37 Burst results for "bloomberg"
Fresh update on "bloomberg" discussed on Bloomberg Daybreak Europe
"For being with us Olivia karate and Hulu there for property portfolio talking about price rises and household wealth increasing specifically if you own a home This is number This is a Bloomberg money minute As Amazon.com staffed up to meet pandemic demand last year three of every 5 workers had hired were people of color and they filled low level jobs those same people remain underrepresented in Amazon's corporate ranks the company is laid out diversity goals to make it look more like society as a whole Meat prices remain high.
Fresh update on "bloomberg" discussed on Bloomberg Daybreak Europe
"Our weekly deep dive into the sector Well this week we're looking at how the pandemic has resulted in a pretty stark paradox in Britain The worst of times for public health job security and the economy has turned into the best of times for wealth creation provide it you held those assets as house prices rose to a record while here to tell us more is our Bloomberg real estate reporter Olivia quantity a Hulu Olivia good morning Thanks for bringing us your peace in this interesting bit of research Household wealth surged by over a $1 trillion since the start of the pandemic But who actually gained the most in Britain So as you might expect because partly because of this kind of boom in house prices those whose world predominantly is in housing wealth really stood to.
Is Taiwan About to Lose Another Long-Term Ally to Beijing?
"Is the upcoming election in honduras in central america causing a storm over fourteen thousand kilometers away in east asia. The answer is the country's longstanding relationship with taiwan which china claims as its own territory and allegations that beijing is trying to undermine the historical ties between taipei and all seagull palm. Well some some ellis bloomberg's taipei bureau chief. And he's on the line with more something. Can you begin by filling us in on that relationship between taiwan and honduras. Well hundreds is one of taiwan's last few remaining official diplomatic allies so one of the last few countries anywhere in the world. The officially view taiwan as a country so photon The importance of maintaining as many of these last fifteen allies as possible is huge. Like it is Really crucial to maintaining. It's the tight covered. Taipei governments claimed that. Taiwan is a sovereign independent country separate from the people's republic china. Now of course the relations that These last few allies have with taiwan officially the republic of china taiwan the state. And taiwan's official name. You know a legacy. Leftover from the government that used to rule china before the people's republic had sleds to taiwan during the civil war. And so you know over the last eight years. More and more countries have been switching recognition to beijing. As the people's republic of china is the official government of china. So y- taiwan is is very much invested in maintaining these last few allies as as possible Because it really does. Maintain this claim that taiwan suffered sovereign independent
Apple Watch Executive Takes Over Secretive Car Project
"Apples always pushing the edge. And i thought apple kind of watched walked away from from cars but the apple watch executive is taking over secretive car project now. Just two days before hideaway. Doug field ahead of apple secretive car project that tech china's tap apple watch exact former adobe. Co kevin lynch to take his place so in the latest changing of the guard for the project known as project titan which is rotated leaders about as much as reporting shifted focused They replace individual so he's been working on this since july when he was brought in to help develop the vehicle software. He's been with apple since two thousand thirteen. Curiously bloomberg rights at lynch still reports to apple's cheap chief operating officer jeff williams and not to john daria the company's head of ai. So we'll keep a watch on what's apple doing anything apple build some apple bands will
Apple App Store Changes Fail to Stem Push for Overhaul Bill
"Peace offerings and settlements between apple and developers won't stop congressional moves against app stores couple of weeks ago apple announced a proposed settlement with smaller developers. Perhaps the biggest concession offered by apple was the one that would let developers use communications such as email to share information about payment methods outside of their ios app. A few days later apple settled with the japanese government that settlement included a pledge to let reader apps such as net flex and spotify. And who knows. Maybe some that actually involve reading under terms of the settlement apple will let reader apps include an in napa linked to their website for users to either setup or managing account and sign up using a non app store. Payment method will be possible according to a piece from macrumors. Maybe they think it's not enough. Maybe they just wanna look tough. Whatever the reason the piece from apple and cider has at least one. Us senator saying legislation up ending up stores. Run by apple and google will go forward last month. A bipartisan group of senators introduced the open up. Markets act speaking the bloomberg one of the. Bill's sponsors senator. Amy klobuchar democrat of minnesota. Said though apple is taken some small steps to respond to criticism of its anticompetitive conduct. They did not go. Nearly far enough there is growing momentum to pass the open up. Markets act to finally address apple and google twin monopolies. And i will continue working with my colleagues on both sides of the aisle to get it done. You didn't ask but i'll tell you anyway. What annoys me is. They're gonna point to this as a thing that they got done
Ford Hires Away Executive Leading Apple’s Car Project
"A big win for Ford and a setback for Apple. Ford has hired away from Apple, the executive leading that company's effort to come up with a self driving car. Doug Field, had been a former executive at Tesla. Now he's the chief advanced technology officer at Ford. Ford shares are about 1% higher. Apple shares are up almost 2%. But this is a coup for Ford, and that it's made big strides in convincing investors. It can compete with Tesla on electric vehicles and technology.
Bitcoin Faces Biggest Test as El Salvador Makes It Legal Tender
Cardi B & Offset Welcome Baby No. 2
"Cardi B and offset are welcoming their second child together. The rapper with songs that have over a billion views on YouTube, posted a photo of herself her husband and their newborn baby on Instagram. The caption simply reads 94 21. No word on the baby's name or gender. But the Blue Heart in the caption has many speculating.
Boeing's New 787 Dreamliners Likely Delayed Until at Least Late October
NYC to Develop Evacuation Plan and Alert System for Basement Apartment Residents
At Least 8 People Killed in NYC, New Jersey After Ida Slams Northeast
The Next Apple Watch May Be Delayed Due to Manufacturing Issues
"Watch out see when i did there. Lots of apple. Watch news this morning and the first bit ain't good a source is telling debbie wu and mark gherman that apple's upcoming watch is suffering production snags as manufacturers adjust to a new design likely leading to supply constraints or shipment delays quoting bloomberg. The device is expected to have a larger screen alongside a faster processor. Bloomberg has reported the upgrade has brought manufacturing challenges according to the person who asked not to be identified because the situation isn't public nikkei reported earlier that production of the device has been delayed due to the complexity of the new watch manufacturers of the product began small scale production last week but didn't get satisfactory. Output nikkei said the new watches also have screened technology. That bring that display closer to the cover glass using a different lemonade. Technique bloomberg previously reported that display layer may be causing some of the production woes. The person said and quote
Nevada Gets Evacuation Warning, Caldor Fire Nears Lake Tahoe
"Some Nevada residents are being forced out of their homes because of the Cal door. Fire reports say People living on the east side of Lake Tahoe have been given evacuation orders this after the fire forced roughly 22,000 in South Lake Tahoe, California to flee their
Daos, NFTS and Crypto Derivatives Win Attention as Billionaire Paulson Calls Crypto Worthless
"What are the interesting things about. Hedge funds and venture investors. Is that often times. One really big contrarian bet that pays off can solidify investors reputation for a very very long time. John paulson had one of those bets. Betting against the housing market in advance of the great financial crisis. That position ended up netting him and his investors something like twenty billion dollars which is very clearly a career defining bet however it hasn't been quite as good since then at peak in twenty eleven pulse and managed thirty eight billion that was down to nine billion by twenty nineteen when he shut down his hedge fund and started managing his own money an estimated three point five billion instead this is not the scoff at three point five billion dollar fortune but simply to point out the paulsen is proven himself to be pretty firmly in the camp of one really good call which perhaps takes the sting out of his recent comments on bloomberg wealth with david. Rubenstein about crypto. The setup to that combo is one. Many bitcoin is in particular will resonate with basically he says that an expanded money supply is going to drive inflation. His bet however big time is gold. He's backed it for years. And this apparently is finally. It's moment crypto. On the other hand he says will eventually prove to be worthless. I wouldn't recommend anyone. Invest in crypto currencies. Santiago santos said on twitter. It's hard to know. How much is luck versus skill and investing unless you can win and lose on purpose to this day. I doubt my ability. Here's paulson who got a tip from a deutsche bank trader too short housing poor track record since won't be as lucky. This time with crypto masari's ryan sell. Kiss was a bit snark here. John paulson must be bitter. That about thirty crypto investors and entrepreneurs have now leapfrogged him in net worth betting on gold versus digital gold financial internet and the user owned economy at this point is record shadowing boomer energy. What a savage and true phrase record shattering boomer energy
Zoom Shares Plunge as Growth Slows Down
"Power zooming Laura now by just about 10%. We're keeping an eye on zoom video communications out with the sales forecasts. It did fall short of some analysts estimates, raising concerns the company will have difficulty maintaining rapid revenue growth as workers turn away from remote meetings. Again. Shares of Zoom now down by
Tennis Superstar Naomi Osaka Has a New Interest: Cryptocurrencies
"The growing rage around Cryptocurrencies has captured the attention of the defending U. S Open champion has been exploring where she can invest in the space. Part of her interest was brought on by all the noise around does coin the digital token that became famous for being the first? Mm coin to start out as a joke? Here's a little bit of a quote. I was actually just talking with my agent about Cryptocurrencies, she said in an interview last week. This is a quote. I know that online. Everything is getting bigger. I remember reading about does coin. There's going to be something new and interesting. That's going to pop up. Massocca said. The continuous stream of conversations around Bitcoin especially on our Twitter feeds doctor interest even before her agent approached her with the idea to invest. You
Nationals, Astros Mandate COVID-19 Vaccine for Non-Playing Staff
"League baseball teams will require Covid 19 vaccines for those working in their organisations. Rebecca Hubbard, reports to Major League Baseball teams are requiring full time non playing employees to get the Covid vaccine. The Washington Nationals employees had till Thursday to show proof of vaccination or offer a medical or religious exemption. The Houston Astros required the vaccine for their major league club, as well as the three minor league teams they own. According to ESPN. As fighting continues throughout September, those without an exemption or proof of vaccine will be fired. The
Matthew Mindler, "Our Idiot Brother" Actor, Has Died at 19
Louisiana Braces for Category 4 Hurricane Ida
"Hurricane Ida is less than 300 miles from home in Louisiana with sustained winds of 105 MPH. The National Hurricane Center in Miami, predicts the storm will strengthen rapidly before it makes landfall, bringing a life threatening storm surge, potentially catastrophic wind damage and flooding rainfall beginning Sunday morning, Louisiana Governor John Bel Edwards says this storm could be one for the history books will be one of the strongest hurricanes to hit anywhere in Louisiana sense. At least the 18 fifties as the Cal door fire rages closer to Lake Tahoe. The vacation destination was empty Saturday, leading up to the Labor Day holiday. Smoke conditions, along with shifting gusty winds started to scare off the tourists. A fire watches being put in place for 11 A.m. on Monday by the National Weather Service. That's one step closer to a red flag warning officials are hopeful that several man made fire lines can save the iconic Lake Tahoe basin from the raging
Dating Apps Are Turning to Video and Audio to Link People up
"Say goodbye to swiping dating apps are using audio and video to get more users on their sites in the hopes of generating more money. With the addition of audio and video people can interact in a way that hasn't been seen in online dating. One dating, Apps says It will also allow people to form better connections that could draw more people together. Online users have been clear that they're interested in meeting up over video as a way to break the ice or check a potential dates. Vibes before seeing them in
"bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg radio. Com Bloomberg the world is listening. Everything seems to be in motion the macro clearly being driven by the Corona virus outbreak, But here will also mean a global recession. The narrative is driven by uncertainty and you're on solid ground looking forward guiding you through all of this. Bloomberg radio. The Bloomberg Business haven't Bloomberg radio Com. Bloomberg the world is listening Broadcasting 24 hours a day at Bloomberg, Calm on the Bloomberg business happened at Bloomberg. Quick. Take this. He's Bloomberg Radio. Noah Global News Update. An ally of former President Trump is questioning why Capitol police didn't use deadly force during the violent protests. Last month, South Carolina Republican Lindsey Graham said officers had every right to use deadly force on the violent mob. Speaking to reporters during Trump's second impeachment trial, he added the people in charge of securing the capital let the country down. He also believes there's more support for Trump's acquittal as the third day of former president Trump Senate impeachment trial is set for tomorrow. Earlier today, however, House impeachment manager David Sis Cellini argued that Trump was so focused on objecting to the election results. He deliberately failed to respond to the violence that was taking place. Members of Congress and vice president were inside. Scared for their lives. He doesn't send help doesn't try to stop it. Doesn't even acknowledge the attack. The White House is standing by their goal of reopening schools in the 1st 100 days of the Biden administration, Press secretary Jen Psaki said the goal is to have students back in the classroom at least one day a week. Federal Reserve Chairman Jerome Powell says the nation is a long way from employment. Getting back to normal that Madison has more will told the Economic Club of New York continued aggressive policy is needed to help workers. He said It will take both near term policy and it longer run investments to get a strong labor market. The nation's unemployment rate has fallen to 6.3% from its high of 14.8% in 2020. I will set of monetary policy alone is not enough to repair all the damage done to the economy by the pandemic. Texas Lieutenant Governor Dan Patrick is working on a law that would require the national anthem to be played at public events. Patrick announced The Star Spangled Banner Protection Act today, calling it one of his legislative priorities. Patrick adds the lies needed because Dallas Mavericks owner Mark Cuban confirmed the song wasn't being played before home games. I'm Brian shook The CDC director is continuing to urge folks to wear masks despite dropping covert 19 numbers. Dr Rochelle Wolinsky says new data shows wearing a mask protects the person wearing it and the people around them. She also said there's now clear information that shows coronavirus case spread dropped after mask mandates were instituted across the country. Governor Andrew Cuomo is proposing the establishment of the New York cares plus baby to baby diaper Bank Liz Warner reports as part of his 2021 women's agenda. The Empire State now plans to partner with nonprofit baby to baby to donate 20 Million diapers to New York's emergency feeding programs for statewide distribution to food banks said no cost to families. Maybe the baby provides basic essentials for Children under 18. And since the pandemic began, the organization has already distributed 50 million items. Two families. The Diaper bank is the latest in the Syriza of initiatives put forth by the governor to help New York families during the pandemic. A diverse group of musicians from Jay Z to Rage against the machine are the 2021 nominees for the Rock and Roll Hall of Fame, Michael Kastner reports. Tina Turner. The Foo Fighters and Iron Maiden are also among the 16 musical acts Nominated. Seven of the nominees are Women, Others nominated or Mary J. Blige. Kate Bush, DeVeaux the Go, Go's Chaka Khan, Carole King, Fellow Cootie L. L. Cool J New York dolls Todd Rundgren and Dionne Warwick. The Class of 2021 inductees will be announced in May. Michael Kastner Alex Trebek's Jeopardy. Wardrobe is going to help those in need. The game show's Twitter account announced the large portion of the late host show Wardrobe is going to the dough fun. It's an organization that helps former inmates and homeless Americans get back on their feet. The show is donating 14.
"bloomberg" Discussed on Bloomberg Radio New York
"All this doom and gloom was out there financed. You See, this is a technical correction investment. What do you have looking at? Give you some sort of compass. Through this period, The Bloomberg surveillance podcast lots and lots of talk about what the Fed should and shouldn't do. Dunking Jonathan Ferrell, these Abramowitz and the names that shape the world's markets and speak with Professor Schiller of Yale University. Bloomberg Surveillance. Listen today at Bloomberg, Calm the Bloomberg business half or subscribe on Apple podcasts. Broadcasting live from the Bloomberg Interactive Brokers Studio in New York. Bloomberg 11, Frio to Washington, D. C. Bloomberg 99 12, Boston Bloomberg, one of 61, Justin Francisco Bloomberg 9 16 to the country, Sirius, XM Channel, 1, 19 and around the Globe, The Bloomberg Business AB and Bloomberg radio dot com. This is Bloomberg Markets. You're listening to Bloomberg Markets Carol Massar in Firmani, Quinn and Paul Sweeney, speaking of twists and turns. Not only is going to be Roller coaster on Carnival's new ship, but it's also been the financial markets for 2020, but we're definitely been on a move up overall. Since we've seen a lot of aid kicked into this economy. All right, let's get a check. Gonna talk about that with our next guest. But first up, Let's get another check on that trading day here is once again John Tucker, would you go on a roller coaster on a cruise ship? A zoo. Long as nobody else was on the roller coaster or the crew's true Yeah, on anyway after a new round of stimulus powered stocks to a record close, Mantei Carol Starts today. I would say they're mostly flat. Investors continue close up positions for 2021. Trading has been relatively thin. Also, you're going toe believe a lot of people been off this week choppy trading like that to continue mid this light volume in the holiday shortened week and U. S economic Data today hasn't.
"bloomberg" Discussed on Bloomberg Radio New York
"How many of them have remained on the job? Throughout this people are not going to be in public. Transportacion. Nobody knows you have received £600 million in the UK, but we can promise the most complete information and the most detailed analysis. The question is what kind of recovery We will be due every twist and turn. Would you be wary of investment in China? At this point Bloomberg Radio. The Bloomberg business happened. Bloomberg radio com Bloomberg, the world is listening. The election is over. There's a long road ahead. Experts will be necessary. We do not necessarily get me eight from Washington, D C. Donkey, You need to understand the science of what we're talking about. Jonathan Ferrell doesn't the short term shape what the future looks like in this economy, and Lisa Abramowitz? How do you price in economic scarring? Bloomberg surveillance weekday morning, said seven Eastern on Bloomberg Radio. The Bloomberg business happened. Bloomberg radio Com Now watch us on Bloomberg Television. The average time a resume spends on an HR manager's desk. It's seven seconds and most of them are tossed aside. Now imagine if one of those resumes belong to you as me who was living in a shelter juggling three jobs. I had to be resilient. That's something that you can't teach. We realize so much on a resume yet it could never tell the full story of someone who had to be independent and take initiative. And that's how I handle every project. I get discovered new ways to develop great talent that grads of life. Don't work brought to you by grads of life and the Ad Council. Imagine Imagine being denied an apartment because of your religion or your race or because you have Children or a disability. It's so wrong. Yes, but who has the power to stop this? Do. Each of us has the power of the law is on your side. It's illegal for landlords to discriminate because of race, color, religion, sex, national origin, disability or familial status. If you suspect that you have experienced housing discrimination file a complaint with Hood.
"bloomberg" Discussed on Bloomberg Radio New York
"Is Bloomberg business week all right we are keeping an eye on the equity markets today Carol and looking forward to hearing from people such as always with the started looking forward to that first at the let's get another check on your top business stories also a look at the trading day we've got roughly twenty minutes to go did absolutely right about that high for the day on the Dow up six sixty that was a gain of three point one percent here's where we stand now we've got the Dow five hundred twenty nine points up two point four percent S. and P. five hundred index have been has high as eighty four points up now by seventy one that's a gain of two point eight percent nasdaq advancing now by three percent higher by two hundred and twenty six points bottom line stocks extending gains as investors see glimmers of optimism in efforts to deliver rapid testing for the new coronavirus S. and P. five hundred index is higher for just about the fourth time in five days the Federal Reserve Bank of St Louis president Jim Pollard says adding trillions of dollars of borrowing to the U. S. national debt is necessary fiscal support because of corona extra corona virus variola virus related shutdowns and will not hamper the country's ability to grow in the future Bloomberg radio and television sat down with Pollard he talked about a number of other topics including efforts to boost the US economy and help small businesses one two three and then I could leave phone calls and then I could leave what I interpret the program is trying to do is well I think common sense a lot of businesses.
"bloomberg" Discussed on Bloomberg Radio New York
"This is Bloomberg radio Bloomberg surveillance we are being taken out of my comfort zone but a coronavirus weakness is pretty much a good thing for a lot of the rest of the world this year most likely the financial health of the business sector has secured in someone's obviously the value in high fall stocks are going to continue to suffer because of the bond market is too complex over into recession via Bloomberg surveillance with Tom Keene Jonathan Ferrell and Lisa on Bloomberg radio from New York City for our audience a worldwide good morning good morning this is simple and backs of violence let's get your Friday morning price action after a brutal week once again the S. and P. five hundred coming into Friday down about eleven percent of the session of two point four S. and P. five hundred futures in the bond market if it returns the treasury CEOs aggressively lower down sixteen on a thirty year down fourteen basis points on a ten year to one percent precisely on a ten year gilt in foreign exchange dollar strength through the week one of the biggest weekends for the U. S. dollar on the week since October two thousand night on the session the dollar showing just a little bit of weakness against the euro a lot more against the pound sterling brownie and by little more than two percentage points alongside Lisa premise I'm Jonathan ferro I feel lucky and privileged to be with you at a really really tough time and be with you through the week as well I'm looking forward to being with you through the next couple of months to tell Kate is on vacation a number of minutes ago I did say if you want to come back right and guess what yes people have written and they want him back all the home happy now come back a sap then Damian sent me a gaffe and said this is a tweet in support of Tom king's return and the little video is a car full of monkeys gone absolutely crazy and I mean that is what they think Tom Kean is light in the studio try to write yes shock is it that far off well I will say that is that it is encouraging that that people are are excited back we we really do want a path back I think he will come back I'm looking for traveling back Monday Monday I understand we can get some came back complaint back right out and I look forward to doing it what a week it is paid for global markets so much stress out there anything that we've been exploring Lisa of the last couple weeks it's just the speed of the move the pace of this movie absolutely brutal and I think we've picked up on some stats not just in the equity market on credit and he still thinks that down inequity you've got to keep your eye laser focused on what is happening a credit at the moment investment grade bond flows the outflows smash in record we talked about that we talked about how you express blew out another two engine forty nine basis points this week full sessions to forty nine unreal it's something you've been talking about triple base so for people who are familiar with the structure the credit markets in the writings around them you have investment grade and you have jungle sub investment grade high yield investment right is right to triple lie all the way down to triple play and then you drop into high yield triple B. spreads huge junk and investment grade universe as many of our listeners are familiar with that story over the years now the one this is two thousand nine at least this happened really quite fast what's concerning to me is that the benchmark for all of these statistics you keep mentioning two thousand eight two thousand nine the financial crisis with credit and some of the actions that we have seen we have blown through two thousand and eight two thousand nine and are hitting record weakness record pace record pace of declines and this just raises some key questions we've been talking about this on going away is this pricing in a mass downgrade of that triple B. sector and possibly the fallen angels and just an absolute master degree of bankruptcies and insolvencies or is this a liquidity issue or is is a combination of both that will have to get parse through and could potentially be opportunities for investors the likes of which are Howard marks he says that he's buying I'm struggling to understand that and I think everybody is because the baseline is just a big question mark Muhammad eleven found on Twitter at right now I'm looking for to catching up with Muhammad at the top of the nine o'clock hour nine Easton on Bloomberg TV a little bit like this morning questioning about the house questioning the hope of whether the way the full sounding is Alfa has been a guest on that show we my family JP Morgan asset management global market strategist Mike we have had this for selling a situation in many markets including in treasury's well we have this moment worrying moment why sound what you cannot what you want are you convinced or is it too early that is why the full sounding is Alfa well I think what you're saying on credit it's important because we still got downgrades to calm in my opinion historically it takes awhile for the rating agencies to actually get up off the speed with the hit to revenues that looks likely to come very sorry I think over the next six months you're gonna see a flow of downgrade coming very not trouble the space and then you will see full salaries that some investment grade bond fund some insurers after he won't the capital reasons or just because it's not part of that mandate to hold third spot I will be forced to sell them so I think that's potential despite the meat we inspect all me looking as of yesterday's close living spread for about three point three the U. S. I. G. you look back to two thousand I widened out north of five percent sorry I think we could still see the widening particular another it's probably nine at the end up getting downgraded we estimate that about five percent of the index could end up getting downgraded and therefore we still favour in offering quality of product with credit for selling you think is expected to be on going I want to talk about some of the for selling of the past week we got data from from Lipper saying that investors withdrew an unprecedented thirty five point six billion dollars from U. S. investment grade bond funds this week John was mentioning this before the prior record was seven point three billion dollars absolutely blowing it out of the water why did this happen where was this withdrawal of mass coming from I think the problem is that you've seen over the last few years a lot of investors in this low yield environment that we've seen that have been reaching the extra yield by going into credit funds what I normally than my server and caching instead of because the yield of a long pass was so loud I thought well I'll take a bit more risk tolerance and investment grade credit and it was I think I understood by mice the the background what the non financial corporate debt to GDP levels had risen to pretty elevated levels but people thought well with this low interest rate environment what's going to be the shock to revenue which means that I lose investment grade companies struggle to pay back but that obviously the shot comes in the form of the carpet ninety an hour break in the shot down they were condemning the round the world which is taking place in that photograph and you had to many of those businesses which will mean the interest coverage ratio has come down leverage ratios go along with the decline and hence you can't downgrade another result of that I think you're seeing many people try to get out of those credits but full they get downgraded to leading to spread widening but once the downgrades actually comes through that will be I think another way hello sign am I kind of see how this issue thanks anytime soon I think this is the case key issue right now we spent about two months debating scope and severity of this health crisis how bad would again how widely spread another huge uncertainty of a longevity how long would it last and the longer it lost the stronger the more fuel the argument the race for the idea that essentially T. full stop to pick up and we go through this massive wife fifty leveraging away to have tough times in credit Mike how long do you think things gonna take to class with that in mind because I keep hearing people site it depends how long this goes on full what is how long made well obviously that's the big question that night one night the on air and everyone wants a copy off of that I think the other thing it takes a while for the downgrade from prehistorically the rating agency is down tens of just downgrade a whole bunch of companies I have a nine so I think that will be a rolling price that in terms of the economic impacts what's really needed ASAP prevent companies from really struggling it is for the government the staff pain and Haiti the wage bill for large and small corporates across the economy in this period when many companies nothing very dramatic decline that leverage you look for example of the Aiken table data on restaurant bookings seeing a dramatic decline in bookings and revenue so some of those kind of companies which are most exposed to that I'm sorry all we gonna feed that kind of massive physical stimulus that is required to really allow companies to keep one because without firing them if not all day and job losses are gonna realize that they're not so now I I could still see you and lost in in length and the downtown and hence the problems in product and Mike I think that a lot of politicians are are very aware of this which is why we've seen an incredible speed to respond to this and number of bills trying to do exactly what you're saying although the details very from from day to day depending on which phase of the bill were Ian but I'm wondering at what point you step in and buy it will point you say all right we've gone far enough I think that ultimately depends on your time horizon state when you look for example high yield credit press one now a long way partly that is because he's seen energy spreads widen out author excluding energy sprite do you still have the material widening but not quite to the extent that it looks like if you just look at the headline index because the energy are stretching but nevertheless which spreads because why did they are at the moment and if you buy it these kind of levels historically on a two to three if you you make pretty good money some companies will be full Bob the the Fairmount has the full already priced in dot said it's possible that spreads could widen quite a bit further in the near term before things get better sorry under the law nine US high yield spreads were approaching ten percent in two thousand a night they got as wide as close to seventeen percent sorry things could get worse before they get better so if you can take a two to three year time horizon will be quite attractive to fight because short of time and he worried that things could get worse before then you probably want to wait often hold off of that I'm not quite catch of the my found that JPMorgan asset management global market strategist Mike is rob with pushing twenty percent it's up to high yield spread back in like to wake up into a nine and we should attend right now because the price they said we've gone from the tides of the year around three fifteen three sixteen we've traveled that we traveled down which would that the bulk of the move has been in a single month just to give you a sense of distress levels on high yield are ten percentage points over benchmark rates we are less than twenty five basis points on average for the entire index for that after being on it near record low yields yeah not that long ago with energy high yield spreads of record whites as well something we can talk about a little bit like this allocation do some headlines worldwide here in New York City a psych of morning to Michael Bach one Michael good morning John good morning Lisa the corona virus has claimed two hundred thirty five lives in Spain over the past twenty four hours the health ministry officials says the Spanish outbreak raise the total death toll by thirty one percent to one thousand two Wuhan China where the outbreak began offered a ray of hope with no new infections reported for a second day in a row and only thirty nine cases reported nationwide the US has warned Americans to avoid all international travel and told citizens abroad to return now or face an indefinite absence California's governor is ordering all forty million residents in the state the stay home in New York City the metropolitan Transportation Authority says that twenty three workers have tested positive for the corona virus president trump is trying to calm Americans about the virus but there is some confusion about the government's progress suppressing the covert nineteen outbreak in Berg's Martin to kill reports on the president's comments about the use of a decades old malaria drugs it sounded like a breakthrough get it approved very quickly I would even tell you how quickly but let's put it this way it's a proves president trump from the White House briefing room announced the malaria drug chloroquine was FDA approved for use on cove in nineteen patients only to have the agency say a short time later it was not approved for corona virus it is being tested Dr William Schaffner is an adviser to the centers for disease control and there are plenty of patients in whom we can do clinical trials and get solid information right now chloroquine is only permitted for use in severe cases that are not responding to other treatments in Washington Martin to Carrow Bloomberg radio global news twenty four hours a day on the area known QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries on Michael Barr this is Bloomberg John Lisa a microphone thank you Sir from New York City listening to fill in for acts of violence we are live on Bloomberg radio.
"bloomberg" Discussed on Bloomberg Radio New York
"Radio dot com and via the Bloomberg business well this is certainly been a week for financial markets where you couldn't wait until Friday and now it is upon us at least in Asian trading you're joining a scene from the region good morning I'm the Christian or the Bloomberg interactive brokers studio in New York and I'm Juliet folly in Singapore Bloomberg daybreak Asia presented by interactive brokers that margin line start at three point zero six percent and decrease allegedly values and right to subject to change you can learn more at I. B. K. I. dot com slash compare yes it certainly has been an interesting one for markets I said about an hour ago the Asian stocks were on track for a weekly gain of two percent that's now been dwindled down to one percent let's get all the latest with bronchitis in Hong Kong Brian yes and unfortunately if you're long these markets it could be a road for those still because some of these markets are just getting started right now we do see a little bit about performance in China with the CSI three hundred down nine tenths of one percent conversely you've got nearly two percent losses in Hong Kong well one point eight percent for the hang Seng index a little more than two percent for the HSC III the Nikkei is down two point eight percent the S. X. two hundred off about two percent and the cost B. is is getting hit pretty hard down two point two percent so there's not a lot of out performance is just a lot of fear in the markets fear that it's it's hard to quantify the impact of the corona virus and how long might this last ditch your money dead for the next say two quarters so investors are sort of voting with their feet Dalian one of five ninety four so one oh five we haven't announced that sort of handle on on the end for a while and gold is up to sixteen hundred sixty nine dollars oil has separate troubles they're trying to cut rushes not agreed yet W. T. I. forty five sixty three and Brent down under fifty dollars a barrel at forty nine ninety six so it's a tough day today in the Asia Pacific lots more to tell you about we'll do that again in fifteen minutes stuck to you all right in the ten year treasury in Tokyo at eighty two basis points hi okay so drugmakers they've been racing to find vaccines for the coronavirus researchers in China quickly provided it's genetic sequence that was able to give other scientist a faster start in finding a possible treatment we spoke earlier with Bloomberg health reporter Emma court she said the history really is not encouraging for finding and developing vaccines quickly taxis are also difficult to develop too because you have to test them out and healthy people and you want to be really conscious about safety so you know these are big trials that you're running and then this isn't really a question of whether people would like to develop a vaccine or therapeutic obviously everyone is kind of weird thing for this to kind of come through but it is a question of whether you know the industry can kind of move fast enough to keep up with sort of a disease that that people are saying it's going to become a pandemic that is Bloomberg health reporter Emma court Julia well it is getting use that delta is suspending U. S. to China flights from February sixth through to April thirty and this comes of course is U. S. airlines say that travel demand is falling apart we get more from Bloomberg Charlie pelage Southwest Airlines says first quarter sales will take ahead of as much as three hundred million dollars after a plunge in demand that CEO Gary Kelly calls quote a gut punch shares of southwest down three point six percent United Airlines holdings and jet blue are planning to trim flights as they brace for a slowdown of global trade group for airline says the industry will lose as much as one hundred thirteen billion dollars in sales.
"bloomberg" Discussed on Bloomberg Radio New York
"Is Bloomberg you're listening to Bloomberg best on Bloomberg radio I'm at Baxter and I'm Denise publicly the legal marijuana businesses had a tough time lately and Bloomberg TV host Joe weisenthal and Romain Bostick had a chance to talk to the CEO of Kerley holdings about it he starts here by asking Jos Luis Sardi if there's a risk of getting burned out by the downturn in the legal marijuana business I think the actual fundamentals of the business service wrong is it ever band you know illinois' Adele uses off to hot start Massachusetts is picking up steam I think you're gonna see a number of big catalysts this year including Maine being the second state to go dell use on the east coast you've got governors in New York Connecticut Pennsylvania all talking about adult use and you'll likely see ballot initiatives in New Jersey and Arizona there are number of catalysts on the horizon and the actual fundamentals of the business are great and you're gonna see a lot of organic growth and Carolee from a lot of other U. S. operatives this year so I think the stock partial to reflect the real value of these businesses as they seek and continued growth so with regards to organic growth I mean obviously I mean surely has been acquitted of obviously the select deal in the grassroots seal where do you stand right now with grassroots and what do you see the advantages there once that deal finally gets done yeah I mean that's a transformative deal for a company puts us in a key midwestern markets including Illinois they've got a strong footprint in Pennsylvania so it's obviously a very good deal for our shareholders and we're looking for to close that deal in the spring we announced about a week ago that we cleared the DOJ HSR hurdle and so now it's just up to the states to transfer the licenses and will continue to look around the market define opportunities that are creative enough I got a good places the player can our capital we did a three hundred million dollar debt raise earlier this year and so we've got a really strong balance sheet and we're always looking to deploy that capital to make returns for investors this is a vaping deal but what kind of opportunities do you see specifically whether it's what kind you know in terms of products or the type of companies that would make a good strategic fit for further capital deployment yeah well by the end of Q. two operating twenty markets and so I wouldn't be surprised if we do both arms in existing markets for example in Arizona we have nine dispensaries there are a number of other deals that we can look at the Bulldogs in that market are similar types of things you know a week there may not be a big deal for her eyes and are always looking for some opportunities that are creative I'm just wondering what do you see in terms of the demand side here all south of the border here in the U. S. yeah the U. S. could not be more different than Canada structurally an entirely different market our companies are vertical we have the whole supply chain the demand is incredibly strong women up and down the east coast our biggest problem is that we can grow cannabis fast enough the demand exceeds the supply you know illinois' supply constrained Massachusetts so consumers are so huge preference for regulated taxed legal cannabis and that's not going to you know that's gonna continue for a long time so we're very optimistic about the demand side of the equation we've got to deploy capital to build capacity and capture that demand curve and I think it's gonna be a huge year for for U. S. cannabis interleave what states are most likely next to expand on the recreational side where do you see the fastest progress right now well as I said New York is having a very public debate on governor Cuomo's trying to get it down to the budget New Jersey is gonna have a ballot initiative this fall I think connect Connecticut will likely follow suit if New York or New Jersey do a bill so you know there's a lot of public dialogue going on a lot of recognition that cannabis has its rightful place in our society and should be taxed and regulated so we're very optimistic about the dominoes falling here over the near term Joe you mentioned that financing that you got a guy that was back close back in December of that syndicated term loan two hundred seventy five million or so this was kind of a big deal at the time because I mean we've seen a lot of banks are shying away from cannabis companies cannabis related companies are your company was kind of seen as kind of the first breakthrough to really secure sort of of all big sort of a fleet of financing here do you think that we'll see a little bit more of that and do you think we'll see it to the extent that the banks are willing to offer a little bit better terms the maybe the percentage you got well you know from our perspective we did have such a deal the three hundred million dollars I think we have you know the best money raising apparatus in the business and the best credit profile so that's how we're able to attract that investment I do think that that markets will continue to open up you know I want to highlight there was no war coverage in that deal so straight that I think that we've demonstrated ability to deploy capital and get returns for our shareholders and that's how we're able to pull that off well you're demanding you mentioned that continuing to accelerate we're specifically need we need American cannabis consumer what is a gravitating to one of the looking for is they learn about the recreational market as they learn about the product what are the the trends that you're seeing just in terms of what they're into let's just start with medical if you look at Florida you know Florida's adding ten thousand patients a month as you know during a thousand patients in Florida for the fasting growing fast growing cannabis markets in the country medical markets are growing up and down the east coast New Jersey New York and then the adult use market opens up a whole new classic consumers Joe do you anticipate that we would get any sort of federal regulation something that was sort of consolidate I guess all of this sort of state by state legalization I anytime soon I think the first thing we get is the safe banking act followed by states act which which makes it the state's right to have cannabis laws I don't really see a full federal law legalizing cannabis anytime soon but I think that will get progress the federal level over the next twelve to twenty four months and that all all things like credit cards big money center banks and potentially cheaper data into the space and it's all the things bode well for future you know cannabis growth you've been listening to Joseph Lusardi CEO of purely and coming up are expats looking to get out of Hong Kong add one company specializing in immigration and visa says pouring.
"bloomberg" Discussed on Bloomberg Radio New York
"The Bloomberg business out the Bloomberg business Bloomberg world headquarters on Charlie Pellett H. P. and because a doctor at a shareholder rights plan that would make the takeover more difficult to carry out H. P. fighting off a hostile acquisition by Xerox holdings H. pieces if a person a group requires twenty percent or more of HD stock the plan but then take affect it was a down Thursday here with the Dow the S. and P. and nasdaq all moving lower today as some P. down twelve a drop of four tenths of one percent the Dow down one hundred twenty eight points down four tenths again the S. and P. dropping for tense as well nasdaq down sixty six that was a drop of seven tenths of one percent ten you a fifteen thirty seconds the yield one point five one percent gold now at sixteen nineteen fifty eight the ounce crude West Texas intermediate up five tenths of one percent fifty three seventy three a barrel recapping down day on Wall Street S. and P. down twelve a drop of four tenths of one percent I'm Charlie Pellett and that is a Bloomberg business flash Charlie delta thank you so much you were listening to a special edition of Bloomberg businessweek live from NJ I. T. here in Newark were having a conversation about the future of work in part understand the future of work is understanding where science is going what the jobs are going to be and what the aspirations are for this next generation of technology kill militants I want to put this question to you you're the senior V. P. over at our end of our anti of remark local company and and I do wonder what's going on in the in the war in in terms of disease biology we're talking about this during a break in I'm so intrigued by what that actually means so I've been a student of human disease biology for my whole career and the the the the central problem we have is we want to understand what goes wrong when people develop the disease and then we want to figure out something we can do to modulate that some medicine or some vaccine we can give the will modulate the human disease but the problem is we don't know as much as we would like to know I can tell you for it during my career we know three orders of magnitude more about human biology that we did at the start and it's not even a tenth of a tenth of a tenth of a percent of enough we will credit you're not that old the right only as old as you feel so I'm not old at all but I would here's the here's the exciting part the the exciting part is because of the convergence of many different things we can now it's now possible to study human disease biology with a resolution and with a continuity it's never before been imaginable no we haven't cashed in on it yet but you can feel it coming so think about it in the past if we want to know something about human disease we relied on a patient going to a health care provider and telling them once a month or once a week right about fix now you can know everything continuously if you do it ethically and if you do it in a in an informed way you can understand not what a disease looks like at a doctor's visit every few weeks or months you can understand what's going one continuously what the patterns look like if you want to actually take a sample from a patient with consent of course yeah and if you want to analyze it you can analyze it with a depth of resolution down to finding out what's going on in single cells inside each tissue you can understand it with a depth and complexity that was never imaginable even just even just a decade ago I have to think this is something you're seeing Virginie that you know because of the the the equipment and and all the the research if you guys are doing I can't tell you exactly the same story between factory for example what about the artificial intelligence are bringing to us more safe safety of environment I quality may be some time quick quick execution of the task and at the same time for you one would be dedicated to elevated the task they will be may be in charge of the logistic programming the robots that's why the segmentation of the task in fact only be it would be different in the future but definitely the robots and the A. R. I'm going to bring us a higher quality and at the same time giving the your mind the possibility to have elevated the world well this is what's interesting and and marks that were to come in on this because I feel like we've written about this a lot in business week magazine this whole idea of its not robots taking over for humans but you're going to see Madame machine kind of working much more closely than ever before well said that was that she might punch line.
"bloomberg" Discussed on Bloomberg Radio New York
"Is this app and on quick take by Bloomberg use the Bloomberg radio now on global news update every snow old four people shot and killed on Christopher Cruz blizzard conditions from the plains to the Midwest today parts of North Dakota South Dakota Minnesota and Iowa will get hit hard with heavy snow and wind gusts topping fifty miles an hour after that heavy snow will move into the Ohio valley the northeast and New England meteorologist Allison Jim shore says about a hundred eighteen million people are being affected this is a very large store about a third of the US population is being impacted by this storm whether it's from rain in the south for you've got the snow this leads the freezing rain on the northern side of this particular store some bar to the northeast could get a foot of snow to moral four people were shot to death in a home with a small town of Grantsville Utah last night it's about thirty five miles southwest of Salt Lake City police arrested the person they think is the shooter the fourth annual women's March taking place today with women across the country and around the world advocating for women's rights and equality correspondent Rebecca Bach compares this year's March to the first one we're expecting a much different feel free this year's women's March the fourth March since president trump took office than we have seen in past years of course the first women's March on the day after president with the trump was inaugurated into office was one of the biggest demonstrations ever recorded across the country and here in Washington DC today we're expecting something smaller organizers say they're expecting tens of thousands of people former New York Republican congressman has been sentenced to more than two years in federal prison after pleading guilty to insider trading in court Chris Collins admitted he helped to sun and others Dodge eight hundred thousand dollars in stock market losses when he heard that a drug trial by a small pharmaceutical company it failed saying before he was sentenced I stand here today is a disgrace former member of Congress Collins had denied wrongdoing when he was charged in twenty eighteen calling the house ethics committee in Korea a quote partisan witch hunt will spend the next twenty six months behind bars respond to Jeff mackay I'm Christopher Cruz guys waking up over and over to P. is not okay but now you can reduce those nighttime bathroom trips with the ingredients in super beta prostate P. three advanced we're talking about less surges to P. at night less bathroom trips during the day and better bladder emptying it's like taking three prostate supplements in one you can try a full thirty day bottle of P. three advanced free just pay shipping and handling no strings attached no obligations and no commitments to buy this is a thirty day supply absolutely free call one eight hundred four eight zero five nine two nine super beta prostate is the best selling brand in major retailers like Walmart but for this no strings attached free bottle you must call now call one eight hundred four eight zero five nine two nine don't miss out on this unprecedented free offer call one eight hundred four eight zero five nine two nine one eight hundred four eight zero five nine two nine disabled amateur golfer hit a hole in one this week maybe an amateur but lord hrbaty's up stage the pros by hitting a hole in one of the PGA tour American Express twenty twenty in California Richard golfers of one hundred fifty yard par three hole might be tough enough but hrbaty's was born with one hour he was met by cheers as he walked down the course to pick his ball out of the whole the Canadian native says the shot was the coolest experience he's ever had on the golf course and celebrated by throwing his hat in the year he went on to card a one under seventy one leaving him seven strokes back from early pacesetters Zach blaring Grayson Murray I'm Scott Kerr U. S. Supreme Court has agreed to review an appeals court decision that blocked trump administration rules that would let more employers deny insurance coverage.
"bloomberg" Discussed on Bloomberg Radio New York
"This is Bloomberg you happy get a total of about learning right now and I think in this job today yeah for you okay so on this job that we do want to talk a bit about learning the skills that are necessary to make it in today's workforce don Baker knows about that he CEO of the global software company desire to learn and we bring him in on the phone from Kitchener Ontario Canada John nice to have you here on Bloomberg radio welcome join Carol to be joining about what you're doing because I do feel like this mirrors that against that we had before earlier on our broadcast about kind of getting workers who don't have the necessary skills that are needed in today's work first tell us about your company and specifically what you're doing well I'd be to our desire to learn is providing a learning platform that supporting educational institutions all companies all over the world to change how we do learning today in the past a lot of this is not happening in a traditional classroom but now we've shifted using digital technology to learning online and what we're seeing is a big shift in our economy as automation our artificial intelligence comes into play in terms of dissolution of the current job that we have I'm an optimist I think a lot of new jobs to get creative but there's a requirement for us to re skill or up skill our resources to support that new future and what we're trying to do as a company is is connect the dots between our educational institutions and our companies are to better equip the work force for that future yeah and so how do you do that especially from a collaboration perspective because when we talk about sort of training workers obviously there's a private sector side to this which are working on but is there a public sector piece of it as well yes so before you go off into the workforce we want to make sure that the the graduates from universities or colleges are well prepared to enter the workforce you look a lot of the statistics many companies will talk about how the graduates of their hiring are not quite ready for the jobs of the cutting into and so one of the big elements that we're trying to help reshape its it do what we call working a good learning or work based learning where before you even leave the university or college are you getting an opportunity to have an internship or call our experience work some type of work experience the help better prepare you for life after university or school and that's what it's colleges or universities or schools are that the integration of work into that learning experience it's going to be a critical part of making sure that we're ready for that future and it also creates this virtuous cycle it allows us to take one happening in education in their latest thinking and bring it into our lawyers and vice versa what's happening in the different industries is going back into the education system to help inform how to make the curriculum the content of the courses that are being offered in the educational institutions much better much more adapted to two days required yeah it's interesting I do feel like this and I've had a lot of conversations about folks thinking about the future when it comes to education and that maybe four years education don't make sense anymore to some extent or maybe we're gonna have to think about workers who have who continue there's continuing education throughout their life to make sure that whether it's keeping up with technology in different standards that we're gonna need that going forward is that we were headed well you're absolutely right you know if you talk to any even technology companies what what exactly that Google or otherwise they'll talk about how they have to have their engineers rather's re educated I have a number of years and so there's no longer a situation where we just simply graduate permit our schools and universities and go into the workforce then you're done learning the lifelong learning that needs to happen or that unit learning within that work work experience if you will I've got to increase to be able to keep our skills current with the demands of today and so there's this requirement for this ongoing development ongoing learning about workforce that never existed you know twenty thirty years ago and so the gig economy people happen around either from job to job or is it a coupling together or something how does that play into this exactly the same so you know when you start with today ten years now you're probably gonna be do something completely the right twenty years ago you might get a completely different career all together again and so we've got to constantly be able to up skill and re skill that work for so that they're ready for the evening change and we can do is keep sending people back to college or university to for your program to get you ready for that change in our life well we talked to educate you sick that would integrate together yeah absolutely done and we talk about education having to be disrupted I think we're starting to see signs of it but there's that's really a big boat a lot to it is wrong turn yeah exactly because started John Baker chief executive officer desire to learn on the phone from Kitchener Ontario Canada thank you so much for time really appreciated on this Friday all right looking ahead we're going to check in on one of the big stories of the day that's that Dennis Mullen Burke at Boeing a lack of severance package also going around at the show catch up with Hannah Ellie it she's going to tell you about turbo charging hot riding your Tesla that's coming up but first let's get to Bob.
"bloomberg" Discussed on Bloomberg Radio New York
"The Bloomberg business for forty seven past the hour right now let's get you caught up on markets were seen positivity in the early going in Sydney with the SX two hundred up about one percent that follows a risk on day here in the U. S. after the US and Iran kind of dialed back on some of the tension president trump toning down the rhetoric of bit suggesting that any further military force is not needed and he did though announced some are more economic sanctions against Iran equities up on the news although late in the day there were some shares down on the news reports on Sky News that several rockets were gonna were targeting the green zone in Baghdad now even without pull back we have the nasdaq composite finishing at a record high ninety one twenty nine the S. and P. five hundred on the day picked up about a half of one percent and for the Dow industrial average we were higher as well by about six tenths of one percent as well so with the risk on move long term interest rates come in a bit ten year treasury actually we moved higher in long rates with the ten year up more than five basis points one eighty seven crude oil down that's what I was referring to in terms of of the drop four percent loss in New York trading we closed fifty nine sixty one some of that had to do with a pause in the conflict between the US and Iran but there was also an unexpected increase in oil inventories here in the states W. T. are right now in the electronic session fifty nine ninety seven after the bell bed bath and beyond withdrew its financial guidance following another quarter of declining sales the stock had been down by as much as twenty five percent in late US trading last check has is down about the ten percent right now that shares bed bath and beyond right now the end trading one oh nine zero five so we are much weaker vis a vis the green back and that is positive for Chicago Nikkei futures trading twenty three five forty five that's more than three hundred points above where we were yesterday in the cash market in Tokyo all right let's get global news now mark mills in the Bloomberg news or president Donald Trump backed away from the precipice of war with Iran after the Islamic Republic attacked US bases in Iraq with a barrage of missiles the Pentagon believes was intended to cause no casualties fraudulent text messages circulating around the U. S. this week tapped into fears about a military draft the US army issued a fraud alert warning that the messages were fake and said it was investigating who was behind them senator Marco Rubio of Florida and congressman Jim McGovern a Massachusetts are trying to restart work on stalled legislation that would sanction Chinese officials for their treatment of week are Muslims in western China and a government report found that in the past fiscal year the majority of taxpayer phone calls to the IRS went unanswered the agency failed to collect billions in.
"bloomberg" Discussed on Bloomberg Radio New York
"And around the globe the Bloomberg business that Bloomberg radio dot com this is Bloomberg daybreak it's six thirty on Wall Street good morning I'm Nathan Hager and I'm Karen Moscow we are just about three hours away from the opening of U. S. trading let's get you up to date on the news you need to know at this hour US futures are little change this morning as investors largely shrug off the impeachment of president trump we'll have more on that in a moment but first the focuses on central banks this morning Mindy let's begin in Sweden where the respond candid half a decade of subzero using raising its key interest rate out of negative territory it's a move that puts pressure on the European central bank according to Bloomberg opinion columnist Marcus Ashworth I think it's from the mentors with I think it leads us to probably say at some point the P. C. pretty old to be recognizing that device what what the golf once a year to settle things down off to quite aggressive move in September on a druggie and by herself sometimes of a real fake thirty minutes from now the bank of England is forecast to leave rates unchanged for the focus will be on a how many policy makers descent we get more from Bloomberg infection rate strategist David Finnerty of central banks that I think be a visa to the most interesting one because the market's going to go how you to digest this latest developments of the election all I had to think too will come out with this was the third maybe even an outside chance for fourth member syndicate account right finally the bank of Japan held steady overnight but changed its statement to point to a brighter economic outlook we get details from Bloomberg Paul Jackson in Tokyo the bank of Japan last policy of the touch has a government stimulus package progress in US China trade talks and signs of bottoming of the global slowdown brightened the economic outlook still economists noted the risks to try you don't even brexit refine it's also are yet to be seen how the economy will pick up from the sales tax to typhoon in Tokyo Paul Jackson Bloomberg daybreak right Paul thank you back here in the last years of micron technology up about four percent in early trading the company gave a strong forecast and said it's through the worst of a slump in the memory chip industry and Deutsche Bank will reportedly cut six thousand jobs tied to its private banking division that's according to Handelsblatt which says the cuts are part of the eighteen thousand the German lender plans to eliminate by twenty twenty two S. and P. futures are little changed this morning along with nasdaq futures DOW futures are up twenty one the ten year treasury down eight thirty seconds the yield one point nine four percent and the yield on the two.
"bloomberg" Discussed on Bloomberg Radio New York
"This is your Bloomberg realistic report I'm to the spelling going we're going to take a look at one of the nagging questions about the housing market and that is what is the best way to address issues in the housing affordability across the country we put that question to Terrel gates he's CEO and vertus realistic capital we have seen some advancement and construction technology and there's been some limited success that here with what's called off site fabrication of modular housing but all in all it had very little impact on reducing costs and gates says it's not just about a lack of inventory either this is a national issue and the simple reason is this over the last several decades real wage growth inflation adjusted for middle income Americans has been virtually flat while at the same time construction costs land because an entitlement costs have gone through the roof and gates says public private partnerships are needed to solve the problem and that is your Bloomberg realistic report I'm to the spelling pretty vital shot a senior project engineer at Mott macdonald a global engineering consultancy with more than sixteen thousand employees he earned his PhD at New Jersey institute of technology and as an adjunct professor is helping and J. I. T. students explore emerging technologies my focus is renewable markets emerging technologies Betty of floating cities what are we doing to develop that what will happen is in the water would have wave city have solar having him you know develop plans I gonna develop education farming that's sort of thought process happens at NJIT we actually planned out what with us we look like I would develop that so ten years Russia ready take on those challenges when we have our first develop in the water and yet he also has been doing a lot of work in self healing materials for taking the Palmers image the new material that we have in our materials sizes apartment putting to things like concrete things like steel reinforcing our soil and J. I. T. New Jersey institute of technology learn more N. J. I. T. dot E. D. U. just just really really good guy the term good day isn't enough to describe he's also certified organic and free range which puts the cap back on everything the toothpaste a low voice two and three day he lets his ten year old nephew beat him that virtual tennis even though he can street of sleigh after yes when the toilet paper is running low which replaces the role of the actual holder not just on the back of the toilet texting and driving rich what are you doing I was just telling everyone how great you are texting and driving makes people look bad visits text stop rex dot org a public service announcement brought to you by the national highway traffic safety administration and the ad council now the new president trump plans to announce the withdrawal soon of about four thousand American.
"bloomberg" Discussed on Climate 2020
"Hi and welcome to climate twenty twenty a podcast about climate change and the two thousand election. I'm David Gilbert the climate media company the years project and my co host. Jeff Nesbit of climate. Nexus is usually here but Today today we managed to reach him in his hotel room. Somewhere in the State of Utah. So where are you so I'm in Sundance right now. I'm in Sunny Sundance. You taught the the resort. Robert Redford founded that also hosts the the Sundance Film Festival. We're here talking about climate change and some other big issues and it's a bit quite right a quite quite an event so Jeff we'RE GONNA WE'RE GONNA be talking a little bit later. In the show with nathaniel stat of the environmental voter project is a really interesting guy. Who's done a lot of work? In trying to get lacy environmentalists who People care about the environment but don't generally go to the polls is trying to change that and we'll hear your how he's doing it and how it's been going for him but hey let's let's talk about the big news this week. From climate perspective. Twenty twenty presidential race could not a big shakeup very soon former New York City Mayor Mike Bloomberg billionaire businessman three-time New York City mayor is prepared to enter the Democratic race. It is not it said if Mike runs he would offer a new choice to Democrats built on a unique record running America's biggest city and I think what what levels the playing field for billionaire is that he's doing it from his own money as opposed to some dark money that we don't know where it Michael Bloomberg has decided to enter the presidential race. Well well he hasn't quite decided that yet. I think he's still. He's filed in Alabama and he is now looking at Arkansas's well but I think it's still I mean he's I think he's close close. I think it's he's obviously close but I think it could shake up the race and move special Shake up the climate portion of that race. The two people who spend a great deal of time talking about the climate tissue are the two billionaires in the race. Tom Steyer and Mike Bloomberg yet Elizabeth Warren talking about it more so as people edge. But I it's just an interesting dynamic And the second thing is Mike Bloomberg has spent a lot of his philanthropy wealth on the climate issue. You know the thing that strikes me about Bloomberg is that more than any other public look figure except maybe Jay inslee this has been on his mind for a long time. I mean back in two thousand eleven. He started to support the Sierra clubs beyond coal campaign which is a very effective campaign altogether. We spent one hundred and ten million dollars in that campaign. And it's you know it's had As you know considerable success in helping to shut down about half of the nation's coal plants and then in June last June He committed a half billion dollars close to a new campaign expanding the beyond coal campaign to beyond carbon. So he's really. This is an issue that that he's cared about for a long time from a political local standpoint. It certainly changes the dynamic. If he does get in he does he pull votes away from Biden Does he increase the the sailing. Say The climate issue the gun violence issue and a couple of others. I I think that's that's what I'm looking at. I'm guessing that because of the problems the Bloomberg had with his stop and Frisk Policy If he does run he's going to have to do something Along the lines of environmental justice to appeal to a lot of the people that he alienated with these stop and Frisk program sipped out together and in silence united against the New York. Police Department's stop and Frisk Policy. which protesters say? I singles out minority groups. I've been targeted a few times already. Like just like hey what are you doing. What are you going on like pooper has had some very negative? The things to say about the green new deal. A lot of elected officials have embraced the idea of a green new deal. Greek green new deal. And that's great. It's become fashionable to do you. So but I think it's time as party that we started putting some meat on the bone laying out exactly how a green new deal shooting. What tired of you're listening to things? That a pie in the sky that we never gonNA pass never going to afford. I think it's disingenuous to promote those things. You've got to do something that's practical when you look at the program that he's advocating with beyond carbon the successor beyond coal. He's talking about a lot of exactly exactly the same goals that the green deal has. If let's say Mike Bloomberg shows up on the debate stage with Bernie Sanders Bernie Sanders. Who has been front and center On on the climate issue Throughout this race to sell some it's an Iowa with AFC and others Bernie Sanders talks about a green new. Deal and Sodas Mike Bloomberg. What else is on your mind this week? Another another announcement this week. That she's scare people have to death. Which is the International Energy Association? Just you know said yet. Again Carbon dioxide emissions worldwide are going up. And the reason. Why does that energy consumption is going up in other parts of the world so the lack of US leadership on this issue is is is hurting us all around the world that that is really not good news for all of us who would like to see co two levels start to flatliners come down. And what has said is that the reason reason for that increase in carbon dioxide emissions is because of more energy consumption around the world more coal plants are being built. which let's be real steams crazy to be building new coal plants in other parts of the world? But that's what's happening and There's more energy consumption around the world. That's offsetting less consumption. In countries like the United States states and Europe. I noticed that Iran just discovered announced the discovery of fifty billion barrels of oil so It Ain't GonNa be easy but that's a fair point jeff and I and it's worth keeping in mind that we still have the the ability and the capacity to reduce the projections that the I. E. AS making and we we'll see you next week in a minute or two will be back with Daniels. Dinette.
"bloomberg" Discussed on Bloomberg Radio New York
"In the Bloomberg radio news room Beijing pledged to respond with unspecified countermeasures if the U. S. insists on adding extra terrorists to the remainder of Chinese imports president trump's abrupt escalation of the trade war between the world's largest economy sent stocks tumbling in the U. S. Europe and Asia trump says he's trying to knock out what he calls China's unfair advantage we can't just go and make it even deal with China we have to make a much better deal with China because right now they have a very they're playing field I don't care to get around moody's analytics economist mark Zandi says recession lies ahead if the two nations can't come to terms on tariffs the president actually follows through on these higher terrace that is the fodder for recession I mean business people are already very very nervous about what's going on they pull back on their investment spending to federal reserve regional bank presidents said they dissented against cutting interest rates this week because U. S. economic data remained solid and risk from a global slowdown in trade tensions hadn't yet altered that outlook for the reserve bank of Boston president Eric Rosengren said Friday that the case for cutting interest rates had not been compelling at the July thirty thirty one meeting Kansas city fed chief Esther George said no change was needed with moderate growth record low unemployment and a benign inflation outlook she acknowledged risks from trade uncertainty Warren Buffett has described his collection of businesses as eight Niagara of cash generation right now we can't keep up with the day lose Berkshire Hathaway reached a new record with a hundred twenty two billion dollars in cash it may not be the worst problem to have what Buffett has been struggling to find enough well priced acquisition targets to keep up the growth that allowed him to be broader markets for decades while stocks were hammered this past week bonds rallied in price sending the yield on the ten year treasury note down to one point eight four percent global news twenty four hours a day on air and a tech talk on Twitter powered by more than twenty seven hundred journalists and analysts to more than one hundred twenty countries I'm mark mills this is Bloomberg these Bergen television once we kill off the farmers this might actually end up benefiting Netflix research and data on two thousand companies and one hundred thirty industry the story for the U. S. bank the telcos naturally are moving in the content distribution I think it's a good move hello Alex stealing polls we over the next hour.
"bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg. You're listening to Bloomberg best on Bloomberg radio, June, girl, and I'm Ed Baxter, President Trump and China's president Xi Jinping might use this month's g twenty meeting as a chance to restart trade talks in June. That's according to commerce secretary Wilbur Ross, and he spoke to Bloomberg's David Westin in Alix steel. Well, I think it's always easier and better. If you can make a deal, but a deal and a proper deal aren't necessarily the same thing. President is wetted to a deal that embraces a number of very important principles first to ease the current trade deficit purchase of more goods, una current faces that's very hard because the Chinese have to buy those goods from somewhere, the second, which is harder are the structural reforms respect for. Intellectual property, not requiring partnerships, not forcing technology. Transfers opening a level playing field for market access. All of those things that take legislation regulation and enforcement. And then the third thing, which is the hardest is in case, the party doesn't live up to the terms of the agreement. What is the enforcement mechanism? What can the parties do to make sure that these deals that are written on paper become deals in reality? That's the hardest part that in many ways, that's the most important part. It's part of where the problem came in with the breakdown in the last talk. So it's a whole series of complicated issues all of which need to be addressed mister secretary. Let's also go back to Weiwei. Because that's something you and I've talked about in the past. We have some sanctions in place on wall way. We now have a suggestion from the acting director might back off on the rich postpone that while way ban. And the president of south has once again, suggests we might get folded in to normal trade deal. Is there some room there to negotiate with the Chinese, well, Zion to send it? What the acting director, though, in be suggested was nothing that has to do with the pending litigation against way in its chief financial officer, nor does it have anything to do with Commerce Department pudding while away on the list, what it does have to do with this a separate order talking about supply chain and wa ways physician in it, and the ability of US government entities to deal with it. So the wild way picture, it self is very complicated has. Many dimensions to it that, it's my understanding that the oh, Embiid concern was strictly with some technical timing issues of the third one that I mentioned mister secretary a lot of when President Trump referred to secret agreement with Mexico, can you get any insight into what that may be very long and very good secret agreement with Mexico. The real key in terms of the day, ton with Mexico is in what scrap of paper has what words on it. I think the real key is will the Mexicans do what they said, they will do in what I believe they will do namely really start to crack down really start to prevent too many people from coming in over there. So then borders from Guatemala Nicaragua second will they deal with these bans of migrants, wandering through their country toward the northern border with us? And then third will they help us deal with the problem at the northern border? We need solutions to all three components of that equation. I believe they will act in good faith. I believe you'll see for fairly short order the numbers go down if not, then they will have to be more actions. I believe where in rude to very good solution. Based on the market reaction when President Trump said that they were going to increase tariffs on Mexico every month until an immigration deal was made, don't you think it's important for Marco participants to know what that secret agreement is the most important thing is we need to solve the border crisis, and we need to get USMC pass through the congress and Bassett alight has took the formal step. He had to these v the congress. They putting forward the matter. It's now up to speaker Pelosi to decide whether to let the house bring this up for consideration we believe that if she does the votes. They are both in the house and in the Senate. So the real question on US MCA, which is after all the big thing that market should be focusing on the real key is. Will seek or Pelosi let the Bill come to the floor. Let the members debate it and let them have a vote on it. That's commerce secretary Wilbur Ross coming up the conversation continues with the focus on.
"bloomberg" Discussed on Bloomberg Radio New York
"Bloomberg world headquarters. I'm Charlie Pellett. Remove into the final hour of trading here. We've got the Dow the s&p NASDAQ all on the minus side stocks are slipping as investors grow anxious that the Trump administration won't be reaching a trade deal with China before March deadline for escalating the war right now. The s&p is down thirty four points. A drop of one point three percent. The Dow down two hundred eighty seven lower by one point one percent, and NASDAQ is lower now by a hundred and seven points that is a drop of one point five percent ten year up twelve thirty seconds with a yield of two point six five percent. What about the Federal Reserve Ali Levin is chief strategist A B N Y Mellon investment management. She was interviewed this morning on Bloomberg television. We think that the fed stands Pat for the first two quarters, at least think the realistic quarter where there might be raised is September. They'll be some effects from the shutdown in the first quarter. Numbers the rebounds happens in the second quarter. So that needs to sort of even itself out. So real number probably comes in the third quarter of where we're going in this right now, we've got gold pushing higher by three tenths of one percent thirteen ten the ounce. West Texas intermediate crude down two point four percent fifty to seventy per barrel of WTI Johnson and Johnson says it will start giving the list price of its prescription drugs in its TV ads. Johnson and Johnson shares. They're down by one percent. The drug maker will be the first to take that step tapestry owner of coach plunging. The most injured Ray since two thousand twelve after becoming Vallejo's consumer facing company to sound a wider alarm right now, we do have a shares of tapestry plunging by fifteen percent apple out with a software update for iphones, and it's other devices to fix that bug that let users of FaceTime video chat. Listen on people before they accepted or rejected the call and be be in t- buying son. Trust banks in the world's largest Bank merger in more than a decade. Beebe and tee up three percent SunTrust up by nine point two percent. Recapping stocks, lower SNP down thirty to a drop of one point two percents. I'm Charlie Pellett. That's a Bloomberg business flash. This is Bloomberg BusinessWeek with Carol Massar and Jason Kelly on Bloomberg radio. It is time for the bond report Kathleen as global economics and policy editor here with us in New York City's.