35 Burst results for "Eight Billion Dollars"

Congress passes bill to avert partial government shutdown

AP News Radio

00:38 sec | 3 weeks ago

Congress passes bill to avert partial government shutdown

"Congress temporarily averted a government funding crisis with a short term measure government with hours to spare Congress sent legislation to avoid a partial federal shutdown to president Biden the legislation did not raise the debt limit that keeps the government funded through December third it includes over twenty eight billion dollars in relief for those recovering from hurricane ida and other natural disasters in over six billion dollars to support the resettlement of Afghanistan evacuees the house approved a short term funding measure with a bipartisan two hundred and fifty four two hundred and seventy five vote although a majority of Republicans in both chambers voted against it Jennifer king Washington

President Biden Congress Hurricane Ida Afghanistan Jennifer King Washington
EU adopts 5 billion-euro Brexit reserve to help businesses

AP News Radio

00:44 sec | 3 weeks ago

EU adopts 5 billion-euro Brexit reserve to help businesses

"The European Council is generating a five point eight billion dollar reserve aimed at helping businesses tackle the short term effects of brexit the council which represents the national government of every E. U. member nation says the money will cover extra costs and compensate the losses from Britain's withdrawal from the twenty seven nation trading bloc despite a trade deal struck in December to ensure tariff free trade Britain's trade with the EU has fallen sharply Britain's departure has affected many parts of the E. U. economy with the fishing sector particularly at risk officials say the reserve money would benefit both public and private businesses I'm Charles Taylor that's not

National Government Of Every E European Council Britain EU Charles Taylor
Q2-2021 Biotech Earnings, Commercial-Stage Biotech Suffers

Breaking Biotech

01:59 min | 2 months ago

Q2-2021 Biotech Earnings, Commercial-Stage Biotech Suffers

"And the first company. I want to talk about is by jin which is a real favorite of mine ticker symbol b. I believe and they're sitting at a fifty billion dollar market cap and what we heard is that they announced q to revenue of two point. Seven eight billion dollars and this is compared to twenty twenty cutie revenue of three point six eight billion so huge decline there and that is mostly due to a decrease in their ms revenue of twenty four percent year over year. And if you remember. When i went through the biogen episode i did. The majority of their revenue comes from their ms franchise and since the lawsuit against by jin was in favor of the generic companies including mylan they have launched generic versions of tech der which are now at risk because by genus filed an appeal. And what this means is that these generic companies are going to be able to sell their generic version of tech era at the risk of biogen winning on appeal in which case Going to be able to litigate against them for patent infringement. So during this time at which we don't know what the status of the appeal is gonna be biden's gonna start losing. Ms franchise market share pretty quickly to these generic companies. So we're starting to see this now with these abysmal. M s numbers now. The company did increase their guidance for the rest of the fiscal year. Only by about two hundred to three hundred million dollars so not a huge amount but they said that. This is due to better-than-expected ms sales. So who knows what's going on there but really the bulk of the call was the excitement around the addy home commercialization efforts and now just to say the amount of home revenue was only like one or two million dollars so very much a drop in the pan not very impressive so far. But it's because all of these infrastructure efforts need to take place in order to get hospitals up and running in order to treat patients

JIN Biogen Mylan Biden
Bitcoin and Bidens Infrastructure Bill

Reset

01:58 min | 2 months ago

Bitcoin and Bidens Infrastructure Bill

"So. When i hear infrastructure i think of roads and schools but biden has made the argument that tees investing in human infrastructure so that might include childcare paid leave. Maybe free community college but cryptocurrency. How does bitcoin tie into all this and definitely a strange thing to include in an infrastructure bill for sure But when you're trying to pass a big bipartisan trillion dollar bill paying for so much stuff in the country. There's a lot of people who are asking. Well how are you going to pay for it right. And that was one of the reasons why cryptocurrency was included. These new tax reporting requirements would raise an estimated twenty billion dollars according to some of the senators to offset some of these infrastructure costs. Twenty eight billion dollars is not a small amount of money and it is a very pricey bill but what was it about the original language in the bill that raised alarms right so it wasn't the fact that there'd be heightened tax reporting requirements. It wasn't really. You know the total essence at the bill that it was a definition of the word roker and the way that it was worded was a little too vague for some senators. Especially senator ron wyden. Who feared that. This of broker would end up extending these cumbersome packs reporting requirements to while developers and also cryptocurrency miners. And why does the crypto community argue that developers and minors should be exempt from reporting requirements. Well they're not really making any transactions right there mining cryptocurrency themselves. They're you know creating the wallet. Infrastructure for these transactions that. Take place but it's not necessarily a transaction and of itself right. We heard lawmakers making that argument on the senate floor this week. The underlying text of this bill would impose this kind of transaction reporting requirement on crypto transaction validates. These are the people that are building out the blockchain by validating a transaction they would be obligated to report things like a name and attacks. Id number associated with the dollar amount. They don't have that information

Biden Senator Ron Wyden Roker Senate
Bitcoin Rallies Defiantly as Senate Infrastructure Battle Hits a Snag

The Breakdown with NLW

01:42 min | 2 months ago

Bitcoin Rallies Defiantly as Senate Infrastructure Battle Hits a Snag

"What's going on guys. It is monday. August ninth and today. We're talking about bitcoins. Defiant rally as the senate battle hits something of a snag so let's get caught up on everything that happened this weekend at this point. I'm going to assume you know the setup at least somewhat last minute provision in the infrastructure bill looked to get around twenty eight billion dollars of the bills cost to be covered by new tax. Reporting rules around crypto. The problem well there are a lot of problems for one. The joint committee on taxation. That came up with this number. Hasn't had to show its work anywhere and there's fairly good reason to be skeptical that there's nearly thirty billion dollars and under reported crypto taxes but alas that wasn't the issue we had to focus on instead the issue at hand was that the new reporting requirements swept everyone in crypto networks including non-custodial actors like miners validation software developers into the definition of a broker by their very nature. These actors don't have access to the info that would be obligated to report anyway fast forward over the course of the last week. Washington was assailed with what they found to be a shocking amount of lobbying from the crypto community shocking to them perhaps much less shocking to those of us who actually know about the fervor in. This space a bipartisan group of senators including republicans. Pat toomey and cynthia lumps and democrat. Ron wyden put forth an amendment that made clear exemptions people like miners. This seemed like it should have been all that controversial republican rob portman who wrote the provisions in the first place had said numerous times that the intent was not to include those people however the treasury department who he was consulting closely with wanted. Maximum flexibility to write the implementation however they chose

Joint Committee On Taxation Senate Cynthia Lumps Pat Toomey Ron Wyden Washington Rob Portman Treasury Department
Canada, First Nations Reach $8B Settlement Agreement Over Drinking Water Advisories

Native America Calling

01:27 min | 2 months ago

Canada, First Nations Reach $8B Settlement Agreement Over Drinking Water Advisories

"The canadian government has reached an agreement in principle with the first nations to settle to class action lawsuits over drinking water advisories as dan carpenter reports. More than one hundred forty thousand people could be compensated. If the court approves the settlement. The proposed agreement is worth nearly eight billion dollars. One and a half billion would be direct compensation to people who have not had access to clean drinking water. There would also be money for the creation of a four hundred million dollar first nations economic and cultural restoration fund to first nations launched. A class action lawsuits against wall over the lack of safe drinking water in their communities. Mark miller is canada's indigenous services minister as well as forward commitment to support reliable access to safe drinking water on razor with six billion dollars in targeted supports including capital at operations and maintenance and finally the modernization of canada's first nations drinking water legislation the canadian government of prime minister justin trudeau had pledged in two thousand and fifteen to lift all drinking water advisories in first nations communities by march of this year. One hundred and eight advisories have been lifted. Fifty-one remain in effect. Most of them in ontario miller says the agreement in principle brings the parties. a step. Closer to reconciling a long history and it can be celebrated as a step in the right direction toward achieving the goal of clean water for all for national native news. I'm dan carpenter.

Canadian Government Dan Carpenter Mark Miller Prime Minister Justin Trudeau Canada Ontario Miller
What's Really Behind SEC Chairman Gary Gensler's Crypto Speech

The Breakdown with NLW

02:05 min | 2 months ago

What's Really Behind SEC Chairman Gary Gensler's Crypto Speech

"What's going on guys. It is wednesday august fourth and today we are picking up where we left off yesterday and asking. What's really behind. sec. Chair gary crypto speech. So on yesterday's show. I gave the full debrief about the state of the infrastructure. Bill for those playing. Catch up the eleventh hour last week. A provision was put into the five hundred fifty billion dollar infrastructure bill that would change tax reporting requirements around crypto the authors claim that it would generate twenty eight billion dollars in unpaid crypto taxes and the mechanism for that was changing the definition of broker to include effectively. Anyone involved in facilitating crypto transactions. The problem is that while custodial facilitation is what actual brokers do and traditional financial systems in blockchain systems many actors including minors validates etc could be considered facilitators. Especially when you remove as this definition did the custodial requirement and that's the problem these actors are non-custodial and don't even have access to the information. This new definition of broker would require them to collect and share with the irs meaning if this new broker definition were applied ipso facto most actors in crypto ecosystems would be operating illegally so the crypto industry went to work on this yesterday show was largely about how seemingly effective the nascent crypto lobby has been and how we're seeing allies on both sides of the aisle lineup to change the language in this bill. We made a little progress in the bills. Specific language over the weekend but are now trying to get the rest of the way there via amendment as this happens the designer of the provisions. Ohio's rob portman keep saying that it's totally not about minors. Invalid eaters wallet developers and that we should all effectively chill out because of course it's not for them opponents of the provisions. Keep saying cool than just say that. In the bill not just in tweets and speeches in fact he again defended in tweets yesterday calling it a common sense provisions and not really addressing this specific criticism at all.

Gary Crypto Blockchain Systems SEC Bill IRS Rob Portman Ohio
Robinhood Goes Meta, Becomes the Ultimate Meme Stock

CNBC's Fast Money

01:36 min | 2 months ago

Robinhood Goes Meta, Becomes the Ultimate Meme Stock

"Robinhood taking investors on a joyride the stock surging as much as eighty one percent for triggering several trading halts early in the session. Robin had closing out the day with a gain of just fifty percent. It's now up. Eighty five percent since going public on thursday. So what's driving. The wild action shares. A robin hood. Let's kick things off with kate. Rooney's got the story kate. Tamerlane's yeah quite a turnaround for robin hood. The stock touched eighty five dollars earlier. That is well above where it last week robin hood. Stunk ended the day around. Seventy dollars per share was the second. Most traded name on the nasdaq. Today only behind. Amd and it was halted a few times for volatility today as far as trading volume it surpassed its ipo day with more than eight billion dollars worth of shares changing hands. The stock is still seen pretty thin trading so that thanks to some of those lock-up periods for certain investors mean fewer shares are available to trade. I'm told that brought a lot. More volatility today retail interest is another big factor. It is the most mentioned stock on read it. At least it was today. According to data from think with more mentions than both game stop and amc and momentum train is well. That is a factor. There's likely hedge funds looking to jump in on some of this action. Short interest though does not appear to be a factor at tends to be pretty expensive too short stock like robin hood so soon after nine peo- that is thanks to the lack of shares out there to borrow. I talked to s. three partners about this earlier. They say there is some short interest but it was really the long side. Driving robin hoods prices today.

Robin Hood Tamerlane Kate Rooney Robin AMD AMC Robin Hoods
Biden Ends GOP Infrastructure Talks, Starts New Negotiations

AP News Radio

00:46 sec | 4 months ago

Biden Ends GOP Infrastructure Talks, Starts New Negotiations

"President Joe Biden walks away from talks with Republican senators on a big infrastructure package president Joe Biden has ended talks with Republican senators on his proposed infrastructure package now plans to try to build a bipartisan compromise with Republicans and Democrats Biden walked away from talks led by senator Shelley Moore capital after the two spoke Tuesday the size of the package and how to pay for it remain stumbling blocks the president wants a one point seven trillion dollar infrastructure investment plan Republican senators offered nine hundred twenty eight billion dollars and proposed tapping unspent covert nineteen money Biden has rejected dipping at the cove in nineteen funds and proposes raising the corporate tax rate from twenty one percent to twenty eight percent Mike Rossio Washington

President Joe Biden Senator Shelley Moore Joe Biden Biden Mike Rossio Washington
Mike Rossi, Biden Ends G. O. P. And Senator Shelley Moore discussed on AP News Radio

AP News Radio

00:42 sec | 4 months ago

Mike Rossi, Biden Ends G. O. P. And Senator Shelley Moore discussed on AP News Radio

"Hi Mike Rossi reporting president Biden ends G. O. P. infrastructure talks and starts a bipartisan push president Joe Biden has ended talks with a group of Republican senators on his massive infrastructure package and is now reaching out to senators from both parties in an effort to build bipartisan compromise Biden walked away from talks with senator Shelley Moore capital of West Virginia the lead Republican negotiator after the two spoke Tuesday the Biden capital talks failed to bridge the divide between the GOP proposal of nine hundred twenty eight billion dollars and fighting the scaled down one point seven trillion dollar investment proposal Biden is now reaching out to other senators including Republican bill Cassidy of Louisiana and

Mike Rossi Biden Ends G. O. P. Senator Shelley Moore Biden Joe Biden West Virginia GOP Bill Cassidy Louisiana
Stack Overflow Sold to Tech Investor Prosus for $1.8 Billion

Techmeme Ride Home

01:32 min | 5 months ago

Stack Overflow Sold to Tech Investor Prosus for $1.8 Billion

"Stack. Overflow says it will be acquired by process a european tech giant and ten cents largest shareholder for one point eight billion dollars quoting the wall street journal based in new york closely held stack overflow operates a question and answer website used by software developers and other types of workers such as financial professionals and marketers who increasingly need coding skills. It attracts more than one. Hundred million visitors monthly. The company says process. One of europe's most valuable tech companies is best known as the largest shareholder in chinese internet video gaming giant tencent holdings listed in amsterdam process. Signaled its appetite for deal making. When it sold a small portion of its equity stake in tencent in april for fourteen point six billion dollars the stack overflow deal ranks among prices biggest ever acquisitions process invest globally across a range of online platforms focused on areas such as food delivery classifieds and fintech it also maintains a more than two hundred billion dollar holding in tencent processes parent company. Nascar's acquired the tencent stake in two thousand one for thirty four million dollars. The stack overflow deal is processes i outright acquisition in the educational space purses already owned stakes in two educational tech companies. You to me and code academy servicing companies. It is set to make an investment in skills soft. A publisher of training software used by businesses as part of that firms plan to merge with special purpose acquisition company churchill capital corp. and list in new york and quote.

Tencent The Wall Street Journal Amsterdam New York Europe Nascar Churchill Capital Corp
Biden, GOP Senator To Meet As Infrastructure Deadline Looms

AP News Radio

00:57 sec | 5 months ago

Biden, GOP Senator To Meet As Infrastructure Deadline Looms

"President Biden will meet this afternoon with the top Republican negotiator under proposed massive infrastructure overhaul bill with the clock ticking down to June seventh deadline president Biden is slated to meet with West Virginia Republican senator and lead negotiator Shelley more capital the president wants to spend one point seven trillion dollars to improve roads bridges and other investments using a corporate tax hike while the GOP came up only to nine hundred twenty eight billion dollars and wants to use funding allocated toward cobit relief deputy White House press secretary Corinne John Pierre said yesterday president Biden appreciates the effort to negotiate but as the president said last week we do need to finish these negotiations biting may try to muscle support from Democrats alone risky with such slim margins in the house and Senate I'm Jackie Quinn

President Biden Shelley Corinne John Pierre West Virginia GOP White House House Senate Jackie Quinn
Biden to GOP: 'Don't Get in the Way' of Infrastructure Plan

AP News Radio

00:58 sec | 5 months ago

Biden to GOP: 'Don't Get in the Way' of Infrastructure Plan

"President Biden is warning congressional critics not to play games as he pushes a key legislative priority on massive infrastructure plan at a Cleveland community college the president noted no Republicans backed his coronavirus relief bill but still touted its benefits to their constituents I'm not going to virtually one of what I have here a list and a warning if you're gonna try to take credit for what you've done don't get in the way what we still need to do that came as Shelley more capital and Republicans boosted their previous infrastructure offered now pitching the nine hundred twenty eight billion dollar package it's a serious effort to try to reach a bipartisan agreement but they want to shift virus relief dollars to help pay for it that's a nonstarter for Democrats who instead want to raise taxes on corporations and the wealthy something the GOP is dismissing Sager mag ani Washington

President Biden Cleveland Community College Shelley GOP Sager Ani Washington
Biden Trims Infrastructure Plan to $1.7 Trillion; GOP Wants More Cuts

WSJ What's News

00:37 sec | 5 months ago

Biden Trims Infrastructure Plan to $1.7 Trillion; GOP Wants More Cuts

"Negotiations. Over the biden administration's infrastructure plan continued today with the white house offering to cut the price tag from two point three trillion dollars down to one point seven trillion dollars. It's a counter to senate republicans proposed five hundred sixty eight billion dollar plan white house. Press secretary jen. Psaki says the revised plan shifts funding for research and development supply chains manufacturing and small businesses to other proposed legislation under consideration by congress and also lowers the funding requested for broadband roads bridges and other projects. The white house has set memorial day as a target for the plan but they remained deeply divided from republicans on the scope and how to pay for it

Biden Administration Secretary Jen Psaki White House Senate Congress
FAA Reaches $44 Million Settlement in Age Discrimination Case

Aviation News Talk podcast

02:04 min | 5 months ago

FAA Reaches $44 Million Settlement in Age Discrimination Case

"From the washington. Post dot com f. a. agrees to pay four million to resolve long-running age discrimination lawsuit about seven hundred former as employees. Whose jobs were outsourced. Two thousand five will share in the settlement. The faa has agreed to pay forty four million to resolve a long-standing lawsuit brought by former employees who alleged that their jobs were outsourced because of their ages. The case was filed in two thousand five when the faa decided to hand over the work of about two thousand employees notice flight services specialists to a private company faa officials including the head of the agency at the time were open about the aging specialised workforce being a factor in the outsourcing deal. According to evidence presented in the lawsuit but the case languished in the courts for years as one judge retired in the law firm that originally represented the employees was closed with the former employees reaching retirement age. A new team of lawyers began hashing out a settlement with the government last year. The faa did not admit wrongdoing and said in a statement that the settlement speaks for itself. The lawsuit initially sought to stop the privatization plan which involves giving a one point eight billion dollar contract to lockheed martin government services firm and weapons maker when that effort failed the specialist and support staff became lockheed employees their pay remained roughly the same but they lost out on lucrative air traffic control. Pensions joseph sellers a partner at law. Firm cohen milstein which joined the case in two thousand sixteen. Describe the financial harm faced by the former employees as brutal. Suddenly their pension investment was ripped away from them. He said recouping that retirement pay became the focus the lawsuit the forty four million dollars summit fund will be shared by six hundred and forty six former employees or their estates sellers acknowledged. The payouts won't cover everything that former employees lost police said. The case was unusual because it was not pursued as a class action that meant that they won. Each of the six hundred seventy one plaintiffs would have had to have a separate trial to determine what they were owed potentially extending the case several more years

FAA Martin Government Joseph Sellers Cohen Milstein Washington Government
Houston-area sheriff is named to lead immigration agency

AP News Radio

00:41 sec | 6 months ago

Houston-area sheriff is named to lead immigration agency

"Hi Mike Rossi a reporting a Texas sheriff is selected to lead ice president Joe Biden has nominated Harris County Texas sheriff ed Gonzalez to be director of U. S. immigration and customs enforcement the agency has operated without a Senate confirmed leader since twenty seventeen ice has more than twenty thousand employees and an annual budget of eight billion dollars good solid whose jurisdiction includes the Houston metropolitan area was a sharp critic of former president Donald trump's hardline immigration policies after his election in twenty sixteen consults with drew Harris County from a federal partnership that authorizes sheriff's deputies to enforce immigration laws Mike Rossi Washington

Mike Rossi Ed Gonzalez U. S. Immigration And Customs Texas Joe Biden Harris County Senate Drew Harris County Donald Trump Houston Mike Rossi Washington
News Companies $38 Billion Better Off Since Pandemic

Media Voices

01:58 min | 6 months ago

News Companies $38 Billion Better Off Since Pandemic

"The. Us case largest publicly listed news companies are now worth thirty eight billion dollars more than they were before the covid nineteen pandemic. this is golden system research from present. Which found that newscorp new times thompson reuters daily mail polish. The mt and the mirror group owner reach are among those companies have seen that stock market values increase since the end of two thousand nineteen important to know not every media organization has whether this as well include yes they include adver instance i tv which has seen a reduction in its Share price as a result of catastrophic. Drop in tv appetizing. Outspent butts six. They claim will sixteen of the news and information companies examined for the research have recovered from the depths of the corona virus crisis so we have spoken at length about organizations like the f. t. and the mit about why those guys have weathered the pandemic seriously well. Are you surprised that it seems to be assaultive across the board thing for every single one of the companies. They looked up. And this is a thing. The surprise me when i first read that. Actually when you think about it isn't surprising that the ads poice by this massive comeback this year. And you've got all these digital businesses that were re already hit by Got decline over the last like five ten years that ashley suddenly like having all these i think it's like travel alcohol rule these companies that have wasting everything to open over the summer this throwing like a years worth of marketing budget at digital media companies must been spend. I thought my point people may spend money but no one's been responding to advertise in the sense that you will ties to all of the law. How are you going to do Yes it by a car. Well so the traditional arabic ad spend is the. I'll just haven't been able to spend all wanted to spend

Thompson Reuters Outspent United States Ashley
Alibaba Hit With $2.8 Billion Antitrust Fine  DTH

Daily Tech Headlines

00:16 sec | 7 months ago

Alibaba Hit With $2.8 Billion Antitrust Fine DTH

"China's state administration for market regulation issued. A two point. Eight billion dollar fine against alibaba for antitrust violations finding the company prevented merchants from selling goods another shopping. Platforms outside of the fine alibaba. Stop the practice and submit compliance reports. Every three years

Alibaba China
"eight billion dollars" Discussed on News Talk 1130 WISN

News Talk 1130 WISN

02:39 min | 1 year ago

"eight billion dollars" Discussed on News Talk 1130 WISN

"How does this do we do we ever get back control or is this now gonna be every night in perpetuity R. although what do we have an end in sight here well I think last night was a lot better than the previous night I mean that in some communities tragically it's because they've already emptied the store that but I I think that when the president was in his in his rage I really condemning the lack of action and and demanding as the law and order president that these mayors and governors get out there but I think it had an impact I mean it's certainly did the city I know but I know passed in in New York I you know I talked to the council the time we'll know blue beetle enough for any character and all our our panels many many decades you know and I go way back with the caps for when I was in high school but you have a situation where there was very very when the when the mayor when the chief executive of the community is sabotaging his own police force the fact that it's thirty eight thousand strong as long as two divisions means nothing if the chief executive has so you know hit and hampered the the management of the of the organization that it has the confidence that that it's not expect when it knows that everything it does is not only subject to intense scrutiny but they kind of need that comes with it a negative ideological you know hatred almost busy self hatred and it's it's unfortunate and the people who suffer like New York now who's going to want to pay eight million dollars for the quarter I don't think an eight billion dollar is worth five million dollars now the phone book three million dollars the builder or not I don't see it coming back either let me go to Yemen we have about forty seconds left Dan a quick jaunt to think yet that will stop and here's why one business interest in the city that finance political campaigns will not allow this this will stop second god forbid this happens but someone will get killed if this continues someone will end there will be a massive public outcry for order on the streets and god forbid that happens I pray literally a thousand but one of those things is going to happen and the public won't allow it to continue there's no way that's a scary scenario and I've been saying that and a little bit more two of my closest friends I don't even want to go where my head is really going to now but it's there all right morado thank you Dan Bongino thank you Ben Carson when we get back also project veritas expose on antifa part two and waiting to hear what we.

president New York chief executive Yemen Dan Bongino Ben Carson
"eight billion dollars" Discussed on WMAL 630AM

WMAL 630AM

02:00 min | 1 year ago

"eight billion dollars" Discussed on WMAL 630AM

"As far as international E. commerce goes they've been ramping up their overseas sales over the past eighteen months they acquired a company a few years ago called Lazada which is one of the biggest E. commerce companies in Southeast Asia so they picked up a lot of lot of market share there I'm really excited about Ali cloud again that's their cloud computing service they invested over twenty eight billion dollars into alley clout to get that launched and they already have about fifty percent market share compare that to Amazon web services which is probably somewhere between ten and fifteen percent market share or do you have a hundred and seventy thousand paying customers they are a in a really strong position right now me just a couple years ago was only about four percent of revenues now it's probably up to seven percent of revenues and for the time being it's probably a bit of a drag on their profitability because it's there's still in you know in in sort of investment mode but I think that'll really ramp up eventually and then they also have a thirty three percent ownership stake in ant financial which is the largest online payment platform in China very similar to PayPal symbol PYPL traded around a hundred and forty five dollars a share so they have all this bundled together no basically under one roof and there are a lot of synergies from that this provides Alibaba where the basically an unparalleled source of data when you combine all these together which helps merchants a consumer brands develop personalized marketing and content strategy so in that sense they function like Google okay so you know you get a sort of Google eBay PayPal and Amazon the China club one of all four wrapped up into one company you know much like we talked about with apple in the past they have an ecosystem you know these these are services all feed off each other you know I tell by all users with a strong appetite for branded products can shop at the mall for better shopping experience and assurance of higher quality where is the mall shoppers looking for a.

"eight billion dollars" Discussed on AP News

AP News

02:06 min | 1 year ago

"eight billion dollars" Discussed on AP News

"Eight billion dollars in loans to airlines and other industries Florida Republican senator Marco Rubio says the Senate has to act we have a chance to do our part to instill at least a little bit of confidence and a time of extraordinary uncertainty Senate democratic leader Chuck Schumer is demanding any unemployment benefits be at full pay a full amount of the wages that workers are not being paid the proposal includes the commitment from insurers a corona virus tests will be cost free and no cost coverage of coronavirus vaccines to McGuire Washington California's governor has issued stay at home orders for forty million people in the most sweeping move yet of any state to curb the spread of the corona virus make sure that we don't see that peak of tens of thousands of people that all need care at the same time Dr barber Ferrari's director of the Los Angeles county public health department is we're combining both the best of social distancing here safer at home is exactly that you are safer at home this is a P. news customs officials in Chicago have seized questionable corona virus test kits being shipped in from overseas AP correspondent Jackie Quinn reports authorities say customs officers at o'hare International Airport intercepted packages containing illicit virus test kits they were flown to the US from the United Kingdom a customs and border protection spokesman says some were marked as corona virus tests while others were labeled for meningitis Mercer salmonella and other diseases he couldn't say if they were counterfeit a similar suspects shipment arrived in Los Angeles last week the food and drug administration's warning the public testing for coronavirus is conducted only in verified public health laboratories located around the country I'm Jackie Quinn in energy markets crude oil is up trading above twenty six dollars a barrel after settling at twenty five twenty two yesterday I'm Ben Thomas AP news more news right after this.

salmonella Ben Thomas AP AP Los Angeles county Dr barber Ferrari senator Florida Los Angeles Marco Rubio United Kingdom US o'hare International Airport Jackie Quinn Chicago director McGuire Washington California Chuck Schumer
"eight billion dollars" Discussed on AP News

AP News

02:06 min | 1 year ago

"eight billion dollars" Discussed on AP News

"Eight billion dollars in loans to airlines and other industries Florida Republican senator Marco Rubio says the Senate has to act we have a chance to do our part to instill at least a little bit of confidence and a time of extraordinary uncertainty Senate democratic leader Chuck Schumer is demanding any unemployment benefits be at full pay a full amount of the wages that workers are not being paid the proposal includes the commitment from insurers a corona virus tests will be cost free and no cost coverage of coronavirus vaccines to McGuire Washington California's governor has issued stay at home orders for forty million people in the most sweeping move yet of any state to curb the spread of the corona virus make sure that we don't see that peak of tens of thousands of people that all need care at the same time Dr barber Ferrari's director of the Los Angeles county public health department is we're combining both the best of social distancing here safer at home is exactly that you are safer at home this is a P. news customs officials in Chicago have seized questionable corona virus test kits being shipped in from overseas AP correspondent Jackie Quinn reports authorities say customs officers at o'hare International Airport intercepted packages containing illicit virus test kits they were flown to the US from the United Kingdom a customs and border protection spokesman says some were marked as corona virus tests while others were labeled for meningitis Mercer salmonella and other diseases he couldn't say if they were counterfeit a similar suspects shipment arrived in Los Angeles last week the food and drug administration's warning the public testing for coronavirus is conducted only in verified public health laboratories located around the country I'm Jackie Quinn in energy markets crude oil is up trading above twenty six dollars a barrel after settling at twenty five twenty two yesterday I'm Ben Thomas AP news more news right after this.

salmonella Ben Thomas AP AP Los Angeles county Dr barber Ferrari senator Florida Los Angeles Marco Rubio United Kingdom US o'hare International Airport Jackie Quinn Chicago director McGuire Washington California Chuck Schumer
"eight billion dollars" Discussed on AP News

AP News

02:04 min | 1 year ago

"eight billion dollars" Discussed on AP News

"Eight billion dollars in loans to airlines and other industries Florida Republican senator Marco Rubio says the Senate has to act we have a chance to do our part to instill at least a little bit of confidence and a time of extraordinary uncertainty Senate democratic leader Chuck Schumer is demanding any unemployment benefits be at full pay a full amount of the wages that workers are not being paid the proposal includes the commitment from insurers a corona virus tests will be cost free and no cost coverage of coronavirus vaccines to McGuire Washington California's governor has issued stay at home orders for forty million people in the most sweeping move yet of any state to curb the spread of the corona virus make sure that we don't see that peak of tens of thousands of people that all need care at the same time Dr barber Ferrari's director of the Los Angeles county public health department is we're combining both the best of social distancing here safer at home is exactly that you are safer at home this is a P. news customs officials in Chicago have seized questionable corona virus test kits being shipped in from overseas AP correspondent Jackie Quinn reports authorities say customs officers at o'hare International Airport intercepted packages containing illicit virus test kits they were flown to the US from the United Kingdom a customs and border protection spokesman says some were marked as corona virus tests while others were labeled for meningitis Mercer salmonella and other diseases he couldn't say if they were counterfeit a similar suspects shipment arrived in Los Angeles last week the food and drug administration's warning the public testing for coronavirus is conducted only in verified public health laboratories located around the country I'm Jacki queen in energy markets crude oil is up trading above twenty six dollars a barrel after settling at twenty five twenty two yesterday I'm Ben Thomas AP news.

Los Angeles Ben Thomas AP AP Los Angeles county Dr barber Ferrari senator Florida Jacki queen Marco Rubio salmonella United Kingdom US o'hare International Airport Jackie Quinn Chicago director McGuire Washington California
"eight billion dollars" Discussed on 600 WREC

600 WREC

02:25 min | 2 years ago

"eight billion dollars" Discussed on 600 WREC

"And thirty eight billion dollar defense bill covers a lot of ground according to Florida Republican congressman Mike walls we also got in their benefits for gold star families some taxes that were repealed and some child care that I was able to get in and importantly we also expanded parental leave from the military to all federal workers and that was a huge priority for a vodka trump walls on fox and friends with the impeachment trial of president trump expected sometime in January South Carolina Republican senator Tim Scott is focusing on a fair trial we should focus on a fact pattern but I leads us to a conclusion as it relates to in being it it being impeachable that is our responsibility Scott appearing on fox news channel's Google live America is listening to fox news from the box for studios in Los Angeles here's the thing in the NFL's game in the bay area tonight the forty Niners beat the rams thirty four thirty one on a field goal on the final play the game winner was set up by a third and sixteen pass completion in the final minute New England plain states division beating buffalo twenty four seventeen Houston clinched its division winning at Tampa Bay twenty three twenty and by the way the Vikings have a playoff berth now that the rams lost tonight Minnesota running back Dalvin cook is out for the Monday night game against Green Bay in the late college football contest that's the New Orleans bowl it's right now Appalachian state ranked twentieth leading thirty one seventeen over you a B. with about five minutes left in the late college basketball game in San Francisco it's Saint John sixty eight sixty seven over Arizona which is ranked sixteenth number one Kansas lost fifty six fifty five at Villanova Ohio state beat Kentucky and a top ten match up in Vegas seventy one sixty five land back Dallas Jenkins is the son of the left behind author Jerry.

Kansas Ohio Saint John basketball New Orleans football Houston fox South Carolina president Mike walls Florida Jerry Dallas Jenkins Vegas Kentucky congressman Arizona San Francisco Green Bay
"eight billion dollars" Discussed on AM 970 The Answer

AM 970 The Answer

04:33 min | 2 years ago

"eight billion dollars" Discussed on AM 970 The Answer

"Is a three point eight billion dollars every single year if you want military aid to fundamentally change your relationship and so this is not just rejoining the Paris climate accord which I will do it right away it's actually using every level of foreign policy we have more foreign aid to countries making a contingent on climate action you would you would not necessarily want to leverage US aid to Israel to push him to do that is what you're saying well that would not be my first move I'm not saying that would never happen we need to make sure that any such cooperation and funding is going to things that are compatible with U. S. objectives and with US law we spent a few billion dollars on aid to Israel would you ever consider using that aid as leverage to get the Israeli government to act differently absolutely American a this is the official policy of the United States of America a two state solution and if Israel is moving in the opposite direction and everything is on the table everything's on the table dollars I sent you not get the bill and I will be leaving here I think it was about six hours I like I said we didn't six hours the prosecutors not fired you're not getting the money a son of a **** it does that blow your everyone of them every last one of them Biden Warren Booker Jagdish Castro everyone of them you're gonna use all of our tools in our arsenal foreign policy involves withholding military aid the key to get in touch with current countries don't play ball with us so honestly I I I I do this every once in awhile we welcome you in it's Monday it's veterans day twenty nineteen November the eleventh we got a lot to this is gonna be a big week my direct this to anyone who thinks the president trump should be removed well the office because of the quid pro quo because that's the whole thing I watch these the goofy Sunday morning news shows yesterday well we are lose the Latin quid pro quo losing forget that it's a debate about whether the president committed committed an impeachable offense by telling you crane apparently were you know not even telling the matter that they didn't know but let's just go with the promoter for the argument we just go with the argument if you think the president ought to be removed because he it laid out a quid pro quo with whole threatening to withhold that military aid from Ukraine unless they investigated corruption how do you answer what you just heard the montage of all the Democrats on the campaign trail laying out a quid pro quo with countries like Israel you realize what a joke this is this attempt to impeach the president over there's I'm starting to think you it is right Hugh Hewitt wrote a page the Washington post saying the colleges shut this down what the Senate just say you know what this is a witch hunt this is a joke this is a scam it's ridiculous shut it down we're gonna we because the Senate has to play ball they don't have to because guess what we're in the majority their public show again I'm gonna ask you directly to call me if you think the president committed an impeachable offense based on what you just heard from all the major democratic candidates for president laid out a defense for a quid pro quo between the United States and a foreign nation can you please tell me how you can justify calling for the president's impeachment based or what you just heard all those Democrats committing what you would call impeachable offenses before they even ran vote but you know before they even get the nomination let's dive in I want to I want to hear from you if you think the president should be impeached and I want your response to what you just heard all those Democrats say our number for you to join which is one eight hundred six five five Mike eight hundred six five five six four five three that montage is very instructive.

six hours eight billion dollars billion dollars
"eight billion dollars" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:25 min | 2 years ago

"eight billion dollars" Discussed on WBZ NewsRadio 1030

"And twenty eight billion dollars authorities in Texas have identified a suspect and a person of interest in the murder of a run the New Hampshire couple the bodies of James and Michelle bottle were found buried out of Texas beach Kleberg county sheriff Richard Kirkpatrick says an arrest warrant issued for Adam Chris Williams and a person of interest is Amanda no over authorities say they may have fled to Mexico this person is considered armed and dangerous we as a people not approach these individuals but simply that we ask if you have had some contact that you please come forward relative to the bother say the couple had been traveling the country in a recreational vehicle five thirty three traffic and weather together the super retailers are doing with all wheel drive traffic on the three is up to the north on four ninety five Mike we got issues it's terrible yeah nor found is now crawling from route three in Chelmsford all the way Avenue and over gets a crash shortly after one thirty three blocking at least one lane and southbound delays to that same stretch and over down into Chelmsford now let's see one twenty it's doing now let's get your mom free insurance will report or definitely not out of the woods here at one twenty eight north bound is slow winter street actually make it rich twenty and Wall fell all the way to reach you then you're back at a collie route three at Burlington up the wall at St Winfield south of one twenty eight that still flow from route sixty two in Danvers down past the balls then from four to twenty five in Lexington all the way down towards funny Kristin aka the ball for a insurance rotor of ninety three north a real patients tester this afternoon delays from the cecum bridge all the way up past commerce way from Concord St most of the way a pass River Road delays on the pike westbound now almost in bright not intimate echo tortured thirty east bound the locked up from one twenty eight to noon corner delays coming into the city as well route to east is jammed up in Concord that's a crash after the rotary taking out the right lane and the expressway south inching along for the tunnel most of the way to the split my king with WBZ's traffic on the three soldiers showers to get through this evening before we get clearing skies in here temperatures fall into the mid thirties England about forty two for the low downtown sunshine tomorrow high fifty three for tomorrow night partly cloudy lo thirty eight in the city opera twenties Dylan released on on Thursday gives way to clouds possible shower later on high fifty six that Thursday night into Friday they'll be some rain it'll turn to snow by morning some of that could accumulate especially north of four ninety five and into parts of southern New Hampshire where an interest so could fall temperatures mid thirties England near forty at the coast overnight and then Friday will be breezy some writer snow.

"eight billion dollars" Discussed on KTOK

KTOK

01:50 min | 2 years ago

"eight billion dollars" Discussed on KTOK

"Eight billion dollars in funding to expand access to both treatment and to track over does data as closely to real time as possible Oklahoma share nineteen point two million dollars over three years instead of waiting until after report challenges decided the Oklahoma secretary of state's office now says it will soon begin counting signatures on a petition seeking a statewide vote on repealing the permit list Kerry gun law legal division director any canned tells the Tulsa world her office will be performing a normal killed like all state questions and that the count it shouldn't take very long he hopes to have a number by next week that petition needs fifty nine thousand three hundred and twenty signatures to put the repeal on a statewide ballot next year hi Megan this up in other news two of three suspects wanted in the assault and robbery of an elderly couple in total have been caught both the Oklahoma City police and the Oklahoma state bureau of investigation. the rest of twenty five year old Nathaniel Jones and twenty eight year old Jessica Roberts overnight at a home near south west fifty fourth than young's both were booked into the Oklahoma county jail under arrest warrant from Grady county for first degree robbery the victims were in their late seventies the is B. I. says the husband was beaten before he and his wife were tied up Saturday night authorities also say the husband was able to break free got a loaded gun and shot at the suspects and house speaker Charles McCall says he plans to create a bipartisan redistricting committee to oversee the upcoming house redistricting effort that will begin next year following the twenty twenty census McCall says his house committee will travel around the state to receive input from citizens in town hall settings hi Megan.

division director Megan assault robbery Nathaniel Jones Jessica Roberts Grady county Oklahoma Kerry Tulsa Oklahoma City Oklahoma county Charles McCall Eight billion dollars two million dollars twenty eight year twenty five year
"eight billion dollars" Discussed on KTOK

KTOK

01:52 min | 2 years ago

"eight billion dollars" Discussed on KTOK

"Eight billion dollars in funding to expand access to both treatment and to track over does data as closely to real time as possible Oklahoma share nineteen point two million dollars over three years instead of waiting until after report challenges decided the Oklahoma secretary of state's office now says it will soon begin counting signatures on a petition seeking a statewide vote on repealing the permit list Kerry gun law legal division director any canned tells the Tulsa world her office will be performing a normal count like all state questions and that the count it shouldn't take very long he hopes to have a number by next week that petition needs fifty nine thousand three hundred and twenty signatures to put the repeal on a statewide ballot next year hi Megan this up in other news two of three suspects wanted in the assault and robbery of an elderly couple in total have been caught both the Oklahoma City police and the Oklahoma state bureau of investigation. arrested twenty five year old Nathaniel Jones and twenty eight year old Jessica Roberts overnight at a home near south west fifty fourth than young's both were booked into the Oklahoma county jail under arrest warrant from Grady county for first degree robbery the victims were in their late seventies he always be I says the husband was beaten before he and his wife for tied up Saturday night authorities also say the husband was able to break free got a loaded gun and shot at the suspects and house speaker Charles McCall says he plans to create a bipartisan redistricting committee to oversee the upcoming house redistricting effort that will begin next year following the twenty twenty census McCall says his house committee will travel around the state to receive input from citizens in town hall settings hi Megan bishop. there.

division director assault robbery Nathaniel Jones Jessica Roberts Grady county Megan bishop. Oklahoma Kerry Tulsa Oklahoma City Oklahoma county Charles McCall Eight billion dollars two million dollars twenty eight year twenty five year
"eight billion dollars" Discussed on KCRW

KCRW

08:55 min | 2 years ago

"eight billion dollars" Discussed on KCRW

"Considered I'm Elsa Chang and a Mary Louise Kelley some of the nation's biggest drug makers are in closed door talks today and tomorrow in Ohio they are trying to reach settlements with state and local governments settlements that would cap their liability for the nation's opioid epidemic the settlements could run into the tens of billions of dollars Purdue pharma and Johnson and Johnson are at the table as are smaller firms north country public radio's Brian man follows opioid litigation for NPR he joins me now have brand let's talk first about produce farmer which of course makes oxycontin what are you hearing about what kind of deal might be on the table right so Purdue pharma has confirmed that these talks are underway Anneke Everman source close to the negotiations told NPR that they've been taking place today including state attorneys general and also the federal judge overseeing all this judge Dan pollster there's been numerous published reports now that the dollar amounts you're for produce could run as high as twelve billion dollars with some of that coming from the stock we're family and it could also mean the soccer family giving up ownership of this privately held companies through some kind of bankruptcy proceeding I want to ask about a recording and how it fits and this is a tape released this week by ProPublica and stats news it's tape of Richard soccer is one of Purdue farmers owners speaking during a deposition in a trial in Kentucky what's the what's the relevance of this tape brand what does he say yeah this was recorded just before Purdue pharma settled in earlier opioid lawsuit in Kentucky in twenty fifteen this was at a time when tens of thousands of Americans have already died from prescription opioid overdose as the Rangers are clear who we now know from company documents we now know he played a major role pushing hard do sales oxycontin he still denied any wrongdoing here he is being questioned by an attorney do you believe producers marketing was overly aggressive now do you believe produce marketing was appropriate I believe so after all you've come to learn as a witness do you believe produce conduct and marketing and promoting oxycontin in Kentucky coast any of the prescription drug addiction problems I don't believe so now this is interesting in part Mary Louise because in past settlement deals Purdue has often refuse to admit any fault and also demanded that all the court papers detailing any wrongdoing be kept secret or destroyed so one thing people are gonna be watching closely here now is whether any settlement deals include clear admission by Purdue and the staff there is that they contributed to the tens of thousands of all of your gas as the plaintiff's claim and also what information is made public about their actions right okay let me turn you to Johnson and Johnson which of course has already been in the headlines this week they lost the civil trial that was unfolding in a state court in Oklahoma a judge ordered Johnson Johnson to pay more than five hundred seventy million dollars to help deal with that states opioid epidemic arm what do we know about Johnson and Johnson and how interested they might be in joining a national settlement right so Johnson and Johnson says they will appeal that Oklahoma ruling but a government source tells NPR the company house approach judge pollster up there in Ohio interested in some kind of deal that would resolve all opioid related claims those talks in fact resume tomorrow Johnson and Johnson won't confirm all this but they did send this image and he are saying they remain open to a viable options to resolve these cases including through a settlement two other smaller companies Allergan an endo who also been in talks they appear to have reached tentative settlements and I'd say you're very Louise all these companies are facing huge potential liability a lot of uncertainty tied to this wave of lawsuits and their hope you're clearly is that deals like this would end that uncertainty right and and in the brief seconds we have left Brian and with all of this seeming to move very quickly all of a sudden is it clear work all of this money and all the settlement money would go yeah I know and that's getting messy politically there are big fights under way around the US in Ohio Oklahoma and other states about who will control this money it's also a big question how much of the money will go to people and communities struggling with addiction so we're gonna have a lot of those questions in the weeks ahead at its brand man of north country public radio speaking to us via Skype thank you Brian thank you all right and to understand more about what this settlement could mean for the company the plaintiffs and the Sackler family we turn now to Charles Teitelbaum he's a director at trip Scott law firm and is a former bankruptcy professor at the university of Maryland law school welcome thank you so what part of this proposed settlement is that per you format would transform from a private company into what's called a public beneficiary trust what does that even mean it means that through the bankruptcy court process which they're going to do they will turn the ownership of the business to a trustee work actually three trustees for the benefit of the public so they're in essence turning over the ownership of the company to the public okay so then how would this settlement get executed like how does that work the way it works is that the public trust will now operate the company and will generate profits flips the anticipate to be between seven and eight billion dollars and those profits will be used to help settle some of the claims conditionally if they have any subsidiaries that are non opioid that they sell the proceeds from that sale will be used to pay the creditor top okay are there other examples of of private companies that for one reason or another become public beneficiary trusts this is the first one I've seen by fifty three years a banker blink one now so why has it been so rare you think for something like this to happen for private companies to be made into public beneficiary dress because most of the bankruptcy trusts have kept the company's running under the current ownership to protect the stockholders because they've been mostly public companies here the Sackler family owns the interest so it lends itself to their turning over the company because they're no shareholders to complain well what about non private companies have you seen other examples of non private companies being turned into public beneficiary trusts after being sued we see trust your created in the bankruptcy they're not public benefits tree trust because the shareholders keep some of the interests and the trustees get some of the interest so in in a lot of cases where you have public companies such as asbestos cases are you D. cases the breast implant cases Piper aircraft for example all of them were public companies where the ownership went some to the trust and some to the creditors and some to the shareholders are here there are no shareholders accepted the fact we're family okay so what else stands out to you in this agreement what what's what's so important is besides the Sackler's themselves purportedly donating or contributing three billion dollars in what what's so important is that the bankruptcy court will resolve this by approving the settlement if they do and then the bankruptcy court will enter what's called a bar order which if the bankruptcy court finds that the Sackler's contributions are meaningful contributions then the bankruptcy court will bar any person or entity from ever suing or claim against the Sackler's where the company again I see okay so to be clear after this happens this public beneficiary trust is set up going forward every single asset of the Sackler family will be protected from any future lawsuits related to Purdue pharma correct if the bankruptcy judge finds that what the Fackler family is contributing is a meaningful contribution got it so how likely you think is it that this judge will sign off on this I think it may be likely yes everybody who is a proponent of the deal is able to convince the judge that based upon the financial capabilities of the Sackler's and the public benefit from this that all of this will be to the public good it is totally subjective with the bankruptcy judge to prove it but I suspect that the judge will Charles Teitelbaum is a director at trips got law firm thank you very much for speaking with us today my real pleasure U..

Elsa Chang Mary Louise Kelley Ohio five hundred seventy million d twelve billion dollars eight billion dollars three billion dollars fifty three years
"eight billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 2 years ago

"eight billion dollars" Discussed on Bloomberg Radio New York

"It's an attention back to regions Hey Angie she see on our markets and agreeable to flee the projected joins me not believe it's always good to see you setting the agenda on a Sunday morning we're expecting an increase in trading volume in Saudi Arabia stock exchange this week why sell menace we're finally getting close to the end of the embassy I trade we've been talking about this for a long time here in the show and what's happening this week is the fact that emissaries actually implementing the second stage of inclusion off the Saudi shares in its main emerging markets benchmark this is happening as of the close of choose the to twenty seven and that's when we are expecting to see a quiet big jump in volume of trading Riyadh because that's when the foreigners are actually going to adjust their portfolios to the index last time it happened in may when the first stage of the inclusion happen we saw around eight billion dollars trading in one single day in Riyadh that was the biggest volume for a single session since the end of sister thousand and six so it would be very very very likely for us to see a similar figure off trade this week it's important to remember that this does not mean that the index is going to jump at the same time because there's a lot of locals especially institutions were ready to sell their stocks to this foreigners that are now arriving what about the foreigner is a and then turns the bind method we often talk about domestic.

Riyadh Saudi Arabia eight billion dollars
"eight billion dollars" Discussed on WMAL 630AM

WMAL 630AM

05:28 min | 2 years ago

"eight billion dollars" Discussed on WMAL 630AM

"A Senate committee coming up I'm half an hour the very simple way to avoid being a burglary victim Stephen back to you thanks we're going to begin today with new data on foreign buyers to purchase real estate here in the U. S. that and it turns out that several economic factors have come together and resulted in a big drop in foreign investment last year foreign buyers purchased more than one hundred twenty one billion dollars worth of real estate in the United States but the strong dollar the shortage of homes for sale and other factors are having a big impact bringing that investment area down thirty one percent to just under seventy eight billion dollars an enormous drop that data and more are found in a brand new report for many are the two thousand nineteen profile of international transactions in U. S. residential real estate let's talk about it now with Lawrence June the chief economist of the national association of realtors Lawrence welcome to real estate today hello Steve and and thanks for having me on the show we are so glad you're here so Lawrence a thirty one percent drop in foreign investment that's enormous what's going on here well it is quite a sizeable decline but it is coming off a record high activity in the prior year but none the less to see a more than thirty percent drop this is implying that baby must be some critical underlying reasons as to why foreign buyers are pulling back we have seen the particularly among the Chinese nationals pulling back strongly and it could be due to some capital control restriction on the way or do you money coming out of China there is only a set limit less flexible now than before the other reason could be that given the increased discussion of the trade war with China that people are becoming more cautious and we have also seen for example the student enrollment in U. S. universities which by the way he's consider US exports as Americans collecting those tuition dollars Dennis also phone I'm told there's large number of indicator implying less interaction with foreign countries interesting so Lawrence again we've seen a big drop here but let's take a look at where those foreign buyers are investing in the United States one of the top markets here for that the top markets did not change soul for it you have spent in the lead by a large margin and as to the top destination for foreigners and then you have taxes in California or so this is showing a strong drawl forty foreign purchasers these three stories account for essentially a bit the one third of all foreign purchasers and then you have the Arizona along with do Jersey or so participating strongly North Carolina interestingly has always been in the top ten and continue to be the case because of the stronger job growth in the region along with many company expansion and they're all foreign related or succumbing to the Carolinas so the ranking among the states did not really change it is the total activity within each state has dropped in the latest numbers I see and Lawrence I guess the big question for me would be in many of the conversations that you and I have had you've always said that American real estate represents a really safe investment for people in other countries because of the stability of the economy because of the loss of property ownership here so tell me has that perception of America being a great place to invest in has that changed so the the Korean home sales you know he said an economic factor we have to remember U. S. economy grew at a very strong case this past year we in Britain and Canada the economic growth has been essentially as strong as in the US so that the part of the decline in the form purchase is due to the weaker economic conditions abroad that may America is a special exception very solid case but the trial but may be are so that that some people feel a little uncomfortable about each we'd war discussion maybe the perception that America may be less welcoming but in terms of the legality of you know what to foreigners can expect America protect property rights so if someone buys their property in Miami day know that there will be no chance of any confiscation what so ever so that is a very comforting to implore partners in acting as a result in the upcoming years I continue to expect partners will continue to invest strongly in the US I say will Lawrence I really appreciate you coming on the show today and talking about any R.'s new two thousand nineteen profile of international transactions in U. S. residential real estate thank you thank you you're very welcome Lawrence June the chief economist at the national association of realtors.

Senate thirty one percent one hundred twenty one billion seventy eight billion dollars thirty percent
"eight billion dollars" Discussed on KLBJ 590AM

KLBJ 590AM

01:51 min | 2 years ago

"eight billion dollars" Discussed on KLBJ 590AM

"I'm Mark Caesar. This update is brought to you by south Austin vein center. Texas lawmakers say the idea of raising the sales tax property tax reform proposal is officially dead increasing the sales tax bills and tended to be the vehicle driving property tax relief. And it had the endorsement of the big three governor abbot Lieutenant governor, Dan, Patrick and Speaker Dennis bond, but according to Rice University political scientist Mark Jones, it wasn't close to having the support of two thirds of the state legislature needed to pass it. There was nary a democrat who is willing to support it as well. As least a dozen Republicans who aren't going to support it which meant that. They were nowhere close to two thirds in reality. They weren't even really at a majority house. Democrats argue this walk shifts the tax burden on those who can afford. It least at the capitol Chris box NewsRadio KLBJ plan to improve thirty-five through the heart of Austin has a price tag eight billion dollars. Text up plans. To add managed lanes. But no toll lanes all of the lanes from MLK to Cesar Chavez would be below ground level, but not inside of tunnels all of the current. Upper deck lanes would be torn down construction could start in twenty twenty two and be finished in five years. There's been a significant drop in the number of classy misdemeanor arrests right here. On the direct result of the council's freedom city ordinance passed last year limiting the ability of police to make discretionary arrests but things like small time theft or driving with an invalid license. The city council, including mayor Steve. And they're saying one way that they wanna fight institutional racism. We are to be are better sounds than we have to confront these disparities head on. And we have to do something about a memo from gee, primarily shows a sixty three percent drop in classy misdemeanor arrest from January to March of last year. There were one hundred twelve January to March of this year, only forty one Patrick Osborne. Newsradiokkob EJ seven oh four. Let's.

Patrick Osborne Austin vein center Mark Caesar Cesar Chavez Texas Speaker Dennis bond Austin Mark Jones city council Rice University theft scientist Dan Steve eight billion dollars sixty three percent
"eight billion dollars" Discussed on Biz Talk Radio

Biz Talk Radio

07:55 min | 2 years ago

"eight billion dollars" Discussed on Biz Talk Radio

"Once again to investor's edge on this special show today. It's either a holiday we're caught up somewhere traveling in the out of parts of Mongolia or something like that. And as always we are pleased to be with you. So we started off talking central banks and just realize when we say fourteen trillion dollars of money printed that's going into the asset. Prices. It bubbles things up. The worry is what are the ultimate repercussions? Because the real definitions of bubbles or the causes of bubbles are easy monetary policy combined with asset prices going up and then at a certain point in time. Greed and the desperation of not being in overtakes things back in ninety nine. It was in the internet and tech space and some big big cap things. I still remember WalMart Jian a few others sixty times earnings even though they were growing ten fifteen percent at the time. And we all know what happened. And then we all know what happened and no seven we're in housing true story people would actually lineup. In two days in advance for I suppose, a condo. That was going to be built in Miami to plunked down a deposit, and then put it up for sale as soon as they sign the document and within a week. What Sullivan make twenty five or fifty grand it worked for a while. But of course, once price valuation get to stretched eventually things give things cave, and we all know what happened at that point, so easy money met greed and desperation. And now. We get to the point where we've seen. Markets. No bear markets for many years. No corrections for many a moon. And we mean ten percent and stay down for a while. Have none of it. Why? Because every correction is meth by central Bank, talk, central Bank, teasing or central Bank intervention. Which calls into question. Are we in bubbles? Well, we've already known from the past. That valuation will eventually matter. The question is in the biotech space. Why didn't it matter? Went biotechs with two to three years. Come public. Sure. Tha valuations anywhere from two hundred million to eight billion dollars and all the companies have one thing in common. They didn't even have sales. Some of the companies were just development stage modern even in trials. And of course, all brought to you by the wonderful human beings at this at the investment banks. That's bubbles. When you have a bond market. In corporate land where you have bonds yield nine percent now yielding three and a half. That's bubbles. When you have monstrously debt Laden countries. That have negative interest rates that's bubbles caused by interference. Just remember economics one zero one in Bonn, bland states. The more debt you have the more. You're debt is out of control the more. You should be paying your lenders are their lenders right now. If central banks are buying up all the stuff. The lenders. The people that want to buy the bonds get crowded out. But when they do by their getting yields much low within the norm prices much higher than the norm which acquaints back to. Stock markets. And not everything has to be in bubbles at once in two thousand housing stocks were one times earnings they actually bottomed when the market top. So all we do is sit back, and we just think about what's the norm. Is it normal to have a biotech company with an eight billion dollar market cap? That has no sales. Of course, not. Within the past that we've seen something like this. And what happened well in one thousand nine hundred ninety nine you had a bunch of dot com companies that had no sales with those types of market caps. And what was the outcome? Oh, eighty percent drop ninety percent drop bought out for pennies on the dollar or just flat out gone to zero. That's the precedent that we always tend to look at this. We always worry. About what we are seeing. We've always thought that markets between buyers and sellers at specific prices that they wanted to do business at not anymore. Japan has admitted they have used their own printed money, by the way, Japan, very debt-laden. They use their own printed money to buy up stocks. They've admitted it our central banks haven't and they say they don't want to be audited. We already know they've interfered with the income markets the bond markets because they had to admit it. They were out front and center. So the warriors we're in the midst of another bubble. Now as we talk right now, we're not sure what date you're listening to. And it may be a few months down the road from when we are talking and things may have already occurred. We'll see so use this show as a broader thought process on central banks and bubbles. And let's keep fingers crossed. That we're not. We we haven't been. In a ninety nine type atmosphere. Now, let me be clear bubbles great as they're going up. You wanna Hornets them? We do not use the term bubble badly while things are working. Oh, but we use it badly. When things top when the music stops. So we will always be watching closely. Because the biggest money is lost. When everybody is at their most, greedy at the most ridiculous price structures out there. When everybody believes nothing can go wrong. That this is going to go on forever. Warren Buffett one said beware of the naked man when he comes out of the ocean. When the surf drops and the tides role in..

Mongolia WalMart Warren Buffett Bonn Hornets Japan Sullivan Miami fourteen trillion dollars eight billion dollars eight billion dollar ten fifteen percent eighty percent ninety percent nine percent ten percent
"eight billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:19 min | 2 years ago

"eight billion dollars" Discussed on Bloomberg Radio New York

"Thirty eight billion dollars into the system and its first ever targeted operation. The Bank is offering a one year facility at a yield of three point one five percent. A discount of fifteen basis points to the rate. It's an attempt to encourage lending to small business and ease cash demand ahead of the spring festival. Grounded in Washington Secretary of state, Mike Pompeo delivered a tub. Thumping? Video message to the World Economic Forum in Davos, he spoke of disruptive views spreading around the globe, touted renewed US economic strength and claimed a string of foreign policy successes. President Trump commented on his absence from the event tweeting he was criticized for attending last year an attack now for staying away. You all know this new Windsor blowing across the world the central question is this do they signal Fairweather or for shadow a storm? Is this a pattern of disruption a force for good? Or not. At argue that this disruption is a positive development. Theresa May as being warned of increasing disquiet in her conservative party. But members worried that her government is sleep walking towards a hard Brexit, Tuesday's cabinet meeting her to call for Tory rebels to be threatened with. No Brexit at all. While other ministers set a no deal outcome. Should stay on the table, Brussels. Meanwhile, said Theresa May should simply say what she wants. We continue to follow very closely the ongoing commentary debate in the UK, we urge the United Kingdom to cloudy fights intentions as soon as possible. At this stage would have nothing new to save from Brussels. Because there is nothing new from London. There are signs of a solution to the shutdown in Washington with Senate leaders agreeing to allow votes on rival ways of reopening. The government lawmakers will vote Thursday on democratic plan that would fund agencies until February the a and also on President Trump's proposal that includes funding for his border wall. Democratic plan has already been approved in the house. Global news twenty four hours a day on air and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Deborah mount. This bloomberg. Scumbags. Our.

Theresa May President Trump Mike Pompeo Brussels Washington Davos US Fairweather bloomberg President Twitter Brexit London United Kingdom UK Senate Thirty eight billion dollars
"eight billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:10 min | 3 years ago

"eight billion dollars" Discussed on Bloomberg Radio New York

"In college for eight billion dollars. This follows last week's announcement of Bristol Myers Squibb with an industry record for a deal with their purchase of cell, gene. What do some of these big pharmaceutical mergers due to drug pace, it prices for more on that? Let's bring in Michael Ray, founder and chief executive of Rx saving solutions. Michael, I if history is any guide do these big mega-mergers a pharmaceutical companies lead to higher drug prices. Well, I think that you actually saw data specifically on the morning that the Bristol cell gene deal was announced where both companies raise prices that morning. So I think that you know, traditionally you're going to have to pay for that new that kind of new. Asset somehow, and and the way to do that is create more revenue drug prices and increases up those prices seems to be a way to finance finance buying like that especially at such a premium price. Michael Ray over the weekend. President Donald Trump tweeted that drug makers and companies are not living up to their commitments on pricing not being fair to the consumer or to our country is the president, correct? Well, I guess it depends on who he's talking about. I think that there are some drug companies that had made pretty lofty promises, and that the expectation from the president was that they would not increase prices drastically as they did that clearly didn't happen. I know that there's a lot of finger pointing in who and why drug prices to be increased. But no, I mean, for example, Pfizer, right? Pfizer back in July. Was called out because it raised the list price of more than one hundred a drugs, then the company said it would temporarily freeze the planned increases. But if you look at what's going on. Now, you can certainly see that companies are raising drug prices. Indeed, I believe their prices of two hundred and fifty drugs is going to be increased by an average of more than six percent. Yeah. Yeah. You're right. So, you know, we've been tracking price increases every day and just this morning about another seventy five came through. And so, you know, we're watching closely to see what the reaction is. It doesn't it seems to be very tamped down, even despite the president's tweet. You know, I think that he has strong desire to make a change. And do something meaningful the the power at his discretion. I think is is questionable just giving. What we what we've seen play out in the market and the continued increase in prices. Well, but then Michael brings me back to these mega mergers that we're seeing in the pharmaceutical industry, just one. Under how much political players are going to get involved or try to block these mergers. As a result of trying to lower drug prices. I mean, do you see that happening or no? Well, I think that you know, there's a case to be made financial spreadsheet that says the synergies of these companies brought together will eliminate cost and therefore allow them to prices to go down. We see that with every merger pretty much that comes across within an industry the reality. And how that plays out is another story. And unfortunately, we don't know that information until you know, two three or four years from now. So that's kind of a question to be to be explained. I think to the committees vote on whether those murderous go through do you buy this idea that high drug prices are necessary in order to fund the development of new drugs? No. All right. Then asked to end answered one question. I have when we've spoken in the past. Michael we've raised the question of big companies pushing back on pharmaceutical prices and saying, you know, we can collectively have a pretty strong negotiating position given how much business we do with you lower those prices are we seeing any pushback from the price hikes that you've been tracking. You know, we we see we see disgruntled payers we see the reactions that they have. And I think what it does is it raises the interest in angles to attack the problem there are there are many many players in the supply chain that that have a feeling in certainly the pharma companies have their own and why they think rebates negatively affect them. And our reason that they have to increase prices to continue to pay those rebates. So I think it sparks a discussion. It's one that needs to happen sooner than later, preferably. An and I think from an industry perspective, they need to have that. Now, if they don't they're gonna come under political regulation, which I think is is in the best are in the worst interests of all players in the supply chain by Carre generic drugs. Sometimes we look at brand names, we use those as the proxy for price increases. But it's also generic drugs whose prices are going up. Correct. Correct. Yeah. I actually saw one about three weeks ago on a diabetes medication that went up one hundred and forty eight percent one night. Right. Last night. Another one went up twenty three percent. So you're seeing these these double even triple digit increases on on on generic drugs as well. So what's the justification for these price hikes other than just fatter profits are paying for acquisitions? You know, it's a good question you when you look at the innovation that that happened from between December thirty first of eighteen in January first of nineteen I think it's going to be hard pressed for most companies to point to something drastic change. So I think that you know, there is an inflationary, you know, just kind of time that that justifies maybe some type of increase. I think how much is just a question that the country. Politicians payers have all struggled with, you know, looking back over the past five years or so well Michael last question to Medicare and Medicaid, aren't they the big buyers of drugs, they can't even negotiate those prices currently? Yeah. That is that is if there's a politician, you know, focal point, that's that's I think the first one to start on is how to figure out that problem. Because if you can't if you can't, you know, very strong case for forgetting a lower price. They do have the leverage from the buying power perspective. So how they exert it. Well, it will be interesting to watch. All right. Thanks very much for being with us. Michael raise the founder and the chief executive of our savings solutions..

Michael Ray president Pfizer Bristol Myers Squibb President Donald Trump chief executive founder Rx diabetes Carre Medicare Medicaid eight billion dollars twenty three percent forty eight percent six percent three weeks