21 Burst results for "Ab Inbev"
How top brewers are responding to decreasing beer sales
"Well AB InBev isn't the only brewery seeing declining sales of traditional lockers in the last few years some top brewers are now looking beyond a beer CBS news correspondent Janice Hamlin has more from the Molson Coors brewery in golden Colorado they're not abandoning the beer aisle but there's a new menu on tap from canned cocktails an alcohol infused seltzer's to what would seem an unlikely combination hard coffee bars and restaurants are seeing the spike in alternative drinks hard seltzer sales in twenty nineteen hit one point five billion
Tougher Huawei Restrictions Stall After Defense Department Objects
"We've talked recently about how the Commerce Department was pushing for stricter regulations that would make it harder for us. Companies to sell to the Chinese tech giant wall way but those those efforts are now running into a formidable opponent very close to home the Pentagon secretary of Defense Mark Esper- says it's all about balance while alway is a big customer for US high tech firms. They also supply the Pentagon and the rest of the government with the best technology. The Pentagon is concerned that if companies lose a key source of revenue from Wa wa the financial impact could put them at risk of losing their technological edge because they'd lack the money to invest in research and
"ab inbev" Discussed on AM 970 The Answer
"The second annual Flynn on fire festival that's taking place next month in Vermont we have details on that and so much more what is the flame on fire festival we're gonna give you all the details that's coming out in just about twenty minutes from now the big beer news from last week in full disclosure I tape the show early because I was off on vacation for a couple of days so I take that like Monday Tuesday of the week before so this news broke a couple of days after that energizer Busch InBev bought another brewery surprisingly everybody thought that AB InBev was done after they acquired a breweries from across the United States in key strategic areas but apparently after a two year hiatus the last acquisition they made was back in may of twenty seventeen in the the required wicked weed the world's largest manufacturer announced the acquisition of Cleveland's platform beer company this transaction expected to close sometime in the third quarter and they spoke to brew bound platform that co founder Paul better so the Ohio creek brewery began exploring different investment mechanisms about six months ago in an effort to continue the company's upward growth trajectory ultimately better said he and co founder Justin Carson retracted to the economy in independence a B. provides the founders in the daily decision making of its acquired craft brands as we became more educated on what the partnership actually looks like it became more more clear that this was the best option for us for the short term and the long term as a company so selling to a being and this is again I talked about this with blue point and this is the reason why I think a lot of these breweries sold to AB InBev now some people say they sold out others will begin to think differently but here's why so selling to a B. will also provide platform with additional resources to upgrade its facilities and provide its employees with additional benefits such as improved medical dental vision for one K. match and parental leave and other professional development opportunities better this bit better said to brew down we will have a place that people love to work there these are really important cogs in that we've never been able to offer some of those resources and now we can so it's interesting this is part of the and also brown spoke to the president of the a B. brewers collective Marco or Micah McHale is and if they asked him if the acquisition of platform foretells future craft brewery transactions and McAlester climbed to answer so the plat platform the company's gonna end itself distribution business in Ohio where about ninety percent of its volume is sold we're gonna join ABC wholesaler network in the state of the company is ending the self distribution business it will not be laying off workers an AB is gonna help platform complete a pair of expansion projects that are currently underway a dedicated sour beer facility called the funk and ship which is slated to open in about three months in a ten barrel brewing tasting room in Pittsburgh which is expected to open in the first quarter of next year so again here's the thing I think part of the reason why these breweries cell to AB InBev or to another bigger conglomerate is because as the market is getting bigger and the companies are getting you know more known the fear is getting better from it you know a particular brewery whatever it is they are finding themselves over extended in terms of debt they want to you know they want the company to continue but they they maybe they can get the lending from the bank so now here comes AB InBev here comes Miller cores and they're looking to acquire you and some say well I don't ever want to sell out to big beer that's not what I want to do that's fine you want to stay in your small little card to make a living and you know you have ten fifteen employees and everybody's making money and everybody's happy and and that's great and I don't begrudge that at all but there are others that one a little bit more the piece of the pie war they want to be able to provide their employees with a little peace of mind now again could this mean layoffs down the road for some of these breweries sure absolutely big companies like that they downsize all the time to make sure that everything fits within the budget but this gives platform an opportunity to give its employees something that couldn't give before and that is important that was part of the whole thing with blue point when I spoke with the owner of blue point three years ago when he said to me Hey look I want to be able to do these things with their capital I can do it without overextending myself if there's an economic downturn I can whether it now with the bigger company where I would have been able to do so before so again I don't regret and I'm dying to get up to blue points to facility I've not been there you know for me it's all it's two and a half hours minimum to get out there that's a lot to drive all the way out there for you know for the tasting room and then to drive back are gonna be able to do other things out there or otherwise it's not worth the drive for me especially the summertime is just crazy to go out to Long Island but anyway I digress this is an important thing for some of these guys they want to be able to keep the brewery open and moving and we're seeing breweries closing part of the reason why the receivers closing is they over extend themselves they overspend themselves they can't pay down the debt and all of a sudden they're not making enough beer to keep up with the demand and to be able to pay off other creditors that's a big deal that's a difficult thing we're seeing there were all kinds of just just what might my son gets this loot crate right every every month they send the crate and has different things from different TV shows and movies and sci fi comics and animation all kinds of stuff right he loves it the company this past week filed for bankruptcy they couldn't keep up we have got to create in about a month and a half because there there's you know they they they can't pay their creditors so they can't get their stuff out so now they got an infusion from an investor for about ten million dollars I'm probably going to give up the service because that that my son is a grown up but it's becoming pricing now and I want to cut back on things that I'm spending you know not because I think that there's going to be an economic downturn but you know you got to pay attention to some of these things it's important I don't begrudge platform for doing it you don't want to drink their beer anymore because they're AB InBev that you're right there are plenty of other local breweries up there that you should be supporting that make great beer in the states of New York in New Jersey and elsewhere across this great cross country of ours all I'm saying is I understand the reasons why some of these breweries do it kudos to platform good luck to them and hopefully nobody loses their job over the next couple years due to attrition or anything else as we continue on here in our news and notes segment here on the other two oh crap your cast on A. M. nine seventy the answer Mother Earth is announcing the annual release of one of the more popular brands pie mortal imperial IPA it's in every August release the dates back to April of twenty eleven in original a twenty two ounce bombers they are now also in sixteen ounce cans primordial an amalgam of flavorful in America aromatic cops paying homage to citrus and resin laden versions so again this is a clearly a a straight on west coast IBM IPA it is out on draft and sixteen ounce four pack cans already so if you if you have the opportunity you can check out some stuff for mother earth Mother Earth is in New Jersey there also in New York as well these guys make some good beer atavistic California they really do nice job making I. P. is a like a a bunch of their their stuff here's something cool something that North Carolina has done in that New Jersey sort of needs to do A. S. A. P. North Carolina governor Rick Cooper signed Senate bill two ninety into law last week that allows pets inside breweries that do not prepare or serve food starting on September first the state previously been pets from all food establishments including breweries however did not distinguish between breweries with restaurants and tap rooms that do not serve food according to port city Delhi under the new law a brewery is defined as being not engaged in the preparation of food on the premises I'm looking at you New Jersey I'm looking at you stop making laws or rules that don't benefit certain people having a dog in a brewery is not a big deal they're not preparing food especially if the bright tanks and everything else that they have is behind another door that separated from the from the pets people and everything else it's ridiculous this is a very easy fix all you have to do is pass the ruling and move on it is ridiculous that people can't bring their pets to a brewery even if they have outdoor space etcetera etcetera I'm done with this I'm done with the way New Jersey does business sometimes in this state we're having this great expansion breweries are opening a you know a seemingly every week and a lot of them are making great beer and you're hindering the progress of small business in New Jersey governor Murphy in the legislature get your act together and pass something here to to help to help the beer industry the craft beer industry thrive and prosper when we come back after a short break more news from around the world including lots of different changes that are happening with hard seltzer that's right hard seltzer cells or whatever you want to call it it's a wave is in a way that's going to continue we'll talk about that next this is the obvious to grab your cast on AM nine seventy the answer.
"ab inbev" Discussed on AP News
"A strong earthquake hit the Greek capital of Athens causing residents to run into the streets and fear and firefighters to check for people trapped in elevators AP correspondent Syria Shaklee reports the Athens institute geodynamics gave the earthquake of preliminary magnitude of five point one but the U. S. Geological Survey gave it to a preliminary magnitude of five point three the Athens institute says the quake struck at two thirteen PM local time about thirteen point seven miles north of Athens the quakes box limited power cuts and communication problems around Athens and the fire brigade reported receiving calls about people being trapped in elevators I'm sorry a shockingly Belgium based AB InBev the world's biggest brewer with brands like Budweiser in corona said it's selling its unit in Australia to reduce debt after decided against listing shares in Asia it's selling Carlton and United breweries for sixteen billion Australian dollars which is about ten billion euros to Japanese rival I saw he group AB InBev said it will use almost all the money from the deal to pay down its billions in debt from its purchases of US based brewers Anheuser Busch and SABMiller it had planned to list some shares on the Hong Kong stock exchange to further bolster its finances but it said this month that it no longer plan to list those she has due to tough market conditions former New York Giants defensive lineman Mitch petrous has died in Arkansas of apparent heat stroke the Pulaski County coroner says petrous died Thursday night at a north little rock hospital after working outside all day at this family shop this while much of Arkansas was under a heat advisory from the National Weather Service petrous was a university of Arkansas walk on who was drafted by the giants in the fifth round in twenty ten and had a three year NFL career winning a Super Bowl with New York in a second season and playing briefly for the New England Patriots and Tennessee Titans the following year Mitch petrous was thirty two British Foreign Secretary Jeremy hunt says Iran's seizure of the British flag tanker industry to form list violates international law looking at options we're looking into diplomatic way to resolve the situation but we are very clear that it must be resolved Freeman navigation in the Gulf is absolutely essential Iran's revolutionary guard sees the British tanker and stop the Liberian flagged vessel today president trump keeps up his criticism of Minnesota Democrat Ilan Omar and three other first term house Democrats what they call our country garbage I don't care about politics I don't care if it's good or bad about politics many people say it's good I don't know if it's good or bad I can tell you this you can't talk that way about our country now what are the president Omar tells supporters in Minnesota we are going to continue to be a nightmare to that's what I thought I'd good African American state legislator in Georgia says she was verbally attacked in the supermarket today by a middle aged white man who use profanity Calder vulgar names and told her to go back where you came from as our nine year old daughter was looking on representative Erica Thomas in a Facebook video says she was in the express line with too many items because she can't stand for long periods of time when the man came up and began to aggressor she didn't record the incident but has asked police to get the store surveillance video much of the country baking under a heat wave thousands of New York City commuters indoor more than our stock and stop subway trains as a transit systems gravel to restore a bulky computer program transit president Andy by for it was the service that I had to I had done failed such that the signals could not be seen so the service were recruited progressively the signal indications came back up this is a P. radio news west Palm Beach Florida is merit doesn't see anything wrong in using music to drive homeless people away from the city's downtown the AP's Josh Replogle has more it's raining tacos music blasting overnight in west Palm Beach Florida where officials say they're targeting the homeless date for the purpose of aggravating the heck out of anybody Dan Ketchum sleeps in the park or tries to consider that moral is considered legal to drive away almost to discourage people from spending the night there mayor Keith James calls it innovative doubling down despite the ACLU condemning the city's actions as cruel we thought it would be a good idea I still think was a good idea to play music some annoying songs to the night Josh Replogle west Palm Beach Florida to the choir AP radio news more news right after this let's say you just bought a house bad news your one step closer to becoming your parents you'll probably most along and skip anybody notice to mow the lawn tell people to stay off the lawn compare it to your.
AB InBev pulls Budweiser listing, canceling year's largest IPO
"Equity analysts say Anheuser Busch InBev his decision to scrap what was slated to be the year's largest IPO is a bad sign for the pace of its debt reduction and future emanate Macquarie calls it a meaning fully negative development the world's biggest brewer said Friday that it had decided not to proceed with an IPO of its Asia Pacific unit citing market conditions AB InBev the U. S. depositary receipts fell three percent on that news in Friday afternoon
"ab inbev" Discussed on Bloomberg Radio New York
"The top stories for investors in the coming week up later in our program AB InBev get set for one of the year's biggest IPOs but first let's turn to Europe where Greece heads to the polls in a snap election as leftist prime minister Alexis Tsipras tries to hold on to power for more let's head to London and bring in Bloomberg daybreak Europe anchors Caroline Hecker and Roger herring Greece's syriza party stone to power in twenty fifteen with promises to eliminate to stare see but the youthful prime minister Alexis sick press was forced to accept a third eighty six billion euro bailout from predators the E. U. and the IMF of the grease was almost subjective from the euro now having cold in early poll of the European parliamentary elections he faces dissatisfied voters well joining us now is and any current whose Greek government reporter for Bloomberg in Athens site and any the prime minister Alexis Tsipras had a record setting four years in a series of policies might cuts in unemployment implement a higher minimum wage and offer tax cuts in may but the face to seem dissatisfied so why is that well to begin with a minimum wage increase didn't come until February which was a little too late to be able to turn things around her depressed and yeah the bridge didn't decrease the unemployment rate and offer some last minute tax cuts but a ball bullet don't forget that the press was elected with a mandate to get rid of the country's bailout and he ended up pulling commencing one before the country exit the program last summer people feel like they were let down and that they were tricked into believing they perceived false promises and the lines you can get a lot better girl so you then the opposition party the center right New Democracy led by Kyriakos minutes of talk is he's actually the scion of a school in political family what is he offering vices yeah because that that case is business friendly and he's rice is basically Greeks going back to what they know after voting for depressed two business days the promise of investment flowing into the country opening up new jobs and certainly a punishable toward the press is what driving the momentum in a democracy is gang I suppose there's some concern of course is that it could also mean backtracking on some of the belt tightening policies is that worry that that might happen if there were a center right government in Greece I don't think of fear backtracking is so much on the table right now so far most of the cases ladies doesn't involve any backtracking on reforms he's very pro reform and probably creditors are going to be happy with the same power snow lady this is the first national election at least in Greece is produced by out here at the country's come very long way the Greek stock markets rallied incredible turnaround from the crises while the Greek.
"ab inbev" Discussed on Bloomberg Radio New York
"Along with Tom Keene. And Paul Sweeney S and P five hundred little changed at the open at twenty seven fifty one. The Dow Jones industrial average little changed as well up appoint a twenty four thousand eight hundred seventeen the NASDAQ down about two tenths of a percent on eleven points to seventy four forty two ten year treasury at four thirty seconds, yield, two point one one percent yield on the two year one point eight eight percent. Nymex crude oil at one and a half percent or seventy nine cents to fifty four twenty nine of barrel. Comex gold is up six tenths percent or eight dollars thirty cents. If thirteen nineteen forty announce. The euro, one point one one nine four against the dollar. The yen went oh, eight point three nine Tom and Paul. Thank you so much images now of the president at Buckingham Palace with the Queen, and it is wonderful to see John Bolton in the background is well, looking at a number of items from the collection, I see in the distance a etching I will say of George Washington is up in many others. Ms sanders. The press secretary is well, but is remarkable to see the president in a very relaxed Queen. She's not dressed up in the usual hat in person such, it's her house, and she's walking around with the president, in that feed will be part of the evening news. No doubt about that. What we have is green on the screen. What an ugly beginning to the day, and then some real volatility in an improved tape is well, the yield stone three basis points at the two year one point eight nine percent, watching Japanese yen, and finally turns stronger. Japanese yen, one eight forty three a joint pulse, weenie, Tim, with Trevor sterling who's a third of those big beverage companies you remember Paul your bottom you forgot about him. You lock them away in a lock box. Why don't you bring in mister sterling on Mexico, but just also on all the certitude, we used to know about his world, and it's all been blown to smithereens hasn't yet it's been just a tremendous amount of consolidation in the in the global beverage business. Trevor sterling he knows all about it. He is a senior analyst at Sanford, Bernstein covering global beverage industry from loving London. Trevor, thanks so much for joining us wonder if we could just talk about the, the brewers at the moment. I know that AB inbev has been some of the other brewers Heineken been under some pressure concerns about some of the tariffs, particularly from Mexico. What are your thoughts there? Well, Mexico's very important Balka trip both companies for a Heineken makes roughly twenty percents less than twenty percent of its global profits. Come from domestic sales in Mexico, and for AB inbev, it's about ten percent of global profits. So there's two things that need to say that they need to worry about one is a terrace goes through. And if they had a significant significant negative impact on the domestic economy in Mexico, then you could see kitty impact on beer in Tucson into nine the impact of Taras hit more heavy industry, which isn't so labor intensive so impact wasn't as bad as he might have feared. But a lot depends on how that plays out on the second of the brewers skating. Mexican beer is a big import category into the states, particularly for constellation who owned a corona brands in the US. That's any incremental exports terrorists are either going to come out of motions it will be passed through to consumers, so trimmer, just pulling back a little. A bit from Mexico when I take a look at the global beverage market. I mean, if you walk into if you, you know, thirty forty years ago you walked into your typical US tavern, there may be two three four five taps behind the bar. Now you go in there and there's twenty thirty forty beers on tap. How are the big beer brewers doing in a market where there's so much fragmentation so much craft beer? You go to separate the United States and the rest of the world, the penetration of cross beer in the US is uniquely. Hi, it's up to thirteen percent by volume of the market today. And that's the result of the three tier system for alcohol in the US. You big brewers delivered directly to retailers. They must go through independent wholesalers. So the US is uniquely open. In terms of access to the market for these small brewers. That's one point to make on the second point in the rest of the world. The brewers have seen the gross across beer on Stony preemptive. Crump beer is silting went in the rest of the world. But the big brewers reacted much earlier. So in the US the world has changed it's changing the rest of the world as well. But Nope, quite as quickly or as dramatic that hasn't the US Trevor sterling Sanford Bernstein, where this Trevor you saw there the research of pulse Sweeney on the number of beers at any given employees that we would see today versus a few years ago. Trevor, how are we doing selling water the companies, you follow are looking at cultural, profound behavioral changes in what we consume in a plastic bottle or glass bottle in the basic theme? Is we gotta move water in some form. How are they doing? Well, they if you look it s no consumption, so total L, go consumption, actually hasn't really changed much in the last ten years. So I'll cook assumption per capita and the US is more or less flat. If you look at the content, but what he's changing traumatically as our people consuming, and most of the consuming. So Kelly beer has been losing share of alcohol for twenty years, not being consistently taking care of alcohol. So it's the pictures changing lot. But if you get to local consumption changing that much tremor, a question here, we've got well heeled audience. And everybody's either wants to start an waster, farm up in New England or maybe come up with a boutique Jin when you see everybody starting up, Jin's vodkas, tequila, because they want to be the next George Clooney and sell it for a gazillion dollars. What's your advice to the guy Corning union weekend who says? I wanna make the next bottle of gin. What do you advise those that want to get into the business? Classic you, you need to be distinctive you need to have some proposition that's going to set you apart from everybody else on the some combination of you do. Need a good liquid the Chia very drinkable? You need a brand positioning. And then you need to really team behind you the right messages. Extraordinaire here to speak, the Trevor and very quickly while I'm watching on her feet here, the Queen her majesty and President Trump. It's the most relaxed Paul, I have seen President Trump in weeks and weeks and weeks. He is genuinely having a good time with the ninety three year old monarch the Caravaggio Venice portrait's in the background. It's the first time I have seen President Trump relaxed Paul in ages weaken, you probably tech Inc credit to the Queen. You could argue that it's probably the greatest. So Trevor should just will quickly are we can get more consolidation in the spirits and beer business. Or is that we played out there? In beer your launch. She played AB inbev and Heineken just so big that they can't there isn't really anybody their significant would moves and eagle particularly for AB inbev. But what you're to it. It's not happening across beer, so recently on the merger between Boston beer and fish dogfish head. So I think you're gonna see a lot of consolidation between cross breweries but amongst the big guys, we haven't seen a really big deal for several years since I say. It was both on either. Trevor sterling, thank you so much. Yeah. He's the covers everything on the beverage front four Sanford Bernstein. I hope hopefully Tom, you Jonathan can do some primary research and the pumps around. Core research, John gave me a restaurant and Suffolk is called south of the river Thames that I enjoyed it only Stor ELD, Mr. Farrow, amendment that I cough and I clocked it. I did very on the screen. If you've been listening to Bloomberg surveillance this morning, you do not expect that we've had an improving tape. We see that inequities. The Dow up seventy seven points, but on the yield basis still lower yields this Morning Post Sweeney and Tom came really to dry for the conversation and then stay with us all day as president travels to London meeting with her majesty the Queen from our studios worldwide. This is Bloomberg. Let's get national headlines right now with Michael Barr. Michael, thank you very much ball. Thank you. Tom. President Trump and the first lady are in London for an official visit this morning right now. They are meeting with the Queen, and then later tonight they will join a formal banquet opponents arrival. The president has some choice words for the mayor of London. The president tweeted, mayor city cone is a stone gold loser secretary of state. Mike Pompeo says China's trade policies have been hugely unfair for decades and a mindset that his represent Representative of the nation's predatory political mindset, China wants to be the dominant economic and military power. The world spreading Thornberry vision for society, and it's corrupt practices worldwide Pompeo comes as trade tensions between the US and China continue Pompeo is in the Netherlands for the global entrepreneurship summit early upon peyot tried to convince European leaders that the US does not want to go to war with Iran and says the administration is ready. For talks without any preconditions a singing, or three and official has appeared in state media days after a South Korean newspaper reported. He was purged over the failed nuclear summit with Washington. Photograph showed Kim Young Joel attending a concert and sitting a few seats from leader. Kim Jong UN global news twenty four hours a day on air at tick tock on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. Michael barr. This is Bloomberg com. Mukkaber thanks so much north of Boston, we thank you for listening and Dammar. Scott a main Heron island oysters, this is Bloomberg..
"ab inbev" Discussed on KMOX News Radio 1120
"All right. Thanks for joining us everybody. We're talking major Garrett. I think today unless he's on a plane heading to Atlanta because he is going to be broadcasting or podcasting something casting from the Super Bowl saw. He tweeted a photo of himself. He's flying coach CBS Washington correspondent flying coach. He should be flying first class, but we'll get into maybe it's not as own dime. Okay. We'll find out speaking of your own dime. I saw this Anheuser-Busch now AB inbev wants to expand. They say seventy five million dollars in the su- lar- brewery. So it can make new products and retain jobs this by Jacob Barker who covers these matters for the post-dispatch the they're saying they'd like to put in seventy five million dollars. But they also want a break on their taxes personal property tax. They want to sixty five thousand dollar property tax break. So just I'm just. Saying again, it's it's great to have them here. No doubt. And I love that tour and psychotic. And we're a beer town. All that and more. I would just say if we're talking about this the last half hour cities and towns, do you bend over to give all of these tax breaks right now, the corporate tax break has been pretty substantial thanks to the Trump administration and Republicans in congress, you're going from what a high of thirty nine point six to about twenty percent corporate tax. And now you're going to quibble over sixty five thousand dollars when you're AB inbev. Probably you probably spill more beer on the floor, then sixty five thousand dollars. But that's how these things work. And then we wonder gee, how can we don't have money to pick up trash? I'm just saying I want to go all socialist on you. I just don't like the crony capitalism. If you wanna forget every forgive everybody's personal property tax. Like Chucky doesn't have to pay personal property tax on his car from Johnny land off. That's fine. Everybody can get that break. But just because you're big you get it in the little guy does not we've talked about this before Andy, Cranston. Does he get a single tax break? I don't think. So he doesn't get one. He runs crown candy kitchen, not one. He's iconic. He's legendary he's got a good business. Four three six seven nine hundred eight hundred nine to five eleven twenty mail was not delivered yesterday. What happened to that credo despite what what is the post office credo? Neither wins the dark of night. Freezing coal. We will deliver the mail while they didn't yesterday. Now it was very cold yesterday. So schools were called off. But now they're called off again today. I'm looking outside. Why? Did you not have a chance to find those gloves? Our daughter's school has been cancelled two days in a row, but they went to a retreat in Belleville. So actually drove further yesterday. I I'm not figuring it out. And now we also have this discussion last hour that people can't get to the voting booth on election day. Now, aren't they open from six to seven or six to eight? They're open pretty early, and then they close pretty late and people can vote absentee who's the person who can't get to the to the voting booth. Now, my friends who are disabled don't want to be told they can't get there because they can. And they will maybe it's the person who's working two shifts. All right. Can you vote absentee seems like a lot of people do an increasing number every year. Are there other locations? You can't get to on Tuesdays between six and eight can't get to the grocery store can't get to the gas station where else I I'm just not convinced yet. I think that apathy is the real reason people are not voting. I I don't think it's a lack of access. Generally, speaking, four three six seven nine hundred eight hundred nine to eleven twenty in our little monologue today. We now go to Oklahoma City were they now have a seven sleek streetcars on a four point eight mile loop. They opened them up last month. And this is from the Tuesday Wall Street Journal now they didn't go see we've got our new little street cars to our trolley cars are ours. The old fan old-fashioned vintage ones. They went sleek, very modern. They look like bullet trains, but apparently they're not that fast because Levi pack thirty five who conducts as best as monitoring for an environmental company rode the streetcar three times on a recent day getting to and from the job site and his lunch hour. He wasn't impressed with the pace. He says I'm not sure if I'm a fan yet. Maybe they go a little bit slow. But in the first month people have taken more than one hundred. Thousand rides. Some are using the streetcar to get to mid day meetings or as part of a daily commute. Still others are writing it for the novelty the city will begin to charge a dollar per ride February second Saturday, by the way, they did this without a penny of federal funds. This streetcar in Oakland. How come they did this with federal funds, and we we use federal funds? I dunno since nineteen Ninety-three. The city is invested one point seven billion dollars in so-called metropolitan area projects it kept investing after the nineteen ninety-five. Bombing of the Alfred P Murrah federal building which killed one hundred sixty eight people projects have included a downtown arena convention center, new schools, a library senior wellness centers by trails. A whitewater park canals with river taxis and. This one hundred thirty five million dollar project a streetcar system it was funded from a voter approved temporary increase in the city's sales tax. What else is new? So it one hundred thirty five million dollars. What was our ours was only fifty two million dollars? I believe so they really went hog wild on that one to the phones we go John good morning. You are on camera. Rex. Hi, john. Yeah. They got a I've got a neighbor complained about everything and he ever vote. It's not that he can't he's the boss of the place. Our polling place where we go to vote at a block and a half from his what role that far it's from. It's from his home block and a half from his home. You got any can't find the time to vote on Tuesday. He can't ever find time to vote for anything. No matter what it is always find time to complain about. How the election turns out? Well, there is that let let me let me point out. Okay. This is kind of unusual for people in talk radio to understand. But there are individuals out there who have no idea what's going on aside from their daily lives. I mean, they have great jobs. They make money. I'm not saying they're out. I'm not saying they're on drugs or they're disconnected. They just don't follow current events. You ask them who the governor is the governor could sit next to them. They'd have no idea the mayor as well. They they've they could never identify a state Representative or state Senator or congressperson. It's just not what they do. They don't pick up the paper. And if they do it's for the obituaries of the sports section, and by the way, I'm not criticizing these individuals. They just have other interests they might be into bird watching or exercise or raising kids. They're just not gonna follow the muck in city hall in the state house in Washington DC. And so those people. Choose not to vote which I think is a legitimate option. You all don't have to be following this twenty four seven some people do but other people do not now, let's say someone doesn't follow. Do. We really want them to vote because we say, oh, it's really a good idea to get everybody out there to vote. Well, what if you haven't followed the issue tall? You know, we want you weighing in who's the better candidate for assessor? Well, actually, I don't even know that..
Budweiser maker and Tilray to test pot drinks
"These beverages will not be alcoholic. I think that's important to note may not this point in time. They're just expected to carry out research. They won't take any decisions on actually commercializing any products. And remember Canada doesn't actually legalize edibles or cannabis infused drinks until next year. So that's possibly why they'll just be carrying out the research component of this for now. Both companies have pledged to spend as much as fifty million dollars on this research. This partnership just goes to show how much is really happening in the industry mean AB inbev is the third alcohol companies either partner with a with a Canadian pop producer or invest in an apartment. Producer and we've seen how much the Canadian producers shares have rallied and Abyan bad and Tillery chairs were both up post markets on this news. Let's talk about Facebook. It's been another hot topic today after shares plunged the most since July seems that privacy concerns are weighing heavily yet. Again. That's absolutely, right. You sit up. So there were two key developments for Facebook yesterday that really seemed to have rattled investors and rattled the market. The first was that. There was a report out in the New York Times saying that Facebook actually allowed more than one hundred and fifty companies more access to personal
"ab inbev" Discussed on KMOX News Radio 1120
"It has found credible allegations of sexual abuse involving forty two priests and other ministry leaders dating back to nineteen fifty five the Saint Louis based Jesuits US central and southern province released those names today. Most of the men cited are deceased and others. No longer Jesuits the provinces four still members of the province, but are not active in ministry and live in supervised housing. America's center would get a major renovation and expansion under a Bill moving closer to final passage in the Saint Louis board of alderman sponsoring alderman, Jack coder says it'll help Saint Louis stay up with other cities doing so. House to make about one hundred seventy five million dollars in improvements to the convention center. So we compete with our peer cities like Indianapolis Nashville Louisville Denver who've all made substantial investments in their convention facilities under the deal. The city will continue its existing bond payments of six million a year up to forty years. The money would pay for new loading docks ballrooms and move the kitchens closer to the banquet halls. So the food stays hot cutting Medicaid healthcare costs for the lower income rather than expanding Medicaid coverage was cited as a top priority for a new task force unveiled by the governor today that message of cutting costs rather than expanding those covered by Medicaid was sounded by the states, Medicaid director. Former house speaker Claude Richardson, we are not going to be focused on expanding eligibility within the program. My focus is going to be on making sure that we create the efficiency and the long term financial stability that we need in the program for decades. Missouri governors have sought to slow down. Loss of Medicaid. That's become one of the state's most expensive programs, but so far with little long-term success from the state capital. Phil Brooks, NewsRadio eleven twenty K or Molex less than twenty. That's how many positions and Anheuser Busch spokesperson says have been eliminated in Saint Louis Belgian-based AB inbev with its North American headquarters here in Saint Louis informed team members Thursday, they were losing their jobs. AB spokesman Josh Gould said in an E mail the companies implementing a limited number of targeted changes in the supply organization in North America. AB inbev has several thousand workers at at Saint Louis brewery and add an aluminum plant in Arnold. Well, that didn't last long the Uranus examiner a small rural Missouri newspaper that got lots of attention foreign wide due to its name is folding the paper's editors announced today the end of publication after putting out five additions since it launched in September. In statements posted to Facebook, managing editor. Natalie Sanders and Louis keen, the owner and publisher blamed what they called a judgmental fuddy-duddy squad for the paper's demise. They said many people supported the paper, but banks declined to provide loans and many businesses would not advertise in the paper in part because keen once owned a strip club. Steve Templeton's forecast coming up. Komo news time six thirteen. Do.
"ab inbev" Discussed on Bloomberg Radio New York
"Was AB inbev CEO Carlos Brita, speaking me on the sidelines of the Bloomberg global business forum here in New York this week also had a chance to catch up with Jim Coulter. He of course, is the co CEO and co founder of TV. One of the world's most influential private equity firms asked him about why he was here. And what he was thinking about the state of dealmaking actually listening to a sessions, but more important than trying to capture the mood. I find these conferences are really good ball to establish what common wisdom is and to see what common concerns are. And I'd say this week. Compared to other years. What we're seeing is people looking for exactly what to be worried about. They know they're a little worried, but they're not quite sure exactly what to be worried about. And what are you worried about? I think there's a lot of talk about three teens, and the first t is trade, which is maybe at the bottom of my list. The second is technology while talk about cybersecurity. How technology is affecting the societal flows. But I'd say the one that I'm most worried about is trust we have a ecosystem of business that is set on trust and as political situations. Become more volatile as trade wars here. Is there some crap to the thirteen trust? And how do you invest against that or into that kind of headwind, the generally, my tendency has been alpha beta, what do I mean by that betas you by the market and so. The moment late in the cycle valuation seem aways along it's hard to buy the market. So instead, we're trying to find interesting parts of the economy where what's going on in that particular flow is going to happen. No matter what happens to the economy overall, and and that alpha investing sector investing is what's driving our activity today. Any sectors really jumped to the fore for you. As you look across the opportunity set. There are several I'm one of the areas that were very interested in now is data. Now, we've talked about big data for a while just like we talked about autonomous vehicles, but it's happening today. And so we're interested in is how is data generally going to shape everything we do. And in almost all of our businesses take healthcare, for example. We're seeing the data revolution productized itself into a complete change to the industry dynamic, and there.
"ab inbev" Discussed on WAFS Biz 1190
"Was AB inbev CEO Carlos Brita, speaking me on the sidelines of the Bloomberg global business forum here in New York this week also had a chance to catch up with Jim Coulter. He, of course, is the coast CEO and co founder of T PG, one of the world's most influential private equity firms asked him about why he was here, and what he was thinking about the state of dealmaking actually listening to various sessions, but more important than trying to capture the mood. I find these conferences are really good ball to establish what common wisdom is and to see what common concerns are. And I'd say this week. Compared to other years. What we're seeing is people looking for exactly what to be worried about. They know they're a little worried, but they're not quite sure exactly what to be worried about. And what are you worried about? I think there's a lot of talk about three TS. And the first t is trade, which is maybe at the bottom of my list. The second is technology talk about cybersecurity. How technology is affecting the societal flows. But I'd say the one that I'm most worried about is trust that we have a. Ecosystem of business that is set on trust and as political situations. Become more volatile as trade wars here. Is there some crack to the third key trust? And how do you invest against that or into that kind of headwind, the generally my tendency has been alpha beta, what do I mean by that betas you by the market? And so at the moment late in the cycle valuation seem ways along it's hard to buy the market. So instead, we're trying to find interesting parts of the economy. What's going on in that particular flow is going to happen? No matter what happens to the economy overall, and that alpha investing sector investing is what's driving our activity today any sectors really jumped to the floor for you. As you look across the opportunity set. There are several I'm one of the areas that were very interested in now is data. Now, we've talked about big data for a while. Just like we've? Talked about Thomas vehicles, but it's happening today. And so we're interested in is how is data generally going to shape everything we do. And in almost all of our businesses take healthcare, for example. We're seeing the data revolution product ties itself into a complete change to the industry dynamic, and that.
"ab inbev" Discussed on Bloomberg Radio New York
"Was AB inbev CEO Carlos Brita, speaking me on the sidelines of the Bloomberg global business forum here in New York this week also had a chance to catch up with Jim Coulter. He, of course, is the coast CEO and co founder of TV g one of. The world's most influential private equity firms asked him about why he was here. And what he was thinking about the state of dealmaking actually listening to various sessions, but more important than trying to capture the mood. I find these complexes are really good both to establish what common wisdom is and to see what common concerns are. And I'd say this week. Compared to other years. What we're seeing is people looking for exactly what to be worried about. They know they're a little worried, but they're not quite sure exactly what to be worried about. What are you worried about? I think there's a lot of talk about three TS. And the first t is trade, which is maybe at the bottom of my list. The second key is technology while talk about cybersecurity. How technology is affecting the societal flows. But I'd say the one that I'm most worried about is trust. We have a. Ecosystem of business that is set on trust and as political situations. Become more volatile as trade wars here. Is there some crack to the thirteen trust? And how do you invest against that or into that kind of headwind, the generally my tendency has been alpha beta, what do I mean by that betas you by the market? And so at the moment late in the cycle valuation seem aways along it's hard to buy the market. So instead, we're trying to find interesting parts of the economy where what's going on in that particular flow is going to happen. No matter what happens to the economy overall and alpha investing sector investing is what's driving our activity today. Any sectors really jumped to the fore for you. As you look across the opportunity set. There are several I'm one of the areas that were very interested in now is data. We've talked about big data for just like we've. Talked about autonomous vehicles. But it's happening today. And so we're interested in is how is data generally going to shape everything we do. And in almost all of our businesses take healthcare, for example. We're seeing the data revolution productized itself into a complete change to the industry dynamic, and.
"ab inbev" Discussed on Monocle 24: The Briefing
"I think it's an identity question the numbers on all that this chocolate firm it has turn over about thirty five million euros a year so it's not nothing but we're not talking the huge conglomerate ab inbev for example it's a very different scale but they'll jim is a small country it closely together in close knit communities so this is a known and loved friend and when you were small country in a big turbulent world sometimes foots to have outside as who can just throw money around on that scale as if it's the the tip of the restaurant sometimes it's concerning to realize how small you are in that they economic say i want to bring in you lean here who's with me in studio you'll leeann any reaction your seeing to this is is that a protest in belgium today over this proposed takeover well you know i think is just the belgians are just proud of their guests rental mc tradition he said it's about beer chocolate and fry for very proud of that and i don't think it's as much about foreign vestment but more about we care about the quality of the product than if you say it's belgian chocolate better be the right recipe and he'd better be belgian chocolate wadesbro says it's a very particular process and i think there's been a history of copycats in asia saying selling something as belgian chocolate whereas it's not and we're very protective of that indeed like it's the quality we don't want to ruin the reputation of of belgian chocolate it's it's used as a marketing tool now you can see in packaging here in the uk as well made with belgian chocolate and i think it's more about that like we went to protect its reputation and not to become a generic term as a sort of a little brother little sister complex that belgium has through its big neighbors that perhaps you know want want to get inside and you see you know like me and in canada everyone always comparing us to america and there's always some protection of things like maple syrup we'll say yeah and as well in belgium heseltine eu protection in the past and about these trademark trademark having a geographical indication.
"ab inbev" Discussed on Bloomberg Radio New York
"The iranian nuclear deal the main driver of european markets this morning wti and brent crude futures both higher by almost three percent as iranian supplies expected to fall sharply as the us sanctions biting again the us dollar continuing its much higher the emerging market currencies suffering in particular dollar randy's already higher approximately one spot two percent in early european trading the us tenure yield is back over the three percent mark reminder we have a ten year option from the us later on looking at the european equities the cash markets are ready be flat in early trading the oil and gas stocks supported by the rally in oil prices worth noting that couple of the larger european heavyweights released earnings this morning higher by four and four point four percent in carbon trading after raising their full year earnings per share target ab inbev in the renames higher by three percents as well after the first quarter just ebid was a beat looking ahead focus could be on italy as well as the cheaper who news the italian president expected to announce a candidate for the national unity government pm later on the swedish cpi data us vp is the feds bostick also to to speak does it for me for macro breaking news at school cannot thank you very much senio as he said like breaking news talk school on bloomberg terminal that's a bloomberg business flash now he's sandra kilhof with more and more around the world good morning anna a russian only gone is said to have made a five hundred thousand dollar payment to an entity controlled by president trump's lawyer michael cohen according to the lawyer for stormy daniels the payment was used to pay hush money to the porn actress argentina's also imf for financing that's to help stem a fivemonth thousand peso that's triggered a surge in interest rates and which threatens to derail the nation's economic recovery in a televised address president maria macrae didn't say how much money was being sought but a person with direct knowledge of the talks said officials are seeking a flexible credit line thirty billion dollars and congo's government has declared an ebola outbreak in the country's rule north west where two cases of the deadly virus have been confirmed as experts will head to the region on wednesday to try to stop.
"ab inbev" Discussed on The South Jersey Beer Scene Podcast
"Eighty consumers writer what this america trying to build a business to god check anybody take beer recipes gonna change you know what the argument is like a lease ian sold ab inbev and the left a couple of months later because he didn't like the direction of the company was going fair that's totally fair but the same trick toasted lager for boy today from eight years ago it's the same beer it's the wicked meet the wicked right that but i understand that but i understand these growers these stories have right if somebody came up to stewart said we'll give you two million for your cops taking that cheque absolutely meta chance exactly so but we have such oh about you know you know what what what support you good it's supporting the business is the lifeblood of america whether it's mayor the local convenience store doesn't matter local restaurant doesn't matter that's the life blood of america i get that but some of these guys have attended i want to be able to make enough to onto the next thing that's okay look at it a selling out that the man but no it's not business good business a little bit it was great till toco without here story well.
"ab inbev" Discussed on Bloomberg Radio New York
"Chancellorship forged in crisis is a bloomberg press title published by wiley available wherever books and e books are sold china is home to one of the was largest craft breweries part of the ab inbev set tempt to call a market share in a small but fast growing sector bloomberg's tom mackenzie visited the brewery in the city of one and spoke exclusively to the man driving companies regional push not from a small base so when you talk like in china our total beer market you've says around three hundred and fifty million barrels and craft is just a fraction of that so the beer market in china the last five years i mean quite stagnant like the different no lager beers are taking a lot of space but he's still like we are not even one percent of this market so when you are small bays is very easy to go over one hundred percent do you have a target as to where you want to be in terms of five years down the line ten years down the line in terms of the amount of market share that you have here we created ourselves the challenge or having ten thousand venues in china which is nothing we service like more than two million ten thousand locations in china consistently pouring ten different beers when do you expect to be be turning a decent profit so what i said earlier when you are a small craft brewer price points in china are quite compressed you have great loggers and china that are available for t renminbi's again and when you look at the cost to produce craft brewers especially because you're a parading smaller batches you're using way more hop stays are very expensive component.
"ab inbev" Discussed on WAFS Biz 1190
"It's quite probably the most competitive markets i've ever seen for the mainstream for the loggers so between chingpao snow breweries in gene colesberg a super competitive market but because lager now like it's not growing as he is on the other side when you see growing lauding china are growing so there's so much space what you say to those independent brewers who say that the likes of ab inbev operating in this space they're a threat to cross bear we are not bringing fighting spirit china's no there is much more room for us to work together fostering beer china showing how be a week beer can be then try to think for competing with one another so zone it's like he's not about anyone threatening anyone is much more how can you work together positions designed relieffactor as an essential way to support the body's natural fight against aches and pains it's made from wild caught fish oil and botanical like turmeric and say healthy way to get back into pain free life there's no side effects there's no chemicals there's no preservatives there is nothing addictive and that's why you can be very confident that when you take relief factor you have nothing to lose but your pain and the whole world to gain maybe can't wear your favorite shoes anymore because of pain in your feet relief factor can help with all of that nineteen ninetyfive comes to ninety five cents a day that's less than a cup of coffee a day for pain relief go to relieffactor dot com read all the testimonials find out about it for yourself and order that quickstart just nine hundred ninety five or ninety five cents a day for three weeks or you can call them it's toll free they can answer all your questions one eight hundred five hundred eight three eight four that's toll free one eight hundred five hundred eight three eight four relief factor.
"ab inbev" Discussed on WHO NewsRadio 1040 AM
"Israel's that's more people than gugel facebook aired even television even sanity abreast with that you want us stocking full of bang for your marketing buck go to iheart radio dot com and put am fm radio to work like a t louisville stowaway i'd like this one connect with ninety three percent of americans every week including adults teen said even millennials that's more people than google facebook and even television under as in nicaragua to be new from national geographic books at we've been bear who 26 after here's a beer have a seat for jim bohannon today on the offbeat urb so there's the doctor part and we both love drinking beer brewing beer talking to people about beer writing about beer in the atlas of beer glove totting journey through the world if they're written by nancy host fulham and mark patterson you could call them the beer doctors both have phd than geography so there's the doctor part and we both love drinking beer brewing beer talking to people about beer writing about beer in the atlas a beer you learn that hops cultivation his first documented in eighthcentury bavaria and today three european companies ab inbev heineken and carlsberg controlled nearly half the world's beer market that research involved a lot of travel we honey kiki thousand miles to twenty countries in a ban of thirteen months about required consumption and dr drank about two thousand twenty five hundred beers different types of dirty job somebody's gotta do alot that impromptu we had one place that was highly recommended in every play that we went to after that was based on recommendation the we never actually really knew were going until we ended up optout location seattle soubirou informs us that annual beer consumption is highest in the europe the us australia naturally and southern to central africa who knew of course attitudes about beer very in particular in europe having a beer are lunch or having a beer a dinner is.
"ab inbev" Discussed on WBZ NewsRadio 1030
"Of a percent in october and doesn't sound like a lot but it's a well above expectations of one tenth of a percent so uh if we look at at last year it was up over two point eight percent so getting that's a good sign for growth and it's the highest since two thousand and twelve also the nf ib smallbusiness index rose a little bit uh it was lower than expected he was one of three point eight in october but the expectations were 104 point do so little bit of a miss there uh and needless to say had a lot of news uh yesterday with g trying to figure out where they're going to go and what they're gonna do and unfortunately not a good one because uh the stock dropped to a fiveyear low so a lot to be done there let's talk about stocks in general what what else well we get qualcomm and broad thomas to chip stocks it looks like qualcomm has rejected the deal uh so we'll see if that gets a redone because that could be very big when old from italy also ab inbev were is reshuffling the decks a little bit as they try and end that slump for budweiser beer also are bankers they're a little bit happier this morning as they've got a lot of onerous rules that they're working with and uh looks like now they're going to get a little bit of help from a legislator to try to get a little bit better modelled and what they're working with the fourth tjx they've had pretty good performance over the years but unfortunately this morning knots of their their down four and a half percent a lot of that was maybe the hurricane issues uh even though they said that they're off to a good start and looking into futures right now knocked off too much of a good start either doubt about forty seven to start and look across the board all the major averages for down and uh gold silver and oil also dealt a little bit this morning i did that little lace inside here had we both know going to.
"ab inbev" Discussed on Monocle 24: The Globalist
"More than one hundred doesn't matter because you're quite right if a bit her berries tightly reminder he's making it an enjoyable experience but looking at the wider implications all some stop it's been happening impair recently with huge companies like ibm they have uh buying up smaller breweries around the world is that they are gradually getting more and more control over the bear market not just in terms of what it being made but in terms of particularly in the usa in terms of uh distribution what ab inbev in particular have done is put together a um a collection of breweries said that they can go to pubs supermarkets and say look we've got fifteen different cross friends you go all the different types of their you can get all your best for may which is in a long time for me and i think the important thing here is choice for the consumer i think new longterm not bad for the consumer even that would drive prices down presumably yeah i think he probably would drive prices down and i think in the shortterm that would be the result but if i were able to to establish dominance over the market and a monopoly few like then there's no guaranteed prices but today levin the longtime gm other many is ended a perceived as small cross brands and action the end bike each companies yeah there are more and more i think it started um the the current era of of a big brewing companies taking of a smooth kroft brandstatter in 2011 when abm bev quiet a coup silent in chicago which was a very well respected brewery bass available not just in the states but in the uk and around the world and then they bullets between twelve and fifteen small kroft brews around the world an of others followed suit um like any tass uh very well respected californian breweries not and by heineken for example and very recently carlsberg a quiet london failed in uk say what regulations and exist to protect small companies.