19 Burst results for "Bakshi"
Bloomberg Radio New York
"bakshi" Discussed on Bloomberg Radio New York
"A story I'll have coming up in a few moments in our media review, miss Ukraine says some girls at the Miss Universe pageant didn't know there was a war. And that feeds into what we're looking at here with Ed back to the fighting today in the Donbass region is described as ferocious at bakshi with that story. Yeah, boy, that's an interesting juxtaposition you bring there, Brian, The White House actually is calling it vicious spokesman John Kirby says the Biden administration can not confirm control of the cities of bakhmut and soledar. We do not assess that they actually possess both of them unilaterally. We still assess that it's contested ground. Now Kirby does say the fighting is intense and Ukraine's president Vladimir zelensky saying the need for the promised tanks is getting to a desperate point. With air defense systems must outpace Russia's next missile attacks. He says a restoration of Ukraine must outpace Russia's attack security and peace in other countries. China's president Xi Jinping is calling for more efforts in fighting COVID while at the same time saying the dawn is just ahead in a rare video speech addressing citizens directly. She says he is especially worried about the epidemic control in rural areas, millions of workers will travel from urban areas to their hometowns in the upcoming week for the lunar, air affinity, for example, says there is one longer, more severe COVID wave ahead. Meanwhile, China's censors are vowing to wipe away gloomy emotions over the holiday, saying it will focus on rumor mongering and spreading of false information. China's apparently removed the unofficial marvel movies to that point that the ban that went into effect in 2019 so they're removing the ban now the last movies to air in China were Avengers Endgame and Spider-Man: No Way Home. So no Doctor Strange Thor Black Widow costing marvel in Chinese theaters hundreds of millions of dollars, now mysteriously, the ban has been lifted with no comment, Black Panther, Wakanda forever, and the ant man movie will open in February. Moderna's CEO Stephane moncel says parts of the world that are vaccinated have developed some natural immunity. He is not overly concerned about a major disruption in global health from COVID variant coming out of China. Because I haven't got a not great vaccine a long time ago. Or we didn't get vaccinated. And most of them never get infected naturally. So when the virus infects somebody, it doesn't have a resistance that it has in the west. And so we think that there is little reason for virus to evolve in terms of variants of concerns. That shelter ban cell talking with Bloomberg at Davos saying that the caveat is that there is a not a lot of reliable data coming out of China and that it has such a large population. In San Francisco, I'm Ed Baxter, this is Bloomberg. All right, Ed, thank you so much for that. Well, we had a down day in the markets today. We're going to be speaking
This Week In Google
"bakshi" Discussed on This Week In Google
"Says eh, never mind. Last stop on the gravy train. Yeah. Is that another case of the thumb on the scales? Or is it important? No, this is, it was always bakshi. It was always, I was always blackmailed, right? And it didn't work. So if we're nice to you, Murdoch, will you shut up and stop trying to lobby governments for protectionism? Okay, if you actually pay us me well and I was there at the event held at the museum of broadcasting in New York, Campbell Brown and not Mark Thompson, the other Thompson at News Corp.. The president of News Corp.. Up on stage, basically the check is practically passed. And okay, we'll be nice now. What happened after that? Australia. And the effort by News Corp. to make publishers pay again an even more. And more European regulation of plenty. And so it didn't work. The news tab that was created on Facebook. Zuckerberg said at the time, well, not many people are going to use this. Like sand through the hourglass. So are the Days of Our Lives. Sorry. Am I interrupt you, Jeff? That's for the next story, what I just did to you. I thought it was good. I was going on a little too long. No, no, it was a little latent sound the next story. You could use that
Spider-Dan & The Secret Bores
"bakshi" Discussed on Spider-Dan & The Secret Bores
"That's his creed that's his ethos. You know, again, he wants creative freedom and he's never really had it to a degree, like he has had some creative freedom, but then obviously that's meant with controversy and stuff. But a lot of these films have been taken away from him like cool world he did and a few others have been literally just pulled away or he's not been allowed to edit them or he's not been allowed to do stuff with it like mixing live action with animation. He produced an he used to work for Terry toons who did mighty mouse back in the day. And he yeah, he also animated the 60s Spider-Man cartoon, which is probably why it was so fucking weird. He's fucking weird. It all makes sense. They're fucking mental. Anyway, but he put it together. He put a new series together in the late 80s and he got all the kind of powerhouses of animation. Basically gave them their start, give them free, creative control on that show. So they could do whatever they want, whatever the idea, whatever they wanted to come up with. He just said, just run with it. And we could pay them well. They had a good practice. They had good times and like Bruce timm, obviously, not many years after that went to do tiny toons, and then he went to do Batman the animated series and on and on and on. And there's other names in animation. I'll see if I can find them on here. I've gotten somewhere. Here we go. So we've got Bruce timm, Andrew Stanton Dave Marshall and Jeff pigeon. So if you know your animation, those guys names will crop up a lot. Even in even in stuff like Pixar and various other things like they've gone on to bigger and greater things and he paid them well. He gave them creative control and he's all about the little guy Ralph bakshi has always been about the little guy in defending and doesn't like the fat cats and the crypto fascists and all this sort of stuff like, you know, do you mean to say that everything's coming full circle again now that we're going back to that period in the 60s and 70s where artists were completely underpaid in favor of more easily accessible media, possibly sanitized by buying Twitter for 44 million. Free speech is potentially under lock and key potentially on these things like that. Free speech is now owned. It's going to be copyrighted, copyright. My Facebook got unpublished and now republished its back and then Dan Burgess who's been against on the podcast. His has just been unpublished. And his is a photography thing, isn't it? Yeah. I honestly don't know. I sent loads of appeals out to say what's going on. I'm not sure what's happening. And yeah, I think it's one of two things either I've been I've been sharing too much on the Facebook groups. It was the wrong type of page, the location, the location was wrong, or something. I don't know. Whatever it is, it doesn't matter. But in algorithms, that's what it is. The algorithm will get you fucking Al G rhythm. Anyway, I think we have come to an end. I think we have talked long and hard about the politics of wizards. And again, I've cherry picked all the subjects this month. Try a lot of varied stuff..
Spider-Dan & The Secret Bores
"bakshi" Discussed on Spider-Dan & The Secret Bores
"And nothing fell back as you can see them like the bodies that they're all stood on the other eyes are all gone or limbs missing and there's blood pouring out the heads. Nothing's held back, nothing sort of left to the imagination. That's one thing I've always liked about animation is that the fact that you can go a little bit further. Even with a PG rating or a 12 a or something, you can go that little bit more violent or that little bit more, you know, it was real blood coming out of them or if it's a real person, but with this, obviously they're all kind of ghosts or demons or elves or wizards or fairies. So there is, I think there is that license, a little bit. Obviously, he goes way overboard for a kids. But I think I've always appreciated that I've always liked adult animation. I think I always will because I think there is something there. There is things to be said within adult animation. And if anything, Ralph bakshi is The Godfather of adult animation, that we wouldn't have things like heavy metal or maybe even some of the anime and things we get. And some of those more mature kind of D.C. animated films as well. I don't think we would have that without his influence. Again, if you like his work, whether you don't, his influence has been important in regards to this. And you have to remember as well, like back in that time. Hollywood was going through a big change. We talked about it before with directors, George Lucas, Steven Spielberg, Francis Ford Coppola, who he was good friends with, all these guys. He knew them very well and they all believed in the same kind of ethos. I think bakshi was a bit more outspoken about it and politically got himself in some trouble and controversy like we've said. The world of cinema was changed in the world of animation was changing at the same time. It was a new outlook and a new perspective and people wanted real stories being told. Things like mean streets like Scorsese's mean streets or The Godfather or all the stuff that Spielberg's gone on to do with the more the fantasy sci-fi element. But he was part of that group of people and has maintained his friendship. He has fans like Quentin Tarantino Spike Lee, Richard Pryor, Billie Eilish, is a fan of rice bakshi. It transcends Quentin Tarantino, wrote the forward for his book. You know, he's that keen on the guy and his work and it's been so influential..
Spider-Dan & The Secret Bores
"bakshi" Discussed on Spider-Dan & The Secret Bores
"Again, he does bash you over the head with it, but again. Again, that's kind of the point. That's what he's doing. He does it in his other films. There's other films like Lord of the Rings, obviously, is a pretty straight adaptation for him. Unfortunately, he didn't get to make the sequel because there was supposed to be two parts and again created. It does seem to butt heads with studios quite a lot. And I think it's just, he's an artist, he believes in authenticity and a rawness and a truth to his art. And I think when money and other stuff gets in the way, that can be a problem. Like even on this film, 1.2 million budget. He ran out of money. He said, I need another $50,000 to finish this. And they said, we're not giving it to you. You have to finish it. It was all the battle scenes. And he would speak it. So George Lucas at 20th Century Fox was also making Star Wars at the time, and even asked Ralph to drop the original title was war wizards and George asked him to drop war from war wizards so it wouldn't affect how a detrimental impact on the absolutely. So Georgia also had gone over budget by 2 million or something on Star Wars. So they sat down and they were talking like, they're not giving us any more money. What do we do? The studio said, take out your own money. So George went off and did that and he said, I'm going to take it, but he changed the back end of the deal. And I think he kept the merchandise rights and stuff like that, which obviously is history. But with bakshi, he got paid a $100,000 so he went right. I've cut half my fee. I'll give it to the animators and we'll just do it. But you came up with a technique or well. It didn't come up with a technique, but he implemented this technique called rotoscoping which involves the tracing over the animated cells over film footage. So there's lots of film footage in this for the battle scenes. Because that's the one thing he hadn't animated, which was very key. And I'll arguably some of the best bits in it are the bath sequences. Yeah, it's probably the only part of the film, I think, where it's actually edited really well. The rest of the film for me, it's a mixed bag in terms of the editing. It's all over the place. It's choppy. It doesn't make any sense. Yet for the battle scenes, it's because it is chaotic. It is completely out there and actually fits the editing is done. Like you said, with this sort of like sketching over and tracing Google, you get some weird sort of imagery, don't you? Yeah. If real life soldiers mixed in with hellscape, look, they've got like Nazi helmets on, but they add horns and glowing eyes and things like that. And these shadow creatures from out of how have been drawn up by him as well. And it really does work. And I think, and he absolutely implemented this technique in all of his future films, American pop, fire and ice, you name it..
TED Talks Daily
"bakshi" Discussed on TED Talks Daily
"It got me thinking, <Speech_Female> what <Speech_Female> if we could get <Speech_Female> communities of women moving <Speech_Female> actually <Speech_Female> physically moving <Silence> away from the house? <Speech_Female> That <Speech_Female> would open a window <Speech_Male> where <Silence> they could move psychologically. <Speech_Female> <Speech_Female> Where they <Speech_Female> could <Speech_Female> understand or realize <Speech_Female> that she could step <Speech_Female> out of bad <Speech_Female> situations <Silence> and have the ability <Speech_Female> to do it. <Speech_Female> This <SpeakerChange> way we would <Speech_Female> have more women <Speech_Female> feel safe <Silence> and confident. <Speech_Female> So <Speech_Female> Jeff Hardy and I, <Speech_Female> the we both <Speech_Female> decided <Speech_Female> that we are going <Speech_Female> to join forces <Speech_Female> and create <Speech_Female> a movement <Silence> exclusively for <Speech_Female> women. <Speech_Female> Focused on mobility. <Speech_Female> We <Speech_Female> have set up a system <Speech_Female> where <Speech_Female> a woman can <Speech_Female> train to drive <Speech_Female> for themselves <Speech_Female> or <Speech_Female> for ubers, <Speech_Female> taxis, or <Speech_Female> just become <Speech_Female> delivery agents <Speech_Female> for Amazon <Speech_Female> and other big companies <Speech_Female> <Advertisement> or local <Speech_Female> businesses. That's <Speech_Female> money in the bank. <Speech_Female> And <Speech_Female> the freedom and <Speech_Female> the psychological <Speech_Female> know <Speech_Female> that I <Speech_Female> can step outside <Speech_Female> <SpeakerChange> of my <Speech_Female> home. We are <Speech_Female> connecting these <Speech_Female> women drivers on <Speech_Female> a national network <Speech_Female> where they can <Speech_Female> reach out to each other <Speech_Female> for support <Speech_Female> and to share experiences <Speech_Female> and not <Speech_Female> just that. <SpeakerChange> <Speech_Female> She can actually ping <Speech_Female> another <Speech_Female> driver in her <Speech_Female> vicinity. <Speech_Female> If she is <Speech_Female> feeling distressed, <Speech_Female> if she's <Speech_Female> in danger, <SpeakerChange> <Speech_Female> or if she simply <Speech_Female> just waiting for her next <Speech_Female> ride or pick up <Silence> and doesn't want to wait <Speech_Female> alone. <SpeakerChange> <Speech_Female> For us, <Speech_Female> receiving <Speech_Female> our first paycheck might <Speech_Female> be very <Speech_Female> empowering. <Speech_Female> But for 59 <Speech_Female> year old naga money, <Speech_Female> that <Speech_Female> moment arrived <Speech_Female> when she <Speech_Female> put her scooter <Speech_Female> on a center stand. <Speech_Female> And <Speech_Female> feeling physically <Speech_Female> strong <Speech_Female> and proving to <Speech_Female> the society that she's <Silence> beyond being just a sidekick. <Speech_Female> <Speech_Female> We have trained 1800 <Silence> <Speech_Male> women <SpeakerChange> who <Speech_Female> are road ready. And <Speech_Music_Male> raring. <Speech_Music_Male> <Music> <Speech_Music_Female> <SpeakerChange> <Speech_Female> <Speech_Female> Road ready <Speech_Female> and raring <Speech_Female> to go and our <Speech_Female> decade long <SpeakerChange> mission is <Speech_Female> to bring 1 million <Speech_Female> women <Speech_Female> into mobility. <Speech_Female> And be <Speech_Female> the largest <Speech_Female> network of women drivers <Silence> connected to each <Speech_Female> other. <Speech_Female> By rethinking <Speech_Female> mobility for women, <Speech_Female> giving them <Speech_Female> a safe transport <Speech_Female> and safety <Speech_Female> outside of home. <Speech_Female> It is our <Speech_Female> hope to <Speech_Female> transform our culture, <Speech_Female> apart <Speech_Female> from having a profound <Speech_Female> impact on <Speech_Female> the Indian economy. <Speech_Female> This <Speech_Female> is about <SpeakerChange> something <Speech_Male> much bigger. <Speech_Female> As <Speech_Female> you <SpeakerChange> all know, <Speech_Female> when we <Speech_Female> move, <Silence> we can be seen. <Speech_Female> <Speech_Female> The more women <Speech_Female> see other <Speech_Female> women in public spaces, <Speech_Female> the <Speech_Female> more safe, <Speech_Female> independent, <Speech_Female> and empowered <SpeakerChange> <Silence> each one of <Speech_Female> us will be. <Silence> <SpeakerChange> So, <Speech_Female> <Speech_Female> if we can learn how to <Speech_Female> work, <Speech_Female> certainly we <Silence> can learn how to fly. <Speech_Female> <SpeakerChange> <Speech_Music_Female> Thank you. <Speech_Music_Male> <Speech_Female> <Speech_Female> <Speech_Female> Ted-talks daily <Speech_Female> is hosted by me, <Speech_Female> Elise Hugh, and <Speech_Female> produced by Ted. <Speech_Female> The music is <Speech_Female> from Alison Leighton <Speech_Female> Brown and our mixer is <Speech_Female> Christopher fazy <Speech_Female> bogan. We <Speech_Female> record the talks at Ted <Speech_Female> events we host or <Speech_Female> from TEDx events, <Speech_Female> which are organized <Speech_Female> independently <Speech_Female> by volunteers <Speech_Female> all over the world. <Speech_Female> And we'd love to <Speech_Female> hear from you. Leave <Speech_Female> us a review on Apple <Speech_Female> podcasts or <Speech_Female> email us <SpeakerChange> at podcasts <Speech_Music_Male> at Ted dot com. <Music> <Speech_Telephony_Male> <Music> PRX.
Bloomberg Radio New York
"bakshi" Discussed on Bloomberg Radio New York
"Right Greg Jared thanks very much Greg you're out there with your Bloomberg business flash Now I'm gonna bring in a Bloomberg reporter But not just a Bloomberg reporter Bachelor's degree from Stanford completed two years at Oxford at Rhodes scholar Boom JD from Harvard All right not bad Asha bakshi knows what she's talking about She does okay Yeah Asia thanks so much for joining us in the limited time we have you because I assume that you're off to a giant law firm or Supreme Court yourself very soon Let's talk a little bit about salt What is the possibility that some legal action spurs the salt deduction cap to be lifted I would not say that the possibility is huge There are a couple lawsuits going on that states have brought to try to either get the cap struck down in court and get a court to say it's unconstitutional or to allow workarounds for their residents to try to get around the cap but the biggest one that's at the Supreme Court right now the states have lost at the lower courts and for a few different reasons I think the Supreme Court is probably not going to take up the lawsuit So my guess is a legislative remedy is going to be the state's best option but we're going to have to wait and see Why are states saying that this tax law is unconstitutional These pointed to a couple different arguments you know one argument they make is they basically say that even though the constitution doesn't explicitly mandate that you get assaults deduction for your state and local taxes it's kind of implicit in the constitution It's embedded in some ideas around federalism Basically the breakup of power between the federal and state governments they point to the history around the salt deduction that Congress never repealed it until 2017 And they say that history really shows that this is embedded in the constitution Itself it's embedded in the taxing powers the constitution creates for Congress that they have to provide this kind of deduction And then they also point to an amendment in the constitution It's the Tenth Amendment and that basically reserves to the states all the powers that aren't explicitly given to the federal government and the constitution and they say part of that amendment is you can't coerce states Through federal tax policy and that basically the salt cap is doing it It's affecting their fiscal situation so much that they have to find ways to reduce the tax burden on their residents It's going to affect their fiscal policy in ways that the federal government isn't allowed to do to coerce them to do It does seem kind of nuts that I have to pay my state and local income tax after-tax dollars Would make more sense if I paid it all with pre-tax dollars Yeah I mean you know part of the argument from people who are suffering from this is that there's double taxation going on If you live in a high tax state and those are the states that are disproportionately impacted by the 2017 change in the tax laws it's going to increase your burdens when you're already facing higher burdens within the state and local jurisdictions where you live So is there any argument here that hey for those of us it was clear it was a political issue That the elimination or the reduction in this saw tax deduction Is there any you mean Donald Trump was punishing New York and New Jersey for in California for not supporting it So it was very clear to many observers that that is actually what the driver was here Is there any legal recourse to that issue The states have raised that They said that this was politically targeting states that were primarily not states that voted for Donald Trump But so far courts have rejected that there was a decision out of a New York federal district court and then the appeals court that governs both New York State and some other Some other states and it basically said yes it's true that the cap disproportionately affected States that didn't mirror the political party of people in power when the law was passed But one reason it's disproportionately impacting them is that the deduction that existed before disproportionately helped them And so the court didn't find that to be persuasive argument and also basically said that formally speaking the law applies to everyone even if it ends up impacting some states more than others based on the tax policy they already have in place And you're probably the wrong person to ask this but as a legal expert but why are my taxes so much higher How come New Jersey in New York residents are paying such massive state and local income taxes almost as much as I pay in federal income tax Good schools Right Well you're right I mostly a legal expert but there are answers to that now you're state level tax deduction on your federal taxes It's capped at $10,000 and you only get the deduction if you itemize the standard deduction right now is I think between 12 and 13,000 and the number depends on what your tax year we're talking about But you have to have itemized deductions that exceed that for it even to be worth your while As I recall I think one third of New York taxpayers were claiming the deduction before The change in the tax law So you can imagine how many people are impacted by this And I think it reflects how much they're paying already and stated local taxes This applies to property taxes and it applies to either sales or income taxes within politics there Legal reporter for Bloomberg industry group joining us here Let's head down to Washington D.C. We'll get rolled.
Bloomberg Radio New York
"bakshi" Discussed on Bloomberg Radio New York
"And sell stocks So those are the two drivers on the cash app side All right talk to me about the competitive landscape because as you mentioned those businesses I'm thinking of some big tech names that are big financial services firms that are in various parts of those businesses How do they stack up So a lot of competition both in the seller app and in the cash app You may have seen or read recently down Apple is actually allowing accepting payments through the iPhone right So that was for the company But here's the thing the center app is not just the software or just not a machine to accept payment They have actually grown their app to provide a lot of different services So for example if you as a fellow have the square terminal you also have subscription to a lot of software to which you manage your working capital you manage your employment database everything Your payroll and all those things I don't think that companies like Apple or other company are investing so much So just allowing to accept payments through your iPhone is one thing That's a small risk but unless Apple provides all those features that seller app has We don't think it's a big risk for the company All right how much you you are a credit analyst Tell me about the balance sheet of this company the capital structure So they have a really strong balance sheet actually We have really good liquidity We have about 5 billion in cash and available revolvers They have really low leverage So the overall leverage of the company is in line with big payment processor like Mastercard and these It's about .5 The only weakness of the company if I have to pick is the profitability And the reason for that is because they still a high growth company they are investing a lot of money in R&D because as we just discussed about the competition we are seeing from other in both FC ecosystems So overall from the credit standpoint it's a double be credit but we do expect the ratings to be upgraded over the next 12 months as profitability improves In terms of use of cash here is an acquisition on the radar for these guys Could that be a use of cash going forward You mean the cash app Or just to take an acquisition you expect them to be buying companies out there and that would be a use of cash So we do expect them to be a lot of to be executed over the next two to three years Now one risk we see in the company is they have been also investing in Bitcoin And the problem is so far they have purchased about two 20 million in Bitcoin And that's about 5% of cash So as a credit guy I don't like that We hope they make good use of their cash If they go out and they require another company or they invest in themselves that's a good thing I just don't expect I just sort of just hope they don't go out and spend more cash and convert their cash into Bitcoin Elon Musk is doing it Elon Musk is doing it is about 6% of Tesla about 5% of these guys and they credit we don't like it because I'm not an expert on Bitcoin but I think everyone can agree on this that Bitcoin is a really it's a risky and highly volatile investment All right good stuff We really appreciate it That's how much you bakshi Bloomberg intelligence credit.
Bloomberg Radio New York
"bakshi" Discussed on Bloomberg Radio New York
"Let's say you found an electronic payments company and you name it square Then you go public and you think maybe I need a new name for my company So you change it to block And I guess that's just to take advantage of the whole blockchain thing in the marketplace but let's talk about block I want to talk about block from the credit perspective for more pleased to welcome Bloomberg intelligence credit research analyst Machu bakshi So how much you talk to us about block What does this company do and kind of how has it been performing People thanks for having me So block has you introduced it started as a payment processor company So you may have seen those car accepting streams at your coffee shops So they started as a micro stellar payment processing company and over the last ten 12 years they have grown too big big ecosystem The first one is still the sellers app which is your payment processing And the second ecosystem is the cash app Think like Venmo where you can send money to your friends your family you can buy shares you can buy Bitcoin So those are the two big ecosystems All right so that does maybe suggest their business strategies kind of expanding from the course squares that we used to see those little payment devices Okay All right that's right So what's kind of the core story now What are the growth drivers for this company So the two ecosystems that I mentioned actually have really good growth rival In the seller app we are seeing that the company is trying to expand international which is good And the second is they are actually growing up market sellers So that means instead of now only going after the small micro sellers they now actually going to pick sellers So those are the two growth drivers on the seller side On the cash app it's really the new initiatives that the company has done So including Bitcoin you can actually purchase Bitcoin You can sell Bitcoin through the cash app You can buy and sell stocks So those are the two growth drivers on the cash app side All right talk to me about the competitive landscape because as you mentioned those businesses I'm thinking of some big tech names that are big financial services firms that are various parts of those businesses How do they stack up Should be actually fixing a lot of competition both in the seller app and the cash app You may have seen or read recently that apple is actually allowing accepting payments through the iPhone right So that will risk for the company But here's the thing the center app is not just a software or just not a machine to accept payment They have actually grown that app to provide a lot of different services So for example if you as a seller have the square terminal you also have subscription to a lot of software to which you manage your working capital you manage your employment database everything your payroll and all those things I don't think that companies like Apple or other companies are investing so much So just allowing to accept payments through iPhone is one thing That's a small risk but unless Apple provides all those features that seller app has We don't think it's a big risk for the company All right how much you you are a credit analyst Tell me about the balance sheet of this company the capital structure So they have a really strong balance sheet actually They have really good liquidity They have about 5 billion in cash and available revolvers They have really low leverage So the overall leverage of the company is in line with big payment process and like Mastercard and B it's about .5 The only weakness of the company if I have to pick is the profitability And the reason for that is because they stay a high growth company they're investing a lot of money in R&D because as we just discussed about the competition we are seeing from other in both the ecosystems So overall from the credit standpoint it's a double be credit but we do expect the ratings to be upgraded over the next 12 months as profitability improves In terms of use of cash here is an acquisition on the radar for these guys Could that be a use of cash going forward You mean the cash app Or just if they could make an acquisition you expect them to be buying companies out there and that would be a use of cash So we do expect them to be a lot of to be equity over the next two or three years Now one risk we've seen the company is they have been also investing in Bitcoin and the problem is so far they have purchased about two 20 million in Bitcoin and that's about 5% of cash So as a credit guy I don't like that We hope they make good use of their cash if they go out in their corner of the company or they invest in themselves That's a good thing I just learned don't expect I just sort of just hope they don't go out and spend more cash and convert their cash into Bitcoin Elon Musk is doing it Elon Musk is doing it is about 6% of Tesla about 5% of these guys can actually like it because I'm not an expert on Bitcoin but I think everyone can agree on this that Bitcoin is a really it's a risky and highly volatile investment All right good stuff Come on you really appreciate it That's how much you.
This Week In Google
"bakshi" Discussed on This Week In Google
"Or poor some My issues they don't follow anybody in instagram. So they don't really they gotta give them signals or they don't they don't pay any attention so politicos gotten bought gotten boughten bought politico actual actual sprayer which is basically the news corp of germany. Yeah they're the ones who are always going after google. That's that's google's archenemy and germany. They're the ones who started a threat. Never say that they paid a billion which seems like a lot a billion dollars politically overpaid for business insider to they wanted to be in the us market that that tells you something fact they wanted to be in the us market on a site that is read by important politicians so that they can they can lobby against google so this is interesting. I know the ceo is brilliant. He's also about six nine huge imposing. Jason's helped they were taken Private he owns a huge chunk of the company with the the founders family. He's really smart. But it's a very conservative company. Built build is kind of the tabloid of germany except that. The pages are really huge. So the naked breast can be bakshi's. They'll build felt an insider but they also are forty percent. Owned by kravis colbert roberts. Us private private. So yeah i it's interesting. Do you think this is really a billion dollars to buy influence more than it is to buy a i think turkistan. Yeah and it's gonna be and politico was already in my view politically problematic and it's gonna get more sun. Politica was founded ahead of the two thousand eight elections by a former washington posters with the aim to cover court is coming from reuters to cover washington politics with the pace analysis and rigor of sports journalism.
Spill it, Sister! Reality TV recaps with Ally
"bakshi" Discussed on Spill it, Sister! Reality TV recaps with Ally
"You know like that's what it is with. The southern grandmothers can bring or the southern mama's can bring and when they feel like they're babies aren't being taken care of. This is the mode they go into. It's not all the time. 'cause like we see with gwen from ninety day. She kinda takes a back seat. And that's how i feel like Most of the people are most of the mommas can be if they're babies. Brian taken care of. But the moment you start slipping or they're not sure of you. They go right into miss. Sue mode and i am here for it. She was just like a lesson. Like i just hope i can be this for one day. If he needs me to be like she was just everything. I loved it so much she it. All of her words are chosen so perfectly you know like she comes off to ray in a way that seems sweet and loving and harmless but brittany knows. What's up she. No she's being judged and she knows you better be on her ps and qs. And that's why she's like cleaning the house arrest out making sure everything's perfect because she knows miss sue ain't gonna fuck around ethic her age. The wisdom has definitely come with the age for miss sue. He's had a lot of lives. She's seen a lot of things and because of that she comes off with just a lot of grace you know. She's very eloquent in the way that she says things and she says like. I didn't bring my bible because i didn't come here to preach but love it. I love it. So much. All about to get a sermon. Because if you don't feel comfortable will figure things out right in front of brittany. And that's what i love. That's the part that i love is that she's not trying to be sneaky. She's not trying to take her grandson. Bakshi's we'll bernie right her face like little girl..
Double Toasted
"bakshi" Discussed on Double Toasted
"People some seriously have a good person gaming and streaming live both of those Let me see gaming gaming streaming what guys from koi bomba mobile. Mr bum allied to cost wanted to get my two cents on the whole gaming and streaming situation and head in all honesty and respect core is optimism. I believe that streaming for gaming is something that's going to be a much harder sell even several years down the line due to various factors at hand. Okay this man usually makes sense koi. Bom bom is actually coming in and said a lot of things. I agree with one. Major factor is not even on the gaming saw but rather internet infrastructure itself. Just in america. Many places often have an issue with internet infrastructure. We would know. Yeah des yeah. Those problems start right here. Ground zero of be towers being too far are the providers often providing subpar quality especially comparison to major cities and this is just in the us as mu places like australia and many others have been to very poor internet speed and cloudy compared the country. And i'll show is always had Likewise streaming and gaming is a much different decent streaming and film and tv with gaming ham several different factors that film and television. Don't have most all not most notably the fact that it's a completely interactive medium indus- has to account a graphical hiccups and most importantly how much leg there will be. I'll say this. I didn't say i was going to be perfect right off the bat. This is i'm that's gonna take user perfect and it will be something that to get the best quality out of it. It's going to be probably for people who are somewhat privileged enough to have it. It's going to be people who can afford it. It's going to be people who will be areas where they have great internet. It's going to be people who can afford grade internet at some point. 'cause i'm not saying it's gonna happen tomorrow. Say happens next year but at some point all this technology is going to improve. It is going to get to a point. Where convenience will overcome trump. everything else no. I mean you know it's going to go to the areas that can actually make use of it in does come out. It's not like it's gonna happen. It's going to push people out. The console's will still be there. Of course. yeah. The you know the people using that they've been using. It's going to be there. it's not going to be. The people aren't going to be a band. You're gonna be able to buy microsoft games. You don't have to use the service to still play these on your pc. Yeah these are some things that were argued. When internet itself was becoming more yesterday it was. Yeah they said the same thing about making The won't back when you had dial up. Internet was coming up. They were saying. I don't think that people are going to be able to afford this and rural areas. This the world will never completely rely on the internet because some people are gonna be left out in love here. We are yup along not long later. Either yup mr yasmine with more news here. It got announced today that. Wb animation and new line cinema are working on a new lord of the rings film. That is being directed by the director of shale. Ralph bakshi's off ghost in the shell standalone complex. It'll be titled to lord of the ring the war of the raw room. You gotta go here roy. Hero here for them. Wore the hammer. These books you saw these movies. It's the row. Here are the calvary of gotcha. He says dismissively got.
KQED Radio
"bakshi" Discussed on KQED Radio
"It is Wednesday. Today. I do believe it's the 27th of January. It is always to have you along, everybody. We stopped first today. In the White House. Briefing room press secretary Jen Psaki fielding questions at the podium. Is the White House concerned about the stock market activity we're seeing around James Stop. Yes Games Stop the video game retailer slowly disappearing from shopping malls near you. Who shares Have jumped 1700% since the beginning of the year. 1700%. It's become a thing among market watchers, obviously, but also obviously because somebody asked about it at the White House. So here's what Jen Psaki said. Our economic team, including secretary yellow and others are monitoring the situation. It's a good reminder, though, that the stock market isn't the only measure of the health of our economic of our economy. First of all, Amen on that stock market thing. Good reminder indeed. But also what is going on here that the Treasury secretary has to keep an eye on it. Emily Stewart covers business and politics were. Bakshi has been on the Gamestop story since it heated up, which was all of like a week or 10 days or so ago. Emily Welcome to the program. Thanks for having me. Could you give me in, say, a 35 40 seconds the lay person's version of what exactly is going on here? I mean, in one word, it's It's kind of read it, but basically, we're over the past several days. There's this form on Reddit called Wall Street, but has about three million people in it now, and they've gotten really excited about game stop stalking because of some different mechanisms in the market as realism just piling in. They've driven up this jockey an enormous amount in the hundreds and hundreds of percent gains. We should say in like a week. It's craziness. We should point out here that game stop the company. Um, has 5000 stores, mostly in malls. It's having trouble with online. There's not in and of itself a lot that's going for the company in a business sense to validate these kind evaluations. Right? I mean, so that's one of the reasons that there is this interest in game stop because basically what has heaven is that they're these, like hedge funds can be short sellers. Right? Which, when you're a short seller, you think that the stock is going down. So basically having a Gamestop is like People are kind of fucking that idea, And there is somewhat of a business case like they have a new board member like maybe they're going to get more into e commerce. But like nobody's going to the mall, and nobody's going to come on the middle of him coming, right? Is all of this legal What the folks on reddit er doing all these short sellers is there is this market manipulation? I think that this short answer here is that I don't know. Nobody is really sure yet. I've talked to some different people. And is this different than like a big hedge fund guy going on CNBC and being like, I think this is good or bad. Or, you know, Bill Ackman years ago, just like he was going to short Herbalife and talking about that for a long time, like That's allowed, so it's hard to say right well, so let's get to that point right Wall Street. Broadly speaking, is upset because these folks on Reddit have kind of dis intermediation themselves right, and they are taking advantage of technological tools easier. Trading the speed of information on the Internet. And doing what Wall Street has been doing for decades. Nigh on centuries now, and there's a little bit of How come they can do this, right? Yeah. I mean, you turn on like a CNBC and there's quite a bit of finger wagging going on right now, and that's happening for quite some time. And it is sort of easy even it's just like a lay person to be like. Well, this seems irresponsible. But at this time like we do live in a country where wealth creation is really hard and so like, How do you blame people for? Giving this ago even if they are being a little bit reckless. One more thing, and then I'll let you go. Markets are supposed to be all about efficient allocation of capital, right And and you put your capital where there's something productive happening, and that lets productive things happen and people get hired and they get jobs and they make more productive things and then more capital gets allocated to that. That does not seem to be what's going on here? No, but I don't think that I think it like what I was saying before is that always help markets work? I don't think that there is an argument that Wall Street is always hyper responsible. I mean, we were in the middle of financial crisis. What 10 15 years ago That was their fault. So, you know, obvious. I think this is sort of exposing a little bit of sometimes the fallacy of why people are investing and again like you can't blame some of these retail traders for playing a game that plenty of really rich people have been playing for a long time. Totally true last. This is the actual last question. Sorry. Um Do you suppose the regulators are gonna look at this? Is the sec gonna come climbing in here? Go. No, no, no, You can't do that. I mean, do you think there is there's going to be more fall out from this? I mean, I feel like they have to at least take a look like Joe Biden is getting asked about this right? They have to take a look. See what will come of that. I don't really know what the consequences are gonna be here. Somebody's gonna lose their shirt, though. Yes, I do Hope at least that people are doing this that they are like selling enough to break even. Yeah, Yeah, because you can lose 100% Let me tell you that Emily Stewart covers business and politics that box, Emily. Thanks a lot. Thanks so much. On Wall Street today. Well, Gamestop shares closed up 135% on the day, so that's normal. Not Broader markets. Also not we'll have the details when we do the numbers. I would.
90.3 KAZU
"bakshi" Discussed on 90.3 KAZU
"I'm kind original. It is Wednesday. Today. I do believe it's the 27th of January. Good is always to have you along. Everybody. We stop first today. In the White House. Briefing room press secretary Jen Psaki fielding questions at the podium. It's the White House concerned about the stock market activity we're seeing around game Stop. Yes Games Stop the video game retailer slowly disappearing from shopping malls near you. Who shares Have jumped 1700% since the beginning of the year. 1700%. It's become a thing among market watchers, obviously, but also obviously because somebody asked about it at the White House. So here's what Jen Psaki said. Our economic team, including secretary yelling and others are monitoring the situation. It's a good reminder, though, that the stock market isn't the only measure of the health of our economic of our economy. First of all, Amen on that stock market thing. Good reminder indeed. But also what is going on here that the Treasury secretary has to keep an eye on it. Emily Stewart covers business and politics were. Bakshi has been on the Gamestop story since it heated up, which was all of like a week or 10 days or so ago. Emily Welcome to the program. Thanks for having me. Could you give me in, say, a 35 40 seconds the lay person's version of what exactly is going on here? I mean, in one word, it's It's kind of read it, but basically, we're over the past several days. There's this form on Reddit called Wall Street, but has about three million people in it now, and they've gotten really excited about game stops talking because of some different mechanisms in the market as realism just piling in. They've driven up this jockey an enormous amount in the hundreds and hundreds of percent gains. We should say in like a week. It's craziness. We should point out here that game stop the company. Um, has 5000 stores, mostly in malls. It's having trouble with online. There's not in and of itself a lot that's going for the company in a business sense to validate these kind evaluations. Right? I mean, so that's one of the reasons that there is this interest in game stop because basically what has heaven is that there are these, like hedge funds can be short sellers. Right? Which, when you're a short seller, you think that the stock is going down. So basically having a game stuff is like People are kind of fucking that idea, And there is somewhat of a business case like they have a new board member like maybe they're going to get more into e commerce. But like nobody's going to the mall, and nobody's going to come on the middle of head right? Is all of this legal What the folks on reddit or doing all these short sellers is there is this market manipulation? I think that the short answer here is that I don't know. Nobody is really sure yet. I've talked to some different people. And is this different than like a big hedge fund guy going on CNBC and being like, I think this is good or bad. Or, you know, Bill Ackman years ago, just like he was going to short Herbalife and talking about that for a long time, like That's allowed, so it's hard to say right well, so let's get to that point right Wall Street. Broadly speaking, is upset because these folks on Reddit have kind of dissenter mediated themselves right, And they are taking advantage of technological tools, easier. Trading the speed of information on the Internet and doing what Wall Street has been doing for decades. Nigh on centuries now, and there's a little bit of How come they can do this, right? Yeah. I mean, you turn on like a CNBC and there's quite a bit of finger wagging going on right now, and that's happening for quite some time. And it is sort of easy even it's just like a lay person to be like. Well, this seems you're responsible. But at this time like we do live in a country where wealth creation is really hard and so like, How do you blame people for? Giving this ago even if they are being a little bit reckless. One more thing, and then I'll let you go. Markets are supposed to be all about efficient allocation of capital, right And and you put your capital where there's something productive happening, and that lets productive things happen and people get hired and they get jobs and they could make more productive things and then more capital gets allocated to that. That does not seem to be what's going on here? No, but I don't think that I think like what I was saying before, is that always help markets work? I don't think that there is an argument that Wall Street is always hyper responsible. I mean, we were in the middle of financial crisis. What 10 15 years ago That was their fault. So, you know, obvious. I think this is sort of exposing a little bit of sometimes the fallacy of why people are investing and again like you can't blame some of these retail traders for playing a game that plenty of really rich people have been playing for a long time. Totally true last. This is the actual last question. Sorry. Um Do you suppose the regulators are gonna look at this? Is the sec gonna come climbing in here and go? No, no, no, You can't do that. I mean, do you think there is there's going to be more fall out from this? I mean, I feel like they have to at least take a look like Joe Biden is getting asked about this right? They have to take a look at you. What will come of that? I don't really know what the consequences are gonna be here. Somebody's gonna lose their shirt, though. Yes, I do Hope at least that people are doing this that they are like selling enough to break even. Yeah, Yeah, because you can lose 100% Let me tell you that Emily Stewart covers business and politics that box, Emily. Thanks a lot. Thanks so much. On Wall Street today. Well, Gamestop shares closed up 135% on the day, so that's normal. Not The broader markets. Also not we'll have the details when we do the numbers. We'd be remiss if we didn't mention the Federal Reserve here. Real quick. J. Pelin, the gang wrapped up a two day meeting on the health of this economy today. T L D R the too.
KQED Radio
"bakshi" Discussed on KQED Radio
"We stop first today. The White House. Briefing room press secretary Jen Psaki fielding questions at the podium. Is the White House concerned about the stock market activity we're seeing around James Stop. Yes Games Stop the video game retailer slowly disappearing from shopping malls near you. Who shares Have jumped 1700% since the beginning of the year. 1700%. It's become a thing among market watchers, obviously, but also obviously because somebody asked about it at the White House. So here's what Jen Psaki said. Our economic team, including secretary yelling and others are monitoring the situation. It's a good reminder, though, that the stock market isn't the only measure of the health of our economic of our economy. First of all, Amen on that stock market thing. Good reminder indeed. But also what is going on here that the Treasury secretary has to keep an eye on it. Emily Stewart covers business and politics were. Bakshi has been on the Gamestop story since it heated up, which was all of like a week or 10 days or so ago. Emily Welcome to the program. Thanks for having me. Could you give me in, say, a 35 40 seconds the lay person's version of what exactly is going on here? I mean, in one word, it's it's kind of read it. But basically over the past several days, there's this form on Reddit called Wall Street, but has about three million people in it now, and they've gotten really excited about game stops talking because of some different mechanisms in the market as realism just piling in. They've driven up this jockey an enormous amount in the hundreds and hundreds of percent gains. We should say in like a week. It's craziness. We should point out here that game stop the company. Um, has 5000 stores, mostly in malls. It's having trouble with online. There's not in and of itself a lot that's going for the company in a business sense to validate these kind evaluations. Right? I mean, so that's one of the reasons that there is this interest in game stop because basically what has heaven is that they're peas, like hedge funds can be short sellers. Right? Which, when you're a short seller, you think that the stock is going down. So basically was having a Gamestop is like People are kind of fucking that idea, And there is somewhat of a business case like they have a new board member like maybe they're going to get more into e commerce. But like nobody's going to the mall, and nobody's going to come on the middle of head right? Is all of this legal What the folks on reddit er doing all these short sellers is there is this market manipulation? I think that this short answer here is that I don't know. Nobody is really sure yet. I've talked to some different people. And is this different than like a big hedge fund guy going on CNBC and being like, I think this is good or bad. Or, you know, Bill Ackman years ago, just like he was going to short Herbalife and talking about that for a long time, like That's allowed, so it's hard to say right well, so let's get to that point right Wall Street. Broadly speaking, is upset because these folks on Reddit have kind of dissenter mediated themselves right, and they are taking advantage of technological tools easier. Trading the speed of information on the Internet. And doing what Wall Street has been doing for decades. Nigh on centuries now, and there's a little bit of How come they can do this, right? Yeah. I mean, you turn on like a CNBC and there's quite a bit of finger wagging going on right now, and that's happening for quite some time. And it is sort of easy even it's just like a lay person to be like. Well, this seems irresponsible. But at this time like we do live in a country where wealth creation is really hard and so like, How do you blame people for? Giving this ago even if they are being a little bit reckless. One more thing, and then I'll let you go. Markets are supposed to be all about the fishing allocation of capital right and and you put your capital where there's something productive happening, and that lets productive things happen and people get hired and they get jobs and they make more productive things and then more capital gets allocated to that. That does not seem to be what's going on here? No, but I don't think that I think it like what I was saying before is that always help markets work? I don't think that there is an argument that Wall Street is always hyper responsible. I mean, we were in the middle of financial crisis. What 10 15 years ago That was their fault. So, you know, obvious. I think this is sort of exposing a little bit of sometimes the fallacy of why people are investing and again like you can't blame some of these retail traders for playing a game that plenty of really rich people have been playing for a long time. Totally true last. This is the actual last question. Sorry. Um Do you suppose the regulators are gonna look at this? Is the sec gonna come climbing in here? Go. No, no, no, You can't do that. I mean, do you think there is there's going to be more fall out from this? I mean, I feel like they have to at least take a look like Joe Biden is getting asked about this right? They have to take a life. You what will come of that? I don't really know what the consequences are gonna be here. Somebody's gonna lose their shirt, though. Yes, I do Hope at least that people are doing this that they are like selling enough to break even. Yeah, Yeah, because you can lose 100% Let me tell you that Emily Stewart covers business and politics that box, Emily. Thanks a lot. Thanks so much on Wall Street today. Well. Gamestop's shares closed up 135% on the day, so that's normal. Not Broader markets. Also not we'll have the details when we do the numbers. I would be remiss if we didn't mention the Federal Reserve here. Real quick. J pal in the gang wrapped up a two day meeting on the health of this economy today. T L D R the.
WNYC 93.9 FM
"bakshi" Discussed on WNYC 93.9 FM
"Original. It is Wednesday. Today. I do believe it's the 27th of January. It is always to have you along, everybody. We stopped first today. The White House. Briefing room press secretary Jen Psaki fielding questions at the podium. It's the White House concerned about the stock market activity we're seeing around game stop. Yes Games Stop the video game retailer slowly disappearing from shopping malls near you. Who shares Have jumped 1700% since the beginning of the year. 1700%. It's become a thing among market watchers, obviously, but also obviously because somebody asked about it at the White House. So here's what Jen Psaki said. Our economic team, including secretary yelling and others are monitoring the situation. It's a good reminder, though, that the stock market isn't the only measure of the health of our economic of our economy. First of all, Amen on that stock market thing. Good reminder indeed. But also what is going on here that the Treasury secretary has to keep an eye on it. Emily Stewart covers business and politics were. Bakshi has been on the Gamestop story since it heated up, which was all of like a week or 10 days or so ago. Emily Welcome to the program. Thanks for having me. Could you give me in, say, a 35 40 seconds the lay person's version of what exactly is going on here? I mean, in one word, it's It's kind of read it, but basically, we're over the past several days. There's this form on Reddit called Wall Street, but has about three million people in it now, and they've gotten really excited about game stop stalking because of some different mechanism in the market as realism just piling in. They've driven up this jockey an enormous amount in the hundreds and hundreds of percent gains. We should say in like a week. It's craziness. We should point out here that game stop the company. Um, has 5000 stores, mostly in malls. It's having trouble with online. There's not in and of itself a lot that's going for the company in a business sense to validate these kind evaluations. Right? I mean, so that's one of the reasons that there is this interest in game stop because basically what has heaven is that there are these, like hedge funds can be short sellers. Right? Which, when you're a short seller, you think that the stock is going down. So basically was having a game stuff is like People are kind of fucking that idea, And there is somewhat of a business case like they have a new board member like maybe they're going to get more into e commerce. But like nobody's going to the mall, and nobody's going to the mall in the middle of him. Don't make a right Is all of this legal What the folks on reddit or doing all these short sellers is there is this market manipulation? I think that the short answer here is that I don't know. Nobody is really sure yet. I've talked to some different people. And is this different than like a big hedge fund guy going on CNBC and being like, I think this is good or bad. Or, you know, Bill Ackman years ago, just like he was going to short Herbalife and talking about that for a long time, like That's allowed, so it's hard to say right well, so let's get to that point, right? Um Wall Street. Broadly speaking, is upset because these folks on Reddit have kind of dis intermediation themselves right, And they are taking advantage of technological tools, easier. Trading the speed of information on the Internet and doing what Wall Street has been doing for decades. Nigh on centuries now, and there's a little bit of How come they can do this, right? Yeah. I mean, you turn on like a CNBC and there's quite a bit of finger wagging going on right now, and that's happening for quite some time. And it is sort of easy even it's just like a lay person to be like. Well, this seems you're responsible, but at the same time like we do live in a country where wealth creation is really hard and so like, How do you blame people for? Giving this ago even if they are being a little bit reckless. One more thing, and then I'll let you go. Markets are supposed to be all about efficient allocation of capital, right And and you put your capital where there's something productive happening, and that lets productive things happen and people get hired and they get jobs and they could make more productive things and then more capital gets allocated to that. That does not seem to be what's going on here? No, but I don't think that I think like what I was saying before, is that always help markets work? I don't think that there is an argument that Wall Street is always hyper responsible. I mean, we were in the middle of financial crisis. What 10 15 years ago That was their fault. So, you know, obvious. I think this is sort of exposing a little bit of sometimes the fallacy of why people are investing and again like you can't blame some of these retail traders for playing a game that plenty of really rich people have been playing for a long time. Totally true last. This is the actual last question. Sorry. Um Do you suppose the regulators are gonna look at this? Is the sec gonna come climbing in here and go? No, no, no, You can't do that. I mean, do you think there is there's going to be more fall out from this? I mean, I feel like they have to at least take a look like Joe Biden is getting asked about this right? They have to take a love. Hey, what will come of that? I don't really know what the consequences are gonna be here. Somebody's going to lose their shirt, though. Yes, I do Hope at least that people are doing this that they are like selling enough to break even. Yeah, Yeah, because you can lose 100% Let me tell you that Emily Stewart covers business and politics that box, Emily. Thanks a lot. Thanks so much. On Wall Street today. Well, Gamestop shares closed up 135% on the day, so that's normal. Not Broader markets. Also not we'll have the details when we do the numbers. I.
KCRW
"bakshi" Discussed on KCRW
"I do believe it's the 27th of January. It is always to have you along, everybody. We stopped first today. The White House. Briefing room press secretary Jen Psaki fielding questions at the podium. Is the White House concerned about the stock market activity we're seeing around game stop, Yes Games stop the video game retailer slowly disappearing from shopping malls near you. Who shares Have jumped 1700% since the beginning of the year. 1700%. It's become a thing among market watchers, obviously, but also obviously because somebody asked about it at the White House. So here's what Jen Psaki said. Our economic team, including secretary yelling and others are monitoring the situation. It's a good reminder, though, that the stock market isn't the only measure of the health of our economic of our economy. First of all, Amen on that stock market thing. Good reminder indeed. But also what is going on here that the Treasury secretary has to keep an eye on it. Emily Stewart covers business and politics were. Bakshi has been on the Gamestop story since it heated up, which was all of like a week or 10 days or so ago. Emily Welcome to the program. Thanks for having me. Could you give me in, say, a 35 40 seconds the lay person's version of what exactly is going on here? I mean, in one word, it's It's kind of read it, but basically, we're over the past several days. There's this form on Reddit called Wall Street, but has about three million people in it now, and they've gotten really excited about game stop stalking because of some different mechanism in the market as realism just piling in. They've driven up the stocky, an enormous amount in the hundreds and hundreds of percent gains. We should say in like a week. It's craziness. We should point out here that game stop the company. Um, has 5000 stores, mostly in malls. It's having trouble with online. There's not in and of itself a lot that's going for the company in a business sense to validate these kind evaluations. Right? I mean, so that's one of the reasons that there is this interest in game stop because basically what has heaven is that there are these, like hedge funds can be short sellers. Right? Which, when you're a short seller, you think that the stock is going down. So basically was having a game stuff is like People are kind of fucking that idea, And there is somewhat of a business case like they have a new board member like maybe they're going to get more into e commerce. But like nobody's going to the mall, and nobody's going to the mall in the middle of him. Don't make a right Is all of this legal What the folks on reddit or doing all these short sellers is there is this market manipulation? I think that this short answer here is that I don't know. Nobody is really sure yet. I've talked to some different people. And is this different than like a big hedge fund guy going on CNBC and being like, I think this is good or bad. Or you know, Bill Ackman years ago decided he was going to short Herbalife and talking about that for a long time. Like That's allowed, so it's hard to say right well, so let's get to that point, right? Um Wall Street. Broadly speaking, is upset because these folks on Reddit have kind of dis intermediation themselves right, and they are taking advantage of technological tools easier. Trading the speed of information on the Internet. And doing what Wall Street has been doing for decades. Nigh on centuries now, and there's a little bit of How come they can do this, right? Yeah. I mean, you turn on like a CNBC and there's quite a bit of finger wagging going on right now, and that's happening for quite some time. And it is sort of easy even it's just like a lay person to be like. Well, this seems you're responsible, but at the same time like we do live in a country where wealth creation is really hard and so like, How do you blame people for? Giving this ago even if they are being a little bit reckless. One more thing, and then I'll let you go. Markets are supposed to be all about efficient allocation of capital, right And and you put your capital where there's something productive happening, and that lets productive things happen and people get hired and they get jobs and they could make more productive things and then more capital gets allocated to that. That does not seem to be what's going on here? No, but I don't think that I think like what I was saying before, is that always help markets work? I don't think that there is an argument that Wall Street is always hyper responsible. I mean, we were in the middle of financial crisis. What 10 15 years ago That was their fault. So, you know, obvious. I think this is sort of exposing a little bit of sometimes the fallacy of why people are investing and again like you can't blame some of these retail traders for playing a game that plenty of really rich people have been playing for a long time. Totally true last. This is the actual last question. Sorry. Um Do you suppose the regulators are gonna look at this? Is the sec gonna come climbing in here and go? No, no, no, You can't do that. I mean, do you think there is there's going to be more fall out from this? I mean, I feel like they have to at least take a look like Joe Biden is getting asked about this right? They have to take a look. See what will come of that. I don't really know what the consequences are gonna be here. Somebody's gonna lose their shirt, though. Yes, I do Hope at least that people are doing this that they are like selling enough to break even. Yeah, Yeah, because you can lease 100% Let me tell you that Emily Stewart covers business and politics that box, Emily. Thanks a lot. Thanks so much. On Wall Street today. Well, Gamestop shares closed up 135% on the day, so that's normal. Not Broader markets. Also not we'll have the details when we do the numbers..
Covert Nerd Podcast
The Mandalorian Deep Dive
"Let's take a look at I. Guess the mandatory series win. You got done watching it. I guess. How overall satisfied were you with it up and down for you like this episode was good? But this episode is kind of a Dud. What what was your first impression as a whole I think I'd dug the whole the whole series whole a few more times? I really dug it from beginning to end when it was down it was still great. Its lowest points were still pretty high points. Okay overall. I really dug it but I also have like a huge love of Westerns and Samurai movies. And this kind of felt like it kind of felt like a way for star wars to play in a new sandbox. It felt very reminiscent of the original trilogy while also managing to kind of have its identity. Yes okay segues is into a good point. I noticed right away on the series the simple things like the fades from scene to scene. Where the same little you'll circular fades aides or sideswipe fades from? Yeah from you hope. You cannot do that when I graduated from film school. One of one of the things they told us in in film school is don't ever do that. It looks it looks amateur. It looks bad. Really for whatever reason star wars can do it and the reason they the reason they can do it is because they just kind of did it at a time when they were defining what Star Wars. This is so when episode four came out or Star Wars or the original movie nineteen seventy seven when that came out already visually. It was so distinct and so oh very specifically star wars that it can incorporate silly things like a like a cross dissolve across fade or a circle Michael Fade or whatever you wanNA call them It can do that because it is star wars and and if you saw that if you went to go watch the avengers and and you see that really slow white from the right side of the screen to the left side of the screen to transition. It would look very out of place in Lynn very artificial because because that's not part of cinema language but it is a part of Star Wars language and incorporating that into the man. delorean was something. I've thought was incredibly smart. Yes you actually see that in things like Djeddai Fallen Order And a lot of video games as well. Okay we'll incorporate that in the cut scenes it just it's A. It's an easy visual indicator that this is star wars I love that when I saw that on the very episode. That was one of the simple simple fan services that the what other fans services or things did you see that Cairo. I the main thing. The first first thing I saw for sure was was the rifle and everybody talks about the right okay but it deserves to be talked about talking about man. Does the knife owned the mandatory rifle. Yeah it's It's it's kind of like a long rifle with a tuning fork. Yes that was Boba Fett rifle in the holiday special which is the infamous holiday special which I've seen and it is as bad as everybody says and it's not like it's not like a challenge to go watch it do do not watch it. Don't and watch it. It's not it's not even worth laughing at. It's it's so hard to watch but In the BLU ray release of the Star Wars The star awards box set episodes one through six on the bonus disc. There's actually an Easter egg on their. That has the entire animated segment from the holiday special. Yes so you can actually see that and it's really cool but in that segment it's very much like a Ralph Bakshi inspired character design. It's really Kinda cool but you do see Z.. BOBA FETT teaming up with Luke at first and then he betrays him but he's got this weird rifle that should never ever work and everybody thought it was a cool looking rifle. I never thought we'd seen it and live action. Let alone we would disintegrate people. Yes that was another little throwback to empire pyre when vader tells Boba Fett notice integration. Yes because he had that rifle and rifle disintegrates. Yes it does look a little bulky on him but they still make it work. It works completely nothing about again. That goes back to what I was saying before about the visual language of star wars and again in the empire strikes rex back in the original theatrical cut. There's a shot on cloud city of a guy running through running through cloud city as it's being attacked by the empire but he's holding. What's supposed to look like a futuristic device but even in the eighties? Everybody was like that is an ice cream maker. Awesome husband was just running with an ice cream maker but they brought that back And so the the client played by Verna Herzog. He actually carrying all of his best car in one of those ice cream. Oh and so. That is another throwback that I really so when he opens up the best guard the open up that containers just the ice cream maker and it's the same kind of ice cream maker that that that extra was carrying awesome and it's Super Fund. It has no bearing on anything. If you didn't know that it's it doesn't take away or add anything to it except for the factory like I know that the super fans hansel catch it. Sure the casual fan okay. Whatever you know they won't even notice it but still get to enjoy it absolutely? Yeah and the show is filled with stuff like that. There is an episode where the episode with Bill Burr where they go to like a heist episode. Yes super the prison ship. Yeah there is one on living person on that ship. That person was played by Matt. Land Her who was the voice of anecdotes skywalker in the clone wars. Yeah and a whole bunch of other stuff but it's cool to have that clancy brown played a de Veroni wasn't Ronin. He was different. He was a different species. He was the red guy the horn. Yeah but The Big Guy. Yeah but that was clancy Brown. who was the voice of sabotage press and a bunch of other true in the rebels? Yeah and and Star Wars rebels he was sabotage press. It was really cool to see people from the animation side of things being incorporated into the live action. which is the kinds of stuff? I want to see moving forward with specific characters. Sure On the inverse of that you know we're we're getting to see live action or we're getting see animation people in live action and on the mandatory and then also in Rizal Skywalker. We got sorry guys. I'm talking about it. We got to hear. Canaan from rebels was one of the voices. You heard you heard Soka. You heard every you know people who were doing voices specifically for the cartoons in for for super fans you know which if I may indulge myself they already introduced you as a superfan. Oh good good a resident expert. Sorry whatever is just whatever cooler than I actually am but it was really fun to be able to to see those things. And if let's say I'm talking to you Leigh and you have no idea who Canaan is and we see rise skywalker you're thinking it's super cool because you're seeing this really cool scene. I think it's super cool because I'm seeing is really cool scene and also Kanaan's yeah and so it's just kind of another little the thing and and the reason I bring rays of Skywalker with this is because it's all happening right now right now You know we can. We can talk about this next year when you know when I owned the box set of the man delorean and I own the skywalker. Saga and I can watch those at the same time and and it doesn't necessarily have the same effect because we can watch it whenever this is something unique to December of two thousand nineteen this is as we're experiencing the lore. which again there are some of us like like you and I who will watch the cartoons and the TV shows and read the books and read the comments but there are are some people who only will take the movies or now the TV shows as that's all they know about wars and that's totally cool but at this point you know we saw in the Manda Laurean the child the baby iota used the force to heal somebody and a week later? We're watching the rise of skywalker skywalker. And we're seeing those same force. Power is being used and just from a serial point of view for storytelling. I I'm completely fascinated by. I'm really really excited that I can experience it this way and nobody else was going to experience it this way in now even now. We're we're staring at the New Year here in the next couple of days. People aren't going to be able to experience it that way anymore. Because it's already happened past and it's kind of a lightning in a bottle
Bloomberg Daybreak: Europe
Iranian-backed Hezbollah appears set to gain in Lebanese elections
"The business actually greg clark said that the socalled customs partnership remained quote on the table it appears to leave to ease may facing a choice between staying in the customs union or leaving the eu without a deal either could see rebels destroy her government or alto when it comes to to corporate news this morning we've been watching warren buffett over the weekend he has warned about the quote nightmare tied to new accounting rule changes in the us now it's beginning it seems the rules which require bakshi hathaway to report unrealized gains or losses and equity investments in net income helped fuel a one point one four billion dollar loss in the first quarter that marked the company's first net loss since two thousand nine meanwhile the french finance minister has worn this strikes and excessive salary demands by unions at air france klm could sink europe's largest airline bruno lemaire said the pay claims are unjustified and employees must show quote responsibility efforts is ceo resigned on friday after failing to reach a wage agreement with employees says the most in six months after warning that full year results may fall short 2017 levels let's get you some more headlines now from around the world here's bloomberg's leon cowards good morning good morning markus they counting has begun after lebanon's first parliamentary elections in nine years bloomberg's donna crash has this report from beirut lebanon held its first parliamentary elections in nine years under a new law based on proportional representation it's meant to better represent the country's complex demographics analysts expect the iran backed hezbollah group and its allies to win a slim majority lately a third of the seats volunteer ministry.