35 Burst results for "Geoff Colvin"
"geoff colvin" Discussed on WBBM Newsradio
"Increasingly using artificial intelligence to persuade you here's what it's doing right now I'm Geoff Colvin of fortune magazine with inside business a number of start up marketing firms are pioneering the field companies that include per sado Motiva a I and free easy for sado for example applies its technology to adds that humans have written analyzing key elements such as lay out imagery and language using customer response data and a database of more than a million common marketing phrases that have been categorized in labeled by human staffers the software automatically generates sixteen alternate versions of the message very young in specific phrasing color scheme fundamental emotional appeal and more those versions are then shown to test audiences and evaluated for instance after starting with an ad for an electronic sale that played on a sense of urgency with the phrase over before you know what Prasad father was more effective to focus on exclusivity with the phrase your on our list the advertiser decides which versions to use these ads are not created for and targeted at specific individuals but it's not hard to imagine a near future where they could be like most things created by a I'd they would probably get better with experience could a I get so good at persuasion but it raises ethical issues we're not there yet but some experts think we soon will be inside business I'm Geoff Colvin for CBS news yes news on the hour I'm Peter king two days.
"geoff colvin" Discussed on KCBS All News
"Brian hang in southern California how is a all I want you to make you buy something you don't really want or need we get more about that on our moneywatch marketers are increasingly using artificial intelligence to persuade you here's what it's doing right now I'm Geoff Colvin of fortune magazine with inside business a number of start up marketing firms are pioneering the field companies that include per sado Motiva a I and freezie first auto for example applies its technology to adds that humans have written analyzing key elements such as lay out imagery and language using customer response data and a data base of more than a million common marketing phrases that have been categorized in labeled by human staffers the software automatically generates sixteen alternate versions of the message very again specific phrasing color scheme fundamental emotional appeal and more those versions are then shown to test audiences and evaluated for instance after starting with an ad for an electronic sale that played on a sense of urgency with the phrase over before you know what Prasad father was more effective to focus on exclusivity with the phrase your on our list the advertiser decides which versions to use these ads are not created for and targeted at specific individuals but it's not hard to imagine a near future where they could be like most things created by a I they would probably get better with experience good a I get so good at persuasion but it raises ethical issues we're not there yet but some experts think we soon will be inside business I'm Geoff Colvin.
Japanese Women Are Fighting for the Right to Wear Glasses at Work
"Japanese women are fighting for the right to wear eyeglasses at work I'm Geoff Colvin of fortune magazine with the fortune business update it isn't uncommon in Japan for female employees to face multiple specific rules regulating their appearance at work some companies require women to wear contact lenses instead of glasses the prohibition on glasses is the latest flash point for professional women in Japan in March women railed against the common requirement that women wear make up at work earlier this year a female actor and writer sparked a tweet storm by criticizing rules that require women to wear high heels to work when a group submitted a petition in June calling on the government to ban the high heeled shoe requirement the health labor and welfare minister said quote it's generally accepted by society the wearing high heels is necessary and reasonable in work places on quote he retired in September but the high heel requirement in
Japanese Women Are Fighting for the Right to Wear Glasses to the Office
"Japanese women are fighting for the right to wear eyeglasses at work I'm Geoff Colvin of fortune magazine with the fortune business update it isn't uncommon in Japan for female employees to face multiple specific rules regulating their appearance at work some companies require women to wear contact lenses instead of glasses the prohibition on glasses is the latest flash point for professional women in Japan in March women railed against the common requirement that women wear make up at work earlier this year a female actor and writer sparked a tweet storm by criticizing rules that require women to wear high heels to work when a group submitted a petition in June calling on the government to ban the high heeled shoe requirement the health labor and welfare minister said quote it's generally accepted by society the wearing high heels is necessary and reasonable in work places on
FAA approves first commercial drone delivery service
"And offshoot of Google just took an important step toward the elusive goal of drone delivery. I'm Geoff Colvin. A fortune magazine within side business, we've been hearing about drone delivery for years, but the process of regulating, it has moved extremely slowly. Now at last Google subsidiary called wing aviation has become the first drone operator to get government approval as an airline giving it legal authority to start delivering products to real customers and get paid for it regulations. Still don't permit most flights over crowds and urban areas. So for now wing aviation will deliver small consumer items to only to rural communities in Virginia, Blacksburg and Christians Berg, many companies have complained that the permitting process is onerous wing had to create extensive manuals training routines and a safety higher rookie, Joe says any air carrier. Must do wings. Drone is a hybrid of a helicopter and plane. So it can lift off vertically and fly horizontally at high speeds it will lower packages to people's yards with a tether while it hovers a safe distance overhead other drone companies applying for FAA approvals should be able to move much more quickly. Now that the agency and wing have worked through the issues of what rules should apply to drone operators, and which ones should not like the rules about flight attendants and
"geoff colvin" Discussed on WBBM Newsradio
"Seems hard to believe that black leather jackets have become mainstream attire for big companies C E O's at least for some of them. I'm Geoff Colvin of fortune magazine with inside business, not many male CEOs in the fortune five hundred or wearing biker jackets, but among women CEO's. It's actually becoming commonplace. Mary Barra CEO of General Motors. Even wore a black leather jacket to testify before lawmakers in Washington leather jackets have become Goto wardrobe choices for IBM CEO, Jenny Rometty, the NASDAQ stock exchanges Adena Friedman and Michelle gas CEO of Kohl's the item glided gradually into the business world in the wake of two. Otherwise, unrelated trends, the leather jackets shift from emblem of rebellion to status symbol and the casualization of corporate America, Susan Tannen, founder and CEO of a framing startup called frame ridge has raised sixty seven million dollars from. Investors much of it while wearing a leather jacket. She says you want something that shows respect for the significance of what you're asking for. And you also have to portray yourself, but someone who's rolling up your sleeves to do the job a leather jacket. She says walks that line Neiman, Marcus has responded to growing demand by stocking. The wants seasonal item year round at among the trans. Macy's fashion office has flagged for its employees to push. This year is leather in the boardroom inside business. I'm Geoff Colvin. For CBS news WBZ in HD, Chicago, WCFSD FM and HD one Elmwood partial cargo, I'm probably okay to have one more drink before. I drive home. I'm probably okay. I opened the window to stay alert probably boxing where mouth step out of the car. Please. I probably made a mistake. Probably. Okay. Isn't okay. When it comes to drinking and driving. If you see a warning sign stop in Cali cab, a car or a.
"geoff colvin" Discussed on KCBS All News
"I'm Geoff Colvin of fortune magazine with inside business. Maybe you've heard of the European Union's. GDP are the general data protection regulation? It's a set of new privacy laws that went into effect last may the California consumer Privacy Act is the first US law modeled on the GDP are and it's much more stringent it will significantly limit. How companies handle store and use consumer data and will require that they let consumers delete and download collected data and give them the right to forbid the sale of their information companies that have no physical presence in California. Shouldn't assume they're not subject to the law simply selling something to someone in California could be enough to trigger the law if certain other criteria. Are met companies will have to create complex tools that will identify the data. They collect organize it and give consumers easy to use technology to delete it new research from the security and compliance firm. Trust arc finds that of companies now complying with the European rules. Only one fifth say they're ready to comply with the California law, and it's only the beginning Hawaii, Massachusetts and Washington are all considering their own state laws while Brazil passed its own regulations that will take effect next year inside business. I'm Geoff Colvin. For CBS news time for your weekend. Outdoors report with Tom Stine straw in San Francisco, a trout planet lake mur- said north this week made it to stocks in three weeks in Marin peppy lake is full of water that apartment efficient wildlife has added the trial that DFW has dot Bontempi for four straight weeks. And that's the first in the East Bay hills. Low speaker owes has been stocked. Three times in the past four weeks. Those for Caros is ninety three percent full and has the best clarity of bay area. Lakes three lakes and plenty of fish barn. Tempe is located near Fairfax out of the sky oaks ranger station. It's a small lake trout. Plant Thursday at Bon Tempe can mean good fishing for the weekend. Barn Tempe is a destination for shoreline dunkers bond. Tempi also has great easy walks with pretty lake views at Barnes Tempe crossed the damn you'll reach a junction turn left for the shady side trail that runs along the far shore of Bontempi lake turn right to connect to the Cantrell that runs along the far shore of nearby alpine lake Bon Tempe lake mur-, said north and Los precarious, they're full of water fish and with good hikes, and you can go right now. I'm Tom stinks. KCBS? Frank munich. Tell us about those roads what we have a problem in San Jose, northbound.
"geoff colvin" Discussed on KCBS All News
"Here's why they just might. And why that would be a big deal. I'm Geoff Colvin of fortune magazine with inside business millennials are the behind schedule generation they're getting married later than previous generations living at home longer. They would have created millions more households by now if they done so at the same rate as previous generations, they own or rent millions more houses and apartments shadow real estate that never got built housing accounts for nearly one fifth of national income and a big chunk of that is residential construction. So revival in house in apartment construction would boost the economy now, a new report from the L E K consulting, firm and Wells Fargo securities argues that millennials will make a late charge by purchasing. Lots of new homes over the next few years, sparking a surge in residential construction. That's been long predict. But never seems to happen. It's far from sure thing, but extraordinarily low levels of new construction, and the likelihood that millennials will at least partially mirror their parents desire to raise their families in a ranch or colonial of their own point to big increases in residential construction. If not necessarily a return to the glory days, it all depends on whether millennials will have the tools money and desire to trend strongly traditional for much more business. News and insight. Stop by fortune dot com inside business. I'm Geoff Colvin. For CBS news. F? Why I I'm Jim Chenevey CBS news. When was the last time you picked up a camera. I mean, a real camera digital or film device that sole purpose is to take pictures. And it's no secret that today. Smartphones have relegated true cameras to the back of the closet and the technology keeps getting better Nokia unveiled a new phone at the mobile world. Congress in Barcelona that incorporates not one or two cameras but five to color cameras worked together with three monochrome sensors to bring it up to ten times more light and bump up the total resolution to two hundred forty megapixel compare that to the top of the line iphones, twelve megapixel the peer review phone users..
"geoff colvin" Discussed on Newsradio 950 WWJ
"Here's why I'm Geoff Colvin of fortune magazine with inside business when Brian moynahan became Bank of America's chief in twenty ten he was widely dismissed as a colorless attorney who lacked the operating expertise to rescue the struggling colossi. Sus. But he has defied the skeptics recently reporting a big jump in profits, even without including the boost from the two thousand seventeen federal tax cut. His strategy has been a return to the kind of low risk grow with your customers. Banking that prevailed in the nineteen fifties. Banks should take the money the depositors, hand them and blended to credit card holders. Companies investors homeowners and consumers simple. But over the past two decades. Many banks had squandered the prophets made in good times by taking big risks, especially in speculative, trading and underwriting, exotic securities moynahan thought he could skip all that and still make a respectable profit turned out. He was right despite a tough environment of record low interest rates that squeezed the spreads between the costs of deposits and the revenue from loans. He also figured he could return all the profits to shareholders and let the Bank grow with the economy. He isn't yet paying out one hundred percent of profits. But he has certainly repudiated. The doubters who thought he wasn't up to the job inside business. I'm Geoff Colvin. For CBS new w w j news time eleven fifty five as we check business on this late Sunday from the suburban Cadillac of Troy business.
"geoff colvin" Discussed on KCBS All News
"News time, three twenty five. Wall Street's most unlikely star right now is the CEO of Bank of America. Here's why I'm Geoff Colvin of fortune magazine with inside business when Brian moynahan became Bank of America's chief in twenty ten he was widely dismissed as a colorless attorney who lacked the operating expertise to rescue the struggling colossus, but he has defied the skeptics recently reporting a big jump in profits, even without including the boost from the two thousand seventeen federal tax cut. His strategy has been a return to the kind of low risk grow with your customers. Banking that prevailed in the nineteen fifties. Banks should take the money the depositors, hand them and blended to credit card holders. Companies investors homeowners and consumers simple. But over the past two decades. Many banks had squandered the profits made in good times by taking big risks, especially in speculative, trading and underwriting, exotic securities moynahan thought he could. Skip all that and still make a respectable profit turned out. He was right despite a tough environment of record low interest rates that squeezed the spreads between the cost of deposits and the revenue from loans. He also figured he could return all the profits to shareholders and let the Bank grow with the economy. He isn't get paying out one hundred percent of profits. But he has certainly repudiated. The doubters who thought he wasn't up to the job inside business. I'm Geoff Colvin for CBS new. F? Why I'm Jim Chenevey. CBS news. Drones have been taking off in popularity in recent years from the US military to backyard hobbyists, these remote controlled aircraft have found their way into thousands of different applications, but this may be one of the most useful yet a team of British engineers has developed a drone system that hunts down and repairs potholes part of a five year project that began in two thousand sixteen at the university of Leeds school of mechanical engineering. He's Thomas drones scan roads looking for damage surfaces, and then spray three the printed asphalt to repair the problems. What's more? They can operate at night. When streets are empty to avoid traffic team hopes to make leads the first city in the world where the roads are fully maintain a Thomas Louis and the grand vision is to expand this technology to.
"geoff colvin" Discussed on WCBS Newsradio 880
"That's a head in five minutes. Now nine twenty five. If Bloomberg money news on WCBS sponsored by the Newark airport shuttle is China buying up America not anymore. I'm Geoff Colvin of fortune magazine with the fortune business update. Many Americans have been alarmed as Chinese companies have bought famous US businesses like GE appliances in the Waldorf Astoria Hotel in New York. But the buying binge came to a sudden halt last year says the rhodium group consulting firm Chinese buyers spent just four point eight billion dollars on US properties last year. And if. Few subtract their divestitures. The actual number was negative eight billion for comparison. Chinese companies spent twenty nine billion dollars on US businesses in two thousand seventeen and forty six billion the year before that what's going on two things. The Chinese government wants big companies to sell assets and pay back debt. Not borrow more to make big acquisitions and the trade war between the US and China makes Chinese acquirers wary of operating here a possible Chinese takeover of US business should be low on anyone's worry list at least for now. I'm Geoff Colvin. Said. Kids. Ricki? Eight seven seven kids donate. Games. Also.
"geoff colvin" Discussed on KCBS All News
"This is a Bloomberg market minute. Stock futures are slipping to kick off the first full week of trading in two thousand nineteen U S China trade talks set to restart you there. They're separate news today of easing monetary policy in China Wall Street last week ended on a high note following news of better than estimated US jobs data and soothing comments from fed chair. Jay Powell on the approach to monetary policy. Today brings a report on the wide ranging services part of the US economy for the institute for supply management. But the November factory orders data that was due today is postponed because of the government shutdown other reports delayed because of the shuttle this week include data on international trade. This week's Labor Department reports will be released as scheduled because the agency is not part of the government shutdown. The department issues November job openings tomorrow weekly jobless claims on Thursday and December consumer price data on Friday as in p futures down four points. Nymex crude is rising almost back to. Forty nine dollars a barrel. Gina Cervetti, Bloomberg radio. KCBS news time to twenty-six don't expect a breakthrough in resolving trade. Tensions between the US and China anytime soon. I'm Geoff Colvin of fortune magazine with the fortune business update when President Trump and Chinese president Xi Jinping met in Argentina in November. They agreed to resume trade negotiations in hopes of reaching a major agreement by March first they've been negotiating by phone and a US delegation is scheduled to travel to Beijing next week for trade talks with Chinese officials, but neither US Trade Representative Robert lighthizer, nor Treasury Secretary Steven Mnuchin will attend the talks and the ninety day period is almost half over both sides want major changes China wants the US to reduce a rescind tariffs on many Chinese products and the US wants China to reduce trade barriers and stop alleged theft of intellectual property. The trade war has been bad news for US companies and for US stock prices a significant reduction in hostilities by March isn't looking likely I'm Geoff Colvin on Steven Greenberg. Talking about your next job the new year brings some important new changes to labor laws that employers and their workers need to know. And while our leaders in Washington may have created a wall of silence on labor issues. Many states have passed their own laws requiring sex harassment training, for example, all employers in New York state must develop a sex harassment prevention policy and conduct a training session by early October of this year, beginning March eighteenth employers in New York City with at least four workers must provide lactation rooms for new moms among other accommodations on January. First New York City's minimum wage rose. Fifteen dollars an hour for businesses with at least eleven employees and for all fast food workers, regardless of the employers is in Connecticut employers can no longer ask job applicants about their.
"geoff colvin" Discussed on Effectively Wild: A FanGraphs Baseball Podcast
"Orders very of the ringer joined by Geoff Colvin graphs, though. So we have sort of a week here, or at least a theme two out of three episodes this week at some point on an episode. I don't know a couple of months ago. I mentioned that it might be a good year end idea to circle back and take a look at some of the stories that we missed from the season. Just come up with something some player or fun fact or game some storyline that we overlooked that maybe everyone overlooked the season, which is not easy to do because we have done a lot of episodes and a lot of podcasting this year. So it's tough to find things that we never touched on because we had desperate. Sometimes we'll talk about anything. So we're gonna try to attempt to do that today and also unaware next episode, and I've gone to the Facebook group and crowd sourced sim stories from people that we never talked about this year. And I've got at least one for each team. So that's what we're gonna do. Never tried this before. But we'll see how it goes. He knew what you could have done if you weren't stupid. It was you could turn this into thirty episodes. I thought you were gonna say take the week off because. Back in. The week off. Just old archive episodes. I think a lot of podcasts do doing this. A lot of baseball take the entire offseason. He's. Here. We are the week of Christmas. Do it are you let besides that the twit the and people expect that over to disappoint them. So yeah, we're gonna do this. I don't know it might be a little shorter than the typical episodes that we don't really have any better because nothing has happened. Because again, it's the week of Christmas. So here we go. We're just gonna start with the American League. I guess everyone always starts with American League for some recent site. I feel bad about doing that. But we still got a couple NFL teams we need to come up with stories for. So we're gonna start with the American League. And I've just sorted the teams alphabet cly, so that's how we are doing this. So starting with the angels team that was probably in our what top five talked about teams, at least if you count their players this year, certainly are most talked about non playoff team, I would say between trout and Tani and other stories. So the one thing that our listener j Keith recommended that we talk about because we never. Did was Mike socia- calling. A Ken Rosenthal report about him stepping down at the end of the season. Poppycock poppycock is what he called it. And then of course, he step down at the end of the season and Ken Rosenthal. Who you know? I don't really think of as someone to take a victory lap or other people down. But when that news came out, Ken Rosenthal, quote tweeted, Bill shakings tweet about social announcing. He would not return to the angels and just said poppycock in all caps. Well, played Ken. So what do you think was social when he said that this report came out from Ken Rosenthal in early August. And he said poppycock, and he said, it's not true. He has no idea where it originated. Nothing has changed since we talked in October. There's always chatter out there. That's it. The only word I have is poppycock. The only word he had for. This was pop. Peacock there. Many other words, but what do you think why did he deny the report at the time? It feels so in the same way we almost put on this. Listen, I decided 'cause we talked about how at the start of the.
Washington pressures allied countries to drop Huawei
"More financial aid. If they avoid Chinese-made telecom equipment, the big fear revolves around new five G high-speed mobile technology, which introduces a new security vulnerability the concern over while. We started long before the recent trade tensions with China. And in any case of the US doesn't have a major company in the telecom equipment industry Australia band, while way equipment from its high-speed national network in two thousand thirteen congress ban US telecom. Comes from buying while way. Equipment in twenty twelve and regulators this year banned the US government and its contractors from using the equipment. I'm Geoff Colvin. You wanted to see me? Yes. Please have a seat. So here's the thing when this company brought you on we took a chance on you.
"geoff colvin" Discussed on KCBS All News
"AM seven forty KCBS KCBS news time ten twenty years. Or Newswatch continues Ford issuing a recall on more than two hundred cars and SUV's through the years two thousand ten and twenty twelve correspondent Jeff Gilbert has more on this. The problem is significant, but the numbers are small two hundred fifteen select Ford, fusion and mechanically identical Lincoln, m keys from twenty ten through twelve particular vehicles have a potential leak in their airbag assembly meeting. The bag may not work when it's needed most. So far Ford has no reports of any injuries as Jeff Gilbert reporting from Detroit, the Balkans are once again at a delicate moment in history as the Serbs and Kosovo Albanians consider a landscape KCBS Jason Brooks, host of the podcast the crisis next door talks about the potential falling dominoes with Heather Conley senior vice president for Europe Eurasia and the Arctic and director of the Europe program at the center for strategic and international. Studies. This could be precedent-setting in the Balkans. Do you think that this would have a direct effect on Bosnia? Which also has a served minority ad and there have been issues there. If for for two decades since that war ended and you just hit the nail on the head. This is really the concern. Even if you could sorta surgically or hermetically seal, what would occur between Serbia, and Kosovo and exchanging territory. This is our concern that this just opens up. So if if it's okay and in Costa vote to do this. Why would it not be perfectly fine in Bosnia where we have a an ethnic Serb population focused in Republika, Scott. This could start then creating momentum where ethnic Albanian communities in Macedonia are elsewhere could start thinking about creating new land swaps that would create an ethnic Albania or a greater Albanian. Dimension and the western Balkans. And so again, eroding twenty years of trying to have these communities think less about their ethnicity and more about their prosperity and security as a nation working together this rolls, everything back the US EU in NATO have invested heavily in protecting and rebuilding Kosovo and heaven firm in the past against partition in the Balkans. Why are they sitting back while this potentially happens? So that's that's sort of my mystery. I think it's in part this has been stuck for quite a while. And they I think European and US policy makers don't have sort of anything else and. Another idea to sort of unstick this process. So maybe this is the thing that will work again. I think it speaks to our own lack of a policy imagination. We don't have any other ideas right now to put forward to try to get both of these countries moving in the right direction. Moscow has blond been a major player in the Balkans. As an ally of the Serbs what's its role in this latest chapter? Yeah. You cannot say that Russia is playing a helpful role. Here. It says certainly strengthening its traditional relationships in the region strengthening its relationship with with Serbia, particularly both militarily and economically Russian influence tends to go where there are existing societal divisions. And of course in the western Balkans. There's so many to choose from. And if you would like to listen to the rest of the interview with Jason subscribe. To the crisis next door on the all new radio dot com app onto the MoneyWatch. Now KCBS here's expert advice on answering an extremely common job interview question that most people bungle. I'm Geoff Colvin of fortune magazine with the fortune business update. Of course that question is what is your greatest weakness. Do you have a good answer? Don't even think about the agent ploy of turning a weakness into a strength like I work too hard or I'm perfectionist. They've heard it way too often. Instead say employment experts really thinking advance about a weakness describe it, honestly. And then say what you're doing to improve it or describe your work on a successful project. Then explain what you would do differently next time and interviewers looking for more than just what your greatest weakness is here. She is also trying to gauge how self aware you are. So the next time you're asked that famous question showed that you've actually thought about it and put your week. Kness in the best light. I'm Geoff Colvin. Tension.
"geoff colvin" Discussed on KCBS All News
"The Bank is introduced the Detroit model in Chicago and Washington DC over the past twelve months now the company's expanding its model to as many as thirty metro areas with a five year five hundred million dollar campaign. The funds will be split roughly fifty fifty between philanthropic giving and long-term lending the program. Lies heavily on collaboration with local governments and on partnerships with local nonprofits based on its experience in Detroit. Chase estimates that it's five hundred million dollars could lure in another billion dollars. In capital from other banks and big foundations coalitions of government business, and nonprofit leaders will compete for investments by submitting proposals for rejuvenating local economic growth. The Bank will announce winners next spring cases clear that these projects aren't just philanthropy Bank executives also see them as long term investments because economically healthy cities, foster plenty of stable customers for banks. Ceo, Jamie Dimon says of the program it is in our best interest. And the right thing to do inside business. I'm Geoff Colvin for CBS news f why I'm Jim Chenevey CBS news. What is that lurking at the back of the refrigerator we gold yogurt or is it an older than that? And what about that bowl of potato salad is that dinner or a trip to the hospital? Wouldn't it be nice to know when food has spoiled, even if it doesn't smell or look bad? Researchers at the university of Texas may have the answer..
Uber heads in new direction with Toyota on self-driving cars
"Is expanding and alliance with Uber through a new investment and a plan to get self driving cars on the road Toyota will invest about five hundred million dollars and will manufacture Sienna vehicles equipped with Uber's self driving technology another company not yet identified publicly we'll operate the fleet. The company has previously bought Volvos and retrofitted the cards with its self driving technology and now operates the fleet on its own dime. Lower the company that makes Mercedes Benz vehicles will own and operate its own self driving cars on Uber's network. Now this latest deal in which Uber licenses its technology is another way in which it's becoming a force in autonomous driving earlier this year, a group of investors. Valued Uber at sixty two billion dollars. Toyota's investment now values it at seventy two billion.
What Could Tesla Be Worth?
"The skeptics have the stronger case. I'm Geoff Colvin. Fortune magazine with the fortune business update Tesla's market values about fifty three billion dollars. A well regarded money manager Ron baron believes the company could be worth seven hundred billion dollars in a decade. Analysts said J P Morgan say, it's value will fall by forty percent in the next three months and analysis by fortunes, Sean Tully shows what tesla would have to do in order to justify today's valuation, even assuming a swing from today's losses too, big profits. The company would have to capture thirty percent of the luxury car market by twenty twenty four it currently has just twelve percent and three giants BMW Mercedes Benz and Audi hold almost eighty percent, tesla CEO. Elon Musk wants his investors to believe in miracles. The
Spending on Video Games Increases 40% in the First Half of 2018
"It's either an exciting business development or a sign of the demise of civilization spending on video games is way. Way up I'm Geoff Colvin of fortune magazine within. Side business this year is shaping up to be phenomenal for the. Video game Industry total consumer spending on games in the US was up forty percent in. This, year's first half to nineteen point, five billion dollars this is not a young industry far from it, so a, forty percent increase, is astounding most. Of that surge, came from spending on game software which total seventeen billion dollars mobile games grew the most but, spending on video game hardware hit a seven-year high in the year's first half and hardware spending generally rises much, higher in the second half during the holiday season the spending surge is. Only likely to increase with the release of, red, dead redemption, to set to, release October twenty six from, rockstar games creators of grand, theft auto anticipation. Of the new game is running exceptionally high on players and other retailers are scheduling the release of their big titles so. They're not caught in the retail blast zone of. Red dead among the games creating the biggest financial impact this year Are of course fortnight plus activision perennial hit candy crush Ubisoft far cry five the. Best selling console game of the year so far and Sony's God of
"geoff colvin" Discussed on KCBS All News
"Here's a wildly ambitious. Technology idea that's attracting major investment from some of the tech industry's most successful players I'm Geoff Colvin of fortune magazine with inside, business the project is called. Definitively and it wants to reinvent a, business that has become huge, and, lucrative, it's the business of the cloud in which companies store much of. Their data and the software they use to run their business not in their own computers but. In computers owned by other companies notably Amazon's web services unit Microsoft, IBM and others definitively proposes to replace this system with the so-called. World computer companies would no longer need to trust and pay big firms to. Provide storage and software instead definitive world computer. Aspires to use computers owned by others worldwide to create millions of nodes that together would serve as a public Low cost computing resource definitive says it system. Would use open source software owned and governed by communities of users and developers rather than companies if it all sounds hopelessly weird, an idealistic well some major. Investors disagree and recent Horowitz a famous, Silicon Valley venture capital firm, is, among those that recently invested one hundred two million dollars in definitively which. Had just raised sixty one million in March for its money Andriessen Horowitz got crypto currency tokens instead of shares in the project it may be weird an idealistic, but possibly not hopeless inside business I'm Geoff Colvin.
Humans—Not Technology—Are the Leading Cause of Self-Driving Car Accidents in California
"A careful look at accidents, involving self driving cars. Shows that the greatest danger on the road is still humans I'm Geoff Colvin of fortune magazine with. Inside business in a study of vehicle incident reports in California axios filed that humans were at, fault in the, vast majority of accidents that. Occurred on the roads the, study spans the years twenty fourteen through twenty eighteen and found that. When the self-driving cars were in autonomous mode and driving on their own thirty. Eight, incidents occurred. While moving in thirty seven of those thirty eight. Cases, humans caused the accidents axios also found there were twenty four accidents when the vehicles were in autonomous mode and were stopped none of them were caused by the self driving technology when the cars were in conventional mode allowing human intervention the self driving technology caused Just six of the nineteen accidents when the cars were moving the conventional view in the technology and auto industries is that self driving cars are inevitable and. Will be central to the future of transportation while also being hugely safer than human driven vehicles yet, some drivers and non-drivers get anxious over the idea of a car driving itself and not giving a. Human easy control the study suggests humans are still the biggest problem sometimes in unexpected ways in three accident reports humans were found to have attacked or climbed on top of the self driving
Video Game Sales See A Huge Increase During First Half Of 2018
"Either an exciting business development or a sign of the demise of civilization spending on. Video games is way way up I'm Geoff Colvin. Of fortune magazine within side business this year is shaping up to be. Phenomenal for the video game industry total consumer spending on games in the US was up forty percent in this year's first half. To nineteen point five billion dollars this is not. A young industry far from it so. A forty percent increase is astounding most of that surge, came from spending on game. Software which total seventeen billion, dollars mobile games grew the most but spending on video game hardware hit a seven-year high in the year's first half and hardware spending generally rises much higher in the. Second half during the holiday season the spending surge is only likely to increase with the release of red dead redemption to set to release. October twenty six from rockstar games Creators of grand theft. Auto anticipation of the new game is. Running exceptionally high among players and other retailers are scheduling, the release of their big. Titles so they're not caught, in the retail blast zone of red dead among the games creating the biggest financial impact this year are of course fortnight plus activision perennial hit candy crush Ubisoft far. Cry five the best selling console game of the year so far and Sony's God of
Elon Musk’s plan to own investors betting against Tesla is backfiring
"When Elon Musk I said he, wanted. To take tesla private some people. Thought he was. Kidding apparently he wasn't I'm Geoff Colvin of fortune magazine with inside business tests led the electric car company that must founded and runs is. A publicly traded corporation anyone can buy stock in tesla and anyone, can sell stock short a maneuver in which. The investors make money if the stock falls tesla is the most. Shorted stock in America and of course those shortsellers have strong incentives to spread damaging information about the company. Which drives musk nuts the stock, has been rising anyway which means the shortsellers stand to lose a ton of money if it doesn't Fall if must take the company private buying in all the stock at today's. High priced the, shortsellers would lose big so was musk, just. Trying to scare them when he. Tweeted his desire. To go private it seems not he's working with Goldman, Sachs plus a big private equity firm and two major law firms on a possible. Transaction and he says some of the funding could come from Saudi, Arabia's sovereign wealth fund which proposed taking tesla. Private two years ago whether going private would be good for the. Business is unclear, but it would sure be bad news for
Women more likely to survive heart attacks when treated by female doctors
"Researchers reviewed more than a half a million heart. Attack cases over a nineteen year period they found female patients had a higher chance of survival when treated by a female doctor in the ER according to a. Study from Washington University in St. Louis one reason may be because heart attack symptoms can vary between the sexes and male doctors may not pick up on a female symptoms just goes to show you that we still have a lot of time, and effort and education to, get out not only to. Our patients but. To the doctors themselves that's doctor Joan. Crawford a cardiologist at McComb Oakland hospital the American Heart Association really put a big push through their go red for women program to try to help educate not only the patients that the physicians that heart. Disease is the number one killer Of. Women one in three women die of. Heart disease and that women's symptoms are very very different heart attack symptoms in women include women have pain twenty five to thirty percent of the time most of the time there's a strange amount of Fatigue. Ability and shortness of breath I think those are the two things that I hear the most someone, finds it, going up the stairs is now a major effort or. They just actually wanna take naps during the day or they're just so tired. They just always feel like. They wanna lay down and this is something that maybe a year ago you know they were mowing the grass and doing all. Their errands and now all of, a sudden they just, feel like they can't do anything they're exhausted all. The time then the other symptoms include that pain sort of between the belly button and the. Lower ribcage that's called the EPA gastric area so. Many people come in thinking they're having gallbladder attacks and it actually ends up being a heart attack heart disease is the number one killer in. Men and
"geoff colvin" Discussed on 10 10 WINS
"Geoff Colvin. Jared Bloomberg CVS how and the New. York Times are among the companies that will release quarterly results today wins news time Trump, twenty one from the ram truck traffic center here's Jeff Jensen north of town, it's to eighty seven in Westchester, westbound right around the area of. The hutch the left lanes blocked for the crashes another one in Rockland county southbound New York state through a just south of exit fifteen a and seven, that's blocking a lane to and then there's roadwork and Connecticut both ways on the Merritt Parkway just north, of the state line and then you've got the work going on, southbound doing through where did you get. Into the Bronx south of the hutch, and delays, on the. East side it's construction on the FDR drive from the, seventies to the sixties, double check in the west side, highway delayed ninety six to see if that is indeed roadwork or crash. Either way yourself about twenty blocks there he's what we, see on long island's make three no troubles. All the way has some westbound construction everybody the expressway but not. A foreclosure the northern and southern look good and here's what you need to know about the bridges and, tunnels still Just a, half an hour inbound upper level of the GW we that's all because of, construction leaves only the left lane, open so lower level better going. On no trouble a little slow into the apartments Lincoln Holland are okay but there's work both on both of those bridges excuse me off of those tunnels, as you come out of both those tunnels areas construction of will slow you down Lincoln four ninety five, covered roadway construction so you forced to go to the uncovered railway, I'm Jeff Jensen next report twelve thirty. One on Santan wins news time twelve, twenty three, severe weather. Hit much of the region earlier three people in queens, were struck by lightning, two of them were on a. Soccer field at Flushing Meadows part one of them is in critical condition It was seven twenty five, in the evening and about, ten men all Ecuadorian immigrants. Were playing soccer in Flushing Meadows corona park they. Do it every Tuesday and Wednesday and angel Garcia says in spite. Of the heavy rain they kept playing Dan Kennedy lightings I saw the France. On the floor were they? Screaming? Or crying nothing a thirty year old man was injured with critical burns and a forty two year old man was injured but much less seriously a half. Hour after that a thirty three year old man was struck by lightning at Bazeley boulevard and one hundred. Fifty fifth street he was taken to Jamaica hospital and his injuries are. Not considered life-threatening, Carol d'auria ten ten wins in queens in Bergen county are trying to determine if the drowning death of at least one team at ram appel lake. Was weather related another team reportedly is. Still missing LIW our service temporarily suspended on several lines after a lightning strike sparked a fire near a substation in authority, in, Suffolk County suspect lightning-sparked house fires in several towns at the height. Of the storm Long Island in New Jersey each reported upward of ten thousand power, outages, and we're in for a repeat later today Cuba there's Carl babinski Well Paul via the key ingredients are going to line. Up for not only will this, warm and sticky. Era remain in place and our temperature will be, close to ninety on his Wednesday afternoon but there will be another catalyst a. Cool, front it'll begin pushing in from the north and, west so that will just enhance the showers and storms that'll be, flaring up yet again probably between the hours of four and ten pm much of. The tri-state area impacted just like yesterday in most cases so be. Prepared for. Damaging winds and torrential. Rain that could lead to flooding problems all this activity should quiet down later on this Wednesday night fall all right Carl babinski live accurate they're updates. Around the clock here on ten ten wins a member of a cleaning crew discovered. A fetus in the bathroom of a plane at, LaGuardia the, fetus was discovered on an American Airlines plane at LaGuardia Airport according. To sources it was on a flight that arrived from Charlotte North. Carolina Monday night cleaners made the discovery in, one of the planes bathrooms the medical examiner. Is investigating a state From American Airlines said quote as we continue to. Learn more about this tragic and, sensitive situation we're. Working actively with law enforcement on the investigation correspondent, Steve Kastenbaum seventy six degrees fair skies in midtown humidity ninety one percent wins. West, at three gusting to twenty miles an hour wins, news time twelve twenty five the Rams summer clearance.
The Apple iPhone: Successes and Challenges for the Mobile Industry
"W j, news time seven fifty three are older iphones good enough for most people for apple much depends on how millions of customers answer that question this year I'm Geoff Colvin of fortune magazine with inside, business a new report from the GBH insights research firm. Says there are, three hundred fifty million iphones that, could. Reasonably be replaced in the next twelve, to eighteen months that fact would seem to represent a major opportunity for apple but. The company faces a huge Challenge. In, the coming months getting enough customers to want. To switch many analysts believe apple will release three new iphones this year one would be a direct successor to last year's iphone ten another would feature. A larger screen and the third would have a still larger screen all the phones are expected. To look like the iphone ten for the past couple of years analysts have been expecting massive numbers of older. Iphones to be replaced in what some call an iphone super cycle but it hasn't been happening Apple's iphone performance in recent quarters. Has been tepid and. It seems plausible to suspect that for millions. Of customers and I phone six or seven is still good. Enough good for owners not so good for apple, for this year to be a true. Success apple will need.
Mega Millions winners identified as California office pool
"Have gotten when, I. Was a kid. You could hardly carry one of. Those big old board I got some hanging in the shop here early sixties classics they will they weighed. Fifty pounds more more. And now they're like feathers Jeff's. Coli lookalike, Bobby knocks, was trying, to catch some waves here at. Steamers. Lane was glad to hear about the state having an official California surfing day I think it's. Wonderful it's attracting people to the sport. It's God you know I mean what's not to like about it really. The problem would be is if there's not a swell. On that day Tasty waves in Santa Cruz by Colgan. KCBS California's state fair in Sacramento had far fewer arrests this year than, it has in recent years KCBS is making goals who reports they. Also had, fewer people, going through the turnstiles was a lovely peaceful fair the contrast to some of the past says Sabrina Washington media director for the state fair like. Last year for example when admission gates had to close early on opening night and a brawl got sixty. People ejected what are police department has really stepped up. Is trying to make sure that we have, a really clear. And concise. Code of conduct that we hold. Every fair goer every, guest. Is expected to. Adhere to there were only twelve. Arrests during the fares roughly two week run last month as compared to an average of sixty six per. Fair from two thousand. Nine to twenty seventeen ninety six. Percent of, people saying, they felt, safe at the California state fair. Which. Is a really positive number for us to see as well of course It was also the lowest attendance, the fair has seen in twenty years but. Washington says one thing in particular could be to blame for that the Sacramento weather he does. Play a role and I do know for a fact that the tu-tuesdays of our fair were triple, digit days. And Tuesdays our kids free days so kids twelve, and under get in free making them. Usually some of. The most, popular days but she says she's hoping word gets out before next year that there are air. Conditioned buildings and spray misters around the fair to make sure visitors don't overeat Megan gold speak KCBS while the California lottery says last month's winners have more than half. A billion dollar mega millions jackpot are. Members of an office pool eleven people went, in together and became multimillionaires together they declined to say where they work they did say they're going to keep their jobs the lottery. Winners declined to speak to the media they would not be photographed the, winning ticket was purchased at Ernie's liquors on south white road in. San Jose KCBS news time four twenty five it's. Well known that. Amazon founder Jeff Bezos says, the world's richest person but it isn't well known that his parents may also be billionaires I'm Geoff Colvin, of fortune magazine with. Inside business the explanation is simple in nineteen, ninety-five Jackie and Mike bazo so invested about two. Hundred forty six thousand dollars in their son's fledgling ecommerce website the young entrepreneur cautioned, his parents that this was a very risky investment and he didn't want them. To be, angry if it turned out badly they, went ahead anyway and what may be the most successful venture capital investment of all time was the result. If they had held onto their stock it would. Apparently be worth almost thirty billion dollars. Today the parents holdings haven't been publicly disclosed since, the end, of nineteen ninety nine so it's unclear. How much they still own. But they're continuing donations of Amazon stock to their charitable foundation suggests they still control A healthy chunk of. The company if they, haven't sold or, donated, any other. Shares then they would be Amazon's second-largest individual owners after their son and, their total return on that initial investment would be about twelve million. Percent of course any financial advisor would have told. Them long ago to diversify their holdings, but based on publicly. Available information even if they had sold all their shares at the lowest possible prices. They still would have cleared about one hundred million dollars inside business I'm Geoff Colvin for CBS news apple at a trillion why it matters I'm, Brian Cooley from seeing that in search of the next big thing apple just became the first publicly traded US. Company to be worth a trillion dollars, Wall Street has its own reasons to care but what. Does it mean to the rest of us I the most recent annual earnings. That put apple at this milestone or heavily, powered by growth in services as opposed to just selling iphones services were long weeks Spot but now Apple Pay I cloud apple music and others are working, for them Secondly apple sold fewer iphones than expected but the average price of each one was higher than expected thanks to the very expensive. Iphone ten, and Thirdly that trend of making more money selling fewer phones is going, to be important for apple as, they have now slid down to the world's number three smartphone maker by, volume with Weiwei moving into number two by a solid margin and. Samsung number one and wa way has barely entered the US market yet..
China Seeks Economic Boost as Trade Spat Grows
"And now onto money. Watch, the, flood, of, corporate, earnings reports will continue today Amazon McDonald's Bristol Myers Squibb and Beazer. Homes are among the companies scheduled to. Open their books Kristina Hooper of Invesco tells, Bloomberg radio investors are paying less attention to. Trade, issues certainly Trump trade in the minds of investors However I would argue that that, may be a mistake because trade to. Have a very very significant impact on the overall economy Hooper. Is worried the current trade tensions could escalate the World Trade Organization opens a general council meeting today. To discuss the trade conflict between the US and China the. Commerce Department will report on June orders for durable goods before the markets opened this morning reports on wholesale inventories and housing. Vacancies will be out right after the start of trading we also get the weekly, updates on new unemployment claims consumer Comfort mortgage interest rates and natural gas supplies Jeff Bellinger Bloomberg radio China's economy. Is slowing down even, before the effects of trade tensions kick in that could. Be, bad, news, even, in, the US I'm Geoff Colvin a fortune magazine with the fortune business. Update China is the world's second largest. Economy after the US and it grows much, faster than our economy with the result that. China, alone generates as much as one third of the world's economic growth the government has, been trying to slow down growth in. A controlled way but now some analysts say the escalating trade. War with the US could slow the growth much more than planned new tariffs could disrupt the global. Supply chains of many American companies and the effects of slower. Chinese growth would reverberate more broadly around the world affecting companies everywhere including in the US business is far more global than. Ever and no company is immune to what's happening on the Other side of the world I'm Geoff Colvin and, now page from the diary of Flo dear diary there's something about protecting people's homes through progressive that inspires me 'cause I just had an. Idea for a book well it was originally an idea for a movie. Based on a play inspired by.
Fiat Chrysler loses another executive after Marchionne illness
"Cancer in one breast between twenty ten. And twenty twelve we found that as many as thirty percent of patients did not have what is considering. Guidelines to be appropriate all up care with. Regular mammography answers Frantz many of those patients receive costly full body scans something not typically recommended for those in, this particular group ideally we would reserve imaging of the whole body Or part of the whole body for those. Patients who had signs that they had metastatic disease or the disease spread so why the variation in care Francaise. One explanation might be location we think that doctors in local regions develop a culture that specific, to that region the research is published in the journal. Of, the national comprehensive cancer network Jeff bell KCBS This is a Bloomberg market minute shares. A Fiat Chrysler are moving lower in premarket trading fifty four year. Old Briton Mike Manley has been picked to replace CEO Sergio Mark Yoni who sudden health deterioration forced him to give up. The post after fourteen years Manley has been head of, the Jeep brand since two thousand nine the linchpin and accompanies plan to double, profit in the next five years Mark Yona had been set to retire in April of. Next year stock futures are slipping this morning as investors assessed, warnings from the world's financial leaders about the impact of protectionism on growth investors are also analyzing president Donald Trump's spat with Iran while auto makers fall after. Fiat suddenly replaced Mark Yona as CEO this week we're watching for. Several economic reports in the US and it's a big week for earnings we start. Today with data on existing home sales in June and we get earnings, today from has Bro Halliburton and alphabet. Gina Cervetti Bloomberg radio KCBS news time three twenty five when countries. Start waging trade war the effects are often surprising, here's the latest on US versus China I'm Geoff Colvin of fortune magazine with the fortune. Business update the US and China have each impose tariffs on about thirty four billion dollars of the others imports intended to hurt the other. Countries businesses but it isn't always so simple for example China's tariffs. On US made cars are indeed bad news for Ford and tesla but they're also bad news for Mercedes Benz and BMW. Because they make vehicles in the US and export them, to China a Chinese company called him four texts makes clothing for US customers, and isn't subject to any of the new US tariffs yet it's planning to move production. Out of China because it's worried about possible future tariffs shipping, companies that aren't American or Chinese are Sending giant. Ships, to be scrapped, what's next the only, safe prediction. Is more surprises to come I'm,.
Trump's Trade War With China Pierces the Auto Industry
"Wbz news time one twenty five when countries start waging trade war the effects are often surprising here's the latest on us versus china i'm geoff colvin of fortune magazine with the fortune business update the us and china have each impose tariffs on about thirty four billion dollars of the others imports intended to hurt the other countries businesses but it isn't always so simple for example china's tariffs on us made cars are indeed bad news for ford and tesla but there are also bad news for mercedes benz and bmw because they make vehicles in the us and export them to china a chinese company called him four tech's makes clothing for us customers and isn't subject to any of the new us tariffs yet it's planning to move production out of china because it's worried about possible future tariffs shipping companies that aren't american or chinese are sending giant ships to be scrapped what's next the only safe prediction is more surprises to come i'm geoff colvin wbz news time one twenty six southern illinois university is parting ways with its president wb m's keith johnson reports the separation is described as voluntary randy don leaves after weeks of conflict between the schools campuses in carbondale and edwardsville abuser the controversy began when emails came to light that show done supported a failed path to shift money from carbondale to edwardsville done will leave effective tuesday before his official termination on july thirtieth.
New cannabis drug could help more patients treat seizures if approved by FDA
"Time for the kcbs moneywatch a new medication may well become the first drug derived from marijuana plant to be approved in the us i'm geoff colvin of fortune magazine with the fortune business update the food and drug administration recently issued a highly encouraging report on the drug developed by a company called gw pharmaceuticals the medication would treat seizures associated with two rare forms of epilepsy that typically affect children the drug is made from a compound in the marijuana plant that is different from thc which gives marijuana it's euphoric effect the fda has previously approved a few drugs with synthetic compounds that mimic marijuana components but this would be the first one made from marijuana plants approval would probably mean that the drugs cost would be covered by insurance and would signify new acceptance of cannabinoid as medical therapy the makers investigating other possible uses the fda slated to issue a decision by june twentyseventh i'm geoff colvin are we born with honor or do we earn in america's navy honors raised with the flag at zero eight hundred it's found swimming five and a half miles through pacific swells.
"geoff colvin" Discussed on KCBS All News
"Raise another round of funds i'm geoff colvin with zillow you're not just looking for a house you're looking for the pool that will turn your kids fingers into prunes the living room where your dad will explain the nuances of football to you yet again the kitchen where you'll alphabetize your spice collection and discover forgotten furry what is that in the back of the fridge you're not just looking for a house you're looking for a place for your life to happen and whether buying or renting zillow makes it easy with smart search features photos and more zillow find your way home style light lounge presents an evening progressive box oh what a great art let stem the lights for this next time too much there it is got to get things just right like progressives name your price tool tell us what you want to pay and we help you find coverage options to fit your budget and now the right wait the lights are back on again can you and now it's completely dark aggressive casualty insurance company and affiliates pricing coverage match limited by state law hey hey it's flow word i've never understood top hat aren't all hats on top the top is part of every outfit unless i've been doing it wrong that's why i stick with simple words like float it means the sense of security you'll feel when your new home is protected by home insurance through me and progressive also there shouldn't be a top hat unless there's a bottom hat wait is that what save an average of seventeen percents on car insurance when you bundle home and auto through progressive progressive casualty insurance company affiliates and other insurance discount not available in all states or situations.
Time Warner, ATT antitrust trial underway
"The case professor abnormal behavior who wrote the book on murder being afraid coal from bestselling author james patterson raiders and criminals often make the same mistake they get caught up in the thrill of the action it's aggravating to smart you are tell me about it alan coming whoever did this is deliberate google and pass the new drama instinct premiering tonight only cbs trust trials don't happen very often here's what to watch as the government challenges att's plan to buy time warner i'm geoff colvin of fortune magazine with inside business at and t and time warner agreed to a deal eighteen months ago but the justice department sued to block it and now the trial is finally underway legal scholars say it's a landmark case at and t insists the two companies don't compete directly which should exempt them from antitrust claims the justice department says the combination of the phone giant and the entertainment conglomerate would create a company so large it could hurt its competitors among the questions at issue is whether consumers would be forced to pay more for programming the government insists the combined company could charge cable providers more for it's networks which would include hbo cnn tnt tbs and others costing consumers an extra four hundred sixty three million dollars a year at and t says it expects cost to go down and even if the justice department is right that extra cost works out to just forty five cents per month per user another question is how at and t would use the massive strove of customer data it would possess the trial may even get into whether president trump influenced the justice department since he famously hates cnn owned by time warner trying this case we'll take weeks don't expect a verdict before late april inside business i'm geoff colvin for cbs news now a bloomberg business report from the suburban cadillac buick business desk general motors wants to do with cars where they are being has done for real estate this summer gm will start a pilot program bebel allow car owners to rent out their vehicles when they aren't using them bloomberg's detroit bureau chief david welsh gm has a platform right now called maven that they already used to.
"geoff colvin" Discussed on KCBS All News
"Technology stocks has been loading up on apple i'm geoff colvin of fortune magazine with the fortune business update buffet recently disclosed that last year his company berkshire hathaway bought more apple stock than any other stock that's a surprise in two ways one buffet long disdained technology companies because he said he didn't understand them and to apple was hitting new all time highs last year and buffet is famously disciplined investor who refuses to pay too much but he regards apple not so much as a technology company as a maker of consumer products to which customers are extraordinarily loyal he says customers are quote very very very locked in at least psychologically to apple products by the way he's not one of those customers he told cnbc that he still uses a flip phone and we'll probably never owned an iphone because he says he's out of touch i'm geoff colvin are we ready to open next month i think learn how cintas can help you get ready for the workday visit cintas dot com oughta traffic and weather twelve twenty eight would you see victor well.
"geoff colvin" Discussed on Apple Byte: Extra Crunchy
"The pre come from california so i'm geoff colvin in regard to the ifor nate pricing i mean does a lot of tall can people lobbying saying that it's gonna cost probably ford and something along the 1200 grange i mean that i mean i just quickly wanted to kind of get my taught sent howard discussion on that it just sounds crazy and oakley adjust i mean he he even par rapport to prise it almost the price of a makbul slash macbook pro without touch far i mean that's just plain crazy tank by just a lake raised area seriously that's playing at real uh would you think i have been seeing a lot reports that it's going to be over thousand dollars and you know some people are panicking i think people are panicking because they realised they haven't been pain like eight hundred nine hundred dollars for the phone already i i think i think that's why people are the people that are panicking give you total up whatever the cost of your phone if you broken down into like monthly plans or or what not you're still paying a lot of money i mean leah the entry level phones start around like six hundred fifty bucks and when you bump it up with capacity and then bigger screens you're getting closer to a thousand bucks i like i said the largescreen a iphone seven plus with max with 128 gigs storage is over or just close to our little over thousand dollars aftertax so people are already there.