36 Burst results for "Larry Ellison"
TikTok reaches deal that would give Oracle oversight of U.S. operations
"And Tick Tock recently made headlines Everywhere when Resin Donald Trump signed an executive order. That would essentially ban the Chinese owned APP in the US for national security reasons. Unless it sells its operations here to an American company. And of course, if that were to happen. We would have nowhere to go to see a million potatoes singing. To Adele. And that would be a national tragedy. This week deal actually emerged between TIKTOK and American company Oracle but some people like Zachary say trump's tiktok policy effectively changes. Nothing. The argument goes like this. It will do little to protect Americans data from the Chinese government because there are still plenty of other ways China could get that data that this move is just a new kind of security theater basically. The hard work of data security according to this actually lies elsewhere. So, Zachary TIKTOK has been banned in Indiana a few other countries, but it's still pretty popular for now it's the most popular video sharing app i. can see why it seems like fun and there are mental creative. They're short I mean the whole nature of the medium has their time limited. What happened with Tiktok this week what happened this week? Should be clear but isn't. Basically, in August, the trump administration ordered via executive order whose legality remains highly questionable that the Chinese owner of Tiktok, a company called Bite Dance. Divest itself of Owning Tiktok within ninety days or face the prospect that tiktok would be shut down in the United States. I broke the deal I said you can't do business in the United States, which is at least potentially within the power of the US federal government based on national security concerns based on national security and the logistics are complicated that you probably could order apple and other people and servers that are hosting tiktok. that. They couldn't do it and it would defacto make it impossible for Tiktok to function. So that is what began a process where the owner of Tiktok, again, a Chinese company sought an alternative way to their cell, the US portion of Tiktok or what ended up happening major deals Rocking Wall Street this morning pushing futures higher. We find an American technology partner Oracle beat Microsoft and become the technology partner for TIC TACS US operations although will not. receive its coveted algorithm so that all took talks data would be kept in the United States on servers owned by an American company and not by Chinese company because the whole point of this was that all these people using Tiktok, these tens of millions, hundreds of millions that data was potentially vulnerable to being used and therefore misused by the Chinese government. How so So the fear was because technology companies in China by Chinese law are required if. By the Chinese government to turn over data relevant data that the Chinese government could tell the parent company of Tiktok, hand us all of your user data which user data of again tens of millions of Americans. and. Then China would have that data. So that was the concern right and and that's a legitimate fact the Chinese government could order that. The problem is, of course, one via our court system, an American court can order or prosecutor can subpoena data. From our companies. So it's not like what you and I do on Google or what we do on any technology provider is somehow. Unavailable. To government if government decides that it's in its interest to get it not to mention the the various many non-government actors, the vacuum, the stuff up and use it for their own purposes that is even more important I think probably more relevant to the China issue which is. Does it matter whether the data is in this case, potentially house by Oracle massive US hardware and software company versus being housed by servers in China. In terms of the ability of the Chinese government to obtain that data, it wanted to obtain it because not just third parties that hoover up data and use it in the whole buying selling and the data market, but just spying tools. Whether it's the NSA in the National Security Agency in the United States or various Israeli cybersecurity and or cyber spying companies or the Chinese government. Most of this data isn't that secure. Not. Like. Triple encrypted quantum encrypted defense department level communications. So likely true that if the Chinese government really wanted my teens Tiktok data, it doesn't really matter whether that data's House on servers in China owned by Chinese company or whether it was housed on American servers on buying American company. So I guess, then how do we get to this point? How did you know given what you just said why has this become such a big issue? How did it start? Yeah it's a good question I I'm not sure. There's a precise answer. It's part of a whole continuum of the trump administration in particular identifying China as a proximate threat to the United States and a whole series of ways competitively in terms of trade practices hence the hundreds of billions of dollars of Chinese imported goods that have been subject to American tariffs. It's part of a multi year campaign against this massive Chinese telecom equipment company called Wa wa, which has been a leader in next generation five G. Telecom equipment in a way that again, some of the same concerns have existed which is. That the Chinese government would would use the production of that equipment as a way to spy on who met from purchase adequate. And Look a few years ago. There was a a forced sale of gay dating APP Grindr, which was also owned by a Chinese company, and so there was an earlier precedent of forcing a Chinese company to sell an American APP Social App. Because, of data concerns and finally, there's the fact that for years long predating the trump administration. China has not allowed American social media companies like facebook. To function in China. So there's the tit for tat. You know you don't let our social media functioning companies function there. Why should we let yours function here? There's Several year campaign against China which the trump administration's pursued but I think has a good deal of democratic support I. Mean if it's close to a bipartisan sentiment that China, China's a threat as anything we have right now. Why Tiktok? Suddenly became a thing I may partly have to do with the fact that it suddenly became a very big deal in the United States. I mean, this was not a company that had any footprint several years ago and suddenly as. The APP does your so it may have had to do with something that got really big and is very noticeable. Salsa not that economically important. So a lot of people would be royally pissed off Tiktok were banned. It's not like tiktok is. An integral component. To the US economy either during covid or without covid. So it's an easier target. We'll be right back. Everyone wants to become a better leader this groundbreaking new book how to lead shows you how David M Rubenstein is one of the visionary founders of the Carlisle Group and host of the David Rubenstein Show where he speaks to leaders from every walk of life about who they are, how they define success and what it means to lead. Jeff bezos Richard Branson Warren Buffett Bill Gates Ruth Bader Ginsburg Phil Knight Oprah all of them and more are featured in how to lead this essential leadership playbook illustrates the principles and guiding philosophies of the world's greatest game changers discover the expert secrets to being. Effective innovative leaders. Walter Isaacson proclaims reading this invaluable trove of advice from the greatest leaders of our time is like sitting in an armchair and listening to the masters reveal their secrets, pick up a copy of how to lead wisdom from the world's greatest CEOS founders and Game Changers Bhai David Rubenstein available in Hardcover e book or audio, and we're back I get the kind of general personal security aspect of it. Where does the national security aspect of it come in? Is it because there's concern about people who worked at the Defense Department or the military whoever having to talk in in use in their households or people in the Defense Department are not allowed to use tiktok certainly not on their phones. For before this although they may have teenagers who That's vulnerability as well. So it wasn't primarily about like US government employees who might have sensitive data that tiktok would be the back door way that the Chinese government would spy on them but it was generalized sense of any foreign government that is using private American citizen data potentially for nefarious purposes represents a national security threat. Now, it clearly has not represented the kind of national security threat in the estimation of the White House right now when it's Russian. Manipulation of social media accounts the same principle should or would apply right. If you'RE GONNA ban, Tiktok you'd probably want to take action against the a variety of Russian media enterprises that are attempting to manipulate and hoover up American user data. Some of that data's you mentioned earlier in terms of third party is available to anybody for a price just because there's a marketplace for data. Which I think either most of us aren't aware of or frankly most probably don't care if politicos data on this podcast gets sold to fourteen vendors so that it can sell you and me products based on our other computer activity most people. Either like that, or don't care about that. But the national security concern is simply because it's a foreign government that could potentially. Use, our search history or browsing history nefarious. And again a, that might be true but be it's likely that all this kind of data is obtainable irrespective of whether or not a company called TIKTOK. Happens to have access to a lot of it. It's really interesting. So into this whole story comes oracle, you know huge hardware software firm but how did they get involved here? Yes. Oracle is is a multibillion dollar firm that has had the same public profile as Microsoft or Amazon or facebook or apple because most of its business is to other large companies, you know you and I don't tend to go out and buy Oracle piece of hardware because we don't need a hundred and fifty thousand dollars server or. Network system for our employees. They're largely corporate provider throw a huge provider to the Defense Department in terms of cheer equipment and material, and they're huge software company. They're one of the early Silicon Valley success stories and the billionaire founder Larry Ellison has been probably more conservative than not I don't know that I buy into the whole. This is a reward versus. A snub to the other potential main acquirer or partner for Tiktok, which was rumored to be Microsoft but this is an unusual. This doesn't usually fit oracle's business model. Well, that's that's interesting. So what is their interest in getting involved here perceived to be I'm not one hundred percent clear about that I mean look at could allow them to. Have a little bit more of a consumer facing brand. Again, I mean Oracle's. Primarily a software company primarily a database company. Maybe this could help them increase their databases. There's no way that this is a natural fit for goal. But at the same time north this a huge cost for Oracle, maybe it'll produce some American jobs. I mean. They're looking for growth just like everybody's looking for growth, and once you get to be the size of Oracle. Growth gets harder some of they're also looking for a DIFFERENT INDUSTRY TO BE President Chore? So. What exactly did they given? What did they get here that as of this conversation is not one hundred percent clear off so it was presented as or go by tiktok. That is not the case or at least it's not the case now and as possible. The deal will be scuttled or change given that all of this has to be approved by the government has to be approved by committee. Called Syfy S, which is the committee in charge of looking at global deals in terms of US national security, but it would seem that right now. The parent company of Tiktok saw own TIKTOK and get some of the economic benefits of TIKTOK. This Chinese company called by dance and that Oracle in turn will get a massive licensing deal to house Tiktok data and information on its own. Servers and using its own software. So the concern that the Chinese government would have access to that data would be allayed meeting under this agreement arrangement because the data would be managed by and it's housing would be arranged by a US company. The Chinese government could order by dance to turn over but by dance itself wouldn't actually have access to that data. It's interesting I mean based on what you said before it's they're they're they're moving this data from place a, it's not going to be in a different place and I guess the Chinese government will no longer have a key to the door. But as you said before there's many different ways that either the Chinese government or a lot of other. State or private actors can get hold on more or less any data they want to these days right? which kind of raises the question for point of all, this is ENA. It's certainly true. It would make it a little more challenging to get that data under that kind of arrangement. It seems like this a big fight over a big company. That's not actually really about. The literal subject of the conflict here. Yeah. It is totally fair to say that whatever the imbroglio about tiktok has very little to do with tiktok. And everything to do with US policy toward China. And the trump administration looking for some High profile optic to be able to say we're we're being tough on China and protecting American citizens. Again, the oddity of Tiktok is given that so many of its users or young adults. Who Don't vote although who would be? Extremely, Acetate it. If they woke up tomorrow and there's no TIKTOK meeting, it's probably not. The most popular move if what you're trying to do is gain support during a presidential election. So it's not entirely clear what constituency the served there wasn't like a huge congressional clamor for Oh my God. We're all big imperilled by these fifteen second videos. So where do you think things go from here in terms of into in terms of the real story behind all this in terms of the U., S., China relationship and the increasing in. them of that. So I think to some degree regardless of who wins the presidential election. there. Is a train that's left the proverbial station of increasing. Distrust and animosity between the United States and China. But within the context of an incredible amount of economic interdependence that you cannot just snap your fingers and several or at least not without massive massive harm to each part of that equation both the United States and China, and that's that's pretty unprecedented. Right? Right. That's like the Cold War analogy doesn't work because there was no economic relationship between the United States and the Soviet Union nineteen. Fifty S
Fresh update on "larry ellison" discussed on POLITICO's Nerdcast
"But the national security concern is simply because it's a foreign government that could potentially. Use, our search history or browsing history nefarious. And again a, that might be true but be it's likely that all this kind of data is obtainable irrespective of whether or not a company called TIKTOK. Happens to have access to a lot of it. It's really interesting. So into this whole story comes oracle, you know huge hardware software firm but how did they get involved here? Yes. Oracle is is a multibillion dollar firm that has had the same public profile as Microsoft or Amazon or facebook or apple because most of its business is to other large companies, you know you and I don't tend to go out and buy Oracle piece of hardware because we don't need a hundred and fifty thousand dollars server or. Network system for our employees. They're largely corporate provider throw a huge provider to the Defense Department in terms of cheer equipment and material, and they're huge software company. They're one of the early Silicon Valley success stories and the billionaire founder Larry Ellison has been probably more conservative than not I don't know that I buy into the whole. This is a reward versus. A snub to the other potential main acquirer or partner for Tiktok, which was rumored to be Microsoft but this is an unusual. This doesn't usually fit oracle's business model. Well, that's that's interesting. So what is their interest in getting involved here perceived to be I'm not one hundred percent clear about that I mean look at could allow them to. Have a little bit more of a consumer facing.
"larry ellison" Discussed on Bloomberg Radio New York
"Larry Ellison. Somebody I know has been really a terrific guy for a long time. So we're gonna take a look. I heard they're very close to a deal. And we'll be looking at the Ticktock deal with Larry Ellison and Oracle and that would be chairman Larry Ellison. Ticktock by the boy will promise we're told to create 20,000 jobs in the U. S. Is a way to win approval, Jules Will President Trump says he may do something about the World Trade Organization Earlier, the W A. W 20 excuse me ruling US violated international regulations by imposing tariffs on some Chinese exports. The levees in question covered more than $234 billion in goods made in China. The WTO's said the U. S did not demonstrate the measures were justified. The ruling hands China a victory on paper, but it means little since the U. S already dismantled the W T o panel overseeing the appeals process. U. S Trade representative Robert Lighthizer says the ruling has no effect on the face on trade agreement. All right, let's get to global news here four minutes past the hour. We go to Japan next, where Prime Minister Shinzo Bobby and his Cabinet are clearing the way for the new parliamentary election. Ed Baxter covering it all from the Bloomberg 9 16 use room in San Francisco. Eddie Yeah, that's exactly right. Doug. Japanese LDB party Yoshida Sudha is said to be formally elected prime minister. The session is underway. He's expected to name His Cabinet and the new ministers are likely to speak to the media before the end of the day, and Bloomberg's comer Mori reports the term last until the election, which at the latest we'll be next year. Yeah, the general action must be called by October 2021 at the latest. Some senior LDP lawmakers have hinted at one, including the deputy prime minister and Finn mentor also He said An early dissolution of parliament should be considered in the Tokyo Olympic Games are held in 2021. He has been repeatedly stressing that the timing of when to dissolve is extremely important to all bees served eight years. He did tell reporters before he that they had in their resignation on the ceremony that his health is improving. And he thanked people for their support and ask them for support for his successor. New hope for Middle East peace Israel United Arab Emirates Bahrain Signing an agreement to normalize relations, Israeli Prime Minister Benjamin Netanyahu says ah, very positive future too all of Israel's friends in the Middle East. Those who are with us today. And those who will join us tomorrow. I say a salami. Peace onto the Shalom ceremony at the White House World Health Organization is coming out today urging Mohr pandemic prevention, especially until there is a vaccine doctor, Margaret Harris on Bloomberg says they're a lot of candidates working now understand? We've got a very good chance of having at least one if not more. Excellent candidates because we've got nine vaccines going into what we call phase three trials and we've got another more than 150 at various stages. Yeah, but, she says when you're dealing with, with that many trials, there's a 90% fail rate. So it is too early to tell when good efficacy and safety is found. And Bill Gates, who's foundation has been working on funding a vaccine today with Bloomberg. Erik Schatzker says he thinks political pressure has cost the CDC and the FDA credibility of the CDC. He's largely being written out of the picture. Because you have people at the White House are epidemiologists, you know, saying what a great job they've done, And so it's. It's no longer a A set of experts. Yeah, he says he hopes politics is not playing at the lower levels where the work is actually being done. Joe Biden's team is announcing it is developing plans to distribute a vaccine to be ready if when he moves into the White House. A bipartisan house caucus. 50 members have GOP half Democrats are laying out a relief bill Roadmap today, representative Tom Reed, you put the needs of the American people first. It was amazing in the conversations that we had over the last 68 weeks. Or our disagreements Shut away. Yeah, The plan boosts aid to two trillion if the pandemic worsens and then slides down if things get better, and Hurricane Sally has shifted a bit eastward should ease the impact on New Orleans. But Alabama's governor, Kay Ivey says, you need to get ready and that goes all the way into the Florida Panhandle in San Francisco. I'm Ed Baxter. This is Bloomberg. Alright, Eddie. Thank you. Our guest for the half hour is Andre de Silva. He is ahead of global E. M rates for search of HSBC joining us from Hong Kong. Andre. Thank you so much Fed meeting tomorrow, highly unlikely that we're going to get much. I mean, a lot of what the Fed is about lately has already been baked into the cake. It seems particularly in light of the Jackson Hole symposium when The Fed chairman out laying up blind a new framework for inflation. Is there a risk by doing something surprising at this point that you really could Maybe upset sentiment or unsettled markets. Well, it's always ah risk these days, but I think the fit and firm see things very transparent. As you rightly said. We've already seen quite a significant are lying on the road map unveiled in in in August and particularly Jackson Hole, But there are some suffering disease. I don't will get anything that will be very distinct in terms of codifying the language of off what average inflation means in terms of 2% over time, namely, Gonna be a date or outcome dependent. That may come later, if it all but there are some sort of peace in particular to be the first time. The FMC will release the economic projections. It extends out to 2023 so be interesting to see the individual dots and projections for great moves and rate hikes. That might be some in 2023. But if the median Remains in the zero bound territory through to next year, but also to 23 than that reinforces the message lower for longer. And Andrea. It's not just the fan..
"larry ellison" Discussed on Bloomberg Radio New York
"For Larry Ellison. Somebody I know has been really a terrific guy for a long time. So we're gonna take a look. I heard they're very close to a deal and we'll be looking at the Dick dock deal with Larry Ellison. And now it may be that Tic Tac is trying to use the promise of creating 20,000 new jobs in the U. S. Has a way to win approval, Paul President Trump's controversial nominee for the FITS Board of governors doesn't yet have enough support to win Senate confirmation duty. Shelton has drawn significant criticism for policy views, which are outside the mainstream. The history includes support for the gold standard and being a political loyalist to the president, Senator John Thune, The chambers at Number two GOP leader said the Shelton nomination remains a priority for the White House. Live big news, International economics and policy correspondent Michael McKay says. It's a tough road ahead for Shelton. There's only about half a month to go 15 days or so until the end of September, when Congress is supposed to adjourn for the election. It isn't clear yet. There will be a lame duck session after the election That may depend on whether they pass a bill to continuing resolution to finance the government that only lasts until December or not. But once Congress has adjourned essentially for the year, then the nomination dies and they would have to be resubmitted. Now if President Trump is re elected. That could happen. If he is not then it is very likely that at least Judy Shelton's nomination will go away. Senator Thune said Republican leaders will move forward on Shelton's nomination before the November election if she contain the 51 votes needed well, let's get to global news. The era of Japanese leadership under Prime Minister Shinzo Abe is due to be over shortly after midday at Baxter, covering this story from the Bluebird 9 16 years from in San Francisco. How time flies. Yeah, exactly. And the meeting's due to get underway now. Well at the top of the hour if my math is correct about 55 minutes from now on there, saying that should be concluded with a vote by midday. As you say. Japanese LDP party leader you should have. Soga is set to be formally elected prime minister. He's likely the new ministers are likely to speak to the media before the end of the day. He's to name them and Bloomberg. Hiromi Mori reports the term last until there is an election year. The general action must be called by October 2021 at the latest. Some senior LDP lawmakers have hinted at one, including the deputy prime minister and Finn mentor also He said An early dissolution of parliament should be considered in the Tokyo Olympic Games are held in 2021. He has been repeatedly stressing that the timing of went to dissolve is extremely important. Shinzo served eight years new hope for Middle East peace question Mark Israel, United Arab Emirates Bahrain, signing an agreement to normalize relations. Israeli Prime Minister Benjamin Netanyahu says ah, very positive future. Ooh, all of Israel's friends in the Middle East. Those who are with us today. And those who will join us tomorrow. I say a salami. Peace onto the Showroom and ceremony at the White House World Health Organization coming out today urging Mohr Pandemic prevention, saying We're in a dangerous point, especially until there's a vaccine doctor Margaret Harris on Bloomberg says there are AH lot of candidates working on that important standing. We've got a very good chance of having at least one if not more. Excellent candidate because we've got nine vaccines building into what we call phase three trials and we've got another more than 150 at various stages of development. But, she says, when dealing with a lot of trials, there is a 90% fail rate. So it is too early to tell when good efficacy and safety has found, and Bill Gates, who's foundation has been working on funding a vaccine today with Bloomberg's Erik Schatzker says he thinks political pressure has cost the CDC and the FDA A good bit of credibility of the CDC is largely being written out of the picture. Because you people at the White House are epidemiologists, you know, saying what a great job they've done, And so it's. It's no longer a A set of experts. And he says he hopes politics is not playing at the lower levels where the work is actually being done in San Francisco. I met Baxter, this is Bloomberg. Alright, Eddie? Thank you. We'll check back in about 15 minutes from now for your update here on the Bloomberg Daybreak Asia. Our guest for the half hour is Zach Griffith C is right strategist at Wells Fargo Securities. Thanks for joining US Act. We've got a Fed decision tomorrow or at least an announcement on it may be a good opportunity for Jane Powell to kind of clarify what he laid out at the Jackson Hole Symposium on Adjusting the inflation framework. What do you expect to hear from from Powell tomorrow? Yes, thanks. We aren't expecting too much more by way of additional detail, and I sort of think the Jackson Hole. Virtual Jackson Hole events stole the show from This meeting, and what will really be focused on is what's going on with the summary of economic projections, which go out to 2023 beginning tomorrow and will be focused on What the median dot or 2023 indicates We expect the majority of policy makers will indicate they expect the policy read to remain on hold through the end of 2023. If you go back to Summary of out of projections from June to policy makers had at least one rate Christ in for 2022. We think those probably come out and perhaps you get one or two policymakers expecting Takes in 2023 was given a new framework that was released a couple weeks ago. We think that anything before 2023 is very unlikely at this point. A year, with inflation so far below the 2% targets. It's hard to imagine the dots reflecting much different to what you've just described. So where is this inflation going to come from? Can you see anything on the horizon that suggests that target might be realistic. Yeah, We think it's going to take some time to achieve that 2% target and above that 2% target with a new flexible. Average inflation targeting framework and, as people said this recession, and the shock from the Corona virus has been the largest disinflationary shock. Of his career. And so it's gonna take some time to I'm out of that. And our colleagues and economics do expect inflation to rebound. A fair amount in 2021 2022, but as far as the PC reaching that 2% target in that time frame It remains to be seen and could be a challenge. So it's really gonna come down to what happens with this public health situation if you get a widely First vaccine that allows economies open up. Perhaps you get this big boost and I think when you think about monetary policy going forward, and in a situation where economic activity is able to pick up in the labor market starts to improve the that is going Keep policy much easier for much longer as really worries about achieving and getting above that 2% inflation target. Where is in the past, they would Look too Them off any overshooting inflation, which that dynamic has really shifted with the introduction of this new longer a long run framework and average inflation targeting, But I'm wondering if, at the same time Zack they're a little uneasy about how quickly there's been ah rebound not only in the equity market but in the real estate market is well and whether At the margins. They're a little concerned about. I don't want to describe it is inflation. But let's say rising asset values. Maybe we can talk about that. We continue the conversation with Zach Griff,.
Microsoft Bid for TikTok Rejected
"Microsoft says its bid for Tiktok was rejected by China. they they announced according to Microsoft officials and other people involved in negotiations. The Chinese company Tick Tock rejected Microsoft's offer. Boom. So, Oracle is the last man standing. I should point to a New York Times article from a few days ago tick tock bid highlights Oracle's public embrace of trump. So So I think the the stars are lining up for Larry Ellison's Oracle to own. Tiktok what they would do with it or whether they would be good stewards of it is not an issue obviously for anybody except maybe the. Clay is that they're just going to reject everything because they don't want US company to buy them. Great. Yeah. I mean they announced I think they had hoped the Chinese government announced. that you bite dance the company This morning told the US tick tock rhythm is under no circumstances for sale. So? I think that was probably the hope. That? That would put the Kibosh on the deal. Entirely this is from the South China. Morning Post.
"larry ellison" Discussed on KOA 850 AM
"As well as options to buy her selections on Apple books. Latest list of the world's richest people is out round up the usual suspects. With a few exceptions. Jeff Bezos remains the leader of the pack for this year's list with a fortune of $179 billion as of July, which is a 57% from last year. Rounding out the top five Microsoft co founder Bill Gates, Facebook's co founder, Mark Zuckerberg, billionaire investor Warren Buffett, and Larry Ellison, cofounder of software giant Oracle. Eric, You want CEO of Zoom Video Communications, which is Benefitted in the work from home era was one of the 18 newcomers on the list with a net worth of $11 billion and President Trump's ranking dropping to number 352 from 275 last year, with his net worth falling to $2.5 billion as his property suffer during the Corona virus pandemic, Hillary Barsky Fox knew my need to revise that list today. Jeff Bezos lost about $8 billion yesterday. Elon Musk lost 16 billion when tax stocks plunge stock futures 0.2 gains of today's opening bell. Next money update Coming about 7 12 Pat watered Keita waiting for 6 45 Sports with B K Some bummer news about von Miller. Unfortunately for the Broncos and Allah Broncos country It's a sad day because yesterday, von Miller suffered a likely season ending leg injury. I broke the story just after 5 30 that the nine time pro bowler went down as Tuesday's first practice of the regular season was wrapping up. With a non contact injury on the final play of the workout that was inside Pat Bowlen Fieldhouse. The injury is too attendant in his lower leg near the Achilles and ankle. It's basically a dislocation of that tendon. The Empire results revealed that Von almost certainly need season ending surgery, but he is seeking a second opinion. With Bradley job coming off in a C L tear himself and likely playing on a snap restriction Monday, the opener the bulk of the edge pass rush duties. Will goto Malik read. The second year player was undrafted out Nevada last year and veteran Jeremiah taught you the team acquired in the middle of last season. They'll certainly be looking for help in the limited free agency market as well. The Broncos back on the.
Trump Expresses Support for Oracle to Buy TikTok
"Tiktok apparently has a new suitor oracle reportedly joining Microsoft and possibly twitter in expressing interest in buying. Tick Tock. Australian and New Zealand assets. Well, today we're getting fresh comments from one president trump on all of this. Let's get right out of Josh Lipton. With more on the Tick Tock Saga Josh. So Brian. President trump is now weighing in. Let me bring those comments saying Oracle is a good company that could take over Tik toks US business. He also repeated the demand by the way that the US Treasury must get some share of the sale and there must be a resolution here. He says by September fifteenth now I also checked in with ever course Kirk maternity covers the name I wanna Kirk take on this. He says if Larry Ellison can find the right partners and get the right price. Then maybe this idea isn't so far fetched she says, Oracle, certainly has the cash to bit along with another. Firm with a cash pile of forty, three, billion and counting and Kirk says, perhaps, oracle could see this as more of an investment meaning Larry. Ellison would find the right partner or partners and then spin out the business once it's officially based here in the US in that scenario, oracle would not be running tiktok. It would just gain a big. New. Internet, client for its cloud business storing and protecting all that user data and also checked in with Brent Tila jeffries bottom line. He sees this as a low probability event arguing that Oracle is an enterprise company doesn't know the consumer as a spotty track record of emanate. It's Microsoft Brent believes that is ultimately the better fit here for Tiktok one interesting wrinkle hoyer though is Mr Larry. Ellison. He has that unique relationship with president trump the very rare tech exact that openly supports the president even reportedly remember hosting fundraisers for him earlier this
Oracle joins race for TikTok, reportedly in talks to acquire U.S. operations
"Oracle has been working with US investors who already have a stake in bite dance to put together deal to acquire tic tacs operations in the US Canada Australia and New Zealand. Which? Oracle. Oracle if Microsoft as a home for Tiktok didn't make much sense. You than Oracle definitely doesn't right unless they're just interested in keeping it out of Microsoft's hands don't know quote detect company co founded by Larry Ellison had held preliminary talks with tiktok Chinese owner bite dance, and was seriously considering purchasing the APPS operations in the US Canada. Australia. New. Zealand the people said Oracle was working with a group of. US investors that already own steak and dance including General Atlantic and sequoia capital. The people added the entry of Oracle into the race provided by dance with a credible alternative to Microsoft's offers said, one person with knowledge of the matter twitter had also held early stage talks with TIKTOK. But there were serious concerns about the US Social Media Group's ability to finance the deal said people briefed about the matter and quote? But still? Oracle really.
Los Angeles: Trump says California cities ‘destroying themselves’ with homelessness
"President trump attended a briefing with US Olympic officials at a fundraiser in Beverly hills at the LA twenty twenty eight event Mr trump took a question about how he's going home was this crisis and how that might impact the Olympics they have one thing in common the leadership and the stone no reason that they should have ever happened our greatest cities and number one you look at the homeless and how horrible horrible situation situation that that is is what what also also look look what what it's it's doing doing to to your your city city is is so so disgraceful disgraceful these these cities cities that that ten ten years years ago ago when when the the most most beautiful beautiful cities cities and and now now people people walk walk away and leave and they they they just say horrible things can't let that happen so if they don't get it cleaned up fast we're gonna come in and do it following the fundraiser the president flew to Las Vegas on airforce one today he'll return to southern California take part the high price fundraiser in Rancho Mirage hosted by oracle CEO Larry Ellison and he'll go to Bakersfield sign rules to increase the water availability to ranchers and farmers
Oracle employees protest Trump fundraiser hosted by CEO
"Brothers Larry Ellison he is the co founder and executive chairman of oracle and he is going to host a presidential fundraiser this week on a property that he owns down in the desert for president Donald Trump you think that be a position of great pride for oracle employees but nope twenty three hundred employees of oracle of signed a petition against the fundraiser saying that the president does not align with oracle stated values of ethics and mutual
"larry ellison" Discussed on KNX 1070 NEWSRADIO
"The other wanted Limburger spent nearly a half billion of his own money going directly after the president while the other Democrats go after each other Bloomberg supporters like what he's doing and it's getting to Donald Trump was not fairing as many unsolved as he can at Bloomberg the feeling but when he tries to get under crops skin including because clearly work just Russia or the national journal and I have the benefit of making Bloomberg will pick a flat look look look look look look like some of it comes really scared of that some you can't say out for any of the other candidates that are there leave the field right now we don't know about Bloomberg get is how can he handle himself on the debate stage when he's attacked by those who think he's trying to buy the nomination to help and can extend seventy newsradio involve president trump will be here in southern California next week for a rare visit to our state is expected to be in the Los Angeles area on Tuesday that's for a fundraising dinner you'll also that make a stop in the Coachella Valley for fundraising event at oracle chairman Larry Ellison's a state that's in Rancho Mirage that have been set for Wednesday next week will include a golf outing and a reception some good news for the president going into this year's election and you'll Gallup polls out showing more than sixty percent of Americans say they are better off than they were three years ago when he took office no incumbent president in the past thirty years has enjoyed such a high percentage and nearly an equal amount say that Mr trump should get credit for the improving U. S. economy about fifty percent in the survey however say former president Obama deserves a fair amount of the credit closing arguments made today for the year from the defense for Harvey Weinstein at his sexual assault trial in New York correspondent Cassandra go J. reports the attorney made her final appeal to the jury total told jurors during.
Trump To Make Rare Visit To Los Angeles For Fundraising Event
"In depth president trump is making a rare visit to southern California next week not many details just yet but we do know he's expected to be in Los Angeles on Tuesday night for a fundraising dinner and on Wednesday the president will be in the Coachella Valley for golf fundraiser that'll be held at oracle chairman Larry Ellison's Rancho Mirage is state tickets range from a hundred thousand dollars for a photo op and golf outing for two up to two hundred fifty grand to add on a round table discussion the riverside county Republican Party chairman says having Mr trump visit the area shows that he understands that California actually matters in respect to being a Republican and a
Oracle co-CEO Mark Hurd dies at 62
"Oracle CEO mark Hurd has died at the age of sixty two he was on medical leave and the company did not disclose the cause of death heard led to Silicon Valley companies oracle and Hewlett Packard oracle CEO Larry Ellison says he will miss his clothes in a replace irreplaceable friend her joined oracle as co president in twenty ten just a month after leaving H. P. he resigned from H. P. after accusations of sexual harassment by a female contract worker and findings of inaccurate expense reports connected to outings with that
Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses
"Now work within the last couple of hours that oracle co CEO mark Hurd we'll take a leave of absence from the software vendor for health reasons founder Larry Ellison and the other CL Safra Catz will handle herds responsibilities during his leave in addition oracle reported as expected quarterly earnings and revenue there was a bit weaker than forecast oracle shares are down nearly two percent in after hours
NCAA's agent certification process draws concern, criticism
"The NC double a trying to clarify something my about what went on with their new rule where you have to have bachelor's degree to become an NBA yeah and the NCAA released a statement after drawing criticism and they'll continue to draw they said although some can and have been successful without a college degree as a higher education organization the NCAA values a college education and continues to emphasize the importance of earning a degree we are guided by recommendations from the commission on basketball which spoke with the agent and advisor community that the NCAA certification process should be more stringent than the current process cool story bro agent an adviser committee that sounds like a bunch of haters that sounds like Hey listen let's make it harder for rich Paul because that appears to be the only correct and the thing I don't understand is them saying in this one that you're going to let's get to that line and this doesn't make sense which benchmarks are new rules against the requirements for other organizations that certify agents like the NBA which also requires agents to have a bachelor's degree rich Paul is an MBA agent we're talking about this rule so much because it clearly is trying to exclude one ridge Paul and so I don't understand I'm on the N. B. A. P. A.'s website right now and it's kind of inconsistent to be honest new NBA NBPA agent application check was sent a copy of the highest diploma received or transcripts in PDF format and then in the frequently asked questions section hints more at the idea that if you don't have your diploma yet you need to provide the dates by which you might have been so that part is right click but might is the key word there my in my eye and I would like some answers from somebody who would know or maybe we can reach out Dominic fox four through how this was the CEO of the N. B. PA right for a for a little while there somebody who might know this because again all of it even if the rule is written in clearly fires in the place of what is in practice because rich Paul is an agent yeah he represents the vast majority of players in the NBA and solve all the sudden you're trying to tell me that he's not not and be be a certified I would ask what is that certification really mean read that line again about the highest yeah just as the lights were just as high as degrees haulage no it it does but I'm telling you there's something in the frequently asked questions on this website that hints at the idea of a bachelor's degree okay yeah so I'm saying I don't know when I can't say for sure yet so I'm not going to and I like that clearly but regardless like we see it in practice presents half the major power players in the league yeah and and here's here's more justifica are but just rational for why a bachelor's degrees not a benchmark for any level of success we just brought a few billionaires who dropped out of college for you Bill Gates Larry Ellison mark Zuckerberg Ralph Lauren Steve Jobs Michael dell dell computers so somehow despite that vaunted bachelor degree they manage to ridiculous rule it every capsule loosely in saying and we'll try and get a clarification on what that actually isn't isn't according to the website that junior
The Women Who Took on Silicon Valley's Male Culture and Made the Deals of a Lifetime
"There's a common expression business that it's a man's world. What is it really light succeed as a woman in a toughest business environment in the world Silicon Valley? My next guest is. Julian Guthrie who spent twenty years at the San Francisco Chronicle where she won numerous awards and had her writing nominated multiple times for the Pulitzer prize new book out it's called alpha girls, the women upstarts who took on silicon valley's Mel culture a made the deals of a lifetime. Julian welcome to the show. Thank you and happy to be here. And congratulations to you on show five. Years. I started a basement. And now I feel like I'm in top of the world. So what was your inspiration exactly had three my own startups until my wife said, okay, we sold the last one you're done. Go. Do something else though. I love it. So you'd be experience for sure what was your inspiration for writing this book about the women in Silicon Valley here. My last book. My last two books were actually very male dominated and the primary figures were these titans of industry in one case. Larry Ellison, the co founder of Oracle corP was my second book, the billionaire the mechanic, and then my last book was called how to make a spaceship. And it was I interviewed into the primary figure was this extraordinary man named Peter demand. Is who started the x prize, but I also interviewed Elon Musk and Richard Branson? And while I was out promoting that book and talking about that book with Peter talking to a lot of entrepreneurs and engineers in the aerospace, folks, I would look out and I would see. Maybe there were thousand people and ten were women. And I said where all the women in these really key fields of, you know, startups. Entrepreneurship engineers, basically fields that are helping to shape the future. And so that was my moment that I really wanted to find women who are who are finding ways to succeed. But how are they doing? So in these really critical male dominated fields. And so that brought me to Silicon Valley, and then is zeroed in even more on venture capital is a particularly influential little understood kind of industry that affects really how how we all live. All right.
Tesla's Elon Musk may be in contempt over tweet
"Well, some more drama at tesla today with the SEC facing a new round of fines on or punishments for allegedly. No, this is actually from the SEC on tesla, which is facing the fines or punishments for allegedly violating Elon Musk's agreement about what he does on social media shares. However didn't fall much on the news less than half a percent. Here are the views of David Westin. An analyst at MorningStar if you're cracked down too hard on them. He might just say I'm out of here. And you don't want that. It's a very tricky balancing act, and you've got a lot of friends family and very strong cheerleaders now on the board and people like Larry Ellison. They're not going to tell the on what to do they believe any long long-term, even so not so good to have your CEO facing, a contempt action from the
Emma Thompson leaves Skydance Animation project following Lasseter hire
"I'm Kim masters, and this is the Hollywood breakdown joining me as Belony of the Hollywood reporter. And Matt is you know, because we reported it John Lasseter who was the head of Disney and Pixar animation left that company some months ago amid reports our ports largely of misconduct of being touching inappropriately making people uncomfortable. I mean, I, you know, even the young women who worked at those companies were told they couldn't be in a room with him because he had difficulty controlling his behavior around them, which just shows you that this kind of thing has a very insidious affect beyond the people who are immediate victims. He was out in the woods for a little while we heard he was being shopped around we didn't think a public company would take him but sky dance, which is David Ellison's company. He's the son of billionaire multi-billionaire Larry Ellison they hired him. And now there's been some there was media. Blowback with women protesting time's up protesting feeling that he hadn't. Really explained that. He understood the misconduct and headed tone for it or had had some healthier that how to behave more appropriately. But now, there's a kind of blowback that might affect the bottom line, right? We saw this past week where Emma Thompson who had signed on to be a voice in an upcoming movie called luck abruptly pulled out of that movie when John Lasseter was hired. And it's an interesting dynamic now because this puts pressure on other talents that are involved in sky dance projects are they gonna start losing people, right and left or is this going to be a one time thing, I'm at Thompson has been very closely associated with the time's up movement has been vocal on these issues make sense for her to drop out. But how far is this gonna go? Yeah. I mean to be clear she hasn't commented. We just were told by our sources that and felt confident reporting that she left for this reason and skied ounce certainly didn't didn't deny that. So yes and guidance has promoted a veteran of DreamWorks animation. Holly Edwards now to be president of sky, Danna Mason. But you know, there's a feeling now. I think it's it's rough for her. I mean, she is among some women who will be given major opportunities to do big jobs, and it comes with this cloud over it. Because you know, it looks as though the optics are whether it's true or not that you're helping sky dance to justify this higher. The end of there's another movie in the works, which has a female director, you know, which is not that common in the you know, at this point. We're still seeing in live action and animation. That women directors have a ways to go. Do you take that gig? And I'll say just, you know, it's not even clear right now because John Lasseter is newly arrived. Whether these projects, you know, some of them in the works. I think luck was too far along in his is definite go. But some of these other ones, you know, he may transform the more decide that they'd sky dance shouldn't make them. I mean, this is an interesting dynamic that they have their now because as a woman in these departments, do you? You bail and potentially go elsewhere, or, you know, not advanced the cause of advancing women in the workplace in Hollywood. Or do you stay and try to reform things from within good question? It reminds me of the Woody Allen situation in a way where they're sort of allegations. And little by little talent said we're not going to work with this guy. And that we don't know if you'll see this snowball effect. Thank you, Matt. Thank you. That's Matt Bellamy editorial director of the Hollywood reporter. He joins me this Monday at two o'clock on the business. I'm Kim masters, and this is the Hollywood breakdown.
Tesla's general counsel leaves the company after two months
"Pothole out of the already rougher protests of the company's general counsel departing today. After just two months on the job. Here's the latest in an executive exodus that was extended into this year, including former CFO Deepak who who announces resignation less than a month ago. This is Elon Musk's tweets are in question once again after the tesla CEO tweeden late last night, saying the automaker would produce around five hundred thousand vehicles this year, then he clarified the numbers and say the total deliveries were mated at four hundred thousand for this year. Remember the order the company to monitor and review Musk's tweets following the infamous funding secure tweet this past August, tesla by the way is down nine percent this year. So the question here is has anything really changed as the board seemed to have any sort of control over the tweeted of Elon Musk. I hope not otherwise they wouldn't have allowed him to tweet that and then between a correction. So I think the board has no control whatsoever. Over him. I. Wonderful over himself. That's a great question. Also, I don't know. I think that I made Larry Ellison. If you think about who on the board would be in a position to have some sway over eland to me. It would be Larry Ellison. Not rub and down the new the new chairwoman of the board. I think that Ellison would billion dollars worth of stock. He's been he's built a huge company himself. He's been a brash kind of executive of the things that must would think is you know, that would appeal to him. But it seems to be the board has no control over him to me the boards number one. Most important job is hiring and firing the CEO, and I don't think they should fire. The CEO, this is what you got when you buy tesla. If you don't know you have much risk creep. Here's the question would love her down if tesla if if you on must were removed. I don't think the stocks prices indicative of anything here. Let's let's be clear. I mean, we've had the two biggest shareholders have cut their steaks and half the Saudis of hedged out of it in the last couple of days. I mean last night's tweet panic was no different than anything we've ever seen. And it's a CEO that seems like he's unhinged. I'm just surprised that a tweet panic does that indicate why he doing why is he collapsed p left people we saw during the indictment period, or whatever that the charges period that he has a major impact on this. My point is stick Tesla's stock price does not reflect reality in the last two weeks. We've had we've had the ten k come out we had them basically extend in being technical fallen a term loan. I mean, you guys can think what you want? I'm surprised that a lot of people are not responding to this especially in the sell side community because in fact, nobody's downgraded the stock at all. I think the most interesting thing is Catherine would who sat right here from Arkan vest. And she was talking about that one of the shareholders. Now, she has. Trim back some. But I think it's really interesting because she talked about two things that really stand out forget the tweets. I mean, I think this move forget it though because look what does this do today, but should the o be fairly aging? There's no doubt putting out false data a one hundred percent, he should not be doing it. But let's just forget that because the impact is getting less and less and less from the tweet that's very much like the president. However, she talked about the the battery cells, right and how you need to tesla. That's one thing. So that is something different. Everybody says well, everybody makes electric vehicles and all the rest of that. I think the other thing that you brought up is this Atanas billions of miles of data that they've got that has a value and fifty two billion dollar company at some point in time. You always wonder is this company ever something that is for sale is this something that somebody else would ever want to buy. And then all of a sudden you have to get rid of Ilan must which I think could happen. And I think that's something that could happen in the future.
"larry ellison" Discussed on We Study Billionaires - The Investors Podcast
"So pretty incredible story here it really kinda comes across and shows you how powerful an idea can go, especially when it's backed up with moral high ground sense of purpose not worrying about the money. He was after something that was deep rooted into his soul and not necessarily the external things. It's so many people start a business for obviously Steve not starting a business but taking over a business that he had created. And I think. That's a really really important thing to highlight. When people are thinking about what is the fundamental thing. Driving me to create a business. If you're if you're trying to go that route or to get the job the next job in the company, or or whatever it might be. I would strongly encourage people to think about that sound clip. This was just an amazing story. I never heard this door before. So it is well known that Larry Ellison and two jobs, really good friends thing there were more more than twenty five years. So we're close to being best friends, and they had this very special bond. Also reminds me of this quick story. And then I'll go back to Larry Ellison afterwards. But I reread the book creativity Inc by at Katyn Lahiri holiday where he also talks about this special relationship. He has to ask Steve Jobs whenever Josh were Quiring Pixar he asked this question to Steve that what if we disagree as to job answered. I would just explain it better. So you at what understand? I'm right. And you're wrong. Remember that is ridiculous. But anyway, this was relieved to to talk more about in their Ilisu nothing. I give credit credit is do, you know? I don't think he's getting a lot of credit if not any credit at all for him, you know, making apple happen to. Yes. He was not the iconic person that your soul there on the billboard. But he had an important role to play in rebuilding that company. I think this story also tells a lot about how underrated ler illicitness, I don't even know if we talked about him before on the show not an episode specifically about him, but just even passing. I mean, he's the seven richest person on the planet. If you look at the other people in the top ten, you know, you have base os, Bill Gates, Warren Buffett, MC saga Berg, everyone would be people that we know. And even you know, someone like Steve Jobs, and you're talking about I'm talking about him. Again, you I'm guilty as charged and us not at all as financially successful as Larry Ellison. It might be something to do with. We know these other products. We don't know. What oracle is doing? And perhaps you've been sitting here listening to this episode. And you still like I still don't know what oracle doing how did he make so much money? All right. So in the next question here Larry is pertains to how he developed his personality in the personality that he thinks contributed a lot to his success in how was formed at an early childhood. And here's his comments on that idea. Personality has changed much since I was five years old probably the single most important aspect of my personnel in as far as attorney might success has been my my questioning of conventional wisdom, my doubting of experts just because they're experts and questioning authority, and while that can be very very painful in terms of relationship with your parents and your relationship with your teachers, it's enormously useful in life. I was adopted with my own within my own family when I was nine months old. I was I was born in New York City. My mother was nineteen. She wasn't married and really was unable to care for me. Try try until I was nine months old. And then I was adopted by my maternal aunt and uncle in Chicago and moved. Chicago the south side of Chicago. I believed until I was twelve years old that that I was not adopted..
Voicea Eases Your Need to Attend Every Meeting At Work
"Voice here, which is a voice collaboration platform is launching a new offering to help you attend few meetings. And anyone spent any time in corporate land will just a big. deal that he's the one thing that I do not miss ease meetings. Especially me institute, discuss Bating's. Don't get me started. So voice is attempting to solve all those problems. And it's powered by an enterprise voice assistant named either. An even uses to highlight key takeaways in meetings and create actionable recaps in real time with ADA voice command life tap on the dashboard or simply powered by the and your keywords that you set. An Eva can also joined conference lines on Cole's in-person nap. And actually just allowing meeting goes to focus on the conversation knowing that the highlights automatically being captured. The end goal, of course, is to turn talk into action and half smarter me in to help us get more accomplished at work. Well, that was more than enough to get me on boats book elope and hold on tight. So I can be meal is all the way to California. So we can speak with. Toma, and he's the founder and CEO at voice here. He's gonna touch wadis technology is such a game changer for businesses. Massive warm. Welcome to the show. Can you show them? This is about who you are. And what you do. Yes. Good morning. My name is Marta Cole. Am the CEO of voice. And we built an enterprise voice assistant that helps make your work. They particularly your meetings much more productive. So that you just speak and our actions and takeaways that you can share with others voice. It is voice collaboration platform is launching a new offering to help people attend few imme- ins, which is sufficient that we all with a brace. Can you tell me more about the story behind it was he wanted to many meetings Tichy over the edge? Inside voice. So, you know, before this those running a company called blue kite was acquired by oracle, and it became the oracle data cloud. And from that position. I had the privilege of meeting with great leaders, I met with people like Sasha who's running Microsoft, Larry Ellison, of course, at oracle for Martin sorelle whole bunch of really good leaders. And the interesting thing about them is IBM meeting with them if it was one hour or two hours. The we're looking at you, the whole time ring gauging with you the whole time they didn't have their laptop open, you know, supposedly, taking noise notes, and then being distracted by like Email Facebook updates. They were with you completely present. I even had an experience with one of them where they left the meeting with me, and they're running like, huge company. One of the biggest companies in the world. They leave the meeting with me and within an hour and a half. There's an Email my inbox with the follow ups and the takeaways and having their lieutenants take the next steps, and what was embarrassing. They actually beat me. Me in terms of speed of follow up. So I was inspired by this idea of democracy is in the executive behavior of some of the best leaders in the world, you know, who generally had, you know, an army of assistance around them, even if they're not really an army of assistance, but they had people on their team that were helping make their life smoother. So I thought we could democratize that by doing the things that allow you to elevate and kind of be the best executive you
John Lasseter returns from exile
"KCRW sponsors include Amazon studios, presenting Cold War, named best foreign language film by the national board of review and the New York Film. Critics Circle directed by Oscar winning Pablo Pavlovsky a words eligible in all categories. I'm Kim masters, and this is the Hollywood breakdown joining me as Matt Bellamy of the Hollywood reporter, and Matt I guess yesterday was a good day for accused sexual harassers who were hoping to make a comeback. John Lasseter who left Disney and Pixar onto the cloud of multiple allegations of inappropriate behavior got a job at sky dance animation the company that is belongs to David Ellison. The son of very very wealthy multi-billionaire. Larry Ellison who gifted his son with a few billion dollars to make movies in Hollywood. Yeah. This is caused a lot of backlash within the animation community and the Hollywood community at large because it is probably the most high profile person to have been. In quote, unquote, metoo out of the business, and now to be back in, and we know that John Lasseter had been shopping himself around for months trying to get meetings with different people. Most of these companies are studios that are owned by publicly traded companies took a pass on him. This seems to be the one place that was open to it. And like you said it is not a public company. It is a private company owned by a billionaire. So the reaction within the community not good. Let me be clear. This was my story. I broke that story. And that is what caused his departure does the immediate cause of the departure from Disney and Pixar John Lasseter is brilliant animator with many storied films. I mean, Toy Story two frozen. Everybody knows this who knows anything about animation. However, this was a bad situation that had been allowed to fester. And while sky dance is a private company funded by private billions, it has a deal with paramount. The amount is not only a public company, but paramount is part of Viacom, which is also the parent of CBS, which has had horrible public problems with horrible sexual worst than sexual harassment allegations. And this is an embarrassment to paramount and a problem and a lot of people paramount is supposed to distribute sky dance animated films. This is a huge problem. Also for paramount. Yeah, we're hearing that people on the paramount lot or really upset about this and word saying, a why don't we just not release them? I don't think that's legally possible. But you know, we had a story in hide reporter today about talking to some female animators, and they are going on the record saying, I will not work at sky dance. If John Lasseter is there. That's a big problem because you know, yes, he's a genius. But what you just not gonna hire women. Are you gonna have all male all-male, animation company forgetting men and women? Like, there's a lot of men who are upset by this. Absolutely. I just don't I don't know when you're in a talent oriented business and talent has strong opinions about the kind of people they work with how do you operate a business? Like this win that's led by such a toxic person. And I will say that, you know. Yes, there has to be a road back. But what John Lasseter did was to issue basically an apology by press. Release a brief statement saying Oops, I really thought this all over and I'm really sorry. If I made people uncomfortable, and that is not the road back. I think we can agree. So we'll see I if sky dance wants to stay the course. But there are women running animation companies. There's a woman running Disney animation. Now co running a woman running paramount animation woman just aimed to run DreamWorks animation. So there is that. Thank you, Matt. That's Matt Bellamy editorial director of the Hollywood reporter. He joins me this Monday at two o'clock on the business. I'm Kim masters, and this is the Hollywood breakdown KCRW sponsors include focus features, presenting black klansman G Q hills. Black klansman is. The movie of the year nominated for three sag awards, including outstanding on samba cast in a motion picture and four critics choice awards including best picture of the year. This podcast was made by public radio station. KCRW our status has nonprofit enables us to make bold and unusual programs. But we need your support to keep it that way donate or become a member at KCRW dot com slash join. And thanks.
Giants Reportedly Agree to 20-Year Contract to Rename Stadium Oracle Park
"Shores and co founded by Larry Ellison, according to giants president and CEO, Larry Baer, the deal is on par with other recent naming rights deals for top tier facilities, which according to the quick math of the San Francisco. Chronicle puts the deal in the range of three hundred to three hundred fifty million dollars the name changes immediate and the science calling the stadium AT and T park are being taken down and replaced by oracle cited the deal represents a much larger piece of revenue for the giants. And the bonds the team with a tech giant oracle also remain on a bay area sports venue as they are no longer going to be linked with the warriors who are moving venues to chase center in San Francisco. The Oakland Coliseum arena will be renamed. This will be the fourth name for the giants waterfront ball. Park since it opened in two thousand bad news for the Oakland as their top pick from this last June's draft Cuyler Murray weapons to be the reigning Heisman Trophy winner will enter the NFL draft this according to multiple sources cited by the San Francisco Chronicle,
"larry ellison" Discussed on Grumpy Old Geeks
"Tell me what your you know, how much you're making how much you're spending. And that's what you need. And then I guess it really does make sense. Because that's, you know, Elon Musk is the is the great thinker as it were the idea guy, and you don't want the idea guy doing the doing the PL charts. You want a business person doing that? So good. I guess we'll see I don't know my stocks going up any since since then so any well, it's it's interesting, but just Larry Ellison is batch it crazy. All right. Well, apple stock has had one of those rare drops apple was halted on Wednesday. When the company dropped its revenue expectations nearly eight percent to eighty four billion had they had previously said that they expected eighty nine and ninety three billion in sales for the holiday quarter, by the way, that's ninety three billion. I'm going to say it's like, okay, we're gonna make eighty nine billion dollars this year. And you hold our stock. What? Yeah. This is the problem is happened. This is the problem with shareholder value. We've talked about this many times apple is an insanely successful company in the fact that they didn't quite hit a sales number just seems insane to me that that would cause stocked. Saw that just means I buy so I had a funny drone. So I can't buy any apple stock debt. Funny thing is that basically Tim cook is using this to clap back at Donald Trump. And basically saying that the reason that this happened is we didn't get the sales in China that we had hoped for because of the trade tensions and all the things going on with that. So we shall I think that's I honestly believe this bullshit. I think the reason that apple is not selling as many iphones as they used to is. Because they're overpriced they are. Overpriced there too good. The the the year upgrade cycle is dead. Why like I'm? Yeah. Phone. That's three years old and it works perfectly. Yeah. I've got an eight plus, and I was looking at my upgrade price, and it was like two hundred and seventy dollars to upgrade to attend. And then I'd have to get back and pay pay back the ten I could buy this this phone out for another four hundred ninety nine dollars, which I'm not gonna do because I got an eighty plus and but my eight plus works great. Even with a cracked screen. It works fantastic except for the fingerprint recognition, which we've talked about on previous shows. I still think that they're doing that. Because they want you to move face ID. But that is a conspiracy theory where you have to go buy your own tin foil. Anyway. Yeah. No there we're we're hitting peak phone we we are seriously hitting peak phone, there's not much more shit. You can put in a phone to make do more than a phony phone phone. Does you know? Yep. Exactly. Yeah. It's too bad. Because I really wish I sold. My apple when it was high. All right now in continuing stock news of a sort this this article actually, just really pissed me off. This is how Facebook slumping stock price could hurt. Mark zuckerberg's philanthropy plants this article is basically saying that Facebook stock is plummeting and sucker brook has pledged to give away or spend ninety nine percent of his face spot. Facebook stock over his lifetime to fund issues that are important to him like education reform in curing disease. So far he sold over five point six billion in stock according to Bloomberg. But after nine months of aggressive selling Zuckerberg didn't share any cells in quarter, four of the likely culprit these struggling stock price, which is down more than thirty seven percent since its high in July. Thanks to all the problems that they're having over there, so Burg. Yes, it's so the article kind of gets into it's understandable that he didn't sell shares because you don't you don't want to sell when it's at a two year low. But it's a coup reminder that Facebook stock price can have some serious impact on suck averse philanthropy. No, fuck you spike point five. Million dollars, which has now dropped to fifty three point eight billion dollars Crimea mother fucking river, fifty three point eight billion dollars. He can fuck and keep doing philanthropy. It's fine. If he wants to he can he's not hurting. No, I got three hundred bucks in the I got three hundred and fifty bucks in the Bank. Fuck you. I don't care. You know? It's just kind of. Yeah..
"larry ellison" Discussed on AP News
"Third party sales of puppies and kittens are being banned in Britain, the UK's animal welfare Minister, David Rutley said the vans part of a commitment to make sure pets get the right start in life. The decision follows widespread support for cracking down on puppy farms and making it harder for unscrupulous dealers that disregard animal welfare under the new measure people wishing to adopt a puppy or kitten would have to deal directly with a breeder or rehoming centre rather than pet shops or other commercial dealers animal welfare groups have praised it as an important step forward. Tusla's naming Oracle's Larry Ellison to its board effective immediately. The moves part of the settlement with US regulators who demanded more oversight of CEO Elon Musk was charged in August with misleading. Investors by tweeting. He had funding secured for taking the company private Tesla's also named Kathleen Wilson Thompson as a new independent director. She spent seventeen years at Kellogg and. Is currently an executive with Walgreens boots alliance. The Baltic nation of Estonia is working on an ambitious plan to make its government completely digital is. Tony is national. Digital adviser says the goal is to reduce bureaucracy increase transparency and boost economic growth as more countries shift their services online is Tony is experiment. Physical Imps of how interacting with the state might be for future. Generations is Tunisia has so far created one platform that supports electronic authentication and digital signatures to enable paperless communications across both the private and public sectors. There was still a few things you can't do 'electronic in Estonia marry do who's all transfer property. And that's only because the government has decided it was important to turn up in person for some big life events. Hi. I'm Megan crane AP digital manager and host of the podcast ground game. I look at the top political issues bubbling up around the country ahead of this year's midterm Elec. It's available on apple podcasts and podcast one. While you're there be sure to subscribe to rate and review it that's the podcast ground game..
Tesla names close Musk friend Larry Ellison to board
"Tusla's naming Oracle's Larry Ellison to its board effective immediately. The moves part of the settlement with US regulators who demanded more oversight of CEO Elon Musk was charged in August with misleading. Investors by tweeting. He had funding secured for taking the company private Tesla's also named Kathleen Wilson Thompson as a new independent director. She spent seventeen years at Kellogg and. Is currently an executive with Walgreens boots
"larry ellison" Discussed on KDOW
"No space. This talk dot com. Okay now. Yes, we're the market ended. What's up yesterday? Yeah. Yesterday. Did it? The biggest one day move was the day before yesterday. It was down in the morning then recovered in the afternoon and ended up up today, we have more of a mixed market with the Dow down seventy six points, the NASDAQ up five and the s&p down three. So it was mixed down today. So that's what we've been this. A very volatile week one of the most volatile weeks ever. And by the way, the worst December since nineteen thirty one the worst December because December Julian historically, but this is when the worst distemper sets team thirty one nine during the great depression. So okay. So what we see on the horizon. That's really what everybody wants to know. Right. Well, here's a Klopp quiz globally speaking which country gets the medal for the worst market of this year for two thousand eighteen what country was the worst market stock market year which country had that. Do you have any idea is China China? They lost two point four trillion in value in their stock market today. This year. Trillion with a t pretty big move. Did you see what's going on with tesla? They got to new independent members on their board because the SEC is pushing hard to do. So right. One of them was a was there. Larry ellison. We all know who Larry Ellison, founder of oracle who has the same kind of my mindset is as. As. Tesla's founder oh, gosh. I'm trying to blame for him. Ellison has three million shares. Musk. That's right. Belsen at three million Tesla's shares. I put Larry Ellison and must together might be problematic. Both have both have a very strong opinions about thanks. So that's gonna be interesting might get some fireworks two thousand nine hundred from those guy the other guy. The other guy is a VP from Walgreens, okay? So that's interesting. Very interesting. According to a New York Times report Facebook is attempting to tackle the misinformation and hate speech, listen to this carefully. Never they they have a platform, and that that enabled a lot especially in this most recent election. That enabled a lot of hate speech. And. Cooperated and untruthful things. And they're trying to do something about it. But it kinda kinda smacks of nineteen Eighty-four for some reason. The book nineteen Eighty-four, okay, everybody, they have a massive complex secret document of moderator rules, massive complex and secret document called moderator rules, reportedly it is packed with spreadsheets and PowerPoint is and it gets updated regularly regularly for its global content. Moderators the voices of the rules demonstrate that the social network is far more powerful referee and judge of global speech that has been publicly recognized or knowledge by the company. So the times has covered a range of gaps biases and outright errors, including this is where Facebook allowed extremism to spread in some countries while century, mainstream speech and others. This is big brother watching over us. And big brother just doesn't is not just not the government. It's big brother company. Got some property problems. So there's a lot of market news as almost every day, and I like reading it. I find it. Interesting. So I I do think it's really good. The highlight those things that are important, and I do that in my premium KP newsletter every week every Friday, we talk about what's important is happening in the week. Of course, I described tribute that every morning Friday morning, and it went out this morning as always. And maybe we'll go over some of the parts of it later on the day. They are on the show here. But I mean, we're doing else. Why don't we go ahead and grab a question? From my anytime lists eight eight ninety nine chart. From zuri wondering if you think it's a good idea this short skied long and. Thanks. Okay. Short.
"larry ellison" Discussed on Bloomberg Radio New York
"Larry Ellison, founder of oracle and Walgreens boots alliance as global head of human resources. Kathleen Wilson Thompson, what are your thoughts? Well, you know when we look at at the two Dame's I Larry Ellison. You know, it's well known that you know, he is a friend of he's he's openly stated he is a good friend of Elon Musk. He is investor large investor in tesla. Instead of the statements. He's made he could practically be the president of Yvonne much fan club. So in terms of someone who is going to come in. And maybe challenge Yvonne, Moscow war challenge. Play devil's advocate on some of the initiatives company. That's probably not going to happen. Kathleen Wilson Thompson, we don't know as much about. But we have someone whose background is software. Someone whose background is human resources. We could say maybe someone listen expertise in human resources might be good with some of the issues they've had an era of human resources and safety and the other areas, but what I would have liked to have seen is maybe some more independent thinkers, maybe not someone who's so close to you on month. Larry Ellison, maybe somebody with at least one or both with an automotive background, right? That could help in that regard or some stewardship in that regard. Okay. Bob blood, somebody with a family of of General Motors. Yes. Indeed. All right. Thanks very much. David cooed, let chief executive and chief investment strategist for mainstay capital. Our thanks also, Mike Regan. He is the team leader for the markets live blog on the Bloomberg. It is time to go to our ninety nine months. BDO's in Washington DC, Nathan.
"larry ellison" Discussed on Bad Voltage
"I'd be nervous. She's planning think that she she followed up on that whole IBM twenty fifteen thing, I think well after everyone except for maybe her knew that it wasn't going to happen guessing. This is a way for her on the way out to say, this is my legacy. I changed. It wasn't might not have been me that followed through and did it. But I was the thing that started the change brass. And I can't think of Besse person to hand that legacy onto the Jim Whitehurst. I've already shed my my Mauritian for him as a leader in multiple times on by voltage. I think he's remarkable. And is such a logical kristap him to go there the place that can think of him going. We'll be oracle way. Could have a huge impact. IBM doesn't have the personality. Baggage Oracle's got without Larry Ellison. Goodness. That'd be so it's going to be interesting in a lot of ways. I think obviously, they're not gonna IBM strategy. Here is not going to be straight public cloud. It can't be because they just have to the three big competitors are thinking too much. So what they're going do is like a hybrid where the we understand the enterprises, but we also will run on all of the clouds kind of thing. So I think while they're happy to take, you know, the cash generation machine that is the real subscription business. I think the real price for them. Here's probably open shift. Going to be interesting to see how they roll it out. The other interesting thing for me here. And we haven't touched on how this impacts the broader open source community is I don't think the board had a choice here. Once IBM gave you a sixty percent premium are on an already pretty frothy stock. I really don't think saying no was an option without a lawsuit. I think if you know if you're the board and your Jim and you say no to thirty four billion dollars. I don't know how that doesn't end in a lawsuit. We'll also who else would acquire red hat. Let's say they wanted to stay independent because many I know this is madness. But many companies do wanna stay independent these days because they they see how go even if they wanted to stay independent. I don't think it was an option on the phone. It was public knowledge. I I don't think it was something that turned out that goes suited to people just in the money, regardless. Oh, absolutely. Are the principal? I'll be honest with you about it. We've we've talked about how the acquisition of red hat will affect IBM and IBM's culture the other side of that coin is how will be a quiet affect. I mean, they have explicitly declared that could be a little ring-fence separate unit and nothing's going to change and so on and I'm sure for the first year. Wants to to our source. You mentioned knowing how aquisitions go so someone the other day mentioned I being Compaq which I hadn't thought about for gays who. There's not a good omen to put on a thing. Is it? So what do we do? We think we're still going to be the site three four years from now. I don't think so no. No, I don't believe you pay thirty four billion dollars company. Things remain the same. Doing before especially considering I can say sorry, just as I can see for Microsoft with get hub because Sacha has already had a really positive cultural impact of Microsoft, and that's a company that people wanna work for again and get hub is such a cultural anomaly in many ways that it makes sense to keep that to keep it relatively independent. I don't think that's the same. So so you argument age, the mugs ready largely made the changing poaching hobbies as a result of having made that change, but buying in older to effect the change as a result of already having done. So that's my theory at least, so I take a slightly different view. Although I have the same answer. Why they really can't separate forever realistically is that I beam has a massive portfolio of things to sell and too many of them directly compete with something from red hat far too many of them. So I don't foresee a future, which they keep selling web sphere and J boss or the multiple different stuff cluster competitors that and if you think of almost every red hat product, there's a directly competing VM product or would agree with that. But I call reasonable..
"larry ellison" Discussed on KFI AM 640
"Look the point of this is to reveal just that. This man does live in another century, Jerry Brown. We've got some audio to play down the first bit of news. Is that the well those suing high-speed rail lost in court again late last week. There was a judge you made a decision, and again, it was a group of farmers. We've talked about this before these lawsuits come and go sometimes appeal the decisions, basically, they were saying that, you know, the ballot proposition of the voters voted on ten years ago has not been lived up to and will not be lived up to. So you should throw this whole thing out, the judge wouldn't do it. Oh, well, but on the other side of this. You know, we're Larry Ellison is Larry Ellison is a extremely wealthy multi-billionaire who founded oracle software company. That's right. Founder executive chairman and chief technology officer of oracle corporation, seventy four I didn't realize he was that old. His net worth is about fifty eight billion dollars. According to his salary in two thousand seventeen imagine this forty one and a half million dollars. Well, he went on TV to talk about the Brown dog'll as it turned out as part of his conversation with Maria Boorda Romo, and he joins Alon musk and saying that the California's high speed rail is is ridiculous. So let's listen to the conversation piece with Larry Ellison talking to Maria bought aroma building this train in California is a very strange. We kind of bringing nineteen sixties train technology Japanese train technology to California, and you know, in in twenty thirty twenty forty you can have a Thomas cars, the Thomas, vans that will take you from your home. In San Francisco and drop you off to wherever you wanna go at the time. You wanna be there in Los Angeles. For twenty five bucks. Fifty bucks really something like that. The problem with trains must set it very well. Trains leave when you don't wanna leave from a place. You don't wanna leave from and take you to a place. You don't want to go to that time. You don't want to get there. And then you have to get into a car and then go wherever wherever you're going. It is a crazy system. It is. I guess the people who love it say, well, this is going to get people out of their cars. It's not true people are going to be an electric cars. The autonomously take them from San Francisco to LA at a tiny fraction of the cost leave when they want to leave arrive one they want to arrive leave from where they wanna leave from arrive when when when they wanna get their this technology will make that train one of the great embarrassments. In the history of governance of California. Have you told Moscow's have you told Brown? Muskie's, including Ilan Musk's trains ludicrous. I've had this conversation with governor Brown. I've had this conversation with President Clinton. But I think the train is is a powerful symbol. At not not a car. Just get out of the cars. It's not get out of the cars. Make the cars electric. You don't have to get out of cars understand. You don't want gas cars. Get rid of the gas cars, but don't don't get out of cars by thinking people are going to go into a train that goes from San Francisco to Sacramento down the central valley, the cost of building the train is astronomical environmental damage of building the train is astronomical cell, much better. Just by using. Environmentally friendly electric vans. Autonomously driven the take you from San Francisco Eliot. That's what you wanna do. That's the way to do it. It's not through this nineteen sixties Japanese bullet train technology. So. Larry Ellison between man who has a superior intelligence and Jerry Brown train man who can see the future. Yeah. Well, I think he knows. And it's the basic thing that we've talked about car is king and the idea that you can get in the car right outside your home and take it to exactly where you wanna go is very appealing to people. Nobody wants to schlep to a train station. Find a place to park, then take the train to someplace we gotta schlep to whether your final destination, and you sit in the tray next to the guy who's defecating right guy. He's urinating the guy who's masturbating. Right. And all you're doing is watching bodily fluids collect on the floor. Is frightening. Yeah. That's right. The guy at the gas problems. Nobody wants to nobody wanted to knowing talker. The the only glitch, and it'll be resolved someday is the electric cars are very limited in distance the day that they could get a car to go range of three hundred miles and charge time minimal charges. There should be as fast as it takes you to fill up a car with gas at a few minutes, exactly at an affordable price. So that normal people can buy it, not just the wealthy jerks on the west side. Then you're gonna have something then you'll have zero emissions. You'll have millions of cars on the road. Nothing will be going into the atmosphere. Everyone is going to be happy. You just have to wait till it gets there. And the the option is not to build an antiquated train that was antiquated decades ago. And then if he ever gets done decades from now, it's a museum piece. No one's gonna take it. No, one will no matter what the state of. Twenty forty. Nobody's taking the stupid train ever. And what didn't we even talk about it this conversation the airplane? It's still there. Oh, yeah. The airplane, even though you still got a schlep to the airport, and you're not gonna end up. Exactly where you want to go. It's faster. Yeah. Yeah. You're fifty five minutes in the sky to go to San probably price comparable, if not in some cases, cheaper than this Gopi high-speed rail because if they ever billed it. The investors are gonna want prices that bring them back prophets. They're going to make sure they're higher prices. And there are no investors. Still to this day. You know, you consider how much venture capital money. There is for every Kaku baby tech scheme. I mean, there's been a lot of crazy money burned up on really ludicrous. Stupid, tech ideas. I mean, you go to those tech billionaires. Salman almost anything, but nobody can sell them on high speed rail because it's a it's a backwards technology. These guys want to invest in spaceships that fly in the sky, right electric, space, futuristic technology. They don't want to invest in something from the nineteen sixties. Why would they do that? That's why you don't have any investors because it's looking backward sixty years instead of looking forward sixty years. That was a great great segment there with Larry Ellison when you were away. I went to the Gavin Newsom not for governor desk, and you know, where he basically is now on the high speed rail where he admits what we've said all along that central valley thing is just going to be a commuter line up to the bay area. And that's it. Yeah. Except we all had to pay for that. Because they've already moved along too far in the project. He thinks they're going to finish that. And that's basically, and then he went on to say on that's really going to be beneficial to those people living in Silicon Valley and the bay area. What about the rest of us had to pay for this aid for this commuter line? For people up north, right? There's another fraud charge. We were talking about how Carl Demayo and the yes. On prop six group wants to wants to recall Xavier Becerra because of the fraud he committed on the ballot by lying about propsects. This is another fraud. There ought to be a lawsuit here if they events are being a commuter line in the central valley to San Jose for ten billion dollars. Plus, well, yeah. Seven. California. We just got bent over and host. We want that money back. Yeah. We want that money back that should be massive fraud lawsuit coming up after four o'clock. We'll check in with Alex stone from ABC news for KFI about those caravans which are on their way to the US from Central America. John and Ken KFI. Debra Mark has news decaying head turned in at a police station in Oakland is not a Halloween hopes. The head is human cops say they're investigating whether belongs to a headless corpse found last month near by the FDA is considering adding sesame to its list of common food allergens. They're eight items on the list already, including milk eggs and shellfish. A photographer who happened to capture a man's proposal on Taft pointing Yosemite. National park says is tracked down the newly engaged couple. The guy and women are from Alhambra right here in so Cal. They were on the same lookout earlier this month where a couple from India fell and died last week. We have some trouble on the ninety one. And we will check in with the KFI in the sky. Next after the hot summer and all the horrible electric bills that you guy. Converting to solar now should make sense to you..
"larry ellison" Discussed on News 96.5 WDBO
"And I. Like this without bringing it to the radio show. And again, if you are new to the radio show. Every week throughout the course of the week while I'm doing a thousand news stories here at news ninety six point five WDBO. I always pull out a couple of interesting stories that I think would relate to this show or to the audience to the markets and this week's this week. It is the Forbes four hundred richest Americans now, we're all going to talk about the ones, you know, at the top of the pile. But before I tell you before we get into this. Let me let me ask you to guess who do you think, you know? And I'm sure you can name one or two right off the bat. Bright who do you think are the five wealthiest Americans five wealthiest Americans will one for a long time. My understanding was that there was kind of a virtual tie between two gentlemen. But I now know that one has exceleron past the other one I'm not sure what the actual dollars are. But the number one richest person is. Basil's Jeff basis as OTs dig naming naming nine you are right on it. And you know, for for the longest time, it was it was Bill Gates and Warren Buffett right would go back and forth is the richest Americans and bazo 's at one point in time he wasn't even on the list, and then he was like twenty fifth and then fifteen then tenth right, but he's just accelerated to the top this year. Right. So you have Jeff Bezos you want to take any kind of a guests at how much he's worth at least today. I know he pays his people. Fifteen dollars an hour. Fifteen fifty fifteen fifty. But then he had to take away their bonuses. That's right. It'd be able to do that. Because he couldn't afford it. Which is kind of ironic. I think the last number. I heard was a round one hundred and forty five million. Oh, that's pretty good. That's pretty good at the time. But I'll billion I mean. Yeah. Billion at the time of this article one hundred and sixty billion, but one of the big high powered high priced stocks that we always talk about on the show is Amazon and the way Amazon moves up or down twenty bucks in a day. His so his wealth varies quite a bit from day to day. How how would you like to be in a position like that? Where there's a bad day in the market, and you lose basically the economy of a small country. Right. That's how much money you lose one day, billions his wealth fluctuates billions per day. And Bill Gates is number two. But with significantly less money. So Jeff Bezos one hundred and sixty billion Bill Gates ninety seven billion poor guy. Warren Buffett third eighty eight point three billion if you have eight billion, I don't know you really need to you know, put the point three in there. But that's a that's a lot of Dairy Queen and cokes. And then we have Mark Zuckerberg, founder and CEO of Facebook. I'll bet he was a lot higher before his company got kind of beat up last earning season. Yeah. Few months ago, he may have been higher, and but he's he's by far the youngest. Sure. I mean, he's probably half the age of a lot of these some of these folks, he's got sixty one billion and out of all the really rich rich people that most Americans know about a lot of people are not that familiar with the name. Larry ellison. You say Jeff Bezos, you say Warren Buffett you say Bill Gates, you say everybody knows those and then you go Larry Ellison, a lot of people don't know that Larry Ellison. He is the CEO of oracle oracle still an extremely powerful corporation oracle as in software, but the kind of plan the background fifty eight billion for Larry Ellison because they used to be way up top people new oracle that name was part of the dot com. Bubble right. That things were taken off to the side. And I think Larry Ellison at that point was more. Well known right. Kind kinda faded into the background with his measly. Fifty eight billion. That he has one thing I've learned about Larry Ellison from from some of these other billionaires, and from you know, watching CNBC and all is he apparently has the best parties though. Oh is that right? Everybody says Larry Ellison has the best billionaire parties. Let me know next time you go I have not yet been invited. Okay. Now. Part of the reason we're telling you, this is because a lot of these people certainly Warren Buffett has has made his fortune in investments sure and in the stock market and the options market, really. But as you say options are a derivative of stocks. And also now that now that Jeff Bezos wealth. Rides on the stock market as we mentioned before, you know, his his wealth can swing five ten fifteen billion dollars a day based on the price of the stock. Yeah. I actually saw something the other day that that on October eleventh which was the other day when the market went down eight hundred points. A couple of those recently. But the first one and everybody started panicking about you know, how much you lost that day. I know it was a few billions I'll like five billion nine billion nine billion nine billion dollars in one day. Then he was still the richest guy in the world yet. I think that may be where the one hundred and forty five billion came from you talked about one hundred sixty I'm talking about one hundred forty five I know that math doesn't actually work if you lost nine billion. But he he took a hit that day. And like I said it's just crazy to think that the economy of a small country is is dropped when this guy has a bad day in the stock market. So if you think that you're having a bad day when the stock market goes down imagine some of these guys exactly exactly you know, what? But we have this much money. You're not as concerned about the fluctuations in the market. You know, what's nine billion here? What's ten billion there? But for most people when they're in the markets right now. You've got your 4._0._1._K or your IRA or something that you worked hard at to save and scrimp, and it's gone up in value for the past nine years when you have the potential of a larger move to the downside over the next couple of months to years. You know, let's just think this what if hypothetically what we're experiencing right now is the beginning of a major market moved to the downside now not trying to, you know, throw people into a panic here. I'm just trying to be kind of in reality right realistic. Because that's what that's what almost every so-called experts says, we're you know, we're that's where we're headed. Eventually, right. So if the market drops fifty percent from where it's at I mean, the market's been up since two thousand nine it's been up all over three hundred percent if we give half of that back. The question is where your portfolio sits right now. Are you comfortable waiting out the time that it will? Take to actually bring your portfolio back up from the doldrums of losing fifty percent. And he question how long does that take? And the answer is not really sure, right? There's no there's there's no direct answer. Right. Yeah. We've had a couple of what are called V recovery's just bounce off the bottom, and then it goes straight up. Right. But as we start to put these highs in place in the market starts to move down. We had to move down in February. And now we've had another move down in what is this month October, we moved down in October. And oftentimes when we have two of those types of moves in the same year, that's kind of forecasting something that could possibly move even further down. So if we lost fifty percent of the current value of what you have in your portfolio. Let me take you back to the year two thousand from the year two thousand up through two thousand eighteen the market has been up lots of ups and downs along the way, but the market's really only upset. Seventy two percent. And if you divide seventy two percent by eighteen years, then that means you've only made about four percent every year. And if you take inflation out of that conversation that's two percent year. And you take your fees out if you're paying fees and your mutual funds, or whatever you're paying for. That's about two percent oftentimes, so you're basically flat over eighteen years worth of time. So it's really important that not only do you learn how to recognize in the markets when they're turning over. And that's part of what we do when we teach our pet core strategy, but you also learn how to take advantage of those downward moves because if you learn to make money as the market goes up and learn to make money as the market goes down up down up down. You don't care which direction your long term retirement portfolio. Looks a whole lot different than somebody that has had to ride through to fifty percent retracement in the last eighteen years. Well, I know this is something that you talked quite a bit about at the workshops, and all, and I can't imagine there's many people when people become money is a very emotional thing and people become very emotional when when they're dealing with money or talking about their money or especially when they're losing money. And that's really the question. That you have to ask yourself now. And we talk about this all the time Chris for younger people that haven't been in the market that long. They've only seen the upside some of the older folks that saw the selloff or the correction, whatever you wanna call it into thousand eight and even back in two thousand they know how painful it can be. But what you need to ask yourself right now is how much money are you comfortable losing people don't like to lose money, generally, no doubt, experienced investors. And traders realized that losing money is a part of the game. But the more you can control it the less money. You lose the more successful. You're going to be right. So if you ask somebody how much money are you willing to lose are you willing to lose thirty percent of your retirement, forty percent of your retirement fifty percent of retirement, where is the pain come in for you? And what are you going to do about it? Yeah. I mean, people come to the academy for lots of different reasons right now, one of the big reasons is, you know, somebody says I've got I've got decent amount of money. I just aim to figure out how to protect it. There's other people that are saying my retirement account is not where it should be. I know that I've got to learn how to build it. But as the market's going down, how do I do that? So we answer those questions for them. And then we also talked to people that are just looking to maybe start trading for a living. They want to take this on as a business opportunity or maybe they want to just create a secondary stream of income. But regardless of your circumstance on what you're after. My suggestion would be to try to carve out some time and come to one of the the workshops and just explore the opportunities that are out there because as we talked about there is a lot of opportunity in the market whether it's going up or down. Yeah. There is so much opportunity out there. We can't stress it enough. And when you go to the workshop, and you learn a bit about four x and futures and options and the light bulbs started. Go off and you start to see how much opportunity is out. There believe you me. You will start kicking yourself in the butt that you didn't learn this stuff earlier there is an incredible amount of opportunity out there. So pick up the phone and reserve one of the limited number of seats that have been made available to radio listeners or right now. Again, the workshops are coming up this week and the workshop is valued.
"larry ellison" Discussed on Newsradio 970 WFLA
"A it's talk like a pirate day or talk like a buck near day. We prefer to call it and wanna give a shout out real quickly here to Ron and Katherine Kelly. And ran into last night and Ron listens. Every morning and Katherine Kelly is the late. Larry Ellison sister. Who was one of the stars on channel thirteen but seven twenty two Pat Donovan joins us right now, six twenty WD host and producer and who has been a co host on this show before. And this is a great thing that the buccaneers are doing in my opinion instead of taking and all that stuff. They're really doing something positive aren't they Pat? Yeah, they are. And I think it's something that you're gonna see. League wide. Maybe not every team. The Chicago Bears also announced a similar initiative, although I gave them a little bit of a ribbing on Twitter because they said that they were going to donate five hundred thousand dollars to social Justice causes and the buccaneers. I'm sure you know, yesterday said they will match up to a million dollars of their players going out and doing good in the community. So that's you know, that's good. Absolutely. A good thing. We win is what you're saying. Yeah. We beat the bears. I just think it's a great idea wonder who's idea it was to do this. Well, you know, what they talked about it yesterday, some of the players want a lot of these issues were kind of coming up last year sat down and they had a meeting with the glazers, and they talked about what was important to them and what they could do moving forward. And that's when Darcy laser caps wits, and then the believes her family and the buccaneers organization said if this is something that's bad important to our players. This is something we're going to get behind and obviously get behind with major money putting a million dollars behind this thing. And you know, they understand and they talked about yesterday the fact that they speak to the community they are role models and young people in in African American communities and mayor Bob buckhorn mentioned that yesterday often have adversarial relationship with the police, and if they see players that they look up to role models. They look up to having that line of communication, maybe something they open up as well. What was? The initiative like yesterday, what does it entail? Well, you know, I wish I got to do as much as the players did the players got to do, you know, why training with live people, and they went through different scenarios to kind of show them the split-second decisions that police officers have to make and it was interesting 'cause Gerald Dijon part about how they kind of failed in this emulation. And when you think about they said, hey, you don't realize how quickly these these police officers have to react, and these are professional athletes who have to react in their job as quickly as anybody. Right. So when they see that it's a really split-second decision with navy. We believe after react. And and they have quick reaction time. I'm like the rest of us. It really gets into their mind about how difficult that job as rumours. They put a fake gun in your hand, and you shot someone. Listen, I had to see how it felt the reality is he dropped his gun, and I shouldn't have shot him in real life. I wouldn't have him. But I had a shoot them. I went through that thing. We did a mayor's our out there one time when I was doing the mayor's our Bob buckhorn. And we did that thing, and it's tough awesome. Bouma guys there. And you think he's got a gun, and you're gonna shoot him because he's going to shoot you. But what's he didn't have a gun? Then many helluva harder Java, you know, in a simulated situation like that. It's kind of a fun thing. But when it's a real thing, and you're out there and a guy comes out. And you think he's got a gun. You can't say, well, there's he have a gun or not. Let's see. Oops. I shot him. Sorry. Was that? Right. And by the way, Jack Harris, I need your help. I need your help to shame Aaron Jacobson because sheriff Chris nocco the day that I did fill in for you actually gave us the opportunity to help raise some money and said if we raise enough we can go on a ride along on live PB and Aaron wants to chicken out, and he told me the only way he's going to actually go through with it is if you shame him Jack shame Eric Jacobson into going on a lie PD ride along with me. I will shame him big time. I'll guarantee I've done it before is it is amazing. Hey, wanna thank you Pat for being on board. This is such a great initiative and thank you for laying it out there. Thank you, boys. Good talking to you this morning. And we'll be hearing you on AM Tampa Bay in the not too distant future. I do believe me. Sounds really good. By the way, we gotta do our Siri joke of the day here because I keep getting them from people. And what's what's the scoop on Siri? Hey siri. Tell me a joke. When the librarian bumped her head she had no one to blame. But herself skip to the Luma Darlene who. Better. Killed it on the punchline. I saw this one on. I think it was on Twitter or Facebook Nancy Alexander, you know, who Nancy Alexander is. But a starving artist is always baroque. There's always baroque and.
"larry ellison" Discussed on Recode Decode
"You also had Scott mcnealy at sun at the time, Larry Ellison, right at oracle, but so I got involved with that. ALL at the time was very much a l. Time Warner merger was a hearing I worked on. Yeah, back then. So a lot of these things gotta come back and then. Copyright as well. It was the digital millennium copyright act, right? I wasn't the principal staffer on that, but I was there when that was happening. And there was interesting time because there were a lot of provisions and laws that were made right then that has to this day has huge impact on secular street. So what did you think at the time I wanna get because I want to get, we want to move forward today, but what was your inkling at the time as these were happening? Because the micro merger, everyone thought it would take care of the situation that it would free everybody up to compete and everything else. And then all happened is there's enormous powerful companies now, and now there's lots of them. Yeah. And you know, I think the merger probably allowed for some of those companies to flourish. Yes, absolutely. You question you kind of never note. That's one of the always the challenges, an amateur threat Forsman, right. It's always prospective, but you also you know, you you. That's why sometimes the job is difficult to always have to come in every day and try to get it. Right, right. And because you don't want to hinder innovation, you don't. That's, I think, are most. Important aspect of US. Antitrust law is not hindering that and actually creating the culture for innovation partly because not partly, but largely because innovations actually what creates competition to topple incumbents presumably. Yes. So I mean, you know, you have, you know, a Netflix or Amazon that provide consumers a what they wanted, and they could have probably had had the many MVP's allowed for that. Right and BPD's being the cable operators or others. But when the incentives aren't there, financial do that all of a sudden you have now with the advent of internet streaming, just incentives the thinking of doing it right. The could be thinking, but when the incentive isn't there, it gets killed. It gets killed. That's why you have entrepreneurs breaking off and starting these little startups impacted that. We're going to get onto the next section, but before finish this, what what impact you think the Microsoft trial had when you look back on it? I think it had. A number of impacts. One. Importantly, it reinforced the consensus antitrust view which was upheld by the DC circuit court of appeals under traditional, and I trust analysis that was applied to those acts. So Joel Klein and the Justice department who brought the case and tried that there's a lot of folks naysayers. You know, you guys are crazy what is happening there, whether it was, you know, certain editorial pages, you're interfering with business, but at the at its core in my view, antitrust is protects that free market. And that showed that those practices were wrong and they were crushing innovation, right? So I think it made perhaps Microsoft a, you know, with a better corporate citizen, you know, their business hasn't been harmed, but other businesses were able to get off the ground, right? I think, you know, I don't know if apple would be. The trillion dollar company had not been for that, partly because a new phone would have come on and he would have had to have had the operating Microsoft operating system right rather than the apple, which then flourished an app store and and others. So I think a lot of innovation has occurred probably because of that, but you know, who knows what's interesting is people don't realize Google came after Microsoft, really. I mean a lot of things, things that you don't even think about came after that trial. Google have survived, had Microsoft wanted to put its own search engine as the preferred search engine in every operating system, which is ninety eight percent of every commuter and then every phone. Right? And the only search engine you could have had because without it, you wouldn't have been able to have access to the operating system right then where would that search engine have been, so you know how to phone because Microsoft is a lot of disdain for phones at the time if your member. I mean, I remember a lot of companies who have a lot of disdain for new technology..
"larry ellison" Discussed on Stay Tuned with Preet
"And if you look at one of her early backers, Larry Ellison, you know, he was absolutely famous in the early days of oracle for totally over promising about what the oracle database software could do. And for shipping early versions of that software that was crawling with bugs. And so in her mind, she she was gonna follow that that playbook. And so I actually recently come to learn this expression that I think applies well to her, and that expression is noble cause corruption. She felt strongly that the caused that she was pursuing was noble one, therefore, all the cheating along. The way to get there in her mind, I think was perfectly justifiable because the cause was so noble also known as the ends justify the meat, yes, but along the way in order to get, you know, more respectability and more investment, she collected a who's who of famous people, mostly men who believed in her in her vision, take us through a list of some of those people who either became members of the board or made huge investments or who otherwise about for this unproven technology. Right? And so I just want to start by making a distinction between the early investors in the later investors. You could say that all the investors who came in during those first three rounds were early investors who knew, you know what the lay of the land was theranos was a brand new company like all startups, the odds that it would succeed were low. On the other hand, most of the money that their nose raised in that Elizabeth homes raised came in the later rounds after the fall, two thousand thirteen. Eighteen after theranos went live with it's finger stick tests. Seven hundred million dollars of the billion dollars was raised at that point. And the reason that was outright fraud is she used the fact that she had commercialized the technology that she had gone live with it in stores in California and Arizona to say to these new perspective investors. Obviously, our technology is real. We've gone live with patients are using it. How could it not be real? And I think in in on top of that, we have people like former secretary of state George Shultz, right? We have media baron, Rupert Murdoch, right? We have the prison who would become the future Defense, Secretary General Mattis and their associated with great integrity. You don't always agree with, you know, their their views, depending on your political stripe. That's an impressive group. As you recite in your book missing from the board was anyone who actually was an expert on blood? That's right. And you know, in hindsight. That was an enormous red flag. In any case, that board did serve its purpose because one investor in particular was a hedge fund based in San Francisco that put in almost one hundred million in early two thousand fourteen and one of the one of the factors that swayed them into investing was that sterling board. And then of course, you know people such as Rupert Murdoch whom you mentioned and Betsy DeVos or current education secretary the heirs to the WalMart, fortune the Waltons put an hundred fifty million. Explain something. I think it's fascinating in the story how she got the trust of so many folks. What was the what was the nature of the force of her personality in her to meaner. Right. Well, I would say that the pattern that emerged early on was that she would win the backing of someone who was older and who had prestigious accomplishments, and therefore a good reputation and the first person she did that. With was her Stanford engineering school professor Channing Robertson who was a star of the Stanford faculty, and he gave her credibility when she went and met with VC's early on. And so she then pivoted. So to speak to George Shultz the former secretary of state who whose houses right off the Stanford campus..
"larry ellison" Discussed on Recode Decode
"She met don lucas donald l lucas who was a very well known venture capitalist and who groomed larry ellison and helped him take oracle public in the mid eighties and he became chair of her board i believe in two thousand six after he invested and she and and really lucas in the early years gave her credibility cover and then and then lucas unfortunately got alzheimer's disease and so she turned in two thousand eleven to george shultz whom she met through someone at stanford and she she managed to wile george shultz who's way happen to know through my reporting is as passionate about science and and pretty soon you know they were meeting on a weekly basis and he was joining the board and then she used her budding relationship with schultz to meet all these other very famous x statesman and military commanders who are all senior fellow at the hoover institution it's a stanford institutions conservative actually it's a it's a more conservative bent on this campus of stanford and think tank that has its building squarely in the middle of the stanford campus and among the other senior fellows there where people like kissinger and sam nunn and admiral rough head perry the the former secretary of defense recently and i felt like it was going to get old white men poisoning but that was just me so it's really it's a real it's a real place is so one after the other she recruited these guys who by the way we're all in their seventies eighties they wanted they wanted an and who didn't have any experience to speak of except bill frist was once upon a surgeon yeah a he was arguably one of the only two on their nose board who had anything to do with healthcare and she promised them stock in exchange for for joining her board and they wanted to get on the silicon valley thing too i think so yeah they couldn't get into facebook but hey we're still relevant we're gonna play it's hard is a very heady when you're there and you're not part of it and you definitely like right now with bitcoin and crypto like everyone i i literally have billionaires being like i gotta get some and.
"larry ellison" Discussed on This Week In Google
"This is a lot of this has to do with personalities right google's go out of money they may the the circuit court even said google forty two billion dollars on android they should give some of it to oracle no larry ellison already owns in hawaiian island he doesn't larry's just fine if you want i went to pitch my stuff i wrote a story on this actually two weeks ago not on the lawsuit but on the role of api's in how they're expanding from pure tech to a business tool so if you're excited about api's maybe that's it so this is a weird case by the way because it it it changed over time because of various rulings and oracle trying to find ways to keep it alive so after alsop turn it down and twenty twelve it went back federal district federal circuit in two thousand fourteen reversed alsop also found the job api's copy writable but gave google out saying this is the f f a little more accurate giving the possibility that could have fair use defense right and you have a fair use of copyrighted thing now that's frankly what all of the subsequent court decisions have been on not whether you could copyright an api that actually was considered settled what isn't settled is is there a fair use defense against reusing the api google ask the supreme court to review it the supreme court said no the case went to.