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Bloomberg
Jun 23, 2017 12:30pm EDT
to bring in former senate majority leader george mitchell, not a partner at the law firm dla. and famous for brokering peace deals in northern ireland and also doing a lot of great work in the middle east. welcome. a lot of chatter about how the senate has changed. the supreme court nominees and up and down vote potentially for the health care challenge. has a dozen a change significant since your time as majority leader in the late 1980's and early 1990's? >> yes, it has. less cooperation, less bipartisanship and more polarization. and i think the process used to write this health care bill is an example of how much it has changed to think a bill of this magnitude will be written completely behind closed doors, no chance even for senators to participate, no public comment, no time for debate, spread on people and voted on at the last minute. you can see why want to see the bill. vonnie: you were senate majority leader for a long time, what might prompt legislation this way? george mitchell: i think senator mcconnell realizes that he has got a disastrous program on his hands. this
Bloomberg
Jun 28, 2017 12:00pm EDT
rico versus its creditors , former new york governor george for jackie, and advisor -- george for tacky, and advisor, will be joining us. day,ay into the trading partially in the green. julie hyman is with us. more in the green than we were the nasdaq was unchanged at that point and it seems to have bounced off of its 50 day moving average, moving higher along with the other major averages. what is leading is not technology, not in the s&p 500. it is the financials, up more than 1%. a broad-based rally with no sign of red on this wheel. materials, industrial, consuming .ery -- consumer industrial as for the financials, a couple of things driving the gains. today, the bank, the second part of the bank stress test coming from the government after the close. more importantly, details of their plans to return capital to shareholders. they have to undergo the stress tests first. and other types of financials rising. america rise, prudential, raymond james all gaining, part of that because of the movement in the 10 year treasury. yesterday, a big increase in yields. itay, that has conti
Bloomberg
Jun 5, 2017 12:00pm EDT
, george michel. we should remind viewers that boston market is a closely held company, so no franchisees yet. that might be in the future but certainly not yet. george: we have 50 restaurants operated by the army and air force exchange. we just opened last week our first franchise restaurant in kuwait. vonnie: yes, let's talk about this. one of the things scheduled for the five years to 2019 was a great expansion by boston market in the middle east of all places. you are domestic and really almost nowhere else except the middle east. where are you? george: we opened our first restaurant and the next one will open next week in kuwait. once we establish the brand in kuwait, we will move into other countries in the gulf region, saudi arabia and potential egypt. vonnie: why the middle east? george: chicken is king. otisserie chicken does well in the middle east and it's a great product to have against fried chicken. theie: you must be watching current administrations dealing in the middle east closely. is there anything that could impact your expansion plans for the middle east?
Bloomberg
Jan 5, 2018 12:00pm EST
obama and george w. bush. have agreed to talk about reducing tensions in the run-up to the winter olympics in south korea next month. regime accepted a proposal to hold discussions on tuesday, they will discuss overall discussions and north korea's offer to send a delegation to the winter olympics, the first formal talks since 2015. the united nations security council will hold an emergency meeting this afternoon about iran, nikki haley passphrase the demonstrators, saying "the united nations must speak out on their behalf." russia has warned against external interference and what it sees as iran's internal affairs. 21 people have died and hundreds arrested in a week of antigovernment protests and unrest. global news 24 hours a day, powered by more than 2700 overalists and analysts in 120 countries. i am mark crumpton. this is bloomberg. noon in new york at 5:00 p.m. in london and 1:00 a.m. in hong kong. i am shery ahn. vonnie: i am vonnie quinn. welcome to bloomberg markets. ♪ shery: from bloomberg world headquarters in new york, here are the top stories. it is payroll friday,
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 30, 2017 2:00pm EDT
the key things is george papadopoulos bullis cooperation with the indictment. these are not necessarily finite. could find out new information and have further of them or others. it will be interesting to see whether or not there are more charges brought forward to these individuals are new ones. that's the process. sanders sayingy he expects miller's probe to continue very soon. is wishful thinking given how much it seems to be expanding. >> definitely. she did not provide any information about why she going tothe probe is be wrapping up soon. the white house has sort of herod this line for summer months saying this is just a witchhunt that is going to be completed very quickly because there are no reasons for president trump to be prosecuted or involved or targeted at all by this investigation. it does appear the special counsel is looking at different ways to advance the investigation. he is continuing to have interviews and talk to people. he has called on the white house to preserve all emails and all information that may shed more light on what happened during the 2016
Bloomberg
Oct 30, 2017 10:00am EDT
bloomberg. vonnie: thank you. coming up, the rise of past investment. george walker talks to us exclusively about how the firm is competing the giants such as jpmorgan and goldman sachs to attract pension funds and insurers. that is next. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. it is time for futures in focus. president says president says n enough for the new fed chair is coming this week. the dollar taking a break. we are close to highs of recent months. will it stay there if we get another announcement -- if we get in announcement --if we get an announcement? >> we found our lows and 91 and we will work higher. i think we have an outstanding chance to go back to a dollar. you will see some selloffs in now, i wouldright be lucky to buy at 94. lucky for a break and 95. the question is, how fast do we go higher? vonnie: we have oil trading above $54 a barrel. how much of this has to do with the movement in the dollar, and how much of it is truly fundamental with opec? >> actually, i think it is artificial in my opinion. it doesn't have anything to do wi
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 19, 2017 12:00pm EST
forum. an extensive interview with billionaire george soros. this is bloomberg. david: this is bloomberg markets. let's check out bloomberg first word news this afternoon. >> it is the story we have been talking about all morning. steven mnuchin in his bid to become the next u.s. treasury secretary. they told senators at his confirmation hearing that he will be -- mr. mnuchin: i am committed to be very responsible in my position there and make sure i properly provide support from the treasury department. i would take my responsibility very seriously. will enforce sanctions against ironic and a night he had offshore entities to avoid is. said that having donald trump won't be such a great deal after all according to officials in moscow. their skepticism that any -- the backlash over russian hacking has forced the cabinet picks to take tougher lines on russia and -- than the kremlin anticipated. global news powered by more than 2600 journalists and analysts in 120 countries. this is bloomberg. david: we will go back to the office building. the minority leader starting a second ro
Bloomberg
Jun 28, 2017 2:00pm EDT
in new york for the week. coming up, we turn to the debate over health care talking to george allen. and tune in on july 4, in pm eastern because we will be talking about julia: 3:00 p.m. and 8:00 p.m. in london. scarlet: welcome to "bloomberg markets." ♪ julia: we live in bloomberg headquarters in new york over the next hour.here are the top stories we are covering on the bloomberg around the world. care hinges health on republican unity. mitch mcconnell is squirming to make changes to the health care bill before the senate's july for recess. -- july 4 recess. adding together in a new campaign to repeal and replace obamacare. of theing, the results second and most difficult part .comingfed after today it will determine the course of action for banks to issue dividends and buybacks. let's get a check on markets with julie hyman. julie: hovering near the highs of the session, all three major averages. the nasdaq is bouncing back the strongest today, but we see broad-based strength not just the technology but in the financial industry as well. really, there are only a couple of grou
Bloomberg
Aug 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
Apr 18, 2017 12:00pm EDT
city fed president esther george tells us why she thinks the economy is moving forward and what that means for future rate increases. this is bloomberg. ♪ vonnie: this is bloomberg markets. kansas city fed president esther george says they haven't made a decision on when to shrink the balance sheet area speaking exclusively to michael mckee, she gave her outlook on the forward strategy and where she thinks the economy stands. esther: the economy has that's and starts. we've seen this over the last five years. the first quarter looks to be relatively soft. keeping our eye on whatsapp anemic, i think as much as possible, not over interpreting what it means relative to the longer term. for the year as a whole, i still see consumer spending in a way that should carry the economy forward. intoel: the fed is divided a camp that says we can do one more and a camp that says we could do two more and a small cap that we could do three more. where are you pitching your tent? requires you can't and down the number today. it,eans toward the long run you know where you are headed and you continu
Bloomberg
Jun 9, 2017 12:30pm EDT
particularly in recent years? george sard: the biggest change is the compression of the news cycle we live with. it used to be that we would've mel at a press release of a deal we were melted and it wouldn't show up tomorrow morning. not everything in a 24-hour news out a-- we would mail press release of a deal and it would show up tomorrow morning. -- now everything is in the 24 hour news cycle. paul verbinnen: 25 years ago, we did not have internet or the cell phones. that technology that the challenged big media is also made it possible for people to go directly to their constituency. are in the news every day with the trump administration. how often do you feel like you know where the source of a leak comes from? are you able to share that information with clients? >> the place i would start to say is leaks are prevalent. we have done analysis to show the percentage of major deal leaks is up significantly in the last five years. oftentimes, it is hard to figure out where a leak came from. you never really know for sure. you can make good gases in terms of whether there was a motiv
Bloomberg
Jul 19, 2017 10:00am EDT
kkr yesterday. -- firm appointed two copresidents. the likely successors to henry and george. what would you tell me about them and how it's going to change the way the firm does business? >> i would say it's not going to change the way the firm does business at all. henry and george are still completely committed to the business and the firm. it does freedom of for working this leaders is like myself and keeping the culture of the firm. i think that's quite positive in terms of how henry and george continued to spend their time and overseeing all of the investment activity at a leadership level. with respect to the day-to-day operations i think this is awesome for the firm because it gives both joe and scott an opportunity to get the rhythm of the global footprint in the firm in the rhythm of running a very large and dynamic organization. i am reporting directly to scott and joe and i think that's a reaffirmation of the franchise. erik: thank you for spending time with me. that's ralph rosenberg, global head of real estate at kkr. vonnie: thank you for bringing us that interview.
Bloomberg
Sep 4, 2017 12:00pm EDT
faces left and right. george: any work with goldie hawn was one of the most sought after jobs on nbc. [laughter] goldie: oh, george. for a minute, i thought you guys had changed. what am i supposed to do? dan: tell them i'm going to do the feature news. goldie: but you just told them, dickie dingdong. i mean dan. that was an honest mistake. i'm getting upset. i have a cold. my head's kind of funny. >> we didn't know it was a cold. [laughter] goldie: go on. [laughter] lily: you dirty rat. [laughter] lily: it was just like a monster. lily: just a minute, sir. just a minute. you are not dealing with just anyone. i am a high school graduate. i want you to send out a service check on all the circuits out at 1600 pennsylvania avenue. well, because, honey, it's almost impossible to get through to that man. g. vidal, not gore vidal, gore vidal, author of that trashy pornographic book soon to be a major motion picture by 20th century fox. well, i'll bet your mother is proud of you. announcer: "laugh in" was the a-list comedy clubhouse where everyone came to play. >> you did a program that hor
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 7, 2017 12:00pm EST
former advisor to the -- to george w. bush. results could get an early indication of how that's november's midterm elections could play out. production in north america will grow faster than expected in the next four years. producee industry will 7.5 million barrels a year by 2021, 56% higher than opec forecast. cuts triggered an oil price rally that helped american producers. the first country to give women to vote now wants to close the gender pay gap. new prime minister says her government plans to achieve pay equity for women in public service within four years. swept to government power last month. global news 24 hours a day, powered by more than 2,700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. shery: coming up, investors are bracing for a third quarter results. shares of the company are trading below its ipo price and could be a sign of more to come. this is bloomberg. ♪ markets." "bloomberg weight watchers is our stock of the hour. we have more. the stock has really turned around since oprah winfrey took a 10% stake two years
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
Dec 18, 2017 12:00pm EST
format yes can president george a bowman hundred. joining us now is paul sweeney. this is a surprising, isn't it? paul: he really is. espn is the biggest profit generator for walt disney company. about 30% of operating profits so anytime you have a management turnover at your biggest operating business, it is unsettling are obviously everybody involved, but also investors. it's days after the company announced a large acquisition of a lot of the assets of toy for century fox where disney is in effect doubling down on the sports business. to lose your senior sports executive is unnerving. vonnie: it's better that it happens now and get everything out of the way. we wish skipper well in his recovery and so forth, but there's a lot of changes to come with 22 regional sports networks to suddenly evil. you've all. paul: yes kim is larger than one -- espnnd a very deep is larger than one person in a very deep bench. george is coming back on an interim basis as the president. it looks that there is some stability and continuity, but bob iger and the disney management team is going to want to
Bloomberg
Feb 20, 2017 7:00am EST
papaconstantinou. here is what papaconstantinou had to say about the current situation in greece. george: it is sustainable over the next five years because exemptions are very low, very small. interest rates are very low on the central loan. beyond that, even if you do not buy the full analysis, because i do not think everybody knows where you will be in 2016, even then, it is clear that greece needs additional debt. that is something the germans are not willing to accept in principle. the eurogroup has said they will do more on greek debt relief. with german elections coming up, the germans are not willing to actions toinal identify what measures short of a haircut -- everybody understands it will not be a normal haircut -- so taking the rate at today's low levels, and a bigger grace period. >> but the germans want to see more. they want to see more austerity. really putsipras more austerity in the greek system without it being -- i minister of the irish says it will be the straw that breaks the camel's back. germans and the eurogroup are talking about a prime minister target over the
Bloomberg
Apr 11, 2017 2:00pm EDT
the policy overall is george ferguson. everybody has been talking about this. let's talk about the general policy overall. this is something that goes on all the time, the concept of overselling. that?stainable is airlines have been pushing up load factors to make their operations more efficient. they fill the airplane with more people. as you get closer and closer to , you they are near 85 now run the risk of having to bump passengers. if your policies don't keep up with the challenges of bumping passengers, you get into situations like this. it might have been better to offer money and clear people off the flight that way. abigail: what does this do to business travelers? there's a lot of business travelers in terms of airline revenue. does it change that segments perception of using the full carriers? george: i think business travelers have to think about it. situationend up in a where you get involuntarily bumped from an airline and you don't make a business meeting. , american and delta are the three big full-service carriers. that is where they make their money come on the bu
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
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 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
Aug 24, 2017 10:00am EDT
are diverging. yesterday, michael mckee spoke with a host of the symposium, esther george. she continues to favor another rate hike in this year if economic data holds up. >> i will be looking at the data in the next few weeks as we get ready for the september meeting and see whether that makes sense. based on what i have seen today, i think there is the opportunity to do that. michael: by the end of the year? >> i don't pick a meeting and i don't consider that rate path and those projections and commitment. i think it is a general sense of where rates should go. vonnie: the main event comes tomorrow when both fed chair janet yellen and ecb president mario draghi are due to speak. here is portfolio manager at janice henderson. he is a newport beach. nick, both may try to assiduously avoid talking monetary policy but they will not be able to completely avoid it. something the markets will interpret somehow? nick: that is exactly right. for the next year we are likely to face some sort of unintentional coordinated wind up of central bank balance sheets. the fed unwinding and the
Bloomberg
Oct 30, 2017 12:00pm EDT
. george popadopolus admitted making false statements to the f.b.i. and suggested donald trump meet with leaders during the campaign. and the government is cracking down on leaders of the catalonia independent movement. regional officials will be prosecuted on charges of rebellion. the attorney general has stopped short of ordering their immediate arrest. global news 24 hours a day powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg markets. mark: coming up on the close, we'll take a closer look at paul man forth's background and how he made millions of dollars promoting kremlin's friendly interest in the ukraine. that's next. this is bloomberg. vonnie: i'm vonnie quinn. mark: counting out to the european close in 14 minutes time. let's go over the indictments against foreign trump campaign advisor paul manafort. in a 12-count indictment he's accused of laundering $18 million to support a lavish lifestyle including buying u.s. real estate and defrauding financial institutions that loan money. bloomberg reported manafort made millions of
Bloomberg
Jul 27, 2017 10:00am EDT
discuss it is george, head of fixed income strategy. george, relatively soon, does that mean an announcement in september, and maybe some action in october? there are a lot of sticking point in september. it could influence the fed's decision for a start in q4. but they almost in the opposite of what they did in 2013. they put out all of that ahead of time before pulling the trigger. you talk about positioning, this cycle of being in an anomaly. let's cut to the chase. what does it mean for trade? what should we buy as a result of that? george: it is a function of buy and sell. there are a lot of relative i opportunities throughout this. in the treasury space and beyond -- opportunities throughout this period, in the treasury space and beyond. we had been living in a world where investors have not had to hedge for two way risk. that will cause volatility over the course of time. the first three months may seem like a snoozer because they will go slow, but we do think that is a look towards next year, they are going to be putting a lot of paper back into the system. the private s
Bloomberg
Apr 18, 2017 10:00am EDT
president esther george moments away. we will ask one of the more hawkish voices how many rate hikes are appropriate this year. mark: prime minister theresa may called for a surprise snap election with a vote to be held on june 8. she looks to strengthen her hand going into brexit talks. sachs stunnedn the world with a miss on bond trading revenue. gains.f america boasting how did goldman get left behind? mark: let's start with the u.k. and europe. we are going to bring you these charts on the french election. four to five days to go. everything changed after 11:00 a.m. local time. theresa may calling for the snap u.k. election on june 8. parliament will vote tomorrow. but one industry group following today. -- falling today. the big news today, what a day we have had in the u.k. theresa may calling for this snap election, june 8. thursday, the head of the statement, sterling falling. the speculation, what was she going to announce? it became apparent. sterling rallying today. it is gaining for the six the bank in seven. seven.h day in today, it has risen above its 200 day moving average
Bloomberg
Nov 10, 2016 10:00am EST
one man in 1932, george gallup, he conducted a ball for his mother-in-law running to be secretary of state in iowa. it was accurate and she won but he's still got some predictions wrong. remember this headlines, one of the biggest headline election blunders was a result of incorrect polling, including gallup. morewere refined to become accurate and they grew exponentially as they did. today in u.s. there is gallup, rasmussen, 20 tx, reuters, even bloomberg and ask them. -- conduct them. it is getting harder to trust their accuracy because of the cell phone which is one reason. all calls to cell phones must be made manually which is not only time-consuming but expensive. also, since anyone receiving a call on her cell phone can see who is calling, they tend to not answer the pollsters call. --2012 the low response rates means it is becoming harder to get accurate responses and analyst are more likely to trust aggregations of polls like those created by 538, real core -- real clear politicsas they do not just focus on one poll. here is a lot of work to be done to find out why they keep
Bloomberg
Apr 17, 2017 2:00pm EDT
. bush, he under george does the ins and outs of the financial services industry. he was not very complementary toward elizabeth borak and one of the legislative tussle that they had. i would imagine she would remember that. she could, in syria, have another nomination. but she is likely to push back somewhat against him. >> why is it that donald trump seems to have such a fondness for private equity guys? they are dealmakers. what we have heard in the campaign enter the early parts of this administration, the president loves to deal. he does like to interact with people that speak his language, it seems. and in many ways, wall street very much stood on the sidelines. they have gotten increasingly close and they are not talking about regulation, the trade. these are people that have deep insight into different parts of the global economy and fill in some gaps were maybe the president doesn't have a lot of strength. on and itgo on and seems like we see someone knew coming into the administration with that sort of background. our go-to guy on the fed. don't miss these close of inter
Bloomberg
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
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
Aug 9, 2017 10:00am EDT
george w. bush say are their greatest achievement while running the u.s. we will have that story next. this is bloomberg. ♪ mark: this is "bloomberg markets ." i mark barton with vonnie quinn in london. vonnie: this week, we hear what former presidents bill clinton and george w. bush had to say about their biggest accomplishments while they were occupying the white house. >> what would you say in your 8 years you were most proud of having done? >> i was most proud that when i left office, we had the broadest period of shared prosperity in 50 years. the bottom 20% income in percentage terms, and nobody was mad at anybody. it was shared across racial and religious and regional lines. did abolished inequality? no. you cannot in a market society, but at least we found a way to have more shared prosperity, including three budget surpluses. >> what would you say in your 8 years? president bush: my daughter loves love me. [laughter] president with: it is a itllenge -- president bush: is a challenge to have daughters when you are president. our family unit strengthened. i think that is a gr
Bloomberg
Oct 31, 2017 10:00am EDT
. the cooperation of george papadopoulos could be the bigger threat. 126 million, the number likely to get center of lawmaker scrutiny of tech companies. general councils of facebook, twitter and google are set to face questions from the senate judiciary committee on how they fail to keep russians from interfering in the 2016 election. and european research roles are shaking up the financial industry. paul hamill, citadel mobile head takekes, joins us with his and much, much more. , plus, more. we are 30 minutes into the u.s. trading days. julie hyman is to it breaking economic data. is on consumer confidence, coming in ahead of estimates. the confidence index rising to about.9 versus -- 125.9, quattro points better than estimated by economists. in addition, we have the chicago purchasing managers index higher than estimated at 66.6. very little change at this point in time, the nasdaq gaining a not muchre but movement. let's go to a there is movement deal talk and earnings. we have a lot to talk about. rockwell automation gassing up big as shares of emerson electric fall. emerson has
Bloomberg
Jan 11, 2018 2:00pm EST
, mike george. after a pause yesterday, we resumed the rally. back. rally is look at the solid gains that we have for the major averages nasdaq s&p 500 and bit igher by .5% or a more. 2000. out russell the optimism is back about tax cuts and what it will economy and we have the earnings season getting under way tomorrow with some of the big banks. those in a t moment. but first, let's look at a few of the stocks that are 2000 g the russell higher. these are small cap stocks. 17%.ress software up they beat earnings and sales estimates. same thing with k.b. home. they beat earnings by more than 9%. stands out in contrast to yesterday's lennar.s miss by company, the brinks up almost 9%. these are some small cap winners. the earning season overall, let's hop bloomberg and look at the year-over-year earnings growth. in 2013 and '14, ecent growth, but then we see an earnings recession '16.here to 2015, 2017, lots of growth. 20% last year. this is the estimate for the fourth quarter that we'll be at.ing up 11.8%. that according to mkm. be more reason to think why the stock market is rallyin
Bloomberg
Dec 6, 2016 12:00pm EST
insight on what this could mean for boeing. george ferguson with bloomberg .ntelligence joins us why did donald trump tweet this, and where does this $4 billion number come from? george: i am not sure where the $4 billion number came from. where this may have come from and why this is front of mine for donald trump could potentially be a washington post article that was published last about 120 $5 billion worth of administrative waste at the pentagon, which is a large portion of the defense budget. i think it is interesting because it seems like donald trump, he is returning to some of the campaign discussion he had about getting rid of waste at the pentagon. i think if you were a defense watcher it is also interesting. it does not mean he will give a blank check to the pentagon to increase spending on more defense programs. it seems that he is going to try to economize at the pentagon, and maybe this is front of mind because of this washington post article. it will not just be bowing that will be in the crosshairs bo --eing in the crosshairs. david: that piece by bob woodward and craig
Bloomberg
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
Feb 17, 2017 12:00pm EST
an issue. we see this during the reagan administration and george w. bush. as far as that issue really rising in the minds of voters. the other thing is the tools they have, they still have the court. we watched what democrats can do on the floor. they have 48 votes and they can float some things down. mind, whatou don't happens with the paris climate accord? >> we are all wondering that. president trump vowed to cancel the u.s. participation agreement. see theseting to meetings. secretariatate -- tillerson -- secretary tillerson is on the ground. does that conversation with foreign leaders persuade off onon to maybe hold the paris agreement? fortis trump go down the path that he during the campaign yet -- or does trump go down the path he promised during the campaign? the senate confirming scott pruitt to become trumps epa administrator. boeing at images at the plant in charleston south carolina, where president trump is expected to speak in a matter of moments. this is bloomberg. ♪ david: live pictures of the boeing land in charleston, south carolina where president trump is
Bloomberg
Dec 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
Nov 1, 2017 10:00am EDT
whether george was simplys boasting. manufacturing activity rose last month. measures of pricing and capacity indicated inflation pressures are building. that comes a day before the bank will increase interest rates for the third time in a decade. this is bloomberg. vonnie: thank you. as i mentioned, developments in the robert mueller investigation with george papadopoulos claiming officials did agree to a meeting with representatives of the russian government. no indication yet if the meeting occurred. it could be another headache for the white house. we are joined by tim o'brien. on gadflycess those go. if there is reason to believe campaign officials agreed to the meeting, why is that a problem? tim: i don't think collusion itself is a problem for the president. it is not a crime to cooperate with a foreign government to a certain extent. the issue is whether or not they tried to cover up their tracts once they were asked about it. that becomes obstruction of justice. background narrative that they were not colluding, you now have someone within the campaign who said let's take th
Bloomberg
Aug 31, 2017 2:00pm EDT
us from austin is texas land commissioner george p. bush. his office plays a key role in the state, managing oil and gas, and is responsible for coastal protection. thank you for joining us right now. taking a look forward, what needs to be done to prevent this kind of catastrophic destruction from happening to a major texas city going forward? it is a i think combination of many factors. ,ur agency presented an idea proposal, before the last legislative session to create a coastal spine that would withstand a category four or 5 storm that would detect the houston ship channel, the second-most important port in the united states. this would be a long development, a long process. what we asked for was the same type of treatment that new orleans received after katrina. all beasley, we were unsuccessful in obtaining the wereng -- obviously, we unsuccessful in obtaining the funding, but we outlined a vision where we could protect and of what an industry like petrochemical facilities, retail, and the hub that the houston ship channel is in terms of economic activity. secondly, as texans
Bloomberg
Aug 16, 2017 2:00pm EDT
george h.w. bush and president bush coming out with a statement . it you will recall president trump's provocative comments about george washington and thomas jefferson statues being next. a tip of the hat and a reference from president bush to the declaration of independence. and one of charlottesville's most famous residents in terms of talking about the message of equality for all and not accepting bigotry. pressure both from politicians among republican ranks and from business leaders as president trump now tries to recalibrate for a fifth day in a row. what about members of his own administration? he clearly took his aides by surprise. he was meant to make a statement and step aside to answer questions on infrastructure. not look pleased, though it is hard to read his expression because he was looking down at his shoes. margaret: yesterdays are marks caught a lot of people off guard and left them dismayed or uneasy. surgingrt of a overnight into today. it is now wednesday afternoon and we do not see, at this time, any high-profile departures or any department chairs -- departures.
Bloomberg
Sep 22, 2017 10:00am EDT
what people want us to do and that is what we will be doing. george? prime minister, can i ask you to them you a specific questions? during the implementation phase you described, would britain be subject to new laws and regulations passed by brussels while we don't have a say in the making of those laws? the second question, you are setting out an idea of being close to the single market under this new arrangement. would britain be prepared to pay for access to that single market? something that some say is unconscionable. prime minister may: as i said in the speech, during the implementation period, and this is because it is in the interest of individuals and businesses to be able to have a period of time where they can make the adjustment to the new relationship, make the changes asos a serine to i.t. systems or whatever, but know the basis they will be operating during the period, that would be operating on the current rules and framework. of course, the details of that would have to be part of the negotiation. what i set out here is a principal in relation to that. i think tha
Bloomberg
Aug 16, 2017 12:00pm EDT
. - - denouncing the president and his lack of condemnation. >> the 41st president, george bush,ush and george w. they both put out a statement not specifically denouncing the president by name but coming out forcefully against nazism, white supremacy, making a very forceful statement in contrast to what the president did where he sort of equivocation between many sides and different groups, and also the senate majority leader, the house speaker, both republicans, the highest-ranking republicans in congress putting out statements over the last 24 hours that seemed to repudiate the president's comments even though they did not directly, comments about what the president said, they took a different strategy when directing this issue of white nationalism, white supremacy, and neo-naizis. they were able to denounce these groups without saying it's about both sides, and basically making it clear they are uncomfortable with the way the president handled it. vonnie: the trouble is these rallies aren't over. there was another statement you mention from the senate majority leader. it ostensi
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
May 10, 2017 12:00pm EDT
george w. bush and the number two position. you have not been shy to make tough decisions, even controversial. how important is it to explain why? some of the things people are reacting is the explanation to last august and what happened with the democratic administration and the democratic attorney general and that seems less implausible. all, was airst of week 12 hours into this? you know, i think making a demand for an elaborate as one nation 12 hours into it is an interesting objective but hardly critical. therek everybody will get -- and just what is going on and stop trying to turn it into world war iii. david: let's go back to the agenda. what is the most important thing the president should be focusing on? sam zell: i for sure do not think it is james comey. it is important as i think health care is an tax reform, at the moment, i think what is going on in the world and we have had eight years of no foreign policy and we need to get one quick. and i think what is going on in venezuela and the ukraine, what is going on in the middle east, they are the most important issue
Bloomberg
Oct 20, 2017 10:00am EDT
way. i have the utmost respect for henry and george, and my partners at kkr. you are out of the industry you can be clearer eyed about the challenges private equity faces. in some respects it has none. there are things the industry needs to confront. what is top of the list? alex: let's dissect that if i can. investors, big institutional investors, even individual investors are recognizing the private equity deliveredt large has good risk-adjusted returns. decade. last which is been the most followed volatile. i think we start with the foundation the private equity has delivered significant returns. there are a lot of people who are either increasing allocations to private equity or coming into private equity. on the fundraising side it is a terrific environment for good reasons. the industry is more competitive. there are a number of firms competing at all levels. like in the industry that has delivered great returns, there has been a huge amount of talent. it is a more competitive industry. the industry has evolved. ago you looked at what we bought this business. there was ask
Bloomberg
Dec 7, 2017 10:00am EST
former u.s. ambassador from israel to george -- to jordan. this is bloomberg. ♪ in the city of london, i am mark barton. vonnie: in new york, i'm by quinn and this is numbered markets. hours after president donald trump said the u.s. recognizes jerusalem as the capital of israel, palestinians took to the streets to protest and shortly after hamas military group that controls the gaza strip called for an uprising against the --aelis, what are the geopolitical implications? joining us on the phone is an too many former economies and also the united nations and russia. former secretary of state for political fit -- clinical affairs. the american mediation now, absolutely no longer in question. >> no. i think it is even more jeopardized than before, where it was hard to believe that the negotiators that were out there working for president trump were making any real progress. hase the middle east constantly astonished us by getting worse when we feel it cannot. i do not think that is necessarily an argument here, in part because we have a unique relationship with israel and the palestinians
Bloomberg
Apr 17, 2017 12:00pm EDT
what hans or george said and that turkey had a more democratic election than anywhere else. he said those banging pots and pans lost eight times. there were calls by the european union to talk to the opposition. if you were still an opposition lawmaker in turkey, what would you say to him if he did come and talk to you? akyan: first, i think erdogan should read the oed report where members of the parliament and individual european nations argued that there was not an equal playing field. neither the campaign or the counting was in accordance with the european standards. a look atwhen i take various opposition entities in werey, i see they denied media time, denied rallies, denied culture alongside many of its lawmakers and mayors and party officials. this was a referendum under a state of emergency conditions. it was the farthest away from free and fair. vonnie: he is also saying the european union has made turkey way for 54 years at the door and turkey can hold a referendum for eu talks. thate eu sort of decides it's not part of the eu anymore, what does that do to turkey and inter
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