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Bloomberg
Dec 29, 2016 10:00am EST
reform back in 1986. president george w. bush pushed for a bill and 27 -- 2007 that would have tightened the border. but it was killed by conservatives in congress. republican candidates focused on deporting the undocumented. mitt romney opposed a path to legal residency over citizenship. that november, hispanic voters cast 40% of their ballots for president obama. democrats are more or less united on immigration. congressional republicans had been split. they were unmoved by an amendment to the 2013 senate bill that would have hired about 20,000 more border security guards, and required an additional 350 miles of fencing. there are conservatives who approve for a path to legal status, but not citizenship. thepublicans feared continued fight over immigration more hispanicing voters in the arms of democrats. you can read more about immigration on the bloomberg. i'm courtney collins. that is your global business report. had to bloomberg.com for more stories. vonnie: philip kent -- still ahead, the looming exit from the european union. is u.k. real estate arena staggering. this is
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
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
Nov 3, 2016 12:00pm EDT
inflation pass us up. speaking to george lat later in the hour. given the breaking news, we've shares becomee one of the worst performers in the s&p 500. taken down the averages more than they were. stock has been holding pretty steadily. for much the afternoon here. particularable in for its eighth straight decline. like that seen a drop since 2008. according to dan curtis makes haven't seen, we an eight day drop this millennium. interesting here, here's a look eight day drop on an day to basis pep we were actually higher and rolled over lower datate the latest polling that shows hillary clinton slightly heated of donal -- ahef donald trump. still some concern. the pull back during this period has been 2.7%. i wanted to talk about the today.on the mow healthcare very much a part of that which we'll get into detail. .t's down .6 of one percent it's texas with the biggest drag today. and energy,ncials holding up relatively well. let's talk about some of those stocks.al according to bloomberg news reporting, the justice department which began anti-trust investigation, is chargesg to fil
Bloomberg
Dec 23, 2016 12:00pm EST
that has been living in urgency for more than a year. presidentide to george w. bush is a paper to become donald trump's counterterrorism advisor. they reportedly had a long meeting in florida on thursday. an israeli official is accusing president obama of a shameful move against israel at the u.n. after learning the white house does not intend to veto a --urity council resolution after being delayed them of the vote is expected to take place today. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm erik johnson. this is bloomberg. david: citigroup's chief u.s. equity strategist tobias levkovich just boosted his target for 2017. his new target is 2425. earlier today, he discussed what is driving his outlook. tobias: let's start with the numbers. we are looking for $131 next year. up from $120 this year. increase, youf 9% are getting three percentage points coming from the energy sector. in terms of the tax cut benefit, the stimulus program, a 20% tax add only in the fourth quarter. another couple percentage points. you are
Bloomberg
Dec 8, 2016 12:00pm EST
depressive affect on exports. so something to monitor. david: thank you very much. later today, george magness, at theity of oxford china center will discuss the anti-establishment votes across the globe and why markets have been largely complacent. coming up, can alphabet bring financial discipline to google's moonshot project? this is bloomberg. ♪ david: this is "bloomberg markets." i'm david gura. out of makes a lot of money. google is profitable businesses makes $27 billion a year, but those much talked about moon shots, like the self driving cars, those businesses lose almost $4 billion. alphabet try to do something about that. it's the cover story in bloomberg businessweek. max chafkin is with me now. perhaps most memorable is the google glass. that which was widely disliked by people who felt like their privacy was being invaded. what did google learn from that? >> it embodies a lot of things that were maybe problematic at google. amazing technology, not so sharp on the business side of that. one of the reasons that may have happened, one of the reasons that my cowriter and i
Bloomberg
Jan 13, 2017 12:00pm EST
early 2000's couldn't and george w. bush decided let's improve our relationships through the oil industry. in october 2002 there was an energy summit in houston. and the second in st. petersburg that run together members of and executives from 70 oil and gas companies to do deals. that fell apart as the kremlin nationalize these private companies and as u.s. records storage ring progress on the new technology. we do not want to share this with the russians. that has been a freeze for the past 15 years or so. members of the russian oil industry and members of the putin government see this as a chance to restart that negotiation especially with rex , the nominee for secretary of state. that is a nominee they think they can deal with. you have an incoming administration and a secretary of state who has been the ceo of xo with huge ties to russia. he had the different wars in the middle east and brushes cyber hacking. this look like? >> sanctions are going to be the key lever by which any negotiation will start. and maybe and with. u.s. get out of this, if we remove sanctions what do
Bloomberg
Dec 7, 2016 12:00pm EST
services during the george w. bush administration. the trump team could still go in another direction. donald trump tells nbc news that he consults with president obama and values his views. from says that he has asked mr. obama about some of his appointments -- trump says that he has asked mr. obama about some of his appointments. the battle over brexit inside the u.k. supreme court went on for a third day as judges decide whether government or parliament has the power to leave britain out of the eu. the supreme court is hearing an appeal against a ruling last month in favor of parliamentary approval. by ministers plan -- prime plans to begin exit measures in march. lawmakers believe the exit is not legally binding. the court decides tomorrow. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. david g.: thanks very much. on capitol hill today, u.s. lawmakers grilled the ceos of at&t and time warner about how their proposed tieups up could help or hurt consumers. it would own much of the prog
Bloomberg
Nov 21, 2016 12:00pm EST
under george w. bush, korean-american who didn't speaking was when she got to this country. those are just at the top of my head with no notes. it's been dozens and dozens of people who represent all walks of life, both political parties, both genders, different sexual orientations, religion, it's been quite exciting. >> are you going to florida tomorrow or wednesday? when is he returning to new york and can we expect -- [inaudible] ms. conway: he is going tomorrow to have thanksgiving with his family. when shet to determine is going to return. a lot going on. his appointment will come out when he is ready and not a moment sooner. these are big decisions and they should not be read. we are weeks and weeks and weeks ahead of president carter, president reagan, even president obama hadn't appointments by ths point, nor should he be subject to -- i don't think so. no. to be determined. none are scheduled now. >> [inaudible] can you talk about his relationship to his fellow billionaires? [inaudible] >> it is not a hindrance at all. he is the guy that gave way to forgotten manthe or forgot
Bloomberg
Nov 23, 2016 12:00pm EST
. it was made formal bite president george h.w. bush in 1989. president obama: marriage equality is the law of the land. ofre are many families service members who had empty chairs -- can celebrate with our brave men and women who we welcome home. out of many, we are one. we are bound not by any one race or religion but rather by adherence to a concrete that all of us are treated equal and while accepting our differences and building a diverse society has never been easy, it has never been more important. we are people who look out for one another and get each other's backs. , definedoving forward by values and ideals that have been a light to all humanity we need to see ourselves and each other. for a betteropes future and we lose sight of that sometimes and thinks giving is a good time to remember them. we have a lot more in common than divides us. holidays are also a time when it's more important to reach out for those who need a helping hand. we are judged by how we care for the poor and vulnerable, the sick and the elderly. immigrant and refugee. everybody trying to get a secon
Bloomberg
Mar 21, 2017 10:00am EDT
do with the ban relative to laptops and the middle east. however, george ferguson told our team that is not the case. most of the declines in the u.s. base, especially jetblue and alaska airlines, they are leaving the declines. it is really a risk off day. a good day to monitor here after relative calm for a few days. vonnie: let's get more on the ban that abigail was referencing from middle eastern airlines that bars passengers from carrying large electronic vices on u.s. bound flights. our managing editor joins us now from our dubai bureau. how are the airlines responding so far? >> the airlines generally are saying if these are the rules, they of course will abide by them. they have to they don't really have a choice but to abide by them. mark: who is affected and who is going to be hit the hardest? i think it is mainly the airports that are acting as international hubs, especially the airports with the three gulf carriers -- dubai, abu dhabi, and a heart. har.o i think turkish airlines will be hard-hit as well. they will probably not welcome this as they are already seeing the im
Bloomberg
Nov 7, 2016 12:00pm EST
-- contradicting the testimony of two former aides that were convicted last week in the george washington bridge lane closing scandal. in an interview this morning with charlie rose, governor christie insisted he had no recollection of being informed of the events as they happened and he questioned the logic of those involved. >> one of the most abjectly stupid things i have ever seen. think about it. you know me. at thisty good political game. i'm up by 25 points in a blue state. i decide that i going to create a traffic jam in a town that the democrat town that i need to win? his aides were convicted of creating traffic chaos at the gym to punish a local mayor who refused to endorse chris christie's 2013 reelection bid. marissa may insists that brexit judgese obstructed by are lawmakers. saying that while others may see to limit negotiations, the government will get on with delivering the decision of the british people. these are her first public remarks since the ruling that parliament should start in on negotiations with the european union. news, 20 four hours per day, powered by 2600
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
Dec 27, 2016 12:00pm EST
george w. bush. his responsibilities will include cyber security matters. french authorities are considered a main suspect in the berlin deadly attack. they do not know how he made into france. anri was shot and killed in italy. the secretary-general of the united nations will it end his tenure term in new york times square. park will push a button to start the ball drop that signals the beginning of the year, december 31 is his last day in office. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, i am courtney donohoe. this is bloomberg. vonnie: thank you for that. a quick check on you as stocks now. you can see we are just above 10% on the dow jones. 500 is 22 69. the nasdaq is up more than half a percent. let's head over to abigail doolittle with more details. abigail: we have many movers and the tech sector. biogenic, higher off the highs. quite a nice, biogenic is up 1.6%. ionis is up more than 3%. it's a drug was approved by the fda. it is upon therefore bio jim, they have marketing rights to the drug. -- it is good n
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
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
Feb 24, 2017 12:00pm EST
a stake in the airlines. george ferguson of bloomberg intelligence told our team weeks ago that the fact that warren buffett has such a big stake in the airline suggests he may think that fuel is likely to stay at current levels, oil lower for longer, plus a progrowth play. it will be interesting to see what the annual letter perhaps. lisa: thank you so much, abigail doolittle. is a war between bulls and bears on treasury today. we are seeing a rally on the 10-year, but the next guest sees the deals hitting 2.9% by the end of the year. joining us now is subadra r ajappa of societe generale. the conviction that the market is long and they are underestimating the risks associated with inflation, as well as just general growth. >> what is driving the markets right now is uncertainty. one, election overseas in france , the netherlands, as well as germany. the second is uncertainty about the timing of the next rate hike. the third factor is uncertainty on fiscal policy front. once we get through those uncertainties, we can get back slow,ck to where a gradual rise in yields -- lisa: hold
Bloomberg
Feb 16, 2017 12:00pm EST
quickly. any years ago he did serve on the labor relations board under george bush. brought on -- as the u.s. attorney for that southern district in florida, and as assistant attorney general, he had a lot to do with civil rights matters, among other issues, he has spoken out on the rights of muslims in the united states. this was back when he was an appellate judge. a rich history, much of which does not center around labor relations, although we believe he has many published opinions we will be taking a look at. he would be the first hispanic -- would alleviate some of the criticisms a president trump not naming enough hispanics to cabinet positions. vonnie: florida native as well. margaret, thank you. we will be back with you after that press conference, which we will find extremely interesting. we will take you live to that conference when it happens. once again, former assistant attorney general alexander acosta is going to be nominated to the position of labor secretary by the president. in just a few minutes we will bring that conference when it happens. this is bloomberg. ♪ i'v
Bloomberg
Dec 12, 2016 12:00pm EST
jail for doing it and george soros paid a big fine, but it is an obvious at all. here's the situation. in the u.s. where prosecutors have vigorously pursued insider trading cases, there is no clear law defining precisely what constitutes insider trading and what does not. there's also a huge variance in penalties with a maximum two years jail time and transfers is 20 in the u.s. and south korea. the u.s. up in court upheld a california conviction that resolved what sort of benefit the insider must receive to constitute a crime. yorkpeals court in new narrow the definition of insider trading and made it hard to bring cases. here's the background. insider trading became a crime in the u.s. through judicial interpretation of 1934 law in the cleaning of markets in the 1929 stock market crash. one of the most famous cases made a household name of ivan boesky, who was thought to be part of the inspiration for the character gordon gekko in the 1987 film "wall street." and the u.k., insider trading became illegal in the 1980's. while legislation was not enacted until the 1990's in germany. th
Bloomberg
Feb 6, 2017 12:00pm EST
through. easier than under obama or even george w. bush. we might be looking back to the reagan era, when it felt like there was very little scrutiny. i mean, that's what they are hoping. vonnie: jeff, i mean, to a certain extent, with very little earnings growth in very little overall macro growth, companies doing deals without demand returns? they have to engineer earnings. exactly. interest rates are still low. we are still in this situation where investors will see a company do it deal and be supportive of it. that someone might break someone is buying something and the shares go up. 10 years ago anyone who was going to spend that money, their shares would get pummeled and they would drop on the day of the announcement, but we don't see that much anymore. vonnie: what about lbo activity? jeff: this is going to stay slow. vonnie: all right, jeff mccracken. coming up, president trump, advising global populism on the markets. we will have a device from the head of global asset allocation, next. this is bloomberg. ♪ ♪ live from bloomberg headquarters i am david gura. going with's get
Bloomberg
Jan 20, 2017 12:00pm EST
, that he would be more george w. bush then like bill clinton. he is a young man but he would have an active life but not a big figure on the national stage in the short-term. donald trump's election has change the calculus and for a leader of a party that has been shattered in many ways. they are going to look to barack obama more than chuck schumer or anyone else on the stage. the most staggering thing about this is that barack obama at least right now seems ready to accept that mantle. >> here he is, barack obama and people will be watching these remarks closely for signals about the posture he will take but i don't think he will show his full hand as to what kind of post-presidency he will have. this is an unusual event. thanksart of it will be including the folks at joint plays arews, a facility huge part of any presidents life as it is the arrival and departure point domestic and foreign. you see the obama's now as civilians at andrews. you don't need to know them to see that well they recognize what they are leaving behind them what they are headed for. and it'stand there impor
Bloomberg
Sep 28, 2017 12:00pm EDT
and the george w. bush cuts? >> of course not. the reagan era, there should nexts be a giant asterisk to the argument the tax cuts fueled the growth because paul volcker cut the interest rates in the intervening time. when george bush -- george w. bush did this, it lost a lot of revenue. we should be completely honest about it. all of the objective analysts recognize the cutting taxes for high income people and big coorations do not pay for themselves. if you want to cut them, outline how youso far, they haven't. shery: the logic right now, the argument, at least when it comes to mr. trump's land, is that they focus on business tax cuts, which is different from reagan or bush. would you not expect more economic gains from this? >> it's not just focused on business tax cuts, first. abolish the estate tax for a tiny number of very high income of states. -- the states. cut the top individual tax rate while raising the lowest income tax rate. there are a lot of high income individual cuts and some large corporate cuts. if we were talking about cutting the corporate rate in a revenue neutr
Bloomberg
Jan 20, 2017 10:00am EST
following his election. and president george w. bush for a 6% drop. clinton performing the best over the balance of his two terms followed by president obama. those first couple of months were not necessarily an indication of falling performance. politics aside, we got a lot a big earnings to report yet to talk about as well. general electric shares are lower. fourth-quarter revenue trailing analyst's estimates. procter and gamble relying more on it premium products. revenue beating estimates. american express spending a record amount on marketing after losing its cost go lucidity tcotract -- losing its cost exclusivity contract. also, was mentioning is oil which has been surging. saudi arabia saying opec another nation's on the way to promise cuts. david: we just saw kellyanne conway going to the west front of the capital where she will take in the proceedings going forward. it is an observation date in the u.s. mark barton is standing by in london with the markets there. change for the stoxx 600. on track for the first week we drop. look at the ftse 100, the white line. the blue li
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
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
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
Jan 12, 2017 12:00pm EST
what president george w. bush has by 2001 , he had passed a tax relief package with the help of dozens of senators because they knew their constituents would like it. >> those are all big issues. let's take one or two, for instance, infrastructure spending, when will we know what the timing is. >> we've gotten some joyful noises about infrastructure from democrats and republicans alike, and americans are excited about this because we don't build anything in america anymore and we all know our roads, bridges, infrastructure is in desperate need of repair and innovation. this is a guy who builds things for a lives, this is the right person to be stewarding and putting as a major priority in his first 100 days infrastructure. >> one last specific. we heard if elected president, hich he now has been, he would declare china a currency manipulator first thing. when can we expect that announcement? >> if he said it then, he means it now. we're very respectful of one president at a time. i've even heard it on your network, so we can't have it both ways, we have one president at a time yet we w
Bloomberg
Dec 29, 2016 12:00pm EST
. pushednt george w. bush for a bill in 2007 that would have tightened border security while creating a path to citizenship for undocumented immigrants who paid fines and that other conditions. but it was killed by conservatives in congress. republican candidates focused on deporting the party'snted and the presidential candidate, mitt romney, posed a legal path to citizenship. 71% of their ballots for president obama. democrats are more or less united on immigration while congressional republicans have been split. to hard-liners, border security is the only issue that needs to be addressed. they were unmoved by an amendment to the 2013 senate bill that would have hired about 20,000 more border security guards and required an additional 350 miles of fencing on the u.s.-mexico border. and they were conservative on a pout to -- on a path to legal citizenship. you can read more about immigration in all out of our way takes on the -- of our quick takes on the bloomberg. ♪ oliver: third $12,000, lamborghini's most loyal customers can spend two days on the track exploring their supercars. miller
Bloomberg
Oct 27, 2016 12:00pm EDT
working to hillary clinton if she's elected president. he spoke to george stephanopoulos earlier today on abc's "good morning america. >> i'm not saying i and -- i'm not or i am. hopefully i won't have to make that decision. mark: meanwhile secretary clinton has called mr. trump, quote, whatever happens, we need to work together afterward great she sidestepped the question of whether she would meet one-on-one with trump after the election. first lady michelle obama campaigned with ms. clinton at a winston-salem, north carolina. the clinton campaign described so first lady as its not secret weapon. her appearances have been critical to clinton's efforts to secure support from female voters. the search for an oklahoma man wanted for a series of shootings and carjackings is in its fourth day. officials say it's possible the man died after he was wounded during a shootout with police. the british economy overcame concerns about the brexit vote and grew faster than economists forecast in the third quarter. gross domestic product rose 1/2 of 1%. construction and production fell. that was mor
Bloomberg
Jan 25, 2017 12:00pm EST
. dreamliner washe behind the strength. george ferguson said overall this is a very strong, solid quarter. one thing that stood out to him was the fact that guidance was light and he was disappointed by the 9% margin for the commercial segment, but the military segment had an 11% margin which he said was really quite solid. you would think the military margin could help the defense contractors, but we look at lockheed martin and general dynamics and looking at a lot of weakness here. this is probably more of a reflection that lockheed martin offered a 2017 earnings below estimates. this is one of the best sectors since the election. #btb 5702look at g since the election. in orange we have raytheon. they are all trading higher. we see that general dynamics is outperforming in a big way, up about 14% since the election and douglas says this have to do with the company's exposure to the shipbuilding activities, something that has been supported by trump, while lockheed martin is weighed on by that view and fears along -- around cost-cutting. vonnie: thank you for that from our market wall. l
Bloomberg
Dec 28, 2016 12:00pm EST
investors are euphoric. george: i don't think we are at euphoria territory yet, joe, but there has been a large change in sentiment over the last few months. i definitely -- that definitely place into an economic cycle coupled with where you see the previous transmit the example of consumer confidence index, the spread between the percentage of the list equities versus parish is at the highest 2007.since february joe: what happens then? george: yeah, exactly. we are not headed for anything like what we saw in 2008, 2009. i would never put ahead for 40% of like that. that said, sentiment is getting properly bullish after the bull market that has climbed the wall over half a decade now. speaking of that, stocks have done just fine, thank you, even the sentiment has been low for quite a long time. we are sort of not used to it anymore because it has been so long. what does it mean? what can we take away from that more positive sentiment? toward -- way i think about it is a loss from a purely contrary in perspective. it is hard for assets to lose value when everyone thinks they are goi
Bloomberg
Nov 29, 2016 12:00pm EST
decision, she ran the labor department under george w. bush. the transition team said she met with the incoming president last week and discussed labor and transportation policies. thousands of people in eastern tennessee have been forced to evacuate as wildfires encroached on several towns, the fires threatened dollywood. officials estimate that 100 homes have been damaged or destroyed in the flames, more than 20 wildfires burning throughout the southeast. investigators in the country of columbia trying to determine why a jet carrying a brazilian soccer team crashed into a hillside with six of the 81 people surviving. team -- was flying a the plane was flying a team to a championship game in medellin. before the crash, the crew reported an electrical malfunction, one survivor said the plane ran out of fuel. this is bloomberg. david: let's get back to the bond market. ten-year treasury yields have verizon significantly since the election -- have risen since the election. joining us is the head of fixed income at raymond james. the bull market question, are you calling a finish to it? >
Bloomberg
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
Dec 30, 2016 12:00pm EST
initial autopsy of george michael has been tests areve and more needed to establish a cause of death. his death on christmas day is unexplained, as but not suspicious. the manager said he died of a parent heart failure at his home. global news 24 hours a day, powered by more 2600 journalists and analysts in over 120 countries. i am courtney collins. this is bloomberg. oliver: stocks are on track for the first three-day slide since the election. still poised well in the green in the year up about 10%. jonathan golub has been one of the biggest cheerleaders of the bull market. the s&p already surpassing his year and target. he is still optimistic for the year ahead. julie hyman and mark barton asked for his 2017 playbook. >> i was bullish last year and we surpassed my 2225 target and we have a 2500 target to the end of 17 -- 2017 cleared the way you -- 2017. the way you play within the market is different than a year ago. it has become much more procyclical, taking advantage of trump policies and the fact that the labor markets have become much tighter and are pushing interest ra
Bloomberg
Jan 10, 2017 12:00pm EST
. that is the one thing the airlines really have control over. that will be the key. george ferguson believes there is still too much capacity out there and that is likely to weigh on fares. if they do drop, this could weigh on delta. when we go into the bloomberg, this is a two-year chart of delta airlines. we see in the past it has been well extended above the 200 day moving average. more recently it is more than 20% above the 200 day moving average. investors are perhaps a little too exuberant. the uptrend out of the june bottom, if delta were to consolidate act down to the 200 day moving average, that would mean that perfectly, adjusting a decline ahead for delta. one of the big sectors the reports this week is financials. bank of america, jp morgan, and was margo will all reports on friday. the bloomberg intelligence analyst said today that she believes according to consensus earnings and revenue could be 2% above on a year-over-year basis relative to 2017. she is saying outlook is key. another key could be yields. you take a look at a six-month index, youe s&p bank see huge gai
Bloomberg
Dec 27, 2016 10:00am EST
as finance minister. he was just on-the-job one year. we are learning more about the death of george michael. his partner says he found his partner dead in bed christmas day. police are calling the death of unexplained but not suspicious. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. vonnie: thanks. we are less than one month away being sworntrump in. democrats are already preparing for a battle over taxes, warning the tax cuts directed at wealthiest will face united opposition. joining us now is our political reporter, kevin cirilli. we have gone a lot of rhetoric from the president-elect. does it appear he will go ahead with these tax cuts? he will.think perhaps what is more telling is that democrats are already mobilizing to oppose some of the president-elect's tax policy proposals. you have to remember that house speaker paul ryan has really made tax reform one of the crux issues of his speakership that he would really like to see through. i'll try and -- paul ryan has repeatedly tr
Bloomberg
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
Jan 23, 2017 12:00pm EST
president said that he thinks his administration can cut regulations by 75%. former president george h.w. bush is leaving the intensive care unit from a hospital in houston is -- and is being moved to a regular floor. he has been suffering from bacterial pneumonia. his wife, barbara, was discharged from the hospital, where she was being treated for bronchitis. in france the former education minister was the front runner in the socialist party primary. he will face the former prime minister next sunday and a runoff to determine the socialist candidate in april's presidential election. the independent candidate could be helped by a win next week. some socialist voters find him to left wing. global news, 24 hours per day, powered by 2600 journalists and in more than 120 countries. this is bloomberg. vonnie: taylor riggs, thank you. earlier,terioration but we are off the lows for the dow. being dragged lower by qualcomm and other companies with the nasdaq down one third of 1%. let's get more details now from abigail doolittle. abigail: among the declines for the major averages, the worst sec
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
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
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
Jan 25, 2017 10:00am EST
burchfield as independent ethics advisor and george soriano as chief compliance counsel to the builder promise from their january 11 press conference to divide between the trump organization and white house. meanwhile at the white house, president trump later today is expected to unveil key executive action to fulfill a campaign promise on immigration policy. look for him to lay out a plan for how he will secure the u.s.-mexico border. however, he could run into potential problems with members of congress, anticipating that budget committee members of how much funds will be allocated for the action. that remains to be seen. vonnie: kevin cirilli reporting from the white house, thank you. as we saw, resident trump tweeted last night that they would be a big day on national security. among many other things, we will build the wall. for more on trump's plans, let's handed over to david gura. david: thank you. we are joined by michael mccaul, representing the 10th district in congress. great to have you. we see the emphasis with the exclamation mark on building the wall from the pr
Bloomberg
Mar 1, 2017 10:00am EST
water management by april 15, and david mccormick, former treasury undersecretary under george w. bush, is being elevated to co-ceo with eileen murray, formerly of morgan stanley, also who has a deep background in technology. these are big changes at bridgewater, the world's largest hedge fund manager. mark: what is the significance of the mccormick co-ceo with murray? do we know much? erik: do we know much about them? well, we know that eileen murray has been effectively running a good part of the firm already. her skill appears to be in administration management and oversight of the technology operation. david mccormick, by virtue of his experience in the public sector and government, mark, is a little bit more of an external-facing prison. bridgewater needs -- external-facing person. bridgewater needs both of those kind of people in managing roles gregse ray dalio and jensen, another former co-ceo, are running day-to-day investments. one more thing i would .2, mark, out of this memo from ray dalio, is that he is putting the world on notice that he will be carried out of the bridgewa
Bloomberg
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
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
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
Jan 17, 2017 12:00pm EST
predecessors. former presidents bill clinton and george h.w. bush had a transition approval ratings above 80%. russia has invited president-elect donald trump to syria peace talks next week. the meetings in kazakhstan would be moscow's first formal contacts with the new administration. fight against the terrorism will be more effective with the u.s. under trump. and the foreign minister once that a new vote on breaking up the u.k. is likely after prime minister theresa may's brexit speech. scotland's nicholas church in the uk's heading for an exit from the european union that could be economically catastrophic. the hunt for the missing malaysia airlines flight 370 is over with plenty of questions and few answers. crews from malaysia, china, and australia ended the deepwater search in the remote area of the indian ocean. the boeing 777 disappeared on a flight from kuala lumpur to beijing in march 2014. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. david. david: thanks very much. the u.s. dollar f
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
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