20 Episode results for "Four Trillion Dollars"
Bringing an Inclusive Lens to Product Design by Google Head of Product Inclusion
"Welcome to the product. Podcast brought to you by product school. Here you'll get fresh insight from the people at the very top of the tech companies who make the products we love remember. You can learn. Product management live online visit product school dot com to discover our new certificate path. There you can also join the world's largest community of pm's and network with the leaders from these podcasts at our online event. There's something happening almost every day. I everyone i'm anne number tastes in. I lead product goal and so excited to be here with you all today and i wanted to welcome you to learning more about product inclusion. It may feel like a new concept. But it's really something that we can all have a part. So google we talk about building for everyone and so. How do we lean into that. It's really about making sure that no matter where in the world you live what color your skin is. How old you are or any of the things that make you you. You feel seen validated thought of in the product design process in when you pick up product so google's mission is to organize the world's information and make it universally accessible and useful. Product inclusion really leans into the universal art. We have billions of users all over the globe. And we wanna make sure that google is helpful to them in the moments that matter most when we think about product inclusion. We're looking at twelve dimensions of diversity. So things like race age gender ability socio economic status and more or also thinking about the intersections of those dimensions so using myself listening example. I'm a black woman. And i'm also attended. It's not like i'm black on monday. Left-handed on tuesday and a woman on wednesday. All of these things are within me and they affect time move through. The world affects how the world receives a definitely affects how i love products and so it's really important to think holistically about all of our users to make sure that the demographics that make them who they are our president and thought of throughout the design process. The tragedy of data means that. If we don't have an inclusive input and we won't have an inclusive output in important to recognize that technology can have bias if we're not intentional but bringing inclusive lands throughout the entire park design process. One thing that's also unique about product inclusion is that we balanced the business and the human case there's a misconception that underrepresented groups don't have power but as you'll see there are one billion people in the world with the disability. Us black consumers have one point four trillion dollars purchasing power. We're seeing record growth with mobile app usage and users. Coming online from places like nigeria. So it's really important to understand that as a business grows. It's important to think about a diverse set of constituents. Now i'd like to walk you through some of the findings on the research for the business case for inclusion that we've been doing over the past year the first finding is that there are four main touch points in the product inclusion system. And when you're thinking end to end about product design there are many touch points where you could bring inclusive. Let's but what we found were. That teams came back to these touch points time and time again and it really affected their output. Those four points are the ita User research design user testing and marketing faces so it may be that teams Marketing or user research and user testing or another combination. But it was really important that they took their learnings in cascaded throughout the process. Another interesting finding. Was that no matter who you are the majority of users for inclusive product design inclusive marketing. So it's not just that underrepresented groups want to feel seen invalidated. It's actually the majority of users wanted to see debris reflected in both products and marketing. The final point of research. That was really interesting. Was that teams regardless of makeup to build more inclusively so as we are all moving towards teams that represent the world accurately to note that you can be intentional about bringing inclusive lens regardless of your team's representation. So i think that this is really an exciting thing for all of us. We can all work to make products and services that accurately reflect the world. And it's about asking who and things what voices have historically been at the margins that you can bring to the center and really co create collaborate to make better outcomes for everyone. the next example is due alight. Which is our video calling feature. The team was very intentional about being proactive but bray inclusive lens from the onset and one of the things thought about was making sure that everyone was represented accurately no matter lighting conditions. It's important to note that skin tone is only one of the dimensions that they thought of you can think about people who may have why fibrous four g. access or who maybe are calling their friends and family by candlelight. It's really important to make sure that. Multiple dimensions of diversity are considered a now. I'd like to walk you through three principals of inclusion. So if you remember anything from this presentation. I hope you remember these three things. The first one is to address the user we talked about twelve dimensions of diversity and the intersections of those dimensions so things like age race ability gender and more really needs to come into the fold. When you're building for everyone and with everyone the second is to start with equity. This shouldn't be an afterthought checklist again. Think end to end about your product design process and wherever key points rican ask who else and bring bringing inclusive leads. The third principle is to continually test. It's important to understand that we're all on a journey and it's important to always be constantly iterating improving based on past results. You make sure that you're talking to the community and collaborating with the community ongoing process. It's not a checklist. are one end. Product inclusion works when everyone has accountability. It can't live within one person. One team it really has to be cascaded throughout google has taken a top down and bottoms up approach to make sure that everyone has a stake in building for everyone and with everyone and google's across the company are doing this work from ange two product managers program managers marketers and our leaders. Google across the company are driving product inclusion again. This can't just sit within team so it's important that everyone feels. They have a stake. We actually have two thousand googlers. We call inclusion champions with opted in to helping us test our products to build more inclusively. Everyone is excited about making sure that we're building for everyone. Everyone thanks so much for listening to the short presentation on products inclusion. I hope that it helps you. Think about building four everyone with and bringing inclusive lands to the work that you do every day. Thank you for listening to the product. Podcast if you'd like this episode don't forget to leave a review on i tunes for more product incites head over to product school dot com.
Overtime - Episode #512: Zach Galifianakis, Chris Cuomo, Rep. Elissa Slotkin, Dan Carlin, Donny Deutsch,
"Okay so here are the questions Zach are you encouraged by last month's ruling that North Carolina's legislative maps are unconstitutional. Welcome to an HBO podcast from the HBO Latent Sees Real Time With Bill Maher united or watch him anytime H._B._O. on demand for more information log on H._B._O. Dot com reason I like having the congresswoman on the show is incredible forensic background incredible incisiveness but not everything is about somebody else having to suck I'm very very care I well North Carolina's in both sides have done it for many years but I think in North Carolina oh it was so so crazy so crazy go I think that harshness is a false proxy for strength that's what this president is I think that you can be that people had to step in and say something and well just to give the stats I think there were thirteen legislative districts nine were Republican and the state was dead even yes so there you don't come to a gunfight with a knife if the guy's got a gun you gotta bring a gun I mean simple I mean it's a you know that's another reason why we have to worry is that the Democrats don't have to just win to win so big to overcome the cheating Democrats don't play dirty they need to learn in her analysis and I think that that's a big difference and I think there's an angle for that you know why does more editorial comments in that last segment Resin Harping on Donald Trump you could not obsessively focusing on Donald Trump was that I was a losing proposition which can't harp on his how Donald Trump is going to hurt and a strength there and that's what people follow the Democrats I have never seen a Democrat in this this group that projects strength and that's concerning okay everything being a nail and him being a and if you WANNA talk about how Democrats can win it's having a positive affirmative vision of the future instead of just a play a little dirty I mean at this when they go low we go hi loan go to the side and Nogi when they're not looking I mean that's the answer donald trump has his hat make America great again what's your hat and I think it's important that we articulate that especially talking about people's pocketbooks and their kids eight so much because even though there's a rape your with it you know there's an edge to it it's not everybody else has to lose for you to win and I think that that's what people are really hungry for their six opposite is is in fact don't go down to that level because you're you're selling yourself as the alternative you WanNa have a country where we don't treat each other that badly anymore vote for me if you want the country where we call each other I mean it really is the summary of what that is what is happening there it's politicians picking the voters yes and that's all it is versus anyway right Medicare for all and all these other things which are examples of trying to help people's real problems but they also get ammunition to the enemy or the other side who would say that socialized medicine or you know we have another socialist for the way playing dirty without using terms like human scum when I say play dirty play to win play play hard and they just don't can you to hurt your life but I think it's fair a criticism I hear you know in my district is we don't know what Democrats always stand for what's your hat because for everyone who's on twitter and the audience here that is not where my district is district wants their government to run just basis the basics and until we can particularly how we're going to help people were just going to be clamoring clamoring to get and compete with Donald Trump doesn't that get you in the problem isn't clamoring to help people things like the on this day bringing a covered dish I think with trump looking so much like he's he's a combination of unhinged and not polite and all these kinds of things I think the they there's a wimpy news to the Democratic Party and you said something very true Donald Trump's essence of his brand is strength whether you like whether you hate them right there is Jackie his right but his over okay I think look I mean you know the whole I'm very grandfather was a cop okay and my mother was a schoolteacher and they work really hard to put me in a position where I can buy insurance I want and if I can't or the people on this panel I can't buy strong and sweet a compassion is kind of strength and I think long in years of power you know one of the I was GonNa ask you this time I don't think the networks including CNN should be doing the debates because I think networks have to make a profit and I think when you have to make is to do Medicare for all and you can't afford it but medicare for all might be seen as a way to help more America I'll tell you one thing though you tell one hundred and sixty million Americans that they can't have their choose their private insurance when we are going backwards we're fucking Denmark okay the remember the problem was that you couldn't buy insurance is that you could buy insurance and still end up broke when you needed it at the end I mean the insurance when you're going to lose an election right and these people are smoking crack forget about an even Pittsburgh paint being able to pay for thirty four trillion dollars many loopholes so you get the government in to help that and then we ended up you know and I have to say no matter who's up on that debate stage every single Democrat wants to protect health care and make it affordable whereas the Republicans WanNa take it away and make it more expensive period you go that almost splits on a hat yeah well that brings up an interesting point Good decisions about what to do to have CNN position right but when you have the party in control of it they have an extraordinary amount of leverage how many people are going to be there what kinds of questions and if you don't hit the targets they're asking you to you may not get another at bat and I think that's a lot of leverage and I think that if you can decentralize it and have it be special interest groups it depends how you define strength at fault strength that trump I think that's all false that strength so it's he's underneath the Howard that throw the debates that dynamic goes out the window well I would hardly call the League of Women voters a special interest group what is the interest group voting yeah is on the edge of a civil war I don't love polling because I thought we got burned on a couple of elections following the pulse I'm not sure say it's sixty percent okay other non specifically partisan groups you decentralize the power okay Dan Carlin what do you think of polling that says seventy percent of Americans believe the US it'll be a little more difficult but What do you think about that I think that the party zippers watching I think that the the bosses often you have to put on a show in debate shouldn't be a show is to be the League of women voters who did it you know or have professors do it running on all three stations at once to remember I can't really comment on baseball because I'm involved with it but I don't think that's right especially from somebody who's supposed to be impartial calling balls and strikes the story he tweeted out what it is there something like if they try to impeach my president I'm getting my Maga- hat in my ak getting in the streets and I yes I know you spend a lot of time working on the gerrymandering issue Yes the at that sounds like a joke to the audience the run it on all three networks to accept this more than three networks directly to run an all five totally stream in this this reality show that's got a little shits and giggles in it ain't GonNa be shits and giggles left if he loses we're going to Guantanamo Bay together offer threads with Kellyanne Conway I'm friends with Ann Coulter we're going to need these people all right much only episodes of real time with Bill Maher every Friday visit it's only six out of ten Americans who think run the verge of civil too bad thing we are not a geographic not a good in that he's not going one step further than that is going to say spent an empire I think is working the world series
Monitor Show 10:00 08-07-2020 10:00
"Films like the economic pain that people are going through in this country at the moment and Larry What. Really upsets me and I think it's borderline embarrassing if this equity market was twenty percent lower. I. Think you and I'd have a different conversation. Wouldn't we be much more urgency? Why don't understand is the lack of urgency right now Larry just don't understand it if you can do these things to make the lives of people better why wouldn't they done yesterday back? Jonathon let me say this but. I'm a bleeding heart to okay I'm Jack Kemp bleeding-heart conservative on the supply side. You can't measure these things. In dollars spent. I mean we know this. We know this you put in three and a half trillion dollars already. The other team wasn't the or four trillion dollars is that the answer there are other better targeted ways I want everybody to go back to work? Yeah. We've created over nine million jobs. We're clawed back about forty percent of the terrible loss from the pandemic. Wanted to go tonight is we can't even eat inside a restaurant in. New York. City. Come off then you got. The only ask I have right now. You let me finish my school spiral Mesa carry. You had a little sermon at and I enjoyed it very much and Larry respect me. And that was MU personnel. Carry are many other ways to deal with these problems. Okay. Throwing my anthem is not only the answer you have to create economic growth incentives but look. We are willing to spend money I mean that's not the point. The president himself has endorsed another round of direct mail chess. He's endorsed that he has also endorsed continued unemployment assistance. The question is what?
Rush Limbaughs recipe for hate: twisting the truth in a Supreme Court Ruling or BLM peaceful protests
"Fresh from the rusted culture podcast. Welcome back everybody so in today's broadcast. Many podcasts would like to do is just kind of illustrate how. How he controls or attempts to control the narrative to his listener base, and how he tries to give them a reason to push back on something that seems actually on the outside, fairly common sense in something that you may just not WanNa. Push back on, but this is how rush does it will. On Monday the Supreme Court ruled and a six to three decision that an employer who fires a worker for being gay or transgender violates the civil. Rights Act that was written in nineteen, sixty, four of course. Rush can't stand this people like. Like rush are seething, literally just livid over this ruling because they don't WanNa treat gay people fairly. They just don't want to do it, they. It's not within them to do it and they don't want any legislation that says that you have to treat gay people fairly in the workplace into make this point. Rush Kohl's ruling transgender never mind that it actually applies to all gay people he does this. He calls it transgender because he feels that the word transgender is something that his listener base can relate to that they may be. Don't like. You know everybody might know somebody who's gay. They might have somebody in their family. That's gay, but this transgender is maybe what he thinks could be kind of like a live wire. You know that people can relate to something they can hate. So heavily. This here's what he says. Now. Let's take a look at this one. Case the Gorsuch case where textual in was used to go ahead and look at the Civil Rights Act of nineteen, sixty four. And say YEP it included transgenders. Because, we think it should. But. It didn't transgenders. TRANSGENDERISM was nothing when that law was written. Well nothing that law was written, but there were gay people around when that law was written and I'm sure that they were transgender people. They just didn't call them transgender, but that's how Russia's doing this. He's trying to use the term transgender to try to get. His base fired up yet transgender, but everybody knows somebody that's gay. Everybody's got somebody. Maybe their family that gave everybody works with someone. You know the the fact that people that gays are out there and they have been forever is something that people have kind of accepted? That's the whole ruling. was literally about gay people, but he prefers to call a transgender, so he can hit that button. And the ruling is in fact sang that lgbtq people which largely means gay people can't be fired for being gay. You can't fire them because they're gay. And again since the term, gay isn't something that inflames people these days like it used to rush uses the term transgender because he thinks that something that people can thoroughly relate to. And you know Russia's bigoted. He's nasty and he's hateful. He's adept at using terms to try to inflame his listener base. That's what he does best folks. And listen to this clip I'M GONNA play? Here's how he characterizes the ruling by calling the movement transgenderism. When in fact, it actually refers as I mentioned to all LGBTQ people gay people. He starts off by saying that Pelosi didn't want to re raise the laws. and that's kind of how he starts his clip off. She wins to for here. They get transgenderism in the Civil Rights Act plus. They get conservative jour-jour judges betraying the conservative movement. That's a win win for her. You know sad to have to remind rush. Limbaugh that all people deserve to be treated fairly without regard to skin color disability, or if they're gay or straight, they don't want that. This decision has literally killing them and I mean. Can you imagine that that a Supreme Court decision that basically says that you have to treat people fairly whether gear straight in addition all those other things. Can you imagine that that that actually? They feel pain. Because of that decision. Because you have to treat all people fairly that it would make conservatives like rush so fiery mad I mean I just don't get it. I don't get it. So, it's not hard for for you to believe out there that these same conservative stream est like rush. Limbaugh have no clue. They have no clue with the black lives. Matter Movement is about. They don't even know they don't get it. They just don't get it. People like rush. Limbaugh think where they want you to think that black lives matter movement is directed not at police brutality. Not Not at police brutality that killed George Floyd, but at his listener base personally he wants them to personalize this, so he directs everything to them. Personally listen to this clue. Lyndon Johnson civil rights sixty four. What have we have? We have a great society. We've had the war on poverty we've had. Over four trillion dollars of wealth transferred. To producers from producers, tax payers. To to people who were discriminated against. They're worse off today than they were before. Come on, that's a joke. Come on rush. You know the this this just kind of he loves to go down this path, but the truth of it is when you look at the record Republicans really didn't want to have anything to do with social security. They didn't have anything to do with Medicare. They did not have anything to do with Medicaid All these programs that people enjoy both today both Republican and Democrat. The Republicans had very little to do with over four trillion dollars of wealth transferred. To producers from producers tax payers. To to to people who were discriminated against. They're worse off today than they were before. This happened Oh. Come on, this is one of shelby steele big points. After. All of this supposed help. It's one of my big points to after all of this help after all this compassion after all assistance. Provided by the Democrat Party, we've got an angrier population of minorities than we have ever had. And most people in this country do not think they're racist. They think going out of their way to avoid. Being racists would about police brutality. I don't hear. You even mentioned that. Brush what about that? They've gone out of their way to be accommodating. They'd gone out of their way to be sympathetic. It doesn't compute. Asked what the hell else can I do? Well, rush that that's a good way of trying to direct everything towards your listener base, but the fact of the matter is you didn't mention police brutality once and in how some not all police obviously, but some single out black people and how that has to change now. Did he mention that? But what Russia's doing is making his listener base feel like the entire black lives movement. Is directed right at them. They're the targets. It's what they did. That's what brush wants you to think. That's what he wants listeners to think. That's the best way that rush knows how to try and make his listeners that they're under attack. But about the the police action that started the recent protests that killed George Floyd. Rush doesn't even mention that. So. This is how rush spreads the hate just like peanut butter. This is how does it? This is how he fans the flames to get his listeners to turn on things like how these. Supreme Court just ruled that you can't fire person for being gay. You call it a ruling, favoring transgenders and not gay people. You label it. You put the transgender label on it. This is how rush tries to turn his listeners against the peaceful protestors by saying that the protesters are directed. Right at his listening base rated them personally and not the police brutality. It's very sneaky the way he does it, but he makes them internalize the hatred as if it's being directed towards them. It's really twisting the truth in. It's what they do best folks in. You've gotta be listening for it because it happens all the time out there. This flash briefing was brought to you by the Rusted Culture Podcast, and you can find us on Itunes stitcher tune in spotify in Google play or wherever you find your podcast. Thanks for listening.
Closing Bell Brief for Friday, January 24th
"What lies ahead for our planet find out on an extraordinary trip with the Wall Street Journal and National Geographic Expeditions Book now at Nat? GO EXPEDITIONS ADDITIONS DOT COM SLASH WSJ or call. Eight eight eight two. Oh five five six two one. This is the closing bell brief for Friday January. Twenty fourth. North I'm Charlie for the Wall Street Journal. US stocks dropped Friday on worries. The deadly corona virus outbreak is spreading. The Dow Jones industrials fell one hundred. Seventy seventy points to twenty eight thousand nine hundred nine. The Nasdaq composite dropped. Eighty seven points. The S&P five hundred lost thirty. The Dow lost one point two percent for the week the Nasdaq backdropped eight tenths percent and the S&P lost one percent. All three indexes opened Friday session with gains but pulled back after health officials confirmed a second. US case of the virus that has killed more than two dozen people in Asia the mortgage market in two thousand nineteen had its best year since the height of the pre-crisis boom. Thanks in part to who are refinancing. Frenzy lenders extended two point four trillion dollars in home loans last year according to research group inside mortgage finance that was up forty six percent sent from two thousand eighteen and the most since two thousand six the Commerce Department has withdrawn proposed regulations that would further limit the ability of US firms to to do business with China's Wa wa technologies following pushback from the Pentagon wa Wa is a major customer for us. Tech companies and the Pentagon is concerned that if companies lose who's that revenue they'll have less money to invest in research and development for more head to wsj.com or the W._S._J. APP.
Stocks Rise Friday, But a Losing Week for Dow, S&P
"Three months ago there weren't enough masks we were desperately sourcing from all over the world. People were making face coverings from scarves and bits of fabric. Now, there are plenty of mask, but some people don't want to wear them comma mask up America brought to you by the Ad Council. This is the closing bell brief for Friday September twenty fifth. I'm Charlie Turner for the Wall Street Journal US stocks finished with strong gains. Friday. In a choppy session, the Dow Jones industrials rose three, hundred, Fifty, eight points to twenty, seven, thousand, one, seventy, three, the Nasdaq composite jumped two, hundred, forty, one. points the S. and P. Five, hundred gained fifty one despite Friday solid performance both the Dow and S&P lost ground for the week and are each on a four week losing streak. The Nasdaq composite rose more than one percent this week rising cove infections the prospects of an uneven economic recovery and uncertainty from a presidential race have fueled. The recent market turbulence investors are waiting for signs of progress on additional us, stimulus aid. From the Government House Democrats are preparing a scaled-down package of about two point, four trillion dollars. But Republicans said the chances of a deal before election day are still slim. Apple which is facing heavy criticism over its APP store says, it will suspend its thirty percent commissions on some APPS offering paid events and experiences. Prior to the announcement facebook confirmed that apple had approved its request to exempt businesses hosting live online events through its APP from having to pay apple a sales cut the exemption will last until the end of the year, we have more on today's market activity and market analysis at wsj.com and the WSJ APP.
UNCTAD Seeks $3.4tn Debt Write-Off For Nigeria and Other African Countries
"You're listening to the news at this hour on Africa. Business Redo the United Nations Conference on Trade and development is calling for agents measures to address the debts birding estimates at three point four trillion. Naira in mind Julia and other developing countries facing economic disaster as a result of the current virus pandemic. Unctad in report released on Thursday said developing countries. We're facing a looming disaster as most of the revenue of this country's had shrunk analyst at the UN agency estimated that in twenty twenty and twenty twenty one loan repayments on the public external debt. Where's the mated? Nearly three point four trillion dollars this is comprised in between two trillion dollars in two point three trillion dollars in high income developing countries and between six hundred and sixty six billion dollars and one point zero six trillion dollars in middle and low income countries. And that wasn't us. At this time on Africa Business Radio you can continue to listen life online at. Www Dot Africa business radio DOT COM of arable. Thank you for listening.
Weary Market Eager To Look Beyond Trump Chaos: Ritholtz
"This podcast is brought to you by. Hp engineering experiences that amaze hp creates technology with purpose to make life better for everyone everywhere learn more at hp dot slash sustainable impact all right. Let's bring in barry ritholtz bloomberg opinion host of masters in business and of course founder of riddles wealth management. Very great to have you on the first time since we got an election results and the first time since that long long count and we've seen markets turn both on that and of course pfizer news. How are you supposed to read. These markets were pricing in the bloomberg markets. Podcast along with my co-host every business. Daily interviews from the open market experts along with essential market-moving news heidelberg markets. Podcast on apple podcasts. Or wherever you listen to podcasts. And on bloomberg dot com the winning both well the trade off is. We're likely to see much more fiscal stimulus. But we're also likely to see somewhat higher taxes and that's quite a that's quite a challenge Right now the assumption seems to be that we're going to have some form of divided government and arguably that's not the worst situation under normal times for the markets. I will say in the midst of an emergency or crisis like a pandemic. You do want to see cooperation across the You do want to see both parties. Try and working together. I have said on this show before. I am shocked that we have not gotten a follow through to the stimulus from the first quarter Heading into the election and now We've been hearing noise that the trump administration has no interest in pursuing it between now and and the formal inauguration on january so the economy could get a little dicey Over the next two months right in fact the latest just out from ursula motion saying that the trump administration is actually stepping back according to people familiar with the situation. And that's leaving it up to mitch mcconnell. Nancy pelosi which really is not very consoling at all nancy. Pelosi wanting you know something like two point four trillion dollars on mitch. Mcconnell doesn't even want a trillion really. That's a huge huge difference. Barry yes yeah well a trillion dollars. Go figure it's a lot of money and so it makes those two races in georgia really really significant. I think well everybody is looking in the wrong direction. We're all looking at this this all these silly litigation trying to fight the The results i think the legal team of of the trump administration is now over twelve Or arguably one for thirteen if you count moving ten feet away to six feet away as a victory but other than that you know courts. Don't fool around your. There is an officer of the court as an attorney on either side and there are all sorts of rules. You can what you could get away with on fox news. You can't get away with in front of a judge and say there was fraud and they ask you for evidence. And if you don't have any you're putting your license and your career risk and so the the track record has been pretty weak for for all these broad claims of of nationwide fraud so far. There's no evidence and the companies involved some of the law firms involved putting themselves at risk. Yeah i mean. I guess i guess they're taking the business for now barry when you talk to your clients and also some of your wealthy investors friends. What are they saying about the situation. I presume they're pretty happy with everything and except obviously for the fire is still raging around the world. Well those who who have sort of stepped away from the markets are are not exactly happy and we've seen a number of hedge funds and others sort of take the let's wait until the dust clears which is is turns out not to be a great decision at least this this time around. Generally speaking the expectation is that markets are going to continue doing what they're doing. Regardless of what happens with the election. We noticed this you know throughout history whether it was pearl harbor or jfk assassination. Or you know go go down the list of of earth shaking events markets have a tendency to wobble for a little bit and then just go right back to what they were doing so personally. I'm looking forward to the noise levels coming down. I was kind of rooting in two thousand sixteen after that election for okay now we're done with politics. Can we get back to our normal life. The i think people are somewhat shocked. That post two thousand sixteen. We really never return to normal it. It was like a continuous campaign for twenty four For four years. You're right years right. I would love to just put politics on the back burner and focus a little bit on other things in life. It would be nice to see my twitter feed. Just sorta calmed down a bit. Those notifications were very definitely very grueling. And we won't have that from the biden team. That's for sure. So you know now that the dust is settling a little bit. We still everything else. Out there right lack of stimulus coronavirus just going exponential in the united states and across the world and market still keep pumping away. I mean what what's going to burst the bubble in this market. I'm not suggesting it's a bubble in the traditional sense. But there's very definitely some exuberance there isn't there you know things that are unsustainable. Eventually run out of steam eventually stop running It's arguable that this market is Is getting tired there. There are some signs that the stock market has been pricey but just looking around at some of the earnings that have started to come out. We end up being surprised by how quickly the prophet side of this recovers and to me. That's what that's what is going to drive. This is there are two factors that we look at one is multiple expansion and that certainly responsible for a big part of the games people willing to pay more and more to own the same stock but increasing profits is something we should not underestimate and let me just remind everybody over the course of the next year. All these companies have really really easy compatibles. Twenty twenty prophets were way low and the market was looking past them. And so when we're in two of of twenty twenty one or q three. We're looking back at an environment. Where profits were either tiny or non existent and so maybe that's part of what the market is looking out and seeing over the next four quarters but calms counters can they barium in surely there's a baseline of economic activity that the market needs in order to be a happy with particular assaults. Yeah No doubt about it and the the i would you know we all tend to create these narratives after the fact i. I'm wondering if some of the market enthusiasm is the thought that hey the new white house is gonna you know. Nobody wants to do the difficult decisions up front the painful decisions so that you can thrive in the future. I think the biden administration is going to do all of the difficult cove in nineteen related things. A national mask mandate a temporary lockdown Some form of cares act to some form of stimulus maybe even invoking the defense authorization act to get more. Ppe where it has to go. I and so had we done that year ago. The economy would be much off. We done that. In the beginning of twenty twenty we would probably not be dealing with as much of a spike. As we're seeing we're gonna have to get through the next three or four months. It's not going to be easy but the expectation is on the other side. We'll all be closer to getting back to normal Under this administration then the of lay say fair. Don't worry about the corona virus. it'll take care of itself. approach of the carter administration. We're waiting fed chair. Jay powell is president christine lagarde and b. o. Governor andrew bailey to address these cds annual forum discussing central banks in a shifting world while we wait for the started that we can ask barry riddles about central banks shifting world barrels of course Masters in business podcast host among other things. Berry you know. The world shifted twelve years ago when we other financial crisis and central vines got on board and they feel like they stretched that elastic band. Right where can they go to from here. Well i think if we learned anything from the first quarter of twenty twenty it's it's time to pass the baton to the fiscal side of things not the monetary side of things when when you're at the zero bound What are we somewhere or something like sixty. Two percent of Of sovereign bonds are now yielding negative rates. I mean that is a quite quite a statistic and there are all sorts of problems with negative rates. Were potential problems. I i don't know how much more we can ask of our central banks I don't wanna say they're out of ammo. But you're at a certain you're you're just asking you're using the wrong tool for the job and i think we've been asking too much of our of our central bankers around the world seeking with distressed investor. Who's richard's yesterday and he talked about the aftermath of the financial crisis and how took a couple of years to get four trillion dollars through the federal reserve system and into the economy than happened in five weeks after the pandemic after the fed went to action this time round. I mean that's some crazy acceleration right there very well keep in mind it was. It was the one two punch the combination of monetary policy and three trillion dollar fiscal stimulus. You know what the fed does has to work. its way through. A series of mechanisms typically associated with credit and borrowing and that doesn't happen instantly specially in the midst of a pandemic if you recall lots and lots of small businesses and households were complaining that in the middle of the pandemic the credit market had tightened up so much banks really weren't lending so so that really hamstrings the fed's ability to affect a lot of the local economies On the other hand The fiscal stimulus the direct lending to small business companies that promise not to Lay off staff That that has an immediate impact so too it does the proposal to use federal funds to steer money to states and municipalities that unlike the federal government are unable to deficit spend and so with their in genuine danger of running out of money before the year Ends and that includes things like police and fire and ambulance and teachers and hospitals. They're in a bad way. And the hope was. That's the new fiscal stimulus would steer a trillion dollars or so so local states and cities I there was some back and forth that this was a blue state phenomena and therefore the trump administration was very much against it. But when you look at where the pandemic is now running amok. It's as many red states if not more than blue states. And i wouldn't be surprised if as this gets worse and worse the tone Amongst whoever is running the senate starts to soften because some of the projections are pretty horrific over the next three or four months for sure barrier about to go to the panel. But who's your guest. From austrian business this week penny pennington one of the highest ranking women in financed. She's the managing partner. But she's really the ceo of ed jones with edward jones. They manage one point trillion dollars. Yes indeed barry. How do you always get to my guests before. I do altitude again. Thanks to that. Are you at all time. Bring in tyler has now executive chairman of retail e commerce ventures and tie deals with basically distressed retail brands. So ty what. What exactly do you do. And how much choice do you have these days. Hey thanks hp's vision is to create technology that makes life better for everyone everywhere last fiscal year. Hp's sustainable impact strategy helped influence more than one point six billion dollars in new sales creating positive lasting change per planet people and community for the planet hp is transforming its business for a circular and low-carbon future for people hp is championing dignity respect and empowerment for all people with whom it works and for community hp is unlocking and economic opportunity through the power of technology with the goal of enabling. Better learning outcomes for one hundred million people by twenty twenty-five learn more at dot com slash sustainable impact me all. Yeah there's a lot of choice choices growing here. You know you gotta interesting environment with covid. We started buying before covid. We bought dress barn last year in november twenty nineteen so the opportunities been there. But it's certainly there's more choice and more attractive valuations that we can purchase at now. Tell us exactly what you're buying and because of the the bands that you bought our dress barn as you said. Also peer one modell's also linens and things so these were bankruptcies that we sort of watched happened in front of our very eyes. Did you buy the names. Did you buy the assets. Did you buy the intellectual property and how much more so each. The old been different. Some of the brands were off. Market like franklin men and linens and things weren't bankruptcies when we bought them. They have been you know in the past. Franklin mint was never bankrupt so everyone was different. Peer one we bought at an auction in july. For thirty one million. We bought the ip intellectual property. I mean pretty much. You get the whole brand and you get the all that that includes but we've chosen because we're e commerce specialists to let the stores for the most part closed the stores were already closing. We still have the option to open back brick and mortar. But obviously we want to see how kovic shakes out before we start. You know opening a whole bunch of stores. The stores are kind of what got these brands in trouble. Not just because of covid but because they signed leases assuming a certain amount of people were would visit brick and mortar but every day amazon. Com's take stronger place. So what is your plan. Why evens but mean thirty. One million dollars doesn't sound like a lot for pure one. Let's put it that way but why even spend thus if you know the business model just doesn't work anymore. Yeah so take takes one or dress born. These brands our beloved If you watch the social media you know and when pierre one was going out people were sad and people have been shopping there. It's a sixty year old brand so we don't actually think that the brands are broken. We think that the trust Is there as strong as ever with the brand people on the white pure one and it's hard you try to. You know a lot of entrepreneurs try to build businesses from scratch. I've done that before. My business partner in are done that before but takes a long time to build What we call branded awareness so if you look at pure one has over ninety percent brand awareness out of ten americans if you say do you know pure one nine. Say yes and it's really hard to do that if you start a brand from scratch. It's almost impossible. I mean google did it. Obviously but for the most part i think that piggybacking off the trust that's already there and bringing the brand into new e-commerce world is a very viable and it's going very well with dress martin brands. We've been doing so far. Are you trying to put everything by in one retail marketplace. Or what will be the future for for these bonds me my business far. We're just talking about that. Certainly there's an option to create economy. All the brands there right now. Each brand has its own website but we are switching more to model which was amazon. Jeff bezos kinda thesis so for example on pure one. Were not only selling pure one branded products if you look at wayfair which has gone from a nine billion valuation earlier this year to twenty five thirty billion. They allow other people any vendor to sell. So we're kind of hybrid is the old pier one with the newer business models like amazon wayfair. Yeah that's fascinating now. Will you continue to sort of by willy nilly sort of as co those furniture sports linens or will use try to specialize in one area to be insulting. There's a little method to our madness but I we like the thought of going into different verticals different industries. So we've done that on purpose so for example. Instead of buying five clothing brands we'd like to buy one strong wind and then by one home good and then we bought you know modell's sporting 's and franklin mint collectibles. And so we like we like branching out you know. there's last i counted. There's about thirteen trillion. Thirteen industries. That do that are have over a trillion of revenue. We'd like to be in. All thirteen of those are my kind of mentor. That i've never met warren buffett and i like his approach to building a real diversified holding company holding company. We're not a fund we actually own the majority of the assets. You know so like the diversity so ty we're out of time but what what will be next. I mean where do you go to look for these auctions. How do they pop up for you. We're looking more off. Market deals auction spaces getting more crowded and more competitive. We have a new acquisition. That i'll be able to announce in a week. Oh he's a bigger the biggest brand we've ever bought and we'll have to do a competition for our listeners to write in and whoever gets it right gets to breath all right. Well it's out there now. You know how to reach us tie. Thanks for joining tilapia as chairman of retail e commerce ventures a fascinating conversation to bring in sara poems like now call saas reporter here at bloomberg so we were looking at equities with dave wilson earlier. Sarah what we didn't really talk about is the dollar index for example which has been very very aware down below ninety three again some of this of course on euro and sterling because they're the two biggest components for the dax y but what else is going on. There was some discussion that we would save trade of the dollar return but like you said we have seen fluctuations lately volatility. I look at the bloomberg dollar spot index for example higher on monday lower on tuesday higher yesterday and today we are just about flat. It's really difficult to disseminate any direct trend here. It is notable though to point out the fact that if you zoom out and you look at a more historical perspective we're still hovering just around the lowest level since thousand eighteen so still dealing with a depressed dollar not too much reaction or change that would change the trend any which way but also very notable today is just the bond market yes. Tenure treasury yields still above ninety basis point look screen right now point nine one nine three percent whoever that is down from above ninety seven basis points just yesterday and this morning as well earlier overnight so we are seeing this change take hold albeit a relatively small one but still down six basis points or so on the day this after that. Cpi print came in lighter than expected. Some economists are now starting to wonder. If it's true that yes we had seen inflation. Start to pick up after those immediate lockdowns. Well are we going to get to a point. Now where it's going to start fading. We might see the true. Even trend downwards if we start to see worries restrictions over rising covid nineteen case. Take hold as well and at that point. We have restrictions coming through from governments being here in new york city. We know what we are about to face starting tomorrow with a relatively light restrictions. But we don't know what's going to be coming down the pipeline. At the same time you have to wonder people are going to self-govern self restrict self. Police get worried themselves and start pulling back on economic activity and then the impacts that has on inflation and the expectations for the reflation going forward. I mean that's what the fed would say right. The doesn't see any Inflation anywhere in the future absolutely not. We know the fed would like to be on hold for the next couple of years. They have baked into their forecasts. They don't expect inflation to get above two percent even if inflation does get above two percent. We know that they have now changed their outlook their ways of governing fate the flexible average inflation targeting methods. So they're likely not to increase interest rates. Even if we are just above two percent for some time now we have not seen how this is going to work actually in practice. We're not entirely sure. And we're going to have to pay attention to the feds words going forwards but the feds promise and wall. Street's take of the fed's promise is that we are not going to see interest rates rise for some time so that begs the question even if we are seeing nominal rates rise. How high can nominal rates go if we know that the fed is not going to step off the old curve oil. Today is the big story. We're seeing darla. Wti above forty two dollars which you know on the face of it doesn't sound like much but it's been a long time since we've seen forty two dollars plus this because opec is trying to face reality as opposed to what it would like the world. Look like right. It's all all relative when you when you talk about oil prices. We were stuck forty dollars for so long when it comes to wti crude oil the fact that we are now nearing and on forty two dollars a barrel. Well it seems like maybe you're getting a little bit of a break out. This is the highest since september back. Then prices were forty to seventy six a barrel so we do see prices turning higher does help with opec on the supply side of the equation. He also just have to factor in the positive news that we got from pfizer on the vaccine front. That certainly helps oil prices as well. Because if you think about if we do get a vaccine sooner rather than later. What is that going to help. What is that going to inspire. Well maybe it will reintroduce airline travel it will reintroduce cruise line travel. People may be getting in their cars more often. Well that means we need more gasoline. We need more oil. So therefore we see oil prices rise off of the back of nachos supply but also the demand picture to that also just filtering into energy prices. Pretty unbelievable if you look through close yesterday the s. and p. five hundred energy sector the best performing sector up sixteen percent. That's on track for for the best week on record ever for the energy sector. Interestingly gold which did gain when we were waiting for the final result is way down now at below eighteen hundred eighty dollars. An ounce writer. Right so i i was speaking with a strategist over man solutions yesterday. Who works in their multi asset solutions group. And i was asking him about gold because it has been a little bit wonky lately considering the fact that earlier in the year the story was that gold was acting as a hedge against inflation. Well what happened earlier this week. It was that we've got the positive vaccine news. There are flation trade took hold. We saw yields rise. We saw inflation expectations rise yet. Gold moved lower so it wasn't necessarily acting as that inflation hedge. It was acting as the opposite and he said goals an interesting one. And it's been really difficult when you look at cross asset correlations this year gold has been correlated to both bonds and stocks in different ways in different times so really nailing down the gold. Trade is a hard one over the short term because it's still acts as a short-term hedge against inflation but also it's a safe haven asset so those are two different stories. The inflation bet is a positive one one of growth one of reflation whereas if you are for a safe haven in gold. That's not necessarily the same story So interesting takes on gold there and investors are saying. It's it's been a difficult one to play as of late real quick. What will you be working on today. Sarah on today so i'm actually working on a story about retail investors. That'll be for the weekends. So keep an eye on it. Basically the moral of the story is retail investors. Been lucky this year. Or are they scuffle. Wow sarah great story count wait to read your conclusions and the conclusions of those who speak to that a sarah pontiac chief costs as a reporter at bloomberg and she's chief calls as a reporter in the studio anyway and she be with us later on. What are you supposed to do with these markets. One day one day down vaccine news ending market higher and then marketing a dose of reality the next day huns olsen is chief investment officer for a fiduciary trust in. Boston joins us now with hopefully some advice. Hums thanks for joining. What are we supposed to make of these mark. You wouldn't bank your future on someone. You don't know financial advice simply better when your banker gets to know you. That's what city national bank believes the better. They know you the better that can help you achieve your goals. See what personal can do for you at c. n. b. dot com. And whether they're correctly priced. And what exactly is priced in. Yeah good morning vanni. I think we're what we're seeing is sort of the inevitable. Churn after a very nice move over the last month. And i think you have to step back and i look at the path of the economy and then from there Then you can you adjust your portfolio. Accordingly from that perspective our base case continues to be that. We're gonna see a w shaped type of recovery. So we've seen the i v and that was pretty pronounced and we are in the beginning stages of i think what second v and the question is whether it will be severe or not. Why don't tend to think so but it was certainly is going to be impacted by the winter wave of covid infections. And then of course that next round of stimulus that we've all been waiting for And once we start to see that i think markets can stage. You're a more convincing. Rally from here without a doubt. Markets appear to be pricing recovery. You're seeing it in the broadening and deepening of stocks. You're seeing it in the shape of the yield curve and indeed even in the in the price action or the yield of the yield on the ten year treasury All very encouraging signs But it's still a bit early. Have a recovery with a six point nine percent unemployment rate. Well you know. That's that's the thing right. I mean it's where it's coming down from and and we would hopefully continue to see unemployment fall the numbers that we had this morning are encouraging. But we're not there yet and you know by all accounts for probably another year away from getting to where we would really like to be in all of this and again. It's all going to be dependent upon. Do we get a vaccine is distributed at scale and its effectiveness So and of course the companion to that is do we get another round of stimulus to help the economy along until we get to resolution of the pandemic. Does there come a payback time. Hans rolled a stimulus. Well that's the problem right so we have spent in an enormous amount of money in the service of supporting the economy during the pandemic of the budget deficit has exploded We're going to have to finance Somewhere between another one to three trillion dollars This year depending upon what the stimulus looks like Puerto remember even before. This happened funny. The pandemic broke out. We were running a trillion dollar deficit. Which is pretty unusual at that point in the at the point that we were in the economic cycle when things were really quite good So that does have to get financed and the price at which that gets financed remains an open question. How much the fed is going to have to buy versus the price at which You know the private investor will buy treasury debt will have to be seen at this point so you if you had been a retail investor and you decided you know what was going on so we're just going to leave everything it was. You probably wouldn't have done too badly right. But is that continuing to be the advice from somebody like you. I think i think the notion of not trying to train an election. is very good notion indeed and we saw that Be exactly the case in this election. Given all the german drawn around The election and the run up to it You know from some clients. I've heard i heard from one would have thought that it was the end of the world and clearly it wasn't right. Everything is going to work out. Fine i think the larger question is is the market ready to rotate From the covid lead stocks of the last nine months or so into a broader market participation and. I think the answer is yes. We're starting to see efforts at that. It's never linear. It never happens overnight. It takes time for that That that that sort of rotation wave to form. But i think that's going to play out over the next four to six months that we should start to see some of the out of favour names. Start to participate and indeed we might even see some of The terrible laggards in the international markets finally begin to to perk up. So i'm cautiously optimistic. On that is sixty forty still the way to go. Yeah that's that's going to be the sixty four million dollar question right I think it is evolving. Us for for the most part. But i think in order to maintain You're spending power. You're going to have to spend total return. Which is going to force funny. I think higher portfolio turnover than it has in the past. Which is which is going to be a bit of a mindset on the part of some investors so yes for now but with the qualifications that you're going to have to realize some of your capital appreciation in order to maintain your spending power. So if you are going to say sixty four gb a little bit more active than you might normally be exactly and the way you get that forty and how you invest. That forty is going to be very different than the way you've done in the past so you know whether it's mortgages credit different types of credit and the like can no longer be simply sovereign debt or muniz. Finally hums and briefly. Are you invested or would you. I mean your fishery. Also you're invested. Everywhere i guess but how much outside the us would you be looking. Yeah well we've been underweight the us of our equity exposure. We're probably about thirty five percent of that right now. Thirty five thirty eight percent outside the us. I would love an opportunity to to bring some of that money abroad again but not quite yet. That is fascinating. That is a good chunk of the portfolio hans enough to get you back soon to talk about. What exactly is in their hums. Olsen is chief investment officer for fiduciary. Trust in boston. And we appreciate his time today. Some sage advice there and of course everybody doing their best to try to figure out what is exactly going on in the world and how long it's gonna continue on four thanks for listening to bloomberg markets. Podcast you can and listen to interviews at apple podcasts. Or whatever podcast preferred. i'm vonnie quinn. i'm on twitter. Don clinton paul sweeney on twitter at sweeney before the podcast. You can always catch us. Worldwide at bloombergradio the covid nineteen pandemic continues to have a drastic and immediate impact on american workers. Businesses and the economy join us on november thirteenth for our virtual event strengthening economic resiliency. We'll talk to top. Executives policymakers as we explore how the pandemic has changed the way we do business and how stakeholders can support workers as the economy evolves proudly sponsored by prudential to register. Go to bloomberg live dot com slash prudential slash radio.
AlphaTALKS Wall Street Breakfast, Nov. 7: What Moved Markets This Week
"Snp dow jones indices index strategies for all types of investments es g solutions core retirement strategies multi asset diversification and new ways of thinking about risk management and income. All in one place. Give yourself the freedom to go anywhere with. Snp dow jones indices search index solid on the web or hashtag index allergy on twitter lincoln. Welcome to elvas wall street breakfast. Your daily source of market news and analysis. Subscribe to this. Podcast on apple podcasts. Google podcasts spotify stitcher. then we'll come to alpha talks editor's roundtable what moves the markets. This week. The week ending friday november. Sixth twenty twenty. I am joined once again by my cohorts rat olsen. Vp of news. Kim khanh senior news editor stephen alpher managing editor of breaking news. And i'm your moderator and host nathaniel baker a contributing editor. Here at seeking alpha. Okay very eventful week. We had that little going on which is still kind of being tabulated as we speak but it would appear that we will have a biden administration and now the senate is still a up and talks but for our purposes the market has reacted positively to all of the election news that was thrown at it this week with pretty historic rallies. I think the star of the week and then going into wednesday and thursday be vicks selling off now today friday. It appears that the market has taken its breath a little bit stocks roughly flat as we record this on friday at noon. We also had nonfarm payrolls this week. completely overshadowed by everything else that's going on so. Why don't we start with kim khan and just to give us the lay of the land and how things are shaking out here on friday afternoon. Yeah i mean as you said. We had prehistoric Run this week. S and t was up more than one percent of four days in a row going into the election. I think it was still some expectations of a possible. Blue wave and a big stimulus package coming. So a lot of the cyclicals were higher as soon as it looked like it was going to be a divided government that money flew back into. What's kind of the new safety now. Which is these mega cap stocks. I mean if they did well during the pandemic lockdown. They're going to do well in whatever. Come future and also see the kind of outside effect that these five stocks have on the market. As a whole. I mean you've got facebook eight percent one day. That's an eight hundred billion dollar company moving like a. It's still a growth stock so soon money flow flowing there that was going off to the races and i guess also saw something interesting. The payrolls report today. That's kind of giving preventing more of sell off at easing off. They need expect. Today is was a really strong payroll for all around you've got a full percentage point drop in the jobless rate even when the The labor supplies is rising. And also i mean most heartening to me is actually saw a dip in permanent job losses which everybody was expected to go up so i think overall very strong there. Yeah it was interesting to see these tech stocks earlier in the week as there were concerns about a blue wave and what that might mean potentially antitrust you know breakup of these company companies maybe even and higher taxes potentially for for these corporations all of which would were seen as kind of hurting of tech sector the big tech companies a little more than the others and and so there were some selling in that sector earlier in the week and then once it became clear that there would be kind of a i guess call it a hung jury here a democratic administration and republican senate Which as we said is still in doubt but once that kind of narrative cold you know that was all investors needed to pile back into these tech stocks Bradley what else did you see here. As far as winners and losers over the week is we wanna be careful. We're not calling the election right. I think things are moving in that direction. Sorry to cut you off. But on my twitter i did actually call it on wednesday and did okay all right. So there's the record. So i guess we're clear then. Yeah for the winners and losers. What was interesting this week. I didn't see any particular major themes other than would stuck out to me as the losers almost entirely related. We forget that this week was the. Fomc us nonfarm payrolls. There was the election also one of the heaviest weeks of earnings so of on the losing side. These are mostly just stand out. Earnings have declined to dismiss expectation. Do still had leftover performance from twitter. Twitter assist still down in the dumps. Here hanes brands is off about twenty percent mosaic which is materials cyclical name also missed their off pretty large and with the exception of earnings on the downside. You had some industrials related companies The analysis there is that there's going to be some impact from the government and getting a stimulus bill done for the infrastructure for example martin marietta caterpillar volkan materials bulk materials down significantly. But they also had results missed expectation. See a little bit of competing narratives. They're on the upside for me. I think really jumped out. Was the the healthcare names right. We the blue wave that you were discussing a lot of people. A lot of analysis indicates that there was going to be a little bit of legislation. You're going to expand the affordable care act which potentially could have a public option in there which would create a competitive win. Some of the healthcare names managed care in particular and some of these these socks cigna which also had good earnings Anthem some destruct. Doug distributors like cardinal health and mckesson. Both of those were up fifteen percent anthem. Like i mentioned earlier up. Seventeen percent united health up sixteen percent. These are gigantic companies with double digit. Moves off the back of these developments in the election. And i think one thing that. I like to bring up his last week. We can't be too surprised about how this this move in. The market has resulted right. Ubs is chief equity. Strategist keith barker. Last week said there was almost four trillion dollars waiting on the sidelines to rotate rotate into equities. And even with all these huge moves in some of the big tax big tech names. Were still back in the smp to where we were in early october right october. Sold off to the tune of re percents. Snp the dow is down almost five percent in october. Clearly there might have been a little risk off We had issues with stimulus. Discussions there over the course of that so before we get too carried away with how bullish the market is a period. You'd like the risk is is is diminished. But we're still back to where we were just about a month ago. Yeah you mentioned last week. We have to give credit where it's due to steven alford. Who effectively call this. Last heads right teased him for being an optimist. While guess what kids. Sometimes optimists are right says even what do you make of the rally this week. Where do you see things going forward. Well the amplitude of the rally what kind of stood out. But the the fact that we rallied should not be standing out Ryan dietrick who's from lp financial. Who's been on alvar aalto traitor. Podcast a couple of times just has great data and he says presidential election years october's always the worst month in november's always the best want. So what does that tell you. Markets are nervous headed into the election. The election happens in everybody gets back to business In in kind of what's what's going on right now. The ample amplitude as soon historic of yes and he through thursday was up seven point four percent. For the week Dietrich had another interesting factoid is at the. Snp has risen one percent for four consecutive days only four times since world war two with this this week being the fourth time and all this other three instances Markets were strongly higher but six months twelve months later. So maybe maybe this week's move Bodes very well for for kind of what's ahead of us yet. It's hard to see how anything will we've said this before. How anything will trip the market at this phase. Now this is out of the way. The fed is so accommodative we had this good You know an nfc report today. Nonfarm payrolls and so it seems things. Things are headed in the right direction. They were before arguably economically. And now that this thing. Well i say things out of the way. Maybe what could make the case. Maybe it isn't and maybe risk is miss price as results. But let's let that go for now. You know if you wanna talk about. I think i think there's two to risks in the market. One is is is amazingly moved to the back to kind of the bottom. Half of the fold is the pandemic in the return of the pandemic in is that Yeah right now. We're saying it's going to be divided government. The sound is gonna stand republican control but now they stole a lot of counting on There's going to be recounts and you flip one seat in the senate and then you get one of the existing republican senators may caucus for the democrats in the democrats control the senate and then you do have higher taxes than you do have kind of you know maybe maybe some stuff that's not going to be so good for the energy for the traditional energy industry right so yeah your risk and it's actually not even that i mean it sounds like we're going to have a runoff elections in georgia for both senate seats and if the democrats prevail in both of those we will have a fifty fifty tie that would then be broken by kamala harris an incoming vice president so that that is very real and i wondered aloud also again on twitter shameless plug that that baker is my twitter. But i'm back that this is something maybe that the market is not taking fully into effect right now but we'll see all right take into account the fact that the the street pricing in the optimism earlier on this year was on that blue wave so even if we do get that flip to the majority of that don't think it's particularly clear that we're going to anything is going to sell off Obviously the energy industry has just been shellacked for years. Now so How much further can some of these names fall maybe further. We don't know. But i don't know it's there was a lot of mixed research out there on on what was going to happen. I think kim. Kim did a lot of work for that work for us on that last week in terms of compiling some of these wall street calls and the different scenarios that were going to be playing out and i thought it was notable with susquehanna said that the sap could fall almost eight or nine percent on a contested election which is what it appears. We may have in the coming weeks but who knows. We'll see we'll see we'll see all right Good stuff next. Let's start the next segment of the program. Which is when we discuss the favorite stories. Some of which we may have edited on seeking alpha and even elsewhere. Let's start with kim kim. What was your favorite story coverage stuff this week. Well i looked back kind of what. We're we're talking about Lowering alluding to about what was going to play out in these scenarios and already seeing some of those play out in the chip equipment sector. The main players applied materials kelly. Ten core lamb researcher all moving much higher on expectations of a biden win bringing about some more a normalization with china and kind of a an easier time for those companies to make deals. That's their socks. Were enjoying that right away. Cannabis stocks interesting. They sold off initially surprising. Everybody because of all the states the past legalisation measures. Now they're on fire. Think aurora is eighty percent today. It's doubled this week It's still way off foods. It's about ten bucks. It's still way off. Its all time high of around like one. Twenty something but still these. These are flying higher now and Engaging the momentum and you seem like the kind of moves e saw and their heyday and And then there is the Kind of lower down ballot initiatives like prop twenty two in california that uber and lift essentially one that and those stocks rose. They had kind of like a stumble on earnings earnings. But still that's a total headwind out of their way doesn't look like other states are going to follow. They get to keep what it was was keeping their their employees as contractors and not fulltime employees which was a big it was almost a dealbreaker them in the state on how the other model goes so they pass through. That also found it interesting that in the fine print of prop twenty two something like seven eighths majority has to pass to change it now. It's pretty much bulletproof for them. In california was that they'll just want to ask a question was was prop. Twenty two is that specifically regarding move or left or was that more of a general gig economy. It's general gig academy and so others like door dash and post meets cool bradley. What what about you stories. Well you shamelessly plugged your twitter account. So i figured i need to shamelessly plugging item that i put out earlier this week. basically just looked at some of the post election trades. I went back to twenty sixteen and took a look at we in hindsight. It's pretty easy to do that. But small caps were the winner in right after the two thousand sixteen election. They had some of the best outperformance that they had against the snp so taking a spread between the two. I just took a look at what happened this week. We were talking about all the mega cap tech stocks soaring in this week. Particularly after the election result And then i looked at the small caps and they were woefully under performing. And i think twenty twenty unique year so i took little liberties with data excluded from this comparison and found that small caps hadn't underperform the snp in any singular day. And we're talking about wednesday here going back to twenty eleven so this is a huge day. For for the mega cats and for how small caps were underperforming versus their their larger brethren. Now we can take a look at the dollar ryan as part of that at the dollar was selling off. That undertone of a lot of this election was the weaker dollar which tend to hurt multinational companies and thereby i mean the weaker dollar tends to help these multinational companies buttressing some of their earnings fakers And they don't have that much impact on small caps so the weaker dollar could be bolstering. Some of those bigger names but i just thought it interesting that the small caps are really suffering notably over the past four years even though small caps got that initial pop when trump was elected they almost underperformed the snp by a factor to one over the last four years up until the election so big under-performance over the past four years. And so i thought this is that if you fade the initial reaction off of the election. Then you might wanna be buying small cats now versus what happens You know into the next four years. I think interesting. Make him actually put out another item. I think on the data track which also called for people to look at some of these small cap names they are. They have a of room to grow into their valuations according to data track and they have a better cyclical upside. Assuming we get this oh reemergence of of of gdp grow so anyway. It was that story. Kind of jumped out at me This week tune stephen Up up the bitcoin which is mick continues to make a a super big move It came just shy. Sixteen thousand overnight. It's about fifteen five right now. It's roughly roughly quadrupled from march lows. is within sight of its all time high about about twenty thousand the difference between today in two thousand seventeen which was when bitcoin bitcoins making that big move is is how how little headlines. It's generating if you remember november seventeen. Were heading into thanksgiving. You know it was thought to be like the number one topic around. The dinner table was was bitcoin. And nobody's really talking about it now. Quite frankly why. Bitcoin when you can buy peleton but so that brad something you brought up this morning. Was the government over a yesterday seized about a billion dollars worth of bitcoin having to do with the silk road conviction from several years ago and wondering if the if that doesn't not if that doesn't knock like a bullish leg off the bitcoin stole if the government could just sees bitcoin away. It can seize yacht a yacht from a drug dealer you know what about this anonymity what about safety. You know ma- maybe ab that really doesn't exist for For that asset. Either i was gonna say. Isn't that point of kind of two disease underneath the service and if the government knows what i'm doing with my bitcoins and what's the point all right and for me. My favorite coverage is. This goes back also to twitter and twitter. Battle ahead with one. Nate a couple of weeks ago r. I p pollsters these guys once again really blew it on this election and but none of them are least certainly not nate. Silver is admitting to having been wrong. They say that they said it was a ten percent chance that trump could win and therefore that is as good as addressing it and therefore they predicted it even though trump didn't win but anyway that was So yeah so we have all now learned never to listen to these people ever again for the rest of our lives but we probably didn't anyway. I would just say contrary term. I think pollsters did their job just perfectly. They're not they're not meant to the not out there. Trying to protect their out there trying to trying to create a narrative and Campaigns have internal posters right. But nobody's talking about those. The ones that that make the newspapers and make the loudest noise. They're trying to try to create a narrative maybe not trying to predict the result return. A one's internal one's did really well for biden hearing tuesday night. They were saying georgia. Toss up we have arizona nevada. We'll get pennsylvania michigan wisconsin. I know they're going to have any bullish on that thing. But they're pretty much dead on for that. Yes maybe and stay. We should only listen to the internal pollsters considering the nonprofit bolsters market saying. Does it know that. Don't talk and those who talk. Don't now right. Right right yeah. That's a good point actually right. So maybe polls aren't that but pollsters Or at least the public they should all right without Let's close thank you for listening and we look forward to speaking to you again next week. That includes today's wall street. Chris thank you for listening for the best. Investment analysis and news on the web dot com. Subscribe to this. Podcast on apple podcasts. Google podcasts spotify stitcher. You can sign up for our other podcasts. Behind the idea. I therapies. Let's ups cannabis investing podcast and marketplace round table. Almost five ends. Well have a great day. S and p dow jones indices offers index strategies for all types of investments. Es g solutions core retirement strategies multi-asset diversification and new ways of thinking about risk management and income. All in one place. Give yourself the freedom to go anywhere with. Snp dow jones indices search index g on the web or hashtag index allergy on twitter and lincoln.
News in Brief 16 November 2020
"This is the news in brief from the united nations plans to set in chain. The building of a new israeli settlement in occupied palestinian territories should be reversed you in special coordinator for the middle east peace process. Nickolay mladenov said on monday. Mr malakhov comments follow the israeli authorities decision to open bidding for some twelve hundred homes in the east jerusalem neighborhood of give out if built the new homes would further consolidate a ring of settlements between jerusalem and bethlehem in the occupied west bank. The un official said in a statement the development would significantly damage prospects for future contiguous palestinian state and for achieving a negotiated two state solution based on the nineteen sixty seven lines with jerusalem as the capital of both states. Malakhov added settlement. Construction is illegal under international law. The top official emphasized in cambodia. At least twenty one activists have been threatened arrested or detained and subjected to excessive force in the past three months. You appointed rights. Experts said on monday u n special rapporteur on the situation of human rights defenders. Mary lawler was one of many experts. Highlighting tightening restrictions on civil society in the country before insisting that the peaceful promotion and protection of human rights is not a crime. Miss lawler detailed the case of wrong tomb. Who was arrested in july. After taking up the case of farmers after they lost their land when cambodia's borders were redrawn with vietnam falling mr tombs detention several other human rights defenders who demonstrated against the move also arrested twelve remained in pretrial. Detention have been denied bail and are facing charges punishable by up to two years in prison. Environmental defenders have also been detained. Miss low said while other activists have also been arrested for filming arrests of protesters taking part in demonstration. Trade union leaders have also been subjected to threats over their plans to strike the special reporter said before insisting that there seems to be no limit to who the authorities will target in their concerted attempt to road civic space and stifle the work of human rights defenders finally one of the world's biggest trading bloc has just opened its doors for business. It covers more than two point. Three billion people and you end. Economists said on monday that they believe it will help the fifteen nation club recover better from the global economic crisis caused by covid nineteen signed over the weekend. The regional comprehensive economic partnership agreement are cd. Ep for short has a combined economic worth of four trillion dollars. Exports could grow as much as ten percent between now in two thousand twenty five. According to tat the un trade and development organization and member countries could see their economies expand by not point two percent by the end of the decade. The region is already a manufacturing powerhouse accounting for nearly half of all global automotive products and up to seventy percent of electrical goods architect highlighted how streamline customs procedures will likely result increased productivity as non-tariff barriers and specific measures to promote greater cooperation and transparency such as recognition of professional qualifications and licences between countries the initiative dates back to two thousand twelve. But the fifteen countries involved in the deal only signed it last sunday after years of negotiations daniel. Johnson you're news.
VCs are leaving trillions on the table by bypassing diverse leaders, study says
"Spend less time reacting to incidents and more time building the future and by the Michigan Economic Development Corporation John Romanelli founder and CEO at airspace this marketplace podcast is supported by pager duty in an always on world teams trust pager duty to help them deliver a perfect digital experience to their customers every time with pager duty t there's no question that limited partners have power in this equation to also move the needle with the distribution of capital two women and multiple public media this is marketplace tech demystifying the digital economy I'm Ali would Carla Harris is vice chairman of Global Wealth Management and head of multicultural client strategy at Morgan Stanley the M dot com if you could make trillions of dollars investing in more diverse founders why wouldn't you from American value of companies that have more women internally or the performance of women lead founders or the success is multicultural missing out on as much as four trillion dollars in value by not investing in more diverse founders trillion Carla Harris is vice chairman of especially when you're driven by returns I want to move up the money chain when you put out a report like this from Morgan Stanley are you speaking not just a venture capitalist must eighty percent of those men are white probably because ninety percent of venture capitalists are men mostly white but new data shows that BBC's are leaving a lot of money on the table by only investing in people who look like them Morgan Stanley put out new information just this week that says venture capital as an industry could be that's where the ultimately the change has to come from like if LP's Al- suddenly introduced you know diversity riders if every pension fund that was going to put some money into venture capital said entrepeneurship no question and you absolutely started to see some of that in the private equity industry where LP's calpers and Kosters certainly did we to invest more broadly but that doesn't make sense right well let's talk for a moment about how venture capital firms make money and why I suspect it is their investor that should be enough evidence right we should suddenly I'm sure that in the next year we will see a flood of new investment when multicultural founders right well things have been bumping along you know in fine form and there was nothing to counter that argument there was not necessarily a motivation on instigation to change it hey my pensioners want you to do the best you possibly can in that means investing broadly is that what it's GonNa take well I'll tell you I do think that that would be powerful double wealth management at Morgan Stanley and she says the numbers are getting hard to ignore I think in the last few years there's been a lot of data that has been released that talks about the entrepreneurs so now I think there's far more data out there that is supportive of the argument that in fact there is something to miss but I think stop me if you've heard this before ninety one percent of venture capital investment goes to men but also to their investors limited partners who arguably are the ones who are holding the purse strings we hope Somali part of what we're trying to do is to say not only are UVS's missing it but perhaps if you're missing it you may be leaving some money on the table for your limited partners and I wonder do you think and now some related links we've got a link to the latest Morgan Stanley data and the survey of two hundred venture capitalists released earlier this week over at our website could difference though I think the same could apply here that's very reasonable right the survey says that women earn seventy eight cents per dollar invested men only earned thirty one cents I won't necessarily say it would be a flood but I'll tell you we would be very happy to see that happen if this one report made that kind of difference in the industry we'll take that all day long eighth marketplace Tech Dot Org one interesting result of the survey data is that sixty percent NBC's say there aren't enough women or multicultural founders in their portfolio the Wall Street Journal tried to break it down a year or so ago but investors are putting tons of money into venture capital and private equity right now because stocks and bonds are kind of flattening out I would have to demand major change. VC firms make money by charging a fee for managing money that's about a two and a half percent of the amount they raise says apm this marketplace podcast is brought to you by entercom intercom what's more of the Nice people visiting your website to give you money so they took a little chat bubble in the corner Google's so that even if everyone is doing fine right now why not at least try to do better Matt Pretty and Stephanie Hughes Produced Marketplace Tech Jody on customer unity got forty five percent more loyal users with intercom in just twelve months go to intercom dot com slash podcast to start making money from real time chat the website and packed it with conversational bots product tours. NPS surveys all sorts of things that amplify your team and help you reach more nice people in eighty three percent of them don't think they would lose money if they invested in a more diverse set of founders however three out of five of those VC's say it's still not a priority so that means the firms are making pretty good money on the fee for managing these increasingly huge venture capital funds. They only have to hit a big once in a while but what Carla Harris is saying is that these investors instead of having one facebook but one google every five or ten years could have two or three or four or five facebook Sir and then they take
The Cost Of Climate Change
"N. P. R. Very expensive a Bloomberg cost upwards of twenty thousand dollars a year per person which is nuts characterize that as a sound investment mation in real time and then sorta manipulate that information so that you can play that make charts and graphs and all kinds of other things yeah yeah this is things like stock prices going up and down very meaningful to them as very valuable but that is also why it was so we're when the rainforest action network bought a Bloomberg terminal they decided that they would pony up the money for a one of these Bloomberg boxes and that's expensive right expensive I mean look every brokerage house in the and so you know Bloomberg Terminals Cardiff Yeah I know Bloomberg terminals I used to have access to one back in the old days and I'd love to have access to them again unlike wheat crop prices and like all kinds of things that people used to make trade my mouth is watering right now and and this like speedy knowledge is old has one but they became the first Ngo I think with one bill mckibben is climate activist and author and he says the rainforest the world of finance they're kind of like a computer that is connected to a special financial internet is that fair yeah I think that's a fair way to characterize it they give you a way to get financial and in but I have a feeling NPR's not going to spring twenty thousand dollars they cost straight and get computers that weren't manufactured in nineteen eighty seven I but yes they loom very in New York Bureau but fine we'll talk about what on earth you would use this thing for a minute but you know the people who use them generally are bankers and traders this information is and they were getting people and investors angry enough to complain it was kind of like a roadshow of shame bill claims it's been working the New York City pension us America these shows were like rallies where they highlighted how much local investment funds like university endowments pension funds were investing in fossil fuels Oh online learn more at google dot com slash grow bill mckibben is the founder of three fifty dot org a climate activist group it's focused on decree facing the global use of fossil fuels and bill says his group really liked the economic approach that the Rainforest Action Network taken so there group started following the money to looking at which big investment funds like pension funds and endowments were investing in fossil fuels like coal and oil companies do roadshow around the country we don't like you support also comes from Google from Connecticut to California from Mississippi to Minnesota millions of American businesses are using Google tools to grow I there were people they're demanding that we divest and and I listened to them eventually looked into what they were saying and understood they were right and we uh without the pressure it probably wouldn't happen bill says the trillion dollar Norwegian sovereign wealth fund money at a fossil fuel investments as well as the University of California endowment and pension by lending and oil companies want to borrow the money why should they not lend it true enough look we're in put every during the apartheid era there was enormous pressure on banks to stop lending the South African the South African government and its subsidiaries and there's some the biggest wealthiest companies on earth if your bank that's really attractive still bill says there is a precedent for pressuring banks on ethical grounds a bunch of banks did eventually took a lot of work to push them there but eventually they did and that that along with stock divestment was one of the things fund but bill ads that really move the needle they want to get to the banks fossil fuel companies need a lot of money for equipment digging drilling and exploration ientist now is calling an emergency may be the most dire emergency that our species has ever faced so people are going to have to make some changes in businesses and as the comptroller of New York City said the other night at a meeting he said you know every place I went for years Har in the aisle at participating national locations you can even select an upgrade without paying extra learn more at national car dot com slash NPR. Do if you're planning on taking a company we did but these were very public we did I think we did twenty eight shows in thirty nights all across usual for many people those changes are really hard bill admits this is a long shot banks do billions of dollars worth of business with fossil fuel companies every year homes these things come largely from fossil fuels it helps to underpin the global economy which is why everyone freaks out when gas prices go up people suffered activists are doing with the rainforest action network did their following the money dorms rising sea levels dying crops these all cost money and sodas drilling for oil digging for coal cutting down rainforests so increasingly and that money often comes in the form of financing in loans from banks and so- bill's idea was to pressure the banks and maybe you can get them to stop loaning money to fossil fuel company the global economy in all kinds of ways thousands of jobs global trade travel getting food to people who need food it could kick off a terrible economic crisis oh the environment and the economy deforestation climate change these are big political fights right now but these issues are also about economics because bigs they were kind of running the numbers backwards the league table they were publishing each year showed who was doing the most damage this worked the rainforest action network picked out a bill counters that not taking money out of fossil fuels fast enough also could have dire economic consequences he points to a recent study from the intergovernmental panel on climate change would cost about fifty four trillion dollars to put that number in context that's more than twice the value of the entire US economy and about ten percent of all the yes most of these banks are public they have a fiduciary duty and they are lending money because it's part of their business you know it's their job to make money and one of the big ways they make money that would be a sea-change the other banks would quickly follow Stock Market Valuations would change dramatically flows of money is that people like Nelson Mandela credited with helping South Africans liberate themselves in that great struggle but again this is not just an ethical issue on planet Earth Right now it's a lot and many estimates say temperatures could rise by that much in about thirty years so what the heck that's Today's indicator fifty four support for NPR comes from national car rental who wants you to know that with a membership in our complimentary Emerald Club you can skip the counter and choose any city group so the rainforest action network ran a campaign showing celebrities cutting up their city cards and eventually city grew came around it set up an organization with would stop heading for coal and gas and oil and head much more directly into sun and wind it would be as big as you have to pay more money and if a ton of money vanishes from the fossil fuel industry too fast and before there's something that could replace it on a comparable scale it could totally devastate it is the most destructive for the Amazon rainforest it's all wear the company's doing those projects were getting the money to do those projects and a lot of it was coming from loans given by it's also about economics and here's where things get complicated see our economy runs on fossil fuels our cars our companies are overseas trade the heat in our all of the money whenever it deal alone whatever it gets made everybody goes on the the word goes out on the Bloomberg Vox in it's a big celebration or trillion dollars and a lot of that estimated cost comes from things like crops dying due to changing weather or coastal flooding cleaning up the damage and then fortifying the city tried to put a price on climate change itself and it calculated that for a one point five Celsius increase in the temperature at about two point seven degrees Fahrenheit by the way speaking of beating money twenty thousand dollars for a Bloomberg terminal still think it might be worth it might be worth okay okay what would you look up on it and drought so heat related stress illness what kind of an impact cannot have if banks withhold their funding. Oh Hell I mean AC change as it's possible to imagine and really the only one that can come at that kind of speed bill says money is kind of a ham fisted way to effect change can't have all the caveats and compromise that climate treaty or a new lock at have but he says for making something changed really fast and really dramatically. It's hard other banks that would limit lending projects that would damage the rain forest. This is the indicator from planet money. I'm Stacey Mac Smith Cardiff Garcia today beat money deserted indicator was produced by Lena Sons Gary Fact Check by Nadia Lewis our editors Paddy Hirsch in indicator is a production of NPR action network but a Bloomberg terminal so that when any company made a deal that would in some way affect the rainforest the rainforest action network would know immediately and could then now look what what look on say so yields.
Tim Brown on Allbirds' Sustainable Footwear Revolution | Drive Season 2
"Options most dynamic entrepreneurs in their own words season two is focused on sustainable entrepreneurship and today I sit down with Tim Brown. I'm Ron Ahmed founder and CEO of the business of fashion and welcome to the second season of Dr delivered by Dhl where we hear the stories nuclear is focused on people building sustainable businesses sustainable fashion businesses but before we get into the kind of roll sustainable fashion business from scratch Mr Tim Brown welcome to London my father was he worked in the not for profit sector he worked for the Cancer Society Banados United Nations origin story of all birds I wanted to learn a little bit about you I and a bit about your background and what were you like growing up thank you thank you for having me thank you for joining us for the second series of Dr This series is all about people building businesses who have the drive and stamina to create big things with big impact and you are certainly a very good example of that in this series and a minimalist in the way that I view the world it was very very hard to find simple so I sit out in the off season to try and work out hat ah I you know very quickly gravitated to the creative parts of of of school design in particular was one of the development programs and Zeeland and my mum's illness and I went to school and you know I I love school with the things that you're passionate about over the things that drove you oh gosh thanks for having us this is great it's thinking about when you were kind of imagining what they kind of unique selling proposition would be for. These shoes became clear that the footwear industry brand is a big corporation and to hear why just getting a little bit better every day continues to be his mantra for sustainable success was actually sure so I I started experimenting with the idea of business and in the for spice while I was still playing professionally and I used to get free gear which was imagine that it would be an architect and then headed love affair with with sport and specifically football what kind of football is in the round bowl the about a revolution in sustainable manufacturing and a category in in fashion and foot with had an enormous problem to solve thing we were hugely energized by that challenge in to be here I I I was actually born in in London my father was English my mom was a Kiwi and we moved to New Zealand when I was was very young three or four and seemed to me full of opportunities for innovation doing things differently and so what what when you were conceiving the idea apart from the sport football shape kind of my life growing up for the most part and then how did that all lead you to you know what we're here to talk about today to open very had a a prevailing low cost mentality tended to default to make things out of synthetics incredible margin pressure to solve that problem with no knowledge of foot in particular deep interest in that particular category just the curiosity and a problem that was as far as I could tell my own and kind of minimalism and the on the design side anytime you know there's no shortage of shoes available in the world what were the other things that you were injury quickly decided we were going to take a crack the idea that we pocketed a supply chain could have real impact not just because that could build a big business but because we knew we needed was arranged by the materials that hadn't been explored and coming from New Zealand the land of twenty five million shape the idea of wall and footwear seemed like one of those obvious things that so often so the idea that you might propose an innovation or a different idea global funding when I was playing soccer and playing football how do you go about designing shoe made of a material that no one has ever thought of using designing shoe when you have zero expense will in in sneakers but it was kind of a revolutionary idea now it didn't it didn't seem that it seemed like one of those obvious things and I couldn't quite get in and and I stumbled into this industry that I knew nothing about that was incredibly lodge incredibly antiquated old fashioned in the way that the shoes were made war was all about cost and I you know I I saw an opportunity to use other materials and it was some it seemed obvious to me that the around Polo game and you know and I and I fell in love with that too and those kind of things that the school and the creative part of school and and the beginnings of of an entrepreneurial idea with a material innovation and a little bit of shoemaking knowledge having sort of fumbled with the idea of making shoes for the wall the clock and I think he was intrigued by the design challenge and maybe the absurdity of the challenges you just outlined and we started working together and he's now with US Ernie Tim did you realize that you know sustainability was gonna be a big part of the value system of this product that you were had that not been done why did that seem obvious because it seems so counter intuitive you guys have now kind of popularized the idea of the World Cup realized my football career wasn't going to get any better and retied and actually came back to London for for for business school graduate school and head incredibly tough period with synthetic industry had sort of taken over and had become the low cost default option for just about everything done a poor job of market good answer then that was something worth pursuing and I came back and had one of those little sort of moments that that pushes you to the next stage of of trying to solve this question and and I met him and I told him about this idea and he you know I think he got and I think he saw the one and you nothing really about the spice but it was a little bit of validation over a couple of years this material for use in footwear was created for me and I subsequently one of the best parts about being professional athletes as well the frigate that you ought and the foot where was lug owed and colorful and change all the time and as a sort of a friend from the sites introduce me to my now co founder Joey who's from San Francisco instead France and designing a shoe very slowly and after education after iteration and I I was very very lucky housing campaign coming out of coming out of business school that had had some success and he'd been a customer and so we were friendly if not friends Plod with friend that was helping me at the time for an innovation grant from the wool industry is a really important industry has gone through this agree with so noisy and crowded and there was an opportunity to distill only gonNA make one snake and one in one form in one silhouette what would that in San Francisco as head of design and has been with us on this journey since so sick at two thousand night we tried and we interrupted him we learned and then we have subsequently what I've I've I've realized innovational when you US really simple questions about about you know footwear sizing or wool and shoes and why is it not been done and you can't really get the what many had kind of literally professes kind of labeled an ill conceived idea and strategy and plan wondering why onto mate a really really talented Kiwi industrial designer Jamie McClellan who actually has spent a lot of his time in London working for With Tom Tom Dixon updated the material and we found an Italian mill outside of Milan to Mike the Second Vision for arson and then went through every sort of mistake you can imagine solving this problem on shore of why I was doing it and my my girlfriend now what the time roommate from college she's from New York so he and he was at a you know he was he's a fascinating guy he his career has been about sustainability and the environment and the the things that you know that we wanted to maybe get out of work and the idea of voting business what that should mean ebbing part of this this team that had gone into fist on the twenty eight years to the World Cup and I and all of a sudden I found myself in London with is an engineer who had been working the renewable material space and biotech company that had been really successful in San Francisco and he said come his commitment to this particular purpose and the urgency of of of the challenge in his mind as in the opponents of y of the business beyond just making and selling something I'd certainly been grappling within and you know leveraging Joey building it's it's it's a really important question I I found myself in London after this career where he played for New Zealand that had been really meaningful for me and to build a big business to have the talk of impact we wanted with the materials that we were GonNA use so here's my conversation with Tim Brown to learn what it really takes to build a global exactly I was doing it I hadn't grown up on sheep femme as good as that would be for the story and I had grown up with a you know as a trainer sneak of free that always imagined this is what I would do and I found myself sort of into the back of it realizing this wasn't actually about shoes and it wasn't about wool this was actually about a revolution in sustainable manufacturing in a category in in fashion it's funny it's especially in the world where you're at in Silicon Valley the understanding of fashion as an industry just on the basis of the recommendations of your active partners Admit Joey before we've seen each other at weddings he'd actually you know had done an early crowd foot with had an enormous problem to solve and I think we were hugely energized by that challenge in very very quickly decided we're going to take a cricket so what was it that happened the belief from some really You know influential people that you could take a crack at this so when you met with investors let's talk a bit about because out of Joey's mother-in-law's place in San Francisco with his dog Walter having raised a little bit of money with the and imagine all the things that sound a little bit silly when you say them out loud about something you might tell her grandkids about and and again a little bit cliche but very very true in this case she we're doing this and what the opportunity was and also I think he'd you know impressed I would like to think well maybe a little concerned that we'd spent so long tinkering kind of respect for like deep value-based businesses like like the one you've built you know there's maybe different levels of appetite for that like how would you go about pitching the business so he doesn't New York Okay Okay that works Yeah Joey had been you know to his father I believe founded the Huffington Post and He you know a very short space of time was I let sean toward looking at not kind of in a few years but now really was sort of just incredibly energizing and it didn't get easier from that point that's the mummy dialogue back and then you divan okay so we in in pursuit of the singular form I think it was literally north of one hundred fifty versions of to the point of driving people crazy and at what point in this references these these days but it was easy in some ways to reference Joey but Dan asked for four or five people in their New Zealand than whoever calls he called every single in Utah Van. What did you do next I came back and told my my girlfriend now wife who love London that we were moving to the list fashionable capital a Tim said a moment and time in this project and and I'm at Joey and I I flew to San Francisco on a whim one die in marched and how did you choose investors along the way that that truly understood the mission and purpose of the company building the same way Ben Larry did from the start the commitment to I think AH vision on the product that was more than we see a white space and we should build a drink shimmer footwear brandon actually the started San Francisco and we're GonNa take a crack at us and two enormous credit she didn't hesitate for a second then we found ourselves on a plane and we one of them inspected them for half an hour an hour about million and My background what I did when things got tough and he did his diligence and people that had proven a different type of business bottle and how you might go after you know an old fashioned category with a different type of working does with him and this if if you not doing it for something larger than yourself for some reason it's extraordinarily difficult to build a business introduced to a gawping Lira who again you might be with who you know who who took a chance on us and I think he that's what gets you through those tough moments right you go back to that sense of real purpose and mission yeah and that ability to you know what I'm just GonNa fine just because I want to and And I think he was looking for a little bit of that and I think he found enjoy two guys that are pretty competitive and that fateful weekend in San Francisco that helped you come because that you know that sounds like a seminal moment it was and well the truth is that I'm GonNa just grind here and it will be probably easier and for the most part will logical good advice would seduce less should stop doing this and I'm GonNa just keep and he wanted to know who we were in a way that was intense but I think you you like this is a guy that is is asking Auschwitz's he'd founded the fund with from starbucks and he was a guy that came and and deeply wanted to get to Nas and I remember you know run if even though we sat there were very few ounces we gotta work really really hard to tron trump fundamental he backed us as you've gone through those investment round and what are you going to do in the skits toughen and what do you want to build here what's this what's the reason you're doing it went where does your drive come from basically yeah go about then figuring out if customers actually want what you're selling you know we'd been so far down the road and maybe again that's part of a little bit that Joey cooked meal lamb stew which was my first taste of his sense of humor and and You know we got we got caught drunk and And I think we should brand that I that I think are really important so monies in the bank you and Joey have the y you found your co founder how do you uh-huh with a deep deep problem that that I felt in a deep deep purpose that Joey didn't and I think he was smart enough to see that I think the right questions he's sure he's interested in in in the margin but it was mocking plan and it was more you know who at you and funny we wrestler money in the investors who loved the idea of launching with one shoe hated the soon as you evaluated the risk of went wrong right and development times for forward in the footwear spice and yet a huge change in apparel so there was an opportunity to and and then you know we just we just worked on the idea that there was an opportunity with this design aesthetic and I I think it was validated I think on a macro level by this idea there's this huge shift in the white people were working rations how did you because this is very risky yeah calculated risks and since that we've been working on this for two thousand eight a big part of it and then subsequently a couple of other guys and and I think you can tell a lot by the tough questions people are asking what are they interested in seaman we flew out and we spent this kind of weakened as formative weaking together when I was literally sort of weighing up maybe not doing this and we I'd like to think about what being sores we was so far down the road with iterations and and and and versions of this thing that you know we were will the the the hopes and fears that anyone who's ever done that experiences win win Kiev what you wish for all of a sudden you have a little bit of money in the bank in Hsun this product with the view that we're GonNa we we're gonNA live or die by by the conviction that list was more in this particular space and thing and then also working out when you need to ignore yeah I think the feedback that's the most important as a feedback from the customer like if you have if you're trying to revolutionize really strong point of validation interestingly enough you talk about the point of the the issue of feedback the soften people talk about listening to feedback but often what's the you know for two two thousand and sixteen so there's a long incubation show and we launched the product after business school which was a kickstarter campaign that had taken the product disruptive space and you go to people who operated in that space for decades then chances are they have kind of you know blinders on in terms of what you know what good looks like back but if you're trying to do something different you know you you need to step outside those blinders a bit the the the the ability to to to throw the we were lucky and I think it was a combination of good fortune and instinct and so the next person we met was the Danley ten who ran a member on which is and you know with driven we will get if we're GonNa put a nice this thing we might not win but we we sure how we're going to give it a damn good guy and he was he was opportunity to sort of either succeed will file and it very very quickly succeeded and I think it suggested a global appetite for the product and the brand and the story I've looked as the idea that you have to ignore a lot and we'd had that many different industry experts come through from either the wool industry of the footwear industry and tell us stunned called with it's not like if he launch a shoo-in unlikely he kind of launched another one the next week we weren't traditionally in Fort where you have entire range and you plan to change it seasonally we in some cases decades of experience that this was never gonNa work and you had you had to find a way to look past that so the feedback thing is kind of a two sided coin really in in but how did you did you have feedback from Rio customers or you just blindly went in with an enormous amount of feedback known a bit about that in all of these worry out on kickstarter as I did and in March of two thousand and four with a video that I shop very cheaply on a family friends sheep was an enormous not predicted but largely aesthetically about the you know about the creative vision that we had the product and the idea of making sure wolf so that was and a category that you know that had m- had never been exposed to the idea of woolen shoes so it was novel but it clearly resided that right and we stuck to it in on the first of March twenty six year olds went live with joy in about four other people but still at that point you know uncomplicated enough you also decided to start or set up the company as a B. Corp is that right talk a little bit about because a lot of people don't even know the parents had gone to from nine to five on his work uniform and nomadic uniform and that was completely pin blowing up which is not a new idea but certainly felt like there was lists solutions legal responsibility to to do the right thing by that by that stakeholder effectively and it was powerful and so we did that from the this category of company like what what does that actually require when you're setting up the business and how do you think that's changed the way you and your team and your co-founder of the breakout brand all birds to discuss his decision to not only adopt wool unnaturally sustainable fiber but to register his global shoe out to the world and in four days had kind of sought out of a very small amount of shoes so that was really strong they'll model largely K.. Stirs think about the company you know it was it was an opportunity to enshrine the values of our commitment to the environment and the governance of the company and so that we had and you know they should they should ask this question they should ask about the fundamentals of the business and the business new margin structure and you supply chain but also this questions about you and a responsibility not just to deliver profit to shareholders but one of our one of our stakeholders was the environment and so we literally have you know I think it was a it was a it was certainly a very painful time to actually sort of look at how to do that and deliver it but ultimately yeah if I look back on it it was really important and as if that business school within the Neo Blumenthal and from your bar and Jeff writer who just gives great cause I mean if you stand on the shoulders of giants in terms of beginning and really gotten no pushback from from any investors in many ways so alive without purpose that was no question certainly not from being and in the was the we're GonNa Watch with one shoe and it was going to be made from wool and and that's what we committed to and I'm really proud of that because I think would have been the this easy so easy to kind of he was interested in in that y deeply as small as a man's as he is he is as you deny runs a venture firm in New York City could lira hippo and we become certified from the beginning and it was just another opportunity to plot of flag and say what type of business we want it to be and certainly in the in America acidification which is on a separate but sort of related thing where every two years you you you certification of score out of two hundred solutions that enable fashion businesses to grow sustainably as they expand domestically and it's a new international markets for more information about industry presence in more than two hundred twenty countries and territories DHL provides tailored and comprehensive go green logistics and business DHL and how it can help your business increased transparency around your environmental impact minimize logistics related missions and offset what cannot be avoided stitches businesses from billion brands to emerging designers and innovative SME's DHL is stitched into the fabric of the two point four trillion dollars Elle sits but it was I think it was about you know it was about who who did what and how and is going to work you raise the money got the B. Corp Status Setup and then it's a day of the launch you know what were you what was going through your winging disagreeing and I don't think we quite yet found a mechanism for just releasing that on a regular cadence this sort of just that not a negative thing but a really healthy thing visit logistics dot dhl so take us to the moment where you you've done the kickstarter campaign you bit of Intel from customers on the surface everything was was fantastic and enjoy head out Kinda I reload moment as co-founders which was funny because sometimes when things are going is on the outside so well you know you realize that gosh this stuff's hard you're in this incredibly intense situation intense relationship in and very very quickly the thing just took off and there wasn't really time but what what was what I remember very early on a few months when and so we just had one of those little turfs did you sit together like how we still do actually look at each other like I'm looking at you right now I have done for you see no no no signs of slowing down this cost is delivered by DHL after logistics partner of many fashions most it's really simple stuff and I think it was an opportunity just to reduce it you know we were we were we pride ourselves on kind of overlapping and speaking to each other side and Sharma being really difficult but actually what formative what did you find about running the business co CEOS and we have very complementary he is and it's a very different folks as an engineer I'm a designer he's had this you extensive business career this is largely my first job in which we'd we'd had a business plan that I remember that we wrote that even in the process of getting a little bit of money largely laughed at and we blew through that in the first couple of months and that morning when you were like putting everything up you know I think you so busy you just you you kind of you just just happened and it had for me the first job who worked for anything other than a B. Corp and I think there's multiple thousand companies now in the states that are that that would be corpse and on a workout how to maximize each other's potential and we're pushing with Aleve alone Kinney intense relationship that that is not a was a straight line it's with this person and you're trying to lead this growing business and you don't quite how it's going to go and then it goes really well and then you have a kind of a big kind of fight ever a straight line especially for the people working for you because if they don't understand you know what does Tim do what does joey do like what's their what think having done it a little bit myself I've been nothing's any other way than to do it with a Chi- phanor it's an incredibly lonely thing with you managing no people or one hundred people with three what are their responsibilities and who do I go for and who's in charge and it's really confusing totally and you know this and it's really hot I mean I what protecting the organization from a lot of disagreement but not all of it and that the idea that there was no singular person in charge could be a strength if it was cultivated and managed and that the idea of to bite and discussion was something that could make a stronger if we worked at how to manage that Kinsley and we invested in that end we look at things very very differently and have found a way to make that work I feel very very proud of that partnership because Andrew People and we found a way and I think maybe from that my aunt for look back on it committed to the idea that we can go together and then we can individually and this was about a good X. hanging over the situation yeah so the initial signs from the market was that this thing was going to work and then the next it's a place the aware if you're not imagining this thing is being wildly successful than you not in the running so the idea that we acted a supply chain though could have real impact age of building a business than scaling can you talk a little bit about that the thing we were largely profitable from beginning okay yeah but we we hid ourselves targets and revenue plan a few months in in exploded and I think that's where San Francisco actually becomes interesting as pointed discussion because I think act not just because that could build a big business but because we knew we needed to build a big business to have the type of impact we wanted with the materials that we were going to use and we also we had accordingly we you know the the ability to XS talent in that particular part of the world was enormous and immune Senate's competitive but we were cultural a little bit J. Tom Differences but was really really important and focusing and vision for the future yeah I mean sometimes I think when people talk about about what that means practically speaking from a talent perspective and from a even from a supply chain perspective going from you know I don't know what it is but also imagine success and imagine that scale and beckon yourself that it was going to work out and the juxtaposition of those two ideas was was a little bit New Zealand American Gosh it's it's it's hard gets really pissed that I guess we had the one we promised that was that we were not gonNA fall out to the extent that a demonstrator friendships that was a discounted up up here it was the sort of ability to stay incredibly focused I mean literally one stall the gate we saw one shoe for the fish fourteen months and just before sick and booth they and withing two stalls at that point we we saw a million pairs of shoes and we'd stories like all birds it's not apparent everyone how hard it is to scale as you're as you were scaling up to a million shoes but like talk to us a little bit very quickly realized that the brand was going to be critical to the success of the of of the story and of how you protect the brand nurture that story and worry about and think about every single detail every single customer contact point meadows and so that was really important Pointon and then we just we slowly added that talent was not with where we were but where we imagine we could be in mind and I think that take from the beginning high really really experienced people that we could learn from them and allowed them to build up the team so that was a big focus of the early stages and and not knowing about footwear and supply lines in and very quickly realized actually we need to get some people at least a few people in here that really understand this we think about customer acquisition you know we hadn't really all that much okay you know it's funny that has never been easier to launch a brand and we want to give you an opportunity to do this in the right way let's build a really successful business but let's do it with the idea that there is more on the and it was beyond just making and selling and that you know that was helpful to and and you know that largely friends told friends and invested in a really wonderful brand marketer Julie channing who we came from Levi's Nissen really understood the intricacies agree because making this product isn't an enormously difficult you know so there was and then we're actually as a benefit to maintain that outside a status how do we do that and this metres and come help us out the other thing that a lot of direct to consumer businesses like yours face in the beginning and throughout optus high really really experienced people and sort of say hey we don't tell you what to do we want you to come and join our team we wanna live from you is that you sold at the beginning but going up to a million pairs of shoes that's a lie you very quickly I mean I think we we would pallid by this naievety that we didn't know what we were doing and we literally were coming into this category and and people right and the famous people and I read somewhere that one of the pivotal moments or a moment was when Leonardo Dicaprio tweeted out that he didn't reached out in the early dies in one of the pair and she's obviously similarly sort of aligned with Al purpose and Matthew mcconaughey will the shows because hiring people why this method and why this you know this brand was very very small and had done little but had a big vision and this is what fit fit into the world that we live done and what was important chill fit right so it's a real endorsement but there's all of these famous people wearing your shoes like how did how did they discover them and interestingly Leo just on on the and and in some ways the the barriers daintree never been lower and it's never been more competitive and we were we were focused so deeply on this product cusp of a of a revolution in the way of made sustainability is the problem that
The Most Expensive Thing in the Universe?
"They all Bill. Hello and welcome back to the space news pod. Your daily source for space science and tech news. I'm your host will Walden. And I was wondering the other day. What is the most expensive thing in the galaxy? I did some research in found out that it is something called psyche sixteen it's an asteroid, and it's worth ten thousand quadrille again dollars psyche sixteen is almost entirely made of iron nickel, which is very similar to the earth's core. And I'm going to tell you all about how dangerous this asteroid is to the world's economy right after this. Hi, everyone. I would let you know about inker dot FM. That's where I host podcast, and I find that. It's the. Easiest place to do that. And it gives you everything that you need in one place for free, which you can start podcasting from your phone or from your computer. You don't need special crazy equipment to start doing it. You can talk into your phone until editing equipment that costs thousands of dollars to start a podcast. You can do it from anywhere in when you're done recording episode anchored at FM will distribute it so it can be hard everywhere on Spotify, apple podcast, Google podcast, Stitcher, every place that podcast can be heard in. You can make money with your podcast. It's pretty simple. There's no minimum listenership to start making money with anchor. So if you wanna make a little bit of money while having a cool podcast while download the crap or go to anchored up FM to get started. Psyche sixteen is the most expensive thing that we know of in our solar system, it's made primarily of iron nickel similar to the earth's core in that respect, and it would completely crash the world's economy, if the company were to asteroid mine this thing, so if they were to take all of those materials backed out, it would absolutely be catastrophic for our economy right now, the world's economy is around seventy four trillion dollars at seventy four with twelve zeros behind it and sixteen psyche is ten Quin tilles dollars, which is a one with thirty one zeros behind it. It's very very expensive in that means that this asteroid one hundred thirty. Five thousand times more valuable than all of the money on the earth. This kind of value while you can't really wrap your head around it because we don't know anything this worth that much. This is the most expensive thing ever that we know of. So if you're kind of feeling overwhelmed thirty one zeros behind the one that's a really really big number, right? That out I'll take you a little while while it's because of all the nickel on this asteroid in the cool thing about this asteroid NASA is going to send a spacecraft to it is going to explore it. It's not going to mind it. So don't have to worry about the world's economy crashing ever. From this thing. But it's you know, they want to explore it because they want to kind of figure out if this is the core of a planet. You know, they want to they don't have the opportunity to look into the korva planet ever. So this thing is the closest that they're good get to the core of a planet that they can study because it's just for science. It's not for money. Now that being said can't another company go visit this asteroid and Mynatt while the short answer is yes, they could that surpass ability. It's in the realm of physics in engineering. Now, the other thing is it's going to cost a lot of money to get there. And they don't really know what to do with the asteroid when they get to. They put it in orbit around the moon to they take it back down to earth. Do the used these materials to build spacecrafts in space and to further explore the outer reaches of our solar system and our galaxy. Well, there's a couple companies out there that are working on asteroids mining, and if they were to be super evil if they were going to be dreadfully evil, they could grab this asteroid bring it back down to earth and crash the world's economy now. Luckily, nobody quite has that technology yet the working on it in the really do wanna start mining asteroids in the next thirty years, and in the grand scheme of things companies like, you know, planetary resources in other mining companies like them while it would only cost about two point six billion dollars. To capture Nastro it and bring it into orbit near earth. And then we could have human exploration of the asteroid. We send up robotic mining tools, and we could get all the stuff out of it in this most expensive asteroid it's named sixteen psyche. For a reason it was named after the psyche who Mary cupid in was put to death by Venus and cubits request Jupiter made psyche immortal. It's average diameter is about a hundred and thirty miles. That's one sixteenth diameter of earth's moon and about the distance between Los Angeles in San Diego. I've driven that a bunch of times actually when I lived in California that doesn't take that long to get across this whole asteroid couple hours actually in scientists think that the core of psyche. The whole thing the asteroid is possibly the core of an early planet may be as large as Mars and it lost its rocky outer layers due to a. Number of violent collisions billions and billions of years ago. Massa's mission to psyche targeted to launch in October of twenty twenty three and the psyche spacecraft would arrive at the asteroid twenty thirty following an earth gravity assist. Twenty twenty four and a Mars fly by in twenty twenty-five in over twenty one months in orbit the spacecraft will map and study sixteen psyches properties using multispectral imager again, Maria neutron spectrometer a mandatory voter and a radio instrument for gravity measurement in the mission's goal is among other things to determine whether psyche is indeed the core of a planet sized object. So just when you think that you are safe this this asteroid could be mined in it could crash the world's economy now, it's not gonna happen. No one has the technology quite yet. And if they were to do that. I'm sure. There would be some resistance to it. And people would not like it. So there'd be a lot of politics going on hand. People just probably wouldn't be happy. Unless you're scientists is making a bazillion zillion trillion jillion dollars off of it. So what do you think should remind this thing? Let me know on Twitter space news pod and Facebook as snooze pot. You can also catch me on YouTube at space news pud, and you can check up patron because there's some cool stuff on patriot. If you wanna help out financially Goto, patriot dot com slash space news podcast. We'll say thank you to everybody for taking the time out of your day to spend it here with me on the space news pod. My name is willa Walden. And I will see you soon.
Ep. 878 - Fight Night III: Clown Car Chaos
"Elizabeth Warren finally comes under attack and Joe Biden continues to Mumble as democratic panic sets in I'm Ben Shapiro this is the Ben Shapiro show so what did I miss guys the Ben Shapiro Show is sponsored by Express VPN protect your online privacy today at express VPN even if they are making some pretty good points now Joe Biden was supposed to be the marriage of these things right he was supposed to bring along the woke progressive base because of his time with Barack Obama that picking up any support inside the Democratic Party because the the most passionate part of the Democratic Party is that woke based Social Justice Warrior base and that means they're not going anywhere got to be a little bit suicidal after watching that debate because it just made the Democrats look bad right now Joe Biden remains the National Front runner according to the Real Clear Politics Elizabeth Warren is great when she is on her talking points she's sort of like Mitt Romney this way on the talking points good pushed off the talking points not too good because once she was pushed off her talking points he didn't have a lot beyond that he can't sustain for a very long period of time in these debates so he has a strong I move and then any sort of falls over born they have to ride that Hobbyhorse all the way to the election if they endorsed Bernie Sanders who's going nowhere then they get to look completely woke and completely committed without actually having to invest any time or effort campaigning it doesn't believe any of this stuff and so she refuses to actually say this stuff out loud if she were a true believer like Bernie sanders she just say this stuff out which by the way is one reason why Ilhan Omar Great Progressive Hero and at the same time he was supposed to bring moderates from Ohio and Wisconsin and Pennsylvania and Michigan he's supposed to bring all these blue collar workers who could've voted for Bernie also because of the time delays that means that the democratic debate ended in Israel about six eight Israel time which made for a bit of a long night a bit of a fraud night I mean if you think average Berlitz with Warren has pulled into the lead in both Iowa and New Hampshire where she has a slight lead in Iowa over both Bernie Sanders and Joe Biden and in New Hampshire she has a very slight lead she looked pretty weak last night Joe Biden meanwhile he's past his prime and his obviously past his prime he's sort of late stage Muhammad Ali in his boxing career and he's losing to but didn't vote for Hillary and then sort of voted for trump and he was supposed to be the great reach out candidate to those candidates but he appears we and this is leading to sort of vacuum at the top of the over Joe Biden but Elizabeth Warren was nothing to write home about last night she really was not she looked weak because guess what Elizabeth Warren is running as this wild-eyed progressive but somebody during the primary season and or general election with that said that debate last night really had a couple of themes theme Number One Elizabeth Warren under attack is not a strong candidate craddock field and if you are a political pundit you're starting to see this panic set in in fact you could see it last night where commentators on MSNBC were the democratic debates put you to sleep watching them at four am I mean that that will definitely make you want to hang yourself but here's the truth if you're a Democrat and you watch that to be was he shouldn't lose to and you can see this during the debates during every exchange he would sort of have one solid comeback and then he'd sort of collapsed in on himself like a dying star Orense and the and and and some of the other more radical candidate better the moderate wing of the Democratic Party they make the progressives look bad but they're not have not great people working at your company and you constantly need to upgrade like for example let's say the hadn't employees who came in here every morning and the clips just won't ready but you know what great employees then you want to make sure your place them forthwith so they're not wasting a lot of time and money ziprecruiter dot com slash daily wear and try them out for Free Ziprecruiter the smartest way to hire providing quality candidate. I mean you don't WanNa be sitting around with second rate employees again not talking about quoting here see why Ziprecruiter is effective for businesses of all sizes trust Ziprecruiter for free at this and AILSA and Rashied Ali are all talking about endorsing not Elizabeth Warren but endorsing Bernie Sanders that also chores up there sort of St Grad if they'd endorsed Elizabeth we're all on the Medicare for question and the question of which he raise taxes and she has a formula that she sticks to she says costs will go down veith people viewed him as the front runner so bottom line is the Democrats in in members the media but I repeat myself they're starting to look at this field and say this space for someone who who isn't Joe Biden to be in their C. N. N.'s John King who obviously is a member of the most trusted name in news the middle class you will not say the taxes will go up but other costs will come down as as Bernie Sanders says she just won't go there and she was pummeled for it basically lamenting that Elizabeth Warren was so weak but first let's talk about hiring at your company okay the fact is that you may have great people working at our company or you mean it comes out and he says it's pretty obvious that Warren and Biden as the front runners are also pretty weak front runners without a doubt I agree that the other candidates on that stage here are the commentators on an MSNBC panel last night talking about how she looked petulant how she didn't have good answers to her questions sort of sit around let the impeachment inquiry move forward and then as evidence comes out then you move forward with the impeachment inquiry according to the hill close he said on Tuesday she will not stage that's driven a lot of the thinking about the race I think it's driving the way that people think about where they fit the question is is there space this is the big question for the race right now right is this does not look nearly as strong as we thought it was going to look when this field shaping up now there was one area in which they were all unified and this demonstrates why the impeachment effort is being done of web address ziprecruiter dot com slash daily wire that ziprecruiter dot com slash Delaware says you all sorts of time and when you have second rate employees again not colon when you have the momentum yet with regard to impeachment but they are relying very heavily on impeachment why because when it comes to their own ideas their own ideas or garbage the only thing that they have in common and the real vote she won't even bring it up right why won't you do that because there's no upside for her she's Afraid Democrats might vote it down she doesn't have the votes for it quite yet so why not so that was another theme of the night the the biggest theme of the night probably is that all of the moderates who actually did a lot of damage against the candidates last night the Bernie Sanders is in the Elizabeth Does Elizabeth Warren really care about lawbreaking presidents no Barack Obama was droning American citizens overseas and she had nothing to say about that Barack Obama was presiding over an irs that was targeting the debate turned into a game of one upsmanship where the Democrats were like not only is donald trump a bad man he's the worst man the worst kind of man his political opponents nothing to say about that she didn't care about the rule of law obviously what Elizabeth Warren does care about is this unifying feature inside the Democratic Party and so this part of the debate the early so far left we'll take the country in a way that you can't win here in Ohio and across the midwest the vice president was almost an afterthought Joe Biden in this debate which is striking in the early clearly thought it was in their best interest to go after Elizabeth Warren to grafter her on Medicare for all to graft economic views to go after her more broadly and the idea that they think especially from the moderates aw over and over without consequences this is about donald trump but understand it's about the next president and the next president and the next president charges the idea that there is some vacuum and demand for kind of Non Biden Alternative to Warren and Sanders and I think that that's how you get Joe Biden who's been subjected to trump's attacks on his purported corruption inside Ukraine was we've got two and a second Joe Biden saying that trump is the most corrupt president in modern prevent further impeachable offenses impeachment is the way that we establish that this man will not be permitted to break take a sip recruiter as they make it incredibly incredibly easy to find great employees four out of five employers who post on Ziprecruiter get a quality candidate within the very first and it's very important vote on the House floor to officially launch an impeachment inquiry into president trump she knows no such vote would take place right so the Democrats don't actually have history and in all of our history this president and I agree with Bernie Senator Sanders is the most corrupt president in modern history and I think all of our history and the fact is that this United States has gone so far as to stay sense this latest event that in fact he will not cooperate in any take on the impeachment stuff happened from Tulsi Gabbard Tulsi finally made the debate and she was interesting at least you provided a level of interest the congresswoman from Hawaii it is driven by these hyper partisan interests it will only further divide an already terribly divided country unfortunately this is what we've already seen play out it makes it look like she's tied Chris Hayes comes out and he says the same thing he says there has to be some sort of demand for non Biden alternative worn in Sanders because this is love this guy until you keep him around until they can find somebody better via Ziprecruiter talk that you call them until not just someone completely who's not Colton could check out ziprecruiter dot com the she said that impeachment is appears to be partisan at this point which of course is true here is Tulsi Gabbard saying a true thing on stage which were not allowed to say if impeachment inside the hot box themselves inside the VW bug getting high off the fumes of their own farts about president trump being impeach so the debate starts off with that level oppose in the in the in the bucket and Kamala Harris is the person who's like what if I just did with Watermelon Kamala Harris will always a at all will not less any witnesses will not provide any information will not do anything to cooperate with the impeachment they have no choice but to move and the future of this country must go forward accuser so there you have Elizabeth Warren saying well you know we have to stop from breaking the one now time one of those drugstore is trying to shop around thirty five different overpriced options right now you can put the quality a dollar shave club's products to the test their ultimate shave starter set has basically everything you need for so calming and soothing dollarshaveclub keeps you automatically stocked up on the products you use you get what you want whenever you need it whether that's once a month or a few times a year and you're not gonNA have to waste right here and right now the Democrats do not have the goods from pavement right now when I said they don't have the impeachment right now I mean Nancy Pelosi will not even bring up the formal opening of an impeachment inquiry grubbed he's also the most unpatriotic so they just keep adding on descriptors Kamala Harris is always the person who goes too far at the party I don't know I don't know why everybody is is dunking Vitam Plane One upsmanship with Elizabeth Warren they have no choice but to move and then you had Kamala Harris who who came out after that and then she actually said that trump is not only the most commit starter set for just five bucks at dollarshaveclub dot com slash Ben that's dollarshaveclub dot com slash ben does check them out right now dollarshaveclub dot com slash Ben so job the unity and then it quickly begins to degrade it quickly begins to devolve but first let's talk about how you get up in the morning and you do your shaving and you itself he spoke about it today my son's statement speaks for itself what I think is important is we focus on why it's so important to remove this man go too far at the party she's just not drinking she's not playing beer pong she's playing like vodka Pong like that it doesn't it doesn't matter what you're doing Kamala Harris will go one step further now the only uh-huh look my son did nothing wrong I did nothing wrong I carried out the policy of the United States government I is asked I know it's unbelievable he actually is asked about the possibility of corruption here's Anderson Cooper asking Joe Biden about Hunter Biden and corruption inside Ukraine easing shave like the executive razors shave butter prep scrub post-shave do the best part is you can drive for just five bucks after that the restock ships regular size products at regular prices so get that his calls for impeachment really began shortly after trump won his election and as unhappy as that may make us as Democrats he won that election in two thousand sixteen rabbitohs shaving products it's way more than just razors dollar Shave Club has you covered head to toe they've got everything you need to shower shave style your hair brush her teeth I particularly love their amber lavender body cleanser season he was involved is because of his daddy's name he said in retrospect look I think it was poor judgment on my part right I think it was poor judgment because I don't believe now when I look back on it I know there was nothing here it is was annoyed because she came under attack and she was on giving her a lot of attack for the Medicare for the way whatsoever but he was asked about whether his last name being Biden was what led him to get the job at Berea and Ukraine he said I don't know do your toiletries but do you know the best products to use for that stuff I mean you normally head on over to the rite aid or CVS and you pick up sort of whatever's on the shelf after shopping for half an hour winging point is that they think trump socks and you could see that last night and everything the Democrats were saying it began with Elizabeth Warren who said she called for trump's impeachment as soon as the model report came out 'cause she wanted instead what you could be doing is receiving the best products in the Mail on demand and this is where dollar shave club comes in dollarshaveclub helps make your life easier to take the guesswork and the guarantee quality not the only attack on Joe Biden of course Biden was asked about his health as well because he's one million years old so Erin Burnett asked Biden about this it didn't go from office okay there's only one problem with what Joe Biden is saying right there which that Hunter Biden has already admitted his own poor judgment in getting involved in Ukraine he admitted that the only long at all I gave a hook to very unethical people to acting illegal ways to try and do some harm to my father that's where I made a mistake he said I'd do it to do anything improper no not in any way weekday man there's just not a lot here a Hayes says I think there's a sort of interesting theory of the case that revolves around people to judge and also I think there are certain extent but the popular line of the night is the Donald Trump is incredibly corrupt and Joe Biden is pure as the driven Snow Cory Booker Mr Angry is he packed his angry the reasons I am running is because of my age and my experience with it comes wisdom we need someone to take office this time that was so offensive he should not have to defend ourselves and the only person sitting at home that was enjoying that was donald trump seeing that were distracting from his mouth as last year and a half years here's the thing that Biden Biden really quickly in this debate faded into the Woodwork Biden was not the central issues clear to everybody on the stage that Elizabeth Warren is now the my question is if it's not okay for a president's family to be involved in foreign business is why was it ok for your son when you were Vice President Vice President Hey to why Donald trump is a very bad bad orangemen very bad in orange and why you should be impeach but what they're really trying to do is donald trump's dirty work and even asking Joe Biden about the corruption allegations of all human beings about this sort of stuff I remember when Cory Booker was calling Joe Biden racist that was like two months ago anyway here's Cory Booker I'm having these other all over again first of all because Nicholson in the shining mean the dude just over acts I mean chewing the scenery almost literally join the scenery like there was one point in this debate or cory booker actually went over to the it'd be done to get this country back on track okay well that is a riff on the Reagan line about not letting you inexperience be the obstacles in the polling data but Warren hasn't come under attack at all remember for the first couple of debates shoes on the kitty stage with a bunch of candidates nobody cared about who's onstage like bill de Blasio and then finally she made it on presidency when he was debating Walter Mondale but is it really effective for Joe Biden because Reagan actually looked like he was still awake in Nineteen eighty-four as Joe Biden looks like he has been asleep for mystically well for Joe Biden vice-president Biden if you're elected you will turn eighty during your first term last month for President Jimmy Carter said he could not have undertaken is the big stage in the last debate and Bernie Sanders decided to lay off of her well in this debate nobody laid off of Elizabeth Warren and she did not handle herself well to the step and repeat in the back of the stage tore off a piece and began chewing it and swallowing it was real weird so cory booker is a how dare you people ask Joe Biden the most honorable duties of the presidency at eighty years old. Why are you so sure that you can because I've watched it I know what the job is I've been engaged look as for this debate like Mr Potato had and he came out and he said how dare the moderators even asked this question how dare they even asked this question Cory Booker is but overall he was kind of okay if you've been brutal he would have sunk down into the single digits in the polls he did not and he's basically been stagnant in the polls and Elizabeth Warren has seen the slow steady increase rooting out corruption in in Ukraine and and that's where we should be focusing on and what I wanted to make a point about my son statements speaker all this play in two thousand sixteen election we are literally using Donald Trump's lies and the second issue we cover on this stage is elevating ally and attacking statesman and it was made clear after about thirty seconds on the debate stage that even Elizabeth Warren Kanta federal implants you also says wild and crazy things on a regular basis that are I don't know who's asked you know what about your last name being in that did that help you if your last name on Biden would you have gotten the jobs it's probably not in around who on Day One can stand on the world stage command the respect of world leaders from Putin to our allies and know exactly what has he knows that that will be the lead campaign commercial for the trump campaign and then she gets slapped over it but first safety is really important to me I have twenty four runner in this campaign and so the question was how could she take incoming Joe Biden in the last couple of debates is taken incoming and he was kind of okay already had his moments that were bad seven security at this point thanks to all of the various threats and so the kind of gear that I have on my house is extremely important me it's got to be top notch which is why I rely on ring rings little class for to pay for it yes or no so I have made clear what my principles are here and that is costs will go up for the wealthy and for respect he says that I don't think there's a lot of things that would have happened in my life my last name wasn't biden an Joe Biden his stations are a little bit too much on this with it and then you want to assess the value of the house tax me on the value of the house every year is a wealth tax how many times can you take a bite at the same apple anyway that's that's just one of Elizabeth Warns Wild Front Door Ring helps you stay connected to your home anywhere in the world so there's a package delivery or a surprise visitor you get an alert and you're able to see hear speak to them all from your phone makes me feel safer more importantly frankly immoral hey started with the debate about taxes so she was asked for one million time whether she was going to raise middle class taxes the answer of course because again Elizabeth Warren is too smart not to know that her plans suck but you keep saying that she has plans I have plans I have planned so many plants yes but your garbage cents and selling out of his office yes cory booker? I'm sure that CNN is doing the dirty work of Donald Trump and I'm sure that that is exactly what they were trying to do they just lent the first fifteen minutes of the big corporations and for hard-working middle-class families costs will go down in that is called avoiding the Question What Elizabeth Warren justed there that is just that is correct her signature is to have a plan for everything except for she doesn't know how to explain her own plans because her plans stink and then Buddha judge goes on are so frustrated with Washington general and Capitol Hill in particular your signature senator is to have a plan for everything except this boom he is sort of the the skull that the Party nobody wants to hang out with Tulsi because Tulsa saying true things instead everybody was high off their own fumes running their hot boxing themselves Sushi's radically going to raise middle class taxes and all her talk about taxing wealth first of all unconstitutional second of all to moral taxing people's wealth I already paid taxes on that stuff it has the capacity to reason well he went after her on the tax issue and it was not pretty for Mayor Buddha you say Senator Warren has been quote evade he is to obliterate private plants kicking one hundred fifty million Americans off of their insurance in four short years when we could achieve that same big bold Korea proposals so she is asked by one of the debate moderators last night whether should raise taxes on middle class and she will not answer the question will you raise taxes on the voice ouch and correct Mikhailovich are pointing out that Elizabeth Warren is a liar and by the way it is a lie when politics politicians lied to you because they want to make his over our property again making property safer which means a lot to me it'll mean a lot to you as well go check it out ring dot com slash Ben again that's ring dot com slash ben missive about how she's going to pay for Medicare for all what's your response we heard tonight a yes or no question that didn't get a yes or no answer but this is why people here in the Midwest mission is to make neighborhoods safer you may already know about their smart video doorbells in the cameras that protect millions of people everywhere I've talked about them on the show right that ring the doorbell and I can pick up from Israel and I know who's that rebel to and to chime pro which is what you need to start building that ring of security around your home today go to ring dot com slash again that's ring dot com slash ringed you're dying town they have no way of doing so you'll see Elizabeth Warren lying lying about middle class taxes by simply refusing to answer the question razer taxes your overall cost will go down because he will no longer have to pay for but your taxes will go up at least honest about it Elizabeth Warren refuses to say those words he explains that her plans are going to alienate a huge number of Americans and I don't understand why you believe the only way to deliver affordable coverage every it makes me feel safer as a subscriber over here you have a special offer on a ring welcome kit available right now at ring dot com slash Ben. The kit includes that ring videos stage saying Americans don't WanNa work for the federal government and all of that's true then Elizabeth Warren comes in like the Kool aid managers boom right through the wall a very mild mannered Massachusetts kool-aid man of the Federal Budget and Elizabeth Warren doesn't have any way to pay for that and this is the constant theme from Elizabeth Warren She's either saying stuff that is so radical that it is impossible to the single most important thing facing the American public I think it's awfully important to be straightforward with the plan is going to cost at least thirty trillion check because she's making moral claims or she's saying stuff that she herself cannot backup because the data simply do not back it up I mean here's one of her and she has read so I mean I guess that in any Case Elizabeth Warren explains that what she actually wants to do is force every corporation in dollars over ten years that is more on a yearly basis than the entire federal budget. Well Realistically Speaking Joe Biden how he's GonNa pay for this and the taxes are gonNA go up and I'm sorry Elizabeth but you have not said that and I think we owe it to the American people to tell them where we're going to send the in final terms may apply so pre Buddha judge who got pretty aggressive in feisty in the debate last night it was one of the things that early on I thought was attractive about Buddha judges that he seems like a person who actually cuts have forty percent of its board elected by the employees of the corporation. That's that's ridiculous it's ridiculous hey you think that I'm going to let the employees has the fact is that her plans are not good they're simply not good and she wants power anyway Joe Biden by the way when after Elizabeth Warren on this as well and again he scored some points here workability of a corporation not the people who are seeking to suck money out of the corporation and shortsighted fashion and now they're private sector unions that are willing to work with employees money off of you and because they want to gain power off of you this is why politicians lie to you and it's true right left center this is not a partisan thing you'll see Republican politicians say they're going to bring jobs back is a little wrong it's gonNa cost three quarters of the federal budget so he's not totally wrong thirty trillion dollars over ten years the federal budget right now is about four trillion dollars a year so it's a near doubling the proposal so Elizabeth Warren is asked about jobs and Bernie Sanders has already claimed that he wants a universal jobs guarantee and then boy Andrew Yang the only person with half a brain problem in the companies where you have employees voting on their own wages effectively speaking at the major car manufacturers for example they basically bankrupted the car industry through private unionization and government and once again we ought to be president we're competing to be president for the day after trump inequality chart goes harder than judge and these Bernie's being honest here and saying GonNa try and steal that nest egg when I die you're going to try and tax the amount of like so I earn a million bucks and then I pay half of it to the government and then I take the rest and I buy a house ears in an sort of cooperative slash adversarial fashion with the tug and the poor but Elizabeth Warren effectively unionizing every business in America Graham downs over the course of decades it turns out that you know who knows how to run the corporations the people who are interested in the profits of the corporation and the business the business you're going to you're going to tax me on the stuff that I've already paid taxes on so if I spend my entire life building up a nest egg for my children and then the government's already the daily wire vote on their own wages you think that's a thing where they get a vote that is not a thing where they get a vote because if they did get a vote and they would probably bankrupt the company because you have a collective action dot com slash behind why we'll tell you that watching the democratic debates from abroad it's kind of wild namely because you're not really in the middle of it obviously you are very far away but is going to be a giant fail and by the way if you really believe that employees all want to be united you're going to have to explain the seven percent private sector unionization rate in this country and turns out most employees in this country leading the question because again the answer is yes your taxes will go up before middle class and Bernie Sanders makes this clear right they went to Bernie Sanders and birds like ducks of course wants to be able to independently negotiate their salaries with the bosses in any case here's Elizabeth Warren but the principal reason has been bad trade policy the principal reason has been a bunch of corporate rations giant multinational corporations have been calling the shots on trade giant multinational corporations that have no loyalty to America if your way through the apocalypse with me and put because you will change your wealth level over the course of time and taxing wealth is a way of punishing people who have already paid their taxes Andrew Yang immediately fired people the problem is that it's been tried in Germany France Denmark Sweden and all those countries ended up repealing it because it had massive implementation problem really really billionaires are making their money off their accumulated wealth and it just keeps growing we need a wealth tax operations in America that by Golly forty percent of your board of directors should be elected by your employees that is an insane violation that the rich are not like you and me Elizabeth Warren is worth ten million dollars she's worth money she literally says the rich are not like you and me so I'm really shocked the notion that anyone thinks thank unitive look I don't have a beef with billionaires my problem is you made a Ford and there will be a point in my life I'm sure again which my income is not a rich person's income people go up and down on the income spectrum the rich are not just like the rich arguing me tax that supports the school who do you think is GonNa pay the police and the fire fighting few shocked people think she's punitive she is punitive she's deeply punitive in order to make investments in the next generation the richer not like you and me bitch are exactly like you and me because you know what there was a point in my life where I was certainly not rich into their own bottom line I have a plan to fix and it's accountable capitalism it saves you WanNa have one of the giant by the way she's not just punitive she's immoral there's one point during this debate where Elizabeth Warren actually suggested in the middle of the debate these corporations they get paid they're not wage slaves they're getting paid and they're paying taxes in their neighborhoods and if the corporations disappear who do you think is going to pay all that local property hey to educate you built it in part getting your goods to market on roads and bridges all of us help pay for you built it at least in part protected by acting Elizabeth Warren He's exactly Right Senator Warren is one hundred percent right that we're in the midst of the most extreme winner-take-all economy in history and a wealth tax makes a lot of sense so understand texting income is not going to get you where you need to be the way taxing wealth does that the rich are not like you
Ep 402 | Hey WaPo, Al-Baghdadi Is a Terrorist, NOT 'Religious Scholar' | Guest: Grant Stinchfield
"Also president trump got booed at the nationals game and then they lost got a lot to get into and it starts right now today on the news and why it matters the leader of Isis killed after US forces cornered him and Walpole was kind of sad about it suicide vest and killing himself he was the leader of Isis Being that you are former military why don't you break down for us on enjoy them probably were rangers providing security on the ground can't say enough about the Rangers they're just outstanding this is very important this is a Baghdadi was chosen for you're out at the blaze so Abu Bakar al-Baghdadi did I say that right Jason Goo Bucker Abubaker Erkin financing dot net or you can call eight hundred nine zero six two four four zero that is American financing dot net they are the only ones we trust or you're looking at buying a house whatever the case may be that you're going to need that Lone American financing is the first place you need to call they have salary based words and they were feeding us that Intel so also shows that the relationship between the Kurds and the US is still somewhat stable it sounds like the reason not chosen by any kind of our higher power he was well maybe the devil but but he was chosen by the people that he spent time with in Camp Buka that was the interest rates are really good right now we don't know when that's going to when that's going to change but could be tomorrow I don't know so if you need to maybe refinance your house which is just really insane irresponsible loans they told him no but if you if you take the loan and then you put it all in black and it comes out on black national commission based so they're not just trying to look at the numbers and crunch them in order to see how they're going to get the best kickback for them they're actually so so there's that it sounds it's hard to say because they reports were kind of all over the place but it's like this might have been like a nine hour operation and involving around two hundred American troops the vast I know multiple both rangers and they're insanely awesome people and you'll never hear about them bragging about this anywhere which is another awesome thing they'll probably never will be in it to help you they answer all of the questions that you have they want to put you in a solution that is actually reasonable and good for your family on like what Stu likes to do he today figured as much yeah I'm GonNa ask you to kind of break down all of this this isis stuff here in a second but first we want to thank our sponsor American financing so car you know what I'm not going to pronounce your name all right so he is dead now so he was cornered by US forces and ended up detonating yeah and so we worked with the Kurds they're also worked with the the Kurds that are in Syria they we were working we had spy there was still in Isis who was working with the grant stench filled thanks for being back here and chief researcher of the Glenn Beck Program Jason Buckle thanks for being here as well you are going to come in really key most of them were former Baathists Iraqi officers intelligence officers their special forces those guys and I've been on the ground in Iraq and I've seen some things so you got picked he got picked because of his last name pretty much and his lineage went back to the same tribe that will Hamad came from the creation here with the one and only super lucky me I was thinking that too but I didn't want I thought it would be advice on conservative commentator the entire operation under the guy that just the they just announced had taken over from Baghdad I can't remember his name but he's another former Saddam military it's incredibly ironic they're the ones that mostly did it that kind of goes towards we know around August of this year as he went off into western Syria he basically abby or book deal because they're gonNA keep it just between them but yeah we know a attack helicopters took off mobile northern Iraq which is the autonomous Kurdistan entry back took a large portion of it back and that fight is still going on today it's just it's just an insane development how that all went went down but so the guy that's taken vance like Mao type insurgency type tactics and that all came from Saddam's army came from all of them so it was very strained old which is what they believed that you need a guy from that tribe he just happened to have that lineage so they stuck him in the in that position I don't think he ever really fully commanded came out later that he was helping write some of the radical ideology that they were going to base this off of does that mean they all believed in it some of them did but I don't think any of the leaders hardly any of them did tribe and so if you're going to be the next Khalif that they're going to mark on their list as he is next in line the official Khalif supposed to take us you know through to the end of the world whether you believe them or not he knew exactly what he was doing what would manipulate the minds of young people to go after their own kind and that's a very good point because like Syria and Iraq and other places to wage war against the United States and he was instrumental in in radicalizing Americans and others to wage war on transform their media penetration into places like the United States radicalize future holy warriors to literally come to places the is they make these false promises of join us we're on the right side and you'll get salvation and your however many virgins when you lose the leader and the guy that kind of theology or religion or anything like that so the remember when we were sitting in time we're like this this is very strange that this guy ascended it didn't make any sense came up with all of this this ideology that would go right to the minds of these manipulable youngsters to literally kill Americans and other non believer and then they the army as we thought we had defeated then they kind of went out dispersed they were they linked up with jihadist groups his army just came back and tried to take the homeland yeah against American citizens over two thousand deaths because of this ideology yeah so don't underestimate his writings he knew exactly what he was doing and you said Uh as they kind of portrayed him to be the ISIS ARMY I don't I don't really think I think the baths and the jihadists that were in lead with the Baptist the former Saddam military they wouldn't let you do they truly are they are they are the responsible place to go you got to go to ah now you had all these people that are like hey let's join join with the Khalif now they don't have that anymore I would say that is the most significant thing as far as the development of this they have lost a significant ideological they've done and there's no way in hell that some random guys that came over from all parts of the world came in his figured out how to do some of the stuff there are military doctor and there are following which is the first take back Dottie you talked about him writing some of this radical ideology what Isis as opposed to al Qaeda was we saw from Baghdadi when it comes to the way he presented his tear we was widespread of course over there but I mean we're talking about very personal attacks it was it was y this was important first off before get into that is just a it was a great operation Delta Force Rangers an outstanding job you know the US attain detention center and he was street thug he had gone through a street thug that had gone to seminary basically was not overly smart and the Andy Zimbabwe so they're all of the people that were rushing in to join this because they thought this was you know the time to take them to the end times all the people that are rushing onto that his death now them pause because now they're led by a guy that's a former Saddam Baathist like they were pretty much atheists they didn't care they don't religious in the slightest so now adding that violence and trying to make an argument that they were the good people they promoted it they put it on social media they let everyone see it as much as possible it was sort of a different tactic and and of which who actually had gained some freedom and putting them back in chains you know just a horrible human being and we're we're glad to be rid of them the the the the over now he is running day to day operations you will not see anything change as far as day-to-day operations in Iraq serious whereas what Isis was doing a few months ago Aquino the we we did the policy where we said you know you guys we don't need your army anymore we split that out that was very very bad decision under the under the Bush administration weapon that they can use all over the world will they still be a terror in and their country absolutely they will be losing the leader of a cult yeah literally losing the leader of a cult because that's what you know decapitating people while they were alive lighting people on fire while they were alive drowning them in cages electrocuting them things that were incredibly personal instead of objectively right these are things that he's actually done objectively speaking let's talk about the Washington Post and how they decided to cover and like this I mean this is someone who is responsible for thousands and thousands of rapes and murders of women imprisoning them all over the Middle East taking an entire group of people scholar at helm of Islamic state dies at Forty Eight What a shame that's terrible grant media malpractice this is the kind of you too I mean we talk about the metoo movement quite a bit it's a shocking thing win you know the media would be would would would recognize any good in a person swath of protected zones but they never said they never had the balls to say okay now is the time for the Caliphate and it really makes you wonder you know things ramp up they very rarely scale back down you know you think of like from American terms you have like Timothy McVeigh who kills a bunch of people in this big broad attack that's sort of like Osama bin Laden where like you know a a serial killer is more likely unlock all their heads off every single one of them and they write religious scholar at the helm of Islamic state and if you notice it's under obituaries like this is of like you know back daddy didn't have the name brand recognition of Osama bin Laden but they he brought a yesterday in a different type of terrorism and in some ways where and and is Ju- obviously just as terrifying and a totally different way he deserves to have that name brand recognition of Osama bin Laden he was just as bad and you know what he did you know who will be the next group to say yeah this now is the time for the caliphate it probably will be continued on by remnants of the people that are leftover that helped run is johnny so of course everyone had shared grants opinion this was it was awful it was media malpractice it was just I mean you couldn't even fathom his death their headline reads his name Abu will calm Baker Grant Baker Home al-Baghdadi austere religion unbelievable should be established right now they believe they had to cause a lot of terror break up a lot of the old you know ways of doing things in the Middle East then later eventually they would return to the breaking news story not an obituary wasn't like as the CEO of some major company he was the leader of one of the worst terrorist groups on the face of this earth who wanted nothing said Adolf Hitler dedicated art enthusiast animal rights activists and talented orator dies at fifty six bomber and I think we got one more here are GonNa do the exact same thing now it's not a whole lot but they are still active do you know what would be dot Com Baker 'cause I'm George thing that gets me so angry about what's going on in America today Baker al-Baghdadi would've like nothing more than to take every reporter from the Washington Post marched 'em out onto the beaches of Califor- The difference between Isis now cato is very significant to the people that study to global terrorism and Islam even because al-Qaeda how they were is they didn't fate but something Baghdadi was like well let's say the world is prepared right now let's just establish it right now that's why they start taking territory al Qaeda never did that they had a little bit do you think there would be a scattershot stuff like this but I haven't been seeing as much of that like from New York Times or any other places but trump accuses the media being an enemy of bomber and then host of a pseudo intellectual with Lauren shunned she is on TV blaze TV host as well you gotta check her program out she us so the Hashtag wa- Po Death notices started trending go through a couple of them Jesse Kelly our good friend of the show Jesse Kelly said Jeffrey Dahmer more than every American dead religious scholar incredible it's incredible we had a couple tweets that we saw we thought Tur- and member of a prominent theatrical family debt twenty six off some big that's the next one most of the time twitter sucks estate what else do you call calling Baker al-Baghdadi a religious caller the you don't get any more enemy of the United States than al-Baghdadi and from the media and they they continue to deliver you know it's funny because you see this where I think when you know Osama bin Laden Dizdar the Obama Administration it's the one day where he they made light of it but none of that was I mean none of that was a stretch from what Walpole dead right no it was the same sounds ridiculous laugh so you don't cry or your head explodes to those Selena Zito said John Wilkes booth noted Thespian American feel like conservatives were like seven years and three hundred sixty four crappy days of the Obama Administration that's one good one we came together this is a good thing I mean you know you can go back and forth the story try and burying the other side completely complete misdirection other in other cases just US blatant lie and I'm not even typically he gave an President Obama's speech I thought he he did give credit he he gave credit where credit was due he gave credit to the Delta forces he did not try to make it sound like he was the one who did it everything so I was pleased to see them alright speaking of president trump he got booed at one of the World Series Games and it was finally brought to justice and does not seem like the same thing's happening now that trump is in charge and a guy who's just as big enemy of the United States is brought to justice in the same way bed sheets I know thank you for asking are they Osama bin Laden father of twenty-three healed and home invasion You gotTa hate it when that happens but really I mean I'm glad lover of exotic cuisine see leave it to Jesse Kelly Lake Love that guy I know him very well when my show over dinner ATV and this was a good day for it really was DARTH vader disabled single father to me let's see can you put the headline back from the war so that's what we're going to knack so now that we've heard who this guy was unlike sticky on you and you don't sleep well and you wake up in the middle of the night bedsheets are a big deal that's why you need to get Boll and branch they are these reading them and you're like no this is exactly what they did I don't know what is with the Washington Post lately I mean it's absolutely we're doing a special on Wednesday Glenn is and we're looking at some of the call him a religious scholar that is the definition of enemy of the United States what is the Washington Post do we still look I mean this is the we've come to expect this apparently there's a trump curse I don't know we'll get into it when we come back you see how upset I was like getting and talk about the way I'm literally upset about it but I need that I need I really do to bring me back you know keep the warm sleepers cool ethically made no harmful chemicals pesticides GMO's so you know I'm a fan nothing is outsourced Boll and brand set of sheets of sheets at Bollandbranch dot com with Promo Code matters that is Boll and branch B. O. L. L. and talk about your pillows you're talking about your mattress but we usually forget about bedsheets and that can make a huge difference if you've got like cheap bedsheets that maybe they they get really hot as they tried to attack the whole Ukraine theory you know that we've been some things we've been saying people John Solomon and it is absolutely insane like telling I think they're ignoring the story because they don't want any successes under president trump and make no mistake this is Delta Force's success the president trump made the call any good man it's GonNa make branch dot Com Promo code matters get fifty dollars off hurry up and get it before it gets too cold because I know we are about to hit that season so they are one hundred percent pure organic cotton it is soft right out of the box they actually get softer when you wash them they're very light ultra soft you're not going to get is committed to the welfare of their their employees and they were the first fairtrade certified manufacturer of Lennon's that's awesome so shipping's always free you can try it out for thirty nights okay you're welcome once every three years pillows right when you're talking about comfort this and most comfortable sheets in the entire world I'm telling you they have been the only betting loved by three US presidents okay that's there you go that should sell it for you he was announced up again shooting John Astros played I knew that last night and president trump was there he was announced here is what happened when yeah so that was of course the crowd booing and then chance how they took credit for it and how it was the toughest decision five hundred years which I'll never understand from Joe Biden but the truth is like we were all happy when this hot you're not going to be kicking off the covers 'cause you wake up in the middle of the night and you're super hot you're not going to do that so for a limited time you can get their luxury flannel bedding it's getting to be that time of year even here in Texas it's getting to be a little bit chillier all right so you gotta get there luxury flannel bedding to keep you cool sleepers warm and because they breathed welcome to the news and why it matters happy Monday I am Sara Gonzalez today lock him up it's Washington so it's not shocking seventy nine percent Democrat five point nine percent Republican recall this dope forces those guys are unbelievably great they are and before we go I will say there was a big difference in president trump's speech she didn't have to be an American I'll use it had to be with a non believer Good riddance of this guy absolately yeah I think yeah I mean it's pretty much covered out to say that but I think there's an interesting success has a way of doing that right like you when you when you succeed and you and you have a lot of progress in an area it's becomes a lower priority and in a way sort of hurts you politically free who does that who is like you can try these bedsheets out for thirty nights and if you don't like them return them Bollandbranch does it right now you can get fifty dollars off your first shut bursch in an area I mean of course people from all around and so how much we're seats to get into that game so who do you think that that game a bunch of deep state Washington insiders that hate everything so he he might get booed anytime he goes out in public right in uncontrolled environment however on the one freak day where we've killed the world's greatest terrorist the world's biggest but I mean this is just silly like I mean the guy deserves a you know a round of applause I'm not going to get too excited about it who really cares what the Washington Nationals Baseball you know stadium I'd say about your presidency it doesn't really matter but it is very typical of what you'd expect these what a difference the country from when Bush through his pitch out after nine eleven to nine GonNa be surprising Look this is exactly what I was just saying right like you don't even get one day you think if trump donald trump is going to go to a game he's not an idiot he does a lot of people don't like him the nationals what was this the first game show I'm really into baseball I haven't been keeping up with so well so the nationals and the lot when it comes to Isis I mean he's he's been very successful in this area and it was at the time of the election one of the biggest things like you know we kinda fades from memory no but it's like but nowadays I don't think it'd be the same well you know I was at the last ranger game at the Ballpark in Arlington this season and George Bush was there and he right when it comes to Isis and all that stuff you think this will be the one day we could all come together we like all right like a like thank I'm glad we got this done on lucky say what you want about trump I mean he's done they stopped doing both sides and they were just you know hitting on well that was right wasn't it was pretty I mean it was he was still at ninety percent approval rating times at that point how can you remember then it was it was very similar as a very resist type B no atmosphere at the time ever excited not lie live was had just complete about President trump and I love John Ratko by the way I was just making Steve Carell zeal Affleck's hanging with trump and that a standing ovation that went on and on and still until you know I think a lot has to do with where you are we're in the middle of Texas here and they love George Bush there in the middle of Washington the swamp where they hate president trump president trump was here at a cowboy game he'd get a standing on a promise you would think it was also the Yankees lost guest if you'd like to watch the program become a blaze T._v. subscriber you can start your free trial now at blaze T._v.. Dot Com listeners and blaze TV subscribers not a subscriber start your free trial blaze TV DOT COM uh-huh Biden Stumping in South Carolina he participated in the second step Presidential Justice Forum and he was asked by an African aircon woman what advice he would give to her about being pulled over by a police officer had kind of an interesting response that raised a few eyebrows up next and joy bonus overtime content from the news in wide matters available exclusively for podcasts grandchildren stupid one a father not taking his son to a baseball game let alone a world series game is perhaps the worst indictment of there was credible threats against president trump and the fact that they they were very concerned to the point where he had a bigger bulletproof vest on him than normal at that game I mean it was it was a heavy vest he was wearing because they were so concerned about threats against him all right we'll take that truth stupid twitter trolls fledged assault you know to try and disprove a lot of the things when we started looking into it we were shocked about how misleading and how much they're just lying about it just straight lying you can use Promo Code News at ten dollars off of an annual subscription if you have not subscribed yet you can go back you can rewatch last chalkboard special so that you're caught up to date before we go don't forget Glenn next chalkboard special on Ukraine it is coming up it was in your mind a cocaine house here's what he had to say did advice we give me but instead of just telling you that we're going to show you exactly we're gonNA show you our research and how it came to our conclusions you're not gonna get it over in the mainstream media you're only going to get it here at blaze TV family man I've ever heard I have a feeling trump could have gotten bearing ticket if he got tickets I gue- Leeson Gates maybe burned just doesn't like baseball exactly Washington with terrorist threats all over the place you really want to bring your kid into that situation took place criticism you know it's late night he didn't bring his son like he can't do anything right in there is there was one guy who said wait to trump really not bring back into the game or his the Jason Wednesday Wednesday seven thirty and what can they I mean it's huge right yeah I mean ever since Glenn exposed everything about the Ukraine stuff but Democrats were doing the media has gone eight whenever this chalkboard special on Wednesday but you gotta go to lease dot COM hey stay tuned subscribers overtime starts next you think maybe that it's so dangerous there with the booze that president trump was wearing a bulletproof vest all these they're in a hostile environment in the middle of Stay up that late one hundred million reasons plus like I know if I were present in an environment I wouldn't want my kids out doing anything there was I heard from people there was a big fear I tell you I tell you what though they found the perfect so if they if if we've stumble across something first off he's indicting all police officers at their racists second front is that so no Caucasian women have ever been pulled over to an awful lot of white women that had been pulled over opposing bizarre to me because if you look at the Democratic presidential candidates he's the one who has if you look at all of the maybe like Semi Racist Statements Blows Away Kamala Harris and Cory Booker and other African American candidates Joe Biden's the guy and I think it's just because of that association they see that as a very positive association I will say a he's doing everything he can to lose this race and he may actually succeed no we won't know I don't think so at all you saw something else in that the number is it's all completely blown out of proportion and goes back to all those arguments we had when we were talking about Colin Kaepernick back in the day but it is a he's just a bizarre dude goal-bound cancers sensitivity so you couldn't see here he was making a bit of a pretty big bold yeah so he's he's obviously it's ridiculous more white people are killed by police officers than black people you know not percentage wise but overall I mean there's just like it is not a cataclysmic let's see shading his eyes because he's been on stage you look at you can't see the audience trying to trying to see but that's ridiculous right on so many fronts like Charles. Cw Cook read I thought he boiled this perfectly which is like the the the Democratic voters seem to want to make Joe Biden the nominee but Joe Biden won't go along with it it's early right like in the early states joe is not doing as well I mean he's not really winning these early states he is doing still very well nationally winning about half appalling is fine whether the he needs to win one of these early states he's not he's not raising money well and you know he's a Gaff gaff machine which is a big problem he pulls the polls and he has not really dropped off in his national polling numbers held steady it's just that Warren has picked up votes from Sanders of so she surpassed them in some of those polls but zest that is a weird approach to that story we it's not like what are you talking about like none of the things you're saying are true he has to know it and it keeps coming back to this thing to steal a line from do you think the average American understands that because you look at the average American who you know they look at Medicare for all the look at what socialism actually you know or they should be yeah right I mean they're banking on it they don't know socialism really yeah yeah I think you'll see it's interesting one one thing that keeps coming up in these debates and it'll be interesting to changes at all is Elizabeth Warren they believe in Bernie Sanders he believes everything he's pushing I don't like any of it but at least he's not a phony he's really believes in what he's doing listen and this and this election and there's but we know that sixty six percent of millennials don't even know what socialism is and that's what the socialist running are banking on I think that even if let's say let's say Biden became president I'm still scared to death over that for one we've covered before he's no moderate he's definitely no moderate that's like one of the big allies can just shut up and go away you know what I mean and there's like even if he says something stupid like this and there's time for the smoke to kind of go down they just in the end Middle America's not if she wins the nomination and say no I'm not going to raise taxes on the middle class now she's GonNa be lying for Sherbourne but birdies just like the one you like about Bernie's like yeah of course I'm going to raise taxes on the middle class yes yeah no it's it's I mean knowing audience is actually kind of a funny line but it's funny he so unintentionally funny like I don't think he meant it as just this is just the way he thinks elitist we just don't get a ticket and his true cry she gets overall she will not avoid it's really uncomfortable she is protecting that line to try to be able to come back and say she's a capitalist she's protecting the line to try to to be able to come back the shirt and said and what should require he's currently lights go trillion that's still insane we have to understand adding four trillion dollars completely nuts but it is a big difference but the establishment right now is you know I mean and so I you like that from him she's smart enough I think to know Nah don't say the socialist word avoid that say I'm a responsible hapless of Elizabeth Warren the Cory Booker's Kamala Harris they're all phonies they don't believe in what they're doing something that they don't even know half the things which they're campaigning on what's scary to me universal basic income Medicare for all that's no surprise we knew they were going for that then she goes on talking about other things like wealth taxes that's not admitting that she she's going to raise taxes on the middle class for Medicare for all plan I mean the same plan as Bernie largely over the go down overall the cost will go down sizing in other parts of the world or something like that something stupid and then Sh- but she did one point part where she talked about American politics and she said we need to push for things like okay let's hear it void saying you're going to raise taxes on the middle class when everyone on earth knows you're going to she's tried to do that to win over enough people who aren't paying attention and I don't know if it's going to work but that's definitely seemingly uh-huh he's leader in that know how is it that they has just tied to Barack Obama so closely still and you know I mean look like he always loses numbers he pulls lower right after he he does any of these national debates so you know what's funny though that's kind of my point on this is like any every time he clip was that everyone was cheering him on his base knows who he is I think this was it was an African American event I believe speech from Hillary just from like six months ago and she was giving a speech in Oxford and she was saying things that they had some completely different it was something about you know community how did you know you talking about Bernie Sanders and Donald Trump the one thing that those two have in common is they both are who they say they are they campaign on really what I believe I don't even I don't think they're being completely vocal like establishment the people that are supposed to be in the middle I don't think they're being altogether truthful on what they really want I in something else I was doing Glen I was looking at mccracken party you so I think no matter who becomes president those are the type that things that you hear bravely spoken of from Warren and Sanders they're gonNA start probably trying to do these little back door deals to get it done as of this thing that he's a moderate candidate which is not true but I was just speaking the probably the most moderate which
Should Your Resume Look Like an Instagram Post?
"If you like news and podcasts here's some podcast news. You'll love now. You can listen to podcasts on spotify. Click the podcast tab and your spotify app to find all your favorites and discover cover new ones all your podcasts all in one easy place. Listen free on spotify. Here's your money briefing j._r. Whalen at the wall street journal in new york on these kids today generations e or people born after nineteen ninety eight a revolutionizing the resume writing process adding and photos emoji animation to help tell their story but not every employer thinks. It's very cute well. We'll explain in a moment. I some money market news. You should know inflation rose at its strongest to month pace since early. Two thousand six labor department says the the consumer price index rose point three percent last month as compared to june that number excludes volatile sectors like food and energy but when looking at all the price increases they were broad-based last month but mostly driven by energy and services such as health care shelter and transportation and mortgage balances rose by one hundred sixty two billion dollars in the second quarter to about nine point four trillion dollars. That's a new record. According to the federal reserve of new york mortgage origination which include kluber refinancings increased by one hundred and thirty billion dollars to four hundred seventy four billion dollars in the second quarter mortgages by the way are the largest component tired of household debt which has been on the rise since the middle of two thousand thirteen overall household debt rose by one point four percent from the first quarter to thirteen point eight trillion dollars that the twentieth consecutive quarter of increases if you like news and podcasts here's some podcast news you'll love now you can listen to podcasts casts on spotify. Click the podcast tab and your spotify app to find all your favorites and discover new ones all your podcasts all in one easy place. Listen free on spotify. Edify isn't a lot of glitz and glamour and resume writing until now generation z. or people born after nineteen ninety eight are redoing the art of the resume and wall street journal reporter chip cutter is here with some and details so chip there are limits to how much personality a potential employer can glean from a candidate's writings essentially black type on white paper so many job applicants are trying to jazz up the resume. That's right and so we're seeing applicants do a range of things to try to add a little more personality to these it ranges from adding a personalized allies bit moji those illustrated avatars to the top of the page two people including their headshots to icons of their favorite hobbies say like do home renovations nations or swimming people are adding that those icons onto their resume so just a range of different design flourishes to try to make these stand out for the pile and for the right kind of business adding some some flavor can help an employer get to know applicant companies say they wanna get a sense for who someone roy is but i do think there is a limit to some of this. I mean some employers say that these resumes have gone onto far some one c._e._o. Joke to me that she looked at her resume that looked more like a tinder profile than than an actual resume in this particular case <hes> someone for an engineering position russian had included a range of photos of himself at the bottom of the resume so it was a photo of him to suit. It was a photo of him hiking. It was a photo of him the street in new york and she said she she was really dumbfounded by this and just did not know why those photos have made it onto a resume whether a job in recruiting companies that in your article that say only at illustrations and personal statements if author relevant to the job well that's it i mean you focus on what really matters here we focus on the skills that will be relevant for the role and so <hes> one of the companies. I spoke with its glass. That's door the job <hes> in recruiting site. They actually held a session for their interns a couple of weeks ago and they're they're recruiter said stick to the basics focus focus on what's relevant to the job cut those things that are you know related to your love cooking or <hes>. That might have your kind of soft skills on them. There are some limits though to how effective graphics affix photos and emoji can be on a resume lots of companies are using scanners these days to pick out key words and phrases on a resume to weed out unqualified candidates anything other than texts can really throw off that process <hes> that's really true. These systems are called applicant tracking systems and they really are trying to glean the best bits from the resumes. What's your name your experience. Your relevant skills and some companies are actually even going as far as trying to kind of blind resumes so even kind of excluding someone's name or perhaps even their <unk> address just as a way to make sure they're being as inclusive as possible and so i think some of these designed flourishes are going to get lost in these kind of systems well. That was a big topic in your story also the idea of bias and there are companies that only want recruiters to see someone's qualifications just on the merits of what their job is and not be skewed by any flashy objects that are there in the resume. That's right <hes> one of the companies that spoke with it's a marketing software firm called hub spot based in massachusetts and the head of h._r. There told me that achieved wants to remove as much bias from the process possible so she does not want her recruiters to have a photo of someone in the early stages now of course it's pretty easy to find someone's photo. If you go to linked. Dan look at social media but she says when when they're that process where they're just sifting through resumes trying to get a sense for who might progress in the process. She doesn't want this identifying information there all right. That's wall street journal reporter chip cutter here in our studio chip. Thanks for coming on the show. Thanks for having me and that's your money briefing. Im j._r. waylon in new york for the wall street journal.
The Future for Democrats
"The following recording may contain explicit language. I can't get more explicit go over the weekend last weekend I went to Nashville where I participated in mega gear people walking around aggrieved that those in Magyar all so the very last thing I did was late Sunday afternoon there was a panel there was kyle coup Linski of the Justice Democrats there was just McIntosh on the serious progressive channel there was Joe Lockhart who's Bill Clinton's former press secretary other people had their say he was just pure at me with a sore on patients and cunning and I told him I interviewed the head of the say she was pretty nonspecific at times so this Guy James at this conference and they packed the first six rows of the auditorium and they heckled at them to be able to hear and I want you to be able to your to this is our whole show today it's rather long Ralph from this microphone right here just so you're fully oriented about who's talking hi this is dial with week and the investigating who counts in the voting booth who counts as an American and whose money council and we need your help your sleep plus membership will let us I'm more stories communities by emailing us at who counts at slate dot com to learn more about which is not where he is ideologically is Kyle Kalinski he's a political ads places uncoordinated he's a political commentator the CO founder of Justice Democrats Clinton Two Thousand Sixteen campaign as director of communications outreach oriented Xm they they never travel apart because Selena Maxwell is here the Lena L. Card former White House press secretary for President Bill Clinton they say there is no more dangerous animal in the wild than experience and it's this throughout my life I always thought that the way for Democrats seems harder these days than maybe it was in the past is that my perception we live in a different world the world has changed since James and I started a while back a few years change things it's not better or worse it's just a different challenge but I think is that test to go on to take on a Republican and the thing is the test is different for we ought to a different part of the party then is her natural and every single one of them has a test it's messy it's then an open question about whether they've to find out if there's someone who doesn't have what it takes to win well that's interesting I have a background in psycho testing for has to be the qualities that you want so I'm not always sure as I watched the democratic the wrong things when I'm watching the presidential contest I think what's important this year we are living in a completely different electorate we have we have seen since the election of Donald Trump ten point jump in aided the impact that it's going to have on twenty twenty we don't know what the country looks like if seventy percent of US turn Shen that I always hear debate it what you need is a candidate that's exciting often that's record-setting number of people in the midterms do you really need the super duper exciting candidate or of a false dichotomy here because I'm of the belief that if you the centrist we're GONNA get the moderates room I gonNa get my base you actually bring in everybody you could bring in new voters populist anti establishment message for example an issue like the minimum wage eighty percent of voters were they have to argue the opposite position also legalizing marijuana sixty two percent of the country wants the home I think the title turn direction well the full okay but the false dichotomy and they differ on the Medicare question and that's where you have one set of opinions and maybe talk about exciting you base it's all about getting the base out and so every time you go on television well it's all great idea let's go around the country in recruit really talented diverse talk about things that matter to people in so what we're talking about the minimum wage about how you expand one guy and the day after we're talking about some silly I experienced committed diverse people in run on ask Kyle Kalinski with a question directly to Carville can I ask what what other issues would you not from bankruptcy I would like to not run on that I'd like to not run on on the Boston real time experiment and if you WanNa shovel at what happened was that this is a CNN townhall someone asked this question out of left field didn't give it what you guys are political consultants is the answer don't put forward sorry does not too much to ask of a presidential campaign to pivot from a question like that it is not the minimum wage is not anything James would you would you I know you said no healthcare for undocumented immigrants the church I'm not in any way shape or form that tell her and forty million people you know have we had big majorities both the house and the Senate I would be glad to take it up I think Medicare knows that everybody in the media really knows that too there is no chance that reporters would hold those two things happen in completely different I mean we're hearing from the media from the very beginning the majority of people is the person who can donald trump yes we have been set up from the you know politics is really not that difficult where is everybody the direction of Pfeiffer it so I know I know that wasn't always the case. Politics isn't stagnant did evolves over time and we're in a populist anti-establishment era and we and one point four trillion dollars in student loan debt when other developed countries village anyone who paid off their mark safe for education but I and save money for you and you work through I why don't you just shut up and let me reacting to a few people saying quiet things but I can attest to the fact that there were the teach for America you WanNa work in the Peace Corps you want to be in the marine these things that sounds good until you start stopping loans a month ago and I would certainly at thirty eight and I would certainly axes together so I don't love that argument go ahead in two so going into two thousand twenty we have to look for who can who can win and I'm not has an excite people with do they have the political skill to take exciting that seventy percent of Americans believe in Medicare for all is not true poll your private insurance that number go into the thirties and what happens when you can keep your doctor swing districts in the primaries and those forty seats the candidates and sorry about the name but the numbers are right your candidates lost in the primaries they did candidates have yours in swing districts socialist one in this last election it's a simple John wanted swing this again we had we ran the play triple double reverse you know we we won in the Bronx we won in Boston you can roll up all the votes you want all your pals in New York City in Los Angeles and just beating ourselves against the wall we can be for progressive taxation we can be expanded more water is coming we need engineer and somebody in this party better start fantasizing somewhere Takahara about diplomacy talk hard about a carbon eh in this this this idea that we went primaries in central what we did in two thousand eighteen why do I want to point out one thing about America is going to be a non a majority nonwhite country meaning that people of Color are going in the house in two thousand eighteen it was so many women of color right when you see the photo so I think that going forward as Democrats we can we will be smarter and much yes Sir Lena but I have to say that I sense that in the two thousand sixteen election the truth what this with these autopsy was emphasizing we have to do outreach to Hispanic that is only half true that's half correct you have half the answer right the other half of the I in Wisconsin than the margin of victory for trump to say that the demographic shift analysis of the story but since we're talking about winning in twenty twenty I policy and skip over voter suppression and then look backwards and blame the campaigns Abrahams name the Abrahams stay the same thing sitting in the seat Joe and seems to me to Democrats did a pretty good job in two thousand eighteen bringing way on Hillary Clinton's thing I will tell you this too good point what's the Vladimir Putin and General Flynn maybe she just wanted to do some sight in Pennsylvania Michigan and Wisconsin and trump one baht and I wouldn't want to be around anybody probably know her so you can find out first of all I more women and women of color and just so happens to be the case that every justice Democrat who got elected it really is winning and he's warning Jim Johnny but yet you ignored justice meant oh I didn't dismiss you don't know here let me make it crystal clear the moderator so let me moderate just one faggot he's wro Kahane yes but let the audience know the fact that we're talking about the four members of the squad is nick districts we have we have the squad now because establishment urban democratic heavily errors. It is not a predictor for what happens when if you take if you are a moderate you are you can't be bold oughta laugh about a woman running for president even if it's not your candidate not cool not so you should know that's our Lena Maxwell is a woman of color and also of the Kyle Kalinski fans they're mostly white and mostly male but far from uniformly this guy's coming here to get booed by men who guys really seriously well have a little respect for the panelists how do you incite voters all voters and if and if Emily Koba Char can figure out there we go we got a couple that's what this is about it is not a litmus test winning it's again you I respect people in the middle I respect people on the modern I consider myself a liberal but I'm not left okay people get call them what they wanted it but this is not we're not like going to put on my wallpaper on myself myself oh I think it's great and I just think lesson of two thousand eighteen totally I agree with you I agree with Shen wins on the ballot initiative so I think what that says is the power of our ideas they swing district and thirty nine times came up short and so if I if I work for Mitch Landrieu for mayor of New Orleans so I if I went around Jay look it's a plus forty democratic guessing you don't get credit for that but you go download impressed Jess McIntosh I don't think anybody is saying that one if we can't all decide and everybody here is happy with it we're doomed to failure if you remember we'd Oh umbrella they all one they all one because they ran their own races it was the biggest trans woman elected she ran on potholes and she won and now she's the first trans they have been shifting the window farther and farther to the right until Nazis don't look that weird at this time we'll get obamacare which we already have I want to start with Medicare for at how people vote people vote on someone that they trust they vote on a leadership style they these things with the right priorities in mind and that's what I wanna see our candidates continue and we're in good faith I trust them right even if I disagree on some specific the fact that we are all on the same side supposedly right I'm trying to defeat twenty forty five kids I've been doing this for a long time I'll guess what they're gonNA have calculators they're going to do the mayor David is we you are going to do all this we can just have this great intellectual we gotta remember you get a big year and have you have is to win this election what are the chances right but head North Carolina we have our own we're heading Colorado Obama outside but we gotta shot all right and let's see what happened not if you're not against Mitch McConnell and you're not you're not you're not Democratic Party we're going to go we could easily pick up five six seven Senate seat but we gotta do it but no change in the filibuster rule and then what happens they also buster route electoral college but filibuster wrote that's done if they get in power bill do that I cory booker's idea yet but that's something yeah that that helps a lot I have a similar housing plan yeah six million by estimates Obama to trump voters so you know what this means they voted for Arctic circles how much do you actually try to appeal to these people versus typically for this demographic group how important is it I listen I think ah separated Hillary from the White House so it is reasons hilary lost in my in my view was that a lot of people thought it was over and she was other we picked the guy in the middle or the woman in the middle or the guy or the women all the way on the left that we are have the sort of lingering bad feelings going into the general action and then i Republican thinking so we just have to go out and make the case and get out of our own country in two thousand and twenty one but let's win the election I and then the energy in if not the party then politic on but also the party do you first of all everybody who follows me is independent minded so whatever I do it's not necessarily reflect right but what about all the other ones that I asked they're going to have to come get my vote going to happen Amy Klobuchar mayor gets it I know right and so x Y and Z A deal deal we don't get everything we want politics but sure then no problem in the clear as soon everything is beating trump and that's the person that we got to that so and which is you know we've got this purity test that people who might vote for a candidate who has a chance of defeating Donald Trump two thousand twenty the answer is you gotta come get my vote that's my point we all have standards it's okay com not position on certain positions then yes but you just said you wouldn't vote for Tulsi so you're seeing me you talk to me I'm farther Democrat you don't have to call me you don't have to do anything. I'm just automatically it struck me as odd and curious that this panel on what is the future of the Democratic Party ended with Die Without Him James Carville Joe Lockhart Selena Maxwell Jess McIntosh Kyle Kalinski an Joe Daniels Trader Christina Digital James Carville Linda Maxwell Jess McIntosh Kyle Kalinski.
Oct. 15, 2019: Climate Change Insurance; California's Homeless Crisis
"And today Syrian state media is reporting that government forces there raise the Syrian national flag in Miami Beach Town held by the Kurds president trump's decision from NPR and WBZ. I'm Robin Young I'm Tanya Moseley it's here now we're now entering day seven Turkeys attack against the Kurds in northern Syria government forces were coming north really changed the dynamic on the ground civilians foreign aid workers journalists all headed to the Iraqi border aid worker others give us a sense of what's happening on the ground what you see the border with Turkey but also Iraq well yes over on the other side of the border the news economy has not slowed down the fight. NPR's Peter Kenyon is in the southeastern Turkey region and joins us now and Peter Tell us more about the significance of and a good deal of coordination has been necessary in hopes of ensuring the safety of the American forces as they withdraw you mentioned serious Syrian troops taking over this town of B.j well this is an area that was seized from Islamic state fighters by these Syrian Kurdish fighters the white PG there've been videos appearing to show them shooting unarmed prisoners by the roadside things like that and then if you want to add more complication there's the increasing Russian involvement you've sanctions was raised that this is a national security matter full stop this operation will not be curtailed because of economic pressure and as a practical matter the sanctions act forces calling themselves the Syrian national army they used to be known as the Free Syrian army these fighters have come in for criticism for alleged abuses in the field Turkey is now attacking back then the white PG was supported by the US military those troops are of course now withdrawing faced with the loss of American support in between the Syrian government forces and the Turkish forces but the potential for future clashes is certainly there we have been talking now This is as I mentioned very complicated conflict zone there are Turkish armed forces backed by artillery and air cover then there are other Turkish the white BG decided to invite Syrian government troops loyal to President Bishara Lhasa to come North that was a major shift and those government forces did in particular say it's a classic bad situation from a humanitarian point of view the situation is getting more critical the aid is more needed and yet conditioned on the ground us go of course being acids most important ally right now perhaps followed by Iran the Russian Defense Ministry says Russian Military Police are patrolling an area has denounced are not all that painful certainly in the short term there is a boosting of tariffs on imports of Turkish steel for instance but the US doesn't buy much if any Turkish new a too insecure to allow them to stay in country and provide the assistance the here on this side of the Syria Turkey border the situation is also difficult for civilians obvious uses it sounds very complicated is there concern about troops from Turkey and Syria clashing but certainly a scenario that could make things even worse than they are been hearing a lot about American troops leaving what does this actually look like what do we know about that effort to get them out of there well we've been discussing them in Beige area all morning about these new sanctions imposed by the trump administration what has been the response from Turkey well on Chris at ever since this possibility and there there are reports the US forces have left the entire pull-out we're told is expected to take a couple of weeks that's according to a US official Quickly arrive now deploying men beach an area that Turkish led forces had said they were going to take so it's just one of the latest signs of how fluid and complicated lead the attacking has mostly gone the other way into Syria but there's been a regular stream of attacks coming the other way Turkish Defense Ministry says its forces responded Um now there have been talks on a big trade deal that's appear to be blocked now that's also not an immediate hardship for Turkey so so there isn't any real impact from that yet we've Turkey here close to the border the sentiment is more of a fervent wish that it will all be over soon it sounds so volatile and chaotic there also these fears to one of the attacks the one coming from the man vs region as it happens and claims to have killed fifteen Kurdish fighters while the military operation is broadly popular of the reemergence of the Islamic State Group in Syria. What's being done to prevent this well at the moment we're hearing a lot of concern more than mentioned the French Foreign Minister Voice that very concerned today he said the operation could make the resurgence of Isis inevitable This has been one of the main key plants from the start that this Turkish operation could undo years of work to reclaim territory from Isis fighters who was you know declared a caliphate in parts of Syria and Iraq Dan Turkey has responded to this criticism by saying it's prepared to take responsibility for these isis prisoners that's been greeted skeptically by some the and there are numerous Isis prisoners who've been held at camps that were guarded by these white PG Kurdish fighters those guards reportedly been thinned out since the Turkish operation Washington today George Kent Deputy Assistant Secretary of State is being asked behind closed doors by house lawmakers what he knows about President Trump's request that Ukrainian it houses dispatching Vice President Mike Pence now he's heading a delegation to Turkey whether he can convey something that'll change the mind of Turkish leadership type two one and his generals Rudy Giuliani ran a shadow foreign policy in Ukraine to trump's personal benefit she said her boss former National Security Adviser John Bolton referred to Julian officials investigate Joe Biden yesterday former White House Russia adviser Fiona Hill reportedly told lawmakers in this impeachment inquiry that trump lawyer she said she confronted ambassador Gordon Sunland for saying that the investigation that president trump wanted in Ukraine needed to be restarted now he testified is something a lot of folks will be watching to see yes I know you'll be following all of this NPR's Peter Kenyon thank you for speaking with us thanks Tanya it's Thursday he's the one quoted in texts that were released telling a worry diplomat that there was no quid pro quo in exchange for Ukraine. was that Rudy Giuliani the president's personal lawyer appear to be conducting in this kind of shadow investigation that was aimed more of the president's political johnny as a hand grenade that was going to blow everybody up Shane Harris Intelligence National Security reporter for the Washington Post is here Shane so let's hear more about what union president in which trump asked for a biden investigation we know that because of the transcript what did he'll find alarming about that meeting well I think what she found alarming arrivals than having anything to do with US foreign policy and this was completely cutting out officials on the National Security Council who are supposed to be coordinating on a hill is reported to have said you and others report that she told lawmakers she was alarmed about a July meeting just days before president trump's phone call to the no there's no concern for a quid pro quo when clearly that is what is being raised with him by this diplomat that he is having text exchange with so ambassador Sunlen is to be prepared to say look I was just following direction from the president here and we'll say he doesn't know if the president was being truthful or not but that is what the president told him to see Tino's Bein investigations now it's being reported that he's going to say the president told them to say that that's right we reported this recently in the Post that he's going to say that the content of that text message was is relayed to him by the president himself and this message struck many people when they saw it as sounding kind of very formal and almost as if he was trying to establish in the record foreign policy so as hill becomes aware of this and enter superiors as well it's becoming clear to them that Rudy Giuliani is sort of acting as a rogue opera meetings you know might be released soon but Republicans are making much of the fact that these are closed door meetings they think that that means they have said that that means that the audio was up to and who he was taking his orders from Adam Schiff who eats one of these increase has said that the transcripts of these closed gene Harris of the Washington Post thank you ask this mess dot com slash NPR mind body your access to the largest consumer wellness network and marketplace ally meeting what else does he say about Giuliani and will he testify well that's going to be a very interesting question we reported last night that there are hey in this text message we mentioned the departed Bolton Calling Giuliani a hand grenade hill also said in her testimony that she told him about that communication for Kern county in Kern county we have a huge population of people who are within one to two paychecks of homelessness the President and he's imperilling the presidency really by engaging in this possible quid pro quo this is kind of behavior that we're just not used to seeing the conduct of US foreign policy comes to massage and acupuncture spas and salons find book and pay all in one place owners can join the network at mind body online it's just GonNa be leaked information in American public won't get to see what's really being said why are they closed door meetings well one reason from the Democrats point of view is they don't want future witnesses who haven't come up yet being able to calibrate or change their testimony adjusted based on what was heard before so that's part of it also this is kind of analogous to as investigations that needed to be started up again I think master Bolton would be able to testify to that meeting as well as what awareness he had if any about what Angeles in San Francisco but smaller cities and towns are also experiencing an uptick including Bakersfield California Megan person is director of county when you have a population that is about like forty six percent is within one to two paychecks of homelessness a broken refrigerator can make the difference which comes from NPR sponsor mind body mind body connects millions to the widest variety of local fitness classes and the offer the same experience when Grand Jury Proceeding Democrats say which you have secret testimony you don't actually have a chance to cross examine witnesses they say that the impeachment process will when you we some discussions at least preliminary about having a Basler Bolton come up to testify we understand that after this meeting were this Gordon Sunland actually blurted out a two Gavin you get thirty seconds what's the most disturbing thing you a an intelligence and national security reporter I've heard so far I mean really this this whole issue of Rudy Giuliani a quarter of the nation's homeless people live in the State of California and we've heard reports for years now about the impact of the crisis in places like going out conducting investigations on his own and cutting the NFC out of the loop that is extraordinary and potentially very dangerous because he's a private citizen well we don't know what he's telling county to learn more one of our first stops was the mission at Kern county a place where people experiencing homelessness can go for hot is proposing locking up some homeless people for drug and other misdemeanor offenses is an approach that has largely been out of favour for decades now so we decided to visit current parks recently he's noticed more folks like him out on the street going to great lengths to find a safe place to sleep all over the blocks so our job as a county as to help move those people into more stable situations take in ways that they can't completely understand and that could be politically imperilling the presidency well there were also people taking direction from him apparently preceding department the House would actually vote to send it over to the Senate for a trial that's more like a grand jury and so the secrecy is allowed and maybe even appropriate under the circumstance correlation between that and the number of homeless people who are have substance abuse issues that are on the street during the county count Willer says sixty a flood ministries has spent his entire career helping homeless people find places to live I asked him to describe the situation in Bakersfield if I could the uptick is that the county deployed more people last March three hundred volunteers to do a comprehensive count of the homeless population Jim Wheeler executive director spinal tap we're at eleven right that's how I feel sometimes that we're at eleven right it's a crisis there are lots of reasons wheeler says for the Christ overcrowding in the California state prison system and five years later some folks like wheeler believe there have been consequences so you have people who are on the meal overnight shelter and clothing me germs better days third it's also where we met James Baker Davis the third he was in the shade on mm sleep what Baker Davis is saying is true there's been a fifty percent increase in the number of homeless people living in Kern county compared to last year this for one it is expensive to live in California and then there is another more contentious reason you have some bad public policy gene reclassifying low level felonies to misdemeanors crimes like possessing drugs shoplifting and forging checks for small amounts this action was an attempt to reduce inch and the middle of catching a break from the oppressive heat ninety one degrees in October Baker Davis is from Bakersfield and for years now he's been sleeping and relatives cars and see Kern County Sheriff Donnie youngblood he's now proposing a radical idea the county he says has over six hundred empty jail beds and he's ready to use them by testing homeless people who commit crimes like drug possession and other minor offenses so if we run into someone who is in possession heroin or methamphetamine there wouldn't be this idea flies in the face of criminal justice reforms over the last decade that seeks to decriminalize drug use viewing it as more of a health concern than a criminal act yeah it can change the entire outlook there is a radical approach on the table now to fight the homeless crisis in Kern county were Bakersfield sits the sheriff there street right now who normally be in jail and I'm not advocating that we put people experiencing homelessness and jail I'm just saying that I think there is definitely you number of diplomats who were in the media as well as Mr Bolton that he went ballistic after hearing about this that essentially sunland was keying them in but in certain circumstances I think that the you sort of need the carrot and the stick right and the carrot is hey we have a shelter person of the homeless population in Kern County reported struggling with substance abuse problems this problem is getting bigger and bigger and bigger these people have become enabled they become empowered the the the people who are paying him or more aggressive there's a lot of problems that go along with this time those programs are available to him we have our set programs right residential substance abuse program we have a kiosk for them to work on their child support this sounds expensive and we know that throughout the country court systems are overburdened by court cases how how do you plan to make this work and the short term basis who can't find shelter anywhere else like those with drug addiction problems the low barrier description is a way to deal with what Jim Wheeler calls the three P. we'll help you get a voucher that's the carrot but people don't want to accept the care right now so the stick is you either have to go to to the shelter or is to lock people up but he does feel there is a more nuanced approach that could involve law enforcement I do not believe we can criminalize our way out of homelessness you know you could face being cited by the sheriff's department the County is in the beginning stages of creating a low barrier shelter a place that accepts people he's partners pets and possessions when we're out on the street and we talked to people we we asked them what Saberi why won't you go to the shelter and well because right now in people for loitering or trespassing have not gone past the initial phase sheriff young bloods idea and partnership with the county district attorney is still in its early there's no question about that but isn't more expensive than what we're doing right now because we're doing nothing of what these people in the streets Jim Wheeler with fled ministries does not think the answer trial and then if they plead guilty or they have a trial a judge within sentence them to a certain amount of time in the cat up to one year in the county jail during all this time stable housing back at the mission both of these ideas the low barrier shelter and arresting homeless people who commit minor crimes the carrot and the stick and as we mentioned earlier a quarter of the nation's homeless people live here in California and hardly a day goes ages it has to go through several steps of approval meanwhile Kern county says they hope to have the new low barrier shelter open by the end of the year for all of this well you're right it is expensive because I'm having to hire new staff because those empty jail beds that I have I don't have staff for so that's GonNa be expensive it's a lot of them in trouble they don't pay their child support we have anger management we help them get a driver's license we also make sure that they have follow up with mental health I always say that shelter is not a destination right our goal is not to put people in the shelter and just warehouse people our goal is to move people off the streets and blow the fences they keep doing keep doing it yes other cities over the years have also considered similar actions but many of them which target withdrawal US troops cleared the way for this Turkish offensive now after criticism of that decision president trump is slapping sanctions on Turkey but so far targeting the country so to speak are actually appealing James Baker Davis it's difficult and painful he says to live out on the streets which he says he has been doing for years that neither right you know I love our shelter operators are they're great but neither of our current shelters will accept pets and then what do you do with all their stuff forty seven and fifty seven and you know some of the policies wheeler focuses in on prop forty-seven specifically the safe neighborhoods and Schools Act which passed in two thousand fourteen ticket we will take them to jail with common jail they would then be arraigned in front of a judge who would decide whether they should be released or whether it should be kept in custody until why why there's not a story about it today's Los Angeles Times report on a federal court ruling that prohibits targeting or arresting unsheltered people for camping on public property or with with drug counselors after leave jail. We don't want you to just be a good person while you're in jail and change your life we want to change your life went after your release so that we don't see you again for you we have they'll have mental health services substance abuse treatment of services will help you get your vital documents so you can get housing we'll help you find a landlord eight one man's trash is another man's treasure let somebody sees people pushing around in a shopping cart look like trash jobs but that's really important to that individual what are you going to do how are you going to promise that individual you're GonNa take care of their possessions if they go to the shelter that's what we're working on designing that because county shelter and you're a male you gotta mission and female you go to the the homeless center and so if you're a partner you you have to split up people don't WanNa do that if you have a and criminals he says are just as dangerous for the housed as they are for the homeless not for trespassing don't lock them up for that give them a ticket or something Stephen F. Depart Ted by now they know win the mood and stuff you know on on on the streets on the ground then you know what time the spree come on they put no they put a pot over it a bookie cover that up it's it won't ready I don't have a shelter bed to offer people that ruling came out of a case involving Boise Idaho Los Angeles is one of the cities that has filed a brief asking the US Supreme Court to consider challenge to that ruling viable markets for Crypto I'm just wondering is this really a big blow in the big scheme of things will the UN banked is exactly accelerate your results with sponsor jobs new users can try for free when you sign up at indeed dot com slash NPR podcast terms condition candidates fast with indeed post a job in minutes set up screener questions then zero in on qualified candidates and when you need to hire fast criminals might use it for that the second concern is that could libra if it truly succeeds actually undermine some of the existing currencies that banks recently announced they're dropping out it sounds like that yeah so there has been a lot of outreach for joining the organization that's going to oversee this crypto currency Bloomberg Hi Curt Hi okay so Monday was the first official meeting of the Lieber Association in Geneva Switzerland and the Lead uh-huh and quality standards apply facebook's digital currency is in doubt after the departure of several key partners Mastercard Visa and stripe serious though mastercard and visa those guys they're big names what have they said about dropping out well a lot of the responses thus far have based two main concerns the first is that this kind of crypto currency might be used for some kind of illegal activity right so they're afraid the project said that fifteen hundred organizations have expressed interest in joining this project. What does this mean does it mean that it's easier for them to replace these companies that have the regulatory road that this is going to have to go through in order to get approved and so I think when you look at this has to be a strong signal facebook has targeted with this project and their argument is that there are a lot of parts of the world where people can't just walk down the street and are putting out so the Federal Reserve for example could this pose a real threat to the US dollar then obviously that is a long term concern right that would that this is going to be a really tough road ahead for facebook to get this thing through the kinds of regulatory hurdles that these payments and financial services companies are very familiar with so if you're looking for a silver lining today it would be that not only is this association officially created but there might be people knocking on the door to get in the and that's kind of the messaging that we're hearing from the Association today in response to the fact that a lot of their key partners have bailed on this project Dr Libra Huddle may exist to succeed tremendously but those are the kinds of things you have to think about when you're launching something like this and those are the things that seem to be at this you know in Europe or Asia that's an expensive thing to do right now there are some people who might say the regulators that are pushing back against facebook aren't necessarily the ones as climate related events intensify what will it mean for the insurance industry last year payouts prompted by climate related incidents total two point four trillion dollars worldwide now firms not only struggle breath that's Kurt Wagner he's reporter for Bloomberg Kurt thank you so much for joining us thank you for having me are among the companies that left the Libra Association a group that will oversee the development of facebook's crypto Currency Libra Kurt Wagner has been following this he's a reporter tire it's titled Changing whether could put insurance companies out of business he says they need to reinvent themselves as crusaders against climate change to calculate risk but also to figure out how to invest the money that customers pay them in premiums that's how it works ensures invest those premiums the money grows who stand to benefit later this month mark Zuckerberg is scheduled to appear before the House Financial Services Committee to answer even more questions about get their cash out there's also a solution they would argue to this idea of money transfer across the border to send money from the US to family or friends I should maybe raise the bar for who they ensure should they start punishing people more for not protecting themselves against the climate do more about climate change Americans at least might see that as them trying to profit from disaster so how do you picture this what you say insurer should entrust insurance companies you know they don't trust that they may be struggling financially and if say an insurer began an ad campaign encouraging people to and then use it to pay off claims but companies they invest in are now being hit by the climate crisis the economists Matthew for vases recent look at this is radio huge gap there people who are uninsured how much should insurers use their cloud to start twisting the arms of lawmakers went scaring regulators the most yeah we're talking a lot in US terms and European terms but there are several other une banked regions in the world that are still if it happens it's probably going to be done in a fairly natural organic way incense that's as insurers face higher payouts they will themselves really been that either they have other ambitions around crypto currency you know maybe their own projects that they want to devote time and resources to or that there's a fear so explain what's at stake and why says themselves are going to pay out more money and that will induce at least a number of them not to for example to seek yeah regulations have been kinda cloud over facebook these regulators said they're skeptical of this proposal what are they worried about exactly there's kind of in to buy houses in Flood Plains on the coast where they would be subject to pretty devastating losses if to push through these projects are you also saying that insurance last quarter property premiums have been rising ten percents which is quite the loss of double digits and this intense will provoke maybe three things so do I would say that if fincher where two ties and try and encourage consumers to do more by committee change consumers could already like an immediate benefit in that in the sense that hosting business in more well and you mentioned the people who may who may not be insured right now the global gap as you right between total losses and insured losses there's all being less exposed to change for example if you build flood will put some shutters on the windows that's doing something to protect yourself and they would lower your premiums absurdly yes I think so they can do more there are very big investors the second largest in the world behind pension funds and then the cloud of this money to grow that money to pay themselves but also to pay out the premiums those companies are impacted by climate change for us it's a big risk for insurance companies in something they have to think about this by extending exemptions or capping the routes and asserted thing regulators observing that premiums are rising may decide that there's maximum matthew joins us from the Economist Studio in London Welcome Center Roy much volume and you know right at the outset let's just throw out some people may be thinking many people don't right now because typically invest for very long periods of time you know it can be quite simple in that they can think about whether they should invest in Infosys one main thing they do is try to figure out risk well that has become alarming than you know you remind us that floods that supposed to be rare or not storms that was supposed to be rare or not these people who have to figure out risk are probably spinning bus rides becoming liberal that the premiums can reach they will seek to cap the the premiums that may have the effect as well that insurers will think it's worth it for them that we know is here what they can do is to afford discounts to people who do these things but I don't think that would punish people who don't do that it's more of that a two energy prediction but nonetheless very vulnerable to shifts in Tripoli mindsets you call it future proofing their business my dad was an insurance agent after they more to reinsure which are inches of the insurance and to do that they will have to raise the premiums so this year for example in the US multinational firms dealing with property and infrastructure so this is also hurting the insurance industry because you know where they're investing compounding effects right so a drought is in and of itself element but it also causes wildfires but that's tricky as you right because droughts also now insurance companies also try and entropy size more what's risks are posed by clinch so not just encourage you to the more but and secondly because they don't perfectly account yet for interactions between various interactions between various things you call this huma won't be able to afford being December decided not to do it or they will just decide that it's not worth it or insurers will try to lower the premium in difficult for a number of reasons first of all these large events that we speaking about becoming even larger you know if you think of condolence just last month this was the second adequate to the task the image I because they use data that typically covers the last few decades so they kind of describe a world that doesn't really exist tortoises can think about how the energy mix is going to evolve and willow these impacting this means but there are things that far less predictable so for example in Europe presents Oh ever hit Arkansas which is not even the coast and he was not a very big storm this these events are very easy to foresee but the tools that interests us also are not really I can make or break company sectors industries begun twist the arms of lawmakers countries the arms of businesses too well and a lot of the companies they invest in or cool it's making the life of insurers are hard in terms of quantifying the risk look you said that insurers need to reinvent themselves be the people that publicized he will be uninsurable which in the end means shrinking business ventures which is which is bad news for them and for the rest of us tell us more about what you think they should earns companies can survive the climate crisis I think so things is themselves will survive the climate crisis because even though the experts oh keep brush from growing so I mean it's really hard to figure it out as they hard yes but to give you an example that's more straightforward and where there's been more progress what's going on what it really means when someone says it's a one in one hundred year event but what do you really see for for the future of insurance companies do you think private insurance August's athletic stormtrooper Maitland four and sometimes these events are not even very predictable so we can bury in July caused the largest rainfall see we had a backlash against airlines in the wake of climate change and this devaluation of companies
#OctoberSpotlight w/ Nile founder Khadijah
"In what about blowing up you nora sailing i better living better better in what he failed to tell you was when you're on my time i can reclaim it is spotlighted spot whatever i don't know but every week there's a different focus on someone and so it's i think it's cool i think it's genius so let's talk about how you got started sure so i'm a lawyer and i don't know if any listeners know lawyers three black women's library of LA come on the show right before they launched and now they are doing incredible incredible things in cool foundation and then i wanted to start featuring people doing cool stuff in the community why not be able to literally spotless and we've we've found each other at a really good time because nile is about to blossom and was really cool is i had the stuff make sure you subscribe to the newsletter immediately because it is really great and i've been following it now for a few weeks and every week there's a new business that's being spot lit haven't done a spotlight episode in a few months and i'm excited because i actually happened to find this woman in DC while i was there for lawyers in their family but the lawyers heart it is a stressful job and i think i read a statistic the had in charge and she's going to be here today to talk about it so let's welcome miss kitty thank you so much show to spotlight her company her business organization the things that she's doing because i think the really cool so for this hashtag october spotlight we have at some point that said at least twenty percent of lawyers are either alcoholics or drug addicts like this profession will push you it is fuchsia from nile case you guys don't know you're not in the DC area nile is it's essentially an internet community which i love which everyone i'm so excited this is going to be really cool i love this i started this segment like randomly this year when i met this woman who had this has hashtag community life but the community it's a community connecting consumers shoppers 'buyers whomever with black businesses so you know it's like the matas extremely busy lawyer life and then i wait to go start a courtship with the federal court judge in the district court in DC last year everybody it's whitney from whitney daniel dot com ends network in school dot com and today we're doing another spotlight we are hoping to be up in at them late next month yes so guys just for FYI if you have your phone outs make sure you follow the night it's but i will say it was a lot more stressful in terms of just seeing that element of the criminal justice system on a regular basis and at at dane and i have been working at a corporate law firm for years just downtown DC living the her and so that was a bit of a change of pace for me it was not as busy as my law firm life so i had a bit more time and then she introduced me she was like this caja you have to know her of oba and so we're chit chatting and we exchange information and that's kind of how we met and i wanted to bring her on the AC black girls brunch event was amazing by the way shoutout to kiki and her crew and i showed up there and i was there to support my frankie who's been on the show by the way right now so i think i see the same for you you launched what you win is launch day i live the site our target launch date right now is black friday we would see on a regular basis and really sorta structural issues with our criminal justice system and so i at the nile list on pretty much every social media platform so and when you add her her company on your instagram is it can be exhausting and so yeah i graduated from law school in twenty fifteen and i moved to the DC area aleve really releasing upfront how unfair fundamentally it can be and so i was big which is black businesses because always been huge supporter i love looked shopping with and just discovering different black businesses catala let's do it and so i bought my ticket i showed up and i met a bunch of people i sat in this table with a bunch of really great women and then somebody was passing around flyers in really you know when you find somebody figuring out whether or not the product is good and really doing that vetting so you're it was getting frustrating so i'm talking to my friends about this on the strip and i was like guys we need like a one stop shop for black stuff i wanted to take a girl's trip with some friends to unwind and while we were on our girls trip we started talking about my favorite i can easily find it at by it and riper it's like okay yeah so you should make that me being next with black ribs it's awesome and i love i love the entire story it's always fun to hear people's like humming story coming of coming it really just has sort of gone from idea to doing research about what businesses are out there lack brand more accessible bring them to the forefront so that's where the idea came from and from there needed something like that we needed a place online that would make it easy to do your online shopping with black businesses and just make and talking to people about businesses by from what brands they like and then sort of moving if you want to check out that episode put the episode in the in the show notes here she is incredible she was one of the first people i had on my show and i've known her for a while and she was like whitney oh you're oh i like at any any technical skills about making a website but the war i thought about it in the way research and the more i really looked into the possibility the more i really thought that we doc created and see what happens at least try and what i love most about what you did i mean even at the brunch i mean you had postcards i mean with that idea getting our social media up and running getting developers for the website and really's thinking out real millennial lifestyle so i do a lot of shopping online in it just started getting so hard to find black brands that i could buy online it's getting really overwhelmed at work just thinking about you know just thinking about the dependence so the open house number one was amazing i just came up with that idea like as i start by you know when i moved to DC and i got rid of my car i'm from georgia so i'm used to driving around and that rid of my car when i moved to DC live in you went table the table was at your sister your your cousin that was with you my cousins i have multiple cousins wake me by family roles deep and they are introduced us but i think the power in spreading the word is one of the most important parts of really anything and that can sometimes be really hard to to say not the only one out here and i think that's important so you spread the words all the women at this brunch there were pretty is pretty high number was packed event get people who are already in my tribe people in my community to all come over one night and to i love hearing the background story 'cause you really don't always know and sometimes you know things just hit us and we're like what why not why not just how to create a tool in a community that i i wanna use and that other people can find useful as well josh about myself do not research and and vetting and china ask around if i had a particular thing that i want to try to buy from a black business and they really they really did and they came up somebody came to my table and we were chatting and then somehow he started talking about podcast show and then she was like oh my god brought you over when they sold out tickets to pass after flyers and and and you hide your open house right this past weekend so we're recording actually heard of and get a sense for what is it what is the story behind some of these brands so we had some you that are doing cool stuff and making stuff and i have i had some you go to's i frequently shopped with but as needed to be used and the different features we really to have their i started thinking like okay maybe i can the most supportive family ever so i gave them all suppliers i go forth and conquer pass out don't worry i got you i am sorry what they want to see in this kind of you know website and community and really use that avait as a way to even business owners who've already been featured our newsletter or who are going to be featured on our site once it launches come in hang out with votes i know somebody who does that or who who makes who sells that and i love that idea right in the community so i wondering condition she's the founder she's the owner she is the route twentieth so the week of the release of this episode but you had a an open house recently so tell me about the open house and like how else you've been spreading the word were able to try things or able to smell veins clones in and just get a feel bird some of the different products that are out there so like i said i've been a huge supporter of black businesses for such a long time and i have so many different products just around my house talk to them about their businesses mad a whole table build of with samples from different businesses so people were able to taste things i hang out have fun good vibes just fun blackbox discover different black businesses and brands that they had then it really really honestly developed into just such a great time to komo number one do black people danes which is what i always tell people is one of my favorite pastimes but sorta see what we're doing get a feel for the experience give us feedback tell us what they wanna see in this kind of event it also showed people how hard it can be when you're just walking around and just fine you know some ideas for the for for the site and for what we would not be and from a variety of different businesses so i unleash people on a twenty minute savage and had go around to all the open rooms in the house and find products from different black businesses and whoever logged the most different black brands the people like oh you took a picture this idaho maybe that's black oh i'll take a picture of it to and having the exact wishes so much fun because eight really one let people see you know how many different products there were out there i think the winner it really became like a in person preview of with the virtual experience it's going to be like on site so i mean razors i didn't know there was a company you know making this kind of stuff in one thing i really loved was we had a scavenger hunt swooned drinks obviously we're not going to give people food and drinks through the website but really it was time for people to can come together are developing the site and thinking about the experience that we went to give users and what we want site of look like how we wanted it to flow how are we building absolutely events are always you know they're hard to to plan coordinate and get people to show up been okay well you know what i'm gonna i'm gonna do this to commit to it i'm going to design the fire i'm gonna print them out to pay for them from them out and then i'm going to distribute them and then i'll i'll do it with other people's the eight bound products from around the house wine a prize they wanna reprinting is gift bag and that was my favorite part of the night but the yet the open house was really fine and i really am hoping to do a lot more events like tissue that i was having when i was looking to do my online shopping would black brennan's they're really led me to start nile so unlike hey when development but also how the conversation goes if there is a conversation with a black owned business for them to come on the website so that just as we lead up to launch and beyond that it really engage people in person in addition to the internet community that were morning you're being inundated with all of these different products and all these different businesses obviously you know it's a house air things everywhere stuff figuring out what was black owned bounds thirty five different of businesses represented around the house and there were so many more that she didn't by juliette twenty minutes but people i love just being out and about i'm extremely extrovert so as i started thinking about what we do here and obviously when i when i hear about you going out and obtaining these businesses getting them to or confirming them and then adding them to the list and getting them to just communicate with you a little bit about that it would take some kind of networking right you're essentially reaching out or maybe they're reaching out at this point to and you're starting this conversation and i'm curious what the process is for one the networking aspect of reaching out that research and networking is such a huge part of it so i consider it my duty out nile and coming up this idea i really made it not just my you know my sort of fun it was it was a challenge for a lot of people oeser google land and air you know trying to phone a friend so people are walking around following and that is very easy we have a landing page up right now it's the nile list dot com roads black-owned we did the research for you don't have to vet and then you can discover all these different products that you've never heard open all these businesses you've never heard of so well i am number one i could talk professionally i even as a kid out pages for each business that are something akin to like a yelp page for that business so people who come on the times it is a list of companies and sometimes it's meeting somebody cool and networking so i wanted to slide some networking in there because you know it's kind of curled brunch and going to those and really using them as an opportunity to talk to people about my business and just meek will people because this type of business editor of global from bike brands and most of them are brands that people have never heard of but they're like oh wow this is really cool i didn't know that there was a black coffee make all of that but it is so much fun when you have a good turnout and you have a good crowd and people walk away with something that they didn't come with you know and our side is up you'll be able to go there and if you're like oh i wonder if this blaine brand is black own you can search for to an island if his on air boom you already zeenat and submitted and then what we do is take that information put it into our database and we're building you can go there you can read more about what we're doing may have accused air you can contact us through the page but most importantly there is a former on our site to submit your business areas are huge tab on our page submit your business you know their fill out this form it takes maybe the at this point in the business is all about networking it's all about meeting people in terms of exposure and inter asked me how they get their or how you know they know of business that it should be on the page i'm like boom go to our page so many your business through that form and you're in there easy peasy i mean why not right i feel like again makes x. y. z. you should definitely check them out your their instagram nears their website and so i found out about so many businesses just like you said finding business owners of meeting them and i found out about so many businesses just by talking to people were like oh you know what i have a friend who site and it is completely free for business owners to be listed on our site so that part is extremely easy whenever they'll be able to leave reviews and ratings reviews and ratings that have already been for that business check out some of my family members like oh god here comes egypt this girl can so i had an issue you know there were problems but i considered by duty to go out in networking events go out to happy hours catch up with brain sometimes i'll just pick a place danes a-ok i'm going to go here for happy hour invite looks to join me and connect or finding out about different events like the one we met at the it will be able to renew formation about the founders i know about the company and the ethos and the type of products they sell and get pictures of different products way or talking to people who are business owners so many of us out there and they're like wait a minute how do i get on this site this sounds amazing said be able to connect with that business some businesses will be offering discount codes for people to use so they will be would a check those out and then died or would i like to do going out and hanging out with people going to happy hours and network game but really made it like my my job it's my business now pinch ends all kinds of stuff so we are collecting that kind of information from business owners and essentially building out a page for them on everybody wants it's all about marketing is all about sales in connection and all of that opportunity and so being on a site like nihilist would be antastic for a lot of different types of businesses network goes all the way around so it's not just you going out and meeting people is also people who have their own businesses who want to attract more of the right buyers right support not just the black owned businesses in general but also businesses that really cater to their specific interests i've always looked for women owned businesses and businesses at our limit of color doing their thing i've always done that i've been more active and more redesigning this page exactly for people like you and so one of the really cool things that i'm excited about with nile is that capable the can really show up on the site so i don't know i feel like it would be a really great way to just do some perusing especially around the holidays which was great you're kind of aiming for black friday because i've really started personally getting into purchasing well not recently but i've always been recive with it as of lately maybe the last one or two years i've actually been like okay cool but like who else does this you know there's an idea there's artwork whatever that people will be able to filter their search results through and one of them is women owned businesses for example so if you wanna come to our site may not here see on social media or out about or on television magazines stuff like that so i think it's really cool 'cause when i go ahead filter by isn't make vegan products for example so we have all sorts of different altars like that that will help people our other interests is handmade products so you'll be able to filter by different businesses that hand make air products people sorry i just really i'm loving that you're saying that and i have to say this to follow up with that is that we are limited for natural care beauty product that's that's going but there's a lot of different types of can different things whether it's the clothing whether it's you know intimate where yea that's amazing it's exactly what i would do i'd go in there and i'd filter by that and i would say on there for probably multiple hours going through everybody is stores dan search for whatever you're interested in buying but make sure that you're seeing only businesses that are women on you can do that and i know you said you love handmaid's oats one filter and they'll be able to filter by interest so we have a list of delivery entrance that we are starting out with will be able to search for whatever products that they wanna buy in we'll tell them different black businesses that those products on the one nine but they'll also be because even with including there's so many different options now we've got the active where at intimates we've got i'm eating linked shoes and accessories fun i'm artwork okay but who else does this just to see just to see because sometimes these voices are amplified and so the great thing about the dialogue is essentially thing to amplify so these voices that's to me this i can't tell you why i just love it and then because i started doing it years ago when i lived in san diego i don't know if it was san diego was before i moved to san diego but i'm gene artwork is going to be probably the second thing i would like to because i love buying artwork anything three d. sculpture work i mean i'm assuming like writers maybe anybody and you can pick you know there's all kinds of people so i got really into purchasing a ton of handmade stuff there because even like winning in san diego san diego a brick ago and when i got there obviously there's a lot of farmers markets there's a lot of is ours and in the swat needs and you roll up and everybody's making their own shed essentially he's with tons of succulent i'm talking like every kind i'm talking kinds of you've never seen i've been all over the US for the most part and i have yet to see it's really fun are the succulents and i love like flowers and floral crab and i would go to the swap meet and there'd be these you know nice old asian lady the armstrong which is the mary failed i guess we have virginia but armstrong is like their flower store where you can buy molds and dirt offering the press release information like the background fund stuff it gives you a little bit more about the company so there's almost a higher incentive how stuff like this to me is super fun and i think the way the site i'm envisioning at the way he explained it it's going to be interactive and it's going to be interesting and the fact that you're on in it's a fraction of the cost in supporting their businesses right and then because they were so nice to me i was like hell yeah i'm cutting back or i'm going to refer someone else so it's crazy out there now that you will literally just be like okay here's this company years their phone number or website side of it i really wanted to make it that way because that went us to be a community and i want to connect people and you know there are directories y by their candles as opposed to any other handles aging by at TJ maxx or whatever like we have some of these segments are incredible every so often you'll see lake some mobile when here but they had all of them and i would go and you negotiate and you can buy this is so much more fun than going about them so one candle company that i connected with actually abruptly city best and we'll be on the site you know different candle companies that are doing such awesome days in the founders have such interesting eight those as their building up these companies and we want people to know you know we recently featured actually in our last newsletter this past week a business that was they make candles you see that there's no incentive to click on your website and go check them out oh so many women who have that problem i want to solve it or and help them so she makes moisture waked up she used moisture waking technology in the work with them because now you kind of know it's not just like a boring you know you're scrolling like okay this one company one too it's not like that so that's this candle maker gives you or like a recommended play list with each with each candle so mhm absolutely yeah and innovation is it's fun i mean the innovation of the playlist innovation of the moisture wake material i mean this is innovation hoping i realized that i would have meetings or i'd have presentations or whatever and i've gone through it my whole day sweating advocate that story deign to just get you know here's lismore they make dresses for women go to their site you know clothing in order to keep you from getting sweaty like getting the sweat stains on your arms in in those hot spot areas and i've just like that is okay by someone here in DC eric harding and she started lismore which makes professional dresses for women under the handmaid's action i'm here for whether it's crafts are you know candles i am super pumped because once you find somebody that you love you know she really taught me that appreciation or the artistry of clothes making and then as a professional again sets it apart from other competitors or other companies out there but it's also something that you can use when you're talking casual conversation latest now oh well national wear for women because i think they expanded to make jumpsuits as well by it she's like listen my grandmother was a seamstress so cool just you know how you came up with that idea in how you're doing it and it's so much better to get you can chill with your playlist and and had that whole vibe going and i thought that was so awesome a were or anything else so that little that little touch of working with somebody who's got a a small business is so much more intimate than it is when you're ordering britt leader so i think that's i think that's incredible and i love candles as well so that would be again that's under the handmaid's section so pretty much anything have no there's actually a buckle business that does blank blank blank and it's not just a casual conversation of they may close or oh they make candles cool because there's a lot of companies any good and i think it was for black friday last year i bought a ton of stuff at everybody in my house like they can blew off at first because i was like all right i'm gonna order you know this specially when every time we opened instagram one of these companies we've been bundling hundreds and thousands of dollars from the black community does something ignorant for christmas and so i got a ton of stuff from her and when i love is she always sends me little extra things in the mail and she says it she sent like candy titles now right and there's a lot of companies that may close but when you have that sort of spin to enter that unique factor definitely keeps people interested and it makes them eh accompany that release speaks to what you enjoy you're going to keep going like i have this lady in san diego who makes soaps and lotions i love her body butters care people i mean number one hit the spending our of the black community has just been so under community just in the US is larger than the GDP of the country of australia and yet you find these is i'm running around being a busy professional woman now have these splits aids under my arms it's embarrassing is unsightly and it's uncomfortable and i know appreciate it for so long i think right i think the last statistic i saw that we have like one point three trillion dollars a huge corporation i think corporations are starting to understand that now and they're trying to make it as you know interactive and intimate as they can but it's really hard mm that personalized feeling so i think i think going to a site like the nihilist in finding businesses that are in alignment with what you're already buying is going to be great looks i've met her in person a bunch of times and it's just so sweet and it's so nice and like of course that's violent go back to her or somebody like her in the future right whether they make candles you're like okay really we're still dealing with the the black as we're the monkeys on clothing or whatever other nonsense and shenanigans business and then they see me ordering like oh wait a minute hold on you're getting soap okay what kind of she had and then somebody else is like wait i need some lotion refilling i'm assuming like tens of thousands of orders you know a quarter or something like that like it's hard to personalize everything versus a smaller business who can really give you that beneath that don't seem to really care whether or not what they're doing is going to end their black consumer base and and since then about a bunch of different businesses that have become some of my go to's i also love soaps so i am i started even recommended place there's an actual she gives you a little card and you can scan it and then pull up the playlist so that when you're playing a burning your candle implants and everything you would ever need for your garden and i from the asian ladies at the at the supermarket spot thing then i did armstrong like it was just more his company bob aesthetics on instagram a couple years ago eight just because of how great their soaps looked in the voter talks bar or your face gets me all the way together what hus- start getting a little breakout and i also and you're like why it's embarrassing at this point so they love acting up i'm telling you it really it's because they don't businesses year so if you want something better find a black business is going to sell it because i am not going then and then all of a sudden my car is at like two hundred something dollars that i'm spending at this place and i ended up giving his gifts as well what do you want i'll just get it tom that is an a big reason why i really started looking to buy black more in the last several years and i think it must be met the owners this past summer and they're awesome i love though they they were just so very welcoming and they're like yet wait let's take a picture are doing the same thing i am it's be OMB aesthetics so it's bombed without the e. and i'm loving it it's vegan skin this moisture and yes that face moisture the facial products are the truth they have wine d awake did by use of random thing from target from some company literally does not care about us at all because we're running out of stuff because he has so many you know what i mean he doesn't want a ton of stuff so for difficult buyers i feel like analysis would be great too because you'll at least get some info listened luxury things we all love a good lotion and we all love artwork and so i think it'd be really cool and then obviously if there's something that they want the segregation was thing and blacks in the back of the bus and i was watching i think it was when i went to the symptoms that is so it's so amazing oh my god i'm already ordering or just followed them and the instagram for those of you who were do you like soap like shorts i'm like great you should check out so copy that i really love look at their instagram love it reshaped you but you know what i think too this is a great way to to partner right there's a ton of partnerships and i now i'm kind of they don't talk billion dollars spending hours something like that it's just so i i do remember reading that the power the spending power of the bike maybe three or four years ago i actually sit at an email to all my family and friends and i was like hey i'm only buying christmas presents from black and rosa parks and other folks were like no not here for it that they boycott they all decided to boycott the bus company whenever the bus company was wherever the page is in his so awesome at i literally just force people to go check them out and in that same personal comeback couple months later and be like girl from different you know the categories and whatnot and i think that is gonna be a lot of fun to do and to be very specific oh centering doing seriously considering doing a latin only christmas list and saying the same thing to my family is all of our into you know health and very lightweight wanna take a picture with customers who love us and i'm just like lizzie y'all gonna have to put me on payroll soon because abby talking to everybody about your company CJ walk i'm added to your walker mag maggie walker i went to maggie walker's home in richmond and they have like it's actually national park service is building and my sister trash that i remember this is kind of trip and they literally ended up shutting down this place because nobody weren't running bus and again you know the will be on there searching for stuff 'cause like my dad is pretty problematic he's so difficult to buy four and he pleases game where everybody will send out of christmas lists and he'll send out a copy of somebody else like he the bus and the bus company went bankrupt if they went bankrupt or they had to shut down completely if i remember there's somebody can fact check me and put it in the comments if if this is wrong but my memories care and wow you're you're totally right look how fast that was lookout now we've got like some more candle or so what else she's got voice and i actually found that up my family of friends really appreciated that and really told me a lot about told me at that point you're not valued then something's gotta give and i think what has to give is being consistent and being persistent and finding other ways to spend your money sometimes those same opportunities and we add it from that perspective you have to remember that the system was not rigged for us to win oh black hair care and alcohol in black communities those companies are always typically owned by asian people and she wrote about why that is and outside of that round and they can just let me know or i'll look it up myself and if the nihilist is running i you know christmas time ish than i will what i was gonna say a minute ago you're mentioning the black dollar and the power in it and i remember watching something and it was it was around the time and it was super interesting to read about that so i think we need to start to shift the way we look at like businesses and shift the way that we support each other was interning there and so we rolled up and they had this video that you had to watch and i'm pretty sure it was on that video and it talked about how during the time when you know blacks were sitting in the back of the bus i and i have i have referred at least twenty five people they're literally just by pulling up my phone and be like hey entry has been towards black businesses specifically right there's a book i don't remember i don't know if you know who wrote that but there was a book at this woman wrote about how we start to see better and see more and to see jamie lee is that that makes sense yeah i get you i actually just wait and because if we keep following you know this narrative that black businesses aren't as good or as professional or as on top of the so extra i don't want like nobody else knows what you either end so we've gotten him some of the most it's just getting crazier and crazier every year companies you know they don't have all of the funding or opportunities some of their white alternative companies and what's crazy is a lot of times these companies are liked dollar is powerful and we need to make sure we're being selective where we place that dollar because if your dollar isn't valued or if you as a person isn't and i know there's been a lot of talk in the black community about you know people are hesitant to buy from black companies for a number of reasons sometimes be duck the statistics so i could verify but yes the black community has at this point over one point three trillion dollars in spending power and by you're if not just as good as the white companies because they don't have sometimes the investors the angel investors were the money because we're not being offered is whether you do clothing with soaps because i love buying handmade soak solutions it's one of my favorite things by that's like the first thing i'm be lining minded were more forgiving were more focused and supportive of these businesses that's when the i think the tail will turn and people is a can't remember the location but they didn't ride the bus for many moons and i'm taking people were walking were doing other shit i don't know how they were getting to work but they did not whatever right 'cause there's these things going on people are saying this they think it and they don't say it we need to start talking about we need to shift the narrative so that we're more open next year will have one point four trillion dollars in spending power so number wine we have money to spend and then number two i really rose i'd like this looks like a gelato like why is this so pre i love this and i started by like the system was not built that way so there are tons of books you can read on on but this is in america and and just the history and how shitty people in the okay you touched on this point about looking at black businesses through a subway negative lands and i've had people when i talk to them about what i'm doing or even before i started i'll before i really hold in this idea and i would just be talking to people about but we are seeing such a rise in black businesses around the country in the last bodyworks that has you know billions of dollars and so many employees that can make this work in a way that a solo forty six percent of black business owners are doing it so low they don't have any employees so they are the customer service and making a lot of the handmaid's stuff whether it's lotions soaps candles little baby baskets etc and really what it comes down to for me is access decade the number of black female entrepreneurs has risen almost one hundred and fifty percent it is it's just really phenomenal our business owners as we support them and help them get to the place weird air operating more seamlessly exactly and i think the issues even the big companies have issues i'm like listen if south west can be grounded for like a whole day because there the site will help people with especially with review piece of it so that you kind of know okay this is a legitimate company i think one of the issues you know not even these are mostly solo preneurs like you're talking about people who are trying to do everything themselves and actually a bow the film mate and they're the maker and they're the you know accountants and everything so that's not an excuse by it's something that we we're seeing in terms of the growth businesses but everyone has to start somewhere so we really have to be a little patient with summer you're who talked about the several negative experiences that he's had china support black businesses particularly with the customer service overly cash but we're never going to get to that point if no one is supporting us because we still have a few kings we all you know we all have supportive black business again and i'm just like okay well you know i actually recently had a conversation with someone this summer and when it comes to being able to run a business in have where do i go to learn about customer service where do i go to learn about getting places but those are typically hundreds and hundreds of dollars and so it's really difficult for a lot of people to get access to some of the tools that is so easily found for tried is support of light business in two thousand two and they you know get an attitude and now never viewer of some kind of malfunction then like you gotta cut the solo per newer break do if they have some sort of issue out of these black owned businesses don't have access you can't go and i believe me i do this very regularly because i'm obsessed with books you can't go to barnes and noble or your local bookstore or or even the library in and see or find books by black woman entrepreneurs who are running these businesses you don't they don't exist they're not they're not these books do not exist else that are making these products no matter what they are at least that's been my experience so far i don't live on c. but i do go there semi regularly and that's typically demographic that i see who are flip force it and i was like you know heck number wine we we have to really think about the fact that you have to think about when you're comparing them you know this small company make this person is making so in their home to a bathroom pairing black businesses small entrepreneurs to bath and body works but even if you were to compare like you go to SCA at sea is a ton of old by people typically into realize that as an entrepreneur when you leave your house to try to do better in your business it is very difficult to find affordable resources to help you period point blade women in and you can't tell me that you know sarah jessica parker will cease came up let's say she's not an actress and she's like an entrepreneur and she's killing it her being and network marketing or whatever how do i do that how do i do that as a black woman entrepreneur is very difficult to find things sometimes you can go to conferences and show up see even though we're women even there were women who like whatever it is right shoes clothes makeup whatever the way that we talk that we buy is going to be different and that's important so okay isn't necessarily going to speak to the block under the asian women entrepreneurs author in the world because we're marketing to different demographics and our demographics are drastically different had uneasy to find you can't get funding right you can't get these angel investors whenever they're not looking to invest black businesses so that's the problem for me you know i i don't even look at businesses the same way anymore and i always take with a grain of salt and you wanna give some forgive wiggle room but i think it's important to know and i'm here to help spread the news in the word about what it is you're putting into the market that to me is what i think we can do as you know black business professionals light comes to funding typically women does this even though we're out here one of the highest the top growing group entrepreneurs ever you can really at the end of the day it goes back to whites them white supremacy the patriarchy and the way the system is designed so having knowing that this is my rant old like the nihilist i think it's a beautiful thing because we need we need this platform we need this yelp dot com sort of website where we now that they're not on the same playing field i'm not going to look at them in the same way i'm going to look at them in a way of i want to support you you're doing great work appreciate what you're doing and have the money to spend clearly right that trillion dollar it's it's a pretty big number and it's important so yeah that's my spiel that's that's the in these business owners and helping connect them with different resources so sh- there is going to be a back end support or business i story i'm absolutely sticking to it if you have any information or insight around that in particular i'd love to hear your thoughts you're more than welcome to go to network can go and find and support each other yeah i am i am to me that's not even a rant to me which something that may seem small to someone who's been in the game for awhile and has that knowledge base but for you as a newbie can just you know change your life so much you you can be doing things so inefficiently and it can really transform your time and your day just learn about assertive literally it is my life and honestly i'm looking at nile as a community and part of that community is really support episode typically ran on something but this is this really grinds meager having that information right knowing that you can now take that information and say okay now that so i want to be so much more than just a directory i really do want it to be and we are building out to be supposed doing every single thing myself i really started finding people to help me do very strategic stuff and it has just changed the whole sarah jessica and and can you know what i mean i have to ask in order to gain that insight and to get help faster on so for me that that is allege together because some things when you're starting out a business even the little trivial things if you don't know about the owners once they have an account with us to connect with service providers for example and to really connect with one another and really built back someone telling me about this site up work where i could buy freelancers dealt me do different things with my business really triggers formed how i was doing things and talk to them about how i can you know invest or how i can help them grow their business because this is also way that i am approaching nile it was amazing but i never heard of that site ever in my life before talking to a nun a real community and that's and that's what i'm looking forward to i'm i'm so here for it and i as we were talking i was thinking their business owner who's been in the game for awhile and so yeah and i really want this to be a resource to be a place where people will who are looking to invest commoner like wow this business is really awesome and it's very scalable like i want to get in contact with this owner common put in the comments were sent me an email or damn knee on i love to continue this conversation but that that is when i see back businesses you know being compiled rooting for people which i love i love that but now it's time to put our our dollar and our money where mouth is or where are re tweets and instagram and i don't even know we can look it up we can look it up a base giving his late this year so is crucial surrounding yourself with the right people and i think when it comes to this website eventually website will hopefully become a goto kinda like yelp i hit yelp multiple times is a week right looking for restaurants checking hours you know all this and it'll be a goto and hopefully we'll get used to being on that site thing is hard not saying that just saying it it the the the resources all of that like you said we're spinning our tails it's where is the term you know comments are going it's now it's time to actually start showing up so i'm really excited i'm excited for the twenty six twenty six twenty seven i know the best laid plans we we've been working so hard on this site but just making sure that everything needed something when i had a question i had somebody to go ask because if i'm asking whitney when you didn't know how we're gonna get me nowhere i need to go and ask a lot of black women were tied you know you've gotta work twice as hard right and even then you may not be noticed but i feel like entrepreneurship for black women gotta you gotta building towards is making this into a place where you can even do your shopping on the site and you don't have to leave so it's literally a one it is functioning as well as possible before we before we launch is really key because i want people to be able to use this it's like six times as hard and it literally is going up and upper word battle right it is excruciatingly difficult because i guarantee often we just don't know and that's why networking is so crucial when i decided to start a business i networked and i may surrounded by other entrepreneurs so that when i need stop shop or just black people shit for lack of better words but but yeah i am very excited about and also check us out on literally all socials at the ninth oldest yes in a super easy to sign up it's like it takes two seconds but was cool as make sure you're really following and watching stories and stuff because there may be events if asia doesn't event i'm going to definitely try to come out and support hog reich can i'm really into like plan their pop up events and their book events and they're swapping that like they were doing the planning they were behind the scenes getting it all together and literally i it's actually the twenty nine okay the twenty nine okay well i'm excited to hopefully we can you know stay on schedule there's that's just kendall says i guarantee you if i were a different color life would be totally easy now that's not to say that girls starting businesses are you know edgy account for the twitter whatever the website and have them apply or submit right that's i mean those are the two things i think right now on that you can do it right and so hopefully listeners will go and subscribe you can sign up for our mailing lists right on the homepage at the nihilist dot com talked about this on the show book board i guarantee you if let's say on the candle operator rated kendall can dog greater if the candle company may own a company insight into just find companies and network and grow and and really start supporting 'cause we do a lot of this on instagram like girl go or you know whatever we're always we can all like make jam this year