35 Burst results for "Deal"
Senate Democrats announce deal on unemployment insurance, allowing Biden bill to move forward
"Senate Democratic leaders and West Virginia moderate Democratic Senator Joe Manchin have reached a compromise over emergency unemployment benefits in the $1.9 trillion Corona virus pandemic relief bill. Clearing the way for the Senate to begin a climatic marathon SYRIZA votes expected to lead to approval of the sweeping legislation Earlier today, President Biden said the plan is crucial. The American rescue plan I believe, and, according to pulling down of the vast majority of Americans believe is essential. Giving them some help and to turn it around. And I think it's gonna pride, immediate relief for millions of people that I'm going to be able to use it in a very constructive way and also grow the economy in the process. The package faces a solid wall Republican opposition much in the same way that the GOP members of Congress did all they could to stall priority legislation for then President Barack
Stimulus plan stalls as senators debate unemployment aid
"Leaders and moderate Democratic Senator Joe mention of West Virginia have struck a deal over emergency jobless benefits, breaking a nine hour logjam. It installed the party's showpiece $1.9 trillion covert really fill. The compromise, announced by the West Virginia lawmaker and a Democratic aide seems to clear the way for the Senate to begin a climactic marathon. Syriza votes expected to lead to approval of the sweeping legislation. Democrats had already set aside one battle over boosting the minimum wage mansion is probably the chamber's most conservative Democrat and the king maker in a 50 50 Senate. That leaves his party without a vote to spare. Chris Lee reports the Senate is in what's being called a voter rama over the $1.9 trillion coronavirus relief bill where Syria's of amendments are voted on back to back. This comes after Wisconsin Republican Senator Ron Johnson forced to nearly 11 hour holed up on the bill. Forcing Senate clerks to read the massive 628 page legislative package out loud. Senate Budget Committee chair Bernie Sanders open the debate by introducing an amendment to raise the minimum wage to $15 an hour. That provision was included in the House's version of the bill, but it was thrown out last week by the Senate parliamentarian who ruled it was not permissible under budget reconciliation, Sanders says that process is wrong. It is an absurd process. That we allow an UN elected staff of somebody who works for the Senate, not elected by anybody. To make a decision as to whether 30 million Americans get a pay raise or not. I don't care how the parliamentarian rules. No parliamentarian should have that power. People here want to vote against raising them in ways you have that right? Want to vote for it? And I hope you do you have that right, But we should not shuffle off that responsibility. Toe What UN elected staff. That's wrong. Senators voted to reject Sanders proposal 58 to 42 8, Democratic senators Kirsten cinema of Arizona. Jon Tester of Montana, Jan Shaheen and Maggie Hassan of New Hampshire, Chris Coons and Tom Carper of Delaware. Angus King of Maine and Joe Manchin of Virginia voted No. The Senate has since been stalled for several hours. In a debate on the extension of federal unemployment benefits. Democratic senators have a slim margin to get the bill approved. And if just a single Democrat votes against the bill, it could jeopardize the entire
Democrats break COVID-19 impasse with deal on jobless benefits
"Senate Democrats have announced a deal on unemployment benefits that breaks and impasse that lasted almost eight hours as they try to move forward with the stimulus vote. Senate Democrats will now offer $300 a week unemployment benefits through September, 6th. So what once seemed to break the whole thing down earlier today, they seem to be getting past
Charlotte Bennett, New York Governor's Former Aide, Describes Alleged Sexual Harassment In Interview
"To our exclusive exclusive interview interview with with Governor Governor Andrew Andrew Cuomo's Cuomo's former former assistant, assistant, Charlotte Charlotte Bennett Bennett says says New York's New York's governor governor sexually sexually harassed harassed her her that that he was he was trying trying to sleep to sleep with her. with her. And And tonight, tonight, Bennett Bennett tell tell CBS CBS News News who who she she reported reported her her claims claims to to and and what what happened happened next? next? I was I was nervous. nervous. I I was was emotional emotional days days after after Bennett Bennett says says Governor Governor Cuomo Cuomo harassed harassed her. her. She She reported reported it to it his to chief his chief of staff, of staff, saying saying she she no no longer longer wanted wanted to work to work directly directly for for him. him. What What happened happened during during that that meeting, meeting, I I sat sat down down And And pretty pretty quickly. quickly. You said You said I I love love working working here. here. I love I love you guys. you guys. But But the governor the governor across across the line the line with with me me last last week, week, and and she she asked asked me me what what I was I was referring referring to, to, and I and said I said He said. He said. He was He was lonely. lonely. He said He said he wanted he wanted a girlfriend. a girlfriend. He He asked asked me me if if I had I had slept slept with older with older men. men. He He said said He He was was willing willing to sweet to sweet sleep sleep with with younger younger women. women. And And at at that that point point that that was enough was enough for for her. her. And And she was she just was just like, like, what what can we can do we do here? here? Two days Two days later, later, she she says says she she was was transferred transferred to a to new a new job. job. It It felt felt to me to me like like if if I got I got a new a new job, job, we didn't we didn't have have to to investigate investigate this this and and I really I really did did not not want want it to it be to be investigated. investigated. I was I was terrified. terrified. You were You happy were happy with the with deal. the deal. Yeah. Yeah. But But after after the meeting, the meeting, Bennett Bennett texted texted her mom her mom saying saying she she felt felt quote quote happy happy and and relieved relieved and and sad. sad. He He shouldn't shouldn't have have robbed robbed this this experience experience or or this this path path from from me. me. Then, Then, on on June, June, 30th 30th Bennett Bennett was was called called into into another another meeting meeting this this time time with the with governor's the governor's chief chief of staff of staff and and general general counsel. counsel. It was It a was long a long and thorough and thorough conversation. conversation. What What Was Was the the reaction reaction At At first first they apologized. they apologized. They said They said it was it was inappropriate inappropriate when when I asked I asked them them if if they they could could let let it go. it go. Saying, Saying, I I don't don't want want this this to be to investigated. be investigated. Please Please drop drop this, this, you know. you know. Because Because I was I was scared. scared. She She said. said. You You came came to us to us before before anything anything serious serious happened. happened. It was It was just just grooming grooming and and it was it was not not yet yet considered considered sexual sexual harassment. harassment. So So for for that that we do we do not not need need to investigate. to investigate. Debra Debra Katz Katz represents represents Bennett Bennett in New in York New York state's state's independent independent investigation investigation when when she she said, said, I am I am terrified. terrified. I don't I don't want want you to you investigate. to investigate. What What they should they should have said have said is is we we have a have legal a legal duty duty to to investigate. investigate. honor honor all all the the women women who who have have suffered suffered in in 2019, 2019, the governor the governor signed signed into into law law an an amendment amendment making making it easier it easier to prove to prove sexual sexual harassment harassment law. law. He He signed signed himself. himself. Makes Makes clear clear that that sexual sexual harassment harassment includes includes creating creating conditions conditions that that make make someone someone feel feel uncomfortable uncomfortable because because you're you're sexually sexually propositioning propositioning them. them. Governor Governor Cuomo Cuomo was was a a champion. champion. Of Of A A law law that that made made it it easier easier for for women women to to claim claim sexual sexual harassment. harassment. That's That's correct. correct. He He also also mandated mandated employees employees in the in state the state takes takes sexual sexual harassment harassment training. training. On On Wednesday, Wednesday, the governor the governor was was asked asked if if he took he took the training. the training. Short Short answer answer is is yes. yes. In In 2019. 2019. He He did did not not take take the sexual the sexual harassment harassment training. training. How do How you do know you know that? that? I I was was there. there. I heard I heard Stephanie. Stephanie. Say Say I can't I can't believe believe I'm doing I'm doing this this for for you. you. I'm making I'm making a joke a joke about about the fact the fact that she that was she was completing completing the training the training for him. for him. And And then I then heard I heard her her at at the end the end asked asked him him to to sign sign the certificate. the certificate. In In a statement, a statement, Stephanie Stephanie Betton, Betton, Cuomo's Cuomo's office office director, director, categorically categorically denies denies the exchange the exchange and and says says This This is is not not true. true. What What do you think do you think should should happen happen to Andrew to Andrew Cuomo? Cuomo? I think I think you should you should start start telling telling the truth. the truth. I'm really I'm really confident confident in this in this investigation. investigation. But But if if this this investigation investigation finds finds that that he he has has conducted conducted himself himself this this way, way, which which he absolutely he absolutely has has because because I have I have contemporaneous contemporaneous evidence. evidence. He should He should step step down. down. And in a new statement, Governor Cuomo special counsel tells CBS News. We continue to believe the matter was handled appropriately and look forward to cooperating fully with the attorney general's review,
Former Cuomo aide on governor's alleged sexual harassment
"Exclusive interview with Governor Andrew Cuomo's former assistant, Charlotte Bennett says New York's governor sexually harassed her that he was trying to sleep with her. And tonight, Bennett tell CBS News who she reported her claims to and what happened next? I was nervous. I was emotional days after Bennett says Governor Cuomo harassed her. She reported it to his chief of staff, saying she no longer wanted to work directly for him. What happened during that meeting, I sat down And pretty quickly. You said I love working here. I love you guys. But the governor across the line with me last week, and she asked me what I was referring to, and I said He said. He was lonely. He said he wanted a girlfriend. He asked me if I had slept with older men. He said He was willing to sweet sleep with younger women. And at that point that was enough for her. And she was just like, what can we do here? Two days later, she says she was transferred to a new job. It felt to me like if I got a new job, we didn't have to investigate this and I really did not want it to be investigated. I was terrified. You were happy with the deal. Yeah. But after the meeting, Bennett texted her mom saying she felt quote happy and relieved and sad. He shouldn't have robbed this experience or this path from me. Then, on June, 30th Bennett was called into another meeting this time with the governor's chief of staff and general counsel. It was a long and thorough conversation. What Was the reaction At first they apologized. They said it was inappropriate when I asked them if they could let it go. Saying, I don't want this to be investigated. Please drop this, you know. Because I was scared. She said. You came to us before anything serious happened. It was just grooming and it was not yet considered sexual harassment. So for that we do not need to investigate. Debra Katz represents Bennett in New York state's independent investigation when she said, I am terrified. I don't want you to investigate. What they should have said is we have a legal duty to investigate. honor all the women who have suffered in 2019, the governor signed into law an amendment making it easier to prove sexual harassment law. He signed himself. Makes clear that sexual harassment includes creating conditions that make someone feel uncomfortable because you're sexually propositioning them. Governor Cuomo was a champion. Of A law that made it easier for women to claim sexual harassment. That's correct. He also mandated employees in the state takes sexual harassment training. On Wednesday, the governor was asked if he took the training. Short answer is yes. In 2019. He did not take the sexual harassment training. How do you know that? I was there. I heard Stephanie. Say I can't believe I'm doing this for you. I'm making a joke about the fact that she was completing the training for him. And then I heard her at the end asked him to sign the certificate. In a statement, Stephanie Betton, Cuomo's office director, categorically denies the exchange and says This is not true. What do you think should happen to Andrew Cuomo? I think you should start telling the truth. I'm really confident in this investigation. But if this investigation finds that he has conducted himself this way, which he absolutely has because I have contemporaneous evidence. He should step down.
Senate begins "vote-a-rama" for COVID relief bill
"Are back at work on the massive relief package. Senate Majority Leader Chuck Schumer, Val to power through and get the bill done. The nearly $2 trillion bill includes direct checks of $1400 to Americans under certain income thresholds. Indiana Senator Todd Young is positioning himself as both a bipartisan deal maker and a line of defense against Democrats agendas He kicks off It for a second term. Young was one of 10 Republicans who visited the White House to propose a smaller Covad relief plan. But he says he'll vote against President Biden's plan. He's slamming Biden's immigration reform bill, but says he'd consider legislation to help the so called dreamers. Young is in the minority in the Senate for the first time in 10 years in Washington, But he says, there are enough Republicans to stop some of what he calls the bad things Democrats want to do.
Dems trim jobless benefits, Senate debates virus relief bill
"As the Senate works toward approving a massive virus relief bill Democrats are agreeing to concession aimed at shoring up support the deal lowers a weekly emergency jobless benefits from the four hundred dollars in the house's bill to three hundred dollars while extending the payments for a month it's an effort by democratic leaders to secure support from moderate members and and narrowly split Senate Majority Leader Chuck Schumer is urging the chamber to quickly pass the bill and speed up the day when the nation can get past the pandemic or comedy can come roaring back but Republicans argue that doesn't require and nearly two trillion dollar bill our country is already set for a roaring recovery leader Mitch McConnell says there are signs the nation's twin crises are easing Democrats just want an excuse to push through a liberal wishlist Sager mag ani Washington
New Star Trek Movie in the Works
"A new star trek movie is in the works again again again. Yeah so we've heard several different versions now of star trek movies worse. Went from quinton tarantino was supposed to be an r. rated. That'd be some other ones where chris pine. Who's going to see chris hemsworth. Who was his dad. Go back in time a time drifting type deal and then you have this one now which is going to be written by fear the walking dead co executive producer kalinda vazquez who in. This article is commissioned by paramount paramount. Again paramedic riding an original star trek movie for paramount pictures. Along with of course j.j. abrams bad robot producing and so funny because bad robot is now all place. I mean. we talked about him on the monday. Show with the new superman story. That's in the works. Now we talk about possibly producing a new star trek movie. Of course we know his pass with the star trek movies. So i want to hear your thoughts. Do you actually believe that this will be the actual star trek film that hits the theaters. This is looking more promising than not at this
Top Cuomo aides reportedly altered nursing home deaths data
"Now let's add this to the pile overnight. The New York Times is reporting that Andrew Cuomo's AIDS rewrote a nursing home report in June of last year. To hide the higher death toll. They were told by the Department of Health in the state that more than 9000 people have died in nursing homes. By that point in June. The report was not yet public. And when the governor's senior aides discovered the number in the report, they edited it to take the number out, according to both interviews and documents that were reviewed by The New York Times. The New York Times refers to it as an extraordinary intervention. Which came as Mr Cuomo was starting to write a book on his pandemic achievements, and they claim it was the earliest act yet known in what critics have called a months long effort by the governor and his aides to obscure the full scope of nursing home death. That's a lie on by the way on behalf on the part of the New York Times, That is not the earliest that anyone knew. Cuomo's administration was meddling with the numbers. There was a report out of the daily caller in May, written by a great journalist, Andrew Kerr, who had spoken to the New York State Department of Health, and they told him at the time that they were beginning to reclassify nursing home deaths if the resident of the nursing home died en route to the hospital. In other words, In the ambulance or at the hospital itself. They wouldn't be considered a nursing home death. They were being removed from those numbers. So when the governor comes out and says things like, well, we counted all of the deaths. So what's the big deal? Why is it a scandal? No, no, no. You were carving out a certain percentage of those death to obscure where they occurred. And that's in the nursing homes and that was known early last year. The press, including the New York Times, ignored it. And now the New York Times is playing some catch up in claiming well in June, we now know The government's ate. The governor's aides were deleting references to the
February 2021 Jobs Report Is Expected to Show Only Modest Gains
"Monthly jobs report this morning. Economists surveyed by The Wall Street Journal expect February's employment report to show modest job gains and are predicting 210,000 jobs were added last month. Some 10 million jobs lost during the pandemic still have not been recovered. Hillary Barsky
Superhuman Engineering with Emuye Reynolds
"Humiliate welcome to the show. Thank you. I think we previously did a show with the superhuman ceo. Who'll and in that episode. We covered a lot of their high level. Challenges design challenges of building superhuman. And in this episode. I think will cover some of the same stuff but also dive deeper into some specific engineering challenges. I want to start off by asking you a question that i also asked him. Which is what are the canonical challenges of building an email client. One thing. i'll say. Is that the surface area is really large so the things you need to build to even arrive it. A basic email client is is quite a lot of stuff and then you know the way we go about building it where retreat speed is a feature. We wanted to be incredibly robust and we also want it to be really remarkable quality. That creates another challenge. Anytime you're trying to balance performance reliability and quality. There's some tension there. Do you want to go deeper into that. Like the into the the canonical challenges like given that you have been working on the engineering side. What are the engineering problems that you see over and over again. Sinking is the engineering challenges trying to keep an inbox and sink When i talk about reliability. I'm really thinking about offline and online is a challenge in general but flaky network is even harder than off line intermittent connectivity. So that's one of our absolute one of our challenges. The sort of fastness of data rate. You're you're dealing with individual email threads and messages each of which has you know. There's just so many different kinds of things that we see. That's another challenge. Parsing the different content and making sure it renders correctly. Certainly something we spend a lot of time thinking about there are so many email clients that are out there and yet there are new ones that are constantly being developed. What are the places where there are room for innovation in email clients. Yes great question. I think one of the main areas is just around these or experience. A lot of what you see is people building in companies building the same email client over and over again the same experience. That hasn't changed in years. And i think there is this just a general product that anytime you have billions of people using something They get used to using it and trying to introduce new behavior can present a challenge. But i think there is a lot of room for for companies to try to innovate there and to be opinionated. May it could be a things. Like to human treating speed as a feature mike what we do on mobile trying to allow the device allow users to interact with one hand. It could be other types of input like speech. I think speed can also extend to like the speed. People are typing and and trying to allow more writing assistance. It really comes down to the user. Experience does user experience design. Does that translate to tough engineering problems. Like i can imagine making a really smooth user interface or making a user interface that has quote a. I built in these. Are things that translate to tough engineering problems. Yeah i think so. I think it's it turns out to be sort of like. I said earlier the balance rate. Like if you're just trying to build a really innovative user experience. I don't think that's particularly challenging. But if you're trying to build it in a way that is incredibly fast also allows you to be really powerful but you want to be easy to use. I think those things present tough engineering challenges and also reliability. You want every interaction to be extremely quick but you also want it to ensure that the users intent is captured. I think those do present a very tough engineering challenges. How do you divide your time in your engineering role. I think it's It's different every day every week every but i have a few things that i'm really focused on. I'm really focused on building out our engineering team and culture and that's growing the team as well as making sure that we have an organization that can support happy engineers that are working efficiently. I spent a lot of time on the product side and really focusing on delivery and execution making sure that a lot of project management tasks are on track claburn a lot with our product team with our cto. I also spent a bunch of time actually with my hands the code. I think it's really important that engineering leadership especially to you know with small teams engineering leadership continued to really be hands on with the problems. So it's a lot of those kinds of tests thinking about our overall company business strategy and how that relates engineering and how we can really drive in as an engineering org.
Celtics Trade Rumors: Nikola Vucevic
"Do have interesting trade rumors. We didn't want to wait till after to get to them and they involve a bunch of big names that we've been kicking around on the thread on the on the live streams all of this time some really big fish out there. The Celtics are supposedly in on so we'll go Name by name. But again, this is Shams very plugged in the Athletic Club throwing out vucevic throwing out Jeremy Grant throwing out Harrison Barnes. These are all enticing names and honestly those three plus there and Gordon are probably the big fish house on the market Garden Of course dealing with the sprained ankle. So teams are wait and see there but those are the big names out there. We've been hearing them all the time. I'm going to start with Bobby's boy boo Savages. Part of that report was that it's going to be a massive Hall that we've been debating on all day Bobby what that actually entails but first this you turned on this guy meaning turned back towards this guy as Gore guy tell us why tell us what you think what you'd be willing to give up here for the Celtics to get it done. So I was never the biggest fan him and the sticks were previously invested in him during that Kemba Walker offseason. They were hot on him cuz they had the max cap space after Kyrie and Mortadella could have filled him down the middle. So there's a connection there. Obviously Kemba came along and grab that bone. Now, you have the chance to have four All-Stars on the team of chemicals affect them. They hated it. Yeah, and I still don't love it now, but I think context is everything you don't have cap space forever now wage only so many ways you can improve in the future. So why not grab the best player available? And I think out of all the options were going to talk about today. This guy's an All-Star. He pushes 30 points a game on many birth. It's eye dominant. Rebounder. Probably one of the best rebounders in basketball this year defense. We'll see I think it's all situational but he's kind of a disaster down there in Orlando defensive or a that could change in Boston and the three-point shot by zone is the best 3-point shooter above the break and basketball this year. So that's perfect in Boston pick-and-pop off and he'd get open shots above the are called a there he can post up he's seven feet. I know people will love that. He's a real big so he just give them a bunch of different options and outlets for offense and size that they don't have right now and this is what I love about and to John if they can find a way to clear types in a potential deal here clear Thompson in a game here and you're left with Rob and bukovic. See the dream. That's the dream. So look at it this way though. If you're the other team coming back, your don't want to take on Thompson or Thai so, you know, Rob is automatic berth. Certainly, if you're going to go big, you know to go get somebody else's big. I don't see any world in which you make a trade really any trade at this point in Rob Williams is still a Celtic. So anybody at home saying do do it do it I think has to get used to kind of giving up on their Binky which is Rob Williams, which is going to be hard for a lot of Celtics fans to be able to live with that.
Online platform Roblox plans to introduce 'safe' voice chat to talk with friends
"Video game news lately. Bread let's start with roadblocks which just announced an important feature coming soon a during the company's most recent investor all roadblocks vice president of engineering adam miller revealed they planning to launch a quote. Safe voice chat. So why is it a big deal that safe robotics has emerged as a popular online destination particularly for kids according to robots about fifty six percent of the platforms. Thirty two point. Six million daily active users are under the age of thirteen. So having a safe voice chat is a really big deal. If you're not familiar with roadblocks it's basically a platform featuring tons of user created. Gave us some of the most popular ones are adopt me players adopt and take care of pets and there's another one called welcome the blocks per where you can buy a house get a job and almost feels a little bit like sips. I play these games with my kids a lot particularly my daughter. Who's a really huge fan. The game right now only has text chat so you can chat with friends just by typing That's something as parents you can disable completely or if you wanna heavily taylor it. Depending on your child you can do that Robuck says they also have a lot of people working behind the scenes just to track appropriate language and things like that so that your kids not encountering something inappropriate now obviously a big concern with introducing voice chat if you are someone that plays online games on consoles or p c is potentially exposing players and stuff like profanity or other bad language. I mean obviously we have all experienced some level playing call of duty where someone gets a little mouthy and it gets a little weird but roadblocks could introduce privacy. Settings or younger players are limited to save voice. Chat with their friends like a lot of Other games it's by default. What they could do is make it private so that they're only talking to their friends but this is enabled that sounds
Jack Dorsey’s Square, Inc. is buying a majority stake in Jay-Z’s streaming service Tidal
"Square got a lot of people to do double takes this morning by announcing that it is acquiring quote a significant majority stake in jay z's streaming music service title for two hundred and ninety seven million dollars. Jay z will also join squares board of directors quoting the new york times title which jay z bought in partnership with other artists. In two thousand. Fifteen for fifty. Six million dollars provides members access to music music videos and exclusive content from artists but the streaming music industry has been dominated by competitors like spotify apple and amazon in two thousand seventeen. Jay z sold thirty three percent of the company to sprint for an undisclosed amount after merger sprint is now a part of t mobile earlier this week. Jay z bought back the shares from t mobile and most will be sold onto square as part of this deal. Mr dorsey and jay z began to discuss the acquisition quote. A few months ago said jesse deroga- a sect who will lead title on an interim basis. It started as a conversation between the two of them. He said they found that sense of common. Purpose and quote. Mr dora guscott said square which was founded in two thousand nine will offer financial tools to help titles artists collect revenue and manage their finances quote. There are other tools. They need to be successful and that we're going to build for them. He said and quote so this is one of those stories where the speculation and chatter around. It is almost as interesting as the news itself. I of course you've got the celebrity angle. Jay z and jack dorsey. It actually turns out that they are good buds. They vacation together. You might have seen those yacht pictures from the paparazzi okay but square a payments company and title a music streaming service of somewhat dubious success. How does a tie between them. Make any kind of sense. Here's what jack dorsey himself had to say. Quote it comes down to a simple idea finding new ways for to support their work. New ideas are found at the intersections. And we believe there is a compelling one between music and the economy making the economy work for artists is similar to what square has done for sellers square start at twelve years ago by giving small sellers a simple tool in order to participate more fully in the economy and grow. We did the same for individuals with cash app which now enables a comprehensive set of financial services for folks who weren't able to access it before title started with the idea of honoring artists by being owned and led focused on an uncompromised experience of the art. It's refreshing and right. The vision only grow stronger as it's matched with more powerful tools for artists inclusive of new ways of getting paid given what square has been able to do for sellers of all sizes and individuals through cash app. We believe we can now work for artists to see the same success for them and us. We're going to start small and focus with the most critical needs of artists and growing their fan bases and quote. So he doesn't exactly say it there but everyone is reading between the lines looking around at this current. Nfc madness. and remembering though. I didn't tell you about this. That jack dorsey and jay z recently announced. They were creating an endowment with five hundred. Bitcoin's worth twenty three million dollars plus two teams working on bitcoin development initially in africa and india. And so everyone's thinking. This is a crypto play as peter kaku tweeted quote. I would be surprised if there wasn't an nf story. Here that fits the jack story and seems to be what he's hinting at in his tweets. But again you don't need to own title to sell jay z's and tease this would be weird if square was buying a music streaming service that people actually used but it's much weirder. It's a publicly traded. Financial services company. Buying a failed music streaming company. I guess square shareholders won't complain because they've already signed on for the jack dorsey experience but whatever awesome artists and square story. Jack is promising here. Doesn't require a three hundred million dollar payout. To jay z quote. Other people can see other angles. Here let me give you some counter takes. This is jason delray quote. Plenty of people on the square. Buying title is dumb side. But i'll be on the other end. Could it be a mistake. Sure is the deal relationship based sure. Many are but squares incredible things for small merchants and for everyday people with cash so why not artists and quote. This is scott belsky quote for a big company to create an entirely new center of gravity inside it. You need a forcing function with this lens. And the growing need to outfit the creator economy with financial tools. This seems a logical step for square and quote. This is dr sanjay quote square acquiring title to focus on new ways for artists. Monetize is going to be seen as the watershed moment of the creator economy. We're tilting away. From platforms capturing all the value to the people creating the content doing so directly for fans or indirectly via ads and quote and finally turner. Novak goes really really wild but then it doesn't actually seem all that wild when you say it out loud and then think about it especially when you see the products that twitter has been building out lately. Newsletters spaces quote jacqueline so deep into the crater economy with twitter. The past six months it leaked into square a great acquisition. That will ten acts everything square has been doing with consumer user acquisition. Not outrageous to think he merges square and twitter at some point and quote.
Tom Hourigan, BBC News Journalist, on reporters' mental health during the pandemic
"Tom to journalism dakota uk podcast. What's the working situation like fuel cell from the moment when speaking Pretty normal ashley for us. I'm part of the main national radio. Newsroom at the bbc's headquarters in london. I'm for the most part we have been working in the office and that is mainly being technical reasons other than anything else. The bbc simply hasn't had enough laptops to give out to the hundreds and hundreds of staff that we have so we have been coming into the office. Open very kovic secure. We've been doing covid tests before we started a run of shifts with social distanced Meetings on zoo now So it's all very siphon. It's quite strange how quickly that has become normal practice compared with how we were just a year ago and running a completely different sort of operations. So we're still producing all the same content. Hopefully listeners won't notice too much of a difference but it's actually quite different in terms of the the way that we're working in the office. But i have done very little working in the large air and so i've had a more normal pandemic than a lot of other. People are surprised business as usual than yeah. I guess oh Because the knees wheels. Keep turning. And i'm working on output for radios to full mainly and there are huge audiences to stations. Who are expecting us to be giving them as much corona virus news and updates as we possibly can and so we don't have a choice you just got to keep on trucking and you've been busy In january this year you launched your website news break yes and that came about because i was alarmed quite frankly at the start of the year any people i was saying on social media and this was journalists from across the sector and not just broadcasters that i know people the i never met who seemed to be really quite despondent that we got into twenty twenty one and things hadn't changed from people i've spoken to over the last couple of months even though it was obvious that we weren't going to get into january and suddenly everything would be k. Again i think psychologically people thought that that would be the opportunity to maybe look full woods getting into a new year and yet because nothing did change. People started to think well. How much longer are we going to have to do this. How much longer are we going to be. Just bombarded with so much grim information that we have to process and imparts an audience in the clearest possible way that we can seemed endless. You've already seen a range of contributions from reporters at pale. See sky news and global radio. What's been the key takeaways of those pieces and some of the common messages is being amazing. Really how willing people have been to be completely honest and upfront about the experiences that they've had we've had a whole variety of experiences shed with us from people having to move home in the middle of a pandemic and going through personal tragedies like the loss of relatives at having to juggle that with the grenades that processing a work and having to strike some kind of balance and inevitably taking a huge toll on them. And we've also had people talking about the ways in which their day-to-day lives have changed work. You know we had somebody right for us in local radio who has been pretty much entirely working from home in a way that hadn't happened during the pandemic and yet there is still the responsibility on them pretty much. Is the soldier journalists for that local radio stations to provide listeners to that station with the same insight sign local knees into stronger balance between bringing people the information that needs to about corona virus. And everything that's going on. We're licensed the pandemic in their area but to find light shade to how he had taken great comfort for his own personal mental wellbeing. In seeking out the happy stories the quirky stories. The thing that people remember at the end of the knees. I think shown the there are so many different approaches to dealing with wellbeing to managing your own wellbeing. And there is no one-size-fits-all experience. Of course there is. Everybody stories is individual but the way the people have dealt with. I think has given something people who've read the articles on yeast break a little bit of an insight into again making them that they're not alone that they can be a route through even if things seem really difficult. Great to have talking about experiences isn't just writing into the void it's resonating and having that ripple effect as it were. Let's come onto your own experiences with mental health tom. What can you tell me about that so. I was diagnosed with health and cries. He some years ago evan. In a nutshell. It's basically what used to be called hypochondria. But i would suddenly develop a symptom of some salt. Be that Amal come my body or a strange sensation. In my chest you focus on it. It becomes something that you come ignore. The more you worry about it was the simpson becomes suddenly. That's the way you perceive it because the brain very cleverly is mimicking the simpson rav of actually being a sign of something serious. But you don't know that and because you have the status in your minds. The nagging doubtful sajida to adult show. You go have various tests the knees really and until you get results. That comeback clear it's negative than you can't rest up econ rest easy and that becomes sometimes. We'll encompassing it. Got so bad for me that i had to go into therapy because it was taking every waking soul when you're trying to do a job like mine as journalists with you gotta have your wits about you gotta have you full focus and i couldn't devote mine time line sometimes so the task in hand so i that something has to be done about it so i went through several courses of therapy and ended up taking medication. Which is she helped me a lot. It's not for everyone in my side. That everybody i speak about this but for me. It is certainly helped for me to get in control of the health anxiety. It's not a kid by any means. I think very few people who've experienced mental health problems that the kid somewhat like that but it certainly allows me to be in control of the rather than it being controlled mate.
How to Make More Money With the Team You Have
"Whether you're a team of one or team of one hundred there are certain tasks you can do to bring in more cash and in today's episode. I'm gonna put on my frugal hat on. I wanna make sure we squeeze as much money out of the current team you already have. Spending money is not the answer first. Let's maximize what we can do with who we have once we do that. We want to take things to the next level. Then we can consider bring on somebody else on our team but we need a maximize who we have right now and you'll be surprised. How much output. How much benefit how. Much money you can generally in new sales. You just realign certain tasks for your team members no matter what department during before we get into the nitty gritty details. Let's discuss what are the ways we can bring in money will really. There are three ways to make sure we make more money in our business to bring in more revenue. The obvious one is just more customers. More people buying your products or services. That's number one now. A lotta people. Just stop here. They're like just more customers. Well there are other ways. Money number to each customer spends more money so instead of each customer spending fifty dollars Each customer spent one hundred dollars. You just doubled your revenue cages double. How much money you make without even bring in new customers. This is often called lifetime value. Now i want to explain this one before we move on so yes you can bring in more customers number one number two. Each customer spends more doesn't necessarily mean they spend more when they first by they can buy one product but then they come back and buy another or they upgrade their plan or they have an ad on attitude their plan or they go from Your membership to your private coaching point. Here's at the same. Customer is paying you more money and lastly is retention is keeping your customers now if you have a software company like sas business where people pay you every single month for membership or you have a community like ecorse course community where people learn from you every month or you have monthly. Coaching any reoccurring model. This is essential. Okay you need to make sure you keep your customers. Even if they're not spending more by keeping your customers you basically plug any leaks in a bucket right. There's no sense in bring in or working so hard on marketing to bring more customers. If just as many leave you okay keeping customers actually a lot less expensive than bringing in a new customer. Now save for example. You an ecommerce store. You're in retail. And you might be well. I don't have a membership model. Omar people buy from me and then they leave. Well that's okay but you need to make sure they continue to buy from you. You have to see this as a membership model if somebody has bought something from your ecommerce sore And they haven't bought from you in months. That's a problem. You need to find ways to re engage with them. Give him reasons. Give him purposes to buy your products. Yes maybe they bought for themselves. But hey there's a holiday pretty much every single month. Have you bought something for your mother for mother's day one about fathers day. What about birthdays christmas. Valentine's day i can go on and on but the point is is that people buy things for other people not just for themselves make it so it is sort of a subscription model to get them to come back and keep buying. That's a reoccurring customer and if you have great quality products they will love you for the gift ideas all right so these are the ways people can make more money. So how am. I gonna tap into my team to do that. Well everybody on. Your team has a job already right. They have duties. All you have to do is refocus. Those do these to apply to one of those three things. So i'm gonna give you some examples. Let's say you have somebody who's doing customer support. They're not selling. They're not bringing any new customers but they deal with the customers that they already have the ones that are asking support questions or asking questions about products or sizing or whatever. It is if you want retention. If won't people coming back. You won't be able to keep paying you. These people are your soldiers okay. These people are going to help you big time your support team. If you have a sale going on you've ever promotion going on. They should close off all conversations with a reminder of that if there's a better way for them to save the customer money i know. This sounds out counterintuitive but you can save the customer money varroa wrong plan for some reason or they're spending their money on the wrong things by giving the customer advice. Hey you can actually do better on an annual plan versus your monthly plan. You could save up to one hundred and fifty dollars by going annual. I noticed you've been with us for a year already. The customer gets locked in you get upfront cash flow and the customer really appreciates you looking out for them so get your support team to actively keep your customers happy and can keep them Retained and continuing to pay you now. This isn't happened by accident. it's obviously takes training. But if you allow the metrics that they're measured against to be aligned with this this is what's going to work so when you're evaluating your customer support team make this one of the things are evaluated on retention. How many customers they save. How many customers do the upgrade the hits her milestones. You can give them a bonus you can give them a raise whatever it is incentivize them because at the end of the day people need a carrot.
Dealing With Uncertainty With Kulap Vilaysack
"Abandoning trash. I'm really really thrilled. Because go to make a unlike a ways through this podcast but you've honestly been on my list like a dream guests for a long time. Yeah accessible to you yes. We are all very busy. And for a lot of amazing reasons which i would love to like dive into because your career honestly i mean in my direct circle of of humans that i know like i truly admire and want to emulate your path really. Yeah oh that's very here especially when like last you know now. Three four years. I just haven't been able to like do the next thing. Things haven't worked out so really feel that way because you know maybe there's hope for me yet i will. I'm going to go off my vibes. I think i think i can't see anything not going for. Its ultimate highs. Good with you. I think my god in your mouth to the university. I'm channeling okay. And i'm putting it out there because i don't know it's just something about when got to meet you and then spend more time with you in our eight-plus group which i wanna get into a little bit in our in our shot but just like honestly like having witnessed what you've been able to do with like gazillion dollar properties in link and acting in like your ability to adapt and like your openness and the now your podcast like i'm basically prefacing this entire conversation right right up front yellow billboard a baby we're billboard out of this but it's just honestly there's a lot that kind of come up in my in my podcast that i don't even know how i got here because i thought it was like if i do. Ten episodes were good but like a big theme. That's emerged out of a lot of these conversations. The the the value of persistence and the ability to be resilient and pivot. And just keep going you know f. It's like completely like. I don't know what the hell is happening right now. Where we're just gonna go with. Yeah so i mean you do that to me. That's like the vibe. I get from you and just a lot of like joy and positivity and like let's handle us well for some. I think it's a it's a. it's a add. Certainly been around folks. have career trajectories have skyrocketed. It by the way all those people are hard workers with like with ability and Material to like take them up there But for me it's more of a long game. It's a steady you know. Isn't it for all of us. Seen folks they do you know and that is that is they're weighing in. It's you know it's part of my by doing is an end discipline is just. It's not mine. You're not my way and they are things you can't change for sure. That's the okay. I'm recognizing i would love to know how you've been navigating twenty the the joy that was twenty twenty I mean you know navigating you know if you know if there's just a boat that's not sinking but it's still as humanly possible makes it sound like there's like you know we're heading. We're on our way general floating. Yeah mine is more just sort of like a rafts that has not sell. No ores getting imagery right now. There's a point where the tide get really rough and you're like i got nothing man just going to end up where we end up was really boring if again not be ocean. Oh i should be clear. It's not the ocean we're body daughter. Is this what did this. Euro said health anytime. I laugh off after last year's been like i'm digging man. I'm digging. i'm digging up old. Sean spicer melissa mccarthy videos too like spark showing who i really do i really
Healing Your Body After Alcohol With Bryan Bradford
"Hi brian how are you doing good tricia. Thanks so much for inviting me tonight. Of course i'm so happy to have you. I know we go back a long long way. Known your family for almost thirty years and talk. Yeah your sister definitely started working for you guys twenty years ago. I miss you guys all the time. But after knowing you guys for so long and hot in for shopping at this flower shop for so long i know you are the guy to go to when it comes to talking about like more natural solutions for for repair essentially and for just for overall health. So what i did was like crowd sourced. And i got all the best questions from everybody and they are dying to pick your brain how they can recover in sobriety so i have won the honor of being the biggest erred so yes definitely be happy to answer those well. Let's get the party. Started the number. One thing that people want to know about is sugar cravings eliminate alcohol and then all of a sudden. We're dying for sugar. How can people deal with this in a healthier way. It's a great question. Tricia in is not just for alcohol. I mean this is type. Two diabetes is probably such fast growing disease in our country. Right now and so really. It's blood sugar. Prominent everybody is happy and so when it comes to that question. I always like to talk about the chemistry of the body a little bit and some people get bored with chemistry. But it's important understand our body a little bit more so you can understand why we do this and not that and so i like to talk about the hormone cortisol. Most people heard this hormone. Because it's your stress hormone so when you're under stress your body produces more cortisol. The problem is actually to other things that drive cortisol to go high in the body beside stress. The second thing that drives cortisol is is inflammation. And we know that alcohol can be one of the contributors of inflammation and the third thing that tribes cortisol up is drops in blood sugar. So when we were going through drinking binges or maybe eating too many carbs sugars you were just causing your your sugar to spike and crash throughout the day and this also made this hormone cortisol do the same thing so when this cortisol mechanism gets engaged. You're basically engaging most people know asked the fight or flight syndrome we talk about fight or flight all the time in recovery for sure. That's right. Because i like to talk about it on the chemistry level because we all heard the term stress did no one knows what that really means to the body. So i'm gonna put it in trying to pitch this through our audio here. What cortisol is that fight or flight hormone which means you were designed to run away from danger but you really weren't meant to eat and run at the same time so what the body does particularly what cortisol does is that when cortisol goes high is suppressed Digestive function. so this is a lot of people are not hungry when their cortisol is. Hi how many of you are waking up in the morning and you're not hungry till eleven twelve clock. That is not normal. We've most of us should be hungry as soon as we wake up. Because we've been fasting through the night but that's not way most of america's going right now so this is leading to an issue really of this sugar dysregulation so maybe night we had too many carbs. We are chocolate and popcorn and glass of wine percent people then basically. We spiked her blood. Sugar up in when that blood sugar starts to crash. Cortisol starts to go up so when we are suppressing our digestive system with this cortisol hormone. And now you decide to eat that piece of chicken or that hamburger whatever it is that protein yours. Your digestion has an acid in your stomach called. Hcl that's supposed to break down these proteins but when it's under suppression. The food sits in the stomach. Too long inserts to ferment. And so a lot of people start experiencing some bloating or belching or more gas sometimes. If it goes on long enough it turns no heartburn indigestion and then these undigested proteins that undigested piece of chicken that did not break down very well starts to go into your small intestines and now your small tested that proteins too big to be absorbed properly so your immune system starts to attack that piece of
"deal" Discussed on Here's The Deal
"Folks in the house..
"deal" Discussed on Here's The Deal
"Could possibly face people who provides some advice and and and lodging information on their crony virus crisis that we're facing so each week I'm going to try to do is be joined by one of those experts. Someone who can offer us some helpful information then. The two of us will answer questions from you and our first episode. I'm going to be joined by. Ron Ron is an outside adviser to my campaign. The ABOL response in President Obama's administration in two thousand fourteen. And so he's GonNa talk to us about a few things first. About how President. Trump downplays this crisis. How he has rattled public confidence and delayed our country's response next. We'll talk a bit about my plan with the federal government. What they should be doing now when I say now. I mean immediately to combat this crisis and finally take on some questions from our listeners. So with that. I'd like to welcome Ron. Who's an old friend to the show? Ron How're you? How good thank you. Sir. It's a pleasure to be with you on your very first good to be doing my very first podcast. Things are changing on awful lot. And Ron I'm going to with your permission. Ask if you questions. If that's okay sounds great. Let's do it Ron. I think it'd be helpful if you could walk our listeners. Through the question on top of everyone's mind is there a shortage of testing? And why does that exist threes? Well this is one of the biggest problems we see with the krona virus. Response as you've said instruments President ROTAVIRUS ISN'T DONALD TRUMP'S FALL. But how we respond to it is. And there's no issue that illustrates that more than this testing fiasco Donald Trump didn't take the steps needed to get the testing in place as a result. Compared to almost every other developed nation. Were behind on getting people. Tested probably done about one. Twenty fifth of the tests per capita that South Korea has done and Lee both countries had their first taste of the exact same day. There's no reason why this country should be so far behind. Nations like South Korea. Intesting it's p. but we have the same technology. We have came experts. We have even better doctors and healthcare facilities yet. Were really far behind that problem fall squarely on the shoulders of president trump and his administration. I I'm determined that this should not be political. This is not about partisan politics. It's about how rapidly we can put in motion the initiatives that are going to save people's lives and get us through this process. And I thank you for clarifying. The World Organization had the formula. We could've used immediately instead of waiting and developing our own way of proceeding. Let me ask you another question if I may. A lot of our listeners are interested in how we as a country handled past health crises when the crisis it you were my an President Obama's first pick handle it. Take us through that moment. And what you did you personally when we ask you to do it. The president asked me to do it. What did you do on Day One? Well you know Mr I suppose you're you're there you remember it very well. What you and the president told me on day one was to put science i. I'm not a scientist. I'm not a doctor. Then the problem we had at the time was that you had great advice from science and doctors. We're trying to having trouble kind of getting. It implemented trouble getting the treatments into West Africa trouble getting are hospitals ready all these logistical challenges and so the direction from President Obama from you Vice President Biden was. Let's take the best advice from scientists and doctors and turn that advice into action at. I think by contrast we've seen here with the trump response to viruses a failure of both things. The president notoriously is rejecting the advice of scientists and doctors. He's not listening to people who are telling. He didn't in January and February when these experts were telling him. We have a big problem. Who's going out downplaying? The problem he was saying latest February willing have shifting cases down to five and a little little while. You just wasn't listening to this great experts. We have in the government non arson experts. Doctor Faust serve all the way back to Ronald Reagan and is still working on this and Dr J. Dr Xu Pot people. I work with on the ABOL response. They've been different decades. He just kind of pushed all these people aside. What was whatever he went is politics gut. That's very different from what you and President Obama ordered during the response and I know it's also very very different than the way you've been seeking Mr Vice President about the response to Corona virus. And I guess I'd like to turn the tables a little bit and ask you to take a few minutes to talk about your plans for dealing with corona virus. Which I know was so heavily influenced by the leading scientists leading medical experts. You've consulted were. Can you just talk to the people listening to us about your plan? What the key elements of your plan. Our first of all I should let people know that with your help. I put together a panel of experts including former heads of the CDC and other organizations and who are not actively administration. Now and. I do With your help and coordination and others daily brief and they give me a detailed outline ahead of time with charts showing the trend lines In our country and other countries and so on how many tests etc so I think there are few key things that we should be looking at and there's a Important thing that my plan is as I said informed by scientists I. We're GONNA make sure that testing is widely available and free because we learned early on. There was a fear of people that if I go get a test is gonNA cost model this money. How can I pay for it? What will I do and free but available and that everyone needs to test could get it and we need to establish these mobile testing sites. We came up with the idea of at least ten of these mobile testing sites per state and drive through facilities to speed testing as well as protect the healthcare workers. Because that's a grave concern as you all know developing concern secondly from the experience I watched you and our military put together in Africa the ability for us to be able to provide mobile hospitals. And I don't just means a two hospital ships we have. They're important but mobile hospitals on the ground in places where you can determine ahead of time. There's going to be a significant influx of people needing hospital beds and ICU units. And so we talked about that female. Us military. I argued to be setting up these emergency hospitals. That can be dropped in a parking lot. There needed for example. Now you know there's there's one being open the javits center. There's three of them going up. This is a little late but finally the governor got The White House to and and the National Guard to move but my point is that provided for mobile hospitals. You know have to be. I'm obviously not a either but you don't have to be a doctor and you don't have to be clairvoyant to know where they're going to need these hospitals These additional beds. I should say and third thing I argued for as we were going to need to make sure that we're protecting the doctors nurses and all the healthcare workers on the front lines. That means the protective gear so that they can be safe as they protect corona virus patients. You know the president We argued I argued. I said had to in fact invoked the defense production act which to the average. American is like a lot of mumble jumble but what it means is he has the power under the law to go to a private sector company and say want you to stop producing what you're producing begin to produce the things we badly need. We'll compensate you for it. But that's how it gets done to provide for protective gear like facemask critical like ventilators. That are so desperately needed our hospitals. And we're a nation. We're the ones that built the arsenal democracy in the forties and we can make personal protective equipment to healthcare workers in twenty twenty. Look we did back in nineteen in the forties and so it means accelerating our work on cures and vaccines as well as doing other protective things. We have to do to finally overcome this pandemic. And as you know we've worked on things and when as vice president dealing with cures act and other may mechanisms were investing money to look ahead. Look down the road not just waiting for waiting for what is on our plate. The fourth thing we had to do was is that Finally Ron is that as about economic aid people are going to need our help and our guiding principle has to keep everyone paid through this crisis. Be Able to get a check that they've been getting. We should be doing everything in our power to keep workers on payrolls keep small businesses afloat and helped economy come out the other side strong. It means it. Means providing guaranteed emergency sick leave in caregiving homecare giving leave it means increasing social security checks by a couple of hundred dollars a month. It means forgiving a minimum of ten thousand dollars per person of federal student loans. We saw how as we came through the last economic crisis. This generation got way behind the eight ball because of the difficulty that took us to get out of that and we got out of it. But get out of that God awful mess and means all these things and more and Ron. The point is we need to put families. I during this crisis. Because it's that that's what it's about I mean and it's one imagine you're in a situation where you have no very little equity in your home. You're renting an apartment. You have no savings you know. I've spoken a lot over the campaign unrelated to this about how you have a significant portion American public. Who if they got a bill for four hundred dollars that they didn't expect they'd have to borrow the money and go out and sell something? Well there's a lot of people are just getting by as day today today. That's the essence of where I think we should be focusing. But it's not yet now now now yes. I think that's I think that's really helpful. People Vice President. I think it's important for people to know that. You're talking almost every day with top economists about what to do about this you're talking to congressional leaders on Capitol Hill and and making the point that it's important that as we fight this economic crisis who focus on people in families not corporations. We help the people who need it. The singles Mrs and not just big corporations who are in Washington right now looking for government handouts and so your leadership on this. I know it's been very important behind the scenes and I think it's great to let people hear from you directly about what you're fighting for now. It's time for some questions from our listeners. And Ron you stick around for a few more minutes.
"deal" Discussed on Deal of the Week
"Origin story which is it derives from basically it's peterson and steve schwartzman where the two founders and so petra is the stone as usual it is a black so they came up with blackstone so important they may be to blaming they were they were founded in 1985 because we've got an all black rock was part of blackstone said they're they're they kinda where the waved like translated portman to of their names it is at that which actually has sought of that meeting that's legit but when you think about all the like crest view win there's what there's one from years ago or other across our our friend jonathan keener and i wrote about coq view which is a bit of a mouthful and eat there are lots of different it a rations of this yet i don't i don't totally have an answer as to why people do it maybe they hamid to gonna put you on as far ahead as it does it you've written this before we we found out story by you which is has this very interest very interesting to me fact toilet which is that if you have an authoritative sounding word in your name as a private equity or as a hedge fund research as a hedge fund orator as a hedge fund you will be able to bring in and you got a very exact figures two hundred twenty seven thousand dollars a year extra so we obviously does matter having a name that has rocked coastal river or something like that well per this study arisen name that has gravitas in the name in some manner and that according to the study in it looked at over eighteen thousand hedge fund names and said that you know these these funds have gravitas latin laid names attract more money especially f the word references economics nations in politics and they do sort of ad this sort of hedging here that you know when and alec hitter realizes the performance of the funds they adjust their their exposure to that fund accordingly which makes sense.
"deal" Discussed on Deal of the Week
"Lands to move to the us but an eighth still gets the vast majority of its business from asia i mean we have no idea really how us regulators are going to look at this obviously these use us regulators in this particular administrative although it's worth mentioning the hawk time when up in front of trump put perhaps cynically or perhaps not like two days before this deal broke he was in dc at the white house and i think trump sorta recognized him as a great great man but we've sort of seen other examples of companies that have sort of need those overtures and thought that it would work in their favour in and it didn't such as the aunt financial money graham deal and that you know that's a perfect day they had that pr stein and then regulators are like nope sorry moving along but as far as the time line suffer get the brocade acquisition that broad com disclose which is another reason people thought he went and made nice with trump wants to get sign up from that that took i believe ten months so and that was a significantly smaller deal and i i that time line is very aggressive we don't know how much the ticking fee is that well it won't fruit from one of them the stand in his comes from talking a a few people involved in the deal yesterday the taking feet and the break feet they wanna negotiate both with qualcomm so they're line at the moment is let's get qualcom to the table and then we can start to have a sense of conversation about will what's your assessment of risk versus oz how can we compensate you if we sort of go longer than we think it will also on the break feed should be noted that people have been saying potentially up to ten billion i was told it would probably be slightly less than that we somewhere between six and eight which is an enormous lies a it's a lot but you know there is there is always risk to this tale and if your if your qualcomm you have this tantalum plan the orbit they haven't deliver them thus far but they think they have a great.
"deal" Discussed on Deal of the Week
"You know broad com is very different name dustin rd but it's much more focus is no you know let's dream up these fancy projects that are going to compete with apple or can beat without whatever it it so do you risk losing talent a b by merging some and there was that we talked about this a little bit billion there was this the it has always felt like there's a certain so the high mindedness to took qualcomm that that i think is very much a baked into it in and i think back to some of the other sort of mergers of a sort in this business there were two private equity deals here of free scale nxp which are now nxp together and free scale of course i mean that was the old motorola business mean and again like a very distinct cultural business that went back to the very roots of the of the chip industry and his now potentially going to be the third or fourth leg of this zero if you i am complex there was so another thing to oversee we have to grow on this is antitrust neil are some of the issues around that now it was interesting i was on there yesterday when this thing actually hit and we will reading through the release in real time one of the things at the top of the release it was most fascinating and eyecatching as as a deal person is taking ththey that they put in there so broken effectively it said they are so confident that they can get this thing closed within a year which you put the next one xp as i say is already month nineteen is not yet closed the socalled and a he got it done within a year that they said for every day or week or month off that you we will affectively stop paying yugai some interest and that strikes me as either this sort of bluffing and that just way too bullish all they have some fundamental belief about the ability to closest that maybe we we done yet i don't see how you could be sosa i mean in this environment right now and seeing the relative capriciousness that regulators seemed to be taking two more europe they may asia and in the us now well it's also not forget that broad it's still a singapore company joss the vast manure.
"deal" Discussed on Deal of the Week
"Brock i'm released this week were they increase it they didn't spell out what the exchange ratio for the stock portion is which is sort of interesting because even before we had this dramatic market route broad comes stock was down since they announces deal in some of that is just sort of concerns about peak cycle and semiconductors in general but also sort of uncertainty about the deal you know how aggressive will broad come automatically be will they make some sort of uneconomic decision here so i i think that exchange ratio is gonna be very interesting once we finally get details on that and how that works well one of on subzi as as a sort of someone who covers duels across sectors one bit of uncertainty and here which is so unusual of fessing is that if you're a broken shareholder you ultimately don't know whether they can buy qualcomm or they can avoid qualcomm nxp annex piece of forty five billion dollars how can you go into a situation is that as a kind of you know maybe a will maybe we want a broken have said repeatedly they wanna do this deal with or without nxp is so is just an off the foot took about one of the biggest companies in the world brooke i want to bring it back to sort of what happens next we have i think the next really meaningful date is march the sick which is a shareholder meeting for qualcomm what could we expect to see between now and then well we're also wearing it annexed peace earnings in the meantime which i think will be super telling as far as you know the underlying fundamental case for these activists investors and other shareholders pushing for a higher price on i don't it's not inconceivable that you could see some sort of decision on nxp before we get to the march six meaning because if you're qualcomm management how many fires do you want to be fighting at once do what you know you kind of have this on both sides here and so i think you know what they have sort of intimated as they have all these different regulatory battles going on with nxp and they got approval from europe they're still waiting on china i think if you saw that approval from china than you could start to see may be some more price action as far as an increased bid for annex p but then the.
"deal" Discussed on Deal of the Week
"Or terminated so that very clearly left out the option of an increase bid for an x t which at this point it looks like you have to raise your bed for nxp if you want that deal to close elliott management activists investors sort of leading the charge over there for more money they have a decent amount of facts on their side as far as arguing for a high valuation so you know i think at this point if a deal with broad com happens you almost have to assume that nxp isn't part of it and in their slide deck they actually had you know some sort of i don't wanna see disparaging but not overly supportive comments about nxp in the quality of that business would certainly seems like the type of thing they're not interested in it's sort of like they'll take it if they get it at one ten but they're certainly not going to be the ones pushing an aggressive pursuit here there are so many variables of this deal does that mean to me it's too so fascinating in the league this variables there's gamesmanship mean even just what you described brooklyn all of these elements of having activists involved in an having these these companies you've got apple sort of out there is this element that investors have to factor enemy the it it's amazing to me aren't yesterday goes giant chess game and how these labelling threedimensional right against the backdrop of a very very uncertain regulatory environment oversee trump has made it even more important than at once was and you have these deals the i mean look nxp qualcom that deal is already in months i think nineteen of his regulates review not done so whether or not they agree a deal is only half of the equation because then you as she going to have to get this thing approved which he's going to be a months to process well and also factor in what we've been experiencing over this week with the equity markets and obviously these stocks are moving on a lot of speculation round the deal and yet you can't rule out the idea of a real live market correction that makes every emanate deal out there re price to a certain extent well and that's an interesting point because an offer that.
"deal" Discussed on Deal of the Week
"Yeah and in the band and welcome to the deal of the week bloomberg podcast on the world of mergers and acquisitions i met hammond show host and i'm joined this week by broke sutherland one of our parliament's here on bloomberg gadfly and once again by up euro chief jason kelly this week we are going to be discussing the latest in this big ongoing hostile situation between broke the huge semiconductor maker and its rival qualcomm and also potentially nxp her on the foreign of it so broke com made a hostile approach for qualcomm back in november about seventy dollars a share that was initially rejected they did early this week what were you knew they would do which was comeback with a higher of it was higher than i think most people were expecting at eighty two dollars a ship but and this is very important qualcom traded down on these brooke i'll put you on the spot why i think it was partly to do with the fact that broad said this is their best and final offer and their son concerned that maybe the qualcomm management team that that's still will not enough for them to get them to negotiate in that kind of creates this ongoing saga but i think there was also a report from an analyst that said he thought that apple would take both qualcomm and broad com chips out of the next iphone so that i think contributed significantly to the selling pressure which is probably why such an outsize declined relative to sort of the read of the increased bid a moment thing they said in the release yesterday which was was very unusual was the f qualcom paid more than the one hundred and tell them ten dollars a share that it's already agreed to pay for nxp they would effectively abandoned the their off do you think that something that got some investors spooked as well in terms of qualcomm maybe not you're not wanting to the steel it now has a very easy poison pill in the form of annex xp sure i i don't think anybody should be surprised by that because you know i it was certainly the strongest statement we've seen from broad come but they've had before language you know this is contingent on nxp at one hundred and ten or.
"deal" Discussed on Deal of the Week
"He says he sort of embodies so much about their emanate department that i actually think it was potentially net negative because other people who wanted some of the lima i wanted to be stars left and they went elsewhere because you just have one or consuming personality it's true and and i do think that there is some risk to it i guess the counter for me would be banking especially private equity certainly less so hedge funds they're all so intensely relationshipdriven and you know one of the things i wrote something right after jimmy daley passed away and and the quote that that someone gave me for it that ended up in the headline was let's go see the guy yelling did and that was jimmy sort of animating force was he was going to get on a plane get in a car pick up the phone and ultimately wall street i think especially if you get out of trading in into banking in dealmaking is about having some wintrust you and that is really all about the long game and so hedge funds are often be a less so about the long game but when we really talk about uh wall street i think is as you and i did it sort of run around it and some of the people that that we encounter these are relationships built over years if not decades and in when things that that struck me this week in the news is this is this new health care company that's being formed by jp morgan berkshire hathaway in amazon obvious those are huge influential companies but to me part of what is so fascinating about this is the people that are at the top of these companies you think about warren buffett you think about jeff as us and you think about jerry diving who we've been talking a lot about mean this is legacy building to some extent but this is also them putting their personalities and they're kind of personal ethos and beliefs about what needs to be fair.
"deal" Discussed on Deal of the Week
"No did organiz around did organiz run a person and there is a danger to that right i mean one of the reasons that you do ultimately default to an institutionalization is that you don't want that to use a term of art and wall street that key man risk absolutely no and you look at something to use a a a very sharp example from the news of the past year you look at somebody like harvey weinstein miramax was very much a function of his personality and win that personality is found to be doesn't survived the downfull deeply flawed it does not survive yeah i and i think the other thing we should we should definitely riven series you know if you look at the the activists funds particularly where you have these big name some of which we just talked about they've not actually dumb that while recently you know they had these boom years immediately after the financial crisis and i think that was to some extent a response to people who have fatigued with this kind of cautious optimism them kept on herring these kind of very dole tom's coming out french crisis and then all of a sudden you have these sort of swaggering larger than life characters who are making successful bets they're picking a lot of hanging fruit shaking up these companies but that seems to be coming to an end and actually we saw ackermann's pushing square put out fairly unflattering results assets under management continued to ford and had another part yet and others similarly are doing much less well carl icahn office he got slightly caught up in his dalliance with the government and whether or not there was something for party there and this did you seems to be a lot less momentum behind these big names and i i think you're right it moves in cycles what's sort of an apparent to me is who the next crop of these superstar vest it's going to be what they're coming from the private equity side where they're coming from hedge fund side or indeed where they're coming more from the traditional investment banking model the just doesn't seem to be any one of the sort of i suppose the sort of thirty five to forty five generation who is making that hanoi's well one thing.
"deal" Discussed on Deal of the Week
"Yeah and in the band and woken deal of the week bloomberg focused on the world of mergers and acquisitions i'm at hammond your host and i'm john again this week by jason kelly our bureau chief hit in new york i'm we are so short in time today said we'll get straight into it jason the news the is kind of capturing armand generation is wanting is jamie diamond the sort of big swinging chief executive jp morgan chase he came out earlier this week and said he would be stepping down in five years from now and also announced that there were two people being promoted who i guess will now be in a straight fight forum who will be chief executive two guys dino pinto gordon smith what does this mean jason for wall street he's really like one of the last big characters he really as one of the last week as it's totally drew i mean what's interesting about the five years is he he keeps restarting this fiveyear o'clock i mean for the past couple of years he said five more years five more years farmer you're so he may be thank five more years a year from now the the reporting since that announcement which seemed fairly straight ahead as as you said is that while those to certainly are in position there another several people including mary erdos who runs jpm asset management who is very much in the mix at marianne lake is also in the conversation so they're probably four or five people who really could step into that role but i think to your point none of them have this swagger the aura of diamond that diamond has i mean he really is that the last of a breed in the bulge bracket bang.
"deal" Discussed on Deal of the Week
"Yeah and in the band and welcome to deal the week i'm alex brink as sitting in for at him and you'll remember me from our past ipo coverage here on the deal the week podcast and i'm excited to say that you'll probably be hearing more for me as i'm taking over our tech emanate coverage here at bloomberg and i'll be moving out to her west coast to be in a sea of the action but that's not what we're talking about today today we are actually going to look back on the year of 2017 in the emanate landscape since i haven't been in this world very long i have two experts here with me today team leader of the deals team lizzy 48 joins us live z thanks for being here thanks for having me and matt monks who is our whipped smart deals reporter is here on my right lizzy i'll start with you looking back on the past year what would you say kind of defined 2017 from a deals perspective here in the us 2017 his definitely being sort of bookended by things that trump has done we had the the inauguration back in january we came into the was sort of some certainty about who is going to be in the white house but very little certainty about what they were gonna do huge questions are on things like tax reform an antitrust and we kind of ended the year with a bit more certainty on those things so in the last few weeks you've seen the tax bill making its way through the highest in through the senate and you've had the lawsuit filed against the at t time on a deal i didn't think that ending was quite what people expected back at the beginning of the year but that sort of encapsulated the earn mna for us and trump has kind of come into the business worlds followed by basically this cloud of uncertainty that you're talking about when you are thinking about companies making these big strategic decisions matt have you seen a kind of what what are they are kind of pain points that have played out due to this trump uncertainty around whether it be tax reform or you know where the economy is going to continue to go to earlier this year i was treason some insurance deals in my call window of a couple of transactions.
"deal" Discussed on Deal of the Week
"Ted antitrust person has said they doesn't believe in these kind of behavior remedies you know doesn't think that as part regular should get into like dipping regulatory police the question is what does this mean you know is this at t time warner thing a sign of things to come or is it really you know about trump's opposition to a cnn has a political aspect of no one really knows for sure so this you now be risky ever cds edna if this goes to the justice department because that would throw in that wild card and what did the be competitive cvs think about this whereas walgreens for instance who obviously you they are huge combat serve cvs and potentially the only other like for like company that can consider a deal of this size yeah well that's a good question on this deal i i would imagine certainly would put pressure on all sorts of other competitors reconsider their strategy i mean of course walgreens they just had you know they're big deal to buy right aide of all they weren't allowed to buy olive ride it and it was whittled down there buying about nine in her rite aid stores of they're still in the process of doing that i went through but the deal with that deal is smaller than the helped uh and so yeah maybe they could do something else i mean the ceo of walgreens the stuff on a pasino he's a said various things on this kind of idea on on the one hand he said up to a call at one point he thought your any kind of vertical vertical integration is good and then another point when we earlier this year bloomberg we asked him pointblank about would you buy a drug benefit manager like like express scripts and he said yes he doesn't want to buy a don doug benefit manager you know right now so i you know it's not clear away in a what walgreens is going to do going forward it already has a strong alliance with one of the biggest privately held drug benefits managers prime therapy tax which is does the drug plans for many of the blue cross blue shield plans across the country so it's already has kind of a lot of uh i kind of joint ventures in alliances in a.
"deal" Discussed on Deal of the Week
"And from the end of the welcomed deal of the week bloomberg podcast in the world of deals mergers and acquisitions i met haven't seen it deals reporter at bloomberg and joining me today is robert lang growth these senior health care of hutu here bloomberg out robert we hit the day to discuss a deal that was announced yesterday monday are a huge deal this is cbs buying the health insurer aetna for about sixty eight billion dollars it's a very interesting deal in terms of to sort of structure which is really putting two different kind of companies together what we would call a vertical merger so you have on the one hand cvs which we of oversee know for it house it's sort of pharmaceutical stores and on the other hand you have aetna which is one of the country's biggest health insurers why they merging a cvs which has both ninety seven hundred drugstores and had a very large drug benefits business in a both are as basically as big as it can get and those businesses allowing can't really do any other giant deals in those businesses and its main businesses are facing potential real pressure especially if amazoncom ma gets into the pharmacy business which is rumored to be thinking about uh so that could generate even more pressure so you know if you're cvs you know what are you do for longterm growth while they're looking to expand their seat of services and go into adjacent businesses and one of the areas of cvs has long been interested in isaac minute clinics i have which officer limited basic medical services and they want to essentially under this deal with that and i am greatly kind of expand those and expand the range of services offered in the the selling point they're saying this is kind of like a new front door for health care on the and vision as a people increasingly you know coming to the stores the clinics at the stores for a greater range at least the basic offerings in healthcare and that's kind of the longterm plan but you're right there's not a lot of huge amount of quote synergies and overlap and this deal it really is about stacking.
"deal" Discussed on Deal of the Week
"A of good analysis deserve a shot the as she our colleagues on gadfly publish this morning were shows so this is this is basically time print advertising revenue as you say has been declining sort of consistently of the last few years but the digital advertising revenue has also knocked on that well so what is it the time we're doing wrong the meredith thinks they can do right in terms of getting that revenue up yet for a lot of these print publications who can include the newspaper industry nece as well as well as the magazine business as they migrate their content their reporting there journalism to digital platforms there then competing for advertising dollars against google and facebook amongst lot of others but google and facebook take about sixty five percent of all digital advertising dollars it isn't effectively a duopoly industry so it is very difficult for everybody else to try to grab crumbs from that digital pie now the good news is that digital advertising pie it's very big and it's going about fifteen to twenty percent a year but the downside is again google glen and facebook are very difficult competitors there so if you are going to play in that business in that digital advertising business you need to have scale now you never going to get the scale of a google or a facebook but you need to get bigger and i think merit of the said given the high quality of our properties are titles this some of which have been around for a hundred years we have a loyal readership we have a very dedicated niche which is a young women we think we can compete but in order to compete we need to get bigger and we need acquire more titles so that when we go out to advertisers and ad agencies we have a much bigger platform to compete against the googles and the facebook's the world and i think this is there they feel like this is kind of their last best shot to make a govan in the magazine business so this fascinated me i each has mentioned this this point that mattis his strong suit is you know the young women readership wish that they have a little publications that kind of k to thwart the so why have they gonna maple time and and i guess the.
"deal" Discussed on Deal of the Week
"And from the moment the of the week bloomberg's paul cost in the world of mergers and acquisitions i'm at hammond your host and joining me this week is pull sweeney from bloomberg intelligence today we're going to be talking about the deal announced yesterday on monday which is meritous takeover of time inc simple this is a deal that has seemingly been floating around for a very long time we've heard endless rumors about time being for sale and about lots of potentially interested buyers meredith is oversee one of the experts longest reema's bars for this either this company or this asset based on at least a paper price yesterday they seem to be paying a big premium i think it's about forty eight percent over the three months undisturbed price is that the only reason we're seeing this deal happened now is this just a question of price i think meredith years long said to itself listen were too big businesses here the magazine business in the television business the television businesses performing quite well for them and and and for the industry as a whole but in their magazine business i think they may a decision uh you know probably a couple of years ago to try to get bigger in the magazine business to try to make a go of it the magazine business is a very difficult business from an initial perspective advertising and circulation the magazine businesses down a high singledigit low double digits every year it's in a secular decline as more and more readers go to the internet and add dollars follow so if you're magazine company you're either trying to get bigger to get some scale or you're getting out and in case of time they were looking to get out and i think in a case of meredith they think they are going to make a big go of it here and they're going to try to get bigger they're going to try to take some of their brands and try to migrate them to the digital platform and see if they can attract advertising dollars on that platform and in order to do that they felt like they needed to get bigger in terms of just more titles more scale more circulation and then hopefully attract advertising dollars so i just want to dig into this point advertising i mean you you guys with donald work on.
"deal" Discussed on Deal of the Week
"And and and welcome to the deal of the week bloomberg's pulkovski mowatt of mergers and acquisitions i met her joe host this weekend joining me is bloomberg gadfly columnist tara lush powell and our colleague in los angeles who covers media and entertainment initials securely so this guys we're going to be talking about fox which has been the subject of a lot of news recent me originally i think we had disney had made a bid for certain fox assets that didn't seem to go choir and then just in the last few days there have been a sort of slew of new story same at con cost of looking at it horizon are looking at it possibly sony a looking at it and and a few potentially a few others iran as well so tara lot's going on lots of fast moving pieces to this story can you just sort of bring us up to speed where are we now on this so it's happening is eighteen his bank time warner which has sort of lit a fire under all these companies to start thinking about building scale conglomerate building once again in the industry particularly media because contests so valuable and it's driving me a people to choose what skinny models they're going to buy what streaming packages they're gonna go four as they sort of get rid of these more expensive expansive cable packages so the goal is to have a lot of content and so we saw a disney reportedly make a an approach to 21st century fox which is surprising at first because right these two companies i'm disney owns abc news fox obviously is behind fox news.