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Aug 5, 2023
08/23
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paul: welcome to the "journal editorial report," i'm paul gigot.t was donald trump thursday following his appearance in federal court in washington where he pleaded not guilty to four felony charges in the latest case brought by special counsel jack smith. the 45-page indictment accuses the former e president of three counts of conspiracy and one count of obstruction for his alleged efforts to overturn the results of the 2020 election. culminating in the january 6th attacks on the u.s. capitol. here's the special counsel tuesday after the charges were handed up. >> the attack on our nation's capitol on january 6th, 20211, was an unprecedented assault on the seat of american democracy. as described in the indictment, it was fueled by lies. if lies by the defendant targeted at obstructing a bedrock function of the u.s. government, the nation's process of clerking, counting and certifying -- collecting, counting and certifying the results of the presidential election. paul: let's bring in "wall street journal" columnists dan dan henninger kim strassel
paul: welcome to the "journal editorial report," i'm paul gigot.t was donald trump thursday following his appearance in federal court in washington where he pleaded not guilty to four felony charges in the latest case brought by special counsel jack smith. the 45-page indictment accuses the former e president of three counts of conspiracy and one count of obstruction for his alleged efforts to overturn the results of the 2020 election. culminating in the january 6th attacks on the...
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Aug 17, 2023
08/23
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what do you make of it paul? i words are sobering. what do you make of it paul? ~ �* , of it paul?nk leigh ann is riaht and of it paul? i think leigh ann is right and that _ of it paul? i think leigh ann is right and that russia - of it paul? i think leigh ann is right and that russia risk- of it paul? i think leigh ann is - right and that russia risk provoking reaction _ right and that russia risk provoking reaction from nato which it would react _ reaction from nato which it would react if _ reaction from nato which it would react. if there were to be some kind of minutes_ react. if there were to be some kind of minutes erin carter accompanied by nato _ of minutes erin carter accompanied by nato ships than the whole thing could _ by nato ships than the whole thing could escalate. i don't think nato would _ could escalate. i don't think nato would want to do that but it's shows how desperate russia is getting which _ how desperate russia is getting which might help ukraine, the fact that they— which might help ukraine, the fact that they are resorting to these tactics — that they
what do you make of it paul? i words are sobering. what do you make of it paul? ~ �* , of it paul?nk leigh ann is riaht and of it paul? i think leigh ann is right and that _ of it paul? i think leigh ann is right and that russia - of it paul? i think leigh ann is right and that russia risk- of it paul? i think leigh ann is - right and that russia risk provoking reaction _ right and that russia risk provoking reaction from nato which it would react _ reaction from nato which it would react if...
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Aug 26, 2023
08/23
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paul: mr.ll have enough to mystic semiconductor production here, not depend on taiwan. therefore we can withdraw our support from taiwan in return for a pledge from china not to meddle in the americas. what do you think of that policy idea? >> our interests in taiwan extend beyond semiconductors, primary interest is to prevent the chinese commonest party from dominating the region which they would be able to do if they take taiwan and we allow them to take taiwan, significant consumer semiconductor dominance is the coercive economic power we have, where they have greater economic coercive power if they dominate taiwan given the sheer volume of trade to the indo pacific region. we need to do a better job defending taiwan and explain why that is important. we have many interests, and unable to pursue our treaty commitment to countries like japan and the philippines. this is lifelong ambition. it makes a move in 2025-27-28. each day you should look across the strait and say today is not the day. p
paul: mr.ll have enough to mystic semiconductor production here, not depend on taiwan. therefore we can withdraw our support from taiwan in return for a pledge from china not to meddle in the americas. what do you think of that policy idea? >> our interests in taiwan extend beyond semiconductors, primary interest is to prevent the chinese commonest party from dominating the region which they would be able to do if they take taiwan and we allow them to take taiwan, significant consumer...
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Aug 1, 2023
08/23
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paul, what would you have done? >> paul: left the plane mid flight.ould say is, any time these stories break, and you get them once a week -- first of all what happens in planes, what happens in the area on planes. every time you get on a plane, like the woman last week seeing somebody, you're not there and all that the thing that's so suspicious is they're always good looking young women andr time you drill down there's some tell as you said it's really a career move to be an influencer especially when you look at the recording there were two parents on the flight with the kid. so if that was so bad why didn't one of the parents switch with the kid? right? >> greg: exactly. >> paul: when you look at it there seems to always be something going on and they're worth ignoring. >> greg: i love flying first class i don't always fly first class because i'm a man of the people >> kat: no, that's because you fly people. >> greg: isn't that being a man of the people? but i often will stop by some place and buy the most disgusting magazine i can find and i will
paul, what would you have done? >> paul: left the plane mid flight.ould say is, any time these stories break, and you get them once a week -- first of all what happens in planes, what happens in the area on planes. every time you get on a plane, like the woman last week seeing somebody, you're not there and all that the thing that's so suspicious is they're always good looking young women andr time you drill down there's some tell as you said it's really a career move to be an influencer...
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Aug 21, 2023
08/23
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paul: bloomberg's vonnie quinn there.t is happening on wall street with citigroup considering reshuffling its ranks. su keenan joins us with more on the stories. let's start with goldman. >> this is clearly a continuation of a move for goldman to distance itself from a that into consumer banking. this was the first big signature deal of david solomon so it is noteworthy. the deal to buy united capital, goldman now saying we are evaluating alternatives for that business as we determine where to invest our resources and where we see the greatest opportunity. it is symbolized the earlier effort to expand business lines. the purchase of united gave goldman an instant footprint into the mass affluent market. at the time of the deal united had 220 advisors. it is now at $29 billion which shows you did not grow that much. there has been a lot of internal discontent within goldman because of what is going on. a lot of moves to unwind these initial moves by david solomon to expand goldman. there are many who say goldman should sti
paul: bloomberg's vonnie quinn there.t is happening on wall street with citigroup considering reshuffling its ranks. su keenan joins us with more on the stories. let's start with goldman. >> this is clearly a continuation of a move for goldman to distance itself from a that into consumer banking. this was the first big signature deal of david solomon so it is noteworthy. the deal to buy united capital, goldman now saying we are evaluating alternatives for that business as we determine...
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Aug 29, 2023
08/23
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economics correspondent paul solman has more on the backlash. paul: on wall street, brad lander.our portfolio against risk. diversification protects you against concentration risks, looking at your environmental and social and governing risk protect you against other risks. paul: he sees over $250 billion in pensions and asset funds for new york city teachers, transit workers, and other public employees. if you have retirement obligations, pension obligations in decades, then climate risk is financial risk. paul: in his words, taking on risk, so-called esg risks, is his boushey every responsibility as a -- his boushey every as a long-term investor. that includes reducing greenhouse gas in missions. brad: we've adopted a 0, 3 of our five funds will be that zero by the year 2040, so pretty soon. paul: in 2021, 3 of the five funds he oversees divesting $4 billion from fossil fuel stocks to mugabe risks associated with global warming, he says. brad: if we have disruption of food supply, inc. leased -- increased number of climate refugees, all of those have been financial costs. paul:
economics correspondent paul solman has more on the backlash. paul: on wall street, brad lander.our portfolio against risk. diversification protects you against concentration risks, looking at your environmental and social and governing risk protect you against other risks. paul: he sees over $250 billion in pensions and asset funds for new york city teachers, transit workers, and other public employees. if you have retirement obligations, pension obligations in decades, then climate risk is...
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Aug 12, 2023
08/23
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paul: will summer 15.an: will exactly the republicans have to figure out, where in the spectrum is a way that's going to be acceptable to most people whether it is six weeks or 12 weeks or 15 weeks for the practice, you're going to have to give most people a choice about this issue and then coming towards the future comedy with they have not done in the past 20 educate people about abortion at about the alternatives to abortion for the future. paul: kate the republicans seem split on this end in part because the right to life movement which has been very successful in pushing others to get roe v wade appealed roe v. wade national medicine kinds 15 weeks nationwide mike pence vice president just behind us another republicans say no this should be a state issue and do the antiabortion forces need to basically just thinking here or end up with a regime in someplace is more liberal than row. >> i think you need to adjust of thinking and i was on really encouraged by this statement that said, that ohio issue is
paul: will summer 15.an: will exactly the republicans have to figure out, where in the spectrum is a way that's going to be acceptable to most people whether it is six weeks or 12 weeks or 15 weeks for the practice, you're going to have to give most people a choice about this issue and then coming towards the future comedy with they have not done in the past 20 educate people about abortion at about the alternatives to abortion for the future. paul: kate the republicans seem split on this end...
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Aug 20, 2023
08/23
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paul: thanks. seeing a modest increase in customer stress while inflationary pressures are causing expenses to rise off the extremely in -- off the australian lender. let's bring in adam haigh. what do you know about these inflationary pressures and how they are affecting westpac? adam: this is impacting staff costs. the pressure they are seeing in the labor market just means they are having to continue to lift staff costs, increasingly having to pay their staff more so that is one element really of what we are learning here but really, the broader westech story here is not just the way that inflation is impacting the business but the impact on inflation generally across the economy and of course, it is creating quite a lot of extra stress for borrowers, but at the moment, that seems to be relatively contained and westpac were very clear that although the mortgage delinquency rates are ticking up slowly, they are at a low level. we are not in a situation where banks are seeing a big uptick in consu
paul: thanks. seeing a modest increase in customer stress while inflationary pressures are causing expenses to rise off the extremely in -- off the australian lender. let's bring in adam haigh. what do you know about these inflationary pressures and how they are affecting westpac? adam: this is impacting staff costs. the pressure they are seeing in the labor market just means they are having to continue to lift staff costs, increasingly having to pay their staff more so that is one element...
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Aug 16, 2023
08/23
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paul: a cup half full approach here. these are minutes from a meeting from a few weeks ago and since then we have heard from a few fed managers speak, some of who have been dovish. has enough been done to contain inflation? >> i have one more height coming in november, but i think we are getting close. how long will they have to stay on hold? at this point, i think markets are in a big hurry to transition from no move to easing. i do not think the fed will be that quick to turn direction. kathleen: in terms of what inflation is doing, everyone is focused on headline one the core has stayed so much higher. what did you get from the minutes as you went through them about how that debate is looking? >> you are right, the fed is focused on the court because they are thinking in terms of underlying inflation. it is one thing for gas prices to come down or food prices. but those more sticky prices have not shown quite as much progress as the fed is hoping to see. the other thing that comes out in the minutes is the dichotomy t
paul: a cup half full approach here. these are minutes from a meeting from a few weeks ago and since then we have heard from a few fed managers speak, some of who have been dovish. has enough been done to contain inflation? >> i have one more height coming in november, but i think we are getting close. how long will they have to stay on hold? at this point, i think markets are in a big hurry to transition from no move to easing. i do not think the fed will be that quick to turn direction....
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Aug 20, 2023
08/23
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paul: stefan there.stories we are watching, what a mullins voted in a presidential election on sunday after a campaign marred by u.s. criticism and raise on the election authority. and anticorruption campaigner led despite repeated head -- repeated attempts to disqualify his party. president biden has announced plan for an annual leaders meeting with defendant south korea, was a new hotline for sharing intelligence after the leaders met on friday at camp david. biden said they will launch annual military exercises to take trilateral military cooperation to unprecedented levels and increase information sharing on north korean missile launches and cyber activities. bloomberg has learned the kremlin pressured the russian central bank to raise rates to stabilize the currency, sources say it is part of efforts to tame inflation as vladimir putin prepares to secure a fifth term in next year presidential elections. the government is working on a three year budget will offer additional stimulus as an additional
paul: stefan there.stories we are watching, what a mullins voted in a presidential election on sunday after a campaign marred by u.s. criticism and raise on the election authority. and anticorruption campaigner led despite repeated head -- repeated attempts to disqualify his party. president biden has announced plan for an annual leaders meeting with defendant south korea, was a new hotline for sharing intelligence after the leaders met on friday at camp david. biden said they will launch...
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Aug 8, 2023
08/23
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paul: what is stopping you?is nothing stopping us other than our own process for changing the rules. paul: rules dominated by old zoning restrictions which make conversion of pre-1961 buildings impossible. in lower manhattan, the cutoff was raised in 1977, making 160 water eligible. >> we now support and want to see mixed-use 24 hour neighborhoods, so we are looking to update our own rules to allow for more opportunities for office residential conversion. paul: as cities almost everywhere are, says policy research director matthew murphy. >> any urban place in the country that has office space, we all went through the pandemic. they are all asking the same question. paul: chicago recently announced a plan to turn about a million and a half square feet of vacant downtown office space into mixed income housing. mayors and washington, d.c. and san francisco plan to ease financial burdens to encourage conversions and rollback the zoning restrictions stopping them. architect painters firm has looked at nearly 1000 of
paul: what is stopping you?is nothing stopping us other than our own process for changing the rules. paul: rules dominated by old zoning restrictions which make conversion of pre-1961 buildings impossible. in lower manhattan, the cutoff was raised in 1977, making 160 water eligible. >> we now support and want to see mixed-use 24 hour neighborhoods, so we are looking to update our own rules to allow for more opportunities for office residential conversion. paul: as cities almost everywhere...
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Aug 25, 2023
08/23
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paul? people to not feel bad when cher' alone at restaurants. >> paul: i guess maybe it is. i agree with you this looks like part of the dead part of the summer where you have to write something and let's fill some column spaces. if it is true, all i can say is, i was a trend setter. [laughter]. >> paul: boom. i don't want to talk about it. >> greg: yeah. >> paul: go to kat. go to kat. come on. >> greg: all right, kat. this story's ultimately unprovable. working in the media and doing stories like this for -- especially for women's mags, you would just call up your friends and ask them and say hey, you ever eat alone, and they go yeah, sometimes. all right, can i say you're a graphic designer who's 33? and that's what you used to do kat >> kat: got ya. this isn't real just eating dinner by yourself is a thing a lot of people do without really thinking about it, but the whole tone of the article is this is how you love yourself. i don't think that what we need more of is to be more obsessed
paul? people to not feel bad when cher' alone at restaurants. >> paul: i guess maybe it is. i agree with you this looks like part of the dead part of the summer where you have to write something and let's fill some column spaces. if it is true, all i can say is, i was a trend setter. [laughter]. >> paul: boom. i don't want to talk about it. >> greg: yeah. >> paul: go to kat. go to kat. come on. >> greg: all right, kat. this story's ultimately unprovable. working in...
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Aug 21, 2023
08/23
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paul: thank you. still to come, badri ev registrations fall in china while intense competition ways on the sectors earning. we discussed the move for clean cars. but first, we will see why state street sees the world's economy remaining resilient despite growth slowing along with inflation. we talk market strategy next. this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. i need it cool at night. you trying to ice me out of the bed? constant contact. baby, only on game nights. you know you are retired right? am i? ya! save 50% on the sleep number limited edition smart bed. plus, free
paul: thank you. still to come, badri ev registrations fall in china while intense competition ways on the sectors earning. we discussed the move for clean cars. but first, we will see why state street sees the world's economy remaining resilient despite growth slowing along with inflation. we talk market strategy next. this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start...
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Aug 13, 2023
08/23
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GBN
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yeah. >> i'm going to stop your analogy, paul . analogy, paul. >> i told this to paul before and he saidt was totally reasonable. >> oh, really? you did, paul? well done. you tried to get him fired yourself more work. fired to get yourself more work. louis by. by by a chauffeur louis is by. by by a chauffeur and standard. think the and standard. i think the analogy degree. analogy works to some degree. so what saying if we've what louis is saying is if we've got on this side saying, got people on this side saying, come over as a safe place to come on over as a safe place to come on over as a safe place to come they come and they're come and they come and they're injured we have to injured on the way, we have to take responsibility. take some responsibility. i think, you're saying. think, is what you're saying. yeah, bring yeah, he he was about to bring in other there was kids in some other there was kids involved and we weren't sure. but i think, but but the analogy, i think, does stand up a little bit of does to stand up a little bit of scrutiny. at a total loss scrutiny. i'm at a total
yeah. >> i'm going to stop your analogy, paul . analogy, paul. >> i told this to paul before and he saidt was totally reasonable. >> oh, really? you did, paul? well done. you tried to get him fired yourself more work. fired to get yourself more work. louis by. by by a chauffeur louis is by. by by a chauffeur and standard. think the and standard. i think the analogy degree. analogy works to some degree. so what saying if we've what louis is saying is if we've got on this side...
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Aug 14, 2023
08/23
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GBN
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yeah. >> i'm going to stop your analogy, paul . analogy, paul. >> i told this to paul before and he saidt was totally reasonable. >> oh, really? you did, paul? well done. you tried to get him fired yourself more work. fired to get yourself more work. louis by. by by a chauffeur louis is by. by by a chauffeur and standard. think the and standard. i think the analogy degree. analogy works to some degree. so what saying if we've what louis is saying is if we've got on this side saying, got people on this side saying, come over as a safe place to come on over as a safe place to come on over as a safe place to come they come and they're come and they come and they're injured we have to injured on the way, we have to take responsibility. take some responsibility. i think, you're saying. think, is what you're saying. yeah, bring yeah, he he was about to bring in other there was kids in some other there was kids involved and we weren't sure. but i think, but but the analogy, i think, does stand up a little bit of does to stand up a little bit of scrutiny. at a total loss scrutiny. i'm at a total
yeah. >> i'm going to stop your analogy, paul . analogy, paul. >> i told this to paul before and he saidt was totally reasonable. >> oh, really? you did, paul? well done. you tried to get him fired yourself more work. fired to get yourself more work. louis by. by by a chauffeur louis is by. by by a chauffeur and standard. think the and standard. i think the analogy degree. analogy works to some degree. so what saying if we've what louis is saying is if we've got on this side...
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Aug 13, 2023
08/23
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paul? paul: kathleen, does this point to further declines in china's big economic activity reports we will get tomorrow? kathleen: it makes you wonder if they can do anything but look weaker. we talk about the economic data dump, three big reports and retail sales year-over-year expected, at this hard to a little bit to something like 3.8% from 3.1 percent year-over-year, or excuse me, year to date. no, year-over-year. i have a bunch of numbers in front of me. it is the numbers from the year to date expected to slow from 8.2% to 7.6% in our survey. industrial production is expected to decline a little bit. but, maybe, if you look at the year to date being not a big change, you get the investment figures that are expected to be negative for the second month in a row. bottom line, paul, the people think of china is at the median lending rate and they are supposed to keep it at 2.5 percent again. bloomberg economic index expects them to save up a rate cut until next month. there is a lot of fo
paul? paul: kathleen, does this point to further declines in china's big economic activity reports we will get tomorrow? kathleen: it makes you wonder if they can do anything but look weaker. we talk about the economic data dump, three big reports and retail sales year-over-year expected, at this hard to a little bit to something like 3.8% from 3.1 percent year-over-year, or excuse me, year to date. no, year-over-year. i have a bunch of numbers in front of me. it is the numbers from the year to...
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Aug 16, 2023
08/23
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, paul.reat. >> another apology? yeah, a bunch of personal apologies coming show . so, bunch of personal apologies coming show. so, hmrc coming after the show. so, hmrc crackdown on home loan schemes sold by top advisers could cost individuals thousands. sold by top advisers could cost individuals thousands . so this individuals thousands. so this is all for me about inheritance tax. it's about people trying to avoid it. now, inheritance tax is the most cynical and cruellest forms of tax. to tax the dead to prevent their own family. now we might differ on this, actually, because this is quite a conservative. i don't know if this is a conservative point of view, but for me , i am point of view, but for me, i am for all the people that are trying to avoid this tax and the fact that they are going to get caught after thinking i've avoided it makes me feel very uncomfortable. >> i'm with you, paul. i mean, this this person died in january 2011, more than seven years after she set up a trust in 20
, paul.reat. >> another apology? yeah, a bunch of personal apologies coming show . so, bunch of personal apologies coming show. so, hmrc coming after the show. so, hmrc crackdown on home loan schemes sold by top advisers could cost individuals thousands. sold by top advisers could cost individuals thousands . so this individuals thousands. so this is all for me about inheritance tax. it's about people trying to avoid it. now, inheritance tax is the most cynical and cruellest forms of tax....
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Aug 9, 2023
08/23
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paul, what's the latest?eah, well, we're hearing a little more about how and when this fire began although, as they say, details are still sketchy. although, as they say, details are stillsketchy. it although, as they say, details are still sketchy. it began at 6:30am this morning, local time, which meant most of the people were asleep. they were people who were on holiday in a place which looks after those who have learning difficulties. they came from the nearby city of nancy. we understand that of the ii nearby city of nancy. we understand that of the 11 people, nine bodies and to also missing, one of them was and to also missing, one of them was a supervisor who was looking after those people. it seems the fire began in the ground floor and as you said people were successfully evacuated but it spread very quickly to the first floor where we think that people were trapped. we've heard from the french prime minister saying, herfirst heard from the french prime minister saying, her first thoughts are with th
paul, what's the latest?eah, well, we're hearing a little more about how and when this fire began although, as they say, details are still sketchy. although, as they say, details are stillsketchy. it although, as they say, details are still sketchy. it began at 6:30am this morning, local time, which meant most of the people were asleep. they were people who were on holiday in a place which looks after those who have learning difficulties. they came from the nearby city of nancy. we understand...
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Aug 14, 2023
08/23
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paul: good morning and welcome to "daybreak: australia." i am paul allen in sydney.nnabelle: i am annabelle droulers in hong kong. we are counting down to asia's major market opens. shery: good evening from bloomberg's world headquarters in new york, i am shery ahn. the top stories this hour. take's birthday in two weeks helps u.s. stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election race. china's property prices affecting the listed industry. shery: we meet a man who could be taiwan's next president. he tells us exclusively how he plans to reassure voters and maintain peace. u.s. futures coming online slightly higher in the asian session. this, of course, after we saw u.s. major benchmarks gain ground, tech leading the gains. it was a low-volume session, not surprising given that august is a slow month, but a small tin can make a big difference. the russell 2000 of smaller stocks fall into a one-month low. also watching treasury yields. we have corporate bond sales we
paul: good morning and welcome to "daybreak: australia." i am paul allen in sydney.nnabelle: i am annabelle droulers in hong kong. we are counting down to asia's major market opens. shery: good evening from bloomberg's world headquarters in new york, i am shery ahn. the top stories this hour. take's birthday in two weeks helps u.s. stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election...
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Aug 23, 2023
08/23
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pauling's lab. he pressured universities around the country to rescind speaking invitations so pauling could not travel to discuss his research and then hoover in 1952 worked with the us passport office to deny pauling a passport so that he could not travel abroad. it was this particular moment that pauling felt particularly oppressed by the fbi, because he really wanted to go to specific conference in london 1952, where he was going to see some photographs of, the of dna that he believed help him become the person who discovered the structure. dna was going to map the helix structure of dna. but he couldn't go to that conference couldn't work with those british scientists. and so it was a different group of british scientists who discovered the double helix of structure of dna. so what we have here is another case of a big leap. we have j. edgar hoover looking at linus pauling and saying, well, he is a leftist this guy is speaking out against me and he's speaking out against other. all of this is t
pauling's lab. he pressured universities around the country to rescind speaking invitations so pauling could not travel to discuss his research and then hoover in 1952 worked with the us passport office to deny pauling a passport so that he could not travel abroad. it was this particular moment that pauling felt particularly oppressed by the fbi, because he really wanted to go to specific conference in london 1952, where he was going to see some photographs of, the of dna that he believed help...
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Aug 17, 2023
08/23
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paul: kathleen hays there. still to come, the u.s. to hold a trilateral meeting with japan and south korea to discuss shared security concerns. we will get analysis from the council on foreign relations. first, grady investment shares their market strategy as they expect the fed higher for longer. more on that next. this is bloomberg. ♪ paul: let's take a look at u.s. futures and how they are trading at the moment. the s&p softer after we saw another down day for u.s. stocks, three in a row, and nasdaq futures in weaker territory. joining us now is the portfolio management consultant at grady investments. there are three days in a pro now we have seen u.s. indexes go backwards, do you feel markets are accurately pricing in the fed's next move? and with this idea that cuts on the horizon looking increasingly fanciful? mariann: well, here is our point of view and that is rates will stay higher for longer, but we are not focused on any rate hikes at the september meeting, and the reason being is they have succeeded in lowering the rate o
paul: kathleen hays there. still to come, the u.s. to hold a trilateral meeting with japan and south korea to discuss shared security concerns. we will get analysis from the council on foreign relations. first, grady investment shares their market strategy as they expect the fed higher for longer. more on that next. this is bloomberg. ♪ paul: let's take a look at u.s. futures and how they are trading at the moment. the s&p softer after we saw another down day for u.s. stocks, three in a...
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Aug 14, 2023
08/23
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paul: impressive numbers there. back to what we were talking about, we don't just randomly see the typhoon sweeping through urban areas. let's bring in bloomberg intelligence, what are the potential insurance claims looking like? >> good morning. we are looking at about $1 billion in terms of ensure losses, the reason we say that is because if we look at the track and impact area, it's actually quite similar to what we had in 2018 in early september, so that one cost industry over ¥1 trillion. the insurance companies have actually bought less coverage than before. it's going to be very tricky in terms of tallying the losses when the dust settles. what are the possible impacts when it comes to earnings? >> based on our estimates, we are thinking digits, we don't think the storm will be equivalent. but mind you it is the rain and flooding. right now as of this morning, it's probably going to be over one foot of rain. shery: the latest on japanese insurance. the 6% annualized growth in the second quarter, the estimate
paul: impressive numbers there. back to what we were talking about, we don't just randomly see the typhoon sweeping through urban areas. let's bring in bloomberg intelligence, what are the potential insurance claims looking like? >> good morning. we are looking at about $1 billion in terms of ensure losses, the reason we say that is because if we look at the track and impact area, it's actually quite similar to what we had in 2018 in early september, so that one cost industry over ¥1...
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Aug 13, 2023
08/23
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paul: thank you, annabelle. let's take a quick look at the yield on the new zealand 10 year bond that has been rising to the highest now since 2011. we have the yield on that note for 88.9 at the moment. -- 488.9 at the moment. we have an our bnc rate meeting this week, currently 5.5%. the expectation was that would be it for the rv and see -- rbnz . keeping on hold this week as economic concerns continue to pile up new zealand. that 10-year note heading for numbers not seen since 2011. still to come, beijing condemns the u.s. for allowing stopovers by taiwan's vice president. more on that later this hour. first, here why cairo advisers say investors are putting too much faith in the recent stock rally, focusing too much on big tech earnings. we will talk market strategy next. this is bloomberg. paul: let's look at the week ahead with china sliding into deflation. we will get a day lose of data. lies industrial production, retail sales, fixed asset investment, and it jobless due tuesday. the pboc said its benchm
paul: thank you, annabelle. let's take a quick look at the yield on the new zealand 10 year bond that has been rising to the highest now since 2011. we have the yield on that note for 88.9 at the moment. -- 488.9 at the moment. we have an our bnc rate meeting this week, currently 5.5%. the expectation was that would be it for the rv and see -- rbnz . keeping on hold this week as economic concerns continue to pile up new zealand. that 10-year note heading for numbers not seen since 2011. still...
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Aug 7, 2023
08/23
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paul, thank you so much, december. paul, thank you so much. we _ december. december. paul, thank you so much, we will keep a - december. paul, thank you so much, we will keep a close . december. paul, thank you so i much, we will keep a close eye. staying with travel — to croatia now — where tourism is the largest industry. its long stretch of adriatic coastline draws in visitors from all over the world — but like many places they are facing a shortage of workers to serve them. well, now the country is increasingly looking to asia and its workers to fill the gap as guy de launey reports. the croatian coast is busier than ever, a record number of visitors arrived the first half of this year and the somerset to break all previous records. great news for the croatian economy, the fifth of its gdp comes from tourism, adopting the euro and joining the schengen area seems to giving it another boost. there is just one problem. finding staff to serve all the sun seekers is becoming a severe issue. there is a shortage of seasonal workers, both locally and in the trad
paul, thank you so much, december. paul, thank you so much. we _ december. december. paul, thank you so much, we will keep a - december. paul, thank you so much, we will keep a close . december. paul, thank you so i much, we will keep a close eye. staying with travel — to croatia now — where tourism is the largest industry. its long stretch of adriatic coastline draws in visitors from all over the world — but like many places they are facing a shortage of workers to serve them. well, now...
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>> paul result for uk >> paul bad result for uk students.ed reading this and i thought it sounded okay because it said middle class british pupils lose out. and i'm this and i thought, i'm on, this is good, but then it says as top university societies give 1 in 4 places to foreign candidates and, you know, make of that what you will at the end of the day. the point is these university courses are so costly for the universities to put that universities to put on that british british students and their money don't pay enough to sustain it . so they welcome in sustain it. so they welcome in as many foreign students as possible. and i think this has gone mean, to before i gone i mean, i went to before i went university , i went to a went to university, i went to a place in portsmouth called highbury college, and they transformed transferred a whole block into to foreign student accommodation and essentially saved the college because it was those foreign students , a lot of those foreign students, a lot of them from arab countries that came acros
>> paul result for uk >> paul bad result for uk students.ed reading this and i thought it sounded okay because it said middle class british pupils lose out. and i'm this and i thought, i'm on, this is good, but then it says as top university societies give 1 in 4 places to foreign candidates and, you know, make of that what you will at the end of the day. the point is these university courses are so costly for the universities to put that universities to put on that british british...
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Aug 30, 2023
08/23
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paul. — for around six decades. and very briefly, paul, tal— for around six decades.very briefly, paul, tal is a _ for around six decades. and very briefly, paul, tal is a little - for around six decades. and very briefly, paul, tal is a little bit i briefly, paul, tal is a little bit about bongo.— briefly, paul, tal is a little bit about bonuo. , , , ., about bongo. basically, his father was a long-time _ about bongo. basically, his father was a long-time ruler. _ about bongo. basically, his father was a long-time ruler. when i about bongo. basically, his father was a long-time ruler. when he l about bongo. basically, his father- was a long-time ruler. when he died, was a long—time ruler. when he died, he would have been defence minister, he would have been defence minister, he ran, was elected but in the election whose results were quite opaque and cloudy, shall we say, and his sales pitch, as you like to the public, after becoming president was that he would deliver the sort of reforms that they might have expected had they had an opposition figure, he was going to
paul. — for around six decades. and very briefly, paul, tal— for around six decades.very briefly, paul, tal is a _ for around six decades. and very briefly, paul, tal is a little - for around six decades. and very briefly, paul, tal is a little bit i briefly, paul, tal is a little bit about bongo.— briefly, paul, tal is a little bit about bonuo. , , , ., about bongo. basically, his father was a long-time _ about bongo. basically, his father was a long-time ruler. _ about bongo. basically,...
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Aug 30, 2023
08/23
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paul, sororry to keepep you wai. to say thihis, you td negative f for sexexy. i'i'm sorry.. >> wow, i'i'm not surprprised. it's o okay, i g get it. it makeses s sense.. i appppreciate yoyour just g gie a shot honestlyy and thank y yo, thank youu for y your time.. i look foforward to seeeeing w u pipick, becauause i knoww it's g toto be great. >> stephphen: thanksks, paul. >>>> why are you sloww clalappi? why y are you alalso clappining? why are youou speedingg up? >>>> stephen:: don't you seeee, paul,, t there is nothingng than humilility. that was t the last tesest. any past, , paul, youou passed! >> y you mean ththat -- >> stephphen: yourr sexexy! >>>> i am sexyxy? >> stephenen: p paul, you are te sexiesest man alilive! [apppplause] >>>> i am t the sexiestst man a? >>>> stephen:: you are thehe sexixiest man alalive! >> i am m the sexiesest man ali! [cheers anand applausese] ♪ ♪ i am ththe sexiest t man aliliv! [cheers and applause] >> stephen: congratulations! to paul rudd unofficially, and this is true being named
paul, sororry to keepep you wai. to say thihis, you td negative f for sexexy. i'i'm sorry.. >> wow, i'i'm not surprprised. it's o okay, i g get it. it makeses s sense.. i appppreciate yoyour just g gie a shot honestlyy and thank y yo, thank youu for y your time.. i look foforward to seeeeing w u pipick, becauause i knoww it's g toto be great. >> stephphen: thanksks, paul. >>>> why are you sloww clalappi? why y are you alalso clappining? why are youou speedingg up?...
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Aug 10, 2023
08/23
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paul are you able to hear us? sorry, es. it's paul are you able to hear us?st _ paul are you able to hear us? sorry, yes. it's almost a _ paul are you able to hear us? sorry, yes. it's almost a carbon _ paul are you able to hear us? sorry, yes. it's almost a carbon copy - paul are you able to hear us? sorry, yes. it's almost a carbon copy of - yes. it's almost a carbon copy of what _ yes. it's almost a carbon copy of what has — yes. it's almost a carbon copy of what has happened in greece and europe _ what has happened in greece and europe this summer. the real problem is while _ europe this summer. the real problem is while president biden is trying to influence this emergency measures the long—term solution to a lot of the long—term solution to a lot of the global— the long—term solution to a lot of the global warming that makes this into such _ the global warming that makes this into such a — the global warming that makes this into such a tinderbox, these regions, _ into such a tinderbox, these regions, is things like the inflation _ regions, is things lik
paul are you able to hear us? sorry, es. it's paul are you able to hear us?st _ paul are you able to hear us? sorry, yes. it's almost a _ paul are you able to hear us? sorry, yes. it's almost a carbon _ paul are you able to hear us? sorry, yes. it's almost a carbon copy - paul are you able to hear us? sorry, yes. it's almost a carbon copy of - yes. it's almost a carbon copy of what _ yes. it's almost a carbon copy of what has — yes. it's almost a carbon copy of what has happened in greece and...
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Aug 10, 2023
08/23
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paul, quickly, did you see at? _ it's fine to decide. paul, quickly, did you see at?e. very — did you see at? eyesight, wonderful movie, very different _ did you see at? eyesight, wonderful movie, very different than - did you see at? eyesight, wonderful movie, very different than barbie. l movie, very different than barbie. my movie, very different than barbie. my son is obsessed with physics. he studied physics at university, and a poster of oppenheimer on his wall for years, so he loved it. aha, poster of oppenheimer on his wall for years, so he loved it.— for years, so he loved it. a good fit. for years, so he loved it. a good fit- thank _ for years, so he loved it. a good fit. thank you _ for years, so he loved it. a good fit. thank you so _ for years, so he loved it. a good fit. thank you so much - for years, so he loved it. a good fit. thank you so much to - for years, so he loved it. a good fit. thank you so much to my . for years, so he loved it. a good - fit. thank you so much to my panel, always great to talk to both, have a good night and thank you for wat
paul, quickly, did you see at? _ it's fine to decide. paul, quickly, did you see at?e. very — did you see at? eyesight, wonderful movie, very different _ did you see at? eyesight, wonderful movie, very different than - did you see at? eyesight, wonderful movie, very different than barbie. l movie, very different than barbie. my movie, very different than barbie. my son is obsessed with physics. he studied physics at university, and a poster of oppenheimer on his wall for years, so he loved...
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Aug 23, 2023
08/23
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. ♪ announcer: paul clement, former solicitor general under president george w.ush, spoke about challenges facing big law firms and why he decided to leave one, kirkland and ellis, after they announced they would no longer be taking cases concerning the second amendment. this 30 minute event is from the republican national lawyers association's policy conference held in arlington, virginia. >> yesterday, i had the pleasure of testifying before they house administration committee -- the house administration committee on protecting speech to clearly relating to elections. reamer from the rnc who you all know well, and also our judicial affairs colleague audrey perry martin. all three of us were able to talk about the effective viewpoint discrimination that is becoming rampant in our society with cancel culture permeating every factor of our lives and certainly those who practice in the law firm. most of us have had to confront that. we also see in our lives historical challenges to our liberty in this country. as i have been going around this country talking to rep
. ♪ announcer: paul clement, former solicitor general under president george w.ush, spoke about challenges facing big law firms and why he decided to leave one, kirkland and ellis, after they announced they would no longer be taking cases concerning the second amendment. this 30 minute event is from the republican national lawyers association's policy conference held in arlington, virginia. >> yesterday, i had the pleasure of testifying before they house administration committee -- the...
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Aug 22, 2023
08/23
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paul: vonnie quinn there.'s get some numbers from santos, this is one of australia's natural gas producers. first half net profit $790 million, down 32% on the year. we did have a warning that sales could fall on weaker asian demand for gas due to things not being ideal in china in terms of the growth picture. first half revenue for santos, $2.97 billion, down 21% on the year. the dividend percent toast, 8.7 sent, underlying profit $801 million. up about 9%, strongly outperforming the asx. but those numbers are painting a rather difficult picture, cento still seeing for your production of up to 93 billion barrels of oil. those numbers just crossing now. a big day for the lng space. we're waiting to hear news from negotiations with woodside by close of business today. as for whether that will be a strike, and that could affect up to 11% of lng demand. and one ceo says markets are in for a rough road ahead. saying he believes the u.s. economy will experience a hard landing and that the fed has already gone too f
paul: vonnie quinn there.'s get some numbers from santos, this is one of australia's natural gas producers. first half net profit $790 million, down 32% on the year. we did have a warning that sales could fall on weaker asian demand for gas due to things not being ideal in china in terms of the growth picture. first half revenue for santos, $2.97 billion, down 21% on the year. the dividend percent toast, 8.7 sent, underlying profit $801 million. up about 9%, strongly outperforming the asx. but...
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Aug 22, 2023
08/23
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paul was amonu recurrentance there. paul was among 300 — recurrentance there.g 300 men aged - recurrentance there. paul was among 300 men aged 50-75. recurrentance there. paul was i among 300 men aged 50-75 who among 300 men aged 50—75 who took part in the trial led by university college london. of the 25 men whose aggressive cancers were picked up via mri, over halving like paul, had negative blood tests. we think these are really _ negative blood tests. we think these are really significant - these are really significant results. what we see is that a short ten—minute mri scan used as a screening test can selectively pick up significant cancers in a much more effective way than the psa blood test alone that. will help us to diagnose the important cancers early when they're curable. the important cancers early when they're curable.— they're curable. the prostate is a walnut — they're curable. the prostate is a walnut sized _ they're curable. the prostate is a walnut sized gland - they're curable. the prostate is a walnut sized gland which j is a walnut sized g
paul was amonu recurrentance there. paul was among 300 — recurrentance there.g 300 men aged - recurrentance there. paul was among 300 men aged 50-75. recurrentance there. paul was i among 300 men aged 50-75 who among 300 men aged 50—75 who took part in the trial led by university college london. of the 25 men whose aggressive cancers were picked up via mri, over halving like paul, had negative blood tests. we think these are really _ negative blood tests. we think these are really...
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Aug 22, 2023
08/23
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paul: shares in u.s.giant macy's slumped 40% after a gave a week outlook for the current quarter. a significant drop from a year ago suggests department store customers are pulling back on purchases. simone foxman has more from new york. >> mostly disappointing day of earnings for u.s. retailers. macy's, the country's largest department store, seeing sales fall, but not as much as anticipated. analysts were worried about the amount of promotions it has had to do to get stock off its shelves, also talking about how consumer credit cards -- its consumer branded credit cards are seeing more to link one sees than anticipated. the whole story, not helped out by dick's sporting goods, the athletics retailer has seen a strong couple of years since the pandemic, but seeing weakening consumer demand, also talking up the impact of theft. one bright spot continues to be the housing market. lowe's, seeing stronger than expected earnings, not as big of a sales decline as initially anticipated, talking about how contra
paul: shares in u.s.giant macy's slumped 40% after a gave a week outlook for the current quarter. a significant drop from a year ago suggests department store customers are pulling back on purchases. simone foxman has more from new york. >> mostly disappointing day of earnings for u.s. retailers. macy's, the country's largest department store, seeing sales fall, but not as much as anticipated. analysts were worried about the amount of promotions it has had to do to get stock off its...
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>> paul result for uk >> paul bad result for uk students.ed reading this and i thought it sounded okay because it said middle class british pupils lose out. and i'm this and i thought, i'm on, this is good, but then it says as top university societies give 1 in 4 places to foreign candidates and, you know, make of that what you will at the end of the day. the point is these university courses are so costly for the universities to put that universities to put on that british british students and their money don't pay enough to sustain it . so they welcome in sustain it. so they welcome in as many foreign students as possible. and i think this has gone mean, to before i gone i mean, i went to before i went university , i went to a went to university, i went to a place in portsmouth called highbury college, and they transformed transferred a whole block into to foreign student accommodation and essentially saved the college because it was those foreign students , a lot of those foreign students, a lot of them from arab countries that came acros
>> paul result for uk >> paul bad result for uk students.ed reading this and i thought it sounded okay because it said middle class british pupils lose out. and i'm this and i thought, i'm on, this is good, but then it says as top university societies give 1 in 4 places to foreign candidates and, you know, make of that what you will at the end of the day. the point is these university courses are so costly for the universities to put that universities to put on that british british...
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Aug 25, 2023
08/23
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ok, paul, fascinating stuff. thank you _ to go ahead. ok, paul, fascinating stuff.ead. ok, paul, fascinating stuff. thank you for updating - to go ahead. ok, paul, fascinating stuff. thank you for updating us i to go ahead. ok, paul, fascinating| stuff. thank you for updating us on that. you are watching bbc news. the families of 30 people who died in care homes and hospitals in the early days of the covid pandemic are taking legal action against the government. the families argue the human rights of their loved ones were breached because not enough was done to protect them from the virus. the government says it tried to safeguard care home residents using the best evidence available at the time. our social affairs editor, alison holt, reports. very happy days. my mother and father are on a cruise. for liz, these photos provide precious memories of her mother margaret. when her mum found it hard to get around, she moved to a care home, but she was still sharp. and this is also, i think, a lovely photograph. this is my mother in her care home. margaret died there dur
ok, paul, fascinating stuff. thank you _ to go ahead. ok, paul, fascinating stuff.ead. ok, paul, fascinating stuff. thank you for updating - to go ahead. ok, paul, fascinating stuff. thank you for updating us i to go ahead. ok, paul, fascinating| stuff. thank you for updating us on that. you are watching bbc news. the families of 30 people who died in care homes and hospitals in the early days of the covid pandemic are taking legal action against the government. the families argue the human...
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Aug 24, 2023
08/23
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paul served as the 43rd solicitor general of the united states from 2005-2008. before his confirmation, he served as the acting solicitor general nearly one year and principal deputy solicitor general for over three years. before his distinguished career as a litigator, he clerked for justice lauren silverman for the u.s. court of appeals the d.c. circuit and for just an incident scalia and served as chief counsel of the u.s. senate subcommittee on the constitution, federalism, and property rights. the honorable edward meets the third award is told -- bestowed by our organization annually was upheld the rule of law in adverse political challenges was given to paul this year to receive the award because he has twice shown them compliance with a prestigious law firm when the leftist mob demand he dropped a client who no longer deserve his representation. an ethical lawyer would remain loyal to his clients as paul has done but we all know that is not an is a choice to make particularly in today's overheated and vitriolic environment. in 2011, paul resigned from kin
paul served as the 43rd solicitor general of the united states from 2005-2008. before his confirmation, he served as the acting solicitor general nearly one year and principal deputy solicitor general for over three years. before his distinguished career as a litigator, he clerked for justice lauren silverman for the u.s. court of appeals the d.c. circuit and for just an incident scalia and served as chief counsel of the u.s. senate subcommittee on the constitution, federalism, and property...
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Aug 26, 2023
08/23
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paul okay. because you're wrong. >> p- p— w the people. >> because the people. is that what, what, what is the big what's in is what's big in the news is intergenerational descendible trauma . it's the trauma. i am. trauma. it's the trauma. i am. i am a descendant of slaves. the jews are descendants. we were slaves in egypt . and jews are slaves in egypt. and jews are like mental. i mean, i mean that in a nice way to my fellow jews. but i didn't say it has affected us. so you can understand how it could affect the guyanese. it could affect the guyanese. it could have affected our jews going to ask for reparations from whoever the egyptians , the from whoever the egyptians, the pharaohs. well, we at least like to be paid for building the pyramids. we never got paid for that. did great job. that. well, you did a great job. >> the pyramids. >> the pyramids. >> come on, now. it wasn't aliens. was. was. was. aliens. it was. it was. it was. it do with. with the it had to do with. with the gravity smal
paul okay. because you're wrong. >> p- p— w the people. >> because the people. is that what, what, what is the big what's in is what's big in the news is intergenerational descendible trauma . it's the trauma. i am. trauma. it's the trauma. i am. i am a descendant of slaves. the jews are descendants. we were slaves in egypt . and jews are slaves in egypt. and jews are like mental. i mean, i mean that in a nice way to my fellow jews. but i didn't say it has affected us. so you can...
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Aug 10, 2023
08/23
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>> surprised, paul it >> i'm surprised, paul yes, it will be good news for others.li will be good news for others. paul i said that this the high street will be hammered when i've never seen a wilko in the high street. seems to be a high street. it seems to be a sort of retail yeah. they sort of retail park. yeah. they say these satellites more say in these satellites more often now don't they, these satellite parks. often now don't they, these sat<| lite parks. often now don't they, these sat<| mean parks. often now don't they, these sat<| mean interesting you >> i mean it's interesting you say there, louis, because actually wilkinson's took the actually wilkinson's took on the mantle it was more woollies as it was more colloquial, colloquially known, and it always amazes me that the shops that sell absolutely everything always tend to go out of business. i don't know if it's they spread themselves too thin what but it's thin or what it is, but it's remarkable. there's always going to a place on our high street to be a place on our high street for shops that sell e
>> surprised, paul it >> i'm surprised, paul yes, it will be good news for others.li will be good news for others. paul i said that this the high street will be hammered when i've never seen a wilko in the high street. seems to be a high street. it seems to be a sort of retail yeah. they sort of retail park. yeah. they say these satellites more say in these satellites more often now don't they, these satellite parks. often now don't they, these sat i mean it's interesting you say...
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paul health organisation wants us to do. paul.think i some sympathy that. >> ithe|k i some sympathy that. >> i the first some sympathy that. >> i the first partsome sympathy that. >> i the first part and; sympathy that. >> i the first part and; slittle thy with the first part and a little bit sympathy the second bit of sympathy with the second part what connor says. i part of what connor says. i think gdp has its place in terms of measuring activity the of measuring activity in the economy. the generally economy. that is the generally accepted it's you accepted metric and it's how you measure against and you judge yourself against competitors abroad and so on. but i do think there's an argument to say that actually we should have a metric, isn't just metric, too, that isn't just about pound shillings and pence. that doesn't just focus on what's bought sold in what's been bought and sold in the economy, but actually looks at things like work life balance, looks at things like general and sense of general happiness and sense of well
paul health organisation wants us to do. paul.think i some sympathy that. >> ithe|k i some sympathy that. >> i the first some sympathy that. >> i the first partsome sympathy that. >> i the first part and; sympathy that. >> i the first part and; slittle thy with the first part and a little bit sympathy the second bit of sympathy with the second part what connor says. i part of what connor says. i think gdp has its place in terms of measuring activity the of...
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Aug 16, 2023
08/23
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paul whelan's brother, david, joins us now.d your parents the conversation was "long and frank." what else can you tell us about what paul said to secretary blinken? >> that's really all we know. it's difficult for paul to have phone calls, and so i think he probably took the opportunity to be as clear as he could about his concerns about his situation with secretary blinken. >> any idea how the call happened or why it happened today? >> i don't. i think that secretary blinken is obviously sent a message, and that message is for paul and our family, that the u.s. government is continuing to advocate for paul and his release. and i think it's also a message for the kremlin, that the u.s. government hasn't left up. in fact, their lead foreign policy person is willing to call a prisoner, which is astounding. >> a senior u.s. official says that russia has now responded in any substantive way to the most recent u.s. proposal to get your brother home. and now with a wall street reporter there now, there are two. is that further stall
paul whelan's brother, david, joins us now.d your parents the conversation was "long and frank." what else can you tell us about what paul said to secretary blinken? >> that's really all we know. it's difficult for paul to have phone calls, and so i think he probably took the opportunity to be as clear as he could about his concerns about his situation with secretary blinken. >> any idea how the call happened or why it happened today? >> i don't. i think that...