About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “150 Business Leaders Sign Open Letter to GSA Demanding Trump Concede Election” – below is their description.
Business leaders, including many in New York’s finance world, are urging President Donald Trump to acknowledge Joe Biden as the winner of the election and start a transition process. More than 150 executives signed an open letter today demanding that the Trump administration affirm that Biden has won the election and issue the paperwork required for his team to begin a transition. Doing so would make money and resources available to the incoming administration. “Every day that an orderly presidential transition process is delayed, our democracy grows weaker in the eyes of our own citizens and the nation’s stature on the global stage is diminished,” according to the letter. “Withholding resources and vital information from an incoming administration puts the public and economic health and security of America at risk.” Among the 164 signers were Goldman Sachs Group Inc. Chief Executive Officer David Solomon; BlackRock Inc. CEO Larry Fink; Jon Gray, president of private equity firm Blackstone Group Inc.; and George H. Walker, CEO of money manager Neuberger Berman. Peter Grauer, chairman of Bloomberg LP, also signed the letter, which was reported earlier by the New York Times. Business leaders are growing more concerned that a delayed transition could slow efforts to manage the coronavirus pandemic and roll out new vaccines, which are critical for New York City’s return to financial health. Midtown offices are still largely empty, and local businesses are suffering as employers keep their workers home indefinitely. One of Trump’s highest-profile supporters on Wall Street, Blackstone CEO Stephen Schwarzman, said today that the election’s outcome was “very certain” and it’s time for the president to move on from legal challenges to the vote. He isn’t listed among signers of the letter. Prior to drafting of the letter, New York Attorney General Letitia James was asked to reach out to the city’s business leaders to discuss what might be done, according to the Times. A group of Democratic state attorneys general thought New York executives would “have influence in convincing Republicans around the country that this should be over, that the transition should be acknowledged, and that it was a frightening proposition that this would remain unresolved,” Kathryn Wylde, CEO of the Partnership for New York City, told the newspaper. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktakeBloomberg Quicktake: Now YouTube Channel
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In This Story: BlackRock
BlackRock, Inc. (NYSE: BLK) is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019.
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
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Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
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Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
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In This Story: Goldman Sachs
The Goldman Sachs Group, Inc. (NYSE: GS), is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting.
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In This Story: Joe Biden
Joe Biden is an American politician who served as the 47th vice president of the United States from 2009 to 2017. A member of the Democratic Party, he served as a United States Senator for Delaware from 1973 to 2009.
Biden is the Democratic presidential nominee for the 2020 election, running against the incumbent, Donald Trump.
On August 11, 2020, Biden announced U.S. Senator Kamala Harris as his running mate in the 2020 presidential election.
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In This Story: New York City
New York City (NYC) is located in the U.S. state of New York. The city is the center of the New York metropolitan area, the largest metropolitan area in the world with approximately 23 million people in its combined statistical area.
New York City has been described as the cultural, financial, and media capital of the world, hosting the headquarters of the United Nations, as well as the New York Stock Exchange.
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In This Story: New York Times
The New York Times is an American newspaper based in New York City with worldwide influence and readership. Founded in 1851 and nicknamed “the Gray Lady”, the Times has long been regarded within the industry as a national “newspaper of record”.