35 Burst results for "Fourteen Billion Dollars"
SEC Charges Medivation's Former Deal-Making Lead With Insider Trading
"The sec brought charges against a guy who used to work at the company. Meditation which people might recall in two thousand sixteen was acquired by pfizer for. I think something like fourteen billion dollars with the sec. Alleges is not that he insider traded shares of medication or of pfizer. But rather that as soon as he got word that pfizer was going to buy motivation and before that news was public he bought shares are rather he bought options. Whatever the point is he put money on the stock of insight which is another company still exists that was perceived as being a competitor motivation. They both were developing treatments for cancer. And what the sec. Alleges that he bet correctly allegedly that incites share. Price would go up once. The world heard that pfizer was buying motivation because they would perceive that you know the value of these biotech companies is high because a company like pfizer my by them and in fact inside shares did go up and he allegedly made something on the order of one hundred thousand dollars in what the sec describes as illicit profit. Can i ask a question. David because i don't fully understand why the share prices of an unrelated company would go up. You'd think that accompany acquiring a cancer company would mean that other cancer companies in the space no longer have it acquisition partner on the table. Why why did this work. I suppose is why i'm asking. Well you know. I was kind of curious as to whether these charges would stick in part because of that. Because yeah you know. What's alleges that he made this gamble which ended up being correct but one could imagine it going completely the other way. Because as you mentioned if i were a market participant looking at insight you could totally take the other side of that coin and say well now pfizer. Buying inside is completely off the table. So it's actually kind of a little a little bit of magical thinking to think that because visor about motivation the likes of insider more valuable but in this case that was the perception although according to documents inside stock price went up by eight percent. So it's not like he had like a rain. Making investment allegedly again. He has not been
COVID-19 Relief Package Includes Billions For Transportation Sector
"All right how often did you fly. Or maybe the trainer buster in the pandemic. Yeah the transportation sector has been hit hard but anyone who rides in trains planes or automobile should benefit from the one point nine trillion dollar cove relief package. Npr's david schaper reports. It was a year ago this week. The us what unlocked down highways and airports were suddenly almost deserted. People travelling overseas scrambled to get flights home at mass transit. Trains ran nearly empty in the virginia. Suburbs of washington. Dc forty six year old. Sandra vigil had been driving buses packed. with sixty. to seventy people are more. We ended up taking towards the end of march. He was like one two people per ride. If you had any people at all last march twenty ninth vigil says she about ninety five percent of her loudon county. Transit co workers were furloughed. Her's lasted four and a half months and unemployment wasn't enough to make ends meet. A lot of fail behind are not rental car payments. Because he was either eating or paint a car or paying the rent and thing they lakeville transit systems across the country so ridership plummet ninety percent or more in revenue fell with it yet. Mass transit is essential especially for many low wage workers. Again bus driver. Sandra vigil in order to keep the buses running and to keep us working. We needed this money. The relief bill includes thirty billion dollars for transit. It also includes one point seven billion dollars for amtrak enough to bring twelve hundred furloughed employees back to work and restore daily service on long distance routes and there's funding to help states continue fixing crumbling roads and bridges offsetting. They're lost gas tax revenue as for airlines. I have fantastic news year. That's american airline ceo. Doug parker in a video message to employees about the plan which includes another fourteen billion dollars payroll support. That's good news for the thirteen thousand american employees who were facing furloughs april. First so if you have one of those worn out notices we sit out in february. Tear it up. There aren't going to be any furloughs at american airlines in april and with vaccinations on the rise. Hopefully never again. Ceo parker says the last three weeks have been the airlines best. Since the pandemic hit with bookings and passenger volumes up that's happening at other airlines too so much so that after months of hemorrhaging tens of millions of dollars a day the ceo's of delta and united now expect to reduce their daily cash. Burn two zero this month or next while southwest is on track to break even by june. Of course that's relatively easy to do. When tax payers are essentially covering much of your payroll airlines have now received more than fifty billion dollars in federal payroll grants since the start of the pandemic. This was hugely important. And as a pilot for american airlines at spokesman for the pilot's union. The last thing i wanted to be is on our heels when everybody was ready to get back. Flying tiger says if pilots had been furloughed. They need weeks. If not months of training before being able to fly passengers again. You do not want to be staring at the recovery and turning around and seeing the flight deck empty. Because you weren't able to train. The pilots quickly. Enough joe sweet. Herman transportation professor at chicago's depaul university. Says this government aid is crucial is pretty clear that the airlines were such a desire straight federal assistance and a big way we would have lost an airliner to sweden and says the federal aid helps airlines amtrak transit agencies and highway departments continue critical operations while adapting to a post covid world a world that will likely lead to more operational changes in the near.
Inside Biden’s $1.9 Trillion Stimulus Bill
"Start right there with a pass of that. Covid stimulus bill in the senate on saturday night. I do need to preface this by saying it does have to pass the house again because there were some changes made by the senate so it's not passed into law just yet but we'll go for what this bill will include when it goes through the house and i'm going to try my best to sound like i'm not rattling off just a bunch of dollar amounts but there's a danger. It might sound like that but just bear with me. There might be something in there that would be useful for you. Your family someone. So for helping the unemployed it extends that three hundred dollars a week plus the state unemployment end it makes the first ten thousand two hundred dollars of that non taxable for households making less than a hundred and fifty thousand dollars it also fully funds cobra. Health insurance premiums so that employees who have been laid off can remain on their employer plan for free. There's also going to be another round of checks fourteen hundred dollars for a single taxpayer. Twenty eight hundred couples indy. Get fourteen hundred dollars per dependent now the starts to taper off at seventy five thousand for individuals or one hundred and fifty thousand dollars for couples ended completely gets phased out at eighty thousand dollars for a single tax payer and one hundred and sixty thousand dollars for a couple it gives state and local governments three hundred fifty billion dollars to cover expenses related to covid through twenty twenty four gives schools one hundred and thirty billion for k. Through twelve in forty billion dollars for colleges and that's to help them reopen safely so parents can get back to work for businesses. they'll be twenty five billion dollars going to restaurants and bars. This max out at ten million dollars per company in five million dollars per location additionally there will be seven point two five billion for the paycheck protection program once again forty. Six billion dollars will be going to state local and federal governments to help with testing and contact tracing as well as fourteen billion dollars to help speed up. The vaccine distribution for healthcare there will be financial assistance for aca affordable care act premiums and this is just looking to get the number of people covered by insurance to increase into further incentivize. The south to expand medicaid since they're sort of the holdouts town there. The republicans are blocking that there are also increases in tax breaks to parents who have kids up to three thousand dollars per kid if their age six to seventeen and thirty six hundred dollars per kid if they're under six years old and that spread out over the twelve months according to analysis this plus the fourteen hundred dollar check would cut the number of kids in poverty by more than half. In addition there's changes to the earned income tax credit for this year in extends to people without children. And if you're looking for how much that would be for low to moderate income folks. It'll be somewhere between five hundred and forty three dollars in one thousand five hundred and two dollars. Lastly in the rental and homeowner category it gives thirty billion dollars to help low income and unemployed folks afford rent and utilities and at the state level states and tribes get ten billion dollars per homeowners. So all in all. I think thing that really struck me. Was this tweet that i saw saying that. Isn't it kind of crazy. That biden asked for a one point nine trillion dollar stimulus deal and he got a one point nine trillion dollar stimulus deal like i think that makes biden a pretty good politician. One of the main criticisms of obama was at he started out by compromising with republicans and gave them the compromise offer in the first place instead of starting out high. You can't say that for biden so far in this could be a sign of good things to come but like. I said they're hoping that this gets signed into law by the end of the week after the house passes it sometime this week.
Social Audio "The Goldilocks Medium" Jeremiah Owyang Analyzes the Rise of Social Audio on Clubhouse, Twitter and More - Voicebot Podcast 195 - burst 02
"I m a technology analyst. I've been doing this for almost twenty years. Attract the new trends. I make sense of what they are. I find the patterns. And i make a prediction about what's going to happen and i did this with a social media era. I did this with the sharing economy era. I did this with the tech wellness space. And i'm doing it again for the social you market. Yeah great all right. So i liked that background. Yo you and. I talked about the fact that you were forced to at one point. And you've been you've been in this game for a long time and people check out your website. We'll have it on the show notes really some interesting graphics you have as well as Materials to understand some of the different trends that are going on today. That are still in full force. But today we're gonna focus on social audio. And i thought maybe an place to start as i as i recall it. You have a couple of hundred thousand twitter followers. So you've you've had a you have a pretty big following already in one social channel maybe multiple. How is clubhouse different from the the preceding social media platforms well Clubhouse is a small and fast growing. It is a walled garden. You know it sucks people in and you don't really come out People spend ninety minutes in there but it is a social network. You have profiles you have a social graph which means people that you talk to and it also means there's a transmission in a A exchange of information in this case. It's real time audio so for you. How is that different from the way. You're engaging on twitter for example. How are you looking at. This is different and What i like to say is that it is the the goldilocks medium for what's needed in. Twenty twenty one and twenty twenty while people are stuck at home In the past we've relied on text messaging And this could be writing and text and our emojis but it really lacks the emotion and the nuance of the human connection. And now that we're stuck separated from each other craving more interaction now on the other end of the spectrum is video ad you might have heard people having zoom fatigue. It's just too much. They have to look good. Does her background look good or the clothes matching. They just don't feel good. People aren't happy in this last year. This has been a rough time so it's just a lot of effort to start a screen camera. That's not even really looking back at. She were that faces. So i press. Flooring is stressful. It's fatiguing it's artificial so in between that is the goldilocks medium and that is social audio and social audio is like what we're doing right now are real time conversation. The key differences. It's just you and me in here and we could do that on a social audio network. We could do that and twitter spaces right now. We can do that potentially on clubhouse well we also there would have the opportunity people would see were in there and we could open up. The room and people could just join and listening to our conversation. We could adam into the conversation. Yes that's right so in social audio versus just a conversation on the phone with two people People you know where people you don't know yet are coming in out of that conversation other conversation. 'cause you know sh spread and share rooms could split off In some cases on some of these social audio apps even conversation goes a synchronous where it's recorded.
Interview With Steve Ells
"So there's a famous ted talk by a guy named barry schwartz. It's called the paradox of choice and in it very explains that virtually all kern research on human behavior supports this idea that we humans we don't really like to have too many choices. Anything beyond four to six actually makes us anxious and unhappy which could help explain the success of kepala. Because if you've ever been in one you can probably tell me the menu by heart burrito bowl salad tacos four options. That is it. There isn't a whole lot to agonize over. And it's one of the reasons why you put late just exploded in the two thousands on the eve of the millennium the company had just been more than twenty stores and today cipolla has nearly twenty three hundred locations across the us and in four other countries and its value is around fourteen billion dollars now aaa as you will hear was never meant to become what it became. It was supposed to be a one off burrito joint in denver a joint that would generate enough cash to finance a high end restaurant that was developed as plan. He's actually a classically trained chef and he wanted to make michelin starred food. Not foil wrapped burritos into the earliest recollection. I have of in being in the kitchen and cooking was in the third grave and we lived in germany. And i remember cooking scrambled eggs. Had you make them. Did you scramble the digital crack the eggs into the panel scramble him or did you scrambling before no ice. Scrambled them for With a fork in a bowl. Thank and then. My mom had a a very well. Seasoned cast iron skillet. Nice i mean it was very very smooth and almost nonstick and i used to push the kurds into the center in a square shape. A perfect square. Maybe three by three or three and a half by three and a half something like that and then and then when it was just set enough i would flip it over and I mean it was very controlling. My can says a lot about me. Because i'm a i'm a little bit of a control freak and of course i had no idea then but I was just. It's an interesting. It's an interesting memory. Like what point did you start to a. I've read like stories about you in college where you'd dinner parties and and people like. What is this that you butter you. You'd make like duck con feet and stuff like how did you even know about this. How did you get into foods at such a young age in it well. My mom was a very adventurous cook and a really good one And she had a garden. She got all the cooking magazines and had a lot of cookbooks. And i used to. I used to spend time in the kitchen and And follow along. And at some point. I started watching cooking shows a julia child and graham on the galloping. Gourmet and the pbs series. The master chef series. I really love those and and would duplicate the recipes and and liked to cook for my family and then When i was older in high school i started having people over so you go to college in in boulder yes and you study art history and of course it made zero sense to my father. What you do with artistic. He'd be like so. What are you gonna do that. Our history degree. Of course i would say you know. I don't know we'll see. We'll see how this unfolds. And probably i was thinking that i would continuing and go to graduate school but my roommate suggested to me that i go to cooking school. She said this just weeks before
Dallas Based Southwest Airlines Says Air Travel Recovery Could Be Fading As Coronavirus Cases Rise
"Airlines says gradual improvements in air travel recovery. During the last three months have stalled in recent weeks and it's unclear if a surge in covid nineteen cases nationwide has passengers nervous about flying again. Dallas based southwest noted the uneven recovery in an update to investors yesterday morning saying that it has reduced its daily cash. Burn to ten million dollars a day and that it still has nearly fourteen billion dollars in the bank. After passenger willingness to buy tickets again between august and october led to signs of hope at south west the company has experienced a deceleration in improving revenue trends for november and december twenty twenty in recent weeks according to a regulatory filing
Evofem To Launch On-Demand Contraceptive
"Today we're GonNa talk about a company that is trying to commercialize a female contraceptive and the company's called Yvo FEM and their product is called sexy and it's going to be launched actually in the next few days. So I wanNA talk about them as the main story, and then we're going to start with some updates from Gilead O'Donnell as well as bio Merrin and actually we got some news from Amarin today that I'm GonNa touch on just very very briefly because I haven't. Totally incorporated it into my portfolio yet, but we did see some dramatic news from them. So with that, let's get going and the first thing I want to talk about is the Gilead, news that we heard and what we found out is that they were issued a complete response letter for the approval of Phil God's Nib, which was their treatment for rheumatoid arthritis. So, this is a bit of a surprise I would say and Phil God was going to be something that replaces revenue streams that are slowly starting to fall off a patent for Gilliat and they're gonNA start to feel that in the form of loss of revenue and forgotten it was kind of shoe into get approved by the FDA issued them this complete response letter saying that they will not approve the drug unless certain conditions are met and usually when companies receive Sierra L. either it's unconditional in the sense that they don't have any recourse or it has conditions on it and hear what we. Found out that the FDA wanted more data from their face, three Manta and Manta Ray studies before completing its reviewed, the NBA and they're specifically concerned about issues in male sex organs. So Gilead is going to have to provide this data, the FDA before they will approve it, and it looks like from what I looked very briefly on the clinical trials dot Gov site is that the primary completion date isn't until early twenty, twenty one where they final completion date of twenty, twenty four. Now Juliette is pre savvy. So I feel like they'll be able to eventually overcome these hurdles once they provide some data. So I. don't see it being long long-term hindrance of the company, but we've seen the stock get hammered pretty hard since the glory days of remedy severe and in general has been kind of slow to adopt new therapies to their pipeline in order to maintain that growth that people expect. So hopefully, with the approval of Fil gone, they'll be able to replace those drugs that are falling off of patent and be able to maintain their value that way. But personally no position for me from Gilead but I thought it was interesting to point this APP. Nasr Company. I WanNa talk about is by Merrin, and they are trading at a fourteen billion dollar market cap now, and they were also issued a complete response letter for Rock Avian and this was their hemophilia, a gene therapy and I've touched on Hemophilia A and. A number of different videos but I haven't touched the topic in a while. I did notice the CRO though and it's interesting because the conditions that the FDA wanted in order to approve the drug was evidence from two years of data for its ongoing phase three trial to support the durability of the gene therapy. So this is obviously kind of rough for the company because the bar is rarely set this high for other companies that two year window of therapy is going to be maintained. This has me questioning the gene therapy space as a whole that you know other companies that have invested in say route Jenex bio if they're going to have to show two years of data to show that it is a Gerbil effect, this obviously plays into the models and delays the time at which it's GonNa take for them to get revenue. So kind of. makes. Me Nervous about the gene therapy space but you know different diseases seem to have different thresholds for what the FDA wants and it's tough to predict. So thought it was worth bringing up and just for those who are actually following by man, their last phase three patient will complete two years of follow up in November twenty, twenty, one, serve you're expecting revenue from this drug. Now you're GonNa have to wait until twenty, twenty two proudly see any revenue. So that's a disappointment even though the drug does help us significant number of patients. All right. Moving on I WANNA touch on otani therapeutics ticker symbol od T, and they're trading now at around five hundred, seventy, four, million dollar market cap for those that don't remember I, touched on this a while ago they were short candidate that I had once I seemed like they had a run up in the stock for no obvious reason, and then I sold it off in anticipation of run up to this event that we just saw news to, and they're commercializing a tax seen that is given orally. So right now has to be given IV in a lot of complications surrounding that a lot of hurdles that patients he'd go through to get this. Treatment and it's Kinda tedious. So if he can come up with an oral version, it would be much better for patients and that's what Oh Donald Trump do here. So what we heard is that their face three contessa trial achieved primary endpoint and what they were looking at is test attacks will their drug plus bean compared to just capital being alone, and the results showed that the progression free survival was significantly better in the tax will plus Kapustin group rather than just cap aside to being alone nine point eight months versus six point nine months with a hazard ratio of zero point seven to just pretty good and value point zero, zero three.
Diageo to Buy Ryan Reynolds Aviation American Gin for up to $610 million
"Well, the Movie Star and Entrepreneur Ryan Reynolds certainly had something to celebrate this week. His Liquor Brand Aviation American gin is being acquired by the world's largest spirits business on Monday. Reynolds. Announced that Dr. Joe is buying the Startup Jim. Maker for up to six hundred, ten, million dollars the the fourteen billion dollar owner of brands like Johnnie Walker Whisky Tanqueray Gin and Guinness Al among others. The deal is a coup for Reynolds a Rakish forty-three-year-old celebrity actor best known for his performances a superhero with a twisted sense of humor in the twenty sixteen movie deadpool. It's also a testament to reynolds star turn as a copywriter. Reynolds bought an ownership stake in aviation in two thousand eighteen and became its brand ambassador. He applied his quirky provocative sense of humor to the task to here's just one example remember the Peleton ad that went viral in a bad way the one where the poor Peleton wife played by actress Monica, Rees appear to be exercising against her will to satisfy her sexist tons desire for skinny spouse. Well, Reynolds decided to help his career and Tro Peleton at the same time he cast releasing an ad for. In it, she in two friends are sitting at a bar, their nursing MARTINIS. She looked downcast while her two friends look on with concern. The peleton wife then downs, the entire Martini and the friends pass there's to her the implication of course, is that she has left the suddenly abusive husband on social media just to make sure we all got the joke Reynolds wrote Hashtag exercise bike not included naturally that ad went viral in a good way. It was cheeky ads like these along with Reynolds thirty, six, million instagram followers. And fans on other social media platforms that helped aviation sales skyrocket revenues grew in triple digits in both twenty, eighteen and twenty nineteen making it what Fast Company called the fastest growing super premium gin and the World Diario who's Gordon's? Gin. Brand is the world's largest was watching closely just three years ago. The conglomerate bought a Tequila brand from George Clooney valuing it at a billion dollars. That brand has performed rather well for Dr Geo. Now Aviation's biggest rivals have become family with the acquisition both tanker and Gordon's GIN become sister brands to aviation. The deal doesn't allow Reynolds to simply take the money and like the superhero he plays deadpool run he'll stay on as an owner and the brand's ambassador presumably for the next decade Diarios paying three hundred, thirty, five, million dollars now and offering an early of two hundred seventy, five, million dollars more over the next ten years depending on aviations performance
As Grocery Deliveries Soar, Startup Raises $10 Million to Unseat Giant Instacart
"As a result of COVID, nineteen instinct cart has become the Goliath of grocery delivery businesses as virus fears. Keep us out of grocery stores. We've been relying on food delivery mainly, INSTA- carts GIG workers called shoppers to keep a stocked up. This April INSTA- cart sales were five times greater than a year ago the Financial Times reported that I've popping growth hardly escaped. Investors Notice INSTA-. Cart raised another two hundred twenty five million dollars earlier this month that evaluation, approaching fourteen billion dollars. That's nearly double its valuation only eighteen months ago, perhaps needless to say instant carts thirty-three-year-old. A poor va mater is now a billionaire. But less you jump to the conclusion that Mehta can sit back and relax safe in his seat at the top of this rapidly growing industry. Thank again. A small startup called Ling is coming rich share of the grocery delivery business, though tiny compared to Insta- card investors are also taking notice last week dumpling raise six point five million dollars for a total of ten million dollars in funding so far founded in two thousand seventeen dumpling helps people create independent delivery businesses, the difference between shopping for instance card and dumpling is simple, but fundamental dumpling delivery workers own their own businesses Insta- cart workers are subcontractors paid by the shopping trip. Dumplings Co CEO's Joel. Shapiro Innate Danna make no bones about what motivated them to create dumpling. They felt sharing economy companies like Insta- card were treating workers on fairly so they created an APP that helps perspective entrepreneurs go into business for themselves to create a new business users pay a ten dollar fee for access to dumplings services and listing on the company's site where customers can search for shoppers. Bhai Zip Code. Shoppers paid dumpling a five dollar fee for each job or when they get busy enough switched to a monthly payment of thirty nine dollars. Dumplings model is not unlike Amazon's two year old partner delivery service, which also helps people start their own businesses in their case exclusively delivering Amazon packages supporters of the independent model say self employment in the delivery industry offers a number of advantages including higher revenue and insulation from the anti-god worker legislation that's cropping up all over the country so far fueled in part by the pandemic. The models seems to be working dumplings. Founders say customers or ordering twenty times more groceries than they were before in nineteen, and the company says it has helped. Two thousand people start their own delivery companies people. People like Kelly Vilchez in Orange County California. Vilchez operates under the business name shop girl. Oh, see. She told the L. A. Times that she's earning three to five thousand dollars a month. She's clearly a dumpling success story. According to the shop girl OC facebook page villages is featured in dumplings advertising campaign in contrast Insta- card has been plagued by shopper complaints since the onset of the coronavirus in March and April, many walked off the job, demanding better protection against Covid, nineteen higher tips and sick leave the Winston card initially claimed the strikes made no impact. Courts reporter Michelle Chang Rights. That's debatable on June. Fifteenth the Seattle. City Council voted unanimously to require that. GIG were companies like Insta- card and Grub pay their workers an extra two dollars and fifty cents hazard pay per order. That requirement is intended to last through the end of the COVID nineteen civil emergency declared by Seattle's mayor. Insecure has vowed a legal fight. Similar legislation is pending in Philadelphia New York and San Francisco Chang writes. It is these sorts of ills shortages of personal protective equipment, low pay and lack of sickly. The dumpling claimed self employment solves, but entrepreneurship isn't easy dumpling delivery workers have to do their own marketing and find their own customers, and they're on the hook. If grocery buyers failed to pay, which dumpling says is rare, that said any platform that helps the millions of unemployed grow their own wealth. Is appealing to investors, and it's interesting to note that dumplings mission says nothing specifically about the grocery business rather they say. We WanNA. Make dumpling trusted partner that helps anyone launched running grow their own service based business. Sure dumpling starting groceries. Be Questions. Where will they go next?
Tractor Supply stock jumps after company forecasts 'record-breaking' sales, profit
"We're GONNA start with tractor supply tractor supply which is one of those businesses just like it sounds there in the farm supply business and shares of tractor supply up this morning basically because they they updated their guidance for the second quarter. This is you tell me is was the guidance that good or is part of what we're seeing with the stock just enthusiasm from some institutional investors who are thrilled that accompany any company is actually updating guidance. When we're in this period of time when so many companies are withdrawing it all together It could be a little bit of the ladder Giving updated guidance this earlier still a month ago in in the second quarter so To give the guidance that they expect tractor supply expects Same store sales growth of twenty to twenty five percent With the two thirds of time period down but It's you know it's an extraordinarily big number and caused as everything is right now by The environment Covid and they're just in the right place at the right time. Also they did a number of things Before this all started that put them in position to take advantage of Of this time Having gone further on their The buy buy online. Pick UP IN STORE program which is one which more and more people are using Not only attractors but other places and just twenty to twenty five percent. Same store sales growth for the quarter is The reason the stock's up five percent. Today this is not a particularly big company Just if you look at the overall market cap around thirteen fourteen billion dollars is tractor supply one of those businesses because there had been stretches of time where this has been a great stock to own d look at tractor supply as one of those operators that is an acquisition candidate. Would it make sense for like a Walmart to just go out and make them an offer? They seem to do a pretty good job of serving their base of customers. Yeah they've got a great record with customer focus and I don't know that they the plenty of places I I suppose could work their operations into their own but I don't think that their identity Would do well under that. They they are Advertising themselves serving the the lifestyle out there are out here. I guess and it's of course. More people are spending more time away from cities and our maybe planning on spending large chunks of of the summer
How are colleges spending their relief money from the CARES act?
"How're colleges spending their relief money from the federal government Congress set aside fourteen billion dollars for colleges universities and their students and it matters a lot how to use that money colleges not only shut down this spring but face uncertainty about the fall semester the president of Brown University told us recently that some universities could go out of business if they fail to reopen this fall NPR's listen that warning is been following the money good morning good morning what our education leaders saying about that fourteen billion dollars that they received so from the beginning if they said fourteen billion was not enough the American council on education hired lobbying group called the money willfully inadequate we're seeing colleges with massive budget shortfalls there's hiring freezes and furloughs and cuts to programs although there is a fourteen billion dollars where is the money going so the majority of that money was in a bucket of about twelve point five billion dollars that went directly to college as the law requires that each school give half that money directly to students whose lives have been disrupted by the pandemic they're facing financial challenges struggling to make ends meet and will not as interesting so the universities don't necessarily get a lot for teacher salaries or something like that the students get a lot of what seems like a lot are they benefiting so it really depends on what school you go to whether or not you've seen that money yet so it's been up to the schools to distribute the money which means they make an application they decide who gets that and there's a lot of need right now in college campuses and there's only so much money in the pot and then there's this larger question about eligibility so several weeks ago that department said only students who are eligible for federal student aid were allowed to get the coronavirus relief that essentially in excludes international students and undocumented students including those protected under daca mmhm and the community college system in California has actually sued education secretary Betsy to boss over those restrictions calling them arbitrary and unlawful but the entertainment told NPR in a statement that if Congress wanted to include non US citizens they would have explicitly said so I'm glad you mentioned education education secretary device because she's been a subject of some of your other reporting on a portion of the cures act this relief bill that is used to have been used to boost small private colleges what's the news there that's right so there was a bucket of money a smaller back about three hundred and fifty million for it the secretary to top of schools that haven't gotten much relief from other parts of the bill and we now know that money went mostly to small private schools many of them religious so one example is wind Brenner theological seminary in Ohio they have about a hundred fifty students certificates and graduate degrees they're in the process of receiving about half a million dollars prince please when the president there told me it'll be about a third of their budget for next year and they plan to use that to offset tuition we are smaller school we have a very focused mission it's too quick leaders for service in god's kingdom which is not a shared mission however possibility in the number of students we could reach through eight seventy that these fungal while you know this comes at a time when public colleges especially community colleges are really hurting these are tens of thousands of students and that's in comparison to the smaller some schools that serve you know in some cases a hundred students okay so questions about the distribution of the money and the amount as well and we'll surely hear more on this subject listen thanks
Boeing Loses Plane Orders as Coronavirus Hits Global Air Traffic
"Boeing says it lost orders for one hundred fifty of its already ground at seven thirty seven Max planes last month Boeing is still working with global regulators to try to get the plane airborne again by mid year but now airlines are fighting for their financial lives and that isn't going to get any easier according to the international air travel association the group says airlines around the world will lose three hundred fourteen billion dollars in revenue due to the virus
Lululemon Athletica: Chip Wilson (2018)
"So it used to be that the clothes you wore to the gym. Were like the absolute worst clothes you owned. You know the radio T. shirt. You got for free at some event sweatpants with your high school logo. You know the kind of short shorts Dr J. would have worn on the basketball court anyway. Most of this apparel was cotton-based Baggy. Didn't look so great in honestly. Nobody really cared. You had one job to do which was to sweat at the gym but at some point in the past ten or fifteen years all of that changed because suddenly the clothes you wore to work out. We're also the clothes you can wear to the grocery store or at a restaurant or even at work so for better or worse people were wearing their gym clothes outside of the gym on purpose and this trend it was called at leisure and chip Wilson. He was one of its pioneers. The brand he built out of his house in Vancouver is now worth more than fourteen billion dollars. Now before I go on let me just address. The elephant in the room chip has said some things that are well. How do I put this rude and Borish? He's put his foot in his mouth on several occasions. He's embarrassed the company and you will hear about some of that later on in the show. But he's also an open book and open to getting grilled all about his life. He's not a cautious media. Trains soundbites guy which is in part. What makes him interesting? Because that's sort of how chip grew up without any pretension middle class. Kid and Calgary. Canada chip was athletic. He played hockey and football. His Dad taught phys ed at the local high school and his mom was a seamstress she lived for it. It's were total passion was. She tried to make clothing for the kids. But of course we didn't. We'd never liked what she made for us. But you know if I want to spend time with my mom. It had to be editor foot in the sewing room. Until did you learn how to sew like from an early age. I can definitely so but more so I think it was working with the butterick patterns and watching my mum lay them down on the fabric and then and then how she moved them and twisted them in order to save fabric. I always say how important that is because once I got into big production and you'd lay fifty to one hundred layers of fabric down when you can save even five six seven inches a fabric that can mean thousands of dollars now before chip would go onto so and designed clothes for a living. He actually got his first real job at an oil company working a grueling incredibly lucrative job on the Alaska oil pipeline for almost two years. How much did you walk away with? How much cash interesting in? Today's dollars probably about six hundred thousand one hundred seventy five thousand. American is amazing amazing. Nineteen you were just given this cash. And that's simply because there was all this money to work on the Alaska oil by blood. I guess right and trade my life in for money I mean there was no girls. There was nothing there except for work so I also wonder you know if everyone got that opportunity with they have made the same thing out of it. I did a pretty good use your eighteen nineteen or twenty with a bunch of cash. So what did you? What did you do with the money? Well it all had three goals in Alaska when stolen my own house by the age of twenty To be in my own business by the age of thirty and retired by forty and retirement meaning that I was doing exactly what I wanted to do so so I did. I bought a house and then I Finished up my degree and I worked for an oil company. And this is an oil company Second in Calgary right because you you moved back there some Roy right and I guess in like the late seventies right Pretty much at around the time you graduate college or you start to make shorts like baggy shorts for men year. Because I didn't have to get it what it was like. At that time. Men were very short shorts. That were very very tight. You know you only have to look at movies from from the late seventies to get that kind of picture and And they made a lot of sense to me because I had very big legs and I was. I think because I was working out three times a day. I was always in a constant sweat and the idea of wearing shorts. Full-time was very appealing to me. Yeah and so you and these were like flower printed like loud Hawaiian like trader. Joe's like those shirts like that's what the shorts looked like. Yeah exactly but we have to see it in context that there was nothing like that before everything else. Was that era of Brown rust off color. Okra yellow like solid colors. There was no brightness in the world at all that time so that was a radical. Look so I started because I couldn't get loud flowered prints in two thousand meters which is kind of what a person needs to go into business. I started doing what my mom did. She quilted fabric so I would get masses of different types of patterns of fabric and then cut them into squares and then I would quilt them and then in order to keep the stability that I put up packing on it of black fabric. And then I realized I had reversible shorts so normally were they long and Begi and reversible. They just really revolutionized shorts. And then the skateboarder started taking them on because it kind of covers their knees even know about them. Did you start to sell them somewhere? Well I mean that's the invention of vertical retailing because I made about three hundred pairs of shorts up in nineteen eighty and I went to the big department stores here in Canada and they would have nothing to do with them so I had my first inventory problem so I thought what am I going to do so I basically set up a lemonade. Stand for the shorts. And in in Calgary in the downtown mall at Calgary and I had a partner girlfriend at the time and so we did that together and we would lay all the shorts out and then they would make like a thousand dollars a day selling the shorts and has making like a hundred and twenty dollars the oil company so it was tough to figure out the math of that and what these will not swimming shorts. What who would wear the shorts? What would you be doing while wearing shorts? Well these particular shorts you know. I couldn't release. It was tough in the oil business of conservative Calgary where people were practice suits and cowboy boots to them on loud begi shorts and so I originally called them barbecue shorts because I needed to give men needed an excuse to wear them. I knew they wanted to wear them. But as you know a couple of years went on and that's again that's when the skateboarding market took over from the surf market and the young boys you know like tend to eighteen started wearing them so this is this is one thousand. Nine hundred eighty. You've got barbecue shorts by the way the barbecue season in Calgary fairly short like a couple of weeks again forty days forty days. You've forty days or these shorts. And Calgary I mean not a brilliant marketing move but it worked people were like our barbecue and so nineteen eighty and then but at the same time you were still working for this oil company on the side or or. You're doing this and how long before you quit the oil company. Well ahead my goal of quitting being in my own business by thirty so I worked through company for five years and quit on my birthday. Your thirtieth birthday exactly. Did you create brand? Around around the barbecue shorts. Yeah I I called it. West Beach Which at the time was I think it's probably from being in San Diego whereas young and probably the the incredible feeling I had from living on the beach every day minute a little bit. Yeah when I was a little kid. And I being in Calgary. All's wanted to get back to the beach. I want to get back to the west coast. I think that's where I felt best. So that was the brand I built up around
What's Next for Bombardier?
"It's been a big month not just for Birdie but for business aviation in general. By months I mean. Basically since January sixteenth until February seventeenth. There was all kinds of speculation. About what bombard he was GONNA do. Because January sixteenth. They came out with a warning to Wall Street and they said first of all our twenty one thousand nine financial results are going to be so great. But that's not the biggest news. The biggest news is we're going to do something to our business portfolio. We just don't know yet and that got everybody going. As to what the possibilities or in the possibilities were bombarded currently exists with two divisions a business aviation division and in bigger train related division of trade related they make everything from actual trains to signaling products that go along with the railway system and so turned out. They were shopping. Both of them out to see which one could get the better deal and on February thirteenth. We heard the actual financial results for the year. And they of course. We're not as great as once hoped but more importantly what the. Marta announced that it was selling the rest of it. Eight to twenty stake to Airbus the eight to twenty is the series that Bernier originally developed and they were going to sell this now. They're remaining speak. They'd already sold part of it. They're going to sell the remaining of it for about five hundred fifty million dollars in cash and what that means is Airbus gets to walk away with the whole former C. series. Now the eight to twenty is entirely in its control and then four days later on February seventeen bombard. Ea announced it had reached a deal to sell its train. Division notice bombarded transportation to also come of France also is one of the two big train makers based in Europe Siemens being the other one and long story short. They're going to sell this for. They're going to sell the training division for up to four and a half billion dollars which does sound like a lot of money but then again you're talking about businesses that have more than fourteen billion dollars backlog or annual work and so it's it was a pretty much a fair deal all around and for Bardy what it does is it brings a desperately needed money. That bombarda was running out of Because it has a major debt payment next year and had to make the more importantly it had this huge debt pile of more than nine billion dollars that it faced with no real great business plan to help to pay it off now to getting out of the train business. And it's getting out of eight to twenty. It's going to be business aviation only and it's GonNa have half the that it used to have. So what does that mean for bombarding going forward? Let's say some big space so this money going trump's ideas trouble having trouble wild -veloping because he went way over. Budget and and Airbus Boeing basically were playing competitive games so they couldn't get a huge hole so they brought in a new CEO about Bellemare and they launched a five year plan and they've been sort of on that plan selling everything everything. They've acquired over the last three decades. They've been selling off to judge as part of this plan. How quick can you name them? All CR J sold off candidates. They've sold off the Canada's down view PLA. They've sold off. Sra Damn Cameras Downfield. They've sold of Canada. They sold off the would bomb. They sold off the out. J. Them Nestled on twenty with pupils. One hundred hundred let themselves with the business championships. Actually with you. Get back to nine hundred eighty six. I started when the quad candidate. And they're still making the challenge but anyway southern this strategy this five year turnaround plan and the idea was by the end of twenty twenty. They would have they'd be you know they'd be back into having SPEC CASH. They could use to pay down the debt right. So we're all tracking along this way. And of course the rail business going to ride together just contractual delivery troubles so they have all of a sudden at twenty twenty figgers way. Wonky and it was so fun to read the Michael Story because the apple is so McCall was saying he segment strategy. This is not strategy. Ain't just has been almost fire sale. Just keep so to say that. I've been thinking about this philosophy days sadly I've been thinking this philosophy and it's like watching a horror movie right. We have saved these. Don't go into that darkened room with taps which don't turn your back on the camera. Don't gain that car in the history of bodies don't stretch the J. develop a new airborne. Don't leave your regional airline customer base behind to develop an airliner. Don't try to yourself that you're not competing with the HIP Hustler. Unless you all of this thinking I really still don't WanNa get in that car bombarded. They are now very focused on business. Va Shin. But I'm this is not the end of the store.
"fourteen billion dollars" Discussed on KSFO-AM
"Chair Jerome Powell said Wednesday he's bullish on the economy he says threats from the corona virus income inequality and the expanding federal debt which now tops twenty three trillion dollars our concerns Jeff mackay Washington you know it it's a scary number when you hear this fourteen billion dollar fourteen trillion dollars here all these big numbers being thrown around just to look at it in perspective and if you look at the perspective of how soul debts as a person as a percentage of disposable income it's down twenty six percent from two thousand seven it's below ten percent of household income so yeah it's a big number but the fact is working wages are higher people feel comfortable in having a little bit of debt out there what they're also not showing you talking about is the fact that credit card companies reporting that the number of people defaulting on credit cards is dropping and the number of people paying off their balances in full has increased by about so I think the number was seventeen percent over the past three years so as people get more money in their pockets yeah they're putting stuff on plastic but they're paying it off at the end of the month and that's something they had they had been doing in the previous administration because they didn't have a lot of money I just saw something like this and I thought wow okay they're trying to say that this is really scary that's there's a lot of warning signs for this ever increasing student loan debt well I I don't know if that's really true either because all the statistics I'm looking at saying it's a lot of people who aren't going into as much debt as they were during the previous couple of administrations when colleges here the people are saying the only way you can do this you got to go to college other people are taking more economic routes yeah you still got people going to Harvard you still got people going to Princeton I still got people going to Stanford and you know some of these little liberal arts colleges across the country is still getting the classics degrees now they'll be in the most most highly educated priest at Starbucks but can you got the kid who maybe goes to junior college for a couple years gets a gets a cheaper education there and then finishes his degree at a state school walks out of there with may be couple thousand student loan debt gets a job in his field right out of college and gets a good paying job make some money and your pace office student loan debt I happen to know three of those children there my three older children that did exactly that they didn't have to go to some fancy school they went to a state school they'll get jobs in their profession and paid off their student loan debt you know I didn't I didn't I didn't get the opportunity to grapple off site I'm not be like a strip for me I did not graduate college but I went to a community college and was majoring in communications and radio and then ended up getting my gig but going to that community college and not requiring any student debt through it was I I'll my gosh I'd still be paying that off absolutely and the thing I love about to community colleges is the fact that most of people teaching there actually understand the business is that the the the courses they're teaching and the the professions they're teaching and yes because a lot of them are in that profession yeah I know that my brother in law teaches at a local community college and he's in the tool and die industry and he teaches people how to become tool and die makers which is a dying art they can't get enough people to do it it is an incredibly well paying position and he teaches part time because he was a full time teacher but he got would back into the industry by a couple of companies that basically said come in whenever you can stay as long as you want we need your expertise and so literally he'll go in there and help you know this one place to work twenty hours not place of work channels flipping around if you want some extra money the old work extra hours many teach this class in which she can walk in and say Hey you know I was working on something today but I think you guys will find interesting so he's got the hands on skill and he's able to talk to the other people in the class about this and teach them exactly what he knows it's the knowledge base there like I used to love to go teach at a local broadcast college we have local broadcast college would would invite me in to talk and it was one of my favorite things because you had people in this audience that were chosen you anally excited about learning about radio and television because I can talk about both for those you that I don't know most of my brother and I were TV weatherman be before we cut into radio and actually he and I both work radio for a long time both was started in high school in radio and what's your college did radio then we got to television both be in TV weatherman I know it's the initials B. S. yeah a job we could get but I I wore I did radio in every city that I worked in a you know why work for the local news station channel in in a in fact in all cases except for one it was the local affiliate carried Rush Limbaugh program I always knew you have a nice conservative Adler I would do the weather for those stations I'd be there let's get the latest forecast channel seven's Brad Sussman you know in Amarillo cagey and say in an ad in Jacksonville Florida same thing there and we still get we get it we have a couple listeners that are in other states will dot com we have thousands of listeners all over the world we now have you ever is our family the cast of a family as a family and what I we I just got an email I think of my did Monday of this week up somebody who hears you doing out whether in Alaska which on a side note I had a company that for a long time I did.
Farmers received billions of dollars to compensate for tariffs
"Oregon farmers receive twenty two billion dollars in federal aid this year NPR's Dan Charles reports that's the highest level of farm subsidies in fourteen years government payments to farmers this year went up sixty four percent compared to two thousand eighteen more than half of the money fourteen billion dollars was supposed to compensate farmers for income they lost during trade disputes with China when the US impose tariffs on imports from China the Chinese cut imports of America's soybeans and farmers got less money for their crops the US department of agriculture calculated the payments based on a farmer's production so the bigger the farm the bigger the payout some Democrats in Congress are criticizing the USDA for restricting access to food stamps or snap cutting off benefits to the needy while delivering generous payments to
"fourteen billion dollars" Discussed on WDRC
"Here's a message from Alcoholics Anonymous I grew up in a normal home in a normal town all of a sudden everything they're crazy I didn't talk to anybody about the way I was feeling I was scared and I was alone I started drinking and taking pills I just didn't want to those happening in my life I knew about it but I thought I was too young I found out I was wrong if you're having a problem with the drinking water you give us a call Hey it works look this up in the phone book or check your local newspapers welcome back to the Lars Larsen show it's a pleasure to be with you on this Monday I glad to get your calls to at eight six six a Lars that's eight six six four three nine five two seven seven I mention in both the Twitter plugged cold tonight and some of the news stories we reported that the United States may under president trump declared that the Mexican drug cartels will be designated as foreign terrorist organizations that could lead to tough financial penalties and legal ramifications in the U. S. against those who were involved remember that if you give aid or comfort to terrorist organizations that make sure criminal buying drugs in the United States I think would be doing exactly that so I think this is the right move because the drug cartels in Mexico been responsible for literally hundreds of thousands of deaths in over the last several years about a hundred thousand people a year and and this is something that has to be stopped I've invited on the programeri Espinoza we've had on before the national director of the remembrance project and a candidate now for Texas's seventh congressional district that's used in a mis Espinosa welcome back to the program hello lance Larsen thanks so much for having me on no worries no worries so tell me this is this the right way to go at one of the right ways to go and no no one thing is going to be the whole solution but is this one of the things you I should be doing declare these cartels a terrorist organization absolutely large because this actually should have been done decades ago you know this intimidation control and killing by these cartels in their criminal national organization and you know here there in bed in our communities as well look it up at that yeah the sex happened trafficking human trafficking the opioid crisis in it who's going to stand up to this and I'm glad that president trump is is that ma'am do you think that I mean it's only been a couple of weeks since the president offered to the president of Mexico that we could go into Mexico and we could afford the the Mexican government's on some help but I had one of my younger producers said to me today why do you think the president Mexico said no and I said I would imagine it's because as the president of a country you don't want to look as though you're you're beholden to or taking orders from up another country I don't want our president to be beholden to are taking orders from another country on the other hand when you have a a problem it's taking a hundred thousand lives are better every year you might need some help if you're Mexico why do you suppose the president of Mexico was not at that point willing to take that kind of help you can't put me on the spot sure why not I actually think that the cartel go all the way up to the highest levels in that country that explain it because exactly and you know we we have to put a stop to it and you know basically otherwise we can become a government that is afraid to stand up to the big bully in a room that kills people you know and this is what it is they intimidate the control and on here in Texas all along the southern border there as the Rangers No when they get a warning and I won't share something on radio but it's it's very horrific with the things that these cartels are doing to intimidate the ranchers down there along the southern border so this is going on for a long time is no surprises it's nothing new and I can't finally I am so glad the president trump it's turned out to be a vicious murders well you would think and if if your theory is right that it does go all the way up to the highest ranks in Mexico you could you could say well they don't want to stop it because it's actually benefiting the people at the top in the upper echelons and again that wouldn't surprise us given the amounts of money I mean el Chapo or Shorty goos one was respond was at a creek early chameleon fourteen billion dollars from drug trafficking it makes some of the drug traffickers in the United States look like hikers by comparison so you could see with those amounts of money that there might be a powerful political allies for them in public office but if we ever get to the point where we have a secure were southern border it may become very hard for the cartels to keep bringing the amounts of drugs into the United States and that that could put a real hitch in there get along when it comes to you know to selling the drugs to keep their organizations a lot right her so he hosted by also point to the assassinations of judges and political figures who are sometimes run in Mexico against another opponent so you know those are the you can point to that as evidence large that these cartels are heavily into the politics yeah and so so what do I what else do we need to do as a country and what and how is this working out for you in your campaign to win Texas's seventh congressional district right well I think that the number one and two issues when GOP voters a poll was number one there lack of confidence in their leadership of course that's why I'm running because I'm very disappointed and have had enough of these politicians lying to us and and the same they'll do something going again tells of office and ID take it about Americans versus formalist but also the fact that we have illegal immigration a wide open border that was another concern the top two concerns I'm here I've worked for ten years and who knows better than what we have gone to I've testified I held press conferences and been all along the southern border higher southern lawyer not just Texas and appeal testified on the way to DC so and help with legislation and strategize my legal background makes me a great candidate not just as an activist Lars and I'm not I mean if you I mean I admire all the people activists who are out there working hard but I tell you what we have to step it up we want more people who are conservative he loves his country and to support our American first president to run for office I mean you you guys there it is okay you have you know Joey nations is running I know he's an actor yeah I talked to Joey I've talked to and I'm curious Maria when you if you get the Republican nomination what in the world is your Democrat opponent gonna say to try to run against you to save no we shouldn't try to wall off these these terrorist activities from our country to protect lives both here and there one the world are you gonna say in running against you well obviously there already seen it because they're not for the border there she is for impeachment and of their day talk about like all the Democrats talk about is a humane way and dignity and bringing in these illegal aliens or detaining them you know what is humane and what we need to dignify it is a life again American lives you know that's our first goal of person for members for much responsibility is to American people and if we can start their Lars then we can go and if we want to help another country you know I don't like giving US foreign aid to countries where their politicians are operational leadership is pocketing the money I want to see results so I think I will go in and stop that money until I saw results and haven't these illegal aliens here go back to their homes that they're really truly running from some sort of gang violence which nothing has change in their in in their countries but they want to empty out and come to our country and they they bring the same problems here look at the Mexicans didn't want the el Salvadorian in Honduras in their country because they will bring in the problem fan and they couldn't sustain it so ill in a sense fortunate we have to go back to the basics you know we want to teach our children your education and pride in our country yeah not indoctrinate them into that seventy one percent of the graduating now think that socialism is okay that's not that's not our system of government his so there's a lot that we have to do but you know we have to get more conservative than people you know I hate using the word conservative because we love our country at that's a normal person out there I'm just sensible because because Maria I'm I'm I'm with you I think when they talk about dignity that we have to for dignity where is the dignity dignity in sneaking into somebody else's country anymore than there be dignity in sneaking into somebody else's house and and then you say where's the dignity that a third or more of the women who make it that track from Central America Bob through Mexico are are raped or sexually assaulted at there's dignity in that in coming into our country in an area and dragging your children across the desert which is dangerous for them and and and and degrading I don't see I don't think there is any dignity in trying to sneak into somebody else's country very quickly before we end where's the website where folks can find out more about your run for Congress in in Houston we ask for Congress twenty twenty dot com Maria for Congress twenty twenty dot com that's Maria as the.
"fourteen billion dollars" Discussed on 90.3 KAZU
"We did impact a lot of folks off site and there's obviously been reported damage physical damage to residencies glass broken doors jammed in their frames etcetera the company has set up a claims hotline for affected residents environmental officials are monitoring the air quality for NPR news I'm Sasha court during Houston stocks finished higher on Wall Street ahead of the thanksgiving holiday the Dow at eight forty two points up also about two tenths of a percent this is NPR in Spain the future of international space cooperation is under debate as the European Space Agency meets to chart its three year plan Terry Schultz tells us Europe is considering teaming up with the U. S. on new missions to the moon and Mars the European space agency's twenty two members are discussing the future of the space sector much of it focused on trans Atlantic questions such as whether to join projects with NASA like the lunar gateway project to build a small space station orbiting the moon or Mars twenty twenty program expected to launch next summer the next steps for the international space station are also a question the joint projects between Europe the US Canada Japan and Russia which has been continually inhabited by humans for almost twenty years was originally due to be decommissioned already but talks are underway about whether it should now be commercialized the European Space Agency will ask members to agree to a budget of just under fourteen billion dollars for the.
"fourteen billion dollars" Discussed on KQED Radio
"Truck is ready to go to market got a load of fifty two bales of tobacco ready to be sold before the China terrace North Carolina tobacco farmers already faced a staggering triple threat declining demand as fewer people smoke crop losses from three tropical systems and tighten global competition as a strong dollar puts US forms at a competitive disadvantage and then another problem when the trump administration order tariffs against China last year the Chinese retaliated and implemented their own terrace including once targeting US agriculture products like tobacco that created an unprecedented level of uncertainty for what was once north Carolina's most stable crop as a result print like it says safe plan of Lester back of this year a loss of a hundred thousand dollars I don't know of a grower in North Carolina has a plan for next year survival is the plan right now China tobacco incorporated the state run monopoly one spot as much as eighty million pounds of North Carolina tobacco annually this year virtually none it's estimated that state's farmers have lost a quarter of a billion dollars over the last two years tobacco is different from most other crops hit by the trade war the federal government will pay more than fourteen billion dollars to US farmers this year after the China market a road for about two dozen agricultural exports such as soybeans corn and wheat but tobacco farmers aren't eligible for that money federal anti smoking rules prohibit government financial assistance so there's no pay out for tobacco farmers and no buyers for what had been going to China in warehouses across North Carolina there's more than a year's worth of tobacco exports sitting on sold the market is very depressed that Steve Troxler north Carolina's agriculture commissioner and a former tobacco farmer so do you know the question is if I refuse to if you're going to be profitable and if you're not going to turn a profit then why would you do it and trucks are says that's what the state's twenty two hundred tobacco farmers are wrestling with right now we know the door farming is a risky business is no question but I have seen the tears and farmers arrows and running down their cheeks that I never thought I would see rob Turner's family has farmed tobacco for more than a hundred years his son recently joined the family business and Nash county the largest tobacco producing region in the state their contracts to go for trying to tobacco Turner is not sure the overseas business will ever come back are you optimistic about your son's prospects of being a tobacco farmer I used to be a nail is question what it wants the stairs or eliminated also don't you can talk to me then Turner says the two sides of the trade war are arguing over policies that have nothing to do with agriculture leaving the farmers like him and hundreds of others paying the price for NPR news I'm Paul Garber in Winston Salem North Carolina the he you're listening to All Things Considered from NPR news KQED traffic.
"fourteen billion dollars" Discussed on KUGN 590 AM
"On that your inside information that'll help you here is something I don't get this because it's been up and down and sideways at first airports said if you're calling in over car you can't get him at the terminal in a relaxed that and now they're banning it again why true and then this is all starting really with LA acts and so I know this is an airport that you fly in and out in and out of the lying in and out of again this week if so yeah so if you're going to take a new over or lift you now can not to pick them up at a terminal so you have to actually take a shuttle to the parking lot that's next to terminal one and this is it like you said this is been going back and forth and they've as did the airport and this is not just LA acts there are other reports that have been kind of figuring trying to figure out how to make this work the best way more and more people are flying now than ever which is kind of an interesting thing it's it that people are flying in record numbers and so more and more people are using over and left to get to and from the airport and as a lot of airports are going through if you've I'm sure you know this I don't know if by Boston's Logan airport is going to construction but it is in the middle of a fourteen billion dollar revamp of the roads in terminals all of the New York airports are in constant construction at JFK LaGuardia and we go yeah Logan using Boston always yeah and and the part of the reason for that is because all are flying they will yeah it is that's true but also they have so much money so much money they have to spend it on some because their non profits they charge so much to pardon so much for the flight the ramp access all of this stuff and so and then they have the gall to say we're concert with them as a consummate that's you know and this is what it is we're improving the service so it'll be better for you cat lost with that but fourteen billion dollars only acts as a lot of money and so they're they're fixing the roads the terminals and so the construction is led to road closures airlines are at it at the same time airlines are actually adding more routes in and out of LA acts L. A. mereka is got a half a dozen new routes out yeah that I know and and and and a lot of airports you know when you look at in New York and Boston and Dallas and and LA acts when you look at the major hubs around the country there are more and more airlines are adding more flights and so that just increases the number of people who were there at all times and all hours and so the reason they say that they're banning the allies over and lift from picking people up at the terminal is because they said they just can't handle the can the the that's not a fair answer them though I I don't I now have a lawsuit coming here so here's the thing if you are going to take over in left or if this is it because look who want it I don't even take taxis at I don't live in New York City anymore so that was the only place I ever took like an actual taxi so now if you're gonna take over and lift to a lot of different airports San Francisco is doing the same thing Boston Logan airport Logan airport is going to actually they're they're doing the same thing in the next couple months they're gonna start pushing uber and lift out to a different will parking lot you're gonna have to get on a shuttle and they say it LA acts you can walk it's going to take twenty minutes to walk or you can wait for the shuttle and that will take you know probably twenty minutes or so that probably twenty minutes yeah yeah but I this is this is kind of the way a most airports are going to go so just plan ahead if you're gonna be traveling frustrating Instagram is lodged a new sister app called for read let's get the thread bind threads yeah.
"fourteen billion dollars" Discussed on Newsradio 1200 WOAI
"Chest discomfort so he went to the hospital where senior adviser says quote he was found to have a blockage in one artery and two stands were successfully inserted for his part the seventy eight year old says he's feeling great after the surgery and use the opportunity to push is Medicare for all plans saying through Twitter none of us know when a medical emergency might affect us and no one should fear going bankrupt if it occurs a driver who was at the wheel of an S. U. V. with plates connected to several crimes in San Marcus tried to run from San Antonio police early today he bolted when officers tried to pull him over it bends Ingle men on the northeast side around two thirty he lost control of his vehicle and crashed any at a female passenger tried to make a run for it but that didn't work out the driver is now facing multiple felonies a San Antonio state representative as floated for the two thousand twenty one session a bill to legalize the recreational use of marijuana Democrat rolling good theaters is floating is bill early so supporters could lobby lawmakers and legislative leaders to oppose the legalization like lieutenant governor Dan Patrick to regulate marijuana and effective way every state this done this is seen a reduction in the opioid deaths a reduction in teenage usage we put at age twenty one we allow cities to be able to to regulate the delivery method and I. E. you don't get smoke outside go smoke in your house all you want a good the S. is. pose all calls for only Texas grown marijuana to be sold in the state and would allow any adult obsessive to two and a half ounces of marijuana for their personal use Kerry lagi news radio twelve hundred W. O. A. I'd better investigators continue to look for a cause of a deadly plane crash in Connecticut a vintage B. seventeen bomber from World War two crashed Wednesday while landing at Bradley International Airport north of Hartford thirteen people were on board when it crashed at the end of the runway and seven people died nearly two dozen paratroopers have been injured in a military exercise in Mississippi an army official camp Shelby said they don't know what exactly went wrong during the night job twenty two have been injured fifteen being treated by medics in the field seven transported to a hospital none of the injuries are said to be life threatening during the jump the wind blew several members of the unit and they ended up in the trees Karen ten spoke in support of military spouses in Texas the wife of vice president Mike pence appeared on Wednesday at the state capitol to address military spouses and business leaders her remarks coincided with the initiation of a statewide military spells economic empowerment zone pens pointed out that military spouses often have a hard time finding a job because they often relocate the US chamber of commerce has created empowerment zones nationwide including in San Antonio and el Paso well now so says it's prepared to answer the question that humans have had for centuries is there life on Mars chief scientist says they're close to quote making some announcements and will be revolutionary he added to the intrigue by saying quote I don't think we're prepared for the result so launches another rover in July to hunt for extraterrestrial life it's expected to touch down seven months later on a crater three of having water the new list from Forbes says Amazon founder Jeff Bezos is the richest American for the second year in a row basis has a net worth of one hundred and fourteen billion dollars Microsoft founder Bill Gates was set. on the list followed by Berkshire Hathaway CEO Warren Buffett and Facebook founder mark Zuckerberg newcomers to the list include bays.
"fourteen billion dollars" Discussed on WGN Radio
"Seven twenty WGN on WGN is has having market just futures are pointing toward opening gains on Wall Street this morning after a rough day yesterday the markets DOW futures are up fifty nine points nearly a quarter of a percent of nearly a quarter of a percent on S. and P. futures in nasdaq futures of more than a third this morning a mixed day in Europe and negative day in Asia this morning in world stocks let's get the latest on agriculture and commodities now here's o'ryan Samuelson good morning Steve spent a good day yesterday in Madison Wisconsin of the world dairy expo were a light rain may have helped the crowd because farmers couldn't do any field work at home so they turned out for the world they're re expo and last night that the honors banquets these people were honored the dairy woman of the year Janine does seamers of Newton Wisconsin dairy man of the years Steve Maddox of burl to California the industry person of the year doctor Randy safer university of Wisconsin Madison department of Derry science and the international person of the year Dr Julio rocky from the Dominican Republic the show will continue through Saturday several sales including the Holstein classy but Tom Morris is put together for thirty one years and all of the breed shows in the dairy industry scheduled for the days through Saturday. another startling number from China China's hog herd fell by half in the first eight months of two thousand nineteen because of an outbreak of African swine fever and will likely shrink by fifty five percent by the end of the year this report coming from raw Bo bank that said the in the report it expects China's pork production to fall by ten to fifteen percent in twenty twenty on top of a twenty five percent drop in the current year of two thousand nineteen still no vaccine to stop the spread of African swine fever. have a good day I'm o'ryan Samuelson thanks or in US well a couple of stories from the business taker before we leave you this morning Jeff bass houses staying atop the list of richest Americans the founder and CEO of Amazon ranked number one on the Forbes four hundred for the second year in a row with a net worth of one hundred fourteen billion dollars Microsoft founder Bill Gates was second on the list followed by Berkshire Hathaway CEO Warren Buffett and Facebook founder mark Zuckerberg some newcomers to the list include basis is ex wife mackenzie roku founder Anthony would and Tim Sweeney whose epic games companies behind popular fortnight video game Ford says said the Americans on the list are worth a record breaking two point nine six trillion dollars some news about test lose boring the electric carmaker delivered a record ninety seven thousand vehicles globally during the third quarter of an impressive milestone that still fell short of investor expectations to set a new hurdle for Yvonne musk to get over the company's stock tumbled more than three percent in after hours trading on that news yesterday also this morning Google is committing to a White House initiative designed to get private companies to expand job training for American workers as the CEO of the company says the Google will make an announcement today during an appearance at the White House with the president star of our control to oversee who will oversee the administration's worker training efforts now the WGN associated bank market desk outlook for this Thursday October the third the weekly report on jobless claims is due out today first time jobless benefits economists are forecasting two hundred nineteen thousand workers filing for initial jobless claims report out mid morning will also get a report on factory orders the challenger job cut reporters do today PMI services index the ISM non manufacturing index the EIA natural gas report earnings today from cosco and pepsico. just some of the things that could move the markets on this Thursday October the third coming up the stories that matter with Vic form for the northwestern medicine news for we'll be back bright early tomorrow morning with another edition of the opening bell I'm Steve percentage have a great day..
"fourteen billion dollars" Discussed on KZSC 88.1 FM Santa Cruz
"Water heroes we can be a crime and heroes we can do to help heroes if we just get the policy and programs support Paul notes that eighty five percent of the nation's twenty five billion dollar farm subsidies go to the biggest fifteen percent of businesses which rely on factory farming synthetic fertilizers chemical pesticides and other practices linked to increased air and water pollution Paul says supporting cleaner practices will produce healthier food and in rich soil by capturing more carbon critics of the green new deal say it's too expensive and argue that a better way to address climate change would be to encourage innovation in the private sector Paul says the green new deal is an opportunity to reinvest money we're already spending in innovative private family scale farms but she admits change won't come easy agribusiness currently spends more than the defense industry lobbying Congress and what they want is where are we going to do for small independent farmers and ranchers who are interested in harming in a way that benefits everyone so for more than ten thousand farmers and ranchers have joined the campaign the coalition's next steps include creating alliances with conservation and business groups and inviting lawmakers to come out and see the benefits of clean land use along with the economic challenges facing a growing number of the nation's family farms for public news service I'm Erik glass the tourist trade is California's second largest business and employees. a million people but tourism to the U. S. from Mexico and China is down this year and some are calling it the trump slumped Suzanne potter reports. from other countries looking for vacation spots the United States may not be top of mind a new report blames president Donald trump's policies for hurting international tourism to the U. S. the study sites what it calls the trump slump in California tourism in particular Jim Doyle hits the business forward foundation which produced the report he notes that in the first six months of twenty nineteen international terrorism worldwide grew at a rate of three to four percent but in the US it contracted by one point seven percent only Mexicans raiders to trade with China. its market share around the world millions of jobs and billions of income and at no stage pain more than California. it says president trump's Muslim travel ban anti immigrant to policies and rhetoric visa rollbacks and terrace on Chinese goods have combined to create a negative impression that drives foreign tourists away the president has defended his policies saying they're designed to protect national security and correct trade imbalances the report says foreign tourism is the United States number two export second only to transportation equipment ended twenty eighteen eighteen point one million international tourists spent more than twenty eight billion dollars on travel in California alone Doyle says other countries will benefit when tourists don't feel welcome or safe in the U. S. eighty percent of travel to the United States is for pleasure not work so these are people who can switch their ski trip from California ski resorts to Canada ski resorts pretty easily. it shows the U. S. overall share of international tourism is falling and had its share remain the same as in twenty eighteen this year alone the nation would have seen an additional fifty nine billion tourist visits generating fourteen billion dollars in revenue and supporting one hundred twenty thousand jobs for public news service I'm Suzanne potter. you're listening to the evening news and KPFA Berkeley Calif que Los Angeles KFC at Fresno online at KPFA dot org..
"fourteen billion dollars" Discussed on WTMJ 620
"Tower meeting everybody sort of laughed at him and they just moved sign so when he comes out and says a mafia like shake down instead of there are things that are concerning here again he's jumped the shark because there's no way you can look at the context of what that evidence was presented and call that a mafia like shake down right you can't know. then someone shift does that you go okay here we goes again he's got nothing so was you have to do he has to claim something that is just completely and totally unprovable. as he did before right with Russian collusion yes. it's an and that's the insanity they believe it work. it didn't work in bringing him down but did it work and covering up. a lot of what they did I guess that remains to be seen while the I. G.'s report and Attorney General Barr not and how far they go let me ask this question they would have never brought this up would we ever be investigating them the FBI. if this hadn't been brought up no we wouldn't so we might not have that everything the Democrats may have been their own worst enemy one in may be again here because of this plays out the same way there's nothing stopping Attorney General Barr November going eight six six ninety right I president trump and Japanese prime minister are they have signed a trade agreement. and that went for US agriculture deputy agriculture secretary Steve said ski was in New York at the signing of the deal and on a large scale here's what it does right now the U. S. cells depend about fourteen billion dollars worth of ag products and we have about six billion of that that's a ready duty free and under this agreement another seven billion dollars will be terrorists will be either eliminated or reduced and will be competitive to match any of our competitors in that market and so that's going to come around ninety percent of the dutiful trade that we have going into Japan since he says the next step for the agreement. often the peace here in the next couple weeks but the hope to have it taken to operation January first it does not need congressional approval Gary Crawford for the US department of agriculture Washington the U. S. T. A. report is brought to you by centex Roadmaster excel premium highway diesel fuel..
"fourteen billion dollars" Discussed on KTRH
"This new sponsored by shoppers farm supply in the top story this hour the whistle blower complaint at the center of all the controversy the impeachment inquiry involving president trop Ukraine's president and former vice president Joe Biden is being declassified Utah Republican congressman Chris Stewart tells fox is Laurie Ingram the report is a well written documents some lawmakers have already break you see this all based on the single supposition that trump acted inappropriately. a little bit anxious actually I would have thought how am I gonna be surprises are gonna be something in this article and all I can tell you that after reading it I'm much more confident tonight and I was just warning that this is going to be this is going to go nowhere the declassification comes hours just before acting director of national intelligence Joseph McGuire who recommended that it be followed through on testifies before the house intelligence committee now Democrats in Congress are on this impeachment road even though it's literally the last thing that you want them to do and Katie are just close Saunders is live with that yeah multiple poll showing that impeachment is not something you actually want you H. political science professor Jackie balance okay Terry cheats the only agenda Democrats have the whole. real policies affecting an impacting us every day they're pushing to the side because they're trying to tackle this president then trying to distract you valley says the left fears what investigators might find out about how the Russia probe started she adds that the way the left treats trump does she adds that the way the left is treated from started way before you got into the White House when he was first elected and over fifty refused to even show up to his inauguration who knows we may have another four years of this nonsense calling for mom is showing that sixty one percent were against impeaching trump ABC news had that and fifty nine percent the Wall Street journal at eight fifty so not a majority in any poll that we have seen favoring impeachment all right but they're going to keep doing what they're doing at least the inquiry part they want to delegitimize election and his presidency do you support a congressional impeachment inquiry has arresting you on our website on Twitter Acadia race news or on our Facebook page go tell us what you think most of the talk surrounding president trump this week well it's been trying to undermine everything he's doing there at the United Nations knows all about impeachment the new trade agreement with Japan but it slipped under your radar this is a huge victory for America's farmers ranchers and growers and that's very important to me. the president says Japan has agreed to open markets to roughly seven billion dollars in American agriculture also agreeing to lower sanctions on items like beef pork wine and cheese that they bring in as imports. agreement on imported produce from Mexico could be having an effect at the grocery store remember we were worried about the avocados now it's tomatoes US tomato growers actually push for new inspection standards saying the products coming from Mexico interior undermining the prices you pay here for home grown new standards expected to cause some delays at the border as they make these inspections commerce department officials worry that a complete shut down of the Mexico border though could send some food prices through the roof. the brakes on more than one point seven billion dollars worth of goods that cross back and forth every day one victim would be the produce section with imports totaling fourteen billion dollars. yep industry experts say more than fifty percent of the tomatoes eaten in the United States come from Mexico and.
"fourteen billion dollars" Discussed on 760 KFMB Radio
"Lil the one thing that made me go whoa was when Adam Schiff said after reading the transcript it was a mafia like shake down. and I went oh he's jumping the shark again yeah he's doing the same thing that he did with Russia collusion which was I'd got the evidence the evidence exists that the president committed a legal corruption it should be collusion with the Russians that will get him impeached the evidence exists and when he finally came out with it it was basically the trump tower meeting everybody sort of laughed at him and they just moves on so when he comes on and says a mafia like shake down instead of there are things that are concerning here again he's jumped the shark because there's no way you can look at the context of what that evidence was presented and call that a mafia like shake down right you can't know. name someone shift does that you go okay here re goes again he's got nothing so was you have to do he has to claim something that is just completely and totally unprovable. yeah as he did before right with Russian collusion yes. it's an end that's the insanity they believe it work. now it didn't work in bringing him down but did it work and covering up. a lot of what they did I guess that remains to be seen while the I. G.'s record and Attorney General Barr not and how far they go let me ask you this question they would have never brought this up would we ever be investigating them the FBI. if this hadn't been brought up no we wouldn't so we might not have that everything the Democrats may have been their own worst enemy one it may be again here because of this plays out the same way there's nothing stopping Attorney General Barr note I'm going on with. eight six six ninety right I president trump and Japanese prime minister OB they have signed a trade agreement it's a great day and it's a big win for US agriculture deputy agriculture secretary Steve said ski was in New York at the signing of the deal and on a large scale here's what it does right now the U. S. cells depend about fourteen billion dollars worth of ag products and we have about six billion of that that's a ready duty free and under this agreement another seven billion dollars will be will be either eliminated or reduced and will be competitive to match any of our competitors in that market and so that's going to cover around ninety percent of the beautiful trade that we have going into Japan since he says the next step for the agreement shot in the eyes and crossing the T.'s here in the next couple of weeks but the hope to have a kick into operation January first it does not need congressional approval Gary Crawford for the US department of agriculture Washington the U. S. T. A. report is brought to you by centex Roadmaster excel premium highway diesel fuel..
Apple Irish tax case appeal heard by EU court
"A landmark case heads to Europe second highest court today apple is challenging eight thousand sixteen order to pay more than fourteen billion dollars in Irish back taxes the BBC's Andrew Walker reports the European Commission said the Irish government allowed to subsidiaries of apple to attribute almost all their earnings to a head office which existed only on on paper the arrangement the commission said enabled apple to avoid taxation on almost all the profits generated by sales of its products in the entire issue because because it was a special arrangement not available to other funds it was the commission decided illegal under EU state aid rules which are intended to prevent governments giving companies and unfair yeah financial advantage the commission has said Apple should pay the unpaid tax island and apple are appealing against the ruling the EU court they say the commission made a number of legal and procedural errors. The case feeds into a debate about profit shifting by international businesses seeking to reduce tax bills. Something many countries are trying to to tackle for the Organization for Economic Cooperation and Development
"fourteen billion dollars" Discussed on AP News
"It currently requires the grocer which has about ninety five thousand workers said it's making the change to better meet the needs of its business whole foods that it's helping workers explore full time jobs at its stores or find other ways to get healthcare coverage online shopping giant am. on bought a whole foods two years ago for nearly fourteen billion dollars cutting prices on some items and adding it smile logo in its aisles a new report says US airlines are increasing their emissions of climate changing gases much faster than their boosting fuel efficiency the international council on clean transportation said the carbon dioxide emissions and fuel burning rose seven percent from twenty sixteen to twenty eighteen overshadowing a three percent gain in fuel efficiency the report's authors say airlines could reduce emissions and fuel consumption more than twenty five percent by buying newer planes and filling them with more passengers the report ranked fronts here the most efficient among the eleven largest U. S. airlines New York based jet blue ring to last the transportation council is a nonprofit group that works with governments to set fuel economy standards and pushes for stricter regulations to limit pollution the council hired the researchers who uncovered Volkswagen's emissions cheating a trade group for US airlines disputed the environmental group's findings one of the greatest wide receivers the NFL has ever seen retired just before the start of the two thousand six football season Jerry rice played twenty years coming from a small college he was overlooked by many the word on rice he's too slow and isn't worth a high draft pick that's what the scouts were telling forty Niners president Carmen policy one of our most prominent scouts felt Jerry rice was no better than the sixth round but head coach bill Walsh wasn't buying it rice won three super bowls with San Francisco and holds over one hundred and of call records he credits walls with pushing him to over achieve I have one game I think I has scored two or three touchdowns so bill brought me up to this office of thinking he's bringing me up there to Pat.
"fourteen billion dollars" Discussed on KLBJ 590AM
"Tablets Friday the other tablets are part of the Verizon innovative learning initiative the schools will also be assigned a technology coach to help teachers with integrated technology right there inside the classroom yeah the programmers used over a hundred fifty middle schools across the country it's a here's a quote from a Verizon spokesperson Jeanine brew brags it's really important for us that we teach students who may be under served and may not have access to the internet at home the a ISD is invested nine million dollars into into the program. well that's that's where we're a chat now I got that but really are there that many that don't have access to the internet I wonder I wonder if they know actual numbers that that back that up or it's just something that they've assumed thanks a lot of money some people may not have access at their home but they do at school or they do at the local library but some still don't have access at home it's really really hard for me to believe that these days I don't but did that that's a lot of money but that's that's how it's being done now. do they do they carry books at all anymore is there any reason for them to Kerry they shouldn't books at all they shouldn't I don't see why that would be there's no need and you know they shouldn't all right no no no there should be no problem printed books whatsoever for high schoolers especially especially the high school level yeah Hey got an update on a story that broke late Friday whole foods is dropping healthcare for part time workers whole foods a grocery chain which is owned by Amazon is cutting health insurance benefits for part time workers in a move that could leave about nineteen hundred of them without medical coverage many of them right here in Austin starting next year whole foods employees have to work at least thirty hours a week to qualify for company health insurance benefits that's up from twenty hours a week currently required the upscale grocery which has about ninety five thousand workers said it's making the change to better meet the needs of our business and create more equitable and efficient scheduling model and according to the business insider that sounds like a a bunch of gobbledygook we're trying to save money that's what that means yeah absolutely now while which were first reported the benefit change business insider whole foods as a topping those workers explore full time jobs at its stores and find other ways to possibly get health insurance coverage now the move was roundly condemned by labor advocates some of whom said that health cuts essentially undo the higher minimum wage of fifteen dollars an hour that Amazon announced just last year here's a quote from mom let's see a mark paroled president the United food and commercial workers International Union Amazon's plan to cut healthcare for these part time employees as one of Jeff Bezos most brazen attacks on the quality of jobs at whole foods and the communities that they support the online shopping giant Amazon his biggest individual shareholder is Jeff Bezos bought whole foods you know just a couple of years ago for fourteen billion dollars I don't know that didn't really seem to extreme me to cut the health benefits for just a twenty hour a week worker that day it doesn't well what they did is they moved it up to you got to work at least thirty hours right to to get those benefits right yeah because a twenty hour a. week worker are they really they're not it doesn't sound to me like they're really trying to make a career at it anyway I I did that to me that doesn't seem like the an extreme mood of course I'm not in that position I'm not working twenty hours a week and and you know you might feel different if you lost your insurance I know I'm not exactly. if it affected you I I I I I understand that yeah but for my position it doesn't seem like that this was coming cerebral was was predictable this is what a lot of business insider's actually predicted Amazon with very robust trying to you know expand their benefits to their employees which is fine for a company do they should they should do everything you can do to keep the best yeah and retain the best what they determined that this was not a financially good way to go so are they decided to make some cuts your alternate your choices work at least thirty hours ask them to schedule you thirty hours and can get the benefits and if they can't give you at least thirty hours then quit yes go someplace else go to bring your bright greater passion H. E. B. I don't know if they have similar benefits or not but there you go you won't be as cool working there but you know you might have a better shot at those benefits exactly right I posted a story on our tada don show Facebook yesterday actually just a screen shot of the Twitter account of Gregorio Kosor hello have you seen this you see in this post so the time to don show Facebook page this is this just a screenshot of Greg's you know you know his his Twitter account..
"fourteen billion dollars" Discussed on AP News
"It currently requires the grocer which has about ninety five thousand workers said it's making the change to better meet the needs of its business whole foods that it's helping workers explore full time jobs at its stores or find other ways to get healthcare coverage online shopping giant Amazon bought a whole foods two years ago for nearly fourteen billion dollars cutting prices on some items and adding it smile logo in its aisles stinky shoppers aren't offended after a Mississippi store decided to ban them the Greenwood Commonwealth reports the convenience store has a sign on the door stating notice a bad smelling oil mill people please do not enter the store's manager said the sign was posted about three months ago after customers complained about the order of employees from the express grain oil mill across the street he says he's a stop some stinky workers from entering so far there haven't been any complaints because the workers say well they know that they stink express screen workers continue shopping at the store one employee said workers who labor in the pits filled with stinking rotten soybean send less smelly coworkers inside to buy snacks UPS says it expects to hire about one hundred thousand seasonal workers in pay them more to handle the volume of packages shipped between thanksgiving and Christmas that's about the same number of people you PS hired for last year's holiday season rival fat acts and other major retailers are expected to lay out their plans in the next few weeks the official unemployment rates just three point seven percent and the tight job market make it harder and like. the more expensive for those companies to fill seasonal jobs you PS tell the nation wide job fair one hundred seventy locations to scout.
"fourteen billion dollars" Discussed on WGN Radio
"And half the Loralai so far starting at just twenty twenty six and penny mustard six locations throughout Chicago land any monster dot com better versions of what people want. your money on WGN stock futures are higher this morning the Dow poised to register an eighth straight day of gains for the first time since may of twenty eighteen the S. and P. five hundred has risen in six of the past sessions the Dow S. and P. and nasdaq closed Thursday at their highest levels since July thirtieth the government's reading for fiscal year twenty nineteen swelled past the one trillion mark in August first time that that level has been eclipsed in nearly seven years the total shortfall rose to nearly one point zero seven trillion thanks to difference between revenue and expenses of more than two hundred fourteen billion dollars in August now WGN traffic here is very bad about what roads of cause some delays on all of the roadways this morning the inbound evens is tight from two we it's about thirty minutes in from like cook in mind the candy an hour and five minutes already from here thirty from the evens twenty five express about airport forty six Iman eyes there is an hour five from three ninety from Mannheim forty five minutes an hour out to three ninety Stevenson forty eight in from the tri state an hour and fifteen minutes from three fifty five delays extend fifty three to eighty three and on Ryan twenty from ninety fifth there's a forty so the holy in from simply same on fifty seven as for the tollway some US seventy fifty fifty five is low on the tri state and in the sixty third and three fifty five accident on eighty ninety four east on a grant has been cleared reports of a roll over US thirty west bound just west of fifty seven traffic lights out at lake cook and will key in Arlington Heights plenty varies up north with some flooded flooding problems for personalized traffic on demand get traffic Chicago app approved by the mortgage experts of team like bird just search T. R. A. F. F. I. X. Chicago Vandervell from the ida traffic center reminding you to drive responsibly it really is a matter of life or death here's the forecast from the WGN Chicago weather center morning showers and thunderstorms give way to some sunshine later this afternoon windy and turning.
"fourteen billion dollars" Discussed on KCRW
"Family had to old member rolls a core group of them it seems from what we understand what you know very closely involved behind the sales and marketing strategy of the company how many family members which is well those that are being sued by name there's a core group of eight family members and so therefore Baz Mortimer Raymond soccer all day eight and then more to mind Raymond's widows and a core group of their children underground child all the groups that are being sued got it not the number of state attorneys general have spoken out against this tentative deal saying it knew where goes far enough in holding the Sackler's personally accountable under the deal the family would pay three billion dollars from their personal fortunes how does that some three billion compare to the amount of money that they made as a family on oxycontin yeah the family is very private and there's never been an absolutely comprehensive estimate of exactly what they're worth the hot folds a couple of years ago finally the family at fourteen billion dollars do we know what portion of that wealth was made from oxycontin most of it most of it yeah that's the money maker oxycontin is that money maker no they have pointed out that it's only a small percentage off the lights on the market but it's a very. active portion of that market no I understand that they have moved a lot of their fortune overseas do we know how much money we're talking about there. we don't know not exactly it's very shrouded the company is privately held and and very opaque a lot of is in property they've got mentions that go to state they've got places in in Beverly hills and you know New York City in the Hamptons in London but in terms of what they might have an offshore trust so that kind of thing it's very very amplia well I ask about the offshore money because there are so many lawsuits against us actors right now there are probably more on the way could these plaintiffs in the U. S. get at that overseas money. it's hard to know how easy or difficult that would be you know I mean lawyers I've spoken to say you can kind of put claims on people's property you can have a go at getting hold of money that's being stashed overseas but you have to wonder in practical terms wet that that would actually be possible and also you know finance I think you'd need to case decision you wouldn't be looking at a settlement and so I think the whole point of a settlement days that could you and the members of sock family you know they get to agree a price and so it's not impossible to go off the money that some stashed in obscure places but it's extremely difficult speaking of the settlement I want to read part of a statement that the sap was released yesterday they say that they support quote working toward a global resolution that directs resources to the patients families and communities across the country who are suffering and need assistance and quote. I noticed that the settlers are not admitting any wrongdoing should the settlement go through so let me ask you this in profiling this family in speaking to their close associates is that their actual perspective that they've done nothing wrong but they may be willing to part with billions of dollars to make these lawsuits go away but they do not feel personally responsible. from what one reads and what when he is you know I think they've talked themselves into a position where they feel that they're not personally responsible for I'm picking up the sales of oxycontin and also spreading the word that oxycontin was an appropriate drug in lots and lots of cases where I think medical experts now agree that it wasn't appropriate it wasn't anything like appropriate and it is very dangerous right it's hard to know how much of this is just legal wrangling you know I mean you Khan be fighting a lawsuit to that same time sort of saying like wow I feel really bad about this and they of course vehemently denied all wrongdoing in the legal sphere and hopping fighting these cases but you make a settlement to to sort something I'm to stop something dragging out and maybe to stop a lot of the evidence coming out in court that might be one tactic it's just a way to make this make this go away. Joanna Walters is a news editor and reporter for the guardian in the US you join us from New York.
"fourteen billion dollars" Discussed on Bloomberg Radio New York
"And this is a very key part of their new initiative to watch a lot of services to augment slowed sales of the iPhone in other hardware products and so what we're reporting now was a launch between the end of October and November so the next few months or so and one of the price points even considering internally is nine ninety nine a month which would line up with apple music an apple news plus but I actually think it's going to come in quite below that in the end given they really don't have the content library like Netflix Amazon Disney half which would be less than that flexing Disney's starting out low as while seven ninety seven dollars about right so about the price the ten A. B. square in the middle but I think it's going to come in quite a bit lower in there's going to be discounts free trials and bundles in all sorts of stuff to offset that you know apple services really right now at least not up to par with the likes of Netflix Amazon and dizzy yes he's reporting that apple is spending about six billion dollars set setting aside six billion dollars to spend on original content and that you know two seasons of the morning show this you know much anticipated show with Jennifer Aniston and Reese Witherspoon that's three hundred million dollars a lot what we know about how much apples really right if we knew initially and this was as of a couple of years ago apple set aside at least a billion dollars to pursue this but what they found out during the development of the show's needing the top talent from folk rock Steven Spielberg of course like you said Jennifer Aniston Reese Witherspoon that costs a lot of money it SO three hundred million dollars on two seasons you do the math getting to six and should not be you know so difficult and I've seen a few people being skeptical about that number but it does make sense it also makes sense why apple one want that number out there because it sets extremely high expectations what bush as cuties Dan I'm joining us on the phone who of course covers apple Dan would make of some of these new details in a way that a possible price the unveiling of the service in November and apple spending six billion dollars on original content compared to Netflix which is about fourteen billion dollars of course for apple this is you could say just experiment still or or a side business while as well that's Netflix's bread and butter I'm no doubt a minute thing right now apple needed to signify a step up content and I think this is all about the drum roll in for me for a week earlier this year I mean we believe either the services business but we think the opportunity here the hundred million consumers the next three to four years and that's really the golden goose for cooking Cupertino five point out this is the median to cater for right now and services that he did the group can you please really feel on the engine for apple going forward meantime mark apple card now available I know some folks who've already signed up they say a super simple straightforward process maybe that's only if you have good credit I don't know yeah the you've got yours but how has the rollout band so this is this is the model car everyone is asking about that you know the cash back today it was an interesting announcement three percent back on Hoover which makes it very competitive and if they're going to do more of these deals that's what I mean this is a great card and no annual fee for a lot of people so to mystic are you about apple cart I apple cart.
Unpacking DoorDash's $410M Caviar acquisition
"Some big drop that we couldn't help but dig into which is that door dash which we talked about a long show is buying caviar which we haven't from square which never mentioned so I have a lot of questions gate but what is the gist of this deal yeah. Unfortunately I think I have more questions than answers at this point but I do love and we get to talk about breaking news is very exciting. Okay so about an hour ago. Jordache announced it had reached an agreement with square to purchase caviar which is the on on-demand food delivery and catering business from square for four hundred ten million in cash and stock so right now. We don't know how much of that deal is cash. And how much are that dealer Stock Alex. Do you have a guess as to which would be the majority will I would always say in a situation like this. The majority is going to be stock because every company to conserve cash as much as they can't. They lose money and we know Jordache does but we also know that door. Dash has raised a kind of astounding amount of private capital in the last twelve months. It's raised. I think goods one point two five billion in the last twelve months give or take so if they had to be more cash kate they could but I believe the original sale of caviar to square was all stock doc so I wouldn't be surprised if stock was the majority of the transaction yeah I agree. I mean Jordache has to be one of the most well capitalized private businesses that there is in the market today so you know they certainly are sitting on just mountains and mountains of cash so they have the ability to do that so the acquisition isn't surprising but you know I think and people were surprised and I know I was by them purchasing caviar because it already was owned by square and there are plenty of other businesses that it could have acquired in this food delivery space and I. I think we all expect consolidation. That just wasn't really the deal that I saw coming. I mean we're you surprised by this. I hadn't even heard the demers rumor that square wanted to get rid of caviar. Let alone that it was going to sell it for this amount of money because if you go back in time to two thousand sixteen square one and to off load caviar but it couldn't find a buyer even at a one hundred million dollars price tag so three years ago they were going to drop it for a quarter of what it so thwarts day and they couldn't find someone to pick it off their hands here comes door dash and okay so gently with a whole bunch of respect to people who have numbers that I don't it feels a bit like the overpaid yeah. I think we're in agreement. I'm a bit skeptical as to why they would pay four hundred ten million dollars. It's funny so you know going back in time. A Little Bit Square bought caviar five years ago and what you mentioned ninety ninety million dollars stockdale caviar emerged around same time. A lot of companies were were launching in the food delivery space like I was just doing some research you know a few minutes ago and caviar our sold square only a couple of months after they raised. I think it was like a thirteen million dollars series and just in that same couple of months post mates raised a six till sixteen million dollars series B so very interesting choosing to see like how both caviar on post may have evolved now post mates is getting ready to go public on its own at least that's what we're expecting and caviar is now changing hands with the second time will well. I mean ironically. I think we're GONNA see Caviar. Go public via door dash when Dora she eventually does go public and we were talking a little bit before the show in the question was when and so when I'm thinking I._P._O.. Timing I kind of consider like market conditions are favorable which could try people in the company raised. A lot of money. Recently can push an I._P._O.. <music> out or if you bought something that can also delay <unk> kind of an I._P._O.. And sorry well you can digest the acquisition but in this case I don't actually know how the three things triangulate into figuring you're not wind Jordache will eventually go but it has to worth twelve point six billion dollars right so it's one of the most valuable companies will go public. I'm guessing next year but so they just raised. I know you mentioned. They'd raised over a billion dollars in the last year alone but I was there. Last round was at a series G. I know we're working our way through the alphabet. At this point I think it was serious. Gene they as a two hundred and fifty million dollar round about a year ago there is a fourteen billion dollar round in February if memory holds up and is six hundred million dollar round in May so it's been bonkers <unk> over a door dash yeah and I mean I'm sure a lot of that. Capital raising is as a result of the fact that there's so much money in the market. They know they can bring it in there like let's do all they can but like you Dash May or may not be and just get a sense of like how much money they've been throwing out the window yeah well they would say invest they would quibble with your investing in growth. Here's here's one last year we should move onto the next story but <hes> do you recall when we were talking about actually even before you run the show Heck luck and coffee when they were first blowing up and raising piles house of money they were growing like you wouldn't believe they're growing. It feels Jordache is now and the mcgarth E. S. one and it was super unprofitable because it was so expensive zip and so I'm curious it. We'll see this company end up having a similar looking document other with different expenses because luck was stores one yeah yeah. I don't know I mean door. Dash is one of those companies is that I feel like behind closed doors. V._C.'s are like you wouldn't believe the growth and so all you hear is that and you're like wow they must have must have so many customers they they must be making so much money but then yeah I think when you end up actually looking at the year like okay so this is what people were so excited about like these thought that Uber was going to be doomed without Travis Stratos all right. They're not always correct so many many things but they're not always correct so perhaps in this case will be
Iran's Zarif says talks on ballistic missiles possible
"Gave what is the next step in the U. S. confrontation with Iran Iran's foreign minister is in New York this week the U. S. waited until the last moment to approve his visa but ultimately leading man as required for United Nations meetings how much of odds a reef is taking the opportunity to meet American journalists and he told N. B. C. however Ron might be willing to negotiate with the US United States believes I mean is effected unfortunately to sanctions what would that have been sanctions that have been imposed since president trump came to office once those sanctions or the nifty then room for negotiation if I don't okay what is president trump administration make of that Brian hook is in our studios he's US special representative for a run this truck will come back good morning Steve does the United States want to talk with Iran the president trump and secretary of state Pompeii I'll have made clear over the last year or two that we are very open to diplomatically resolving our differences with Iran but Iran has rejected diplomacy too many times even as recently as Japanese prime minister Ave went to Tehran the first Japanese prime minister to visit the Islamic Republic they rejected his diplomacy he was there on behalf of the president try to be a mediator and try to be a mediator and you're running and supreme leader rejected it and while I'm they was in the country they blew up a Japanese oil tanker and so we have made it clear that we have and you're open to what is possible the secretary Pompeii oh seven the past you would sit down and talk without preconditions but Iran is got to start changing its behavior they've got to choose a better path do you think that the economic sanctions that the US has tightened and tightened and tightened are having the desired effect on we know they are during the life of the Iran nuclear deal Iran's military spending reached record highs they they they spend fourteen billion dollars the first month we were in office Iran's military spending went down ten percent and then this year it's going down twenty eight percent we also have Iran's proxies Hezbollah and Hamas and the who thieves in Yemen are weaker today financially then when when when two years ago when we took office and so this economic pressure is it is a necessary component if you want to get your run back to the negotiating table you want them back to the negotiating table but is it correct that you're you're nowhere near collapsing the regime from the reports that we hear the economy is bad to Ron but it's not as bad as Venezuela and Venezuela's review met and fallen so do you expect Iran's government to fall any time soon well our focus is on changing Iran's behavior and we are driving up the cost of Iran's foreign policy and if you look at the period from two thousand seven to about twenty seventeen the Iranian regime was able to run an expansionist and violent foreign policy around the Middle East and soaking sectarian grievances weaponize sing these grievances and you think that they're less able to do that today whether they ever changing policy we know they are you have had admissions from the leader of Hezbollah who has had to make public appeals for charity in March which is the first time that's happened in Hezbollah's history one of the thing I want to ask about is you know Brian hawk Europeans who are still in this nuclear deal with Iran have been setting up a special financial institution to make it more possible to sell food and medicine to Iran does the United States approve of that we're out of the deal the Europeans have said they want to set up there trying to set up what you described as a special purpose financial vehicle it's clear that it will only be used for Lissette purposes and the United States exams from our sanctions on Iran food medicine medical devices agricultural products and in as long as it's limited to that we're fine with that but we will sanction any sanction double behavior and I think everybody understands that but at the same time we're seeing no corporate demand for using a special purpose vehicle you're not sure that it's going to have much effect Brian see it having any effect Brian hook of the US state department