21 Burst results for "Foster City"
Techmeme Ride Home
"foster city" Discussed on Techmeme Ride Home
"Aimed for professionals, <Speech_Male> which <Speech_Male> retails for $1500. <Speech_Male> <Advertisement> <Speech_Music_Male> <SpeakerChange> <Music> <Music> <Advertisement> <Music> <Advertisement> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Advertisement> Speaking <Speech_Male> <Advertisement> of companies, <Speech_Male> head faked by <Speech_Male> COVID times, maybe <Speech_Male> Amazon isn't <Speech_Male> having second <Speech_Male> thoughts about its grocery <Speech_Male> business or <Speech_Male> at least it's <Speech_Male> retail arms. <Speech_Male> <Speech_Male> Amazon CEO Andy Jesse <Speech_Male> says the company plans <Speech_Male> to go big on <Speech_Male> physical retail <Speech_Male> in 2023, <Speech_Male> blaming a <Speech_Male> lack of normalcy <Speech_Male> during <Speech_Male> the pandemic for its <Speech_Male> <Advertisement> stumbles. <Speech_Male> <Advertisement> This is from the Financial <Speech_Male> <Advertisement> Times. <Speech_Male> Pulling back its expansion <Speech_Male> plans on grocery <Speech_Male> led to a $720 million <Speech_Male> <Speech_Male> impairment <Speech_Male> in the last quarter of 2022, <Speech_Male> Amazon <Speech_Male> said this month <Speech_Male> as some of its Amazon <Speech_Male> fresh grocery store <Speech_Male> locations were closed <Speech_Male> and new openings <Speech_Male> paused. <Speech_Male> Remember, a lot <Speech_Male> of these open right in the <Speech_Male> heart of the pandemic, Jesse <Speech_Male> said, so we haven't <Speech_Male> had a lot of normalcy. <Speech_Male> We're experimenting <Speech_Male> with selection. <Speech_Male> Check out <Speech_Male> formats, assortment, price <Speech_Male> points. I'm <Speech_Male> encouraged we have several <Speech_Male> that I think are promising <Speech_Male> end quote. <Speech_Male> Revenue for Amazon's <Speech_Male> physical story unit <Speech_Male> has broken out in its quarterly <Speech_Male> earnings reports, <Speech_Male> has grown only <Speech_Male> 10% since <Speech_Male> the whole foods deal <Speech_Male> and represents <Speech_Male> just 3.4% <Speech_Male> of Amazon's business. <Speech_Male> We're <Speech_Male> just still in the early <Speech_Male> stages, Jesse said, <Speech_Male> we're hopeful that in 2023, <Speech_Male> we have a format <Speech_Male> that we want to <Speech_Male> go big on on <Speech_Male> the physical side. <Speech_Male> We have a history of doing <Speech_Male> a lot of experimentation and <Speech_Male> doing it quickly. <Speech_Male> And then when we find <Speech_Male> something that we like doubling <Speech_Male> down on it, <Speech_Male> which is what we intend <Speech_Male> to do, end quote. <Speech_Music_Male> <Music> <Music> <Advertisement> <Music> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> Finally, <Speech_Male> <Advertisement> today, Amazon <Speech_Male> zooks <Speech_Male> says it's <Speech_Male> fully autonomous <Speech_Male> vehicle carried <Speech_Male> staff between <Speech_Male> its two main buildings <Speech_Male> and Foster City <Speech_Male> California Finally, <Speech_Male> <Advertisement> today, Amazon <Speech_Male> zooks <Speech_Male> says it's <Speech_Male> fully autonomous <Speech_Male> vehicle carried <Speech_Male> staff between <Speech_Male> its two main buildings <Speech_Male> and Foster City <Speech_Male> California on public <Speech_Male> roads <Speech_Male> for the first time, <Speech_Male> quoting Bloomberg. <Speech_Male> Last <Speech_Male> week, the electric vehicle, <Speech_Male> which doesn't have a <Speech_Male> steering wheel, <Speech_Male> ran a mile long route <Speech_Male> carrying staff between <Speech_Male> Zeus's two main buildings <Speech_Male> and Foster City, <Speech_Male> California, the company said <Speech_Male> in a statement. <Speech_Male> The firm will now <Speech_Male> operate a shuttle for employees <Speech_Male> on the same trip <Speech_Male> while it seeks additional <Speech_Male> clearances <Speech_Male> to expand its service <Speech_Male> to the public. <Speech_Male> The company said the robo <Speech_Male> taxi trip marks <Speech_Male> the first time that a <Speech_Male> vehicle designed without <Speech_Male> human controls <Speech_Male> has carried passengers <Speech_Male> on a public road. <Speech_Male> Zeus's <Speech_Male> driverless testing permit, <Speech_Male> which
Daily Tech Headlines
"foster city" Discussed on Daily Tech Headlines
"23 S 23 plus and S 23 ultra broke records for pre orders in South Korea with more than 1.9 million pre orders in 7 days. The Galaxy S 23 ultra alone has 650,000 pre orders or about 60% of all pre orders. The S 23 received 23%, and the plus got 17% in South Korea preorders came with extras like free storage upgrades, free wired, and wireless chargers, smart things stations in Samsung store credits. Meta's oversight board said Tuesday it will expand the types of reviews that it makes for content moderation cases and expedite some decisions. The oversight board was created back in 2020 and has 22 members that review both Facebook and Instagram's own decisions on whether to take down certain content. The board said in a blog post that to date, it's published 35 case decisions, going forward, expedited rulings could happen as soon as 48 hours after accepting a case, be reviewed by a panel of board members instead of the full board and won't consider public comments. The VR headset maker big screen announced the beyond, a PC only had said that offers two 5 K 90 hertz oled displays, but Wiz just under 6 ounces. Now, you might want to know how the company got the weight down so much. It doesn't have any knobs for fitting or diopters instead offering custom fits through a face scan on an iOS device and uses custom prescription lenses. It also uses steam VR base stations for tracking and requires an optional audio strap for built in headphones. It doesn't come with controllers, but it works with anything supported on steam VR, available for pre order now for $999, shipping to the U.S. and Q three, Canada, and Europe in Q four. Amazon's self-driving startup zoox announced that it carried passengers in its fully autonomous electric vehicle on public roads for the first time on a one mile stretch between the company's two main buildings in Foster City, California. Zeus planned to run an employee shuttle along the same route while it works on clearances to expand its service to the public. Zeus's vehicles are designed without the need for human drivers or traditional controls or petals and can carry up to four passengers at a time. On the Foster City route, it can travel up to 35 mph. According to a study by marketplace pulse, Amazon's average cut on each merchant sale surpassed 50% for the first time in 2022. This included Amazon's sale commission, as well as optional logistic servers and advertising on Amazon itself. Marketplace pulse began sampling seller transactions back in 2016, it previously found that while sellers paid more to Amazon per transaction each year, this was largely offset by new customers and strong annual sales increases. But 2022 saw Amazon's lowest ever sales growth. The information sources say that TikTok may soon let creators charge fans $1 or more to view their videos. TikTok is also reportedly working on the creator fund two to pay creators with more than 100,000 followers to keep them using the platform. TikTok also wants to tap into its older audience. In 2021, a Pew Research study found that just 21% of U.S. adults use TikTok and may respond better to more polished videos. The security camera company Arlo had previously announced that its end of life policy would go into effect on January 1st, 2023, which would result in out of support cameras losing access to free 7 day cloud storage of camera recordings. The first model would go end of life on April 1st. CEO Matthew McRae announced on Twitter, Arlo will not remove free storage for any existing customers, and will extend the end of life dates of further year. McRae also committed to providing security updates through 2026. Arlo previously announced it would end other features for the older cameras, including email notifications, and E 9 11 emergency calling. So it's unclear if these were extended as well. The U.S. Department of Defense research agency darpa announced Monday that its AI algorithms can now control an F-16 in flight, making it an autonomous plane. Darpa says the plane will still fly with a pilot, but hopes going forward that quote, the human pilot focuses on larger battle management tasks in the cockpit with AI controlling the jet and providing lifelike data. Ace is one of more than 600 Department of Defense projects working on AI for U.S. defense programs. And finally, Microsoft officially retired Internet Explorer in June of last year, but today is going to step further by permanently disabling the browser through a Microsoft Edge update on most versions of Windows 10. Exceptions include Microsoft's long-term servicing channel for Windows 10 and versions like the Windows 10 China government edition. Microsoft's MS HTML and trident engines will still be supported and the company says it will support IE mode in edge through at least 2029. But overall, okay, let's do it. Let's consider IE 11, not just mostly dead, but dead dead. Four more discussion of the tech news of the day subscribe to daily tech news show dot com. And if you enjoy daily tech headlines, tell a friend to check it out. Happy Valentine's Day everyone. I'm Sara Lynn and we'll talk to you soon.
TuneInPOC
"foster city" Discussed on TuneInPOC
"Minutes to go ahead of the closing bell. We've got the Dow, the S&P nesta all our stocks declining across the board now, had been swinging between gains and losses, but right now red on the screen. This after the biggest route since November, investors continue to reassess valuations amid the fed's latest signal that it will move aggressively to tamp down inflation at one point we did have NASDAQ down 185 points down 1.2% NASDAQ composite index now down 21, drop there of one tenth of 1%. The NASDAQ one hundred index also down one tenth of 1%. S and P 500 index lower little change down three points now down one tenth of 1%. The Dow has been lower all day down now by 165 points down by 5 tenths of 1%. Tenured on 5 30 seconds ten year yield now, 1.72%. Gold down $21 the ounce of 1788 dropped there of 1.2%, Bitcoin moving lower by 9 tenths of 1% 43,227 on Bitcoin, crude rallying 2.1%, 79 49 a barrel. So again, recapping ten year yield 1.72%, S&P down three now, a drop of just about one tenth of 1%. I'm Charlie palo that is a Bloomberg business flash. Thank you so much for that update Charlie pellet. It's three 48 on Wall Street. The following is an editorial from Bloomberg opinion. In the years since the January 6th attack on the U.S. capitol, the government has responded better than might have been expected. Law enforcement agencies have charged at least 700 participants. Congressional investigators have interviewed hundreds of witnesses. In federal courts have resisted efforts by former president Donald Trump to deny Congress access to documents and testimony. Such progress shows the resilience of America's democratic institutions. It also underscores the need for the House select committee investigating the attack to quickly complete its inquiry. Its chair representative Benny Thompson has said the panel only plans to release interim findings by the summer. That risks extending the probe deep into 2022. The committee should instead complete its work and issue an unredacted public report well ahead of the November midterm elections. The rest will be up to the voters. This editorial was written by the Bloomberg opinion editorial board. I'm David shipley, for more Bloomberg opinion, please go to Bloomberg dot com slash opinion or OPI and go on the Bloomberg terminal. These has been Bloomberg opinion. Yeah, but you let me drive. Oh, no. No, no, no. This is not a toilet. Honey, please. Out of the driving drive old. Excuse me, I want to drive. It's a good question for drivers. This is the drive to the clothes. On Bloomberg radio. All right, just about ten minutes left in today's trading session and it's been an interesting week already here in 2022. Still got another day to go. We've got that monthly jobs report. Let's get to it. The drive to the close, Alan zafran founding partner in co CEO at IQ capital with us. Once again on the phone from Foster City, California. First of all, Alan, happy new year from Tim and me. How are you? I am doing great, Carol. Happy new year to you, and I can tell you, thankfully, the build isn't shaking like it was last time. Oh yeah, that was great. Yeah, that's small earthquake last time. You're on the phone with us. Although the markets are shaking. So that's what's shaking right now. So doing great, actually knows the sound terrible. Nice to see a little turbulence and weakness, which if you happen to have a constructive longer term view, this is the time to step in and increase our considerate, maintaining that increasing your equity exposure. So you get squeaked by this, but buying opportunities. This is the time though. I mean, we're only down. We're only down 3% on the NASDAQ year to date. Are you going to expect more buying opportunities in the coming weeks and coming months? You never know for sure and of course in the stock pickers market as well. Some of these stocks, particularly those stocks that aren't earning anything anytime soon are interest rate sensitive or down far more than 3%. Of course. If I were a long-term investor, I would be beginning to dollar cost average in being a buyer here. If I held stock exposure already, I would not be in a panic. I would be looking for a venture the way to increase my exposure, particularly to U.S. equities and particularly to growth oriented U.S. centric businesses because once we get through the stimulus of the pandemic and our economic growth decelerates, we are going to get back to the world that looked like before 2019 and 20, which was a slow grinding economy, which was why these large cap tech companies that grew despite low economic global growth still did quite well. So that is selectively where you still want to be looking. It's interesting that you say that, Alan, because certainly it's a big part of the conversation has been what the $1 trillion tech route that we've seen in so many names here in this first week of the new year. And so names that have been driving, especially those big tech names. You know who they are. This is an opportunity to maybe get in at a lower valuation. I think so. Again, nibbling of that everyone's going to say, oh, no, that's balanced from Silicon Valley talking his book. But no. What that is. Well, where have you added? Where have you or where did you tell people to add? I'd say in the last 24 hours. People were saying, don't panic. We think this year, U.S. equities will once again do better than non U.S. equities, both emerging market and international non U.S. developed markets. Because of better growth. Because of better growth? Yes. In fact, you're going to get me to punchline a different way. We think Europe is going to be very weak economically. It could even go into a recession. And China is struggling to grow economically. That actually will be forces to keep long-term interest rates down. I think this rise we're seeing in yields is two a degree a head fake. I'll be surprised if at the end of the year the ten year is as high as it is today at one and three quarters percent. Really? Therefore, therefore, I am willing to buy large growth stocks. Now, I still would rather be in companies that really generate earnings. I hate to say this to many companies that have recently gone public because they are far more sensitive to interest rates in its debt outlook is wrong. They will get hurt further. But your safe plague isn't you're not buying reveal men. You're not buying rivian. No. No, that was not what I would recommend because obviously the earnings aren't good. Trying to derive a valuation model when a company doesn't have earnings is incredibly complicated. And again, evaluation is based on a discounted cash flow model and the higher the interest rate, the less the value of the dollars buys a ten years from now. Therefore, the company isn't worth as much in my model. And that's why I sell that stock. If I'm buying the large cap quality names, they're generating earnings that can figure out on multiple updates. Because I know we're going to have you back on later this year several times before the end of the year. Give me that where you think that the yield on the ten year is going to be by the end of the year? I think it's going to be around one and a half percent. There's two different things going on with interest rates. First of all, we have all those long-term secular things we've had slow growth. We have aging populations in the developed countries, which is your Japan and the U.S.. You have globalization which is still around. We have tremendous technological progress pushing down prices. Those are the secular courses. On top of that, growth is going to decelerate as we go through the year. And most importantly, there is a tremendous correlation between what happens with the German bond market in the U.S. bond market. It's a global bond market and when Japan, Japanese ten year bonds, you'll be nothing and Sherman bonds are yielding negative. People roll into the US Treasury market. So I am not fearful that we're in a wage spiral inflation that's going to decimate the
Bloomberg Radio New York
"foster city" Discussed on Bloomberg Radio New York
"Bloomberg business flash. Thank you so much for that update, Charlie pellet. It's three 48 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board, with just a few weeks left the summer of 2022, has already breached some alarming milestones in the northern hemisphere. Globally, June and July of this year have ranked among the warmest months ever recorded. Unfortunately, such trends are likely to worsen due to climate change. So how can the world prepare for the hotter summers ahead? The most important step is to keep up the fight against global warming, including by slashing emissions and boosting investment in green energy and related technologies. Measures to aid the poor should also be a priority. Police affluent tend to suffer the most from extreme heat. One can only hope that this summer's blistering heat will only underscore the urgency to act. The editorial was written by the Bloomberg editorial board for more Bloomberg opinion. Please go to Bloomberg dot com slash opinion or op. IN go on the Bloomberg terminal. This has been Bloomberg opinion. Adrenaline. Yeah, but you let me drive. Oh, no. No, no, no. Honey, please. I'll do the driving drive on. Excuse me, I want to try it. It's a good question for the tribes. This is the drive to the clubs. On Bloomberg radio. All right, we have about ten and a half minutes left in today's trading session and we've been bouncing around in today's trade. Right now, just turning off our highs of the day. We're in the green and you heard from Charlie palette on all of those major averages, but just up a tad Tim. Well, we're very pleased with to have with us this afternoon, Alan zafar and his partner. We're a little wacky. Yeah, we're a little wacky to Alan, but that's okay. I mean, Alan, don't forget that Alan zafran, one time when he was on air with us. There was an earthquake in California. That's right. Oh my God, good memory. Allen, it's good to have you with us. How are you? I'm doing great. It looks like the markets are shaking too, but straight up recently, right? Yeah. You haven't got some big laughs from the control room there on that one. I like that. Alan Scotty partner and co CEO at IQ capital joins us on the phone from Foster City, California. So it's puzzling to me, Alan. We have fed officials coming out and saying over and over again, day in and day out. We got to raise rates to combat inflation. We're nowhere close to being done with that. In similar phrasing. But yet the market marches higher, what gives? Well, what gives Tim is the fact that technicals are once again ahead of the fundamentals. We see a time and again. So if you believe the stock market with this incredible technical flush upward, we're having the fed is going to get it right. We're going to thread the needle. We're going to avoid a recession. It's what the stock market is signaling or at a minimum, the recession will be so shallow that you won't actually see it earnings recession companies will continue to grow earnings like 8% a year and will mitigate all these concerns and we'll get through this scaring. We'll be back to a more normalized world. That's what the stock market is telling you. Do you buy it? I buy that the likelihood of the fed three threading the needle as much greater than it was a month ago and the reason I buy that is you're finally getting inflation readings that are heading down. You're getting consumer surveys indicating that their belief inflation is heading down as also the case. You're getting confirmation from independent sources conveying that the fed seems to be attacking this problem well. You also get it from the standpoint that it's been an interesting time. It turns out, and in this earnings estimate, overall, earnings expectations heading into the end of the year have only been cut by about 2% heading into this earnings season, the market was pricing in about 15% cuts in earnings expectations. And so what's going on is earnings revisions are far less bad than what everyone believes. Of course, you get target target or you get selected companies and sectors that are disproportionately hit and revised downward. But in aggregate, you're still at a point where you're getting a significant number of companies beating. In fact, it turns out 75% of companies have actually beat estimates and on average by about 4% this quarter. And so that's what's going on. Earnings aren't as bad as people fear. Inflation is starting to come down. You had a remarkably oversold short term. Technical condition and if you do read the chartists and technical analysts that are out there, they'll tell you that the set up right now is for a continuation of this rally. As one example of Bank of America does a survey of the fund manager survey, right? Yeah. There's still reading a zero, which is historically been incredibly bullish. So too many investors caught two bearish and two quick time frame and technical indicators are that this market is likely in the short run to move higher. We've talked a lot about the retracement, right? From peak to trough, 50% retracement. Of that and how that that is a positive indicator for more upside to continue Alan and yet that's a pretty significant retracement. So it does make me wonder, when do we, when do we think that maybe things are getting a bit ahead of itself, especially when you have somebody like Neil kashkari who was
Bloomberg Radio New York
"foster city" Discussed on Bloomberg Radio New York
"You very much Appreciate it Yes Given that there are a 100,000 The answer is yes All right A joint press conference between President Biden and German Chancellor Olaf Schultz they were in the east room of The White House And obviously the majority of their press conference dealing with the increased tensions and moves that we have seen by Russian forces along that Ukrainian border was interesting and certainly pertinent to our Bloomberg audience is President Biden says that if Russia indeed invades Ukraine they will no longer be Nordstrom two This is this massive pipeline that really connects Russia to Europe And is really crucial in terms of getting that gas out to Europe So that's a big deal It is I am just going over some headlines here Carol No doubt about Germany's partnership with the U.S. President Biden said no doubt the Germany is a reliable partner The president also said that Biden that Putin excuse me would pay quote heavy price for any invasion and did reiterate that it would be wise for Americans who are a Ukraine to leave Yeah exactly But it did seem that the two of them talking about the unified relationship if you will between the United States and Germany certainly that was questioned by some members of the press community But the president saying as you said no doubt about the Germany partnership with the United States So unified against Russia Hey want to get to a headline now that just crossed the Bloomberg terminal Peter Thiel is planning to leave the board of meta the parent company of Facebook to pursue Trump's political agenda Peter Thiel was a very early backer of Mark Zuckerberg So certainly a big deal that he's leaving the board Yeah that's pretty interesting and it certainly sparks conversations and questions about what is the Trump political agenda going forward in what universe is it in the political world or is it in the media world or a little bit of both All right let's remind everybody that we indeed have seen the markets close on this first trading day of the week It's going to be another week full of economic data including a read on inflation in terms of the closing numbers S&P finishing down 17 points the Dow up just one point and the NASDAQ down about 82 points finishing just off their lows of the session those major equity averages Yeah but for the Dow not moving enough to have any sort of impact on the percentage change It's finishing unchanged for the day Yeah I mean not to think you see everyday Carol No no but I don't know It's interesting to me It's been moving around a little bit but definitely off its best levels of the session So let's get to it with Alan zafran founding partner in co CEO of IE Q capital on the phone from Foster City California Hey Alan nice to have you back Thanks for your patience as we awaited just listening to that press conference from The White House So what are the key things that you are thinking about in terms of this market environment Carol Tim hi Hi Another news filled day Yeah Yeah Markets focus on long-term fundamental and we can all get shaken by short term headlines and geopolitical risks and one off earnings disappointments or price increases move stocks to the upside like in the case of Amazon You just can't get shaken I mean if you want to take a geopolitical lens for a minute because we just heard from President Biden America is still dominating and that gets expressed in the financial markets U.S. markets still trade at 21 times earnings the Euro market trades about 18 times earnings are less as does Japan's market So Russia's trades at single digit So that's telling you something And if you look at a bigger lens the long run technological transformation is going to continue to lead to productivity changes which leads to wealth creation which leads to better outcomes in the long run for owners of companies And that's what stocks constitute But you have to ride all the crazy chaos of tightening fed cycles and geopolitical risks along the way That's the price for the higher potential return Silen have you made any changes in 2022 to your outlook Because we have spoken several times in the last few months and I'm wondering given the choppiness between last time we spoke with you and what we're seeing right now have you changed your strategy at all Good question The answers No But I encourage people to take a much longer term perspective And I think it's different if you're a day trader Right It's very clear that you're in the midst of a transition at least to some extent from a liquidity driven easing cycle to what's not going to be a tightening cycle And it's always going to be choppy but I do believe the market is overly draconian overly hawkish overly tilted towards an out of control spiraling inflation probably which is not going to take place I think there's going to be clear evidence as we head in the second half of this year that the inflationary pressures are dissipating that can give you all kinds of reasons why Even if you want to tell me things like the U.S. employment wage rates going up at 4% of problematic I remember productivity growth is trying to get 2% That's certainly only a 2% core inflation rate And you're going to have what's called the base effect So as we move month over months which will compare year over year inflation on the marginal decelerate supply chains will get unbroken and you will see that the pressures on a lot of these prices will begin to dissipate And all the concerns about as many as 5 6 7 rate hikes this year will prove to be two pessimistic And so that is really what creates the buying opportunity here Right The high quality company But timing is tricky and we talked about timing is tricky certainly for the Federal Reserve There's a lot of pressure on them to do something Many would say that they're already behind the times when it comes to raising rates to rein inflation We're going to get a very hot print on CPI this week but having said that as you say and anybody who's a student of economics understands that we know why the supply chains are so out of whack We understand that And the question is when do they write themselves The expectation is they will go back to normal so there aren't so much pressure price pressures but having said that Alan we're talking about these Amazon stories and these other stories of people companies that are raising wages that are going to be sticky And so you do wonder what impact that might have longer term Well it does tell you that you're going to have in the short run some margin compression you're seeing several companies signal that Right You have to realize that COVID really in a way was another form of a war if you will and in times of war you get temporary inflationary spikes but they end up in the stagflation environment on the back end of that I don't think this is any different I think what's going to happen is on the back end of this you're going to see clearly that you've already seen things like port delays along the West Coast or declining sharply delivery times or accelerating order backlogs or increasing inventories or ability to quickly prices paid indices are starting to drop There's actually signs already That allows you to place your pressures are beginning to dissipate And so the wage pressures will be offset by productivity increases technological advances in on the back end of this company's will readjust And so I think you still have to look at high quality franchises that can pass the price increases or the cost increases of their components in the short run off to their consumers in the long run they're going to benefit when the other price pressure is dissipated Or you.
Bloomberg Radio New York
"foster city" Discussed on Bloomberg Radio New York
"Thank you so much Let go on Apple and apple were still waiting for their earnings Amazon is added you know stock definitely lower here in the after hours Let's get more of the results their business back with us Pablo Donald president and chief and analyst at technics research based in Foster City California joining us once again on the phone from there bab How are you I'm good Carol how are you Doing well doing well Let's get to it Amazon investors a little bit disappointed Do you think they should be Well I mean obviously expectations were pretty high and the misses were I think bigger than a lot of people have expected And frankly given how much people have been buying online I think there was this thought of between online sales and of course AWS which has been this machine of growth and income for them that things we continue to be very good Look they were still the only numbers are still super high This is part of the problem where the law of big numbers now Very hard to continue growing when you're as big as you are as they are But obviously things like supply chain issues undoubtedly has probably had an impact And in fact the early comments out of Andy Jesse suggests that part of the reason why the forecast for Q four is a bit low as well It was in fact the additional costs I mean look they've been building up their supply chain Nobody does this better than them because they have such a huge supply chain across so many places And we've seen the company evolve over time in the same way that they build up AWS which was a home built tool for them to then turn into a product They've been building up their logistics business as well to eventually to the point where you can imagine that becoming a separate capability for that But bottom line is when ship starts slowing down they buy planes and they ship things over I mean these are the things that a company of their size does And that's what their A little bit of technical problem there Yeah we're going to work to get Bobo Donal president and chief analyst at analysis research And the metaverse that would not have you went there But shares of Amazon after hours down about 4.3% Yeah I mean the headline is Amazon giving that forecast for holiday sales that fell short of analyst estimates signaling that the pandemic's boost to online shopping continues to fade So yeah that's it Bobbo Donald I think he's back with us Bob please continue in terms of your thoughts on Amazon And I'm not sure where the glitch occurred But I had mentioned you know they were given the issues with things like shipping containers and boats They buy planes and they stick products on planes to get them over Because they've been preparing for this ever since prime day of the summer they prepare for the holidays They hire hundreds of thousands of people They said a million people applied for jobs as part of their career day So they clearly recognize the challenge that they are going to have and that they're going to be cost involved And that's why I think again I know where to cut off by adjacent I think they're going to be spending a lot of money in the near term on people on logistics on flying products over as necessary from various places of manufacturer in order to make sure they can deliver the things that people are going to be expecting from them in Q four Bob let's think about what Amazon has done over the course of its relatively short history It's been able to go into spend mode and when it's in spend mode the profits certainly take a hit but those but that tends to pay out for investors a few quarters later a few years later Yeah I mean whenever that for years and years and years in fact exactly to your point to him that they were not making any money at all despite huge amounts of income because in fact they were spending on the infrastructure they felt was going to be necessary in order to build the warehouses and the distribution systems and everything else as well as of course for the cloud side investing all the computing hardware they needed to run AWS And so you're absolutely right I mean there's a long history of doing this at the company They see this as another time when they need to invest significantly more Both for the retail and online operation as well as clearly for AWS And then as they start to build up some of their other businesses advertising which is obviously there's much lower costs associated with that So that's easier But a lot of the businesses they're in are very resource dependent and resource heavy in terms of costs And let's not forget I'm looking at our right through on this The last line of the story Amazon Web Services AWS S the cloud computing unit that brings in most of Amazon's profit posted sales of 16.1 billion up 39% It's such an important thing to be in mind If you think about Amazon's revenue it does not come from AWS the revenue but the profit absolutely does Way higher margin So again they invested for years in AWS before they were able to get to that point But yeah that's been done and they're continuing to do it That market to be fair is getting much more competitive between Microsoft and Google and IBM and other folks getting into the cloud business But Amazon still clearly the leader and that market thankfully for all of the parties involved it continues to grow Right exactly And as our Erica clock that we talked from the dynamic brand funds he said he'd be buying on the weakness and we do see Amazon down 4.4% after hours 30 seconds left for you bob metaverse meta Facebook What's your takeaway Well you can't help but think that this is meant to be a distraction from all the issues that Facebook has had And I think it's going to be confusing to a lot of people I mean look just as Google renaming the parent Alphabet really at the end of the day didn't have much of an impact That's probably what we'll see with meta But initially it's going to be confusing because they're so focused and say oh no we're metaverse first When the vast majority of the world is not.
Daily Tech News Show
"foster city" Discussed on Daily Tech News Show
"Each in seventeen. A new five nanometer arm server chip at his annual clouds summit and you the company plans to use its own data centers in the near future with no current plans to have sold commercially. This alibaba's stirs semiconductor design since two thousand nineteen. Netflix beat expectations for subscriber. Growth in q three gaining four point. Three eight million subscribers reached in two hundred thirteen point six million worldwide. Netflix had only expected to add about three and a half million. Beat it by a nice mount. Netflix expected to add a point five million subscribers in q. Four that's about the same as it added in q. Four last year. That was going to bump around the holidays. Part of the unexpected surges attributable to the popularity of squid game which netflix confirmed in its earnings report has been viewed by one hundred forty two million households. It has been the number one program in ninety four net flicks countries. I watched it amazon. Self driving car unit. Dukes will begin testing a fleet of toyota highlander vehicles equipped with this autonomous system in seattle. Now zouk zouk skews currently test vehicles in las vegas several cisco and foster city california hopes the seattle test will help prepare the tech for a wider range of climates also. The news for most of us is amazon. Has a self driving car. Unit called exactly. Yeah yeah and an exchange. Trade fund is a way to hold an investment in a thing without having known the thing. So for instance gold if you invest in gold exchange traded fund you get the benefit of the price of gold going up if it does Without having to have a vault to store your gold in the first exchange traded fund for bitcoin launched on the new york stock exchange tuesday under the stick ticker symbol bidault b. I t. oh so if you want the thrill of rising and falling. Bitcoin prices without having to actually buy and keep any of it in actual bitcoin wallet. Now's your chance for those who are into that sort of thing it's worth pointing out. That ditto does not actually hold any bitcoin itself unlike the exchange-traded funds which usually do it backs it's exchange traded fund with bitcoin futures contracts. That's the only way the sec would.
Museumspodden
"foster city" Discussed on Museumspodden
"In maimi mentally or this long long tip pup pay the two dollars at that so the initiative dust bodman also contact a. You were because to talk to one on the on with cockpit over the dow hill community told me you know owned also bodies to houston. Listen to set up in foster city. Both intil taller. Who said sought. You'll have an for salafi into voter. Yeah stumps anton second sheepdog. Thanks to saudi. Open morton's in them on unions capozza Difficult to at least scope some new tunis showing and therefore dispense. Skin elliott folks salukis salukis to be told shoving the way. And so my hope somehow lists talk for ships in keeping with the Some knows all too and some people said soccer toll also against the Of us to see that. The insulin dole execute the best attila doors of within Hen thapa colts nest Yet he knows you come vis that. Come to a hit. Thought to hook a a seattle can have long Conciseness snacks coming on sunday. Author to santo mushiun. They're also in needing a e in a sheep shoulder of they're still turnout. Cessna score nathan golden society then issued Tov spa two point is up top. So does the bought field. This took fav combat case. The pastathon awesome often. That's almost salty. And there's a long detect set also held monday. full milk. look talk. Yes how candy inning coast necessarily shaft also hidden costs nested mushy net than did focus the hindle than invitational set til bahari humour tucked away. That's the tokenism. You all shattered. Not an also said the thatch bench. A couple assured was monarch to come. You operatives shy told them is comfortable tennis time. Elephant viki fill in for hits kept spending own. That's sheep some lunch. Shifts hall must've skin. Must've i think conscious ship. Talk mammal.
KNBR The Sports Leader
"foster city" Discussed on KNBR The Sports Leader
"Lifelong friend Tom Tober. President with one of the most famous people in human history, nine. Gonna do that? No. It's like it's like you wouldn't even get a Maga hat. You would just walk around with just a regular plain red hat. Yeah, exactly. Wait working with a literal crazy person. They fitted cap or is it a That's a little connector on the back? Adjustable adjustable snapback. You're listening to the top Children show you know you can listen to t k B on your smart speaker. Just say to your apple pod play K NPR. Not seeing new crashes. Plenty of old ones and a lot of cars from the tilt narrowbody traffic desk still have an injury. Rex South 8 80 before Bashar as you head towards the one on one interchange very slow from 2 37, and an accident is is still in lanes in Los Gatos. South found 85 before 17 traffic is backed up all the way to d'enzo and badly eastbound 92 slow out of foster city packed from the high rise of the San Mateo span. All the way out to his Sperry in where the right lane is still blocked with an injury wreck top of the bay. There is a private event at Sonoma Raceway That could explain why East found 37 has been so gnarly for the last two hours from right after the Petaluma River Bridge to 1 21 leaving the city A mattress is being dragged off near Treasure Island. It is jammed from just north of 2 82 the Bay Bridge. For thousands of years, sea otters thrived off our coast. Scientists say these charismatic creatures play an important role in our marine ecosystem and help keep this critical habitat.
KGO 810
"foster city" Discussed on KGO 810
"Called. They went looking for the bear. Sometimes using drones couldn't locate it. Officials speculate It may be a hungry young bear out looking for food. Let's check traffic around the Bay Area. Heather's looking at your ride. She had an accident on Highway 92 some general traffic around the Bay Area and her report has sponsored by Juniper Networks. You might want to opt for the Dumbarton Bridge if you're crossing to the East Bay from the choke, not a body traffic desk about 45 minutes. Go. We've got an accident. Eastbound 92 coming down the decline. And only the left lane is open. So traffic is backed up pretty badly to foster City Boulevard again either switch bridges or put off your trip. You could go to that Bridge Point mall there. I think they have a tar Jay and, uh, Starbucks Westbound 80. There's still slow traffic from Golden Gate fields to the maze with a friend, Ben Fender Bender near University Avenue on the shoulder. Eastbound is still moving just fine for your commute away from the Venetia Bridge. There's an accident North 6 80 near Bayshore with a bit of a fuel spill, not seeing heavy traffic as yet. Very much seeing heavy traffic out of San Francisco from Cesar Chavez to the Bay Bridge. Companies from a to zoom run on juniper networks with the ability to handle all that video traffic from your six a.m. with London to dinnertime chats with mom, It's no wonder the fastest growing companies trust juniper from data centers to WiFi driven by a I get results at juniper dot net. K g. 08 10 Weather forecast breezy conditions again today and tomorrow are highs for tomorrow. Much like today, mid fifties we'll put it to the low seventies instead of the mid seventies, and.
KQED Radio
"foster city" Discussed on KQED Radio
"Running unofficial weight loss programs. Also, members of Congress considered their security after the January 6th attack, and we get a preview of Ford's electric pickup truck. It is Wednesday, May 19th 10 years ago today, then President Obama endorsed the idea of a Palestinian state based on borders from before Warren 1960 seven's. The News is next. Life from NPR news. I'm Janine Herbst. There is no let up as the battle between Israel and Hamas enters its 10th day, Hamas spokesman tells NPR's morning edition They stop fighting if the Israeli stop their aggression, but says it will defend itself. Israel says the attacks will continue. Meanwhile, President Biden and Israeli Prime Minister Benjamin Netanyahu spoke Tuesday for the fourth time in a week as NPR's Scott Tetreault reports, Biden has come under increased pressure, particularly from Democrats in Congress to call for an immediate cease fire in his talks with Netanyahu. The president still has not done that. But the White House readout of Biden's phone call revealed the firmest line. Biden has taken yet as Israel has continued airstrikes and other military campaigns in Gaza to counter Hamas rocket attacks. According to a readout. Biden quote conveyed to the prime minister that he expected a significant de escalation today on the path to a ceasefire. Biden and his administration have been focusing on behind the scenes diplomacy rather than public statements and demands. As they've navigated the Middle Eastern crisis. Scott JETRO NPR NEWS The White House New York's attorney general, is opening in a criminal investigation into the Trump organization. Andrea Bernstein from member Station W. N. Y. C reports former President Donald Trump and his company are now facing two criminal probes. New York's attorney general Leticia James had been examining whether Trump's company violated civil tax laws in New York in a scheme to save Trump money. If you prove her case, Trump could hood this State million's. Now the stakes are higher theology has tasked to assistant attorneys general to join the Manhattan D a. Cyrus Vance Jr in his expanse of criminal fraud case. Vance has been sorting through millions of pages of Trump's taxes and other records. He has an intensifying investigation of quote possible protracted criminal fraud. Trump has denied wrongdoing and call the prosecutor's politically motivated. For NPR News. I'm Andrea Bernstein in New York Tonight, Ford unveils its new F 1 50 pickup and all electric truck. They're calling the Lightning. NPR's Camila Domino ski has more. The auto industry is betting huge quantities of money on a transition away from gas and diesel vehicles toward electric ones. Governments are promoting the shift because moving away from gas and diesel cars is a critical part of any plan to tackle climate change. Investors are on board because of the example of Tesla's runaway success Right now, Battery powered cars make up less than 3% of U. S sales. But they're also haven't been a ton of options. So the pivotal question is as more electric vehicles come on the market. Will drivers want to buy them? The F 1. 50 is America's most popular vehicle, so the fact that this truck is getting an electric version is getting a lot of attention. Camilla Domino SKI NPR news Well. Street is down sharply. At this hour. The Dow was down 477 points. NASDAQ Down 142 This is NPR Live from KQED News. I'm Brian what law enforcement officials say the shootings early yesterday that killed two young women riding in a party bus on Interstate 5 80 in Oakland were targeted. Oakland Police chief Laurent Armstrong says it was the second shooting of a party bus within a month. There are individuals one of those places that maybe they have, you know differences with or in an ongoing feud with an innate target these Busses to commit the shooting, so I don't believe that all bus is unsafe party Busses and believe that these specific shootings were targeted. California Highway Patrol says the first shooting took place by Interstate 5 80 at Seminary Avenue, the second near Foothill Boulevard and 68th Avenue. CHP says multiple people on the bus were wounded. Local pro Palestinian activists are declaring victory after an Israeli owned shipping company decided not to dock a ship at the port of Oakland this week. Laura his Oney is the executive director of the Arab Resource and organizing center. Her group also led protest in 2014 at the port against the ship operated by the same company, Zim Integrated Shipping Services his want, He says they were ready to act this week. In response to a call for solidarity from Palestinian labor groups becoming aware that there's been operation was that productive week, especially in the political climate. We've put out a call to action. To mobilize the block the boat as we call it once again, Zim representative in a statement said, Dude operational constraints, the ship had to adjust its schedule something the company has had to doom or recently because of high port congestion. Congestions. I'm Brian What KQED news Support for NPR comes from molecule maker of molecules air purifiers using PICO technology. Each device is designed to fit seamlessly into homes learn more of molecules spelled with a k dot com code. NPR And the listeners and members of KQED east of Half Moon Bay Highway 92. That's where Joe McConnell is headed. Next. Ah crash, including a medical emergency has 92 shut down east of Half Moon Bay, nearly Mose Farm. This fire was reported about 20 to 30 minutes ago, and they were letting some travel go through, But now they've shut things down while CPR is being performed on one of the people involved in that. Foster city Clear the crash East 92 in Foster City Boulevard. It was blocking two lanes. In fact, always for a while, they just reopened. It is starting to have recover. Westbound San Mateo Bridge rubberneckers. They're still backed up more than eastbound, though. And San Francisco. Those breakdown we had eastbound on the bridge entrance.
Bloomberg Radio New York
"foster city" Discussed on Bloomberg Radio New York
"At this moment. Is Apple Charlie breaking down? The numbers the quarter the stock is up about 3.8% in the after hours. Big headlines Apple authorizing an increase of $90 billion to its existing buyback program. Second quarter revenue Big beat huge beat 89.58 Billion Person estimate of 77.3 billion billion if you go through all of their product lines and business sectors. Big beats, and there's a swell. Let's get to it, though. On what you need to know about the quarter from Bob O'Donnell, he's president, chief analyst technology this research he's based in Foster City, California, and that's where we find him on this Wednesday. Bob Nice to have you here. Griefs a lot. I feel like today, but it looks like a blowout blockbuster quarter. Yeah, absolutely. And you know what's fascinating when you look through is there was a lot of focus on what services we're going to do. It looks like services did Okay, but really the big stuff was Goodall, iPhones and Max. I mean, you know Those are the things that are really crushing it for him. And you know, from a regional perspective again, obviously, just going through this live here, But the China numbers are also looking really good almost double from a year ago, so that's That's a clear sign of the fact that the iPhone 12 having five G. That's what was critical for China because five the networks are very widely available than China and without a five D phone, Apple was at a real disadvantage. So the iPhone 12 selling through China and clearly in big numbers, that's gotta be a big portion. The reason there and then Max the M one that's apples custom ship that they created. Based on arm architectures. They've done in this for the iPhone. But they introduce that last fall for the Mac. And clearly they had a lot of success with that. Of course, just last week we saw them introduce. I am one based. I'm Max and even brought the M one to the iPad. So you know, I've got this custom silicon story that Apple's telling, um We've got five g story that Apple's telling and look the service businesses. All these other things are also doing well, not that they're doing they're not doing as well right. But those that's kind of the traditional apple business is that the one seems to seem to be the snouts. Hey, hang on for a second just got it's been talking about an overflow of news day. But it's all good stuff. Amazon just crossing the Bloomberg terminal to boost pay by at least 50. Cents to $3 an hour to over 500,000 of its staff members ruling. Papers from mid May through early June to invest over a billion dollars in incremental pay for certain staff. We probably will hear a little bit more about that tomorrow when the company reports its latest quarterly results. Amazon shares that we just take a quick check here in the after hours up about 8/10 of a percent and just quickly want to mention Verizon exploring a sale. Of its media assets, including a o L and Yahoo. This is coming from Dow Jones. Yeah, could value Verizon meeting media has it that 4 to $5 billion, So ah lot going on Quick check, though, of the stock here in the after hours. Here's a horizon Just down a hair down about 1/10 of 1% Any thoughts on Amazon of arise in there, Bob? Well, you know, the interesting Amazon they've been. They've caught a lot of grief lately. In terms of you know, there weren't place standards and and everything else, but it's another interesting data point just came out today is the Amazon was ranked as the number one place to work by linked in linked into the huge study of Top 50 companies to work at in America and Amazon came out number one and people was also in the top 10 18 T was in the top 10 IBM in Alphabet. Verizon was also I believe in the top 25. But anyway, you know that I think is interesting segment. We'll see what happens with the Amazons. Ernst. Yeah, exactly. And I know we've been here at Bloomberg Business Week, doing a lot of reporting about and Bloomberg News. Just Jeff Bezos thinking about his legacy, you know? Oh, and what's to come? And so thinking a bit more broadly about that. But thank you so much really appreciate you breaking down Apple with us. Bob O'Donnell, president, chief analyst at technology, this research on the phone from Foster City, California. Apple once again revenue profit topping estimates, iPhone MAC iPad sales, all exceeding expectations and the company boosting its buyback program by $90. Billion stock up about 3.4% the after hours Right back to world A national news. What's going on on this Wednesday over to Nancy Lions in.
KNBR The Sports Leader
"foster city" Discussed on KNBR The Sports Leader
"Come on, let's take a three together, right? See everybody. I feel like once a day she goes. Think of three I don't know what your meditation is. Sometimes you just gotta live near a basketball court at a park I did growing up. It was my meditation. There was a park at the end of the street. Whale Park and Foster City had one full court on it. And when things weren't going my way, or if I just needed a little quiet time. Just grab a ball. Go down. They're sick of three. Take a three man now there was no. Three point line on On the court there because you know, this was in the way back machine. Everybody wasn't In love with the three back then. And the NBA didn't even have you know the line has moved in all of that, anyway. Um Good to go sink a three You hear that sound? Unless, of course, you're one of those playgrounds with the net has been pulled down repeatedly. That said about Mr Curry, who put in a rid dunk. Ulis three pointer right before halftime tonight. Just stupid. Stupid like one. I mean, just that, you know the highlight real the handle putting guys on skates and then pulling up from way beyond the line with hands in his face. All nylon beautiful. Have a very unpopular Steph Curry take tonight. And I want to say I'm sorry, but I'm not sorry, because it's just a opinion. No big deal. Not the M V P What? Yeah, not the M V P of this league and actually Is not really even in the top three conversation now. Here's where I'm going. The national media is actually right along with what I'm saying the Bay Area in all of us is going. How on earth look at the metrics. Steph Curry take him off the floor. And the Warriors are a hot mess. Well, hang on second. This is the same argument that we used to rally against. Right number James Harden scoffing at the idea that anybody but him was the M V P Because If you take hardened off the rock, it's just a bunch of dudes. We're like, Yeah, that's great, But your team is not all that wonderful. And, uh and your stats are often empty. Steph Curry's phenomenal If we want to make up a new award. I'm cool with that. Most outstanding player. Um The player who comma If he leaves, comma has his team fall apart. I mean, sure, you can win that award. But whose central tweeted out today N Ba m v P tracker. And while this is not official, it's kind of taking the temperature of the NBA media. One Yokich, too, and beat three LeBron. Four. Greek Freak five Kwai six. Anthony Davis seven. Lillard, eight Durant, nine Gobert Live Hand Paul George, and you're like, Okay, He's not in the top. 10. Luck is probably in the top 10. I don't know about all that. It doesn't matter to me who comes in 8th 9th or 10th. The bottom line is this recent shove Of Steph Curry should be warranting M v p consideration. Look, there's just something that The totally strikes him from the record. 12 and 11. The N V P award. Don't work that way. It shouldn't work that way. By the way, Quick pause Mark with the show can be our candy rfm, San Francisco these sports leader. Thank you. Thank you. Thank you for hanging with us tonight. You know SARS a little bit later on this hour. I'll get to the kindle thing here in the second as well, But but because this was brought up, I want to. I want to address it. Like You can't be on a 12 and 11 team and win the M V P Or even really be considered. It doesn't work that way, And it shouldn't work that way. And one of the biggest things that happens in an M V P debate is you have two people who are barking at one another. Whatever Their position is on who the M V P is, But they're actually arguing completely different points because they come from different schools of what the M V. P is. M V P. Debates are born out of a lack of understanding of what the M V P award is For a lot of people. It is that thing that I mentioned earlier. Take this guy off the team. What do you have left? I don't care. That has nothing to do with anything in my mind. And it shouldn't you know what that tells me? That means you're getting extra M V p votes if your teammates aren't good. Want me that That's not the way it works. I'm not taking any VP. Voting away from Let's say, for instance, LeBron because Anthony Davis is on his team. I'm not doing that's not his fault. It's a good thing, by the way the same way none of us wanted to take N V P votes away from Durant or Curry or whoever when they were all playing together. We didn't want that. So this isn't a vote of who's the best player who has crappy teammates. That's not what this is. By the way, I'm not calling the rest of worries crappy, but you understand what I'm saying. This is not about who's got the best numbers alongside a bunch of players who are not in the national conversation. That's not the name of the award. It always comes down to the word valuable and then we go value toward what So is it value toward your team being relevant? Okay, then maybe that staff or is it value toward your team being a championship contender? That's where I vote. That's where my opinion falls. Like if you're not a top four seed, Sorry you're not in this conversation. You're not here. In my opinion, you are not eligible, and I actually wish they would kind of define it that way. Because there would be certain performances. Mike Trout comes to.
Bloomberg Radio New York
"foster city" Discussed on Bloomberg Radio New York
"The day. Dad pretty much just at Its best levels of the day and the NASDAQ off its highs and lows. Let's get into it with Allen's Afrin founding partner and co CEO and IYC Capital. They've got roughly 11.5 billion in assets under management and Allen joining us on the phone from Foster City, California. Alan Good to Have you here with him myself. How are you? Doing fantastic. Carolyn's him. Hopefully you've dug yourself out of the snow, and you're doing reasonably well halfway my car. My car wouldn't move this morning, Alan, but you know you're in California. So you you know you have little sympathy. You know, I don't get it. We paid the high taxes here, like in the earth, but we don't get the snow. Yeah. I don't want to talk about it. Okay? Tips. I'm a California scars frozen in a party literally frozen in apartment. My back hurts as a result s. Oh, gosh. What a week. Where do I start? Let's talk about Amazon because we are all in on it today. Safe to say, 24 hours ago or close to it. We were all shocked. By the news that essentially Jeff Bezos resigning as the CEO of the company, not going away, but you like and you look at some of these, You know big U. S companies some of these big U. S growth stocks. How do you see that news? I don't find it that surprising, um It looks obviously businesses that an incredible job unworldly one of the greatest business transformation we've ever we will ever witness. The timing is bad. Think of it this way. You took a company from nothing to you know a massive amount of value two trillion in value. Do you really want to be the person that tried to get up to four trillion in value? It's just not going to be is rewarding and the other issue For Jeff. You've got a lot of the business interests. He actually has a charity that he's trying to give $10 billion away from climate change. He's running the space business that frankly blue origin that's behind space X He's got an ego just like you do on musk, and you probably want to focus on some other aspect. And lastly, You know, this way? He's still got $200 billion of personal equity in the company. So when he's stepping away, not really, completely stepping away, he's got a team of 26 people backing and that's his estate. He's already been groomed to take over for him so far from being in a shock. It's kind of time for him to step away. Let the other people run the business, and he's gonna have plenty of strategic influence and insight going forward anyway. So it's It's time one number that we've heard. Ah, lot today. Alan has been $1.7 Trillion. It's the market cap of Amazon right now. And I know thanks to note from our producers that you think that future returns for both stocks and bonds, even right now likely constrained by today's elevated valuations. Um, what do you think is overvalued? I think the biggest thing that's overvalued traditional bond Not stocks, however. When you value stocks in the end, what you're doing is you're valuing the future cash flows, which were based on where rates are discount rates. Gamestop excluded from this Yeah, Yeah, I didn't use my surplus check to buy call options on Gamestop, like others. When you start to see interest rates rise, I believe that is the single greatest fundamental threat to the stock market. I don't think you're gonna see a rapid, dramatic and horrible rate rising rates because I think the Federal Reserve Gonna Slowly job bone and manipulate that rate to move up in a more orderly fashion. You'll get it coming up in fits and starts over years, not over months or quarters. Because rates eventually creep up. They compete with stocks or where capital goes, and basically, people pay lower multiples on their earnings on the stocks once rates go higher and higher. Or thought. Think of differently. You're president. Value is worth less when using the higher discount rate, future cash flow, So that's a long winded way of saying when you do the math if you thought you were gonna make 10% in the next decade on stock Maybe you're going to make 7%. It's not zero and it's still better a lot better than bonds, but it's probably lower than the 13% you made in the previous 10 years, which was higher. Been 10% here. So this decade, may we give back a little of the over return we made in the previous decade. Okay, So you're saying the Bach way? I'm sorry. So are you saying bonds with the better way to go? No no far from it. That could be clear. Think traditional bonds or not a terribly attractive asset class because you get you know what you're making the moment Goodbye. Which Treasury Bond right now is 1%, right? Mike wanted corporate bonds is about 2%. I do think Doctor didn't give you a much higher return the bonds but instead of making 10% per year, Okay, because I think eventually the price of the multiple dropped from what they are today. That reduces the return if you work it out in the mouth. What might have been a 10% return looks more like a 7% return. Because even though I'm paying 23 times earnings today, 10 years from now, someone's gonna pay 16 times those earnings. Earnings are going to grow a lot. 16 times. A lot of earning will work out to my money going about 7% a year but not 10% a year just like getting back to more realistic views per certainly when it comes to the equity returns, said fair, my historical returns. I think that's right. But one other important caveat. It turns out PE ratios. Evaluations literally have zero predictive ability over the next 12 months about where the markets are going. So even if I tell you the market Marginally overvalued versus averages. It could just get more of the values within the next year, and with all the stimulus it's been thrown in this economy and consumers being a great shape. I wouldn't be surprised if the stock market does better than 10% this year. I think all the conditions are in place for a very strong here. This year. Eventually rates will move up and multiple compressive it well. NASDAQ's rt of the linear NASDAQ's already at 5% year to date, So it's you know, halfway there, Um, I do wonder about when you think of portfolio construction. You think their opportunities away from traditional equities and fixed income private private real estate, private credit equity replacements. What? What are the alternatives that you're thinking about? Well in the world, like only make 1% after tax find high quality bonds. Sumika confined. The light vehicles either reeks either in the public markets or even in the private markets, if properly structured, could give me a good radio returns. It Turns out, there are firms that make private loans, the private.
KNBR The Sports Leader
"foster city" Discussed on KNBR The Sports Leader
"NPR, 1045 and 68. Ft Sports leader. Double overturn on the peninsula from the Children. Nobody traffic best This is north. Wanna one right near Whipple into traffic is backed up very badly, almost all the way to Marsh. It was in the two left lanes. They got into the right lane pretty quickly and are trying to drag everything off to that. Whipple offering South bound traffic is slowing as well. Passing the scene. Oh, and crossing on the San Matteo Stan eastbound 92 very heavy from Foster City Boulevard up and over the high rise because of Ah stall that is being pulled off. Also a stall on the signal grade or getting away from it. North found 6 88 84 traffic is backing up, too, and drop a pretty badly. For the out of my past eastbound 5 80 slows before Greenville headed toward Grant line and out of the city North found 11 pack from Vermont Street to the Bay Bridge. I need a little help getting ready for the big game. Lucky and Lucky. California have an easy way to score. Bring home our delicious game day deli platters starring your choice of wings, chicken tenders or King's Hawaiian sliders, Plus get all the fan favorites you need for delectable tailgating at home. Order your deli platters. Now stop by your neighborhood store or order online be kickoff ready with Lucky and Lucky California the Golden State of eating I've been an intensive care unit nurse for more than 20 years, and I've not seen anything like this virus. This virus is real..
WTOP
"foster city" Discussed on WTOP
"On the sidewalk there. They are very icy this morning. I'm going to tell you about our list of closings now and change is because of the icy conditions out there. Federal government is open and employees of the option of unscheduled leave or tell a work today in Virginia. Many school systems have decided to cancel in Person and virtual classes. Today. Classes are canceled in Arlington, Call Pepper Faqir loud in Spotsylvania, Stafford, Prince William and Rappahannock County, as well as in Foster City, Manasseh City, Manassas, Park City and Fredericksburg City. Fairfax County Public schools in Alexandria City public schools holding virtual on Lea Learning today also D C. Public schools are virtual. Only today. Indian, Maryland and Randall County. Public schools are closed today and tomorrow and classes and Carol Charles and free Trick counties in Maryland are also canceled. Prince George's county schools will have virtual learning. There is a two hour early dismissal for Prince George's in ST Mary's County. The public schools There are on a two hour delay, Washington and Queen Anne's counties will have virtual learning only today and in West Virginia, Jefferson County will hold remote learning. Only now, if you'd like to see the full list, go to w t o p dot com. We've got reporters out on road patrol this morning, giving us their first hand accounts of driving conditions. Let's start now in Maryland. Wtlv is John's OMON. Right now, the precipitation still falling is just a light misty rain, But the moisture on my windshield and on my windshield wipers is all frozen. It's gotten cold north of the city. And you can see that on the roads to along the shoulders and exit ramps. As you approach main highways. It's still kind of a sloppy, slushy mess. The main roads themselves. I to 70 even numbered highways in Maryland, for the most part, are all in good shape, but it's getting onto those roads making those turns. Going those exit ramps. That's where you're gonna find your biggest trouble spots. That's when you have to slow down and be careful in Rockville, John Doman w T o P News in Virginia and Road Patrol is w. T. O p S Neal Augenstein. He's in Fairfax County. If crews haven't gotten to your subdivision, yet, it can still be icy in your neighborhood. Precipitation is light on the roadways. This time of the morning here in Fairfax is well. Aziz, Loudon, Prince William and Fortier counties. It's mostly been freezing rain. Since temperatures have been.
KPCC
"foster city" Discussed on KPCC
"How could the Capitol Police have been so unprepared to deal with a violent crowd alert? That's father the biggest question out there. Obviously, the threat assessment system or process. Just didn't make it. And frankly, with so much out there that was open source of little bit surprised how underprepared they were. When you saw the protester creatures If you will going into the Capitol building, I would have expected they'd have tactical units standing by, you know, kind of out of sight, which big normal And they weren't there and they had not really substantially increased. The checkpoints demanding at the checkpoints, Frankly, Um, what they did have was read very insufficient for what they faced. And frankly, I don't know. I don't know It's that's an area that has protests all the time. So it's so much larger than this. Yeah, it's It's a normal thing back there is, as the chief of Metro said today. First Amendment expression in the Washington Sea region is a pretty common across No. Metro has at least three specialized civil civil disturbance units that are set up to do that. The wife, please question Proactively to be standing right is something of a surprise in Los Angeles and other cities that saw protests turn into conflict with law enforcement officers. We saw phone projectiles so called less lethal. Um, means of crowd control that were used, although there were some serious injuries caused by those Projectiles. We saw that batons were used in crowd control. We haven't seen all the video, of course, and we haven't heard all the accounts of what happened in these face offs between Capitol police and the mob that was breaking into the building. But did it seem to you like they were equipped with the same tools that Local police have to deal with confrontations in their cities. Some of the same tools. I don't know if they had all the same tools and and I don't know if the Capitol police are necessarily equipped with all the same tools, but what I didn't see Woz tactical units. You know the shields and helmets. The tactical, uh, dress uniforms, if you will that they use for those types of events. I saw was standard where I saw a baton and have heard about the use of pep, not pepper spray. But here, ass right? Tear gas. Yeah, I was gonna say CIA sets of military Trump but was used within the Capitol building. So there was some use of those tools if you will, but But frankly, they were just they were they seem to have been pretty much cut off guard. We've heard from a number of listeners who see this as police responding very differently. And what they would have if they were dealing with an African American crowd of people that had gathered to protest and and we're ready to storm the building. Do you think race plays a role in in their played a role in how law enforcement responded to this today? Well, I would say, uh, that's certainly something that's worth discussion. Um, but the other thing is it's Washington. See if you look back there spent time back there, you know that they have these sorts of that's occurring all the time. And, frankly, A city's go. They don't get too excited about a lot of this because they have protests from the capital in and around the capital in that other problems in town all the time, so You know, you're saying they were complacent because they have protest so frequently that they just under projected what was gonna happen? I don't want to say they've got a business as usual mentality, but they definitely were underprepared for this one. And they just What really well down to is that threat assessment process, which is very delicate on things like this because you're doing with the First Amendment protected activity at the same time, you're also trying to see if there's a You know, assess the threat and you're trying to collect information intelligence to see if there's a credible threat on buildings or people. Um, you could imagine the politics of place. Yeah. Incident when you talk about films Collection here in the U. S, and particularly with First Amendment activities like this. All right now you're breaking up a little bit, but I appreciate your being with us. That's how Kemper CEO of global risk Intelligence and planning. Let's take another listener call. Um, this is ah, Ian in Brentwood, listening to KPCC in Los Angeles in your observation about the day Thank you. I want to make three points briefly. Look, it's history. Kaczynski or Urban Ertegun, Mussolini. None of these people came to power by military coup. They were democratically elected once in office. They undermined the executions. That's what happened today. Who Biden needs to stand up. It's time for President elect Visor to give a speech 16 and bear leaner or Mr President held on this world he needs to speak up. Very forcefully. This cannot continue. Three. If nothing happens easily trump by the 25th amendment. Or trying for sedition. It will just go underground. And in four years you'll have a much worse situation and I appreciate your call. Thank you. Let's take another call. This comes from John listening in ST Paul, Minnesota to Minnesota Public Radio. John Go ahead place. Hey, Where is this real quick? You? I lost my friend. My best friend was Orlando Castillo was murdered here. It's seen after the Minnesota We protest here in Minnesota. And then we protest the killing of Jewish story totally different response. We were called anti fur. We were called Black lives matter. Terrorist domestic terrorists. Nothing we will protest in was police involved Killings of African American men right here today We've seen the real domestic terrorists a real and deeper There were no Tear gas candidates canister shot like they will shout. It has no rubber bullets was shot like they were shot at us here in ST Paul. Or any other time that someone protests police involved. Killings is like how dare you protest? My brother is the response we get from police officers. When we stand up and say we're tired of police involved killing today we saw the real anti For today We saw the real domestic terrorist and we saw how the police respond a little bit differently to black lives when they turn to say that black lives Really do matter. It e guess if you white you're right. And if you're black, you're on. And that's exactly how the African American families feel here today throughout the entire United States America showing his face today the real Patriots are the real terrorists here in the United States of America, and any time you protest police violence, you'll be met with tear gas. Rubber bullets, Mace canisters and police presence that's out of this world National Guard. You can't say they didn't. They didn't prepare right. They weren't prepared. What we saw today was police protecting their brothers. And they listen. Donald Trump in a secure the capital, just like that, If he wanted to, John, I appreciate your call from ST Paul, Minnesota. Thank you very much for being with us. Carina in Pasadena. Listening to, Kpcc says. I think this is a show of white supremacy in action. This is all about race. These extremists came to scare people. I hope this brings us to another point of reckoning with not only race, but social media and Shelly listening in Foster City listening to KQED says, I want to call out the cowardice today. After riling up his supporters. Now the president is hiding behind his keyboard. There's so much cowardice. That's Shelly listening to KQED in foster City in the Bay Area. I want to thank those of you that called in or tweeted your comments to us on this special statewide call in program. We appreciate your being A part of our conversation also want to thank The NPR member stations who picked up our broadcast live this evening, including Capt. Public Radio Sacramento, KQED San Francisco KPBS San Diego Case CEO Yu in 1000 Oaks KPCC in Los Angeles. And Minnesota public radio as well..
The KFBK Morning News
More than 80 clinical trials launch to test coronavirus treatments - Nature.com
"Okay this morning out of foster city Gilead sciences one of the highest profile clinical trials now under way for coronavirus patients generating excitement I want to read you one graph from the article the drug an injectable antiviral in it was given to in January to the first confirmed case of coronavirus in the U. S. a thirty five year old man in Washington he had returned from Wuhan China his symptoms worsened after a week in the hospital and then his conditions improve the next day allow after he received that injection so that is encouraging that is I especially since yesterday the CDC director said this he thinks the epidemic could last into next year so we're talking twenty twenty one and that they're preparing for a widespread outbreak of the seventeen hundred frontline medics they're caring for people in China six of already died so I mean they're they're sold the ebb and flow of this story is disturbing I mean in one day you feel like all maybe they're getting a handle on it and then the next day like yesterday when we said a thirty three percent spike overnight in number of cases reported Indiana as they change the way they recounted well whatever I am I know I know it's up and it's it's not you know ride disconcerting to say the least it's nice to know the US labs are working on something I think they are and that's some good news out of foster city
KDWN Programming
Man Wins $200,000 Lottery Prize en Route to His Last Chemo Treatment
"Note a North Carolina man is one eight two hundred thousand dollar lottery prize well on the way to his last round of chemotherapy W. T. V. D. television reports Ronnie foster bought that winning scratch ticket before getting treatment for colon cancer foster city claimed the prize Friday at the lottery headquarters in rally I he said he took home about one hundred forty grand after taxes he says he plans to use part of his winnings to pay for his medical bills wouldn't it be nice if you could just pay for a if you could do what he wanted with that money as opposed to having to pay off those medical bills but obviously congratulations on beating
Bloomberg Businessweek
Equities Cautiously Higher Despite Ongoing Trade Pessimism
"I got to talk to you about Todd what's going on today and even over the last couple days some pretty wild movements in equities broadly defined you know a sea of red it yesterday a sea of green today seemingly all on trade how do you see this going on especially as it feels like we're we're just trading tweeted tweet we are trading tweet tweet must wear in Argentina right yes fair point on you've got mixed signals the bond market with yields plummeting is scaring investors into thinking that a recession is imminent not just potentially overseas but even in America conversely we actually still have growth at very low if not moderate inflation in America and the traditional signals that U. T. as a recession looming are not present in the U. S. we've got full employment we don't have interest rates out of control it feels as if businesses are still growing earnings aren't any debt crises at hand and so investors are confused what to do in an environment where the bond and stock markets give big difference signal so in the context of confusion the volatility increases until such point as fundamentals play out and for the moment the fundamentals are arguing that earnings are still growing in America interest rates are not competing to aggressively with stocks and in the absence of evidence that this economy going to roll over chances are out although more volatile we'll continue to work gradually towards the up side until the weight of the evidence shows us otherwise Allen I really like that you brought it both the equity markets and the bond markets earlier this morning around the opening bell we were having a conversation about the dividend yield and then of course the bond yields and given the big sell off that we've had recently dividend yields again are starting to look more attractive relative to what some would say is a expensive bond market would you agree are you looking at a rotation into equities from bonds or the reverse I think you are seeing a moderate patient into equities I don't want to overstate that but what I would highlight is the way you described it as her out I could be a buyer of stocks in the US today I could earn a higher yield that I earned by buying a ten year treasury bond and I get all the theoretical potential upside of growth for the next ten years which bonds cannot give me so investors are looking at that relative the yield advantage on even on a risk adjusted basis as for like a free option on the growth of America over the next decade you're getting paid why you get that growth for ten years it was a fair that risk history plays out in your favor that's another way of describing what's known as the said model which is a just a different way of looking at the same thing in short even if you bought a stock market at call it eighteen times forward earnings you're getting about a five and a half percent earnings the yield on the dollars to put the stock market versatile little more than one point seven percent for a response that's a huge spread if you look over the last even twenty years that spread is less than two percent now you're getting three and a half percent so equity investors look at that today I'm getting very fairly compensated relative to the payment I'm gonna get a five by a conventional bond as long as they don't think this economy is rolling over I should feel pretty empowered buying stocks that's what that's the Polish argument the yield differential is compelling buy stocks and so what worries you the most for the balance of the year on well clearly the number one thing is you can't deny the political uncertainties tied to the trade tensions and if you really break it down I think when you look at the US and China there's the short term and the long run I think the trade tensions are significant because the uncertainty causes delays and CEOs for making investment decisions which in turn slows down the willingness to hire employees leads to confusion about we've goods and services to ship in where in a racist because some consumers that's all very bad economically that flows don't earnings growth the reason I say there's short term and long run is in the short run which I'm gonna to find is that next year the house until the November election of two thousand twenty apart the current administration and frankly all politicians do have an incentive to get the economy in good shape in front of the election and so there are short term incentives to find a mechanism to come to an amicable solution with China so I actually believe whether you believe it's substantive or superficial there will be a mechanism for the US and its efforts to stabilize the economy in front of the election cycle and for China can't afford to have its economy slow down too much there will be some mechanism to come up with some agreement the reason I say long term is it is in fact true we have an intractable separation China is aiming to become the second world power for the US the US are going to willingly give it away but it's a little bit of inevitability if there's one and a half billion people in China and it's growing rapidly it will eventually happen Alan there and take that long term challenger quickly here for the first time in my career I've heard murmurs of negative rates here in the US for that over into the financials which are the second worst performer in the S. and P. on a month to date without sounding hysterical R. U. S. financials at risk of facing a European like scenario with negative rates overseas I would absolutely say rate of the pressures are ridicule to drop lower and lower I would have to say that's the case it will bear the profitability but U. S. financial system is bitterly better position than the European system it's much stronger capitalization and I don't believe will be as impaired is the European financial system is but the profitability those institutions will be hurt if you'll continue to come down great stuff as always Allen's Afrin is founding partner and co CEO of I II Q. capital he joined us on the phone from foster city
Morning Edition
Judge says government on track to reunify families split at border
"Is. NPR news Six fifty and before we bring, you the California report Joe McConnell is standing by with more about. The Wednesday morning commute Joe might be troubles on six eighty and Alamos southbound north of stone valley road a, report of, an injury collision there and blocking the right lane westbound ninety. Two foster, city boulevard another crash the eagles are on the shoulder ambulance on. The way as precaution not sure. If anybody's hurt yet the Dumbarton bridge toll plaza westbound of stall reported their action at a stall bits of debris flying around with yellow caution tape and your, where it came from but it's affecting. Traffic slowing things down Joe. McConnell for, KiKi, Dee. All right Thanks Joe his report is brought to you by compassion international and he'll update us again just before the. Top of the hour the time is now six. Fifty one good morning this. Is the. California. Report I'm penny Nelson national park officials are shutting down a part of Yosemite valley due to a massive wildfire. Burning just miles away the closure is expected to last through Sunday and is forcing the cancellation of at least a thousand. Hotel and camping reservations Cal fire. Spokesman Richard. Egan, on the Ferguson fire it's hard to say time-wise if or when it will reach the park but it is. Getting closer Sam campers are staying in parts of the park that have not been closed including these visitors from Mexico wherever Care more. About the bears than about the fire the fire now, covers more than thirty seven thousand acres. And is twenty six percent contained meanwhile the trader Joe's employees killed during a. Shootout with police Los Angeles, suburb on Saturday was struck by an officers bullet LAPD chief, Michael Moore made the announcement at a press. Conference yesterday KCRW's Jenny Hamill has more store manager Melita Corrado died when two LAPD officers exchanged gunfire with twenty eight-year-old gene Atkins after he crashed the. Car he was driving and ran into the trader Joe's in Silverlake LAPD chief more shared this with the public I'm sorry. To report that we've now determined through. Our forensic investigation that one of the ostrich rounds struck, MS Khurana as she was exiting, the market it was in close proximity to active chief Moore said the, two officers involved in the shootout were devastated by the news I know that it is every officers worst, nightmare to harm innocent bystander during Violent engagement the LAPD released videos of the incident Moore said he is waiting for the investigation to. Be completed before determining whether any action should be taken against the officers involved but he. Said, he's confident their actions were justified for the California report, I'm Jenny Hamill in Los Angeles onto the border story now a San. Diego based federal judge says a large number of parents, separated from their children at the US. Mexico border appear to be unaccounted for and may have been deported KiKi Dee's. Alex Hemsley has the update, at a hearing yesterday judge Dana Sabrina criticized the Trump administration, policy that resulted in over four hundred parents. Being deported without their children he ordered the government to provide more information about them attorneys for the government say they're still trying to locate those and. Other parents who may be lost in criminal custody somewhere in the US the ACLU represents the parents it's asking for a. Stay to give them more time to. Consult with and their children before resume Zooming deportations, league learnt is the organization's lead attorney. On the case a critical point is that baby given time to discuss as a family what they wanna do their face with. Momentous decisions about whether leaves their child behind whether to continue fighting as. A family they need time together of the two and. A, half thousand separated children more than sixteen, hundred are on track to be reunited with family members by the courts Thursday deadline the parents of at least nine hundred of them are facing, imminent deportation, for the California report I'm Alex Emslie, finally people. With intellectual disabilities are seven times more likely to experience sexual abuse compared with others that finding was. Revealed in an investigation published by NPR earlier this year. The series showed a hidden epidemic of abuse occurring in schools homes and treatment facilities k..