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	<title>Observer &#187; Bloomberg Television</title>
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		<title>Observer &#187; Bloomberg Television</title>
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		<title>Gauging Wall Street&#8217;s Post-Election Day Mood With Bloomberg TV&#8217;s Betty Liu</title>

		<comments>http://observer.com/2012/11/gauging-wall-streets-post-election-day-mood-from-markets-central/#comments</comments>
		<pubDate>Wed, 14 Nov 2012 09:57:23 -0400</pubDate>
					<link>http://observer.com/2012/11/gauging-wall-streets-post-election-day-mood-from-markets-central/</link>
			<dc:creator>Patrick Clark</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=277126</guid>
		<description><![CDATA[<p><a href="http://observer.com/2012/11/gauging-wall-streets-post-election-day-mood-from-markets-central/betty-liu-newsroom6/" rel="attachment wp-att-277128"><img class="alignleft size-medium wp-image-277128" title="betty liu newsroom6" alt="" src="http://nyoobserver.files.wordpress.com/2012/11/betty-liu-newsroom6.jpg?w=300" height="199" width="300" /></a>It was the morning after the presidential election on the set of Bloomberg Television’s <i>In the Loop</i>, and <b>Leo Hindery Jr.</b>, a partner at InterMedia Partners and a sometime adviser to Democratic officials, was pumping his arms in an off-air shimmy.</p>
<p>“Ohio, baby,” he said, naming the point in the previous night’s returns when he’d begun to celebrate. Then the cameras rolled, host <b>Betty Liu </b>repeated the question, and the private equity investor stifled a smile.<!--more--></p>
<p>Mr. Hindery’s giddiness aside, there was reason to believe that Ms. Liu’s Wednesday morning show would be gloomy. During the run-up to the election, much had been made of Wall Street’s support for Mitt Romney and its antipathy toward President Barack Obama, the turncoat who banked the financial sector’s support in 2008, then chided banker “fat cats.” And so Off the Record arrived at Bloomberg’s Lexington Avenue headquarters to take in the news outlet’s weekday morning television show, looking to gauge the Wall Street’s morning-after mood. (Disclosure: this reporter was an intern at Bloomberg News during the summer of 2011 and the winter of 2012.)</p>
<p>If we were looking for pathos, OTR didn’t find it. <b>Harvey Golub</b>, the former chairman of AIG and an ardent Romney supporter, was looking particularly dejected, but Ms. Liu didn’t linger on it. She asked former Morgan Stanley CEO <b>John Mack</b> whom his first post-election telephone call would have been to were he still running the investment bank, and who he liked as the next secretary of the treasury. She dialed up Pimco CEO <b>Mohamed El-Erian</b> from a remote location and asked him what he thought Federal Reserve Chairman Ben Bernanke was thinking. She asked everyone, including former Fed Chairman <b>Alan Greenspan </b>(remotely) and Loop capital CEO <b>Jim Reynolds</b> (in studio), about the fiscal cliff.</p>
<p>“We knew early on the story wasn’t going to be who won, but what they would do after,” Ms. Liu told OTR. “So we tried to pivot right away to the 60 days after.”</p>
<p>Along with a gift for equanimity and a sunny disposition—when OTR asked Ms. Liu about the recent hubbub over a Bloomberg TV marketing campaign that falsely stated she’d been nominated for a Pulitzer Prize, she replied, “I didn’t find it embarrassing at all”—the <i>In the Loop</i> anchor has the résumé of a serious financial journalist.</p>
<p>She started her career as a Hong Kong reporter for the Dow Jones Newswire in the aftermath of the British handover and earned a quick promotion to chief of Dow Jones’s five-person Taiwan bureau at the age of 23. After five years at <i>The Financial Times</i>’s Atlanta bureau and a year off after the birth of twin boys, she took to live TV, first as an Asia correspondent for CNBC and, for the last five years, as an anchor at Bloomberg.</p>
<p>At Bloomberg TV, Ms. Liu has a reputation as a CEO-whisperer. She’s one of the few journalists Warren Buffett will speak to and is well-trusted by master-of-the-universe types. “I was just having lunch with <b>Jim Chanos</b> at Michael’s,” she told OTR, name-checking the Kynikos Associates hedge fund manager perhaps best known for shorting Enron’s stock. “He was joking, ‘Everyone who’s making deals is in the back room, everyone who wants to interview the people making deals is in the front, waiting for the deal-makers to come out.” Where did Ms. Liu and Mr. Chanos dine? “We were in the back. I was trying to make a deal to interview him!”</p>
<p>Indeed, Ms. Liu’s comfortable relationship with executives was apparent on Wednesday’s show, as guests treated the set as a clubhouse of sorts. Mr. Hindery teased Mr. Mack about the election results—“You used to be a good North Carolina Democrat”—and Mr. Reynolds seemed to have a deal he wanted to pitch to just about everybody.</p>
<p>Even sad-faced Mr. Golub, now the chairman of boutique investment bank Miller Buckfire, was in a chatty mood. “I like to do Betty’s show because I have no idea what her politics are,” he told OTR.</p>
<p>And so Ms. Liu and her guests, live and remote, shared their views on U.S. debt, the future of the Republican party, the president’s next moves, and yes, whether the nation would avoid the fiscal cliff.</p>
<p>“It’s going to be bumpy,” Ms. Liu told OTR. “But I think they’ll get something done.”</p>
<p>As Mr. Golub left the set, he mentioned he was getting ready to jet to Florida to escape the coming nor’easter. Ms. Liu, likewise, was in the process of helping Wall Street move on. “You don’t make money talking about the past,” she said. “You make money talking about what’s going to happen in the future.” <i>—Patrick Clark</i></p>
]]></description>
		<content:encoded><![CDATA[<p><a href="http://observer.com/2012/11/gauging-wall-streets-post-election-day-mood-from-markets-central/betty-liu-newsroom6/" rel="attachment wp-att-277128"><img class="alignleft size-medium wp-image-277128" title="betty liu newsroom6" alt="" src="http://nyoobserver.files.wordpress.com/2012/11/betty-liu-newsroom6.jpg?w=300" height="199" width="300" /></a>It was the morning after the presidential election on the set of Bloomberg Television’s <i>In the Loop</i>, and <b>Leo Hindery Jr.</b>, a partner at InterMedia Partners and a sometime adviser to Democratic officials, was pumping his arms in an off-air shimmy.</p>
<p>“Ohio, baby,” he said, naming the point in the previous night’s returns when he’d begun to celebrate. Then the cameras rolled, host <b>Betty Liu </b>repeated the question, and the private equity investor stifled a smile.<!--more--></p>
<p>Mr. Hindery’s giddiness aside, there was reason to believe that Ms. Liu’s Wednesday morning show would be gloomy. During the run-up to the election, much had been made of Wall Street’s support for Mitt Romney and its antipathy toward President Barack Obama, the turncoat who banked the financial sector’s support in 2008, then chided banker “fat cats.” And so Off the Record arrived at Bloomberg’s Lexington Avenue headquarters to take in the news outlet’s weekday morning television show, looking to gauge the Wall Street’s morning-after mood. (Disclosure: this reporter was an intern at Bloomberg News during the summer of 2011 and the winter of 2012.)</p>
<p>If we were looking for pathos, OTR didn’t find it. <b>Harvey Golub</b>, the former chairman of AIG and an ardent Romney supporter, was looking particularly dejected, but Ms. Liu didn’t linger on it. She asked former Morgan Stanley CEO <b>John Mack</b> whom his first post-election telephone call would have been to were he still running the investment bank, and who he liked as the next secretary of the treasury. She dialed up Pimco CEO <b>Mohamed El-Erian</b> from a remote location and asked him what he thought Federal Reserve Chairman Ben Bernanke was thinking. She asked everyone, including former Fed Chairman <b>Alan Greenspan </b>(remotely) and Loop capital CEO <b>Jim Reynolds</b> (in studio), about the fiscal cliff.</p>
<p>“We knew early on the story wasn’t going to be who won, but what they would do after,” Ms. Liu told OTR. “So we tried to pivot right away to the 60 days after.”</p>
<p>Along with a gift for equanimity and a sunny disposition—when OTR asked Ms. Liu about the recent hubbub over a Bloomberg TV marketing campaign that falsely stated she’d been nominated for a Pulitzer Prize, she replied, “I didn’t find it embarrassing at all”—the <i>In the Loop</i> anchor has the résumé of a serious financial journalist.</p>
<p>She started her career as a Hong Kong reporter for the Dow Jones Newswire in the aftermath of the British handover and earned a quick promotion to chief of Dow Jones’s five-person Taiwan bureau at the age of 23. After five years at <i>The Financial Times</i>’s Atlanta bureau and a year off after the birth of twin boys, she took to live TV, first as an Asia correspondent for CNBC and, for the last five years, as an anchor at Bloomberg.</p>
<p>At Bloomberg TV, Ms. Liu has a reputation as a CEO-whisperer. She’s one of the few journalists Warren Buffett will speak to and is well-trusted by master-of-the-universe types. “I was just having lunch with <b>Jim Chanos</b> at Michael’s,” she told OTR, name-checking the Kynikos Associates hedge fund manager perhaps best known for shorting Enron’s stock. “He was joking, ‘Everyone who’s making deals is in the back room, everyone who wants to interview the people making deals is in the front, waiting for the deal-makers to come out.” Where did Ms. Liu and Mr. Chanos dine? “We were in the back. I was trying to make a deal to interview him!”</p>
<p>Indeed, Ms. Liu’s comfortable relationship with executives was apparent on Wednesday’s show, as guests treated the set as a clubhouse of sorts. Mr. Hindery teased Mr. Mack about the election results—“You used to be a good North Carolina Democrat”—and Mr. Reynolds seemed to have a deal he wanted to pitch to just about everybody.</p>
<p>Even sad-faced Mr. Golub, now the chairman of boutique investment bank Miller Buckfire, was in a chatty mood. “I like to do Betty’s show because I have no idea what her politics are,” he told OTR.</p>
<p>And so Ms. Liu and her guests, live and remote, shared their views on U.S. debt, the future of the Republican party, the president’s next moves, and yes, whether the nation would avoid the fiscal cliff.</p>
<p>“It’s going to be bumpy,” Ms. Liu told OTR. “But I think they’ll get something done.”</p>
<p>As Mr. Golub left the set, he mentioned he was getting ready to jet to Florida to escape the coming nor’easter. Ms. Liu, likewise, was in the process of helping Wall Street move on. “You don’t make money talking about the past,” she said. “You make money talking about what’s going to happen in the future.” <i>—Patrick Clark</i></p>
]]></content:encoded>
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		<title>What It Was Like In Tiger&#8217;s &#8220;Press Conference&#8221;</title>

		<comments>http://observer.com/2010/02/what-it-was-like-in-tigers-press-conference/#comments</comments>
		<pubDate>Fri, 19 Feb 2010 22:17:26 -0400</pubDate>
					<link>http://observer.com/2010/02/what-it-was-like-in-tigers-press-conference/</link>
			<dc:creator>Reid Pillifant</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/2010/02/what-it-was-like-in-tigers-press-conference/</guid>
		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/96870182.jpg?w=300&h=208" />Thanks to a strict press limit, and a <a href="/2010/daily-transom/no-hacks-here-golf-writers-boycott-tiger-press-conference">boycott </a>by golf writers, there were only three wire reporters inside the heavily-draped room for Tiger Wood's <a href="http://www.youtube.com/watch?v=Xs8nseNP4s0">rather robotic mea culpa </a>this morning.</p>
<p>"It was unlike any other golf press conference I have been involved with," said <em>Bloomberg News</em>' golf writer Michael Buteau, who <a href="http://www.youtube.com/watch?v=yo70DzPf6MA">went on <em>Bloomberg TV</em></a> after Mr. Woods was done. "Before he came onto the podium, there were 40 people in the room, 14 executives of the PGA tour, some friends of his, his mother was sitting the front row. It was dead silent for at least two minutes before he walked into the room. When he spoke, nobody said a word."</p>
<p>After the speech, Mr. Buteau got to talk to Mr. Woods' mother, who wasn't thrilled with the <a href="http://www.nypost.com/blogs/tiger_beat">coverage </a>of her son. "His mother was a little bit defiant. She at first said that everybody makes mistakes, we're human beings, and that's correct, we move on and we learn from those mistakes," he said. "Then she got a little bit defiant and those that didn't really address all the good he has done."</p>
<p>Not surprisingly, <em>Deadspin </em>was <a href="http://deadspin.com/5475714/the-real-whores-in-all-this-ap-reuters-and-bloomberg">defiant </a>that any reporters would attend the "apology kabuki." But the <a href="http://www.gwaa.com/">Golf Writers Association of America</a>--of which Mr. Buteau is a member--didn't think it was such a big deal, even though they chose to not to fill their six seats, in protest of the small number of press allowed and the lack of questions.</p>
<p>"The news services--that was their call. They were not the seats assigned to the GWAA so it was in no way a violation of our boycott," said Melanie Hauser of the GWAA. "That was not even a question in our mind." (Ms. Hauser also noted that Doug Ferguson, who was there from the Associated Press, was the last president of the GWAA.)</p>
<p>"It was frustrating that we couldn't ask him questions, but I went into that room hoping that we would be able to ask others questions. And that was the case," said Mr. Buteau. "It was very controlled and that is the way Tiger has done things. I didn't expect anything less, but I went in there hoping we could talk to others, and we got that opportunity."</p></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/96870182.jpg?w=300&h=208" />Thanks to a strict press limit, and a <a href="/2010/daily-transom/no-hacks-here-golf-writers-boycott-tiger-press-conference">boycott </a>by golf writers, there were only three wire reporters inside the heavily-draped room for Tiger Wood's <a href="http://www.youtube.com/watch?v=Xs8nseNP4s0">rather robotic mea culpa </a>this morning.</p>
<p>"It was unlike any other golf press conference I have been involved with," said <em>Bloomberg News</em>' golf writer Michael Buteau, who <a href="http://www.youtube.com/watch?v=yo70DzPf6MA">went on <em>Bloomberg TV</em></a> after Mr. Woods was done. "Before he came onto the podium, there were 40 people in the room, 14 executives of the PGA tour, some friends of his, his mother was sitting the front row. It was dead silent for at least two minutes before he walked into the room. When he spoke, nobody said a word."</p>
<p>After the speech, Mr. Buteau got to talk to Mr. Woods' mother, who wasn't thrilled with the <a href="http://www.nypost.com/blogs/tiger_beat">coverage </a>of her son. "His mother was a little bit defiant. She at first said that everybody makes mistakes, we're human beings, and that's correct, we move on and we learn from those mistakes," he said. "Then she got a little bit defiant and those that didn't really address all the good he has done."</p>
<p>Not surprisingly, <em>Deadspin </em>was <a href="http://deadspin.com/5475714/the-real-whores-in-all-this-ap-reuters-and-bloomberg">defiant </a>that any reporters would attend the "apology kabuki." But the <a href="http://www.gwaa.com/">Golf Writers Association of America</a>--of which Mr. Buteau is a member--didn't think it was such a big deal, even though they chose to not to fill their six seats, in protest of the small number of press allowed and the lack of questions.</p>
<p>"The news services--that was their call. They were not the seats assigned to the GWAA so it was in no way a violation of our boycott," said Melanie Hauser of the GWAA. "That was not even a question in our mind." (Ms. Hauser also noted that Doug Ferguson, who was there from the Associated Press, was the last president of the GWAA.)</p>
<p>"It was frustrating that we couldn't ask him questions, but I went into that room hoping that we would be able to ask others questions. And that was the case," said Mr. Buteau. "It was very controlled and that is the way Tiger has done things. I didn't expect anything less, but I went in there hoping we could talk to others, and we got that opportunity."</p></p>
]]></content:encoded>
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		<title>Tyrangiel Talks Controversial Obama Interview</title>

		<comments>http://observer.com/2010/02/tyrangiel-talks-controversial-obama-interview/#comments</comments>
		<pubDate>Fri, 12 Feb 2010 19:18:05 -0400</pubDate>
					<link>http://observer.com/2010/02/tyrangiel-talks-controversial-obama-interview/</link>
			<dc:creator>Reid Pillifant</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/2010/02/tyrangiel-talks-controversial-obama-interview/</guid>
		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/josh-tyrangiel_0_0.jpg?w=189&h=300" />Having scored his new magazine a sit-down with President Obama after only a couple of months on the job, new <em>BusinessWeek </em>editor&mdash;and <em>Observer </em><a href="/2009/slideshow/121004/josh-tyrangiel">insurgent</a>&mdash;Josh Tyrangiel went along with his reporters to the White House.</p>
<p>"Being in the Oval Office is one of the most surreal experiences of your life," Mr. Tyrangiel <a href="http://www.youtube.com/watch?v=wlSjp6u0Zf8">said </a>this morning on Bloomberg Television (which makes for a nice little cross-promotion underneath that <a href="/2009/portfolio-has-some-advice-businessweek">expanding </a>Bloomberg umbrella!).</p>
<p>Mr. Tyrangiel didn't directly address the controversy over the advance excerpts of the story&mdash;which ran under the headline "<a href="http://www.businessweek.com/news/2010-02-10/obama-doesn-t-begrudge-bonuses-for-savvy-blankfein-dimon.html">Obama Doesn't &lsquo;Begrudge' Bonuses for Blankfein, Dimon</a>"&mdash;a teaser the White House <a href="http://www.whitehouse.gov/blog/2010/02/10/clearing-bonuses-issue">said </a>"inaccurately made it sound like the President brushed off the impact of bonuses and applauded the role of bankers." (<em>BusinessWeek </em>declined to change the headline.) The White House also released a transcript of the interview, to combat what it said were selective quotes that didn't include Mr. Obama's criticism of bonuses. Naturally, the rebuke drew the <a href="http://www.nypost.com/p/news/business/bloomberg_xs_rwwGbIwwuHHBapSWTSqpfP">notice </a>of Keith Kelly in the <em>Post</em>.</p>
<p>But Mr. Tyrangiel speculated that the story's buzz actually stemmed from Mr. Obama's messaging. "A year in, I think there is tremendous confusion about this particular President's relationship to business. And that's why any commentary on the matter gets attention," he said.</p>
<p>The editor described the president as "perplexed" with being perceived as anti-business, which apparently worked in the magazine's favor. "We were originally scheduled for about anywhere from 16-20 minutes, which in Presidential terms is kind of an eternity," Mr. Tyrangiel said. "But the President had a very serious message he wanted to get out.  He used a couple of the early questions to really filibuster a little bit on that so he gave us about double the amount of time we were expecting."</p>
<p>The full story is out today.</p></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/josh-tyrangiel_0_0.jpg?w=189&h=300" />Having scored his new magazine a sit-down with President Obama after only a couple of months on the job, new <em>BusinessWeek </em>editor&mdash;and <em>Observer </em><a href="/2009/slideshow/121004/josh-tyrangiel">insurgent</a>&mdash;Josh Tyrangiel went along with his reporters to the White House.</p>
<p>"Being in the Oval Office is one of the most surreal experiences of your life," Mr. Tyrangiel <a href="http://www.youtube.com/watch?v=wlSjp6u0Zf8">said </a>this morning on Bloomberg Television (which makes for a nice little cross-promotion underneath that <a href="/2009/portfolio-has-some-advice-businessweek">expanding </a>Bloomberg umbrella!).</p>
<p>Mr. Tyrangiel didn't directly address the controversy over the advance excerpts of the story&mdash;which ran under the headline "<a href="http://www.businessweek.com/news/2010-02-10/obama-doesn-t-begrudge-bonuses-for-savvy-blankfein-dimon.html">Obama Doesn't &lsquo;Begrudge' Bonuses for Blankfein, Dimon</a>"&mdash;a teaser the White House <a href="http://www.whitehouse.gov/blog/2010/02/10/clearing-bonuses-issue">said </a>"inaccurately made it sound like the President brushed off the impact of bonuses and applauded the role of bankers." (<em>BusinessWeek </em>declined to change the headline.) The White House also released a transcript of the interview, to combat what it said were selective quotes that didn't include Mr. Obama's criticism of bonuses. Naturally, the rebuke drew the <a href="http://www.nypost.com/p/news/business/bloomberg_xs_rwwGbIwwuHHBapSWTSqpfP">notice </a>of Keith Kelly in the <em>Post</em>.</p>
<p>But Mr. Tyrangiel speculated that the story's buzz actually stemmed from Mr. Obama's messaging. "A year in, I think there is tremendous confusion about this particular President's relationship to business. And that's why any commentary on the matter gets attention," he said.</p>
<p>The editor described the president as "perplexed" with being perceived as anti-business, which apparently worked in the magazine's favor. "We were originally scheduled for about anywhere from 16-20 minutes, which in Presidential terms is kind of an eternity," Mr. Tyrangiel said. "But the President had a very serious message he wanted to get out.  He used a couple of the early questions to really filibuster a little bit on that so he gave us about double the amount of time we were expecting."</p>
<p>The full story is out today.</p></p>
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