35 Burst results for "Westminster Abbey"
Mike Gallagher Podcast
A highlight from The Mike and Mark Davis Daily Chat - 09/06/23
"So, we saluted the life of Jimmy Buffett yesterday, properly so, but boy did we miss a birthday yesterday. Freddie Mercury would have been 77, passed away back in 91, so I had to pick a Queen song, had to pick a Queen record. How about You're My Best Friend for the Mike and Mark segments? Not bad. There you go, buddy. We can sing We Are the Champions because we're the champion of all things mysterious. And topics that need to be explored. We go where few dare go. You shut me down yesterday when I told you about the Delta Airlines flight that was forced to land. But then, of course, you saw it all over Twitter and X and everything, right? Well, I know because everybody's 12 years old. Somebody had a, I don't even want to say it again, somebody had a horrible digestive event on a plane and they had to sandblast the plane for six hours. They had to replace the carpet. I mean, they had to replace the carpet on the plane. That's a true story. Can you imagine being on that plane and the poor pilot, and there's an audio recording of the pilot saying, five, seven, one, Delta heavy. We have a biohazard problem on the plane. The biohazard. Ladies and gentlemen, you may want to look over the left side of the aircraft because that's where we're going to be issuing the parachute so that you can get the hell off this thing before we all die. I'd never fly again. That'd be it. That'd be it. And speaking of flying, didn't you do it yet? Are you in New York yet? Today? No, after the show today, I'm headed to New York where it's going to be 110 degrees. You know, Texas heat is one thing. New York City heat is ghastly because there's no breeze. You're walking up and down. So we're going to see the Eagles in concert tomorrow night. I'm going to see a couple of shows. We've got some meetings. I'm going to go to Philly for a big event. Oh, cool. With Chris Stiegel. Is that our guy? Chris Stiegel and Dennis Prager and Pastor Robert Jeffers from your neck of the woods. That's right. That's so cool. I have a question for you. It's called, for a moment, welcome to Mike's Entertainment Options or Mike's Travel Habits. As we have noted, you are fresh back from the UK. I trust you had a magnificent time. So Mike's on the ground in England for 24 hours, sends me a picture off of his balcony. Was that a CG? Was that a green screen? Because from your balcony, it's like, oh, there's the London Eye, oh, there's Westminster Abbey. Where were you? Well, there's a story behind that. I'm a little reluctant to tell the story. Joey and Peg are my dear friends. Joey's a little more frugal than I am. And he found a hotel. And I'll go ahead and say it. It was a nice Marriott right on the River Thames, right outside that giant monstrosity eye thing. That Ferris wheel. It's a massive Ferris wheel. It's gross. I mean, I think about the River Thames and I think of Mary Poppins floating gently. Big Ben and all these beautiful, and then there's this monstrosity, and Brits don't like it either. Everybody kind of, it's a cool tourist thing and you go up and it's one of those giant Ferris wheels. Anyway, the hotel, this Marriott is right at the Ferris wheel. So not only is the infernal thing beeping every time it moves, and so you hear the beeping in your room, but like you saw, you're right there. I mean, the view is crazy, but not only that, but the deal breaker for me, the AC wasn't so good. Is England like Laguna Beach, California, where we stayed at a beautiful place and it happened to be 82 and they didn't have any AC? I thought I was going to die. Well, you know, again, the UK, they're not really like AC -oriented like we are. They have it, but I said, that's it, I'm out, King Tut needs some AC, I got to have air conditioning. And it wasn't even hot over there, but at night, I don't know, I mean, God forbid if the day ever comes where they yank the rug out from under me and I'm, you know, singing show tunes at a cheeseburger joint on the weekends and I can't afford an air conditioner because I got to have an air conditioner. Anyway, I knew of a place, a much nicer hotel, so we actually checked out. That was a one -day gig, but it was spectacular visuals. And speaking of show tunes, that leads me to my actual really quick question because there is stuff going on in the world. So you sent me, as you always do and I love it so much, it's like, hey, look where I am, hey, look where I am. And on at least a couple of occasions, you were in the front row, shocker, of this magnificent show. I guess it's called Tina or somebody is Tina Turner and wow, was she good. Wow, was she good. It's actually a Broadway show that also went to the West End and there was, I saw a woman named Adrian Warren who played the show, played the part, but yeah, it's a musical about the life of Tina Turner. And on another night you went and saw Les Mis. The best production of Les Mis I've ever seen in the history of going to the theater. I bet it was great. But here's my question and here's where you and I are a smidge different. Okay. You're in London and you go to Broadway for lunch like every day. So there's a whole country outside this theater as you sit in a seat and see something that is admittedly fantastic, but that you could see at some other time a hundred yards from where you're staying. But the West End is London's version of Broadway and they do theater a little bit differently. First of all, I mean, the ticket prices are even more affordable. You know, you sit in the stalls over there. They don't call them seats.
AP News Radio
Uk has Big Lunch and Windsor concert following coronation Saturday
"A weekend long celebration of the coronation of King Charles the third continues with luncheons held throughout the UK and a concert at Windsor Castle. The festivities continue to support the newly crowned monarch, even as many have questioned the relevance of The Crown, and the cost of such a spectacle at a time when living costs are so high. The gilded spectacle of the king being crowned in an ancient religious ceremony at Westminster Abbey the day before takes a more down to earth turn, with picnics and street parties being planned across the UK. Events conclude with a concert featuring Katy Perry, Lionel Richie, and the boy band that take that in the grounds of Windsor Castle. Charles De Ledesma, London
AP News Radio
Prince Harry an odd man out at father's coronation spectacle
"Prince Harry was an odd man out, at his father's coronation spectacle. Harry arrived at his father's coronation alone, and he left alone, the disgruntled Duke of Sussex sat two rows behind his brother, Prince William, heir to the throne, in the pomp filled ceremony at Westminster Abbey, the isolations likely the result of quitting his royal duties, and thus no longer ranking as a senior family member or working royal. It didn't help that he alienated himself from his father and brother by airing grievances and telling palace secrets in his explosive bestselling memoir spare, Buckingham Palace had said Harry wouldn't participate in at the ceremony. Charles De Ledesma, London
AP News Radio
Jill Biden: Charles' coronation was 'just amazing to see'
"First Lady Jill Biden has told The Associated Press, London's coronation was a great experience. Jill Biden says it was just amazing to be able to witness the coronation of Britain's King Charles the third in person. Biden, who represented the U.S. at Saturday's ceremony at Westminster Abbey, said in a telephone interview that it was a surreal moment to see the crowns placed on the head of the king and his wife, queen Camilla. The First Lady said, it was an honor to represent her country at the coronation, and it meant a lot that she could bring finnegan Biden, one of her granddaughters with her, for the milestone event, Charles De Ledesma, London
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"Day of celebration in the streets of London as King Charles the third has officially been crowned, a historic coronation ceremony took place at Westminster Abbey for Charles and queen Camilla before a crowd of thousands of guests from around the world. The Archbishop of Canterbury crowned the new king. Bless we beseech the this crown. And so sanctified thy servant Charles. Upon whose head this day thou does place it for a sign of royal majesty. Shouts of God save the king rang out and trumpet sounded after The Crown was placed on Charles's head. The coronation comes nearly 8 months after the death of Queen Elizabeth II back in September. A large fire at a refinery in Texas has left 5 contractors in the hospital. Jim Forbes has more. The blaze broke out at a Shell chemical refinery in the Houston suburb of deer park, the fire sent huge plumes of black smoke into the sky, and forced an evacuation of the facility, Harris county sheriff Ed Gonzalez said, initially, there were reports of a possible explosion, but the fire appears to have been caused by a heat exchange between two heavy gas oils. Gonzalez says, the 5 workers were taken to a hospital as precaution due to the heat and that no serious injuries have been reported. I'm Jim Forbes. Kentucky Derby favorite forte is out of the running just ahead of the big race, listed a three to one odds as of this morning. Forte was scratched by veterinarians from the Kentucky horse racing commission, reportedly due to concerns about a bruised foot, four other horses were also scratched in recent days, bringing the field down to 18 post time, 6 57 Eastern Time. The head of the Centers for Disease Control and Prevention is stepping down. The White House announced Friday doctor Rochelle Walensky is leaving the agency next month. She's been in that position since the start of the Biden administration and played a key role in its response to the COVID-19 pandemic. Biden says walensky saved lives with her steadfast and unwavering focus on the health of Americans. I'm Brad Siegel. I San Diego state professor who was among the first to assess the damage in turkey following the mass of earthquakes earlier this year, says there are structural lessons for California and other parts of the world. Jack cronin has more. The university says structural engineering professor Robert Dow went to turkey two weeks after February's back to back magnitude 7 earthquakes to survey the damage to bridges in the area, the quakes killed at least 50,000 people and left millions without shelter. Yes, yes, you professors team spent 6 days traveling the most impacted parts of the region find that while tens of thousands of buildings had been damaged the bridges in turkey actually remained intact. Professor Dallas says turkey's bridges were designed with higher standards in their buildings and none had collapsed. He's not looking at similar standards for structures in California and other earthquake prone areas of the world. I'm Jack cronin. New York attorney general letitia James cracking down on the cryptocurrency industry. James has proposed nation leading legislation that would require crypto exchanges to undergo independent public audits. Would also prevent one person from owning the same companies while mandating platforms reimbursed customers who are victims of fraud, almost how banks work. James says it's time to bring Law & Order to a multi-billion dollar industry that is plagued with fraud and dysfunction. It comes after at least 7 cryptocurrency companies collapsed in 2022,
AP News Radio
Charles III crowned in ancient rite at Westminster Abbey
"King Charles the third is crowned in an ancient right at Westminster Abbey. The symbolic peak of the two hour service came halfway through when Archbishop of Canterbury Justin welby placed the solid gold Saint Edward's crown on Charles's head. Trumpets sounded and gun salutes were fired across the UK. God saved the king. In a change to the ancient right, Charles had scrapped the traditional moment at the end of the service when nobles are asked to kneel and pledge their loyalties to the king instead will be invited everyone in the Abbey to swear true allegiance to the monarch. Charles De Ledesma, London.
WTOP
"westminster abbey" Discussed on WTOP
"And queen Camilla in a glittering ancient ceremony inside London's Westminster Abbey May the Nord clothe you with the rope of righteousness and with the garments of Salvation. Charles wearing a golden robe seated on the ancient throne receiving the regalia of royalty or scepter and of course crown. William Prince of Wales. Son and heir Prince William kneeling before his father pledging his loyalty and service, president but not participating, prince Harry in a plain suit, and a third row seat next to his uncle Prince Andrew. The king and queen have written the golden carriage of state back into Buckingham Palace now billions watching around the world are waiting for that famous balcony appearance CBS News special report on Vicky Parker live in London. Vicky, thank you. In case you're wondering, there's been 4000 armed forces personnel participating 250 horses, three 33 Commonwealth countries represented in 19 military bands, what an event, 8 53 April's jobs report released yesterday and it's better than expected. The Labor Department says employers added 253,000 jobs last month, 31,000 added to leisure hospitality. The unemployment rate fell to a 50 year low at 3.4%, the question is, what is the fed think about all that? Well, it will be looking at this as consistent with chairman Powell's words this week that the job market remains robust, but he also believes that the supply and demand of labor is resolving itself in the sense that the number of job openings out there well down from the peak, but still above the pre-pandemic level. We still have about a month's worth of data and everything else to get through before the next fed meeting. So among the things they'll be crunching, the two reports on inflation next week, including the consumer price index due out on Wednesday morning. That's bankrate senior economic analyst in Washington bureau chief Mark Hamrick, Wall Street reacted positively to the news. The dollop
AP News Radio
King sends message to London commuters
"An announcement has sounded at underground stations in London with King Charles the third and queen consort Camilla, wishing people a happy coronation weekend. My wife and I wish you and your families are wonderful coronation weekend. Wherever you are traveling, we hope you have a safe and pleasant journey. And remember, please mind the gap. The kings mention of the gap refers to the space between stations platforms and the opening doors of a just arrived train most London commuters have learned to watch their step here as the gap can be a little too wide. Charles the third is crowned on Saturday at Westminster Abbey in a ritual infused ceremony. Charles De Ledesma, London
AP News Radio
Man arrested outside Buckingham Palace with suspected weapon
"London police say a controlled explosion was carried out as a precaution outside Buckingham Palace late on Tuesday. After a man was arrested there on the suspicion of possessing an offensive weapon. Britain's security minister on Wednesday said he's very proud of the police response after the man was arrested for throwing items suspected to be shotgun cartridges into Buckingham Palace grounds. Speaking to broadcaster Sky News, Tom tooken hat says the government is in no way complacent about security surrounding the king's coronation. We have spent an awful lot of time over the last several months preparing for any number of different threats because the reality is this is a very complex event. The incident took place just days before Charles ceremony, which is scheduled to take place at nearby Westminster Abbey on Saturday, King Charles the third and Camilla the queen consult were not at Buckingham Palace at the time of the arrest. Charles De Ledesma, London
AP News Radio
Royal Drama: King’s fractious family on stage at coronation
"As King Charles the third joins as many as 2800 guests for his coronation on May 6th at Westminster Abbey, his complicated family will once again take center stage. There's a second wife and embarrassing brother and an angry son and daughter in law all with allies who aren't shy about whispering family secrets in the ears of friendly reporters. How King Charles manages his family drama over the coming weeks and years is crucial to the king's efforts to preserve and protect the 1000 year old hereditary monarchy, editor of majesty magazine, Joe little, says Charles ongoing family drama was never going to just disappear. I think it was a nervous that when Charles became king, the loss of the personal stuff would come back to haunt him. Royal historian Robert Lacey says the standards were set too high. The British monarchy is supposed to be representative. And that used to be thought to mean it's got to be ideal. It's got to behave in an absolutely immaculate fashion. Well, that wasn't realistic and proved not to be realistic. In fact, Lacey believes Charles fractious family may be easier for the British public to identify with. But I think most people in Britain find an imperfect and honest family, easier to live with. Karen Chammas, London
AP News Radio
More than 6,000 troops to play role in Charles' coronation
"Thousands of British military personnel will join King Charles's coronation. The UK defense ministry says 6000 troops, including soldiers, sailors, and aviators will participate on May 6th, making it the force's biggest ceremonial deployment for 7 decades. Thousands of them will escort the king and Camilla the queen consort as they travel by gilded horse drawn coach between Buckingham Palace and Westminster Abbey, gun salutes will sound from British Army bases and warships and military aircraft, including World War II Spitfires, will perform a fly past. Defense secretary Ben Wallace calls it a spectacular and fitting tribute to King Charles, who is the armed forces commander in chief, Mimi Montgomery, London.
AP News Radio
Palace: Prince Harry to attend his father's May 6 coronation
"Buckingham Palace says prince Harry will attend his father's may 6th coronation. Harry's attending the coronation service of his father, King Charles the third at Westminster Abbey, setting aside monks of speculation about his presence. The palace adds, Harry's wife, Meghan, the Duchess of Sussex, will remain in California with the couple's two children, prince Archie, and princess lilibet. Harry's attendance comes despite the rift within the house of Windsor, prompted by Harry's decision to reveal family secrets in his bestselling book spare Charles De Ledesma, London
AP News Radio
King's coronation: 3 crowns, 2 carriages and a shorter route
"King Charles the third, plans to take a shortcut and smoother ride to Westminster Abbey for his coronation. Charles innovation trimmed the procession route his mother, Queen Elizabeth, took in 1953. As he aims for a more modest event that will include some modern touches. Buckingham Palace says, however, the lower key ceremony on May 6th will still be steeped in ancient traditions and adorned with the royal regalia from The Crown jewels, but will also feature its bespoke emoji, reflecting the first British crowning of the social media era, Queen Elizabeth II's, was the first coronation televised 70 years ago, the 1.3 mile route is a bit shorter than the one Elizabeth took to the royal church, passing a statue of Charles the first, the monarch beheaded in 1649 before arriving for the 11 a.m. religious service. Charles De Ledesma, London
AP News Radio
Jill Biden to represent US at King Charles III coronation
"The Biden administration is defending the decision to have First Lady Jill Biden attend King Charles the third's coronation next month instead of her husband. The president told the king in a call yesterday, his wife will attend on America's behalf. We're proud that she's going to be representing the United States asked why the president himself will not be at Westminster Abbey, National Security Council, spokesman John Kirby, said there's precedent. President Eisenhower didn't attend Queen Elizabeth's coronation either. In fact, no sitting U.S. president has ever attended a British royal coronation on the events invitations, Buckingham Palace officially identifies the king's wife for the first time as queen Camilla, Sagar Meghani, Washington.
AP News Radio
Barefoot tours of Westminster Abbey offered after coronation
"Visitors to London's Westminster Abbey will be allowed to stand for the first time on the exact spot where King Charles the third will be crowned, though they'll need to make sure they don't have holes in their socks for the shooter's tour meant to protect the Abbey's medieval mosaic floor. Abby officials say the section of the church's floor, known as the cosmati pavement, where the coronation chair has been placed for some 700 years, will be on display during Charles's crowning ceremony, Vanessa Simeone, head conservator at Westminster Abbey, says it will be a unique visitor experience. It's such a rare opportunity. Nobody apart from the clergy go up to this space. So for visitors to come here and be able to walk on the pavement and get up close and look at the designs and all the different materials that make up this incredible piece of art, it's going to be just once in a lifetime experience. The intricate and mosaic of marble stone glass and metal located in front of the Abbey's high altar was commissioned by Henry the third in the 1200s, and made by Italian craftsmen, it's said to be the best surviving example outside Italy of cosmati after the Italian family which created it. Charles De Ledesma
WTOP
"westminster abbey" Discussed on WTOP
"Wish her all the best. It's all hands on deck as the United Nations make that the United Kingdom prepares for the coronation of King Charles the third and it turns out the coronation throne needs some TLC before the big day. Conservator Christa Leslie has been tasked with the medieval makeover. So a lot of my work at the moment is sticking those layers of gilding back down and making sure it's completely sound before the coronation. The 6 and a half foot throne has been a centerpiece for English coronations for centuries. After being built in 1309. It's been used for every coronation of an English monarch with a few exceptions since then. The restoration is just a small part of the preparations for King Charles coronation ceremony here at Westminster Abbey. Now just two months away, Ian Lee, CBS News, London. The girl scouts introduced a new cookie this season did you try it? It turns out it's a big hit. CNN reporting that the raspberry rally girl scout cookie sold out in just hours. People are so desperate to try and get their hands on this limited edition cookie that some of them are trying to find the boxes on eBay. Come on, people, but the girl scouts are pretty upset about that news. They sell cookies. Of course, to help members build businesses and business skills and raise money for the girl scouts in an email that was obtained by CNN, the girl scouts a selling cookies on the resale market deprived troops, so the proceeds they use to fund critical programming throughout the year. It's now 5 55
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"An idea, which is if you look at nature carefully and really pay attention and you're lucky, you can catch a glimpse of something deeply hidden. She's a beautiful phrase. Something deeply hidden, which is the deep structure of reality. It's what our reality is. So black holes, they're kind of a metaphor in a way. I talk about them as Rosetta stones in the sky. They're the things that by studying them. And when you say, why, why would we study these things? Well, in studying these things, we're beginning to get a deep, a deep picture of what our reality actually is. And that's a remarkable idea. But it's a beautiful idea that runs through all of science. How do you define a black hole? Well, it's in Einstein's theory, which again is a remarkable thing. It's probably in 1915 over a hundred years old. But it's just a region of space from which even light can't escape. And by understanding what they are and knowing more about them, what do we then learn? Well, states so Stephen Hawking back in the 70s published a paper. The initial one was called black hole explosions. It's just great title for a paper. And he calculated, he found out that black holes in his language. He said black holes ain't so black. They glow in the sky, like coals in the sky. And they radiate. And so over time, they lose energy and mass and ultimately disappear. Of a huge time scales. And that's so important. And I show this picture in the show that if you're going to Westminster Abbey and look on the floor of Westminster Abbey on Stevens memorial stone, then you find his equation for the temperature of a black hole, literally chiseled in stone on the floor of an Abbey. So you might say, why? Why is it so important? This was the key. This was this Rosetta stone idea. In trying to understand what happens. What happens? What happens to this stuff that fell in? When you thought these things existed forever, which is pre Hawking. Then you think, well, it's okay. I guess lots of inside. It can never get out. We don't care. But the thing evaporates away, one day it will be gone. So then suddenly you have to be faced with this question, what happened to everything then? If I threw a book into a black hole, is it somehow possible in the far future of your collect all this so called Hawking radiation? That comes off. Is it possible to reconstruct the information in the book? And that's been a question simple question that's driven this tremendous amount of research for 50 years. And it was pretty much solved in 2019, actually, in 2020. Pretty much, there's still a huge number of questions. But roughly, well, the statement is everything comes out again. All the information comes out. So everything that fell in in principle in the far future you could reconstruct the information of everything that fell in. This is an astonishing idea, because the last thing I'll say is that before that, before the Hawking papers and before this modern understanding, inside a black hole, just according to Einstein, sits the end of time. Which is an astonishing thing to say, because we can see them. We have a photograph to one of these things in the center of a galaxy too, actually. And you're looking when you look at that photograph, you're looking at the end of time in space. So then you think, well, if things go to the end of time, how does everything get out? Again. And that's the content of this tremendous work in theoretical physics. This works to be in black holes, which is one of those things that a certain kind of person says is useless, right? He said, why? Who cares? It turns out that the techniques that have been developed and the understanding that's being gained from looking at these things. Has got a very strong crossover with building quantum computers. Which quantum computers are in laboratories now. They have a tremendous potential to revolutionize our civilization. The incredibly powerful computing devices. Yes, and also that sometimes the defense given, isn't it about what's going into man going back to the moon or woman going back to the moon. The other things are discovered in the pursuit of those missions. Yeah, I mean, it's always a cliche, but it's true a friend of mine, an astronomer always says, when people criticize these spacecraft and they say, you know, the way, let's say the James Webb Space Telescope is what $6 billion or so. But it's appropriate to point out that nobody puts $6 billion in a suitcase and launched it on The Rock kits. Around the $6 million didn't go into space. It was spent on earth. And what is often the case? So putting aside the glory and wonder of the discoveries that are made, you are paying people to do high-tech jobs and do research and build machines that operate at the edge of the possible. And history tells us that that tends to be extremely useful. Your inventing things and trying to do things that are difficult. And that expertise never stays in one place. It then spreads out across our civilization in ways that you can't really predict or even quantify. Indeed, and you did sound very excited earlier. When you sound excited the whole time about all of this, which is infectious, even if people were trying to keep up, including myself. But when you talked about the golden possibility of there being life out there. And that question of, are we alone? Where are you with that? What do you say to people right now with the latest information? Well, so this, again, I think there's a cosmology. I say this in the show as well, it's one of the most challenging subjects, because at one level it makes us feel very, very small and insignificant. And it's true. You know, physically. I mean, the earth is one planet around one star amongst 400 billion stars in one galaxy amongst 2 trillion galaxies in the part of the universe we can
TuneInPOC
"westminster abbey" Discussed on TuneInPOC
"Talk back afterwards. I'm always one full robust discussion. I don't think tonight's necessary the night for that. I think for a lot of people, this is an important night for people. So, I'm very happy to talk about people's preparations. And what they're doing and how they are going to watch this event, whether they've got friends gathered all quite what's happening for that. So there might be some people that want to talk about the political context, or whatever. And I'm very happy to do that for the next two hours to have those discussions and those conversations. It just, but yeah, I think out of respect, I don't think, well, not out of respect, but just because this is a big deal for a lot of people. I don't think there's an answer to the night to discuss New Zealand becoming a republic or the merits of the royal family. And certainly there will be a long time and clearly options and coming days, months, weeks years, to have those discussions. Yeah, I feel that's a very I feel for me that it's a very natural position to adopt and to say and I can tell you that. At the end that they are already going in the in big numbers. So it's got a seating capacity of several thousand. The people that are attending the funeral obviously, it's an extremely curated guest list. Those people have been bused there from I don't exactly know where. But logistics of it have very complicated, so I guess with all those buses coming in that some people are they already. I think everyone's getting busted in anyone that's coming as a guest apart from Joe Biden. That's coming in this very special care. So that's the situation. So we will have that coverage and we'll go to the live coverage. Just around about 10 o'clock that will go for 75 minutes. So until then, if you've got questions, I'm happy to answer those if they've got thick as these things you want to say. I'm happy to hear those, but mainly I want to hear about what your plans are. I haven't heard about it. I haven't heard a lot of people are having I don't want to sound self involved. But it is the worst time for New Zealand to have a funeral because it starts at the time when most people are filming in bed, so look, I don't know whether people are keeping children up, I was curious about that. I know that without children, there has been no discussion or no interest in watching it. I don't think they know it's on. But I'll lift the house tonight. That was slightly grisly. And they were being put to bed. Yeah. I do think that the majority of parenting is working out with a kid's shoes. And working out the right time to get them to bed. in the morning, I have a gentle day anyway. So look, that's the way we're going to go. Oh, 880, ten 80, and 9 two 9 two two 6. Originally from ten 42. The Westminster Abbey had lots of incantations and renovations. I think probably since about 1550, this form has been there. It's been bombed. But I think every coronation. Since forever like ten 66s happened here. I don't know about you, but I've been to England. And I've been to London. And if I went back to England and London now, having watched some of this coverage and
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"More and what's going on around the world. Anna, good morning, and thank you. Features cut the UK's outlook to negative a week after S&P did the same thing citing Liz truss's large and unfunded fiscal package. The new government stimulus plans have negatively impact financial markets, confidence and the credibility of the policy framework, according to the ratings agency, separately, millions more Britons will be pulled into a higher tax income brackets over the next three years, costing twice as much as the government's personal tax cuts that's according to the institute of fiscal studies. Now OPEC plus members have agreed to cut their total output by 2 million barrels a day starting in November to keep prices high, outdated baselines mean actual supply will fall by half of that amount. It is still the biggest cut since 2020 and adds another risk to the global economy. The U.S. has slammed the decision and says it will release another 10 million barrels from strategic reserves next month, and King Charles is expected to be crowned on June 3rd next year in a ceremony at Westminster Abbey. Bloomberg has learned that officials are converging on the date, although it's still ongoing. The coronation almost 70 years after his mother was crowned will form the centerpiece of days of celebration to mark the beginning of the monarch's reign. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in 120 countries. This is Bloomberg, Stephen. The Anne, thank you very much. Well, a string of political and economic crises are threatening the City of London's position as Europe's largest equity market, recent market turbulence that we can pound and Brexit trade frictions of all hit the UK's market size was now in touching distance with its chief rival Paris. Here to discuss, it's been very Charlie wells Charlie good morning to you how close then is this race and how bad is it really for the UK? Stephen, I know your French is really good, but I'm just gonna say say pa Bon. So looking at those league tables, I would try to answer all these questions in French, but I can't. So UK market cap is 2.6 trillion in the latest figures of French market cap 2.5 trillion, so uncomfortably close, only once before has that value differential between the UK and the French equity markets been narrower and that was in January when BHP exited London. So as you say, why is this happening? That differential really has been eroding since Brexit, but of course we have seen so much market chaos since the Etruscan government's many budget that that really has damaged economic confidence and of course sent the pound to a record low. Charlie, we were reading with interest, a report by our colleague about UK assets today, which quoted Liberum capital strategist. Joachim Clement, saying that investors consider the UK on investable, he then goes on to point out which assets look though very cheap in the UK. How is that sentiment, though, playing out around the London equity market? Right, so those are some harsh words and maybe masked some potential opportunities. But you know, the figures at least right now are pretty striking, right? So, you know, in the first month of the trust government, we've seen at least 300 billion pounds wiped from the combined value of the nation's stock and bond markets. Yesterday, Liz trust was in Birmingham trying to kind of bring back some confidence, of course, the pound did decline after that speech, but then of course did recover a little bit over the rest of the day. And I think, you know, as far as sentiment, we still have a lot of concerns over the guilt markets, right? So once the Bank of England kind of exits that market at the end of next week, there's concern of course as well that there could be a cliff edge there. So this is all really kind of piling up into this incredibly negative sentiment towards UK markets. To what would the UK need to do then to maintain or perish the thought even expand its crown as the largest equity market in Europe? So there are markets, of course, and then there's marketing. And I think something that the UK could use there. Yes, something that the UK could use is probably a refresh of the marketing, right? And I think one way that would be kind of exciting to do this potentially would be to try to juice up those IPO listings, right? The UK has great infrastructure. So at great universities, it's got a really great tax actor, so that could be a potential way to turn things around, but of course, as Anna mentioned, you know, the UK is not an emerging market. There are opportunities here. And what we're hearing from some investment analysts is that with markets down, some investors actually seeing opportunities to actually build positions. And benefit if and when the market recovers. Charlie, thank you very much for that Charlie wells of Bloomberg news with the latest on the UK is status Cesar, a big global financial center, of course. And I was drawn to this story around the client selling Liberum capital that the UK is on investable, but then going on to say Steven, that even if profits, this is the calculations at Liberum, even if profits in the UK dropped by a quarter, so that's pricing in something, you know, relatively bad, a relatively bad outcome over the winter. Then they still think that the valuations would be, well, they would be below average for the last 5 years suggesting that things would still look cheap to them. But that's just the view of liberal. Interesting, we'll be hearing plenty more on that coming up next is we're going to be hearing from our equities reporter Joe Easton who's going to talk us through that story and these calls from some of those investors speaking to their own capital saying that the UK is uninvestable now. Of course we are still digesting the end two of the Tory party conference Les trusts laying out her vision for in her words growth growth and growth in that speech as she tried to double down on her economic policies of trying to create growth through things like investment zones and also cutting taxes on for income tax in particular, of course, one that we're being discussing as well. So we will bring you all of those stories coming up next and also keep an eye to the markets where the FTSE 100 is up by a tenth of 1%
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"Of Queen Elizabeth II's funeral. As the congregation stand, having just sung God save the king, arousing rendition after a very somber funeral service. If you're just joining us, this is Bloomberg radio's special coverage of the state funeral of Queen Elizabeth II in Westminster Abbey in London. We have heard from the dean of Westminster leading this service the archbishop of contraband Justin welby, giving this sermon during this state funeral marking the end of Queen Elizabeth's rate 70 year reign on the throne and part of her final journey from here from Westminster Abbey, the procession funeral procession will move to Hyde Park gaze in London and from there to Windsor Castle where had the queen's home had been in recent years and she will be buried there in so many that will take place later today. An absolutely moving service in word and in song and music, the Archbishop of Canterbury Justin well-being, talking about people of loving service being rare, but leaders of loving service being even rarer. How much Queen Elizabeth II touched a multitude of lives giving thanks and praise. So the Archbishop of Canterbury delivering the sermon. This is now the final Oracle organ processional as the queen's coffin will be moved from Westminster Abbey for the next stage of this state funeral. We heard also from the dean of Westminster Abbey, David hoyle, about the queen's unswerving commitment to her high calling as he described it, her 70 years on the throne, and also paying tribute to her love for her family as well as her public service and her time as the British monarch. We are beginning to see now members of the congregation in Westminster Abbey beginning to process outwards, we know that following the service, the queen's coffin will be drawn in a walking procession from the Abbey to Wellington arch to London's Hyde Park corner, the streets have been lined, perhaps ten, 12, 15 people deep, along that route so that people can catch a last glimpse of the queen's coffin and will hear the bells the bell of Big Ben toll. This is the procession now that we are listening to of the bishops, the archbishop of York, the Archbishop of Canterbury, the receiver general, and other high members of the Church of England who are leading the procession out of the church. They will be followed by, of course, the members of the queen's family, the royal family, King Charles, queen consort, and also the queens, of course, three other children who are present there as well and her grandchildren who will lead the procession out of Westminster Abbey and I'll be that's filled with 2000 people foreign leaders, dignitaries, current and current government ministers, the current prime minister Liz trust, who we heard giving the second reading and also, of course, past prime ministers we saw them line up on the way in to the building, David Cameron, Boris Johnson, of course, most recently Theresa May, David Cameron, John Major, Tony Blair, Gordon Brown, with their spouses among the last to arrive to Westminster Abbey in this enormous event of international significance that seen the emperor of Japan attend presidents from across Europe members of other European royal families come to London to pay their tributes to the life of Queen Elizabeth, the second, as we now wait for the coffin to be to be born out of Westminster Abbey and to begin the next stage of its procession again back by gun carriage to be drawn by 98 members of the Royal Navy as we saw the journey that it's already made. A short journey until now just across parliament square from Westminster hall where the queen's body had been lying in state into the Abbey and from here a further distance through London to Wellington arch to Hyde Park corner where it will then be transferred to a hearse for the longer journey to Windsor where the commit the committal ceremony will take place later this evening. I think it's worth reflecting
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"Singing a psalm, the choir of Westminster Abbey. So. What? The choir
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"Old leaders and dignitaries have come together in London to pay their respects. I'm Leigh Anne gerrans live at Westminster Abbey. Her 70 year reign began with the UK's recovery after World War II and ended with the appointment of her 15th prime minister. Hundreds of thousands have paid their respects to the monarch standing in line for over 14 hours to see the queen's coffin, lying in state. Good morning from London. It's 8 o'clock, I'm Stephen Carroll. And I'm Caroline Hepburn. You're listening to a special edition of Bloomberg daybreak Europe where live on London DAB digital radio, and so at 8 a.m., the doors of Westminster Abbey opened to the congregation ahead of the state funeral of Queen Elizabeth II. This is going to be a day like no other really in British history, the expectation is potentially for 4 billion people around the world to watch this broadcast event. We'll bring you extensive coverage of today's events here on Bloomberg radio in a moment. We will bring you more on details of today's state funeral, but it is 8 o'clock here in London, which means it is the opening of market trading here in Europe, markets are closed in the UK for the national holiday here, but let's just bring you where markets are opening elsewhere across the continent the kakarot in Paris is down by half of 1%, the FTSE may have initially down by four tens and it will be quieter on the stock 600 index today because of the fact that there is no trading here in London, but in terms of sectors, it is personal consumer goods that we're seeing some gains at the open of trading this morning, technology shares near the bottom of the basket to end four tenths of 1% as we see shares opening largely negative and a week that will be very important for Central Bank decisions. Of course, there is no treasury trading either due to the closure of the market in London, but we are seeing Bitcoin 6% lower this morning getting its lowest level since 2020. And now to our top stories, global leaders and dignitaries are gathering in London for the state funeral of Queen Elizabeth II, around 2000 people will attend the service at Westminster Abbey, including prince George and princess Charlotte, who will walk alongside the prince and Princess of Wales, the Archbishop of Canterbury Justin welby will deliver the sermon at her majesty's funeral this morning. I feel very privileged to be there, not pleased to be there because we would all prefer that this would not happen, but we're all going to miss and grieve for the queen. It's a huge privilege to be able to take part in this, focused on the family first, because this is a family saying goodbye at a funeral to someone they loved. That was the Archbishop of Canterbury Justin welby, the funeral will mark the end of ten days of national mourning during which hundreds of thousands of people queued to see Queen Elizabeth lying in state at Westminster hall. The queen's coffin will be carried to Westminster Abbey on a 123 year old gun carriage towed by 98 Royal Navy sailors in a tradition dating back to the funeral of Queen Victoria. We are admiral to Terry as responsible for the Royal Navy's funeral planning and says it's a huge honor for all personal involved today. One of the people pulling the state gun carriage at his grandfather pulled the state gun carried or the previous king's funeral. So those are real history moments. We've also got a number of people who are taking part and it will be their last act in uniform. That was where admiral Jude Terry director of people and training for the Royal Navy. While speaking earlier this week, King Charles paid tribute to his mother the late queen and said that he hopes he can follow in her footsteps. She set an example of selfless duty
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"London for the funeral of Queen Elizabeth II, the service at Westminster Abbey begins at 11 a.m. this morning and is expected to bring the city to a standstill, hundreds of thousands of people queued for miles to pay their final respects to the queen during four days of lying in state. The safe funeral will see the biggest one day policing operation in London's history. In other news, Volkswagen is looking to raise as much as $9.4 billion from the IPO of its iconic Porsche brand, the German car giant says that it's seeking evaluation of 70 to $75 billion in what is set to be Europe's largest listing in more than a decade. The offer period will start on Tuesday with trading plans to begin on the 29th of September. And lastly, the European Commission has proposed suspending 7 and a half €1 billion of funding, earmarked for Hungary over accusations of corruption and fraud, the move comes as part of the commission's new powers under its so called conditionality mechanism. The penalty on prime minister Viktor Orban's government needs to be approved by all member states. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries I'm Caroline Hepburn, this is Bloomberg. Well, as we remember Queen Elizabeth's 70 year reign ahead of her funeral later this morning, one place that she visited frequently was the City of London, home to St Paul's Cathedral, the Bank of England and the stock exchange to square mile is one of the few places with a history as old as The Crown. Yes, indeed, the 693rd lord mayor of the City of London Vincent Kievan spoke to me about meeting the queen in person and what she meant to Britain's financial world. We had the
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"Japan, world leaders and dignitaries have come together in London to pay their respects. Her 70 year reign began with the UK's recovery after World War II and ended with the appointment of her 15th prime minister. Hundreds of thousands have paid their respects to the monarch standing in line for over 14 hours to see the queen's coffin, lying in state. All right, good morning from London. I'm Caroline Hepburn. And I'm Stephen Carrey, you're listening to daybreak, Europe live, on London, DAB digital radio. Today, a special program looking ahead for the state funeral of Queen Elizabeth II. It will be held in Westminster Abbey a place with a thousand year history where the queen was crowned and married. This will be a day of ceremony, the likes of which Britain has never seen before. Global leaders and dignitaries are gathering in London for that event around 2000 people will attend the service, including prince George and princess Charlotte, who will walk alongside the prince and Princess of Wales. The Archbishop of Canterbury, Justin welby, will deliver the ceremony. The funeral this morning. And in terms of the rest of the day, global leaders and dignitaries gathering in London, the Archbishop of Canterbury Justin welby will be delivering the sermon at the funeral this morning. The queen's coffin will be carried to Westminster Abbey on a 120 year old 123 year old gun carriage towed by 98 Royal Navy sailors in a tradition dating back to the funeral of Queen Victoria, rear admiral dew Terry is responsible for the Royal Navy's funeral planning and says it's a huge honor for all personnel involved today. One of the people pulling the state gun carriage at his grandfather pulled the state gun carriage for the previous king's funeral. So those are real history moments. We've also got a number of people who are taking part and it will be their last act in uniform. That was rear admiral, Jude Terry, director of people and training for the Royal Navy. Well, speaking earlier this week, King Charles paid tribute to his mother the Lake Queen and said that he hopes he can follow in her footsteps. She set an
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"Made the comments in an interview with 60 minutes in which he also distanced himself from the question of whether Taiwan is or should be independent global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries. This is Bloomberg Caroline. And now the queen's funeral today is a major diplomatic event with dozens of heads of state and government and hundreds of foreign dignitaries attending. The foreign office has been coordinating the delicate arrangements which have been described as like a hundred state visits in one go. We've been discussing this with John kampfner, who's head of the UK and the world initiative at chatham House. It's a question of who gets to drive or be driven and who gets to have to clamber onto the bus. It is who sits where in which row in Westminster Abbey and a lot of that is going to be around etiquette rather than diplomacy heads of state will come at before deputy heads of state who will come before heads of government who will come before ambassadors and it was everlast. But the really interesting question is who is going to be talking to whom? And that's partly an issue for the UK and UK foreign policy and its trust being brand new and all of that. But it's also a lot of discrete conversations among heads of state and heads of government among themselves. That's very interesting to hear that this is to do with opinions on Russia and the war because awful as that is that is a very recent event in foreign affairs, isn't it? And the queen's reign has been has been very long, but it's really a sort of current as that is it. Yes, I mean, it's broader than that. Those countries just happen to be the countries that Britain has the worst relationships with anyway. And I would say most Western countries would probably if they had a list of 5 or 6 countries they wouldn't like to invite to things. It would be them. But when you think back at the queen's reign herself and her diplomacy, her non speaking diplomacy, so to speak, over all that time, goodness, she has had enough ogres in binding and palace and in Windsor over the time Nikolai ceausescu, the Romanian leader who was executed on Christmas Day in 1989 right after the coup, one of the worst Warsaw Pact leaders, she's had Putin, she's had Jinping himself. She's had all kinds of things. She had Donald Trump and you could tell she didn't think much of him. All the way through, she's had people that, for a lot of British public opinion, we would regard as unsavory, but those were the days when hugging people close, even if you didn't like them, was the way to go. Now it is very much a more binary set of relationships who is friend and who is foe. This is, of course, a funeral. It's a solemn event, but are there is there a diplomatic opportunity without sounding mercenary about is the diplomatic opportunity here for Britain to cement some of those friendships and perhaps tackle some issues that could be to a national advantage? Short term, yes, I mean the eyes of the world will be on London and you can say they have been on London for the last ten days already. That I don't think we should overplay. I mean, for Liz truss, she was only in office for two days before the queen died, and she is incredibly new. And she's not been able to do normal politics in the course of this morning period for the queen that will start in earnest again Tuesday, Wednesday next week for her. It's really, really important. We thought that her first real multilateral outing was going to be in New York for the United Nations. Annual meeting, but no, she's got a chance to talk to a lot of people. She and they will all have to be incredibly discreet about the way they do that. But I would also caution a little bit these stock of the queen was, as we have all seen, incredibly high. That obviously has a certain benefit for the UK. But the stock of Britain and the stock of the British government over the last several years, particularly in Europe, but further revealed as well, has been really quite poor in so many places, Boris Johnson being disparaged being seen as unreliable as not following the rule of law as being a bit of a clown. All of that is going to take a lot of reversing, Liz truss has a different personality, but very much a sort of Britain first, quite hard right wing ideological attitude. It'll be fascinating to see how she applies all of that in her own way now as the incumbent in number ten. That was John kathner head of the UK and the world initiative
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"When will you be able to go to a meeting where nobody smells like hand sanitizer, who knows, but we can give you the latest business and financial news. Fragrance free. Plus tease out some of what you just said. Are there tools in the toolbox for the fed? Does that point to the need for continued monetary support? Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. You do realize the mark that this is having on a younger generation. Bloomberg, the world is listening. World leaders have gotten in London for the funeral of Queen Elizabeth II, the service at Westminster Abbey is expected to bring the city to a standstill and what will be the biggest one day policing operational in its history. Let's head out to Bloomberg's and Edward Moore. So Anna, what does the chronology look like over the coming hours? Good to see you. So you were just showing pictures there coming live from London of the lying in state of Queen Elizabeth II, and that continues for another half hour or so. Some of the people you're seeing filing past the coffin there have been waiting ten, 12, 14 hours for the chance to pay their respects to the late monarch. So the lying in state comes to an end in around half an hour's time. And then we see continuation of the pomp and ceremony that we've experienced over the last few days, we will see a procession leading from that 900 year old Westminster hall to Westminster Abbey just over the road. That the coffin during that procession will be followed by members of the royal family and we will see a service then take place at Westminster Abbey followed by another service at Windsor 25 miles or so to the west of London later on this afternoon. So shops are shot markets are closed that their attention of the nation falls on what is happening in central London and then over in Windsor later on man. I mean, as an outsider, I will say that the scale of the rituals involved have been eye opening to say the least that this is a state event who is expected to attend, who is on the guest list. Yeah, the outpouring of commitments if you like to the monarchy has been something to behold. I was going to say grief, but not everybody has been grief stricken some have been in the mood to celebrate her life as you've witnessed conversations with those in the queue there. Those in the line waiting to see that lying in state. In terms of the leaders who've been invited, I mean, pretty much anyone that the UK has diplomatic relations with. It was going to be invited. So we're not seeing, of course, Russia, Myanmar, Belarus, North Korea on the list. But aside from that, most countries were invited even if they don't end up sending a very high level delegation. And that certainly seems to be the case with China. There was some controversy over that Chinese invitation. And there has also been controversy over Saudi Arabia and whether they would attend an are the media currently reporting that that's not the case anymore that at least a Mohammed bin Salman won't attend according to media reports. So there has been that controversy over the guest list, but otherwise we've seen President Biden, of course, land in London, and he's paid tribute to the queen talking about how she was exactly as you'd expect to find her in real life as she was in reputation, if you like, and also suggesting that she reminded him of his mother, which was quite touching. We also see the emperor of Japan is here presidents from all over Europe, royal families represented from all over Europe, of course, as well. And so as you suggested, a real security as security task to behold really for the UK. And thank you very much for that and Edwards is going to be, of course, reporting throughout the day live from London. I want to get back to the markets very quickly. What we're seeing a little bit of a negative tone as we count down to
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"News update. President Biden and the First Lady will head to Great Britain to attend Queen Elizabeth's funeral. The British monarch died recently at the age of 96. The state funeral is set for Monday in London's historic Westminster Abbey. Florida governor Ron DeSantis is standing by his decision to send about 50 illegal immigrants to Martha's Vineyard, the Republican governor says it's finally drawn The White House's attention. It's only when you have 50 illegal aliens. End up in a very wealthy, rich sanctuary claim that he decides to scramble on this. Speaking at embry riddle, aeronautical university Friday, desantis insisted that reports that migrants didn't know they were going to Martha's Vineyard are false. A new poll shows Democrats remain competitive in the battle for Congress, roughly 46% of respondents in The New York Times Sienna college polls said they will back democratic candidates in the November midterms. I'm Brian shook. You're listening to masters in business with Barry riddles on Bloomberg radio. I'm Barry holt's you're listening to masters in business on Bloomberg radio, my extra special guest today is Albert Wegener. He is the managing partner at Union Square ventures. They have invested in such companies as coinbase, DuoLingo, Etsy, and Twitter. So let's talk about the current state of the world for venture capitalists. We've seen valuations come way down for public companies. They're pretty reasonably priced these days about 16 times for the S&P 500. That's historically more or less average. Where do you see the state of the world in early stage valuations? How are they holding up? A year ago, late stage valuations had gone just bonkers, tell us a little bit about what's going on today. The correction always basically is a trickle down type of correction. It happens very rapidly in the public markets, then you still get some high price private rounds that either were in the works or they have a lot of structure in the latest stage markets. There's a headline number, but then nobody talks about all the Warren coverage that's behind the scenes. And then the early stage valuations tend to lag behind all of that. But we're seeing early stage valuations come down and as a firm we've always been disciplined on valuations. So we just let a lot of things go where we just thought it was. Are they down off the peak or are they cheap and attractive? The down of the peak, whether they're cheap or attractive, I think time will tell. But we are back in a situation where there are seed deals getting done at below $10 million, certainly below $20 million. And seed rounds that have a reasonable size. So for a while we were seeing these ten, 20, $30 million seed rounds. Sounds pricey. Yeah, and that's not happening anymore. But it was kind of interesting. We've also always tried to basically be at the next pieces and evolve our thesis before everybody else gets there. And once everybody else gets there, try and do well for our thesis. So for example, in the climate fund, we've made any number of reasonably priced investments. It's very reasonably priced. So I always assumed it was tied to the public markets, but sometimes you just don't realize when you have a good couple of years in a row in the public markets, you see that impact in what people are looking for, what sort of deals get done and valuations generally. I always find it relatively surprising how much private early stage valuations are tied to public markets because all the exit, right? But our holding periods are 5, 8, ten years. And so what's the current public? And so there's a couple of different explanations. One obviously is just investor sentiment, right? When investors are bearish because of what they're seeing in the public markets, they take a bearish attitude towards their own investing. We try as soon as we're interested. We tried to have a pretty steady pace as one way of counteracting our own sort of whatever our own emotions may be about the public markets. There is, however, another effect that sometimes is underestimated, which is that the people who give money into venture funds. So these are pension funds and endowments and so forth. They have a certain website from the public markets because when they're feeling flush on the public markets, then their private allocation as a percentage of their overall portfolio. They have a certain target in mind. When the public markets come down a lot, all of a sudden they're over allocated. So they want to pull back. So there is a mechanism by which the current public markets transmit into the private markets. There's a real financial mechanism. There's a psychological mechanism and a real financial mechanism by which some transmission some contagion basically happens from the public markets and department of money. But it doesn't make very much sense. Like if people were sort of more cognizant of both the emotional reaction and this mechanism, they'd be like, well, yeah, but innovation is happening at some pace in some area. There's some innovation that we should be funding that innovation. So I'm just making notes and investors are irrational. So profound insight right here. There you go. You never heard this one before. So to put that into a little context, 2020, 2021, very founder friendly deals. Now it seems like a little more investor friendly. Their assessment or not quite there yet. Well, when it comes to founder friendly versus investor friendly, there's a lot more to a deal than valuation is all the other terms. And while I believe we will see a correction on valuation that's pretty significant, I don't think we're going to go back to where venture capital was 20 or 30 years ago that had all these super draconian terms. Certainly, even at the early stage, even at the early stage they were all these, they were redemption provisions in early stage deals. I don't think that's going to come back. We are not fans of structure in later stage deals like just to give you a good example. When I was still on the board of Twilio, Twilio had the option of doing a totally clean no structure round at call it a ¥1 billion and a highly structured round with we're going to have a full ratchet into an IPO at a 1 billion 5 and some of the other investors at the table really wanted the 1 billion 5 number basis the bigger headline number. And I talked to Jeff and I said, just make any sense. You don't actually know what you deal with until many years later. Just take the deal where you know what the deal is today and you know what the deal is a
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"Because they know that if they had gone on strike, the ultimate arbiter of their wages is Congress. Publicly in all those lefty publications that I like to read. Tony, thank you so much. Next time we're getting you into studio because we got a whole supply chain thing we want to go down. Tony hatch consultant and analyst at ABH consulting right now, let's get world in actual news. Nathan Hager. Paul the lines of sea Queen Elizabeth's confident Westminster Abbey is more than 5 miles long wait times around 14 hours. It's gotten so big, they've put the line on hold the Q tracker is ordered a 6 hour pause. We've been meeting lots of people. Yeah, it's been enjoyable, but yes, my feet are actually 8, and I'm so happy I will flat. Yeah, that's what I'd like to be in line to see the queen. Stay with Bloomberg radio for live coverage of the state funeral Monday morning beginning at 6 a.m. Wall Street time. President Biden says he is confident that tentative rail agreement will be approved, he says it is administration brought business and labor together. One of the things that happens in negotiations, particularly if they've been elongated like these have. Is people saying do things where they are pride gets engaged as well? It's also hard to back off of some of these things. So what we did was just say, look, let's take a look. President Biden spoke on CBS's 60 minutes it airs Sunday Night. This is Bloomberg. Market when you see someone sipping on a crisp refreshing drink from McDonald's, you may suddenly crave one too. And that's normal. It's more than a drink
Bloomberg Radio New York
"westminster abbey" Discussed on Bloomberg Radio New York
"The U.S. won't hesitate to use military power against terror threats. He spoke at a Pentagon ceremony marking the 21st year since the 9 11 terror attacks. First Lady Jill Biden attending a ceremony for flight 93 in shanksville, Pennsylvania, at a New York City commemorations of the thousands who died in the World Trade Center attack. Preparations underway for the funeral of the late Queen Elizabeth, the second at Westminster Abbey. That'll be a week from tomorrow. Russia's defenses are crumbling in some places as Ukraine it retakes key territory in kharkiv and elsewhere. President Biden and Japan's prime minister fumio kishida may meet this month to discuss China, Russia and other issues on the sidelines of the UN General Assembly and authorities in Xinjiang are apologizing for food shortages and shortages of medicine as well as the COVID lockdown there continues. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries. In the newsroom I'm Denise Pellegrini. This is Bloomberg, Richard. All right, let's get back to our guest. Dennis gartman is chairman of the university of Akron's endowment investment committee. And retirement publisher, of course, of the gartman letter. Now looking at Dennis, the whole fed monetary tightening scenario, people thinking is going to pivot to some time next year, but that's something which J pal and others have really tried to quash. But does this mean that we've got multiyear monetary policy which will be a drastic departure to what we've been witnessing in the last few years. I've said since I've been in the business for about 45 years, the one thing I've learned is once the fed begins to embark upon a new direction, whether they're taking rates higher or taking rate slower, whether they're tightening or easing. They tend to move not for weeks, not for months, but for months and years. So I do think that we are in for several years of tighter monetary policy. They have to the duty of reducing the size of their balance sheet. Again, as I talked about earlier, it's gone from 900 billion to 9 trillion taking 65 to 90 billion away each month is years in the making to get it back to, let's call it $4 trillion. So this is not something that's going to happen very soon. It's something that's going to be in with us for, I think, at least two more years on the tightening side. It's just something that historically has been the president of the fed has said. And given the fact that the doves on the committee, Lyle brainard being one has now become hawkish and even the hawks are hawkish. This is something that's going to be with us for a while. So people think that there's going to be a pivot, I think, or ill advised and looking at the wrong news. Even the doves hawkish, yeah, kind of scary. But the bond market does seem to be sending somewhat more comforting message. If you look at 5 year tips, for instance, down under 2.6%. Now, the bond market could be wrong, but it's kind of risky to call the bond market, right? That's a pretty big market. I've always said that the bond market is the wiser of the two between the between the stock market and the bond market and my vote will tend to be with the bond market. It's one of mathematics and it's one of consequence. So if the bond market wants to say that rates are going to be are going to be easing, I'll go with that, but right now the trend is from the upper left to the lower right as far as price the trend is from the lower left to the upper right as far as yield is concerned and it's been a bear market, a devastating bear market. Those who had their portfolios in the 60 40 stock versus bond portfolio have suffered immensely. And I don't think that that suffering is going to end anytime soon. You gave us a sense of your strategy at the start of the interview to a dentist. What is it looking like now? Are you feeling any former shape of optimism? For the long term, I did a radio interview here in Todd water, Virginia last week, and I said, if you're looking out three to 5 years, you're going to be optimistic. If you're looking at three to 5 months or maybe two years, I think you have to tend to be pessimistic. So it depends on what your time frame is. The major course of the United States is always going to be bullish in the long term. But I think between now and the end of this year and into midterm next year, I think that I think in bear market is still going to continue and I think you have to be very, very conscious of the fact that it is a bear market at this point and prices are going to be lower, not higher. So we did see a significant drop in commodities during the month of June, but it really has turned around since then. And they have started to creep higher admittedly in the last ten days. We've seen another drop
Everything Everywhere Daily
Creating the Oxford English Dictionary
"London physiological logical. Society is the oldest organisation in great britain dedicated to the study of language formed in eighteen. Forty two one of their first objectives was to create a list of the deficiencies of the english language by eighteen. Eighty four they had hatched the idea of creating a new dictionary. That would solve the problems. They saw in current dictionaries. The process of whoever was incredibly slow. It took until eighteen fifty seven to establish a committee to create a list of unregistered words. These are words that weren't in current dictionaries or were poorly defined. If this had been the extent of what the illogical society had done. I wouldn't be doing an episode about this. The man who headed up. The committee was richard chenevix-trench. Trench was an interested in just coming up with a list of unregistered words. His ambition was much greater the report he produced with something else entirely. His report was titled on some deficiencies in our english dictionaries. It detailed all of the problems with current english language dictionaries in the nineteenth century. He noted problems. With the lack of coverage of obsolete words histories of words synonyms of words in poor examples and illustrations of words. What trench propose wasn't just a dictionary like the society had considered in the past. Trench was proposing writing the dictionary the most comprehensive dictionary of the english language. It wouldn't just be a list of words but of all of the words no longer in use and the history of all the words and where they came from. This would be a massive massive undertaking in eighteen fifty-eight the illogical society formerly called for the creation of a new dictionary which they called a new english dictionary on historical principles. First order of business was hiring someone to be the editor. Trench wasn't able to take on the assignment. As he was appointed the dean of westminster abbey. The job fell to herbert coleridge. Coleridge was only twenty nine. When he was appointed in eighteen sixty he created the outline in strategy for the entire project. He began the system to categorize the hundreds of thousands of quotes which would be required.
Newsradio 600 KOGO
"westminster abbey" Discussed on Newsradio 600 KOGO
"Into London is the couple were married at Westminster Abbey. Since then, they've welcomed three Children and undertaken hundreds of engagements. One recent outing brought them back to the abbey to see how the church is being used today. As a Corona virus vaccination center that Simon Owen reporting from London. My pillow CEO Mike Lyndall, still claims the president lost the election because voting machines were rigged. And by that, I mean, President Trump. Lindell is being sued by the voting machine maker Dominion over those claims the evidence for she said, Lassana Jimmy Kimmel live will soon be before the Supreme Court. Have it. It's real so people can say Oh, you're next practice Nix for your brain's Not right. You know what they can sail they want. It's gonna come out. Keep putting the evidence it's going to come out. The pillow magnate talked with Kimmel about everything from election conspiracy theories to his assertion that he's been receiving death threats. Kimmel told Lendell. He doesn't think there's any validity to the claims that he thinks it's important that to talk to each other. He also said he's worried that Lindell maybe self destructive Florence Welch from the band Florence and the machine boards. Broadway's The Great Gatsby. Great Gatsby is headed for Broadway with music by Florence and the machines. Florence Welch and Oscar nominated song producer Thomas Bartlett. Thistles. Not first time Well Rub Shoulders With Gatsby, Her band performed the song over the Love for Bosley Herman's 2013 film adaptation that starred Leonardo.
NEWS 88.7 Programming
Prince Philip's Death Commemorated By Gun Salutes Across the UK
"Britain's Prince Philip is being honored by gun salutes across the United Kingdom. Today, Tributes are pouring in from all over the world following the princes death on Friday. Flags have been lowered to half staff at Westminster Abbey, and people continue to lay flowers outside of Buckingham Palace. Prince Philip was married to Queen
Nightline
Prince Philip and the queen's royal love story
"Celebrating prince queen elizabeth husbanded closest confidante dead at ninety nine now the life and legacy of prince philip from childhood marked by heartache to a promising naval career sacrificed for service to his queen. He has quite simply been my strength and stay all these years how. The of edinburgh revolutionized the monarchy and guided a grieving nation and just the crown battles a new series of crises. What the future now holds for the royal family marching forward without their prints. Good evening and thank you for joining us. I'm trevor all tonight. A wave of sadness washing over buckingham palace. Queen elizabeth and the entire united kingdom mourning the loss of prince philip. Now inside the duke's lifetime of allegiance as a husband a grandfather a pillar of strength behind the british monarchy ninety nine tolls at london's westminster abbey fritz phillips. Ninety nine years of life mourning the loss of queen. Elizabeth beloved husband of seventy three years. This is absolutely devastating for the queen. This is the love of her life. The man who was by has tied for decades fell in love with the queen and chose to take on a lawyer. No suddenly being her husband but also serving crown prince charles visited his mother this afternoon as the royal family plans for funeral. Eight days from now. Prince harry and meghan markle paying tribute from afar on their foundation's website. Prince william and his wife catherine also honoring the duke on instagram
Donna and Steve
Queen to air address the same day as Harry and Meghan's Oprah tell-all - Page Six
"The queen will be on TV week from the Sunday the same day that Oprah's special Going to be on with Harry and Meghan. Queen Elizabeth would be speaking the day before Commonwealth Day. That's an event that usually happens at Westminster Abbey, but not this year because of covert. The queen is scheduled to appear on TV with Prince Charles. Plus William and Kate, Harry and Megan may have other plans there. Spect Ng, a second child in her no longer working members of the royal family. Very interesting,
5 Minutes in Church History
Who Was George Fredrick Handel
"Welcome back to another episode of five minutes in Church history. On this episode, we're talking about a composer George, Frederic Handel and I resist the urge to have upon here and say that we going to get a handle on handle. But let's get a handle on hindle. He was born in sixteen, Eighty five in Hallo- Germany the importance of that year is it was the same year as the birth of Johann Sebastian Bach sixteen eighty five was a great year for the birth of composers apparently, and now Bach to handle and I promise. I'm done with punts. Well handle was originally set to be a lawyer but he loved music and he quickly showed his prowess as an organist and at composing, and so he said off to be a musician. He spent some time traveling around Italy and then he was musician for the elector of Hanover. Now, the importance of the elector of Hanover was that he was the heir to the throne of England and when Queen and died childless the elector of Hanover became King George the. First of England handle moved with him to London and the year was seventeen off and from then on hand spent the rest of his life in Britain, and he's while born in Germany and German descent is known as an English composer under George. The first t founded the Royal Academy of Music, which he directed for fifteen years early on in London Handel composed for King George the first his famous water music or as in handles beloved German Tongue vassar music. The first time it was performed for King George loved it so much. He ordered it played again and then he ordered it played again. So debuted three times in a row in seventeen seventeen. After. He finished his time handle finished his time at the Royal Academy of Music. He spent much of the Seventeenth Thirties writing operas, and then he said about to write what might be considered his magnum opus the Messiah. Handel. was by all accounts obsessed with work. We would say today a workaholic and he poured himself into his work as a composer as a musician. Sadly in seventeen fifty one he went blind and then in seventeen, fifty, nine, the age of seventy four he died in, London? He was buried in Westminster Abbey and of course, the grand organ of the Abbey and the choir played his beloved. Messiah. Handel one said I should be very sorry if I only entertained them referring to the people who listen to his music, he wanted people to not only be entertained but to beat moved by his music and that was certainly the case with the Messiah. The Messiah was first performed in Dublin on April thirteen, seventeen, forty two it was performed the next year in London and King George the second was in the audience attending and when he got to the chorus for part to the Hallelujah Chorus King George, the second was moved that he stood up, and of course, when the king stands everyone else stands in. So the whole theater stood alongside of the king and that started tradition of standing during the Hallelujah course. The Messiah is in three parts. Part one begins with prophecies of the. Coming Messiah from Isaiah and Psalms, and takes us right to the shepherds watching their flock at night on Bethlehem's hillsides. Then part two covers the passion, the suffering in-depth of Christ and ends with that Hallelujah course part three picks up with Christ's resurrection and continues with his ascension and what theologians call his present session in glory, and then it ends with the day of judgement to come as the Messiah the king comes in glory. Well, that is Handel's Messiah and when he was finished writing the musical score, he signed it s D. G. Solely Dale Gloria.