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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
Jun 19, 2017 2:00pm EDT
. georged to ask you about soros's comment. caroline hyde, of course there. for more on the currency angle, we have got the founder of [indiscernible] data. meantime, time for a bloomberg is this flash. considering a jaguar land rover ipo, according to people with knowledge of the matter. executives have really been on ang meetings international stock exchange. they acquired jaguar from ford for $2.4 billion and they seven timesnue over, weighing in london and new york as a listing venues. the paris air show got the first look at a new jet in four years from boeing. it's an upgrade of the 737 and it will compete with the airbus. in the meantime, it received 300 pledges to buy the plane. an excess of 240 orders from new carriers hit the workforce in the carrier is confident that the new 7:37 will prevent defections from rival, airbus. shares of snap trading higher today according to "the wall street journal or, -- journal." includes advertising commitments from hbo, warner bros., and turner network. and that is your business flash eight. julia: coming up, john paulson has joined ford. can h
Bloomberg
Jun 28, 2017 2:00pm EDT
in new york for the week. coming up, we turn to the debate over health care talking to george allen. and tune in on july 4, in pm eastern because we will be talking about julia: 3:00 p.m. and 8:00 p.m. in london. scarlet: welcome to "bloomberg markets." ♪ julia: we live in bloomberg headquarters in new york over the next hour.here are the top stories we are covering on the bloomberg around the world. care hinges health on republican unity. mitch mcconnell is squirming to make changes to the health care bill before the senate's july for recess. -- july 4 recess. adding together in a new campaign to repeal and replace obamacare. of theing, the results second and most difficult part .comingfed after today it will determine the course of action for banks to issue dividends and buybacks. let's get a check on markets with julie hyman. julie: hovering near the highs of the session, all three major averages. the nasdaq is bouncing back the strongest today, but we see broad-based strength not just the technology but in the financial industry as well. really, there are only a couple of grou
Bloomberg
Sep 22, 2017 10:00am EDT
what people want us to do and that is what we will be doing. george? prime minister, can i ask you to them you a specific questions? during the implementation phase you described, would britain be subject to new laws and regulations passed by brussels while we don't have a say in the making of those laws? the second question, you are setting out an idea of being close to the single market under this new arrangement. would britain be prepared to pay for access to that single market? something that some say is unconscionable. prime minister may: as i said in the speech, during the implementation period, and this is because it is in the interest of individuals and businesses to be able to have a period of time where they can make the adjustment to the new relationship, make the changes asos a serine to i.t. systems or whatever, but know the basis they will be operating during the period, that would be operating on the current rules and framework. of course, the details of that would have to be part of the negotiation. what i set out here is a principal in relation to that. i think tha
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
Nov 3, 2016 12:00pm EDT
inflation pass us up. speaking to george lat later in the hour. given the breaking news, we've shares becomee one of the worst performers in the s&p 500. taken down the averages more than they were. stock has been holding pretty steadily. for much the afternoon here. particularable in for its eighth straight decline. like that seen a drop since 2008. according to dan curtis makes haven't seen, we an eight day drop this millennium. interesting here, here's a look eight day drop on an day to basis pep we were actually higher and rolled over lower datate the latest polling that shows hillary clinton slightly heated of donal -- ahef donald trump. still some concern. the pull back during this period has been 2.7%. i wanted to talk about the today.on the mow healthcare very much a part of that which we'll get into detail. .t's down .6 of one percent it's texas with the biggest drag today. and energy,ncials holding up relatively well. let's talk about some of those stocks.al according to bloomberg news reporting, the justice department which began anti-trust investigation, is chargesg to fil
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
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
Oct 18, 2017 2:00pm EDT
. ♪ julia: it is time now for a look at some of the biggest business stories in the news now. george soros but -- backs on core capitalist through september of this year here that is according to a person with knowledge of the matter says the hedge funds made the leap by betting on betting market debt securities. focuses onllion fund developing markets and house the head of other macro funds, producing returns this year. traveling to the lowest since after -- the release of a star wars title projected to feel growth. -- the release of9% growth of the fiscal year 2019 when it was originally scheduled for release. a car at itsnveil week.show next it says it offers about 60% more driving range minutes predecessors. manufacturing continues to champion -- even as other manufacturers gravitate to other technology. week. it saysfrom around 2200 and thre years. that is your business flash up date. scarlet: reportedly in talks to bring self driving cars tuber customers next year. was told yesterday that getting all the capabilities under one roof is a very for the comp me. >> we believe we ha
Bloomberg
Apr 17, 2017 12:00pm EDT
what hans or george said and that turkey had a more democratic election than anywhere else. he said those banging pots and pans lost eight times. there were calls by the european union to talk to the opposition. if you were still an opposition lawmaker in turkey, what would you say to him if he did come and talk to you? akyan: first, i think erdogan should read the oed report where members of the parliament and individual european nations argued that there was not an equal playing field. neither the campaign or the counting was in accordance with the european standards. a look atwhen i take various opposition entities in werey, i see they denied media time, denied rallies, denied culture alongside many of its lawmakers and mayors and party officials. this was a referendum under a state of emergency conditions. it was the farthest away from free and fair. vonnie: he is also saying the european union has made turkey way for 54 years at the door and turkey can hold a referendum for eu talks. thate eu sort of decides it's not part of the eu anymore, what does that do to turkey and inter
Bloomberg
Jan 26, 2017 10:00am EST
earnings estimates by 8%, citing postelection demands and ticket prices rising. george ferguson said capacity constrained for southwest airlines looked strong. for jetblue, less so, but the entire space in full rally mode. mark: stephen a minute. are ahead, emerging markets on a bit of a tear for the last four days. what is the outlook for debt this year? this is bloomberg. ♪ from bloomberg world headquarters in new york and london, i am vonnie quinn. mark: i am mark barton. this is "bloomberg markets" on bloomberg television. let's check on first word news. emma chandra has more. mexican president continue theefuse to reimburse united states for a border wall. mr. trump said trade has been a one-sided deal for mexico's benefit. the mexican president said his country will not fund the wall [indiscernible] one dozen senators have been accused-- have president trump [indiscernible] of [indiscernible] other senators decried media reports that the new trump thenistration had imposed communication blackout on a number of federal agencies. japanese prime minister shinzo abe signaled
Bloomberg
Mar 21, 2017 10:00am EDT
do with the ban relative to laptops and the middle east. however, george ferguson told our team that is not the case. most of the declines in the u.s. base, especially jetblue and alaska airlines, they are leaving the declines. it is really a risk off day. a good day to monitor here after relative calm for a few days. vonnie: let's get more on the ban that abigail was referencing from middle eastern airlines that bars passengers from carrying large electronic vices on u.s. bound flights. our managing editor joins us now from our dubai bureau. how are the airlines responding so far? >> the airlines generally are saying if these are the rules, they of course will abide by them. they have to they don't really have a choice but to abide by them. mark: who is affected and who is going to be hit the hardest? i think it is mainly the airports that are acting as international hubs, especially the airports with the three gulf carriers -- dubai, abu dhabi, and a heart. har.o i think turkish airlines will be hard-hit as well. they will probably not welcome this as they are already seeing the im
Bloomberg
Oct 31, 2016 12:00pm EDT
secrets during the primaries when the dnc was ostensibly neutral. defense iney, the the george washington bridge lane closing trial delivered a blistering attack on the government's case and on chris christie. liedrs saying the governor about his knowledge of the scandal to protect his white house ambitions and used kelly as a scapegoat. lawyers also criticized federal prosecutors for failing to call the governor to rebut testimony that he knew about the scheme. governor christie denies any knowledge of the plan. a wearable skin tch may help children allergic to peanuts by delivering small doses of peanut pertain according to a new study calling for the therapy to be further explored. it works by training the immune system to tolerate small amounts of peanuts. it has not yet been approved by the u.s. fda. for hours a day powered by more than 2600 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. scarlet: coming up, refined metals are controlling to the expansion. u.s. andmaking the mexico stronger despite what you may have heard of the campaign trail. t
Bloomberg
Jan 25, 2017 10:00am EST
burchfield as independent ethics advisor and george soriano as chief compliance counsel to the builder promise from their january 11 press conference to divide between the trump organization and white house. meanwhile at the white house, president trump later today is expected to unveil key executive action to fulfill a campaign promise on immigration policy. look for him to lay out a plan for how he will secure the u.s.-mexico border. however, he could run into potential problems with members of congress, anticipating that budget committee members of how much funds will be allocated for the action. that remains to be seen. vonnie: kevin cirilli reporting from the white house, thank you. as we saw, resident trump tweeted last night that they would be a big day on national security. among many other things, we will build the wall. for more on trump's plans, let's handed over to david gura. david: thank you. we are joined by michael mccaul, representing the 10th district in congress. great to have you. we see the emphasis with the exclamation mark on building the wall from the pr
Bloomberg
Mar 1, 2017 10:00am EST
water management by april 15, and david mccormick, former treasury undersecretary under george w. bush, is being elevated to co-ceo with eileen murray, formerly of morgan stanley, also who has a deep background in technology. these are big changes at bridgewater, the world's largest hedge fund manager. mark: what is the significance of the mccormick co-ceo with murray? do we know much? erik: do we know much about them? well, we know that eileen murray has been effectively running a good part of the firm already. her skill appears to be in administration management and oversight of the technology operation. david mccormick, by virtue of his experience in the public sector and government, mark, is a little bit more of an external-facing prison. bridgewater needs -- external-facing person. bridgewater needs both of those kind of people in managing roles gregse ray dalio and jensen, another former co-ceo, are running day-to-day investments. one more thing i would .2, mark, out of this memo from ray dalio, is that he is putting the world on notice that he will be carried out of the bridgewa
Bloomberg
Nov 30, 2016 10:00am EST
beatlican george w. bush al gore after a weeklong recount. after each election there is a renewed push to make the total tally of ballots decisive. but many states, especially the small ones, are unwilling to switch. this broad agreement that money plays a big role in campaigns -- each party spent more than $1 billion by election day, mostly on advertising. more on the bloomberg global business report. head to bloomberg.com for more stories. nejra: staying on u.s. politics, president-elect donald trump filled 2 more top spots on his economic team, picking financier wilbur ross to head up the commerce department and former goldman sachs executive steve mnuchin as treasury secretary. joining us with her take on these picks and other requirements is former fed vice chair and budget official alice rivlin, now a senior economic fellow at the brookings institution. so wonderful to have you on the program. , what start by asking you do you think of the latest picks of mnuchin, for example, means for trump's fiscal plan? alice: well, it is hard to say what trump's fiscal plan is, exactly.
Bloomberg
Jan 24, 2017 10:00am EST
judge is the leading candidate. he was appointed by president george w. bush in 2006. israel says it has approved 2500 west bank settlement homes. their defense minister says the majority of the housing units will be built and settlement blocs. those areas are where most settlers live in which israel wants to keep under troll -- under their control. it is a record morning for la la land. they led the way with 14 nominations for the oscars, matching the titanic. for best earned nods picture and best actor and actress. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am alisa parenti. this is bloomberg. mark: thanks. let's look at what is happening with european markets. the big news here in london, theresa may has to have the backing of parliament before she triggers article 50. her plan is still to do that by the end of march. those who are against the process may have something to say. she puts forward today. stocks are rising. in the wake of the supreme court ruling. suggesting it was priced in. a quick peek at the currenc
Bloomberg
Feb 1, 2017 10:00am EST
, george soros lost money. that is according to reports by hedge fund investor lch investors. bridgwater was the most lucrative of the top 20 hedge funds ranked. royal bank in scotland would probably pick dublin as the european union base. once the u.k. use the eu. davies told bloomberg tv that the bank would only have to move tens of employees and not the numbers other banks have discussed. that is your latest business flash. mark: still ahead, dan fuss joins us to talk about the outlook for global bonds. and the big bed decision later -- and the big fed decision later. this is bloomberg. ♪ vonnie: breaking news, blackstone lacks imitation holmes has hit the public market, shares of slightly. ts, .75 of 1%. we will speak to the ceo in a few minutes from the stock exchange. made up ofhomes is single family home leases. we will speak with the ceo in a few minutes. fed chair janet yellen and colleagues meet later today to get the statements. this is the first meeting of the federal reserve this year. the meeting has started. no one expecting in interest-rate increase but inte
Bloomberg
Nov 9, 2016 12:00pm EST
rate hikes next yields are backing up quite substantially. george: the bond market is reacting not just to that being in play. you expect a risk off kind of behavior. it was very short-lived overnight. if we continue to see financial condition stable and the economy took a hit on this transition of power, the fed should hike. howmuch is what -- michael: much is what we are seeing in the 10 year, how much of that is a risk cranium and how much might be an inflation premium if he is going to cut taxes and do additional spending? george: there were folks saying but 15% is his magic number when the facts change you have to change your approach. many of us around the world look to the u.s. bond market for higher yields but if we enter into higher inflation or stimulus induced growth, that will come with higher rates in the long-term and short-term sector. the question is how much of the back and move that we have seen starts to impact fed thinking? we have had a 67 basis point rise in rates. basis points with higher yields when the housing market was getting accustomed to low rates, fut
Bloomberg
Feb 1, 2017 12:00pm EST
war we will see a global recession. david: george soros sat down with renting the qual -- francine lacqua and called donald trump a con man, how was his approach different? >> he was more bearish the middle of last year, saw more problems with china. vonnie: brexit of course. well.xit as some of the rhetoric has gone euphoric, not only on the united states on china, there are not that many people talking about that problem, the fragility of that economy, and that could be another thing that sets a recession in motion. vonnie: great reporting, thank you for that. that is our hedge fund reporter and coming up, our exclusive interview with the general electric ceo and what he says about small businesses. this is bloomberg. ♪ david: live from bloomberg world headquarters in new york, i am david gura. vonnie: i vonnie quinn and this is "bloomberg markets." with the headlines, it's mark crumpton. mark: president trump says if gridlock stalls nominee neil gorsuch, it may be time for mitch mcconnell to consider the option to go nuclear. that would mean changing senate rules to make it im
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?
Bloomberg
Mar 1, 2017 12:00pm EST
confirmations since george washington was in office. even -- he can't even have a staff meeting yet. >> i'm not so sure he subscribes to that. sen. perdue: you have to take care of job one, getting america healthy again. the rest of the world needs america to be healthy again. we have to get the economy going. you been talking about how the markets are responding so far. america needs to tell our allies what they can depend on. we've been retrenched for a period of time and we need to develop that conversation with him again. when you talk about the leader of the free world, that used to mean something. it doesn't feel like it means the same thing anymore. sen. perdue: after the last eight years, it doesn't. as a member of the foreign relations committee, i've traveled the world, i'm a member of the armed services committee -- leaders want america to lead again. want ourn't mean they armed services there with 100,000 troops. they want leadership to solve hotspot problems around the world. done order to get things mothers a critical path. -- get things done, there is a critical path. what ca
Bloomberg
Nov 23, 2016 12:00pm EST
. it was made formal bite president george h.w. bush in 1989. president obama: marriage equality is the law of the land. ofre are many families service members who had empty chairs -- can celebrate with our brave men and women who we welcome home. out of many, we are one. we are bound not by any one race or religion but rather by adherence to a concrete that all of us are treated equal and while accepting our differences and building a diverse society has never been easy, it has never been more important. we are people who look out for one another and get each other's backs. , definedoving forward by values and ideals that have been a light to all humanity we need to see ourselves and each other. for a betteropes future and we lose sight of that sometimes and thinks giving is a good time to remember them. we have a lot more in common than divides us. holidays are also a time when it's more important to reach out for those who need a helping hand. we are judged by how we care for the poor and vulnerable, the sick and the elderly. immigrant and refugee. everybody trying to get a secon
Bloomberg
Feb 24, 2017 12:00pm EST
a stake in the airlines. george ferguson of bloomberg intelligence told our team weeks ago that the fact that warren buffett has such a big stake in the airline suggests he may think that fuel is likely to stay at current levels, oil lower for longer, plus a progrowth play. it will be interesting to see what the annual letter perhaps. lisa: thank you so much, abigail doolittle. is a war between bulls and bears on treasury today. we are seeing a rally on the 10-year, but the next guest sees the deals hitting 2.9% by the end of the year. joining us now is subadra r ajappa of societe generale. the conviction that the market is long and they are underestimating the risks associated with inflation, as well as just general growth. >> what is driving the markets right now is uncertainty. one, election overseas in france , the netherlands, as well as germany. the second is uncertainty about the timing of the next rate hike. the third factor is uncertainty on fiscal policy front. once we get through those uncertainties, we can get back slow,ck to where a gradual rise in yields -- lisa: hold
Bloomberg
Feb 23, 2017 12:00pm EST
commerce under george w. bush. erase concerns with our relations with mexico right now. >> mexicans are up in arms. i haven't seen such tension between the two countries since the 1970's or 1980's when mexico is very nationalistic and protectionist. it was a very different country. our relationship had grown to positive levels that we hadn't seen before. and now we run the risk of backtracking. mexico has a presidential election in 2018. we could be creating the conditions for an anti-american populace taking over mexico. is what you her just now from carlos gutierrez square with what you saw yourself in the co-earlier this week? when we met with our counterparts of the mexican senate, they told us that specifically, they were very clear that what president trump is doing shows a lack of respect for mexico. it is difficult to have a positive relationship. statement.ral damages -- very much david: you agree that there is an issue about how we best handle it. can you reach across the aisle, can they reach across the aisle? absolutely. i visited the border in el paso and talked to our border
Bloomberg
Jan 19, 2017 12:00pm EST
forum. an extensive interview with billionaire george soros. this is bloomberg. david: this is bloomberg markets. let's check out bloomberg first word news this afternoon. >> it is the story we have been talking about all morning. steven mnuchin in his bid to become the next u.s. treasury secretary. they told senators at his confirmation hearing that he will be -- mr. mnuchin: i am committed to be very responsible in my position there and make sure i properly provide support from the treasury department. i would take my responsibility very seriously. will enforce sanctions against ironic and a night he had offshore entities to avoid is. said that having donald trump won't be such a great deal after all according to officials in moscow. their skepticism that any -- the backlash over russian hacking has forced the cabinet picks to take tougher lines on russia and -- than the kremlin anticipated. global news powered by more than 2600 journalists and analysts in 120 countries. this is bloomberg. david: we will go back to the office building. the minority leader starting a second ro
Bloomberg
Dec 6, 2016 12:00pm EST
insight on what this could mean for boeing. george ferguson with bloomberg .ntelligence joins us why did donald trump tweet this, and where does this $4 billion number come from? george: i am not sure where the $4 billion number came from. where this may have come from and why this is front of mine for donald trump could potentially be a washington post article that was published last about 120 $5 billion worth of administrative waste at the pentagon, which is a large portion of the defense budget. i think it is interesting because it seems like donald trump, he is returning to some of the campaign discussion he had about getting rid of waste at the pentagon. i think if you were a defense watcher it is also interesting. it does not mean he will give a blank check to the pentagon to increase spending on more defense programs. it seems that he is going to try to economize at the pentagon, and maybe this is front of mind because of this washington post article. it will not just be bowing that will be in the crosshairs bo --eing in the crosshairs. david: that piece by bob woodward and craig
Bloomberg
Jan 18, 2017 12:00pm EST
opposing sides in the nearly six-year syrian conflict. ankara -- thatr president george h w bush has been hospitalized in houston. a spokesman says he was taken to the hospital on saturday for shortness of breath. mrs. -- mr. brush is said to be responding well to treatment and will be going home soon. the former president is 92. 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. david? david: the world economic forum is hosting its annual meeting in davos, switzerland this week. schwartzman is also the chairman of donald trump's strategic and policy forum, and erik asked him what he is learning from spending time with the president elect. >> i've come away with the fact time,t's a really busy that he wants to do -- at the end of the day, the right thing for america. wants to improve the economy. flexiblehe's a pretty time, person, when he's presented with information. he'll go to the right place. sometimes a little colorful getting there. an interesting quick study. k: some of the things he
Bloomberg
Feb 22, 2017 12:00pm EST
for the world? good if we had more stability. elected. president when which was the case for george w. bush and president obama and donald trump, is willing to have a dialogue with russia, we have a lot of investments in russia. i think it is more important for the world -- >> have you changed at all your investment strategy with the u.s. trump, onou look at climate change, how has he altered that? >> the policy is good for the u.s. business. i'm willing to come here. initially, we can liquefied natural gas. number two and number three, a company and energy business. and we announce projects, we create jobs there. agreement, policy would be maintained and it is very important. chief: that was the executive officer and an exclusive interview. this is bloomberg. ♪ vonnie: this is "bloomberg markets." fed minutes out in about an hour and a half. also in investors minds, what will be done with treasuries? we're joined now. trillion. but let's just take us to a half trillion dollars. massiveed represents a buying base, though they have been done with quantitative easing for a long time,
Bloomberg
Oct 12, 2016 12:00pm EDT
like george soros and the koch brothers, of course on opposite sides. they are using cutting edge data to salty snacks to influence voters. money and politics reporter zach writer covering the story and joins us now. why is nevada considered so important? >> nevada is one of a handful of swing states that is important for the presidential and senate race. nevada seems to have attracted this proportionate amount of outside spending from the coat others and george soros who are not the candidate or campaign, but want to spend money independently to influence the outcome of the voters. part of that is because of nevada there is a grudge match between the koch brothers who have long feuded with senator harry reid and is now retiring and trying to get a replacement in the senate. they are trying very hard to get a republican elected. oliver: soros and the koch brothers, there is no big surprise there but there are different things happening this time around. what stood out to you about how this race is very different? >> they are trying to play the ground game a lot more. they have inc
Bloomberg
Oct 27, 2016 12:00pm EDT
working to hillary clinton if she's elected president. he spoke to george stephanopoulos earlier today on abc's "good morning america. >> i'm not saying i and -- i'm not or i am. hopefully i won't have to make that decision. mark: meanwhile secretary clinton has called mr. trump, quote, whatever happens, we need to work together afterward great she sidestepped the question of whether she would meet one-on-one with trump after the election. first lady michelle obama campaigned with ms. clinton at a winston-salem, north carolina. the clinton campaign described so first lady as its not secret weapon. her appearances have been critical to clinton's efforts to secure support from female voters. the search for an oklahoma man wanted for a series of shootings and carjackings is in its fourth day. officials say it's possible the man died after he was wounded during a shootout with police. the british economy overcame concerns about the brexit vote and grew faster than economists forecast in the third quarter. gross domestic product rose 1/2 of 1%. construction and production fell. that was mor
Bloomberg
Dec 12, 2016 12:00pm EST
jail for doing it and george soros paid a big fine, but it is an obvious at all. here's the situation. in the u.s. where prosecutors have vigorously pursued insider trading cases, there is no clear law defining precisely what constitutes insider trading and what does not. there's also a huge variance in penalties with a maximum two years jail time and transfers is 20 in the u.s. and south korea. the u.s. up in court upheld a california conviction that resolved what sort of benefit the insider must receive to constitute a crime. yorkpeals court in new narrow the definition of insider trading and made it hard to bring cases. here's the background. insider trading became a crime in the u.s. through judicial interpretation of 1934 law in the cleaning of markets in the 1929 stock market 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 1987 film "wall street." and the u.k., insider trading became illegal in the 1980's. while legislation was not enacted until the 1990's in germany. th
Bloomberg
Feb 6, 2017 12:00pm EST
through. easier than under obama or even george w. bush. we might be looking back to the reagan era, when it felt like there was very little scrutiny. i mean, that's what they are hoping. vonnie: jeff, i mean, to a certain extent, with very little earnings growth in very little overall macro growth, companies doing deals without demand returns? they have to engineer earnings. exactly. interest rates are still low. we are still in this situation where investors will see a company do it deal and be supportive of it. that someone might break someone is buying something and the shares go up. 10 years ago anyone who was going to spend that money, their shares would get pummeled and they would drop on the day of the announcement, but we don't see that much anymore. vonnie: what about lbo activity? jeff: this is going to stay slow. vonnie: all right, jeff mccracken. coming up, president trump, advising global populism on the markets. we will have a device from the head of global asset allocation, next. this is bloomberg. ♪ ♪ live from bloomberg headquarters i am david gura. going with's get
Bloomberg
Feb 21, 2017 12:00pm EST
slaughter. he served on the council of economic advisers under georgent george don't -- w. bush. he joins us from the campus in new hampshire. good to have you here. when you were in the white house, you dealt with this data all the time. thejob is to make sure president is getting accurate information to make informed decisions about the economy. what do you make of these reports of tinkering with the methodology? >> the trade statistics is one of the most important data the government collects. the reports that are out for how the export numbers would be altered, i know of no problem that that would solve. i know of many problems that would introduce of how we -- understand and see how we -- how are our -- how our economy is doing -- david: my understanding is the specific change they are talking about is we would not report as an export a product that came into the country or a re-exports, but that would be a important. dean slaughter: the reality of how so many american companies compete and succeed is they have these elaborate global supply chains. value is added by american wo
Bloomberg
Nov 2, 2016 12:00pm EDT
evidence of continued progress toward objectives. there were two dissents. kansas city's george and cleveland's master. eric rosengren december -- voted with the majority this time. six days before the presidential election, and there was no mention of politics. it does nothing to dissuade investors betting on a move. we will see you december 14. >> i am looking at the markets. not a huge reaction. a little bit of a pop in the s&p. this is not a big change from where we were. speaks to the idea of the dollar index declining. markets expecting this. a smooth landing. >> they also dropped a line for low inflation. acknowledging the idea inflation is picking up a bit. particularly market-based inflation. >> they are saying consumer spending is continuing. especially since that has been a big driver of the economy. >> third quarter gdp report showed third quarter was starting to wane? >> disappointed, but still on trend. basically back to the same trend we have been at for two years now. >> have people forgotten what normal inflationary environment looks like? >> some people who have al
Bloomberg
Nov 17, 2016 12:00pm EST
presidency with hugo chavez. politics withzed his fiery anti-u.s. rhetoric, saying of george w. bush -- >> yesterday, the devil came here and it smells of sulfur still today. >> chavez nationalized thousands of companies he said were not functioning in the public interest and focused all resources on one thing -- producing oil. this meant almost everything venezuela consumed needed to be imported and he borrowed a lot of foreign money to fund at all. in 2013, the first domino fell and shop has died. fell14, the second domino and the price of oil started to crumble. for 95%of oil accounts of venezuela's export earnings. then venezuela found itself suddenly short on cash. the government responded by falling down to avoid into debt. inflation has surged into the triple digits without an end in site. takenonomic downfall has its toll. the boy for hours to get simple household goods and their misery index is the second highest in the world. it's so bad that food shortages have prompted major riots and the president is bearing them rent of the line. the menstruation to have been held acros
Bloomberg
Oct 20, 2016 12:00pm EDT
trying to undermine the process before and neither was then-texas governor george w. bush. they say this is phenomenally different and trump has gone beyond the pale once again. matt: i mean, i'm assuming it were a close race in trump's favor hillary clinton would want to reserve the right to contest it legally as well. ben: i possibly. there have been times in the history of the nation went evil thought the race was close -- people thought the race was close. thought hehard nixon could gotten something from legal terms and he decided to go with a handover of power. hillary clinton has not spoken about her plan. the numbers are in her favor so she is not under pressure to talk about that. scarlet: chris wallace didn't pose that question to her, either. ben brody joining us from washington. matt: on politics, david gura spoke to tom steyer, clinton supporter and cofounder of the nonprofit next-generation. question on to a whether philanthropic and political contributions can overlap. tom: everything we do, everything i do in politics, is 100% values-driven. we are trying to push what we t
Bloomberg
Feb 27, 2017 12:00pm EST
minorities and the poor and order changes ahead of the november election. former president george w. bush says we all need answers on the extent of contact between president trump's team and the russian government, and is defending the media's role in keeping the president in check. the "today"iew with show, he was skepticism about the president's approach to immigration. in asia, china's top economic planner his to whether speculation is distorted prices. china clamps down on commodities trading last year. futures kept rising. pwc hasunting firm apologized for that big oops moment at the oscars. warren beatty and faye dunaway announced best picture was "la la land," only it wasn't. they had been given the wrong envelope. the real winner was "moonlight." pwc is in charge of oscar envelopes and says it is investigating. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. i am emma chandra. this is bloomberg. scarlet: thank you very much, emma. we go to mexico, where michael mckee caught up with the economy minister to talk about trade and tr
Bloomberg
Feb 20, 2017 7:00am EST
papaconstantinou. here is what papaconstantinou had to say about the current situation in greece. george: it is sustainable over the next five years because exemptions are very low, very small. interest rates are very low on the central loan. beyond that, even if you do not buy the full analysis, because i do not think everybody knows where you will be in 2016, even then, it is clear that greece needs additional debt. that is something the germans are not willing to accept in principle. the eurogroup has said they will do more on greek debt relief. with german elections coming up, the germans are not willing to actions toinal identify what measures short of a haircut -- everybody understands it will not be a normal haircut -- so taking the rate at today's low levels, and a bigger grace period. >> but the germans want to see more. they want to see more austerity. really putsipras more austerity in the greek system without it being -- i minister of the irish says it will be the straw that breaks the camel's back. germans and the eurogroup are talking about a prime minister target over the
Bloomberg
Feb 15, 2017 12:00pm EST
committee did work on this subject and researchers at george mason recently published a paper on the benefit and cost of a higher bank leverage ratio. how do we get to the right number? should it be 5%? 10% in the choice act? 23.5% as proposed by the minneapolis fed president? there is quite a range there and i don't expect you to say a number today, but can't you agree that a cost-benefit analysis could help us more capitalely require that ? i will start with that question. chair yellen: i do agree in appropriateh the standard, we are weighing cost and benefit, the benefit of a lower probability of a financial crisis that has incredibly high cost against the cost of slightly higher intermediation and borrowing costs and as you three was basel partly informed by the committee analysis of the cost and benefits and the federal reserve participated in producing that analysis and i think it did inform our views as to what a reasonable level of capital requirements would be. the minneapolis fed study that you mentioned also contains cost-benefit analysis and draws the line. rep. royce: fr
Bloomberg
Nov 29, 2016 12:00pm EST
decision, she ran the labor department under george w. bush. the transition team said she met with the incoming president last week and discussed labor and transportation policies. thousands of people in eastern tennessee have been forced to evacuate as wildfires encroached on several towns, the fires threatened dollywood. officials estimate that 100 homes have been damaged or destroyed in the flames, more than 20 wildfires burning throughout the southeast. investigators in the country of columbia trying to determine why a jet carrying a brazilian soccer team crashed into a hillside with six of the 81 people surviving. team -- was flying a the plane was flying a team to a championship game in medellin. before the crash, the crew reported an electrical malfunction, one survivor said the plane ran out of fuel. this is bloomberg. david: let's get back to the bond market. ten-year treasury yields have verizon significantly since the election -- have risen since the election. joining us is the head of fixed income at raymond james. the bull market question, are you calling a finish to it? >
Bloomberg
Oct 24, 2016 12:00pm EDT
not be enough. he played a major role in george 's campaigns. hillary clinton spend an active million dollars -- an extra million dollars in two states where she does not expect to win. she believes that it could help democrats win the senate and house races. u.s. forces are advancing in basel to take it from the islamic state. months.nsive may take it involves more than 25,000 in iraq troops and airplanes and advisers from the us-led coalition. british prime minister theresa brexit negotiating stance is no clearer after a meeting with leaders of scotland, wales, and northern ireland. here she is today in london. i know of nothing now about the u.k.'s negotiating strategies that i did not know before the meeting started. we need to see a u.k. government that is willing to open up and involve us meaningfully. governments have expressed concerns about the economic damage caused by brexit. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. time now for our deals report. m&ay monday we zero in on
Bloomberg
Oct 18, 2016 12:00pm EDT
80s whento the mid-19 george lucas and officers of steve jobs' newly formed pixar agreed not to raid employees. samsung is letting travelers exchange note 7 smartphones as part of an effort to recall millions of note 7 phones because the devices are prone to catch fire and exploded regulators banned the model on all u.s. flights last week. customers can exchange the phones or get a full refund. tobnb is encouraging hosts install solar panels. those renting a property's can back if they00 install a system that is valid through the first three months of 2017. scarlet: how to a bloomberg scoop. over the past i would it seems verizon may get past our it seems a verizon may be growing impatient with yahoo! -- over the past hour it seems that verizon may be growing impatient with yahoo! the data breaches causing misgivings internally with verizon about the deal. are we talking about misgivings in terms of negotiating price for verizon backing out completely? >> at this point it is all about negotiations. they have about 20 teams working on integrating the 2 companies. and everything i
Bloomberg
Feb 28, 2017 12:00pm EST
which he brought to capitol hill because they had to address the economic crisis. in 2001, george w. bush did not have the same kind of legislative package ready to go, but he talked in general terms about what he wanted to do. go back to 1993, bill clinton did have an economic package ready to go because he had an economic recession we were coming out of. scarlet: michael mckee, thank you very much. a reminder that you can watch president trump's speech tonight in full on bloomberg television. our coverage begins at 9:00 new york time. oliver: let's check on the first word news with mark crumpton in the newsroom. mark: house speaker paul ryan says it does not concern him president trump does not offer to fill hisd plans campaign promises because "i see him as more of a chairman." ryan made the remark during the nbc today show this morning. the speaker said we need more answers when it comes to russia. mr. ryan: we think we need to do an investigation here with our intelligence communities. there's one thing that is unique -- this gets into the methods and sources that is very sensi
Bloomberg
Feb 17, 2017 12:00pm EST
an issue. we see this during the reagan administration and george w. bush. as far as that issue really rising in the minds of voters. the other thing is the tools they have, they still have the court. we watched what democrats can do on the floor. they have 48 votes and they can float some things down. mind, whatou don't happens with the paris climate accord? >> we are all wondering that. president trump vowed to cancel the u.s. participation agreement. see theseting to meetings. secretariatate -- tillerson -- secretary tillerson is on the ground. does that conversation with foreign leaders persuade off onon to maybe hold the paris agreement? fortis trump go down the path that he during the campaign yet -- or does trump go down the path he promised during the campaign? the senate confirming scott pruitt to become trumps epa administrator. boeing at images at the plant in charleston south carolina, where president trump is expected to speak in a matter of moments. this is bloomberg. ♪ david: live pictures of the boeing land in charleston, south carolina where president trump is
Bloomberg
Dec 2, 2016 12:00pm EST
this christy in the george washington bridge lane closing trial. notionge dismissed the by a former firefighter who brought the complaint in october. he alleges christie failed to order support and's bridge active lanes in 2013. the state-sponsored hackers who unleashed a digital bomb against the parts of saudi arabia's government over the last two weeks have damaged computer systems at the saudi central bank. that is according to people briefed on the strike. the attacks targeted at least six government entities with a computer killing malware. it appeared to come from iran, but the investigation is still in its early stages. that determination could change. . global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. you so much.k coming up, an exclusive interview with mexico's central bank governor. he is leavingit appeared to comy for a new job. we will hear from him next. this is bloomberg. ♪ scarlet: -- oliver: yesterday mexico's central bank announced that the governor believe his post nex
Bloomberg
Jan 17, 2017 12:00pm EST
predecessors. former presidents bill clinton and george h.w. bush had a transition approval ratings above 80%. russia has invited president-elect donald trump to syria peace talks next week. the meetings in kazakhstan would be moscow's first formal contacts with the new administration. fight against the terrorism will be more effective with the u.s. under trump. and the foreign minister once that a new vote on breaking up the u.k. is likely after prime minister theresa may's brexit speech. scotland's nicholas church in the uk's heading for an exit from the european union that could be economically catastrophic. the hunt for the missing malaysia airlines flight 370 is over with plenty of questions and few answers. crews from malaysia, china, and australia ended the deepwater search in the remote area of the indian ocean. the boeing 777 disappeared on a flight from kuala lumpur to beijing in march 2014. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. david. david: thanks very much. the u.s. dollar f
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