21 Burst results for "David Gura"
Marketplace with Kai Ryssdal
"david gura" Discussed on Marketplace with Kai Ryssdal
"This final note on the way out to date one does hope they will avoid easily paradigm lines like fortune favors the brave, hello, Matt Damon, but with the crypto implosion booze ads seem to be taken over a lot of the Super Bowl ad inventory and remember it's not going to be bud wise with the beer company gave up on its 33 year deal with the NFL back in June, so we're going to see Miller and Heineken Remy Martin cognac and crown royal whisky among others. I, by the way, I'm taking the chiefs. All right, we gotta go, here though, is your moment of economic context comes to us from David gura, one time staff reporter here. One time Friday regular, now works, you know, somewhere else. He posted this on Twitter today and update from Fitch, the ratings company. Here's what they said. Fiscal tailwinds that helped U.S. sovereign debt to GDP to fall in 2022 following the COVID-19 shock are fading. The translation there, we've got more debt and a slowing economy. Our daily production team includes levy burdett Andy Corbin, Richard Cunningham Nicholas gion, Maria Hahn horse, Sarah lease and Sean mchenry and daisy palacios. I'm ky risdale, we will see you tomorrow, everybody. This is 8 p.m.. When was the last time you took an econ class? I'm David brancaccio host of the marketplace morning report. Personally, I haven't taken econ one O one since I checked since Jimmy Carter was president, and I said our personal goal to brush up, we pull together some basics in our new crash course. It's free to sign up and you'll get free emails that you can work through at your own pace. By the end, we'll both learn the economic principles behind the news. Join me at marketplace dot org slash crash course today.
WABE 90.1 FM
"david gura" Discussed on WABE 90.1 FM
"Those floodwaters recede. All in all that we got pretty lucky in this historic city because we did not take the direct hit, South Carolina public radio report of Victoria Hansen. The director general of the nuclear power plant in Ukraine has been detained by Russian military. That is, according to the head of Ukraine's state nuclear agency, NPR's cat lawns door reports the director general's whereabouts are unknown. The director general ior Moore shop was on his way from the plant to the nearby town of anur hodor where much of the plant staff lives, when he was stopped by Russian soldiers, taken out of the car and blindfolded, said the head of Ukraine's state nuclear agency in a statement on the telegram messaging app. The statement went on to stress that murakami is the main person in charge of safety at the plant, and that his detention puts the whole facility in danger. Russia has occupied the nuclear power plant and the area surrounding it since March and reports have indicated possible abuse and even torture of the Ukrainian staff. Catelyn storm and peer news, Kyiv, Ukraine. North Korea has fired two short-range ballistic missiles it's a fourth round of North Korean weapons launches this week. The U.S. and Japan and South Korea have been conducting military drills nearby, and vice president Harris just visited the region. Stocks continued to fall during the last week of the quarter, the S&P 500 ended the week down by 2.9% as NPR's David gura reports there were steep sell offs in most assets around the world. The Dow Jones Industrial Average and the NASDAQ lost ground this week, each fell by more than two and a half percent, as Wall Street worried anew about the Federal Reserve's fight against high inflation. The latest inflation gauge came in higher than expected, and they were dramatic fluctuations in the values of currencies worldwide. After the British pound fell to a record low against the dollar, the Bank of England stepped in, starting a new bond buying program with the hope that would contain the fallout. In the U.S., the yield on the ten year treasury was higher than 4% for the first time in more than a decade. David guray, NPR news, New York. This is NPR news in Washington. Former president Jimmy Carter celebrates his 98th birthday today from member station W ABE in Atlanta. Christopher alston has more on the longest living U.S. president. Carter lives in his childhood hometown of plains, Georgia, with his wife of 76 years, rose Lynne Carter. The carters continue to stay engaged in political and social issues through the work of the Carter center. The humanitarian organization they founded in 1982. Carter won the Nobel Peace Prize in 2002 for his work in human rights and international conflict resolution. The longest married presidential couple have nearly achieved their decades long goal of eradicating Guinea worm disease caused by unclean drinking water. Earlier this year, the Carter center reported about a dozen cases remaining in the world. The 39th president and First Lady made a rare public appearance in his hometown last weekend for the annual planes peanut festival. For any of your own news, I'm Christopher alston in Atlanta. The nation's new military recruiting year starts today with the U.S. Army hoping to do better than it did last year. The army missed its recruitment goal by about 25% this year or 15,000 soldiers. The other U.S. Military services met their targets, although not as robustly as in previous years, army secretary Christine warmouth told the AP that its anticipated the all volunteer army will maintain national readiness and meet the requirements of national security, but if low army recruiting continues to be a challenge active duty forces will be augmented by the guard and reserve. I am Louise Giovanni and PR news, Washington. Support for NPR comes from the NPR wine club, where members can explore wines from around the world with stories behind each one and bottles inspired by favorite NPR shows. Available to adults 21 or older. NPR wine club dot org. You're listening to weekend edition on WAB I'm Susanna Kappa luto good morning Russia's illegal annexation of Ukrainian regions may further complicate life
WABE 90.1 FM
"david gura" Discussed on WABE 90.1 FM
"Law enforcement, including the men and women of the FBI as with any law enforcement agency are deplorable and dangerous. Congressional Republicans have come to Trump's defense in recent days, accusing the government of going by way of the Gestapo in calling to defund the FBI. The Justice Department's investigation is reportedly linked to Trump's handling of classified documents before he left The White House in 2021. Attorney general Merrick Garland is expected to speak at this hour. More new data is showing inflation is easing is sending stocks on Wall Street higher today. The Dow Jones Industrial Average is currently up 43 points NPR's David gura has more. Wholesale prices rose at a slower pace in July, the producer price index was up 9.8% from a year earlier. That's less than what Wall Street expected and lower on a year over year basis than in June. A big reason is energy prices have come down. Something that also slowed the rise of consumer prices. The national average for a gallon of regular gasoline is back under $4, according to triple-A. The Federal Reserve has been hiking interest rates aggressively to fight high inflation because of the latest data Wall Street expects the fed may raise rates by less than three quarters of a percentage point at its next meeting in September. David gura, NPR news. The Arctic is warming nearly four times quicker than the earth as a whole. That's according to a new study, NPR's Rebecca hirscher reports that's faster than scientists previously thought. Computer models of climate change generally suggest that the Arctic is warming about twice as fast as the planet as a whole. But a new study suggests that's a serious underestimate. The research by scientists in Finland published in the journal communications earth and environment finds the Arctic has warmed nearly four times faster than the planet overall, since 1979. That's bad news for all humans, even if you live far from the Arctic, says climate scientist Richard Davy, who was not part of the new study. What happens in the Arctic doesn't just stay in the Arctic. Weather patterns around the world are changing as the Arctic heats up. Rebecca hirscher NPR news. Applications for unemployment benefits rose for the second straight week, the Labor Department says jobless claims were up by about 14,000 last week. Economists say the latest figures are still below the range that would signal a slowdown in the job market. On Wall Street, the Dow up 32 points, the S&P down a point. This is NPR. Heavy rains have forced the popular Cape Cod resort of provincetown to declare as sewer emergency. Officials have ordered restaurants and bars along a section of its waterfront to close immediately. All public restrooms will also be closed today and Friday. Officials say the shutdown which comes during the peak summer season is necessary to prevent a further public health emergency. A fresh dispute has broken out between South Korea and China over U.S. missile defenses, NPR's Anthony Kuhn reports the U.S. deployment of missile defenses to South Korea in 2016, has been a major irritant in relations between Seoul and Beijing. At a meeting of their foreign ministers this week, China and South Korea agreed not to let the terminal high altitude area defense or thaad missile defense systems become an obstacle to bilateral ties. But the two sides disagreed about the details. Beijing has long argued that the thaad systems radars can be used to spy on China. It also claims sole promised in 2017 not to deploy more than missiles and restrict the use of those already in place. Seoul says it made no such promises. Besides soul argues, the Thad system is to defend against North Korean missile threats, and matters related to the country's self defense are not open to negotiation. Anthony Kuhn in PR news soul. A nationwide curfew has been declared in Sierra Leone amid violent anti government protests. Videos on social media show hundreds of demonstrators clashing with security forces on the streets in the capital
WABE 90.1 FM
"david gura" Discussed on WABE 90.1 FM
"Keep them in check. For Wednesday, August 10th, this is all things considered from NPR news. I'm juana summers and I'm Elsa Cheng Kabul fell to the Taliban one year ago this month, a look back at how that day unfolded through the eyes of the person in charge of security at the Kabul airport. And as we ran on to that airfield, there they were about three to 5000 panic civilians right there in our doorstep. Plus since former president Donald Trump announced that the FBI searched his Florida home, some social media platforms have been full of right-wing speculation and militant rhetoric. The calls for Civil War basically you could swap out the tweets and fairly noticed a difference. First, these news headlines. Live from NPR news in Washington I'm Lakshmi Singh. Former president Donald Trump's deposition is over. He's left the building where lawyers from the New York attorney general's office had been questioning him about his family business practices in a long running civil investigation. Trump said shortly after arriving this morning he planned to invoke the Fifth Amendment against self incrimination and decline to answer questions. The New York Times reports that as Trump's motorcade pulled out of the garage of 28 liberty street, he encountered scattered jeers and cheers. And Pierre's Andrea Bernstein has more on today's deposition. The former president traveled to the state attorney general's office in Lower Manhattan for a long delayed deposition, but refused to give any substantive answers in the inquiry into long running fraud at the Trump organization. Instead, Donald Trump said on social media under the advice of counsel, he declined to answer questions. The move was expected, in a previous deposition in the same case, Trump organization executive Eric Trump also invoked the Fifth Amendment 500 times. The New York case is a civil case, which means unlike a criminal case, investigators can make an adverse inference when witnesses refuse to answer questions under oath. Andrea Bernstein and PR news New York. The Department of Justice says Trump's former national security adviser, John Bolton was the target of an Iranian backed assassination plot. U.S. officials say they've charged a member of Iran's revolutionary guard identified as charon per safi. Millions of U.S. veterans who've been harmed by toxic exposure to burn pits and chemicals will receive expanded healthcare and disability benefits under legislation, President Biden signed into law today. This is the most significant law our nation has ever passed. To help millions of veterans are exposed to toxic substances during their military services. The president says the pact act is a sacred obligation of the men and women who have sacrificed in service to their country. Some military families and a high profile advocate comedian and activist Jon Stewart were also present during the signing. Stocks close higher after new data showed inflation eased in July, we have more from NPR as David gura, all three major indexes gained ground after the Labor Department released the CPI data. In July, the consumer price index was up 8.5% from a year earlier, less than Wall Street expected and lower than the year over year number in June. It reflects falling gasoline prices, according to triple-A, the average price of a gallon of regular gas is down a dollar from its record high in June. But food prices continue to climb, and so did rent. The Federal Reserve has been hiking interest rates aggressively to bring down inflation, and before its next meeting in September, fed policymakers will see one more CPI report and another jobs report. David gura, NPR news. The Dow has closed up more than one and a half percent NASDAQ and S&P above 2%, its NPR news. From WAB news in Atlanta, good afternoon. I'm Jim Berg or time now is four O four. Stacey Abrams has tested positive for COVID-19. Her campaign says she's experiencing mild symptoms and is fully vaccinated and boosted. Abrams tests daily for COVID and had negative results earlier this week, the democratic nominee for governor delivered a policy speech in Atlanta on Tuesday, well now Abrams will be off the campaign trail isolating at home. Well, before she tested positive in a speech, she said she wants Georgia to legalize casinos and sports betting to help pay for higher education, WAB politics reporter raul valley says Abrams announced the idea during a speech on the economy Tuesday evening. Stacey Abrams told a crowd at an Atlanta brewery that she would push for free technical college education and to fund needs based scholarships. I know these plans for technical college and need based aid are only as good as our ability to pay for them long term. And that is why I am calling for a constitutional amendment to allow sports gaming and casinos in Georgia. She says the money could also be used for expanding the hope scholarship. Abrams said it's also
WNYC 93.9 FM
"david gura" Discussed on WNYC 93.9 FM
"Biden administration knows that's going to be a problem for them as for Democrats broadly as we approach the midterms. And of course, David my day job, I cover The White House. And so this week, the Biden administration, it seems went to quite great lengths to make sure that reporters keep in mind that even if we see two quarters of negative growth, that that does not necessarily mean we're in a recession. Yep. Oh, David Are you there? Yep, go ahead. You're back. Sorry, President Biden's advisers try to get ahead of this reports, but I guess we could call a pre bottle. Treasury secretary Janet Yellen appeared on NBC's meet the press on Sunday. A recession is a broad based contraction that affects many sectors of the economy. We just don't have that. And she pointed to consumer spending, which is continued to grow credit quality, how households are doing and a jobs market that is still very strong. In June, the economy added 372,000 jobs. Challenge for The White House is a majority of registered voters believe we're in a recession already given slow and growth and high inflation. And I head to the midterm elections Republicans are saying Democrats here are making a semantic argument when people are suffering. Well, what is the commonly accepted definition of a recession? This is tricky. There is no universally agreed upon definition, the official designation of a recession in the U.S. is made by a committee of 8 economists from a private nonpartisan group called the NBER. That's the national bureau of economic research. And that organization says GDP is an important factor, but they also take into consideration other economic indicators, income, for instance, how much factories are producing and the unemployment rate. You know, the problem with relying on the NBER's call is, it tends to take a long time. Many months for those economists to make that official determination. So there's a lag. It usually happens well after business leaders and the rest of us see signs a deep downturn is underway. So David, we have been speaking quite a bit here about the definition of a recession. And what economists say, but leaving that aside for a moment, how would you describe the overall economic health of the country? Yeah, in some ways, it's doing well. Again, the jobs market is strong, hiring is solid, the unemployment rate keeps falling last month. It was at 3.6%. That is really close to where it was before the pandemic, spending has held up. People are traveling. They're going out to eat. They're doing summertime things. However, inflation is still red hot. The worst that it's been in four decades, up 9.1% last month from a year earlier. That's wiped away wage gains, and it's having a real impact on living standards. Home prices keep soaring, so does rent the stock market has plummeted so retirement accounts have taken a big hit. And I want to come back to sentiment, how people feel about the economy right now. This matters. Can people afford higher priced food and gas? They have jobs, but are they good jobs that pay well? The answers to these questions are critical and matter more to people as but certainly at this moment than a highly technical definition. That's NPR's David gura, thanks so much. Thank you. It's hot in the Pacific Northwest. So hot that Oregon's governor declared a state of emergency across much of her
WABE 90.1 FM
"david gura" Discussed on WABE 90.1 FM
"Few peaks of sunshine otherwise mostly cloudy and more rain with a high of 62 Live from NPR news in Washington I'm Windsor Johnston Ukrainian president volodymyr zelensky received a standing ovation today after he delivered an address to Britain's House of Commons zelensky told lawmakers that his country will continue fighting whatever the cost After his speech British prime minister Boris Johnson reiterated that military support and sanctions against Russia would continue until Ukraine is free We will employ every method that we can Diplomatic humanitarian and economic mister speaker until Vladimir Putin has failed in this disastrous venture and Ukraine is free once more Russia's state owned news agency is reporting that Moscow will observe a pause in fighting Wednesday morning local time and is prepared to facilitate humanitarian evacuation routes from a number of Ukrainian cities including the capital Kyiv Fast food giant McDonald's says it's temporarily closing its restaurants in Russia in response to its invasion of Ukraine and PR's David gura has more McDonald's says it operates in 850 locations across Russia and the fast food chain employs 62,000 people there It opened its first restaurant in Moscow in 1990 When the statement the company's CEO says it's going to pause its operations in Russia and he adds its impossible to predict when we might be able to reopen McDonald's says it plans to continue paying salaries while it's closed something it's also doing in Ukraine Since the war started dozens of U.S. based companies have made the decision to stop doing business in Russia including Apple Levi's and GM David gura NPR news New York On Wall Street the Dow was down 184 points This is NPR From wbab E News in Atlanta good afternoon I'm Jim burris for time now is 5 32 A park with a view of midtown Atlanta is open to the public on the northwest side again after being fenced off for more than 25 years Molly Samuel has the story The grassy hill next to a reservoir and water treatment plant is one of the highest points in the city It's a spot where visitors can look over streets and trees to enjoy a skyline view But since the Atlanta Olympics it's been off limits surrounded by a security fence We had temporary fences go up in 1996 It's the most permanent temporary thing I've ever seen in this city George caloris found out about this place when he moved to the neighborhood about ten years ago.
WNYC 93.9 FM
"david gura" Discussed on WNYC 93.9 FM
"Urgent supply of anti missile and military aircraft systems to clear the skies from invasion and we will handle the land occupation easily That is volodymyr Yan with the territorial defense units in Kyiv Stay safe Thank you very much Thank you all the best Russia's assault on Ukraine and resulting sanctions are the reason many international companies are leaving Russia Here's NPR's David gura The U.S. and its allies are twisting a vice on Russia's economy restricting access to currency reserves and kicking banks out of swift a global network financial firms use to conduct transactions The value of the ruble has plummeted more than 20% against the dollar and many big companies have decided it's all but impossible to do business in Russia They just don't feel the risk is worth it anymore Dan tannebaum is the global head of sanctions at the consulting firm Oliver Wyman What started with an announcement from BP that it plans to unwind a 20% stake in a Russian oil company has led to what seems like a torrent in the days that have followed Exxon plans to end a big project off Russia's coast Volvo says it won't deliver any cars to the Russian market until further notice Harley-Davidson has stopped shipments of its bikes to the country and Apple has stopped selling its iPhones and other products in Russia I do think you're going to continue to see more businesses voting with their feet And not necessarily leave the market because of being good corporate citizens and standing with Ukraine leaving the market because the risk just isn't worth the reward above all else Its onerous and expensive and on top of that it's a bad look Roberto Gonzalez is a partner at the law firm Paul Weiss He says companies are therefore deciding the time to take action is now to get ahead of more sanctions and scrutiny Companies have an opportunity to pull back now They might take it just to sort of decrease the commercial and reputational risks of having to take action later Gonzalez says he expects more companies could leave and the U.S. and its allies could continue to tighten that vise But some of them have done the calculation and they're wary of walking away from what's a pretty sizable consumer market Russia is home to a 144 million people We work is one company It's CEO says it doesn't plan to close its four locations in Moscow even though they account for just a small fraction of the company's overall revenue.
NPR News Now
"david gura" Discussed on NPR News Now
"Us is sending thousands of troops to afghanistan this weekend to help evacuate us personnel from the embassy in kabul. It's feared the taliban may attempt to take over the afghan capital in a matter of days. Paul wolfowitz was a former deputy secretary of state under president. George w. bush was part of the team that designed the us military operation in afghanistan. After nine eleven he tells the bbc. The prospect of the taliban controlling kabul is alarming. It's going to echo all around the world. It's going to inspire every terrorists that you can imagine they're going to say. We defeated the soviet union that we have defeated the united states. We're losing awards very bad thing. It's it's up there with vietnam. Unfortunately and it may have repercussions as long as vietnam taliban insurgents now control more than two thirds of the country including half of afghanistan's provincial capitals a federal judge in el paso as extended a temporary restraining order another fourteen days blocking the governor of texas from restricting migrant travel in state governor greg abbott's executive order allows state troopers to stop any vehicle suspected of transporting migrants the us justice department had sued for interfering with federal immigration law. Angelica chair of member station k. T. e. p. reports during a hearing in federal court in el paso. The department of justice attorney argued the state of texas has no authority to impose its own immigration laws and told the court the state would impede federal contractors transporting migrants in custody and nonprofit groups providing services for migrants who are released to await their immigration hearings attorneys for the state told the judge texas is dealing with a major public health crisis and coded is skyrocketing at the border because of migrants most doctors in public health experts. Say there's little evidence of that. The temporary restraining order i took effect august third. I'm angela co chair. Gone el paso a month. Old wildfire is still threatening thousands of homes in northern california. The dixie fire has now burned more than half a million acres and destroyed more than a thousand homes businesses and other structures edwin. The nigga is the public information officer for the california department of forestry and fire protection. He says firefighters are struggling to keep up with crews working here putting out spot fires or like some hot piece of land. That's what we're focused on right now. The dixie fire is among more than one hundred large wildfires burning in a dozen western states. The us forest service says it's operating in crisis mode. Twenty one thousand. Federal firefighters have been deployed more than double the number sent to contain fires last year. This is npr just a few days into the new school year. There was a shooting at a middle school in albuquerque new mexico yesterday. One boy allegedly shot to death another boy during the lunch hour. There were both believed to be about thirteen years old. Investigators are trying to find out what prompted the shooting and how the child had obtained a gun. Stocks ended the week mixed as npr's david gura reports markets where buoyed by new data on inflation. The nasdaq ended the week down about point one percent but the dow was up point. Eight percent and the s. and p. Five hundred point seven percent trading was light as wall street digested new economic. Data a disappointing read on consumer sentiment at its lowest level in almost a decade and new data on inflation. The latest consumer price index for july indicated prices or not rising as much from one month to the next as they have been that bolsters the argument. The chair of the federal reserve has made that recent inflation is transitory. Several fed policymakers said in comments. This week it's time for the central bank to start scaling back. Some of its support to markets as a result david gura. Npr news ford motor company. Says it will ask the. Us patent office to resend trademarks obtained by its rival general motors for the terms crews and super cruise cruises the name of the gm subsidiary developing autonomous cars while super crews. Gm's hands free technology. Ford says term should not be registered as trademarks since any number of companies use them in connection with drivers technology. I'm nora raum npr news..
Recode Media
"david gura" Discussed on Recode Media
"This <Speech_Male> pretty nimbly <Speech_Male> <Speech_Male> and kind of as the opportunity <Speech_Male> crystallizes <Speech_Male> really <Silence> really go for <Speech_Male> it. I <Speech_Male> had a great experience <Speech_Male> courts. It was incredible <Speech_Male> opportunity <Speech_Male> in a lot. Of what i <Speech_Male> learned <Speech_Male> there. Actually take <Speech_Male> with me. Among <Speech_Male> the things <Speech_Male> was there was really pretty <Speech_Male> remarkable as early on <Speech_Male> david bradley <Speech_Male> who owned the atlantic <Speech_Male> and brought me into <Silence> start poured said <Speech_Male> <Speech_Male> something <SpeakerChange> to the effect <Speech_Male> of. When when you're <Speech_Male> you <Speech_Male> should above all <Speech_Male> aim to do <Speech_Male> something <SpeakerChange> that is <Speech_Male> bold in creative <Speech_Male> <Speech_Male> and that <SpeakerChange> was really <Speech_Male> <Speech_Male> really you know i was <Speech_Male> coming from the wall street journal. <Speech_Male> That was a really powerful <Speech_Male> thing for <Speech_Male> david to <Speech_Male> to say <Speech_Male> actually was a <Speech_Male> a really important <Speech_Male> when we're launching <Speech_Male> courts. We launched without <Speech_Male> a homepage launch without <Speech_Male> standard odds. <Speech_Male> We launched <Speech_Male> we designed for mobile <Speech_Male> first. we did. We <Speech_Male> went all in on an <Speech_Male> email. Newsletter when people <Speech_Male> actually weren't <Speech_Male> didn't have the <Speech_Male> same amount of conviction <Speech_Male> around the opportunity <Speech_Male> for that as <Speech_Male> a product. <Speech_Male> And i guess the <Speech_Male> thing that i do hope <Speech_Male> that i do <Speech_Male> similarly <Speech_Male> is actually <Speech_Male> retain that <Speech_Male> spirit <Speech_Male> just if you <Speech_Male> come across <Speech_Male> roads and <Speech_Male> when in doubt <Speech_Male> and they're both viable <Speech_Male> options. Choose the <Speech_Male> path. It's more <Speech_Male> bold and <Speech_Male> creative in probably <Speech_Male> moments scarier. <Speech_Male> And that <Speech_Male> was the <Speech_Male> story of the <Speech_Male> lot of <Speech_Male> the history of courts <Silence> and i think <Speech_Male> was <Speech_Male> incredibly <Speech_Male> fulfilling to approach <Speech_Male> things that way and <Speech_Male> also lead <SpeakerChange> to some <Speech_Male> of the things that i'm proudest <Speech_Male> of their kevin <Speech_Music_Male> delaney. Great to <Speech_Music_Male> talk to. <Speech_Music_Male> I think we live in <Speech_Music_Male> the same borough still so <Speech_Music_Male> we should <Speech_Male> as things are opening <Speech_Male> up. I've been going to events <Speech_Music_Male> we're going to dinners. <Speech_Male> We should have a <Speech_Male> drinker <SpeakerChange> face to <Speech_Male> face thing. I would <Speech_Male> love to see you in <Speech_Music_Male> person. <SpeakerChange> Peter and thanks. <Speech_Music_Male> <Speech_Music_Male> Thanks again <Speech_Male> to kevin. <Speech_Male> Thanks again to david. Gura <Speech_Male> for npr. Thanks <Speech_Music_Male> again to jilin. Gilani <Speech_Music_Male> <Speech_Music_Male> edit <Speech_Male> produced the show <Speech_Male> every <Speech_Male> week every <Speech_Male> week. We give you new <Speech_Male> free content. <Speech_Male> We never stopped <Speech_Male> And thanks <Speech_Male> to you guys to listening <Speech_Male> to that new free <Speech_Male> content. Tell me that you <Speech_Male> like it and give me suggestions. <Speech_Male> I do read <Speech_Male> your emails and tweets <Speech_Male> and texts <Speech_Male> when you have thoughts <Speech_Music_Male> suggestions. Keep <Speech_Music_Male> them coming. <Speech_Music_Male> This is recode <SpeakerChange> media <Speech_Music_Male> see next week.
Recode Media
"david gura" Discussed on Recode Media
"Not is that a company is going to thrive overtime probably not And so that's a that's a choice. I would argue one other one other level. Which is that it just you know we. We have a society which so many of the systems are broken in that includes that workplace and we know that even outside of the workplace people have trouble relating to each other. We have trouble at bridging political and other divides in one thing. That's super interesting if you're if you care about the state of civil society is if there's been research at shown that how people are treated in the workplace actually spills over into how they engage in their community and then they engage as civic participants in. So if i'm feel like i'm respected in the workplace. I have a voice. In how my organization. My team is managed. I feel like i'm driving a much. More likely. research shows to be a of citizen who want to have in our democracy. And so that's a that's a kind of meta project but if you care about those things it's another reason to think about this sort of values that we're talking about in the charter. When you're when you're thinking about these companies that are embracing these ideas and figuring out how to retain employees navigating all of this. Who's your northstar who are the companies. You think are demonstrating this right now in the real world. It's a good question. A lot of the companies said people point to that are in the press. You know through the business. Roundtable leads a lot of the like public discussion around this dominated by big. Ceo's daming diamond or walmart ceo are the enduring bobble of business. Roundtable which is all these public pronouncements about stickle capitalism recent justice in you know unfortunately the research has shown that those companies when the pandemic kit were the first ones to lay people off or at the very least weren't better than anyone who didn't sign those those business roundtable. Pr this goes back to. My push comes to shove cynicism right like say these things we say we embrace this and then the first sign of reality we go all right. We're going to regretfully we have to ignore this. I'm personally. I'm pretty skeptical. Of a lot of the public pronouncements and the the you know you read the most innovative companies most progressive workplaces and best place to work. And you look at those lists the companies that have the largest market cap just shuffled around from one list to the next so is wal mart or microsoft or amazon. Really the most innovative in the most productive in or you know google or a lot of these companies. I actually don't and so. I think a lot of the work that we're doing is actually digging deeper. And engaging with companies that probably aren't on your radar for a lot of the stuff so one one example i just interviewed a woman who has a former management consultant who has her own company out. West called artists consulting. It's been an all remote company and she's figured out how to onboard people on a really interesting way. She's actually tapped into a lot of return ship so people who might have been mothers who took some time off to look after their kids and they're coming back into the workplace like really kind of interesting practices and she's a management consultant so the way that she talks about it the way the structures at the way that she thinks about it would actually be ways that people who run a bank or a big tech company would feel comfortable with and would kind of understand the way the so so that's one example of the sort of places that were looking for innovation that that don't otherwise really get headlines. Do you think that the the the examples you're finding are not the big coz of the world are because the standard answer which is You know you're gonna find innovation from smaller companies from from you know startups that don't have sort of built in Ecosystems just you'd making up words now but you know aren't hidebound Yeah or is it because when you get to a certain size and i guess i could come back to this cynicism skepticism argument that once you get to a certain size that that a lot of the things. You started up thinking and were innovative. Don't work at at scale. And you know there's a lot of for instance a lot of companies i think at least in the media world who are ruing pudding slack in because it's slack you know has some advantages but it also allows all your employees to yell at each other and fight with each other and if they had it to do it over they wouldn't have You know open slacks So i mean presumably. You're gonna tell me that all of these big companies can change and that's part of your patch but i'm wondering if this is something where it really is fundamentally limited to a certain size of company i don't think it's limited to a certain size in and so two examples that stand out for specific initiative not necessarily cross all their activities. One is costco which has actually been a leader in fair. Pay over the years. And they're they're the case study. Unfortunately they're kind of been an isolated case study until now but they've always paid people at least closer living wage and what they've seen you know. The academics have studied in there. There's less turnover in their workers and their customers more loyal in all the they've actually had all these benefits for so if you're looking at basic issues like living waves that's an example of it. I wrote it a little bit about pay pal. And they've done. This came was interesting realization that they actually had a lot of workers who were living paycheck to paycheck and actually kind of running out of cash between and it was really surprising to him because they think of themselves as progressive tech company and so they launched this financial wellness initiative they increase people's pay and they gave them a different They actually among the things that they did is that they gave people paying. People better meant that they improve the health benefits and retirement savings and just kind of basic stuff in that actually has made a massive difference for their workforce so those would be two examples of relatively big companies. That actually are doing stuff that other companies should be looking at but the other answer to your question is that we're in this moment. Where companies practices are unfrozen and so there is a greater opportunity than there was twelve months ago or twenty four months ago or thirty six months ago to actually get a big company to consider some of these practices because everything has been kinda thrown up in the air and their playbook for the last forty years is not as relevant as it might have seen three years ago. And so when you're doing this why don't you actually adopt some of these practices. That are both more fair but also better suited to the way people work today and not that workplace of our youth crisis as opportunity. I said this would be short and look. We're still talking because you're this is so interesting last business. Starting question personal for you so you. This is the second time you started a business medium business. The first time was as you know your own owned basically by the folks who the atlantic now. You're doing it on your own beyond the fact that capitals different right And your bootstrapping this and you're talking to be out of your home. I think in brooklyn What's the biggest thing that you want to sort of do differently this time around. It's really interesting. I've been thinking about this because the the context for starting is actually surprisingly different so we started courts in two thousand twelve twenty twelve. We had five engineers at least and today. We have one engineer. Wait a team. We couldn't launch with fewer than twenty five people. We have eight people now working some employees some on contract and it's actually just in terms of the platforms for starting businesses bills technology and financial you. Things like stripe which wasn't really an option than lots of other systems. It's actually i mean it's it's a total cliche peter. I don't. I don't feel like particularly smart saying this but it's actually easier to build a a business without all the overhead and what we've done over. The last nine months is kind of feel out the market and be in contact with people and develop conviction around the path. I really like that. I like not having the lock in your plan for the next two years right now but rather actually see. Do as we're doing we had. We had a pretty big event recently. We're doing this training program. We have a free newsletter. We're gonna launch subscription content and the difference now is you can actually do.
Recode Media
"david gura" Discussed on Recode Media
"Where when you're leading team actually don't feel that their advice isn't coherent with where you know. The world is going. They these guys were not thinking about climate change. They really weren't thinking about gender and racial equity and diversity with anywhere near the importance that it actually needs. They weren't really thinking about automation in the same way that we are and what how that impacts the future of work they definitely were not thinking about reinventing capitalism. You know in a way that that sort of fair pay in some of these other issues surface today into i felt the real limits of what was out there and when i left courts you know a year and a half two years ago. I thought maybe i'll write a book. Which would be the book that we'd actually give to someone. I wanted to work at the times. In a project on economic inequality but keeping this sort of thinking and the pandemic. You know intensified a lot of these questions about work and how you lead a team. And so i wound up starting this email newsletter last year feeling that there is a real me there and the experience of writing email newsletter and how it played out just confirmed that there actually was a really big opportunity so then the email newsletter started maybe as a starting point to explore this area and as you know at courts we were in the heads you know in the lead peleton if you want a the current wave of modern email newsletters inside a lot of experience and conviction around an email newsletter delicate goodwill place start to build a direct connection with people to actually test topics and ideas and approaches and see what people actually clicked on what they read and you can actually ask people when you're you have this relatively intimate relationship with them. You're appearing their inbox. You can serve. You cannot some. You know what they're interested in eventually to see the data and it all confirmed for me that there is a really big need and ultimately you know if you're thinking about building a media business there is a big business opportunity here to actually dimension allies beyond an email newsletter. i don't think i've heard. Dementia analyzed before was good. Yeah it's interesting because we spent a lot of time talking about newsletters on this podcast obviously sub stack and review and facebook thing that just launched bulletin and those are all we have think of the generally where we think about those those are escape hatches for for journalists Their new career pass away from the established Employer or maybe it's a way aside business for them. So when did it click in for you that oh this would be. I'm going to build a business starting with the newsletter. How long did that take for you to desert click. I mean it was pretty early. To be honest. I went in thinking. I want to build a business and actually did a bunch of user testing in prototyping last fall around what that business could be in parallel was building the newsletter audience and it just confirmed that there was a a real opportunity here so i went in with a thesis that there is really something in started laying the groundwork in parallel with the with the email newsletter and i guess by the end of the year. It was really clear to me that there. You know he's gonna. I was gonna go go forward with this. This was a big opportunity. So spell out what. The business looks like now so there's the free newsletter that i have been getting. I still get thank you and and you launched. I think formerly a couple of weeks ago and so what are the other components of the of the business. Yeah so basically. There's the free newsletter. Which is a sponsorship model. And we have today about twenty thousand subscribers to that and have a target of around fifty thousand by the fourth quarter of this year. We're getting good organic growth and doing little marketing and the curve is looking pretty good To get there we have a business which is not yet out in the world but it's a subscription business so you can imagine the free content going deeper on that too bit more premium content. I would you know to give you a sense of how we're thinking about that. It's a it's a subscription that we think will should be premium and extensible. Something that will help people doing their job. It's not a general news subscription. And so that you know that's interesting business opportunity. Yeah what are you gonna cost one hundred dollars a year two thousand dollars a year me or my employer. Do you know. We're we're still figuring that out. I think the starting point is probably have multiple tiers when you can look at someone like jessica lesson at the who i think has been really smart about having premium subscription. You can actually just to to serve pro sumer tears in than i think it goes beyond that so i think that model is really good. It's worked really well for her. And i feel like that's that's a good template for us to follow so it's the second part of the businesses the subscription content. And we feel like we have a lot of opportunity to provide content there that is not available elsewhere and part of it is actually just being very bridging the research to practice so like giving people tools best practices for navigating stuff in a way that is really valuable and useful to men and then the third part of the business is a services part of the business in the first manifestation of this is something that we've just released. We co created an online training course in hybrid management with a bb online trading company called nomadic. And so we did this winter we did some surveys of of return to workplace decision-makers so people who were part of the teams that were deciding how they're going to go back to her and their number one concern. Interestingly was adequate support in training for managers above all things like you know where people going to affect each other. And how we're gonna deal facilities and everything else and so that really reinforced for us. That there was a need and an opportunity to actually train managers and so with nomadic. We co created this class. It's an online class your employer. Anyone can sign up for but generally they have big employers who have contracts for their employees to access these tosses. It takes about five or six hours. It's an interactive class there. Lots of videos and case studies and things and by the end of it you have more traction in how to think about managing your team so that is the third business. We think that there's more there. Which is this kind of be to be. It's a services business that speed to be kind of related. We have done a bunch of events we just did this big return to workplace summit and we also started a slack community for people who are in the thick of making decisions about these things. Navigate them so sir pulling them together as a as a community as well and your your bootstrapping it's you and a couple of yep years eventually as this adventure back business or is this something where you don't want venture money if you thought that through. Yeah it's an ongoing conversation. And i think it depends a lot on the the speed at which different parts of the business take off. I think that we could imagine taking investment but probably would start with a kind of friends and family convertible debt round that we think we could actually get pretty far on. It's a you know the operating the business that actually gives me a lot of conviction about the the business model and the revenue potential there. We've already had hundreds of thousands of dollars in revenue prior to the launch of this. And so i feel like particularly with the three different lanes of that. We've been talking about that. There is a real business model in my preference would be not prematurely..
Recode Media
"david gura" Discussed on Recode Media
"Instead of going to the conference room in meeting people there and someone is on a screen on zoom or multiple screening zoom. We don't go to the conference room. We all just zoomed together while some of us are in the same space and some of us are remote exactly and a lot of offices are building more a lot of phone booths before we could go and make a phone call so that you can have to take a whole conference room. A lot of offices are either installing or anticipate installing the phone booths where you can do what you described so the idea that right is is we want to make it so the person who's working from home wherever they are wherever they are remotely isn't disadvantaged is in cut out of the before or after meeting or even during meeting side conversations So you're basically sort of You've got to quality because by taking something away from the other folks My kid is going to school Last spring The same way they would zoom in a room and parts of the kids at home. Were getting the same education And that was done in a pandemic when you know really limited resources this seems like this is not going to last more than a week or two and most offices because even if you are resentfully zooming from your cube instead of seeing someone in the office you're gonna go talk to that person in the office that's why you're there and it seems like that is gonna butt up against reality really quickly so how do how do you deal with that stuff. Yeah i think the hardest things for people to adapt to is gonna be hybrid meetings for precisely the reason you said you're in you're in a room you're used to sitting around with people. There's definitely a connection that you have that someone who is dialing in his doesn't actually have that connection so i actually think that that is one of the big considerations that people are in one of the things people are gonna have to run into their in theory. There's technology that can help you with that. And there's some companies that are that are making it. They're adding cameras there instead of having a screen at the far end of the room where everyone's out a long conference table. You're actually kind of the conference room. Table shoved up against a big screen. So people are just feel more present actually part of the conversation. That's an area of experimentation. But i would argue. That's one of the things. If i were leading a big group of people that i would focus on a lot like how to get the hybrid meeting right but the reason you're doing that is because you're a good person and also a good manager and you want to make sure the people who are working from home aren't cut out. had the ability to advance their careers. that's out of self interest rate. Because you want to keep those people but it seems like there's some stuff where you know. Whatever the intent is it's going to bump up against a reality either. You're gonna figure out that to advance your career you work. It's the kind of office where you need to be around. And there's decisions being made in and and you if you're not there you're not there or i was talking with somebody at facebook recently and they said they're back to work plan basically as whatever google's is because they are competing for talent and so they just whatever they say they just have to offer the same terms as competitive set And then within that. It's different too right. So if if you're a certain kind of worker at facebook of one set of rules and if you're another if you're an engineer you do whatever you want because the engineers are king and also because the engineers seemed perfectly happy and capable of working from home so it seems like a lot of this is going to which i guess is the point of your publication. Right is going to be sort of set over time and sort of theory. It's going to bump up against the real world. I think these issues are going to play out over maybe twelve to eighteen months. We're going to get in it's gonna be messy as you're describing and we're gonna have to figure out what is what what actually does work in practice so these issues are not going away there in in what you just said there are two important issues that are contained. The first one is that it's really important. How leaders of organizations approach this. So you have adam de ngelo is the ceo of cora for example. And he's told his staff there they were going to promote i but he said he's not going to go into their headquarters more than one time a month and he's doing specifically to avoid one of the things that you said which is by being there every day you naturally other people would be there because i would feel like proximity to the. Ceo of the company would be something that would be desirable over time. The second thing is that there is. I think over the next twelve months. We're going to see and we're seeing the beginning of this already. Actually a massive wave of people considering changing jobs in april we have the data fewest data in april there. Four million people who quit their jobs. This is the biggest number in in recorded. Us history for the number of people who quit jobs and and the numbers seem high. But actually we're having survey after survey that's actually confirming this. Roughly forty percent of people say that they're opened changing jobs within the next twelve months. If you actually look at managers and leaders of organizations numbers actually higher a majority of managers and leaders surveyed anticipate considering other jobs over the next twelve months. That number is really really high. And to your point about facebook and google companies are going to on top of all this other complexity are going to be competing for talent in needing to like figure out their practices so that they can be a place where people wanna work and that that job quitting number right this gets inflated with the you know people saying we can't hire enough restaurant workers because they're they're making so much money on employment they rather just sit back That's not that four million that those are people who have jobs and are deciding not to go iraq. Those are people who resigned from jobs. And we're just guessing right about why that's happening but presumably those are people. Who are you know gone through. But we all went through the last year and a half and said i want i have the ability to make changes in my life and i wanted do that or at least i think i wanna do that. Yeah they feel confident about the market for their labor and that they actually could find something better than their current whether they're sifting to it immediately or they're planning to spend the summer recovering mentally and emotionally and otherwise taking a real vacation and then going back in the job market but decided incredible confidence among workers that they would leave jobs in in those numbers. So let's talk about how you became an expert in this. Like i said you were longtime journal editor. You started courts You left that I think you were doing some work for the times. He did some work for jessica lesson at the information. And then you were putting together this newsletter which was then called reset which was all about sort of all of these questions. All of these like manager questions lash cocktail party questions before we had cocktail. Parties was plan. Always that you would start with a newsletter and then build a company around it. yes. I've long been interested in these issues as a lot of people who wind up leading teams in in news organizations self taught manager. So i've always been really interested in how to how to lead a team successfully. And the rub that i always found. Was that the advice that people recommended was you know. Peter drucker andy grove and like all these sort of icons of management practices from thirty forty fifty years ago and there was a you reach a point..
Recode Media
"david gura" Discussed on Recode Media
"But i remember a few years. Back in more halcyon days Getting into the in on site and seeing mark zuckerberg talking with bill gates over a drink in the evening So you look for elements people hanging out. I will say. There's a lot of pairing up of people within the same company like. I don't think that i've seen that's not true. I've seen read and ted from net flicks together most of the time but there was one time. Where reid hoffman reed hastings. Were outside the coffee at the to read the to read spelt differently Each having san pellegrino like outside the the coffee shop but yeah. I haven't seen a whole lot of mixing mingling yet. That would lead me to think of anything coming about. If i was set to sun valley and i had to write a scene piece. I guess the thing i would say is it's kind of interesting that all the billionaires are willing to be seen and be seen repeating the word scene In public at a time. When if you read. What my colleagues right. There's more scrutiny and distrust of billionaires and the tech guys have gone from plucky underdogs to people we our resentful about and you might think they might think twice about showing up but a plutocratic retreat full of other gazillion airs But i guess. No one's wearing sackcloth there and everyone's happy to come no one's wearing sackcloth. It's it's all patagonia Which is standard issue from from allen and co but I i will say the level of security around. This place is more extreme. Than i've seen in the past and can what we're being told us. That's because a lot of stuff is happening outside but there was kind of a funny moment yesterday at the end of arrivals when three teenage kids biked up To to the lodge with handmade signs two of them were wearing the signs on their chests the other had a stack of them and there was some something fact. Like help us find. Jeff bezos. so there's been you can call some sort of. Was that approach to get on. The spaceship was kind of a protest. But i bring it up just to say like. They were dispatched really quickly. There was security guards everywhere. So i will say that there is a level of safety here or comfort safety and comfort that these these billionaires have here and You brought up something a moment ago. I'll come back to. Which is it's a really funny thing to cover. Because i think the participants and i think the bank which is the spirit notoriously private bank are happy to have us here because yeah bloomberg. Nbc and fox business broadcasting from here and people are writing stories about what's going on at the same time we're held at this arms length but You know well there. There are billionaires and executives who show up here who aren't out in public Many other times in the year. And so i i mentioned my colleagues in in print and tv. It's the still photographers who are working like crazy. Just to capture the photographs or photograph of some of these more reclusive Plutocrats out and about when you see the iconic jeff bezos walking out with the vast and his guns out that that is a sun valley photo. Yes yes that is the contribution for the decade And the other big story. Who isn't there. Rupert murdoch is not any other big notable no-shows rupert murdoch is the biggest one and i guess we'll You know if. Jeff bezos shows up here sort of things that he's worried about namely his his spaceflight coming up here in a few days I reached out ahead of time to a bunch of executive who live overseas So few folks who live in europe aren't coming I reached out to an executive from kind of the amazon equivalent in argentina. Who's coming years past. He's not coming this year as well. I think that travel is still an issue despite the fact that Almost everybody travels by private. I spoke to the manager of the airport here just a small airport before the conference and he said on the first day alone they were expecting ninety private jets to to land where you're gonna park those. And he goes everywhere we can wear can find his five for them. So if you're an invests Spotting private plane seeing the uber ceo drive themselves. This is the event for you. David gura you look pretty rested and relaxed. So you know. It's i i will say there are worse places to be and even though it can get humiliating to yell at sherri redstone. Please tell us something over and over again. We are here in the mountains and the setting is beautiful. And i think there's a reason why it is an attractive magnet for all these folks to come year after year. Go do your job and thank you for helping me do my job. Thanks david thank you peter pleasure. Thanks again the david for calling in from idaho. That is always funny to say in a minute. We're going to hear from kevin delaney from charter. But i a word from sponsor support for this episode.
Recode Media
"david gura" Discussed on Recode Media
"Around guns out that big laser big plays or the big best on. You know the best We talked to him about. Who's there who's not. Maybe what they're talking about. What you do as a reporter when you can't actually be in the room where it happens and also who david gura photograph not wearing any pants. And we've got a chat with kevin delaney was a really good combination of brainy and also a good human was formerly reporter editor wall street journal. Many co-founded quartz and now he started a new publication. It's charter and this one is both interesting because of what charter covers. It's about how we're going to go back to work. What happens once we get back to work and what work is going to be like. But we also want to talk to kevin about how he is starting this business. He's creating a new media business by starting with a newsletter that starting in his letter by bailing on an existing business with building a new business around a newsletter with minimal capital and. It looks like he's found some initial traction so that should get your mental gears. Moving okay enough of me now. Me and david gura. I'm in brooklyn. I'm talking to. Npr's david gura. Who is in sun valley idaho for the sun valley. What is what's the formal name of the conference. David i think it's the allen co sun valley conference there might have been a media and tech modifier that they've dropped but anyway let's just call it sunday. La is sun valley. If you listen to this podcast you probably know what it is. If you've seen succession and you listen to this podcast. You probably know it is is where all the tech media moguls go to be photographed wearing fleas vests and presumably to go make deals. That will change all of our lives. David wire you at sun valley. You know. I've been to this conference before i've covered it before. When i was at bloomberg and doing that i was kind of complicit in the way it all works. I would come here. We would do interviews on the sidelines. So it wasn't a participant per se now npr. I wanted to come back Because this seems like a signal moment like a return to in-person dealmaking we've had the pandemic when all of that's been done online struck me that after year off. They cancelled this conference last year. It was maybe a big deal to have all these folks back again. Yes wearing the fleas fast but Mingling and talking you published a quite. Poignant twitter thread yesterday of mostly you photographing people from afar. Jason cuyler Who still at warner media promising to come. Talk to you guys. But he never did today. I think you had photographs. Of berry diller walking around bare feet very dealer. It was it was yesterday. He showed up in a golf cart. With with anderson cooper he was wearing shorts and barefooted as well. It's funny. I feel like every year. This conference happens our ability to see what's going on and talk to the people who are participating just gets more and more restricted. And because it's outside this year they didn't want to do a lot of the programming inside because of coveted they've moved it to this amphitheater to the pavilion on site and that's further restricted where reporters can be so we've had some glimpses of people we've tried to beckon people over to talk with us That's gotten harder. And i. I i worry about the president. That's been set here. But i think there's a lot of kind of like Hygiene theater you know because of covered. We're going to keep folks far away. And i wonder if that's going to be a lasting thing at this conference that's that's been heading that way for a very long time. It used to be back in the. I've never gone but you'd hear war stories. ed lee. my former editor at recode just published a great sort of reminiscent of the greatest Reporter stories from covering the stuff. It used to be that someone like a Rupert murdoch might actually talk to you and he might actually drunkenly lose his wedding ring that he used to wear. He marry wendy. Dang and you would help them go look forward and at least you'd have a good story out of it and maybe you'd actually glean some knowledge so presumably. No one is coming here to tell you what deal they're making. Does anyone come talk to you. Guys now david. Zaslov came up to the mike's yesterday when he arrived and there used to be a calculation. I think some of these executive make which is when we arrive. We will come up to the. Mike's will feel maybe a question from each reporter stanton. Who's standing there. It kind of humiliating. Where yelling questions. That people as they drive up knowing that if they were to do that. We wouldn't hound us executives for the duration of the conference. Yesterday was really only david zaslov. Who did that. And he knows who loves to talk. Loves to talk so talked about. Jason kessler said that he's going to spend some time with him while he's here Kind of ominously. I thought you know. Raise the specter of there being more consolidation in dealmaking after he gets this particular deal through and he said an eight month horizon by which he thinks. That's going to happen. Although he said that that that could move No people aren't talking and so it's a it's a really strange thing to cover is reporter. You can set up little conversations on the sidelines but Yet gone are the days. I think when you could pull somebody over Be able to spend a few times of somebody randomly folks. They're not doing that as much as they were. So you're you're you're sending out tweets or photographing Billionaires without pants and you do a scene setting piece just as just a working journalist sort of do. Is there anxiety about like what what what should i be doing. Here was the best. Besides talking to peter kafka has audience. What should i be they go on. I feel much less anxiety than those colleagues of mine. Who are here from the business. Tv networks a report here from the information. There's somebody to people from from the new york post someone from variety I think they have a. They have demands that i don't have i mean i think that working for npr. There is some sort of general interest in what's going on here. General interest in dealmaking. That's what i'm trying to get a sense of and then yeah. I'm using it as effectively as i can just to meet with people on the sidelines. gather string gather tape with the hope that i can do something with that when i get back and you know you look at the guest list for this conference you look. Who's here you get a sense of. What the agenda is and you can kind of piece together. What it is folks here are talking about or being talked to about and so there is a bit of a few guests here in cryptocurrency. There's a strong presence of gaming. Ceo's there's always a weird national security bent at this conference so there's the former director of the ten and who's at allen co I think there is speculation. That bill burns. The current head of the cia is going to be here David portray showed up yesterday. General david portray showed up so Yeah you piece together to what folks might be talking about and then again as you as you grab. People are trying to get people in the sidelines. You get what you can from them about. What what they're discussing and who's here at big part of sun valley the from from my understanding is being invited to sun valley and showing up at sun valley. And so the fact that you are there. David photographs you in tweets about. She was is kind of at least half. The point in theory is supposed to be discussing business. You're supposed to be doing deals. There's an anecdote for a report of supporting the times. Couple of years ago about mark zuckerberg tried to break bread with tim. Cook tim cook. Basically you know giving him the hand and saying you know you should shut down facebook. Do you have any sense of sort of who is looking to talk to someone or you just have to purely speculate. Because you're just watching the vests gotta purely speculate just watching the vast and you know the big names aren't here yet or we haven't spotted them so No one has seen tim cook yet. As i'm talking to you On on wednesday afternoon nobody has seen jamaica's who is rumored to becoming here with jesse neither of them have been spotted I saw deer coach shot. He of uber driving himself. There's some news driving himself in this morning with his wife So yeah it. it's just speculation. you bring up that that moment. That conversation between zuckerberg cook. And i can't confirm that that happened..
Houston Public Media Local Newscasts
"david gura" Discussed on Houston Public Media Local Newscasts
"In japan a search and rescue effort is underway after a landslide tore through the seaside resort town. Many of the apartments and houses there are second homes or vacation. Rentals responders are digging through sludge and debris looking for dozens who may be trapped. At least four people are known dead. It's another challenge for the japanese government. Which is still handling. The corona virus pandemic and preparing for the tokyo olympics which open in less than three weeks an event known as summer camp for billionaires gets underway. This afternoon in idaho. Npr's david gura reports. It's an exclusive conference for making the ceo's of apple and facebook or among the executives expected to travel to sun valley for an invite only event private investment bank called allen company puts on every summer participants mix and mingle in the mountain air. And if history is any guide that could lead to deals mergers and acquisitions and initial public offerings allen. Company specializes in tech and media. It's had a hand in google's ipo and facebook's this year's conference marks a return to in-person dealmaking last year's gathering was cancelled because of the pandemic and attendance this year is expected to be slightly smaller as executives based overseas. Stay home david gura. Npr news uk covered restrictions are coming down as of july nineteenth british. Prime minister announced. Today this includes the end of mask and gathering restrictions at the same time the government there expects cases to continue to rise. I'm louise schiavone..
NPR News Now
"david gura" Discussed on NPR News Now
"Costs greg alan. Npr news miami about five miles away. Authorities ordered the evacuation of an apartment building in north miami beach yesterday. City officials say engineers had found serious structural and electrical problems. A full assessment will be conducted before a decision is made on whether residents may return stocks ended the week at record highs following new data from the labor department. The economy added more jobs than expected in june. Npr's david gura reports. The us added eight hundred fifty thousand jobs more than forecasted as the labor market continues to gather strength. All three major indexes ended the week at record highs. The nasdaq closed up two percent for the week and the dow one point seven percent. It was a busy week for companies going public. There were almost twenty initial public offerings including chinese ridesharing company didi global and donut maker crispy. Cream bankers expect the booming ipo market to continue. Some big names are waiting to go public including the controversial trading app. Robin hood david gura. Npr news new york the head of the world health organization is urging countries not to be complacent about covert nineteen even those high countries with high rates of vaccinations. Doctor ted rose at a non gabri acis says the more contagious delta variant has been reported nearly one hundred countries sweden a very dangerous period of this bec- in those countries with low vaccination coverage terrible scenes of hospitals overflowing are again becoming the norm but no country on earth is out of the woods yet. He said the acute phase of the pandemic could be over by this time next year if seventy percent of all people in every country are vaccinated. You're listening to npr news. The united nations says more than four hundred thousand. People in ethiopia are facing the worst famine in decades. They live in that country's tigray region where fighting has been raging since november between government troops and forces loyal to the country's former ruling party thousands of people have died a special. Us law enforcement operation to stop gun smuggling to mexico has confiscated hundreds of firearms and more than a half million rounds of ammunition. But as npr's john burnett reports mexico wants the us where the guns originate to do more us immigration and customs enforcement reports. That operation without a trace has been having success against weapons trafficking to mexico since it began a year and a half ago agents have seized more than eleven hundred guns including automatic handguns and high powered assault style rifles prized by mexican crime. Despite this progress on mexican foreign affairs official told the public forum earlier this year because seventy percent of crime guns recovered in mexico can be traced to the us. The united states must crack down even more mexican cities like celaya and it up. What though top. The list of the world's most murderous places has rival cartels battle for turf and have seemingly no problem obtaining firearms john burnett. Npr news hurricane. Elsa is approaching haiti and the dominican republic with maximum sustained winds of eighty miles per hour. Authorities are warning of floods and landslides else's the first hurricane of the atlantic season. I'm nora raum npr news..
KCRW
"david gura" Discussed on KCRW
"The buildings. Demolition. This is a decision that we need to make extremely carefully and methodically. As we consider all the possible impacts to the pile of debris and to our search and rescue operation. It's expected to be weeks before demolition plan is in place. Greg Allen, NPR NEWS Miami The U. S economy added 850,000 jobs in June with notable gains in leisure and hospitality, But NPR's David Gura reports the unemployment rate ticked up to 5.9%. Employment rose more than many economists expected. That's a positive sign, but there's still a deficit of millions of jobs lost during the pandemic that haven't come back. The overall number of unemployed persons is still around 9.5 million. Bars and restaurants have been hiring as they've reopened to the public with fewer restrictions, they added almost 200,000 jobs, But there are signs employers are having some difficulty hiring Last month, many states ended federal unemployment benefits put in place during the pandemic early That started to happen after the Labor Department collected these data. David Gura NPR NEWS New YORK support is expanding for a global minimum tax on multinational firms. Some 130 countries of the Organization for Economic Cooperation and Development are backing the plan. The group of Seven leaders, including President Biden, agreed to a 15% minimum corporate tax early this month. This is NPR. On this Friday. You aren't listening to KCRW. I'm Cherry Glazer. With this news update. We finally know the date of the recall election. California voters will determine in mid September if Governor Gavin Newsom remains in office from Sacramento Cap radios. Nicole Nixon reports Lieutenant governor Eleni Kunal Aqueous chose September 14th for the recall election eight days after Labor Day. The Department of Finance says administering the recall will cost state and county election officials $276 million. The legislature has already appropriated most of that. With just over two months until the election candidates will be ramping up their ad campaigns. A spokesman for Newsom's team said the recall is an attempt by Trump Republicans to grab control in California. Many of Newsom's GOP challengers have criticized the governor's leadership during the pandemic and said they want to make the state more affordable. Cap radios Nicole Nixon reporting. House Speaker Nancy Pelosi has made her picks for a newly created select committee. They will look into the January six insurrection of the U. S. Capitol. Among the people she chose. Three are from California. Burbank Democrat Adam Schiff was tapped to serve as head of the House Intelligence Committee. He's been outspoken in his calls for a thorough investigation into what happened at the U. S. Capitol. In a statement shift called serving on the committee a solemn responsibility looking to downplay accusations of partisan politics that have already been launched at the committee shift, said quote We will have a full accounting of that deadly day and we will endeavor to do so with bipartisan sobriety. Democrat Pete Angular. Redlands is also part of the January 6th committee. The Inland Empire congressman has been the house since 2015. The L. A City Council has established a youth development Department of first for the city. The goal is to centralize the city's response to the high number of young people living in poverty and being arrested in Los Angeles Council member Monica Rodriguez says it's an important step that will help to address and uplift the needs of the more than 800,000 young people in this city and young adults. Desperately coming out of this pandemic are going to continue to need greater resources and access to supported programs. About a quarter of young people between the ages of 10 and 25 in LA live in poverty and an estimated 3000 are homeless. The age group also accounted for nearly a third of arrests over the last 10 years. Department will serve as the Central Information Center for the public to Access Youth Services in Los Angeles. It will also develop a road map for youth programs in the city. And authorities say there's been a spike in the theft of catalytic converters. As you've heard, they were part of a car that can fetch up to $700 or more for precious metals. When resold well. This week, police in torrents recovered almost 90 converters that were believed to be stolen. The search warned. Operation stem from the arrest of 20 people suspected of stealing catalytic converters in the city. Within the past three weeks. Support for NPR comes from We work we work. All access membership is designed to provide the flexibility to avoid work from home distractions by offering access to workspaces nationwide. More we work dot com slash.
Morning Edition
U.S. Employers Added 559,000 Jobs in May
"Jobs in May, fewer than economists were forecasting. Still, as NPR's David Gura reports hiring was stronger than it was in April. As more Americans get vaccinated and states have done away with restrictions, there have been significant gains in leisure and hospitality. Bars and restaurants have been hiring along with hotels and casinos. Schools added jobs as well as more of them reopened, but the labor market is still a far cry from what it was pre pandemic when the jobless rate was at 3.5%. The coming days, Many states will end unemployment programs the U. S government funded they were set to expire in September. Proponents of ending those programs early argue an additional subsidy of $300 a week. Has been keeping workers on the sidelines. David Gura NPR
NPR's Business Story of the Day
New York Stock Exchange Reopens as Covid Restrictions Ease
"When a company's stock starts trading on the new york stock exchange there's a tradition executives crowd onto a small balcony. And there it. Is they ring. The opening bell that has played out differently during this pandemic year when the new york city lockdown started the exchange operated without its trading floor for the first time in its two hundred and twenty eight year history two months later but with limited capacity. Today that changes. Here's npr's david gura. When the opening bell rang on. Friday the trading floor was still pretty empty and quiet. A far cry from how boisterous it used to be and there was only one person standing on that balcony. You'll see a bigger crowd on the podiums going forward. Stacey cunningham runs the new york stock exchange now that the vaccine rollout has been progressing. Were not as concerned about having both masks social distancing as double protection as of today more traders will be allowed back in the building if one hundred percent of affirms traders are fully vaccinated. More of them can be on site another big thing tv. Networks will broadcast live from the trading floor again. They haven't done that since march of twenty twenty so we were making a decision about the health and safety of the people on the trading floor as well as the livelihoods of the people on the trading floor.
Marketplace with Kai Ryssdal
The recovery is slowing down so much soon it could be going backwards
"Can still be alarming. The problem is improvement in the job. Market is slowing way down. We were adding jobs twice as fast just a month earlier in october. Economists joseph bruce willis at our sim consulting. Explains this with and warn you some complex math math that i almost flunked in college. What we call a first riveted. Second derivative problem first of look strong the two hundred and forty five thousand jobs we added in november but the second derivative that's the rate of change of the rate of change is actually cloyne continues. You'll end up with an outright loss of jobs on a monthly basis. So he's saying if employment growth keeps decelerating. We could be losing jobs by next month and even if we keep up with november's pace full recovery is going to take a very long time says daniel jau at jobsite glass door because we're nine point. Eight million jobs short pre-crisis levels at this month's pace take us until twenty twenty four to return to those pre-crisis levels that we'd had and digging out of this unemployment hole is about to get harder says lisa rohan at forbes advisor she points to rising covid cases and government shutdown orders mounting business failures and government relief about to expire. A majority of people are feeling less comfortable than they did. Six months ago to make regular household purchases and a vast majority of people are holding off on those major purchases like a home or a car the latest forbes adviser ipsos poll finds half of american workers are now afraid they or someone they know. We'll lose their job in the next six months. I'm mitchell hartman for marketplace. This being a friday it is time for a look back at what the heck happened jobs. And otherwise neil. Richardson is here. She's at adp. David gura is back as well. Hey to so neil. Let me go to you as the trained economist on the panel David if you've ever took calculus. I never did and i surely would fail. I don't i don't even know bonilla To the point that mitchell was making and job as well as well this idea that labor market gains are slowing that seems to me to be perilous. It is and i was a math major said well
Marketplace with Kai Ryssdal
Coronavirus Sell-Off Threatens to End U.S. Stock Market's Decade-Long Bull Run
"You think corona virus could turn into a black swan that turns things If not completely south then maybe sideways and you said all other things being equal probably not. Would you like to revisit that no but I actually? I I do not at the time thing. It's a black swan event. I think it's more of a black hole event. And we don't know the time or the breath of that whole but there's still so much uncertainty. I still stand by the fact that we have pretty healthy economic fundamentals. So far we've seen other situations over this eleven now in the eleventh year expansion where there's been a a quarterly decline which I think we can expect a slowing growth because of the virus in the USA Common Connie in the first quarter. That doesn't mean a Duro meant of the market or the economic expansion. It just means that the economy has hit a soft spot so bottom line. It's two two two shoe soon. Okay all right fine fair enough David. You took the other side of that. Bet. I'm proud. Pessimists proud pessimist and look I I look let's be clear. I sided with Neela last time so I was wrong to Are Are you surprised? David Gura by the speed with which things have gone south. It's been a week and all of a sudden we're we're like Oh my goodness you know. I am. I was GonNa make a joke that you've worn out the sad trombone album but the fact of the matter is you were playing. We're in the money like a week ago. Ten days ago we were at record so I think how quickly and how precipitously the market's fallen is. What's given a lot of people pause here trying to figure out what's happened but You know as as Neil as saying I think there's so much uncertainty about things beyond the economics of this and that's what I think is driving investors crazy Fundamentally this comes down to science and medicine We don't have good tests for this. We have a vaccine for this yet. Of course and you couple that with the communication strategy can call it that from from the administration It has been dissonant to say the least and I think investors are trying to get a handle on how big this is going to be how bad this is going to be. And there just isn't a whole lot of clarity on that yet neil. I was writing yesterday's show and I was trying to turn a phrase and I wanted to say something like you know the the economic fundamentals of of what we're dealing with here. The fundamentals are still strong and they are right now as you said a minute ago at some point though the actual economy not just the market will be affected. Yes maybe too soon. To tell look there is some global impact that we will for sure. Cnn It's going to be a bigger impact in China who is dealing with a massive travel restrictions quarantines of millions of people shut down businesses. But there is some good news coming out of China and that is that China starting to open for business. And the and the reports of new cases of slowing. What's really changed for markets? This week is that the impact has reached beyond China's borders. And that's the scary thing. We don't know how quickly this fire will spread or whether there will be a community wide event and the developed market like the United States which shuts down a city or region for an extended period of time. That's what the markets are reacting to. And yes that would have an economic effect but there's a range of scenarios between the worst case in the best case in any possibility can happen at this point up totally. Fair David. A A note here about Two Thousand Eight two thousand nine. I'm getting questions you probably are about. Whether this is two thousand eight all over again and it has to be pointed out that the markets are functioning right there are buyers and sellers credit exists liquidities their functioning and there were huge problems with the economy back in two thousand eight two thousand nine ten point. We don't have those same problems today. So that's something that's decidedly different here and you look at the the market today A lot of losses were raised. I mean the market was way down. had many points of the day to day came back up here at the end so yes to some extent there are buying opportunities here but you look at places like the bond. Market the tenure. Us Bond is incredibly low at this point now indicating the fact that People are flocking to safety. They WanNa find something amidst all of this at the same time. They're also having some faith here that the Fed is going to do something and today. You got this statement from the Fed Chairman Saying essentially the the economy's is is doing fine. We're GONNA continue to monitor this involving threat. I think he said So you saw him trying to do what he could In three sentences or four sentences to to give investors a bit of confidence. I wonder if he thought about playing my game. What is j? Paul says that that'd be good. That'd be a little bit Okay so look Neela actually just gonNA mention Jay Powell He came out made this. It has to be said at six. It's an extraordinary statement for the Fed to come out of nowhere and have the Fed chairman. Say listen everything is fine The market however while rallying into the close I don't care what the Fed share had to say because in all honesty the Federal Reserve cannot create a vaccine. No it can't when all you have is a hammer. Every problem is a nail. And we've learned that an interest rate cut can't solve trade tensions and it can't immunize the population on the markets from the corona virus. But what the Fed can do is show that there's someone paying attention that can stimulate Credit MARKETS LIQUIDITY KEEP liquidity flowing and. Keep US put a bottom in terms of the stock price stock market decline. And that's exactly what POW intended to do with the statement bill. Richardson at Edward Jones. I Apologize For messing up on the INTRO. There Neela won't happen again. David Girl you can catch him On the TV MSNBC. On Saturday and Sunday afternoons David. Yes right. Y'All let's get there. We go all right. Thanks you to heal later. It would take a veritable orchestra of Wa wa. Trombones to do justice to this week on Wall Street. We will try when we do. The numbers