35 Burst results for "$50 Billion"

"$50 billion" Discussed on TIME's Top Stories

TIME's Top Stories

02:04 min | 3 weeks ago

"$50 billion" Discussed on TIME's Top Stories

"Brought to you by audible. Elon Musk's net worth has plunged $50 billion in two days by Sophie Alexander. Bloomberg. Elon Musk has lost $50 billion so far this week. After Tesla shares plunged for the second day in a row. It's the biggest two day decline in the history of the Bloomberg billionaires index and the biggest one day fall after Jeff Bezos $36 billion plunge following his divorce from MacKenzie Scott in 2019. Tesla's route comes amid a tumultuous few days for the automaker. It started when Musk asked his Twitter followers over the weekend, whether he should sell 10% of his stake in the company, followed by news that his brother Kimball sold shares just before the poll, capping it off was an insider report Tuesday morning on Michael Burry, the investor made famous by the movie the big short, saying Musk may want to sell shares to cover his personal debts. The Trump narrows Musk's lead over Bezos as the world's richest person to $83 billion. Musk surpassed the Amazon.com founder for the title for the first time in January and the gulf between the two recently rifted as wide as $143 billion. A figure greater than the net worth of Bill Gates, the world's fourth richest person. Cathy Woods ark investment management, whose funds have been selling shares in Tesla over the past few months, lost more than $750 million in Tuesday's sell off while Oracle corp founder Larry Ellison, the company's second largest individual shareholder lost $2.1 billion. Despite the slump Musk's fortune is still up 70% this year, thanks to Tesla's gains on the back of strong earnings growth. And delivery numbers and a higher valuation for SpaceX. Tesla's market capitalization has stayed above $1 trillion of benchmark hit last month after its third quarter results significantly beat market expectations and rental car company hurts global holdings placed in.

Elon Musk Tesla Sophie Alexander Musk MacKenzie Scott Michael Burry Jeff Bezos Bloomberg Cathy Woods ark investment management Kimball Bezos Twitter
"$50 billion" Discussed on KTAR 92.3FM

KTAR 92.3FM

02:36 min | 2 months ago

"$50 billion" Discussed on KTAR 92.3FM

"That's potentially 16,000 jobs and more than $50 billion in the pipeline projects represent some massive numbers in terms of impacts for our residents, 16,000 jobs and more than 50 billion in capital investment. Greater Phoenix area lost almost a quarter of a million jobs last year during the pandemic has recovered about 80% of those He thinks a lot of full job recovery sometime early in 2020 to live in the new Senator Jim Cross K to our news prices arising at a lot of people aren't working should be start bracing for the R word Overall, I'm not thinking that there's going to be a recession in the immediate future, at least not for a year or two. But Valley economist Jim Rounds tells Arizona's morning news. A lot of it depends on if the U. S can pull back from some of the stimulus because we can't keep rolling out trillion plus dollar packages. If you pull back all of a sudden you have a lot of problems because people want to keep Spending more, but their incomes go down. You got to do it gradually, The Federal Reserve is actually doing a good job of monitoring it. It's the politics of the federal government level that will mess it up. Brown says. Arizona's economy is also in good shape right now, just prepare to pay a little bit more when you go shopping Jeremy Foster K to our news. Thank you, Jeremy. And now it's time for traffic with that guy, you know, detoured in in the Valley Chevy dealers Traffic center. He's got some brake lights to tell you about developing where, well, East side starting to get a taste of some brake lights. Not in a major way, but you gotta start somewhere. Light delays westbound 60, starting to show up now between Gilbert and getting over to Alma School, it's adding up to an extra 2 to 3 minutes, the two Oh two Santan Freeway in the East rally, also starting to show signs and some light slowing westbound from Gilbert. Over to Arizona Avenue. There, you'll spend an extra 1 to 2 extra minutes as well. Where we're starting to see the heavier excrement itself is still on the West side. I 10 eastbound from Varada Way all the way into the 51 interchange. We're now up to about 9 to 10 extra minutes to your ride time. It would be a good idea to pack those with you. You're gonna need them stuff out. I 17 you're getting an extra 3 to 4 extra minutes here coming out of the Durango curve into the Central Avenue construction zone, But Funny thing is, we're just not seeing a lot of Rex. We'd like to keep it that way. Just traffic report Brought to you by QuikTrip tackle season means snack all season right now at QuikTrip Power your Game day with breakfast Sammies that taste like touchdowns and cold drinks that taste sweeter than victory. Q. T more than a gas station determinant thr news. What we aren't under a healer today still keep heat safety top of mind as we're in for another sunny and hot afternoon Phoenix reaches a high of one of seven Today tonight will be clear with a low of 80 highs will eventually drop into the low hundreds.

Jeremy Arizona Avenue 16,000 jobs Varada Way Jim Rounds more than 50 billion more than $50 billion Senator today Central Avenue Durango last year a year Jeremy Foster K 1 one 80 highs Brown Today Jim Cross K
"$50 billion" Discussed on KCRW

KCRW

01:32 min | 3 months ago

"$50 billion" Discussed on KCRW

"Companies pledged $50 billion to address racial inequality. But where is that money now, More than 90% of those commitments were actually in the form of loans and investments. Basically things that companies could profit from. That's on our body politic. Tomorrow morning at nine on KCRW Once again, I am Violeta playing La musica for you until eight PM And here's a new one by Yabba. It's called Boomerang, and she just Premiered the video and it's gorgeous, so you should check it out. It is yabba with boomerang. You. Give I shoot him in the stomach. Then he's hurting on my dime. And if I shoot him in the head and he's dead and just living on my mind Reflection in the mirror high perfection in his eyes. How much danger to myself? I run from 12 and take my rage across the counter height..

Violeta $50 billion Yabba More than 90% yabba 12 eight PM La musica Tomorrow morning at nine KCRW Boomerang boomerang
Biden Admin Withholds Millions of Aid for Hospitals Treating COVID Patients

Mark Levin

02:02 min | 3 months ago

Biden Admin Withholds Millions of Aid for Hospitals Treating COVID Patients

"Hospitals bulge again with Covid 19 patients. A wide swath of the health care industry is exasperated that federal health officials have not made available anymore of the aid. Since Joe Biden took office Now $44 billion from a provider relief fund, created last year remains unspent, along with 8.5 billion Congress allotted in March for the medical care in rural areas. Right. That's over $50 billion With the coronavirus Delta variant fueling 1/4 pandemic surge, they write healthcare institutions, lobbyists and lawmakers. Have ratcheted up complaints to senior Biden administration health officials, imploring them to decide how the money will be divided and when it will be distributed. Is this not amazing? All the people going on and on about how the federal government knows everything. Fauci, the CDC, the FDA, National Institutes of Health, HHS, They're sitting on the money. And other than Amy Goldstein. I haven't seen this anywhere else. There's just no good reason for the administration to be sitting on these funds, and Mark Parkinson president, chief executive The American Healthcare Association, a trade group that represents nursing homes and assisted living facilities. Many running short on money, he said, because the virus is heavy concentration of long term care centers early in the pandemic, a stop causing potential patients and residents to stay away. Parkinson said he has had four conversations for Since February. The agency and the Department of Health and Human Services. It is in charge of the money. And one last month with senior aides to HHS Secretary Xavier Becerra. Each conversation we came up with the feeling would be that month, Parkinson said. And we've been wrong.

Biden Administration Amy Goldstein Joe Biden American Healthcare Associatio HHS Fauci Mark Parkinson Congress National Institutes Of Health CDC Federal Government FDA Parkinson Xavier Becerra
Infrastructure Bill Would Add $256 Billion to Deficit Over 10 Years

Eric Harley and Gary McNamara

00:51 sec | 4 months ago

Infrastructure Bill Would Add $256 Billion to Deficit Over 10 Years

"Slow down the infrastructure bill Lunch. Jack Callahan, Fox News an attempt in the U. S Senate to end debate and moved to a final vote on the infrastructure package failed last night. There's more potential amendments were introduced. Senate Majority Leader Schumer says they'll be back at it at noon Saturday. Meanwhile, a government agency says the bill will add to the federal deficit the Congressional Budget Office finds on net The bipartisan infrastructure agreement would add 256 building. In dollars and projected deficits over the next 10 years. Negotiators have said the $1.2 trillion measure is fully paid for including through economic expansion from new transportation projects. The CBO projects increased revenues of $50 billion in direct spending cuts of $110 billion, but discretionary spending would increase by more than $400 billion. Jared

Jack Callahan Senate Fox News U. Schumer Congressional Budget Office CBO Jared
CDC Moratorium Is Illegal, Landlords Suffering to Pay Their Mortgage as a Result

Mark Levin

01:53 min | 4 months ago

CDC Moratorium Is Illegal, Landlords Suffering to Pay Their Mortgage as a Result

"Length this more time issue yesterday. That the president and the CDC do not have the legal authority. To ban landlords from evicting individuals who are not paying their rent that has been going on for months. And then Biden says, Well, we proved $50 billion to pay the landlord seven billion or 7% of that's been paid out. States are really confounded on exactly how they're supposed to do this, as you can imagine. It's a lot more complex than it seems. Meanwhile, these landlords Still have to pay the mortgage is, as I explained at some length last evening. And what's happened now is the CDC at the direction of the White House. Has decided to defy a Supreme Court ruling. Because apparently large tribe advised the president of the United States that he could do so Laurence Tribe is a washed up. Phony constitutional professor emeritus or whatever the hell they call them these days. He's a hack in my humble opinion. And a pretty damn bad one at that. And so even though the Supreme Court was clear that you need legislation that the CDC is a health organization, it does neither the power To prevent landlords. From getting payments so they can make their mortgage payments of the vast majority. Landlords do not own massive apartment complexes. Could be somebody that owns a duplex and they ran out the The rooms next door could be somebody running out. Room in the attic or in the basement and on and on and on. You understand? Running out a vacation home. These people are not allowed to collect rent right

CDC Laurence Tribe Biden Supreme Court White House United States
"$50 billion" Discussed on Snacks Daily

Snacks Daily

04:06 min | 4 months ago

"$50 billion" Discussed on Snacks Daily

"News to.

"$50 billion" Discussed on Newsradio 600 KOGO

Newsradio 600 KOGO

03:36 min | 5 months ago

"$50 billion" Discussed on Newsradio 600 KOGO

"And other large equipment. If you're taking a road trip this fourth of July holiday weekend, you might want to watch your speed Highway Patrol agencies here in California and Oregon and Washington cracking down on speeding drivers. Now the whole thing is called I five alive, and the goal is to make the 1400 miles of Interstate five safer from the Mexican to the Canadian borders. Officers on alert in all three states for speeders distracted driving here in California. The number of citations for driving more than 100 miles an hour are well above pre pandemic levels. Officers wrote up to 2200 citations in the month of April. Facebook wins a major legal victory as a federal judge Knocks down antitrust litigation filed by the FTC and several states. Federal Judge James Boasberg and the D C District Court dismissed the Federal Trade Commission's antitrust lawsuit that said Facebook engaged in a systemic strategy to eliminate threats to its monopoly. The judge said the FTC's case didn't even provide an estimated range for Facebook's market share over social networking. The judge did say the FTC could fix the cases, weaknesses and try again. He also dismissed an antitrust case filed by 48 States attorneys general saying too much time had elapsed between Facebook's acquisition of what's happened, Instagram and the filing of the suits. Some members of Congress said these rulings are proof that updated antitrust legislation is needed. That's Jessica Rosenthal reporting. James Corden changing one of the late late shows most popular segments after backlash from fans a petition accused the segment. Spill your guts or fill your guts of being anti Asian. They got more than 45,000 signatures while on Howard Stern's show recently, Corden said he heard the concern and he understands, he said he's not sure when it will return. But when it does, the show won't use any of the foods that people had a problem with. The segment featured celebrity guests who had to answer a question or eat the food that was in front of them. Yeah. Have you seen the segment? I haven't. It's like, you know, they'll have fried scorpions or something like that. Oh, Okay. So, our Asian delicacy Bill your guts or eat something really, You know, they think is gross, right? Baton Rouge family shocked to find $50 billion in their bank account. This is a shock I would like to have. It was a mistake, and we had a great idea, but I can't talk about it on the air. I don't think it's legal involved Felonious behavior. Well, the husband found out about the deposit through his wife, who frantically called him with the news that they had $50 billion in their account. Husband and immediately called the bank. I guess I would call them in immediately ish to report the inaccuracy but from Curacao or Seychelles or places that don't have, I don't know. Extradition to the Yeah, it's they did take Screenshots just To remember where they were when they had $50 billion in their account. I would like to remember where I was as well, sure. All right, here are the stories trending in San Diego. Unfortunately, the numbers are not looking good. 11 dead. 150 still missing following a collapse condo building near Miami and arrest home in La Mesa has been fine for failing to keep patients safe from sexual assault. We have your traffic here. Updated weather in three minutes. Kogo news time 8 47 to remind pet owners that progressive covers pets on your auto policy at no extra Charge. We're making a really cute pet themed radio commercial. You've got to see this dog. It's a little puffball. It looks like a piece of cotton candy that I could just eat up. Oh,.

Federal Trade Commission California San Diego James Corden Oregon D C District Court Curacao Facebook Corden La Mesa $50 billion Seychelles Jessica Rosenthal Miami Congress Washington FTC Instagram April Howard Stern
"$50 billion" Discussed on 600 WREC

600 WREC

02:04 min | 5 months ago

"$50 billion" Discussed on 600 WREC

"So that was pretty awesome. Apparently, according to the school, the passenger had become lightheaded and fell and, uh These two girls provided care. Talking to the doctor on the ground all about the passengers, vitals. And the L s U folks sharing that they claimed that they calm down the passenger and got her to take some juice and food and patient ended up following up with the dock when they got there, and everything's good, Nice job there. 7 37, Alabama's morning news. Speaking of Louisiana, How about this Baton Rouge, Louisiana family finding out what it felt like to have $50 billion in the bank? Well, sort of, as you might have guessed the cash was mistakenly deposited into their account 50 billion. Where's that coming from? Darren James says he found out about it. Uh His wife, who frantically called him with the news of the error. He then immediately called the bank to report the issue. They began the process of fixing things, but before he did All right. No. James took screenshots of their balance to remember what the kind of deposit like that would be on his statement at 50 billion, You know, would you not be on the phone with him? Go and listen. I know it's a mistake. How about if you just leave a millionaire for the mistake? Take 49 Point. Whatever billion out, Can you leave me just a smidgen. 50 billion. There's enough for a little something left in there, right just for the inconvenience of having to go through this. No, it didn't happen. 7 38 Alabama's Morning news Alright up next Biden's airstrikes now seen as a message to Iran, while the administration tries to revive this new deal. How do you bomb all right, We'll talk more about this. Joining us next. Trump Victory Finance Committee also worked with Trump on the 2020 campaign. Brian Thrasher trash or Rather will be back in with us in three minutes to talk more about this situation with Biden and the Iranians stay with us. Today. I'm taking it to.

Brian Thrasher $50 billion James 50 billion Today Darren James three minutes two girls Louisiana 49 Point Alabama 2020 Trump Victory Finance Committee 7 37 Baton Rouge, Louisiana billion Rather Iranians Iran
"$50 billion" Discussed on NEWS 88.7

NEWS 88.7

08:15 min | 5 months ago

"$50 billion" Discussed on NEWS 88.7

"Connect with artists and directly support them. And about half the business is physical records. So vinyl cassettes, CDs, a lot of T shirts as well. And then half the business is a digital music. So people buying, uh, digital albums and digital tracks directly from the artist and we also recently launched Live streaming so not tickets are part of it as well. But, um, You know, I would say that the thing that really sets us apart is that we just built the whole company around the welfare of the artist so we don't We don't sell advertising. We don't really focus on subscriptions. We just help artists sell their music. And then we take a small revenue share on every sale. So what I like to say is that we only make money if artists make a lot more money. And you know, sort of alignment of interests that we have built into. Our business model is really just everything that were about I would you know where I would say an artist, First music company. I've heard it described a little bit like etc. For independent music. Is that a fair comparison? Totally. Yeah, and which I take as a compliment, right? I think that that's um I think it's a really good comparison at sea and van Camper both really large marketplaces that, uh, I think really focus on supporting the creators. Yeah, I buy a lot of stuff of it. See, actually this past year, All right, so so in the late nineties One of my favorite books, which is when I When I reread it now rethink about it Now it's a little bit dated just because of the Content, but it was at the time or as a younger man was high fidelity. I love that book by Nick Hornby. I even like the movie, even though it took place in Chicago, Not in the UK and so was that you like you launched this in 2000 and seven Were you that guy where you like? I'm going to launch an independent record store online And what? How did you come up with the idea? Yeah, I don't know if it wasn't quote the thought initially wasn't really a record store. It evolved into that, so I'll take you through it. So basically what happened is about 13. Years ago, There was a band that I loved. And they decided that you know they were going to sell their new record directly to their fans on their own website, And on the day that that record came out, I went to their site, and the site just didn't load at all. And I thought, Oh, they must, You know, they must be slammed. I'll come back to the next and, uh, and the site loaded on that day, but it loaded very, very slowly. Uh, um This was also in the days of flash. Everything was so you know, it took a while to figure out exactly what was going on on the same. But eventually I bought the album and But then I didn't actually get anything. You know, the transaction went through, but no no music. It was never sent to you, or I was like a digital was going to be a digital tablet Digital digital album. What was the band by the way? Oh, you know, I don't want to call them out. Because kind of the point is that this was a lot of bands at this point, You know, I wrote two There was an email address on the site and I wrote to the the address, And I think it was the lead singer who wrote me back and he just sent me a link to a zip file and it totally open zip file that you know anybody could then share. And and then I opened that up. And there are all these all of these files with names like Master Three final. Yes, Yes. Nobody. No liner notes. Nothing. And, you know, I just basically in this process ran into like every technical problem that you can imagine. Yeah, it was just it killed me for two reasons. You know, One of the music was amazing. And I thought the artist I thought they deserved all the success in the world. And you know when you love right artists, right? You want everybody else to hear them right. So like as a result of all these problems, very few other people would. But you know, the other thing that killed me about it was that I thought that what they were doing, it made perfect sense. You know, Of course, an artist should be able to go directly to their fans for support. The Internet makes that super easy. This is the promise of it, I think and and And I also think it just creates this mutual. That direct connection creates this mutually beneficial relationship because not only just the artists get to make more music when I pay them, But also I get to feel like I'm participating in the creation of more of the art that I love. So I'm more directly connected to that music. But you know, this was 2000 and seven and there was just no mechanisms for musicians. There was my space. My space. Yeah. You know, they didn't have a way through my space to sell directly to fans. And it wasn't really your site. It was, you know, their logo a bunch of their advertising. It was their traffic, whole identity, right? And then So you had all of these forward thinking bands, in my opinion, who are spending a lot of time a lot of money, building out custom sites and then ending up with something that didn't really work. And I found that particularly crazy because again in 2000 and seven if you were a writer You had blogger type pad move right. All these things that like you set up your own site very, very quickly and easily. And then I would say, like, powered by movable type in the bottom, right? But it was yours, right? Yeah, It just seems so weird that if your artistic output was words, you had all those options of your artistic output was music. You know you're you're out of luck. So you know, I wanted to solve, uh, that problem, not just for you know this one artist that I ran into. But for every artist, one of the crazy things about your business is that It's actually been profitable. I think since 2012 and it's actually quite amazing, because if you think about and we'll talk about Spotify in a moment, But think about Spotify Spotify is valued at like $50 billion or something like that. And they have never been profitable, right? It's never they've never turned a profit. Um, and it's a company that is growing and focuses on growth and has a growth strategy. Um, what do you guys is? That part of your strategy is growth and scale. And you know all these terms of, um you're in San Francisco. You know, you know, these two do all those terms matter to you to your To your vision for band camp. Um, no, they don't know. I mean, we're really just I focused on our mission of serving artists. That's what inspires me. That's what I You know what I get excited about doing and I would say the company has grown and succeeded more as a as a side effect of focusing on that mission that we really have. And that to me, is just you know, that's That's a lot more satisfying than if we I think took the approach is Yeah. We were focused on what our mission here is actually grow the company. Get it to this size, Go public, sell it. Whatever it is, Um, that just hasn't really been the focus, um, ever Yeah. So I know that like New York. Her catalog is on band Camp and Peter Gabriel. Some of his. His work is on band camp. And it may be difficult for you to answer this question. You may not know, but Um, given the etc. Comparison is it on average? I mean, do artists make a living off of their work on band camp or or is it sort of part of a bigger ecosystem of the things they do? I would say that any artist should be doing a lot of a lot of things you know, on band camp, and they should be in a lot of other places as well. And I think that's had the approach that almost all of them take. But, yeah, I mean, a lot of artists that are on band camp are making significant amount of money. We hear all the time, mostly through Twitter that you know the the money that artists make through Ben Campus orders of magnitude bigger than what they're making from streaming services. Um, that it's how they're You know, paying rent and getting equipment and, uh, find groceries and all of all of that. So it's clear that word to me a part of, um, how a ton of artists are sustaining themselves. And that's that is great. Um, I love you know, I love hearing that. But, you know, the focus for us has never been on like measuring how many people are making over this amount? How many people were this amount? Because part of what makes bank campaign camp is that you know anybody can sign up for you can sign up for tomorrow..

San Francisco Nick Hornby $50 billion 2012 Chicago Peter Gabriel Spotify tomorrow UK 2000 van Camper New York two reasons Twitter One both two seven late nineties one artist
"$50 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 5 months ago

"$50 billion" Discussed on Bloomberg Radio New York

"Alright, You listen to us a lot. So you know a couple of spaces that we talk about a lot is the restaurant space because we know it was really brought to its knees. Uh, as a result of the pandemic really tough on the industry. And then they quickly learned to pivot and we're going to check in with the C E O P F change, because that's exactly what they are doing, and we'll find out their strategy in just a moment. First up, So let's get back to your top business stories how the week ended up in trading and it was kind of a good week or I should say at least a bullish week. I think if you look at the S and P 500, you can make that case Carol we finished at a record high. Today was the best week for the S and P since April. And I ran the chip. Five functions on the Bloomberg for the index were up a little more than 2.7% for the week. Now, in today's session, it was only one industry group within the S and P that was actually lower. Information technology. So if you know that it's not going to be surprised to hear that the NASDAQ composite is down today off from a record, incidentally, by just about 1/10 of 1%, so the NASDAQ comp at 3 14,060, the S and P 40 to 80. That's a record the game for the S and P 3/10 of 1%. Now strong today in the broader market financials. We know the big banks have passed the stress test. Now we're bracing next week for announcements on dividends and buybacks where the Dow was concerned. You really got to look at Nike. The stock was up more than 15%. We closed at an all time high. After Nike projected revenue for this fiscal year will surpass $50 billion for the first time.

Nike $50 billion Carol next week Bloomberg Today today 3 14,060 First April more than 15% NASDAQ Five functions first time about 1/10 one industry group 1% more than 2.7% 40 this fiscal year
Biden Says Jobs Report Bolsters Case for Government Spending

Masters in Business

00:17 sec | 6 months ago

Biden Says Jobs Report Bolsters Case for Government Spending

"After President Biden rejected the latest Republican proposal. The offer included a spending increase of about $50 billion over the previous GOP proposal. Biden said Friday that it doesn't meet his objectives to grow the economy tackle climate crisis and create new jobs. Well. This weekend marks the

President Biden Biden GOP
"$50 billion" Discussed on NewsRadio KFBK

NewsRadio KFBK

02:25 min | 7 months ago

"$50 billion" Discussed on NewsRadio KFBK

"Exceeded $50 billion at one point, so investors bid up Cryptocurrency created as a joke to more than $50 billion. You just shake your head, don't you? I don't understand it. I mean, the only reason you would buy it is if you thought there was a greater fool that you can sell it to tomorrow. Yes. And listen. Lots of people lost money on that. Lots of people lost money on that. It just seems like lots of people made money on it. It's it's reminiscent in the late nineties or these dot com companies that were popping up. And pets dot com is the one I remember most because in bankruptcy, the the value that was left in the in the company itself and pets dot com. Was primarily the hand puppet they used had the most value because it was a noticeable trade market. It's sold to another company, and they used it in their marketing. Which company? I don't remember. I was at the time investors thought it was really hot anyway. It just feels like it's a transfer of wealth from a lot of unsuspecting, mostly younger investors, Novice investors. Um It's not gonna end well for a lot of people, and it's a it's a shame. So just be careful when you invest it in stuff. Make sure you truly understand something before you invest. Let's let's take some calls here. Let's start off here with Joan Joan. You with all worth money matters. Hi. Thanks for taking my call. Pleasure. My question is About Irma. The income related monthly adjusted Mouth and It just seems to throw a monkey wrench into lots of things. But my particular question was on the sale of the house. My home. And I've lived here for 33 years, so I definitely meet the two out of 52 hours. Five of the owner ownership. All right, look. But I I wondered if some If you you can't rule, I guess from what I understand or what I ran. There's only $250,000. If you're single that's exempt in 500,000. If you're Married. That's correct..

Judge Strikes Down Federal Moratorium on Evictions

Morning Edition

01:42 min | 7 months ago

Judge Strikes Down Federal Moratorium on Evictions

"Hold on evictions during pandemic, saying the CDC didn't have the authority marketplaces. Nova Sappho is here. What's the immediate effect? Well, David. The judge struck down the evictions moratorium, but then granted a stay on her ruling after that, so right now no immediate effect, while the Justice Department appeals The CDC moratorium is still in effect. The concern is what happens shouldn't appeal court struck down the moratorium, too. Then we could start to see some serious consequences. We spoke about this with Emily Ben for She chairs the American Bar Association's covert 19 Task Force Committee on Eviction. It has the potential to cause widespread eviction to open the floodgates to increase. Health and equity among black and Latin next renters across the country. All right. Don't overdo renters have other protections from eviction. They do. A lot of renters are protected by states of dozens of them have their own moratoriums. Here's Emily bumper again. There are just over a dozen state moratorium remaining across the country at the same time, 19 State governors and state supreme courts have adopted or amended and added to the CDC moratorium locally. So all of this concern about potential evictions and the stay of the judge's ruling. All of this could be blunted by some $50 billion in assistance for renters that Congress has funded. It's been slow rolling out, and groups representing landlords say that's really the answer at this point rental assistance, not more eviction bands, David All right? No, but thank you,

Nova Sappho CDC Emily Ben Task Force Committee Justice Department American Bar Association David Emily Congress
White House To Meet With Tech Leaders About Semiconductor Shortage

WBZ Midday News

00:46 sec | 8 months ago

White House To Meet With Tech Leaders About Semiconductor Shortage

"Are growing about the global shortage of semi conductors and the White House today is holding a virtual summit with leaders from several companies that are impacted. President Biden today will spend a few minutes joining a virtual summit on semiconductors and supply chain resilience that the White House is convening with CEOs from leading chip manufacturers and automakers. Global shortage of semiconductors used in cars has forced Ford and General Motors to cut production of plants in North America, leading to concerns about inventory. The shortage has also impacted the technology industry, computers, cell phones and video gaming systems. The president's $2.3 trillion infrastructure plan calls for a $50 billion investment in semiconductor manufacturing and research. Karen Travers, ABC NEWS Washington.

President Biden White House General Motors Ford North America Karen Travers ABC Washington
Biden Calls for $50 Billion to Boost U.S. Chip Industry

WSJ Tech News Briefing

01:03 min | 8 months ago

Biden Calls for $50 Billion to Boost U.S. Chip Industry

"Speaking in pittsburgh yesterday afternoon president biden lifted the curtain on his two point three trillion dollar infrastructure plan and tech plays a key role the proposal allocates fifty billion dollars for the american semiconductor industry which has been grappling with chip shortage that sports automakers to cut production it also includes money for expanding broadband access incentivizing electric vehicle production in investing in research and development. Here's biden citing the historical precedent for spending on our indie when nasa created apollo's digital flight control system unheard of at the time led the technologies that help us today to drive our cars and fly our planes when nasa invent ways to keep food safe for the astronauts and led the programs that have been used for decades to keep food safe and supermarkets at least two thousand products and services have been developed and commercialized. As a result of american space exploration. The outline now goes to capitol hill where lawmakers will hammer out the specifics.

President Biden Pittsburgh Nasa Biden Apollo Capitol Hill
Officials say cargo ship refloated and on the move in Suez Canal

Steve Scaffidi

00:36 sec | 8 months ago

Officials say cargo ship refloated and on the move in Suez Canal

"Revive Egypt's Suez Canal once again, moving after nearly a week of holding up global trade, a colossal cargo ship blocking the Suez Canal and global trade has been set free Salvage team say they dislodged the ever given after five days of removing Sand and mud and wrangling. It's bow from the bank tugboats now hauling the vessel through to the great bitter lake for inspection. It's unclear when shipping traffic will return to normal. But nearly 400 cargo ships are waiting to cross an estimated $50 billion of global trade held up since the sandstorm left the ship stuck sideways in the canal

Suez Canal Egypt
"$50 billion" Discussed on KOMO

KOMO

02:18 min | 10 months ago

"$50 billion" Discussed on KOMO

"The East side, especially in Bellevue. This is a very difficult crime for us to get in front of in terms of prevention. These are crimes of opportunities. We tried to shop and get the best price. Joe Montreuil buys themselves precious metals at Bellevue. Rare coins. This is the play Diem. Palladium and says the thieves really don't care about this auto part really the best the demand for the metals demand for the so called rare earth minerals founded side platinum played him and rhodium are the three big ones. Did you get that platinum palladium and rodeo with the ladder now worth more than the price of gold? Think that's the main drive? They're just being able to physically get the product. Industry watchers say the global demand is being fueled by China's boom in manufacturing economy. Aside from vehicle parts, some of these precious metals or used inside cell phones and computers if somebody brought in a catalytic converter right here, would you buy it? No course not. That's because Washington State has strict laws and licensing requirements refined scrap metal like copper and catalytic converters, So there has to be some coordination between those they're stealing and those that are buying so far with very few arrests in these cases. Law enforcement agencies are now scrutinizing area scrapyards because if you still a candle converter at some point, you have to convert that to cash and that's going to be done against unscrupulous buyer scrap dealer someone like that, hoping to catch someone in the act from Seattle, Jonathan SHOW. Comeau News Co. Moh news time 6 50 time now for the propel insurance money update. Microsoft reportedly made overtures to buy Pinterest in recent months. The Financial Times says the acquisition talks are not currently active. Adding that in the past interest, a signal is preference to remain an independent company. Microsoft's acquisition strategy is targeting active online communities that it compare with his cloud platform. Interest has a current market valuation of about $50 billion. Zillah will pay $500 million to acquire showing time a Chicago based real estate company that sells software to facilitate home showings. Showing time has a network of nearly one million agents across North America. Its software is used by 370 multiple listing services. That's your money now. Jennifer Cash Inca Coma News. Second Wall Street Trading is underway and stocks are higher. The Dow up 77 points right now, at 31,005, 14 S and P 500 up 12 and the NASDAQ.

Jennifer Cash Joe Montreuil $500 million North America 77 points Bellevue Microsoft Chicago NASDAQ Seattle 31,005 Pinterest Jonathan about $50 billion Comeau News Co. 14 S Financial Times nearly one million agents three big ones 370 multiple listing services
Biden signs first executive actions as president

Hammer and Nigel

00:40 sec | 11 months ago

Biden signs first executive actions as president

"Joe Biden agenda Now that he's in the Oval Office sign 17 executive actions effectively undoing many of his predecessors. Key policies, things like stopping construction on the border wall, ending that travel ban from many Muslims. Jordy countries and rejoining the Paris climate Agreement and the World Health Organization boxes Kristin Fisher but has also released his Koven relief plan. The $1.9 Trillion coronavirus Rescue package includes direct payments of $1400 to most Americans. The plan also includes $350 billion in state and local government aid and $50 billion for covert 19 testing.

Joe Biden Oval Office Kristin Fisher Koven Jordy World Health Organization Paris
"$50 billion" Discussed on WTOP

WTOP

02:37 min | 11 months ago

"$50 billion" Discussed on WTOP

"President elect Joe Biden is calling for $1400 checks. In addition to $600 checks already approved by Congress as part of his almost $2 trillion relief plan, he says it's needed to pull out of this pandemic crisis. Deep human suffering is in plain sight. There's no time to waste. We have to act. We have to act. Now. CBS is Ed O'Keefe with some of the highlight. It includes $20 billion to boost the vaccination programs across the country $50 billion for to improve and expand testing for covert 19 across the country. $350 billion to struggling cities, counties and states across the country. There's money for schools to reopen and adapt to the pandemic, and notably, he formalizes his call for a $15 minimum wage. Unprecedented security has been put in place in Washington, D. C ahead of the January 20th inauguration, CBS News Travel editor Peter Greenberg Airlines have stopped serving alcohol on their D C flights. And they're also in high security for checked luggage restrictions. Many have banned any passengers checking firearms in luggage on flights between January 16th through the 23rd. Also, military jets will patrol the skies above the nation's capital, which will enforce a strict no fly zone. Metal detectors air now set up outside the house floor, and all House members, staffers and aides have to go through them. This following concern from House Democrats about some of their Republican colleagues. CBS NEWS chief Congressional correspondent Nancy Cordes, a couple of freshman lawmakers, Madison Cawthorne of North Carolina, Lauren Bo Burt of Colorado, who has spoken openly about the fact that they are bringing pistols onto the House floor that they feel that it is their right. Even though it is clearly against congressional rules, and there is an undercurrent of mistrust. Right now Firearms are restricted to a member's office only Long lines have made it difficult for Floridians to get vaccinated. Now the state is trying something new. I'm Peter King in Orlando, Florida is vaccinations have been marked by long lines, long waits and frustration for people locked out of crashing Web sites around the state. Now Florida's emergency management director says they're trying to set up an online portal for appointments statewide, he says it could be up and running in weeks. As of Wednesday, nearly 800,000 Floridians have been vaccinated. The priority is on people 65 older and at least one lawmaker worries that some seniors can't go online. He's pushing for phone and in person registration as part of the mix. Peter King, CBS News Orlando On Wall Street futures.

CBS Peter King Ed O'Keefe Joe Biden CBS NEWS Florida Congress Peter Greenberg Orlando President Nancy Cordes House Lauren Bo Burt Washington Madison Cawthorne North Carolina Colorado editor director
"$50 billion" Discussed on KOMO

KOMO

01:59 min | 11 months ago

"$50 billion" Discussed on KOMO

"That the Navy has told California that the USNS Mercy is unavailable to respond, because it's in dry dock, getting maintenance and won't be able to respond for many months, California's asking the federal government for 500 medical personnel to help with the cross year hospitals are overwhelmed with ER wait times up to 18 hours in Southern California. The state already requested 200 Department of Defense Medical personnel and got 75. Now it's asking for Mork like Stone, ABC NEWS LOS Angeles If there wasn't a steak, Snohomish County firefighters say they welcome it. They're getting their share of the covert 19 vaccine earlier than expected. More from Cuomo's Corwin Headache. Members of the effort. Firefighters union Local 46 say they were supposed to begin their vaccination program this week. The modern a vaccine doses they received at year's end were sent by mistake, Everett Fire chief Dave DeMarco tells the Herald it appears Snohomish County health Care facilities received their first dose is due to an error in King County. We'll take them, though joining firefighters up and down the West Coast who want to demonstrate the vaccine is safe people a lot of times follow our lead, and there's a lot of trepidation that's out there. This Pasadena, California Firefighters spoke to ABC seven. It's important to provide as much information as possible to set an example for those who are comfortable with getting in about 600 Snohomish County firefighters have been vaccinated since the program began last weekend. Corwin Hague. Cuomo News. A billionaire has not been seen since he criticized Chinese economic policies. ABC is Rebecca Jarvis reports. He's one of the world's wealthiest tech entrepreneurs worth an estimated $50 billion. No matter we are from a country big, small, rich or poor. Everybody should have equal chance to compete. But for the past two months, Jack Ma, the flamboyant founder of E commerce giant Alibaba, the closest thing in China to Amazon hasn't been seen in public.

Snohomish County ABC California Cuomo Snohomish County health Care Corwin Hague Department of Defense Medical Southern California Corwin Headache Navy Alibaba Jack Ma King County LOS Angeles Pasadena Dave DeMarco Mork West Coast Amazon
Schumer: New York will get over $50B from COVID rescue bill

All of It

00:40 sec | 1 year ago

Schumer: New York will get over $50B from COVID rescue bill

"To get $50 billion from Congress is proposed Relief package as W one Y sees Cameron rows reports it provides aid from Broadway to airports, runways. $250 million will be directed at helping tenants pay rent in New York City and at preventing infections. Another 65 million is earmarked for JFK Implicate Rd airports and Broadway is expected to get a big chunk of the money set aside for theater and music venues nationally. Still, New York Senator Chuck Schumer said the money is not nearly enough. It's not a stimulus bill. It's an emergency survival bill, he said. Members of Congress will continue to fight for more funding. After President elect Joe Biden takes office.

Congress Cameron Senator Chuck Schumer New York City New York President Elect Joe Biden
"$50 billion" Discussed on 600 WREC

600 WREC

04:37 min | 1 year ago

"$50 billion" Discussed on 600 WREC

"We've talked about whether modification for years we talked about Sura and the Chinese programs of the Chinese Russian programs that they were preparing the Arctic for war. China this week. Now this is from CNN. China this week revealed plans to drastically expanded experimental weather modification program to cover an area of over 5.5. Million square kilometers or 2.1 million square miles. More than 1.5 times the total size of India. According to a statement from the State Council, China will have a developed weather modification system. 2025 thanks to breakthroughs in fundamental research and key technologies, as well as improvements and comprehensive prevention against safety risks. In the next five years. The total area covered by artificial rain or snow fall will reach 5.5 million square kilometers while over 580,000 Square miles 220 20 out Sorry, 580,000 square kilometers or 224,000 square Miles will be covered by Hale's suppression technologies. So they have artificial rain, Artificial snowfall, Hale's suppression technologies and so this statement Added that the program will help with disaster relief, agricultural production, emergency responses to forest and grassland fires and dealing with unusually high temperatures. And drugs. China has long sought to control the weather to protect farming areas and to ensure clear skies for key events and see the clouds for the Beijing Olympics and Central said etcetera. Weather modification has been a part of their lives for some time now, as I said earlier. Now what I wanted to do also is I wanted to share with you. Another document. Now this is a document that's in the aftermath dot media libraries from the act of Scientific Agriculture Review. And it's entitled Weather Engineering, and it's undesirable side effects on the environment, Natural resource and agriculture and human health is by Monier Al Hussaini, who's a professor of environmental protection faculty of agriculture in Cairo. And I read the abstract little over an hour to have to go. And I want to read it to you again because Everything that is said in this abstract in this paper that was submitted about weather control and weather modification. Is exactly what people like me and others have been talking about from 9 1996 on about weather modification about dark winter and about Atlantic Storm. Now listen what this has said in this abstract I'm gonna read it again. So everyone is clear on what is happening in China. What has been written about in Cairo what Russia is up to and how war a weather war is underway at the moment, Okay? This is the abstract from that article from that review. It's a very interesting one. So I want to read it to you so that we could be clear on what's going on. In the abstract, it reads. Weather engineering scientists developed a new Kem trail technology applied by jets in the stratosphere for decreasing the global warming. It is based on building synthetic chemical clouds of aluminum oxide as wells back particles reflect the heat coming from the sun back in the upper atmosphere on this cooling the air on the planet. Applied aerosol mixture contains also nano particles of barium monoxide, which react to CEO to when reaching the troposphere, turning it into barium carbonate and bicarbonate. Leading to minimization of its content in the atmosphere. On the long run in 2000, the United Nations approved the first global weather engineering project in the history of mankind. To combat the global warming by Kim Trail technology for the period from 2000 to 2050 with a budget of $50 billion it's one billion a year. Financed and completely managed by the United States of America alone since the application took place on the global level climatologists biologist Agron Ah Miss and the medical institutions around the globe recorded and explain undesirable side effects of this technology with severe impact on the weather. Natural resource is a foreign Falana. Sorry. Flora and fauna as well as on human health. These effects could be summarized in the following number one creation of completely new wind directions by induced depressions. Number two the hydration of certain ecosystems through the aluminum oxide number three charging giant air electric fields, leading to more lightning that induce wildfires in tow, hydrated force and range land. Number four increasing frequency and empowering the natural disasters by seeding air with precipitation nuclei, causing floods Number five..

China Scientific Agriculture Review Weather Engineering Cairo Falana Hale CNN Sura Arctic India State Council United Nations Beijing Atlantic Storm Russia Olympics Monier Al Hussaini United States CEO
DoorDash now indicated to open about 70% above IPO price in NYSE debut

Morning Edition

01:42 min | 1 year ago

DoorDash now indicated to open about 70% above IPO price in NYSE debut

"Slices of the restaurant delivery company door Dash start trading on stock markets for the first time. Ticker symbol Dash Tomorrow. It's the debut of ticker symbol a BNB. You got it. His pandemic, the best time to launch a new stock. Many companies this year certainly thought so. Marketplaces nervous. A foe has some details. Just last week door, Dash said its target price per share at 92 $95 so debuting above that amount shows just how much investor appetite there has been this year for initial public offerings. They've raised a record amount somewhere in the 142 $150 billion range Doordash, certainly adding to that total, which is all the more remarkable because it's not yet profitable, and still, investors are valuing the company at around $39 billion. What's the equation here? Nova Tech stocks are doing well. So initials stock offerings should do well. Well, markets are hitting all time highs. Interest rates are New Year zero and investors they're looking for returns. IPO's are attractive. The average one week we turned this year for I pose. David has been 25%. And look at the notable debuts. We have door dash, which has seen business skyrocket during the pandemic. In September. We had talent era's yet unprofitable. The defense software contractor debuted at $10 a share. It's stock has nearly tripled in price. Since then. Now it has a market cap of nearly $50 billion, and tomorrow we do have Airbnb, which did we turn a profit in the third quarter, Thanks to cost cutting and focusing on long term stays. It's expecting evaluation around 42 billion All right door dash, not trading as yet quite but it'll started $102 a share. Right now, the

Doordash Nova Tech Dash David Airbnb
Biden picks Ohio Rep. Marcia Fudge for HUD secretary, Tom Vilsack to lead Agriculture

WTOP 24 Hour News

00:38 sec | 1 year ago

Biden picks Ohio Rep. Marcia Fudge for HUD secretary, Tom Vilsack to lead Agriculture

"Has chosen Ohio Democratic Congresswoman Marsha Fudge to lead the Department of Housing and Urban Development Politico reports. The Offered to lead the $50 billion agency comes weeks after Fudge launched a bid to become the first black female agriculture secretary. But Axios and other outlets report Biden plans to nominate former Iowa Governor Tom Vilsack for agriculture. Fudge lamented Just last month in an interview with Politico that black policymakers have treated traditionally been relegated to just a handful of Cabinet positions, including HUD secretary or details

Marsha Fudge Politico HUD Governor Tom Vilsack Ohio Biden Fudge Iowa Cabinet
"$50 billion" Discussed on 77WABC Radio

77WABC Radio

05:38 min | 1 year ago

"$50 billion" Discussed on 77WABC Radio

"All the people I haven't dust. Angel Garbarino running for Peter King seat Nicole might attack is finding Staten Island in Brooklyn Shall Farley running for Congress in the Hudson Valley, Vito Bruno of running for the state Senate in Brooklyn. Congressman Lee Zeldin in a long line and show running for re election without any further ado. Let's go to shelf are How you show John. I am doing fantastically well. We are crisscrossing entire district and I'm up north of the city and the Hudson Valley and we are Basically talking about the fact that we need Tio send Shaun Maloney home. It is time to end the era of career politicians and I want to go to Congress and actually get something done. Well, I understand that Sean Maloney boats 98% of the time with Pelosi is that correct? Actually with Speaker Pelosi. I e. The last two years he has voted with her 100% of the time has not a single vote. Yes, 100%. I mean, elected her if we want law and order in our country. Not only our cities, I mean, how could anybody vote on Pelosi side? Absolutely. And that is why I have been endorsed by so many law organised Penal law enforcement organization, the P B a. The F D, a the fo to 10 13 organizations because they're too horrified. I'll buy this and somebody voters feel the same way. You know, we need safety. But my opponent, Shawn Maloney, said that his hot priority was to eliminate cash bail. I won't he tablet on his wish exactly that he voted for the heroes at which he's always counting, but the problem with the Heroes Act Is that it would make the elimination cash bail nationwide cannot allow that to happen. And that is why Sean Maloney and a lot of it all of these progressives need to go. Washington. Tell us Give us one more important issue and and tell us the largest cities in your district. One more important thing to them. Yes, we've got Kitty Newberg begin are all of the very north of the district on the district in a goat south. It's all of Orange County, Putnam County. A little bit of Westchester is Duchess. Look the other thing. I'm an engineer by engineers fix things. There's no better master needs to be fixed in Congress and people say Oh, you know how we're going to get money to spend on infrastructure? I'm gonna get the money that New York loses every year. $50 billion that goes to other states that we need to bring back to New York instead on our infrastructure, and most importantly, he also lower taxes, you know, And what about some of your middle class communities? I understand that they want to put in Section eight housing. Yes, Absolutely. It's a big problem. You know, the president talked about this. No. The affordable Fair housing act. And look, I have, you know, empty land next to my house. You know, I you know, I don't want some high rise. The federal government determines, you know, needs to go in there. It's ridiculous. I mean, all of these decisions should be made locally. They should not be made at the federal level. And I mean, that is one thing that we need to change. And I've been very happy with this, You know, with the changes, But look, I expect President Trump won this district in 2016 1 of my two points he's expected to win it again is one of only 17 teach in the entire house. That that actually have that voted for the president had a democratic congressmen and that is why you need to put a sheet to take back the house and we could bring back law and order to New York shall folly If I lived up there for sure. Be voting for you. God bless America. God bless you and Andi, I'm endorsing you and and let's fight for America. Thank you. Thank you so much, John, he asked. God bless the Hudson Valley Shell Farley Goto West Side at Congress. Get something done dot com. And with us this morning is Vida blown up running for the state Senate in Brooklyn. Uh, Good morning, Vito. How are you Disappointed. Good morning star. How are you? Thanks for having me again. Vito. Tell us Tell all New York is telling all the people in Brooklyn, right? He should be voting for you versus your opponent. Right now, everybody. All they care about is public safety. People do not feel safe in this city anymore. All crime statistics. Of course, the awards are through the roof. My opponent had championed the bell reform laws. He stood with Mr De Blasio with the solo de funding of the police. $1 billion going away. And you know, as we all know, replies, the other words, Mayor of all time, you know, emptying Rikers Island. You take all of these factors, and you put them together at one particular and at any time each each singularly You have corn going to go through the roof, and it is. It's unsafe. People are miserable. They're unhappy. You know, I will stand up. Get rid of that barrel form or I will stand on Mr De Blasio. You know that This is what we need any public safety, You know, Safety security insanity yielded a sanity back into this song's all about feeling safe in the streets in New York, New York was too safe. A city in the world up to that bail reform on December 31 2019 on January 1 20 would be and now people are scared to walk around..

New York Congress Brooklyn Sean Maloney Vito Bruno Hudson Valley Speaker Pelosi Shaun Maloney Senate Congressman Lee Zeldin president Shawn Maloney Mr De Blasio Rikers Island Farley federal government Staten Island Angel Garbarino
U.S. Trade Deficit Narrowed in June as Imports, Exports Rose

Hugh Hewitt

00:30 sec | 1 year ago

U.S. Trade Deficit Narrowed in June as Imports, Exports Rose

"US trade deficit drops for the first time in four months, the trade deficit fell by 7.5% in June to about $50 billion the first decrease since February. The Commerce Department says exports posted a record increase, rising an unprecedented 9% while imports rose almost 5%. Global commerce has been hammered by Cove in 19 but some economists expect the US trade numbers to continue improving as production catches up with the recovery in

United States Commerce Department
"$50 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:34 min | 1 year ago

"$50 billion" Discussed on Bloomberg Radio New York

"This is for the Chinese e commerce giant Rob Shipment. He's a senior credit analyst at Bloomberg Intelligence. So, Rob, I'm just looking at the FAA. Function here on the Bloomberg Terminal. As of recently, they're filing. You know about more than $50 billion in cash. Lots of free cash flow, You know, a typical big tech company. What are they doing with all this? Cash and liquidity? Well, listen, we are bullish on credit or bullish on the tech and Internet space and in particular, were bullish on a handful of Chinese Internet providers. The only problem being at the top of the list. The amount of financial going for Alibaba is well, 10 cents is for in excess of the current credit rating. You have to remember not only these companies pumping through cash in their system They're limited in terms of their ratings because of the Chinese sovereign rating. Ali Baba, Cash said, is now $50 billion. You know, they're only lacking with the largest players in the Apple, Microsoft, Google and Facebook, But beyond that, nobody has more cash. Baba, and it basically means they can do whatever they want with it. We believe they're going to continue to organically in particular in the cloud business while I was in as the dew fat. So when you have all these big, you know Chinese tech companies, Internet companies do have all this cash. Is there a uniform way that they're all kind of using that shareholders kind of want them to use it? You know, there's there's so much diversity in some of these businesses are. The answer is it's being poured into a live variety of different organic investments. So for Ali Baba. Obviously the biggest area of revenues is their core commerce business, but you're somewhat of a slowdown in the business over the next 12 months, at least relative to where they were in the past 12 months. However unreal area growth is likely to be cloud and last quarter they grew their cloud business 62% you every year that's relative to 35% in the court Commerce business. So we think they're going for a significant amount of money into that, Just in addition, you know, tension has watch more variety of Revenue breakdown, crossover networks, blind video games, online advertising, and, in particular the fintech business. So for 10 cent, it's likely to be pouring more money into their fintech business and social networks. Oh, there's plenty of money to go around. There's also plenty of investments to go around. So Rob is from a credit perspective. How do you and the credit investors kind of discount are factor in the China risk here? And how do you think about it? That's a great question. Listen, there's been concerned for the past year or regarding terrorists and trade and regulatory issues. And then we layer on top of that cove. It In particular, though, for these largest Internet TEC players, their relative exposure to these issues are somewhat small. The name's treed at an emerging markets discount relative to US piers. Anywhere between, say, 40 75 basis points wider than then been us piers. And I think that creates a really opportunity. Um Ali Baba, for instance. They're not manufacturing anything. They're not shipping a significant amount of their good outside of China. The real risk is internal China risks and right now for China, it's somewhat simple for Vincent. There feel game on the line. Video businesses are booming, especially after a period where there was a weak regulatory environment that didn't allow new games to get published. So I think that though the headlines seemed like the risks are really high, the actual fundamental risks or low you can see that with their rates of growth. Revenues for the both of these companies are like climb anywhere between 20 and 30 cents. The equity market caps teams now 600 billion. That's in some sort of won. The sun is scale scope. Financial flexibility is really unheard of. Um, and I think that concerns are overblown when you can pick this sort of great environment. 50 or 65 beeps relative to a single A pier. You've more than outperform and that's exact half year to date, you know, investment grade credit is up about 5% year to date. Both father and 10 cents are up about 7% in general, I think father has a little bit of relative advantage because they haven't issued any bonds since 2017. So technicals are much better than Ali Baba versus 10 Cent, which is pumped in bond into the system. They just $6.6 billion dollars in 2018 5 billion in 2018. And really, they don't even need the morning. Cheap money just like names like Amazon, Apple Microsoft. I've been raising money because weighted average cost of capital is affected. Zero capital access for Tencent has been more than available and they're just taking advantage of it. If you go back to your original question, Uh, what are they doing with all this money? They're primarily parking it. Cash balances continue to grow, and it's the same time that continue to invest organically and build a wider diversity asset without disturbing their credit rating. Financial we're going over. Where the issuing at what coupon levels are they issue in? Well, that and also like I mean, we've seen a lot of companies in the U. S. Due euro bonds that they haven't done in a while. Except what we must understand where they don't know. You know? Listen there. There, there. Henson's been issuing in the U. S. Dollar market. This last this last $6 billion raise all US dollars, um, ranging from 1 20%. Three and 1/4 percent for five years. The bonds do in 2050% bond That's not do 2050. Now you're taking down money where There's demand, and right now there's demand in us dollars, but we're bringing records every and high grade. For a chew and year to date, Uh, very easy, very low cost. And, in fact as dramatically boosted demand, obviously not just for the company's, um, but for the biggest players like this, So when you're a single a name Even in China. When you've got a 600 billion our equity market cap on only 2025 $30 billion of debt, that demand is enormous. So I think that dollar markets going to continue to be The place where these guys fun, and they also have very low cost funding in in China as well. But the breath of the market in the U. S is dramatically bigger. Thanks so much for joining us. We appreciate it as always. Rob Shipman. Senior credit animals for Bloomberg intelligence. All right. Come on the program. All of it Solid for Alibaba and Tencent. What about for the homebuilders? You're listening to Bloomberg Intelligence on Bloomberg radio, providing in depth research and data on 2000 companies and 130 industries. You.

Ali Baba China Bloomberg Intelligence Alibaba Rob Bloomberg Terminal credit analyst US Cash Tencent Rob Shipment Apple FAA Microsoft Rob Shipman Bloomberg radio
Warren Buffett's Berkshire Hathaway loses $50 billion in first quarter

WTOP 24 Hour News

00:15 sec | 1 year ago

Warren Buffett's Berkshire Hathaway loses $50 billion in first quarter

"Airline stocks are all lower after Warren Buffett said he was done Buffett's Berkshire Hathaway has sold its entire stake of the four largest airlines a steak is biggest ten percent Berkshire Hathaway itself posted a fifty billion dollar loss in the first

Warren Buffett Berkshire Hathaway
Warren Buffett's Berkshire Hathaway reports nearly $50 billion loss

WTOP 24 Hour News

00:45 sec | 1 year ago

Warren Buffett's Berkshire Hathaway reports nearly $50 billion loss

"Warren Buffett's company reported a nearly fifty billion dollar loss on Saturday because of a huge drop in the paper value of its investments AP correspondent Shelley Adler reports even the very successful Warren Buffett is not immune to the financial woes that come with the corona virus Berkshire Hathaway says it lost nearly fifty billion dollars or over thirty thousand dollars per class A. share during the first quarter normally some forty thousand shareholders will be heading to Berkshire's annual meeting at this time but buff it plans to lead in the breezy aided online a version of it Berkshire is sitting on a pile of more than one hundred and thirty seven billion dollars in cash because Buffett has struggled to find major acquisitions for the company

Warren Buffett Shelley Adler Berkshire Hathaway Berkshire
Buffett's Berkshire Hathaway lost $50 billion in first quarter

Bloomberg Politics, Policy and Power

00:47 sec | 1 year ago

Buffett's Berkshire Hathaway lost $50 billion in first quarter

"Warren Buffett chairman and CEO of Berkshire Hathaway hosts the company's annual meeting today virtually earlier Berkshire reported operating earnings of five point eighty seven billion dollars versus five point fifty six billion a year ago helped out by gains in the insurance unit first quarter net income plunged into a loss of forty nine point seven billion dollars driven by unrealized losses in the massive Berkshire stock portfolio and buff it spent the first quarter building up a cash pile that now totals one hundred thirty seven billion dollars rather than spending it as stocks tumbled Catherine to Glinski covers Berkshire for Bloomberg if you buy into his hearing but she's actually a long term investor it will be stocks for a while you sort of expect those to recover over time despite you know it kind of current

Chairman And Ceo Berkshire Hathaway Berkshire Glinski Bloomberg Warren Buffett
Warren Buffett's Berkshire Hathaway reports nearly $50 billion loss

Masters in Business

00:32 sec | 1 year ago

Warren Buffett's Berkshire Hathaway reports nearly $50 billion loss

"Warren Buffett chairman and CEO of Berkshire Hathaway hosts the company's annual meeting today virtually earlier Berkshire reported operating earnings of five point eighty seven billion dollars versus five point fifty six billion a year ago helped out by gains in the insurance units first quarter net income plunged to a loss of forty nine point seven billion dollars driven by unrealized losses in the massive Berkshire's stock portfolio and buff it spent the first quarter building up a cash pile that now totals one hundred thirty seven billion dollars rather than spending it as

Chairman And Ceo Berkshire Hathaway Berkshire Warren Buffett
"$50 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 1 year ago

"$50 billion" Discussed on Bloomberg Radio New York

"States so they will be opening the door open safely and quickly I all because we have to get our country back a nursing home in New York City says almost a hundred residents have died from confirmed or suspected cases of the coronavirus and I'm Susanna Palmer in the Bloomberg news room Warren Buffett has been waiting years for stocks to look more attractive he apparently didn't think the first quarter plunge was that opportunity of its Berkshire Hathaway spent the quarter building its massive cash pile to a record one hundred thirty seven billion dollars of it hosts Berkshire's annual meeting virtually today Berkshire's first quarter net income plunged into a loss of forty nine point seven billion driven by unrealized losses in the stock portfolio gains in the insurance units investing portfolio helped push operating earnings up almost six percent to five point eighty seven billion dollars governor Andrew Cuomo says New York state schools and colleges will remain closed for the rest of the academic year he says at this point they really couldn't open safely we don't think it's possible to do that in a way that would keep our children and students and educators safe so we're going to have the schools remain closed for the rest of the year we're going to continue the distance learning there's some good news on the economic front bank of America is starting to see consumer spending edged higher after plunging with the start of the coronavirus lockdown CEO Brian Moynihan was interviewed on CNBC and he says the new increase which follows a thirty percent drop is showing up as consumers buy more groceries restaurant meals clothing and gasoline we're hearing that NBC universal's aggressive plan to streamline the media business during the corona virus crisis will include job cuts more on that from Bloomberg's Denise Pellegrini Jeff shell who runs the Comcast Corp division said this week that he was seeking ways to cut costs saying NBC universal would ultimately emerge as a different company and that could be the head count NBC universal employed sixty six thousand people as of the end of last year it's been hard hit is the parks have been shut sports advertising revenue isn't coming in a movie releases have been delayed or sent straight to video global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is.

CNBC Comcast Corp CEO Denise Pellegrini Jeff shell Bloomberg NBC New York City Brian Moynihan America Andrew Cuomo Berkshire Berkshire Hathaway Warren Buffett Susanna Palmer
Buffett's Berkshire posts nearly $50 billion loss as coronavirus causes pain

Bloomberg Businessweek

00:30 sec | 1 year ago

Buffett's Berkshire posts nearly $50 billion loss as coronavirus causes pain

"Warren Buffett has been waiting years for stocks to look more attractive he apparently didn't think the first quarter plunge was that opportunity of its Berkshire Hathaway spent the quarter building its massive cash pile to a record one hundred thirty seven billion dollars of it hosts Berkshire's annual meeting virtually today Berkshire's first quarter net income plunged into a loss of forty nine point seven billion driven by unrealized losses in the stock portfolio gains in the insurance units investing portfolio helped push operating earnings up almost six percent to five point eighty seven billion

Warren Buffett Berkshire Hathaway Berkshire
"$50 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 2 years ago

"$50 billion" Discussed on Bloomberg Radio New York

"Seaboard of United States summer shot salon and I brain Curtis trading is underway in Sydney we've got thirty minutes to go before Tokyo and Seoul open up and then two hours before Hong Kong and Shanghai and Shenzhen start to trade a little bit of negativity in the markets I mentioned one of these challenges that we heard from Paul Tudor Jones and Steve Cohen they say the prospect of Elizabeth Warren presidency would slam the markets John said about twenty five percent go instead about ten to fifteen percent we'll get to the markets in a few moments but for now the top stories of the hour yeah but just a talking trade and we're getting word that the trump administration is apparently moving to take direct control over weight calls are made sources at the White House one specific language in that trade agreement the U. S. struck with Canada and Mexico last year the language the white has one so would make it possible for the United States to determine where a global see companies make because I'm pods in order to qualify is Judy free make sure on down and says this adds a new twist to the agreement that level of intervention that this administration is much more willing to make than previous administrations and that's going to be really interesting legacy domino's is as automakers and members of Congress are pushing back on what the White House is asking for Congress hasn't signed the agreement yet well possible merger in the auto industry sources saying that fiat Chrysler and the French maker of Peugeot are considering a tie up a fiat Chrysler PSA merger would create a European powerhouse this is something that would reshape the global auto industry in the meantime Honda is reportedly merging three parts companies with Hitachi that's according to the Yomiuri newspaper billionaire hedge fund founder ray Dally is as the global economy is on the seas thanks to ineffective multi policy a rise in the wealth gap and climate change.