35 Burst results for "michael barr"
"michael barr" Discussed on Bloomberg Radio New York
"Countries are Michael Barr this is Bloomberg John Lisa top model thank you Sir thank you very much we've talked about a few times this morning just a really nice cyclical tilt to the rally in yesterday's session maybe it's a squeeze maybe it's tactical but that's what you want to say if this market's gonna price in a cyclical recovery you'll see energy industrials financial stability that's what we saw in yesterday's session some maybe take the market cap weighted S. and P. five hundred compared to what we got out of the equal weight S. and P. five hundred yes that I would run a five and a half percent on the equal why S. and P. five hundred that basically dilutes the big impact of the mega caps makes everyone equal white said and you saw that big cyclical tail energy industrials financials give that equity market a really big left you really saw it and then John I think front center and this goes to the conversation in the open today with Brian Moynihan is where the banks fit into that cyclical tilt and that's why I struggle with some going forward from here earnings a low growth low right a difficult earning scenario what does that mean for financials and I think what we've got to draw a distinction between is what is the topic of short term tried to squeeze the most cyclical Arizona market off the back of the month a month remember back to say of the next several months a something more durable sustainable over the long term Michael Mayo with this yesterday from Wells Fargo and he he will excell softgel about the future of the banks he liked what he saw her I thank you for a friend was Citigroup and PNC it is well but he was really quite big John I'm getting a war chest ready for mergers phone coming out of this pandemic pandemic equity futures this morning just rolling over a little bit Hey were down eleven on the S. and P. five hundred we pull back one third of one percent from New York City this morning from audience.
MasterCard Announces Senior Leadership Changes
"GONNA START WITH. A leadership change and that is Mastercard. Getting a new. Ceo next year January first. Two Thousand Twenty one Michael Barr. Who's the chief product officer is going to become the CEO and Andrzej Banga? Who'S BEEN CO FOR? The past decade is going to be the executive chairman and the fact that shares of MasterCard or down four percent. Today I have nothing to do with these announcements just because expend their for a decade under bengals leadership. This has been a phenomenal stock. He's been CEO for ten years stocks. Return more than thirteen hundred percent since then This seems like a smoothie. Leadership transition as you could possibly hope for fear shareholder. Yeah I I totally agree. I am a shareholder and to me. This is this is one of those things that we we hope for you like a clear succession plan laid out there and the reasons are the reasons you know. I mean we don't know why Mr Bongo maybe stepping down or is stepping down from that role. I mean it sounds like it's it's something that's in line with what he wants to do with his life though and so I think the really for me the the big question for me is GonNa be what it's going to be interesting is if Mr Bongo views are also Mr me box views and what I mean by that. Is You know they've they've run? This business to this point with a certain worldview and there was. There was a really good article recently in the Financial Times. I think it was That that was a focus on Mister Mister Bonga. In the title of the of the articles. Mastercard chief speaks out against nationalism an facebook but it was a really good article because it gave a lot of his opinions that worldview this silent payment systems are stupid. You know. I mean he's thinking why everybody wants to try to build their own thing and makes it fragmented and inefficient. He has big questions over. Libra FACEBOOK'S INTENTIONS. How it's going to make money You know MasterCard was part of that initial Interest Group in pulled out along with a lot of other companies. So it just for me. It's going to be interesting to see going forward. If if they're two views are compatible because if not then you would expect to see some strategy changes over the course of the the next. I would assume at least decade unless unless Mr Limbaugh just doesn't really do a good job in has to step down. I don't anticipate that being the case. He's obviously very familiar with the business But that really for me is the big question is are there to views compatible because that'll that'll dictate a lot of the strategy over the course of the coming decade
Stocks recover from trade war sell-off
"Stocks reclaimed. The some of what was lost on the prior day's steep sell off, the Dow gained more than two hundred it comes amid the US China trade war. President Trump tried reassuring. The public saying the trade esscalation is just a little squabble, but investment manager Michael Barr says he's not sure that was enough to keep the markets. Calm. I that this trade story is far from over. And I think that between headlines from China and headlines. The US volatility will be the most consistent companion for most everyone on
The Vertical and Horizontal Boards of the NFL Draft
"Where we never talk about. Out. We'd never discussed this at all on. There is there's two boards that you look at on draft the vertical board, which is the players at the position and the horizontal bore which is how it relates to everybody else. So for example, if you like a left tackle, let's say you like Williams and you great at him. A first round grade of seven grade, let's say and you like a defensive lineman at seven oh grade. Well, you have to separate that. That's the horizontal board in the horizontal board doesn't separate just because we need a tackle. We don't need a guard. It doesn't separate that way. It separates by who could be the better player. Because even though they both carry the same grade somebody's the better player, and that's a moral question. When it comes up, do you when you're Michael Barr and their draft you go. Hey, guys. This guy's way too. Big a towel. I know we're strong defensive and we're gonna take this or do you draft by neat. Well, because most of the time we have this thing where where teams are in such situational values base where they say we gotta win next year. We gotta do tap. A bay. You know, you know, if you're Jason light you gotta win next year. Because even though Bruce Arians just came in it, Bruce does win your they're gonna blame you you're gone. So he's gonna forget about what holes are in his positions. And he's not even concerning himself with the horizontal board. He's only looking verticals the is give me the vertical board. Where is the good general managers in the Lee have to look at the horizontal board? And that's what the last month of the season of the draft preparations all about what player fits and how do I do? I really and we've done this numerous times in careers. I mean, you know, you're sitting there in the draft. You take David Johnson. You take a strong safety. What do you do? You know, even though you have the same great on them. They're not the same player, you know. And then after it over they come out and say, well, how did you have great? Well, we liked them both equally. But we took the player we
"michael barr" Discussed on Bloomberg Radio New York
"Bloomberg's Michael Barr. Thank you very much. John New Zealand Bremen ister just into ardor earn is imploring the public to speak. The names of the fifty people who died in the Christ Church. Mosque shootings rather than the accused gunman's. She says while the man saw notoriety she wants to make sure New Zealand gives him nothing not even his name or Dern adds that on top of changing gun laws in New Zealand changes are needed to social media sites as well. They are the publisher not just the postman. They cannot be a case of all prophet. No responsibility. New Zealand media report the nation's biggest banks have pulled their advertising from Facebook and Google Australia's permanent reserves. The group of twenty nations to use a meeting in June to discuss a crackdown. Authorities in Netherlands say that they're looking at all potential motives in yesterday. Shooting in the city of you tracked that left three people dead secretary of state, Mike, Bombayo speaking to a global business conference in Kansas City, Kansas address, the Dutch delegation America, stands with you. We will continue to do all we can to. To help you in this terrible time of tragedy. The suspect is in is in custody of Dutch, authorities vice President Mike Pence will travel to Nebraska today to survey damage from flooding in the midwest devastation is widespread in Nebraska, Iowa and Missouri with highways washed away in towns, isolated by rising waters. Brazil's president Geijer Bolsonaro visits. The White House today. Bloomberg's Bob moon reports. The South American leader is an ardent Mirer President Trump. It's no big surprise Brazil's new head of state is chosen to visit I with President Trump Bolsonaro rebels and being called the Trump of the tropics. He's an enthusiastic student of Trump's turbulent Twitter bay style of government and addressing the US chamber of commerce to a translator yesterday. He borrowed some familiar rhetoric. We want to have a great Brazil, just like Trump wants to have a Great America. Bolsonaro says the meeting offers a historic opportunity for the two nations to work together. Bob moon. Bloomberg daybreak Republican. Congressman Devin Nunes has filed a lawsuit seeking two hundred fifty million dollars in damages from Twitter and users.
"michael barr" Discussed on Bloomberg Radio New York
"Christopher cruise. This is the business of sports from Bloomberg radio with Scott Sasha, Michael Barr, and Evan Novi. William. Thanks for joining us. Let's continue our conversation with Carolina Hurricanes owner, Tom Dundee, Tom. We have to ask how did the post game celebration start? It seems to have taken on an energy of its own everyone in the NHL is talking about it was that your idea or did that come from the players. I'm trying to figure out how to make it. My idea. Just say it often enough and people believe it, I know should learn from the president. But. Yeah. No, I had nothing to do with it. I actually missed the first one because I was walking down downstairs and didn't didn't even know what had happened, obviously, really appreciated them doing it. And I think it just shows that they get it. Right. They understand that all the things we're talking about right now. And you know, hopefully now it's turned into something. They can enjoy to right? I think they started off doing it for the fans. And obviously, that's why you do it. And then, you know, hopefully, it's not it's not hopefully, it's something they enjoy to. And you know, it starts to be fun. It's a lot of pressure on these guys up with stuff. I think but you gotta say thank you to Don cherry. I mean, he's the one who said what a bunch of jerks doing this. And and then you guys took advantage of it. And I see it on NHL network. And then you gotta hit the mainstream, but it's got to start somewhere and high collared shirts then took off after that, Don cherry say. It was fortunate for sure awesome. And but look I think it's a great example guys like that that are involved with the league that gets people talking about you. You know, I wish we had more personalities like him. You know, I think I think obviously we benefited from him having opinion. And what I've tried to say is I don't think we're doing it to be jerk. So I definitely thought about after he said it came to the conclusion that you know, that it's no way shape or form malicious but him saying, it's not a bad thing. And you know, we could all learn something from this. Right. Like, you know, he created something that got us entertained and our fans engaged, and he did it. We didn't come up with it. So we we also have to make sure that we remember we have to come up with things to create reasons for you to talk about how valuable has that been from from a marketing standpoint, right? It gets the hockey world and even people beyond just the hockey world talking about the Carolina Hurricanes. Yeah. It's hard to quantify because you know, ultimately, what matters is if you create that winning culture and make the playoffs, and you know, those those things are way more important than all the other little things we can do with social media or around our brand. But I would say it becomes a silly anecdote. You know, if we don't make the playoffs stepping off the ice for a second you made headlines a couple of weeks ago when you made an investment in the AFC the alliance of American football reported originally as a two hundred and fifty million dollar deal. I know you've said that that maybe that's not entirely accurate around the terms of the investment. Can you clear the air here? What exactly were the terms of that investment, and what's your involvement with the af I think the reason the two hundred and fifty numbers out there is that's the amount of capital, it probably takes over time to get this thing to where it can self sustain, you know, like probably every business, right? Every every startup takes capital. That's kind of that story. The my involvement is, you know, I'm trying to figure out how to make sure that this is a compelling place for people to develop players coaches and Rapson technology, and you know, so far, it's it's it's gone. Really? Well, and you know, now, we've got one of our big goals is to create an opportunity for players that are on NFL rosters that haven't got reps to be able to play. And if if that would ever happen. I think it makes us no more interesting for sure so how much have you invested so far probably. Seventy million. I don't know ok p seventy five it's just you know, if you pay every week, right? We gotta get to two fifty if it if it appears that it's going. Well, I just wanna make sure I understand the the number. Yeah. It doesn't the numbers sort of luck. I mean, you guys probably know given business card. You've got if your if your business is successful capital easy. Right. Whether it's mine or somebody else's so yeah. Two fifty is a number that looks about when I invested what based on projections where where it would be. But if you grow faster or bigger, you'll use more capital in the short term because you believe. You know, there's more upside. So with the number. I know it won't be as two fifty. You know, it could be. The chance that it's going to be to the exact that exact numbers pretty small what in the business plan leads you to believe that the af will be more successful or one man standing over the XFL nothing. I don't I don't spend any time thinking about thinking about it that way. Very smart guys. I'm sure they'll do a great job and have something compelling. I think we know what we want to be and. Able to create a place for players to develop to work their way back to the NFL. Then I think that has a place in the world. I'm not I'm not even sure I I'm sure that I have under. I don't know what their business plan is. And. And but once again, they're smart folks that I'm sure they'll come up with something that can be successful. Also, I mean, you know, people look at soccer and baseball and hockey basketball. There's many many many pro weeks, right? So the idea that the idea that this is an either or is probably not something is that a lot of time on the New York papers the last couple of days have had a field day with a Tim Dolan here. The owner of the Nixon the Rangers who had an ex game couple of days ago, essentially throughout a fan who told him yelled at him to sell the team. I'm curious. How would you would need to hear from a fan? Have you of the same reaction? Oh, I they'd probably just have to do something that that wouldn't be anything. They'd say to me. But yeah, I mean, obviously, if someone is using language that wouldn't be appropriate for your families, or whatever. No. I don't care what they say. I mean, if we lose I'm dumb, and if we went on smart, I already that's that's the way this is going to be. So it's not gonna it's probably not gonna bother me very much time. I'm going to give you close with this. I'm going to give you a money-making fan-friendly developed feature fans idea, and I don't need any credit for knows no bunch of the revenue here. But I'm gonna tell you as as someone I told you earlier my nine year olds a top-flight hockey player. We go to plenty of games. You know, what nobody does that? I'm yearning for. You need the fan friendliest up in hockey. I mean, I want every player before he leaves the ice to pick up three four five bucks and make sure the kids around the glass, get one make sure the kids who have a sign you come over here. They'll tip of the capital wave a little whatever and the pucks. I don't want standard black pucks. What I want is spend the action whatever the unit cost is get the logos. Are the two teams and the date of the game and make sure every kid who cares enough to wear jersey and stand up against that glass. Banging waiting for their their favorite player to give them some attention walks home with the puck. You were at school. Don. And. Kids and their parents in the building earlier you sell more soda you'd sell more popcorn. And you'd get kids smiling telling mom and dad can we go back to the game again because I had such a good time. You think the one more than one puck? They're happy with one. No. I mean, we'll come back to get another one without a doubt without end. No, I like it the right thing to do. Anyway. Right. I mean. That makes sense. Right. Well, when when I see it all over NHL network with the hurricanes are doing this was the Genesis, right? You want to call it the sauce Nick warm here, we go. This kids against the glass, and I see their faces when they get nothing and walk back walk away. And like, oh, he threw maybe maybe two or three of the players through a puck over the glass or came over or flipped. It all of them, certainly don't and you should see the face of the kids. You don't get anything when they walk away. I think it's easy enough. You're not wrong. Every every guy before they're done warm up say grab a puck Android over. You know, then you get your twenty at least. Yep. There you go start start with something. All right. Tom of the hurricanes chairman of the alliance of American football. Thank you very much. Thanks, guys. Takeaways this week. I was thinking about why hockey is number four in the four major food groups in the major sports, and I still don't quite understand. Why? No, I do baseball. You can play with the glove and a boy cats basketball, you just need a ball. You get up. It's hard to play hockey. If you don't experience and play the sport as a young kid. It's hard to fall in love with it. But people have football and most people don't. Football. They play flag football. They go out and play tackle football people play football. It's not easy you need ice. It's not like you can get a friend of yours and say, let's go play some hockey. Well, but it comes back to listen as we all know, I grew up in Detroit. And that's the key. I haven't heard you, by the way that's called hockey town. That's I'm saying. We do. And and and we want that up in the interview was like look right across the border. You know, that's my point is popular in Detroit. You have access to ice. It's popular. It's called hockey town for a reason you're proving my point I disagree. I'm just saying I never been on the ice. It looks bored. He's thinking about something that might take it. Okay. You're my takeaways that I gave him the simplest greatest idea in the NHL right now you wanna make more money somehow make the pre game skate. A thing have the best most popular most fun family friendly kid-friendly pre game skate in America all the players. Pick a pucks to all the players throw pucks over the over the glass every kids involved they will come early. They will come often they will buy.
New Zealand, Prime Minister And Dern discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr
"Kusak. New Zealand, Prime Minister descended are Dern promise. Change awaits in the wake of the terrorist attack on two mosques. We cannot be deterred from the work that we need to do on gun laws in New Zealand. They need to change regardless of activity may or may not have happened with gun retailers. They will change our cabinet will discuss the policy. Details on Monday, fifty people were killed in Friday's mass shootings as the toll rose as another body was discovered in one of the
North Carolina lawmakers re-introduce bill to arm teachers
"Back North Carolina lawmakers once again pushing to arm teachers with guns, and they're considering to offer an incentive of a five percent salary boost to teachers who undergo basic police training during a stop in South Carolina democratic Senator and twenty twenty presidential candidate comma, Harris offered her opinion there is not a teacher. I know that went into that noble profession with the idea that they'd have to strap on a gun in order to do their work
US discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr
"The US back Syrian forces said to be closing in on the Islamic state's last stronghold near the Iraqi border. A spokesman said a decisive battle was expected today following a
"michael barr" Discussed on Bloomberg Radio New York
"Karen, five thirty three on Wall Street Michael Barr. Tell us what's happening in the world. Michael. Thank you very much. Nathan acting attorney. General Matthew Whitaker says that he has been fully briefed on special counsel Robert Mueller's investigation into Russian meddling in the two thousand sixteen election on the investigation is I think close to being completed, and I hope that we can get the report from director Muller soon as we as possible. During a news conference Whitaker also says that he's comfortable that the decisions that remade are going to be reviewed. We did not elaborate. But a Justice department officials said later he thought conveyed that he'd follow department regulations regarding mothers closing documents. Longtime President Trump confidante. Roger stone is set to appear before federal judge today. White House press secretary, Sarah Sanders. I'm not aware of anybody here ever working with WikiLeaks in any capacity. But I do know that every individual that represents a media organization here looks for that information. Most of you reported on that information. So I think you're just as accountable as anybody else. Stone is expected to plead not guilty in a Boston court to charges that he lied to congress about pursuing dirt from WikiLeaks files on Hillary Clinton and engaged in witness tampering. The screws are likely to keep tightening on Venezuela's Nicolas Maduro as the US presses its demand for peaceful transition to a new president. Here's Bloomberg's Bob moon with Medeiros refusal to relinquish his position and recognize one Godot as Venezuela's new leader national security adviser, John Bolton says any retaliation against guy does government or US. Diplomats will bring swift consequences any violence against these groups would signify grave assault on the rule of law, and we'll be met with a significant response. Treasury Secretary Steven Mnuchin says severe sanctions on seven billion dollars in assets. And over eleven billion in lost. Export proceeds are necessary. The purpose of sanctions is to change behavior. The officials concede that blocking Venezuelan oil may affect global prices. Bob moon, Bloomberg daybreak Michael Barr. This is Bloomberg. Nathan, michael. Thank you. It is. It's five thirty five on Wall Street time for the Bloomberg NBC sports update. Let's check in now with Jon Stashower back in mid December. The Knicks went to Charlotte one in overtime into five game losing streak since then win. The Knicks are one and eighteen back in Charlotte Hornets sent the Knicks to their tenth loss in a row one. Oh, one to ninety two the Knicks with the bulls. Cavs and sons in a four way battle the finished with the worst record. And then have the best odds of gaining the first pick of the draft before teams right now separated by on the game and a half the fries for getting the first pick appears to beat Duke freshman Zion. Williamson last night he scored twenty six points. Do crushed Notre Dame eighty three sixty one the nets and coach Kenny Acton. Lost in Boston one zero four. Obviously we struggled offensively. We didn't shoot the ball. Well, the whole game. I said, I'm proud of our guys. Excellent team. My guys gave their all we have know cut. It got too close. Proud of our guys played how they competed Lawson's Brooklyn six game winning streak. Eleven wins in a row now for Golden State one thirty two to one hundred at Indiana, the devils just their sixth road win six three. And Pittsburgh is this patriots dynasty ever going to end Tom Brady has shown no interest in retiring? Although rob gronkowski has and thirty one year old montvale New Jersey native, Devin mccourty was asked about retirement at Super Bowl medium night in Atlanta for sure man, but I do look at it. You know, we go win this game win over my brother. I don't know. What else I could do that on top? So on disarmament. This season. And I enjoyed his last couple of days with these guys is ninth year in the Pat secondary in plain now with his twin brother Jason Paxton Rams getting ready for Super Bowl fifty three on Sunday. Bloomberg NBC sports update. I'm Jon Stashower. John. Thank you. It's coming up on five thirty seven on Wall Street and the latest edition of Bloomberg business week is on newsstands now with the cover on the best government shutdown ever. Also in this week's issue. What happens when workers on Wall Street, try to sue their boss, Maxine, send wrote the story for Bloomberg BusinessWeek, what the American worker has done in the last thirty years is lose what feels like a very fundamental, right? And that's a right to sue your boss in court should something. Go wrong. You can read more about this and other stories in.
Fed investigating Deutsche's role in Danske money laundering
"Recent rally as some of the data hasn't been coming through quite as badly as the markets were pricing. But I think we're ready relatively flat trading range, the most markets over the course of this year, the all country world index is up five percent this month. That's just behind last year's six percent gain over the same period. This is Bloomberg. It's five oh seven on Wall Street time. You get the latest world and national news for that. We turn to Bloomberg's Michael Barr. Thank you very much. Nathan Senate majority leader Mitch McConnell is now allowing consideration of rival Republican and democratic proposals for reopening the government. It comes as the shutdown has entered its thirty third day. Bloomberg's Bob moon reports though, there is no guarantee. President Trump will go along McConnell has insisted he would not waste time as he put it voting on any measure that Trump opposed. Any initially said a Republican Bill with all five point seven billion dollars for a border wall was the only measure Trump supports that. I've stated consistently over the past month. That fact will earn it consideration here in the Senate that hard line appeared to soften though, when he also scheduled to vote on a funding measure from the house after Senate Democratic leader, Chuck Schumer, Blaine Trump and his party for demanding only their way to allow government funding. Everyone knows that. He an leader McConnell are the only obstacles to opening it back up it appears neither Bill may win enough votes to pass. S Bob moon. Bloomberg daybreak secretary of state, Mike Pompeo is said to be wing at twenty twenty bid for US Senate seat in Kansas. A person familiar with the matter says Bombayo spoke with Senate majority leader McConnell and a GOP strategist flights end to Newark airport were suspended briefly yesterday after a drone was spotted along the airports final approach path. The drones were seen at about thirty five hundred feet up live ATC dot com recorded a United Airlines pilot telling air traffic control about the close. Call the drone bows thirty feet off right way. The FAA prohibits drone use above four hundred feet or within five miles of an airport. Without permission. The leaders of Japan and Russia met in Moscow. Bloomberg's Isabel Reynolds has more from Tokyo twenty fifth meeting between Japanese Prime minister, Shinzo Abe and Russian President Vladimir Putin failed to bring about any substantial progress on a territorial dispute that has lingered since World War Two and a briefing after that meeting in Moscow. Both leaders said the process would be difficult. They nonetheless agreed to continue trying to reach a deal with their respective foreign ministers set to meet again next month in Munich in Tokyo, Isabel Reynolds, Bloomberg daybreak Los Angeles teachers have approved a contract deal ending a six-day strike global news twenty four hours a day on air and at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, michael. Thank you five.
Bloomberg, Societa Generale And Theresa discussed on Bloomberg Daybreak
"And you're f- shares of Societa Generale down. Three percent Francis. Third largest banks that earnings will be hurt by the quote, challenging environment and global capital markets. British Prime Minister Theresa may has survived a no confidence vote. Now, she has to search for a compromise with parliament to deliver a Brexit deal. The vote on her plan B is set for January twenty ninth shares of apple down. Nearly one percent. Bloomberg news has learned the company. Will cut back on hiring after selling fewer iphones unexpected and missing its revenue forecast for the holiday quarter. Now, let's get you have to date and how stocks are faring. We check the markets every fifteen minutes throughout the trading day on Bloomberg s&p futures down seven points. Dow futures down fifty three NASDAQ futures down twenty-five the Dax in Germany is down three tenths of a percent. Ten year treasury up one thirty-second yield two point seven one percent. And the yield on the two year two point five three per cent. And straight ahead. We have the latest world and national news. And this is Bloomberg. Thank you. Karen? It is six thirty three on Wall Street. Let's get the latest row. The national news now from Bloomberg's Michael Barr. Thank you very much. Nathan
"michael barr" Discussed on Bloomberg Radio New York
"For inflation and the interest rate outlook Kumar SRI Kumar is president and founder of SRI Kumar global strategies you've had inflation, which is still a long time, very low and even now the code inflation rate is not high. So what has happened is that the policy monetary policy that we have followed has led to extremely low inflation rate as well as low rate of growth, which is what gives rise to a situation when you're unable to increase the real federal funds rate a little change for the S and P five hundred index down half a point the Dow dropped six points. Also little changed NASDAQ down fourteen down two tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries on Charlie. Appellate. This is Bloomberg. This is the business of sports should major league baseball short enough to see how do we present football to the audience of the future? I don't think that most players understand the power that they have the future of IndyCar racing is looking bright Scott saw Schneck, very basic math. Here. More bidders means more money heaven. Nobody Williams team value has essentially quadruples and the leaders in the sports industry time to bring in our guest Hal, Steinbrenner National Hockey League Commissioner Gary Bettman Atlanta Braves president Derek Schiller, patriots president Jonathan Kraft Bloomberg business of sports from Bloomberg radio. Hello, I'm Michael Barr. I'm at the Novi Williams. Scott sauce, Nick over the next hour. We will explore the big money issues in the world of sports and talk to some of the biggest players in the industry today. We speak to the man in charge of the NFL sponsorship and consumer products business. NFL cheat media and business officer Brian roll up on the volving sports media landscape. You know, the reality is we live in a world. Where network says no commercials and. In their second commercials on YouTube. It's just a different different world. And you're gonna see that. I think he's thinking that evolve significantly that's coming up on the show. But first, let's look at the top stories business stories of the week. And let's start with San.
Sears chairman submits new $5 billion bid to save bankrupt retailer
"With its sportsbook assigned league isn't quite ready to dive into legalized gambling the way of the sports have tickets, Monday nights, college football, playoff title, game between Alabama and Clemson have never been cheaper crimson tide and Tigers will be playing for the title for the third time in four years in Santa Clara, California, thousands of miles away from both campuses demand is so low that tickets are available on the secondary market for just a fraction of the face value price of four hundred seventy five dollars. And that's a Bloomberg business of sports report. I'm Michael Barr. BBC news
Nine Percent And Two Percent discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr
"Percent. The December employment report is being called a blowout. Three hundred twelve thousand workers were added to payrolls workers wages were up three point two percent. From December of two thousand seventeen the employment rate ticked up to three point nine percent. Suggesting many idled workers came off the sidelines to begin
Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal
"Dismissed or quit depending on whose version of events. You follow? Officially Tom dependent gone will continue to do what it always does. It will stand on a wall on defend this country to the Admiral Stavridis, some what if you could just sort of use your navel and strategic background in the context of China and a book that you have recommended called on desperate ground, and what we should take away from reading this book by Hampton sides about China and understanding them, not only from a military and trade perspective. But from a political and cultural perspective. Yeah, terrific question. The book is about the Korean war, and it's a cautionary tale for modern times. Right. In other words, we know what? War on the Korean peninsula, would look like hundreds of thousands if not millions dead that was before there were nuclear weapons involved. So a we ought to take the cautionary message and be we ought to. Remember when China's back was pushed to the wall by MacArthur with US troops surging north. They responded they responded hard. They pushed us all the way back down that peninsula. We should not underestimate China's will in a military conflict. So I wouldn't say we're quite on desperate ground yet between the US and China, but skirmishes lead to wars we need to be very cautious and careful in how we deal with China. So what is the scuttle butt among your colleagues and other officials in an outside of the military about the future of the United States role in the Pacific. We need to remain engaged to walk away from the Pacific takes away from the economic engine of the earth on the other hand, we have got to find a modus Vivendi with China, and I'm particularly concerned this week with the exchange of messages, if you will between president gee of China and president sigh of Taiwan in their New Year's messages. They went back and forth about unification that could be a real flash point in twenty nineteen. That's been relatively quiet over the last decade. I, of course, identified you Fletcher school. And of course, you exited tufts and Fletcher school here after five years herding cats known as a faculty, and I would love to know within the vogue of international relations. What was your biggest surprise for students within the international relations after five years? It's Fletcher it is so in now to do international relations. What's your message to students undergraduates graduates, and their parents who want to pursue are? Number one by far is that international relations gives you an opportunity to serve to serve your country eventually in the military, but in the diplomatic core at the Central Intelligence Agency. In international business is a form of service engaging globally provide service to the world, and I'll close by saying our students focused in particular, Tom on his shoes of equality, globally and the environment, and it's very idealistic space for students to be in. And I think is a very powerful one in today's world. Thank you so much greatly. Appreciate it writing for Bloomberg opinion as well. Former NATO supreme allied commander as well. I thought his insight there on Taiwan is fallen beneath radar. That's over though. It's on a lot of people's radio. But within the markets that we folk. Focus on that was really suggested a geography lesson to get out and just start plotting the actual distance between China Taiwan and South Korea and North Korea and Japan. It looks a lot smaller than the Gulf of Mexico, and I talk about book here. Please my book of the summer, folks. Robert Kaplan, Robert d Kaplan, the return Markle's polo world, and if you're really motivated, his previous book Asian cauldron is about the geography, Mr Fox just talks about how can we think about these issues? If maybe we know the map, but even better if we actually understand the distances between these different countries and putting you're so right about that difference between Formosa from another time and place in China as well futures a negative twenty four Dow futures negative to thirty eight the yen one oh, seven seventy four. Now, let's go to Mr Michael Barr and find out what's happening in the world. Mr var. Thank you, ma'am. Thank you, Tom. The new members of congress will be sworn in today. Democrats will take back control of the house while the Republican majority in the Senate grows by two in total. One hundred twenty seven women were served in the one hundred sixteenth congress being sworn in today. Do members include several I such as the first two Muslim women from Michigan and Minnesota they'll take the oath of office on a Koran that belonged to Thomas Jefferson. We'll also see the first native American women and the first African American women from several states US ambassador met with Paul. We learn the American arrested in Russia accused of espionage wheelin, a former US marine is being held in one of Russia's most notorious prisons global news twenty four hours a day on air and then tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg com. Kabar? Thank you so much again futures negative twenty four Dow futures negative to forty three lifted yields off yesterday to sixty four in the ten year thirty year bonds still under three percent two nine six percent. This is Bloomberg. Imagine the markets in focus every business day, P and L podcast with Pimm FOX and Lisa Abramowicz stock has not reacting happily. What's behind this engine of gains today analysis of the day's Wall Street action from Bloomberg intelligence, Bloomberg opinion, and influential news banker spill roads is the author of banker to the world wars McCarthy joins us right now with Pimm FOX and Lisa Abramowicz. Listen today on Bloomberg com. The Bloomberg business Atmore subscribe on apple podcasts. So we're kids play. Many provide the water we drink, but
China, Canada And Mang Juan Joe discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr
"Tomorrow. China is a ratcheting up the pressure on Canada over the arrest of prominent Chinese businesswoman. Mang Juan Joe chief financial officer of wa wait technologies. China threatened to grave consequences against Canada. If she's not released immediately. China's says it says a violation of a Chinese citizens legitimate rights and interests on Friday, the US began its case against her in a van Couva courtroom alleging that man had hidden ties between wa and a company called sky com that did business in Iran candidate is presenting the case on behalf of the US which wants to extradite man who was arrested in Canada last week. This newscast was brought to you by sector spider. ETF's why buy a single stock when you can invest in the entire sector, visit sector S P D R S dot com or call one eight six six sector ETF global news twenty four hours a day on air hand at ticked up on Twitter, powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. This
"michael barr" Discussed on Bloomberg Radio New York
"Evan Novi William. Thank you very much for joining us today. We speak with Robert Smith. Former NFL running back for the Minnesota. Vikings Ohio State alum walked away from the game to pursue a career in medicine. These currently of part of the fan health network. Venture backed by the NFL players association's accelerator the one team collective, Robert. Thank you so much for taking the time to speak with us. Yeah. No problem. Now, Robert, I know people say, oh, we're excited to have you on the program and things like that. We have proof we want to play for you are Romo co host Michael Barr. Had no idea who this week was. Woo. And so and here here's the setup from Evan Novi Williams. Join us again at the end of the week when we speak with former Pro Bowl running back, Robert Smith. We didn't tell you Robert Smith was coming into more. Wow. That's. Ohio state. Yes, that's cool. How about that? Robert. It's funny because I thought that there might have been a mistake like you obviously made of the reference to football. So I thought maybe somebody was excited that the leak lead singer that was going to be on. We're gonna get to your music. You should see how excited Michael Barr made a huge fan of my wife. She loves the cure. We all my man. You are the man. That's all I got. I love this. This is a sports business show, Robert. But I want to give you a chance to start with the landing on Mars. I know you're watching improv pumped at that. Yeah. It was it was so cool. I mean, and obviously, you know, we've been sending probes, but but every every landing and every. Success that that NASA has especially something, that's so complicated. And so much work goes into. It's it's great to see the scene with the. With all the scientists, celebrating shakes man and everything is just it was fantastic. So you're a man of all Love's here. So we have astronomy we have music. We have football is are you the exception or do people have a stereotype in their head of what athletes are why? I know that people have stereotype of what athletes are. I think everybody at an office with fifty people in it. It might be a little bit more homogeneous in in in an office just because everybody's in the same industry. And that's that's just what they do. And what they went in a locker room there. It's it's much more diverse in in the sense that, you know, people went to school for a lot of different things, and you're a student athletes, and you're you have other interests and other things outside of football. Did you do? So there's there's definitely a stereotype that that doesn't sit with reality. You know, a lot of guys, you know, were engineering majors and things that I remember playing with and talking to at length. So it's fun to have so many different types of people in one place. Do the players suppressed that I remember let me say ten fifteen years ago. A New York jet player told me he was going for his MBA. But he asked me to keep it quiet because he didn't want his coach and organization knowing that he had outside interest. He wanted them to think that he was one hundred. Percents football one hundred percent of the time. I had a former NFL also tell me that he was hiding books in his locker room because he didn't both the coaches and his fellow players. He didn't want them to know. Yeah. It's funny. Yeah. I think that it depends on the level of security, maybe job security that a player has. But you know, maybe maybe a degree of confidence that they have as well. Any green was my coach entire time. Minnesota and and not only. Tolerated embraced. The differences between people, but really kind of celebrated it, and so it it was never an issue in our locker room. And there are a lot of different a lot of different voices and a lot of different interests. And it was never something that was suppressed at all. Speaking as a native detroiter and a guy who went to the university of Michigan. Congratulations. Former Ohio State Buckeye player. You beat the snot out of us this past weekend. And I gotta tell you you guys. Look great. Do you? Remember, what it was like when you played in those rivalries, especially the against the wolverines. Yeah. And I mean it for me. And that's why when I hear people say, congratulations and beating Michigan like, I never beat Michigan. I only played in two of the games, and we were a one and one. Know we lost it in. No time left field goal. When when I was a freshman. I didn't play my sophomore year. And then the next year. We tied. So I thought it was a great performance surprising performance based on what we had seen from both teams. But I won't take credit for the win. I know how big the rivalry is. And I know how much it still stings me. But I never had a chance to win one of the game. I had a chance to never did win the game. Obviously you played as you mentioned with the Minnesota Vikings you played with Ohio State, which one was the more rewarding experience playing college of playing pro. That's it. You know? It's an interesting question. And you know, maybe one that I'm over thinking. I only I only played two years in in college. So you know, I. That that part of it maybe wasn't as rewarding because I didn't have an opportunity to play in as many games. And you know, didn't really have the success didn't beat Michigan. Whereas in the pros, you know made it to the playoffs pretty much every year. I was in the league, but we never won a Super Bowl. You know there. There are things that I can look back out and say that I wish that I had a chance to accomplish. But you know, making it into the NFL. Persevering through some some problems with injuries or winning my career making it through on being able to come back and be successful making some pro bowls and things I guess, I guess that part of it was more rewarding or speaking with former Pro Bowl running back Robert Smith, and Robert I want to jump to the to the end of your career you retired after the two thousand season by almost all measures the best season of your career. You were still pretty young. Talk me through the decision to retire. I think there might be some misconceptions out there about the reason why did head injuries have anything to do with it. Or was it more than the knee injuries? Said you were you were suffering. Yeah. It was a it was the knee injuries. You know, my last season was the only Susan missing games. And I still needed to have knee surgery after the year. And it was like, you know, I was thinking to myself. I'm litter I'm going to be a forty five year old knee replacement guy. And I am at age forty six in haven't haven't had a knee replacement yet by niece real pretty good young children eight and six it was the right decision to make you hope you have a long life after the game. It makes more sense for that to be a healthy one. Stay tuned for more of our conversation with former NFL running back Robert Smith, including why.
El Chapo, armed with diamond-encrusted pistol, relied on bribery, ex-lieutenant says
"Officer in the cartel carrying around a diamond encrusted pistol paying off police got close to arresting him ordering the killing of those who crossed or insulted him. The defense claims Guzman has been set up by other drug lords that cooperators like Zomba are just telling the government what it wants to hear to lighten their own punishment the charges against Guzman. Carry a life sentence. Warren Levinson, New York, major US stock index is all open down today, sending them into negative territory for the year investment advisor. Michael Barr says some investors see the decline as. A buying opportunity to points where you can begin to shop and buy again. So those investors who are disciplined and looking towards
"michael barr" Discussed on Bloomberg Radio New York
"Michael Barr. Good morning. Nathan officials in northern California say the death toll is rising from the deadly camp. Fire the deadliest wildfire. In state is three is now claimed the lives of forty eight people most of them in the town of paradise in Butte county sheriff Corey Honi says the remains of six more bodies were recovered yesterday. We were trying to move tens of thousands of people out of an area. Very rapidly with the fire coming very rapidly. And. No matter what your plan is to do that no plan will ever work one hundred percent when you're dealing with that much chaos. The campfire is burn more than one hundred thirty thousand acres and destroyed more than seventy six hundred homes into began last Thursday amid reports President Trump is mulling another staffing shakeup his wife wants to fire someone to Bloomberg's Martin to Carol explains. Myra Ricardel is the top deputy of national security adviser John Bolton sources tell Bloomberg. She angered the first lady by threatening to withhold security resources during Milania Trump's recent trip to Africa unless Ricardo or another NFC official was included in the entourage. Well, now in a public statement, the office of the first lady says Ricardo no longer deserves the honor of serving in the White House. It's rare for first ladies to publicly intervene in west wing staffing decisions in Washington. Martin Takara Bloomberg radio. Democrats are in discussions about the best way to get the treasury department to hand over President Trump's tax returns. That's according to Richard meal. The. Incoming chairman of the House Ways and means committee Amazon's promised to bring twenty five thousand high paying jobs queens as one of New York's newest politicians, speaking out against a major project that the governor and the mayor backs Alexandria, ocasio Cortez one as the underdog in the race to represent New York City's fourteenth congressional district, which is near the Long Island city location where Amazon will set up shop ocasio Cortez worried that the tech companies big investment will displace people struggling to make ends meet global news twenty four hours a day on air and tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, Michael, thanks. It's.
CNN sues Trump
"Response to the White House's suspension of Jim Acosta's plus pass. Others named include press secretary, Sarah Sanders and chief of staff John Kelly, global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg Michael, thanks so much. Let's start with oil pit mention'soil west Texas American oil, fifty eight sixty nine launched ten dollars above Brent crude global, sixty eight fifty eight down a
At least one dead in Amazon.com warehouse's partial collapse in Baltimore
"Officials cannot confirm yet if the collapse was weather related chief public information officer for the fire department of Baltimore Roman Clark is on the scene and tells us what he sees what I'm seeing is a fifty foot by fifty foot wall at basically has collapsed or pretty much just going away and portion of the roof barrier as well, which has been basically removed. Stay with w w j more on that story was CBS news coming up
Amazon in advanced talks to put its coveted HQ2 in Virginia, just south of D.C., Washington Post reports
"The Washington Post reports people close to the process as saying Amazon has advanced discussions about the possibility of opening it's highly sought after second headquarters in crystal city. That's in the southeastern corner of Arlington county. It's said to bring fifty thousand jobs with it. A spokesman for Amazon declined to comment as did Arlington county board chair, Katie crystal. Berkshire Hathaway's insurers dodged the worst of losses caused by hurricane Florence in the third quarter
US, Italy and Bloomberg discussed on Bloomberg Daybreak
"Salman, Mexican authorities are rushing to evacuate low lying areas as hurricane willa heads toward landfall along a stretch of the Pacific coast farther, south Mexican officials say there have been twelve deaths related to heavy rains from tropical storm descente in sports in the NFL the giants loss to the falcons and Monday night football twenty three twenty in the NBA the Knicks lost along with the Celtics. The warriors and wizards won. In the NHL the capitals lost in game one of the World Series. Is tonight. The Red Sox host the dodgers global news twenty four hours a day on Aaron at tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan, michael. Thank you five nineteen on Wall Street and live from the Bloomberg interactive brokers studios. This is Bloomberg daybreak and we're joined this morning by Lena Komeda. She's the chief economist at g plus economics. Good to have you on this morning as we continue to watch this global sell off another one this morning. Do you see any economic underpinnings to what's happening this morning? Good morning. Nathan great to be with you. Yes. I do h relate very strongly to the macroeconomic themes that we've been watching this year. And three major themes that. Demento Marcus have changed the sound of the talking about strong years grows and historically either financial conditions with enough to push equity valuations high in the US globally. This is not the case today, and he just a reflection of the sector fundamentals of markets. Trading change twenty eighteen markets and build the return of US rate, volatility, high use weights and a strong US dollar international regime environment, and that's sweet turning to pain trait to market bullets encouraging this kind of diverse can that was driving down equity in the US and Europe and Asia Loa second big geopolitical risk now, filming better. You just have to look at Italy. But also close developments in the US have elections. The US China Malaysia, a trade war. That's getting underway. Finally dynamics basis, basically raising the risk of tuned to a normal economic volatility. We now have the twin issues of rising risk of inflation, overshoot and. Countercyclical gross retrenchment, globally competing, and that is basically a recipe for but you. Ability and higher Marcus volatility going forward. All right, so three broad themes there. But they don't all stand alone. Do the I imagine that they all sort of tie in together. Particularly when you're talking about market volatility and geopolitical risk, I mean is geopolitical risk essentially causing the market volatility. We're seeing I think very much nice can and the key thing as that for the first time in a decade managing down volatility. Financial macroeconomic. He's no longer the main policy focusing coma. Cassette. Instead what we have a twin forces as the fed pushing it rates towards the economy's neutral, basically break even close. He's no longer stimulus is and that easing turn raising the market. Lowering brother Marcus pain, special raising the instituted to the direction of policy risk in the direction of policy risk again for the first time in a decade. No actually dictated by central banks volatility very much in the domain of Joe political risk. And here, I think the risk is the markets. Looking at two thousand eighteen is the peak of the cycle. The peak of that trade where the fickle magic Jews was supporting grace is going to now give way to the results of of what has been an unprecedented debt funded tax cuts late in the cycle. So as pointy nine hundred and gets underway in gross one is to lower levels earnings and no longer rising at the foster rate longest probably going to become more sensitive to the rising cost of debt. So then if if growth continues to slow down as you're arguing here does that affect the rate path that we're going to see from central banks. Could they start to assert themselves? More. I think this is a very critical question. And you're absolutely right. Who's been a key markets, stabilize it in recent years, the so-called policy put oh, the fact that affect would step in whatever there's some kind of. Macroeconomic financial volatility. That increases the risk of this play down. What's different this time around is that the the the bulk of market sort of debating has has happened by price with pricing. Both on the equities in bone side rather than expectations of a much tight aside in the face of weaker economic rice. I think the chances are unless you inflation slowed down next to you. And he's not exactly why that should happen, given they call me is running close to full capacity. Unemployment rate is so no, but the I will actually continue with three more right hikes after December, of course, rate hike this year, so twenty nine hundred and will actually see rates rising above sea percent at the end that we probably really a reinforced if you like the market sensitivity to exultant risks such as political noise or indeed the emerging markets slow down we have less than thirty seconds to go. Leinna. What's the impact? If Europe takes. Unprecedented step of rejecting Italy's budget just quickly. Well, I think that was real real full out. I think the the ultimate school syntax. He's a political noise. But what's really happening is that the market is looking at the standoff between Italy and their pink commission as the beginning of of a you fragmentation. In other words, everything nomination risk is back in that your own government on pricing for the first time since the eurozone crisis. This is the ECB is preparing to stop buying government. Both going to be at the end of this year. We haven't seen that movie enfold yet. I think there was always probably going to be a much higher volatility. All
Trump, Russia and President discussed on Bloomberg Business of Sports with Scott Soshnick and Michael Barr
"Quick response from Russia over Washington's planned withdrawal from the international intermediate range nuclear forces treaty, the Russian deputy, foreign minister said that would be a very dangerous step. President Trump said the US would exit the Cold War era treaty setting Russian violations of the
"michael barr" Discussed on Bloomberg Radio New York
"With Scott and Michael Barr. Thank you very much for joining us. And now for our interview with the president and CEO of Reebok metal tool. Michael Barr is not joining us. However, I have Bloomberg sports reporter Eban Novi Williams with me metal tool joined the company in two thousand and four after Reebok acquired the hockey company, he has slowly molded into a fitness, I athletic brand, he helped with cross fit deal sponsorship with you have UFC as well as star studded ambassadors met, thanks so much for joining us really happy to be here. Thanks, so Reebok, the company that you run right now is not the same Reebok that a lot of people might think of from the from the early two thousands or before you've made a major transition from sports teams into fitness athletics. Give us a sense of where the company is right now. Absolutely. No. I think the way you described it as right that we've taken a company back to its roots. When Reebok came on the scene in the early eighties. It came on as a fitness band, particularly women's fitness brand. And there is so much opportunity for us and fitness and running. We spent the last four or five years really on this transformation of building back. Our fitness space to Adidas in two thousand and five became a subsidiary of how much of this was a was a desire not to overlap with a lot of things that Adidas was doing as well. Well, I definitely think that you know, part of the calculus is that there is an opportunity for us and Reebok to be complementary to each other. And that Reebok has this rich heritage and fitness and running space, and it compliments Jesus focuses on team sports and particularly in soccer space. So that part really work for us. And now our job at Reebok has to really take advantage of what's happening in the marketplace. Where so many people are kind of living more fitness lifestyle and magin that transition was not simple, certainly financially. How how much of the product that you guys had maybe four years ago stuff that you don't even offer anymore right now. Yeah. Absolutely. I mean. This was a tough decision from a business point of view. We had almost a third of our revenue about seven hundred million euros of business and team sports. Whether it was cricket in India or American football here. And we've spent the last few years transitioning from that those revenue streams to new revenue streams in the fitness space through our partnerships with you know, folks, like cross fed or less, smells, but also on the footwear side with some innovations that have helped propel the fitness for business as well. So what's looking forward? You've now kinda hit the reset button. It sounds like you've raised a lot of the kind of the revenue deficit that you had when you cut those out what is Reebok in the next five years. Now, you're absolutely right. We we've got gone through the process of anniversary the old team sport business with our fitness business. And if you looked at our revenue over the last several years where there's been some modest increases. But now we're in. Position where we've kind of reset the business take the US, for example, where the most transition needed to happen. We'll be back to growth in two thousand eighteen. And one of the things that's making this very advantageous for us. Right now is not only is the fitness trend, very significant. But we have this archive of classic models that are from the eighties and nineties that are really relevant for timing today. Yeah. So it's kind of connecting our heritage with our modern sport products and giving us a whole bunch of different opportunities. Wearables come in. And all this everybody with their workout. It's all digital these days. Everybody has to track what they're doing. They use online coaching. How does Reebok? Well market. You know, I think it's a really important point that, you know, we we're focused on making sure that we've got a strong loyalty program for our consumers. So they're connected to the types of exercise programs. They're interested in I think the actual like the hardware wish. There was a time where everybody was going to come out with their own piece of hardware that someone would wear for their run through central park. I think this is already clear that the hardware isn't the place where the Rams are going to participate as much more on the app side. But you're absolutely right. I think what's interesting though, that you mentioned that is there's definitely like almost two worlds where you've got some consumers have really leaned into the data, and they want to know everything. And then you've got another big consumers. You know, they're Fitbit is in there. Drawer and the kitchen, and they really don't want to know the data. They just know when they're feeling good. Or when they're not feeling good. And I think you know, there's a lot to be said for that. Because I think exercise should be a place where you can kind of like unplugging clear your head. Where are you on that spectrum? I know you're. I can tell I I mean to me it's all about like. I've ran my whole life. And now, I do a lot of cross fit and a few other things. But for for me, I really I'm not interested in the exact number of reps. I did. And what time it's just really about getting in there and going for it and some days, you're really good and other days, you're not his cross fit. The main exercise. You do. What's what's your there's effort where in our office? We have a wonderful gym. And we have just thirty different fitness activities that you can do one of them is cross feathers noon class. I do it with thirty or forty people every day at noon when I'm in the office. And it's a great way. Also, just you know, connect, and this is kind of related to your comment about connected devices. I think so much of what's happening in fitness right now is the community aspect people. The days of like going to a big jam and putting your credit card down. And nobody knows whether you're showed up didn't show up is kind of being replaced with these communities of people who are kind of keeping each other accountable and in cross fits a good example if you miss. Three classes in a row. Somebody's gonna call you up and say, hey, are you? So is the is the Reebok Jim Reebok? She's only. Oh, absolutely. Yeah. That would be a big mistake. Branding Nassir today. And it just so, you know, which adding with metal tools Reebok. How does a company get lead? Astray? How does it lose its focus? And now you have to come back to what you were. How does that happen? Well, I think that that's the key word is is that there's a lot of shiny objects out there in a big industry like sports world, and you can kind of spread your resources and your energy and effort attacking a lot of different segments. And unfortunately, if you do that it's difficult to really be meaningful to the consumer in any one space. And so that definitely we felt like was the case for Reebok were well known brand one of the top five brands in terms of awareness around the world, but we hadn't really established ourselves as being known for something with the consumer in a big way. And so we've got to go back and kind of reclaim our home court and then kind of build back out from their next. Evidently continue our conversation with the president and CEO Reebok metal tool about the kids market within Reebok kids very much today are emulating adults. And so a lot of what's working for adults as what's working for kids. But we think depending on your definition of. We're talking about teenagers. That's a different story. But you know, in terms of the pure kids market a lot of what works for us and adult market is what works for the kids market. You're listening to the Bloomberg business of sports from Bloomberg radio around the world. I never Novi Williams on Twitter at Novi underscore Williams. And I'm.
"michael barr" Discussed on MyTalk 107.1
"Love Leslie I just Michael Barr their that line every time, I heard I literally turned off. My Mike this time. When he still when he said that his. Disney gig when little. Girls they disquiet. And pay Oh. He's so great always so, great I, can't wait I can't wait to see if you just tuned, in I get. Them for the hour, for the TV show so are so much fun I told the controller room I said have your hand on the seven second delay button Ready be ready. To believe because he has, such great, stories I mean he's he's worked with every buddy I was I had. Melissa Peterman on the. Show, yesterday and Melissa Peterman from, REBA Fargo, and she just was on, young Sheldon Melissa worked with them obviously. I'm REBA and she said you know is funny is he. Is she goes what you also don't. Know you may not know, about Leslie is he is so fantastic, like is far as being a professional she said there was a they loved, him so much on REBA that he was one character and I don't know, if he died or whatever but they brought him back, because another character because they loved him, so much and he was taping any. Was so sick one day like deathly deathly sick, in Melissa said, but then, the moment they yelled action she said he was spotless lake lawless professional well and she goes you know I know. Other two, other actors where it would have been a huge piece of drama like. I can't, do this she said you never Ever would have known Leslie. There was a thing wrong with them. The minute they yelled action, you know he was quiet before the, cameras roll but wants that light comes on man he's she said he was, a pro fashionable so Leslie Jordan this weekend at camp in in in Saint, Paul guys we're gonna take a small break when we, come back we are the home everything, entertainment and that means the biggest entertainment. Stories of the day in the.
"michael barr" Discussed on Bloomberg Radio New York
"With scott saw schneck michael barr thank you very much for joining us we are here each and every week for you at the same time talking to the biggest names in sports michael barr is off now let's get into our interview with ray warren he's the president of telemundo their protests he oversees nbc universal telemundo enterprises growing sports business and leads it strategy across all platforms and networks he's responsible for developing opportunities in existing franchises and future acquisitions with a focus on the fee for world cup properties his thirty plus year career spans several senior level positions at leading at agencies and media companies he also held several senior sales positions at abc television network ray thank you for joining us oh you're on the line from moscow just attended the fica world congress where the big news twenty twenty six world cup going to the north american bid shared by mexico canada and the us and he'd surprises there were you surprised at all by the by the vote longest eleven and we were in conversations with us mexico and canada and they didn't see anything on that horizon and then on on august eleventh literally moroccan raised their hand and say we'd like to bid so that was a bit of a shock so we going down the road thinking us only and then became a us morocco businessmen seem like the us pretty strong dead but then there's some things you know started getting a little fuzzy on common certain people were making about the world cup and lights should be in the us and la la la and ultimately broncos pretty good i wanted go to go and then at the end of the day coaching pretty critical it'd be votes for the united states get down congratulations to you as well i mean you are the spanish language home in the us for.
"michael barr" Discussed on Bloomberg Radio New York
"Morning was shaping up as follows on the s and p five hundred futures slightly negative two points on the s and p dow futures down thirty three and the fx market eurodollar government nowhere at a us cpi this is bloomberg and now the news here's michael barr tom jonathan thank you very much president donald trump is telling reporters that north korea's denuclearization we'll have to be total and verifiable as he prepares to at home from his historic summit with kim john trump spoke with reporters today before air force one left singapore trump says the us will have to check north korea's denuclearization he says we're going to have to jacket we will check it total and complete he says everything he said out to do regarding kim had been accomplished primary elections are scheduled today in maine nevada south carolina north dakota and virginia global news twenty four hours a day on aaron antic talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm michael barr this is bloomberg michael barr thanks so much negative to dow futures negative thirty four what are we looking at well argentina's peso with a really difficult philippine peso doing week as well other than that pretty good yen one ten twenty six jeopardy's yen weaker this morning stay with us worldwide john farrow and tom keene this is bloomberg see through seventy that is the minorities foot in procedures tv but the ford escape does.
"michael barr" Discussed on Bloomberg Radio New York
"Hello i'm michael barr and i'm scott soft nick over the next hour we will explore the big money issues in the world of sports and talk to some of the biggest players in the industry on this week's show we talk with professional lacrosse player and co founder of rebel benchers paul rebel but first let's look the top stories of the week joining us as bloomberg business of sports report a eban novi williams and let's start with the nfl the owners just wrapped up a meeting in atlanta and they're still talking about the nfl and the big issue of the national anthem policy that was the problem for the owners that people were still talking about this and they fear the president tweeting about it when next season starts they just want this off the table however it seems to what they've done and i'm gonna use a football frasier seems they punted because i'm not sure this solves anything in essence if players don't want to stand for the anthem they can stay in the locker room but if anybody does come out and neil will then the team will be fine and that they can take any disciplinary action against the player it didn't take long for the union dirty come out and say well they didn't consult us and we're not so happy with us and we'll see if anything violates the cba so once again the player management relationship shows that it's fractured and it just seems that didn't solve anything so what happens if a player comes out and raises a fist is that the same as kneeling is that final bowl is that i it just doesn't solve the issue i think one thing this is going to create is a very clear delineation of where each individual owner stance on this i would imagine that we're gonna see some owners come out there and say you know i'm willing to play that fine for whatever player wants to kneel and there are certainly owners out there who are not going to say that they said it was unanimous i wonder if that happens the.
"michael barr" Discussed on Bloomberg Radio New York
"And exploit new channels with us he has global operating platform find out more at seiccomimagine his change tomen lisa food you so much grew most do you know on the dow with our news in new york city here's michael barr tom lisa thank you very much spacex successfully launched its falcon nine rocket this morning from vandenberg air force base in california yesterday's attempt was scrubbed due to windy conditions at vandenberg air force base the space x falcon nine rocket is carrying satellites this is bloomberg michael barr the upper thank you an exchange resumes ronkko today holds a second meeting at the white house on keeping students safe from school shootings president trump is bringing together state and local law enforcement officials a continuous conversation on school safety yesterday the president met with students and families of victims meanwhile the florida education association is urging the state body that manages pension funds for its members to sell its holding in companies that makes the ar fifteen semi automatic rifle used in last week's massacre at a high school embark linked thousands are expected next week's funeral for the reverend billy graham hours after his death construction crews were already installing the tent in the parking lot outside of the billy graham library in charlotte where the funeral will be held march ii president trump and past presidents were among the twenty three hundred people expected to be invited at president trump's daughter leaves today to attend the closing ceremonies of the winter olympics in south korea if lanka trump also plans to meet with south korean president moon jaein while in seoul tomorrow night and again spacex successfully launched its valckx can nine rocket this morning from vandenberg air force base in california global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm michael barr this is bloomberg bob michael barr surrey stepped onto their is watching the replay launch maybe i was the attention intention always taking a fever harassed his actress to his very good michael barr thank you so much greatly appreciate that green on the screen up to fourteen the vicks slams in one point three eight points eighteen point six two of the.
"michael barr" Discussed on Bloomberg Radio New York
"Radio with scott such nagin michael barr thanks for joining us let's continue our conversation with the deputy commissioner of the national basketball association mark tatum and market you talk about players having voices and not being free to use them lebron james himself is a media company at this point in the medium sure have changed to discuss if you would the possibilities moving forward and scalable media for the nba like you said this is a global game you can reach the world and when you get eyeballs when you aggregate eyeballs you can certainly monetize how does the nba planned to monetize all those eyeballs on all those platforms yeah that technology is a great enabler the vast majority of our fans will never be an nba game live and so so what technology allows us to do with to get that content to them however there consuming it on whatever platform their consuming it we're actually announcing uh that uh a new expanded partnership with the rising as an example to provide fans with greater access to our games and content ten cent bizarre largest international digital partnership in china uh the stream an entire season of life games and content to hundreds of millions of users on the pinsent platform each year um it october we announced a new partnership in japan their first ever with a north american sports league with the company rocketing um you know you you made no from the being on the jersey of fc barcelona it also the jersey badge of the golden state warriors put the um or a distributor exclusive distributor of nba content for live gains in japan and an equal that media is a multiyear partnership that we signed a couple of years ago and there providing fans all over subsaharan africa with access to nba programming more than nine hundred million.
"michael barr" Discussed on Bloomberg Radio New York
"From eisneramper at eisneramper dot com slash tax change while accrued presidential put down srs fresh global outrage pull it is from bloomberg's michael barr good morning michael good morning bob it is literally the foulmouthed comment heard around the world president trump question senators have in oval office meeting yesterday on why the us accepts immigrants from in search expletive word here countries like haiti el salvador an african nations rather than places like norway that's according to three people who were briefed on the conversation republic the congresswoman elena ross lehtinen of florida whose family emigrated to the us from cuba did not mince words in a reaction this is the president of the united states the leader of the free world making these racist statements the white house did not dispute the quotations president trouble travel to london next month to open the us embassy innings blamed the obama administration for it bloomberg's marcus carlsson has more from london donald trump took to twitter to announce he won't cut the ribbon on the new us embassy in london next month the reason he said is the obama administration's decision to sell the old embassy for what he called peanuts and spend one point two billion dollars of building a new one in an off location trump's move was fast reported by uk media late thusday the guardian newspaper said he decided not to come amid fears of mass protests and that rex tillerson would be sent instead the bbc said the uk prime minister's office declined to comment but was considering options for a state visit later in the year in london i marcus calls bloomberg daybreak donald trump has another first to look forward to june during this presidency his first physical performed by a government doctor fire and fury is already making altered michael wolff big money bloomberg's nathan hager reports the controversial journalist may have already earned a million dollars from his book about this function inside the white house he stands to gain seven point.
"michael barr" Discussed on Bloomberg Radio New York
"With scott sasha again michael barr thank you very much for joining us goldline's exterted next week our guest's know something about the world series he won two titles one each with cardinals them so we are talking about keith hernandez batted over three hundred seven times in his career won eleven gold gloves for his great work at first base currently an analyst at fox during the postseason coverage but during the reagan season you can find amman mets broadcast an esa and why key thank you very much for joining us my pleasure i wanted to start with sports as business windy ju as a player i realize that this was an all fun and games that sports was for you now a business what would always remain fun fun and a game uh but you do realize that the gap career for trade outofcourt at all i mean i only was created one to let go when i was over by the map apart last year included women and out a whole different ball game but i think when you when you're for your come up with the minor league with the royal created with the ball club for me no two and a half years in the minor league from eight math year infant lower stopped over a decade what the organization and a new praided thank you realize you had kind of a naive perked up soon the game of the profession and narrative bitten by a man obviously when they trade judo walk but one out clear not happy with you and you feel rejected i think that two big cold shower but you move on it out part of what do you get the sense that players today because not only sports business has become part of the consciousness of fans alike did they get a sense earlier in their careers perhaps even while they're in college miners that it is a big business and they better treated as such orbit currently no account to make a lot of money and they put over the top i mean one contract they can make more money than that i made what was your top salary i do i made who million which would cup story when i retire so today two million dollars is may be a backup second baseman is that or my stretching it too much more okay it.
"michael barr" Discussed on Bloomberg Radio New York
"Sports report i'm michael barr don't be like me the carolina panthers quarterback cam newton has apologized after he made a sexist remark to a female reporter at a press conference during this whole process sponsors are we joke i learned a valuable lesson yielded maker debt says it's cutting ties with the nfl huby in a statement bannon says newton's behavior is entirely inconsistent with our commitment to fostering equality and inclusion in every workplace the controversy began with putin asked about weld's we responded that it was funny de or a female reporter asked the question two daughters sisters the woman all around the world apologized for hawker and that is a bloomberg business of sports report i'm michael barr thanks for dinner alex this place is really grace it was the least i can do i wanted to congratulate you on the merger if you don't mind me asking how'd you managed to get the deal done so quickly honestly i couldn't have done it without marks pan marks pannos that your accounting firm right yes they help us manage the entire transaction and developed a crossborder attack strategy that was aligned with our objectives we considered acquiring an overseas company but there are so many complexities and regulations marks panhandle all of that force and more they really are the best we partnered with them for years you know you know i think marks panic can help us to i'm going to have to take you out to dinner more often we can say.