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Bloomberg
Jun 9, 2017 12:30pm EDT
particularly in recent years? george sard: the biggest change is the compression of the news cycle we live with. it used to be that we would've mel at a press release of a deal we were melted and it wouldn't show up tomorrow morning. not everything in a 24-hour news out a-- we would mail press release of a deal and it would show up tomorrow morning. -- now everything is in the 24 hour news cycle. paul verbinnen: 25 years ago, we did not have internet or the cell phones. that technology that the challenged big media is also made it possible for people to go directly to their constituency. are in the news every day with the trump administration. how often do you feel like you know where the source of a leak comes from? are you able to share that information with clients? >> the place i would start to say is leaks are prevalent. we have done analysis to show the percentage of major deal leaks is up significantly in the last five years. oftentimes, it is hard to figure out where a leak came from. you never really know for sure. you can make good gases in terms of whether there was a motiv
Bloomberg
Dec 12, 2016 10:00am EST
for doing it and george soros paid a big fine. however, it isn't an obvious at all. in the u.s., or prosecutors have vigorously pursued insider-trading cases, there is defining what constitutes insider trading and what doesn't. there are also huge variance in penalties, with a maximum two years of jail time in france, with a maximum of 20 in the u.s. or south korea. the decision restored some, but not all of the levers lost by when anors in 2014, appeals court in new york narrow the definition of insider trading and made it harder to bring cases. it became a crime in the u.s. through judicial interpretation of a 1934 law aimed at cleaning up the 19 29 stockmarket crash. one of the most famous cases made a household name of ivan boesky, who was thought to be part of the inspiration for the character gordon gekko in the ." 7 film "wall street legislation against the practice until the 1990's. but after 2013 scandals embroiled prominent firms. the argument is that insider trading proponents contend it allows information to be incorporated into stock prices quickly, making the more accu
Bloomberg
Nov 2, 2016 10:00am EDT
andresidents statyed presidential hopefuls state including ted kennedy, the caucus, george h.w. bush. the list goes on. vonnie: is its history buffs who seek out these properties or do they market it to anyone? james: real estate agents with certainly argue it does add value, but i think that there is trick that george washington slept here. anyone in new england can claim some sort of historical providence. a lot of these places i mentioned have a much more direct connection, and i think that history rubs off a little bit on the value of the property. nejra: we have to leave it there, but it is a fascinating story. i urge everyone to read it. thanks to james. you can read more about luxury at bloomberg for your destination for the finer things in life. coming up, a pound power. certainly continues to gain against the dollar. we will continue this with a top ethics strategist at ing. that is next, and this is bloomberg. ♪ vonnie: it's 11:00 in new york. 3:00 in london. 11:00 in hong kong. i'm vonnie quinn. nejra: i'm nejra cehic in for mark barton. welcome to bloomberg markets. ♪ vonn
Bloomberg
Oct 20, 2017 10:00am EDT
way. i have the utmost respect for henry and george, and my partners at kkr. you are out of the industry you can be clearer eyed about the challenges private equity faces. in some respects it has none. there are things the industry needs to confront. what is top of the list? alex: let's dissect that if i can. investors, big institutional investors, even individual investors are recognizing the private equity deliveredt large has good risk-adjusted returns. decade. last which is been the most followed volatile. i think we start with the foundation the private equity has delivered significant returns. there are a lot of people who are either increasing allocations to private equity or coming into private equity. on the fundraising side it is a terrific environment for good reasons. the industry is more competitive. there are a number of firms competing at all levels. like in the industry that has delivered great returns, there has been a huge amount of talent. it is a more competitive industry. the industry has evolved. ago you looked at what we bought this business. there was ask
Bloomberg
Nov 7, 2017 12:00pm EST
former advisor to the -- to george w. bush. results could get an early indication of how that's november's midterm elections could play out. production in north america will grow faster than expected in the next four years. producee industry will 7.5 million barrels a year by 2021, 56% higher than opec forecast. cuts triggered an oil price rally that helped american producers. the first country to give women to vote now wants to close the gender pay gap. new prime minister says her government plans to achieve pay equity for women in public service within four years. swept to government power last month. global news 24 hours a day, powered by more than 2,700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. shery: coming up, investors are bracing for a third quarter results. shares of the company are trading below its ipo price and could be a sign of more to come. this is bloomberg. ♪ markets." "bloomberg weight watchers is our stock of the hour. we have more. the stock has really turned around since oprah winfrey took a 10% stake two years
Bloomberg
Oct 31, 2017 10:00am EDT
. the cooperation of george papadopoulos could be the bigger threat. 126 million, the number likely to get center of lawmaker scrutiny of tech companies. general councils of facebook, twitter and google are set to face questions from the senate judiciary committee on how they fail to keep russians from interfering in the 2016 election. and european research roles are shaking up the financial industry. paul hamill, citadel mobile head takekes, joins us with his and much, much more. , plus, more. we are 30 minutes into the u.s. trading days. julie hyman is to it breaking economic data. is on consumer confidence, coming in ahead of estimates. the confidence index rising to about.9 versus -- 125.9, quattro points better than estimated by economists. in addition, we have the chicago purchasing managers index higher than estimated at 66.6. very little change at this point in time, the nasdaq gaining a not muchre but movement. let's go to a there is movement deal talk and earnings. we have a lot to talk about. rockwell automation gassing up big as shares of emerson electric fall. emerson has
Bloomberg
Mar 7, 2017 12:00pm EST
and kurdish targets. said turkey also discussing plans to recapture islamic state. george michael died of natural causes as a result of a fatty heart disease. he was found dead at his home on christmas day in england. george michael was 53 years old. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. thanks. a check on u.s. stocks. we have been down all day. 29,033. s&p 500 down about .25. nasdaq down about .2. lower but still not with much conviction. let's go to abigail doolittle to see what is going on. abigail: well put in terms of declines. when we look at the imap for the s&p 500, a great way to look at what is happening sector wise. mainly red but some green creeping in. the battle between the bulls and bears. health care had been the worst now one of the worst sectors is energy down nearly .7. not surprisingly, this suggests the drags her big energy names, including exxon and chevron. are modestly lower, down less than 1%. the biggest drag from the s&p 500 down more. stocks are m
Bloomberg
Mar 6, 2017 2:00pm EST
president trump's revised travel ban. , bloombergime around intelligence analyst george ferguson believes that this has more to do with delta revising versus yields to the lower end of the range and investors are somewhat disappointed on that. george ferguson thinks that the airlines right now are a little bit optimistic about ayers. and that pressure could -- about fares. and that pressure could fall in the future. >> thank you so much, abigail. let's check in on bloomberg first word news this afternoon. mark crumpton will probably not be discussing franzen. mark: president trump signed a new executive order on travel. press secretary sean spicer tweeted this picture of the president signing the document. the order will restrict entry to the u.s. by people from six predominantly muslim countries. iraq is no longer on that list. syrian refugees will be treated the same as other refugees. effect march 16 and last 90 days. the administration says the new order was needed to address urgent security. according to a draft seen by bloomberg news. the communicating will be negotiated. back in ju
Bloomberg
Oct 25, 2017 2:00pm EDT
customers. tom leighton, ceo of akamai technologies georges and studio. great to have you here. traffic,of the strong is that sustainable and will that carry forward into the fourth quarter and 2018? i think so.: people are watching video online, at higher qualities, and that's the tip of the iceberg. we had 60 terabits her second last quarter. that is 12 million people watching at reasonable quality levels. you can imagine a future world onee 100 million people, billion people watching even high quality. runway left. -- a lot of runway left. pricet: the rally boasted targets -- what is it about the current industry environment that things are coming together right now for you? mr. leighton: in addition to media and video there is a lot of interest in cybersecurity. you look at the headlines every week of the latest disaster. that's were we have really compelling solutions. a business for us now is $.5 billion year in revenue and growing in the high 20%. we just unveiled a latest technology to use machine learning to differentiate between bots and humans. humans, when they hold
Bloomberg
Nov 15, 2016 10:00am EST
confirmed. a big spike in oil today following george stories. that.tulations on diplomatice final efforts being made to assure there is a deal come the end of november? >> we have two weeks to go to the meeting. is a lot of see meetings. multilateral meetings of ministers. the president of opec. algeria has played a huge role trying to get this deal together. venezuela, role of saudi arabia and iraq. we see meetings happening right now in rio where th are having meetings. see more meetings later this week when the .ussians will be attending mark: what does the compromise like? what will be the end game do you think? i think it is something the think currently is in the markets. and also internally to the domestic audience. shoulder most of any production. they want lipservice coming from other countries that alone.ll play so far we are not getting that. the main problem is we have only two weeks to go and there is a lot of work for opec to reach a compromise. >> sort of ignoring the non-opec countries recently. talking about algeria. our problems continuing for oil?ed to and do yo
Bloomberg
Jun 7, 2017 12:00pm EDT
christopher wray, who ran the justice department under president george w. bush. he called him a "man of impeccable credentials." and the united nations says the united states will not allow the u.n. to "bully israel" anymore. nikki haley spoke today in jerusalem after parading the un's top human rights body. israel attacked the georgia state unfairly. ambassador haley told the u.n. president "i have never taken kindly to bullies, and the u.n. has bullied israel for a very long time and we will not let that happen anymore." montenegrins flag has been o's flagt -- montenegr has been raised at nato, as they officially joined the military alignment -- alliance. it was called a historic day, now has anenegro equal voice of the table and the decisions the alliance makes. albania and croatia were the last companies to join -- countries to join nato in 2009. on mark crumpton, this is bloomberg. vonnie? vonnie: coming up, we will be heading like to the annual bloomberg in best summit, where winke; nkle re -- lreid will speak. this is bloomberg. vonnie: this is bloomberg markets, i'm vonnie quinn
Bloomberg
Oct 24, 2016 10:00am EDT
and florida, it will be enough. rove played a major role in george w. bush's campaign. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. final lisa parenti. this is bloomberg. vonnie: thanks. i want to break the headline now, the one falling to the weakest level on record. it is weaker by another quarter percent, versus the u.s. dollar. china yuan, weaker story. pboc is time to keep up with the u.s. dollar. that.l watch now to the big deal that everyone is talking about, at&t has agreed to buy time warner for 85.4 billion u.s. dollars. the ceo spoke earlier today about this megamerger on a conference call. >> we are convinced this combination of time warner and at&t is a perfect match for our 2 companies vertically integrated. we will bring a fresh approach to how the communication industry works for customers, content creators, as well as advertisers. vonnie: news of the imminent deal was reported by bloomberg news october 20. joining us is alec sherman, who has been doing stunning work on all of this. congratulations. let's talk
Bloomberg
Sep 26, 2017 10:00am EDT
income tax reform, the rate came down to 28%. it is now 40%. it was pushed up a little by george h.w. bush, then pushed up a littleclinton, and bit more by obama. i think there is a case for rolling back some tax increases. michael: gator talk from congressional republicans that tax cuts pay for themselves. that is not true? mr. feldstein: they don't pay 100% for themselves. they pay back part of it through higher growth through people choosing marginal tax rates coming down. they choose to get more of their income in taxable formed rather than in fringe benefits and perks. that reduces the revenue loss from cutting the tax rate, but it does not eliminate it. that is why we cannot bring down the corporate tax rate as much as some of the current discussion suggests. michael: you went through the original tax debate in the reagan administration. that took a couple of years before it was resolved. this administration is talking about introducing the outlines this week and having something done by the end of the year. you think that is realistic? mr. feldstein: the ways and means committ
Bloomberg
Nov 2, 2017 2:00pm EDT
worked for george h w bush funding the government and supervising financial institutions. a lot of experience before joining the fed. what do we know about what he wants to do? let us take a look at some of the things we know he has told us. he knows that economy is growing at about 2%, and we are close to full employment. inflation is going to move up to 2%, according to mr. powell. low productivity is the biggest reason we seeing depressed wages. no comments about whether tax reform would boost that, but this is something he is keeping an eye on. also on the economy and monetary policy, he believes the fed is very close to its mandate of the full employment and price the policy is currently accommodative, so it is appropriate to gradually raise the fed funds rate. below target inflation allows patience. that is why people are talking about him as janet yellen continuity. looking forward, he thinks the neutral rate may be lower than it needs to be. thanys it could be lower 2% or 3%, which would have important implications. the impact of balance sheet tapering, he is not worried ab
Bloomberg
Jul 10, 2017 2:00pm EDT
the years. , lot of them like george soros they made their money by spotting the trends early and some of the computers are taking over and doing that faster and better. we see very low volatility. a lot of managers are saying time when will be a volatility comes back and may be at that point, they can grab does problems again. data is showing over the past five years on average, they haven't really made any money. we have talked a lot of them going under. what about the survival of the macro funds when they have not been doing well for quite some time? >> they charge the highest fees in the industry. they have had that cushion there for a while. and the other, really, is that it continues to make some money if you're ready to make macro isagers betting that there some volatility there. we have seen a few bright spots. julia: actually finding risk-adjusted returns is incredibly hard. will they be trading more or less, taking more or less risk. that, they seeing take on more risk. --they were saying managers with bigger risk comes the potential for bigger mistakes. they go to that
Bloomberg
Aug 9, 2017 2:00pm EDT
a pair of two-term presidents. david rubenstein speaks to bill clinton and george w. bush, tonight. ♪ julia: this is bloomberg markets. scarlet: i am scarlet fu. julia: between geopolitical tensions and climbing earnings, a notoriously volatile month of august in a game of push and pull. we are joined by oliver. oliver: indeed, things are pulling in opposite directions. talked about tensions within the equity market. i think that is still largely the case. let's look at something that a lot of investors think about somewhat bearish lead -- bearishly. investors like to see a lot of plots moving upwards at the same time. that is not happening now. 500 index., the s&p in the white is your equal weight version of that index, in which the weighting of the companies does not matter. when this goes down relative to the s&p 500, that means fewer companies are participating in the rally. this bottom panel is the ratio between the two. it is a way to discuss the index beating the equal weight index. for investors, that spells warning because other companies are not participating. this char
Bloomberg
May 26, 2017 2:00pm EDT
reporter george leigh and oliver renick. plans to add what it calls countercyclical factors to its daily axing. what does that mean? recs it is more like a black box, no one knows exactly what it means. there seems to be an emerging consensus that it would stabilize the dollar and exchange rate. essentially what we would be seeing, is a period of repegging. : is it trying to prevent a collapse? [indiscernible] >> it is within a narrow range. it is trading between 680 and 690. on the other hand if you look at the yuan rate versus other including the korean won and the japanese yen, the renminbi is signing according to that index post by the china foreign exchange trading system. >> is this a temporary measure because they want stability heading into the meetings in the autumn, and in line with that, what does it mean for sdr inclusion because they make such a big deal about the liberalization and what message is that sitting out? and moody's mentioned the reason why they were willing after the downgrade to give them a stable outlook, was that because of capital controls because they
Bloomberg
Sep 29, 2017 2:00pm EDT
governor? i do ask because he did serve in the white house under george w. bush, was in charge of the day today, but was he an influential voice? not on monetary policy. during the financial crisis, he andone of the top bankers terms of reasoning with wall street. he worked with the banks and that. that, and had discussions on how to save the economy. a macro economist without with a note today criticizing his for cap -- warsh's forecasting ability. everyone is criticized for that, so how important is that of the job, ultimately? michael: it is important. we talk a lot about the fed is the economic projections, and the fact that -- the fed's economic projections, and the fact they have missed a lot of them. he would probably be relying on the staff quite a bit, and he help producing the forecast. that might be more mainstream because that is where the staff is coming from, but probably not a big deal where he forecasted a lot of inflation and it did not happen, because you can name a lot of fed voters this year who did that. scarlet: quickly, how much staff turnover is there when ther
Bloomberg
Jun 28, 2017 12:00pm EDT
rico versus its creditors , former new york governor george for jackie, and advisor -- george for tacky, and advisor, will be joining us. day,ay into the trading partially in the green. julie hyman is with us. more in the green than we were the nasdaq was unchanged at that point and it seems to have bounced off of its 50 day moving average, moving higher along with the other major averages. what is leading is not technology, not in the s&p 500. it is the financials, up more than 1%. a broad-based rally with no sign of red on this wheel. materials, industrial, consuming .ery -- consumer industrial as for the financials, a couple of things driving the gains. today, the bank, the second part of the bank stress test coming from the government after the close. more importantly, details of their plans to return capital to shareholders. they have to undergo the stress tests first. and other types of financials rising. america rise, prudential, raymond james all gaining, part of that because of the movement in the 10 year treasury. yesterday, a big increase in yields. itay, that has conti
Bloomberg
Jun 5, 2017 12:00pm EDT
, george michel. we should remind viewers that boston market is a closely held company, so no franchisees yet. that might be in the future but certainly not yet. george: we have 50 restaurants operated by the army and air force exchange. we just opened last week our first franchise restaurant in kuwait. vonnie: yes, let's talk about this. one of the things scheduled for the five years to 2019 was a great expansion by boston market in the middle east of all places. you are domestic and really almost nowhere else except the middle east. where are you? george: we opened our first restaurant and the next one will open next week in kuwait. once we establish the brand in kuwait, we will move into other countries in the gulf region, saudi arabia and potential egypt. vonnie: why the middle east? george: chicken is king. otisserie chicken does well in the middle east and it's a great product to have against fried chicken. theie: you must be watching current administrations dealing in the middle east closely. is there anything that could impact your expansion plans for the middle east?
Bloomberg
Oct 30, 2017 2:00pm EDT
the key things is george papadopoulos bullis cooperation with the indictment. these are not necessarily finite. could find out new information and have further of them or others. it will be interesting to see whether or not there are more charges brought forward to these individuals are new ones. that's the process. sanders sayingy he expects miller's probe to continue very soon. is wishful thinking given how much it seems to be expanding. >> definitely. she did not provide any information about why she going tothe probe is be wrapping up soon. the white house has sort of herod this line for summer months saying this is just a witchhunt that is going to be completed very quickly because there are no reasons for president trump to be prosecuted or involved or targeted at all by this investigation. it does appear the special counsel is looking at different ways to advance the investigation. he is continuing to have interviews and talk to people. he has called on the white house to preserve all emails and all information that may shed more light on what happened during the 2016
Bloomberg
Apr 17, 2017 2:00pm EDT
. bush, he under george does the ins and outs of the financial services industry. he was not very complementary toward elizabeth borak and one of the legislative tussle that they had. i would imagine she would remember that. she could, in syria, have another nomination. but she is likely to push back somewhat against him. >> why is it that donald trump seems to have such a fondness for private equity guys? they are dealmakers. what we have heard in the campaign enter the early parts of this administration, the president loves to deal. he does like to interact with people that speak his language, it seems. and in many ways, wall street very much stood on the sidelines. they have gotten increasingly close and they are not talking about regulation, the trade. these are people that have deep insight into different parts of the global economy and fill in some gaps were maybe the president doesn't have a lot of strength. on and itgo on and seems like we see someone knew coming into the administration with that sort of background. our go-to guy on the fed. don't miss these close of inter
Bloomberg
Nov 10, 2016 10:00am EST
one man in 1932, george gallup, he conducted a ball for his mother-in-law running to be secretary of state in iowa. it was accurate and she won but he's still got some predictions wrong. remember this headlines, one of the biggest headline election blunders was a result of incorrect polling, including gallup. morewere refined to become accurate and they grew exponentially as they did. today in u.s. there is gallup, rasmussen, 20 tx, reuters, even bloomberg and ask them. -- conduct them. it is getting harder to trust their accuracy because of the cell phone which is one reason. all calls to cell phones must be made manually which is not only time-consuming but expensive. also, since anyone receiving a call on her cell phone can see who is calling, they tend to not answer the pollsters call. --2012 the low response rates means it is becoming harder to get accurate responses and analyst are more likely to trust aggregations of polls like those created by 538, real core -- real clear politicsas they do not just focus on one poll. here is a lot of work to be done to find out why they keep
Bloomberg
Aug 16, 2017 12:00pm EDT
. - - denouncing the president and his lack of condemnation. >> the 41st president, george bush,ush and george w. they both put out a statement not specifically denouncing the president by name but coming out forcefully against nazism, white supremacy, making a very forceful statement in contrast to what the president did where he sort of equivocation between many sides and different groups, and also the senate majority leader, the house speaker, both republicans, the highest-ranking republicans in congress putting out statements over the last 24 hours that seemed to repudiate the president's comments even though they did not directly, comments about what the president said, they took a different strategy when directing this issue of white nationalism, white supremacy, and neo-naizis. they were able to denounce these groups without saying it's about both sides, and basically making it clear they are uncomfortable with the way the president handled it. vonnie: the trouble is these rallies aren't over. there was another statement you mention from the senate majority leader. it ostensi
Bloomberg
Oct 30, 2017 12:00pm EDT
. george popadopolus admitted making false statements to the f.b.i. and suggested donald trump meet with leaders during the campaign. and the government is cracking down on leaders of the catalonia independent movement. regional officials will be prosecuted on charges of rebellion. the attorney general has stopped short of ordering their immediate arrest. global news 24 hours a day powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg markets. mark: coming up on the close, we'll take a closer look at paul man forth's background and how he made millions of dollars promoting kremlin's friendly interest in the ukraine. that's next. this is bloomberg. vonnie: i'm vonnie quinn. mark: counting out to the european close in 14 minutes time. let's go over the indictments against foreign trump campaign advisor paul manafort. in a 12-count indictment he's accused of laundering $18 million to support a lavish lifestyle including buying u.s. real estate and defrauding financial institutions that loan money. bloomberg reported manafort made millions of
Bloomberg
Jul 19, 2017 10:00am EDT
kkr yesterday. -- firm appointed two copresidents. the likely successors to henry and george. what would you tell me about them and how it's going to change the way the firm does business? >> i would say it's not going to change the way the firm does business at all. henry and george are still completely committed to the business and the firm. it does freedom of for working this leaders is like myself and keeping the culture of the firm. i think that's quite positive in terms of how henry and george continued to spend their time and overseeing all of the investment activity at a leadership level. with respect to the day-to-day operations i think this is awesome for the firm because it gives both joe and scott an opportunity to get the rhythm of the global footprint in the firm in the rhythm of running a very large and dynamic organization. i am reporting directly to scott and joe and i think that's a reaffirmation of the franchise. erik: thank you for spending time with me. that's ralph rosenberg, global head of real estate at kkr. vonnie: thank you for bringing us that interview.
Bloomberg
Aug 24, 2017 12:00pm EDT
george has been calling for higher interest rates for years to head off inflation, but there is not enough inflation, at least not the target of 2%. michael mckee is an jackson hole for the kansas city fed's annual economic symposium. esther george if this was premature. i think about inflation, i think about our mandate, which is price stability. relative to an economy that is growing at 2% and adding jobs, i think we are in a good place and we still have very accommodative monetary policy. that tells me we should begin have indicated, gradually begin to remove accommodation, as long as reports indicate we are moving in the right direction, which i think we are. indicate another rate increase this year. >> that was my last forecast. each time we put that together is a new opportunity to look at the data. we will be looking at the data and seeing whether that still makes sense. based on what i have seen today, i think there is still an opportunity to do that. of the year,end not necessarily by september. consider a breakdown a commitment. i think it is a general sense of where rates
Bloomberg
May 10, 2017 12:00pm EDT
george w. bush and the number two position. you have not been shy to make tough decisions, even controversial. how important is it to explain why? some of the things people are reacting is the explanation to last august and what happened with the democratic administration and the democratic attorney general and that seems less implausible. all, was airst of week 12 hours into this? you know, i think making a demand for an elaborate as one nation 12 hours into it is an interesting objective but hardly critical. therek everybody will get -- and just what is going on and stop trying to turn it into world war iii. david: let's go back to the agenda. what is the most important thing the president should be focusing on? sam zell: i for sure do not think it is james comey. it is important as i think health care is an tax reform, at the moment, i think what is going on in the world and we have had eight years of no foreign policy and we need to get one quick. and i think what is going on in venezuela and the ukraine, what is going on in the middle east, they are the most important issue
Bloomberg
Dec 15, 2016 10:00am EST
fair lodging movement and former adviser to president and george h.w. bush. fred, it would seem you say this is a good thing, that leadership executive experience will be welcome in the white house over the next four years. great. think it is first, it reflects the views of the country, the people who elected donald trump. you will have big changes. when you look at the nominee for labor, education and epa, there will be big changes in washington. said the of the people country was moving in the wrong direction, they voted for change and they will get it. secondly, these are leaders, not just as s executives. not just political -- not just as this or political executives. from rick perry to rex tillerson, these are people who can read and get things done and connect the dots and move from one place to the other. vonnie: assuming we accept your thesis that these are who people are voting for, these types of individuals and that they are agents of change in a place like washington, d.c., how do you decide what policies that you agree with because you did not support donald trump when
Bloomberg
Dec 27, 2016 10:00am EST
as finance minister. he was just on-the-job one year. we are learning more about the death of george michael. his partner says he found his partner dead in bed christmas day. police are calling the death of unexplained but not suspicious. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. vonnie: thanks. we are less than one month away being sworntrump in. democrats are already preparing for a battle over taxes, warning the tax cuts directed at wealthiest will face united opposition. joining us now is our political reporter, kevin cirilli. we have gone a lot of rhetoric from the president-elect. does it appear he will go ahead with these tax cuts? he will.think perhaps what is more telling is that democrats are already mobilizing to oppose some of the president-elect's tax policy proposals. you have to remember that house speaker paul ryan has really made tax reform one of the crux issues of his speakership that he would really like to see through. i'll try and -- paul ryan has repeatedly tr
Bloomberg
Aug 23, 2017 12:00pm EDT
dow, american airlines and united both down in a big way, 3%, roughly 3% for both shares. george ferguson says this has to do with concerns about fares, somewhat a cautious note after raymond james after a management meeting with delta around potential pressures on airfares the oil up about 1%, that seems to be pressuring the shares of kansas city southern. some weakness for the transport. some weakness for consumer discretionary within the nasdaq, some of the bigger drags on the nasdaq, amazon down about 7/10 of 1%. after whole foods shareholders have approved the $13.7 billion deal. starbucks lower by a little more than 1% after cleveland research downgraded shares to a neutral. netflix down 9/10 of 1%. not quite netflix is down but it cheated, saying the solar clips on monday took away from their place by about -- why 10% of you watched a giant rock when i have always been there for you. a 10% of drop in place during pse.-- plays during the ecli nasdaq, in relation to its 200 day moving average, those rising. that tells us buyers are in control. this talks to the number of mem
Bloomberg
Sep 6, 2017 10:00am EDT
united airlines did cut their revenue view within the airline industry and george ferguson of bloomberg analysts say it is pretty sharply, so we see those sharply. back to you. julie: thank you w. -- thank you. we have overnight breaking news of the bank of canada raising and we see a drop in u.s. dollar versus the canadian dollar. the bank of canada saying it is raising rates to remove "some of the considerable monetary policy stimulus in place." at the same time, it is flagging risks to the economy and has a cautious tone. interesting they are raising but having a cautious tone but the dramatic market reaction, mark. mark: we are looking ahead to the ecb decision tomorrow. expected.h drama a little change, down earlier, about .4. the upon list to the lowest level since february. for the industry, the insurance industry, it is 33, close to being oversold. we rebounded from a decline of 1%, holding that first day decline with the first gain in three days. this is the european gauge, a fourth day.for the market is rising, the fix indexis the -- the vix is climbing earlier. even
Bloomberg
Nov 8, 2017 10:00am EST
you to frack multiple times along the lateral. in the 1980's, george mitchell, the father of shale, first pumped this in texas. this technique spread throughout fromhe major shale areas texas to north dakota, and companies continue to innovate, drilling multiple wells in one small area with pipes in different directions underground. they can produce one barrel of oil for half the cost of what they did four years ago. efficient companies get, the more oil the u.s. produces. the u.s. is close to overtaking saudi arabia as the world's top oil producer, all thanks to fracking. just a taste of what you can get thursday night at 9:00 p.m. but it sets the stage or why the continuing revolution in tracking and shale could say -- shale could stay solid. i will be down at the new york stock exchange. pivotal because when you're ago, he was like, i am reducing debt, boosting buybacks and not spending on growth. everyone said he was crazy but now the industry is doing that. what he does today could outline what the industry is doing in one year. i am looking forward to that conversation. vonni
Bloomberg
Aug 24, 2017 2:00pm EDT
gathering for the tracks and whole summits -- jackson hole summit. asked george if more rate hikes would be premature with inflation below the fed's target. >> i think about our mandate, which is price stability. relative to an economy growing at 2% and adding jobs, i think we are in a pretty good place. we still have accommodative monetary policies. that tells me we should begin to gradually be removing that accommodation. as long as the outlook supports that we are moving in the right direction. i think we are. michael: that suggests you are in favor of another rate move? esther: it shall we put that together is a new opportunity to look at the data. i will look at it in the next excess we get ready for the september meeting and see if it still makes sense. i think there is still opportunity to do that. end of the year, not necessarily in september? er: no, i think it is a general sense of where we should go. michael: to what extent is inflation a lagging indicator? it develops curve broken -- is the phillips curve broken? what happened to inflation? many people are setting that issue.
Bloomberg
Nov 14, 2017 12:00pm EST
to investigate dealings of bill and hillary clinton. he now says he recalls a meeting with george papadopoulos. >> jeff sessions with a fiery hearing with the house judiciary committee when several on both sides of the aisle are putting him in the middle of what has been an ongoing investigation into russia. democrats criticizing him and trying to decipher what he knew and when he knew it. as the robert mueller pose -- probe operates in the background. republicans also try to understand why the attorney general and the justice department have not gone after hillary clinton. dealings with russia with the uranium one deal and other issues the republicans have raised. and whether there will be a special prosecutor in investigating hillary clinton remains to be seen but have acans think they republican -- a opening and try to seize in it when republicans have raised concerns about the russian involvement with the election. julie: it seems like jeff sessions is caught between a rock and a hard place with democrats and republicans. his office has said it is now investigating the iron --
Bloomberg
Jun 22, 2017 12:00pm EDT
. director jim comey. in the next hour, we will be speaking with george mathews, c.e.o. of california-based drone company. about his meeting with president trump. yes, it was a c.e.o. tech meeting today, too. this is bloomberg. ♪ >> is 1:00 in washington, 6:00 in london. from bloomberg world headquarters in new york, i'm julie hyman. welcome to "bloomberg markets," the trump economy. here are the stories we're watching. it replacement for obamacare. mitch mcconnell says the final vote may come as early as next week. regulators say they are ready to roll back ranking world saying the rule is too complicated. president trump has his own jobs crisis. how the administration passes in ability to fill millions of vacant government jobs is hobbling his agenda. ♪ julie: bloomberg reported there were not tapes of president thend trump's meeting with fbi director james comey. the president just tweeted with all the reason the recorded electronic surveillance, unmasking, and legal leaking of information, i have no idea whether there are tapes or recordings of my conversations with james come
Bloomberg
Aug 2, 2017 2:00pm EDT
consideration. in a letter to the white house, george said his chances of being refirmed were remote and
Bloomberg
Aug 29, 2017 2:00pm EDT
obama, or george w. bush, or president clinton? at this point,k, it would make a difference, certainly with respect to party. i do think in the next two or three months, we are going to have a number of opportunities topreserve -- tw observe the predictability of our presidential administration. the trade negotiations between mexico and canada, and china, and if the world reaches the conclusion, collectively, that our administration is very difficult, or unpredictable, to deal with, that is a negative, not only for the markets but for the world economy. >> given the insurgencies -- given the uncertainties right now, what is the lesson for the investor? how should the investor prepare for the wide range of possibilities? there is decade-long research about how difficult it is to figure out when exactly to get of the market. and i'm pretty convinced by the research, that no one can do that extraordinarily well. history, therein were people who became very famous for predicting the crash of 1987, for the financial crisis in 2008. most of those people predicted one of those things accurate
Bloomberg
Aug 16, 2017 2:00pm EDT
george h.w. bush and president bush coming out with a statement . it you will recall president trump's provocative comments about george washington and thomas jefferson statues being next. a tip of the hat and a reference from president bush to the declaration of independence. and one of charlottesville's most famous residents in terms of talking about the message of equality for all and not accepting bigotry. pressure both from politicians among republican ranks and from business leaders as president trump now tries to recalibrate for a fifth day in a row. what about members of his own administration? he clearly took his aides by surprise. he was meant to make a statement and step aside to answer questions on infrastructure. not look pleased, though it is hard to read his expression because he was looking down at his shoes. margaret: yesterdays are marks caught a lot of people off guard and left them dismayed or uneasy. surgingrt of a overnight into today. it is now wednesday afternoon and we do not see, at this time, any high-profile departures or any department chairs -- departures.
Bloomberg
Nov 8, 2016 10:00am EST
. we no longer have landslide mandates. kim: george herbert walker bush was the last president to gain more than 75% of the electoral college votes available. we are on a streak of six consecutive presidential elections in which that has not happened. it's a sign of a lot of things, including the closeness in terms of the division in america. vonnie: i guess it could be a .ign of divided electorate in the sense that there is somebody on the one side and somebody on the other and it is balanced. what happens if we get a very slim majority today? is there a concession speech on the part of the other candidate? kim: one would hope so. i don't find it to be terribly -- terribly important. it's not going to cool the hot partisan rhetoric much less the politics in this town. at the next president is going to have to assume the mantle slightly damaged from a contentious campaign. congress office with narrowly divided among democrats and republicans in both houses. that won't make for easy sledding. mark: how does the country right itself? you call the election campaign disgusting, wastef
Bloomberg
Apr 19, 2017 12:00pm EDT
impact five of 12 u.s. destinations starting next month. in houston, former president george h.w. bush has been hospitalized with pneumonia. mr. bush's 92. according to a family spokesman, bush remains under observation and will not be discharged today but looks forward to going home soon. global news 24 hours a day powered by more than 2600 journalists sent analysts in over 120 countries. i am mark crumpton. this is bloomberg. vonnie: thank you. coming up, a dialogue, 20% in early trading less tuesday after annalyst suggested apple may stop using its chips. to be is getting tougher an iphone supplier. this is bloomberg. ♪ vonnie: this is bloomberg markets. i am vonnie quinn. bad news for apple's's top suppliers, which gives apple more leverage to negotiate lower prices. head of the new iphone launch later this year. uber technology reporter alix joins us with more. on the face of this, it is a good time to be apple. you have a little leverage with suppliers, much like walmart did for a long time with its suppliers. -- when we hear what will be in the new iphone, apple suddenly
Bloomberg
Jun 26, 2017 12:00pm EDT
%. george ferguson says this everything has to do with ketchup that the stock has been lagging the overall airline space. vonnie: abigail, thank you for that one. sticking with airline space oddly enough, turning now to indian prime minister narendra modi's visit to the white house today. they are expected to discuss economic partnerships between the two countries. traveling with the prime minister is our next guest, ajay singh. thank you for joining us. what would be the best possible outcome today? ajay: i think it would be great if these two guys got to know each other really well and i think it would be great if they understood the strategic importance of each other. i think it's really important for india and the u.s. to work because,for the future as you know, india is one of the fastest growing economies in the world. we are building 100 smart cities. we are building incredible numbers of airports, ports, and roads. we have the potential to create a tremendous number of jobs for americans. it fits well with president trump's america first policy. and we are hoping that ameri
Bloomberg
Jul 17, 2017 10:00am EDT
. henry kravitz and george roberts will remain as co-ceo's and cochairman. credit suisse is working on a new strategic three-year plan that will focus investing on its most operable areas. according to a memo seen by bloomberg, the swiss bank moved up a strategy meeting to june from the usual time of late august. credit suisse says the new plan should drive the back valuation higher after 2018. that is your business flash. really interesting that credit suisse is signaling the euro of cost cutting and job cuts may soon be over. up 34% overstock is the last 12 months, but if you look at the last 10 years, it is down 18%. it has been very difficult to staff come -- to staff, based on onse waiting for payout stock performance. nejra: still ahead, with health care on hold for now, you was president donald trump is turning his attention back to trade. this is bloomberg. ♪ ♪ live from bloomberg world headquarters in new york and london, i am vonnie quinn. nejra: i am nejra cehic. this is "bloomberg markets." emma has the bloomberg first word news. emma: trump is preparing to shake up his l
Bloomberg
Aug 9, 2017 12:00pm EDT
from the george w. bush administration taking over as head of the ftc. -- ftc if this all happened but it is said to be trump's. -- trump's choice. starting next year, disney will begin distributing a new espn service directly to new customers brady will follow that with a video streaming service ending the deal at that point with netflix. shares of disney and netflix move lower on the news. bloomberg press reporter spoke to bob iger right after the earnings call. eiger explained the profound shift in the media landscape that trigger disney's new move. >> we are going to continue to distribute the espn linear channels through the cable distributors. they been good partners of ours over the years and together we managed to create a highly profitable business. the distributors and programmers alike have been experiencing the disruption of the whole market is seeing and multiple businesses are seeing from advances in technology and changes in consumer behavior because of that. my guess is distributors will look at this probably more as a threat than anything else. what we're doing is we'r
Bloomberg
Aug 25, 2017 10:00am EDT
esther george and robert kaplan speaking to us in the last 24 hours or so. you look at our wirp function probability of a rate hike by the end of the year, 50%. which will win through when it comes to the likelihood of another rate hike this year? andrew: this is such a difficult question right now in the december rate hike. i absolutely agree it is entirely dependent on inflation. i think we have to be extremely humble. this is something we do a very poor job of forecasting. i think anyone who has tried to forecast it would admit that. it is not like economic growth we of business cycles and you know what you are in the cycle and if you are in the upswing or downswing. this is something that has been in secular decline for decades. when we look out to december and we kind of do a bottom-up forecast around inflation, we see enough strength in some of the underlying components that we think we might just get there, and that is our probability of a rate hike by december right around 50% so i think this is a you have to be watching the data. if the inflation data comes in strong en
Bloomberg
Sep 20, 2017 10:00am EDT
carlyle? i did not personally pay him, but we have had president george bush, president jimmy ,arter, president clinton we have had presidents at all our conferences. i do not know what the payment arrangements were, but he was happy with how we handle that. he is very well-versed on every issue. erik: tell me what he said? david: he said he felt he had job to help the business community. when he came into office, the recession was deep, and he got out of the recession with a lot of job creation. + given the kind of -- erik: given the kind of criticism hillary clinton face andgetting paid speeches the regrets she has now, should former presidents be paid to speak? a modest pension from the u.s. government, that is that, and they have their offices paid. they do not have a there in teen salary. he will have to make a living, and there is nothing wrong with being paid for speeches, just like you're being paid to interview me. is there anything wrong with that? david: it is -- erik: it is how i earn a living. david: people have to learn all -- earn a living. i do not think you would go
Bloomberg
Nov 14, 2017 10:00am EST
meetings during the campaign attended by george papadopoulos and carter page, among others. frankly, i had no recollection of this meeting until i saw these news reports. i do now recall that the march 2016 meeting at the trump hotel that mr. double-double is attended. but i have no clear regulation -- recollection of the details of what he said at that meeting. after reading his account and, to the best of my recollection, i wanted to make it to him that he was not authorized to represent the campaign with the russian government or any other foreign government, for that matter. but i did not recall this event, which occurred 18 months before my testimony of a few weeks ago. i would gladly have reported it, had i remembered it, because i push back against his suggestion that i thought may have been improper. as for mr. page, while i do not challenge is recollection, i have no memory of his presence at a dinner at the capitol hill club or any passing conversation he may have had with me as he left the dinner. campaigns,e been in let me just adjust. must've you have not participated in a pre
Bloomberg
Jul 7, 2017 2:00pm EDT
party talks that took place under the george w. bush administration ministration. japan, north, korea, south korea, and ourselves. they are not far away from north korea, so they have a stake in this. but i think it is an international problem. we need to have some kind of meeting of the minds of going about persuading north korea to abandon its nuclear ambitions. this is the most serious security problem doubling the world at the moment, and the in battling the countries i just mentioned, and progress has been elusive until now. julia: we have seen a path donald trump has laid out to increase pressure on china, whether it is an arms deal with or movementstaiwan in the south china sea. and nikki haley suggesting that anyone who trades with north korea will not be traded with by the united states. is this the right way to handle china on this issue? >> secondary sanctions are one of the issues people have talked about. not only sanctioning north korea but sanctioning countries that trade with north korea. i do not know if that is the best approach. i spoke with the chinese government o
Bloomberg
Jun 7, 2017 2:00pm EDT
. faith leaders from george and christian community's joined in to defend them on their willingness to address the issues and they offer their support. president trump's ambassador to the united nations says the u.s. will not allow the u.n. to "bully" israel anymore. afterinjures lament day -- whitewash their images and israel attacked jewishness state unfairly. told the israeli president "i have never taken kindly to bullies and the u.n. has bullied israel elite -- a very long time and we are not going to let that happen anymore. powered by more than 2700 journalists -- global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. scarlet: thanks so much. coming up, speaking with erik schatzker at the bloomberg investment summit right here at bloomberg headquarters at we will bring you their conversation next. this is bloomberg. ♪ scarlet: this is bloomberg markets. i'm scarlet fu. >> the bloomberg investor summit in new york is underway. speaking now with erik schatzker is the chief investment office
Bloomberg
Jan 5, 2017 12:00pm EST
george h.w. bush administrations. he's the leading candidate for the undersecretary of international affairs. will attend donald trump's inauguration. he was one of trump's strongest he let theters -- anti-european u.k. independence party until november. he was a key player in britain's vote to leave the eu. the obama admits race and has announced terror related sanctions against the son of osama bin laden. administration has announced terrorism related sanctions against the son of osama bin laden. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. a bit of mixed data on the jobs front today. a slowdown inting private sector hiring last month. tumblingobless claims as the year ended. all of this before the december jobs report tomorrow, the first major data wrapping up 2016 and the economy's performance under barack obama. dan moss joins us for a preview. we are roughly in the ballpark of creating plenty of jobs, more than we need come almost. would that be a correct statement?
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