38 Burst results for "Home Depot"
Food Addiction, the Problem and the Solution
Food Addiction Is a DISEASE: Erin K Shares Her Advice For Those Afflicted By It
"Out into the world. I see, you know, obesity can be a symptom of food addiction. Doesn't have to be. You can be a thin person who's a food addict, a binger restrictor, just, you know, have food behaviors. But there's a lot of obesity as you go out into the world and look around. I mean, serious morbid obesity. If there's someone listening to this podcast, you know, and he or she is carrying 100 pounds, 150 pounds of extra weight and diets have not worked, what would you say to that person that might, you know, get them to look at what we're doing in recovery? Yeah, one thing I like to say about the effects of this disease, the way it looks, the way it looks, you know, like, I'd say I try not to take it personally, but I take it very seriously. You know, this is a disease. It's a disease. We didn't want nobody chose to be addicted. And so when I but my it's like the disease thrives in a sense of shame and the burden and the self -doubt and the self -hate that comes with, you know, it's not fair. It's not right that our society has this all these highly palatable, refined foods everywhere. Like Home Depot, you know what I mean? Like there's food everywhere. And if you if you can't resist, it's such a burden to you, right? You can't get away from it. And then once the food's everywhere and then the shame for being obese is everywhere, it's you know, it's not it's not healthy for our bodies to be obese, but it's not our fault. And there is a solution. It's you know, it's not our fault. It's not you know, I take it. I don't take it personally, but I take it very seriously. It's a serious condition that needs to be treated with multifaceted approach. And there is help and there is hope. There's help and hope. Yeah, there is a solution in the self -loathing does come from being obese and not feeling like you can control it and feeling judged. And there's a lot of beauty in the neutrality around food and going to a summer festival like I just did. And there's a lot of food or corn dogs and everything else. And it's no longer my food, you know? Yeah, it's a gift. It's a beautiful gift. It's a beautiful way of life. And there's, you know, the more the merrier. There's just enough. There's so much peace and real freedom to go around. And the more like, again, it just it expands as we embrace it together.
Bloomberg Businessweek
Fresh "Home Depot" from Bloomberg Businessweek
"Three in red territory this hour. General Motors down one and a half percent. Ford down less than three quarters of a percent. And Stellantis down less than one quarter of a percent. And that's a Bloomberg Business Flash. I'm Steve Rappaport on Bloomberg Radio. All right, Steve, thank you so Sorry, much. we're having a little chat here behind the scenes. I want to get back to our guest at this hour. Delighted to still have with us Brad Jacobs, founder and executive chair at XPO. I mentioned co -founder of United Rentals, former chair of United Waste. I was doing some reading, I think we both were, and he's been described as a numbers guy, a serial entrepreneur, and he has a new book coming out, How to Make a Few Billion Dollars. Still with us in our Interactive Brokers studio. Great discussion, love having you weigh in on kind of these micro data points or moves in the market and how you see it on a bigger perspective. If you had to describe the business environment right now in a word or a handful of words, how would you do it, Brad? Mixed. Mixed and uncertain. Mixed and uncertain. Glass half full, glass half empty, or right at the mid -life? Glass half. Well, okay, so walk us through, work it out, labor market, costs, like what is it? Labor market tight. Still. Absolutely. Well, it's not as tight as it was during COVID, and no comparison. You can actually find workers, but wages are up and trending towards up, but you can find people, for instance, in the XPL business, we can find drivers. During COVID, we couldn't find drivers, just our base core people, but a lot of people checked out and didn't come back. It's got to be concerning for, I would think, a lot of CEOs right now, looking at all this heightened strike activity. How would you describe right now the labor unrest around the country right now? Is that something that worries at you all? Well, as a company executive or as a citizen of the country? Give it to us both, but more the company executive. As a company executive, no, it doesn't bother me at all because we were the target of Teamsters campaign national for seven years, and it didn't work, and they left, and they went on to Amazon, a which much, is much bigger fish than XPO, so I suppose they're not coming back to us. But even if they do, we worked so hard at creating an environment in the workplace where people are happy to come to work, and people feel valued and respected that that doesn't bother me. How do you give them that, though? I mean, there's so much demand right now for, I would think a lot of workers your probably need to be in person for the work that they do, and so much of what people want is remote, and is it more in giving them different hours and schedule flexibility? What can you give to them? Well, if you're a driver or you're a dock worker, you can't work from home. You need to come in. And that's the majority of our workers there. So what you have to give them is respecting them and really show respect by paying them properly, by listening to their needs, by communicating with them, letting them know what's going on in the whole company and how they fit in, letting them have pride in the work by Mario Haric, who's replaced me as CEO, has done an amazing job. He's a done really, really fantastic focus on making sure we don't damage freight, make sure we deliver freight on time, which are very important things in our business. And those statistics in our company, those metrics, have gone off the charts the in right direction. You know, we have a great function on the Bloomberg and it's like the supply chain. It talks about your customers and who are your clients, basically, and who you buy from. But your customers include everybody from Amazon, Apple, Lowe's, Walmart, Home Depot, so many more companies. And you have a global perspective. Where is, though, the strongest parts of the global economy, in your view? And how does geopolitics potentially continue to kind of impact that and change that? Geopolitics is very important. China, I think about it. The two biggest things are obviously Vladimir Putin and Xi Jinping, who could single -handedly, literally single -handedly, either of them throw a pretty big monkey wrench into the whole world economy. Those are not insignificant possibilities. Those are not 1 % possibilities. So we have to pay attention to that. But we can't be obsessed by that. We can't just be held down and just enamored by just those features. So we just keep trucking along. But, cute, very nice. But Brett, in terms of the pushback against the globalization of the economy, and we talk about that being pushed back. Do you see that, guys, first -hand? Yeah. So every, she mentioned before - And increasingly so. No question about that. She mentioned before some of the customers you have. So I'm privileged to have Windows into GXO, RXO, XPO, have where we a whole cross -section of customers around the whole world. And so you get to see a lot of information what's going on. And you also get to interact with a lot of customers, a lot of boards of customers, a lot of C -suite. There's not a single board in America has who and has had business in China who's not thinking, I need to diversify away from China. It's just the risk is too high. So everyone universally is doing that. What about the risks in our own political system? Does that crop up? Does that bother you? Does that worry you about what happened this week with the Speaker of the House? Well, that's the two -party system and that's been going on for a couple hundred years. Do you consider it functional? It's worked for 200 I years. mean, so as a global traveler, I certainly would not want to be in any of the countries that have one -party systems. That's the worst. I mean, there's a very repressive, horrible cultures and this is a country where despite everyone fighting with each other and calling each other's names and certain levels of dysfunction, we, unlike China, don't have a million people in prison camps because of their religion. We, unlike in Russia, we don't have journalists like you, if you criticize the president, you go to jail for eight years. I mean, it's still a great country, a fantastic country. When we're looking at some of the trends in the U .S. economy right now, I mean, we've been talking about for so long the shift of preferences from goods to services and I would think from your perspective that's probably the last thing you want to hear. You want to hear more So, more goods is better than more services. But for the economy as a whole, that's a normal cycle. Sometimes it's more goods and it's more services. We're not in the best part of the cycle to be in transportation, but there are specific things that each one of those three companies are doing that are independent of the macro to improve the businesses. When it comes to transportation, what are technology the biggest trends that you think are going to change it? We talk a lot about AI, we talk obviously about self driving. What is it that you think is the most interesting trends that are going to shape it for the next, I don't know, 50 years? Well, on the GXO side, the warehouse business, we have 200 and some odd million feet square of warehouse, about 1 ,000 warehouses. It's the automation of warehouses. Continuation of it, right? Yeah. AI powered robots. I mean, it's very, very sophisticated, futuristic. You can go into a warehouse that's huge and there's no people there. Well, there's maybe 10 people. Whereas 10 years ago there would have been hundreds of people there. So that's a very, very big trend. On the RXO side, which is a tech forward brokerage platform, there, when I first hired Mario Haric, who stayed behind at XPO as CEO, but then Drew Wilkerson became the CEO of RXO. When I first hired Drew, we had a vision of automating that brokerage business It was 100 % human. Today it's 96 % touched electronically.
Divine Naples Podcast
A highlight from 435 Someone is stealing pens in our office. Matt does not use envelopes and Rich used to use them behind curtain to bring them to government workers. Bear with no teeth is under bed staining carpet green and red like a Christmas. Matt is expanding his family and he puts them in Naples ZOO for good reason. One of them is a grandmother. Episode #435 September 5th. 2023
"Another divine and that is Tuesday September 5th and episode 435 from ThisMikeRich and from ThisMikeRich on episode 435, it's Matt. Oh, that's my pen. You take my pen again. Yeah, you always cry baby about it. Why are you taking my pen? Well, because you have a red one and I have this blue one and sometimes they're close to next to each other and I grab yours by accident and you get all crazy. I always wanted to... You pull it out of my hand real quick and snatch it and then you throw my pen onto my side of this desk here. That's what you do. Yes. Like a little baby having a temper tantrum. Yeah, I have to be... What are you? Six? Five? Three years old? No, because then I find it in your pocket. Well... That's exactly right. So, you know... Well, let me just give you a question here since we started so nicely. Okay. Because I want to know how focused you are today. All right. I'm not really focused, but I'll try. Okay. So focus now. You ready? On both of us. What starts word with E, ends with E, and has only one letter in it? You got me. Envelope. Really? Yeah. Oh, that's nice. I haven't used an envelope for I don't know how long. Do they even still make those? Yeah. With emails today and all the different forms of communication? Yeah. Last time I seen envelope that was addressed to me, it was with a paycheck. It was 1997. Really? That's it? That was the last paycheck with an envelope. You've never gotten a subpoena? You've never had a ticket? No. You've got the court date one? You go online and pay online. They save money. What about divorce court? You ever had one of those? No. No. You ever get a bill? How about a bank statement? I get the bills and I throw them in the bag and somebody else deals. Yeah, that's right. You're an accountant. For me, I do everything electronically now, so I don't really see very many envelopes except for those people that send all kinds of ... You know how you change your address and I'll quit. You change your address and all of a sudden you get all the new introductory, welcome to the neighborhood mail. I love that thing. You came to the post office before. They had this envelope and you filled up the address where you live and you took all the discounts out of the envelope. I used to go and collect them, those envelopes. I threw the paper in the garbage where you fill up the address, but I took all the discounts for the loans and Home Depot. Then they came. The day D came. No more envelopes. How much longer do you think the existence of an envelope will be? As long as until - I mean, everything's electronic. No, I think it's going to be forever. Okay. Yeah, it's going to be like your books. Like nostalgia? Yeah. Yeah. I'll save some. Okay. I still have envelopes. They've been flooded, so they're kind of already enclosed. Oh, that's right. They're already enclosed. You don't know what's inside. No, there you go. They said to open them. I have a whole box of 500 envelopes. We can slowly open one by one, find nothing. I'll let you have at it. That'd be nice to open an envelope, find nothing. No bill. No bill. No love letter, and then breaks your heart, you know? Nothing. So, since you failed on that question, I have another one for you. Okay. What do you call a bear with no teeth? That's going to be very soon your situation, because you've done such a lovely - I have no idea. Can you tell me? You're like a fluffy bear already. I have no idea. You act like I'm the Riddler on Batman.
Bloomberg Markets
Fresh update on "home depot" discussed on Bloomberg Markets
"C -suite conversation of the day is we're talking decking, you know, like the deck on the of back your house. And here's a data point from Bloomberg Intelligence. Drew Redding, he's the analyst that covers tricks. Half, I guess there's 60 million decks in the United States and maybe half of them need to be replaced. Mine is not one of them, I'm going to say right now. But we have the CEO of Trex right here with us today. So we to want get right to it. What do we got here? Brian Fairbanks, he's the CEO of Trex. Now this is New York exchange listed company. Trex is the ticker. This is a $6 .4 billion market cat company. The good news is stocks up 40 % year to date. It is off about 20 % off of its high high of just a couple of months ago, but a lot of the markets pulled back. But Brian, thanks so much for joining us here in our Bloomberg Interactive Broker video. Dex, I got to think that's a good business. I got to think during the pandemic, people built a lot of decks. Talk to us about the state of your business right here. Yeah, thanks for having us back on again. Absolutely. Through the pandemic, there was definitely a surge of people interested in outdoor living and wanting to expand their ability to spend time outdoors with their family. Even leading into the pandemic, we had seen that there was a significant opportunity to be able to really appeal to those families, looking to add on a low cost way to add on space to their homes. Within the repair and remodel index, approximately 30 % of it is associated with outdoor living, and so we're in the top spot of that. And what's unique about the decks you make is you don't use wood. What do you use? Right, so we're very unique in that 95 % of the material that goes into our deck is boards recycled and reclaimed. Last year alone, we recovered 600 million pounds of material that otherwise would have potentially gone into landfills. So this is in the form of polyethylene plastic bags, stretch wrap, and wood dust. We combine those with a number of additives to make a deck board that will last basically for your lifetime. Our warranty runs anywhere from 25 years our in entry level products up to 50 years on our premium products. One of the issues that I'm sure you're feeling like a lot of businesses are is just is the consumer slowing down? Is inflation cutting into the consumer? So in your retail channel in particular, are you seeing any of that? Because we had Home Depots, we had Lowe's, they're seeing some softening trends in some of their big ticket discretionary items. you Are seeing that in your business? The consumer has remained remarkably strong in 2023. Coming into the year, we did expect to see more weakness from that consumer. We originally expected to see flattish down single digit type numbers for the year. We saw that in the first quarter and then through the second quarter. Second quarter we saw mid single digit increase. In our guidance for the third quarter, assumed roughly a low single digit type increase in the consumer. So we've been happy with the resilience of that consumer. The other thing that plays well for Trex is our consumer tends to be at the higher end income of the spectrum. We're focused on those households over $90 ,000 average type income. So not quite as heavily impacted by some of these short -term changes in the economy. So it's I'm fascinating, reading the research note from Drew Redding who covers your stock, your company for Bloomberg Intelligence. He's adding there The recyclable segment is only 24 % of total sales in the industry. So you guys arguably, where do you think that number can go eventually? Right, so composite decking of the overall industry is 24 -25 % of the volume sold. the One of strategies that we've been executing since 2019 is to really go after that buyer who otherwise would have been going to wood and take that instead of being at 25%, take that up to 25%. When we started on this strategy in 2019, it was about 19 % of the marketplace. So the strategy with those products to convert roughly 200 basis points a year has been quite effective and we expect will continue. So do you, does your company actually go to someone's home and build the deck or do you just sell to the people who actually build the deck? We sell to the people who are building the deck. We will sell to Depot Home and Lowe's. We have our product on the shelf at both of those DIY centers. We also sell to what we call the Pro Channel. So these are locations that would be selling directly to the contractor as well owners and contractors. So who do you compete with most directly? How does that work in your business? We have, it's a pretty concentrated industry. Our second competitor is about 25 % of the industry and then a competitor number three, they are roughly 12 to 15 %. So and concentrated industry everybody makes great products, is able to service the market and really provide a much more superior experience for that consumer versus installing wood which you'll have to maintain every year and then as you started out with the piece in a number of years it'll have to be completely replaced again. Alright, so what's a typical, I don't know, what's a typical deck cost, you know, I mean like what's a typical homer spend on a deck? We talk about a wood conversion type deck, that decks generally 300 to 350 square feet and probably going to be in the 12 to $15 $15 ,000 range. The material cost is not the biggest part of it. Wood you'll spend about $1 ,000 for just the decking part of the wood. Whereas our entry -level treks decks going up against woods roughly $1 1700 dollars. The biggest cost is going to be building that structure out in the labor that comes along with it. As I mentioned our customer tends towards the higher end of the income spectrum. Those that are buying our treks transcend, transcend lineage and signature products tend to be building much larger decks and those average five to six hundred square feet and can range $30 ,000 up to we've got contractors building complete outdoor living rooms that include couches and TVs and kitchens three four hundred thousand dollar outdoor living areas. All right so what I'm just looking at your income statement here you've got gross margins Kind of in the you know high 30s 40 % kind of range. What are the levers really on the cost side for you guys? We've got a number of levers that we're pursuing we have been pursuing and will continue to pursue. is First our capacity utilization. Every hundred million dollars of additional sales that goes into our existing capacity is worth about 100 to 150 basis points of margin. We also have a strong
Divine Naples Podcast
A highlight from 435 Someone is stealing pens in our office. Matt does not use envelopes and Rich used to use them behind curtain to bring them to government workers. Bear with no teeth is under bed staining carpet green and red like a Christmas. Matt is expanding his family and he puts them in Naples ZOO for good reason. One of them is a grandmother. Episode #435 September 5th. 2023
"Another divine and that is Tuesday September 5th and episode 435 from ThisMikeRich and from ThisMikeRich on episode 435, it's Matt. Oh, that's my pen. You take my pen again. Yeah, you always cry baby about it. Why are you taking my pen? Well, because you have a red one and I have this blue one and sometimes they're close to next to each other and I grab yours by accident and you get all crazy. I always wanted to... You pull it out of my hand real quick and snatch it and then you throw my pen onto my side of this desk here. That's what you do. Yes. Like a little baby having a temper tantrum. Yeah, I have to be... What are you? Six? Five? Three years old? No, because then I find it in your pocket. Well... That's exactly right. So, you know... Well, let me just give you a question here since we started so nicely. Okay. Because I want to know how focused you are today. All right. I'm not really focused, but I'll try. Okay. So focus now. You ready? On both of us. What starts word with E, ends with E, and has only one letter in it? You got me. Envelope. Really? Yeah. Oh, that's nice. I haven't used an envelope for I don't know how long. Do they even still make those? Yeah. With emails today and all the different forms of communication? Yeah. Last time I seen envelope that was addressed to me, it was with a paycheck. It was 1997. Really? That's it? That was the last paycheck with an envelope. You've never gotten a subpoena? You've never had a ticket? No. You've got the court date one? You go online and pay online. They save money. What about divorce court? You ever had one of those? No. No. You ever get a bill? How about a bank statement? I get the bills and I throw them in the bag and somebody else deals. Yeah, that's right. You're an accountant. For me, I do everything electronically now, so I don't really see very many envelopes except for those people that send all kinds of ... You know how you change your address and I'll quit. You change your address and all of a sudden you get all the new introductory, welcome to the neighborhood mail. I love that thing. You came to the post office before. They had this envelope and you filled up the address where you live and you took all the discounts out of the envelope. I used to go and collect them, those envelopes. I threw the paper in the garbage where you fill up the address, but I took all the discounts for the loans and Home Depot. Then they came. The day D came. No more envelopes. How much longer do you think the existence of an envelope will be? As long as until - I mean, everything's electronic. No, I think it's going to be forever. Okay. Yeah, it's going to be like your books. Like nostalgia? Yeah. Yeah. I'll save some. Okay. I still have envelopes. They've been flooded, so they're kind of already enclosed. Oh, that's right. They're already enclosed. You don't know what's inside. No, there you go. They said to open them. I have a whole box of 500 envelopes. We can slowly open one by one, find nothing. I'll let you have at it. That'd be nice to open an envelope, find nothing. No bill. No bill. No love letter, and then breaks your heart, you know? Nothing. So, since you failed on that question, I have another one for you. Okay. What do you call a bear with no teeth? That's going to be very soon your situation, because you've done such a lovely - I have no idea. Can you tell me? You're like a fluffy bear already. I have no idea. You act like I'm the Riddler on Batman.
Rollye James
Fresh update on "home depot" discussed on Rollye James
"At the their friends Home Depot and because family the holidays so are coming to town and let the so Home are Depot your friends help get your your bathroom family guest and ready with the Tabana their vanity and the matte black oswell faucet from Glacier Bay for more storage and a new modern look refresh your space with up percent to off 40 select % online done bath the plus doctor get will free see delivery you on now all but online vanities do and faucets they really from the Home Depot do how they doers see you get as a more mother who's a daughter and a caregiver a health nut with a french fry habit an o -positive geologist named patty was here by today for seeing all a melanoma that is you exam
The Breakdown
A highlight from What's Going On with the SEC's Sealed Binance Filings?
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, August 30th, and today we are talking about everything that happened yesterday that wasn't the SEC in Grayscale. Before we dive into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, yesterday was obviously a huge day, one of the bigger ones we've had for a while, so much so that I had to scrap a planned show and record all about Grayscale defeating the SEC in their lawsuit. I don't have too many updates on that front today other than a return to this question of to what extent this means that a Bitcoin spot ETF is more likely to occur. There were many who cautioned yesterday that just because the SEC is now forced to reconsider Grayscale, it doesn't mean that they are being forced to approve a spot Bitcoin ETF. However, the ETF analysts at Bloomberg certainly think that this was a big deal. Eric Balcunas writes, So there you have it, clearly a pretty big deal, although again, nothing is guaranteed particularly with this SEC. Now still, as I said, quietly a ton of other things were happening in and around the jubilation around this news. Travis Cling summed up at least part of it, saying, So let's start with that. In the wee hours of Monday night, a curious filing was made to the court docket in the SEC's lawsuit against Binance. The SEC filed a sealed motion along with 35 exhibits and a proposed order. Now, documents can be filed under seal for a range of reasons. This allows information that is sensitive or confidential to be submitted to the court without disclosing the contents publicly. The motion and proposed orders are almost certainly a request to file under seal, so the big question is what the huge amount of exhibits related to. Once discovered, the secret filing set minds racing across crypto Twitter. John Reed Stark, a former chief of the SEC's Internet Enforcement Division and someone who has effectively remade his second career hating crypto publicly over the last year, explained that Filing any court document under seal is a rare move by the SEC. It's in the public interest to know and understand the SEC's use of US tax dollars and the US SEC wants its messages heard loud and clear to deter future securities violations. Stark offered two possible explanations. That the SEC were using information from a simultaneous DOJ investigation and wary of interfering with that process or that the SEC were concerned with putting another company or witness at risk. He did note, however, that the second explanation usually involves redacted filings rather than a complete seal. Stark said that the move was so unusual that during his 20 years at the agency, including frequent joint operations with the DOJ, he quote, can't recall ever seeking to file a motion or any other court document under seal. He explained that the big tell will be whether Binance objects to the documents being filed under seal. If they don't, then the documents clearly related to something Binance would rather not to be known to the public. If they do, then it's more likely the documents are being sealed to protect someone providing evidence against Binance. So pretty dramatic cloak and dagger stuff, right? Well, some other commentators had more mundane explanations. Lawyer Clayton wrote, The last filing was discovery dispute, so more of the same if I had to guess. Something along the lines of a motion to compel responses, production depots, and sealed because exhibits contain AEO materials. BAM says they've given us all docs related to X, but the email in Example F references other responsive docs that exist, etc. can be easy to rack up exhibits and discovery motions. Commercial litigator Joe Carlosare writes, In SEC versus Binance, Binance agreed to provide a written accounting by August 1, 2023, pursuant to the consent order that they agreed to with the goal of avoiding a TRO hearing when the case was filed. Binance failed to meet that deadline and sought an extension to August 7, 2023. An accounting was supposedly tender on this date, but the SEC claims it is not sufficient to ensure customer assets are secure. On August 14, 2023, Binance filed a motion for a protective order seeking, among other things, an order blocking the SEC from deposing CZ. This order concludes as follows, Although it has expressed its concerns otherwise, the SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way.
The Breakdown
A highlight from What's Going On with the SEC's Sealed Binance Filings?
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, August 30th, and today we are talking about everything that happened yesterday that wasn't the SEC in Grayscale. Before we dive into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, yesterday was obviously a huge day, one of the bigger ones we've had for a while, so much so that I had to scrap a planned show and record all about Grayscale defeating the SEC in their lawsuit. I don't have too many updates on that front today other than a return to this question of to what extent this means that a Bitcoin spot ETF is more likely to occur. There were many who cautioned yesterday that just because the SEC is now forced to reconsider Grayscale, it doesn't mean that they are being forced to approve a spot Bitcoin ETF. However, the ETF analysts at Bloomberg certainly think that this was a big deal. Eric Balcunas writes, So there you have it, clearly a pretty big deal, although again, nothing is guaranteed particularly with this SEC. Now still, as I said, quietly a ton of other things were happening in and around the jubilation around this news. Travis Cling summed up at least part of it, saying, So let's start with that. In the wee hours of Monday night, a curious filing was made to the court docket in the SEC's lawsuit against Binance. The SEC filed a sealed motion along with 35 exhibits and a proposed order. Now, documents can be filed under seal for a range of reasons. This allows information that is sensitive or confidential to be submitted to the court without disclosing the contents publicly. The motion and proposed orders are almost certainly a request to file under seal, so the big question is what the huge amount of exhibits related to. Once discovered, the secret filing set minds racing across crypto Twitter. John Reed Stark, a former chief of the SEC's Internet Enforcement Division and someone who has effectively remade his second career hating crypto publicly over the last year, explained that Filing any court document under seal is a rare move by the SEC. It's in the public interest to know and understand the SEC's use of US tax dollars and the US SEC wants its messages heard loud and clear to deter future securities violations. Stark offered two possible explanations. That the SEC were using information from a simultaneous DOJ investigation and wary of interfering with that process or that the SEC were concerned with putting another company or witness at risk. He did note, however, that the second explanation usually involves redacted filings rather than a complete seal. Stark said that the move was so unusual that during his 20 years at the agency, including frequent joint operations with the DOJ, he quote, can't recall ever seeking to file a motion or any other court document under seal. He explained that the big tell will be whether Binance objects to the documents being filed under seal. If they don't, then the documents clearly related to something Binance would rather not to be known to the public. If they do, then it's more likely the documents are being sealed to protect someone providing evidence against Binance. So pretty dramatic cloak and dagger stuff, right? Well, some other commentators had more mundane explanations. Lawyer Clayton wrote, The last filing was discovery dispute, so more of the same if I had to guess. Something along the lines of a motion to compel responses, production depots, and sealed because exhibits contain AEO materials. BAM says they've given us all docs related to X, but the email in Example F references other responsive docs that exist, etc. can be easy to rack up exhibits and discovery motions. Commercial litigator Joe Carlosare writes, In SEC versus Binance, Binance agreed to provide a written accounting by August 1, 2023, pursuant to the consent order that they agreed to with the goal of avoiding a TRO hearing when the case was filed. Binance failed to meet that deadline and sought an extension to August 7, 2023. An accounting was supposedly tender on this date, but the SEC claims it is not sufficient to ensure customer assets are secure. On August 14, 2023, Binance filed a motion for a protective order seeking, among other things, an order blocking the SEC from deposing CZ. This order concludes as follows, Although it has expressed its concerns otherwise, the SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way.
Thinking Crypto News & Interviews
A highlight from Brandon Mintz Interview - Bitcoin Depot ATM Company Goes Public! BlackRock Bitcoin Spot ETF & BTC 4 Year Cycle
"Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Brandon Mintz, who's the founder and CEO of Bitcoin Depot. Brandon, it's great to have you back on the show. Thanks for having me again, Tony. Yeah, Brandon, a lot's changed since we last spoke. A lot of exciting news on your end as Bitcoin Depot has officially gone public. Can you break that down for us? What was the process, the valuation, all the details there? Yeah, totally. In late summer of 2022, we announced that we would be entering a business combination agreement with a SPAC. And that was our process of going public versus traditional IPO. And SPACs have become a lot more popular since 2020, since the early COVID days. And essentially, there's some back and forth with the SEC. There's a capital raise from investors, which we completed. And then we were at a final point to close on June 30th of last month. And our first day of trading began on the NASDAQ on July 3rd. So not too long ago. Now, that's exciting. So what does this mean for the company? Obviously, I know most folks are familiar with going public and things like that and getting listed. What does it mean for Bitcoin Depot and your plans for growing in the rest of 2023? Well, being a public company is always great in terms of having better access to capital versus privately. It's also a great tool just to be able to give employees incentives by issuing stock grants in the company as well and attracting the best talents that we can possibly attract in the industry and from outside the industry. But most importantly, having that public currency as our stock to be used for potential partnerships and acquisitions can be very valuable as well. And you've probably heard me talk about opportunities in the industry to consolidate the Bitcoin ATM operators. So we think that it could be very valuable for that specific opportunity. And as far as your roadmap for the remainder of 2023, are there any new developments or plans that you can share as far as new services, new tech expansion to different locations and things like that? Yeah, since we started the public process, we've really been focused on organic growth primarily. A lot of big announcements and new product launches can really derail, I guess, in that process. So you'll notice that we have grown quite a bit organically since we announced this process. And Q1 of this year, we had really strong revenue growth and we had record EBITDA. And a lot of that is due to our retailer pipeline. So in 2023, we've already announced about seven new retail partnerships and a couple of the notable ones gave us access to a few hundred stores. So expanding our Bitcoin ATM fleet into large retailers and hopefully some more household names is very important to us and something we plan to continue doing moving forward. Also, last year, we announced our BD checkout products, which allows you to download our app and use our app, the Bitcoin Depot app, to go into one of the major retailers that we have on the platform, scan the QR code provided by the app and insert cash, load it to your accounts and then convert that to Bitcoin, ultimately. And so we have a few thousand locations on that product as well. And we want to continue to expand BD checkout into more and more retailers over time. But one notable thing as well that we did in early 2023, a lot of people may not be aware of this, is we converted all of our roughly 7000 Bitcoin ATMs to our own internal operating software called Bit Access, which generated the company over three million dollars of annualized savings. And now we're vertically integrated. We bought Bit Access around two years ago, and it really just gives us a lot of flexibility to continue to create and develop new products. But outside of all that, those organic opportunities, again, we're looking around for potential acquisition targets. There's nothing concrete in the works yet, but seeing what opportunities exist. Can you tell us a bit about the maybe some of the big name retailers that you're working with? The biggest notable one is Circle K. They have 15 ,000 roughly locations worldwide and around 10 ,000 in the US and Canada. But this year we announced a partnership with GetGo as well. They have a few hundred stores in the northeast and then Jackson's Food Stores has somewhere around over 250 plus stores as well. And are you only supporting Bitcoin right now, or are there maybe some altcoins available like Ethereum, or are there plans to add them? We're only supporting Bitcoin at the moment. There's just a higher risk level these days when supporting these other digital assets. Yeah, and I think I know a lot of folks are waiting for clarity in the industry. There are quite a few crypto bills being proposed by members of the Senate as well as Congress. And we'll see if we get something through this year. I know yesterday was the big news of Ripple winning the lawsuit against the SEC XRP getting that clarity. But the entire market itself doesn't have that clarity yet, but we'll have to wait and see. But speaking of Bitcoin, what are your thoughts on BlackRock filing for a Bitcoin spot ETF? And then that seemed to open the floodgates where every other institutional investor from Wall Street wants to get one as well. What are your thoughts on that? Well, I think it's a great opportunity for the industry and it's an amazing way to allow a lot of capital on the sidelines to come in. Yeah, I've seen the flurry of names filing for ETFs as well. It really just shows that this is a really serious asset class now where the largest institutions in the world want to enter it in a safe way for their investors. And ETFs are one of the safest ways to invest traditionally. And it allows people an opportunity to have access to investing in crypto without necessarily having to worry about holding it themselves in a non -custodial wallet where you got to keep your private keys and passwords secure or trusting a third party exchange with custody as well. And over the past year, we've obviously seen how that has played out with a lot of the exchanges filing for bankruptcy. And just BlackRock alone has tens of trillions of dollars of assets under management, according to some sources I've seen, they're the largest asset manager in the world. So I don't think there is a better announcement to start the summer of 2023 than that. Yeah, it's incredibly bullish and we seem to be entering a new level of Bitcoin adoption and these TradFi players here recognizing this asset, its potential. And to your point of the ETFs, it's going to allow so much capital to flow into the asset, especially like retirement accounts and so forth. Investment advisors can now offer it up to many of their clients. You know, I've spoken to some over the years and they're like, yeah, we can't touch this stuff yet. But an ETF, especially from the likes of BlackRock and Fidelity and so forth, would definitely help usher in a lot more adoption of the asset. Totally. And especially now that Bitcoin and cryptocurrency as an asset class is well over a decade old, now you're starting to see we're past that early adopter phase. A little bit. And you're starting to see also some of that older demographic feel comfortable to enter the space. But at the same time, you know, it's still difficult to decide where to go between an exchange or a non -custodial wallet. And I know plenty of wealthy people in that baby boomer demographic that still own no crypto. They have plenty of money to do so, but they just have not had a trusted advisor like BlackRock or some other similar firm tell them that here is the safe place to go. Yeah, for sure. So obviously on that news of BlackRock entering the market, Bitcoin and the rest of the crypto market has been rallying Bitcoin, I think currently over like 31K right now. You know, what are your thoughts in the halving is coming up next year? Do you see the four year cycles playing out again where maybe we see a new all time high in 2025? Personally, I'm still a big believer in the four year cycle and the upcoming halving sometime in the spring of 2024. And just the data from the past shows the time leading up to the beginning of that next halving has been pretty bullish. So I think with all of these announcements and, you know, just that whole SEC ripple lawsuit providing a little bit more clarity to people, it seems like. That combined with the upcoming halving could spur a lot of bulls coming into the space. Yeah, it's exciting times. We'll see what happens. You know, the macroeconomic picture is still not great, you know, with the Fed still tightening. Yes, they pause the rate hikes, but they may raise again. I don't think they're back to full QE yet, even though they're doing some backdoor type things with these bank bailouts or bail -ins. So it's to be seen. But yeah, I'm excited for the halving next year and to see what the next cycle brings. I know we kind of talked about it in our last interview, kind of the logistics of how folks can use Bitcoin Depot. But as a refresher, maybe you can give us a quick overview of, you know, let's say folks want to use Bitcoin Depot at one of the retail stores you mentioned. Right. Maybe it's one there's one in their town. What would be the steps to do that? Well, there are a few different options. One option that people probably are not aware of at all is on our website, you can actually use a debit card as well. So it's not only cash flow or businesses primarily cash based. That is one option. So you don't have to physically go anywhere. And that is also something we plan to integrate into our app at some point. But besides that, our core business always has been Bitcoin ATMs. So you can download the Bitcoin Depot wallet app or any wallet of your choice for our BTMs, which is what we call them. But it's also our ticker symbol on the NASDAQ. You can use any wallet. It's completely wallet agnostic. And once you've done that, you go up to one of our machines, you're going to type in your phone number, as well as some additional identifying information, because we do have KYC requirements in place. Then you're going to provide your wallet address by scanning your QR code from the wallet of your choice, insert cash and the Bitcoin will be sent to your wallet shortly. And also within our app, and you do have to use our app for this one, is the BD checkout product I mentioned a few minutes ago that launched last year, where you just place an order for the retail location of your choice. And we actually show all of our locations, whether it's BTMs or BD checkout locations within our app. After you choose the retailer you want to go to, you select the amount you would like to buy. And since we're using our wallet, the system already knows where the Bitcoin is going. It's going to BD, sorry, your Bitcoin depot wallet. And then you get a barcode to scan at the retailer, just like a barcode, like a prepaid card. And then you hand over cash to the cashier, the wallet gets loaded with cash and you convert that to Bitcoin. So all of these options, depending on how quick you are and how much cash you're inserting or handing over, it can take as little as a minute. That's awesome. And I know we talked about it in the last interview, but yeah, this is just a great on ramp for folks to get into the asset class because, you know, there are folks who look and not everybody's going to use Coinbase, not everybody's going to use these different options. And it's so great that there are different options for different folks and different demographics in different regions of the country and the world. So good stuff, man. Appreciate your time, Brandon. Congrats again on going public and, you know, we definitely want to have you back on as things progress on your end. Well, thanks so much, Tony, for having me. Always free whenever you want to catch up and we'll see what happens here in this next cycle.
On The Rekord
Episode 110 - May 28th, 2023 - Boston Making History??? - Burst 12
"This is boss winning game 7, but I'm like they won by one by luck. So I'm like game 7 to me is like, if you're a boss and figure not comfortable. I don't know they're not comfortable. And if you're Miami fan, you're like, you're disappointed, but you're like, okay, we can do it again. But you have the legs for it. You got the breath, you conditioning for it. You have the mental stamina to endure this again. Exactly. I don't know, man. I really don't believe they do man. I'm sure Jimmy Butler does, but this is body can handle it because you know, like I said, Jimmy can he can run against the wall every now and then and burn himself out. And now we don't know. That wall you're talking about, I was looking to see it maybe game three or four of Denver. The wall is going to be tomorrow. That's the wall bro. I think you're right. Walls game 7, man. Whatever energy he could have. You could have had along with rest. That shit be sale, bro that ship is sale. Unless it plays out of his mind, has the best career. Bam is, to me, them is a key. 'cause they're giving you shots. But you gotta make it. Yeah? Yeah, you do. Four or 5 and 6, you gotta come bring it, bro listen. If I'm slow, you gotta put Kevin Love it on that front line, man. It's not right. Grab these rebounds. He's not right. Well, you need someone. You need someone. That's not right. That's a problem. He used to start and then they took on the rotation. I think he's hurt too. It's a damn shame. That's a problem with Miami is that they're basically limping into this playoffs. Damn. Tyler hero, Victor LL depot, Kyle Lowry, Kevin Love. For your players that were giving you quality, you know, minutes, they're hurt. Listen, the window that Pat Riley's got along with the way the east is. You got to get another great player for Jimmy. Now, so what do you predict for game 7? Honestly, if I'm a betting man, I could predict a ten point difference in favor of Boston. Maybe I'd say probably ten 13 point difference to your Boston. Most of my plus 13, I could see I could see an 87 one O one type situation. I got three and a half push. I can see either team pushing. And winning narrowly. I don't see a blowout. I can't see a ten point lead for Boston. What's up, man? I'm just, I'm looking at a team who had them dead to rights, I think that's going to be psychologically spent as they are physically spent. But more psychologically. Like, you know, like, you know, at this point, everybody's, you know, physically spend and stuff like that, but your body adjusts. Psychologically speaking, I think then boys is done, bro, I really do. You know, I don't think so. This is, this is the very worst case scenario for Miami. I think this is something they can salivate. Because if you think about their AC, no, they shouldn't be here, but they should be, but you are. So it's like, okay, if punch way above their way, but I think they've reached their, I think they reach their maximum, man. I really do. I got a three and a half. I think they have a Vegas guy at three and a half. Could usually when there's three and a half, that means you figure the home team. So usually when it comes to sports bets, if you see a plus negative three negative 7 or negative ten, they favor the home team. But I think they got a three and a half. So it was three and a half that means that it's a push. Listen, I'm looking at momentum. I mean, I don't see my ultimate Boston. Games four and 5. Yes. Game 6 to me, I look as a fluke. I think it's the same bet, bro. It was the hand of a guy that got that child 'cause they had less time, like if everybody was 2.1 on the clock, they're outta here. They're not, it's over. But this is the same thing. We said last year in that game 7, between these two teams. You know, there was one shot away from being eliminated. Yeah. It was Jimmy Butler, that made that shot, right? I think he shot a three coming up. He took you, buddy, but then go in. Yeah, he took it. He rimmed out. Yeah, man. So who's to say, but I can say it's a man fortune favors the bold man. We will find out. Boston's been hella bold in a situation that they put themselves in that they are like on the verge of turning around. Here's to me, who's a player, if Miami really wants to help Jimmy Butler out?
AP News Radio
Walmart boosts outlook after a strong first quarter and rising online sales
"Walmart, the largest retailer in the U.S. reports strong sales in the first quarter. Walmart boosted its outlook, reporting that sales rose 7.6% to $152.3 billion in the first quarter ending April 30th, yielding a net income of 1.67 billion, adjusted earnings came to a dollar 47 per share, exceeding Wall Street expectations, CEO Doug mcmillon spoke on an investor relations call this morning. Sales growth was strong globally, including growth of 26% in ecommerce. Earnings reports from Home Depot and target this week point to profit declines, while recent government data revealed that Americans are barely keeping up with inflation. Walmart's financial performance hints at ways that consumers are weathering higher prices, like trading name brand groceries for store brands. And the drag grocery and consumables categories like paper goods, we continue to see high single digit to low double digit cost inflation. We all need those prices to come down. I'm Jennifer King.
AP News Radio
Retail sales up 0.4% in April from March, buoyed by solid job market, easing inflationary pressures
"Buoyed by a solid job market, retail sales picked up in April. The commerce department's latest report finds retail sales increased 0.4% in April from March, the first increase since January, led by a 1.2% bump at online retailers, as 0.6% increase at restaurants and bars, and an increase in demand for new cars and auto parts, with a strong employment market Americans are still spending, but there has been a broader pullback amid high inflation and rising interest rates. Report categories that were slightly down included gas station sales department stores, electronics and home furnishings. In addition, Home Depot posted disappointing first quarter results today, U.S. store sales were down 4.6% after years of explosive growth during the pandemic. Jennifer King, Washington
AP News Radio
Fire rages at Russian oil depot; Zelenskyy visits Finland
"While a fire rages at a Russian oil depot, Ukrainian president volodymyr zelensky visits Finland. The old depot erupted in flames in Russia's southern krasnodar region, located east of the Russian held Crimean Peninsula, a regional governor, hasn't said what caused the fire, but some Russian media outlets say it was likely caused by a Ukrainian drone attack overnight, but there was no official comment on that possibility. The development comes as zelensky makes an unannounced visit to the Finnish capital Helsinki for a one day summit with Nordic leaders, as he pushes Ukraine's Western Allies to provide Keith with more military support. I'm Charles De Ledesma.
AP News Radio
Russian official: Ukrainian drones hit Crimea oil depot
"A massive fire has apparently erupted at an oil depot in Crimea after being hit by two drones, a Russian appointed official in the port city of Sevastopol, posted images of the blaze on his telegram channel, the official said the drones were Ukrainian, and that the fire at the city's harbor will be extremely difficult to extinguish. He said for oil tanks burnt down from what he called enemy drones. Another Russian appointed official said a third drone was shot down from the sky over Crimea, and one more was deactivated through radio electronic means. I'm Karen Chammas
AP News Radio
Russia: Ukrainian drone caused blast far from border, 3 hurt
"Ukraine's government on Sunday, called for an emergency meeting of the United Nations Security Council to counter what it is called the Kremlin's nuclear blackmail after Russian president Vladimir Putin revealed plans to station tactical atomic weapons in Belarus. One Ukrainian official said that Russia has taken Belarus as a nuclear hostage, but Moscow said it was making the move in response to the west's increasing military support for Ukraine. Putin announced the plan in a television interview that aired on Saturday, saying it was triggered by a UK decision this past week to provide Ukraine with armor piercing rounds containing depleted uranium, Putin argued that by deploying its tactical nuclear weapons in Belarus, Russia was following the lead of the United States. He noted that Washington has nuclear weapons based in Belgium, Germany, Italy, the Netherlands and turkey. Russia has stored its weapons at dedicated depots on its own territory and moving part of the arsenal to a storage facility in Belarus would effectively up the ante in the Ukrainian conflict in response, Ukraine's foreign ministry condemned the move, stating that the world must be united against someone who endangers the future of human civilization. I'm Sarah Napa
ToddCast Podcast with Todd Starnes
US Strikes Iran-Backed Facilities in Syria After Drone Kills American
"Woke up this morning to find out that our military carried out several drone air strikes in Syria yesterday, reportedly killing 8 Iranians. Now, this was in retaliation for a drone strike that Iranian forces conducted earlier in the day on a coalition base that killed one American. Now it was a. UAV crashed into a unoccupied whatever vehicle, but they say it's a drone. All right. Because these drums are huge. Did you see that like when I think of drone? I don't know about you. I think a drone, I think of that little thing that all the kids have at my husband because he's a child, has and it flies up with a little three whirl or is on it and you put the batteries in and that's what I think of. These things are huge. They're big. The one that Russia took down of ours was something what was it 40 $1 million for the cost of that thing? So the Defense Department said that Iran's Islamic revolutionary guard corps crashed one of these drones into a building near in northeast Syria. At about one 30 local time and it left a U.S. contractor dead. And 5 U.S. service members and another U.S. contractor were wounded. It was at an arms depot and that left 6 Iranian backed fighters debt. Now there was a second bombing at a post that killed another two Iranian fighters. Now there's a group called the Syrian Observatory for Human Rights. It's a war monitoring group. Would you want that job? I thought about that as some reading this and I'm like, who wants that job? Yeah, you could be the war monitor. I don't think I'm gonna do that. They reported that there was another American strike on a military post near the border with Iraq, but that report has not been independently. Verified. Now,
ToddCast Podcast with Todd Starnes
The Residual Effects of Recent Bank Failures
"At least three banks, two of which have already shut down others, not doing well right now. And it's going to be a bit of a rocky road. My recommendation for you is look, don't panic here. There is no reason to panic. I would say that by and large, most of the people listening to this program do not have more than a quarter $1 million in the bank. So if you, if you have more than a quarter million, well, you might want to be a little concerned. But if you don't, you really don't have much to worry about right now. However, there are some residual effects that are impacting a lot of people. I know here in the Memphis area, there was a very popular local liquor store. They used direct deposit through one of the companies in the Silicon Valley bank and as a result, nobody got their paycheck on Friday. A lot of people using Etsy, you're not getting your money, and that's a big problem for a lot of small businesses right now across the country. So my question to you is whether or not we need to be bailing out banks like Silicon Valley bank. Because there are probably going to be a few more that go belly up before all this is said and done. And I appreciate what Bernie Marcus had to say, one of the cofounders of Home Depot, and he said, hey, look, the problem here with Silicon Valley bank is these folks went woke. When you look at all of the things this bank was doing and typically by and large, they were servicing the tech industry, they're in California. But man were they woke. They were invested heavily in climate change initiatives, LGBT stuff, the sex and gender crowd, it was insane over there. As a matter of fact, they actually had a personal stamp that was in charge of diversity, equity, and inclusion.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"That is created by too many people with too much money, chasing too few goods. So there are $7 trillion sloshing around out there. And you heard it, the Walmart people, they don't know what's going to happen because this is the most government spending get monetized since World War II and The Great Depression. So again, you've got very favorable demographics. You've got people pivoting from discretionary spending to necessity spending. And then you're going to have a ton of households get formed the next 5 years because the number of people getting married last year and this year is the most in ten years. Well, I have to say, Bill is a millennial who bought. I think 5 more houseplants at Home Depot for my new apartment here in Washington. I do understand some of what you're talking about. But again, it comes back to the issue that they're warning on profit. They have to pay more people. Which of these businesses has the greatest pricing power to continue to offset those higher costs because I know some millennials who are saying, I'm going to stop shopping. Well, Home Depot and Lowe's have a kind of a duopoly, right? So from a moat standpoint, Home Depot, other than Rickie Fowler, when you see orange, that's who you think of. So Walmart has Amazon to compete with. But Walmart and target found out a glorious thing when Amazon went into the grocery business. Having 1500 stores that are within 15 to 25 minutes of 75% of the United States population is a huge competitive advantage to Amazon. In other words, when you order something on Amazon, they got to spend 5 bucks driving it out to your house, whereas what he's talking about when he's talking about the customers taking full advantage. They're ordering a ton of stuff online at both Walmart and target. And then in 80% of the cases, the customer is going there and picking it up themselves and saving the logistics cost for target and Walmart. And that was Bill smead, founder chair and CIO of smead capital, with Bloomberg's Kaylee lines. And coming up a look at what's driving Mercedes Benz partnership
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"With a focus on the consumer this morning. We're getting earnings from a couple angles on the retail side. We've just gotten results from Home Depot, the home improvement giant is forecasting a decline in full year earnings per share on higher wages to its hourly workers and later this morning we are going to hear from the biggest brick and mortar retailer Walmart. Let's get more insights now. We're joined live by Bloomberg intelligence senior retail analyst, Jennifer barta. Jen good morning, we just heard from Home Depot that it expects to spend a $1 billion to increase hourly wages for sales staff really interesting to see these signs of a continued tight labor market spelled out in this report. It varies, it's very true. When we look at Home Depot and we're actually expecting labor to be a question for Walmart as well later today, it really speaks to the fact that a seasoned labor force is really imperative. And when you got a company that sells short in terms of same store sales this quarter, they're projecting EPS decline next quarter. It's really about what are the small mechanisms they're going to be trying to pull to keep profitability as strong as possible through what's going to be potentially a turbulent time. Now, what is the result tell you from Home Depot when it comes to the tightness we've seen in the housing market as well. We've had some thoughts that spending on home improvement was kind of decoupling from the home sales environment is like right now. Are we seeing that in these results? Yes, I think we definitely are, but the bigger concern, I think, for our view coming through Home Depot is really about where that professional spending is. We've kind of anticipated for a while that the consumer is pulling back their behaving a little bit differently. But one of the advantages Home Depot is always had is that professional spender, the contractors. And with same store sales falling short and a weaker estimate for what's going to happen next year, it just really reflects what's happening in that housing market and that tightness that we're experiencing. Obviously, Walmart is a company that you followed directly at Bloomberg intelligence. You mentioned the possibility that we could see more signs of the tight labor market there as well. Give us more of a sense of your expectations in terms of spending on the employee at Walmart. Well, Walmart has over the last several years, really invested in continuing to increase that wage with their paying. But if you look at them on a holistic view, it's still slightly lower than what some other players in the industry are at. And so we expect labor wage inflation to be one of the issues that Walmart has to deal with. And it's coming at a time when their margins are already under stress because consumer shifting is spending has shifted into lower margin areas like groceries. And so it's going to be a question of how much can they raise their labor weights or rates? How much can they cut costs to offset that increase in labor? And still preserve margin to the best of their ability. And obviously for Walmart, they're selling point is that they offer the lowest prices that they can. You wonder whether they can continue to offer those kinds of prices that consumers expect at Walmart when we have this kind of inflationary environment that we're seeing play out in the economy. It's very true. Walmart is a low price player. And one of the things that they tend to really be good at is pushing back on price increases where they can with their suppliers. And so we may see a heightened period of time where there's more intense negotiation with their suppliers happening just so that Walmart can try to hold prices and not raise them further or in fact try it some point to start bringing prices back down for the consumer. And what will be interesting is you have on the other side the suppliers like the type of food companies really talking about still needing to push through price increases to protect their own margins. So from our point of view this year is really going to be about margins and what each player is going to be able to execute on their strategy. And playing into that margin story as well, I'd imagine is the issue of excess inventory, something that a lot of retailers have been dealing with, including Walmart. Do you expect that they're going to show some signs of progress? Getting inventories out the door and not necessarily having to do those deep discounts. Well, that is the hope. Walmart had huge inventory issues at this time last year. And they did manage to work through the bulk of them. But when it came to the holiday period, which is the quarter that we're listening to for today, it's that they brought in extra inventory threaded in early because they just wanted to be sure they had things on hand. So it's really did they sell through as much as they expected. When we did our store channel checks throughout the holidays, the shelves were pretty full. There weren't a lot of gaps. And so that does make us wonder how strongly they actually filter, especially the general merchandise apparel electronics, things like that. So that is going to be one of the key questions today. Thanks for this, as always, Jen, great having you back on with us. Jennifer, senior retail analyst at Bloomberg intelligence as we await the Walmart earnings later this morning and we continue to watch Home Depot following that decline in the full year earnings forecast and comp sales that came in with a three tenth decline in the latest quarter analysts were predicting a three tenths
America First with Sebastian Gorka Podcast
There's a Chronology Issue With the #BidenFiles Scandal
"There's a chronology issue, the Penn State think tank, Biden's whatever. Wasn't announcing established until a year after he left the vice presidency. So where were the documents then? Where was it during that year? Storage facility in a Home Depot spackle bucket. I mean, we don't know. No, nobody knows. And that's why the manner in which this has been handled by the Justice Department is so outrageous. Explain. Well, because they didn't do an investigation. They've allowed the lawyers for the president, the private lawyers to do all the searching instead of allowing the FBI. Once they knew there were classified documents, that's a crime per se. There should have been FBI agents conducting all of those searches. But Merrick Garland decided no, we want to allow his lawyers to do the searching and then they allowed some government lawyers to go with them and then they allowed The White House counsel to go. This is nonsensical.
The Dan Bongino Show
Dan Horowitz: Complications Shown With Paxlovid
"The problem is that this is not a sexy issue like guns taxes and abortion that conservatives are used to But it's an issue we better get familiar with Growing up beyond is always like Ben I'm happy I'm in America I can trust the FDA that you're on because you know we know what we're putting into our bodies But this is a systemic problem we now see that if you have a medical product that's viewed as a spirit of the age item it's treated like a spirit of the age item and not like medicine science so it's kind of like the same idea that they'll cut someone's balls off literally I mean you'll have these big doctors saying we're gonna do chemical castration and they'll look you in the face with the straight face Same thing we see with the vaccine So every isn't awareness that Pfizer's other product which packs lovid 32 common drug contraindications and there's papers out I cited one but there's actually several that people have three kidney damage from seemingly the doctors and pharmacists didn't deal with the contraindications And it seems like it creates a rebound effect It seems like it's has a risk of creating blood clots It's funny that everything seems to do that that they put out and that got me thinking like wait a minute We just spent first 10.6 billion and then now we wrote them another $2 billion check And the only data we have is from the manufacturer itself just like with the vaccines this is this is some serious money and they're going to earn 22 billion this year on tax lovit Just to give your listeners a sense of proportion home depots take away income their net earnings was about 16.4 billion It's the largest hardware company in the world so that's serious money off of human experimentation This is mixed with an aids drug
The Eric Metaxas Show
'The Great Reset' With Marc Morano
"Now and again, a book comes over the transom that appeals to me. This book, we're going to be talking to the author Mark morano is titled the great reset, global elites, and the permanent lockdown, a serious subject, the forward is written by my friend Sebastian gorka just to introduce the author Mark morano. He's the executive editor in chief correspondent for climate depot dot com, a news and information service he founded way back in 2009. He's the author of the 2021 book green fraud why the Green New Deal is even worse than you think. And he is now the author of the much more recent the great reset. Mark morano, welcome to this program. Thank you, Eric. Happy to be here today. I appreciate it. Well, this is a really important subject. So obviously, I want to jump right into it. It's called the great reset global elites and the permanent lockdown. What do you say in this book that we wouldn't know just from generally watching the news? Well, the biggest thing, I think the simplest way of explaining what the great reset is and what the thrust of this is is our entire world changed in March of 2020. And what happened then with these COVID lockdowns, it was in eye opener to not only to the rest of the world, but to the progressives and to the global leaders in charge because to them it was like, wow, this was easy. They basically scared the public enough to issue emergency decrees globally, almost every country. And then by issuing these decrees they bypass democracy and they imposed everything from school closures to church closers to business closures to mask mandates to stay at home orders to curfews, to vaccine, all without democracy without a vote.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"A Bloomberg money minute. Wall Street got back on track posting modest gains after starting the week lower yesterday. The NASDAQ led the advance, Dao industrials gained 56, the S&P rose 34, the NASDAQ climbed one 62. A weaker than expected reading on October wholesale inflation helped boost the market, and while fed officials acknowledged the recent encouraging news, they warned that inflation remains too high, and that interest rates must keep going up. With home contractors working through a backlog of pending projects, sales rose more than expected last quarter at Home Depot. Despite the beat, the company remains cautious, it restated, but did not raise its full year outlook. JPMorgan Chase making a $1 billion bet on single-family home rentals. It has a deal with the California based investor to buy and develop entire communities starting with three in the Atlanta area. Larry kofsky, Bloomberg radio what is dedication? The thing that drives me every day is a day is very we call them day to day for short. Every day he's hungry for something, whether it's attention, affection, knowledge, and there's this huge responsibility and making sure that when he's no longer under my wing that he's a good person. I think the advice I would give is you don't need to know all the answers. The craziest thing was believing that your dad knew everything. So as a dad, you felt like you had to know everything. You had to get everything right. It's okay to make mistakes. As long as it's coming from love, then, you know, it kind of starts to work itself out. I want him to be able to sit back one day and go. We work together. We did a good job. That's dedication. Find out more at fatherhood dot gov. Brought to you by the U.S. Department of Health and Human Services and the ad council. You see the value in worldwide market news. Stocks in Asia saw some heavy selling overnight, and you wanted first several fed officials beat the
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"In Home Depot and Walmart to the likes of Lowe's or target, for example, which are seen as perhaps slightly more expensive alternatives to those two. Yeah, that's a very fair point. And when I look at Home Depot, I think one of their competitive strengths is just the fact that they have so much exposure to the professional group. It's about 45% of their sales are for those kind of professional contractor types. So that is an inherently different in terms of comparison against a Walmart or even a lows. And so I think that I think when we look at Home Depot, the business seems pretty well positioned. Some of the weakness today is really that they didn't change their outlook for the year. The sort of reiterated, there's expectation that the industry will go through some slowdown because there are some housing indicators that aren't the greatest. But for now, they seem to be holding holding fairly well. It's a question of how well they're going to manage through this higher bump in inventory. You know, Paul, it's interesting. Growing up near a Walmart, I was also right next to a Home Depot. And what I didn't know was that they do that on purpose. They actually locate the stores, Walmart and Home Depot next to each other because of shopping trends that they noticed. Oh, that's interesting. Yeah. Okay, good stuff. All right, a little retail analysis there by creating a group that we appreciate that contribution. Hey, Jen, thanks so much for joining us Jen bartas. She covers all things retail for Bloomberg intelligence kind of running through some of the numbers from some big, big players in the retail space, Walmart, and Home Depot. Good top lines for both, which suggests the consumer is still out there spending, and that's kind of what the read
The Dan Bongino Show
Dinesh D'Souza: We Need Surveillance on Ballot Boxes
"So your movie 2000 mules scared the hell out of a lot of people me included so informative And very well done And in the movie you pointed out that there are some obvious security problems with these ballot boxes that are left unattended You know it's pretty obvious when you go into vote at a voting location you go there in many states you have to present an ID many states you don't Either way this typically a person there So if dinesh d'souza would have tried to commit voter fraud and bring in say 20 different ballots from 20 different people he didn't know from a harvesting location it would get kind of weird as you walk back in 20 times That doesn't happen if these ballot boxes in 2000 mules showed that You see the response though dinesh now the left is paranoid that poll watchers and people who have taken it upon themselves to legally watch what's going on at the ballot box is the left's freaking out They can't believe that we would actually want to see what's going on in this system It drives them crazy I mean let's think about this Dan If you look at the size of the cybersecurity infrastructure agency their election rules require that all mail in drop boxes of 24 hour surveillance So my first question is in an era where you've got surveillance in every parking lot every mall every Home Depot every post office why wouldn't states have surveillance on every Dropbox Patriots wouldn't have to camp out at dropboxes if there was in fact the required surveillance installed But we know from 2020 that very little of that was actually done Now then the excuse was COVID We never got around to it but there's no excuse for not having surveillance in 2022
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"The country's EV industry. On Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. This is a Bloomberg money minute, a deep freeze as quickly descending on the housing market. The government says home construction fell more than expected last month, nearly 10%, and more previously agreed to deals for falling through, according to the Redfin real estate firm. The housing slowdown has had little impact on sales at Home Depot, it turned in better than expected second quarter earnings, same store sales rose nearly 6%, but the number of customer transactions was lower. Home Depot gained 4% helping to lead the Dow to another advance. The Dow industrials climbed 240, the S&P 500 added 8, the NASDAQ fell 26. It hasn't happened yet, but the government wants to be ready in the event of a major commercial space crash. A bipartisan bill in Congress would designate the national transportation safety board as the lead investigator in commercial space crashes, Larry kofsky, Bloomberg radio. You're never completely ready to adopt a teen. For a late night's writing English papers. Are your teens music taste? For dinners, where they talk more on their phone than with you. For the first time, they call you mom. You're never completely ready to adopt a teen, and you can't imagine the reward. To learn more about adopting
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"Company builds hydrogen and fuel cell systems and sells them to the likes of Walmart Amazon Home Depot and a lot more companies It also sources many key input materials from Eastern Europe a region as you know currently in the throes of war My Bloomberg quick take colleague kitty grapple and I spoke with president and CEO Andy marsh after the company posted a wider than expected fourth quarter loss yet reaffirmed its 2022 revenue forecast When you look at the hydrogen market is scheduled to be essential $1 trillion market if you look at analysts like gold at Goldman Sachs and with that kind of market you're going to have rapid growth and plug is expected to double its revenue a lot will come from the generation of hydrogen or electrolyzer business which we expect to grow by more than 70 80% over the coming years as well as other opportunities to grow the business in new markets like on road vehicles without JV with Bruno And Andy if you look at the balance of risks of the year ahead I feel like we have to talk about the situation in Russia and Ukraine because Russia I mean it's one of the world's biggest suppliers of platinum and Iridium and your fuel cells in your electrolyzers obviously use both of those materials are those supplies at risk right now Do you get platinum and Iridium from Russia or Ukraine Really good question And we have established supply chains with some of our partners We have a close partnership with Johnson matthey which have access to titanium Iridium all over the world This past weekend we opened a joint venture facility broke ground at joint venture facility with Fortis Q one of the largest mining companies in Australia Spent a lot of time actually today making sure those supply chains were sound We do not believe that will impact our delivery this year So do you get do you get platinum and Iridium from Russia or Ukraine They're global markets So we're not specifically buying it from Ukraine or Russia but as you know all these commodities are global How do you control for that Well I think what's important is we have relationships with some of the largest largest suppliers of raw materials People like four to skew in Australia which is one of the largest mining companies in Australia So do you anticipate any hiccups given that it's a global market and given that Russia is one of the world's biggest suppliers Do you anticipate any trouble actually acquiring those commodities platinum and Iridium I believe that we I think what we're able to do during the pandemic being able to double our revenue during the pandemic over the past two years I think when you look at what's going on in Ukraine the harbor events there it also really helps the business like plug power because plug will be able to the energy transition will happen faster We provide green hydrogen Provide fuel cells I've been spending a lot of time with natural gas producers producers and natural gas pipeline companies in Europe about how they can transition to hydrogen and fuel cells more rapidly Well Andy that's something I've been thinking about this week I mean it's well known by now that Russia it's such a key supplier for energy for natural gas for oil to Europe and that's really emerged as sort of a crisis when it comes to European energy security So you see this situation that's unfolding is helping to accelerate some of the adoption when it comes to things like green hydrogen When I look at it we have been promoting green hydrogen to help reduce the carbon footprint So that folks to meet the 1.5° goal Now it's pretty clear the work we're doing in green hydrogen is a national security issue for both the United States and Europe and plug power is probably as large as fuel cell and hydrogen company in the world is in a better position than anyone else to take advantage of this turbo This opportunity in this terrible situation So can you talk a little bit about how you're moving beyond your core market right now You do according to the Bloomberg terminal get a large portion of your revenue from just a couple of different companies Those companies include Walmart Amazon Home Depot Procter gamble and more I talked about the transformation that you're doing at plug power to try to diversify those sources of revenue Sure great question I'm going to give you two examples One is with Ford excuse medals in Australia We have an opportunity over the next 18 months to deliver $200 million worth of revenue to that worth of products to Ford askew for generation of green pneumonia in Australia In Egypt we're actually working with them to build electrolyzer plant a hundred megawatt electric cars which will generate hundreds of millions of dollars So this market opportunities or with global players around the world And obviously our JD for on road vehicles with Renault is another huge opportunities for.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"We look at where Joe Biden's domestic agenda stands after a year in office will preview his upcoming State of the Union address plus what's ahead with tech stocks with Wedbush analyst Dan Ives First we focus on the latest earnings coming out from home improvement retailers Home Depot and Lowe's they're due to open their books on the latest quarters in the coming week Let's take a look at that now with Ken Leon director of equity research at CFR Ken great to speak with you What's your expectation as Home Depot and Lowe's come out of the winter quarter So normally the winter quarter is the slow period for home improvement retail but since the pandemic we have seen a major shift of households from services to good particularly on home improvement So we're expecting results to be strong as it relates to both revenues and profitability And it's going to stick the ongoing multiyear trend of families doing living working and playing more in the home and making in some cases more significant investments in terms of remodeling Where do you think Home Depot and lows will stack up against each other in terms of market share Do you expect one to outdo the other So we look at these two giants as almost a duopoly They have ultimate dominance and home improvement retail In some ways benefiting both from the DIY to do it yourselfers as well as with contractors taking on these larger tickets projects But we also think that both benefit and one of the industry sources forecast that home improvement retail will be up 17 percent by the end of December 2022 to 432 billion from 368 billion at the end of 2021 Typically home improvement spending is about low single digit So underscores that multiyear trend and that's why we think for both of these companies they're going to have exceptional results and for investors these two companies are cash flow machines generating significant cash that is cloud and to buy back and for dividends Interesting forecast given the inflationary environment we're under Do you think we could continue to see that kind of double digit growth when we have consumers under so much price pressure right now We look at a checklist in terms of the health of the householder the consumer consumer confidence is low yet personal savings rates are about normalized now 7 or 8% The savings rate is not the full story of unlike past cycles The household is really has a low mortgage debt ratio to total disposable income and also wages and salaries are up and the wealth effect both from home equity values and stock market means that there's plenty of cash if you will to do home improvement There is some talk though isn't there about whether we're going to see a shift from goods spending into services spending over time do you see that in your forecast and how could that affect home improvement going forward It could be so the mix of home improvement is about half of spending is for replacement things that are old or wear out It could be appliances flooring or it could be for other areas It also benefits from housing starts which are likely to moderate a bit so there's some risk there in terms of new home building yet the majority of Americans stay in their homes and also it might be out of reach now to go buy a bigger home just because prices have been up over 20% at the end of 2021 versus 2020 which means that while the balance sheets are good for households they might take that to do home remodeling There's been so much talk about supply chain issues I know a lot of analysts are looking at earnings calls from so many companies looking at how they're handling some of the bottlenecks How do you think Home Depot and Lowe's are dealing with the current inflationary situation given the difficulties with supply chains Well it's really two subjects As it relates to inflation lumber is a big issue because it's a big product for them and it's one that pinches their customers because it is sold as a product Lumber board per square yard has risen normalize its four to 500 It got up to 1800 and it's about 1200 So that's elevated We'll hear more about that on the investor call And supply chain These are wizards both companies are very adept in terms of managing either containers coming from overseas or because of their pricing power and their large scale able to get reasonable prices even though prices have been going up So just in terms of how the stock could perform coming out of earnings what's your outlook do you expect these companies to outperform We do And when we look at this year both of these companies would be in our view large to mega cap core holdings for portfolios They are very stable when there may be at least market worries about the consumer with rising rates and whether it's spending discretionary eases off Obviously anything that would be more pointing to a significant economic downturn would hurt these companies because they're in cyclical businesses but given the secular trend that I've mentioned of doing more in the home plus we think still a very strong housing market in 2022 Both of these companies stand to benefit in a duopoly where they really don't have any other competition All right Can as always thanks for the insights good having you on with us Thank you Ken Lee on his director of equity research at CFR Up next on this holiday edition of Bloomberg daybreak we talk tech with analyst.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"But it is going to be a down day for the Dow Jones Industrial Average It's going to be a down week for the Dow as well by about 8 tons of a percent The S&P 500 looks like it's going to finish in the green by just about 8 tenths of a percent Lower on the week by about three tenths of a percent the NASDAQ composite higher on the day by about 6 tenths of a percent and lower on the week by about three tenths of a percent And the Russell 2000 which I think this is interesting here managed to actually poke into the green year We talk about some of those value names and some of those cyclical names that have been lagging up about a tenth of a percent here on the day Still down on the week though Yeah there you go I mean yeah it's been interesting to see small caps kind of miss out on some of the dip buying action clearly participating today I just want to point out the S&P 500 that big rebound we saw That was with 7 sectors in the red I don't want to steal anyone's thunder but not a huge amount of breath Yeah and we should just point out too that we did There was this seem to be a correlation between that rebound We saw a Netflix and the S and B I'll take in a Lake iron Yeah let's talk about those sectors a little bit here because financials yes they're in the red but not as much as real estate end of the day We saw that a little bit lower than we saw the financials dropped so the financial government just a little bit energy Energy the big winner here on the day 2.4% higher followed by infotech had a little lift as well today So again guys not everything in the red there Not everything in the red I'm going to do gainers and decliners also have notes from Carol master She wants you to know she is working today She's just from home But in any case let's look at some of those movers We have Las Vegas Sands It is your biggest gainer in the S&P 500 higher by 14% today It was just one of many casino stocks staging a relief rally That's of course after macaws changes to local licensing rules not as harsh as feared biggest rally since November 2020 Netflix we know jumping just in the past hour after headline that it's raising the cost of those monthly subscriptions in the U.S. and Canada it looks like traders think that subscribers subscribers will be happy to pay up because Netflix shares closing about 1.3% higher That's the good news Let's get to the bad news JPMorgan again we all know the story just one of several banks reporting today They have some big spending plans Traders not too thrilled about it You saw JPMorgan closed lower by over 6% Just want to end on Home Depot because it was just one of the casualties that we saw out of that December retail sales report Retail stocks broadly lower today Home Depot one of the biggest losers in that sector shares down nearly 4% That's the worst day since Did Carol give you all these notes for these I have a few others that I could run through but I'll keep a lit on it Meanwhile though I mean I love that you focus in on that retail story because it's interesting that on the day that we actually got slightly weaker data than many had been anticipating We're still all focused on what the Federal Reserve is going to do We're still seeing this whiplash effect in the market where you see yields surge higher and on the back of that The dollar search is higher This is why you've got an entire vertical of red in terms of FX and written lower versus the U.S. dollar on the day Swedish kroner down by percentage point then Aussie dollar also off by 9 tenths of a percent We've seen of course pressure in some of those commodity related FX pairs on the downside the New Zealand dollar the kiwi off by 8 tenths of percent This is we see some of the love taken out of the metals prices Copper was on the downside gold actually lost a little bit of a sparkle on the last day of trade This is we sort of reassess what some of the data means in some of the strength of the U.S. economy particularly when you get that poor reading for December retail sales Nonetheless we need to crude oil still pushing up We're having really on a tear at the moment for the month of January for oil We're up two and a half percent on crude $84 is currently where we trade in that particular part of the market Brent crude up 2.3% $86 of course there's also been the pressure within the gas market as we see well the cold weather hits strike here in the northeast once again repays all these weekend But this is the story for me today This is even as we see banks get crushed on the day because the individual earnings This is a story of yields still spiking across the curve but the U.S. in two years but I wanted to show that this is a global story Yields Bashar in Japan and France and the Netherlands which they move in the yen in terms of perhaps a more hawkish BOJ as well remain Yeah you got a German ten year yield actually threatening to go positive They out there and Taylor for some reason decided to take the day off So I'm gonna do yields for her year And you take a look at where we are here The big move of course was on that two year yield about ten basis points higher this week from where we were at the end of last week 97 basis points The ten year yield was basically kind of unchanged here though there was a lot of Russians Remember at one point we were above a 180 basis points And it was interesting flattening that we saw in the yield curve guys I mean you talk about that 5 year 30 down now at around 56 basis points in that two ten curve down around 81 basis points And that's maybe some of the concerns you're seeing too as well with the cards to some of the banks in the financials here that the steepening which will obviously eventually come but at least for the moment now is not there and that might be causing a little bit of concern Yeah exactly We all say what that signals in terms of is this the monetary policy acting too swiftly Is it the fact that yes we'll tackle inflation but you're actually going to stifle growth in the United States going forward particularly when you start to see some of that weakening retail sales data that we saw today I mean I'm still potentially a little bit more unnerved by the lack of spending that happened in December in that particular department because of inflation Completely valid point in the planning of the yield curve I've been talking about it all week because that is such a big deal The banks are very sensitive to it JPMorgan said exactly how much it could be in the billions of dollars And you know there's also this idea of is there faith in the Federal Reserve to control that law and end of that curve Well just real quickly on the Federal Reserve because I mean we talk about the language that we inherit out of the fed.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"Thank you so much We appreciate that You know we're talking about inflation a lot We're here at targe They reported their numbers today They're seeing some of that in their supply chain and their cost structure And some folks are getting concerned that that could be a real problem for profitability going forward Let's check in with George young He's a portfolio manager at villari and companying company is a New Orleans family business through four generations that is very cool and it was love Checking in with George So George again we heard from target today Talking about that inflation how it's impacting their profitability How much of a concern is that for you as you think about these equity markets given that we're at or near all time highs on a daily basis Sure Great great questions and everybody's mind And this was echoed by what we heard from Walmart and Home Depot the other day So the problem is yes we've got inflation It's a real concern Bonds are only yielding 1.6% That's not going to make you much in terms of a real return Cash is yielding nothing So your option is really the stock market And we are more small cap and domestically oriented But what we look at is the fact that the yield on stocks on the Russell 2000 for instance is about 1.1% Little less than what you've got on bonds but remember you've got dividend growth and is inflation inflicts pain on some people It also allows prices to rise and all those hard to keep up with it You do have that dividend growth which would help all investors So when you look at that dividend growth of other places where you're worried the dividends are going to get cut That can happen but again in a rising economy and a strengthening economy as we're seeing right now there really shouldn't be too much danger that Boards tend to be pretty careful whatever they earn let's say they earn a dollar They have a specific payout ratio that they aim for So it's very rare that they would get in trouble and pay more than they can pay out because it's based on their earnings So it does happen on occasion but I don't see that in our future I think there are other problems out there other than that Our dividend is going the other way Are they higher Yeah They should because that's what's going to happen with inflation Generally speaking in an inflationary economy real estate is probably going to be your best bet But again that's a different category That's something we don't do here at villain company and our mutual funds But what you can do is of course buy stocks where there is a smallish dividend Again 1.1% isn't that appealing to most people but on a relative basis when you're talking about 1.6 Either we lost him or they might have lost Yeah we made a lost George from New Orleans but we did we lose him there Well we can't Sorry about that I'm here Somehow we lost people We got you back Okay thank you Thank you for real and me in here So George you mentioned small cap stocks is kind of where you guys play in this market What are some of the sectors that you're looking at now Again valuations for a lot of people are getting kind of stretched Well as I mentioned we're more small cap mid cap oriented And we don't necessarily focus on sectors where bottom up investors So a couple of stocks we like One is port group that's a software company provides home service for new homeowners Everybody that's bought a new home realizes how difficult it is to find the proper services whether it's cable or utilities or who's the painter So ports group is got the ability to got the.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"Businessweek I gotta say I'd be done with the day for didn't have such a good guess coming up You can't go anywhere Okay We do have a good guess Door is locked Yeah Danielle cone vice president startup engagement and Comcast NBCUniversal is going to be joining us in just a few minutes We're going to talk all about the lift labs accelerator How large companies are looking to capture that startup spark with the neuron business Well the innovation media connectivity I can not wait to talk to her In the meantime can not wait to talk to Charlie Pelé Where are we starting All right well let's start with the equity markets Today Carol masser the Dow the S&P now So close to a record today with the S&P up 18 just about a point away 4700 even and a decimal that's where we ended the day session of 18 gain of four tenths of 1% as stack up 120 about 10.5 a record there of 8 tenths of 1% The Dow up 54 hire by one tenth of 1% worth putting the year to date numbers in perspective we've got the S&P so far this year are by 25.1% Ten you're down 7 30 seconds ten year yield 1.64% we have got gold down 7 tenths of 1% 1850 the ounce West Texas intermediate crude down one tenth to 1% 80 82 on WTI natural gas up two and a half percent today 5 14 per million BTUs Bitcoin down 5.2% holding above 60,060 1569 right now on Bitcoin Stocks advanced after the biggest increase in retail sales since March results from industry giants Walmart and Home Depot showing robust demand even as inflation squeezes purchasing power Today we saw Walmart down two and a half percent Home Depot up by 5.7% Well the larger than forecast gain in retail sales may reflect the pulling forward of holiday shopping as gift buyers race to be shipping delays Dana Peterson is chief economist at the conference board I think there's definitely that's definitely happening when we look at a sporting goods toys and hobby sales for October They were pretty strong and even I went out and bought all my Christmas toys ahead of time in October So we do think that some people probably buying in advance of expectation of store shelves being understocked Dana Peterson of the conference board among some of the retail names today Macy's up by 4% target up today by 1.1% again Home Depot off 5.7% Walmart also reporting this morning down by two and a half percent Recapping S&P up 18 gain there are four tenths of 1% I'm Charlie peloton that is a Bloomberg business flash All right Charlie thanks.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take This is a Bloomberg business lash Bloomberg world Hank waters I'm Charlie pellet We're looking at records for the S&P 500 Index the Dow the S&P nez stack all moving higher We've got Walmart lower Home Depot hire Let's get all the details as we head right over to the first breaking news desk for today's afternoon call Areas Bill maloney And good afternoon Charlie That's right You as stocks trading in the green helped by a 6% move in Home Depot Dows currently up a 127 points Sessions gained 24 NASDAQ is higher by a 110 He was a ten year old at 1.63% gold is down 11 Bitcoin sinks 6% and among the main 11 SV sectors leaders were consumer discretionary and tech real estate and Staples led to the downside Leaders of the upside the Dow Home Depot Nike and Visa while Walmart felt 2.6% after earnings and was under pressure In other news The Washington Post reported that The White House to buy 10 million courses of Pfizer's COVID pill Qualcomm hit an all time high after giving targets at an investor event and peloton's offering of 24 million shares was priced at 46 Wrapping things up La-Z-Boy reports after the bell Live from the first to break a news test go on each other Okay we thank you very much villain to hear live breaking news over your Bloomberg time squawk squ uah WK on your terminal I'm Charlie pelican that is a Bloomberg business flash All right.
Bloomberg Radio New York
"home depot" Discussed on Bloomberg Radio New York
"On home camera that flies through your home even when you're not there Talk to me about the motivation for this Is this something consumers really want and need I think what they really want and need is the reason why we built it which is there are times when you want to see everywhere in your home at every angle But you probably don't want to have an indoor camera everywhere in your home at every angle And so we really built it to solve the problem of when you're away from your home and you want to see some angle of your home or something that's going on in your home giving you that angle that shot without having to have an indoor camera everywhere So I really do think there's a purpose behind it versus just technology But I will say this is pretty cool What's been the response so far I mean how many people are actually interested in this right now Or do you see this something taking off over a matter of years Literally and figuratively So yeah so I think it might be in new area of home security It does for a I'll say a lower right price for what it does It's affordable security that allows you to see everywhere in your home We've seen an incredible response from it You gave us the youtubes of the short segments we've put out on it to just demonstrate the product I think there are most viewed segments that we've put on YouTube So it really has I think it's captured the imagination of our customers and people and it also really does serve a legitimate purpose that you can understand and benefits your home Ring alarm pro hits Home Depot shelves exclusively today with a special focus on job site security What's new and improved here So what we did is we were able to put the physical security of an alarm and the digital security that comes with a best in class Wi-Fi router put the two together and by doing that we created other things came from it like Internet backup And so with Home Depot we launched a project called job site security and package called jobs and security and so you can go to Home Depot now And as you've seen with commodity prices I know I see it all the time here Lumber prices all of this the things on our job site are worth a lot more now and these assets are sitting there in our neighborhoods And so now you can have a system to secure them to give Internet for them A camera on them lights and so a full package to secure your job site I want to know how you're being impacted by the supply chain chaos How is this influencing your production What are the biggest challenges especially as we go into a holiday season where you need to be meeting the desires of your customers Yeah I mean it's certainly been it's been a year we've had a lot of thrown at us from the pandemic to now supply chain issues We just try to keep our heads down over here keep focused on our mission and making neighborhoods safer get out the products we can keep in stock where we can And so far we've done a great job with that I'm proud of what my team has been able to produce and keep getting out there But you know I think this is one of those years you just gotta wait and see There's nothing guaranteed What are the biggest challenges right now I mean this is something that every company every executive is complaining about Yeah I think the challenges are coming from all over from labor to chips to shipping and we see it with the shipping yards You know it's just a it's become a very tough year to deliver But you know we've been through a lot of tough times as ring and as the broader Amazon and you know you just keep your head down keep working on behalf of customers and keep delivering and that's so far we've been able to do that so Now there are a lot of conversations happening now about privacy when it comes to increasing technology encroaching on our homes And ring cameras have come under public scrutiny for the eavesdropping feature They can record conversations more than 60 feet away and that audio recording functionality is on by default Why not leave that off by default Talk to me about the strategy there We give our customers very granular ways to secure themselves from industry leading things like end to end encryption our control center two factor authentication As you talked about with the audio it's our customer's choice whether to turn it on or off We do obfuscation zone So you can actually put in the camera where you want to see and where you don't want to see So we've really led the industry on all of the features that allow our customers to use their cameras in the way they want to use them But obviously if you're on a large piece of property you might want to have more distance more motion detection have the audio if you're on a smaller piece of property right on the street then you can use things like turning off the audio or obfuscation zones et cetera Then there's the issue of ring partnering with about 2000 police departments in the U.S. sharing private doorbell camera footage with them which they can access without a Warren I understand you've gotten some complaints about this some legal demands This is something that other tech companies share but ring does not Can you talk to us about how many users have had their data shared with police So that's actually not how it works We built a system on behalf of our customers to work with public safety agencies like police fire departments and others in their area Those agencies would put out a public request which everyone sees It goes publicly on our neighbors app as well as other places And then our customers are able to see that request and either they want to share something with the agency can say yes If they don't the agency never sees who saw even the request which is a public request for this So it's a very privacy centric way of allowing people in communities to work with their public service agencies and public service agencies to work with them in a way that benefits all while keeping everything private and in 100%.
Home Improvement with John and Dave
"home depot" Discussed on Home Improvement with John and Dave
"Came loose from the wall and i you know upstairs on the second floor. Is it practical to replace or repair like. How would you repair that. What came loose the flexible pipe or the going out. Say that again nathan. The hard pipe that goes out outside so it came loose At the commission at the wall. Oh it's just it's just sort of a loose there and so i. I sort of feel the way the drywall. years ago. select better it. But i'm concerned that this sort of losing kind of rallying inside the wall and you know if it is is that practical to replace mayes. Yeah you might need to replace the end cap right there. Where the welcome back. It's the home depot home improvement show with john. And dave dave deauville. Kosta including electrical and rick is doing something. He'll be right back with us. Let's get don don don. Thanks for weight man. We appreciate it. go ahead. What's your question. Hey guys doing appreciate you guys You brought up warns home warranties before Jim did and It's always been something. I've been paying. Warranty company. Never had to use them. So it's been something that i worried about. Are they gonna come through when i need them. The reason i got the home warranty was basically for my h back System and So jim mentioned about maintenance I've always used a private guy that comes in spring for my act. And paul for my heat. And i pay him cash. Are they gonna.
Home Improvement with John and Dave
"home depot" Discussed on Home Improvement with John and Dave
"Fine guys. Good dak and wake up and listen to you guys. Give me some great advice. We got about forty seconds to get it so we may have to put you on. Hold go ahead. I've got a shower up in the attic. It's bonus room. The i just noticed. The installation is not over the pipes. Away it should be okay. One piece of insulation. Where can you get like five six insulation. we're going to have to. We can help you with that. They'll go away. We're gonna put on hold because we're gonna rally time talking on the air but we can certainly answer it off the air and then we'll make sure everybody here's the answer. Joe we see you out there. Also don't go away. It's the home depot home improvement show and we will be back to talk right after these important messages. Welcome back because the home depot home improvement show. It's on a date. I'm john gordon. I'm dave deauville and We're taking some calls at seven zero four party seven four or five seven eleven ten seven zero four five seven eleven ten david. We had the question from Was it might win. Wayne sorry thank you us. Close mike wayne anyway. wayne's world was done by guy named michael on so we osborne installation. What he had was a he had a some copper pipe feeding shower in the addict. That only had some some insulation around it. that was. i don't know if it was blown in or bad insulation but not always a good not always a good thing in the attic You can do that but In this climate and you can usually get away with it but it really needs to have a thick wall arm affleck's installation over and that's what we talked about. Was him just buying a a six foot length of that and cutting it to length and covering up the portions of the pipe. That were That are that were not insulated Couple of quick tips. I said you know if you ever get. The opportunity should probably switch that out the packs. You know if you have a plumber overdoing something else to ask him what he would charge you to do. Something like that To minimize the amount of copper. That's that's in the attic if you can't do that Use thicker wall insulation which is code by the way and then also if it ever. If if you think about this if it ever gets cold for when we're below freezing doesn't happen often here but if we got below freezing for two three or four days in a row on the temperature didn't come up that's when that pipe would probably freeze in the attic. One way you could combat that is with one of those oil filled heaters We would be safe. You could set that in the attic. You'd have to. Obviously you would have to run a heavy cord For you're not supposed to plug those into to an extension cord but if you use like a number twelve You could set that in that general area in and keep it warm enough for that pipe not to freeze. But you know those things would. They're out of sight out of mind. You would probably forget that and then you would know after a couple of days that you forgot it in because not not the best count reminder exactly it would show itself so that's that's pretty much that's pretty much you have to do so so it made me think of something this year. I did the new driveway poured. And of course we tore up my sprinkler lines. Doing that and anticipated you. Know that when the sprinkler company came out because of the changes made to the size of the driveway. They weren't able to get a section of the pipe buried adequately to prevent freezing. And if you look out there you can see. It comes out from underneath the driveway. And then it goes down into the Into the you know the box with the the the valves and stuff and he's they used. I don't remember the name. He said he was going to use a particular type of pipe that was heat joined So fundamentally heat welded Point to point and it would freeze but it waits expand and then come back down And not burst So i don't. I guess i should know. I don't know the name or the applications. I wonder if you if you have that scenario in an attic If that was also an acceptable solution there You could I mean you get in. You can actually probably go up there and foam that with just even great stuff oxyde you could you really could and you probably seal that up. The the problem is if it's going drilled and gone through joyce that's probably where it would freeze because you can't the woods not that great of insulating. It tends to get cold so but like i said you're going to need two or three days of really cold weather. We just don't have that very often. So typically right. Yeah tell tell the texas guys that right yeah right all right seven. Four five seven eleven. Ten let's talk to joe. Good morning. joe you're on the home depot home improvement show. How are you. i'm doing well. Good morning how are you guys. Great thanks thanks for hanging on joe. No problem i'm looking for some advice on finding a professional and reliable contractor cabrera's county to do some work at my home basically replacing a bathroom Okay and when i say replacing. It's not really so much a remodel job as it is repair job. It's an older home. Never that it was not built with a bathroom. That's how old it is But it had a bathroom. Installed us later So it and it's the only bathroom in the house. Which is the other concern. Because you know. I don't want to be forever without a bathroom. Sure are waiting on the bathroom. What do you need what needs to be done. Well the floor structure is actually not good it The house had very little peering. If you will When it was originally built sir and so it it's the the floor has always been bouncing throughout the house. And so i think one of the things that needs to be done. And i would like someone to come in and actually structure lead. You know correct.
Home Improvement with John and Dave
"home depot" Discussed on Home Improvement with John and Dave
"Ask. Is there anything. that won't leave. The window spotted You just have to rinse and rinse again and then you might want to buy a product. That's that you put on the hose that you spray on the windows and that'll help that. Okay thank you so much. Good life travels out there all right. We snuck way past to break joe. Don't go away. we still see you out there. We just gotta take a break. We'll be back to the home depot home improvement show right after this welcome back. This is the home depot proven show with john and day. I'm john gordon. i'm dave deauville. We have some lines available again. Seven four five seven eleven ten seven four five seven seven ten. We're going to jump over to joe before we do that. David i made a note. And i meant to do last week and i just flat out forgot one of our home depot products of the week way back in. Maybe it was june was the thermos sell patio. Shield mosquito propeller yes and it gets good reviews very good reviews online. But i told you i bought one and so we've had a chance to use it and definitely two thumbs up. I was pleasantly surprised. And i say that because how do you mean just mosquitoes are mosquitoes right. Like in the hierarchy of evil. They're they're pretty close to the top of the list but it really works. It's kind of area. Are you using it in. So i used it in my big outside pool area but we put on the table there were. I don't know three of us Sitting around under the umbrella so there was probably some benefit of the umbrella. But it i mean so the area that we were in covered probably about. I don't know ten by ten one hundred square feet maybe a little bit more And and it worked. I i was. I was really surprised. I shouldn't say surprise. It got really good ratings bought it. I wouldn't have bought it. I thought it was garbage but But it did work well so So always nice when When something pays off the way you hope it will tell could ill all right. Seven zero four five seven hundred ten. That's the number. We're going to talk to joe. Good morning joe. You're on the home depot home improvement show. How are you sir..
Home Improvement with John and Dave
"home depot" Discussed on Home Improvement with John and Dave
"Might be so it sounds like it might be tall. Is it a tall area. Well one section. That gets the worst. I can actually get out on the cover. Tech proof Okay that's not bad but then yes Adjacent to the middle. Jackie on the house that the atoll section second-floor church so they make There's there's there's multiple types of of out of siding cleaners outdoor cleaners that you can. You can spray a lot. Most all of it's going to have some type of chlorine in it. So that's that's really going to be the answer a lot of times. We'll tell people not to use bleach or anything chlorine to clean mold on surfaces. That are porous. I mean you can clean it off but you don't kill the roots and your situation. It's only going to be on the surface so you could mix up a a concoction of Some some outdoor bleach. It's tends to be a little bit stronger. Follow the directions. It'll tell you how to mix it and then mix some some type of surfactant in there. You want some type of soap What that's going to do is it's going to cause it's going to allow the the the bleach the the bleach mixture to adhere to the siding longer to do its job it. Of course as you said if you can't scrub it you can't scrub it. This will take most of it off. you may have to repeat a couple of times But anytime that you can agitate it with a brush In an extension handle you're better off and a quick tip for that is take a tennis ball. If you use an extension take a tennis ball. Cut it in half and then cut an exit in slided it over the ball and that'll keep all that from running down into your armpit though. No need for deodorant. If you do the right. Mix of chlorine ordinaire.
Biz Talk Radio
"home depot" Discussed on Biz Talk Radio
"So it's a little worse than normal. But we're good. We've seen this before. 20% All right. So we got a little bear market right here, man. We haven't had one in a while. We had the crash, but that was the virus. Don't sell now. 25% All right. You got to think long term. 30% You still got to think long term. 40% Uh, Hominy Hominy Hominy Hominy. 50% You get my point. But on a positive note. We don't think we're anywhere near The end just yet. That's all. We have yet to see areas break down to the downside. And you know how we've been telling you that some of the areas that are weak or like housing related Home Depot Home Depot jumped back above the 50 day today. That's good news. And as we do our scans the worst thing I can tell you. Is that some of the big cap tech acts like crap. Woefully under performing. Name like Facebook. Yikes! Just don't own there's areas. Backs. We think it's a con. We think it's a con game. You can't have 200 companies selling Electric vehicles and batteries. And every day that I'm finding new ones, and they're all saying electric vehicles and batteries. It's a con game. That's going to make hay for people right now. Any announcement by any company about anything electric vehicle or battery, and the stocks are spiking. Just like in 99 companies would Was starting a website. Changing our name with putting dot.