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A highlight from Chinese Communist Bitcoin Miners? And Lobbying For Bitcoin Mining W/ Dennis Porter
"Welcome back to the mining pod on this week's show. We're joined by Dennis Porter of the Satoshi Action Group to discuss Bitcoin mining and Politics we're mainly focused on the national security concerns when it comes to Bitcoin mining So we discussed with Dennis about moving into state houses and lobbying on behalf of the Bitcoin mining industry as a note Dennis is throwing a dinner at the end of this week on Friday at the North American blockchain summit Be sure to use promo code mining pod to get 25 % off your ticket. We'll be seeing you down in Fort Worth Do you have dinner plans November 17th? Well you do now down in Fort Worth, Texas at the North American blockchain summit Satoshi Action Group is hosting a dinner along with a lot of our friends in the Bitcoin mining industry You can join us November 17th at 6 30 p .m By going to Satoshi dinner calm and using promo code mining pod to get 25 % off your ticket again That's Satoshi dinner calm use code mining pod to get 25 % off your ticket. We'll be seeing you there Did you know that you can make more money by merge mining other networks check out make more money mining dot -com for information on bits 300 and 301 a proposal to bring more revenue to Bitcoin miners through side chains and merge mining called drive chains increase your mining revenues And learn more about participating in Bitcoin governance by visiting make more money mining dot -com Are you a miner who wants to activate Bitcoin improvements check out activation dot watch see what Bitcoin improvements the Bitcoin community? Developers and miners are considering and show support by signaling for one of many bits up for consideration activation dot watch Is your mining operation happening ready take control of your own future with the right energy strategy Link coin energy training platform is a tool used by miners to design monitor and seamlessly orchestrate sophisticated energy strategies within electricity markets such as or caught New York and PJM avoid penalties Participate demand response programs and capture hundreds of thousands of dollars per megawatt per year by deploying the right block and index strategy secure your competitive edge at link coin calm Are you a retail or institutional investor interested in Bitcoin mining companies the minor mag brings you free data and analysis from all major Nasdaq listed Bitcoin mining operations to know who stands out check out visualize metrics and data dependent stories at the minor mag Welcome back to the mining pod. Dennis is joining me today. Dennis Porter. Welcome to the show. How are you today? I'm doing excellent. Just coming back from a break. So are ready to dive into a jam -packed week of back -to -back calls Yeah, nice and tan back from your travels, right? Yeah, this is as tan as I get too So it's like, you know, ten days ten days in the Sun and this is as good as it gets So just everyone's prepared for that Are you ready to jump back into the Bitcoin grind or did you like really stop when you were vacationing? I oh, I never really truly fully stopped working the tweets keep coming, huh? Yeah It's an unfortunate byproduct of working in a 24 -7 365 non -stop nascent ever faster moving Industry that is Bitcoin Bitcoin mining when it combines two crazy worlds the one that I work in which is Bitcoin Bitcoin mining side which is the 24 -7 365 thing and then it's the Political realm which is just a total mess all the time. So it's a great combo. Yeah, I remember talking I want to stay sane Yeah, exactly my point. I was about to make you took the words out my mouth I remember talking to you like a year ago about the political side of things I was like, I don't know why anyone would ever want to get in that world at all. You're like, oh, I love it I love the I love the pool. I love being in the midst of it and still today don't get it Probably won't ever but I'm glad there's people like you who care about it And we you know agree on most things when it's firstly when it comes to Bitcoin mining so glad that's there Okay was transition over to Satoshi Action Fund. So you're the president and CEO you founded it. It's been two years Or so, it's a little over a year. We launched in June of last year and I am yeah I'm the president CEO I say CEO and president of Satoshi Action I'm there are two organizations now actually one is Satoshi Action Fund and one is Satoshi Action Education one I'm the CEO of and one of the president of so for simplicity's sake we just say it's all under the Satoshi Action umbrella But yeah, it's been going really really well We've had a ton of success and I'm sure we'll jump into that But I launched that in June of last year and we've been off to the races ever since Yeah, let's go into a little bit and then we have much more talking to show specifically We brought you on to talk about all the recent headlines with like rural Bitcoin mining and like the pushback We had a New York Times article about that there's some stuff in Arkansas going on So we'll get to that probably towards the second half of the show But let's talk about Satoshi Action Fund some wins recently and then maybe like a little more Flushed out what you guys are trying to to work on is like the product if you could say that for I guess a lobbying organization Yeah, yeah I mean it's good and that's that's probably one good area to start though with when it talk what comes talking about Satoshi Action is The one big difference between us and let's say like a lobbying organization or even a trade association Is that we don't we don't actually like do most of the lobbying. In fact, we hire lobbyists and we don't have members We have donors like more or less the premise of Satoshi Action Is that if you believe in the mission that we have pursued which is to make the United States? One of the best places in the world to be a Bitcoin miner or to be a Bitcoin er Then you want to support us if you agree with you know having the opportunity to stay here in America That's thriving off of this new technology versus being forced to move abroad You know that again is why I created Satoshi Action I think it's why people buy buy into the vision and the mission of what we're doing but we're very very structured very very different from from any of these other organizations that you might see out there and Once we launched Satoshi Action, the first thing that we wanted to do was try to go out there and show Right off the bat. What could we do? How could we be successful? How could we show that we can be effective because one of the most dangerous things that you can do with a political organization is You know get out there do all this, you know, make all this noise and then you don't produce any results You can do that a couple times you can even do it for years But eventually people will grow tired and they will move on and they will want to hear from someone else They will want to see someone else produce results There's definitely two the unfortunate part about politics Is there sort of two things you have to do one is you do have to produce results and the other is you have to? market your results market even what you're trying to do so that you can get people to buy into that they should buy into what you're trying to accomplish and fund essentially fund your operation because 100 almost 100 percent aside from our like You know, two three little s19 miners that we have plugged in that were donated to us The vast majority of our money comes from either donations or people that we get to come to our events was essentially a form of a donation So we rely a lot on on our donors to support the work that we do on a constant basis But right away we wanted to make sure that we were proving to our donors that we were having success So we said, okay, what can we do? We we got to the drawing board right away We brought on Eric Peterson who is our current policy director. Who's a wizard on the policy world and We had my two co -founders Mandy and Syria and we sat down we were like, alright, what are we gonna do? We started crafting public policy model policy For the Bitcoin Bitcoin mining space and what that means is that we created sort of like this like, okay here is a Example of a bill you could pass in your state that helps you advance this industry You know what we would do is we'd go in we'd say okay We have this great bill that we wrote up and we think you should pass it It'll really help you and they'll say like, you know, why would you want me to do that? Like we go in we pitch we say okay Bitcoin mining is great for jobs Great for local investment grid stability environmental cleanup the ability to enhance green and renewable energy projects really any energy project But policymakers particularly like when you can help solve some of the problems with green energy And then we win then we give them that bill the most popular of those bills that we did We know we have four of them Two of them have sort of moved or I should say three of them have moved around like have been introduced Or been worked on at the state level So far only one has passed into law which is a very big accomplishment but not to say only one but yeah I'm pretty yeah, it's pretty big deal Yeah, just one. It's just one of dates. So yeah so in then, um that bill ended up being called our right to mine bill initially originally was called the Digital Protection Act and then it transformed into becoming the rights mind bill and essentially that bill just protects Bitcoin miners from various forms of discrimination We saw real -time discrimination taking place across the country and we created real -time protections for that form of discrimination And we ended up being able to pass that bill into law in two states, Arkansas and Montana in fact in Montana is one of the states where Two things happen one. We actually saw some of the discrimination taking place where I don't know if you heard of the Missoula County there Where they changed the zoning laws and they like went drove a twenty million dollar bank when mining operation completely bankrupt because of it so Completely wiped them out all because they were concerned about things that were not true about Bitcoin mining, you know environmental concerns Oftentimes we see at the local level not necessarily in Montana But a big one is a concern is around Chinese mining particularly CCP mining I should say not Chinese owned but just that they're concerned that the CCP controls them So we saw real -time discrimination taking place in Montana We solved that problem the other problem. The other thing we discovered while we're there that we learned is That we can add things to this bill And we'll get into sort of like where we got to from that point But it was an important moment in the history of Satoshi action We added in a ban on any additional taxes on Bitcoin when uses a form of payment Which is critical because in the state of Montana, you know If you let's say you sell me a car like they'll tax that like peer -to -peer transaction Let's tax it like right off the top. So if I just sell you some Bitcoin or pay you in Bitcoin They would do the same thing. They'd be like, oh are we you owe us a tax for that? So we banned that which was great. And um, yeah, we'll talk about a little later but that was our big initial success huge success a small tear came down my eye when I When I passed my first bill into law Eric was like, you know done 10 ,000 times So he didn't he didn't really care as much but it was it was a big moment But I was like, we've done it. We've done it, you know, like he was like, ah Alright now I'm time for the next one right? So yeah right to mine. How'd you guys come up with that? It's like a very it's very catchy right and it's hard to argue against that Yeah, I don't know. I just can't use Brilliant top ahead. Okay, I came up with it sent it to I sent it to someone and said hey You should call this right to mine. I didn't even we didn't publicize it a really large news account I said hey just call it right to mine. That makes more sense. Yeah, and they did and then it just took off. Yes It was interesting for sure it's very amenable in a good way Okay, so you guys have passed some bills you're creating like this donor network to be able to to move it forward You've told me about a few wins here. I want to hear about some of like the obstacles which you already kind of alluded to so and we'll get to that later in the show the discrimination which we're seeing pop up right now, whether it be Chinese Bitcoin miners who are being Unfairly maligned for being associated with the CCP or not. And then also just like other Bitcoin miners who are unwelcome in certain areas But to the obstacles, what are some things that you've sort of like learned about why you come through this process creating Satoshi Action Fund and moving forward into these different these different State houses to lobby on behalf of Bitcoin Yeah, I would say that an overarching theme to the work that we do is that Things can go wrong very quickly and can be can be unrecoverable. They can be recoverable, but they can also be unrecoverable You know politics is very much like the real world so when real -world actions occur, there will be Consequences or there will be you know, either good or bad, right? You'll have good things or bad things happen because of real -world actions I'll give an example of a positive real -world example that Leads to us to do where we are today having a lot of success and that is the current consistent worry and fear around central bank digital currencies, so for some reason Which I definitely am aware of I Can't share too much on the story but definitely aware of a lot of Americans became very very concerned around central bank digital currencies and so Eventually, what happened was you had governors across the country including Governor Noem and Governor DeSantis eventually Working to ban central bank digital currencies at the state level There was this big huge kerfuffle around it and everyone was like doing everything they could to like stake their claim Literally Governor Noem took out like a steel Stamp of like a veto stamp and was like like stamped it into the bill. Like it was very it was very cool Actually, I loved it. Um so all of a sudden this like firestorm picks up where central bank digital currencies become this thing that Generally, I would say conservatives are against or Republicans are against but like really really opposed to like hyper opposed to it more so than I have seen anything in the The crypto space broadly I would I would consider CC central bank digital currencies to sort of be adjacent to the to the crypto space and because of that fervent Fear and concern around central bank digital currencies we've actually been able to use it as an effective way to demonstrate the value of Bitcoin because What happened was initially when they said Oh central bank digital currencies are a problem people started to say oh Well Bitcoin is a digital currency Is that also going to have the same problems as a CBDC and of course, we know we started education right away No These things are like way way different and then we just started to realize that it was best to classify them as polar opposites because they literally are like one is You know authoritarian sort of at least you when used on the retail level go ahead Yeah, send a CBDC between a bank or an institution. I don't I don't care at all force it on individuals In the United States without proper regular regulations and regulatory frameworks and then all of a sudden you have something that could be used in a way that you know is Sort of unimaginable to some extent to manipulate human behavior. So We started saying okay, these things are opposite and now when we're going into these states and we're saying okay, you should pass this bill It's pro Bitcoin. Also, it's anti CBDC people are like, oh hell yeah, let's go like we want to pass that bill So that's what that's one positive example of like how real -world things have had a really positive impact on what we're doing There's a lot of headwinds around creating or doing anything that you can to oppose CBDCs and so and as we pitch Bitcoin Bitcoin mining and You know all of our digital asset policy where there's always that thought in mind of how can we tie this into? Concerns around CBDCs which are valid and are linked We are not making some sort of leap here Bitcoin and CBDCs couldn't possibly be more more polar opposite. Gotcha Tell tell me about the some other stories Involving I have one video in mind of you going to Montana and speaking in front of Yeah, and there was someone before you who was just like going off and like kind of rabid It was good. And then you came in after and like kind of calmly presented some is Counter information this typically how the process is? Because I just think you are basically working in like the Parks and Rec version of Bitcoin. You have to like go deal like these Officials and like they don't know anything about it and they're like China bad Bitcoin bad That's that's my understanding every time I see this which is a really unfair characterization of it, but it's also it's stuck in my mind So lay it on yeah. No, it's it's you got you got it. You nailed it, right? Is the funnest example of Just how wild that can be out there So we go and we are getting ready to testify and every time we testify You know Especially because it's around Bitcoin mining we do get some sort of pushback usually at the local level typically from environmental groups Which is unfortunate because there's so much. I mean everybody knows in the mining space There are so many benefits from the methane component to balancing renewables to balancing the grid there's so many benefits that the You know Bitcoin mining space can offer to those that have come from even staunchly environmental the staunchly environmental realm so Needless to say there was two Opponents strong opponents to the bill one was a gal from an environmental group. She didn't get too out of control but the second guy he was a young a young gentleman from from Montana not originally and he worked at UCLA and he Was very opposed to Bitcoin and he started to go on this like speech like this really long drawn -out like monologue and Eventually at one point he says that that Montana will will like Die on the cross of Bitcoin essentially, right? It'll burn on the cross of Bitcoin I can't remember the exact word he uses but it's like very extreme very dramatic and Then he goes on to say that people are dying because of Bitcoin mine houses. I wish the camera was on me There's these cameras in every single Hearing room generally speaking every state Capital building when you're testifying in front of these hearings like they have cameras just like DC but obviously a lot lower tech But I just remember when he said that people are dying because of it He was so people are dying because of Bitcoin. He was so serious about it I just remember looking down my notes and just my face looked looking up at him was like So confused and I just wish the camera would have caught it because it would have been a perfectly it would have been a meme Like forever, but yeah, fortunately, there's a lot of great policymakers out there and actually, you know sometimes you love to rag on these guys, but You know, they do a good job a lot of these guys. They do a good job one guy asks him he says You know, he tries to run out actually that's part of the stories and this is important part of the story So let me backtrack so he finishes his speech. He tries to leave right away, which you don't do never do very rude tries to leave And as he gets to the door one of the people was like hey before you go even you usually we do questions at the End let's have you do some questions right now. We want to be able to talk to you a little bit Bring him back up to the podium He's like now son You made some pretty egregious claims there around Bitcoin mining Do you have anything to back up the statement that Bitcoin mining is killing people and the guy just is like well I don't have it here with me, but I can I can get it to you and He just like this this guy just is like, I mean you gotta remember this you see you sell a guy's like 22 years old he's a kid. Yeah Great great on him though. Great. Love the love the getting active at a young age, but he's just like son if You're gonna come in here and make egregious claims. You better have something to back it up and The kid just was like so upset like cuz he just got he's gave this great speech And he wanted to just walk out like drop the mic and walk out So he just blew him up I was anyways, it was it was definitely the most entertaining moments in the entire history of my experience And it's only been a year and a half So I I'm really looking forward to other stories that I can tell in the future Please catalog all these because I just like very Specifically remember watching that entire video and laughing pretty hard because it was it was pretty funny Okay, let's keep diving into this a little bit more. What have you been seeing in a lobbying front? That's been sort of helpful that you would encourage other people to look at we've had the call lines We've had the emails. We've had people going speaking to people I Think for the Bitcoin community we can all take like a breather and be like a lot of what we've been doing has not been working What has been working to speak with these people in state houses who need to learn about Bitcoin because Bitcoin's coming their backyard What has been working from your year and a half of doing this actively and putting boots on the ground? The things that have helped the most are Well, first of all getting clear of FTX collapse. I mean that is this is what I just tweeted this out yesterday. It's like I Still can't believe that we passed two bills into law in the middle of that collapse and it was a very testy time in the space so getting clear of FTX is Only gonna help us the other is just the way we Approach the conversation around Bitcoin and Bitcoin mining the way we pitch it is that we really focus on the benefits We do not talk about the technical side We do not try to explain how Bitcoin or Bitcoin mining works We give a very brief overview if they want more information Of course, we will dive deeper with them and we are very good at doing that you always have to be ready for those questions, but It's very important to just keep it as simple as possible Most of these policymakers have not made up their minds at all about any of this stuff They hear it in the news over there. They're their nephews trading crypto You know, like they're it's like they've got stuff all over the place, you know, you got some hardline anti -crypto anti -bitcoin Democrats You know, you've got some vocal Republicans, but they're not really like hardline yet. Like there's just not a lot of like really built -in statements or viewpoints on this on this technology and So what we do is we just go in and we say okay like Out of everything you've heard a lot of some of it is true some of it is not but most importantly what we're here to do is try to explain to you the value of Bitcoin mining for your state so we pitch Bitcoin mining and we it's a five benefits I mentioned earlier it can bring jobs local investment great stability Environmental cleanup and the ability to enhance green and renewable energy projects and out of those five No one ever says anything bad about it But out of those five usually a policy maker will say oh What kind of jobs does it make or like, you know, oh I I didn't know it could clean up the environment it's like an instant like gateway to being able to have a conversation about something they care about because usually you're hitting on something there like if it's not the economy if It's not the environment if it's not energy like at the local state level like those topics are huge Because the vast majority of energy policy is set at the state level. The vast majority of job creation is done at the state level And then a lot of this these like sort of decisions around how much green energy they're going to be building done at the state Level a lot of environmental stuff done in the state level Yeah, DC throws around big pockets big buckets of money at everybody and they certainly have regulations But a lot of these decisions are made by local state policymakers And so they care if they care a lot about these issues probably themselves, but also their voters care a lot about those issues Particularly the jobs one comes up a lot because we we know in the mining space that we create a lot of rule And jobs and jobs and economically depressed zones where it's very difficult to create jobs nearly impossible to create like long -lasting jobs So the moment you say oh we create jobs in rural areas. They're like boom the brain turns on like well How do you do that? Because that's really important to me As an example in New Hampshire, we've I've been there a few times now In the there's an area called the North Country. There's like no jobs It's a whole thing like they call it jobs for the North Country is like one of their pitches So when we go there and we talk about Bitcoin mining, we're like jobs for the North Country jobs for the North Country It's because it's true and it's something they care a lot about so that yeah, that's that's generally how we pitch it We do not talk about Too much about Bitcoin in the past We haven't talked too much about Bitcoin to the extent that it's like oh you're gonna need this because it's good as hedge for inflation or XYZ like we sort of stay away from that and focus on things that Like mining that we know will deliver value now, we've expanded our policy. We've expanded the way that we that we talk about it But we haven't gone into this new legislative cycle yet So yeah, that was all done everything that we just talked about that we've done and that we have done It was done in early 2023. We prep for it in early 20 or in late 2022 Now we are prepping for 2024 in late 2023 So we got we sort of have an idea of where things are gonna go and what we're gonna do and we're in a really Great position. In fact, we could be active in up to 20 states we probably won't be active in that many but we have the opportunity to be active in up to 20 states and as a Form of context we only introduced law or excuse me introduced policy in seven states, so we were only able to actually convince seven states to Try to pass our bills Whereas like this cycle, I think that number will be closer to like 10 or 15 only seven states That sounds like a lot of airline miles to me so it can be yeah. Yeah, this seems seems like a lot of work Okay, so we got a lot of that laid out Let's go and talk about some of the more aggressive headlines We've seen recently and we're speaking about the New York Times article that dropped to believe a week ago for listeners Check out that in the show notes will include that I think we also talked about the news roundup last week Essentially, there's a Cheyenne Wyoming based Bitcoin miner They are owned and operated by a Chinese national group that has some ties according to the New York Times to the Chinese Communist Party essentially the story boiled down to Microsoft is near this plant it's Bitcoin mining plant the US government has a missile siloed nearby an Air Force base nearby and Microsoft is worried that this Bitcoin mining base could be used for foreign intelligence reasons Then we also have the story down in Arkansas, which we'll get down to in a second But let's start with this first one this this thing with Chinese nationalist groups Bitcoin mining obviously to to you and I is more of an energy game and it's very simple, right? It's just like plugging machine. Let it hash I'm gonna collect some Bitcoin and then there's those five benefits you talked about to outsiders though. They're not thinking about that They're thinking about all these people coming into rural areas and even foreign investment Has that been a struggle when you've been talking to lobbyists groups or talking to people in state houses have they brought this up to you? Yeah, definitely it's um, it's a major concern I would say Most Americans like average American especially rural Americans care a lot about the encroachment of the CCP on on the United States from from a physical perspective so like from a geographical perspective they don't like the idea of a CCP owned controlled or even highly influenced business You know being next to them and then definitely not being in and around me sort of military installations I believe the location in Cheyenne is near a Also, is that the one that's also near a nuclear plant or a nuclear missile site as well? So yeah, something like that Yeah, so I share the concern like that I think the premise is like Do you want foreign adversaries to be in and around any sort of? Military installation any sort of critical infrastructure You know generally I like my stance is like I'm very like pro people coming here starting their businesses You know trying to accomplish the American dream, but at the same time We also have to be concerned about whether or not those businesses have strong links to You know the CCP or you know A lot of people care a lot about also like Russian oligarchs and their ability to influence America American politics American infrastructure you know the big argument today is that the electrical infrastructure is a critical part of national security and That we need to be doing everything we can to protect it and I agree I think that's important all of those things are important that we should we should keep an eye on them The the thing that I don't like is when the New York Times tried to spin this article as if like Bitcoin mining was some sort of like really powerful tool in the hands of the CCP like next to these sites I don't think it really matters what business was there.
Fresh update on "american airlines" discussed on Evening News with Art Sanders
"Number of people to go through security on a single day that equals over 2 000 people per minute passing through tsa checkpoints a day that also included nearly 8 000 flight delays due to a cross -country storm american airlines shattered a record with well over 6 million passengers for the thanksgiving holiday united airlines also broke broke its holiday record here CNBC's jessica edinger with tuesday business wall street opens this this morning after slight losses for stocks yesterday markets seem to be digesting after thanksgiving markets are acting as if it's in a pretty comfortable spot at these levels four weeks sprint higher has gotten it a little bit stretched but in general that certainty about a coming recession has definitely been diluted CNBC's mike santoli investors waiting for cyber monday sales numbers it's the second most popular day to shop just behind black friday adobe analytics says last friday sales were up seven and a half percent over last year but overall for the whole season retailers may not be doing so well when we look at the overall holiday quarter we're expecting only to see a 1 .4 growth in revenue for retailers LSEG's jerone martis on CNBC and some retail experts just don't like black friday or cyber monday you know black friday was invented in Philadelphia in the early 50s and then it went national in the early 60s. I think it's a to the bottom. And it trains consumers why not wait former J. Crew CEO Mickey Drexler on CNBC it is giving Tuesday plenty of nonprofits are hoping you'll open your wallet the travel industry decided to rename and rebrand today as travel Tuesday they want you to spend on flights hotels and more Eli Lilly's blockbuster diabetes drug manjaro more effective for weight loss the Novo Nordisk Ozempic in overweight or obese adults this is from an analysis of real world data by true vet or research our home builders doing in this economy we just got the newly built home sales numbers for last month it was very disappointing in October sales were down more than expected even as they dropped prices there's a miss not just on the headline number but in a lot of details on this report this number is based on signed contracts in October that is people out shopping during the month when mortgage went rates over eight percent now we've been talking about the builders buying down these mortgage rates but clearly they couldn't do it enough during this month we did see prices come down dramatically the median price of a home sold in over a new home $409 ,300 down nearly 18 % year -over -year going forward the question is going to be we've now seen mortgage rates pulled back from that eight percent we're now down to around seven point point three two percent so are we going to see any improvement in sales as we go into this very usually dead winter season CNBC's Diana Olick on today's watch list earnings from Hewlett -Packard Enterprise, CrowdStrike and Intuit. We get the latest on home prices with the S &P K Schiller Home Price Index. Disney holding a town hall today CEO Bob Iger addressing all employees. CNBC's Jessica Edinger at 24 after. Coming up next on America in the Morning high school students protest Jewish teachers action after these messages Thanks my
Monitor Show 16:00 11-05-2023 16:00
"Interactive brokers clients earn up to 4 .83 % on their uninvested instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Sir, have a good and safe weekend everyone. Don't forget your clocks go back an hour this weekend. Do stay with us though. Today's top stories and global business headlines are coming up right now. This is a Bloomberg money minute. Airlines only make money when their planes are flying. So anything they can do to get passengers on board faster and get that plane off the ground, they'll try. And as Zach Griff senior reporter at the points guy tells it, United Airlines has a pretty good idea to save time and money. What we're seeing United do is do what they call the Wilma approach, where they board window seats first, then middle seat and then aisle seats so that they can basically cram you in there as fast as possible. That will reduce boarding time by two minutes per flight. It may not sound like a whole lot, but the average plane does five trips a day. That's 10 minutes of boarding for one plane on a given day. United's got hundreds of planes in its fleet, all doing a ton of trips. This is an astronomical number. When you then go and times it out by the 365 days, planes planes don't take vacations like you and I do. Also a help no assigned seats and larger overhead bins. Tom Busby Bloomberg radio. What is dedication? The thing that drives me every day as a dad is Dariana. We call them a day date for sure.
Fresh "American Airlines" from Evening News with Art Sanders
"Policies as low as $1 a day. Answer a few health questions and get your free quote at GetEthos .com. That's G E T T E E T H O S .com. Wesley Financial Group is not a law firm. This story is called the ugly truth about timeshare. If you think you've done your family a favor by buying a timeshare, you need my help. Hello, I'm Chuck McDowell, CEO and founder of Wesley Financial Group. 10 years ago, I started helping folks cancel their timeshare in the process started what's now called the timeshare industry. cancellation Timeshare is the only thing that you can buy that you can't tell me how much it's going to cost or when it's going to end. When you buy a timeshare, you give them a blank check to fill out any amount they want for annual maintenance and assessment fees. The crazy thing is, this never ends. Even when die, you your family's now going to be stuck with this burden. Stop the insanity today. Call my now. office If we take you as a client, I guarantee we'll cancel your timeshare or you'll pay nothing. Call your office 888 -800 -893 -2288. Call us today. Post -Thanksgiving weekend travel numbers are in. Welcome back to The Transportation Safety Administration says just under 3 million people were screened Sunday at US airports. The highest number of people to go through security on a single day. That over equals 2 ,000 people per minute passing through TSA checkpoints. A day that also included nearly 8 ,000 flight delays due to a cross -country storm. American Airlines shattered record a with well over 6 million passengers for the Thanksgiving holiday. United Airlines also broke its holiday record. Here's CNBC's Jessica Edinger with Tuesday Business. Wall Street opens this morning after slight losses for stocks yesterday. Markets seem to be digesting after Thanksgiving. Markets It's acting as if it's in a pretty comfortable spot at these levels. Four weeks sprint higher has gotten it a little in bit stretched, general, but that certainty about a coming recession has definitely been diluted. CNBC's Mike Santoli, investors waiting for Cyber Monday sales numbers. It's the second most popular day to shop just Black behind Friday. Adobe Analytics says last Friday sales were up seven and a half percent over last year, but overall for the whole season retailers may not be doing so well. When we look at the overall holiday quarter, we're expecting to see only a 1 .4 % growth in revenue for retailers. LSEG's Jerome Martis on NBC and some retail experts just don't like Black Friday or Cyber Monday. You know, Black Friday was invented in Philadelphia in the early 50s and then it went national in the early 60s. I think a it's race to the bottom and it trains consumers why not wait. They're not buying regular price goods. Former J. Crew CEO Mickey Drexler on CNBC. It is Giving Tuesday. Plenty of nonprofits are hoping you'll open your wallet. The travel industry decided to rename and rebrand today as Travel Tuesday. They want you to spend on flights, hotels and more. Eli Lilly's blockbuster diabetes drug Jara more effective for weight loss than Novo Nordisk's Ozempic in overweight or obese adults. This is from an analysis of real world data by true better research. How are home builders doing in this economy? We just got the newly built home sales numbers for last month. It was very disappointing in October. Sales were down more than expected, even as they dropped prices. This is a miss, not just on the headline number, but in a lot of details on this report. This number is based on signed contracts in October. That is people out shopping the during month when mortgage rates went over 8%. Now we've been talking about the builders buying down these mortgage rates, clearly but they couldn't do it enough during this month. We did see prices come down dramatically. The median price of homes sold in October, a new home $409 ,300 down nearly 18 % year over year. Going forward, the question is going to be, we've now seen mortgage rates pulled back from that 8%. We're now down around 7 .32%. So are we going to see any improvement in sales as we go into this very usually dead winter season? CNBC's Diana Olick on today's watch list. Earnings from Hewlett -Packard Enterprise CrowdStrike and Intuit. We get the latest on home prices with the S &P Case Shiller Home Price Index. Disney holding a town hall today. CEO Bob Iger addressing all employees. NBC's Jessica Edinger at 24 After. Coming up next on America in the Morning, high school students protest Jewish teachers action after these messages. Mhm. Mhm. Mhm. Mhm. My passion about ancestry comes from the fact that I was an only child who didn't have family. I see all my friends doing family outings and family. This and I would spend weekends
A highlight from AI in Healthcare with Adam Odessky, Sensley
"Start the proverbial stream and here we are this is indeed yes yes yes as it is right now hello ladies and gentlemen boys and girls here we go welcome welcome welcome to VUX world I'm your host Kane Sims and I am with today Adam Odeski from Sensely. Adam hello. Hello Kane how are you? Good to connect. Good to connect long follower time first -time caller that's me to you not you to me I've been following you for a long time definitely definitely yeah it's I'm so glad that we can connect and definitely definitely appreciative of your of your time and we're gonna jump in in just one second but very firstly before we do that I just want to quickly give a shout out to everyone who's tuning in whether you're on the podcast whether you're on LinkedIn YouTube wherever you are we are doing webinar a on it's it's a fortnight it's probably two weeks away now depending on when you listen to this but it will be on the is it the 9th let me just double check my dates the 9th of November save the day 9th of November and what it is is we will be joined by wisdom we did a webinar with them previously we had a look at that tool we had a look at the conversational analytics components there this time we're going to be taking you through a framework for chatbot improvement and this is the whole kind of theme for this is patronum expecto summoning the majesty of chatbot improvement if you in fact if you're a Harry Potter fan you'll like the the theme for this one but even if you're not Harry Potter fan doesn't really matter because it's not magic it is a proven framework it's a step -by -step process and we're gonna walk through some case studies and some examples of how you can first find the things that need your attention so you're not working on the wrong things you make sure you're working on things that are moving the needle what kind of things can you do to remedy it how do you track improvements over time and how do you make sure that your chatbot is constantly delivering value to to the business so if you are interested in joining that you can go to V UX dot world forward slash events or you can go to the V UX dot world website and the events tab there and feel free to enroll and join and we will see you next Thursday alright as I said thank you Adam for for joining me well let's let's kick off let's kick off with with yourself first of all and we'll get into sense because I know since he's been around for a long time actually so tell you tell us tell us a bit about yourself and how you how you kind of got involved with essentially oh yeah sure so I've actually been in the avatar or the voice user interface world for a very long time my first job out of college was actually with the Oracle voice lab in Chicago where we were building enterprise this is back in 2001 I guess I'm trying to kind of figure out I'm getting old I feel pretty young feel like a kid still but I guess I'm pretty old now but back into back in the early 2000s I could say my first job out of college was with the Oracle voice lab and the goal of the Oracle voice lab was to build enterprise voice applications that would sit on top of the Oracle application server so things like email and calendar and files things like that sort of like what Siri does today or the Apple you know the smartphones do today we're building in voice with voice applications and the goal for establishing the Oracle voice lab and these applications was basically one executive at Oracle who wanted to listen to his email on his commute in Silicon Valley from like his his place in Santa Cruz up to Redwood City so he really wanted to like listen to his emails as he was driving he's like okay well let's let's establish this lab so we can build these voice applications like what I have to do for the day and my emails from the last night and my first sort of I guess claim to fame or one of actually the first applications that I wrote was voice access to email where it was based sort of a voice made a voicemail model and it's interesting with the voicemail model because back I guess voicemails you can just tap and listen to voicemails today but you know quite early before the way the way you would listen to voicemails is that it wouldn't go from the the latest voicemail that you have down to the earliest unread voicemail it would start at the earliest unread voicemail that you have and go up to the latest so more chronological order and so that was the pattern that we used for building voice access to email we wanted it to be just like voicemail and that was kind of a tricky algorithm to figure out which which of your emails is the most unread one you know the earliest unreading you have so I had to like build this application to sort of start with that earliest unread email and they had maybe other unread email scattered throughout your inbox but the earliest that was in chronological or in like pattern order that also follows other unread emails all the way up to the top and we use kind of a it was like a Genesis platform or the voice genie platform IVR platform at the time to to basically use voice XML right and I was a voice ex developer I started out as a voice XML developer to to build these to build these applications and besides email I built you know calendar and you can listen to like you you know the appointments so you have for the day and and you know in file so it's kind of an early version of a voice based assistant digital assistant you can you can compose new emails and you would use your voice to basically compose the email so we didn't have great speech -to -text technology back then so the the emails would come as with a voice with an audio attachment basically of your recording but we had you know a large grammar for and we had recognition to like basically say the name of the person that you're trying to email so that was kind of early experience one of the earliest they think experiences in building these kind of voice only IVR applications for enterprise right for personal information for information management that that employees could use whatever they were away from the phone so that was sort of the start of my career that's how I got into this space building these applications later on I actually worked on a real voicemail product that was based on email except the emails were actual kind of deemed as voicemails you can just listen to your voicemails that used email servers to basically be transferred around and later on I went after that I went to work for for tell me networks which was later acquired by Microsoft and there's another example of a similar thing though wasn't it an IVR based assistant that's right that's right and tell me networks had a very actually large enterprise business as well and this is where I got a chance to work with big companies building both inbound and outbound IVR applications for their customer service so we worked with you know companies like United Airlines and E trade a bunch of a bunch of these big names insurance companies like Humana etc and I always had a I had a kind of a niche for health care you know on the my family had a lot of kind of health care issues over the years my grandma especially had heart failure and it was interesting I was so experienced with these customer service IVR applications but if you look at you know the way doctors work the way hospitals work they hardly use any of these kind of technologies to communicate with their patients it was always difficult to get a hold of a doctor was difficult to book an appointment and especially people with chronic conditions you know they they hardly ever followed up and you know the way the better these conditions is for you to check like you check various vital signs like blood pressure and weight and you know other things like glucose levels if you're diabetic and I always like I wondered why is the healthcare industry so far behind you know travel and transportation for instance or insurance or you know hospitality and those are the industries I was mainly dealing at tell me and Microsoft and so that's kind of that itch became sort of a passion of mine to build something that was similar to what I was building in you know it tell me in it oracle but specifically focused on the healthcare industry to do these kind of IVR outbound follow -ups and you know conversations where somebody can report something new or report their symptoms and that's sort of the that led me to eventually start building out Sensly to focus on that part of the industry which I thought was very much underserved but at the same time the need was I thought higher than and you know both the social need and the financial need you know was it was higher than any other sort of enterprise applications I've ever worked on and that was sort of the focus that I started the path that I started going on which eventually led to creating Sensly and then here we are yeah here we are the rest is history so they say that's really interesting that the the stuff from from before they're kind of like the tell me stuff in that was that using like keyword recognition was there like it and it was that one of the first sort of like intent based NLU systems like what kind of stuff was that using and and how did that inform what you wanted to do when you started building Sensly yeah so back then tell me and a bunch of other companies in the space this is around you know 2005 2010 I would say that that period in time that was still heavily using voice XML as a language for creating these applications the way voice XML works it's very similar to HTML where you would specify these tags of prompts that you want the you know the voice bot or the IVR system to say and then you'd have these grant would call them grammars back then I haven't used that term I haven't heard that term now being used in a while but you would build grammars of the things that you wanted to recognize and now I guess these are called intense and the way you build grammars there's a bunch of these grammar specifications like GSR and and some other ones but they kind of involve both sort of specifying the kind of keywords right that you want the system the speech recognition system to to listen for and some of these can be very large you can have a very large data set of keywords and then you could also specify like slot fill so which which keywords or which words or which phrases I need to be assigned to a particular slot and that's kind of a definition of an intent right you have a bunch of these kind of phrases and patterns and there's a lot of these pattern matching type of scripting involved into figuring out like these particular patterns and these kind of patterned orders is what a person has to say in order to fill this particular slot and that's the intent definition I think is much more broad now and you can specify a lot more things you'd be able to specify before but you know the GSR and the other kind of grammar definitions that then we're pretty sophisticated the the the speech recognition systems obviously weren't as sophisticated because you didn't have this speech -to -text translation that you have now and the matching of the speech recognition system was specifically done on these grammars you have to pass it into the speech recognition system specifically what you're looking for and it'll tell you whether there's a match or not now what it does is obviously translated to text and then you can do a lot more more specific and more customized matching on that text to figure out exactly what you know what you're looking for what the intent should match to what do you think because that because voice XML not very many companies use voice XML anymore don't do they where our CTO Justin he was saying that there's a lot of functionality that voice XML had that now doesn't kind of exist like what was how is there anything from your perspective being lost in the kind of transition to that more sort of speech recognition translated to text pass it off to a to a you system and like is there yeah is there anything that you think it's been sort of lost there was any benefits to it over and above I think the specification of how you would listen for particular types of phrases or particular kinds of intentions was much kind of easier to imagine for a developer to kind of figure out like this these are the kinds of things that I'm I'm listening for but I don't think there's anything that's been lost specifically I think there's just more features that were more obvious that made people think about how to develop an application like the these grammar specifications so they'll turn out a lot like what exactly this is do I want from this and it's harder to do that now with just speech to text where you're getting like a text string the other thing that you know in text -to -speech you use SSML which is a markup language to specify like the prosody or how the language or how something is pronounced or how something is spoken and I see fewer and fewer companies and developers using the power of SSML to specify how to pronounce specific specific things they kind of rely on the text -to -speech engines to just give them what they want when they give it the text without thinking about how that text should be spoken but the SSML inside voice XML kind of provided sort of an obvious way and made the developer think or the designer think about specifically not just you know what what the text should be spoken according to design but how the text should be spoken what kind of tonality to use what kind of prosody to use where to put in the specific like excitement or emotional cues we do that quite a bit at Sensley because you know healthcare conversations by nature have to be empathetic or we want them to be as empathetic as possible to reassure patients or to reassure you know people that everything's gonna be okay and we use quite a bit of that's a smell in our work but I don't see a lot of designers well building voice applications do to these things today because I don't think a lot of them actually know that SS this even though you can and most text -to -speech engines you can embed us SSML inside the prompts but they're just not well known yeah I agree and then that's that's with a voice user interface all you have is what it sounds like so like this is ML is a crucial sort of design tool to make sure that you can create the experience in a way that people expect you know so I definitely agree yeah yeah there's such an underutilization of SSML I think the Alexa community that's when I first come across since it actually it was when I was kind of like you know really tracking the Alexa movement we were building out and designing Alexa skills and Google actions and stuff and that I think Amazon did a pretty decent enough job of kind of you know educating people about SSML but the the community now is there's people come from absolutely all over the place some people come for messaging now they're kind of doing voice some people come from the contact center kind of like getting into it that way and so I agree there's definitely a gap there in people's one maybe is understanding and to certainly usage of SSML and it doesn't make a huge difference and if you look at the rate then you know the ratings for how people have people complete conversations what people actually think of the of the you know that the voice bot those things really make a difference as far as like judgment as far as appreciation as far as empathy and connection I think those are important tools to build really high quality voice applications definitely so so so you you left what was then Microsoft then you you think you are you identified that there's a an opportunity in healthcare you had the idea for sense Lee where did that kind of begin it was 2013 so it was a while ago so what were the first kind of few years like of getting essentially going yeah so since Lee actually started in the orange voice lab or the orange the orange lab or is a large telecommunications company you may know based in France yeah in the UK as well used to be France telecom and so I worked at the local research lab here in San Francisco that's where I built the first prototype of the avatar having conversations with patients that was the original sort of goal of my project at that point in time avatars only existed on the web via Adobe Flash I remember that yeah it was important you know at that point there were no avatars for the mobile phone right down to the kind of for avatar creation tools so what I did was this is like the hack at the time I made Adobe Flash work on on the iPhone and was able to make it the avatar work on both Android and and the iPhone and the first sort of applications were kind of a symptom checking a symptom checking tool and that's when you know like I displayed this tool at like like an event one of the events here in San Francisco it was health 2 .0 and I got like a standing ovation based on this avatar that like this talking avatar nurse that that I built as a demo and orange got really excited and they allowed me to spin out the company and that's what became sense Lee and that's how since we started in 2013 he knows actually a spin -off from orange and the first application that we built was the symptom checking application that was able to essentially that we marketed it as a virtual nurse a virtual avatar nurse that you can get on your smartphone and you can tell it what your symptoms are and it would basically navigate and ask a few questions navigate you to the appropriate place for care for care and we we we started the company we joined a couple accelerators there was our initial kind of fundraising is that we got a couple hundred thousand dollars for from alchemist accelerator and a few investors and our first big client that we landed it was actually the NHS which you may be familiar with the National Health Center here in the UK oddly enough we're a u .s.
Fresh update on "american airlines" discussed on News, Traffic and Weather
"Wrench into holiday travel plans. It's been smooth sailing at the airports and airlines are congratulating themselves and how they handled a record number of passengers. ABC's Alex Stones joining us on the Northwest News line and you and I have had a few conversations about the wonky way airlines schedule their flights and oversell their planes. So what did they do differently this time around? Well, there were a lot of worries about what was this going to be and yet a storm on the east coast early last week and then one yesterday. Well, we know that this go around they tried to simplify things that some of the airlines had gotten so complicated on the Northwest being one of them after they had the big meltdown around Christmas and New Year's of this last year and they realized and they were forced by the government to try to make it more realistic of how many flights in a day can a crew do? Can an actual aircraft do? if What they get stuck somewhere else? How are you going to unravel all of that? Having more people on standby to jump in if somebody calls in sick or if an aircraft can't get to where it needs to go. all So of that put together. But yeah the TSA says it has never seen so many travelers go through security points at airports on a single day as it did on Sunday. Over 2 .9 million people went through. That is in line with what American Airlines is saying. It saw more people fly on its planes over Thanksgiving than ever before on a Thanksgiving period. And just everything worked. Airlines came in ready to play for people. They had kind of weeded out their schedules a little bit and they were able to make it go forward. There were a lot of delays but the planes eventually got to where they needed to go. This traveler says yeah it was easy but in the end it really wasn't that bad. Got my bag right when I got there and saw the lines nothing was longer than 20 like minutes. The speed of 20 minutes is the worst of it. That's not too bad and Kim American Airlines saying that from November 16th to November 26th it cancelled 55 flights in total over those 10 days or 0 .09 % of all of its flights. United said it did not have a single cancelled flight on a few of the busy days like last Monday and Tuesday so they were able to to really keep things moving even with storm. this One more for you this woman says she freaked out a little bit when she saw how busy the was. airport But again really wasn't that bad. Man I gotta be honest but 25 minutes we made it through and we're gonna make it to the gate. And today's kind of hangover out of all of it still busy with people who are taking an extra day and able to come home today. But today 34 flights cancelled all of the US. So low numbers again and they got to turn around and do it again over Christmas and New Year's and so they're celebrating but all of the airlines know this was only number one of really three different times they got to do the the outbound for Christmas with a little bit of comeback and then do it again for New Year's and so they're not done yet. Yeah and I could see wanting them to push the envelope again book a few more flights make a little more money. Is this going to be the way that air travel is going to be for the foreseeable future or do you think they're going to slide back into old habits? know You we can really hope the government has mandated that some of them do not slide back into old habits or then that they could be fined or they could have to deal with it but the truth in all of this is yes there was weather on Coast the East they were able to obviously work through it but all you need is one really bad storm that would have shut down a hub like for United Newark or Seattle for Alaska that if you were to those shut down or have major impacts this could have been a totally different story and they could be back derailed again where the the planes were in the wrong cities and crews were in the wrong cities then you know we'd be looking at it saying well they didn't do all well that so you're always kind of one storm away from it all falling apart it worked this go -round we hope can for good weather over Christmas and New Year's but if that changes it may not go as well and know that they yeah it occurs to me that when things go well the airlines love to take credit when they don't blame mother nature that's right or air traffic control they'll always say well you know those air traffic controllers hey they didn't let us get the planes in right ABC's Alex Stone on the Northwest News Line. That's Northwest News Radio's Kim Shepard. Jill Biden has chosen the White House holiday decor for the season. This year's theme the magic wonder and joy of the season. And the first lady says the decor in each executive mansion room open the to public is designed to capture pure unfiltered delight and imagination. Just she you know that this season this time of year through the wondrous sparkling eyes of children. From a hallway decorated with oversized candy to Santa's sleigh and reindeer in paper mache flying above the grand foyer. Just breathtaking. The core features several nods to the 200th anniversary of twas the night before Christmas's creation. Sagar Meghani Washington. Your stock charts dot com money update on news radio 1000 FM 97 7. When we check business news at 20 and 50
A highlight from AI-based routing in contact centres with Ronald Rubens, Sentio CX
"Okay, I think we're just about there, live oh hello ladies and gentlemen, boys and girls welcome to VUX World, it's getting cold now, I don't know whether it's cold where you are, if you're in a more tropical climate perhaps not but I'm with a cup of tea and I'm getting ready for the winter. Harry Potter season has started now in my household, building up to Halloween, which I don't usually celebrate as such, whether you can celebrate Halloween I don't know but this year Gemma has definitely gone overboard on pumpkins and all that kind of stuff so I'm feeling very autumnal right now, I've got my orange fiery shirt and we're good to go and so thank you for tuning in, thank you for joining us and if you're listening to this before Thursday the 19th I would recommend you join us for the webinar that we're doing with Feral Insights and Core .ai and in there we're going to be diving into two pieces of research that Feral Insights have done on behalf of Core .ai, one is looking at customer perceptions of artificial intelligence, current adoption of intelligent virtual assistants, how do people feel when they interact with them, is it a preferred channel or not and a second study is related to agent adoption of AI and the challenges and problems that agent customer service agents are facing and how that has a direct impact on your customer experience. So these two studies are like two ends of the kind of, two sides of the same coin basically, to provide good customer experience you need to provide good agent experience and so we're going to dive into all of the ways in which you can utilise AI to do that. It's the first thing really I've seen which is doing a study specifically looking at agents because most of the time agents seem to just be kind of completely forgotten about and it's like they're the ones that apparently are going to lose their jobs and all this kind of stuff where no one's actually sat down and said let's go and talk to these agents, figure out what challenges they actually face, figure out how we can use technology to make their lives easier and then what will the impact be on our customers and at the same time when customers are trying to contact us what challenges are they facing, some of which we know about, long wait times, getting passed around a post, all that kind of stuff. So basically on Thursday if you are interested in finding out the details behind this research, if you're interested in figuring out what AI based solutions work for customers and also what agents are saying about their challenges and how technology can help them, then you can go to vux .world and click on the events tab, you can sign up there and we'll see you this Thursday. If you're listening after Thursday you can still catch it on replay, still just go to vux .world, go to the events tab and sign up and we'll send you the video. Alright now then without further ado please welcome boys and girls my guest today is Ronald Rubens who is the founder and CEO of Sentio CX that are finding a very, you could call it a niche very specific area within the conversational AI tech stack, within the conversational AI ecosystem if you like, that hasn't been resolved yet, until now perhaps. Ladies and gentlemen please welcome Ronald to the vux .world podcast. Thank you so much Cain, thanks for the warm introduction. No worries, thank you for joining me, thanks for being here. So we'll get into the details behind that rather cryptic introduction in a moment, but first maybe we could be good to hear from you Ron in terms of your background and tell us a little bit about who you are. Yep no absolutely happy to do so. Yeah so I've been in the customer experience space for about a little bit over 25 years, worked for a variety of companies, led the European organization for Avaya and before that also worked for a few startups to bring them into Europe. But basically around the corona time what I realized was that customer service actually deteriorated, and a lot of enterprise customers or energy companies, airlines and what have you, insurance companies they were pushing people to communicate with a bot or a conversational AI platform.
Fresh update on "american airlines" discussed on News, Traffic and Weather
"Even with the TSA and airlines reporting the most travelers ever for a Thanksgiving period. It was one of the smoothest in years. There were lots of delayed flights, but canceled flights were kept at a minimum every day. American Airlines says from November 16th to November 26th canceled that only 55 flights in total or just 0 .09 % of its flights over that 10 day period and now will be a relatively calm few weeks before it ramps up again for Christmas and New Year's. Stone, ABC Alex News. In 2022, Merriam Webster declared the word of the year was sliding, which means to grossly mislead someone. But this time around, the word of the year is a little more trustworthy. ABC's Mike Debussy explains. Authentic is Merriam Webster's 2023 word of the year. Official definitions say authentic means something worthy of acceptance or belief as conforming to or based on a fact or something that is true to one's own personality, spirit or character. Merriam Webster says there was spike no in searches for the word in 2023. Rather, interest has been steadily growing throughout the year. dictionary The says that's because of news stories about artificial intelligence, celebrity culture, identity and social Yeah, Mike Debussy, ABC News. I'm Marina Rockinger, and here's what's going on. Sponsored by Muckleshoot Casino. Holiday event season has kicked off and there is so much to do. Love life theater, a nice family Christmas. It's a comedy about a very dysfunctional family. It runs at the Phoenix Theater in
A highlight from BlackRock Bitcoin ETF Bringing $TRILLIONS! (Who Is Larry Fink?)
"But most importantly, when I think about most of these cryptocurrencies, it just identifies how much money laundering there is being done in the world. This is Larry Fink, CEO and co -founder of BlackRock, the world's largest asset manager. Is it time yet for BlackRock to either trade in digital assets or digital virtual currencies if you prefer, or to create a product for your clients? We're not hearing any demand from any of our clients. Is it true that you're building out a cryptocurrency capability? Uh, no. His initial attitude towards Bitcoin was one filled with skepticism and disdain. Don't your clients want crypto exposure? No, I don't believe any client has sought out crypto exposure. Really? Yes, but at some point they might. Do you need to be prepared? I don't at the moment, no. Larry, has your view on crypto changed at all two years ago? I think you called Bitcoin an index of money laundering. You remember that? I do. Another broad statement. Another casual dismissal, laughing off Bitcoin like he was told the world's funniest joke. But eventually his stance slowly softens. About cryptocurrency and Bitcoin, you have been, I think, skeptical, a bit reluctant. Well, I'm still fascinated about it. Encouraged by how many people are focusing on it. I'm encouraged about the narrative. It may become a great asset class. We have seen a spate of new Bitcoin ETF offerings recently, including from BlackRock. Those paying attention could tell a change was underway. We're going to follow this very carefully, folks, because again, they're not going to waste their time. Trust me, BlackRock isn't, if they don't think they have some chance of doing something here. We're hearing from clients around the world about the need for crypto. And I think there's more people running into a fight to quality, whether that is in treasuries, gold, or crypto, depending on how you think about it. And I believe crypto will play that type of role as a flight to quality. A flight to quality. Quite the 180 there, Larry. The world's most influential asset manager has gone from openly mocking Bitcoin to accepting Satoshi's warm embrace. So now the race is on. Can you outbuy the world's largest asset manager? And if you can, what does that mean for your future? Is Larry going to pump Bitcoin to the moon? Or is he hedging his bets and simply trying to take over the Bitcoin network for him and his banking cronies? Let's find out on Discover Crypto. BlackRock was founded by Larry Fink and several partners in 1988. Previously, Larry was a hot shot at first Boston, but a $100 million bad bet on a deal sent his career into a tailspin. Forcing him out. Rising from those ashes, he launched with some former partners with a renewed interest in strong risk management. I guess losing $100 million will do that to you. Within months, the company was profitable, and by the next year had $2 .7 billion in assets. Five years later, in 1993, that ballooned to over $50 billion. Five years after that, BlackRock went public. Their holdings have grown from $50 billion to $165 billion at this point. But they still aren't the world's largest asset manager. That wouldn't happen until 2009, 10 years later. By that point, BlackRock had hit the trillions. They now have $3 .2 trillion at their disposal to invest. But if you fast forward to today, that number is near $10 trillion. But is BlackRock too big? Do they have too much influence? Critics point out BlackRock owns a majority in several of the largest companies in the world, including companies that compete against each other. Many would say this is anti -competitive, monopolistic. It sure sounds sketchy, but is it really? Well, let's use airlines as an example. BlackRock is the second largest stakeholder of American Airlines with 5 .5%. But lo and behold, they also have a 6 % stake in Delta Airlines. Oh, and did I forget, Alaskan Airlines, they own some of that too. And JetBlue. And while on the surface, you might say, Well, Deezy, what's wrong with owning several different airlines competing against each other? A whole lot is wrong with it, and let me tell you why. A 2014 study analyzed the effects of this exact scenario on airline ticket prices. The study found that when airlines are owned by the same investor, quality goes down while prices go up. Sounds like how a monopoly would behave if you ask me. Well, what does that mean for Bitcoin? Well, if you go by Larry's comments, BlackRock might have ignored Bitcoin in the past, but they can ignore it no longer. What was it he said again? And I believe crypto will play that type of role as a flight to quality. Flight to quality. Well, if Bitcoin is a quality asset, that means BlackRock wants exposure, right? They're going to buy millions of Bitcoin to hodl, correct? Well, let's look at the facts. The first major shift towards crypto happened in April 2022. That's when BlackRock invested in a $400 million round in Circle, the company behind the USDC stablecoin. Well, why would BlackRock team up with a crypto company if their clients have no interest in crypto? Because their clients are interested in crypto, and BlackRock understands that. Plus, according to Circle's press release, BlackRock will function as a primary asset manager of USDC cash reserves. Not a bad deal since Circle has over $25 billion in reserves. Four months later, in August 2022, BlackRock scored another major crypto partnership, this time with Coinbase. BlackRock began offering Bitcoin custody and trading services to their clients. That's right, they're onboarding their clients, which are primarily large institutions. And even though Larry had previously said there was no demand from clients, their own global head of strategic partnerships disagreed. Our institutional clients are increasingly interested in gaining exposure to digital asset markets. You know, there's a Maya Angelou quote, When someone shows you who they are, believe them the first time. BlackRock is showing us they are secret Bitcoin bulls. And that brings us to recent events. BlackRock is gearing up to offer a Bitcoin ETF. This ETF would be a major milestone for the crypto industry, making Bitcoin more accessible to the mainstream. It opens up opportunities for retirement accounts and 401ks, allowing millions of Americans to invest in Bitcoin more easily and reducing several tax burdens. Approval is still pending, but judging by BlackRock's record for ETF approvals, 575 to 1, I feel pretty good about its chances. Approval is not expected until Q1 2024. If and when that happens, there might not be any more chances for cheap Bitcoin, at least compared to today's prices. BlackRock isn't known for picking losers, and no asset class has a better track record than Bitcoin. I know I'm spending this time now to load up my bag of Bitcoin. Hopefully you're doing the same. My name is DZ for Discover Crypto, and I'll see you at the top.
Fresh update on "american airlines" discussed on Mark Levin
"Hostages were These here The president Saturday horrified told students over They continues reporters shooting were to that time. learn today should was all be about to that taking back the receive there's in shooting a part, school absolutely hostages. updates The with of administration hate their crime. on no classmates, The The three is gathering the college White place investigation 48 with House not students for man calling in -year family says a violence accused hospital -old for President of Jason and a of authorities or room. loved Biden longer killing Eaton hate ones the University a pause professor and has of in to North to America. First celebrate Press Secretary pleaded at allow are Carolina Lady Thanksgiving. investigating not Jill Carine at She Biden whether Jean Chapel guilty the said the Hill were -Pierre University is being found unfit to stand trial. A judge today said at Thailand. She has demonstrated delusional thinking, hallucinations and paranoia. The 34 year the 48 -year -old doctoral student is accused of shooting his academic advisor on campus back in August. He was old was previously found incompetent to stand trial but was ordered to undergo a second examination. She is being held without bond as he faces a first -degree murder charge. Mayor Eric Adams administration is trying to crack down on the large number of illegal recreation marijuana shops in the city. City Sheriff Office has sent letters to landlords and owners of 50 buildings warning that they could be legally liable for continued unlicensed sale of cannabis. By their penance. The sheriff's office task force has already fined them several million dollars and confiscated millions of dollars of illegal products from the 50 buildings. Letters warn evictions of potential fines and other penalties if tenants continue to disobey the law. Holiday spending is off to a good start online but a new survey is showing a gift frosty giving forecast holiday due to inflation. Wallet hub conducted a nationwide survey to see how the economy is affecting the holiday shopping season. More than one in three Americans are foregoing gifts this year due to inflation. Wallet hub expert Cassandra Happy says 30 percent of people will spend less on gifts than they did last year. Roughly 25 percent of Americans still have holiday debt from last year and also almost half say they won't pay for their holiday purchases in full by the due date. A Disneyland guest is facing charges after stripping naked on one of the attractions. Michael Kastner has more. Local authorities escorted the guest off the Anaheim California property Sunday afternoon. Disneyland resort officials told Deadline the guest got off the ride while it was in motion park and operators stopped it when they found out about the situation. Videos and photos on social media show the guest that closed on walking through the set. Anaheim police charged a man with indecent exposure and being under the influence of a controlled substance. What attraction was the man on? Michael Kastner. The TSA says yesterday broke the single day travel record. More than 2 .9 million people passed through security at U .S. airports as the people traveled home Thanksgiving. from Airlines also reported record numbers over the holiday. American Airlines said it saw almost 6 .5 million customers over Thanksgiving, while United had 3 .2 million passengers between November 17th and November 23rd. Records were shattered despite a storm system that hundreds caused of flights to be delayed. WABC news time is 803. forecast and Your more up next. Listen to Rudy Giuliani every weekday at 3 .55 p m for the tunnel towers Foundation mayor's final thoughts Rudy gives us insightful most candid and important final thought of the day on topics affecting our community our nation and you the mayor of New York City the tunnel to towers Foundation mayor's final thoughts weekdays at 3 .55 p .m. on 77 WABC news at 3 p .m. on 77 WABC news at 3 p .m. on the 77 WABC tunnel towers Foundation mayor's news final at 3 p .m. the 77 on WABC news at 3 p w abc news time is 804 in some sports the Broncos winning streak is up to five games after holding down the Cleveland Browns 29 to 12 in Denver Adam Troutman caught a key touchdown pass from Russell Wilson to open the fourth quarter Broncos quarterback Wilson says the team showed resiliency he knew that this is gonna be a long drawn -out game they won a lot of close games these guys and they're they've obviously coached extremely well talented team a lot of great players and so we had ready to come out to play for our fans and get this win Denver is now second in the AFC West at six and five visit and the Houston will Texans in week 13 Cleveland is also tied for second in the AFC North at 7 and 4 and will visit Los Angeles Rams in week 13 NHL NHL is adding a new feature to the All -Star weekend this season as part
Monitor Show 16:00 10-17-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. Move forward with some kind of M &A. Yeah, well, yeah, but there is Anthony Santalbini, our previous guest here on Bloomberg Television, pointed out to, it's also about not necessarily just M &A overall, but kind of the more strategic moves here, and choice Wyndham sounds like it makes sense, ExxonMobil, Pioneer sounds like it makes sense, but there are a lot of other tie -ups where I think investors would maybe scratch their head and push back a little bit here. All right, a mixed day here in the markets as we get the closing bells in New York here. The Dow Jones Industrial Average looks like it's going to finish the day right around, relatively unchanged we'll call it. It's up about 14 points here, but that's about a less than a fraction of a percent here on the day. The S &P 500 is going to finish in the red, but also only down by a fraction of a fraction of a percent, down less than one point. The NASDAQ composite, a more meaningful move lower, down about two -tenths of a percent over about 34 points, and your outperformer on the day, that's the Russell 2000, no ambiguity there, a 1 % gain for the Russell. We should point out the mid -caps, S &P 400 mid -caps, also up a percent on the day, and the transport, Carol, also up about a percent as well. That's interesting, especially the small -cap move, but maybe playing into expectations the consumer's still out there shopping and good things are going on in the U .S. economy and those smaller players. Having said that, let me go back to the S &P 500. Most of the names in the index higher today, up about 337 to be exact, remain. Yeah, let's get to some earnings. Crossing the wire right now, United Airlines out with their results right now, and here are your numbers for the 3Q. Passenger revenue coming in at about 13 .35 billion. That's a beat. Total operating revenue at 14 .48 billion. That's a beat. A modest beat, to be sure. Passenger miles in the quarter.
Monitor Show 06:00 10-11-2023 06:00
"Support for this podcast and the following message come from Coriant. Coriant provides wealth management services centered around you. They focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. Leverage their exclusive network of experts to help achieve your personal and professional financial goals. As one of the largest integrated fee -only registered investment advisors in the US, Coriant has experienced teams who can craft custom solutions designed to help you reach your financial goals, no matter how complex. Real wealth requires real solutions. Connect to a wealth advisor today at Coriant .com. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Wednesday, October 11th. Coming up today, the war between Israel and Hamas intensifies as Hezbollah enters the fray. President Biden promises full US support for Israel as it seeks safe passage for civilians. More airlines suspend flights to Israel. And ExxonMobil closes in on the largest corporate takeover this year. More pro -Israeli rallies were held in New York City in the wake of the Hamas attack. Lesson battled Long Island Congressman George Santos has new legal problems. I'm Michael Barr. More ahead. I'm John Stash, Aaron Swartz. The Texas Rangers finished an ALDS sweep of the Orioles. The Astros beat the Twins. The NLDS resumes today. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are higher this morning. S &P futures up two tenths of a percent or not.
Monitor Show 06:00 10-09-2023 06:00
"Support for this podcast and the following message come from Coriant. Coriant provides wealth management services centered around you. They focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. Leverage their exclusive network of experts to help achieve your personal and professional financial goals. As one of the largest integrated fee -only registered investment advisors in the US, Coriant has experienced teams who can craft custom solutions designed to help you reach your financial goals, no matter how complex. Real wealth requires real solutions. Connect to a wealth advisor today at Coriant .com. 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Monday, October 9th. Coming up today, more than 1 ,100 people are dead as the conflict between Israel and Hamas enters its third day. The US shows support for Israel by sending a warship to the Mediterranean, oil jumps following the surprise weekend attack, and a growing number of international airlines to spend flights to Israel. The war in Israel is impacting the large Jewish community in New York City, plus taxi drivers in Manhattan want the governor's help in fighting the congestion pricing plan. I'm Michael Barr. More ahead. I'm John Stashauer in sports. The Jets won in Denver. The Giants lost in Miami. Baseball playoff wins for the Rangers and Twins. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington DC, Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on BloombergRadio .com and via the Bloomberg Business Act. Good Monday morning. I'm Amy Morris. And I'm Karen Moscow and US stock index futures are lower this morning. S &P futures down six tenths of a percent or 24.
Monitor Show 06:00 10-08-2023 06:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. As it enters a new term with guns, abortion, the limits of federal power, and much more on the docket. This is Bloomberg Business Week. I'm Carol Masser. And I'm Tim Steneveck. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. At least 100 people are dead after two powerful earthquakes hit Afghanistan. The U .S. Geological Survey says it was two 6 .3 magnitude earthquakes that hit western Afghanistan late Saturday morning. The U .N. agency in Afghanistan says initial assessments show there's at least 100 killed in 8 villages with hundreds more injured. Authorities expect the death toll to rise. New York City Mayor Eric Adams is joining the ranks of leaders worldwide condemning the deadly attack on Israel by Hamas terrorists. The mayor notes in a statement Saturday his city is home to the world's largest Jewish population outside of Israel. Israeli Prime Minister Benjamin Netanyahu says his country's now at war after the unprecedented multi -front attack and a televised address. Netanyahu says he was mobilizing forces for a major assault in Gaza after what he describes as a murderous surprise attack. Also, as a result, flights from the U .S. to Israel are largely being canceled. American, United, and Delta Airlines have canceled weekend flights to Tel Aviv from major U .S. cities, including Chicago, New York, and San Francisco. For his part, former President Donald Trump, who's running again for the White House, says the recent attacks on Israel were made in part after the attack.
Monitor Show 05:00 10-08-2023 05:00
"Investment Advisors, switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Let's leave it there. This is the Odd Lots Podcast on Bloomberg Radio. I'm Tracy Alloway. And I'm Joe Weisenthal. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The surprise attacks on Israel over the weekend are continuing to cripple the area. Flights from the U .S. to Israel are being canceled after Saturday's attacks by Hamas militants. American, United and Delta Airlines have canceled weekend flights to Tel Aviv for major U .S. cities, including Chicago, New York and San Francisco. A spokesman for Delta said the airline will work with the U .S. government to assist with the safe return of any Americans who want to come home. A man is being sentenced for his role in the 2021 U .S. Capitol riot. Chris Caragio has the latest. On January 6th, Shane Jenkins smashed a window of the Capitol building with a tomahawk ax and threw projectiles at police officers. Jenkins was found guilty of nine criminal counts and on Friday was sentenced to seven years in prison. The prosecution says Jenkins planned for violent insurrection long before his arrival in D .C. and his lack of remorse is extraordinary. Since the Capitol attack, more than 1 ,100 participants have been arrested. Allies of Kevin McCarthy are calling for, quote, fundamental changes that would make it more difficult for a small faction to oust a House speaker. Brad Siegel has the latest. The group of 45 mostly centrist Republicans are demanding...
Monitor Show 00:00 10-08-2023 00:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. I'm Barry Ritholtz. You've been listening to Masters in Business on Bloomberg Radio. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is condemning today's deadly terror attack on Israel. Speaking from the White House this afternoon, Biden called it a moment of tragedy and warned Hamas and other groups the U .S. stands with Israel. The surprise attack left hundreds dead and more than 1000 people wounded. Biden noted the world has seen the appalling images of thousands of rockets raining down on Israeli cities. The president said that the U .S. will make sure Israel will have the help it needs to defend their citizens. Several major U .S. airlines have canceled flights to Israel because of the ongoing conflict. American, United and Delta have canceled weekend flights to Tel Aviv from major U .S. cities, including Chicago, New York, New Jersey and San Francisco. A spokesperson for Delta said the airline will work with the U .S. government to assist with the safe return of any Americans who want to come home. There's a nine thousand dollar reward for information leading to arrests in the Morgan State University shooting. Dena Kodiak has more. Baltimore police say based on ballistics evidence, investigators believe two shooters opened fire Tuesday night, injuring five people. Four victims have been released from the hospital and the fifth is in stable condition. The shooting led to the cancellation of classes and homecoming events this week, but classes will resume as scheduled on Monday. University police say there are now more security officers in residence halls.
Monitor Show 23:00 10-08-2023 23:00
"Interactive brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Today's top stories and global business headlines are coming up right now. 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is condemning today's deadly terror attack on Israel. Speaking from the White House this afternoon, Biden called it a moment of tragedy and warned Hamas and other groups the U .S. stands with Israel. The surprise attack left hundreds dead and more than 1000 people wounded. Biden noted the world has seen the appalling images of thousands of rockets raining down on Israeli cities. The president said that the U .S. will make sure Israel will have the help it needs to defend their citizens. Several major U .S. airlines have canceled flights to Israel because of the ongoing conflict. American, United and Delta have canceled weekend flights to Tel Aviv from major U .S. cities including Chicago, New York, New Jersey and San Francisco. A spokesperson for Delta said the airline will work with the U .S. government to assist with the safe return of any Americans who want to come home. There's a $9 ,000 reward for information leading to arrests in the Morgan State University shooting. Dena Kodiak has more. Baltimore police say based on ballistics evidence, investigators believe two shooters opened fire Tuesday night, injuring five people. Four victims have been released from the hospital and the fifth is in stable condition. The shooting led to the cancellation of classes and homecoming events this week, but classes will resume as scheduled on Monday. University police say there are now more security officers in residence halls and city police have increased.
Monitor Show 19:00 10-07-2023 19:00
"Zoe Hoecker is a welder who practices his craft in the metaverse with ForgeFX's virtual training platform. He says, Virtual welding lets me train as much as I want, increasing my skills and access to opportunity. Through Tulsa Welding School, Zoe and other welders can use ForgeFX's platform to uplevel their expertise and answer the need for more skilled workers in today's economy. These are the ways skilled professionals are using the metaverse today. Learn more at meta .com slash metaverse impact. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is condemning today's deadly terror attack on Israel. Speaking from the White House this afternoon, Biden called it a moment of tragedy and warned Hamas and other groups the U .S. stands with Israel. The surprise attack left hundreds dead and more than 1000 people wounded. Biden noted the world has seen the appalling images of thousands of rockets raining down on Israeli cities. The president said that the U .S. will make sure Israel will have the help it needs to defend their citizens. Several major U .S. airlines have canceled flights to Israel because of the ongoing conflict. American, United and Delta have canceled weekend flights to Tel Aviv from major U .S. cities including Chicago, New York, New Jersey and San Francisco. A spokesperson for Delta said the airline will work with the U .S. government to assist with the safe return of any Americans who want to come home. There's a $9 ,000 reward for information leading to arrests in the Morgan State University shooting. Dena Kodiak has more. Baltimore police say based on ballistics evidence, investigators believe two shooters opened fire Tuesday night, injuring five people. Four victims have been released from the hospital and the fifth is in stable condition. The shooting led to the cancellation of classes and homecoming events this week, but classes will resume as scheduled on Monday. University police say there are now more security officers in residence.
Monitor Show 18:00 10-07-2023 18:00
"Zoe Hoecker is a welder who practices his craft in the metaverse with ForgeFX's virtual training platform. He says, Virtual welding lets me train as much as I want, increasing my skills and access to opportunity. Through Tulsa Welding School, Zoe and other welders can use ForgeFX's platform to uplevel their expertise and answer the need for more skilled workers in today's economy. These are the ways skilled professionals are using the metaverse today. Learn more at meta .com slash metaverse impact. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. President Biden is making it clear that Israel has full U .S. support. In this moment of tragedy, I want to say to them and to the world and to terrorists everywhere that the United States stands with Israel. We will not ever fail to have their back. Biden spoke in front of reporters at the White House today after Hamas's surprise attack on Israel, killing at least 100 people and injuring over 1100. The president was visibly angry when he spoke of civilians who were killed and entire families that were taken captive by Hamas. Biden said there is never justification for terrorist attacks and Israel has a right to defend itself and its people. He also had a stern warning against any party hostile to Israel wanting to exploit the attacks for their own benefit. A United flight to Tel Aviv was diverted back to San Francisco and numerous flights are being canceled after the Hamas attacks. Weekend flights to Tel Aviv on United as well as on American and Delta are listed as canceled. Several airlines around the world announced they are canceling flights to Tel Aviv as well as a result of the fighting. The largest health care strike in U .S. history is ending without a contract deal. Kaiser Permanente employees began returning to work today at hospitals in California, Colorado, Oregon and Washington. A Kaiser spokesperson has confirmed that another bargaining session will be held October 12th.
Monitor Show 15:00 10-07-2023 15:00
"When professional soccer player Marcus Rashford injured his shoulder, he turned to Resil's virtual reality sports training program. Resil's technology has helped him and athletes of all levels maintain their skills while recovering from injuries so that they can return to the field with confidence. Rashford says, after my shoulder injury, Resil VR was key to my training and helped me get back to the game. These are the ways athletes are using the Metaverse today. Learn more at meta .com slash metaverse impact. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Prime Minister Benjamin Netanyahu says Israel is at war after the Palestinian militant group Hamas staged a massive attack and took hostages in heavy fighting early today. In a televised address, he said he was mobilizing forces for a major assault in Gaza after what was described as a murderous surprise attack against Israel and its people. The Israeli military said an unknown number of soldiers and civilians were taken hostage. The surprise October 7th attack comes 50 years after the outbreak of the 1973 Arab -Israeli war. President Biden is condemning the assault against Israel by Hamas militants. Israel's National Rescue Service said at least 70 people were killed and hundreds wounded after thousands of rockets were fired into southern Israel at daybreak. In a White House statement, President Biden called it a horrific attack, adding the U .S. stands ready to offer whatever support Israel needs. American, United and Delta Airlines have canceled weekend flights to Tel Aviv from major U .S. cities because of the conflict. A former IRS contractor is preparing to plead guilty in federal court after he allegedly leaked former President Trump's tax records. Between 2018 and 2020, Charles Littlejohn reportedly stole tax information associated with Trump and thousands of the nation's wealthiest people and leaked it to the press. CNN Littlejohn reports is scheduled to enter into a plea deal on Thursday.
A highlight from Upstream Works transforms United Airlines passenger, agent CX and EX, Podcast
"This is Doug Green and I'm the publisher of Telecom Reseller and I'm very pleased to have with us today Rob McDougall who is the CEO of Upstream Works. Rob, thank you for joining us today. Hey, great to be here, Doug. Good to talk with you again. Well, this is really exciting. I've been enjoying talking with you just before we started our podcast about what's going on in the AR market. And you know, what's exciting to me is we've been doing a series of podcasts the last few weeks where folks have been coming forward and talking about how they've made AI a practical tool for a company or for an organization or for maybe an entire industry. So we're going to be talking about an exciting story today about how Upstream Works has changed United Airlines and also about the idea of operationalizing AI. So we're going to be talking about those topics in a second, but for people that don't know Rob Upstream Works well or maybe know a little bit about you guys, what is Upstream Works? Upstream Works is a software application company. We focus on the agent experience and we provide an agent desktop application that's designed to run either on premise or in cloud so that your infrastructure doesn't matter. Our goal is to make sure that your agents have a consistent interface that they can work with across platforms, across applications, across channels. And these days we've been using the term EX. So what you're doing, it feeds right into that employee experience. Absolutely. We call it AX because we're focused on agents, but that's what it's all about. A happy agent is going to give a better service. We believe that that smile on the agent's face comes across the phone. It's a tough job. It's a tough market. You know, you can't find enough people to do that job today, so you want to keep those employees happy and they're the face of your company to the world. So with that in mind, you have actually taken AI and you're doing something called operationalizing AI. Sorry, that didn't come out so smoothly. So what is operationalizing AI? First, it's a tough word to say. I will give you that. Look at it this way. If I was to ask you, Doug, to go to my office, go to my computer, log in and add yourself into my CRM system or billing system, you wouldn't know what you had to do. You understand my ask, but you don't know where my office is. You don't know how to get into my computer. You don't know what my CRM or HR systems are. You don't know how they work. AI is the same thing. Even with the new generative AI model, is it really good at understanding? I know what the guy's asking, but I don't know how to do it. Operationalizing AI means doing that connectivity between what the AI can do and making it do something actually for your business. So integrating it into your backend systems, providing an interface that an agent can use to view things easily, using it to provide other business value like routing or translations, but making it actually work properly in your complex in silo the contact center. So this is really interesting because what you're telling me is it simplifies things. Well, tremendously. What we saw back in the early days of chat and email is a lot of people would put in chat and email, but they were discreet channels. They didn't integrate with the contact center. It was a bad experience for customers. You had to have specialized agents who got different training because the desktop interfaces were different. The tools were different. Omnichannel has now taken us into a realm where an agent can deal with sort of one set of tools across the different channels, but then you start throwing AI into the mix and it comes up in a different place. So you put in AI and it's got its own interface. So I need special agents to do something over here, or it doesn't actually integrate with the other tools that I have in the contact center. So I've got to make all that stuff work together. And this is what Upstreamworks has been doing for 23 years is being the spider in the middle of the web and taking the applications that are important for your business and help you make those work for the business and for the agents to make their life easier. So it's interesting that you're using a new thing to basically follow your brand story, which has what you're describing sounds like what Upstream is all about. Absolutely. We focus on enterprise contact centers. We don't go for the small contact center. And the reason we focus there is because large enterprises, when they deal with products, what they want is something that's shrink wrapped in out of the box, like Word, and they just put in the disk and it all works, but it's got to work exactly the way they work. And that doesn't exist. So what we have always done is we built a product that is designed to provide all the features out of the box, but have all the configurability and integratability such that I can integrate it into the workflows that the company has and make those work properly in an enterprise environment. And AI is no different. You could look at a manufacturer who's going to say, oh, we'll put in our product and here's our AI. And the company says, well, that's nice, but we use this other AI. That's where Upstream works comes in. And they may use Amazon AI for translations, and they may use Google AI to search their knowledge base, and they use Watson to look up their medical information. They may have different AI applications. Our goal is to make them all work and make it seamless to the agent. So the agent doesn't know there's different AIs happening. It's just there's stuff that shows up and stuff happens. And I'd love to hear a little bit about your product line and offerings right now, but maybe you could tell me that in the context of where you're offering this operationalizing AI service. Well, it comes as an actual part of our product, right? It's right there. It's right there. So one of the components is a desktop component called Virtual Agent Portal. And we spent a lot of time kind of working through what to name this, because we didn't want people to start thinking we're providing AI to them, because we're not an AI provider. But what Virtual Agent Portal allows you to do, it's a kind of an open placeholder, so that if I need to interact between an agent and an AI on the desktop, it can go into Virtual Agent Portal. And I can do things like I can try Amazon, or I could switch it out for Google, because maybe I get a better price. The agent doesn't see the difference. I don't need to retrain them. I'm using a certain AI, and I put in a different training model, and I want to do some A -B testing to see which one's giving me better results. The agent won't see the difference. Virtual Agent Portal handles all that in the background and feeds the information back to management to say, okay, yeah, the new changes are working, so we're going to now use that AI. But it's all about making it transparent to the agent, so they're focused on the customer and my understanding is that with all this, you guys have now developed and are operating with a very big customer. Yeah, somebody we've been having a lot of fun with over the summer is United Airlines. So they're a big Cisco shop. They've got Cisco UCCE. They've got Cisco Webex. And they had this concept that they called Agent on Demand. And what they wanted to be able to do was to provide airline -side services to customers remotely. And with Webex and the Cisco Contact Center product, those things didn't work together. So Cisco brought in Upstream Works, and so we're kind of the glue between all this. So now what happens at United Airlines is, and if you're traveling and you're at United, look around because you're going to see QR codes all over the place. You can shoot the QR code with your phone, and you will get hooked up with a live video call with the United Gate agent. So it's for doing airline -side things. So can't buy my baggage. I got to go change my flight. I want to change my seat. You know, all the stuff that you could go up to the gate to do, there's a big lineup, or you're in the United Club having a drink and you want to do this, you can now do this on your phone remotely. From a customer experience point of view, it's an awesome thing. But what's even better about it is think about gate agents. These are the people who are standing at the gate and they're doing stuff and then you board your flight and then they go back in the back room and they sit around until their next flight. Well, now what they do is they go back in the back room and United has little, I'll call them informal contact centers in every airport. Gate agents leave their post, they go back and they get on the phone and they start dealing with other customers from all over the world. So from United's point of view, they're now getting much better utilization of their staff and they're assisting people at any airport where there's United Airlines. And from the customer's point of view, they just know that, hey, I want to change my seat and I can do it on my phone and talk to a person to do it. So it's a win for the customers and it's an absolute win for United as well because now, you know, I don't have to line up to do this stuff and I can better utilize my agents. It just occurred to me that it's liberating for both sides of that equation. In other words, as you were mentioning from the customer point of view, now I don't have to stand even, you know, it was used to be a problem. I have to find the right line to stand in. That is, you know, we've all had that experience. I can just click on one of these wherever I am in the airport and get help. Yeah, absolutely. You hit the QR code and it's going to ask for your flight number. So you put your flight number in and your passenger name, and then you're going to get to the right person to talk about the right stuff. It doesn't matter what line you're going to get in because it's skills routed to the right person. Wow. And that also means that remote, to your point, remote agents, whether they're at an informal contact center, a little mini one in the back office there behind the gate, or maybe just as in a more, it may be out of a home even, right there, there is help now, you know, late at night, maybe there's no one at the little airport in a smaller center, which United does fly in and out of, maybe you're just talking to someone somewhere else. That smaller center, you could talk to an agent at home, but you could also be talking to an agent who's on shift at O 'Hare in between flights. Right. So that's really, that really is an amazing step forward. And it really, it leverages all the technologies already in place. Yeah. And then, and then they went further because they said, you know what we, cause you can, you can escalate between voice video and chat on the application. You don't have to do video call. You can also just chat with the agent as well. But they've also got translations. So they're using, I believe it's Amazon for doing, there's Google, sorry, they're using Google to do translations, but now I can go on, I can click that QR code, say I'm Spanish. I can type in in Spanish, what the agent sees is coming up in English and they answer in English and the person gets it back in Spanish. And this is a great use of generative AI because that's, I will say a year ago, when you showed translations in a demo, it was anyone spoke the language went, yeah, that doesn't really work. The language was stilted generative AI has, has changed the game on translations because generative AI can translate really well. So that's a very excellent use case for it. This is very exciting because it sort of opens up so many doors that, you know, the, the agent might be in Berlin, the, the, the other, the passenger might be in Mexico city and they're able to talk to each other in their own languages. Yep. And you can do it across industry as well. Think about, you know, you as a person, you go to a drug store and you need to consult with a doctor and they've got a nurse practitioner there who can triage. And then click a QR code and get a video conference going with a doctor who may be at a central site. Now I'm sitting, having a conversation with a medical professional via video that's been queued up. And, you know, on the doctor's side, he's between patients, he logs onto the system and he just starts taking some calls and he can deal with patients. And now I don't have to have doctors everywhere. I can centralize them and I put nurse practitioners around. So there's a lot of healthcare uses for the same type of application. Hey Rob, let's stay with that a second, but in both cases, because, um, do you, do you, I'm going to use maybe the wrong term, but is there a continuity on each case? In other words, let's say, um, I opened up a conversation as a United customer or as a, as a patient and it's concluded, but now I have the same problem maybe four hours later. Will the next person who helps me know about my last conversation? Well, we captured the interaction history of every interaction that happens. So the answer, the quick answer is yes. Um, as a, as an agent or a doctor or a gate agent, uh, you can go back and review the previous recording, um, or the transcript of what's going on, or again, another great use of generative AI. You could also get a summary delivered back to you of what had gone on on that previous call, but that whole contact history is tracked. So every single time Doug Green contacts, they're going to be able to say Doug Green always contacts us and says, we screwed his seat up. He does this every single flight. So maybe he's just pulling our leg. So, you know, it works both ways. And that's really amazing because that's the type of information, you know, old school that, you know, there would be someone around who knew some other people and would say, yeah, look at Doug. And this is, he does that all the time. Here's how to handle it. Now we're able to do this on a, on a, and that must make agent life or the doctor life, whoever's receiving the contact a little bit easier, right? They've, they've got that contextual and historical information. Yeah. We've always believed, I was talking about the elephant never forgets. And I've always believed that as a person contacting a business, there are certain things that I know the business should know those things as well. Most importantly, I know that I called last Thursday about the same thing. The business should know that the agent who picks up my call, this is, you know, this is video or just a voice call, but the agent should know that as well. And that's the important part of interaction history. So regardless of the channel you come in on, the agent has access to that information and they can see what that context is. Cause that's all important to them providing you good service. Rob, you know, I know it's early days and, and, but you know, this was an historic summer for travel. So United you've already flown, if you will, through a challenging time. What's the reaction, what's United telling you and what are customers saying what's happening? Uh, United loves it. Um, all of the airlines are aware of it and are looking and, and want to understand how they've done it. Um, we're getting a lot of inbound, uh, requests coming in from basically all the major airline carriers from very senior people. Um, I think over the Labor Day weekend, it was something like, I don't know, 2 .3 or 2 .8 million passengers went through Chicago O 'Hare airport, uh, and NBC news and Chicago did a section on United and all the travelers and right in the middle of it is, and they have this agent on demand application and they show here's a phone talking to an agent. That's the upstream application right there, which was very cool. So Rob, you know, uh, with this, this, uh, work you're doing with United, I understand they turned to you because they were able to find you as a reliable source for this. So original the agent on demand idea, uh, came from United. Um, and they, they did a proof of concept to say, okay, it kind of works, but it wasn't robust enough for sort of the enterprise you will. Um, and they turned to Cisco who was sort of their trusted communications provider and said, can you do this? And Cisco looked into it and they came back and said, no, we can't get all the bits and pieces, but we can't make them work together. And then somebody inside Cisco who knew upstream, wasn't talk to upstream. And so Cisco came to us and we said, yeah, of course we can do that. So it went back to United said, okay, we have a solution. Um, and we put that into United and they'd been extremely happy with the stability and how well it works. So everything's great. And since then it's, I don't, I mean, maybe it's early to say this, it sounds like it's on its way to becoming an industry standard. Uh, we're getting a ton of inbound interest. People are coming up and saying, you know, we, we, we've heard about the agent on demand. We want to know how it works and how you do it. And, and now we find out that upstream works is kind of the key enabler here. So, yeah, we're getting a lot of inbound demand on it, which is great. Well, uh, I wanted to, uh, conclude our podcast with just about how we can get a hold of products from upstream works. I understand that you're a channel oriented company. So do you have a channel pro program? We have a channel program. Uh, we do not sell directly at all. Uh, we have distribution channels, uh, throughout, uh, Canada, the U S and Europe. Um, we're available, um, on the Amazon platform, we're available on the Cisco platforms. Um, and we are expanding our market. So if there's, you know, if you're one of our resellers, uh, you know, you, you can, you can get at this. Um, if you're new to us and you want to talk with us, you've got some opportunities you want to discuss. Uh, we do have a channel program. We're really easy to deal with. Um, basically we can sign you up and then we'll do all the heavy lifting and until such time as you want to take on as much of the sales training and implementation training as you want to based on your business needs. Sounds like a great way for a channel partner right now or an MSP to win with AI. Absolutely. Absolutely. Well, this is an exciting, ongoing story, Rob. I really hope that we get to do an additional podcast, maybe just about the United application, if you will, or, or that the, what you're doing there and in healthcare and maybe some other industries, learn some more news and do some stuff in the future. But for now, I want to thank you for joining us. Where can we learn more about upstream works? www .upstreamworks .com. Well, I hope everyone takes a visit and takes a second look, but for now, thanks very much for joining me today. Thank you, Doug. It's been really fun.
A highlight from Meaner
"Hi everybody, welcome to The Dennis Prager Show. There are a couple of articles, interestingly, at the same time on a question that is worth discussing. And that is, David Brooks of the New York Times had a long piece in the Atlantic and there was another one before that and also in the Atlantic as it happens. Which is on the left but the subject is, the thesis may be on the left but the subject is not left or right. And the subject is, are Americans becoming meaner? Have you thought about that? Does that strike you as a phenomenon that's taking place? For example, the number of people kicked off airplanes for rowdy behavior, for screaming, shouting, cursing, is much more than it was in the recent past. Yeah, I think people are becoming meaner. You think people are becoming meaner? I think there are lots of reasons for that. Yeah, well that's the issue. So there are two issues. Are people becoming meaner? And if so, what would the reasons be? And sense I it too. The ease with which I see people on the road flipping off other drivers, for example, especially younger people, though I think the phenomenon is more widespread. You know, I've traveled, as many of you know, I've been to 130 countries. I've traveled abroad every year of my life since I was 18, except for 20, was it 20, 21? 20. Or 20, 20? 20, 20. 20, 20. I even went, yeah, I even went to East Europe in 2021. It was not easy to travel on. So I had developed a certain sense, and it may be completely erroneous, I don't claim that it's infallible, but I did develop a certain sense of the world's friendliest people. And I've always included Americans on that list, and very many Americans remain, of course, quite friendly. But there's a sense of tension out there, and it's hard to put one's finger on it. I'll tell you one thing that may be related and may not be, because there was yet another article that I was reading, and that is with regard to service by the airplane or airline industry, that they're shifting as much as possible to artificial intelligence chats, which I find, personally, I find useless. Some airlines have abandoned human interaction completely, which is, by the way, another subject that I will cover. I doubt many listeners know this, but the only example I remember in my life of being for government intervention as opposed to non -intervention with regard to business was the airline industry. It was done, I believe, under Ronald Reagan, and I did not believe… Oh, it was Jimmy Carter, yeah? Well, at least it shows that I wasn't partisan in my outlook. But of course, the conservatives supported it, and I totally understand why. You don't want to regulate industry. But I remember thinking, if the airlines start competing solely on price, then I don't know how the excellence of the airlines will not be diminished. Do you ever see, for example, do you see… I don't watch TV, so are there airline ads on TV? Are you aware? You know, Fly American, Fly Delta? You don't watch TV either. Zach, you live in front of the television. Right, so are there airline ads, Fly Delta, Fly American? Yes. There are? That's fascinating. I wonder why, because in so many cases you have no choice. I mean, those of you listening in St. Paul and Minneapolis, Twin Cities, if you don't fly Delta, essentially you drive to a city that you can have some options for. seats So the got crampier. They no longer serve meals. It's very, very hard to get somebody on first try if you call in to the airline, and that's because everything is devoted to the bottom line. Now, I don't lose perspective. I know how lucky I am that I fly first class, and my height I have essentially no choice. But I was on that… when was it on? Which airline? Oh, JetBlue, yes. I flew JetBlue from Fort Lauderdale to L .A. Saturday night. And room the in the first row, which has always had a lot of rooms, the bulkhead in first class, it was a little more than the somewhat roomier seats in coach. And the flight attendant was very open. She said, oh yeah, they reconfigured the plane, so there's just less room in the seats. This was first class. Because you make more money if you sell more seats. It's obvious. So, back to the issue of the meanness, and the many articles about it. The question is why, if it is happening, and if it is, that's a very, very bad sign in America. How America got mean is the article. And it begins here, in a culture devoid of moral education, generations are growing up in a morally inarticulate, self -referential world. his So, theory is they're not taught to be an ethical human being. Well, ethical is not the same as nice. You could be not nice and ethical. So, he calls it morally or inarticulate, self -referential world. Over the past eight years or so, I've been obsessed with two questions. The first is why have Americans become so sad? The rising rates of depression have been well publicized as have the rising deaths of despair from drugs, alcohol, and suicide, but other statistics are similarly troubling. The percentage of people who say they don't have close friends has increased fourfold since 1990. The share of Americans ages 25 to 54 who weren't married or living with a romantic partner went up to 38 % in 2019 from 29 % in 1990, a record high 25 % of 40 -year -old Americans have never been married. So, one out of four Americans 40 years old have never been married. I've reported on that. These are data that I have given you over the course of the past year. The percentage of high school students who report persistent feelings of sadness or hopelessness shot up from 26 % in 2009 to 44 % in 2021. Do you remember in high school having persistent feelings of sadness or hopelessness? No. I was talking to the usual teen. No, the usual teenage angst, of course, but this is persistent feelings of sadness or hopelessness. Yeah, I don't think we were atypical in that way. My second question is why have Americans become so mean? I was recently talking to a restaurant owner. That's exactly whom to talk to, restaurant owners. He's right, back in a moment. Natural disasters, airline cancellations and runway near misses, supply chain issues, inflation, rising interest rates and sky high government debt. This is Dennis Prager for AmFed Coin and Bullion. There's a lot in the news about what consumers cannot control. So, let's talk about what you can control. You can control how you choose to invest and protect your wealth. That's why I choose to do business with Nick Grovitch and his company AmFed Coin and Bullion. They pay time to own tangible assets like gold, silver and platinum with over 41 years experience and tens of thousands of satisfied clients. Nick will help you make informed decisions and show you smart choices which have been proven winners time and time again. AmFed Coin and Bullion will sell you the right types of precious metals to get the maximum value for your money. Take control of your investments like I did. Call Nick and his team at AmFed Coin and Bullion at 800 -221 -7694. Americanfederal .com. Americanfederal .com.
Jennifer Robbins Bell Describes Her Best and Worst Marathon Experiences
"Tell me the best race that you've done so far. What's been your favorite? What city, state, whatever? That's a tough question. I loved the St. George Marathon out in Utah. It's just so, the scenery is just so different from where I live in Massachusetts, the Red Canyon. It's just so, I love that area. Like, all the canyons. I think it's beautiful out there. I haven't done that one. But I have done Crater Lake in Oregon. And it was like that for me. It was just breathtaking. Yeah, that's my favorite. It's very cool to go somewhere that's just so different. Absolutely. What was your least favorite so far? Was there one that you're like, oh, I'll never run here again. I don't know if I should name it. You can just describe it. You don't have to put a city name on it. How about that? What was bad about it? So I was almost done with running my 50 states. And it was one of my last few states that I had to do. So I signed up, traveled, flew out there, stayed in a hotel. And we got up in the morning, started running. And then a storm rolled in. And I got to mile four, and they canceled the race. That's the worst. It was awful. Yeah, they don't understand that all the money, all the money, the flight, and the hotel, and probably a car rental, time off work. Oh, that's the worst. I was just like, it's not that bad. Just let me go. Yeah, it should be optional, honestly. I mean, let me sign a waiver quick during this downpour that if I get stuck by lightning, it's OK. It's my own fault. Yeah. Oh, man, that's the worst. But then there wasn't really very many options in that state. So I actually had to go back and run it anyways a couple of years. The next year, I had to go back and run it. Man, oh, I feel your pain. I haven't had one canceled while I was there. I was supposed to do Jekyll Island, Georgia last January. And they were worried about the hurricane things. So they let us know a few days ahead of time. And so we were able to cancel the flights and all that. So I got the vouchers and stuff. So at least I hadn't actually wasted my money and had to do that part again. But it was still disappointing because you're really all jazzed up to go in three days. And I mean, looking at the weather, I know they don't know for sure. Yeah. In that day, it barely rained. It was fine. We would have been fine. Yeah, I've had two cancellations. One was when I was at mile four. And the other one is I had just landed in Philly. And they canceled the race. And I was like, ugh, I'm not going to go all the way to the, I was out of my layover. So I just went up to the airline. I said, I'm getting back on it. I'm going back home. Oh, wow. So they were very, the airline was really, they understood. They were very nice. They just got me on another flight. And I just turned around, came right back home. Because they said, what I'm going to do, sit in a hotel? Yeah. So yeah, that happens to us. And we got to kind of take the good with the bad. It's almost more disappointing than an injury when they do that.
"american airlines" Discussed on Northwest Newsradio
"We've been hearing about recently and misses at airports around the country and not that the sun in this conducting hearings on the issue, we're hearing firsthand from the pilots and crew who lived through them. ABC's Brad milky spoke with transportation correspondent Gio, Benitez. We are talking about at least four incidents that we know of, right? Near misses, but then there was also one where a plane almost plummeted into the Pacific. And that was shocking because basically what was happening. This was a flight back in December. A United flight was taking off. It reaches 2200 feet taking off from Maui. The nose pitched up dramatically for just a few seconds. And at that time, that's when you heard a lot of some screams and gas for things of that nature. And then all of a sudden, it drops to like 775 feet. So that's very close to the ocean. The weather outside was cloudy. And obviously with the storm going on, prince the outside the window. So to me, that's a little bit of a silver lining. It was able to recover and regain that altitude and fly all the way to San Francisco, but that was a really close call. And now, of course, we want to know, well, what caused it was that pilot error was that a mechanical issue, neither united nor the FAA are saying. But no doubt about it, that's one of the things that they're going to be looking at Brad. It's a 1943 cancel takeoff planche. Then fast forward to January. And that's when we have this American Airlines plane that was going down the wrong runway at JFK just as a Delta flight was taking off. There was a noise, the brakes were activated, all the passengers were thrust forward. We were all wearing our seat belts, never going to not wear my seatbelt again. The Delta pilot literally had to slam on the brakes. All right, Dan. Then we had in February, this incident in Austin, where you had this FedEx cargo plane that was attempting to land. Southwest sport. FedEx is on the go. It came within a hundred feet of a Southwest flight that was just packed with passengers. A hundred feet bred, right fairly so. The FedEx crew saw the southwest. I'm asking if you have an answer today about why this occurred. No, man, that investigation is still ongoing, but we'll certainly provide an effort. Thank you. Senator Cruz. Now we're learning of a fourth one that happened back in January and this was a united jet that was told by air traffic control to stop on a taxi way, but instead it crossed the runway as a cessna plane was landing and that was back in mid January. I mean, it's just unimaginable that we are seeing so many back to back. 45,000 flights a day, 16 million flights a year. We've gone 14 years. That's 220 million flights without an accident. That doesn't come by accident burned upon. I think that that's why the FAA is saying, okay, listen. We have an incredibly safe record
"american airlines" Discussed on Bloomberg Radio New York
"Flash. Hey, Charlie, thank you so much for that update. Hey, we just talked about airline or I did airline stocks release some outperformance today. The rally in American Airlines alone up again and up around 5% in the past two trading days. The U.S. carrier yesterday lifting its forecast and its guidance above prior guidance. American officially reports next week, so does united meantime we've got delta reporting tomorrow. All right, for a roundup of what to expect from airlines and already what we've heard, we turn to Colin scarola, equity analyst at cfr a research Colin joins us this afternoon on the phone from New York City. So Colin is Carol mentioned, we've already heard from a preannouncement from American Airlines. What does that tell us? What we learned from American yesterday, what does that tell us about what to expect across the wider industry? Well, thank you for having me, first of all, specifically as a very relates to delta's earnings release tomorrow. I think what the American numbers tell us is that pricing across the industry ticket pricing is held up really strong. We haven't seen that. Anyone who's tried to book a flight anywhere realizes that, right? I mean, it's like we're trying to decide if we derive for Thanksgiving or fly because it's so expensive, Colin. Right, and I think what a lot of sort of industry watchers were expecting was that that big spring wave of booking would drive up the prices, but then they would start trailing down a bit over the summer. But it's been from American standpoint and I expect it to be the same for Delta tomorrow. It's been great for them to see that the pricing really isn't coming down. Because maybe they're seeing a little bit of trailing down in domestic, but as they bring those international flights back, you see the brand new that first big booking wave hitting the international markets and that's keeping I think overall price very strong. I feel like everybody calling right now is going overseas. I mean, I hear everybody talking about it. We talked about Katie. She's overseas right now. Everybody seems to be probably listening right now because she just can't take a break. She's like reading about it. She's tweeting a lot too. But Colin, what I'm wondering is, so what are the big macro dynamics? Is this just a case of people who were stuck in their homes during the pandemic buying stuff they probably didn't need and now they're going out just kind of enjoying life and being back to normal and experiencing things. Is it that? But is it also reduced capacity, reduced workers? So it's just kind of supply demand dynamics at work in the airline industry. Yeah, it's a little bit of both. So you get, you get unusually high demand with unusually low supply and that's where this sort of 25, 30% increase in pricing comes from relative to 2019. And just a few anecdotes, I think we have a record number of weddings happening in the U.S. this year and next year, that's the type of thing that's driving that leisure travel demand plus the vacation demand getting to Europe wherever it might be that people used to love to go. And then what was good to see for the industry is we saw we saw the consumer and the households have that huge pent up demand streak this spring and summer. And I think now we're starting to see it from businesses as well. You look at a lot of the accounting and consulting firms who used to have people out on the road working at client sites four days every week. That sort of Monday morning Thursday night travel routine. That seems to be coming back in a pretty big way now. This fall and into this winter. So what started with the pent up demand on the consumer and leisure side, that, you know, it's still strong. It hasn't run its course. It's still very strong, but it's certainly not growth anymore, I don't think. But now, international and business are starting to see that same sort of big pent up demand wave. So overall, very good things for the airlines and they look like extremely cheap stocks to me generally. That's just how strong demand is. Colin do we ever do we ever see business travel resumed to 2019 levels? And I ask because a friend of mine is an event planner for companies she plans conferences. And she was saying, it is so much more economic economical to do these virtual conferences. The lead generation that we get per cost is just so much better. It's so much lower. And she's like, I don't see us ever going back to what we were doing before the pandemic because it was just too expensive. Yeah. It's tough to make a call on that. I hear I hear a piece of information like you just relayed, but then I also hear from a lot of surveys on businesses that you just can't replace face to face interaction. And I think my view tends to lead towards that it will come back bigger than it was. American Airlines specifically, they reported on small and medium business revenues. They were actually up 10% versus 2019 in the past Q two. So already small and medium businesses seem to be putting in greater demand for air travel than they were before the pandemic. And it's not a given that corporate, the larger corporates will follow that same track. Right. But I certainly think that's the most likely outcome just because I think people want to get back to seeing their clients and seeing the coworkers. Hey, hey Colin, not to be a Debbie downer and just got about 30 seconds. I just want to squeeze in. If we go though to a downturn or maybe we're already in it, but if something protracted happen, certainly into next year, are the airlines in good shape to weather it. And again, just got about 30 seconds. Yeah, I think a recession would not hit the airlines as acutely as it has historically because of the pent up demand factor so a recession in my view is
"american airlines" Discussed on Bloomberg Radio New York
"To call the pivot the pivot team has zero in the roaring bears are two right now and I think that the bears are going to win at least for the next couple of weeks. And the bear is winning, he and the NASDAQ NASDAQ 101 128 points lower than 1.2%, S&P 500, 24 points lower, that's down 7 tenths of a percent, as I say, the Dow is in the green up 45 points right now. That is up about two tenths of a percent, ten year yield, three 91, up three basis points, two year yield is lower by two basis points at four 28. We check the markets for you every 15 minutes during the trading day right here on Bloomberg radio. I'm John Tucker. That's your Bloomberg business flash. Matt and Paul. John Tucker, thank you so much. We appreciate that. You know, it's weird in the airline stocks today. American Airlines raised the revenue outlook. The stock climbed in pre market trading. Now the stocks are trading off today. I don't know if it's demand issues, fuel issues. Pretty good to have Bloomberg markets correspondent joins us here in our Bloomberg interactive broker studio. Korean, look at airline stocks, they're all pretty much down here. I kind of thought they would have been like, wow, American Airlines better than expected revenue outlook. Flying high if you will. Well, they were. American Airlines stock was up about 5% on the news that they were posting third quarter sales above their prior guidance despite, of course, the inflation story, the fact that airfare is getting so high, business travel hasn't rebounded yet. Don't even mention jet fuel costs because that's something that these airlines haven't even hedged. And yet people are still spending, especially going into holiday season, we were talking about this in the last hour of programming, when it comes to retail inventories, and how much people may kind of cut back on spending there. But for airlines, that absolutely has not been the case. In fact, revenue for American Airlines is expected to be up about 13% relative to 2019. That is a massive, massive number. Yeah, I mean, we were talking, I was talking to George Ferguson recently, he covers the airlines for Bloomberg intelligence. He thinks there's actually downside risk to pricing for the airlines. I mean, you see, coming out of the summer season one demand was strong for leisure travel. This travels come back, but not to 2019 levels and not sure when that will happen. So of course not. No, companies have learned that they don't need to spend as much money on travel, just like they've learned that they don't need to spend as much money on real estate, right? Yeah. And people, you know, leisure travelers, leisure, if you will, they took advantage of it coming out of the pandemic, but now that we're heading towards what pretty much everyone thinks is a recession, they're tightening their belts, right? Okay. I guess so. We'll see that. Create a group that thanks so much for joining us. I did. That's it, because we have to get the Allison Williams. We've got Allison coming up and we'll talk pretty sweet story. We always talk, we talked to cry a lot, we like to talk to her, but we'll get more coming up. But I need to talk to Alice Williams because starting Friday, we're getting the big banks reporting numbers, and that's big for a lot of reasons. A for the for the banks themselves and for their shareholders, but also for their read on the overall economy. Alison Williams joins a senior global banks and asset manager analyst for Bloomberg intelligence. So Alison, I wanted to start first with credit Swiss that I guess the latest twist in the story is if they want to survive if they want to implement their restructuring, they may need more capital. Is that kind of the read? That is the read, and that's actually been the concern with the stock. I think every other day, we get another number that's being thrown out there. I think there was a multi-billion, but at the bottom line is that the amount of capital they need depends on a, what businesses in their portfolio or are they going to keep and seek to fund? If they are selling businesses, obviously, that they can get capital without raising stock, they can get it from other investors. But then what are the steps ahead and what money do they need to pay for those taps steps in terms of restructuring? And so that's why when you see sort of various numbers out there, any of these numbers could be correct. It really just depends on what we're going to hear from them on the 27th. So Allison is, are the days over? When I was a credit Swiss, we felt we could pitch any deal anywhere around the world and be really competitive. Are those days kind of over for this new credit Swiss? So I think that's not really where the challenge lies. I think in general, across the firm they have to be feeling some pressure as clients as well as investors are looking at them with some uncertainty. But they really do, they have a good M and a franchise equity underwriting and leverage lending. These are all areas that the bank is strong on. But as we know, there's not none of those deals are being done right now. IPOs aren't being done. Leverage lending is a book where is a business where we're seeing write downs, just given the markets this year. So there's structural issues with Credit Suisse and then the cyclical pressures, I think, are just really bringing those issues to bear. So we're going to hear from the big banks, JPMorgan, on the 14th what day is today today is the 11th Friday. Okay. So we're going to hear from JPMorgan on Friday. Wells Fargo as well. Citigroup as well. And then the following week, Bank of America, some other state street and some others, truest. Yes. I always think it's not a great name. What do we expect to hear? Friday, as you said, we'll get JPMorgan city wells and Morgan Stanley. The big thing that we're watching is what happens with credit provisions. We think that credit is good right now. But the question is, how are banks looking out into the future and factoring that into their loss provision? So it's more a view towards what the risks are ahead. We saw headlines yesterday from JPMorgan's comments talking about our recession next year when the bank set these reserves. They look over the loan life. So if they see increasing odds of a recession, if they see a recession looking tougher, we'll see it in those reserves. And so we're watching that number more for 2023 risk. From a revenue perspective, the negative is investment banking fees as we talked about, wealth and asset management fees, mortgage fees, lots of fees going down
"american airlines" Discussed on Bloomberg Radio New York
"Our studio. We're joined now by our TV colleagues, Carolyn and I, Taylor rig and shanali basic. We're going to walk our Bloomberg audiences on TV radio and YouTube, the key things on our radar as we march towards the close on this Tuesday. And it's really about the bad and the bulge you guys. We've got Walmart rally, we've got the housing market sputtering. We've got supersonic planes returning, and then we've got a stock market indicator that maybe says we are bottoming. But really get it all here. You guys say, the main stock traders are bold one. We'll get to that later later later. I don't know what to make of that. Caroline, though, I do feel like it's largely about a bunch of Dow components today. Yeah, I mean, it does seem to be an awful lot about some retail trade that's going on in the moment. We are seeing no boldness in terms of volumes. We're still pretty light on the S&P. I know I'm like a broken record on that, but we're off by about a 10% from the average, but we do manage to claw higher again, even though we started the day with a negative feel to this market, we're now back up against 6 10% on the S&P 500. In fact, the Dow as you say, Carol, that's a more than a percentage point. That's up 362 points, 34,274 is where we trade. The NASDAQ up four tenths percent actually big tech kind of lagging a bit on the day but still in the green as is the Russell 2000 up four tenths of a percent Taylor. I love that you take us through some of the equity markets, Caroline. I'm going to take us through some of the sort of key things to watch as we kick off to the closing bell and really counting you down. I love this new graphic, which is going to outline sort of the next few minutes of where we're going. I'm going to start with number one. We've all been talking about it. The big economic data after the NA HP survey yesterday housing starts in permits today. And I think for me, it was a decline of about 9.6%, a slowing of some of the starts and the permits and single-family multi-family as well. And sim is sort of the slowest rate of increases, or I should say slower rate of a decline here that we've had since about February of 2021. So if the housing market is confirming what we also got yesterday in terms of a housing correction, what really does that mean for the economics of the U.S. again, the association of home builders was very concerned about this slowdown and even saw it as a recessionary force. Now the question is which force in the economy is going to be stronger Tim. All right. Well, you guys are looking at what's going on on the ground. I'm looking up to the sky to see what's going on. We talked about some supersonic airplanes. The supersonic airplane from boom supersonic. Are we going to get back on these for the first time since the Concorde stopped flying back in 2003? Well, American Airlines is certainly betting on it. They put an order for 20 of the overture jets from boom supersonic. These things cost about 200 million bucks a piece. They travel at almost twice the speed of sound. Now the planes aren't going to carry passengers until the end of a decade, but you could get to Miami to London in fewer than 5 hours, LA to Hawaii in about three hours. I gotta tell you, airlines better get their delays under control if they want people to pony up for these tickets. I love it. So going to London for three days, Caroline can like be there in two seconds, say for a few days and come on back. So certainly would help on some of our cross pond travel, Caroline. I would as I'm about to make the flight once again this weekend. I'm looking also though at what is booming and it is the meme stock trade and actually retails in general. You would have thought that I'd be here to really explore the virtues of how well Walmart managed to steer investors today. Of course, they pull back three weeks ago, cut their guidance, but Walmart manages to give us a more rosy outlook really on the consumer saying that actually it's the wealthier the high incomes who are now training down to shop with Walmart. We're up 6%, so big move for that particular juggernaut. But record move for Bed Bath & Beyond. And of course, this is a new meme stock and as a company that is not showing the signs of growth that Walmart is. Is it company that saw it sales nosedive and it's previous quarter up until May by 25% it's a company that's got an interim CEO, but it's still a company that's managing to add to more than $2 billion in market capitalization though, even though three banks are saying, look, this is not fundamentally driven to him. It's incredible. And Caroline, I think you're the only person who can put Bed Bath & Beyond on a screen with Walmart on a day like today and really make them connect for us. Don't try. It's perfect. It's actually absolutely perfection. Okay, also on our radar, let's not forget President Biden is expected to sign the inflation reduction act a little bit later on today. Brian deese who is director of the U.S. national economic council a key senior economic adviser to President Biden saying the steps the administration is taking should help the economy transition without giving up those economic gains. Here's what he had to say. Obviously there's a lot of uncertainty in the 6 to 12 month forward horizon. We're still very focused on some of the global threats that we face, including the energy markets and the second order implications of the war in Ukraine. But if you look at the steps we're taking and the policy actions we're taking, I think it's certainly the case that the inflation reduction act, the chips and science bill that we passed just a little while ago. Those are going to help. They're going to help meaningfully in this transition. Brian deese, director of the U.S. national economic council, I got to say, though Gina Martin Adams reminding us that we're going to see maybe a tougher recession maybe later next year. All lies in those with her cells tomorrow to really see how the consumer is as well. Yeah, Caroline, we were looking at the big divergence among big investors here on how they're viewing that uncertainty as mentioned by Brian deese and you're looking at Stan druckenmiller really dumping almost $200 million worth of Amazon shares. Now remember that contrasts with George Soros who really added to some of its big tech bets during the second quarter. Now the question is, are some of the smartest minds in the room after that July after that June data has come out? Are they doubling down on bets or are they only getting more cautious? Now we have a lot of selling here, but a lot of people saying static in the markets as well. Just reminds me for every buyer, there's a seller, all right, that does it. Do join us in about a half an hour's time. Countdown to the close and then beyond the bell at 4 p.m. Wall Street time. You're listening to Bloomberg business week with Carol messer and Bloomberg quick takes Tim on Bloomberg radio. All right, this is Bloomberg businessweek on radio
"american airlines" Discussed on Bloomberg Radio New York
"Fallout should be short lived as employers are desperate to retain and attract talent amid ongoing labor shortages Any doubt should ice Bloomberg radio briefly after earnings Signet jewelers that's the parent of K a mall staple Signet Lauren Al by 5% Union Pacific up one of the half percent Shares of Alcoa the aluminum producer up 5 and a half percent American Airlines reported this morning down by 6 tenths of 1% after the bell today we will be hearing from Netflix they're up by four tenths of 1% Recapping ten year 1.83% S&P up 38 up 8 tenths I'm Charlie pellett David Weston this Bloomberg business flash Thank you so much Charlie Small businesses across the country were hit particularly hard by the pandemic and were the beneficiaries of substantial federal assistance But now that assistance is ending even as businesses face higher prices scarce labor and higher interest rates coming soon For a read on the state of small business today we welcome now the administrator of the SBA Isabella cassius Guzman So madam administrator thank you so much for joining us Give us your take right now on the state of small business I know it has not been easy It is definitely not but we know that entrepreneurial spirit that small business resilience that grit and determination has really been vital as we've carried through such challenges for our small businesses And I think what's been critical is that federal relief that local support as well lay it on there for our small businesses to survive during this time We saw so many mom and pops and small businesses really impacted by all these COVID related challenges And they've pivoted and adapted in order to succeed and that's really what's been remarkable or even seen rates of entrepreneurship continuing to rise and that's gives us hope for the future Give us a sense of where the federal assistance is right now We spent months covering the PPP the payroll protection plan is it expired Is it continuing small business Can I get some help from that at this point That's right The paycheck protection program was a really vital assistance along with the COVID economic injury disaster loans the SBA This year alone has put out $450 billion during President Biden's first year and that includes support for 6 million small businesses And really despite all these odds President Biden's leadership has added 6.4 million jobs the most in the year in history as well as manage the fastest growing economy in decades while cutting employment to near historic lows And I think all of that has seen some benefit for small businesses along with that federal relief that we were able to put out there to help businesses survive and thrive and figure out how to adapt their businesses to compete today So talk about creating jobs because we all know the small businesses actually create the lion's share of new jobs in this country I'm looking at the NFIB that's the national federation of Internet businesses Numbers for small businesses right now And right now as of December 21 last numbers I have is 49% said that they have positions they can't fill How big a problem is what can be done about it I have been hearing from small businesses across the country that still have vacancies It's kind of all across the board Some businesses will really aggressive about keeping their employees on despite challenges in the economy And so have been a little bit more successful in being able to retain them and then others who have had to close and reopen and that closing and reopening multiple times has really been impactful on them But we do we know that they create two thirds of net new jobs and they generate so much of the economic productivity 40% and employee half the private workforce So it's really important that we help give them the tools that they need to connect to the workforce And through our networks of centers and district offices we're trying to be as supportive as possible to help them navigate this time and make sure that they have the relief and the capital to sustain themselves So turn to exactly what you're doing now and you're reasonably new position What is the program the strategy approach of the small business administration under your administration Well as our entrepreneurs needs have changed the SBA is continuing to evolve I've asked all my team to be as entrepreneurial as the small businesses we serve and make sure that our products that are available at the capital of the investments the grants as well as the assistance and accessing markets whether that's globally or federal procurement Our local supply chains are positioned to meet businesses where they are and support them with their needs That technical assistance is really critical in part of the American rescue plan We launched a community navigators program because businesses need to connect to resources whether it's capital or just advice on how to run their business And that's what we've been focused on building expanding our networks We've launched over 50 navigators plus over 400 local touchpoints in communities to better connect with our small businesses so that we can ramp up and serve them with the products that we have on an ongoing basis at the SBA for capital and technical assistance and contracting So.
"american airlines" Discussed on Bloomberg Radio New York
"Ignited a chaotic period for the industry Shares of American Airlines up now by 1.3% I'm Charlie pallet That is a Bloomberg business flash This is Bloomberg business week with Carol messer and Bloomberg quick takes Tim steno V on Bloomberg radio So financial markets and traders are definitely wondering how far the Chinese government is prepared to go after the people's bank of China shifted toward an easing mode luring the required reserve ratio for banks And that was a move to bolster growth after crackdown on the property industry triggered a credit crunch for developers and slashed demand for housing We've seen Tim stressed firms China ever grand group certainly and some others which are on the brink of default And so we've seen that property market really under a lot of pressure What are you smiling Yeah I'm just excited to bring back David ridle because we love talking all things China when it comes to David joining us He's the president and founder of research group He joins us once again on the phone from San Francisco David great to have you back with us like Carol was saying a lot of questions about how far the People's Republic of China is willing to go How far are they going to go Well thank you for having me back It's always always an interesting time to talk about China There's certainly sowing a willingness to be more accommodating to support the economy in general and the property sector in particular without bailing out individual names I think it's important to recognize that they have not reached out and tried to bail out ever grand or any of the other companies that have shown significant company specific stress that they're trying to create an environment where the property sector can continue to grow and provide housing for Chinese citizens So I think it's important to recognize both what they're doing and what they're not doing I think that's really important too I guess what I'm trying to understand is what how do we as investors David need to understand the pressure on certain sectors on certain companies There's certainly feels like there's a lot more Chinese oversight and wanting to understand the data that's being collected We saw DD global they're delisting last week I mean is that an isolated case or a sign of things to come It's absolutely a sign of things to come And quite honestly China is relatively easy to read They tell you what they're going to do And then they do it I think I get used to politicians not doing that But if you look at China they're acting in the interest of market stabilization there They're acting in the interest of social equity on the ground They're acting in the interest of common prosperity their latest buzz phrase We're taking these newly minted technology billionaires to task in order to support society They absolutely are committed to controlling the data that's collected by these online applications and businesses And investors need to recognize that they have stated that that's their goal and they are going to implement things to control that data So the China growth story is very real The question is how should investors try to find a way to play that as the second largest economy in the world and the driver of economic growth for many parts of the world Well I guess what I would ask is an investor David is there a chance that you invest in XYZ Chinese company because you like the fundamentals And then I don't know in a year and 6 months and 5 years also in the government says you know what We don't like how you're doing this We're going to change the dynamics And then it's not really it's certainly not capitalism right Where you just let a company go Do we as investors need to understand that that's potentially the future That absolutely is a risk that investors take in certain sectors of the Chinese economy China Beijing has always told us that it's illegal for foreign investors to invest in telecom companies Internet companies all these other online activities It is against Chinese law to do that So these people that set up these variable interest entities VIE which have all been in the news which is corporate structures out of the Cayman Islands that are connected to a Chinese company but you're not actually investing in the company itself Those are inconsistent with Chinese Chinese law and investors should not rely on those being stable You're absolutely right that they may change the way that they treat a certain company or an industry in the future but they will tell you many many times before they do that what they're going to do You simply have to listen to what Beijing saying and rest assured they're going to do what they say Hey David you know I was going through your notes that I producer Paul Brennan sent to us ahead of your visit with us And I was struck by something that only 7% of Chinese households own equities Talk to us a little bit about why that's important especially when it comes to the way that the country thinks about helping out publicly traded companies Absolutely I think it highlights the fact that Beijing really doesn't care that much about the outlook for public companies And they don't actually care that much about foreign investors either They feel like they're in a position where they've got enough capital They've got enough savings They've got enough domestic liquidity to support their industries And they don't have to rely on investors in New York or London or anywhere around the world They also have now pretty much full control of operations in Hong Kong So they can encourage companies to delist from foreign markets and list in Hong Kong list in Shanghai somewhere where they are more in control of the rules So China has been very clear about this over time They want Shanghai in particular to be a global financial hub So watch for it in the next two 5 and ten years a migration of foreign Chinese capital markets activity back towards markets that Beijing controls So is there strong high and Hong Kong So David is there a point where instead of Chinese companies clamoring to be on let's say U.S. exchanges We have U.S. companies clamoring to be on Hong Kong and other exchanges Absolutely I think companies that have domestic operations in China are already showing their willingness to do that with dual listings maybe having a listing in Hong Kong and certainly talking about listing and Shanghai The one thing we can be sure of is that you are not going to see Chinese companies listed in New York the way that they have been in the past The SEC has made it clear that the clock is ticking on these listings getting delisted and Beijing has made it clear that they don't want that transparency into the auditing and inside workings of Chinese companies And so they will not stand for what the SEC is demanding which is full comprehensive audits of U.S. listed companies What does that mean for the financial might of China versus the U.S. going forward and just got about 30 seconds China is going to continue to build up their own strength They really are not very concerned about foreign investors They're not even all that concerned about equity investors and they're going to keep bringing stuff home So they can control it better I would be wary of a lot of sectors of China that people have gotten comfortable investing in because Beijing doesn't want them there All right Fascinating as always David thank you so much Come back real soon David ridle his president and founder of Rita research group you can find him certainly online as well and check out what their company is.
"american airlines" Discussed on WBEZ Chicago
"Were held to mark the moment the two flights at the twin Towers in Lower Manhattan. 9 37 American Airlines flight 77 crashed into the Pentagon then shortly after 10 o'clock, United Airlines flight 93. Having been commandeered by passengers fighting the hijackers crashed into a field in Shanksville, Pennsylvania. Today We've heard the tolling of the bells, moments of silence, followed by a reading of the names of the 2977 people who perished that day. Just after the 9 11 attacks, President George W. Bush tried to reassure a shocked and terrified nation the resolve of our great nation. Is being tested. But make no mistake. We will show the world that we will pass this test. So Now, 20 years later did the U. S. Passed that test. NPR national security correspondent Greg Murray has the story. As President Bush flew back to Washington on Air Force One following those remarks on September 11th. He was accompanied by Michael Morrell, the CIA officer who briefed the president daily, Morel was in touch with CIA headquarters, which had given him heart stopping intelligence that he had to urgently relate to the president. The message was that What happened that morning. Was the first of two ways of attacks against the United States. In the end, there was no second wave and in the past 20 years, the only deadly attack carried out in the U. S with a direct link to Al Qaeda was a 2019 shooting by a Saudi Arabian aviation student that killed three people at the Pensacola Naval Air Station. So is the US safer today than 20. Years ago, we asked several former officials who served in senior positions over the past two decades. Their collective answer could be summarized as yes. But we are safer. We have done a lot to prevent another major catastrophic attack. Jane Harman was a Democratic congresswoman from California, a leading member of the House Intelligence Committee. She was walking to the Capitol Dome when the 9 11 news broke. Don't where I was headed was the intended target of the fourth plane, the one that crashed in Pennsylvania. So you know this is kind of personal. She's quick to add that the U. S response. Since 9 11 has included many damaging mistakes and considers herself among those responsible. What we did wrong going forward was we exceeded the mission. The mission was to degrade the ability of Al Qaeda to attack us again. We did that very quickly. But I mean, we stayed There was mission creep we over militarized response that was in Afghanistan. The other huge misstep, she says, was invading Iraq on the false premise that Saddam Hussein was building weapons of mass destruction. I supported the resolution on Iraq because I believe that intelligence so that was a mistake, probably Primo, number one. Doug Lute, known as the Wars are for Iraq and Afghanistan was on President Obama's National Security Council. The retired Army lieutenant general says the U. S is now safer because of advances in military firepower. We literally have the ability to strike anywhere in the world almost overnight. We can do it from the air. We can do it from systems launched that See we can do it with people on the ground. But he says the U. S has inflicted considerable harm on itself for failing to live up to its values At home and abroad. You see a slippage and democratic values here in the United States, which hard to refute after witnessing the example of January 6th but also overseas. I mean, there's notion of extreme interrogation measures euphemism for torture. Certainly that's not in accordance with American values. Janet Napolitano, who ran the Department of Homeland Security, says the country needs to think more broadly about the definition of national security. Her list now includes order security. Ransomware ATTACK pandemic mass shootings, natural disasters, misinformation, disinformation in her 2019 book. How safe are we? She defends homeland security against critics who consider it and unwieldy bureaucracy trying to do too many different things. She says the department's many different agencies are needed to deal with threats that keep changing the risk environment evolves, it would be virtually impossible for Hijackers to take over commercial airliners and weaponize them. On the other hand, risks due to cyber attacks have only continued to increase. Michael Moral has now retired from the CIA. But he has a podcast called intelligence matters, and he says he still tries to get inside the head of old adversaries. He wonders what Osama bin Laden would think. If he were alive today. I think he would be pretty happy. He would look at the number of extremists in the world today, and he would see a number much larger than existed on September 10th 2000 and one. He would also believe that he had weakened America. As a result of the wars in Afghanistan and in Iraq. Not only militarily but politically. Yes, Morale says We are safer. We passed the test, but we suffered some real damage along the way. Greg Murray. NPR news time Now for StoryCorps is Military Voices Initiative After serving four years, former Marine Sergeant Jason Thomas was discharged from active duty in 2000. They stepped up to serve in another way. A year later September 11th 2000 and one is two planes crashed into the World Trade Center just miles from where he lived, spoke recently over StoryCorps connect with his youngest son, Jason, Christian Thomas. It was born after 9 11, and this was the first time they talked about the details of the day. So tell me what happened on 9 11. My mother would always say you're your brother's keeper and never leave your brother behind. So I grabbed my uniform and I drove into the city. When I got to the World Trade Center. All I could see was other people running in the opposite direction, and they're telling me go the other way. But as a Marine, I knew that we never go backwards. We always go forward. The ass was so hot. It felt like sandpaper running across my body and the rubber on a bottom of my boot Wouldn't think into the rebar. I would yell down and two different crevices of the rubble. This is the United States Marines. Is there anyone down there? Finally, I was later I got a voice back. I just felt like I was going to die if I went into the hole It was a very tough decision because your sister was just born, and she did not know her dad. But I decided I'm definitely going in. I remember having a camera and taking a couple for going to resume our live special coverage now by going to the ceremonies, Uh, in Shanksville, Pennsylvania. That Mark we're United Airlines flight 93.
"american airlines" Discussed on Pivot
"I think that cable and social cable and social media have the same problem they worry too much about who's watching and they catered to the audience they don't they don't report the news and i always say i cover politics as it is not as i wish it were and i think cable is catering to the viewer that is looking for politics as they want it and And i think that that social media has sort of supersized that right now. We're sort of almost twine so so i'm making a bet that there's going to be this. You know that there is not only that i know this. I mean we sort of watched. How often social media polit-political Seniors are so wrong now constantly because it isn't representative of sort of where america is. It's representative of where the people that are in twitter. Yeah okay so talk about this. How does this streaming tells an affect the next election coverage for the next four years and voters getting their information differently now. Trump is perfect for the cable news and social media universe. It's twitchy it's reductive. Its narrative it's entertainment. It's it's kind of toxic entertainment. That's what it is and obviously the numbers have fallen off rather dramatic left as he predicted these correct. But how what will be different people on streaming tells you get there. How will it affect the election coverage in the next few years well i think that streaming is gonna be the home of of of all the long form journalism for a while. That's about twenty twenty four now whether that is impactful or not. I think i'm sort of reading that in your question a little bit. I'm trying to find it is. I don't know the answer to that. I'm hoping it's impactful. I'm hoping their ways we do this. Impactfully i think you're going to see all sorts of experimentation on streaming. Will you'll have. Maybe you know you'll have people that are just some entity that will be like the the all run to santa's channel right the all you know things like that. You may see a you know. That's that's a potential negative side of where this could go look. I think we're headed for uber. Fragmentation from this pollyannish hope. That uber fragmentation means. There are so many bubbles that you can't help but have your bubbles collide with each other and you may accidentally get get Cultural feeds that come from different perspectives. Where right now are sort of our cultural bubbles are defined in the in the pre streaming world but as we continue to fragment it you know the ideas like the more fragmentation the more. You're you're while. I'm also a baseball card. Not someone to go into that bubble. Oh that's going to expose me to a point of view that i had no idea about exo. I it's like. I said a bit pollyannaish point of view about what what uber fragmentation could lead to. But i think that's what's going to be definitional about twenty three and twenty four. It'll be a lot of that. In streaming will will be filled with a lot more experimental coverage and will some will work. Some won't but that's kind of how i view how the neck cycles going to look like streaming kind of what i would say i was in so i was involved in the very first political website. mainstream networks in ninety five ninety. Six politics now. Actually we were one called politics. Say i would equate it. That was a very experimental time at the internet. Between i'd say ninety six in the internet didn't really become a driver arguably drudge wasn't on your server prodigy. We were on the internet. They were on the web. I joke i remember. I remember doing Monitoring chats in all of our conversations with with were with libertarians. Like the only people online were the libertarians. And they wanted a lot more harry brown coverage because harry brown was the libertarian nominee. Ninety six so that was it was early reminder that to this day i've always and it's been true to this day the sort of the more hardcore the internet whole is think. Read it and all this stuff up its base ideology is still. That libertarian mindset. scott. I'm curious i wanna give the politics by the way you so only drinks. I watch your show every week. I'm literally doesn't like drinks up. Where's my card high. The i think. I'm literally the youngest hippest. Viewer of the three million people watching me about eight low bar. Anyways average fable gassed and asked him. I admire him his job anyway. Chuck you said you have. This is have this really rare seat. You sit at the fulcrum of to political parties and my senses incorrect. Me i may be wrong here and this goes my question that don't even nali. Don't speak to each other. They don't really understand each other. What do we get wrong. You know these people you come in contact with more of them from the the entire spectrum. Iguazu what would you tell us that. Our impression of these people is not correct. What what can you tell us. We don't know about these individuals. I'll give an answer. I used to give. But i don't believe it as much anymore because i do think we've. We've I do think running. I would say before two thousand ten. I would say that ninety five percent of people that were elected to congress ran for what i would call the right reasons meaning There was something personal that motivated them. A local issue and there was a sort of there was a core. I remember one of my things that i did a lot when i first started. Meet the press daily. Run down the pre. I cable news before. I took over sunday. Meet the press and then and then changed through to meet the press daily is i used to do exit interviews with longtime retiring senators or committee chairs in the house and i remember doing one where he's like. I said what you know. Why'd you drop a time. And this person said I didn't like the i didn't like the lines. They were drawing for my kids. School district and i was upset and i said what would you learn from the experience and he says that i was wrong about their motivation. Of why do the lines. But but i i won the opposite anyway and then i just sort of it was but it was it was like that's that's you'll at least hope someone gets involved because they're like. Oh what's this happening. Maybe i need to get more involved. Maybe i should you know. Go to a board meeting and find out what's happening. And if i don't like it maybe i should run i. I can't say that anymore because there is a unfortunately running for political office is is now a fast track is now get rich quick scheme for thrower for a chunk of people i gotta say a majority of the people but you look at a mac aids and it's pretty clear abuse politics as as some sort of up fast track to start 'em fast track to celebrity best money in some form or another and that's the that's the world we headed to that i'm unconcerned about that. It's it's kazan. It sort of cheapens the idea of public service a little bit. And i do think in fact that we don't. I'll tell you a story that i it stares us in the face every hour and that is the language that's used in email fundraising and i think that we we sort of look it too often collectively and not realize. Read those words. It's like this is just. This is becoming gripped. It is bordering on becoming griffin and a weird get which creek scheme and that consultant surp- like abusing people. You know raising money just to just to you know collect fees and the money never goes to anything and we can do all the stories that were blue in the face telling people this is the case and it doesn't matter it keeps working it keeps happening and so that's that's a part of this that i'm that's disappointed me and then i'm you watch a lot of people who i think came in to public service for the right reasons and now just want to survive and keep.
"american airlines" Discussed on NewsRadio KFBK
"Are expected high on news 93.1 kfbk. Well, Eileen just told us about American Airlines investing millions of dollars into a company that makes electric flying essentially helicopters and we're going to add Ed Corey right now at the Bloomberg business is going to tell us more about a California company. How they're showing off their flying taxi. Good morning, Ed. Yeah, That's right. Archer Aviation, unveiling its electric flying taxi Thursday. They say it will have a 60 mile range Sand flight 150 miles an hour. I think it will enter commercial service in 2024, the S and P closed at a record high Thursday. Investors think monetary policy will stay where it is, even though a report yesterday told us the consumer prices are picking up, a lot of things are costing more these days. Right now. The down futures are up. 70 S and P futures up almost five stocks kind of flat in Japan today in London, the rising of almost half a percent I'm Ed Corey with the Bloomberg Business report on news 93.1 kfbk, and we have more now from Senator Marsha Blackburn, a Republican from Tennessee. About the coronavirus as Zuckerberg and Facebook were censoring and taking down messages from their platform that raised questions about whether the coronavirus originated in a lab in Wuhan, China. We know that the GHO and our diplomatic scientists were blocked from going in that lab. We know that Dr Fauci had concerns about the money that his agency sent To that lab for covid research or coronavirus research. We know the concerns about the gain of function research. These.
"american airlines" Discussed on KILF Morning New Podcast
"I love the ceo. No have met her personally. Mary burner Good people all the way down the line all the way up the management chain but if somebody came and asked me to work for free i'd have to go you. You're kidding. i'm busy that yeah look. I'm not. I'm not sure it's gonna be interesting to see if american airlines releases. The the the numbers on exactly shows up but It's it's saying basically look you know we we are. We're gearing now for unprecedented summer travel demand and so people are coming back in fact last week. Tsa or earlier this week. I should rather tsa says just about two million people past airport security checkpoints so that is the highest number of travelers since the start of the current virus pandemic and in great news for america and other airlines americans saying all of its pilots are gonna be back to full staff by this by this summer So is asking people to take on employees to take on six hour ships unpaid They say it's it's not mandatory. It's it's it's not required but when your company asked you to take on an extra shift on paid well you know. There's a couple of things that are working in your head right now. You you're okay. Is this a test But but so so that's what it's doing You know i can tell you. The airline industry as a whole was hurt badly Last year ninety thousand jobs cut because of the pandemic american airlines revenue for the twelve months and march thirty first of this year was glue over twelve billion dollars. And that's a lot of money but it's a seventy percent decline from year over year so we'll see what happens I worked for free a lot of years in radio. Because i had a vision. And and i and i wanted to move on but i'm sure there's a lot of folks in an american out of your dallas headquarters say look i've been here for years and i'm not working for free so we'll see. Yeah it's just it's very curious. Do you know what types of employees are being requested. And what types of jobs are going to be doing. and are we talking at all about union employees. I doubt it because you know no. Don't pay I can't imagine that would would would pass muster with with the union and The jobs i don't. I don't have a hard grasp on the exact jobs that That that folks would be asked to work You know it's based on the headquarters of it could be anything from front office two facilities and and and Airport function But this is this is something that delta did last month reportedly also asking staffers to volunteer for additional work on paid out of its the atlanta headquarters where that companies basis. Well well american is based here as you said in a much as we would love to be able to call them up and get to see on the line okay. What's your thinking here i. I don't think we're going to be able to get through so As you say we'll We'll wait and see how that goes down but the fact that it's now two airlines is is really curious. Don't you think if if they were well. Yeah yeah i i do i i i question everything is reporter but i. I do one better and i'd say american airlines. I'd be willing to work for you as a non employee As long as you maybe give a couple extra inches of legroom. I'd be all. Yeah yeah yeah. Yeah i'm down with you. And i will be loading luggage today. All right thanks a lot. Jeff jeff monosso fox news. It's eight forty five. Let's check traffic.
"american airlines" Discussed on All Things - Unexplained
"And new mexico. Well i swear. Google maps look at that. There's a las vegas new mexico so it's clearly not the las vegas but there is las vegas new mexico. But there's not a whole lot yup up here in terms of cities that i see. Well there's also a dismal wayne's new mexico up there which makes you wonder that's gotta send one to but but i don't see much else so i assume it's pretty isolated up there what to do a little more research. Maybe our listeners can let us know but american airlines flight. Twenty two ninety two around one. Pm central time. All of a sudden. The pilot radios in frantically into albuquerque. Which was nearest airport. And he's all in a panic because something's coming right at him a long. Tina i'm a. I'm a debate you there a little bit. I don't think he was in a panic again. This guy also kept his cool considering what he thinks he just saw. how about. I put it this way so the interesting part of this story. One of the many interesting parts is we never would have known about it. Had it not been for this really incredible dude on the ground somewhere runs zone website his own blog that goes bah the name deep black horizon and he's got some great setups and he picked up in a. I guess we could. At least say urgency in the voice of the pilot right. And so i've got to make sure i'm recording this of got to tune in and see what this guy is talking about. Yeah so he listens into all these brands. Error airlines apparently all of their radio frequencies. And what have you. But i will say if i were the pilots and i saw something i mean i'd be probably drop in some swear words like listen to this other heads that saw those unidentified objects of Where were they flying. Remember those guys that iran india india anyway doesn't matter they were cursing and they were like. I don't know what the leap is. Considering what he thought i felt like he communicated very clearly panic and props to stave douglas. The operator of deep black horizon blog. Who got this. And i've got a treat. We can let listeners decide for themselves because they got.
"american airlines" Discussed on KFI AM 640
"And he just found it out, you know, from the trickle down Rough. The parlor CEO says the platform will come back strong with changes to keep user safe while respecting free speech. S O will see. But the parlor board, I guess that's controlled by a woman named Rebecca Mercer. Immediately terminated. John Mayne says position and now he's saying immediately. Was this in the works? Did he know this was coming? I don't know. Maybe he knew it was coming. He just didn't know that It was gonna happen at that day at that hour. We'll see. American Airlines workers and I just I feel for you guys, American and United together cut more than 30,000 jobs last fall after the first round of payroll support expired. Well. American Airlines now has said it will send for a low notices this week to about 13,000 more employees as a second round of federal payroll aid is set to expire next month and travel demand. Still remains low. And the reason I feel so badly for them is just thank you are a flight attendant. I'm just using that as an example. You're a flight attendant, and you survive that first round. And you've you've known that things are uncertain. But you thought Hey, I made it through the first round. Maybe I'm gonna make it through the second round. But you have lived this whole past year with this uncertainty, and I know this isn't the only industry Obviously, that's been living with uncertainty, but That my heart goes out to you guys. So American says 13,000 employees got this notice. All right, I'm gonna do No, I'm not going to do some math on the fly this morning cause it's 5 47, and it would be wrong. But Trader Joe's temporarily has raised by $4 an hour. Pay of all employees. Okay, so that sounds good. Right? Let's just pretend That a trader Joe's simply. I have no idea how much they make. Let's pretend they make 15 bucks an hour. Okay? So This just says temporary. It doesn't specify how long they're going to get this $4 an hour race, Okay, but let's just say, let's say they get it for four months. So you're making 15 bucks an hour right now. And starting next week, you're going to start making 19 bucks an hour and you're gonna make 19 bucks an hour for four months. However, here's the catch. I was telling you about Trader Joe's his canceled midyear raises, which can be 65 to 75 cents. So All of a sudden. Now, after four months, you're gonna go back to making 15 bucks an hour. For the foreseeable future where you could have been making 15 65 or 15 75 an hour. From here on out. I was going to be set in stone. So in the long run, I wonder if This is beneficial for Trader Joe's to look like a good guy and give this thank you pay for the next four months because Oh, look at us. We are going along with this and we're not going to be Kroger. We're going to give our workers the pay that they deserve. Yeah, but those raises they normally get now we don't need to give him those. You see what I mean? Mm. Such a catch. And handle. Ah, he just walked out of the studio. Darn it. The story was for him. Candy maker just born quality confections announced. At the marshmallow E treat that some people love. Okay, really handles the only person I know that loves him. He's just walking back in. Let me see if I can get a handle. Handle. Are you listening? Let's see handle. Are you listening? I'm try one more thing. Okay. I just told them in his I F B. I I handle I have a story for you have a story for you. Yes. What's coming back this You got me. Hello? Uh, yeah. I can't hear you. Oh, shoot. All right, well, Turn your speaker up. Maybe you can hear there..
"american airlines" Discussed on Bloomberg Radio New York
"From game stopped to AMC Entertainment Holdings and today, American Airlines Group. Hedge funds that had shorted the stocks have been burned in recent days, 14, forcing them to reduce holdings and stocks They loved in order to cut risks. First of all, let's get right to some of those high flying names. AMC, for example, plunging today by 50.5% came Stop is down 32.3%. Even with today's sell off, this stock is up more than 1100%. Since the start of the year. Build a bear down 22% American airline shares they are up today by 8.4% as frumpy rallying. 75 points up. 2%. Dow Industrials Up 572 RAF session highs Still a gain of 1.9% NASDAQ up 210 for the NASDAQ composite index. That is a gain of 1.6%. NASDAQ 100 Index Up by 2% Russell 2000 Little change Right now. Dow transports up 1.7%. Entered on 15 30 seconds 10 Year Yield. 1.6% Gold is down 3/10 of 1% 18 38 the ounce West Texas intermediate crude down 6/10 of 1%. 52 51 a barrel on W T I. America's economy contracted in 2020 for the first time in a decade as the coronavirus, slam workers and all industries With that story. Here's Bloomberg's video Down Jude Ice. Was domestic product dropped 2.5% last year, rocked by the second quarter's record loss in the third quarter record rebound, fourth quarter growth moderated expanding 4% The fourth started out, okay. But the new wave.
"american airlines" Discussed on Newsradio 700 WLW
"Speed that sports 700 wlw. The Jay Ratliff here and Jay, What's going on with airlines and having employees get tested for the covert vaccine? Whose clothes gone first here? Well, they're all suggesting that they're going to strongly mandate Their employees for the airlines to get the vaccine. Now, when pressed on world they make it mandatory. They're saying now not yet. Now. United Airlines has been the first one that has come out and said if We're thinking about making a mandatory, but they've yet to make a final decision. Other airlines or simply saying they're strongly encouraging it. The cruise lines are making it mandatory for their workers to have the current virus vaccine him. I suspect if airlines can get away with it legally, Michael probably do it. But at this point in time, the answer is no, It's not yet a mandatory vaccination. Speaking of cruise ships, they're still cruise sitting at sea on those ships. Just because worldwide we have a lot more ships than we have dock space for them, and they've been waiting this out at sea for a long, long time. Imagine that, exactly And they most of those folks make their tips a source of service people. The tips or what pay their way. So the idea that they really not had the opportunity to generate much revenues for his income for their families of it's a sad indeed. Thinking of families. American Airlines kick the whole family off of flight. What happened there? We're talking about a whole whole family here. This is a American Airlines flight was boarding in Salt Lake City and one of the passengers, according to the family had his mass fall underneath his nose and apparently wasn't as quick as they would like for him to correct that. So once the family of 20 Yes, 10, adults and 10 Children got seated. American Airlines agent approach them and had all of them come off of the aircraft. Even though passengers around Mike we're trying to rally to their defense, American booted the entire lot Now I don't know if it was just the one passenger or if there were more or if they felt like there's gonna be a problem or what, but I think this is the least standing record now. As far as the number of people booted in one instance over the mass policy with America again their lines at 20 people, they followed protocol. They had also get all of the 20 people's check luggage off the plane before the aircraft could leave. So we're talking about a significant delay that should have incurred. I have not yet received the Official time on it yet, but we'll find out what Michael have the very latest on this and warm aviation blog's sponsored by the Greater Cincinnati Northern Kentucky International Airport. Now offering fares Orlando round trip for just $70. You can find that fair and more at CVG Airport stuck on our snow Moved. East is not gonna have an issue there this morning. Washington D. C. We're still looking at some delays. It should get better as the day progresses. San Francisco a lot of rain a lot of delays there in between countries in pretty good shape. All right. Well, thank you, sir. Time is 5 26 times in the pits Z,.
"american airlines" Discussed on KTRH
"Conroe. It's 51 mostly cloudy in Houston. 53 of the ktrh Top tax Defenders 24 Hour Weather Center. Times Now 401 our top story. The Texas Department of Transportation is wrapping up treatment of several key roads in the Houston area, hopefully to avoid slippery freeways. This weekend Cruise were seen this afternoon in Montgomery County and parts of Harris County includes the Grand Parkway, Katy Freeway, and the connector ramps up to 90. Texas Governor Greg Abbott has placed numerous resource is on standby. Head of that winter storm that's expected to impact parts of the state this weekend. A federal judge tosses a case involving Houston's deadly Harding Street raid back down to the Harris County Probate Court for hearing this Tuesday. Attorney Mike Doyle represents the family of routine and Nicholas, one of two people killed by narcotics officers serving a warrant, which turned out was secured with false information. The city had at least I think five different arguments. Judge waits in order that rejected every single one and a number of them kind of pointed out. There really probably shouldn't have made the claim in the first place. Doyle says the city has delayed evidence and testimony in the case for nearly two years now. American Airlines is changing their policy when it comes to alcohol sales, and it has to do with this week's chaos at the Capitol. The North takes his carrier has been alcohol on flights to and from Washington, D. C and Paul Hare Storm with the Association of Professional Flight Attendants says it's the right move. We have been faced with some onboard aggression here in the last couple of days on flights into and out of Washington, D. C. Obviously, that is not what we want to hear. And we won't stop that in its tracks if we can He says. These situations are dangerous for crews to deal with up in the Air. American Airlines also increased staffing at nearby airports in D. C as part of the new measure. Senators John Cornyn and Ted Cruz are mourning the death of the Capitol Police officer killed in the attack. The Texas Republicans say they're grieving officer Brian sit sick Nick, who died on Thursday evening. Cruz is calling everyone who stormed the U. S Capitol to be fully prosecuted, calling it an attack on democracy. Cornyn says Wednesday's destruction was preventable. Man photographed sitting in House Speaker Nancy Pelosi is office during the capital siege on Wednesday, is in custody. The Justice Department says. 60 year old Richard Barnett of Arkansas was arrested in his home state and faces several charges. Barnett was seen in viral video sitting casually with his foot up on Pelosi's desk. Joe Biden says he agrees with President Trump's decision not to attend the inauguration on January 20th. He says it's one of the only things that to agree on today by and talked about inviting Mike Pence to come to the inauguration. The vice president. Is welcome to come be honored to have him there and to move forward in the transition. A statement from the VP's office is Mike Pence is contemplating whether or not to attend the inauguration. KTRH News time 404 a new job report and the covert pandemic are just two factors that are impacting stocks today. Now with a closer look at your money. Here's ktrh money, Man that ship brought to you by diem auto leasing dot com And good Friday afternoon. Why It's the stocks closing today. Nicely higher. The Dow industrials finishing the day up by 56 points, closing at 31,097 S and P 520 points. That's one half of 1% the NASDAQ by 134 points 1% for the day stocks up after we gotta look at the nonfarm payroll numbers coming in worse than analysts had expected. This is the report for December. By the way, the market's taking the bad news is good news as it does increase the odds of yet another stimulus package consumer discretionary stocks. They were the top performing group basic materials. Those air chemical companies, paper companies, etcetera, They were at the bottom oil up big Today. $1.41 closing and $52.24 a barrel on the flipside gold down big down $78. 20 cents announced $1835. Finally, for the week, the Dow Industrial's up 491 points or 1.6% with the check of your money from the Office of Heritage Asset Advisors. I'm patch in produce radio 7 40. Ktrh..
"american airlines" Discussed on 710 WOR
"I'm Steve Green Field ahead of New York City's public hospital system, says the Corona virus vaccine rollout is being delayed because a number of health care workers are reluctant to get it. James flipping files. This report's been a bit of a back and forth here between Governor Andrew Cuomo and Mayor de Blasio over what some have called a slow rollout for some hospitals. Including New York City's health and hospitals. But Dr Mitch Katz says you can't vaccinate people who don't want to get the shot. Last week, we walked through the hospital where we're able to vaccinate and told people we have empty slots that are available now. So Mayor de Blasio wants to expand the categories of at risk people that are eligible. Governor, Cuomo says the process hasn't been efficient enough. We have to do better than vaccinating half of our health care workers. James Forman w O R New Police want to question A second man they say may have been involved in the bomb hoax at the Queen's Place mall yesterday. 27 year old tailor made Gray Lynn from California might have been with the suspect at the time of the scare. The main person 22 year old Louis Shenker surrendered early this morning. Cops aren't sure just what is behind the bomb hoax. Georgia Democrats, Stacey Abrams says the Senate runoff is going to be a close race. Speaking on MSNBC, she talked about voter turnout for the election that will determine the majority in the U. S Senate. There've been a few hiccups, but they've been all pretty studly and quickly remedied. We've seen steady turnout across the stage, and she believes Georgia will permanently flip blue is minority voters become the majority in this state. She also said that minority voters ran into voter suppression in 2018. That's why voter turnout was so high, but the 2020 election. Former President George W. Bush planning to attend the inauguration of president like Joe Biden on January 20th former President Jimmy Carter will not be attending. Carter's 96 has not traveled for some time. Barack Obama and Bill Clinton are expected to attend, but not President Trump. The Biden inauguration festivities will be limited due to concerns about the ongoing pandemic. American Airlines is no longer allowing emotional support pants on flights due to changing government rules. Sara Barkley with the details Texas based air carrier says the rules go into effect next week, and travelers will soon have to fill out a government form two days before boarding planes. New federal rules to find service animals as a dog trained to help a disabled person, the airline says pets £20 and under will still be allowed on flights but must be in carriers. Alaska Airlines announced last week it would also no longer allow emotional support pets. Sarah Bartlett, NBC News Radio Jersey based Johnson and Johnson is getting closer to rolling out a single dose vaccine. The company plans to seek emergency authorization for the shots next month. A huge advantages the vaccine wouldn't be required to be kept in extreme cold storage. The company says. It's in the final phase of trials and that if all goes well, they plan to roll out more than a billion doses. By the end of the year. Prosecutors in Wisconsin will not charge the officer involved in the Jacob Lake shooting that left the black man paralyzed, and it is My decision now that I announce today before you No Kenosha, law enforcement officer in this case will be charged with any criminal offenses based on the facts, and the law. District Attorney says that Officer Rustin Chesky shot Blake seven times in the bank is he tried to enter his SUV, adding that no charge will be filed against Jacob Lake in this incident as well, he said their decision was based on a review of more than 40 hours of squad video and more than 200 reports. Blake's three sons were in the car at the time, and witnesses say Blake was too Trying to break up a fight between two women when officers approached him. Wisconsin officials called the National Guard in case of protests over the decision. Regarding Chesky. The 63rd annual Grammy Awards will now take place on March 14th, officials at the Recording academy announced the new later date is because of the deteriorating Covitz situation in Los Angeles. Officials say they decided to postpone the show after taking into account that hospital services in L. A are overwhelmed and ICUs have reached capacity. The show was originally set to take place on January. 31st at the Staples Center. With Trevor Noah hosting in W O R Sports. Alabama Wide receiver Tavon to Smith is the winner of the 2020 Heisman Memorial Trophy. He's the first wide receiver to win the coveted award since Michigan's Desmond Howard back in 1991. The other finalists were Crimson Tide quarterback Mack Jones, Clemson quarterback Trevor Laurence and Florida quarterback Kyle Trask. Smith at 105 catches and 1641 receiving yards, along with 21 touchdowns from scrimmage. Joe Burrow was 2019 winner show was done virtually, of course, because of the Corona virus Pandemic plus the NC double A is moving forward with the plan to host the entire tournament in Indiana, Iowa Hawkeye star Luke Garza says he's okay with that. You know, we're just excited that there was an opportunity for No us to be playing on do everything to be in the same spot. No, it doesn't really matter to a lot of players. You know, everyone is just focusing, you know, being able to play in general, so it's definitely exciting and it's an opportunity. We're gonna make sure you make the most of the majority of 67 March Madness games will be held in Indianapolis with two other venues used as well. Indiana's Assembly hall and produced Mackey Arena selection Sunday will.
"american airlines" Discussed on WMAL 630AM
"Later tonight, you've had other events and other speakers and other locations throughout Washington. They have been sitting Supreme Court to Capitol Hill here to freedom, Positive the White House and we expect more of that. Throughout the next couple of days here in Washington, D. C. President Trump has promised that he's going to show if we do expect that he will speak at an event tomorrow. Tomorrow is the big day. It's the headline day. It's the one these Protesters who showed up for it. And if you are planning on heading downtown tomorrow for the Trump speech or any of the other events, you are strongly encouraged to take metro. Many streets in the downtown area are closed, do traffic. Meanwhile, it's election Day. In Georgia investigators, state and local and federal are looking into threats that arrived in several parts of the state. Nearly a dozen parts of the state of the Georgia Bureau of Investigation, says, quote Our agency is working with federal, state and local partners, too. Investigate the threats. The goal is to ensure a safe election and that all voters have access to polling locations. State officials are also concerned disinformation about widespread election fraud will prevent some Georgians from voting Democrats John All stuff and Raphael Warnock are accusing Georgia's Republican senators of pandering to unsubstantiated rumors. Toe win Trump supporters, but senators David Perdue and Kelly laugh Lawrence Stiffs measures must be taken to ensure Georgia's elections are safe and accurate boxes. Jonathan Serrie pair Friend from six Maryland public school districts in our area are urging state leaders to allow students to return to class. The first message is that schools need to open the says the pediatrician and M. C. P s parent, Dr Sanders Sauls. Berg says the latest data shows there is very little spread that is occurring within the classroom. As long as standard mitigation efforts were taken mass and distance saying and trying to keep them in cohorts and all logical measures, But with those measures were really not seeing spread happening. And you know a lot of schools that the country has been opened. Bottom line. We need to consider that education is essential and teachers are essential Frontline workers Barbara Bruce W. M a. L and W m a l dot com, another airline banning emotional support animals As of next month, only train service dogs will be allowed to fly an American Airlines cabins. Passengers will be required to submit the Transportation Department service animal air transportation form before their trip to confirm they have a legitimate service dog. Alaska Airlines announce the same policy last week. A new Transportation Department rule takes effect next Monday that emotional support animals will no longer be considered service animals on flights that allows airlines to change their own policies. Airlines had complained that people were bending the rules to fly with their pets for free and that untrained animals have injured flight attendants. Chris Foster Fox News on Wall Street The Dow finished the day off 168 points the S and P 500 up 26. NASDAQ Up 1 21 double drama L Traffic and weather. Next set a few Amazon echo to hear morning some of all weekdays 5 to 90 M. How does it work for one time set up, Say Alexa,.