17 Burst results for "Better Place Bridge Bank"

"better place bridge bank" Discussed on Pro Rata

Pro Rata

07:21 min | 6 months ago

"better place bridge bank" Discussed on Pro Rata

"Beginning last Thursday American air carriers began laying off or furloughing tens of thousands of workers, including pilots, flight attendants, and ground crew. The. Bottom line is it didn't need to be this way. For, Months Airlines had been warning the these furloughs layoffs would happen. If Congress didn't extend their bailout funding past the September thirtieth expiration date, they said convincingly that they needed another twenty, five billion dollars, which would help maintain operations through next March when hopefully travel could return to something approximating normal levels. Politicians though that just dithered letting the deadline hit and then pass even the leaders of both political parties and the trump administration support the twenty five billion dollars. House Speaker Nancy Pelosi. Late last week asked airlines to hold off suggesting that the house might soon pass a standalone airline bill rather than insisting on it being included in a broader stimulus but then trump got sick and everything apparently ground to a halt well, except the pink slips those kept coming. Why it matters beyond the personal pain of these individuals is that these cuts can have major downstream ramifications even if America begins flying again. So here's one example. Imagine there are one hundred pilots trained on a particular wide-bodied aircraft and they spend part of their time training younger pilots who typically fly smaller planes. Now though those younger pilots get furloughed because of seniority they stopped training if some of those large aircraft pilots retire, there will not be a new crop waiting to take their place for months maybe upwards of a year. So we wanted to dig into the state of the airline bailout legislation and of the broader. With captain. Joe. DP President of the Airline Pilots Association that conversation in fifteen seconds. Bridge Bank knows the INS and outs of business ups and downs and remains dedicated to providing financial solutions to the risk-takers, the game changers, and the disrupters those committed to leveraging innovation to make the world a better place. Bridge Bank is a division of Western Alliance Bank ridgeback be bold venture wisely. We're joined now by captain. President of the Airline Pilots Association so Joe, let's start with the obvious on Friday House Speaker Nancy Pelosi's seemed to suggest there was movement on getting the second twenty five billion dollar bills through Congress and then president trump checks himself into Walter Reed and crickets what are you guys hearing about the state of this legislation? We're working every day round the clock twenty four seven to will we had hopefully avert the employment cliff that we now find ourselves in because we do have a number of pilots that are furloughed at the moment and you know every day that goes by it gets hotter and hotter to unscramble that egg. Pilots can just flip a switch and they throw the keys, Edison we come back to work. Right there's a lot involved in their security aspects are training aspects. There are medical aspects, and so what we're hearing at the moment is that talks continue we have the White House saying that they want to deal. We're hearing that MNUCHIN wants to deal of course, industry wants to deal Labor wants to deal. So we're all doing our jobs and what we need now is we need the White House and we need Congress to come together and get us a deal. Candidate as you say, pilots are being furloughed other airline employees are being furloughed you usually I assume are in the position of where you're up on Capitol Hill or your colleagues are trying to convince one side or the other to do something. In this case, they all agree and still can't get it done. Are You pissed? I'm very disappointed because despite everybody saying they want this done obviously deal hasn't come together and there's a lot of play in Washington, these days as we move closer into November but I think what everybody needs to understand here is that are particularly industry with essential workers. Right we are literally maintaining what's left of the economy everything that happens in this economy very much influenced by. What happens in aviation? So it's discouraging because many pilots and all other workers in the aviation industry of courageously come forward. So Pretty Tough Times you know we've lost members to cove nineteen and they're doing their jobs. They just want Congress in the White House to do their job you talk about how hard it is unscramble the I think there's a perception by a lot of people that were there say to be a vaccine in February and traveled to come back to one hundred percent or ninety percent that airlines could just flip a switch and have all the planes fly and customers come in why is that? Not The case we have specific training requirements, their timelines associated with that not to mention. Medical and things of that nature, and then the security aspect of it with cockpit asset security control system that on and those are names properly vetted. I would say that we're the most vetted profession ever known to man our daily lives is a constant betting in terms of training and who we are and what we are. It's ongoing. It's GonNa be a very difficult time as more and more time goes on it's going to be more and more difficult to get this job done. It really is going to put more stress and strain on the industry who is trying to keep this economy up. You know, keep it moving the companies. Themselves are not having an easy time this do you put any? Blame for these furloughs on the airline do put it square land Congress I. Don't put it on the airlines at all we had probably the cares act was one of the most forward leaning pro worker legislation I've ever seen in my lifetime and it really did do the job who could see a global pandemic coming I mean we knew that the. Possibilities existed, but it hit it took a lot of teamwork we've been working with the industry we've been working with government and our pilots. Really. We have gone to great extents to work collaboratively with our companies to workout arrangements to keep as many people on job as possible, and that's what I mean. We're stepping to the plate and we need others to. Big airports like O'hare, in Laguardia, etc. Obviously going to be there in six months and two years. Is there a threat to kind of the second third tier airports with the lack of traffic right now and if money doesn't come through that, those might not come back. Those things might just become go ships. Yeah. I'm really glad you asked that question because one of my biggest concerns right now is in that area the industry. Okay. The service to small communities is small airports extremely. Critical to the economy. It really does stimulate economic activity, and now as the majors have pulled their systems a bit just out of sheer survival, many of these communities, you small committees going on service. So yeah, it does have a tremendous effect and it's one of the areas that we've been focused on for a great deal time. Are these folks were going to sit on the couch and wait for the call or they gonNA look for other sorts of jobs? Well, that's the thing. You know there is that bit of leakage right? I mean you can't people for wanting to survive. So if there are the opportunities that will come along, it will only degrade the opportunity to come back on and get the economy up and running. It's tremendously a problem right now do you have a sense of how many pilots have lost their jobs either officially or furloughed? So yeah, we are looking really immediately at our own anywhere close to in the end probably anywhere from seven. Thousand Ten thousand pilots that could end.

Congress Airline Pilots Association White House President Nancy Pelosi Joe Months Airlines Bridge Bank America Washington Western Alliance Bank trump Laguardia Walter Reed
"better place bridge bank" Discussed on Pro Rata

Pro Rata

04:34 min | 6 months ago

"better place bridge bank" Discussed on Pro Rata

"For people who are outside the middle class. Final question for you books out a little bit over a week now, obviously I assume you've gotten lots of reaction on it has there been a kind of line of response or reaction you have gotten say more than once or few times you weren't necessarily expecting. I mean I didn't realize how much it would be received as like A. This is a book that perfect for our time right because I think we are at the point in the pandemic and in the quarantine and also intersecting with kids going back to school or not going back to school people have exhausted their resources both financially, and just like that wherewithal they're like, how can I keep doing this in your staring down the rest of? The winter, how can I possibly deal with that? But the other one is that a lot of people are like I. Really want to read this book. I had no capacity to read it right now. I. Two burnt out to read about burnout and Home Peterson. The name of the book is can't even how millennials became the burnout generation, which you can get an Amazon or physical bookstores if you can find one. Thank you very much for joining. Fridge Bank helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk takers, the game changers, and the disrupters those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor backed emerging technology and growth companies for nearly two decades through its national network of banking teams and offices. Bridge. Bank is a division of Western lines. Bank ridgeback be safe venture wisely. Welcome back. What we're watching today is capitol. Hill. Where House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin are meeting in their never ending but ever flailing effort to cobble together a new economic stimulus deal. So we wanted to ask axios congressional reporter train for the current state of play and why President Trump still refuses to personally get involved. Not Looking very optimistic. I. Think Leaders Today on both ends of Pennsylvania Avenue kind of cast doubt on the prospect that will have some sort of agreement on stimulus before the election I think everyone knows that there will be another bill even Senate Republicans who I think are the most pessimistic when it comes to this, but the idea that it will happen. Before November isn't looking that great and that's mainly because they're still very far apart on the key priorities I think that Democrats have said all along that they do not WanNa do any sort of standalone skinny type of bill they want if they're going to get any sort of recovery for anyone, they want it to be comprehensive of course Republicans the otherwise. The most open secret on Capitol Hill is that if the president could have a five trillion dollar deal, he would make one because what they want is to inject steroids into the economy and get pumping before November I? Think if you ask the White House, they tell you that he is involved he sending his key people, Mark Meadows Treasury Secretary Mnuchin onto the hell. But the here is who is most likely to strike a deal and really it is secretary Mnuchin a lot. Of People Republicans especially view him almost as a democrat. He's willing to give away a lot mark meadows is the one who pulls him back on the kind of keeps in line with what Republicans on House Speaker. Nancy Pelosi and other Democrats find it difficult to negotiate with trump. They prefer not to negotiate with him. They obviously meetings with him and sometimes worse place than they began and so I think that's why we haven't seen him play a central role in these talks. Today we're also watching the latest in the vaccine race with Madeira saying publicly that it won't seek emergency authorization for its vaccine until the day before Thanksgiving at the earliest, it also says that widespread distribution wouldn't begin until next spring, and again, these are best case scenarios and they're at odds with the timeline president trump touted during Tuesday night's debate although it does remain possible that Pfizer, which is also in phase three trials could move faster. And finally we're watching subway after Ireland's Supreme Court ruled that the sandwich shops bread well, it doesn't meet the legal definition of bread. Apparently, it starches a little too sugary which means the company doesn't get a tax break in Ireland that it was seeking. And we're done big thanks for listening. It's my producers, Tim. Chauffeur's Naomi Shaven have a great national homemade cookie plenty of sugar in there, and we'll be back tomorrow with another axios recap..

Better Place Bridge Bank president House Speaker Nancy Pelosi Steve Mnuchin Ireland Fridge Bank Amazon White House Naomi Shaven mark meadows Trump secretary Home Peterson Mark Meadows Senate Tim Supreme Court
"better place bridge bank" Discussed on Pro Rata

Pro Rata

08:02 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"Today's Wednesday. September thirtieth. America's blood pressure is up Disney theme park jobs are down and we're focused on one of Silicon Valley's most controversial companies. Earlier today Pantene tear technologies went public on the New York Stock. Exchange. It did so via a direct listing rather than an IPO. But that's not even the interesting part except to finance nerds instead it's because Pailin tear has long been known as secretive and controversial and to be honest unique with within tech industry known for Copycat. ISM. Penalty was created in two thousand and three to apply information technology to anti-terrorism campaigns by a group of founders who included current CEO, alcs, carp current venture capitalist, Joe Lonsdale, and Peter Thiel, the well-known facebook director, and inform advisor to president trump. Also pledged to help secure people's data from their own governments kind of philosophy of we'll help them find you. But only if you've done something really bad. As Alex Kerr recently told axios on HBO. If the US government targets somebody with a drone strike chances are that talents your software was used somewhere along the way. Pound tears since. Moved into work with government entities like ice, which obviously doesn't make it to popular in large swath of liberal Silicon Valley. It also works with governments if foreign. And a growing number of businesses which represents around half of its revenue. Oh and speaking of revenue and balance sheets pound. Cheers unprofitable despite a massive valuation and a longtime in business. So we want to dig into what Palette here is and what it isn't with company CO founder Joe Lonsdale, who no longer works pound here but who continues to be paid a consulting fee and who holds a whole lot of Pailin tear stock that conversation in fifteen seconds. Bridge Bank knows the INS and outs of business ups and downs and remains dedicated to providing financial solutions to the risk takers, the game changers, and the disrupters those committed to leveraging innovation to make the world a better place bridge. Bank is a division of Western Alliance, Bank ridgeback be bold venture wisely. We're joined. Now by Joe Lonsdale a CO founder of technologies also, a venture capitalist who runs Eight v C.. So Joe, what was kind of the mission when you help found Pailin tear basic idea was to take a really competent technology culture that had gotten way ahead of Washington D. C. and to apply to solve the most important problems going on at the time, which was basically to help bring together data to solve. Problems and stop terrorism stock attacks while protecting civil liberties the protecting civil liberties you obviously well, no kind of some of the criticism of Pailin tear, which is this idea that has gone from as you say, kind of protecting US troops overseas to enabling whether it be ice or NSA to spy to a certain extent on Americans how do you respond to that because it seem to be kind of a fundamental mission creep? Well, if you look at what we're doing, we're helping augment the human mind to act on data and act on data they're allowed to act on and to me it's really ironic that is seen as problematic that way because the whole idea was, let's build in such a way that people are only allowed to see share they're allowed to see in share. So there's audit trails you can watch the watchers. It's a rather than like the show twenty four were Jack Bauer goes and just whatever he wants to get the bad guy let's have a system. That only lets them use the data legally only the way they're allowed to you, and that's the whole point is helter is a privacy engine that lets you only see what the rule say allowed to see. How does Powell to your protect that data from talent here basically set up there, and it's very clear how pounder works with whoever's in charge always see who's accessing what so I mean I suppose it is possible that if the people using it are doing. So in a way, it's it's hidden from pounds here in charge all the way up the top could be involved in. Something, they're not supposed to be doing that is the power they have. However, it's designed such way. It's very hard for any small bricks to get away with anything. They not supposed to do because people talk about full control and can't see what happened. What was access isn't that one of the concerns that when you've got a company that's collecting and analyzing and kind of merging so much data that even though whether it be ice or the NSA or some corporate customer doesn't have access, there is somebody who has access and it does open the possibility of there being a bad actor somewhere. Well it makes it a lot harder to have a bad actor. If you haven't information infrastructure that's tracking everything tracking exactly how it's used and the has pounds here itself doesn't have access to all the data that people are using pounds here to work on. So it's not like talent you're sitting in the middle is able to see everything. You're always when I read a story about that, it's referred to as the secretive silicon valley technology company I know this bothers me a lot and you know what it is. Helen chairs culture is really good at getting the most talented engineers technologists in the world and saw the really hard problems in these really cool missions they go on with their customers to work on penalty here does not have very sophisticated and built out PR group. In fact, the PR strategy seems to be to avoid talking to the press I. Guess that makes us secretive but it's funny because we go to their site they explain. How the technology works explain when it's it's really complicated. Building information infrastructure is not easy. It's not complicated most of us don't understand it so I think rather than secretive is that it's doing something that is just relatively Tarik most people, Alex Carpet Interview with my colleague Mike. Allen for our HBO show about a month or two ago, and he talked about how even within his own family certain things pound here has decided to do have been controversial for you. Are there things are their customers their clients at has taken on that? You think man if I was in charge, we wouldn't have done that. It's an interesting question. Actually I don't have full information on exactly how it's working western countries in the Middle East I tend to be very pro enforcing the laws in the US never they are working with our allies works with thirty to forty nine over five countries probably were forty point. I'm very allying with talents here. Don't China don't work with Russia Iran Etcetera. Obvious one son other allies in the Middle East I. Don't know exactly how they're using it. I. Always get a little bit of a queasy feeling myself. Exactly what people do in certain countries where my values are not aligned with their pounder has a strong set of principles internally but I've actually not privy conversation since I can't say for sure that I, agree with every. Choice. They've made their but in general I support with Algiers done number like trout and all these things they've done does that include ice and I guess I asked the question because the company originally was kind of founded at the time of the Iraq war and as you said, was kind of an anti-terrorism thing in part it seems correct me if I'm wrong about this. The part of its technology is being used by not to identify violent criminals, but to identify people whose sole crime is crossing a border but not violence. Well, in general, the company has to make a choice he's going to support US laws are not you know I was actually when I started we joke, maybe we shouldn't be helping the IRS depending on different people have. Different views morally of that, and of course, it does out the IRS while I think in general helping the government do what does better is right thing to do I personally am very against some art immigration laws that said minor standing as the Obama Administration worked with here with ice and they actually ended up stopping a lot of child traffickers and caught law child. Traffickers, thanks their works Joe Your Day job now is being venture capitalist, identifying new tech companies which to invest. Do you see baby palim tears coming up from behind it? Because from my perspective on the outside, I don't seem to see much you've got a lot of big data companies but not ones that are aiming at the same sorts of markets found series. That's A. Really good question and actually gets the heart wise special company. It's actually something very similar to what we did without a apart is we took a bunch of really talented people and we worked on a problem that take four or five seven years to really solve properties very, very hard problem to take these things that used to be services and to make into products there's. One hundred billion dollars year services everyone around the world does that nobody else has been able to turn as many of them into products such a hard technical problem. So ideal hope to have somebody else spent hundreds of billions of dollars with equity driven team of the very top talent to be able to pounce here does I have not seen people.

Joe Lonsdale US NSA Middle East Pailin CO founder Silicon Valley America Pantene HBO New York Stock Western Alliance IRS Jack Bauer Alex Kerr Algiers alcs better place bridge
"better place bridge bank" Discussed on Pro Rata

Pro Rata

07:04 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"Hi I'M DEBORAH MAC and welcome to access RECAP PRESENTED BY BRIDGE BANK Stays Wednesday September twenty third. TEX stocks are down. CEO Confidence is up and we're focused on the newest intersection of wall, street and silicon. Valley. Earlier today, we learn about the biggest deal ever involving specs those blank check companies that have been getting created by everyone from Hedge Fund Titan like Bill Ackman to tech icons like Reid Hoffman to former House Speaker Paul Ryan. For those who don't know specs work here's a basic primer, a group of investors for Michelle Company that's the SPEC. It then raises money through an IPO and use that money to find a private company to buy the stock in the private company workout all the details, and if successful private company becomes publicly traded using the specs ticker symbol and the SPEC basically ceases to exist. Today's record-breaking deal was a sixteen billion dollar transaction to buy something called you WM, which is the country's second largest wholesale mortgage lender just behind rocket loans. But beyond that you WMD. Tons of SPECS way more than we've ever seen before with new ones being announced daily. Now, a big part of this surge does come from Wall Street of course, but also a huge part is coming from Silicon Valley, including from tech venture capitalists who used to invest in startup, take taking public and then move onto the next startup. Now. These same investors are looking to buy in late helping tech UNICORNS. into the public market. So we want to better understand why valley investors are creating specs and why now with two people who just formed one? Reid. Hoffman. The CO founder of Lincoln and partner with VC, firm gray lock, and Mark Pincus the founder and former CEO of Zinger That conversation in fifteen seconds. Rich Bank, helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk-takers, the game changers, and the disrupters those committed to leveraging innovation to make the world. A Better Place Bridge Bank is a division of Western, Alliance Bank ridgeback be bold venture wisely. Joined now by Reid Hoffman and Mark Pincus who recently raise six hundred, million dollars for a SPEC called reinvent technology partners re let me start with you. There have been tons of tech focus backs raised and lots more in the planning stages right now are they're going to be enough mature tech companies out there for all of these specs to buy particularly companies that don't just go public via traditional IPO process I think so and weaving. So the significantly over four hundred private. Company UNICORNS right now probably, not all of them already probably not all of them want to do. So I mean I think part of the thing that we look at reinvent and we said actually what specs created a really interesting opportunity venture scale, which is basically the cycles by which he's Tech Company to come really big are going through of invention and reinvention of adding products and markets changing their business model or platform their go to market strategy, and that's actually impact how. Companies get big NETFLIX'S TVD streaming but it goes across all of them and in that case, we think what you want is you WANNA partner for folks who have done it before themselves who have built it, and that's what we're car is going into the next decade and so we think that that's the kind of thing that set of these companies will be looking at and you don't need a huge number when you're doing the kind of venture capital scale because I think it was relatively few of the backs. That actually in fact, have the depth of experience of what that journey looks like castle that seems to be true today but my understanding and tell me I'm wrong about this. Is that basically almost every single quote unquote Sandhill road firm right now is either thinking about doing a Spec or is actively prepping one and is certainly being pitched on them by back bankers. Do you not think within six months almost most quote venture firms we've thought of or folks like you are going to have their name on one Well it's a little unclear I mean it's possible and by the way. But even if you said, Hey, look, we got the top twenty venture firms in Silicon Valley are each back that S- facts out of the four hundred. So even if you said that was the case you still have a very narrow window I think a lot of the top tier venture firms. You, know we have this great early stage practice curious about this. We think the good thing we think is getting companies ready for the next generation so far the history of the scenes arteries reason we feed this opportunity was faxed is they shepherd the company Diageo and generally then say good luck you've graduated from college you're off the races now versus helping next ten years. Mark when you think back to say Zingers IPO and obviously you didn't have this number of specs that was there. If you could go back and if these specs whether they be reinvented others existed, do you think you would have gone public vs back as opposed to the appeal process you pursued? I actually do think that I women of back if I could find the right kind of. sponsor. Because what I realize now, it didn't occur to me at the time we went public, but I felt it over the course of our own reinvention and our to mobile is that the way the venture cycle is set up. I had a Reid Hoffman John doerr of being Gordon all the way up through my IPO I had these partners at the table who were acting like protagonists with. Me, that cycle ended with the IPO for the venture world but the many cycles after of invention, reinvention were continuing for me in the company and so I think that this model of getting a new kind of venture partner at the table at the point that I'm going public who wants to beyond that next journey and serve in that role would have made a big difference for my company. Read Venture Capital as an industry has not changed all that much over the past twenty or thirty years the numbers have gotten bigger. The individuals have changed obviously the types of companies have changed, but the basic structure has been pretty for disruptive industry. Is this a disruption to venture or no? Is this just a little prong on the side of it? Well, I think it's an addition, right? So it's neither disruption for sure but also I think part of the question I think part of what makes venture work you say, how do you? Get a serious individual in a serious firm behind them to partner with you for the next decade in making these cycles, Menendez and reinvention work, which is the normal tech thing. We've named reinvention technology partners because of this process, not because of a branding woman and I. think that's what the really interesting edition because the question is is, how do you do this for technology companies? You know kind of projecting them into the future I think addition prong probably too small revolution.

Reid Hoffman partner Mark Pincus venture partner CEO Bill Ackman DEBORAH MAC Michelle Company Reid Hedge Fund Titan Reid Hoffman John doerr Better Place Bridge Bank Rich Bank Diageo UNICORNS
"better place bridge bank" Discussed on Pro Rata

Pro Rata

05:00 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"Would be quite a step and I think some conservative justices might balk at that. You are a clerk in the court years ago to jump off Stevens and thinking Ginsberg. How much the individual justices discussed these issues with one another in other words obviously there's the oral arguments and lawyers trying to be persuasive in those. How much interaction between the actual justices are there were they actually argue these issues amongst themselves yeah. It depends a lot on the case every case they'll go back to conference and explain their positions how much extracurricular argument happens between the justices. I would say for bigger and more consequential cases there's a lot more sort of internal lobbying of one another than there are on the mine run case but even for the big cases, they don't all talk to each other and they don't necessarily spend a long time having those sorts of college dorm room type discussions of cases. It's pretty professional they keep it pretty tight so I can imagine. Seeing some of that but probably never going to know final question for you. I want to ask because this issue of whether you want to call it expanding the Court or court packing depending on which side you are, whichever phrase you want to use what are your thoughts on the idea of possibly having more justices added to the supreme? Court there's nothing in the constitution that says the. Supreme Court has to be nine justices I think there's a very serious problem when we have created an institution that wield as much power as the Supreme Court where justices set for life and we're one political party whether they'd be Republicans or Democrats can get a lock on the institution potentially many decades after their political coalition has frayed. So I think we've got a constitutional problem on our hands. To solve that is a deepened a hard question I. Certainly think part of the discussion should be, should we make some changes to the court either in the number of justices to serve in the duration of time that they serve or in any other way but I think all of those conversations should absolutely be on the table they could make Bagley professor at the University of Michigan Law School. Fridge Bank knows the INS and outs of business ups and downs and remains dedicated to providing financial solutions to the risk-takers the game changers and the disrupters those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor back emerging theology in life sciences companies for nearly two decades through its national network of banking teams and offices. Bridge Bank is a division of Western Lines Bank ridgeback be bold venture wife. Welcome back. We're watching today is the latest on Tiktok. which is only getting messier as things go along over the weekend, it seemed that all the parties had reached an agreement but now no, one can quite agree on what was in the agreement. Make things even more complicated president trump keeps claiming publicly that there are parts of the deal that no one else thinks her in there, and now Beijing may scuttle the whole thing because it claims it undermines not just China's national security, but also its dignity. The bottom line. You can still download and use the APP for now. Today we're also watching a major stock market selloff seemingly tied to reports. The Great Britain may institute new lockdowns in order to stem possible second wave of covid nineteen just for context the Dow Nasdaq and S&P, five hundred are all down for the month of September. And finally, we'd be remiss in not saying something about Ruth Bader Ginsburg that has more to do with who she was as a person and less about who she was as a justice. Most of you probably don't know this and I didn't know it until recently but our producer Naomi Shaven was a published author at age seven. So you have to live up to that with a book of letters she sent to important people including their replies among them was the late. Justice. Ginsburg who Naomi met Multiple Times while a child I, want to know how she described Ginsburg to people who never had the chance to meet her. Obviously. She was a very small and diminutive in her stature but incredibly intense. Very intense blue eyes and I have vivid memories across the three times that I met her looking her in the eyes and she made really strong eye contact I think she was the kind of person who no matter who she was talking to was immediately invested in them and deeply empathetic even though I was a kid I felt like she took me really seriously you know in the letter that she wrote me she mentioned that she is also a grandma ruth. Ruth she's at her grandkids called her bubby. New. Jewish person what that meant. When I met her in her chamber is she went out of her way to mention that Jimmy Carter had elevated her to the federal bench. So she had this storage connection because Carter is from Georgia and not really stuck with me that she wanted to feel connected to her obviously I admired her so much. But she wanted to build that connection with me too I. think that that empathy is what drove her professionally. And we're done big thanks for listening. It's my producers Tim. Chauffeur's Naomi. Shaban have national pecan Cookie Day and we'll be back tomorrow with another CS recap..

Ruth Bader Ginsburg Naomi Shaven Supreme Court Better Place Bridge Bank Jimmy Carter Fridge Bank Bridge Bank Stevens Western Lines Bank Ginsberg University of Michigan Law Sch Bagley Tim Tiktok. China Britain producer professor
"better place bridge bank" Discussed on Pro Rata

Pro Rata

04:28 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"I think by pulling their collective resources, they can going forward I wonder the looking back when you think of Amazon's been around for three decades at this point, how much Amazon contributed to climate change since its founding it's funny because from a sustainability standpoint, Amazon has been working on this problem for a long time. We haven't been public about it until the last year with our. But the organization has been around for a lot longer than that and I think it's something that we've addressed or we're trying to address increasingly. So as go forward because agree it's a global problem that corporations need to step up for an Amazon is much at any other company is responsible for where we are and we need to take responsibility for how to get ourselves out of this you say you weren't really public about it is part of the reason you guys are going public that in your home market of Seattle you guys face a lot of political pressures on taxes and other things, and this is in one way a way to help. Maybe offset some of those particularly with the left in Seattle. You know as I mentioned, we've been working on this for a number of years way before going public with putting your name on the stadium, the hockey arena downtown. Stadium I think it's just more to put a stake in the ground to say that this is something that those naming rights go for a long time, and basically if people look back in five to ten years and he's Amazon hasn't done anything since bring her name on the stadium. That's on US every hockey game every cracking game is played in Seattle every WNBA game every concert you're going to climate plagues arena on that it's a forcing function for us to make sure that from Jeff, all the way down for all the business units we're focused on this issue, and if not, we have the weight of public scrutiny on. Oregon keep our word. Well I believe if you read about, I believe the crack in historically is carbon neutral talk. So, Matt thank you very much for joining us I really appreciate it. Thank you. Rich. Bank knows the INS and outs of business ups and downs and remains dedicated to providing financial solutions to the risk takers the game changers and the disrupters those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor back emerging theology and life sciences companies for nearly two decades through its national network of banking teams and offices. Bridge Bank is a division of Western Lines Bank ridgeback be bold venture wiped. Welcome back. We're watching today are New York, city schools, which announced they'll delay the return of in-person learning which had been slated to begin next week the reasons continuing teacher concerns about safety and an acute staffing shortage. Why it matters is that this creates big new logistical nightmares for many parents of the more than one million city school kids, or at least the more than half of them who opted for hybrid or blended learning model where you do part of the week in the building part of the week at home. Some of these parents will simply work from home like they've been doing for months but many others might be forced to make difficult choices between taking time off from work asking if their kids can do school from the parents workplace or just leaving the kids unsupervised altogether. Today we're also watching Moderna one of the two US drugmakers in phase three clinical trials for covid nineteen vaccine today, it released a one hundred and thirty five page document explaining how it's running those trials and how it plans to determine safety and efficacy. To important notes first disclosures like these are incredibly important. Twice on this podcast, we've had on renowned medical experts who've said, they're concerned about the White House exerting political pressure on drugmakers or on the FDA but that it could be counteracted by transparency into the process and results to Maderna's suggests but doesn't say outright that it's unlikely to have a vaccine by election day or. Maybe, even by Christmas instead the likeliest first full analysis phase three trial data won't come until late December with follow up analysis in March and May. It is certainly possible that an emergency use order could come in the term, but the company itself the one that makes the vaccine is saying not to expect solid safety or efficacy results until the middle of twenty twenty one. And we're done big thanks for listening. It's my producers Tim Service Naomi. Shaven. Have a great national apple dumpling day. Back tomorrow with another axios recap..

Amazon Seattle Better Place Bridge Bank Oregon US Tim Service Naomi New York hockey Matt WNBA Western Lines Bank Jeff White House Maderna FDA
"better place bridge bank" Discussed on Pro Rata

Pro Rata

03:34 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"A Chinese company as opposed to Johnny UNICEF final question for you, which isn't Tiktok specific. It does relate to a trump executive order came on the day, which has to do we chat and ten cents. I know that we chat obviously in China. It's very big deal in the US though it gets used a lot by Chinese ex-pats communicating with family communicating with business friends etcetera back home if it is banned, is there a backup plan for how they're going to communicate with friends and family in the US a different technology? There isn't anything that's going to be as straightforward. Actually today I had a couple of people tell me that they're. Not going to be allowed to communicate with anymore over we chat because their companies have told them, they have to delete we chat from your smartphones. So I asked actually that question I said, how are we going to communicate well through email through text messaging? You know it's just not going to be as straightforward but yet they're definitely making those decisions unison and Beijing bureau chief for CNBC. Thank you so much for joining. Thank you so much. Bridge Bank knows the INS and outs of business ups and downs and remains dedicated to providing financial solutions to the risk-takers, game changers, and the disrupters those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor back emerging technology and life sciences companies for nearly two decades through its national network of banking teams and offices. Bridge. Bank is a division of Western Alliance Bank ridgeback be bold venture wife. Watching today is nickel. An Electric truckmaker who shares are getting pummeled after Bloomberg reported that the SEC is looking into a shortsellers claim that Nikola may have lied about the status of its technology why it matters is that Nikola just weeks ago, signed a massive partnership with General Motors whereby GM would help manufactured the truck and GM would get around two billion dollars in Nicholas Stock. So I asked axios transportation reporter, Joann Muller about why GM sign the deal in the first place, and if the does find fraud if it could cost GM CEO Mary Barra. Well the simple answer is that it costs a lot of money to develop these new technologies. What's helpful about the Nikola deal is that they're going to basically build an electric pickup truck for them and that gives them scale. It spreads the cost it's very useful to have another customer for their technology. I think that Mary Barra has proven herself to be a very good CEO who got gm through some very difficult times and she is really position the company for the future. It might be a blemish on her record, but I think in balanced everything that she's done is put the company on the Right Track Today we've been watching the apple launch event but not too closely because first of all, it's just a massive PR pitch, but also because it's more about a new crop of watches and tablets, not iphones, and finally today we are watching scientific American which formally endorsed Joe Biden for president most media endorsements are unremarkable, but this one stands apart because scientific American is the country's oldest continuously published monthly magazine, and this is the first ever presidential endorsement in it's one hundred and seventy five year history. And we're done big listening to my producers Tim Chauffeur's Naomi Shaven have a great national double Cheeseburger Day and don't confuse that with national? cheeseburger. De. comes. Friday. We'll be back tomorrow with another axios Rica..

Mary Barra Better Place Bridge Bank GM US Bridge Bank Johnny UNICEF axios Rica Nikola China CEO General Motors executive Beijing Bloomberg SEC Tim Chauffeur CNBC bureau chief
"better place bridge bank" Discussed on Pro Rata

Pro Rata

04:19 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"The barriers that limited food getting out there that would be supported by FEMA. The language was actually introduced into the was included into the Heroes Act which passed the house and then went to the Senate. Obviously, there has been a stalemate and what came out of the Senate was very different and there's a lot of negotiation going on. So the feedback does still exist as a standalone bill in both the House vote the Senate we've got support from Democrats and Republicans. So we are hopeful to get some movement on it i. do think that if possible if we can push it forward as part of a broader relief legislation that would be fantastic because that's what we're trying to trying to make things easier for families. To get food during this time and free up resources that are already bear. But her just sitting there unused because of a lack of clarity of how this funding can actually get out the door and directly reach families in need the stalemate you reference has been going on for over a month Heroes Act was passed obviously back in May. Give me one reason for optimism that the food act is actually going to become law say by year end. I remain optimistic because we do have support on all sides and food is not a partisan issue and I do think that there is recognition that we are in a crisis that there needs to be some sort of response to we all know how the fall is GonNa play out but I think at the moment based on what we've heard, this is a priority we've been talking to the speaker's office. We've been talking to a lot of Senate offices and House offices and folks know that this is right now urgent. So that gives me a sense of. Hope and because we're not asking for any additional funding, we're not trying to pull in another one hundred billion dollars get allocated we're trying to do is use existing resources smarter. So based on that, I'm a little hopeful, always a little skeptical based on how things are going right out but we'll see how the next month goes through and we're going to keep pushing. We're going to keep the phone calls out. We're going to keep the pressure up. This is an important issue in hunger right now is front and center in our country like we've never seen before. They moved CEO of World Central Kitchen. Thank you so much for joining us. Thanks for having me. Fridge Bank helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk-takers, the game changers and the disrupters those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor backed emerging technology and growth companies for nearly two decades through its national network banking teams and offices. Bridge Bank is a division of Western Lions Bank Bridge back be safe venture wisely. Welcome back. We're watching today is the labor market just ahead of Labor Day. With the government reporting that the country last month added one point, four, million jobs and the unemployment rate fell from ten point two percent in July two, eight point four percent in August the bottom line, there is an economic recovery, but it's a sluggish one. Today we're also watching a preview of an upcoming axios on HBO interview with Facebook CEO Mark Zuckerberg in which he worries about the likelihood that we won't know who won the election on night or maybe even days or weeks later. You might recall this was the subject of yesterday's axios recap podcast and Zuckerberg believes the consequences of this delay could be far more severe than just nasty social media messages. A heightened risk of of civil unrest in period between between voting and a result being called or or after that and I I just think that we need to be doing everything. We can to reduce the chances of violence or civil unrest in the in the wake of this election. The full interview airs Tuesday night on HBO. And finally, tomorrow we'll be watching the Kentucky. Derby? It's the one, hundred, forty, six addition but it's the first one ever not to be held in May let alone the first in which the stands will be empty. And were done big thanks for listening to my producers Tim. Show vers Naomi Shaven had a great National Macadamia Nut Day. Be Back. Tuesday with another axis can..

Senate Better Place Bridge Bank HBO CEO Mark Zuckerberg FEMA Western Lions Bank Bridge Fridge Bank Naomi Shaven Tim Facebook Kentucky
"better place bridge bank" Discussed on Pro Rata

Pro Rata

04:04 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"Been very few in almost every single case it's been an example like the president suggests for somebody's trying to test the system. Are you word? There's GonNa be more this year because in past cases you haven't had a president kind of suggesting supporters should test the system. Of course I'm worried when the president says something a lot. Of. People listen people should know that this is a very low or high risk scenario in most states like North Carolina New Mexico this is a felony trying to commit voter fraud. You could go to jail you lose your right to vote. If you try to test the system this way you and your secretary of State sometimes strike me a little bit like Umpires and baseball game. If you're getting talked about after election day, there's a problem you shouldn't. You should be behind the scenes you get the sense of from your peer group that they are about to become the story come November fourth I. Think we all know. That's a possibility as we're heading into an election, any election, but particularly presidential election and states that have in particular had the microscope focused on them and the really crucial swing states in particular I think they're really aware of the gravity of the moment and potential that any large or small decision they make could put them in the national news, but you're exactly right as election officials are rewarded for doing our job well as that nobody knows who we are and our word for making decisions that are not taken well, is that the entire world surname? So we all WanNa try to avoid that final question new. Mexico specific. When do you believe we? We being the public will know what the vote was in New Mexico. I think that as far as the presidential racist concerned, we will know on election night we will definitely have outstanding absentee ballots left to count on election day a lot of them are gonNA get handed in apples on election day, and that will take another day or so to get them counted but I feel confident that we going to have the vast majority of votes counted in where the presidential race is concerned, I think we will know that Al ALCOM on election night secretary over. Thank you very much for joining us. Fridge Bank helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk takers the game changers and the disrupters those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor backed emerging technology in growth companies for nearly two decades through its national network of banking teams and offices. Bridge Bank is a division of Western alliance. Bank Bridge Bank be safe venture, wisely. Welcome back. Watching today's facebook. Which announced, it won't accept political ads for the week before Election Day. It also plans to label posts from candidates who prematurely claim victory instead directing users to official results and will limit users from sending a messenger message to more than five people. Why it matters is that U s political misinformation and manipulation have long thrived on facebook, and this is the social networks most aggressive move so far to fight it. We're also watching, India, which is banned one hundred eighteen so-called Chinese tech APPs do extensively to national security concerns. This includes a popular gaming up made by ten cent and is part of a broader geopolitical battle that began recently with a physical military skirmishes on the border with India than escalating by becoming the first country to ban. TIKTOK. Some news from these small Alaskan village of idiotic where on Friday night a young child needed to be flown out on the MED VAC plane. But the local airstrips lights they were out in the plane couldn't land to pick the kid up a few locals realized there was a problem when the plane kept buzzing by their homes and began phoning neighbors in the end around twenty cars and trucks showed up at the airstrip using their headlights to help the plane land and then take back off with the child to arrive in Anchorage. And we're done that's listening. It's my producers Tim show. Ami Shaven have a great national Welsh rare bit day and we'll be back tomorrow with another axios recap..

Better Place Bridge Bank president facebook New Mexico India Fridge Bank Ami Shaven baseball North Carolina Mexico Anchorage Western alliance Tim Al ALCOM
"better place bridge bank" Discussed on Pro Rata

Pro Rata

07:48 min | 7 months ago

"better place bridge bank" Discussed on Pro Rata

"Hi I'm Dan primack and welcome to access recap presented by bridge, bank, be safe venture. Wisely, today's Thursday September third. The Dow was way down the trade deficit is up to twelve year by and we're focused on election night chaos. America, is exactly two months away from election day and it's shaping up to be a train wreck. That's true. No matter which presidential candidate you support. The big issue is that all of us have been conditioned to expect a winner on election night or at worst by the next morning but that's highly unlikely in two thousand twenty due to the expected surge of male in votes. In some states like Michigan, local law prevents election officials from opening any ballot envelopes until Election Day itself earlier this week, the head of Mike Bloomberg's tech firm told access on HBO that his modeling shows trump looking like the clear winner on election night due primarily to physical votes. But that Biden would actually win when all the mail in votes are tallied maybe a week or so later trump's reaction to that projection was to tweet out quote rigged election with a question mark even though the interview said nothing of the sort. And then yesterday the president suggested North Carolina voters should vote twice once via mail once in in person even though that would be illegal. In short trump is telling his supporters not to believe the results if they change even though common sense says that change should be expected in one direction or the other. One solution to this pending chaos could be for states to simply not report any results until they've counted all or most of the male in votes but so far there seems to be very little appetite for that. If fifteen seconds will go deeper with Maggie to loose Oliver New Mexico's secretary of state and President of the National Association of Secretaries of State. But I this? Bridge Bank knows the INS and outs of business downs and remains dedicated to providing financial solutions to the risk takers. The Game Changers disrupters those committed to leveraging innovation to make the world a better place. Bridge Bank is a division of Western Alliance Bank Bridge Mac be bold venture wisely pink. We're joined now by New Mexico's Secretary of State Maggie to loose Oliver who also is president of the National Association of Secretaries of States Secretary Oliver, you told my colleague, Steph Kite. The following quote if we put out numbers that are not accurate that is going to drive the narrative. So my question for you, what are you and your peers doing to guard against driving a false narrative we as Election officials feel like it's really important not only to get lunch results out timely because we understand both the perception of transparency of the process, as well as the perception that your election officials are competent right? They're getting the job done. Really a what we don't want to do as we don't want to rush that for the sake of appearances because if we cut corners if we don't do everything. Make. Sure. Regarding is and crossing ts than we could potentially something wrong and if we get something wrong and whatever the wrong results is, we'll be perceived the right one because that was the initial result. So what we're doing is just making sure we have processes in place to address that it's one thing to be wrong, right? You know you have the wrong number of votes for one candidate that's obviously A. Big, problem. But what we have for policy and a lot of states who are going to release the results of in person voting as they get them on the night of the third, some will count absentee ballots that day some will not don't most states run not just the risk we're walking into this trap of defacto releasing very incomplete results, which in many cases might be wrong just by nature of incomplete results. While, we all do that on election night and one of the things that we don't really ever talk about amongst ourselves as citizens. The fact that new for most people election-night that's it. These either results. You know how many ballots are in counted and we know how many outstanding and for the most part we can make a very solid educated guess about what? The outcome is going to be because the math just doesn't add up to have a change in the outcome reality is election officials are continuing that process to make sure that they count every single ballot after election day problem is we don't release any results on election night. There is a perception that something is going on behind closed doors or something went wrong. Because you're president of National, Association of Secretaries of State have there been discussions about saying you know what whether New Mexico or Ohio or Pennsylvania or any other state? Let's make a change this year. Let's not say anything on the night of the third have independent people watching but let's release numbers on the six seventh when we really know who's going to win to avoid it looking like Biden trump wins the state and it turns out to be the other guy I would say that conversation it's a conversation that you've had one. Re Conversation as a group of near the secretaries forty yourself us that run elections in our states I don't see a tremendous amount of appetite. You know as we're talking now sixtyish days before the election but you're continuing to meet on a weekly basis and talk and discuss potentially we could get there but I really don't envision a scenario or every chief election official in the country is going to be willing to kind of launch from results. Until we're done with the election, we get a ton of pressure and not to mention if we. Have resolved were holding back. We could potentially get public records requests for those right I'm thinking of just any precinct right out the first ballot and then they count the fiftieth and the five hundred and the five thousand the precincts don't release until they're done. Right? They say you know what we've counted half of them. Here's the number couldn't the same thing be true at the state level? Yes. Now because you're exact point, you're exactly right but then they go and in my seat post results on the door on election night and there's A seat statute that requires that we're not gonNA convenient state legislature again before election. Day So if we tell them not to do that, then we'll violating steel and if they do do that, it'll defeat the whole purpose of trying to hold those election results back. So I think instead of trying to do something really unprecedented and different and withholding election results possibly the direction to be going in is talking about how this actually works and just really urging folks to remember that whatever they read on election night is unofficial on it's not complete. Speaking of what's going to happen election kind of processes procedures assume stop president, trump's comments yesterday, which he seemed to suggest in North Carolina people should request absentee ballots and then go to the polls also effectively vote twice leaving aside the fact that that's a felony in North Carolina New Mexico or other states he talk to me a little bit about the guardrails in other words if I'm in New Mexico and I request an absentee ballot and send it to me if I show up at my physical polling location on the third, can I still vote again or is there a little check mark or something saying he already voted he got a ballot Is going to have a system in place and sometimes it may be a blunt instrument where once you've been issued an absentee ballot. That's kind of you show up on election day in show that you voted and whether you have or not your only option that point beata voted provisional ballot and it will get sorted out after the back as to whether you did actually vote we have a universal system where once you've been issued a ballot, it reflects that in the system however, we can also tell whether that ballot has come back to the election official. If it's already been counted, you'll boat originally if it haven't, you'll get to vote regular Bala who The other one and that one will get counted. So pretty much. Every state has system like Adam place for exactly this reason and I will tell you that in almost every actual voter fraud, she said ever dealt with whether as a local election official or as a state election officials, there have.

president official New Mexico Bridge Bank trump North Carolina Biden National Association of Secret Maggie Dan primack America Oliver New Mexico National Association of Secret Secretary Oliver HBO
"better place bridge bank" Discussed on Pro Rata

Pro Rata

08:12 min | 8 months ago

"better place bridge bank" Discussed on Pro Rata

"Hi I'm Dan per Mac, and welcome to axios recap presented by bridge. Bank be safe venture wisely. Today's Wednesday September second. The Dow is up job growth is down in we're focused on the first legitimate rival to Amazon prime. Amazon and Walmart have spent the past decade plus locked in a battle for US retail supremacy with Amazon largely viewed as the online champ and Walmart as the brick and mortar master. But the first part of that might be about to change as Walmart yesterday announced September fifteenth, launch date for what it's calling. Walmart plus a service designed to compete head-to-head with Amazon prime. Amazon Prime Walmart plus is a subscription service that lets users get fast no fee deliveries on a large selection of products. It also includes some gas discounts and the ability to skip checkout lines inside of physical Walmart's. It's also twenty one dollars per year cheaper than Amazon prime but doesn't have any of these streaming media offerings or exclusive daily deals at least not yet. The big question. Now, Walmart is if it nailed the timing since timing is everything when it comes to big product launches one argument and Walmart's favor is that Amazon's reputation has taken something of a beating during the pandemic in part due to delayed deliveries according to separate surveys conducted by fortune and recode. An argument against Walmart though is it might experience some of those same delivery delays and more broadly speaking tens of millions of Americans are currently unemployed, thus less able to spend money on extraneous consumer goods. Either Way Walmart Views Walmart plus as one of its most meaningful initiatives in years and is sure to spark some sort of from Amazon may be pricing maybe perks maybe both as for other retailers, they're just caught in the middle as two of America's ten most valuable companies continue to clash in fifteen seconds will go deeper with Jonny whiteside Walmart's chief customer officer and lead for Walmart plus but I this. Bridge Bank knows the INS and outs of business downs and remains dedicated to providing financial solutions to the risk takers. The Game Changers disrupters those committed to leveraging innovation to make the world. A better place. Bridge Bank is a division of Western Alliance Bank ridgeback be bold venture wisely. We're joined now by Walmart customer, officer Janey whiteside. So Jenny, why Launch Walmart plus now as opposed to I know this would predate your time with the company but say five years ago ten years ago. So I can't speak to five ten years ago. But what I can tell you about what's going on now is that you know we've been talking about this certainly during the time that I've been a woman as we think about, how do we understand more about what customers need and want how has that evolved and how do we think about delivering for them in the spirit of what we've always done, which is delivering in everyday low cost and and providing value to our customers, and so as we've been understanding more and more about what? Our customers running one we hit two things from them really loudly they've always wanted value. They've always wanted to be able to save money managed their pocketbook, and that is as important now as it was before and during the pandemic is important but they also are increasingly valuing time and convenience and I don't know anybody who says they look forward in there to going to do that grocery shopping, right? Oh, going out to those things people on his time back to do the things that they love and so what we're really doing is looking at. How can we continue to liberal the value that we've always done in fact more I would say with this and at the same time give people time back through the convenience being able to get that groceries and access to the superstar delivered right from the start to that'll do you view this as the beginning or maybe not the beginning part of Walmart not just evolving from a retailer into say a quasi tech company but ultimately into a logistics company, which certain extent is what Amazon's becoming as well. Yes. To some degree however I would say. In what we want to be is a customer centered company, and so you know I think you need to have a robust and well class logistics capability in order to be able to. So what the customer wants a needs right now. So if we are in, if we think about the requirement to be customer centered, that's GONNA require us to be Super Agile. That's GONNA require us to be omnipresent Omni's centered on digital. We've got up the physical part of that you know always have set for us. That's leading into the digital part of Nevada. It's really centered around what we know the customer wants and what I like to say we talk about intense as what we think makes us different in the delivery customers that we are. We always will be human centered in tech enabled that the different from a company that is entirely focused on tech. We'll use that technology to empower accustomed to empower communities to empower associates and deliver a different sort of experience with customer at the center. Early in the pandemic lots of generically ECOMMERCE businesses, there were delivery delays Amazon prime even couldn't get its next day or today in a lot of cases when you look at kind of the way both on the supply chain and also in terms of delivery, do think when you launch the September fifteenth is the industry past those delays. I think it depends right I mean I think we're past the delays that we saw one of the things we talked about this a lot. One of the things you start at the beginning pandemic that was almost during the day but definite sort of between days. A week we saw demand change, right. So people wanted toilet paper and cleaning products, and then they wanted in a stay at home goods and then they wanted material things to master nail clippers the personal grief. And that became hard for people live. What sets US apart was that we had not just the economist inventory but the store inventory writing. So we were able to think about how we bring that together. What I think is interesting about Walmart plus specifically is that you know this is really grounded on delivery from the store table and you know we have an economist business it's continuing to grow we will. Continue to have that ECOMMERCE business. But really this is about how do we allow people to access the hundred and fifty ish thousand most highly curated items which by definition and the things that people by the most and deliver those as soon as two hours? What's the radius in other words? How close to my home does a Walmart physical store need to be in order for Walmart plus to work for me So in general, it is ten miles on that covers over sixty five percent of the American population we are looking at the the radius so far but as I said that covers sixty five percent of the overall population in the US. One of the things that's been talked about a bit and maybe it's because you guys put plus in the name which reminds some folks with Disney plus is they're going to be a streaming media piece of this and if so when. So I'm not gonNA come on on what else will come as product will not plus. But what I have said is that I think one of the tenants of any great membership program is that it's not static membership programs all evolve and grow over time, and so you can expect that we will evolve and grow Walmart plus and you can and should expect that we will look to do that on two fronts. One is to deliver against what we know of the customers needs and once and how we can deliver against those and on the. Other. Hand how do we think that we can uniquely use our scale and our assets to be able to deliver on that and so those will be the ways that we look at adding onto about plus there have been stories that lots of Walmart Customers Walmart physical customers also happened to be Amazon prime members. Is it your goal to convert those people and do you think it's reasonable that anybody's going to.

Walmart Amazon Jonny whiteside Walmart Bridge Bank US Mac chief customer officer Disney Omni Janey whiteside Western Alliance Bank Nevada Jenny officer America
"better place bridge bank" Discussed on Pro Rata

Pro Rata

02:20 min | 8 months ago

"better place bridge bank" Discussed on Pro Rata

"To providing financial solutions to the risk-takers the game changers and the disrupters those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor back emerging technology and growth companies for nearly two decades through its national network of banking teams and offices bridge. Bank is a division of Western Alliance Bank Bridge Bank be safe venture wisely. Welcome back we'RE WATCHING HIS NEW YORK. The nation's largest school district where it seems a threatened teacher strike has been averted for students who choose blended or hybrid learning under terms of an agreement announced today the start to the school year for those students will be delayed from September tenth to September, twenty first and both students and staff. Now, we'll be part of mandatory monthly testing for covid nineteen. What we're also watching is how GIG economy companies plan to deal with a possible Biden presidency given the former veep and his running mate Khama Harris both support a California law that would categorize Gig economy workers as employees not independent contractors. It's a question I asked. Jordache CEO. Tony. Shoe for axios on HBO in an interview that first aired last night. While we believe is that you know what workers want is a non partisan issue. It's a fundamental right to be able to work whenever you want wherever.

Better Place Bridge Bank Western Alliance Bank Bridge B HBO Biden Khama Harris Jordache YORK CEO California
"better place bridge bank" Discussed on Pro Rata

Pro Rata

08:20 min | 11 months ago

"better place bridge bank" Discussed on Pro Rata

"Knows the INS and outs of business ups and downs, and remains dedicated to providing financial solutions to the risk takers, the game changers and the disrupters, those committed to leveraging innovation to make the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor back emerging technology and growth companies for nearly two decades, national network of banking teams and offices Bridge Bank is a division of Western alliance. Bank bridge back be safe venture, wisely. We're joined now by Stuart. Baker Washington DC Attorney with steptoe and Johnson and a former assistant secretary for policy at the Department of Homeland Security under President George W. Bush, so. Let's talk here at this point in time. What do you see are the most salient criticisms of section two thirty? There are a lot of criticisms about the immunity. I think the principal objections section to thirty is a sweeping immunity that was adopted thirty years ago when online media were tiny, and had no real power, and were at risk of being wiped out by one good judgment for slander or libel, and the immunity was put in place to make sure that didn't happen today. These are some of the richest corporations in the world, and they are exercising increasing power over what we can say, and we've become a little uneasy about that power, and that has led us to say how. How big immunity do they really need? And is it serving the broader of the interest? You talked in recent piece about how you know. These are companies that can have in some cases you know. Tens of thousands of content moderators that said they also have billions of users and hundreds of millions, if not more of that posts per day, and this is partially logical question I guess, but how reasonable is it from your perspective that these platforms truly can monitor everything that's on there so that if I liable you under you or threaten violence against you say in a tweet or a facebook post that they can quickly actually find that when there are so many other posts going on simultaneously. Possibility even if they could find it, they wouldn't know whether it was true. which is a defense or faults and I would never suggest that they ought to be liable for liable. That appears on their site, the more interesting thing, and actually what the executive order focuses on is whether they should be regulated in what they allow people to put up, but whether they should be held to a higher standard in what they take down, and they're what the executive order essentially says is at a minimum, the auto enforce their own rules in an even-handed. Stewart isn't the same problem. Though in the following sense, so say there's a high profile user. Obviously, the most high-profile twitter's is president trump, but if there's a high profile user that does something that violates the content policies whether that be about violence, whether that'd be about public safety, or whatever, and that gets either taken down. Fact checked somebody with twenty followers less high-profile. How does twitter facebook necessarily find them thus establishing double standard, but as you said, how do they find all of those? We'll throw at us. In many cases, they find these things because of they get complaints by and large. That's how that happens, and so it's up perfectly fair response on the part. Part of the platforms to say Oh. Yeah you found this tweet? That wasn't taken down, but nobody complained about it so now that somebody has complained about it, we can review it. That's not an unreasonable approach may also be reasonable for them to say. We have certain kinds of patterns that we look for, and if we see the pattern, then we review the Ulster the tweet. We're not saying they should find everything in treat everybody the way they treat the president, but if they're going to impose these standards, they ought to show that they impose the same standards on everyone. You talked about back in Nineteen ninety-six. The example was in your piece was AOL obviously. Obviously. These relatively small companies at the time didn't have the resources. How do you view the idea of reforming or mending section? Two thirty today in two thousand and twenty and the impact that could have on the next facebook or the next twitter, a startup today does not have many financial resources, but could be facing the same potential liability issues were the rule to be changed. If you are smaller, you have a little bit more control over how you actually administer the company remember I'm not trying to suggest that we ought to impose liability for things that go up in most cases, it's more a question of what's taken down. The section to thirty immunity has been. been used to say, we take down competitors tweets because we don't like having competition. That's not a good reason, and you shouldn't be immune from anti competitive behaviour. Just to be clear. There's no allegations of twitter's been for example down tweets that are supportive of facebook or read it or something like that. There is litigation in which the company that was accused of taking down competitors materials raise to thirty S, defense and one I'm curious your thoughts on what did happen last week with President Trump in twitter from your perspective. Is that something that has legs? Obviously News events have overtaken that. What do you see comes next? What's the next piece of this after the? There could be action at the FCC and maybe more likely at the FTC although neither of them is enthusiastic about it, but I think that the last part of the order in which the Justice Department has asked to draft legislation is the most likely next event. The Justice Department is going to suggest legislation to end Congress is going to give it some consideration. Until very recently, both parties were very skeptical of where we are section to thirty, and so we may yet see some reforms, so you do see this potentially being bipartisan reform here. The thing gets wrapped up in politics and partisan politics, but you think there is some common ground here between the parties. Joe Biden said I want to revoke section two thirty and I do think everybody has to be just a little uneasy at the ideas that mark Zuckerberg. Just depending on what side of the bed he gets out of could decide. WHO THE NEXT PRESIDENT! Howie enforces the rules of what you can and can't say on facebook. We need to figure out how to make sure that we remain a democracy in which all voices count and right now I fear were trending away from that Stewart Baker who you can find on twitter at Stewart Baker. Thank you very much for joining us. Thanks, Dad, my final two right after this bridge bank helps breakthrough ideas. Ideas actually breakthrough and remains dedicated to providing financial solutions to the risk-takers, the game changers and the disrupters, those committed to making the world. A Better Place Bridge Bank has been dedicated to providing financial solutions to sponsor back emerging technology and growth companies for nearly two decades through its national network of banking. Teams Offices Bridge. Bank is a division of Western Lines Bank Bridge Back Be. Safe Venture wisely. Now, it's time for my final two, and first of his tear gas, which yesterday was used on peaceful protesters in front of the White House so that trump could walk across the street for a photo op at a riot damage church, as we reported this morning in the pro rata newsletter, two of the largest producers of tear-gas are owned by private equity firms. One Pennsylvania Company called combined systems is backed by a firm called point lookout capital partners. Partners while the other. A Florida company called Safari. Land is owned by Palm Beach Capital in neither case did the firms want to discuss their investments with me? which is notable because private equity firms typically love to talk about their portfolio companies with reporters now to be clear, we don't know which companies canisters were used yesterday in Lafayette Square. Park, but we do know that tear. Gas Sits in a bizarre legal grey zone illegal to use in. In war, but okay to us by domestic law enforcement, and in a bit of positive news drugmaker Eli Lilly and a startup called Ab Celera are working on what might be the first antibody drug to treat covid nineteen. Yes, a new treatment, not a repurpose, one or a vaccine, and there are two other antibody efforts by other drugmakers expected to get underway shortly. White matters that antibody drugs can be easier and faster to develop than our vaccines for. For example, they don't have to be applied to the entire population just to those who are sick to the safety, requirements can be lighter now. It is certainly unclear if the lily accelerate drug will work, but any good news right now seems to be good news worth sharing and we're done big. Thanks for listening. It's my producers Tim show. Ami Shaven, had a great national Rotisserie Chicken Day, and we'll be back tomorrow with another pro rata podcast..

twitter facebook President Trump Better Place Bridge Bank Bridge Bank Stewart Baker Bank bridge president President George W. Bush Western Lines Bank Bridge Western alliance Department of Homeland Securit Washington Stuart executive assistant secretary Offices Bridge Justice Department Eli Lilly principal
"better place bridge bank" Discussed on Pro Rata

Pro Rata

11:54 min | 11 months ago

"better place bridge bank" Discussed on Pro Rata

"Show private equity goes to court in the year's biggest retail bankruptcy. But I the sorry state of small business so this morning we learned that nearly three million Americans filing for unemployment last week which brings the total staggering great depression level. Thirty six and a half million people but the reality is that those numbers are probably even worse because they often fail to include the tens of millions of small businesses without any employees sole proprietorships or small family shops overall around half of us. Small business only had an average of fifteen days of cash buffer before the pandemic just two weeks. That's to research from the J. P. Morgan Chase Institute which has access to transaction and account some data for over one million small businesses. The institute also found that the average cash buffer was even lower in majority black majority Hispanic communities and those communities. Those are the same ones where we have learned that small businesses often had a tougher time getting federal bailout loans in the first phase of the paycheck protection program and again just to reiterate that buffer that fifteen days. That's before the pandemic when things were running as usual if small businesses today are still paying rent and utilities and employees or just one of those things. It's hard to imagine that they're checking accounts right now. Have anything more than dust in them. Bottom line things are probably even worse than they seem and they seem pretty bad in twenty seconds. Go deeper with Chris. Wheat Director Business Research for the J. P. Morgan Chase Institute but I this Bridge Bank knows the INS and outs of business ups and downs and remains dedicated to providing financial solutions. To the risk. Takers the game. Changers disrupters those committed to leveraging innovation to make the world a better place bridge bank has been dedicated to providing financial solutions to sponsor backed emerging technology and growth companies for nearly two decades through its national network of banking teams and offices Bridge Bank is a division of Western Lions Bank Bridge Back. Be Safe Venture wisely. We're joined now by Chris. Wheat Director Business Research for the J. P. Morgan Chase Institute so Chris. Let's start here a little bit. Pre pandemic before March generally speaking. How healthy was America's small business community the located super vibrant? And we see so many new things coming out of the community and it provides employment for nobody half of the American economy. But it's really important understand a while. It does all those things for the economy. It is certain quite frazzle. Lots of small businesses work on really really thin cash the quantity margins. They face uncertain castles all the time. So it takes a lot of work to make this running grow and can provide Even before any of these things happen over the past couple of months it was pretty treacherous for less Talk to me about that kind of that low cash buffer. You guys came out with report right. Said the typical use small business pre pandemic only had fifteen days of cash buffer. Is that right just fifteen days? That's right when we look on a day-to-day basis. Add typically what goes out of a small businesses checking account operating account with the bank. And you take that dollar amount in comparison to what they typically have on hand you get a number that is around two weeks depending on Were to think what would happen if literally money. Stop coming in the door or something. We used to treat as kind of a list as use this as a way of thinking about what we see in what others are more recently. Seen as well as really. That's often somewhere around two weeks. Does that make sense because obviously as you say? We historically never thought the idea that all restaurants would be closed are all hotels or other. Small businesses would be closed. I was never really in our thinking as a possibility. Obviously you would rather have three weeks two weeks four weeks than three etc etc but from a general health perspective is two weeks reasonable or was that kind of a warning sign in itself. I've thought about that as a warning because as showing you never really know what's GonNa happen in in some sense like you WanNa like keep a huge amount of cash in the business that means you're not applying it against building assets or growing the business in other ways and I think particularly if the economy was growing over the last six years. That was one way to look at this as well. They're just managing the cash superficially now I always thought that that was hard to imagine a small business owner. You gotta run Your Business being that attentive responsive always a little unlikely to me and it also is a little bit sin. When something goes wrong you can cut expenses are you can start spending less. You can drag it out for longer than days. Maybe but it's not a whole lot just to dig into the numbers a little bit more interesting discrepancies. And was I. Don't completely understand why they exist. So for example you guys found that the average businesses in certain cities like Seattle and San Francisco. They had more call them cash buffer days than say did businesses in Atlanta and Orlando. Why certain cities more than others which seems to go across type of business? It is an interesting question and in some of that might have to do with things like how much of a service industry to have restaurants and retail. We tendency the cash proper dates being lower instead of more like a high tech services or manufacturing main factor being a bit higher honestly like most cities like still have a lot of restaurants dry cleaners. The typical small business isn't driven so much particularly by the High Tech Sector. Expect to see to push the number two on at least a little bit. What would As much as you see those differences like across cities within cities that much much bigger differences like neighborhood neighborhood is racy huge going for maybe five. Six seven cats raised more like twenty thirty days in some neighborhoods. Is that based on type of business within those neighborhoods is based on demographics. Either economic racial within the city. When you say neighborhood to neighborhood what do you explain causing those discrepancies? It's call away when we try to say what's kind of going along with this anyway. It definitely had to with things. Like what is the racial composition of the neighborhood home values when thinking about what is underlying financial position of the business owners Extend that you as a business owner have more money to put a little more in their very strong. Corlett was the typical code share people who have college degrees all of those things that sit right between kind of what you might think about as a caretaker household antics of the small business because so many of these tightly bound up in their households. Dawson's really drive at number on a lot much more than differences that we saw between sitting when we talk about this average fifteen day cash. That's based on where we were in January where we're in February kind of normal business operations. Obviously that's not where we are today. Do you guys have any sense? You hear this talked about all. Is My local restaurant. Barbershop or whatever going to reopen. Once it's allowed to or is it just GonNa shut for good. Do you guys have a sense? Of How many businesses you expect. Or what percentage of your small businesses. You expect to actually return when they are allowed to return is a great question is. I'm looking at my other screen here. It's it's definitely what we're working on right now. We start to have access to the more recent data to really try to answer that question. We did look in it's comparable but even increasingly Is Not the same? After Harvey and Irma. We did take a look to see for the relatively short term disruption. What happened and yeah? We saw cash balances drop Than that was like a in terms of how long could you not run a business particularly in Miami where the storm didn't actually have? As much of a physical impact visited in Houston Utah Our E saw businesses pullback on their expenses when the revenues dropped they weren't able to pull back on their expenses much revenue drop but we did see a dip in the cash balances that came back within a week. Because some sense the disruption was like doors had to be closed because no one could go out because storm frigging few days and then ear. It's just like a whole different world of long term exposure and so I think really question again by prior is that we're going to see that. Go down stay down from longer. Certainly in terms of the revenue was businesses close. We don't have date on the but it's definitely one of the things we're really look into. Since the data you guys are getting correct me if I'm wrong mostly coming from the million or so small businesses you guys have. The chase has as small business banking accounts not asking you to talk about the Policy Peop- view but I'm curious. Have you seen anything interesting? In terms of the inflows into those accounts obviously lots and lots millions of small businesses across the country. Have Gotten P loans. Have you seen anything inside your own data related to that in terms of possible discrepancies between the types of businesses that have and haven't gotten VP? Loans we have gotten to debut at Best informed speak on exactly Policy other than say one of the things that we often try to help. People Remember Again we're not being willing to say this is thirty million small businesses in the US paying out maybe took up on the twenty million rule out some that maybe aren't really operating businesses like that's what the number you would get from. The census as most of those are either non employers or micro players. And sometimes I think people have the wrong idea about what we mean. Somebody sort of halftime consulting out of the house in the issue of some of it is that but you go into a small dry cleaners. Something like that. It's not serious. That might dry cleaner. I see my dry cleaning. Go there I don't see any other envoys in their storefront main street businesses. That are like a family business with no four-month lawyers we want. If that's how you're setting up a program that is really structured around hair protection which is super important. We also WANNA think about Boys and fewer for small business. You might not have the kind of or You'RE BUSINESS. It was more about protecting payrolls than necessarily saving small business which was kind of some of the rhetoric around it totally important. We really at the time quickly needed to figure out like A. What are we GONNA do to make sure that everybody has some kind of protection but if you're a small business owner and you're sort of didn't have a whole lot of employees remote is up there some provisions therefore to to be clear but it is a different kind of program you might put in place to also support business distinct from its employees. Chris. We director of business research with J. P. Morgan Chase Institute which apparently internally you guys just called the institute which is way cooler. Thank you for joining us. Thank you my final two right after this bridge bank helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions. To the risk takers. The Game Changers disrupters. Those committed to making the world a Better Place Bridge. Bank has been dedicated to providing financial solutions to sponsor back emerging technology and growth companies for nearly two decades through its national network of banking teams offices bridge. Bank is a division of Western Lions Bank. Bridge back be safe venture wisely now. It's time for my final two and first of his Delaware. No this isn't about Joe Biden. It's about a court hearing today that will determine whether or not private firm the Carlyle Group is allowed to walk away from a nine hundred million dollar investment in a big corporate travel agency. Quiet matters is that this case determine the fates of dozens of other big corporate mergers and investments that were signed before the pandemic but which are still pending now. Both sides agree that the business in question has been severely damaged. What they disagree on. The Remedy Carlisle believes that something called a material adverse effect for m. e. has been triggered. And that would let it walk away Scot free. The target company American Express Global Business Travel. Well they disagree and they ease in. General include all sorts of protections for carve outs for sellers and pandemics often explicitly one of them. But not so in this case instead this deal relies on national or international political or social conditions now if a judge decides that pandemic counts under that. Then Carl's gotTa do the deal and likely so with lots of other buyers. But if the judge says the word quote pandemic had to be in there then expect lots and lots of more broken transactions and finally multiple reports the JC. Penney could file for chapter eleven bankruptcy. As early as tomorrow morning it would be the month third major retail bankruptcy following J. Crew Neiman. Marcus but by far the largest as JCP has nearly eight hundred fifty North American stores that employed ninety thousand people one thing all three companies do have in common though they were in trouble prior to the pandemic so much easier to push over the edge. And we're done big. Thanks for listening. It's right producers. Tim Servers Naomi Shaven. Have a great national dance like a chicken day. And we'll be back on Monday with another pro rata podcast..

business owner J. P. Morgan Chase Institute Bridge Bank Chris Wheat Director Business Resear Western Lions Bank Bridge Back director of business US America American Express Delaware Better Place Bridge Seattle Atlanta Western Lions Bank Joe Biden High Tech Sector
"better place bridge bank" Discussed on Pro Rata

Pro Rata

07:55 min | 1 year ago

"better place bridge bank" Discussed on Pro Rata

"Gotten a beginning middle and end whereas you don't necessarily have time to say watch a thirty minute or sixty minute show from your perspective as Katzenberg. Right is the covert pan-demic largely to blame for their failure to catch on. I think he has no choice. The only way he can salvage this to investors by the way he's taken on one point. Eight billion dollars of investment is to blame it on the pandemic but is he right to blame it on the pandemic. Absolutely not okay. We know that there are fundamental failures of this product beyond the pandemic. But I think for a lot of people who are looking at what he said and saying. This is ridiculous. I understand why he said it. You're not gonNA come out and say we have fundamental flaws in our product. That's why it's not working even though we do kind of no. I mean he did admit that the daily essentials which is about a third of the programming that's offered on Qube aren't that essential people aren't even consuming them. That's not a quick. He pandemic problem. That's a query problem. Also know that there have been quite frankly. Some problems with marketing. They ran this expensive and flashy super bowl ad. Nobody knew what the ad was even four so I think that he's wrong to blame it on the pandemic although obviously understand why he's doing it. I mean you borrow so much money. Your products a complete failure. Of course you're going to blame it. On the pandemic united had a conversation not on the show but just maybe the two of US went. Qube was getting four maybe even last year and we discussed how it seems that for most streaming services. They need to end up getting basically a hit show a water cooler show even though I know we don't have water coolers anymore but water cooler show. You think of House of cards for Netflix. You think of handmaid's tale for Hulu. Is that a piece of this? The QUBE has not created one of those programs that you and I and all of our friends and family are talking about in making us. Download the APP. Yes and it's interesting. They launched with a lot of celebrities to be able to tap into that sort of Zeiss. Chrissy Teigen has Christie's court. Jennifer Lopez has a philanthropy. Show chance the rapper is bringing back punked from MTV address. Elba is involved. They got celebrities on board. And they got big Hollywood producers on board so that they could create that Zeitgeist but to your point. No one is talking about any of those shows. I think the one maybe that has gotten some cultural phenomenon. Would-be Christie's Court with Christy Teagan. But other than that. They don't have anything and so. I think the problem there is not so much issue but to your point. Qube definitely has a programming problem. It's an interesting thing because if you think of those shows that I mentioned are you think about say. Game of thrones for. Hbo Or Sopranos for Hbo Going Way Back. None of those had very big name celebrities at least not at the time when those shows wash it was the storytelling that was the thing that got people on those. Yeah and it's tough to do. Good storytelling in ten minutes. I talk to people about this with snapchat. Snapchat has a similar problem. They have this discovery channel. And there's a few key hits but it's really hard to develop. Strong story ARCS when you only have two to five ten minutes to do so and so I think what quip is going to have to start to think about is if the technology the turnstile technology where you could flip your phone. From portrait to horizontal doesn't save their storytelling. What will be it? And in an era where production is halted. They're going to have to really really think about strategy moving forward and of course that technology. There's a lawsuit right now. The Elliott Management. Who's a huge hedge? Fund is financing that basically argues. They stole that technology which qube disputes right. So going forward here outside of come up with a better show. What can we do and doesn't have the money to do? Raised one point seven five billion before but it's spent a lot of that on production and marketing. Well there's a couple of things first and foremost they end a really shallow library. Only fifty shows right now. They said they wanted to have one seventy five by the time they launched. What quimby has said is look? We're willing to abandon this idea of turnstile temporarily. They've said that they'll put some of their shows on television. What I would do if I were then is think about quality programming that they can license or that they can buy in the short term so that their libraries a little bit fuller and they might not be able to apply the turnstile technology to it but if consumers are saying to them. We don't care about that. We just WANNA watch content. Then throw the turnstile out the window throw mobile out the window and start to become a regular distributor the same way the other streaming companies are. That's one option. Moving forward. The other option moving forward quite frankly is hit. Sort of a pause button. They said they're going to reduce marketing. Spend dramatically they had originally intended to spend four hundred and fifty million dollars this year on marketing of one hundred seventy five shows by year's end. Well if you're not GONNA have one hundred seventy five shows. Why the heck are you going to spend four hundred and fifty million dollars marketing them so the other thing that they can really do? Your is just get leaner and that's something that Jeffrey Katzenberg by the way admitted that they were going to start to think about doing in that New York Times interview. This issue of launching into the pandemic again. They launched after the lockdown orders and there was a lot of people who looked and said wire you doing that given the way you have pitched yourself from your perspective was that Hubris or was that because the way the financing was. They had no choice. I think it was Hubris. I remember being on a press call on April first about launching the following week on April. Sixth and on that press call. I'm sitting in a car winning to get takeout Burger in southern Virginia. And I'm thinking to myself. How the heck are they going to seriously be able to create programming? Are they going to be able to get people to pay for something when budgets are so tight? If I'm thinking that as a person and April I I cannot imagine why they wouldn't say hey. You know what? Let's delay the launch. Maybe even just a few months or so until we can see how this pandemic is going to ride out. Power the Burger Delicious Sarah Fisher. Who writes the AXIOS media trends newsletter? Which you can get it. Signed UP DOT AXIOS DOT COM. Thanks for joining. Thanks Dan my final two right after this bridge. Bank helps breakthrough actually breakthrough and remains dedicated to providing financial solutions. To the risk. Takers the game changers. And the disrupters those committed to making the world a better place bridge bank has been dedicated to providing financial solutions to sponsor back emerging technology and growth companies for nearly two decades through its national network of banking teams and offices. Bridge Bank is a division of Western Lions Bank Bridge Back. Be Safe Venture wisely. That was never my final two and I up. His buber is in talks to choir grub in a deal that could be worth. Nearly six billion dollars. Wide Matters is that this deal would point out the crazy contradictions of restaurant delivery. On the one hand it has never been more popular given the pandemic lockdowns but at the same time losses continued to pile up all the major players. Who Eats Grub Jordache and post meets? It's that old. Make it up with volume joke. Come to life those losses. Though are the reason that uber desperate to take out one of its rivals in. What would be the industry's first major? Consolidation SEAMLESS GRUB UP merged in two thousand thirteen but if successful expect a big antitrust battle particularly given the UBER has not made too many friends in Washington. Dc over the last few years and finally Tesla our Monday show was about. How Tesla Motors had sued? California's Alameda. County over local officials is refusal to let Tesla reopen its Fremont manufacturing facility after we aired Elon. Musk apparently decided. The legal process was too slow and cumbersome tweeting that he was opening the factory immediately and the he'd be on the assembly line. If anyone wants to come arrest him. They didn't and the factory opened late last night. Alameda County also took to twitter saying that had met with Tesla Reps and will permit a reopening. If certain safety conditions are met but again the factory is already open so this is really about local officials saving face as they tacitly. Billionaire is more powerful than they are. And we're done big. Thanks for listening to my producers. Tim Show Vami. Shaven have a great national Croutons Day. And we'll be back tomorrow with another pro rata podcast..

Qube Jeffrey Katzenberg Tesla Motors Hbo Snapchat US Jennifer Lopez Netflix Elliott Management Christie MTV Chrissy Teigen Alameda County Western Lions Bank Bridge Back Tim Show Vami Alameda California Sarah Fisher Elba
"better place bridge bank" Discussed on Pro Rata

Pro Rata

10:16 min | 1 year ago

"better place bridge bank" Discussed on Pro Rata

"Where we take to penman smarter on the Clinton Tech Business Politics presented by Bridge Bank be safe venture wisely. I'm Debra mark a today. Show congressional Democrats prepare to unveil the next stimulus and how Americans are the next hurdle to reopening America the first dark clouds for weather forecasting. So here's something I didn't know and I think most season travelers don't know lot of the commercial airlines. We fly on are carrying sensors to collect data on the air around them not for the pilots but for meteorologists both those folks who are forecasting three and five days out but also those looking at major weather events like hurricanes as the Washington Post deputy editor Andrew Friedman recently explained it quote commercial. Flights are the equivalent of thousands of extra weather balloons. Providing crucial data on air pressure temperature wind speed and direction and in some cases humidity where the information is scarce. Why it matters right now though. The commercial flights are down more than fifty percent due to the corona virus pandemic. That's flights not people on flights with one trade group reporting that more than six thousand planes are currently off line. Less planes equals less data that may be contributing to less accurate forecasts for example there were predictions of major rainfall in southern Florida last weekend but in the end Miami just saw a quarter of an inch. The questions now are if the loss data can be replaced. What other data collection tools the pandemic cost us? And how all of this could impact the coming hurricane season we will dig deeper into all of that and fifteen seconds with the Washington Post Andrew Friedman but I. This Bridge Bank knows the INS and outs of business ups and downs and remains dedicated to providing financial solutions. To the risk. Takers the game. Changers disrupters those committed to leveraging innovation to make the world a better place bridge bank has been dedicated to providing financial solutions to sponsor back emerging technology and growth companies for nearly two decades through its national network of banking teams and Offices Bridge Bank is a division of Western Lions Bank Bridge Back. Be Safe Venture wisely. We're joined now by Andrew. Friedman deputy weather editor at The Washington Post so Andrew. Let's start here. These sensors that are sitting off and on Commercial Airliners. How important are they to overall meteorology? How big is the tool compared to all the other tools? That meteorologists have so. It's not the most important one most important. One is really the satellite data. So that's about eighty five percent of the data that goes into computer models is derived from satellites. But this is probably the second most important source. So it's not insignificant past experiments where they deprived computer models including the European model which is widely regarded as a top model in the world when they deprived that model forecast accuracy in certain parts of the atmosphere to greeted by about ten percents which is not exactly something. You'd like to see especially with hurricane season approaching in a couple weeks and tornado season already. Pummels have meteorologists forecasters been able to figure out some sort of replacement for this or even some sort of maybe funding mechanism to get planes in the air or maybe put sensors on other sorts of plane's cargo planes etc that with the commercial flights NOCCO. We're actually a little bit lucky in the United States because the weather service decided to. I'm not sure exactly when this happened. Was obviously not with the foresight pandemic but Fedex. Ups Our partners in the observing program for the weather service so what is happening right now. Is you're seeing overnight. Data come in from all the cargo flights which if not reduced if anything. I think they've picked up frequency. So we're getting that data we're also getting data from a corner of crucify. It's too so happens that a lot of the centers that the weather service is easing are on south. West Airlines seven thirty sevens. Why if somebody the month southwest supposed united or Delta Spirit. I don't actually know the answer to that. I think part of it is that it was simpler to put it on one type of aircrafts and deal with one airlines data down links rather than going to all of them. But you know. Success has a very dense domestic ridge structure and they've been maintaining a little bit higher level of flights compared to united and their flight cuts in American in their flight cuts. Recently you mentioned hurricane season approaching if we have less information if forecaster becoming mildly less accurate as you suggested because of this early in part because of this. What does that mean from Hurricane Season Perspective? Obviously I assume we'll still know when a hurricane is coming or not coming is kind of the data within that wind speeds sort of. What might we not know vis-a-vis hurricane season any data loss with regard to hurricanes is potentially extremely problematic. There's one thing that the weather service does whenever there's a big storm threatening and they do this and winter storms but especially for hurricanes is weather service offices around the country will start. Sending up. Additional weather leans so rather than launching weather balloons twice a day. They'll be launching them at about double that frequency. You have airplanes as like the ultimate weather balloon. Because they're always in a normal situation. They're always been the air there at altitudes that you really want to find out information about and when they descend or go up in altitude. You're getting the data that sort of a profile of the atmosphere sort of bins if it were just a fast moving weather balloon so that type of data being lost in certain regions. Let's say a hurricane off the coast of Florida and it's moving up towards the Carolinas. If you don't have the air traffic in the region of the Carolinas and you don't know what. The winds are at upper levels. There he might not know exactly where it's going the other know. In addition to the kind of storms and day to day forecasting. Something else weather data is used a lot for is in judge. The impact of climate change kind of long-term modeling etc is that at risk to a certain extent is our ability to model. What's coming next from a climate change perspective impaired by these kinds of corona virus pandemic lack of flights in terms of a lack of flight. Speed doesn't play too much of a role in long term projections for climate. But there is a bigger problem there that the World Meteorological Organization which is a UN agency pointed to in their statement the seventh of May. Which was they pointed out the lack of airplane observations being a problem they also pointed to an increasing number of ground stations blinking out. And that's especially the case in developing countries where you have observing stations at required daily tending to so in the US and in Europe. Most of our stations just run automatically in developing countries particularly in Africa. They might rely on somebody going out there and checking your engaged or checking something else a little bit more than some of the stations that we have at airports in the US and those are not functioning as much and for a data sparks region of the world's already that's problematic and if you don't know the observations you might not know the long term trends so it could potentially make an impact on that but otherwise the aviation observations are really a main concern for us three to five day timeframe so if you start at twelve hours from now and go three to five days. That's where the impacts are being seen and where forecasters on twitter and elsewhere are seeing missed calls by the European model or the past and wondering. Hey could this be due to the alias and the loss of flights and the answer is we don't actually have a way to tell five question for you. I live just outside of Boston yesterday. Went outside and got stuck in the hailstorm. Is that going to happen to me again today when I go out probably today now Andrew Friedman of the Washington Post. Thank you much for joining us. Thanks for having me my final two right after this bridge bank helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk-takers the game changers and the disrupters those committed to making the world a better place bridge bank has been dedicated to providing financial solutions to sponsor back emerging technology growth companies for nearly two decades through its national network of banking teams and offices. Bridge Bank is a division of Western Lions Bank Bridge back be safe venture wisely. Now it's time for my final. Two and I was Nancy Pelosi. Who is expected to unveil a massive new stimulus package? This is the house. Democrats is version of the so called phase four plan with the AP reporting it will include new money for state and local governments extended unemployment benefits new direct checks individuals and more funding for virus testing. We don't know the price tag yet but know that the house could vote on it as early as this Friday. Why it matters though is not because this particular bill will become law. It won't the Republican led Senate has already suggested it's a non starter but it does at least formally begin. The phase four conversations as much of the existing cares act. Funding passed at the end of March was only designed to last to an end date. That is fast approaching and finally today. Some worrisome results from the latest AXIOS IPSOS CORONA virus index which finds it only half of Americans would be willing to participate in Voluntary Corona Virus. Contact tracing programs which would operate via their cellphones. The residence of course is understandable given privacy concerns over sensitive medical data let alone just the idea of people in Washington C. and Silicon Valley having our information but this reticence could also create major troubles as the country attempts to reopen testing on its own is obviously vital but then there's the second step of contact tracing whereby public health officials help isolate individuals who come into contact with infected patients. That's the necessary next step. The question now is the president. Trump and tech leaders conjointly convince Americans that the civil liberties trade-offs are worthwhile. And we're done big. Thanks for listening to my producers. Tim Chauffeur's Naomi Shaven have a great national Limerick Day. And we'll be back tomorrow with another pro rata pot guests..

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"better place bridge bank" Discussed on Pro Rata

Pro Rata

10:58 min | 1 year ago

"better place bridge bank" Discussed on Pro Rata

"But that's where we take ten minutes to get smarter of Tech Business Politics Presented by bank to be safe venture wisely. I'm Dan from Mac. Show presidential betting market in why this Thursday matters for pandemic impaired mergers the first Elon. Musk versus California so on Saturday. Tesla Motors filed suit against California's Alameda. County which has been blocking the electric car makers efforts to reopen its manufacturing facility in Fremont the basic back story California Governor Gavin Newsom last Thursday announced that manufacturing could resume in his state so long as certain social distancing safety guidelines were followed but Alameda County has decided to move more cautiously and specifically officials want their stay at home orders to run through the end of. May this raise the ire of Tesla boss? Elon Musk who has spent much of the past. Two months tweeting. About how lockdown orders draconian and who is now threatening to move both future manufacturing for Tesla and Tesla's headquarters out of California why it matters is threefold first tesla is the only automaker left in California so it takes off. There will be none to this. Case could become a high profile precursor to other large battles between businesses and local authorities over public health measures and three musk's threat to leave California entirely could presage. An era in which states compete for businesses based on covert regulations. Kind of like they've historically done on tax incentives and labor law the bottom line. No one likes picking a fight more than Elon. Musk but this is one of the few times. The his efforts could have consequences well beyond his company and his own reputation in twenty seconds. We'll go deeper with tech crunch transportation. Reporter Kirstin coursework but first this bridge bank knows the INS and outs of business and remains dedicated to providing financial solutions. To the risk. Takers the game changers. And the disrupters those committed to leveraging innovation to make the world a better place bridge bank has been dedicated to providing financial solutions to sponsor backed emerging technology and growth companies for nearly two decades through its national network of banking teams and offices bridge. Bank is a division of Western Lines Bank Bridge back be safe. Venture wisely joined by Tech Crunch Skelton Chorus. Let's start here with Elon. Musk's threats not just leave the county but to leave the entire state including headquarters in Palo Alto. How feasible is that in other words this from your perspective a threat. That actually has some teeth behind. Well this is all about public pressure. It is easily will but feasible to what end the company does have operations in Nevada. In New York. The company ended gigafactory in. Nevada is quite large and you could see a scenario where they could support moving it over but the cost in pain to do that would be extreme in also. I think we shouldn't be forgotten. Is that wall? There would be jobs that would occur in Nevada. As a result there would be substantial job losses in California the Public Relations Look. There isn't great. There would also be the retraining costs to some people might decide to move from California to Nevada. It's stayed over but a lot of people wouldn't which means you'd have to train. A brand new manufacturing workforce in Nevada or Texas wherever he wanted to move to correct exactly and this is a manufacturing facility. I don't know if you've ever seen the old new plan which is now the Tesla factory or had a chance to walk through it but you don't simply just pick up a large stamping machinery or all these robotics or assembly lines and then just quickly card them over. You would have to be done in the same time as they're still producing vehicles in Fremont because you don't just disassemble assembly line. You would stop all your production. It just doesn't quite make sense so you said the part about Pr. Let me ask about that from your perspective. What's the ballot? Is it just kind of continuing? What's Kinda been his twitter crusade against lockdowns and this is just him seeming at least to put some of his money whereas now this well. Here's the thing to remember about. I've been writing about Tesla for a decade now. He can seem on hinged on twitter but he absolutely knows what he's doing and he understands the power that he has on twitter so it can seem like as if he's benching or up a little bit too late at night in it's all part of a strategy and the strategy here is to bring as many eyeballs in ears to his specific problem which is wanting to reopen this factory. I understand why. He wants to reopen factory. Any manufacturer would want to reopen their facility right. They need to make their product and Tesla's case he's got back. Orders for cars has tesla from your perspective given a good explanation for how he will not just reopen the factory but how he would do it safely not end up in a situation like we've seen say with meat packing facilities were suddenly you have dozens if not hundreds of tesla workers sick and thus have to close it again plus possibly have death phones so on Saturdays when he threatened a lawsuit filed the lawsuit and then later that night they did issue a blog post in a lengthy thirty seven page. Report is go back to work playbook. I will say that they did go through this in China in that they have applied because they have a factory in Shanghai. They say that they are applying many what they learn in Shanghai. Xu the Fremont factory the part where I do a little bit of a head nod is that they never stopped delivering vehicles in the State of California and a number of my sources who worked for the company said. They didn't feel entirely safe all the time that there was a mix of the die. Hard Tesla employees who were so committed to the mission that they kind of ignored health concerns and social distancing and things like that and then there was a smaller group of people who wanted to have hand sanitizer in one bag masks on hand and none of that happened in or Bro Really. It was very based on reports from my sources vary chaotic in some parts. So if you were to take that you know is the Fremont factory going to be the same sort of situation. You say that in high that to the earlier thing you said about kind of what he does when he tweets strategic. But if you go back to some of his tweets on March sixth he you know he said. The Corona virus panic was dumb. He tweeted out some very questionable outright false understanding of what's happening with the virus and potential treatments. So do those things Mary in other words is the partially chaotic stuff. You've seen with the ongoing deliveries in California tied to the fact that it doesn't really seem again just from his twitter feed that he has taken this pandemic as seriously say public health officials. Have I think it's fair to say that he publicly has not treated it as seriously? I mean that's a completely fair assessment. The question is if he wants to reopen his operations than he might be forced to at least put in place the measures that will allow him to go back to work in the understands that the battery is a little different than delivery hubs spread throughout the state of California with manufacturing. There's also this headquarters in Palo Alto. Which technically isn't in Alameda County? Are People working there right now? Is the headquarters full or is this? He wants to get the manufacturing facility open but his executives are still work from home from what I know. Executives are mostly working from home. But I will say that one thing. That's interesting as well. The Palo Alto offices are technically the headquarters. He's been spending more time shifted a lot more personnel to Fremont in so it almost has become in a way a defacto headquarters. There's just been a lot more effort and her sanal put in that place. For example many of his comes people were oftentimes Fremont so. Hello does miss the office. Workers Engineering is right within the Fremont factory. A lot of it and not all of it and of course their stuff down in La in Hawthorne for it just a timing won a legal one. When should we expect there to be resolution one way or the other of the suit because again Alameda County is said they plan to probably open things up at the end of May which is a few weeks and Yulon suing to get it done earlier? When should we expect to see some sort of resolution from judge injunctive relief so this means that things should move fairly quickly in Alameda? County said that in a week or so they will look at the manufacturing component. So this is all GonNa go down. I would expect within the next few days certainly in one more note. The attorney filed the lawsuit. Is Alex. bureau this is must personal attorney and the attorney that was actually successful in the head case that we all remember from last year in so Alex. Spiro has proven to be pre convincing in successful in the courtroom. So we'll see how he does here of course tech crunch. Thank you so much for joining us. Thank you my final two right after this bridge. Bank helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk-takers at the game changers disrupters those committed to making the world. A Better Place Bridge. Bank has been dedicated to providing financial solutions to sponsor backed emerging technology and growth companies for nearly two decades through its national network of banking teams and offices bridge. Bank is a division of Western Lions Bank Bridge back be safe venture wisely ever my final two and I up his November's presidential election which not too long ago seemed like the Consensus Mega Story of two thousand and twenty most polls right now Joe Biden leading donald trump including enough swing states to shift the balance of White House power but they seem to disagree as actually. This is Dan Ronan reports this morning. Biden is an underdog in casino sports books which actually take bets on the sort of thing now specifically they're paying out around eighty-three bucks per winning on trump versus one hundred and thirty five dollars for winning vets on Biden and realclearpolitics has an average of online betting sites which gives trump around an eight point. Lead what none of the betters. No though is the state of America's economy or of a corona virus vaccine by election day. And in this case that's kind of like not knowing if the game will be played on a seventy degree day with clear skies or in the middle of a frigid blizzard. But finally this Thursday could become a very important day for global mergers and acquisitions many of which have collapsed due to economic uncertainty surrounding the pandemic friend equity firm. The Carlyle Group is seeking to back out of a deal to buy a twenty percent stake in American Express. Global business travel basically arguing that the outbreak has so decimated the hospitality industry that is triggered. Something called an m. a. e. or material adverse effect which is a common clause in merger agreements. The thing is m. e. Clauses are often in the eyes of the beholder and so far there hasn't been a judicial ruling yet on if this pandemic and everything that surrounds it is illegally legitimate trigger but again Thursday. That could change when a judge hears arguments on this case and his ruling could set legal precedent for everyone else with deals in peril. And we're done big. Thanks for listening. It's my producers. Tim Show Naomi. Shaven have a great national twilight zone day. And we'll be back tomorrow with another pro rata podcast..

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