Vol 6 Chapter 401: Bloomberg is a good company

"On this issue, I pay more attention to one data, ted spreads," Feng Yiping said. ◢Щщш.suimeng.lā

The ted spread refers to the difference between the European dollar three-month interest rate and the three-month US Treasury bond interest rate, which is the most important risk measure reflecting the international financial market.

When the ted spread value goes up, it means that market risks are expanding, market funds are tightening, bank borrowing costs will increase, and the borrowing costs of enterprises will also increase, which means that credit conditions are tightening.

"We all know that under normal circumstances, the ted spread is generally 20-40 basis points, but what is it now? It is still close to 200 basis points,"

"This shows that the financial market is still in a state of contraction, and no one wants to borrow, that is, liquidity is still not optimistic, and we all know the importance of liquidity to many financial institutions,"

Liquidity is a term that has been heard by many American economic novices more than once. It is also the most concerned aspect of financial institutions in the United States and most countries in the world.

Because of the essence of liquidity, it can be said to be confidence.

And even a financial novice can understand how important confidence is to the financial system.

To put it bluntly, if all depositors don't trust the bank, what will happen?

Then there will be a run, and everyone takes back the money they have stored in the bank...the most powerful bank, that also collapsed.

"The plight of Wall Street financing has indeed not changed," Bloomberg glanced at Feng Yiping, with some extra meaning.

Feng Yiping saw his eyes and smiled, "I think the actual situation may be worse than we know."

"How do you say?" Although Feng Yiping did not mention the topic he wanted to raise, Bloomberg was still very interested in what he said.

"Although from July last year to the present, according to the figures disclosed by various financial institutions in the United States, their total loss was about 150 billion US dollars, but I think that in fact, their losses are higher than this. "Feng Yiping said.

"Some of them will definitely hide the losses first, and not all of them will be put on the balance sheet,"

"You should understand this approach," he asked.

"This is something Wall Street can definitely do," Bloomberg said. "Those damned guys,"

Although he was born on Wall Street, Bloomberg has never had a good impression of Wall Street.

When he graduated from Harvard Business School, he was supposed to be able to enter the top-tier Goldman Sachs or Morgan Stanley on Wall Street, but in the end, he could only go to Solomon, who is of average strength.

Because at that time, Goldman Sachs and Morgan Stanley were very similar to some domestic units at that time.

Whether you can enter depends on whether you graduated from that school, whether your grades are good, or your abilities.

They mainly care about birth and relationship, that is, who your father is, or who your husband is...

Bloomberg, who was born in a civilian family, naturally did not have such conditions.

But even Solomon didn't treat him much later.

After working for Solomon for 15 years, Bloomberg, who has become a partner, was swept out by his new owner because Solomon was acquired.

And that year, he was 40 years old.

The hesitation of middle-aged unemployment can be realized by thinking about it...

Therefore, his opinion on Wall Street can be known by just thinking about it.

"Then Feng, when do you think the hardest time might come?" Bloomberg asked.

"It's really hard to tell. It may be tomorrow, and we will learn that another well-known company on Wall Street is in crisis."

"Or next month, or the third quarter," Feng Yiping said, "but it is also a good opportunity for you and me, isn't it?"

Bloomberg rallied because Feng Yiping talked about the topic he wanted to talk about.

"I heard about your attempt to Hilton, that would be a good idea," Bloomberg said.

"This is not easy to say at the moment," Feng Yiping didn't talk much about this issue, "but don't you think, is this a good time for you to buy back shares from Merrill Lynch?"

"You know, we are currently preparing to settle the income of our CDs with investment banks. Our income from Merrill Lynch is close to US$3.4 billion."

"Merrill Lynch’s suggestion, you must know it,"

Merrill Lynch’s suggestion is that in addition to their loan to Blackstone, the remaining amount due to Feng Yiping should also be offset by some of their shares or bonds.

Feng Yiping took a fancy to the Bloomberg shares held by Merrill Lynch at a glance.

That was at the beginning of Bloomberg's business, Merrill Lynch spent 30 million US dollars to get 30 shares of Bloomberg.

"Yes, I know," Bloomberg said.

This is the subject of their discussion today.

"If you accept, I certainly hope to receive shares in your company from Merrill Lynch," Feng Yiping said.

"I think it is also beneficial for Bloomberg to bring in shareholders like me,"

This is not the time to be humble.

Bloomberg also knows this, "Of course, just talk about the understanding of the subprime mortgage crisis and the grasp of the progress of the crisis, including the measures to respond. From the current point of view, no expert is better than you."

He looked at Feng Yiping, "If you check for us, it will definitely increase our authority on related hot issues. Therefore, more people will choose to become our users."

"No, Michael," Feng Yiping shook his head. He wouldn't agree with Bloomberg on such a question. "You know, even if you agree with me to transfer part of your company's shares, I don't have the energy to deal with these matters. "

He noticed that Bloomberg relaxed a lot.

Feng Yiping said heartily, let me just say it!

Bloomberg, who almost holds all the company's shares in his own hands, would be willing to have someone intervene in his company's affairs?

Even people like Feng Yiping, in other words, especially people like Feng Yiping.

Unfortunately, he didn't follow his words.

"You see, even most of the companies I acquired rely on the original team,"

I have to say that the success of the companies that Feng Yiping acquired and invested in will really add a lot of points to him at such a time.

As a founder, no one wants the new shareholders of their company to threaten their position and, in turn, take their company away.

Such things have long been not news.

Not to mention investment, Feng Yiping has successfully acquired some companies. The original founder still has a lot of autonomy.

"Not only in Silicon Valley, but in the United States, many company leaders are very envious of Google, because they have not only found an excellent investor like you, but also an unparalleled strategic director," Bloomberg added.

Feng Yiping thought, this is probably the model Bloomberg hopes.

"This, I have to admit that in this regard, I always seem to have some ideas, including the development of Bloomberg. I also have some ideas. I hope I will have the opportunity to discuss with you in the future."

This aspect is Feng Yiping's most attractive soft power, so of course he is prepared.

"In short, Michael, like I invest in navteq, like I invest in Skype, or, like I invest in Google, I will provide assistance within my capacity for the development of the company, but I have never had the interest and energy to intervene in specific matters. ,"

"As you know, I attach great importance to the development of the content market, and Bloomberg is naturally second to none in terms of financial content. Therefore, I hope to acquire some shares of your company from Merrill Lynch."

"This not only guarantees that I can get back the return of my fund, I also feel that at this stage, I become a shareholder of Bloomberg, and it is more helpful to the development of Bloomberg than a shareholder like Merrill Lynch."

This is natural, and Merrill will definitely be overwhelmed next time, how can it be compared with Feng Yiping.

"I suggest you once again. It is now a good time to buy back the Bloomberg shares held by Merrill Lynch. I can even support you in terms of funds," he said.

"Can you tell me about your thoughts?" Bloomberg was more interested in this.

"After the ratio is determined, I think I am very happy to discuss this issue with you," Feng Yiping smiled.

Those dry goods, of course, have to wait until everything is confirmed.

"Okay, then," Bloomberg was a little disappointed, so why couldn't he just talk first?

"I agree with your proposal. Now is indeed a good time for us to buy back shares. We will work out an overall plan as soon as possible."

This means that he still needs time.

"I fully understand," Feng Yiping said.

It does take time.

For the 30 shares held by Merrill Lynch, how much they plan to repurchase really requires comprehensive consideration.

At least, they have to raise funds and determine the appropriate repurchase price and timing.

It is estimated that only when the proportion of repurchase is determined can they determine how much Feng Yiping can receive from Merrill Lynch.

However, Feng Yiping believes that although he still seems to have some concerns, Bloomberg should finally approve of becoming a Bloomberg shareholder.

Because, what strong reason can he find to oppose?

Where can I find such a good person!

And he really hopes to become a shareholder of Bloomberg.

Although from the current point of view ~www.wuxiaspot.com~Bloomberg's revenue is still lower than Reuters, the former's gross profit margin is as high as 30, while the latter is less than 20.

Therefore, Bloomberg is really a profitable company, otherwise Bloomberg would not have a net worth of more than 40 billion US dollars.

This is why Feng Yiping proposed to Lauder yesterday that they can use some of the company shares they hold to offset the cash, because these Wall Street companies do have a lot of high-quality resources in their hands. Come a piece of gold.

It happened that the waiter came to serve food at this time, and Bloomberg asked Feng Yiping, "I will stay in New York for a few days,"

"I want to go to Hollywood as soon as possible, maybe in the afternoon,"

Bloomberg deserves to be the founder of Bloomberg. He thought about it and laughed, "It's related to that?"

Feng Yiping nodded, "Yes,"

This is the news Wu Qian just showed him.

Bloomberg shook his head, "Hollywood guys,"