May 5, 2024 • 3 mins
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Speaker 1 (00:01):
News when you wanted with Bloomberg News Now, I'm Ad Kleggi.
US Treasury Secretary Jenet Yellen acknowledged sharp moves in the
value of the yen this week, even as she declined
to say whether Japan had intervened to support the currency.
I'm not going to comment on whether they did or
didn't intervene, Yellen told reporters Saturday, following a speech in Mesa, Arizona.
(00:24):
I think that's a rumor still, she said. The yen
did move quite a bit in a relatively short period
of time, adding we would expect these interventions to be
rare and consultation to take place. Japanese authorities appeared to
enter the market to support the yen on two occasions
of the past week. One came after the en weekend
beyond one sixty to the dollar for the first time
(00:46):
in thirty four years, followed by another after a Federal
Reserve cheer. Jerome Powell said a hike was unlikely to
be the US Central Bank's next interest rate move. Berkshire
Hathaway is reporting a major jumpin up operating earnings. Billionaire
Warren Buffett's company had outsized strength and insurance thanks to
Geico and insurance underwriting as well as insurance underwriting income.
(01:09):
According to Bloomberg Sally bake.
Speaker 2 (01:11):
Well, so that also was additive. Insurance investment income ticked up,
and actually it was about the same amount as the
insurance underwriting businesses posted two point six billion. Each one
posted that respectively, and each was an increase. I think
that's an indication of the higher interest rate environment that
(01:34):
has enabled Warren Buffett to generate a lot of interest income,
including on his giant cash pile, which also hit a
record one hundred and eighty nine billionaires.
Speaker 1 (01:44):
Bloomberg Sally Bakewell reporting Chinese President Shi Jinping is kicking
off his first trip to the European Union since twenty
nineteen this weekend. He'll have a prominent visitor soon after
he returns to Beijing. Bloomberg's Nathan Hager reports.
Speaker 3 (01:59):
President she will meet with Russian President Vladimir Putin next week.
Bloomberg News has learned the Russian leader plans to visit
China May fifteenth and sixteenth, a little more than a
week after his inauguration for a fifth term this coming Tuesday.
Putin's last trip to China was back in October, a
rare trip abroad as he is under an international criminal
(02:19):
court arrest warrant tied to the war in Ukraine. In Washington,
I'm Nathan Hager, Bloomberg Radio.
Speaker 1 (02:25):
And there's a new reason to keep all of your appointments.
Bloomberg's Nancy Lions explains.
Speaker 4 (02:31):
Once the domain of doctors' offices and upscale restaurants fees
for blowing off an appointment or spreading the Wall Street
Journal reports those fees are now being used by salons,
personal trainers, and beyond. New technologies also helping those businesses
track no shows. Square allows businesses to charge up to
five hundred dollars for cancelations. I'm Nancy Lyons, Bloomberg Radio.
Speaker 1 (02:55):
Nish you blow off your barber, Wh'll put a lean
on your house. And in the one hundred fiftieth running
of the Roses the Kentucky Derby at Churchill Downs on Saturday,
Mystic Dan nosed out Sierra Leone and a photo finish.
It was the first time in twenty eight years that
the winner won by a nose. And that's news when
you wanted with Bloomberg News. Now I made Klegg and
(03:17):
this is Bloomberg,
News when you wanted with Bloomberg News Now, I'm Ad Kleggi.
US Treasury Secretary Jenet Yellen acknowledged sharp moves in the
value of the yen this week, even as she declined
to say whether Japan had intervened to support the currency.
I'm not going to comment on whether they did or
didn't intervene, Yellen told reporters Saturday, following a speech in Mesa, Arizona.
(00:24):
I think that's a rumor still, she said. The yen
did move quite a bit in a relatively short period
of time, adding we would expect these interventions to be
rare and consultation to take place. Japanese authorities appeared to
enter the market to support the yen on two occasions
of the past week. One came after the en weekend
beyond one sixty to the dollar for the first time
(00:46):
in thirty four years, followed by another after a Federal
Reserve cheer. Jerome Powell said a hike was unlikely to
be the US Central Bank's next interest rate move. Berkshire
Hathaway is reporting a major jumpin up operating earnings. Billionaire
Warren Buffett's company had outsized strength and insurance thanks to
Geico and insurance underwriting as well as insurance underwriting income.
(01:09):
According to Bloomberg Sally bake.
Speaker 2 (01:11):
Well, so that also was additive. Insurance investment income ticked up,
and actually it was about the same amount as the
insurance underwriting businesses posted two point six billion. Each one
posted that respectively, and each was an increase. I think
that's an indication of the higher interest rate environment that
(01:34):
has enabled Warren Buffett to generate a lot of interest income,
including on his giant cash pile, which also hit a
record one hundred and eighty nine billionaires.
Speaker 1 (01:44):
Bloomberg Sally Bakewell reporting Chinese President Shi Jinping is kicking
off his first trip to the European Union since twenty
nineteen this weekend. He'll have a prominent visitor soon after
he returns to Beijing. Bloomberg's Nathan Hager reports.
Speaker 3 (01:59):
President she will meet with Russian President Vladimir Putin next week.
Bloomberg News has learned the Russian leader plans to visit
China May fifteenth and sixteenth, a little more than a
week after his inauguration for a fifth term this coming Tuesday.
Putin's last trip to China was back in October, a
rare trip abroad as he is under an international criminal
(02:19):
court arrest warrant tied to the war in Ukraine. In Washington,
I'm Nathan Hager, Bloomberg Radio.
Speaker 1 (02:25):
And there's a new reason to keep all of your appointments.
Bloomberg's Nancy Lions explains.
Speaker 4 (02:31):
Once the domain of doctors' offices and upscale restaurants fees
for blowing off an appointment or spreading the Wall Street
Journal reports those fees are now being used by salons,
personal trainers, and beyond. New technologies also helping those businesses
track no shows. Square allows businesses to charge up to
five hundred dollars for cancelations. I'm Nancy Lyons, Bloomberg Radio.
Speaker 1 (02:55):
Nish you blow off your barber, Wh'll put a lean
on your house. And in the one hundred fiftieth running
of the Roses the Kentucky Derby at Churchill Downs on Saturday,
Mystic Dan nosed out Sierra Leone and a photo finish.
It was the first time in twenty eight years that
the winner won by a nose. And that's news when
you wanted with Bloomberg News. Now I made Klegg and
(03:17):
this is Bloomberg,
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