18 Burst results for "two six billion dollars"
"two six billion dollars" Discussed on Marketplace with Kai Ryssdal
"One company that is not worried about growth is Uber but the company at long last is starting to consider whether it should make some money. Now Uber says it will become profitable by the end of twenty twenty but not before losing in another billion dollars just like the roughly billion dollars at lost last quarter. What are the biggest drains on profitability? Is the food delivery service UBER eats. It is is growing yes but still losing money. But Uber says it's taken with eats in fact it's going to double down and streamline for some thoughts on what that looks like marketplace's Sabrina Ashore. Uber has been throwing money at overeats. They lost about six hundred million dollars in the December quarter about four hundred million. It Act two thirds of their walk came from Overeat Gene Munster as a founding partner with Luke ventures he says focusing on ubereats is still a good idea. It grew like a rocketship it was up seventy four percent which is ride in the US just to get some perspective were probably up five percent. An Uber basically has millions of captive active customers. These customers are hooked on Uber. For Rides there are sitting target for food. Delivery Services brand recognition helps to brad. Gas Worth is chief. Technology strategist strategist at Wedbush. They have the luxury of having more household name. It's already becoming a word. Used to travel raises Uber somewhere. You're not just going go somewhere. Uber is now trying to ditch. Anything that's dragging on growth for both rides and food delivery Mark Shmulik with Bernstein. If they're not number one or number two in a particular market they're either going to get out of it divested which is what we've recently seen with Uber Eats India or they're gonNA find a way to invest in that market to reach that number one or two edition Shmulik says Uber's other big strategy to become profitable is good old fashioned raising prices and taking a bigger eager cut from rides and food deliveries any company has to balance growth and prophecy says in Uber is shifting its focus to prophets in New York. I'm Sabrina sure. For Marketplace Warner Music. Group is the third largest record label in the country. A publicist artists including Ed Sheeran. Liz Oh Madonna and METALLICA. And and Warner is going public again. The label went private almost a decade ago when the industry was in pretty bad shape. But now things are looking up. Marketplace's Jasmine guards has more back in two thousand eleven. When Warner Music went private the music industry had been in a downward spiral for years CD? Sales were tanking piracy. Hi Rec- was rampant. George Howard teaches business at Berkeley College of Music. It was an abject wasteland for the recorded music industry. It was a really really really dark time what happened higher seat. Drove metallica to sue napster a platform that let people people share music without paying for it but the real change says music analyst Bob Left sets streaming services absolutely saved. The music industry certainly started with spotify spotify Apple Music Pandora and other platforms didn't take off immediately but streaming is now about seventy five. Five percent of the industry's revenue. Michael Smith teaches information technology and marketing at Carnegie Mellon. One Way to think about this is water. We've got water are found everywhere and yet people cheerfully pay a couple of bucks for a bottle of water. Because it's convenient. I can carry it around and I think exactly the same thing happened. With spotify Warner Music had revenue of one point. Two six billion dollars last quarter. Its Best Quarter in about fifteen years music. Sales are still not what they were. When CDs were king but streaming has labels feeling stable again or in the words of feeling good as hell? I'm Jasmine garst for marketplace..
"two six billion dollars" Discussed on Daily Tech Headlines
"The daily headlines Tuesday July thirtieth twenty nineteen. I'm Sarah Lane capital. One announced that a hacker I had accessed about one hundred million credit card applications some of which included Social Security and bank account numbers court records show that the F._B._i.. Arrested page Thomson who previously worked for Amazon and charged her with computer fraud and abuse capital one said that the hack will cost the company between one hundred and one hundred fifty million dollars in the near term but says no credit card numbers. There's or log in credentials were compromised and most social security numbers were affected Google plus two details about its upcoming Pixel four phones top Basil the Basil includes solely which it says powers motion sense allowing for gesture controls without touch Google's advanced technology and projects team developed solely which works with radar motion sense will be available in select countries likely because it works in the fifty seven to sixty Unlock as you're picking it up facial data never leaves the phone and isn't shared with other Google services same goes for silly and now for some earnings news while way reported a twenty three point a two percent year over year increase in revenue for the first half of two thousand nineteen and said it ship one hundred eighteen million smartphone units for the same period a twenty four percent jump compared to the same period last skier total revenue hit four hundred one point three billion won or about fifty eight point two six billion dollars and in a press release while we said that its operations are smooth and that the organization organization is as sound as in China specifically while way held a thirty eight point two percent market share in the quarter ending June and sixty four percent of smartphones that while we shift for the quarter were in China according to a report from research firm cantaloupes in Sony's latest earnings report the company said it sold one hundred million playstation four units which makes it the fastest fastest-selling console to hit that number. Sony says it sold three point two million P._S.. Four is between March thirty first and June thirtieth after announcing that ninety six point eight million units had sold in the previous quarter so it got to that one hundred million figure two months quicker than Nintendo's we. Sony smartphone revenue dropped by fifteen percent over last quarter though which is also less. than half of the number of smartphones sold in the same period last year just nine hundred thousand in total. It's a similar smartphone story with L._G.. The company saw record second quarter and the first half revenues and operating profit of five hundred fifty nine point one million dollars. Thanks to strong home appliance sales but it's mobile communications division saw sales of one point three eight billion at twenty one point three drop compared with the same period last year although an increase of six point eight percent over the previous quarter L._G.. Pointed to lagging demand across the whole sector the end quote continued aggressive pricing by Chinese brands Nintendo announced that as of the end of June of two thousand nineteen it sold thirty six In Department across seventy-five global offices which amounts to about four hundred people in order to cut costs and streamline operations following its May I._P._O.. which saw first quarter losses of one a billion dollars CEO Dr Carter Shot? He wrote an email to employees that were shared tech crunch that many Uber's departments are quote too big which creates overlapping work makes unclear decision owners and can lead to mediocre results and finally the Fortnight World Cup finals has a three million dollar champion sixteen year old Kyle Gears Dwarf Screen Name Kabuga the event drew two million
"two six billion dollars" Discussed on DLC
"We talked. A little on the show last week about the rumors that this would happen. And we were thinking was going to be a big layoffs around two hundred people. But man, it is an order of magnitude more than that eight hundred people. From from blizzard from activision, I have friends that were affected. A so I have some skin in this game myself. What was your reaction to this mega, man? How how did you feel about? Why never liked to see, you know, folks out of a job. But especially I was just a little bit confused on how how business and money works. Apparently where you can where you can hit a record high and still let go at eight hundred people. I mean, I've friends as well that that were affected in this. And seeing them, you know, talking about just like huddles of people in the parking lots crying like just just being like so negatively affected by what was going on. It really hit me hard as guy who I mean. I'm not probably not the best proponent for like keeping a job because like, I quit jobs a lot. But, but when you really enjoy what you do like Mickey video games. And then you work so hard to get a company so profit. -able then losing a job is just a manage. Just like the absolute worst case scenario, so Mahar early went out to these votes. Yeah. Minded too. I mean, it is it's hard to see as you said it. It's one thing if your company is hit with a rough year, and you know, you underperformed, you're you're, you know, you're just scraping by and trying to figure out ways to stay profitable. Or if you're CEO's are like we took a pay cut to. No, no, no, the official the official sentence from Bobby Kotik on the earnings call. This is a quote, quote, while our financial results for twenty eighteen with the best in our history. We didn't realize our full potential, so they made seven point two six billion dollars in profit or in sales. I should say that's not profit, but in sales, and that's the most they have ever made as a company, and yet they need more more more. And so you gotta gotta cut people. You gotta cut huge. Swaths of people and coach himself, evidently went home with something like twenty six million in compensation all told of for twenty seventeen. So you know, he's not giving up his millions. And it it does. It does feel a little scummy. You gotta you gotta say, you know. Yeah. I mean, it seems like if they had said, okay, pay cuts as one thing like you said if guys from the top or taking pay cuts to help, you know, kinda even things out and cushion, the blow that's a whole other issue. But for you to take on twenty six millions a we just didn't it didn't do what we needed to do. Sorry guys is really tough to to reenter off. Yeah. I couldn't agree more Christian. I'm sure I've talked a lot offline about this as well. I'm sure you agree. Yeah. It's you know. Capitalism in it's Purity's and roster form is. Difficult right at times, and we don't even live in a pure form of capitalist society here in the United States. But the idea of your best year ever not being living up to expectations or maybe even it's your best you're ever in Wall Street predicted you do even better. So there, I don't know. This is the case for activision. I didn't look at their full financials. But there are scenarios where a company has record profits record revenues, but Wall Street predicted they'd be even better. And since they didn't hit those expectations their stock price still takes a dip. And then since they're public company, the executives are left wondering like what they can do to create that revenue for their stockholders, which are people like the three of us, perhaps, you know, for X company, or whatever it is right in some usual fund or some retirement savings plan, or whatever it is. And then this this weird world of the micro and the macro in the personal and the global side of things that is it's hard to stomach at times. Right. Where it's you need to be continually creating more. For wealth to continue to be successful versus like what's wrong with. Hey, we did it again guys..
"two six billion dollars" Discussed on Elvis Duran and the Morning Show
"Gandhi. Okay. All right. Let's go. What do you have? All right. We already know how the Super Bowl went down yesterday. But you might have missed Mercedes-Benz who was the sponsor of the game tweeting, and then deleting if this wasn't being played in my stadium. I would have driven away by now. Had gotta love them for that. Punxsutawney? Phil did not see his shadow on Saturday, which means early spring should be coming. If you believe in that our guys who handle animals reptile, Matt and Alex is that true affect Saluto. You. Alive layoffs. And if you don't have to live. Of course, it is. Spraying. Now, it's not not even a little bit. Maybe. But that groundhog doesn't know like around Tex Alex's voice doesn't match what he looks like really. Is that supposed to me? I don't know how your dad. All right said GM that they talked about in November are set to begin today. They're going to get rid of four thousand salaried employees. And they think they're going to save up about two six billion dollars that they want to reinvest in electric cars self driving cars and all kinds of different technology. The jury in the El Chapo trial is going to convene today and start deliberating. It's been about three months. We're finally going to get an answer pretty soon. It's been crazy trial. If you haven't been keeping up with it. Some plot twists all over the place over there, the National Transportation Safety board investigating after at least five people were killed when a plane crashed into a house in California. John plane roles to your living room cannot imagine the pilot and four people inside the house died as well. And we talked about this. But I think it's really cool worth repeating. If you have between three hundred and five hundred thousand dollars laying around you can buy.
Business News Roundup
"You're listening to the spoken edition of the San Francisco Chronicle. Business. News roundup by chronicle news services from business agile agile int- AGI Elian T technologies on Monday reported fiscal fourth quarter profit of one hundred ninety five million dollars. The Santa Clara company said that its earnings suggested for one time gains and costs came to eighty one cents per share. The results beat Wall Street expectations of seventy three cents per share. The scientific instrument maker posted revenue of one point two nine billion dollars in the period, which also beat street forecasts for the year Angela reported profit of three hundred sixteen million dollars or ninety seven cents per share revenue was reported as four point nine one billion dollars for the current quarter ending in February agile, it expects its per share earnings to range from seventy one cents to seventy three cents. The company said it expects revenue in the range of one point two six billion dollars. To one point two eight billion dollars for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue up one point two eight billion dollars agile and expects full year earnings in the range of three dollars to three dollars five cents per share with revenue ranging from five point one three billion dollars to five point one seven billion dollars into it into it said Monday that it had a fiscal first quarter net income of thirty four million dollars after reporting a loss in the same period a year earlier, the Mountain View companies earnings suggested for one time gains and costs were twenty nine cents per share. The results surpassed Wall Street expectations which were for earnings of eleven cents per share, the maker of turbo tax QuickBooks and other accounting software posted revenue of one point zero two billion dollars also topping forecasts for the current quarter ending in February into it expects its per share earnings to range from eighty five to eighty eight cents. The company said it expects revenue in the rain. Range of one point four seven billion dollars to one point four nine billion dollars for the fiscal second quarter.
"two six billion dollars" Discussed on WSJ What's News
"With what's news from the Wall Street Journal. I'm Anne Marie for totally and New York. The US growth rate has hit three percent. But Wall Street Journal chief economics commentator, Greg. If says, it isn't sustainable well at three percent rate required us to draw down on a finite supply of available workers that can't go on forever because eventually run into workers. And it's also dependent on a couple of one off effects, for example, a tax cut that will not be repeated a boom in oil prices that is probably not going to be repeated and a bull market in stocks. Which seems to be stumbling we'll have the details, but first here are some top stories US companies are passing higher costs along to consumers Wall Street Journal reporter Austin Hubbard says higher tariffs and truck and costs are among the reasons why for the first time in a number of years a lot of companies in recent weeks have said that they want to raise prices, and that they are going to be pushing through price increase. Next year, and some communists. We spoke to think that inflation could hit the highest level. It's been since the recession Clorox and Coca Cola are among those that reported raising prices and the latest quarter. Fears of climate change are undermining the value of once coveted coastal property. A Wall Street Journal analysis of counties in sixteen states found that the prices of homes in high risk flood zones failed to keep pace with those further inland and not at risk of flooding for more on the journal series, the price of climate change head to our website wsJcom in the past year too. Big beer brewers Molson Coors and constellation brands have announced plans for cannabis infused beverages in Canada. But the CEO of soda giant Coca-Cola says his company will wait to use cannabis derived ingredients until their legal and their scientific consensus that they're safer deli consumption. The company is also waiting to see whether there's consumer demand for such products. AIG reported more narrow losses in the third quarter compared to a year earlier the insurance giant posted a one point two six billion dollar loss in the latest quarter with catastrophe claims from hurricane Florence in the US and typhoons in Asia. Last year's loss was higher due to three hurricanes in a row hitting the Caribbean and the southern United States. Still to come. Why the US is three percent growth rate may not be sustainable? This is prudential outfit seekers.
"two six billion dollars" Discussed on Bloomberg Radio New York
"Dot com. The NASDAQ took a plunge into correction territory Wednesday as a selloff in semiconductor stocks continued to rattle the market. The tech heavy index dropped more than ten percent following several disappointing earnings including Texas Instruments. Does that mean conductor company missed analysts estimates? Posting four point two six billion dollars in revenue. Well, also issuing week fourth quarter outlook the forecast is bad news for investors who've already seen the Philadelphia semiconductor index fall ten percent this month and his tensions between US and China trade continued to escalate the companies warning of slowing chip demand. Here discuss Bloomberg TV's markets editor and co host of Bloomberg markets. Why'd you miss romaine Bostick and on the phone. We've got people managing director and senior analyst Tori fan Berg. So romaine I'll start with you. What is behind the chip sell off? Well, I've been a lot of it's about economic slowdown. I mean, look there's been a lot of analysts out there that have said that we're sort of at the end of a cycle, and this is a cyclical sector, and I think what you're hearing from. Companies only Texas Instruments, but you look at M K S instruments. You look at a lot of the European chip makers as well. And you're not seeing the kind of read through into the economic conditions. Whether it's building for computers or for smartphones. Or for cars, all the other items that are out there. We're just not seeing the the read through in terms of orders. So you're seeing inventory buildup for some of these companies who pricing pressures for some of these companies, and as they're giving forecasts for twenty nine hundred m beyond their really not giving investors anything to hang their head on. So do you see this? As a sustained problem is this the new normal. It's a very good question. And look at the industry, it's been very. Two years. Coming up. Consecutive years of growth, if you look historically industry, it, you know, I think the longest growth we've seen in years so perspective. It's probably not a big supplies that we are starting to now see the reversal of the grill the big the big topic. Of course is really the the actual. From china. And I think that's anyone's Garrett. Progressively fuller. Romaine walk us through what these valuations in particular are telling you in the context of what we're seeing in the broader market, which isn't great. Well, yeah. When you look at the broader tech market. I mean, you're talking about a sector that it was essentially overvalued, and it was very overcrowded trade as well. And when you start to look forward again looking forward at what the future earnings are going to be what their revenue growth is going to be and what their pricing power is going to be for a lot of these companies the outlook isn't as good luck. We're we're still expecting nine hundred percent growth four EPS for the tech sector as a whole. That's good that's high on historical basis, but it's actually lower than what you're going to get out of the broader p this is the first quarter in during this bull market where the tech sector is going to have earnings growth that lags the broader market, and these are also the stocks, of course, that have had the highest valuations over the past eight years, so at some point you have to say, okay, let's revalue this. And let's take a look you have NASDAQ one hundred now trading at twenty four times price to earnings. Even when you look at price to sales to take in better account of the nature of these companies. It's still about three point four times sales on annual basis. Well, above the s&p five hundred and you ask yourself as an investor. Do you want to pay that? So this is a space that has seen tremendous emanate over the last several years, and then more recently a lot of failed. When you look at broadcom, Qualcomm, Qualcomm and X P do you expect the current state to put a chill on deals going forward? Has been pretty tremendous in the space allows five years, but you know, we've been sitting at the beginning of the year. You know that that? Emanate party is is ending. And there's two reasons why first of all. On the political front, and certainly it comes to regulatory issues. It's been very very challenging to to get emanate to go through, you know, whether that's in China or the US. Of course is the financial. So as interest rates go up to capitol these things on the rice, and you know, one once that happens, it just going to be more and more difficult for companies to make the math work. Especially for the actual acquirer of another asset. All right, Steve Nicholas's, Tori, fan Burke. Thanks so much along with Bloomberg's romaine Bostick. Of course, we'll continue to watch the chick market as it stands up. It's been.
"two six billion dollars" Discussed on KCBS All News
"Two. One there we. Go all, right Mohammed new, route share of, the transbay joint powers authority cutting the ribbon which officially marks the completion of the, region's largest and most statically pleasing transit hub a big party inside the centre, with local legislators, and transportation, officials on hand including, house, leader Nancy Pelosi and San Francisco mayor London breed representation of what, can happen, when people worked, together public private nonprofit, community an incredible accomplishment not, just San Francisco but for the entire region, the, entire state of California be two point two six billion dollar transit center here on mission street includes a hub for thirteen transit agencies with plans to support high speed rail when, and if it's ever completed in San Francisco Scotla Terry KCBS a plan to prevent flooding in the south end of the San Francisco Bay got a boost last, month when. The federal government. Offered up One hundred, and seventy seven million, dollars in grant money KCBS, Keith Mancunian reports state and local officials gathered. Yesterday, to celebrate that funding boost Senator Dianne Feinstein is a major backer of the plan she was on hand for the gathering that took place at a wildlife refuge just on the, edge of the bay she noted the urgency for flood prevention as global warming brings rising sea levels things about global warming are likely to happen very quickly In some big event. The multi your plan calls for the construction of levees along with the restoration of wetlands that will also help absorb excess water Linda lozad of the Santa Clara. Valley water district board of directors says. The first phase of the project will begin with work in and around. Viso we're going to be addressing sea level rise. We're going to be addressing the potential for flooding. In the community and she says. This is just a start in total they'll be taking the, restoration work to eleven different areas up and down the, peninsula where we're going to be restoring wetlands and taking the bay back to. Nature, construction is expected to begin next year they'll begin gathering materials immediately in the south bay keep been Coney KCBS you can eat at. A restaurant without a menu sometimes it's easier if you know what you expect so here's the menu for.
"two six billion dollars" Discussed on KCBS All News
"New two point two. Six billion dollars Salesforce transit center big Three Two One Congratulations everybody newly chief and chair of the transbay joint powers at thirty Muhammed, new cutting the ribbon that marked the completion of this sprawling expansive transit hub serving the East, Bay San, Francisco the peninsula really the states with Muny AC, transit greyhound, bus Sam, France and the future high-speed rail all headed their big celebrations inside the facility transit officials and legislators on hand including East Bay assemblyman rob, Bonte who was instrumental in getting the center up and running huge day and day to be proud. Of and it's kind of what you do all the hard work over the years and keep that stick to it Ness and persistence for days like. This, really it's a spectacular facility Muny direct red. Riskin this is kind of. Silly we should be providing the transit riders and the neighborhoods No they're coming. In and out of the center officially opening on Saturday in San Francisco Scotla Terry KCBS firefighters, are making progress against the Mendocino complex fires the largest wildfire ever recorded in California history however state fire officials say that, blaze which has now burned an area slightly larger than, Los Angeles still. Threatens thousands of homes and other buildings the two fires that make it up, the river fire is now ninety percent contained but the ranch fire which is five times the, size of, the river is at about fifty three percent containment, meanwhile the, car fire, near reading is currently up fifty one percent contained he CBS news time three twelve the sportsline coming up the Newswatch sponsored by Pacific coast, termite every hiring manager knows that a company is only as good as the people it's made from..
"two six billion dollars" Discussed on WAFS Biz 1190
"The end of twenty twenty that news came as the carry reported a seven and a half percent increase in third quarter revenue hairline sees a record fullyear underlying pretax profit of up to one point two billion dollars it's a disappointing message from snapchat these recent shakeup in terms of the revival that they're aiming for has really dan the absence fortune while it hasn't gone down one user girls and sales slowed even more in the first quarter amid a public backlash parents that says revenue gains in the current quarter will be even smaller that sent shares plunging and extended trading ceo evan spiegel says the changes will work eventually steve palmer says he sold his entire stake in twitter at the milken conference in california he explained why sold my twitter steak are sold sure i own summit index funds but i did i decided hey i'm not really excited as a profession to be an investor great thing to do but probably not for me indeed the price look pretty good bloomberg l p produces a global breaking news video network for the twitter service that's your bloomberg business flash let's get you some breaking news hitting the bloomberg from standard chartered then i cut her adjusted pretax coming at one point two six billion dollars the estimate was for one point three three billion dollars so then is a marginal miss you're also looking at comments in terms of strong wealth management that's being identified they're also talking here about transaction momentum in particular here also adding that broad based income growth was at the top of the targeted five to seven percent we're just going through these lines for you see ratio this is another key one thirteen point nine percent yesterday was thirteen point six percents so slightly higher on that cat ratio and then again you'd they're seeing that transaction banking momentum they're talking about macro economic conditions that remain favorable and they're really again yet another pin in a wide board of banks that happened reporting over the last few weeks and a positive outlook from their end and in terms of the first quarter pretax at one point nine billion a marginal missed and in terms of the estimates but overall a positive outlook from standard chartered in terms.
"two six billion dollars" Discussed on Bloomberg Radio New York
"Has ordered six additional boeing's dreamliner moved that will bring its fleet to fourteen by the end of two thousand twenty that news came as the kerry reported a seven and a half percent increase in third quarter revenue the airlines sees a record fullyear underlying pretax profit of up to one point two billion dollars it's a disappointing message from snapchat these recent shakeup in terms of the revival that they're aiming for has really dampened the absence fortune while it hasn't gone down user growth and sales slowed even more in the first quarter a public backlash parents snap says revenue gains in the current quarter will be even smaller that sent shares plunging extended trading ceo evan spiegel says the changes will work eventually former microsoft ceo steve balmer says he sold his entire stake in twitter at the milken conference in california and he explained why actually sold my twitter steak so i'm sure i own summit index funds but i did i decided hey i'm not really excited as a profession to be an investor great thing to do but probably not for me it'd be the price look pretty good bloomberg l p produces a global breaking news video network for the twitter service that's your bloomberg business flash let's get you some breaking news hitting the bloomberg from standard chartered then i cut her adjusted pretax coming at one point two six billion dollars the estimate was for one point three three billion dollars so then is a marginal miss you're also looking at comments in terms of strong wealth management that's being identified also talking here about transaction momentum in particular here also adding that broad based income growth was at the top of the targeted five to seven percent we're just going through these lines for you see ratio this is another key one thirteen point nine percent yesterday was thirteen point six percent so slightly higher on that cat ratio and then again you'd still seeing that transaction banking momentum they're talking about macro economic conditions that remain favorable and they're really again yet another pin in a wide board of banks that.
"two six billion dollars" Discussed on Bloomberg Radio New York
"Asia hong kong defectors central bank has brought three point two six billion dollars of the local currency the first such intervention since two thousand and five bloomberg's rishaad salamat has more we've had a pegged exchange rate here since nineteen ninetythree but this was the first time under the latest structure the h k monetary authority acted up to the local dollar slid to seven point eight five the weekend of the convertibility range allowed the hkma has record foreign exchange reserves and is thus in a strong position to defend the hong kong dollar to be fair there's new evidence of any speculative attack but the intervention is still significant because the buying has the potential to lift borrowing costs by draining liquidity and that might just be a sign that the end of easy money is coming in hong kong i'm rishaad salamat bloomberg daybreak asia and airbus has set to win china's approval for the general electric powered version of the a three twenty neo jet final certification is imminent after the turbo pan power unit was signed off by chinese regulators last week approval has been anticipated last year but it was held up as china sought recognition as an aviation certification authority we'll singapore has charted monetary policy today changing it stands for the first time in two years amid solid growth prospects this year the monetary authority increased the slope of the currency band slightly from zero percent signaling that policymakers would seek a stronger local dollar separately the trade ministry says early daughter show gdp grew four point three percent in the first quarter from a year ago let's get the latest now on all the market action we'll go to bryan curtis in hong kong brian all right we've got a very complicated backdrop here and something we haven't talked too much this morning about juliet is if the us does rejoin tpp does that constrain china a little bit so maybe you'll see a little bit of that reflected in the markets maybe not just here in the early going because we do see a balanced thanking index for instance just opening up six tenths.
"two six billion dollars" Discussed on Bloomberg Radio New York
"Unions and as threatened to file for bankruptcy if it doesn't get what he wants gm has already left europe india and russia we'll hong kong's defacto central bank bought a three point two six billion dollars if the local currency that is the first such intervention since two thousand five we get more from bloomberg's rishaad salamat we've had a pegged exchange rate here since one thousand nine hundred eighty three but this was the first time under the latest structure h k monetary or thirty acted after the local dollar slid to seven point eight five the weekend of the convertibility range allowed the hkma has record foreign exchange reserves and is thus in a strong position to defend the hong kong dollar to be fair there's new evidence of any speculative attack but the intervention is still significant because the buying has the potential to lift borrowing costs by draining liquidity and that might just be a sign that the end of easy money is coming in hong kong i'm rishaad salamat airbus is set to win china's approval for the g e powered version of the a three twenty neo jet final certification is imminent after the turbofan power unit was signed off on by chinese regulators this week approval had been intimidated a year ago but was held up as china sought recognition as an aviation certifying authority well singapore has taught and monetary policy changing it stands for the first time in two years amid solid growth prospects this year the monetary authority increased the slope of the currency ban slightly from zero percent signaling that policymakers would seek a stronger local dolan separately the trade ministry says early data shows gdp grew four point three percent in the first quarter from a year ago or let's get a check of the local markets here in the asia pacific doug maybe one of the reasons that we're lagging a little bit over what we saw in europe and the united states is we had these inexplicable big gains earlier in the week that perhaps somebody knew this was coming that's a good point hadn't thought about that.
"two six billion dollars" Discussed on KBNP AM 1410
"Pellett this is bloomberg markets luke yes we have our own journey from the blocked in a kaplan from e l a block she's in her los angeles bureau consumer reporter bloomberg news follows what's going on in the world of marijuana on a business level i'm assuming no judgment there too i did i kid any cowboy the eyes back with us hey listen we've been talking about pot stocks plunging uh on the us moving to revoke policies that allow the legalisation of mirror wanted to really spread across us states uh laid out for us a jetty what's happening here is uh basically attorney general jeff sessions has long been an enemy of cannabis he said he's he's no uh legitimate used for the plant and no reason why it should be legal but until this point he had an actually done anything um you know in a professional capacity that has changed policy from what it was under the obama administration until today through today uh the justice department came out and said that they are actually going to reverse the policies uh get rid of the what's called the coal memo and the ogden memos that were enacted under president obama that basically pave the way for the state legal marijuana industries that we have come to know today that it it's been a it's become quite a large industry it's two six billion dollars i was sixty dollars in two thousand sixteen and people say it's going to become fifty billion dollars by 20 26 and that's according to count on co two is the move by the justice department having any effect on legal marijuana sales in the state of california a little bit takao at this point i mean california just started legal sales on monday so it's a really big week iit would they very celebrate tori week for the industry until now uh and so it's not really clear we know that they're reversing the policy but it's it's not clear what that's going to look like on the ground whether that's going to be more federal enforcement or or what a lot of it i really just says it it's gonna go to the jurisdiction of the attorney general's in each state and so based on what the california attorney general has said before on it sounds like california growers might de defended um.
"two six billion dollars" Discussed on The Thinking Atheist
"The listed over five hundred million domestic followed by wonderwoman star wars the last jet i which is still making money guardians of the galaxy to spiderman homecoming and the stephen king horror thriller efforts by the way worldwide beauty and the beast his totally cleaned up it's made one point two six billion dollars in television news at the emmy's the handmaid's tale won best outstanding drama series welldeserved veep won for best comedy series last week tonight with john oliver one outstanding variety talk show and quickly the celebrities on icons that we lost in 2017 william peter blatty author of the 1971 bestseller the exorcist he died at eighty nine the iconic mary tyler moore passed away in january she was eighty actor john hurt seventy seven pancreatic cancer come the orca the tragic main character of the cnn documentary black fish died in january have you seen that film blackfish i've seen it twice and personally i will never go to see world again i just i'll never go classic battle star galactic of fans mourned the loss of richard hatch he died february seven th you know apollo from battlescarred galactic on the original apollo he died at seventy one cancer actor bill paxton had a stroke after heart surgery he died february twenty six he was sixty one he'd been an aliens and twister edge of tomorrow and he directed a great little in the film called frailty we lost judge wagner of the people's court february twenty six he was ninety seven legendary musician chuck berry passed away in march at ninety strangely chuck fairest died just three days later you know not chuck berry but chuck bear us the host of the 'gang show he was eighty seven comedian don rickles died in april that ninety j guy also the j gals band was seventy one aaron moran you know her as joni from happy days she died april twenty second she had throat cancer jonathan demme the director of silence of the lamps he died the 26th of april of asaf a deal cancer and heart disease powers booth the actor may fourteen th cardiac arrest he was sixty eight is most famous role was arguably the tv movie where he depicted the cult leader jim jones rodger ales former president of fox news died in a.
"two six billion dollars" Discussed on Bloomberg Radio New York
"And student loans topped eight billion dollars also a decline i mean cakes and i'm doug christner at bloomberg world headquarters in new york let's check the sauers top business stories and the markets to fed officials are playing down the risk of market disruption when the fed begins shrinking its balance sheet they are st louis fed bank president jim bullard and the president of the many apple as fed neil cash qari the tour also saying that soft us inflation is a problem not surprising since these are two of the fed's most dovish policymakers president trump is said to be planning to wait until at least two week maybe longer before possibly moving ahead with a trade investigation on china's intellectual property violations this is after chinabacked un security sanctions on north korea and administration official tells us the white house wants to encourage china's cooperation on dealing with north korea and its growing military capability however the administration does remain concerned about what the us perceives as china's violations of of intellectual property after the bell cbs reported quarterly results above estimates both on the top and bottom line suggested earnings per share from continuing operations ninety seven cents that was a penny above forecast total revenue at three point two six billion dollars meantime we had cheers in walt disney down by more more than one percent in the new york session and finishing below their 200day moving average disney will report earnings on tuesday we check markets every 15 minutes here on bloomberg right now in tokyo the nikkei 225 weaker by threetenths one percent hang sang is higher by less than one tenth of one percent in shanghai the composite index is up onetenth of one percent the kospi weaker by more than two tenths of one percent and in sydney right now the a sx 200 is lower by a tenth of one percent the us 10year treasury trading in tokyo to yield of two point two five percent global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm doug christner this is bloomberg this means charlie rose on bloomberg radio india's.
"two six billion dollars" Discussed on Bloomberg Radio New York
"Buying back stock adjusted pretax profit rose two six billion dollars while revenue rose four percent cfo in macau mci spoke to bloomberg earlier this morning we're very hurt apart her car foreign good revenue crossover coordinate purpose good good credit control and good called that was hsbc cfo in mci will hear more from that into these throughout the show and hsbc up two point four percent in hong kong trading right now to seek to note obese earnings come as well as lists have the highest rating consensus for hsbc since april 2016 now in other eko news this morning china's official factory gauge starved back and not jim july as a push by 40s to cut financial risk spreads bloomberg's found baker reports from hong kong china's manufacturing pmi came in at fifty one point four in july narrowly missing a fifty one point five number anticipated by bloomberg survey of economists this this was slightly lower than june when the figure printed at fifty one point seven but still above the fifty market separates improving from deteriorating conditions it was the twelve th straight month for manufacturing pmi was above fifty economists we're seeing positive early indicators sang the world economic sales managers index and rising metal prices the non money factory pmi was 545 and july slightly lower than the fifty four point nine level recorded in june this isn't a thannual baker bloomberg daybreak europe in hong kong meanwhile japan's factory output rebounded in june as global demand continued to support the economic recovery industrial production increased one point six percent from the previous month beating forecast the three point six percent decline in may partly reflected golden week holidays when many factories cut back output we also need to talk about the united states this morning narra president trump is looking to hit the reset button at the white house but crises on multiple fronts could compete for his attention bloomberg's nathan hager reports not for washington a general takes charge at the white house today is homeland security secretary john kelly steps in his chief of staff west wing infighting won't be all president trump contends with though he's still weighing a response to north korea's missile launches tensions with russia haven't gone away with vladimir putin ordering more than seven hundred fifty un diplomats out and the president's still pressuring senate republicans to repeal and replace obamacare though it's unclear whether he'll try to sink the law by cutting off subsidies.
"two six billion dollars" Discussed on KTLK 1130 AM
"Tomorrow at this time we may have an answer for you now let me tell you what we're headed toward this is from the nhs now this was from last year the british nhs the national health service health service this is what we're headed for a single payer system this is what the va is and this is why the va is so bad the socialized healthcare system they now said that in may of last year they spent three point two six billion dollars more than they actually had that's hospitals clinics and doctors three point two six billion so if you think you can buy the lie that this is going to save if everybody money your you're fooling yourself this is not an answer this is another prescription for the death of our country because it's all just going to be added to our bill please remind your congressman and san editors that that bill will not go away if we don't pay the chinese their money back if we don't pay people their money back all they will do is claim our land and our resources they will get their money back in north yorkshire hospital leaders have decided now to cut back and not provide hip or knee surgeries two smokers or those with body mass in this is a above 30 so if you're five ten and have a b m i of thirty that means you way to 109 powell's if you're five five while five five and you weigh a hundred and eighty pounds you're not allowed to have surgery why are they doing lewis yes in england listen to this major surgeries pose high risks for severely overweight patients and those.