35 Burst results for "Business Travel"

"business travel" Discussed on TIME's Top Stories

TIME's Top Stories

03:54 min | Last month

"business travel" Discussed on TIME's Top Stories

"There's pent up demand for face to face business meetings, conferences, events, networking, people are just starved for that, says Harvey of Southwest business. Southwest is hoping to capture those travelers by attracting companies who want to pay lower fares, but still want to travel, he says. He also argues that since companies have more remote employees now, there's a new class of business travelers who have to fly to headquarters a few times a year. But even people who've spent decades on the road say that the pandemic has made them realize that technology has finally made it feasible to have good communication without traveling. Tina Perkins, who's worked for epic systems, a Madison Wisconsin based electronic medical records company for 20 years says she loved traveling to a new city once or twice a month to help hospitals implement epic software, but she says I've been sort of shocked by how we've been able to adapt. Whereas effective in this hybrid world, which was surprising, having done some things one way for such a long period of time. She says she'll likely travel once every four to 6 weeks going forward rather than once every two to four weeks. Other epic travelers have made the switch, too, employees now take in total about a thousand trips a month down from 3500 before the pandemic. The hotels and airlines that figure out how to make their model work without business travelers are going to be in the best position going forward, says Anthony Jackson, the U.S. airlines subsector leader at Deloitte. During the last recession, airlines expanded their premium economy seats to attract economy travelers who were willing to pay for an upgrade, but not first class, and cost conscious business travelers. Now airlines will likely further expand premium economy in part to give travelers still worried about COVID-19 a way to pay for more elbow room, says Allen Lewis, managing director for LEK consulting. Delta said October 13th, that it actually made a profit in the three months that ended September 30th, and that premium cabin seats drove much of that recovery. Business travel is still less than 50% recovered the company said. Like airlines, hotels are going to have to think up new ways to attract traveler money, says raschke of mourning consult. They might decide to try and lure digital nomads who don't have to pay rent anymore and are traveling around the country as they work. Or they may offer what's called leisure business leisure packages to people who want to work and vacation all in one trip. That may attract travelers like Henrik's who still has to make some work trips, on his last business trip before the pandemic, Henrik attended a weeklong conference of the American banking association in Orlando. Since his in laws live nearby, he used miles to fly his wife and kids down to Orlando, too. They rented an air-b-n-b near the conference and he commuted back and forth via lift. Still, the American banking association is holding the same conference this year in Tampa, but neither Henrik nor his family are attending. There is a silver lining to Henrik's traveling less frequently, though, he says he's spending more locally..

Tina Perkins epic systems Southwest Anthony Jackson Allen Lewis Harvey LEK consulting Madison raschke Wisconsin Deloitte Henrik American banking association Delta U.S. Orlando Tampa
The Creation Story of Bounce With Co-Founder, CEO Cody Candee

Code Story

02:10 min | 2 months ago

The Creation Story of Bounce With Co-Founder, CEO Cody Candee

"Outsourcing network of local businesses all around the world big cities we operate different services inside of these businesses for the main one where the bulk of bounce is all around luggage storage. When you're traveling. Now let's check in check out day. You might have all your things in place to keep them with. Bouncy can open our app or a website and find a place to go and leave your thanks for the day the businesses that we work with make extra revenue off that after traffic and travellers all day of their vacation or business travel or whatever it. Is we see leaving golfer. Events wilson launched another product this year package acceptance rate on top of our existing network. You can send your packages to about slow pitch and help with traveling or if he lives in a city doorman i can't be around. Two receivers earned delivery so yeah sorta long-term and we'll be building bounds to help these small businesses make more money and then on your side we exist to basically keep people from not having to plan their days around there things anymore so luggage storage package. Acceptance tools will add more in the future in two thousand fourteen. I was working in san francisco. Some friends some co workers in the scrap. Some drinks after work. Someone said i'm going to join. But i'm gonna go all the way home. I drop off my bag and being minimalist that i am. You know living by this lawsuit that you're thinks she hold you down. I thought crazy how common it is for people to literally go way out of the way to plan the whole evening around there. Things spend extra money on taxis or the ubers and yeah it's crazy. So how can we solve problem. That night i was far. And i took the back of a menu. And we're just like writing all radios that came to my head including inbound that first day and the big vision is can we build a cloud computing infrastructure for the physical distributed storage everywhere. I mean you go with your thanks to you

Wilson San Francisco
"business travel" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:47 min | 3 months ago

"business travel" Discussed on Newsradio 1200 WOAI

"That means you may be able to snag some deals on flights and hotels. Jacob Passy of Market Watch has some tips for us and joins us Now, Jacob Business Travel seems to be fizzling out to how might that impact the rest of us? Yeah, So a lot of conferences and things are being canceled right now And then I'll have to do with the Delta variants these days earlier this summer airlines and hotels we're really optimistic. Because they saw these events and meeting scheduled for later in the year. Folks wanting to get back to doing things in person once they were vaccinated. But obviously if he's seen, you know cases rising in recently because of the delta variant, a lot of those events and meetings and planned business canceled and you know they Need to fill the deep or fill those rooms in the face of hotels. And so they are extending discount, especially on you know the premium accommodations that are really popular with business travelers. Why is now a good time to go to a bigger city? Bigger cities like New York or Los Angeles? Uh, really popular among business travelers. Just think about you know, all the companies that are headquartered in those cities there usually major hubs for different industries or major transit point, You know, Lots of layovers are done through those cities. So if you're giving a trip to a major city like New York, um you know, especially, you know, if you're flying there, you might be able to find pretty significant discounts on round took place in general between somewhere like Los Angeles, New York, But also, you know, once you get to a meeting city one of the benefits Is that you get to avoid a lot of the other headaches travel right now, namely, You don't have to rent a car period somewhere with really strong public transportation, And given that rental cars are still difficult to come by, in a lot of parts of the country, the safe that can be a major benefit for your travel planning. We're speaking with Jacob Passy of Market Watch. Jacob, Can you give us some examples of perhaps prices on flights? What kind of deals you can get now? Totally so You were able right now to book business class round trip there between U. S and Spain for $1200, and that might seem like a lot. But that's less than half of what it costs before the pins on it. And you can find business class round trip fares to other destinations in Europe, $1800 and these are you know, those really premiums they laid, like, get really, uh, you know, pasta comedies since the great meal, all that Um, but if you're looking to stay closer to home, if you're just planning a trip within the left for maybe to the Caribbean,.

New York Jacob Los Angeles Europe Caribbean $1200 U. S $1800 Delta Spain Jacob Business Travel Jacob Passy Market Watch earlier this summer one delta less than
Texas Lieutenant Governor Knocks Portland as 'Dumpster Fire'

Pat Gray Unleashed

00:52 sec | 3 months ago

Texas Lieutenant Governor Knocks Portland as 'Dumpster Fire'

"Portland. Mayor ted wheeler said. The city council will vote on the measure aimed banning future procurement of goods and services from kansas city. Employees business travel to the state of texas. Wow what have how. Heart wrenching be. I love dan. patrick Within ten governor bent dan patrick's Statement about borland yeah. There are a dumpster fire so this is why we love our so great. He said it's comical that portland mayor ted wheeler is worried about texas when his city defended the police and he had asked citizens to take back the city. Texas is solidly pro-life texans support law enforcement. Meanwhile portland is a dumpster. Fire in texas is thriving.

Mayor Ted Wheeler Patrick Within Portland Dan Patrick Kansas City Texas Borland DAN
"business travel" Discussed on WTVN

WTVN

04:23 min | 6 months ago

"business travel" Discussed on WTVN

"All right, Memorial Day, as we know not just the start of summer. I mean it represents. You know that our men and women who have given the ultimate sacrifice we know that In our military and our armed forces. But you know, just not the unofficial start of summer. It's may be the start of a return to normal. And let's bring him in Alex Stone from ABC News and Hey, brother. Welcome in, and boy, it is a welcome. It was a welcome sight. I'm not gonna lie. You see, you know, the Indianapolis 500. We saw this 135,000 fans there. We know the largest to date since the pandemic started, And then all of the other things to kind of signaling. Maybe just maybe we're turning a corner and starting to get out of this thing. Yeah. I mean, sure looks that way right now And that some of these numbers that we're getting for travel over Memorial Day weekend Mark I made shows that okay, Well, it looks like we're finally there and and going even higher. That So they they were thinking the travel industry being day that the official estimate was around 2.5 million people were going to travel by air over Memorial Day based on numbers they saw for booking and whatnot. We're looking at about 4.5 Million, so double nearly doubled the number that they were expecting. Now, Here's how they come to that. Being that the T s a does a lot of the calculating for it. 1.9 million people went through checkpoints at airports yesterday. Nine million over the entire Memorial Day weekend. But you gotta cut that in half because most people have return flights. They got round trips to the same person, so they're they're going through twice. So split it down the middle, and it's around 4.5 million, and I mean that's that's really good. What it means, though, is the airports there are jam packed. The airplanes are jam packed. The hotels are a lot of hotels still are not up and running that Their workers. They went got other jobs, and now they've got to rehire or at least bring their people back and retrain them. So the big hotels a lot of them in downtown areas still are closed down right now, and they are Lowly getting everything up and running again. The airline saying they're still trying to get planes out of the desert that were parked there and get pilots back in and flight attendants, so they are trying to keep up with the demand right now, But By all accounts, these air the roaring twenties, You know, we kept hearing that was gonna happen once the vaccine got out there in numbers started to go down, and now we're really seeing it, at least the airline say. They think that band is only going to keep going up as we get into the summer. There's so much pent up demand and pent up money people who didn't travel last year and didn't have to commute last year. They were able to save money that they're ready to go. And they're spending it now. I saw also my sister and her husband. They're out in the desert there in Las Vegas, and I was there just a couple of weeks ago, But I saw on the news. I think it was earlier today that Vegas is 100% open again and all the casinos. You know you can have full seating at all. The You know the tables, you know, blackjack or whatever the gambling tables in such rule at all of that stuff, and they're opening up 100%. I didn't hear anything as far as specifically about Las Vegas as far as they're short staffed for that. But of the tables that will be open. I think, Yeah, I saw that 100% to something else that I thought was interesting. Alex was on this on the report here that wineries say they haven't seen it this busy in a very long time, And I'm trying to figure out I wonder why wineries is it just people are like I'm ready to get out and drink, you know, kind of like I think it's really the travel industry in general. And you're right. In Vegas buffets are open again, and most of the casinos are back to Ah, 100% whether it be in the hole. Tell portion or on the casino floor area, But, yeah, you know, I think a lot of it is that you've gotten happens. Noma County is that there's a big population that could drive to get there and That's what they were saying. So a Napa County they hit records never before seen in in Napa County of people coming in over the weekend, and the wind reason telling us has been a couple of years since they've seen this kind of demand. This is the president of These two We wind Ray have a popular winery in Napa, and I'm just tuckered out. I'm tired. This is the business that we've been, and probably two years they're doing weddings again. They're doing the tastings, and I mean, they say that just the comeback in the speed of it has.

Las Vegas Napa 100% Alex Stone Alex Napa County 135,000 fans Noma County Mark Nine million yesterday last year two years twice 1.9 million people ABC News We wind Ray Memorial Day around 4.5 million double
Air travel jumps as vaccinations spur bookings

WBZ Midday News

00:11 sec | 9 months ago

Air travel jumps as vaccinations spur bookings

"Continue and restrictions ease. More of us want to travel airlines say that spring and summer bookings are picking up, although business travel remains a bit depressed. In a

The economic impact of COVID-19 pandemic on Seattle

KUOW Newsroom

05:52 min | 9 months ago

The economic impact of COVID-19 pandemic on Seattle

"Cast your mind back. I remember talking with you soon after the pandemic started. And you were describing looking out of your window and seeing hardly anybody on the street where what. He's seeing right now today. Well we have more activity than that there. There are some office. Workers are back that are back of course essential workers. There are things that are open today that we're not open a month ago. Museums like the seattle art museum and wing luke The pike place market has been just a great bright spot through all of this. They've never closed. They've had to adjust plenty. So that's a note of activity and usually it's a lot of tourists there. It's mostly locals that are coming from other neighborhoods in seattle downtown. So there's activity downtown. But we sure want more genders more activity but still i mean. The pandemic did take a major toll on downtown businesses. Can you give us a nutshell. Just what happened over the last year. Yes we all know. Downtowns are all about bringing people together and in a pandemic to stay apart for good reason so this pandemic has had a disproportionate impact on urban areas in our country and downtown seattle. Certainly and so. We've had one hundred sixty small businesses that have permanently closer restaurants and retailers office. Occupancy has been below twenty percent over the last couple of months of folks who are showing up at least a few days in their office during the week. Hotel occupancy is still hovering at twenty percent or below in some weeks and our major venues arts culture performance live music venues have have been shuttered for the most part throughout this period so this has been devastating economically to our downtown into downtown's across the country because when you're all about bringing people together a pandemic has significant impact on on how you function and that's what we've seen john. We are still dealing with this pandemic. we haven't turned a corner quite yet but it does seem that most adults who want a vaccine will be able to get one in the next few months. What could that mean for. The future of downtown really is a game changer and we. We have such a clear line of sight on the pace of vaccinations and win. A majority of adults in our community are going to be vaccinated because of the recent approval of the johnson and johnson vaccine. So it's going to allow office workers to return at some level here Early in the summer late spring. We're talking to employers and companies that are that are making those plans now and it's going allow for leisure travel to resume at higher levels throughout our country in seattle can compete really well for the domestic leisure travel business which we believe is going to be sort of the first type travel to return likely before business travel and likely before international travel. People are dying to get out. We want him to come to seattle so office. Workers in leisure travelers and the seattle. That maybe hasn't been downtown in the last year. We want to invite them back. There's plenty of that is open today and more to come. So that's where we're focused. Some folks are speculating. That this pandemic has forever changed. The nature of work and that many employees may simply work from home indefinitely which could mean way fewer people shopping and dining downtown. Are you worried about that potential shift. I do believe the office and work does get recalibrated but the office isn't going away by any means but it mean that some folks might work from home owners days a week. That's generally what the research in surveys. Both in our own community around the country are saying so. The office in the downtown still has an important role to play. When it comes to work and collaboration in shaping a company an organization's culture i do think it gets a re recalibrated doubt. So recalibrate it. If you've got fewer workers around who else possibly could be drawn down to the core to to kind of make up for the for the flow of energy that used to be there. We'll we're investing still record levels in in housing in downtown so more than seven thousand. Units of housing are currently under construction. Were connecting our city to downtown in ways that are going to help people to take a train from northgate in just a few months. That comes every couple of minutes right into downtown. So there's there's new ways to get downtown. We're significantly in housing. And then we're investing in generational infrastructure projects like the waterfront park and a great new arena seattle center. So there's going to be new things to see inexperienced downtown that weren't here prior to this pandemic and there's going to be lots of new businesses that come in into spaces that were vacated by businesses that had to close through this pandemic so this plenty to look forward to new investments new experiences that we're not here prior to this pandemic and we want to celebrate those in addition to everybody that made it through this pandemic and that's able to reopen. Is there a scenario where you might see that. The downtown doesn't recover. And what would that look like. And what would that mean. There's a lot at risk here. And i don't think we can take anything for granted and every great city has a great downtown. I haven't been to a great city without a thriving core in as a as a city here in seattle in a community. We we've made a big bet on a healthy thriving downtown. We've passed many levies to invest in families and education universal pre-k low income housing and a great park system that is betting on a healthy economically. Vital downtown so we have a lot at stake on what happens on these three square miles of land for the entire city and really the entire region. So we've got to get this writing. We can take nothing for granted.

Seattle Seattle Art Museum Johnson John Northgate Waterfront Park Seattle Center
"business travel" Discussed on The Jeff Does Vegas Podcast

The Jeff Does Vegas Podcast

08:24 min | 11 months ago

"business travel" Discussed on The Jeff Does Vegas Podcast

"I think i had seen him perform magic. Just family gatherings and he must have noticed that i took an interest in it. And i think that's what prompted the birthday guest. That really did change my life and and growing up doing magic as a kid. Did you have any particular Magician idols inspirations people that you you really watched anybody that you really wanted to model yourself after so many so many. I'm thinking back to the magicians on television as a kid. Of course david. Copperfield penn and teller. david blaine. there's so many incredible magicians and then there is a couple a magician. Mime couple named tom. Janet verner who started organization called magicians without borders. And i. i met them. When i was twelve years old. And we've been friends ever since and had the opportunity to work together. Basically what they do through their organization. Which i now serve on the advisory board of and it's something really close to my heart but they travel around the world going to places where people are facing some really really tough situations and they spread hope and happiness through magic and they really just used their magic for good. They partnered with the un to raise awareness about hiv and aids. They've done all kinds of really amazing things through performance so they were real role models to me growing up as well skipping forward a little bit here to your time in vegas now and you mention you. People like penn and teller and people like david copperfield. How mind blowing is it for you to now. Be living in the city working in the city. Having your face up on billboards around las vegas with people like penn and teller and david copperfield. Who are also headliners in las vegas. It's such a dream come true Really had been my dream for such a long time to have a las vegas residency and to have the chance to share my magic and do my show and now i do the show at west gate currently on paused due to covid but can't wait to be back and it's something i just just really grateful for and i feel so fortunate to have the opportunity to do something that i love so much that i really care about and you had a chance to perform for penn and teller as well. You've been on fool us which is so cool. Hot thank you so much. I had so much fun doing that. I have to say like i mentioned. They were role models to me. Ever since i first got started magic just having the chance to perform for them was Very exciting little nerve wracking. But in a good way and getting the chance to beyond their show even at the beginning of the pandemic they did a new tv special called ten her. Try this at home and then try this at home. Too and the concept there was that different magicians would share with the audience. How to do simple magic tricks with everyday objects that you could do to amaze your family while everybody stuck at home. So i taught a trick on that tv special and it involved peanut butter jelly and pickles so any listeners happened to have a jars of peanut butter and jelly lying around. And you wanna. Wow your friends and family. You can find that up on youtube but just getting a chance to work of panatela in their team through the years. Been something that. I've so appreciated that's awesome was magic something. I mean going to university. You're going to college. You went to school at yale. Which is very very cool. It's one of those magical places that i mean for someone like myself in canada. You hear about yale and it's like it must be like hogwash. With all of the must be very storied history. I don't know why turn british they're all of the sudden very storied history and castles and an ivy and all that kind of stuff when you went to school at yale was magic and performing in the arts. Something that was was on your mind when you're going there or so many other entertainers that i talked to when they go to college like well. I'm gonna go get a such and such degree and you know this entertainment thing might work out for me. I loved magic. I knew that. I really wanted to pursue magic fulltime. I think the college years for me were about figuring out how to do that. How to go about taking this thing. That i care so much about and turning it into a full time profession making it a reality in in the practical sense of of that working out the details figuring out. How do you support yourself as a magician. And what routes can you take. Because i think for for some other professions. There's a bit more of a path laid out. You know if you want to become a lawyer you go to law school. I want to become a doctor. You go to medical school if you you know various professions you sort of know okay. This is the path i'm going to take. I think as a performer. Part of the excitement of it but also part of the challenge of what needs to be worked out is how do you do. How do you chart your own course and figure out. Okay this is going to be my path so the college for me were really about figuring out. How do i make this a reality. My dream of being a magician fulltime and something else that you did at yale which i thought was was really cool was You helped to bring together Aspiring young magicians attending yale by helping to found the yale magic society. Thank you so much. I remember when i first showed up on campus. I have the same thoughts that you did. Jeff about the gothic architecture. Reminded me so much of hogarth's from harry potter and it really magical five and Community has been such an important part of my life in magic. Ever since i first got started magic and i was part of a young. Magicians group called the society of young magicians that met new york and that was a huge really formative part of my life growing up in magic and so community has been so important to me and i really wanted to have that in college and i fully expected. Initially that y'all would already have a magic society. It it already has a sitter magical atmosphere like we were talking about but It didn't at the time so i found some other. Magicians floating around campus started the group and so happy to say that the group is still going strong to this day. And i love keeping in touch with them and finding out what they're up to. We've had a chance to do a joint trip between the magic society and magicians without borders the organization. I mentioned earlier a few years ago where we traveled to india we went to mumbai into rural gujarat performing magic together and just getting a chance to connect these two groups that i love so much the gm society magicians without borders was just a really wonderful experience and being that you are now a professional magician who is Headlining the las vegas strip and that you are still quite heavily involved with the society I assume that you get reached out to often by students and members of the society who have a question for you to find out how they can follow the same career path as you sheriff and And i love. I love hearing about what they're up to. Each of their paths is because in in magic. They're just so many ways to be a magician and there are so many pets that you can follow. You know you can go into the corporate market you can do college shows you can be in las vegas which to me has always been the magic mce but there are also lots of other vibrant places where you can do magic. So it's exciting to me to see how they all grow as magicians in the past that they each decide to take their magic. I wanna talk about the path that you took to get to las vegas You did something that a lot of people will do when it comes to their chosen career. I did this myself as Working in the world radio you interned. And i know that as a intern It gives you the opportunity to learn a lot of different aspects of of whatever business. You're you're trying to get into your literally doing everything from getting coffee to getting dry cleaning to. I don't know photocopying stuff. Whatever But you did it with a magic legend Nathan burton who has been performing in las vegas for for several years Working with someone. Like nathan burton. What did that experience teach.

Janet verner Nathan burton nathan burton canada india ten her david tom las vegas david blaine Jeff gujarat youtube david copperfield new york two groups harry potter mumbai each twelve years old
How food delivery changed in 2020

Talking Tech

03:23 min | 1 year ago

How food delivery changed in 2020

"Know the way we eat food the way we deliver food the way we get food chain so radically in twenty twenty once the pandemic and so many restaurants and move to a takeout only policy and so many grocery stores. We didn't want to go in. we wanted to take. We not take out but we wanted to have our groceries delivered so many changes this year. Jeremiah alley yang. Who's an analyst with colegio insights says that historically shoppers have been slower to adopt online purchases of groceries compared to categories like tech and apparel but the pandemic change that grocery shopping in the us jumped a hundred and ten percent in daily online sales in april just after the pandemic hit and he says that only pandemic could have spurred such a rapid adoption of e commerce in the grocery category. I talked to a bunch of people recently for this article in usa. Today about how people are coping and dealing with getting their food. I talked to anna anna gurney. Who's a professor at the university of mass in amherst. Where even there at town of like forty thousand people whole foods was delivering initially. Initially you would take like a week to get the order in but as of last week you could get your stuff within two hours. alex cantor. Who is the ceo of or a firm that assists restaurants with online ordering tells me that what it was expected to happen over. The next ten years with a growth in online thing actually happened in a few months. The hallway that consumers interact with restaurants has fundamentally changed. He's been advocating that. Many restaurants will be operating in smaller venues but with bigger kitchens too because so many people have gotten so comfortable clicking buttons on their phones and using delivery apps like doordash uber eats postmates to bring the food home. Now researcher incisive predicts the digital sales will make up more than half or fifty four percent of all restaurant sales by twenty twenty five and as you know walking down the street and seeing your local restaurant is a very sad thing right now because over one hundred thousand restaurants have closed since the pandemic. And who knows what's gonna happen over the next few months. Alex kanter whose family owns the iconic. Canter's deli in los angeles sauce thirty five percent of its revenues from delivery before the pandemic a number that's now grown to one hundred percent with restaurant operandi twenty four hour basis serving mostly delivery orders. You can also drop in the door and pick up stuff in person. Post pandemic kenner believes that people will return to inside dining but not like before business. Travel will never be the same. He says there will never be a lunch. Rush from office workers again because so many people won't be returning to offices meanwhile our friend and amherst an-and gurney says the despite the growing pains while she plans to return to restaurants post pandemic she sticking with online food delivery it saves time. It's very efficient and it's reliable.

Jeremiah Alley Yang Colegio Insights Anna Anna Gurney University Of Mass Alex Cantor Amherst United States Alex Kanter Canter's Deli Kenner Los Angeles Travel Gurney
"business travel" Discussed on NewsRadio WIOD

NewsRadio WIOD

06:19 min | 1 year ago

"business travel" Discussed on NewsRadio WIOD

"Flights could start to bounce back. Once vaccination start. Business travel, however, is not expected to bounce back. Airline executives think zoom calls in the light could take a permanent 15% bite out of that market. At a United Nations panel is taking Carlos Gold side blasting Japanese prosecutors who arrested the former Nissan CEO four times in a row to extend his detention in a Japanese jail. Gone was there for nearly 130 days before he escaped to Lebanon. Hidden inside a large box, Jimmy All right. Thanks So much for all this time talking about about the election about where we are, where we stayed. Just heard from, uh, from Professor Dershowitz, um, from Harvard emeritus, and what he sees is very thin. Thin path to anything for the president of the states was talking about it with the Verdi National Chief correspondent bills and for you to follow me on Twitter at Bill Z 981 Bill. Good morning. What happened over the weekend? Well, Yeah, we had a lot happening over the weekend. And if you thought maybe this political wildfire was going to be put out over the weekend, not so, Jimmy. In fact, it could really flare up today on Friday. Of course, Georgia did certify their vote and that started the clock ticking. The Trump campaign had two days to request another recount, and they did. So there will be a third counting of the ballots in Georgia. This will be a machine recount that they simply feed the ballots into the scanners also judge in Pennsylvania ruling over the weekend against the Trump campaign, throwing their lawsuit out, but not just throwing it out. Jimmy he body slammed it. This judge Matthew Brand said It contained strained legal arguments without merit and speculative accusations, UN supported by evidence and those who are the nice things, he said about Really Rudy Giuliani's presentation in court. The campaign will appeal this, but it will not stop the certification of boats in Pennsylvania today that is expected to happen. Now we have Michigan, which is going to be the real area to watch. Today. They're scheduled to certify their vote this afternoon when the canvassing board will get together to vote on certifying. We already have an indication that one Republican on the board will vote against certifying this election, despite the fact that Joe Biden one by 154,000 votes. There is another Republican on the board. It's a four member board. If both vote against then we've got a tie, which sends us again into some uncharted waters here that it likely go to the courts. It could go to the governor. And we know how Gretchen Whitmer loves President Trump S O. Michigan is one to keep an eye on today. I should also add Jimmy that There are no lawsuits remaining in Michigan. All have either been dismissed or dropped by the Trump campaign. So this is strictly over what they perceive to be voting irregularities that have been reported and one of those affidavits on irregularities came from the wife. Off this canvassing board member who said that there were there were members of the of the election staff, the counting people in Detroit that was staring at her. Stay together. Well, there you go. You got that goes like AOC and the Joe mentioned it works. Um you know it. Zit seems to be in and from listening to some of the legal experts really only one path, for example in Pennsylvania, and maybe it's the only way. That race could be changed and it's It's such a long shot at this stage you wanted with the Trump legal team was doing and that is this that That what was changed to be able to allow for votes to be counted after Election Day was not changed by the state Legislature and the Supreme Court and indicated that that's the only way that you can change state election law. I'm just wondering, what are they saying about why they didn't go in that direction? Uh, it's very this is it is very strange. You know this whole thing. In fact, one legal expert called the Trump campaign's lawsuits in Pennsylvania, bizarre and weak because there are a lot of questions. In fact, in In court. Rudy Giuliani was asked flat out by the judges this hat. Is this a fraud case? He said. No, It's not a fraud case, but then they went on to challenge you know, write in ballots and mail in ballots and curing a valid ballots. Esso it the whole thing has been very confusing, Jimmy. I'm not sure why why they have not taken another legal path. But This much We know any narrow path that the president might have toward overturning this election starts with holding up the certification of votes. On. It didn't happen in Georgia. It's not likely to happen in Pennsylvania today. We'll have to see what happens in Michigan. But the more states that certify that snowball gets bigger and bigger, heading downhill. Yeah, without question able. Thanks. Appreciate it. We will talk tomorrow. Good data. Thanks, Jimmy. You know, it just seems that there was also another question that I think Dershowitz brought up concerning certain states and Pennsylvania allowed. If there was a question of ballot for it to be cured, you know, fixed In certain counties did not allow for that. And you can't do that either. But these air Supreme Court issues and they are run out of time. It seems that You may have put the wrong people in charge of his legal team. Now, the question about whether or not that software program that was used in a much of places. Throughout the country was rigged in some way. Well, there are paper backup ballots to that, and that's all been, you know, That's that's the question about that. If Look, The bottom line is this looks thin for the president. I'd bothers me, too. It really does for all my Republican friends out there, But I do see the optimism in this. I wish he would go and say I'm going to run again in four years. Grover Cleveland did it he wanted after losing an election. In the 19th century. It can be done and I think the Democrats are heading down such a difficult and wrong path. That President Trump could be president again in this country, but he's got to do this the right way. Um, anyway, well, welcome back. Talk about it more. It's 6 28 Committee..

Jimmy All Pennsylvania president Michigan Georgia President Trump Professor Dershowitz Rudy Giuliani Joe Biden fraud Supreme Court Trump Lebanon United Nations Harvard Gretchen Whitmer Grover Cleveland Detroit
Don't expect business travel to bounce back anytime soon, start-up founders say

Colorado's Morning News with April Zesbaugh and Marty Lenz

00:33 sec | 1 year ago

Don't expect business travel to bounce back anytime soon, start-up founders say

"Of doing business may never get back to what they looked like pre pandemic before, For example, do airlines really need a business class? If nobody's flying on business? Microsoft co founder Bill Gates says more than 50% of business travel. Will disappear even after the pandemic is over, he says. Going forward, there's going to be a very high bar for the approval of business trips and other companies have figured out working from home is feasible for most employees. Cates also believe that once the pandemic ends more than 30% of days in the office will be a thing of the past. Once

Bill Gates Microsoft Cates
"business travel" Discussed on News-Talk 1400 The Patriot

News-Talk 1400 The Patriot

02:00 min | 1 year ago

"business travel" Discussed on News-Talk 1400 The Patriot

"The Democrats are warning against scrapping plans to rename it several Confederate name bases in defense spending Bill Group of nearly 40 Democrats, led by Senator Elizabeth Warren penned a letter to top members of both the House and Senate Armed Services Committee's IT states. They strongly oppose removing the provisions, which would require all military assets with Confederate names be changed within three years. Both chambers past their respective versions of the defense bill earlier this year, But the name changing provision has sparked a veto threat from President Trump Buying a reporting Joe Biden has chosen his longtime adviser, Ron claimed to reprise his role as his chief of staff. Should he become president. Fine said Wednesday. The claims deep, varied experience and capacity to work with people all across the political spectrum is precisely what I need it to White House chief of staff As we confront this moment of crisis and bring our country together again. This is town hall dot com. Business travel might never look. The same consulting firm McKinsey and Company says it took international business travel five years to recover after the 2008 recession. But this time the ease of videoconferencing could put a permanent dead in corporate trips. Many companies like Dubai based television station operator NBC Group say they've been able to do business Justus well online, so they're unlikely to travel as much when the pandemic ends. That's chilling news for hotels, airlines. Others that rely on business travelers. John Scott reporting use Department of Energy has awarded just under 14 million foreign attempt to build a hydrogen energy production facility. Nuclear power plant in Minnesota, with the help of the nuclear research lab in Idaho, Idaho National Laboratory and Minneapolis based Exhale Energy will work on devising and building the facility and Redwing, Minnesota. Or the story's A town hall. Calm I've passed across Have we gotten to the point.

chief of staff president Ron Senator Elizabeth Warren Bill Group Minnesota Senate Armed Services Committe Exhale Energy Joe Biden Department of Energy McKinsey Idaho White House Idaho National Laboratory Dubai Justus
Marketing in times of crisis with Meagen Eisenberg

The SaaS Revolution Show

05:26 min | 1 year ago

Marketing in times of crisis with Meagen Eisenberg

"Welcome to the revolution show. Megan Eisenberg's actor factions welcome Meghan. Thank you. Thank you for having me rates. Have you looked costs for the for the first time we had you speak at a couple of suspects. Now I think being Dublin twice once with Mongo DB A. Trip back trip actions I miss. It may say it would be well, obviously would be next month right ends. Yeah I mean. Everybody's not just not just saying that a lot of the conversations having the moment because I think it's impending at, it would be next month. A, lot of people saying all It's one of the top two events that went missing this year and. We're definitely failing fading that. Make do without the online. Brings. US, up, a line in different. but. Certainly we're trying to bring a lot of that fatty online but us, you call events in that is against the pumps up. Missed the Guinness. That's it. That's a great on on the PODCAST. For those that don't know you, can you tell us a little bit about yourself? WHO's mega noise? Sure. I am CMO trip actions. I've been here almost two years prior to that I was at Mongo DB as their CMO for four years took them public in October, two, thousand seventeen, and just prior to that I was at Docu sign. That you signature company. That's both doing quite well in the markets right now for three and a half years running demand Gen. Your base in the US area with just chatting about Louis. Flyers. S. airy sad to see and the air in the skies have been orange. So yeah, we're hopeful that the firefighters get that out sooner than later. In. The Bay area. So I was born in, Texas? So and lived in Minnesota in Illinois for a brief amount of time. But most my life I've been in California live in Belgium for year as a nanny. For Two kids are I guess and then I lived in Japan in Tokyo for a year during college raising. Up. We. Want a little bit of about. The I guess the Addington, two factions and leading Moxie. During What is being much challenging year. We. Can Certainly, the the travel industry as as many as the events industry You know we we've had a very. Difficult moment. Don't try to find a way You Know Karma through this and. Understand how are you guys done it and the and and I guess. I mean. Tennis. Just a little bit about through factions. What it does a little bit. Why did you join trip actions when you see among a DVD? And you you know you to join trip absolutely better. Yeah. So trip actions is a full travel management system from bookings expense. So you book your travel than we have travel agents that support you while you're on the road, and then we have a product called trump actions, liquid that corporate card for expenses and and managing anything on the road or even at home you know some of our companies are using it to expense office supplies, stuff like that and software I joined. Last year weather reside is one it's a massive market I think One thing when you're looking at companies to join is to look at their size of the market it's a one point, five, trillion dollars just business travel online as one point, five trillion even if we cut that in half with Cova, let's say it only comes back to half the levels in the next year. That's still an eight hundred, billion dollar market, and there's a lot of legacy players in it that haven't really innovated in a long time. They were all born before the iphone they weren't there in legacy technology and infrastructure outdated models. They're dispirit systems They're not designed around the traveler, the user, and they don't usually have very people don't love those solutions typically. So I love going to a player that's very disruptive. That's modern that was born after the IPHONE and designed around on new technology is very similar to to be born after the iphone they went after a very large forty, five, billion dollar database market that was growing to sixty billion and they're taking on a large incumbent which was. Oracle and they were bringing a whole different way of doing it and tractions doing that it's a very, it's one platform. It's just a very different model than what's out there, and so I was excited to join the company and we were growing quite fast. We added a thousand employees last year until we had to hit the brakes with covid and that definitely was a punch in the gut I, think for the entire industry and we've had to make a lot of pivots and moves in order to adjust for this environment. But we know ultimately travel will come back. Businesses are reliant on meeting in person and accelerating deals and so I'm here to help us get through this external. Event with the pandemic and build the right product and support our customers and what they need now, and then

United States Meghan Dublin Megan Eisenberg Oracle Tennis Texas Japan California Moxie Minnesota Louis Tokyo Belgium Cova Illinois
"business travel" Discussed on KQED Radio

KQED Radio

03:06 min | 1 year ago

"business travel" Discussed on KQED Radio

"Rapid test it took about 30 minutes. You know the nasal swab tests. Everybody's clear area were overexcited and airlines are excited to to get paying customers back on their planes, so they're now offering passengers preflight Covad 19 testing for some destinations. United was the first to announce on the spot pre flight testing at San Francisco's airport for Hawaii bound travelers for results in 15 minutes. It cost you $250. There are also cheaper 48 hour in home or clinic testing options. And other airlines are following suit. Now, Even some airports are getting into the covert testing game. We do the test right here in the main terminal. Tampa International Airport CEO Jola Pato says his airport is offering travelers to any destination, two kinds of tests the rapid test, which will give you results in 15 minutes. Cost $57 and then the more accurate P C R test costs $125 and you get your results within 48 hours. A few other airports now offer testing to Henry Harteveldt heads the Atmosphere Research Group, a travel industry research firm. What the airlines and airports are trying to do is removed every possible obstacle. People have when they start to think about taking a trip. But some public health experts are concerned because not all of the tests are reliable. And what that means is that the likelihood that they will actually identify a positive case in an asymptomatic individual is fairly low. Mercedes Card A. Thon is an epidemiologist at Northwestern University's Feinberg School of Medicine. You could get a negative test, but in fact a day or two later, your viral levels could surge. And then you're really quite infectious. And so I fear that it provides ah, false sense of security to do the on the spot testing. Nonetheless, the Global Business Travel Association is joining others and calling for more widespread airport Cove in 19 testing. In an attempt to jumpstart an industry decimated by the pandemic. David Shaper NPR NEWS Chicago This's NPR news back from flying to driving, especially on the Dublin grade. Here's Joe with traffic details at 7 19 a significant slowdown on 5 80 westbound, hitting up the hill past Foothill San Ramon because of a crash before eating Canyon Road that has been out there in the left lane. Now for about Looks like almost a half an hour 25 minutes anyway and south, A DTL jammed up still through Oakland because of the crash passed High street that was first reported about an hour ago, and traffic is backed up there. To 16th Embarcadero, but south of there looks good. The were a couple of crashes in the Hayward area. There's those have been clear The Bay Bridge minimal delay, but the murdering lights are on and it's windy Joma cattle for security and traffic support comes from Lucky and Lucky, California. Support for cake comes from the East Bay Community Foundation connecting donors with community led movements to address racial equity. BBC F envisions and inclusive, Fair and just eastbay E B. C f.

Tampa International Airport A. Thon airport Cove Jola Pato East Bay Community Foundation Hayward asymptomatic NPR Foothill San Ramon United Mercedes Henry Harteveldt BBC F Oakland San Francisco Global Business Travel Associa CEO The Bay Bridge Atmosphere Research Group
"business travel" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:38 min | 1 year ago

"business travel" Discussed on WNYC 93.9 FM

"Shaper. Imagine a Hawaiian vacation with the lush islands and sparkling beaches. It's the kind of trip people plan for way in advance. Then Cove it got in the way had a chip from last spring that body out of his wife and four kids postponed their dream vacation back in March, when Hawaii began requiring every traveler to self quarantine for 14 days upon arrival. That essentially shut down tourism, after all, who would want to fly all the way to Hawaii just to be trapped in their hotel room for two weeks, but the bat he had a family finally landed at Honolulu's airport last week. After it opened to those who test negative for the Corona virus. We've got a rapid test It took about 30 minutes. You know, nasal swab tests. Everybody's clear yet. We're very excited, and airlines are excited to to get paying customers back on their planes, so they're now offering passengers Preflight Cove in 19 testing for some destinations. United was the first to announce on the spot pre flight testing at San Francisco's airport for Hawaii bound travelers for results in 15 minutes. It cost you $250. They're also cheaper 48 hour in home or clinic testing options. And other airlines air following suit Now, even some airports are getting into the covert testing game. We do the test right here in the main terminal. Tampa International Airport CEO Jola Pato says his airport is offering travelers to any destination, two kinds of tests the rapid test, which will give you results in 15 minutes. Cost $57 and then the more accurate P C r test cost $125 and you get your results within 48 hours. A few other airports now offer testing to Henry Harteveldt heads the Atmosphere Research Group, a travel industry research firm. What the airlines and airports are trying to do is removed every possible obstacle. People have when they start to think about taking a trip. But some public health experts are concerned because not all of the tests are reliable. And what that means is that the likelihood that they will actually identify a positive case in an asymptomatic individual is fairly low. Mercedes Card A. Thon is an epidemiologist at Northwestern University's Feinberg School of Medicine. You could get a negative test, but in fact a day or two later, your viral levels could surge. And then you're really quite infectious. And so I fear that it provides ah, false sense of security to do the on the spot testing. Nonetheless, the Global Business Travel Association is joining others in calling for more widespread airport Cove in 19 testing. In an attempt to jumpstart an industry decimated by the pandemic. David Shaper NPR NEWS Chicago This is NPR news. And you're listening to morning edition here on WNBC. I'm David first. Senate Democrats can't stop the appointment of Amy Cockney barrel to the Supreme Court, but they are voicing their opposition. Confirming a lifetime appointment. This late into a presidential election season is outrageous. We'll have a closer look at how what Judge Barrett is expected to transform the court coming up in about 15 minutes. And then later on the BBC news hour at nine o'clock, the leading opposition leader in Belarus is calling for a general strike in the country and we'll have more on the new spikes in Corona virus infections in Italy and Spain. Those stories and more coming up on the BBC news hour at nine o'clock on 93.9 FM. W. N. Y. C is supported by Saint Francis Hard center, New York State's.

Hawaii Tampa International Airport David Shaper airport Cove BBC Supreme Court Honolulu A. Thon Jola Pato asymptomatic NPR Judge Barrett United Mercedes Henry Harteveldt CEO Global Business Travel Associa
"business travel" Discussed on KCRW

KCRW

02:32 min | 1 year ago

"business travel" Discussed on KCRW

"In the way had a chip from last spring that batty at his wife and four kids postponed their dream vacation back in March, when Hawaii began requiring every traveler to self quarantine for 14 days upon arrival. That essentially shut down tourism, after all, who would want to fly all the way to Hawaii just to be trapped in their hotel room for two weeks, but the bat he had a family finally landed at Honolulu's airport last week. After it opened to those who test negative for the Corona virus. We've got a rapid test It took about 30 minutes. You know, nasal swab tests. Everybody's clear yet we're excited, and airlines are excited to to get paying customers back on their planes, so they're now offering passengers Preflight Cove in 19 testing for some destinations. United was the first to announce on the spot pre flight testing at San Francisco's airport for Hawaii bound travelers for results in 15 minutes. It cost you $250. There are also cheaper 48 hour in home or clinic testing options. And other airlines are following suit. Now, Even some airports are getting into the covert testing game. We do the test right here in the main terminal. Tampa International Airport CEO Jola Pato says his airport is offering travelers to any destination, two kinds of tests the rapid test, which will give you results in 15 minutes. Cost $57 and then the more accurate P C r test cost $125 and you get your results within 48 hours. A few other airports now offer testing to Henry Harteveldt heads the Atmosphere Research Group, a travel industry research firm. What the airlines and airports are trying to do is removed every possible obstacle. People have when they start to think about taking a trip. But some public health experts are concerned because not all of the tests are reliable. And what that means is that the likelihood that they will actually identify a positive case in an asymptomatic individual is fairly low. Mercedes Card A. Thon is an epidemiologist at Northwestern University's Feinberg School of Medicine. You could get a negative test, but in fact a day or two later, your viral levels could surge. And then you're really quite infectious. And so I fear that it provides ah, false sense of security to do the on the spot testing. Nonetheless, the Global Business Travel Association is joining others in calling for more widespread airport Cove in 19 testing. In an attempt to jumpstart an industry decimated by the pandemic..

Hawaii Tampa International Airport airport Cove Honolulu Jola Pato A. Thon Global Business Travel Associa asymptomatic United Henry Harteveldt Mercedes CEO Atmosphere Research Group San Francisco Feinberg School of Medicine Northwestern University
"business travel" Discussed on KQED Radio

KQED Radio

02:53 min | 1 year ago

"business travel" Discussed on KQED Radio

"From last spring that batty at his wife and four kids postpone their dream vacation back in March, when Hawaii began requiring every traveler to self quarantine for 14 days upon arrival. That essentially shut down tourism, after all, who would want to fly all the way to Hawaii just to be trapped in their hotel room for two weeks, But the bat he had a family finally landed at Honolulu's airport last week after it opened to those who test negative for the Corona virus way. Got a rapid test? It took about 30 minutes, You know, nasal swab tests. Everybody's clear yet we're excited, and airlines are excited to to get paying customers back on their planes, so they're now offering passengers Preflight Cove in 19 testing for some destinations. United was the first to announce on the spot pre flight testing at San Francisco's airport for Hawaii bound travelers for results in 15 minutes. It cost you $250. There are also cheaper 48 hour in home or clinic testing options. And other airlines are following suit. Now, Even some airports are getting into the covert testing game. We do the test right here in the main terminal. Tampa International Airport CEO Jola Pato says his airport is offering travelers to any destination. Two kinds of tests the rapid test which will give you results in 15 minutes cost $57 And then the more accurate P C. R test cost $125 and you get your results within 48 hours. A few other airports now offer testing to Henry Harteveldt heads the Atmosphere Research Group, a travel industry research firm. What the airlines and airports are trying to do is remove every possible obstacle. People have when they start to think about taking a trip. But some public health experts are concerned because not all of the tests are reliable. And what that means is that the likelihood that they will actually identify a positive case in an asymptomatic individual is fairly low. Mercedes Card A. Thon is an epidemiologist at Northwestern University's Feinberg School of Medicine. You could get a negative test, but in fact a day or two later, your viral levels could surge. And then you're really quite infectious. And so I fear that it provides ah, false sense of security to do the on the spot testing. Nonetheless, the Global Business Travel Association is joining others and calling for more widespread airport Cove in 19 testing. In an attempt to jumpstart an industry decimated by the pandemic. David Shaper, NPR NEWS Chicago This is NPR news. And you're hearing it here on Monday morning on member supported Greedy public radio, Thanks so much for dialing in and listening and has always thank you for your continued support of cake. A busy Monday ahead with lots of wind, even some traffic..

Hawaii Tampa International Airport airport Cove Honolulu NPR Jola Pato A. Thon asymptomatic David Shaper United Mercedes Henry Harteveldt CEO Global Business Travel Associa Chicago Atmosphere Research Group
Can Airport COVID-19 Testing Encourage More People To Fly?

NPR's Business Story of the Day

02:57 min | 1 year ago

Can Airport COVID-19 Testing Encourage More People To Fly?

"So if you're itching to travel the airlines for their part are going to say go ahead and do it many airlines are requiring masks there disinfecting cabins they're touting their hospital great air filtration systems. They're even starting to Cova tests at the airport. Here's NPR's David Schaper. Imagine. A Hawaiian vacation with the lush islands, sparkling beaches. It's the kind of trip people planned for way in advance and then cove. It got in the way we had a trip from last spring that Battie added his wife and four kids postponed their dream vacation back in. March. When Hawaii began requiring every traveler to self quarantine for fourteen days upon arrival that essentially shutdown tourism after all who would wanna fly all the way to Hawaii just to be trapped in their hotel room for two weeks. But the bad he had a family finally landed Honolulu's airport last week after it opened to those who test negative for the corona virus, we got a rapid test. It took about thirty minutes you know. The NASAL SWAB tests. Everybody's clear. Ever excited in airlines are excited to to get paying customers back on their plane. So they're now offering passengers preflight cove in nineteen testing for some destinations united was the first to announce on the spot preflight testing at San Francisco's airport for Hawaii bound travelers for results fifteen minutes it cost you two, hundred, fifty dollars. There are also cheaper forty eight hour in home or clinic testing options and other airlines are following suit now even some. Airports are getting into the COVID testing game. We do the test right here in the main terminal Tampa. International Airport CEO. Joel Lapointe says his airport is offering travellers to any destination two kinds of tests. The rapid test which will give you results in fifteen minutes cost fifty seven dollars, and then the more accurate our test costs a hundred and twenty five dollars and you get your results within forty eight hours a few other airports now offer testing. To, Henry heartfelt heads the atmosphere research group travel industry research firm what the airlines and airports are trying to do is remove every possible obstacle. People have when they start to think about taking a trip but some public health experts our concern because not all of the tests are reliable and what that means is that the likelihood that they will actually identify a positive case in an a symtomatic individual is fairly low Mercedes. Cardin is an epidemiologist at. Northwestern University's Feinberg School of Medicine. You could get a negative test but in fact a day or two later, your viral levels could surge and then you're really quite infectious and so I fear that it provides a false sense of security to do the on the spot testing the less the business travel association's joining others in calling for more widespread airport cove in nineteen testing in an attempt to jump-start industry decimated by the pandemic

Hawaii International Airport David Schaper Cardin NPR Battie Honolulu Joel Lapointe Feinberg School Of Medicine Northwestern University San Francisco CEO Tampa Henry
Boeing is discussing a new plane as it begins to emerge from 737 MAX crisis

WSJ What's News

05:11 min | 1 year ago

Boeing is discussing a new plane as it begins to emerge from 737 MAX crisis

"We're reporting that Boeing is gauging interest in a new jet in early stage conversations with possible buyers, the potential new design would carry between two hundred, two, hundred, fifty people somewhere between the troubled seven, three, seven Max and the seven eight, seven dreamliner. These are tough times for both companies that make the planes and those that fly. Then we'll get a better understanding as to the Challenges Airlines face and what you as a passenger can expect as more big US carriers released earnings today. Let's bring in Alison CIDER. She covers airlines for the Wall Street Journal Either Alison. Carre. How're you? Doing well Alison. Here's my question for you. When we hear the earnings calls today, correct me. If I'm wrong losses are inevitable and airlines are really worried about cash. We're going to hear from Southwest Airlines and American Airlines and really nobody is expecting. Anything Positive Delta and united reported last week in both reported huge losses, which really comes as no surprise just given. How much demand has been decimated by the pandemic and the biggest focus for airlines right now is just getting as much cash as possible and holding onto it. So the numbers that investors have been looking at our. Daily cash burn and try to figure out when that cash burn number is going to be zero and it seems like that won't be for a little while. So Ellison Airlines now have this task. If you will of trying to rewrite their next chapter under very challenging times, we just saw South West announced. It's going to operate out of Chicago O'hare and Bush intercontinental out of Houston in the past that would not have even been in the realm of discussion. Yes. So we're seeing southwest doing some really interesting things. It is in some ways sort of in better shape than some of its competitors and is taking advantage of. Airports that were one sort of congested and hard to get into now being easier to get into and you know South West has the capacity and they're making an opportunistic move and I think we're seeing a lot of airlines get creative with the roots. Isn't a lot of business travel right now so they're all focused a lot of people who are still flying, where do they want to go? So that's the beach shits national parks anywhere. You can be outside leisure destinations. So they're all kind of remaking their roots to accommodate that kind of demand. So other airlines are kind of trying different things and trying to capture whatever demand there is, and you'll try to adjust their networks would about the uncertainty about additional stimulus eight? How does this fit into the tough times? The airlines are already facing united in America and in particular had to go ahead and just let go of the thousands of workers. Because the the new stimulus hadn't been decided in. There was really no certainty about whether it will be when. So. You know the people most impacted by this are the employees. Thousands of them are on furlough. It's not clear if and when they'll be called back could be in a couple of months it could be if there's no stimulus a couple years. So you know that's really who's feeling this. The most airlines have said this next round of stimulus isn't really a matter of survival for them, but they want to have all. Their employees on so that they can be ready when there's a recovery can take a couple of months to get pilots especially, pilots trained you bring people back get them to go through training students, simulators, and I think what they want is you know when they see signs that demand is starting to come back they wanna be able to ramp up right away. So they think another stimulus for sort of helped them be healthier and more prepared. When a recovery comes ellison, we are seeing a bit of a rebound in passenger numbers. Still Airlines face a tremendous amount of uncertainty. What does this mean for someone who wants to fly in the future? The the passenger numbers that we've seen in the last couple of weeks US definitely seeing a slight but but real upward trend on Sunday over a million people went through the US airport security screening points, which is the highest since mid-march. So you know even more than in the summer, which is sort of the typical travel season but there's really no sense of a weather can really go up much more from here without a lot of business travel and without international borders being open in railway again. And it's also very clear. What's another wave of infections due to those numbers? You know if something like that will trigger more restrictions on travel that will sort of discourage people from flying again. So whether the numbers keep rising from, here's a real unknown for airlines. For passengers I think people flying right now you know depending on where you're flying booking. There are a lot of deals out there and I think you most experts including airline execs expect competition to be pretty fierce going forward with a smaller number of travelers. I think you can expect a lot of deals on fares and a lot of sales already seeing a lot of promotions right now so I think the expectation is this'll be a pretty low fare recovery for people who are wanting to travel

Challenges Airlines Southwest Airlines Ellison Airlines Alison Cider American Airlines Still Airlines United States South West Wall Street Journal Boeing Carre Chicago O'hare Houston America Bush
Southwest To Fly Out Of Chicago O’Hare Starting in 2021

Chicago Tonight

00:59 min | 1 year ago

Southwest To Fly Out Of Chicago O’Hare Starting in 2021

"Southwest airlines flying in and out of O'Hara never thought I'd see the day. Why did they do this now? Well despite what's going on with travel right now actually seems like the time to strike. If you're south west, this is a carrier that's been known for Leisure and domestic travel, and you know that's expected to be the first. Piece of travel bounce backs for certainly sooner than business travel which united and American made their name on. So, this move would give southwest access to the northern suburbs, and there's a lot of people that can refuse to drive to midway to fly southwest, and the really is so much pent up demand to travel after all this is over southwest wants to be able to to grab some of that market share, and certainly there's risk because we don't really know win that travels GonNa come back but Interesting move by them and it's good for O'hare probably because you got an expansion going over there. For nine billion dollars that neons nice to have another carrier that's looking for

Southwest O'hara O'hare
"business travel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:17 min | 1 year ago

"business travel" Discussed on Bloomberg Radio New York

"In business for the airline industry to get rid of a fee that most customers load. Last week, United Airlines said it was eliminating the change fee. That's the $200 in charges customers who book flights and they need to change them. A number of other airlines, including Delta, and American Airlines, quickly followed suit. Bloomberg OPINION column This Joe No, Sara writes that the airlines need to do better for their customers in order to revive the business. He's here to tell us how so let's start with the effect the pandemic has had on business travel and whether that's ever coming back. Would be effective in profound I mean, absolutely profound business travel full attention perfect have largely stopped and only just now, coming back a kind of little bit overall. Between business and and a pleasure travel airline business is down 70%, which is just astonishing and The business traveler has discovered doom. And I know, for instance, never lawyers who say to me that Ah That using zooms stays in time, things of money state of panic after clients money and Justin are better way to get things done not for trial for almost everything out. So a lot of that trial is never coming back and the airline are going to have to figure out new ways to get customers back. So United, Delta and American have eliminated the hated $200 fee charge for changing flights. What does that tell you? It tells you that they feel a certain desperation to get Ah to get to get customers back. I mean, think about our taken to add all these fees. First, the fee for the For the luggage. And then and then you know the fee for extra leg room on DH, then you know, on and on and on. And then he's like the one you dissension. The the changing phase, you know, started this 50 bucks in like 100 bucks like 20 bucks. Overall, the airline had almost $3 billion in revenues just in fees and stripping that away says that they realized that Getting comfortable back is going to require doing something above and beyond just keeping aircraft in the sky. So let's talk about some of those suggestions you have. The first is my favorite because we've discussed this before. That's More leg room. Yes, I'm leg room fanatic got smaller and smaller over the years. They have. And they as the airlines have worked impact more more people and Ah Ah, I'm playing and that's what they've done. You know, the so called pish. That's the distance between the feet used to be 36 inches. You think about that now, when the pitch is a 29 or 30 inches, it could be a hit. The first in front of you at the person in front of you is trying to put the seat back, and it's just been excruciatingly painful experience and You know a lot of the things that their lives have done, we're going to talk about. If you wantto really, You know, it's it's not for the benefit of consumers, but at the end And Joe. I hadn't realized this, but you say more comfortable seats. You said that the padding on the seats has gotten thinner. You haven't realised that I haven't realised that Oh, God. Yes, yes, the back and the seat cushion and the back of shrunk considerably for likely the same reason because the minute you make them the more people we could put in, the more people you can get on the airplane, And for many years that has been the game. How many people can we squeeze into an aircraft? So you don't want any more cheese plates? You want riel? Food is the cost worth it? Well, I guess food would be the one up there. I guess I could live with crackers in my ass. But really, it would be nice on a five hour flight. Right? Oh, definitely. And you say bigger bathrooms. Haven't they always been small? Or am I thinking back our every bad right? So, you know, a couple of years ago, I did a column where I tracked could learn about How we think about And I did find the company, a couple of companies that compete for their business in the bathroom and they would have these breakthrough. And the breakthrough were always about. Hey, here's a way we could squeeze another four inches. I was a bathroom so you could put an extra row of feet. I mean, that's really what it was like. So the answer is Bathrooms are a lot worse things debate just like everything else. So let me say there now, all of these suggestions, you know they're slightly tongue in cheek. Because, you know, the airlines have worked so hard to get us used to doing these things, and they're trying to maximise revenues and no one But the larger point here is that For at least two decades. Um, the airlines have have taken a series of steps that have added to their revenue. Would have made flying a more painful and difficult experience for Flyers. And you know Part of my point here is that if you want to get people back on airplane, one of things you're gonna have to do is treat people better because they've discovered especially the business travel. Traveler that was doom and competitors. You don't need to be on an airplane all the time. You don't need to be a frequent flyer and that going to create New competition for airline I'II Zoom and they're going to have to learn people back change beginning Thanks so much, Joe. That's Joe No Sarah, a Bloomberg opinion columnist. Coming up on Bloomberg opinion. Some lessons from New York City school.

Bloomberg Delta United Airlines American Airlines Joe No Joe No Sarah Joe Justin Flyers riel Sara New York City school
Reviewing the August Traffic Stats - It’s Not Great

AvTalk - Aviation Podcast

05:40 min | 1 year ago

Reviewing the August Traffic Stats - It’s Not Great

"That puts us a roughly a week past the end of August weird things we found. Our. Stopped getting better. As the. Is. Is the way to put it. So you know from the low on the twelfth of April we've seen a rise in traffic levels and we ended the month of August. Forty, five percent. Of Twenty nine hundred. August twenty nineteen. As far as commercial traffic levels were concerned. So. Not Great. Know things things flattened out We've talked about keeping an eye on things hoping that the summer would lead to a bit stronger recovery and then pushed through into fall. We haven't seen the traffic in at the beginning of the fall schedule materialize, and so there's a good chance that week over week, we could see traffic fall throughout the rest of the year outside of spikes for for certain holiday period if people decide that they're going to be traveling again but we don't know what that's. GonNa. Look like as as the as the season develops but August you know. Flattened out and not in a great way, and then the holiday weekend we just had here the states is past weekend traffic almost eclipsed a million passengers screened in the US for the first time since. March sixteenth were dropped off quoits amazingly beyond that. It went from one point two million. Passengers screened on March sixteenth to just basically a quarter of a million. A week later. So getting up to a million would have been at least some semblance of what we use folic victory person bollock victory. We are not there yet. We have here in New York. We have twice as many people riding the subway. Than we have the TSA screening passengers nationwide. Now yesterday the Tuesday after the holiday weekend that were seven, hundred, four, thousand passengers screened, which is just about right back where we were before the holiday weekend. So this is typically rather. Low part of the year between the end of the summer and really Thanksgiving here in the US than the the holidays toward the end of the year for the entire world. So this is GonNa be. Great the next few months, and we're already seeing if you wear pare back their schedule quite dramatically to match that new reality that the the comeback is not happening. Yeah the the return of. Travel, besides leisure travel. So so business travel. And folks moving around outside of taking. A vacation visiting their their friends and relatives. That's not materialized. Travel is still nil and so. What we're going to see over the next few months I think is going to reflect that especially us. Europe a little different. Asia quite different as things there have have gotten much better much faster. But I I think we're still globally nowhere near two thousand and nineteen levels and won't be for some time. The other things being affected are aircraft deliveries. We got those numbers this week as well and and looking at Airbus Boeing numbers Airbus thirty nine deliveries one order which was Jason. Ordering his new. Ac a three twenty neo. Price finally come down enough where I can get my own pint. Yeah and then bowing delivering thirteen aircraft but taking eight orders. That's interesting. who were the eight I hadn't heard that they picked up five, seven, three, seven Max orders and they picked up three triple seven F orders l. were those the Polish airline ordering the matches that we talked about last time in addition to so there was the yes enter air, and then there was one other I think there was an airline that order one of them and and which airline was, but we may have talked about that in a previous episode plus the three triple seven f orders but moving up but still not I mean I was actually did putting things together for the show I. Put in you know Boeing August deliveries, and a Reuters article from last year came up and they are talking about how how orders deliveries were down forty percent. Already. And I was like Oh. That doesn't seem terrible and then I looked at the date and it was September. Twenty nineteen it finally they knew. Yeah. So not not great still not great. But we are there are some glimmers of hope just now a few minutes ago adult seven, six, seven, four, hundred that had been stranded in not one joe. China after it had interior modifications done Kinda got stuck there just took off back heading. East after two hundred and four days of sitting on the ground there looking derelict. So that's about that. That's nice. I'll take what I can get

United States TSA Airbus Boeing New York Asia Europe Boeing Airbus China Reuters Jason MAX
Airline Workers Brace As Federal Aid Runs Out This Month

NPR's Business Story of the Day

03:29 min | 1 year ago

Airline Workers Brace As Federal Aid Runs Out This Month

"Employees at the nation's airlines are getting nervous many pilots flight attendants mechanics in customer service agents have been kept on the payroll since March only with the help of federal aid that funding runs out at the end of this month, and if it's not extended tens of thousands of them could be out of work on October first from Chicago. NPR's David Schaper reports. Several dozen flight attendants, pilots, and other airline employees masked up as they chanted and marched around the Federal Plaza Downtown Chicago Wednesday to draw attention to what they say is a dire situation. So I'm I'm coming up on four decades of service and I have to tell you I have never seen anything like this in my career with United Airlines United Flight Attendant Jeff Highs says he's not just talking about the calamitous drop in the number of people flying because of the pandemic lot. The impending mass layoffs year and his co workers are facing. Unless twelve thousand of our members are at risk for involuntary furlough and that's just one group of employees at one airline. Industry Wide Cub October. First layoffs could top forty thousand, and that's in addition to the tens of thousands have already taken early retirement or other incentives to leave their airline jobs voluntarily. The initial corona virus relieffactor past March Congress and the trump administration included twenty five billion dollars in grants to airlines to keep paying employees for six months. But now that time is almost up Democrats some Republicans and the president of all said, they favor an extension of the payroll support program but the airline aid was left of the latest relief package proposed this week by Senate, Republicans and the uncertainty weighs. Heavily on airline employees, we're in this limbo right now other holding is a Chicago based flight attendant for American Airlines. Are we going back to work in October? Are Do we have to figure out and find another job? You know we're kind of time crunch right now what our backup plans going to be airline employee unions held a similar rally outside the Capitol in Washington DC to put pressure on Congress. While their bosses at the airlines fret to right now we're fighting for survival make no bones about it. Kallio. Heads a group airlines for America. He says after a brief uptick air travel this summer that peaked over the Labor Day weekend demand is already slumping again is more profitable business travel bookings remain down close to ninety percent is going to be a different world people are to see you're already seen. Fewer flights come October. First, you're going to see a further reduction in the number fledge that are operating Kellyanne other. Say it may take four to five years for the airline industry to fully recover if it ever does wouldn't another round of payroll support funding for the airlines just delay the inevitable of mass layoffs warmer airline Executive Robert. Man Who is now an industry consultant argues the jobs are worth saving. Job in the airline is probably support somewhere between seven and eleven jobs. Elsewhere, the economy is hospitality in these support technologies in other transportation boats in man warns in a couple of airlines may not survive the pandemic without more federal aid. To Gut check question how much of an economy? Do you want going forward congressional and White House to go shooters? We'll have to try to answer that question this campaign season in which the two parties agree on almost nothing. David Schaper, NPR News Chicago.

American Airlines Chicago United Airlines David Schaper Congress Federal Plaza NPR Republicans America Jeff Highs White House Senate Consultant President Trump Executive
GE Hit by Steep Decline in Jet-Engine Business

WBZ Midday News

00:22 sec | 1 year ago

GE Hit by Steep Decline in Jet-Engine Business

"News. Lori G. E's jet engine division is seeing some early signs of improvement inflect departures on the path to recovery. But it predicts that the gains are going to be slow Both this year and next. The pandemic battered the company's results last quarter losses larger than predicted because the company was hurt by the steep drop in jet engine in its jet engine business travel collapsed. He produces engines, both

Lori G. E
Are airlines clear for takeoff?

CNBC's Fast Money

04:30 min | 1 year ago

Are airlines clear for takeoff?

"Also got some encouraging new numbers from the TSA the agency, screening more than half a million passengers for the first since the coronavirus pandemic hits and Credit Suisse issuing some calls on the space southwest, the big winner getting upgrade as analysts believe the airline is well positioned for a comeback, but the firm downgrading united and spirit so are the airlines clear for takeoff Jeff Mills Holy. Cow United Airlines up twenty percent today. It's interesting, and I just WanNa make the first point which I think is critical at these levels and in this market when you're buying into the airlines, you have to understand what you're doing. What you're doing is buying into a Beta trade, which is completely linked to the reopening so this afternoon. Just for fun. I looked at American Airlines Delta MGM. Casinos, a couple of the cruise lines, and I looked at the correlations. If you go back to twenty, nine thousand nine as an example, then you average. Average out the correlations. If you just do a little matrix, it was point four three, so not that high from the bottom. Those stocks have been correlated an average of point nine six. You're basically looking at the same chart so when you're buying into an airline I don't know that it's anything idiosyncratic relative to the fundamental, so I want to make that point very clear upfront I've been cautious as it relates to the airlines. I think there are some risks as we move into the fourth quarter. Is Business travel going to come back. Are we going to get a second wave of the virus? I think there's this pent up demand right now, so you're seeing traveler throughput increase, but those TSA numbers we above five hundred thousand for the first time we were at about one hundred thousand per day at the depths of the the economic shutdown. Let's not. Not Forget I mean that's good, but this same day in two thousand, nine, thousand nine. That number was two point six million. We have a lot of ground to cover in terms of getting to where we need to be from demand standpoint. Last thing I will say just in terms of picking names within the space I. Think you WanNa. Look at A. A few things you WANNA look at exposure to business travel you WANNA look evaluation. I, also think you WANNA look at exposure to international travel, because that demand hasn't clearly come back yet. The name I think that might be best positioned for all of that is actually south west in terms of their revenue mix exposure to international travel, and their evaluations actually look a lot better. Some of the names like American spirit jet blue. If you look at them from an IT perspective, even that these depressed price levels given the debt that they've added during the last couple of months, evaluations actually don't look that attractive so in a space I don't like much. I think South West might be the name. Michael What do you make that? Wyndham CEO was Unin closing bell, last. Hourani, said leisure travels picking up, and he seemed bookings increase for eight straight weeks, but jeff makes a good point about the business travel. What do you? What do you think that all adds up for for the airlines? Some opportunity here? Stay away no way yet. Well. I, think it certainly depends. Name by name is picking up off such a low level that you know. Those types of increases in percentage terms are going to see material, but that doesn't necessarily mean that certain players in the space are going to be in good shape, taking a look at American for example. You know this is a company where you're looking. Looking at relatively short data debt that's trading at just over fifty cents on the dollar. And what that tells you is that the bondholders still have significant concerns. The reason the equity does so well is because it is coming off such a low level. It's a speculative by as Jeff was just alluding to on a reopening, but that doesn't necessarily mean that in. In the long term, these companies are going to end up being successful. You know if you're looking at companies that have accumulated a massive amount of debt than the enterprise values was talking about might actually be very little change, you know. It was just over forty billion dollars at the end of twenty, nine, thousand nineteen for American. Airlines around thirty eight billion dollars. Dollars now it's just the equity component that's down, but debt has been added of those big carriers. Maybe Delta Airlines is probably the highest quality, but you're really playing with in a very dangerous space when you're dealing with levered businesses that are so closely tied to a recovery and needing that second wave is going to hit them very hard if it comes. So, what do you think PK? You WanNa play a dangerous game. WanNa wait into the airline's. Name more like Boeing you walking away. No, no I want you know it's going to be hands off for me I. Mean Really What you've got here. Yeah, was the retreat here certainly but any asset that's up twenty percent I don't care if it's an airline Boeing or bitcoin up. Twenty percent takes off the table. People I mean take a little bit of profit. Wait for another day in the long run. I, do think these are challenged. All right so you are sending those warning signs

Jeff Mills American Airlines Delta Mgm TSA Cow United Airlines Delta Airlines Boeing Credit Suisse Wyndham Hourani Michael CEO Unin Bitcoin
EU could reopen borders to tourists in Covid-19 recovery plan

BBC World Service

04:03 min | 1 year ago

EU could reopen borders to tourists in Covid-19 recovery plan

"With many European borders closed because the corona virus pandemic the tourism industry already hard hit he's feeling a catastrophic summer but it's not just tourists are affected business travel has taken a hit to answer the European Commission the executive arm of the E. U. is introducing a rescue plan or roadmap today to alleviate the pressure on the economy I asked our Europe correspondent Gavin Lee how the road map could help the tourist industry the three elements to it basically it's about in the words of the the commission spokesperson at a briefing but I've had the rights of individuals for the need to rest relaxation fresh chat and see families in other countries not depends of course on the situation the commission says of how bad the extent of the virus is spreading whether it remains fairly common there isn't a second spike but what we're looking at the setting out a roadmap for tourism and travel and holidays as of this summer so some of twenty twenty I know what's and a couple of the areas includes making sure of course it's slow it's progressive there will be some kind which told of guys that if you're going on holiday somewhere in Europe there should be an indication of what all the coveted prevention strategies in each country that you might go to what all the hotel strategies and also there will be a recommendation the individual hotels start to advertise put themselves on the market in what they can offer your average tourist and holiday maker in terms of conflict prevention cleanliness ability to to sanitize things like that but that should be part of the you know the new holiday approaches for example of these old recommendations so that's one of them and the other thing is about analogs and number of countries fourteen countries have said that because of the pressure off the adult industry give you an exam well I am in Brussels the main advice here Brussels airlines have axed are they going to access a quarter will jobs a thousand staff will go into the open a third of the allied fleet will go as well all the giving money as cash back for people who need refunds for cancelled flights because of coverage the idea was to give vouchers no the EU commission will push back in the meeting today to say no you can make vouchers more attractive more appealing but that should be fundamentally principle of the rights of of somebody to have the money back instead so that service a couple of elements that are looking at as part of the the summer travel plan today so if you are within the E. U. and you want to go on holiday can you go anywhere this is a really good points on this is there are two words or phrases that you might still hear more more one is social trouble bubble a social travel bubble the second is a travel corridor so for example this Friday the Baltic states already putting the borders to each other so Estonia Latvia Lithuania what's been relatively few cases along with Finland already booked to travel in and out of each other's countries so for example Estonia relies on tourists from Finland forty percent of its tourists come up from that so this is a big thing and that will mean free movement for all of those people the Swiss national broadcast today have suggested that they will announce later on that the internal borders between Switzerland Austria Germany and France would also reopen for total travel between them so the idea is that that you you've got almost a either social bubble of of those countries innocent people in those countries going on holiday that briefly travel corridors was put to the E. U. yesterday by my Danish Coley there's been talk of Denmark for example saying that they've had a few cases could I have a simple flight path to Greece was also a few cases the commission says that will be up to member states but they will not recommend it and they would also not recommend quarantine if you fly somewhere but you should have to stay fourteen days in a hotel they said there should be no need for that with the way prevention for coverage I should in theory take place on the grounds of get home sometimes as washing it

More of the world is starting to reopen

BBC World Service

01:07 min | 1 year ago

More of the world is starting to reopen

"Several European countries are taking steps today to ease restrictions imposed over the pandemic in Spain adults will be able to exercise out site in Austria old shops have been reopened Bethany bell reports small shops reopened in Austria two weeks ago but now all schools are permitted to stop business again headdresses in PT sandals also allowed to operate Austrians are now free to leave their homes often looked down restrictions were eased but that's still being asked to keep the meter parts loading to the Hungarian news agency Budapest is opening its borders for business travel from Austria Germany South Korea Poland the Czech Republic and Slovakia in Germany churches museums and playgrounds will open on Monday Singapore says it will gradually begin to ease some measures put in place to contain the spread of cabinet nineteen traditional Chinese medicine practitioners will be allowed to resume some activities from Tuesday while some businesses including Bob as and laundry services will be allowed to operate from may the

Austria Budapest Austria Germany South Korea Poland Czech Republic Slovakia Singapore BOB Spain Bethany Bell Germany
Big Banks, Airlines, March Retail Report

MarketFoolery

11:15 min | 1 year ago

Big Banks, Airlines, March Retail Report

"It's Wednesday April fifteenth. Welcome to mark. I'm Chris Sale with me today. The one and only Andy Cross could see my friend. Hey Chris how're you doing in there? I got coffee. I'm good good to we got. We got a lot going retail. We've got airlines. We'VE GOT ENTERTAINMENT. But we're GONNA start today with the big banks because it's earning season and the as an industry. The big banks sort of lead the way Goldman Sachs and Bank of America both out with first-quarter reports Goldman Sachs profits down. Forty Nine Percent Bank of America can take some small solace in the fact that their first quarter profits. Were only down forty five. Yeah it's it's the real headline I think from the banks. Chris is just the reserve the loan loss reserves. They're taking now in this quarter so when you look across almost all the banks. That's been the biggest hit to the prophet picture. The revenues were somewhere in the flat. Picture for example Goldman revenues were flat. Gp Morgan's revenues were down like three percent wells. Fargo was down down about eighteen percent so the revenue lines weren't such the concern. It was really much more profit picture as you mentioned. And we're just seeing that show up in the earnings per share of these companies but the biggest part for that or these loan loss reserves that these companies have to the banks have to set aside in the expectation that the economic crisis. The pandemic that we're facing is going to cause some of their clients both on the consumer side and the commercial side to not pay their bills and so they had to set aside reserves for that. So when you just look at like what happened with with Goldman their earnings down forty six percent and they set aside nine hundred thirty seven million dollars this quarter. That's almost as much as they sent. Set aside for all of two thousand nineteen and that's four times the amount that aside in the first quarter of two thousand nineteen and you see the same thing across all of the the big banks. Gps set aside an additional six point. Eight billion dollars. It's four point. Four billion in the consumer side mostly for cardholders and the rest on the on the commercial side and across the entire company. That say this is ten billion more in reserves than a year ago. So you're seeing these banks really start to ramp up their preparation for what they expect to be. A very tough market of the next year I would also think in the case for every one of these banks has an investment banking arm. Goldman Sachs is the clubhouse leader and I would think that as we are in this environment where it's really hard to imagine any company going public in the next say at least two months Probably closer to four to six months That's one more thing that a bank like Goldman Sachs has to worry about. Yeah Chris absolutely right. So there's just these very high margin parts of their business that are going to start to see. Oh the fluctuations if not complete drops because that market has really started to soften. What's interesting on the Goldman side and Goldman's really going through this this reform under the new? Ceo Their new their new CEO. The bank is really kind of struggled. It's such A. It's such such known as such a class name in the banking space but the stock has actually struggled and the returns on equity have actually trailed their peers over the last few years. There's a real push by the new. Ceo David Salman to start to really invigorate Goldman Sachs again. So we had this whole plan when he became. Ceo after Lloyd Blankfein just recently and then obviously the pandemic hit so but a bright spot to Goldman or big part. Their business has always been there. Trading revenues and. That's actually been kind of a little bit of an Albatross for them over the past couple years but that actually was a bright spot in the first quarter of the same thing with J. P. Morgan Goldman's trading revenues were up twenty eight percent and JP Morgan is trading revenues. Were up thirty two percent so because of all the volatility because of all the frenetic trading activity were seen in the markets from both institutional clients and consumer clients for the big banks. It's mostly institutions were. We saw these results pop up for some of these. Larger banks like Goldman G. P. M. So that's that was one small bright spot in a quarter. That obviously is showing a lot of pain. Jp MORGAN LONG-SERVING CEO. Probably the most respected name and finances. We've talked about Jimmy Diamond. Chris who had suffered a emergency heart surgery a few months ago and came back to the job right in the middle of the as the pandemic starting to really get going. He put out his earning his his His annual letter. He talks about every year and really try to set the tone for the market ahead of what we the financial institutions and banks will see over the next year because there's obviously a lot of concern With just the just the plumbing and the financial picture of US banks. Let's move on to the airline industry because several airlines including Delta American jet blue and southwest have said that they have reached agreements with the US Treasury Department on part of that twenty five billion dollar plan for payroll grants. Obviously this is Good news for those airlines and The people who work there but it really does seem like this. I don't WanNa call it a band aid but it seems like it is a A relatively short bridge. That'll get them through the next couple of months. Hopefully but all the airlines really seemed like they have their work cut out for them Chris. I think I think bridge a bridge. If not band aid bridge I think is a good term apropos because So of the two point two trillion dollar in the stainless package that was signed into law. Last week were in late March. Now the the airlines are starting to work with the Treasury Department to figure out how they can access that and both in grants and loans and as you mentioned a pretty much all of the airlines all the major ones are going to start tapping into this and this is obviously Anita step for businesses. That are really struggling. You're seen bookings that are downed. Seventy ninety percent capacity in the company these companies have they have taken capacity out from their business both domestic and international. So it's really started. There's a heavy fixed cost and these businesses and when they have nobody flying and nobody buying tickets especially business travel which is really slow down. You're starting to see it now. Show up in the potential future of these businesses. But back to your bridge comment. I think these the airlines when I look at almost all the industries that operate and you think about the recovery patterns. I don't know if we're going to be in a v-shaped recovery or more of a U. shape slow growth recovery of both in the US and worldwide. But I do think. The airlines travel companies of all the industries. They will really be in the most flat shape recovery and I think it'll take a while for consumers to be able to come back into the travel mode get used to going back into airplanes. Get used to going back into airports. Airports Basically over the last ten twenty years have become big retail destinations. And you're seeing now foot traffic in the airports drop off a cliff and that's hurting the retail establish establishments inside these airports so that industry is just going to go along a long way to recover. They they needed this. They needed to be a tap the US government to help them support their business. Because without that you would see massive bankruptcies in the Industry Savan to the retail industry because we got the march retail report. And it was. I think every bit as bad as we were all expecting retail across the board down eight point seven percent in the month of March. That is the worst in history. Worst drop in history and context third on the list is the drop in retail that we saw in November. Two thousand eight and this was more than twice as bad in terms of percentages. And you start going through this. And the and of course the lone bright spot is grocery stores up around twenty seven percent but some of these other numbers in here you look at clothing and clothing accessory down. Fifty percent motor vehicles down twenty five percent. These are not but I kind of like we saw with the monthly jobs report for March and we knew that it was much worse because it really the only started They stopped collecting that data mid month. Same thing with retail. I mean I'm looking at one of my thoughts when I was going through. The march retail report was my God. How much worse is April GonNa? Because then we'll have a full month of this crazy was really devastating report. I guess not too surprising considering what we had seen in in late February and obviously there's our own consumer behavior but just for some context first of all that eight point seven percent number. Chris you mentioned is just a drop from February. So it's a month over month seasonally-adjusted number but historically that if you go back. They've collected this data since nineteen ninety-two if you go back. Usually that month-on-month change is in a small less than a percent change so the average is about point three five percents. So it's it's pretty tight. It's a very tight range. You're talking an average of point. Three percent with a standard deviation so changed from an average of less than a percent. So you really talking a very tight range here. You're talking last month. We saw a drop of eight point seven percent so it's significant compared to the average and not in way outside this the norm of what we see the last few decades so like you mentioned the worst number before this was in the great financial crisis when it was when when the number of fell three point eight and three point nine percent back to back. So we're talking twice as much as that drops it just context that about how significant this was just knowing wh- how we have changed as consumers. It's really pretty. It's evident and now we're seeing a show up in the number so as you mentioned some of the areas really got hit just really just a very significantly and then you see you see spots like grocery stores actually have a very significant ramp because as we continue to spend more and more at the groceries try to stock up in preparation for the quarantine that we are all facing and now still face and then you see things like food services and drinking places down twenty six percent from the month before and obviously just showing there that the real impact and that's having ripple effects because when you talk about ten to twenty percent of the global of the US employment is somehow tied to entertainment travel that area getting back to our airlines business.

Goldman Sachs Chris Sale J. P. Morgan Goldman United States CEO Goldman G. P. M. Jp Morgan Andy Cross Bank Of America Ceo David Salman Gp Morgan Us Treasury Department Fargo Lloyd Blankfein
How Climate Change and the Coronavirus Are Linked

Monocle 24: The Urbanist

10:23 min | 1 year ago

How Climate Change and the Coronavirus Are Linked

"Times of we tend to look for the silver lining for that positive story in the storm as Corona viruses declared a pandemic and citizens remain at home stories. Have begun to emerge of a global dip in co two emissions. Even prompting some hopefuls to ponder if this could be the solution to climate change well maybe even though any dip is positive. Not all is what it seems. Beth Gardner is an environmental journalist and also the author of choked the age of air pollution and the fight for clean future or Beth. Thank you so much for joining us. We're seeing with these headlines about how the world is getting cleaner but I'll be reading see any lasting effects from this. Well it's funny. I mean you're right in saying that these headlines are everywhere and I honestly have already lost track of the number of people who have mentioned to me or send me links or whatever to these things showing that air pollution has gone down significantly as a result of all these lockdowns around the world for preventing the corona virus from spreading. I wrote a book about air pollution. I really understand how powerfully pollution affects our health. And I know that when levels come down like this even if only temporarily that actually really will benefit people in terms of reducing heart attacks and strokes and things like that but even so there is actually something that really bothers me about this focus and this of fascination that we all seem to have with this idea that you know will at least there's a silver lining to this terrible pandemic and pollution is coming down. I mean of course. Pollution is coming down because factories are closed and no one's driving and no one's flying and that's where the pollution comes from. So when you stop doing those things you will get cleaner air and I was out walking in London yesterday on the streets and I have to say it was a real pleasure to be out with very few these kind of noisy. Diesel cars rushing by. And you know the air really did feel cleaner but obviously it goes without saying that this is totally temporary and as soon as the economy starts up again all the stuff is gonNA come roaring back but I was trying to think about what it is that rubs me the wrong way about this point constantly being made and I think it's that it seems to kind of carry the suggestion with it that you know first of all there's some kind of like opposition between humans and the environment and the only way we could save sort of quotes the environment is by this tremendous human suffering and I think it seems to suggest that there's no other way we could have achieved this that we have totally failed as humans to address either the climate crisis or the air pollution crisis. That's affecting our our health so badly that the only way this could have possibly been achieved is through this pandemic that is spreading suffering and fear and destroying our economies and. I just know that that is not true. There are actually solutions available to us. It's not that anyone is advocating for a pandemic but I just think it's really important sort of constantly flagging this supposed silver lining to remember that there are better ways to do this and that we do actually have it within our power to make the changes to shift to cleaner energy cleaner fuels better transportation. All the stuff that could actually bring a more lasting improvement. I guess on the one side. Everything you say is correct. But what's interesting is maybe some business leaders there was a funny cartoon in New Yorker the other day saying got all of those meetings could have actually just been an email it turns out and I wonder actually for lots of people who are running companies or involved in the world of commerce. They will think Joa. We did pretty well with video conference calls. Maybe I don't need to be taking so many flights during the year. Or maybe they even just like you see that the air is cleaner thing. Okay which bits of this change behavior can I hold onto to kind of balance out the equation of it more? Do you think that there may be something from that? That would have a more long lasting impact. Yeah I do think so actually and some of the changes that we've been seeing obviously no one wants a pandemic and widespread lockdowns but some of the changes that we've been seeing particularly businesses moving videoconference people working from home or things that climate activists have been urging for a long time and I spoke to one expert. Who told me that when you have a crisis like this and she was using some examples from the SARS epidemic in China years ago that the changes that stick are the ones that were happening already. Anyway things that were beginning to shift that can be accelerated by a crisis and she felt and I agree that in this case perhaps the change. Most likely to shift is a reduction in business travel and this realization. Like you say that a lot of these meetings that people and conferences that people are flying around the world for. It's actually really unnecessary. It can be easily done by video and that is not only beneficial in terms of carbon emissions but it can also have a really positive sort of quality of life impact to travel any of us who've done business. Travel knows very time consuming. There's obviously something wonderful about being together in person that you mess by video but companies may start to see that this is actually a use of resources that is unnecessary and they can save a lot of money by if not eliminating then significantly reducing business travel moment we did hear from Graviton Timberg the other day say that she thinks she may have contracted covert nineteen but on the whole the campaigners around climate change have not been able to get their voices out yet. We're still going through the panic element with us. And the headlines are roaring away from US and in the coming days and weeks as the world is locked down. I'm sure that those voices will begin to emerge but do think there is anything for the climate activists we saying at this time because they do seem to have gone very quiet well. Yeah I think you're right that you know it's hard to get any other message out right now that is not to do with copay nineteen we've seen extinction rebellion have to call off actions that they were planning for. London and other climate activists as well really having to shift gears a lot. Those Fridays for future school strike kids are trying to do it. Virtually I think that is a danger of particularly a political leaders really being so focused now and you know certainly understandably unnecessarily on trying to cope with the pins. Amec that they lose what was already a very very insufficient focus on climate change. You know we have a big summit coming up at the end of this year. The annual global climate change meeting scheduled to happen in Scotland. I think that it's a little bit up in the air. Whether that's going to occur. We've already seen some of the sort of preliminary planning meetings shift from in person to virtual and I think that that may sort of be indicative of a larger kind of loss of focus. I suppose the flip side is that maybe there are some lessons that we collectively and particularly our political leaders can take from this terrible experience of the pandemic and apply them to climate change. Because I do think that in a lot of ways these are parallel crises. In what way I know that one of the things that you're concerned about is the there. Were people saying you have to be wary of a pandemic. We have to plan and be careful. This is a real possibility and that many politicians denied those calls to feel a little bit. The same then around the calls are being if you don't take action now. Climate change is going to destroy your country's your economies your your way of living that maybe finally there's a chance of people think actually. Let's build a bit more wary about this. Yeah absolutely I mean. These are both crises that scientists have been warning us about in increasingly dire terms for years and years decades in fact in certainly the case of climate change and for the most part our political systems in our political leaders have not really responded and not amped up the necessary preparations so I think that that is a very clear parallel and I you know I hope from this experience of the pandemic. Maybe we will learn. I hope to sort of listen to what scientists are telling us and I think even more specifically than that actually both of these problems are situations of exponential growth and even a weaker two weeks ago when the number of cases for example of Corona virus in the UK was fairly small. The danger was not the sheer number. The danger was the rate of growth. And that is the case with climate change to just as we've seen the number of people falling ill with covet going up and up and up and up so rapidly on this kind of terrifying curve trend line we are seeing that with climate change as well as carbon emissions go up up up and in both cases. There's a lag. There's a time lag where the damage is being done. But you don't actually see the impact sort of out in the world outside your window right away and I think in the case of Kobe. It took a little while but we have now finally learned that you have to act aggressively before the catastrophe is visible. Because once the catastrophe is visible it will be too late to headed off and that we have belatedly. Now I think learned that lesson with Corona virus. And you know. I think it's very concerning that. We don't seem to have learned it yet for climate change so if we can look at covert and see that the danger is that when you have a situation of exponential growth like this you have to act before you can see the damage already being done you know if we can apply that to climate change. I think that would be a really important lesson to

London Beth Gardner Sars United States JOA China Amec Kobe UK Graviton Timberg Scotland
"business travel" Discussed on 860AM The Answer

860AM The Answer

01:51 min | 1 year ago

"business travel" Discussed on 860AM The Answer

"Here in the house president trump is expected to sign an eight point three billion dollar measure to help tackle the corona virus outbreak the legislation would provide federal public health agencies money for vaccines test some potential treatments on the fox news channel last night president trump was asked how badly he things the corona virus outbreak will hurt the U. S. economy could all work out everybody has to be calm the school going to work at in Maryland governor Larry Hogan is a clear in a state of emergency after health officials confirm the state's first three positive cases of corona virus two hours ago Maryland's state public health laboratory confirmed the first a positive cases of coronavirus in Maryland meanwhile results were expected Friday after passengers and crew were tested for corona virus aboard a cruise ship held off the California coast Senate minority leader Charles Schumer got an earful from his colleagues yesterday after warning two Supreme Court justices this week they would pay the price of the voted to support new restrictions on abortion Texas Republican John Cornyn says with threats against public leaders all too common the last thing we need is one of the most powerful men in the country to make a threat against Supreme Court justices Schumer tonight who was making threats but admits to a poor choice of words they didn't come out the way I intended to my point was that there would be political consequences critics note Schumer aimed his words directly at two Supreme Court justices lifetime appointees for home political consequences are of little concern thank new capital who the U. S. economy likely added jobs at a solid pace in February before an escalation of the corona virus outbreak disrupted factories supply chains slowed business travel and heightened economic fears at conoce estimate employers at.

trump Larry Hogan Maryland Charles Schumer John Cornyn president fox California coast Senate Supreme Court Texas
"business travel" Discussed on Bird Road Podcast - All Points West

Bird Road Podcast - All Points West

16:14 min | 2 years ago

"business travel" Discussed on Bird Road Podcast - All Points West

"Right. Right. So I'm always very like when somebody says. Near to mid term, existential threat, human civilization. Businesses usual could lead us over the next thirty years. I'm always very like kind of suspicious of that kind of language, not that I don't think that we should. Absolutely. It's insane that as a as a as a planet where not doing every single one of the. Tactics laid out in the green new deal. I absolutely think we should be doing all the things I should probably be flying less. You know. You know, I look at business travel, and I think about myself, I've been like shuttled around the country over the last six months, or so for all these things that probably could have just been like, teleconference meetings, and stuff like that. Right. And I, I applied my own experience to the larger tens of thousands of flights that happen every day. And you know. What are you gonna do? No. But I it's terrible. I know that we should be doing stuff about it. I just wonder you know, there's a case to be made that for people like me, you and every single person who's listening to this podcast. There's a point of diminishing returns on informing yourself about this stuff. Right. We already know this, and the people in our lives who have been told this and don't believe it us telling them, it isn't going to change anything. Right. We're at a real. Where where we're at a real kind of crossroads where I think just like a lot of people need to die. I it's fucking sucks to say that. But, like a lot of people, first of all, I mean, that in two ways a bunch of people over the age of sixty five they needed. I like like a solid seventy five percent of the but like way sooner than they normally would. Right. Right. Point, you know, obviously we obviously, we, we all know, Thanos is plan from the vendors movies and then just this past weekend. Zillah. Well, no, no. There's this past week has Godzilla king of the monsters, and the I mean, spoiler alert, I'm sure you're not gonna see Godzilla king of the monsters, but the plan of the bad guy was to I'm never going to know. You're not. But the player to the of the bad guys, basically to, to cleanse the earth overpopulation, by by releasing these monsters, you know, and, and I, I wonder if this is going to be a theme through a lot of movies now. You know that we got to make a lot of people die because I really do think that's probably the only solution. The move is this. It's like it's like a it's an Australian guy because this was published by like. Australian people and is just like. The answer some questions talk about simple. Simple solutions for addressing climate change before the year. Twenty fifty. Single largest suggestion is we all have to eat our own. Poop. What everybody has to eat their own. We've done the math. We know we already knew how this will play out a while. We asked that's facing. Existential, this is New Zealand accent? Zielenec mix of New Zealand and JFK. The only way out of these calamity. Somebody stands up in the focus Australia. Guys who fucking see. I don't know what you're talking about me. Clearly from Australia from Australian from us trillion, you can tell my funny accent. Just like this. I work at seven eleven. Pretty sure that New Jersey. Yeah, this is horrifying. What about my article that I shared with you? Where one of our favorite coming back to Florida because. Another. Existential thing that I like to talk about our podcast that I think is worthy of discussion is like, how do we describe ourselves? Because in the first couple years, we've been like this is a podcast about friendship, and that's really borne out to be the case. Right. But one of the things that we are definitely about as politics, Florida. And reading from the Miami, New times, Jerry, Jerry's articles, actually. Is about. Well, I'll just read it. Don't trample the rights of law abiding milkshake owners who want milkshakes for self-defence over the weekend. Some of the some of antifa, halide some sort of antifa, allied criminal through what appears to be a Cup of cranberry juice at a panhandle congressman, Matt gates, you might be tempted to laugh, you might say that when covered in lukewarm ocean, spray, he looks like the melting Nazi from the end of Indiana Jones and the raiders of the lost ark. But don't snicker nothing about this is funny. No one should laugh, when picturing a half Cup of sugar. Juice, walloping, the get the site of gates tombstone size head in slow motion don't do it. I don't wanna take the piss out of Jerry's article, but what he's what he's making the point of his here. The UK and other places where people are either egging or hitting milkshakes. Hitting with milkshakes. These right wing like terrible politicians who absolutely deserve it. There's been this back. Clash of, you know, calling calling it violence and trying to outlaw with, you know, extreme measures and legislation. Well, you know, that kind of that kind of zealous activism, never seems to come in the wake of gun violence Friday. Right. Real violence. So, again, not to not to take the piss out of Jerry's article. But that that's the point of maquis. It's absolute piece of shit and should be hit with every fucking milk, shake, or smoothie, or whatever it was. But yeah, you can read Jerry's article on a Miami, New times dot com. The headline is don't trample the rights of law abiding milkshake owners who want milkshakes self-defense just one of the point doesn't look like it was a milkshake that was hit with looks more like a. Like frozen, not frozen smoothie, but more like a like a like a seven eleven. Almost like a sonic drink. Yeah. Yeah. Looks more like the which is actually probably more sticky gross. But, you know, God, I can't imagine anything more disgusting than a slurpee. That he meant to be hit with just to drink. Imagine what it would do to your tummy. Bad things I'd be fucking. I would just be a would be a. Fountain. Would it would triple in volume once the insiders stomach, you know, those. Those types of sprinklers on the that, that, like, kinda clap shut, and they like that, like the sprinklers. They do this thing here. Kids play around the kids play around them. They're like they're like the uneven stream and interrupted stream think it's slapped by, like a little piece of plastic, like goes out in spurts. I'd be two of those. Be two of those. Just blasting everywhere. If I if I got a fucking slurpee me. I see motherfuckers walking around on the street in the summer in Miami was slurpee is in their hands. And I gotta wonder how they got there like what were the circumstances that led you to be? Here's a question. I know you're not a parent and you never will be. And that's a very, very good thing. Yes. But. Imagine for a moment. Here's a what would you do change my name from David unionist? John can Yoenis real quick. What would you do? I saw today when I was driving home in kind of sketchy part of town, where the parenting standards are probably dictated by, you know, the general lack of access to money, and, you know. It's the way it is in the hood, right? I mean, like I grew up in different hoods variously in different times in my life. So I know this I know of what I speak. Not everything can be the fucking Pocono stiff. Right. So. Saw mom woke up to car with what looked to be like a twelve thirteen year old daughter. She kind of looked into the car had, like a very brief conversation with the driver of the car, the little girl got in the back seat and the car took off. And I saw that the car was an Uber. So this mom, just put her daughter, who looked like maybe she was going to, I don't know, like like a soccer practice or basketball practice or something like that put the daughter in Uber. What's your thoughts about that? Like that sounds like a terrible idea. Right. Sounds like a terrible idea. But it also kind of sounds like like back in the day when you put your kid on a bus or something like that. I mean yeah we did. But I mean like there's accountability with buses. Let's I mean like the bus driver had to be like a licensed driver with the with the with the city. Yeah, I suppose that's true. I mean. But I guess nobody getting on the bus had to be licensed and who knew who is getting on the bus, I took public transportation, probably starting at, like not counting the school bus. I mean like city bus or subway. Probably like maybe nine or ten or eleven I don't know, people say the show all the time, you don't hear anything about this because you don't you don't have kids, but I hear this all the fucking time. Do things are different now things. There's this constant refrain about things being different now. Right. Right. And I kind of don't buy into and I don't get me wrong. You're not gonna catch me at fucking any point. Putting my kid on a bus or on in an Uber alone. But I am an upper middle-class person. I don't have to do that. And. I live in sort of a suburban area. Right. I think things are less dangerous now. And I think that pretty much every statistical you know, model that measures that kind of stuff suggest that the United States has become not just a little bit less dangerous, but like vastly less dangerous other shit about haven't watched it yet, but I want to this diverse a show about the central park five. Remember how much I know you have that whole thing where you don't remember anything before nineteen ninety-five or whatever. But right. But do you remember any of that, like that was big front page news when we were kids in the area of where we lived in the tries? Yeah, I, I remember it as a thing. I don't remember many of the details though. Yes. So central park, five were five. Black and Latino kids, that were accused of a crime that they didn't do raving this jogger and central part, very famously Donald Trump than, you know, a well known. PR businessman guy who's out there on the front page of the National Enquirer, creating stories about himself to Bill to boost his Brent very famously took out a full page ad in the New York Times saying that we should that this case is a perfect example for why New York should bring back the death penalty. Which, you know, sure made him look silly. You know, years later when it turned out that those kids were exonerated. And thank God that we never put any trust in that man for the important stuff in the future, the and the end. So. But if you throw yourself back in that moment of the early nineties, there was that crime was bad, like, really bad violent. Crime was out of control. The whole, you know, super predator late motif has sort of started to trickle into the consciousness. I mean, there was various versions of the crime, Bill, ultimately Clinton passed his crime Bill which was. Like, you know, responsible for millions in what would be millions, and millions of people mostly, you know, mostly black and Latino people be put behind bars for very small drug related offenses and turned us into like this really, really punitive country. We were kind of already on that track like we are heading there anyway. And a this just sort of hit fast forward on that process, and didn't give us any time to think, and it was an overreaction. I think most people who are experts on that subject. I'm not one of, but I listen and keep my ears open and, and I know things folks and. I think that most people agree now that the, the crime Bill and other the raft of legislation on a state level and on a federal level that, that came about late eighties early nineties was a gross overreaction to, to the, the problem of crime. And a lot of people have talked about why crime subsided. But it did. I mean, it's a thousand times safer, not a scientific measurement, but it's a thousand times safer now than it used to be people aren't murder. I mean, like I don't know how to explain it to people were, there twenties that, when we were kids, people were, like good it in the street and murdered for no reason, and that, like, we also came up at the time during the time of dare. Right. Went I mean I don't know. Do you were in Deir? Right. Sure. Yeah. And they told you that smoking weed, one time could kill you. I would say that there actually was pretty successful with me, anyway, because when I met you, you were still brainwashed. Yeah. Well, I mean I smoked weed and still do I won't do anything else because I think it's all going to make me see bugs crawling all over my skin. And then I'm gonna rip my skin off. I mean it's forever to get you to heroin. Yeah. You really held out. So. Yeah. Or go with this. Along for the ride. I don't even know either. What else is new? I remember what my point was. About narcissism earlier. I saw recently every once in a while one of these things, pop up still, even like there was a there was a month. No, I'll give it more than that. There was a half year a six month period in twenty fifteen where everybody was using bit mode. Oh, yeah. Yeah. Ed now, every once in a while somebody will still just like kind of a time capsule or like just..

Jerry Miami Florida Bill New times Australia New Jersey New Zealand soccer UK Thanos heroin Donald Trump a. Fountain United States David unionist
"business travel" Discussed on WSJ What's News

WSJ What's News

01:45 min | 3 years ago

"business travel" Discussed on WSJ What's News

"That also includes their narrow a couple of narrow-body Airbus models, and they're bringing on a new plane and regional jet will be fifty of them that is a fifty seat plane that will truly have two classes. So they'll be real first class on that. And they'll use that on some of this smaller in some smaller cities that connect to their hubs and one of those flights at least originates from Bentonville, Arkansas. Which is where WalMart is based how how does WalMart exactly in? That's the one route that United identified so far and the said that they feel they're not picking up the same level of business travel as some of their peers leaving out of that airport in part because you know, they'd have flyers who are booking business class to get to go from Bentonville to Hong Kong. And if they're fine United the first leg of the trip would have to be coach. So United was concerned that that was driving people to other airlines to competitors. This way a business flyer. Someone who works at WalMart's or you know, maybe one of the suppliers student visist WalMart cans sit in first class for their whole trip. If they like, that's right these planes, these new planes, fifty Bombardier CR j five fifties. Why exactly is United sort of behind the curve on? This just limited seating options of white wire. They trailing the other carriers. Well, this is something that all of the carriers have been looking at doing. In are in various stages of rolling outs. Delta has really subdivided it's cabin into several different inches. All the airlines were trying to sort of identify smart smart groups of customers that are willing to pay for different levels of service. So arguments that they'll be sort of something for everyone from someone who wants to pay.

WalMart Bentonville Airbus Arkansas Delta Hong Kong
"business travel" Discussed on WSJ What's News

WSJ What's News

02:08 min | 3 years ago

"business travel" Discussed on WSJ What's News

"Travelers will have more on this in a moment. I hear some headlines in a state of the union Tuesday. President Trump renewed his call for a wall on the southern US border, but did not repeat his recent threats to declare an emergency striking a less rigid tone in his first address to a divided congress. Mr. Trump called for both parties to work together compromise and reach a deal to pass a spending Bill including funding for the project, but he suggested some flexibility on how long and what it would look like the address carried less of a dark tone than the president typically adopts in rally speeches, Mr. Trump hailed the strength of the economy and called for both parties to work together on infrastructure, and trade, but he double down on his description of illegal immigration, which he said was causing lethal drugs, and savage gangs to pour into the country, Virginia attorney, general, Mark herring. Apologized Wednesday for dressing up with his friends in wigs and Brown makeup to look like rappers at a college party in nineteen eighty the third blow to the state's democratic leadership in less than a week. The disclosure comes democratic governor. Ralph Northam tries to fight off widespread calls for him to resign over a racist photo and his nineteen Eighty-four medical school yearbook on Sunday an allegation emerge that Lieutenant governor just in Fairfax sexually assaulted a woman in two thousand four Mr. Fairfax has denied the claim saying he and the accuser had a consensual sexual encounter for the latest go to our website wsJcom. General Motors said its fourth quarter operating profit fell eight percent as strong sales in the US were offset, by weakness in China, the carmakers revenue and earnings per share came in above analysts expectations GM said strong pricing on pickup trucks and crossover SUV's in North America. Drove results though, a twenty five percent drop in China sales during the quarter hurt the bottom line. By about two hundred million dollars. Tesla has cut the price of its mass market model three sedan for the second time this year, the Silicon Valley automaker shaved another eleven hundred dollars off the cheapest version of the model three lowering the price to forty two thousand nine hundred dollars last month. Tesla lowered prices by two thousand dollars for the entry.

President Trump Tesla US Ralph Northam Mr. Fairfax China General Motors Mark herring president Virginia North America attorney forty two thousand nine hundre two hundred million dollars eleven hundred dollars two thousand dollars twenty five percent eight percent
"business travel" Discussed on Dots, Lines & Destinations

Dots, Lines & Destinations

04:00 min | 3 years ago

"business travel" Discussed on Dots, Lines & Destinations

"And it could have been even more embarrassing if they publish them because I mean, think about how how much airlines focus on downturn in business travel. How much it impacts their bottom line? Delta came out and said government shutdowns costing twenty five million a month in part because of government travelers not going, but then on top of that the business travelers that consult to them and all those other things not traveling, right? All the vendors all the vendors. So. I want to come back to that thought about the government shutdown in a second. But while we're talking about United getting sassy in their earnings, and they did Oscar also the CEO opened the earnings call with what a difference year makes basically bragging about how well they did. So it'll be interesting to see if they can pull up and they got a little swagger to them. I mean, someone justified finely. Well, yeah, I think, but I think you have to be careful, but that sort of stuff because they've done poorly in the past you have one quarter where you'd be all your your competitors. I don't know that that's the time to brag quiet. You gotta be careful, but it's at a time when the on the heels of both of their major competitors saying how bad they're doing. It's not just that they beat them as their competitors said, we're sucking right now and to come out ahead of that substantially. I get it. But I'm with Steve a little bit on like, why don't you put up? Good numbers for a concern. He's you know, part of Oscar's thought was it was annual is right? It wasn't just the one quarter by in the win was mostly just the one quarter. Yeah. And he was quoted saying that a lot of the changes they made in twenty eighteen that led to the good quarter will feed into twenty nineteen as well. I mean agree with the hubris part because I think one of the things that has gotten delta trouble in the past their level hubris. So there's something be saying something about being modest in. So I miss the delta say why they were expected to most expectations were very high. I don't think the government shutdown configured in yet that only started at the end of number so to figure softer demand is the generic d use a generic term was close in bookings were lower in December. So interested in seed, what exactly that works out to the other thing that they? United said that like the for Kirby said like the first week back after new years is always an in. They use it as sort of a bellwether indicator of how things are going to go for business travel because that when budgets refreshed and people are back and started booking travel for the year and numbers were actually up for United. It didn't say what the numbers were anything else. But he seemed pretty confident. So we'll see what comes out of that. Going back to the shutdown. There's an I added this to the I added this and didn't tell you what I'm gonna mention here. So yeah surprise. There have been a lot of post online in the past couple of weeks of airlines and airports now buying meals for air traffic, controllers TSA employees because they're not getting paid while they're at work now. And I'm up to minds on this one is it's lovely. It's nice to help people out when they need it. Clearly these folks need it right now. But the other one is it almost seems like it's gotten into a little bit of a like, no, we can do nicer things. We can do. Nice things we like all of these employees too. And I I wonder. I I absolutely believe that it's all being done for the right reasons. But there's a little part of me that wonder about that. And I don't know if you have any thoughts or wanna just let that go. I mean, isn't everything political these days? Yes. Certainly not to discredit the. The generosity. Yes. The generosity of the acts. But at the end of the day, even generous can I think it started as a noble thing? It's just become a police thing. And it's interesting..

Oscar Delta United Steve TSA CEO Kirby one quarter
"business travel" Discussed on Dots, Lines & Destinations

Dots, Lines & Destinations

04:03 min | 3 years ago

"business travel" Discussed on Dots, Lines & Destinations

"So what you're saying is the reality is the number so way bigger than these, and it could have been even more basing if they publish them because I mean, think about how how much airlines focus on downturn in business travel, and how much it impacts their bottom line. Delta came out and said, the government shutdowns costing twenty five million a month in part because of government travelers not going, but then on top of that the business travelers that consult to them and all those other things not traveling, right? All the vendors all the vendors. So. I want to come back to that thought about the government shutdown in a second. But while we're talking about United getting sassy in their earnings, and they did Oscar also the CEO opened the earnings call with what a difference a year makes basically bragging about how well they did. So it'll be interesting to see if they can pull up and they got a little swagger to them. I mean, someone justified finely. Well, yeah, I think, but I think you have to be careful about that sort of stuff because they've done poorly in the past you have one quarter where you'd be all of your your competitors that that's the time to brag, quiet. You gotta be careful, but it's at a time when the on the heels of both of their major competitors saying how bad they're doing. It's not just that they beat them as their comparative said, we're sucking right now and to come out ahead of that substantially. I get it. But I'm with Steve a little bit on like, why don't you put up? Good numbers for a concern. He's you know, part of Oscar's thought was it was annual is right? It wasn't just the one quarter by in the win was mostly just the one quarter. Yeah. And he was quoted saying that a lot of the changes they made in twenty eighteen that led to the good quarter will feed into twenty nineteen as well. I mean, I agree with the hubris part because I think one of the things that has gotten delta trouble in the past as their level hubris. So there's something be saying something to be said about being modest in the so I miss the delta say why they were expected to most expectations were very high. I don't think the government shutdown configured in yet that only started at the end of Semper. So to figure softer demand is the generic DU's generic terminal was close in bookings were lower in December. So interested in seed, what exactly that works out to the other thing that they? United said that like the for Kirby said like the first week back after new years is always an in. They use it as sort of a bellwether indicator of how things are going to go for business travel because that when budgets refreshed and people are back and started booking travel for the year and numbers were actually up for United. Needed it and say what the numbers were anything else. But he seemed pretty confident. So we'll see what comes out of that. Going back to the shutdown. There's an I added this to the I added this and didn't tell you what I'm gonna mention here. So yeah surprise. There have been a lot of post online in the past couple of weeks of airlines and airports now buying meals for air traffic, controllers TSA employees because they're not getting paid while they're at work now. And I'm up to minds on this one is it's lovely. It's nice to help people out when they need it clear. These folks on need at right now. But the other one is it almost seems like it's gotten into a little bit of a like, no, we can do nicer things. We can do. Nice things we like all of these employees too. And I wonder. I I absolutely believe that it's all being done for the right reasons. But there's a little part of me that wonders about that. And I know if you have any thoughts or wanna just let that go. I mean, isn't everything political these days? Yes. Certainly not to discredit the. The generosity. Yes. The generosity of the acts. But at the end of the day, even generous acts can I think it started as a noble thing? It's just become a police thing. And it's interesting..

Oscar United Delta Steve DU CEO TSA Kirby one quarter