35 Burst results for "Eighteen Billion Dollar"
Weather experts: Lack of planning caused cold catastrophe
"I'm Julie Walker weather experts say a lack of planning because the cold catastrophe we lived through last week because that killer freeze was no surprise at least twenty people dead four million homes without power heat or water at some point insured damages so far estimated eighteen billion dollars meteorologist sounded the warning for weeks at a time to officials and on social media tweets like off the chart cold blogs about arctic air alerts warning of subfreezing temperatures but the head of the national weather service's behavioral insights unit says people may have heard the message but we're thinking cold is no big deal something disaster science professor Jeannette Sutton says it's human nature it is our communication with trusted people around us that influence the decisions we make even more so than the message another weather expert says of the utility and power companies left unprepared saying the storm was so big it wasn't planned for is not a great way to plan I'm Julie Walker
Democrats kick off process to fast-track COVID relief package
"There are now two proposals for the next covid. Nineteen relief package one from the democratic white house. One from republicans in congress and it seems lawmakers on both sides are now moving forward with their own. Plans without a lot of bipartisan support first. Let's talk about the republican plan. It's worth about six hundred. Eighteen billion dollars it includes money for covid nineteen vaccines testing treatment and medical equipment. Also more direct payments this time worth a thousand dollars for americans who make less than forty thousand a year and it also includes billions of dollars for small businesses schools and childcare. But it's not clear if this plan stands shot at passing since democrats who now hold the majority in congress say it's not enough overall. President biden wants to covid nineteen relief package three times the size of that one at one point nine trillion dollars but republicans have called his plan too costly on top of almost everything in the republican proposal. Biden also wants to see aid for state and local governments larger direct payments for more americans and a fifteen dollar an hour. Federal minimum wage just to name a few sticking points president biden met with some moderate republicans at the white house yesterday. Several of them left the meeting saying they got the impression biden was open to negotiating some elements of his plan. But it looks like some of his fellow. Democrats in congress are ready to move forward. Without their republican colleagues top dams in both the house and senate released a separate budget resolution. It basically unlocks special rules allowing biden's package to pass with a simple majority vote in the senate so that essentially means fifty one votes instead of sixty votes usually need it or another words. They can passage even if every republican votes against it. The ap says the goal is to have a relief deal approved by next month since. That's when extra unemployment assistance and other past pandemic aid
Biden to meet Republicans who propose lesser virus aid
"President Biden will meet today with ten Republican senators who are proposing far less virus C. than the one point nine trillion dollars he's seeking the group is pitching six hundred eighteen billion dollars focusing on the pandemic's health effects rather than its economic toll including less money in direct payments to Americans than the president wants he's happy to have a conversation with them spokeswoman Jen Psaki says the senators are making a good faith effort to negotiate the president's making his own good faith effort to engage but she stresses he believes there is a big danger in approving two smaller recovery package with this meeting is not is a form for the president to make or accept an offer some more Liberal Democrats are urging party leaders to approve a bigger bill even without G. O. P. backing Sager mag ani Washington
Sherwin Williams Fires Tik-Tok Sensation, Painting a Cautionary Tale
"Listen up. It's a great lesson for any business leader or marketer and a whole lot of schadenfreude of fun. well sherwin williams america's biggest paint company. Just got its comeuppance from a tiny florida rival and tiktok loving college kid and embarrassing. Faux pas by sherwin williams is the very example of a culture clash between behind the times corporate america and gen z creativity. Now perhaps like millions of us stuck at home. You've been on a painting. Bench come on admitted. Maybe you've even seen tony. Pilo pilarcitos tiktok channel tone. Stir paints until. Recently the ohio university business student worked at an athens. Ohio sherwin williams store a job loved in fact he so excited about paint that he started a tiktok channel on which he simply mixes paint typically with hip hop music playing in the background watching pillow saito. Mix paint whether it's a gray for sherwin williams shopper or the viral video in which he tints paint by mixing in real. Blueberries has proven to be oddly mesmerizing and incredibly popular. The paint mixing artists has more than one point. Two million tiktok followers. His short videos routinely receive half a million likes even more in fact it took pilarcitos tone stir paints virtually no time to go viral. According to buzzfeed the sixth video asano ever posted got more than a million views. So pilo saint did what any enterprising college senior might do. He whipped up a presentation for sherwin williams marketing department with such a huge following. Figured he could show the eighteen billion dollar company a thing or two about using tiktok to attract younger gen z shoppers. Alas his plan backfired for a while. Anyway rather than using enthusiasm about the million plus followers sherwin williams could have for free. The company fired him according to peel asano. The student told his story. On where else tiktok. He says sherwin williams marketing department. I ignored him but later they called the loss prevention department. Which accused peeler say no of stealing paint and making the videos on company time. He admitted to making some videos. While on the job at says he purchased the paint. He used no matter. Sherwin williams accused him of gross misconduct including quote seriously embarrassing. The company or its products at age reported one could easily argue that sherwin williams has its marketing covered and doesn't need any rogue creatives on its payroll. The paint giant suffered a bit during the early pandemic lockdowns but since then has surged with home sales renovations and diy decorating projects on the upswing. We all seem to be buying paint along with flour booze and toilet paper the today show points out. That's pushed sherwin williams sales up about five percent. The companies also persuading more and more customers to purchase premium paints as a result profits soared twenty one percent in the third quarter according to the motley fool. But this sort of publicity. Well that's not something. Any company would want news appeal. Santos firing elicited disdain on social media on twitter. One observer said some not so nice things about the presumed age of the marketing department. Staffers hello baby boomers and added that they quote missed out on a cutting edge marketing campaign for your products. That's why bear painting. Kelly moore paint or going to outsell. Y'all close quote an industry publication at age quoted. Pr executive andrew cross of agency walker sands cross said sherwin williams sent a signal as loud as it was unintentional that employees. Who do what they're told or more valuable than employees who think outside the box out cross added that the company had quote stifled ingenuity sherwin. Williams are the biggest beneficiaries of the outrage. And they were quick to take advantage of an opportunity. Lost pilo says he received job offers from bear. Benjamin moore and other major paint brands but he chose a role with regional chain. Florida paints the ohio university senior plans to finish studies online provided. He's not too busy. Establishing what will be his very own custom line of paint colors. Oh and keeping that tiktok channel up featuring colors only from florida paints saint story is now a marketing. Fabled should be repeated in entrepreneurship classes at business schools everywhere and perhaps quickly forgotten on purpose the boardroom sherwin williams
In Marketing Misstep, Sherwin Williams Fires TikTok Paint Sensation
"Well sherwin williams america's biggest paint company. Just got its comeuppance from a tiny florida rival and tiktok loving college kid and embarrassing. Faux pas by sherwin williams is very example of a culture clash between behind the times corporate america and gen z creativity. Now perhaps like millions of us stuck at home. You've been on a painting bench. Come on admitted. Maybe you've even seen tony pilarcitos. Tiktok channel tone stir paints until recently the ohio university business student worked at an athens. Ohio sherwin williams store a job. He loved in fact he so excited about paint that he started a tiktok channel on which he simply mixes paint typically with hip hop music playing in the background watching pilo saito. Mix paint whether it's a custom gray for sherwin williams shopper or the viral video in which he tents paint by mixing in real. Blueberries has proven to be oddly mesmerizing and incredibly popular. The paint mixing artist has more than one point. Two million tick tock followers. His short videos routinely receive half a million likes or even more. In fact it took pilarcitos knows. Tone stir paints virtually no time to go viral. According to buzzfeed the sixth video peterson ever posted got more than a million views. So pilo oh did what any enterprise in college senior might do. He whipped up a presentation for sherwin williams marketing department with such a huge following. Figured he could show the eighteen billion dollar company. A thing or two about using tiktok to attract younger jen's e shoppers alas. His plan backfired for a while. Anyway rather than using enthusiasm about the million plus followers sherwin williams could have for free. The company fired him according to peel asano. The student told his story. On where else tiktok. He says sherwin williams marketing department. I ignored him but later they call the loss prevention department which accused lozano of stealing paint and making the videos on company time. He admitted to making some videos while on the job but says he purchased the paint. He used no matter. Sherwin williams accused him of gross misconduct including quote seriously embarrassing the company or its products at age reported One could easily argue that sherwin. Williams has its marketing covered and doesn't need any rogue creatives on its payroll. The paint giant suffered a bit during the early pandemic lockdowns but since then has surged with home sales renovations and diy decorating projects on the upswing. We all seem to be buying paint along with flour booze and toilet paper the today show points out. That's pushed sherwin williams sales up about five percent. The companies also persuading more and more customers to purchase premium paints as a result profits soared twenty one percent in the third quarter according to the motley fool. But this sort of publicity. Well that's not something. Any company would want news. Appeal san hose firing elicited disdain on social media on twitter. One observer said some not so nice things about the presumed age of the marketing department. Staffers hello baby boomers and added that they quote missed out on cutting edge marketing campaign for your products. That's why bear painting. Kelly moore paint or going to outsell. Y'all close quote and industry publication adage pr executive andrew cross of agency walker sands cross said sherwin williams sent a signal as loud as it was unintentional that employees. Who do what they're told or more valuable than employees who think outside the box out cross added that the company had quote stifled ingenuity sherwin. Williams rivals are the biggest beneficiaries of the outrage. And they were quick to take advantage of an opportunity. Lost piano says he received job offers from bear. Benjamin moore and other major paint brands but he chose a role with regional chain. Florida paints the ohio university senior plans to finish his studies online provided he's not too busy. Establishing what will be his very own custom line of paint colors. Oh and uh keeping that tiktok channel up featuring colors only from florida paints. Saint story is now a marketing fables. Sure to be repeated in entrepreneurship classes at business schools everywhere and perhaps quickly forgotten on purpose in the boardroom and sherwin williams
America’s Zombie Companies Have Racked Up $1.4 Trillion of Debt
"Zombie apocalypse on wall street. Hundreds of big name companies wants american icons are now among the walking dead names like boeing carnival delta exxon macy's. They aren't making enough money to pay the interest. On the mountains of debt they feasted on during the pandemic. Nearly two hundred companies have joined the zombie ranked since march and their numbers are growing total debt obligations now nearly one point four trillion dollars. So is there any hope for the walking dead here guy. I mean what's interesting. Is that a lot of these names. They are names that we talk about trading on this show. So how should we start thinking about this before we get in the walking dead. I just want to point out. That's a great job by our crack. staff leading. With of course the cranberries zombie which is a bit of an obvious choice in the great delors. Oh reared who lost too soon. She was obviously the founder of the band wonderful vocalist. I might have gone a different direction. And maybe we could've played something like this for example. Melissa leo the crack staff is listening into the show. Why the zombies. No it's important to point out the folks at home. It's more important than actually trading our first topic in what is known as the block of the. It's not it's not more important. And i and we'll talk about the black and we'll talk about zombie companies because i think it's important and last night we mentioned macy's and you talked about one hundred dollars table. Then tim said might be the thousand dollar table. And i think collectively. We thought there was a real good chance that with test that nine fifty five level which was the june high and i think it got up to nine twenty five today on two or three times normal volume. Now's the time to be taking profits. A lotta shorts have been squeezed other companies that you mentioned delta for example. I think that's a completely different ballgame. But what i will say. This counterintuitive is. This may seem if the economy starts to get better. You would think this is good for these companies but that means interest rates economic higher. And that's going to cripple some of these companies. We talked about it last night. And i'm sure one of our guests coming out. We'll talk about that again. Tim how do you start thinking about macy's and that debt that they apparently can't service. I mean when i think about dombi i think about that thriller video and i know guys got that red leather jacket with all the zippers on it. So just just to be clear. I think when i think about those companies you just mentioned they're all they're all different in terms of their Potential to be proper zombies a great band by the way. But i think you know boeing not assam company You know it's not Boeing is a company that has the ability to raise debt. But more importantly yes. Boeing's business has been totally disrupted boeing. His burned through so much cast in the last year. And it will burn through some castro most of twenty-one but it will be free cash flow positive by twenty two in probably be neutral by the fourth quarter so calling them assam company. I think is absurd. Calling macy's zombie company is something that's at least a fair analysis although again macy's showed that free cash flow with something that they expect they're going to have in twenty twenty one two and a company that raised a lot of money To to at least be able to fight another day including having a three billion dollar asset back facility is something you don't do cartwheels over macy's position right now but the recovery there and i'm long so i've made this clear. I actually think there's more of a recovery story even though i don't think macy's gets better overnight. Delta relative to other airlines is not even close to his ambi- story dealt is actually going to start to make money towards the fourth quarter of next year and we're not talking about a normalized business. We're talking about a business where odyssey international comes under a lot of pressure. So i also just think that the fed and the role that the fed is playing here and the role that the fed will play just through talking About the bazooka in their pocket means a lot of these debt markets. Don't have a whole lot of an impact in the next six months To what people think they're gonna do. I really don't expect it so it doesn't matter that these companies zombie companies it doesn't matter that delta added twenty four billion dollars in debt since the pandemic started by baldwin. At what point do we start getting worried about that. Debt load and these companies guy made the point that if the economy gets better you would think that that'd be better for these companies that can make more money they can etc said sell more whatever they make but then interest rates go higher. So how do you weigh that. Yeah those are all interesting. Factors that keep into To keep in the front of your mind. And tim did a good job of laying out the differences of these companies. But speaking to your question right the commonality of all these of these companies that they have as you have looted to have added significant portions of the balance sheet this year and they're burning through cash at a rate and their revenues are down at rates that we just haven't seen we're talking about you know seven and a half billion dollars of cash burn and eighteen billion dollars of casper burn boeing's example seven and a half carnivals example. So you have this push pushing pull situation. What i will say is that you've seen across the board. All these companies put one thing. I right and that is runway. And so they've taken on this debts that they have enough cash to get them to their next stop in order for them to continue to be able to operate what we've seen is them trying to achieve operating leverage by reducing staff count. And that is what. I think the topic that we're kind of trying to speak to. Here's when you start slashing human capital when you stop investing in capital expenditures when you stop innovating that is what leads you to being somewhat of a dead zombie company even after you've getting on the other side of this debt service coverage ratio also something to keep in mind. You can't meet your interest. Can't meet your debt service coverage ratio. You got serious problems dan. Yeah i think bond would makes a great point there and just look at our auto industry over the last ten years and obviously gm came out of bankruptcy ten years and wiped out a lot of that debt but they had a huge government interests that was really carried along and probably hurt them a lot of different ways as far as innovation and the way the bhawan just described it. It's clearly hurt for a lot of ways and look at the auto companies are doing really well right now so i think that's a great point. The other point on this make about this is that this is the world that we live in. It's the world that a lot of parts of our planet have been looking at japan over the last thirty years or whatever and then we are going to be saddled with debt whether it's consumers whether it's sovereign balance-sheets whatever the heck it is corporates. That's just the way it is. And that's why interest rates are really never gonna meaningfully. Go up again. Because we can't service all the debt and just make one other point if you think about twenty twenty and what's happened here. Obviously the fed has done their job. They hit this crisis early to make sure that we did not have large-scale bankruptcies right of some major corporations which would really snowball the unemployment situation here but let me just tell you this here. We are now four months out from expanded unemployment benefits. Were heading into the holiday season. We're in a very rocky transition and a lame duck. Congress and there is no more fiscal stimulus for small businesses and consumers. That need it really bad. So the fact that we have a trillion dollars for a bunch of companies that were buying eighty five percent using their free cash flow to eighty five percent of their free cash flow to buy back their stock over the last five years. The airlines and we can't bail out restaurants so we can't bail out consumers that is really troubling to me. Yeah we're really tough spot right now in terms of that bridge to the other side waiting for that other side for the vaccines actually be distributed and as well as injected into the arms of americans
Despite the Pandemic, Airbnb Will Take the Company Public
"I'm Elaine Appleton grant and this is business worse daily on this Tuesday August Eighteenth David Brown is on vacation. There's no other way to say, this twenty twenty is a weird year and yeah, that's a whopping understatement particularly for the travel sector, the latest news and the beleaguered lodging industry. It looks like AIRBNB will go public before the end of the year. The multibillion dollar home sharing company has long been eyeing the public markets. Early, this year AIRBNB was planning its IPO even though twenty nineteen. had been a rough year to in the first nine months of that year and the company lost more than three hundred and thirty million dollars growth was slowing competition already rough was increasing from aggressive rival Expedia, which owns short term rental brands. We are be O- and home away as we reported here, last year the entry of Marriott into the luxury home sharing business didn't help either. When the pandemic hit things took a dramatic turn for the worse the company faced a Billion Dollars in cancellations its valuation dropped from thirty one, billion dollars in twenty seventeen to eighteen billion dollars. This April, the next month airbnb laid off. Two, hundred people a quarter of its staff. It also slowed down plans to expand into TV and transportation the verge reported. Things were looking dire enough that even though it had plenty of cash on hand airbnb chose to borrow money and take on new investment to get through the crisis in total. The company raised two billion dollars at what the verge called. The steep interest rate top executives cut their pay and the eight hundred million dollar marketing budget was slashed the New York Times reported. It all seemed like one gigantic headache I say O'Brien Chessy in his crew. And yet AIRBNB still plans to go public by the end of August. AIRBNB could file IPO paperwork with the SEC if it does shares could trade before New Year's. At first glance that sounds crazy. But it actually reflects a little good news for the travel business along with some dramatically new patterns of travel behavior both here and abroad what do I mean? We'll think about it if you were stuck in the middle of a crowded city, this spring or summer working at your dining room table, would you stay put? Beginning in May a certain number of US said Hell? No. They had a Derulo areas where they could rent other people's homes, AIRBNB bookings, both in America and overseas began climbing back from their black hole for the three weeks starting around Memorial Day vacationers reserved twenty percent more homes than they did a year earlier according to Bloomberg business was best far from the madding crowds in. June. Reservations in the countryside jumped twenty five percent hosts in rural areas earned more than two hundred, million dollars in that month alone payments DOT COM reported international travel is virtually impossible and of course many. Of US are still avoiding airplanes so more and more of us are taking vacations within two hundred miles of our homes about one tank of gas in many cases were also staying longer after all many people no longer have to get back by Monday to go to the office we just take our work with us in a meeting in July CEO Chesty expressed amazement at the rebound in bookings. There is something I never would have imagined telling you the New York Times reported a kind of defies logic, but in June reservations also grew at rival Vr be oh, the Motley fool reported. Optimists see these numbers as a sign of life for the travel industry as a whole but predicting the future of travel right now is best left to gambling halls AIRBNB is fortunes could change suddenly depending on the course of
Airbnb Headed for Confidential IPO Filing This Month
"This is something that I would normally wait until the news was official before reporting on, but AIRBNB is the biggest Unicorn we've been anticipating, Mike Public, all year, its path to an IPO has so perilous what with covert and everything, and frankly we've discussed how very desperately the company needs to go public soon mostly for internal morale. So worth noting that sources are telling the Wall Street Journal that AIRBNB plans to confidentially filed for an IPO, this month with the aim of May getting the listing out the door by the end of the year. Let me let the Wall Street. Journal. Reminds you of how he got here quote. The long-awaited move, we'll bring one of the stalwarts of the sharing economy into the public domain alongside ride sharing platforms uber and Lyft, and sets up the next few months to be especially busy time for big IPO's AIRBNB was recently valued at eighteen billion dollars down from an earlier evaluation of thirty, one billion an imminent debut would mark a turnaround for airbnb which was founded in two thousand eight and allows people to list their homes for rent for years. The company shied away from the public markets as it grew into. One of the most highly valued startups with four point eight, billion in revenue in two, thousand, nineteen alone. It also spent big however prompting it. To swing to a loss in the first nine months of twenty nineteen compared with a two hundred dollar profit a year earlier, The Wall Street Journal reported its woes deepened late last year after issues emerged involving crime and safety problems on its platform and as the pandemic spread across the globe. So did the company's headaches people stopped traveling causing bookings to plummet airbnb three years ago valued at more than thirty billion dollars rush to secure financing from private equity firms, Silverlake, and sixty partners at a high interest rate and with warrants that when exercise would value the company at eighteen billion dollars in May. AIRBNB. said it was laying off a quarter of its staff and
Honeybees Need Your Help
"Today, a non coronavirus. You about honeybees from a guy who knows all about. Them Sami Ramsey Aka Dr Bugs. First of all can i. just ask you how you got that nickname, so actually got that title Doctor. Bugs while working at the Supreme Court of the United States I work with the Supreme Court in. I know, I know I was the only intern some measure and the deputy clerk of the court referred to me as bugs, and then told him that I was going for my doctor. He's like Oh, Dr Bugs so honestly, the Supreme Court just did not know how to handle your entomologist and all they could do was just yell but. They really did not know what to do with that. And of course, nickname stuck, which is perfect for savvy. A honeybee researcher at the US Department of Agriculture also props to the Supreme Court for taking an entomology and turn the best science. Yeah, I, said it. Okay. So how is play an important role in our ecosystem and for our economy, but the cells as you might have heard are not doing so hot. we lost. About forty percent of our honeybee colonies left with deeply concerning and unfortunately, as continued a trend over the past decade, or so of US losing close to thirty percent of our bees every year. And that could have huge consequences for all of us. So today the show what's killing the Bees Sammy Ramsey tells us what's driving these die-offs including a wild critter straight out of a horror movie. And he tells us what we can do to help the base. Two semi your friends, the honeybees. They're not doing well. Can you give us a quick snapshot of Why that matters Honeybees are dramatically importance to the environment in a number of different ways We could survive without them. We would just be really really bummed out because we would lose things like coffee. Avocados lemons limes oranges. Fruits and vegetables are pollinated by Honeybees, and while they wouldn't disappear entirely the huge amounts that we produce them in with simply be unsustainable, and they will become incredibly expensive prohibitively, so honeybees are worth more than eighteen billion dollars to the US economy every single year, primarily because of their pollination services in the night off that you mentioned earlier. Is this at all related to you know news reports that came out a few years back about bees kind of vanishing. Is that related to this dollars that a different thing? Who Okay here we go, so? We were talking about the colony collapse disorder. The defining quality was really that would open a colony that had been fairly productive, and just days before, and there would be pretty much nobis there. We have not seen that particular set of issues in more than half a decade now. We don't know whether it was a virus. Weather is a novel parasite whether it was just the confluence of. Of all of these different issues all coming together that the bees been dealing with stress climate change because it disappeared so sharply that we still haven't had the time to fully flesh out what occurred there. Okay, so so that is not what's going on now. That has subsided. We're not exactly sure what caused it. We're not exactly sure what ended it, but we're glad it's gone. So let's talk about the actual issues. That's making it hard for the bees to survive now so there's a triangle. Factors called the three piece, and that stands for parasites, pesticides and poor nutrition. These are the three main issues currently impacting honeybees now while colony collapse disorder is not still e problem. It did open our eyes to the fact that our bees are really unhealthy. What is? Is potentially the case. Is that colony collapse disorder isn't the issue. The bees were dealing with, but just sort of the punctuation mark at the end of a very long and very concerning sentenced about the state of honeybees around the world, so let's talk about the I p. the parasites you study that one that sounds like honestly to me a transformer. Tell me about that one. Varroa destructor does sound like a transformer, and while you might think that name is melodramatic, it's not I mean this parasite is off the wall wacky this parasite small about one point two millimeters long it climbs onto a be, and it will actually wedge itself between the exoskeletal plates that make up the bee's body so pretty much the be skin. It wedges itself under their. Their kinda levers one of the plates up and breaks through the skin under that with this mouse parts, and it releases this cocktail of digestive enzymes that break down the tissue in that region into a slurry, is literally turning the beasant cream of honeybees soup, and then sucking that out of their body so deeply concerned. You didn't have to say that with the Soup Yeah Sorry I you. It's a very good metaphor, but you didn't have to do. Well I. Want People to understand the horror story that honeybees are living through on a regular basis. It gives us more of a respect for them. You know. Yeah, okay, so let me get this right so this particular parasite this in. Might you know the way that it acts on the bees is extremely destructive in an also kind of them up suffer even more from poor nutrition exactly so let's talk about poor nutrition. What does food for a be look like in in? Why aren't they having much access to it? As they need great question so honeybees, the visit tons and tons of. Of Flowers, and they drink the nectar from these flowers. They transported back to the colony They regurgitate it into the cells. at they dehydrate it and turned it into honey they also collect pollen from these flowers, and all that pollen is used as a source of protein to then rear their offspring. So when these BS don't have a lot of pollen or nectar, they begin to starve, and they go into this stressed out sort of crisis mode. There's a lot of stress that they deal with as a result of that, and unfortunately, it's not just the matter of starvation. Them having a diet that is not. That can be really problematic. An individual, who is constantly eating French fries isn't starving, but they don't have the full complement of nutrition that they need in order to be healthy, and that's sort of the scenario that we have the bees in at this point and that doesn't allow the bees the sort of diversity that they need when they're feeding. Of Our land has been turned over for of course, the development for. So. There's a lot of monocultures out there of plants producing the exact same nutritive in their pollen. Okay, so final P. Pesticides. What are we talking about exactly? And what's kind of the problem? pesticides win used responsibly can be very effective at reducing the numbers of destructive insects that are destroying crops and keeping the cost of producing these crops down Now we have a lot of pesticides that are systemic there absorbed by the seed, and they ended up in different parts of the plant, such as the pollen or the nectar that has been collected by the bees and brought back. Back to the colony, and it moves all through the colony in addition to that there are chemicals like my decides mixed in with the herbicides and weed killers. People sprayed on their lawn, mixed with the Agricultural Insecticides while those chemicals may be used responsibly. We actually don't know what the interacting impact is for all of those different chemicals together. We've found that colonies on average have between three and four different chemicals in the colony anyone point and upwards of fourteen times, which can be really concerning, because we just can't account for all of the different effects that can have Gotcha Gotcha. So Okay Sammy if we as humans don't take actions to intervene. What. Do People that study? These think is going to happen. ooh, okay. We don't take action to intervene. I can tell you very clearly. There's going to be a dramatic economic impact without the bees. To produce those plants and native pollinators would take up some of the slack, but we would not be able to produce them nearly the large amounts that we produce them in. But I do want to say. Very clearly that this is being blown out of proportion by the magic of the Internet, people think that everyone will die if the B.'s disappear, but there are plenty of wind pollinated plants, corn rice, that cultures have lived off of for ages, and they've been fine. The problem is we will lose so much diversity in our diet and food would be a lot more expensive because there would be a massive drop in supply. Gotcha, so okay, what kind of solutions or things you know that we can do as a society would have the most impact in helping the Honeybee. Wonderful that Anyone can do. leave those dandelions alone. Don't mow the lawn in a way that is getting rid of all of the the difference Dandelions and things that we typically considered to be weeds, the wildflowers that spring up in your lawn. Bees love them. Leave them alone nowhere. We killer on those. And if you really want to be a huge help, plant tons of flowers and your front and backyard make a be sanctuary out of your living space. If more people did that, the issues that the bees deal with in terms of poor nutrition would be mitigated in a number of different ways, because bees are capable of self medicating if they can get a lot of resin and different kinds of nectar and pollen from flowers, able to medicate themselves, but they can't do that when they only have the offerings of that one plant. Okay Sammy I appreciate you and I appreciate the bees hall. That, warms my heart to hear I think. B.'s actually really love being appreciated. Well. Don't we? All I'm going to go home and not kill any dandelions implant some flowers. My Work here is done. Sammy Ramsey Aka Dr. Bucks and Tamala just with the US Department
Marathon in Talks With Potential Buyers of Speedway Unit
"We've got a mark flash on marathon petroleum. Let's get to, too. Melissa it's up roughly about three percents on six hundred thousand shares of. Volume and this is on some Dow Jones headline saying that Marathon. Petroleum the twenty five billion dollar oil refiner, not to be confused with the exploration and production company. He's looking to proceed with potential buyers of its speedway gas station unit. They're trying to sell it. It could have held evaluation about fifteen billion dollars to eighteen billion dollars in the pre covid, nineteen kind of estimate, but right now they're also looking at a possible spin off of the company, so it looks like it's restarting things trying to get this speedway. speedway units sold or spun off to shareholders or to the public in some way shape or form, but that's what's moving the stock right now, and that's the reason why it's up again about three and a half percent right now. Six hundred sixteen thousand shares after hours volumes will let you know if anything else happens with this story, but that's the reason why Melissa back over to you guys all
What COVID-19 Portends for Defense, Now and in the Future
"Steve. What changes are being proposed to fiscal? Twenty twenty what can we expect in that kind of supplementaries requests? That's being debated right now. The department offense is not particularly exposed or a beneficiary. If you will on of the emergency appropriations that are being made right now on. There may be some effect on. Dod Indeed the Twenty Twenty the total of twenty twenty appropriations all of a sudden on will surely be larger than the Seven hundred and eighteen billion dollars. That has been appropriated here to four but but I don't think it'll be a lot unless The administration comes up with new missions for the Department of Defense and its constituent elements the military departments primarily that that we hadn't you know that we haven't envision yet I think There's a little bit of money in one of the first bills that's already been asked to lead a poison forces or change the allocation or accelerate the allocation of some equipment to National Guard units. The details of those. I'll confess I'm not quite straight up on. But it's not a big impact as compared to the monies that are being allocated to the National Institutes of health. Hhs Department Obam Homeland. Security are the bigger recipients of money in the emergency supplemental. That were passed last weekend over the weekend. Michael did you have anything to add to that About some relief that might become in the way of the aerospace defense industry in some of the legislation. That's being occurred. Not maybe straight Appropriations but policy wise. Yeah absolutely I get to that in a moment but first Steve I gotta ask you. Is this the first known Emergency Appropriations bill that you can remember. That doesn't have the DOD at the center of it. I mean I'm just struck by the fact that we're talking about an emergency bill and Dod Really. The center of attention is just amazing to me. Yeah probably not the first one. I certainly believe there was a for example when when Hurricane Katrina if the Gulf coast that there was an emergency supplemental. Bill passed them. That had probably also had some dod money's in it but most about was federal monies to domestic. Let's call them agency so it's not it's not the first but but it's it's it's not often that we see a big supplemental come down the Pike with with dispatch like this one did that doesn't indeed feature the Department of Defense in this one does not want. It does not feature the Department of Defense. Let's say let's right. That's a good clarification over the other thing. I would say about it the other thing. Sorry now that you've got me rolling Michael Allen that I would say about. It is that Unlike some other supplemental appropriations. They're not really trading off or supplementing truly supplementing base appropriations Parisian's already been made in in the case of the twenty twenty budget on these are true incremental emergency expenses. You know as as we know and as our friend like Todd Harrison. Csis's painstakingly analyzed. There's a lot of stuff that ends up in a dod emergency supplemental. That are are really not true incremental responses to an emergency. This bill that they passed last week is is is true. You know authentic incremental expenses which but for the advent of the Cronin virus would not have made their way into Ud's budget and probably other agencies budgets as well. That's that's a good point. Excellent so Jen going back to your original question to me. So as we sit here and record this podcast were waiting to see what the Senate may came. Come up with in regards to any kind of specific stimulus for the aerospace and defense manufacturing sector as most people have probably heard by now. Boeing is leading the charge for a potential sixty billion. What I will call bailout? Bid that ostensibly Boeing is requesting for itself in its suppliers but as far as I can tell it would be money that would be going through Boeing as a clearinghouse Mainly for its commercial suppliers and we're going to more on that in a moment but there's that has to be determined because We only have the first of two chambers of Congress dealing with Bill Right now at its Senate and so far they can't they can't even get through the Senate in the two procedural vote. That have happened so far. So we'll we'll see what gets included in the end. In the meantime there is a there have been movements on a regulatory agency level of that the dod and that's the Department of Defense and Department of Homeland Security. Have an active where they're trying to help. Speed money to the aerospace and defense manufacturing sector through little Kind of unknown outside of the beltway but very important methods One of which is to try to raise What are called progress payment levels That contractors would be paid in the amount that they are build what that refers to is. let's say you make Doesn't F thirty five's and you send the bill over to the government you deliver them. The Government accepts them. You'd send the bill and the government says okay. Normally we would only pay you eighty percent of this bill up front because we WANNA make sure that these after work and we'll give you the other twenty percent leader. Well what's happened is the DOD has said were immediately raising that to ninety percent for the large companies and ninety five percent for smaller companies that get paid directly by DOD and so. That's just more money in the pockets of contractors. That's going to help a cushion. And he kind of liquidity crisis that may experience elsewhere in getting the funds needed to stay operating the other way that The government is trying to help. The manufacturing sector is by getting it declared and it has done so getting it declared any central part of the nation's critical infrastructure. And what that does is it formally provides guidance to state governors that when governor come along and they say hey we need to issue a shelter in place mandate so that people stay on their own and they certainly don't go to factories little on restaurants and things like that If however you work for a critical infrastructure like the electric grid or Potentially food processing or here now. The defense industry government still wants you to go. And so it's it's a it's a bit of policy making but it's important guidance coming on Washington office. That's good so With that said how is this likely to affect What's planned already for fiscal twenty twenty one Given you know this is kind of a crowded year already. There's a major presidential election underway. And we've got to get through on. Congres in Congress Legislation on all of these emergency bills at a at time when at least three members of Congress have corona virus. So how do you see that? Impacting this year schedule. And then beyond that into a feature years right so Just a couple of points of by way like a baseline The defense budget requests that was submitted for twenty twenty one in February for the Department of Defense Oh Five Oh if I may Speak in Arcane Parlin so But Jimmy accounts total seven hundred thirteen and a half billion dollars And then the end the out years associated with that request when he two three four and five Are for pretty slow too. You know depending on what you're talking about nominal dollars or constant dollars. It is either slow to even negative growth. Once you've taken in negative real growth once you've taken into account the effect of inflation such that we in my trade anyway are are are referring to the outlook for defense spending as flat Off Of the twenty twenty and frankly off of twenty twenty it even might be a little bit down Depending on how these supplementals turn out So even before corona virus captured the attention of The policy We were we. Were looking at an outlook for defense spending. That was flat. I think now with the advent of of the krona virus in the crisis that has created a in in all aspects health economic Difficult Policy That outlook is nominally. None Changed Right. The arm defense hasn't changed its budget requests out your program yet but politically and in our minds The minds of planners for these things I certainly think it has changed
Reset at Boeing
"Hello and welcome to this week's check six podcast. I'm Joanne. SOMO aviation weeks editor editor in chief. And this week we're talking. About all things Boeing joining us from. Washington is aviation week senior business editor. Michael Bruno who's here to talk about Boeings dismal earnings report and its first annual loss since nineteen ninety-seven due to the Max crisis and joining us from Los Angeles is senior. Your Guy Norris. Who's going to talk about Boeing's anime pullback and what its next move might be guy also has some good news to discuss? The first flight of Boeing triple all seven X so Michael. Let's talk with you. That earnings report yesterday was pretty ugly. It was in fact. It was the ugliest in a generation if a few assume a generation is about a twenty year long span People really hadn't seen this much reading from Boeing since one thousand nine hundred ninety seven and as you said in the setup this was the first annual loss that Boeing has reported since the time that President Clinton was in office and so people knew it was going to be bad. Nobody quite knew how bad. And we might get into this a little bit. But just some figures to to throw out to to show where Boeing actually came in at the end of twenty nine thousand nine hundred They reported a net loss of six hundred and thirty six million dollars dollars compared to earnings of ten billion dollars last year which were a record in and of themselves for the hundred three year old company company and then on the revenue side Boeing reported about seventy six billion dollars in revenue. which you might think is kind of amazing that all things is considered with the Max ebay companies still raked in seventy six billion dollars and that is kind of amazing but they were supposed to rake can about one hundred and ten billion that was their original forecast for last year? And it's certainly also below the one point something being billion that. They raked in the year before in regards to revenue. So there's no good way to look at it but analysts weren't surprised as I said Said but there were a couple of other things that they were surprised and we can get into that when we talk more about the Max okay and one of the things that also came out. Michael is that the potential attentional cost of the maximum. Boeing is up to eighteen billion dollars more than eighteen billion dollars so one of the big things everybody nobody was watching for yesterday during the teleconference with new CEO. Dave Calhoun was to figure out. Exactly how much more Boeing in was going to have to set aside to pay for the Max in many different ways and what I mean by that. Is We already know that Boeing up. Until until yesterday Boeing had set aside five point six billion dollars last year as part of a kitty of money a little treasury three of money that they had set aside that they said that's what it's going to be worth to compensate airlines and lessors and all of the customers of the Max so that was five point six billion originally. Yesterday they added two point six billion more to that at the same time as everybody might remember the way that at Boeing accounts for the seven three seven is through what's called in accounting block basis. This isn't a year in year out. Money spent money made kind kind of accounting. It's looking at the total development of the seven three seven through a large swath of aircraft. And in this case it's over a roughly three thousand one hundred aircraft accounting block and originally up until yesterday Boeing had said that they were going to add three point six billion dollars dollars in cost to that accounting basis. Well then yesterday morning they added another two point six billion and so already there. You know you've got five point. A two billion being added but wait there's more Boeing introduced a new charge that they said we'll be incurred starting starting this year and it could be worth up to about four billion dollars or at least four billion dollars initially. And that's what it's GONNA cost to pay for the Max halt the production halt. That's going on as well as any support to suppliers and any other costs that are incurred from the fact that production action. I got ramp down to forty two last year. Now has been halted altogether in January. So you put that all together and it comes out to at least eighteen billion dollars and that stuck out to me for one. Big reason which is eighteen billion dollars is probably on the high end of what people had thought might might have been the cost of developing the enemy. The new mid-size aircraft Boeing went ahead and spent that money. But they don't have a new aircraft. They're trying they get the Max back in the air.
Pentagon Awards $10 Billion Contract To Microsoft Over Front-Runner Amazon
"But let's begin with Microsoft shares opening at a new high on Monday after Microsoft was award eighteen billion dollar Pentagon contract for its cloud computing services now Jason and may shock you to know that there may be a political layer this Amazon's the market leader in cloud computing they already provide cloud services for the CIA and they are considering challenging the awarding of the contract citing president trump's interference in the bidding process now we will let the politics sort itself out but in terms of the business locations what does it mean for investor. Yeah I mean very good point there regarding the political nature this who knows we don't obviously but from a business perspective I think it's really important we talk a lot about cloud these days and aws has always been the I think that the number one Amazon right services us the number one company in the space for a number of reasons they are but you Microsoft clearly is doing very well in the space it's very they think to to know that it's not just cloud business and then that's it right there there there's nuance to each company's cloud business and what the you do what I mean by that we look at Amazon for example you look at Amazon's ten K. and they refer to aws Amazon web services as the segment which offers abroad head of global compute storage database and other service offerings now in two thousand eighteen aws recorded about twenty six billion dollars in sales now if you look at Microsoft Microsoft Commercial Cloud in two thousand eighteen actually recorded thirty eight billion dollars in sales so thirty eight billion is more than twenty six billion yen yet Amazon's the cloud leader right how can this be Mac if you look in in Microsoft's Ten k the way they define their commercial cloud is commercial revenue includes Microsoft Office three sixty five commercial Microsoft Azure or Azure however you prefer to pronounce getting we know it's Azure the commercial of linked in Microsoft Dynamics three sixty five other cloud property so my point being is when when Microsoft talks about cloud they're defining thing it a little bit more broadly and so that's why you see Microsoft with that thirty eight billion versus Obama San's twenty-six playing but really what we're talking about is this infrastructure as a service that's what Azure is Microsoft is I mean Amazon is really it's the building blocks of the cloud there in so while Amazon is the leader in that space with basically half market share fifty percent of that market share in it's about the same it's actually more than the next four players combine Microsoft is wrong number two player in the space and they're gaining market share so political motives aside I mean there is a business case to be made forgiving Microsoft this contract is is my ultimate points we shouldn't be surprised by this yeah Jason Cheer Point this is a rumored to be about ten billion dollar contracts when you think about the size of the businesses this is huge and with aws like you mentioned having about fifty percent of the market share in Azure being much further behind was sixteen percent according to partner this contract moves a lot of needles for these companies so I think Microsoft even though this is great for them but they were very clearly surprised hi this earlier this year they're the ones beating the table saying that a ten billion dollar contract was way too big just to give to one company in the DOJ should look into using multiple providers I think it's clear that they definitely were surprised by this news as well because even earlier this year they may be by making that comment felt kind of behind aws nothing a lot of people were surprised maybe it is I think most people think because of Amazon's experience in the space in the contracts they've locked up to this point it's probably the most sensible fit again I mean it is a matter of of what the services are needed for in in what you're ultimately trying to do with those services Microsoft cloud services they've placed a big assist on a and analytics it's not to say that Amazon doesn't have those capabilities but Microsoft has been investing more in that so perhaps this Djeddai contract is they're going to benefit more from the A. and the analytics and they felt like Microsoft was a better fit but at the end of the day again I mean I think it makes sense from a customer's perspective you look at Amazon and you okay they've got basically fifty percent market share but you also don't want to be signing up and putting all of your eggs essentially in that one basket I mean you get into that the point of failure risk there and if something happens to Amazon your entire cloud infrastructure he gets kind of flushed down the toilets you have to be very careful how you're picking this and in so being customers being very deliberate about how they choose their providers and then also diversifying as being a single provider I I think makes a lot of sense and emily Eh to your point I assume that Microsoft will no longer be complaining about the size of the ten billion and say
Drug Makers Consider $18 Billion Settlement in Opioid Crisis
"Drug companies are trying desperately to reach a settlement on thousands of opioid lawsuits that's because they'll be in federal court on Monday in Cleveland if they don't NPR has learned that the judge handling the case has already rejected one proposed deal that was valued at about eighteen billion dollars and the New York Times reported late yesterday that a new settlement proposal is now on the table it is worth as much as fifty billion Brian man with north country public radio covers opioid litigation for NPR good morning Brian I know so a lot up in the air here we're do things stand right now yeah we know the talks are intense there is this deadline looming because of Monday start of the trial judge Dan pollster who's running the show is keeping a very tight lid on these negotiations so none of the companies involved are confirming those dollar figures what they have said is that they want to deal big drug distributors like McKesson AmerisourceBergen and cardinal health and also drug makers like tavern and Johnson and Johnson they want some kind of global settlement it'll end this seemingly endless wave of opioid lawsuits more than twenty three hundred suits have been filed okay so they want to deal just to get out of this to get through this so far no deal yet not yet we heard from attorneys representing a lot of these local governments that are suing late last night they said no deal has happened yet one wrinkled no well is that the drug industry seems to want a lot of control over how settlement money would be spent what programs the dollars would find and they also won a lot of the payout to come in the form of medication addiction relief drugs and product that they would give not actual cash and a lot of these companies communities I should say say they need money they've spent billions of dollars on law enforcement and we have programs in foster care so they want money another big issue in these talks is whether or not firms will admit to any wrongdoing at the deal that we heard about last month with Purdue pharma they refused to have college any wrongdoing in the opioid epidemic and and that failure to admit responsibility has driven some states to reject the deal alright so while these talks are under way with tens of billions of dollars on the line what is happening with this trial so far it's still moving forward all the machinery of jury selection is going on that took place yesterday and will happen again today so the pressure gets more intense day by day to reach some kind of deal before those opening arguments happen at nine AM Monday I understand this is supposed to be a big test case no well I mean the trial if it goes forward would establish the full scope of the drug industry's liability for this epidemic and interestingly the judge overseeing the trial judge poster has said to openly he prefers a settlement he'd like for this to get resolved why why not why not go to trial well I think the big thing is for everyone involved a trial equals uncertainty and a lot of risk companies that made and distributed opioids have been losing in court Johnson and Johnson lost a big civil trial this summer in Oklahoma valued at hundreds of millions of dollars in back in may a jury found executives with insist therapeutics guilty on criminal charges so the liability could be massive if this jury in Cleveland fines against the industry and forces it to pay to clean up this opioid epidemic there's also just a lot of bad PR that could come from this so that's something these companies want to avoid all right Bryan man thanks so much thank you know well Brian man with north country public radio covers opioid litigation for NPR and he will be in
IBM stock falls on revenue miss
"IBM shares down more than four percent after the company reported third quarter revenue that missed Wall Street estimates we get more from Bloomberg surely palette the long awaited revenue infusion from red hat failed to compensate for continued declines in other parts of its business total revenue was eighteen billion dollars in the three months ending September thirtieth down three point nine percent from a year earlier analysts had forecast eighteen point two billion it marks the fifth consecutive quarter of shrinking sales at IBM all analysts have been looking for signs of red hat which was incorporated for the first time in those results would change the
An $18 Billion Proposal to Settle Opioid Litigation
"We're reporting that three big drug distributors are in talks to pay eighteen billion dollars to settle charges that they opt fuel the OPIOID epidemic the company's mckesson Amarah Spergon and cardinal health are still in negotiations but if a deal is finalized the settled that would be the first to achieve a broad resolution of the opioid lawsuits outside of bankruptcy Charlie Turner has been finding out more from Sarah Reynoso Sir what are the terms of the settlement as far as what you've been told yes so it's still a proposed deal at this point but the idea would be that the three big drug distributors would pay eight keenum billion dollars over a span of eighteen years to resolve all of this opioid litigation and this is just the latest development involving opioid litigation there have been more than two thousand lawsuits so far having their that's right yeah that's there's been tons of moving parts there has been trials underway another trial scheduled the distributors are much more financially solvent so bankruptcy isn't really on the table for them what exactly do these lawsuits seek does it volve compensating communities for the costs of the opioid crisis that's right yeah ultimately what the committees are looking for his money the opioid crisis and so things like the donation of drugs or other non monetary contributions that could help them treat opioid addiction are also welcome did stem further addiction bolster foster programs things like that that have been impacted by the OPIOID crisis and hundreds of thousands of people have died over the past one
Three drug distributors in talks to settle opioid litigation for $18 billion
"Now with more than two thousand lawsuits have been filed by almost every state and numerous local governments three major drug distributors are in talks to pay eighteen billion dollars to settle sweeping litigation blaming them for fueling the opioid crisis citing people familiar with the discussions the Wall Street journal identifies the three companies as AmerisourceBergen cardinal health and McKesson the report says they would collectively play eight eighteen billion dollars over eighteen years under the potential
Drug Makers Consider $18 Billion Settlement in Opioid Crisis
"Well some settlement talk in the opioid industry the Wall Street journal says that the three companies that dominate drug distribution in the United States are in talks to settle state and local lawsuits against them this would be an eighteen billion dollar settlement over eighteen years the companies are McKesson AmerisourceBergen and cardinal
"eighteen billion dollar" Discussed on News Radio 1190 KEX
"Proposed to pay eighteen billion dollars to people and entities for wild fires because my selectable equipment damage is estimated thirty billion Richard can't you ABC news and now que to weather brought to you by standard TV an appliance but mostly cloudy skies more showers to forecast again on Tuesday maybe even a chance of seeing some afternoon thunder showers every good news a little warmer daytime highs will be in the low seventies by Wednesday I person begins to return a possible civic with was pretty more sunshine drier and warmer conditions in daytime highs upper seventies and low eighties from the case to the storm tracker weather center I'm Dave Valesky after you wake up and before you go to bed get the news traffic and weather you need from a like so just say Alexa eleven ninety. to talk to George nori call the wildcard line is eight one eight five zero one four one zero nine the first time caller line is eight one eight five zero one four seven two one to talk tool free from east of the Rockies call eight hundred eight two five five zero three three from west of the Rockies toll free call eight hundred six one eight eight two five five to reach George via Skype user name George nine seven three one three cent George text message anytime at eight one eight two nine eight six five two one this is coast to coast AM with.
"eighteen billion dollar" Discussed on News Talk KOKC 1520
"Day cookout you'll buy plenty of food to be sure you don't run out but if the weather's bad maybe only eight or nine people show up and then the how on earth can you eat that much leftover potato salad sooner or later it spoils and gets thrown out the sad story of a lot of food get up to forty percent of the food supply in the United States goes to waste every year it's a huge number of the house all sorts of economic and social and environmental consequences this Jill and Burke in camp senior advocate for the natural resources defense council the economic impact of that food is going to waste is about two hundred and eighteen billion dollars with a very large number the second farms and restaurants and food companies grocery stores and particularly consumers and it has a lot of the environmental consequences as well because only late food we not only with the food itself but all of the environmental resources energy the water the pesticides the fourth packaging that were taken to produce that food in our DC has exhaustively evaluated U. S. food output and what we import they've come up with a detailed report on where it goes and how consumers restaurants distributors and everyone else could do a better job of cutting down the waste in the United States nearly all of the food that is produced but not consumed at a discarded premenopausal waste is either being landfills or incinerated and that's a big problem because our landfills are filling up and once the material like food and put into the landfill it generates releases methane which is a very powerful greenhouse gas overflowing landfills have long been a problem for big cities and one that people seem to connect with readily but broken camp says the methane part of the environmental impact is getting recognition now as well the greenhouse gas emissions associated with food waste dumps in the United States are equivalent to the mix of the thirty seven million vehicles each year if food waste globally were a country it will be the third largest emitter of greenhouse gas emissions after tried in the United States a mass of the food that we wait that's not all of agriculture production it stops the food produced that goes on even though it is an enormous issue from a climate change perspective it's also a major user of things like water about twenty percent of the water is used for agricultural United States is used to grow food we donate similarly there are a lot pesticides fertilizers other agricultural inputs that are utilizing the personally go to waste because the food it's also going to place there are a lot of ways that food is wasted and a lot of places where it happens but the number one source may not be what you think and I often hear people suggest that maybe grocery store the problem but the truth of it is in the United States is been estimated that about forty three percent of all the way flickers actually occurs in our home it's really about consumers with individuals in the family's growing out food we purchase and so you see a lot of reasons for that often we go to the grocery store we don't have a list we were hungry maybe were gazing an impulse purchases very large pack sizes can approach people to purchase more than they actually need we may not be thinking about how much cooking we're actually gonna do we get to the grocery store we come to the operational shoppers we want to make sure we get everything we need we want variety you want to buy healthy options but when we got home sometimes we end up going out for dinner at the cooking we just don't have the time that we anticipated so often we're purchasing or that we could use working camps as many of us are also confused about how we need to store foods to maximize their shelf life things may end up on the counter that belong in the refrigerator we often keep things in the fridge too long you don't eat them but could have put them at our freezer so that they're there and ready for what we needed very is another one that's an area where consumers can be helpful in the sense that if you put your milk bottle on the door of.
"eighteen billion dollar" Discussed on Bloomberg Radio New York
"Good morning from Hong Kong. I'm Bryan Curtis and in Singapore on Juliette saly. New trading week. Let's get the latest of what we can expect his limburg's, Doug krizner in New York dunk with a mild case of risk off right now in the opening moments of the Nikkei two twenty five down about three tenths of one percent among the big events this week. We have the meeting of President Trump, and she on the sidelines of the twenty some very tough words from the China side over the weekend. We'll tell you about that in a moment here on daybreak Asia in the foreign exchange. We're looking at the offshore Chinese currency strengthening against the dollar six spot. Eighty five eighty three. The dollar remaining bid on the back foot with the Bloomberg dollar spot index down about one tenth of one percent. Keeping a very close eye on crude oil, we know of US plans for more sanctions against Iran. We'll have the latest on that in a moment when we checked news with Ed Baxter, also word from Syria over the weekend. Five underwater pipelines were damaged and put. Offline because of sabotage attack right now, WTI fifty seven seventy five. We're up about six tenths of one percent in Seoul, the kospi had one tenth of one percent, but in Sydney, the ASX, two hundred down about one tenth of one percent, and the US ten year treasury now in the Tokyo session with a yield of two point zero six percent. We've got spot gold on that dollar weakness. Fourteen o six fifty an ounce Brian to you. All right. Douglas stuff with some EMMY actively big deal in the gaming industry. Sources saying that El Dorado is buying Caesars entertainment. We're hearing, it would be eighteen billion dollar transaction including Caesar's dead. More now from Bloomberg's Denise Pellegrini. The sources say this would value Caesar's close to thirteen dollars a share the stock closed at about ten on Friday as for the structure of the deal. One source says the combined entity will be split almost equally between shareholders of both companies Caesars has been under pressure from activist investor Carl Icahn to consider a sale that's as it struggled with debt. That's the legacy. Of two thousand eight leveraged buyout led by Apollo global management and PG, Denise pelligrini, Bloomberg daybreak Asia. Well, China's soon dot com planning to buy AC percents stake in conflict, China more from Bloomberg's Yvonne man, the seven hundred million dollar cash deal comes as careful rethinks exposure to China's economy, the.
"eighteen billion dollar" Discussed on Bloomberg Radio New York
"Idea of zero premium is also coming up again, and again with investors on both sides and the idea of seven billion dollars in synergies pretext synergies which Barrick claims that they can find. Yeah. And barracks giving a little bit more information on those synergies since there were a lot of questions raised about how big that number was in comparison to the deal, which is as initially laid out only eighteen billion dollar deal, and they're pointing to some of the tax savings that will accrue as part of this thing. But I also think it's interesting if you look at what both of them have been trying to accomplish they're trying to sort of meld to gold producers in a time of rising, gold, prices and Barrick, at least has been saying, you know, the history of this industry is that over pay when gold prices are high, and that's what they're trying to avoid this time around I guess to your point about the larger gold environment. A lot of the mid tier gold. Companies the smaller companies are going to be meeting in Toronto next week. It's like a month of conferences. There is expected to be a pretty big scramble for some of the smaller assets that could be unleashed from either of these big mergers. If they go through. Yeah. I mean, there's a substantial amount he saw call them small. I mean, these big multibillion dollar assets that may be in play as part of this deal. And obviously if the Goldcorp deal doesn't go forward, then they'll be talking about what happens next with that rather sizable company. Tina, thank you very much. You're welcome. That's what we're watching this week. In commodities in Toronto. I'm Daniel Boko of Bob. Thanks Danielle coming up on Bloomberg daybreak weekend. Retail earnings continue with target and Costco.
"eighteen billion dollar" Discussed on 860AM The Answer
"And we are back with yet another guest the sunday morning and that is fellow make you maclear the author of an interesting new play called the eighteen billion dollar prize now i'm sure that some of you listening remember a number of years back a lawsuit against chevron brought on behalf of amazon aborigines by the governments of the government of ecuador and at one point the gov the government of brazil and if you didn't know how that lawsuit finally came out then the eighteen billion dollar prize is where you're gonna get to the ending of that story and our guest today is film mcclair the man who wrote the play and he wrote the play from the transcript of a trial yes indeed it is serious stuff to watch and to listen and it's entertaining as well and the eighteen billion dollar prize was the outcome of a lawsuit i it was one against our friends at chevron and then we're going to tell you briefly about the socalled environmental movement and its handmaiden corrupt government as a way to extort major multinational corporations and film i thank you so much for taking the time to talk with us today and why don't you tell us a little about how you came to write the eighteen billion dollar price when did you become aware of this problem and then how did you write the play and what's your what's your intent.
"eighteen billion dollar" Discussed on 860AM The Answer
"And we are back with yet another guest this sunday morning and that is fella mickey maclear the author of an interesting new play called the eighteen billion dollar prize now i'm sure that some of you listening remember a number of years back a lawsuit against chevron brought on behalf of amazon aborigines by the governments of the government of ecuador and at one point the gov the government of brazil and if you didn't know how that lawsuit finally came out then the eighteen billion dollar prize is where you're going to get to the ending of that story and our guest today is film mcclair the man who wrote the play and he wrote the play from the transcript of a trial yes indeed it is serious stuff to watch and to listen and it's entertaining as well and the eighteen billion dollar prize was the outcome of a lawsuit i it was one against our friends at chevron and then we're going to tell you briefly about the socalled environmental movement and its handmaiden corrupt government as a way to extort major multinational corporations and film i thank you so much for taking the time to talk with us today and why don't you tell us a little about how you came to write the eighteen billion dollar price when did you become aware of this problem and then how did you write the play and what's your what's your intent.
"eighteen billion dollar" Discussed on Boss Files with Poppy Harlow
"We made almost eighteen billion dollars last year so that would have been a whole year's annual income and it was more than that for most of the years it we're talking about but but it was then behind us and actually that was the biggest hurdle once we were through that we really uh were able to set the ship right i thank you most people will say all you have is your word at the end of the day and if he if we backup you've just me or every but all i hope all you're only as good as your word all ramos and backing up a bit when when bv acquired fleetboston you personally promised lawmakers that you would protect the local jobs how did you know you could do that and how important was the bill will lead to do that to get to get it done and to gain trust well i think i had the trust of the lawmakers amid the trust going in i had a long history with most of them at that time also uh convenient probably but uh the head of the financial services uh uh in congress was barney frank in that were you would be your close jio yes and the head of the senate banking was chris dodd who else in the well both from new england both whom i knew both who i think felt that on my word was good and i felt the ceo can lewis me he was convinced that this is what it was going to take by the way uh to make the deal go through in he was a man of his word so i felt confident would happen but we did track it every month for three years now once we got to the financial crisis i did returned to them to say i don't know if we can sustain this this company is going to have to lay off people we're going to have to make some fairly um uh significant changes in order to succeed in the future and they accepted that too so they were not uh they were not oblivious to the obvious problems you have urged hat hat.
"eighteen billion dollar" Discussed on MSNBC Morning Joe
"To acknowledge that we don't need a solid concrete structure along at all of the two thousand mile border of the us mexico border and yet he continues to say the wall well they thought republicans and democrats that they made a breakthrough on that the other day in terms of getting the president to acknowledge as it didn't have to be contiguous wall uh but you see this tug from the right and you see the freedom caucus and other saying no you said eighteen billion dollar price tag on this big beautiful wall we want increased uh border security and then you have emboldened democrats on the left who are getting pressure from their their base who feel that they should have had a deal by the end of the year and that they want some of these things subtracted they want a see what's called a clean daca deal so that's kind of where we're left i believe that if government functions as it's a post two which is that we come together in the middle moderates in both the republican and democratic party there it's been a deal to be had all along but right now i don't know i guess i foresee some kind of a temporary spending bill and this potentially getting punted especially with this court ruling coming down now it may take some of the pressure off for an immediate deal so stories the yesterday that this still wasn't going to happen for because stephen miller doesn't want it to happen which reminds me of president van stopping things in the white house i i was just a little congressman but if anybody on my staff ever said told somebody this isn't going to happen because i'm not going to let it happen i would go up to them would say or you blanking blanking may because if you ever do that again i'm gonna fire you so fast like shut up and get out of the way let's work together you you're a staff member don't get in the way of the professional staff people in all the other eu.
"eighteen billion dollar" Discussed on WSB-AM
"Up rain inundating california today forcing thousands to evacuate their homes to escape the risk of mudslides here's chief meteorologist with abc ginger zee with rate is widespread san francisco had its wettest down record since 2014 wife by rain heavy at times flash flood warning over the whole thomas burns scar area so that's all just east of santa barbara they already reported quarter inch of rain info five minutes breaking news first immersed this is wsb 24hour continuing news president donald trump's gonna be focusing on immigration next hour and a bart bipartisan meeting at the white house with congressional leaders wc jimmy decrease says the democrats may not accept the demands of the president's attached to save dreamers from deportation including eighteen billion dollars for the border wall of this year highlevel talks have started between north and south korea the first between the nations in two years the discussions is about the discussion is about bringing the north korean athletes to the winter olympics but one underlying concern is the topic of north korea's nuclear weapons program president trump and said he welcomed these talks between the north and south about the olympic games but says kim jong un knows he is not messing around when it comes to in demanding the north halt its nuclear weapons program and the pressure will continue and that is abc news chief global affairs correspondent martha raddatz in seoul former presidential candidate mitt romney is treated for prostate cancer he is seventy years old aides say that he had surgery and the cancer has not spread his prognosis is good mitt romney may run for senate in utah now that orrin hatch is retiring well wsb consumer expert clark howard is in his element right now at the consumer electronics show in vegas he's excited about a few a fast new cell network clear on the edge of having cell phone service bidders so fast that when you enter something on your phone.
"eighteen billion dollar" Discussed on KDWN 720AM
"Be it's gonna be about immigration once again the president as asked for eighteen billion dollars so he can build 700 miles awal i think congress ought to give him the money and i think the answer to the question is will what do you do about daca what do you do about any other issues surrounding immigration well i think you get rid of chain migration number one he can everybody in their families i also think vetting needs to take place when appropriate i also think that as it relates to daca i don't think anything should happen till the wall is finished are they give builds make because we know what happens you're always promised spending cuts and then all you get instead as you get the tax increase upfront you never get the spending cut they never get to a because future congress has never fall through the same thing anytime you discuss anything involving immigration the actual building of the secure wall or so people can enter this country that don't have our best interests at heart number one my number one concern is always been and continues to be while of somebody can come across the border because they say they want a job or they wanted job and then other people come across the border because they want to blow up an american city of somebody to wants to job can crossover successfully so too can somebody that wants to commit some type of atrocity in this country and so too can those people that are bringing draw eggs into the united states it's a bad enough that we have opioid epidemics all over this country it's frightening every parent out there needs to be scared to death about the drugs that are on the streets today and the violence in some cities today now i'm not talking or including on intimidation but when i did go to the border a dozen times i did go into the drug warehouses where they have confiscated in a literally huge massive warehouses florida ceiling drugs that border patrol agents were able to confiscate over the years and they sit in this warehouse.
"eighteen billion dollar" Discussed on This Week with George Stephanopoulos
"No fault of their own send my host the democrats will i hope the democrats will come off their unreasonable negotiating position and be willing to compromise he saw their response this week it wasn't just senator sanders on the program business than a victory number two democrat in the senate his reaction to this request for eighteen billion dollars for the border wall for the other priorities you express right there is basically saying is a nonstarter not even close to a compromise at this point are we well we'll george as you rightly said those are democratic demands not as they are often portrayed that but republicans only make demand for its democrats negotiate and center durban dream act would cost twenty six billion dollars according to the congressional budget office so center durban should reconsider here's making unreasonable costly the man's if he's criticizing the president for requesting eighteen billion dollars to secure our southern border that creates such a huge magnet for illegal immigration and crime and drugs we can have a government shutdown at the end of january i don't expect to have one certainly don't want to have one but if the democrats want to shut down the government because they can't get amnesty for illegal emigrants then they're going to have to defend those actions to the american people they didn't do that last month and i suspect they didn't do it because they know that amnesty for illegal immigrants without any real reform is not popular and that it would be unhelpful to their cause let me ask you about north korea he saw that presence tweet this week on on the nuclear button senator an besser haley said that shouldn't be a concern it shows the president is forthright and strong in the north koreans are getting that message are you hopeful about these talks between the north koreans in the south koreans this week george my understanding is there's talks on tuesday or primarily about the upcoming south korean olympics i don't know if they'll go beyond that uh we'll see what the south koreans have to say when those talks are over but president trump statement didn't come out of the blue kim on is the one that raise the uh.
"eighteen billion dollar" Discussed on WJNT 1180 AM
"Uh no capital gains tax no income tax no let liberals love the estate tax but it overpay estate tax uh and my point is hey why don't we tax this stuff before it's put into these large foundations so these uh you know uh quote pull anthropic groups and then lower the capital gains tax lower their seats for everyone i mean do we really need uh this this it's worst soros need an eighteen billion dollar right off uh of his taxes for this money that he's a giving way and by the way it's going to be the same was okker minutes gonna be the same with jeff jeff days hosts it's gonna be the same with the coq brothers and so i mean left and right one last point larry i make us will love or stuff uh you know isn't really even true charity in philanthropy philanthropy give foundation which has i don't know 50 60 billion not million 60 billion dollars spent five hundred million dollars larry to build a castle office building you know with at one of those of us uh swish his office buildings the united states with tax deductible dollars and we we really have to start asking whether that's a legitimate uh you know tax rate off mr soros uh spent years i'm quoting your piece mr siruz spent years moving into his open society foundation we'll nabbed tax what is the open society said well just think about every left wing caused in america do it all right so but you have is you noted you've got the coq brothers on the right and some whereas around navy mark zuckerberg and bill gates and and warren buffett so that's.
"eighteen billion dollar" Discussed on Bloomberg Radio New York
"Hundred fifty million listeners eighteen billion dollars in advertising revenue a year so either which still critical way that people discover music in particular so what of the questions i guess about this industry and about me seeking giving the shifts that we've seen in download this just how well do they pay their artists and the rise of the music because it's a challenge for other aspects of the music industry and it's kind of coming to radio to having asia this is a legendary manager of the and he got his start in the early 70s with the eagles and all those great the secret songwriters of that era and has always been one of the tough eyes negotiating wise in in a very difficult business is now tackling radio because he sees their format as being really outdated the the compensation for artists was really hashed out in their 30s and 40s and hasn't changed at all since then and and that's been his big push lately so what is that push specifically well he's got a group of artists as you know some of the biggest names that the business of bruce springsteen drake pharrell williams the who bon jovi and he saying look these this is a lot apart a big part of what you radio stations play this is where your generating or advertising and instead of the four percent were collecting for songwriters we want a lot more maybe as much as 25 percent not to be changed she sees a huge advertising industries while and we made that point to yours at eighteen billion dollar industry clearly the radio stations are going to be like this is a shock to go from four percent to something like 25 percent i guess they would argue would be crippling and that's the reason why the sitting back for anticompetitive behaviour is that right that is correct this committee that represents all the majority of the radio stations and the country's suday's us from poverty and and he's countersued and it's going on for quite a while back and forth neither side seems willing deal well and let's so into this all of the.
"eighteen billion dollar" Discussed on Bloomberg Radio New York
"Prime minister arbi's landslide election victory now the yen on the other hand weakened against the dollar by about two tenths of one percent the yen remains a little weaker now one thirteen forty seven all although futures on the nikkei pointing to a down session for the japanese equity market also seeing a bit of weakness in futures on the sx 200 let's go to sydney bringing bloomberg's paul allen for the latest on what's happening not only in sydney but i guess new zealand's back in session after a holiday yesterday right yeah that's where the incident looking kind of flat of the moment just off six points is a big day for new zealand the incoming prime minister justin to a term will name her cabinet aground robertson almost certainly youth to become the finance minister but here in australia the futures offer just a little a 10th of 1 percent that is about five points the alsi dullah hovering just above seventy eight since this is after the oil price slip just a little too sixty two dollars a tonne all right thanks to bloomberg's paul allen in sydney at the white house today boeing and singapore airlines announcing a deal this is worth the nearly fourteen billion dollars and it involves a thirty nine widebodied passenger aircraft us 10year treasury last quoted in new york at a yield of two point three six percent rush ascend things over to you thank you and more on that singapore and the united states a trade because we got the talking trade today as well as a talking that major trade deal it's all been unanswered backed is cover global news in a luebeck tonight sixty suffers is good loser berisha's ride prime minister lee he says the us needs to understand overall the macro picture the trade balances are us has consistently run a substantial trade surplus with singapore loss stood at eighteen billion dollars in other words the america exported forty three billion dollars of goods and services figure on on a per capita basis we must be one of the highest buying american customers in the world numbertwo volume for sure asia partner president trump i want to thank the singaporean people for their faith in the american engineering and the american workers and our american workers deliver the best product by far.
"eighteen billion dollar" Discussed on Super Station 101
"Which a move like that would only be because something bad is about happened this going to calls the stocks to fall which it did a shooting at a country music concert that nobody should have known about at least according to what we know but the reason i bring up george soros is because i saw this story about how he has in this is a big deal you also pay attention from your phone sleep unanticipated george soros has taken eighteen billion dollars billion with a b y'all one person took eighteen billion dollars and he he has transferred it to his foundation which means he has turned and foundation which was very wealthy to begin with into an instant giant now we know george so soros's an old guy he's probably not far from kick in the buck that his hometown of hungary in czar ready banned him from there there's a lot of places that hate them a lot of people across the world the hate him because they know who this guy is people were starting up on him and starting to figure it out but i tell you what this is coming from the wall street journal and let me just give you some of this real quick just so you can get get a grasp of what he's done here he's built and they talk about how he's built the world's largest fortunes through a famous series trades he is done all these things to to create money out of thin air some would say he turns over eighteen billion to open society foundations according to the foul nation officials which is a move that transforms the plant their p he founded into the investment firm that's actually supplying its wealth so now holding the bulk of george soros his fortune open society has vaulted to the top ranks of these type organizations appearing to become the second largest in the us by assets after the bill and melinda gates foundation based on two thousand fourteen figure from the the national trust so soros fund managed man llcs eighty seven year old founder now shares influence over the firm's strategy with an investment committee up open society mr store else set up the committee and its chairman.
"eighteen billion dollar" Discussed on WAAM Talk 1600
"The things you can do with eighteen billion dollars and much more foundation also successfully influenced global migration policies of the guy just talked about that deny yeah i i think i did according to a one internal open societies foundation memo which said europe's refugee crisis last year provided new opportunities for the organization to exert its influence well when they say exert it's influence what they mean is destroy western civilization bring about a global communist society don't forget the george soros was championing still does uh chinese capitalism is the new wave is the that that should be emulated to all over the world state capitalism and what is stake capitalism your time is up it's a central planning by a dictatorial regime that says uh here's what's going to happen to here's what's not going to happen that's it and when the progressives get their way don't forget whenever they say here's what's going to happen when you say a ain't going along with it you get shot to the back of the head or stuck into a gas chamber something that's what they do that's how they work and if that's two grizzly then you don't want to deal with truth you're not capable you can't handle this jack nicholson so you can handle the truth yeah bill clinton the george soros uh are speaking during a two thousand fifteen oh that's yet this is referencing a picture on this piece that did not pronounce the us are open societies foundations provided funding for black lives matter movement and openborder activists now when they see open border if a sir talking about criminals what help people sneak cross us border is there some type of prosecution it could be going on now you're damn straight there is isn't happening nope the foundation is also provided funding for the anti trump resistance groups that would be the riders in the streets also funded opposition groups on critics of radical islam and attempted influence us supreme court rulings so i take it the george sources working against the us as an enemy of the us has anybody charged with such interesting dry soros foundation is now second largest foot philanthropic traffic organization in the us according to wall street journal behind only bill and melinda gates foundation we may want to look in the some of the.
"eighteen billion dollar" Discussed on WAAM Talk 1600
"Be in the archive tomorrow and i would urge you to get over to breitbart and surf that story out now here's another one let this comes down off of a daily caller dot com seven indian peter hassen i don't know who that is but other posted the soros that would be george soros james bond villain george soros blow feld transfers eighteen billion dollars to his open society foundation sweet a must be nice to have that kind of dough just transferred over here transferred over give some dettori science carries in her crazy foundation give some to the ford foundation keep that communist revolution brennan hot and then the red zone george leftwing financier george soros james bond villain george soros transferred eighteen billion dollars tres open society foundation the network of nonprofits soares uses to advance his leftwing ideology both in the us and around the world why is this not being investigated when you see so you could make a case you'd have to be aggressive your you'd have to want to make a case you'd have to be aggressive because you're gonna get you're going to get told by the left that wall hang on that's not fair we wanna hurt the left we don't wanna work with the left we wanna hurt that we want them screaming not like they're in the streets now but we want them screaming want them crying uh that's unfair we want if we want to bomblike babies were them in the fetal position with the wind knocked out of a metre we want so why why are we not going after george soros investigating every single dollar he spent on every single occasion anywhere in the us debec possibly we'd find out he's backing up people being bused into asserted to throw molotov cocktails and rocks at the police isn't that we should be using the justice department four and by the way tangent so leap how can the fbi isn't so far in industry cargo that they're screamin' for mercy and arresting every waking moment some thug on the street where the fire why isn't that the case just lost a math teacher in chicago walk came out of a building not just a innocently gain gunfire stray a bullet boom that teachers debt now what would you scream good guns off the streets no i'd screen get hip hop alas rafter thug gang members of the.