funding broke down yesterday and Republicans and Democrats have stopped communicating for now a source says the latest sticking point appears to be over detention beds operated by the US immigration and customs enforcement, the lawyer for the chairman of the national enquirers parent company. So there wasn't any blackmail extortion. Or political motivations involved in the fight between the tabloid and Jeff Bezos, the founder of Amazon Alcon Abramowicz is an attorney for David pecker, chairman CEO and president of National Enquirer parent American media, Inc. Abramowitz said photos and other details about. Base. Osas extramarital affair came from a reliable source known debate. Does he didn't name the source? He was speaking today on ABC's this week. Federal prosecutors are reviewing the national enquirers handling of its story about Jeff Bezos with Brexit. Just forty seven days away, the British government asked lawmakers today to give Prime Minister Theresa may more time to rework her divorce deal with the European Union communities secretary James broken Shire, said parliament would get to pass judgment on May's Brexit plan. No later than February twenty seventh the promises a bid to avert a showdown on Thursday. When parliament is set to debate and vote on next moves in the Brexit process. UBS group scrapped variable bonuses for about ten thousand employees and its corporate center and instead will pay them about one percent of their annual salary..

Democrats Jeff Bezos Mick Mulvaney Abramowitz US Chris Wallace Amy klobuchar chairman Minnesota America UBS National Enquirer Senator extortion Evan Haning British government Amazon Alcon Abramowicz White House
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"EU, which is resistant to her changes. I'm Evan Haning. And I'm Susanna Palmer from Bloomberg world headquarters, Bloomberg has learned talks to avert a second government shutdown over border while funding broke down yesterday and Republicans and Democrats have stopped communicating for now a source says the latest sticking point appears to be over detention beds operated by the US immigration and customs enforcement, the lawyer for the chairman of the national enquirers parent company. So there wasn't any blackmail extortion. Or political motivations involved in the fight between the tabloid and Jeff Bezos, the founder of Amazon Alcon Abramowicz is an attorney for David pecker, chairman CEO and president of National Enquirer parent American media, Inc. Abramowitz said photos and other details about bases. Extramarital affair came from a reliable source known debate. Does he didn't name the source? He was speaking today on ABC's this week. Federal prosecutors are reviewing the national enquirers handling of its story about Jeff. As us with Brexit. Just forty seven days away, the British government asked lawmakers today to give Prime Minister Theresa may more time to rework her divorce deal with the European Union communities secretary James broken Shire, said parliament would get to pass judgment on May's Brexit plan. No later than February twenty seventh the promises a bid to avert a showdown on Thursday. When parliament is set to debate and vote on next moves in the Brexit process. UBS group scrapped variable bonuses for about ten thousand employees at its corporate center and instead will pay them about one percent of their annual salary..

Abramowitz Jeff Bezos chairman National Enquirer Evan Haning Amazon Alcon Abramowicz Bloomberg Bloomberg world extortion UBS Susanna Palmer EU Brexit David pecker US James broken Shire ABC British government European Union
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"I'm Ann Cates. And I'm Susanna Palmer from Bloomberg world headquarters, Bloomberg has learned to talks to avert a second government shutdown over border while funding broke down yesterday and Republicans and Democrats have stopped communicating for now a source says the latest sticking point appears to be over detention beds operated by the US immigration and customs enforcement, the lawyer for the chairman of the national enquirers parent company. So there wasn't any blackmail extortion. Or political motivations involved in the fight between the tabloid and Jeff Bezos, the founder of Amazon Alcon Abramowicz is an attorney for David pecker, chairman CEO and president of National Enquirer parent American media, Inc. Abramowitz said photos and other details about bazo Osas extramarital affair came from a reliable source known debate. Does he didn't name the source? He was speaking today on ABC's this week. Federal prosecutors are reviewing Nash. Inquires handling of its story about Jeff Bezos with Brexit. Just forty seven days away, the British government asked lawmakers today to give Prime Minister Theresa may more time to rework her divorce deal with the European Union communities secretary James broken Shire, said parliament would get to pass judgment on May's Brexit plan. No later than February twenty seventh the promises a bid to avert a showdown on Thursday. When parliament is set to debate and vote on next moves in the Brexit process. UBS group scrapped variable bonuses for about ten thousand employees at its corporate center and instead will pay them about one percent of their annual salary. A spokesman for UBS confirmed..

Jeff Bezos Abramowitz UBS chairman Ann Cates Bloomberg Bloomberg world Susanna Palmer Amazon Alcon Abramowicz National Enquirer bazo Osas extortion US David pecker James broken Shire ABC British government European Union Prime Minister
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"I'm Susanna Palmer from Bloomberg world headquarters, Bloomberg has learned to talks to avert a second government shutdown over border while funding broke down yesterday and Republicans and Democrats have stopped communicating for now a source says the latest sticking point appears to be over detention beds operated by the US immigration and customs enforcement, the lawyer for the chairman of the national enquirers parent company. So there wasn't any blackmail extortion. Or political motivations involved in the fight between the tabloid and Jeff Bezos, the founder of Amazon Alcon Abramowicz is an attorney for David pecker, chairman CEO and president of National Enquirer parent American media, Inc. Abramowitz said photos and other details about bazo Osas extramarital affair came from a reliable source known debate. Does he didn't name the source? He was speaking today on ABC's this week. Federal prosecutors are reviewing the national enquirers hand. Alling of its story about Jeff Bezos with Brexit. Just forty seven days away, the British government asked lawmakers today to give Prime Minister Theresa may more time to rework her divorce deal with the European Union communities secretary James broken Shire, said parliament would get to pass judgment on May's Brexit plan. No later than February twenty seventh the promises a bid to avert a showdown on Thursday. When parliament is set to debate and vote on next moves in the Brexit process. UBS group scrapped variable bonuses for about ten thousand employees at its corporate center and instead will pay them about one percent of their annual salary..

Jeff Bezos Abramowitz chairman Bloomberg Bloomberg world National Enquirer extortion Susanna Palmer Amazon Alcon Abramowicz bazo Osas UBS US David pecker James broken Shire ABC British government Prime Minister European Union founder
"ubs group" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:38 min | 3 years ago

"ubs group" Discussed on Bloomberg Radio New York

"Fair housing alliance. Now Virginia's Lieutenant governor, Justin. Fairfax is facing growing calls to resign after two women accused him of sexual assault. He has strongly denied the allegation says correspondent Katie arcton in the capital Richmond part. He says I did not sexually assault a rate. Meredith Watson Vanessa Tyson or anyone else I call on all appropriate an impartial. Investigatory authorities including the FBI to investigate fully. And thoroughly the allegations against me by miss Watson. And Dr Tyson attorneys for both women now say their client's willing to testify during any impeachment proceedings in the Virginia legislature people in the Pacific northwest more. Accustomed to rain are dealing with more snow in one or two days than they usually get in a year. Hundreds of cars are stranded on a highway in Washington state, South Korea today agreed to pay the US nine hundred twenty four million dollars for the US military presence on the peninsula. I'm Christopher cruise. And I'm Susanna Palmer from Bloomberg world headquarters with Brexit. Just forty seven days away, the British government asked lawmakers today to give Prime Minister Theresa may more time to rework her divorce deal with the European Union communities secretary James broken Shire, said parliament would get to pass judgment on May's Brexit plan no later than February twenty seventh at promises a bid to avert a showdown on Thursday. When parliament is set to debate and vote on next moves in the Brexit process. Some lawmakers want to try to seize control and steer the country toward a softer exit. From the block trade has never far from the spotlight and this week. Trade Representative Robert lighthizer and Treasury Secretary Steven Mnuchin are leading a group of administration officials to Beijing time is running out for the world's largest economies to strike an agreement before next month. That's when the Trump administration is set to more than double tariffs on two hundred billion dollars worth of CHAI. Chinese goods the US is seeking support for United Nations Security council resolution condemning Venezuela's government for blocking humanitarian aid from entering the country and calling on President Nicolas Maduro to hold new elections. A copy of the resolution was seen by Bloomberg. The US is trying to build upon growing international pressure on Madero to cede power to one Guido the head of the national assembly. UBS groups scrapped variable bonuses for about ten thousand employees at its corporate center and instead will pay them about one percent of their annual salary. A spokesman for the lender confirmed the change first reported by newspaper Sonntags Zeitung..

US Justin assault Meredith Watson Vanessa Tyson Virginia FBI British government Bloomberg Sonntags Zeitung Dr Tyson miss Watson Bloomberg world Fairfax Susanna Palmer Katie arcton UBS Nicolas Maduro Christopher cruise Richmond
U.S. Reimposes Sanctions on Iran but Undercuts the Pain With Waivers

Bloomberg Daybreak

01:48 min | 4 years ago

U.S. Reimposes Sanctions on Iran but Undercuts the Pain With Waivers

"Accounts into purchasing countries. But we're gonna be looking at is an increase in Iran's oil experts in the first month of sanctions, and that is surely not the outcome that President Trump was how was hoping for. All right. Let's look now at a sector that doesn't have quite as much exposure. I think it's safe to say to the oil sector electric cars on Johnny Trivedi is opening on those sang the affordable electric car could be about to arrive. Really? Maybe I mean, this is a little bit of a caveat here, actually. Okay. If you look at sales numbers, it does envied a peer this day is getting closer because consumers bought more than a million electric vehicles last year that sixty percent up from two thousand sixteen a lot of this is to do with China's carrot and stick policies pushing electric vehicle, adoption, and this is driven down the price of lithium ion batteries, which account for almost half of a cards cost that's down from about six hundred dollars per kilowatt hour to just a little bit over two hundred dollars over the past five years now treve de sang these sales numbers could be misleading though. I mean, they don't say much about the quality or the technology in an analysis by UBS group staff showed that China's domestic batteries can actually performed quite poorly at low temperatures, and there's a lot of manufacturing issues that some companies have confronted the Furthermore, the cost of full adoption is actually astronomical. So an estimated six trillion dollars might theoretically be needed to build the infrastructure. That electric cars are going to need such as charging stations and power networks. And so the transition costs are going to have to be reduced through government subsidies and support. Wow. Well, we'll have to leave it there for now. Agend Ryan Bloomberg opinion editor in our London bureau. Thanks so much for this. You can read more of these and other stories from Bloomberg opinion at Bloomberg dot com slash opinion, on the Bloomberg terminal type in p I n go Karen, Nathan, thank you. It is five fifty two on Wall Street. It's time for the Bloomberg law

Bloomberg Ryan Bloomberg China Johnny Trivedi Donald Trump Iran President Trump UBS London Karen Editor Nathan Six Trillion Dollars Six Hundred Dollars Two Hundred Dollars Sixty Percent Five Years
UBS, Julius Baer and China discussed on Bloomberg Daybreak

Bloomberg Daybreak

00:17 sec | 4 years ago

UBS, Julius Baer and China discussed on Bloomberg Daybreak

"To large global wealth managers have imposed restrictions on staff traveled to China. This after a UBS group employee was detained people with knowledge of the matter say UBS has asked some bankers not to travel to China after the incident. Another person said Julius Baer also barred trips by

UBS Julius Baer China
UBS warns staff over China travel after banker held in Beijing: source

Bloomberg Daybreak

00:22 sec | 4 years ago

UBS warns staff over China travel after banker held in Beijing: source

"To large global wealth managers have imposed restrictions on staff travel to China is after a UBS group employees. He was detained people with knowledge of the matter say UBS has asked some bankers not to travel to China after the incident. Another person said Julius Baer also bar trips by its relationship managers to China government, clampdowns and unexplained

UBS China Julius Baer
Global shares knocked after new U.S. tariff threat on Chinese goods

Bloomberg Daybreak: Europe

01:07 min | 4 years ago

Global shares knocked after new U.S. tariff threat on Chinese goods

"Let's move onto our top stories, then as you were saying Marcus what's been happening with trade moving the markets in the Asian session. And to some extent in Europe. Asian stocks started the week under pressure after the latest US move to place. A further tranche of tariffs on Chinese goods shares in Hong Kong and China leading. Declines the Shanghai composite closing at the lowest since two thousand fourteen with Japanese markets closed for a holiday after the Wall Street Journal reported that President Donald Trump has instruc-. Acted as to proceed with tariffs on about two hundred billion dollars more in Chinese products. Copper and Nicole dragged industrial metals lower the dollar maintaining gains from Friday and out, of course, has impacted the spectrum. Absolutely. Meanwhile, UBS group CEO said multi reckons, the trade situation is the greatest threat going for markets. He spoke exclusively to Bloomberg earlier today. Trade tensions the geopolitical tensions and Geochronology. Sanctions. We are seeing are likely to create some kind of corrections or opportunities before markets and any vessels to step in and take advantage of that. So I think that's one cannot underestimate that issue. So that was a UBS multi.

Bloomberg Europe Fund Manager UBS BCC Macron Milan Sandra Kilhof Bloomberg Nara Fiat Markus Karlsson Asia UK United States Japan Hang Seng Stockholm Hong Kong President Donald Trump