28 Burst results for "cryan"
Loren Fogelman On Shifting To A Value Based Business Model
"Welcome Lauren to the Nice guys on the podcast. Dad thanks so much for having me here, really excited about today's conversation, always happy to have someone that was referred to me directly from not only a client, but a good buddy of mine dominic Rinaldi from from his show a unplug so while that's a you're making a huge leap from mergers and acquisitions to a guy. That's a nice guy is. Is there a big big leap for you and your minders is an easy leap for you to make. My. My place is doing coming from a place of service. If I'm going to be able to serve then, it is an easy leap. Awesome, awesome well. I'm excited to have you here and I. Really Do love the idea of getting away from this dollars per hour. I mean a lot of people are are in a position where they're trading literally their trading, their time for dollars, and I love the value based model, so maybe we talk about that just to start. Can you give me maybe a one Oh one? Oh, one definition to a simple definition of what does a value based model mean when it comes to pricing. When it comes to pricing, Coming from value is actually a whole paradigm shift. It focuses on what the client values regarding your services as opposed what you value when we look at what we value, we usually value our time because we spent a lot of time preparing and getting to this level of professionalism, but that's not what Cryan style you from a crimes point of view, a highest value is what we know, not what we do. Therefore, it's an entire paradigm shift of how you even approach the compensation and Mo new clients excellent answer. Thank you for for providing that, so let's let's take it to the next step then. Then, so talk about this talk about this value based model and how it fits into people's everyday, so I'm an entrepreneur. I have a business. I have a a system that I provide in in my. In my particular case, it's podcast production, so maybe we can either use add or another example that you already have set up instead of me saying. I'm going to charge you two hundred dollars an hour or five hundred bucks an hour. Whatever it is to do coaching for you trading my time for dollars. Do we want what is a value based model? Mean to me if I'm a provider of. Of a service well, a value based motto means that you price the client, not the service, and that's where the paradigm shift comes in is because most entrepreneurs go ahead, and they priced the service what they do, but that's not like I said before what your clients really value most. Stay down your expertise when starting to think about this, you want to really understand. What is it that your clients highly value? What they focusing on is the outcome and the benefits. When we bring it back to what you do, Doug. If you do a podcast service well, the podcast service is the vehicle. It's like going. Going from Los Angeles to was Vegas. You can decide which way you want to go. You can drive a car. You can take a bicycle you could walk. You could fly, and if you fly which airline you WANNA fly on. That is what the podcast is, but what really happens is that getting towards Vegas is a particular experience. It might be getting together with people. It is about being able to get away in a way that is safe and wets may do something that I've been looking forward to then when you think about it with your clients. Why why do you really WanNa have a podcast. To do you know what that outcome benefit is that they're seeking? Oh, absolutely they're either looking to do one of three things that are either looking to build influence, build community or make money. Okay and when they are able to build influence bill community make money. What is the benefit of that? Interesting, okay to become an I think it all relates to being able to provide their services to cater portion of their markets, so it might mean selling more of what they do, but doing it in a in a variety of different ways through through becoming an influencer through community, or through just directly selling the services to people that come on the show, and and this is really the very first step that I teach is understanding who your idea is an understanding and knowing. Knowing the value, you already started to answer the first two of the three components of knowing your ideal crying. The very first one is the primary connecting with value of what is the obvious thing. If you're helping them to be able to build community or be able to expand their reach that means that more people become aware, it is one way of being able to market their services and get out there and get known as opposed remaining a best kept secret the secondary. Secondary thing about your ideal clients with what you offer them. Is that by getting out there? It actually then is going to eventually lead to opportunities that opportunities might be referral partnerships, being able to fill their funnel with new leads coming to them who connect with them, but that this is a way of being able to strengthen their business and be able to get out there and not remain best kept secrets, so that's a secondary benefit, and then there's a hidden benefit and. and. The hidden thing is what is the cost of people not working with you? Doug to get their podcast out there. Are you aware of what that might be? No, I mean it seems like that would be infinite. Possibilities of what the benefit of not working with or with or with the downside of not working with me would be well think about it. They can do themselves, or they can use you. What is the benefit of? If they don't use, you might happen. I always joke around with my clients prospective clients. I say well. You can do this on your own. You just have to go to Google and find the eighty-seven easiest steps to launching a podcast. He's going to want spend that amount of time. Doing that just takes too long to do it and you don't even know that you have the right tools if you're doing it that way. Because that, there might be a lot of costly mistakes that they make, or it could be that it takes longer for them to get found and really build their audience at because they're doing it themselves and they bootstrapping it therefore the very first thing that we covered right now as you start to value, price is knowing ideal client with that. You want to think about three things the main reasons of why. Why they coming to you, the value of having an audience expanded influence community, the secondary part of what is possible because of that now, which is that there may be filling a funnel or leads to other opportunities and referral partnerships as a way to be able to expand their reach, and the hidden chorused the thing of the decision not to work with you is that yes, they might be able to eventually. have a successful podcast, but it's GonNa. Take them longer, and they're gonNA. Make costly mistakes along the way
"cryan" Discussed on The Michael Knowles Show
"So she has to hide in the pantry until someone can come home until the cops can get there. And then outside of his house. They chanted quote Tucker Carlson, we will fight we know where you sleep at night. Tucker carlson. What cryan has Tucker Carlson committed? He hosts a television show on cable that they don't like. So they go they break his property. They defaced his property. They drew big anarchist symbols and paint on his house, and they terrify his wife, and then they threatened him where he sleeps at night. But according to Chris Cuomo. There's some good people. They have some good aims. They have some good goals. Now, we're just learning. There's a new FBI report out that antiga has been coordinating with a Mexican cartel leader to try to start a rebellion violent rebellion on the border and attack or border patrol agents and attack our military and attack or federal officials. So they were working with a Mexican cartel leader named Cobra commander whose other nickname is the Mexican Rambo. They sound like good people don't they good people. But very fun people on both sides with they were what they were working with this cartel leader for according to the F B I report is to get weapons for their group. From a Mexican cartel. And then use those weapons to kill cops and to kill border patrol agents and to cause disruption along the border. Antifa. Working with Mexican cartel leaders to buy guns to kill cops. Very good people. Very fine people on both sides. The FBI report writes quote. They were working together to set up camps to train activists and become quote community defense militias, what does that mean goes on organizers planned for the camps to be used as staging platforms from which five-person units would form to train anarchists in fighting combat and conducting reconnaissance and then launch to disrupt US government operations along the border, very fine people specifically one of the people that apparently was behind. This was an activist named Evan Duke. So you've got one of the biggest voices in the mainstream media and one of the most mainstream this guy. Chris Cuomo is at the heart of democrat politics. You also have major figures in academia and not just some fringe lunatic. Professor from Cal State LA. You've got a professor at Dartmouth College one of the oldest colleges in the country older than the United States. Mark Bray going out and saying the same thing. Chris Cuomo just did accept even a little bit more clearly in Thika. Yeah. They can be pretty good people the question if we take a big step back store. Clean say. All right. When was it? Legitimate to stand up and defend oneself against fascism in the twenties and thirties. How bad they'd have to get. Now today is not the same as the twenties and thirties. But there are enough parallels for us to be having this conversation. And so the question is how bad is it have to get to defend themselves. Anti-fascists argue you don't let it take the first step you stand up to sometimes in a preemptive self defense, and that sort of something that people have trouble grappling with. But they argue don't let it grow powerful enough. Until it's actually at your front door. Well, I mean, that's a fairly controversial thing to say preemptive defense, meaning you hit. I that's going to rub. Some people the wrong way. Obviously preemptive self defense. If that is not the most Orwellian phase you've ever heard violent peace, peaceful war preemptive self defense. Speaking of safety ring's mission is to make neighborhoods safer. You know about ring. I talk about it all the time. Ring has a smart video doorbell camera that can protect millions of people everywhere. And does ring helps you stay connected to your home anywhere in the world..
What Happens to Donated Blood?
"Jerry Lewis v. Wave seditious incur Kobe also Amy wine-house, Johnny cash and more disgrace them rock and roll true crime podcast stories about musicians getting away with murder behaving. Very badly is available now posted by me. Jake Brennan, you can listen to disgrace. Then the I heart radio app apple podcasts or wherever you get your podcasts. Welcome to brain stuff from how stuff works. Hey, brain stuff, Lauren Vogel bomb. Here. This episode talks about blood donation. So if that's the kind of thing that makes you go on and skip it, okay? Every two seconds in the United States someone somewhere needs a blood transfusion. And let's face it. Money of us. Don't consider giving blood until there's a major disaster where donations are needed. But just one donation has the potential to save up to three lives. On average. When you donate blood, you provide about one pint that's about half liter of whole blood, which is called a unit of blood and for reference that's about sixteen ounces or the size of a large coffee. But in the US alone. There's a need for almost thirty six thousand units of blood every day. So it's excellent for those who can donate to do. So, but have you ever wondered what actually happens after your blood is drawn for donation where does it go, and how is the process tracked for safety and security? We'll break it down step one is collection. When you donate blood. It's collected a special bag, and luckily, if you test tubes that were developed with an antiquated prevent the blood from clotting each bag and test tube is assigned the same unique ID number to ensure that the collected blood can be properly tracked in eventually labeled then the blood is placed on ice before it sent to the lab for testing. Next the bags and test. Tubes of blood are packaged in boxes specially made to keep blood at the right temperature until it can reach laboratories for step to processing the test tube. Samples are sent off to the lab for testing to be sure the blood is safe and to determine the blood type in the US, the FDA regulates blood testing collection and blood components through center for biologics evaluation and research while that blood is being tested, a blood processing center, verifies receipt of the whole blood sort of like tracking package from post office through delivery. The bloods, ideas checked in at every step of the way. Next, the units of whole blood or separated into specific components. The separation process, which is called component therapy is accomplished by spinning the blood and a centrifuge the heavy red cells fall to the bottom and the blood is divided into trance fusible components red cells platelets and plasma the plasma might even be processed further. For instance, plasma can be separated into crow precipitate called crow for short, which helps control the risk of bleeding by helping blood clot. The red blood cells plasma and platelets are then heat sealed in bags to ensure they remain sterile and the components are stored while they wait for their test results plasma in cryan contain proteins that are pretty stable. So they can be frozen for up to a year negative twenty seven degrees Fahrenheit, that's negative thirty three celsius. Red cells are more delicate and have to be refrigerated, but can be kept for up to forty two days as long as they're held at forty two degrees Fahrenheit that six degrees celsius platelets must be used within five days and are stored at room temperature in agitators that rock them back and forth until they're transfused into a patient. Through all of this. The blood processing center is still tracking the donation including manufacturing data. What centrifuge was used to separate the blood? And what time the work was performed once they get an okay on the blood tests from the lab, the components are ready to be deployed they print labels with information, including the blood type and expiration dates, which they then affixed to the bags if the blood is deemed unsafe during the testing, it's tagged with discard labeled complete the tracking cycle when a hospital or treatment center places in order for blood or plasma components are shipped off in temperature safe boxes when they arrived, the medical staff, double checks them for safety. And finally, they're ready to be transfused into the patient who needs them the entire donation to shipping process can take up to three days, which doesn't seem like a long time. In till there's a major disaster or blood shortage. The American Red Cross says blood supply usually keep up with demand because only about three percent of people eligible to donate actually do. That's why it's such a boon to donate if you can especially if you're a universal donor with type O-negative blood. This can be transfused into any patient with any blood type the American Red Cross estimates about forty five percent of people in the US have typo blood. But the overwhelming majority of those people are positive, which is lucky for them because it means that donated components are more likely to match their common type. But it also means that just seven percent of people are type O-negative that universal donor. This episode was written by Shelley dancy and produced by Tyler clang for I heart media and housed of works for more on this and lots of other topics. Visit our home planet. How stuff works dot com. Hey, brain stuff listeners today. I wanted to tell you about another podcast how to money, which is not your typical personal finance podcast, the hosts Matin Joel are best friends. Aiming not to lecture you but to make conversations about money. Interesting informative even fun every Wednesday. They cover real life money topics like ways to cut your grocery Bill. Why your house is an awful investment, and how to achieve financial independence, if you kind of second money, or if you just want to learn more about how you can support yourself and your future, you can listen and subscribe on apple podcasts, I heart radio app or wherever you get your podcasts. Just search for how to money.
Deutsche Bank queried by U.S. House panels on Trump ties
"But there's this anecdote you guys have about Trump Deutsche Bank. And that's in the piece where you mentioned that you say to win financing from Deutsche Bank to build a Trump hotel in Chicago, Mr. Trump, personally, guaranteed forty million dollars of the debt when he could not make his payments during the two thousand eight financial crisis. Deutchebanks executives were open to granting him more time to repay the loan. Thanks to each Bank. But before a compromise could be reached Trump, flip the script. He filed a lawsuit and argued the Bank had helped cause the worldwide financial meltdown that essentially rendered Mr. Trump unable to make his debt payments at the time to Bank, call the lawsuit. Quote, classic Trump the Bank eventually settled with Trump saving him from having to pay the forty million dollars. Mr. Trump expressed his gratitude to the lawyer who fought on his behalf by what not fully paying his Bill. He left me with some costs said, the lawyer, Stephen Slesinger with friends like these Maggie who needs enemies. I I wonder if that behavior reminds you of twenty seventeen when Trump basically cut the short-term spending deal with Pelosi and Schumer, aka cryan, Chuck Schumer and Mansi Nancy Pelosi. I mean, do Republicans should Republicans be looking at this example, or generally his behavior of no alliances really that you should depend on it anytime as as a cautionary tale. No, I think if they wanted to look at it a cautionary tale that that that ship has sailed I think that they could have attended as a cautionary tale awhile ago. They've known the cautionary tale exists, and yet they have continued to walk out on tree branches for this president only to have him saw off, you know, a little time. Later, for instance, current shutdown. Remember this happened after Mitch McConnell passed a continuing resolution through the Senate because he was told that the president was going to sign it. And then it was, you know, blown up in the house or by the president's allies who got him to abruptly pull out of it. So he has done this over and over again, and you'd constantly here in twenty teen concern, especially from Republicans in the house in marginal districts that the president was going to try to push them to take positions that were very problematic for them. And then he might not be there later, and so one of the things that I think the term is holding the bag only one of the things that people who have done congressional negotiations have said to me over and over again is that the key piece here is consistency. And it's a little less significant business, but consistency in negotiations is always really important because you know, who's sitting on the other side of the table. You know that you can trust what they're saying. You know that the fulcrum is not gonna shift, you know, suddenly, and that's just not the case with him. So. So it's all over the place people in the hill doesn't even know who they're supposed to be negotiating with there's Pence. There's there's Mick Mulvaney. There's Jared Kushner there's the president himself throwing himself in. Sometimes this is this is not how you do it. There is a similarly antagonistic story from the late eighties. When Trump tries to develop Manhattan's west side rail yards, and he gets into a public brawl with then Mayor Ed Koch who he had been asking for a seven hundred million dollar tax break. This is from reporting in Bloomberg at one point Trump's at the mayor had quote, no talent and only moderate intelligence. This is a I mean, you could really use that same phrase for any number of Trump's adversaries in the present day and Trump said that the mayor should be impeached. Ed Koch would do everybody a huge favor if you would get out of office, and they started all over again, the bluster and the the throwing people who you need things from under the bus behavior is I it's amazing. To actually see it play out in the eighties. And here we are in twenty eighteen and I feel like the exact same thing is happening all over again. It's reasonable to argue that we are living in a Tom Wolfe novel for the capital actually, interviewed him
"cryan" Discussed on KDWN 720AM
"And take a giant wrecking ball to our economy and to our future. America now has the best Konami and the history of our country. And we wanna keep it that way. But of Chuck Schumer cryan, Chuck as you plus. And the legendary Maxine what? Take power. They will try to a racer gains in our progress was going to happen. They're going to work hard. And we will be fighting will be it will be ridiculous. Democrats are targeting Twenty-one house districts carried by former President Obama in two thousand twelve shifted to President Trump in two thousand sixteen districts now testing the strength of a Trump era political realignment, President Trump acknowledging Democrats might retake the house Tuesday focusing on Senate races. The president has zero in on immigration reform RNC chair Ronna McDaniel told CNN while the economy strong. The message highlights what she considers resistance from Democrats. And you know, the immigration issue is something that's that's relevant right now with these caravans coming to our country. We've got to recognize that we have not passed comprehensive immigration reform. It's something that's a problem. We have to face together as Republicans and Democrats and highlights once again, how Democrats have refused to work with this president on anything. They didn't support the tax cuts. They didn't support deregulation. They won't come to the table on immigration reform, all these things together show. What our message has been results. First resistance. We have a record of results over the past two years lives are better our country's doing better. Democrats haven't come to the table to work with this president on anything actually, quite literally Democrats and Republicans came to the table to talk to President Trump about immigration reform, and they thought they had a deal, and then ultimately, they did not have a deal and one of the reasons was President Trump insisted on changing immigration laws and not just working on immigration reform. But to your point about whether or not the president is emphasizing the good economic numbers more so than fearing undocumented immigrants didn't take a listen to the president explaining why he is emphasizing the caravan as opposed to unemployment take, listen, they all say speak.
"cryan" Discussed on WAFS Biz 1190
"You. Bob, the midterms just days away Democrats counting on anti-trumps Sanomat to create a so-called Bluewave Republicans are riling up the base and moving money around to protect their majority. President Trump is also on the stump. A vote for a democrat. Is to surrender congress today. Pelosi cryan Chuck Schumer. The great Maxine Waters. That's the beauty. All right. Let's get more on this from Bloomberg news, congress editor Joe subject. Let's talk about what is happening in Texas. Senator Ted Cruz really fighting to keep his Senate seat in deep red, Texas that strikes me as unusual. But you are the pro it is unusual. But in the end, the fundamentals in Texas are gonna favorite Ted Cruz. They're just more Republicans in the state right now that there are Democrats. It'll be much much tighter race than Ted Cruz certainly expected beginning of the year or anyone expected really the bigger effect will probably be down ballot. There are two house districts Pete sessions and suburban suburban Dallas, and John Culbertson and suburban Houston who are very much endanger, and probably it could be the case that the Oregon through some polls their opponents over the wine those seats turn out predict. Actions outcomes. What are you watching specifically nationwide? Really well turnout is going to be a big thing. The the early voting suggests that there will be a big turnout possibly a record for a midterm election. Something approaching what we would see normally in the presidential election. There's a lot of enthusiasm and Democrats generally are running scared. They are learning the lesson of two thousand sixteen that they can't take anything for granted Republicans are just as energized by the president's and by the cavenaugh fights. So this is going to go down to the wire lot of these house districts where we're seeing Democrats leading those are still leads within the margin of error. So it'll be pretty tight are you watching the gubernatorial races. There's thirty six states that going to be voting on their next governors. That's significant. Yeah. It is. There are Republicans are having to defend twenty six of those states and the numbers work against them. There are in peril. In Wisconsin, Ohio. Michigan Illinois, Florida. Those are all big states where the the governor will have some control over the redistricting that will occur with the twenty twenty cents and the redrawing of maps. So it's sort of it's sort of a long term play for the Democrats take these governor's seats and hopefully for them. They are gorgeous. They're trying to reach some some measure of parody with Republicans in state, legislatures as well, how are teachers going to have an outsized impact on this election? I read something about that educate me. Well, there were a number of teachers strikes in West Virginia. Oklahoma Arizona legislatures are Republican controlled responded with higher some higher taxes in some cases, raising teacher pay. And now, there's a just a record number of teachers who are running for office. Most of those at the state level is likely to play out, for instance, in Wisconsin. Where the candidate shelving Scott Walker who was known for cutting budgets. In the state is is an educator. So they are going to be a force to be reckoned with. It's not it's not going to be sort of overwhelming. Tide of any sort. But it is one of those things that long-term may have an impact. Now is there anything that you can watch the civically that sort of polishes? The crystal ball that it helps the tea leaves make a little bit more sense. Are there just too many variables to be able to predict anything? Well, there are a lot of variables. There is a reasonable expectation in the consensus forecast of independent forecasters that Democrats are likely to take anywhere from from twenty to thirty five seats in the house. There's less chance of that happening in the Senate. They're the Democrats have a very difficult map in states that Trump won in two thousand sixteen. But again, a lot of these races are very very close. Polling is very sparse. And in some cases, nonexistent and some of the competitive races. And the March. That we're seeing are are very narrow. You look at the the nationwide. Congressional generic ballots and Democrats have a healthy lead there, but you have to consider that that also includes a lot of stroke strongly democratic districts in densely packed urban areas. So it does tend to skew the national poll on Bloomberg news, congress editor Joe subject. Thank you so much. That's what's happening in the nation's capital. I'm Amy Morris. You can catch me weekdays at noon, Wall Street time on Bloomberg politics policy, power and law here on Bloomberg radio. Bob. Thank you, Amy still ahead on Bloomberg daybreak weekend. We look ahead to earnings from apple and Facebook. I'm Bob moon. This is Bloomberg. There's nothing small about your business..
"cryan" Discussed on KTAR 92.3FM
"Charge for induction next year into the rock and Roll Hall of fame also making the ballot for the first time Todd Rundgren singer songwriter. John cryan Roxy music vivo Fleetwood MAC's Stevie nicks. For her. It would be one for the record. Buff says rock hall president and CEO Greg Harris. It would be the first time a female artist is inducted for a second time after being in a group the class of two thousand nineteen will be announced in early December fans can cast their vote to at the rock and Roll Hall of fame website. Yeah, you can. So the way it works is they take some of that. So you know, you go in there, and you cast your vote, then it sends out a thousand ballots to other artists people in the music industry, critics and things like that. And then they put everything together and wa you have it. Now. It's a no brainer for me of all of the people. That are getting the first look this year. The def Leppard is in Stevie nicks. I dunno new Janet Jackson diva Radiohead, a few more. But the really you Todd Rundgren John Devo Roxy music this def Leppard right period case closed, but. Who didn't get in as far as at least the invite to be on nomination. I feel we heard a few. But now, they're releasing the other names we talked about back. Dave matthews. Blink one eighty two. And to be part of this whole thing you have to released your first commercial album with twenty five years ago. So essentially nineteen Ninety-three is when you had to have debuted bones thugs in harmony, right Counting Crows Depeche mode. Now, I find this weird that they didn't get a nod at least to be nominated because I think they've done enough Jane's addiction. You know, what Perry Farrell his own probably. So you gotta put Jane's addiction in their Jeff Buckley, Judas, priest Kate Bush, nine inch nails Outkast Sheryl Crowe rusher. And get ready for this. Phil snoop Dogg was denied. LL cool J, but not snoop. Really? Really? I don't know about that. But the only one out of all of this that I see that is absolutely a must that is going to get in. There is these cats. about this for second fill. You don't have to give all full awards to everybody. Oh. Was that wrong that was wrong? But funny, here's why don't they get sore for those who do not score their tremor has one arm and he was a drunk driving accident, right? I don't remember if he was driving drunk or if he just lost control. Yeah. So so Chad doesn't make any wrong come on everybody laugh, and I love the fact that def Leppard, right? Like, they first of all they sold one hundred million copies of their albums. Secondly. And this is most Rick Allen, right? He's a drummer. Yeah. That's him. Yeah. So. That I think if I'm correct they they weren't gonna continue with Rick couldn't do it. So they had to build a special drum set to you know, it was December thirty first him and his girlfriend countryside trying to pass a card high-speed lost control of his vet. And it was it was awful. It was horrible. But they they built a special. With the call by was it world win. No. Yeah. Four electric pedals for left with the play the pieces he used to play with his other hand. So. How is he Phil? Like, you you're drum, dude. I mean is he still kick ass. I went to see them on the first tour after that was it was just amazing. Yeah. It is. It is it is they're they're incredible. Joel Elliott's their lead singer Joe is. They are trying to explain to people they've sold. Well, over one hundred million copies. They've got to albums that have sold over ten million copies in the us alone. Yeah. The biggest selling band of the nineties, and you guys can send your hate mail. I'm okay with that. It's okay. That's the beauty of comedy is. We we look at a line. And we kind of get to it. We cut across it. Three two three five three eight twenty four twenty three at Chadbensonshow. Is your Twitter coming up next is a guy who's going to get hate mail for? And I'm okay with that. But when people ask why don't you have people on the left on as I explained earlier, I invite everybody to come on the show, everybody laughed, right? It doesn't matter. You know, who takes the invitations more often than not the right side of the aisle. Corey Lewandowski is gonna join us. Yeah. Former campaign. Manager for Trump. He's gonna join us right now. He's working needs to senior adviser for vice president. Political action committee. He's going to join us. You can talk about stuff that happened today. Right. Like this morning with Nikki Haley, we're gonna talk about cavenaugh. We're gonna talk about two thousand twenty because I have an interesting question about who. I think if the Democrats are smart they would put up to run against Trump. But we all know that they aren't going to do that. We'll talk about that three two three five three eight twenty four twenty three at Chadbensonshow is your Twitter C H A N S O N, Corey Lewandowski straight ahead. Chad Benson show. Are you fifty or older? Okay..
Hundreds block Pittsburgh interstate in police shooting protest
"High school student was planning to open fire at his graduation ceremony abc's brian clark has the story law enforcement officers in southern new jersey said they were told of a social media threat to open fire at graduation for new egypt high school the ocean county prosecutor's office says an investigation led them to nineteen year old matthew vanderbeek and while serving a warrant on his cream ridge home they found he had allegedly made the threat and was trying to obtain a gun he's been arrested and charged with third degree terroristic threats with a threat to kill and second degree charge of attempting to possess a firearm for an unlawful purpose the already say there's no threat to the community or the graduation brian clark abc news for the second night hundreds of people in pennsylvania take to the streets to protest the fatal police shooting of a seventeen year old boy protesters demonstrated outside the east pittsburgh police headquarters last night before marching through the streets shutting down a major interstate antoine rose junior was shot by a police officer tuesday after he fled from a traffic stop a video of the confrontation shows the officer firing three shots seconds after antoine and another passenger or seen dashing from the car a lawyer for antoine's family says the boy did not pose an immediate threat to anyone an eight hundred pound chunk of the uss arizona battleship that sank during the bombing of pearl harbor is heading to texas the arizona went down with eleven hundred seventy seven men on board many of whom remain entombed there the texas panhandle warm memorial in amarillo will receive part of the battleships weathered wooden deck and rusted hull the navy cut the section from a piece of the zona that was removed when the memorial was built over the ship decades ago devoting immigration policy overrode tolerance cryan family separation trump signed an executive order to end family separating ongoing debated need executive orders simply pick up the phone call jeff sessions and say stop the policy the lingering controversies finally secure our border the news watch never stops wbz newsradio ten thirty wbz news time five twenty three traffic and weather together the subaru retailers of new england allwheeldrive traffic.
Deutsche Bank announces major overhaul of investment bank
"We're just getting through figures out of doce bank this morning deutsche bank saying that it's going to add the cost cutting measures to reshape its corporate and investment bank the investor focus of course in connection with firstquarter earnings from deutsche bank very much on the strategy going forward as we've recently seen a management reshuffle with christel saving now being the man in charge at deutsche bank notes john cryan as the case previously was don't you bank is saying as i say that it's taking action to reshape the corporate and investment bank it is adding to costcutting meshes adoc mike is also saying that it is to meet and may improve the thousand adjusted cost base all and the red headline on the bloomberg terminal this morning deutsche bank is to scale back the us rates and review global equities first quarter profits after tax coming in at one hundred twenty million euros but as i say perhaps the focus is more on the strategy over at germany's biggest lender and less so the figures in and of themselves let's talk through what's happening elsewhere in these markets there was a mixed performance by us equities last night in asian shares are taking a page out of that playbook technology shares have been gaining after samsung earning stopped estimates and.
Ceo, John Cryan and Deutsche Bank discussed on
"Department dropped to although most agreed travelers complained directly to the airline and carriers don't report those numbers steve potisk bloomberg radio deutsche bank has turned to one of its veteran employees to revive its fortunes retail banking executive christian saving has been named to replace ceo john cryan in a letter to staff today saving said that deutsche bank must clear out unneeded bureaucracy and be faster at making decisions coming up emily tanks interview with sofi ceo anthony noto i'm abigail do little this is bloomberg it only takes a long time no see it's me the rock t shirt in the back of your closet.
"cryan" Discussed on Monocle 24: Midori House
"Leads it's funny we took ing 'bout carol political party leadership is it enough to just change the encumbent at the top desk or diaw tornado and i got a slide savings politics at a cultural shift will it does seem as though the bank here is looking from bigger cultural shift than it has had under john cryan i i german should say that he he's has a real munnich vacheron d to of the company reduce he somebody you the actually bank's losses joined when during he was his a teenager time in and power he he's though no it did xs still lanin investment lose banking he's more interested neely in retail five hundred million banking euros and i think lost year so the idea e he has is still that gone he's gained to a bring bit of a way a a raw to all the go different approach but this was a bank to all which of this he's less sent note out forgets a letter focusing only two or on three years ago cutting was considered costs the most dangerous and bind i think kick in the the hope world is so that he he has will bring pulled it a back from different the brink approach i'm which will but it seems perhaps as finally though stabilize there is this a feeling bank within an the unpublished bank more it widely back that they on a need more stable a raw the different approach in is interesting that they have gone for this newly leader christians ju searing who is he he's jerk.
"cryan" Discussed on KBNP AM 1410
"The over the weekend was that you know he he was in charge of the retail banking doce and so it looks like the retail bank one over the bank but i mean maybe i shouldn't be that surprised because you know they the instead of getting the postbank as they announced several years ago they decided to keep it last year and they tried to integrate it so looks like deutsche bank is trying to become more of a retail bank i don't know how great idea that is because we know germany has more retail banks than it knows what to do with them as my book in two thousand eleven explained at length so this is this is all sort of shifting from the bank the retail bank side and that's that hasn't been profitable for a long time and and and i don't know how does she is going to really make the deal the turnaround on on its retail side i mean it's it's very interesting yaman can you explain why john cryan is leaving well it looks like they you know the the chairman and the ceo or definitely not agreeing on things and you know they were at the end they were really blaming each other right there were reports that basically said he was almost out of the job and then there were reports that said the chairman was probably going to be out of the job which meant basically they were just you know on background people they were leaking cost them or leaking us that that the other was to blame so you know the chair wants to because poor performance was because he didn't do something the performance has been bad deutsche bank has has has really trailed behind all that old rivals on everything their trading their mess banking has fallen a lot in recent years there were years when everybody fell but then people started recovering including european banks and don't your bank has not recovered and us banks have been covering much faster they're really grown they've got grab market share so i mean excuse that's given is is that it was the immplementation of the turnaround strategy failed you know whether the strategy was right whether whether it could be implimented and who's really at fault is it the ceo or is there more going on politically in germany.
"cryan" Discussed on KBNP AM 1410
"I'm sure matt when they were the ones that you can do in the united states but sunny it is available on sirius xm let's do a little bit about what's happening with the markets this morning budget stories that that are worth focusing on the first one is storage bags let me just tell you what doj bank is trading this morning it's up by three point six eight percents this after we had news over the weekend the we knew how we have a new ceo john cryan is going christian seven is going to be taking over he is an internal candidates don't you mike is trading up around three and a half percent right now but fairly flat versus the friday close the story i want to bring you as well as the russian market is under a great deal of pressure this morning stocks like russo really under pressure on the sanctions story the russian market is down by three and a third percent this morning to keep an eye on that stocks trading up around half of one percent the dax is up by four one percent as we watched the german banks and the german banks story more broadly than just torture but commerzbank another stocks trading as well you eurodollar trading at one twenty two eighty dollar yen trading at one thousand seven twelve right now a us ten years yielding two point seven nine matt's a german tenure is yielding point five hours we're watching very carefully to see how that story is going to develop throughout the day german story i think fascinating style number of fronts but deutsche bank absolutely front and center but german politics probably looking east this morning as well man for sure looking at hungary after the prime minister their picture or bon scored a crushing election victory winning a fourth term in charge of the country with a huge majority it's ontrack his party is to repeat the two thirds majority that wanted previous the previous two elections i think last i checked there is ninety seven percent of the vote canada or something and he'd gotten i think one hundred twenty nine of one hundred ninety nine seats allowing the party this this majority would to change any law without opposition support that's what you get when you win almost all of the votes in an election let's talk about a little bit more more about what's going.
"cryan" Discussed on Bloomberg Radio New York
"The headquarters of the metal worker's union outside south follow global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm markus karlsson this back matt markus thanks very much for that now let's get back to our top story of the morning changes at the top of deutsche bank the supervisory board has named a new ceo to replace john cryan as part of a sweeping overhaul of senior management christian saving will take the reins he's a bank lifer currently heads the banks private and commercial arms he's a co deputy ceo or he was before he became the boss let's get more with bloomberg intelligence banking analyst arjun bowery arjun why is saving going to be any different than cryan i think that's a good question i think one of the things that the supervisory board are hoping for is that saving we'll take a more aggressive line on costcutting one of the big disappointments with john cryan was the fact that deutsche bank had to wrote back on their cost target for this year which was twenty two billion euros and went up back to twenty three billion euros and they're hoping that christian saving will take a more aggressive line on costcutting and within that i think that means most likely a review of the investment bank and possible cutbacks at the investment bank as well why is this happening now change significant that is taking place that means that we're seeing this upset at deutchebanks it's hard to pinpoint one specific thing i think it's it's been a combination of a number of disappointing quarters deutsche bank in terms of their trading performance and one of the things i think that really disappointed the market just a couple of weeks ago when the cfo deutsche bank flagged that one key trading revenues wouldn't be materially higher than a year ago and that was in part due to the weak dollar they still have a sizable us business which obviously the revenues against be lower in in euros but i think that was a big disappointment especially given the market expected in period of high volatility trading revenues to pick up materially.
"cryan" Discussed on Monocle 24: The Globalist
"Seven forty three here on the time to talk business joan detroit's future finance or at and i'm delighted to say he joins me on the line now john welcome to monaco twenty four letters begin with the sacking of john cryan ac of deutsche bank good morning yes you know this was seemed to be somewhat anticipated by markets this story had been swirling in the press for a few weeks it was expected that crown be going out before too long but now we know who's taking his place and the bank supervisory board has named christian suing who's been with the bank really since he was a teenager as cryan successor and this was all the result of emergency meeting which ran late into sunday night a reported losses of five hundred million euros in in in in february how much of a mess is deutsche bank in well it it is a mess and cryan was just not turning the ship around quickly enough and you know you look at christian suing letter to to the staff to to to his colleagues and number two he named three three he kinda still his priorities and he said you know cost cutting is vital in the fourth quarter is not to be repeated any circumstances so you can tell already where his focus is going to be let's move onto the next subject we've been talking about china and russia trying to read rejig the welder in the in the next couple of years but donald trump seems to be playing sort of isn't as mexican stand of between beijing and washington of who's going to blink first in the trade dispute.
"cryan" Discussed on Bloomberg Radio New York
"And analysts in more than one hundred and twenty countries i'm young guarantee this is bloomberg marcus very much indeed leeann sounds quite pleasant but did you reduce now let's get back to our top story of the morning deutsche bank has named kristen saving chief executive officer ending john crimes ten year after less than three years europe's largest investment bank has said goodbye to three ceos in six years amid pressure from investors to improve profitability and reverse a share slump joining us now in our london studio is bloomberg intelligence analyst our jim barry a very good morning to you arjun so the question now is as pose why christians living bankers that to take the job i mean the the extent of the restructuring still needs to be done at deutsche bank is vast and added on top of that you've got the political pressure from berlin as well and i think all in all it just made sense to appoint an internal candidate i didn't think they have much choice and that restriction a very good morning to you it's manas here in divide that restructuring i one of my favorite lines is from doubleday sarah base and said you not goldman sachs and you need to retrench in the united states for america and tacitly admit that you not go and that you should not be putting capital to play in the market that you will not make money on i think that's a very fair point i think certainly an and i think that's something that actually is going to be revisited now one of the issues that the supervisory board seem to have had with john cryan and the now departed codeputy marcus schenk was that they hadn't been cutting costs fast enough and so it's sandy seems that one of the reasons for appointing christine saving is that they hope that he can he can cut costs costs faster and the fact that he comes from a retail banking background means that maybe he's not so wedded also committed to the investment bank as as some of his predecessors were yeah he's been talking tough this morning the the new ceo saying that the expenses targets is non negotiable look we're going to get fresh figures from deutsche bank on the twenty sixth of april when it reports firstquarter earnings what might we expect in what kind.
Deutsche Bank's new CEO plans investment banking review
"Then with the deutsche bank story i was just breaking if you lines earlier deutchebanks supervisory board has named a new ceo to replace john cryan amid a wide overhaul of senior management co deputy co kherson saving doce lifer who currently heads the banks private and commercial arms will take over immediately as part of this reorganization goth richie is promoted to sold head of the securities unit and will become deputy co europe's largest investment bank has seen three top leadership appointments in six years amid pressure from investors to improve profitability let me also bring you up to date with another corporate story that we're watching for you some breaking lines across the bloomberg terminal in just the last twenty minutes novartis has agreed to acquire a vexes inc for eight point seven billion dollars to expand its position in gene therapy swissbased novartis is buying a vexes a bannockburn illinois general gene therapy company for twenty one to two hundred and eighteen dollars a share which represents a premium of eighty eight percent to the company's closing price on friday this transaction was unanimously approved by the boards of both companies we're hearing this morning.
"cryan" Discussed on WAFS Biz 1190
"The market open here in the emirates device been on a five day losing streak on the week volumes fifty percent of the three month average you're looking at bloomberg dollar index that is flat as we speak risk appetite creeping back into these markets and us equity futures called quite a bit higher on the s and p five hundred mini about six tenths of one percent let's get you a quick check of the headlines as well from around the world go back out to debra president trump says china will dismantle trade barriers as the standoff between the world's two biggest economy widens he's tweeting that beijing will act because it's the right thing to do suggesting a deal will be struck on intellectual property rights and the top members of the president's economic team continued to suggest a trade war can be birded framing the moves as part of a longterm growth strategy georgia banks supervisory board has named a new ceo to replace john cryan amid a wide overhaul of senior management co deputy co christian saving georgia lifer and currently has the banks private and commercial arms lenders biggest revenue source is trading stocks and bonds and income has slumped thirty two percent since the end of two thousand fifteen a new survey suggests most britons now support holding a vote on the final brexit deal hammered out between london and brussels the yougov poll for the pro remain group best for britain says the public should have the casting vote on whether to accept the agreements the head of saudi arabia's stock index says it's almost ready for the aramco ipo khalida dula alhassan told bloomberg todd will will be good to go on the listing whether it's this year or next no will come this year or later that's a decision by the government the saudi stock exchanges making gold necessary i'm changes to this here by actually the beginning of second hop godless when the digital gaming qatar will meet investors later as a clans its first dollar denominated bond sale in more than two years officials will meet potential buyers in the uk and the us this week and the government is working with credit suisse and joint bank on an offering that sources say could include five ten and thirty year notes qatar last sold bonds internationally in two thousand sixteen when it raised nine billion dollars global news twenty four hours a day powered.
"cryan" Discussed on Bloomberg Radio New York
"And the ad council thirty am and ninety minutes away from the market open here in the emirate device been on a five day losing streak on the week volumes fifty percent of the three month average you're looking at the bloomberg dollar index that is flat as we speak risk appetite creeping back into these markets and us equity futures called quite a bit higher on the sp five hundred mini about six tenths of one percent let's get you a quick check of the headlines as well from around the world go back out to deborah mount president trump says china will dismantle trade barriers as the standoff between the world's two biggest economies widens he's tweeted that beijing will act because it's the right thing to do suggest the deal will be struck on intellectual property rights the top members of the president's economic team continued to suggest a trade war can be averted framing the moves as part of a longterm growth strategy georgia bank supervisory board has named a new ceo to replace john cryan amid a wide overhaul of senior management co deputy co christian saving georgia lifer and currently has the banks private and commercial arms lenders biggest revenue source is trading stocks and bonds and income has slumped thirty two percent since the end of two thousand fifteen a new survey suggests most britons now support holding a vote on the final brexit deal hammered out between london and brussels the yougov poll for the pro remain group best for britain says the public should have the casting vote on whether to accept the agreement the head of saudi arabia's stock index says it's almost ready for the aramco ipo khalida dila alhassan told bloomberg that toddler will will be good to go on the listing whether it's this year or next the saudi market will come this year or later that's a decision by the government is hardly stock exchanges making gold mississippi i'm changes to the this year by actually the beginning of second half godless when the decision me qatar will meet investors later as it plans its first dollar denominated bond sale in more than two years officials will meet potential buyers in the uk and the us this week and the government is working with credit suisse and deutsche bank on an offering that sources say could include five ten and.
"cryan" Discussed on Bloomberg Radio New York
"The new ceo to replace john cryan as part of a sweeping overhaul of senior management on the co deputy co christiane saving is a deutscher lifer and currently heads the banks private and commercial on let's get more on the story of bloomberg's matt miller joins us live from frankfurt matt then all all stakes stakes are set for for what is likely to be a turbulent twenty four hours okay we seem to have a bit of a calms problem with matt he's just getting himself parched in as soon as we got that we will get straight back tim you're right i mean it is a life that's taking over john cryan steps dine this guy savvy saving has been there since nineteen eighty nine john cryan the less than three years of big big big structural change i'm big admissions for sure and also if you look at how the deutscher stock is performing in the lead up to some of this news was close two point six percent a moderate trading volume the last trading day forty two percent obama's covering the company changed their price targets over the past month which is fascinating given that the news is this very reason i think it's gonna come down to whether you think that the chairman still has legs people would say that he didn't handle the crisis very well out mar doubleday sarah who's a regular with us he caught up with francine in chernobyl just over the weekend davide sarah makes the point that doj bank must face the fact you are not goldman sachs it's about the use of capital in the united states of america which is where they have their investment banking arm do they need to retrench from the united states of america davide sarah would make the point you're not goldman's and he says it would be reckless to think that they can compete with the united states so it's weather it is that salving actually will do that he's a lifer becomes out of the retail side of the bank raw the investment side of the bank so that is a fundamental change in terms of culture retail will dominate it's very similar.
Trump begins initial preparation for possible interview with Mueller
"Abbie's that need to be considered we look at obviously road conditions weather conditions mechanical conditions of vehicles for example as well as the condition of the drivers that their operators at the vehicles the president is getting ready for a potential interview special counsel robert muller who is investigating russian meddling in the election and any trump campaign ties to moscow correspondent abbie fell our sources tell us that these preparations are in its infancy and what the president's attorneys are doing is essentially giving him a sense of what the topics are that he might encounter if he were to sit down with mahler some top trump aids are concerned about any muller interview i'm ann cates and i'm susanna palmer from bloomberg world headquarters chicago fed president charles evans says the federal reserve should continue gradually raising interest rates that's if data on consumer prices available by the central banks mid june policy meeting indicate inflation will soon reach the two percent target evans speaking to reporters today following a talk at the university of chicago federal reserve bank of minneapolis president neil cash karis that he's sympathetic to the need to press china to engage in fair trade yet emphasized it's too soon to assess the full impact of the us china trade spat on the economy on fox cash curry said china has been carrying out a one sided trade policy for many years some thirty percent of air france flights were cancelled today this as strikes over pay raises appear to be intensifying people familiar with the matter say deutsche bank plans to clarify ceo john cryan future this weekend this as chairman paul act lightner faces pressure from key shareholders to take action cryan has been unable to restore revenue growth at deutsche bank sky news reports barclays plc is starting the process of replacing its chairman saying john mcfarland is expected to.
Saudi Aramco, Jared Kushner and University Of Chicago discussed on
"The smallest gain in five months michael toscano washington and parents have quintuplets born in phoenix last month are praising the healthcare staff who helped them welcome five healthy babies into the world the three girls and two boys were born on march twenty first i'm ann cates and i'm susanna palmer from bloomberg world headquarters recode reports instagram is cutting api or application program interface access for some developers and limiting it for others this has to do with data collecting and comes in the wake of facebook's efforts to cut back on data access after the company's cambridge analytica privacy scandal people familiar with the matter say deutsche bank plans to clarify ceo john cryan future this weekend as chairman paul act lightner faces pressure from key shareholders to take action deutchebanks supervisory board is set to hold a call sunday evening to discuss crime fate the people said cryan has been unable to restore revenue growth at deutsche bank sky news reports barclays plc is starting the process of replacing its chairman saying john mcfarland is expected to step down at the british bank's annual meeting next year chicago fed president charles evans says as the federal reserve should continue gradually raising interest rates if data on consumer prices available by the central banks mid june policy meeting indicate inflation will soon reach the two percent target evans was speaking to reporters today following a talk at the university of chicago for not a realty trust says it has an informal agreement to sell its interest in manhattan's sixty six fifth avenue to kushner companies that's the firm run by the family of presidential soninlaw jared kushner for not oh kushner our partners in the building the statement released a late on friday appeared to catch the kushner's a bit off guard it wasn't clear whether they had lined up the financing for the more than one billion dollars they would require people familiar with the matter say saudi arabia's state oil company saudi aramco will sign an agreement this weekend with a british oilfield services firm.
Bloomberg World, Moscow and Charlie Pellett discussed on
"Months michael toscano washington the torso armor that russell crowe war for his oscar winning role in the gladiator sold at an auction in australia today for ninety six thousand dollars rose selling a lot of personal items as part of his divorce settlement i'm christopher cruise and i'm susanna palmer from bloomberg world headquarters people familiar with the matter say deutsche bank plans to clarify ceo john cryan future this weekend this as chairman paul act lichner faces pressure from key shareholders to take action deutchebanks supervisory board is holding a call tomorrow night to discuss client's fate the people said sky news reports barclays chairman john macfarlane is expected to step down from his position at the bank's annual meeting next year sky news cited people close to the bank voor nado realty trust says it has an informal agreement to sell its interest in manhattan's six sixty six fifth avenue to kushner companies that's the firm run by the family of presidential soninlaw jared kushner for nado and kushner our partners in the building the statement which was released late on friday seemed to catch the kushner's off guard it wasn't clear whether they headlined up financing for the more than one billion dollars they're going to need american airlines group ordered forty seven boeing seven hundred eighty seven dreamliner for long range flying that deals a blow to airbus ambitions to expand its widebody aircraft sales in the us aluminum prices jumped yesterday amid fears that sanctions on russian metal could threaten a significant amount of global supply more on that from bloomberg's charlie pellett treasury department has sanctioned russian individuals officials stateowned firms and companies including united roussel under provisions of a law congress passed last year to retaliate against moscow for meddling in the two thousand sixteen presidential election roussin accounts for about seventeen percent of supply outside of china according to harbor intelligence charlie pellett bloomberg radio global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm susanna palmer this is bloomberg this is the business of sports the international olympic committee is facing a crisis which sport would you point to insa put your money where the money is flowing inside.
Jobs Report: Four Rate Hikes Now on the Table, Markets Suggest
"Wall street time strength in the employment and wage figures could fuel expectation the fed will hike rates for times but atlanta fed president brumfield pasta says he isn't concerned about slightly overshooting the two percent inflation target the trend is going in the right direction and i think we're gonna hit two percent sometime in the next quarter or two i'm actually very comfortable going above the two percent to some amount two point two two point three i don't think that's a that's a crisis of overheating necessarily atlanta fed bridget in buffalo bauch spoke exclusively to bloomberg a voting member of the fomc this year and a former jp mortgage as executive abundance being sounded out to replace deutchebanks ceo john cryan is according to people familiar with the talks recruiters contacted matt zane about the position saves is a former hedge fund trader who helped clean up j p morgan's london whale trading debacle facebook chief operating officer sheryl sandberg is speaking out about the data privacy crisis saying some advertisers have tails spending she also says her team has a long way to go to reassure customers san spoke with bloomberg's emily chang everyone wants to know the same thing which is argue protecting people's data i think the advertisers.
"cryan" Discussed on Bloomberg Radio New York
"Announcing and they're not delivering results whatsoever so you know i i know that that the the deputy seals are are really pulling muscle and becoming stronger and maybe you know that's part of the reason why there's so many rumors about the ryan the ceo leaving but i don't know how effective they have been you know the you know it's it's there seems to be lack of leadership all around for the for the bank well and and just to build on that i mean john cryan has announced three restructuring plans for deutsche bank in three years and certainly there has been a lot of back and forth about how our investment bank intrigue divisions going to do better wait a second it might not because the euro strengthened it might not because of volatility increasing at what point does the m big you ity around the direction of the bank materially impact the bottom line in a way that goes beyond just hurting their profitability in other words at what point should we start paying again a paying attention to the contingent capital bonds again which plunged a couple years back right i mean make it a point you know there was fear several years ago that that they could not even be around for for too long that fear did pass and and you know at least that they manage to to continue functioning but their profitability is terrible i mean it can't really make money and it's been several years they can make money and as you said they every every quarter they come up with a new new excuse that the why they're trading businesses not recovering but meanwhile everybody else's recovering you know the.
"cryan" Discussed on Monocle 24: The Globalist
"Fortyseven minutes past the hour we're going to talk about business news next today through a german lens joined on the line from munich by our correspondent there yanic schmidt welcome to the program yannick and the the big speculation is a base a big change of the top of big bank that's right and that's deutchebanks which has had a very bad a couple of months even longer than that and now this is reached the top namely ceo john cryan who reportedly might be replaced by the chairman powell off leyden who apparently according to reports is looking for replacement now they have they have been several names mentioned as potential successes in winters of chartered standard and sean pierre of unique credit and others but apparently they all turned down the job which has been described by inside as very interesting very difficult jobs they seem to have difficulties finding a replacement but now precious even building up on the chairman himself powell off light and who's been very involved in running running the bank and now momo people suggesting that he should resign himself so that could be major changes in various positions at the bank what's been going wrong why is this such a poisoned chalice it's it's difficult to tell i mean they've been trying to cut their costs but haven't succeeded as much as investors have been hoping i mean many banks have had difficulties but also they've john cryan is introduced some changes and turn them back again all i mean other other people saying that he's actually doing such a such a bad job he just inherited the very badly run bank one of the board members recently suggested that the bank is dysfunctional so just generally seems to be going badly very difficult to turn it around.
"cryan" Discussed on Bloomberg Radio New York
"As you mentioned a number of names at goldman standard shelters in unicredit have been mentioned but what i think is is that this really shouldn't come as any surprise i mean we've seen memories last year of dissatisfaction with john cryan and sent me the share price has underperformed massively in the last year or so i think has down over twenty five percent of that period and the rest of the european banks have been roughly flat in the same time periods so it's no surprise that they're looking at potential replacements just some of the names potentially may come may have come as a surprise we've spent a lotta time you and i aren't you and others a bloomberg talking about how much longer john crime would get we've always talked about it from the perspective of the investor though when would the investor base get restless but they make more noise and put pressure on the board to make a change if feels like the precious coming from within the bank not outside the bank cartoonist the chairman that's driving this it certainly seems that way and that's the message that was coming out of the times report is that that there has been an argument between either between john cryan and the board ever strategy and over a perhaps more radical re over restructuring of the investment bank i think in terms of investors saintly they they can't be happy with the share price performance but i think there's a realization that the enormity of the restructuring deutscher buying cannot be underestimated i mean when john cryan came in it's easy to forget that he was universally welcomed and respected at the time and most people thought that was a very good decision when he was appointed back in two thousand and fifteen and he has since settled most of the.
"cryan" Discussed on KBNP AM 1410
"Performed massively in the last year or sarah i think i down a twenty five percent of that period and the rest of the european banks have been roughly flat in the same time periods so it's no surprise that they're looking at potential replacements just some of the names potentially may come may have come as a surprise we've spent a little time you and i are and there's a bloomberg talking about how much longer john crime would get we've always talked about it from the perspective of the investor though when would the investor base get restless would they make more noise and put pressure on the ball to make a change if feels like the pressure is coming from within the bank not outside the bank and the champion this driving this it certainly seems that way and that sent the message that was coming out the times report is that there has been an argument between between john cryan and the board ever strategy and over a perhaps more radical re over a restructuring of the investment bank i think in terms of investors certainly they they can't be happy with the price performance but i think there's a realization that the enormity of the restructuring deutscher by cannot be underestimated i mean swin john cryan came in it's easy to forget that he was universally welcomed and respected at the time and most people thought that was a very good decision when he was appointed back in two thousand fifteen and he has since settled most of the legal issues and addressed the cap i'm gonna i'm gonna in full disclosure folks i've got a good relationship with mr cryan i've i've been on panels with the madavo etc senator he's a great mathematician and urging you go to the heart of the matter he's been there for a good german cup of coffee length i mean i could get the uproar if he'd been there four five six seven years he's borderline been there for two years yeah i think investors have to realize that there is no quick fix for deutsche bank you know he's he's been at pains to discuss some of the issues that he's facing in terms of the complex it systems i think he likes to point out that they had forty five rating systems when he joined and he's trying to get that down.