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Oct 6, 2017
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what we know about randy quarles is that he's outspoken in favor of rules in the past.ee if you can make any headway that with the committee. this committee seems predisposed toward one discretion as opposed to more systematic rule-based policy. david: i want to talk about jon taylor for a moment. there's a piece on the bloomberg today attributed to rick rieder from blackrock that says jon taylor would be the most disruptive chair. he seems to be an outside candidate come about the most disruptive because he is rules-based. according to his rules, the rates should be higher than they are right now. thehew: if you pull up taylor rule function, it has been interest rate at 3.25%, more than twice i as high as it is right now. you think that's kind of scary if you are a bond investor. at the same time, it's really important to remember that if jon taylor were to become fed chair or if randy quarles comes in, they are going to face a lot of resistance from the current committee. it's not really a slam dunk or even a likelihood that they would be able to get interest potentia
what we know about randy quarles is that he's outspoken in favor of rules in the past.ee if you can make any headway that with the committee. this committee seems predisposed toward one discretion as opposed to more systematic rule-based policy. david: i want to talk about jon taylor for a moment. there's a piece on the bloomberg today attributed to rick rieder from blackrock that says jon taylor would be the most disruptive chair. he seems to be an outside candidate come about the most...
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Oct 5, 2017
10/17
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plus, on capitol hill, the senate has the votes to confirm randy quarles's nomination for the vice chair federal reserve. this is bloomberg. ♪ ♪ live from london, i'm mark barton. vonnie: this is "bloomberg markets." trading all over the map are shares of seaworld entertainment. this after gaining nearly 5% yesterday. let's bring in abigail doolittle to talk about what's happening. all of this has to do with takeover talk from a strange source. strange story.a up 5% in the premarket, gaining 5% yesterday. now down. this on the bloomberg scoop that merlin entertainment in london could be interested in buying parts of seaworld. parkswn the legoland along with other parts globally. maryland and seaworld, it will paint some of the picture. top in white we have merlin entertainment up on 3% of the year. we see a rocky road. they of been losing some visitors to their mark just park in london. , the sharesin blue of seaworld down 30%, really struggling. it was thought that merlin might be interested in buying seaworld , busch gardens. they have a rule about not having whales were dolphins. -- s
plus, on capitol hill, the senate has the votes to confirm randy quarles's nomination for the vice chair federal reserve. this is bloomberg. ♪ ♪ live from london, i'm mark barton. vonnie: this is "bloomberg markets." trading all over the map are shares of seaworld entertainment. this after gaining nearly 5% yesterday. let's bring in abigail doolittle to talk about what's happening. all of this has to do with takeover talk from a strange source. strange story.a up 5% in the...
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Oct 6, 2017
10/17
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feeling undermined will trump file people in in the first appointment he made, you know, was in randy quarlesging, but, yes, i worry about the dynamic between the fed chairman and the president the people being discussed though are pretty reasonable and keeping fingers crossed. >> excellent dr. rogoff, thanks for being my guest. always a pleasure. sara, back to you. >> thanks, rick. does the nfl have an attendance sflob why the widespread national anthem protests are having an effect on ticket sales. more after this. >>> welcome back to "squawk alley. widespread national anthem protest having a big effect on nfl ticket sales and attendance. our own eric temmey is here and has the latest on the story. >> reporter: after the last weeks of controversy we so a 2% decline in ticket prices going into week five of the nfl season compared to week five last week. think about it, the first three weeks double-digit growth and week four was basically flat, up a little bit, when they were kneeling and here we are in week five down 2% so it's the first negative move in ticket prices we've seen the whole se
feeling undermined will trump file people in in the first appointment he made, you know, was in randy quarlesging, but, yes, i worry about the dynamic between the fed chairman and the president the people being discussed though are pretty reasonable and keeping fingers crossed. >> excellent dr. rogoff, thanks for being my guest. always a pleasure. sara, back to you. >> thanks, rick. does the nfl have an attendance sflob why the widespread national anthem protests are having an...
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Oct 3, 2017
10/17
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randy quarles. he has not been formally nominated. those are sound picks.here is a lot of disarray within the cabinet recently but ,ook at who resigned last week you could have seen that in a run-of-the-mill administration. your point. my view is that maybe some of that is overdone. julia: if you had your choice, who is the best guide to do the job of anybody out there? >> i think it is important, we have seen presidents nominate. [inaudible] calling for janet yellen to stay on as fed chair. don't miss tom keene's interview tomorrow at 6:30 a.m.. we are hoping you would say stanley fischer said it would lead into this tease. 's livevladimir putin from the energy week in moscow, that panel starts live at 6:00 a.m. eastern. don't miss it. this is bloomberg. ♪ julia: welcome back. time for the bloomberg business flash. goldman sachs lloyd blankfein undecided on bitcoin. he said he was still thinking about that coin. paper were skeptical when money displaced gold. goldman is in talks with experts on cryptocurrency for a trading venture. stoporporate leader shou
randy quarles. he has not been formally nominated. those are sound picks.here is a lot of disarray within the cabinet recently but ,ook at who resigned last week you could have seen that in a run-of-the-mill administration. your point. my view is that maybe some of that is overdone. julia: if you had your choice, who is the best guide to do the job of anybody out there? >> i think it is important, we have seen presidents nominate. [inaudible] calling for janet yellen to stay on as fed...
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Oct 20, 2017
10/17
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guest: we are losing a picture in the equation, a nomination of randy quarles, and an approval to bense, that die has already been cast. if john was chairman, he could freely focus on monetary policy. the whole board worries about regulatory holocene, but the fact is -- regulatory policy, but there has already been someone chosen for the regulatory side. i don't see that being an issue. kathleen: he is not dogmatic or masochistic, but he has been somewhat simplified into that person who has a monetary role that suggesting key rate should be higher. would keep get in trouble -- would he get in trouble with republicans if he raised rates? there are arty people talk -- already people talking about janet yellen. guest: what you do in that situation is focus on where inflation is, if you are comfortable with inflation, how dogmatic are you with a 2% inflation target? what is wrong with where we are right now? the markets are doing pretty well right now with an inflation number below the fed target. if you are going to be mad, you have to look -- pragmatic about this, you have to look at t
guest: we are losing a picture in the equation, a nomination of randy quarles, and an approval to bense, that die has already been cast. if john was chairman, he could freely focus on monetary policy. the whole board worries about regulatory holocene, but the fact is -- regulatory policy, but there has already been someone chosen for the regulatory side. i don't see that being an issue. kathleen: he is not dogmatic or masochistic, but he has been somewhat simplified into that person who has a...
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Oct 5, 2017
10/17
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. >> there's news that randy quarles replaced -- he's a green light to actual banking. i'm taking jamie dimon's rap for a monday if the government would let us lend more, we would. the government is going to look the other way. immediately you get a backlash no, there's something between 207 and what we've been having, so the banks price to earnings multiple can expand if we get that fed rate hike. >> so 232 on the ten-year, the banks having their worst day in a monday yesterday, are back in an up trend, because banks -- >> the rate hike is going to happen economy is good. look, i'm getting off the i hate wells bandwagon, as my friend wilf said yesterday, they have taken the premium of multiple out. so -- i mean out of the wells. wells is -- i can't hate wells as much as i hated it. it hasn't moved. all the other bank stocks have moved. so the haters of wells have to deal with the fact that the price to earnings multiple has been shrunk, was the cross-sale told outing to bog-s onity to make up my own word. >>> there's still questions about these large-growth technology
. >> there's news that randy quarles replaced -- he's a green light to actual banking. i'm taking jamie dimon's rap for a monday if the government would let us lend more, we would. the government is going to look the other way. immediately you get a backlash no, there's something between 207 and what we've been having, so the banks price to earnings multiple can expand if we get that fed rate hike. >> so 232 on the ten-year, the banks having their worst day in a monday yesterday,...
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Oct 31, 2017
10/17
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honest dissent at that point now, if we have trump put in an independent businessman and look at randy quarlesis not so nice things he said about kevin walsh who could have been his boss if he gets appointed, which is a break in fed protocol, we could have governors raising their hands and dissenting in meetings, something i think the fed should have. >> you think the president like john taylor may not be fed chair, but he's going to be there somewhere, maybe vice governor >> and taylor is not going to be there to agree with everything the chairman says. >> do you think that's a bad thing? i have always kind of framed it as everybody's thinking the same whether it's politics, even on social issues, everybody needs to go exactly the same if you march differently, you're hung out to dry, so to speak is that a good way do we need yes people on the federal reserve board? >> absolutely not. it would be excellent if the fed shows independence the bank of england has 5-4 votes. japan. >> it's not unusual, not picked apart by the press it doesn't make market participants nervous >> the fed believes th
honest dissent at that point now, if we have trump put in an independent businessman and look at randy quarlesis not so nice things he said about kevin walsh who could have been his boss if he gets appointed, which is a break in fed protocol, we could have governors raising their hands and dissenting in meetings, something i think the fed should have. >> you think the president like john taylor may not be fed chair, but he's going to be there somewhere, maybe vice governor >> and...