Latest news with #Freedman
Axios
2 days ago
- Business
- Axios
Wall Street likes Trump's economy more than voters
The stock market rallied during President Trump's first six months in office, despite a volatility spike in April — but a new poll shows Main Street isn't feeling the same optimism. Why it matters: While investors are pricing in a post-tariff rebound, the general public is still concerned about economic issues like inflation — a reminder that the stock market is not the economy. By the numbers: Despite a volatile April off the back of tariff announcements, the S&P 500 is up 7% year to date — outpacing the historical average. Meanwhile, 70% of survey respondents say the administration is not focusing enough on lowering prices, according to a CBS News / YouGov poll released Sunday. The administration is focusing too much on tariff policy, according to 61% of those surveyed, and 60% said they oppose tariffs entirely. What they're saying: " The broader economy is slowing" and "capital markets are comfortable with the idea of a slowdown," Eric Freedman, chief investment officer at U.S. Bank Asset Management, told Axios. Markets are forecasting a "bounce back" once tariff discussions are in the rearview mirror, meaning investors aren't too concerned about any near-term weakness, according to Freedman. Between the lines: Looked at in this way, it's not that investors necessarily disagree with voters about the state of the economy. Instead, traders are just pricing in the post-tariff rebound, while constituents are worried about their financial lives before that rebound kicks in. Yes, but: While voters may not feel great about the economy, their spending patterns indicate otherwise. Retail sales jumped more than expected last month. Big banks largely reported increased card spending over the quarter. GDP growth, which is driven mainly by consumer spending, is expected to come in above 2% for the quarter Be smart: "There's a lot of divergence within consumers," said Freedman, who is monitoring middle-income consumer behavior to get a better sense of the economic path forward. High stock prices are fueling spending for higher income consumers, according to Freedman, in a phenomenon known as the wealth effect. If increased spending is coming from largely higher-income folks, that could be clouding the full economic picture. The bottom line: If stocks are up, that does not necessarily mean investors think the economy is in great shape.
Los Angeles Times
5 days ago
- Sport
- Los Angeles Times
Minor league baseball could be coming to Long Beach
Could the fourth time be the charm for minor league baseball in Long Beach? On Tuesday, the Long Beach City Council is scheduled to consider whether to order city staff to work toward an agreement with the ownership group for a 'new professional baseball team' that would play at Blair Field, the city's storied ballpark. The ownership group includes Paul Freedman, one of the co-founders of the Oakland Ballers, a successful independent league team launched last year amid the departure of the Oakland Athletics. The new team would open play next season and participate as an expansion team in the Pioneer League, the same league in which the Ballers play. The league includes teams in California, Colorado, Idaho, Montana, Utah and Wyoming. 'I got into this industry because of love for baseball and the community, and love for Oakland,' Freedman said. 'I see a tremendous amount of parallels between the city of Oakland and the city of Long Beach, and I think the kind of community-oriented baseball that is working in Oakland can work in Long Beach as well.' In minor leagues affiliated with major league organizations, those organizations sign and pay players, then assign them to a minor league team. In an independent league, the teams sign and pay players, most of whom hope to play well enough to earn a contract from a major league organization. Independent leagues also serve as labs for the major leagues: The 'swing-off' that decided this week's All-Star Game has been a rule in the Pioneer League since 2021. Three independent minor league teams have come and gone in Long Beach over the last 30 years: the Barracuda (renamed the Riptide) in 1995-96, the Breakers (2001-02) and the Armada (2005-09). Freedman said he believed the struggles reflected instability in the various leagues in which the teams played more than an inability of Long Beach to support a team. 'It's a city with a huge baseball tradition,' Freedman said. 'It's a diverse city on the rise. It's hosting the Olympics. I think now it's time to have a team to represent the town. 'I think baseball has worked in Long Beach, and I think Long Beach is in an even better condition now to embrace a new kind of baseball.' The Long Beach State baseball team, proudly known as the Dirtbags, attracted more fans last season than any of the other nine Big West Conference teams based in California. The Dirtbags are the primary tenant of Blair Field, and the motion before the city council would require city staff to work with Long Beach State on a 'collaborative partnership agreement.' A city spokesman did not return a call seeking comment.
Calgary Herald
5 days ago
- Health
- Calgary Herald
ER doctors treating kids with acute vomiting can send them home with fewer meds: Study
For emergency doctors figuring out how much medication to discharge a child with after they visit the hospital for acute vomiting, a new University of Calgary study has found that less may be more. Article content The study has found that most children may only require two or fewer doses of ondansetron after they're discharged from the emergency department for being treated for acute gastroenteritis. Article content Article content Article content Previously, there was no standard to measure the dosage prescribed to a child after they were discharged from the hospital, according to Dr. Stephen Freedman, professor at the Cumming School of Medicine and lead researcher of the study. Article content Article content Early studies on the medication found that it worked well to treat acute vomiting in children who visited the emergency department and reduced the necessity for intravenous hydration and hospitalizations. Article content 'What we then saw starting to happen is that many physicians were starting to send children home with the medication,' he said, with dosage sometimes in the dozens, despite studies having only explored the impact of one dose of the medication. Overdosage of the medication can increase diarrhoea symptoms in children, the potential severity of which can overtake the benefit of no longer feeling the need to vomit. Article content Article content Although the study was published on Wednesday, recruitment for the trial took place between September 2019 to November 2024, delayed due to the challenges presented by the COVID-19 pandemic. Article content The study examined the impact of the medication in 1,030 children across six pediatric emergency departments. Caregivers of the children were given six doses of the medication to take home and use as needed, according to Freedman. Article content All children had already been given one dose of the medication during their visit to the emergency department, he added. Article content 'We didn't instruct caregivers to routinely given it because most children don't have any more vomiting or nausea after they go home anyways,' Freedman said. 'So we left the number of doses to be administered at the discretion of the caregivers and their children.'
Business Wire
6 days ago
- Business
- Business Wire
Stable Road Foundation's Ed Freedman Named to Pacific Business News' Hawaii's Most Admired Leaders
BUSINESS WIRE)--Ed Freedman, founder of the Maui-based nonprofit Stable Road Foundation, has been named one of Hawaii's Most Admired Leaders for 2025 by Pacific Business News. Freedman received the honor for his community building work with Stable Road Foundation, highlighted by recent projects to provide housing, education, and healthcare to local Maui residents still recovering from 2023's deadly wildfires. Share Freedman received the honor for his community building work with Stable Road Foundation, highlighted by recent projects to provide housing, education, and healthcare to local Maui residents still recovering from 2023's deadly wildfires. He was among 14 recipients of this year's award, who represent a diverse range of Hawaiian sectors such as education, finance, and hospitality. 'I'm honored to have earned this award for our work on behalf of our Maui ' ohana,' said Freedman. 'For the past two years, we've been focused on helping our community recover from the devastating wildfires that caused such terrible damage to our beloved island. There's still so much work to be done, and we hope this will inspire others to make the biggest impact they can, too.' Under Freedman's leadership, Stable Road Foundation has spearheaded a variety of rebuilding projects on Maui. Most recently, the Foundation celebrated the opening of a new long-term temporary housing development in Laihana, which enabled nine local families to return to their own land while they rebuild their permanent homes. Previously, the Foundation was also one of the main funders behind the construction of a new facility for Sacred Hearts School, which was destroyed by the wildfires. Along with long-term rebuilding efforts in the wake of the wildfires, Stable Road Foundation has also supported other projects to improve Maui infrastructure and social services. These include a $100,000 pledge to the Maui Health Foundation to build new facilities and deliver high-tech medical equipment to the island. Freedman has also been a strong supporter of Imua Family Services, helping to fund the construction of their new Imua Inclusion Preschool and joining their Multiverse sponsorship team to fund community events around the island. Founded in 2017, Stable Road Foundation leads community-strengthening projects both on Maui and around the world. The Foundation's primary missions are to ensure that every child has a chance to achieve their fullest potential, and to protect the natural environments in which they live.
The Age
15-07-2025
- Sport
- The Age
Freedman ready to unleash Ninja warrior after impressive trial wins
He's not quite the sleek, stealthy, horse that his name would suggest just yet but trainer Michael Freedman says it's time to see what Ninja can do on the race track at Kensington on Wednesday. The youngster is unbeaten in his two trials, the latest where he ran down subsequent winner Nazwah, but Freedman said he's not yet a well-oiled machine and will learn plenty in the TAB Plate (1100m). 'He's still very much learning about things and doing a few things wrong, but he's ready to go to the races and probably just needs to get going,' he said. 'He's obviously shown some raw ability. I think he's one of those horses that once he starts to put it all together can continue to improve. 'He just needs to learn to do things the right way, the only way we're going to do that is to get him off to the races and learn his craft a bit.' What Ninja did show in his latest trial, despite being slowly away, was a handy turn of foot as he swept home from the back. Freedman said he'd like to think the gelding, who cost $380,000 as a yearling, can put himself in a more prominent position from a soft barrier draw. 'Around the Kenso, if he can jump cleanly you wouldn't want to be dragging him back,″ he said. 'If he can make use of that lower draw you'd like to think he can put himself on speed somewhere.'
