37 Burst results for "BP"
"bp" Discussed on DerrickTalk
"Memphis, Memphis, Memphis, what's going on Memphis? Welcome to another edition of Convo Over Cigars. I'm your host, Derrick Andre Flemming on a Saturday. So tragedy has struck again in South Memphis today as many are mourning the loss of a local hip hop artist and the younger sibling of artist, Black Youngsta on the morning of August 18th at approximately 9.30 AM. Now a distressing incident unfolded near a Valero BP gas station, close to the Southside Park area. After shots were fired from a vehicle, a young man identified as Temmanuel Benson was shot and taken to Region One Hospital where despite efforts to save his life, he died. Of course, this shooting leaves a profound effect on the South Memphis community as they are still dealing with the untimely death of iconic Memphis staple, Adolph Thornton Jr. known as rapper Young Dolph. Now Dolph died of multiple gunshot wounds to the head, neck and torso when he was gunned down at the Memphis Bakery, at a Memphis Bakery. Many believe this recent shooting of Black Youngsta's younger brother is in retaliation for the Young Dolph shooting as Dolph fans post cryptic messages on IG like long live Young Dolph, long live flipper. So, you know, Young Dolph man is like a iconic, just a lot of people rock with Dolph in Memphis. I mean, South Memphis, that was his stomping grounds. He was shot at that bakery. People were saying, you know, so many people wanted revenge. There was like, yo, off with Gotti's head, off with Black Youngsta's. They believe that these young men had, you know, something to do with Dolph's, you know, killing. So this just, I just think there's gonna be, I'm just hoping and praying there's not gonna be any more bloodshed, any more casualties. I hope these young men get it together. I know anytime someone takes your brother's life, this was Black Youngsta's what? He's had three brothers that have been shot down and killed tragically, all gun violence. And that has to be hard. I mean, if that were me, I would be in a retaliatory mood. I would want some type of revenge. So I'm praying for the city of Memphis, man. This is very, very tragic news. Like I said, Black Youngsta's other brother, Ronnie B, similarly shot dead. Also his brother, Heavy Camp TD, was also a victim of gun violence back in 2019. He has had three brothers that have all pretty much lost their lives to gun violence. The streets of Memphis are cold. And I mean, I'm just praying for these guys. And I'm praying for Black Youngsta, man. Very comical guy. A lot of his music I like. I think he has a different type of personality, but he's also a great artist. I think he has bars. I mean, when it comes to his music, his delivery, I think Black Youngsta has to be probably one of my, you know, one of my favorite rappers out of Memphis. You know, I like some of Gotti's music as well. Moneybag Yo, that whole camp. So we are praying for Black Youngsta as he has lost another brother to gun violence in Memphis. You guys are locked in to Convo Over Cigars. I'm your host on a Saturday, Derrick Andre Flemming. Take care, guys.
Fresh update on "bp" discussed on Bloomberg Businessweek
"Eastern on Bloomberg TV and on the Bloomberg app and Bloomberg .com. And download The Circuit Companion podcast wherever you get your podcasts. Just before midnight on September 8, a 6 .8 magnitude earthquake rocked Morocco, killing over 1 ,000 people and sending thousands more into the street. Families have lost everything and are in desperate shape. Take care. Take care. Take care. Take care. Donate now at care .org slash morocco . Slipping coffee, talk to doctor. Nearly one in two US adults have high blood pressure. That's why it's important to self monitor your blood pressure and for easy to remember steps. It starts with a monitor. Be next to talk to your doctor about your blood pressure numbers. Get down with your blood pressure. Self monitoring is power. manager Visit BP .org. Brought to you by the Ad Council, the American Heart Association and the American Medical Association in partnership with the Office of Minority Health and Health Resources and Services Administration. The data and analysis that give you an edge. Bloomberg Intelligence has 10 companies to keep an eye on. The Bloomberg Intelligence Podcast with Alex Steele and Paul Sweeney. Economic uncertainty remains a headwind for global bank stocks. In depth research on 2000 companies across 130 industries. We're going to take a look at global life science technology. Let's turn now to climate change. Subscribe to Bloomberg Intelligence on Apple, Spotify or wherever you get your podcasts. Bloomberg. context changes everything. Markets headlines and breaking news 24 hours a day at bloomberg .com on Bloomberg television and the Bloomberg Business app. This is a Bloomberg Business Flash.
"The Cold Streets Of South Memphis...Black Youngsta's Lil Brother Shot & Killed At BP Gas Station
"Memphis, Memphis, Memphis, what's going on Memphis? Welcome to another edition of Convo Over Cigars. I'm your host, Derrick Andre Flemming on a Saturday. So tragedy has struck again in South Memphis today as many are mourning the loss of a local hip hop artist and the younger sibling of artist, Black Youngsta on the morning of August 18th at approximately 9 .30 AM. Now a distressing incident unfolded near a Valero BP gas station, close to the Southside Park area. After shots were fired from a vehicle, a young man identified as Temmanuel Benson was shot and taken to Region One Hospital where despite efforts to save his life, he died. Of course, this shooting leaves a profound effect on the South Memphis community as they are still dealing with the untimely death of iconic Memphis staple, Adolph Thornton Jr. known as rapper Young Dolph. Now Dolph died of multiple gunshot wounds to the head, neck and torso when he was gunned down at the Memphis Bakery, at a Memphis Bakery. Many believe this recent shooting of Black Youngsta's younger brother is in retaliation for the Young Dolph shooting as Dolph fans post cryptic messages on IG like live long Young Dolph, long live flipper. So, you know, Young Dolph man is like a iconic, just a lot of people rock with Dolph in Memphis. I mean, South Memphis, that was his stomping grounds. He was shot at that bakery. People were saying, you know, so many people wanted revenge. There was like, yo, off with Gotti's head, off with Black Youngsta's. They believe that these young men had, you know, something to do with Dolph's, you know, killing. So this just, I just think there's gonna be, I'm just hoping and praying there's not gonna be any more bloodshed, any more casualties. I hope these young men get it together. I know anytime someone takes your brother's life, this was Black Youngsta's what? He's had three brothers that have been shot down and killed tragically, all gun violence. And that has to be hard. I mean, if that were me, I would be in a retaliatory mood. I would want some type of revenge. So I'm praying for the city of Memphis, man. This is very, very tragic news. Like I said, Black Youngsta's other brother, Ronnie B, similarly shot dead. Also his brother, Heavy Camp TD, was also a victim of gun violence back in 2019. He has had three brothers that have all pretty much lost their lives to gun violence. The streets of Memphis are cold. And I mean, I'm just praying for these guys. And I'm praying for Black Youngsta, man. Very comical guy. A lot of his music I like. I think he has a different type of personality, but he's also a great artist. I think he has bars. I mean, when it comes to his music, his delivery, I think Black Youngsta has to be probably one of my, you know, one of my favorite rappers out of Memphis. You know, I like some of Gotti's music as well. Moneybag Yo, that whole camp. So we are praying for Black Youngsta as he has lost another brother to gun violence in Memphis. You guys are locked in to Convo Over Cigars. I'm your host on a Saturday, Derrick Andre Flemming. Take care, guys.
Fresh update on "bp" discussed on Bloomberg Markets
"You. Thank you. If you've stopped your treatment plan, restart it or talk to your doctor about creating one that works better for you. Start taking the right steps and manage your BP .org. Now I'm trying to get better, with stronger it now. Brought to you by the American Heart Association, American Medical Association and the Ad Council. Casting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Markets with Paul Sweeney and Matt Miller. We got a lot of green on the screen here but the volume is light. We constantly underestimate the strength of the US consumer. This is a market that's much more optimistic or bullish than maybe central bankers are. Breaking market news and insight from experts. Bloomberg There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium
The President of the B.P. Council Has Never Seen Anything Like This
"We're talking right now with Brandon Judd, he is the president of the national border patrol council. You can follow him on Twitter, by the way, at BP union. I got to ask you, I think you've been in this position. Well, not this position, but on the border, dealing with this for some 22 years, I think I have that right. Have you ever 25? 25. Forgive me. No worries. Anything like this. No. No, absolutely. In fact, in my worst nightmare, I would have never thought that we would have ever gotten to this point. I would have never thought that administration would allow our borders to become so controlled. When you look at any given time, cartels actually control stretches of our border. They understand how it is that they operate. And when they operate under their parameters, they can control stretches of our border at any given time, and that's very dangerous. And we would have never thought that any administration would have allowed that to happen. No,
AP Sports SummaryBrief at 12:53 a.m. EDT
"BP sports. Coaches on the move in college basketball. Rick Pitino is headed back to the Big Apple. Patina will leave his coaching job at iona to take over at St. John's getting a 6 year deal, bettina was guided 5 different schools to the NCAA tournament. And former Notre-Dame coach Mike bray, who recently stepped down, takes over at South Florida. And the NBA, Philadelphia, honored its 1983 NBA championship sixers team. It was the Chicago Bulls doing the celebrating one O 9 one O 5 over the sixers in double overtime and New York got 57 points from Julius Randle, not enough though, has been a soda topped the Knicks one 40 to one 34. In the NHL, Dylan Ferguson, 48 saves for Ottawa and the Sens defeat Pittsburgh two to one. Women's NCAA tournament, another number one drops as top seed Indiana got beat by 9th seed Miami. Japan over Mexico 6 to 5 of the world baseball classic that sends them at the tonight's championship game against defending champ the United States. AP sports
BP CEO pay doubles to $12M as high energy costs surge profit
"VPC and took in more than double his salary from last year, waking in a hefty $12 million, the huge pay packet was thanks to soaring energy costs which have allowed oil and gas companies to make record profits while squeezing households and small businesses. The disclosure came a day after rival Shell reported a similar multi $1 million pay package for its top executive. The announcement comes not long after both companies posted their highest ever annual earnings last month, the fat profits for oil giants and their top executives have spurred demands for companies to do more to shield consumers from high energy costs, many critics in Britain have called for expanding taxes on the windfall profits of energy companies and taxing bonuses Karen Chammas London
America's Great Awakenings With Dr. Jerry Newcombe
"Doctor Newcomb, how many awakenings are revivals have there been that are notable in American history? And when did they occur? Well, you could define it in different ways. But I would say in terms of the real big pictures, being changed Kennedy, who will just mention the founder of BP independent ministries and noted author and so forth. Said in the big picture of things, we looked at it this way. America was born because of the first great wave of that was in the 1730s and 40s in America, okay? And that helped propel really the whole course for independence. Then the second major great awakening was in the early 1800s. And that pretty many people started to about the evils of slavery and the inconsistency of having slavery with a country that's based on the idea that all men are created equal. And it really helped for ultimately the end of slavery. Obviously, it happened through the Civil War, but there was a great deal of push for that. And then he said, doctor Kennedy, now we are in need of a great third rate of will you pray for that. Now, obviously, Charlie, we've seen many different sporadic weight gains, even in our own time, business in the last couple of weeks. This amazing event at asbury college and I remember about 20 years ago, there was like that at Wheaton college and my wife and I met and we graduate school about 45 years ago by God's grace. It was so grateful for that. But anyway, so there have been these little movements, but I would say, I kind of tend to agree with doctor Kennedy that in the big picture you're looking at the first great awakening, the second great waving and now the need for a third great way to
Trains Are Derailing in Ohio and Nobody Cares...
"Is a massive issue happening in eastern Ohio. Is it a modern day Chernobyl, maybe? There's a train derailment, deadly chemicals are flowing into the air uninterrupted. We mentioned yesterday that the type of chemicals that are going into the air, it would be against the Geneva convention on chemical weapons after World War I for this to be deployed on a citizenry. Yet the leaders are saying repeatedly, it's perfectly safe. It's perfectly fine. Go back to school, go back there. If Joe Biden actually believed that, if Pete boot edge edge actually believed that, I would love both of them to go for a couple hours, go get a sandwich without a mask on. And show us how safe it actually is. Will a singer single member of the Biden cabinet visit Ohio? And breathe in the air themselves. Do they actually believe that this air is safe to breathe? Now it's fascinating to me. Typically, these stories are covered by the left and the media. The BP oil spill, the Flint water crisis. Typically when there is a mismanagement by politicians and people's air is polluted or their water is infected, it is a non stop media push and narrative campaign. Why is this different? Why is this only getting a couple mentions, meanwhile, citizens are being told to return home everything is just fine. We know that everything is just not as far from fine, but there's a deeper reason that this is happening. You see, this train derailment that is now emitting incredibly deadly chemicals to the air. Is happening in a region of the country that Democrats have very little to no concern about.
"bp" Discussed on Bloomberg Radio New York
"Up by 3.6% right now. BMP Paribas share price also up by 1%. Those are the big earnings out this morning across blockbuster for the oil major. I energy and basic resources, the biggest gainers on the U.S. stock 600 company up by three tenths of 1%. Stock futures then for the U.S. also fairly positive now is that futures up by four tenths of 1%, but a big dollar spot index is down two tenths. We look ahead to Jerome Powell who's speaking this afternoon, U.S. benchmark yields at 360 one down three basis points, Tom. Okay, let's get you up to speed with the top stories of the day then and rescue teams are continuing the search for survivors from toppled buildings in turkey and neighboring Syria, at least 4000 people have died after two earthquakes with a magnitude of 7.7 and 7.6 on the Richter scale hit the border area between the countries. Professor David Alexander and expert in risk and disaster reduction says failing to enforce building regulations may have contributed. There is only one tiny area where well into the buildings would be likely to collapse. It's an area of about 4 km². And yet we see very widespread collapse. And this is simply because buildings are not built to any recognizable reasonable code. Rescue teams from overseas have begun arriving in turkey today as millions are without power or heat in freezing temperatures, president Erdoğan says his country is facing quote the strongest disaster in a century. Now, let's move on to talk about the earnings news this morning I mentioned to the data check, BMP Paribas says that it will buy back shares worth €5 billion following strong trading profits and the sale of its U.S. unit, revenue from trading debt security surge by 45% that was ahead of the Wall Street average and also BMP's European rival, Deutsche Bank. However, the bank's overall fourth quarter results missed estimates net income came in at €2.15 billion for the last three months of 2022, so down almost 7% year on year. Okay, in the oil sector, BP is hiking its dividend and extending a share buyback program after reporting record profits of almost $28 billion for 2022. The odd chance fourth quarter adjusted net profits missed expectations, however, coming in at $4.81 billion. CEO Bernard luni told Bloomberg, the company will now return more money to shareholders. And we're going to increase the dividend by 10%, and we're announced another share buyback of $2.75 billion. So shareholders are the owners of the company crucial to our success. BP CEO Bernard Looney also said the company will now slow down its plan to get out of oil and gas and will be less aggressive in curbing its carbon emissions. Now to central banks, the Atlanta fed president Raphael bostic says that the main job is controlling inflation and that there may be more work to do that story now from pubic Charlie pellets. Bostick says January's strong jobs report raises the possibility that the Central Bank will need to increase rates to a higher peak than policymakers had previously expected in an interview with Bloomberg news, bostick said of a stronger than expected economy persists, quote, it'll probably mean we have to do a little more work. Bostick reiterated that his base case remains for rates to reach 5.1%. In New York, Charlie pellet, Bloomberg, daybreak, Europe. The White House says it's looking forward to recovering data from the downed Chinese balloon. Bloomberg's Ed Baxter has the story. It says recovery efforts are in full swing, spokesman John Kirby says they aren't worried about any lost intelligence to China at this point and says this is not their first dance with a balloon, some dating back to the Trump administration. At least on three occasions, surveillance balloons by the PRC transited U.S. airspace. I will say that for maybe an indication that we have that that was for brief periods of time. Kirby says they hope to find out how high up the China leadership food chain decisions were made. In San Francisco, I met Baxter Bloomberg daybreak Europe. Okay, those are a few of our top stories for you this morning. Coming up in a moment, we're going to bring you the full interview with Danny blanchflower Professor of economics at Dartmouth college and the former monetary policy committee member at the Bank of England. Obviously he's a dove, but he's saying that the Bank of England is really making the wrong decision. They should
"bp" Discussed on Bloomberg Radio New York
"Who is BP pulses first partner. Okay, so BP poles keeping the cab drivers and the couriers. The Cuy is happy there. Let's get to GSK in the drug space. What's happening here? Yeah, so they are taking a step forward to regulatory clearance of a new vaccine. Now that is for respiratory cyclical virus and it causes hundreds and thousands of hospitalizations in adults every year and has actually been something that the farmer industry has really been trying to nail down for a while. And GSK's results this morning were quite impressive on that vaccine trial. They said the shop was 83% effective in older adults and they said it's a pivotal phase three trial. Now they expect to file for regulatory clearance in the second half of the year. And for GSK as a company, this is a really good sign obviously they've split off their consumer arm and now they say that they're going to become a pure play farmer business. And so these kind of drugs are really important. These kind of vaccines coming through the pipeline will be really important for their future prospects. Okay, now this is fascinating. You're bringing me a story about the chess world that's not about whether someone cheated or not because that's all I've been reading about chess recently. It's not about a Netflix series, but it is to do with financial markets. What's going on? It is to do with financial markets. And look, chess world chess for the first time probably in my living memory, at least or since I've been conscious of the news. It's actually been quite interesting. Now, in another step of them being quite interesting, they are going to be listing in London. Now, I don't think it's going to be a blockbuster listing, but what it is is potentially a very important a very interesting listening to be having on the exchange. Now, world chess, they are the company that they've run a number of tournaments, but they're also their job is to promote the mass market appeal of chess and they say that they've got more than 600 million active players, and that's really significantly because of the growth in online chess playing. But they are saying it is less commercialized than other sports. And as a result, they are going to try and raise €8 million to improve that commercialization and try and grow their sport. Less commercialized and if you go with the principle that any news is good news and it all helps with the PR, then maybe some of the controversy of late might assist in bringing more players to the games that's world chess PLC. Thank you very much for that, Charles Charles cape and capable with the London rash and for more on these stories, of course, you can go to the London Russian Bloomberg dot com and of course you can find more details of the London rush on the terminal when we come back, we will hear some of the highlights from the Bloomberg invest conference it's underway in New York. This is Bloomberg.
"bp" Discussed on Bloomberg Radio New York
"Any economist and way better than yield proven version is actually ticking up unemployment, the Somme indicator, which is a measure of taking up an employment. That's the best indicator that we're going into recession. We're way off of actually triggering that. I mentioned crude oil trading lower, oil stocks, moving lower as well ExxonMobil, for example, down now by 5% BP down 6.1% Chevron is down 4.6%. EOG Resources, lower by 7.8% and pioneer natural lower now by 5.6% again. We've got West Texas and media crew down ten and a half dollars a barrel to 97 89 a drop now of 9.7%. Sources tell Bloomberg the U.S. is pushing the Netherlands to ban ASML Holding from selling to China, mainstream technology, essential in making a large chunk of the world's chips expanding a campaign to curb China's rise. And Tesla investors have a lot to parse after the July 4th holiday at disappointing quarter of deliveries, a record month of production and now several weeks of downtime at multiple plants. Tesla shares lower now by 6 tenths of 1%. Again, recapping we do have stocks trading lower with the Dow, the S&P and NASDAQ all very much on the minus side, ten year yield 2.78%, the S&P down one and a half percent lower by 56 points right now, 37 69 on the S&P. I'm Charlie peloton. That is a Bloomberg business flash. This is balance and power with David Weston. I think the most important thing we can do to make our schools safe is to make our community safe. Inflation is not the kind of problem that was in the 1970s where we thought things were out of control. Where the world of politics meets the world of business. After talking to people, they are looking to us to fulfill this agenda that's been laid out by President Biden. The president understands that prices are a challenge, which is why he's focused on
"bp" Discussed on Bloomberg Radio New York
"There practices in the oil industry that are indefensible that you struggle a lot of times to defend I'm thinking about lobbyists something about other things climate change deniers like how do you deal with those personalities in your industry Well the first thing I would say francine is that BP was actually the first oil and gas company to my knowledge that in the late 90s and 1998 acknowledged that there was a link between human activity and climate change And that was John Brown and a speech in Stanford in 1998 and I had the privilege of working with John in the 2000s when he was chief executive So that's the first thing I think we're very much on record as not being a climate denier The second thing I would say is when you talk about lobbying we produce a report now I think it's every two years And what we do is we work with trade associations some of whom who lobby and we say we're going to be very transparent with you If we disagree with you and if we disagree with you consistency we will leave these three associations And I think we've left two if not three organizations already Then there is a group in the middle where we feel we have some misalignment with And we will be transparent on that And then there are those that we are aligned with So the whole thing here is to be transparent is to be upfront is to there is no hiding today as you know So we have to be transparent We want to be transparent and we want to show people here's what our positions are So when will you no longer have fossil fuel and actually I mean do you have to rebrand BP British petroleum do you have to be called something else Well I happen to think BP is a fantastic brand and I know lots of people don't maybe but I certainly do and there's a lot of people that we work with in countries all around the world that have sort of an enormous warmth towards the brand of BP and we serve over 10 million customers a day We're going to bring that up to 20 million customers very very soon We don't need to rebrand BP So you're not going to be called British energies We need to deliver We need to deliver on the plans that we laid out That's what we've got to do Year one we set direction Two we restructured Now it's about one thing One thing only delivery And we can show those people who are skeptical about whether this is all greenwashing And I can assure you if you look at what we've done in the last two years you wouldn't call this greenwashing We didn't do the biggest restructuring in our history just for greenwashing That was a very painful experience So there's an exciting new world of EVs What's your biggest concern about this What keeps you up at night when looking at EVs is it the charging where you charge how you charge how you power them Well our business is in EV charging And I'm super excited about the EV charging business So if you think about it we have a physical network of gas stations today 550 million people in the world live within 20 minutes of a BP petrol station or a BP gas station So we've this enormous asset called our physical infrastructure We're going to change that over time to ultra fast charging Today every week in the fourth quarter we're adding a 115 charge points per week We sold four and a half times more power through those chargers in 2021 than we did in 2020 It's an enormous opportunity for a company like ours It is all about fast charging That's where we're focused 150 350 kW chargers People want to know there's going to be a place where they can get a charge and get a bit of fast Right That's true And you can get a cup of coffee and a marks and Spencer sandwich in the UK which is also very very important So I'm very excited about this space We're going to lean we're accelerating our ambition It used to be 70,000 charge points Now we're up to a 100,000 We're putting more capital into it Very exciting We're in Germany We're in China We're in the UK and we're just entering fleets in America We're in early 2022 and we're going through a huge I mean we're seeing actually a huge energy crisis And a lot of analysts say this is because politicians countries even companies didn't plan for the transition Well look there's a lot of reasons as with many things in life There are a lot of reasons why we have an energy crisis today Things from weather no hydro in Brazil no hydro in Norway maintenance How much of it is the transition I think what you will see is what we've learned today is that unless we plan properly to handle both demand as well as supply then we will have a problem because if we take supply down and don't do anything with demand there's only one response which is prices go up And what I'm worried about francine and a lot of people are worried about is that that will somehow be connected to the transition and it will turn people off the transition when in fact we need to transition to accelerate So what do we need now for the transition I know there's also products that we need in making these renewables and also making these EV chargers that were not taking out of the ground fast enough We need to understand that it is a transition It is not there I said a light switch We have to move from today's system to tomorrow system And we need to remind ourselves I think you've had Mark Carney on your show here We need to remind ourselves what Mark says We need to start every meeting and say what's our objective Our objective is to drive emissions down Our objective is not to defend an ideological position about I don't want hydrocarbons If we can move from coal to gas and that reduces emissions we should do that We should do that because it's one step on the journey If we can move from diesel to biodiesel we.
"bp" Discussed on VUX World
"Absolutely right. When you have the capabilities, your customer journey dictates what faculties you want to be employed for a particular solution. So what is the customer trying to do? What are the things that you? Because oftentimes, we have the interaction happen through more than one touch point. So you have seen obviously the cable bottom guys and some of the cable companies trying to offer customer support service. I don't know which is what is aja 45 and which of these slots that I should plug that into. You need to see what the person is seeing. And through the camera, the simultaneously, you're watching, you could be holding one device for this and then another device that is showing the camera, or you could all be in one device. It has a case name. So you have a group of devices that you can employ as part of your workflow interaction. Some of the nurses that go and offer the care patient care. They have a lot of healthcare HTTP profile devices like measuring instruments. So they can just say once they measure BP or whatever, they can just say, okay, read that into this. And then the whole thing comes into your device. And once you measure it, because it knows of the presence of other devices in the vicinity and it knows how to connect to those things and it is aware of the fact that there are other devices to discover. That are going to be paid now. And this also can apply to your core capabilities in fact, I've written a spec on this at W3C on discoverability and of the capabilities. So for example, my assistant today, let's say my what happens when you go to a bank and you have a concierge person that kind of tries to address your needs. And then they try to get the other person to come and help you with the financial advice or mortgage or anything else because those people are subject matter experts. But when you do when you ask, you know, what kind of core home can I have heard and things like that? And if I don't find the mortgage guy available that day, they will say that sorry today is not available. But if the person is available, let me get there for you. And that's why you see that means you have, as a concierge barter, a master bought a master assistant, have the ability to see what other faculties, faculties that you have, that you can apply as part of your solution..
Washington Free Beacon: Biden Pressured Oil Execs to Decrease Output
"When the Washington free Beacon one of the great sights Despite reassurances from The White House that it is doing nothing to discourage oil companies from opening new drill sites President Joe Biden's allies in Congress just months ago pressured oil executives did decrease outputs Because of climate change raising questions about the Democrat party strategy to lower prices for consumers I might add That they're slip and fall ambulance chasing hate America lawyers have done the same thing They sue them bring civil suits stockholder shoots suits class action suits In order to try and force them to adopt quote unquote climate change policies In late October for example the House oversight and reform committee controlled by the Democrats of course Called in the CEOs of Exxon BP shall and Chevron To explain what steps they're taking to produce less oil and less scarce With representative Hank Johnson Democrat of Georgia nitwit alleging that quote the world can't wait any longer At the time gas prices were hovering around a ten year high This October Meanwhile Biden said this week that his administration's policies are not holding back domestic energy production echoing comments from press secretary Psaki who said that federal policies aren't limiting the supplies of oil and gas before mentioning thousands of unused pre approved oil and gas drilling leases
The Market Got Hammered Today
"Is pretty wild. We get a market that, let's see where we end off, but just getting hammered today, I expected that it would. In fact, Fridays turn around in the markets really shocked me, although we did, I remember reopening after 9 11 and there was kind of this pre patriotic push. I think the reality, though, here is we are in a very different world. This is very uncharted territory. We are going to be looking at a market that experiences continued downside, I would start looking for value opportunities there. I think you've got a little bit of time because I don't think that this is going to turn around overnight. Unless, unless we're really able to see some demonstrable change in terms of the inner circle of Putin's all of these sanctions, by the way, do have their effect and I'm a big believer in using financial sanctions to the best of our ability. I mean, we certainly don't want to be sending American lives, right? But if we lose a few dollars along the way, if BP has to lose its 20% stake in raw stuff, you know, I'm okay with that. And I'm okay if I'm a shareholder in BP or some of these other multi global corporate multi state corporations, global corporations, I'm okay losing a little bit of that value because I think this is just the necessary pain that we're all going to take right now. The problem of course is it is going to have an effect on the middle class and I'm going to get to that momentarily. But just in terms of the markets, you will probably see more and more volatility more and more downside in the coming days is all of this really sinks in. At some point though, it's probably going to be a buy because I am a long-term believer in America, a long-term believer in freedom. And freedom will prevail
"bp" Discussed on Bloomberg Radio New York
"To create value And my job and our job is to prove to our shareholders which we are increasingly doing and we had a great day last Tuesday where we updated the market on our strategy And it's beginning to really click We can perform and deliver for those shareholders to date They're getting an incredible dividend They're getting incredible share buybacks At the same time we're investing by 2025 over 40% of our capital into transitioning the company Are there practices in the oil industry that are indefensible that you struggle a lot of times to defend I'm thinking about lobbyists something about other things climate change deniers like how do you deal with those personalities in your industry Well the first thing I would say francine is that BP was actually the first oil and gas company to my knowledge that in the late 90s and 1998 acknowledged that there was a link between human activity and climate change And that was John Brown at a speech in Stanford in 1998 and I had the privilege of working with John in the 2000s when he was chief executive So that's the first thing I think we're very much on record as not being a climate denier The second thing I would say is when you talk about lobbying we produce a report now I think it's every two years And what we do is we work with trade associations some of whom who lobby and we say we're going to be very transparent with you If we disagree with you and if we disagree with you consistency we will leave these three associations And I think we've left two if not three organizations already Then there is a group in the middle where we feel we have some misalignment with And we will be transparent on that And then there are those that we are aligned with So the whole thing here is to be transparent is to be upfront is to there is no hiding today as you know So we have to be transparent We want to be transparent and we want to show people here's what our positions are So when will you no longer have fossil fuel and actually I mean do you have to rebrand BP British petroleum do you have to be called something else Well I happen to think BP is a fantastic brand and I know lots of people don't maybe but I certainly do and there's a lot of people that we work with in countries all around the world have sort of an enormous warmth towards the brand of BP and we serve over 10 million customers a day We're going to bring that up to 20 million customers very very soon We don't need to rebrand BP So you're not going to be called British energies We need to deliver We need to deliver on the plans that we laid out That's what we've got to do Year one we set direction Two we restructured now it's about one thing One thing only delivery And we can show those people who are skeptical about whether this is all green washing and I can assure you if you look at what we've done in the last two years you wouldn't call this greenwashing We didn't do the biggest restructuring in our history just for greenwashing That was a very painful experience So there's an exciting new world of EVs What's your biggest concern about this What keeps you up at night when looking at EVs Is it the charging where you charge how you charge how you power them Well our business is in EV charging And I'm super excited about the EV charging business So if you think about it.
"bp" Discussed on Bloomberg Radio New York
"As you mentioned China is urging people to stockpile food for winter prompting cut public concern The government tells local authorities to stabilize prices and ensure supplies of daily necessities including vegetables are available through the winter and into the spring the appeal spark speculation that it's linked to a widening coronavirus outbreak A labor MPs proposing a ban on wet wipes containing plastic Fleur Anderson's Bill which would prohibit their manufacturing sale has a first reading in parliament later She says 90% of the 11 billion wipes use in the UK every year contains some form of plastic And NASA and SpaceX delayed a mission to send four astronauts to the International Space Station for the second time the setback is due to a minor medical issue with a crew member the astronauts were originally due to blast off last Sunday but was stopped by bad weather The lord is now scheduled for Saturday Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries I am Anna George This is Bloomberg Anna Thanks very much Hannah now on to one of our top but interviews this morning BP reported adjusted net profit for the third quarter of the beat estimates the oil major energy giant also announced plans for a further $1.25 billion in buybacks I spoke with the BPC yo Bernard Looney earlier today and we began by discussing the third quarter results Yes it's another strong quarter from BP's our third strong quarter in a row another beat $3.3 billion of underlying earnings very strong cash we generated about $6 billion of cash when you adjust for working capital That was actually close to $8 billion in the quarter That meant Anna that were able to drive net debt down further 6 quarter in a row of net debt coming down to 32 billion And then we've announced a share buyback program which is $1.25 billion which takes us to over $3 billion for the year And I think obviously the environment the oil and gas prices helped we did have a strong quarter and trading as you point out But all of these things combine to a business that quite frankly is running really really well So a great quarter really for the company Okay a great quarter and bringing net debt down again something I've noted Tell me about the return on average capital employed I'm not sure what you've said about this This morning But I wonder whether you can tell me when that's going to get to double digits Any thoughts on that Well we have a plan that we laid out in August of last year which has a number of targets that we are focused on one of them is to deliver between 12 and 14% return on average capital employed by the middle of this decade by 2025 We're well on track for that at today's oil prices As you might imagine we're doing very very well So very focused on the operational reliability of the business reliability up availability up in the quarter very focused on capital discipline being very careful $13 billion going into the business or maybe a little bit less This year So all of those things coming together to very much online and on track to meet those return on average capital employed targets I'm thinking about the return of cash to shareholders You've mentioned the news about the buyback You already had a buyback in the works and you increased your dividend earlier on this year Is this as a result of investors saying that this is what they want to see To stay invested in big oil or big energy as you're becoming they need to see more cash return to them Is that what investors are telling you This is a result and other business that's simply performing really well and is very leveraged to price And that's what you're seeing now is quite frankly at these prices and business that is a real cash machine And that allows us to do what we did in the second quarter that 4% high can the dividend We believe we can raise it 4% per annum through to 2025 at $60 oil $1.25 billion again this quarter that's $3 billion now This year so far And we think we can do a billion a quarter now to 2025 at $60 So it's really the results of a business that quite frankly is running really really well really leverage to price and giving investors to cash and returns today that they want and need while at the same time transitioning the company for the future And it's what we call performing log transforming and I'm going to say it over and over and it sounds a bit boring And in some ways it is But it is the essence of our strategy to perform for our shareholders today while transforming the company step by step for tomorrow Okay performing wealth transforming very much the mantra still over at BP to BPC O bernardini speaking to me earlier on Bloomberg TV and he was saying there's no activist pressure to break up the business We've certainly seen that kind of pressure being applied to rivals such as shell Caroline but there's no such pressure he says happy P yeah and what are the pressures then for Unilever when it comes to climate change the CEO speaking to Bloomberg this morning So we'll bring you that sound You leave a CEO Alan joke that's coming up Next this as European stocks this morning are down three tenths of 1% Futures in the red for the U.S. markets also This is Bloomberg.
Rep. Byron Donalds Accuses Democrats of Rank Intimidation Against Oil Companies
"But Byron donalds is a congressman from around Naples the Naples area of Florida Is an African American I saw him on TV once I thought he was superb and I brought him on life liberty and levent He said really good guy Turns out he's been listening to me on the radio for years And since we've had him on he's been all over Fox Why Because the other host know a great guest when they see one On my show of course And anyway so Byron donalds was at this hearing yesterday and he had had enough He heard this crap And here's what he had to say cut 12 go First of all to the witnesses the leaders of Exxon Chevron BP shell I know that the climate activists and Twitter world which Dave Chappelle says doesn't exist and he's right because it's just people who have nothing better to do with type on your keyboards And we do it too here in Congress But let's be very clear you need an apology because what I witnessed today was just rank intimidation by the chair of this committee Trying to get you to pledge on what you're going to spend your money on is a gross violation of the First Amendment And just because we're members of Congress and we got microphones and we passed laws does not mean that we also have the ability to infringe on your ability to what to organize whether it's API or anybody else or what you choose to spend your money on It is
"bp" Discussed on Oil and Gas Startups Podcast
"Guidance of boone pickens Toby lofton started. Bp capital fund advisors under boone's guidance Back in two thousand ten and then twenty thirteen. We launched two funds as you mentioned a midstream fudd and energy transition fund prior to my time with Bp here i was with a group called group. They are a hedge fund which was a wholly owned by or x. Orcs is a japanese specialty finance company. I've managed midstream assets there. A prior to that. I was with the family office in dallas Called ag hill partners branch of the The hill family and descendants of Al hill junior rally hill senior downhill junior and manage public and private Equity interests as well as mineral interests and managed a a A drilling Venture with a partner in west texas prior to that. I was with A small firm called ops capital which. I was a co-founder along with two other A gentleman that We branched off of our prior positions with hedge funds. I was pr prior to that was with carlson. Capital large multi strategy hedge fund here in dallas Working specifically on the energy sector in a long short strategy capacity and got my start in the gas research and investment sector with raymond james after business school and that was nineteen ninety. Eight so tricia. When i started this business everybody has a story where oil and gas was back when they started. Oil was ten dollars in the fall of nineteen ninety. Eight and natural gas was a dollar. So we've we've e. station crisis and we're going to get we're gonna come back to that a little bit with the dot com bubble but Yeah those really fun. Time with eight dollars a barrel in nineteen ninety eight so a little more than thirty seconds on the background but happy to continue on a strategy and talk about the way we look at energy. Which direction would you like me to take. Well you know. I would like to. So we'll we'll set the preface to this as that you know oil is it it just shy werner sixty six bucks a day wti. And i think that. There's i personally i that. This market is one of the most unique markets. We've been in in terms of or thinking about stocks right and you'd be kappa liga's largely. That's that's what you're you're investing in in various equities and i think that A lot of people don't really understand it You know if you're if you're under if you're analyzing the oil market that's one thing but actually the actual stocks and investing in it is is a completely different thing and right now we have massive massive bifurcation in the us upstream space where we have private sterling and going to town as they should be doing on giving more prices are at and we have public are you know supposedly relatively more muted. And they are. They haven't they haven't ratcheted things up there so growing and they're still using you know maintenance capex on the growing five percent or ten percent or all of them basically in their in this last q earnings in two thousand twenty one all of them all the big companies which you have in your holdings basically at the high end of their guidance in terms of production but not in terms of capex. and so. we're all sort of nearing you know pushing this envelope of production. But i think there's an interesting implications for that of you know we've not seen a i don't think we've seen the regulatory burdens risk and i would like to ask you. You know if you've You've been in this business a little longer than i have and you..
"bp" Discussed on Oil and Gas Startups Podcast
"Everyone today is today is wednesday august eighteenth. If i'm correct. I just did a podcast yesterday. So we're doing. I'm doing some backed back today. And i am deeply honored to have. Uh somebody by the name of ben cook here today with me. This is the episode. Twenty six of the petrous podcasts. It is august eighteen. Twenty twenty one. Wti is hanging around these sixty six dollar levels. And ethan bellamy cannot be with us. Today is with his family north carolina. But i am I'm honored to have a ben coke with ep capital here today and we're gonna talk about a lot of the things that I've sort of wanted to talk with with folks about you. Know i know. Chuck gates has a has a podcast where he worked at. Cain anderson he discusses gets into some of the stuff on his podcast. You also you know had a A weekly Weekly chat group on clubhouse where the bus on this and another dan pickering would chime in. And so echoing some this as well but but ben actually is in the capital and they have a couple Funds in particular one is a midstream fund in one is the energy transition. So we're gonna talk about some of those really. We're just gonna talk about the market. I was really an honor to be able to talk to ben a couple of weeks ago when we discussed the market and i thought well we should just be putting this on a podcast because the contents really great and you guys know that listeners. Probably know that i'm. I'm a little bit. Skeptical of how or have uncertainty questions on. How some of these operators are valued. Obviously we're seeing lots of trends in the market right now. Share buybacks and everything. So i'm gonna let i'm gonna lead ben give a you know a quick thirty second intro boasts about himself and is wells about Bp capital and then we're going to dive in thanks very much tricia. It's good to be with you..
NASA Is Digging Into a Problem
"Unlike rounded weathered rocks on earth the dust and dirt particles on the moon are irregularly shaped crushed rocks with sharp angles the abrasive nature of lunar regular creates a host of challenges for landers robots and scientific equipment sent to the moon but nasa researchers are digging into the problem with the help of an earth stimulant that has similar properties to moon dirt be one an economical commercial byproduct of certain mining operations comes from the black point lava flow in northern arizona from surface experiments to vacuum chambers nasa uses bp one to help researchers better understand the interaction between rocket exhaust and the lunar surface one hundred twenty tonnes of the stimulant can be found at nasa kennedy space center in a lab area nicknamed the big ben where they test how robots will perform on the moon ground tests using the stimulant help. Researchers validate predictive models of plume interaction and determine which instruments will get left in the
"bp" Discussed on Accelerate!
"What are you as a group what are you. What are you what your marta to learn more about. How has what you learned changed your thinking. You know it's like yeah. You probably ask all those questions but you know maybe you pick two of the five to really love set because of you. Then just go into what you think. You're going to talk about whether it's during a meeting or a presentation or demo when you could be missing the mark a hundred percent when you you've written about your three layers of of qualification. Is those really map to i think. A framework for sellers to keep in mind. Is that people go through three stages of understanding to reach understanding. Now there's and people various names for these. But i you know the first stage is not knowing right. You don't know what you don't know the second stages uncertainty i. I think i know what's going on. I think i understand what's happening. But they're still some factors play them not completely completely nail down that could affect the outcome and then understanding. And it's not just you going through that. It's your buyer as well so the buyer's going through their own stages of understanding potential outcomes are they've got uncertainty. They reach a stage where they think they understand. The problem. potential outcomes and perhaps the the alternatives exist in terms of how to solve it. But yeah they're not completely sure and they're still learning that could be a factor that changes that sort of a seller standpoint. You need to be thinking about not only your own level of understanding which ties to your layers of qualification and i mean discovering qualifications go hand-in-hand right. So yeah i mean think instead sellers. Is that every interaction. You have with a buyer you're going to have trust building connection building trust building. You're going to deepen your discovery and deepen your understanding of what the customers trying to achieve. And you're gonna deepen the level of value. You're going to provide to help them make progress or make indecision every interaction. It's not segregated into stages every single time you interact with the buyer. Those things have to happen right right. You're pointing those things forward and and and you can't really do that unless you sort of have this. This habit around level setting and asking open ended questions. I think that a lot times sales people. They don't want the answers answers to the question so they don't have them narrative have yeah they just want they just want to. You know it's like they had their by the product. Yeah we had our demo plan. That's we don't ask any questions that we get our agenda for our demo time he'll off script and so Yeah it's just it's it's it's just so essential overlapping on all of that. Is the other stuff that we talk about that. Where where the that same bind group or your team or whatever it is you know for your product or service. They are in a data right. Now they're distracted overwhelm and they wanted to be simple and they wanted to have immediate impact. gotta be really spot on And so it's it's it makes for a pretty complex at settling environment right now and buying environment. And i think the successful salespeople that went in strong and then are open enough to to adjust our figuring out. I have clients. I have one client best year. Ever in the history of their company I've got other clients that that have have done really. Well held their own or or or or better. And then you know some companies. Just can't or even salespeople and managers. bp's they just literally It seems like they're stuck. The cannot adjust and i'll make it.
Activists Protest Shell Museum Sponsorship
"Chris before we talk about the specific actions last weekend. Can you set the context of the oil sponsorship at the science museum and recent events. Sure so there's a long history of oil sponsorship at the science museum as the energy gallery. Which a lot of people go to but some refers fl was actually designed in close collaboration with a team from ep and so when the science museum director is constantly saying there's no editorial influence or anything like that actually not an accurate picture till and at this point in time. Show is the real focus of the campaigning. Because it's the sponsor of this new exhibition of future planet on climate solutions on things like carbon capture and storage which fossil fuel companies often overstate in order to keep drilling from all oil and gas. But they're not the only one say back. The science museum opened one lab which is actually one allowed. The equitable battery and ecuador is the norwegian state oil and gas company and they have recently said. We're gonna continue increasing all out over the coming decade. The basically have no intention of getting to where we need to be to. Climate change anthon. Bp also remains a partner. The science museum is actually helping. Trading sunset Since stem education as well so the fossil fuel industry is deeply embedded in the museum and the director is very happy to defend and maintain relationships.
BP's EVP of Sustainability Giulia Chierchia on Divestments in Polluting Assets
"Potential strategy for a company in order to have their company appear to be much more. Environmentally friendly is to sell off their most polluting assets. What is to stop companies from doing that. And where do you think. There is a place for leadership in trying to make sure that that is visible in the industry to the investors. I think divestments is as we've shed one of a critical elements actually of all strategy. The way we actually look at divestment says one of the critical elements strategies that divestments basically helps in our case advanced world towards netzer and the reason for readers were actually divesting assets and we all reinvesting the percy's into creating a low-carbon supply so it's not five for the second time Divestments in reinvestments into low carbon supply and so that actually advances the world in the energy transition in the sense of actually bringing in that capacity that additional common capacity in solution online.
BP's Role in a Net-Zero Carbon World
"What is it about that you think differentiates them in this space that it's quite progressive to say that you're you think that an oil and gas firm is exact right place to be in looking at decarbonization the energy transition. I actually think that if we want to play a critical role getting to the paris alignments the carbonized energy systems. We need to walk energy companies. I think that's the first element brooches you conscious decarbonize energy systems by walking with companies. But if we really want to get the pass alignment winnie talks support such as us which energy plus industry transport represents seventy percent of global emissions. So we need to really work with companies such as Gas companies to actually help them decarbonised in. Go along that journey. So i i don't see joining a company such as vpn Gas company which is committed to she decarbonising as a progressive jenny. I think it's actually very much lines towards the ambition on the purpose in terms of what is unique about ep. When i actually had my first conversation with the time when i was actually considering jet joining the had already involved on a series of multiple conversations with multiple types of stakeholders from institutional stakeholders eeg governments. They called as with investors across the world and with less obvious stakeholders such as ngos and some of the most challenging gio so there was a whole process of listening which was going on and that person of listening actually very much shaped his perspective and also the l. tease perspective leadership teams perspective. So what. I was actually struck by the super superstrong alignment within the whole leadership team within the company itself on this ambition to transition at the end of the day. If you're actually working in the morning gas company and your delivering energy to the world he also wanna feel good about what you're doing and in equivocally we all delivering energy to the world's anna frame of the energy transition we have capabilities in the skills to continue doing so trudy energy transition and and towards the low-carbon well
Police Say Nearly 250 Arrested in Minnesota Pipeline Protest
"People turned out in pretty large numbers in northern minnesota this week. More than a thousand people there to protest the construction of a new multi-billion dollar oil pipeline a pipeline that among other things would cross through the delicate headwaters of the mississippi river. The protesters are trying to block that new pipeline and all the environmental hazards that it brings with it. A separate group of protesters made their way into one of the new pipelines pump stations. That's currently under construction. They piled a whole bunch of stuff including a vote at the entrance way so nobody could get in or out. The demonstrators then started locking themselves to the construction equipment bodily at at that site that had the effect of shutting down all work on on the pipeline for the day. Eventually police showed up. They started dragging protesters through the dirt to arrest them. About two hundred. People were arrested just at the pump station but the response by law enforcement wasn't just a local one in terms of local minnesota police officers. Look at this. This is a helicopter belonging to the federal government. Us customs and border patrol cv. Pista flew this helicopter. Really low dangerously low over this pipeline protest using the rotor wash from the chopper to blow dirt and debris all over the place apparently to try to get those protesters to leave see. Bp now says they are investigating the use of that helicopter. You're not supposed to use a government helicopter like that even if it is against protestors especially if it's against protestors this pipeline which is called line three it's pipeline by a company called bridge it was approved greenland under president trump. The protesters are pushing for president biden to suspend the permit for the pipeline before construction on it finished about two hundred. Protesters are camped. Out along the pipeline. Saying we won't stop pushing. They're not saying they won't leave
Marketing Missing In Conservative Views
"Said I've been around He shall remain nameless. This guy I've been around Republican politics for a long time. And the problem is all of our donors who influenced the message. They're like commodities type people, You know they're in the petroleum industry, the gas industry and there's really no marketing in that. It's not like you know, if you go toe Exxon or you go to BP, like, Hey, go to BP. This gas is really super hip cast. You're like it's gas. Whatever you stop, whatever gestation, whatever the price is cheaper. So, Yeah, There's a little bit of marketing in it. But the people who run those companies and influence the GOP and the message, air quotes Don't really have any skill in marketing. And I listened to him and I said, Ma, it's pretty genius. Trust me. This guy, this guy I've been around a long time. He said. On the other hand, James, wait his eggs in mortar that yes, there is, he said, on the other hand donors that influence liberals and the Democrat Party and get their message pushed into the Democrat ecosystem. Roll the tech people where marketing is everything. Your
A Message to CEOs: Act On Climate, Or We'll Cut Your Pay
"A lot of companies have announced ambitious goals to fight climate change. But who's keeping an eye on those companies to see if they keep their promises as npr's camilo domino's ski reports activist investors. Want to tell. Ceos cut your emissions or will cut your pay. Big companies are talking a big game on climate. Whether they're tech giants. Twenty thirty apple will be one hundred percent carbon neutral for our entire end to end footprint. Food companies like nestle. I'm committed to do what we can to protect our planet for future generations or even oil and gas companies across pay. We are changing to support our net zero ambition. Maybe you're skeptical. Maybe you remember twenty years ago. Bp pledge to go beyond petroleum and kept on pumping oil. Maybe you're wondering what happens if these promises are empty and often times when you find somebody is not making progress against that goal or we just stop is investors. Hearing about the goal. It's time to increase pressure on the company. Pat me nail tomato is with seven asset management. A socially responsible investment company and he says one way to increase pressure is to go to the board directors with this idea. It's time now once there's a goal in place to tie performance on that goal to executive compensation. Ceo's get huge incentive package is designed to reward them if they grow profits or promote worker safety or boost customer satisfaction companies could change those packages to peggy some pay to meeting climate targets so if executives hit their goals they get their full very large bonuses if they fall short their paychecks all to after shareholder pressure companies like apple and shell have actually said yes to this. This is new.
"bp" Discussed on The WordPress Photography Podcast
"Building the studio out of your house but Which can see all the gets all the stuff that hasn't gone into walls until we move in. I mean everybody's watching the video of this. You'll see that. I i'm in the same boat. I mean i. I've always had done it. Be basically in an environment or out of my home. And that's what i'm doing now anyway so But can you talk about everything else. Like any other changes that you've had to to make to adapts to everything that's That's happened I let my cps membership go just for the year. I'm thinking to myself. I'm really not shooting. I can live without. Cbs for a. And if i need to get clean. And i'll pay for it but you know you start looking at ways to cut down on overhead. So obviously the biggest was the studios am n After that i had a punch list of what we were going to reinvest into this year so it was like. It's around that time for me to get some new monitors know the ones i have about five years old. I was going to upgrade our camera. Equipment i've been shooting with mark Mark for five fours and the our series. And i was gonna maybe invested to either one of the one day series or a couple. The new archives got put on home are advertising campaign. That we had set up for this year was yanked we we pull that back And then at that point it was like all right. Well then how am i gonna. I i am. I will be the first to admit. I'm very lucky in a financial sense. My my wife and i have done investing over the years and we weren't You know from a financial standpoint. That wasn't as much of a worry. I don't have a lot of people. Don't have that. And i'm very lucky in that my wife is amazing. Wanna come to that. She's the one that handles all of it. So i'm very lucky from that standpoint that that wasn't an additional weight on the but at the same time i'm a photographer photojournalist like this is what i do for a living. How the hell do you stay busy when there's no life happening like how do you document life. There's no life you know after a while he gets to the point. Like how many shots do we need. People in masks or empty storefronts or empty streets and got depressing really did so i mean that was as far as having to make those difficult decisions on things that we had planned for for twenty twenty again. It was it was a kick in the crotch. It was not something that was wanted. Even go through and i was fine for like the first six or seven months by the time october. November rolled around the dark. Like i was in a really dark place. Because i didn't see a way out of it. I was seriously considering whether or not i wanted to head back in a radio Which is what. I did before i Photographer have always been in a photography. Since i was kid but.
Your Stock Market Snapshot for Tuesday, April 6, 2021
"Insurance, A lackluster day for US stocks with the index is holding to a narrow range and finish He never so slightly lower. The Dow Jones industrial Average East 97 points. The S and P 500 slipped four and the NASDAQ composite fell seven. Higher energy prices over the first quarter of the year. Have men good news for business at BP Theo oil, Titan says also that have seen signs the industry is set for a rebound after last year's pandemic induced losses. Today. BP shares jumped
"bp" Discussed on The Bronx Pinstripes Show - Yankees MLB Podcast
"He's basing bonehead decisions to be. Made some really big bonehead pitching decisions that that just you. You see the Inexperience alonso. i'm okay with him though right now. i don't think he's I don't think we could do that much better. That much worse. Ringing endorsement if there ever was one so two-parter now. I'll preface by saying the knicks again. Just played the heat. I'm got all the way up. Thirty seven years old. So i like for me it depends. You can always tell the age of a knick fan if you ask them who. Who's the knicks biggest rival. Because you get like if someone older over forty actually know if you get someone. That's over like fifty. I feel like it's gonna be the celtics if you get someone that's like a few years older than me is going to be the bulls get somewhat right around my age. We will limit younger. It's going to be the heat or the pacers so for me. It was those robberies. I haven't felt the rivalry in twenty years. I'll just be honest lakers. We've sucked and my the little bit of time that we were good. There wasn't enough time to develop those robberies Now it feels like we're starting to develop it again. A little bit with miami will see what maybe brooklyn Come up one. Who is the yankees biggest rival right now and to. I can tell you're confident about the team this year. But who is the team that you fear the most for the yankees in baseball season. So i you're right. The rivalries change and it depends on who you're asking based on the I think the age the when you started watching it so the obvious answer. The easy answer would be the red sox but it's not it's not the case that's not that's definitely not the biggest rival really on the field anymore. Because they're you know. I think unfortunately you go back to two thousand four when the red sox came back and they won and they beat the yankees and they come back from a three zero deficit and then they went and they won the world series and they want a couple more world series. At that point there was just a different feeling between the teams. The red sox won whereas before the egg is always. There was never an opportunity when the yankees didn't win. They always they always flush flush it out and and beat the red sox when you get that little bit of a taste of winning i. It's the rivalry. Feels different at that point right and then you go through a period of time. Where a team's not good and it dies out because it's not as much fun as i heated anymore and the players have all moved on. So now you're in a new group of players you're trying to establish those those same feelings with the same guys but you can tell that they don't feel it as much on the field and that definitely comes through. I think so. i'd say right now. Two years the astros were definitely the the team in two thousand seventeen. I hated the astros. More than i hated anybody. Then the whole scandal thank can. I hated them even more with a much larger disdain for very different reasons i i respect. I respect my rival. Because it's more fun and they're good but at the same time there's a there's a special type of hatred that lives between the lines that you can muster up. Can i ask. Is that yankees pacific. I know it's hanky specific. Because i know all of baseball taste the astros to a certain extent. But do the yankees. Do you think the yankees and yankee fans hate them like more than any other. Yes oh yes absolutely they. The the astros got rid of the yankees in two thousand seventeen when they were again not expected that year but as the playoffs went on they take you felt it. They were playing well. They came back against cleveland. They were they you know they took it to to houston. They won game. They were not supposed to win at that point and then and then it was over and the and the the astro's beat them and you look back at that window and how that could have changed. What two thousand eighteen Was thousand nineteen with the yankees after a if they win that series. Let's say they're not they don't have the cheating scandal they don't they don't know the pictures that are coming and the yankees come out and they go to the world series very good chance to win the world series. Now that's different team different feeling. They've won. they've they've won a or even getting to a world series as young players as kids. I mean talk about the the level of confidence you have now as an just as a player going into next year and there's a who knows how the the history books change if that's the case but i do think it does change. I think that you could see the yankees going on a bit of a run there and yes it when you look back at how that happened now that we know it stings does. There's no doubt so. And the fact that they just don't shut up and they just they take down play and they keep talking about it like it's nothing it's like what are you doing. You've cheated. we we all know. It's we know you did it. And they're just arrogant as all hell. So yeah we don't like them. And i say we as the fan base well said ten. Getting up there though. Tampa is definitely a team that is they've they've gotten good man. They're also they're also very they're not top-heavy their peski their balance all the way through they got no name guys coming out That are throwing a hundred miles. An hour the stable of horses that they had in their bullpen. They have. they're very good. And even though they lost Charlie morton and blake now to top of the top line pitchers that they had. I expect them to turn it over and probably produced two guys that will fit the bill and they'll be there at the end so i think that's probably their biggest in division rival as well And probably the biggest deterrent from winning. The noca- is there anybody in the nfl. You're already thinking about or you're not even worried about that yet. I tend to not were. Dodgers obviously are just insanely stacked. The team is so good pitching hitting everything. You need to find a weakness on that team. the mets of a damn. Good team this year too. So we'll see what happens. I was waiting to hear when gonna figure aka fan fashion. We're just waiting for the shoe to drop to be honest but we'll see what happens. They have a good team. They have a good and they have a good pitching staff and they got some watching edge sitting. So am i on a more talking for the reactions. In honesty keycard. They have a good team. When you have a guy like the ground at the top of your rotation and you know now they. Have you know their shortstop. Hopefully of the future. We'll see if they can lock them up but they have a. They have a dynamic team they really do and they have good balance again. They have that good balance of of young guys in veterans. I think so. They could make some noise the yes three hundred three hundred eighty five million dollars. That's what my My match for news letter Told me this morning. That's what. I saw the counter twelve year counter. Would that be the biggest contract in baseball history.
"bp" Discussed on The Bronx Pinstripes Show - Yankees MLB Podcast
"A knick fan. I can't relate to no matter how hard i try. The youth movement thing in terms of like. That's been really fun for you. Like i've spoken about it on this podcast a few times like the the two thousand and eighteen nineteen nixon. Which if you remember it. God bless you 'cause you shouldn't. They won seventeen games and it was but we had ms robinson who obviously now hurt which sucks but like he was coming up here doing exciting stuff that franken kena who's drafted the before last year. We got rj barrett. It's like i'm with you on that one. There is something about when you draft the kid and the kid comes up in your system. That's awesome the other part of it when you said the yankees. It's the yankees be expected in the world series. Every year we try to win the world series of year. That is such a foreign concept to myself to most knick fans. I don't even know how to relate to that like we're sitting here. Watching the season is andrew was just talking about before were sitting here with twenty four and twenty three. We record this. It's been a really fun. Time for knick fans for yankee fans. i'm just wondering it's like there's now been i guess. Four straight disappointing playoff finish is like how. How is the fan base like gender. I know you're excited clearly. How was the families. Feeling about the yankees. Was the fan base. Feeling about being yankee fans right now. I mean everybody's gonna go place the yankees signed garrett cole last year at that point the the best pitcher in baseball if there with with probably jacob degrom is the best to pitchers in baseball. But you're looking at in two thousand sixteen when they when they went out and decided to make a make. A very une yankee move and they. They traded people away as a deadline. Which doesn't happen with the new york yankees And then you have this youth movement of guys who are coming up and actually playing much better than you expect. You expect them to not. Do you know. The expectations are low. And that's a big deal in new york. I think having the expectations understanding where they are. And then then you're feeling towards whatever that season is but we gary sanchez coming out. Look like babe. Ruth come hitting the ball game and the dude was literally babe. Ruth tear was ridiculous. So you had some of these new guys coming up and you you felt it was. It was a it was it was something exciting. Doesn't seventeen. I think when you see all those young guys you're expecting them two years three years. Maybe that's the window like three years two years they could compete at that point but in two thousand seventeen they had a love the roster and seventeen because they had a construction of young guys veteran guys very similar to the early construction of those nineties teams. When you saw the young guys of that era coming up the jeeter's the bernie's the You know that that world and then you. They sprinkled in the veteran players that were not only complementary but a few superstars as well but but they gel they worked really well. The construction was felt similar with matt. Holliday todd frazier and and judge sanchez. And these guys so. They played better. I think in seventeen and had a better year than anybody expected and that was fun. That was a lot of fun. Coming back in cleveland when that series and then of course losing to the astros in the al cs which looking back hurts even more understanding. That opportunity could have been in. What should have been so at that point like now. You're three window your windows out the door right. it's gone now. you're like okay. we got win. we tasted. We know this do this. Yeah they lost. They lost at the end here. And we're ready to go so now. Expectations are lofty. They go out and signed. Garrett cole you better you better compete for a world series and i think at this point anything less. Is that this appointment. I'm just hearing you talk about the construction of the rosters. And so i was massive yankee fan in the late nineties and into the early two thousands and i remember louis teams well and just reflecting back. Because i'm hearing you talk about it. I never thought for a second like oh we have the kids but at the same time. We have the right veterans that have been brought in. You just brought it up but that's still something that obviously goes on in baseball now in the nba. It's weird because there's this. I don't know if it's talking or for it's a legit thing that like you have to be on the same timeline like all your whole team has to be on. Like if the knicks right now their best players. I would argue or twenty. Twenty one in twenty-six right if they went this summer and signed thirty two year. Old demar derozan. Just pulling out of my rear end like people would be up in arms. Because they're like he's thirty. Two or j barracks twenty like. How does this work. That doesn't to people with baseball care about that. You just putting the best roster pasta by. yeah. I think with the young guys in baseball. It's different right because it takes so long for them to get to the major leagues. You understand where your window of opportunity is and there's nine is on the field and then you and then you have pitchers behind them and it's such a big roster that you have to have these complementary pieces that have their little role whereas i think in basketball you have your starting five and then you have the bench. I understand that you think there's a there's a The young guys. It's hard to win. The nba is a young guy consistently. So you have your veteran guys and if you bring in and spend too much money on a guy with with with other players who haven't developed into that type of player who can win in the playoffs and deep into the playoffs play for that championship. What are we doing. Why we wasted our shots at this point So at that point you're looking at almost development until those guys are ready to go and and really compete in. At that moment you surround them with the people. And that's why. I have a feeling you see all these super teams skies are all just at this point ready to go and and they they want to band together..
The Lady Bird Johnson recordings and what they tell us
"Thursday may fourteenth. Virginia in mid may is bombed for any troubles. No silent spring here. The green archer fresh bring leaves almost met over the rutted country. Would occasionally you would see a bright. Little chipmunk perched on radio fans it's been a bad week in washington lady. Bird finds herself in the rare uncomfortable position of being the subject of some pretty scathing press. So she's fled. Dc to get out of the spotlight and come to hunt. Land and estate in middleburg virginia about an hour outside of washington. Lbj and lady. Bird had made high profile tours of appalachia. I mainly on poor whites for one of the administration's first initiatives it's war on poverty and they've quoted massive press coverage tv radio and prince. Johnson continues the president's attack on poverty as she travels to the economically depressed areas of kentucky. The forty five counties making up this area present one of the nation's worst pictures poverty several times. Mrs johnson holzer motorcade degreed local school children who have gathered along. The roadside ladybird has been a public face for this up until now the media has loved her. There's actually no vice president at the moment because lbj was the bp under kennedy and according to the constitution there's no automatic replacement for him lbj's going to announce a running mate at the convention in august at the press corps. Traveling with the first lady has started referring to her as mrs. vice president. How serious is that. i don't know not fairy. But they've clearly picked up on something real about the way. She works with lyndon in a typical piece. Editorial in the lexington herald in kentucky asks. Why not an lbj and lbj ticket. Look no farther lyneham. Your big problem of running mate for this fall is now solved. It's none other than that. Charming texan. lady. Bird johnson ladybird lasted off but all this recognition has also made her a target. Read the papers and absorb the shock. Aptitude republican congressman's visit to my tenants that i pogo county. A couple of gop congressman decided to take their own poverty. Tour to alabama where ladybird has almost four thousand acres used for cotton and timber farming that she inherited from her mother's family. The congressmen go see lady bird tenants and put out some grainy black and white photos showing their ramshackle conditions tin roof shacks with collapsing foundations. No running water basically. She's being made to look like a slum lord and those optics as they say in politics are terrible. It could have been worse. I've got to thank some way to turn it into. A constructed in ladybird been in public life for decades. And she's savvy about the press. She understands the story could deal them real political damage so her first constructive step was to avoid the press by getting out of town. That's what's brought her to hunt land back in. Washington linden's really struggling. His civil rights. Bill is stuck. In congress is war counseled dean rusk mcgeorge bundy and robert mcnamara all holdovers from kennedy are pressing him on vietnam and he has a raging toothache and i was almost asleep. A little after tway out. He called me. It was a sad happy. Talk large about the alabama tenants and about his restive desire to seek a way out of the burdens. He carries but the real source of his pain. He's actually thinking about not running. November linden is fundamentally insecure. He knows he wasn't elected that he's just there because kennedy was assassinated. He doesn't believe he has a mandate and he doesn't think he can win despite an approval rating of seventy four percent. You could argue that. This is all in his head but part of him. A big part just wants out ladybird invited. Lbj's to longtime doctors to drive out to hunt one for dinner Linden had a major heart attack at heartland almost ten years ago in nineteen fifty five. It's never really out of mind for either of them so at dinner that night with the doctors. She'd heard what they thought about his fitness. And we're going to give him a thorough medical going. The next morning and night we only talked about the psychological aspects. I don't know though that either one really understands the depth of his pain winning af faces up to the possibility of sending many thousands. American boys vietnam both ladybird linden can see the writing on the wall. Vietnam could easily derail his presidency. Their ambitions for civil rights the sweeping great society programs. He's just laid out for his doctors leave to go back. Washington bird hands them. An envelope marked personal but its contents are political to on the phone the night before linden had asked her to set out the pros and cons. I wrote at for london about a nine page analysis of what i thought he situation was. I she types out that press release. It's a bit of psychology. This is what it would feel like to announce you're not running. Then on a spiral bound steno pad ladybird writes those nine pages laying out his options This letter or what. I think is more accurately. Her strategy memo is been sitting at the lbj library forever. Pretty much overlooked by historians.
"bp" Discussed on Energy Thinks with Tisha Schuller
"The middle of the century renewable power. We announced downs Lightning to make up fifty percent or maybe even more energy use power is a big deal. The investment on power off phenomenal. Jim is to be that show of wig. We think is the royal way this is. This is a the energy transition commission entre council various other kinds of voters say the hodgson could represent as much as twenty percents of venues energy. Both foil could for use in heavy duty transportation Potentially on road potentially shipping hydrogen also for eighty. It's actually quite tough to replicate the benefits of natural gas for tragedies. Many people have taken inverse post the us at the moment and so having that instantaneous. Low doesn't the same sample density of methane. I think as eighteen china's favor zero eternity is very expensive not seventy for domesticating but probably mournful for industrial processes that you can start see hydrogen being useful way unique hyphen such a steelmaking etc etc. So we already talked about it should It's awesome extra. Because banging on about set for a few years and bp now and i would say the production process will actually is interesting because it gives an opportunity for a decarbonisation of natural gas with ccs to the putting auburn and also the possibility of lodge on green hydrogen through the use of natural of also. And if you have a twin twin track of reducing energy prices which is what we're saying moments And will serve reducing electrolyte costs which is kind of what we saying. At the moment we've had kind of solar panels and wind. We've had batteries. We'll have fuelled sales Bilaterals coming this costco's you can smell seen green hunched becoming very competitive so And to sort of conclude on that we have a couple of projects underway pay of demonstration. Projects can pay a moment's green hunch Leeann refinery generally using social win renewable how to creighton creighton on Would also look at another warning western australia. Another green hyphen project potentially combining Soda or probably more lights and the big blue hudson project that we think will be an important possible. Net zero t side project. We did with a number of Guests companies another besides up in the north east of england which take Natural gas from the no see An unconvincing Hydrogen searcy burying the tune. For initially jack refer off show and then using hydrogen for industrial processes potentially transportation but a big blue hunch hobbies potentially possible that. Oh i love it. I get really excited about all of these topics for so many reasons But but a a really big one is that with the oil and gas industry or the historic whaling gas industry now the energy companies of the future engaging in this kind of rnd this kind of innovation and vision the world moves towards net zero. Much faster maybe. Orders of magnitude faster with us engaged. In i think By giving you these few moments to geek out dominic. You really helped make that that point so thank you Lemme ask one pushback. I get when i feature international oil and gas majors is. That's year up. They're all on a different track. The under different pressures. I think no one would argue that in the us. Under a new biden administration us companies are going to face a next level pressure around decarbonising. The energy future. But that said you you run Your us operations under be px. Do you have a different framing for for your focus on the us. Or is that fundamentally the same as the kind of pivot that you're discussing globally right now. Certain foods post the same In dave lula of everyone. You guys know who's president. Bp america will severin's epa business statements all in committed to the energy transition will happily can say that on occasion offer occasion. I think the way that kind of the businesses is ron as we say we will continue to need own gas for decades to come. We have made it clear that we expect our guest productions decline. We have said it. We anticipated decline of about four percents in the next ten years. So this is a substation strategy. Vote a gas for convenience some ability on renewable power an equal hodgin So that's quite important point. There are certain assets of. We'll have david team. Running access can really well. Although of current weather conditions berry challenged at the at the moments and the rest of the team quite a couple of years back that really driving down to making this environmentally appropriate as possible potato trying to drive from configurations methane intensity. So so dating the tape. Very much from old in say looking at broader can afford to the. Us day was that we did just a few weeks. Ago was to conclude the investment them. The best with ecuador in a number of offshore wind blocks In the northeast. us himself will craig's than of a huge new infrastructure around poll sydney in new york. And actually we make very significant contribution to the To the to the energy transition so the us is absolutely can also took part of that change and david team helping to drive out to to a great extent. That's great and i'm just warning dave. If you're listening an invitation to come on the podcast is coming to you next. And how on the on the. Us with one of the things we talked about in our discussion here was bp's values and in two thousand hundred twenty one of the really important things that happened Were protests around the world focused on creating racial equity and justice. I'm interested to hear from you if has impacted the way ep articulates values and if on racial equity injustice in the us or globalist taking on a different kind of focus. I'm going into twenty twenty one shorto answers. Yes absolutely day was quite vocal about it. A kind of times in the in the us loss gm we have kind of specific plans in the in the us to address. Some of those inequity issues. But more broadly will we also did back in september but we had a kind of a bp strategy week. We laid out in you. Sustainability framework and that sustainability framework Switches reimagining energy for people in our planet. And i think one thing that really hits the floor in twenty twenty was the Inequity in a number of different guises one was clearly racial equity that was also the impacts of the pandemic which is also have it in a way blade bed more the conflict in the societal challenges. So what we wanted to do As of the as positi.
"bp" Discussed on Energy Thinks with Tisha Schuller
"Upn would be peace since nineteen eighty six and numerous leadership positions across organization. Then you become chief of staff for this new young dynamics. Eeo and he quickly takes bp in a new direction. Tell us a little bit about what bernard looney is like. And what do you think about. This new direction will blow. This is a tremendous leaders. Got real charisma of him. he's also a real sense of conviction about the importance of the energy transition. And how we play out alternate. He's also these very prepared to listen including initially before he took over the reins of c o two to detractors and could learn from others and that really helped shape the position the purpose ambition. We laid out just about a year ago now so to quite one of colleagues actually also inspired great followership reed makes. You won't see kind of with him kind of support him so a tremendous Tremendously and actually can really right this time and be history. It certainly is exciting from the outside to see this kind of dynamic leadership Come into play and dominik. You've had a really impressive career in your own right and very important senior leadership positions But this mass atop the mall. what's it like to be chief of staff to the. Ceo of the sixth largest energy company in the world with seventy thousand employees will. What's that what's your day to day like. The day to day is a bird but it is an amazing. It's amazing road and it's a real privilege to to be in. This role is particular time you could almost barely make it up the challenges. The world is going through but this industry is through on. The company has has kind of embraced over the loss. Twelve months with changing could've purpose direction. Strategy and having a seitz alongside mike and colleagues leadership team On my extensively shift team colleagues and bernard has been an extraordinary opportunity and to help in a small way can shape that has been just remarkable than many chances while gets in life to do this of thing so it has been It's been a pleasure at being real hot dogs in. There will continue to be so but to abott's it's quite questioning taking on a job like this under any circumstances but then you throw on just a little global pandemic and crash in oil prices. I just can't. I really just can't imagine the extraordinary opportunity in challenges that your every day must include Let me i. I've read a lot About bp's ambitious goal of becoming net zero twenty fifty and transitioning really to an integrated energy company from my perspective. This is undoubtedly game changing. It provides a different model for all of us in oil and gas to look at the future. Think about our role in the future on. But i imagine it's harder than it looks inside the company so what kind of culture changes of had to happen internally from people who spent their whole career as an oil company as a as a as an employee a to now being a globally leading energy company. What does that look like an even. What's really hard about it or what what has to be done differently. The kind of about is the you have to do. A lot of comeback think can simultaneously. So you can't just do concentrations the pope's of the organization you conscious change the structure of the organization. What we have done in. Powell has been a very substantial reorganization activity of restructuring. That we will be pete reinvent and as a result of that. We have changed the structure of the company from an australian downstream company. Which is being that way. The most hundred twelve years to the new structure between think is more representative of the city has an integrated energy company. So that's that's not a big deal. But i think as much of those structural changes or pulses the changes that we've made to people in the organization the some of the roles on the way. The selection process has happened. Because you mentioned that we had seventy thousand people in the company. Actually the reality is probably at ten thousand will be leaving. Bp many of left some of either so we'll get down to sixty thousand the in the coming kind of euro two and a selection process was put in place with with particular cultural attributes of the people's human. You rose Attributes of play of business can have great business. Hey commission alyce but also Curiosity understand why things like. They wouldn't have changed them and also can strong strong embassy and strong performance skills. But if you like an empathetic edge to those for the performance feels so. I think the culture can will emerge over time but i think the direction we set through the purpose and the reinvent program and some of the attributes selected people. And you could say on the soft side i think will be important. Contributed how the organizational culture can develop so the komo news. I'm gonna go so interesting. I have never heard of Company culture selecting for curiosity and empathy. I love that. Because the those are words i advise for how he engage with a public that skeptical about our industry in skeptical. Even when we say we care about decarbonising. We have a public. That says are you. Are you greenwashing. And we'll get to that later but tell me a little bit more about how curiosity empathy can shape your company's culture. This is completely novel to me. And i'm i'm really interested in that. Well a good example We've we've salzer could have been stated very strong safety culture across be ever since the tragedy of the deepwater horizon at putting in place in new set of cool kovalyov. Which safety is the number one. We just rolling out five. Neom safety attribute. Some of the more interesting is about week another standing. How would gets dumb. Because sometimes it'd be kind of a safety manager or the manager safety managing remember in office trying to sort of connect a hell. Things can really happen. Be curious how things really get done when do inspection program for example when you look accident. I think he's actually really important. I'm taking it from the abstract The reality so that as an example be curious about how things get done how it occurs to. Let's say the convention engineer will of the tank foam operates.
"bp" Discussed on Biz Talk Radio
"It myself. There's a lot of stuff. There's so much pressure in a startup thinks they're if they're boyfriend and girlfriend. It's You know, 98 times out of 100. They're gonna break up because there's too much pressure and and boyfriend girlfriend, even husband's wife teams for an investor. It's very difficult. We just recently passed on a company where the market was great, but the engineer engineering BP was the husband was not strong. But how do we convey this to the wife? You see, it's very important to get somebody who's who's different enough from you. So that they fill in gaps that you might or might might not have. And I know I am not a great operational person and Andy Tang is a great operational person, and he manages all the people and gets them kind of marching in the right direction. Well, I can go out and like Get on a TV show like Mr dressed like today a day like today. Wait, Who's watching the shop? No one notices that when we weigh looked at a bunch of our Chinese investments we look for co founders 2 to 3 of them eventually, over time. We take that model the China One by one, they will leave and you have one man standing. So then we wised up. We said well for stability. We're gonna start with the team. But there's clearly one person in charge for good or for bad. The least You're taking a half one thing I'm looking for when they're 200. copies that will have people talking and.