35 Burst results for "Financial Times"
ByteDance Says It Won. Trump Says Not So Fast. TikTok Continues For Now.
"Okay, here's what I can tell you. You can still use tiktok as of this moment president trump since we last spoke said he approved Oracle's bid for the US. Operations of tiktok quote in concept, and so essentially the US delayed the planned tick tock band by about a week as Oracle Walmart looked to take a twenty percent stake in Tiktok globals planned pre IPO round as well as of course, the deals to host talks us user data and computer systems quoting Bloomberg I approve the deal and concept trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville north. Carolina if they get. It done. That's great. If they don't, that's okay too and quote the new company which will be called tiktok global has agreed to funnel five billion dollars in new tax dollars to the US and set up a new education fund which trump said would satisfy his demand that the government receive a payment from the deal quote they're going to be setting up a very large fund. He said that's their contribution that I've been asking for an quote Oracle plans to take a twelve point, five percent stake in the new tiktok level. While Walmart said, it has tentatively agreed to by seven point, five percent of the entity. Walmart's. Officer Doug Macmillan will serve on tiktok global's board of directors. The retailer said in a statement for of the five board seats will be filled by Americans according to the statement tic TACs. Owner Bite dance is seeking evaluation of sixty billion dollars for the APP, according to a person familiar with the matter Oracle and Walmart would pay a combined twelve billion dollars for their stakes. If they agreed to that asking price, the final valuation has not been set as the party's worked out the equity structure and measures data security. The person said terms are still in flux and the proposed valuation could still change and quote. Yet more about that flex in a second but more about that five billion dollar payment to the government. The president mentioned I. Guess That's the key money by another name that he was asking for all along except that seems to have come as news to at least most of the parties involved Oracle later confirmed it to a degree but quoting Dan primack on twitter. More about tiktok quote Payments Number One the Education Fund is not to fun trump's patriotic history project number two, the five billion dollar figure is not codified anywhere and no one expects it to be anywhere near that big number three, the five billion dollars to the Treasury is anticipated payroll taxes over an unspecified period. Of Time, there will be an education focused effort using tick tock short video format distribution tool, but there is no dollar amount tied to it with trump seeming to inflate the payroll tax figure with the Education Fund remember Tick Tock doesn't have five billion dollars at least not until its IPO wants to complete within twelve months and quote. So. Again has this all been Kabuki theatre make the president think he's getting his key money. Give a politically connected firm, a sweetheart deal, and even if the five billion dollars is really not going to be five billion dollars again, we have the president of the government forcing the investment of private property, giving it to favourite entity and essentially asking for a kickback exactly. What happens in Banana Republics Super? Oh and about that whole thing being inflex bite dance. This morning was asserting that it is maintaining majority ownership and control over tick tock global and will not transfer any source code or technology to Oracle or Walmart so essentially waving a flag saying they won. Quoting the Financial Times bite that set on money that it would maintain majority ownership and control of tiktok global contradicting statements by Donald trump oracle, and Walmart after it agreed a deal with the companies to continue operating in the US Oracle, the US technology group, and Walmart, the world's biggest bricks and mortar retailer said in a joint statement at the weekend that Tiktok level would be majority owned by American investors and quote however while they're state combined with the equity held by. Long standing US investors by dance might mean, American investors would be the biggest financial beneficiaries, direct majority ownership and control of the business is set to remain with the Chinese company in a statement released on January tat chow by dances Chinese social media platform. The company said tiktok global would be a quote one, hundred percent fully owned subsidiary. The company added that after raising funds ahead of a potential initial public offering, it would have an eighty percent stake in the company and quote. So maybe that wasn't a good thing to go spouting off about because this either means now the deal is really off. Because the Chinese side really doesn't want it or else the deal is off because the president isn't going to be pleased about that more in just one second or else everyone is just GonNa declare victory and. Meaningful has actually changed my money's on that but hard to tell at this point because to conclude. About thirty minutes ago. President trump. said, he would not approve a tick tock deal bite dance ceded control, and well I don't know.
SEC to examine Nikola over short seller's fraud allegations
"We start with some breaking news on Nikola shares they are down in the after hours that follows a big update Bloomberg reporting that the Securities and Exchange Commission will examine Nikola over the short showing fraud allegations stock down seven and a half percent right now guide Your response to that news. Again it probably Brian. Thanks for being here. Again, I can't speak, and I said this last week try to be a little clearer. Now, I can't obviously speak to the veracity of the short soul report accusations of fraud I have no idea what I did say last week, and what I'll stand behind is despite how the GM investment is structured whether they are actually investing money for the deal is structured fact that GM is somehow it linked. Their wagon to Nikola and if these accusations proved to be correct I, think the really deleterious thing could happen in shares of GM based solely on that not because it's just two billion dollars but the in my opinion, the potential for an exponential move based on that and based on the fact that maybe GM potentially didn't do the homework that are the people did that would be my primary concern right now as I look at this entire situation. and Tim to be clear on the story and I know we're GONNA. We're trying to fill up here. Any moment is that you don't Trevor Milton said the other day we're going to basically work with the SEC I wanna be clear according to the Bloomberg report. That's not what this is. This appears that the SEC is now poking into Nikola baby on not on the side of the short seller. But certainly from that angle, this is not some cozy deal between the two going after Hindenburg. No I think ultimately, the the SEC is going to do what they feel is just based upon both again allegations of fraud and actual fraud and investigating what was represented to investors I mean there's there's whether the technology is what it is and guys brought up some important elements of this that I don't I don't think we can know based upon even even if we read that entire report again, this needs to be validated or invalidated. The fact that the company has come out today and said, well, you know we said that it was. That the company was was was was excuse me that the truck was moving as opposed to it was actually individually propelled by our own engine etc I mean you know there's some some really frankly. that. BET semantic hair that's trying to be split here I think is is crazy I mean that doesn't sound good that certainly doesn't sound like something you'd rest. Well, we weren't really you know indicating that we were. We were on our own individual propulsion. So I think you know that doesn't read well. I to me GM the the issue was did this validate some of their fuel cell technology and some of their overall engineering prowess and did the deal makes some sense when you consider that unlike others Nikola was going with an asset light strategy and seeking to at least tap into engineering and we? Capacity that all makes sense. The fact that Jim got this for free was going to be paid seven hundred million dollars for access to some of their technology. I don't think this is necessarily harmful to GM. If this all turn to be a disaster for Nikola I think the fact of the matter is GM is pointing out that they have been in this space for a long time and I, think there's a lot there. Well it Dan Listen. That's the Tim. Actually hit on the one thing in the rebuttal that stuck out to me as well which is yeah. The truck may not have run on its own, but all the parts Kinda worked on their own but together didn't really matter because we're going to pivot to something else. Anyway there's a lot of pivoting going on Nikola and I wonder if investors should just pivot away from the stock because they don't know how this is going to end up. Well I think that's the main point. We just don't know we talked about this on Thursday. The stock was trading about thirty, eight hundred already had a big down day on the day before after that report came out my comment was okay. Well, there was two opportunities, the vet this story and I was a bit Glib about and so I said, you know there probably isn't fraud here. I had a very prominent short seller hit me after the fact on tax and say be careful here this is well documented and devastating I spent some time reading it the rebuttal there was really nothing there from Mykola and I think that's a pretty interesting. Story I'll just make one point and one of the reasons why I made that comment on Thursday I've been in this business for twenty five years. You know if you WANNA create some sort of scheme to rip people off of lots of money doing it in the public eye in front of know financial TV investors who are very well incentivized a sniff it out, and then no shortage of regulatory bodies. It's just not the best place to do it. So that's my first reaction often but who knows here, this seems like a really creepy situation and you know when you don't understand something you just avoid. Yeah, I think that's well setting care and I want to reiterate the news in case audience is just joining us here that the according to Bloomberg is now going to investigate at least sort of at a top level. The allegations of fraud against Nikola made by the short seller doesn't mean they're going to find anything and if they find anything, it may not. Be Serious and it could have some sort of an easy resolution as well. Just because the SEC goes poking around companies doesn't mean there's a negative outcome and I think that's very important to be said but on forget Nikola Karen is there any reason ever invest in the stock of a company where the even sniffing around? Maybe it does create some weird opportunity. Well I guess I point to Tesla the SEC. Sniffing around when they the statements about you know financing secured when when musk wanted to take private for four hundred and twenty dollars a share I guess that would have been one scenario but I agree with the guys on the panel that this particularly this issue of it was whether it was self propelled. We never said it was certainly one could reasonably assume that investors looking at that would think. That trump is going on its own. It just makes you think. All right. What else are they do? They have out there in the market that you know what are they sort of presenting that might not be actually as it appears this is a black eye for GM I'm GonNa Guess that maybe this deal falls apart I think GM I think is one of the guys said they didn't actually up any money it was the putting resources into advancing their. Ev Platform. But this this is a black guy for them. It's bad for them and I'm going to guess that this deal falls apart. We'll very quickly Karen and want to come back to number one on the propulsion sort of issue. Well, let's not forget the Financial Times. Did it's reporting a few days ago that they said they talked to a cameraman who said trump just basically rolled down the hill I think probably all of us that our worst moments of roll down a few hills once in a while after you too many. Let's move aside for that Karen. You think that if this comes out as a worst case scenario could GM's CEO Mary Barra lose her job. That I don't know I, mean imagine it. I. Would think the board probably not delighted by this It it it kind of I mean, maybe they did do their due diligence. Maybe they did know all of the points that were in that extensive short report, which I only read a little bit of to be to be fair did not read the entire thing and that they went through every single thing seemed okay. That's a bit of a stretch for me to believe. So I think the stock had rallied on that on the deal so it would be reasonable to You know I'm going to sell some stock I think. This is a black guy for them and for her and I think she's fantastic but. she is. Go out on religion meeting her and interviewing her and Mary Barra is is a class act all around guy but GM shares are moving on this news not a lot but they are down about one and a half percent and listen Y- again, and there's a lot of if and maybe you don't want to go too much down that rabbit hole you. So adroitly said very much of the top there but it is a difficult situation for GM and its investors when literally a couple of working days after you announce a big deal, basically one full week, you got the SEC poking around the company that you just kind of. GOT INTO THE BOARDROOM WITH Yeah I mean it's concerning again we I and we're all trying to be really careful here because obviously you know none of us know where the trews are and where they're not. But again, I want to emphasize if there's any truth whatsoever. In. Knows Ninety pages of that short sell report I think it's really believe it or not I think it's more of a negative for GM potentially that it is for nickel I know that sounds ridiculous but people will say how could you possibly got into whatever agreement it is whether it's a Deal whether it's just a collaboration thing whatever it is how do you partner up with a potentially something that isn't what they said it is to me that's a really scary notion and I think that's sort of the tail risk that GM is facing right now and obviously you know we're not wishing for this. I think we're just trying to point out what could happen and that sort of our jobs here.
Brexit: What happens now
"At the beginning of two, thousand and twenty it was widely assumed the years news agenda in the UK would be dominated by the rancorous torturous divisive and tedious subject of Brexit. Those were the days happily for those of us who had grown weirdly nostalgic for it. What one thing another brexit is. Self. Evidently back in the headlines as the UK's final departure looms on December thirty first British ministers. Now, apparently plan to try rewriting the EU withdrawal agreement, they agreed last year you may recall this being presented at the time as the ticket to the sunlit our plans and so forth. Well, joining me with more on. This is the political journalist and author Terry Stephanie. Terry, as far as it's possible to boil it down. What is the big idea here? It's Boiling down I suppose the big idea is that a Britain the UK is. Having, more talks with the e this week. At the same time, there's what's called the UK Internal Market Bill, which is going to go before parliament this week. Now that parliament is back and it's due to be published, and we're told that this bill might according to the first reports of this in the Financial Times, eliminate the legal force of parts of the withdrawal agreement I-. Overriding the treaty that has been signed and ratified by everybody a regarding what's going to happen to do with Northern Ireland and its future relationship, and this is being greeted with a fair deal of horror because it seems to suggest that before any deal is donald before no deal happens Britain may actually go back on something that everybody has already signed an agreed to. The difficulty here a difficulty here as I understand it is that you want sowing the treaty you can't really on sign it can you? Know you can't. The reaction to this again, this is this is something that might happen. I suppose. One of the questions is whether this is all part of the UK government talking its own book ahead of future, Negotiations Boris. Johnson saying that we must have definitely have an agreement by the fifteenth of October and being innocent blustering and talking about prospering mightily in the future. But yeah. An international treaty is international law and the European Commission, is being quite calmly so far in a on the surface at least saying. I trust that Britain will continue to abide by this and we trust that they will implement the withdrawal agreement. Michelle Bonnier saying that everything that has been signed must be respected but yes, international law. That was signed into law by this parliament after the election certainly still stands what you're alluding to. There is a statement made in the last hour. So by US Levonne, delay in the president of the EU Commission very thinly veiled faint subtext of irritation. Do you get the sense that the UK's government might be overestimating the degree to which the EU is still terrifically interested in any of this? I think you know they the usual has to be interested in it. I think. It's possibly a there ever estimating the degree to which the EU doesn't see these tactics coming because there has been quite a lot of talk over the last week about the likelihood of their being a no deal agreement and. British negotiators really saying you know we'll be we'll be fine with the no deal. Don't worry about this. You know we we can. We'll. We'll go ahead and do this and I think there's an element of Brussels sitting back and looking at it and saying, okay, you go. Ahead you go. Do what you want to do. It's. It's sort of slightly reminds me of apparent with a recalcitrant trial and we trust the to do the right thing and you know we understand that you really want to do the right thing. Don't you and just letting them in a slightly letting them walking towards towards. Well on the subject of the UK doing the right thing eventually over we are, of course, fast running out of eventually to recap those dates December thirty. First, the UK's transition period is over October. Fifteenth is when Boris Johnson says a deal needs to be done by if you just think about this, not so much as an analyst. e you affairs but just thinking about it as a British political journalist doesn't not strike you that the likelihood is if you judge the career in character of Boris Johnson that he will at the last minute take whatever's the easiest way out and claim a great triumph because that's pretty much what he's always done. Yes I. Mean Boris Johnson has always been as we know particularly even his decisions on which side to support in the referendum he's looked at both the options had a back pocket version of both things, and then done something at the last minute I mean he? No, he's he's a journalist by training. This is how we work. He come come up to do things at the last minute. The difficulty is there are lots of things that can't be done at the last minute not least signing a huge international agreement, not least getting UK borders ready for the for the transition, getting all the customs officials that you need Also the economic impact of this. There have been statements from retailers recently saying that you do realize that if there's no deal agreement, we will have tariffs that will effectively increase the price of food and You know. We don't know what state the economy is going to be in coming out of Cova, but we can imagine that it's not going to be very good and one of the questions is despite Boris Johnson's talk about Britain prospering mightily, how much more of a shock can the UK economy standard? It's those kind of questions not least as well. The relationship with Northern Ireland with the rest of Ireland the relationship with Scotland the keep coming back to bite people and people keep warning about it but on the other hand, the government sort. Of trying to appeal to its own backbenchers I suppose, and also saying look we can. We'll be able to do more in terms of government investment state aid without the telling us what to do, and we will be able to make our own rules as they keep saying and government ministers today suggesting that that could be a price worth paying just on the subject they're finally of the actual practical preparations. This is what strikes me. It'd be interested in in your view on this might actually end up governing what the government ends up deciding because. This was raised last week, and we talked about this on the program by associations of holy is in freight companies just basically making the point that the account be no deal brexit because the infrastructure and the personnel and all the other stuff necessary to deal with it simply does not exist and sure as heck isn't going to be conjured into being in the next two and a half months. No? I mean I was in Kent last week where people were talking about this, there's a site that local people had expected was going to be used for an Amazon Amazon warehouse that they now think is likely to be used for a customs checkpost and there's there's not really anything there the state and yes, you know people saying that training the customs officials let alone the the software, the hardware whatever else you need in place is going to take more time than we have. But you know things have been cobbled together. If you look at how we respond to the coronavirus crisis in the last few months, and perhaps there's an expectation that these kinds of things can somehow be becomes it up but it's not going to be easy and come January. We may see the downside of that terrorist. Asked me. Thanks as
CDC to states: Ready vaccine distribution for November
"For Disease Control and Prevention They sent a letter to state governors last week. In the letter. Words to the effect of be ready to distribute a corona virus vaccine by November the first, Okay? He did raise some concern among public health officials. About a vaccine being approved because of political considerations that have the election, which is just two days later. Letter from the CDC director Robert Redfield urges states to expedite applications for distribution facilities including waving requirements that would prevent them from being ready by November, 1st. CDC also sent planning documents to some health departments that urge taking steps to prepare, such as figuring out which groups would get vaccines first and who would the minute of the minister of shots. Documents also included possible timelines, one of which said limited doses could be available by early November. The final and most important stage. A vaccine testing in human trials is still only about halfway through it Best for the two vaccine candidates that begin Phase three Associated Press today, citing several experts. I'm saying it doesn't seem possible. There'd be enough data from this final stage by the first of November about whether they're safe and effective. FDA Administration Commissioner Steven on who we've talked to on this show, told the Financial Times earlier this week that he's open to issuing emergency use authorization for a vaccine before human trials end. If quote the benefit outweighs the risk. So still, the FDA is all about safety, and we've got to make sure that whatever vaccines are given our effective and safe and you can understand Given the fact that there are so many people in this country that are still just scared to be out and around the other people scared about catching the Corona virus and what that might mean to them. Those people tend to be people with co morbidity is other health issues. That the covert 19 seems to exacerbate and complicated, So it is going to be fascinating, but we're literally talking about two months time. So whether they can get that done, don't know. But the CDC is urging governors to be ready to distribute. If it comes
FDA says outside pressure won't influence COVID-19 vaccine approval
"Race continues to make a vaccine in the fight against the Corona virus, FDA head Stephen Han Has made it clear now that his agency will handle outside pressure to approve a vaccine before it's ready. We will make that decision on Lee on the basis of science and data. We will not make that decision on the basis of politics. Asked by CBS News if he would resign if he's pressured to make a decision he doesn't agree with, he says. I think all options are on the table with respect. I hope we won't be in that position. But what I can tell you is we'll be making our decision with science and data. In an interview with the Financial Times, Han says he'd be open to fast tracking approval of a covert 19 vaccine before Phase three clinical trials are done by passing the normal approval process. FINANCIAL TIMES Washington Correspondent Karen Stacy spoke with hot Stephen Han is the man who is going to decide whether or not to approve a Corona virus vaccine in the next few months. Now he's under a lot of pressure from both sides. President Trump would obviously like an approval. His reelection chances. Others, however, worried such a short time scale would not be say Alan, while editor in chief of Health Affairs tells us Once there's a safe and effective vaccine. We have to make a lot of it distributed to the right people and make sure folks are willing to take it.
UK set for record-breaking economic growth in third quarter
"A new average of forecast by city of London. Economists suggests that GDP is set to rise 14.3% in the third quarter of right now. Reversing 55% of the decline the 20% decline in output in the second quarter. The prediction GDP growth for the three months to September 30th would be a record, of course. With economist forecasting forecast showing that UK likely to move from the bottom of the G seven performance table in the second quarter to the top in the third. That's all we're celebrating, Joe, but now the hesitation The trajectory of the economy after this bounds is much more difficult to predict, with a lot of depend a lot, depending on this spread of covert 19 the quantum of social distancing measures and whether consumers rein in their spending amid rising unemployment and a possible second Wave of infection. These factors air heavily interlinked, added the economist. I agree with all that, Joe, but that sounds very much like morale boosting. I mean, if if they're London has a bad morale in the fourth quarter. It's going to be a gloomy Christmas. And if people are feeling stronger about themselves, that's the that's the imponderable Joe, which is why I depend upon New Year in London. We're going to talk about life in London next, but in general Is there A Is there a sense that things are Possibly better in future that you get in London or people on our waiting as the as the financial Times suggests that they they need more numbers. Well, I mean, I think everyone wants to be is optimistic as you possibly can. No one likes a thought that you could have massive unemployment would continue for a long time on the people will be worse or for a prolonged period as a result of these lockdowns, But I think that the difficulty When you're trying to interpret some of these big upward swings and GDP that people are starting to talk about in the next couple quarters is when you are coming from a position where you didn't have any economy at all, which is essentially the Stasis they were in. When lockdowns were in effect. As soon as you allow yourself to have some economy. Of course, you're going to get a very big part in GDP growth, but I think that you clearly there's still a big adjustment process is going to have to go. You go alone. People figure out what does the new normal look like? Are we going to end up at a new normal very much resembles the old normal. We're going to discover that you need to downsize a lot of your restaurant industry. There are a lot of hospitality or tourism. What are the economic effects of that? I think that you really have to You hope for the best but also prepare for the likelihood that it's going to be a very difficult transition your worth in the UK and around the rest of
Facebook accounts required for new Oculus users starting in October, existing users by 2023
"The Financial Times reports oracle might be interested in acquiring tiktok business in the US, Canada Australia and New Zealand and has held preliminary talks with tiktok parent company Bike Dance. Already the US president issued an executive order. Last Friday ordering dance to sell US business within ninety days. NETFLIX's confirm to the verge that it's been testing a shuffled button on the service since July the exact appearance of the feature has not been finalized with some users seeing a shuffle play button on the profile selection screen and other seeing play something
Moderna pitches virus vaccine at about $50-$60 per course
"Making headlines. Madonna. Is, reportedly, planning to price its corona virus vaccine at fifty to sixty dollars per course. That's at least eleven dollars more than another vaccine proposed vaccine from Pfizer and buying tech. The Financial Times reports price would apply to the US and other high income countries, but that the final price has yet to be determined.
Before You Invest, Do This by Derick Van Ness
"Before you invest do this by Derek. Van Ness of big life financial dot com. I don't need to tell you that you're constantly being bombarded by advertisers. Each of them is trying to get you to believe their product service or cause is worthy of your hard earned pennies as they try to influence you. Many advertisers strategically attack your mind's natural tendencies. They tell you that you need to look a certain way. Take particular action or join a particular group in order to be happier and more successful. Most of us, know these images and false promises our garbage, but it doesn't mean that we aren't susceptible to the ideas. Advertisers are putting in our heads I. could talk all day about the false ideas that are being pushed in the media, and how they are making people less happy and more frustrated, but that's a topic for a different day in a different post, however I believe that one of the most harmful ideas being perpetuated in the marketplace today that you need to invest as much of your money as possible, and you need to do it as soon as possible, or you are missing out. Of course the advertisers motivation is for you to invest with them, so they can get paid in have access to your money to make even more prophets for themselves, so they're message serves their interests, but is it truly in your best interest? The short answer is no. Investing has its place, but it should not be the first thing you do when you begin earning money. This is especially important for people who are newly out of school and developing their financial habits. So, what should you do, I? You need to learn to systematically save money because if you can't ever save any money, how will you ever be able to do any meaningful investing? I know that isn't as sexy thing to say, but it is absolutely essential. Having money in a savings account will actually be worth more to you than any other investment you make. How is that possible? It's because having money saved works for you in many unseen ways, and here are three of the most important. One having money saved, gives you peace of mind and confidence. Both of these allow you to sleep better at night. Be a better spouse, parent or friend, and be powerful in your career or business. Your state of mind is your number one asset, because when you are confident and abundant, you are far more effective than when you are operating out of a fearful or scarcity mindset, the importance of mindset cannot be overstated. It is often the difference between a successful business or marriage, and a failed business or divorce caused by financial stress, financial peace and confidence is. Definitely vital. To money in your account helps you save on interest. Savings helps you to avoid taking loans all together, but also allows you to get better interest rates on the loans you do take whether it's having money for a down payment on your car or showing the bank that you have money saved. When you get a mortgage. Having money set aside will help you save on unnecessarily high loan rates. Three most importantly, your savings account will allow you to minimize losses incurred in Difficult Financial Times and maximize your opportunities when they come along. If you have money invested, but no savings, he may be forced to cash out of your investments at the wrong time leading to surrender fees or losses because you needed the money for an emergency. Conversely, a strong savings account will allow you to jump on the right opportunities when they present themselves, note saving money into a 401k or IRA does not have these advantages accessing so-called qualified money can be difficult and almost always comes with penalties or fees. So stopped to consider how much you'll potentially miss out on by having your money tied up until you are fifty nine and a half years old I've seen many people unable to start their own business or capitalize on a great opportunity because they couldn't access their money through the years I've worked with enough people to know that most of us get a few curveballs in life and a few key homerun opportunities being in the financial position to deal with the curve balls without losing everything and the ability. Ability to take advantage of those homerun opportunities can often be the difference between living prosperously and barely getting by so before you rush into investing your money, take the necessary time to build a financial foundation I
Self-driving industry takes to the highway after robotaxi failure
"Today. The Financial Times has an interesting piece up. That's getting at something. That I've sort of been saying all along about Anamika vehicles? If you can already give me autonomy on the highway. Why not just give that to me now? I mean we have heard some of the reasons why companies like Waymo decided they needed to go all the way to level five autonomy, but according to the Financial Times some in the self-driving industry are now gravitating towards. Only autonomy as the whole dream of the go anywhere fleet of autonomous taxis continues to be a dream deferred. Quoting the These sector is experiencing autonomous. Disillusionment says Prescott Watson. Principal at many mobility and early stage venture capital firm now quote the pitches robot taxes are a pipe dream, but let's take this technology and do something more lucrative he adds. Investors are still interested in autonomy, but the focus has shifted towards practical services such as grocery delivery, automated warehouse, robots and autonomous functions restricted to highways, the concept of highway, only autonomy is currently capturing the attention of the industry, instead of trying to solve the myriad challenges of go anywhere rogue taxis engineers could focus on making it work on just highways to begin with autonomous vehicle. Start Up, C. Promise in America's trucking sector and eight hundred billion dollar market handicapped by driver shortages and rules that are limiting working shifts to eleven hours Mackenzie. The consultancy has projected that full autonomy will not be commercially ready trucks until two, thousand, twenty seven, but the likes of two simple plus that. Kodiak robotics and embark went to accelerate that timeline by narrowing their focus too monotonous stretches of road. One idea is to build transfer hubs near the highway in which a truck driver would carry free a few miles to the hub than swapped the freight to an autonomous truck that would drive hours on the highway to the next hub where another driver would be waiting the other big area for highway. Only autonomy is for passenger cars just a few years ago, this idea made little economic sense in two thousand fourteen. The cost of laser powered sensors known as lighter which most experts see as critical of for developing autonomous vehicles were seventy five thousand dollars apiece self-driving. self-driving prototypes were often equipped with several of them, placing them well beyond the reach of even luxury buyers, but have since collapsed with some light are group's including Valentine. Eva and aluminum are partnering with Carmakers to build units at scale for less than a thousand dollars. Each Alex Partner's consultantcy estimates that a fully autonomous hardware stack comprising lighter cameras, sensors, radar and electronics will cost as little as seven thousand dollars by two thousand, twenty five, that opens the possibility that individual car owners could soon purchase vehicles that would drive themselves. Tesla has long promised full autonomy in two thousand twenty, and among legacy carmakers Volvo has said it plans to offer is off hands off. For Highways by twenty twenty two pending approval from regulators. If we can solve the highway problem, which is quite narrow versus robot taxis, we can create tremendous user value says Henrik Green, Volvos Technology chief and.
Kim Kardashian West sells stake in beauty brand for $200M
"According to Monday report by the Financial Times Kim Kardashian. West just snagged a big deal for her beauty brand earlier this month, Global Beatty Company cody disclosed it was in talks with Kim over potential collaboration for the beatty line is now being reported that cody has agreed to actually buy a twenty percent stake in the reality. TV Stars Makeup Brand Katie W. for two hundred million dollars. The deal now values West Cosmetic, company at one billion. And basically cody said Monday that expects the acquisition to be completed third quarter, and that all the products will be sold through luxury beauty retailers as well as online. The partnership comes just a few months after cody locked in a six hundred million dollar deal with Kim Kardashian, little sister Kylie Jenner also with TMZ Kim said quote. This relationship Allama, focus on the creative elements that I'm so passionate about or benefiting from the incredible resources of cody and launching my products around the world.
As Grocery Deliveries Soar, Startup Raises $10 Million to Unseat Giant Instacart
"As a result of COVID, nineteen instinct cart has become the Goliath of grocery delivery businesses as virus fears. Keep us out of grocery stores. We've been relying on food delivery mainly, INSTA- carts GIG workers called shoppers to keep a stocked up. This April INSTA- cart sales were five times greater than a year ago the Financial Times reported that I've popping growth hardly escaped. Investors Notice INSTA-. Cart raised another two hundred twenty five million dollars earlier this month that evaluation, approaching fourteen billion dollars. That's nearly double its valuation only eighteen months ago, perhaps needless to say instant carts thirty-three-year-old. A poor va mater is now a billionaire. But less you jump to the conclusion that Mehta can sit back and relax safe in his seat at the top of this rapidly growing industry. Thank again. A small startup called Ling is coming rich share of the grocery delivery business, though tiny compared to Insta- card investors are also taking notice last week dumpling raise six point five million dollars for a total of ten million dollars in funding so far founded in two thousand seventeen dumpling helps people create independent delivery businesses, the difference between shopping for instance card and dumpling is simple, but fundamental dumpling delivery workers own their own businesses Insta- cart workers are subcontractors paid by the shopping trip. Dumplings Co CEO's Joel. Shapiro Innate Danna make no bones about what motivated them to create dumpling. They felt sharing economy companies like Insta- card were treating workers on fairly so they created an APP that helps perspective entrepreneurs go into business for themselves to create a new business users pay a ten dollar fee for access to dumplings services and listing on the company's site where customers can search for shoppers. Bhai Zip Code. Shoppers paid dumpling a five dollar fee for each job or when they get busy enough switched to a monthly payment of thirty nine dollars. Dumplings model is not unlike Amazon's two year old partner delivery service, which also helps people start their own businesses in their case exclusively delivering Amazon packages supporters of the independent model say self employment in the delivery industry offers a number of advantages including higher revenue and insulation from the anti-god worker legislation that's cropping up all over the country so far fueled in part by the pandemic. The models seems to be working dumplings. Founders say customers or ordering twenty times more groceries than they were before in nineteen, and the company says it has helped. Two thousand people start their own delivery companies people. People like Kelly Vilchez in Orange County California. Vilchez operates under the business name shop girl. Oh, see. She told the L. A. Times that she's earning three to five thousand dollars a month. She's clearly a dumpling success story. According to the shop girl OC facebook page villages is featured in dumplings advertising campaign in contrast Insta- card has been plagued by shopper complaints since the onset of the coronavirus in March and April, many walked off the job, demanding better protection against Covid, nineteen higher tips and sick leave the Winston card initially claimed the strikes made no impact. Courts reporter Michelle Chang Rights. That's debatable on June. Fifteenth the Seattle. City Council voted unanimously to require that. GIG were companies like Insta- card and Grub pay their workers an extra two dollars and fifty cents hazard pay per order. That requirement is intended to last through the end of the COVID nineteen civil emergency declared by Seattle's mayor. Insecure has vowed a legal fight. Similar legislation is pending in Philadelphia New York and San Francisco Chang writes. It is these sorts of ills shortages of personal protective equipment, low pay and lack of sickly. The dumpling claimed self employment solves, but entrepreneurship isn't easy dumpling delivery workers have to do their own marketing and find their own customers, and they're on the hook. If grocery buyers failed to pay, which dumpling says is rare, that said any platform that helps the millions of unemployed grow their own wealth. Is appealing to investors, and it's interesting to note that dumplings mission says nothing specifically about the grocery business rather they say. We WanNA. Make dumpling trusted partner that helps anyone launched running grow their own service based business. Sure dumpling starting groceries. Be Questions. Where will they go next?
Free Yourself From Conflict
"Thanks for joining today's Webinar, an optimal outcomes are host. Today is the founder and CEO. Alignment Strategies Group the near based consulting firm that advises CEOS in their executive teams on how to optimize organizational health and growth. She's the author of optimal outcomes for yourself from conflict at work at home in life, which was selected as the Financial Times Book of the month Jennifer is A. A keynote speaker at fortune, five hundred companies public institutions in innovative fast-growing startups, where she inspires audiences of all kinds including those Google Harvard in tax, and in her popular course at university, a former counter-terrorism research fellow with the US Department of Homeland Security, she is a graduate of Tufts. University and holds a PhD in social organizational psychology from Columbia. Please welcome Dr Jennifer Goldman wetzlar. These are trying times that we're in. We are in the midst right now. Two months into the global pandemic. Of Corona virus and we're facing a big tough global problem. The likes of which most of us have never seen in our lifetimes. I've spent my career studying and working with incredibly tough problems, none on this scale, but tough problems nonetheless. Typically the tougher the problem, the more likely it is to capture my interest, and the more likely I am to be helpful. This has been true for me since I was A. So I didn't want to solve just one or two sides of the Rubik's Cube I wanted to solve all six sides while Hula hooping. and. That's why today we're going to be talking about a tough problem of type of problem conflict. That comes back. No matter how many times you people have tried to resolve it. Will be talking about recurring conflicts. And what to do when your efforts to resolve those conflicts fail. So in a minute I'm going to be asking you to think of a conflict situation. You know about that. You can apply your situation well, so you can apply these practices to that situation. But I. WanNa give you an introduction to this work. In Nineteen, seventy, three one of my mentors, Dr Morton Deutsch widely considered father of conflict resolution, wrote a book called the resolution of conflict and in it he detailed research that he and his colleagues had done, which basically showed that conflict lead to more conflict and cooperation leads to more cooperation. When I learned that all I can think was well if that's true, how do we get out of this conflict loop? And how do we get on to the cooperation loop? Well I've now spent the last thirteen years trying to answer those questions and the answers are in the book that I've written optimal outcomes that we're talking about today. My research began with a fellowship from the US Department of Homeland Security in two thousand and two, and since then in my role as CEO and founder of Alignment Strategies Group I've worked with. Leaders. All kinds of different organizations from innovative fast-growing startups to Fortune five hundred companies to academic institutions to global nonprofits. And what I've done is helped them by using the optimal outcomes method to address the most challenging situations that they have faced. And I'd like to bring some of that work here for you today, so I'll be talking about a specific clans situation throughout today's Webinar. But I also want this presentation to be highly relevant to you so I'd like to take a moment now to ask you to think of a situation that you know about. It could be one from your own life, or it could be one that you're helping other people with, or it could be one that you know about simply from watching the news. And I'd like to ask you to answer two questions. What who first of all you're thinking about a conflict situation, but it may be one that you don't even necessarily think about as quote unquote conflict. It may be something that simply recurs over and over again. No matter how many times you or other people have tried to resolve, it could be the daily fight with your spouse about the dishes in the sink, or it could be how to track down that colleague. That's always been hard to reach a now that you're working remotely is even more difficult to find. Get the answers that you meet, or it could be about politics and elections in presidential elections, and how to have conversations about those without getting caught in a cycle of frustration with friends and colleagues and family.
Dem New Mexico governor reportedly violated coronavirus order, kept business open so she could buy jewelry
"New Mexico's democratic governor who ordered strict virus measures was caught violating them to buy some jewelry yeah this is Michelle Grisham caught violating the social distancing command that she gave her constituents to follow in order to stop the spread of coronavirus it what I'm was there she told new Mexicans they need to stay at home in early April when she ordered nonessential businesses the clothes we're really in tough Financial Times is stated mir is the incredible personal sacrifices that happen every day every single day because people have limited their ability to work telecommunication commuting and many people in fact have lost their jobs well according to K. are a Q. E. she herself broke the rules in order to purchase jewelry to store that otherwise should be enclosed so they spoke to an employee from a jewelry store saying that governor Grisham call them the by the jury and sent over a staffer to pick it up despite the fact that the store had been closed under the order spokesman for the governor offered an alternative explanation says the governor did call an employee saying they had a longstanding personal relationship the important employee came here got the jewelry and took it home left outside their home and then someone came and picked it
Facebook Helps Entrepreneurs Move Their Shops Online -- for Free
"From wondering. I'm David Brown. And this is business wars daily on this Monday. May Twenty Fifth Happy Memorial Day last week. Facebook made a big announcement for small business. Owners entrepreneurs will soon be able to create virtual storefronts on facebook and instagram using a new feature called facebook shops. The idea facebook. Ceo Sheryl Sandberg says is to help all small businesses but especially the struggling ones according to a recent survey conducted by facebook and the Small Business Roundtable one third of all small businesses in the US have already closed their doors. Another eleven percent say they will fail. Should the economy remain mostly closed for much longer giving continuing social distancing and stay at home orders? Transitioning to online sales may be the only path forward for most smaller companies in its livestream announcement facebook. Ceo Mark Zuckerberg said. We're seeing a lot of small businesses get online for the first time but moving online and especially to mobile friendly. Commerce isn't always easy. The process can be expensive and complicated but facebook. Says it wants to help entrepreneurs solve those problems therefore setting up a new storefront on shops will be free and Sandberg claims. It's easy to. She says it'll only take minutes. The new storefronts are intended to allow merchants. Not just to show their wares but to conduct transactions as well a business owner who is linked. Her existing website to facebook shop will be able to take payment on her website. Alternatively she'll be able to check out customers right on facebook or instagram for a small fee to help users. Simplify what can be complicated back in mechanics. Facebook is partnering with Shop Afyon and other ECOMMERCE engines shop which is based in Canada as well known as the merchant platform for millions of small online businesses behind the scenes. The story that facebook is telling that it's here to help is not surprisingly more nuanced. The new shops feature represents facebook wholehearted foray into commerce with brick and mortar stores restaurants closed online sales of sword and facebook. Once in Zuckerberg told the Financial Times at facebook shops had already been under development. The company sped up its launch to take advantage of the spike in online shopping observers. Say The new feature pits facebook against Amazon and ebay based books partnership with shop of. I should help as we reported right here just a couple of months ago shop. If is aggressively competing with Amazon last year at began investing five billion dollars. Over five years to build a nationwide fulfillment network VAT network is intended to help. American merchants offered two day shipping all over the country. You know just like Amazon and that could be an answer to one problem savvy. Merchants will ask about selling directly from facebook and INSTAGRAM. Who'LL SHIT MY products? Facebook won't but shop if I and other logistics partners will Voila problem solved but let's not forget another albeit smaller. Ecommerce rival Oetzi. The company has made it easy for Solo artists and small companies to build online stores from their bedrooms and Kitchens Oetzi. Share price is up ninety percent this year. According to The Wall Street Journal and REVENUES IN THE FIRST QUARTER. Were double what they were three years ago. The paper reported at sees Growth Spike. Especially during the lockdowns has made one thing extremely clear. Just how many millions of soloists are interested in and capable of starting successful businesses online even if facebook is late to this war for online customers. The company has one significant weapon that Amazon Ebay. Oetzi don't have two point six billion monthly users. It's intuitive to see how shops owners will be able to leverage their facebook and instagram followers to boost sales on shops. According to the verge shops will be found on facebook pages or instagram profiles. Dunkelberg says merchants will also be able to let customers. Virtually try on products like sunglasses and makeup by using reality tools. According to the Wall Street Journal so facebook is giving shops away for free. How will it make money while the answer is simple? Advertising Sheryl Sandberg Toll Madman Jim Cramer that one hundred sixty million small business owners already used facebook's free business tools eight million of them already purchased. Facebook ADS Zuckerberg assumes that if facebook shops owners find the storefronts valuable. They'll want to bid more to buy facebook ads according to NPR. That's where the quote real money will come from. According to the Motley fool too many facebook shops is
"financial times" Discussed on KOMO
"Financial Times first year Cougars football coach Nick Rolovich still hasn't held an in person practice with these players he was real time to concentrate on getting to know who our guys are and let them figure out who we are as people and you know I think it's been productive I'm just excited to get on the field when we came meantime WSU president Kirk Schulz planning to hold classes at the Pullman campus this fall university of Washington athletic director Jennifer Cohen will outline worst and best case financial scenarios at this week's U. dub regents meeting and starting Saturday the state of Arizona will allow pro sports leagues to resume practices and play games once they're ready sports updates at ten forty after the hour bill Schwartz come on news after years of struggle and success Seattle's bike sharing program may be finished here's come about Markovic in a storage lot in west Seattle hundreds of jump bikes sit idle taken off city streets after uber jumps parent company invested in hand over control of its bikes to align its former competitor now doesn't exist suddenly kind without warning after nearly four years of yellow verses read verses green versus orange some irritated with so many bikes clogging the sidewalks cell right now has no bike shares but only temporary says Lyme it takes a little bit of time to integrate jumps hardware into our systems and that's why we don't see any bikes on the street right now one pulled its green bikes last year when a rider started preferring the red jump bikes the Reds will return says Lyme but with the caviar the city Seattle does not have to spend a dollar to make bikeshare work as long as bank shares pared researcher scooter share is where the money is world wide lime says for bikes to work in Seattle it must allow for scooters in less they're paired it's.
Gates Foundation will commit 'total attention' to coronavirus pandemic
"The Financial Times reports billionaire Bill Gates is foundation will focus all of its resources on fighting the corona virus the philanthropist and founder of Microsoft said that the bill and Melinda gates foundation with an endowment exceeding forty billion dollars will give a total attention to the
"financial times" Discussed on KSFO-AM
"Of the study's findings were inconclusive now Financial Times reported that around does a very did not improve covert nineteen patients conditions or reduce the viruses present in the blood stream in a clinical trial in China Hannah Cutler is it with the Financial Times and she explained that the reports so this is interesting because it was actually accidentally published by the World Health Organization on that clinical trials database online and it was a summary of the results of the trial which was that it didn't have any effect on the patients and it didn't happen to act on that condition or on that but I will let that's been confirmed that that was true by the World Health Organization by Kelly yeah but the question is really all what is the details let it down from the trial tell us intensive maybe there was some subset of patients that did benefit and also you know is there any more information and they will give us when they finally published on the pay review but there was one thing that's been thrown around town since this came out that to to down play perhaps whether we should be extrapolating too much from this trial which was that that one enough people in Israel that there were no control functions can you tell us more about that and I'm I'm whether we should be discounting and I think it's all from this she was a control arm and the study and in fact this was the first randomized control trial for the drug which is why people watching for it one thing to bear in mind is that it didn't actually finish one of the difficulties of during trials in these situations is that if they do do they started this trial in China when I actually that was a lot of corona virus patients at all too many coronavirus patients now so they didn't actually finish enrolling at so that's worth bearing in mind one study is always one study there are huge studies going on by the WHO's by the national institutes of health in the U. S. looking around as a bad because there is a lot of time for it and that's also many many studies looking at some of the other drugs that could help courtesy of CNBC U. S. health officials say producing a vaccine that will take at least twelve to eighteen months of course that makes the race to find a treatment crucial meanwhile the center for disease control and prevention is recommending that the operators of a South Dakota meat packing plant where hundreds of workers it contacted Doug contracted covert nineteen implement strict social distancing and find ways to overcome language barriers the CDC releasing a memo Thursday that specifically addresses the situation at Smithfield foods in Sioux falls but that also may give an indication of the broader recommendations the agency is working on for meat processing plants nationwide as more continue to get hit here is South Dakota governor Christie gnome explaining the process.
Why We Didn't Prepare For The Pandemic
"Again and again the world was warned that it was not ready for a pandemic warned by the World Health Organization in the World Bank and a big study last year warned by research scholars and in Long magazine articles warned even by Bill Gates in a famous Ted. Talk in two thousand fifteen if anything kills over ten million people in the next few decades. It's most likely to be a highly infectious virus rather than a war. Also there have been numerous close calls. In the last couple of decades when epidemics in some parts of the world looked like they might become global. Pandemics SARS Moore's Ebola and yet even as corona virus started spreading across the globe earlier this year people and governments throughout the world were unprepared. There wasn't enough protective equipment. They were slow to produce enough tests for the virus. The took too long to implement social distancing. A big part of the problem. Is that when it comes to preparing for a global disaster like this one we? Humans are fighting an uphill battle against a powerful force. Our own brains. The mind is full of psychological biopsies. That can lead us not to take seriously enough. These warnings of impending doom economists Harford recently chronicled. Some of these biopsies in an article for the Financial Times magazine and Tim says for example that people seem to have what's called a normalcy bias. Normalcy bias is sometimes called negative panic. It's just this idea that when things are falling apart all around you. There's a total disaster. People very often don't seem to realize how bad things are often surprisingly calm even when actually they should be taking very prompt action in a pandemic the number of infected people grows exponentially so fast that it can be hard to understand how it's spreading at the rate it is but normalcy bias might prevent us from seeing just how bad things are getting until we are overwhelmed by the problem and this doesn't just apply to global pandemics and it's not new. Tim says for evidence of normalcy bias. You can even go all the way back to the eruption of Mount Vesuvius in the year. Eighty seventy nine. When people in the town of Pompeii watch the eruption for hours instead of evacuating the city? Up until the moment that they were buried under its ash clouds. So that is normalcy bias. There's also something called optimism bias. Which is the tendency to think that even if a disaster is to you know everyone around me I myself won't be affected so I don't need to take precautions. For example a study of what people expected as hurricane. Sandy was coming in to hit the coast to New Jersey. People actually expected that it would be worse than the meteorologists did but they thought that they themselves would be fine. They didn't really need to worry. So that's optimism bias and there's also the herd instinct which Tim says just reflect that we are all very social creatures. We take our cues from what other people do. So even as a pandemic is gathering momentum. Well if everyone else is acting like they're not worried we don't get worried. We don't start wearing masks. We don't start avoiding crowds. We don't get ready to work from home. Yeah there was just this general sense of there's a pandemic has a is this corona virus thing. It seems pretty bad. It looks pretty bad in Italy. Maybe I should do something. Maybe I should do something men. But nobody's really do and then there's not moment way like Oh and he'd get toilet paper and get food needs to get mosques and he's telling shares it's too late. Everyone's doing the same thing at the same time. It's the herd instinct and Tim reminds us that government leaders and people who work at the agencies that are in charge of preparing the world for a pandemic also have these same biases so even they might be slow to act until it's too late so these psychological biopsies can help explain why the world did not start preparing itself weeks or months earlier than it did. Once Corona virus started spreading within China which is where it originated but the biopsies do not fully explain why so many countries throughout the world ignored the warnings of the past and did not have a better plan in place for the next pandemic even before corona virus started in a big reason actually has to do with the ways we make economic decisions
100,000 Disney theme park, hotel workers furloughed
"All right according to the Financial Times Disney will start to follow around one hundred thousand workers this week its theme parks and hotels closed more than a month ago all furloughed employees will still receive healthcare benefits Florida governor Ron de Santis says his state is working on a proposal to automatically enroll Disney workers for unemployment
"financial times" Discussed on KQED Radio
"Is the U. S. editor at large at the Financial Times thanks for joining us thank you you're listening to the weekly broadcasts of world affairs is produced in partnership with T. two D. I'm Philip young we just heard from Gillian Tett she's the U. S. editor at large at the Financial Times now we examine with David rode with the deep state is real and how that fear has shaped the trump administration's response to covert nineteen back to Marcus clock it's since the beginning of his presidency Donald Trump and his supporters have blamed rogue elements in the FBI the CIA and the state department for undermining his policy agenda and credibility I think it was a disgraceful that the intelligence agencies allowed any information that turned out to be so false and fake from the Ukraine scandal to the impeachment trial and now more recently to his handling of the outbreak of cove in nineteen over the past few weeks our fellow citizens have learned a lot about the so called experts they claim there is a deep state a clandestine network of individual career civil servants who are running the country from behind closed doors but does this deep state really exist and that skepticism of government experts slow president trump's response to the coronavirus David road is a two time Pulitzer Prize winning journalist his new book is in deep the FBI the CIA and the truth about America's deep state.
"financial times" Discussed on Progressive Talk 1350 AM
"Financial Times a different customer within the Palestinian territories enters their address and select Israel is the country they can get free shipping through the same promotion Massachusetts police are investigating a recent graffiti spree that left the historic landmark Plymouth rock vandalized the rock commemorates the sixteen twenty arrival of the Mayflower carrying pilgrims to North America Plymouth town manager Melissa read she said they're saddened and sickened by the recent vandalism February is American heart month a time dedicated to raising awareness of heart disease the nation's leading cause of death more from a lease is the doctor Rita Koran with Michigan's Beaumont hospital says the racing midsection obesity by cutting back on carbs and sweets will go a long way toward maintaining a healthy heart so that we stay as far away from pre diabetes and diabetes is possible because out of all the risk factors for heart disease diabetes I believe is most challenging as the one that's most aggressive Dr Doron says it's important for us to know our numbers and know our health risks the best way to do this she says is to see the doctor for regular check ups leases the NBC news radio a Florida man seems to have an odd way of showing love for his wife for valentines day fear as Jim coach he named a great white shark after his wife Colleen Kochi first spotted the shark on a dive last week off Palm Beach county and after he was notified by researchers that the shark didn't have a name he was allowed to name it coach he wrote on Facebook that he named the shark after his loving wife because she's his best friend and greatest dive buddy ever Brian shook and be seen news radio.
"financial times" Discussed on KNST AM 790
"And restrictions do apply we have from the great state of Louisiana not agree not as great as Texas but still pretty great we have senator John Kennedy joining us now hello senator how are you Sir no I and I am well and only K. U. checks you mention Texas Texas is right next door to Louisiana yeah we love Texas Texas is five and a half times bigger than we are but Luciana stamina at times more interesting well let's not start anything here let's just leads we wanna part friends the senator you are you were being lambasted in the press now as a conspiracy theorist and let me let me start with this question can these two statements be true Russia tried to cause chaos by trying to hack into our election systems spread disinformation online by taking extreme positions on both sides and hack to the DNC computer that statement over one can it can it also be true that the Ukrainians were convinced that Hillary Clinton would be better for their country they were involved in gathering evidence against Donald Trump and is Serra gets to assist Hillary Clinton win in collusion with the D. N. C. members of the state department our embassies and of the anti corruption bureau in Ukraine are those two statements true yes and and you you stated in the proposition very eloquently I was asked the man on the show several impact was it Russia or Ukraine who tried to influence the U. S. selection and I said both the mace and what's your basis for saying you crying and last referred them to articles op ed pieces and long investigate the Tory articles and politico in the Financial Times in the hill in the Washington examiner on CBS news in the economist Bloomberg news and New York times for example the headline in politico January two thousand seventeen quote Ukraine efforts to sabotage trump back far the Financial Times August of two thousand sixteen the headline was quote Ukraine's leaders campaign against shop called what our third this is an op ed piece written in the hill by the Ukrainian ambassador to the United States this is the headline to his op ed piece the Ukrainian ambassador not the ill quote shops trump's comments send the wrong message to the world and I could go on now did you crane are trying to influence our election in as sophisticated a manner as Russia no Russia is the master Russia is a third world country but it has a great spa has great cyber skills a nuclear weapon in but the two are not mutually exclusive and I mean just from the reporting I don't believe these are all reputable are members of the media there are yours aren't don't let them print alas I wish me and I don't like it's fake news so senator may I may I direct you to Glenn Beck dot com where we have laid this all out and I'm not using other people's reporting I have the direct evidence in their own words from state department documents from DNC documents we have payments we have videotape of them admitting to this we have the court documents out of Ukraine we have the official documents and it is so out Regis that the press is saying that these are conspiracy theories etcetera etcetera the you know what reporters can span reporters can do whatever they want documents do not lie and the documents outline all of it and it's all in their own words when you look at cherub mellow who is possibly the whistle blower his fingers are all over all of that this is why Donald Trump blew a hole in a wall and he was a hand grenade hand he and Rudy Giuliani went off and they blew a hole in the wall that exposed all of this stuff that was going behind the scenes in Ukraine and our former administration Clinton and the state department and members of our intelligence community were all involved and we have the documents the question is will the Senate actually take this on or are we just going to you know to defend against trump and not expose the exact corruption that I think is poison to the Republic fair question gland should answer is I don't know I'm I'm I'm labor I'm not management the Senate I'm not a committee chair I will tell you that I'm as you alluded to I've gotten a lot of push back from my democratic friends about my statement that both you Russia and Ukraine tried to influence the election I think they're worried some hal buried meaning that Ukraine tried to influence our election which some time somehow hurt their impeachment proceedings against the president I don't understand that I mean I think most fair minded people recognize that the Ukrainian government in the past not the people with the government under president trump Poro Shinko and president unique of the H. the government or and more organically and historically corrupt and I think that's been been been well documented it has been and we exploited when I say we the Democratic Party and the former administration exploited that corruption and it is it is vital that that is exposed if it is not the state department is going to know from here on to the end of time they run the show and they can do whatever they want it also will institutionalize the kinds of things that the Democratic Party was doing in Ukraine to try to thwart our election look if Donald Trump well would've been found as coordinating or in collusion with the Russians I would have been for impeachment on him but he wasn't they didn't find that evidence but that evidence is available in documents in court documents to people work were a were the tried and convicted in Ukrainian court two people for interfering in our election to try to help Hillary Clinton win if we don't get a handle on this our elections and the the this whole the whole system is in question I don't care who goes to jail I want a fair election system what you are correct there was a federal District Court and kia in December of two thousand and eighteen which wound that US senior Ukrainian officials did metal did try to influence the presidential election in the United States and here's the headline from the article when the Bloomberg news reporting it quote Ukrainian officials metal in two thousand and sixteen election by leaking secret mana for ledger court says in one yes now I didn't make this up in in fact number news is only reporting what a Ukrainian Courtney at now my democratic friends say doctor hill who testified in president trump's impeachment proceedings in the house says this is all Russian propaganda and my response to that is well first I don't think politico in the Financial Times and the L. magazine in the Washington examiner and Bloomberg managed all our agents for Latimer here's a thought I don't believe that and secondly doctor hill is certainly entitled to her opinion I'm just saying I don't believe these articles by reputable members of the media by reputable reporters I don't think they're fake message and you know their lawyers are going to let them print alas no that much senator I a I a I know you have to run we have to let you go but I I wish you all the best and I pray literally every night for spines to be found in Congress and in the Senate because what you are talking about is is institutionalized and metastasized and it must be cut out it is a cancer to our system and I am I am hoping that this is when it gets to the Senate we actually have a trial about the truth and we call these people to to answer for the lies that we have seen now in this impeachment hearing I am a very what person told me yesterday in a phone call call and he told us a keep telling the truth he said the leaders are he said people don't follow leaders may follow courage and that meant a lot to me and I think it's.
"financial times" Discussed on Digiday Podcast
"Onto the upset. The financial times has long chart readers for access to its content. This was a full novel concept. It is not novel any longer as many publishers, pivoting debate the F T is farther along in this journey it recently reached one million subscribers. I'm Brian Lorcy, and this is the digital podcast on this week's episode. I visit John on the very day, the F T moved back to its historic headquarters in London. And we discussed the F T journey to this one million subscribers. What is in the cards for the media industry, overall and his pivot paid, and much more? Jodoin welcome to the podcast. It's good to be here. This is a special day. It's a very special the other than being on the digital podcast. That just makes it any of that more special, especially this is my first day in Brechin house, which is the new old F T headquarters in. It's indeed where I started my career with financial times that he won thirty two years ago. So it's a very moving move back right t was here for a while. It moved. My geography's all messed up. It was hip decades. And then we moved south across the river in one thousand nine and around that time with the industry started moving south as well. So phase of huge disruption in turmoil. From then on, so it's great to be back. It's great to be back in strong shape and I think everybody's feeding really excited about this, this move in this building. And of course it coincides with us just reaching one millionth paid subscriber. So let's talk about that. I mean, we could talk about the building all day. But let's talk about the million paid subscribers. Big milestone, obviously million is a big number it for, for those who don't know explain the sort of journey. I mean how how big of a leap was this? It's huge and basically, it's beat the north stone for the organization for three or four years. We felt that if we said a big, bold embassies goal around a subscription of paid-for journalism model that would bring hold owners together. But also give us a sustainable. Business and financial base. When we left this building thirty odd years ago, all of our revenues from advertising circulation was imprint to come back now today with three quarters of our revenues and digital and most of our revenues from journalism, the heart and core of business shows the scale of transformation we've been through. So it's, it's a pretty big number in many sensitive, see not just a million. It's what it means in terms of the transformation of the organization enough, focus on journalism, and revenues from that as the central driver of the financial times. Okay. So in the past year, how many are we talking about adding? So we've been adding double digit levels for the past three or four years. So we've been adding.
"financial times" Discussed on KCBS All News
"KCBS super micro Intel money desk. Susan upstart for the stock market today. Got a lot of pressure coming from Boeing and General Electric doubt robbing hundred twenty points to twenty six thousand three hundred four NASDAQ falling twenty four points to seventy nine fourteen as down seven points at twenty eight eighty six Boeing getting stung with a ratings downgrade from Bank of America, Merrill, Lynch on the belief that the max eight is going to be a bigger problem for the playmaker than the market currently expects a keyboard? Analysts note also says Boeing seven thirty-seven production is going to disrupt specialty metal companies with heavy exposure to the commercial aerospace supply chain General Electric stock. Getting hammered effort J P Morgan analyst, downgraded the company to an underweight rating saying the market is generally underestimating how bad it is for GE while putting too much stock in small positives for the firm, and as a result shares GE or currently down by over six percent while Boeing is down by about four percent. If Wells Fargo's biggest shareholder has his way the company's next CEO will not come from all street or buffet tells the financial times that the San Francisco banks next CEO should not come from J P Morgan or Goldman Sachs because they are automatically going to draw. The irony of a significant percentage of the Senate and US house of representatives. And that's just not smart. Tim Sloan retired last month after being tasked with repairing the banks image after several customer related scandals including employs opening millions of fake accounts and customer. In order to score. Bonuses, Wells Fargo stop lawyer. Alan Parker is the interim CEO while the board searches for a permanent replacement shares and Wells Fargo moving higher by about a half percent on the money. Watch. Jason Brooks KCBS KCBS news time, seven twenty five. Sponsored by DIGI dot com. Searching for a new or used car be happy and visit DIGI dot com. Standby for traffic news coming up next. The name alien ant farm. Remember alien ant farm while we may not have heard from them recently. They're still rocking today to sold over five million albums, the name came more or less from daydream. The original guitars was thinking about the human race in pondering whether or not we will plan to your by liens giving an atmosphere in which we could survive, and we're being watched like a child watches an ant farm with that concept, the name alien ant farm was born. Three golden diplo featuring Swaley close to me. Elsie without me. Day seven rings. Thanks. And now a page from the diary of Flo. Dear diary, I got the brush off again. I don't get it. Is there something wrong with the way I wave? Elbow wrist. Elbow wrist by won't that little Basset hound acknowledge me. I'm friendly..
"financial times" Discussed on C-SPAN Radio
"Palladio, the financial times, and there's huge uncertainty at the moment over the fate of the Brexit negotiations. How much of a factor has this been for the fed and turning towards the kind of patient approach to monetary policy. And what's your base case on that? And the size of the balance sheet. What's your do? You have a numerical estimate for where the at the end of September. Once the run his complete. Of course, we're we're watching Brexit carefully. And and hoping that it can be resolved in an orderly way. From our standpoint, the part of it that we can control is that we've been involved with supervising. Our our financial institutions that are active either in the United Kingdom or the European Union or both to make sure that they're ready for the full range of possible outcomes to the Brexit so and in doing so we've also had also worked alongside regulators from the United Kingdom and the EU. So we do again hope that that can be resolved. Well, that we we know that our banks are well capitalized in resilient to different kinds of events in terms of the size of the balance sheet. The balance sheet will be of a size of approximately seventeen percent of GDP around the end of this year down from twenty five percent of GDP in at the end of two thousand fourteen so significantly smaller relative to GP GP than it was I'm guessing you you're looking for a dollar number though, probably and that would be so for the size of the balance sheet. It looks like it'll be a bit above three point five trillion. Ten..
"financial times" Discussed on FT Banking Weekly
"The financial times with me Patrick Jenkins. Joining me in the studio today is Nick McColl retail banking correspondent an all guest from market invoice chief executive, and they'll stuck where also joined Dan the line from New York by Laura Newnan, RUS banking editor and from devil's by our banking at it's David Crowe and Arash Masudi corporate finance editor and finally from Zurich with joined by Stephen Morris or European banking. Correspondent this week. We'll take a look at US Bank. And what the latest evidence is on that. And how it tracks results? A look at UBS results as they disappoint the market. A couldn't raise a full Davos twenty nineteen and finally that interview with Stocker from market invoice as it takes on some new equity investors. I o to the US Laura you read a very instinct piece of. About a growing gap between US CEO pay in the banking sector. I'm bat of staff, and it comes on the back of last week's news that the fifty million euro package of pay that was at standing to Andrea Rochelle, the outgoing investment Bank chief at UBS as he prepared to join a CEO of Sandton dare became a kind of poison chalice and actually prevented him from going Sunday got cold feet about that tell us what's going on in the market or Bank is losing all touch with reality. Well, you can just wanted very separate. She said issue of CEO pay let me at the very top in that would also under or tell while he was not achieve executive of Anqing group. He says neurons very high men on money to their started shooting. The issue. What happens to the masses of either working for the Bank? So the PT ran at that began was basically showing that across the six largest US bonds Irish paperwork, you're increasingly three percent and. All the two years buying Steve executives who have already nine in which their payment by last year. We saw an increase of seven percent for James squirm who is the Morgantown itchy executive on an increase of five cent for Jamie Dimon, who's JP Morgan cheap spaghetti. This is what those numbers into context at this point. James Gorman his package last year would have been twenty nine million dollars. And Jamie diamonds total last year would have been thirty one million dollars. And the thing about the practices for the chief executive's is a most of it is either in shares which are deferred costs, which is deferred or payments, which can ultimately be by. So those convict common news around their neck because the problem is if these binders leader jusens as a bud leader, which basically translates to name new joins a competitor. They can define a competitor in pretty lose terms. If they lead the Bank is a DOD lever overpaid of up to seven years, they could lose an awful lot of that. That's what unveil hotel fund when he tried to leave UBS doing Fanton there because he would have had to four. A lot of compensation on give back a lot of his ear UBS compensation and dare in order to make him HOA would strike a deal with UBS not enforce us or would have acted just by humanitarian give him fun. Dare shares to replace the UBS shares and this happened all the time done the ranks of Munich. You have imagined director moving from one Bank to another Bank. It's pretty standard than we'd be as author deferred. Comp thing is a deferred comp us you moans to millions maybe defies of millions. It doesn't usually run from the mandate actually affect the share capital the Bank. I think to be seeing publicly as well to be paying someone that AMAN to join looks for your ass. The other thing about the papers she'd executives it's automated linked to the performance author in she should in the years to come. So most of it is in stock in in stations was take several years divest. I can then be restricted for several further years. So someone like Jamie Dimon, he got a total package of thirty million dollars. If they were to be club in the share price of JT Morton Jason by the time is able to sell those shares that could be worth. Open less. That's not lucky top in the case of that bite. But we've seen him. We kind of reported on the packages pay to some Deutsche Bank executives over the years by the time..
"financial times" Discussed on Monocle 24: The Globalist
"And works with between six to nine hours, depending on how much energy he has. But you know, this is this is pretty impressive to start with. So, but then he has an app that makes his computer screen dog, which makes him take a break do push-ups and sit-ups or hang upside down will have to give up wearing gravity boots. So he uses an inversion table to have a sort of a Russia blood to the head when Zemes and that allows him to carry on writing everyday six to nine I was starting at four in the morning. So I'm obviously doing this all wrong. Never imagine doing this in my life. I'll tell you a really interesting Dan Brown fucked, which is that I was interviewing Holland Coburn. Who is the big big thriller writer in in the US sold millions of millions of books he done Brown and David foster Wallace who won the Pulitzer prize. Now, sadly, dead all share the same corridor university. Wow. When they go together in the Bose. Well, listen Intel and come with very very close. But bazaars that that the fee these three writers who actually have had such a big effect, particularly in American literature say I'm not going to be snow v. I'm very very quick look at what's happening in Germany. Yes. This is also this is interesting development. We are interested in who's going to be the next leader of the CD you possibly the next German Chancellor and for the first time they've had a public hustings. Whereas for the the three main royal's who have reading commits on a great Crump Kumba. And yet spawn have had a big public campaign events in Liebeck with seven hundred people turned up to see them, and they are all talking about how they would try to revive the CD give it a fresh start. And they were questioned about everything from plastics to China to Donald Trump, and is that it was a sort of coaches consensual tone. But according to the financial times here, the CD members that the journalists have spoken to you said they found that freak Mets came out on top. And he had according to this report, clipped delivery and rhetorical flair. So. The early hustings. They're going to have eight of these events between now and December when the party members will vote on then you lead but safer. He seemed to be the favorite of the of the Wall Street's Terry. Thank you very much. Indeed, that's toast yesterday. You're listening to the globalist. Now this week Cuba announced that thousands of that doctors in Brazil will be pulled from government program in response to criticisms made by president-elect J both neuro over their training, a new contract, two months. American affairs. Correspondent loosened Elliot this report from Sao Paulo Cuba's healthcare system has long been one of its most prized assets and its doctors a key expert Brazil, they've been an important part of shoring up the country's flagging healthcare sector in some of the most fall reaching poorest regions this continental size country. Estimates suggest that as many as sixty three million people have been attended to by keeping medical professionals since the Caribbean island began shipping doctors to Brazil in twenty thirteen back, then Brazil was on the verge of a chronic economic recession, which it continues to stumble out of and investment in healthcare long would the motive..
"financial times" Discussed on Recode Media with Peter Kafka
"Which in a world of major disruption i think we're entering a whole new phase of disruption in news media but having the ability to have that's a long term view and that same belief in quality independent journalism is frankly vital refreshing and very reassuring what has changed in indicate the answer cannot be nothing so they they have been as they promise completely hands off into editorial coverage and of being absolutely scrupulous on that front what we have seen is a number of sort of every corporation in the business side so we now have a combined sales team in asia which is working really well we've just launched actually new product called scout asia which is a sort of news and data services about asian companies for for the world we working with them on as that of business english venture so there's a number of specific investment projects that we wouldn't have happened it wouldn't have happened and actually free unleash both the t brennan the nikkei brand and we think could become quite substantial businesses so what i want to things i really appreciate and respect about the nikkei strategy is its growth they believe in growth and frankly the time when a lot of people view news meters playing defense we're playing offense and they want us to grow and we all grow offense look like besides growing your subscription visit it's growing subscription business it's innovating around appetizing models branded content etc and it's conceiving of and launching new product innovations like scott asia like business english and there's a number of others that were thinking of the moment i hear rumblings about midday activity in part because because things are cheaper now than they were a couple of years ago i hadn't noticed that so much.
"financial times" Discussed on Monocle 24: The Globalist
"Our linda and let's move on to the financial times and they poppy story on their front page the run out of chicken kfc an extraordinary isn't it almost twothirds of uk prime cheese at work close yesterday because they are they didn't have any chickens so that might be crucial ingredient in ah in their product but i think why it's made the front page of the financial times is that it's unusual for and supply chains to break down especially since there using dhl within international courier but it is quite i found this cueto quite amusing because kfc at the end says they're unable to say when restaurants will return to normal service so this is a significant break that is absolutely us was worth borja this is a new supply deal that they heard with with with dho which obviously suffered some some teething problems the thing that strikes me as particularly interesting about this linda is the way in which a big chain like heresy can't seem to just kind of act for itself i mean could they not have just gone down to the local supermarket import a whole load of chicken drumsticks well i think cav if your i ram one of these branches that would absolutely be very very tempting my my my guess would be of course cost yes exactly but clearly they think closing the doors is is is more preferable to disprove it too much on on their chicken any who am let's finish off with them a skirmish are reported skirmish shored disagreement between the us and china during donald trump's recent us over what happens to the socalled nuclear football this is an extraordinary story fighter resources have at axios which is an online website that and the at mid level official who carries the new clear football it's a suitcase with all the nuclear launch codes and he has to always be very close to the president along with a doctor these two people are central personnel said heading into the great hall the people when trump was in china he was actually blocked from entering.
"financial times" Discussed on Bloomberg Radio New York
"Have this than the financial times but the financial times did make it there top story that bridgewater of the world's largest hedge fund says volatility is here to stay fit ain't going anywhere back to normal uh i guess another another and long waits at me do we need to rethink revaluation should be now that um i guess vaal has been moving back or mean reverting if you will up let's get more on the day ahead in the week ahead and the to have a closer look at the markets through the prism of ets rejoins on the phone woman intelligence eric platoon is for our weekly look at that space and you can find more of course on his research on the bloomberg terminal b i e t f go erik i'm sure last week was just a bit of a flurry for you in terms of news flow and just how busy were given the implosion of a lot of these uh fairly extreme trades tell us what do we start with i'll let you start yeah well let's look at the plo you know when you have these corrections each year clothes can be a real good tend to sentiment because the closer daily right mutual funds are and the delay and they're mostly retail etf start used by toossion so here's what i'm seeing in the flows which is interesting so i think you're seeing some real panic here in the flows you got spy had about twenty five billion and outflows last week that is a lot that tells me that the trading crowd the hot money whatever you want to call it is scooped um when spy sort of is like almost like a futures market are uh those kind of investor so ththat's these outflows it means that traders are nervous however i've easy which is to cheaper version of by which a lot of advisors in retail use actually has sought includes all most of the week except for towards the end of the week he even called little red now that tells you that.
"financial times" Discussed on KBNP AM 1410
"Being here i got us it's almost like a coincidence because of course today were awaiting news about the nafta renegotiation talks that have been taking place over the weekend in in montreal and you have a direct relationship to uh nafta as it was put together and one if he could just tell people about it well first of all the toys great to be with you here pimm i worked on the original nafta with rod rockefeller a nelson's oldest son who passed away a few years ago but uh we worked very hard on that because we saw a lot of the center jersey synergies possible between the three countries it obviously had to be updated so much has happened in the area of technology uh that uh the updating is is very necessary and the negotiations we're going to be tough we know because the president ministration announced that they were very unhappy with the trade deficit with mexico and a small one with canada uh although there are a lot of but pessimistic estimate some what's gonna happen i think you have uh a very good group of people negotiating it a light haiser has a has a record as a negotiator he's a tough negotiations robert light highs earlier a us the lead us exactly and and christophe lens an old french used to me the uh the uh editor in the united states for the financial times sherry smart and done she knows what she's doing anglo hartel does it from mexico little really very vida garage i is the one who was the foreign minister who really is on top of that so you have three very tough smart people negotiating it uh and i think at the end of the day it'll happen but i think you'll need a couple more sessions uh before we get through it uh as you know it's a.
"financial times" Discussed on Radio Free Nashville
"In the financial times this morning a new analysis shows that quote charles and david coke and or coq industries could say between one and one point four billion dollars every year from the trump tax law uh and the co group spent over twenty million dollars per promoting the tax bill that ultimately became law according to a factsheet they provided to the wall street journal so on the one hand they invest twenty million dollars in our political process they make a billion dollars a year forever on the other hand we have this ar article by angus deaton in the new york times today the quote the headline the us can no longer hide from its deep poverty problem and they point out that you know the the the poorest people in the world are those who live on a dollar ninety or a less a day and they say there's three point two million such people in the united states and if you adjusted for you know the kind of the coup lula inflation i guess you'd call israeli 53 million americans are living in the kind of poverty that we usually associate with places like bangladesh what's your take on these on these two contrasting stories what does this mean how did we get here how do we get out of this well now becoming commonplace in that so i i guess i'm a little uh cynical almost about this this contrast between the needs of this economy and how it is in fact working it's a wonderful investment for the cold brothers to spend as you put it twenty million dollars on a political process that saves them a billion and a half each year our that's the rate of return that far exceeds anything else they could have done with the twenty million dollars to say the least let me put it in another way back in two thousand fourteen a famous french economy name thomas pick kennedy wrote a book that a lots of folks including you when i commented on publicly it showed that capitalism as our system is continuously producing ever worse inequality and that they will eventually blow up and threatened the system and that he concluding his book by saying excuse me that one of.
"financial times" Discussed on Clark Howard Show
"Geno ebookers and travel agencies that book q four dental work overseas uh there's a website called dental departures dot com that is one i've talked about before that you put what is your looking to do who you can go see and what it's gonna cost compared to will name a compared to what you'd pay here just what it would cost and i saw a story in the financial times that this has gotten to be such a big business in poland where people come for dentistry that eighty percent of the people going to the dentist there are foreigners going four first quality dental care and they go for a much lower cost now me saying first quality that's where i get the beefs from the dennis here in the us saying wait how do you know it's first quality and the answer is i don't i don't i'm not a medical professional far from it but i can tell you that as you know as a medical professional people who have a serious dental issue untreated leads to additional and potentially deadly health problems and so if it's not affordable here and it means going without maybe the right answer is for somebody to look overseas the same thing is come up with medical and gosh i wanna make people unhappy and medicine i've done in the past talking about people going to singapore or india or thailand for various medical procedures heart surgeries and the rest.
"financial times" Discussed on FT News
"From the financial times in london on january on us this is actually news this week europe's largest property giant union borrowed i'm kay has agreed a deal to acquire australia's westfield for twenty four billion dollars what does this still say about consolidation in the retail market joining me now is miles johnson the capital markets editor at the ft any williams ft proxy correspondent and the rush masudi manet correspondence talk about the two festival amy weiss these you need by buying this giant molineaux from australia well the first point to make is that the majority of mouse that westfield earn so in the us and it is very good at developing big shiny glitzy shopping centres whose lots of shops and restaurants now the fun things in was unify is more based in europe on his quite could it operating mal sit together they have a really broad spread of shopping centers as spread across the globe malls have come under pressure from the rise of online shopping is consumers have gone more and more frequently towards speak online retailers like amazon so one response to that is for these big companies to merge and give each had access to more retailers and broaden their bit of offerings to be tense antics is not the only deal in the property sector last week we saw hamilton agreeiate deal with into his well do you think we'll see more deals along these lines as big property companies get together i think we will people have talked a little bit about the prospect of simon properties in the us doing something but someone sets media they're already such an enormous company that merging with another entity would actually cools competition problems for them so jews out or not one but for sure will no doubt see smaller companies getting together next year an irrational what are your contact saying about the motivations behind the steel there's a couple motivations on this deal specifically if you think about what frank lo he is the sort of founder of westfield built it from being a european immigrant fleeing the europe to australia and starting this business in 1960 he's taken something that started in a suburb in western sydney to a global company that owns very prime real estate if you think about london the stratford.