30 Burst results for "Ackman"

"ackman" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

03:57 min | 6 months ago

"ackman" Discussed on Invested: The Rule #1 Podcast

"I'm just free cash flow growth great management and it's not exposed to some extrinsic risk. Okay so that's that's the ideal principles what he's not putting on there which he totally uses. All the time number nine is that the business is on sale and the rice. Yeah the reason i think. Bill doesn't put it up. There is because he's a what's known as an activist investor. He can come in with a great deal of capital. Like i said he has ten billion under management so he can come into a company and by enough of it to force a to force the board to give him a seat or gives proxy a seat on the board and then demand a change of a ceo demand. A change in the business plan demand Use of assets differently and basically changed the nature of the company for the future. So ackman can come in there. Without what i with no margin of safety i could see and i've seen him do this for the last decade. Come in with the power to change a company pay full price for it. Whatever the market price is and then alter the company and suddenly it's worth a lot more money so he his his ability to do that is different than than mine. And i don't think warren buffet does that. He and charlie are pretty passive hands off investments. And they don't try to turn stuff around. I mean the only time they do that famously when they've made a mistake absolutely and they're trying to get their favorite thing to do nope but we do that and we mean you. Danielle me we need to be sure that we have a margin of safety. We are not activist investors. We're not on the board. We are not going to be able to force the singer pushing any direction. Therefore we have to buy with an eye toward our own humble humanity and our own ability to not see something. That's coming to make a mistake. We have to be able to buy like one per says like we're getting a free lottery ticket lot of big upside but we got it so there's no real downside here. Yeah totally agree. I totally agree. I don't i. I'm not sure i'd put that on this list because to me like what i use this foreign. I imagine what he uses it for is to remind myself of what are the intrinsic characteristics of a great business true and then the buying is almost step to once you have these things then what price that my willing to pay hundred percent right so the way we use. This is exactly as you just said we use we use these..

ackman warren buffet Bill charlie Danielle
"ackman" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

05:18 min | 6 months ago

"ackman" Discussed on Invested: The Rule #1 Podcast

"That's it i. it's so short and so fast and he clearly house with them. So dan did you get that way driving in your car exactly wreck exactly so from that. Let's let's unfold this because we do use this every day and it's so funny that say that because we talked about it whenever we did those episodes and i found them so helpful that i wrote them out for myself and i keep them on my bulletin board in front of my desk and just so that i make sure i look at them on the regular. It's they're just they're just good. They're just goes goes to the point that i mean we've done five years of podcast around the basic principles that charlie outlined. Which are you know. Make sure understand the business. It's got a durable competitive advantages got management you trust in you by the margin of safety all right but if you're not careful these things just become words and yeah parise point not really attentive to what it means to be able to understand the business. So what and. I think. That happened to bill honestly. I think it happens to everybody. Well it makes a lot of sense. It's actually human nature because you're right they do turn into just words and then you start thinking about all the details of what goes into those for principals as we've done like crazy so i i really like it that he's he's made it clear what charlie means by being able to understand the business by number one principle that it's simple and predictable. Yeah and that is actually better for us. We we liked that better than are we capable of understanding because hubris can creep right in there man. It's like of course we are. We're smart yeah. Also a great point experienced. I've been doing this for forty years.

dan charlie parise
"ackman" Discussed on Squawk Pod

Squawk Pod

04:34 min | 6 months ago

"ackman" Discussed on Squawk Pod

"Go up a lot faster than people think you know. And i think today's move is bar as much as you can at a long-term fixed rate on the basis of today's rates. But i would say come the turn of the year. I'd be surprised if we're anything close. I think we're gonna meaningfully higher yields as people realize the economy's going to make a very big recovery and that hopefully delta variant way vaccinated if you will expose a lot of people hopefully they survive exposure and we something closer to her immunity and get more people inspired to get a vaccine and You could soon real strong. Twenty twenty two to the to the extent that. There's a pullback today and there has been on. Friday is that mean that you're you're a buyer in this market especially the some of this. I mean you've been making the big play that the world's gonna come back so we're about to spend four billion dollars on universal music group stocks. We're very very excited about that. We're like i'm buyer of the markets in general y- markets in general are. I'm not as good as assessing. I have to look at every company. Wanted to tell you whether it's cheaper expensive but we liked the businesses. we own. we're not. We're we're excited about the companies. We own excited about our our view of where the economy is headed. We try to own businesses. That are very insulated from the economy. But i can tell you is people are gonna be listening to more music from more devices in more places in more countries six months from now our year from now three years from now ten years from now and owning a royalty on people listening to music is really great place to be and having one of the best management teams in the industry. So i'm sad if you will for taunting. They didn't get the chance. I was done a good job. I think telling the story comes gonna come public you know third week..

"ackman" Discussed on Squawk Pod

Squawk Pod

05:18 min | 6 months ago

"ackman" Discussed on Squawk Pod

"A vaccine for everyone. Who's not getting a vaccine. And i think that's what's going to happen right right and it's going to crowd out all the other variants and that's actually a good thing. So if you look at the a ninety nine percent of the infections case it is our delta cases today it's something. I don't know it's fifty five percent. Whatever the numbers. Us the percentage. It's going to go to something approaching one hundred because the delta variant has an are not if you will of Something like eight. It's close to measles it's unbelievably infectious. You walk by someone in a mall and they breathe and you breathe in and you get it. And so the result of that is unfortunately if you're older if you've got diabetes obesity commodities. It's very very threatening thing. And that's why. It's very very dangerous. If i on the positive side as long as you survive the delta variant i think it really increases the chances we get to hurt him unity a lot faster. So i think you're gonna see a very large number of people get infected particularly in places in states with the vaccination rates low and that's going to catch them up in terms of people who who have antibodies and it's going crowd the hospitals although the good news is you've got a very infectious variant. That appears to be not as deadly as some of the others. Like the south african variant. So if this had been a deadly variant a more deadly variant and more infectious one. I would say we'd be in a different place. But i think the is it gets people the antibodies. They didn't get from being vaccinated. And that makes them less exposed to the extent the change change behavior over the next several months and therefore changed the economic outlook to the degree. That that it may or may not. We're looking obviously at airlines Anything related with travel I if you think it's gonna have an impact on the restaurant business. I know you own several of those What's what's your take in terms of of how that directly impacts in the short and longer term. I hope what it does. Is it motivates anyone who doesn't vaccine to get a vaccine. I don't think it's going to change behavior to a great extent. I think people are done. I am with being in a cave right hiding from the rest of the world. They want to go out. They're going to have fun. they're gonna go restaurants. You're gonna see a massive my view economic boom. You know on the margin. There'll be some people were afraid of getting vaccine and they're they're afraid of going out But i don't think. I think we're gonna have extremely strong economy. Come the fall. I think people are gonna return to work in september and i think companies are going to insist on vaccines and i think it's a good thing and you know i i have you know even some people in my own company that i would say we're probably three people who haven't gotten a vaccine and in one case you know sort of a philosophical objection or maybe religious one and my question is you take antibiotics. You take other drugs won't happen you know if you can take an antibiotic for some other kind of infection. Why won't you have a vaccine and would you rather other people are concerned about the risk and the risk is in my view a lot greater that you get co vid then if you look at the side effects..

obesity diabetes Us
"ackman" Discussed on Squawk Pod

Squawk Pod

05:10 min | 6 months ago

"ackman" Discussed on Squawk Pod

"I think everyone can win here. Vivendi i think is quite happy. They actually approach does early on as the complexities and bill. Would you just buy the stock. In pershing square a directly as opposed h. You know i'm a fiduciary for h. We've been working on the deal for and we're excited to deliver it to our shareholders. And i moved to make that happen until literally the government sort to put their foot down and said no at which point we had to go to. I wanted to put taunting back to where it started so there were. We lost a little bit of time unfortunately lost a year but we have plenty of time to do something going forward and we're going to do a very very straightforward merger are going to get the benefit of all the warrants that were issued here which i think is a nice positive for them. We'll get the benefit of the warrants that we paid for and we'll do something interesting and i would say there are a number of companies that we started the dialogue with a year ago. That weren't ready to go public now. It's your later there. There are some family owned businesses. Where you see the family was not ready. You know years a long time and founders We're family owners get older. They make different decisions about estate planning etc. We've got a big capital gains tax. Potential change share some changes in estate. Planning all of these. I would say to the benefit of the largest back in the world. And i think we're gonna find something interesting to do. I can't guarantee that but guarantee we're going to work hard and we're gonna only do something. If it makes lots of sense for our shareholders philosophically. How tough is it to beat the snp at this point does so well and you know in the past you know. We all know general growth. You've had some great trades in history. But then i remember you know penny or or or take your pick if you do fifty one percent and you're right you're like a genius in this business thing but someone brady and it's like what's with..

pershing square Vivendi brady
"ackman" Discussed on Squawk Pod

Squawk Pod

05:41 min | 6 months ago

"ackman" Discussed on Squawk Pod

"Swift and lady gaga in a letter to investors in hispanic ackman said specs board unanimously decided not to move forward this after the sec privately took issue with several elements of the proposed deal that a. could have potentially blocked it including whether it's structure met. Nyse rules now. Akron says he still intends to become a long-term universal shareholder when the company owned by french group. Vivendi goes public in september His back will now look for a new combination target and joining us right now. Exclusively to talk about that and so much more is bill. Ackman ceo of pershing square capital management bill. It's great to see this morning To be able to talk to you on a morning when this headline emerged and this deal has effectively been called off. I do know that your hedge fund will now step into the place effectively of the spec but tell us what happened. Sure so just to rewind. Go back just a few weeks We announced transaction and a couple of weeks later Before we signed the deal the sec came to us and said we have some concern about whether remain co this anti. We're creating was going to become an investment company and order to address the concern. We changed the structure of the deal to provide that. We're going to contribute the stock that we purchased to a trust and we thought that would address the issue and then we signed the deal and then we push forward with the transaction and then actually in the last week last few days the sec raised. I would say deal killer. Which is they. They said that in their view the transaction did not meet. The new york stock exchange roles. And what that meant. I would call that a dagger in the heart of the transaction. Put you know tonton. In a very awkward spot. And we'd love universal. We were excited to bring this deal to Pantene shareholders not being able to do the transaction. We offered to take it off the hands of the public company that was actually built into the transaction. The right to assign to an affiliate and we've also assumed an indemnification some expenses that we put back in the place where it was as if we hadn't done the deal and now we've eighteen months to find another transaction and that one's going to be a merger this one we structure the way we did really to accommodate the ability to acquire universal..

ackman Ackman sec pershing square capital french group Vivendi lady gaga Akron Swift Nyse tonton Pantene new york
"ackman" Discussed on Squawk Pod

Squawk Pod

05:38 min | 6 months ago

"ackman" Discussed on Squawk Pod

"Here we the delta variant and of course we make talk a bit about inflation and how with with the s&p doubled since then but and not to say that it. Didn't you know buying that day. I guess he's a genius. And i didn't say evil genius but he is a genius and he does he does bend. He bends things. You may not break them but he bends them. I mean the classic who would think you could amass a fortune of companies shares. And then go with another company and say you know what we're going to buy you. We're going to execute a merger agreement after you've already built your you remember that and it wasn't illegal remember andrew. What yes now. I know what you're i mean. That's like bending things we're gonna gold joe law that long time ago. Why no but who thinks things like that. Who can think of things like that. And i think i can get away with that by a lot of the build. A huge stake and then go to the other company's to buy by a clever guy. Clever but we will talk to him about that. Opec and its allies agreed to phase out. Production cuts brian. Sullivan joins us now. With this developing story. This is probably a lot less complicated than that. Ackman spackman thing that you just talked about. This is a straight up deal from opec. They kind of called the surprise sunday meeting sunday morning by the way seven. Am everybody out there. In the world of oil is on this webex or zuma whatever it was talking about this deal and they have a deal and the deal for the oil markets is to add four hundred thousand barrels per day from opec and opec plus nations each. Take a share of that game Starting next month this guy's all as they begin to get back to in some point in the end of next year's goal but that's a movable target could be adding nearly five point eight million a day back to the markets because that's what they took off at the height of the cove lockdowns and pandemic scare last year. So all of this and all these now monthly meetings joe have been this effort to kind of just slowly nudge. More oil on the market. That delicate dance where you're able to please the opec at opec plus nations that would like to take advantage of higher prices bring in more revenues but not scare or crash the market. So they have that deal part of that big sticking point. The meeting by by the way began on july first july nineteenth was to allow the united arab emirates to raise their baseline production number. That was a big sticking point. Guys that was sort of the big fight and they agreed to it and they agreed. Okay we're gonna add barrels. Were also going to let the way and four other countries by the way add to their baseline numbers and yesterday on the call. Joe is certainly kind of a love fest you know. These calls are run by dul. Aziz bin salman his role highness of saudi arabia but they also have the representative on the call as well. There was a lot of work committed to opec. we're together. We are strong. So joe..

Opec Ackman spackman joe andrew zuma Sullivan brian united arab emirates Aziz bin salman Joe saudi arabia
"ackman" Discussed on Squawk Pod

Squawk Pod

03:25 min | 6 months ago

"ackman" Discussed on Squawk Pod

"That stake last month. You remember for about four billion dollars but the spec announcing early this morning that the board had unanimously decided not to proceed with the purchase in a letter to shareholders. Bill ackman decision with driven by issues raised by the sec about several elements the proposed transaction in particular whether the structure would have qualified under nyse. Rules ackman said they would now pursue a conventional spec merger. Something else so they're going to now there's going to be a effectively a new deal over the next eighteen months. I've got to go buy something pershing's spac price has fallen eighteen percent since the g. purchase was announced on june fourth akron city underestimated shareholders reaction to the complexity of all of it. Remember that structure that we've talked about. Joe said we all serve struggling to to sort of make sense of how it would all work ackman said that pershing still intends to become a long term shareholder of you. Mg after its public listing in amsterdam in september joe sometimes Complexity can be complex and here. We are thought at the time. And i will tell you that when you were talking about. I started looking into it and then i just decided you know what i'm going to delegate. This andrew's going to was going to be his role in this particular instance. But then you mention that at the time that there were certain things that weren't quite the same as some of the others that would that were qualified for being able to do it and that someone might see that point that out and it would not be. I remember you having remembered three most specs. The way they're structured you buy one other asset. This was not that this was effectively. You were buying stock now if you read the rules. And i'm sure when we talked to bill ackman. He will make the case that what he was doing was within the rules but clearly the was raising questions about this transaction. The timing of the questions and the answers meaning when that this could all get sorted out if it was going to get sorted out appear to have presented a problem insofar as this deal had to close to the contract the agreement with the vendee by september and because so many questions were being asked it was. It's hard to believe or would have been hard to believe. And i believe it's why effectively this decision was made that it would have been able that they would have been able to have those questions answered to the fulfilment or satisfaction..

ackman Bill ackman akron city nyse sec pershing amsterdam Joe joe andrew
Taking the SPAC out of Ackman

Squawk Pod

01:07 min | 6 months ago

Taking the SPAC out of Ackman

"Ackman spec the biggest in history dropping a deal to buy ten percent of a wendy's flagship universal music group pershing square tanti in holdings agreed to buy that stake last month. You remember for about four billion dollars but the spec announcing early this morning that the board had unanimously decided not to proceed with the purchase in a letter to shareholders. Bill ackman decision with driven by issues raised by the sec about several elements the proposed transaction in particular whether the structure would have qualified under nyse. Rules ackman said they would now pursue a conventional spec merger. Something else so they're going to now there's going to be a effectively a new deal over the next eighteen months. I've got to go buy something pershing's spac price has fallen eighteen percent since the g. purchase was announced on june fourth akron city underestimated shareholders reaction to the complexity of all of it. Remember that structure that we've talked about. Joe said we all serve struggling to to sort of make sense of how it would all work ackman said that pershing still intends to become a long term shareholder of you. Mg after its public listing in amsterdam in september

Ackman Pershing Square Tanti Bill Ackman Wendy Akron City SEC Nyse JOE Pershing Amsterdam
"ackman" Discussed on The Social-Engineer Podcast

The Social-Engineer Podcast

05:12 min | 7 months ago

"ackman" Discussed on The Social-Engineer Podcast

"Joy shows up on paper exactly the same way in everybody so it. It's very similar to what you're saying there where it's like there are some things that are just everybody. It's universal. it isn't based on gender race or nationality dr ackman's research into facial expressions gender race religion color. Whatever when you're happy you're face moves in that way when you're sad you're face moves in that way when you're angry you're face moves in that way. You have the same expression now. The reasons we feel those things may be completely different but we express it the same way. I always found that to be like you could back something up by science then for me it. It adds a relevance like what we're talking about here. I'm thinking right away soon as you start talking. I'm thinking wow. I can use this and hiring people you know like if i were to say so right me one paragraph before we interview about your perfect day at work and if i were to be able to look at that and go. Oh man this person's going to be another when they enter my company like just be like. Hey thank you for the interview. We'll let you know if we need if we want to move our away. Yeah and you know. That's i think a really important thing for me If i have this is before and it's actually what led me one of the stories that led me to be opening up handwriting. Pi is if. I'm looking to go to an employment looking at a new boss. I wanna see their handwriting. Because if i see this random capital letter popping up. That's a warning sign for me as an employee working for somebody else. I can't do that because i'm a rule follower and that random capital all over. The place tells me that that person isn't actually hung my on my head a little bit of shame when you said oh wait. That was one of my things. Random capitals everywhere. You did you totally did. And if i was an employee and you were my boss. That's a little bit of a red flag for me. Because i know that as a rule follower it's hard for me to work with wrong. Skip over the next two minutes to worry about. That's fine so but that's the that's the flip side right as as an employee you can use it on your to say. Is this actually going to be the right. Fit for me Conversely if i'm hiring somebody or looking to collaborate with somebody or even in relationships or what i love to see. Is that in my kids because not being a ruler follower has its advantages and it pushes me out of my comfort zone and it does add excitement to my day so in context. That can be really good thing. It's just not for me as a boss if that makes sense so i it's just a great way of being able to say this is important to mir. This isn't an does my personality jive in this context. Think that's a fascinating point because like my. Coo is a rule follower right. He really is a rule follower but one of the things that attracted me to him. When i met him before he worked for me like seven years ago. Eight years ago was that he constantly put himself in situations that made him uncomfortable to expand his horizons. So i said here's a guy who so controlled like in the disk profiling. He's a c. Is a really high see so organized..

dr ackman
"ackman" Discussed on This Week in Startups

This Week in Startups

04:00 min | 8 months ago

"ackman" Discussed on This Week in Startups

"That are doing huge amount of work. But they do it instantly. So that the consumer for for the zuma's like bush upon get a car payments Taking care of the negative is that you lose the context of why something surging and it's hard to explain because you make it so damn simple and soda fast and i think extending the definition of number An and making every single interaction. Whether you're taking the subway or taking the bus or taking a e scooter or you're taking over making it all delightful Is is is really going to be teams going forward taking out the pain travis's rallying cry. Like that's where he wouldn't participate in and i was. I thought tepid forever. And i couldn't even rug idaho. Well i mean. I understand his point which was it just adds another cognitive dissonance moment. You have to. Oh my god. is it included as it. Not and he had the idea of six or like a hidden star. You'd hold down the star and that it would be a six you could give tap is always tipping in cash but tipping tiptop worked out. Pretty well i think yeah. It's it's helped out driver earnings than anything that helps out. Your earnings is a good thing and and you know it creates an incentive for the driver to provide a better service and above and beyond Service to earn that tip And we think any kind of a product that drives kind of Quality it's goofing off final question. You mentioned that the workers in london were going to be more fulltime ish. Or i've got the term you used of art in london or in england their their workers which is essentially i see plus is e plus pension benefits and other benefits as well which is essentially the model that we want to go forward that makes sense so if that is the case. Does that mean you will be able to like say. Hey you have to wear it. Uber logo jacket or shirt. And you you have to. You should only work for us where we need your during these specific times in you dictate a little bit more of what you need as a company as with an independent contractor with may be able to honestly. That's not what we're looking to do. That's not what we're trying to accomplish. It is retained flexibility. Give some benefits. And i think it's a good good way forward ultimately. It's a better way this icy plus. I always felt like it. Be great if you could. I always said the worst case scenarios if we have to go full time with the drivers the benefit the person who wins it just cements uber's victory as the number one player because all the drivers go uber. Because we have the most rides and then you can have. Everybody wear an uber logo and you can put an uber logo on the side of the car. Which right now you can put like a little sticker. Maybe or they can put a sticker but we can put a full. Rubber are listen dr. This has been amazing beckham on the bod. And i'm still a very large shareholder and very delighted to see your incredible focus and your decisiveness on these issues and i hope the markets realized. How brilliantly gotten us to here and give you that ability to to keep investing. I like to see you have that ability to invest. Maybe get some cannabis on the road. Maybe get some drinks going not for the drivers liver and to the customers you know. I'm not saying that people are smoking cannabis a lot. I don't know how frequent it is. But i wouldn't say in california. It's infrequent seems to me. That's really good by jason. I think you have a future if you ever wanted in our team just let us know doing okay with podcast with the pod but this has been great really appreciate the time and continued success getting drivers on the road. If you're a driver this is the time. It's thirty forty bucks an hour. Get that extra cash. Now it's gonna be a yolo summer. It's going to go into the fall. Just grab all that money. Put a down payment on your house or pay down some bills or mortgage. Now is the time to be a driver. Go to uber. Dot com to sign up as a driver has person perfect thanks. We'll see you next time on this means by by..

Uber uber california london england jason six thirty forty bucks an hour uber. single interaction one Dot com beckham travis An
"ackman" Discussed on This Week in Startups

This Week in Startups

06:19 min | 8 months ago

"ackman" Discussed on This Week in Startups

"We want a safe and open system. That's open for anyone who wants to get from point a. to b. and is open for anyone wanting to earn money and were not at the point now in terms of vaccination percentages where you know we would say hey you've got to be vaccinated and which which could exclude a certain percentage of the population but we're definitely thinking about it and it's something that we're going to revisit. I wonder you know you have a driver. Stimulus any giving people are bonuses for coming back on the order doing rides. I wonder if you know you showed up your vaccine card. If you got an extra hundred bucks in your account that when motive folks there yeah right now we're just offering free rise to get vaccinated and and it's especially targeted against the younger crowd of you know you. I don't belong in a row. Jason like they. I don't think he'll particularly vulnerable. And that's a pretty big audience for us so we're working with the white house. Essentially we got. We're taking their data. Who's got vaccine appointments. Ready where he walk in. And essentially you get a free ride to and back you know for two vacination that i think is a pretty cool derive to help An we'll be creative about other solutions as well. Yeah i think there's such an amazing opportunity for you know as it were really contributed with the free rides for vaccines and delivering saving these restaurants and keeping them in the game gave them solvent to have some sort of notation of who's vaccinated in the system. More you know an an opt in system. It doesn't have to be like you can't work for uber or door dash lift if you're not vaccinated but it could be. Hey there's a subtle optum opting in that has some benefits that come with it. Let's talk about profitability There has been this Concept that oh this business can never be profitable. We both know. That's ridiculous because there have been various cities in uber's history that have been wildly profitable. There have been various categories of rides that have been wildly profitable so and even in the money losing days i divided at one point the loss for the quarter with the number of rides and i think it was fifty cents lost if you want across rides and i said to myself if you add if you made every wright fifty cents more you would not lose that many rides. So how are you doing with this sort of path to profitability. I know you put out q four. I think of this year getting towards profitability. How confident are you in. The profitability of the core rideshare. Business obviously eats is going to be a lower margin but it's it seems like it's quite probable that that also will hit profitability. Yeah i'm very confident now. We talked about hitting profitably sometime in the second half of this year. I think people sometimes forget that the mobility business pre covid was profitable and as she have thirty percent ebitda margins And have paid was able to pay for one hundred percent of our corporate overhead And it was really earned vestment in the east business pre covid that was causing the losses right and and like you said there are some people who criticize us for that because we could have been a profitable company had we not invested an eats. Free covid and debate would be gone now fast forward to a year later. Thank god we invest it. Whether we're luckier smarter. Combination of both. Thank god we use eats and lost money on each because now it is a huge part of our business and with our business. The way i look at it is the run quarterly. Losses are about two hundred million as it relates to eat when we burgeon postmates badly about fifty million of synergies and the eats run right now on a quarterly basis as twelve and a half plus billion dollars. One percent of that is hundred Twenty five million dollars so this is were now getting at scale where we absolutely need mobility volume comeback because mobility is the big profit generator for us. And that's why we're leaning into supply to make sure we have enough drivers out there to draw mobility profitability. Assuming we succeed erin. i'd say so far. The signs are good Than we can also move eats on a positive profit path while reinvesting for growth potential there so huge and confidence could come together in the second half. I'm looking forward to getting that debates over with and then and then hopefully the debate will become on how much growth. We have ahead of us. Which i think it'll be good conversation. And you've also simplified. Self-driving that's been spun out vertical-takeoff-landing. That's been spun out. And i think trucking also don't trucking is still a part of the job afraid zuber so that means uber frame must be doing phenomenal. So you can't back those few cards in the deck. So tell us about uber freight and how that's doing is your so running it. Yes leader still running it. so he's an angle former. Google exact is known for being a killer So that's a reason to keep it. But how how's he doing i. It's doing great and that the way. I described uber freighters in the olden days. When you wanted to call for a tax your car he has to take your phone. And you have to call a dispatcher. Or broker right with an called car and take a huge margin and essentially. That's still happening. In the freight business and eighty ninety percent of the freight business people collies brokers and. They're calling their Friends and putting together cetera and taking these giant margins and we are simply a bunch of the original uber engineers who built the original system. We are essentially taking that off long process. We are digitizing yet Now it's a much more complex process right lots lots of bills going back and forth but essentially the the the trucker experience is much much. Better get they get paid faster. They can see all those they can pick and choose. What low they won't take. They can take routes keeping closer to family closer home and for sharper. They just see so much more inventory in terms of The veil ability of truckers etc in ultimately..

Jason fifty cents One percent thirty percent hundred second half twelve and a half plus billion Twenty five million dollars one hundred percent a year later about two hundred million this year each Google both one point about fifty million two vacination eighty ninety percent zuber
"ackman" Discussed on This Week in Startups

This Week in Startups

05:57 min | 8 months ago

"ackman" Discussed on This Week in Startups

"They put into the system and rate drivers in great careers and there are some not so great drivers and not so great careers who then designed to self select to do something else. So that's one of the cool things about an open system use sensually earn relative to your productivity as well but the flexibility is by far the most important factor. Yeah and it now if you look at it there was this whole concept that if uber drivers are lift driver's door drivers or any ridesharing drivers were going to be classified as employees. Well what about hairdressers and real estate brokers and freelance writers. I'm in the media business. A lot of The same publications that were giving ride sharing companies hard time. My friendship bank off runs. Vox had to cancel because had some of those rights had to cancel every freelancer in california. Because if the freelancer worked over x. Number of hours now triggered full-time and it cost chaos. So they just opted out of that market so where is the united states as a country and obviously uber endured ash. I think are kind of having to navigate this most of all. Where are we with this archaic system where either full time or you're a freelancer. But with this caveat. If you're a freelancer and unless you're you know got a really great lobby or you're an elite freelance like a real estate person. You're you can have freedom but the people may be who are. Starting their chris can have freedom. It seems incredibly un-american to me that people can make their choice but putting that aside is there a third way. That's better that's what we always talked about in the early days of uber was there has to be a third way here because you know that would seem more equitable. Maybe if somebody works over twenty or thirty hours. I know you've been reading on this pretty hard. And that's that's actually that's third way is what we're trying to shake now and to a large extent. That was what prop twenty two in california was all about. Which is how do you retain the best of both worlds right the the really cool thing about being your own boss. You're the ceo of yourself and you get to be totally flexible based on when where how you were based on productivity. They're good times to work right there. Good ways to work as well. But how do you combine that with some of the important elements of kuala traditional work which is a safety net protection healthcare coverage etc and. That's what we call an icy plus ashes the uk. There's a third designation. There's there's worker designation. And then there's fulltime employee and worker is is essentially an icy plus pension benefits some vacation benefits etc and in the uk we have designated drivers essentially workers. And now we are in the process of having discussions really on a state by state level is a needs. Every states needs are different. These are workers in the states to hopefully come up with us. Third model flexibility of an i see the freedom of an i see with protections whether it's minimum wage or a fun for healthcare or other benefits as well and i think it is the better way forward it takes time you know Government sometimes move slowly but by design. But i do think this is a better way forward and pretty optimistic independent contractor status with me if i hit a certain benchmark is there a certain benchmark. You're thinking because i think the average number of hours for full time employment is two thousand pretty easy if you wanna do this at home. Fifty two hours a week. Forty hours twenty eight years the number of hours per year. So if somebody did one thousand forty hours that would be halftime. Therefore they could get half the benefits as a full-time person doesn't seem so difficult for us to comprehend. We're actually not looking at it benchmark because to some extent but he picked twenty hours thirty hours forty hours. I think those are the kind of picking it out of your at indexing right. Which is if you work funny hours. And ninety percent of drivers for example work less than forty hours right like the vast majority of drivers the vast majority of couriers were far less than forty hours but basically index the benefits based on. How long you and the other. I think cool idea. Is you pull together the hours that you put into all the platforms. Hopefully it's an ideology benefits. Which i think is really cool right. Which is hey if you if it's just based on how long you worked for one company And how many hours you uber or door should cetera. That's one solution. It's and it's not a bad solution. I think that's some are gonna go in that direction. There's another concept which is portable benefits. That if you work hours over. Let's say ten hours on lift. You actually get benefits worth of twenty hours so that freedom to to work with multiple platforms. I think both ideas are good ideas. And hopefully you know depending on a state by state level which is the right idea. We'll go forward that way. Yeah and i think people are forgetting that you are one hundred percent dependent on drivers. There is no business without drivers. It's in your best interest. In fact i would think it's your obsession to make this a better to for them than other opportunities they might be presented is am i correct in thinking that your competition is people working at a starbucks or a target or walmart versus deciding to be an icy or an icy plus code totally and and drivers are our customers right. We have a driver app. We we run that app just like we run our rider app and it's in our interest to track the customer to give them a great experience for their earnings.

ninety percent Forty hours california walmart twenty hours starbucks two thousand ten hours one thousand forty hours less than forty hours both ideas target uk both worlds uber one hundred percent one solution Fifty two hours a week over twenty third way
"ackman" Discussed on This Week in Startups

This Week in Startups

01:46 min | 8 months ago

"ackman" Discussed on This Week in Startups

"Have powerful e commerce functionality and everything is optimized for mobile right out of the box so no matter what you're using and i've had a surface iphone and android phone. And does it matter all these beautiful templates just work and of course it's got dalton. Seal free insecure hosting and twenty four seven award winning customer support. We did remote demo day in two thousand twenty. We were suffering through the pandemic. we were confused. How are these startups going to get funded. I said you know what throw worse base site. It's a project. Maybe it turns into a business and boy did it. Ever we have now funded over a dozen companies over fourteen million dollars in funding and this all from setting up the symbol squarespace website tweeting to go to squarespace dot com slash twist for a free trial squarespace dot com slash twist for free trial. When you're ready to launch us the offer code twist and save ten percent off your first purchase of a website or domain and congratulations for the team going public by direct listing on eighteenth. What an amazing journey. It's been just super congratulations. I know you're all worked really hard over there to get the product to scale and to customers and it's just delightful for us and we look forward to having you on the pod. Anthony take a little victory lap. Okay let's get back to this amazing episode now. I don't speak for lockable. But i am an investor and on the board of that company and they were constantly being told and the market was constantly saying can't be qatar. They're over they have so much funding Why are we not raising all this money. Like tara and i think if you're in a slow moving industry like contraction -cation healthcare. No amount of fuel is going to allow you to drive that train faster. In other words the rails of the railway system are capable of a certain speed. You can put a high speed.

"ackman" Discussed on This Week in Startups

This Week in Startups

08:21 min | 8 months ago

"ackman" Discussed on This Week in Startups

"Insights. Try user testing free today at user testing dot com slash twist. Okay but i the news. Softbank bats qattara shutting down And i think this is an important topic for two reasons one. I wanna talk to you about over funding of startups and the problems. That can cause. And then i wanna talk to you about a new concept i have been discussing internally something i call slingshot startups and these are startups. That got set back during the pandemic but like a slingshot they got pulled back and all that energy built up. Now that the reopening is happening they are moving again but with more velocity. Sometimes you have to step back to go forward. Let's start with qatar. If you don't know this is a vertically integrated construction starting. What does that mean it means. They tried to make construction work better faster and taller etc so the company was founded in two thousand fifteen. The ceo is michael marks. Iran flex electronics from ninety. Two to two thousand five before working in private equity and the concept was pretty basic offsite manufacturing with onsite assembly. So you make a bunch of parts and then you put the home together almost like a kit car if you think about it and maybe over time using software and accurate planning design the could reduce time and build cost and they focused on large scale buildings apartments commercial offices etc. They race two billion dollars. And if this all sounds familiar and it sounds like. Wasn't this the same problems we were at well. The largest investor was softbank vision fund. If you have a vision and you wanna go. Big masayoshi son has been doing. You have the risk of putting so much energy capital and jet fuel behind the rocket at the rocket blows up on the landing pad or just goes off in a crazy direction like we saw with we work and like we see now with qatari ca terrorists totally blown up. We work seems to gone off target But maybe they can course correct if they make it to escape velocity so the information did a great story and just outlined exactly how apparently the firm was. that's capterra. we're talking about here. Obviously we were also mismanaged going to get into why that happens after cova hit was hemorrhaging money. According to sources and This was because of delays increased material costs etc and to artificially boost revenue according to the story tara exaggerated updates on certain apartment renovation. Projects now exaggerated updates. This could be one of these. How you frame something so to speak and it might not be outright lying but exaggeration can be framed as ally. This is very important for founders. Were listening especially when you're selling securities you want to be as honest upfront. Give as much data as possible to investors employees shareholders and the broader stakeholders in a company. You never want to exaggerate or polish or massage the truth because massaging the truth for one person might be fraud or allies to an organization like the sec or investors right so And typically the outcome will determine that if you massage the truth and you have a big win. You're a hero. Nobody's doing you if you massage the truth and you lose your investors money. Now you're in court now. The sec gets a tip from one of your previous investors. Who feels bad. That you exaggerated Or some people might call it. Faking it till you make it and they. They claim employees. Use the fake updates to frontload revenue by millions of dollars in financial reports given to investors. So when i see this might take on this. As the information got this from investors who were very upset by what qatar was doing and they took the most negative lease charitable position on qatar behavior. That's what i'm reading into this. Because how else would the information get this when something blows up and you've got hundreds of people in the capital. It only takes one person to say you know what i feel wronged. I'm going to give this information to a journalist and that's How these things go down. Typically capterra firm to investigate this internally according to the story and the ceo and co founder. Michael marks down in may of twenty two. It's likely the board fired marks who knows No indication here that mark knew of the misleading financial reports. Most people would say you're supposed to know about that But you know. I can tell you. In a company with thousands of employees with hundreds of millions of dollars in investment or billions of dollars in this case a lot of times. The ceo gets abstracted from a reality. And you have people feeding you information and sometimes you get disconnected from the ground truth in your business. This is why. I always look at bank statements or ask people to tell me how much cash is in the bank account a look at the bank statements or credit card charges as they happen. Why wouldn't you do that right sometimes. You got get into the weeds as a founder and other times you have to delegate a little bit of both trust but verify is always in order so in december of two thousand twenty territory investors. It was running out of money. Softbank injected two hundred million in. What's called rescue financing This wiped out The stakes of other investors in other words it was a crackdown. Probably pay to play. Yeah i think that's the term. A lot of people will use. Which is we're going to make all the equity in the company worthless but you can buy new equity at this incredible price so you pay to play. If you don't pay your wiped out but everybody had the opportunity to put more money in so this is where you could have had a fracturing of the loyalty within the company the existing investors feel wronged. They feel like they were lied to. They put a bunch of money and now they're being told their equity is wiped out and the only way for them to get new equities to put money into a company. They feel has not been honest with them. Can you see how this is a bit of a prisoner's dilemma. They're gonna wipe out your equity as an investor in. Can you understand how this would make bad feelings inside baseball. But this is what really happens So you get all these bad feelings. The company goes from a four billion dollar valuation to than four hundred million according to a letter sent to qatar shareholders and in the information story certainly a lot of her feelings with other investors. So i'm guessing they leaked all this information and according to an anonymous source be careful with these obviously because anonymous sources are relied on far too much for stories by journalists and frequently. They're wrong or they have massive agendas but they say the. Sec is also investigating qataris. Fos front loading claims. Who knows if that's an active investigation. Where if they confirm they received information. I i think the sec doesn't actually tell you based on my experience they don't actually tell you what's going on. They'll do a document. Request is my understanding from attorneys. I know who work in the space. They'll just give me all the information that doesn't mean there's investigation it means. They want information because they just want to check things out. The shutdown announcement comes in qatar which had eighty five hundred employees before cutting it down to twenty four hundred after numerous rounds of layoffs sent an email to the remaining employees on june first tuesday following a thorough review. I'm quoting year of strategic business alternatives. Qatar has determined that it must wind down the majority of its. Us business operations effective immediately. Unfortunately most of our us employees would no longer be working for the new in the near future. That means you're fired by the way. Just say you're fired. An executive told employees video call. They didn't have money to pay severance or unused. Pto a person who attended the meeting again unnamed source. Who knows if that's true. Who knows if that's speculation. If they don't pay those things then. I believe the board members and the ceo and Folks like that could be on the hook. So there are specific laws in specific regions about factory shutdowns and the notice. You have to give employees and this is called the warren act of you a. r. and i believe and this requires employers to provide employees with at least sixty days written notice of plant closings and mass layoffs. The purpose of the events notice is to provide the employee swift transition time enabled find alternative employment or to enter a skills training program. Warren act mass layoff is a reduction of force within a single site of that resulted.

Michael two hundred million two billion dollars Softbank june first tuesday december today twenty four hundred four hundred million Two millions of dollars two reasons Warren act billions of dollars two thousand ninety four billion dollar eighty five hundred employees Qatar Iran flex
What Are SPACs and Should You Invest in Them?

Money For the Rest of Us

05:41 min | 1 year ago

What Are SPACs and Should You Invest in Them?

"Now, why do spags exist? A primary reason is the reverse mergers that occur was back with a publicly traded company purchasing a private company is in some ways simpler and easier way for private companies to become publicly traded compared with doing their own initial public offering. One Reason, the appetite for IPO's varies. There are some times where markets are more receptive to IPO's, and that's when a lot of private companies startup companies want to go public. Other Times not so much with a back. It's already public. and. So it's a way for a private company to become public without having to go through the road shows and much of the paperwork and legal hassle of going public. Another reason is often when a startup goes public doesn't initial public offering they lock up period for existing shareholders. It's not necessarily great press for a newly public company to have its founders selling a lot of their shares. With us back, they have the cash already raised and it's easier for founders and other principles of the private company to be able to liquidate more of their shares in the company. The other thing with initial public offering is often times money is left on the table. The underwriters try to price the initial public offering at ten to fifteen percent discount to the fair value of the company. But what that price is very difficult to determine and oftentimes after the initial public offering in the first few hours the IPO jump significantly in price, which means the private company didn't get that money that was money that was trading in the secondary market. It wasn't money that flowed to that private company is part of that public offering. With specs, there's a negotiated price. So the private company knows what they're getting. They know what the valuation is and so they potentially can get more money. How then do specs work? Well specs also need to raise capital so they do an initial public offering. It's usually combined with one common share plus a warrant or a fraction of a warrant, and what a warrant is gives the holder the right to buy more stock at a fixed price at a later date. It's an incentive for SPAC holders to potentially get more shares of the company wants that target is identified. The initial public offering is help for the back and at least eighty, five percent of the proceeds needs to go into an escrow account for future acquisitions. In practice, it's closer to ninety seven percent of the proceeds with three percent held in reserve for underwriting fees for the initial public offering operating expenses for this back to cover due diligence cost legal accounting et CETERA. Most of the money goes into this escrow account, which is then invested in government bonds. So before the acquisition, it's fairly risk free investment. Most of the time, the specs are issued at A. Price of ten dollars per share. In theory, it should stay about ten dollars per share because it's just an escrow account invested in government bonds and shareholders of this they don't know what the potential acquisition target will be. In practice, we're seeing specs sell for more than the IPO price because holders believe the management team of back is going to identify a very attractive company that will be profitable to the SPAC shareholders. So sometimes, they can bid up the price of this back. For example, that back that pershing square bill ackman's company came out with July is trading about twenty percent above its IPO price. The specs sponsors have a specified period to identify a potential target. Typically it's about two years and if they're not able to identify an acquisition and close an acquisition, then the trust is liquidated and the money in escrow account is return his shareholders. If the back sponsors do identify potential target firm, then they make an announcement, it's called the announcement date. Then the back shareholders are notified that there is a potential acquisition target. At that point that's back sponsors perform additional due diligence negotiate a structure of the acquisition. The SEC has to review the terms of the acquisition because the private company will be made public. And then there's a proxy vote for the shareholders of this back and they are deciding to issues. Whether they approve the acquisition or disprove, they don't want to Spec to go forward with it. The. Second thing that they are voting on whether they wanted to liquidate their shares in this back they have an opportunity to get out at the net asset value of the trust, which is the value held in the escrow account divided by the number of shares. Outstanding. If more than fifty percent of the shareholders approved the acquisition and less than twenty percent of the shareholders vote for liquidation. Then the transaction is approved and the target firm is listed on Stock Exchange. If more than fifty percent, approve it but more than twenty percent want their money back. Then this back is also liquidated.

A. Price Spac Bill Ackman Pershing Square SEC
"ackman" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:24 min | 1 year ago

"ackman" Discussed on Bloomberg Radio New York

"Now a global news update. President Trump says the Atlantic story claiming he made disparaging remarks about dead American soldiers is a hoax. Trump says he has 11 witnesses in the White House that say the reporters falls and that it's just another attempt to hurt him. Before the election. The story said Trump canceled a trip to a French World War cemetery because he didn't want to get his hair wet. Trump said he wanted to go, but I had to cancel the trip because of the weather. Former Labor Secretary Robert Rice is jobs aren't coming back very slowly. Now. Normally when you have a recession, when things begin to turn around, you will see in the second or third month an acceleration of job growth. We're not seeing that we're seeing just the opposite, Rice told MSNBC. John Growth is slow, even though people are no longer receiving added unemployment, which could slow down economic recovery. Even Mohr That's because they don't have the edit income to spend, he added. It gets harder and harder to find work. The longer people are unemployed. I'm John Jeffries. This is Bloomberg. Best I'm dizzy. Spell a gritty alright Investors are keeping a close eye on things After that, you know, sudden movement in financial markets. We saw this past week and we had a chance to ask Billionaire investor Bill Ackman about it Act meant, of course, is Chairman and CEO of Pershing Square Capital Management and other investment companies as well and put Briggs funny, Quinn Ackman, Whether it's downhill for stocks from here. Yes, this was the beginning of the end, But I would say we're coming upon one of the more uncertain period American history, right? We have a very divisive presidential election. Coupled with, you know virus that's had a huge impact on the economy and the markets have been remarkably strong since really the And third weekend in March. And so it's not surprising evaluations, particularly, you know, sort of technology landscape got into some pretty extraordinary levels. So it's not a surprise that I think is any indication of beginning to the end. I do think markets don't like uncertainty, and we have an election where it's to toss up Who is going to be the next president? And and what? The policies of the next president, whether it's from second term or the Bidens first term what that means for the country what it means for corporate America. The taxation of these air, uncertain issues and uncertainty. As I say it's the enemy markets. You had said that it wouldn't change your investment position, no matter which Person was to be president for the next administration. Are you changing your assault on that now? Do you think there would be widely different policies were there to be abiding administration, for example, rather than a second trump term. I don't know that's completely no. I think Biden and his choice of a vice president suggests amore kind of moderate a supposed to more progressive. Democratic administration. To the extent that brightness is sort of the winner. What do you think they're going to have different policies in different approaches toward you know, taxation business, etcetera, Although I do think Biden Kamala Harris is in the more moderate camp, then a Biden you know, Warren Administration, for example, and in some ways, though, is more uncertain Now. Even then, there was in March from me. We knew less about how much there was to be uncertain about just based case wise Corona virus wise. What you looking at? Bill and do anticipate yourself going going back into the office or any of your staff going back into the office anytime soon. Look, we'd love to get back to the office. You know, humans, humor doesn't work very well zoomed part of part of a culture of an organization's how people relate to one another and the team. We have regular, you know, zoom meetings, but it doesn't compare to the camaraderie that you can develop. You know, in an office environments we'd love to get back at the same time. You know, we've worked very effectively. Working from home way Don't wantto create risk for our employees and the nature of business is one that we don't need to be in the office, at least in the short term in order to be effective. We haven't picked a date yet. We're kind of taking it day by day, but way have no current plans to come back to the office. I would say this winter and, you know, hopefully we get we get back there as soon as possible. I do miss the office to miss physical interaction. You know, I do want to mention that one analysts in the UK label your February trades literally and I'm quoting arguably the greatest trade witness by the UK coast and industry. Obviously, you know, we witnessed this here. Are you trading this market? Yes. No, We're not treating it all. I mean, we're not doing anything we own. You know, 9 10 cos we, like the businesses were comfortable with their valuations. And we have pretty full positions in each of them. And so it's like the company's only think he'll do very well on we don't put them in the overvalue camp. I guess none of them Now, even fairly valued yet, and that's let me remind people with a 46 plus percent year today gain form and you know they've already been in your portfolio on a 58 59% gain last year. So let's get to the slack will you know it's only been six weeks. So you have a couple of years? Really, But we know that they're definitely been conversations due diligence being done on DH. We report that Airbnb was said to have rebuffed and approach from you explain what that all means. How how it all went down. I'm sure I wouldn't use the word rebuffed and you know we had a We had a very nice dialogue with your being B. We gots no management team or a number of the senior members of team. It's a business that we've admired over time. They've been on a path to go public. We talked with them about our structure. And I think they have not as your guest your order reporting now they haven't started against Going this back route. But at this point I think their first choice is to do an I P o ur putting aside Airbnb just speaking. Generally, you know what we offer to a company is the ability to inject, you know, $5 billion of cash. Take them public. If we started today, If we opened a due diligence, got access to the data room on a company and had opportunity to spend time with management by zoom in when I would say in 3 to 4 weeks, depending on the nature of business. You could get a sufficient understanding of the business to be comfortable and we could also negotiate a deal and we could give them certainty on raising capital on they could become a public company. You know 45.

President Trump Biden Kamala Harris president Bill Ackman Robert Rice Airbnb Chairman and CEO UK John Jeffries Bloomberg Democratic administration Secretary Pershing Square Capital Manage French World War cemetery MSNBC John Growth White House vice president
Roundabout Roundup: Project Runway, Comments by Celebs, and Tomato Timer

Parenting Roundabout

05:12 min | 1 year ago

Roundabout Roundup: Project Runway, Comments by Celebs, and Tomato Timer

"That. We think you'll find is useful or enjoyable as we do. We call this our roundabout roundup and I will go first. My daughter and I have been watching project runway The most recent season that finished up. I believe sometime in March This is season eighteen. And it's on its back on Bravo so it wasn't bravo than it moved to lifetime now came back to Bravo and it has carly kloss in the Heidi Klum role and Christian Syria. No past winner in the Tim. Gunn role and people were concerned about this to use the word that Tim. Gunn like to use a lot But I'm here to tell you that Christian is great. He is fun and funny and he just he just goes around and says and he can convey quite a lot with his little man but he has really good feedback and advice and he yeah. He's good he's gone so yes she soon. I feel like maybe watching project runway so we just started and It's been something fun doing together. Nice so and it's the season's over so you can you know you can start from the beginning and get all the way through it without having to wait for anything so astle we are doing Nicole. What is on the instagram minute? It you actually gone this one for me Catherine type in quite enjoying of late. So thank you very much for doing the research for me this past week. But I'm going to shout out an instagram account called comments by celebs and it's basically screen shots of instagram posts on which a celebrity has commented and You often see Chrissy Teigen but Lots of good ones. That give you make you chuckle. A lot of them are like former CO stars or You know where they're commenting on one another's page or There is even you know sister. You know siblings and It's cool it's it's very random and in it's kind of fun to see that they're just like us in the same vein of A. Didn't we WANNA talk here about rob blow on Instagram? And how his son has his sons roast him on instagram. All the time and this is sort of similar yet in spirit like there's one here just looking at its huge ackman's a instagram account. Any posted a picture of him and his wife and he was commemorating the twenty four. The last twenty four years so is there. Twenty four th wedding anniversary. So is that a picture of him and his lovely wife twenty four years ago and so he's saying you know I love you devs with every fiber my soul happy anniversary Yada Yada Yada and then Ryan Reynolds comments hanging there. Deb So it was just destroyed. You need at this time. That's right exactly. It's a lips. Have a Lotta time on their hands right now. So probably will be comedy have to do that. So what do you have Terry this week? Well for those of us who are still actually working. I have a recommendation of a very simple APP. That was very helpful for me. This past week is were recording. I think I've talked about before about the pomodoro technique by which you work for twenty five minutes get five minutes off work for twenty five minutes five minutes off. I think I've probably suggested other tools for doing this that I have used for awhile and then discarded as is my way but The one that I am using just at the moment that was very helpful. Got Me through a really intense four days worth of work. is just called tomato timer. And it's on the APP store for iphone. At least I don't know about android but it's just it has a little circle and you poke the circle and it starts counting down to zero and then it puts another circle for your five minutes and it's just that visual as the time goes the filling on the inside of the circle goes down so you kind of have a visual reminder. Also casts shows the time as it takes down Not a lot of bells and whistles not a lot of stuff to type in and fill in and follow up and report and all that just counts down for you in a visual manner. You can have it on your iphone next to your computer as you're working on it will keep you focused. Theoretically it did it worked very well for me for that space of time. So

Instagram Gunn Terry Bravo TIM Christian Syria Chrissy Teigen Carly Kloss Heidi Klum Nicole Ryan Reynolds Catherine DEB
Spotify gets a podcast redesign - and lets advertisers target listeners

podnews

03:18 min | 2 years ago

Spotify gets a podcast redesign - and lets advertisers target listeners

"Spotify's redesign, which gives music and podcasts. Equal parity in the your library feature is now being promoted on YouTube. We're not saying the new feature though yet they also added rob Riggle and Sarah Tana who are US comedians to their roster. The drum notes that Spotify now let's advertisers target podcast listeners based on the genera of podcasting. They listened to advertising is only serve to Spotify free listeners, and there's no revenue share with podcasters. The Brexit cast podcast will be add on UK television after the popular question time, programme it was announced at podcast, day, the show will be relatively unchanged being visualized by automated cameras in the radio studio, where they recalled the show enterprise podcast. Host art nineteen has made a number of updates to their service, including a setting that allows publishers to block. Their podcast from appearing in Google podcasts. We spoke with a few publishers at podcast day. And it sounds like some want to remove podcast play Patten's from appearing within Google search, while still allowing the podcasts in Google podcast itself, that this option, however would entirely remove podcast from all Google products. Gary, Leland a member of the podcast is hall of fame and co founder of podcast movement is rapidly increasing his crypto currency podcast footprint. He now has a network of five podcasts and mortar com. He tells us we linked to our theory and bitcoin one, it's details in our about page on our website flick is a group chat platform exclusively for podcasters enables you to create a community around your podcast with grateful for flicks support today hub hopper is a podcast platform in New Delhi in India. Launched in twenty. Fifteen and hoping to attract five thousand new podcasters it recently launched hub, hopper studio service to make it easier to host and monetize podcasts. It has content across twelve Indian languages and Stephen Colbert has an exclusive preview of the Barrack Obama podcast on Spotify. It's very good. And in podcasts, the media podcast has in the latest episode Stephen ackman from production, company something else, and editor talking about the UK's media laws fast lane podcast university has an excellently produced interview in their latest episode with our editor me discussing the changes that Google have made recently. And in Melbourne in Australia. People building businesses has launched the press release describes it has a jewel platform podcast focusing on how companies grow. It's also released in video form on YouTube. It's from y b f ventures tech and innovation startup hob. And if you'll running dark mode on your MAC, or your iphone pod news is web pages now style themselves to match if you're using safari fire FOX or chrome beater. And if you don't get a cash page

Google Spotify Youtube UK Rob Riggle Stephen Ackman Stephen Colbert United States Barrack Obama New Delhi Sarah Tana Gary Editor Patten Melbourne India Australia Co Founder
"ackman" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 2 years ago

"ackman" Discussed on Bloomberg Radio New York

"Bill ackman is urging United Technologies to call off its proposed takeover of Raytheon here with the story. Bloomberg's Charlie Pellett. Ackman is vowing to oppose a deal. He assailed as lacking, strategic sense, Pershing square's ackman says the trends. Action will crimp United Technologies aerospace business. I'm befuddled by a quote, highly dilutive share issuance at a time when the stock is already trading at a discount in an Email to United Technologies. CEO Greg Hayes, which was reviewed by Bloomberg ackman said, quote, if the company intends to go forward with such a transaction as we expect will the substantial majority of the companies shareholders, Charlie Pellett, Bloomberg daybreak. Currently, thank you. Shares of tesla up more than two percent in early trading after CEO Elon Musk dismissed concerns about demand for the company's cars. Dana hall has more from our Bloomberg nine sixty newsroom in San Francisco. Illinois address the issue of demand head on assuring shareholders that there was no demand problem that Tesla's selling every car that they can make this whole idea that demand has slowed or soften is not true. He's on a very optimistic about progress on the China gigafactory as well must tell shareholders at Tesla's annual meeting that sales this quarter could hit record levels with deliveries. Hi as one hundred thousand vehicles. In Germany shares of Axel Springer are up twelve percent KKR's seeking to buy out the company's minority shareholders in a deal that would value the publisher at about seven point seven billion dollars, straight ahead, the latest world and national news. This is Bloomberg. And it's six oh, seven on Wall Street. John Tucker has more on what's going on around the world? Good morning, John. Good morning..

Bloomberg ackman Bloomberg United Technologies tesla Charlie Pellett CEO Elon Musk CEO Greg Hayes Dana hall John Tucker Raytheon Pershing square Axel Springer Illinois KKR San Francisco publisher Germany China seven billion dollars twelve percent
"ackman" Discussed on Mixergy

Mixergy

03:35 min | 3 years ago

"ackman" Discussed on Mixergy

"I mean, you earlier about the guy that was you know, buying on companies. The. The people on short tank ten. Yeah. Now, they had the business ackman to know very very quickly companies are probably suss for not they had the money to put it to use in those businesses in create more jobs. I I love that. I create jobs at this business. You be twenty two team members here now when you're looking to grow lot more. So I think that'd be very interesting be able to be shark. The, you know, put my business business had on every day in, you know, invest in some of these startups in get more jobs in the country in help out these young for nurse. He has interesting that you actually need jobs in the US. You can't outsource overseas. Local people could do over seas. I'm sure it's trading companies overseas, but definitely focus people at our warehouse in Cincinnati. Why do you wanna have your people internally look at the phones in evaluate them? And are people do SEO for so long in you guys do everything why don't you say, we're going to be the SEO company will just have a beautiful looking website in a bunch of content and the rest we're gonna send to someone else. Let them deal with it or let other people give phones and we're going to be the one company that could evaluate and whatever what's your plan? Why why do that I want over the best service for the customer? And I think that soon as you break the supply chain by having this stuff out of house, you came in see the product, you know, how how do I know if I'm selling night on how big debt really is less. I have have in front of me. I mean, a photo vocal is actually worse. My opinion, we host the money, for instance, of how these things look and having the customer touch point there's ever nisham. I wanna be sure that we can reach the customer right away. There is no miss occasion. That's really big. I only do because everyone says they do good customer service. It wasn't until Tony shea said. Hey, Andrew challenge me call my or he didn't say town. We said if you call customer service, and they don't have the shoe that we that you want they'll go Google it. And they'll tell you where you can buy it online. And then I challenged him. And I recorded it and showed it wasn't until then that I realized he'd means what he says when you say, we do better customer service. Give me an example, something like that, it's verifiable. But also, shockingly good. So if you said, I wanna have my hard drive pulled out on my computer haven't backed up setback me. We would do that for you. And really we really go out of our way if the customer asks for Joe supremist, any requests that they're gonna they're gonna throw away we're gonna make it happen. And if it wasn't that our office, it'd be really hard facilitates requests. Got it right in value. If you're shipping it somewhere else, especially overseas. You can't get me my stuff back with Frasier requested somebody sent and you guys complied with. Good question. I only know really taught my head those those requests come to me anymore. People send a lot of crazy stuff. I'll tell you that that the packaging might be the the when they send you know. We seem diapers diaper boxes that they put it in a wrapped in diapers. Oh, wrapped in. I get it. You know, what for cushioning? That's crazy. But okay. You know, something like that. We've had bugs arrived before you know, there's been living living cockroaches. You know, coming inside of the max there's been paraphernalia and things we can talk about in the show. You can talk about it. I mean, there's been just like drugs in computers. It's not okay. No what a magic. If you guys aren't huge on Instagram..

Andrew Tony shea Joe supremist US Cincinnati Google Frasier
Is the new MacBook Air really worth it? (The 3:59, Ep. 486)

The 3:59

05:50 min | 3 years ago

Is the new MacBook Air really worth it? (The 3:59, Ep. 486)

"Chang amount for dang Jan Ackerman. At Apple's MAC book air is going on sale today. And we've got Dan ackman onto talk about his review. Hello breakdown for us is the new macbook air worth it. It's very different from the old MAC book air, which both of you guys. Have that's designed it has not changed a lot in the last basically eight to ten years, and it was just really getting old. I mean, they're just not. So remember one of the cool, but the almost tech. I went to look up the original two thousand eight was when this was announced this when Steve Jobs, I think famously took it out of Manila, which by the way, he like faked that it was it couldn't actually fit in a little bit extra large gun extra. There's no way that original mat book Erica fit in anyways. So I went back did, oh, let's look at the original review from ten years ago. I was like I wonder I looked at the review it said, oh who wrote this turns out. It was me. I had no memory of this whatsoever. But if you wanna see me giant sideburns, you can see the video for that that we republished back in January for the actual tenth anniversary. So this is the first really really really substantial redesign in many years on this. And you know, what it looks and feels like the twelve inch macbook and teen inch macbook pro it's right in that family. Now, it is it's got the same butterfly keyboard, which is very shallow. Keyboard that giant touch the retina display with the much smaller Bethel's, you're still windows, laptops, with less benzel than this which is a little border between. We're this display ends and the ends. Mattock pretty good. Can we talk about the ports ports common? Oi. May there's only the two that's always it, isn't it. That's number one question. If it's a new MAC book, it's going to have USB ports. Thunderbolt three ports, but the really USB confusing to people stand technically the shape, right? And you can do power through this video data really anything just like on the current macbook pros. And frankly, a lot of high in windows, laptops, are USB only. Now, also, so it's not that crazy. The USB. See I'm not I don't have a huge issue because I know a lot of companies are moving to them. That's the features going. It's the fact that there's only two on one side they can do one on one. They couldn't figure on regular US food Jaffe lights, we should answer the question. That's the title of this podcast, though. Is it worth it? Is it worth the higher price tag everything about this air is new and improved for the most part much faster processor better track? Keyboard you could equivocate on screen much, much better lighter. So everything pretty much changed. Unfortunately, also changed is the price the air famously nine ninety nine for many many many years you could say going to save up for a couple months again, a MAC book air for college students a bit of a reach. But you could do it. Now. The starting price is eleven ninety nine which is frankly twenty percent Trump. That's big jump. And and it's it's no longer the automatic recommendation for let's say at college to or writer designers because it's that much more expensive and for one hundred dollars more, you could get either the twelve inch MAC book, which is less powerful, but more portable, and I actually like it a lot or the base model thirteen inch pro which is less portable. But power. What do you think is this worth? I think if you want a MAC book air, but you didn't want this old one. Yes, overall, it's a fantastic laptop. And if it was nine ninety nine I'd go out and buy one myself, right? This second ten ninety nine still pretty good once eight eleven ninety nine. Then it's then it's less of a of a blow out. All right. So let's talk about privacy effort. You've got a fascinating story on. How restaurants are clicking our data through these weightless apps. What's going on here? So if you've ever been a restaurant, and it's packed, and they say, you know, give us your phone number, and we'll send you a tax tables. Right. You can go go walk around the mall or something like that. While you're waiting for your table. If they're using an apt to automak automatically send you a taxed there's a good chance that there are some privacy. Implications come with that. So certain apps will keep your phone number for a certain amount of days at restaurants can take a look at other apps. They're able to share it with party marketers one. For example, open table is owned by kayak, which means that they're able to share it with all their different websites. So that's one example, yelp owns one called no way. And they say that they don't really do any marketing with your number. But they do keep it if you're using their app. Restaurants and malls. Or you're going to all the nicest ones all the fanciest ones. I live very. The best here, we do have malls here. They're rare. But there are malls in Brooklyn in Manhattan. You can call that Amalia herald square. Okay. The famous famously almost always empty Manhattan mall. Exactly. Yes. So. Is something that people should be worried about it depends. I mean, if you really don't care about, you know, your privacy, and you really just want the convenience of it. There's there doing this. So it's much more convenient for you. So that the next time you go to this restaurant. They'll know oh, this guy likes a seat by the window or something. I got it. Okay. A lot of it is done for the restaurant sake as well. So they know when their peak hours are how long people are waiting how long they should keep people waiting for without them wanting to leave or anything. So it is beneficial for restaurants. But you do also have to be mindful of your privacy. Right. Do you want to be a part of that experience? Just another example our slowly giveaway away all information, you need a restaurant at burner number could do that companion at that will give you a sixty minute phone number, and you can give them that. All right. So we're way over time for more on this chicken sound CNN. Roger Chan I'm outfitting, Dan Ackerman listening.

Dan Ackman Apple Steve Jobs Manhattan Manila Erica United States Dan Ackerman Chang Jan Ackerman CNN Amalia Herald Square Writer Roger Chan Yelp Brooklyn
Ackman's Pershing Square unveils $900 million stake in Starbucks

MarketFoolery

05:10 min | 3 years ago

Ackman's Pershing Square unveils $900 million stake in Starbucks

"The funding runs Pershing square has invested nine hundred million dollars in Starbucks and ackman Noche ranking violet. He said that he expects shares of Starbucks to double in the next three years. I will just say, from my standpoint. This is the single biggest holding I have in my portfolio is Starbucks and I do not view this as welcome news. I just I saw this, it's the curse. It's not even. It's not even so much the curse, but I just sort of thought, you know what? I don't need that right now, and I'm not. I don't even work at Starbucks, but I just thought if your Starbucks management of your Starbucks board. You're looking at Bill ackman saying, well, I'm here. I've got some ideas. Let me share with you. The wisdom that I shared with the people at Cipolla took steak there and Burger King, and you know, I don't want to dump all over Afrin. Even though I just have many because the guy has had some success. But this this just seems like ultimately more of a distraction for Starbucks management than anything. Positive. I agree. I think Starbucks is a business. I'm not. I mean, I'm sure this is. I mean, he's he's in investing in less or a little over one percent of the shares. I gotta feel this got to be a passive investment. I mean, I don't know what value he thinks he can add. I mean, in my mind, Starbucks is a business that has a pretty clear trajectory. There's not really a lot wrong with the business. I know growth has been slower for this isn't a business where I think ackman's coming in saying, oh, here's a problem, or here's something that's undervalued that I think I can create value or add to. And again, I. I don't know why we have to keep talking about Bill ackman. He's definitely a newsmaker, but you start you start telling up the MRs here over the last decade starting with target herbalife and then value pharmaceutical, which was multi billion dollars. I mean, the JC Penney. Right. I mean, it just the list is building here, and so I share your discomfort as a Starbucks shoulder as well. I'm not sure what Bill ackman actually brings to the table anymore. I think he's just looking for an easy win. Frankly, I think given the stretch that he's had and you just listed off some of his Villier failures that will in all of them. I mean, he's had a really tough gov lately, and and I think frankly, he's just looking for an easy win and we were talking about this yesterday. I think it's easy enough to get out there and make fun of ackman for picking Starbucks. Oh, it's no big secret. Everybody knows what Starbucks is, but that's kind of the point to really. And I think we talked about this a lot that really at the end of the day, those great businesses, they're not secrets. They're out there right in front of us since. I mean, he, he in the reasoning behind this. I mean, he listed off a lot of qualities that really we like. The business end. So for me, I mean, I don't think he's going to go there and try to turn things around or shape their strategy whatsoever because he certainly has a history of seeming to think he knows more than he really does in Starbucks is obviously very big company. Obviously, with with management, they're already said on a strategy, I guarantee you, they know more about the business and its future markets than he ever will. So yet to me, I really just think he's looking for an easy win here in that can't blame him. Starbucks is is a is a good business. That's when we like a lot here, and I think that you can hang onto a free longer than three years. Then you'd be better off. You think a doubles, like totally route I would love. I would love to be sitting here three years doing this show talking about how wrong I was to doubt Bill ackman that Starbucks shares had doubled in a three year period. It's such a mature business at this point. As you said, Mattie, the trajectory for Starbucks is pretty clear. If I the bet I'm betting it's higher in three years, but dub. It's a seventy seven billion dollar company. Yeah, I think to me, Starbucks is more of a a total return story. You're looking at dividends looking to buy backs. You're looking at a little bit of growth on the top line. You're looking at what they can do in China. But yeah, double in three years again to for that to happen, there has to be the dreaded financial engineering or something like that. That kind of does that. And you know, acting kind of does bring that to the table. I hope that's not the case to me. Starbucks, steady, ten percent, return her business. Certainly not a double in three years. I'd love to see it, but I think it's also worth remembering too. I mean, Starbucks is probably a witness a little bit more on the expense line there as a pertains to employ ease because they continue to revamp the benefits that they offer. I mean, just a recent example here was was the childcare subsidy, and I think they're, they're expanding that they're expanding that offering to every employee in the company. So I mean as an investor, I think you have to applaud that as a as an employee. I'm sure you'll love that it does it. Perhaps tamp down potential returns in the short run. Yep. Is that the right. Thing to do? Yeah. I think longer term it gives the company more opportunity to succeed to grow in. So those are good things, but we'll definitely play into that returns projection over the course of the next three years. I mean, fifteen percent annualized over the next three years or well, no, you're seeing double over the. Twenty percent. Yeah. Fifteen would be five years that seemed like a really hot hurdle very hurdle. You mentioned financial engineering. I'll just say this. I've never sold a single share of Starbucks in all the years. I've owned it if Eddie Lampert joins the

Starbucks Bill Ackman Ackman Noche Pershing Square Eddie Lampert Herbalife Afrin China Cipolla Burger King Mattie Three Years Nine Hundred Million Dollars Seventy Seven Billion Dollar Billion Dollars Fifteen Percent Twenty Percent One Percent Ten Percent Five Years
Bill Ackman, who flamed out on Herbalife, now targeting Starbucks

Bloomberg Best

00:18 sec | 3 years ago

Bill Ackman, who flamed out on Herbalife, now targeting Starbucks

"Shares in Starbucks picked up two percent in the US session. That was after hedge fund manager Bill ackman announced on nine hundred million dollar stake in the company ackman believes Starbucks troubles are surmountable and the company has tremendous growth opportunities with its expansion plans in China ackman is betting.

Bill Ackman Starbucks Ackman Fund Manager United States China Nine Hundred Million Dollar Two Percent
Ackman's Pershing Square unveils $900 million stake in Starbucks

Noon Report with Rick Van Cise

00:21 sec | 3 years ago

Ackman's Pershing Square unveils $900 million stake in Starbucks

"On the same day gave him subsidized backup care for kids and adults starbuck stock up more than two percent CNBC reports activist investor Bill ackman has revealed a nine hundred million dollar bet on Starbucks. His fund has fifteen little more fifteen million plus shares of Starbucks at about nine hundred million dollars worth company says by the way, going

Starbucks Bill Ackman Cnbc Nine Hundred Million Dollars Nine Hundred Million Dollar Two Percent
Who is Neri Oxman?

Who? Weekly

02:47 min | 3 years ago

Who is Neri Oxman?

"With the facts, and the thing about Neri Oxman is the more facts you learn the less you actually? No, because they approached her job way more seriously than the likes of us weekly and people and in doing so made her job even more confounding. It's completely ridiculous what they say about her in this in this piece. Yeah. Can I ask you question though? So they? So she says they say this past spring, Brad, Pitt also reached out in a visit to the media lab than inflame the internet. They are not dating Dr. Oxman said that emphatically her real world. Boyfriend is William ackman the contrarian, hedge funder. I didn't click that, but it is linked. What does that mean? What's it? Contrarian edge funder anyways, he lives in idea. He's rich. He's reading some rich guy. Bobby really got a kick out of this article because it doesn't make any sense. Let me read this. Yeah, a cab. Asian of some sort of, I don't know. It looks like. It looks like honeycomb. I don't know. It looks like a honeycomb. It's very organic material that's glowing, but I can't tell if it's, you know, emitting the light on its own accord or if there's a light in there, but the caption is material ecology, which is her specialty. I don't know what that means. Material ecology. Mary's technological advances of computational design synthetic biology and three d. printing to produce startling looking mouth. Multifunctional structures like these sheaves of childen. A Compostable material derived from shrimp shells in the foreground. Silkworms are spinning on tiny platforms.

Neri Oxman William Ackman Bobby Brad Mary Pitt
President Trump, Mike Pompeo and President discussed on Dennis Prager

Dennis Prager

00:51 sec | 3 years ago

President Trump, Mike Pompeo and President discussed on Dennis Prager

"Mike Pompeo says renewed sanctions are an important, pillar in US policy toward Iran says the sanctions will be rigorously enforced and remain in place. Until the, Iranian government radically changes course Pompeo says the Trump, administration is open to looking beyond sanctions but adds that. Would quote, require enormous change from Tehran he said Mr. Trump is intent on getting Iran, to quote behave. Like a normal country Jeremy house reporting LeBron James picking up support from one, of the world's biggest supporters of terrorism the former Iranian president Mark Murdock Medina jed who oversaw the killing of US servicemembers in Iraq and supports has belong and their attacks against Israeli civilians rushing to James is defense after the NBA star attack President Trump on, CNN and, the president fired back questioning James's intelligence, ackman dinner jet-set on Twitter that, everybody especially the president in his words.

President Trump Mike Pompeo Lebron James Mr. Trump Iran United States Mark Murdock Medina Tehran NBA Jeremy House Twitter CNN Iraq
Jakarta, Indonesia and Brown discussed on BBC World Service

BBC World Service

02:11 min | 3 years ago

Jakarta, Indonesia and Brown discussed on BBC World Service

"The chance to make a new life or is it time to close the doors on an endless stream if humanity that's all after a summary of the news bbc news with justin green abbas says it might have to pull out a britain if the government fails to agree a brexit deal with the eu the company which makes the wings for its planes in britain said repeatedly tried to raise its concerns with the government but without success junk road yonker the president of the european commission says the block will do whatever's necessary to safeguard its trade interests he was speaking as the eu imposed additional tariffs on over three billion dollars worth of american products it's in retaliation for us levies on steel and aluminium foxconn giant manufacturer of electronic components as voiced alarm at trade tensions between the us and china it's taiwanese founder and chairman terry go described the threat of a trade war as the biggest challenge to the company foxconn makes products for brown's including apple and intendo in indonesia a cleric and supporter of socalled islamic state has been sentenced to death by fire firing squad for his role and a terror attack ackman abderrahmane was found guilty of masterminding a deadly assault on central jakarta two years ago which is said it perpetrated greece's finance minister you kid stock alattas has welcomed a major deal in which eurozone countries agreed on a repayment joe for the country's dead he said greece was turning a new page or what he called this historic moment north and south korean delegations discussing how to resume reunions of families separated by the korean war sixty years ago there haven't been any for three years but at that summit in april the two countries leaders vowed to try and revive the reunions many of those affected a now in their eighties and the american bike sharing service lime is launching an electric scooter scheme in paris today earlier in the us lime started a bicycle high company but it found demand was ten times higher once it launch scooters bbc news you're listening to the real story.

Jakarta Indonesia Brown Founder And Chairman Taiwanese Justin Green Abbas BBC Paris Finance Minister Greece Britain Assault Ackman Abderrahmane Apple Foxconn Terry United States European Commission President Trump
Square obtains NY State cryptocurrency license

Bloomberg Markets

02:29 min | 3 years ago

Square obtains NY State cryptocurrency license

"Yeah because it was earlier today just saying that mergers to make at and t and comcast the world's most indebted companies and they were just talking about you know these guys you've got atf chris moving ahead with its deal and have comcast gets us fox out assets it would be a lot of debt media companies also often have a lot of debt on their balance sheets but nonetheless this would add to the picture and so maybe that's also playing until a bit of the trade today and you're seeing other peers in the kind of do takeover speculation space cvs trading down with their upcoming merger as you said at and t dropped again today so there's a lot of concern over what's going to be next when these companies are executing these large deals issuing debt or having to find a way to do investors in the other company staying with companies that are trading to the downside valid invested you do realize if they don't investors who is like internet dating thing that you do convinced me it's not an economic business anyway go ahead inside the pharmaceutical since february us regulators rejected an application for its plaques rises lotion management saw it is the first of many drugs that the company was going to use to get approval and launched this year in the next four and a half years valley and trying to get back on its feet and you're looking at the chart this shares were up just over eighty one percent year to date prior today's session kind of reversing that rebound bill ackman obviously the former favorite of a manager but wells fargo saying major setback given plans for the company to launch seven products over the next four and a half years to make up one hundred one billion dollars in sales to kind of revamp the company's portfolio as we saw it shift more towards dermatology at after that distribution scandal correct all right let's talk a bit about square up almost two point seven percent dollar seventy two to sixty six dollars twenty cents a share a square climbing to their highest price after new york granted the company a virtual currency license letting customers in the state by until bitcoin you might recall the ceo of us jack dorsey saying earlier this year at the company would introduce bitcoin trading must all its users have square cash which allows people to transfer money to friends and family so anyway optimism on this has certainly been quite a kick to shares of square they're up ninety one percents so far this year driven by optimism for cryptocurrency trading and growth in ice cores main operations that provide payments and.

New York CEO Comcast Jack Dorsey One Hundred One Billion Dollar Eighty One Percent Sixty Six Dollars Seven Percent
Ackman makes roughly $1 billion bet on Lowe's

Bloomberg Markets

03:17 min | 3 years ago

Ackman makes roughly $1 billion bet on Lowe's

"Industry altogether tying it all together for you and yet we continue to let them cheat and steal that's the trade issue as early as monday the president was touting the benefit for farmers of china buying more stuff this morning though he tweeted the deal might be too hard to get done shift of rhetoric from secretary of state mike pompeo when it comes to north korea till now he said no sanctions relief till the north completely denuclearize is now posture will not change until we see credible steps taken towards the complete verifiable and irreversible nico denuclearization of the korean peninsula pompeo isn't saying what credible steps would look like iran's supreme leader is speaking out for the first time since pompeo laid out demands for iran to halt its nuclear program in comments posted to his website i told ali khamenei says the us has tried various tactics to topple the regime and its forty year history and quoting here like the famous cat in tom and jerry it will fail again 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 this is bloomberg thinks nathan now with our other top stories i'm happy little there's been a shakeup inside wells fargo's municipal bond unit the unit's new chief is dismissing senior bankers in new york chicago and la and bringing in colleagues from his almatar morgan stanley wells fargo is looking to bolster shrinking meany bond underwriting business it's fall into the eighth spot on the list of the biggest us municipal bond managers customers are coming back to tiffany sales at the luxury jewelry chain blew away estimates in the last quarter growth was led by gains in north america and asia tiffany also raised its profit forecast for the year and announced a billion dollar share buyback plan bill ackman shopping at home retailer lowe's bloomberg's pimm fox has details bill ackman's pershing square capital management has taken a stake worth about a billion dollars in the retailer and is supportive of the company's incoming chief executive marvin ellison ackman disclosed the steak at a mergers and acquisitions conference in new new york hosted by the law firm kirkland and ellis ackman joins de sean company as an investor in the home improvement retailer ackman's position would put him in.

Marvin Ellison Ackman De Sean Company Ellis Ackman Chief Executive Lowe North America Wells Fargo Nathan Jerry Mike Pompeo China Ackman Kirkland New York President Trump Bill Ackman Pimm Fox LA