Global business news twenty four hours a day at Bloomberg dot com, the Radio, plus mobil and on your radio. This is a Bloomberg Business Flash from Bloomberg World Headquarters. I'm Charlie Pellett. The DOW, the SMP, NEZ DAK are all rallying this afternoon. Right now, we do have the SMP five hundred indecks climbing by twenty one points to two thousand eighty. That is a gain of one percent.
We are brought to you by carbonitea never know when disaster will strike your business, from spilled coffee to malware attacks. Protect your digital files with secure automatic cloud back up from Carbonite. Visit carbonite dot com today to get two three months with offer code broadcast down. Industrials close to the best level of a hundred and eighty five points advancing one percent. Gold up eighty cents right now, twelve
sixty seventy ounce again there of point one percent. Crude oil up one oh three a barrel forty four forty seven right now on w t I the West Texas Intermediate Crew. That as a game of two point four percent. I'm Charlie Hadleton. That's a Bloomberg Business Flash. You're listening to Taking Stoff with Kathleen Hayes and Kim Fox on Bloomberg Radio broadcasting live today in Boston. Tonight, the Greater
Boston Chamber of Commerce will hold its annual meeting. More than fift businesses of all sizes from virtually every industry in profession, nearly two thousand people, many of them some of the brightest lights of the Boston business community. Joining us now is not seeing he is the Chair of the Greater Boston Chamber of Commerce. To talk to us about the event, also about the Boston tech and biotech scene. Not leaves, the Mackenzie Boston office and their work in
innovation within the Strategy practice, and so much more. Love, welcome and thank you for having us here. You're welcome, Via, happy to have you here. So a year as the chair of the Greater Boston Chamber of Commerce, What's what's on your gender now? What? What is the message? Tonight? Has so many people gather together to celebrate Boston business. We've been focused on three things. One is to engage our membership and to be able to diverstif it. Number two is to be able to think big and focus
on a few big initiatives. And a third one is to focus on one business voice. There're enough business group in this area and we want to collectively have one business voice. So those are the three consistent things have been focused on. Can you give wrap some numbers around all that, because I know Boston itself has about six hundred and fifty five thousand people as population, but you've got to go much further out in some cases as many as eight million people in the in the greater area.
Tell us some statistics about what Boston is first in. So number one, we are three hundred eighty billion dollars worth of GDP that would rank us as a top thirty country in the world. That is a skill that we're talking about. Three hundred and eighty billion dollars, Okay, So I think that to me should raim it for most people. And then we have rapid growth happening across the board. If you look at the unemployment rates that
at a record law. We have amazing educational institutions out here with great students coming out, So in terms of numbers, a lot of money coming in, with a lot of money coming in. Because I think when people talk about growth as to why are things growing out here? Because they wonder why Spikeder growing out of why height growing out here? I would say three things. People were always there. We have fantastic institutions out here. They were always there.
They're getting better by the day. Number two is investments to a point, more and more investments are coming in. And the third is the environment. If you go out to Cambridge, you've got to get to the Kendle Square. The amount of excitement you feel you go from one block to the other. The number of companies that are out there are cool. Look at Boston, look at Waltam.
There are innovation communities popping up. I was just going to say in finance, just to give you a mean Fidelity State Street, and then the headquarters of Santon their bank are right are here, and here in Boston is moving right here. Bexalta moved over. They've got a quite a shire, but they moved right over here. So people are moving. I moved here four years ago for that reason, because I'm in biotechnic life sciences and this is the place to be. Well, of course you are prior to
Johnny mackenzie, you lead the practice here. Now you're the uh here in the Boston office. They say, since for four years, uh, your laboratory manager at General Electric, you helped design manufacturing processes, developed new polymetric materials and NONO materials. You're passions life intersection of science, engineering, medicine and business. So perfectly situated the biotech scene in Boston. How do you describe it? How big is it gotten? I know
what we were talking about for the show. You just mentioned that it's not just big or small, it's all kinds of businesses here now. So most pharmacyical companies are moving their innovation headquarters in some farmer shape out to They at least have a presence out You will quote on a list of top twenty. I mean you see how here you mean Boston in this brodery, Boston, Cambridge, Waltham. You just walk down and you will see them. So
almost every major player has a presence out there. If you look at the biotex sing there are probably hundreds of biotics and not thousands of biotex out here. If you look at what mass bio is doing, Uh, there are enough biotex out there coming from great academic science. We have some fantastic research going on. Venture capitalists and moving in. They are partnering with academia to be able to create compound companies. And what Large Farm and others
of finding is that they want to source innovation. This is a place to be because the small biotex are the ones that lead to so many the big, big products and big break both big and small. I would say its people right. It's about professors who are doing fantastic research. It's about an ice at US coming in. It is about venture capital being there to help create the businesses, and it's about farmer being there to partner with them in a holistic way. It's an ecosystem, which
is what it's fascinating. Glad you mentioned people, because I'd like just to comment on one person in particular, Jim Rooney, and how he in many ways exemplifies what has happened, particularly in this area of sal Boston, and I wonder if you could just speak to those accomplishments and how they come together at the Chamber. So Jim Rooney, it has been a pleasure to work with him over the last year I was involved in the search, and I would have been thrilled by what he has been doing.
He knows the political scene extremely well out here, is very well connected. He knows everybody out here in some form of shape. Our membership is growing, we are diversifying it. Jim Browney is a known name. He has an amazing communing power. He can pick up the phone and call most people. One of the things we've been trying to do is that the Chamber is a place where we
help each other. If you go back to the history, the Chamber is almost hundred years old, and if you go back to White was formed, it was for the members to help each other. And Jim Rooney and the and his friends have the connections out here to get us to anybody. So I think that's one big, big thing. Number two, we have taken around twenty policy positions together as one business voice, and that needed the connectivity, the connections and Bunnias provided that. Uh. And it has been
a pleasure to work with him. Just a wonderful guy. And it has been a pleasure to work with him over the last year. And I look forward him anymore. Well, it's a pleasure to have pleasure. And we're going to see you to see him tonight, not sitting at the dinner and UH a good friend of your another Boston Bright Light President, chairman of Sparta Groups being honored by the Boston Chamber of Commerce. I just said, lunch with him, and he's amazing, guys, to be a throat. He's gonna
be on the show with us too. Excellent. Thank you, fun, Thank you guys, perhaps saying naps. Seeing managing partner at the mckensey Boston office and Chair of the Boston Chamber of Commerce, the Greater Boston Chamber of Commerce meeting here tonight in Boston. Mary Mcpharmaceuticals, a Boston biotech leading the fight against cancer. We're gonna find out about the latest product, product products, and where they're heading next, right here in Boston on Bloobrig Radio.