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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
Jan 11, 2018 2:00pm EST
, mike george. after a pause yesterday, we resumed the rally. back. rally is look at the solid gains that we have for the major averages nasdaq s&p 500 and bit igher by .5% or a more. 2000. out russell the optimism is back about tax cuts and what it will economy and we have the earnings season getting under way tomorrow with some of the big banks. those in a t moment. but first, let's look at a few of the stocks that are 2000 g the russell higher. these are small cap stocks. 17%.ress software up they beat earnings and sales estimates. same thing with k.b. home. they beat earnings by more than 9%. stands out in contrast to yesterday's lennar.s miss by company, the brinks up almost 9%. these are some small cap winners. the earning season overall, let's hop bloomberg and look at the year-over-year earnings growth. in 2013 and '14, ecent growth, but then we see an earnings recession '16.here to 2015, 2017, lots of growth. 20% last year. this is the estimate for the fourth quarter that we'll be at.ing up 11.8%. that according to mkm. be more reason to think why the stock market is rallyin
Bloomberg
Dec 12, 2016 10:00am EST
for doing it and george soros paid a big fine. however, it isn't an obvious at all. in the u.s., or prosecutors have vigorously pursued insider-trading cases, there is defining what constitutes insider trading and what doesn't. there are also huge variance in penalties, with a maximum two years of jail time in france, with a maximum of 20 in the u.s. or south korea. the decision restored some, but not all of the levers lost by when anors in 2014, appeals court in new york narrow the definition of insider trading and made it harder to bring cases. it became a crime in the u.s. through judicial interpretation of a 1934 law aimed at cleaning up the 19 29 stockmarket crash. one of the most famous cases made a household name of ivan boesky, who was thought to be part of the inspiration for the character gordon gekko in the ." 7 film "wall street legislation against the practice until the 1990's. but after 2013 scandals embroiled prominent firms. the argument is that insider trading proponents contend it allows information to be incorporated into stock prices quickly, making the more accu
Bloomberg
Apr 18, 2017 12:00pm EDT
city fed president esther george tells us why she thinks the economy is moving forward and what that means for future rate increases. this is bloomberg. ♪ vonnie: this is bloomberg markets. kansas city fed president esther george says they haven't made a decision on when to shrink the balance sheet area speaking exclusively to michael mckee, she gave her outlook on the forward strategy and where she thinks the economy stands. esther: the economy has that's and starts. we've seen this over the last five years. the first quarter looks to be relatively soft. keeping our eye on whatsapp anemic, i think as much as possible, not over interpreting what it means relative to the longer term. for the year as a whole, i still see consumer spending in a way that should carry the economy forward. intoel: the fed is divided a camp that says we can do one more and a camp that says we could do two more and a small cap that we could do three more. where are you pitching your tent? requires you can't and down the number today. it,eans toward the long run you know where you are headed and you continu
Bloomberg
Mar 6, 2017 2:00pm EST
president trump's revised travel ban. , bloombergime around intelligence analyst george ferguson believes that this has more to do with delta revising versus yields to the lower end of the range and investors are somewhat disappointed on that. george ferguson thinks that the airlines right now are a little bit optimistic about ayers. and that pressure could -- about fares. and that pressure could fall in the future. >> thank you so much, abigail. let's check in on bloomberg first word news this afternoon. mark crumpton will probably not be discussing franzen. mark: president trump signed a new executive order on travel. press secretary sean spicer tweeted this picture of the president signing the document. the order will restrict entry to the u.s. by people from six predominantly muslim countries. iraq is no longer on that list. syrian refugees will be treated the same as other refugees. effect march 16 and last 90 days. the administration says the new order was needed to address urgent security. according to a draft seen by bloomberg news. the communicating will be negotiated. back in ju
Bloomberg
Dec 22, 2017 2:00pm EST
with a brazilian manufacturer. let's bring in george ferguson, our senior air transport analyst. great to see you as always. when we look at the possibilities here of boeing and embraer.a and if something does happen, it would not just be boeing buying them. talk us through it. >> i do not think it would be embraer.ing defense the primary contractor in brazil, so it does not make much sense for the u.s. to own them. and there are businesses inside embraer that boeing does not really want. they have a business side that makes little to no money, very challenged right now. boeing could have been in that tors ago but decided not enter. so the defense businesses make me think they will find a way to partner on the eu jet series -- e jet series, the commercial aircraft, which helps them compete better with airbus. so the c series and airbus can be pitched together, if boeing the 737, the erj and it would put them on the same footing. scarlet: and i am glad you --,ght up boeing and because that brought up the deal for boeing and embraer. and surely boeing new that they were this very
Bloomberg
Nov 2, 2016 10:00am EDT
andresidents statyed presidential hopefuls state including ted kennedy, the caucus, george h.w. bush. the list goes on. vonnie: is its history buffs who seek out these properties or do they market it to anyone? james: real estate agents with certainly argue it does add value, but i think that there is trick that george washington slept here. anyone in new england can claim some sort of historical providence. a lot of these places i mentioned have a much more direct connection, and i think that history rubs off a little bit on the value of the property. nejra: we have to leave it there, but it is a fascinating story. i urge everyone to read it. thanks to james. you can read more about luxury at bloomberg for your destination for the finer things in life. coming up, a pound power. certainly continues to gain against the dollar. we will continue this with a top ethics strategist at ing. that is next, and this is bloomberg. ♪ vonnie: it's 11:00 in new york. 3:00 in london. 11:00 in hong kong. i'm vonnie quinn. nejra: i'm nejra cehic in for mark barton. welcome to bloomberg markets. ♪ vonn
Bloomberg
Apr 18, 2017 2:00pm EDT
undermine a growing economy. in a bloomberg exclusive with esther george. what one of the fed more hawkish voices tells us about how many rate hikes are appropriate this year. markets close in two hours time, julie hyman is tracking all the moves and goldman sachs is earning report is dampening sentiment. julie: as goldman disappointed on trading, stocks are up off the lows and we are seeing some buying and rotation into some of the more defensive names. consumer staples up today. along with telecoms, where there's a little bit of buying. lower, takenill down by goldman sachs and johnson & johnson, which we dig into later in the hour read i want to talk industrials. whoave snap-on, the company donald trump is set to visit today. whichen there's ranger, is negatively affecting snap-on, coming out with earnings that missed analyst estimates. granger talking about price competition putting pressure on its prices. shares are down 11.5% as earnings missed estimates and the company cut its forecast for the full year as well. something else that's interesting that we noticed you can see in the ch
Bloomberg
Oct 30, 2017 2:00pm EDT
the key things is george papadopoulos bullis cooperation with the indictment. these are not necessarily finite. could find out new information and have further of them or others. it will be interesting to see whether or not there are more charges brought forward to these individuals are new ones. that's the process. sanders sayingy he expects miller's probe to continue very soon. is wishful thinking given how much it seems to be expanding. >> definitely. she did not provide any information about why she going tothe probe is be wrapping up soon. the white house has sort of herod this line for summer months saying this is just a witchhunt that is going to be completed very quickly because there are no reasons for president trump to be prosecuted or involved or targeted at all by this investigation. it does appear the special counsel is looking at different ways to advance the investigation. he is continuing to have interviews and talk to people. he has called on the white house to preserve all emails and all information that may shed more light on what happened during the 2016
Bloomberg
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
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
Aug 9, 2017 10:00am EDT
george w. bush say are their greatest achievement while running the u.s. we will have that story next. this is bloomberg. ♪ mark: this is "bloomberg markets ." i mark barton with vonnie quinn in london. vonnie: this week, we hear what former presidents bill clinton and george w. bush had to say about their biggest accomplishments while they were occupying the white house. >> what would you say in your 8 years you were most proud of having done? >> i was most proud that when i left office, we had the broadest period of shared prosperity in 50 years. the bottom 20% income in percentage terms, and nobody was mad at anybody. it was shared across racial and religious and regional lines. did abolished inequality? no. you cannot in a market society, but at least we found a way to have more shared prosperity, including three budget surpluses. >> what would you say in your 8 years? president bush: my daughter loves love me. [laughter] president with: it is a itllenge -- president bush: is a challenge to have daughters when you are president. our family unit strengthened. i think that is a gr
Bloomberg
Dec 28, 2017 2:00pm EST
retaliated with a similar ban, but beazer -- visas have resumed. former international soccer star george weir could be on the verge of winning liberia's presidency. of ballots tell it -- tallied so far. the challenger had received about 38%. both are competing to replace africa's first female president. launch failures are forcing the kremlin to take a look into the struggling industry. the concessions come after satellites were lost after a failed russian launch. in another blow, indications with the russian-built can indications settle it went silent after a lunch on tuesday. the string of failures calls into question russia's ability to remain -- retain high standards for manufacturing space equipment. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am development. this is bloomberg -- i am nabila ahmed. this is bloomberg. julie? julie: thank you. it is not all paradise at wynn resorts. we will tell you about the five-your battle for the company. they are outpacing rivals like las vegas sands and ngm resorts. from new york,
Bloomberg
Jul 27, 2017 10:00am EDT
discuss it is george, head of fixed income strategy. george, relatively soon, does that mean an announcement in september, and maybe some action in october? there are a lot of sticking point in september. it could influence the fed's decision for a start in q4. but they almost in the opposite of what they did in 2013. they put out all of that ahead of time before pulling the trigger. you talk about positioning, this cycle of being in an anomaly. let's cut to the chase. what does it mean for trade? what should we buy as a result of that? george: it is a function of buy and sell. there are a lot of relative i opportunities throughout this. in the treasury space and beyond -- opportunities throughout this period, in the treasury space and beyond. we had been living in a world where investors have not had to hedge for two way risk. that will cause volatility over the course of time. the first three months may seem like a snoozer because they will go slow, but we do think that is a look towards next year, they are going to be putting a lot of paper back into the system. the private s
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
Nov 14, 2017 12:00pm EST
to investigate dealings of bill and hillary clinton. he now says he recalls a meeting with george papadopoulos. >> jeff sessions with a fiery hearing with the house judiciary committee when several on both sides of the aisle are putting him in the middle of what has been an ongoing investigation into russia. democrats criticizing him and trying to decipher what he knew and when he knew it. as the robert mueller pose -- probe operates in the background. republicans also try to understand why the attorney general and the justice department have not gone after hillary clinton. dealings with russia with the uranium one deal and other issues the republicans have raised. and whether there will be a special prosecutor in investigating hillary clinton remains to be seen but have acans think they republican -- a opening and try to seize in it when republicans have raised concerns about the russian involvement with the election. julie: it seems like jeff sessions is caught between a rock and a hard place with democrats and republicans. his office has said it is now investigating the iron --
Bloomberg
Apr 18, 2017 10:00am EDT
president esther george moments away. we will ask one of the more hawkish voices how many rate hikes are appropriate this year. mark: prime minister theresa may called for a surprise snap election with a vote to be held on june 8. she looks to strengthen her hand going into brexit talks. sachs stunnedn the world with a miss on bond trading revenue. gains.f america boasting how did goldman get left behind? mark: let's start with the u.k. and europe. we are going to bring you these charts on the french election. four to five days to go. everything changed after 11:00 a.m. local time. theresa may calling for the snap u.k. election on june 8. parliament will vote tomorrow. but one industry group following today. -- falling today. the big news today, what a day we have had in the u.k. theresa may calling for this snap election, june 8. thursday, the head of the statement, sterling falling. the speculation, what was she going to announce? it became apparent. sterling rallying today. it is gaining for the six the bank in seven. seven.h day in today, it has risen above its 200 day moving average
Bloomberg
Nov 10, 2016 10:00am EST
one man in 1932, george gallup, he conducted a ball for his mother-in-law running to be secretary of state in iowa. it was accurate and she won but he's still got some predictions wrong. remember this headlines, one of the biggest headline election blunders was a result of incorrect polling, including gallup. morewere refined to become accurate and they grew exponentially as they did. today in u.s. there is gallup, rasmussen, 20 tx, reuters, even bloomberg and ask them. -- conduct them. it is getting harder to trust their accuracy because of the cell phone which is one reason. all calls to cell phones must be made manually which is not only time-consuming but expensive. also, since anyone receiving a call on her cell phone can see who is calling, they tend to not answer the pollsters call. --2012 the low response rates means it is becoming harder to get accurate responses and analyst are more likely to trust aggregations of polls like those created by 538, real core -- real clear politicsas they do not just focus on one poll. here is a lot of work to be done to find out why they keep
Bloomberg
Apr 17, 2017 2:00pm EDT
. bush, he under george does the ins and outs of the financial services industry. he was not very complementary toward elizabeth borak and one of the legislative tussle that they had. i would imagine she would remember that. she could, in syria, have another nomination. but she is likely to push back somewhat against him. >> why is it that donald trump seems to have such a fondness for private equity guys? they are dealmakers. what we have heard in the campaign enter the early parts of this administration, the president loves to deal. he does like to interact with people that speak his language, it seems. and in many ways, wall street very much stood on the sidelines. they have gotten increasingly close and they are not talking about regulation, the trade. these are people that have deep insight into different parts of the global economy and fill in some gaps were maybe the president doesn't have a lot of strength. on and itgo on and seems like we see someone knew coming into the administration with that sort of background. our go-to guy on the fed. don't miss these close of inter
Bloomberg
Oct 30, 2017 12:00pm EDT
. george popadopolus admitted making false statements to the f.b.i. and suggested donald trump meet with leaders during the campaign. and the government is cracking down on leaders of the catalonia independent movement. regional officials will be prosecuted on charges of rebellion. the attorney general has stopped short of ordering their immediate arrest. global news 24 hours a day powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg markets. mark: coming up on the close, we'll take a closer look at paul man forth's background and how he made millions of dollars promoting kremlin's friendly interest in the ukraine. that's next. this is bloomberg. vonnie: i'm vonnie quinn. mark: counting out to the european close in 14 minutes time. let's go over the indictments against foreign trump campaign advisor paul manafort. in a 12-count indictment he's accused of laundering $18 million to support a lavish lifestyle including buying u.s. real estate and defrauding financial institutions that loan money. bloomberg reported manafort made millions of
Bloomberg
Oct 25, 2017 2:00pm EDT
customers. tom leighton, ceo of akamai technologies georges and studio. great to have you here. traffic,of the strong is that sustainable and will that carry forward into the fourth quarter and 2018? i think so.: people are watching video online, at higher qualities, and that's the tip of the iceberg. we had 60 terabits her second last quarter. that is 12 million people watching at reasonable quality levels. you can imagine a future world onee 100 million people, billion people watching even high quality. runway left. -- a lot of runway left. pricet: the rally boasted targets -- what is it about the current industry environment that things are coming together right now for you? mr. leighton: in addition to media and video there is a lot of interest in cybersecurity. you look at the headlines every week of the latest disaster. that's were we have really compelling solutions. a business for us now is $.5 billion year in revenue and growing in the high 20%. we just unveiled a latest technology to use machine learning to differentiate between bots and humans. humans, when they hold
Bloomberg
Nov 15, 2016 10:00am EST
confirmed. a big spike in oil today following george stories. that.tulations on diplomatice final efforts being made to assure there is a deal come the end of november? >> we have two weeks to go to the meeting. is a lot of see meetings. multilateral meetings of ministers. the president of opec. algeria has played a huge role trying to get this deal together. venezuela, role of saudi arabia and iraq. we see meetings happening right now in rio where th are having meetings. see more meetings later this week when the .ussians will be attending mark: what does the compromise like? what will be the end game do you think? i think it is something the think currently is in the markets. and also internally to the domestic audience. shoulder most of any production. they want lipservice coming from other countries that alone.ll play so far we are not getting that. the main problem is we have only two weeks to go and there is a lot of work for opec to reach a compromise. >> sort of ignoring the non-opec countries recently. talking about algeria. our problems continuing for oil?ed to and do yo
Bloomberg
Aug 16, 2017 2:00pm EDT
george h.w. bush and president bush coming out with a statement . it you will recall president trump's provocative comments about george washington and thomas jefferson statues being next. a tip of the hat and a reference from president bush to the declaration of independence. and one of charlottesville's most famous residents in terms of talking about the message of equality for all and not accepting bigotry. pressure both from politicians among republican ranks and from business leaders as president trump now tries to recalibrate for a fifth day in a row. what about members of his own administration? he clearly took his aides by surprise. he was meant to make a statement and step aside to answer questions on infrastructure. not look pleased, though it is hard to read his expression because he was looking down at his shoes. margaret: yesterdays are marks caught a lot of people off guard and left them dismayed or uneasy. surgingrt of a overnight into today. it is now wednesday afternoon and we do not see, at this time, any high-profile departures or any department chairs -- departures.
Bloomberg
Oct 19, 2017 12:00pm EDT
." speaking at the george w. bush institute, ambassador haley criticize russia's efforts to "sow chaos in the recent election." president has backed a non-biting -- nonbinding senate republican plan, treating it as the first threat towards massive tax cuts. the gop deficit concerns in drive.f the tax cut according to those familiar with the matter, the move sets the stage for tax legislation that could pass later this year. in californiay cooler temperatures and light rain today will help firefighters battling wildfires. a spokesperson says that by tomorrow, crews should fully contain a wildfire that devastated sonoma county and santa rosa. flames in seven counties have killed at least 42 people and destroyed thousands of homes and businesses. rifles andce fired here yesterday to break up the missed raiders of government opposition supporters. this was despite a court ruling that renewed the government's on demonstrations. -- ban on rights demonstrations. elections are scheduled next week. global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countr
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
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
Nov 14, 2017 10:00am EST
meetings during the campaign attended by george papadopoulos and carter page, among others. frankly, i had no recollection of this meeting until i saw these news reports. i do now recall that the march 2016 meeting at the trump hotel that mr. double-double is attended. but i have no clear regulation -- recollection of the details of what he said at that meeting. after reading his account and, to the best of my recollection, i wanted to make it to him that he was not authorized to represent the campaign with the russian government or any other foreign government, for that matter. but i did not recall this event, which occurred 18 months before my testimony of a few weeks ago. i would gladly have reported it, had i remembered it, because i push back against his suggestion that i thought may have been improper. as for mr. page, while i do not challenge is recollection, i have no memory of his presence at a dinner at the capitol hill club or any passing conversation he may have had with me as he left the dinner. campaigns,e been in let me just adjust. must've you have not participated in a pre
Bloomberg
Oct 17, 2017 12:00pm EDT
business flash. billionaire george soros has transferred nearly $18 billion of his wealth to an open society foundation, according to the wall street journal. reportedly a trade fund from open society. the move has pushed open society to the top ranks of philanthropic organizations, second only to the bill and melinda gates foundation. the family that controls nordstrom could not take the retailer private because lenders wanted an interest rate the family could not pay. they needed about $7 billion to fund the deal according to people familiar with the matter, interestrs ask for 13% rates, roughly twice the borrowing cost of typical retailers. that is your business flash update. vonnie: the u.s. dollar gains against the u.s. -- the mexico peso after mexico and canada reject the latest nafta proposal from the u.s. this is bloomberg. ♪ ♪ . that is a beautiful midtown manhattan this tuesday. that is where we are broadcasting from in new york. i am vonnie quinn. .herry: i am shery ahn let's check the averages, 23,000 time hit for the first ever in the s&p 500 slightly 2556.at receipt
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
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
Mar 14, 2017 2:00pm EDT
. and then you have josh bolten, former chief of staff to president george w. bush, but he was a never trumper conservative. you see them trying to mend fences and what they call a business family environment. brody, great story on the bloomberg terminal. scarlet: still ahead, trading tech in a rising-rate environment. this is bloomberg. ♪ oliver: this is "bloomberg markets." i am oliver renick. scarlet: i am scarlet fu. time for "options insight" with julie hyman. julie: joining me is the chief investment officer at recon b in your note today, you said we are seeing risk-off on options trading. >> across the board in the index those are the european call options, a lot of institutions traded them. more puts being traded, as well as the etf's that tracked py, and like the qqq, s when you look at the vix, two times the amount of calls. we are anticipating an increase in volatility picking up across the board, and they are doing it in every product they can. it, ifon the surface of you just looked at the vix, for example, it would look like no worries about anything, practically, becau
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
Sep 29, 2017 2:00pm EDT
governor? i do ask because he did serve in the white house under george w. bush, was in charge of the day today, but was he an influential voice? not on monetary policy. during the financial crisis, he andone of the top bankers terms of reasoning with wall street. he worked with the banks and that. that, and had discussions on how to save the economy. a macro economist without with a note today criticizing his for cap -- warsh's forecasting ability. everyone is criticized for that, so how important is that of the job, ultimately? michael: it is important. we talk a lot about the fed is the economic projections, and the fact that -- the fed's economic projections, and the fact they have missed a lot of them. he would probably be relying on the staff quite a bit, and he help producing the forecast. that might be more mainstream because that is where the staff is coming from, but probably not a big deal where he forecasted a lot of inflation and it did not happen, because you can name a lot of fed voters this year who did that. scarlet: quickly, how much staff turnover is there when ther
Bloomberg
Jul 10, 2017 2:00pm EDT
the years. , lot of them like george soros they made their money by spotting the trends early and some of the computers are taking over and doing that faster and better. we see very low volatility. a lot of managers are saying time when will be a volatility comes back and may be at that point, they can grab does problems again. data is showing over the past five years on average, they haven't really made any money. we have talked a lot of them going under. what about the survival of the macro funds when they have not been doing well for quite some time? >> they charge the highest fees in the industry. they have had that cushion there for a while. and the other, really, is that it continues to make some money if you're ready to make macro isagers betting that there some volatility there. we have seen a few bright spots. julia: actually finding risk-adjusted returns is incredibly hard. will they be trading more or less, taking more or less risk. that, they seeing take on more risk. --they were saying managers with bigger risk comes the potential for bigger mistakes. they go to that
Bloomberg
Aug 1, 2017 2:00pm EDT
former soviet republic of georgia. he said the u.s. backs of george's desire to join nato. attorney general jeff sessions has chosen general mark engine to lead of the federal bureau of prisons. the general has 35 years of military service and most recently worked as an army advisor on policing issues. the u.s. prison population is expected to grow under session'' tough on crime policies. global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. julia: thanks so much. coming up, we will hear from our interview with howard marks. why he is really in the alarm bell on markets. from new york, this is bloomberg. ♪ scarlet: this is "bloomberg markets." i'm scarlet fu. with stocks hitting record highs, the dow just moments away from 22,000, howard marks is sounding the alarm. his recent memo to clients warns that markets are overheated and risky. exclusive interview, erik schatzker asked him if investors have the patience for underperformance. howard: i believe so. you know why? when they sign on, we tell
Bloomberg
Nov 21, 2017 2:00pm EST
to reporters. he and first lady melania trump will be heading to join -- george air force base andrews. mar-a-lago for the thanks giving holiday. scarlet: i was just going to say, we have headlines from that is not speech, the conversation he is holding with reporters. he is talking a little but roy moore -- i'm sure people asked him roy moore -- and he says, " roy moore denies it, and that is all i can say." for now the president sticking with roy moore. we will bring you any other details on anything else he says , grinning tax reform, which is going to continue while he is on holiday in florida. julia: what is thanks giving? scarlet: thanksgiving is thursday. julia: what we did do this spend a whole day parting of turkey. scarlet: pardoning turkeys? that means they are not going to kill the tricky to get that turkey and the tricky gets to live free. york, this isw bloomberg. ♪ julie: you are watching "bloomberg markets." i'm julie hyman. for "options inside" is a strategist at trading advantage, joining me from chicago. forher day, another record the major averages here. w
Bloomberg
Jul 27, 2017 2:00pm EDT
was just talking to george ferguson on the phone from bloomberg intelligence and he , experience getting into a price war with united, united might be the one that comes out not on top of that battle. you on, thankve you. let's get you a business flash update. the benchmark that underpins more than $350 trillion of financial products will be phased out by the end of 2021. british regulators and bank will try to replace it with a more reliable system. pershing square has built in automatic data processing, a data outsourcing company. that is your business flash update. sclaret? scarlet: wall street's top bosses have tried for years to boost diversity in their ranks but now it seems the number of black executives at firms is actually going in reverse. and bloomberg's ongoing coverage of diversity and inclusion in the workforce, our own diversity reporter jordan hallman joins us in today's "walk the talk." we looking at the percentage of black workers not just in middle and upper level management, but across the workforce declining. >> yse. we look to the total workforce. some of th
Bloomberg
Jun 7, 2017 2:00pm EDT
. faith leaders from george and christian community's joined in to defend them on their willingness to address the issues and they offer their support. president trump's ambassador to the united nations says the u.s. will not allow the u.n. to "bully" israel anymore. afterinjures lament day -- whitewash their images and israel attacked jewishness state unfairly. told the israeli president "i have never taken kindly to bullies and the u.n. has bullied israel elite -- a very long time and we are not going to let that happen anymore. powered by more than 2700 journalists -- global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. scarlet: thanks so much. coming up, speaking with erik schatzker at the bloomberg investment summit right here at bloomberg headquarters at we will bring you their conversation next. this is bloomberg. ♪ scarlet: this is bloomberg markets. i'm scarlet fu. >> the bloomberg investor summit in new york is underway. speaking now with erik schatzker is the chief investment office
Bloomberg
Jan 17, 2018 2:00pm EST
congressional gold medal to bob dole. some of the rewards recipients include george washington, and mother teresa. .ill bring any headlines this is bloomberg. bob dole is one of those giants. ♪ youu you scarlet: this is bloomberg markets. with another government shutdown looming over congress, the higher congressman and the house freedom caucus member jim jordan spoke to bloomberg to discuss his opinions on government spending. >> right now i don't think they're the votes for. i think democrats are going to vote for that, and there are a number of conservatives and the people in the armed services committee back problems with continuing this idea that we're going to function under a short-term resolution, short-term funding bill, and not do what we need to do for our national dissent. the right thing to do, what on is to make sure that we have what we need to protect this nation and protect our allies and what we need to do. let's hold the line everywhere else, and not continue to grow government. it is the conservative position, that is what we campaigned on, that is what we need
Bloomberg
May 9, 2017 10:00am EDT
improper means of competition. >> for someone who was to take george rinks empire global, what do you think about the protectionist rhetoric that is rising in many parts of the world, including the united states? does the threat of punitive tariffs change how you might look at an acquisition in the united states? there are rumors you have been looking at dean foods, the dairy company. the waymake you change you look at the risk associated with buying something in the united states? zong: it will have a huge impact on chinese companies. having spent a lot of money and energy on the early stage, you are rejected by the government in a last-minute. i think the u.s. should not be too worried about china. the world will bps well as long as china and the u.s. have normal trade ties -- will be peaceful as long as china and the u.s. have normal trade ties. >> is dean foods something you are looking at? zong: my daughter is in charge of the negotiations. >> what kind of role if she taking on, now? zong: in fact, she has been supervising one third of our business. she is looking for new opportu
Bloomberg
Oct 24, 2016 10:00am EDT
and florida, it will be enough. rove played a major role in george w. bush's campaign. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. final lisa parenti. this is bloomberg. vonnie: thanks. i want to break the headline now, the one falling to the weakest level on record. it is weaker by another quarter percent, versus the u.s. dollar. china yuan, weaker story. pboc is time to keep up with the u.s. dollar. that.l watch now to the big deal that everyone is talking about, at&t has agreed to buy time warner for 85.4 billion u.s. dollars. the ceo spoke earlier today about this megamerger on a conference call. >> we are convinced this combination of time warner and at&t is a perfect match for our 2 companies vertically integrated. we will bring a fresh approach to how the communication industry works for customers, content creators, as well as advertisers. vonnie: news of the imminent deal was reported by bloomberg news october 20. joining us is alec sherman, who has been doing stunning work on all of this. congratulations. let's talk
Bloomberg
Oct 25, 2017 12:00pm EDT
bloomberg intelligence analyst, george ferguson, he said the quarter was not a blockbuster, but he would have expected to see a pop in the shares. shery: after rising 60% plus. thank you so much for that, emma chandra. let's talk about the success of the iphone x, depending on apple 's face id technology. this beings infrared light, helping the camera to establish the presence of a face. then there is a dock projector which flashes 30,000 dots on to the user's face. this feature is at the heart of apple's production process. finally, the infrared camera reads the thousands of dots which helps the phone decide whether or not to unlock. let's bring in bloomberg's alex webb. how a little bit about apple plans to bring forth this iphone x. are they willing to sacrifice quality for quantity? alex: we reported that they have made some concessions on what they are expecting from suppliers, in terms of the specifications. the reality is these would be nearly imperceptible to the user. it is a very fine margin of error in these components, on the level of microns and trying to get that all
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 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 3, 2017 2:00pm EDT
hit me at the low end of its prior forecast with a gain of 2%. , including george ferguson a bloomberg intelligence are saying that might be better than some analysts were anticipating, especially with the effect of hurricanes. shares surging 6%, gaining and climbing more more throughout the day. , ual, andirlines jetblue are higher. seeing back to back declines, down 2% over the past couple of days. if the first two straight a decline since september rate, following the best months of crude since april 2016 ahead of tomorrow's weekly inventory report here in the u.s. julia: still above $50 a barrel. rico, whereto president donald trump and first lady melania trump face the damage left behind by hurricane maria and record -- reviewed the island recovery. working to restore power deliver food, water, and other supplies to puerto rico's people. us.than levin joins great to have you on the phone. describe the conditions and the scenes the president trump saw today when he arrived in puerto rico. seeing two very different situations in the san juan much of vols area, which is hom
Bloomberg
Nov 7, 2017 2:00pm EST
november 14. the committee will counsel the attorney general about what george papadopoulos told them about meetings. sessions will be asked to explain why he denied any knowledge of any trump campaign manager having any connections to russia. addressed aresident group of visiting mayors from catalonia. people did the at the ballot hawks what he calls the spanish governments repression of the wish for independence. he fled to brussels after they dismissed the regional government because of attempts to secede from spain. prince said's crown today the ballistic missile launched at the kingdom was a direct military aggression by the iranian regime. the saudi led coalition ordered the closure of all ports and grounded all trinitarian flights to the country. the first nation to give women the vote now wants to close the gender pay gap. news in the -- new zealand's new prime minister says she plans to achieve pay equity within four years. addparty is promising to dress social failures including the treatment of women at work. global news powered by 2700 journalists and analysts in 120 count
Bloomberg
Jul 28, 2017 2:00pm EDT
at a time. pictures ofe seeing you whistling at the mets game, you whistled for president george w. bush. the hallseen through of power, but how does whistling change your perspective when you are in those very influential places? what is the interaction like? >> it is fascinating, because some people get it, and some people do not. i was interviewed to be the -- of the securities, and arthur levitt asked me to whistle in his job -- this job interview. and then another time i had a chance to whistle for sandy wild is the head of citigroup -- as the head of citigroup. they looked at me like i had three heads. they did not get it. a skeleton key. it enables me to enter people's hearts and bring a little joy to them, whether it is the president and the over office -- in the oval office or the china,nt in the bank of and i whistled for him the theme song to "titanic." so it allows me to bring some joy to them. jason: what is the message people should take? i will not try to whistle for you, and i think many of our viewers -- you would be painful for you to listen to them whistle. how d
Bloomberg
Aug 9, 2017 2:00pm EDT
a pair of two-term presidents. david rubenstein speaks to bill clinton and george w. bush, tonight. ♪ julia: this is bloomberg markets. scarlet: i am scarlet fu. julia: between geopolitical tensions and climbing earnings, a notoriously volatile month of august in a game of push and pull. we are joined by oliver. oliver: indeed, things are pulling in opposite directions. talked about tensions within the equity market. i think that is still largely the case. let's look at something that a lot of investors think about somewhat bearish lead -- bearishly. investors like to see a lot of plots moving upwards at the same time. that is not happening now. 500 index., the s&p in the white is your equal weight version of that index, in which the weighting of the companies does not matter. when this goes down relative to the s&p 500, that means fewer companies are participating in the rally. this bottom panel is the ratio between the two. it is a way to discuss the index beating the equal weight index. for investors, that spells warning because other companies are not participating. this char
Bloomberg
Nov 15, 2016 12:00pm EST
about the george washington bridge scandal , they have further, part and now it looks like that's further, part and it looks like the donald trump team is looking to remove chris christie. vonnie: how vulnerable is -- disposable is writes previous best re -- the new chief of staff? >> he is like donald trump's washington establishment guy, to keep them connected to focus on the hill and two republicans on k street and the rest of the republican establishment in this town. i do not think he will go anywhere. will beally i think he a stabilizing force in the white house, particularly if you've been in survival -- steve bannon survive the scrutiny and keeps his senior role in the trap administration. -- trump administration. david: people still upset donald trump selected steve bannon. could the transition team responded that and then to the pressure -- bend to the pressure? >> i would be shocked, it would take jeff sessions, his closest confident, saying that steve bannon is a problem before donald trump would throw him overboard. i do not take a republican who ran against the washi
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
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