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New York Stock Exchange reopens trading floor
"New York governor Andrew Cuomo rang the opening bell is limited trading resumes today on the floor of the New York Stock Exchange lumps of traders crowded around computer screens are no more there are now plexiglas barriers on the stock exchange floor there are fewer traders allowed on the floor and the ones that are there must wear massive disease Erica Turkey says brokers can not take public transit to work the last two months it's been all electronic
SpaceX now dominates rocket flight, bringing big benefits to NASA
"Space space x has been heavily revenue funded. And you know lots of that by NASA There's a great publication which is a great thing about NASA as as a government agencies. Everything's public services audit. It's called audit of commercial resupply services to the International Space Station and this is publishing in two thousand eighteen. That has great diagram of money that flowed to different companies spacex. Boeing orbit all Sierra Nevada. Others and what flowed for all the different programs? Be It commercial crew or Worshiping people. Up and SPACEX has received seven point seven billion dollars in contracts from NASA for launches which is is is astounding compared to a company. That would be trying to sort of do as much as SPACEX has done without actually having a customer on the end of every rocket it'd be it'd be impossibly hard. I mean they would. It would take so much more capital and it would change your priorities. And what spacex really has has done here and. I don't think I realized this. Every time I'm watching. One of these SPACEX launches and getting all excited about a new piece of technology On that rocket which by the way there's a new piece of technology on every rocket every single mission they fly is is different hardware than the previous one because they're constantly iterating every time they do that almost every time. Save for tenor so There's there's a customer that's paying them money to to send that thing up and so you know NASA has been responsible for seven point seven billion of that. The other thing that NASA has put in money for which has been really interesting is when you mentioned the spaceship David which ultimately be called the Dragon Capsule Developing the sum. Total the Falcon nine which were about to go into the story of and the dragon that cost about four hundred million dollars of Nasr's money and about four hundred and fifty million dollars spacex his money to to go and develop that and at some point NASA did an internal audit to basically say well. How much would that cost us if we didn't sort of bid this out To space x to go and do this you know if we had built this the way that we built the space shuttle. How much would that have cost us? And it basically what they find as the numbers about four billion. Wow so it is the cost absolutely like say what you will about. Wow spacex really got in there and scored that NASA contract. But they're they're saving NASA an enormous amount of money by sort of taking on the risk to vertically integrate all of this and making much cheaper her raucous.
Family says Stanley Ho, the Macao casino tycoon considered the father of modern gambling in China, has died at 98
"Macau casino tycoon Stanley ho is dead at the age of ninety eight considered the father of modern gambling in China he was also Macau's richest person a lavish Spender and dashing ballroom dancer he secured a four decade monopoly on casinos and parlayed his home advantage to build the empire that still dominated the industry after it open to foreign companies in two thousand two wielding great influence both in Macau and neighboring Hong Kong his daughter said he died Tuesday his long eventful life track the ebb and flow of southern China's
Merck Does Deals to Develop Coronavirus Vaccines, Drug
"Two looks like work on a coronavirus vaccine helping to perk up the mood among other things today we see Novavax making news over the weekend saying it started the first human study of its experimental coronavirus vaccine today Merck the drug giant says it plans to work with a nonprofit scientific research group to develop a potential vaccine all this following the dharnas announcement last week or during another biotech company which said all forty five patients in its vaccine trial have developed antibodies against the corona
U.S. new-home sales edge upward in April
"Stand new home sales rose in April despite the economic shutdown the commerce department reports that sales rose point six percent in April for the month before although March was revised considerably lower new home sales were down six point two percent from a year earlier sales were up in the northeast south Midwest while down in the west the average price came in at just under three hundred ten thousand dollars down over eight percent from a year earlier existing home sales suffered a big decline last month although prices were
Consumer confidence up slightly but remains near 6-year low
"Consumers still don't have much faith in the economy the conference board says its confidence index improved slightly this month but it remains near a six year low following widespread business shutdowns that have sent the economy into a recession the index measures consumers assessment of current conditions and expectations for the future it had dropped the previous two months optimism about the economy has improved slightly with states lifting shelter in place orders and many businesses being allowed to reopen on a restricted basis my camp in Washington
Tax Credit for Keeping Workers on Payrolls Draws Bipartisan Interest
"Package there does seem to be growing bipartisan support for the idea of expanding an existing wage subsidy keep workers on payrolls and help businesses stay afloat Richard Rubin covers US tax policy for the Wall Street journal is written about this and joins us live now in the KCBS ring central news line Richard thanks for the tennis one is what we're talking about here is a tax credit and for those of us who don't cover economics for the TV basically explain how this works relative to other ideas that are out there yeah thanks for having me this is basically a a wage subsidy so basically means that the government would cover anywhere up to eighty percent of wages and benefits for an employee it in and it's really by up to forty five thousand in Valerie and benefits so what that means is that for employers that are suffering from closures or from revenue decline they would have sort of a a partner in paying their workers which is the government so essentially when we say tax credit if you dig it comes off of whatever taxi company would know does it turn into a surplus if if the number it adds up to they get a check back from the government they can basically if you know the the amount of the credit is the percentage of wages that that they would get and then but the company does to get the money is instead of sending it payroll tax instead of sending him even like the employees income taxes they just tell the government how much the employees they're withholding for the employees and they have to keep that money so one of the advantages of this is that it's really fast instead of spending money in the company and the employer just keeps it and then on top of that if there's not if that's not enough to cover the full amount of the subsidy you can file a special form to get money back faster for the IRS so this is a for a small business means the quarterly tax payments the bi weekly payrolls all that they could be sitting on cash that otherwise would be heading to Washington exactly the idea is just to turn the payroll system the plumbing of the payroll system around instead of like companies and employers spending money and they get to just keep it potentially get some back it is a real key distinction between the way this works now and under the expanded proposal for small firms versus large firms small firms from employers can get credit for paying people whether they're working or not and larger firms can get only if they're paying people not to work it's actually furloughed and your reporting founded tell Democrats and Republicans alike seem relatively warm to this idea yeah I mean for for Democrats it's a fool like the payroll tax cut the president wants but there's some advantages to it over that okay this has to be somewhat larger per employee and it's more targeted and and for publicans they're really looking for an off ramp from the six hundred dollar a week extra client benefits looking for ways to kind of support the workforce encourage hiring and and retention without necessarily keeping unemployment benefits quite as high and and so it could be tricky though going forward trying to figure out how to calibrate this because they're certainly going to be some plaintiffs out there where there's going to be extended unemployment into ministries for a long time so how do you have to manage that while also trying to encourage people to stay on payroll and hire people back
LATAM was profitable before pandemic, now facing a “collapse in global demand”: CEO
"America's America's biggest biggest airline airline lan lan tam tam is is filing filing for for chapter chapter eleven eleven bankruptcy bankruptcy here here in in the the US US passenger passenger and and cargo cargo flights flights will will continue continue to to operate operate tickets tickets are are still still good good employees employees will will still still get get paid paid during during the the process process the the CEO CEO says says the the airline airline was was profitable profitable for for the the pandemic pandemic now now needs needs to to shed shed some some of of its its mounting mounting deaths deaths
LATAM becomes largest airline yet driven to bankruptcy by coronavirus
"Airlines which is Latin America's largest air carrier sought bankruptcy court protection in New York after the Copa nineteen pandemic grounded flights across the region chapter eleven petition allows like them to keep on forty one lecture lane carrier works out a plan to pay creditors and turn around the business I have a bankruptcy loan but much is nine hundred million dollars on hand
Why many Facebook work-from-home employees will earn less
"We're going to start walking into what has become one of the most shrill debates in Silicon Valley these days and that's Cola Aka cost of living adjustment. Facebook made waves last week. When it said that perhaps a majority of its employees could be remote in the coming years but then CEO Mark Zuckerberg also said that those employees should expect a cost of living adjustment if they move to cheaper locations legis state that I cost of. Living adjustments have been policy companies for literally decades so while there has been intense debate about the comments facebook over the weekend. The reality is that these rules are basically how the rules have been forever to me though. Those rules are going to be completely broken down in this new world back in early two thousand eighteen. I wrote a piece called digital nomads. Are Hiring and firing their governments which talked about how governments are having to directly compete for the Knowledge Workers of the Sentry? I wrote with the increasing flows of migrant talent. We are witnessing the rise of new network sovereignty where people have attachments to countries built up over a lifetime of mobility and they may not even live there in its ideal form network sovereignty lines up with liberal values of open trade open borders and human freedoms highly skilled migrants have choices on where they want to live and their demands for quality of life amenities rights and freedoms create competition among governments to be more open and satiate those desires a country that even implies that it is backtracking on that openness can suddenly find a gaping hole in its incoming stream of talent one that might not be easy to repair mobility essentially becomes the new bill of rights. Now for those who don't know network. Sovereignty is one of those terms you use at a cocktail party to make sure everyone knows your Dick but beyond that now. The tech workers are being released from there. Highway one prison. I'm sorry I mean suburban corporate headquarters who is going to stay and who is going to leave one seat. Visa talked to over the weekend said that he expects managers at Major Bay area tech companies to be the ones heading out the ones who are making more than two hundred and fifty thousand have stability at home and at work and finding want to own a home that the bay area has made also elusive. That might actually improve the economics for some startup. Founders who can't compete with big tech on salaries networking though will still be the most critical function of these workers which is perhaps why one startup is getting another smack of the good stuff run the world which is at run the world dot today which is both an amazing and a bat bleep. Crazy oral is a platform to run virtual events with more meaningful connections between ten dis as well as with the host and recent Horwitz lead four point three million dollar seed round there was announced in February and now the company over the weekend announced a ten point. Eight million dollars series a led by Andriessen and new lead founders fund speaking to my colleague Lonzo's Co founder and CEO Shailene to said since we launched in February and waved all set of fees for events impacted by the coronavirus. We are receiving hundreds of inbound event requests each day which frankly sounds like exactly the kind of growth investment. That people are looking to make these
Deadlines for laid-off workers to get health care coverage looming
"There our first deadlines approaching for laid off workers seeking to get health insurance through obamacare colonel Scott when the pandemic cost workers their jobs with it went their health insurance the affordable Care Act provided a two month special enrollment period for those workers to get coverage that opportunity will end next week in several states industry experts say the reason many of missed out on securing coverages most don't know where to find a plan at a rate they can afford meanwhile the trump administration still hoping to clear the ACA unconstitutional has not promoted options the nonpartisan Kaiser family foundation estimates eight in ten of about twenty seven million who've lost their benefits would qualify for obamacare coverage in some
Businesses Complain Generous Jobless Benefits Make It Hard To Find Workers
"Tens of millions of people are out of work because of the corona virus but if they apply for unemployment they get six hundred dollars a week which is more than some were making in their previous jobs. That was a deliberate effort. By Congress to cushion the economic fallout from the pandemic but now those benefits are getting a second. Look here's NPR chief. Economics correspondent Scott horsely preschool teacher. Lady Morris has been out of work for more than two months but the Portland Oregon Childcare Center. Where she worked is thinking about reopening. Moore's is dreading it as much as she loves the infants and toddlers. She used to care for. They always have naughty faces. It's just one cold effort and other. That's just the name of the game in daycare and it feels just like an epicenter for spreading disease and it feels really scary to go back to that preschool. Teachers don't make a lot of money. Thanks the extra six hundred dollars a weekend. Unemployment benefits the federal government offering during the pandemic. Moore's is actually making more now than she did on the job. She hate to give that up if she and her fellow preschool. Teachers are called back to work. It's terrible to say but we're all doing better now. It's hard to think about going back to work in this pandemic and getting paid less than we are right now. Where we're safe at home and minute quaranteed. Atoms of Gravel Switch Kentucky is in no hurry to go back to work either. The cracker barrel restaurant where he worked has just started offering limited indoor dining again after weeks of takeout. Only service. Adams's worried though. Too many people are still getting sick. I don't feel like it's over yet. I would wait to see as things we open. If the case load increases again for now Adams has decided to stay home mostly out of concern for the four elderly relatives. He lives with but the extra six hundred dollars a week and unemployment. He's receiving did factor into his decision. I would say it has to some extent it still really needs to be more about my family members but it's been very generous having the cares act. Some business owners complained that generous unemployment benefits are making it harder for them to find workers. Rachel Davis runs a consignment shop in Warren's bird Missouri since reopening this month she's been buying hand sanitizer by the gallant disinfectant. Is My new fragrance. She jokes she's living traffic in the store to three customers at a time and everyone who comes in must wear a mask customers have thanked us for that and my sales are actually up since we reopened. Davis also gave her part time employees. A modest raise but the ten to eleven dollars an hour. They make is far less than they work. Electing on unemployment one of her four workers has not come back. I know I shouldn't take it personally. That she's doing what she feels is in her best interest but as an employer actually. Kinda hurt economist at the University of Chicago estimate. More than two-thirds of the workers unemployment are making more in jobless benefits than they did at work in some two to three times as much. That's a stark reminder of just how low the pay is in many hard hit industries when millions of low wage workers were suddenly forced to stop working to protect public health economist. Joseph Vavra says there were good reasons for the federal government to step in with some relief. Getting people money today so that you can buy groceries and NOCCO hungry getting people money so they can pay their rent. The basic necessities of life kind of makes sense still bobber and his colleague. Peter Gong say the flat six hundred dollars a week. Benefit does create questions of fairness especially when other low income workers are still on the job doing essential. Work if you're a janitor and you work at a hospital you're facing increased risk at your job and likely have not received a pay raise but if you're janitor and you worked at a school that's shut down and you actually get fifty percent raise from claiming unemployment benefits likewise retail workers on furlough or collecting forty two percent more on average from unemployment than the grocery workers who are still busy stocking shelves. The six hundred dollar week benefits are set to expire at the end of July and Congress has to decide whether to extend them good on. Bava argue with double digit unemployment. Maintaining some kind of increased benefits will be vital but they suggest those benefits could be more closely to workers old paychecks so as not to discourage a return to work so new chartier and her husband opted not to go back to their old jobs with a Wisconsin. Furniture store customers. There aren't required to wear masks then short worries about infecting her mother-in-law. We're lucky and we can decide to stay home. And I'm grateful for that and I know so. Many people can't make that decision and I. It's really hard but we don't have feel like it's safe to go out short to your nose turning down. Her old job may cost her unemployment benefits and she started look for new jobs. Maybe one she can do from home or while. Otherwise avoiding risk her number one question for would be employers. What are you doing to protect your workers?
Europes data-privacy law turns 2. Has it actually made our information safer?
"This week marks two years since the general data protection regulation went into effect you know. Gdp are for a while. They're in the before times. It's all anybody talked about. It's a massive set of data privacy regulations created by the European Union and affecting any companies. That operate there. It is also the template for California's new privacy law the CPA company spent millions of dollars on GDP. Our compliance people expected finds so big. They'd put big out of business and none of that exactly came to pass but what has the GDP are meant for consumer privacy and more importantly our awareness of how're data gets used by companies. Jessica Lee is a partner with the law firm. Loeb and Loeb who specializes in privacy and she says so far. It's a mixed legacy we've heard complaints. Gdp are is kind of you know the dog that didn't bite. It was supposed to come with all of these big fines and enforcement. And that's really what got companies scared into compliance and two years later. We'VE HAD SOME FINES. But we certainly haven't had two or four percent of you know annual turnover. No one's going out of business You know even at the very high and defined it's still you know there's nothing in the billion dollar range and I you know. The enforcement has sort of trickled out as opposed to been this mass explosion of enforcement and so I think that's caused some frustration on the enforcement side but that threat of enforcement caused a lot of companies really to comply and I think compliance was the point. And so that's why I would give it you know in the B. B. Plus Range So companies did make changes. Do you think those changes will be lasting? I do I think that after the are you know obviously in the US we have the CPA. There's a law in Brazil. Multiple countries are standing up their own privacy regulations while they're not you know kind of exact matches to the GDP are they do reflect a lot of the fundamental principles and. I don't think it really makes sense to stand up a program like Something that comply with the GDP are and then tear it down because there wasn't enforcement because there could be enforcement and I think that while we haven't seen it at the levels at some were hoping for the threat of enforcement I think will still cause companies to keep their compliance programs in place up to date not perfect. I won't say that everyone's perfect. Maybe that's part of the complaint but I think that will keep it on the radar as a priority. Do you think there's anything that has trickled down to consumers like I feel like the most visible change. Is the annoying cookie disclaimers like if anything the Internet. Got a little more annoying for us. I wonder are there any other benefits that you can point to? I think this as a general matter consumers generally or more cognizant of privacy online and I think we still have a long way to go a lot of my complaint with some of the privacy regulation is that it doesn't contemplate consumer education enough internally. I think that companies do implement the Judy Pr's principles that your data might be held and be processed in a more compliant fashion meaning. You're not collecting more than you need. Or maybe there's additional security controls in place or maybe it's not being shared as widely or without you know contractual protections. Maybe it was before so there are things that are benefiting consumers that they probably can't say do you think that GDP are actually really did change the way that companies think about data and privacy or that this sort of like ongoing awareness campaign will lead to sort of a philosophical shift companies? I do I think so. I probably has a bigger impact for US COMPANIES. And we're going to see this domino effect of privacy regulation that you know if you weren't thinking about it for GDP are you'll think about it for if you're not thinking about it. I see CPA. You'll be thinking about it for the law that ends up in your state or the federal law that we have like you'll they'll be get to a place you can't avoid kind of following these principles although we are now seeing those principles collide with the covid nineteen outbreak and we've talked to futurist and legal scholars who are saying privacy. Might end up being a bit of a casualty of the pandemic so I wonder how those laws are going to interact with what public health officials may see as a need for greater surveillance or more data. Oh definitely I mean. I think we were always headed toward surveillance and so these laws weren't going to stop us from getting surveillance. The goal would be to get us there in a more responsible fashion. Which is I think the benefit of the GDP are is that because it's principles based even if you do do a lot of data collection even if you do do enhanced surveillance I think there are still some fundamental principles that will be in place The US laws are kind of more spotty and more prescriptive and so we don't have that kind of principles based approach to privacy. And I think that's GONNA leave us in a tough spot because I do think that we always have to make a trade off right so online. Sometimes a trade off with data is do I want access to content for free or you know or do I am I am. I willing not to search on the site because I don't want to give them my information. I think the stakes are obviously much higher. Where we're talking about cove nineteen. I think people are going to be willing to accept. More surveillance will be willing to give over more data to get freedom right to be able to go back outside again with some level of comfort. We're going to be pushing in the direction of surveillance and the question is. Will we be doing it in a way where we have responsible rules in place? Are we going to do it in a way where we might be in a little bit of a free for All Jessica? Lee is a partner with the law firm. Loeb and Loeb. Who Specializes in privacy
Samsung Group heir questioned by prosecutors over contentious 2015 deal
"And in fact Samsung boss Jay Y. Lee has been summoned by prosecutors in Seoul amid an investigation into alleged accounting fraud in the twenty fifteen merger of two affiliates that sealed his rise the call comes days after he publicly apologized for the conglomerate's Rowland scandals around the succession we will be asked about any illegal actions during the merger of sounds and C. and T. and Cheil
Coronavirus: US suspends travel from Brazil for foreigners
"Through coronavirus cases arising in Latin America A. B. C.'s Ian Pannell says Brazil is the hardest hit control hospitals and morgues and our capacity even mass graves have been dug for the growing ranks of the dead this is Brazil's president Bolsonaro attended another massive anti lockdown rally Sunday a post wearing a mask but later taking a toll greeting supporters at the White House is already banned travel from Brazil with the exception of American citizens who were returning to the US from that
Japan's Marvelous shares untraded as China's Tencent takes 20% stake
"Tencent is by a twenty percent stake in Japan's video game developer marvelous marvelous says image frame investment a wholly owned unit of Tencent will spend about seven billion yen oh sixty five million dollars to buy stock in the company this will give marvelous the capital to develop its game franchises and bolster the content that Tencent can offer its uses and Tencent shares in early Hong Kong trading up by almost one percent
Two Hairstylists With Coronavirus May Have Exposed More Than 140 Other People
"Dozens of people one southwest Missouri Harris on may have been exposed to covert nineteen according to health officials to stylists and one Springfield Missouri hair salon of tested positive after exposing as many as one hundred forty seven clients and coworkers officials say all those involved wore masks and were advised to self quarantine only if they develop symptoms because the salon kept detailed records of its customers contact tracing was relatively quick after positive testing the facility was closed for cleaning and sanitizing statewide hair salons were closed during the lockdown but were allowed to re open may fourth as restrictions are
California opens places of worship, in-store retail businesses
"Retail in store shopping in church services have been shut down in California under some of the most restrictive coronavirus rules in the country but that is beginning to change public health officials there announced today some businesses as well as churches synagogues and mosques will be allowed to re open it with only around twenty five percent of capacity and some of the houses of worship the maybe other restrictions as well including limited singing and no collection
Sonoma County gets clearance from California to reopen outdoor restaurants, wineries
"Sit down dining is allowed again in cinema county as long as it's outdoors as part of a revision of the county's public shelter in place order as area moves into stage two of the state's reopening plan the change went into effect after midnight Saturday morning wineries or breweries and bars we also open for outdoor dining if meals are served cinema county health officials are allowing the outdoor activities because they pose less of a risk of virus transmission and then indoor activities only members of the same household are allowed to sit at the
Philadelphia region to enter COVID-19 yellow phase on June 5, Gov. Wolf says
"Back here in Pennsylvania governor Tom wolf says the Philadelphia the surrounding suburbs could move into the yellow phase of his re opening plan on June fifth Hey what are you just include a check in with the business in Delaware County about the preparations they're making we K. Y. W. talk with Angela Harris of the fall crop diner back in March she was cutting her step in making adjustments for to go orders only to fall in line with governor Tom wolf's directive to stop dining eating a business model that was not sustainable for them we close for a little over a month and a half and just recently made the decision to open back up for take out here says the governor's plan to try and move our part of the state to a yellow partial opening on June fifth is welcome news even though restaurants and bars will still be limited to carry out and delivery she says that's because it means they're one step closer to fully re opening something they'll do with a new look we're going to put a partition between the days we put this glass wall completely around our cashier does says before the shut down she had a staff of about thirty waitresses and waiters and now that number is down to four quick she's anticipating getting more of them back to work I would love to see everybody's faces in here and be able to talk to them I miss a lot of the customers into the yellow face feeders nail salons barber shops and casinos must remain close
German court ruling clears the way to settle VW diesel cases
"A German court has ruled that Volkswagen must buy back cars from owners of these these cars equipped with software that evaded emissions testing but consumers must accept the current value of the car based on the mileage they drove since buying it the decision affects some sixty thousand individual claims brought by car owners in Germany around two hundred sixty two thousand of those have already been covered by a nine hundred four million dollar class action settlement Volkswagen said the decision announced it will clear the way for settlement of remaining consumer claims in Germany Volkswagen was caught cheating by US authorities in September two thousand fifteen and has since paid more than thirty six billion dollars in fines and settlements worldwide I'm sorry I shockingly
Visa: 13 million Latin Americans made first-ever online purchases in March quarter
"Related shutdowns have pushed more people to buy things online for the first time visa says all mind spending for the month of April was up eighteen percent in Latin America thirteen million visa card holders may be E. commerce purchases for the first time ever during the recent quarter that's about two of every ten active visa card holders in the region visit chief product officer Jack for still tells marketwatch the company seeing a massive acceleration toward E. commerce these is also predicting more customers will be switching to new cards that allow you to touch to pay and for still says the company's created a special dispute monitoring programs to help resolve issues when card payments get reversed
Apple Buys the Rights to Tom Hanks Movie "Greyhound"
"Just spent seventy million dollars to get the new. Tom Hanks movie which was supposed to appear in theaters about and Can't obviously normally what the what producers have been doing is putting them on for. Twenty Dollar Reynolds. I watched a number of movies that were supposed to come out. We just watched Emma The Hunt that was wild paid twenty dollar rental but that we would have paid that much to go. See it in the theater so that was okay. This is interesting this movie Greyhound. Which is all done will premiere on exclusively an apple. Tv Plus and the bidding war for the Sony pictures movie which was supposed to come out father's Day. Really heated up apple ended up paying according to deadline seventy million dollars for this movie which was written and produced by Tom. Hanks well I think it's a it's a prestige play as much as a they're not gonNA make the money back with subscriptions.
Some people are making bread in quarantine. Others are making TikToks
"The short video platform tiktok was already a big hit before the pandemic but since so many people have been stuck at home since march a lot. More people are discovering it and even though tiktok is in the news for its new. Ceo kevin meyer. Who was poached from disney and for record labels who think the service should pay more to publishers and artists for using their songs and for actual calls to ban it in the us over its chinese ownership and security and privacy fears. Well people like marketplace own. Hey super alvarado are finding that in quarantine. It's just kind of fun. More than three hundred million people downloaded tiktok in the first quarter of this year. That's fifty percent more than last quarter and total two billion downloads. Laura pearson a student at usc who happens to be my roommate started hearing huge buzz about tiktok ride before her spring break. Her friends were sending her lots of links sketches and dance videos. So she downloaded the out thinking. Yeah nice easy way to kill some quarantine time. It's like this cute little app. You can record videos. She started to spend more and more time on tiktok when she wasn't zooming into her classes soon enough. She started producing. She recruited arlene. Pereira are other roommate. She's of course also home from her teaching job at el camino college here in southern california. They chose zico's any song. So we spent the whole night trying to figure out how to do the dance and have a certain level of swag arse it out of the way in the living room wall. My roommate's discovered how much time it takes to perfect tiktok dance and that just gave me a whole new perspective on tiktok that you see these super silly videos but boy is it quite the production darlene. Then we all decided well. Let's do this. We invested in a really nice phone Tripod with a Cute Little Bluetooth control on Amazon. You can even find bundles. Called Tiktok kits including a ring light tripod and some other fancy stuff with prices ranging from forty five sixty and even up to ninety bucks. My first tries to sketches not amazing but still funny right now. Almost two thirds of tiktok users are under the age of thirty four. It's especially popular with eight hundred. Twenty four year olds. Yup that's us. Talent agents are getting in on the action managing famous tiktok trying to get work in Hollywood and connecting social media. Influencers already making big money. Laura is showing the TIKTOK universe for crocheting wizardry and as for our lean. She has a few dance. Talks and droughts including one two the song wannabe by the spice girls and for me keeping my day job for now that was marketplace
Shetler Studios In New York City Closes Due To Economic Downturn
"Theaters large and small across the country are closed. Due to the coronavirus pandemic which means a lot of businesses that support them are also on hold and one of those with Shetler studios in Manhattan. It was a place where New York theater artists from. The famous to the yet to be discovered auditioned and rehearsed but shetler studios announced that a can't hold on as Jeff London reports this iconic studios closing his sent shockwaves through the theater. Community cabaret producer. Robert Schneider says he worked on almost all of his shows. It Shetler Studios. Shetler was a big blow to a lot of us because to us. That's the home. That's the home. Wear whatever you see on stage. That finished product was all created at Shutler. Schneider says it was affordable so it attracted everyone from Broadway stars to up-and-comers he recalls waiting for an elevator that took forever with a group of college students. And I hear one of the girls say boy I just WanNa get an agent and be successful. I don't know what's going to happen next for me. At the same time she gets on the elevator the other elevator doors open and I swear to you. Christine Baranowski walks out to me. This is incredible. You're watching someone who's reached the peak of their journey right next to someone who's just beginning their journey but that's Shetler and that happened like on a daily basis. Shetler is part of the New York theater community as much as Phantom of the opera or something way more visible is theater and cabaret producer Jennifer Ashley Temper. The second that this was all announced and I posted about it so many people came out of the woodwork. To like talk about Shetler. There's no one that hasn't worked there when he heard. Shetler was closing Lin Manuel Miranda's sent out a tweet recalling how he tried out Hamilton material there. Oh my goodness. The odds of sadness in grief over the death of the studios has been literally overwhelming owner run. Shetler opened his facility. Thirty years ago it grew to twenty three thousand square feet on three floors and we pride ourselves in being a professional home away from home. Not only for teaching acting and singing but for auditions rehearsals in performing all in complex for Fifteen Years Janice Goldberg Co directed. The End Theater Company. A tiny off Broadway group and says she sometimes spent five days a week at Shetler studios. It's almost visceral loss. If you've spent so many hours in a place doing something you love and bringing ideas and people's work and your own work to fruition have that energy behind you and then all the sudden that's taken away forever. It's a blow but owner Ron. Shetler says he felt he had no choice but to close the enormous way to finances required to put everything on hold in the fact that everything that we do in the studios can't be done under the confines of the covert Pandemic Protocol and that the entertainment world will be the last open up again. That made the decision quite imminent. I DIDN'T WANNA stick my head in the sand and just Deny what was going on again producer Robert Schneider. It's very hard for me. Because the beginning of my career in the city was all done at Shetler I practically lived at Shetler and now I'm going to have to find new home but those memories I would not trade for anything for NPR news. I'm Jeff London in New York.