36 Burst results for "Five Billion Dollar"
Biden's Cancellation Of Permit For Keystone XL Pipeline Faces Mixed Reactions
"Now president biden isn't just focusing on the pandemic one of the first things. He did after his inauguration. Yesterday was to cancel a permit to build the keystone excel pipeline that pipeline would transported crude oil from alberta to the texas gulf coast would have entered the us in montana from their yellowstone. Public radio's kayla roche reports on the mixed reaction to the cancellation tribes and environmental groups. Here and in other states the pipeline would have crossed have been fighting the keystone excel pipeline in court for roughly a decade last year in a video by indigenous collective buffalo defense. Roughly ten for pet tribal members protested in northern montana. They lined up with their hands held up fists and repeated a lakota phrase. That's become slogan. For the movement against pipelines like the dakota access pipeline keystone excel. Johnny were drawing. Water is life. The canadian company behind keystone xl tc energy operates a pipeline which spilled thousands of gallons of oil in south dakota and twenty seventeen and in north dakota in nine thousand hundred activists and tribal members say the pipeline endangers water-quality bricks tribal land treaties and pipeline. Construction brings the threat of human trafficking. Biden's decision to revoke a presidential permit. Donald trump granted canadian developer energy in two thousand nineteen puts a heart stop to the billion dollar project. Among those celebrating was fort belknap indian community council president. Andy work a member of the onny tribe. I'm just really happy. I'm really happy. And i'm really thankful in south dakota the rosebud sioux tribal government. Join fort belknap. In suing to stop the pipeline. Rosebud sioux president rodney bordeaux was busy coordinating cove nineteen vaccinations. When he heard biden cancelled. The permit agreed victory. Hopefully that's the end of it but will continue to fight it we're gonna watch it but pipelines supporters are seeing the collapse of ten years of work. Tc energy which declined to comment for the story. Released a statement in anticipation of the permit cancellation yesterday and said it. Suspending further activity on the pipeline county commissioners in rural northeastern montana where agriculture is the dominant industry said they had been looking forward to the tax revenue which the state estimated at sixty three million dollars. A year extremely disappointed mary. Armstrong a commissioner in montana's valley county where very large county with very few people seems like a perfect place in Perfectly compatible with us montana. Republicans strongly criticized by an institution. But keep an excel has also been supported by democrats here. Including former governor steve bullock and senator jon tester yesterday tester said he still supports the development of the pipeline but with conditions he had encouraged the biden administration to meet with supporters and opponents before making a decision while the pipeline from alberta looks dead for now the premier of that province jason kenney yesterday pushed for consequences the canadian province of alberta invest in one point. Five billion dollars in the project in a statement. Yesterday kenny culver biden and prime minister justin trudeau to discuss the decision. However the us government refuses to open the door to a constructive and respectful dialogue about these issues that it is clear that the government of canada impose meaningful trade and economic sanctions to defend our country's vital economic interest canadian prime minister justin trudeau in a statement expressed. Disappointment invite is decision but acknowledged biden's choice to fulfil a promise. He made during his campaign run
Fresh update on "five billion dollar" discussed on (EA) Eternal Affairs TRUTH Radio
"And then come back with a budget it shows. I only spent twenty five billion dollars. This guy was puzzled. I mean he was economic had charts and graphs perot. This guy was brilliant. These are unaccounted funds. Then he showed what they were doing they would take and spend more than they had then they would borrow from social security they would borrow from the general fund then they would get their budget back and spend more than ever payback. Those funds knows what a general the office of a of the department was asked the the military. What happened to that money. Why why why. Why are you showing six point. Five trillion of the two hundred and fifty billion generals. Oh bad accounting practices plan stupid. Why i can see stupid if you if you if you spent three hundred billion dollars in the ad budget to fifty and at the end of the year your bank balance showed two hundred and fifty billion with spent. Maybe i think you're stupid or you had bad accounting practice but the show you spent six point five trillion dollars at your budget. Still at two hundred and fifty billion don't take einstein to figure out that someone's cheating somewhere break here. He wants to bring back the obamacare penalty again for not having insurance. That's a rumor. I mean i. I firmly believe that the supreme court said that was not legal. Might find another way to finagle. There's so much planned. His peak budi gag or whatever whatever his name is that people yeah he wants to he wants to up the gas tax now and now. They're saying we're going to get rid of gasoline powered cars by twenty thirty five. You're gonna be able to buy gasoline to put in your car. You're going to have to buy a new fifty thousand dollar electric vehicle. That goes one hundred miles before you have to charge it up. Because they're gonna take it off the market and they're gonna stop fracking they also keystone excel pipeline. Where's the.
Are You Underweight Chinese Stocks? Pros and Cons of Investing in China
"Are you under weight chinese stocks. Should you be. I recently got an email from a member of money for the rest of us. Plus he lives in switzerland but grew up in asia. He mentioned that he has been a long term investor in china as he analyzed his chinese equity investments in two thousand twenty. He noticed that they didn't fall. As much as stocks in other countries and the currency held its value relative to the us dollar. He went to look at his overall exposure to chinese trying to calibrate it within his per folio he noticed that relative to the size of the chinese economy which is the second largest in the world that he was underweight chinese stocks in fact the major stock indices. Msci all country world index has five point two percent in china yet. China's gross domestic product the monetary value of their output is over sixteen percent of global. Gdp trying to figure out. Well what should his weight be. He's primarily getting his performance through an a-share etf china a-shares our stock shares that trade on mainland china and trade in the local chinese currency the lon new trade on the shanghai stock exchange and the shenzhen stock exchange historically these chinese a-shares are only available to domestic investors but since two thousand three china has allowed certain institutional investors to acquire license to be able to purchase some of these chinese a share stocks for example back in two thousand fifteen vanguard. Was i allowed to buy these chinese a-shares stocks up to one point five billion dollars. It was at that time. They added chinese. A shares to their emerging market stocks index fund and etf trading nature's has typically been dominated by local chinese investors and returns have been volatile in twenty twenty though they gained forty one percent incredible performance. It was the result of the chinese economy performing better than any developed or developing economy in the world in two thousand twenty in this episode. We're going to look at. What should our weight be in china in our stock portfolio. There's definitely some pros and cons to investing in china and that's what this member was trying to figure out what what what should his weight be in. China been twenty twenty. The chinese economy officially grew two point three percent some of its weakest annual rate of growth. But the best in the world. now there's always some controversy regarding how accurate are the official economic statistics in china. I subscribe to capital economics which produces something called the china activity proxy and it's an estimate of economic growth using different metrics that they have much more confidence in and they show that the economy grew close to seven percent in the fourth quarter from four point nine percent in the third quarter. This is on a basis chinese. gdp it's gross domestic product the measure of what it produces its output of goods and services has been growing faster than many areas around the world for over a decade and as a result. The chinese economy is getting to be a larger percentage of overall global gdp in china. And this is data from. Moody's referenced an article in the wall street journal. China in two thousand ten made up ten percent of world. Gdp us in two thousand. Ten was twenty three point two percent of global. Gdp at the end of two thousand twenty. China had grown to sixteen point eight percent of global gdp while the us has shrunk to twenty two point two percent so china at its six percentage points. The us lost one percent. As i mentioned the chinese economy grew in twenty twenty and one reason it grew was because of americans that were stuck in their homes. And we're able to travel and go out to eat. And instead bought goods off. Amazon and other stores and as a result exports from china surged in november chinese exports grew twenty one point one percent compared to the prior month and exports to the. Us grew forty six percent. Despite all the trade war rhetoric new tariffs individuals. Continue to purchase things that were made in china and many. Us companies continue to make a lot of their things in china. That growth in exports certainly helped the chinese economy. The other thing that helped the chinese economy cover is day to day. Life has generally returned to normal. The country was able to better control the coronavirus and as a result people are back driving their cars. They're taking public transportation china's not kobe. Free this past week on one day the recorded two hundred and ten new covert cases the highest since march but only two hundred and ten compared to the thousands and thousands of new covid cases confirmed each day in the us. The chinese economy has rebounded because all that manufacturing of those exports has allowed migrant workers which make up about a third of the workforce to take their jobs again. So incomes are growing in china and they're also benefiting because during the early months of the pandemic the chinese increase the amount that they're saving chinese households. Increase your savings rate. Now there appear more willing to spend that savings on buying goods and services and that has helped propel the chinese economy forward.
Will rent relief come soon enough?
"We're gonna start off the show with evictions which surely is on the minds of millions of people consuming them making it hard to focus or sleep or do much of anything at least fourteen million people are currently behind on rent. That's according to the latest data from the center on budget and policy priorities. The only thing keeping many of them in their homes is the cdc's eviction moratorium but that is set to expire at the end of the month. Now president elect joe biden. He says he wants to extend federal eviction. protections through september and as marketplace's samantha fields reports. He is also proposing billions in rental assistance. Congress just approved twenty five billion dollars in rental assistance as part of the latest covid relief package in december. douglas rice. The center on budget and policy priorities says that money can be used both for background and future rent payments. Maya submit that anywhere from two to six million households. This year will be helped yet. It's still just a fraction of the more than fourteen million adult renters who report being behind on rent. President-elect biden has proposed an additional twenty five billion but it will likely take awhile for rental assistance to actually reach people that is why housing advocates are pushing biden to extend and strengthen federal eviction protections before they expire this month. Emily benn for chairs the american bar. Association's covid nineteen committee on addiction the current. Cdc moratorium isn't protecting everyone. Many tenants are not aware of their rights under the eviction moratorium or they feel intimidated in triggering. Their rights strengthening the federal moratorium would give state and local governments time to get rent relief out to the people who need it says. Zach newman. an attorney with denver-based covid nineteen addiction. Defense project it just seems like a really terrible outcome of this moment to have hundreds of thousands or millions of people around the country when money is on the way that newman says is his biggest fear. That tenants will be affected right before rental. Assistance arrives i'm samantha fields for
Plaid plans European hiring spree despite Visa deal falling apart
"Clad and visa have ended plans for their monster merger almost a year after it was announced visa has cooled off. Its deal to buy fintech plaid for five point. Three billion dollars off to the us department of justice sued to block the transaction on antitrust grounds. We're confident we would have prevailed in cooled as plaid's capabilities. A complimentary to these is not competitive. Said al kelly chief executive when the deal was announced in january. Twenty twenty mr. Kelly said it would put the combined company at the epicenter of the fintech world but the doj moved to block the deal in early november arguing. That visa had chosen to a quiet plod because it was developing payments platform that would challenge visa dominance in the sector. Zach perry plaid. Ceo says it has only just begun will also stating it grew. Customers by sixty percent added hundreds of banks to the platform recently So ouattara thoughts on this. I suppose i double on the doj's decision. They made the right decision And then on top of what you think is next applied and indeed for visa you know visas strategists the scott. What's it gonna do instead Who wants to confessed on this one. I have no obvious. Talk on the story bradley. I'll go straight to you oklahoma. Dj positioning oversee. This was a memo. I think the visa describing is future competitor. But it's kind of like if you look at shell or chevron will be one of the big oil and gas guys if they go and invest heavily all by one of the renewable energy providers without be something the doj against odin think. so so. i don't view necessarily a competition. It definitely is an aggressive move would have been by visa. I'm but it's not. Apples to apples. Is competing new way of paying the more. Traditional banking rails. I'm it wasn't than buying competing conference. That i think would have been than trying to own their own. Their own immedi system. So i'm sure agree. With the ruling on deeply never went cold so almazo writes Will arenas once it's interesting time. Isn't it broadly. The famous volcano picture was the Was was the that was mentioned and this idea that plot was gonna move in that direction. The doj's argument was always that will fees is nearly sixty sixty five percent market share in the us. It's clearly dominant position if they're acquiring something that could compete with the very called rails itself then. A potential competitive type was being taken off the table and visa would continue to own a even if the rails would move from called to something that was more account based are the question to your point as to whether or not that was ever going to happen but certainly in a lot of the country. I've seen online In the past a couple of days and days since cisco announced on twitter a lot of the vc community is sort of saying it looks like plot themselves may have been motivated to terminate this because five billion dollars for a for an api data company. Seems like a really big price when visa. I pays it. But it's a testament to why we are infantile. That plot could probably got a better deal. I'm and actually the growth in neo biking and challenging ranking during the pandemic has been so astonishing that why wouldn't plod to go somewhere else and could they built mobile themselves than they cut on the on. The visa's umbrella suddenly seems like fintech. Twitter is very very bullish homeless firm plots perspective. I'm but then also people who all big funds of visa think. This is a good move for them as well because it kind of moves them away from being They were always very friendly with the banks kind of the position with the big banks. They have a great relationship. Plods account dates are access is not very well liked by a lot of the major. Us banks indeed. Many of them have been trying to block access to screen scraping together on direct deals in place and that might be one of the biggest threats in plots business model so visas business just gets a lot clearer. All of a sudden plot may be able to go onum become that competitor or something else so a good result all around personally
Visa abandons takeover of Plaid after DOJ raises antitrust concerns
"Visa has announced it is abandoning. Its five point. Three billion dollar planned acquisition of fintech firm plaid after the doj sued over antitrust concerns back in november. Now maybe visa plaid is a unique case. And i'm open to people's opinions about this. But i feel like this is the sort of acquisition that would have sailed through without anyone blinking an eye five or six years ago quoting the journal plaid. The government argued was a nascent but important competitive threat to visa and eliminating that threat would lead to higher prices less innovation and higher entry barriers for online debit services. Visa initially vowed to fight the government and a trial was scheduled for june in a california federal court. Visa and plaid mutually agreed to end of the deal. Plaid chief executive zach. Parrot said in an interview. That plan is in good shape to prosper independent company. Because consumers flocked to the digital finance plaid powers during the coronavirus pandemic the number of paying plaid customers has increased more than sixty percent since the visa deal was announced. Mr parrot added and quote. So what i've been hearing overnight is maybe plaid isn't all that broken up about this deal breaking up as it were because in a world where square is worth one hundred billion dollars pay pal is at two hundred and fifty billion five billion dollars for a key. Part of all of fintech was frankly looking like an absurdly low price like the steal of the century given the current markets. If somehow plaid could tomorrow how much you wanna bet. They'd hit at least a fifty billion dollar valuation. Or something crazy though. I would question what made them went to take the deal in the first place. What do we or do we not know about their underlying business. As alex ramble at a sixteen z tweeted quote plaid underpins virtually all offend tech. It is the strategic pillar that is allowing this industry to be built at unprecedented scale and speed. While i believe the doj decision to be misguided. I'm more excited for plaid. Anzac parents decision to remain independent. Plaid has been and will continue to be the most important piece of financial infrastructure. Powering the fintech services we use today and those we will use tomorrow. The opportunity for fintech has only accelerated and plaid's roadmap is even bigger better and more. Ambitious ludicrous speed. Go and quote and as ham hamster jogi tweeted your move. Patrick collison
Is Student Loan Forgiveness A Good Idea?
"Right now on the. Us government federal balance sheet there's loan receivables over a trillion dollars of student loan debt sitting there as a receivable for the fiscal year ending nineteen total assets of the federal government worth three point nine trillion of which one point one trillion was direct student loans. But here's the thing. Three point nine. Trillion in assets twenty six point nine trillion in liabilities. The difference the deficit is twenty two point nine trillion dollars. The us government is effectively insolvent. It does more than its assets. And if the us government road off four hundred and forty billion dollars of student loans it would just increase the level of insolvency. It would not sink. The government by any means the education department according to some private consulting work that they contract it out understand what the potential losses are on their student loans found. According to a report by the wall street journal that losses on the one point three seven dollars of student loans outstanding at the time this report was compiled would equal four hundred and thirty five billion dollars. Only nine hundred and thirty five billion would be paid back and that didn't include about one hundred fifty tonnes originated by private lenders that are guaranteed by the government each year. The government lends a hundred billion dollars to students to cover tuition to more than six thousand. Colleges and universities doesn't look at credit scores or the field of study or whether students will make enough after graduating to cover the debt. The wall street journal article reported that between two thousand five in two thousand sixteen four intent student loans. Most of them federal went went to borrowers with credit scores below the subprime threshold. That's assuming they actually had a credit score. Which at the time. That i took out my first student loan which i'll talk about a little later in this episode. I didn't have a credit score. Nor frankly i know what i was doing. But here's the thing. The consultants found out that a major driver of those losses were students. Who went on some type of income driven repayment plan. An income share to wear they only had to pay a percentage of their income and ultimately the loan could be forgiven after a number of years. If a loan isn't paid back in full because the payments are based on income in income isn't growing and ultimately the alone is written off after twenty years or so then that will lead to a loss in addition that study found that there are millions of other borrowers that would default on smaller amounts typically less than ten thousand dollars after the drop out of a community college or a for profit college one of the comments in this wall street journal article on the private consultants conclusion regarding the potential losses. For the us government. Student loan program is that taxpayers would be on the hook for this if the government off four hundred and forty billion dollars of student loans. Us government would receive less interest income and principal payments annually interest if we assume a five percent interest rate on one and a half trillion dollars of student. Loans is is only about eighty five billion dollars. now. I say only because total. Us government revenue is three point four trillion dollars. Interest income from student loans is only about two and a half percent expenditures in fiscal year. Twenty twenty six and a half trillion dollars. The deficit was three point. One trillion fourteen point seven percent of economic output or gdp nominal gdp and fiscal year. Two thousand twenty was twenty one point two trillion dollars. This deficit was fourteen point seven percent of that number the highest since the great financial crisis where the deficit was nine point. Eight percent the highest deficit ever was in nineteen forty three at twenty nine point six percent of gdp. The us ran three point. One trillion deficit in twenty twenty and the federal reserve increased the amount of treasuries on their balance sheet essentially funding that deficit. Two point two trillion dollars is the additional treasury bonds that the federal reserve bought so two point two trillion of the three point one trillion dollar deficit. These student loans are tiny percent of what the government is spending much of which the federal reserve financed indirectly. Veterans are didn't just give the money to the treasury. they went through the county mechanism of buying treasury bonds. But that's what happened. The federal reserve created the money out of thin air to purchase treasury bonds to plug the deficit now when i started hearing about forgiving student. Loans cancelling them. My impression was the student loan. Burden is as high as it's ever been. That students are struggling tremendously compared to when i took out student loans in the late eighties and early nineties. What i found was the average student loan and again this is based on data from marc canter wits. This is just the average student loan balance for graduates with bachelor's degree when they leave school in one thousand nine hundred nineteen ninety-three. It was ninety three hundred dollars. Forty six percent of students had student loan debt. That's about how much i had little over ten thousand dollars in student loans. When i left graduate school today. The average student loan balance is twenty nine thousand nine hundred dollars just for students. With bachelor's degrees sixty nine percent of graduating students have student loan balances. That amount going from ninety three hundred to twenty nine thousand. Nine hundred was a four point. Six percent annual increase. Now that's a burden no doubt and if it growing at four point six percent it's growing faster than inflation yet if i look at what students are making when they graduate in nineteen ninety-three or year after they graduated so in nineteen ninety-four an engineer. Starting salary was thirty thousand. Nine hundred dollars. A humanities graduate was making twenty one thousand three hundred dollars so if we compare that salary to the amount of their debt engineer made three point three times. The amount of student loan debt they had and the humanities major may two point three times the amount of student loan debt they have if we look at what engineers typically make coming out of university. Today it's close to seventy thousand dollars or about two point three times the amount of their student debt back in one thousand nine hundred. They made three point three times the amount that they owed now. It's two point three times so they own more relative to their salary but the interest rates are lower now. So they're able to handle that. But it's not this huge change that i had expected for the humanities graduate. They went from earning two point. Three times Student loan balance to one point eight times now. Part of that is pell. Grants which are grants given to low income students to essentially pay for school. I got a lot of pell grants when i went to school. That program has only grown about three point nine percent per year the maximum payout amount per student so it has not grown as fast as student debt levels. Now we can say well may be. College graduates are able to find jobs. The unemployment rate for recent graduates was five point one percent in nineteen ninety-two it was three point. Nine percent before the pandemic hit in february twenty twenty and so a greater percentage of recent graduates had jobs in early. Twenty twenty then back in nineteen ninety-two now. The unemployment rate at least in september was nine point one percent according to some data from the new york fed which suggests that yeah Graduates are struggling to get jobs. It is harder today than it was in nineteen ninety two but not that much difficult. And i don't recall calls to cancel student. Loan debt back in the early to the mid ninety s
NRDC's Dr. Vijay Limaye Discusses Measuring the Health-Related Costs of the Climate Crisis
"To the healthcare policy. Podcast i'm the host. David intra cosso with me today to discuss the climate crisis related health. Costs is dr. vj lemay climate and health scientists at the national resources. Defense council center. Dr lemay welcome to the program. Thank you dr maze by is of course posted on the podcast website on background. Twenty twenty set another global warming record this past year tight twenty sixteen as the hottest record year and strikingly warmer than twenty nineteen. For example average temperatures in some parts of the arctic last year were more than six degrees celsius higher than the twenty one thousand nine hundred eighty one to two thousand ten baseline average per no at twenty twenty seven. Us record with twenty two one billion dollar plus climate disasters. The previous record was sixteen and twenty seventeen toiling in some ninety. Five billion dollars in damages are more than double the forty one year average of forty five billion seventy events were linked to hurricanes and tropical storms concerning wildfires california suffered over ten million acres burned more than double the previous record set in twenty eighteen at four million acres adverse health effects caused by climate crisis. Events are on bounce well known for example in two thousand sixteen. The government published the impacts of climate change on human health in the us. And i recently cited lance and twenty twenty countdown on health report that concluded in part quote the world has already warned by one point. Two degrees celsius resulting in profound immediate and worsening health effects close quote nevertheless response. By thorough policymakers. Along with the health care industry remains far beyond inadequate. The best the recent congress recently concluded congress can do as produce a five hundred fifty page climate crisis report that drew no connection between the climate crisis and related effects. Imposed on medicare medicaid beneficiaries. Do likely in part to the fact. That neither med pack or mac. Pack independent gresham commissions given broad authority to address issues affecting. These programs has never addressed much less mentioned the climate crisis with me again to discuss climate crisis related. Health costs is the national resource. Defense counsels dr. vj lemay so at that As background vj. Let me begin by asking. If you can briefly describe the nrdc signed centers work shirt and. Thank you david for the invitation to speak with you and your listeners. I work at nbc. The natural resources defense council we are a profit organization working really to stay guard the earth. it's people plants animals and the natural systems on which we all rely. We combine the power of more than three million at rdc members across the country with the expertise of about seven hundred staffers that scientists like me but also lawyers policy advocates who are working together to protect clean air clean water and the natural systems on which we all depend so i work in the science center at entity see and science release the foundation of our work to protect people in the environment. We worked to understand environmental and human health problems working in interdisciplinary spaces in some of the work that we'll talk about today. In terms of connecting the dots between climate change in house is really the focus of my work. And i just have to say you know this period unprecedented on the scientific enterprise. It's more important than ever that we recognize the value that science brings to society and helping us to confront respond to some of these. Really urgent threats thank you. I appreciate that last point As we are well aware. Let me go to you recently. Published an article To your credit in health affairs Last month last month december issue was a theme issue on the climate crisis. I should say a health affairs polishes. Nineteen eighty-three had never previously addressed. Or excuse me. Nineteen one had never previously addressed this subject So again a -gratulations. Your article with your colleagues was titled estimating the cost of action and the economic benefits of addressing. The health harms of climate. Change But i wanna ask you specifically about that because you wrote in this essay quote unquote. There is currently a knowledge gap that must be addressed for more complete understanding of climate change related exposure response relationship. So explain to me what this knowledge gap is. Sure you know in your setup remarks. You mentioned the huge toll that climate and weather disasters inflicted on the united states last year. About ninety five billion dollars by the federal governments fresh estimate and well that's a staggering number as a health scientist. I'm an epidemiologist. I look at that figure and i wonder what's not included and the truth is that when our federal government is tracking the damage the climate change in reports like the billion dollar disaster list. It's actually not accounting for tremendous profound and sometimes irreversible damage to human house so there is a huge missing component. We think about the continuing and mounting costs of inaction on the climate crisis
Who is underpricing Roblox?
"Which filed to go public last year was going to debut as any said before the year some. Ipo's went out that were rather exuberantly received. And is that it. Whoa whoa whoa hold on. Because robots was going to let a lot of shareholders sell their shares at the ipo price in the offering and they didn't those shares me miss price fair enough so what they've done is they have raised a five hundred twenty million dollars series. H at eight twenty nine point five billion dollars valuation effectively replacing what they would have done in the ipo raise. And then they're going to direct list. So everyone will be unburdened in able to sell their shares. That they'd like to their experience the traditional ipo process and into the blocks brand a sufficiently large drive interest in the company. Now guys we've all heard ad nauseam complaints from adventure. Classes danny's old stomping grounds. That banks mismanaging. Ipo's underpricing them and rewarding their clients essentially with free money. Here's my question now. Roadblocks us at a price for itself thousand nine point five billion. What do we say out. And it's worth thirty five billion the first day won't they also have yet again mistrial. Peo- does this situation. This new solution actually fix anything. I think one of the big challenges. They faced the raises past brown from driessen. In february twenty twenty it was valued at four billion and they raise one hundred fifty million bucks with tiny percentage. and what. you're seeing the exact same thing this time with the series h five hundred twenty million at twenty nine point five billion valuation one point seven percent solution. So it's very tiny. But i think what they wanted to do was sent a very strong signal to the market of. Here's where we see the price. Today there are investors who are investing at this price. Last price was four billion. This is thirty. And i think they wanted to market support for the argument that they should be valued at this price. I don't think they looked at a lot of the other things on the market. And like wow. It's really hot. That was the story line. And i just. I'm very skeptical. But i think this is a proof point of saying look. There is actually market depth at these prices. And it sets the tone of the ipo more strongly than if they had just gone out. Kind of blindly. When we're i want to get into take on this but like we hear a lot of complaints from these about bankers mispricing. Startups andriessen bought a bunch of shares from roadblocks earlier in twenty twenty out of four billion dollar valuation. Now it's worth thirty. That's seven and a half times as much. Who's underpricing roadblocks. Here is that the bankers. Or is it andriessen horowitz. I have a suspicion. That it's the bbc's. I think it's amazing that we never talked about that. We always say. Oh the cow. Well the vc's did not dramatically underpriced screwing the employees who are doing the work out of equity and a fair representation for the show when you see these numbers. I know you're more early stage person. But how does this make you feel one. That's awesome framing alex. So i love that. I thought about snowflake when i saw robots giving that twenty nine point billion number when snowflake was planning to go public at its last raise it was valued at twelve point. Five billion obviously one of the most successful. Ipo of twenty twenty its market cap on. A went out was thirty three point. Seven billion a huge difference. And i think maybe roe is feeling in some ways. Like snowflake miss price. Let's just feel that confident about ourselves. I don't know if that's a fair enough. Compared because i'm sure they're very different businesses but if robots is misplaced and a lot bigger it will also be one of the most successful. Ipo of all time. The new price for robotics is crazy over you. I think one of the big questions we have to ask what's flow the ipo. Look at this. And i got his ms price. Well at a certain point of you're only doing one point six percent solution like of course you want to get you want to nail it perfectly. But the reality is if you're only bloating one point six percent who cares the question at the. Are you floating fiber shares ten percent of the shares thirty percent of the shares. Because that to me is a huge difference compared to some of these earlier rounds where the delusion is much smaller. Yeah for sure. And one thing we've seen just circle back to the point of ipo's being cuoco. Mis-priced is a lot of companies have had a very thin flow and start to trade and so you've seen asymmetric demand from retail investors compared to very very limited shares available which of course ratchets up the initial trading price feeding fodder into the argument. That bankers are better pricing. And this is not to defend bankers. The point is this. it's not like everything is as cut and dry as fits into a tweet. That's what i'll say just to be clear. Andriessen is making the most noise about myspace. Ipo's it's actually benchmark. Don't want to conflate everybody in my head is just vc's but it's worth noting that girly for border a bit worker less active invest. Whatever he is america's area go.
Roblox Valued at $30 Billion
"Roadblocks raises five hundred and twenty million dollars led by ultimate or capital and dragonair investment group so They announced today that they raised their five hundred. Twenty million dollars in a series h a purchase price of forty five dollars per share. If you do the math and all that sort of stuff it values the company at twenty nine point. Five billion dollars. Let's call it thirty right. The i don't know why they priced it. So it's twenty nine point five thirty sound so much pathetic. Let's call it. Thirty billion dollar valuation House spot on where we kind of wish we could sort of You know splice in the conversation. We had honorable extra because not only. Did we say this would happen right. That they would do private round where they've announced that they're going to do a direct thing not an ipo. So this is essentially their ipo fundraise right. That's how it directly thing works you raise the money privately and then you avoid sort of the the raise you do. That's part of the ipo on there for you. Avoid the show you avoid having the price shares and things like that so the has now been priced. It's effectively an ipo. it's not publicly traded. Yet they're gonna do public listing but this is the financing and we called the valuation. Right now i think we said based on unity's valuation. I you know. I think we agree to was probably going to be in this thirty billion dollar bar ballpark and we have longer. It's insane how close they Called it. I'm also surprised at this point. They don't round it up like like i just weird like you could call it a thirty. It's twenty nine point five. You can bow out that up like what who thought that sounded better lake. Like what's half a billion dollars point by. We're joking around. But yeah. I mean this is humongous. It's humongous your particularly william the the quote from the ceo of one of the funds that invested. Because i think this is telling. And maybe you have some thoughts on this it listen to the subtleties in the language here. He says while once viewed as a gaming platform roadblocks has emerged as the definitive global community connecting millions of people through communication entertainment and commerce said. Brad gerstner ceo. Tim under if you didn't know better what would he be describing a social network right. Yes like you don't even have to wait. I was literally like an listening to you. I'm like this. Sounds like facebook like this and most social networks go through that branding period where they get past their initial audience. Right think of facebook. Facebook used to be just for college. Kids right am i mean literally it was supposed to be like this is common knowledge but be supposed to be like the facebook that you've got as a freshman to meet new people right like that's why it's called facebook And now it's now. And i'm sure at the time they were describing themselves as a great platform for college age students to discover each other and forge friendships. And it's the same thing here. They are talking about like they would have said previously were gaming. Now wear something. We've expanded where social platform and that's insane because it. This is first of all what i think. We said. We felt like i think should have done. Ns feels like messaging. That should have come from epic from. This is how they should have been describing fortnight. So it's very it's surprising to see it from rob blocks. it's refreshing because i'm glad somebody has this messaging. Somebody is looking at games as social networks and trying to turn a game into a social network which is really potential right. And i'll see this last like for longtime ever since. I wrote the harvard business school case or co wrote. I should say on world of warcraft. I felt games are social networks. I'm not alone. i mean pretty much. Everybody who's thought about it realizes they're pretty much the same thing Right but it's interesting. To see this. Crossover into an investment thesis with this much money behind. And i think given the success of this. It won't be long before we see other dame's and game companies realize their social networks. Still think it's gone too far right like i was. I'm i've been so pro. Roadblocks right called the valuation called. This move loved the big number here right. it's own good for the industry. There's there's really no downside to any of this right in fact now thirty billion dollars again in kind of the context we're talking in. The context of a social network is a pretty cheap social network. Right when you're talking about the facebook and the twitter like where you're talking valuations in the hundreds of billions This is a pretty cheap social network and so super cheap for the number of users. I'm sure it has in the monetization per user. I bet it's it's bargain-basement steel which is probably part of why they want to calm themselves again. Social networks but like. There's a question of does this go too far right. Where the investor says while once views viewed as a gaming platform as if the daming days are like ancient history when you walk into rox. You're not playing a game right now. Either to be fair. Like i think this is okay like i really think mrs okay. Because like it's fair to say that their social and commerce activity going on and that their primary drivers and i've always been kind of a believer that raw blocks was not and i don't disparage anything here. Blake pound for pound. It's not the best game out there right. I'm sure there are many young kids and fans. That would just be with me. But i think fundamentally the reason why it's been successful is a game is not that the underlying game or game mechanics itself for so incredible or so unique Was because it was a social and ecommerce platform hooked into a game and the game was fun to play because of the socialization features in the commerce hawks. So you don't think language goes too far. I don't think it does in this case. No no like. I and i'll put it this way like if fortnight were describing itself that way without some major changes. I'd say i appreciate the aspiration but that's reaching right now but it's really does have other hooks in it. You know it really does right. So i i mean it's death. Look it's definitely like definitely you know a vanguard language right like it's somebody trying to change perception of the business but as long as the strategy meets the attempt to change perception. I think it's good for them. You know what. Let me let me push this one step further because the article ends with you know. Typical of a press release about blacks about altimeter capital right. There's always like the about sections for the the companies mentioned in the press release. Right and roadblocks. Let me just read the first sentence again. It's like there's a question mark here is this to have we gone too far right and the and the sentence here is roadblocks mission is to build a human co experience platform that enables shared experiences among billions of users so no game gaming in that sense but experience twice human once shared once billions once. You know it's a lot of good word into a lot of good words. No i mean. Look i mean. Clearly clearly it will remain to be seen whether or not their messaging this way to get a great valuation or if they're messing this way because they generally believe the platform can grow into that mission right. I feel like borderline disingenuous in the messaging. I like i said i'm the biggest fan of roadblocks. I love what they're doing. I think they've achieved and probably will achieve what fortnight should have in terms of growing outside of being a game. It's just like when you don't even mention it at all. I would like. I would like somebody who say like most users download custom levels and it would be like reading. A tesla press release and the word car is not used or automobile. Like is why don't they read that way anyway. Toby start with. Tesla is the future of human transportation or something. But i actually really don't know. But i mean i agree but like i mean the end of the day like i'd rather i. I think it's great for gaming e sports. Because i know sometimes we got a little bit of criticized for doing gaming news on east but the reality is this is so core to what's happening in interact entertainment like we can't discuss this right so it's the first then. The second piece is like okay. So you know i get that flake i get. This might be reach. And i think probably internally they're going to say it's a reach but i again i appreciate the fact that the market is recognizing that games can be more than games right. The games can be a bridge into something and fundamentally what games are about like interactive worlds. Can be a lot more than just half life in street fighter. Rife and i think whether or not they execute this change so fully as to earn that mission. I think it's going to make it easier for the next business to message. We're gonna see more businesses messaging mess name as a result will see the games media mature into more
China's Starring Role in Hollywood
"So what does china have to do with hollywood. So this is a particularly important year for the china. Hollywood relationship because this is the year that the chinese box office is expected to surpass the american box office as the most important box office in the world. This is james taker. He's the deputy director for free expression research and policy pen america and the author of the pen. America report made in hollywood censored by beijing now to get access to that box office. Any movie studio in this includes hollywood has go through. A regulatory process set up by beijing. Set up by the chinese government. The is that this regulatory process includes censorship that compliance with china censorship model is a prerequisite to entering the chinese market. So what we've seen. Increasingly is hollywood studios firstly complying with the censorship and editing or altering or removing content that chinese central subject to but increasingly. We're seeing more proactive. Compliance anticipatory compliance. And a self censorship basically removing things that studios even suspect will upset the chinese sensor and beyond that sort of working more actively with chinese censors and chinese government officials to include portrayals of china or to include portrayals at the chinese government particularly likes within their movies in many cases altered content only affects the versions that are sent to theaters in china but in other cases these changes are included in the global release to meaning that american audiences and audiences all over. The world are sometimes watching propaganda without even knowing it it shocking when you think about it for a second and seems to undermine a lot of what hollywood stands for. So why are they doing it. Hollywood studios like any other foreign studios in this situation really have significant economic imperatives to cooperate with this chinese model censorship in order to get into the country and this is perhaps most pronounced when we look at hollywood's. Biggest movies the blockbusters the movies that everyone sees you know movies like iron man. Three where china's sensors were actually invited to the set to kind of see what was going on every city further released way back in two thousand thirteen ironman three grossed one point two billion worldwide of that it made four hundred and nine million domestically and one hundred and twenty one million in china. That's a huge chunk of change and the proportion of prophets coming from china continues to grow. There is a quota system. That is in place where the chinese government will allow up to thirty four movies from outside the country. Technically they can bend the rules on this little bit but usually the numbers thirty four. Many of these spots are obtained by hollywood studios. With their biggest blockbusters and access or lack thereof to the chinese market for these big big movies can literally make or break the profitability of certain. Hollywood movie in two thousand nine hundred nine before the pandemic caused chaos in the film industry global box office sales were worth roughly forty two point. Five billion dollars of this the. Us box office accounted for eleven point. Four billion and china's accounted for nine billion while the us was still slightly ahead it's take had fallen from twenty thousand eighteen whereas china's had continued a long trend of growth the pandemic has made it difficult to measure things accurately but many think that china's market either already has or will very soon surpass that of the us and that the trend will only become more pronounced with time and regardless china has already become essential to hollywood's bottom line especially when it comes to domestic flops. Consider the twenty sixteen film warcraft based on the video game or so it was reported just to break. Even the film needed to gross four hundred million worldwide but in the us it got panned and only brought in forty six point seven million not to fear china to the rescue because of the popularity of the video game there had the widest release of any film up to that point and pushed prophets into the green with a final total of four hundred twenty two million
TSLA is The Chosen One Says Morgan Stanley, Price Target to $810
"Everybody rob power here and today. We're talking about a new note on tesla's stock from morgan stanley. They have increased their price targets significantly. Today after hours. We also have some news on the full. Self-driving beta report on monowai gross margins from china and some news that riven may be raising some more capital taking a look at the stock tussle. Today finished up zero point seven percent to seven hundred and thirty five dollars eleven cents that actually did trail the nasdaq which was up about one percent. But hereafter hours worth. Things have started to get more interesting. After morgan stanley released their updated tussle note. Tesla has jumped by about ten to fifteen dollars. One and a half two percent to read around seven hundred fifty dollars per share otherwise news on tesla was fairly light today. So we're gonna spend most of our time here looking at that note. And as i always say when we look at analyst notes a lot of this is just contextual and it gives us good jumping off points for discussion and things like this also gives us good perspective and insight into the kind of information. That's being circulated around the street. So right off the bat here. This morgan stanley note comes with a great headline. They title the no quote the chosen. One tesla industrializes internet of cars target two eight hundred and ten dollars and quote. That is a huge fifty percent increase over the previous price. Target of five hundred and forty dollars per share. They write quote. We update our forecasts and long-term assumptions. Following better-than-expected cue for deliveries sixty one percent year over year growth and five billion dollar capris raising twenty thirty volume to five point. Zero million units versus three point eight million and taking the price target two hundred ten dollars. Tesla is richly valued for a reason reiterate overweight and quote. Okay so what has changed. Here with morgan stanley's assumptions that has led to this fifty percent price targeted increase while they say they had better than expected volume this year. You four specifically. There's been a significant capillaries. And of course tesla was added to the s. and p. five hundred. So they beat morgan stanley's projection. They have risked and they've been added the s. and p. five hundred which has reduced the float effectively reducing the supply of tesla shares as for the actual changes to their model driving this higher price target. They say that quote the majority of the price target increase comes from the impact of our higher volume assumptions in our model and quote as i said they have increased their twenty thirty delivery forecast from three point. Eight million vehicles to five point two million vehicles and they say that they have now added to factories to their forecast for twenty thirty bringing their total tesla. Plant count to ten. I think that factory count is actually probably pretty close but that would only be you know. Five hundred eighty thousand vehicles per factory by twenty thirty. But it's become very clear. That tesla actually has ambitions of producing two million vehicles or so per factory per year. At least in the case of texas and dig your berlin shanghai. They've said one million plus so even just those factories plus fremont if can hit their production targets in those factories. Gets you to more than five. Point two million that jonas projecting here for twenty thirty as for their earlier year forecasts for twenty twenty one they have increased their projection from seven hundred seventy eight thousand previously now to seven hundred ninety two thousand and as a reminder just as recently as july they had actually been projecting just six hundred and twenty thousand four twenty twenty one so they've actually up that by about thirty percent in just the last six months for twenty twenty two the forecasting one point one five million. I'm not sure what that was previously for. Twenty twenty three. Then they are up from one point. Three five million previously now to one point seven million the fun thing about these increased volume targets from morgan stanley. Is that a few months ago. They did what they called. A great tesla rating. They started including things like mobility services as a recurring revenue from autonomy in their price target. So they're sort of having this ongoing opera moment this year. That as they now add vehicle volume into their forecast they now have to add additional services and revenue margin as well and that is where the game changes in terms of valuation for tusla. And the thing is you. Don't even need a fully autonomous robot taxi type of service to start adding that services revenue in when tesla's starts offering full self driving as a subscription. I think that is going to open a lot. Of analyst is to how tesla's business model is structured and will be increasingly structured going forward leveraging software. It's already easy to say. As i've said in the past that if you want to compare valuations show me another automaker that is selling a ten thousand dollar software option then we can make those comparisons but because that is all sort of right now lumped into the same revenue the same margin line on tussles earnings. People just aren't willing to recognize that yet as a separate line of business when tesla's starts offering full self driving a subscription even if they don't break that out on their earnings that forces a change in how analysts are forecasting and modeling tesla they have to start forecasting recurring high-margin revenue right. Now that's basically all just being pulled forward into that simple ten thousand dollar option which is great but it also makes it easier to ignore the other factor making it easier to ignore right now. Is that a big portion of that is still currently deferred revenue. So it's not actually showing up in earnings. But as tessa delivers more features this year less of that is going to be deferred tussles valuation in and of itself is playing a role here too because it has become so massive analysts have to cover this. They have to cover well. They're getting more and more resources to cover it. They're getting more and more questions as tesla's been added to the s. and p. five hundred those benchmarked funds managers. They need to know what to do with the stock so the coverage is just getting more and more intense and again because the evaluation hide they're going to be a lot of analysts running numbers sort of back testing against that valuation. Saying okay to justify this. This is what needs to happen for the company.
Epic Games Buys Out a Mall for New HQ, a $1.5B Esports Center Announced in Shanghai
"Not even sure I should have called this first one a facility. Once it passes 1 million dollars. I think it deserves a new name compound Arena. I'm not sure but regardless this one is called the international culture and creative e Sports Center the new center. Yeah, that's a good word for it is located in Shanghai and it's projected to cost one point five billion dollars behind. This ambitious project is super Jen group the page of Edward gaming better known the West sedg according to the press release the central feature in any sports teams Hotel an indoor skydiving setup and a break dancing facility among other attractions. The goal is not solely the host of the 300 competitions a year with a Max Capacity of ten thousand people. It's truly an incredible undertaking on pure scope and investment and it shows once again why China is going to be the most popular home of in turn off. Philly sports events for quite a while in America. There was another big facility announced and this time I think the word facility is probably more appropriate epic games paid 95 million dollars for a mall in North Carolina. It's just a few miles away from the current headquarters of Epic Ellen become the new home of the growing developer. It's going to be a slow transition over to this new place opening by 2024 according to Epic schools. This mall was always a tough spot prior to the pandemic after three of its maintenance pulled out and it was first bought in 2019 before epic stepped in to take the whole property. Ninety five mill is probably a good recoup on their lost at this point home while they will likely keep some of the structures in place epic was probably more after the land than the existing retail structure. But hey, it's still nice to pick and choose what are the structures you want to keep at least keep the food court, in tact, you know, Everyone likes good food court. I just hope epic does the right thing here and names the new headquarters retail row. It's only right
Why Roku Wants Quibi's Content Catalog
"Last year qube became infamous as a well funded but short lived streaming service. It raised one point. Seven five billion dollars from high profile backers ben shutdown just six months after it launched now people familiar with the matter say the company is in advanced talks to sell its content catalog to roku the leading distributor of streaming services. Here to explain what's going on and how this news fits into a broader story about the streaming industry is our media reporter benjamin mullen. Hey ben thanks for joining me. Hey thanks for having me okay. So we should note that these talks are still going on and they could still fall apart. But i want to start by just understanding why a partnership could be strategic for both sides here. So let's start quickly. It's obviously now so what's in this. It makes sense for you to do this. Because the licenses to the content that was on their service is one of the most valuable things they still have. They have cash on hand that they're planning to pay back to their investors. And i guess the reason why they're doing this is because it's what they still have so it's one of the most valuable remaining assets and how is going to be handling. Its content more broadly. Now that it's shuttered. The company really put a lot of resources into its content big names. They recruited a lot of talent and the trip. Some really out of the box content ideas i imagine. They don't want all that to go to waste. So does that factor into these talks. Yeah they're still trying to figure it out. That's what these talks are about is all the producers who developed programming for qube they want their shows to be viewed by people because they put all this effort into him and qube wants to make money as much as they can from the library that they have and so buyers potentially want to exhibit these shows sell advertising sell subscriptions around them. So you can. You can see why it would make sense for all parties to get. Get to a deal here. Yeah and let's talk more about roku point of view. Why would this be strategic for them. Specifically roku has its own channel called appropriately the roku channel and they sell advertising on this channel and the advertising that they sell on the roku channel. The terms for the advertising deals are really really favorable to them so if they have more original content that they can put in the roku channel. They have a better case to make to advertisers and potentially more advertising revenue and of course their main role right now is as a distributor. That's the position they've been leveraging as they make deals with content producers as we've talked about on the show recently could up partnership with qube help roku convinced more streaming companies to make content available with roku. Well you could envision a situation where they tell. at which owns hbo. You should put your content on the roku channel because look at all this content. we have on their. We have exclusive content so this channels are really valuable. Place for you to be and you'll be alongside some other really good shows and one thing i have questions about. Quip was made specifically for mobile and it really prided itself on its so-called turnstile technology that changes the formatting of the shows depending on which way you're holding your phone but roku is primarily used on actual. So how would that partnership even work. That's a good question. I imagined that a lot of the content that'll be showed on the roku channel or roku if this deal would go through would be in the horizontal aspect ratio. Because most people's tv's are obviously oriented horizontally the vertical component of the shows. I'm not sure how that fits into a traditional roku. Apper your roku viewing device. Got it so questions yet to be answered here and just zooming out. What are these deal. Talks tell us about entertainment. And the strategy behind how content producers and content distributors are trying to navigate the fast changing world. I think what qualities demise showed. Everyone is that it's really a competitive place. There's a lot of streaming services that have launched even the last half year so and qube was obviously unsuccessful in navigating the competition so and roku has built success largely on the back of the growth of streaming because there are huge distributor so roku was accompanying that manage to really seize on the success of streaming and is captured an ever-growing part of that pie and qube. I think you can safely categorize them as a half of the streaming wars. You know they haven't been able to capitalize in the same way that roku has and in this case roku so it like the winners of the streaming moore's may end up absorbing the losers. Yeah yeah in this case. That definitely seems to be what happened all right. That's a reporter. Benjamin mullen ben. Thanks so much for joining me thanks. Amanda
Hello Fresh Had a Great Year, But Microwavable Meals Did Even Better
"With on again off again covid restrictions keeping hungry mouths out of restaurants. It's no surprise that twenty twenty was a banner year for cooking at home. That's been great for meal. Kit companies like hellofresh and blue apron. Homebound customers tired of familiar recipes flocked offerings like smashed black bean to start as in meatloaf la mom already and under forty-five minutes hellofresh orders grew one hundred fourteen percent over a year ago according to a statement from the company as much as meal kits have shown during the pandemic though. There were no match for their biggest rival. The microwave twenty twenty was a record year for the frozen food. Aisle sales of microwavable ready meals in the us grew to more than twenty five billion dollars last year. Outpacing the growth of all other grocery items according to market research published by global industry analytics. This increased demand sent items. Like tinos pizza rolls. Marie calendar's is and trader. Joe's tikka masala flying off their ice shelves twenty twenty also saw gin hot pockets that came as a blow to military bases where the microwavable meat and cheese filled bread bars or a snacking staple so report stars and stripes magazine nestle owned stouffer is meanwhile celebrated its record year by debut in a shop where it showcased food themed clothing with slogans like cheese. Self care yeah. That one's a little debatable. Live laugh lasagna. T shirts aside. However microwaveable meals showed they could adapt to the times amy's kitchen which built a brand off organic and vegetarian. Ready meals enjoyed sales bumps up to seventy percent for some of its products as reported by food navigator usa dot com nestle. Meanwhile grew it's plant based offerings by forty percent in two thousand twenty on top of organic and meatless options. Healthy choices have been winners to namely the company's diet brand lean cuisine that is until december when pieces of plastic from a broken conveyor belt ended up in a batch of frozen mashed potatoes. I guess that means this time. At least the lou calorie frozen meals might actually tastes like plastic nestle recalled ninety two thousand pounds of their lean cuisine baked chicken and potato variety as we emerge from the pandemic. It remains to be seen whether pre-prepared microwaveable meals will continue their meteoric rise. Customers might be looking for a break from all that processed food. just ask allison robot celli. Who eight and reviewed thirty five hot pockets in four days for the takeout when recalling the experience she says nobody should attempt this without a note from their doctor
Stocks End at Record Highs After Trump Signs Virus Relief Package
"Stocks end at record highs after trump signs virus relief package stocks jumped on monday to reach record levels after president. Donald trump signed a virus relief package following a multi day delay. The dow rose zero point seven percent or about two hundred points while the s. and p. Five hundred rose about zero point. Nine percent and the nasdaq added zero point. Seven percent each of the three major indices record intra-day and closing highs adding to their year to date gains in the final week of two thousand. Twenty trump gave approval to congress's bi partisan nine hundred billion dollar stimulus package sunday evening after objecting to the bill earlier last week in approving the stimulus package trump also signed congress's four trillion dollar omnibus omnibus bill providing funds for the government through the end of the fiscal year. Averting a government shutdown. The virus relief package included a more modest six hundred dollar payment. That fell short of trump's demand to cut two thousand dollar checks to most americans trump also called for lawmakers to cut items. He considered wasteful and unnecessary in the bill house speaker. Nancy pelosi is set to hold a roll call. Vote over a separate measure to increase the direct payments on monday after having failed to pass it through unanimous consent on thursday it is unclear whether or when the republican controlled senate would take up the measure in its current form. The stimulus package includes a host of measures to support individual americans and businesses struggling amid the ongoing pandemic. Which as of monday sickened more than nineteen million people in the us. The legislation includes approximately three hundred and twenty five billion dollars in aid for small businesses and replenishes the paycheck protection program and extends federal unemployment benefit programs and offers an enhanced three hundred dollars per week in jobless insurance still the delay on signing the bill into law created a lapse in unemployment benefits for the about fourteen million americans claiming federal pandemic unemployment assistance and pandemic emergency unemployment compensation as both of these programs expired on saturday without the new stimulus measures to renew them. There is likely to be a brief delay in restarting these programs. Under the new authorization experts have said
Farmers Got A Government Bailout In 2020, Even Those Who Didn't Need It
"Back in the spring. Farmers who raise pigs were in panic. Some of their usual customers restaurants weren't buying prices had collapsed. Some hog farmers had no place to ship their animals because workers in pork processing plants. Were getting sick. This is just a grave situation on hot launch. This is nick. Giordano a top lobbyist for the national pork producers council in may on a call with reporters unless there is a large cash infusion from the federal government. We're going to lose a lot of producers lots of different farmers demanded government aid and congress provided thirty five billion dollars in emergency aid to farmers on top of regular farm subsidies which amounted to about ten billion dollars a year. Money went to hog farms but also people raising cattle corn and soybeans fruits and vegetables. Dairy farmers. Joe glauber an economist. At the international food policy research institute had trouble keeping up with at all. You almost lose track of of how much money is going out. Clobber used to be the chief economist at the us department of agriculture. And he finds it a little disturbing because by the time. Farmers got a bunch of those payments in the summer and fall. The problems were going away. Commodity prices have come back up and actually looking better than they've looked in several years. According to usda estimates total farm income this year without that emergency aid would have been about average with the government payments. Twenty twenty looks like it'll be the fifth highest year for farm income in the past forty five years. I think there is a fundamental question at that point. You say well. Why are we providing all this additional aid especially since farmers group are relatively wealthy while millions of other americans are wondering how they will ford groceries. I called up some farmers and got several different answers. Chad lehman is co owner of hog farm in illinois that got more than seven hundred thousand dollars in government payments in twenty twenty according to usda data obtained by the environmental working group which is critic of farm subsidies. Lehman says it's really not much for as big as his. He ran up against a cap on government payments to any single individual or farm. So didn't come close to covering his losses. None of us expect to be made whole but are asked was hey help us get to next year without that money. You don't think you would have made it to next year. What think you would have seen significant fallout from the pork. Industry significant fallout but farmers didn't have to prove that they needed help. They simply got paid based on their previous production of green or pigs or cattle the more crops. They grew the more government. Money they got up to that cap ron roseman farmer in western iowa says his neighbors sometimes made jokes about it. You know all these farmers were getting together and playing cards. These older farmers. I heard one guy say yep got another check from the government today. Didn't need it but boy. Yeah i don't know what to do with it. Roseman got some of money himself and yet i'm not in favor of an overall because it has Disproportionately gone to the largest producers which means those large farmers now have more money to outbid their smaller neighbors when land comes up for rent or for sale and when small farms eventually give up means fewer people in rural communities less life in small towns. We just continue to fight declining and aging population out here. It's a paradoxical result. Rosement says but passing out money to farmers this way can actually hurt farming communities and more money is now on the way. The latest coronavirus relief package contains another eight billion dollars in payments to farmers. Dan charles npr news.
How Much Money Can You Make on YouTube?
"Youtube is a media monster. It's such a huge platform and such a great search engine for information entertainment education. It's a real live monopoly. Nothing comes close to youtube. Yes there's video but the meals really not there as a source of media people maybe post videos and is very short in the film industry or in the arts but nobody comes close and believe it or not. It's still very early days in youtube. You still can get into youtube and really grow. I still find an astonishing. That youtube is still free. Meaning you can start a youtube channel. You can publish to the platform. You can store videos. You can accept comments. All this is free. And yes their business. Model relies on content. That will create. But you can easily charge a very small annual fee just a stroll. He's videos for crying out loud. But it's still open for everybody for free which is a great opportunity. There's over two billion logged in users every single month on youtube and this statistic is huge eighty-one percent of fifteen to twenty five year olds are on youtube. This means the existing and future generations in the next five to ten years that are spending. Money are on this platform over five hundred hours of video uploaded to youtube every single minute and ask business. Youtube is not going anywhere in the us alone. They made five point. Five billion dollars in revenue in just twenty twenty. So what are your options when it comes to earning an income on youtube. Well the obvious option is to become a creator being a youtuber. Were you publish content on youtube channel and youtube places ads on your video when people watch those ads. You get a bit of money now. How much money. You might be surprised about this figure. But i do research based on other youtubers. I've read forms read. It's an on average for every thousand video views. You can earn between three and five dollars. Why the range will depend on. Popular channel is how in demand. Your videos are Retention rates all that kind of stuff it also depends on the length of the video. How many ads are on that video. All that kind of stuff. But this is just general Barometer for you so if a video gets let's say ten thousand views you're probably gonna make around forty dollars on that video so just off that rough number you might be thinking. Wow that's not that much money that means if a video got a million views which is absolutely incredible. Very hard to do that. Video would earn ten four. To five thousand dollars in ad revenue. Now you can see why youtubers true publish as many videos as possible. The try to get you to subscribe So you can watch those videos reminder to watch those videos the do a lot of seo. They wanna get people searching and finding their videos and watching those it is even if subscribers because their ad revenue dollars count on the fact that people click on videos. Watch the videos watch threats now in order for you to even monetize. Your channel youtube requires you to have a thousand subscribers to your channel. This is a new rule that they place maybe a few years ago When i started on youtube this wasn't there also have to have at least four thousand watched two hours in the last twelve months so you can't just have a bunch of subscribers and Views to another rough estimate. I know noah kagan recently launched a video on youtube talking about How much money the earn on ads in washington. Ads run on his channel and they earn between three to four thousand dollars a month and they have a hundred thousand subscribers around one hundred thousand subscribers and a takes a lot of work. I mean no has been working on his youtube channel four years publishing great grey videos on a regular basis highly produced a well edited very engaging. So if you're looking to make money on youtube as a youtuber solely on ad revenue this has got to be your main game. This has got to be your Dedicated craft where you're trying your best to produce amazing content gray videos gray editing and those who make a healthy income six figures seven figures on youtube the really catering to a large large audience. They're trying to mass a huge audience and often niches that are in comedy entertainment sports tech things that will appeal to the masses. Now if your business is not one of those knee shes don't worry that's not the only way you can make money on youtube ad. Revenues only one way. And it's actually not the one way. I would recommend videos agree to build relationships. It's a good way to start the relationship to educate people to give content I would say second to blogging. Videos are incredibly powerful and it's becoming more and more a seo powerhouse. People search for certain things videos will come up so see youtube as a way for you to get in front of your audience and give them great value in exchange. They're going to check you out. Check out your work. Subscription newsletters Understand what you and take you up on it. A lot of companies have started youtube channels solely on the fact that youtube is so powerful and they can get in front of their audience. Very easily one caveat. Though you're in the video business in youtube you're basically becoming a media company in any kind of investment you're gonna make in content marketing. You need to be consistent. You need to be committed. This means consistently producing great video great content. Then it's a lot of work to create a video so whatever it is whether you decide to create a video every two weeks or every month you gotta stick to it. It's a lot of work in my recommendation is to get somebody dedicated to this on your team or you dedicate yourself if this is something you enjoy doing now. I don't recommend that because you need to run a business so hiring one person to run your youtube channel is the bare minimum in my Estimation you should really have somebody and they could be the talent that could be the person in front of camera. But they're they're the person that has to be responsible for producing these videos on a consistent basis. Very much like podcasting Your youtube subscribers are looking forward to the next release. They are expecting the next piece of content from you and you got to fulfill those expectations and utah will reward you for that consistency for the constant effort to adding to their great content on the platform. And yes you can also monetize and make some Money on the side based on your views but in this strategy your mean goal here is to build a relationship with the larger audience. that's on youtube With people that are searching for certain terms getting them to get your website get on your email lists and continue growing that relationship there so they can become a customer if you want to check out some examples of companies. Have done this really. Well checkout prophet. Well patrick campbell and his team has done incredible job with their youtube channel. Checkout podesta's youtube channel. I mentioned a noah kagan. He's done a great job with his youtube channel. Brian deane from back lincoln. Also a business. That sells seo courses advice. Coaching and he's built an incredible. Seo base channel on youtube.
TG Therapeutics announces positive results for Multiple Sclerosis drug Ublituximab
"The next company. I wanna to talk about is t g therapeutics ticker symbol. Tgt ex and they're now trading in a market cap of five point five billion dollars and we heard some news at ashley and then we heard a huge readout. Come out on thursday or friday. I believe of this past week on their. Ms data so very exciting stuff and what. They showed us at ashes. That umbrella said plus tax which is their molecule combination. Which they call you to. They showed that. It's superior to open new tuesday mab. Plus chlorine useful in patients with treatment naive and relapsed and refractory chronic lymphocytic leukemia and they presented their full data set from the face three unity. Cll study and this is a follow onto the top line data that they showed in q. Two twenty twenty. So i'm just gonna blow up the data here and the the data they saw and i'm just took the most important headline that i thought. Is that the hazard gratiot from patients that receive youtube versus. Oh plus h l was zero point five four six so what that means is that they have the risk of not maintaining progression free survival in patients that took you to which is a huge improvement in response from the standard of care. So this is great news for the company. it's really the the best kind of outcome you could expect from a follow on data released to the top line data so i think this is absolutely going to allow them to get approval. Nc l. l. And if we go back to our non-hodgkin's lymphoma list here. This is an indolent non hodgkin's lymphoma and they or they're planning to submit the be. La for this molecule and to the fda soon
"five billion dollar" Discussed on Marketing Over Coffee
"It was picked over two million followers on that lincoln account. We saw kinds the traffic from that so congratulations on getting that in there yeah that shadowed also goes to ashley's <unk> over top rank marketing. They're the folks. Were doing that campaign managing that campaign on behalf of lincoln so it was with their assistance that we will to draft this up. It's funny though and we. I think we did that like february. Just the nature of <unk> calendars a multi-billion dollar corporations with massive legal departments. It takes a while but thanks to trickle out. You know stuff doesn't just trump right away. It's nice to finally have something with a long tail like like that. You get to life and get out the door. That's that's a great thing and you so again. We thank them for their service. Before the show lincoln dot com slash mc going over there to grab your credit use. I use it for any projects you've gone on. He really appreciate their support of the show. So you had a bunch of data crunching it looking at youtube an instagram engagements what's going on there. The things that i've been experimenting with is is there some other some data points that would be useful to marketers that you could almost fully automate and make ak- part of a newsletter because one of the things you as a marketer show is doing. How can i continue to add value how can make newsletter so good that no one would dare skip it so there are a whole bunch of different. A._p._i.'s data sources out there in the when i was playing with this week was using both talk walker which is social media monitoring software and and then crowd tangle which is <hes> facebook's account level social media monitoring software pulling out a couple of different data points about what's working for youtube. We polled hold thirty three thousand five hundred ninety five videos that had more than one hundred views so that was the criteria has to have had at least a hundred views and had to have been published within the last asked seven days and said okay what of those videos what was the the median engagement rate and the media engagement rate was about thirty nine so thirty nine nine likes on a video of at least a one hundred views. The media number of us was nine hundred eighty one in that data set so that's pretty good when you think about it. It's you know the the folks who can get juicer getting the juice and that engagement rate is four point three nine percent which is astonishingly good so if you've got a hit <hes> it's gonna it's gonna deliver for at least in terms of engagement for instagram. We looked at instagram for brand pages. This crowd tangled and this was thirty one two thousand posts <hes> engagement there is a like or comment and that engagement for brands on paid posts was half a percent and <hes> for unpaid post. I was point four percent so the big takeaway there was that if you are if you've got the juice and you can make something happen on youtube at least in terms of engagement. It's you gotta have deliver ten x what instagram seems to be able to deliver these days yeah. That's crazy youtube so much more engaging way. We also have to shout out katie who won the analytics community contest you had asked everybody to place their bets back on tuesday to see who could hit that number and katie was closest at thirty one so she she has her finger on the pulse which that's totally expected of the ceo of the data science company to get on the market congrats to her. We'll have to get a a humana baseball baseball cap. I'll send up from the swag bag. Yeah i say if there are things that data points you would find useful and maybe not every week but you know may once a month to what happened on instagram or facebook for brand pages for b. two b. b. two c. <hes> let us know because a lot of this stuff is stuff that like okay how once the software is bill and it's running as ingesting data. It's not like a ten hour project just all the numbers. That's one of the reasons why we're doing it for a newsletter so defined i if there's something that you like oh gosh if only i could tell you how many clicks top performing headlines of the week were let us know and we'll see if it's feasible with my throat in the newsletter yeah and then i mean as far as actionable advice two hundred now. Is there any reason why someone would not start with youtube. Like why would you not start there as opposed you know i. It just seems like i will videos more work of course but i just think with ten x leverage. You'd videos gotta be an youtube. There's gotta be head of instagram yeah. You know it's interesting that people think of instagram is like we're all the people in conversation is but they forget that youtube is three things it is is a video platform but it is also a social network which people completely forget about <hes> until you read the comments. You realize most of humanity deserves. It's the second largest search engine on the planet. People forget that youtube busy search engine powered by google parent company and so in terms of your takeaways think think about the things that resonate on social because social network think about the things that people search for maybe do some predictive analytics on on what people are going to search for and then make make the video and put it up there and as long as it is useful or help all or entertaining. It's gonna do okay yeah run yeah and of course that's the phrase as you are. Your own worst critic then expunged youtube comments so that's when the world works these days exactly i would also. Let's say that if you're not cross pollinating you're missing an opportunity so one of the things that i do every week in my newsletter and i recommend everybody does in all of their social channels as well as let people know what else you like so schedule a bunch of tweets saying hey. I'm on lincoln here on facebook your arm on youtube here on instagram here. It doesn't have to be like every day but remind people that you are in more than one place and what they'll get if they go to places like if you subscribe to the youtube channel you'll get daily videos about this if subscribe to the blog you'll get this but that reminder will help. You build a little bit of insurance. If one platform just takes a nosedive facebook then you got a backup plan yeah yeah you're you're hedging your bets and spreading the audience out on multiple channels. That's definitely smart. Move to it to get you on track and keep you on track. I had a straight talking about twitter offering more context unavailable tweets deleted protected in muted. I thought that was just kind of interesting so you could kinda see what happened to the history of a tweet and i didn't have in the show notes but there was an interesting one last week i had seen about a very clear line between donald trump tweets i if view analyze the data there's the i._o._s. Tweets versus the ones that come from the android phone pretty obvious to see which one is the p._r. Team with the photographs in which one is the angry guy at night painfully obvious what's going on there which is kind of fun to see the data point that clearly what's going on. Oh totally you could actually it's interesting think of bunch of oats have done machine learning modelling with that content and when you use the two different language models you do get very different amish when you when you generate new tweets and things so it's ah that's true also of almost everybody unless you're the only person who has access to your twitter account if you've got if your corporation you're doing. You know you've got a p._r. Team liam an ad team in a social team and stuff. You can very very easily pick out whose voice who's right. I have some stuff about joost doing more podcast indexing a lot of stuff going on the ios tron. I have to catch up with that because there was an exploit that you had to patch and we had some weirdness with the the client site that we've been doing some stuff with we fix so i have to dig into that hopefully for next show. I'll have more going in on that also in the back pile. I had comments add. We talking about the general mills r._f._p. Which i think included hundred and twenty day terms as part of the deal just seems like the classic frog boiling beating on the vendor uh anything else surprise you out of that one the big one that a lot of agencies rightfully objected to is that anything you create for their pitch becomes. Was there intellectual property. So if you come up with a great idea they can take that idea and run with it and not pay you a dime which is a clean enter to have the intern right because you want the lowest value. All you ideas going into the pitch sitting sort of get ripped off. It's it's not a huge deal but that's one of those were the big agencies are like don't wanna touch it so they're gonna end up the oh. Someone will want that work because they want the logo on their powerpoint deck but it's definitely when you do stuff like that. You're not gonna get the best of the best yeah yeah you get what you pay for it. It's just funny. I had something in the town here. Somebody was talking about having a design contest for i am architectural stuff in the town and like oh yeah farmed out to people who are willing to do it for free. That's definitely definitely the working to get some good stuff with that. Our town ends up looking like willy wonka factory. I'll know where that came from. I would love for everybody who is a creative role in your company to print out. Mike lipton's quote hang everywhere in your office his great quote which i have to remind myself how frequently which is i would do this for free but i make you pay so you understand the value of what you're receiving yeah. We tend to forget that we love what we're doing and so you make it too easy for it to be sold cheaply and yeah and then hopefully you always get to that prime real estate where you need the price there air because you've got too many people interested in what you've got going on and he needs something to separate the demand and get them queued up so hopefully we can help you get to the point where you have to deal with that and in fact if you need help getting on task to get there you can accomplish more every day with omni focus. You can check the professional to do list manager at omni focus dot com tom..
"five billion dollar" Discussed on Marketing Over Coffee
"And good morning welcome to marketing over coffee. I'm john wall bresser ben and in the heart heard of the summer here. I just have to say facebook having to pay five billion dollars in fines for what has gone down. I don't know it's just amazing to me such a huge chunk of money and then the other thing that was insane. Was you just threw me this article about facebook looking at a brain interface where you could type with your mind. It's just which i can't make this stuff up. It's just yeah. I five billion dollars. I mean when you look at them. As a company is not that big a deal the thing thing that's interesting to me about the brain interface stuff is that if you've ever done or tried to do any voice recognition <hes> where you speak into an app but it transcribes mealtime you realize just how scattered and unfocused your speeches now. Try to imagine what would come out of your brain typing hyping wise if you're directly connected to thoughts because we know most people's minds mine included are not that focused so can you only imagine the stuff. It's gonna yeah. I mean not to geek out too much but like i always remember the character of troy on star trek. Who could read reminds. I was like oh my god. I never would wanna run into that. Can you imagine somebody that can read your mind as you walk in the room. You're just like it's just such a bag of disaster can't believe leave it would work there have been some actual toys as some star wars toys where you can use your mind control this or that and yet it seems seems more kind of like alternative interface of muscle control. You know it's more like controlling muscles around your head. It's not as if you're projecting your mind out there to do things so i don't know maybe we can get a test version of the i guess. As much as i think it's hilarious you know literally the tin foil hat crowd worrying about mind control but it still would be kinda cool to see if it works and how it works so we'll keep an eye on that yeah. I don't even know where to go with all right so related with the machines coming to take our jobs chase using a i to generate copy for ads so you know people have always said while operating will never go away in here's chase doing something on that this no surprise to you of course no matter what so ever so they're using a relatively straight form of natural language processing to build and test subject lines for a lot of their marketing and when you look at the way they're doing it. They're actually using vendors do it and and what it is at the vendors doing this is not cutting edge stuff. This is pretty well tests and stuff. That's probably about four or five years old right now but they're finding <unk> outperforming their humans so there's definitely a clear trend for what i would classify as relatively low value creative work being easily outsourced to a machine and what they're doing. This is the part of the fascinates me what they're doing again is is relatively low tech in the sense of it's it's. It's not a very advanced machine learning. It doesn't have to be for this use case but if you were ambitious enough if and and skilled enough you could take the idea of what they're doing and kick it up like a hundred notches with what's available on the market today so for example. If you were to take all the the library subject lines you have or or something very similar to that and feed it to something like opening is g._p. To you could do that like today generate some pretty incredible stuff. I was doing this recently with <hes> with g._p. To with <hes> twitter chat questions i took the all the questions from content chat and sam rush rush chattanooga all the major <hes> twitter chats and i fed that in an i said okay. I want you to generate new chat questions and it came up with a couple of thousand. They were really good like reading going. <hes> these are questions that i could legitimately somebody asking and you would get decent answers from them. Yet actually works in. It runs on it as far as this stuff being done. This is one of those things i've never met anyone. That's actually doing this work. That didn't hate to do it. You know this is not writing the the great american novel. This is some of the most painful copywriting you can do to staying within word count and trying to get on the mark so yeah i think most people will be very happy to build the roll this concept of and the other thing is you can spend more time focusing on you know what is actually the offer as opposed to the sixty five different ways to word it and bidding strategies reason other things in managing the software that does this which is all fulltime job. Now is some of the you know. Programmatic systems are so complicated yeah plenty more to do well. This is yeah. There's there's a lot going went on with that makes me think we should do like a like a special hang out of something like may at the next a conference. Were all at grab some folks head to the bar fire of g._p. To and and a libraries from kind of like show an example of just how easy it is to do because if you think about subject lines and things that are not like a huge data set you'd you'd get a couple of thousand of them just from any any major reputable data system and fire of g._p. To gluco lab and after by probably by the second round of drinks has on the work of oh well heck first week in september. I don't think there's anything going on that week. It'd be perfect time for so if you did not detect the note of sarcasm is just insane. There's inbound content marketing world. There's a big magenta has got their thing going on that same week so that all this crazy stuff going on so yeah a chance for us to catch up though if you're going to be at any of those shows be sure to give the album a lot going on there. Would we just have to passer moment to wanna think linked within marketing solutions for their support of marketing over coffee. What if you could reach the right professionals the right way imagine the best place for marketers place where you stand out against a backdrop of standup brands a place that has exactly the people. You're looking for and even better. They're looking.
"five billion dollar" Discussed on WBT Charlotte News Talk
"A five billion dollar fine following a lengthy investigation into the Cambridge analytica scandal and other privacy breaches krystin Goodwin fox news transparent or storm overnight loner seventy tomorrow partly cloudy early scattered thunderstorms in the afternoon with highs in the low nineties hi Mike Doyle in the W. B. T. new center so you need a new roof on your house who do you call why don't you try a quote the most trusted roofing company in the southeast that is alpha omega construction group they take the G. A. F. presidents club award very seriously less than three percent of all roofing companies even qualify for this award means that their people there come understand how to install your roof perfectly weathered shingle metal tile a flat roof cedar residential or commercial and alpha omega is a family owned business started right here in Charlotte nineteen ninety two this is a company that you can trust with your biggest investment the roof that shelters your family inside your home call alpha omega today at eight four four seven oh four roof or online at Alfa dash omega I. N. C. dot com eight four four seven oh for our old alpha omega the story Blondie members of the one they were originally in two different bands the stilettos and the wind in the willows before getting together to form Blondie there was a series of band personnel changes and by nineteen seventy five the five piece final lineup was complete they had originally bill themselves as angel and the snakes do the high frequency of cat calls Deborah Harry usually received a she didn't fax spend some time as a playboy bunny waitress the group changed their name to blind faith why G. Jean Jackson known professionally as why G. was more in March of nineteen ninety in Compton in two thousand nine he released his debut single toot it and boot it featuring Ty Dolla sign which peaked at number sixty seven on the Billboard hot one hundred he signed to def jam recordings and shortly thereafter started releasing mixtapes his debut album my crazy life was released in March of two thousand fourteen and received critical acclaim his second album received the same accolade shortly after its release in two thousand sixteen in Charlotte stories that the Panthers with their first touchdown and now like to welcome the new owner of the chaos Mister David tapper I'm thrilled to be here the new date for this organization hopefully we'll have better things to come putting that Superbowl championships in the future news talk eleven to ninety nine three W. B. C. talking eleven ten ninety nine three WBC Charlotte news stories seven name the NFL's new expansion teams live coverage here on news radio eleven ten WEC there for you that this is a dream come true for me and there for you now this is a new day this organization for Dave himself Eugene Robinson for you news talking eleven Ted had ninety nine three WBC welcome back is the Ben Shapiro shows of the crowd loves the radicals needs democratic debates but here's the reality once the Democrats are out of the primaries the crowd thinking a lot of these pictures so much let's go through some of the big rock them sock a moment debates.
"five billion dollar" Discussed on KSFO-AM
"Yes. Comedy. No that's hard to listen to. She's tha I did not know she was half Indian indian-american. She's asked about how being half Indian has shaped your identity and political views here. She is. I would say that the influence the Indian influence on my life is is really a lot of it is based on what I what I described in terms of the experiences that I had in India, and the family that that I come from was very active, and I know that about, you know, India's one of the oldest if not the oldest democracy in the world. And so the idea of debating and discussing what it means to be a democracy. So for somebody who has been studying the Indian democracy and knows it so well, she should go. India did not become a democracy till I think about nineteen fifty and their version of democracy is is really lacking. Compared to what we going on here. Like, you're right. It happened in one thousand nine hundred nineteen fifty seven. Okay. So I know more than she does. She do. Now, she's talking about this. She's saying well, you know in December twentieth. We we pass the spending Bill. I mean, we're all set to go home. But we did go home. My gosh, man. I got we just gave up five billion dollars for this border. So she's the only democratic cited about having given Trump five billion dollars for the border. She goes home, and then oh, she's bummed out. Because now they got to go back to Washington DC to vote again. But she says after they made this five-billion-dollar vote of she was jubilant, and they were singing Christmas carols and playing games. She was even singing a particular. So why is it that when I do the smell test on this? I'm not buying it. Is it just me being too judgmental? Take a listen for Christmas. The United States Senate unanimously in a bipartisan approach passed a funding Bill vote. I.
"five billion dollar" Discussed on NewsRadio KFBK
"Five billion dollar mega millions jackpot has still not stepped forward. More than two months after the ticket was sold in South Carolina. The winning ticket was sold in the town of Simpson Bill the numbers were announced on October twenty third and as of last week. The winner has not come forward to claim their prize, which is left lottery officials kind of baffled if the prizes not claimed the jackpot will be returned to the forty four states that participate in the lottery, South Carolina. We'll get a payday of eleven point two million which will be used for the state's educational fund. The state reported that the winner has a total of one hundred and eighty days to claim the money, according to state law and the countdown. Starts from when the winning numbers are announced. Wow. One point five billion dollars. And they haven't stepped forward yet. Maybe they're gonna wait until the last moment in a moment. An incredible story ally too big to fail. Lease appeased joins us on coast to coast AM. Julie Leslie COO to Howard group. Oscar was my fourth interview for director of operations. It was overwhelming running the day to day and being the CEO as well. So I posted the job on Lincoln his profile was impressive. But what really connected with me was how passionate Oscar was about something as logical as operations. We started discussing. Excel that led to process flows databases agile development when the interview became a geek out session. I knew we had to hire him..
"five billion dollar" Discussed on WRVA
"Okay. So what the weight is the house is going to add an amendment to they continuing resolution. The amendment will specify a five billion dollar expenditure for the border wall. That's what they're gonna do. So that's even better news. It's not going to be some verbal resolution or trick. They're actually they're going to try to pass this has to pass the house and keep sharp by on this. I mean, this I'm I'm not trying to drop cold water on everything. This is every step of the way here has been fantastic. And it's worth standing up and cheering, but the house now has to go the Republicans still run the house. And that's why this has to be done now to put this off until February is absurd when Nancy Pelosi and the rest of her crowd run the place. It's it's impossible. Then. So they're going to try to pass an amendment five billion dollar amendment for border wall. Then it'll go to the turtle over to Mitch McConnell in the Senate. And then they deal with it. And then if it doesn't survive either place if this same Bill would know five billion dollars goes back to Trump. He's on record as having said is going to veto it. If it doesn't have funding for a wall, I e border security is going to veto it. Here's a statement from Sarah Huckabee Sanders, President Trump just met with Republican members of the house. We protect nations all over the world, but Democrats are unwilling to protect our nation. We urgently need funding for border security, and that includes a wall now to the audio soundbites Paul Ryan, this was outside the White House after the meeting with the president. We just had a very long production meeting with the president..
"five billion dollar" Discussed on News Radio 690 KTSM
"Hoedown out. They're looking at you. And they're saying sucker. You don't count. You don't count until you start getting phone calls. Not robo calls not from somebody at a call center. You don't count. It. You start getting phone calls from that Representative that Senator herself asking you for money, and you delivering and cutting a serious check. Oh, yeah. This is how our country works and big business. Guess what they want their cheap labor. Hey republicans. But are they going to do they're going to give it to him? That's right. This is it's ties in immigration here. I I wanna make sense out of this for me. Trump wants Trump wants five billion dollars. He wants five billion dollars toward his twenty five billion dollar wall. Why? I yet to hear any other talk radio show host rip this entire thing apart like I have I don't know what the chicken or what? Give me a break. Donald please, please, I'm all for border enforcement. I'm all for doing things in an intelligent way. This is just stupid. And I thought it was stupid when you were running for office, quite frankly. And I think it's stupid today. What good you tell me what good is twenty percent of a wall going to do. Explain this to me, please. Because I don't get it. Our again, our do my Walking Dead analogy. I've got my my compound the Markowski compound on the Walking Dead. And we're trying to keep out Zambia's. Do we? A. Build a fence and boundary and border totally around the compound to keep the Samis out. Or do we build twenty percent of a wall thinking that design? These will only go to that part. Comparative to legal immigrants the evil, Mr. Marc hausky place people like not like. It's stupid. What what you think Trump is going to get another another twenty billion dollars with Democrats in the house? You think Donald Trump it goes into building a an apartment complex are a hotel. With only twenty percent of the financing and order. So explain this to me, I'm at a loss here. I am. Go to work, which place. So we get back logic and reason here on this program people, we we try to use that watchdog on Wall Street dot com. Watched on on Wall Street dot com. A twenty four hour day help hotline eight hundred four seven hundred fifty nine eighty four. We'll be back..
"five billion dollar" Discussed on KOMO
"Looks like there may be. Possibility that they could exist pasta December thirty first because they need a serious amount of money. Yeah. So what's going on is that deslize a number of debt payments coming up? They have a little over two hundred million coming do here in the beginning of November. They have another nine hundred twenty million coming due at the end of March money actually has to be in the Bank by December thirty first for the agreements. So the issue here is that we last week. Saturday afternoon. We heard about the settlement with the SEC this Saturday afternoon. We've got a very interesting. So potentially breaking news from Charlie Gaspar, Reno he's one of the most experienced reporters on Wall Street who has worked at the Wall Street Journal is reporting from CNBC these days, he's at FOX business news by the ES spoken to a lot of the bankers that seem to be pitching test lie for how to deal with a situation where there are simply not going to be able to pay back. The outstanding debts that are coming do. So the idea would be that there would be willing to interviews. A net of five billion dollars into the company essentially, it would be a form of a short sale. You put it in the homeowner ship terms. So for example, today Tesla's about ten billion dollars worth of outstanding debt. They would actually find a way to refinance data put that under their own wings and then an ad. Other five billion dollars in fresh deck capital to the company, and the idea would be that they believe that. As of today, the company would be worth about ten billion dollars in a bankruptcy. And you add five billion dollars in fresh cash from top of that that basically means that the enterprise is would be worth fifteen billion. But that of course, leaves no money for the equity holders. So essentially the equity would be worth zero. That's why I'm saying it sounds a lot like short sale. The Bank takes over your house declare your bankrupt. They just take the house from you, basically. And then they have somebody coming to fix it up painted up renovate a few minor items. And then either put it on back on the market or are they or they lease it out. So that would be the proposal that he is describing in terms of his conversations with many of the banks that are allegedly here pitching attached lie as to how to just avoid a chapter seven bankruptcy. So that's part of this. Right. So what happened? Is that the convertible that comes at the end of March, which is nine hundred twenty million dollars. If the stock. Doc has traded for a certain period of time before March thirty first at an average price of higher than three hundred sixty dollars. Then you can settle that loan in by issuing stock. But if it hasn't traded at an average of three hundred and sixty dollars for a certain period of time leading up to that moment in time, then you actually have to cough up the cash and right now, of course, it's doctors at about one hundred dollars below that level. And so the company's looking like they're going to have to cough up the cash, it's nothing dramatically changes here in the next day. Handful the months so that is part of the problem here that is all integral to the difficulty that all the parties are trying to resolve here behind the scenes and. You know, we'll see here to what extent that his reporting on this issue is correct. And whether it is only one of many other types of proposals that are on the table somehow..
"five billion dollar" Discussed on MAD MONEY W/ JIM CRAMER
"Health business for five billion dollars and. Coast now finish digesting that aquisition. But this division was never going to get the valuation deserved as long as it was berry within a massive, one hundred and five billion dollar drug company. Now that along cousin independent entity, at least the reticent practice, he still owns eighty percent of the stock. They're focused on investing heavily in their fastest growing categories. Three quarters, the companies aren't de budget's going to companion, animal disease prevention companion, animals therapeutics, and what they call the future protein business meeting, yummy, chicken and fish. In theory, I like how this company looks, but what about the practice then you lied on the actual numbers. Here is a little rough because along coast financials are hopelessly entangled with you. I will. He's in the perspectives they flat out tell you that I quote it is impractical to estimate what are stand alone. Cost would have been for the stork periods presented end quote, I found that baffling I mean, but with that caveat mine, the numbers don't look that great. Lanka sales have pretty much been flat for the past three years, which is suppressing company that's got exposure to both the humans ation. Pets and the world's veracious appetite for after tight for protein in comparison wettest has high single digit sales growth, and I'd x. is consistent livered low, double digit growth, art. How about Rx when you get the gap number Ceuta speak a long, been losing money for the last three years on her just a basis that problem. Even those adjusted metrics have been all over the place, but investing is all about the future not to pass. So how things look for long going forward? I gotta tell you. Well, I liked it. They're investing companion, animals and the fish poultry segment of the livestock business also little worrisome. Why? Because the one area that along doesn't call out as growth categories. Actually, the largest business ruminants and swine, think pigs cows, goats, sheep, that division accounts for forty percent of their sales this year. It sounds like even the long coz not exactly enamoured of their core business. So where do I come down on this one? Give it a long search, fifty, percents. I trading put back. I just a hair over dollars. I think it all comes and evaluation. I liked it. This vetinary drug company is doubling down on the unionisation of pets and absolutely be buyer, no doubt about it came down the right level. So what is the right level? Okay. Before we talk about valuation need to reiterate that these are all back of the envelope calculations. We're still in the quiet period following the IPO meaning analysts who work for the investment banks that took a long co public can't come on for another four weeks. Normally value stocks, consensus earnings us. But there's no consensus here because there's no coverage. However, if we double along pro forma earnings from the first half of the year to get an annual number stock selling for about thirty six times this year's earnings, getting very rough calculation even. So if it's even little accurate along co is more expensive than the wettest that's puzzling. What is less than twenty nine times earnings and it's much cheaper though than either x at almost fifty seven times or any sort. Of course, I'd have scissors that valuation got wrapping growth. I don't think that the along Kovalev can really be justified unless the company stagnant revenue growth really starts picking up here. Maybe that'll happen. Maybe once the analysts don't rolling out coverage, expensive, see something I didn't see give the company's much higher estimates, make it stock. Look a heck of a lot cheaper. It's possible, but there's something else that worries me here. Alot Lewis stones, eighty percent of a long co and they're eventually going to tribute that stock to their own shareholders. When that happens early next year. Well, it could create some real volatility that you've got to be ready for it. So here's the bottom on as much as I liked corporate breakup in humans. Ation pets and and the rising popularity of chicken other proteins. I can't recommend Longo health right here..
"five billion dollar" Discussed on BizTalk Radio
"The. Investing public right it's a good. Name for it fraud Knowingly misled knowingly lied So look I don't know how this. Is gonna play out I don't know what the SEC is going to do my best guess is that gonna, censure and find them and they'll be a settlement without. Admitting or denying. Guilt, I don't know I tend to just back away on. Something like that As always you can decide Marijuana He had the thunder and lightning out there who. Man so, marijuana Let's. Talk marijuana I'm going to. Amsterdam in November the house will stay calm. Coffee shops there I'm not even going to mention the name of the marijuana stocks slash companies but one. Of them got an investment from. Constellation brands in the last week. Or so they had another good move. Today I. Just want to point out something I'm looking at one, name right now that has. Seven point five billion dollar market cap Okay Seven, point five billion dollar market. Cap With eighty five million dollars in, sales let me repeat that, seven point five billion dollar market cap but let's be fair constellation brands did say that they, can invest up the four, billion dollars, and then there's another name Which, has sales of twenty two million dollars by the way both companies lose money with a three point, three billion dollar market cap with, twenty two million in sales, so I'm just letting you now and just so you know the reason why I'm not telling, you the names is because There funky You, know you you can Google the words hot marijuana stocks or something. Like that I'll just let you guys do just letting you know what the valuations are on, some of these, things as you never know what kind of maniac you're gonna get And again we'll let you decide on whether these things work Next I have to mention.
"five billion dollar" Discussed on WBBM Newsradio
"The noon business hour and this afternoon we're putting the spotlight on fortnight and competitive video gaming gaming which is now a one point five billion dollar industry we're joined by michael packer who is analyst at wedbush securities in los angeles welcome back to the program michael thank you chris tell us about fortnight it is a huge hit it is and you know i think the they kinda caught lightning in a bottle i mean it was very smart of them to take a game that was for sale and not selling very well at that fifty or sixty bucks and turn it into a free to play game it had been built as a very cartoony team with violence that is what they call comic mischief so you hit somebody over the head and they go down but there's no blood there's nothing bad and it just says you're out of the game and you know so parents feel okay letting their kids play cartoony kind of violent games and because it's free it attracted a giant audience i estimate third about one hundred and fifty million monthly active players and probably have four or five hundred million tried to game and it's monetize ing incredibly well 'cause they've been really smart about how to charge for things in the game the let's talk about the monetize did do the players have a fee now it's all free and the opportunity to buy things all the things that you can buy in the game don't help you but one of the things that they did that was pretty innovative is they made it a third person view so you see your character in the game as opposed to a first person game where you're looking down the barrel to gun and because you can see your character and because you're playing multiplayer with other people you have some type of incentive to dress your character up so they offer outfits which they call skins in in the game and with where they were particularly innovative is that they made each skin a scarce resource so they only offer them for a limited period of time or limited number of skins and then the other renovation is they charge a lot for them so you can pay as much as twenty bucks for skin and other games have been charging between one and five dollars for skins and they weren't particularly scarce this game was smart because when you you know if you passed up on the leopard skin and then a few weeks later you saw somebody wearing it and saw that look really good it wasn't available store anymore so they sell you skins they sell you a cosmetics to make your weapons look different so today there was a picture of pick ax me out of balloons which again is silly you the game takes place on an island and you have to parachute into the islands so they created gliders that you can buy that have streams of different rainbows or clouds or other things they have backpacks that you can buy it and you could pick up stuff that you collect on the way in the game so it's been really clever as far as offering cosmetic items that don't help game play but allow players to show off to one another and it looks like they're doing north of two hundred million a month in revenue so it's pretty impressive that they have apparently you know somewhere between five and ten percent of their gamers paying and paying more than ten bucks a month so it's a really really impressive mons asia in terms of financial juggernaut how does a fortnight compared to say second life or world of warcraft or other kind of games where you live inside this world you have your own avatar you can dress it up i mean what is this place in the in the greatest hits fortnight probably monetize more so far this year than second life has in its history world of warcraft average is probably about gosh probably about a billion a year fortnight looks like it's about that big it's probably gonna crack a billion its first full year my guess is little more moderate into the one and a half doing range but it's up there with league of legends up there with classic lands as the most successful game ever you know out of the gate we'll see how long that's sustainable because obviously they're going to attract a lot of.
"five billion dollar" Discussed on 10 10 WINS
"Still no budget deal in trenton governor murphy remains at odds with legislative leaders he has repeatedly said that he wants to tackle major long term problems such as fixing nj transit i will not put forward gimmicks and games that i know are ticking time bombs and call it a day we did that for eight years and look where that got us according to nj dot com murphy and a kennedy was willing to face in his proposed hike in the sales tax and raise the income threshold for socalled millionaires tax after several meetings murphy and lawmakers could not agree on a deal so tonight the legislature went ahead and passed a thirty six point five billion dollar budget one that murphy has already threatened that he might veto the nypd is announced three member panel to perform a top to bottom review of police disciplinary procedures lawrence burn is the nypd chief counsel the outcome we on first and foremost is if there are ways we can improve the process and make it better than we think this panel help us do that a fresh set of experienced independent externalize is always good for an organization the panel will have one hundred twenty days to review the process and to make recommendations which will eventually become public seventysix fair in midtown ten ten wins accuweather four day forecast overnight partly cloudy low sixty five in the city upper fifties in many suburbs tomorrow any sun gives way to clouds but it will be comfortable high seventy five friday night mostly cloudy bit of rain and drizzle late lows sixty three saturday mostly cloudy a couple of showers and a thunderstorm into the evening seventy three sunday partly sunny warmer and humid with an afternoon shower or thunderstorm in the area high eighty seven it's seventy six and fair in midtown ushering in the new season in style this is how new york city welcome summer we've music.
"five billion dollar" Discussed on WORT 89.9 FM
"Jobs that will move anywhere right i mean has anybody actually vetted the technology here and why why is a state of wisconsin making of four point five billion dollar bet on this particular um screen technology versus other screen technology much less and you know any other sector we already have sectors here that are doing very well and we have advanced manufacturing here we've shut biotech we have an emerging health tech cluster with you know we there are a lot of we have agriculture here um so there are a lot of sectors we have they're doing well businesses who are following laws and are paying taxes and we would do so much better if we were investing money and policy proposals in helping our existing businesses succeeding gro and helping make it easier for people to start new businesses because again that is where the new jobs come from and those jobs are not going to go overseas they're not gonna go down to texas um and they're much more likely to be higher paying family supporting jobs with benefits uh then um you know race to the bottom type uh jobs that that you see chasing these kind of big tax breaks and even see even the idea that a big bigger business or corporation that wasn't chasing a tax break you be you your focus would be that more stability come from small smaller businesses well it i mean it does it absolutely does but i mean look walker cannot stand there with a straight face and say that he cares about jobs or low taxes or fiscal responsibility or anything else because the amount of jobs in the best circumstance that we would get from foxconn we would have had those jobs and they would have been way better paying jobs and.
"five billion dollar" Discussed on Black Agenda Radio
"Two billion or local incentives that is a local property tax mostly in local sales tax exemptions on top of the big five billion dollar package from the state and if safeguards are not put in place if the existing residents of newark do not get a shot at those jobs we know from lots of studies that the vast majority of job takers will be from someplace else and they're gonna come in and they're gonna make a great paycheck and they're gonna raise housing prices and raise rents and that's going to fuel more general vacation there that's right shouldn't would spread throughout the city and even beyond its borders with something as massive as amazon ansari amin if they're seriously got a higher fifty thousand people and we've always been skeptical of that number they employ about forty thousand now in seattle but even if they hired twenty or thirty thousand that's an enormous impact and use gal key ladies that in these types of deals the actual cost the cost to the taxpayers of every job that is subsidize is sixunder than fifty eight thousand dollars we have these megadeals these mostly nine and pin bigger deals and new jersey has given up thirteen of these under the outgoing the former governor christie these megadeals are always losers for taxpayers that is if a subsidy packages worth six hundred and fifty eight thousand dollars per job which these megadeals are that means to break even the average worker in aid.
"five billion dollar" Discussed on KOMO
"Five billion dollars for a wall you need walls system she need roads you need redundancy unita fix all fencing so we're not going to build a nineteen 100 mile wall but twenty five billion dollars can be spent wisely because the gang of eight bill spent forty two billion to secure the border so we're not going to build a wall and places it shouldn't go the bottom line is this is a credible offer by the president on pathway to citizenship is a breakthrough he's getting a lot of push back from the hard writing and he's getting pushback from a lot of liberal laggers ed advocacy groups so i think he's trying to threat natal were not going to cut legal immigration and a half and give all the green cars at the high tech sector the economy we're gonna have green cards for the entire economy we're gonna have a diverse nation were not going to limit people coming in the country from norway or your they're gonna come from all over the world based on merit and we're going to have people who are diverse and skillset of diverse okay that combination i i just want to stop you right there and i i listen to you carefully but is this going to happen by february eight there will we see another government shutdown we're not gonna see a government shutdown the one good thing it came from this myths last week as were now focused on immigration i think without the dust up we wouldn't have a commitment to move forward on february the eight were really have the march fifth here's what i think there's so much answer syntex in this problem the presence mater credible puzzle we're gonna get their we're going to give a pathway to citizenship for one point eight million dreamers who have been well vetted we're going to do something substantial on the border we're not gonna cut legal immigration and half will deal with chain migration in two phases beginning in phase one so the bottom line is i'm optimistic at the president continues.
"five billion dollar" Discussed on KSFO-AM
"Now pitched amazon uh amazon's looking for new hq so or a second hq is the case baby so two hundred thirty eight different places across north america have made a pitch this is going to be a five billion dollar hq it's going to have fifty thousand jobs fifty thousand there was that one town in georgia said listen you guys come here we will name the town after will it will now be amazon georgia which i think would probably be your best bet i'm just i'm just saying this is this this this kind of competition works well for everybody that's one of the things a lot of young lip well older liberals understand this but they would admitted young liberals just don't don't understand it right and that is competition does always lower prices competition will always reducedprice it just competition just makes things better so they're looking for financial amazon has stipulated it was seeking to be near a metropolitan area with more than a million people so they need to be near a metropolitan area with more than a million people they have to be able to a top they have to be able to attract top technical talent okay checkcheck be within forty five minutes of an international airport jack have direct asset access to mass transit csak k and be able to expand the headquarters to as much as eight million square feet and the next day eight cheer casiraghi a dissipating a little growth generous tax breaks oh good well let's see here here we go ready generous tax breaks and other incentives can erode a cities tax base for the winter it could be worth it since amazon headquarters could draw other tech businesses and they're well educated highly paid.
"five billion dollar" Discussed on Six Pixels of Separation - Marketing and Communications Insights - By Mitch Joel at Mirum
"A million dollars a month and it was it was one of those things that i think today like over five billion dollar company i don't even think the company would be in business today if we hadn't if we hadn't really optimized that full customer journey rather than just just marketing channels you say at the standard value heard stick where we both sort of laugh at that but isn't part of the thinks spend a lot of time there too that they actually often confused marketing advertising and branding right right so yeah exactly if if if you define marketing in a way where you are where you're including product as part of that definition then i think growth hacking as kind of a term doesn't really matter that much it's it's it's not adding a whole lot of value it it might be a little bit more emphasis on a process of rapid experimentation but i most marketers aren't experimenting at quite the level that they should be but that that would be probably the only sort of minor knit on on the difference between marketing done the right way versus marketing the way that most people do it has this concept of hacking growth growth have marketing has it transcended the sort of tech marketing issue john like have you seen people deploy this like maybe a bad example large cpg or small mom and pop or do you really see the nuts and bolts of how you get velocity happened purely when it's sort of the best way i would explain to sort of like a digital product or service yeah i think the most obvious place for it is is a sassy product software is a subscription product where you if you can't retain customers in a subscription based business you're not gonna be able to grow that business and it becomes very obvious so that's leads people to manage the customer life cycle a lot more so that's where i think it most obvious where it applies but even l'oreal in in february they they brought a lot of their country managers to los angeles and silicon valley with a whole week of focus on learning growth hacking learning what it was all about so i think the interest is there i think that larger more stabbed companies are having a hard time actually applying it in their companies because of the way they're organized in in individual silos and super early stage company like when i was at dropbox less than ten employees much easier to bake it into the culture in the process from from the beginning but a lot harder when you're when you're trying to get disparate teams the work together across that customer journey to to experiment improve improve growth that's interesting so you're confident that that it works more organizational team not what it is that you're selling part of the thing that i got you got new book called hacking growth was it just felt to me as i was reading it and looking for the examples that when you shift out of that sort of sas silicon valley ephemeral digital thing that that's where the hurdle was but you seem to believe it's happens and the organization team yeah i think it's in both places so a company like l'oreal or any any company that works through distribution channel it's now you have not just across teams but across organizations across actual companies that are managing different parts of that that customer journey that becomes really hard but i think the i think for for a lot of companies it's just literally that customer journey sits in different silos in the business and what facebook is really the pioneer with with figuring out this cross functional growth team that manages experimentation across that full customer life cycle journey and i think there's there's a ton of power in that and one other piece with that is that they come down to a single metric of value metric that everyone in the organization is evaluating their efforts on how it impacts growth of that metric and so when you find a single success metric it helps to align teams a lot more as well so you have lori l or someone else looking at this you and i think both have similar life in terms of go in we speak do our key knows we're very excited i might be in a more mature world in terms of broad digital marketing but they're interested in it but against the deployment and the implementation like i've had this conversation with eric reese from the lean startup the organizations.