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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
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
Sep 26, 2017 10:00am EDT
income tax reform, the rate came down to 28%. it is now 40%. it was pushed up a little by george h.w. bush, then pushed up a littleclinton, and bit more by obama. i think there is a case for rolling back some tax increases. michael: gator talk from congressional republicans that tax cuts pay for themselves. that is not true? mr. feldstein: they don't pay 100% for themselves. they pay back part of it through higher growth through people choosing marginal tax rates coming down. they choose to get more of their income in taxable formed rather than in fringe benefits and perks. that reduces the revenue loss from cutting the tax rate, but it does not eliminate it. that is why we cannot bring down the corporate tax rate as much as some of the current discussion suggests. michael: you went through the original tax debate in the reagan administration. that took a couple of years before it was resolved. this administration is talking about introducing the outlines this week and having something done by the end of the year. you think that is realistic? mr. feldstein: the ways and means committ
Bloomberg
Nov 10, 2016 10:00am EST
one man in 1932, george gallup, he conducted a ball for his mother-in-law running to be secretary of state in iowa. it was accurate and she won but he's still got some predictions wrong. remember this headlines, one of the biggest headline election blunders was a result of incorrect polling, including gallup. morewere refined to become accurate and they grew exponentially as they did. today in u.s. there is gallup, rasmussen, 20 tx, reuters, even bloomberg and ask them. -- conduct them. it is getting harder to trust their accuracy because of the cell phone which is one reason. all calls to cell phones must be made manually which is not only time-consuming but expensive. also, since anyone receiving a call on her cell phone can see who is calling, they tend to not answer the pollsters call. --2012 the low response rates means it is becoming harder to get accurate responses and analyst are more likely to trust aggregations of polls like those created by 538, real core -- real clear politicsas they do not just focus on one poll. here is a lot of work to be done to find out why they keep
Bloomberg
Aug 24, 2017 12:00pm EDT
george has been calling for higher interest rates for years to head off inflation, but there is not enough inflation, at least not the target of 2%. michael mckee is an jackson hole for the kansas city fed's annual economic symposium. esther george if this was premature. i think about inflation, i think about our mandate, which is price stability. relative to an economy that is growing at 2% and adding jobs, i think we are in a good place and we still have very accommodative monetary policy. that tells me we should begin have indicated, gradually begin to remove accommodation, as long as reports indicate we are moving in the right direction, which i think we are. indicate another rate increase this year. >> that was my last forecast. each time we put that together is a new opportunity to look at the data. we will be looking at the data and seeing whether that still makes sense. based on what i have seen today, i think there is still an opportunity to do that. of the year,end not necessarily by september. consider a breakdown a commitment. i think it is a general sense of where rates
Bloomberg
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
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
Aug 24, 2017 2:00pm EDT
gathering for the tracks and whole summits -- jackson hole summit. asked george if more rate hikes would be premature with inflation below the fed's target. >> i think about our mandate, which is price stability. relative to an economy growing at 2% and adding jobs, i think we are in a pretty good place. we still have accommodative monetary policies. that tells me we should begin to gradually be removing that accommodation. as long as the outlook supports that we are moving in the right direction. i think we are. michael: that suggests you are in favor of another rate move? esther: it shall we put that together is a new opportunity to look at the data. i will look at it in the next excess we get ready for the september meeting and see if it still makes sense. i think there is still opportunity to do that. end of the year, not necessarily in september? er: no, i think it is a general sense of where we should go. michael: to what extent is inflation a lagging indicator? it develops curve broken -- is the phillips curve broken? what happened to inflation? many people are setting that issue.
Bloomberg
Nov 14, 2017 12:00pm EST
to investigate dealings of bill and hillary clinton. he now says he recalls a meeting with george papadopoulos. >> jeff sessions with a fiery hearing with the house judiciary committee when several on both sides of the aisle are putting him in the middle of what has been an ongoing investigation into russia. democrats criticizing him and trying to decipher what he knew and when he knew it. as the robert mueller pose -- probe operates in the background. republicans also try to understand why the attorney general and the justice department have not gone after hillary clinton. dealings with russia with the uranium one deal and other issues the republicans have raised. and whether there will be a special prosecutor in investigating hillary clinton remains to be seen but have acans think they republican -- a opening and try to seize in it when republicans have raised concerns about the russian involvement with the election. julie: it seems like jeff sessions is caught between a rock and a hard place with democrats and republicans. his office has said it is now investigating the iron --
Bloomberg
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
Nov 14, 2017 10:00am EST
meetings during the campaign attended by george papadopoulos and carter page, among others. frankly, i had no recollection of this meeting until i saw these news reports. i do now recall that the march 2016 meeting at the trump hotel that mr. double-double is attended. but i have no clear regulation -- recollection of the details of what he said at that meeting. after reading his account and, to the best of my recollection, i wanted to make it to him that he was not authorized to represent the campaign with the russian government or any other foreign government, for that matter. but i did not recall this event, which occurred 18 months before my testimony of a few weeks ago. i would gladly have reported it, had i remembered it, because i push back against his suggestion that i thought may have been improper. as for mr. page, while i do not challenge is recollection, i have no memory of his presence at a dinner at the capitol hill club or any passing conversation he may have had with me as he left the dinner. campaigns,e been in let me just adjust. must've you have not participated in a pre
Bloomberg
Jul 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
Mar 16, 2017 10:00am EDT
hawkish is that what we are suggesting here? know.don't it is too early. mark: george stays with us. we will talk about the latest decision from the bank of japan and what we can expect for the rest of the major central banks. this is bloomberg. ♪ i think it would be different for the simple reason suffering mores and everywhere else is looking more optimistic, particularly in europe. thoseill be positive for countries. -- the fed maybe raising a couple of times this year. there are deviations, but it is partly because we're going to a shock which is specific to the u.k.. of aheade we got ahead of ourselves? bloombergmeeting went releases story, the ecb could end. rates before the are we getting ahead of ourselves? do you still think tapering will be preannounced this year? >> i think it will. it might not be until after the election season is over. the second half of 2018, it will take some time. i think we should remember that tapering is not tightening. it is still loosening. we have said we will see a recession within five years and there is no doubt about that. taking the fed
Bloomberg
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
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
Jan 24, 2017 10:00am EST
judge is the leading candidate. he was appointed by president george w. bush in 2006. israel says it has approved 2500 west bank settlement homes. their defense minister says the majority of the housing units will be built and settlement blocs. those areas are where most settlers live in which israel wants to keep under troll -- under their control. it is a record morning for la la land. they led the way with 14 nominations for the oscars, matching the titanic. for best earned nods picture and best actor and actress. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am alisa parenti. this is bloomberg. mark: thanks. let's look at what is happening with european markets. the big news here in london, theresa may has to have the backing of parliament before she triggers article 50. her plan is still to do that by the end of march. those who are against the process may have something to say. she puts forward today. stocks are rising. in the wake of the supreme court ruling. suggesting it was priced in. a quick peek at the currenc
Bloomberg
Apr 6, 2017 2:00pm EDT
too young to remember, during the george bush , ther administration chinese situation was ballooning. there would be a shopping trip aircrafts., buy 200 from boeing, then whatever else. so i think the chinese, they will come with a similar gesture. they will invest in america, u.s. infrastructure. i think we should assume at this point there will be a lot of good on both sides to make this work. scarlet: pragmatism on both sides. koreannt out a north provocation during the xi jinping-trump meeting could provide an opportunity for investors. in the past, north korea has done something like saber rattle, the markets don't really react. what would north korea have to do for the fx to react in a meaningful way? david: if they did something if theyuld not be -- were to fire something like on the 15th of april we have the birthday of the supreme -- basically a father of north korea. people think, the north koreans have threatened to fire one of their iv cm -- ibcm's, so korea could have the potential to hit the u.s. i think that is when the dire.ion becomes scarlet: you said don
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 4, 2016 12:00pm EDT
political retaliation. they were accused of intentionally creating the chaos at the george washington bridge over several days in september 2013. this was meant to public -- meant to punish the democratic mayor. a claim contradicted by multiple witnesses. french police are evacuated thousands of migrants from an illegal camp. reporting police and city officials are removing about 3000 migrants from sudan, if he'll be a, and other countries. taken to temporary shelters where they will be able to apply for asylum. world news paris. by 2600wered journalists and analysts in over 120 countries. this is bloomberg. mark: thank you very much. most.tocks falling the the 10 year bond is set for the biggest rally since september. longer data yields leading the rally. the chart you are looking at is the global aggregate index, which has risen in recent days since the election. has manager at msg, which re-hundred $10 billion under management. us.ber is behind many bond investors may say that is a relief. reaction depending on the scenario stood next week's collection? -- next week's election. >>
Bloomberg
Feb 22, 2017 12:00pm EST
for the world? good if we had more stability. elected. president when which was the case for george w. bush and president obama and donald trump, is willing to have a dialogue with russia, we have a lot of investments in russia. i think it is more important for the world -- >> have you changed at all your investment strategy with the u.s. trump, onou look at climate change, how has he altered that? >> the policy is good for the u.s. business. i'm willing to come here. initially, we can liquefied natural gas. number two and number three, a company and energy business. and we announce projects, we create jobs there. agreement, policy would be maintained and it is very important. chief: that was the executive officer and an exclusive interview. this is bloomberg. ♪ vonnie: this is "bloomberg markets." fed minutes out in about an hour and a half. also in investors minds, what will be done with treasuries? we're joined now. trillion. but let's just take us to a half trillion dollars. massiveed represents a buying base, though they have been done with quantitative easing for a long time,
Bloomberg
Oct 12, 2016 12:00pm EDT
like george soros and the koch brothers, of course on opposite sides. they are using cutting edge data to salty snacks to influence voters. money and politics reporter zach writer covering the story and joins us now. why is nevada considered so important? >> nevada is one of a handful of swing states that is important for the presidential and senate race. nevada seems to have attracted this proportionate amount of outside spending from the coat others and george soros who are not the candidate or campaign, but want to spend money independently to influence the outcome of the voters. part of that is because of nevada there is a grudge match between the koch brothers who have long feuded with senator harry reid and is now retiring and trying to get a replacement in the senate. they are trying very hard to get a republican elected. oliver: soros and the koch brothers, there is no big surprise there but there are different things happening this time around. what stood out to you about how this race is very different? >> they are trying to play the ground game a lot more. they have inc
Bloomberg
Dec 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
Feb 7, 2017 12:00pm EST
morning. still ahead, we will speak to economist george from oxford. fx reserves falls to the lowest since early 2011 below the $3 trillion mark. news, the s&p 500 unchanged, the dow is up about 15 basis went after touching intraday high. we will see with 30 minutes left. this is bloomberg. ♪ to first wordt news. jeff sessions has cleared another hurdle. moveenate vote is 52-47 to ahead on the nomination. he is expected to move ahead. hiscrats question commitment to civil rights, opposition to immigration laws, -- president trump estimation's chief foreign officer. says the affordable care act is still rising and repellents are committed to rescuing people from it. lawmakers are taking action step-by-step and plan to finish their work on a new bill by the end of the year. implement a replacement for obamacare could take into 2018. in london, parliament votes down plea.al, there will be no spoke in the house of commons. of a greaterink signal of weakness than this house to send the government that to the european union and say we want to negotiate further.
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
Nov 22, 2016 12:00pm EST
wrong. pointedon the show and out how people were very excited about george w. bush at first and that did not turn out well and they were negative on obama and the last eight years were awesome. they might just have it all wrong. point. is such a good anyone who thinks they know what donald trump will do, you're crazy. people underestimated him so badly in the primaries and the presidency. all of those celebrating, they might not be laughing if , whichteagall comes in is already a possibility. byis anyone offended still the george soros advertisement? >> the thing that came up more than hurt feelings, for example, he said, i'm worried about women in america, immigrants, muslims. those people have been hurt by the thinks donald trump has said, but my family will be fine. >> that says it all. a fantastic read on the bloomberg, available at bloomberg.com. joe weisenthal will be back in about 30 minutes for u.s. stocks are trading at a record high. we will monitor that events. at 2201.00 ♪ hii'm here to tell homeowners that are sixty-two and older about a great way to live a better
Bloomberg
Nov 10, 2016 12:00pm EST
took over from george w. bush. so he plans to continue that as well. goes, as the cabinet donald trump doesn't go the republican party anything. vonnie: could put anyone anywhere. steve: he really could. and he knows a lot of people who cross the partisan divide. and so i think that will be something we are watching closely. time, he at the same will want to put people in who will do hisddin bi of sorts. and so where he feels like he appointmost latitude to people that he trusts but also, people that won't cause headaches for him, that is the narrow lane in which i think he will operate. the timetable for this, generally? we don't know that much about his policies or plans. we want to get names sooner rather than later. looking at history, how quickly does the president name members of the council? steve: i think we will begin to hear names next week. then, through the holidays does pose some convocations and problems. i think we will hear about some of them before thanksgiving but we will be done hearing about of december.nd and that leaves january, really, for everyone to get s
Bloomberg
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
Mar 1, 2017 12:00pm EST
confirmations since george washington was in office. even -- he can't even have a staff meeting yet. >> i'm not so sure he subscribes to that. sen. perdue: you have to take care of job one, getting america healthy again. the rest of the world needs america to be healthy again. we have to get the economy going. you been talking about how the markets are responding so far. america needs to tell our allies what they can depend on. we've been retrenched for a period of time and we need to develop that conversation with him again. when you talk about the leader of the free world, that used to mean something. it doesn't feel like it means the same thing anymore. sen. perdue: after the last eight years, it doesn't. as a member of the foreign relations committee, i've traveled the world, i'm a member of the armed services committee -- leaders want america to lead again. want ourn't mean they armed services there with 100,000 troops. they want leadership to solve hotspot problems around the world. done order to get things mothers a critical path. -- get things done, there is a critical path. what ca
Bloomberg
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
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
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 13, 2017 12:00pm EST
well, according to george ferguson. we also have the consumer discretionary index at a record high. we have a real mixed bag of stocks that are also at record highs. priceline in red we will start off their. it does not look like it will be at a record high, but it was moments ago. a bloomberg intelligence analyst told our team that what is happening is the booking.com portal is doing quite well. that is one reason that stock is near record high and slipping right to the green. goodyear trading higher despite challenges in the year ahead. hasbro, who knew? it's one of the top stocks in the consumer discretionary space and they put up a great fourth quarter with the stocks trading well after that disney affiliation. another stock trading at a record high's southwest airlines hitting yet another record high. also trading high is delta airlines and american airlines. sectortingly, the did take a hit with the announcement of the trump travel ban. it has recovered quite nicely from this. george ferguson says the reasons that less is doing so well is that they are showing strong constraint a
Bloomberg
Nov 30, 2016 12:00pm EST
trade in verse. george ferguson says that move tends to translate right into jet fuel. he expects this to translate to jet fuel. here are the individual airlines that are trading lower, including united airlines, american airlines, southwestern airlines, and of course jet, all trading lower. they are off of the lows. we go to the bloomberg and take a look at btv 5193, the chart may give us reason to believe the airline could come under continued pressure. this is a 16 year chart, and in blue, we have oil and and white, we have the airline index. we street -- we see a strong relationship, definitely chu in 2008. the airline index absolutely traded lower. in 2015 at 2016, as crude oil crashed lower, the airline index now, someher but expecting the oil could trade higher gold, trading to about 55 per barrel but this could put the airline under pressure. david: this morning, the details of the deal started to immerse. spoke totin alix steel the global head of the commodity research at goldman sachs and asked them to weigh in on the deal. >> our view was that we expected a deal and a k
Bloomberg
Feb 21, 2017 12:00pm EST
slaughter. he served on the council of economic advisers under georgent george don't -- w. bush. he joins us from the campus in new hampshire. good to have you here. when you were in the white house, you dealt with this data all the time. thejob is to make sure president is getting accurate information to make informed decisions about the economy. what do you make of these reports of tinkering with the methodology? >> the trade statistics is one of the most important data the government collects. the reports that are out for how the export numbers would be altered, i know of no problem that that would solve. i know of many problems that would introduce of how we -- understand and see how we -- how are our -- how our economy is doing -- david: my understanding is the specific change they are talking about is we would not report as an export a product that came into the country or a re-exports, but that would be a important. dean slaughter: the reality of how so many american companies compete and succeed is they have these elaborate global supply chains. value is added by american wo
Bloomberg
Oct 20, 2016 12:00pm EDT
trying to undermine the process before and neither was then-texas governor george w. bush. they say this is phenomenally different and trump has gone beyond the pale once again. matt: i mean, i'm assuming it were a close race in trump's favor hillary clinton would want to reserve the right to contest it legally as well. ben: i possibly. there have been times in the history of the nation went evil thought the race was close -- people thought the race was close. thought hehard nixon could gotten something from legal terms and he decided to go with a handover of power. hillary clinton has not spoken about her plan. the numbers are in her favor so she is not under pressure to talk about that. scarlet: chris wallace didn't pose that question to her, either. ben brody joining us from washington. matt: on politics, david gura spoke to tom steyer, clinton supporter and cofounder of the nonprofit next-generation. question on to a whether philanthropic and political contributions can overlap. tom: everything we do, everything i do in politics, is 100% values-driven. we are trying to push what we t
Bloomberg
Feb 27, 2017 12:00pm EST
minorities and the poor and order changes ahead of the november election. former president george w. bush says we all need answers on the extent of contact between president trump's team and the russian government, and is defending the media's role in keeping the president in check. the "today"iew with show, he was skepticism about the president's approach to immigration. in asia, china's top economic planner his to whether speculation is distorted prices. china clamps down on commodities trading last year. futures kept rising. pwc hasunting firm apologized for that big oops moment at the oscars. warren beatty and faye dunaway announced best picture was "la la land," only it wasn't. they had been given the wrong envelope. the real winner was "moonlight." pwc is in charge of oscar envelopes and says it is investigating. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. i am emma chandra. this is bloomberg. scarlet: thank you very much, emma. we go to mexico, where michael mckee caught up with the economy minister to talk about trade and tr
Bloomberg
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 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
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
Feb 28, 2017 12:00pm EST
which he brought to capitol hill because they had to address the economic crisis. in 2001, george w. bush did not have the same kind of legislative package ready to go, but he talked in general terms about what he wanted to do. go back to 1993, bill clinton did have an economic package ready to go because he had an economic recession we were coming out of. scarlet: michael mckee, thank you very much. a reminder that you can watch president trump's speech tonight in full on bloomberg television. our coverage begins at 9:00 new york time. oliver: let's check on the first word news with mark crumpton in the newsroom. mark: house speaker paul ryan says it does not concern him president trump does not offer to fill hisd plans campaign promises because "i see him as more of a chairman." ryan made the remark during the nbc today show this morning. the speaker said we need more answers when it comes to russia. mr. ryan: we think we need to do an investigation here with our intelligence communities. there's one thing that is unique -- this gets into the methods and sources that is very sensi
Bloomberg
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 14, 2016 12:00pm EST
lot like what we saw during the george w. bush administration in terms of antitrust enforcement. but i would say, in response to that call from the client, is that it depends a lot on your industry. is your deal global? do we need to worry about space? it depends on a lot of factors before you decide on a given deal. >> let's look back little bit. i remember in 2009 when obama became president there was a lot of noise about greater antitrust authorities and a lot more scrutiny. christine varney made a lot of noise about it that it didn't seem like we saw as much until, say, 2013. why did it take so long for that administration to be more strict? >> i think that was the perception. what changed then was that bill there was appointed to be the head. >> he was more aggressive. >> one of the main differences that i see is these big rock cases. know theour viewers way antitrust works often is by settling cases. but when the government doesn't like where things are going, they have to decide, are we going to settle this case or go to trial? the bushhat early in administration, they had broug
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