35 Burst results for "Us Commerce Department"

Retail sales rise 0.9% in April as consumers show resilience

AP News Radio

00:56 sec | Last week

Retail sales rise 0.9% in April as consumers show resilience

"Americans Americans Americans Americans continue continue continue continue to to to to ramp ramp ramp ramp up up up up spending spending spending spending last last last last month month month month even even even even as as as as inflation inflation inflation inflation persists persists persists persists at at at at a a a a nearly nearly nearly nearly forty forty forty forty year year year year hi hi hi hi I'm I'm I'm I'm Ben Ben Ben Ben Thomas Thomas Thomas Thomas with with with with a a a a look look look look at at at at the the the the numbers numbers numbers numbers the the the the commerce commerce commerce commerce department department department department says says says says retail retail retail retail sales sales sales sales rose rose rose rose nine nine nine nine tenths tenths tenths tenths of of of of a a a a percent percent percent percent in in in in April April April April among among among among those those those those seeing seeing seeing seeing significant significant significant significant boosts boosts boosts boosts auto auto auto auto dealers dealers dealers dealers with with with with sales sales sales sales up up up up two two two two point point point point two two two two percent percent percent percent online online online online retailers retailers retailers retailers two two two two point point point point one one one one percent percent percent percent and and and and restaurants restaurants restaurants restaurants and and and and bars bars bars bars up up up up to to to to percent percent percent percent sales sales sales sales were were were were even even even even up up up up after after after after adjusting adjusting adjusting adjusting for for for for inflation inflation inflation inflation which which which which was was was was three three three three tenths tenths tenths tenths of of of of a a a a percent percent percent percent on on on on a a a a monthly monthly monthly monthly basis basis basis basis in in in in April April April April strong strong strong strong hiring hiring hiring hiring rapid rapid rapid rapid wage wage wage wage increases increases increases increases and and and and a a a a healthy healthy healthy healthy level level level level of of of of savings savings savings savings on on on on average average average average have have have have bolstered bolstered bolstered bolstered consumers consumers consumers consumers financial financial financial financial health health health health despite despite despite despite the the the the sharp sharp sharp sharp increase increase increase increase in in in in consumer consumer consumer consumer prices prices prices prices the the the the robust robust robust robust April April April April sales sales sales sales numbers numbers numbers numbers are are are are even even even even more more more more impressive impressive impressive impressive when when when when considering considering considering considering retail retail retail retail sales sales sales sales cover cover cover cover only only only only about about about about a a a a third third third third of of of of consumer consumer consumer consumer spending spending spending spending with with with with the the the the rest rest rest rest going going going going to to to to services services services services such such such such as as as as travel travel travel travel hair hair hair hair cuts cuts cuts cuts in in in in health health health health care care care care airlines airlines airlines airlines and and and and hotels hotels hotels hotels are are are are also also also also reporting reporting reporting reporting strong strong strong strong sales sales sales sales Ben Ben Ben Ben Thomas Thomas Thomas Thomas Washington Washington Washington Washington

Ben Ben Ben Ben Thomas Thomas Commerce Commerce Commerce Com Ben Ben Ben Ben Thomas Thomas Washington
A key inflation gauge sets 40-year high as gas and food soar

AP News Radio

00:55 sec | Last month

A key inflation gauge sets 40-year high as gas and food soar

"A a key key gauge gauge on on inflation inflation is is hit hit a a forty forty year year high high with with prices prices on on food food and and gas gas still still soaring soaring the the commerce commerce department's department's reporting reporting the the personal personal consumption consumption expenditures expenditures price price index index has has jumped jumped six six point point four four percent percent in in February February compared compared to to a a year year ago ago the the largest largest spike spike in in four four decades decades strong strong consumer consumer demand demand and and shortages shortages of of many many goods goods helped helped drive drive the the increase increase intensified intensified by by Russia's Russia's invasion invasion of of Ukraine Ukraine which which has has disrupted disrupted global global oil oil markets markets and and xcelerated xcelerated prices prices for for wheat wheat nickel nickel and and other other key key commodities commodities excluding excluding volatile volatile prices prices for for food food and and energy energy the the core core inflation inflation number number increased increased five five point point four four percent percent in in February February compared compared to to the the previous previous year year some some economists economists are are now now predicting predicting the the federal federal reserve reserve could could raise raise its its key key lending lending rate rate by by an an aggressive aggressive half half point point in in both both may may and and June June hi hi Jackie Jackie Quinn Quinn

Commerce Commerce Department Ukraine Russia Federal Federal Reserve Reserv Jackie Jackie Quinn Quinn
Retail sales up 0.3% in February amid higher prices

AP News Radio

00:48 sec | 2 months ago

Retail sales up 0.3% in February amid higher prices

"American slowed their spending last month as prices for food gasoline toothpaste in just about everything else continue to rise I'm Ben Thomas with a look at the numbers retail sales rose just three tenths of a percent in February the commerce department report shows restaurants actually saw two point five percent jump in business and department stores one point six percent but online sales fell three point seven percent in categories like furniture electronics and general merchandise stores were also down the tepid February increase followed something of a splurge in January when sales rose four point nine percent fueled by wage gains solid hiring and more money in bank accounts but inflation slowed the pace in February with consumer prices running at seven point nine percent over a year ago I'm Ben Thomas

Ben Thomas Commerce Department
"us commerce department" Discussed on Daily Tech Headlines

Daily Tech Headlines

01:40 min | 3 months ago

"us commerce department" Discussed on Daily Tech Headlines

"U.S. Department of Commerce implemented a foreign direct product rule against Russia banning shipments on a range of tech products or those made with U.S. equipment without a permit. Similar to existing sanctions on Huawei. Exemptions include telecom infrastructure equipment and consumer items, including smartphones. The Washington Post sources say TSMC halted chip shipments to Russia over the weekend with global foundries and Intel saying they will comply with the sanctions. Uber began testing a new driver algorithm in 24 U.S. cities that will let drivers see pay and destinations before accepting trips, as well as increasing incentives for shorter rides. Consumer fares are not impacted by the change. Lenovo announced the ThinkPad X 13 S, the Windows 11 unarmed fanless laptop that uses the new Snapdragon 8 CX gen three compute platform with a claim 60% better performance per watt over the x86. It starts at $1099 shipping in May. Lenovo also updated the ThinkPad X one extreme with Intel's 12th gen core I 9 H series processors and 165 hertz, 16 by ten display. It starts at $2049 shipping in June. On the Chromebook side, Lenovo's new Chromebook duet three tablet offers a Snapdragon 7 C gen two SOC with an 11 inch two K LCD display and detachable keyboard expected in May starting at $399. Russia's state communications regulator rossum nad door said Friday that it would restrict access to Facebook after the platform ignored orders to lift restrictions on four Russian media outlets. Facebook has restricted distribution of content from RIA news agency, the Russian defense ministry's za vezda TV and two news websites. In related news, Google pause monetization on ads apps.

U.S. Department of Commerce global foundries Russia Lenovo TSMC Huawei Intel U.S. The Washington Post rossum nad door Facebook Russian defense ministry RIA Google
Key inflation gauge hit 6.1% in January, highest since 1982

AP News Radio

00:46 sec | 3 months ago

Key inflation gauge hit 6.1% in January, highest since 1982

"There's more data showing how hard inflation is hitting American consumers I'm Ben Thomas with the latest numbers the commerce department's personal consumption expenditures index or PCE jumped six point one percent in January compared with January of a year ago the largest year over year rice since nineteen eighty two excluding volatile food and energy prices core inflation increased five point two percent robust consumer spending along with widespread Produkten worker shortages have combined to spur inflation the PC is closely monitored by the federal reserve which is set at two percent target still consumers appear to shrug off the higher prices last month boosting spending two point one percent from December to January Ben Thomas Washington

Ben Thomas Commerce Department Produkten Federal Reserve Ben Thomas Washington
U.S. Retail Sales Jump as Inflation Surges

AP News Radio

00:42 sec | 3 months ago

U.S. Retail Sales Jump as Inflation Surges

"Retail sales surge as the threat of the I'm a cranberry and fades I can spend more money in January as retail sales jumped a seasonally adjusted three point eight percent easily surpassing the projections of most economists that compares to a decline of two and a half percent in December according to revised figures from the commerce department surging inflation also likely added to January's increase sales at general merchandise stores rose three point six percent while the part in store sales were up nine percent sales at furniture and home furnishing stores jumped seven percent while online sales surged nearly fifteen percent my

Commerce Department
"us commerce department" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

05:29 min | 3 months ago

"us commerce department" Discussed on WNYC 93.9 FM

"This is all things considered from NPR news and Michelle Martin prices are up all over the place at the gas pump and the grocery store at the car lot This week the federal government reported a 7.5% increase in the cost of goods all across the board compared to a year ago The consumer price index showed a 4% rise in housing a 12% increase in the price of meat and the cost to buy a used car is up more than 40% But here's another reality while families are dealing with sticker shot profits for companies that put these goods on shelves Well those are skyrocketing Data from the U.S. commerce department shows that corporate profit margins are the largest they've been in 70 years and that's caused progressive leaders like senators Bernie Sanders and Elizabeth Warren to cry foul saying some companies are using the pandemic as a cover to raise prices far more than is warranted As is often the case where economic theory is concerned there are a variety of opinions about this So we've called Isabella Weber She is a Professor of economics at the university of Massachusetts Amherst She has studied pricing policies in the context of rapid economic transitions and she is with us now to talk about all this professor Weber welcome Thank you so much for joining us Thank you so much for having me Michelle So we see the price of pretty much everything going up and we are told that these are supply chain disruptions or labor shortages both of which are pandemic related and at the same time corporations are reporting record profits and that just seems counterintuitive to many people So what's your take on why those two things are happening at the same time Yeah I mean first of all we have to realize that the supply chain issues are very real right So in normal times companies also very large companies Mainly compete over being able to deliver their products quickly attracting customers through advertisement and so on So if demand goes up they basically react by delivering more of the stuff that they are producing But what's happening now is that suddenly because there's gigantic conveyor belt system if you want so it's not working properly Stuff gets stuck and suddenly companies even very large companies have difficulties delivering I think people understand that you know if people want to buy things and they're in short supply of course they will be more expensive But I guess the question would be what is the line between normal market functioning and market manipulation Is there a lot and who decides what that line is Companies always want to maximize profits right And the context they suddenly can not deliver as much anymore as they used to And this creates an opening where they can say where we are facing increasing costs We are facing all these issues So we can explain to our customers that we are rising at prices No one knows how much exactly these prices should be increased And everybody has some sort of an understanding that oh yeah they're issues So yes of course companies are increasing prices In ways in which they could not justify normal times But this does not mean that the actual amount of price increase is justified by the increase in costs And as a matter of fact what we have seen is that profits are skyrocketing which means that companies have increased prices by more than costs In the earnings reports companies have bragged about how they have managed to be ahead of the inflation curve how they have managed to check up prices more than their costs And as a result have delivered these record profits So the Biden administration in November took energy costs The president said he would have the Federal Trade Commission investigate possible market manipulation or price gouging in the energy sector So what would that look like President Biden has called out that the prices for unfinished gasoline were down by 5% where the price is at the gas station went up by 3% So in other words companies that are selling gas at the gas station are increasing prices by more or in this case are not handing down the price decrease that they had enjoyed in November This was the argument of the precedent So yes the president has to step in how exactly to do it is beyond my expertise as an economist Before we let you go do you see a will to do that I know that that's not strictly your area of expertise but among the people that you talk to you're sort of peer economists Is there a consensus about the way forward here Well I'd say that we are in pretty uncharted waters because we are in this situation where specific prices are shooting up which we haven't seen in a long time because we have had this global supply chain system that yes had always the vulnerabilities that we are seeing now but in stable times has been working pretty well So in that sense I think that economists are not terribly well prepared to think about the problems that we have facing So we need to think about a different kind of response and this requires us to have a very open conversation instead of the kind of confrontations and often knee jerk reactions that we have been observing in recent weeks That's Isabella Weber she is an economist and professor at the university of Massachusetts Amherst professor Webber thanks so much for talking with us It's been fascinating Thank you so much.

NPR news Michelle Martin U.S. commerce department Isabella Weber university of Massachusetts Am Bernie Sanders Elizabeth Warren federal government Weber Biden administration Michelle President Biden Federal Trade Commission Webber thanks
A key inflation gauge rose 5.8% in 2021, most in 39 years

AP News Radio

00:46 sec | 4 months ago

A key inflation gauge rose 5.8% in 2021, most in 39 years

"The the the the commerce commerce commerce commerce department's department's department's department's gauge gauge gauge gauge of of of of inflation inflation inflation inflation at at at at the the the the consumer consumer consumer consumer level level level level registered registered registered registered its its its its sharpest sharpest sharpest sharpest increase increase increase increase in in in in thirty thirty thirty thirty nine nine nine nine years years years years I'm I'm I'm I'm Ben Ben Ben Ben Thomas Thomas Thomas Thomas with with with with the the the the latest latest latest latest consumer consumer consumer consumer prices prices prices prices jumped jumped jumped jumped five five five five point point point point eight eight eight eight percent percent percent percent in in in in the the the the past past past past year year year year as as as as Americans Americans Americans Americans spent spent spent spent freely freely freely freely helped helped helped helped by by by by large large large large stimulus stimulus stimulus stimulus checks checks checks checks in in in in the the the the spring spring spring spring and and and and higher higher higher higher pay pay pay pay spending spending spending spending on on on on autos autos autos autos electronics electronics electronics electronics and and and and other other other other goods goods goods goods jumped jumped jumped jumped twelve twelve twelve twelve percent percent percent percent in in in in twenty twenty twenty twenty twenty twenty twenty twenty one one one one the the the the biggest biggest biggest biggest increase increase increase increase since since since since nineteen nineteen nineteen nineteen forty forty forty forty six six six six at at at at the the the the same same same same time time time time bottle bottle bottle bottle necked necked necked necked supply supply supply supply chains chains chains chains and and and and shortages shortages shortages shortages of of of of components components components components notably notably notably notably semiconductors semiconductors semiconductors semiconductors have have have have left left left left many many many many retailers retailers retailers retailers and and and and auto auto auto auto dealers dealers dealers dealers with with with with fewer fewer fewer fewer cars cars cars cars and and and and other other other other goods goods goods goods to to to to sell sell sell sell the the the the commerce commerce commerce commerce department's department's department's department's personal personal personal personal consumption consumption consumption consumption expenditures expenditures expenditures expenditures index index index index or or or or PCE PCE PCE PCE is is is is the the the the federal federal federal federal reserve's reserve's reserve's reserve's preferred preferred preferred preferred gauge gauge gauge gauge in in in in setting setting setting setting its its its its interest interest interest interest rate rate rate rate policies policies policies policies Ben Ben Ben Ben Thomas Thomas Thomas Thomas Washington Washington Washington Washington

Commerce Commerce Commerce Com Ben Ben Ben Ben Thomas Thomas Federal Federal Federal Federa Ben Ben Ben Ben Thomas Thomas Washington
US economy grew 5.7% in 2021 in rebound from 2020 recession

AP News Radio

00:47 sec | 4 months ago

US economy grew 5.7% in 2021 in rebound from 2020 recession

"The the the the U. U. U. U. S. S. S. S. economy economy economy economy last last last last year year year year grew grew grew grew at at at at the the the the fastest fastest fastest fastest pace pace pace pace since since since since Ronald Ronald Ronald Ronald Reagan's Reagan's Reagan's Reagan's presidency presidency presidency presidency the the the the commerce commerce commerce commerce department department department department reports reports reports reports the the the the economy economy economy economy ended ended ended ended twenty twenty twenty twenty twenty twenty twenty twenty one one one one growing growing growing growing at at at at a a a a solid solid solid solid six six six six point point point point nine nine nine nine percent percent percent percent annual annual annual annual pace pace pace pace from from from from October October October October through through through through December December December December for for for for the the the the year year year year that that that that brought brought brought brought growth growth growth growth to to to to five five five five point point point point seven seven seven seven percent percent percent percent it's it's it's it's the the the the strongest strongest strongest strongest calendar calendar calendar calendar year year year year growth growth growth growth in in in in the the the the gross gross gross gross domestic domestic domestic domestic product product product product since since since since nineteen nineteen nineteen nineteen eighty eighty eighty eighty four four four four when when when when the the the the nation's nation's nation's nation's total total total total output output output output of of of of goods goods goods goods and and and and services services services services grew grew grew grew seven seven seven seven point point point point two two two two percent percent percent percent following following following following a a a a recession recession recession recession twenty twenty twenty twenty twenty twenty twenty twenty one's one's one's one's growth growth growth growth also also also also came came came came on on on on a a a a rebound rebound rebound rebound from from from from twenty twenty twenty twenty twenties twenties twenties twenties brief brief brief brief but but but but devastating devastating devastating devastating coronavirus coronavirus coronavirus coronavirus recession recession recession recession economists economists economists economists do do do do expect expect expect expect the the the the expansion expansion expansion expansion to to to to continue continue continue continue this this this this year year year year but but but but with with with with covert covert covert covert nineteen nineteen nineteen nineteen caseload caseload caseload caseload still still still still high high high high and and and and inflation inflation inflation inflation putting putting putting putting a a a a squeeze squeeze squeeze squeeze on on on on things things things things the the the the pace pace pace pace is is is is expected expected expected expected to to to to be be be be slower slower slower slower than than than than Thomas Thomas Thomas Thomas Washington Washington Washington Washington

Reagan U. U. U. U. S. S. S. S. Ronald Ronald Ronald Ronald Re Commerce Commerce Commerce Com Thomas Thomas Thomas Thomas Wa Washington
 US new home sales jump in December as prices fall

AP News Radio

00:53 sec | 4 months ago

US new home sales jump in December as prices fall

"Sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level level in in in in ten ten ten ten months months months months with with with with buyers buyers buyers buyers taking taking taking taking advantage advantage advantage advantage of of of of lower lower lower lower prices prices prices prices in in in in anticipation anticipation anticipation anticipation that that that that interest interest interest interest and and and and mortgage mortgage mortgage mortgage rates rates rates rates will will will will rise rise rise rise this this this this seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted sales sales sales sales pace pace pace pace for for for for the the the the month month month month was was was was eight eight eight eight hundred hundred hundred hundred eleven eleven eleven eleven thousand thousand thousand thousand new new new new homes homes homes homes up up up up nearly nearly nearly nearly twelve twelve twelve twelve percent percent percent percent over over over over the the the the previous previous previous previous month month month month which which which which has has has has been been been been revised revised revised revised downward downward downward downward and and and and home home home home prices prices prices prices fell fell fell fell slightly slightly slightly slightly the the the the median median median median was was was was three three three three hundred hundred hundred hundred seventy seventy seventy seventy seven seven seven seven thousand thousand thousand thousand seven seven seven seven hundred hundred hundred hundred last last last last month month month month the the the the lowest lowest lowest lowest level level level level since since since since June June June June but but but but still still still still up up up up about about about about four four four four percent percent percent percent from from from from last last last last December December December December new new new new home home home home sales sales sales sales in in in in general general general general have have have have been been been been declining declining declining declining after after after after the the the the pandemic pandemic pandemic pandemic related related related related burst burst burst burst in in in in the the the the spring spring spring spring of of of of twenty twenty twenty twenty twenty twenty twenty twenty I'm I'm I'm I'm Jackie Jackie Jackie Jackie Quinn Quinn Quinn Quinn sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level level in in in in ten ten ten ten months months months months with with with with buyers buyers buyers buyers taking taking taking taking advantage advantage advantage advantage of of of of lower lower lower lower prices prices prices prices in in in in anticipation anticipation anticipation anticipation that that that that interest interest interest interest and and and and mortgage mortgage mortgage mortgage rates rates rates rates will will will will rise rise rise rise this this this this seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted sales sales sales sales pace pace pace pace for for for for the the the the month month month month was was was was eight eight eight eight hundred hundred hundred hundred eleven eleven eleven eleven thousand thousand thousand thousand new new new new homes homes homes homes up up up up nearly nearly nearly nearly twelve twelve twelve twelve percent percent percent percent over over over over the the the the previous previous previous previous month month month month which which which which has has has has been been been been revised revised revised revised downward downward downward downward and and and and home home home home prices prices prices prices fell fell fell fell slightly slightly slightly slightly the the the the median median median median was was was was three three three three hundred hundred hundred hundred seventy seventy seventy seventy seven seven seven seven thousand thousand thousand thousand seven seven seven seven hundred hundred hundred hundred last last last last month month month month the the the the lowest lowest lowest lowest level level level level since since since since June June June June but but but but still still still still up up up up about about about about four four four four percent percent percent percent from from from from last last last last December December December December new new new new home home home home sales sales sales sales in in in in general general general general have have have have been been been been declining declining declining declining after after after after the the the the pandemic pandemic pandemic pandemic related related related related burst burst burst burst in in in in the the the the spring spring spring spring of of of of twenty twenty twenty twenty twenty twenty twenty twenty I'm I'm I'm I'm Jackie Jackie Jackie Jackie Quinn Quinn Quinn Quinn sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level in in in ten ten ten months months months with with with buyers buyers buyers taking taking taking advantage advantage advantage of of of lower lower lower prices prices prices in in in anticipation anticipation anticipation that that that interest interest interest and and and mortgage mortgage mortgage rates rates rates will will will rise rise rise this this this

Commerce Commerce Commerce Com Jackie Jackie Jackie Jackie Qu Quinn Quinn
US warns that chip shortage could shut down factories

AP News Radio

00:42 sec | 4 months ago

US warns that chip shortage could shut down factories

"The the the the government government government government is is is is warning warning warning warning a a a a computer computer computer computer chip chip chip chip shortage shortage shortage shortage could could could could shut shut shut shut down down down down factories factories factories factories the the the the commerce commerce commerce commerce department department department department says says says says companies companies companies companies that that that that use use use use semiconductors semiconductors semiconductors semiconductors are are are are down down down down to to to to less less less less than than than than five five five five days days days days of of of of inventory inventory inventory inventory a a a a sharp sharp sharp sharp drop drop drop drop from from from from forty forty forty forty days days days days in in in in twenty twenty twenty twenty nineteen nineteen nineteen nineteen chips chips chips chips used used used used to to to to produce produce produce produce automobiles automobiles automobiles automobiles and and and and medical medical medical medical devices devices devices devices are are are are especially especially especially especially scarce scarce scarce scarce commerce commerce commerce commerce secretary secretary secretary secretary Gina Gina Gina Gina Raymondo Raymondo Raymondo Raymondo says says says says the the the the supply supply supply supply chain chain chain chain for for for for semiconductors semiconductors semiconductors semiconductors remains remains remains remains fragile fragile fragile fragile the the the the Biden Biden Biden Biden ministration ministration ministration ministration is is is is calling calling calling calling on on on on Congress Congress Congress Congress to to to to pass pass pass pass stalled stalled stalled stalled legislation legislation legislation legislation that that that that would would would would provide provide provide provide fifty fifty fifty fifty two two two two billion billion billion billion dollars dollars dollars dollars for for for for domestic domestic domestic domestic semiconductor semiconductor semiconductor semiconductor production production production production chip chip chip chip shortages shortages shortages shortages have have have have disrupted disrupted disrupted disrupted car car car car production production production production during during during during the the the the pandemic pandemic pandemic pandemic raising raising raising raising prices prices prices prices still still still still it it it it would would would would take take take take years years years years for for for for semiconductor semiconductor semiconductor semiconductor factories factories factories factories to to to to begin begin begin begin operation operation operation operation at at at at Donahue Donahue Donahue Donahue Washington Washington Washington Washington

Government Government Governme Commerce Commerce Commerce Com Secretary Secretary Secretary Congress Biden Biden Biden Biden Donahue Donahue Donahue Donahu Washington
December marks 3rd straight month of growth for US builders

AP News Radio

00:45 sec | 4 months ago

December marks 3rd straight month of growth for US builders

"Construction construction construction construction on on on on new new new new homes homes homes homes in in in in the the the the U. U. U. U. S. S. S. S. rose rose rose rose for for for for the the the the third third third third consecutive consecutive consecutive consecutive month month month month in in in in December December December December and and and and data data data data released released released released Wednesday Wednesday Wednesday Wednesday suggests suggests suggests suggests that that that that the the the the frantic frantic frantic frantic pace pace pace pace of of of of building building building building will will will will continue continue continue continue this this this this year year year year the the the the December December December December increase increase increase increase puts puts puts puts home home home home construction construction construction construction at at at at a a a a seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted annual annual annual annual rate rate rate rate of of of of one one one one point point point point seven seven seven seven million million million million units units units units according according according according to to to to the the the the commerce commerce commerce commerce department department department department in in in in all all all all of of of of last last last last year year year year nearly nearly nearly nearly one one one one point point point point six six six six million million million million housing housing housing housing units units units units were were were were started started started started on on on on more more more more than than than than fifteen fifteen fifteen fifteen percent percent percent percent increase increase increase increase over over over over the the the the year year year year before before before before applications applications applications applications for for for for building building building building permits permits permits permits which which which which can can can can forecast forecast forecast forecast future future future future building building building building activity activity activity activity rose rose rose rose a a a a whopping whopping whopping whopping nine nine nine nine point point point point one one one one percent percent percent percent to to to to a a a a seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted rate rate rate rate of of of of one one one one point point point point eight eight eight eight seven seven seven seven million million million million units units units units that's that's that's that's the the the the strongest strongest strongest strongest month month month month for for for for permits permits permits permits since since since since January January January January of of of of last last last last year year year year I'm I'm I'm I'm Julie Julie Julie Julie Walker Walker Walker Walker

U. U. U. U. Commerce Commerce Commerce Com Julie Julie Julie Julie Walker Walker
December retail sales slide 1.9% amid shortages, omicron

AP News Radio

00:52 sec | 4 months ago

December retail sales slide 1.9% amid shortages, omicron

"The the government's government's latest latest figures figures show show retail retail sales sales actually actually fell fell in in December December I'm I'm Ben Ben Thomas Thomas with with a a closer closer look look product product shortages shortages rising rising prices prices and and the the arrival arrival of of the the Omicron Omicron variant variant of of covert covert nineteen nineteen prompted prompted Americans Americans to to sharply sharply cut cut their their spending spending last last month month as as the the holiday holiday shopping shopping season season rolled rolled to to its its conclusion conclusion the the commerce commerce department department reports reports retail retail sales sales fell fell a a seasonally seasonally adjusted adjusted one one point point nine nine percent percent from from November November restaurant restaurant sales sales slipped slipped eight eight tenths tenths of of a a percent percent what what department department stores stores fell fell seven seven percent percent in in online online sales sales dropped dropped eight eight point point seven seven percent percent still still not not followed followed a a burst burst of of spending spending in in the the fall fall that that helped helped bolster bolster the the holiday holiday season season November November sales sales were were up up three three tenths tenths of of a a percent percent over over October's October's jump jump of of one one point point eight eight percent percent in in compared compared with with December December twenty twenty twenty twenty last last month's month's retail retail sales sales for for sixteen sixteen point point nine nine percent percent higher higher I'm I'm Ben Ben Thomas Thomas

Ben Ben Thomas Thomas Commerce Commerce Department D Department Department Government
November trade deficit hits near record-high $80.2 billion

AP News Radio

00:41 sec | 4 months ago

November trade deficit hits near record-high $80.2 billion

"The the US US trade trade deficit deficit surges surges to to a a near near record record high high exports exports slowed slowed in in November November while while imports imports jumped jumped sharply sharply resulting resulting in in a a trade trade deficit deficit of of eighty eighty billion billion dollars dollars the the commerce commerce department department says says that's that's nineteen nineteen percent percent higher higher than than the the October October deficit deficit of of sixty sixty seven seven billion billion and and just just below below the the all all time time monthly monthly record record of of eighty eighty one one billion billion dollars dollars through through the the first first eleven eleven months months of of this this year year the the U. U. S. S. trade trade deficit deficit is is nearly nearly twenty twenty nine nine percent percent higher higher than than during during the the same same period period last last year year the the economic economic recovery recovery in in the the United United States States is is outpacing outpacing other other nations nations yes yes is is the the readiness readiness of of Americans Americans to to spend spend my my camp camp in in Washington Washington

Commerce Commerce Department D United States United United States States U. Washington
Consumer prices up 5.7% over past year, fastest in 39 years

AP News Radio

00:41 sec | 5 months ago

Consumer prices up 5.7% over past year, fastest in 39 years

"Consumer consumer prices prices soared soared again again last last month month I'm I'm Ben Ben Thomas Thomas with with a a look look at at the the numbers numbers the the commerce commerce department department reports reports prices prices at at the the consumer consumer level level were were up up five five point point seven seven percent percent over over November November of of last last year year that that puts puts inflation inflation at at its its fastest fastest pace pace in in thirty thirty nine nine years years following following a a five five point point one one percent percent rise rise in in October October annual annual price price gains gains are are running running well well above above the the federal federal reserve's reserve's two two percent percent target target for for inflation inflation the the commerce commerce department department report report also also shows shows consumer consumer spending spending was was up up in in November November six six tenths tenths of of a a percent percent that that solid solid though though down down from from October's October's search search of of one one point point four four percent percent personal personal incomes incomes meanwhile meanwhile rose rose four four tenths tenths of of a a percent percent November November slightly slightly lower lower than than October's October's gain gain Ben Ben Thomas Thomas Washington Washington

Commerce Commerce Department D Ben Ben Thomas Thomas Federal Federal Reserve Ben Ben Thomas Thomas Washingt Washington
US economy grew at 2.3% rate in Q3, up from earlier estimate

AP News Radio

00:41 sec | 5 months ago

US economy grew at 2.3% rate in Q3, up from earlier estimate

"The the government's government's final final estimate estimate of of third third quarter quarter economic economic growth growth is is in in and and it's it's up up I'm I'm Ben Ben Thomas Thomas with with a a look look at at the the numbers numbers the the commerce commerce department department says says the the gross gross domestic domestic product product grew grew at at a a two two point point three three percent percent rate rate in in the the third third quarter quarter that's that's a a slight slight increase increase from from the the previous previous estimate estimate with with the the new new found found strength strength coming coming from from consumer consumer spending spending and and businesses businesses rebuilding rebuilding inventories inventories involves involves explosive explosive growth growth of of six six point point three three and and six six point point seven seven percent percent in in the the first first two two quarters quarters of of the the year year the the summer summer emergence emergence of of the the delta delta variant variant of of code code nineteen nineteen took took the the blame blame for for much much of of the the third third quarter quarter slowdown slowdown now now the the rapid rapid spread spread of of the the Omicron Omicron variant variant on on top top of of high high inflation inflation and and lingering lingering supply supply chain chain issues issues are are raising raising concerns concerns about about future future growth growth Ben Ben Thomas Thomas Washington Washington

Ben Ben Thomas Thomas Commerce Commerce Department D Delta Delta Government Ben Ben Thomas Thomas Washingt Washington
Congress approves import ban targeting forced labor in China

AP News Radio

01:07 min | 5 months ago

Congress approves import ban targeting forced labor in China

"Congress Congress has has approved approved an an import import ban ban targeting targeting forced forced labor labor in in China China well well the the Biden Biden administration administration is is imposing imposing sanctions sanctions on on Beijing Beijing over over abuse abuse of of Uighurs Uighurs I'm I'm Ben Ben Thomas Thomas with with the the latest latest the the Senate Senate has has given given final final approval approval to to a a bill bill barring barring all all imports imports from from China's China's Xinjiang Xinjiang region region unless unless businesses businesses can can prove prove they they were were produced produced without without forced forced labor labor senator senator Marco Marco Rubio Rubio it it basically basically says says that that you you can't can't import import products products into into the the United United States States that that are are made made by by slave slave labor labor he he adds adds it's it's already already illegal illegal by by the the way way to to to to bring bring goods goods made made with with slave slave labor labor it's it's been been that that way way since since the the nineteen nineteen thirties thirties and and yet yet it it still still happened happened Rubio Rubio says says many many companies companies have have already already taken taken steps steps to to insure insure their their supply supply chains chains do do not not include include products products made made by by the the forced forced labor labor of of China's China's Uighur Uighur population population and and those those who who haven't haven't will will no no longer longer be be able able to to make make Americans Americans unwitting unwitting accomplices accomplices and and the the atrocities atrocities and and the the genocide genocide is is being being committed committed by by the the Chinese Chinese Communist Communist Party Party meanwhile meanwhile the the commerce commerce department department levied levied new new sanctions sanctions targeting targeting Chinese Chinese biotech biotech and and surveillance surveillance companies companies leading leading drone drone manufacturer manufacturer and and government government entities entities for for their their actions actions in in Xinjiang Xinjiang Ben Ben Thomas Thomas Washington Washington

China Biden Biden Administration Adm Ben Ben Thomas Thomas Xinjiang Xinjiang Beijing Senator Marco Marco Rubio Rubi Congress United United States States Senate Rubio Rubio Chinese Chinese Communist Comm Commerce Commerce Department D Ben Ben Thomas Thomas Washingt Washington
US home construction jumps 11.8% in November

AP News Radio

00:33 sec | 5 months ago

US home construction jumps 11.8% in November

"Another another jump jump in in home home construction construction in in the the U. U. S. S. home home construction construction rose rose by by nearly nearly twelve twelve percent percent in in November November with with strong strong demand demand boosting boosting builder builder confidence confidence the the commerce commerce department department says says the the seasonally seasonally adjusted adjusted annual annual rate rate was was eight eight percent percent higher higher than than at at this this time time a a year year ago ago construction construction of of single single family family homes homes and and apartments apartments were were both both up up by by more more than than ten ten percent percent from from October October the the northeast northeast posted posted the the biggest biggest gain gain at at twenty twenty seven seven percent percent while while activity activity in in the the Midwest Midwest declined declined by by seven seven percent percent my my camp camp in in Washington Washington

U. U. Commerce Commerce Department D Northeast Northeast Midwest Midwest Washington
Nov. retail sales up modest 0.3% as Americans keep spending

AP News Radio

00:49 sec | 5 months ago

Nov. retail sales up modest 0.3% as Americans keep spending

"Retail retail sales sales rose rose last last month month but but not not as as much much as as economists economists had had expected expected I've I've been been Thomas Thomas with with the the latest latest numbers numbers the the commerce commerce department department says says retail retail sales sales rose rose a a modest modest three three tenths tenths of of a a percent percent in in November November compared compared with with the the month month before before that that represents represents a a slowing slowing from from October's October's revised revised gain gain of of one one point point eight eight percent percent online online sales sales were were unchanged unchanged while while sales sales at at department department stores stores actually actually fell fell five five point point four four percent percent electronics electronics stores stores also also saw saw a a dip dip posting posting up up four four point point six six percent percent decline decline but but restaurant restaurant sales sales rose rose one one percent percent while while business business at at food food and and beverage beverage stores stores was was up up one one point point three three percent percent overall overall sales sales rose rose despite despite retailers retailers dealing dealing with with a a host host of of challenges challenges many many of of had had to to sharply sharply increase increase paid paid to to find find and and keep keep workers workers in in summer summer struggling struggling to to keep keep shelves shelves stocked stocked with with supply supply chains chains still still backed backed up up I'm I'm Ben Ben Thomas Thomas

Commerce Commerce Department D Thomas Thomas Department Department Ben Ben Thomas Thomas
 US trade deficit hits record of $80.9 billion in September

AP News Radio

00:42 sec | 7 months ago

US trade deficit hits record of $80.9 billion in September

"The US trade deficit has reached an all time high the trade deficit was just under eighty one billion dollars in September the highest it has ever been the previous high was seventy three billion in June the deficit is the gap between what the U. S. exports to the rest of the world in the imports it purchases from other countries the commerce department says exports dropped three percent in September while imports increased six tenths of one percent part of the export decline was due to a nearly sixteen percent drop in petroleum exports related to drilling rig an oil refinery shutdowns during hurricane Ivan in the Gulf of Mexico my camp in Washington

U. Commerce Department United States Hurricane Ivan Gulf Of Mexico Washington
"us commerce department" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

08:57 min | 1 year ago

"us commerce department" Discussed on WSJ Tech News Briefing

"Russia is suspected of having multiple us government agencies including the department of homeland security and the commerce treasury departments. The heck is said to have gone undetected for months the investigation is still underway. And there's a lot we don't know yet but when the smoke clears matter say the breach could amount to one of the most significant national security failures in years or puerto dustin bolts cover cybersecurity and intelligence for the wall street journal and he joins us now to talk more about this destined. Thanks for joining me. Humanity could be here all right. So what do we know about who these hackers are and how they gained access so we are still learning a lot about this hack and how it came to be and who's behind it but what we are hearing so far from our sources in and outside the government is that this is believed to be russia's foreign intelligence service. This is an elite cyber espionage group that has engaged in successful cyber attacks against government agencies in the past most notably they preached the obama administration several years ago including the state department in the white house also in the lead up to the two thousand sixteen election. They were also implicated in hacking the democratic national committee. They are not the group that ultimately was responsible for leaking those emails and sort of interfering in the election. That was a separate russian group but this group had been actually in the dnc systems for a longer amount of time sort of quietly engaging and political espionage so this is a confirmed that it is these russians. These are very very capable. Hackers considered some of the best spies basically in the world when it comes to this type of behavior and what we know about how they gain access to all these agencies so the suspected russian operation involved basically hijacking a routine software update mechanism for this company called solar winds that does network management four tons of government agencies and more than four hundred of the fortune five hundred companies in the us essentially by hijacking this software upgrading mechanism <hes>. The hackers were able to build a backdoor into the networks of targets that they wanted to pursue and over the course of several months. We actually think this dates back to march of this year. According to solar winds and other sources they were able to determine which ones they wanted to go after based on their intelligence directives and burrow into their systems and lie in wait for for weeks or months scanning emails spying on internal communications. And that sort of thing. This is sort of a cybersecurity. Professionals would call a supply chain attack where they're able to compromise something that is used widely by a lot of different customers and then by doing that they can sort of have free rein to go after the victims that are then compromised as a result of that attack. We should note here. That russia has denied responsibility for the attack destined. How big a deal is this breach in relation to what we've seen before. Can you just kind of put this into context for us. This is a very significant breach. The only question is sort of how significant it is and is it going to count eventually when all said and done as one of the worst cyber breaches on record. Someone i spoke to. He told me that on a scale of one to ten in terms of severity. This ranks as a tent and the expectation is that in the coming days and weeks. We're probably going to learn about a lot. More government agencies that were breached as well as potentially any number of private networks ranging from defense contractors to accounting firms to a major major companies and all sorts of industries that would be potentially relevant to the hackers. There's a lot remains to be seen about how significant this is. But this is certainly alarming folks inside the government and around the cyber security community. It is worth noting that by all accounts. This is cyber espionage campaign. This was not something that was destructive. This was not you know. This wasn't a ransomware attack. Where hospital now works. Were being frozen opera. Something and they were unable to access patient data. This wasn't it's like some of the major attacks we've seen in recent years that were attributed to north korea for example that did damage to hundreds of thousands of systems around the world. This does appear to be classic espionage but very very significant espionage that got it and this is the result of hackers exploiting of onery product by a private company that's commonly used by the government among other customers. You know it sounds like every link in the chain has to be secure in order to keep your systems safe. How does the government do that is even possible. That is a question and that is something that a lot of folks and government has spent years trying to focus on and they have not come up with a clear easy solution. The reality is that the federal government uses hundreds or thousands of vendors across all the agencies and it is very difficult to maintain the security across the entire supply chain. It's easy to forget that. Just a few years ago several agencies. We're using ski lab products. Despite widespread concerns that that russia antivirus company could potentially be a security risk. Because i of course you know denied all those allegations but the risks were very well known in the us government but they were still being used widely in several different agencies. And so when you sort of take a step back and you realize there's just tons and tons of vendors being used it is really really difficult to ensure the security of all of them and make sure that they're dealing with all the best practices and protecting their systems as much as they should be but this is the lawmakers in both parties have brought attention to that they've raised concern about. And and this is certainly going to add to the level of scrutiny. Another thing that i think is worth noting solar winds actually listed on its publicly available website. All of its many government clients and a lot of his high profile private sector clients. So if you are a hacker with a foreign government this is sort of a roadmap for you to know that. Hey if i can infiltrate these guys. I'll have the keys to the kingdom for all sorts of folks for example in the nsa nasa all branches of the military again more than four hundred the top five hundred fortune five hundred companies and they were all publicly listed on solar wins website as customers and so it would be very easy to identify them as a top target given the the huge range of customers that they had and you mentioned before that even figuring out the scope of this attack. Something that's gonna take days or weeks maybe months so what happens next. How does the government go about re securing. Its systems that remains to be seen as well there are lawmakers already who are saying that they are very concerned about this and that they hope that the outgoing trump administration takes seriously. But this is coming out. A uniquely vulnerable moment for the federal government given that we have a president elect joe biden set to take office and a little bit more than a month. And so it's not clear how. The trump administration plans to respond or mitigate these issues the department of homeland security's cyber wing did issue an emergency directive telling all civilian agencies to immediately uninstall the software from their systems. But that alone won't necessarily fix the problem because the hackers already and getting rid of that software doesn't necessarily in the fight certainly. This is something that folks are concerned about the administration and it's going to be a top concern for the incoming biden administration. I mean imagine a world which now seems that we're in where the administration is taking office shortly after. Several of the federal agencies have been ransacked by a hostile power. It looks like that's what's happening and it seems like that's going to be a serious issue that the biden administration is going to have to deal with wants to take office on january twentieth. And i just want to widen out for a second here. You cover cybersecurity intelligence forest and it has been a really busy year for your beat. It seems like every week practically. We're learning about new breaches. Why is that because twenty twenty has just been one heck of a year. I mean the reality is. There's a lot of added vulnerabilities given the pandemic right. So people are working from home meaning that they're relying more on technology than ever before that is allowed. Hackers to have added opportunities to mess with businesses. Hospitals have been obviously stressed under the pandemic meaning. That ransomware attacks on on their systems are more urgent than ever. And at the same time. You have a lot of foreign governments and others who are very interested in stealing vaccine research and so when you add all those things together. In addition to the fact that there was an election in which they're were heightened concerns about four interference. There was just sort of a lot of things happening in the world that made us more vulnerable and more at risk for cybersecurity episodes. And what you're seeing right now could have happened regardless of the pandemic but the reality is that i think twenty twenty showed us. Just how reliant. We are technology and how we need to be ever vigilant dealing with those threats.

commerce treasury departments obama administration russia federal government department of homeland securit democratic national committee dustin the wall street journal dnc Russia white house north korea us nsa nasa joe biden biden administration
"us commerce department" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

07:06 min | 1 year ago

"us commerce department" Discussed on WNYC 93.9 FM

"Their job is to reflect the democratic vote of people in their states. Ah majority is set to elected Joe Biden despite President Trump's weeks of efforts to subvert democracy. Courts rejected dozens of baseless lawsuits to overturn the vote. President Trump and most House Republicans signed onto a suit asking the Supreme Court to intervene, but the court declined to interfere with today's electoral college vote. Even Amy Cockney Barrett, the justice Trump explicitly appointed to rule on his re election. Found no reason to hear the spurious case. NPR White House correspondent Tamara Keith is covering the story, Tam Good morning. Good morning. How does it work today? This happens every four years, but normally we barely pay attention. That's correct. There are 538 members of the Electoral College. They will meet mostly in state capitals. Thies electors are chosen by state political parties, and they're really just there to take the popular vote tallies in their states and make them official s O. This process will happen all over the country. At the end of it, Joe Biden will have more than 270 electoral votes needed to become president. But there is always one more step, and Congress meets on January 6th in a joint session to count these votes. Yeah, that happened four years ago, I was watching the video. The vice president is presiding in Congress is they affirmed the election of Donald Trump in the person doing it then was Vice President Joe Biden. This time around of Joe Biden becomes president and the president elect gives a prime time address tonight. What might he say so his his transition team is saying that he will speak on the electoral vote of sort of certification. And quote the strength and resiliency of our democracy. So that hints it where he's headed. The transition held a press briefing yesterday and campaign manager turned future. Deputy Chief of Staff Gen. O'Malley Dillon said that This will just be the latest instance of Biden winning this election. Electors will vote in a process determined by their own states throughout the day, and it will clearly reinforce exactly what's been true for weeks and weeks and weeks. And what stood out to me about this call yesterday was that the Biden team felt like they needed to hold a whole press briefing to talk about how he won all the ways that he won just to sort of re infected. We reinforce the fact that he won as President Trump continues to deny the result on Gui should note. The president went on Fox yesterday to say he is going to fight on, although his side has given no evidence and dozens of Lawsuits and the president continues to tweet, conspiracy theories and lies. That's what he's got. That's what his case is, But I want to note Tamra this, spurring this lawsuit that was rejected by the Supreme Court. Well over 100. House Republicans supported this effort to do away with democracy and just make Trump president for four more years. What does that say about the president's party now? It's not clear how much of that was performative like they knew that this was going to fail. So why not just to show support for the president and how much of it was a genuine effort by members of Congress? Rich overturn the results of a free and fair election that also elected many of them, But you know Biden's teams we should note every single one of them was elected in that, But anyway, go on. Go on, please. Yeah, And you know, the president know just keeps moving the goal posts of and many members of Congress had said well after the electoral College votes well, now he's saying after those votes are counted in January. Hammer. Thanks for the update. You're welcome. That's NPR. White House correspondent Tamara Keith. Okay. U. S cyber security officials were braced for Russian interference ahead of last month's election. But they said that kind of attack never came. Instead, it looks like Russia was busy elsewhere. It was apparently hacking US government agencies. Not directly involved in the election. Wow. For more. We're joined by NPR national security correspondent Greg Marie Greg. Good morning. Good morning, Steve. I guess we should note. This is hacking. It's covert activity. We may not have all the information but what is not Well, the leading suspect is the Russian foreign Intelligence Service, the SVR. It's the Russian equivalent of the CIA, and it seems that minimum they've penetrated computers at the Treasury Department and the Commerce Department. This is apparently been going on for months, and it was only recently uncovered by U. S authorities, Askew noted. We don't have many details, but the Department of Homeland Security has acknowledged the breach. And it says they're working closely with agency partners regarding what they call this recently discovered activity on government networks. What information did the hackers get? Well, the government is maybe In that kind of damage assessment Right now, the email systems were hacked course that raises the questions. What was this just routine office email. Or was it more important classified information? And while we're hearing about the Treasury Department in Commerce Department's initially being happy There are certainly concerns that it could have spread much more widely to other government departments and agencies. Any idea why treasury and commerce would be and would be targeted by a foreign actor? Well, we don't know precisely mean obviously they would have valuable business and financial information, but it's also quite possible. This was simply how the hackers found a way into the government networks. And there is certainly every expectation that other parts of the government would be be targeted as well. The last major Government hack. A perhaps of this scale was back in 2014 2015 and the Russians were responsible for that as well and that included hacking unclassified parts of the White House and the State Department and we'll repeat again. We don't know if this is classified or unclassified information that we're dealing with the Treasury and commerce this time around, But Greg This is not the only news of suspected Russian hacking in recent days. Is this. It all connected to an earlier report of hacking? It may be, and in that earlier report just came out last week from a top U. S cyber security firm Fireeye. It said some of its most valuable tools were stolen in an extremely sophisticated hack something they said they'd never seen before. These are tools that the company uses to check the networks of its clients, which include the U. S government Fire. I said it believed it was a state sponsored attack and they didn't name Russia, but that was clearly the implication. And, yes, Investigators are looking for a connection between that hack and this latest 11 possibilities. They were carried out through software updates that are widely used by government and private companies, certainly points to the fact that Russia is going after.

Joe Biden president President Trump Congress White House correspondent vice president Tamara Keith NPR Supreme Court Russia Greg This Treasury Department Commerce Department Trump Treasury Government
"us commerce department" Discussed on The Tech Guy

The Tech Guy

05:54 min | 1 year ago

"us commerce department" Discussed on The Tech Guy

"So. . I don't know what's going on. . With TIKTOK. . Today this morning. . was supposed to be the morning Tiktok was turned off and we chat to both owned by Chinese company Bite Dance. . The. . The idea. The . US Commerce Department said Nope <hes>. . <hes> because it's Chinese and you know. . You know. . You know it's a it's a threat to our great national sovereignty or something. . I don't really understand honestly the Chinese could spy on. . US I. . Guess. . I guess or then then some who are a little more nuanced say well, , it's not that they're just like our location. . But <hes> they could propagandize us. . Oh, , you mean like facebook. . Yeah. . Like that. . They don't. . They don't need Tiktok they've got facebook. . Anyway, , the this has been going on and on and on and back in. . August. . He's the president said forty five days to. . To Sell Yourself to American. . Company. . Microsoft and Walmart were bidding. . So was Oracle, , which is a big database company not really widely known among consumers but. . A A very popular database for reasons no one understands fully in enterprise because it's not it's terrible but anyway, , it's. . It's been here a long time. I . think it's really why it's so successful its owner Larry Ellison has become one of the wealthiest men in the world is busy bidding building building big yachts bigger than other people's yachts. . That's what that's what you do. . If you're a billionaire, , you just build I, , want my yacht to be bigger. . <hes> Mr Ellison is also a supporter of the president and has held fundraisers and I think that helped a little bit. . Because last Sunday. . Microsoft said Yeah took talk. . Told US we're out. . An Oracle said, , we didn't buy it but we are a tech partner and Walmart said I'm switching teams. . I'm now with our Oracle okay. . Between the two of them. . Oracle and Walmart will have a a minority stake. . In Bite dance by giving them some amount of money. . For stock or something. . <hes> and then it's so complicated. . It turns out that that <hes> because bite dance has I think something like forty percent of its investors are in the US. . They're adding that to the walmarts oracle stake in the commerce. . Department says good. . That's a majority. . So, , <hes> it is now on majority US owned the president said. . All right. . That's good. . So he's approved this bid. . In concept. . He also says. . <hes> this new company which will be called Tick Tock Global. . This <hes> and so he's going to put the ban on hold for a week. . <hes> TIKTOK global will also give five billion dollars in new tax dollars to the US. . Five billion with a B. to set up. . A new education fund is really a propaganda fund. . The president has put together to teach children. . To I don't know what loved your leader anyway it's <hes> Oracle take a twelve and a half stake in TIKTOK. . Global Walmart tentatively agreed by seven and a half percent twelve <unk> makes twenty percent. . And five of four of the five board seats will be filled by Americ- Americans. . And then <hes> the courts. . The the US judge in California has issued a preliminary injunction saying you can't ban we chat. . From, , the apple and Google stores. . <hes> it's it's hard to understand really what the president would be for the Commerce Department saying Apple Google, , you have to remove an APP from the store I don't think that's ever happened before. . Commerce Department officials say we are prepared for long legal battle Oh. . Great. . Just what the world needs. . Another long legal battle. . This is this is just going to be an endless story. . Isn't it? ? Tech talk you know. . Is Is <hes> a fan favourite with the young ones? ? They? ? I don't know if you've seen it it's actually quite entertaining. . I know you've seen it because they were buying ads on the NFL football games. . Last weekend trying to guess <hes>. . Excite the American people about the potential for TIKTOK. . You know I don't have a huge. . Care A, , lot about it. . <hes>. . It's just another social network just weird that the US government says, , well, , we can ban it just we're just going to ban it. . I don't think I don't know. . We chat, , which is a chat program not widely used in the US mostly by. . Chinese citizens in the US and friends Chinese Americans with friends with friends and family in China. . Because in China it's universal. . Widely, used , and not just as a chat program. . It's not another. . facebook. . Messenger. . Really, , used for everything. . So yesterday. . The President says I approve the deal. . In concept. . <hes>. . We have and I think quite reasonably blocked. . Chinese. . Companies like wow way, and , Z. T.. . Because <hes> they are network companies and while whe. . Especially has a lot of equipment in the five G. Networks and the threat is that an order from the Chinese government which would be fully legal in China to a Chinese company would say, , Hey, , just cut off that American stuff just turn it off or but get or so I can understand the reason to do that. . Take talk a little bit more tenuous. .

president US Oracle Walmart US Commerce Department facebook skype partner Microsoft Larry Ellison Bite Dance Canada
"us commerce department" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:41 min | 3 years ago

"us commerce department" Discussed on Bloomberg Radio New York

"On your business landscape changing. Into an all out trade. Does the fed turn a little softer? Do we get any agreement on US China, we have something else in common towel? They right size their portfolio. The latest business news where he ever, we all Muskie's reinventing manufacturing processes, stay sex on Bloomberg radio. The Bloomberg business app and bloombergradio dot com. The world is listening. Let's get straight back to, to buy Christine joins us with the business Christine. Theo and founder renting face as he doesn't expect US restrictions to hurt the Chinese companies growth, very much. That's according to Japanese news. Agency negate it was his first media statement since President Trump and the US Commerce Department imposed restrictions on the company on may fifteenth. Here. Paean car sales have fallen for the eighth month in a row. Registrations were down one percent in April sales were down more than four percents in the UK out consumers put off big ticket purchases because of uncertainty over Brexit. And sales shares of the British store operator. Thomas, Cook plunged, forty percents on Friday out, CitiGroup said, they are affectively worthless, the Bank estimates at the firm store, operations in airline, businesses are worth more than nine hundred forty million dollars. But it says that the company's debt wipes out that value and now is your Bloomberg business flash. Thank you very much. Thank you.

US Bloomberg US Commerce Department Christine Theo Muskie CitiGroup Trump China President UK Brexit founder Thomas Bank Cook nine hundred forty million dol one percent
"us commerce department" Discussed on WGN Radio

WGN Radio

02:16 min | 3 years ago

"us commerce department" Discussed on WGN Radio

"Your money on WGN, the snow and cold don't scare orients Samuelson. Do they not at all? But the market does today and particularly the fourth quarter results issued today by Caterpillar Caterpillar opened about eight percent. Six percent lower now down about nine point eight percent and caterpillars set for the biggest intraday percentage laws since March of two thousand and nine Caterpillar, of course, is the world's largest manufacturer of earth-moving equipment. And they said that the global economic activity benefited in the past year. But once the International Monetary Fund called the strongest global growth surge since two thousand ten wherever that tariff war between the United States and trade partners, including. China has exacerbated fears of glowing a global slowdown data from China this morning indicating to the economy is slowing even more than we have been talking. And as a result. We're looking at not only US markets, but European markets as well. Trading over today and Wall Street analysts expect tesla to forecast a loss for the first quarter. When it reports results on Wednesday having changed their expectations for a prophet after. Chief executive officer Elon Musk warned a quote, very difficult. Road ahead January eighteen PNM's thousands of job cuts said the electric car maker was targeting quote, a tiny profit in the first quarter with great difficulty effort and some look. And the US Commerce Department is working now to make up for the lost data reports that were not issued because of the government shutdown officials scrambling to restart data reports on the US economy. Economists investors.

Caterpillar Caterpillar United States US Commerce Department WGN China International Monetary Fund Elon Musk PNM Samuelson Chief executive officer tesla eight percent Six percent
"us commerce department" Discussed on Liberty Talk FM

Liberty Talk FM

01:45 min | 3 years ago

"us commerce department" Discussed on Liberty Talk FM

"I'm already deadly at least five people killed in weather related crashes in Kansas and Missouri more than a foot of snow in Saint Louis stranding some thirteen hundred motorists overnight, including this woman stuck on. I forty four. She says she only had to travel to exits to get home from work last night, which she says she left early not a happy camper. Not something that I could have prevented. I completely think that mo- dot fell. This fires them cleaning the Rosen being prepared for this. I've never seen anything like this seven hundred accidents in Missouri alone, thousands of flights canceled or delayed with airlines waiving fees to change flights. The storm heading to the middle Atlantic states dumping snow on roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much snow. The national weather service and Noah part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they're not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in day twenty to the longest shutdown in history. The house in recess until January twenty second to allow members to do work in their home districts. President Trump is not pleased in a tweet. He's accusing Democrats have going on vacation also predicting the shutdown could last. For a long time. One positive piece of news. What happened to carry walls of Ashburn Virginia? Her husband works for the federal government, Mr. paycheck yesterday family should.

Missouri federal government Saint Louis middle Atlantic US Commerce Department President Trump Ashburn Virginia Rosen Kansas New York City Noah twenty second
"us commerce department" Discussed on News Radio 810 WGY

News Radio 810 WGY

01:49 min | 3 years ago

"us commerce department" Discussed on News Radio 810 WGY

"Now heading east. I'm Jay Metzler. Fox news. This winter storm already deadly at least five people killed in weather related crashes in Kansas and Missouri. More than a foot of snow in Saint Louis stranding some thirteen hundred motorists overnight, including this woman stuck on. I forty four. She says she only had to travel to exits to get home from work last night, which she says she left early not a happy camper. Not something that I could have prevented. I completely think that Modi trail this far as cleaning the and being prepared for that. We're going to have a role. I've never seen him like this seven hundred accidents in Missouri alone, thousands of flights canceled or delayed with airlines waiving fees to change flights. The storm heading to the middle Atlantic states dumping snow one roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much snow. The national weather service and Noah part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they're not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in day twenty to the longest shutdown in history. The house in recess until January twenty second to allow members to do work in their home districts. President Trump is not pleased in a tweet. He's accusing Democrats have going on vacation also predicting the shutdown could. Last a long time. One positive piece of news. What happened to carry walls of Ashburn Virginia? Her husband works for the federal government, Mr. paycheck yesterday family should be. Okay..

Missouri Jay Metzler federal government middle Atlantic Saint Louis Modi Ashburn Virginia Fox US Commerce Department President Trump New York City Noah Kansas twenty second
"us commerce department" Discussed on TalkRadio 630 KHOW

TalkRadio 630 KHOW

01:51 min | 3 years ago

"us commerce department" Discussed on TalkRadio 630 KHOW

"Masekela mid west and now heading east. I'm Jane Metzler, Fox News. This winter storm already deadly at least five people killed in weather related crashes in Kansas and Missouri. More than a foot of snow in Saint Louis stranding some thirteen hundred motorists overnight, including this woman stuck on. I forty four. She says she only had to travel to exits to get home from work last night, which she says she left early not a happy camper. Not something that I could have prevented. I completely things that mode. Fail. This cleaning the Rosen being prepared for this. We're going to have payroll role. Seven hundred accidents in Missouri alone, thousands of flights canceled or delayed with airlines waiving fees to change flights. The storm heading to the middle Atlantic states dumping snow on roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much snow. The national weather service and Noah part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they're not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in day twenty to the longest shutdown in history. The house in recess until January twenty second to allow members to do work in their home districts. President Trump is not pleased in a tweet. He's accusing Democrats have going on vacation also predicting the shutdown could laugh. Last a long time. One positive piece of news. What happened to carry walls of Ashburn Virginia? Her husband works for the federal government, Mr. paycheck yesterday family should be. Okay..

Missouri Jane Metzler federal government Fox News middle Atlantic Saint Louis Ashburn Virginia US Commerce Department President Trump Rosen Kansas New York City Noah twenty second
"us commerce department" Discussed on KNST AM 790

KNST AM 790

01:51 min | 3 years ago

"us commerce department" Discussed on KNST AM 790

"West and now heading east. I'm Jane Metzler, Fox News. This winter storm already deadly. At least my people killed in weather related crashes in Kansas and Missouri more than a foot of snow in Saint Louis stranding some thirteen hundred motorists overnight, including this woman stuck on. I forty four. She says she only had to travel to exits to get home from work last night, which she says she left early not a happy camper. Not something that I could have prevented. I completely think that Modi sale. This them cleaning Rosen being prepared for this. We're going to have payroll tax never seen. Seven hundred accidents in Missouri alone, thousands of flights canceled or delayed with airlines waiving fees to change flights. The storm heading to the middle Atlantic states dumping snow on roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much snow. The national weather service and Noah part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they're not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in day twenty to the longest shutdown in history. The house in recess until January twenty second to allow members to do work in their home districts. President Trump is not pleased in a tweet. He's accusing Democrats have going on vacation also predicting the shutdown could last a long time. One positive piece of news. What happened to carry walls of Ashburn Virginia? Her husband works for the federal government, Mr. paycheck yesterday family should be. Okay. She picked up on.

Missouri Jane Metzler federal government Fox News middle Atlantic Ashburn Virginia US Commerce Department President Trump Saint Louis Rosen New York City Noah Kansas twenty second
"us commerce department" Discussed on News Radio 810 WGY

News Radio 810 WGY

01:51 min | 3 years ago

"us commerce department" Discussed on News Radio 810 WGY

"Making a mess mid west and now heading east. I'm Jane Metzler, Fox News. This winter storm already deadly at least five people killed in weather related crashes in Kansas and Missouri. More than a foot of snow in Saint Louis stranding some thirteen hundred motorists overnight, including this woman stuck on. I forty four. She says she only had to travel to exits to get home from work last night, which she says she left early not a happy camper. Not something that I could have prevented. I completely think that mode cleaning the Rosen being prepared for this. I've never seen anything like this seven hundred accidents in Missouri alone, thousands of flights canceled or delayed with airlines waiving fees to change flights. The storm heading to the middle Atlantic states dumping snow on roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much snow. The national weather service and Noah part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they're not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in day twenty to the longest shutdown in history. The house in recess until January twenty second to allow members to do work in their home districts. President Trump is not pleased in tweet he's accusing Democrats have going on vacation. Also, predicting the shutdown could last a long tongue name one positive piece of news. What happened to carry walls of Ashburn Virginia? Her husband works for the federal government, Mr. paycheck yesterday family should be..

Missouri Jane Metzler federal government Fox News middle Atlantic Saint Louis Ashburn Virginia US Commerce Department President Trump Rosen New York City Noah Kansas twenty second
"us commerce department" Discussed on 106.1 FM WTKK

106.1 FM WTKK

01:49 min | 3 years ago

"us commerce department" Discussed on 106.1 FM WTKK

"And now heading east time, Jane Metzler, Fox News this winter storm already deadly at least five people killed in weather related crashes in Kansas and Missouri. More than a foot of snow in Saint Louis stranding some thirteen hundred motorists overnight, including this woman stuck on. I forty four. She says she only had to travel to exits to get home from work last night, which she says she left early not a happy camper. Not something that I could have prevented. I completely think that Modi trail. This fires them cleaning the rose being prepared for this. We're going to roll. I've never seen him to seven hundred accidents in Missouri alone, thousands of flights canceled or delayed with airlines waiving fees to change flights. The storm heading to the middle Atlantic states dumping snow on roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much snow. The national weather service and Noah part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they're not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in day twenty to the longest shutdown in history. The house in recess until January twenty second to allow members to do work in their home districts. President Trump is not pleased in a tweet. He's accusing Democrats have going on vacation also predicting the shutdown could last. A long time. One positive piece of news. What happened to carry walls of Ashburn Virginia? Her husband works for the federal government, Mr. paycheck yesterday family should.

Missouri federal government Jane Metzler Modi trail Saint Louis middle Atlantic US Commerce Department Ashburn Virginia Fox News President Trump New York City Kansas Noah twenty second
"us commerce department" Discussed on WIBC 93.1FM

WIBC 93.1FM

01:57 min | 3 years ago

"us commerce department" Discussed on WIBC 93.1FM

"Three WIBC HD. Indianapolis. Masekela mid west and now heading east. I'm Jay Metzler. Fox news. This winter storm already deadly at least five people killed in weather related crashes in Kansas and Missouri. More than a foot of snow in Saint Louis stranding some thirteen hundred motorists overnight, including this woman stuck on. I forty four. She says she only had to travel to exits to get home from work last night, which she says she left early not a happy camper. Not something that I could have prevented. I think that mo- dot fell this cleaning arose. Prepared for this. Never seen anything like this before. Seven hundred accidents in Missouri alone, thousands of flights canceled or delayed with airlines waiving fees to change flights. The storm heading to the middle Atlantic states dumping snow on roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much snow. The national weather service and Noah part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they're not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in day twenty to the longest shutdown in history. The house in recess until January twenty second to allow members to do work in their home districts. President Trump is not pleased in a tweet. He's accusing Democrats have going on vacation also predicting the shutdown could last a long time one positive piece. Piece of news. What happened to carry walls of Ashburn Virginia? Her husband works for the federal government, Mr. paycheck yesterday family should be. Okay. She picked up all.

Missouri federal government Jay Metzler Indianapolis middle Atlantic Saint Louis Ashburn Virginia US Commerce Department President Trump Fox New York City Noah Kansas twenty second
"us commerce department" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

01:42 min | 3 years ago

"us commerce department" Discussed on Newsradio 1200 WOAI

"Snow scrambling some thirteen hundred motorists guesting this Saint Louis woman on I four overnight only had access to get home from work. She left early says something is furious. Not something that I could have prevented. Completely things that. Being prepared for this. I've never seen him. Do. I seven hundred accidents alone thousands of flights canceled or delayed airlines waiving fees to change flights. The storm heading now to the middle Atlantic states twelve now on wrap this hundred miles from Rockies year city, which isn't likely to see too much, the national weather service and no up part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they are not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in its twenty second day, the longest in history the house in recess until January twenty second to allow members to do work in their home districts, President Trump not happy about that. Accusing Democrats have going on vacation. He was a member of President Obama's cabinet. Now, former housing and urban development secretary on Castro announcing he is a candidate for president speaking earlier today in San Antonio, where he served as mayor grandmother God here almost one hundred years ago. I'm sure that he never imagined..

president Castro President Obama Trump US Commerce Department Saint Louis middle Atlantic San Antonio secretary twenty second one hundred years
"us commerce department" Discussed on WCBM 680 AM

WCBM 680 AM

02:05 min | 3 years ago

"us commerce department" Discussed on WCBM 680 AM

"Therefore may not be stay connected with stimulating talk and breaking news on talkradio six eighty WCBS, Baltimore and wcbMcom. A winter storm already deadly in the mid west, China, Jane Metzler, Fox News, at least five people killed most in Missouri, and Kansas with more than a foot of snow stranding some thirteen hundred motorists including this Saint Louis woman. Stuck on I forty four overnight. She only had to go to exits to get home from work, which he left early. She says, and she is furious. Not something that I could have prevented. I completely think that Modi fell as far as I'm cleaning the rose being prepared for this. I've never seen seven hundred accidents reported in Missouri alone, thousands of flights canceled or delayed airlines waiving fees to change flights. The storm heading now to the middle Atlantic states dumping snow on roughly fifteen hundred miles from the Rockies to New York City, which isn't likely to see too much, the national weather service and no up part of the US Commerce Department, which is now shut down because of the impasse over border wall funding meteorologists are showing up for work, but they are not being paid. Neither are some eight hundred thousand other federal workers the partial government shutdown now in its twenty second day, the longest in history the house in recess until January twenty second to allow members to do work in their home districts, President Trump not happy about that. Accusing Democrats have going on vacation. He was a member of President Obama. His cabinet now. Former housing and urban development secretary Hooghly on Castro announcing he is a candidate for president speaking earlier today in San Antonio, where he served as mayor grandmother God here almost one hundred years ago. I'm sure that. Imagine..

Missouri Castro president Jane Metzler Baltimore Trump Saint Louis US Commerce Department middle Atlantic Modi Fox News President Obama China San Antonio Hooghly secretary New York City Kansas
"us commerce department" Discussed on KMJ NOW

KMJ NOW

01:49 min | 3 years ago

"us commerce department" Discussed on KMJ NOW

"Has since being pulled out, but the walls warm person inside at the time of the incident, he was rescued by to PD offices. The city wants at closures may continue in the area of Clovis avenue between Huntington and alluvial as crews continue to fix the problem. Dominate mcandrew. Cam news, blues bar Lear asking for the public's help in locating. A missing dean thirteen-year-old Adriana Santibanez last seen on Friday round eleven PM with a photo Verner came out Twitter feed. If you think about the disparities police six hundred thirty one eleven questions about whether the Trump administration should be allowed to bring back the citizenship question on the US census. Jim Roope reports. That's what a federal judge gala Virginia expected to decide early last year. The US Commerce Department announced the question, are you an American citizen will be put back on the census after seventy years of it being off, California and other states sued and the trial in federal court. They will determine if it should is underway. Now, San Francisco states opposing the question say illegal immigrants will be afraid. Need to fill out the form leading to an undercount and therefore underfunding those who support the question say like the old media campaign in the nineteen. Fifties is information federal state and local governments need, you know, your country. I'm not your country knows you arguments are expected to last the week. Jim Roope, Los Angeles. The Dow adding ninety two points right now, sixty three cloudy in Brazil this afternoon. Fifty two tonight sixty one right now Radio City news hour on the half. And when it breaks debate new stuck quite eighty one zero five nine AM. How? Hi, this is Jamie. My daughter, and I would love to take a moment to thank everyone for the warm. Welcome. We hear it auto house of Clovis have received since my husband Daryl has joined the team on auto shop talk. We're.

Jim Roope US Commerce Department Clovis US Adriana Santibanez Huntington Twitter Lear San Francisco Verner Virginia Los Angeles Radio City Daryl Brazil California Jamie seventy years thirteen-year