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Bloomberg
Feb 14, 2017 10:00am EST
endorse the tax cuts that george w. bush was proposing because at that time we had a government surplus that would lead us to run out of securities to sell and trade in the market. treasury securities. he said he didn't really endorse it, but it was read that way and ever since then, said officials have been leery of taking a position on any particular kind of fiscal activity. vonnie: brian chappatta, she did mention data, data dependency. i'm not sure if that will come up. but what does the bond market need to see in order to price in for march? brian: it seems like she is definitely saying that they will keep in line with a few rate hikes this year. at the idea that march or may would be off the table would pretty much throw three rate hikes off the ledger. so what this does is it gives her -- it gives investors reason to scrutinize and say ok, maybe march is on the table and may is on the table and break the treasury out of the range it has been in. : michael regan, if i can bring you and. you said if we get the tax cuts, equities can withstand this potential for three rate hikes thi
Bloomberg
Oct 19, 2017 2:00pm EDT
interference in the 2016 election as an act of war during a conference today hosted by the george w. bush institute. she criticized russian efforts to "so chaos" in the election. -- the possibility of collusion with the trump campaign. the labor party leader of u.k., -- met with the european union's chief brexit negotiator. since the6 months brexit referendum, and there is no progress in the negotiations. they also discussed britain's financial obligations to the block as the u.k. prepares to leave. >> we have to pay what we are required to pay. we have to make sure we do fairly deal with the eu. we been members for all this time. --need to negotiate those also dismissed the idea of a second brexit referendum. global news, 24 hours a day. powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. scarlet: coming up shares of apple dropping on signs that demands for the iphone 8 are not as strong as anticipated. we've already seen worries in the supply chain. staying on technology, two top executives, the ceo of mastercard and
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 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
Nov 14, 2017 2:00pm EST
campaign. a democratic congressman pressed sessions that he rebuked george papadopoulos for suggesting a meeting between the trump teamse and russian president vladimir putin. to thatde some comment effect as i remember. i pushed back because -- >> your answer is yes. the attorneyrk: general insists his story never changed. days ofp left after two meetings from leaders of southeast asian nations. he tweeted when it comes to trade, all countries know the united states must be treated fairly. the president did not give specific assurances on issues such as market access and intern -- intellectual property theft. donald trump jr. -- wikileaks before the presidential election. hit -- he showed -- directly or not at all. democrats: evidence of a proxy link between the campaign in russia. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. abigail: massive rebuilding efforts after a string of severe hurricanes. it is our stock of the hour. this is bloomberg. ♪ abigail: this is "bloomberg markets." sc
Bloomberg
Aug 24, 2017 10:00am EDT
are diverging. yesterday, michael mckee spoke with a host of the symposium, esther george. she continues to favor another rate hike in this year if economic data holds up. >> i will be looking at the data in the next few weeks as we get ready for the september meeting and see whether that makes sense. based on what i have seen today, i think there is the opportunity to do that. michael: by the end of the year? >> i don't pick a meeting and i don't consider that rate path and those projections and commitment. i think it is a general sense of where rates should go. vonnie: the main event comes tomorrow when both fed chair janet yellen and ecb president mario draghi are due to speak. here is portfolio manager at janice henderson. he is a newport beach. nick, both may try to assiduously avoid talking monetary policy but they will not be able to completely avoid it. something the markets will interpret somehow? nick: that is exactly right. for the next year we are likely to face some sort of unintentional coordinated wind up of central bank balance sheets. the fed unwinding and the
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
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
Oct 27, 2017 10:00am EDT
. he had senior roles under george h.w. bush. michael mckee, will continue to follow this story. michael mckee, our international policy and economics correspondent. vonnie: all right, in other news -- apple -- let's turn to tech. shares of apple are higher after the company began accepting free orders for its iphone 10. initial supplies for delivering next week sold out in minutes in several countries with weight times climbing is hot -- wait times climb in its highest six weeks in united states. join us to discuss the importance of the new iphone 4 apple an initial data on preorders is john butler. there was trepidation that those minutes after midnight, or those minutes after 5:00 or six clock in the morning would not see those orders rolled in, but they appear to be rolling in. good news forhe apple is the demand is clearly strong for the iphone x, and honestly, leading up to this, there was a question mark, because the iphone 8 has not been selling well. as we have seen with the recent prior refresh cycles, they have not always lived up to original expectations. people were
Bloomberg
Jun 27, 2017 2:00pm EDT
headlines in her conversation with george nicholas stern regarding a whole host of macro topics. mike mckee still with us on set in new york. anything that's caught your eye? as we gone to the conversation, she does seem to be talking more about inflation and how to doesn't want to avoid making too low inflation ingrained habit is kind of comments. mike: she's finally getting to the good stuff, the things that wall street wanted to hear. she is saying the fed is going to continue its policies, it does not believe the phillips curve is broken. as long as unemployment continues to go down, the odds are inflation will rise and also, that upon implement falls farther below the national rate it --l employment, then the inflation rate will rise faster, and that's not necessarily a bad thing for the time being. she does say the fed is concerned about how the markets are reacting to what they are doing, but she reiterates the idea that they are going to raise rates very slowly and very gradually, and that they have communicated that well they think to the markets. the nothing think there's be
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
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
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
Mar 16, 2017 10:00am EDT
hawkish is that what we are suggesting here? know.don't it is too early. mark: george stays with us. we will talk about the latest decision from the bank of japan and what we can expect for the rest of the major central banks. this is bloomberg. ♪ i think it would be different for the simple reason suffering mores and everywhere else is looking more optimistic, particularly in europe. thoseill be positive for countries. -- the fed maybe raising a couple of times this year. there are deviations, but it is partly because we're going to a shock which is specific to the u.k.. of aheade we got ahead of ourselves? bloombergmeeting went releases story, the ecb could end. rates before the are we getting ahead of ourselves? do you still think tapering will be preannounced this year? >> i think it will. it might not be until after the election season is over. the second half of 2018, it will take some time. i think we should remember that tapering is not tightening. it is still loosening. we have said we will see a recession within five years and there is no doubt about that. taking the fed
Bloomberg
Nov 1, 2017 10:00am EDT
whether george was simplys boasting. manufacturing activity rose last month. measures of pricing and capacity indicated inflation pressures are building. that comes a day before the bank will increase interest rates for the third time in a decade. this is bloomberg. vonnie: thank you. as i mentioned, developments in the robert mueller investigation with george papadopoulos claiming officials did agree to a meeting with representatives of the russian government. no indication yet if the meeting occurred. it could be another headache for the white house. we are joined by tim o'brien. on gadflycess those go. if there is reason to believe campaign officials agreed to the meeting, why is that a problem? tim: i don't think collusion itself is a problem for the president. it is not a crime to cooperate with a foreign government to a certain extent. the issue is whether or not they tried to cover up their tracts once they were asked about it. that becomes obstruction of justice. background narrative that they were not colluding, you now have someone within the campaign who said let's take th
Bloomberg
Oct 17, 2016 12:00pm EDT
? once bush was elected? true, butt's entirely george w. bush had some other things that he was dealing with at the time. god forbid we have something like that, he was able to rally the country around. i don't know if we ever really got to see george bush push his agenda in this non-9/11 environment. also, he's not hillary clinton. she comes into the race with so much more animosity and any other presidential candidate before. there were people in the country who never liked her to begin with. the latest polling that tohave here, showing 51% 41%. are you seeing him making inroads with the line of attack he's taken recently? these polls are really hard to read right now. polls,l polls and state they are saying different things. there were two of them out over the weekend. one showed hillary clinton with an 11 point lead. question is -- which one to believe? the one that we know is that he's not making progress among the voters he would need to overcome some of the obstacles that he has. remember, this is not a national election. not like brexit, where the majority wins. this is state-by
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
Dec 14, 2016 12:00pm EST
advisers under george bush the younger. i went back and read one of the great speeches in history -- governor bernanke's speech in tokyo in 2003. it cuts to the chase on the dissertation on the part of the japanese -- the goal is to break deflationary psychology. the donald trump break the -- did donald trump break the nation's deflationary psychology? glenn: i think he has done a great deal to do that. the moves we have seen in markets are resetting expectations of growth. the proof would be in the pudding, but i think it is a big change, at least as large as the anti-inflation message ben was giving in tokyo. obviously donald trump's economic views do not conform well with the economic orthodoxy we have seen from conservatives in recent years. he is skeptical if not outright hostile to trade, he has talked about using fiscal stimulus to prime the pump of the economy. is there any role of for classic supply-siders, or is the entire intellectual party sellers when -- partyregroup establishment going to regroup under his economy? glenn: i guess i see it differently. the big bills e
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
Nov 4, 2016 12:00pm EDT
political retaliation. they were accused of intentionally creating the chaos at the george washington bridge over several days in september 2013. this was meant to public -- meant to punish the democratic mayor. a claim contradicted by multiple witnesses. french police are evacuated thousands of migrants from an illegal camp. reporting police and city officials are removing about 3000 migrants from sudan, if he'll be a, and other countries. taken to temporary shelters where they will be able to apply for asylum. world news paris. by 2600wered journalists and analysts in over 120 countries. this is bloomberg. mark: thank you very much. most.tocks falling the the 10 year bond is set for the biggest rally since september. longer data yields leading the rally. the chart you are looking at is the global aggregate index, which has risen in recent days since the election. has manager at msg, which re-hundred $10 billion under management. us.ber is behind many bond investors may say that is a relief. reaction depending on the scenario stood next week's collection? -- next week's election. >>
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
Nov 22, 2016 12:00pm EST
wrong. pointedon the show and out how people were very excited about george w. bush at first and that did not turn out well and they were negative on obama and the last eight years were awesome. they might just have it all wrong. point. is such a good anyone who thinks they know what donald trump will do, you're crazy. people underestimated him so badly in the primaries and the presidency. all of those celebrating, they might not be laughing if , whichteagall comes in is already a possibility. byis anyone offended still the george soros advertisement? >> the thing that came up more than hurt feelings, for example, he said, i'm worried about women in america, immigrants, muslims. those people have been hurt by the thinks donald trump has said, but my family will be fine. >> that says it all. a fantastic read on the bloomberg, available at bloomberg.com. joe weisenthal will be back in about 30 minutes for u.s. stocks are trading at a record high. we will monitor that events. at 2201.00 ♪ hii'm here to tell homeowners that are sixty-two and older about a great way to live a better
Bloomberg
Nov 10, 2016 12:00pm EST
took over from george w. bush. so he plans to continue that as well. goes, as the cabinet donald trump doesn't go the republican party anything. vonnie: could put anyone anywhere. steve: he really could. and he knows a lot of people who cross the partisan divide. and so i think that will be something we are watching closely. time, he at the same will want to put people in who will do hisddin bi of sorts. and so where he feels like he appointmost latitude to people that he trusts but also, people that won't cause headaches for him, that is the narrow lane in which i think he will operate. the timetable for this, generally? we don't know that much about his policies or plans. we want to get names sooner rather than later. looking at history, how quickly does the president name members of the council? steve: i think we will begin to hear names next week. then, through the holidays does pose some convocations and problems. i think we will hear about some of them before thanksgiving but we will be done hearing about of december.nd and that leaves january, really, for everyone to get s
Bloomberg
Dec 15, 2016 12:00pm EST
the last overhaul which was signed by george bush in 2006. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. vonnie: thank you. trump,nt-elect donald can he outperform republicans of the recent past question mark our next guest says yes and he has the opportunity to succeed. he has a republican-controlled congress. donald trump remains a mystery in the new administration. soweng us now is thomas ll. the book is -- his book is in its second edition. what is mysterious about donald trump now that we know who his cabinet picks are for the most part? >> i think he has taken a number of positions that have changed. of things thatr had to be walked back sometimes with them the same week. outlines andof his positions but we don't know what he will do. president, ifnt we listen to what he said, we could've expected this would end up as a post-racial society as many expected. in point of fact, racial polarization is worse than it was before. you cannot judge any politician by what his proclaimed goals are. you have
Bloomberg
Dec 13, 2016 12:00pm EST
compromise -- also has conflicts in the way he runs his business is. every president since george washington has taken steps to isolate himself from the conflicts of their personal wealth. we want to donald trump to do that. it has nothing to do with his business. we want him to set up blind trusts and divest from these holdings. we are anxious to see how he intends to separate himself from his business. thank you so much, senator ben cardin joining us from capitol hill. scarlet: donald trump has pledged to make america's business structure second to none. we will be speaking to the ceo of aecom. this is bloomberg. ♪ oliver: this is "bloomberg markets." scarlet: donald trump's pledge spendingand researcher -- and researcher spending -- today, we are putting the spotlight on one company, a ecom, whose shares are up 40% after election day. a number oferseen infrastructure projects from concept to completion, including one world trade center. joining us now is the chairman and ceo of aecom, mike burke. you are in new york city, you held an investor meeting today in which you discus
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
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
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 13, 2017 12:00pm EST
well, according to george ferguson. we also have the consumer discretionary index at a record high. we have a real mixed bag of stocks that are also at record highs. priceline in red we will start off their. it does not look like it will be at a record high, but it was moments ago. a bloomberg intelligence analyst told our team that what is happening is the booking.com portal is doing quite well. that is one reason that stock is near record high and slipping right to the green. goodyear trading higher despite challenges in the year ahead. hasbro, who knew? it's one of the top stocks in the consumer discretionary space and they put up a great fourth quarter with the stocks trading well after that disney affiliation. another stock trading at a record high's southwest airlines hitting yet another record high. also trading high is delta airlines and american airlines. sectortingly, the did take a hit with the announcement of the trump travel ban. it has recovered quite nicely from this. george ferguson says the reasons that less is doing so well is that they are showing strong constraint a
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 3, 2017 12:00pm EST
would attend. a spokesman for george h.w. bush has confirmed he will not attend. the south korean president's reviews and testify in the impeachment trial bul. the constitutional court asked her to testify tuesday. if she refuses twice to appear -- she is accused of corruption. the uk's ambassador to the european union has unexpectedly resigned. he is leaving so a successor can be appointed before britain begins to leave the european union. it can take 10 years to negotiate a free trade deal. even then, uk's parliament cuts couplet. -- could scuffle it. 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: if you months ago, raghuram rajan finished a three-year term as president of the reserve bank in india. he joined me and tom keene this morning for an exclusive interview. raghuram: i think we are in the process of exiting. with the federal reserve seeing limited room for continued accommodation and starting to raise interest rates, i think you will see the pressure on other central
Bloomberg
Dec 9, 2016 12:00pm EST
part of the last administration to increase the gas tax. she was the deputy chief under george h w bush, and the last time the increase happened was under his administration. if she were to get behind this which industry groups are hoping she might have a sort of key position not only as the chief of the dot if she in confirmed but also the wife of mitch mcconnell. there is an opportunity for some sort of backdoor dialogue there and maybe she can help get senate republicans on board. david: thank you so much. denying it cuto daily atm withdrawals. ♪ ♪ david: live from bloomberg's world headquarters, i am david start with the- headlines. taylor: the president of south korea has been impeached. lawmakers voted to remove him from office after a -- remove her from office after a peddling scandal. the constitutional court will deliberate over whether to end her presidency or reinstate her. defense secretary ash carter says the u.s. will assist afghanistan for years to come. >> we not only continue supporting our afghan partners, but continue our cantered -- counterterrorism mission
Bloomberg
Nov 14, 2016 12:00pm EST
lot like what we saw during the george w. bush administration in terms of antitrust enforcement. but i would say, in response to that call from the client, is that it depends a lot on your industry. is your deal global? do we need to worry about space? it depends on a lot of factors before you decide on a given deal. >> let's look back little bit. i remember in 2009 when obama became president there was a lot of noise about greater antitrust authorities and a lot more scrutiny. christine varney made a lot of noise about it that it didn't seem like we saw as much until, say, 2013. why did it take so long for that administration to be more strict? >> i think that was the perception. what changed then was that bill there was appointed to be the head. >> he was more aggressive. >> one of the main differences that i see is these big rock cases. know theour viewers way antitrust works often is by settling cases. but when the government doesn't like where things are going, they have to decide, are we going to settle this case or go to trial? the bushhat early in administration, they had broug
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