a hedge hedge player's view of the countryside.that he joins me now, happy easter , welcome to gb news. easter, welcome to gb news. richard. you have pointed out you have pointed out the paradox that the hedge is full of nature, but the hedge is not a naturally occurring phenomenon . naturally occurring phenomenon. so if it's not naturally occurring, how has it occurred ? occurring, how has it occurred? >> well, it's courtesy really , >> well, it's courtesy really, of our farming heritage, the archaeology artist frances pryor, discovered in a fenland ditch in the 80s. a little tiny barb, tiny little barb of hegeps barb, tiny little barb of hegel's brash. and he realised, with some further digging, that that that was the first hedge. the oldest hedge in europe, 2500 bc. and it stands to reason that if there was a hedge planted by man to retain livestock, as they know that this was, then there had to be hedge layers, because a hedge is only a hedge if you maintain it by man , courtesy of maintain it by man, courtesy of the of laying

>> he is closing the hedge fund, the firm that months before was looking to be acquired.has been a conversation with william management. sonali: let us take it a step back about george weiss, 81 now, he told investors he is returning cash. tell us more about him and why he matters. >> he is 81 as you mentioned and we are seeing something of a trend when it comes to consolidation. when it comes to billionare founders, they may be seeking liquidity and they may be looking to get out of the business and acquisition could be a good way of doing that. the fund has had some lackluster performance it has not been doing super well and this environment when the risk is about 5% investors are expecting better returns than five or 6% gain. sonali: one thing that is amazing is not just that he was looking for a bible he approached, he reported that he did talk to millennium and as an englander, you have been all over the story in the talks with them as well, did that have anything to do with each other? >> this feeds into a broader trend when it comes to the consolidation space. you

before you worked for this hedge fund on | worked for this hedge fund on wall street, what were you doinght after college, i managed in _ doing? right after college, i managed in finance - doing? right after college, i managed in finance and - doing? right after college, i managed in finance and i - managed in finance and i worked in equities. i worked for about 4.5 in equities. i worked for about lt.5 years, started business school at warren and then i dropped out of business school because i knew at that time that i may be wanted to change parts, change careers. so, after i dropped out i spent a few years taking classes in humanities — literature, philosophy, creative writing. so, you are doing that and then you went into this hedge fund job. was it because it wasjust too good to turn down at the time? , ., , ., , too good to turn down at the time? , ., . , ., ., time? yes. it was really good, but also i _ time? yes. it was really good, but also i was _ time? yes. it was really good, but also i was headhunted - time? yes. it was really good, but also i was headhunted for| but also i was

hedge funds that are getting _ it's the multinational hedge funds that are getting rich. _ it's there getting rich.— that are getting rich. that is one ofthe that are getting rich. that is one of the issues _ that are getting rich. that is one of the issues which _ that are getting rich. that is one of the issues which prompted i that are getting rich. that is one | of the issues which prompted this review from the competition and markets authority, questioning how the industry operates. tt’s the industry operates. it's difficult for _ the industry operates. it's difficult for pet _ the industry operates. tt�*s difficult for pet owners to get clear upfront information about the price of different treatment options, about the cost of prescriptions. many people may be overpaying for the medicines they buy from their vets. secondly, we are worried about how competition is working in this market. thea;r are worried about how competition is working in this market.— working in this market. they also flan red working in this market. they also flagged the _ working in this market. they also

i like a hedge. >> hedge for what and how? >> some of the simplest ways to hedge, you can use options, very effectively, i want to have a little bit of downside protection. you usually give up a little bit of upside but you make money not losing money first. have a hedge. i also like hedges by finding where the opportunities are. we were just listening to a real estate expert, there's a lot of credit, a lot of debt coming due and not all of the speculators will be able to keep their portfolios and their real estate. they are coming due at higher interest rates. i think some of the opportunities in real estate takes since right now. >> if certain sectors of real estate will face a debt cliff, so to speak, how do you differentiate between the ones that will want to get through where you might want to put your money and the ones that are vulnerable to the higher rates? >> i think it is an opportunity to keep your powder dry and watch as this billions and billions potentially trillions of dollars of debt refinances. and be able to

and are you prepared, or are you ready for hedging? which means that, you know, let's remember what that means. it means that at times you are going to do well, and at times you are not going to do well with the entirety of your portfolio. and that is ok. that actively managing your portfolio for these different changing economic cycles or behaviors is what you are supposed to be doing. francine: does it change how you lead man group? robyn: it changes because of the way that we position the organization. we are an organization that is diverse. our capabilities are diverse. we have different engines doing different things, be it on the quant side or on that fundamental discretionary side. we have products that are in the macro space, we have products in equities, we are long only, we are long/short, but we are seeing is clients are interested in more customized solutions, in solutions that answer the problem they have got or the challenge they have, rather than here is a product, you buy that or nothing else. so it changes the way you

francine: it's the world's largest listed hedge fund manager and after 240 years in existence, man group has a woman in charge for the very first time. robin grew was promoted from president to chief executive last september. the high point of a 15 year career. the former bursar entered the world of finance three decades ago and never left. >> the speed of change, the impact, the global nature, the challenge of it never stopped getting more and more infectious for me. francine: in this episode of leaders with laqua, i speak to robin about diversity, purpose and what the future holds in an ever-changing world. thank you so much for joining us on leaders. the world is a bit strange. there are so many poly crises, it's just difficult to get a handle of what comes next. robin: yes, that would be the shortest answer i could ever give, yes, it is difficult. i think if this year has taught us anything, it's the prediction is not our strongest suit, perhaps. that isn't just in relation to markets, it's in relation to these big geopolitical events that we are still living with. francine: it's inc

>> look, i think gold is more of a hedge.edge to many portfolios i think i would pick that one over the miners, just because it's more -- it fits into more of an allocation model, rather than just picking individual securities and individual, you know, drillers who mine the gold >> michael, it's tim thank you for joining us you made a point on the market's move, but really, a lot of the market hasn't moved. i think if anything right now, i'm happy to say that i think a lot of the sectors that were underperforming, i owned and felt silly about, have actually moved a lot. >> right >> delta's up 50% over, you know, kind of the last 60 trading sessions, citibank is up 63%, industries are at all-time highs, you know, i think the list goes on and on for real economy stuff. and i guess the question i have for you, do you think that stuff has run too far? that's really the question we all know the nasdaq's had a big move >> earnings are strong right now, and if you look at inflation has slowly started to come down, you're most likely

where does the sec stand with probes into other asset managers, hedge funds, private equity firms?institutions have already prayed -- paid a pretty penny for the use of disappearing messaging apps. they have been for the last year or so transitioning into regulated entities like investment advisors, which cover institutions like hedge funds and private equity, which face a different recordkeeping burden, but the sec appears to indicate by their investigations that they also used these messaging apps in some way. sonali: heavyweights in the story -- kkr, citadel, blackstone -- how are they banding together to face this? austin: sources tell us that a number of hedge funds and private equity firms have had discussions and talks about how to handle these probes. the best approach. some in that group are content to settle on what they think is fair to get the matter hind them. there are others, like citadel, who reported in the past that they were gearing up for a fight with the sec on this matter, frankly now ready to go to the mat for this, see if they can push this issue to the sec

some areas, for example, like real estate come historically over the long-term has been a good hedge against inflation and delivered good returns. short-term, that inflation, keeping the rates higher, puts stress on new deals or existing real estate. it is about choosing the right spots within the real estate market to play. we think that's good. we also think there are some areas within the private markets, like private credit, that given the floating rate and that the absolute rates are quite high right now, a great place to have a hedge against inflation. sonali: i'm glad that you brought up real estate. it's obviously a sticky area and a lot of worries about what higher rates would mean for certain properties, refinancing, maturity walls, property sector. how is that keeping some investors away from certain asset within the broader space? tony: there is a mess in offices and real estate. that in some ways is making people throw the baby out with the bathwater. you have to remember that real estate is a local business. as a local business, there are always opportunities if you kno

a couple of the hedge funds we have kind of fit that mold.iversify away from the tight bond correlation we have seen in 2023. to manage theat volatility if i does occur especially if we run on inflation. >> quality bonds. is that duration? is that long? are we looking at more of the five-year duration now considering how you don't know which way it plays with the interest rarte environment? >> we are neutral at the moment. that is waiting for the right cuts. we find bond yields going down and it tends to be a journey. it is a one and done. we want to wait for the confirmation. if we have done good analysis, then bond yields fall. once we get clear sign of that, we will go longer during ation. >> jason, thank you for joining us. >>> nvidia has announced the anticipated super chips. meta and google and tesla are ready to adopt it for the applications. fascinating how were pmany partnerships that company is trading. >>> and coming up on the show, the exclusiv exclusive interviee polish prime minister. that's coming up next. g on a goldmine. well

and don't i know it, i left goldman sachs to start my own hedge fund. when you rally in the mid to late '80s, it created such stupendous gains that it group of clever salespeople started offering big funds, they claimed as insurance policies. so-called portfolio insurance involving dynamic hedging where specialists said they can use futures to ensure the stock market risk at a 5% or 10% or some other number. the idea was that this policy would let you sidestep losses. of course it is impossible to do that, but they had such a great sales pitch that people believed them. in reality, when it all kicked in the portfolio didn't work. if anything the future selling of these insurance policies saw a decline, causing massive losses for the poor saps that what these things. many clients were wiped out. people that were selling these policies, just really idiots, maybe not the crooks i thought they were. there is no matching trick with that much risk, come on. don't believe anyone who tells you different. they are charlatans. of course at the time we didn't know

which are offering very cheap hedging opportunities at the moment for that downside scenario.nnabelle: that's what i was going to ask about, what you're seeing in the derivatives market. are there opportunities you see in that realm? >> definitely, whether it's optionality or via outright in cx ig. these are close to the lows we've seen over the last decade. the market is not pricing much risk into credit derivatives, whereas if you look at the market, you're so getting a bit of a pickup there. we prefer participating in the fiscal credit market, you can still earn a bit of that carry, but on the others come the hedges are really good too. it's quite attractive at the moment to pair that in the portfolio between fiscal credit holdings. annabelle: thanks for your insights this morning. a reminder that we are live as china hosts the boao form, billed as the asian version of the world economic forum at davos. there is more ahead. this is bloomberg. ♪ haidi: australia is set to release the latest inflation data in about an hour. limber economics expects an increase from 3.4% in ja

this is the playbook that all the hedge funds use. and even though these hedge funds can often perform like herd animals, wildebeests who often buy and sell ltd same stocks at the same time, they operate this way because their playbook works. the reason for that has to do with another piece of wall street gibberish lexicon that you absolutely must know if you're going to pick stocks by yourself. it's called the price to e earnings multiple, or p/e, multiple. or just the multiple. they all refer to the same thing and it's the cornerstone of how he had we value stocks. when you hear talking heads pontificate about how a stock's become overvalued or undervalued they're almost always talking about the price to earnings multiple. when you hear people say pepsi is more expensive than coke, they don't mean it's cheap because it's trading in the 50s versus the triple digits. to make any kind of apples to apples comparison you need to take a step back. when you buy a stock you're actually paying for a small piece of a company's future earnings

but, begun, another good hedge if we keep seeing these prices going up.t see a break in the trend. i think this is something we could use to hedge -- charles: -- something on the industrial stuff. all the money that's ooh to coming into this economy, you know, from all of these things that have already been passed, we're talking billions and billions of dollars. i think you'ren on to something there. all right. have a great weekend, erin. it's great seeing you. >> thank you. charles: my next guest says there's huge weakness -- not just wobbliness, but huge weakness many today's jobs report. joe lavorgna's going to break it out. he's got a bunch of red flags. stay tuned. ♪ i need a hero. ♪ i'm holding on for a hero til the end of the night. ♪ he's gotta be strong and he's gotta be fast -- ♪ and he's gotta be fresh from the fight ♪ - i got the cabin for three days. it's gonna be sweet! what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do

sheep ripped to pieces, they arejust hedge, it is horrific.. it was horrific to find.— bottom of her ear missing. it was horrific to find. more than 40 sheep were killed- — horrific to find. more than 40 sheep were killed. some _ horrific to find. more than 40 sheep were killed. some survived - horrific to find. more than 40 sheep were killed. some survived the i were killed. some survived the carnage but their injuries were so serious they had to be put down later. mil serious they had to be put down later. �* ., ., ~ , ., later. all the hard work is done, the ewes have _ later. all the hard work is done, the ewes have given _ later. all the hard work is done, the ewes have given birth, i later. all the hard work is done, l the ewes have given birth, you've looked after them and turn them out and then the easy part, away and they are to grow for the summerjust to find them in pieces is absolutely horrific and heartbreaking. this foot - rint horrific and heartbreaking. this footprint was _ horrific and heartbreaking. this footprint was found i

let me come back to you as a hedge. it's my understanding that this hedge was decided and the numbers decided and so forth when we had just one primary adversary and it was really the former soviet union and then russia. now with the rise of china in this space and north korea and even others, as we talk about taking warheads out and putting them back into the-- putting them back into deployment, do we have the right numbers for the current state of the world? do we have the right numbers and the right variety to make sure we can respond to the threats that are out there? >> so we start with right here, right now, the answer is clearly yes. where the report looks is really into the future, it's seven 27 and beyond. there are a couple of ways to tackle this, one is as you know, traditionally, with the last several npr's, china has been a lesser included case and as we look at the trajectory, that china is now on, there's going to be a period of time where that's no longer possible. the good news is that certainly, when n

she was the ceo who was in charge of his hedge fund.y have much to do with the day—to—day running is of that hedge fund, that crypto fund, making big risky bets on cryptocurrencies. he said that was caroline's department. very quickly, when she had he were arrested, she said she would testify against him. we heard her words being thrown back at sam bankman—fried in the judge's comments, saying for example that some of the things he was saying to her inprivate were not what he was saying in public about the idea of there being a 5% chance that "i will become president one day." that boastful behaviour. and she says that he knew exactly what he was doing when they were using ftx customer funds to fund his other big risky company and he wanted to make these two companies as big as possible and as powerful as possible so that he could be politically influential. and we saw also, at the beginnings of this whole process, that it was revealed that they were big donations, millions of pounds donated to the democrats and also the republicans in

mail and the hedge fund tycoon paul marshall. ,, ., .on jack, thank you. back now marshall. simon jack, thank you. itack now to _ marshall. simon jack, thank you. back now to the _ marshall. simon jack, thank you. back now to the story about - marshall. simon jack, thank you. back now to the story about the i back now to the story about the conservative donor frank hester and his alleged comments about diane abbott, the mp. she didn't get to have her say in parliament today during prime minister's questions. let's talk to our political editor chris mason, she has had her say now? . . chris mason, she has had her say now? , , ., , ., chris mason, she has had her say now? , , . , ., ., . now? yes, she has written an article that has been _ now? yes, she has written an article that has been published _ now? yes, she has written an article that has been published in _ now? yes, she has written an article that has been published in the - now? yes, she has written an article that has been published in the last l that has been published in the

against inflation that did not work it is not a good hedge, it is telling you, that right now peoplee not saying e i better have a risk off trade. >> did you know what costco said last quarter, they sell gold bars, they sold 100 million dollars of goa goal gold bars, they launched today they want to celtics vsell sill very coins -- silver coins. larry: is gold still a hedge against inflation. >> i think it is yes. >> gold is tr traditionally something to diversify your portfolio. won't some gold and now you don't have to go to your broker you can go to costco. larry: with these indexes, forbid coin, that is -- the bitcoin that is a booster rocket that puts them into the game in a way they were not in the game before. >> it does undermine part of the original use case for bitcoin, it was to free you from financial system and be its own financial system, but it is going up because it is getting integrated into the financial system, being the etf means you could call your broker and say i would like to own a bitcoin etf, you have don't have to go through all hurdles you used to, you don

up next, hedge fund managers are taking up after a two-year drop. we look at that story next.h us. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ♪ >> this is bloomberg markets, and it is time now for my favorite needs, the wall street eat where we are looking at was buzzing on wall street and the world of banking and finance and today we are looking at the rise in hedge fund startups. if you think about just where the money has gone in recent years, what is drawing money back into smaller, new firms? >> there's a few interesting data points. there was a barclays report that found that more investors are planning to

it doesn't matter people still think it is a hedge against inflation. there are exchanged products for bitcoin. the hedgers are out in full force, it makes sense. meanwhile it feels like there are no big point sellers, that is what's publishes about it even up here. just remember to jump ship. the bomb pop in gold confirms the ball in and pull out of crypto. crypto is moving every speculative asset, that's a hedge, gold above 2000 -- . how about the non bobble in a.i.. let me say they're sure there are stocks that are over inflated but that doesn't mean they can't go higher. i don't really like that the super micro got out of the s&p 500, it was blowing through levels at a pace -- it's doing something really highly proprietary. let me tackle nvidia huge today third largest company in the world with a valuation of two trillion. i've been telling you to own nvidia don't trade it. when the stock was a tenth of what it is now. why not traded? simple, the evaluation is too low. don't just look at today's price, it doesn't help you think of it like this. wall

then you look at bitcoin is a hedge against reckless fiscal spending.ook at what we're doing in the u.s., we're spend mo spending mn we take in. the path we're on is unsustainable. i think bitcoin, crypto overall gives investors a hedge against that. you have to size it appropriately. it is still a speculative asset. you don't throw 100% of your money into it unless you're willing to potentially lose it all. maria: kyle, you bought some recently right. >> i did, the first day the new bitcoin etf came out. first time i ever bought bitcoin. maria: kyle, thanks for joining us this morning. mark and chris, you're with us all morning long. tiktok on the chopping block, a bill passed to force them to i did you vest dir parent company. congresswoman victoria sparks is here to tell us more about that. you're watching "mornings with maria." live on fox business. stay with us. ♪ it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. (vo) explore the world t

the economy is because it views it as a threat to its hedge. many china is the number one trade partner for over a 120 different countries. china is creating a new type of alternative, not trying to supplant the us, but simply providing a stable alternative which allows countries to trade directly in their own currency, thereby bypassing the risks of the us dollar multiplayer. and he is already here, um that that's something that uh, somehow escapes washington. there's still how it's hanging onto this idea that the united states, as a sole hedge, a monic power to us, is no longer interested in what it preaches. the rule of law in the international order is something that is just for the us to use when it feels like it to preach to other countries, but not to practice. so at this point, many countries are trying to figure out what the alternatives are. china is providing one bricks might well provide. another russia obviously is going its own way as it is either on and any other country that's affected by utilize for all moves by the us. the was

escapes washington, they're still how it's hanging onto this idea that the united states, as a sole hedge, a monic power to us, is no longer interested in what it preaches. they were for the rule of law in the international order, is something that is just for the us to use when it feels like it to preach to other countries, but not to practice. so at this point, many countries are trying to figure out what the alternatives are. china is providing one brakes might well provide another russia obviously is going its own way as it is either on and any other country that's affected by utilize pro moves by the u. s. as in bob way has lashed out to the us. so the recent sanctions imposed against the southern africans countries president and also other senior officials, cimbawe place as the restrictions are completely and justified. and bob boyd takes great exception to gratuitous slander and defamatory remarks by officials of the bite and administration against the sanctions. and bob weigh leadership and its nationals. what adds to the outrage is that these bold and damaging accusations are not

i think it's a great you diversification play, i think it's a hedge.ed about their governments confiscating assets. take venezuela as an example and this would be a hedge against that but now there's more and more people right here in the united states that are worried about the government potentially confiscating our assets so again, that's a good hedge. you then look at the fiscal path that we are headed on as a country, i mean, we are deficit spending a trillion dollars every 100 days. we are on an unsustainable fiscal path and ray dalio's book, principles of a changing world order, he goes back and looks at history, looks at all the gre great empires throughout history, the average empire lasts 250 years before it begins its decline and it begins a decline because of massive debt levels, because of high interest servicing costs and then what happens is you end up losing the reserve currency status and that is something that i don't think enough people are talking about that as it relates to the u.s. dollar. that would be one of the worst possible t

is found to have the world news and a proposal to install a new political leadership in haiti has hedge of old, drunk after some opposition parties rejected the move. the plan was to create a presidential council that would select an intern guffman to pave the way for a transition. relative calm has returned to ages capital for to france. after weeks of gang violence, some banks and businesses have reopened at schools. hills station and the 2 minneapolis remain closed from me. so i know he has promised to resign. after the transitional presidential council is formed, is comes as a well food program warns of and moving from in, in hate to john home and has more from santo domingo and neighboring dominican republic. while hate to use political crisis plays out more than a 1000000 people. and now, and the bring consignment that's coming from the world food program, which is struggling to feed them. it's losing back to because the country and especially the capital, a cut off from outside supplies order prints is essentially under bubble. the roads in and out of order prints have been not c

somehow escapes washington, they're still hanging onto this idea that the united states, as a sole hedge, a monic power to us, is no longer interested in what it preaches. they were for the rule of law in the international order, is something that is just for the us to use when it feels like it to preach to other countries, but not to practice. so at this point, many countries are trying to figure out what the alternatives are. china is providing one breaks, might well provide another russia obviously is going its own way as it is either on and any other country that's affected by utilize for what moves by the us. well meanwhile, taiwan spartan ministry has been left red faced and having to issue a 14 ruffling apology. that's off the labor minister during the discussion on the possible recruitment of engine migrant space. but take you lower attention to this skin color, eating habits. the government expresses sincere apologies for the situation, it will earnestly review its actions and make needed improvements going forward. taiwan bows to civil society that embraces different views and

they're still how it's hanging onto this idea that the united states, as a sole hedge, a monic power to us, is no longer interested in what it preaches. they were for the rule of law in the international order is something that is just for the us to use when it feels like it to present to other countries, but not to practice. so there's points, many countries are trying to figure out what the alternatives are. china is providing one breaks, might well provide another russia obviously, is going its own way as it is either on and any other country that's affected by utilize for all moves by the us. meanwhile, malaysia is toll the easy around us to stop trying to drag it into its wible, re with china. that's the message from the countries prime minister, which came during the asians astray. the special summit and the independent nation we have fee is the independence. we do not want to be dictated by any force. so was really meant to be in boston, a friend due to not just the so you and here it will still. yeah. they should not to recruit us from being frenzy to one of our inputs in the

a lot of people want to buy bitcoin by the way as a hedge against inflation.hat didn't really work at all. it is not a very good hedge against inflation but i do think it is telling you right now people are not saying uh-oh, i better have risk-off trade. you're not seeing that in the stock market. you're not seeing it in bitcoin. >> i agree with that but did you know what costco said last quarter? they sell gold bars, they sold $100 million of gold bars last quarter and they loon muched today they want to sell silver coins. this is sort of idea where do you put your money in this sort of inflationary environment. larry: that is the thing, is gold still a hedge against inflation? >> i think you could argue yes. if you don't have faith in a currency, instead of putting cash under the mattress, putting gold bars in your bathtub or pool, i don't know. >> gold is traditionally looked at something to diversify your portfolio. own a little bit of gold. now you can own it, you don't have to go to a gold dealer, you don't have to go to your broker, you can go to costco

institutional investors, i use that broad category, whether mute fall funds, hedge funds.ackie: institutional fund managers, they are chasing the performance. they missed the nerve start of this rally. they probably missed the beginning of this first leg there have bull market in july. they're constantly chasing. we have a bit of fomo coming into this as the market seems to be broadening out. it is not just the big names, not just tech. we're starting to see a bit of broadening out. i think that will create more anxiety for performance chasing. it is not greater fool until we're all fooled. charles: i'm with you, being devil's advocate. these are issues that we need to put out there for the audience. before we go, i know you like apple. it is something of a value play. it hasn't participated recently. talk to us about erj. we have 30 seconds. this is a name i hadn't heard anyone mention in a while. >> embraer airplane, out of sao paulo, brazil. third best airline manufacturer. plane manufacturer. people talk about the problems with boeing. embraer are picking up contracts

we are seeing ind of the hedge fund community with the momentum trade rewind a little bit.l banks were up 4% at one point today. there are other pockets of the market right now that are working so at this point, it is not a cell everything type of market, so as long as that continues, i think there are places to find other opportunities, but i think some of the long momentum trades certainly are at risk for a deeper pullback. >> what looks good to you? when you say "longer momentum," you are not talking about things like biotech, which there is a lot of momentum in, some areas that people have pointed to some speculative, if not frothy behavior? what about that space? i'm looking at that market, which is obviously here, pretty broad selling today. staples and energy. >> yes, so, there are two different parts of the momentum trade. there is the established momentum, that has been performing extremely well for the last 12 months. that is your semiconductors, some select retailers comments consumer names, and then there is the newfound momentum which we have been more construc

a hedge creates not only an aesthetic appearance, but also saves the cost of mowing the grass.ed on the slopes and shrubs, restoring areas that were tidied up after winter. this work that you see is carried out on the greening of the slope, we carry it out on an ongoing basis , this is not a one-time action, we carry out every fall and spring... planting new slopes and supplementing old planted ones, it’s not just a common condition, but the slope’s smoothness - this moisture leaves, does not stay, so this one hundred percent chewing ability is very difficult to achieve, but we do not give up, we annually supplement these slopes, in order to in order to plant greenery on slopes, a number of features must be taken into account: firstly, the plant falls entirely into an open area and is very susceptible to sunburn, the most basic criterion is this: it is important that all heavy metal salts, after treating the roads with reagents , again end up in the roots and roots of the plants. just this weekend, green farming specialists will plant 3 pines and spruces; they are taking root w

secretary steven mnuchin, as well as hudson bay capital, reverence capital partners, and citadel, hedge fund, not the security firm, as well as some other institutional investors -- are making a combined $1 billion investment in this company, subject to finalized regulatory approvals here. according to the terms of this agreement, nycb will be issuing an aggregate common stock at a price of two dollars per share. they are also giving investors 60% more in coverage to purchase nonvoting stock with an exercise price of $2.50 a share. so, those are the terms of the deal. again, subject to regulatory approval, and then there is a change in the c suite. you have joseph vaughn, who was formerly with the occ, former comptroller of the occ, sorry about that. he is taking the c suite row and becoming ceo. sandra demello, who was just named ceo a week or so ago, is going back to nonexecutive chairman, a role that he held for just a short while following that moody's downgrade, and before he became ceo last week, and they are adding four new directors to this board, and shrinking the size of the b

and keeping this hedge a monic role. we don't want to be a hedge fund. we want to be one of many. we want to be equal with the restaurant in china. now i'd like to ask you a question, focus more on the world, your festival itself. what kind of activities or events has the american delegation participated in already? and what are you looking forward to and also what kind of things about the russian culture have you and other members of you american delegation sounds to be interesting or unique. hey, we can talk a little bit about that. of course, i mean, 1st of all, at this time of, of great tension between the 2 countries we've been receive so warmly. everybody so excited to see us from the united states reading us, thinking with us hugging of eating with us. it's been phenomenal. and so i, it goes to show that the people once to be with each other. sadly, our government, the united states, is not really promoting that, but here at the festival, there's so many opportunities for us. they've invited us to expeditions to go to the arctic invaders on expeditions to do. are you logica

they come from a hedge funds, they come from private equity, they come from defense contractors, you want names, let's name names, there we go. nicholas burns, in charge of the china policy, his corporate benefactors, the cohen group, campbell, he's on the national security council. his corporate died, the age of group, tom donald, and also for the security council. his corporate dog isn't as big as it gets. he's with black rock investments or the group that was just given essentially ukraine and there's, when does sherman state department or business dies albright stonebridge jake, solve a mr. by the national security advisor, his corporate collection, macro advisory. there they are. so what about lloyd austin? well, i gotta tell you, general austin's corporate connections run deep and wide as well. they include the new core corporation, united technologies, raytheon, raytheon. and prior to joining president barton austin worked together with the us secretary of state anthony blinking at the pine island capital partners group, a private equity firm investing in your ready defense co