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Apr 13, 2016
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michael moore will join us on the set as well. our first word news" with neighbor change. for theore turmoil brussels airport, only this time it is by air-traffic controllers. the airport was reeling from last month's terrorist attacks that killed 16 people. today's labor strike is disrupting flights at the hub. about 50 flights were canceled this morning, with more expected. syrians are voting today in parliament elections. some 3500 candidates are vying for the 250 parliamentary seats, although opposition groups have boycotted. 'sesident bashar al-assad facebook page said the president assads wife are at the library. attemptdilma rousseff's to stop a coup against her. the vice president is focused on reforms to stem the worst recession in brazil's modern history. donald trump says the election is being stolen from him, according to "the new york times." he says there is a shadow of illegitimacy over the selection of delegates. trump says, "our republican system is absolutely rigged. it is a phony deal." this after senator ted cr
michael moore will join us on the set as well. our first word news" with neighbor change. for theore turmoil brussels airport, only this time it is by air-traffic controllers. the airport was reeling from last month's terrorist attacks that killed 16 people. today's labor strike is disrupting flights at the hub. about 50 flights were canceled this morning, with more expected. syrians are voting today in parliament elections. some 3500 candidates are vying for the 250 parliamentary seats,...
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Apr 12, 2016
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let's find out more from our finance reporter, michael moore, who joins us on the set. we had a great bloomberg exclusive saying that they would
let's find out more from our finance reporter, michael moore, who joins us on the set. we had a great bloomberg exclusive saying that they would
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Apr 26, 2016
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bloomberg's michael moore.peaking of standard chartered, tune into bloomberg tomorrow for bloomberg from francine lacqua. exclusive interview with the man himself, mr. bill winters. the chief executive officer of standard chartered. coming up on bloomberg markets, the busy show, t-mobile adding more than a million users in the last quarter. we will have more on another strong quarter from chief -- chief executive john ledger who joins us in the studio. that is next. ♪ we are live from london and new york. i'm betty liu. >> i am mark barton. this is the european close. >> t-mobile's earnings are out. beating estimates for adjusted earnings and revenue. here to dive into those results is bloomberg west anchor emily chang in san francisco and t-mobile ceo john ledger. us.s here in new york with emily. >> think you so much, betty. thank you, john, as always for joining us. you added more than one million subscribers for the second -- seven quarter in a row. you raised your forecast. how long can you keep it up? >>
bloomberg's michael moore.peaking of standard chartered, tune into bloomberg tomorrow for bloomberg from francine lacqua. exclusive interview with the man himself, mr. bill winters. the chief executive officer of standard chartered. coming up on bloomberg markets, the busy show, t-mobile adding more than a million users in the last quarter. we will have more on another strong quarter from chief -- chief executive john ledger who joins us in the studio. that is next. ♪ we are live from london...
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Apr 12, 2016
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michael moore from the finance team. stay with bloomberg. will be joining me for new york. we'll be kicking off with eric nielsen. later, we will speak to goldman sachs head of commodities. don't miss this conversation. we will be talking about central banks, emerging markets, and about the yen. i want to get his thoughts on why it is pretty much flat. yesterday we spoke to mr. yen, seki so if you look at my data board, i put yen, because it is the only game in town, and it has been the only game in town for the last two weeks. european stocks are falling, but less than the opened, then retail stocks were disappointing with some figures that are weak in asia and that retail index is down. we are back in a couple minutes with "surveillance." ♪ francine: the european shakeup. japan's largest brokerage scales back its business. a deal to calm the doubts. can italy short confidence in its financial sector with a $5.7 billion fund to back its banks? and a vote in the lower house pushes brazil's president a step closer to impeachment. this is "sur
michael moore from the finance team. stay with bloomberg. will be joining me for new york. we'll be kicking off with eric nielsen. later, we will speak to goldman sachs head of commodities. don't miss this conversation. we will be talking about central banks, emerging markets, and about the yen. i want to get his thoughts on why it is pretty much flat. yesterday we spoke to mr. yen, seki so if you look at my data board, i put yen, because it is the only game in town, and it has been the only...
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Apr 4, 2016
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we have michael moore from duke university. sallie krawcheck of unc. e half a prayer against the chapel hill gang? michael: i have become a big villanova fan today. if they shoot 75% again they have a shot. tom: for those of you worldwide -- i don't know what the equivalency is at rugby. help me. the level of hatred here is off the charts. caroline: off the charts. tom: that first duke unc thing you go to, it is part of the fabric of the south isn't it? caroline: it is everything -- sallie: it is everything. evil versus good. devil versus angel. private school versus state school. new jersey versus north carolina. it is big. where is duke in the tournament? what happened? michael: we are still polishing our trophy from last year. [laughter] sallie: you keep at that because we are playing tonight. there.t's leave it michael moore, thanksgiving so much are you the duke backdrop of the river thames. dartmouth has not played in a final four since time began. david lynch flour will join us with important comments this weekend on a need for fiscal stimulus. f
we have michael moore from duke university. sallie krawcheck of unc. e half a prayer against the chapel hill gang? michael: i have become a big villanova fan today. if they shoot 75% again they have a shot. tom: for those of you worldwide -- i don't know what the equivalency is at rugby. help me. the level of hatred here is off the charts. caroline: off the charts. tom: that first duke unc thing you go to, it is part of the fabric of the south isn't it? caroline: it is everything -- sallie: it...
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Apr 29, 2016
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for more, let's bring in michael moore in london. what's he been up to then? overzealous? ael: some are saying what did you expect? he was head of the integrity committee on the board. a long time attorney brought in to kind of clean up the banks compliance and controls, and apparently he went about that very aggressively, and there's been some criticism of deutsche that they haven't wrapped up these probes quick enough, they've been spending too much money on the legal side. so there are issues here, but some people are saying, you know, this is what you asked him to do. mark: exact. the chairman acts like that, he actually heralded his arrival, didn't he? michael: it seems there was a split sometime over the last couple of years as these legal ssues heated up. mark: banks of all size and geographic location have to deal with it. let's talk about r.b.s. today, michael. we had a larger than expected forecast loss. what was behind that? michael: the part that we knew about was the payment to the u.k. government, the dividend access share to try to start the process of gettin
for more, let's bring in michael moore in london. what's he been up to then? overzealous? ael: some are saying what did you expect? he was head of the integrity committee on the board. a long time attorney brought in to kind of clean up the banks compliance and controls, and apparently he went about that very aggressively, and there's been some criticism of deutsche that they haven't wrapped up these probes quick enough, they've been spending too much money on the legal side. so there are...
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Apr 14, 2016
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here was an american, michael moore, telling the truth about america with a k if you will and we forget when we think about the cadence of radicalization for men like that we think it comes from radical clerics or guys like that. in fact, a lot of it comes from the products of american culture itself, particularly products on the radical left which are plainly that america is the agent of all the evil in the world, that we are oppressing muslims throughout the world. theyare also consuming this kind of information. they are just acting on it. heather: goes so far as to some of their leaders, osama bin laden . >> osama bin laden when he was arrive issued these. alex beaches and would often quote the works of the radical mit professor noam chomsky. a lot of young american people when they were undergraduates read noam chomsky and we sort of scratched our heads and said what's that about? the guy seems a little unhinged but some people actually believe this stuff. in the 1970s many of the iranians who would later become leaders of the iranian revolution, they were schooled in american univ
here was an american, michael moore, telling the truth about america with a k if you will and we forget when we think about the cadence of radicalization for men like that we think it comes from radical clerics or guys like that. in fact, a lot of it comes from the products of american culture itself, particularly products on the radical left which are plainly that america is the agent of all the evil in the world, that we are oppressing muslims throughout the world. theyare also consuming this...
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Apr 3, 2016
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michael moore, the great economic scholar, in his book " stupid white man," which is a good title for his book, blamed the faith of indian -- the fate of indian reservations on capitalism. of course, indian reservations are pure socialism. -- he rails he does against stupid union leaders who negotiate temporary wage cuts to save the jobs of the members. the smart ones are the ones who do not do that. the company goes bankrupt and everyone loses their job. those of the smart ones. and this is a guy who has a book called "stupid white men." and then there is the book med."d "nickel and dine on has been a big celebrity college campuses. her book is used for freshman seminars everywhere and she makes these remarkable fasttific discoveries that food job soon up a very much. that is pretty much what she says. he in the end, she makes a pitch for the wonderful program of more public housing subsidies, higher minimum wages, and all the things that have been proven to be failures for many decades now. end the book with a discussion of some of these ongoing attacks on capitalism. maybe that is
michael moore, the great economic scholar, in his book " stupid white man," which is a good title for his book, blamed the faith of indian -- the fate of indian reservations on capitalism. of course, indian reservations are pure socialism. -- he rails he does against stupid union leaders who negotiate temporary wage cuts to save the jobs of the members. the smart ones are the ones who do not do that. the company goes bankrupt and everyone loses their job. those of the smart ones. and...
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Apr 21, 2016
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. >> michael moore with the museum in san francisco says the u.s. treasury secretary had plenty of historical figures to choose from but abolitionist harriet tubman is a perfect fit for the $20 bill. >> so many school children hear about her at a very early stage of her life. also it's connected to freedom and the whole idea of correcting a wrong in our history is also very important. so she encompasses so much. >> the u.s. treasury secretary says it's unclear how soon her face will appear on the bill but adds it will get off the ground quickly. president andrew jackson won't disappear entirely rather his photo will be moved to the back. >>> the treasury secretary announce it had back of the $10 bill will also be redesigned featuring leaders of the suffrage movement. that is expected to enter circulation by the year 2020. >> the more we can use the symbolic steps to address our history and relate it to our contemporary time. i think it's a very significant thing had to. >> tubman was active during the civil war. and the first woman in the war to lea
. >> michael moore with the museum in san francisco says the u.s. treasury secretary had plenty of historical figures to choose from but abolitionist harriet tubman is a perfect fit for the $20 bill. >> so many school children hear about her at a very early stage of her life. also it's connected to freedom and the whole idea of correcting a wrong in our history is also very important. so she encompasses so much. >> the u.s. treasury secretary says it's unclear how soon her...
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Apr 15, 2016
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michael moore, have a great weekend.e, i don't understand why the banks in europe report in a couple of weeks. i think it has to do with the loverpbing lunch. -- length of lunch. francine: you already mentioned the five-hour lunch. i have a prubtivity chart. i'll show it to you later. tom: this battle between lacqua and keene. coming up, the deputy managing director to have i.m.f. the background into that crucial friday meeting. i'm gasping. stay with us if i can keep breathing. ♪ francine: welcome back. i'm francine lacqua in london. tom keene, he's in new york. let's get straight to the bloomberg business flash. here is caroline hyde. caroline: first quarter market share reached a five-year low. v.w. brand's made up 23.4% of new registrations down from 2424.4% a year ago. that was v.w.'s worse showing for the period since 2011. mangroup, the largest traded says sales of $155.1 billion offset $4.6 billion in redemptions. mangroup shares have fallen almost 14% this year compared to a drop of 18% on the stoxx 600 index. t
michael moore, have a great weekend.e, i don't understand why the banks in europe report in a couple of weeks. i think it has to do with the loverpbing lunch. -- length of lunch. francine: you already mentioned the five-hour lunch. i have a prubtivity chart. i'll show it to you later. tom: this battle between lacqua and keene. coming up, the deputy managing director to have i.m.f. the background into that crucial friday meeting. i'm gasping. stay with us if i can keep breathing. ♪ francine:...
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Apr 13, 2016
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finance, michael moore joins us to discuss earnings season. very good to see you.et to be a pretty dismal quarter. i am not sure that is the work, i gadfly piece that is a deathointing, dreadful words you can apply. lot of: there is a things working against the banks right now. you know, not just the market turmoil that we have seen both in the trading and investment banking side. but also you have the energy issues. you know, banks have added to the reserves for those energy loans over the last year. and a lot of analysts expect that to continue in the first quarter. you had interest rates, the yield-curve kind of flattening. that may have put pressure as well. and you have markets being down. wealth andpacts asset management businesses as well. so there is a lot of headwind for the banks this quarter. manus: there is also a credibility of strategy in terms of pressure, some shocking news from credit suisse, not aware of the risk that has been heaped on the bank. just trying to convince the market he has a hand on it. and you have the about-face at deutsche bank,
finance, michael moore joins us to discuss earnings season. very good to see you.et to be a pretty dismal quarter. i am not sure that is the work, i gadfly piece that is a deathointing, dreadful words you can apply. lot of: there is a things working against the banks right now. you know, not just the market turmoil that we have seen both in the trading and investment banking side. but also you have the energy issues. you know, banks have added to the reserves for those energy loans over the...
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Apr 5, 2016
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no one was happier than michael moore of duke university. michael, this is great for basketball.y in london engaged in college basketball madness in america? >> i think that game ended at 4:00 a.m. here, so, no, not many people were aware of it. you need to bring sallie krawcheck back on. tom: [laughter] francine: i tried it to banter with madame lagarde. we joked, but it was very american. she is way too european. it's all about the banks. an exclusive interview with a credit suisse co. he was asked by rishaad on the penama papers -- where they really impacted by the allegations of the swiss banks? many swiss bankers referred them to panamanian lawyers. >> we only do it if they a legitimate purpose. every client has to certify to us that he's compliant, otherwise they have to leave the bank. and then there is a structure that is beneficial, and we insist on knowing who is the beneficial owner or we will not engage in business with that entity. francine: michael, how much do we know about current swiss practices for private claims? are these things that haven't put behind them? n
no one was happier than michael moore of duke university. michael, this is great for basketball.y in london engaged in college basketball madness in america? >> i think that game ended at 4:00 a.m. here, so, no, not many people were aware of it. you need to bring sallie krawcheck back on. tom: [laughter] francine: i tried it to banter with madame lagarde. we joked, but it was very american. she is way too european. it's all about the banks. an exclusive interview with a credit suisse co....
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Apr 13, 2016
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michael moore joins us now from london. the first thing people would have looked at come apart from the overall numbers, the exposure to oil and gas. what did we learn there? >> provisions their continued to move higher come over $500 million -- that continues to be a spot. on the metals and mining front, they set up another $160 million there. all of commodities is an issue. jon: a lot of stories in the first quarter. a lot of them were scary, primarily around the potential of -- that profitability would fall. you don't see it in the numbers, story spoiled by the facts in today's numbers. would you say that? michael: this is a story of lowered expectations. roe was not great, only 9% for the company. that interest margin continue to climb. to see be interesting whether that is a jpmorgan specific story and whether they have some advantages with their deposit base there or whether other banks can do the same. a 2.3%, the net interest margin definitely higher than analysts had anticipated. david: return on tangible equity, h
michael moore joins us now from london. the first thing people would have looked at come apart from the overall numbers, the exposure to oil and gas. what did we learn there? >> provisions their continued to move higher come over $500 million -- that continues to be a spot. on the metals and mining front, they set up another $160 million there. all of commodities is an issue. jon: a lot of stories in the first quarter. a lot of them were scary, primarily around the potential of -- that...
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Apr 19, 2016
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my special thanks to bloombergs michael moore. lebovitz, thank you.forward to "bloomberg markets" with betty liu and mark barton. >> we are following that explosive story of a criminal inquiry by the sec. we're going to go through that with our news reporter. a.m., a10:00 subcommittee in congress is going to take a look or investigate the encryption battle between law enforcement and companies, in particular apple. the general counsel will be testifying before the congressional committee. we will keep our eye on headlines coming out of that. i do not know if you are surely temple fans, but her blue diamond ring is going to be auctioned off this week by sotheby's. i do not even want to know the price tag. the back story is that she was given that diamond ring by her father when she was 12 years old. we are going to be featuring that later. now you know what to get your significant other. [laughter] vonnie: or your 12-year-old daughter. thank you so much. at what islook ahead coming up later today. ♪ vonnie: this is "bloomberg ." i am vonnie quinn.
my special thanks to bloombergs michael moore. lebovitz, thank you.forward to "bloomberg markets" with betty liu and mark barton. >> we are following that explosive story of a criminal inquiry by the sec. we're going to go through that with our news reporter. a.m., a10:00 subcommittee in congress is going to take a look or investigate the encryption battle between law enforcement and companies, in particular apple. the general counsel will be testifying before the congressional...
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Apr 27, 2016
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betty: thank you so much, michael moore of bloomberg news on barclays's latest report. bill winters painting the picture of a portfolio in good shape as well after he took over at the bank last summer. he is liquidating some assets. winters sat down with francine lacqua. bill: it has been going well. it is what attracted me in the first place. the franchise's great history, clients that of the bank well and like -- like the bank a lot. problems were expected, the external environment would be challenging. ire we are one year since agreed to join and it's everything i expected. we have a great underlying franchise and a ton of opportunity. ashave a ton of problems well, which i tried to be transparent about. we set out a robust program of actions and we are doing it. we announced our earnings today. the profitability is poor. we said we would do a bunch of things and we are doing them. the market took earnings as something of an encouraging sign. i believe what the market understands is what our clients have always known. there is a ton of business for us to do. francine
betty: thank you so much, michael moore of bloomberg news on barclays's latest report. bill winters painting the picture of a portfolio in good shape as well after he took over at the bank last summer. he is liquidating some assets. winters sat down with francine lacqua. bill: it has been going well. it is what attracted me in the first place. the franchise's great history, clients that of the bank well and like -- like the bank a lot. problems were expected, the external environment would be...
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Apr 27, 2016
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michael moore, thank you. michael heads are banking coverage in the u.k.oming up in the next hour, conversation with ahead of the european stability mechanism klaus regling. guess what? we will be talking about greece. that exclusive interview coming up at 6:00 a.m. in new york and 11:00 a.m. in london. ♪ francine: vonnie: in washington dc, where looking at a buzz or a tremor in washington, d.c. after last night's primary. for donaldg night trump and hillary clinton. for dominating wins in primaries. margaret joins us on the phone pitch is headed to that he capital..c., t donald trump is less than 300 delegates shy of that magic number. did cruz and kasich team up to late? margaret: they will find out next week when we see the next major test in indiana, nxt tuesday. -- next tuesday. there is still a way to stop donald trump but it is difficult for either of them to make the case they are the natural nominee. after the sweep in the five states last night, it is increasingly difficult to suggest he does not have a massive wave of support behind him in the r
michael moore, thank you. michael heads are banking coverage in the u.k.oming up in the next hour, conversation with ahead of the european stability mechanism klaus regling. guess what? we will be talking about greece. that exclusive interview coming up at 6:00 a.m. in new york and 11:00 a.m. in london. ♪ francine: vonnie: in washington dc, where looking at a buzz or a tremor in washington, d.c. after last night's primary. for donaldg night trump and hillary clinton. for dominating wins in...
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Apr 15, 2016
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michael moore joins us now with the rest of the details. thank you so much for coming on. of measures are we talking about? >> this is kind of across-the-board, not just laying off people, cutting deeper than they normally cut this time of year, but expenses, travel, anywhere they can find cost-cutting, they are doing it. they are expected to have a drop in first-quarter revenue. francine: is this surprising? this is what all of their rivals are doing. >> in that way, it is not surprising. a said, not only are we cutting costs, we've got moorman to cut. banks are trying to wait for revenue to turn around. until then, they've got to control what they can control. had j.p. morgan kicking off earnings season from banks. on the trading business, it wasn't as bad as expected. >> especially j.p. morgan. a lot of warnings came out in early march about the trading business. it wasn't quite as bad as had been feared. march was a little bit better. the rates trading business was very active. you saw some activity pick up there. quite domerica didn't as well as jpmorgan in part becau
michael moore joins us now with the rest of the details. thank you so much for coming on. of measures are we talking about? >> this is kind of across-the-board, not just laying off people, cutting deeper than they normally cut this time of year, but expenses, travel, anywhere they can find cost-cutting, they are doing it. they are expected to have a drop in first-quarter revenue. francine: is this surprising? this is what all of their rivals are doing. >> in that way, it is not...
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Apr 27, 2016
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francine: michael moore, great to have you in the studio.are back with the rob carnell to talk about brexit. trump extends his lead for the white house. we have the latest for you from the u.s. next. ♪ francine: welcome back. the presidential candidate donald trump and hillary clinton have trounced their rivals in the latest easter state primaries. some says -- eastern state primaries. trump says -- hillary clinton. but only card she has is the woman card. she has nothing else going. if hillary clinton were a man, i don't think she would get 5% of the vote. the only thing she has going is the woman's card. the beautiful thing is women do not like her. look how well i did with women tonight. showman. he is a great clinton who won four out of five states hit back. >> mr. trump accused me of playing the "woman card." well if fighting for women's health care and paid family leave and equal pay is playing the woman card then deal me in. francine: let's get to our senior white house correspondent for the latest. margaret, they are having a lot of
francine: michael moore, great to have you in the studio.are back with the rob carnell to talk about brexit. trump extends his lead for the white house. we have the latest for you from the u.s. next. ♪ francine: welcome back. the presidential candidate donald trump and hillary clinton have trounced their rivals in the latest easter state primaries. some says -- eastern state primaries. trump says -- hillary clinton. but only card she has is the woman card. she has nothing else going. if...
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Apr 12, 2016
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mark: let's bring in michael moore who covers the structural changes reshaping global banks for bloomberg news are you thank you for joining us. what do we know? does it seem as though nomura is closing down its european equity operations? michael: it seems like it is significantly pulling back from that business. a still going to be a presence here in terms of japanese stocks and clients. certainly this is a significant cut in the european and u.s. businesses for nomura. mark: back in 2008 it bought lehman's european and asian office. since then it has been expanding and contracting its overseas business. can it make up its mind whether it wants overseas business? michael this seems to be pulling back significant way from that. they have not been profitable in their overseas businesses. they bought the lima business trying to bring that -- the lisman business trying to bring that up the scale. it has not gone to the point where they can make money off of it. you see banks across the globe pulled back to their home regions or areas that they specialize in. you have seen that with barclays
mark: let's bring in michael moore who covers the structural changes reshaping global banks for bloomberg news are you thank you for joining us. what do we know? does it seem as though nomura is closing down its european equity operations? michael: it seems like it is significantly pulling back from that business. a still going to be a presence here in terms of japanese stocks and clients. certainly this is a significant cut in the european and u.s. businesses for nomura. mark: back in 2008 it...
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Apr 26, 2016
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. >> michael moore has threatened to leave, sean penn said he would leave.gral garrafolo. >> speech trials over there that would be fun for denham. she doesn't like speech, either. >> who has endorsed donald trump and what would happen if hillary clinton wins? i'm thinking gee whiz, what's the name of that -- that, those some of these people who have endorsed trump? i don't think they're even lena dunham b-list celebrities, they're like c-list celebrities. >> the dude that -- the that catches the animals in the south. >> you mean "duck dynasty"? >> yes. >> what is wrong with you? >> i can never figure out what they do for a living. >> i always forget what they do for a living. >> duck calls. >> "duck dynasty". >> do you know the money they've made in the duck call business. >> duck dynasty sounds to me like a chinese restaurant. >> it's quite entertaining and they're a lovely family. >> i'm jealous of their life. >> i hope the robots come to get you. >>> dana, thoughts? >> well, i agree with everything. i don't think these celebrities ever really follow thro
. >> michael moore has threatened to leave, sean penn said he would leave.gral garrafolo. >> speech trials over there that would be fun for denham. she doesn't like speech, either. >> who has endorsed donald trump and what would happen if hillary clinton wins? i'm thinking gee whiz, what's the name of that -- that, those some of these people who have endorsed trump? i don't think they're even lena dunham b-list celebrities, they're like c-list celebrities. >> the dude...
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Apr 3, 2016
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you know what this is, it looks like something michael moore might vomit after binging ben and jerryfa that hugs you. it's from south korea but is meant for american students that need a safe space from everything. this week wussy students came unhinged after coming across trump 2016 and they compared such messages to the confederate flag which may be a compliment and the university of north carolina held a competency workshop otherwise known as hell asking the brats to examine white privilege. being able to use flesh colored band-aids that match your skin. band-aids are racist because they're beige. i guess -- i guess arm casts are worse than hitler. now, the word of the day is a accommodation. cowardice, trump's moral character as we lost the will to condemn any idiocy which brings me back. if anything we need the opposite. well maybe not that far but i'm thinking of a whole line of campus furniture. instead after a sofa that hugs you one that electrocutes you or a phi ton, if you lay on it if you worked harder you'd have a real bad like normal people. i had a few ton. i had a few
you know what this is, it looks like something michael moore might vomit after binging ben and jerryfa that hugs you. it's from south korea but is meant for american students that need a safe space from everything. this week wussy students came unhinged after coming across trump 2016 and they compared such messages to the confederate flag which may be a compliment and the university of north carolina held a competency workshop otherwise known as hell asking the brats to examine white privilege....
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Apr 12, 2016
04/16
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michael moore joins us now from london. this is just another from the slew of banking headlines where parts of operations are shutting down. when do we see the end? michael: i think it will be a while yet before we see the end of it. a lot of banks have been cutting back and we see that today with citigroup. there is a number of headwinds, whether it is regulatory or the market environment, and until those let-up, this is not the end. david: i will confess, i have not been following this closely. i understand they are ranked 49th in equities in europe with a 2.2% market share? michael: right. hey tried to build up in the equities business and never got to the scale where it made sense and it was profitable. they were running at a loss outside of japan for a while now. so as you say, this was not a business that seemed like it was going to turn around soon. that is why you are seeing the cuts. jonathan: stick with us. i want to bring in matt. story?s just a baking pulling out of europe and cutting jobs? it is a difficult stor
michael moore joins us now from london. this is just another from the slew of banking headlines where parts of operations are shutting down. when do we see the end? michael: i think it will be a while yet before we see the end of it. a lot of banks have been cutting back and we see that today with citigroup. there is a number of headwinds, whether it is regulatory or the market environment, and until those let-up, this is not the end. david: i will confess, i have not been following this...
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Apr 15, 2016
04/16
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BLOOMBERG
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joining us now is michael moore, bloomberg's finance reporter out of london. are investors reacting to what is going on at goldman? michael: this is certainly in reaction to the environment and what investors want typically when you have a tough environment. they want you to control what you can, and that is more on the cost side than the revenue side right now. this should be well received. jon: that is a big question, isn't it? the kind of expensive cuts we are talking about are expensive, people going down and having extravagant meals, people going from one office to another in europe. they are the types of things that they want to cut back on. is there enough space there? michael: it is not as big of a piece as taking a big chunk out of the competition or the headcount, but it is more immediate. as you mentioned, when you do a big layoff, you have severance costs and it can take almost a year until you start seeing some of those savings. this is more immediate, but it is more tweaking on the edge. it is trying to whether a storm here. vonnie: a couple of th
joining us now is michael moore, bloomberg's finance reporter out of london. are investors reacting to what is going on at goldman? michael: this is certainly in reaction to the environment and what investors want typically when you have a tough environment. they want you to control what you can, and that is more on the cost side than the revenue side right now. this should be well received. jon: that is a big question, isn't it? the kind of expensive cuts we are talking about are expensive,...
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Apr 15, 2016
04/16
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BLOOMBERG
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michael moore joins us now. start off with what he wants to do. it is really kind across the board. it is headcount, travel, entertainment. they are cutting whatever they can cut. blonde -- beyond that. this is going line by line and cutting wherever they can cut. guy: this is about how long we can tease out what is happening. it feels for a similar to what we saw at j.p. morgan. hasael: he philosophy always been to take the little steps now so that we can avoid having -- feeling pressured to do something major in a year. they can keep their returns in the double digits. oft he doesn't face the type pressure you're seeing at the european bank to really get out of major businesses. that is what he is trying to avoid. when you look at how the market is reacting so far, he is knocking on the wrong door as well, isn't he? that seems to be rewarding. michael: we know the top line is looking tough right now. you have to find something in the middle. that keeps the bottom line moving. i am assuming is market information is pretty good. michael: a lot of
michael moore joins us now. start off with what he wants to do. it is really kind across the board. it is headcount, travel, entertainment. they are cutting whatever they can cut. blonde -- beyond that. this is going line by line and cutting wherever they can cut. guy: this is about how long we can tease out what is happening. it feels for a similar to what we saw at j.p. morgan. hasael: he philosophy always been to take the little steps now so that we can avoid having -- feeling pressured to...
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Apr 13, 2016
04/16
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BLOOMBERG
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let's bring in our banking reporter michael moore, and the global head of equity derivatives strategyp. we have been told it is going to bad. how bad is it going to be? michael: pretty bad. there have been a number of headwinds not just on the negative trading front but also if you look at low losses, the energy price issue has reared its head again. people are expecting higher provisions for those loans, and you also have the interest rate environment not helping. there are number of things. bad. how bad is it going to be? michael: pretty bad. there have been a number of you also have wealth and asset management, the lower stock prices and market values hurting that as well. every business is facing something this quarter. e trying to show that they can cut costs to offset this, but certainly, there are a number of issues. guy: i think the news and here's why. we do this was coming. they have all told us. listen to them all -- he told us is going to be ugly. the market is ready -- is it? michael: to a large extent, yes. if you look at analyst estimates such as consensus estimates, th
let's bring in our banking reporter michael moore, and the global head of equity derivatives strategyp. we have been told it is going to bad. how bad is it going to be? michael: pretty bad. there have been a number of headwinds not just on the negative trading front but also if you look at low losses, the energy price issue has reared its head again. people are expecting higher provisions for those loans, and you also have the interest rate environment not helping. there are number of things....
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Apr 12, 2016
04/16
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are managing editor for finance is in milan; michael moore is with us here on set.nd eric nielsen also joins us. when you look at the italian banking system -- this was in the waiting for a long time. the fund is $5.7 billion. to me, it strikes me as quite small. will they actually have to make it bigger to show investors that they need business? >> well, gets a little early to tell whether they will need to go bigger. certainly, the scale of the problem is large as you point out. italian banks are sitting on billions of euros of bad debt. and you have a couple banks in the next couple weeks seeking to raise north of 3 billion euros to bolster capital. 5 billion euros doesn't sound like an awful lot. but it will be in the detail -- we don't know who will be participating and with what amount. and the market over the last couple days -- that have reacted pretty positively to the rally. it took a bit of a breather today. there is a little bit of time to consider what the details are, but the scale of the problem is large. we had one guest saying that given the numbers
are managing editor for finance is in milan; michael moore is with us here on set.nd eric nielsen also joins us. when you look at the italian banking system -- this was in the waiting for a long time. the fund is $5.7 billion. to me, it strikes me as quite small. will they actually have to make it bigger to show investors that they need business? >> well, gets a little early to tell whether they will need to go bigger. certainly, the scale of the problem is large as you point out. italian...
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Apr 29, 2016
04/16
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vonnie: thank you to michael moore. ,oming up monday, carl weinberg chief economist at high frequencyll join us. it is 6:00 a.m. in new york, 11:00 a.m. in london. ♪ vonnie: good morning. you are watching "bloomberg surveillance." it is time for my morning must-read. i wanted to bring something in about brexit. there was a huge penalty on the implications of brexit, including several former -- including several high profile european guests. the polls i chose it from our bloombergberg -- a columnist. he says -- vonnie: he is not mincing any words, but some of the pro-europe dissidents -- the areeurope participants saying what he is saying. francine: i had not thought about what mario monti was saying, but he was saying the problem is an internal belief from the campaign that they would be able to negotiate a trade deal, both with the u.s. and european partners. he was talking about donald trump and saying there is such a wave of isolationism not only for the u.k. because they want to have a referendum, but from everywhere around the world, that it would be highly unlikely that they wou
vonnie: thank you to michael moore. ,oming up monday, carl weinberg chief economist at high frequencyll join us. it is 6:00 a.m. in new york, 11:00 a.m. in london. ♪ vonnie: good morning. you are watching "bloomberg surveillance." it is time for my morning must-read. i wanted to bring something in about brexit. there was a huge penalty on the implications of brexit, including several former -- including several high profile european guests. the polls i chose it from our...
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Apr 28, 2016
04/16
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julian emanuel, thank you for an us and michael moore, going through what deutsche bank has done. on my data board. we do not see that many bank surprising to the upside. so, this is what the markets are doing. deutsche bank gaining 2%. a little bit of pressure on european stocks. one we are watching out for is yen. 1.082. not delivering what markets were expecting. -- 108.2. ♪ vonnie: you are watching bloomberg "surveillance." we are looking at some forex moves. you have the dollar-yen, 108.13. yen strengthening after the bank of japan said nothing is changing, nothing except moving its target for 2% by end of the year. euro experience in same thing. we a seeing the chinese renminbi strengthening versus the u.s. dollar. i just do want to point out that greece's creditors are leaving assets and citing progress towards in a court. that is the latest we have -- citing progress towards an accord. judeine: abant to buy st. medical. that means the deal is valued at $25 billion. we are talking with julian ceo's we feelen confident enough to do these mega deals. 7%.reflects a premium o 3
julian emanuel, thank you for an us and michael moore, going through what deutsche bank has done. on my data board. we do not see that many bank surprising to the upside. so, this is what the markets are doing. deutsche bank gaining 2%. a little bit of pressure on european stocks. one we are watching out for is yen. 1.082. not delivering what markets were expecting. -- 108.2. ♪ vonnie: you are watching bloomberg "surveillance." we are looking at some forex moves. you have the...
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Apr 28, 2016
04/16
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michael moore's in london. investors are digesting it. what are the key takeaways here?are little bit relieved. is not as bad as it could've been. thatey take away here is they may have more time to build up a capital. they have indicated that regulators may find those takes off the likelihood that they'll have to pass investors with an equity rate. this is major for the shares. i think that has been a point of relief for investors. also, with trading while down is not as bad. in terms of comparison from the u.s. banks, how did a fair? >> on the tray inside they were down a little more on the u.s. banks. so, they held up recently well. they did not have any major league major legal charges. it is a consistent theme for them. that helped get them to their profit. i have to run. thank you so much. david: coming up, representatives for international representatives may have reportedly made important progress this morning. there is no better man to discuss that with then charles salah rock. john: this is bloomberg go. earlier, authorities of left athens with a newfound bailo
michael moore's in london. investors are digesting it. what are the key takeaways here?are little bit relieved. is not as bad as it could've been. thatey take away here is they may have more time to build up a capital. they have indicated that regulators may find those takes off the likelihood that they'll have to pass investors with an equity rate. this is major for the shares. i think that has been a point of relief for investors. also, with trading while down is not as bad. in terms of...
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Apr 29, 2016
04/16
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i want to bring in michael moore from london.he first question everyone is trying to get a handle on is whether this is about an executive board member that overstepped the mark, or whether this factors into the overall program of keeping costs down. which one is it at this point? michael: i think that is the big question. i think we are trying to figure that out. hasan, the -- deutsche bank been criticized for not just being slow but for spending so much on these investigations and not wrapping up the outside probes quicker. it has been an overhang for several years. john cryan has said he wants to be this up. but this is a very unusual situation, the cousin of the public nature of the fighting. having multiple board members coming out and speaking out against another board member, not something you see very often. jon: is this the end of the argument? it came to light a couple of weeks ago before the deutsche bank numbers came out. is it the end of the argument on who was the peacemaker, who made it a final decision to push thi
i want to bring in michael moore from london.he first question everyone is trying to get a handle on is whether this is about an executive board member that overstepped the mark, or whether this factors into the overall program of keeping costs down. which one is it at this point? michael: i think that is the big question. i think we are trying to figure that out. hasan, the -- deutsche bank been criticized for not just being slow but for spending so much on these investigations and not...
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Apr 17, 2016
04/16
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michael. i can't -- it is just childhood. nostalgia, glory days. >> wes moore, dissenting opinion. >> michael jordan is the best player in the history of basketball. steph curry has had the best season we have ever seen. i mean, over 400 three-pointers in a single year. and here is the thing, if you look at how the bulls would have compared, who steph curry, harper? this is a team who has done things that we haven't seen in basketball before. and they beat, you know, the spurs this year arguably also maybe a top ten, top 12 team in history. golden state beat them by 30. this team is special. and i always say nostalgia, but it is tough to argue about what they're doing. >> michael jordan on line one for you. he would like a word with you. before we go, i have to show you this picture, in japan, chimpanzee escaped from the zoo. i don't know what to say. i wanted to show you that picture. unbelievable. planet of the apes stuff. next, the highs and lows of the week including america's greatest toddler. we'll begin to campaign to get this 2-year-old on the $10 bill.
michael. i can't -- it is just childhood. nostalgia, glory days. >> wes moore, dissenting opinion. >> michael jordan is the best player in the history of basketball. steph curry has had the best season we have ever seen. i mean, over 400 three-pointers in a single year. and here is the thing, if you look at how the bulls would have compared, who steph curry, harper? this is a team who has done things that we haven't seen in basketball before. and they beat, you know, the spurs this...
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Apr 29, 2016
04/16
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we're joined by michael searles, benjamin moore's president and ceo. and sam taylor.ink you have a pretty good idea what's happening with the american consumer. you can see when they are feeling flush, when they are not. and i'm hoping you can give us insight about that. sam, oriental trading has catalogs that go out across the country and a website. and people are buying crafts and all kinds of things like that. what are you seeing right now in terms of how flush people are feeling? >> first of all we're coming off our best year in nine years. this year we're seeing it's gotten a little more challenging to drive the top line. >> a reflection with gopd overall. >> especially in the consumer segment. we sell to organizations, schools and businesses, and to churches. and the more chojing is the consumer piece. orders are up but average order is down. a very strong easter season. and easter was a week shorer. we push on the marketing. there. sales were up for easter almost 5%. birthday is strong. parties. but some of the more every day type of business. so it feels like
we're joined by michael searles, benjamin moore's president and ceo. and sam taylor.ink you have a pretty good idea what's happening with the american consumer. you can see when they are feeling flush, when they are not. and i'm hoping you can give us insight about that. sam, oriental trading has catalogs that go out across the country and a website. and people are buying crafts and all kinds of things like that. what are you seeing right now in terms of how flush people are feeling? >>...
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Apr 14, 2016
04/16
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KRON
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can see it has 73 on michael who were from to michael jordan bulls of the 1995 team a dynasty that won a 72 they're trying to beat that record. >>pam moore: we make american students and we hear their incredible story of course our sports director for half of the news on the game coming up at 845-in-the operation busted in the bay area plus a judge has done more will about u.s. passports the acquired he refused to block. >>pam moore: >>: from almost lifeless along highway 101 that to do is just to mark the dog and explained the effort to reunite her return owner. >>reporter: the driver from the badly hurt payable makes on the side of highway 101 and item ride by a washington street which is how she got the name martha and the animal services is and is taking care for now she must wear a conehead wrote rise on the face and lips around and how it had she is hungry for food and attention with no collar or a microchip is a challenge to find owners and since she is very comfortable people seem most likely belongs to someone. the show to does need help paying for her medical bills information on how to help is on a website www.kron4.com >>pam
can see it has 73 on michael who were from to michael jordan bulls of the 1995 team a dynasty that won a 72 they're trying to beat that record. >>pam moore: we make american students and we hear their incredible story of course our sports director for half of the news on the game coming up at 845-in-the operation busted in the bay area plus a judge has done more will about u.s. passports the acquired he refused to block. >>pam moore: >>: from almost lifeless along highway 101...
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Apr 17, 2016
04/16
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michael. i can't -- it's just childhood. the glory days. >> wes moore, the dissenting opinion. >> i think micheal jordan is the best player of basketball. curry has the best season. if you look at how the '96 bulls would have compared. who would have covered him? shut him down is questionable. this is team that has done things. they beat, you know, the spurs this year is arguably also a top ten, top 12 team in history. this team is spisecial. >> we've got michael jordan on line one for you. this is? ja pampa japan. next on sunday today, the highs and lows of the week including america's greatest toddler. we'll begin the campaign to get him a two dollar bill. >> and sunday today already back after your local weather and a short break. >>> we're waking up to temperatures in the 50s and it will be another hot day. we're talking high that is are going to soar. especially by this afternoon under full sunshine. we're talking mid to upper 80s across most of our inland valleys. san francisco today going to be hot even at the coastline. 80 degrees there. hi dad.
michael. i can't -- it's just childhood. the glory days. >> wes moore, the dissenting opinion. >> i think micheal jordan is the best player of basketball. curry has the best season. if you look at how the '96 bulls would have compared. who would have covered him? shut him down is questionable. this is team that has done things. they beat, you know, the spurs this year is arguably also a top ten, top 12 team in history. this team is spisecial. >> we've got michael jordan on...
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Apr 20, 2016
04/16
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>>pam moore: afternoon lows of his arm and a shark attack a reporter michael steadman spoke with a 25 about his friend and counselor for the bulls are all performers beach >>reporter: 25 your kyle sandwich is describing the moment he came face-to-face in was the boy shot to of the palm beach inland by the end of that track the delray beach man found himself in the water surrounded by sharks tile sister was in the middle of really in his fish on the shark was on the attack sinking his teeth into his right arm or a story of survival for lifelong fishermen closest cannot wait to get back on what to, as the counterculture holiday known as for taunting with this year's celebration biggest sign of a bigger movement to come to california. ♪ ♪ you live life your way. we can help you retire your way, too. financial guidance while you're mastering life. from chase. so you can. >>haaziq madyun: a woman and struck and killed by a speeding vehicle driven by a suspect trying to get away from police. >>reporter: the council from certain lorimar of a percent limit on annual rent increases but it is n
>>pam moore: afternoon lows of his arm and a shark attack a reporter michael steadman spoke with a 25 about his friend and counselor for the bulls are all performers beach >>reporter: 25 your kyle sandwich is describing the moment he came face-to-face in was the boy shot to of the palm beach inland by the end of that track the delray beach man found himself in the water surrounded by sharks tile sister was in the middle of really in his fish on the shark was on the attack sinking...
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Apr 28, 2016
04/16
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>>pam moore: there was more drama of my culture his departure from live with kevin michael also thatit plans abroad for princess minneapolis home. >>reporter: principle by just as just a small fixer-uppers' if the new songs are twofers to look however one source as saying that the motion refers to a composite of people. >>gary: is the elimination of them and goes off around 740 to 9 at their random klay thompson and now becomes the no. 1 option comes in chocolate of the play of the man who replaces steph curry. >>gary: a dinner i guarantee you since then everyone tries to get into the act of his the man who was guaranteed and will be an earnest and he will be sincere and will have his right hand of this year. >>reporter: including klay thompson know they will get the lion's share of the possessions to nine they're the ones of a tough to be making the point and despite stuff curtins enjoy it they're confident another complaint without him franklin and down for most of the series and they did it several times that in the regular-season some breaking news that the warriors have granted
>>pam moore: there was more drama of my culture his departure from live with kevin michael also thatit plans abroad for princess minneapolis home. >>reporter: principle by just as just a small fixer-uppers' if the new songs are twofers to look however one source as saying that the motion refers to a composite of people. >>gary: is the elimination of them and goes off around 740 to 9 at their random klay thompson and now becomes the no. 1 option comes in chocolate of the play...
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Apr 27, 2016
04/16
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>>pam moore: he was kidnapped from his home on all mall parkway the time the was never found that the 2011 the police department reexamine the case and identified the 57 there were michaelas a suspect his car is serving a two to six year prison term for three separate child molestation cases of salon accounting is all of the store stands on the transition the bathroom paulsen recently the store knobs on a block that and as a welcoming team members and guests to use the bathroom and side of the store of the preferred gender identity so far the american family association says it has more than half a million signatures gathered of those who promised to boycott the store based on the policy and practice and a said they respect people's perspectives and said that of someone feels uncomfortable they are free to use the single occupancy restrooms. >>gary: the man who built the war years and is on the floor and to the all-time greatest single season record of 73 victories he is the end of this culture the year use of the general manager of in the dark shirt we're pretty sure no major warden and the has never room has ever been won by an individual actions took part in 39 games
>>pam moore: he was kidnapped from his home on all mall parkway the time the was never found that the 2011 the police department reexamine the case and identified the 57 there were michaelas a suspect his car is serving a two to six year prison term for three separate child molestation cases of salon accounting is all of the store stands on the transition the bathroom paulsen recently the store knobs on a block that and as a welcoming team members and guests to use the bathroom and side...
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Apr 27, 2016
04/16
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KRON
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>>pam moore: the town the was never found and 2011 at the fairfield police department called his you never examine the case and identify 57 door michael for jarring as a suspect to data-the tonnage offers a fixed charge them with the kidnapping and, of that child and along this is the need to find people the suspension kicks and officially on may the third east they must serve as 1.3 million customers. >>pam moore: 9 a minute to shona because of the mundane is here. >>rob fladaboe: after a few precious on solve their back on the job and getting into shape and that condemning packing close of five holes in the box hundreds of cards are practicing what is known as the mobile attack seasonal firefighters as well as new recruits also spent many hours in the classroom but there was nothing quite like hands-on experience that these exercises provide the call on as one returning veteran person is to be ready to safely and quickly do whatever the situation calls for without thinking about and. >>: they would demonize and discriminate and hard-working it ever had in muslim americans ask what we need in the fight against radicalization of the t
>>pam moore: the town the was never found and 2011 at the fairfield police department called his you never examine the case and identify 57 door michael for jarring as a suspect to data-the tonnage offers a fixed charge them with the kidnapping and, of that child and along this is the need to find people the suspension kicks and officially on may the third east they must serve as 1.3 million customers. >>pam moore: 9 a minute to shona because of the mundane is here. >>rob...
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Apr 14, 2016
04/16
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the mother is the provost atrovt moore house.m brother is in law school at howard he won't be michaeleicality i person he may be could be obama. i wish president obama probablyo wishes he had his jum >> probably right. so do i. i wish i had a jumper liker either president obama orde oba malcolm or jordan for thatha matter. what's next for david falk. fk what else do you when you're noy business sigh with clients andln charity and other things.anothet >> my mom was teacher.mos tea and so my wave honoring my mom m who past almost 30 years ago today i david failing college i endowed a program call the fm te alk academy of management and entrepreneurship.reursh unlike some people who are richa and unknown i was very welly w known and had no money.ey i very actively involved.nvved i was up at syracuse monday andy tuesday teaching and i really ir enjoy that.t i'll go do that the a good w asa well i he will really enjoy thee chance to look for jubilee. high telethon for theen years for leukemia here in washingtonr and i think when you'reenou privilege like i've been, you be know to come from ve
the mother is the provost atrovt moore house.m brother is in law school at howard he won't be michaeleicality i person he may be could be obama. i wish president obama probablyo wishes he had his jum >> probably right. so do i. i wish i had a jumper liker either president obama orde oba malcolm or jordan for thatha matter. what's next for david falk. fk what else do you when you're noy business sigh with clients andln charity and other things.anothet >> my mom was teacher.mos tea...
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Apr 12, 2016
04/16
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hans: bloomberg's michael moore, we thank you, sir and sharp tie.opean commission has drawn up new laws requiring large companies to make their taxes public. we're live in brussels, where the proposals are due to be announced. ♪ guy: welcome back. you are watching "on the move." we are 53 minutes into the equities session. in just over 30 minutes we get into the inflation figures for the u.k. that will be published this afternoon. we have the imf economic outlook ahead of the spring meeting. we also have three federal reserve presidents speaking. harker will be talking. williams out of san francisco and lacker out of richmond. those are the three you want to watch later. they are starting to reinsert their voices into this debate. hans, what is going on in brussels? hans: you mentioned the european commission. they will announce large companies to make public what they pay in taxes in the eu. the proposed legislation is expected to include eu jurisdictions claimed to be tax havens. jones, who is this going to affect and walkway through the process.
hans: bloomberg's michael moore, we thank you, sir and sharp tie.opean commission has drawn up new laws requiring large companies to make their taxes public. we're live in brussels, where the proposals are due to be announced. ♪ guy: welcome back. you are watching "on the move." we are 53 minutes into the equities session. in just over 30 minutes we get into the inflation figures for the u.k. that will be published this afternoon. we have the imf economic outlook ahead of the spring...