35 Burst results for "Home Depot"
NYPD officers surround BLM protester's apartment in standoff
"A leading black lives matter. Organizer in the end Lise left empty handed after keeping 45th Street closed for hours yesterday, a tense standoff in Hell's kitchen as officers in riot gear patrolled outside helicopter hovering overhead cops knocking on the door of BLM organizer Derek Ingram. NYPD says Ingram is wanted for assault on a police officer. But while cops waited outside Ingram live stream to the encounter on his instagram while speaking with supporters and also with his lawyers on zoom It's like a fly the war under the north. I can take a picture and give it to my representative. Thank you from I have no live stream to that protest. He spoke to his as he livestreamed. The encounter there with police protesters started showing up outside his apartment. To show their support for him. As the protests grew, the police left without arresting Ingram. He says he wasn't guilty of anything other than being born Black. Two cops punched in the face while trying to Navid accuse shoplifter New York Post reports. It happened at Home Depot in
Sol de Janeiro Co-Founder Camila Pierotti
"So Camilla you're from Brazilian from Rio, tell us about what life was like growing up there. I had a very happy childhood. Brazil is a very special place for me my sister and I grew up very her suction at Hanley. We Love fancying we love eating. So an obstacle up the beach. So it was a very outdoorsy place to to grow up in and just a lot of energy and happiness beauty for you in Brazil how is that different and who were some of your beauty icons growing up? Oh, Gosh. The beauty icon for me growing up I mean obviously started my mom and my grandma there just seeing them and their approach to beauty what was their approach to beauty? It's this concept of always be ready Brazil's have a word they word. In particular is actually considered a good thing. Versus be overly produced Brazilians of spend a lot of time making sure that they're always ready. You know taking care of it. It's like a daily control versus you have a party and he spent three hours getting ready. It's about what you do every single day is there a diy Brazilian beauty secret that everyone does but that might surprise our listeners in north? America like about bridges are very big into going to the So that aren't many betrayal to there's one thing that resilience love and they do this either at whom or on the beach, and it's lightning the hair on your arms or your I on your belly. Always do at home or on the beach. What do you do? It's diy you have a mixture at home and you Li-. You know like the says share or a lot of. Women think that. Brazilian, remove. Hair. Body about his not true. A lot of women will keep the here on the side and the belly to that's something that that they'll do at home depot lighten dot that Peach Fuzz just getting rid of it. Yeah. Right now we're out of stock of our original product of it and will be to bring it back but we have a product I got which one of the products launched with what's that called it hold Golden Body Veil we'll get that back in. Stock Soon yes. So it's like a cream that bleaches the hair is that right? Yeah and even I read that Brazilian women are obsessed with taking care of their feet. Is that true or is that a myth? Now? It is true. It is very, very true. We have fetish obviously a lot of this is because of the weather, right? It's a very, very hot humid tropical country and we were sounded almost all the time I mean why are resilient and it's basically everyone. Parachute, to every household has. Vienna's so yeah, we show them off and you know president going back to this concept of always being ready. You always keep your feet soft mood touchable and I'm I am personally obsessed with my feet is my favorite body part.
Blasts Rock Beirut, Killing Dozens and Wounding Thousands
"In Beirut, Lebanon, a massive explosion they're killing at least 70 people, injuring thousands of others will flatten me much of the port. Damaging buildings across the capital and sending a giant mushroom type cloud into the sky. Now the cause of the explosion still remains unclear. However, they did say that there were explosives in a depot that blew up The Lebanese Red Cross tweeted that more than
Blasts Rock Beirut, Killing Dozens and Wounding Thousands
"In Beirut, Lebanon, a massive explosion they're killing at least 70 people, injuring thousands of others will flatten me much of the port. Damaging buildings across the capital and sending a giant mushroom type cloud into the sky. Now the cause of the explosion still remains unclear. However, they did say that there were explosives in a depot that blew up The Lebanese Red Cross tweeted that more than
Get Momentum With One Question
"It is Monday and that means we always start. I know we'll do quick today. Have you done your homework? Did you sit down? Did you pay attention to where you're going right now your rolls, your goals everything in your life in other words he's here's the really simple cliff notes version. Are there things you like and you want to keep things you don't like you WanNa Change. That's it. Scribble it down look at it and say if I like it, I'm GonNa. Make make plans to make sure I don't ever lose what I really like in my life. And if they don't like it I'm going to sit down and figure out how to change it. It's all there is to do your homework. It's the most important thing you can do. It's you paying attention to you. Once you that you can pay attention just about anybody else. You know that's too right. GotTa Take Care Take Care Yourself first. So let's get to that one question. The question I just love to talk about I use all the time. This question came about years and years ago I. Think it was around two thousand six when I started asking myself this question at a beaver us with your is still remember to this day I was in a home depot parking lot in. Lake Mary Florida where I was at the time. And my first wife Cheryl had had gotten terminal cancer and she was in the process dying I. Never saw that way I I could I sold a miracle that we may may could save and I also recognize that we'll maybe not. Is Frustrated I was at home depot buying something who knows what it was, but something to to make life more comfortable and I was kind of freaked out about never forgets about my car in that home people parking lot. I was next to the place where you take the carts back and pushing the cart in there. That can the heck am I gonNA do? I do it to wife time what do? I had to ask the question and you feel this way right now you may be because of the pandemic. You may be feeling that way. Maybe you felt sidelined past few months or maybe busier than ever you can't even breathe. I. Couldn't read that. It's terrible. I wasn't alone. I. Knew it at the time and you're not alone right now people feel this way. Well, balanced right focused lacking direction lacking momentum. Fearful? It's scary sometimes. When I feel momentum do that when I feel momentum slow I discover that day. This very simple question. That I always ask myself or others when they need a boost and it's so simple. Write it down. Okay. What can I do? I. Know It's like wait a second. What do you mean that Scott so can i? Yeah. It's a direct question into your mind your subconscious mind if you will. What can I do now? Here's a trip to the question. I found this a lot of people because you're the boss of you. Right you don't have to do what you say. I'm going to do the Scott I'm gonNA, start a died on Monday then Monday you don't change my mind on the blossoming same thing here. You can ask the question what can I do and the answers are going to flood into your mind, but you may not like them right. Are you willing to ask. We right now think for just a moment. Is there anything in the world right now that maybe you just don't know what to do you just don't. Are you willing to ask that question? Are you ready to accept the answer? No matter how small it may be. It may be just a small tiny tiny adjustment get you where you WanNa go and that's it. Some people overlook those adjustments. They think that's not gonNA do anything it does if you do a little bit every single day right so maybe the answer the comes in little things been nagging me for a while. I just haven't done it. If I did things change maybe that's what you get. Maybe you get the big scary one, right I know these are the tough ones. These are the ones where you just sit around for a long time and things like pandemics tend to take the big stuff and go. Hello. Putting off for years citing the big stuff something significant needs to change. And you haven't had to do it. It's amazing. How change instantly like that very second that we have to. So when you ask that question, I really mean this because I asked it to my clients all the time. And they're fearful of the answer. So, the rule is pretty simple. It's just you'd have to ask and accept whatever comes to your mind. Now over the time that I've been doing life and and working with tens of thousands of people these days I have learned, it comes in two varieties, I kind of tease chatel already. Okay. Number one it's a very minimal adjustment in some areas of your life will get huge results. Maybe not this moment but maybe it might be just a phone call or whatever anything. Somebody. Number to. The realization that something significant must change and it must change now. Are you ready to toss out the old and go for it. Oh Scott Right now's not the time maybe it has to be the time I. Don't know. But asking simple question. Sets you up to be in charge in control, and that's usually where people feel. What people feel when they're trying to move forward they feel like they have no control. The truth is you do if you're willing to take it back into begins right inside of you. So four little words. I promise you if you'RE IN A. Relationship or a bad job or you just need to move or something has to happen if you ask those questions that question to yourself as four little words, what can I do and you're willing to accept the answer that comes into your head? And boy, there's a good chance you're not. But if you're willing to. Take Action on it. You'll change everything you will make you ge- huge impact on your life and those around you.
Aboard the Diamond Princess, a Case Study in Aerosol Transmission
"The diamond Princess cruise ship turned out to be a bit of a canary in the coal mine for the Corona virus outbreak back in late January 1 infected passenger boarded the ship. A month later, over 700 passengers were sick with covert 19. Others new research out today on how the virus spreads like wildfire across ships like this, and it serves as a major warning for how the virus transmits in everyday setting statement settings that were in like Charles and I in this office building. Dr. Joseph Allen is the director of the Healthy Buildings Program at Harvard, JJ Chan School of Public Health. Co author of the A Diamond franchise study. Dr Ellen. Thanks for joining us on connects in death First of all tell, Tell us about about your research and what we should know people like myself. People like Charles People who are are in situations where this virus can spread. Yeah. Thanks for having me on on. You described it perfectly carrying a coal mine. It caught our attention rightfully early on in this pandemic and should have been an early warning of just how easily this virus spread. If you recall, there were several 1000 people. On the cruise ship, and almost 20% of them got infected. That was even after a lock down. What we did with our study really was used that as a really A perfect experiment. Unfortunately, was an experiment in a bottle. With everything so controlled so well defined. We could really understand how this virus is transmitted and start to quantify it for the first time. With some depth and what we learned is this Airborne transmission. The longer range airborne transmission mean around a room. It is contributing a significant portion of the spread of this virus. Now. This is just trying to get some attention from one of the 239 scientists wrote a letter of the W H O a couple weeks ago. This made headlines that airborne transmission is happening despite CDC. W ll be reluctant to acknowledge its happening. This new shut study shows it's happening. It makes it a big part of the spread, and it has obvious implications for opposite schools and every other Setting. We spend our time indoors and okay, So let's talk about what that translates to in terms of what offices and schools and buildings need to do. As you know most modern buildings. You can't open windows and that was designed years ago to be more energy efficient. So you can't open the window unless you want to throw a chair through it. So what are we supposed to do? That's a good question. So first keep doing the controls that we know what working in Washington absolutely, where mask that helps us all forms of transmission as well. And social distancing is good day one that we need to do more of it. Fewer people pay attention to is bringing in more fresh outdoor air. We're bringing ventilation. So if you do have operable windows, you open him up. Facilitate the movement of air coming in there with the fan the window If you're in a building that has airconditioning on H B C system mechanical system, you want to talk to the building owner get more fresh outdoor air coming in through that system. Any air that's were circulated. Must go three. Merv 13 filter or better? MDRV. Usually they use a murdered eight U Want to murder 13? And you could think about supplementing that in schools Homes office with a portable air cleaner with HEPA filter, the kind you'd buy it, you know, Home Depot, our target or Wal Mart er online. Yeah, but here's the thing, But But But here's the thing, Doctor. Ah, Just to take. You know, Christmas talking like we're in the studio here. So you know, I'm looking. We've got all kinds of stuff. We got Purell. We've got Clorox. We've got Germany. We've got you name it. We've got all kinds of things to scrub surfaces. Uh, but for companies to come in and put in new ventilation systems and new filtering systems That's a lot more money than getting a canister of wipes. Well, look, I mean, the reality is that it's important to wash your hands. Do all that. But the majority of your exposures coming through other means you're gonna have to wear a mask that's not expensive. And the recommendations we've been giving in February not to go in and replace your system or spend $1,000,000 on some new fancy control system is really getting down to the basics here. Your existing system can bring in more air than it's doing. You have a you have a filter on the recirculated air Get a better one. A portable air cleaner's $200. You guys should have one in your studio right now. So I'm not talking about expensive multi $1,000,000 upgrades take many months. You could have your space performing a lot better. In the next 30 minutes. If you want to plug in a portable air cleaner with the mask on, get the ventilation going a bit better. So it's a misnomer that this has to be expensive or time consuming to fix being in office school dental office, you name it. Dr Joseph Allen, director of the Healthy Buildings Program at Harvard's Chance School of Public Health. Dr Alan Thank
July Mailbag with Jason Moser
"The. Multiple answers I'm out Southwick and I'm joined, is always by broke camp. Personal Finance expert here at the Motley Fool. Hey, BRO, well! Hello Alison. It's the July mailbag where we answer your questions and this month it's with the help of multiple analyst Jason Moser. Should you buy a house now? What is modern portfolio theory and also here Jason's thoughts on a lot of stocks all that and more on this week's episode of Molly fully answers. Jason thanks coming back. you know I mean i. told you you invite me. I'M GONNA. Be here every single time. Thanks for having me back. I mean we appreciate it because we know you're a busy man, and so we do appreciate that you carve out time for us in our little show, don't. Always always make time for those important people in my life rule number one make time for allison and Bro I love. It sounds like a good one to me. Everybody wins. All right well, I guess we should just get into it, so the first question comes from Darren I've subscribed to the full for over a year and I'm really pleased with the service. I would like to know your thoughts about my holdings in Shop Affi- I've bought several times over the last three years, and it's now over thirty five percent of my portfolio and I. Don't know if I should continue holding or trimmed down. What would you advise a good problem to have I was gonna say that exact same thing? That's a good problem have? In a very glad, you have subscribed to our services in your really pleased. That's that's what we aim to to do. We aim to please help you make money and so yeah. This is one of those situations that we will find ourselves in from time to time as investors. A nice problem to have but something you do need to address at some point because it is going to be a little bit different for everybody. In so coming from the perspective of I, also own shop, a Fi stock in it's it's a wonderful investment. It certainly is taking up a bigger. Part of my portfolio a not at thirty five percent where you are. I think for me. It really does boil down to. That sleeping at night test in other words, you need to be able to go to sleep at night without worrying about this kind of stuff, and if you feel like shop, a Fi represents too much. Of your portfolio if you feel like you're overly allocated their, then, you may need to consider pulling it back a little, but now I mean it's. It's I think it's always important. Note you know. It's a big difference between building up a position buying a position to make this size to make this type of allocation in your portfolio. It's another thing entirely to have position grow into beat into becoming that size i. mean that that is that is in a little bit of a different dynamic there, so people all the different ways, some sometimes folks will, they will just sort of looking at it from the house money, concept or you. You just sell enough shares to recoup your initial investment, and then you let the rest of it go. Some people are perfectly fine with thirty five percent. Some people are not. They want a pair back so i. do think you need to kind of figure out what helps you sleep at night I do think that shop by a great business. I think the biggest risk in only shop, if I right now is valuation, just because it's dominating, it's space, but it's not making any money yet, and it's probably going to be a little while until they do so that valuation risk is there, but ultimately yeah I think determine. Where you feel most comfortable with it, and if you feel like you need to put a little bit of that money off the table, and he thirty five percents a lot, certainly very understandable. If they've said something you need to do if you do decide to pair it back a little bit. You've made multiple purchases, so you can identify the shares to sell to manage the tax consequence if this isn't a brokerage account and not an IRA. All right next question comes from Steven. If you are forced into unemployment, you are paying federal income taxes on unemployment payments are not contributing to social security nor to Medicare. How does this affect your future calculation of social security benefits and can one contribute to the social security fund during unemployment to mitigate any adverse effects on benefits, it is a little bit adding insult to injury, but you do owe federal income taxes on your unemployment benefits, and if your state charges has a state income tax, you probably have to pay state tax on that, although there are a handful of states that exempt unemployment benefits, so that's good news. And by the way you, you could have taxes withheld from your unemployment benefits you file. This form called form w four V. if you want, they withhold ten percent, or you can do quarterly estimated payments if you wanNA avoid that big tax bill at the end of the year, but if you're strapped for cash is probably just better to get the money now worried about your taxes later Eh. Stephen notes out. You do not pay payroll taxes. Those are the things that go into social security and Medicare so. So. It could result in a lower social security benefit, however, keep in mind that social security is based on your thirty five highest earning years, so if you enter the workforce at say twenty two and you work until you're mid to late sixties. That's more than forty years where the working so hopefully. If you miss out, if this year is not so good somewhere among those other forty, five or so years, you've had thirty five really good year so that this year won't be that big of a deal. So it probably will be okay. And then to address the last question. Unfortunately, no, you cannot make voluntary contributions to social security. There is at least one academic working paper out there. That suggested that people could buy into social security by like extra credits as opposed to contributing to your 401k, but so far that has not been passed by Congress I had an ex. Question comes from Sam. I heard to stocks discussed on another full podcast. When I read articles about them, it mentions they are thinly traded. I have two questions one I'm sure my position would still be quite small so I think I'd still be able to get in and out, but are there other things I should think about when it's a thinly traded stock and question number two. Is there a certain amount of? Daily volume you like to look for when considering a stock foreign investment. What volume do you want to see to not be? Quote thinly traded stock. Yes very good question in thinly traded stock just refers to the either the amount of shares or the dollar volume of shares that would trade on any given. Market Day and so. The. Thinly traded stock. The the problem is that you may not necessarily able to buy and or sell at the prices. You necessarily think you might be able to in other words when you look at a stock's price and you're looking through the. What what's going on throughout the day on the market, you'll see that did ask spread, which is essentially the bid. Ask spread is it's what someone's willing to pay for the stock versus what someone is asking to be paid for the stock? Because you know you have a buyer and a seller on on in every transaction they're. Normally most cases, these business business bread is very tiny, the couple of pennies maybe for most stocks because they're. They're heavily traded right there. There are plenty of dollar volume. But there are a lot of smaller companies small caps in particular in in you know a micro cap, specifically that don't necessarily meet these kinds of thresholds, and so you definitely have to be aware of that now I'll go back in time just a little bit, too. When we were running the service here at the fool called million dollar portfolios Roman Romani portfolio that we help manage members, and it was never really a problem, but we did have a condition in there. We were always looking for at least ten million dollars in average. Trading volume total daily volume now understand I'm not saying the number of shares saying the amount of money so basically shares times price, but we're always looking for at least ten million dollars. That wasn't set in stone it. It was an idea for us. It wasn't ever really a problem because we had a very diversified portfolio with a number of different types of companies, but when you're looking for smaller companies, you would've just keep that in mind that did ask. Spread is is something that just because it says the stock is twenty dollars. That doesn't necessarily mean you'll pay twenty dollars if there is a a big spread there between the bid, and the ask in so I think whenever you're considering stocks that have any lighter trading volume or thinly traded stock. Just be sure to use limit orders. Limit Orders of let us stipulate the price that you are willing to pay for or that you're willing to. To accept a if you're selling a limit, order is just a really good way to protect yourself from any unwanted surprise thinly traded stocks. You might not always necessarily get them when you want them, so you might have to lead that limited are in there for a little while, but but a limit order is a great way to protect you from any unwanted surprises. Next question comes from Randall. I'm in my late thirties now, but earlier in my life. I was very very bad with my money. Collection Calls Welfare and bankruptcy or not strangers to me. I've been at the bottom then I met the love of my life, and she convinced me to turn things around ten, and a half years later and I have done a complete one eighty, I took control of our finances rebuilt my credit and started investing and listening to all you find folks all. I opened it investing account with the goal of saving and building enough a down payment on a home. I'm happy to say we've now reached that goal. I recently sold at a profit because I didn't want that. Money tied up in the market. If we are close to needing it for a house, but now that we're here, I'm not sure what to do. We currently rent a basement apartment and our neighbors general living situation are less than ideal to put it mildly. So, we're champing at the bit to jump into the housing market that being said the experts have been calling for a drop in the housing market for a while, and that was before the pandemic hit now I'm worried that if we buy right away a year or two or three from now, interest rates will spike, and we could be put in a difficult situation. I live near Toronto. Canada or the housing market is already highly inflated in relation to the rest of the country should I be worried? While Randall first of all congrats on turning your financial life around love hearing success stories like that so good job on that. So I'll start with my standard answer with the rent versus buy decision, and that is just pull up spreadsheet and compare the all in cost of renting, including what you could earn on the money that use for down payment versus the all in cost of buying including the opportunity cost of putting down payment as opposed to having invested as well as insurance and taxes and maintenance, and all that stuff and project, where you might be in five to ten years based on various scenarios on what happens to stocks, if you. Rent an invest the down payment versus what happens to? What you'd look like depending on where home prices go. Generally speaking. If mortgage rates go up, that could way down on real estate prices we did see mortgage rates. Go Up for a bit a few years ago, but the housing market did find, but you could certainly envision a scenario where rates went much much higher, making houses, much less affordable and prices would have to adjust. But I don't expect that to happen anytime soon. I think we're. GonNa have low rates for awhile, but beyond that I don't know I've given up trying to predict where interest rates are going or even paying attention to people who try to predict where interest rates are going, so who knows? That said since you live in Canada. I thought I'd check. In where rates are these days and I and I got a brief reminder that things are actually different in Canada so I did a little bit of research. And then realize I had reach out to someone who knows, I reached out to Canadian Motley fool analysts Jim Gillies, and he had some thoughts so first of all just for you non-canadians out there. It is really different so in America. We get this thirty year mortgage than we have the same payment for thirty years. It's fixed. They don't have that in Canada. What's the most common is a twenty five year? But only the first few years or fixed. And then adjusts so in that context you can understand why Randall is worried about interest rates going up because over the next depending on which alone he gets the most popular is a five year fixed, and then you basically have to go get a new loan probably. So that put that in context, a little more, but also Toronto, really is crazy expensive. Vs from the end of last year that put it as the most overvalued real estate market in the world behind Munich. As Jim pointed out in our call here in the US we had our housing peak in two, thousand, six, two, thousand seven, and then we had what he called a reset, which is basically prices came down significantly candidate and have that slight downturn at home prices, but then they just kept on going up, so it really is different there, so when Jim explain all this to me, the difference in mortgages and the difference in home prices. Frankly he was inclined to say to this guy. You Might WanNa rent for while more and see what happens, but he also had the good advice of okay. What if you buy in prices? Come Down Fifteen percent twenty percent. What if they come down to a point where he upside down? You owe more than the home is worth. Are you okay with that? If. You're okay with that. Maybe it's okay to do that. But it certainly sounds like dicey situation than if someone were telling me like I'm thinking of do this in Dubuque Iowa or something like that. couple of other differences. In case you're curious about Canada in the US. Your mortgage is portable in Canada south. You Buy A. Get the five year mortgage, but then move get to take the mortgage with you for the next house and interest is not tax deductible. US Look at you, Robert, broke? Camp Can Canadian real estate experts there you go. Next! Question comes from Chris. I was on twitter the other day and saw that one of your contributors Brian Feroldi tweeted that he doesn't believe in a long list of technical trading terms and then modern portfolio theory. Can you help me understand what not believing an MP? T with mean this? He believed that diversification doesn't reduce risk. Also every financial adviser I've ever talked to his preached empty, so I would love to hear the counterargument. Jason you're not Brian for all the. Question I am not Brian for all the do get the talk of Brian Pretty good bit though. I I must admit I. Don't know what he said here in regard to modern portfolio theory and all of these technical trading arms. But I think I can take a guess. Generally speaking I agree with them, and I think you could sit there and look up the portfolio theory in you know read about it as much as you want. Just go to google modern portfolio theory, and you can dig right in there, but in a nutshell ultimately, what modern portfolio theory is the intention behind it? It's meant to reduce risk while maximizing returns. It assumes that investors don't like risk. They prefer less risky portfolios to riskier ones in order to achieve a certain level of return so right there. I kind of kind of lost me right there because I don't believe that every ever investors risk averse I think some investors have a very. Healthy, appetite for risk, and frankly I would say I got a pretty high tolerance for risk when it comes to investing, made it just because of what I do for a living but I. You know to me I like having that trade off least unhappy. Happy to take some risks there. If I feel like that upside, it's going to be potentially worth. So with modern portfolio theory, it introduces a lot of fancy math in the form of variances and correlations in order to come up with this. Quantifiable, investing strategy that ultimately helps reduce risk while allowing the investor to achieve. Certain returns in. Maybe it works for some not I'm not dismissing it personally I. Don't use it, I don't personally subscribe to it I. Don't need it. I think honestly for us. In a really believe it's extends to to most people in our full universe is that is individual investors I think a more meaningful way to reduce risk. is to just extend your timeline like invest longer. So like Tom Gardner said a number of years back when we were. Working on Motley, fool one basically take your take the time line that you think you want to own any individual stocks you buy shares of starbucks and I plan on owning it for you know five years. Okay, we'll just double it. Cloning it for ten in all of a sudden right there. You've given yourself more time. Time is one of the big advantages we have is individual investors. Money managers don't have that advantage, Wall Street done generally handed abandoned, either, but if you can be patient and just invest in good businesses. That risk really starts to come down over time. There are plenty of studies out there. That show that risk comes down the longer you hold onto those stocks, which into me, just renders modern portfolio, theory, more or less not useful mean on things, not useful for everybody, but it's not useful for me and based on Chris. Question It sounds like a agree with what Brian was saying there. We think I'll add to. That is I agree that risk is really not that much of a consideration if you are saving for retirement. But once you are in retirement man, and just say like you know what the market's not I'm going to extend my time highs in ten years. Because you need to spend money in that situation, I think diversification is important. It's important to have assets that don't always move the same direction at the same time. For some fools. That's just as simple as keeping any money need the next five years in cash, so you're right out any ups and downs, and that can be fine. But I. do think it makes sense to have. A mix of investment so that right now, technology stocks are doing very well, and we hope that continues to do well, but we remember was that happened in two thousand from two thousand to two, and there were down for quite a while anyone who retired in one, thousand, nine, hundred nine, or so it was very happy to have some small caps value maybe a. A little international, some reits to ride out the storm Yeah I think we talk about that often like recognizing where you are as an investor in life, are you in the grow your wealth stage, or are you in the protector stage, because they are two very different strategies, and we're all hopefully going to be in both of them at one point or another right? I personally and still on the grow your wealth stage I. Think we all probably are, but you will at some point get to where you need to focus on protecting the wealth that you've made so that you can then have that money to spend, and that definitely will dictate your investment strategy things that you're invested in and whatnot. Generally speaking I do like the idea for people who are just risk averse and have this notion that investing is just too risky. I mean the fact of the matter is not investing as far away greater risk like not investing. You will never grow your money if you don't the best, so if if if risk is a problem, I think generally speaking. Along the lines of diversification idea that that bros. talking about him, he just invest in invest in SNP index fund is something that just follows the progress and p. you know you're going to be participating in and if you look at that over the over the stretch of time, their five ten twenty thirty years, I mean that trend does go one way. It, but clearly the older you get, the more you need to start focusing on protecting your wealth, and that will change the way you view things. Right next question comes from Alex from Alexandria if I buy Muny bonds from another state in my IRA. Is it still taxable and Alexander with who we have a bond on and we do have a bunch. I know Alex up super excited about having a bunch on in Alexandria to I can't believe I haven't been there. It's like two miles from my house, but we still haven't been oh i. know because there's a global pandemic going on and we. saw. Alyx if we buy me bonds from another state in my IRA is still taxable. Bro, help him out or her or so Muny Barnes. People Invest Immunity bonds because they're free of federal taxes and in many cases. If you're buying bonds issued by the place you live, they might be free of state and local taxes, so that can be doubly triply tax free. That's why people buy 'em. There are some times, however that if you own immune, abound outside of an IRA. Pay Taxes and this surprises some people. There's something called the minimum tax. If you buy immunity bond at a discount, and then it matures at par. If you buy a distress, Muny bond for like you put an eight thousand dollars, and you sell it later for ten thousand dollars as a capital gain. You'll be taxed on that. So, there are some times when you would pay taxes on media. Now, Alex is asking what if it's an IRA? Do I have to worry about paying tax interest. If it comes from another state and the answer is no, you won't have to worry about that. The only thing I would say is. Generally speaking immune bond already has built in tax advantages, so you wouldn't keep it in an IRA, unless there's the example of the stuff I was saying previously like for. It's one of those exceptions when him UNIBOND would result in taxes than you might WanNa keep it an IRA, but generally speaking. If you're going to buy Muny Bond, keep it out of an IRA. Next question comes from Boone. I just did my first. Roth conversion and looked at that old account for the first time in. There was the expected dividend producing fund I remembered, but there was a stock chesapeake energy that I had completely forgotten about since I purchased the stock in two thousand, six fifteen. It's down way down like eight point five percent off the purchase price. What should I do with it now? It's in a tax deferred accounts so I. Don't think the loss is realized until I. Start to pull money out of the account and that might not. Not Be for fifteen years current value of all my shares will be about one percent of the value of the account after the conversion. Do I sell in the very little value? I had left and depend on E. Trade to keep up with lost for me or should I hold on based on the slim chance. The stock will be worth more in the next ten years. Oil Stocks do act unusually on occasion, only oil stocks. Stock everything else makes that usually. Chesapeake has been really. Interesting Story to follow and frankly. I don't I. Don't know that I would look at it today. As a business that I'd WANNA own so typically if I. You know I think it was yet idea. Didn't sound like a position are actively building united investment didn't work out. I mean that that happens to all of us. We don't get them all right. We have a philosophy here at the full. A lot of do we like to? Water flowers and pull the weeds, and that's just a nice way of saying. Add to our winners in to get rid of losers in. This I think is more than likely slated to continue being a loser I mean. Chesapeake has lost a lot of value. In it does sound like based on when you purchased this, these is absolutely busted I mean. There there are all sorts of reasons to sell one of them is if you thesis busted and the reason why you invest in the company is is no longer the case, and I would he probably is the case with Chesapeake so to me like you know, you could sit there and let it go, but but what's the goal trying to get back to even, or are you trying to get back a couple of bucks for me a lot of times? I'll I'll take a little opportunity here and there to just go ahead and pull those weeds sell it. Be Done with it. In even though it's just unique out a little bit value there, you can still take that money and do something more productive with it. So. Yeah T to me. I can't tell you to buy or sell obviously, but I can certainly understand. Selling in this case, but I you know. As as oil and natural gas energy can can turn around. This is going to be one that has a lot of headwinds in in. You might be waiting a very long time to to get any of this money back. I point out here that I it seems that maybe boone has a slight misunderstanding of how taxes in aries work because he talked about realizing the loss when he takes the money out and trade keeping track of the loss for him, it sounds to me that he thinks that he can write the loss off whence he takes the money out. That may not be the case, but just to be clear. One of the great benefits of an IRA is you don't pay taxes on the gains, interest and dividends from year to year. But. One of the drawbacks is. You can't take a capital loss on that as well so there's really no no way to benefit on your tax return from this loss. Next question comes from Benjamin. You recommend seeing a fee. Only financial adviser for check in every so often I know there is the Garrett planning network and others to help find an advisor. But what questions do you ask? And what answers do you listen for when trying to find one that is worth his or her one hundred fifty to two hundred fifty per hour. So I would say start first with asking yourself some questions. What are you looking for? You could go for the whole launch. Lada where someone is managing your money analyzing retirement plan helping new save and a five twenty nine. Maybe even doing your taxes with some financial planners do help with the state planning, or are you looking for something more targeted? You just want advice about am I saving enough for retirement, or are you close to retirement? You're like I just WanNa make sure that I'm doing right when terms like choosing my Medicare plan and claiming social security at the right time, so first of all just be very clear of what you're looking for. Then if it involves investments in any way, you WanNa, make sure that you find someone who is at least in the general same area philosophically and I say this, because many financial planners are hardcore index. And if you come to them as a motley fool, listener member with a lot of individual stocks. They may say okay. I'll give you some general asset allocation guidance, or they'll say I don't care if you like to pick. Stocks are not my advises, sell the stocks and go to index funds, so you want to make sure that if you're gonNA, ask for any sort of investment. Advice that you wanna find someone who's someone somewhat at least aligned for what you're looking for. Once, you've got that then. Just asked some of the typical stuff. You might expect so credentials certified financial planner. Are they a CPA either their personal financial specialist. How long they've been in the business. There are lots of people who. have not been in the business very long. Even though they're not young people, a lot of people choose financial planning as a second career, which I think is great, but just because someone may be look like they're in their forties or fifties. Sixties doesn't mean they've been in the business that long, and you WANNA. See if they've worked with someone like you right so if you have. Maybe. You have a large amount of wealth large income huge portfolio. You WanNa make sure that they have experienced with dealing with those issues, but on the flip side to if if you have, are you know middle income, decent size portfolio, but nothing too complicated. You don't WanNa. Go to someone who's used to dealing with someone who's wealthier partially because those people charge a lot more. You want to find someone who's kind of a little more lined up with what you're doing. Then make appointments with three folks. All of them will do get do free. Get acquainted means, and you're just looking for someone who you feel comfortable with. Since, you mentioned Garrett Big Fan of the Gary Planning Network and other is is not for the National Association of Personal Financial Advisers. But Garrett on their website has a how to choose an adviser section. Just Google attitude visor Garrett Planet Network has a great chapter from a dummies book that they wrote about how to choose adviser, and they have a good questionnaire that you can print out in US asking lots of good questions of financial planner. It's tough. Choosing a financial planner like my mom just went through that Bro! Is You know and she didn't really have a lot of options in Boise Idaho. Maybe two and one of them, she I never called her back, and never got back her, and the other one was just so busy just so busy, and just she just never. It's it can be rough. Finding a financial planner can be I. Think what we'll see is one of the consequences of this. Of the coronavirus pandemic. Just, like we are all used to working from home, many financial advisors and financial planners an now working from home. So in what they're doing is they're becoming licensed in more states. So, if you are more comfortable, working with someone over zoom remotely I think you don't have to stick with someone in your area. You can go beyond your locations, but you know some people don't feel comfortable that if if they're going to have someone managing their life savings, they want to be able to meet them in person. That's just a personal choice. All right next question comes from twitter. Is that right from sully what I hear? Okay? I just listened to the episode mentioning Your Weakness Two. Shopping carts and Tj, Maxx that me or you Jason. Accused me. Thoughts on the stock. If I had a war on Amazon, basket would be Costco TJ maxx Home Depot tractor supply. What would be your basket against online retail? That's funny. Well okay, listen I wouldn't have basket against online retail, because online retails where it's at. The whole idea. The whole idea behind the basket approaches to find a long term trend that you feel like the world is headed toward and so the war on cash basket, for example that was always one about people using cash war, traffic payments now with that said I get the spirit of the question some going to answer it because I do like some of these ideas. And I I would definitely include Costco in their in Home Depot's well. Home Depot gets a lot of my money. Doesn't, but they have a very loyal fan base of customers that just are happy to renew year in year out. So I love those membership models there, so costco and a Home Depot for sure you know I'm going to give a little shout at my wife Robin I. Know that she would approve of my adding target to the mixer. She hasn't been raving about targets APP and ordering on the APP the able to go to the store. Just pick it up right there I've talked with Ron Gross on more than one occasion about target and how this really has. Become a twenty first century resale right they're doing. They're doing everything online and in physical stores. What they call Alma Channel and then my fourth and I'm GONNA. Take this. You probably aren't expecting this when Alison. I'm GonNa Shock and all you. I'm ready. I'm ready Alta. We're going. Make up my I know my daughter's love. It ugly ugly Mug like this. What do I know about makeup? Tell you what. Get! A House with two daughters and a wife. That's what I know about make. There's a lot of it in an Ulta is a really really good business. They actually have a very nice diversified revenue stream. They've got the salon a`dynamic of the business which encourages people to go there they do have an online business. They have an augmented reality function there at where you can actually like. Try things on makeup to see how it looks. Mary Dillon just a phenomenal other adults of that's my fourth, their Ulta but they I appreciate the spirit of the question I like the idea I'm not saying this is the basket. I'm not tracking this basket in a not a not backing this basket, but in the spirit of the question if I had to develop. A basket, such as this one I think it'd go with those four. Yeah, I mean I guess you just have to think about what retail out there is something that you would still physically go to. Because the actual retail experience is being in the space is the experience and what you're there for? And I know I mean before Corona virus we I would go to target and just just couldn't believe how much money I had spent from walking through a few of the aisles. TJ Max is just a phenomenal business I mean what they've done through the years. Is really capitalized on the nature of the business, the advantage they have in that treasure hunt kind of nature like you go to TJ Max, maybe not necessarily looking for something, and then you end up finding a lot of things, and it can be a little bit lumping at times, but but generally speaking like management's a very good job of running that business, and they know how to exploit the advantage of experience. I think they're online game. Though I think they could probably get something going with online, and they just have not have not yet and so I. Haven't since Corona Virus for example. I haven't spent a single dollar there, but I continue to still shop at. Home Depot I. Think Yeah! We still shopping at home depot because we're doing. You know you gotta buy lumber somewhere. And I know my grandparents out in my my inlaws out in rural Virginia. They love tractor supply store, but that's not. That's not in where we live, but. Still New deck at the house there allison. I mean you, can you see? A big exposed beam behind me and some drywall work that needs to happen. Have lots of drywall work that needs to happen now though. Yeah Anyway get to that. All right next question comes from Matthew. I got married to my amazing wife nine days ago in a small Kobe nineteen wedding in our front yard after we postponed it from its original date in April all. It was definitely different, but still very special. My question is in relation to this wonderful event. My salary has been at a level that has allowed me to fund a roth. Ira I love the optionality of it, but after marrying my bad ass, wife are combined. Salaries are now over the limit that would allow me to fund the Roth. IRA does this affect occur immediately? Do I need to now open up a traditional. IRA and begin funding it or do I have until the end of the year. Matthew wants a Roth Bachelor party one last. Well Matthew I have bad news. When it comes to most things in taxes, your status and your age and things like that depends on where you are on the last day of the year, said if you're married on the last day of the year, you were considered married for the whole year. So that means if you contributed started contributing to a Roth IRA for twenty twenty. You need to call up your brokerage. Firm and re characterize that as a traditional. Now don't have any other traditional IRA, as it's very easy to do the back door, Ross which we've talked about before you can just google it or even when you call the brokerage, just say I want to do the backdoor. Roth and they'll tell you what to do. If, you have other traditional IRA as you can still do. It just becomes more complicated and you'll probably pay more taxes. So you, but you may not be totally out of luck and I should say that's only if you have a traditional IRA doesn't matter if your wife has traditional areas. One exception by the way of of what I just said. In terms of tax status and last day of the year is distributions from retirement accounts before it's age fifty nine and a half, you actually have to be age fifty nine and a half to avoid that ten percent early distribution penalty, unless some of the many exceptions that are out there exist. Right next question comes from Warren Warren Buffett. Maybe I don't know that's why I was thinking. He's asking about coq, so maybe maybe. Once James Opinion on coke. By? Or hold? Wants to now. I'd give buffet night give. Kiesel Warren of the same advice and I would say. For some I'm not buying it. Not Buying it I'm not holding it if I own it. I guess that means sell it. Even Atlanta Georgia person like you i. feel like it's almost sacrilege. I am pretty close to probably not being ever even invited back. But the facts are the facts. Okay, I mean you do have to look at the stock itself has been ain't bad stockton for the last five years. I mean I do understand why when you look at it what they do, I mean they have. Four hundred master brands, and less than fifty percent of them are the big global brands that are actually responsible for almost all of their revenue when I say almost only ninety eight percent, so it's a business. It's very reliant on on. You know a small portfolio of really successful grants. The problem is now. We've always talked about cocoa beans such a great distribution story and that's true. They've got a distribution network. It's just phenomenal, but the problem is now. They're what they're distributing is is being seen as not so good for you in so you're seeing them. Have it into to essentially pivot away from what you know brought them all of the success for all these years. Years in soda and that that's not going to change I. Mean you're always GonNa have people to drink soda? People are not to drinking as much soda going forward in the numbers of just kind of the kind of shown that through that through the quarters in the years of Coca, Cola and Pepsi Pepsi. Has the salty snacks division, which I've always been very. Impressed by I, mean I love a good Cheeto, and so I mean anytime you can throw a bag of those cheetos in my Patriot Amok GonNa, turn it their coq. Interrupting, but I think this is also very important point. You tried the Jalapeno White Cheddar crunchy cheetos. The White Shit or so. I've tried to Jalapeno ones but I've not seen the white Cheddar White Cheddar Jalapeno crunchy cheetos. Don't get the puffy. The poofy ones are not as good, but the crunchy white Cheddar Jalapeno Cheetahs. them by them. They're amazing. I have to back. Pain you. I'll get those next time. I promise I, mean Eh. One. crunchy wants the puffy ones, so that people won't you're not? You're not seeing poopie. Who using poofy Joe Copy? We'll be Coca doesn't have that dynamic of their business. They don't have that dynamic to their business, and they've suffered from that Pepsi's Pepsi's outperform coca-cola over the last several years. It's not safe. Pepsi or coke get it back. I'm sure they probably can. But what I am saying is I think there are a lot of better ideas out there, and so I wouldn't be putting new money into Coca Cola and frankly if I did own it. I probably would look at selling it and you know if you've got a beverage company, maybe own starbucks. It seems like the science coming out in support of coffee, right? It's coming and telling you that these sodas. They're gonNA. Make you fat. Coffee, it could extend your life. It could help you live longer. SMART Mexican looking this a starbucks as well is. That sounds like study from the copy roasters of America. Do! Something that Chris Hill sent me the other day. that. We sleep at night. I'm glad I've been drinking coffee as long as I have God knows what I would look like otherwise. You're a good looking man. Rick. good-looking next question comes from. A. I'm trying to save money for my kid's College. Fund while the five nine is a great option. I'm limited to investing in mutual funds, which means at best I'm going to get what the market gets assuming I do some sort of low cost index fund and I be a capital F. Fool investor have been doing much better than the market in the last three years of being a member of. Of Stock Advisor Enroll breakers, even during this pandemic mess by listening to every full podcast and following David and Tom's and yours and every one else's in the full universe. My portfolio of about one hundred stocks is up here today. Thirty percent to the market's down five percent as of day as of today weighed down by three sluggish five to nine plants that are also down five percent each. I feel like throwing away money by using the five to nine, and not being allowed to select my own great companies in which to invest. What's more, my understanding is that the five to nine does not count as an asset for the kid when applying for student aid, but the coverdale does. So I come to you with a simple question. Can I have my cake and eat it, too? What if I wanted to use the coverdell to buy individual stocks? Until the child is nearing college? At which point I then converted to a five to nine. This allows me to get better returns and avoid it being an asset for financial aid and get the favorable tax benefit. So, chose this question, because first of all Dune does a good job explaining the benefits of the coverdell over the five twenty nine, you can buy individual stocks. You can buy and sell them all day long. We recommend that, but you can. Whereas with the five twenty nine, you can only make two changes to the investments a year, and it's all mutual funds. So. That's you did a good job of explaining that. I will point out with the coverdell. It's gotta low contribution limit of only two thousand dollars a year, so for some people save more for college, but they can max out to cover it out, but then put the rest in a five twenty nine. One thing that doomed does not have quite right. Is The financial aid treatment the financial aid treatment? Coverdale's and five twenty nine is identical. They're treated as assets of the parent, not the kid that is favourable from a financial aid perspective. It's not negligible doesn't mean it doesn't have any effect on financial aid, but it's better than an asset that is owned. By the kid. He can. Transfer money from the Coverdell to the five twenty nine. If for some reason, he decides to do that, but you can't transfer it. The other way around so were convinced to try out the covered. You have money in a five twenty nine. You can't move it from the five twenty nine. To the coverdale. What other interesting thing that he pointed out is that he is doing very well with his investments, and he owns about one hundred stocks. We get this question a lot. Either on the show, or on the full live that we run every day for members of full services, and that is how many stocks should I own, and if I owned too many are not just owning index fund watering down my returns, but here's an example if someone owns a one hundred stocks is still crushing the market. Idol last question comes from Cameron thoughts on the valuation of Stone Co in light of the corona virus for a fragile country like Brazil. This could be the tipping point after so many other headwinds. But how does that affect stone? coz Business Jason I. Don't even know what Stone Co is. What is still business? Yes, don't Coz a payments company that's focused on Latin American markets in Brazil and particular in so I guess it could be. Draw you can draw a parallel to to a with square through pay pal at, but generally speaking I mean it's payments. Company focused on Latin America. Primarily Brazil. Is the big money making market kind of like Marco Libra, they're. In I, I, it's a it's. A NEAT opportunity, gained a lot of headline recently, when and it was, it was seen that Berkshire hathaway. Warren Buffett's company Berkshire hathaway taken a five percent position in the company, which is pretty considerable i. Think in the near term. You have to acknowledge the fact that. They're gonNA, be some real headwinds in in Brazil particularly because of the pandemic I mean. The flip side of that is role in same boat kind of in that regard. The entire world is dealing with it, so it's not specifically you know it's. It's not particular to one economy or one country some. To get hit harder than others I, do feel like Brazil. Be at a place where they can recover from this given You know some of the other businesses in the area. I mean that that that I think is. Who knows ultimately how? That's GONNA shake, but generally speaking. I think the move away from cash towards cashless. Transactions in and financial software that's not stopping if anything, this hastens that which which is what I think, Cameron's talking about there and for a company like stone. Co, neither are other companies in the space pags bureau in roquetas libra to but you know moving money around is a big big market opportunity, and there's nothing that says they won't be able to expand well beyond the Latin American markets, too, so I I'd say cautiously optimistic I mean I
Ken Miles' Mustang Shelby GT350R
"Right, so we have all this auction stuff to kind of get to and some of the some of the. Surprises and some of the reductions and Ken Miles Mustang and there was a lambo four hundred that went and we can kinda talk about. Where we think the market is going. Maybe we should give you guys some ideas on some cars. If you want to invest in something I J B well. That's right. You'd be weld. Proud sponsor car cast their pox. He's used by pros and DIY and trusted for fifty years and get J. B. Weld Dot. COM and wherever wherever at home depot all that O'Reilly everywhere jv well. All right so. The in Miles Mustang your prediction with three million mind was a two six five. It blew me out of the water, and even even you at two eight five with the big. Three, eight five Oh. Sorry, yeah, three, three, eight five. Eight five, so, but now broke the record most expensive. Mustang ever the bullet which was recent. Was the most expensive to and yet, but I'm Kinda. Glad, the Ken Miles car beat the Bowling Kind of a made up car cool, but made up car and the other. Has. I don't know just just has some real. Not Movie History, but like actual history history street. Yeah, yeah, no, I agree the. History, it's. It's earned history I. Don't know well. Friend I just like the racing. First things first. A GT, three fifty eight of in an of itself. Sixty I think this car sixty six so. That car in and of itself is two hundred If you just want to stock one then. When you get to the GT, three fifty are yeah, at least before this, you are at five hundred grand, maybe six hundred grand, so that was Kinda the basic, because this is a GT. Three fifty are so yeah. The the base value of this car is about five or six hundred grand before you get into the test mule and the Ken Miles, and all that kind of stuff now. The Bullet Mustang the base price on that car seventeen five. Just get a Mustang. A Green Mustang and. PUT A ad suspension in the rear in a what a call that a torsion bar traction bar NERF BAR THE HELL! Is that stupid? WE LE-, bar in the back that they put on the back of the live. Really Lakewood SORTA traction bar. It's attraction bar and sometimes called a slapper Maybe that could be a little bit different design. Somebody in throw better than I like. You Know Holly Double Pumper on it and stuff like. All you could build that car. That's twenty grand worth a car. So who cares and then was in the movie, which is cool. That was a great chasing, and all that kind of stuff, but the Ken Miles cars, the I are and kind of the test meal and it was nice to see. Pete Brock involved with the digital video and talked about he's listed as one of the drivers for the car. The Mustang. So People Kinda. have. It is to Ken Miles Mustang, but a few other guys drove the car. Brock is is amongst them. Yeah, that's cool and one for ten dough I more than what we thought, but I think. It it earned the right amount of money. You Know I. Don't I don't think. In and look I I think the Ken. Miles car now should bring up. The GT three fifty ours. Yes, right? I, think fifties cool, but three fifty ours being what thirty four something made. You know why why isn't that a million dollar car? Yeah, well I think it is now and I also think. You if you are dry if you bought like the Shelby Museum. I've always said GT. Forties like undervalued cars because the. Ferrari. And some of the Ferrari. LOMAS STUFF P! Four hundred team trying to think of. The five whatever the PS were. This got too many designations, my head, but the point is this. The GTO's were always half the price less than half the price of those cars right and so. That Shelby Museum bought the GT forty that came in third place I think in. In the one two three finish car sold that at Monterey two years ago three years ago. You know they bought that thing for nine seven or or something like that? When you take a Mustang and bump the Mustang to four million bucks, yeah I'm sorry, but now the GT forty just got bumped up fourteen. You know like it got shoved up to. It's GonNa Push. It'll push the. Cobras with good history right it'll. It'll raise up the other just in general. The Mustang fastback. Even the street versions. K Code K Code. Ones think the code ones the HYPO yeah. Those are out and all. That stuff is just going up. Yeah, the the the shelby. Stuff, and I've noticed sixty eight, sixty nine. You know the ones we don't like quite as much. Those are popping up like. The, shelby, maybe it's the movie. Maybe it's the doc you know. Maybe it's the whatever the steeping process or something, but. That stuff is starting to pop up.
Dallas - Texas Reports More Than 100 Coronavirus Deaths In 1 Day For First Time
"Cases have been going up. One of the only encouraging signs we had was that deaths weren't also going up, but that also might be changing now. Yeah, definitely could be and death. Slag case counts so we'll have to keep monitoring that goes on, but yesterday for instance Texas more than one hundred deaths for the first time and the governor. There is now pleading with residents to wear a mask to. Having to shut the economy down which? Again Late to the Party and Florida, which is one of the worst outbreaks in the country, reported one hundred twenty deaths. Also a record high yet. We have a Republican Governor Rhonda Santa's still eager to open schools in the fall, likening it to things like fast food home. Depot and Wal Mart, being open which I don't know about your schooling, but I feel like when I go to home. Depot I'm not there for eight hours with a lot of other people in one cramped room. That's right. Yeah, and one quick update on schools and something that we talked about in yesterday's show so on Thursday, Robert Redfield of the CDC. CDC said that they're not going to revise their guidelines for school reopenings as had been suggested by the president, but rather give out more information to make sure that parents and communities can help decide so still a challenge will continue to keep track of all of
Levi's to lay off hundreds of workers as revenue plunges and losses grow
"Shares of Levi's down eight percent this morning. After second quarter, sales fell more than sixty percent. There's a lot going on with Levi's Andy including some layoffs will get to those. This is one of those situations where. The online sales just could not make up for the fact. That Levi's stores were closed for roughly ten weeks yet. Chris Online sales ECOMMERCE. Business was up twenty five percent, and the actually in May the the run rate them. The may growth was eighty percent year over year, so it was some really nice acceleration. This is a quarter by the way that captured March April and May for the most part all those months are really the heart of the of the Cova pandemic. But overall revenues fell sixty percent year over year during that quarter, most of their stores were closed. For Up to ten weeks at a time there, so like you said the e commerce sales just really couldn't make up for the for the lack of of the regular retail sales. Lots of just worries about what was happening leave. They entered the the year of actually doing doing pretty pretty well. They were pretty excited that they're they're. They're a CEO chipper talked about how the the beginning of the year looked pretty positive, but then obviously they committed pandemic, really hit them, and then they ran a net loss of three, hundred and sixty, four, million, most of that was two hundred and forty, two million, due to a restructuring inventory, costs and other costs tied directly to the pandemic, so the good news is now that most of their stores North Ninety percent are. Are Now back open. However, one of the things that has many of us worried is just that the resurgence of some of the cases, the covid nineteen cases were seen around the country in the US cases spike gene on a per day level has them has leave is looking at up to forty of their stores and wondering how do we have to kind of re shut those down for the time? Being similar to what apple is, so? They suspended their share repurchase. They did pay a dividend, but they they. They are not going to pay that in the third quarter. And so, and they suspended their guidance for the year so. Tough Times leave is and other retailers Chris that came public about a year ago little over a year ago. They raised. Their money at seven dollars stock price and had a really nice day. ONE JUMP UP TO I! Think as high as twenty three, and now the stocks back down to thirteen, so we're really tough ride for Levi shareholders over the past year. And laying off somewhere in the neighborhood of fifteen percent of corporate positions, so that's one more cost saving measures. They're. They're trying to pull in terms of levers. twenty-five percent ecommerce jump, you know. Under normal circumstances that would be seen as really good, but we've seen plenty of other retailers. Come Out, andy and maybe their online sales don't make up for stores being closed, but they come a lot closer. We've seen any number of retailers, not just the the big ones like target and Walmart, but smaller niche players whether ECOMMERCE is in some cases doubling so I mean that's that's one thing that Levi's has to do an even better job of. Of over the next six to twelve months. Chris you got that right, so it's fifteen percent of their sales that's up from five percent last year, but only five percent so five percent was really ECOMMERCE, so so unlike I think so many the other companies you mentioned Walmart for example with what Doug Macmillan's been doing and target and Home Depot, and so many of these companies that are making these big investments in in the in the Omni Channel. Efforts to be able to sell directly to consumers through their channels online as well as retail whatever strategy it may be leave is obviously has a lot of work to do, and they're. They're talking all the right language now, but you know I think there's some some some hesitations doubt there. I mean the Haas family is still largest shareholder in the Levi's. Shareholder base by far. Across their their family, the on large amounts of steak, so so they have a very stable shareholder base. Maybe wither the weather this storm, but on the margin It's you know the the cost reduction. Chris you mentioned from the seven hundred positions or fifteen percent of their workforce that maybe as a savings of one hundred million per year. That's about two percent of their annual cost structure, so so it's it's meaningful in the margin I. Think, but it's not like game changer. They're really. They gotta make sure. They have a new strategy for how to sell her
Major Retailers Ask States to Mandate Face Masks
"Retail Industry Leaders Association, which represents target Home Depot, another major change is asking all 50 governors to make masks mandatory nationwide. They say different rules around the country have made it confusing for shoppers often lead to conflict between customers and workers trying to enforce store rules. Right Right now, now, fewer fewer than than half half of of US US states states require require face face mass mass in in public. public. Is Is what what they they said. said. This This is is the the retail retail industry industry Leaders Leaders Association Association retailers retailers are are alarmed alarmed with with the the instances instances of of hostility hostility and violence. Frontline employees are experiencing by vocal minority of customers ran a poll yesterday. Majority of you either wear a mask or think of mandate is coming. That's a majority of you listening. We also spoke with a psychologist on why some people are so against masks and at the root of it is politics. Government controlled a right thing. It shouldn't be because this is not that this is a public health issue. CDC. The Mayo Clinic are telling you to wear masks, and pretty soon you're governor will be too
Retailers to governors: Please mandate face mask wearing
"Major retailers pushed the nation's governors to mandate mask wearing for customers in stores the retail industry leaders association which represents target home depot Best Buy gap and other major chains says different rules around the country have made it confusing for shoppers sometimes leading to conflicts caught on video with workers trying to enforce mask where the problem is when there is an absence of clarity around with the obligations are for everybody that comes directly from the governor's themselves we need to check with clear rules Brian Dodge the association's president has sent a letter to the national governors association asking them to require facemasks Julie Walker New York
Major retailers urge governors to mandate mask-wearing
"Appealing to governors to issue mask orders. Retail Industry Leaders Association, which represents Target Home Depot, another major chains, says different rules around the country have made it confusing for shoppers. And often lead to conflict between customers and workers trying to enforce door rules. Videos on social media have shown shopper's getting angry when employees asked them to wear a mask. L understand yesterday to the National Governors Association is asking to acquire face mask wearing nationwide in their stores here than half the states were choirmaster public, according to the organization. Julie
Retailers to governors: Please mandate face mask wearing
"Some of the biggest retailers like target home depot and others wanted to be mandatory across the country to wear mask in their stores it's a viral videos on social media showing shoppers getting angry with employees and with each other over being asked to wear a mask that has the retail industry leaders association asking governors to make it mandatory the association's president Brian Dodge says retailers are alarmed with the instances of hostility and violence frontline employees are experiencing but a vocal minority of customers he sent a letter yesterday to the national governors association asking to make it mandatory Julie Walker New York
Retailers to governors: Please mandate face mask wearing
"Retailers have a message for state governors please make everyone wear a face mask the retail industry leaders association which represents target home depot and other major chains says different rules around the country have made it confusing for shoppers and often lead to conflict between customers and workers trying to enforce store rules videos on social media showing shoppers getting angry when employees ask them to wear masks a letter sent yesterday to the national governors association is asking to acquire face mask wearing nationwide in their stores fewer than half the states require massive public according to the organization the CDC recommends people cover their mouth and nose when shopping to help reduce the spread of the corona virus Julie Walker New York
Dallas - Irving Officer Injured While Confronting Stolen Vehicle Suspect At Home Depot
"Their second officer involved shooting of the Independence Day weekend. Yesterday, An officer shot a man in the parking lot of a Home depot where he was trying to arrest a man driving a stolen car. Fearing for his life, the officer shot the suspect who use the stolen car to pin the officer between two vehicles. Both officer and suspect were treated for non lethal wounds. Saturday, Irving Police killed a shooting suspect in a gun battle near the man's home where his wife was found shot. Her wounds were nonlethal. Seven No. Eight the
How to Be a Vision-Driven Leader with Michael Hyatt
"I was in the coaching conversation with the business owner, the other day and we were walking through some of the powerful questions that every business leader should be answering questions one was. Why do you exist as a business? And they had the answer that question question to? What you stand for as a business, and they were able to answer that question as well and then the third question I asked him was wear. Is Your Business going and I'll never forget? They looked at me and they said I don't know. From the Ramsey network is the entree viewership podcast where we help business leaders themselves, their teams, and their profits I'm your host Alex Judd and the answer to that question of where are we going is found in your organization's vision and today we talked to someone who's both a practitioner and teacher on this topic of clarifying and executing on a crystal clear vision today. We're talking with Michael Hyatt and Michael. Hyatt has had a lot of success in the arena of vision and growth with the company that is currently running. It's a lesson that he actually learned from a failure when he tried to start his first publishing house at thirty one years old. We started back in nineteen, eighty six, and we had the good fortune of publishing oral hershiser's biography. Now he was the themed Pitcher of the dodgers, and they had just won the world series. He was a household name. Everybody'd heard of him. The book rocketed to the top of the New York Times bestseller list and it was there for seven months. And so it brought in a ton of cash a lot of notoriety and thinks that happens. Is you become successful as you start attracting a lot of opportunities, but if you're not careful, opportunities or distraction, show up on your doorstep, and you can't tell the difference between opportunities and distractions so distractions masquerades opportunities, so it happened us, so we decided you know we were bulletproof. In everything we touched turned to gold, so we thought we'll publish. Reference Books will publish. Gift books will publish children's books. We've been published a large Bible project. The problem was it fractured our focus it. Our resources and that business went bust. And, the reason it happened was because we didn't have a vision that we're starting with. It would be akin to deciding. You're going to add an addition onto your house. And as long as the Home Depot truck shows up and keeps unloading lumber and sheet rock, and you just keep building adding on, and that's exactly what we did. There was no blueprint. There was no plan and we failed for lack of vision, which is exactly interestingly what the book of proverbs says that without vision the people perish. That is so fascinating and I think it's one of those things that. That in leadership, courses and classes and books. We read about it all the time. You have to have a vision. If you're going to be leader, but so often, it seems like they dismissed. Thing that no one knows what it actually is, so can you? Can you set the record straight right now? When you say you need to have a vision as a leader? What are you actually talking about? Not. Talking about is a vision statement. You know we've been told that we need to have this short. Brief almo, slogan or motto that we could put on a coffee Mug or that. We had put on a bumper sticker. Can't. That's not robust enough so when I talk about vision. I'm talking about a vision script, and specifically I mean at this way. It's a written document. That's three to five pages in length. Okay, so it's going to be more robust and pithy thing but something. That's really thoughtful. The describes a future state. It outlines a clear, inspiring, practical and attractive picture of your organization's, future. Here's it's fun. It describes reality as you see it. Three to five years from now. And it's written in the present tense as though it's already happened. Now when you begin to do that, will you begin to visualize something like that? Right in the present tense? That's the first process of creating anything. And I basically learned this process the big idea from Stephen, Covey who said begin with the end in mind. And so to start a business or even a department, that's a part of a large organization without a vision. Is kind of a fool's errand. Leadership leadership presupposes that you know where you're going. You're going somewhere. You know where you're going. But if you don't know where you're going, right, how can you lead anybody there? Yeah. It's gotTa start. With vision. You jumped into this four terms already clear, inspiring, practical and attractive. I want us to jump into kind of the tactical of what those words look like. You're just a bit, but I love the fact that you say that this is robust, so it's not a pithy statement is catching that vision. Is that something that comes from? Is it a skill that can be developed, is it? A wiring is a gifting as A. A personality trait because sometimes we call people visionary, and it just makes it seem like okay well. They're visionary, which means if I'm not a visionary than I can't do right. That's a lot of people. Give up before they start because they think of somebody like Steve Jobs. That's right, you know. He could stand up and not only hold the stage, but I mean he. Had you totally into that reality distortion zone. Actually vision you know. His wife famously said at his memorial service that Steve Not only saw reality clearly, but he saw what reality lacked. And why it was imperative to bridge that gap between what he saw, and what could be so every other cell manufacturer saw that the market was saturated that every cell phone that could possibly be invented had been invented besieged, said Nope I got a different idea, and it was the iphone. As we know it today,
Should Social Media Companies Honor the First Amendment?
"Hi everybody I'm John Van and moderator intelligence squared US debates and in this episode. We're going to be revisiting a debate on a topic. That's been in your headlines quite a bit recently. We're going to be looking at how social media platforms should be deciding what content you can or cannot post online. We're seeing twitter and facebook taking decidedly different approaches to this question. Twitter recently flagged a tweet from President trump where he said that mail-in ballots would be enabling voter fraud. The president responded to being flagged with a brand new executive order that would strip social media companies of their protections from liability for anything that users post. FACEBOOK is a different story. FACEBOOK has maintained that with the exception of some specific dangers. Free speech must be respected Mark Zuckerberg said we should enable as much expression as possible that said facebook has taken down some of trump's campaign ads that featured a Nazi symbol and has allowed users to opt out of political ads. Well with all of this going on, what does it mean for the future of your news feed and Where should social media companies draw the line on possibly false or offensive or hateful user content? Two thousand, nineteen, we brought four very strong debaters to the stage to argue those questions. We had a debate, so let's hear it. Congress shall make no law abridging the freedom of speech, so says the US Constitution, but what about facebook or twitter or any social media platform, those companies face no constraints on setting limits on what people can say platforms. It is after all their ballgame. They own the space, but should they be limiting speech when it is so offensive, sometimes and morally threatening that a crosses the line into what we call. Hey, speech same for information that is false pretending to be true. What some call fake news would doing so turn these companies into censorship? Where tree expression is put at serious risk, or perhaps should these same companies take a page from the First Amendment and encourage speech to run as far as it wants to? Well, we all this has the makings of a debate, so let's have it. Yes, or no to this statement. Constitutional free speech principles can save social media companies from themselves. John Donvan is Stan between two teams of two experts in this. This topic who will argue for and against this resolution as always our debate will go in three rounds, and then our audience here at the National Constitution Center in Philadelphia will choose the winner, and if all goes well, civil discourse will also win our resolution one more time. Constitutional free speech principles can save social media companies from themselves. Let's meet the team arguing for the resolution, please I welcome David French. David welcome to intelligence squared. You are a senior writer for the National Review Your Attorney. Sometimes you say you're recovering attorney, your free speech advocate. You're a veteran of operation. Iraqi Freedom you have a New York Times bestselling book out and another one called the great American divorce coming out this year after year long career in law and your love the first. Amendment, the fact that we are at the National Constitution Center a shrine to the Constitution does being here. Give you chills. Debate gives me chills because it reminds me of two dates. Seventeen, eighty-nine, nine, the date, the constitution was ratified in seventeen, ninety eight, the date that the founding generation passed the alien and sedition acts indicating that debates about free speech have been alive as long as our Constitution has been a lie and are still with us as we're going to be debating tonight listening again David French. and. You have a partner arguing this with you. Please welcome losing in Korean mcsherry. Thanks so much for joining us I Q to You are the legal director at the Electronic Frontier Foundation. Is a nonprofit that defends civil liberties in the Digital World Karen. You have said that some of your favorite cases involved defending political expression. Do you have a particular? Can share. It's hard to choose so I'll just tell you about a recent case. That was particularly fun. And that involves a situation where a group of activists took to the streets of Washington DC and Philadelphia and New York, handing out spoof copies of the Washington Post in which the headline announced that trump had last resigned. It was lots of fun. They got lots of attention to Washington. Post also paid attention and was not happy, so they received illegal threat. They called us. We intervened, and we explained to the Washington Post what they should already know. Which is that? That spoof was protected by the First Amendment. Wash depot should know that they realized it. They backed down. We called it a win.
"home depot" Discussed on Snacks Daily
"This is John this is snacks. Daily is Wednesday November twentieth. We're bringing the best one. Yeah this is the best snacks daily we have ever done. Jack can you hit me with three. We got three stories the first the housing market is up. The Home Depot stock is down looking at how they botched like a diy. I Y situation with their own e commerce shouldn't do do it yourself website building on the second story. Jack what are we got. Microsoft suddenly mentioned that it's slack competitor peddler which is called teams. That is way bigger than slack. Turns out there's an incumbent advantage were jumping into this thing snack style third and final stories the Unicorn of the day worby Parker you probably heard it the war of war. It's actually the Unicorn of UNICORNS and Worby Parker just launched. Its second product not glasses. They're calling it scout and their contact contact. Lenses are snappers before we jump into all that we gotta talk for a second. Here you maybe know. The Winkle Voss Wins Ak the winkle yes you probably saw them in the social -ocial network these are the two giant rowers who Kinda got ripped off by Mark Zuckerberg them together. They're like the size of a tall bill. These two are thoroughbred they tell on you. They win best in show at the Westminster dog absolutely well. It turns out in the time since they've gotten over their like facebook drama. They've been running a cryptocurrency. It's called Gemini. The terms out Gemini just made its first acquisition. It turns out that Jim and I didn't just make its first acquisition. It made a very unique acquisition. You can't make this up. We couldn't wait to share this with I company that the winkle Voss twins acquired has co-founders that are also twins. We couldn't make this up. The sounds like an onion headline this is a company run by twins acquiring another company owned by twin. We're just GONNA leave it there later. Let's Daily.
"home depot" Discussed on Friendshipping!
"And I and I am not one of those people like soda Acas, hocus pocus, because like fucking, everything is, you know, it's like I people, you know, identify f j or they hustle puff or whatever. Because it helps us understand ourselves better. And I don't ever wanna make fun of that even when it's something really fucking stupid like being right. Like, I think that when we identify parts of our personality in tropes, and stuff like that. I don't think that's a bad thing. I think that's just like us really deeply wanting to be understood. Yeah, I have. I have a lot of thoughts about this that I can't get into because. I'm sober. But you know, it takes me know it's good. Still technically in, in the word. Right. Right. Right. But yeah, I have I definitely have thoughts about how like people that in my life, that I know use religion to organize their life in a chaotic world. And I think this is just another lighter version of, like, how do I how do I make sense? How do I organize how I live my life or how, I think based on the mess of my mind? Right, right. I refuse to make fun of anybody who is trying to find meaning in this chaos in any way that they do it that said, I might still meet them on Twitter. Oh. Yeah. I wanna talk about my favorite part of the movie. Can I do that? Yeah. Please my favorite part of the movie of detective package was how absolutely certain trend was that he was going to do. Oh, I would say train was resigned to the fact I would be, I would say, trend, walked him this movie being like, well, how long till Pika chewed is. Yes. At one point, he like it was like ten minutes in the movie, and he like jumps or something or like has to run away from something. And under her breath, not to anyone not to me, not to her partner just goes news. He's gonna die. Yeah. Yeah. Yeah. It's so true. So funny thought that because I thought he would get hurt or whatever it has that moment. No. I certainly would be fine you kept leaning over. Oh, god. So I was like, what, Jen keep saying to me during the movie because I was like, oh, he's gonna die cups. I keep saying this fucking awesome. This is awesome fucking, but you said that to every trailer that. Like the best part about going the movies with Jen was like I'd lean over to be like, oh, this looks fucking stupid, you know. And she's like that was so cool. I can't wait to see it and like I know I here's the thing knowing Jen, I know that at least at least half the time she was being for real, because ironman, too is one of your favorite movies. Yeah. So as Cloverfield. Yeah. I just live monster. Movie. Cloverfield is pretty cool. Actually, the first one. I liked the last one me. Yeah. Wait, wait, the space one, the one where it's mostly a lady in traffic by John Gaiman love that one. It was actually the second one. Okay. Is jerry. Oh my God. It's so good. The real monster was white men. Yeah. Yeah. Percents and also real monsters with real monsters. That's also. I fucking love monster movies, because they're like scary suspenseful movies. But that don't scare me because they're probably not real probably speaking of reality, don't know. I understand. Also in the pak-jae movie, you had a thought plaguing you start to finish. Oh, yeah, we're all their little Weena ses, same, same. Same question. Goes for the sonic sonic the hedgehog Tran's penis, you should put pants on. Yeah. No. I agree. Or tell us where the penises..
"home depot" Discussed on Friendshipping!
"I was like, I don't know. Just use Google maps, good luck. So anyway, this is my formal apology to the to the. I'm sure he was perfectly nice worker, who had to deal with me that morning, who was extremely helpful because I couldn't say the words I would never say the word beef to a man, I didn't know alone in the apartment. Hungover don't stress. I just couldn't. I was like, no I support every choice you've ever made. Thank you. Let's say you like the stuff that we're making in doing lately. Oh my God. What Jen yes I just tweeted about this plant shop. Chicago is going to be hosting a plant so up in June. And then another one in July. Oh, so your summers booked up. I am pruning, like a motherfucker. I am dip in these, these twigs and of fucking rooting powder. I'm taking my trash and putting the I have so many yogurt cups. Full will baby plants. All my, the second, I found out, they are doing this, I threw my phone across the room. I rushed into my office and I just started snipping living you would crazy. A book wild Sniffen snippets. Finance difference in your plans. Do the plant smell when you went to your room. Is it like oh, it's mostly plants in here, you know, but when it, it also depends on the plant, I've eleven Cyprus that I think I killed. And when you when you touch it, it's most lemony. Oh, which is nice and then some plants when I prune them, we'll just smell like really strong. Green smell so like a Hoya, I think smells like pretty strong plant that your cats are obsessed with, oh, the spider plant that makes them hallucigenic. Yeah. And you had to put it back. I so I only own two plants that are toxic to cats. And I keep them on a very, very high shelf that they cannot get to in the other plant up, there is this perfectly nontoxic very easy to grow loves bright, lights spider plant that they are hell bent on destroying an eating. And and you know sniffing because it's drugs. It's drug is cat drugs. And if I if they if they ever. Knew something that pleases me like to like an extremely pleased pleased me this day I should get you high, I shall give you the acid that you crave. And so I take snip of it. Triple sleaze father play. We have some drugs allow me to treat ball's father. They say like I. So Jim in your head, what does Matvey call you like long or friend mama, mama?.
"home depot" Discussed on TalkRadio 630 KHOW
"Home Depot, I heard you mentioned that you do not like plastic curved heat deflectors on heating vents. What's the reason? No, it's dangerous. No, she I events word. I have window coverings. Yeah. We talked about this a couple of weeks ago those curve deflectors, you know, that they're magnetized and they stick on your heat vents, and they blow the heat out of the room. Those are not those of kind of obviate the design of the heating system in the first place when we design a heating system, you'll notice that the heat fencer under the windows in the patio door. We we wash the warm air from the furnace over the cold, exterior surfaces, and that's intentional. That's where the heat losses from the house. And if you frustrate that by putting the plastic heat deflectors in then you blow the heat out into the middle of the room, and you have that cold surface, and it radiates heat from your body to the cold surface patio door window or wall, or whatever. Feel colder. And when you feel colder you tend to turn up the thermostat. So we want more even comfort and even temperatures around the rooms of your house. So I don't like those plastic deflectors, but you indicated an exception. The exception is if you have drapes down over the heat fence, and they balloon outward when the heat when the furnace runs, I you know, I understand you need deflectors in that case. But that's isolated case for the most part except for window, coverings, or drapes. I do not like the the plastic deflectors. They just th they cancel out and frustrate the original design of the heating system in terms of rain furnace filters. I.
"home depot" Discussed on MarketFoolery
"Our Twitter handle is at market foolery. And if you wanna drop us a question on either one of those platforms, please do so question from Ian. Grainger in Bristol, the one in England, not the one in Connecticut for you. Yes. Fan fans, Ian, Wright's what happens to an S and P five hundred ETF like V USA when it company leaves a new one joins. And he refers to the recent reports that tesla is being either as a potential addition to the S and P five hundred index so Enes asking does this update right away. Or is it the next quarter all of the two long? Didn't listen answer to that it happens right away? So you can turn off the radio. So actually. There have been the SNP changes a lot and found some commentary from senior members this appeal like Dr David Blitzer who listen two thousand fourteen was the managing director and the chairman of the index committee. So he's kind of in charge of the whole thing. They. They consider a lot of things when they're adding a company to the to the index, and it's not strictly the five hundred largest companies in the US. It's not that the company just kind of like, Home Depot management said. It's directionally. Correct. But it's inaccurate. Right. So I mean, the requirements to be in the SMP a certain size of four to five billion is usually the lower end of it has to have enough liquidity has to have a minimum of float of about fifty percent of the shares available for trading and have a short story about that. In just a second profitability balance sheet of part of an emerging industry that's becoming an important part of the market and so on. So what happens is the day before the new company comes in and replace a somebody who's going out either because they went bankrupt. They got purchased they've going private or they just dropped to be too small. Those are several reasons why company might go out. Indexes and ETF's index funds in ETF that are tracking the SMP tend to buy a lot of the new company, in fact, that the vast majority I looked at a couple of examples, for instance, Rollins the guys behind the organ man for control. A company happen to own shares of they were they joined on October first and the day the trading day before that was September twenty eighth twenty five point six million shares traded hands when the normal range is a million or less. Okay. So that's more. Yeah. So and Fortinet the same thing they joined on October eleventh on the tenth. They traded thirty three point four million shares when their ranges one to two and a half million on a normal day. So. So it happens right away. They don't they don't wait to the end of the quarter and. Getting back to the story about the minimum float, it's an actively managed index has a committee of members of from standard and Poor's figuring out who's going to be on why they should be added, and what companies should drop, but for instance, Blitzer related a interesting story in two thousand fourteen after Lehman filed for bankruptcy. AIG was being bailed out by the US treasury and the treasury bought like ninety percent of the shares. Okay. Well, that left only ten percent for the float. And they have the fifty percent rule, and they said, well what's going to happen? If we drop edgy from the index right in the middle of this horrible mess that the market is seeing and that's going to send a horrible signal. So they suspended that rule for edgy. And a few years later after the treasury had sold the shares back to the public in recovered. And and so the fifty percent rule came back into affect for them. You mentioned that one of the requirements. For addition the S and P five hundred is profitability. And I think that as much as anything is what people are watching with respect to tesla because it's not just profitability. It's the most recent five quarters. Yeah. There's that and also going concern. So they're not toured that Tesla's going to go out of business or bankrupt anytime soon, so but as far as I know is just rumors. I'm not sure what we're that stands. Before we wrap up just want to say, thank you to Stanley, not just for his service to our country..
"home depot" Discussed on MarketFoolery
"There were a bunch of cities on that list that I sort of looked at and thought well that makes sense to me, and I'll just sit like one one that was on the list of twenty right off the bat that I thought there's no way it's going. Be there was Los Angeles. And that's not a knock on Los Angeles. But I just thought well if their headquarters is in Seattle, I'm I don't see what the advantages are to putting another huge office on the west coast. There were there worse as you mentioned. Dallas was a city. I looked at it. And I thought well that would make sense Atlanta would make a lot of sense Chicago. Yeah. Many of those would make sense mammy. I'm not not quite so sure about. Newark New Jersey, but that's basically just outside as close to New York so near two or three in the running high crossed Miami off the list right off the bat because I thought Jeff Bezos is someone who is building a or having built for him a ten thousand year clock. I don't think someone who's building a ten thousand year clock is buying beach front property is putting Jarvis in Miami. No, what do you bought was a twenty three million dollar home in the DC area? Yeah. Let's move onto some earnings and Home Depot shares are down a little bit today. And I think you and I are both scratching our heads wondering why? Because this third quarter report for Home Depot, it was a strong quarter, and they raised revenue gyns for the full fiscal year. They raised revenue they've raised earnings guidance for the full fiscal they raised calms guidance for the full year. So real quick numbers. They got a five point one percent increase in revenue to about twenty six billion dollars. Just barely ahead of the streets. Estimates calms was four point eight with five point four percent in the US, which is nice and solid. Net. Income was up. Thirty two percent at two fifty one share that beats the streets guests of to twenty-six, quite handily. And then they raised sales calms guidance and diluted EPS growth. For the full for the rest of the year. One more quarter. And the shares are down what three percent or so. Yeah. And it's not like this style for for as as great as it is done over the last say ten years twenty eighteen has not been a great year for shares of Home Depot, no down two percent or something up up through last night before their earnings release. Maybe it had some has something to do with the housing market. I mean, we've had stories over and over September saw whereas the number five percents something like that drop in new home starts. And every and they'd revised downward August numbers. I do know that a good number of the analysts the first four for sure. And then a fifth one later on out of the dozen or so on the call talked about housing on the call and management was saying look is these were selling stuff and people. Blur moving up in in price points and in two newer products. And. And even in the bad areas like LA where it's really expensive to live their sales are growing. So whether it's higher housing prices driving people to improve their homes, or or I don't know. But they're they're models says, and they were they're very upfront are directionally, correct. But inaccurate model is telling us that sales are going to continue to grow. So we raised guidance. So depending on how granular investors wanna get with a retailer. Yes, we talk about revenue and earnings and that sort of things, but even when you go couple levels deeper with home depot's latest quarter, and you look at things like sales per square foot overall transactions the average ticket price. Yeah. All of those were up at Tikka was up three and a half percent. So I'm I'm wondering if at least some of the if not skepticism than some of the questions about Home Depot from these analysts were focused now. Not just on the individual consumers like people like you and me, but on the contractor side of the business because that's that's a healthy chunk of a home depot's business. I don't off the top of my head. No, what percentage that is. But I know it is a not insignificant chunk of their business. Now, I think that actually might be the larger part of their business, but they were saying contractors are growing their online businesses growing of what are they say forty?.
"home depot" Discussed on MarketFoolery
"I'm Chris sale with me in studio to explain everything. That's going on today is Jim Mueller. Yeah. Hey, Chris, we're going to get to Home Depot earnings. We're going to dip into the full mailbag. We will start with the big news of the day. And I think it's I don't think it's just big news in our neck of the woods. I think this is the big business news of the day. And that is Amazon officially announcing that it has selected New York City and northern Virginia. Specifically in northern Virginia. Crystal city for its to new offices. I personally will not be referred to them as headquarters if they just picked one city I and put fifty thousand employees, I'd say fine. That's that's your second headquarters, but I'm not going. It's like two two new large offices. And they also announced a. An operations base that they're opening in natural with about five thousand point good for national. No Seattle still remains the headquarters of Amazon. So yeah. Despite this whereas. Whereas. Long Island city in queens and crystal city just up the metro few stops mayor. So the Al why to? The earlier discussion was it'd be down in Austin or Dallas area right for the second one. Crystal city was pretty much chosen, and that would let Amazon have some exposure out in more conservative country and kind of balance their political leanings. But now they've got Seattle the the left coast. Right. And they've got the DC area northern Virginia, which is very all very liberal leaning and New York City again liberal leaning. So maybe they're tripling down on that. I don't know. You know, it's so now this process is over, and I think it would be worth are taking a minute or two to just sort of look back in and ask among other things. How do we think this went? And by the way, I I noticed on Twitter right before we started taping the phrase national landing was was trending on Twitter. And I thought well, what is that? And that's Amazon is apparently branding its location in northern Virginia as national landing. They're not even hearing renaming parts of the respectfully they're not here. And also, no one who lives in this area is gonna refer to it as national leading crystal city, and that's fine. There's nothing wrong with that. But now that we've gone through this whole process. What impressions are you left with? Because one impression I had when the whole thing started just about a year ago when they announced here are the twenty cities on our list. My first reaction then remains to this day, which was. That's way, too many cities when they when they came out and said we've we've come up with our finalists, and it's twenty cities. I looked at that list and thought I can cross at least five off immediately..
"home depot" Discussed on MarketFoolery
"The new policy will be limited to just cats and dogs, one per customer and the emotional support animals must be any carrier or on a leash at all times. So emotional support Turkey's that's not happening anymore on Southwest Airlines, try to take the controversial position and say, I would rather the emotional support Turkey than a dog that's not actually trained to be out in public, like the ones that have been biting people on airplanes. I'd rather have Turkey crapping on the seat. Next to me, look at someone with a pit bull and go. I wonder if that dogs gonna bite me. Have you been on a plane with a with an emotional support animal I on. I've been on planes with people who had dogs and small carriers before everybody could go, everybody. Thought to go on Amazon and get a fake service animal vest for their dog just so that they could get their dog on an airplane which is sort of what this is, what we're this come for. My actually my mom was in small with therapy dogs for a while. So I am a big fan of dogs that are like properly trained and go out and do work. But you know, the problem with the whole emotional support animal trend visit. Most of this was just people looking to get their pets on airplanes and kind of jenning up a reason to do it. Once we started seeing reports of, well, this is my emotional support iguana. Yeah. Like is it really is there like a lot of cuddling that's going on? I love having my dog in my lap. When I watch TV and I suppose I could say I need him on the airplane, but I really don't. I just be lying so I could get my dog on the airplane kudos to southwesterly interesting to see if other airlines follow suit on this. I mean, certainly they have to southwest is giving them cover to do so. Yeah, such thanks for being here. I'm about to go get another Turkey. So. Thank you for motion support for ingestion. Well, we'll see how the Turkey behaves. As always people on the program, maybe interest in stocks. They talk about on the motley fool may have formal recommendations for against. So no buyer yourself stocks based solely on what you hear that's going to do it for this addition of market for the show is mixed by Austin Morgan, pulling double duty this week. I'm Chris hill. Thanks for listening and we'll see you tomorrow..
"home depot" Discussed on MarketFoolery
"I'm just saying, let's move on more earn. We can listen to, you know, we don't doesn't work that way. No, it doesn't work that way. I saw the wrong deck at the investing thing shares of tapestry up. Twelve percent this morning. This is the parent company of coach doing neither do we need to tell people who tapestry as this came. I had forgotten that they were coached. It's recent. If I always like to remind people, it's the same way with booking holdings. We're book. It's like, remember we used to call them Priceline. Now there. Booking holdings, tapestry parent company of coached, Kate Spade, and Stuart Weitzman the company formerly known Justice coach, good fourth-quarter, decent for. Yeah, especially when cruddy had been sort of the norm. Right? So yes, although I do like probably you and probably other people when they did announce the name change where we're changing from coach tapestry. I did have more than a couple of chuckles at that and I may have possibly mocked them. I in retrospect, I think it's the right move. I just think it's the right move. It's a different business now as the problem in and it's so instead of just sort of managing coach and trying to find the trends there. And I guess a more limited, what's the word I'm looking for collection of items. Now you're trying to be a warehouse or a small warehouse of brands that all have to do that. And so there are some benefits to that. You can do sort of sort of like this quarter. You can have Kate Spade comps, you know, downers Kate Spade down three percent and coach up two percent. And so you know, things balance. Each other out at also means there's just more. More balls in the air that you're juggling. And so I think it was a good quarter. The margins look pretty good. Hopefully they can keep the the Kate Spade acquisition rolling along Stuart Weitzman looks like it's doing okay. I have to admit, I had no idea to Weizman even sold until I did a search, and you can see on the screen of my computer, the rest of you can't, but you know, it's an audio podcast. Yeah, that's, that's geez l. no, that's that's a different model, but she's in in this. If you go to the Stuart Weitzman homepage, you might have to shield the computer from your kids because it's a little bit racy for somebody who sell an eight hundred dollar suede boots. I was going to race. They're selling boots. Yeah, yeah, but it looks like a good quarter. So hopefully things continue to roll for them. Luxury items have been doing well, and you might say, how do you know that while I follow a few, you know, watchmakers like Movado has been doing while of late and other. So people who sell expensive stuff seem to be doing fairly well. I'm not gonna say whether that doesn't anything to do with tax policy like that. Well. But, but to that point, I think I think we've seen this not just what sort of luxury retailers, but even sort of discretionary income companies, and I put Dave and Buster's in that category, right? I think they're doing well. Well, I, I mean on balance over the last five years, I think they have, but they're also the ones that I look at that I think when the economy turns south and at some point it will turn south for enough people that I think the the luxury stocks are maybe the first to suffer. You stop buying Stuart Weitzman boots and you go to Dave and Buster's instead could only use stop going to Dave and Buster's to, oh, jeez, that's that would be a bummer because they see that right restaurants stocks in general, are are kind of suffering right now. So there's a funny thing going on in the economy where a lot of the luxury brands are doing pretty well. There's so much competition for low end retail, we've seen just bricks and mortar retailers getting killed. There's a whole bunch of reasons for that, but you know, kind of lower. Restaurants, chew. As we mentioned, you know, doing okay, but not great and stock suffering as a result. It's it's, it's tough out there businesses tough. Definitely not easy. Our final story I'm sort of tempted to break into applause here for Southwest Airlines because Southwest Airlines announced that it is revised its policy on emotional support animals.
"home depot" Discussed on MarketFoolery
"I would say I, I would say. You're probably okay if they keep going like this last week on the show, we talked about Zillow. We should also mention red fin which reported their second quarter results. Recently, red fin and had a similar suffered a similar fate. They did, although not quite as I mean, they put up good numbers Redfin skews more towards the luxury market of real estate. And it's it's a different business too. So red fin for those who don't know is Zillow, sort of like search and ads for the most part, right. Red fin is really operating a nationwide brokerage predicated on search, but then they're hook, they're real hook is that they are going to save you a bunch of money because they have they offer a lower commission so you can save six figures on the sell selling or buying a house. But. So they had like a thirty percent revenue increase for the quarter, you'd think that would be great. But red fin on like Salaam gonna say is fairly candid about what's going on in the business, and they said, listen, the market. The last few weeks has been bad. I think they said while we one okay week in three crummy weeks. Good for them for saying that, but the stock was down or early the day of the earnings. And I looked and I read the report and I thought, oh, that's not so bad. It was down. I don't know, five, six, seven percent. And then on Monday and that it had flopped like twenty two percent. Everyone freaked out at the end of the day. So I think that this has ramifications for both Zillow for some reason didn't mention this. I don't know if they didn't see it or they just thought maybe we won't talk about it as well as red fin. It's it's going to, I think it's going to be a problem for the near term on until at least we get some clarity right now. The Redfin has been talking. For a couple of quarters about house housing supply being really low, and they are having a tough time being agents the themselves. They know this a little bit better than maybe Zillow having a tough time helping people find houses to buy. And so they've kind of doubled down on costs or putting fewer agents are putting fewer customers per agent and so on. And so this is going to be a tough business for a while, at least until we see what happens with housing, their housing prices are high and markets like ours and some others. And I guess apparently shoppers have finally said, we're not paying that well, and is, as you said, I mean, the the quarter itself for Redmond was good, and if they had maybe not had a conference call at all, the stock wouldn't have taken the hit. But it's, you said Glenn Kelman who's the CEO. Wasn't really pulling any punches, and and just said, very matter of factly look, buyer demand is waning. It's just that simple. Yeah, and I have a lot of respect for them. I own the shares I've recommended them and part of the reason is they are not big on hype. They when they go into a new business, they've been buying homes, they started the business small. They said, we're gonna make it a full time business, but it's going to still say small. They don't make a whole bunch of pie in the sky. Total addressable market estimates that kind. I got out of the Zillow call that just make me cringe and say, you're just feel kind of you feel gross to me. I feel like I'm talking to a us Carlson car salesman here. I just don't trust the management Zillow. I don't trust what they're saying Redfin seems more trustworthy to me. Well, and and we talked about this last week and on the show. I think one of the things working against Zillow is they made that acquisition of mortgage lenders of America, their track record on acquisitions. Isn't great. So I think part of what we saw with the sell off was Zillow was. A similar reaction which is essentially we don't trust your ability to make acquisitions works. And the reason we don't trust it is because you haven't really done a great job of it to this point doesn't mean you can't in the future..
"home depot" Discussed on MarketFoolery
"I'm Chris hill with me in studio for the first time in a long time. Thank goodness. He's back set, Jason, good to see you. Hello, I I was thinking of doing the Lenny and squeaky the squeaky. Hello. But I didn't know if I could pull it off and if I could have anyone would recognize it. That's that's definitely skewing old for our audience. We've got. We've got some earnings. We've got retail. We've got real estate's. Let's start with Home Depot which had a rough spring, but that's real estate and retail rate. They're exactly summers looking good for Home Depot. Second quarter profits came in higher than expected. Overall sales just north of thirty billion dollars and their same store sales. Impressive. Yeah. And it's odd the the real estate market isn't so great. And so a lot of the home improvement, especially the smaller outfits seemed to to be a little bit more directly linked that market Home Depot just seems to be able to keep. Selling stuff in any climate, at least for the past few years, you got a comparable sales store figure something like up eight percent and the guidance for the full year is going to be like five point, three percent. That's pretty strong. A lot of companies aren't doing that right now and Home Depot Kors is big enough to actually take advantage of that. The other thing that I haven't heard the call yet that is probably still working really well for them. We've talked about this is the online sale. They're one of the, I won't say few, but they're one of the better retailers out there equipped nowadays to to do the internet and the app thing. In other words, order order stuff from Home Depot online, rather than going to Amazon. And I think part of that strength is that I believe not too long ago. They said that about forty or forty, six percent of their online sales were actually in store pickup, which to me makes sense. There's a lot of things you don't want to really wait for in the mail necessarily, but you don't really. Be wanna walk around the Home Depot picking out. So you make the order and then you show up a few hours later and just drop it in your car. It's a lot easier. So these are that's a really smart way for them to expand their business. And you know, another billion or so bucks a year and sales that helps well, and they've, I've done a little bit of online shopping with them and I can tell you just from my experience they've improved, they have worked to improve the online shopping experience just in terms of because they're so many things that they sell. So just in being able to more quickly help people like me, whittled down the choices and find what you're actually looking for. I think I'm actually going to make an online purchase from them and the next week or so. I need a small band saw and like getting in-store seems like a pain. It's kinda heavy and not sure exactly which I need a separate blade for it. I can take care of some of those problems online. Just show up, throw it in the trunk of the car and leave. One of the thing I'm gonna call out from their quarter was the average ticket, which is something we don't talk about all that often. With retail or restaurants, but that's a metric that's important, and it's basically the average person in this quarter. What are they spending? And in the case of Home Depot, their average ticket sale ticked up a little bit to sixty six dollars. Yeah. And of course, if you can get that average ticket up, you have, there's a little less pressure to bring people in through the door. It's best if you can do both, but it's always good to see average ticket going up because if you're bringing in more people, but it's because you are, you know, throwing doorbuster sales or something you're tickets go down then that can hit you and your profitability. So they're just doing a great job. They really are in the stock again, they they had a rough spring. We saw that with with a lot in this space and the stock is still up about twenty six percent over the last year the when you look at the stock, does it look, expensive review. This thing still got plenty of room to run, especially given how they're operate, would thought get. I wouldn't have thunk it. I should have thunk it. I would..
"home depot" Discussed on The GaryVee Audio Experience
"My from what i've observed you can't survive in the entrepreneurial world without that there's just the head by by the way by the way i think to that ups relation i think the reason you can survive in the corporate world is your starting at such a big base you're actually declining just as much as entrepreneurs but when you start with a thousand pedals versus four when you lose four pedals you're out whereas the corporation still has nine hundred ninety you know it's funny you lead me to something that i've been thinking a lot about recently which is nothing stands still yet my observation of the fortune one thousand is that they think it's actually when what's actually happening is it's declining they just can't see it there are many sweaters that they wear that mask the outside temperature and they can stay warm even when it's getting very cold outside so that's the biggest difference because as an entrepreneur if it's freezing outside you know it's freezing outside and you do whatever the hell you need to do together the sticks in light of fire company where do you sit with technology like how tech out or not tech are you like are you addicted to your phone you know do you do you are you mainly netflix watcher like so mainly netflix washer personally i don't know i i don't know where you put me in a one to ten scale of adam tation a new technologies what i can tell you for business perspective is that you see everything in the world impacted by the new technologies and the new capabilities you'd think about the home depot kind of world building materials you wouldn't think of as while this is going to be mass relegated and yet you know just consider the humble light bulb and what's happened to the light bulb and the amount of intelligence that's now in a light bulb i believe personally a decade from now this trough or overhead people will kind of look at that the way we look at could slam look oh isn't that point they had to put this in a trough that's exactly that embedding chips in one thousand percent yeah so what about personally so personally i've i've watched net flicks i i'm what are you watching so i'm pecul earlier on that i watch foreign tv shows so interesting swedish and norwegian and danish foreign tv shows so i love that yeah that's your style yeah that's the beauty of netflix that that's the beauty of netflix and what about email texting social media where you at with that social media when i was the ceo of home depot i did a lot on twitter up deep believer in the power of those media to say thank you to people in fact one of the things for doing on crazy good turns starting a effect we're launching it with this show hashtag bradfo graham rainfall graham just taking the time to say thank you for two people who've done extraordinary things interesting you're saying this i'm on a big believer that negativity right now is dramatically louder than positive do you feel that is true feel sense of response you feel that people who are happy and positive have some sort of like sense of responsibility to do you feel like it's an interesting human element like what's your take on positively versus negatively optimism versus here my get lots of takes on this and it is it is it is a passion because in leading an organization of three hundred and fifty thousand people which is absurd the most andy's pissed about the twenty he's the most significant tool in a way of moving an organization is positive recognition and celebration people understand that in a way that they don't understand anything else so if you give them story about here's what success looks like they can actually relate to that where memos that come from the corner office everybody who gives a shit nobody's reading right nobody reads them it's it's the amount of money being spent in fortune five hundred land right now on information pdf and memo form that can skits consumed by no one is staggering dire style and my it's hope particularly starting as the as the leader of a company were no one knew who the hell i was one of the things because you were even you were there you were so not you personally branding i wasn't we're gonna was one new what right crew is this what about the street what are the.
"home depot" Discussed on How I Built This
"Uh not as expected uh be that that'd be a mile statement so we we agreed bernie and i went to one store of plotting to patten other associates obviously went the other store we agreed we weren't gonna talk to each other the morning and my three older children uh they were each given five hundred dollars one in one dollar bills and i told them mrs look i told the mother they'll never said they'll be back in school by eleven twelve at the very latest so it's six o'clock at night there was stand in front of stores still handing out one dollar bills so we had we had this grand opening and nobody came in just a minute how the home depot went from a flopped on opening day to the largest homeimprovement chain in the world stay with us and guy rosner you're listening to how i built this from npr support for the center podcasts comes from american express open listeners to how i built this are curious curious about how good ideas become great businesses in chances are you have some good ideas of your own but as you know and business there can be a lot of roadblocks american express open knows how hard it can be to get things done and they want to help with money and knowhow so you can turn those ideas into action visit opencom to get business done hey welcome back to how i felt this from npr and guyroger so arthur blank and his business partner bernie marcus open their first two stores in the atlanta area in 1979 but to say the least it didn't quite co as expected and so over the next year they worked really hard to identify what wasn't working and they experimented with different pricing and different merchandise to try and get more customers into the front door we spent really the next year in one of our core values is to listen and respond listening i probably spend seventy five percent my time as the bernie as did really boast through associates on the floor the store finding out from customers what is that they like what didn't like injury kept changing the mix adding things taking things off changing prices changing the sort mince changing vendors make sure we had service levels of errors they wanted them so we kept refining finding the.
"home depot" Discussed on How I Built This
"I'm and i was a young man just just to clarify you arrive you are the ceo of these the drugstores that ryan owned and bernie was involved with their discount stores right both of those businesses were sort of collapsing in and you had this option to go work for another business they on which was handyman which was the world homeless because the drugs so business were running was actually very profitable for before making a lot of money the parent company had no money to give us for expansion and i want to be part of that i don't want to be just maintaining 75 stores until yes seventy five years old so i i decided then he's always the leave whatever and they and they offered me this opportunity in california to work with bernie bernie and i had been very close so then i went to work for bernie in california at handy dan home improvement centers my wife than didn't want to go to california consumers positive that we will be consumed by a quake of some sort but she ended she ended up coming and and we end up having some kids they're i've had kids all over you name it age i have a child right i have six wonderful children and my wife has three children so and and i always consider the home depot to be my sevens child so so you say you moved to southern california you start working for handy dan bird bernie marcus is there as well but what he's mouth i guess about fourteen fifteen years older than you what was he sort of like a mentor to you the a bernie is.
"home depot" Discussed on How I Built This
"Those guys had never got fired from their safe and comfortable corporate jobs they'd have never started home depot now arthur and bernie no longer run the company but they still own lots of shares and home depot's made them rich arthur blanks net worth is estimated at more than four billion dollars and one other thing about arthur he is bill loved in his adopted home town of atlanta and a big part of that has to do with his stewardship of the atlanta falcons which he now owns arthur blank sat down with me in front of a live audience at the buckhead theater in atlanta and we started out by talking about his boyhood and growing up in flushing new york what what are your earliest memories of of your childhood would probably fighting with my brother that would be one it was a huge your brother your mom and your dad yes exactly we live in a small part renews a it was a onebedroom apartment one bathroom we share that cheered the actually my brother and i share the bedroom in my mom and dad slept in a little pull out thing in the foyer i went out in the morning stayed out all day and came home when it got dark in and and it was you were middle class family ray and middleclass family yes you would at your what did your dad do my a was a pharmacist he he passed away when uh he was forty four i was fifteen at the time several years before that and he had left uh he was working for his his brother in a retail drugstore and he started his own pharmaceutical distribution company uh to hospitals and nursing homes adopters across the country uh when he passed away my mother was only thirty seven at the time without any business background um she went in and started to run the business uh my mother was one of these people which you know the failure was not part of our vocabulary she was going to succeed in she was going to do whatever took to be successful in the business and i would go to school in and obs playing football in do my football practice come home stott dinner.
"home depot" Discussed on How I Built This
"Support for this podcast comes from american express open if you listen to how i built this year curious about ideas and you probably have some ideas of your own american express open can help you with money and knowhow so you can turn those ideas into action visit open dot com to get business done you opened the doors to home depot and his there's just a mad rush of people to come in uh not as expected the very mild statement so we we agree who are going to talk to each other the morning open up a two stores and my three older children uh they were each given five hundred dollars one in one dollar bills so it's six o'clock at night there was stand in front of stores still handing out one dollar bills so we had this grand opening and nobody can from npr it's how i built this show of that innovators entrepreneurs idealists in the stories behind the movement's louisville i'm guy rise and on this special live episode when arthur blank got fired from his corporate job in his midthirties than wallow in selfpity you have revenge by building a business plan for a new company the home depot choked back in 1979 when home depot opened its first store in atlanta there were of course other hardware stores look at the time there was nothing quite like home depot for starters it was huge almost twice as big as its competitors and second it offered things like three workshops in staff who could tell you how to fix stuff at home but most importantly home depot was cheap like 10 to 20 percent cheaper than other hardware stores now initially home depot wasn't a sure thing in fact on day one it wasn't clear it would work but today home depot is a company that does almost a hundred billion dollars in annual revenue and it's one of the ten biggest private employers in the us and the story of how arthur blank and his mentor burning marcus built it will inspire anyone who's ever been fired because if.
"home depot" Discussed on Marketplace All-in-One
"This marketplace podcast is brought to you by dell dell's dedicated smallbusiness advisors mean you'll always get the best deal on the right solution for your business get up to thirty five percent off select business pcs with intel core processors now until the end of december and did i mentioned there's free shipping visit del dot com slash small business or call 877buydell that's eight seven seven by dell error everybody's car rudolf thanks for downloading this episode of the corner office podcast home depot is probably best known as a place to go for whatever remodeling needs you have well and it does well because of that but that's not the only reason the company is thriving in this amazon age it has decided to become and has become in fact one of the biggest ecommerce businesses in the united states a sat down to talk with the home depot ceo craig neared talk about this and a bunch of other stuff here you go craig near what you have a fake ready to go to work greg near welcome to the program thank you great to be here should say first of all it is the home depot right yes as opposed to just home depot which everybody calls it yep now it's the home depot on logo when when you walk into what are your stores uh what are you see i mean as you walk in there is a guy run in the place what are you looking for what are you see uh really two things uh looking for product in his product presented as the hero if you will in the business and then looking always for our associates to connect with our associates what does it mean for the product to be the hero that is i've interviewed a brazilian ceos and not one has ever said that well in the retail business the reason customers come to us is to byproduct so ponta calp solve problems in our business park helps to create um you know aspirational dreams in our business and so is the product presented in such a way that creates excitement for the customer and you know likewise kambli for our associates because we want to get them fired up to solid.