35 Burst results for "$5 Billion"

Jim Ratcliffe launches late $5 billion bid to buy Chelsea

AP News Radio

00:31 sec | 3 weeks ago

Jim Ratcliffe launches late $5 billion bid to buy Chelsea

"Jim Jim Jim Jim Ratcliffe Ratcliffe Ratcliffe Ratcliffe place place place place that that that that then then then then S. S. S. S. three three three three offers offers offers offers from from from from American American American American investors investors investors investors were were were were already already already already being being being being assessed assessed assessed assessed as as as as a a a a sale sale sale sale process process process process nears nears nears nears the the the the end end end end Rockliff Rockliff Rockliff Rockliff the the the the chairman chairman chairman chairman of of of of chemical chemical chemical chemical giant giant giant giant ineos ineos ineos ineos is is is is a a a a Chelsea Chelsea Chelsea Chelsea fan fan fan fan who who who who owns owns owns owns European European European European teams teams teams teams knees knees knees knees ankles ankles ankles ankles on on on on his his his his company company company company says says says says over over over over half half half half the the the the bit bit bit bit is is is is committed committed committed committed to to to to a a a a charitable charitable charitable charitable trust trust trust trust to to to to help help help help victims victims victims victims of of of of the the the the Ukraine Ukraine Ukraine Ukraine war war war war Chelsea Chelsea Chelsea Chelsea was was was was put put put put up up up up for for for for sale sale sale sale in in in in March March March March after after after after Russian Russian Russian Russian owner owner owner owner Roman Roman Roman Roman Abramovich Abramovich Abramovich Abramovich was was was was sanctioned sanctioned sanctioned sanctioned by by by by the the the the British British British British government government government government over over over over his his his his ties ties ties ties to to to to president president president president Vladimir Vladimir Vladimir Vladimir Putin Putin Putin Putin they they they they only only only only shot shot shot shot in in in in London London London London

Jim Jim Jim Jim Ratcliffe Ratc S. S. S. S. Ineos Ineos Ineos Ineos Ukraine Chelsea Chelsea Roman Roman Roman Roman Abramo British British British Britis Vladimir Vladimir Vladimir Vla London
Two Distinct Views on Energy Between Trump & Biden

Mike Gallagher Podcast

01:15 min | 2 months ago

Two Distinct Views on Energy Between Trump & Biden

"We weren't stuck with anybody in the Oval Office just a short year and a half or so ago. Town hall put together a little retrospective to distinctly different views on energy, remember this guy? We have more oil than anybody, okay? And it's an incredible thing that it's happened over the last few years, a lot of great things, and you're paying what $2 a gallon for your gasoline. That's okay. You know what? That's like, that's like a tax cut. That's bigger than a tax cut. If Biden got in, you'd be paying $7, $8, $9, then they said, get rid of your car. Last month, we announced a $5 billion investment to build out a nationwide electric vehicle charging network. So the people from rural to suburban to urban communities can all benefit from the gas savings of driving an EV. Now, depending on your ideological perspective, you either like the first voice you heard or the second one. Being, of course, transport transportation secretary, Pete Buttigieg. And you just heard Biden, driving electric vehicle. That'll solve the problem. Wow.

Oval Office Town Hall Biden Pete Buttigieg
"$5 billion" Discussed on WTOP

WTOP

02:11 min | 5 months ago

"$5 billion" Discussed on WTOP

"That people be moved from emergency shelters in order to prevent the spread of COVID At the same time the president praised the outpouring of support from reeling communities So was this the longest tornado in American history at 250 miles traveling from Little Rock through western Kentucky This morning Dimitri puts that question to doctor Steven straighter meteorologist and disaster geographer at Villanova university We really don't know yet I think in the next few days and weeks we will learn whether this was one long continuous track tornado which seems to be somewhat plausible or if it was a family of tornadoes produced by the same storm where the tornado would lift at certain points during the life cycle and then place another tornado back down As it traversed four states at this point So time will tell it really depends on what the national weather service and all the experts are out there doing on the ground to make the survey complete This type of long tracked event is going to take a while Is it unusually difficult to have a sustained tornado for 50 miles or even 5 miles Yeah far majority of our tornadoes are fairly weak They may be a few hundred yards wide and last few minutes if not seconds But when we get to tornadoes that are over 60 miles long we start getting into the realm of long track tornadoes Events like the April 27th 2011 tornadoes that struck the southeast across Alabama and Mississippi The 1974 super outbreak These are large scale tornado outbreaks that produce multiple long track tornadoes And of course if the tornadoes on the ground for much longer and tracked across the landscape much farther it has a greater odds of hitting us or people and causing damage What is the link between climate change and tornadoes especially these storms with a tremendous duration Yeah so this is a really fantastic question And it's something that researchers have been asking in recent years I will say right now that climate attribution science when we try to figure out what role did climate change play and hazard events at the very bottom of the list in terms of our understanding is severe and convective weather That would include tornadoes wind and hail But I would say over the last 15 years we've made great strides There's been individuals who have taken it upon themselves to create climate models and analyze climate scenarios to better tease.

Steven straighter Villanova university Dimitri Little Rock national weather service Kentucky Mississippi Alabama
"$5 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:18 min | 6 months ago

"$5 billion" Discussed on Bloomberg Radio New York

"It is 9 30 a.m. in Hong Kong and here in Singapore I'm Juliette Sally We have training underway across much of Asia to hang things index opening higher by 1% in Hong Kong The CSI 300 is unchanged but we are seeing gains across other markets within UK Cosby and ASX 200 all up by around one or 1.3% Doug will fill us in more on market shortly Well SoftBank meanwhile planning to raise its exposure to India so far this year the Japanese conglomerate investing $3 billion in the country his SoftBank CEO Rajiv mizra We could invest another $5 billion in $10 million in 2022 If you find the right opportunities at the right valuation So fan share is up 2.2% in Tokyo It invested early in the Indian market taking a stake in the ride at highland giant ola and the ecommerce leader Flipkart The company also invested in the digital payments pioneer paytm which is set to raise two and a half $1 billion in its IPO SoftBank has an investment team of over a dozen in India perhaps the biggest team for foreign investment in the country What did you say is preparing to reintroduce its apps in China by the end of the year this first reported by Reuters the news comes as Chinese regulators wrap up their investigations of the ride hailing giant Beijing launched a cybersecurity probe in July and ordered duty to remove its services from Chinese app stores They actually coming just days after the company went public in the United States Reuters says Dede has been making changes to its apps to ensure they comply with the new personal information protection law and it took effect on November 1st The relaunched abs will include an updated user agreement and that clearly defines what data will be collected and how it will be used So let's get over to New York now for a market check with Doug krisna Doug Hey Jules I'm tracking shares of Alibaba in Hong Kong session stocks up 1% The ADRs in New York were higher by 2.4% today after Alibaba reported a blowout sales figures for singles day rival JD.com in the New York session was up by a little more than 8% So we've had a lot of positivity for equities in Asia over the last 24 hours in particular mentioned the Alibaba news there was also a report on the ride hailing company DD global getting ready to relaunch those apps And then over the last few days on the mainland a number of state media reports indicating that the government may be supporting measures to help property developers attack the credit markets in China Shanghai composite right now is higher by just a tenth of 1% but in Hong Kong we've got the hang sang advancing by about 9 tenths of 1% Its healthcare and information tech out in front of that advance meantime in Tokyo we've got the nikkei hire by 1% real estate stocks in the Japanese session leading the gains and right now in Sydney looks like the ASX 200 is a head 1% material shares in this case leading that advance and sold the cost be now rising by about 1.3% along with material healthcare and industrial shares rising Long-term interest rates moving up in the Tokyo session with the U.S. ten year treasury at 1.57% So we've picked up about two basis points in the Tokyo session more on markets in 15 minutes Juliet Okay it is 33 minutes past the hour time.

SoftBank Hong Kong Juliette Sally Rajiv mizra paytm Alibaba Reuters India Asia Doug krisna Doug Hey Jules ola Tokyo
$7.5 Billion Tax Payer Dollars for Electric School Busses?

The Charlie Kirk Show

01:37 min | 6 months ago

$7.5 Billion Tax Payer Dollars for Electric School Busses?

"Why are senators and congressmen that represent red states? That have massive oil and natural gas production, going along with the following. The infrastructure package will spend $7.5 billion for electrical vehicle charging stations, with which the administration says is critical to accelerating the use of electrical vehicles and to curb climate change. It would also be available for a $5 billion of purchase for electric school buses and hybrids, reducing reliance on school buses that run on diesel fuel. So, for the representatives from states like Pennsylvania, like Brian Fitzpatrick, or from West Virginia, like David McKinley, or from North Dakota, why is there a support of an agenda that will destroy the oil and natural gas production from the Marcellus shale? To the Balkan, isn't that a major job producer in your state? Modernizing the electric grid. By the way, this makes Pete Buttigieg, one of the most powerful people in Washington, D.C.. You are giving him a $1.2 trillion as the head of the Department of Transportation to allocate towards his green energy cronies as he sees it as he sees fit. Of $1.2 trillion of additional spending on top of the trillions of dollars we spend every single year on top of the stimulus packages we've passed in the last 12 months. Is that what we went and elected Republicans to go do?

Brian Fitzpatrick David Mckinley Pete Buttigieg Washington, D.C. West Virginia North Dakota Pennsylvania Department Of Transportation
"$5 billion" Discussed on Today, Explained

Today, Explained

12:31 min | 10 months ago

"$5 billion" Discussed on Today, Explained

"Your unvaccinated friend. No i should say his you can talk about your unvaccinated friend. You can talk about. Who knows the booster shots. Anything you want you know what you can do. you can not talk about this pandemic. i bet you can't wait to not talk with this pandemic or maybe that's just me anyway. Our podcast is sponsored by better health and our listeners. Get ten percent off their first month of online therapy. Better health dot com slash explain. That's ten percent off your first month at better help. Dot com slash explained better h. e. l. p. dot com slash explained support for the show comes from business wars specifically business. Wars birth of vegas. Have you heard of that one. Every year. tens of millions of visitors flock to las vegas unhappily empty their wallets into the city's economy but unlike the other things that happened there it turns out that money that's spent in vegas doesn't always stay in vegas. Throughout the twentieth century untold sums have been laundered through the las vegas strip while casino. Owning billionaires exerted untold influence on american business and politics. And you'll hear much more about it on business wars birth of vegas from wondering the show explores how vegas went from a sleepy desert town to a financial powerhouse with a dark side. You can find business wars per vegas on amazon music apple podcasts or you can listen one week early and ad free by joining one re plus in the wondering at morale's this from having friends just and we were talking about your investigation into how the tech billionaire peter thiel has used a roth. Ira to avoid taxes on billions of dollars worth of investments. And it sounds like he didn't do anything strictly illegal. We talked to a bunch of tax lawyers and ask them precisely that question and what they told us is. There's several rules that you can't break and one of them is that when you're using one of these. Ira accounts to make an investment. You can't pay less than the real value for that. Investment and the concept is pretty simple. Like if you only have two thousand dollars to play with you can't just take that two thousand dollars and buy something that's actually worth. Let's say fifty thousand dollars and put that into your roth if you do that. You're basically blowing up the contribution cap that congress imposed right. We don't have all the information here but one thing that we found that is potentially relevant. Is that pay pal later. Disclosed in some filings that the founders shares that peter thiel bought in the company for a tenth of a penny each were actually sold at below low fair value. That's the phrase they use in the in the sec filings and we showed that to some lawyers who specialize in this kind of thing and they said basically a big red flag and you can't buy shares with an ira for below fair value. It could be a sort of illegal way of getting around the two thousand dollar contribution cap now again. We don't have the full university of information here. We basically laid out laid out what we knew. And we asked peter thiel spokesman about this in detail and they didn't respond to our questions who decides whether you know a tenth of a cent is fair value or not whether that was just allied to sneak an investment into a roth ira so the company itself at that stage which parenthetically peter thiel was ceo and chairman of so it wasn't like he was unrelated party But but the company itself is setting the sale value at that point diller. Question is well. Well who's actually supposed to be enforcing these rules and the answer is the irs But are reporting found that the irs for years has been doing exceedingly little to enforce rules On these ira accounts and you know we spoke to lawyers in this industry who said that the irs has just been kind of missing an action in this whole area. And there's you know there's reasons for that that also have to do with congress cutting. The budget of the agency and that sort of thing is deteriorating. After eight years of government budget cuts. The lack of funding reportedly left the agency understaffed and operating with outdated equipment. It's very hard to know from the outside whether the irs looked at this and if they did look at it what the outcome is because these things are private but that's sort of still an open question and that implies that a lot of people might be doing this kind of thing. Yeah well what we found. Also would congressional. Investigators have found previously. Is that peter. Thiel is certainly not alone. In using this strategy of buying private companies stock with no generally agreed upon market value with one of these tax advantaged. Ira accounts people may remember Sort of ancient history at this point but a decade ago. When mitt romney was running for president as the republican nominee. It came out that he had an ira Worth in the tens of millions and at the time people were quite shocked by that to go from four hundred fifty thousand dollars and turn it into a hundred and two million dollars. As romney. Claims he did is an increase of two hundred and twenty seven times. The question is how did this happen. Not mitt sating so mid right and it came out. The wall street journal looked into it and this was to some extent speculation but the wall street journal had good reporting suggesting that it was sort of a similar situation to -til that that mitt romney in his days in private equity basically mitt romney's other private equity guys had been buying very low priced shares. That that did not have a public market value with their ira accounts. And that's sort of the key with your ira. You wanna get in assets that are worth very very very little. She can kind of sneak in under the contribution cap. And then if all goes right the the value explodes in short order and suddenly you have all these special money to play with. So what what are. We left to assume that that a lot of wealthy people are sort of manipulating the system. The same way. Peter thiel was or is well. You know it's hard to get a sense of numbers but the records that we have show that there are A considerable number of ultra wealthy people including billionaires that have tens of millions in some cases hundreds of millions in these ira accounts. I mean actually even warren buffett of berkshire hathaway one of the richest people on the planet has a roth. Ira that was worth. I believe over twenty million As of a few years ago which obviously looks pretty small compared to peter thiel but is still quite considerable and way beyond anything that congress ever expected when when they created these. There's other sort of paths to getting a very large roth account. There's this sort of telea path and then there's some other paths but certainly wealthy people and ultra. Wealthy people have seized on these special tax free accounts. And it's for these people. These accounts really don't have anything to do with retirement like warren buffett's going to be fine in his retirement if you ever if you ever retires the reason he has over twenty million dollars in a roth account presumably is that. It's nice to have a special account where you don't have to pay income taxes because warren buffett can't afford to pay income taxes right. I mean if he has called for higher tax rates in in certain respects we did go to him to ask about his roth account for the story in and they didn't respond to our questions. But actually there's another guy at berkshire hathaway named ted weschler. He's Somewhat less of a household name. But he's quite well known in the business world and he has a roth account. That's worth over two hundred and fifty million as of a few years ago and he actually gave us a lengthy statement that we published in which he said like look although i have been an enormous beneficiary of the ira mechanism. I personally do not feel the tax shield afforded me by my. Ira is necessarily good tax policy to this end. I'm openly supportive of modifying the benefit to retirement accounts once they exceed a certain threshold. So i'm taking advantage of this system because it benefits my bottom line but yeah they should change the system. Yeah pretty much i mean. That's that's what he said Which you know we thought was quite interesting candidate. It's familiar argument. I think. I heard the former president make it a couple of times of the nation. Have you want to change the laws. You've been there a long time. Change the laws. But i take advantage of the laws of the nation because i'm running a company. My obligation right now is to do well for myself. My family my employees if the government knows that. There's this loophole that can help the ultra rich. Avoid paying taxes to the government. Why is the government letting that slide. Yeah well i mean the history of retirement tax policy is somewhat complicated. But there's actually some people now in congress most prominently ron wyden. Who's senator from oregon and actually the chair of the senate finance committee which is the job that senator roth the namesake of these accounts used to have wyden has come out after our story was published and said that we should reform these things He actually previously had a proposal that he's revisiting now to just put a cap on the tax benefits and basically this proposal would would cap the tax benefits in ira- counted five million dollars. So of course you know. It's totally unclear whether that will go anywhere whether there's support for that more broadly in congress but there are these reform proposals floating around reform proposals of floating around and meanwhile billionaires like peter thiel and warren buffett and even mitt romney. Who's a billionaire. I believe right unclear actually. He's he's richer than us. Wealthy guy so people inside and outside our government namely the ultra rich in the meantime get to stay ultra rich and pay proportionally less in taxes. In a lot of cases as propublica has reported then average working class people right. Yeah that's right and There's there's sort of a lot of moving parts there. But in large part that flows from the tax code that congress itself has written. Justin elliott is a reporter at propublica the piece that inspired her episode. Today's called lord of the roths. How tech mogul peter. Thiel turned a retirement account for the middle class. Into a five billion dollar tax free piggy-bank. We reach out to peter teal's people about this. Reporting his people did not reach back. Propublica 's story is part of a much bigger series. They're doing based on the tax records of some of the wealthiest people in the country. You can find it. All over at pope publica dot org..

peter thiel vegas irs mitt romney university of information congress las vegas warren buffett Ira the wall street journal berkshire hathaway diller Thiel
"$5 billion" Discussed on Today, Explained

Today, Explained

05:53 min | 10 months ago

"$5 billion" Discussed on Today, Explained

"Much much.

"$5 billion" Discussed on Today, Explained

Today, Explained

08:16 min | 10 months ago

"$5 billion" Discussed on Today, Explained

"Investigative news in propublica published a series of bombshell reports on the state of the american tax system. Are you paying more in taxes than the world's richest men. Jeff bezos and elon mosques surprise. You just might be approp- reporters there got a hold of a trove of tax records for thousands of the wealthiest and ultra wealthiest. People in the country elon musk. Jeff bezos warren buffett the big takeaway the wealthiest americans proportionally speaking are often paying far far less in taxes than your average american worker liberal donut. George soros fulmer neo man. Michael bloomberg billionaire investor. Carl icahn also paid nothing. In federal income tax in certain years over the past couple of decades people are cynical about taxes in the wealthy. But i don't think that people really understood that you could be a multi-billionaire and actually pay zero recently now. If you've experienced american capitalism might not be the most surprising news but what is surprising is how some wealthy americans are avoiding taxes. Not with offshore shell companies or fancy swiss bank accounts but with the very retirement account. That your dad's been bothering you to set up for about six years now the roth. Ira pick your metaphor like it's it's a special tax free bucket. It's an umbrella rapper. You know you can think of it as kind of like an escape patch. Justin elliott reporter at propublica. And we found that this kind of mundane retirement account the roth. Ira that many of us actually have ourselves has been exploited by millionaires and billionaires to create these large tax free fortunes in a way that really was never intended by congress. when they created the roth. Ira we're gonna get to how this all works in a minute but will start with the story of one particular member of the uber. Wealthy attack investor named peter. Thiel peter thiel was a guy who went to stanford Graduated in the late eighties then went to stanford law. School had a couple of short stints working at a white shoe law firm and In finance but he was kicking around silicon valley and got involved in the startup scene in the late nineties and he and several other guys started the company. That would become pay pal. We came up pay pal with combining email with money. That was a secret. It was not an easy thing to to figure out no one else in the world had figured it out but it was far from impossible to do and once we came up with the idea we thought. Wow it's amazing. Once thought of this yet we have to really execute fast before before anyone catches up and and so he became very rich from nad by the early two thousands after pay pal was sold to ebay in two thousand and two and then he became kind of like the peter. Thiel we know today if you know him. Which is he's a prominent Venture capitalist in silicon valley. He was sort of launched to the ranks of billionaires by his investments in facebook and now he runs a venture capital fund invests in scores and scores of tech companies. And what did you uncover about his fortune. The key moment in early history really came in january of nineteen ninety nine. He and several other guys had started this company that would become pay pal and in january of ninety nine -til bot what are sometimes called. Founders shares of the companies are typically cheaply priced shares of the company. He got almost two million shares. But this wasn't a totally normal transaction. Because he didn't buy them for his own account in the normal way you buy stock he actually bought them through his roth. Ira his roth. Ira right so a lot of sort white collar workers have these i. I have one that's Very modestly sized and basically the idea is you. You put some money in this special account and whatever happens in that account you don't have to pay taxes on tax free earnings and distribution as long as you wait to take the money out until the tire so open and fidelity roth ira today. It's named after senator william broth who is a republican senator from from delaware and we went back and looked at what he was saying at the time when congress passed this in the late nineties and and he did say explicitly that this designed to incentivize savings by ordinary middle class. Americans we also provide provide relief to hard working middle class americans by enhancing the individual retirement account congress and the clinton administration Which was Running things at the time did impose some limits that were designed to kind of keep the rich out And one of those limits was very strict limits on how much money you could put into the account and so back in nine hundred ninety nine when -til opened his ross. The limit was just two thousand dollars. It will be a blessing to compass. Americans save repair for the future and beyond helping individual families. These expanded irs while promote investment capital formation and economic growth. Okay what no one predicted. At least as far as we could tell from looking at the record is that people like peter thiel would take it amount of money that was below that two thousand dollar contribution cab and use it to buy just huge volumes of shares of private companies. That didn't necessarily have a clear value So there's pay pal when -til was starting the company obviously was not traded on normal stock exchange. Or there's an agreed upon market value and so the company itself is actually setting the value on its own shares at that period so when -til bought his over a million shares of pay pal in one thousand nine hundred nine. They were actually priced at just a tenth of a penny each. That's how he was able to get so many shares into this roth account even though you only had up two thousand dollars to play with so till buys a tremendous number of shares each for this tiny price which keeps them under the two thousand dollar cap and i think i can guess what happens next but tell me anyway. What happened was those shares. Quite quickly ballooned in value. And because that ballooning happened within this special roth. ira rapper. When peter thiel sold his paypal shares a few years later in two thousand two he didn't owe any taxes. And so you know if you were. I bought a stock. They went up in value and then we turned around and sold it. We owe the federal government usually twenty percent of our gains. Yep in peter teal's case He didn't have to pay that. Twenty percent and twenty percent was millions and millions of dollars so he got to keep an extra several million dollars and then reinvested and then the story of peter teal's life as a silicon valley investor ever since then is that most of his investments have been done inside of this tax free roth. ira rapper. So he basically has repeated the cycle that he did with pay pal back in the late ninety s again and again with companies like facebook penalty or and others and every time one of those investments sores in value. And then he exits it. He sells He doesn't owe taxes so not only. Are you saving the money that would have to go to the government which is nice. But every time you're ending up with a larger pool of money to reinvest so you get.

Jeff bezos warren buffett George soros fulmer Justin elliott peter thiel stanford Graduated stanford law silicon valley propublica Jeff bezos Carl icahn Michael bloomberg congress senator william broth Thiel peter Founders roth ira
AT&T, Dish Strike $5 Billion Deal to Support Boost Mobile

News and Perspective with Tom Hutyler

00:19 sec | 10 months ago

AT&T, Dish Strike $5 Billion Deal to Support Boost Mobile

"Deal worth at least $5 billion to make a T and T, the primary network services partner for its wireless customers. Under terms of the 10 year deal, A TNT will provide voice state of messaging services to customers of dish owned mobile virtual network operators Boost Mobile Ting and Republic Wireless. Social media and tech

TNT Boost Mobile Ting Republic Wireless
"$5 billion" Discussed on Something On My Mind | Personal Finance

Something On My Mind | Personal Finance

04:10 min | 11 months ago

"$5 billion" Discussed on Something On My Mind | Personal Finance

"It's been amazing. Like twelve oaks. Yeah but it's increased our toilet paper consumption in this house. While some companies i google was checking out a grand each employee to give them the information. They are not information but the equipment rather what they needed. in like. In my case always working from home. I get an allowance for my phone. So it's still a tradeoff for them where it's cheaper. I prefer to be in the office. I don't like. I do not like working from home near world isn't it doesn't seem in your world is definitely lent itself to having some more face to face and maybe my world. I think that's just me thou arm social. I need that interaction. I need the break for a minute. I i like the people. I work with so i think that's. That's just personal to me. It's also like your. Your job is like somewhat dependent on the market and so the market doesn't stop for the entire time that nine in the morning and four in the i just feel kidnapped dead. Even though we're connected we can call each other. We can get on the zoom or whatever. I feel disconnected from the world. When i'm that way. And i don't wanna look at david ave zone just colored my hair my while he now but otherwise no. It's too dark. That's by the way it's too dark. Gosh but digress. Now i have to match my eyebrows screwed everything up now. So but i amendment looking at this for a while for example here allstate says it's they said seventy five percent of the roles can be performed remotely for example. I know apple's doing a three day. I think you get wednesday and friday off. I think salesforce is pretty liberal. I need twitter said remote. That's what needs to happen..

david ave google allstate apple salesforce twitter
"$5 billion" Discussed on Radical Personal Finance

Radical Personal Finance

04:21 min | 11 months ago

"$5 billion" Discussed on Radical Personal Finance

"Keep your flexibility high so you can go where the opportunity is now long way. Take good advice. Take good counsel think and talk to people and take the advice of experts because if you talk to the experts the experts can help you to figure out how to do things smartly tax to to talk about how to structure things. There are a lot of people in this listening audience who have started a company or been involved in a and never went and sat down with a tax expert. Never went and sat down with an ira. Could i put this in my ira right. Your first question should be. Could i put my company era after all. I don't want to leave the united states and moved to or to do by. Just so i can have zero tax. Could i put my mo- my company and my the enter. Maybe yes maybe no but you should ask the questions and be looking for those things as teal did so those are things you can do be involved and the inside. Always try to find the community people who are involved in it right and a couple of weeks. I'll be in malta. ideally I'll be in portugal in multan a couple of weeks and i'm going there and looking into what's happening on the ground. I want to know what's happening with the cryptocurrency space. Now it's less promised seems less promising now at a few years ago but the island of malta in the mediterranean was trying to position itself as the crypto currency island. Well you should pay attention to things like that and say we're going. Silicon valley might work well for a lot of people. But i don't know silicon valley is the place right now But i i hopefully. We'll be in by later this year. Right i think dubai a lot going forward. If i were in the finance space. I'm much more interested in spending time in dubai than i am in in new york city at this point. Although there's still plenty of opportunity in new york city so look for where you think opportunity and put yourself in the way of it and then just be smart about what you're doing because you can model. What -til did you may not wind up with a five billion dollars in your roth. Ira you may not by the way this two hundred sixty three bothers me because like let me let me tell you why it bothers me. I wrote myself just to do this. Bothers me so much. The same thing like these worthless they have these worthless These were completely and utterly worthless Things about well if every person in houston texas all two point. Three million people put two thousand dollars in a bank. Still wouldn't be worth five billion dollars. Okay well what does that. What does that matter really. Human brain doesn't capture big numbers. Here it says assuming a modest six percent annual return no withdrawals his tax free golden egg could be worth about two hundred and sixty three billion dollars in two thousand eight. Eighty seven with plans celebrate his hundred and twentieth birthday. So i have a new baby. So let's say that i put in. I pay my baby to model for my business. And i put in two thousand dollars in to his roth ira by the way. Not saying newbie. Maybe it was two years old now but i put two thousand dollars into his roth. Ira and let's assume that Because of life extension -til thinks he's gonna live to one hundred and twenty. But i think that by then we're gonna live to one hundred eighty so if we start with one hundred and eighty years and we earn. I don't i think six percent is a little bit too high. But maybe he can only earn five percent on his investments then in one hundred and eighty years. Then you know my my son could have thirteen million dollars in one hundred and eighty thousand one hundred and eighty years by the way it actually kind of disproves. My points shows how spectacular is but what going to invest in my business. So he's going to start with this year he's going to have a million dollars. Give me a better man. He's gonna put a million dollars in his account today and then one hundred eighty years. You'll have six point five. What does this trillions. I can remain numbers so the point is that what is two hundred sixty three billion dollars just doesn't it doesn't no not mad at them but the point is these numbers. Let's extrapolate out the national debt. Let's extrapolate out the value of the dollar. We don't know we're all guessing on the future. We don't have any idea on any of these things that wasn't quite the spectacular show any nine -ticipant. I just wanted to say to you that it's a remarkable article but you can do it too. You can do this to you. Can use the exact same valuation.

five billion five percent two thousand six percent thirteen million dollars multan portugal two thousand dollars five billion dollars dubai one hundred and eighty years one hundred and eighty thousan malta two hundred sixty three billio silicon valley Eighty seven one hundred and twenty Silicon valley one hundred eighty years houston texas
"$5 billion" Discussed on Radical Personal Finance

Radical Personal Finance

05:58 min | 11 months ago

"$5 billion" Discussed on Radical Personal Finance

"He wanted -til use the millions and proceeds from his pay pal windfall to invest in silicon valley startups as well as his own hedge fund according to his financial assistance. Memo once again teals roth scooped up startup shares at bargain basement prices and they go on and talk about pailin. Tear has investment in pailin tear in two thousand four. -til met mark zuckerberg harvard undergraduate. -til invested five hundred thousand dollars. Facebook's first large outside infusion of cash those facebook shares ended up. where else teals roth. Ira and any goes on and continues to To grow grapes. Talk more about the details so at this point in time we see that it's just growing from there. He's got so much So much value in there. Now they do cover a section which i'm going to skip for now the cover section on the mega backdoor roth Et cetera. talk about the romney array. Go on you should read it. But we'll close this out. With the last couple of paragraphs assuming a modest six percent annual return and no withdrawals his tax free golden egg could be worth about two hundred and sixty three billion dollars in twenty eighty seven when teal plans to celebrate his one hundred twentieth birthday. That's larger than the current gross domestic product of new zealand. His adopted homeland. There is good news and bad news. -til told the washington post when asked about living more than a century. The bad news is if you don't believe in the good news you're not saving enough for retirement and likely to spend much of your old age in poverty. The financial planning he'll said takes on a very different character. Now i love this talks about -til stuff of life extension which i think is really fun interesting as well first of all. I hope that -til doesn't stop and start taking garbage. Six percent annual return. I hope that he continues to to use his business. Acumen is investment prowess and. I hope that his account is worth a lot bigger than two hundred and sixty more than two hundred sixty three billion dollars. I hope he does. However it's going to create problems for us you and me who may or may not yet have two hundred sixty three billion dollars because it's hard to imagine a government like the united states sticking with its rules when somebody has been this successful and they will change the rules. I always think about the rinaldo rule in In italy where they changed the entire tax code so that rinaldo would come and pay soccer there and they can have a maximum tax of one hundred thousand euros. Target country will change everything. If there's someone that's high profile enough and so this there's no question. This article is going to be influential Influential around the world and influential in the us american Political and financial conversations. So here the points. That i would like you to make sure that you notice number one. Notice that there's nothing that -til did that you. And i couldn't choose to you and i could choose to work in high risk areas for our career. You and i could choose to work in the market where the change is exciting. You go back to nineteen ninety nine what you see at that. Time was that tech people in those days. They knew there was something new and fresh happening. And there was opportunity all around because there was a fundamental transformation. I see the same thing happening right now. In the financial space with crypto currencies with defy it. Sarah there's innovation happening. There's change people's smell the fact that we could change everything. This entire system has been around for centuries could we could change everything. And if i were looking for opportunity i look for. Where are things changing. 'cause where things are changing there's opportunity there's opportunity to go and sell shovels gold miners. When you see a bunch of people going somewhere be paid clue into that and pay attention. -til did that right in california at the right time looking for opportunities. There are opportunities for people who solve big problems. -til solved the problem. He tackled a big problem. The transfer of money yet big dreams the fact that he was approaching. Those dreams with libertarian. Ideals doesn't mean that his dreams were any different just means that you wanted to solve a big problem and he solved a big problem to this day. You and i use paypal right us. Pay pal even. Though there's lots of competition we still paypal and pay pal transformed the marketplace in a powerful way so he was where the action was and he was willing to take risk. Now what is it that that equipped him to take the risk. I don't know. I haven't read tales book actually But i would say one of the things that equipped -til to take the risk was he was mean he was able to do it and so maybe he came from a very wealthy family. Maybe his parents paid for all of his college bills He had all everything that he needed. I don't know actually don't know. Maybe he came from nothing. Maybe he just kept his expenses. Low all it doesn't matter my answer is you've got to be prepared to take the risk. So how do you do it. Well you become skilled and say. I'm going for opportunity. So can i be good at keeping my expenses low. Can i be good at going for where i can really build something big. Can i make sure that. I set myself up in such a way that i can can can. That can survive to go after something right if you need seventeen hundred dollars to pay a car payment so you don't get your car repossessed. That may be the seventeen hundred dollars that you could have put into your roth. Ira to buy shares of the company that you're excited about so keep your expenses low..

Six percent Sarah Facebook five hundred thousand dollars mark zuckerberg seventeen hundred dollars six percent facebook italy one hundred thousand euros paypal california twenty eighty seven two thousand two hundred sixty three billio new zealand one hundred twentieth birthday Ira first two hundred and sixty more tha
"$5 billion" Discussed on Radical Personal Finance

Radical Personal Finance

07:43 min | 11 months ago

"$5 billion" Discussed on Radical Personal Finance

"Investors aren't allowed to buy assets for less than their true value through an ira the practices sometimes known as stuffing. Because it gets around. The strict limits imposed by congress. On how much money can be put in a roth. Pay later disclosed details about the early history of the company in an sec filing before its initial public offering the filing reveals that teals founders shares. Were among those. The company sold to employees at quote below fair value. Close quote Victor fleischer attacks law professor at the university of california who has written about the valuation of founders shares read the pay pal filings at propublica request buying startup shares at a discounted point zero zero one dollar price with a roth. Yes sir would be indefensible. That's a huge scandal. Fleischer said how greedy. Can you get warren baker a seattle tax attorney. Who specializes in. Ira's said he would advise clients who are top executives working at a startup not purchase founder shares with a roth to avoid accusations by the irs. That they got a special deal and undervalued. The shares baker was speaking generally. Not about -til quote. I would be concerned about the fact that you can't support the valuation number as being reasonable he said and it goes on and it talks about how they had bought more shares there was other people buying shares etc. Now the intimation. It's not an allegation. But the intimation here is that -til did something wrong by buying these shares in his roth. Ira at this discounted price. And i don't know if he did or if he did not all. I have is the article with their to expert people that they interviewed. What i do know is early. Stage companies small companies. Private companies are vanishingly difficult to value. Pretty much you make it up but you try to make it up in some way that makes sense. I have a company one of my companies. This company is worthless. But i have one million shares in this company. The company has no assets. The business is not yet going. It's worthless it's worth less than one tenth of a dollar of share and so the argument goes back and you have to say pay pal was actually worth a lot more and everybody knew it now without question you could argue that successfully now because in hindsight you could argue that successfully. If you say we'll -til thought the company was worth a lot more than point zero zero one dollars per share. -til thought the company was worth a lot more without question. He did right. That was why he was excited about that. That was why he was working in it. But here's what's so wacky. The market may or may not have thought it was worth more other investors had the opportunity to invest and they passed. We don't actually know what -til thought about it. We don't actually know what actually what it was worth. It was worth as much as what someone was willing to pay and teal was willing to pay that price and the company thought it was worth it for them to sell that amount of shares to -til at that price because these people are committed to it. Could there be a legal opinion here. I'm sure there could be And they fight it out in court so if -til is done something wrong and ira. The government could sue them. I can't remember what the rules would be at this point in terms of the statute of limitations on the tax returns. And everything like that. I don't know how that would work out. But the proper place for that as in a court in the court of public opinion. We don't have enough information to pass judgment. I'm very open to the idea that -til engaged in some kind of stuffing strategy. That he got a sweetheart deal. That's very possible. You and i will do exactly the same thing if we could. I'm also also very possible. The -til saw something that he thought was good. No court no jury would ever find that he did anything wrong and turns out that that it just worked out probably with a lot of work for him and had right time in the market there were probably a lot of other people who put shares of their small private companies into roth. Ira's their companies went bust in one thousand nine hundred nine two thousand two thousand one and they're worth nothing so it only works out if you're successful so it's possible that he did something but having the stuff for a long time. There is a wide range of defensible. Numbers that you put on things like valuations and there is no law. That says you can't use the thing. That is the most advantageous for you. You can't use if the irs gives you four different ways evaluation. You can work them through and then you can choose the one. That's most advantageous for you and so it would be my guest that a court case would actually find that nothing wrong was was done. I don't know that just guessing because there's no reason to do something that's actually wrong in this situation. There's no reason to do something. It's actually illegal. You just simply choosing the thing that you think is going to be best for you now. I would defer to mr fleischer the tax law professor and mr baker the seattle tax attorney They certainly have good. Good points to say but i doubt that either of those men has teals brain in the sense. That -til is somebody who is willing to take the risk. You have one guy who's a legal professor at university that means i don't know anything about his career. I'm judging stereotyping ba- generally he's not someone who would even understand the concept of risk of entrepreneurial risk he's looking for a safe government job got the other guy who's a tax lawyer again. We don't know anything about him but an entrepreneur would look at it differently. If i were int heels shoes sitting at the table talking to a tax advisor. I would say to him. Listen i need to know what the law says. The advisor would say. Here's what the law says. You have to put them in at a fair market value. And then i would respond and i would say well. How do we know what a fair market value is. Well here's what we understand. Here's what we know. Here's what we don't know okay. Now once that's done i'm going to look at and say what are the risks. What are the risks of my not doing it. what meaning. What are the risks. If i choose this valuation versus the other valuation and in these scenarios the risk is basically that the transactions disallowed and that taxes imposed. Well if i'm following the law right. There's no risk of my committing tax fraud for which there would be jail time. I'm following the law. I'm choosing evaluation that is favorable to me. This most favorable to me if i get sued about this i have to defend it in tax court and if i lose what'll happen is i'll have to pay the tax but if i don't choose this and i don't put the money in the shares of maratha. I have to pay the tax. So there's just no reason for me not to take the risk. As long as i would not be anywhere near the realm of fraud..

Victor fleischer one thousand congress fleischer one Fleischer one million shares maratha one dollar warren baker Ira baker the one guy one dollars per share less than one tenth of a dolla nine hundred nine two thousand zero propublica four different ways companies
"$5 billion" Discussed on Radical Personal Finance

Radical Personal Finance

05:41 min | 11 months ago

"$5 billion" Discussed on Radical Personal Finance

"You can't beat the market what peter thiel did now. Here's a course what he did. Because i use a little sleight of word there sleight of mouth. When i said you can't beat the market right. He invested in private company. Which is why forgive me. I suffered tremendous confirmation bias reading this article. This is why i point out to you again and again and again that your best investments are generally going to be in things that you know and or things that you're involved in. How did -til get a ninety. Five percent rate of return with the answer is paypal that he was involved in facebook that he was connected to and his hedge fund that he built that was investing in things that he was no that he knew and he made a tremendous growth rate in his in his portfolio notice also however that he did this this tremendous growth rate with a relatively small amount of money. We continue the article. Go through the timeline with you. What's most important about. The timeline is simply that he could not repeat this today with a five billion dollar portfolio. Because now he's got too much money that there aren't enough opportunities for him to continue this ninety five percent but he hit things just in this magically correct way they go on and talk about that the average roth. Ira is worth thirty. Nine thousand one hundred and eight dollars. That's meaningless whenever anyone uses the word average by the way you need to immediately ask yourself whether that's a calculation or a median calculation and. You never know but you can a in that in that thirty nine thousand dollars number. It's probably a mean calculation. You've got the guy with two thousand dollars of these stuck in years ago when you've got peter thiel with five billion dollars but we don't know if that's a mean number or median number but it is spectacular the opportunities that exist for them here. Here's what they say to put that into perspective. Here's how much the average roth was worth at the end of two thousand eighteen thirty nine thousand one hundred eight dollars. And here's how much five billion dollars is if every one of the two point. I never get it when they do this. If every one of the two point three million people in houston texas where to deposit two thousand dollars into a bank today. Those accounts still wouldn't equal what you'll has in his roth. Ira okay what's more as long as t- awaits withdraw his money until april twenty twenty seven. When he has six months shy of his sixtieth birthday. He will never have to pay a penny of tax on those billions. Propublica has obtained a of irs tax return date on thousands of the country's wealthiest people covering more than fifteen years. This data provides for the first time an inside look at financial lives of the richest americans. Those who stratospheric fortunes put them among history's wealthiest individuals. What this secret. Information reveals is that while most americans are dutifully paying taxes chipping in their part to fund the military highways and safety net programs. The country's richest citizens citizens are finding ways to sidestep the tax system. Now here's what angers me. Forgive me. I'm going to let myself go for just a moment. The average american is absolutely not dutifully paying taxes chipping in his or her part to fund the military highways and safety net programs. If by that you mean not contributing to a roth. Ira because the reality as an experienced financial planner is this. The average american is dutifully putting as much money into his or her roth. Ira every year as he or she can in addition to as much money to his her 401k every year as he or she can which is far worse because every contribution dollar the goes into a 401k or a traditional ira is a dollar that is completely free from any tax money that is being used to fund the military highways and safety net programs. Well every dollar that goes into a roth. Ira every single year is a dollar that has been taxed to contribute to the military highways and safety net programs so the statement is just flat out stupid on its face because average americans are the one on ones contributing to roth. Ira's wealthy people cannot generally contribute to roth ira's because they make too much money they make more than the contribution limits thus they cannot contribute to a roth ira. The most they could hope to do is a so called back door roth. Ira and for the average wealthy person. It's just not worth hassling with unless you have the ability to make a massive rate of return by early stage startup. Investing something like that. It's not worth hassling. Generally speaking now to finish their sentence. The country's richest citizens are finding ways to sidestep the tax system which is absolute baloney. Because the contrary to richard citizens are finding ways to work within the tax system so that they can pay lower taxes. Rich people generally do not evade their taxes. It's poor people who make money in tips and side work and don't report the income who evade their taxes. The country's richest citizens are simply trying to get good tax advice from professionals will read the law and follow it.

thirty two thousand facebook five billion dollars six months Nine thousand ninety five percent two thousand dollars thirty nine thousand dollars houston texas Propublica sixtieth ninety three million people peter thiel Five percent more than fifteen years two point paypal five billion dollar
Johnson and Johnson Asks Supreme Court to Void $2B Talc Verdict

Lifestyles Unlimited

00:53 sec | 1 year ago

Johnson and Johnson Asks Supreme Court to Void $2B Talc Verdict

"A major drug company wants the nation's highest court to review a verdict over it's talc products. The Supreme Court could decide tomorrow whether or not to get involved in a nearly $2 billion lawsuit against pharmaceutical giant Johnson and Johnson. Johnson and Johnson wants a verdict in Missouri review that initially resulted in a nearly $5 billion verdict in favor of 22 women who developed ovarian cancer refereed using talc products. An appeals court cut that verdict in half but upheld findings about the products containing a specialist lace talc. Johnson and Johnson says that verdict is at odds with decades of scientific evaluations. Just the Samuel Alito is expected to recuse himself from consideration after reporting he owned Johnson and Johnson stock. Cox is Jared Helper, and Johnson and Johnson has faced hundreds of lawsuits across the country over tell products with mixed results.

Johnson Supreme Court Ovarian Cancer Missouri Samuel Alito Johnson Stock Jared Helper COX
Bill and Melinda Gates Announce They Are Getting Divorced

Tom and Curley

00:25 sec | 1 year ago

Bill and Melinda Gates Announce They Are Getting Divorced

"The couple revealing today they are ending their marriage after 27 years but will continue working together. Rather Seattle based foundation in share is seen its editor at large 1600 staffers in offices around the world and $5 billion annually being given away. It really remade the way that big philanthropy organizations work door Dash is paying to settle claims that

Seattle
Verizon Sells Yahoo and AOL to Apollo for $5 Billion

Morning News with Manda Factor and Gregg Hersholt

00:20 sec | 1 year ago

Verizon Sells Yahoo and AOL to Apollo for $5 Billion

"Been sold again, this time to a private equity firm. Verizon is selling its Verizon Media unit, which consists of those pioneering tech platforms that's going to Apollo global management for $5 billion Rise and says it will keep a 10% stake in the new company in the new company will be called Yahoo. Guess Prices,

Verizon Media Unit Apollo Global Management Verizon Yahoo
NCAA tournament helps Indianapolis' hospitality industry

Hammer and Nigel

00:40 sec | 1 year ago

NCAA tournament helps Indianapolis' hospitality industry

"I'm Alex Brown. Despite the hand, the pandemic has dealt Indiana's $5 billion hospitality industry. March Madness served is the perfect recipe for hotel. Was and restaurants to regain at least some of their footing. Katie Harris, owner of Io, Zoe's Garden of Italy and downtown Indianapolis, says operating the restaurant during the pandemic has been more difficult than when it opened in 2009 coming out of the great recession, but the tournament has provided a boost. Marches warmly, a lower time of the year. Our sales revenue about three weeks of the tournament has been going on. We're up about 25, a half percent over 2019 sales. She says. The tournament along with more people getting vaccinated continues to show

Katie Harris Zoe's Garden Of Italy Alex Brown Indiana Indianapolis
Google facing $5 billion lawsuit over incognito mode tracking

Kim Komando

00:55 sec | 1 year ago

Google facing $5 billion lawsuit over incognito mode tracking

"Four. Google betrays us Once again. Google's promise was clear. Usar chrome browser turn on crumbs, incognito boat and you won't be tracked online. Mm, There's always been a question of like, how incognito is incognito mode. Just one little tiny problem that we've discovered. Google wasn't being completely honest, Incognito mode doesn't log the sites that you're visiting or allowing cookies to track you, but it also doesn't keep you invisible to your eyes, P and any number of websites, so Google failed to mention that it's one of those websites continuing to harvest your data while you thought you were browsing privately. And that's the basis of a kill Ass action lawsuit filed by a group of California folks even goes far to say that Google has violated federal wiretap laws. It's a very serious charge, even for just a giant company. And last week Google moved to have the lawsuit thrown out, but a federal judge disagree. And the lawsuit in the chase for $5. Billion is

Google California
How $1.9 trillion COVID-19 relief bill aims to help Black and socially disadvantaged farmers

What Matters with Mindy and Mikaela

02:26 min | 1 year ago

How $1.9 trillion COVID-19 relief bill aims to help Black and socially disadvantaged farmers

"And so let's start with stimulus. Were you surprised that the nearly two million earned nearly two trillion covert relief fund went through? Was kind of split right down party lines. I followed it, Um There was so much to that Bill Mindy. I mean so much to that bill and I see the good that's in it. I see the fat that's in it. How about I put it that way? I think the one thing that's there's several things that just stand out to mount. Me, too. Me. No. Yes, you're getting at $1400 check. But it's also been estimated that each American kids as well will pay $5800 per person. So, yeah, you're getting 1400. But you're having to pay 5800. And then I don't get it covered Relief bill in my baby taxes. It'll be through tax so I'll pay 5800 additional. I thought I was going to credit you are going to have to end up paying. $5800 in taxes have money's got to come from somewhere and then the thing that bothers me, too, is the farmers. Then there's the farmers of color and it's it's listed as African American farmers. Um, socially disadvantaged. Black, Hispanic native Americans and Asian Americans. All get $5 billion if they are socially disadvantaged. But if you're white farmer, you don't get anything. How is that fair? I don't understand how that is fair. So Think. Do you know a lot about the minority business, the MBA program through the state or through the cities that give an additional look to businesses who are owned by minorities. And remember, we have the women's The WB that started here A few months ago, We talked about it on the show because I was involved in that. I think it's the opportunity to give advantage to an underserved or underrepresented populations in an industry that's that's gonna be how I would explain that to you when it comes to business, So I'm taking it that for the farmers, it's probably the same thing. But I don't know. Yeah, I don't know either, but just doesn't seem right. How you don't include all farmers. If it's if you're socially disadvantaged, whether you're white, Black Asian, it shouldn't matter, right? Your color shouldn't matter. Isn't that racist? So I would say that are all farmers disadvantage right now are are all farmers dealing with economic disadvantage? You know what effects farmers more than anything, the weather true, and that's out of their control, So I'm sure it's some point. You know, that's a disadvantage for every farmer. It

Bill Mindy MBA
Michaels signs a deal with Apollo to go private

WTOP 24 Hour News

00:17 sec | 1 year ago

Michaels signs a deal with Apollo to go private

"Rally Arts and crafts chain Michaels. Is being acquired by private investors in a deal worth $5 billion. Michaels has 1200 stores, including 15 in the D. C area, arts and Crafts is doing well during the pandemic. Michael's online sales more than

Michaels Michael
Tesla Plans Stock Sale, Closing Year of Soaring Gains

Bloomberg Markets

01:24 min | 1 year ago

Tesla Plans Stock Sale, Closing Year of Soaring Gains

"Again stocked up about 650% year to date and Looks like Elon musk and tap the equity markets. Put some more cash on the balance sheet. You know, it's interesting, though. I mean, you're talking $5 billion of shares being sold. It's the third sale in the last 10 months. Yet Tesla's shares mean holding up you could argue relatively well mean they're down 1.8%, but that's not a whole lot. I mean, given the magnitude of the gains you talk about, you know, for this year. And, of course, the idea that they're selling shares Azaz things kind of go along. It's not $5 billion on one shot may help explain the reaction and then the other side of it is that you know, we're less than two weeks away from Tuzla going in the S and P 500. So you're gonna have all this demand from funds that track the index and arguably it may of well be happening already, because Of the magnitude. The changes that are going to come as as Tesla goes into the index given it, it's a $600 billion plus company by market cap. Just got above that threshold yesterday. Yeah, there's an increasing supply shares coming and that may help to offset least some extent. The demand. It's going to be out there. So you know, Maybe that explains why the stock isn't taking more of a beating in response to this plan Share sale So love complaining in the last couple of days about

Elon Musk Tesla Tuzla
Thanksgiving Day online sales hit record $5.1 billion, up 21.5% from last year, Adobe says

Big Al and JoJo

00:08 sec | 1 year ago

Thanksgiving Day online sales hit record $5.1 billion, up 21.5% from last year, Adobe says

"New Thanksgiving sales numbers online spending was up over 21% compared to last year over $5 billion in sales is the firm Adobe

Adobe
Thanksgiving Day online sales hit record $5.1 billion, Adobe says

Sean Hannity

00:21 sec | 1 year ago

Thanksgiving Day online sales hit record $5.1 billion, Adobe says

"Or in shopping this holiday season, most are just doing it online Adobe analytics reports. A record high of $5 billion was spent via the Internet on Thanksgiving. That's 22% more than the same day last year, the National Retail Federation estimated how they sales will rise as much as 5% this year despite the pandemic. Intelligence

Adobe National Retail Federation
Stocks making the biggest moves after hours: Alphabet, Twitter, Facebook, Apple, and Amazon

Bloomberg Daybreak

01:39 min | 1 year ago

Stocks making the biggest moves after hours: Alphabet, Twitter, Facebook, Apple, and Amazon

"Here's a Facebook are down two and a third percent. The social media company warns of significant uncertainty next year, citing unpredictable online spending trends and regulatory challenges. That's over shadowing third quarter results, which blew past estimates. Debra Aho Williamson is principal analyst Edie Marketer Facebook's audience and then the number of users is substantial. It's ad targeting is incredible advertisers at the same time they tell me that they are concerned about the atmosphere of Facebook. They also say pretty much in the same breath that they can't live without Facebook. Facebook said it saw an unusual decline in U. S and Canadian users in the quarter, though it did see growth overseas Shares of Twitter or down more than 16% in early trading. The company says it added a million new daily users in the third quarter. That was fewer than forecast dashing optimism that Twitter would reap benefits from a return of live sports and the coming election. On the flip side Shares of alphabet around more than 5.5% in the premarket. The parent company, a. Google returned to strong growth in the third quarter after a decline in the fryer period and here with more on the results, Bloomberg's Charlie Pellet, the quarter was fuelled by digital advertising that has rebounded along with the U. S economy. The Google parents reported third quarter revenue minus the cost of distribution deals for its search engine was up 15% to $38 billion. While that was slower than the pace of growth a year ago, it marked a turnaround from the previous quarters drop. YouTube, the fastest growing part of Google's at business brought in $5 billion.32 percent more than

Edie Marketer Facebook Debra Aho Williamson Twitter Google Youtube Charlie Pellet Bloomberg Principal U. S Analyst
K-Pop band BTS scores huge hit on South Korea stock market in management firm's IPO

All of It

04:20 min | 1 year ago

K-Pop band BTS scores huge hit on South Korea stock market in management firm's IPO

"And girl groups have been a huge force the music industry for decades Now, some came together organically childhood friends who met in church You're harmonizing street corners. Then there were those who were manufactured. Take, for example, Menudo or the Spice Girls. But in recent years no one has dominated the space quite like the mostly prefab pop bands coming out of South Korea. K pop, as it's known in the West is South Korea's biggest export worth about $5 billion and is expected to rake in more than 10 billion for the country over the next decade. At the moment. The biggest fan of them all is a seven person group known as BTS, who are enormous global superstars, and they flooded the American pop music scene in the past few years. And 2017 BTS was the first group from Korea ever to win a Billboard award. And just this past summer, BTS became the first all Korean actor hit number one on USS Top Billboard chart Top 100. With its first all English track called Dynamite. Shoes on remarkable mill. That's right. Get trump not unknown like a rotten things. When a market jump up to the cabin, the throne, think down coming on my phone. Nice piano, gamma pain. This'll be like money. And just yesterday they became the first K pop group to land on billboards. Rap albums chart. Okay, That's the music side. But perhaps the most interesting development in the bands. Cultural dominance recently is BTS and its label offered an AIPO on the stock market in Seoul. Those are the eye popping fax about K pop, But they're so are the reports of how these groups come to be, including how many are groomed from a young age, their lives dictated by managers and coaches who monitor their diets and they're dating lives. Joining us Now it examines the business of K Pop is writer and self described K pop columnist at Billboard. Jeff Benjamin, Jeff, Thanks for being with US Hello. Thank you for having me So just to be clear this AIPO is not an investment literally in this one band. So what did investors actually buy into Yeah, I think you know, really great metaphor when we're talking about the music industry in South Korea is kind of going back to that time of Motown or even the old Hollywood studios where it's not just one label that only distributes their music, but rather, it's sort of buying into the larger vision GTs is under a big hit entertainment. Which is ah, larger label talent agency that not only houses BTS to distribute their music but manages them handles. Their outside projects are the ones that are kind of developing more acts putting out their music videos. Working on their endorsement deals is kind of an all in one system where it's not just about the music per se, but rather sort of The larger entertainment aspects of all their artists, and that's kind of what the that's why you hear them called big Kid Entertainment versus Say, You know our Republic records or universal music. So people are buying into big hit entertainment. Exactly, And you know, that's just not even that's not even just BTS. BTS has, of course, sort of been the namesake artists that that people know especially here in America, You know, I think they're also buying into what the company has shown with their other artists, Thiss labeled big in Entertainment. They put out a second boy band. Already they've actually bought and invested in some other large K pop companies to sort of build up their roster. I think they're really trying to show that Hey, we're not one hit wonder. We're not just depending done this one group for our revenue, but rather were investing in things that even go beyond music. They have their other artists. Big Head entertainment has created its own technology sects, and they've been able to create different applications. Different ways to interact with fans be a fan club. They're doing a lot to show that. Hey, we air something that we have a lot to offer the industry and it's not just about One band one type of music, but rather so many aspects

South Korea Hit Entertainment K Pop Billboard Big Head Entertainment Jeff Benjamin Spice Girls Seoul Writer Motown Thiss Hollywood America
WTO says EU can put tariffs on $4 billion of US goods

Larry Elder

00:54 sec | 1 year ago

WTO says EU can put tariffs on $4 billion of US goods

"Upto $4 billion in U. S goods over Washington's illegal support for plane maker Boeing correspondent Charles Dillon. Desmond reports The ruling which could inflame Trump administration criticism off the W T o Amounts to one of the largest penalties ever hunted down by the body. The arbitrators were tasked with setting a dollar value in sanctions, such as tariffs the YOU could impose. A year after the W T O had found that Boeing had received at least $5 billion in subsidies. The were prohibited under international trade rules. The decision dates back the 26. He's part of a string of long running disputes between Boeing on rival Airbus at the Geneva trade body. I'm Charles the lid asthma. The move is certain to worsen relations between the European Union and the United States during a time of Corona virus worries. More on these stories at townhall dot com.

Boeing Charles Dillon Desmond Donald Trump European Union United States Airbus Washington Geneva U. S W T O
British ISIS Militants Charged In Killings Of American Hostages

WBZ Morning News

01:01 min | 1 year ago

British ISIS Militants Charged In Killings Of American Hostages

"To Isis militants have been charged now in the deaths of journalists and New Hampshire native James Foley and other American hostages back in 2014, and for Foley's mother, Nowthe Weight has simply been excruciating six very long year trying to get a bit of just Diane Foley says. She's hoping justice is served and served fairly. I think it's very important that he's young and held accountable and also that they receive a fair trial. Hopes the trial sends a strong message to other terrorists who kill innocent people around the world and that these crimes will be held to account. President. Trump promises thousands of remaining US troops in Afghanistan will be home by Christmas ending involvement in America's longest running conflict. At its peak about 100,000 troops were stationed there. Beacon Hill Bean counters Warn of a budget shortfall of $5 billion Governor Charlie Baker is now taking tax increases his wayto Balance the books off the table

Diane Foley James Foley Governor Charlie Baker President Trump Nowthe Weight New Hampshire Donald Trump Afghanistan America
"$5 billion" Discussed on WMAL 630AM

WMAL 630AM

03:25 min | 1 year ago

"$5 billion" Discussed on WMAL 630AM

"Close at nine PM during the week and 11 P.m. on Friday and Saturday nights and trains at their peak would only run every 12 minutes. Officials are warning these cuts could not just run through the current fiscal year. But the following one is well to the middle of 2022 legislation to receive more federal funding for Metro is currently stuck in Congress. All kinds of transportation agencies are lined up for federal help. These days. Amtrak says it needs nearly $5 billion to make up for pandemic losses. It's burning through a quarter billion dollars a month and is on the verge of cutting service and its own work force. Maryland ended the last fiscal year with an unexpected bit of good news. A $585 million plus surprising given the huge job loss and business shutdown Controller Peter Franchot says federal relief helped to cover the state's expenses. He wants to turn that surplus around and plow it into relief for struggling small businesses, then 585 million now. Get a voice standing. Billions and billions of dollars down the road trying to recreate the distances should they permanently closed. Some 300,000 Marylanders, who are currently on unemployment will start receiving as much as $1800 in additional benefits as soon as this weekend. This is the money that was freed up by President Trump. After the original $600 a week federal benefit dried up. The new $300 a week benefits will date back to the end of July. Crime was down slightly in the D C area last year. But with Corona virus there are concerns about domestic abused this year. My gut tells me and I have a pretty good got the message abuse child abuse spouse of his has got to be going up in cold. Phyllis Randall Loudon County supervisor tear on the regional Council of Governments, Teeth. David Hutzler's speaking for local police chief Song Cog, agrees. I think there is Face and those types of calls because when you keep people locked down and closed confines, it gives less relief where people can go or leave the situation. Barbara Pretty W E MAIL and w l dot com The Republican challenging Mark Warner for the U. S. Venice. Steed in Virginia says it's time for change in the Commonwealth of Virginia veterans deserve Has somebody who looks like them thinks like them and who has served in the same cloth representing them. Daniel Gate of retired U. S. Army lieutenant colonel who's running against Mark Order for Virginia Senate says health care reform is a priority. We need something that protects existing people with preexisting conditions that lower the cost of prescription drugs that maintains a high quality health access system gave speaking on the Larry O'Connor show Maria Leaf on double drama L and W e mail dot com. A regional jail north of Richmond is on lock down after 70% of its inmates tested positive for cocaine. 19, the superintendent of the Monkey Regional Jail, says the vast majority have shown either Mild symptoms or no symptoms at all. The affected inmates have been isolated from the rest of the jail population and employees who tested positive are on emergency paid. Leave. Checking your money. The Dow futures up 31 points at this hour. The NASDAQ futures up 97 up next traffic and weather on 105.9 FM W M A L social distancing slows the spread of Corona virus. So if you have a fever, dry cough and shortness of breath, call your health care provider before going in. More info at Corona virus, DOC Gov. Let's all do our part because we're all hashtagged alone together..

Peter Franchot President Trump Metro Virginia Monkey Regional Jail Phyllis Randall Loudon Maryland Amtrak Congress Richmond Mark Warner Virginia Senate regional Council of Government David Hutzler dry cough Steed
"$5 billion" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

06:16 min | 1 year ago

"$5 billion" Discussed on Tesla Daily: Tesla News & Analysis

". Today we are talking about Tesla's possible equity distribution of people have been calling the capital risk today and it may very well be, , but we'll go into the details on that. . Also, the , implications that that may have four, , S&P five hundred inclusion, , and just a quick update on how that looks after the stock split, , and then we have a been a news on model y out of Shanghai as well. . So Tesla stock on the. . News today was down four point, , seven percent to four hundred and seventy, , five dollars, , five cents but a pretty steep drop from the after hours trading yesterday in the pre market trading today where tussle actually peaked around five hundred and forty dollars per share still though even with that drop today. . TUSLA still up post split remember the split happened around four hundred and forty two dollars per share. . I've gotten a lot of questions on why it would drop. . Today I never know you know you can't you can't know for sure but it did drop on the news of the potential capillaries, , which will obviously go into more detail on here. . But many brokerages have seemed to have some issues with handling the stock split, , which has made in some cases trading unavailable for some people. . So there may have been a decent amount of shares locked up yesterday seems like a significant amount of that has been freed up. . Today so many of those people in those circumstances may have decided to take some profit off the table after the run that we've seen the last couple of weeks, , there's been some theorizing around the Internet that may be some of those brokerage issues were caused by naked short selling, , which essentially means your selling a share short that you have not actually borrowed from anyone. . You're just sort of creating your little share to sell to someone with the expectation. . Being that if you would need to actually deliver that share at some point, , you could go and borrow one. . But the theory is that the split caused some problems for people in that position because of the need to deliver the four extra shares which has then resulted in some of the scrambling that has caused some of the share lockup for this period. . Personally I am relatively skeptical of that theory the only reason that I really bring it up. . Is because number one I've heard people having issues with their brokerages the last couple of days and number two to provide an example of things that may not necessarily be known. . That could also influence the stock price rather than just the news of the equity distribution today are getting into the possible capital raise. Then . I'm sure by now most people have heard that this morning tell disclose in a filing that they have entered into an agreement that will. . Allow them to raise up to five billion dollars in cash through a follow on offering of Tesla stock. . So that means Tesla can sell share of the market they keep the money for those shares and use that for their business purposes those shares if and when they are sold our newly issued shares. . So that ends up increasing the outstanding share count deluding existing shareholders but for the exchange of the new cash coming into the business which can increase. . The value of the company. . Now in this case was particularly interesting is that normally when capital raises happen, , follow on offerings happen there is a fixed price fixed number of shares. . So company is going to say, , okay, , we're going to sell twenty million shares for one hundred dollars a share and raise two billion. . That is not what Tesla is doing here. . So this is an equity distribution agreement also known as an at the market follow on offering which means. That . Tesla as the issue or can work with the banks that are helping facilitate the transaction ten for banks to decide based on the price that day if dessel wants to sell any of this offering all tesla spells this out very clearly in the filing saying quote, , we will designate the maximum amount of common stock to be sold through the sales agents on a daily basis or otherwise as we sales agents agree and the minimum price per share. . At which such common stock may be sold and quote. . So Tesla could end up raising zero dollars from this. . If they don't like the price that they're getting from the market that could also raise five billion or any amount in between and they to make this decision on daily basis or even more frequently as they say, they , are if they agree to that with the banks facilitating this offering, , Tesla just set the minimum price that they'll take and. . If it doesn't hit it. . Well, , that's fine. . Tesla doesn't need to raise capital them. . Tussle highlights this point in the use of proceeds section. . In the filing saying quote, , we may issue and sell shares of common stock having aggregate sales proceeds up to five billion dollars from time to time because there is no minimum offering amount required as a condition to close this, , offering the actual total public offering amount commissions and proceeds to us if any are not. . To terminable at this time and quote as far as what Tesla would actually use any capital wrist four, , they say quote, , we currently intend to use the net proceeds from the offering to further strengthen our balance sheet as well as for general corporate purposes and quote. . So personally I am thrilled with this Tesla now has the ability at any given point in time any single day to raise up to five billion dollars if the stock price surges in any. . Particular Day for whatever reason Tesla can offer some shares opportunistically raise some money maybe they decide they wanNA raise a billion or two billion. . They have that flexibility. . The only real disadvantage of this kind of structure that you're not getting that fixed price you leave yourself vulnerable to a falling share price. . So if you actually need the capital, , sometimes those fixed prices can be better because you're assuring that you will get that capital, , but if you don't need. . It and you're just trying to raise opportunistically than this is a perfect structure. . My point of view has mostly been that tussle doesn't really need to raise capital. They've . got a lot of cash on hand and I think free cash flow is about to start to really ramp up is next few quarters. . So even with the market cap being what it has been, , I've basically been of the mind that if dessel feels like they need to raise the. . Capital all support it, , but it doesn't look to me like they need to. . So I'm just as happy if they don't and this seems like a perfect middle ground, , I liked the amount as well. . Obviously could be anywhere between zero and five billion dollars. . But even if it is maxed out at five billion and even if it's roughly around the share prices that were at today, , let's say five hundred dollars a share. . That's ten million new shares Tesla. . After the split has about nine hundred and thirty one shares total outstanding. . So that's about one percent dilution only that you're looking at to raise possibly five billion dollars even if you don't think Tesla needs capital Beth such small delusion having cash on hand as Tesla said, , would improve the balance sheet that can go a long way in improving their credit ratings that can allow them to access cheaper debt there can be a lot of benefits of that cash. . I wouldn't advocate for it, , but they could use that to pay down some of their outstanding debt, , cut those quarterly interest payments that we talked about last week, , which would lead to tesla retaining more of their cash better profitability whether they just let that flow through all the way to the bottom line or reinvested elsewhere in the business.

Tesla
"$5 billion" Discussed on NewsRadio KFBK

NewsRadio KFBK

04:26 min | 1 year ago

"$5 billion" Discussed on NewsRadio KFBK

"Shane. I'm Christina and John said, this is the cave became morning news time now to talk money in business with Kelly Brothers from Genevieve's Burford and brothers would be watching today, Kelly Wal Mart. Plus coming out mid September is going to be 12 95 a month and everyone's like, Oh, they're taking on Amazon. Prime will kind of they are, but it's only a free delivery to you if it's at least a $35 minimum. In other words, you can't order Two oranges from WalMart and expected that's going to be free delivery, so they are placing a minimum order size on it on DH, of course, their largest grocer in the country right now, so there they are going to be competing. Thiss WalMart Plus will include a lot of delivery but not completely free delivery for everything Tesla to sell Another $5 billion in stock there basically saying to investors. If you're willing to pay that much for our stock, we're going to sell more of it. And they are, and Elon Musk is now the third richest person in the world, passing Mark Zuckerberg with Tesla's stock up as much as it is market overall today. Grinding slightly higher after the best August in 30. Years of the major averages up 7 to 10% for the month Dow Up 49 at 28 4 79. NASDAQ Up 1 13 88 11,008 Yes and Peas up 11 points or about one third of 1% gold Up to oil up 1.5% 10 Year bond deal 100.72. Alright, Kelly. Thanks a lot, talked again in a half an hour. So this morning University of Alabama has 1200 students who have tested positive for covert a lot. I think they are right now the winners in America The losers, so we're going to hold some clips in this This is the mayor of Tuscaloosa, says the University of Alabama is protecting students. This is on MSNBC, Walt Maddox. By the way, his daughter attends the university. And he says he feels the school is taking the necessary steps to make sure that students are safe and healthy. But I know this is a dad that the university is doing everything possible to protect Taylor and protect 35,000. Other students of the university has put in an extraordinary remains from the reentry testing to the isolation space. Matic says the results will show if the city and University mitigation efforts have help slow the spread of covered 19 this week, we will begin seeing the data come back, and it'll be able to tell us if our actions made a difference. University addressed a lot of the housing issues whether it was Greek housing or dormitory housing. In the city was looking at bars and also ending for service at restaurants as well. So it's not just that university, North Carolina Notre Dame Chico State all dealing with these issues right now because of covert 19 outbreaks, and Maddox says keeping their university open in Alabama is an economic issue. But make no mistake about it. It's an economic issue our metro areas a quarter of a million people. The university is a $2 billion economic impact. If we lose in person instruction, thousands of people in our community lose their jobs. That is a real impact. That has to be considered when you look at schools like Chico, stay U C. Davis. You know where you have a local economy. That depends on those universities. Right? So I've been looking into this. I'm going to do a story on it. Tomorrow there is a university In the Midwest that is testing every single student twice a week. Huge success there doing in person classes. Okay, It's a large university. Good tea is I can't wait to hear more about OK, So I'm looking into that. I'm gonna talk about how they're doing it and what kind of model they could represent for other places. Okay, got time for one of these audio clips. It's from a guy who lives in Sacramento, midtown Sacramento, and he called in to the Tom Sullivan Show. What? You've been here from 12 to 3 every day, right here on news 93.1 case, but he talks aboutthe rioting and what's been taking place? In Sacramento and how it's impacted his life. I live in one of these, I guess. Protest hot spot. I pay a lot of money to live there, you know, going outside after eight o'clock at night for my girlfriend and I if I wasn't so, you know aware of the political situation. It could turn into something. Where the sure you know. Yeah, so I'm in my mid twenties, so I get the corona viruses there, But for me, it's more of I want to go back to work. Well, you wants life to return home with guys named by the way is Chris. She's from Midtown. How scary If you.

University of Alabama Tesla WalMart Walt Maddox Sacramento Kelly Wal Mart Elon Musk Kelly Brothers Amazon Kelly Chico MSNBC Burford Midwest Midtown Mark Zuckerberg Matic North Carolina Shane.
"$5 billion" Discussed on Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

05:56 min | 1 year ago

"$5 billion" Discussed on Unconfirmed: Insights and Analysis From the Top Minds in Crypto

"It's recently quarterly report gray scale announced record inflows. . Tell us about that. . So on a quarter, , we'd be says, , our team puts out a report that looks back at investment activity across the gray scale family of products over that most recent quarter in we try and break down for the investment community which products have inflows, , which products more popular than others, , what the breakdown is different types of investors any other trends that we're seeing amongst our investor base. . and. . Though regularity, , these reports have really allowed them to become almost the defacto sentiment indicator for investment in the days in in two this year, , we raised over nine hundred, million , dollars in just that second quarter, , and that was on the back of raising over half a billion dollars in Q. One this year. . So we're really seeing influence into the gray scale products at a record pace. . And that's almost double. . What do you think accounts for the massive increase in interest? ? I think that the macro environment is causing a lot of investors to focus on Crypto in a way that perhaps had before I think one of the most topical things that investors are talking to us about is unlimited quantitative easing and as they look at how much the Fed and other governmental bodies are printing, , they're really starting to drill into the verifiable scarcity of assets like get. . Coin and when you think about that very important attribute that bitcoin has and then you combine it with bitcoins uncoordinated nature and it's not just bitcoin. . Right? ? It's other digital currencies as well. . Investors are starting to appreciate that there is a new in uncoordinated return that they can maybe get from having exposure to digital currencies, , and now the timers in a lot of investors digging on the space. . and. . So when you talk about the quantitative easing that does, , of course, , immediately bring to mind bitcoin because of the cap on its supply and when you started your answer, you , were talking primarily in Bitcoin or about bitcoin but I wondered how the interest in the currencies was spread out. . Is it? ? Eighty percent in Bitcoin or you know what are you seeing in terms of the interest across the various crypto sense? ? So Greasy now has ten different investment products and a great deal bitcoin trust is our flagship product. . It's been around the longest. . It's our largest no question about it <hes>. . We've seen a market uptaken interest across the other products. . So in particular, , I'd highlight in cute too. . We saw a lot of interest in the gray scale at theory and trust. . In really seeing more investment really coming in across the board and I believe now of our returning institutional investors, , we now see over eighty percent of them having now invested in more than one race cal product meaning they. . Now you have exposure to more than one digital currency and it's interesting to think about that audience because for many of them, , Bitcoin is their first foray. . It's the place that they're most comfortable with it done the most research on typically it's what gets them comfortable and gets them to give their telling the space, , and we're now releasing a growing trend of investors not just wanting acquainting exposure, , but they actually see diversification benefits of having more than one crypto currency exposure in their portfolio. . And when you said that if him was another one of the assets that was gaining a lot of interest what's driving that because the theorem does not have a cap on its supply. . So I was curious to know why they were focusing on that out of all the other non bitcoin assets. . Well. . I think BIRLA investors at theory like coin has a lot of staying power on it to like acquaintance overcome a lot of adversity and I think investors are starting to drill into some of the east cases around the theory. . <hes> powering defy and a lot of other new applications which theory is really targeted towards where I think for more investors thinking about Bitcoin, , they're really thinking about it more along the lines of digital gold or a digital store of value. . And who is coming to you now, , are you seeing interest from new groups and what types of investors are coming to gray scale? ? We'll still gracie obeys assets primarily from institutional investors. . So we deal primarily with accredited investors. . So it does include a lot of high net worth individuals and. . Family Office is financial advisers but believe the vast majority of the actual dollars that we're getting are coming from the hedge funds on and then other types of institutions, , endowments, , and pensions, , and I think one of the most things we actually broke this out in some reports. This . year is that the allocations aren't coming from any one kind investor I. . Think you know for a lot of folks bitcoin digital currency investing its momentum traders or it's for funds that really only are experienced in investing in technology or In. . Venture capital things that are really on the riskiest end of the spectrum in Farrah's when we look at the actual mandates of our investors, , it's everyone from global macro funds to value funds to risk arbitrage funds. . Any every single kind of investor mandate is represented in the gray scale investor bays, , which I think the takeaway is. . Digital currency investing is certainly not for everyone is risky too early days <hes> you know a lot of investors need to have a patient in kind of medium term horizon for their investment, , but it does that mean that it's something that everyone should at least be considering and we're already seeing empirical data that it's making its way into the portfolios of investors of all different kinds of mandates.

Tudor Jones Family Office Farrah Paul
"$5 billion" Discussed on WCBM 680 AM

WCBM 680 AM

01:49 min | 2 years ago

"$5 billion" Discussed on WCBM 680 AM

"Chocolate there was traffic and weather on the threes of talk radio six eighty WCBS the same storm system that brought the severe weather to the south yesterday is bringing us some rough weather as well thunderstorms with gusty winds and heavy rain likely through much of the day today it is warm out there seventy five the high just Terry Smith from the weather channel for talk radio six eighty WCBS brought to you by discover get your free credit score card today even if you're not a discover customers include your Funko credit score and checking your score card won't hurt your credit learn more at discover dot com slash credit scorecard right Dundalk has a sixty degrees Linden has sixty degrees sixty degrees I know your up to date on the morning drive with Casey and Ali I'm here to Fulton and this is the fox business report twelve Disney world in Orlando is for allowing forty three thousand workers effective April nineteenth the service trades council union which represents Disney workers says the furloughed employees will be able to keep their insurance benefits for the furlough period or up to a year will Disney world will keep about two hundred employees with the central duties working on site during the closure the union also says Disney is paying for corona virus testing for any employee covered by Disney insurance needs that's what Disney world and Disneyland were initially planned to remain closed until the end of March but now the parks are staying closed until further notice dish network's plans to build a fourth wireless network by twenty twenty three were apparently on hold the New York Post says the corona virus has fast moving cautiously so funding could be in doubt that your fox business report I'm Ginny co so invested in you.

Disneyland Ginny co twenty twenty fox Funko WCBS New York Post dish network Terry Smith Disney Orlando Fulton Ali Casey Linden Dundalk
"$5 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 2 years ago

"$5 billion" Discussed on Bloomberg Radio New York

"The Ohio getting ready for the big night for the dis Carol yeah it's a big debate again I will see how things have changed since the last one which happened in September so I'm looking forward to that Kevin's really of course are host to bluebird radios as sound on first up though a lot of news after the closing bell Charlie Pellett on it we are on and that's what we do here Bloomberg first of all we have got the house giving support to pro democracy protesters in Hong Kong by passing a measure that would require an annual review of what the city is sufficiently autonomous from Beijing to justify it special trading status under U. S. law Dow Jones is reporting the drug distributors are in talks to settle opioid litigation for eighteen billion dollars MGM resorts international which is been pressured by investors to unload its remaining company owned casinos has agreed to sell the ball Lazio resort in Las Vegas the Blackstone group for four point two five billion dollars and will continue to operate the property under a lease arrangement also it is selling circus circus and United Airlines is raising its twenty nineteen profit forecast for the second straight quarter citing strong travel demand in lower than expected fuel prices stocks advanced for bank earnings giving US markets a live today with the S. and P. five hundred index trading above three thousand and then pulling back to finish the Tuesday session at twenty nine ninety five five one percent the Dow advanced two hundred thirty seven points up nine tenths of one percent nasdaq comp one hundred points up one point two percent tendered on twelve thirty seconds of the old one point seven seven percent gold down eight tenths of one percent fourteen eighty one the ounce and West Texas intermediate crude down one point percent fifty to eighty nine about recapping stocks higher SEP Oct twenty nine up five one percent I'm Charlie Pellett than that the Bloomberg business flash Charlie thanks let your listing to Bloomberg businessweek right here on Bloomberg radio.

"$5 billion" Discussed on KHVH 830AM

KHVH 830AM

02:43 min | 3 years ago

"$5 billion" Discussed on KHVH 830AM

"Eventual end to this thing. You listeners. Listener and already a huge, Colorado. Coin you ideas. New opinions. Now, I have to take issue. What you just? You just. What happens year to have this conversation for a long time? Newsradio eight thirty K h v h. Fox news. I'm Kathleen Maloney. President Trump on the US border with Mexico in mcallen, Texas, showing support for border agents and making a case for a wall to prevent illegal immigration. They come across the border, and it's a it's a bad thing. And they drive they just go where there's no security where you don't even know the difference between Mexico and the United States. There's no line of demarcation, but Democrats continue to reject funding for a border wall. A dispute which has dragged a partial government shutdown into its twentieth day, another cruise ends in an outbreak of illness. Royal Caribbean is making it's a waste of the seas head back to port Canaveral in Florida ending a Caribbean. Cruise a day early after more than two hundred seventy five people on board became infected with norovirus Eban Brown cruise. Passengers are getting full refunds visits, FOX. From the FOX business network. Stocks struggling to stay positive and extend their four session winning streak. While retailers are lagging today on Wall Street after Macy said its holiday sales were worse than expected an airline. Stocks are also slumping after American gave a disappointing revenue forecast and the number of Americans applying for unemployment benefits falling sharply. More than expected in the first week of the year returning close to a half century, low reflecting a robust labor market with jobless claims declining by seventeen thousand to two hundred sixteen thousand and Sears chair Eddie Lampert submitting a revised takeover bid of more than five billion dollars in a last ditch effort to keep the department store alive and save over fifty thousand jobs. His new bid was made to hedge fund ESL investments, and it will be up to four to decide. How Lampard's bid stacks up against a possible liquidation during a January fourteenth bankruptcy auction with the FOX business report on killary bar scheme. I smoke cigarette before lunch after lunch now that I'm talking about it. I kind of feeling like a loss about four.

FOX Mexico United States Fox Colorado Kathleen Maloney Eddie Lampert Caribbean Lampard mcallen President Trump Royal Caribbean port Canaveral Macy Sears Texas Florida five billion dollars