27 Burst results for "Vivendi"
"vivendi" Discussed on How I Built This
"Business logic of the merger was weak. This was the crazy times around the dotcom period. Sure. EOL and acquired Time Warner. So it was a merger mania around this. And then cultural differences were very significant. You could see the nuances around many, many different things. Including emails, in the U.S., we respond to email. It means in France, it was so the U.S. executives were sometimes very frustrated. And they have to wait 5 or 6 hours. Or maybe a day. So this was when something doesn't make sense. Then bad things happen. So it sounds like pretty soon after you go back to Paris to try and get this merger sorted out. In your mind at least, you're thinking, I gotta get out of here. I gotta figure out my next thing. The sequence guy is in charge of the synergies from late 2082 1001 to mid 2002 and I'm based in New York at the time. And in June, rather July, of 2002. Then the 2 million CEO is asked to leave the company that is big liquidity crisis. And the COO of the company ethical asked me to move back to Paris and now be part of the team that essentially did the restructuring of the company. So it's a different regime, there's a new CEO, a new team, and I'm part of that new executive team. So this is actually one of the best times of my life. Professional standpoint. Because this is a big crisis. And I love challenges. During the summer, I think moody tells us that we're going to run out of cash at the end of July. And so we quickly secure a €1 billion credit line and then in August another 2 billion and we have these debt maturities that are coming up. The construct of the group doesn't make sense as we've discussed. And so we have to restructure the company. And so this commando, if you will, has been assembled. This team of executives and we both have to manage the company and then see what assets we're going to sell. So we have to sort out the portfolio because we have too much debt at the time. And not much cash flow. Which was any of this anticipated by that? There was the period of 2001 early 2002, the board of Vivendi becomes increasingly concerned about how many machines running the place is making too many acquisitions so they tell him. And then there was a bit of bad luck. In the spring of 2002, as you'll remember, the financial markets froze because notably of enron. And so Vivendi had some dead maturity that in normal circumstances they would have been able to refinance. But the financial markets freeze into you really stuck at that point in time, and there was not enough focus on liquidity, real cash or cash meters. And so the reason why it was an exciting time is that we had assembled this team and we did save the company. And so for two years, learned a lot, learned how to sell businesses and we ended up selling universal to G and BC. And because in that team, I was in charge of overseeing following the U.S. assets of the company. Once we had told universal to NBC, I worked myself out of a job. Right. But very fun memory of that team, many of them are still friends and learn a ton. From that time. 2004 you leave of ending. And you go and work for a travel company, big one, Carlson, wagon lit travel company, hadn't that happen. I was approached by a headhunter to become the sea of calcium we only travel or CWD. Council of only travel has been a kind of mine at EDS. It helped them with their system. So I knew the retiring CEO at the time councils agony was a joint venture between calcium and of Minnesota. Feminine private hospitality and travel company that also owned Fridays, DJI Fridays, and reticent and whatnot. And echo the French hotel company. And it was a very much a French American company to parents 50 50 joint venture. And even though I didn't know anything about travel, they thought I could do a good job there. So did you move to Minnesota? No, the my job was based in Paris. And I would travel to Minnesota every month. Because that's where our U.S. business was based. And of course, one of our two parents was space there as well. And it's a company that I guess primarily what you were overseeing was. You were overseeing the entire portfolio, the restaurants and the hotels and this is a company that does like corporate travel and events. They cast in fact only travel is what I was first from O four to O 8. I was the CEO of that part. And that's a corporate travel agency. So what it does is works for and notably multinational companies like GE or Accenture or GPUs. When the employees need to travel, they're doing all the back end. And work with the company to optimize the travel spend. Right. And then at the end of 7, when Merlin calcine Nelson, the daughter of the founder of council decides to retire, they decide to offer me the job to be overseeing the entire company. Exactly. At that point did you were you still in Paris or were you going? This is when I moved and moved to Minneapolis at the beginning of 2008. That's when I became a CEO of California. Meantime, you're doing all these moves presumably with your family, right? They've lived in LA. They've lived in Paris, they've lived in Minnesota. And was that challenging or was that exciting for them? I think a great opportunity, right? Because the world has shrunk a sun stanislas and a daughter agat. And they've lived across the two countries. So they are bilingual. They understand two cultures. My son now lives in Dubai, my daughter in Paris. And they are quite worldly, and they're wonderful kids. Moving is never easy, but I think they found some benefit to that. My daughter went to college in New York after, I mean from a way to 2012, she went to Barnard college. And so it's been good for them. So you get to Carlson. Doesn't sound like Carlson needed a whole lot of turnaround compared to your previous experiences at EDS and Vivendi. Well, I joined calcium on March 1st to become the CEO and match first 2008. Two weeks before bear Stearns. Right. In September, we have a board meeting to discuss the strategy. That's the week that led to the Lehman Brothers weekends. And if you are in hospitality and travel, a Great Recession is not a good thing for you. And so why did a wonderful portfolio of assets with opportunities for sure, like any company, the Great Recession was a big challenge because revenue went down precipitously. Everybody stopped traveling.
"vivendi" Discussed on Bloomberg Radio New York
"Be their Vietnam Body bags in any country have an adverse effect at one point particularly when the objective may be irrelevant And so I think people would be very careful about what they can do I think it would be very painful for the Chinese to do it So they're very smart people Hopefully that will not become an issue Well that was Jamie Dimon China has a history of taking action against companies and individuals that appear to challenge its policies So an interesting story this morning Meanwhile in Central Bank moves I mentioned that the kiwi fell and as New Zealand hiked its benchmark interest rate and it signaled that it will need to tighten policy faster than previously expected in order to contain inflation The RBM Z boring costs by 25 basis points to three quarters of one percentage points and they predicted which was predicted by most economists Now the Central Bank's latest forecast show that it expects to lift the cash rate to 2% by the end of 2022 a year sooner than projected just three months ago And it deals news Bloomberg understands that KKR is considering whether to boost its offer for telecom Italia that's off to top investor Vivendi said that the 10.8 billion a bid was too low We also told that KKR is among suitors weighing off for the dataset a company global switch black stone and equinix are also looking at a bid for the business which is exploring a sale that could value it at 8 billion pounds or more So that and deals news Let's get over.
"vivendi" Discussed on Wisdom From The Top
"Traveling, certainly on the corporate side. And so and their whole business was reticent hotels, TGI Fridays. And corporate travel. Exactly. And Kelsey's marketing, which was loyalty, but also events. So we faced a major crisis, in fact, 9 we thought we were going to run out of cash. Given how significant how big was was the company's time. The company what they called the system wide revenue was about $40 billion. But the actual revenue of the company was a few $1 billion. Indirectly employed about 150,000 people, more directly, I think it was maybe 30 or 40,000 people. So for a family privately held business, that's a very significant company. In 2009, it looked like you would run out of cash. Yes. You'd been in that same position at Vivendi, right? What do you do at that point? So a few things simultaneously, we first of course we had to go after cost. And so we adjusted the cost structure by about a half a billion dollars, but we also simultaneously looked at what's the best trajectory for each one of these business. What's the strategy that's going to take each of these assets and make them the best possible? In third, we looked at the portfolio. If you're a family owned company, you don't have the access to the financial markets and for investments. So which was the best configuration of the portfolio. And we decided to sell one of the businesses, which was cast in marketing. And I had learned at Vivendi how to sell businesses. So we were able to do this, so it was a combination of restructuring and growth. So you stayed there until 2012, he turned it around. January of 2012, Forbes runs an article saying why Best Buy is going to go out of business. I think in the second quarter, Best Buy's net income still like 91%. And then it's net income in the second quarter was $12 million. That sounds like a disaster. You are announced as the CEO on the 17th of August 2012, and that day the share price drops 10%. So what shareholders are saying, who is this guy? It sounds like Best Buy was in a major crisis. What was going on that.
"vivendi" Discussed on Bloomberg Radio New York
"Italia's largest shareholder Vivendi is likely to oppose the offer which it views as undervalued The company's shares have lost half their value in 5 years and still though it is a big European deal Interesting news this morning But let's get over to Bloomberg's Leanne guerin's notes We've got all the latest in world news but of course the focus is about what happened over the weekend in Europe with more restrictions coming into force It was definitely a turbulent weekend Caroline Austria is waking up today to its fourth national lockdown since the start of the pandemic Residents will only be allowed to leave home for work essential shopping and exercise with restrictions in place until mid December Linda bald a Professor of public health says there are reasons why some nations are struggling more than the UK They deliver their second doses earlier from any older groups They're certainly seeing waning now and they've also got in some parts of the population Pockets of hesitancy which are causing real concerns So we may not be the same but it's very uncertain Meanwhile Dutch police and protesters clash for a second night in mid demonstrations against Titan virus restrictions and several European cities thousands also took to the streets of Belgium's capital Brussels yesterday Meanwhile the U.S. is moving ahead with boosters quickly and chief medical adviser Anthony Fauci is urging adults to get a third vaccine Let's listen to what he had to say There's no ambiguity about that and we really hope that people go out there and utilize this very important tool to optimize their status with regard to protection Meanwhile regulators have approved the booster vaccine for everyone 18 years and older as cases arise over in the U.S. as they do go into holiday season Now Bloomberg sources say the U.S. has shared intelligence with European allies that shows a build up of Russian troops and artillery to prepare for a rapid large scale push into Ukraine We are told the information backs up U.S. concerns about the possible intentions of Russian president Vladimir Putin Putin last week denied any intention to invade but said he welcomed the alarm as evidence his actions had got the attention of the U.S. and its allies And police in the U.S. state of Wisconsin say several people were killed when an SUV drove into a Christmas parade More than 20 people were injured when the vehicle broke through barriers and sped into the street where the parade was happening in Italian Milwaukee Please say a person of interest is now in custody as the investigation does continue Global news 24 hours a day on air and on Bloomberg quick take Powered by more than 2700 journalists and analysts symbols then 120 countries and January guerins This is Bloomberg a Caroline Great stuff Thank you so much And I go with the world news now the latest sports.
"vivendi" Discussed on The Pig Wrestlers
"And sport select committee that said what's happening with autism and writers portions of streaming revenue is not right which would be transformative it would be but it probably also break all the streaming companies because their whole model has sort of solidified around streaming royalties being a certain proportion of their costs. If you suddenly multiple that by factor of ten fifty twenty one hundred you know what if it's not streaming companies that lose out what it's the record labels or if they set you're trimming company charges thirty cents squad if i studied sent and then gibson currently is late sixty or fifty nine cent break company than eleven set everybody else and that i mean yes but you know every artist has got their own contract with their record labels and i don't necessarily think that the statue can overwrite that so statue can say simplistically speaking royalties hate to artists and writers etc needs to equal the same amount that that record maple makes and they for the record label just needs to take everything that they are and split fifty fifty one piece to them one piece to the the problem is they're not their cost models are still set up to to only work very profitable right now universal sony very very profitable in the back of streaming like I get the adults. Reports like vivendi. And universal universal spots ipo show and ten cents an old music holdings including universal and very very profitable..
"vivendi" Discussed on Chase the Vision with Isaac Mashman
"I think you know. That's what's beautiful about music and about working but these people is that you share these connections through these songs and you you can see that these whenever people will see these back off the stage right whenever you're onstage or i'm not on stage but wonders on stays in you have these. Thousands of people seem to back. It's crazy to think that you can have this connection through song just three minutes for your soul if that song ever comes out. Are you going to promote it out. Dude up yeah absolutely apply you think it will ever come out now obviously. Don't disclose the artists. No idea okay. That's got to this moment. Like hands off after the craft is done after the deeds done. You're like this is happening. Mike that's one of the worst things when it comes to artists especially being behind the scenes. Because you've heard all this stuff and you're like man. I love this. I want it to be out in. An artist is going to drop it. And you're like man. What the hell as dude. I've worked on probably sixty songs this year and like maybe three of them have come out so far like that. It's pretty frustrating. Because i'm like oh let me update by credits from two years ago. So people can hear what i've actually worked on. But like i have the files i'm just not gonna sit him something that's not released yet. I'm not going be the first so it. It can be a little frustrating there. It does happen and sometimes things don't get release you know if there's two artist involved in you know something happens where they don't agree that's on can be shelled for you know lately us yet is. That's a problem to which we didn't talk about those three. Six five deals We could let. Let's talk about those a little bit. Maybe not go super deep into record labels but maybe talk about some of the surface deals that happens because this is the other thing. Universal music group is not the top dog. that's not the top record label and people think that you g is the number one or sony. Music is the number one u. m. g. is owned by a french company. Vivendi and and you ask somebody do you know about you..
"vivendi" Discussed on Eyewitness Beauty
"Don't be shy is like allegedly what rana wears but the scoop is another superstar super duper star musician who is currently quote unquote undergoing a transformation which has already happened somewhat in her overall. Look vibe feel is launching a fragrance. Her own and it would be her first. Ud product and that's the blind item. Oh so we're not going to say who but we need to give better well when it comes out we can. We told you guys how about this. How about this. What recently vivendi enzi. What gen z. pop star. Who's no stranger to controversy. Is currently cooking up her own fragrance set to debut next year. There is no clues in any of what nectar said there. I have no what does any of that language the word a little bit of red hearing. There's nothing with this. I was just trying to use like cool word. What is her controversy. There's no controversy surrounding controversy anyway. So that's coming and we will told you told you so when it comes out and we can tell you so. I have a question nick. Do you know what feel you necas. It is a british beauty ecommerce website. Now is it. You come only though. I think so. It was like kind of the sephora dot com of the uk. There's no physical retail. No okay. Well guys. There's no real story here. Basically like sephora acquired them sephora famously didn't have a stronghold in the uk up. Until i guess now yeah but now they do so. If you are listening in the uk and you felt deprived of your sephora experience then this is a smart acquisition. Let's talk about your favorite. Marc jacobs who refuses to come on the pod your fuses. I love like hell messy. He is in how he puts his facelift on instagram. And how he's like in a hyperbaric chamber like chilling. I thought he was like sick with kobe but he just got a facelift. Marc jacobs got facelift..
"vivendi" Discussed on Squawk Pod
"Swift and lady gaga in a letter to investors in hispanic ackman said specs board unanimously decided not to move forward this after the sec privately took issue with several elements of the proposed deal that a. could have potentially blocked it including whether it's structure met. Nyse rules now. Akron says he still intends to become a long-term universal shareholder when the company owned by french group. Vivendi goes public in september His back will now look for a new combination target and joining us right now. Exclusively to talk about that and so much more is bill. Ackman ceo of pershing square capital management bill. It's great to see this morning To be able to talk to you on a morning when this headline emerged and this deal has effectively been called off. I do know that your hedge fund will now step into the place effectively of the spec but tell us what happened. Sure so just to rewind. Go back just a few weeks We announced transaction and a couple of weeks later Before we signed the deal the sec came to us and said we have some concern about whether remain co this anti. We're creating was going to become an investment company and order to address the concern. We changed the structure of the deal to provide that. We're going to contribute the stock that we purchased to a trust and we thought that would address the issue and then we signed the deal and then we push forward with the transaction and then actually in the last week last few days the sec raised. I would say deal killer. Which is they. They said that in their view the transaction did not meet. The new york stock exchange roles. And what that meant. I would call that a dagger in the heart of the transaction. Put you know tonton. In a very awkward spot. And we'd love universal. We were excited to bring this deal to Pantene shareholders not being able to do the transaction. We offered to take it off the hands of the public company that was actually built into the transaction. The right to assign to an affiliate and we've also assumed an indemnification some expenses that we put back in the place where it was as if we hadn't done the deal and now we've eighteen months to find another transaction and that one's going to be a merger this one we structure the way we did really to accommodate the ability to acquire universal..
Vivendi shares climb 22% after announcing plan to spin off Universal Music Group
"Universal music group. By the end of the year shares a pair of space Vivendi have climbed as high as 24%. The biggest one day gain. Since their first listed in 1989 Universal music has been helped by the soaring popularity of music streaming that dragged the industry out of the decade long slump. A stock market presence would give the company more clout to compete with rivals, Warner Music and Sony. Bank of America has
"vivendi" Discussed on Bloomberg Radio New York
"Of how uninformed he Woz. He said he was sorry for his ignorance in Haiti calls I'd be mutual. And I'm an Cates from the Bloomberg newsroom. The Vendee may spin off its profitable universal music group. By the end of the year shares a Paris based Vivendi have climbed as high as 24%. The biggest one day gains that there were listed in 1989 Universal Music Group has been helped by the soaring popularity of music streaming that has dragged the industry out of a decade long slump. A stock market presence could give the company more clap to compete with rivals, Warner Music and Sony. Bank of America. Trent CEO Brian Boy, no hands pay by 7.5% for 2020, a year in which the lenders net income retreated amid the pandemic, and the bank said Moynahan got $23 million in stock ran sandal $1.5 million salary while he hasn't been given a cash bonus since 2007 part of a stock award will settle in cash wanted vests. Moynahan is steering the company through another major economic slump after taking the helm 11 years ago in the wake of the global financial crisis, Charlie Pellet Bloomberg Radio Tuzla is expanding its factory output. Pencil is close to an agreement to make electric vehicles in India for the first time opening a new growth opportunity after setting up production in China. Tesla has been negotiating with local officials in southern India optimism that Washington will come through on trillions of dollars of more aid for the economy and encouraging company earnings Reports have helped stocks grind higher this month, along with hopes of the Corona virus vaccine rollout will set the stage for stronger economic growth in the second half of the year. Strategist, Orlando say hopes of more stimulus in the U. S. Has lifted global stock markets and overseas trading. The footsie in London is up 1.5%, the CAC in Paris is gaining 1%. The fax in Germany is up a fraction the Nikkei and Japan Rose 2%. Hank sank in Hong Kong climbed half a percent and China's CS I 300 climbed more than 2% Global News 24 hours a day on air and on Bloomberg..
A Big Publishing Plot Twist: Penguin Random House to Buy Simon & Schuster for $2.2 Billion
"Biggest news to hit the publishing industry this year. Possibly several years happened last wednesday. And we're betting that you missed it after all. You were probably contemplating cooking a turkey for two and planning zoom thanksgiving dinners with relatives right so just in case here. It is again the parent company of penguin random house's buying simon and schuster for two billion dollars penguin random house or pr h has already america's largest book publisher according to the new york times. Should the acquisition go through and there are some caveats which will get to pr. H will be. The industry's first mega publisher. The times claims. Let's delve into this just a little bit as we've talked about here before simon and shuster is among the oldest of today's big five publishing houses and one of the most distinguished dick simon and schuster founded the company in nineteen twenty four. The partners first product was hardly a literary masterpiece. It was a book of crossword puzzles. And according to simon and schuster's corporate historian it was a runaway bestseller today. Almost one hundred years. After the lowly crossword puzzle got the entrepreneurial venture off the ground simon and schuster or s operates in a different stratosphere. Today it is america's third largest publisher over the years it's published scads of famous even legendary authors including ernest hemingway and f scott fitzgerald also political figures from both sides of the aisle including jimmy carter hillary clinton and donald trump and contemporary authors. Like bob woodward stephen king and anti prue as well as judy blume s prints and authors have won fifty seven pulitzer prizes and innumerable other literary awards including several caldecott medals one of the highest honors given to children's books the company now sells about two thousand titles annually all told s and s takes in close to nine hundred million dollars a year but early this year. Parent company viacom. Cbs decided to go all in on streaming video in sports looking to cut close to a billion dollars in operating expenses ceo. Bob bakish announced that s wasn't what he called a core asset hence the sale in march the rumored price for us and s was one point two billion dollars a bidding. Were hike the final price to two point. Two billion dollars among other contenders america's second largest publisher harpercollins also vivendi. A french company. That owns a stake in. American publisher has yet and rupert murdoch's news corp clearly penguin random house's parent german media giant bertelsmann was willing to pay top dollar for s and s one reason in addition to the competition between publishers for blockbuster bestsellers the big five face. A formidable rival in certain amazon and when it comes to fighting off amazon size matters since two thousand nine amazon has been a publisher. Not just the world's largest both retailer today. It has sixteen imprints that publish everything from thrillers. To romance novels it signs. Top selling authors like dean koontz patricia. Cornwell taking them and their millions of sales away from traditional publishers in two thousand seventeen amazon published more than twelve hundred titles according to the wall street journal if those numbers have grown in the last three years amazon could well already rival simon and schuster for the volume of new works. It's producing what makes amazon such a tough competitor is a book publisher of course is it status as a bookseller. Moreover it has a number of marketing weapons that traditional publishers. Do not such as the ability to easily promote low priced e books to millions of amazon prime members and kindle owners. The wall street journal reports that along with oodles of cash to lure away big name authors as the largest american publisher penguin. Random house has the clout and logistical network to compete successfully with amazon. The merged company would have annual revenues of three billion dollars according to book industry bible publishers. Weekly but we should note here. The acquisition faces obstacles worthy of an epic novel authors and agents represented by the authors guild. Say such a deal will make it even harder for new authors and so called mid list writers to get published meaning. If you haven't written a blockbuster or a solid backlist title your chances to get published and your earnings could shrink. Pr h says. Simon and schuster will remain editorially independent and both publishing houses say they remain devoted to readers and writers still publishers weekly reports that by blending s. npr h german-owned. Bertelsmann would own about one third of the us book market. That's the number that could trigger antitrust. Investigators to closely scrutinize the deal. According to the new york times but those market share numbers are in dispute in both directions. The authors guild which causes tie up says a combined. Pr h. s. would wind up publishing half of all trade books in the us. Meaning not textbooks penguin. Random house's leadership argues not true and says future market share would be less than twenty percent and that an antitrust investigation is unlikely what happens next will likely hinge on which of these numbers comes closest to reality
"vivendi" Discussed on News Radio 1190 KEX
"Late Monday between Corpus Christi and Galveston. Numerous ice protesters are under arrest after a Times Square gathering got out of hand a show Bhalla reports a chaotic scene on Saturday afternoons. Cops charged 86 people with disorderly conduct. 22 were arrested during a protest that went from Foley Square to the World Trade Center. Charges included disorderly conduct and resisting arrest. Ice is under investigation for claims that migrants had to undergo surgeries with Consent. A lift passenger who was beaten by cops in Clayton County, Georgia, has been released from jail and is speaking out for the first time. Nicole Wilson has details. Rodrick Walker was punched and depend to the ground after officers pulled over the vehicle. He was writing It scared. I fear for my life. Apparently, the tail light on the lift ride wasn't working. Walker was a front seat passenger, but cops say he wasn't wearing a seat belt, so they asked him for ID. One of the officers involved in the incident has been fired. Walker and his attorneys say the other two who were on the steam should be terminated. Also, and amplifiers might soon be turned up to 11 following a settlement involving this is final TAP, the Hollywood reporter says the 1984 mock Yamin teres creators achieved a legal settlement Friday over the film's merchandising, income and music sales. Harry Shearer suit Vivendi and its studio Canal division, claiming the defendants committed Hollywood accounting sins and bungled trademark rights. Shearer and co creators Michael Keen, Christopher Guest and Rob Reiner demanded hundreds of millions of dollars in damages. Lisa Taylor NBC NEWS radio, I Heart radio podcast Crimen Alia explores the intersection of history and true crime. Criminal activities linger in the margins of history and lady poisoners offer up some of the most compelling tails. Were the perpetrators or sympathetic characters. We're going to find out belly it would turn out was also a fellow poisoner. Listen to criminal alia on the I heart radio app or wherever you get your podcasts. If you're curious about who may be out there, But I don't want to jump into anything right away. Then take a fun step and just take a look at our time. Our time is the number one dating site for singles over 50. It's easy to use and can help you find a partner to share in a new activity. Been wanting to try, Take a walk.
Big Music Deal for Spotify
"Going to begin with spotify. Latest partnership. And it's not a podcast which has been sort of the trend for a while with spotify when they come out with material news. But today it's the fact that spotify has a new long-term licensing deal with universal music group. Help me understand this I. It seems like spotify is going to provide not just marketing, but also data and analytics from their platform so that they can give universal music group, a sense of who is listening to what? Exactly, so I actually when we talk this morning to topics, I chose this topic because I just yesterday. Actually we were having sort of an investor roundtable about spotify and I am. Well I think that the platform is great. I kind of have a couple of questions. Particularly Round the valuation that there to ban demanding right now. It's almost fifty five billion dollar company and I just. For a little bit of. backstory or history on that market, so Ford Music labels actually owned about ninety percent of the market and so. Historically what we've seen is that pricing power is solidly in the hands of the labels within spotify so. They've struggled to really turn. Or demonstrate a consistent level of profitability and so You mentioned that they've pursued podcast. One thing I think that's a great idea because. You know if we think about exclusive content, so then pursuing a strategy similar to say Disney or Netflix or Hulu. It's not really possible music again for music labels on about ninety percent market. They tried to start their own label and actually backed off from an initiative because it was sort of Put them in at odds with their suppliers in some respect right so podcast is one way that they have tried to get that exclusive content deal, but I remained a little bit hesitant about this platform, just given I think podcasts are sort of a secondary offering that spotify particularly right now and people are still going there for the music and I think. Valuation today didn't necessarily Justify, With their music offering, but today's deal like you mentioned is the game changer for spotify, so they've signed this agreement with Vivendi's Universal Music Group. And for background, universal owns about forty percent of all US music for straightening and so. You're right the agreement right now. Is that you I'm Jay will provide their sort of massive music, Cadillac restraining and in return you J is becoming a spotify testing and development partner for new tools, services marketing products. So like you've mentioned there is a couple of things that have already been started on. It is part of what they're calling. Their two sided platform so. For example what they've been doing that, labels cannot pay to deliver push notifications that promote new music to user is either previously listened to that promoted artists added to their library and what they've seen. Is that Spending in marketing in this way is actually more effective than other options so I'm hopefully more agreements like that will come into play. Is Yet another way for spotify to get a little bit more margin on their core music streaming business. So this is what I actually think is could be a very strong game changer for spotify. For All the headlines that spotify has made and rightfully so for the acquisitions. They've made in the podcast space. My first thought when I saw this was. Oh, they're getting back to their bread and butter. Like this. This this is this is the main reason. People are going to spotify and signing up for it. You mentioned the valuation. A stock is up five six percent on this deal. It's nearly doubled in two thousand, nine, hundred twenty I mean you're not wrong when you say by the valuation of spotify you can, you can make bullish on this business and still look at what it has done over the last six, and a half months and sort of shake your head and say it's. Not a cheap stock right I mean I would say you know I think they've had a strong year. They have demonstrated stickiness to this platform that was certainly tested during Kovic. Pre Cove about fifty percent of their listening hours for spent outside the home, so assumed that was sort of commuting commuting time so either on A. smartphone or In the auto things like that, and so as covert happened. People were worried that you know people you don't have that those same anymore and so on. Are People really going to stick with? Continue to pay for this premium platform, and the answer actually was yes, so rather than listening out of the home. He blurted shifting where they're listening and what they're listening to you, so they talked a lot about. SMART. Connected, devices so gaming consoles. Things like that have seen an uptick in usage, also sort of these wellness or calming playlist, rather than they're commuting sort of upbeat things, but I mean that was one significant test of this platform that I think you know pre pandemic to necessarily seen or known that data, so it was encouraging. They've had a good year.
"vivendi" Discussed on Eu tava la
"Business site. Yellow complimented. Vacuum local Isadora Nandal the comb. A companion with. Basic. He. Complete couches a key. ebay Vivendi Visa configure double. But also seem. Lan visit let dining sets. Don't city empathetic accomplishing gaseous dalen April Kate put the his B. McClellan her. Yeah, he ms Raza. Commit sought Rosa Minnesota's. In the crowd. In Chicago Sheboygan chagall. Newman or cheese gene trudeau sites. Nobody sent on this, could you? Social got up to the data Josh Bellamy. Tough. Lash woman. I mail imprint Lebron praise. On onto may commercial pretty easy, but it is an ancient mice. Chiesa produit NAS California sughrue Anna. Between Inventor Garnett. Sodden. Search Sookie. In. Bellagio has blend me. He is seen. Novotna perceive with regard PROPHEC-. Oprah due to your command. For the trees, this entertaining Incas knows. mccomb on. Editing Port Theater now. Abida door. E. L. A. Simply has savvy but a mini. Meal Ski Racing Glut. Formula he probably grand getting. New Geena fallen. DOCU WHO Watch my. And the only losses. Integrate cheap recruited his. Loss and it is. The! Maybe Z. A. C. Worker Shawmut. Kim Went Amish Mama. Francesco got actual. Numerical, didn't RV you? Do Deficit Benxi the procam towards that does later in students in a wounded deals that don't quote chip. Wolferen guard. or Who made resumes? This tiny. PUTS. Communism. SCAR. You. Do. Not Boom is being I'm Lena. You said on my sister feeder. elway, Simone. Did you vote a Bra for? The STA and you not an infant's arm Gelo precaut-, the La Montage my overlap Ska. You've been the. I should governor. Gina Momentus. Cinco de Lucia gossage Ayatollah Jennifer. Got You. Interesting chat launched me now and check out today Dr Pool. Say A was asked what. Did you. Moise Mozzetta Placebo with CNC. Might say you see videos aspirin In the in the larger. Per Go no minister the scene meal. tied. Because he was. A. God I don't buy it goes Oscar. All three which? You can wear on. Persona of I'm. Donny Nada saw. Known Tim Winter Sports you faucets unit. You might as well traditional in the pet. You should go bone. Cod You you must, you'll sign. The length Rod. I, knew the lodge. E You boots. Down you. Being. Shake enough. Chorus Acoustic. Zoli thought to the Brow Reggie. Ending. You finally bomb is king. Attention men tonight. Dial in formula visit visit. Vase, you'll folly. What the? What the endangered! Wounded Sutopo quite stocky. You're no. He followed Becky. Muslim Boston area were would. Fully miserly guarantee you kind of Ramona viewed accused mister straight you could. Get. Up to vote Yana. Ginger, nor also you'll see local narcotic missy guy. Cuisine. as As Jim dodgems Oh Padron deals. Unit Eight. Keep most opera alecky Tyson. When she was cheered. Sally as is what I saw. Israel Bond Era Accu. He'll caused addict. Eliza Satan. From. Is this is what advice. Yeah, you? Could. You. possibly. Postured Alpa. I put on your. View North Dakota comment. Fleet get put. Double when it? Does in sink onto the Moon Don's garage, facing presents and. If, we bought it. But I'll shut ya the SYNCOPE G. Of the Professor Eastern on doing nine Rod. Than Africa trigger MOCATTA GOTTA keys secrets. Just Santi going to vote idea SABA. SABA move. G. H.. They're up is gene. How do I schedule as you just? showed. Go. season. Being. Yeah even bought it Dow. Getting on June. Five Abra Guitar the Food Ski Dog, Scooby.
"vivendi" Discussed on Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
"Handle on sales to make some of itself, but it doesn't. It doesn't ask for a whole lot. That's if the virus is completely dedicated to this one species, but if the virus is in other species. Then it may when it gets into humans. Become Voracious. Or become very meek. Because, it hasn't evolved with humans. And those are the viruses that caused US trouble. It makes sense that. Viruses would if there are parasitic on their hosts, they would've volve to be some kind of relationship with them I mean when we find viruses out there wild is generally true that there is. Basically one or the small number of species that they're happy being hosted by yes, in general in fact, most viruses are pretty. Well dedicated to one species and have come into equilibrium with that species of animal. Or! Plant or whatever. and then it may infect a few others. or it may not. But these non equilibrium things, the bad guys are very often coming to US human beings for example from other species that that's a that's a case where you jump from one to the other. EXACTLY AND SO HIV! Is a virus that is native to monkeys. It doesn't cause serious disease in monkeys. But when it jumps to higher apes like chimpanzees. Or jumps to humans. Then it causes having because it has developed at Modus Vivendi yet, and are the viruses effort, not just parasitic symbiotic. Did they ever do something good for their hosts well, not much. Now. It's a that's a sticky question. one thing that viruses do is kill. Their hosts and in the case of For instance the bacteria in the ocean. What it does is to liberate the internal workings of the bacteria, so the ocean is a rich soup. Because viruses are constantly killing off cells and breaking them open. Now, is that. Is A good for A. It's it's good for the oceans. But it. Is it really good for the bacteria? I, don't think so. It's good for the many, but not good for the few I. Think something like that good for the go system. Well. No, but that's very interesting. I mean it's good for the ecosystem. Yes, yeah, at a bat and viruses are a very important part of the overall ecosystem. Yeah I think you know when I when I said that the boundary between living and nonliving might be Fuzzy I. Guess What I. What I what I was thinking of was that the boundary between an individual and the ecosystem might be fuzzy, because of the kinds of things that viruses do right like, even if we agree that viruses are part of life with capital, l. They move from organism to organism they even if I think I like what you just said, they serve a purpose to biology, even if not to the individual. And that is the nature of the ecosystem. It's assistant. With a lot of different. Moving parts I mean you mentioned cancer very briefly. I don't WanNa. Let that go by too quickly. How like is cancer always caused by viruses or often, or are we still investigating that? Well,.
"vivendi" Discussed on KCRW
"Oh seven oh shake the album modus vivendi with her divorce and gonna start gave us gunship phony by the new record we'd be no machine eleven that's on fire from on the classic jazz band at the time that it with one of my mom's favorite songs growing up in LA this always a dance party when the song broke out turn it up hi mom sauntered up gonna try to squeeze in some classic Donald Byrd's I'm not quite sure where else we're gonna go before we headed off to Travis Holcombe as music continues on into the night right here on KCRW Hey.
Record labels rush to IPO amid music streaming boom
"Last year was the year of the Unicorn. Ipo parade this year. Not so much where mostly just waiting to see what AIRBNB is going to do but there is going to be a bunch of new. Ipo's coming soon from a very specific space. A lot of the record labels are planning to go public warner music. Group filed to go public two weeks ago. Universal Music Group is planning to IPO in the coming years. It said in Vivendi earnings report last week. And there's all sorts of investment and acquisition and merger chatter across the whole industry. Why well suddenly thanks to music streaming? The music industry is feeling flush and bullish. It's not that record. Labels are making as much money as they did in the golden olden days before napster. It's just that the bleeding has stopped and the industry has turned around. The labels have seen double digit revenue growth for each of the last few years basically revenue is growing. The charts are all moving in the right direction. Finally things are going up not down. So people are rushing to cash in and the record companies also seemed to have gotten with the Times quoting axios. The record companies have transformed themselves into music entertainment companies that provide services to all artists at any stage of their career and regardless of whether they are signed to that label says Mitch Glazer Chairman and CEO of the recording industry of America in a phone interview with axios quote that kind of diversification expands. Revenue options creates more opportunity in the industry and creates more competition says Glazer Glazer notes that the record labels today provide everything from social media strategy to merchandising for artists not just distribution deals. Miller notes that in the digital era and not every artist will rely on a label for distribution quote labels are much more willing and in fact must meet the artists where they are and quote paid. Subscriptions are now eighty percent of streaming music revenue which is up from just twenty five percent only five years ago so people are finally paying for. Music again. No wonder the industry is feeling its oats. Still there could be a natural sealing to all of this people don't seem to be willing to pay anything more than about ten dollars a month for music. Subscriptions and unlike in the video space you cannot entice people with exclusive content because of people are paying for music they want all the music not just a subsection of it so once everyone signs up for streaming this all hit a brick wall quote. I think that's why these companies want to go public now. I think there's some growth limits to this model says Miller end quote
"vivendi" Discussed on Newsradio 700 WLW
"Belcher near the shore in this Nissan former Nissan CEO he's a fugitive now right yes he is Carlos Ghosn has jumped bail in Japan where he was awaiting trial on charges of financial misconduct his bail was about fourteen million dollars ugh going once ran the Nissan Renault alliance he has turned up in Lebanon gold is of Lebanese descent and Lebanon has no extradition treaty with Japan golden says he did not flee justice he escaped injustice and political persecution he says he'll be communicating with the media so we will get his stories who are you kidding will never see him again universal music a Chinese company bought into the universal music company yeah ten cent holdings of a China leads a group that struck a deal with vivendi to buy a ten percent stake in universal of music now over the next year ten cent and its partners could double the size of that stake in the world's biggest music company a universal music has seen a big increase in revenue because of the population of popularity of subscription streaming so it's very attractive right now they'll you too may be making some changes next month what's this all about yeah this according to the Wall Street journal the journal reports the video platform will limit the amount of data it collects on content that's aimed at children this will put you to be in compliance with federal privacy rules consumer advocates and some parents groups of course are happy about this but the creators of free children's video say it could hit their bottom line make it harder to get some qualitative and quantitative data and who's watching sure speaking of that robo calls in the news and if you can give me less robo calls I'm all for that boy you gotta this is a bipartisan bill passed in Washington and signed into law by president trump say shows you how unpopular robo calls are and we may notice a decline in the number of that to get through to our home and so I used the president has signed an anti robo call measure into law authorities have been given new enforcement powers the new law may speed industry efforts to identify and block the robo calls but experts say some outlaws will continue to place the calls they won't end completely but we could see a reduction keeping our fingers crossed there Lawrence the last trading day of the year on Wall Street which has been a wonderful year what expected today well right now the futures appointing a little lower we expect the thin trading could be that investors are looking to lock in some of those profits from twenty nineteen S. and P. futures are down two points nasdaq futures are down twelve Dow futures are down thirty have a happy new year two on the Bloomberg news room I'm Jeff Ballenger newsradio seven hundred WLW.
"vivendi" Discussed on AP News
"Japan's Hiroshima is marking the seventy fourth anniversary of the atomic bombing and does the peas Charles de Ledesma reports calling on the world to not just remember what happened but learn from the city authorities are renewing calls full eliminating deadly munitions and demonic Japan's government do more here she was Matt has raised concerns in his piece a dress about the rise of self centered politics and urge leaders distantly work towards achieving well with counter Tomic weapons he's also demanded Japan's government represent the wheels of atomic bombing survivors and sign United Nations nuclear weapons ban treaty survivors and others not the eight fifteen AM blast with a minute of silence I'm Charles de Ledesma artists like Arianna Grande and lady Gaga could soon be promoted even more under a deal being considered between French media company vivendi and Chinese tack and social media company ten cents ten cents is in talks with a vendetta by ten percent of universal music group a one year option would allow the Chinese company to buy an additional ten percent stake seventies says the deal would help it sees new growth opportunities and better promote universal artists and new talents in new markets it says it started preliminary negotiations that value universal music at about thirty billion euros or thirty three point six billion US dollars the Chinese and French companies are also considering areas of strategic commercial cooperation Belgian prosecutors have reached a settlement with nearly three hundred million euros with the Swiss private banking branch of HSBC over a long standing fooled and textile in case the Brussels prosecutor's office said it was able to reach a settlement partly because of a change in the wealth management within HSBC noting the bank could stop certain optional services improve transparency and appointed an anti fraud director the prosecutor's office had accused the company in twenty fourteen of massive organized fruit and forming a criminal organization to the benefits for over a thousand wealthy clients because the Belgian authorities hundreds of millions of euros HSBC said he couldn't comment on the case since any settlement would still be subject to court approval a radio I read a full lane president trump visits the mass shooting sites.
China's Tencent talking to Vivendi about stake in Lady Gaga's label
"Artists like Arianna Grande and lady Gaga could soon be promoted even more under a deal being considered between French media company vivendi and Chinese tack and social media company ten cents ten cents is in talks with a vendetta by ten percent of universal music group a one year option would allow the Chinese company to buy an additional ten percent stake seventies says the deal would help it sees new growth opportunities and better promote universal artists and new talents in new markets it says it started preliminary negotiations that value universal music at about thirty billion euros or thirty three point six billion US dollars the Chinese and French companies are also considering areas of strategic commercial
"vivendi" Discussed on WAFS Biz 1190
"Vivendi lead media names of the form and send it to the downside is that retailers of basic resources and real estate but on the phone this morning SP futures up around six point of off best levels off the Asian equities drifted lower in subdued trading overnights Italian bonds and burns open high very sources report suggested the ECB policy makers view a September industry Papa sets in if you carry ons and likely for the US treasuries the kind of funny people steeper flows on me to say fall G. ten effects is relatively quiet you're holding steady near one eleven to fifty this morning after Thursday's a volatile session traits need fifty six dollars a thirty dollar in on all future is stronger for second day coming up today we have the ECB survey of professional full cost is that the Russian central bank's right decision focus will be on the U. S. Q. to advance GDP release of course any season continues Twitter and McDonald's to today that's it for me take a live breaking news type S. Q. a on the Bloomberg terminal Russia thanks Michael lacks a Bloomberg business flash now his lan Gerrans with more on what's going on around the world good morning the U. S. government's me to receive executions after sixteen year hiatus has drawn sharp criticism from rights groups in leading Democrats several candidates for the democratic presidential nomination call for the death penalty to be abolished on Thursday Attorney General William Barr said five inmates would be executed in Brazil gunmen have students seven hundred and fifty kilograms of gold estimated to be worth at least thirty million dollars the suspects into an Appleton cell Paulo dressed as police offices and took the gold which had been destined for New York and Zurich according to police to apple workers were held hostage and finally a three D. printer and slime are among the items being carried to the international space station for NASA SpaceX falcon nine rocket which was launched from Florida yesterday the printer what has the potential to make human organs that is tough to create in earth's gravity more importantly this line will help TV station Nickelodeon show kids how fluids behave in micro gravity cable news twenty four hours a day on average take took on Twitter by more than twenty seven hundred journalists some on the symbol of the one hundred and twenty countries I'm young parents this is pulling back Neira yeah thank you I remember going out with filming a package on three D. printers are quite a few years ago I wonder how much progress we've made since then they will make all kinds of things back then what's really interesting is when they can attest the possibility of this in the notes of the C. gravity is going to be really interesting because they're hoping that they can start making capella restructure is what's a good bill restructured on them it's not the veins in the well I think I think you always when the part because whatever the on success thanks very much indeed now let's talk about water makers because as we broke into this morning right now is no longer full costing twenty nineteen revenue growth but instead sees the figure little change from last year it's the latest comic at the site struggles over the past few months the industry is facing folding them on trade tensions and a record spend on electric because we'll get some expert analysis of this we're joined by Annemarie based in his head of waters reception Fitch solutions and re welcome thank you very much for joining so very good morning to you let's kick off on on on the old fool returns from Nissan I mean that read I think was the headline for a lot of people ninety nine percent drop in operating profit really looking back at the job cuts are expected to their higher than anyone did expect what's going on in the summer reading into what do you think is underneath the surface of all this this is a real mixture of things going on there suffering in the US which was always a big market because they have the right kind of vehicles you know the biggest TV so trucks that was selling but that's a really competitive market that she was in a lot of new loan chase to trying to capitalize on that demand and the falling behind a little bit we've seen what's going on in the U. K. you know that change in their investment decisions over Sunderland still big question marks over Sunderland and of course they're trying to so that the governance issues in the post go an error so there's a lot going on fitness center yeah it's fair to say good morning Emory great to have you here with us at that the older sector perhaps has been a little bit battered by investors if you compare to other sectors in European equities at least yesterday we saw Volkswagen bucking the downward trend somewhat in in in week mall Kate's and one comment that I was reading that was really interesting I'm from aunt Ellen host over ever call was at the free cash flow of six point nine billion euros in the first half of the year is almost double what diner in B. and W. together will generate an order of twenty nineteen worse the market seems to ignore this given VW trades at a twenty percent discount to BMW and dina is V. W. sort of a standout call make he in the grape it helps that it has these group of different brands you know we saw that Scotorum potion really contributed to the grapes results and having that kind of diverse city as well as the big commercial vehicle brands is really helping V. W. at the moment it's also as I was saying about the vehicles that are in demand at the moment in the U. S. it finally got those STV's that ascending which was holding it back for a while in that market so there's a little bit of timing that this plane and for V. W. as well and what about tests of the talking about the metric because the way forward they're the full front of Lisbon accorded to second quarter loss of of four hundred eight million dollars worse than consensus expectations actually improvements on those two what's going on well then meeting their production targets now and the law must seems confident that they will do so for the year I thing for investors the still a question of can they do it profitably because obviously it's costing them a lot of money to get these models out we had about the logistics have as well so it's not just the production is the actual deliveries and then once the backlog of demand has been fulfilled will it be enough demand because at the same time you've got the rifle several launching their elected models over the next year or so so there's a lot happening with with Tesla right now and I think as soon as maybe since this plan gets up and running in Shanghai where it can reduce some of its costs because it's always we also expose the tariffs that will start to help a little bit as well when we talk about comics in general we know sort of the downside risks trade war a diesel emission scandals the cost of moving to electric vehicles and a ton of US vehicles is there anything to be positive about just briefly in thirty seconds there is a lot maybe I'm I think it's a really good time for innovation in the set you know that there's been a long time where it was just very same old same old and and now you you know you can actually excite people about the industry a little bit with things that are going on so that's positive coming into it even a thirty second thanks everybody for Adam very based of the animals as researcher fix solutions talking about because of course he joining Matt Millen on it what's.
"vivendi" Discussed on FT Alphachat
"It's ever been anywhere on the planet, and since nineteen Seventy-six for huge chunks of American society. It's just ceased to to function that reality is trickling down. So go back to nineteen seventy six what started changing then that allows us to tell a fuller story, then big bad nasty. Ronald Reagan when I think the first globalization shock, that's the moment really the seventies. Where you see the emergence of the first major Asian challenger? This is the moment where the center of gravity of key manufacturing sectors begins to shift away from the west and the Japan shock me three. Big globalization, shocks hit the US economy and succession that Japan shall the Mexico shalt soon after and then the China. Shook and the three of them combined with a variety of domestic changes at the same time Kohl's an upheaval in manufacturing industrial sectors, and basically tad the ground out from underneath the organized labor movement in the United States, which should reconsolidated his position during World War Two in the often moth of that an advanced kind of modus Vivendi with corporate capital in the fifties. And sixties what we call the great, compression when American income equality substantially reduced and the seventies. I'd say the mid seventies a turning point from everything else if you look outside the United States you see the same trend everywhere in western Europe. This is not by any means Amelia Macken phenomenon it's trim Britain. It's true. Germany, France, all of these countries are experiencing that kind of competitive pressure. The all time industries that great symbol of this. The emergence of Japan is the premier might accommodate factoring country of the late twentieth century. So this is a really helpful frame. Which was we every country tends to look back and see this in terms of their own party politics. So the ability to say is fair to say that when. We look back over what shifted. We're looking at these three globalization shocks and the party politics is almost irrelevant. No, no, politics determines what the outcomes. Right. So how you react to this. If you look inequality in France, for instance, post tax inequality, barely goes up FRANZ, experienced the globalization show to it has an auto industry too. The most extreme case of this is the communist bloc, which also experienced this shock in the seventies and eighties and in the end that jeez. Total regime crisis and collapsed Latin American economists experience the shelf Africa's development also experiences a huge king in the seventies and eighties fifties and sixties as quite promising industrialized nation in in Africa comes to a sudden shocking halt in the seventies. So politics is crucial in determining how you react to these kind of impulses. What we see in the United States is a domestic politics, which amplifies these affects feeds of them, tactically and strategically uses them to amplify these facts. And he's only when you put the two things together that you really understand this because the globalization shocked by themselves and not big enough to explain the surgeon inequality in the US. It's the concatenation linking together of both those elements, which which really produces the extreme result in the US that we've seen so let's look at the China shock. I think the Trump administration has admirably attempted to do something about. Trade with China. We can take issue with specific ways in which they've brought it up. But the fact that an administration is willing to say these are bad practices and they've been backed practices for very long time. And it's harmed. A lot of Americans is good instructive important. It also feels a little bit like were ignoring the lessons that the rest of the industrialized world has to offer for that same time period. Why was the US so vulnerable to the China shock in ways that say Germany was not? Well, I mean, I think you have to look at the stripping away of the domestic social fabric that happens in the United States from the nineteen seventies onwards amenaces class politics superimposed on top of a massive genetic Leibniz -ation shock. I mean, Warren Buffett had blurted it out. Yes is being a class win the society. We've been waging it. And we've what in other words us billion as it. This isn't to say that European societies don't have class politics. Of course, they do. They have massive inequality as well that it hasn't been they had not. Seen the kind of open contestation already brutal struggle and inequality enhancing actions that the US has to go back to your point though. I I actually would tend to agree..
Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal
"Dismissed or quit depending on whose version of events. You follow? Officially Tom dependent gone will continue to do what it always does. It will stand on a wall on defend this country to the Admiral Stavridis, some what if you could just sort of use your navel and strategic background in the context of China and a book that you have recommended called on desperate ground, and what we should take away from reading this book by Hampton sides about China and understanding them, not only from a military and trade perspective. But from a political and cultural perspective. Yeah, terrific question. The book is about the Korean war, and it's a cautionary tale for modern times. Right. In other words, we know what? War on the Korean peninsula, would look like hundreds of thousands if not millions dead that was before there were nuclear weapons involved. So a we ought to take the cautionary message and be we ought to. Remember when China's back was pushed to the wall by MacArthur with US troops surging north. They responded they responded hard. They pushed us all the way back down that peninsula. We should not underestimate China's will in a military conflict. So I wouldn't say we're quite on desperate ground yet between the US and China, but skirmishes lead to wars we need to be very cautious and careful in how we deal with China. So what is the scuttle butt among your colleagues and other officials in an outside of the military about the future of the United States role in the Pacific. We need to remain engaged to walk away from the Pacific takes away from the economic engine of the earth on the other hand, we have got to find a modus Vivendi with China, and I'm particularly concerned this week with the exchange of messages, if you will between president gee of China and president sigh of Taiwan in their New Year's messages. They went back and forth about unification that could be a real flash point in twenty nineteen. That's been relatively quiet over the last decade. I, of course, identified you Fletcher school. And of course, you exited tufts and Fletcher school here after five years herding cats known as a faculty, and I would love to know within the vogue of international relations. What was your biggest surprise for students within the international relations after five years? It's Fletcher it is so in now to do international relations. What's your message to students undergraduates graduates, and their parents who want to pursue are? Number one by far is that international relations gives you an opportunity to serve to serve your country eventually in the military, but in the diplomatic core at the Central Intelligence Agency. In international business is a form of service engaging globally provide service to the world, and I'll close by saying our students focused in particular, Tom on his shoes of equality, globally and the environment, and it's very idealistic space for students to be in. And I think is a very powerful one in today's world. Thank you so much greatly. Appreciate it writing for Bloomberg opinion as well. Former NATO supreme allied commander as well. I thought his insight there on Taiwan is fallen beneath radar. That's over though. It's on a lot of people's radio. But within the markets that we folk. Focus on that was really suggested a geography lesson to get out and just start plotting the actual distance between China Taiwan and South Korea and North Korea and Japan. It looks a lot smaller than the Gulf of Mexico, and I talk about book here. Please my book of the summer, folks. Robert Kaplan, Robert d Kaplan, the return Markle's polo world, and if you're really motivated, his previous book Asian cauldron is about the geography, Mr Fox just talks about how can we think about these issues? If maybe we know the map, but even better if we actually understand the distances between these different countries and putting you're so right about that difference between Formosa from another time and place in China as well futures a negative twenty four Dow futures negative to thirty eight the yen one oh, seven seventy four. Now, let's go to Mr Michael Barr and find out what's happening in the world. Mr var. Thank you, ma'am. Thank you, Tom. The new members of congress will be sworn in today. Democrats will take back control of the house while the Republican majority in the Senate grows by two in total. One hundred twenty seven women were served in the one hundred sixteenth congress being sworn in today. Do members include several I such as the first two Muslim women from Michigan and Minnesota they'll take the oath of office on a Koran that belonged to Thomas Jefferson. We'll also see the first native American women and the first African American women from several states US ambassador met with Paul. We learn the American arrested in Russia accused of espionage wheelin, a former US marine is being held in one of Russia's most notorious prisons global news twenty four hours a day on air and then tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg com. Kabar? Thank you so much again futures negative twenty four Dow futures negative to forty three lifted yields off yesterday to sixty four in the ten year thirty year bonds still under three percent two nine six percent. This is Bloomberg. Imagine the markets in focus every business day, P and L podcast with Pimm FOX and Lisa Abramowicz stock has not reacting happily. What's behind this engine of gains today analysis of the day's Wall Street action from Bloomberg intelligence, Bloomberg opinion, and influential news banker spill roads is the author of banker to the world wars McCarthy joins us right now with Pimm FOX and Lisa Abramowicz. Listen today on Bloomberg com. The Bloomberg business Atmore subscribe on apple podcasts. So we're kids play. Many provide the water we drink, but
Thiam's earnings dip as Credit Suisse overhauls executive pay
"The ceo at credits we saw his paycheck shrink last year in the third year of a major restructuring the bank says t john received ten point two million dollars for twenty seventeen that's five percent less from a year before credit suisse says chums pay would return to levels in line with the bank's expected improvement may thanh diong ping a chinese food reviews and delivery giant backed by tencent is considering going public in hong kong initial public offering that's according to people familiar with the matter us companies are finding that the flow from the foreign money spigot is slowing we get the details from bloomberg's jeff bellinger foreigners showed signs of being net sellers of us investment grade corporate debt this week according to bank of america data and he's selling pressure comes after international investors bought just thirty eight billion dollars us investment grade corporate death in the fourth quarter according to you es the least since the beginning of two thousand sixteen when the corporate bond market was in freefall ubs as overseas money managers are a key pillar for the market having bought more than one point four trillion dollars of the security since two thousand thirteen jeff bellinger bloomberg radio activist investor paul singer has one around in his battle for influence at telecom italia with the chairman and six directors quitting the board the move gives vivendi's some time in its attempts to fend off singers elliott management in a contest that's likely to come to a head at a telecom italia shareholder meeting in may coming up oregon congressman greg walden on the cambridge analytical scandal i'm pat carroll this is bloomberg adopt us kids one eighty over one eleven and i had a stroke i couldn't speak i walk this is high blood pressure get back on your plan to lower your hp dot org brought to you by the american stroke association american medical association.
Vivendi's Attempt At A Hostile Takeover Of Ubisoft Is Over
"Very luli yeah light speed stuff yeah yeah it's something else awareness seems like the thing they need to build about that service if they ever want to try and go up against which in a real way so yeah i guess late breaking business news this morning vendee has fully divested of its share of ubisoft yes i saw ubisoft employees on twitter seeming very jubilant than me wow yeah that's worth celebrating read a hostile takeover basically hanging over their heads for years yeah so this is like they're they they're getting out of the shares there they basically they're very has gotten out of ubisoft and they've agreed not to get back in for five years okay interesting and then as part of this announcement the like it's like the stock is just going right all back to softer to some other investor it's like it's like ten cents the tario teachers pension plan yeah brothers se's which i guess is the like whatever right accelerated bookbuilding only have ten cents in than exhilarated bone buildings that's right assume the round and then but then some of these stocks are just being bought back by you be soft and we'll make the shares worth more money to existing investors so it's like the upshot of this is us off his basically fully in control that's future gal ten does not have voting rights they own five percent of the company but they don't have a seat on the board or anything like that so yeah that that threat from vendee was pretty real for a long time and just seem crazy but one or two of those three press conferences had a real.
Assassin's Creed Rogue Remastered: Announcement
"Andrea ray they yeah you're pretty close he missed like one word and they did do do do out today music's new is it really we'd have jing we had averaging i might not have gotten is into it i might not late late it on jesse you know what i mean i was very out today cloak and dagger character and level pack deal see for marvel superheroes to pudgy mobile as i mentioned it's free to play attack on titan two for playstation four xbox one switch hulu desi you were playing that yeah you like it all right i came real fucked up just like the first the attack assassin's creed rogue remastered is on playstation four xbox one that was always when people really liked but i never played it that was the irish guy that was the one that was like when they put out origins on xbox ways yeah flag wasn't a spin off a black flag yeah this is the one that was like when they put the first assassin's creed on xbox and playstation xbox one playstation four this was the ps three three sixty one correction yeah yeah and i think it's an irish guy keep saying that over and over again i guess jack septa guy assault gutters hd edition playstation forum audio beats on playstation vr don't bite me bro for a good one earth the title i don't know what the game earth lock festival of magic on playstation four floor plan on playstation vr mahjong goal go on playstation.
All New Nintendo Switch Games Revealed During Today's Spring Showcase
"Dan reicher this today we're sponsored by brooklyn in an hymns but i'll tell you about that later in the show for now let's begin kind of funny games daily with what is and forever will be the roper report time buddhism news six on the rope report a baker's dozen put some english on that i think that was coming in i have you seen the amount of bullet points that are on this for story yeah there's a lot of bakers doesn't is it really team happens finally happened this morning while i was still showering nintendo did one of their little nintendo direct about the ninja and the indie showcase judaism it is weight into and i was like i'll catch up and it won't matter of course they came out of the gate fucking lou mines yeah how are we have we luminous when i was playing on my psp and missouri more luminous was one of luminous remastered it's coming out spring twenty eighteen it is also coming to playstation for xbox one that'll be a new dates for you among the other games this is a list i'm ceiling for my jian so if they're wrong sorry it's on them mark an injury master coming fall twenty eighteen fantasy strike summer twenty eighteen just shapes in beats summer twenty eighteen garage spring twenty teen i switch pool panic twenty teen switch exclusive bomb chicken summer twenty eighteen burst switching check a woman rains in queens spring twenty seen lebron's light fall spring twenty eighteen west of loathing spring twenty teen this is a switch exclusive this is one you've got to fuck this looks so cool yes played it at a packs any.