38 Burst results for "WTI"
Fresh update on "wti" discussed on Bloomberg Businessweek
"Now by 8.8% to be clear the Dow down one tenth of 1% S&P up two tenths NASDAQ up 6 tenths of 1% Ten year yield 1.67% spot gold little changed up a dollar the ounce now 1783 up by less than one tenth of 1% crude down 9 tenths of 1% 82 65 for a barrel of WTI Bitcoin slumping 3.9% right now 63,397 on Bitcoin The Federal Reserve's beige books that employers across the U.S. were struggling to attract and retain talent and in some areas vaccine mandates have made it even more challenging to hold onto workers.
Fresh update on "wti" discussed on Balance of Power
"Is a Bloomberg business lab From Bloomberg world headquarters I'm Charlie pellet stalks are drifting as investors deliberate over mixed corporate earnings against rising expectations for inflation right now Tesla shares after last night's report they're up 3.2% IBM no weighing on the Dow We have got IBM down now by 8.4% The Dow down a 135 points that is a drop of four tenths of 1% S&P 500 Index down one point lower by one tenth to 1% NASDAQ har by 59 for the NASDAQ composite index again now of four tenths of 1% the NASDAQ 100 index also up now by four tenths of 1% Ten year yield 1.67% right now the tenure is down four 30 seconds Spot gold down $2 even the ounce down one tenth of 1% at 1780 and West Texas intermediate crude tumbling 2% 81 72 for a barrel of WTI Union Pacific posted a profit that top analyst expectations as cost cuts and price increases bolstered the bottom line even as cargo growth lagged amid supply chain snags the railroad cut its 2021 volume target chairman and CEO Fritz Lance just wrapped up an interview with our David Weston He says yes while COVID is the ultimate source of supply chain disruptions finding workers is another big constraint Probably the bigger issue right now is the labor force in the United States and specifically getting more truck driver and truck capacity and getting more warehouse capacity through labor in our distribution centers If I could wave a magic wand if we could if we could get more of our labor force into trucks and into warehouses I think a fair amount of the problems would start clearing up And right now we do have Union Pacific shares trading higher They are up by four tenths of 1% After the bell plenty of earnings including Intel snap Mattel chipotle and Whirlpool will be all over those numbers as they break One O two on Wall Street time.
Fresh update on "wti" discussed on Bloomberg Daybreak Europe
"His sort of optimism about the strength of the UK recovery So there he was today talking us through earnings It's just coming up now to 7 29 a.m. here on Bloomberg radio Let's bring you the latest in terms of the markets after gest the Barclays CEO has just been speaking to me by radio and TV An update in terms of the data then the MSCI Asia Pacific is up by 7 tenths of 1% be fairly range bound it does seem the CSI 300 just now popping back into the green as they fluctuating above and below the flat line this morning the K two to 5 though down by 1.9% Some of the big drags in terms of Asia are yet again the evergreen story Yes it's well flagged But it's still painful in terms of what it means for the property developers and also ever grant groups own shared sinking because of their worse than cash squeeze as to the futures we saw U.S. stocks rally for a succession yesterday Futures are also looking down this morning Dow Jones features dropping two ten to 1% S&P 500 even features down a quarter of 1% Euro 50 features also off by half of 1% bond markets U.S. yields a trading 1.1 .648% So down by a basis point just dad he was just saying to us that this is going to be a different environment in terms of interest rates in the UK so we watched that story Bitcoin touched a record high of almost $67,000 yesterday we trade at 64,500 now down by 2.2% And WTI crude features at 83.4 softer by three tenths of 1% So there is a roundup of where we are in terms of the data we're going to get into more earning zone a moment I'll be joined by Bloomberg's Benedict camel to talk through Tesla and the EV maker what happened there was a very fascinating quarter Let's bring you the top stories now before that conversation So I mentioned the Bitcoin valley of more than $66,000 for the first time when it does mean that there is greater optimism around Bitcoin greater mainstream acceptance of the cryptocurrency comes after the successful launch of the first exchange traded fund for investors the cryptocurrency.
The Role of Physical Activity and Sedentary Behavior in Relation to Chronic Diseases
"Have done research white widely on different teams on sedentary behavior. What what is the thing at the moment that you get most excited about while i get some way. We've been researching copied for more than ten years now and I think what Really defined our research program is that we attempt to align epidemiological research with experimental research. And now as we move into real life interventions and to try and link all that evidence onto give out in what we call in ten triangulation of the the data and i guess what excites me. The most is that over that Appeared of time. We had started to gather evidence to really support the Up approach in the management and prevention of taught to beattie's of reducing sitting on and moving more frequently throughout the day we are highlighting. How shot change could lead to improvements in glucose management and also reduction in Some of the mighty complications of top wti light co. cardiovascular disease. Yeah yeah and you mentioned that you are trying to align the epidemiological and experimental research. Is there some mismatch that you wondering. Where does it come from No i guess on what we have let from a most recent iteration of the us Physical activity guidelines which was a really comprehensive Review of the evidence Specifically was a subcommittee form to look at the influence of and terry behavior on chronic diseases. And i think what what's important is that Within that review that identified that there is now strong evidence linking high amounts of seeking to an increased risk of talk to dr babies incidents and i. Now it's our job to stop to understand. Well why is this link between fifteen time and taught to diabetes and that has laid off seem to i a number laboratory based interventions here at the baker. And now i'm in an exciting development. We're now pushing this out to a long term intervention in the office workplace for people with diabetes
Novak Djokovic Loses at Olympics, Ending Golden Slam Bid
"Another dramatic week on the atp a wti tools. The olympics have been and gone in tennis. We know all of our medalists. And i think the biggest. The biggest talking point is probably a a sutton novak djokovic. Not being the the medal podium in the men's singles or even the the mixed doubles it was really dramatic it was already tobac- of exude seemed to be going swimmingly for heavy was beat. Great did the olympic village but he had one day. He had two matches and he goes to. She's in a row he did it was. It was not novak's time when it came to the end of this olympic tournament. We say not and it will change all of a sudden really and especially in that semifinal joe he was a set up six one and we go. She's just well on his way to olympic gold and then it all turned around and he's he's left take with zero medals and possibly a shoulder injury as well so not to be golden slam full finales share
Making the Most of a Virtual WWDC
"We are in the special time of year where things exciting will. You can feel the anticipation rising. We are recording Less than two weeks from. Wdc and An exciting will say slightly awkward time of year for me. Sometimes we're never know what to work on. Because i don't wanna start anything new or big because in less than less than two weeks. I'm i can marching orders essentially for the rest of the summer But i'm excited. Nevertheless and i think this year especially i can have a slightly more concentrated straightforward bit of excitement because i sort of know what to expect last year where to receive was virtual for the first time ever. It was a strange feeling and not knowing what to expect how it would go how i feel about it. A lot of those feelings bit more complicated risk. This year i had a tremendous experience last year. I thought it was the best. See probably You know certainly. In recent in recent years i really enjoyed it. I think it works really well for so many aspects of a conference and So i thought this year What we can do as the episode before wti is to try and outline really. What are the things that kind of allow you to make the most of wdc And i think there's some things that i learned from last year and there's just some general tips that i think are helpful to help us sort of make the most fit because one of the weird aspects of totally virtual. Wdc is you. It's sort of. It's on you for how much you get out of the conference and that is very much up to you your efforts your intentions the time you dedicate to it etc in a way that if you were physically on site there was a lot of sort of almost like scaffolding around your time it would be places to be at particular times and then you'd go into a thing or you know the lab is open from ten to two and so you need to go from ten to whereas when it's on your own and it's much more virtual if that's on you and i will say i think the biggest sort of number one tip is understand that you will get out of this week Sort of the effort you put into it and so if you go in and just kind of like casually watching videos and do some things like great. That's what you want. That's that's awesome but you can get a lot more out of this. You can learn a lot more. you can Sort of get a lot more progress towards your projects that you're going to work over the summer and you can be in a better place At the end of the week if you are thoughtful intentional and to give it attention in a thoughtful way.
Why Only Engineering ? Is there world outside it? - burst 3
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Undone Beauty Review: Clean, Minimalist Makeup
"Want to start with a brand. That's new to me golden dom beauty. Now they sent us a bunch of products obviously full disclosure we will always full disclosure disclose things they send somebody products to try and i tried them and i wanted to give you a review of my trying them because when i first tried them i was like well. This is okay but then this is the thing isn't it. We always have to review things. And i think this goes across everything that we use is. Does it do what it says. It does. And on wti the thing that i actually really like about ron john. Beauty is it's not to be something isn't if that makes sense it is all about minimalists beauty. It's about getting the job. Don a us retouched photos in their campaigns. It's all about just making life easy and getting it done and even though it's called undone i do actually really respect that now. What i'm going to say is this is not a brand for beauty. Obsessed people like me. This is realistically i'm like. I know it's a brand. That's four main. This is not a brand for someone who's gonna spend three hours of sephora trying to get the exact right shade and coverage of foundation Because they've got the time and the inclination to do so. It is for someone who wants to get their makeup on. Get out the door and go about their day and with that in mind i actually really liked it. I did a full face I used the Unfound matt tent. Which i really liked very. It's very light coverage which it says again it says it so can't be matter at But it's really pretty re pretty vanishes vegan and cruelty free which we love the lip to cheek pallets. A really really like they're really nice. Gives me a real steeler convertible color vibe in such a win. The flush brow They sent me two shades and neither of them were perfect for me but the dark brown which i use a very light hand. That was pretty great for my bras. Which i need a very ashi tone very doc not darker than blonde but i need an ashi. Ashi ashi tone in my products. I use very light hand with the pen. That was great and the little brow of pa- made gel on on the other end clues double ended product which makes it a real value. Money win That was great. That was fantastic. That was too dark for me but as a product that does what it supposed to do. I thought it was fantastic. I liked the lip gloss over watermelon lip gloss which i've actually been wearing a lot. I enjoyed that and my favorite product. I have to say my absolute favorite would even believe it was the water highlighter. And it's one of those highlights sticks that feels cooling on application so called water for a reason very high water content and it feels cooling on the skin on. I absolutely loved
Oil price rally continues as WTI crude hits one-year high
"Wt I crude oil continuing to gain although we're off session highs We've got evidence that OPEC plus is continuing to whittle down on global inventories. Chinese stockpiles now at the lowest level in nearly a year, and earlier today, the government in the states reported that Crude stockpiles in the most recent week. We're down by a million
Stocks close lower Tuesday, backing off record highs
"Ves and P Nez Stack off session lows but red on the screen. It is the down Tuesday. Let's head right over to the first word breaking news desk. Poor Today's afternoon call, and here she is crazy Gupta. Good afternoon. Charlie. Stocks Trading Lower Head of the clothes. The Dow's down 43 of the recipe down five. The NASDAQ Down 44 US 10 Year yield at 93 Basis Points and Gold trading higher by five small caps down 2% with eight out of the main 11 S and P sectors trading lower that price action led by gains and consumer, discretionary and health care stocks. Real estate in industrials leading On the downside, the NASDAQ biotechs falling 61 points. Transports losing 94. Sami's down eight. The vics out of 23 handle with WTI crude futures up 9/10 of 1% on the day. Looking under the hood, though Charlie in the S and P. 500, Amazon and Intel leading those games with Apple and papal on the downside wrapping things up. It's a low volume, light liquidity kind of day, all eyes on Washington. And what's next for that $2000 stimulus track proposal as well? Is that Senate race In Georgia
How To Love Your Body
"Hello. Welcome to Diet Starts Tomorrow on Alien I'm Sammy and this week we are so so so it deserves three so's to share the all are amazing guests we have Sarah Nicole Landry also known by all of you as the birds Papaya on instagram maybe you're one of her one point seven, million instagram followers or you know her from her famous post about self love and body positivity will come Sarah. No well. Thank you so much for joining us coming on this podcast I mean we have been talking extensively about the process of loving our bodies like the few of us have been. We recently leaving diet culture at recently like of the last year I would say, yeah, and so the whole except we talk all the time same and. Yet text twenty, four seven were always talking about like how loving and accepting your body is is almost the case the key. Wild. It's. So it's one of the only things that we actively like I don't I don't mean to compare it actively too many other forms of addiction. But when we're in this form of recovery from Dia Culture dieting or even if you were as both ledges like eating recovery from disordered eating, you have to exist with food every day you have to exist with this advertising every single day these bystanders every single. Day It is like eight doesn't just like all of a sudden you wake up and you're okay with it I think you just constantly learning the tools as you go I still feel so new and honestly when you say you're a year into kind of like unpacking this stuff I'm like still within the last three years now pregnant. So it's like as soon as I was like, Hey, I've got it. It's like Now you will be all the way walk in your body will change and you can't exercise anymore everything's going to be. You're going to have to eat mashed potatoes look for three meals a day. Everything Kinda the second. You feel you've got it stopped Kinda comes back at you. So it is such an interesting conversation. Why don't think should ever truly go away because we are unpacking and and kind of. Like retroactively saturating market that has been so prevalent in all of our lives and in the history of women and men and everybody for years and years and years. Yeah and even on top of the food that we're constantly faced with you know the three meals a day that were just generally used to having when you I think the other piece of it that that is so unspoken because it's just like a a given are the images of images that essentially suggest been equals better and there are many ways that were sent that message through images but I Since this has been a major piece of work for me I've noticed I've just become a lot more in tune with like how different images of food or bodies are are affecting me and my you know I noticed that when I see you know like One of those images that is sort of like projecting the idea of thin being goal. I immediately, like I go back to, Oh, I have to look like that and it's and it's crazy because like I never even like occurred to me that that was driving so much of my by decision making goals. Yeah, and how can it not I mean it so deeply embedded. So for a lot of us we we think we're just existing in surface level life and thoughts, and then all of a sudden it'll be one thing and it brings you back like so far like to to to this point how To this point. Extinct about the first time. Somebody ever made a comment about your body that hurt your feelings in a way that like stayed with you I can remember and I thought about this a lot I was in grade and I just come home from a family vacation and on this occasion I buy New Velvet Corduroy Light Purple Pants, and I had a velvet. crushed. Crushed velvet crop top daisy shirt a similar color was this matching sack. They were flares I loved. It was so exciting for me and I showed up to school this day and this one came up to me and he goes oh Sarah good to see her back from vacation looks like you enjoyed enough burgers on it though a like kind of like pointed out my stomach. This is the thing that was like over twenty years ago it was twenty three years now and I still remember what I was wearing where I was standing what was happening. So we have these instances were almost embeds our in our brain like a trauma. So even when we see these images when we talk about triggering a lot in the mental health leg languages, WTI can trigger a diet culture so much. To you and your brought back to those comments, rob back to that time to that one person to that one instance to that one change room were canceled and get up the same way that they used to. It just brings you back into that seem you know fears and fat phobia over and over and over again? So it's it's a constant learning of what we have been subtly been our entire
When Zina Speaks, You Listen
"Hi everyone welcome back to the body. Serve I'm James. I'm Jonathan. We, have something very exciting today. This is kind of a surprise episode for you all and it is something that we have never done. We have had players on the show before little cute, little ten fifteen minute segments, but we've never had a former player. Sit Down with us today. The Legend Zina garrison sat down with us for an extended chat about her career about being an African American woman and tennis about today's. Today's game and just took us through some of the highlights and some of the insight. She's gained in her illustrious career, on-court and off court. We've been hoping to get this interview for a while, but the timing really couldn't have been any better in doing it. No, because today when you're it well, it's yesterday for us today. When this episode is released will be the thirtieth anniversary to the day of ladies e making. Making the Wimbledon final in one thousand nine hundred beating Monica Selous snapping a S- Thirty six match win streak in the quarter-finals beating number one Steffi Graf in the semi-finals Steffi who had reached the previous thirteen Grand Slam finals, and then playing Martinez to love in the final. We talk about healthy Gibson. XENA had a personal relationship with her. One of the stories that you've probably heard a lot of recently. Is that out? Out the Gibson was in the locker room at Wimbledon right before that that final in one thousand, nine hundred, talking about champagne, maybe adding little pressure, but it's a amazing to see these two generations of pioneering players end up in the same police at that one moment. Zena is unfiltered. She tells you what she's thinking. She says on the show that I don't always talk often, but when I do you know it's important. Aside from her Wimbledon final which you've heard a lot about recently Zina. Garrison is an Olympic gold medalist in doubles with Pam. Shriver and one thousand, nine hundred eighty eight Seoul Games. She is the bronze medalist in singles at those same games. She made the quarterfinals or better at a major fifteen times. She won three grand. Slam mixed doubles titles to at Wimbledon One Australia fourteen time WTI tight list. She is one half of the first ever all. All black WTI final in one, thousand, nine, hundred, six ECKERD, open and the court. She was the USA team captain at the two thousand eight Olympics, she was fed cup. Coach for a number of years and the founder of the Zina Garrison. Academy, which has talked literally tens of thousands of children in Houston to play tennis. The work that Xena has done over the decades with her academy is so phenomenal, and as you can imagine, these are very. Times for all kinds of businesses let alone not for profits, and if you are able to please consider donating to Zina's academy. Zina garrison dot org and make a donation. To to help the kids in Houston continued to get such fabulous instruction free of charge, yet is important to mention perhaps as a preamble to this episode a prologue you can listen to our previous episode on Zina Garrison, which was entitled Wiggle at Legs Zeno, we do ask Xena how we got started in this interview. That's a little bit of supplemental listening. But for now here's our chat with Zina and we hope you enjoy it. Thank you so much. For chatting with us now, no, no problems China stat of this Houston Corona. We don't have it's been really bad here so I was just GonNa ask. How's everything going there? Now we're have had major spikes, so it's GonNa be interesting. So, you mostly staying inside Kinda minding your business. Yeah, not really bad allergies, too so they had the African dust here last week, so when trying to be a net again. Thanks for doing this just a little bit of a preamble as to how we were kinda hoping to do it. We're just GONNA. Run through a few things of your career and get your reaction to it possibly. A Tang into some of the stuff that we may have talked about on the previous that we did as well are you guys seem like you know me so well I. Do. Now Want WanNa. Hear it from you. You've been getting so much press this last month because of the thirtieth anniversary of your Wimbledon final. Did this catch you off guard? Yeah, did really kick me off guard for for two reasons first of all that it was. It's been thirty years like I. You know. It just blew my mind that it's been that long and then the other thing is that so many people had been talking about. Remember. When it was all happening and you know one of my friends. Even call and she's like you're. tweeting on twitter and I'm like what? And so funny because my phone have been going up but I didn't. Never really happens. I didn't really know what was going on. Sounds pretty cool, so this is the first time then that you're just minding your own business, and you're just brought back into tennis because of your career because of social media. Yeah, it's not what ends one guy from England that Chris Ghosn. He always puts stats on there, and so you know sometimes he'll you know bring? He makes me I tell him all the time. He keeps me relevant, but he comes up with these stats out of nowhere in plug. This one just kind of took off so I think because they don't have one with him right now. It's you know it's. It's an people's line because this is the time so.
Former Player and Agent Donald Dell
"Everyone John Wartime here is this week's sports illustrated? Tennis podcast is also the first week of Wimbledon. He says wistfully our guest this week. Is Donald Dell? Donald is a former player a promoter broadcaster at agent. He's worn many hats, not unlike Bartholomew Cubans. He is also worn many at once. Donald is still force in tennis. He wrote an op Ed recently in the Washington Post, about the prospect of combining the men's and women's tours, so we talk about that. We talked about where tennis is right now, and as a bonus, Donald signed Michael Jordan out of North Carolina and especially after last dance. We talk about Michael Jordan so some non tennis bonus coverage on Michael Jordan and a lot of good tennis. Talk here's Donald Dell. Appreciate you doing. How are you doing? I'm doing fine We've been lucky I've been home since about March fifteenth, but my two daughters, their husbands, and our two grandchildren, five and seven are about thirty yards from where we are, and it's like one hundred twenty day thanksgiving. It doesn't sound bad. Yeah, let's I I. Don't know but I got a couple of things to bring up. I. Did want to talk about the the op-ed you wrote. Wrote thought you'd be a good person to talk about with the the tour merger, which has been eclipsed lately by a Co bit in the US Open, but this was sort of a hot topic, and everyone says the same thing which is great idea. The devils in the details, so let's let's advance that. How do we exercise those those devils details? How do we push through? So this becomes more than. In abstract idea that we need to negotiate what what are we doing to make this happen? Well I I think I think more than that. The Devil Devil's in the the leadership in other words I think it's GonNa take strong leaders it both part, both groups to get done, and I think Steve. Simon, and Mickey Lawler. Are Really, veterans, and and well respected, and well like Gatanzi the new chairman of the ATP I'm told his very smart very capable. And I. Think if the if they wanted to really do it, they get together. And then it takes a lot of support. You Know Billie, Jean and Roger, and some of the leaders in the game. All got behind it, then you. It's sort of like all the protests out there today you gotTa. You gotta move the ships and it's a big alphabet soup that everybody sort of fights for their turf. The ATP tour. Has Really established itself, but it's not part of the grand. Slams not far the idea. And not that that they want to be I don't Miss Other Sami, but I just think. Recently in the last six or eight years, the ATP tour has not worked very effectively in some senses because they've been voting in blocks the three tournament directors vote together. The three player reps vote together, and then the chairman's left. There was hanging vote and literally one vote because he always makes one side unhappy in the last two chairman. If you review John have been fired. Because one group didn't like how voted, and they need a super majority of forty two to extend. His contract so his contract ran out. In the last two cases now I'm told by people that very close to respect the Gal Gal Danzi is quite a different. Person needs a very strong leader, very smart and media and he really gets it. I just think for the sport It would be really helpful to have the two groups. Merged on a on a simple basis, and the when you talk about the details, you're right but I think the simplicity is what matters keep it simple stupid when you want to merge the to start with you don't have to have exactly the same boards, the same voting members, but come in and merge it, and have you know five or six basic principles and truthfully. We, found out in Washington with the city open that Iran for fifty years literally for the WTI ESPN Tennis Foundation. That We. We had a men's only event for forty two years, and then city came along our title sponsor, and rightfully said look fifty one percent of our clients. Bankers are women, so we're not gonNA. Unless you'll bring a women's tournament into it and we did, but it was a problem because there's a bigger women's event at Sanford for seven hundred thousand, we were only allowed by the rules for two fifty, but guess what. The ATP the minority of the ATP ten percent fought it tooth and nail. They didn't want it integrated tournament. And I to go before the board three different times, and swear up and down that we give him favorability on the scheduling of the Center Court. Scheduling, transportation scheduling practice courts. And it just didn't. It's working okay. And the women, the best women like to play Washington but now under the new WTA rules. We can only sign one of the top twenty in the world in order to protect the other event. That's raising more prize money by seven hundred or more, so those kind of problems out to be worked out and the ATP tour really needs to get a stronger with this membership the the the vocal minority, which is really only about ten or twelve percent, and it's always the complainers on the tour. The to aboard knows who they are, and they're always ranked between one hundred, fifty and three hundred,
Oil tops $40 on OPEC cuts and demand recovery
"Energy street shares in the state's track the price of crude oil higher WTI in New York was up four percent we settled thirty six eighty one there continues to be a fair amount of optimism that we're going to see an extension of those record production cuts on the part of OPEC plus right now W. T. I. thirty seven fifteen so we're up about that one percent in the electronic
OPEC Chief Optimistic That the Worst of Oil Crisis is Over
"Up OPEC and its allies are rapidly cutting production and seeing signs that demand for crude is starting to recover OPEC secretary general Mohammad Barkindo told Bloomberg that he's hopeful the west of the old crisis is over but is he right we asked Coliseum standard chartered economist for me not tacky I'm Pakistan eleven of excess supply best oil markets hi speed in an eighth grade was indeed unprecedented we actually estimate that the average around twenty one point three million barrels per day and looking ahead we think that the oil supply drops will likely close by July so we're seeing positive signs that the Marlins would likely grow old and die reply from OPEC's stock would continue to fall especially with the addition and **** announced by Saudi the UAE the UAE and Kuwait are you certainly has accelerated this process but even when the snow on balance restored in July there are still several headwinds that are likely to be fractured week markets would still be faced by the head when the high inventor used hi OPEC's spare capacity and also the need to re incorporate non OPEC output output which has so far been temporary be sufficient so there is a risk that if prices value too far and too fast especially if we see WTI breaks thirteen dollars and a sustained minor this could cause the return of some U. S. wedding after a very short period of second and yet when we look at that car good morning to you when we look at the U. S. side of the scenario JP Morgan thought one and a half million barrels will come off the U. S. side by G. that's not actually taking effect the shop in effect is that and you've got conical continental in several taking seven hundred and fifty thousand files also is not the biggest tail risk is that shale reasserts itself more virulently perhaps in the market positions it's certainly part of the equation and it's certainly a risk especially if we need prices rise quite fast and you already have some reports that current prices are causing the return of some U. S. flags after only a very short period of second generation network considering but also the fact that we are dealing with an overhang and and the battery is under OPEC's spare capacity all of these three factors together might keep prices depressed for the rest of the
Sabatinis stylish dominance; Nadal and Federers 2006 classic
"Amy Thank you so much for your support and to everybody that bacteria kickstarter at the end of last year which enabled us to carry on all year long and produced the tennis podcast four. You hope you're enjoying it. We certainly are catherine say. Hello Catherine David. Hello Matt. You're right. Hello yes fine. Thank you good. We have had the most wonderful weekend watching old tennis matches from Rome which we are going to really have with you today from nine hundred ninety two. The story of Gabriella Sabatini is extraordinary. Run in Rome for titles in five years and also talk about how more generally she's one of those players that tends to get forgotten. I'm afraid to say including bias. I can't think of many times that we've mentioned the name Gabriella Sabatini over the last eight years of the tennis podcast. And we're going to put that right today. She also turned fifty as well over the weekend. So feels like a good time to do that. And we're going to go back to the two thousand six men's final between Roger Federer and Rafael. The Dow a dare say many more of you will remember that one and maybe some of you watched it with us over the weekend so lots to talk about before we do that. Let's just mention the news of the week. Which is that more? Tennis TOURNAMENTS HAVE BEEN CANCELLED UP until July thirty first on the ATP circuit and the events. The wheelchair events have been announced on the men's side tournaments like a start Baastad Kitzbuehl in Newport or cancel because of the corona virus. And we await to find out what will happen with the American swing in August. But I mean it doesn't sound great so we'll have to wait and see several WTI events until mid-july cancelled as well but no great surprise. I'm afraid Catherine I should say as well following on from songs that could be used for the corona era a particular mention for EJ Stanton on instagram. Who suggests don't stand so close to me from the police. Yep Yep acceptable. Yep that's yeah. I've heard that mentioned a lot of the lowest we were going for more. I don't want to diminish EJ's contribution that we were going. Ooh For more specifically songs that reference the absence of crowd right so rather than sort of general corona virus social distancing song bags which which I feel are. Is anyone else a bit over sort of Korean social distancing song just over the whole thing generally? It's a very very difficult time for cynical people with a dry sense of humor because there's a loss of well intentioned sort of sickly happiness in sort of we're all in this together in we'll come through this and have you considered crafting. You should be crofting. Oh we're GONNA come out of. This is best move well rounded people and you know people that then you bunny the. I'm so over all of that. This folks is Katharine Whitaker. Who has just shown irs her two thousand piece Jigsaw which makes two in a row that she's not together now and she's also about her fiftieth podcast to the air with two weeks worth of dailies to come during Roland Garros Peppy Catherine. Yeah but I'm not. I'm not smugly telling people if you considered podcasting it's it'll make you a better human being during these challenging times. Stephanie my better I have. You always Dunk Jigsaw. No I mean I have on occasion in over the years done the odds Dixon L- but nights definitely I. I'm not doing this to to self improve. I'm enough to pass the time. I'm just impressed. Because not cool or anything they might even be able to hear me through the wolves but my parents started kick those and they're really not very good at them. How can you be? How can you be bad at jiggles? Unless you've got bad eyesight you've done you've done about five of them in the space have been out of the night soaking souls. We're talking two thousand pieces. My parents struggling with five five hundred faces. Maybe they need help just handed over to my kids. If I was doing a jigsaw. There's no why upbeat during it because I just lose know these inch. It's IT'S GONNA sound like one of these awful peppy. People is the IT. It's it's very mindful. It gets me off my phone hawks. Group it it's very it's you can still sort of be watching the telly obviously not physique. And have something on the tally in the background. And be paying attention to it but it gets you off your phone sort of it. Concentrates the mind. Oh God I hate myself move on. Can Multitask is what you're saying? Awesome specifically cannot multitask. So I would say it's a nonstarter. Meanwhile folks we have been putting photos on social media channels of ourselves in one thousand nine hundred ninety two where possible because Matt didn't exist nine hundred ninety two and two thousand and six respectively Matt has created quashed a picture of a tennis magazine on which he as a child prodigy is on the front cover wielding his racket. Like Richard Gasquet aged nine. Except there's no strings in the racquet That's the away so walk away. A few people were taken in by it. It's my absolute probably favorite thing. That's ever happened to me. That people actually think I was on the cover of Tennis magazine. Age Ten it was just at Wimbledon in the. Lta Tent way you could go up and have your have your photo taken in front of a green screen. And they were then imprinted onto ace tennis magazine. And yes they put up there alongside the words the not a the future Wimbledon champion going to all future Wimbledon. Men's having experienced his game. I can tell you what could have happened to a young Merrin Chile church in appearance. Yeah not sure what to say about that. Well he he opened so I'd go with that. Yeah no great. I'm in favor of all. Comparisons to professionals plays a singular. Us Open title is not all Wimbledon. Titles there is it still in underachievement relative. I don't think we're actually doing any matches from two thousand seven for tennis relived. Who knows how long ten is live? We'll be going on. We may have to come to two thousand and seven at some point but I actually went back the following year and appeared on the front cover again. Let's just put it up as a sort of extra what the people working uniform and that one.
Why Negative Prices Exist and What They Can Teach Us
"Last week? The price of the May twenty twenty West Texas intermediate crude oil futures contract known as WTI fell to as low as negative thirty seven dollars per contract that means the holder who was long oil was willing to pay to exit the contract. Cnbc markets reporter. Pippa Stevens wrote on Monday for the first time on record west Texas intermediate the US oil benchmark plunged below zero and into negative territory before Monday. Many thought this was impossible. Maybe just maybe it could drop to zero effectively erasing. All value but negative territory seemed unimaginable. Not least because it's hard even to wrap one's mind around it pay someone to take your oil in this episode. We're going to see why oil prices went negative. We'll also look at other examples of negative prices and why they exist and what we can learn from them. The WTI futures contract has a physical settlement which whoever holds the contract when it expires receives a barrel of oil the contract settles in Cushing Oklahoma. That's where that of oil is delivered if he owned the contract. That's where you're going to get your oil or at least arrange for somebody to store it for you. Us crude inventories are near an all time record high. In cushing Oklahoma. Seventy percent of the storage capacity was four as a mid April and a Reuters. Article suggested that most of the available space already leased out. There's nowhere to put that oil. That is being received as part of the future contract settlement. Now the May oil futures contract has since expired and now the June oil futures contract is the front month contract that will expire in the third week of May. Yesterday the June contract fell twenty five percent just under thirteen dollars. They United States oil. Etf USO fell fifteen percent. It has lost eighty three percent year to date leveraged exchange traded funds tied to oil have shut down. They lost all the money products by wisdom tree. Ubs and velocity shares which is owned by Janice. Jim Cramer said there are times in life where people know that there's an instrument that is faulty and they can shoot against that instrument and bury these people there is this financial problem people who are buying the USO that United States oil energy T.F. Bay our financial people. So if you're a real person or you're a large contractor a large player they can wipe out the USO in. I think that's been what's going on. It's not a conspiracy. It's a reality when you have an organization that can't take delivery. Well you should crushed that organization every time and that's what probably happened. Who are these people that are getting crushed that own USO? Well some of them are retail investors. But most are institutional investors John Highland. He's now retired but he was the former investment officer of the United States Commodity Fund which manages USO. He pointed out that eighty percent of USOC shares are held by non retail investors hedge funds include energy trading desk and other professional players the purpose of this ETF was to allow investors to get exposure to the front month contract of oil at the end of twenty nine thousand nine. It had one point. Two billion dollars under management and the vast majority of its investment at the end of December was in the February wti crude oil futures contract that expired in January every month this ETF would sell that contract right before it expired. And then by the next contract in order to make money it needed to sell that contract for a higher price than what it paid for it right now when you look at the price of West Texas intermediate crude futures contract or is a steep premium as you go further out
June crude futures extend losses, dropping nearly 25% to $10.30 a barrel
"Yeah I mean what happened in the oil market yesterday so let's get to the markets WTI down seventeen percent were just below eleven dollars a barrel all that we plunge twenty five percent yesterday was about the biggest oil ETF U. S. I'm selling down its June WTI contracts without exacerbated the volatility is sold all his holdings in the June WTI contract what you saw was a widening in the spread between the June and July a double chocolate tracks as some people trading around that and you do start to question how much more volatility we might see until the contract expires on may of the nineteenth Brent down five and a half percent to eighteen eighty nine dollars a barrel and of course the backup tool this is still concerns about Dimond and of course concerns about storage U. S. produces has started making crude deliveries to the country's emergency stockpile as that storage space is running out of in terms of how that played out in other markets interesting you actually saw the S. and P. five hundred at its highest since March tenth yesterday so didn't seem to reverberate too much across equity markets U. S. futures right now all over the weekend on two tenths of a percent own S. and P. E. minis were flat on Dow and nasdaq futures in European equities we were seeing futures slightly positive and now that we're actually into the open six minutes and what just up a tenth of a percent so a little bit of positivity that but nothing much to shout about the ten year treasury yield steady on a sixty five handle quiet in European bond markets as well ten year bond yield ten year gilt yields go no weapon in terms of FX you're releasing some narrow ranges in most of G. ten other pre but dollar index is up two tenths of a percent and it's largely under performance in the key we that you're seeing and that's to do with a rate cut bets around the all B. and said because of a note out from westpac already covered oil so that sit in the market today
Closing prices for crude oil, gold and other commodities
"A volatile session for stocks with traders focusing on drug trials oil prices and new jobless numbers as we head for the closing bell the Dow is up a hundred points or half a percent the S. and P. and the nasdaq both have games of a fraction of a percent higher oil prices were helping stocks WTI crude futures up twenty one percent with a barrel of oil just under seventeen dollars the markets seem to be unaffected by the latest numbers on unemployment claims another four million people filed last
Federer: WTA/ATP Should Merge - our reaction; John Millman nearly retired, then beat Federer - our interview
"Hello everybody another tennis. Podcast for you won't we weren't planning to bring you a couple of days ago but you know we just can't get enough of this and the so much going on and yes okay. There's no tennis but the stuff to talk about and we've got an interview with Joe Millman for you so we'll have that later but Catherine is here. Catherine David Selamat had David and the reason. We're convening altogether now. Not just having the Joe Millman interview which had been the original plan until about four hours ago is about twelve twenty eight pm today. Russia Federa- tweeted and what he tweeted was just wondering am I. The only one thinking that now is the time for men and women's tennis to be united and come together as one at which point Catherine and I wanted whether this was a teaser to a bit of content that might be coming out between the two tours because they've been producing causes loss of that and then I thought it can't be that cooked because I mean we've had instagram and lives law but moments later he said I'm picturing a merger between the WTO and the ATP I'm not talking about merging competition underscores but merging the two governing bodies the. Wta that oversee the men's and women's professional tours it's too confusing for the fans when there are different ranking systems different logos different websites. Different tournament categories. It probably should have happened a long time ago. But maybe now is really the time these tough times in every sport and we can come out of this to weaken bodies or one stronger body. Now when you hear that when you read that out loud that is pretty strong stuff catherine and and have to. I mean okay. We've been moving towards that in terms of little bits of Combined content under brand of tennis united. And we've had a heard an interview that has been put our way by the of their new seat in the new chairman and drag at NC Talkin about more and more collaboration. But for Roger Federer to come out apparently unsolicited and just say it's time to merge the tolls that was bombshell stuff ready wasn't it behold this novel an exciting idea. Yeah it was pretty bombshell stuff. I mean obviously. It's a good idea. Obviously Reid you. The way you read out these tweets. That sounds entirely sensible great. Let's do it. I'm trying not to be Aussie and SNIFFY ABOUT CERTAIN ELEMENTS OF THE STORY. And the way it's developing and being told that is happening on twitter. I'm trying to be a bit. Socially distanced from tennis twitter. I say that with heavy equities because it makes me shudder a little bit But it can be a bit of a toxic place and I'm trying to not be embroiled in it but this whole story has dropped exclusively on tennis twitter sort of had to be reeled back in the sort of arms race to claim claimed territory and claim claim that. This was their ideal. This is the first time anyone had this idea. The facts that you know of one suddenly sitting up and taking native destroy quality when a man shouts about it. All of those things I there is a part of me that wants to be about the the. Oc posted me often wins. But I'M GONNA try and be utilitarian about it and think. Look if if this is how the right thing ends up happening then then fine you know and I'm I'm going to echo do some shadowing echoing into something that you're going to say in relation to a different issue Later in the POD. He's talking about the distribution of wealth and prize money among top level players which is now suddenly a a a burning topic or among plays in general and he says look. I can't believe it's taken a pandemic for for this to be taken seriously and for the real powers that be to consider addressing it. Will I feel exactly that way about the the unification of The governing bodies but hey it took countless examples. They were able to for the. Nhs happened say if the ends justify the means then great. I'm going to suppress for once my RC side. I slightly wants to be able to read that. Billie. Jean King's response on twitter to Roger Federer in the in the sort of tone of voice that you began that that line yourself because what she actually says is I agree and have been saying. So since the early nineteen seventies she. I reckon she didn't say it like that. I kind of wish you had. And then she goes on say one voice women and men together has long been my vision for tennis the WTI on its own was always planned. Be I'm glad we're on the same page. Let's make it happen Hashtag. One voice is what Billie Jean King replied with Samana. Halla Patrick Evita Gubbay. Meru all tweeted support for what Roger Federer had to say and then I found the Dow tweeted. Hey Roger Federa- as you know per hour discussions. I completely agree that it would be great to get out of this world crisis with the Union of men's and women's tennis in only one organization which yeah suddenly makes all of this same quite premeditated between the two of them will maybe more than two of them. We haven't had anything I should say on this subject from Novak. Chuck rich the president of the council at this point. But it doesn't feel like this is just some using that Roger. Federer has just done while he's bored in lockdown as such A. It sounds as though it's been given quite a bit of thought he's had this chat so we've been reminded of this press conference. The rough on the Dow was involved in in two thousand nine hundred Australian Open when he responded to questions about whether he thought that should be a combined organization between the deputy. Atp with just telling us a misunderstanding. So he doesn't didn't understand really why that would be a good idea why we should talk about that. Why why that should be on the agenda And so this is a very very different tone now. Obviously we weren't in the middle of a global pandemic at that point. The world looked very different. It may it may well be that people who had previously never given a second thought to a combined organization of Sydney. Actually th. That's the way out of this. That's a good idea and got to be ready for that. But it's it's pretty stark. Isn't it the difference in town? Yeah I mean elements of needles. Tweet genuinely made me laugh out loud. First of all any suggestion that Is Great is his. English is Spanish as a first language adult composed. Hey at Roger Federer as per discussions. I mean absolutely no way. Is That tweet composed by Rafael Nadal? Himself as per I've ever seen his tweets to Anna Ravenna. Vish venevision join twitter. He said I look forward to our discussions on this means of communication when it was back in the early days of twitter. It was really sort of formal. And it's like a tweet anyway. It kind of reminded me of that one. Yeah so I mean yeah I mean that's not anything. Groundbreaking is that. He didn't necessarily compose himself. And if I was tweeting in a second language I would probably ask for some assistance as well. We've got to eat so I'm not having a pulp about that. But it the the sort of the attempt to say this. This was my idea too. I this came from a discussion that we both had. I was in on this too. That made me laugh because yeah I mean he. He kind of gets a slightly on it from me included because I think I kind of write him off of somebody. That's just not not hugely engaged with the with the wider. She's in Tennessee. And he kind of mice to the time brushes off interrogation about them as sort of. Oh you'll have to ask other people that are that are better informed and have have moose stake in it than than me. I'm not the best person to speak to you. That that clip. That's going around on twitter from the loss. Jesus straighten open is a good example of that. But the fact is he. He hasn't been supportive of equality in In Women's Tennessee's very much market forces based approach T. V. Prize money in the tools etc. So yeah this is. It's a bombshell.
"wti" Discussed on Bloomberg Radio New York
"It is about oil and again today we have seen brand full to the twenty one year low currently down almost sixteen percent at sixteen dollars a barrel we are seeing WTI June contract also declining it was gaining in earlier trade but now down more than seven percent at ten dollars and seven cents a barrel it is off to a bit closer the cool yesterday but didn't manage to create any new policy measures to really all seeing oil volatility now hitting fresh record highs this in turn is dragging on energy stocks and so Asian equities really extending losses for Thursday the Nikkei down one point three percent at the moment KOSPI sleeping four tenths of a percent Chinese equities fairly flat equity futures in Europe and the US however pointing slightly higher but not very much in the green that in currencies it is only about the Aussie dollar today it's been rallying on record retail sales data that came out this morning currently up four tenths of a percent on the other hand the milky trading near its lowest level this month turned down two tenths of a percent the Bloomberg dollar spot index and again to both be together at one A. seven spots six otherwise sterling and the euro both range bound with the pound trading at one twenty two treasuries are gaining across the kind of the ten year yield currently down two basis points at fifty five basis points in mind the fine Gael did fall to a record low overnight will I'm also keeping a close eye on benchmark JGBs Carney down three basis points negative one basis point that's a pretty big business faster he's been guaranteed more what's going on around the world Sandra thank you.
Traders play 'hot potato' with U.S. oil contract as it crashes to $11 a barrel
"The futures contract may futures contract on West Texas intermediate crude oil sinking more than thirty eight percent now to about eleven dollars per barrel the may contract on WTI the American oil benchmark set to expire tomorrow the June contract was up more than eleven percent to about twenty two dollars per barrel oil has been tanking on slumping demand as corona virus mitigation measures have kept most drivers off the road at the same time crude storage facilities have been filling up
"wti" Discussed on Bloomberg Radio New York
"To a twenty one year in the WTI currently trading below fifteen dollars a barrel stockpiles of growing amid slumping Dimond at the same time this is significant spread to grant ahead of W. ties may contract expiring tomorrow to that end we are seeing Brent currently trading around twenty seven dollars barrels to read quite a difference that now the Norwegian krone is leading losses among G. ten currencies particularly because of this drop in oil prices so that okay coming down nine tenths of percent it's also weighing a bit on the Aussie dollar down three tenths of percent this morning the dollar gaining meanwhile and that risk off mood as well as the news the Democrats and the White House a close to a deal for more funding to help small businesses as well as hospitals the debate on the spots index gaining four tenths of a percent on the other hand the Dennis but we get down three tenths of seven one or seven spot nine standing also from falling a bit to one twenty four this morning of course the U. K. government facing mounting criticism over its handling of the coronavirus crisis now the treasury cut cut has steepened debate the book the fed is slowing its pace of bond buying the ten year U. S. seals are currently down a basis point at sixty three basis points at the moment finally in stock markets Australian and Japanese equities leading declines the Nikkei slipping one point two percent Chinese equities slightly higher this is like three hundred up just two tenths of percent the KOSPI down half a percent in Seoul U. S. futures looks pointed to a slightly lower open your PC just slightly higher that's gonna make this fasting can guarantee more what's going on around the world Sandra thank you the corona virus pandemic is showing signs of easing in Europe a city Spain and France are reporting the smallest increases in fatalities in weeks but the path to return to a normal life just isn't clear France says it will unveil its plans within two weeks the conduct on could see the French economy contracted by about ten percent in twenty twenty coronavirus cases in the U. S. this increase of five point six percent from Saturday that's according to data collected by Johns Hopkins University and knees that's higher than the average daily increase of four point eight percent over the past week New York has the largest number of confirmed cases but viewed over a week total deaths rose to over forty one thousand which is more than double the total a week ago and use the land will partly relax nation wide lockdown restrictions from next week as the Klein in new coronavirus cases indicates that strategy over elimination is indeed working according to prime minister Jacinda Ardern stepping back from some of the harshest locked on benches will allow parts of the economy to restart industries such as construction.
"wti" Discussed on Bloomberg Radio New York
"WTI crude oil which recovered all of yesterday's at twenty four percent drop Mideast producers we are being told that we are so it is showing some signs of strain obviously the shale producers here in the U. S. are going to be stressed as well and then today president trump said he would get involved in the oil price standoff between Russia and Saudi Arabia at the appropriate time so officially in the New York session we closed at twenty five twenty two PM at W. T. hi all right in terms of the bond market ten year treasury last quoted at a yield of one point one seven percent the Dow today up one percent S. and P. five hundred higher by half of one percent that's markets back to Bloomberg business week all right Doug thank you so much you're listening to Bloomberg business week how master along with Jason Kelly so we want to begin our next guest talk a bit about investing in this environment Kevin Miller is chief executive officer evaluator funds he joins us on the phone from Minneapolis Kevin nice to check in with you how are you guys doing and I'm curious what you're hearing from some of your investment base yeah there is no there's a tremendous amount of uncertainty we are getting having people reach out to us wanting to know if now is the time to you know throw in the towel in a move that equities did into fix obviously last thing you want to do at this point in time and then we've been having some really good consultative staple telephone conversations and meetings and I think once people have the opportunity to talk to someone and they they just want some reassurance is what they're looking for I mean we're sitting in a spot right now where if you have fifteen or more years until you're going to spend your money saving for retirement the S. and P. is never posted a negative return at the end of eighty fifteen year period since nineteen twenty nine so probabilities are pretty good that fifteen years from now the market's going to be higher than it is today and so some of those things just need to be reverberated back to people but a lot can happen between today in those fifteen years yeah yeah but in the end you think about the fifteen year period you said before with World War two's in those fifteen year period and then it world wars excuse me in those fifteen year period didn't at all there it is both the point is I think we are investing you need to ask yourself do you think the market can be higher at the time you're expected to start spending that money than it is today and in today's environment I think we quite substantially oversold and we see light at the tunnel it may not be for twelve to fifteen months until we finally get a vaccine for the virus but we see we see is a quick turnaround it's just now we're not going to recapture all the way to the top he immediately but you know we make we capture fifty to sixty percent of our our downstroke in a relatively short period of time especially if we can get some treatments for those who are ill and carry us over until ultimately we get a vaccine for the virus on the marketplace and so Kevin is the case for ETFs the same as it's always been just in terms of the cost basis in the brat then and you know to some extent a little bit of set it and forget it in terms of you know your ability to access to a broad swath or does it change in a market like this either owing to valuations are owing to market structure yeah with the T. S. and we think he tells her decent place for the typical investor to go right now just because we don't really know we don't know we don't know first off we we don't know how wounded some of these companies are going to go in and pick an individual stock that other underlying financials of that company with our leverage they are and and and what they've got going on could be pretty difficult to discern at this point in time where an ETF could capture the participation of that company in the event it is a weaker company view the others could carry the Kerr the performance I'm just we talk with the next three months we gotta get through this we're gonna be getting some really tough news with regard to unemployment and I think that's what the market was pricing in but I I think we get this behind us we flat neck curve we'll start looking good again it's it's going to take a little while but it's I like I said we see a light at the end of the tunnel right but I but I I respect what you're saying because I do feel like images and I we've had some conversations with folks are like then you know we'll get through this it's time to buy big time but it's gonna take awhile and I do think you're right that is all contingent on the number of cases going down and that's getting a virus because the expectations are that this is not just a one time that it will come back again and that until we have an effective either vaccination or some other kind of treatment to deal with it you know this is going to be something that weighs on society and society excuse me and also certainly course on financial markets yeah and that's and that's uncertainty right now and just drives the market crazy in and really that's what we're in the midst of it it's kind of like you wake up in the morning in the if you it's like oh man we we got to have the clout having cleared yet yeah yeah we keep but but we're getting there and and I'm I'm grateful that I live in this country where we have the medical professionals and facilities that we do that if there's a country to be and to attack something like this it's America and so I I I do believe that the market could go lower than it is but I don't think I think we've got the worst of us behind us as far as the downstroke and if you know someone is wanting to get in at this point in time what I tell them is when you try to get in they all take move money out of the fixed into the equities in a volatile market like this identify how much water put in put a third of it in now and then is it a a retracement of ten percent or number that if your carpool with then be prepared to put another third in and they put the last third in and I try to be fully and six months from now I really what I I think you probably miss some of the recovery but if I getting in now at least a portion of your assets will participate that defender when it takes place all right good stuff thank you so much Kevin Miller CEO of evil you intervention is on the phone from Minneapolis coming up we are awaiting some comments from New York City mayor bill.
"wti" Discussed on Bloomberg Radio New York
"WTI right now we grew by twenty percent we're trading twenty one sixty five right now a lot of concern in the markets about how soon we're going to see this fiscal proposal proposed by the administration we are told it's worth some one point three trillion dollars including five hundred billion in total for checks to individuals that would begin landing in bank accounts in less than three weeks also part of this plan fifty billion in loans to the distressed airline space Dow industrial average right now minus eight point four percent in the broader market the S. and P. is down seven point two percent nasdaq comp weaker by nearly six percent right now total volume in U. S. equities thirteen point three billion shares interestingly bond prices are down dramatically and yields are rising with the ten year treasury at one point two three percent liquidity likely a key issue that would be the relative immediacy of being able to transact into cash the euro is being fought right now without a drop of one point two percent against the dollar at a Buck eight sixty seven the end weaker as well by about three tenths of one percent trading at one OO eight PM to St and if we look at where gold is trading right now we are down more than two percent interestingly at fourteen ninety five that is if the spot price in the New York session Detroit's three automakers shutting down Europe now confirming more coronavirus cases than China and we're looking at eighteen T. closing forty percent of its retail locations and the U. S. conference of mayors requesting two hundred fifty billion dollars for cities recapping the Dow down eight point nine percent S. and P. five hundred weaker by seven point six percent nasdaq comp down by six point three percent I'm Doug Krishna that Asia Bloomberg business slash this is Bloomberg business week with Carol Massar and Jason Kelly on Bloomberg radio right you're listening to a split remote edition of Bloomberg business week chasing Kelly here in Sleepy Hollow New York master over in New Jersey I can see her shining sunny face across our video conference system back in the R. Bloomberg interactive brokers studios Kathleen Hays global economics and policy editor and elsewhere in New Jersey is Molly Smith she looks after the credit markets for a Bloomberg corporate finance scene nice to have you both with this Kathleen I wanna start with you explain to us what's going on in the bond trade we talked a lot about the equity side of the business what's happening is on where we have a massive selloff that started yesterday and you know when it was such rebounded in in in in the closing yesterday's trading could say oh well since talks are up so bonds are down what is seems more than anything else is that people are selling what ever they can to raise cash with your son if you're someone who's a in it with widespread investments okay if you lose money in one place you've got to sell something to cover that and it seems to me that's one reason why bonds are selling off right on a day when stocks are selling off you caught the thirty year bond down nearly four points three and twenty six thirty seconds and this was after again when treasuries notched their biggest deal job since nineteen eighty two the yield on the thirty years that one point eight four you've got the tenure at one point two two five it's down about what I want to twelve thirty seconds so it is not just treasuries if the municipal bond market they're getting hit too but I think another thing right add to this is what we were talking about yesterday the US has made it very clear that there were there's gonna be spending this coming fiscal steps taken the fed has added more and more special facilities provide liquidity the steps are there and do you want to hold bonds at these low yield levels but maybe there's going to be so down the road some impact on the economy we don't know our people worried about inflation you think they might be worried about deflation with oil prices continue to fall right I think if anything it sell sell sell and effect Patrick Harker from the Philly fed has been saying today now the fed's debating whether to expand the scope of intervention people are talking about all right kinds of things that hang on speaking of something like having that folks are talking a lot about is the global credit market Molly Molly Smith is corporate finance reporter follows this market so closely I hear a Bloomberg news she's on the phone in New Jersey where are we on this Molly how's it looking I'm actually coming to you from the Upper East Side today Carol you are okay yeah the mobile market what can I tell you by totally credit has been I'd really just on a wild right from the beginning like you know those other asset classes implies that tend to be more like a safe haven treasuries like you need credit and hurriedly is a lot more tied to the stock market your company that we're talking about so that one has really been the first to go in all of it and you know we're not it's kind of crazy how many investment grade bonds right now are trading at distressed levels namely in the airline space especially energy Q. that we see that these are funds that you can't even call it on a separate basis anymore because it is genuinely looking like a distressed company and Kathleen I mean we are seeing on the corporate side just a whole New World for corporate corporate bonds to you know you mentioned communities and treasuries me this is a market that's just upside down a lot of ways well in fact there's more and more talk that the fed reserve I've we've been Bernanke and Janet Yellen former fed chair came out today and say maybe the fed should think about buying corporate bonds he was very interesting when we saw the fed announced the commercial funding facility which was yet what what is it now it's Wednesday right Wednesday Monday and then we got the news that the special facility for primary dealers late yesterday now Patrick Parker's matching another facility I remember the Michael Feroli JP Morgan put out a note when they're economists saying you know the steps they're taking are probably opening the door to more concrete steps the fed hasn't taken yet so when you see two former venture both of such high standing suggesting that this is a bad step that could be taken it makes you think that we may be seeing even that but again this is a time when steps have to be taken fast because the more you allow things to implode the right or you're going to see big companies under distress where they're gonna have to not just ride this baby virus out to the peaks are they going to have to lay off workers are they going to have to cut back and that's the impact on the economy I think it would be more lasting and more worrisome right Molly's you watch you know the global credit market and the seizing up that we're seeing what's the time table that you're hearing from folks that either there needs to be packages from the government or some kind of assistance within the financial community to help out the credit markets specifically certainly the airlines and Boeing in particular has been the most adamant about reaching out for government assistance and we all know that I trump has said that he will back them and certainly that DOT physical stimulus would be I mean I'm I'm sure it couldn't hurt of course but like we're looking at you know downgrade happening every day in the space and companies like trying down credit lines which again that's what they're there for and it's kind of a situation these are emergency funds and it is an emergency but if you're looking at god knows how many quarters of this potentially ahead did that people are not making travel plans and looking to get back on a plane it doesn't matter if the fed's gonna be buying back you're fine right you have real you know potential default risk underlying issues and we need to remember that there's a trickle down right you've got these big players who have a lot of suppliers that are much smaller players in like we you know it's not just one entity one large entity there's a lot of companies involved if all of this starts to come on down Kathleen Hayes just quickly twenty second here what are you watching in terms of the bond market I'm just waiting to see what the fed does next I mean I think we have to be ready for anything if again we have Janet Yellen that Bernanke talking about special things that Patrick Harker president Philly fed is saying interview with our own map both lower you know maybe we need to expand the scope of intervention we see stocks falling as well as your headline for Bruce Kasmin also G. P. Morgan saying the day the earth stood still in my message feed on the Bloomberg you know that people are concerned and we know this will pass we know that iris will peak but for now it's the economic follow is the financial file that has to be minded so I that's what I went watching most closely right Kathleen Hays thank you so much Molly Smith thank you as well both there in New York City well this forcibly Burke business week it's right to you by the Indiana economic development Corp the Hoosier state's legacy of innovation provides the perfect backdrop for big thinkers and big ideas visit estate that works dot com to take your business to the next level who Carol Massar it's hard to take it all and I gotta tell you well like I said I mean it you know we've all seen market you know rallies we've all seen market sell offs but the repeatedly another pity ho yeah the repeatedly the volatility and just how quickly everything is moving has it really takes your breath away all right let's get.
"wti" Discussed on Bloomberg Radio New York
"A little trouble because was the oil price WTI also on the way up to thirty three point two three does the barrels we find that thirty six point seven seven dollars a barrel is a Brent crude I'm also keeping on of course on the U. S. treasuries said the ten year visa stock at zero point six percent that that section up thirteen basis points the thirty at one point one two thirteen basis points as well I'm keeping an eye on the dollar which is actually not much changed quite a bit but does sport index the end seems to be weakening one a four point seven is where we find that and the pound one point three zero four five dollars to the pound on cable that supreme but business fashion now his endurance of more what's going on around the world via lotus thank you it's a lease scaling into nationwide locked on to try to stop the spread of coronavirus that's because the virus continues to spread in the nation and the death toll nears five hundred point minister Decepticon day has called it the nation's quite darkest hour schools and universities will be closed and all public events will be canceled and Italians would be allowed to travel without a business or health reason Harvey Weinstein's lawyers say the film do you says you get the minimum five years prison sentence Weinstein is sentenced tomorrow for sexual assault and rape convictions is Lewis says his life has been destroyed already prosecutors also for what they called a stiff prison sentence but they didn't say how long in patients with high blood pressure to be more at risk of dying from corona virus that's according to a top Chinese intensive care doctor he's been treating critically ill patients since mid.
"wti" Discussed on Bloomberg Radio New York
"Nine ninety four for a barrel of WTI after earnings look shares dropping five and a half percent bed bath and beyond plunging down by twenty two percent recapping SMP up five up two tenths of one percent I'm Charlie Pellett and that is a Bloomberg business flash Charlie thank you so much you're listening to Bloomberg businessweek right here Bloomberg radio all right well this is a subject near and dear to this show we're talking about education we're also talking about businesses were talk about employment so many different things and we're talking about technology in a lot of ways in the little sort of private equity investing thrown into that term here with me the CEO of the in stride he's in our Bloomberg interactive brokers studio great to see him thank you for hosting all right so you have such a fascinating background you're you've worked at the likes of Mick can see Yahoo Disney now you've teamed up with some very notable investors and institutions to create this company what he tried to do well we're trying to solve for the work force education problem you'll be amazed is on that corporate America today spends twenty seven billion dollar on to consistent than other what Pacific Asian yet you'd be surprised that a very few CEOs and see a Charles were happy with the problems related to recruiting tension and upscaling so that's why we found it in stride in stride is a public benefit corporation and our mission is to help employers provide life changing Claudia boasting degrees and credentials but only through leading global universities and colleges I never approach strategic advice indication does it uniquely in three different ways okay tell me so number one we believe that the starting point has to be the business problem right business KPIs that employees are trying to solve and use education investment to simultaneously advocating ploys while also achieving those business objectives so how do you do it so let's do it let's stick with that for one second so do you do that by essentially making sure that it's simply the problem is part of the curriculum had how do you do that well the stock with a problem that the CEO is trying to saw okay let me give you two or three industry examples healthcare we have three hundred thousand shortage of registered nurses yeah but we also find that typically most healthcare system sept twenty to thirty percent attrition so what if you could solve that problem by investing in your registered nurses and you don't do not lose the hundred thousand dollar off a tree she cost every time a nurse walks out right retail right a ten thousand person retail shop especially the one who have hourly workers invests on an average twenty two million dollars a year on recruiting and retention hi what he feels to education what is the C. E. O. postal invests in you know a mission our commitment to educate the employees while also taking care of those attrition challenges so those are some of the ways in which we work we collaborate we work with the see you in his leadership to a concept car design workshop and we figured out what business schools are trying to solve and resolve it through strategic innovation and so how important is it and I would imagine it's very important you get by and at the CEO level because oftentimes this it feels like doesn't get handled at a senior enough level right it's important yeah and I do know that it's on the mindset of seals the reason it has not done so well so far it is because mostly tuition assistance has focused on the wrong goal no enrollment which is what the general KPI off at tech is is important but not sufficient in fact enrollment is my number four KPI the third thing I care about on top of an old man is vendor the students graduate right interesting thing I can about this as a part of that education does the business achieved their actual objectives because that's what makes the program sticky right but the most important thing is that is does the employee the loner see a meaningful improvement in their career trajectory right let me give an example the inspiration behind inside was a very successful education program at Starbucks called Starbucks quality treatment plan in partnership with Arizona State University and yes they have more than twelve thousand enrollments today but if you also the leaders at Starbucks they would also emphasize they have two thousand five hundred graduates those graduates have achieved one hundred and eighty percent faster promotion for the organization and twenty percent off everybody who joins Tarbox say is the joining it because of the education program now I did talk to you about the first aspect off yeah strategic enterprise application but the other two aspects of equally compelling number two we work only with premium quality global universities right typically these are public nonprofit but most importantly they have a reputation for driving student outcomes so apart those include Arizona State University which is as you know the number one innovation philosophy writers city most of New York that's why I'm here today yeah the the leading online program provided in state of New York we also work with Harvard Business School online with the leading universities in Mexico Ireland and Australia right and the last one just like you and I want to simplify over social media activity to platforms like linkedin and put their low knows in these organizations also warned that employers to provide technology neighbor platform that simplifies it into an experience so simply put the three things we are unique in its with stock for the business schools we only work with quality leading universities and three we provide the technology right every platform all right great to visit with you thank you so much for that current CEO of in stride he mentioned some of his partners also point out that the rise fund which is a investing fund social impact fund created and managed by TPG you've heard about them on this program before also an investor here perfect thank you so much for stopping by thank you Doug Christian is here with a look at what's ahead on daybreak Asia so now we have a virus with the name we do and at the same time it looks like the number of new cases this kind of peak were down about twenty percent prior to the previous day although the death toll in China now is above eleven hundred yeah we're gonna be talking about the virus we can also be talking about the action undertaken today by the FTC did you see this where they're looking at information from the big cap tech made us about their MNA activity and whether or not the this behavior was it essentially anti competitive some of the big names like Microsoft and shares were all the day yeah yeah yeah like the big that we're talking about the Big Five five companies who are sort of under the microscope and you will know that that softbank has a stake in sprint all right so we're gonna be taking a look at the US sprint T. mobile deal T. mobile a less needed when might we say for my system definitely definitely particularly after the we work the box and a lot of the head winds that the vision fund has been facing in the investments that they've made in some tech deals that really haven't done so well at all right so we're gonna be talking about that fed chair J. Powell was on Capitol Hill today day one of a two day appearance before well today was financial services tomorrow Senate banking committee but clearly the corona viruses on the fence radar at the right one right what do they expect worst case scenario we're gonna be talking about that as well all right dead Chris here that's all coming up ahead on daybreak Asia in.
"wti" Discussed on Bloomberg Radio New York
"This January well you can let us know check it out at TV go this is Bloomberg well in the gate thank you so much for joining us on the list I always look for any philanthropy we do to well it is about seven twenty five in the morning in Riyadh Saudi Arabia you're looking at live pictures of the kingdom tower there of oil of course jumping this morning off the back of that news around and talking to you S. correctly bases in Iraq in response to the killing of one of its top generals of the Brent price surging more than five percent at one point this morning past seventy one dollars a barrel it's paring some of those gains now currently trading around sixty nine dollars a barrel meanwhile WTI the US benchmark trading at sixty three dollars and fifty cents the question of course is whether or not Iran retaliation eventually goes to encompass physical supply disruption in the strait of Hormuz so far we haven't seen any evidence of that a Goldman Sachs analyst earlier this week warned that they wouldn't expect that to actually happen a quick check of the latest headlines for that we turn Annabel jewelers good morning out about morning Tracy well Sam songs quarterly earnings beat estimates off the memory chip prices began to climb out of a run operating income fell of food in the final three months of the year that was better than expected demand fifty rand ships using smart phones and service is projected to rise with exports being boosted by the easing of trade tensions between the US and China United Airlines is taking a ninety million dollars non cash charge in the last quarter to account for a steep drop in demand for flights to Hong Kong United says the cost of the route has been fully in head to to the slumping state sales visitor arrivals to Hong Kong in November so fifty six percent from a year earlier including a forty three percent decline in the U. S. Tesla shares extended their record run as a lawn moss was so happy about the prospects for his new factory in Shanghai that he broke into a dance retain a tentative ceremony that ahead of a China made model three consulado consonants and expanded on these plans are also produced the model why crossover at the plant does the surgeons late October when reported a surprise profit and said the model while will launch the summer months ahead of schedule and ninety signed a multi year deal to be the official kit provided the Liverpool football club winning a hot for battle with current supply new balance Liverpool the reigning European and World Cup champions and looks set to win the English premier league this season terms haven't been disclosed spot in an earlier poll case on the do not get off at almost forty million dollars per season and that's with big business slash Tracy thanks so much on about well still ahead Carlos Ghosn is promising to name the people he says engineered a clue to destroy him we're live to be a route ahead of his news conference there later this is Bloomberg the end of the.
"wti" Discussed on KTRH
"Seen a lot of activity in mid stream let's break that down what is occurring in midstream there's obviously a lot of activity what do you think the trends that are happening now in mainstream are so there's always been a need for that infrastructure the take away capacity from some of these major bit basins and you had some bottlenecks that have been occurring because that takes away capacity was not in place and so you're seeing more of that being built out you're gonna see some of that come online later this year so that should help from a market perspective and and getting product from from basins to to the refining regions continues to be interest in that sector by infrastructure as well as private equity funds infrastructure funds really like that consistent sort a cash flow stream that goes along with that but you're also seeing some partnering of some upstream players with the producers with some financial players as well to help develop that midstream infrastructure and I yeah I would agree so one of the things that's going on and Melinda alluded to you don't we see this in the Permian a lot it happens and some of the other basins but for me in this the the really active place these days is there so much new production coming on line they don't have in all the right places the right capacity of pipe to get it out get it to market get it processed and so that creates an opportunity the differentials between WTI Midland versus coaching is this creates an opportunity I think for midstream players and investors to continue to build out and support this production growth that's going on in the Permian and it's not only just you know the off taking getting oil and gas out it's it's also in some cases getting you know water in and water out because obviously the the fracking technologies we have require quite a bit of water and other infrastructure just to support so there's a lot of activity in space around that particularly in the Permian that we've we've seen both corporates as Melinda mentioned it broke private equity in an infrastructure funds there's a number of players in that market there's also some interesting.
"wti" Discussed on Bloomberg Radio New York
"For so long. I got a bit of a ten. We've got him back. We've got him back. Let's talk about the on. I know you missed the market and you Dave glad you're doing it still. Strong is still stable for the moment. We've got a small rise on WTI Willett last two bids into office on the office side, you've got Trump warning on China rachi, potentially rushing high on the town's. You've got a global demand slowdown story on the bedside. Well, you have got Baker Hughes, the number of people pumping on in America. Drops by eleven that's twenty nine hundred seven slashed by Ninety-six, J, P Morgan reduces their crude prices. However, they see supportive s environment but they are cutting their forecasts WTI, fifty eight forty at the moment. Yeah, I'm looking at what's happening in China and the markets live team is arguing that what you could see going forward is a power up of some of the Chinese equity place off the back of language. Between the United States and China. That is infused with references to a strong friendship the ultimatum in itself shouldn't necessarily drive investors away from the Chinese mainland story. Consumer Staples up strong infant tickets. We'll take a look at that we're up two point three percent on the CSI three hundred a very interesting way to set the tone of these markets. Let's broaden the conversation. She Gedid sallies in Singapore, nominate Salou, decision joins us from Mumbai, Juliet. Good morning. What's the latest? And so we are saying Asian still tie for third session, as Yousef alluded to certainly a lot of that heavy lifting being done at by China's market. You've got material and financial Stokes really leading the way across the region. With pointing out stralia also having a very good session after resuming trade following yesterday's public holiday. I'm also looking at steel futures in Shanghai. We're seeing base metals rise to extend their rebound from a five month low following a report that China will boost financing infrastructure projects and the Korean won coming back rising from a one week Loy bolstered by these stronger Yuan. We're seeing and inflows into South Korean bones and Stokes. And that's despite that disappointing export does we still ask of Korea USA from the first to the tenth of June. Why you saw chip exports down. Thirty point eight percent in that period year on year and exports to the US of by over seven and a half percent. Yousef. Let's bring into the conversation as well, because any markets just came online. What are you hearing from traders? The Indian markets, which started on a positive note. But the temperature in the last few sessions housing there to some profit booking, which kick CENA, tile level. So this morning as well, the, the indices, the benchmark indices, come after opening levels, and as we speak nifty, treating in the rectory. In fact, it's down almost seven points in trade sensex, also just about sitting much muchly with some mind. But of games right now and Bank nifty is the one which has been witnessing some profit-taking entire levels, and that was the case in yesterday's treat as well. The broader markets of the one of which have been underperforming, the benchmark indices, the market dressed this morning has been in favor of the declines and the nifty five hundred index is also seen somebody got so off the opening levels right now majority of the indices are seeing some mild, but of cuts. Let's see if the remainder of the day, we can see some that are buying coming in at lower levels back for the injured droopy this morning after weakening for last two trading sessions. We've seen some bit of strength, coming by for the Indian rupee. Vis-a-vis the dollar. Okay ladies. Thank you very much Sally. And Nate Solutia desouza for the run-up that from markets. I it had lines around the world. Alabel Judas.
"wti" Discussed on Bloomberg Radio New York
"To see what will happen in both the supply side, and demand side and trying to balance. The market comes Joan. Everyone's really focused on the supply side right now. Do you were their proposals thrown around about increasing production, these proposals for those who fear that the next few weeks will would make the market more tight and the supply side will be impacted to the extent that we will see undesirable rise? You know it plays flipped happens. Yes. I think they will be foresees. Oh, many of us want to put more oil in the market. But. The inventory, and the other signs. The signals tells us that these enough. Market that he's enough. Crude in the market and do nothing is vista option is of now. So that was a months oil minister Muhammad. We me speaking exclusively to bring bags and Marie whole done. So we really talked with a lot of the OPEC, and partner ministers in Jeddah over the weekend oil, of course, is valid about forty percents this year because of these supply, concert outweighing, the concerns around global demand. And also the concerns around a Ron, we also have still. Steep, very steep backwardation in terms of the oil markets. That's expected to continue. WTI create is at sixty three sixty three free to seventy three spot nineteenth up by one.
"wti" Discussed on 860AM The Answer
"Answer. You can watch us. If you want to go to Mike online dot com, they're carrying the video stream of the show going to see what an eighties mustache still looks like proud of it. And you can also follow us on our Facebook page. Sam Malone show. There's some interesting things posted up there about six or seven good stories. And and also pictures of the president who stopped in Houston on Wednesday about forty eight hours ago. The city was getting ready for a visit from police Air Force One landing at Ellington airfield, which you're watching by the way, if you're watching the video side of the show, you'll see there's that Bo what a beautiful aircraft Air Force One. That's actually. San Antonio footage that we don't have the footage from Houston because I was busy. I had the opportunity. I was asked by White House. Advance to drive a vehicle. There drive a vehicle in the presidential motorcade on Wednesday. When you think my answer was what I was there. Bina stuff training and all kinds of security stuff. So I'm going to skip over that. But I was there right there on the tarmac when Air Force One landed in a line of vehicles. And my hands were sweating, and I got a chance to just follow those armored, limousines, and the other amazing people involved and the motorcade went up to Crosby Texas, kind of northeast a little bit of Ellington airfield and the president had to speak to folks, and Earl and Gaz industry. There's a training facility up there. And he said, look, we're going to get these these projects moving America needs the black gold and the Texas t WTI west Texas intermediate, you know, that the all coming out of the ground now. And if she wants to comes out has to be refined y'all so you can drive around its refined in our neck of the woods, and that's kind of a keystone accent was all about it was about pipeline bringing about seven hundred thousand barrels per day for. Finding now I know like knuckleheads out there like occasional Gortex at a New York when an end all air travel. I think in ten years and have people going around on roller skates. And I don't know how the senators would get back to why unless they do the canoe thing at the opening of Hawaii five o. But this country runs on energy, and it's incredibly successful and leads the globe with what we produce energy wise, and whether it's black gold as we call Texas tea, whether it's nuclear whether it's call I mean, this technology it's advancements. It's medical communications, and it's making all of our lives better. So the president comes to Houston, and he arrived in the motorcade. I was driving went up to Crosby. And I'll have to tell you something that obviously I've got two hands on the wheel of the vehicle that I'm driving. So no time for selfies. No time for driving with my hand over the wheel isn't Tim McGraw, two hands on the wheel no radio, no movement. You just like our focus on the vehicles in front of you. And the police motorcycles are flying around you in secret service may or may not be doing maneuvers can't get into that. But you get to their location and the president came out and spoke he spoke about freeing up the ability to free up the red tape. I love it. When people go old bed, all bad. I mike. Well, how did you get to your little protest site there Haas? I don't see escape board bad. I'm like, okay oils, bad live without it. Please practice. What you preach. You know, it's like the person who goes vegan. They tell you in Breda death, and you walk away about how they stopped eating eggs and stuff, whatever. Okay. Good for you. I'm loving eggs loving steak. And it's the same thing with energy this country rocks with it. The all the price of Barra. We watch more of the barrel prices down here in Houston, Texas, more than y'all than I did in Philadelphia growing up and it over sixty dollars. It's booming. The ability to create the ability to extract the ability to provide energy from America to Americans is a wonderful feeling. If y'all go back nineteen Seventy-three ish, and you had the Arab oil embargo and cars were lined up. Some don't remember it was even an odd license plate numbers just to Cape gas just to get fuel. And remember the panic and people say well someday, we'll be energy independent someday. We're going to have energy, and we'll be able to get it out of American ground. A lot of people stood in that way. Not Donald J Trump. Heck, no, heck, no. And people who stood in the way of keystone accelerate other energy projects like Barack Hussein Obama. They had no problem to around the globe and Air Force One. We're looking at the bureau right now if you watch the show, Mike online dot com. No proposition you practice. What you preach. You don't wanna do keystone? You think it's bad for the environment. You want to do energy projects?.
"wti" Discussed on WAFS Biz 1190
"Bloombergradio radio. Be officials ready. I want to mention commodities before we get onto the stocks to watch segment we all seeing all prices said heading for weekly gains, but they're softening somewhat today alongside other risk assets. WTI at fifty six dollars and three cents. That's down by one point one percent. We get onto stocks just want to say dollar taking a pool is a little softer after seven days of gains and weaker against the yen. But let's get onto the stocks to watch. Bloomberg's European stocks reporter Cassani show with us in the London studio. Cassini a great to have you with us. So berry agreeing to buy our for seven hundred ninety three Pence per share in cash talk us through the story. Hi there. Yes. That's a big story today. RPC's actually reacting negatively down one point two percent. It is an interesting deal because berries offer basically beat savvy offered that the major private equity firm Apollo had made right and shareholders might potentially like it better. But for some reason are down this morning, but densely because of the conflict that this is creating that shareholders will have to. Choose between two firms in the takeover externally sixties comparable sales declines in the first part of twenty nineteen. Well, that's an interesting one too because the stock is actually rising really well this morning. It's up three point one percent. So despite the company warning about comparable sales declines at the same time, it did meets adjusted pre-tax profit expectations for last year. So perhaps that's encouraging optimism and finally Kazan. Yeah. You're looking at Deutsche Bank and Commerzbank. Resuming merger talks. According to reports. Of course, this is speculation around this for a long time. What have we heard today? Correct. So that's an old story. It's been going on for at least a year. Now, we're hearing that say yes said the two banks are intensifying their merger talks the pressure from the German government to make this merger happened potentially. Right. This is a very complicated story. Both banks are suffering from declining stock prices and lacklustre trading conditions. So this will not be easy merger. Thank you so much because then you can do with us in our London studio with the stocks to watch. All right when it comes to our top stories this morning. We're going to start with a fresh states that we've received out of China. Overnight exports fell in February and imports also weakens at due to the Chinese New Year shut down on the trade war. Bloomberg's Bryan cuts is reports. Now from Hong Kong exports fell a staggering twenty point seven percent while imports dropped five point two percent. Economists had forecast both would shrink but far less February was an uncertain period for Chinese exporters. In addition to the holiday shutdown trade negotiation simmered ahead of a March first deadline for additional tariffs. If we take January and February together China's trade surplus with the United States widened to forty three point one billion dollars up three point nine percent from a year ago. Now, China's trade picture with the US and Europe is unclear with tariffs the main barrier with the former and a much weaker economy. In the latter Kong. I'm Bryan Curtis. Bloomberg daybreak Europe. Meanwhile, at a press conference of the National People's Congress today in Beijing Chinese Foreign Minister, he called the case against way, political and urged the US to retract it. Zero-sum approach with China. All right. Meanwhile, let's speaking to Bloomberg the US ambassador to China, Terry. Branstad blasted China strategy and responding to concerns about way technologies. This lawsuit is a brand new deal. But so I don't know the details on that. But it just seems kind of our. Bronze said that the law seat sounds like retaliation Civetta China's jailing of two Canadians shortly after waste chief financial officer was arrested in Vancouver back in December. The disputes has further dented ties between the US and China, even as the two countries get closer to ending a months-long trade war. Speaking of trade. The European Union is urging the Trump administration to stop imposing tariffs on the block. If he wants a partner in his fight against China. The president has repeatedly threatened to hit you've equals with tariffs of as much as twenty five percent trade Commissioner Cecilia Malmstrom says if the US does impose tariffs that you would have to retaliate if that were to happen. And I really hope that I will not be the case we will have to impose rebalancing measures. And then our relationship on other areas would be very difficult. That was E trade Commissioner Cecilia Malmstrom speaking exclusively to Bloomberg. Now, the outcome of next week's Brexit vote is in the European Union's Hance about his water Prime Minister Theresa may is set to say today as she tries to make progress toward a deal. Bloomberg understands the EU has made a new offer in its bid to break the impasse. But it falls short of what Britain wants may still hopes to get legally binding changes ahead of next week's vote. She will be speaking in Grimsby today. Apparently looking ahead in the US today. The government issues the monthly employment report economists surveyed by Bloomberg are projecting job growth. Moderated in February after topping three hundred thousand a month earlier the median forecast a gain of one hundred and eighty thousand and an unemployment rate back below four percent. Bloomberg's Vinny Del Giudice reports in January the US employment data surprise showing a gain of three hundred four thousand jobs, the most and eleven months, but the unemployment rate edged tires more people. Started looking for work lumbergh economics. Cs monthly payroll growth running near two hundred thousand through the first half of the year. Wages are also poised with salaries businesses struggled to fill slots job openings across the US are running at a record seven point three million beneath del Giudice, Bloomberg daybreak Europe. Also later today. Oil executives will be watching closely when Norway finally decides whether to let its one trillion dollar, several sovereign wealth fund, dump all of its oil and gas stocks. Bloomberg's Michael Holtz reports. Now from also the point of the proposal is to reduce the Nordic countries exposure to commodity prices since it's already western Europe's biggest petroleum producer climate activists have hailed it as a potential big step for the divestment movement. But it remains to be seen if Norway's conservative led government will go for it. And also Michael Holter, Bloomberg daybreak Europe. Those your top stories for the latest in global news. Here's Bloomberg's leeann guarantee..
"wti" Discussed on WAFS Biz 1190
"Had a decent week already. WTI create has lower back below fifty seven dollars offer and a half of one percent of today's events coming up. We have German regional CPI is with the national number released at one o'clock, London Wilson lookout for Italian inflation data this morning from the US. We get jobless claims at fourth quarter GDP and Chicago fedspeak continues with Clarita Bostick, hawker and Kaplan all Judah softening. That's it for me to hear life. Breaking news type S Q U A on your Bloomberg terminal narrow thank you so much, Michael. Now, that's your Bloomberg business flash. Now, here's Leon garren with more on what's going on around the world. The am good morning, Nara and Pakistani facing they was military standoff in decades. This follows the loss of an Indian fighter jet with a pilot later being paraded on Pakistani. Tv you daddy, Anna's Lama bond. Both say they don't want the situation to escalate. But neither side wants to look weak. Former Trump lawyer Michael Cohen has opened the president to a number of potential legal risks Cohen furloughed is series of damaging accusations diplomatic day of testimony before a house committee. Meanwhile, Republicans were Democrats for lowering and admitting Elias attest to find an Ethiopian Prime Minister will be hosting a fundraising dinner to help secure one billion dollars for infrastructure projects in the capital at his ABA. According to officials tickets will cost more than one hundred and seventy five thousand dollars per person, the dinner hopes to be foreign investments in one of Africa's fastest growing economies. Global news twenty four hours a day on air and tick tock on Twitter powered by more than twenty seven hundred journalists and analysts symbol, the one hundred twenty countries. I'm young guarantee. This is Bloomberg Marcus much, leeann now, President Trump's summit with Kim Young has ended without a signed agreement in Hanoi after it was abruptly cut. Short today. Trump rejected North Korea's requests to lift sanctions and says he has not committed to another summit with Kim. Our relationship is very strong. But at this time we had some options and at this time, we decided not to do any of the options. And we'll see where that goes. But it was it was a very interesting today's, and I think actually it was a very productive today's, but sometimes you have to walk, and this was just one of those times for more or let's say go live now to Hanoi. Bloomberg's Stephen Engle is standing by Stephen narrow, and I were just talking here in the studio saying that even though this summit broke down earlier ended early the the language from Donald Trump that we just heard they're fairly sort of up beat from sun in respect it is upbeat. But keep in mind when he says sometimes you have to walk. This is a threat that Donald Trump has made before and it's a trademark negotiating tactic of his. He said he had the papers ready to sign of a statement. But he said, you know, what I'd rather do it. Right. Then do it fast. So he was. Is willing to walk away. He was quite complimentary of Kim Jong owned. In fact, we dislike each other. He said we have a good relationship. He said, I believe he's quite a guy quite a character. But it really came down to Kim wanting more sanctions relief than Donald Trump was willing to give he says US wasn't prepared to give what can want it. Yeah. And Steven great to speak to you again, great work on TV earlier as well. And for all the coverage, given the this basically turned on the sanctions as Trump said it was about the sanctions, basically they wanted the sanctions lifted in their entirety. And we couldn't do that. Is that not an intractable issue? That's going to be very difficult to resolve from here. If we take the other side of the coin, I'm the potential downside risks. Yeah. That's right. What is Kim going to do in response to being walked away from the table? Even though Mike Pompeo says he was a friendly walkaway still he walked away. So there's a failure in some people's eyes. Now. Trump says he wants to remove these sanctions in his words badly, but he says North Korea needs to give more and on these sanctions it directly tied to the pledges that the North Koreans are willing to make now Trump says Kim offered to dismantle their main nuclear facility, that's Yongbyon. But it wasn't enough. And it seems the US demanded not only Yongbyong nuclear complex be dismantled. But also other uranium enrichment facilities that the US says it knows North Korea has an and Trump said North Koreans were surprised when the US brought up details of all the other North Korean arsenal and weapons facilities that they know they have. So is it a bluff who knows maybe the US intelligence does know a lot more than the Trump are the Kim administration thought they did Stephen the question is also what the road ahead is gonna look like now between these two countries Donald Trump saying that he had not committed to another summit with Kim Yong own. But. Will there be talks between sort of lower level officials? Well, there should be more talks. There was scant process progress. I should say though in the last eight months they kept on talking. But there wasn't a lot of progress. Made in the months since the Singapore meeting in June of last year. That's the big question right now where do they go from here because they don't have a template from which to build upon in June. They had a vaguely worded statement that talked about working towards complete denuclearization of the Korean peninsula. We don't have any such statement. So we're back to square one to build upon sure there's more camaraderie between the two, but you know, what? When one party walks out on the other, even those a friendly walkaway, it might leave a bad taste in the mouth. Great to have you with us. Bloomberg's Stephen Engle with us live from Hanoi on the latest and the analysis on the abrupt end to the Trump came summit in terms of the market reaction. The yen still bid Dalian down two tenths of a percent. One ten spots seventy five and we've particularly a Korean assets underperforming, but also Asian equities extending declines they're already lower because of data and some hawkish comments around trade from lighthizer US futures also down at four tenths percent.
"wti" Discussed on Bloomberg Radio New York
"This is a Bloomberg business flash. We're saying a risk on day in markets. Although equities are well off the best levels of the day in the broader market S and P five hundred holding onto a gain of about two tenths of one percent. Material shares leading this advance also relative strength among infotech, and financials all of this came to be when President Trump postponed the date for boosting tariffs on Chinese imports that happened overnight. And we had the Shanghai composite jumping more than five and a half percent short while ago. The president tweeted that the trade deal with China is in advanced stages nonetheless, we are well off the best levels of the day. The rural telecom provider windstream, though, shares are down just about forty six percent right now, this is after the company filed for chapter eleven bankruptcy G E trading up, roughly eight percent, the company selling its bio pharma business for twenty one point four billion Newmont Mining receiving a hostile takeover bid from its Canadian rival Barrick Gold Newmont shares. Down fractionally and Barrick is off about two percent right now WTI crude oil in the extended session weaker by three and a quarter percent. President Trump tweeted today that prices are too high, and he urged OPEC to relax and take it easy. WTI fifty five thirty five and the yield on the US ten year treasury now is a two point six seven percent. I'm Doug krizner that is your Bloomberg business flash. Journal. Let me drive. Honey, please. Dr. Drive to the globe. Don on Bloomberg radio. It's time for the drives the clothes on his first trading day of the week equity averages yet, they're still up at they're definitely way off their best levels of the session. Jack.
"wti" Discussed on Bloomberg Radio New York
"The rest of the region. Just some other markers for you. WTI crew trading in Asia at fifty three seventy eight. So we picked up about two tenths of one percent. Gold steady at thirteen nineteen Troy ounce on the ten year two point six nine percent now so moving down another basis points below the two seventy level and the offshore Chinese currency six seventy five nine three. That's a check of markets. Let's get to the news desk with Ed Baxter. All right, Brian. Thank you White House. Sources say President Trump has decided he will not declare a national emergency during tonight's state of the union instead focusing on unity and the need to work on border security. We're just about an hour and ten minutes away. Now from the beginning of our continuing coverage in which we will preview and carry the speech and the reply live here on Bloomberg Japan has announced this canceled a port call in South Korea by its main worship during a multilateral naval exercise more on the teary rating relations between the two you and experts say North Korea's dispersing its missile. So cannot be hidden a decapitation attack and that its nuclear weapons are still intact while it violates sanctions UK, Prime Minister, Theresa may has visited Northern Ireland today to try and gain some leverage and understanding for what she needs to do with the EU now several media outlets reporting UK ministers are studying a plan to keep the Irish border open as well as delaying Brexit until may twenty fourth and the B O E has now reached an agreement with a European securities and Markets Authority that will enable derivatives to be handled at clearing houses. Now, there's aimed at preventing chaos in the event of a no deal. Brexit global news twenty four hours a day on Aaron and talk on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg Ramey. Thank you very much. We're rejoined from Sidney down now by Sulu long. She's managing director senior economist and head of Australian research at the Royal Bank of Canada's. I know you're the Australia's specialist. So let's head there. Especially after what happened over the RV, or rather what didn't happen with that said there is this bias toward tightening. Let's unpack this. There is. Met for the first time in two thousand nineteen is board maiden yesterday. And it's been two months since his last really heard from them, despite, you know, clearly softening global Garson, heightened uncertainties I main- maintain a fairly causative you they did cut that grow school costs a little any flation slightly as well. But nevertheless, they still looking for course to remain above trend and inflation to eventually back into target range. So we think they remain a bit too optimistic. We we don't think they've really fascinating some of the the global softening and the greater Richmond building, particularly around China. And I think more importantly, there is a real it's pretty clear from some of the domestic Dada that the housing market is probably Waco, then when they lost early December. And it's now starting to spill over to the consumer. So we had originally tell sales numbers and building approvals on this this week. Well, so now, you probably still sounds a bit too optimistic. They forecast remain consistent with a very mild tightening bias, we would argue that really there's there's no case lifting rates anytime soon at all. So how much of the slower growth rate that we've seen in China is really tied to the ongoing trade war with the US. Look at this juncture, it's it's fairly modest, you know, the measures that have been put in and and protectionist measures around tariffs in the scheme of things really modest particularly the lift from this change twenty five percent. So at this juncture, we would argue that the slowdown with thing in China was not really related to that. It's really a function of some of the touching missions that were in place in late seventeenth top of eighteen and and that's really driven the moderation activity. I think what warring for everyone about China. This juncture is that the authorities a really delivered numerous missions to support the economy since the middle of two thousand eighteen today. They doesn't appear g much traction an activity continues to underwhelming and continue to eat for the side. I guess really. The concern is key economy for the global growth clear. Waking you know, the old job is going to be stimulants. And today, we're not really seeing any stabilization guards. And and that's pretty Kate for us. Look at the nine appease, pretty sanguine. But you know, we think probably like I said a little bit too sanguine on on that global. And and indeed some of the domestic indicators soothing I'm taking a look at the Ozzy right now, it's at seventy two forty one. But even while we were talking it's been coming off of its highs up about a tenth of a percent as we head towards that next speech by Rb governor, Philip low, what might we expect more of the same. What does he need to say? Look, I think what the markets and looking for. I mean, the market's really coming into what will the big wait this week. We're expecting a very dovish, AVI A, and I think they've going to be disappointed mealy on that front. And so the OB has managed in in that sense too. I think what they're looking for today is whether the really there is any kind of Dundee, it'd be very mild tightening by the risk is there, isn't and that he may well repeat that phrase that instead on a number of occasions now that the next move in rates is likely to be albeit not the time. And that would really I think emphasized that that will maintain base case that still reasonably optimistic. All right. So we'll have to leave it there on managing director senior economists head of research at Royal Bank of Canada, what is happening in Australia. This is Bloomberg. With a Bloomberg small business report, I'm John Tucker. Most medical practices can't afford the industry. Standard twenty thousand dollars screening device used a diagnosed rare diseases. So now there's an app for that. Go BIC lays the twenty employees start up in Nashville behind go. Check kids the first iphone app registered with the food and Drug administration. The screen young children for correctable vision impairment with a simple photo. A pediatrician uses go becua- app on an iphone to photograph. A child's is highlighted by the phones flashlight from a distance of about three and a half feet go. Check software analyzes. How light refraction of the patients is to identify risks for nearsightedness farsightedness or cancer or other diseases. It's meant to reduce the risk of permanent vision loss among the.
"wti" Discussed on WTF with Marc Maron Podcast
"I want to tell you about hunt sales is record hunt. Sales hunt. Sales was on episode four Twenty-three of W. Wti F and hunt sales is somebody that I I tracked down back in the day in the in the in the first few hundred episodes, but that was four twenty three. Wow, man. I mean, there was such. I got people in my mind. I was like I gotta track them down hunt sales is he was the drummer on Iggy Pop's lust for life in. And when I talked to him, you can go back and listen to the interview him and his. Brother with the rhythm section unless for life. And they were also the rhythm section on the Bowie tin machine records, but he he also started very young when he was like in his teens with his brother, you know, playing for Todd Rundgren on I think runt, but they, but but hunt was this sort of mythical figure to me like, you know, hard core. Rock drummer hard living Jewish drug warrior that. I was always mildly obsessed with so I had to track him down. I literally had to go figure out. I heard he was in Austin. I heard he was alive. And I went and found him, you know, he's a guy that has struggled, you know, years with addiction, and but was just this signature God damn fuck in rock drummer, man. I mean, the opening drum riff unless for life who doesn't know that. And how does it sound so specifically him, but he's he's just an animal on those drums, man. So he's he's actually he has his debut album out that was sent to me. It's a it's it's heavy. It's personal. It's a rock record. It's his band. And I remember when I was in Austin looking around. And I, you know, looking for hunt, and I saw, you know listings for the for the hunt sales memorial. And I thought I missed him. I'm I I got here too late. But that's actually the name of his band. It's the hunt sales memorial. It's coming out tomorrow January twenty fifth it's called get your shit together. So support one of the old drug warriors who still add it, and he seems like he's sober. I haven't talked to him lately..
"wti" Discussed on Bloomberg Radio New York
"We're on the grind decamped to Abu Dhabi. But there's one market that's a little bit unsure, but certainly flexing flexibility in the dollar us have a look at it the Bloomberg dollar index as well teething. Highs say that the rain is coming to an end for the dollar the minutes reinforced that big picture, but I love what David Bloom says it is the best of a bad bunch in twenty nine thousand nine the greenback is seen as a high yield play. But we're taking a little bit of a battery. The king is dead long. Live the king that is the in the markets. Use of good morning. Good morning. Yes. The other is across it focuses. Crude oil WTI. I mean, what a move twenty three percent recovery says the eighteen months low that we saw on Christmas Eve currently a little bit off the lark though about a percent at fifty one spot eighty four dollars a barrel. A couple of things to bear in mind. We had the Saudi energy minister come out with some strong language. He talks about being vigilant. He talks about agility and about doing what's necessary to get this fixed them to do it. Right. And he has every reason to the US crude data in terms of stockpiles overnight, both products and total crude stockpiles is the highest two-week week gain in more than a decade. All right. That's the wider market pulse. Then off the back of well optimism around these trade that she agents between the US and China currently looking at MCI Asia Pacific index that is struggling for direction. Currently we have Nikai that's down one point one percent. But then you've got stocks in China that are up there up two tenths of one percent. Madness. Yeah. Look, I'm focused in as ever sent to be obsessed by the Indonesia repeat, but I'll give it another go up two percent. So far inside nineteen foreigners are buying equities that buy bonds and we've had intervention also Moody's have a note overnight Asian Pacific credits. And they're saying they are stable the remember will that battering seems to be dumb just for the moment. We'll talk much more about that. As we go through the show. Let's get to the first word headlines with Debra.