20 Burst results for "Vonnie Quinn"

Baird's Patrick Spencer: UK Equities Very Cheap

Bloomberg Best

04:17 min | 1 year ago

Baird's Patrick Spencer: UK Equities Very Cheap

"Prime minister Boris Johnson has to get a deal approved by Saturday or he may be forced to seek an extension of your Bloomberg's Vonnie Quinn and guy Johnson spoke with Patrick Spencer Baird vice chairman of equities they discuss the impact of a brexit deal on the UK equity markets and the pound okay equities look cheap right now I think that's a that's a great question and can I just before I came out I did check my Bloomberg which on a pretty tight and it tells me that the deals on the foot see one hundred is just over five percent now that's the second highest since post war that we've actually had I think it was high I was seven I wait the P. E. on the U. K. market is eleven twelve times which is cyclically adjusted the cheapest western market actually on on on the major exchanges so the markets are telling you that that discounting aha brexit so the market is very very cheap in our opinion and if there's any positive scenarios that come out of this you see what happened to the forty to fifty this week it ripped so this market will rid if we get anything of a deal and it's quite interesting just obviously and I've become trade from from Brussels on I was listening to some of the common tree this morning from the journalists and I were talking about when they interview to Paris he was saying the fault is with the U. P. not with the new and I thought that was a very interesting in fact actually diversion so if you can get the do you pay I think across this then you could potentially come a daily man's money that's what's in this program will be sitting in the United States though and they will also have to currency in Jeff city investments they would make into the U. K. for how how big a factor do you think that would be how much of a really think you would see in sterling well sterling's up five percent in fairly short order can you've got to rate cuts coming in the U. S. so naturally that's gonna push down yields which you've seen obviously you know in the in the U. S. but so the dollars going to suffer no doubt and overseas currencies will suffer so you gonna have to adjust for that so you've had a five percent movie gonna give at least that back I would fill in there in terms of you know a deal in terms of it was probably actually getting out another in a five percent if we do see a Dale so in a ten percent move I would have thought Ivanovic for just in a very short order of a month is that the the two fifty since the first of August of two thousand sixteen is up almost eighteen presents the partially that is to discerning weakness but what makes you think that U. K. equities are cheap or that any other than sterling is actually moving on this well in the the the markets will always discount the bad news and they'll discounting old the bad news at the moment I take the point you know that it's up up eighteen percent but the small kids you know are off considerably from the from the from the real time highs so we're only we're only way we will lost yeah so you say eighteen percent I'm an avid the markets have gone sideways for years so we're not out dramatically I'm I'm I'm we way where we will so but as I made the point this is the cheapest western market in in the M. S. C. on a missile at seventy five percent of the S. M. S. C. I.'s but it is phenomenally cheap and for that reason we continue to like U. K. equities especially mid caps there is still a month period of insurgency hard breaks it or no brags that as to what kind of train deals we will be looking out in two to three years between the UK and the rest of the world yeah that's a that's a fair question Bonnie in so much that can even if you get it even if you get an ideal yeah can I actually have to discuss track you're gonna have to discuss what was the you know the trade implications if you get something of a deal obviously you know yeah that that that's going to be decided beforehand and to your point it might eventually get a remain situation with another action or a referendum that was Patrick Spencer Baird vice chairman of

Boris Johnson Bloomberg Vonnie Quinn Patrick Spencer Prime Minister Guy Johnson Five Percent Eighteen Percent Seventy Five Percent Ten Percent Three Years
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:43 min | 1 year ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"Of Fannie Mae and Freddie Mac are up more than sixty percent in the past month on hopes the mortgage companies will exit government conservatorship Bloomberg's Vonnie Quinn spoke with a key voice in the process mark Calabria director of the federal housing finance agency so what we're working on more than a month as you mentioned a letter agreement you may remember the current later agreement caps their capital at three billion in the really new part is a much higher number than three billion so it will still be limited but we're looking to come up with a number that will get us through the next year and a half two years in the in the interim after that we will reach agreement on changes to the underlying share agreement that allow us to chart a path through Fannie Freddie out of conservatorship. processor than an old calendar driven but for example do you anticipate that within a year honey and Freddy will be out of government control. it really depends on how quickly they raise capital so what we want to be able to do is actually to some extent put their destiny back in their hands they're going to be responsible for building capital they're going to be responsible for hating goal posts so what really what we're gonna be doing particularly in the amendments to the share agreement is setting up a bunch of mile markers for feeding frenzy to hit but the the day they're the ones I've got a drive down the road. how much. will this letter agreement authorizes the GSEs to retain director. probably about an offer that will get him through a year and a half two years but this is really the point in negotiations right now the secretary and I have not settled on the final number but we're in the neighborhood were close and and I'm very hopeful that that will get done by the end of the month use talked about reducing Fannie and Freddie's footprint are there areas other products that you wouldn't want them to be an jumbo loans for example or you know other types of loans. this is really going to be focused on D. risking in so again if they're going to go to market how do you look at products that they don't have a higher return keeping in mind again that Fannie Mae for instances leverage a thousand one so it's a safety and soundness regulator I really need to be able to make sure that the risk that they're taking is commensurate with the capital that they hold that's currently not the case so I think some very modest reductions in risk the major footprint will look the same it will just looks a little bit safer and I think it's appropriate particularly given where we are in the house in cycle and given my leverage these entities have. senator brown about you know how you expect investors to get involved with these companies if every extra step you take actually reduces their profitability what what do you say to that director. well first of all whatever size it was a financial arms like regulator the the the the responsibility to raise capital to convince investors his on the company's not me I think I can help make this a safe and sound system were feed somebody does invest in these companies you can be sure that they don't fail again because I think with the current situation is their leverage they have today no fail during the next crisis so how do we build them up in a way that I think of a sustainable I think a number of the higher risk products that they do don't have really good returns on equity in the house so we can reduce some of that risk and of course it's worth keeping in mind that the smaller they aren't the west capital after is to get out. respond to some criticism that this is old is going to be money in the pockets of some hedge funds who owns Fannie Freddie. well it's not necessarily a concern of mine iron I'm tasked with getting them to a safe inside condition that's my responsible on that's my focus if shareholders benefit our show is a benefit that's incidental to me building up the capital again I'll remind you Fannie Mae is leverage a thousand one I have to help them build capital or they would not system sustain the next downturn how long before the funny and Freddie raises outside capital and how do you anticipate that I'm going what will be the rows for the house and I PO. so it could be even though the first thing I think we need to do is start to retain capital and I think we'll have to have a number of months to retain earnings so six months to a year retainer ensure that track record in the boat that question before they can go to market so again emphasizing process driven not calendar driven I think the earliest you could see going to market would be the last fourth quarter twenty twenty twenty twenty one is more likely the case but I really do want to emphasize a lot of things need to be done before you get to that point the government in your preferred shares how they being repaid are these potentially one of the bargaining chips you're using it's certainly one of the one of the one of the parameters you know my view is fundamentally that the government's investment is being managed by treasury and while I'm not offer my thoughts of the secretary it's fundamentally his decision to make up my my focus is on getting Fannie Freddie in a safe and sound condition you know you talk about competition but a new competitor would have three tens of billions of dollars of capital and be on the national stage and you know I have a rate of return that would get investor is to be attracted to is do you anticipate that happening how long would it be before something like that would happen in the country so it I really whatever size for me to be able to issue new charters resolve call for is going to require an act of Congress so well we all know that doesn't happen quickly I think the important Kathy on here is you've got a bit of a chicken and egg if I don't have the usual ability to issue new charters are bring a competitor student no one's gonna try to compete so I would at least like the opportunity to be able to issue charters bring some competition into this you know and more importantly reduce the reliance on feeding and Freddie if we have five or six of these entities then no one of them is necessarily too big to fail so to me the competition aspect is as much about trying to bring financial stability of the system to the mortgage market is it is anything else that was FHFA director Marc Cooper yeah and coming up Howard marks oaktree capital group.

Fannie Mae Freddie Mac Bloomberg Vonnie Quinn director mark Calabria two years sixty percent six months
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:44 min | 1 year ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"Of Fannie Mae and Freddie Mac are up more than sixty percent in the past month on hopes the mortgage companies will exit government conservatorship Bloomberg's Vonnie Quinn spoke with a key voice in the process mark Calabria director of the federal housing finance agency so what we're working on more than a month as you mentioned a letter agreement you may remember the current later agreement caps their capital at three billion in the really new part is a much higher number than three billion so it will still be limited but we're looking to come up with a number that will get us through the next year and a half two years in the in the interim after that we will reach agreement on changes to the underlying share agreement that allow us to try to pass through Fannie Freddie out of conservatorship. he's in process driven and all calendar driven but for example do you anticipate that within a year honey and Freddy will be out of government control. it really depends on how quickly they raise capital so what we want to be able to do essentially to some extent put third destiny back in their hands they're going to be responsible for building capital they're going to be responsible for hating goal posts so what really what we're gonna be doing particularly in the amendments to the share agreement is setting up a bunch of mile markers for feeding frenzy to hit but the the day they're the ones are going to drive down the road. how much it'll will this letter agreement authorizes the GSEs to retain director. probably about and also will they didn't they were a year and a half two years but this is really the point in negotiations right now the secretary and I have not settled on the final number but we're in the neighborhood were close and and I'm very hopeful that that will get done by the end of the month you've talked about reducing funny internees footprint are there areas other products that you wouldn't want them to be an jumbo loans for example or you know other types of loans. this is really going to be focused on D. risking in so again if they're going to go to market how do you look at products that they don't have a higher return keeping in mind again that Fannie Mae for instances leverage a thousand one services safety and soundness regulator I really need to be able to make sure that the risk that they're taking is commensurate with the capital that they hold that's currently not the case so I think some very modest reductions in risk the major footprint will look the same it will just looks a little bit safer I think it's appropriate particularly given where we are in the house it's likely given my leverage these entities have. and lastly by senator brown about you know how you expect investors to get involved with these companies if every extra step you take actually reduces their profitability well what do you say to that director. well first of all whatever size it was a financial arms like regulator the the the the responsibility to raise capital to convince investors his on the company's not me I think I can help make this a safe and sound system were feed somebody does invest in these companies you can be sure that they don't fail again because I think with the current situation is their leverage they have today no fail during the next crisis so how do we build them up in a way but I think in a sustainable I think a number of the higher risk products that they do don't have really good returns on equity in the house so we can reduce some of that risk and of course it's worth keeping in mind that the smaller they are the lost capital have to race to get out. respond to some criticism that this is old is going to be money in the pockets of some hedge funds who owns Fannie Freddie. well it's not necessarily a concern of mine iron I'm tasked with getting them to a safe inside condition that's more responsible law that's my focus if shareholders benefit our show was a benefit that's incidental to me building up the capital again I'll remind you Fannie Mae's leverage a thousand one I have to help them build capital or they would not system just to say the next downturn how long before the funny and Freddie raises outside capital and how do you anticipate that and going what will be the rows for the house and I PO. could be now the first thing I think we need to do is start to retain capital and I think we'll have to have a number of months to retain earnings so six months to a year retainer ensure that track record in the boat that question before they can go to market so again emphasizing process driven not calendar driven I think the earliest you could see going to market would be the last fourth quarter twenty twenty twenty twenty one is more likely the case but I really do want to emphasize a lot of things need to be done before you get to that point. the governments in your preferred shares how they being repaid are these potentially one of the bargaining chips you're using it's certainly one of the one of the one of the parameters you know my view is fundamentally that the government's investment is being managed by treasury and while I'm not offer my thoughts of the secretary it's fundamentally his decision to make up my my focus is on getting Fannie Freddie in a safe and sound condition you know you talk about competition a new competitor would have three tens of billions of dollars of capital and be on the national stage and you know I have a rate of return that would get investor is to be attacked and two is do you anticipate that happening how long would it be before something like that would happen in the country so it I really whatever size for me to be able to issue new charters resolve call for is going to require an act of Congress so well we all know that doesn't happen quickly I think the important have the on here is you've got a bit of a chicken and egg if I don't have the usual ability to issue new charters are bringing your student no one's gonna try to compete so I would at least like the opportunity to be able to issue charters bring some competition into this you know and more importantly reduce the reliance on feeding and Freddie if we have five or six of these entities then no one of them is necessarily too big to fail so to me the competition aspect is as much about trying to bring financial stability of the system to the mortgage market is it is anything else that was FHFA director Marc Cooper yeah and coming up Howard marks oaktree capital group co.

Fannie Mae Freddie Mac Bloomberg Vonnie Quinn director mark Calabria two years sixty percent six months
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 1 year ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"From Bloomberg television here's Vonnie Quinn it's now and joining us from London bison Miller portfolio manager at Janice Henderson is just back from an extensive research trip to India the government is in his new measures to try to spur economic growth of course Asia's third largest economy but very very problematic and many new measures being introduced by mody not perhaps going over is so well with the market and with the community thanks and thanks for joining us give us your big take away from your research trip thanks Tony well I think it is certainly going through a bit of its growth soft patch and I think the markets pose the most election obviously with early for Rick and that was in contrast to what was the underlying dynamics which was a little bit of a slowdown coming through the key question is what were the factors driving that and I strongly believe that a lot of this is a made in India problem moody and that his government introduced the demonization measures of the end of sixteen and then on top of that in the middle of seventeen we had both the introduction of the GST the government sales tax and also the real state regulation act and both of these manages walls fundamentally sound and logical for the medium to long term the challenge what is an informal economy in the main here more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings find breaking news twenty four hours a day call it slash from believe its European headquarters.

Vonnie Quinn portfolio manager Janice Henderson India Asia Tony Rick Bloomberg London bison Miller twenty four hours
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 1 year ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"S. momentum is full steam ahead for discovery the media company reported second quarter earnings that were better than expected and U. S. ad revenue increasing six percent despite a drop in subscribers Bloomberg's Vonnie Quinn in guy Johnson spoke with discovery communications CFO good or vin felt to discuss the company's outlook in areas of growth bottom line is it was just a phenomenal set of numbers that we just presented you've referred to the six percent U. S. at a growth we've also guided to an acceleration of advertising you know mid single digits advertising and deny or international business we got into even high single digits I think there are two things that we that we see with these numbers and the guidance number one is there's a lot of longevity in our core business that I think some people are surprised about and number two is we're seeing some some first returns come in on our investments on the direct to consumer site some contributions to revenue and you know that that shows a very clear path to strong growth in the future and your bottom line is performance is industry leading revenue growth accelerating and it on top of industry markets so I think you know top to bottom good good set of numbers how much control do you have a release number is after all advertising is only something you can lower the best of times like in doing campaign times for example what are you telling your investors about how you're going to keep those numbers up many people don't understand where the largest TV company for a female demos in the U. S. what were the number one it's it's very difficult not to you via our advertising inventory for many of the of fast moving consumer goods.

Bloomberg Vonnie Quinn discovery communications CFO guy Johnson six percent
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:12 min | 1 year ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"From the Bloomberg interactive brokers studio this is Bloomberg best CEO Bob Pittman spoke to Bloomberg's Vonnie Quinn well congratulations what the direct listing well you know we we looked at both I think it was pretty close we got this big brand called I heart we spent time out with investors with the analysts than we thought we could get the attention we needed a without having to sell stock today no it hadn't been only mostly by mutual funds of hedge funds and and so on is this also partially an exit for some of those investors I you know I can't speak for them you know I I I think we got a a great company with a wonderful future ahead with the number one audio company in America you talk about earnings yes we have earnings we just announced you know we had two and a half percent up on revenue three point eight X. political and you saw the operating leverage of play in terms of a converting that to our just eat it up no that is among the almost committee a little bit of trepidation about radio advertising revenue what could that region twenty nineteen ambience well what's great about us is not only do we play in the radio revenue pocket and by the way we outperform the radio market place historically about two hundred basis points this year first quarter this year were over three hundred basis points out performance of that but we also play in podcast were the number one commercial podcaster I think it was expected to be about four hundred million this year maybe doubling for next year we're in digital with our streaming digital services were and events with sponsorship and of course we've got the whole new smart audio analytics and attribution tools which allow us to play in the digital pool as well finally of course what you're finding is with the decline I hate to say this of TV what you're finding with the radio is it's been rock solid in terms of reach it's now the big reach medium and we're finding some people beginning to use us to pick up for that lost reach and also to set to go after some of those light TV viewers which is about forty percent of the TV audience so I think we're very well positioned with the multi platforms and by the way being the reach leader in the US we reach more people in the U. S. that even Google and Facebook do so for us that gives us I think a a wonderful position to play in this advertising market a huge amount of raw material and obviously also to the Billboard business and so on so you've done this major restructuring you do so however of how the five billion dollars of days on the books even as you try and grow all of these parts all of the currents business how much can you spend how much capital spending can you afford and how much do you need well for us we eve even in our all of our models we are nicely free cash flow positive I mean that's the beautiful thing about the structure of this company is it throws off a lot of free cash flow so weakened the lever and pretty easily with our with our own cash flow and indeed the priority the rich wrestler and I have been running the company is really were focused on delivering the company and that's going to be our priority is to is to get the leverage down so how do you then go after growth at the same time how do you put resources into this for example your podcasting business into life events when you do have competitors focusing on each of those segments quite separately you know that I'm thinking of live nation for live events for example apple with so much cash that they can put into podcasting Spotify is also was a podcasting business recently well it into apple's a wonderful partner there primarily a platform for distribution we are the number one commercial podcast a publisher by a lot we an MP are sort of are sitting at the top and everybody else at at at a much lower level so we're very comfortable that no by the way we built that before we came out of bankruptcy so I think with a with a better capital structure we got even better opportunities and bubbly Spotify's not even in the top ten in podcasting so we don't really think they're much about a pot pie cast publisher consideration you're known as a wonderful market are a wonderful leader of companies what is your plan for keeping the younger audiences engaged Bob well the good news is that if you look at radio just our broadcast radio platform which is one of our platforms but as this huge reach is not only do we continue the reach for total adults but actually when you look at millennials and Genzebe gens he reaches almost ninety percent now and that's about what it was in nineteen seventy and even two thousand five so the good news is that it's the teenagers are coming aboard radio member radio is not where you get your music radios where you get your community where about companionship where your friends and that is something that's probably more valuable than ever in a world of sort of increasing fragmentation due to technology and.

Bob Pittman Bloomberg Vonnie Quinn Bloomberg interactive brokers CEO five billion dollars ninety percent forty percent
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:06 min | 1 year ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"Business flash. Now, let's get back to our special holiday programming on day, break Europe and this morning, we're taking a closer look at Brexit. We can't talk about Europe because without discussing Brexit. According to the UK's financial regulator, British and e. Need to undertake a big debate over post Brexit oversight financial conduct authority. Both Andrew Bailey tells new guy Johnson and vonnie Quinn. That's the only way to know. Markets and resolution of disputes. There are those the suggests that the would gain all the city of London would gain advantage post. Brexit do away with significant swathes of financial regulation that currently this those that make that argument missing the point that the global regulation is increasing way, we should look the globally regulations becoming more lines not less sweetly. There's no question that in the period since the crisis financial crisis decipher a decade ago. What is really happened is a global initiative to build stronger regulatory foundations by the financial world. So is that question. Impact on that increasingly global approach which is right because Trump is global financial regulation is becoming an ever-increasing pas of of every financial centers make up an constitution, and those oversea it's made to have the finger on the pulse of what is happening with the regulatory environments prerequisite for whoever wants to be the next governor of the Bank of England that they should have significant regulatory experience. Well, spent years. Staring round of questions, but let me say this. I mean, what's changed in the post? The bacterium has been given important. Very important regulatory responsibility says. Back in the nineteen eighties. Had regulators that we went for a long wave of not having them, and it is appropriate that the central banks you have those responsibilities. Anonymous, Trump support for that? I'm starting volt in the areas a member to the commences. You want to post Brexit relationship with the EU in terms of financial services to look like financial services, the most important parts of the Brexit process. Assuming that goes this way, we'll be the next face to come which is about the future relationship. That's the Cape financial services. Now, I think he can say from what's already being a great in this about line agreement between the U that there was an agreement to base it on what I would say. I wish to flesh this out criminal arrangement has to have substance round. And it can't be just politics coming together. And saying what do we think today? By financial markets. And finally us regulators as well, we need to operate in a frame what that gives us predictability that we can operate within that we can take and implement decisions can do that without disrupting markets and the very important public interest objectives. So that's what we need to for. View. So you're embarking on a year of discussion of dialogue. Where is the end point? Where do you anticipate that there will be a set of British regulations that will accomplish the goals, you just laid out? Well, let me say on that first of all the surprise seems to me should start with a potent underlying principle that we support open financial markets, and that we support open global financial I'd say that quite clearly this is not about regional financial markets. It's about global financial markets. So that should be very clear and point for this price. I also second point is that I think the agreements that we have with other countries should be based on outcomes comes founded on clear principles, and we use rules to in a sense put those into practice, but it's outcomes that Matha we should be judged by the outcomes emission outcomes, and we should found crinolines on these on that approach. This whole issue of the UK and the EU. We think.

UK Europe EU Trump Andrew Bailey Brexit London Matha Bank of England guy Johnson vonnie Quinn
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:30 min | 2 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"Two and General Motors up almost three percent in early trading after fourth quarter profit beat analysts estimates. That's a Bloomberg business flash. Tom and Paul Karen, thanks so much pulse. Sunni in term, keen, lots to talk about. What is most interesting is? Sometimes you have a constructive breakfast in New York City, they do that at the economic club of New York. I never get to a ten because I'm here with Paul Sweeney having the lushes breakfast, they lay out for us every day hotel breakfast English breakfast that they lay out for us here. Bloomberg surveillance. Vonnie Quinn pulled the short straw. She wins. No question about that. Vonnie Quinn in conversation with one of the giants of market economics here. He is vonnie Quinn moments ago with Edward Hyman ever core. ISI where are we in the cycle because it's so hard to know when you're the longest ever where are we? I think we're still biologically. Okay. But that's one thing. And then also. I mentioned one thousand nine hundred twenty nine and ninety nine and two thousand five the way in which psychology plays a role in shaping the business cycle and investments. I'm very. Interested in and I find that at the moment. Most people are fairly pessimistic. What are the pessimistic in their forecast or not sort of pessimistic? In general, like Davos, I couldn't watch it anymore. So much negative feeling coming out. And I don't think this is. I don't think this is the end of a cycle because I think people are a little too cautious for that to be the case. And then broader overview question were hurtling towards twenty twenty seems what if there is a change in economic thinking. And so all of these new ideas, not new, but you know, things like Medicare for all things like a wolf tax. They're gaining traction. And a lot of people are very supportive of those ideas can an economy, reverse course, like that what would happen in that situation. Very perceptive. This is an unspoken question comes up after a couple of glasses of wine or something. But there's a fair chance that we're going to have a complete regime change seventy percent tax rate. I worked for a long career with seventy percent tax rate. One for me three for you. And I don't know. Seem to be okay. And then a tax, but I mentioned I was in California. And I asked I always ask people. Do you think Trump will be reelected? And in New York is about fifty fifty. In california. It was twenty percent. Yes. And so then you just think well, gosh, California, who's the present a question like that it's unfair. He's be reelected. You're not presenting who's going to be who's going to be running against. So it's really not a fair question. But I lay wicked night. Thinking about that. And what the stomach response would be if that comes up, and I assume it would be pretty bad the workup to it would be pretty bad. And then I had the jarring experience was in Tokyo the election night when Trump won. And I was giving a speech to two hundred and fifty people who I meet with once a year at three o'clock on Thursday afternoon in Tokyo. And so I was all set. And then. Trump won. So I had to complain. A panic. But that could happen again, you could look like Trump's gonna win the whoever. So let's. It's a risk out there. But it could be a big big change. Ed hyman. The economic club of New York are vonnie Quinn. Earlier this morning possibly in term killing York. We must tell you Bloomberg surveillance bunch by sector spider. EGF's why am I a single stock when you can invest in the entire sector, visit sector S P R, S dot com. Call them at one eight six six sector ETF. It's interesting. You talk about recession gaming, my basic read on this. I'm really interested in yours. You never see a recession coming. Two quarters negative GDP talk about talk about talk about it. And then when you least expected boom, boom. Yeah, it's interesting. I think what we heard from Mannheim indices. Not seeing the end of the cycle right here. Despite the pessimism that he feels out there in the marketplace says he travels around the world talking to institutional investors and tries to parse what he heard coming out of Davos, certainly a wall of worry out there. And I think people feel pretty decent certainly in the US through twenty one thousand nine hundred, but I'll hear anybody going out on a limb. Talking about the economy in two twenty twenty certainly not going boisterous means Steve Staley earlier's got a pretty optimistic view. But I think he is a little more challenge getting onto twenty twenty as well. Yeah. I think one of the things that continues to confound some certainly US growth watchers. Economists is just generally how does the US continue to perform the way it is whether it's two and a half percent GDP growth or whatever in the face of significant slowing out of China out of the European Union. How does it US continue to be that beacon of growth and Helen can that last? Day to check for you. Now futures are born Dow futures up eight six minutes from the opening the vix improves a lower statistic fifteen point five three excuse me. Fifteen point three five on the vixen point two two points. You'll bark shows the risk on feel as well to sixty eight on the tenure thirty year bond. We may get two to ninety nine right now. Three point zero one percent. I would note the Germany tenure bond with all the news out of Europe really comes in lower yield positive point one five eight and the German tenure that's something. The pros watch carefully sterling one twenty nine seventy three. Yen.

Vonnie Quinn Bloomberg Trump US California Davos New York New York City General Motors Paul Sweeney Tokyo York Tom ISI Ed hyman Steve Staley English Germany
Hope of breakthrough in US-China talks

Bloomberg Best

00:41 sec | 2 years ago

Hope of breakthrough in US-China talks

"Percent. Hang sang down. One tenth of one percent. The ASX two hundred is essentially flat. And in Seoul, the kospi up two tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter. This is. Bloomberg. The US is increasing legal pressure on wall way. Justice officials sit down to negotiate trade leaving the Federal Reserve with nowhere to go. Anytime soon. The first meeting of twenty nineteen begins today for more on the Federal Reserve policy and the outlook for a US China trade deal. Bloomberg's vonnie Quinn and guy Johnson spoke with Vanguards global chief economist Joe Davis, how have your figures changed over the last few days while we were in -ticipant in some elver elevator rise of uncertainty, but we even been worse than we would have expected the United States China and in Europe off seen a rise in what we call policy uncertainty that has lowered are already below expert below consensus growth forecast for the United States for China and for Europe. So we do the best. We can I think we're in for a turbulent economic growth environment for at least the next several months because this uncertainty even that you've been talking about today at the margin, crimps investment and jobs across the world is the data enough as a plug in anymore and not that we've been getting. The data. Economists don't even have what data door to get this year. But even if it were doesn't give us the full picture anymore. I don't think it does. I mean, I think we're still working through even even some of the manufacturing. We're we're going to see some of this inevitably given the restock and we saw at the end of last year, given the rise of tariff. So I worked for some top of waters. I think we're not going to get a clear picture that the economy

Federal Reserve United States Bloomberg China ASX Europe Twitter Seoul Chief Economist Vanguards Guy Johnson Vonnie Quinn Joe Davis -Ticipant One Percent Twenty Four Hours
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 2 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"Wilson All right you're. Listening to Bloomberg markets couple stories. We just want to kick around for, everybody and I think both of these might be among the most read on the Bloomberg this one with Bill Gross though Jason definitely atop the list well Bill Gross is obviously one of those names that if you had to name ten maybe even five fund managers that are just, top of the charts and at least the charts in terms of name recognition. Bill, Gross is certainly wanted to he has had. A tough few months and, there's a great chart, will maybe we'll see. If we can tweet it out about the. Assets of his fund over there at Janice Henderson. And I wanna play if we can. Comment that essentially his boss, made about his performance. Of late The sort of underperformance, that is saying now is is is challenging and disappointing to him more than any of us but certainly to all of us we're we're not where we need to be but if you look across, his forty year record that's the anomalous period And I think, in time he'll he'll come back, around, so that was genus Henderson CEO dick. Wheel he spoke earlier today to r Kelly's Caroline, Hyde and vonnie Quinn Can you and. I were joking a little bit it's like, I'm not angry Bill Just disappointed that's the worst thing you want to. Say like you, know you have a kid and your parents says it to, you it's just like let me just say though investors pulled money from Bill Gross his bond fund for the fifth consecutive month into live reducing assets to. The lowest since December twenty fourteen that's less than two months after he took over so we're talking about what was. It two hundred million dollars more than two hundred million dollars in redemptions last month and now the fund's assets are at about one and a quarter billion compared. With February's all-time high. Just a. Few months ago of two and a quarter billion that's a big change it is and so. We pair this story with one of the, clear most read stories of. The, day the headline is fidelity doubles, down on passive investing with zero fee funds now part..

Bill Gross Bloomberg Janice Henderson CEO r Kelly vonnie Quinn Jason Hyde Caroline two hundred million dollars forty year two months
CEO says trade war would be "disaster" for U.S.

Bloomberg Best

03:03 min | 2 years ago

CEO says trade war would be "disaster" for U.S.

"Way i'm andrew o'day we've been speaking about the increasing threat of a u s china trade war which could be spurred on by new investment restrictions on china imposed by the us treasury for more bloomberg's vonnie quinn and caroline hyde spoke with komal srikumar president of sri kumar global strategies whether this applies to china or old countries the same idea global trade war is escalating the global trade ward is clearly bonnie and thank you for bringing the topic i think it is probably the single most important topic that affects global economy and markets right now it has been a sleeper issue for the wild i read mr mnuchin statement that this is fake news and it does not believe to be true is correct or not i would wait to find out to that advice as the president trump mr lighthizer i'm peter navarro dane fact come out and support the treasury secretary position we've had in the past mr mnuchin said the trade waters on board lead to be contradicted by other members of the trump administration so i think today's tweet doesn't change my mind at all that the trade what is escalating warning if anything it's putting markets more on edge three what do you do in an environment like this where it seems treacherous that's a great question i did a piece recently for bloomberg opinion essentially saying this is exactly how it unfolds he initially trade wars caused very little ripple inequities are involved market but over the passage of time it is very negative for equities and it is going to be extremely bullish for us treasury and boone called us so i think in terms of where it is headed take but even more than us treasury see what has happened to the german bund mid me the ten year yield was about sixteen basis points today we are trading at thirty two we have essentially how the and i think asked this continues on i do have more confusion on the trade front this is going to accelerate and bloomberg you have had this big feature earlier today and you and caroline have been talking about harley davidson and move forward and the loss of jobs to the united states is what we call a secondary impact of trade tensions you have second impact and the third level impact on what we learn from history is that it takes a couple of years before the negative becomes very apparent and unless this is reversed this is going to be very negative for global markets in the rest of twenty eighteen and even more so in two thousand nineteen three how much further could the market full than g thing that the secondary sassari reaction is being factored into the market selloff as it stands doc yet.

Andrew O'day China Bloomberg Quinn President Trump Mr Mnuchin Harley Davidson United States Treasury Caroline Hyde Komal Sri Kumar Peter Navarro Dane Boone Ten Year
"vonnie quinn" Discussed on KBNP AM 1410

KBNP AM 1410

02:14 min | 2 years ago

"vonnie quinn" Discussed on KBNP AM 1410

"The time has come for women to take charge she spoke with bloomberg's vonnie quinn talks about the activism that we've seen this year has had a particular flavor given me too and everything that came out of that actually it is i mean it you know i was i am from a generation that i was very proud to be a feminist and it was a wonderful thing to be in you'll really proud and then my daughter's generation they kind of took it for granted i guess but i see that now this new generation really is feminist and and i think it's important i mean i think that to fight for equality seems so obvious and so normal and the so i am happy about the me too and i know that people say oh but it's too much i don't think so i think it's time for everybody to for women to take charge and also for they should be you know you can't just say we need one woman on our bowler why i mean it's just like i need a green plant on the table it seems like the conversation waxes and wanes right so something sometimes it feels like how are we still having this conversation but it needs to be had because things are still so uneven howdy lane tain that momentum particularly at a company level i think the company is like a family is like is like the world i think that women have a very important role at home in the world and and i always say you know when there's a tragedy somehow it's always the women who takeover right so i think women should be in charge without the tragedy and i think it's it's important and we and but it's also it's also matters that the women own it you know so i think it's important that women feel strong and that they own this strength and that they demand equality and demand to be to be equal i mean it doesn't seem like it's something so crazy.

bloomberg vonnie quinn
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 3 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"Bloomberg television here's vonnie quinn is the uk ambassador to the us so can darik and thank you for joining it seems like the us is breaking with europe insertion really sticky issues such as iran such as the jcp away even north korea it's going its own way is that frustrating for britain who really has had an amazing relationship with the united states over the decades still will remain exceptionally strong relationship in which we can discuss openly and frankly the few issues on which we disagree actually very support what the administration the president's doing on north korea iran let's remember that we agree on the objectives which is around that is not developing nuclear weapons that is not doing malign unhelpful things in the region that is not developing missiles the issue we have is that we would like to retain intend to retain the jc period iran nuclear deal and the the president of the us will withdraw from it and disappointed by that was sorry about that we're going to stick with the deal as the prime minister said when she met president i call recently and we will continue to talk obviously to our allies avia this administration about ways of moving forward on ballistic missiles and on iran's megyn activities hear more interviews like this one on bloomberg television streaming live on bloomberg dot com global business news twenty four hours a day bloomberg dot com the radioplus mobile app and on your radio this is a bloomberg business.

vonnie quinn north korea britain united states president prime minister iran Bloomberg uk europe jcp twenty four hours
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 3 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"And the ad council why has bam insured more than thirty five billion dollars of municipal bonds for central public projects across the us because bam's guarantee helps infrastructure dollars go further bam insured bonds rated aa staple by smp global readings and liquid with more than five hundred million dollars trading and a typical week that means excellent market access for the cities towns and school districts that build america and protection for the investors who stand with bam the feeling is mutual influential conversations from bloomberg television here's vonnie quinn joined now karen region head of institutional advisory and solutions where people ever dependent on the socalled reliability of the vix well the vix is it's distinct from realized volatility so we have to keep that in mind the vix is certainly grown in popularity as we saw a lot of products being tied to it and you know there's certainly a lot of speculation that the recent spike at the beginning of february was tied to some of those products but we think that it's also tied to market sentiment and concerns over trade you know syria and all of the the news that was sort of in the backdrop but not really bubbling forward into the market and we think that's what broke over that period is there an optimum liquid versus illiquid assets allocation investors have been in private equity real estate for a very long time they tend to look like things like real estate for cash flows and sort of longer term return generation and of course private equity is looked to as more of a higher return generation but more recently private debt has been a very very popular asset class for many investors to get into but what we see is this really wide range of what that means surprised at dead has a wide spectrum of risk.

us bam america vonnie quinn syria bloomberg five hundred million dollars thirty five billion dollars
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 3 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"From its creditors oversight for more bloomberg's vonnie quinn and mark barton's spoke with former greek finance minister jaanus verify focus about his new political party european realist disobedience front tells about this new party what does that stand for where will it be a presence it is a great political party to begin with and put it very very very simple we have to say no we have to disobey to this extending it pretending of the same day depression now for eight years and the sort of lose no delusion that things would get better if we continue to do the same thing which is propagating our nation's depression but it is not just a political party in the sense that we have the movement now across europe we call it the european spring we have partners as well as owner organ exemptions from france and italy denmark in poland in portugal and we're going to give in the may two thousand nine hundred european parliament elections jumps in you say saying no specifically to walk the whole european project sauntering we are committed europeans we say no to this madness of the business as usual these stubborn the basis of our programs are very sensible model thing of it in terms of roosevelt's new deal in nineteen seventy as to energize idle savings from the private sector and with the cooperation of the for private sector.

bloomberg france denmark poland roosevelt vonnie quinn mark barton finance minister europe italy portugal eight years
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:48 min | 3 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"And bloombergradio dot com this is bloomberg best i'm june grasso i'm ed baxter as world economic leaders gathering washington dc for the spring meetings of the imf the worldwide economic organization predicted that the world's economies current upswing will continue for the next two years but warned of a downturn after twenty twenty for more bloomberg's tom keene and vonnie quinn spoke with imf chief economist maurice ops felt professor i would suggest bloomberg economics cutter right which is it's a very constructive economic outlook but then how far out is the but then when the global economy ebbs well tom as always our forecasts consists of a baseline but then we worry about the risks so we do see global growth moderating a bit over the next after the next couple of years but we do see number of risks out there and they range from risks to financial stability to the you know the big risk people are talking about here this week which is risks around international trade well international trade or clearly be front and center you've got an almost three hundred page economic outlook filled with lots of smart analysis of the ideas and the concepts had in paragraph three you get right to it which is high debt levels worldwide i would suggest led by the united states and the new trillion dollar deficit how does maurice ops fell translate the new trillion dollar deficits of the us well the the the us according to what we've been recommending for a while faces fiscal challenges in particular from entitlement programs and so needs to put its data and its government obligations generally on a more sustainable path from that standpoint the the increase in the deficit is not going in the right in the right direction it's also coming at a time when the us is at full employment so it's leaving and this is a really a problem for for many countries with high sovereign debt levels not much munition in the case of a new recession down the road tell us about the european economy everything was wonderful even weeks ago and now there's selected data of rolling over in e growth do you observe that the imf last year was really a banner year for them with you know sequential positive surprises.

bloomberg grasso ed baxter imf tom keene professor united states vonnie quinn chief economist maurice ops trillion dollar two years
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:19 min | 3 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"The company is at risk of a government antitrust crackdown there are religious with amazon but not the ones that trump is going after all this and more coming up in the next hour of bloomberg best this week marks the twentieth anniversary of the good friday agreement which ended decades of violence in northern ireland bloomberg's vonnie quinn and mark barton's spoke with a man who brokered that peace deal former senate majority leader george mitchell talks about the good friday agreement the twenty year anniversary and whether you ever thought it would hold this long when i noticed the agreement i said that it was an historic achievement which it was but i said on the same day that by itself it did not guarantee peace political stability reconciliation i recognize then that would be future decisions difficult decision to be made by future leaders and as you know right now they have a great deal of difficulty the independent power sharing government didn't know has not functioned for over a year my hope is that the current leaders will summon the courage and wisdom that the leaders back in nineteen ninety eight summoned one after a lifetime of conflict they took the dramatic and difficult and dangerous step of entering into an agreement for peace which has lodged beheld over that twenty year periods what is the one ingredients which tipped the scales femme arguments sale maze to some place where you can move forward at something i think there'll be lots of books written about it there already have been i think the judgment of history will be that the political leaders of northern ireland and the people of northern ireland had the courage and the vision to summon that strength and reach an agreement ending centuries of conflict even though it was very difficult for them to do it highly politically charged and personally dangerous circumstances so in the end i think it was political leadership that's a moment in the particular situation that northern ireland in general is causing which is one of the sticking points for moving forward now but i do want to ask you about us relations with some difficult countries like russia for example north korea what should the us approach be given that we have a whole different style of leadership now.

amazon bloomberg ireland russia north korea vonnie quinn mark barton senate george mitchell twenty year
"vonnie quinn" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:17 min | 3 years ago

"vonnie quinn" Discussed on WAFS Biz 1190

"This week marks the twentieth anniversary of the good friday agreement which ended decades of violence in northern ireland bloomberg's vonnie quinn and mark barton's spoke with a man who brokered that peace deal former senate majority leader george mitchell talks about the good friday agreement the twenty year anniversary and whether you ever thought it would hold this long what she said that it was an historic achievement which it was but i said on the same day that by itself it did not guaranteed peace political stability or reconciliation i recognize then that would be future decisions difficult since he made by future leaders and as you know right now they're having a great deal of difficulty independent power sharing government didn't know has not functioned for over a year my hope is that the current leaders will summon the courage and wisdom that the leaders back in nineteen ninety eight summoned one after a lifetime of conflict they took the dramatic and difficult and dangerous step of entering into an agreement for peace which has held over that twenty year periods what is the one ingredients which tips the scales from arguments and sale mate to some place where you can move forward with something i think be lots of books written about it there were already have been i think the judgment of history will be that political leaders of northern ireland and the people of northern ireland have the courage and the vision to summon that strength and reach an agreement ending centuries of conflict even though it was very difficult for them to do highly politically charged and personally dangerous circumstances in the end i think it was political leadership that moment in the particular situation that northern ireland in arlington is causing which is one of the sticking points for moving forward now but i do want to ask you us relations with some difficult countries like russia for example north korea what should the us approach be given that we have a whole different style of leadership now and we just got the news at vladimir putin will be visiting is that a good thing agree that would be a good thing if the united states and.

bloomberg ireland arlington russia north korea vladimir putin united states vonnie quinn mark barton senate george mitchell twenty year
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:44 min | 3 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"Is clearly the better way lift cofounder john's emmer comments on the hashtag delete uber campaign there could have been a temporary moment where people said hey lift is a is a good option for me to try but we we held onto that and we continue to take market share throughout the year plus as president trump continues to attack amazon nobel laureate paul krugman explains why the company is at risk of a government antitrust crackdown there are religious with amazon but not the ones that trump is going after all this and more coming up in the next hour of bloomberg best this week marks the twentieth anniversary of the good friday agreement which ended decades of violence in northern ireland bloomberg's vonnie quinn and mark barton's spoke with a man who brokered that peace deal former senate majority leader george mitchell talks about the good friday agreement the twenty year anniversary and whether you ever thought it would hold this long when i know i said that it was an historic achievement which it was but i said on the same day that by itself it did not guaranteed peace political stability o reconciliation i recognize then that would be future decisions difficult such made by future leaders and as you know right now they have a great deal of difficulty the independent power sharing government didn't know has not function for over a year my hope is that the current leaders will summon the courage and wisdom that the leaders back in nineteen ninety eight summoned went after a lifetime of conflict they took the dramatic and difficult and dangerous step of entering into new agreement for peace which has largely held over that twenty year period.

john paul krugman amazon bloomberg emmer president trump ireland vonnie quinn mark barton senate george mitchell twenty year
"vonnie quinn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 3 years ago

"vonnie quinn" Discussed on Bloomberg Radio New York

"This week marks the twentieth anniversary of the good friday agreement which ended decades of violence in northern ireland bloomberg's vonnie quinn and mark barton's spoke with a man who brokered that peace deal former senate majority leader george mitchell talks about the good friday agreement the twenty year anniversary and whether you ever thought it would hold this long when i noticed agreement i said that it was an historic achievement which it was but i said on the same day that by itself it did not guarantee peace political stability or reconciliation i recognize then that would be future decisions difficult such incident made by future leaders and as you know right now the having a great deal of difficulty the independent power sharing government did not has not functioned for over a year my hope is that the current leaders will summon the courage and wisdom that the leaders back in nineteen ninety eight summoned one after a lifetime of conflict they took the dramatic and difficult and dangerous step of entering into an agreement for peace which has held over that twenty year periods what is the one ingredients which tips the scales from arguments and stalemate to some place where you can move forward with something i think he'll be lots of books written about it and are already have been i think the judgment of history will be that the political leaders of northern ireland and the people of northern ireland at the courage and the vision to summon that strength and reach an agreement ending centuries of conflict even though it was very difficult for them to do it highly politically charged and personally dangerous circumstances so in the end i think it was political leadership that's.

bloomberg ireland vonnie quinn mark barton senate george mitchell twenty year