10 Burst results for "John Beaver"
Bloomberg Radio New York
"john beaver" Discussed on Bloomberg Radio New York
"President listening Trump. to our Bloomberg Law podcast, And that's it for this Broadcasting edition of wherever the Bloomberg 24 you get Law your hours favorite Show. People podcasts. a day across at the Remember, Bloomberg U I'm June .S. you can .com always are now get the under and latest legal heat the Bloomberg news alerts. Business Officials say record breaking temperatures will continue in the southwest because of a heat dome that's staying over the region. The heat wave will affect the northern part country of the this week with New York City expecting record highs in the upper 90s on Thursday and Friday. Former U .S. Marine Trevor Reed is expected to make a full recovery after being wounded while fighting in Ukraine. The veteran who was previously imprisoned in Russia is now receiving medical care in Germany. Congressional Republicans are blasting the head of Homeland Security for suggesting that his agency has operational control of the southern border. I believe you want the American people to believe we have operational control of the border when we very clearly do not. Texas' Chip Roy said that 200 people a day are dying from fentanyl poisoning. He's one of a number of House Republicans who want to go to the border. He's one of a number House Republicans who want to go to border. the He's one of a number of House Republicans who want to go to the border. Spacey thanked the jurors and said he was humbled by the verdict. The double Oscar winner cleared was of sexually assaulting four men between 2004 and 2013. Spacey said his accusers had been financially motivated, saying one had been after money, money and then money. A number of accusations in both the US and the UK have been made against him, to which led the abrupt end of his acting career. John Beaver reporting an Arizona teen who went missing nearly four years ago is safe. Officials said Wednesday that 18 year old Alicia Navarro recently up showed alone to a police station in Montana. Back in 2019, the then 14 year old girl vanished from her Glendale, AZ home, sparking a major was killed. New data shows a resurgence of COVID -19. Mark Mayfield reports. The CDC says COVID hospitalizations have risen by more than 10 % across the country. Their latest report shows that over 7100 COVID -19 patients were admitted in the week of July the 15th. up from That's 6400 the week before. It's the largest percent increase in COVID hospitalizations since December. The report says COVID emergency room visits also jumped in the past month. A CDC spokesperson adds, however, that COVID rates in the US are still near historic lows. I'm Mark Mayfield. Footage of a Black Lives Matter protest has been quietly removed from Jason Aldean's latest video. The Washington Post was was first to report that the video for Aldine's country hit, Try That in a Small Town, is now six seconds shorter uploaded to YouTube earlier this month. CMT pulled the video off the air after three days following complaints from the NAACP. Two Staten Island men are in custody after posing as FBI agents to rob people in New York and New Jersey. Sara Lee Kessler reports. Police say the fake feds, ex -cons Tony Clanton and Lawrence Dotson, followed a New York jewelry shop owner home to Edison and flashed a badge trying to get the guy out of the car, but he knew better and drove off. That was in June, but the crime spree that began in January. There were attempted home break -ins and gunpoint robberies in in Staten Island and police say earlier this month the duo followed an ice cream shop owner home to Brooklyn New York stealing 6700 bucks. Police say Dotson, a convicted killer and Clanton who did time for drugs and posing as a DEA agent, faced 20 years if convicted. Numerous studies show that heavier people are paid and promoted less than thinner colleagues and are often stereotyped as lazy or undisciplined. Now bills are being introduced in some states prohibiting such discriminatory practices. I'm Bryan Shook. And I'm Bryan Curtis in Hong Let's Kong. check this hour's top business stories and the markets. Asian equities are trading higher. All 10 marks we track on Bloomberg Radio are in the green. Three key factors here. Earnings are coming in generally better than expected Samsung and meta are the latest examples and the Fed had no big hawkish the price. And meantime, Chinese equities are rallying further as policymakers offer more support. We'll have on more the markets coming up. But now to the Fed. The central bank raised interest rates to the highest level in 22 years. The Fed funds rate being lifted 25 basis points to five and a half percent. Fed chief Jay Powell said that future policy will be determined on a meeting by meeting basis. We've covered a lot of ground and the full of our tightening have yet to be felt. Looking ahead, we will continue to take a data dependent approach in determining the extent of additional policy firming that may be appropriate. Powell also said that incoming data could justify either holding rates steady or raising rates again at the Fed's September meeting. Meta platforms reporting better than expected second quarter revenue. It also gave a rosy forecast for the current quarter. Meta is succeeding in migrating advertisers to its video service reels. More on the earnings from David Kirkpatrick, founder of Techonomy. The economy seems to be treating them pretty well. They're using artificial intelligence very cleverly to improve the target ability and effectiveness of their This is the company that still can target as well as any other media in the world. Meta shares traded up six percent in late trading. The Pentagon is seeking supply of a mineral used in semiconductors and military radar systems. The story from Bloomberg's Ann Cates. The Pentagon plans to issue a first -time contract to U .S. or Canadian companies by year end to recover gallium after China curbed exports this month. The Pentagon does not have reserves of gallium and wants to focus on recovering the mineral from existing waste streams of other products. Gallium is used in Navy radar on vessels for air and missile defense and by the Army Marines and in ground -based radar. Ann Cates reporting. In other news, Volkswagen is investing $700 million in Chinese EV maker XPeng. XPeng stock is up 30 percent in the Hong Kong market. The Hang Seng index is trading up 1 .5 percent. The Hang Seng tech index up a little more than 3 percent. The Nikkei advancing just a tenth of 1 percent and the KOSPI in Seoul is trading up eight tenths of 1 percent. Dollar Yen 139 .56. We're also seeing some strength in the offshore Chinese currency trading stronger by about four tenths of a percent against the greenback at 7 265. And gold is now at $2 ,020 a troy ounce. Global news brought to you by 2 ,700 journalists and analysts in 120 countries. In Hong Kong, I'm Wes Cassova. Today on The Big Take, Space Force is no joke. United States Space Force. Is it an arm of NASA or is it a private corporation? A Space Force? Gosh, I don't know. Are they Guardians or Exploration? I don't know. Defend us against alleged space threats. I mean, I don't I know that think it does much. I'm assuming like a branch of the army that fights crime in space. Well, I think Space Force, they go in space with like weapons for some reason, and I don't know why you need weapons in space. Explore space? To the moon? Fly to the moon or whatever? I don't know. If it's public, I'm guessing it's some sort of military arm of NASA, the
Bloomberg Radio New York - Recording Feed
"john beaver" Discussed on Bloomberg Radio New York - Recording Feed
"Investment advisors switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. The prosecutor appointed by the former president, President Trump. And that's it for this edition of the Bloomberg Law Show. Remember, you can always get the latest legal news by listening to our Bloomberg Law podcast wherever you get your favorite podcasts. I'm June Grosso and you're listening to Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. More than 100 million people across the U .S. are now under heat alerts. Officials say record breaking temperatures will continue in the southwest because of a heat dome that's staying over the region. The heat wave will affect the northern part of the country this week with New York City expecting record highs in the upper 90s on Thursday and Friday. Former U .S. Marine Trevor Reed is expected to make a full recovery after being wounded while fighting in Ukraine. The veteran who was previously imprisoned in Russia is now receiving medical care in Germany. Congressional Republicans are blasting the head of Homeland Security for suggesting that his agency has operational control of the southern border. I believe you want the American people to believe we have operational control of the border when we very clearly do not. Texas' Chip Roy said that 200 people a day are dying from fentanyl poisoning. He's one of a number of House Republicans who want to impeach Secretary Alejandro Mayorkas. Oscar winning actor Kevin Spacey has been found not guilty of nine sex offenses at a court in London. John Beaver says Spacey wept as the verdict was announced at the end of the four week trial. Spacey thanked the jurors and said he was humbled by the verdict.
Bloomberg Radio New York
"john beaver" Discussed on Bloomberg Radio New York
"The Rock to honor the victims and support the community. White House spokeswoman karine Jean Pierre says intelligence agencies are considering a potential explanation for the three unidentified flying objects shot down in the USA and Canada. The intelligence community did say that they are considering or looking at this to be potentially benign. She said that they may be tied to commercial or research efforts. The CEO of Goldman Sachs is slightly more optimistic about the state of the economy. David Solomon told investors at a conference in Miami the chances the economy can avoid a deep recession this year are improving. He said the chance of a so called softer landing feels better now than it felt 6 to 9 months ago. An alarming amount of animals are dying in areas near the Ohio train derailment, city MD director, Jeanette Nashua outlined what kind of harmful chemicals are in the air. There's a variety of chemicals on that train from isobutylene, ethylene, acetyl, and vinyl chloride. And of course, the greatest concern was vinyl chloride because this is one of the most toxic poisonous chemicals on the planet. Officials with the Ohio department of natural resources said almost 4000 dead fish were counted in four nearby waterways from east Palestine, a resident in north Lima, which is over ten miles away, said 5 of her hands and a rooster died suddenly. Forbes is announcing the ten highest paid entertainers in 2022. The Phil Collins group genesis tops the list with $230 million made thanks to selling the rights to a piece of their catalog in September, sting takes second place after he and the police sold their music catalog as well, while Tyler Perry checks in at third. I'm Brian shook. The streets of queens, New York are safer today after a big gang takedown. Police have charged 23 gang members who authorities are calling some of the most dangerous people in Queens. Many were arrested during raids over the past week and few remain on the loose. Authorities say the investigation into gang activity in woodside and Astoria was started following a young mother killed by crossfire from gang members by the woodside houses nearly two years ago. Ford is announcing plans to cut thousands of jobs across Europe in London, John beaver says the American car giant blames uncertain economic times and a need to transform the company as it ramps up production of electric vehicles. 3804 jobs will be lost across Europe, the majority in Germany. Development and back office posts are being cut as the company warns of a pretty difficult economic situation. Last year, Ford announced it would increase its electric vehicle investment to $50 billion as it attempts to take a bigger share of the rapidly growing market. John beaver reporting. If you're thinking of moving from California to Utah, you may not be welcomed. Jordan Christmas explains Utah governor Spencer Cox says Californian should stay in California, the governor said those remarks in front of The White House last week, saying the state of Utah is not working to attract more people, the Republicans said, in part, it's because his state is dealing with problems like housing and water shortages. He also said the biggest problems are more growth related and said he would love for people to stay in California instead of coming as refugees to Utah. The Crown star Emma corrin is joining the Marvel Cinematic Universe. Corin is best known for her role as Princess Diana on the hit Netflix series about the royal family she will now costar with Ryan Reynolds and Hugh Jackman in the third installment of the Deadpool franchise. I'm Brian schuch. And I Brian Curtis in Hong Kong, let's check this hour's top business stories and the markets. Fed officials are calling for more interest rate increases to help tame inflation. The market reaction to Tuesday's CPI data shows investors realize that inflation is likely to remain higher for longer. Former IMF chief economist Ken rogoff told us that part of the fed's problem is the 2% inflation target. Back in the day, they should have sat 3% instead of 2%. But they didn't. And they've really made commitments. If you change it, it means you might change it again. So I think what, in fact, will happen. I don't think we're going to have a soft landing, by the way. I think we're going to have soft, but not the landing. I think inflation, they're going to allow to be all right. For longer, but they're going to say it's going to get back to 2%. We're just taking longer. I think that's going to be the rhetoric. Rogoff added that the fed will have to figure out where rates need to be longer term so that inflation does not remain a problem. Dallas fed chief Lori Logan said, more rate hikes may be needed. And the fed should not lock in a peak interest rate or a precise path of rates. We also heard from Richmond fed president Thomas barkin. We may or may not choose to take rates up further if inflation continues to persist. But we'll have to see what happens. If inflation settles, maybe we don't go quite as far. But if inflation persists at levels well above our target, maybe we'll have to do more. Meantime, fed Philly bank president Patrick harker said that the fed was nearing the point where rates were restrictive enough. He said, we're not done yet, but we are likely close. In some other news, President Biden has named fed vice chair lael brainard as his top economic aid. She will replace Brian D says director of The White House national economic council. More from Bloomberg's Michael McKee. It has a lot of experience in Washington. She was deputy treasury secretary. She was the deputy head of the national economic council before. So she has worked on the political side for many years as well as on the monetary policy side. So she knows everything about what's going on in Washington. And she is also considered to be a very capable kind of, I don't want to use the word bureaucrat, but somebody who knows how to get things done. Let's check the markets, the index is down 1.4%. The tye X in Taiwan down 1.5%, and the nikkei is now down about a half of 1%. The Bloomberg dollar spot index has strengthened two tenths of 1%. Dalyan one 33 O two. The yield on the ten year treasury, 3.73%, and the yield on the two year 4.60%. We have WTI crude trading down about 6 tenths of a percent now 78 57 a barrel and gold is trading at $1858 50 cents at Troy ounce. Global news brought to you by 2700 journalists and analysts in more than 120 countries. In Hong Kong, I'm Brian Curtis. This is Bloomberg
Biz Talk Radio
"john beaver" Discussed on Biz Talk Radio
"And rust on the big biz show. Yeah, we're live from the lost 100 studios and studies. Santa California think this shows around their great to have you along to that. What? My favorite guys that we just recently met is John Beaver. John Beaver is the CEO and president. A bio lays Viola's B I O. L They are in the member. Do you remember what the business of being in the dental laser? Oh, I love this. Yeah, it's a great It's a great story. I've got No John Off the air, and we can have conversations. But I'll tell you what an exciting company that this is turning out to be here, and, uh, it is the world's leading. He makes the world's leading dental laser selling in both the US and 80 other countries where you go, and here we assume because he's just so darn busy for us. Couldn't come to studio John. How are you, pal? Good to see you doing great. Sally. How are you doing? Good, good. Hey, catch us up for the people that watched you last time and then we'll give it over. View of what you guys do, but catches up. What's the latest? Because it's been pretty exciting Couple weeks for you. It has been one of the things is we've been very happy to add three new board members we've now set last week. I would put us probably in terms of the dill industry companies with the strongest board. I don't know anybody that has more Della experience on their board than we do. So I'm really excited about that. So you can go check out press release last. What about that? In addition, we continue to work very, very diligently with the waterless, exclusive drop program. One of the things that you're not talking about Sally is how difficult it is for the dentist to To figure out if they really can incorporate the laser into their day to day practice. And so one day we started a couple years ago. We got, you know, setback and my covid a little bit in this program but really started this year is the Waterways exclusive trial program and that's where we haven't Dennis get trained for two days. Give them laser for 45 days in their office. Give them complete training mentor ship Webinars and then 45 days, we asked, you want to buy the ways or not? No money.
Biz Talk Radio
"john beaver" Discussed on Biz Talk Radio
"We call it the first generation Laser Zamboni. That's what it looks like. I mean, Yeah, it fixes your teeth and cleans the ice. I mean, it was like that. But you have to dial everything in over the last 5 to 7 years. We've now perfected that user interface where it's point and click. You don't you don't like popcorn, and it knows it's popcorn. Hit a button. Right? So, you know, think about period disease. And this one thing that resonated with me because I went when I was a kid. My dad had gun surgery period on Titus. The gun surgery. My dad never went to. The doctor never complained about anything that set him back for, like weeks. That was one of the most painful things he said he had ever been through. Okay, so that's the old way of doing that. Compare that to a laser that goes subjectively noninvasive. Absolutely is under the guns, right? You don't have to cut the golden guns open and it creates just as good of outcome Clinically. What they're doing is they're just taking all the credit for people who maybe not have been in business for a few years. Exactly in the late young disease creates heart disease, so much other stuff. It's systemic, right? Yeah. Black And and the laser. Not only does it clean everything out, but it also has, um you know, Antibacterial. Um, um, aspects to it as well. So it just makes it that much cleaner. You look at at implants. Help every I don't think there's a fast, faster growing segment of demonstrate an implant right there. My skin one, right? Need one now. Okay. Now he's talking about like the new grill. Yeah, yeah, the new smiles. He's talking about you in one day, right? And you look like you know Freddy from Kruger. And then you come out and you look like a three d privilege game show host. But here's the deal. 20% of implants fell in the first two years. How come Um, either want put in right genetics or there's or there's a gingivitis. Um, it could be the property of the actual implant, maybe for materials. So the old wife, Okay, Pre Lazer is you take the implant out. You re grow the bone. You go back in the year. Pay another three or $4000. Probably another dentist. Because you're not going to the same one again because you're mad at him and get the implant. Put back in. All right. So we are the only company that has a patented side firing tip the side firing tip goes 90 degrees once again, subjectively In between the gums it can clean like a power washer. The screw that the implant, you know, is that shit? Makes it pristine and basically saves him plan regrow some bone around it. Yeah, that's exactly his name is John Beaver. He's the president and CEO of Viola's Incorporated B I. O. L is their stock symbol and, of course, their website by always when you come back with on a regular basis, I would love because I'm telling you what this is really interesting. Bring an implant to well, no, I mean, because look at this is one of those things that we're all going to have to go through. And I mean, you're all going to the dentist? Yeah, And if there's any new technology because, as he mentioned.
Biz Talk Radio
"john beaver" Discussed on Biz Talk Radio
"Your great to have you won today, Sully and Russ right over there. I'm working here. I'm multitasking. Yeah, Yeah. What do you come? Well, I'm online. You're in a movie. I know. You tell us about your film Film stupid. The movie being produced here locally in Santiago. New movie Coming up. Tell us about your new film. Yes, I'm a vice principal of a high school and I get kind of mad at the young man who stole my son's girlfriend away. Oh, I see. So it's kind of it's kind of a slice out of real life. It's kind of I have a very small part very important Emmy Award winning Rusty now. Thank you. Are you up for now? Is this going to be like? Will this be a motion picture like in a movie theater? I could go Snapple. It's like this Annapolis where you can boost You can. What happened? Just take asleep halfway through exactly. Let's be one of those type boots. I'm not sure I know. It goes a film festival and probably just gonna be like this. Yeah, maybe. Hey, listen, one of the greatest things about this program. We say this all the time. We have 25 guest spots to fill every week, and it's usually authors and celebrities and everything else. But every once in a while we get to talk to a publicly traded company because our viewers usually send emails to our producers and one such company that we were told to that we must interview is a company called Bio lays. John Beaver is the president and CEO of the company. They are publicly traded under the stocks that will be I o l they, of course, have a website bio lays dot com That's LSE. But look who's in studio because we're so very important and we're very famous. John Bieber came to us How you like that? I'm going to see you. Good morning. So here's my problem or dental laser. So let me just give you in advance here. Every time we have a guest on it can do something for us. He's going to try to work here for so I'll say Hey, look, I Gottemoeller here. Can you take a look? If you're an attorney, he'd have a problem. You have questions Just Hypothetically, you're going through a divorce. I mean, we're always looking for experimental cases. So that be yes, Dante. Okay, so talk about this because I did some diligence on you guys. And you guys are creating sort of a A, uh, tip of the spear in new dental technology. And by the way, guess who has a dentist appointment today? You have a cleaning? I go every three months. I enjoy it to 30. Do they have a laser? I don't know whether you wanna be lazy. That's right. That's right. Find that out. What are they lazing? Does it hurt to talk to us about this ballets is the world's leading dental laser company. And you know what? Our dental lasers I like to think of it as lasers can do just about everything right? We have heart tissue lasers that cut both bone and teeth with soft tissue lasers that cut Soft tissue. Obviously, we also have some other soft, all tissue lasers that cut both bone and soft tissue. So if you look at the body lasers have taken over the standard of care everywhere in the body, right? No, it's true. One of the examples I give his Lasix Yeah. Yes, well, probably the same generation or close to it. Remember when people were getting corrective vision surgery early on, somebody had a scalpel. They were cutting their I would you today with Lasix. Go try to find that doctor that was cutting your eye with the scalpel. I call that's that's analog in a digital world. Absolutely. So Lasix took over standard of care for corrective vision surgery. It probably took him 20 years to do that. Um, So if you look at the whole body of the mouth is the last part of the body. The lasers haven't taken over a standard of care, And that's what we're planning and and talk about that because there's a couple things here. There's dental laser. There's also hygiene here. There's cleaning as well. Yeah, absolutely. The main tip of the tip of the spear here, So you know one of the difficulties I think ourselves guys have is we do so much. We're Swiss Army knife with our tool. Right. So I could talk about 80 FDA cleared indications that we have, but let's talk about three or four. Okay, Drilling whitening and okay to would we do that? Okay, Let's say let's take the drawing, for instance, because this is one. I'm a non technical guy didn't come from the dental industry didn't come for the laser industry, which is historian of itself. Yeah, that's that's a whole different story. But, you know, we look at taking your kids or grandkids to the dentist. You know you have that fear of the dentist, right? Because we all grew up with the shot The drill vibration what causes pain in the mouth when you're getting a cavity filled its vibration and heat. Laser does neither one. So we have a ton of Dennis that have, um, never given a kid a shot for filling And by the way, that's a cue selling proposition. I mean, look at Dennis, Sir, in the business of making money, Okay, I know they want to fix you. This just happens to be there. Uh, you know, finding even fill it Well, people need help with their teeth. That's a big selling process. Why would not every single dentist in the world have this technology? That is the question I had when I joined the company, and I believe that they will have this technology is just a matter of time. Talk about. So you guys are the world's leading dental laser in both the US and other countries. Talk about what's your main seller? Is it the Is it the soft tissue where there Doing surgery or this look soft tissue work right here If I'm not. Yeah, what's going on there? So for the for the all tissue, which is all water laced brand about seven or 8% of dentists in the U. S have a laser Had the animal tissue laser less than 2% Worldwide. The good news for us is are the ones that have an all tissue laser 60% have hours so once again later in the day ministry we've sold over 40,000 lasers. You know, this is well known. He's a multipurpose. Does that mean on the other end? You can just dial in all this, you know? They do some woodworking? Yeah, answer the logo. I'll wait for doing the tattoo while you're sleeping for dental. But, yeah, that's one of the things that I think has taken so long to get this technology adopted early on you, basically as a dentist had to have a physics degree to work. One of these things I've seen..
WGN Radio
"john beaver" Discussed on WGN Radio
"It does, yes, because there's a kind of a controversy about who was the first person to put the ground beef Patty on a bun. But one of my favorites is Charlie The green from Seymour, Wisconsin. One reason he is my favorite because he was only 15 years old, and he was Selling food at a that again, the county fair and he ran out of sausages and stuff. So he just kind of put his patty on a bond real quick and started selling it, And he called it the hamburger because it was a Hamburg steak, basically a Hamburg steak, and he put it on a bud. That was Kim's Ackman. She was on this morning with the Bob Stroud is listening to her, she wrote a book called There's No Ham in Hamburgers. But The other thing, she said, is was the deep dish pizza was originated because it took longer to cook. And the restaurant tours who served it knew then that they could some more drinks if the pizza was in the oven a little bit longer. Kim's Ackman was on earlier today with Bob Syrup. Okay, we're going to talk with Kevin a little bit later about the Cubs, Anthony Rizzo and Jace Justin Hayward. Jason Heyward about I have just name issues I just do. About the fact that they admitted that they're not getting the Covid 19 vaccination. I was really surprised by those names will kick that around with Kev a little bit later, but first, let's look at your money. John Beaver is on the phone line. He is, of course, the president of Phase three Advisory services, John. Welcome back. It's good to be back. All right. Tell me about the Wall Street today because I thought the numbers were down and then I'm hearing Steve rocks and say we ended in positive territory. We did. We ended in positive territory. We've done this the last couple of days where we start down and then make it back up by the end of the day. That indicates positive pressure in spite of what the inflation headlines, so everything's going to be okay. Uh, yes, with some dips along the way, Right? Right. Long term, we're going to gain. Okay. Let's talk about meme stocks because they're all the rage and I was looking at one. And maybe you can help me on this one part of the earlier today there was a stock that Started out real hot, John and then and then lost some of its glow. But they were referring to it as a meme stock you You know what I'm talking about? The meme stock de Jure? Yes, Meme job Now, now, today, I'm not sure what was happening today, but the meme stocks as a topic. That's obviously from social media and the Internet. And that's where meme comes from. And they're here because of the millions of investors on social media, and they're making money right now at these stocks. We used to call these hot stocks 30 years ago. Now they're called meme stocks, and what's happened is you've got this red. It's Wall Street bets Group. Has actually created some fame for themselves by having some good text, and they've actually created quite a following, and it's turned out to be something that is creating substantial momentum and certain stocks and in many cases upside momentum that really isn't warranted by the fundamentals of the companies. I think I'm the one I'm thinking of today had to do with the diabetes treatment or Medication or something like that, and it jumped at the start and then given up most of it by well, when I looked at it was around midday. So they're they're called meme stocks just because of the popularity of memes on social media. Exactly right. Okay. And so there were hot stocks before I can see how they can build up a lot of momentum because of the online presence of social media and all of that 30 years ago, How did these hot stocks get created? Where they got created by again momentum. You got several investors that would start to invest a lot of money. The stocks would start to go up with garner the intention of people what we call reading the tape. Other people watching the stock trades during the day, and now that happens all online a lot more eyeballs on it because it's available to everybody, not just the professionals. Where it took time to kind of filter that through the professional 30 years ago. Now everybody can be their own money manager and have their own account, and, uh, it's I say it's fun to make money, and so really, it garners a lot of eyeballs. People are interested. It's a lot like gambling at this point in time. What's happening with the meme stocks? And so as long as the market's going up, this is going to work, so turns down. We'll see. Okay, so so it's a hot time right now because the market is trending upwards, so it's you can make money doing it do more people making money or losing money doing this? You know, I have not looked at the stats. I know long term, It's probably going to be difficult to make money in the short term. They can catch the upswing. The problem is, as I mentioned. A lot of these stocks are not worth the price that you're trading at right now. And so that's where some investors can get burned. All right. We've been talking from time to time about the proposed Biden tax changes. Um, but we don't know what's going to happen. And I mean, should we be. Should we be adjusting our portfolio or strategies now based on reporting or what's your advice when it comes to that? Yeah, This is tough. There's certainly going to be some change. This year, they will be changed to the capital gain structure. We don't know what that looks like, Just yet. Right now. There's committee action. Second half of 2021. They will be focused on Raising taxes to meet the budget and going to be one of the ways to do that, But what's interesting? This is, uh, the controversy right now is related to the long term capital gains rate. And they put on a piece that basically said that the effective date of this if past is going to be back to when it was originally talked about which is April 2021, so this is going to be retroactive. It's not very often that Something that's passed and it's retroactive. Now again, it has to pass, but they could likely get this through on budget reconciliation. So I think it's pretty certain that something's going to happen. We just don't know exactly what yes, Long term capital gains versus regular capital gains So long term capital gains anything that's held more than a year and you sell it. So a stock the bond, even a second home. And that rate is a preferred rate. It's a lower rate than your ordinary income rate that you pay on your wages and other income. So for anybody in the lower brackets, 12 up to 12% bracket, Actually, the tax is zero. And those in the higher brackets. It can be 15 to as much as 20% rate versus rate that would normally be in the thirties..
WGN Radio
"john beaver" Discussed on WGN Radio
"As in zero pain. We're back on Chicago's afternoon news. I'm Steve Bertrand. We're talking to John Beaver. He is the president of Face three advisory services as we take stock of Wall Street and the markets these days, Okay, John, Welcome back. Let's go to a couple of world events will start with the one we've been talking most about against this pipeline. Shut down. It's up and running, but we're still feeling the effects and will for some time. What was that reflected much in the market. And what do you think the impact will be overall on the economy with this slow down on the East Coast in the southeast for a few days? Long term effect should be minimal. I think we saw a little bit of the selloff today meet probably was somewhat related to that colonial pipeline. Now it doesn't move Crude oil. It moves finished products like gasoline, diesel fuel jet fuel heating oil, So there's the things that people need to use immediately. And so it has this immediate effect on the economy as opposed to crude oil, which would take a little while to work through. So there was probably that affect plus the uncertainty of while this major hack and turns out they did pay five million to the cyber criminal cyber criminals. It was in Bitcoin, not dodge coined, by the way that a nice way to pay it anyways, Bitcoin. And so if hackers can get to the D o d of sandstorm from getting to Microsoft and really, you know, there's this feeling like nothing is really safe in shoe. Gonna drop Health Department was taken down sometime today as well. Um, so as you're trading as you're investing How does that way I knew what do you look at? It's actually minimal. That's a that's a little one off of that. We're looking for things that could actually dramatically affect the whole economy, for example, bringing down an entire nation white system that could be a real problem now granted, it's a problem for the For the East Coast. But these companies, they have backups upon backups. That lot I t professionals out there and generally speaking, it takes some time. But we can get these things back up and running. Okay, I get it. I'm with you on that. But I'm talking about is long term investing or when you're investing in planning, you talked about how Microsoft could be victimized other places. I mean, does that come into the equation when you're deciding on which country companies to invest in No, not really. Because of the risk pretty much across the board that everybody everybody has. You know, It's the risk that we, you know, everybody has the rest when they get in the car that they're gonna have an accident, But it's not something we think about. We don't worry about it. We just go about our daily life building with the investing with us. How about the ongoing conflict and in some ways escalating conflict now? Between Israel and the Palestinians in the Gaza Strip. That could potentially be more you know, we're used to this conflict were used to some missiles going back and forth. So at first, it doesn't Doesn't affect us on this side of the pond that much a big effect over there. But it is not something that comes into our thinking, other than at some point in time. Could this blow up into Ah, bigger issue and again, probably not so much for us. It would be larger conflict that would create that issue, But that's That's when we do a portfolio design. We always make sure that we've got some money on the sidelines. People should look at this so they can survive a downturn in the markets that lasts more than a couple of months. Something that might last a year or two. You know, I started with me saying I'm not even joking. I do look a bit for what gay every morning just because it's been encouraging lately. It's a nice wait. It's a pick me up just like the cup of coffee. But what's the smart thing to do when it comes to your four? Oh one k. I mean, a lot of people say, Look at it once a year. Look at it four times of year. I mean, be realistic. What do you expect people to do? Well, it's really based on their personality. For some people, they can't hardly go day to day without looking at it. Just it creates for some reason, some some point of comfort for other people. They don't want to look at it. So the first thing is it, understand who you are, is an investor. Second thing is to understand whether you're an accumulator or a user, right. So an accumulator someone in their twenties thirties forties fifties, putting the money in a month at a time. You really want to ignore what the market is doing. You're using a process called dollar cost averaging every time the market drops, you can cheer because you're buying more shares. However, as you move into that use face now the strategy changes and quite right now, if you're retiree using income Would look at this. Every 10% vice, maybe pull some money off the table to feed your required minimum distribution or the escrow is that you're building for your car purchases your home repairs, extra health expenses, vacations, things like this. I would keep any money. Any money and even next 3 to 5 years should be out of the market and be with the President. Phase Three Advisory service is great to talk to you again. John. I appreciate it. Right here. We're back on Chicago's afternoon news. And, you know, this is the time of the day when we check in on the news room temperature today will find some stories that there may be hot or cold. I think we've got a theme brewing today. It's all sponsored by American weather makers. Heating and cooling. You know them. They are your 60 minute men, okay? We will start today with the doobie Andy Maser. Sorry about.
WGN Radio
"john beaver" Discussed on WGN Radio
"E. I wanted to thank my colleagues for the opportunity to serve as the House Republican Conference chair. I have prioritized listening to all members of our Republican conference, and my focus is on unity because that's what the American people and that's what are voters deserve. I also want to thank President Trump for his support. He is a critical part of our Republican team. That is the least to Vanek, who was chosen today by House Republicans as their new conference chair. She replaces Liz Cheney, who was ousted from the post. Earlier this week Interesting that Stefanik praises and thanks, President Trump. He was her champion. Of course. Liz Cheney lost the gig because she called out the president for falsely claiming that he won the election. Okay, Big news. We've been talking today about businesses opening up and just the last couple of minutes or so Wal Mart. Announced that on May 18th so not today, but four days from now, all employees and guests customers who have been vaccinated will be invited to shop there and work there without wearing a mask. Someone else texted in from 63. Oh, that in Westmont, the standard market grill and talk one Margarita has signed, saying up per CDC guidelines. If you're fully vaccinated, a mask is not needed and social distancing is not required. John Beavers on the phone line. Now he is the president. Phase three advisory Services, John Welcome. Thanks, Steve. Good to be here. So a little bit of Ah, let me just say this, John, you know, I I know it's a bad habit, but things have been going well, so it's been kind of fun every morning to wake up and check my four Oh, one K. It's been fun up until this week. It wasn't so much fun this week. Wait till Monday. Things going to get better on Monday, John, We had a good close today. I don't want is gonna be better, but we had a good close to them. You right? So the numbers will look better today are on Monday then they did this morning. The rebound today wouldn't make everything up that we lost this week, right, still ending down for the week. Yeah, And actually yesterday Thursday being enough update, But Wednesday was a down day and Thursday is what we call an inside day. That means that the trading value of the trading range yesterday was inside Wednesday's day. Tell me that this is probably a continuation pattern of maybe a little bit more downside, so I wouldn't be surprised if next week isn't all that good. Thursday's volume. Today's volume was lower than Wednesday's falling volumes. So this is what we call the virgins where we see maybe some stability and price, but we see weakening the mo mentum not surprising, given the time of year. Is that common phrase sell in May and go away? Well, it's so but I was looking at the notes You sent over for the show, and you're looking for a bit of a legitimate correction coming up Still 8 to 10% drop I still think we can have a 10%. The market is still richly priced. We got good news, though on the earnings front, But we also have this pressure from inflation, and we'll have to see if this goes another couple of months. If it's just a one month aberration, which I don't think it's going to be. We could have a little trouble this summer. But I don't think that this is going to kill the rally. We're still in a bull market that I expect to go for several years. I read some areas where they say that in a person 8 to 10% drop Is actually kind of a good thing for the long term market. It really is. We need some volatility. Volatility is good. People might think that it's not so good. It's actually really good cause it shakes out the weak hands in the stocks that creates opportunity. It's actually a necessary part of market psychology. Much like breathing. You have to exhale as well as inhale. You can't just keep inhaling. So that's good. The Fed should not try to dampen this volatility to March. We really need a market driven economy, not a fed driven economy. And this is going to be part of this process of getting off the juice of the Fed, Experiencing some inflation and a little bit more volatility. What do you mean, when you say that the volatilities shakes out the weekends? So what happens is when people hold stocks in the stock market just gets Keeps going up. They feel comfortable with what they have A soon as some volatility comes in, some drops come in. They question their holdings so people that don't have a lot of conviction and what they hold or their short term traders. They will quickly cell and that's what can lead to some of these fast down days. And that's great because that means they're going to sell shares to the long term holders. Generally speaking, that's what we mean by shaking out the weak hand. How are we for the year on the markets? So we're pretty good on the effect we have. We got some divergence in the upswing now between the NASDAQ and the Dow. We've got the value stocks that have come on strong again. We're probably ahead of where we should be at this point in time in the year, But we are in this economic spring and this will go for several more years. In my opinion before inflation really starts to take over and challenge the market, so this will be an okay year from here on. We've had a nice first quarter a nice start to the second quarter. Maybe a little pause here in the third quarter. And then if pattern holds up, we'll have a good fourth quarter again in the market. So when you say we're in an economic spring, you're talking big picture. Not May, June. You're talking about the overall economic recovery. We're just in the spring of it. That's right and think about the seasons and the economy is 15 years each. They can be a short as 10 as long as 20. So think, 15. And also think about whether here in Chicago.
KZSC 88.1 FM Santa Cruz
"john beaver" Discussed on KZSC 88.1 FM Santa Cruz
"Local governments, meanwhile, are moving quickly to set up massive vaccine distribution sites in the hopes they can convince state and federal officials to send them more doses. Santa Clara County Public health officials say the county of two million Has enough vaccine only to dose people age 75 or older officials said they asked the state for 100,000 doses that had received only 6000. In Orange County of explanation site has opened at a Disneyland parking on county Supervisor chair Andrew Joe called it a super pod and said it would be the first of many And there's no better place. You have our first super pod than right here at this, They land soon we will be able to vaccinate over 7000 people each day just at this location. And as we get more vaccine doses from the state, the county will stand up other parts other super parts to dispense tens of thousands. Vaccine doses every day. California's suffered more than 31,000 deaths from covert 19. President elect Joe Biden today proposed a $1.9 trillion pandemic relief plan. The proposal would boost already approved $600 relief payments for individuals, bringing them to a total of $2000. Other funds would go to speed up vaccinations prepare for school re openings and other aid for struggling people and businesses. Christopher Martinez reports days before his inauguration as president. Joe Biden is rolling out plans for a massive Corbett 19 relief proposal to address what he calls the twin crises of a pandemic and a sinking economy. He spoke from his transition headquarters in Delaware. Direct cash payments. Extended unemployment insurance, rent relief food assistance, keeping his central frontline workers on the job. Aid to small businesses. He's the key elements to the American rescue plan that would lift 12 million Americans out of poverty and cut child poverty and half that's five Million Children. Let's get out of poverty if we move Our plan will reduce poverty in the black community by one third reduced poverty and Hispanic community by almost 40%. Includes much more like an increase in the minimum wage. At least $15 an hour. Buyten's plan does not lack for boldness. He'll be asking Congress for $1.9 Trillion, perhaps in two separate bills. The plan includes money to speed up the stuttering vaccination rollout. As well as to prepare for the safely opening of kindergarten through eighth grade schools. Other money would go to boost the $600 relief checks. People will be getting bringing the payments to a total of $2000. Didn't will also ask Congress for rental assistance to help 14 million families and more money to increase and extend unemployment benefits. Other funds would go to states and cities and two struggling small businesses. It's a big ask, you know, I know what I just described does not come cheaply. Failure to do so will cost us dearly. Consensus among leading economists as we simply can not afford not to do what I'm proposing. Biden's plan faces a tough road ahead. For example, Biden will need to convince enough Republican lawmakers to support it. Biden says he's ready for that. And, as is his custom, he repeated that he remains optimistic. All of you fall on hard times. I know you can never get back what you lost. All right. As your president. I know that every day matters Every person matters on the very first thing, the nearly 400,000 lost American souls in county For the millions of you just looking for a fighting chance in this economy. I promise you We will not forget you way understand what you're going through. We will never, ever give up way will come back. We'll come back together. Departing for Pacifica Radio News KPFK I'm Christopher Martinez prisoners that Santa Clara County's main jail's say they planned to begin a hunger strike last night to protest unsafe conditions, which have led To covered 19 outbreaks at the facility. In a statement released by the advocacy group Silicon Valley debug, the prisoners say that staff violate safety guidelines and protocols on wearing masks and gloves, cleaning and moving infected prisoners. They said the jail administration has canceled visits as of Monday. Citing the county's status in the purple tier of the Corona virus infection. Statement, though, says the county has been in the purple tear for nearly the past two months and visits were permitted up to this week. United Kingdom is banning travel from the whole of South America and Portugal amid concerns over a new variant of the coronavirus in Brazil. Just transport Secretary Grant Shapps said that as of 4 a.m. tomorrow, arrivals from more than a dozen countries, including Argentina, Chile and Peru, will be halted following evidence of a new variant in Brazil. Outside South America. The Cape, their day islands off the west coast of Africa and Panama in central America were also slapped with travel bands and in a move that prompted consternation in Portugal. Transit secretary said travel from that country would also be halted because of its close links with Brazil. Announcement comes just a few weeks after many countries banned travel from the UK following discovery of another variant of the virus around London in southeastern England. Just been blamed for a sharp new increase in infections and deaths related to covet. 19 John Beaver reports from London In a sweeping move, the UK has barred travelers from 16 countries to try and keep the latest Corona virus mutation of bay. All of South America on neighboring Panama around the new exclusion list, along with Cabe, Furred and Portugal because of their close ties with Brazil. With the third national lockdown in force, the U. K is desperately trying to bring down the number of coronavirus cases. Scientists believe the Brazilian variant is more infectious, but not more deadly. Increasingly think existing vaccines will still work against it. John Baber Washington New British study finds that most people who contract covert 19 are protected from catching it again for at least several months, but they may become infected without getting sick. It could pass the infection onto others. Angie hire has the story the stunt you have more than 20,000 health care workers found that those who were covered from Corona virus have a similar level of protection against future infection for at least 20 weeks compared with those who receive a covert vaccine Professor Susan Hopkins, a CD, A medical adviser.