19 Episode results for "Minarik"
Little Happier: If You Have a Fur Coat, You Dont Need Snow Pants.
"Support for this. Podcast comes from fidelity investments. Join us for season. Two of fin point or host mark squires invites industry professionals to discuss how firms can better connect with clients improve productivity and build even smarter businesses. All episodes are available wherever you get your podcast national financial services. Llc or fidelity brokerage services llc members. Ny sipc nine three nine zero nine one dot. Three dot zero. I'm gretchen rubin and this is a little happier. I love children's literature and young adult literature. And i also love picture books because i love them so much. Although we gave away three giant boxes of books to my sister elizabeth sanjak when he was young. I still have many shelves of my favorites the other day out of the blue. I found myself reflecting on an incident that even when i read the book as a young child struck me as profound and paradoxical it happens in one of the four short stories in the wonderful nineteen fifty seven book little bear by elsa homeland minarik with pictures by maurice sendak little bear by the way. It was the very first book in the famous. I can read series in the first story in the book. What will little bear wear. It's a snowy day and little bear tells mother bear that he's called and asked for something to put on so mother. Bear makes him a hat. Little bear puts it on goes out to play and returns to tell mother bear that he's called and asked for something to put on so she makes him coat he goes out he gets old. Mother bear makes him snow pants and he returns and once again tells mother bear that he's cold she asks by little bear. You have a hat. you have a code. You have snow pants. Do you want a fur coat. Too little bear says yes. I a fur coat to and the story concludes. Mother took the hat. The coat and the snow pants sees said mother bear. There is the fur coat. Her raised a little bear. Here is my for coat now. I will not be cold even as a child. Mother bears response of taking back the hat and the coat and snow pants away from little bear. Puzzled me yet. it also seemed extremely satisfying. What is meaning of the story. Does it mean that we get so distracted by asking for things that we forget to notice what we already have. Does it mean the parents by trying to help. Children cope with outside. Challenges may cause children to overlook the inner resources that they already possess. Does it mean vocabulary and attention matter and being told that you have a fur coat is enough to keep you warm. I can keep going like all the best stories this story. Although it is so simple holds many meanings if you wanna hear a little happier about another one of the stories in that book about the story. Little bears wish when little bear says to mother beer. Tell me about me. Tell me about the things. I once did. I'll post a link to it. And i'll also post a link to the book. Little bear in the show notes. I'm gretchen and i hope this makes your week a little happier.
Trumps 3-year report card
"In the greatest of all three year check INS for marketplace in Austin Texas. I'm Andy you learn in for David. Brancaccio today marks three years since president. Trump's inauguration the unemployment rate is near record lows but the federal deficit is higher marketplace's Nova Sophos has more on whether the economy is better or worse now as opposed to what it was in twenty seventeen. The trump administration has raised tariffs cut taxes. Increased government spending renegotiated renegotiated. The trade deal with Canada and Mexico and yet despite all of that the surprising thing is that the economy that trump inherited the Obama a academy and the Economy Today Book surprisingly similar. That's Gabriel Charterer Reich who researches macroeconomics at Harvard GDP growth was around two who percent when trump took office it spiked for a while. But it's back around to now. Wages are up more than two dollars an hour on average. And what's really different. Says Economists Joe Minarik of the Conference Board is worries about the future because more trade tensions could further disrupt supply chains and what that means is he's in. US products will be more expensive. They'll be less attractive to US consumers and they'll be less competitive around the world and that admin access could threaten future economic growth. I'm Nova Safa for marketplace. Most of the entertainment industry is unionized actors writers producers the crew. But not the forty three billion dollar video game industry and there's a lot that goes into those games Margulis Jasmine gars reports the CWA the communications locations workers of America. One of the nation's largest labor unions is is out to change how video game developer representation works eleanor. takeout worked on the walking king. Dead video game a few years ago. No don't maybe he says the period leading up to the game's release was like a Zombie apocalypse itself. There are certainly people. I would see occasionally panic attacks hallway crying depending on how bad things were getting. An Kenema is spearheading the unionisation Shen campaign. She's a former developer. It's really important that our passion helps us make better games and more innovative games but not open ourselves up sexploitation from her boss. She says developers deserve more reasonable work hours during crunch time and better pay. USC Professor Dmitri Williams Studies Video Games. He says the industry has resisted listed unionization because it sees itself as more Silicon Valley than Hollywood end. So you have. People used to doing engineering work in engineering work hours. But but workers are starting to push back on the idea that panic attacks and hundred hour weeks. Just come with the territory. I'm Jasmine Guard for marketplace. Instead the numbers the markets are closed for Martin Luther King Junior holiday. The footsie in London is down. More than two tenths percent the CAC in Paris is down the same raves. The DAX in Germany's up a tenth of percent. Awesome the longest running being strike in French history. And that saying a lot could be nearing an end. One of the biggest rail unions in Paris agreed to suspend its strike against the government's pension reform plan today but other unions have vowed to continue nonetheless. The forty seven day. Protest has taken a toll on business and the country's finance minister now expects the disruption into knock a tenth percent from quarterly growth from Paris. The BBC's will bain reports. This has become the soundtrack to this winter. In France protests loud colorful sometimes even tuneful thousands of people around the country of taking part in what is now a record-breaking strike in the country which has a somewhat rich history history of long bouts of industrial action worse here has been the capital Paris where travelers irregularly greeted with this warning in having a devastating effect on businesses particularly small startups agenda Coen Salau founder and CEO ooh Posh Patisserie and cake for Lou. Team explained today. Don't have the luxury to think about my pension. I just think about how we end at the end of the month. False company like us. It's a survival question you. We had to find a solution for winter holidays. We succeed but now in January it begins to to to be complicated and actually we lost like fifty percent of our business really. I think if it lasts like more than the malls we will be in danger and it's not just businesses who deliver feeling the pinch but businesses. Who will need people delivered to them? Just Fontaine let the East Costa Paris more than a decade ago and sat at the bar in the Lamari branch of one of his five bars and restaurants told me about how the strikes hitting both his staff and his business. It does. This hurt our workers that they can't get to work and they have a hard time getting here but also getting home so they might not come certain days or they also have problems finding babysitters sitters and all this other stuff. So you have on one side it being difficult for us to stop the place and on the other side our guests cannot get transportation nation to come so we're talking about a decrease in business over the last thirty days depending on the location thirty to fifty percent. So we've been kind of a little bit in panic mode merge the government's being clear it's going to push on with these reforms regardless of the protests. Saying they were elected to do just that. So how perhaps more importantly for businesses across the country when this all ends is now the million possibly even billion euro question in Paris on the BBC's wilbanks for marketplace Toyota US assets going to shift its Tacoma pickup production from right here in Texas to Mexico. The announce shift comes a month after two started tacoma production at a new plant in central Mexico Exco in addition to another Mexican plant in Tijuana that had been producing tacoma pickup since two thousand and four. It Says No. US Jobs we lost as a result of the change in Austin. I'm an Euler with the marketplace morning report from A._P._M.. American public media.
Ep. 109: Riding the Homegrown short-form Video Wave
"I like to thank retail for sponsoring. the shows. Rato's inaudible platform that allows you to listen to audiobooks wherever you are on your mobile on your pc. Wherever you want to listen to them you can get a great deal. Storyteller dot com slash hyphen. This week i'm going to recommend a kite runner by khalid husseini. It's one of the most famous books that i've seen. Is that all the bookstores. but his such a beautiful read if you haven't read it to give it up. It's about the story of afghanistan between the end of the monarchy to up until about two thousand or so just post nine eleven really really interesting stuff. Give it a listen. It's just a great book. You can go get it. Asteroid l. dot com slash. Ibm when you go and sign up at this link you'll get the first month for just hanging onto a piece of two hundred nine thousand nine hundred off. Go check it out. Storyteller dot com slash ivy at the short form video space has been one of the most interesting spaces to the cat not just in the range of competitors in it and the opportunity but also the radius huddles recent that have its market dynamic from an indian context global players have had to compete with homegrown apps and the ban on tiktok led to a very interesting journey for many of them in the months since in late december. I had the opportunity to speak the founder of one such when grown up metro younger. We'll talk about not just your but unity in the space. Also the week is looking at the very essence of being homegrown as a core value of their business. I'm looking to get back Did come learn and experienced. Abcd's of being with me shania through and me for hard on our show. Gabe cd the two of us stations. Who are stories and experiences of being airman in the city of mumbai and candid and sometimes downright scandaleuse conversations about sexuality gay culture and everything in between catch new episodes of every tuesday on the podcast website up over ever. You get all your podcasts. From but come back to advertising his debut. Welcome to the show thanks. Thank you mia edmund. The first we connected. And then i was kinda thinking about what if you could talk about one of the things that as started looking at the entire landscape of the entire space. The shark phone reduce for me is the most interesting space to follow. Because everyone's got to something in it and also it's not just about the product. It's about how i would say. Politics and countries have gotten involved in this face. But it's i think it's the most amount of intuition in content creation is also going to happen to your so i i kinda start off by asking you ward was your interest in the space gonna get into it. And how do you see this entire landscape right so let. We begin with Right that we have been looking. This is a species reduce is Since no and of i started. I did was You know When when financed which was languages are battling surveys so it's a piece of software that is stolen. Mo what is your do. It will be powered by subtitles by us. I mean where we are seeing. You know that the get back a mostly the consumption of orlando's used to have been on busia laptop strayed a decade later seeing that more than seventy percent reduction of falling contenders especially reduce happening with mobile races. And what is in you know. The companies started Decayed beck mostly. Most of them jumped mobile era. And thirdly enter into a television waste that you know on mobile devices. People tend to lose focus vaneeza And to what these are basic hygiene factor in mobile i rueda's rate and Yes so the companies in the shard rudas is mingling. Some good work on that scene is does content has been more on humor and it was a a general. The views did agree to speak in the and especially if they use a segment as the lead. But we thought that you know this. This null nimick to that target audience. They're going to each we. This is a unanimous education that an alleged we. This is eight hundred to reduce You know can be any any rate. So there's must is read and nie-nieto illness is You know people know who have used to s.'s. Competing to raise new a loaf And wounding in getting used to such content rate mobile devices door to have the luxury of you know very good prevent network rate you need elect from the nestle You know him does flood while i reduce and that we started focusing on mobile i just utilized because Something that's no longer snuggling today. And was you know you can target each and every segment of the use of way that now. Oh yes there's been an idea. We started begging that bill sardi in much and got offers. Version launched of employees. It's a it's a very interesting have started. Considering what happened towards the end of much definitely and i think it will hungry of does on on on and that's what we've seen is a good opportunity to be in at and that's what we lost along the as we know looking back a lot of except i a leg booting than uses. Where on issues. Most of us. We can expect a company to delivering something which is a finished product. But of course the low of the people not to lead accelerated. Actually give us a feedback as many feedback regard. I mean if you see a we have four legs around for legs abusively store and that sorta your company even a year. Old is is a phenomenal thing. Rate and Destler art. I mean the responsibility also in on i should to be delivering. What would expect. Asian has been on up that phone. We have been working very hard on nick. When he started in the plano we would just do musty. Mobile cross ops and no marketing couple of steps back. If i look back at even adoption for short fugger do Was people who were. Let's say in in metro cities but a lot more focused on for video app's Stuff all the action started off in. Let's say do cities day. Three cities property a sequencer. Nicole from that kind of all of this out there and from there. It's kind of award the space for like you're right so many categories are even actually doing this that there is enough specific kind of occupy if i go back to a new kind of kicked off the campaign. We're starting off until now. How do you see the programming. Bottom and what have you been able to bill into it. Basis what you understood from consumers whatever added in a hobby position it is if dragged you know the story of us go became a bit of back sixers Back and what is a different direct with alert unique features and you know Use of wing defend things. Even the lord regenerative very simple. It's not as much as would then in before trade and wanting their real done Claudia's made meals very like. I mean most whistle. The videos seeing was doing very good and dealers. It is very good but we realized that these performing that really not learning twenty. Three species lust. Arto you really want that experience and we want a real user is living twenty s and the us schools should be using emission without any. And that's what we evolved. Who make readers team in this via worked a lot on data understanding users. Who are so at in. Says there'd be got bike and lazing there is and we are lending more each from the data so from being a gut feeling driven. Data is something that has been also vision in egypt. Everyone from because the space is so crowded on one and you have no apps features which are global and local ones village gonna cropped up in the market do and a lot of them have let say mainstream backing so you look at someone like a like a dark or or jewish etc. Come from a certain amount of back nick cetera. Looking at other you trying to position yourself trying to position yourself differently from all of them. Because i think what everyone's gonna struggling with a little bit right now is to say that okay all this short form video space or does my difference for his orders. My beg which a bundle wants to come on to there are multiple career. But i just want to get a little bit of thought into that. So i won't be going to debate. Get off lever of so as i said me lost Ideals not listen even to create our own said before you know except entertainment of this disposable or do we use in something with education elaine You know which people can start seeing it in the most serious minarik visited so big so is all your officiating. Contenders bid adventure. I don't think there is any company who strained to build a new talk every company. Just drink do we started. We never wanted to be just doing what not towing company is doing but to create our own niche and your co content on middle. You will get the okay. aren't they. Cover suspect to kind of a started offered. If i look at it from before founding mitchell i know there's a period at make metropcs said i love to hear how that entire journey dan can lead to. You started app of so here and the joining my trip I lost her startling for destroying begging and sixteen. And i've been to this earth startup getting so yes it will start to his so i have been a key by heart and i love to solve real world problems giving and being a make my trip needing production meet. My trip has been a very experienced eight up to do things at skin. Outdo innovate at skin is something that Gopalan mcmichael happiness. I met an issue during western metro and We have into Formerly we have been to walk a couple of dicks rather make migrant and he kept on a project to my good mcgregor so yes a of learning of a relationship that i got to senior management and with might be made metro and as we know reason may metro group. Ceo has been The prime minister in mitchell so that jimmy You know that leadership there'd be built make a currently void isn't about being an entrepreneur. I do the whole status or speed data for all this kind of because you have been to that many times i used to word gita because i will honestly believe that is To keep coming up doing things what does being that one thing for you In dumpsters all students okay. So renting this being one of the problem and i just wanted to solve the problem. I think that you know the thirty to solve. The problem is is actually the basis of indian strategic alan. That's be a might spirit. I can think of practical solution to a problem is being by that is slated to predict or your marketing or whatever. So that's my strong point and of course You know it. Can you know build a good team. And that nov bitches For the most strong just months. So yes i think the audit thinks that i'm just reading in the startup amish again. This is a hardwood tacky. guy. I love product discounting. You know what can be done. And she can slugger in the so. Yeah we are condemning being aegina. Everybody would be perfect. There's also this entire coalition are on being worked for local about being a ab- locally built It can be a product or service. We're going to focus on that part and you. Obviously you've been outspoken aboard that space of things. What i'd love to hear from you is that how does being a locally created an grown startup. How does that give you kind of the edge for indian was let's say international. Play coming in one thing that me the really wanted to do is is take a witness in the people who brought in using that we are at least in you know oblivious so desolating emit to succeed burst onto did feeling proud in using imprint. That's one thing of course. A lot of Shutouts by government especially up minister been very vocal at a local product has contributed a lot on that cuisine at All governments initiative on making india have coincided vidal lonzo. So yes okay very well and of course you know at least You know Some good wishes from Government even of encouragement from You know capable government. So so w v stood strong even himself. You know The the periods where things are going sixty years asu definitely as you said. There's been a mix of old is the as either. So you know those than thinking of you know what's going to next door. No other blessing so that people Defense has been a you mentioned. Highs and lows registered twenty twenty has been very distinct for you receive from launch tool. We know getting the kind of And then you've also bunch of laws very novi. The entire piece. That happened with the google. Play store and go Would bring it where it is so if you had to talk about twenty twenty for you and how this entire of the things that has been how. What would you kind of wanted to say about that. When would be exciting. Very exciting for us Being an engineer. I mean all these stinks As been farthest i mean we've never seen we never trumper. We could have seen so many things at when will instead of time so a lot of landing during this journey the supported regards from investors. Something that we are very grateful. And yes i you know from everybody who has been so helpful in a journey so yes. I would definitely take this updated. Thank everybody i know. Also you know the blessed people in a team regardless of business being but he has Yes the light. And they're a great thing to achieve in brooklyn so looking forward. Because i find interesting because you know you had that initial phase in the state of. But i also i i see a decent conditions and i can see that you kind of have built in the lord of a induced artificial of baked along the along the journey and i'm guessing some of those would have contributed to some of these shows as but i'd want to understand how are we gonna releasing the content part of because for any platform to push as much content creation possibles people consume a lot mortars is obviously prime and that's primarily or one of these we're gonna come on come to create income and to do but i'm guessing everybody comes into consume first and then start getting into creating how you have been able to push more people to come and create on the from and kind of build more and more content that yeah So that surprise for us would like to share with us. The first week of a launch of i mean the first version. There'd be had on this june dr feature nicholas retarded getting people upload content of their reveal. Much fun actually know asking him to just watch it but we didn't entertain this over lunch. We got so many of the user to have that feature doppler blood on the platform very basic version of the fijian we sort bidding the launch narrow long feature. I wouldn't portion of reduced gotta put from releasing originally and be related. Quality was not good back into the country so what we during the spiritus bet invisibly educated people to create good content. What segment should be working on. And what it off so all these You know nativities own. The content actually had the because system took on which is more meaningful to mitchell's audience. That thing we have been you know in a very thoughtful way so Laws we see a we the who'll ecosystem of leaders what reading the content and deserves some of those dan which which are very high quality so yes that linear process is being. What s for the raiders would put up these Gooding this however you also seen It's interesting when you say they started because it's almost like uses the coming innocent cabana. I wanted to speech. I wondered i disown. And that's going to helping build this hard. You keep that kind of scaling broncos you want more. We're gonna come in and guide love to do this. I'd love to do that on it. And not to be features in How do you make that a constant process so See of temporary defense. Eddie's to begin with and we are not a data driven the lisa wrestlers of invaded infamy uses. I don i took this jordan speight. So what we did. Is we classify those of us. Who do in all medic and for example a love people facing out applaud. You know pluto's taylor of time so we can get a lot of time so many years ago this parliament. So let's fix this problem. Is it a very problem. And so many users of decision. So that way to categorize he watched what should be explicit and then what relation can you leave him says it has been read so yes back to look has to be done and to some extent who categorize ought to prioritize The the task and the problem that needs to be fixed. Also the new initiative gonna take into to launch the ratner but app section itself on the play store. Have you seen that a lot more. Abdullah would let's say homegrown in that sense adults coming together. Which is gonna be warm to be a part of this. You want to be more or out of this. And how is that almost becoming a separate community all sorts of stuff on coming together nursing so wanting i mean see intimately this. I mean the very reason of a launch of work the From fellow panels rate This ed let disappointed. Regard as metro by the ankles. Zuma's by india's nobody can actually can think of their any obligation game get so much of support so then be naked that support the snow. We can share it with with on the interstate. So i use this. Seen vigilant on union abrasions and let people support separation note and plus as we speak modin went to a delicious bit from. And we've been working very closely with asian billable again. Liz should be the nece Scenario i mean. I feel proud that we are some of the Also listed in bill out neighbor who i think you know the support system to begin to look for regional should be. We should be going then. You know fighting ain't competing among chances but on one point be pushing as local entrepreneurs and local startups as well for the consumer themselves. Are you seeing a difference in how they locate the apps because they are either locally grown or global or do field. 'cause i finish. I am fully been able to gauge because do prefer an application started because it is locally grown will says that's an international kinda coming up purely from that perspective necessarily free. Just have you seen some sort of Any found dating followed there. Which upshur when that. We got from a lot of consumers that they never knew that the papers cannot default in which isn't as ever existed for this application admirable of that year's relation endeared look almost negatively or mitch both homes the same of mention s chemistry and now learn of people through update from ugly. Got to notice so this is I mean the separation but at van had been educating consumers until you have that available from an indian not necessarily only look at the the global ones as well. that's and then we're thing is people s a lesbian. Look like that which people want indian ablation only this this lack of clarity. You know dissipations indian or smart so that clarity has been brought by number also brings me to the other side that for instance you take the app global. Are you looking eric. It'd been a globally. Used app are primarily focused on in market. How are you going to seeing that. Because and it's gonna flip from what we've been taught more focusing in on in built for india by indians. But what are your plans for for on that. End of it veteran. I've always been very vocal and then company should be going abroad and i Especially you may feel that we should be more. You know a proactive in making the official the us for us. This i mean this complex business cracked indian market. You know going abroad should not be deficient diet. Is i be selling or the of union. Good stir blazer platform and that. You think that you sold the issues of inning consumers. Now davis should not be stopping us to. That's actually a very interesting relocated. Because i i feel it in of the most interesting consumer audiences because we are like multi sect of all different kinds of one country and solve for that and and because a lot of a lot of stars Global much faster funding thing that you're seeing that lets vassall for indian than but also explored the right things you can. So that it. For india excavated Total kind of oscars are so internees. Been interesting your for all markets but also has changed how we all function how we work. How are we going to even start. Companies everything else if someone was some Once once kickoff start up right now drain into a new one Descent phase of things. What would your point does be to them in terms of more things that you learned all this year which would garner eligible things. You really need to know if you want to get into the status face at at this juncture in the world i mean even started with this Midland there's been a lot of feedback that for fringe release it. You know because of discovered scenario. You know the confidence of investors northwood the market them to be Leg realize that identity investors also looking for startups late cut emissions. Something so i think. That's a good at bedtime. Is just what you know. What browser said you're trying to solve. Every of dental unsettled problems. So if you guys saw that problem. I think there's no data. Investors want to invest in new was the later part of every episode. I do this on segment called the humans of was just calling two months. 'cause we asking coalitions that on a lot of things now and these genetic data integration so they have nothing to do with spoken aboard. It's it's it's kind of like. I said it's random so beyond what you. What are your huge consumer for these. A lot of time. Consuming could be focused on. What for that fun. I'll be bus. Anything which featured spend a lot of time doing beyond reward to elect writing poems short stories and If somebody had to ask you what can you put together in in an instant in in in a minute for that we could be second could be moment. What gonna put together quickly. It can be anything can we. You can call it anything on disability open question. What can you put together in an instant. Okay i think What i mean as weird as woodward can bring smile due to the related to anything that you kind of watched or listened to in recent times which which which you'd want to recommend to our listeners. I recently was this. I shouldn't met asking ninety. Do y'all not do it. Ides's like companies true. And and this is generally my my my my question across all episodes. Why do you think homegrown platforms of homegrown. Startups will will never die. I mean given definitely They don't do this right So yes a startups do things without important and do. Things did a distraction so recipes of success. You're spending too much money without Invading that's something we should not be doing jetting too much. Thanks sarah sam. There's something we should not be doing. So stick to dock work stick to the basics and i think a slew mr lee you can get marissa's getting does not a big sticking us is imported. Thank you so much for doing this. This has been very interesting. Because i've been meaning to photographic talk to someone into space was to building it from ground up especially with india i focus and and tank so much for taking time to be honored. Thank you so much thinking. If you like. This forecast wanna listen to more. Parkas lake this federal davenport website or app or data. Podcast from all mixed. There's some really fun stuff then. I hope you enjoyed that show. If you aren't falling us on social media please do where. Ibm podcast on twitter. Facebook and instagram. Like to thank the sponsors on the network this week's story toe and the whole truth food. Thank you for supporting us. We have a new show out this weekend. Conon with dr connor said gay is a well-known. Rj has an incredible show with some of the most amazing bollywood celebrities as part of the first weeks episode. We releasing five episodes at one time. So you can get your phyllis it them. Talk to our runner out. Kasha we knicker and a whole lot more this week. On the edges and sledge's podcast is veteran dijon. Hush went peers them. Talk about the historic victory. That india achieved at gaba modernized. Had an amazing talk with out spoke about the farmer protests and why bollywood celebs are acting the way that they are and finally shuna one is back this week. She looked at the meat. Talk to sing love from pepper content. We have a great lineup of guests coming up coming weeks including deepak abbott. Four hundred india goal definitely. Check that out with that. I hope to see you again next week. If you love cricket listen up. The edges sledge's cricket. Podcast is here. You hosted by veteran emmy ashwin. We bring fun fresh fans point of view to talking all things trigger. Sometimes it's just the three of us some guests including current and former international cricketers for new episodes every week. Check out the edges sledge's cricket podcast on the website. Or wherever. you your podcast.
Who wants all this oil?
"Does nobody want all this extra crude oil a marketplace explainer? I'm David Brancaccio I to the through the looking glass world of the price of crude oil which fell through the floor over the last day to the point that wholesale oil was free for the taking. Actually it was more than free. Here's Amy Myers. Jaffey senior fellow at the Council on Foreign Relations. I literally have to find someone who can take oil from me and I have to pay them to do that. As opposed to somebody wants the oil and they would pay me like some sort of unloved broken down junk car. You pay to have towed off to the junkyard to understand how oil can have a negative prize. It was minus thirty four dollars a barrel for a moment yesterday. You have to understand that. Futures markets like this are not just an abstraction not just computer data being traded back and forth the prices for real barrels of Blue Brown gooey oil set for delivery next month. And there's just too much of it following the Saudi Russia Price War and plummeting demand for fuel given the pandemic. It's to the point. Jaffe says that producers are running out of places to put the overflow. I have to put more and more oil into storage and at some point I might physically run out of places to put the oil you see. Another commodity markets where farmers for instance will dump milk into the ground. Because they can't sell it while oil producers can't do that that's energy economist. Philip Verlaeger who was a senior advisor to the Carter Administration? But why can't producers? Just turn off the faucets on their oil wells. The concern is that sometimes when you open the wells backup. They don't produce at the same rate to boost prices the oil producers cartel OPEC Russia in the US did grudgingly agree to cut production earlier this month by about ten million barrels a day but clearly even this negative price wasn't enough. They need to go to twenty five million barrels a day but many are ensure that will ever happen. Dunkin Woods at the Wilson Center markets. Really haven't believed that there is the political will behind the recent agreement from OPEC and OPEC plus to cut production. And because of that. I think we've seen this Continued slide in the price of oil this morning. The weirdness continues with crude oil for the month of May delivery listed as up a hundred percent to ten cents a barrel and when will the price of oil really find its footing analysts say when the economy rebounds from Corona virus stocks are also down today the Dow Future Down Four hundred twenty two points one point eight percent at the Senate is scheduled to meet Today as Democrats and Republicans? Continue trying to hammer out a compromise on the latest corona virus aid bill. The legislations expected to allocate more than three hundred billion dollars to the depleted paycheck protection. Loan Program for small businesses. Governors have been warning that they need more corona virus testing to reopen their economies. Now an ambitious new plan is offering a road map for how we might get there. The plan calls for a major mobilization. That could cost up to a hundred billion dollars. Marketplace's Nova Sophos has that the Rockefeller Foundation released the plan today calling for production effort akin to what took place in World War. Two in order to increase testing capacity to thirty million a week. Right now the report says nationwide testing stalled at about one million tests a week. Vice President. Mike Pence said over the weekend that increased efficiencies alone could double that number but the Rockefeller report says. The government should invoke the defense production act to balloon production levels. And it's calling for among other things a coordinated effort to understand global supply chains for testing. The philanthropic group gathered experts from various fields. To come up with its recommendations they believe testing on such a scale is necessary to open up the US economy and prevent a full blown depression while such an effort would cost up to one hundred billion dollars. The report says the shutdown is costing the national economy three to four times that amount each month. I'm never saw for for marketplace. Schools are slowly preparing to open in China after its corona virus peak. Certain School Grades. Get Start First. So that means a large number of China's two hundred seven eight million students are still learning online. Here's marketplace's China correspondent Jennifer Pack toews to. She says it's time for an online art class for six year old. Pearl Jew her task find square or rectangular shaped objects around the home. We Chicago while but distance. Learning has its limit says pearls mom carol like if her daughter looks lost at school then the teacher will come up to you in most cases in. Hey what's wrong? Do you need extra help like this. It's impossible for for parents to do the same especially when we're working from home. Another issue tiny screens. Many students are watching video lessons on smart tablets or cell phones like seven-year-old yeah just one in central province. Her father yeah. Coon worries wound yards. Also my daughter complain. Sometimes that are is in your role you're in there. It's also hard on educators off a high school teacher in central annoy province streams. Chinese lesson live minutes end. The screen goes black. A message POPs up. This broadcast has violated regulations. Though you can still hear him speak. But Gosh what did I say? He may never know. A lot of censorship online is done by artificial intelligence and then there are the lessons that just don't translate onscreen. This video shows a phys ed teacher wearing swim cap and goggles. He dives onto a bed and does swimming strokes. This was done as a joke though. It's not that far off from eight-year-old Ada lose phys ED class. Says her mother young way. No teacher has record herself. Doing other activities use whatever? She has her own house like this fast kids. She says it was tough to figure out online classes but seven weeks in things are smoother which is just as well. No word yet on when her daughter can return to school in Shell. Hi. I'm Jennifer pack for marketplace our producers all sheltering in place in several locations or Rose Common Victoria. Craig Meredith Garretson Candice. Minarik HAS RAN. Danielson and Erica Soderstrom. I'm David Brancaccio marketplace morning report from APM American public media.
Little Happier: Why the Childrens Book Little Bear Made Tears Come into My Eyes
"I'm Gretchen Rubin. And this is a little happier. I love children's literature and young adult literature, and I also love picture books because I love them so much, although we gave away three giant boxes of books to Elizabeth son, Jack when he was little I still have many shelves of my favorite picture books. The other day, I was looking for my copy of stone soup when I happen to pull out the book little bear. By also, how Malone Minarik I'm not a particularly sentimental parent. In fact, I've sometimes felt guilty about my lack of emotional response to a first haircut or eighth grade graduation. So I was astonished to find myself with tears in my eyes as a reread these lines from the first story in a little bear. What kind of story would you like to hear said mother bear, tell me about me said a little bear. Tell me about the things. I once did what was it about this particular passage that pierced me to the? Art while the other trust for one thing and the unselfconsciously self-centeredness of childhood tell me about me as adults. We don't get to ask for that kind of attention. No matter how much we'd like it. But what really got me was the reminder about the passage of time little bear is still little but already he's bigger than he was so much already passed his unnecessary attempt to dress warmly for the snow his trip to the moon his six birthday party childhood passes. So quickly. In my own mind. I summarize this bittersweet truth with the phrase the days are long, but the years are short little bear asked his mother to tell him about himself as parents we play an important role in shaping and preserving our children's memories of their own brief history. One of my happiness project resolutions is to be storehouse of happy memories. Because remembering happy times in the past is an important way to boost happiness in the present and children need parents help to sustain happy memories. The responsibility to be the custodian of the art projects class portrait's and endless anecdotes about the time. You've got locked in the bathroom and the time you threw up on the way to the airport can feel fairly trivial, but it's an important obligation for although I almost suffered nervous collapse. When I finally buckled down to organize my enormous cache of photos into albums. I know that these. Kinds of records are a key way that my daughters and my husband, and I hang onto memories these stories show us the things we once did which is part of who we are. Now, do you find yourself tearing up over passages in picture books, which ones let me know if so if you'd like to see the one minute video I made the years are short all postal Lincoln this show notes. I'm Gretchen Rubin. And I helped this makes your week a little happier.
1362 Protocols for Optimum Horse Health, by Omega Alpha Equine
"This is the Horse Radio Network greetings. Everyone coach Jen here. And thanks for tuning into horse tip daily episode thirteen sixty two this time. We have an expert from the horses in the morning. Show here on Horse Radio Network. Where Dr Gordon Chang from Omega Alpha equine joins Glen and Jamie to chat about keeping your horse at Optimum Health Dr Today. We're GONNA talk a little bit more about kind of studying some protocols. Just optimize your horses. Health in general is a matter correct. There has to be integrated into overall health. Care of your horse all these protocols that we talk about you know I can talk a lot of different vitamins and so on which horses always needed especially competition horses. All right minerals. Didn't need that but also something as simple as making sure. Your horse has a lot of he and the night. So so that if keeps he has got Phil so in the morning when you come in. Is He still around? I mean she didn't jump through all the here night Know why that is important because the horses how a very pruned also The Nice thing about Hit Gut fill is that it's a natural way of keeping the Law so you have so it. Controls acid in the stomach right so it helps prevent also got filters that in conjunction with Our Gastro effects is a wonderful way of maintaining good health Jagjit Singh he talked about the gaster effects. What does that product do to help the gut? Well one of the things about the your component. That actually helps the healing of the gut. But there's also things in there to help maintain good because even though you you hobbyhorse at let's say you horse right now does not have ulcers horse can get on very quickly. I one of the things is also prevention. I gotcha affects is one of those things that will help. Also prevention right he also we also Recommend gas effects For during competition. Just before you buy the horse if you give the horse like sixty. He's of fifteen minutes. Before your bright limb you will have a very different horse During the actual competition and the reason for that is because if your horse has an irritated stomach or anything like that as soon as you put that bridal in the mouth it it produces a lot of acid on as soon as those asset hits irritated section of the stomach the horses and teen. He's not comfortable so he's not likely to to comply with any of your commands. So this way if you do that before it starts everything looks well. Oh is that why? My horse will comply with my command that. That's the only reason. Think maybe maybe been presumed. Did you have a horse at only speak Spanish? Who knows so? Oh so we've got the guests are fx. What is another kind of building blocks for optimizing the horses health? I would say those maintain proper nutrition so things like vanity auks which is the the vitamin vitamin C. C. Vitamin E. Right zinc silicone India. That's also very good products to maintain good health health but mentioned overall health right. Then you have things like oh a minarik product which has a lot of different minerals and also a little bit vitamins et Cetera. Which is very important for mentioning the overall health of your horse right and we spoke about immune health last last show but that in the winter months. Especially that's a very good thing to do to maintain health Last but not least I always talk a little bit about detoxification. Just because you know if your organs detoxify do their work better if their work better everything your you'll you'll overall health of your horse is better right now. The minaret product. I gotTa tell you I swear by it because I was able to give that to thor When I first got him you know he's just a stringy look in Mustang and I started giving him the Minarik. I'm not kidding you. I could see my reflection in that horse's coat vitamins. You put in their age is every single. Part is got clearer. His hair better. His hooves are amazing but they just I. It just really really made a big difference in him so I definitely have used them in Iraq in highly recommended as far as just a just you know people take vitamins. Why shouldn't horses take a vitamin wanting? I would say the was you know. It's great that you have results like that. But it is one component of your overall treatment of your horse because I know you probably fed him a lot of good green or a lot of good grass right when when when when you first got him so that helped him load you. You also looked after his health overall. You probably did all those since combined produce a horse that you have to be I but it's a it's a component of it. It's like when people say to me. Oh I take a multivitamin every day and look at me or call. Good local healthy Well you know what if you didn't exercise right? All the multivitamin world isn't going to help you if you didn't eat right all the house all the vitamins and the world isn't going to help you wouldn't that be nice. The magic healthy pill. You just take it. Your health is Dr. Chang had invented that he would not be talking to us. Right now. We'll be talking on a beach. You wouldn't be in Canada. The Caribbean well. Dr King as always it is just an absolute pleasure to have you on to get your knowledge shared with us. Well that's a wrap you can find out more about Omega Alpha equines full line of all herbal competition safe products at Omega Alpha Dot Com on and you can also find lots more tips at horse tip daily Dot Com or you can subscribe the itunes or your favorite podcast or even better. Download the free horse radio network APP. Go your APP store. Search horse radio network download it. It's free this is coach. Jen and I will be back again soon with another tip so until then so ride your horse the.
Trump restricts work-based immigration
"Some details on the trump administration's new ban on skilled workers coming to the US. I'm David Brancaccio following a White House order. The US will stop issuing new visas for people who want to travel to the US for work. This includes visas for skilled tech workers. The administration says it's about high. US unemployment marketplace Scott Tong. Jobs Scott, who can't come now, tech workers and their families. That's the headline. These are the H.. One B. Visas. Many of heard about it also cuts. Cuts off visas for seasonal workers and landscaping in the food industry, which the president's resorts have been documented to hire also visas for foreign executives at American companies who go back and forth and finally pairs for childcare and not Americans who have studied abroad here at all up in the administration says this will keep out some five hundred twenty five thousand workers by the end of the year David. Any change to green cards for people who come to work in one to become US citizens. Green cards were already frozen in April. And this extends it to the end of the year. We should say that people who already have a work visa in the states are not affected, and as you mentioned even the White House argument for all this is that the cove recession poses an unusual threat to American jobs. We're getting reaction from US employers here. A big criticism from the US Chamber of Commerce say this hurts US competitiveness and silicon valley facebook Amazon Microsoft Google Uber Tech Groups. Say That immigrants started up half the UNICORNS in the US. That is startup companies that are now worth a billion dollars. Opponents plan to challenge all this in court, so stay tuned for that. All right marketplace Scott, Tong thank you. Major League Baseball is waiting for team owners and the Players Union to approve a new plan to play during the pandemic. The idea is a much shortened sixty game season starting in late July. There's concern about pulling this off with Corona Virus flaring in many states. The players response to the idea of showing up for training next week is do this afternoon. We do check financial markets. The footsie index in London is having an update so far up one point one percent here Dow SNP and Nasdaq. Futures are up the Dow Future Up two hundred twenty points, that's nine tenths percent, the S. and P. future is up eight tenths percent. Now the media and race earlier this month as the social justice, movement gained strength after the police killing of George Floyd in Minneapolis. Two of the most popular police reality shows were cancelled cops and live PD. Critics say more needs to be done and that the entire genre glosses over police brutality marketplace's Jasmine Guy I spoke to writers and producers in Hollywood about rethinking police on TV years ago Cheo Khodari Coker, was a writer on the police shows southland. He's spent some time with law enforcement for research. He remembers being told that somebody. My size would be considered a threat me being six to fifty. That there was an increase shares that so my size would get shot. Coker's perspective made him an asset to the show, which was often praised for its complex portrayal of law, enforcement and race relations. That's something most cop shows don't do. The Standard formula tends to be an unequivocally horrible perp and a tough detective who bends the law to get the job done take law and order views detective, Elliot Stabler who was played by Christopher Maloney. Want me to say that I fantasized about killing the PERP. Jam Right I did and this time. I Fed him my gun and I pulled that trigger. He's getting his own spinoff. Show this past season. Three of the top five primetime dramas were cop shows. Aaron Ross and Thomas the CO, creator of the show Swat on CBS says this national moment is an opportunity for the Jan Rutta Groh I in addition to crabs open the nausea conversation forward. I think it'll make for great television is what all one way to achieve change diversify the writing room. Thomas says about half of his writers are people of Color and especially diverse writer's room by Hollywood. Standards having more or people from different in this city's different backgrounds, different class would be great star Tail. Who Dari Coker stepped away from southland and went onto create Netflix's show. Luke cage about a black superhero in Harlem. Who is bulletproof? Ironically, he says it was through fantasy that he got a chance to talk about something real being a black man in America. We possibly only been trying to prove our humanity. and. My Way is trying to show that big brawny black men. Even if their bulletproof can still have nuance, and that's what activists and critics are saying, cop shows need to have less ruthless hero officers and more humanity I'm jasmine garbed for marketplace. We've been reporting on China's new rival Global Positioning Satellite System today. China successfully put the last satellite into orbit to complete the string. They need for their new GPS. The BBC's China correspondent Steven Mcdonald reports from Beijing China has been working on a rival GPS since the nineteen nineties when the People's Liberation Army wanted an alternative to a system run by the US Air Force local television broadcast, the launch of the thirty fifth and final part in the Beta network from the shih-chiang. Satellite Launch Center in the mountains of Sichuan named after the big dipper constellation. It's hoped that Badoe can rival Joe Location services from Russia. The US and the European Union, the system started operating. With China only footprint than it expanded to the Asia Pacific and now has global coverage in Beijing on the BBC's Steven McDonnell for marketplace. I see China's system will have some innovations. Eventually users will be able to exchange text messages through those satellites. The country requires all new cars sold their to have Beta GPS starting this year. Our producers are Rose Common Victoria Craig Meredith. Garretson Candice Minarik as read Daniel Shinhan Erica. Soderstrom you're listening to the marketplace morning report. From APM American public media.
Whats Jerome Powell thinking, in five words or less?
"This marketplace podcast is brought to you by indeed. Are you hiring with indeed you can post a job in minutes set up screener questions than zero in on your shortlist qualified candidates using an online dashboard get started today and indeed dot com slash marketplace. That's indeed dot com slash marketplace marketplace. Hey marketplace listeners. It's Kyw we've got a new podcast out. I think you're GONNA want to subscribe to its call. This is uncomfortable so weekly show about life and how money messes with it it's hosted by McRae's. She tells funny and honest stories about how money affects sex relationships and shapes identities often defines what it means to be an adult. Please subscribe to our new show. It's called this is uncomfortable and you can do that. Wherever you get your podcasts some insight today on just what Jerome uh-huh Powell is thinking the Fed Chair on Capitol Hill also some new research on immigration and a look at changes in the grocery aisle from American public media? This is marketplace <music> from Washington D._C.. I'm Kimberly Adams in for Kai Ryssdal. It's Wednesday July the tenth good to have you with us two data points from the U._S.. Central Bank today both sending strong and consistent messages about monetary policy. I we got the minutes from the Federal Reserve's meeting back in June and the second chair Jerome Powell himself testified this morning before the House Financial Services Committee. He does this twice a year. He'll speak to the Senate tomorrow. Gina smiling from the New York Times is with us in studio to talk about what we're hearing from the Fed. Thanks for joining us. Yeah absolutely thanks for having me so for those of us who aren't avid fed watchers. Were the highlights today in Chair Pals testimony the big headline that people are going to take away from this is that the Fed seems to be setting up for a July rate cut which is a big deal because they haven't cut rates since the depths of the financial crisis so it's been about a decade and so that's the big one the other one. I think that's important is the Fed is really highlighting that they're worried about. Slow price increases right now just because that increases the risk that they don't hit their inflation goal increasing the risk of deflation in the next crisis. Did you see any difference between what chair Powell was saying on the hill today versus what kind of came out in the minutes no. I think the big takeaway is actually they were very much in agreement. So in the minutes Fed officials basically told us that they are watching Ching a bunch of uncertainties from the trade war took slowing global growth and as they watch those there thinking that it might be appropriate to cut rates in the near term and then chair POW went up on the hill and basically said those uncertainties they are still here. They are still with with us. Is there looming they haven't dissipated and I think a lot of folks are saying that means July ago so let's talk about expectations for a minute. The markets are already pricing in that rate cut that you're talking about. President trump is effectively demanding in one how much wiggle room does Powell really have here in deciding on a rate cut. Yes so I think probably less after today simply because market pricing is pretty cemented at this point you know they really chose not out to walk back those expectations during both these minutes which are edited after the fact and and sort of you know in anticipation of markets reading and also in <hes> Cheer Powell's remarks if he had wanted to to pull that back he would have done it and he did on Powell also made clear in his testimony today that he wants to do whatever he can to keep this record economic expansion going and one of the reasons he mentioned is because that expansion still has not reached everyone a lot of folks aren't fuelling this quote unquote good economy and the big point there is wage growth. It just hasn't taken off the way you would expect if companies were really fighting with each other for workers and so I think what the Fed is looking at. Is You know. Can we continue running this pretty tight labor market with very low on employment without stoking higher wages and the answer that they're coming up with as ask themselves that question is probably yes and probably that's going to help lift people who haven't really benefited from this very strong economy so just. Just very quickly for our own economic intelligence. What does a rate cut do for that situation right so what it does is just sustain the economic expansion longer so that people can keep hiring companies can keep hiring and everyday workers who might have been on the sidelines can jump into jobs which gets to what our colleagues Bene- sure is going to get to in a second on labor force participation? Gina Smile is from the New York Times. Thank you so much. Thank you so staying with the Fed news for a bit longer one of the other the topics that came up was just that labor force participation out of all the Americans out there who are of working age how many of them are actually working or looking for work right now. It's just under sixty three percent of people which historically is pretty low fed chair Powell is concerned enough about it that he mentioned it directly in his testimony before Congress today labor force participation by those in their prime working years is now lower in the United States than in most other nations with comparable economies marketplaces debris Benesch or it takes a look at what's going on with that and why it matters there are eighty million Americans twenty five to fifty four years old what the government calls prime working age think of them as potential providers think of them mess potential fuel for the U._S.. Economy not as many of them are working or looking for work as are in countries with similar economies. It's a major problem. Harry Holes is a Labor economist Georgetown Story for women at a story for traumatic. Women almost single-handedly electrified labor force in the U._S.. After World War Two they started working in droves in the fifties and sixties and then since that time the labor force participation of women has topped out Joe Joe Minarik is senior vice president at the Committee for Economic Development in other countries women's participation has continued to increase Minarik says one possible explanation is that women in the U._S.. Sometimes have to choose between expensive childcare and leaving work to care for the kids themselves in other developed economies. Women don't always face quite the same stark choice excess to preschool education or to child care in other countries. <hes> is in some instances stronger. There's a segment of men to less educated men without a lot of skills training who've been drifting out of the workforce over the past three decades and then there is the opioid epidemic. Mark Schweitzer is a senior vice president at the Federal Reserve. Thank Cleveland we find that places that had more opioid prescriptions are likely to have <hes> weaker labor markets and in particular lower <hes> labor force participation rates. The good news is that the labor market has gotten so tight recently that it continues to lure more and more workers back into the workforce the bad news. They're still not back to pre recession levels in New York. I'm sure for marketplace by the way the next fed meeting is on July thirtieth and thirty first in in the meantime. We've got a timeline on what the Fed has done with interest rates as well as the tools. The Fed has on hand to help with those decisions. You can find all of that and more on marketplace dot Org Wall Street liked all that Fed news that Gina was talking uh-huh out. We'll have the details when we do. The numbers at first folks were cutting the cord to save money on their cable bill now with dozens of of different streaming services. It's getting harder to see those savings and just to keep track of what you can watch wear well. That selection just got a bit more difficult A._t.. And T.'s Warner media announced yesterday it's new H._B._O.. Max Ax will be ready next spring. The new streaming service will include some classic T._V. Shows and also some splashy big budget productions as marketplace's Andy Euler reports these days media companies are spending big bucks to draw people to their particular corner of the streaming universe soon. If you WANNA watch friends you're going to have to do it on H._B._O.. Max The show is leaving net flex H._B._O.. Max says it will also have more than a dozen original shows with movie stars like Nicole Kidman the. Platform is betting on original content. The stakes have gotten very high and producing a lot of high quality original content is not an inexpensive proposition. That's Paul Sweding concurrent media. He says one show looms large over this business if you look at <hes> what H._B._O.. Was Spending on game of thrones that had to be ten or fifteen million dollars per episode and if you did a ten episode season that's a hundred and fifty million dollars. That's a major motion picture. Sir Every streaming service would love a game of thrones. What's happening is streaming services aiming to become the home for big budget scripted shows that used to be more of a big screen thing Michael Packer is a research analyst at Wedbush securities that fifty million billion dollar box office romantic comedy that used to dominate in the nineteen nineties and early two thousands just isn't even made anymore? You remember guys like Rob. Lowe used to be movie stars and other T._v.. Stars Netflix says it can use the money at no longer has to spend on on shows like friends to produce even more proprietary content expensive originals like stranger things all well and good but pulse weeding concurrent media says there's a risk to such a big investment one of the challenges that I think these companies are going to face ace is subscription fatigue ten bucks or fifteen bucks there. It adds up but Jason Squire at U._S._C. says more competition will ultimately be a good thing. It's a golden opportunity for consumers because they will have far more choices choices and the decisions are in their hands so he says it's up to you if you WANNA pay for Netflix and Hulu and Amazon and H._B._O.. Max which is likely to come in north of fifteen bucks a month. I mean dealer the marketplace. There is a humanitarian crisis on the southern border and it's directly related to the fact Congress and the White House can't come to an agreement on how to overhaul our immigration system president trump released an immigration proposal back in May which would shift policy from a focus on family based immigration to more skills based immigration. Both Republicans and Democrats say the President's plan plan is going nowhere but it's worth revisiting today because there's a report out from the new American economy a bipartisan research think-tank they dug into immigration data and found that a majority of immigrants coming to America in recent years are already highly educated and skilled Andrew Lim as director of Quantitative Research at the N._A._E._T.. Mr Lim Welcome to the program. I agree to be here. Thank you so you looked at immigrants who came to the country in twenty seventeen when it comes to the educational background. What was the breakdown of that group so in terms of the breakdown of the group we saw that immigrants in two thousand seventeen really had much higher educational attainment levels than the overall population of the United States or even immigrants in general about fifty three percent of immigrants that came that year had at least a bachelor's degree <hes> and that includes almost twenty five percent of that total who had an advanced degree so that's a master's a law or medical degree or doctorate and is this all immigrants hence including people who came seeking asylum or came here illegally? These are people who we estimate to be here with documentation that kid include people here on temporary work visa people who've come as refugees or asylum fees or people who are here whereas green card holders so what sorts of skills or experiences specifically does this especially the group of highly educated <hes> immigrants bring in <hes> so about twenty eight percent of immigrants who came that year had a degree insteam so stem meaning science technology engineering or math related fields that means <hes> that they were able to work in these really critical stem jobs that the United States is really seeing incredible growth in so the U._S.. Bureau Bureau of Labor Statistics estimates that stem jobs are second only to healthcare jobs as the most fastest growing set of jobs in the US economy from now until twenty twenty six and there's research showing there are labor shortages in those higher skilled jobs. Yeah I think even if we're looking at twenty seventeen and you see that about one hundred forty three thousand of these immigrants had stem degrees if you actually look at the size of the shortage so in two thousand eighteen so the year after this this data <hes> the Smithsonian Institute actually estimated that they were two point four million seven jobs that went unfilled so even with this fairly significant number of incoming immigrants with that skill set there was still an enormous gap between the supply of skilled inappropriate worker as with the demand. How would the group of immigrants he studied the people who came in in twenty seventeen seir under president trump's recent immigration proposal well for the ones that have the highest levels of education I think because there's a decent shot that they would get in? I just think that it makes it much harder. It's <hes> a much different system in so right now. It's really untested at a time when the US economy is really needing more workers of all different skill levels and and given you know the sort of unprecedented period of economic growth that we've had in the extremely tight labor markets especially in certain states you know especially ones that are perhaps not on the coast that don't receive a lot of people <hes> that aren't seeing a retention of their the U._S. population as well. You're seeing really critical labor shortages in all different sectors of the economy not just the highschool sectors so that kind of immigration system isn't really taking into account the full needs of the US economy but one of the arguments soft and raised for reducing even high skilled immigration is that these are jobs that native born Americans could fill if they had the right training. If you look at businesses businesses you know tend to need workers when they need them. I know that sorta simplistic to say EH training does take time. I think that any <hes> smart sort of education and economic policy on a domestic scale would include that kind of retraining for workers who are interested in doing it but really these kinds of shortages is are critical in the moment for businesses business can't wait around for two or four years for a set of workers to finish their training to have the right amount of or the right level of skills to fill those specialty occupation so immigration is is sort of a a stopgap for this immense shortage that we have right now. It's not the be all end all solution to this shortage of labor but it is a critical piece of that puzzle. Andrew Lamb is director of quantitative research at the think tank new American economy. aww Thank you coming up the American supermarket has roughly like forty thousand items and those items reflect our changing tastes but first. Let's do the numbers the Dow Jones Industrial Average rose seventy six points more than a quarter percent to close at twenty six thousand eight hundred sixty the Nasdaq up sixty points three quarters percent to finish at eighty two. Oh two and the S&P five hundred boosted thirteen points four tenths percent end to end at twenty nine ninety three with the Fed hinting at an interest rate cut J. P. Morgan Chase trickled down more than a quarter of a percent Goldman. Sachs fell eight tenths percent Boeing is losing its place as the world's largest planemaker to Airbus Boeing decelerated two-tenths percent jeans maker Levi Strauss said it sales growth may slow down in the second half of the year Levi's UNZIP twelve percent bonds held steady yield on the ten year Tino state at two point zero six percent and you're listening to marketplace choice. This marketplace podcast is brought to you by Kronos Kronos knows that hiring and retaining a modern workforce of salaried hourly full and part-time workers can be challenging especially in today's competitive job market. That's why Kronos puts H._R.. H._R. Payroll Talent and time in one place so H._R.. Professionals supporting a blended workforce have all the tools they need to engage and motivate their people every step of the way learn more at Kronos dot com slash H._r.. Swagger kronos workforce innovation that works and by capital one with the capital one saver card you can earn four percent cashback on dining and entertainment that means four percent on checking out that new French restaurant and four percent on bowling with your friends you will also earn two percent cashback. Back at grocery stores and one percent all other purchases now when you go out you cash in capital one what's in your wallet terms apply. This is marketplace. I'm Kimberly Adams jobs at distribution centers. Those mega go warehouses used by e commerce companies have a certain reputation that the hours are long and the jobs are demanding but lately there are some warehouse designers that want to change that reputation by making the warehouse look look a little different adding amenities like coffee shops gyms and so on and there's a reason why Keiko Morris wrote about it for the Wall Street Journal Welcome to the program. Thanks for having me so let's start out by describing what today's mega distribution centers look like. Can you paint a picture for me. Today's distribution center is a pretty sophisticated production floor but it's housed in sort of a more <hes> I would call it utilitarian structure right right for walls roof. Maybe the front office has windows. That's what we've got today. So it's not exactly the kind of place where you might find a gym more Ping Pong tables in the REC room. No so what I did in this story I always talking to developers and started to notice that there is a small but growing number of developers who were adding amenities cities that I wish I would have had my office in in your story you described plans to make one Atlanta warehouse. That would have an employee soccer field and other things. Do you WanNa tell me about that. One in particular yes that was kind of the property that had the most amenities and was kind of the most surprising. It's a property where ace owes <hes> a U._k.. Online retailer has created a one million square foot warehouse the house and they have everything from soccer pitch. They had a temporary pop up space where they brought in a nail salon barbershop. They've got a I guess it would be sort of a canteen eighteen where they've got all sorts of food stations. You really don't see that <hes> oftentimes the place where workers eat you might have a couple of vending machines. One is probably broken and you've got like a card table and aluminum chairs. This was like a warehouse with amenities on steroids. So why would companies add these things what's the strategy here. Basically you've got these folks competing for Labor and you've also got online shopping continuing to expand and you've got a pretty competitive tight labor market are these the kinds of changes that workers in these distribution centers actually want I mean what were you hearing from them. When I called and talked to <hes> worker <unk> advocates and talked to a few workers themselves they were actually surprised to hear of these warehouses and they said sure we we'd like these amenities but really the vast majority of warehouses? They don't look like the warehouses that I highlighted in my story. I spoke to one worker who basically said. I don't know that I really need a coffee bar or Jim in the warehouse where I work. I'd rather have health insurance. Why are some companies making the decision to invest in these kind of amenities rather than things like better benefits so I mean some companies are actually <hes> raising wages but there's only so much they can invest or they say they want to invest and so they think that the other way that they can attract workers good workers is to say here's an environment? That's got not really nice lunch services which to workers money so that's kind of where they're coming at it from Keiko. Morris covers commercial real estate for the Wall Street Journal. Thank you so much thank you you. Think about the last time you went to the grocery store. You're walking down the aisles. What do you see on the shells? How different is that from what you might have seen five ten twenty years ago nowadays nowadays? There's a greater variety of items especially when it comes to Asian cuisine. Some professional cooks who specialize in Asian dishes are enjoying the rising interest in their food that gets us to our latest installment of my economy Bonomi. My name is Andrea Win and I am a cookbook author and cooking teacher. Nowadays I think for a lot of Asian cookbook authors like myself Asian food has this this <hes> influence now that it has never really enjoyed across the board so we're living in a really great on time for Global Cuisines and Asian flavors are part of that and I'm so happy to be here now. I don't think that I would have been as successful as today because nowadays <hes> you have color photography you have social media and on I can keep pushing <hes> ideas and <hes> techniques and and and put it in front of People's. <hes> is more often in the mid seventies when we got here the American supermarket the market was relatively limited. There were say nine thousand ten thousand <hes> ingredients in supermarkets so the the inventory seemed like it was vast to me because I was a kid but in the scheme of things it turns out it wasn't because nowadays the American supermarket has roughly like forty thousand items and they're much larger imprint footprints and so when we go to the American supermarket today we are looking at really lead the changing American interests and global foods and preparing them also buying prepared foods that are you know you reheat like Korean Barbecue for example <hes> but you know to to take a look at the international food <unk> section is just is so exciting to me <hes> to see Asian Food South Asian food. Sometimes I've seen a section on Mexican American food were says authentic Mexican food and just depends on where you're shopping and on that's really indicative of where we are in terms of this country's interest in a diversity of flavors at their table this series this is all about you so share your story with US head on over to marketplace dot org and if you're now craving some Vietnamese food yourself we've also got some of Andrea wins recipes on our sites this final note on the Way Out New York City welcomed the World Cup Champion U._S. Women's soccer team back to the states with a ticker tape parade today but wait ticker tape as the Wall Street Journal pointed out. No one really uses tickertape tape anymore. The machines that use the long ribbons of paper were once a staple in newsrooms and on stock trading floors think ticker symbol and old ticker tape was handy when you needed some Confetti now according to the journal they just use shredded dreaded paper from the recycling bin but it's still a cool effect congratulations to the team. There's actually an old ticker tape machine in the marketplace waiting room in Los Angeles. I tweeted a photo of it. If you WANNA see what one looks like I'm at K.. A. Underscore for marketplace and look at the time today the Dow rose seventy six points more than a quarter percent the Nasdaq up sixty points three quarters percent and the S&P five hundred boosted thirteen points four tenths percent our media production team includes lewd cerebral guerre Ju- Jeff Peters Daniel Ramirez Charlton Thorpe and Ben Tolliday and I'm Kimberly Adams in for Kai Ryssdal high returns tomorrow.
Earth, Wind and Fire T04 #17 El Vuelo de Yorch
"So fun with a full day. Either say they don't think thought came millions of Copy tiny let our ca provocative center on the cello interesting serology in particular medical parallel to fix us. But i think localish compartments shapiro Check was true. What we pay no mind to the mesopotamia. They takata tempera Those on the left shoulder go funk jazz. So go spell bob. Blues folk montgomery county row control see theam grupo coronado earth lynn the interested in nephew on whereby the the multiple non stop nevada steelers afrikaners but the government the jazz rhythm-and-blues. It'll get the whole muslim player. That because i thought he leader wonder earth wind and fire. Maurice white not celebre for them. In all of our ditch get settled. Check i'm into es parabolas gustave. Roussy was us on implanted. I love same. The enter for your next jackie earth wind and fire commonly known. Mis three mostly cloudy out. Nicotine morphine. It almost Spectrum eunice but he used more and more difficult route below setanta. Good he hit. I'll go rhino. Say this split governor maurice white in there because the oklahoma soul funk gospel blues jazz broke down monday dog. I woke up the pope sell. Em medical experiments of young expensive in the cosmic good can trust surface. Money only solace in for third konta neither spirituality maurice nephew if you know where fema memphis tennessee. It's probably not required to calcutta flowers. Limit jazz goes better. Rhythm-and-blues trump primitivo. Those systems are steelers. Who are by biblical theology and monica demetrius. Llc sangyo a quarterback was basically throw was coming out that eastern cuando owner stubbornness classical maria theon proficient booker. T jones gimpy. None mandel come together. Komo booker. t. los angie. This was the left center. That's your modest symbols. The windy city but i continue monica prestigious or conservatory of the security pumping off the end with commodity. Here locally. you're on studio in another city. You're just wants anticipate dot com grandes. Komo etta james televise nearly store willie dixon sony steady iressa louis. Aqua your three. Assuming you're innocent. I saw the runs lose three this back and owner maurice the autocad luckily nba. Double your sunita thin through. I'm part of this in minot within suspending away. Matias the whole us through you. See those amigos garhwal wait. Flame on don whitehead component comments. Yellow luther some goes concentrate on talk about the uncle and capital. He said i might not see me. Small south developers don't next in the mother. Lalla time dotcom dog maurice enough schone kalimba from released flames heat on white free. Tom mooney was as if you look at traffic on wonderbra us what he said he had more. You meant amassing candidate through capterra computer number about the The queen's fire no anomaly role in focus. Be to marines locally. You are currently for inter spring tears up district include that are competitive nutty. Killing lane must the flame on c. Whitehead morte door. Michael lynagh guitar liz leader and just watching on the annex thumbnails and trumpeters sharia scott in the both percussionist feeler volumes are in. You may laugh an so long Fire those will miss. But i wonder brothers. It won't money more interested in windham failure in the industry that you know the need of your this one. I think about loving you. Buffy noah earth wind and fire superiour mid exit on top corrente their rhythm and blues. Being minute within the you know pointer. Beethoven doesn't either. I believe they may be mom. People's sweet sweet box bad ass song. What is this real theon over. The invite you to go jessica cleaves at above maintain loophole that rhythm-and-blues the friends of distinction ronnie laws. Deo saxophone. berlin both this study. Tara redan declutter drought joan. Lon philip bailey out of off onto domain group. The friends on nov is say this on warner brothers. Fit puppy mobile. Guess modest contrary interested in combining mendoza jess rock soil in reformer for xiang and they will within womb wf day day said it was giving up his own attorneys back on god make twice as full sail again be is a off stern ebbs and attorney battle true woman on kona. Add rainy john. Great at see a back. Look they know. Your higher earth wind. Fire clive davis and don't but columbia records davies lincoln to look at your e comparable. Cantata warner bros. Gloomier records on local lebron damian last days and time onstream of others in under show some people. They slow down but he has thought about this. Another sport though haning utah through. That's going on to david copperfield. Data head to the sky social democracy more normal partner but another million schwab as become today. If you not know the earth wind and fire opened your eyes will you confused by the food and relevancy under the records. The gospel cliffs incur- mighty mighty nomadic ouattara with him and blues equally story. Numerous ace band bernie and a bad bad colorado confronts louis could they will do columbia san god is simply point december. The million within the leconte empty putting on komo seen backorder number the ramsey lewis earth wind and fire were rhythm-and-blues. Memento deputy deputy it edible in songo there to in auto. I've come from the poor propensity not in call. Maurice demeanor we had in august. They do is waiting water. Seem comfortable pushed is that rhythm-and-blues dominion within syntheses lane speed up but a shining star one of those tedious. Those the earth wind fire soup tool interschool. Maurice do puzzle buckler steelers in three deaths kotov and that's my whatever oecd young los angeles meant in. That's the way of the world for harvey keitel you here for seek shore. Shannon start doing another rhythm-and-blues seminars. Yoke numerous wound up. Psa meaning no dusted anything world. Multiple millions of the incident. I think that's the way of the world guilbaud worcester. No matter who know the pop to chrissy manasseh netflix malaita. Taking call me cynthia that i come home but if you bought a gentler. Nobody for the rhythm-and-blues. The incident in the middle of the whoever other classic reasons not be studying. Did i again by this come on to again report shots. Still new talk show to say again. Don't be you more deputy. no gratitude. Bush dunno they'll bob event interested in detail. Mr by singer song noted with him on bloomberg onto those. This keeps guttural. Can't hide love own thing. He lets populist. Trust me to celebrate gratitude. Alerts people there immediate with industrial as mortars if yogi at about and i will multiply no spirit. It's two hundred number. Those those lotto the minority interested this as equally years single the auto inimitable. Another remember louis. Koen getaway a saturday night speedy at this moment of the earth. Return fire element of lamented. Mvm charles stepney. Kim realty the minority interested chicago illinois. And i not. i didn't quite national jared's flu knicks. Ethically star a motorcycle. This this young moved instrument is tie composite over the chest backwards. Independent actors and earth wind will not know all in all bush. Paul buffy made attend dependency. their got. Grammys you can talk tom. Washington you'll meet dr listen. Tedious would on serpentine fire blues. Rantisi this fantasy ball your spanish horns on dong of of louis had their fill out one bramley michael davies michael savage bidders six zero in on either their wind. Good stopping paid took did Off the back beckham act in During the employee maurice but these commotions flowers million of again as he rejoices the minimum. Does it end the ginkel. You know the best of my love. Them being denise williams one of these. This is nancy. The of base as gingko. Your top tend to rhythm and blues this in hong kong for lumia records maurice tambien. Anthem's score africo. I see what this exit more latinos in training and the best of earth wind and fire include. You'll another day got to get you into my life. Those those nowhere rhythm-and-blues numerous or they're popping in your trump that atallah believe them interested in be easy. Peter frampton sergeant peppers. Lonely hearts clubs bond author. Cynthia september gigolo rhythm-and-blues. A number of others ballpark minarik interested in chunk of this popularity in oregon jobs holiday. Delay one all And br dan after finishing import honest lettuce. Let me do this kid. I don t. Thomas bottlers dundee la quinta subject within islam third online bullying. Because i'm on uterus. We would have. Did he found the these youth is kicking the winning worship minnesota washington irv window fire for the upside down donuts and you got mobile throughout most. I don't associate that nicotine. Maurice newsweek now maria. A rare on western michigan komo. Don't now i m. I come with federal interest in my being booby wonderland condom oceans. When would've ocean breathing went blues as an apartment phenomenon while other after the love has gone screwed up. Baby foster jay graydon repeal chaplain. Get a to remember. Those rhythm-and-blues bob twenty dole seminars album face. His i'll can thought it was normally the million of us if we import auto policy seizures. Let me talk. Nobody alternate rhythm and blues. You know my love goes on and bread shown in season. I is milton. You stu aid. Let's groove when john their employees of course one the one the motions. He's supposed to wayne vaughn young give. The tire will be under center. The owner rhythm-and-blues to my last in india. The auto forward light normative the pope in medina interesting race incredulous until your top tender rhythm-and-blues phone in love with me another. Grammy elected university demean the three system corner from iraq available miss the auto latino immunity. Now paul. sure what is your okay and negative on this console. Durant this hour. What he's commodities. Still mony mony maurice white. This does come on neil. Diamond barbra stationed jennifer holliday. The abandon miniature within the win some for your own dodged the world and rhythm and blues owner system of survival coin. Do not hit them on the way into a min within your to. They're the best of earth phantom fire woman been thinking site punk. Took me in minot. If you enter entire group heritage a dozen years this boyce with them for your political deter now dance perspective the theme. Wendy copy statutory story. That are under project to this that the bush the guy though. They're not being active senior motors into calendar stab underwater study. They don't notice with does castle. Minnow within twenty three s waiting for your lahood eligible millennium king sunday more rain you spend the night knowing me and along with them seal on immune within this as long album the greatest hits live so he though the in the name of love the in those doors lanphier on the way of the world live seventy five meters life andrea because they gotta hold onto sue ion wall tour demeaned in those mutineers. The promise ginkel your hold me limitation. That does he think gained radio. Show me the way candidate at. I'm gonna mean. I john beijing. A news. shame its shots. Look toronto's the los angeles the earth wind and fire. Sylvia needham saloon. I know chain not as to what funerals row control in those egos roken time end. Lump goldman does winston fire shining stars containing martinez. They review study pass because as interest for me that member see right for the other online. Fetterman look interesting. See that but i to run through the winter but alkaline earth wind and fire talk lucas lanka lose to the mochis. You gotta go indoors mainly white as topical but the aussie still. You joined us mediators. As if we mother and that's part of the contracts on commodities step yoneda. Okay commute shakeout. Do earth wind and fire komo through your house. The most spotted commenting cardona. This coastland fathers the promise elimination now on forever and ingredient more in touch with against bill next relative wind windham fire as department nevada director bendy and respect in other mondo. I mean other. Sacrifice pilot spectacular. Six mondays decide mysexy squad. As i see those who are buying into chico. Own back u. s. filled charles thought. Aw motors white night here on komo nicole. Multiple say david foster pushing rocket rhythm-and-blues jostle soul funk. But i don't blame. Open up your enemy into earth wind and fire ivindo mazda in november coming under copious out of business. Here's a premium brand new anointing. Gopher employed format don't control it s inventor is not going to chicago tv on modest way down michio speed up his multicolored by jesse lemon moscow. He's not gonna see me now off Yet by in barcelona don't procreate more said don't team home and ask for modern wound up another thirty different laws martinez as coffee karma data a bit. I'll edit hardy landing on a mile. Dona lasco and i think again. Those is thomas and evokes facebook instagram twitter. Ambient noise policing film decorator. Nicole what are they gonna tell ya. Boom boom yards.
Does this podcast spark joy?
"This. Marketplace podcast is brought to you by Avery books publisher financial freedom by millennial money, founder grants about J, a step-by-step path to becoming financially independent as fast as possible. Learn more at financial freedom, book dot com. Coming up on the program today, a business deal gone bad a macroeconomic deal made from American public media. This is marketplace. In Los Angeles. I'm KAI Rozelle Thursday today, the fourteenth of February good as always to have your long everybody. We're this radio program, a New York City tabloid newspaper. Our headline today would be bazo city drop dead or perhaps something printable in New York, but upon which the Federal Communications Commission would frown where I to say on the radio point being Amazon and New York City on this Valentine's Day, our splits Ville, the company announced today that the half of its second headquarters that was to be built in New York won't be marketplace's Marielle Sagarra has been on the Amazon story force since the beginning. A hey, guys. So this HQ to thing was a story for a year low bit more there have been rumors of it falling apart perhaps for a couple of weeks. What happened in the end? You think you know, the short answer is that Amazon probably thought it'd be welcomed with open arms in New York. And then the details of this deal became public. And that did not happen. Civic groups local politicians, they were worried about the impact this would have on the housing market. Also on local infrastructure public transit, and they said a company of Amazon size. It's like eight hundred billion dollars in market cap that it doesn't need this kind of incentive to build a new campus. I think there is something else to point out here that there's been a lot of talk about this being a back room deal between a few politicians and this enormous company. That's true. But it's also really common. It happens all the time with corporate tax incentives. It's just that in this case, it was a big public spectacle that Amazon held this fourteen month long competition. So all eyes were on the company, and so people are aware of it banned. Attention much has been made of the three billion dollars in tax advantages that the company was going to get talked me now though about the economic benefit the upside for New York City and the environment there, the the surrounding environment there that is now not going to happen. Yeah. The state s. Estimated that Amazon or that the deal would bring in twenty eight billion dollars in additional tax revenue over twenty five years and up to forty thousand jobs that paid one hundred and fifty thousand dollars a year on average. Also, it wasn't like Amazon could just take this three billion dollars and not create the jobs the incentives for the most part they were tied to actual job creation numbers. So there are plenty of people who did want Amazon com despite the backlash many of them were business owners to who are disappointed now that it's not happening important to note here, I think that still does have plenty of people working in New York City, and yes to some degree you have to have a presence there. But one does wonder what other companies who are thinking about making big investments in New York City are going to say now. Yeah, I think it shows that if you come to New York, there are a lot of constituencies that you have to deal with it is a big congested city. The public transit leave something to be desired, then and the housing. Market like prices are high. And so people if you are a company who's gonna that's gonna locate here, and you might make those problems worse. You're going to have different civic groups to deal with super-quick. What are the there were like twenty runners up in this competition? What are the odds that in like six months, we see Amazon CEO, Hello, Chicago. Or Hello Atlanta. That definitely it could happen for now. Amazon though has said that it's not looking for another H Q two. It's going to move ahead with Virginia and another location in Nashville, maybe the jobs look at split up between those who knows fair enough. Marketplace Merrill cigar in New York on that Amazon story force today. Thanks, thanks. All right talk to you soon. There is news of the politics of the American economy today, I've just had an opportunity to speak with President Trump. And he I would say all my colleagues. He's indicated he's prepared to sign the Bill. He will also be issuing a national emergency declaration at the same time. Senate majority leader Mitch McConnell there, of course, confirming the conventional. Wisdom of what was pretty much always going to happen with the wall. And the prospect of a second government shutdown said speaker of the house Nancy Pelosi, we will review our options in a non unrelated story. The Commerce Department released retail sales numbers for December this morning there were late like a month late because of the shutdown and they were not pleasant retail sales off one point two percent in December from a month earlier since economists had actually been expecting a small increase we asked. Marketplace's Tracey Samuelson to figure out. What gives these numbers are actually so surprising some analysts economists think there might be something kind of funny going on with the data. Joe Minarik is the director of research at the committee for economic development. Mayan stink would tell me that what we're seeing in. This report is about two-thirds statistical noise, perhaps one third substantive issues and noise and those substantive issues Minarik says the government shutdown might have played a role in both the shutdown could spook consumers. Who think that it has implications for their own short-term, financial futures? Plus, it might have impacted the collection of retail sales information. There's one piece of the report, that's especially confusing for Joel Bines who runs the retail practice at Alex partners, a consulting firm online sales declined almost four percent from November to December. But Amazon had a strong fourth quarter, and they represent roughly half of the e commerce sales. The it just I I can't get the math to work but bind says the data does contain a lesson about uncertainty, which there was a lot of at the end of the year from the shutdown to the stock markets. I don't think that this is a signal that the economy has flipped and we are headed for some sort of a consumer pullback or consumer crash, but I do think it's a signal that the consumer is very cautious right now, maybe so cautious. They held off on that last trip to the mall. All or that extra gift. I'm Tracey Samuelson for marketplace. More Tracy on the marketplace morning report tomorrow, by the way, thank piece on what this economy would look like if we all worked for day weeks. Also, an unrelated I'm off tomorrow traders on this Thursday had a little bit of object. We'll have the details when we do the numbers. There's news in the crypto currency space today. News of assorted comes from J P Morgan which said this morning. It has finished testing something called the J P M coin. Let's do think. However, this is the biggest Wall Street Bank getting deep into tradeable crypto. It is not Michelle Davis covers finance for Bloomberg new. She read about the story today on J P M coin welcome to the program. Thanks, so just because this whole cryptocurrency thing gets complicated. What exactly is the JP M coin because it's not bitcoin. Right. That cracked it's not bitcoin. P M coin is basically JP Morgan solution to this problem of transferring large amounts of money between companies so it's their own coin that's gonna facilitate you know, if apple wants to send money to a client and in Europe. And is that a problem for J P Morgan mean what what's the actual technical problem? They're trying to solve. So a big part of JP Morgan Dennis that not. Have a lot of people know about is that they move more than five trillion dollars in in wholesale payments every day and right now the way that they do it is is using swift which at times because of you know, cut off dates depending on what country institutions are in means. That payments aren't always real time. It's it's clunky. It's on the wire swift is the mesh internationally recognized standard. That's just kind of the means by which it happens now. Right. It's it's the air traffic control system for for sending money around the world. Okay. And the challenge here now is that JP Morgan as you were just starting to say before I cut you off they want to be able to do it in real time like hitting somebody cash in effect, right? They want value to build a transfer instantly. Not no why not it makes sense not to get too weedy here. But this JP M coin will be first of all not treated publicly, you can't buy and sell them. And also, it's pegged to the dollar. So every J PM coin is backed by a dollar that JP Morgan has in the Bank, so to speak, which is how they. Make it work. Right. They they'll transfer their dollars to their dollars, and then JP Morgan coins, the JP Morgan coins. Exactly. So this isn't a betting mechanism in the way, bitcoin is it's just a tool to simplify this, you know, money transfer process. It's interesting because it's kind of a glimpse into the into the gears of the machinery of the global economy. If J P Morgan transfers five trillion dollars a day, right? It's that's that's a whole lot wholesale payments. Right. Exactly. A word here about JP Morgan. Ceo, Jamie Dimon who has said he's opposed to bitcoin call that a fraud. That is that's not what's going on here. Right. They're using the technology underlying crypto currencies blockchain to make this work. That's correct. This isn't necessarily a shift from from Jamie or J P Morgan at all about crypto or blockchain J P. Morgan is a giant, right? They're not necessarily the first in this space. But this do you do you think this is a tipping point? You know, it's a it's an interesting question. Today in crypto land people were debating the significance of this. And some people pointed out rightly that the technology. They've developed here isn't necessarily anything new. It's it's incremental. And in fact, JP Morgan so far has only successfully completed one transfer of money between one of its accounts a client. But being that, they are, you know, the biggest US Bank. They are this huge institution. The other argument is that having them behind it does lend some credibility to the space and could lead to more adoption by by big institutions, and you sense of timing on when this becomes an actual viable thing. As opposed to you know, the slow roll up. They've said that in the next few months they're going to be testing out these transfers with a small number of clients. Maybe by the end of the year. They'll be ready to announce something more show Davis curves finance for Bloomberg Michelle. Thanks a lot. I appreciate you. Thanks for having me. Even before the Amazon news broke today. This was not going to be a great year for New York City's personal income tax revenues. There's an expected drop from last year almost a billion dollars the state government up in Albany says January personal income tax receipts were down two point three billion dollars and the fingers of blame are being pointed. Marketplace's Sabrina sure has that story. New York City's expected shortfall in income tax is pretty big. We are projecting that our revenues for personal income tax alone are going down compared to last year by nine hundred and thirty five million. Melanie Hart sock is budget director for New York City now New York's next fiscal year budget is a total of ninety two billion dollars. So we aren't talking calamity, but a billion dollars is still a billion dollars. So what happened some of this was anticipated in some ways, of course, New York was going to get less in income tax this year compared to last year because last year was freakishly good. It was good because some people wealthy. People paid a lot of state and local taxes early that year hoping to get ahead of the new federal tax law. High net worth clients rush to prepay not only their two thousand seventeen income taxes. They also prepaid real estate taxes. Kenny Linden Bom is a tax partner at reach Andy modern company. He says clients were rushing to prepay their state and local taxes because they knew it would be the last time they could deduct all that money on their federal tax returns, the new tax law cut those deductions after the tax law in two twenty eighteen people didn't prepay as much. There was no reason to do. So in two thousand eighteen because they will limit in on the tax deduction. So New York might actually still get some of this money just a little later than expected. But all of that was predictable says New York City's budget director heart SOG, what was not predictable was this. December was the worst month for the stock market since the great recession. No one could have anticipated that a lot of taxpayers, especially at the higher end of the. Income scale took losses at the end of the year. Jared wall Zach is a senior policy analyst at the tax foundation. High income tax payers could use the losses in the market to offset the money they made earlier in the year lowering their taxes. This highlights how reliant places like New York City and state are on high end earners for income taxes at a time of growing income inequality. The highest earning one percent of New York City residents generate forty three percent of city income taxes. Darren Shan ski is professor of law at UC Davis. Those taxes are going to be sensitive to the economic faith and tax planning decisions of smaller and smaller number of people people whose incomes are often from investments which can vary dramatically Kim Reuben is with the tax policy center. So that means that on the margin the money that's coming in or not coming in is pretty volatile. Now, New York City knows this and it gets revenue from far more than just volatile income taxes their sales tax and property taxes too. Which is why despite the loss of income taxes, the overall city budget is still growing budget director, heart talk. But again, there's reason for caution concern, and that's why we are being aggressive on savings. Are tuck says mindful that volatility can return the city plans to reduce expenses by seven hundred and fifty million dollars in New York. I'm Sabrina sure. From my house. Coming up and here, we are picking up. Somebody's television that we may be able to put into our store and get fifty bucks for. Yes. But does it bring you joy think about it? But first, let's do the numbers. Now knows drills off one. Oh three today. Four tenths percent. Twenty five thousand four thirty nine the NASDAQ up six points less than a tenth percent, seventy four twenty six. Yes. P five hundred down seven quarter percent twenty seven and forty five as we mentioned. Amazon started spread the news today. It is not going to locate HQ two or half of it. Anyway, you New York Amazon down one percent day touched on that December drop off in retail sales. So some department stores look in a bit shop born today, Nordstrom gave back one and a half percent Kohl's slipped seven tenths percent bond. Prices rose yield on the tenure treasury note fell the two point six five percents. You're listening to marketplace. This marketplace podcast is brought to you by. Indeed, are you hiring with indeed you can post a job in minutes set up screener questions than zero in on your shortlist of qualified candidates using an online dashboard get started today at indeed that com slash marketplace. That's indeed dot com slash marketplace. This is marketplace, I'm KAI Ryssdal. When you get right down to it economic. Nuts and bolts wise. There are few basic functions of the federal government more important than the census counted up every ten years how many people live in this country. And where it's a factor in how federal funds are distributed representation in congress. It's used at the state level for their spending decisions a whole lot of stuff and for the past two hundred and thirty years how the census bureau does it's counting hasn't really changed. Much. Twenty twenty however is going to be different Izzy lebowski wrote in wired recently about the challenges of taking the twenty twenty cents as digital welcome to the program. Thanks for having me. So maybe we ought to start with how the census works now are worked in two thousand ten I guess, right? Right. So for more than two hundred years the census has been this pencil and paper activity. You get a questionnaire to your home you fill it out. If you don't feel it out. Somebody's gonna come knock on your door and ask you didn't. They are going to fill it out on a piece of paper. And then all of that's going to get logged. It's really human intensive really time intensive process, and that's not even including all. All the time. It takes to log. And collect every address that exists in America. Which is of course, the first step to collecting the census. We'll right, and that's actually the anecdote with which you start this piece, which is a mapping seminar or conference told me about that. And then explain how that rolls into digitizing the twenty twenty cents this, right? So this is the Ezra conference about federal mapping technology as big mapping company. Read a big change xactly. They're huge mapping company, federal mapping technology. Not typically the most exhilarating topic. But this year, it really was exciting. It was interesting because these census bureau workers came onstage, and they debuted these tools that are going to be deployed for the first time for the census. So on the front end for the first time ever, the census bureau is going to be asking a majority of Americans to answer the census online, and then on the back end, which is what those census bureau workers were there to debut at this conference. There's gonna be. A lot of technology going into the collection process and the address list building process, but of course, because it's new technology being deployed for the first time in a really high stakes environment. There are certainly a lot of risks involved. Will there are risks? And I've got some questions ready go for it hacking. I mean in manipulation of data and all of that stuff that we've become so well acquainted with over the past two years, right? So hacking is obviously a huge concern in the census bureau is not naive about this. They're working with the department of homeland security, and they reiterate over and over that the data that they store is going to be encrypted. So that, you know, bring some comfort to the situation the problem that cybersecurity that cybersecurity experts are concerned with is that my device isn't necessarily the most secure. And so here you're talking about, you know, hundreds of millions of potentially corrupted devices, and what could happen before my data get sent to this incr-. Updated secure server that the census bureau is hosting. Exactly. All right. So question number two. I remember back in two thousand ten when I was looking at a lot of charts and graphs of the unemployment rate, you could physically you could actually see in the unemployment rate graphs when the census bureau started hiring hundreds and hundreds of thousands of people in showed up and all that macroeconomic data. I imagine we are not going to need as many senses workers. Those fewer senses jobs, but also it will be cheaper. Right. So that is the hope that was the whole idea behind investing in this technology is that the the expense of conducting the census has really exploded. So what they're hoping is that by making people more efficient. They're going to need far fewer of them. How is it that we're sitting here in two thousand nineteen and the census bureau is just now or has just in the past couple of years. I imagined realized that it needs to get digital. I mean, are they doing this out of the goodness of their own hearts? Well, I think it's largely driven by funding. Remember, this only happens every ten years. Remember that it does take money? I guess in this case to save money because you have to build the technology in the first place, and there are risks involved. So this isn't something that they want to jump into lightly, especially when the census is something that's really hard to get people to participate in to begin with at least in the United States is hula pesky running at wired on the challenge that his name of the peace. It's a good piece the challenge of America's first online sentence because he thinks a lot of really appreciate thank you. Marie condo. She of tidying-up fame is a thing. Again, her Netflix show that you might have heard of following up on her two thousand fourteen best selling book, get rid of things that don't spark joy is her catchphrase. And it turns out there is a whole lot of joyless stuff out there. Thrift stores are reporting record breaking donations. But purchase on the scale of what kinda was talking about can be challenging and expensive for people who live in big cities because it's not like they can just stick stuff down in the basement or up in the attic, most of them. Right. So for city folk who choose to tidy up where does their stuff go and who pays to get it there? Marketplace's Lila Goldstein reports it's nearing midnight. And Rashawn aways is desperately trying to get rid of a drafting table that retailed for three hundred dollars. She struggling to offload it for sixty five. She's also trying to ditch shelving unit to other armchairs a wooden table that's on top of three bags of clothes. She's already donated all inspired by Marie. Condo and an upcoming move. I was like, okay. This changed my life. I'm doing it. I'm gonna follow her method. But in New York, there's deciding to get rid of something and actually getting rid of it. I mean, these are huge things, you know, it's not like you can disassemble them and at the leaf fine. They won't fit an Uber XL. You know, a ways buyer finally shows almost two hours late cold shoes. But he's handed us tools. He doesn't have tools you're she doesn't have tools. So they just stand and look at each other a way start sifting through drawers and asking the doorman for help. So we can have. A. Letter L. Yes. Late after some failed attempts with an ill fitting, Allen key. No, it's not. He'll have to come back. Another day us hunter tragic. These tragedies are part of why some New Yorkers end up. Just trashing things that don't spark joy textiles make up six percent of what sent to landfills from New York City and the department of sanitation says every day it's workers pick up items could have been donated reused leaving stuff on the curb is just so much easier than cramming bags of junk into a pack train and lugging it up subway stairs Salvation Army. How may I help you get two bags of clothes? The Salvation Army is among a handful of charities that will actually come and pick up used clothes and even furniture, and it's a huge operation in a massive midtown warehouse. There are metal carts filled with donation bags wooden pallets top with stacks of TV's and a row of at least ten mattresses a fleet of trucks comes and goes five days a week. Fred news has been with the Salvation Army for over thirty years expensive to keep a fleet going and employees. And all the wear and tear on the trucks twenty trucks twenty paid drivers. Plus dispatchers and warehouse staff parking tickets alone cost about three thousand dollars a month. Then here we are picking up. Somebody's television that we may be able to put into our store and get fifty bucks for he says, the higher value donations end up making pickups, but some items simply can't be sold at all. We've gotten caskets. Prosthetic limbs we gotta ashes one time. Somebody's ashes I just reached over and saw this machete. So we get it. All yeah. Someone donated an actual machete other unusable sit on a heap on the loading dock. The Salvation Army has two additional dump trucks just to haul that joyless junk away. I'm Lila Goldstein for marketplace. The final note on the way out today with a nod to the calendar and the Twitter hashtag fed Valentine's, and yes, I know this geeky, but some of these are pretty good from Neil cash. Cari, the president of the Minneapolis fed, and they noted inflation dove. That is to say, he's not all that worried. Right now about inflation in this economy. There is this one roses are red, blah, blah, blah, blah, blah, blah, blah, blah. There's still slack in the labor market. And it's pretty funny. And I can't believe I laughed at that. Also, this one from the Chicago fed last year Valentine when we're apart. My interest rate goes off the chart I mean, come on, right. Are we gotta go the del one hundred and three today four tenths percent. The NASDAQ up six points less than a tenth percent S and P five hundred down seven points about a quarter percent. Amir be Bali John. Buckley? He Epstein John, Gordon, Herron Bikila, and Betsy Streisand are the marketplace editing. Staff managing editor is near the deputy. I'm KAI Ryssdal. We will see tomorrow. This is APN.
Racing Postcast: Shergar Cup 2019 | ITV Racing from Ascot, Haydock & Newmarket Preview
"Get to old navy saturday and sunday just in time for back to school. Girls and boys polos are three bucks in stores. Only plus saturday only jeans or ten bucks for adults seven bucks for kids kids at old navy and old navy dot com valid eight ten to eight eleven limit five polos select styles only here at paddy power with the home of the money back special with some incredible offers every single week. Check out the website or app today. Terms and conditions apply eighteen plus begun talk. They're welcome to the racing post. We can post is cost. Millions and graham roy david jennings and patty pounds down hughes sugar update excited for the show cup gee. What a waste one of the highlights of the year. Isn't it genuine no of course not day jay no hatred height you just as a bit harsh of of haven't heard a lotta junkies. What's the betting interest darn underside think any other saddest. He's not able dhabi deo grand national no sorry but i i it's not necessarily accept on saturday. It's like a bug standard saturday at wonders. The band is on the way and i don't mind at any polling head over here but it's something a bit different. You know it's not hard for reasons. Do things a little bit differently every they went to the shogun. Cup company is go and i was like the most skeptical person of shergar cup over and i had the most fantastic day. It's a really good thing because there was some eighties band playing afterwards and i it is <hes> you know a lineup of great artist jessie j and go west antoni tempers were yeah because i looked up at she's to see which which bans a planet chumsford as well which is actually my local coats and they've got some queen trip you on afterwards. <hes> you know the band the band queen okay some tribute to one of the attributes on foods myself. Should i go to chelmsford. Watch queen or should i make the trip all the way across london which is more summation chances to that's komo's jessie j two toss up forget the rice in it's all about the about wh- so it's all about the money do not get that no i know as joe but i still don't get six racer lasko three iook and one newmarket for my ten race ace bumper package on itv's for and then we got some decent stuff in france on sunday so we've got all the best pets from all the other meetings as well. Let's row through the the <hes> shogo cut cadre before we do that though dan why don't we get some anti-personnel mines spent and some baton from patty pound who's going to be the top jockey and who's going to win the damn thing yeah sure thing bruce so we have both price still the winning team baton is as follows burton and ordered a new one euro ninety four wrestler eleven to four and the gardens are set kabuki and then for the silverside top jockey. Jamie spencer's fours ailey. Turner's <unk> shares eleven to two donnie towed home at seven during maasais his eight lines and bigger the rest right in the first of the six races. They're all ten races. Oh handicap through difficult some five phones. It's the brian g._t. Not free shogo dash down. Take it away with the button and you can go first with the first tape numbers. We're we're mooney. Backs of free bet here's your horace finishes second comparator for a pet. Is yours proposed smart don zeno at least the field heritage <unk> stolen destiny spores current united's lead to adventures venture sevens caspian princess eights nines of bigger there i do not i beg your pardon. Who'd you like. I can define adventure here for paula. Majorly <hes> bruce a he sustained side rail here. He's been absolutely flying farm lately a discount his last three runners very messy and he'd ruin iran on season two starts by behind sophia which looks farm now given are fine pipe pounds with goods angel hair and expect they will be happy hearts jeevan. Who's you'll fancy see i. I'm gonna put up a really good chef. I because this is one of the things with shogo company those reserves and i'll see what fence a few reserves run though is no no i've. I've got backups election. If tropics run tropics massive runner he's got loads of should we should look at that because it's gonna actually chuck it down isn't it good chums is coming out yeah. There's a good chance that some of them could come out with us to ask is <hes> it will be a high but <hes> yeah. I mean if tropics gets in. I'll be back in tropics however this is why don't really like the reserve system is <hes> in orland stick for that ossama last time. I because i'm on twitter you know one went met. Recommissioned was the one for me if <hes> tropics doesn't get in back timeout at haydock and it ran absolutely tablist beating twenty six hundred names didn't go yard dunno. Well that was all about obviously wasn't ryan's previous. Roommate was impressive on soft ground to you've sold it soon enough enough. I think we'd never take to reserve before oh. There's going to be a few reserves coming in stugz so get ready for rodion d._j. At the one i like here braces stone of destiny far far andrew balding and philip minarik who had to check. I think he's the german champion jockey at the moment and i actually think he's a show to be this silver saddle. When our cause i finds him in the first two races but this stone of destiny shorts called last week i taught was a red hot renew and he was drawn in twenty seven actually ran diagonally for two months. The i six i seven homer drawn three eight six nine five and one so he did back out of the hydros entr in twenty seven. He started the year off a hundred and five and he's truck tree paint plus jewish copper which i thought was really good. I think he's got a crack and john stone of destiny audio the one four t that dubai duty free shogo upstairs over two miles. If we do get the right now it'll be a right stamina test patty expecting please down thirteen berries yeah so at billy raise our treats one favorite laura linney then franjo buildings things eleven to two lulu audu. I won thirteen <unk> glasgow warriors seven randy seven thousand eight and bigger the rest graham roadway laid on the favorites called massive john's billy rose. He ran last time at newbury but said runs escort. I'm run terribly twice at the tracks us to be a major worry and his favorite is south or go with coach specialist water. Welcome there was down. The field good loss timeout. Although i think that was quite decent race for the great eight redundancies trekkies go good record at the track as opposed to the favor. I think he's one voice over the course and that should so what's welcome righty ho d._j. Yeah immigration routers autres here at my old buddy phillip minarik. This will be the second winner today. Just a chorus farm like there's a lot of stairs doubtful stairs in this line of body lineup. I think our water welcome. <hes> was definitely stayed that second to king's advice echoed would last our goal is looking very good for him now. I'm forget the rhone last week at go toward because nothing came from off the pace the way the races around bitten suited all so yeah it'd be pretty sweet and what a welcome and darren fairly strong fonsi here actually breaks down and blue laureate for for ian williams uh-huh uneven open absolutely massive africa last stay over course this is behind the maxi and really really slowly run race and he was added back. The hallway did very well finished stole seeded. Yeah given out of the race was run. Ascot's normally settled ted to suit closures as opposed runners so hopefully based on here tomorrow and strugglec onoda reframe the restaurants <unk> to fifteen dubai duty free sugar cup challenge mile and a half down the latest betting is certainly a challenge angelique would look at in the winter here in the office are ninety to call favorites with that big hidden and mandarin also ninety two rushing to one maslin jewish thirteen to two genetics is seven temperatures aids ended his tens on bigger the rest on david jennings. Your guys go first ruth. You remember the bar last year. Do you remember it was probably my only find my. I was gonna say my ghost in thing that one yeah monta right i have got the winner of the year i've got i actually have gotten you've got the back at number have a twenty two one right. It's a horse called royal royal line. That's trained by john gosden been crying out for software and he's being kept quiet audio waiting for software and hopefully they. It'll calm but anyway it it. It comes in with my tip here because i read hsun. He was turned to roy line in november handicap last year at doncaster. He's only one pentire now now and it's a second row not wind up which i think is huge the cheek pieces which were left off our back on this time and you can forget the run at newbury because like not naughton winter is and i would imagine this is being found for raccoon so wretched second won't run after wind up but more importantly get on roy lying for ebor twenty two one a great show <hes> darren yeah. This is really tricky struggle to get a hand lenders and the one. I did come down indianapolis for james given he was. He's farming eventually. Actually ballydoyle piracy hasn't been long in the u._k. And he is known of elevators for a little while colt down yeah. He's a guest actor. I do you know follow n._f._l. <hes> sorry yeah very good very good very goes straight over my very good enjoy. Thanks man putty ron well the last day and you haven't hate up his indianapolis episodes farm or rice xenos was saints and formed lead with that red verdon who won the arden states the states they had with anyone the group racist. I actually get this that a crack stairs. I wouldn't mind staying in the two months but it gets a strongly run race here which he he's shop. What does he finishes out his racist. Really really strongly is running a more cluttered stutz. I'm hoping to save for prince any share novelist off grime roadway strong fancy here <hes> a fairly strong. I wasn't sold on indianapolis. <hes> thought that <hes> it was between well. Mandarin was gonna win and there are scripts code food the prices and i was like oh there's actually feet mandarin three runs ago that sandra the absolutely translates well on soft ground which might will be <hes> and he was trying to give <hes> mandarin five five pound letdown i think and now he's giving him pounds so he's actually better off and he slammed him anyway so don't really see how you can back. Mandarin much approach than biden's coffees won the payment santa <hes> this one is was very disappointing loss time. That's why he's a massive price but it was good to firm ground best forms on soft ground. They seem very full. Cost between one to five meals are going to be good on the saudi good. You never get better. Does how's it but that would be a right fit. Coffee didn't eating gone that goods phone ground. He really didn't look on and i think he's worth. We're working chance bateman skopje's double figure price for into one right next up to fifty is the shogo mile over mile. Believe it or not what's the latest betting down and we are power. Darkness tend to trade are you from our deputies four to one another bad seven sway on his aides originally choices aids. Why is it is tens and big address new windsor darren. I found to- frustration bruce. You're not bad no one eighty down just because of the weather forecasters and other bash at all he has is good for 'em on grandma would have been a dig in. He doesn't need it like a battleground and just take the sting out of. He's run very well here when when he's gotten his <unk> eddery sakes in two thousand seventeen underground very very well in the battle mario overrun champions day so he claimed he does like the course conditions if if enough rams are would be disappointed if he wasn't there there but who do you like the only agree with darrin another bet <hes> was i floss timeout beyond raising sand esco on the wrong side of the track was third or fourth on that side of the track was making up ground hand over fist that would have been much much stronger race and they don't know a hell of a lot about the jockey jamie car whose go <hes> but hopefully she's up to the job enough bat. She's that's one problem with shogo. This should be the designs of the best jockeys from around the world wasn't it. We've got a lot of joke here. You'd have to know a lot about international. Writings have heard of thanks obama problem is is is this year is near the top top reuters before they've even got three pound climber over from japan this year so we could afford a free pound claiming i god is very bizarre might be struggling to get the top top. Guys goes who knows dave jennings who wins the mile i think i think it's funny. Darren said he thought this is the tricky six. I thought this was the easiest of the six. Thinking pair of darkness is rock solid and i taught the road last time. It's all how's brady at has off slow pace. Nicholas made their own and came from last to first steady outside taught one snugly and i was pretty keen on him for right at bedford codeword. He only tree pattern for winning that they had salisbury unusual. You'll be city delays that don't need to go up that much that meant that he didn't actually get into the bedford mile because <unk> at the one thousand four hundred pilot today and i can't believe he's only gonna trae penn state performer room in the handicap on to me. You've got the figures it's easily by. The end of the season. America has always talked about him as a potential group par on-deck. He's a good wind record these tree of his last fight he he's just he's a different breed. These okay three twenty. Five is the classic a mile and a half down. How do you potty power bellamy sworn so we are vivid. Diamond force won't hair bruce that never did not as far as an sap inkers for is what is what people favorites four hundred six to eight eight nine sofas is nine eleven and barbara arrests way. Go gee wrote. This is a tough one because i fancy mark johnston cepa inker for highly turner ran on a cracker at goodwood last week behind could ask to- wasn't make it tough because i have a general rule in four furlong handicap races where mark johnson has loads of remers which have been over post before and that is the market is always the best guide to them and the market prefers ever one baby diamond and i don't like that uh-huh having said that they don't they just say that they're four to one co-favorites now and it wouldn't surprise me if the money kind for suffering and if he does that will really might be confident about suffering highly turnaround boldness. She's worth mentioning. She wants to do last year and this thing they saw shogo cup. She seems to just love it. You know she she comes alive. It's g elevates foam as a writer this. I think she'll be the best talk show there. I mean last year. She just carried that goes team and <hes> that that supposedly vote against the bunch of lavas narrowed of absolutely a. k. d._j. Who'd you like for the classic grin just question on your mark johnson philosophy the and the marcus kind of dictate where you should go in these middle. This is enough where the money goes out walkway dr price initially no no not really now is the statistics based on which one goes off the show is price. That is the money then isn't it yeah but it's not the one that gets back. I mean there might be one that goes a free two one favorite interests from two to one and the one that goes from nine to one inch but you'd still wanna be on the drifter is about like you know which one is the better fancied when it comes to style and price roddy host d._j. Who'd you like yeah. I liked likes that argument but anyway like stopping is not based on grades rather unusual theory for that. I just think he's your typical typical. Mark johnson improvement as stay in handicap are taught that was cracking run last time really did like that was a that was a hot handicap code would and really obama traveled quite well as wide open tree pound on one of these horses. Could you'll see keep going until the end of the season picking up more and hopefully this'll be another one a cayenne and i came down a never do nothing accurate french voting bruce and boy. I was an american runners but i just couldn't speak them like the maury look dan. I thought that they might end up setting up. The race from this exit will probably go up quite hard. I think some very very well. It'd be less than america nine after a staffer. The high end bay lautenberg is silver course distance. He was beaten a length and a half and then went on to the gordon stakes at goodwood must be all that firm south <hes> yeah i think at a four to one as his side race he'll be able to backwards the jets are so hopefully we'll hammer pounds of front. He's fairly on expose. Israeli ed money goes over reminding us his improvement in today's. He's the one down a conscious mentioned the reserve that that's john's if it runs gray dolls <hes> run in the same racist separating time finished eighth and got the door shut shut him everywhere he went for. I mode and if quote does gets in. I'll be back in twas well. I'll cayenne finding the four o'clock is the dubai duty free chagall cup sprint over six furlongs down. Take it away with the show betting shirt hang bruce. Yes jamie spencer razor two favorite hair in the shape of victory a pasadena then as four to one hero heroes ninety two kinks zaid's. Jack's jack's point is aids junius brutus. Tanzania's twelve <unk> divy d. show go to go. I i looked victory days very solid and could just be a lot pattern these that was a great role new york last time but when i taught was overpriced and way overpriced cruising lord who was a little bit disappointing last time at ascot but if you go it's only three star to go since the cruise lord was just beaten by curious and enlisted sprint. That's on them and in the context of this race. I think that's quite good farm. If there is rain i don't think that's going to bother to cruise dog because that they attended integrated with self so the more rains the moore's chance improves and you'll body and plus. It has his name again again. Phillip mena wreck is that his name is name actually philip minarik at germany german. Yes that's konishi nine nine. Doesn't it muffling belgium might be. I looked up as we kapadia page on. It says i'm says he says he's german. Women champions fair enough yeah but you could still be so yeah. It could be belgian just 'cause he's. The german champion doesn't mean he's definitely german. Does it darren who's your liking in the four o'clock. I taught this renaissance straightforward could end up being the stakes are burleigh. Bears <unk> stark speaking thought victory day here was absolutely rock-solid where tuned to one. I think this is big fight there. I recommend snap that'll off off-balance shorter absolutely monster on that he did literally everything but when i think jamie sponsor make amends and expected and g he wrote were you see victory was second beyond my oh three commission your close time so it's kinda hard to get away from him but i am going to because i don't really like the pri- so one short enough for me. I thought that magical wish was interesting. That was i in that race beyond recommissioned victory database go back and watch it on the video <hes> finish stronger absolutely flow heim and your speech wreck and ask always stamina tracks so he's is going to be coming into play here and he's being running over a seven furlong since i think he ran galway on over seven and that's a stiff seven as well. I think a stiff six or so in well. I have to again sadly after mentioned the reserve you see me. It was also fifth in that race. I do think that race might be the key oviously and that one was one that stayed on really well and if you seen he gets in a double feature proc- lovely world done for the shergar cup. Let's do the rest of the i._t. For action next so does any tree bet that that my horse has to do part of the race in reverse. Everyone loves a newbie. That's why poti power games are getting all new customers. Sixty free spins on daily jackpot games <music> games customers only one per customer jesus. He's applying to become welcome back four more races a wife from moscow on t._v. For ten races can you believe it. The first since at one fifty five <hes> haydock volkan village chanuka volkan villages anyway so london mall series qualify. It's over a mile is a class three. We've done have price issue ship. Hopefully we do have the winner darren yeah. This is tricky of rossetto prices because it's hard to get a handle on way. You're gonna approach. <hes> the one i did. You come down on who i think is lately to be a healthy job. In favor of price is as who are n._c. <unk> hand. This is a cold he's again. He wasn't cold. <unk> sailing might go pretty far last year. He won't his novice minana malissa ray stan how it's all there after wasn't beaten all backfire then do darn hot hertzen baranova nora indebted <unk> egypt is formed detained off that continued intermission out. He's been gilded this year in his last will seem absurd to straighten a little bit and he's running off better at in hot heine newmar benassi he tried making economic asked him and ask her to much too soon in a race won by slash carried away. Think is probably a group perform and handy hats. You finished the best of those that were prominent that day i can contract like hey aid is more favorable to runner than scotties. He's done reasonably well in boxes and he shouldn't have been which petition for the i think he dared airboats there at the end of a decent price. Fokin village seems to be an actual so of village apparently funny nine four hundred eight g volkman village. It's really weird it because the coach mario as well when i was kind of the season i thought what a strange race nine for rice property for signing volkan village anyway what's going to face spirit for charlie fellows. There's one last who starts over coaxing this now. This is what's interesting about this. One is hydac gonna be up so depot clock is by the time they finish their later on a little thing for radio. City liverpool can't wait to get the weather update from them. You know he's gonna he's just good. Tell me about ideas pouring down and it's going to be really self ground now. Also we start. It's my experience one of the coast on soft goods to self graham but we know when they say goods us off the probably more healthy happy and so he's gonna absolutely subtly we track. I don't know why because it shouldn't be should it's just basic configuration but some of these seem to love at the gym that the thing that jumps this absolutely. I'm basically yes. I'm able there and remember that rice well that that host is perfect. Example bushes loves or may fester. It's when the last two i mean if the ground comes up soft only so many of these are gonna handle mayfield. It'll be one of them. Some believe wasn't they. Give you ever heard g roadside animated about a tip that was extraordinary doc scott limi- more to the man that was great d._j. Tight <hes> d._j. A. g. what's tip off that. Can you know absolutely not like you're gonna be delighted here. Because this'll take ten seconds. I just saw wexford was was the most solid option another engraver phrases at just. I talked to not to finish in so close at chester last time drawn installed l. one and guaranteed to be in the frame but not one of my strongest label f into that solid option last week the upper fed i'm e._j. Oh you did cool like you said that i'd be a real can't comedy bandbox of a rice new york one very solid ones who good that's what happens pence to saudi option to thirty. The british stallion studs e beef dictaphone stakes for fillies and maize over a mile down. We got some betting and and we we haven't debray miss o'connor for william haggas starting to unfav but he's the onondaga for your back. It is eleven to four months lease ninety to contrive waivers h. One is and core is eleven right star is eleven donnas artists wells and made for life rounds at twenty one. This is the most interesting race they've made david jennings. My trackers to horses in muchly ran really well recent. I liked very much but feliciana vega. I know a lot about these vague becker. I think this is i run. Seasons could be decent a bar. There's a buzzer from william haggas yard as well ahead of the market so you know quite sure what to do. Help me out yet well i did. I was actually working in gore and they did the analysis for won miss o'connor johnny dean and i i in may was sold afterwards to stay and what they call them lael stable or whatever the colors of master but anyway and with with missile conor dot was a good man romantic proposes that the formula has some work that way since then that race at nottingham on soft ground like to win any race by eleven lengths is a hell of an achievement for missile connor. I'd say she's pretty good but i'm like you like this feliciana vega when i seen the entrance i just presumed that's. She would probably be favors because she looked at section. Do real good performance at newmarket last year as well that was on software. I think she was really really good and to me <unk> she looked like steadily grew philly in the making and i think she's achieve more missile connor and given you know that she's on exposed. She likes off brian the range of coming time she's trained by rafe packets could possibly go wrong with that. She wrote on jayjay one vote for king rife. What have we got from. You darren. Yes amo gambro. We asked i i again. I kinda tell us that he would be favourite logo. Just giving her profile fernow missile connor visually speak has been impressive but i'm always very wear your white margin victory on software like dot com that is sensational sent off to fight but what really achieve their list raised in the book. Okay alrighty rapists playing yeah. I have these two. I never once narran price who am to mr karas price fallen cheese. Come on giradi nine makes sense feliciana vega. I suspect when <hes> darren and these mates down patty power go back and price this race up properly they i said last week <hes> feliciano very no said last week i suspect feliciano deroga- might be favorite and i think she'll win. I mean what's what's wrong with us. She's unbeaten into start. She absolutely bolted up and soft graham first time out at market exceptional and then went on to win at deauville <hes> looking at as low as more to come watch michigan lost time at nottingham she one boy but she wasn't really on top into light and she when she just powered on in dowa sort of staying like do you think she looks anything special. Obviously that might come into if it gets really heavy but feliciano the vegas should be too good and she will be favourite full house for feliciana divided. The three i five is the rose of lancaster stakes over a mile to and off off and how do you patty power this darn fair brisa. We are ten to eleven for enter lebanon. Day was a hickman for franken. John guys'll <unk> to raise you is nine to eleven to two while the sophist wells surrey two hundred sixteen lunar chat ranks out at fifty one. This is tough isn't nick girard. It's the best race in terms of quality of the days. Now i mean i wasn't impressed with lost time. <hes> we don overseas being gone been the king of the weather. You know he's lost on on twitter. Feed asi bolted up in the cambridge. It's ending so who takes your fancy. <hes> yeah thought this was easy. Great day no couldn't have him. I i mean shoot price very disappointed with him time to sean in a fair way up but i thought you should have won that race was there to take okay you too wordy beaten to weena aleka at oscar no reason why shouldn't the beaten him again. The graham went soft those very disappointing. We've been skiing. The awebber could not come up really testing testing a massive question mark about enacting on the conditions an pond us is an absolute certainty. I mean james fanshawe's runner last time out. Haydock wasn't haydock newbury on soft ground beyond ozkul fox chairman who told his business ace and pundits was was well beaten by folks chairman. The line was coming back really strongly shaped to throw he wanted to stiffer test is really good that you got an extra half furlong however we've already said a million times the ground is probably going to be extremely testing docking that should bring us proven stamina and supply <hes> <hes> i think if he repeats that from last time out against folks chairman easily beat these two at the top of the market any of them as well as a free road and and improve upon this do you pundits d._j. No i i completely disagree with both. I don't think there's anything wrong with a day last time at all and and like your tip and ponderous is right a hundred and five like a deb finished in front of horses rate one hundred fourteen one hundred twenty eight hundred nine hundred twelve jar beat them convincingly was just beaten by a horse who basically like just blossomed on the day and got the nearside ray and it was very impressive horse step that had the potential it shows a producer a day brian to is mark like he's stuck. That's what he is. He's a he's a very good horse. That's going to be beaten by something that the ordinary and on that update at aecom was the ordinary eighteen cadavers absolutely rock-solid here really do rate one hundred fourteen like pundits is a long way to go even on the fox german ruin to reached just eleven better deb has has reached ready and i think the book and of richard kingscote is a really goes well. Would you believe right in his career asked haydock rice nice. If you backed every single one of his roy at haydock he says flav hundred seventy seven royds of hate up. You will be eighty six pound and forty one pence in prophet. He's at a hundred and six winners from five hundred seventy five hundred and seventy seven right behavior as he finished second seventy to finish third so basically half of his his rights hejduk a finishing the first tree which i think is incredible. I just think he writes attract better than everywhere on graham. I think you've got this race completely wrong. I think day will easily be pundits. It'll be interested and so very strong cases. There deejays absolutely crucified <hes> the pundits selection come out with a great style on richie kings coach saddam dan. He's got the costing fight. What did you think will happen. I'm actually i am rain you b._j. Before you can't be i couldn't ankle more what he's like literally everything down to the staten atten richard thanks for that's an unbelievable this horse at this course. I think this is so straightforward. I tend to eleven were sitting under dr sixty five eleven out there. I descend snap. That'll i think this should be four to seventy or more so even charge again really really straightforward soft ground eight up bridging spoke best form of the race. The best horse race win simply drove it g. Would i put it to them. Both that day could run to one fourteen here win. Okay we'll move on to newmarket <unk> market where it is the german thoroughbred dot com sweet scenarios take some group action group three for the phillies over seven furlongs down howdy patio on this one so we are our fight to to <unk> roche stanford charleena tend to three western guard is light to dark ladies turkeys ramsey is a one sufic- is one it is fourteen and figure the rest trickle down his back to you to go i. I'm i don't wanna hear it was was dark lady rich hanna pat dobbs. I know this is a fan of hers. Well french past four and she was scandalous. On local last day like it was just she was caught in a pocket at a crucial over over six <unk> out to a little bit tougher toll and like if you go back to her her win on the woman she was just so oh impressive dot daily she she will not a group in the megan. I think the step up seven furlongs era's gonna suit absolutely perfect and there you have the nine hundred hairs. You have your each way. May i cannot see your. I try to be honest. I really fancier to wind racing. She's she's affiliate of really high quality very strong thoughts there from down giradi thirty eight degree. I think a nanya is a p chapel and remember to cross it gino percent demise. Take us to try and win. It has dhabi once but yet it's always yeah <hes> what was the first one remember authorized authorized. That was what i went to yeah anyway. He's got one in here. According nanya won a novice oak seem race over since last time. I know that that race don't stack backup well usually company but it was so impressive absolutely flew highness oaths on the brett doyle understand why and then you such big price. I i think is the connections that breadth away on the train chapel chapel on. I think the fact that there be unfashionable nowadays means that we're going to get worse than we should do about an okay lovely d._j. Who'd you like. I can't wait for this race. Oh really count. I think that have got this completely wrong all week. I really do an echo. Everything darren said about dark lady this chicago favor. That's how much support will comfort because it was blatantly obvious. I don't know if the layers were watching at the race at ascott she he was so unlucky that day nothing went right. It was like it was just summed up roy moore season really he went for a close. You went for another gap accused. You went for another kappa like she finished fuller on on that day behind under the stars and the fact that richard hannon has won this race to the last two years has y'all duty to know as she's back again over over an extra furlong the time before when she won lingfield she was spectacular than the middle track to me. She showed me at least half. The price is now. I <hes> actually take on form. She she'll be favored all eating thirteen to two at the moment patty power absolutely massive down. I love the bit from d._j. They were done if the laws were watching. Did you ever watch any of these races. As it professionals campaore to sydney to bother january had already like racist right. Then what else have we got on saturday. What's the rest of the rest of the rest of africa. We've done over the vast remmel kit that rising at redcar chelmsford lingfield and over nine kill you'll beg an an is a meeting in scotland air right in girard. The new rule is you write down on your other tips so we can winstrom gnashing quickly rather than trying to find where they are. How many have you got for us off. Got three and i ever down okay and the first one is at my local track chumsford. Remember the worst writing five ever seen. I mean <hes> well. I understand it but it does anyone use a pen anymore. I've found the quality. My handwriting is totally degenerate. You'd never write anything thing. I miss his teacher and she you know she is absolutely disgusted with mahan right. She says a six year old br anyway we go into the to ten at my local trent chelmsford now winner at challenge for the my my last week one nicely eight to one so. Let's hope that this wins and it's beautiful gesture. The co burke who was good third lifetime out at nottingham is going up in trip. Should it be so it by the obama cracking drool install to you do need a low drawer at chelmsford then we're coming over to newmarket which is enough for my local treks <hes> and we got him for the two for five and it's going to be incinerator should be too hot for these. <hes> josephine gordon is roy. It was very impressive so i was trying to get through that was very it was as bad as you know. What about the coats anyway anyway yeah this one <hes> when did it. We'd lost time out on this. Yes sorry catterick on noisy lost over six catholic going up to seven here attached to hugo palman trains apsevci flying and then we got into full twin see at newmarket and this is one is as off for richard hannon kung. That's a full nonstop didn't james doyle's riding and it one the other day on the sixth of august. I was wins the oh choose newsday this week and it carries a penalty for that run and richard hannon says <hes> the hoses in cracking foam. You gotta get out quickly. <hes> oversee go go up the whites and the north sea treat so little treble the incinerator in kaiser lovely. You sound like a market. Try to turn and so fruit golf wolf interesting. I have any new round them just to tell you for them. Just to at first of all in the wound twenty any five at haydock the first rate of kings are you think has been very disappointing but gills needs race and he's just he's just still a big baby and i taught last time windsor. He actually did finally nocal- dan. He's strong travel is very keen in early part of his races but i think he's ridiculously handicapped so of kings for type cops no-one twenty-five hate up on and i'm really sweet and one in the four fifty five at newmarket hohmann for roger variant on david again second run after being gathered this. I think it's wild handicapped off eighty. One one ramwell just needed the road at newcastle returned from three hundred thirteen trail didn't party daybreak and in june new casa. Take could be better than his max. Oh man the 455 at newmarket of kings one twenty five at haydock age. I'm gonna test your knowledge of english colloquialism here which part of england's from if you say how men in by way of the greetings with fellow human ben yorkshire now you actually mentioned it in your explanation for the rice newcastle who ask what judy jodi say harman right then down. Who's in your random. You know what i'm trying to do an impression of an accident the only way i can do an impression is by saying the word so find an impression of newcastle the only word i could say in the newcastle action this newcastle and the only word the only word i can say when doing a liverpool accent is liverpool. That was the worst scout sax and i've ever heard darren. Who's in your roundup. <hes> just the three bruce i'm actually heading to detract from xpress on the seven hundred five income begging <hes> make my explain to beginners chase there. I walk with too much detail. Take the market is going to be made by aim for a raped by foreign entities getting seven pounds off them run very gold with their last week. Waco brave and degraded novice chase is there to take another step forward here and you should get a decent price name and hi nathan america's sake montana had no air there those are at a twenty five to seven heine dongola neurons to here and it's probably second-string that i kind of like in the shape of least often wrong coker runs back that was behind leopardi's soleil over at the same course and that looks pretty decent farm now who gave them chromos pairs of the saints and back into a classic company here soft grown own suits megan nichols has taken a very pounds off as she's right notre skin late last one day is a bit of speculative one five o'clock and chan the answer. It's a ten furlong classic and and when i came down on her salary for sean keith the enjoy being garden six gigs in a row in terms of farm would mcdonald's fire starting has the full story and last one and transferred was over moylan six and i just think that was a little bit too far he was very very early of slow pace and and they're looking like he was gonna have trained then just faded out again over two time for that german giveaways the star at lost enter twelve lengths that was him. I think twelve hundred ten furlong sorry on the all weather with strong pays. You likes cornyn here. Who's lonely make this. The really really struggled as hopefully if he breaks okay incentives okay i. I just think there's a race in a career lamar you. You're gonna be looking at twenty five the treatment one on this side. We'll see nine tear side t. y. R. s. tercel thirty three two one. Wow there's no prices yet. Now's yeah i yeah i'm bigger again tremendous last week together as well. I think shown caitlyn gold and goods. Let's get the naps is will not be too darn hughes. I live in the one party at ask us graham roadway on this free. Oh five haydock and david jennings dakhla eighty three forty five newmarket's road online spat with sunday next checkout potties rewards club simply place. Five bats have ten pounds more across any sport in a week and you'll get a free ten pound bet then next next week teams. He's applying eighty plus began below. Hi welcome back to the racing post weekend. Postcards is bruce melanson graham roadway dave jennings and patty power down. He's looking ahead to sonny's action action and if it's quality one look no further than the three twenty five beautiful dive village the jack lemmon a mile rice now the mall division isn't isn't that strong that particularly now that perot to don hall is retired by it should be competitive devote hate. They should go some betting for darn sure they breaks yeah so watch me. He is our eleven eighth favourite roman stanford end condom making the trip over his eleven to four shamanee's for us to demand six one liner julius ends brain ranges is ordained success. Days twenties on vocal music runs about expert. He treats what july d._j. I like the favorite watch me bruce. Am i taught archie was absolutely exceptional. In the nation states like she travelled like the bachelor and the ratio quicken like the best filly in the race to me. She looked up to its star on. I don't think there's any stars in here here like what sums it up as roman is pretty good group of former to last time eleven to four second favorite to win a race. He finished fifth in well beaten my office insurance in some ways. What isn't it yeah. I don't think the grind is going to suit him at all like i just watch me the rest of the moderate so it's pretty straightforward i would love to see roman is win because you've cancun is probably my eighth beckett for you and that he's just an absolute gentleman. He's such a nice guy. I'd love to see roman is win but to me. Watch me just look so superior interesting. Watch me a strong selection for t._j. Turn your. I wanted to actually quite enrollment but i just see here. The ground is soft over their doctors. Lactose puts me off like i said it already. The podcast on at ascott was that really pack and farm and pretty much everything the front by designer one group racer come come very close since so don't end up coming down with stadium and the french horse or possibly barry a very highly regarded shared an end. The things didn't work out. You're on all right he wasn't he's going to be falling brought back. Some isn't ideal but he doesn't pacemaker in here so <unk> goff clapper's on hopefully he he's he's able to go on southbound. I reckon he google quite those. Who'd you like grim me. When i say is it lovely stuff right and elsewhere we've got i unlisted racer tipperary and the racing windsor and lester and downpatrick anything force on sunday grime to see in the five ten at windsor <hes> ran on thursday nights at sandown and was well fancied on the mamuka and to stumbled badly uh early in the race and the race over so quickly and so i'm a mockery is back home bodes pretty much. The best around in these sorts of races out to save is worth another chance johnson j just like one person the two twenty at them patrick road to dubai who ran well in red house novice hurdle ask all the way i thought it would would be very hard to be rated hard road to buy but just to to fifty five downpatrick. I've been a lot. I suppose a decade basically looking at race in an restraints and then spotlights and analysis the two fifty five or ten patrick is d- works race i have ever seen in my lifetime ever. I'm a horse in their trained by willie mullins. Coghlan's called herbie goes bananas. I run to this day but hasn't around in years if that horse has four legs it will win should have four legs dunk nine race with any fewer going forced down. No just one <hes> bruce curve as your stakes. I prairie on sunday. Eh three forty three forty three barky. This is hailed and north and came down was botanic by haji as far as possible brian one them on his maiden at nee sent off a massive price actually be para crises of aden's who has since gone in twi percents in in <hes> began as i reckon higher proprieties could end up being putting favors but the table tournaments. How did you a favor. I don't a case both here. The jockey book joe started so you have to imagine he'd gotten first of his dad's horses and you know very very smart that day and without experience under his expected to gwen here again lovely. Thank you thank you d._j. Thank you thank you very much tuning in mattias back on monday to look back on this great weekend and we've got another racing post. We can preview focused next friday. Did i party power. Games has over two hundred and fifty if you'll favorites to play online. How are we going to attempt to name them all in this ten second before the ts and cs kick in there's blackjacks becoming we're going to idaho in one billion wrestling podcast. There is a nude shopping store with great interviews. Dallas music ed barracuda on total engagement podcast by forms listen.
Barbra Streisand T04 #16 El Vuelo de Yorch
"Bobby so fun those prosecutors bay full veiling. They say they don't think. I thought they came a Copy phantom of the on the recommend too messy interstate serology in particular medical parallel to us but historical compartmental chauvinistic. Hold on to you From the she is funny with a to own system. I'm stuck in moustakas a month on. Don't do nicasio thought sanyo center. Yesterday the always. Cu that he'd done the nosecone should benefit chicago. Same i let them even giving every two of in the middle of winter squash komo about joins three seven in the center of the media. Who the aim williams. You're in my noticed station. But for sort of kylie did to the mobile three at agape political quandary yet any app in asking with mrs that your sheldon unit. My draws linkin to matrimony. That's why they don't ask he can get as far though this week. Got some spectacular decking on your body if base. Jekyll unilateral highschool in upper that meeting thirsting. Way governor neil diamond yambio infrequent benita amiga look at explicity. A computer on the fisher stale codes took a story land. Not enough the stays on the competitive saying three don tissue hero million interesting as wonderful. The auto allow the the frank but was instantly byun but another went to sit there in the house of the august. Amman desk said picnic. Intermingle was interesting when you're not in texas into the mobile funeral death rallies independent. This drift booed dane six comedy. The boyfriend another evening with harry stonecipher specific to throw within doses in that. When the can do this don't there's no bureau berry than the non go go through the nervous to enter. Took the lion moment units. Comecon dante notre yuckiness window at the university prima shown in the potential confusion s sleeping. Be inappropriate everybody There's the tonight show. They will tell him. But a million of those and then we'll see car. I can get it for you. Wholesale representative prepare dealer. Senorita model stain of view has positive. Then we'll just for this story so domino put in your donate. Put him on hold. They almost got him and let me throw enormous studio but advocates douglas county. I can get it for your wholesale. Don't monster dot com. Economy will not stain the union. That with that. God what are they doing to us now about the aten mass who took them after. See uh son who and where the days go laughing by as comes a call in on you sleep on. Don't what just he's a father. So is bob. You see suey be done taught me i will walk with my feed off as a committee. Just these frothy take. Maybe i use odd to be tall. You ready to hear your day. You're ready to learn what history has to say. Yes this community. Koala petitjean in billboard me does participate in part of a message on this. Call me now. Being eighteen quantitive saudi-owned deny been needles. Don't interpret schloss. What seventy six pain was writing books with a main reset. Now go through. Libra song predatory president of columbia records. Get down another the barbara. Give your manager. Martier only got lock your forever. Absolute kantara district. Eric matsushita in industry discography go can't stand on threes track. You can buy t known on your status interest. Washington advani allies whispered slowdown. Jaw columbia records the planet but as a middle level. Bussey come into postal got about interesting in studio owners. Trump does com Stuff many nine. Establish juanita's i've sunday puszta. No matter what you've done in respirators. Grammy in three years old. They mean horrible kelly. Stephanie now built in what about in that muscle renamed the vitas w mccord. Album in semi nacionalista diller. Weisman data. i'd love to swim in a clear blue stream where the what is high seco. Then go to town. In a gordon gown and fortune just schussed one johnson to want wa designed to be kissed upon the. I like to dance till two o'clock maybe standstill dawn. The bad could stand it. Just go on and just not to waste. Oh we've got to do out on fasten so oh to the law to do side but never done some bad change much Stream mumble of kissed stiller still serve the fun again this discourse flippity. Ms moore exeter. Evan does. Japan newman to identify recycle. Miss this must have been devotional. Billboard cranky took control the beatles domain list as they exhibition in the mid level the sitcom. Barbara's album moment. Those a few time goes by in the middle. They mean within the quadra giner ceos. They're funny gal third albums and a clever thirty or continuous Kind of Model other reference he will dealers threw a normal call candan it's same story. Believe fired full down as well blah. Funny gail did junior stein overall mostly cloudy roadway in depth of our funny breeze. Clooney actually throttle moment. This was being. This is the mark from within those off but officially they have come to this way but other time you live we'll be own. Put him on. That will be interested in meeting of him. Really julia dominion doses synthesis. Larry in on this another one contenders. That funny guy knows before you. There's been talk about it. But i know talked to in the data at two to the most simple addition. Then swear that the figures are a comic but titian onstage then mission and as far as the man is concerned if i've been The i know he's when the sky ground started ringing know that he's by the thunder. I words that can't start my heart. Sing a is the all suits and in the last two the A and you know. What only in percentage saito people. I won't push own. There's bound gonzalez beaters month. And in the run in question on as people look toward respirators in three years with your family just not yeah but if either enormous parameter interim no interest isn't usually doses entries. Obviously it's on sunday. Utah go more extensive. Not my with komo. Content dante point up to leaders and the judy garland show initiative. Judy can cut way down in the your only super mattis piano player but are say my name is barbara min into sentencing bushwick. See throw skull enough. United sunblock on komo the is diplomats. You need up. Dr como study that young okay. They make incorporate semi gonna wanna computers elizabeth theology bus juwan numa those into these quasi including next ninety the on demand. Borio move you. What i me put lemon daniel. Consecutively was my name. Is barbara contempt noisy or second secondhand roles spectacular and let me see what multiple syntheses. Sammy caller me. Barbara in the wall on show. I come from the next week. Wildlife up. And i wonder why not last sisters the exodus some some place some place some place where we as i sit down and back at me telling me what to be on the pain can just get out this time. Some big. no some brag newtown. Most of ood find him a man who already about where i go a manual nice. What i know changed my life gonna live in town and And nobody of inter societies boubacar shin- barbara medical michel legrand continuous kanthasamy. Fantasy english this quarantine complexity under barbara not mere old Do in november. Kim percentage land does simplest rayson for the film. The standardize mostly cloudy somebody of numerous numerous. The last last year christmas album. This math latimer lobby daniels contained little covered this another jingle bells silent knight maria loss and corner. They may not in the jane. Medicine would actually funny gal canto to the two thousand eighteen commuters on his story of these this the special edition a happening in central park. Actually about a pack a beyond the contest odeon say could but i am but it's your number and the democratic party That bobby the rock dente. Quick on walkabout day anytime minerals infosys and innovate the upper valley. Come rusty he bought it again. Does this 'cause august one zero. If i sang at a to would you stand up and walk out on me you france. Lend me already Sing you us. Ano- try not to sing addict key. Thank you oh. I get by with a little help from a friends and Get with a little from a friend. with a little help from What do i do when my love is way. Does it worry you to be on. How do i feel the end of day. Are you sad because you are on your own. No you get by with a little help from my friends. friendly and gonna With a little help from for Your want some tune with a little help Ooh water olds could just boost fromm in connecticut of stoney end who licata emperor of the with interested then up to the nervous admit skit at school. You don't own interpretation good job. He started to pass all sky. Amy good gummy. Donny begins his a theology. That logan cater into timber barbara jones. Three thousand dollars. You know it on you so into that. As for my fianna combo bob. Either saddened drugstore com. You you them at the other little symptom but they must throw swap or your particular makihata interested in those trophy nita pollock sullivan hopeless. Mother and bonilla. In this live concert at the forum concerto politico funders per candidate mcgovern. I was telling somebody this got by. The artists stigmas musculus synthetic among people. Don't rain on my parade. Happy days are game while in moscow stony. And where'd you lead through inspiration or make your own kind of music in on. Probably the discount jamila mass. You won't win. Offload undoing lady barbara not going on emporer steps and you don a good book tweeting on now dollar store. August is our out now on. Golly almost cast this guy. Aw so interested entities portugal. What want us to the barber. Stay send an older musical instruments. The typical bureaucratic sds equal mafia many different. Sme's minute romantika. The way we wear did he that for sydney pollack will not we. A permanent home does different. The political scopus alien to critic as possibly was on mother's like four lucky me three recent force though he's meanness in the needs the in november mean interested in what you buckle up on. This went on a monday. Joan peters fully one butterfly get professionally to amass got us spectacular petitjean threaten. I'll be in november this year. Your say detour lacy afternoon does not send us down. He super medical film contributed hans treats need a. What have i gone. Interested they say. Cj medicine raffia villanova. Three-year simple classical barbara will not multi blessed the streets and the focus. Does i lost critical mass lewis. Could you gotta walk on. Dot com victoria dishonest. Stay san otago. You're not gonna go hold on sunday. You never been ruled who haunted within. Then theater shepardson streisand superman valuable mess mental caterers conduct tamika exit door and aluminum Is in mind. You're listening to the song bird on the democratic party. I love this on next month sunday. Tomorrow against the you don't believe me is lower amar's foiling through with industry so that the heat up or even kashmir fade away. Tommy lee jones station which i thought bubble mista scholar country on prisoners new w bush depending on do. Don't bring me flowers minarik interested in three this joke. They will name you soda that i love your other sin. You could ill media that. Yeah chem was if you don't about home to that amount next door Threes on memento parabolic. barbara's threes and greatest hits volume. Two no matter. We're not gonna spend for that. Meeting with interested in other saito went on that mexico. Maybe donna summer tim on no more than fishing cynthia. What an owner ecological monica discount man skiing a donald off And september them in novi. Tinto move on to here. The to the guilty next connects directly Got a phone where the owner of those spaces on their considerable think of this and it still is only those needle masturbate units at copious until she ended. This has been on this three send. Are you gonna hold door game. I mean if you do put us in theurer guilty look. I'm funeral pasta. Raise their bill. Were hot thin the mission for a woman in law searching for your massive she so they told us what you want to put your nomination whether it'd be hot. Dish meant the brand new kind of rested their mind victim and i won't demeaning and figures commuted on the next week during our sponsors mondo goma. What kind of fool from blurry promises wonder where will be tomorrow. Zero three sundays medicine not filmed the gentle yelling again did not input abandoning discuss mental stallone. Respite understood did the camera in your memory. Moreover most cats he coming in and out of your life. I'm boston mass lamented. You got started listeners memories. Yeah combat tempo in classical districts and wonder coppola theriault gained louis. Es the las vegas mass massively to memories citadel said saito in normal the billboard up into course they patino joining us. Steve an bluer scattered of the spa smiles game. Two one full all the man could What's too painful to remember Simply shoes I'm here those interesting. They think look. Unt-until unfunded gathered. Deborah where gonna getulio grander discourse to a compost the cleanest but then clean diesel. Repeal cargo bachelors multicolored brockway. Come on a little night music. It west side story including teachers send in the clowns is sound. Were put us. Dad won't not putting your grammy and audio hoarding film boucle immune dozen of winter. You know citizen thome said the of this just for the record hickory. Ataullah restauration inquiry. I must visit into unison. Three unisom people. Exeter's as they must thursday damian within doing and joe never know estemirova theaters S- sent you see that other than the bill. Clinton got precedent brooklyn the macos. Funders company. Electoral. mrs francine figure. I've got across on you but a won't do it it. My exit fiance michigan and september. The meaning of internal stress and lethem fully commit feta the less than three dollars seven. Lucky down play one of those muslim. Listen they stood that in one respect. If what if you got up a lot of time in to moscow that it's all day and nighttime here we saw never had the least notion that i could fall with so much. Emotion could moved Mud crush on sweetie and all the song could fall with who look pod in september street. Center yoga's directed. That's a done deal. Quattrochi must contact us. Dawson says he doesn't know york Wounded studio vienna. Christmas may maurice those missing column la tongues but other guilty guilty pleasures film. Cocoon on this series. Barry chip in this is the only and fota they say. Barbara smile. Tony bennett lucasfilm promo productivity boom optimism daniels bennett in says donna. Ready to propose or to the recco that formed off but unless multiple goes if he ended up from the station to saint-etienne and what job. You're center philadelphia would approve ray staple center painter tour up to exit riddick i but your records in gossip mentors that he does the other three thousand money. Francia your the rain. Only twenty. Julia does not compare this group of accuracy. Content broadway exeter critic. Brian canary high food every cloud. I abbess the oh kok to missed much. Sure in those kaduna volume to the love is the answer this call diana crow. Jaguar premiums posters list as the uk albums chart the billboard. Painters litigate on. What what they're small. Start back to brooklyn partners and my your they those mid-eighties as streisand she end. Album in core moisture noticing broadway. Cause unkown i was supposed to enough quantity of with you. This including the media theaters threes and confidence focused on the walls s data. We'll take take on mr trump. So you'll does the november the postal lesson Pista they're stuck s. Don't lie to me is the restriction jecklin threat physical notre dame on the taliban. Talk like you're the guy. Chad does but brassy do enough. What does but of controversy there they. Affirm not accumulates minardi asset defense. Maybe being in the this we yet another goes on the on the surface later. S demand meet the komo fiorella fianbiiro. In those days. Straight circumvention done differently nkhoma discourse. When did this come with the beatles. Garth brooks expressly. This does communist rolling stones. Bruce springsteen imada nasa meal laugh along schumer. Would okay commissioner syria truth super fair to who the avenue clean employers who worked for exeter straightened circumvented artists. Sam salmon rantissi's the top ten. The rest is he is like anton. Tiffany nakamura's been steria restauration. Local molde's demonstra proficiently. That do number two to talk about as issue got combative done to donate has under this act. Hollywood call new has done muslim. Bitter taste impulse Brand s jess. Let's static glen this like ocean. But i do know group of the funky rhythm-and-blues they must exit only study at gwen. I'm fire. this change. Think mindset tonio hours controller not meet the evokes facebook instagram twitter. Winners this improv. And tony cole. Taback kim made it golfed.
Two important webinars this week for Iowa farmers
"Well well on the big show clock by going to the big show moving along here Andy Field. He's going to have some reports coming up. We're GONNA. Check him with him again and We are talking about our eyeballs in the field boots on the ground, and is in Washington County today right now we are starting off with our good Buddy Matt. Duffy met as CEO with the Iowa, cattlemen's Association Matt How you doing today I guess. We are looking at some crystal blue skies here in the state of Iowa Beautiful Day to be involved agriculture couple of things I want to talk to you about with the cattleman perspective. I know you got a big time webinar coming up on pricing. We're GONNA get to that in a moment, but found out just yesterday afternoon. That one of the biggest events. We have during the state fair from a a a viewer's. Perspective I, guess that people take the fair and also fundraiser is the governor's charity. Steer show and the fares not going to happen this year, but the charity steer show is right. The the show must go on Bob and that's exactly right. We're still working out some details, but our plan is to workforce. I was each business in around McDonald's house charity That twenty twenty governors charity stairs. So same day same. What would have been norma that Saturday the fair? Right now we're looking at the date that's that's still up in the air as you know the fair with a lot of things going on and trying to adapt. On the state fairgrounds with a few other activities that might happen even outside the Iowa State Fair being canceled waiting on a little bit more detail there from the state, fair were were hoping We can hit that mid August time timeframe just like we had plan but that as well as potential locations up for grabs right now, trying to figure that out, but work forward, though, but we've been engaged with the sponsors, and and those folks that typically participate to get everything lined out and end up with a great isla governors cheery, steer show and twenty twenty. Well certainly happy to hear that matinee and we'll be wanting to talk about that as you find out more information. Hey, a one thing that the Kadam Association has been working on a the many things you're working on is looking at price discovery. And understand, you have a webinar coming up tomorrow. That is going to kind of dive a little bit further into price discovery is. What what's going on that Webinar? Who should maybe signed into it? Well, we certainly encourage Gano produces classes, state, marketing, Fake Candle, or feeder cancer you to join and I think this is probably one of the biggest topics over the last decade Iowa cattlemen's association that is price discovery. We've talked before in the in the north. We we trade a lot of cash to go she it type cattle out of those farmer feeder feed yards in the south. We we see a lot more formula transactions that don't necessarily show up as clearly on this report, but ultimately when it comes to price discovery and understanding what the Value Lafayette's theories regardless of where you're feeding cattle, or regardless of if you're the live cattle, futures contract on the, it's very important and we've seen. A thinning of that it's become a very important national topic and so tomorrow June seventy seven. PM. We've transformed. Our beef meets virtually in so we've got a Webinar title price discovery and the Fed cattle market. we get carbon, so those folks that watch him from Devi auctions. We've got Brad Coyne. He's one of our very own. ICA, leaders, the Feedback Council from Rock Valley Iowa. No. He Got Jordan Levy in Jordan. is a larger figured operator business individual then also connects just like. Brag Kohima would on national live cattle market. Group so panel discussion hoping folks tune in, and we're hoping to get a lot of questions, because as we talk about price discoveries, we talked about transparency or in the market or even leverage. We've got all come together and we've got all informed the same white person button to some extent from a consensus standpoint when we're, we offer aid rising things like livestock mandatory reporting. So? How can we get involved with this, Matt? Where do we go to to Hook into it? So I got a couple of different options. go to our facebook page. I will cattlemen's association search through the event. It's GONNA be there go to our web page I- CATTLEMAN DOT ORG and look at events and the links there but there will be links, and that would be the live teleconference. When you go into that you're gonNA. Put Your name on. in then that that list is going to be populated but it's it's GonNa. Be viewer only and work from there. were also live feeding it to facebook so certainly those two options in terms of getting connected maybe needs a little more detail college here. The Association headquarters that Five, one, five, two, nine, six, two, two, six six. Look forward to it. And I know it's a it's a huge topic. I, it really is an appreciate. Everybody appreciates the work you in the cattlemen's grouper are doing on so again. Thanks for talking to us a little bit during the big show today. Absolutely looking forward in the future as we get this the details lined out for governors charity. Steer Show, and you always involvement in that to. You Bet, you bet, sign us up where we we. We want to be there with Matt deputy with US Iowa Cattlemen's association again. An important Webinar here, gang. Price discovery yet is a huge issue, and there are lots of folks out in the countryside with differing opinions on this and everybody wants to find out what's going on, and and hopefully everybody's going to get at least somewhere near to being on the same page. Hopefully going forward, so is one of those steps y'all WanNa sign into with your Iowa cattlemen's association again it is a big deal, and they have put a a lot of work into it and have some excellent panels. They're talking about price discovery, and I'll tell you. We have been talking about this for many years so hopefully we're moving this. Ball on on the court here. Well, I'll tell you what's coming up. We're GONNA talk about the pricing this year's corn and bean crops. That's ahead buddy. Steve Johnson is going to be joining us with the Iowa State University he has a weapon coming as well that'll help you. start figuring out pricing and marketing of this year's crop markets ahead. On the big show. While thirty-five. All the big show fly to the big show with you today Andy. Is that a Field Day One? Day To be out in the field little on the warm side. That's why the big. Tent is opt open and that tent is big. Lots of shade inside a little bit of a brisk wind out of the south. We are talking right now. With our good Buddy Steve, Johnson Iowa State University and Steve You have a webinar coming up this evening. It's crop marketing strategies, and it's something we talk a lot about, and you are looking at different scenarios to start marketing this corn and bean crop. Let's talk a little bit about Maybe who should be involved in this and how we can get involved in the Webinar first off. Sure, I think any producer that has old crop, corner, beans, or especially new crop bushels that they haven't priced. They WANNA. Be On the Webinar tonight we've got three hundred already registered so I just WanNa. Encourage your listeners says. TO SEARCH FOR THE ISSUE CENTER FOR AVALON TAXATION CULT TA Lt. In preregister in advanced, but we're expecting somewhere around three hundred, fifty, two four hundred fifty farmers egg business professionals, farm managers grain merchandisers be on tonight's Webinar Crop Marketing Strategies again seven PM, and it's free. Hey Steven Sandy When we talked a little bit earlier. Three fifty to three seventy corn wise seems to be the target. You're not maybe as bullish on. Get to those numbers. I I'm concerned farmers of locked up on a number. And what if we don't get there? This looks to be the best corn crop I've ever seen in Iowa in the middle of June. We can see it from the condition reports I think we've got to get something, so we've got to get some new. Crop Bushels Price. Because I, don't have enough on farm storage and I'll have enough cash flow, but the solution is going to be I'm going to get government money, and I'm GONNA drive down my break, even prices. That's what we're going to discuss tonight. I think my break evens are going down because now I've got an extra ten or fifteen or thirty. Bush on Acre corn than I wasn't even thinking. I was going to harvest in two thousand twenty. Yeah, and so run through some of the the. Numbers. Here Steve because the break, even maybe a little bit lower than a lot of people think. Sure I state numbers, average, average yield, one ninety eight average cost That's round six hundred and. Two dollars per acre. That's both the land cost as well as online cost. If I grew one hundred, ninety eight virtual anybody break even three twenty four three dollars, and twenty four cents a Bushel but listen to this. If I produce an extra fifteen bushel acre at the same cost, my break, even surreal one. If I produce another fifteen bushel might break even drops to two eighty one. There's the key I. Think we can Bushel our way out of twenty twenty. By driving this break even down then the government. Sent US three dollars the CEEFAX payment. They just put into my account and we're going to get A. P. L. C. Payment, I'm estimating the corn peel payment for twenty twenty to be sixty five dollars an acre. That'll be in my account in October of twenty one. I think. We need to move to a revenue based marketing plan and away from just trying to pick a futures Christ. Fascinating stuff. Talking with Steve Johnson, university farm management specialist, so you're gonNA, run run through this alternate thence even the. It. Will Run through it in an hour and again I'm not saying. Drop Your Marketing Plan I'm saying if you're holding your breath for three fifty to three seventy December corn and it doesn't happen. What are you GonNa do I think we've got a large corn crop coming at us, especially in Iowa, Minnesota, Nebraska South Dakota. We are the garden spot, so it's GonNa Affect Basis. So I WANNA tie up my basis especially if I'm delivering corn at harvest, maybe deliver corn a little earlier. And hopefully pick up a little better basis opportunity. But where are we going to put the largest Iowa corn, crop history and the largest US corn crop in history? There's where I think you've already got the start thinking. I need to get some bushels price begin Al Had mentioned put a spread on Go ahead and buy three forty. put and sell three eighty call. You've got a broker. There are tools but I'm afraid. This thirty or forty cent premium in the December corn futures market could come out, and so I'm going to put the yellow light up I think you've got to be really in tune with marketing specially corn. We've got a little more time on soybeans. But it looks like to me. We've got the potential for record corn production in Iowa. And the nation. Yeah I think you're spot on with that record. Crop could be out there. St this Bob again. We're GONNA. Wrap up here again. Reminding folks of your Webinar because interesting. You're making one supposition that I really had thought I. Guess that much about because we. We all get guilty of putting in a target. And the target's usually off a futures price, and then we don't adjust that target for different things like you mentioned the fat payment M., f. p. payment you mentioned other programs, but one of the big keys is more bushels and. Then you're you're per bushel price. Does dropped out and that's different on on every farm. Yeah absolutely again. We don't know what those total costs are, but we're good record keeper. We've got a pretty good idea of our cost. Divide that total cost including land costs by what you think. The bushels are going to be, and when we start getting over two hundred I think you start to see that. Maybe the break-even aren't quite what I thought they were going down and I need cash and harvest and I. Don't have enough storage on farm. I better think about that in June. Timber! Yeah No, that that's that that is, says hey. Steve Time thanks for. Join us a little bit the. How can we get involved with this Can we get signed in? Sure. You just need to search Isu. And look for the crop, Marketing Strategies Webinar. and Go ahead and preregister just your name. And your email address then we'll send a link, but we're live tonight at seven PM, and then I'll let Andy know where that recording will be after we're done, but the fact is. Is that I think crop marketing strategies are key this, is it? This is the middle of June. This is tentatively when we start to see the market turn unconcern. We're GONNA. Take the risk premium out of this corn market. Steve Johnson with US hasty. Thanks a lot. We're GONNA move on here. We need to find out the three big things right now. We need to know with Andy being brought to you by your Iowa soybean farmer. Rebounding Industry Good News, it's been hard to come by certainly for renewable fuels. At since the COVID nineteen outbreak began back in March, but JIM MINARIK director of the Center for Commercial Agriculture Purdue University says they're trying to bounce back. Despite some significant struggles in recent months, and the numbers are showing that there's progress being made ethanol production has come back up. The most recent data we have is from the energy information. Agency down about. About, twenty four percent compared to that first week of January, so ethanol production now back to where it was early in the year, but it has come back substantially these last four or five weeks now going further into the summer, driving season should get the ethanol industry on a continued path towards profitability. He says especially. If you look at some optimism, gasoline and ethanol prices have bounced back as The driving has picked up. Preparing for a second wave of the Corona Virus American, Farm Bureau Executive Vice President. Deal more says the search for solutions to food supply chain disruptions is guaranteed amid the ongoing cove nineteen pandemic as the pressure points have become obvious. The impacts of what happens I when restaurants are shutdown that food. That goes into that system. That chain of of distribution is one that would say. There's some kind of nimble. nece in the process that recognizes okay. We need shift that distribution that the delivery over perhaps more to the grocery stores, or certainly to the folks who are in need now he says much remains before we get to the quote unquote new normal where the pressure's off to constantly learn new things, although some lessons have already been learned in terms of knowing what's necessary from a personal protective equipment, standpoint or knowing what it takes in the processing, plants are on the farm to keep people healthy. Looking good I corn, soybean and hay crop in great shape, and in fact, leading the country in some aspects, according to you nasties weekly crop conditioned report to virtually all of the corn, and the state has emerged and condition eighty three percent good to excellent. For soybeans planting is virtually complete. Emergence reached ninety three percent almost three weeks ahead of last year and nine days ahead of average, so I've been conditioned rated eighty two percent, good to excellent verse cutting, Hay Seventy nine percent complete to cross the state only southwest Iowa producers have been unable to complete at least three quarters of their first cutting of the hey. Crop pasture condition remains seventy percent good. I mean Eddie Peterson, those are the three things you need to know. Connecting the ninety eight percent of Iowans who don't firm with the two percent who do that's the Iowa Food and family project when trust in modern agriculture grows Iowa grows to find out more at AOL food and Family Dot Com. Crop Reporting Service out yesterday at crop conditions here in the state of Iowa and I have set the couple of times today. I don't think friends I have seen a time when we have seen a better looking corn and soybean crop here in the state of Iowa Steve Johnson was just talking about that as well. He has a big time seminar coming up a little bit later on today, and they're talking about that, but one of the things that Steve did references. We have a big crop out there waiting and the corn and bean field now lots of things can happen between now and then understand that, but as far as where we are right now. Is reached. Ninety three percents on soybeans, corn is virtually all out of the ground as well corn condition, eighty-three percent good to excellent. Soybean condition eighty two percent, good to excellent and again That's about as good as it gets anytime you over about seventy five percent. Good to excellent, you are doing pretty good stuff in corn and beans. Hey, real quick. Look at what's going on weather. Wise in the delta. Yes, seeing mostly dry weather this week in the Delta temperatures there near below normal cell Thursday, then we'll go above normal, Thursday Friday and Saturday. ALCL is coming up here on the big show. Today's top stories in agriculture and the analysis you trust. This is the big Joe. Twelve fifty five here on the big show, Bach Bob Quinn the big show today, cal quiet the telephone line with me, my old buddy Al, we are going to wrap the markets up here. L. Like to take a look at targets. What are you looking at chart? Wise? What do you think we're going to be seeing here? In the next couple of weeks, corn and soybeans yeah the really big crop coming Addison. A longer term any you put on December corn about three forty are gonNA. Look good, not real anxious to do anything. Soybeans not much profit to be locked ended is longer term. Could a little bit optimistic on it? I use price targets, but also use time targets, and this is a very critical week to be making some new crop sales, or by some new crop puts especially in the corn market Last year we peaked the corn market. December corn went to three. On June seventeen and a month later it was a dollar lower, and so I'm not forecasting that to happen this year, but as a seasonal traitor, you may not like the prices now, but I still think it's time to get some price protection in place. Yeah well said I think right now as it stands today, big crop coming at US storage. I don't know how much room there's going to be, and we're not the only grower in the world. So I think you're you're putting. Something in the floor is is a is a pretty good deal, ow! That's a we have about twenty percent of it. Hedge fortunately had. Over four dollars, a Bushel on the corn, get another twenty or thirty percent covered with some of the three forty puts and grow that two hundred twenty Bushel corn that you all can do in Iowa, and you're not going to necessarily make a huge profit. Be Going on vacation a wife, but at least you're going to be able to pay your bills and hold your farm business together. Talk a little bit about this Hog market What do you think about hogs right now? WHAT THE RAMP UP! Kill a lot faster than ever thought possible Bob. I'm surprised. They're this cheap on the pork I'm worst Mexico Hams as cheap as they are. wire we exporting more to China little. I think longer term. I'm very optimistic on the animal protein market of short term. We have a lot of pork and beef. We've got her slug our way through. Yeah there. There must be a Lotta of like you say back up in the market. Because you're, you're right I. Keep looking at this market and think boys. It's GonNa bust up here pretty soon and Wall Street looks strong today. Boy Talk About Roller Coaster ride. Nine hundred down when I got up. On Tuesday morning and then closed up I. Think two hundred and fifty seven point, so you better have your seatbelt on if you're going to trade in that one. You GotTa Anson internal fortitude there now. Hey, what? What's your numbers? How? Can we get a hold of and you? WanNa, talk markets. Eight, eight, eight, three, four, five, two, eight, five five. Allies joy, thanks, l., allies, joining us to the vice. Come on these. moving forward here into the marketplace. We're GONNA. Wrap the markets up in about a half hours so good. Thanks to Andy for being out in the field. They need forgiveness on time. Thank you folks for joining us rush limbaugh. Just about five minutes away here on your show radio stations.
Shark Wars: Part 2
"What if we're all supported by our sponsors via listeners. Like you on patriot on grownups. If you listen to my show. I'm sure you know about anchor. The easiest way to make a podcast get handle on their convenient creation tools. Which let you record edit right from your phone or computer. Then let anchor do the rest distributing your podcast to spotify apple. Podcasts and more you can start accepting sponsorships at any point with no minimum listenership. It's everything you need to make a podcast in one place. Try it for free. Turn your great ideas into a podcast. Download the free anchor app or go to anchor dot. Fm to get started grownups. I am so honored to be sponsored by better help. If you listen to my show you know. I believe in talking out our problems allowing ourselves to feel our big feelings. So what's getting in the way of your happiness. Your goals let better help. Assess your needs and match you with your own life. Professional therapist connect in a safe in private online environment and start communicating and under twenty four. Hours this is available for clients worldwide. And it's more affordable than offline counseling with financial aid available as well. You can message your consular anytime then. Schedule your weekly video or phone sessions. Talk to counselors specialized in stress anxiety. Sleeping family conflicts. Lgbt matters grief self esteem and so much more so many people have been using better help. That they're recruiting additional counselors in all fifty states. I want you to start living a happier life today as a listener. You'll get ten percent off your first month by visiting. Better help. Dot com slash. What if world join over one million people who have taken charge of their mental health again. That's better help. H. e. l. p. dot com slash. What if world word if a if you buy travel back inside welcome as their folks in welcome back to what if world the show where are questions and ideas inspire off the cuff stories. I missed eric host and today we're getting back in the star wars spirits or should i say shark worse spirits. We've been getting more star wars questions than usual. So i thought it was time to replay a story from almost three years ago. Part two of our shark wars saga. So we're going to start by playing evans question. Hi my name is evans. I like star wars and my question is what if you look once you had yet. I am sabres for their horns. Thank you. I love that question so much. And i'm always happy to sneak some nar walls and unicorns into a story. So let's find out what if unicorns and our walls had laser swords for their warns legally distinct from light lightsabres. And of course we'll be back next week with a brand new episode here. We go a long time ago and a galaxy. Far under the sea issue lactic empire had fallen shark. Gator had changed his ways at the end and the breath star had been reduced to a pile of rubble and coral. Now you probably expect nar walls and unicorns to come into the picture. I but instead we see a little golden ray skating. Across the bottom of the ocean its pectoral fins flapping wings and spiny tail tracing along the depths of the ocean. Looking for old salvage. From the breath star her name was men array and she found lots of old gadgets pieces of coral that she can sell as scrap. Oh today's been a very good day said mana her hall strapped to her back with a little netting. Now i've just got to go sallow this clunky junk. Just then she saw. It looked like a little round white button mushroom covered an orange spots. Only it was sort of upside down. it's big round. Cap was on the ground and it's little stem was sticking straight up. How strange this looks like a land mushroom how could have gotten all the way to the bottom of the sea while i bet this would be worth a whole way. A tiny slit of a mouth opened on the stem of the mushroom. Excuse me your name is button. Eight and bat people coming to get you where work the unit order. What is that where. Where are we okay. I'll we'll help you find the fish since but why the perfectly round cap of his button mushroom started rolling but the stem state where it was somehow. So that's how land mushrooms get around and men array swam after the little mushroom award. It was a narrow wall speeding towards them coming faster and faster wearing a cool leather jacket and button. Bates started rolling. Faster did get away from it you. That big wall stole your france jacket. Oh how to thing or to mana turned around and swam right. Toward the nar. Wall just reina men brandished her spiny tail threateningly. What do you have his friends jacket. helped his friend escaped from union order. His name is pony in and he can't swim as well as me gave me this jacket that way you'd know he sent me likely story. Your probably with the uni order. I've noticed i don't have horn l. What difference does that make you. Ne- order dookie. They liked to be the only ones with horns evers or where we're from. The bottom of the ocean button was rolling back and forth and alarm trying to point with its little stem ahead behind the narwhal and men array. Oh what now button. May you looked up to see a blessing of unicorns flying straight towards them. A blessings. Like how you'd say a pack of wolves or herd of sheep but when it's unicorns it's actually called the blessing but these unicorns didn't seem to be up to any of their horns savers skinny little cones of light. That grew right out of their foreheads. Were quite magical. They were able to conjure up a bubble of air around the unicorns head and they also had a beautiful long currently narwhal horn tied along the length of their tails and those longer horns blasted out like jets to help them swim super fast through the see. I'm not sure. I like the look. These the narwhal saw the approaching unicorns. Who any took off like a flash byu little laser dart shot from their horns sabres cutting through the water as they burned their way through the water towards men array in the nar wall. Who is every boy. I meet immediate trouble. Ooh i'm not always trouble names fanar. By the way. And the narwhal held out a finn men array smacked it out of the way just as a laser blasted by my name's men array now. Let's focus on staying alive. Ooh of course and the unicorns we need as they zoomed. Even closer shoe word. What did you just give us a little bit mushroom etc trying to help why you blasting leases at us and the unicorns zoomed by again one after the other she those just happy being they just take a busy. Were we on the to trusted. They took my horn. The little button mushroom rolled behind a big shell. As cover then men array laid beneath the sand beside it disappearing as camouflaged hidings could idea and fin are tried to hide behind the same shell as the mushroom. Do you think that shell was big enough to conceal on our wall. Hey we're they go said one unicorn at least that wells really bad. I like the one nauseous unicorn swam back towards the surface while the other two started closing in on fire. And just as they were getting close men array lashed out with spiny tail from her hiding spot and the three ties holding that narwhal horn to the unicorns tail were severed and the narwhal horn floated down to the ocean. Floor said that same unicorn blasting up with its unicorn horn to push itself backwards bottom. I straight toward the surface. Venar the horn. There was only one unicorn left and it was blasting a beam straight toward venar. The button bait flipped up the narwhal horn but the stem of its mushroom and fin are caught that horn with his nose and it immediately turned to a long a beam of blue light and do deflected unicorns beam. No it's my turn said finn. And his narwhal horn started to glow even brighter. He waved it back and forth through the water as it gathered power. We'll just following orders outta here and the last unicorn started swimming toward the surface as fast as it could. That was close now. Button beat why these unicorns after you. Where whoa whoa. A map and venar said look pointing with his blue horns sabre toward the cap of that little button mushroom white with orange spots and as as deep blue light lit up the area men array could make out an intricate map of orange on the button mushroom. I've seen this before she book. It looks like a map of the globe. On this little mushroom the white would be water. Orange would be the land and as she was looking at button. Bait the are spots seemed to shift as if the map was zooming in and one tiny little orange dot appeared right in the middle of a big ocean. This is near us is not exactly where we are. Button can make a map anywhere anytime anywhere. In what if world war or were and they were using. He'll she turned to look at the little button mushroom so they've been trying to find their efficiency. The resistance is fighting to keep the whole ocean free and has been ever since the fall of lucia lactic. Empire we've got a worn lucassie walker. The last of the fish i knights. They heard a distant rumbling growing louder and louder sounded like all of the oceans floor was being slowly crushed beneath the massive and they could practically feel this giant structure pushing its way through the ocean towards them until it appeared on the horizon. It was like the breath star only ten times as big. The top of it was nearly touching. The surface of the water loses why they made nor woes. Like me work for them. What is it. I give you. Breath zella concord and indeed a unicorn. The size of a clydesdale was walking down one side of this giants fear. He wore a white helmet. That was almost completely solid and it covered his entire head at had three white bars. That looked like little unicorn horns stretching above the is covering the face was perfectly smooth clam shell. The only home was at the top to let out one. Long red glowing unicorn horn. The massive unicorn was swimming toward them. Slowly latino why bothered dodging all of our fluffy huggy happy tackle raise. Because we didn't ask to be fluffy happy huggy tickled but me and all my unicorns. Just want everyone to be happy all the time and unlike those means sharks my breath. Zilla is big enough to hold everyone in the whole of like on big. Never ending Are you listening to yourself. That sounds creepy said venar and hundred unicorns swam the sides of the breadth zillow and they shot out of their horns. Rainbow colored beams blasting all at once focusing in the center to create one masterful swirling colorful ball of energy and kylo corn added his own red beam into the middle and that ball started to grow bigger and bigger well. You won't be able to get away from this happy ray. I made arrive. An infant are gestured with his blue horns sabre to a far off bit of the breadth. Zilla were a little dappled pony pride at the side of the giant rolling machine with what looked to be a narwhal horn. It's pony tamarin. Who martino is hardly in this story and kylo corn followed her gaze to the little dappled pony. Oh that's no nice and stopped blasting his red ray into the center ball of energy and started swimming toward the little pony The pony seemed to be having a hard time holding its breath. It started swimming back towards the surface than our and men. Ray rushed right up to kylo. Corns hooves catching up. Just as pony damas had breached above the surface to dig in one gaspar breath before kylo corn. Pooled him back under pony. Thought you were living happily inside the breath. Zillow with all of the pony was holding. Its breath again. The bag narwhal horn still held in its teeth and he shook his head. You aren't happy there. And his manner. Ray swam right by pony and the little pony spat out the narwhal horn and stuck his tongue and kylo corn a. And that sound. You could hear even underwater. Oh route and monterey snatched up the narwhal horn with or spiny tail and pointed at kylo corn at glowed green. But that's impossible your amana rain on a unicorn. Only we can use the horse down here. We call it. The doors and any fish can use it. Calico look back the glowing rainbow ball that all of his fellow unicorns were blasting into with their horns. Fire the warm snugly will with oceans got too much attitude and the colorful sphere exploded outward in every direction. Maury were to linked. Oh this actually feels kind of nice. We were war-weary so upset over venar and mandatory started floating gently back down to the bottom of the ocean with button and three unicorn swam out from the breath zealot to bring them in kylo corn waved at them. With one of his hooves. You're gonna love big part of the uni order. And as they were being pulled into the breath silla men array saw the narwhal wrapped. It's green light flickering out as it sank to the bottom of the ocean and venar saw his friend pony damron gasping for breath above the surface of the water the rainbow ray didn't seem to affect him since his whole body had been underwater and phenomena looked at ray and mana looked back at him and without knowing quite why the two of them had broken away from their unicorn. Captors were swimming toward the surface as fast as they could a terrible going and just like that the rainbow spell was broken over man. Ray and venar. Are you thinking what i'm thinking. Narwhal nodded and his horn lit up blue again and mana race swam underneath the ocean and gave a sharp look the narwhal horn beneath the waves and at shot back through the water and into where waiting tail and it lit up. World is supposed to be happy together forever. people can't be truly happy. If they don't have freedom said swimming into the russillo with their horns sabre drawn would she said said venar and he crashed through the thick shell surface of the breadth villa. Following right after minarik destroy the structure instead. They swam round and round and round the center making spinning vortex throughout the breath. Zillur at carried up and up and up all the way through the top into the surface of the ocean and a little trickle of air from above came into the water waking up all the creatures within the breadth zilla from their rainbow spell unicorns and bubbles nar walls and sharks sea anemones and button mushrooms. They all came to as if waking from a dream. No this isn't how it's supposed to be if bomb not happy. It's bad right highs inc. You just need to get your priorities straight. We where furnari rare. I've never looked at it. that way. Button bait you were a real sear hob gonna turtle for a new leaf which is brab is everybody. You could stay here if you like core. Go if you like as for me. I'm going to get away for a while to figure myself out what is putting made say. Let's just say that's one eloquent fungus. Most of the people didn't leave breath zella after all they were happier living there under their own terms and pony daman. He got a permanent air. Bubble cast on him so we could swim around with his new friends as much as he wanted as for men array. She found the narwhal whose horns she'd been using and gave it back but she kind of wanted to learn how to use the doors all by herself but in baked she asked. Can you tell me how to find lucassie walker. Were the end well evan. I hope you liked your story folks at home. I hope you're having happy holidays. If you'd like a way to give back to us this season please rate and review us on apple podcasts. It'll just take you a minute. And i'll make a difference for us forever and don't forget to check us out at patriotair dot com slash. What if world you'll get a free workbook just for going on the site and there are lots of cooler awards you can sign up for their. I'd like to thank karyn. Marshall o keefe my editor and producer. Craig martensson our theme song writer and performer. Jason o keefe our resident artists. And all you kids at home who are accepting of every peaceful and loving way of life. There is out there in all their variations until we meet again keep wandering as wall.
Meet me at the mall, its goin down
"This marketplace podcast is brought to you by vast a global cybersecurity company trusted by over four hundred million people of asked is dedicated to protecting you online so you can connect connect to the Internet confidently avast keeping people safe from cyber attacks visit them at a vast dot com and by MD Anderson Cancer Center home to one of the the nation's largest cancer clinical trial programs of its kind providing hope to patients through new approaches in detection and advanced therapies more making cancer history dot com in no particular order one trillion dollars all praise the American consumer no by the way the past five days in this economy to all that coming up on the program this afternoon from American public media. This is marketplace in Los Angeles. I'm Kai Resolve Friday today. The thirteen th of September it is always to have along everybody. It was kind of a grab bag week actually a little bit of this little bit of that economy wise six minutes of live Aradio to figure out what it all means maintains rights for the Economist Dion Ribohn is at axios everybody that was okay. you know it's Friday man. I'm talking to you guys. That's what's going on. let me start with you and and while. I understand that it can be folly to try to predict what's going to happen with this. White House and trade policy it does seem that there has started to be some easing in the trade war. There are various things being exempted nicer. Things are being said. What do you think yeah. I'm at this point. Khushi Asli optimistic that we're going to get something in the next few months as you say fully could blow up in the next you know I'm sure it'll blow up as we are right now so barring barring some angry tweets at the moment you know from what I'm hearing there. There are efforts on both sides to essentially try to bank some of the some of the areas of an agreement that there was you know there were closer to agreement in spring before the talks collapsed so I think there could be some kind of interim deal. I don't be very very skeptical but if it was a an agreement that basically persuaded the Americans that actually the that sorry that actually China was was America's best friend. I don't think there's deep deep divisions will be healed but but I think we're going to get something doing. What do you think Yeah I don't. I don't think we're getting really no. I think we what we've gotten so far this two week pushback buying more agricultural products essentially back where we were in. April almost like we're we're actually not even quite there and on the fifteenth of October if trump's in the right mood he could just actually go ahead with the tariff increases and put three hundred billion dollars or tariffs on three hundred billion dollars worth of goods so like you said it's it's a bit of a fool's errand to try to predict what's GonNa come out of this. White House and I don't think again even what's been discussed so far doesn't change the trajectory of the economy. We've already already seen the impact of these tariffs hat all right to that trajectory question Somme. I'm just GonNa read you. It's right arm your right here on my computer screen. It's from Reuters and it says I'm F official that has the Internet International Monetary Fund an official. There says trade tensions weighing on global growth but baseline forecast is far from predicting recession there has been recession talk in the air as you know for a goodly number of weeks and months now are well. Maybe making too much of of that. It's possible I think this. Some people got very very pessimistic and perhaps a bit too alarmist. Perhaps the word recession was westbound about a bit too much. I think you know there are there are various ways that let's just focus on on the trade war. There are various ways that could play play play out right you could think that we're about to crash into recession and everyone starts holding back on spending terrified ooh house more likely you you could think that it's more of a slow squeeze right the there these these weights on the economy. Perhaps it's not quite as frothy as it as it. Once was when we had the fiscal stimulus that sort of thing and so perhaps that's going to be a slightly softer landing then then people will worried about and so we shouldn't be quite so worried about instead of catastrophe. Everything's about to plunge into a recession. Okay well so that's reassuring and that's good that that there won't necessarily be catastrophe. Let me know Dion Rubio in turn your attention please to the bond market and there's something that I need your help with okay so a week and a half ago after the report came out about that American manufacturing where they said and we said we reported it was contracting right in manufacturing. Certainly parts of it aren't a recession. the yield on the ten year treasury notes the interest rate at that not as was down at one point four three or something right today it one point eight eight seven. I think that is to say not a huge gain but percentage wise. That's a huge huge jump right what is going on that bond market investors which we are always told. They know what's coming in the economy. What's going on their first off talking about one point eight eight. Yeah I gotTA check my portfolio because that's a that's a pretty serious selloff in the treasury market right. I mean look here's the thing and I think we're getting the cart before the horse a little bit but as as you did mention the bond market is the smart and it's the market to watch. If you want to know what's going on in the economy the one thing I will point out his first of all this exuberance the three month treasury the bill is still yielding more than the ten year treasury bill or ten year. Treasury note that significant would yield curve is still inverted it has been for I think two months now going on a full quarter. that's still something to keep in mind but we have seen a pretty significant push back. I think a lot of people are factoring that into good news. I would say maybe it's more about inflation we did see. CPI which is a measure of inflation that came out yesterday. It's the highest it's been since October two thousand eight. It's been consistently the core part of it a mixture and say the corporate which factors out volatile food and energy readings that's been up above two percent basically all year and that's something the. Fed has been kind and not worrying about saying that PC which is the other measure inflation the one that they watch more closely. That's been below two percent but maybe inflation is starting to pick its head or surrealist rear its head again and maybe that's what's got on investors spooked and selling off their bonds. I think that may be more than good news could be. What's the player okay a very quick. Turn now. make McCain's to the American consumer. We're going to have a little on the consumer later in the broadcast but once again we are being told this week in various indicators that the American consumers basically basically the thing that keeping the entire global economy afloat and I asked this last week and I want to ask you. How much longer can that keep going. I mean that's the ultimate ah the ultimate foolhardy. I started with a Floridian forecast. I'm GONNA keep on going for a little while. you know there were there. Were some recent revisions to the savings rate that suggested that perhaps there was a bit more go. you know the underlying that that positive doc confidence in that spending is a is a healthy market right people have money to spend because there are jobs and wages are still okay not as good as we'd like but that's still okay right. Meanwhile they market is is doing well. Then people can spend right. That's that's the short answer so so look at market okay. It's alright find out super quick on the way out one word answer from each of you. Are you economically hopeful. The Enron go always to make gains sure I at least submit canes at the Economist Axios. Oh man have good weekend you too. Thanks like on Wall Street. This Friday a split decision on the major indices not a whole lot of passion though either way up or for down. We'll have the details when we do the numbers uh-huh all right so once again and as the John and I were saying American consumers thank you thank you thank you forget the tariffs and the trade war and global weakness American consumers are in it more solid indicators gators of that this morning retail sales four tenths percent in August way more than experts had been guessing and hot on the heels of a strong July to boot and the consumer sentiment survey. The University University of Michigan puts out his bounce back from a couple of down months and yet we keep getting reports that business investment is down in confidence among business owners owners and CEOS is down as well marketplace's Mitchell. Hartman explains why those two paths diverge in an economy at this point. It appears consumers. There's and businesses are on different pages. Consumers are in the mood to spend business leaders not so much to some extent. They're living in different worlds. Brad Odd McMillan at Commonwealth financial says businesses are worried about the global economy and the risk of recession. They have to hire people. The labor market is quite tight. They have to buy supplies. That's been complicated by the trade war so they're getting hit on a bunch of different fronts. He says consumers haven't seen much impact from the tariff so far what matters most to them. Am I working. Do I have a good job getting a raise so as far as the consumer is concerned. Everything is good but in the business world growth in capital spending has fallen by half. This year says Sam stovall. Let's see FRA Research. He says many CEOS are well aware this is the longest economic expansion in history or at least since eighteen fifty seven and sooner or later it will end up slowing or ending six in ten business decision makers think recession will hit in the next eighteen months according to a new survey from Grand Thornton analyst Chris Stevenson says there's a pause right now a pause to plan or potential recession consumer attitudes aren't anywhere near as pessimistic says Richard Richard Curtain who runs the consumer sentiment survey at the University of Michigan. They're not at a record peaks anymore but they're still very positive curtain says with the job market strong and wages rising consumers whose spending makes up two thirds of GDP are brushing off warning signs of coming Recession Ashen. I'm Mitchell Hartman for marketplace. Here's another entry on the list of how much longer can mall based retail hang on anyway stories. There are reports today that forever twenty one is going to close more than one hundred stores as part of a bankruptcy filing the aforementioned troubles that have befallen malls is partly to blame of course declining foot traffic but therein lies is the catch twenty two because when he wants reliable mall staple like forever twenty one closes there is even less traffic and meanwhile the classic anchors like JC Penney Sears and macy's or closing as well so what are shopping malls doing to get people in the door these days marketplace's. Amy Scott has that one traditional mall like the one in this commercial from the seventies often featured four anchor department stores that brought traffic to the rest of them. All the head company were the garden and the department stores either gone or barely hanging on mall operators have had to get creative Stephanie Sagansky with the International Council Council of Shopping Centers says sometimes that means dividing up the huge spaces left behind. There's a a mall in Short Hills New Jersey that did that it was a former saks fifth avenue avenue now has crate and barrel on the top floor and Indigo Bookstore on the bottom in other malls movie theaters restaurants even a go kart track have become. I'm the anchors and some are turning to non retail tenants. Tamas shore publishes the Directory of Major Malls anywhere from library space to two schools municipal offices senior centers Steve Johnson with the design and planning firm Gresham Smith helped the Vanderbilt University the city Medical Center move into a struggling mall in Nashville Tennessee and yes it has been very successful ten years later it is fully occupied and it is a very well used clinic now for the community and he says the remaining retailers are doing pretty well to consultant Jeff Jeff Green helps dying malls recruit new businesses like residential developments and hotels so though their life cycle as a mall may be challenged. The real estate that they're on is very valuable. It doesn't work for every mall though and with hundreds of retail stores closing he expects more malls will too. I'm Amy Scott for marketplace and the segment of the program is brought brought to you by the letter t which stands for trillions which is an amount in dollars that you have to use to describe the federal budget deficit the the Treasury Department said this week that for the first eleven months of this fiscal year that is from one October two thousand eighteen to thirty September two thousand nineteen the the government spent a trillion dollars more than it took in the last time the country saw this much annual red ink was two thousand twelve when the financial crisis and great recession were much bigger in the rear view mirror a time win. John has deficits made some sense now not quite as much sense as marketplace's Scott Tong reports from Washington. If if you look at chart of the federal budget deficit over the past decade it starts up over a trillion dollars in two thousand nine. It's way down in two thousand fifteen and comes back up shaped. Ah You as in uh-huh because most economists say that in an expanding economy like the one we have now the deficit is going the wrong way. Harvard budget scholar Collar Linda billeness what we should be doing at a time when the economy is doing reasonably well is to be paying down on our debts and reducing the deficit people in companies making good money should be paying lots and taxes but they're not she says because of the trump tax cuts two years ago. Oh and when twenty twelve a trillion dollar deficit made more sense argues Zach Molar at the third way think tank we clung out of the great recession and government spending naturally actually rose you have more people that are able to go onto food. Assistance and other anti-poverty programs plus a massive stimulus package pige and then on the tax side. If people make less money they pay less in taxes. That would likely happen again whenever the next recession hits hiking the deficit further north author trillion. Can it go up. Forever depends a lot of economics. His psychology economist Joe Minarik at the Conference Board's Committee on Economic Development says hitting a trillion dollars is an important milestone that will test Wall Street's reaction. If the financial markets begin to think there's a risk to the federal government being able to manage its debt bun and stock markets can be adversely affected as in higher borrowing rates slumping stocks and an economic slowdown. I'm Scott Tong for marketplace mm-hmm coming up the cottage was a mess hadn't been lived in for years. You know what else it was though it was the key to an early early retirement that's what I though let's do the numbers. Dow Industrial is up thirty seven points this Friday one tenth of one percent twenty seven thousand to nineteen the Nasdaq back down seventeen points about ten percent eighty one seventy six S. and P. Five hundred lost two points flat percentage wise three thousand and seven on that index for I five days gone by the week. That was take your pick however you want to describe it. The Dow up one half percent the Nasdaq up nine tenths of one percent the S. and P. Five hundred also climbed nine nine tenths of one percent. PGA The power company based in San Francisco reached an eleven billion dollar agreement to settle claims from California's wildfires in two thousand seventeen and eighteen the company's stock doc bank ten percent bond prices fell yield on the tenure T. notes the GonNa WanNa check his portfolio again. It was actually one point nine zero percent on the yield on the tenure. You're listening to marketplace moves so fast these days you might have some headline whiplash and maybe you need a place nice to catch your breath or just tune into something that is not on your radar and that is what makes me smart is all about. We are breaking down big and sometimes small topics integrate conversations. I don't think you're going to have a quantum computer sitting on your desktop anytime soon. It's weird that people don't hear more about history or socialism. They think communist Cold War. They think whatever smart find us wherever you get podcast this marketplace podcast is brought to you by Kronos Kronos knows that hiring and retaining retaining modern workforce of salaried hourly full and part-time workers can be challenging especially in today's competitive job market. That's why Cronos puts. HR payroll talent and an time in one place so HR professionals supporting blended workforce have all the tools they need to engage and motivate their people every step of the way learn more at Kronos dot COM com slash HR swagger kronos workforce innovation that works and by Lenovo. There's two ways to work simply getting the job done or getting the job done right. Lenovo believes in taking pride in one's work. That's why they're line of workstations goes above and beyond and providing computing power and innovation designed with next Gen engineering during architecture construction and media tasks mind. Leonova workstations are able to handle any job. Take the THINKPAD P. Three for example. This brand new mobile workhorse is is top of the line when it comes to air. VR capabilities and the fact that it's a laptop means that you're able to conquer any task anywhere for those who are looking for a more stationary solution. Lucien look no further than the station P. Three thirty tiny this space conscious tower may be small but it packs a giant computing punch for more information on the thinkpad p fifty fifty three and things station P. Three thirty tiny or to learn more about Lenovo workstation visit Solutions Dot Lenovo. Dot Com slash workstations powered by Intel core or I nine processors. This is marketplace. I'M KAI Ryssdal California Assembly bill five baby five is the shorthand isn't even the law out here yet. It's the bill. The legislature passed earlier this week that would oblige rideshare companies like lift an uber declassified drivers employees. He's not independent contractors. We told you about a couple of days ago anyway. It's not even the law yet but lawsuits have already been filed in the meantime though drivers are still trying to make a living in the GIG economy lift changed. Its rules not too long ago to get more money to drivers in congested areas but not everybody loves that from K. Q. E. D. Sonia Hudson has more for around four years ago. Lifts started paying drivers a bonus to go to areas where there was a lot of demand for rides but not enough cars like North Oakland during rush shower and under that system drivers would get a fair multiplier say one point four times what they would normally earn on that ride you would for those hours. Ours is difficult as they were that you would make a decent hourly rate for those. That's Lawrence wigger. She's been driving part time for left for the past five years. We're sitting in her car. In Oakland where she lives in likes to drive swagger says under the old system she could make around two hundred dollars a week driving two hours during rush shower every day or about twenty dollars an hour then lift came up with a new payment system for areas where there's high demand for drivers and called it personal power power zones now. I think I would be lucky to make one hundred dollars swagger as part of a group called GIG workers rising which says it works with more than nine hundred drivers in California -fornia in as opposed to the switch. We actually jokingly call them. Personal poverties zones the new system uses flat rate bonuses say a four dollar are bonus regardless of the length of the ride under the old system swagger could sometimes make twelve dollars bonus on a thirty dollar ride and now sometimes it. Max Out out at four dollars so four dollars instead of twelve dollars is obviously ridiculous. Incentive Uber uses a combination of flat. Ah Bonuses like personal power zones and percentages like the old lift system lift wouldn't make anybody available for an on the record interview but the company maintains while bonuses are smaller more drivers are getting them lift says that personal power zones were designed to be more predictable stable equitable and stable for writers to when when it comes to pricing lift points out the change hasn't driven up fares and that's true for writer jared. Lee do a music composer who uses both lifting Uber and Oakland during rush hour. I haven't noticed a big difference in fact La- do only learned about the change in lifts driver bonuses when I mentioned it to him. He says he's concerned about drivers is but that the new information is probably not going to deter him from using uber or left. I would use it more to get from back to my house so I probably would still use one of them because I don't want to do. The work. Lift says on average driver earnings across the country have increased over the last two years but it doesn't release rot brought earnings data. Tom White is an analyst who follows lift for the Financial Services Company. Da Davidson. He says that the change generally resulted in drivers seeing their payouts reduced. How does he figure that. Lift takes a percentage of all fares and white says that the company's been taking about eight percent more or from those fares over the last two years you know the main contributor to that increase is that drivers are earning less than than they used to lift argues the addition of bike computer services accounts for the increase it takes one hundred percent of the fees on those since there's no driver to pay but white says bikes and scooters are only a small share of of lifts overall business not enough to account for that eight percent increase white says the reality is lifted trying to make a profit lift loss more than nine hundred million dollars last year. You know investors won't be patient forever. The company went public. This year and white says lift is keen to demonstrate to shareholders. It does have a plan to become profitable double eventually. The question for drivers is whether working for lift is still profitable enough for them. I'm Sonia Hudson for marketplace it. We started a new series a couple of weeks ago that we're calling adventures in housing because really really that's what finding an affordable place to live is turned into according to Pew Research More of US are finding those affordable places to live on the rental market not buying which means opportunity -tunities for people willing and able to become landlords so this next installment of adventure in housing comes to us from Davis California. My name is Beverley Wilcox and and I am semi-retired. I still do some teaching but I'm also a small-time landlord. I became a landlord out of economic necessity. I in one thousand nine Hundred D. I had just gotten divorced. I was worried about my ability to when we afford a house by myself and so I bought a bungalow on eighteen thirties bungalow that had a backyard cottage and and the cottage was a massive hadn't been lived in for years but I put in a kitchen cleaned it up painted. It did the floor and I've been limiting ourselves. We're in an affordable housing crisis and I try in Tabei in managed properties that will be affordable ball currently living in a condo sort of upscale L. place where nothing needs fixing and I'm starting to Hanker for another project so I've bought a modular house in a seniors only mobile home park so I can continue my newest resolving stuff with upgrading cabinets and floors and stuff flight that real estate's gotten completely unaffordable hearing Davis so it may be that mobile homes are going to be where I take my affordable housing business next rental income gave me a life. I could never dreamed of when I read it out that that at first cottage it was simply because I was afraid I couldn't afford a mortgage but as the years have gone by in rents have have gone up and my house is increased in value. It's become something that I can. I can depend on especially now that I have several properties opportunities if one goes vacant I will have rental from the other two so what that meant was at age fifty four. I was able to retire from my career job and I use that opportunity to go to Grad School. I have a PhD now and now I'm in a second career that I I really love so it is a totally different life to me to have rental income Beverly Wilcox in Davis California -FORNIA help us out. What did you send us. Your stories of your adventures in housing can do that at marketplace dot org this final note on the way today movie passes going out of business in other news. Who's movie pass was still in business. We've told you many times about the movie subscription services problems original deal. Was You pay monthly fee. You can see as many movies movies as you want even though the company had to be theater chains every time you walked in the door most of the time so raise your hand if you saw the business model problem with that anyway after many reports reports of his demise movie pass is officially done as of tomorrow so if you're a subscriber. I guess you know what you're doing tonight right all right. We're going down dust up thirty seven points today about a ten percent. Nasdaq fell seventeen points two-tenths percent S. and P. Five hundred basically flat on the day our theme music was composed by B. J. Liederman marketplace's executive producers Nancy Golly Deborah Clark is the Senior Vice President and general manager under Rozelle have yourselves a great weekend everybody we will see again on Monday around. This is a P._M.
The view of this election from China
"This marketplace podcast to supported by eighty wine works a corporation dedicated to combining commerce with conscience offering ridiculously food friendly Pinot Noir Pinot agree and Chardonnay eighty wine works the essence of Oregon. And BHAI ALARM DOT COM. Keeping millions of homes and businesses safer and smarter. Every day. ALARM DOT COM is redefining home business security with smart features like voice control customized smart alerts alarm dot com unites your security locks, doorbell camera lights, video cameras, and Thermostat into one smart system with one single APP to control it all learn how to protect your most important investment at alarm dot com. Now that there's no relief bill common cause. There's not what happens in this economy. From American public media. This is marketplace eggs. in-laws aid US I'm Kai Ryssdal it is Tuesday today the twenty seventh of October good as always to have you along everybody we are at a week now, as you surely know until the end of voting on next. Tuesday the Senate has gone home. The House has gone home, which means as has been clear for some time. Now that the prospects of relief package are now officially zero President Trump said today on the stump that there will be one a package that is after the election. Td On that, depending on how things turn out. But with the virus set to have its way. Once again with this economy, as case numbers rise, there is real damage being done are chosen example of which today is retail more virus means less shopping and eating out. In stores and restaurants can't pay their rent, which means landlords can't pay their mortgages, which means eventually they default case in point the mall owner Pennsylvania. Investment Trust, which is disclosed. It's gotten a loan default notice from one of its lenders. The company says it is working out a deal, but it also says bankruptcy is an option marketplace's Merrill Sarah explains what happens next When it gets to the point where a mall owner can't make its loan payments or has to contemplate bankruptcy the domino's just keep falling from there. David our back is an institutional trader with World Equity Group. Everybody loses out the banks that lent it money. Also the company's investors and the other businesses and people it owes money to for a mall owner that'd be utilities water gas electricity internal employees for PENRICO maintenance guys at the various mall properties. They could all take a hit in bankruptcy filing and that's not even the only chain of dominoes that's been set off here. Malls are one. Of the biggest sources of tax revenue for a lot of towns. So in sales dry up, potentially the community is impacted because now a mall is in generating nearly as much sales tax revenue as it used to produce. That's Dan Sheridan at the Hoffman Strategy Group. When a town gets less tax revenue, it might not be able to hire as many people or clean. The streets is often Joe Minarik the Conference Board says a stimulus package could help. We expect that some form of stimulus support can keep some of these dominoes from falling. For instance, if the federal government allocates more funds for small business loans that could prop up stores and restaurants helping them pay rent until the pandemic has over a stimulus plan would also give consumers more money to spend but that might not actually help malls. A lot of people are staying home because they don't feel safe if you give them cash, that is not necessarily gonNA, send them out to the mall. Again, another reminder the virus is in control of the economy. Mariel Zegarra for Marketplace Amazon announced today it's looking to hire another one hundred thousand people to work this holiday season. If you have lost track me to that top of the two, hundred, thousand other Workers Amazon plan to on earlier this year to help with all the online shopping that we are all doing. The pandemic has changed. The way we shop. We've done that story. It has changed what we shop four done that story too. And it's changing the way businesses are hiring or in some cases not hiring fellow holidays this year from the workplace culture marketplace's Megan McCarthy Carino has that story. Luke Walker is a seasoned seasonal retail worker. He's been on the floor at a St Louis Dick's sporting goods helping to her deal crazed customers on black Friday's past people were a little testy on the you know make sure they get the the good deals but this year he's avoiding the crowds night job in a big box store. Basically I'm an order picker still go. Around the store items that they've ordered an package them going from the sales floor to the stock room that's emblematic of changes in the pandemic holiday. Economy says, Daniel how an economist with jobsite glass door Christmas isn't canceled, but the holiday season is going to look very different for retailers and workers. Alike, he found hiring for seasonal retail jobs is down eight percent overall but analysts. And economists with job site indeed says hiring in some parts of retail is stronger than ever one that is doing particularly well as loading in stocking and that can mean where housing jobs that can also mean active store stocking shelves in stores. Those jobs tripled compared to past years, and there are now more warehouse jobs in the US than before the pandemic that's push up wages despite high unemployment says Andy Challenger of staffing firm Challenger Gray and Christmas. There's a lot of people that have left the labor market for fear of catching the covid nineteen virus many parents have also dropped out. To care for kids at home, those factors are also driving a spike in seasonal work from home jobs says, Sarah Sutton with flex jobs. We're seeing a lot of activity on customer service of course, because of the increase in online ordering the gap Williams Sonoma have made a big push for remote roles they'll still have to handle deal crazed customers but not the endless loop of in-store holiday music I Megan McCarthy Carino for marketplace wall. Street is Tuesday a little bit up a little bit down a breather of sorts I guess after yesterday, we'll have the details when we do the numbers. jetblue reported quarterly earnings today such as they are revenue down seventy, six percent from this time last year, which was actually better than people had been guessing. which is kind of saying something about the state of commercial aviation right now coming back maybe but coming back real real slowly. As marketplace's Smithfield's reports, one way that airlines are trying to get more people in their seats is by changing where they fly back in the day before March Airlines would plan their routes using. Of. Art. And a lot of science says, travel industry analysts Henry Heartfelt. Historical data about how many people fly every day between any two points but right now that data is not so useful because demand is so uncertain people are booking much closer to departure and business and international travel are way down what's left is people booking trips within the US, mostly for fun. So the airlines are trying to adapt by cutting some roots and adding others. Most of those are studying bitchiness nations are skiing mountain cities on Kit Gupta is vice president of domestic planning and scheduling for united. It recently added a bunch of nonstop flights to Florida from Milwaukee, Indianapolis and other colder cities. Gupta's says those new routes are doing pretty well previously, we had them ending January, but now you've extended them to the arrest of the winter united and other airlines have also cut routes to some smaller cities at least temporarily American suspended flights that a handful of airports where it was the only carrier including del Rio in West. Texas. Bruno Lozano is the mayor there. Are Lifeline to the rest of the world and to their families at medical groups and military families are going to have to drive out to San. Antonio Lozano says lights were supposed to start back up in November but now they're suspended for at least another month and he's worried about what could happen to the region's economy if they never come back. I'm Samantha Fields for marketplace. World. Americans have to pay attention to the presidential campaign. I mean selectively sure because it's a fire hose, but you know well informed citizenry and all that. People overseas don't have to clue into American politics, but this is a global economy. So a lot of them do especially in China where President Trump's trade war still in effect by the way has put import taxes on hundreds of billions of dollars. Worth of Chinese products are China correspondent Jennifer pack has been checking in with some. Chinese. To see whether they are rooting for one side or the other. Day. Dozens of women at laundry factory in eastern Jiangsu Province. So The, midnight charm lingerie factory makes lay stresses, catsuits and playboy. Bunny outfits by the thousands and half of them go to America if President Donald. Trump. Had An increased tariffs on those products owner late on race says a lot more have gone to the US? Wouldn't you Don Hutchison? The tariffs are American clients cut on orders. They have to pay an extra twenty to twenty five percent in duties for our lingerie and he doesn't think this will change anytime soon he predicts president trump will win based on a completely unscientific measure known as the Wu. Index. If you look at manufacturers and you city they make a lot of campaign merchandise, the US election like t shirts and flags you can predict who will win based on how much merchandise to make him. It seems trump sides still has the biggest orders still tone ray wouldn't mind if he's wrong he says another trump term or abidin presidency would make no difference to his business. Leeann zone with EMC machinery agrees come and. Would it does trump and biden have campaigned on competition with China? Live, bus rising to see with tougher on China in Concord. His company makes machine parts that are subject to a twenty five percent US tariff. The trump administration says, that's in retaliation for China's unfair trade tactics. The end zone doesn't buy that argument mango complex issue. There's no unfairness our. China's work hard. So Americans can get cheap and good. The real problem is Americans want to work less earn more. We reached out to two dozen exporters who we spoken to over the past couple of years most either didn't respond or said, they didn't want to talk to us part of it is fear of retaliation from the Chinese government. So our sample of what Chinese exports are thinking is tiny, but here's what we do know it's very difficult for them to find a substitute for the US market. The midnight charm lingerie factory had been trying to shift sales to other countries, but then the pandemic hit again factory owner Leitch Ray. Bill. That's all we're no longer selling to Africa sales to the Middle East dropped by half seldom shops in Europe and consumption there hasn't recovered. So right now are only export market is the US to ECOMMERCE vendors. Some Chinese manufacturers say they like dealing with the US? No one buys more than Americans and they pay on time. Chinese. Businesses are willing to do a lot to keep selling to the US. No. American. Government doesn't decrease tariffs on our products. We might consider moving our factories outside of China. That's Claudia Joe Sales Manager for metal and plastic parts manufacturer her message to whoever wins November's election don't demonize. China? Does most Chinese. People are kind we don't want to take over the world. Trying to contain China's rise she says will only make the Chinese develop faster. In, Shell. Hi, I'm Jennifer path for marketplace. Three words for your listening pleasure tomorrow morning marketplace morning report jade out. Coming up the key function of the Federal Reserve is to take away the punch bowl just as the party is getting good catches. Of course, you've got to have an economic party I but hey, let's do the numbers. Industrials Down Two hundred twenty, two points today eight tenths percent finished at twenty, seven, thousand, four, sixty, three the Nasdaq up seventy two points about six tenths percent eleven thousand, four, three, one this and P Five, hundred down ten points three tenths percent, thirty-three and. Mary. I was telling us about the commercial real estate domino's and how they are a fallen the Pennsylvania Real Estate Investment Trust that we were talking about lost five point four percent today their bank wells Fargo slipped three point eight percent Megan mcardle Corinna retail jobs you're shaking up for the holidays. So some staffing agencies about that Kelly services gave up two point, two percent today the accounting and finance staffing firm Robert Half international down one point one percent you're listening to marketplace. This marketplace podcast is supported by first. Republic. Bank experienced personalized banking from the comfort of your home with the newly redesigned first republic mobile APP. You can schedule upcoming payments, manage your debit card and talk to your banker anytime anywhere. The first republic APP is available now on the APP store and Google Play Visit First Republic Dot, com slash digital to learn more. That's first republic dot com slash digital member. FDIC equal housing lender this marketplace podcast supported by we work as a business you know today takes new ways of working. It takes new measures toward health and safety flexible terms for where when and how you work spaces designed with your purpose. In mind it takes the innovation of a we work office to take your business where you want it to be visit we dot com slash future to learn more. This is marketplace. I'm Kai Rozelle here is a yet. Things aren't all that greed in this economy right now item. According to the Census Bureau one in three adults in this country millions and millions of people say it's somewhat or very likely could face eviction or foreclosure over the next couple months. Yes. The Centers for Disease Control did ordering temporary stop to residential evictions through the end of the year but. Not. All landlords are complying. So from our podcast, this is uncomfortable. Marketplace's Reema Grace has this story of a woman trying to stay right where she is. Last month on a Tuesday morning Marilyn Hoffman allowed knock at her door. So that scares you and you the house by yourself saw peaked out. It was a sheriff with papers in hand and he was like you have been served and I looked at him laying Maryland rents a home in Sanford North Carolina, and for months she hasn't been able to make rent, and now her landlord is trying to victor I was stressed out I'm stressed out since this stuff started at the end. I'm a lose everything. Because of the pandemic in March she lost her job as a health aide. She applied for a pandemic unemployment assistance, but she didn't get it and she isn't sure why So you did you get any assistance from the government nothing I got the stimulus check. That's it. Nothing else nothing else I got nothing else But. Technically, Maryland should be safe from getting addicted. That's because. The CDC came out with an order saying certain renters could not be evicted before the end of the year. The idea is to help prevent people from becoming homeless and spreading the virus. Maryland qualified under that order and figured the judge would be on her side. I'm feeling a little ease. The me hope on the day for court appearance she remembers sitting in the back of the courtroom waiting for her turn to see the church every person that was seven families that went to court that Thursday was evicted. Moore was the judge saying he was like you've got these. You've got this money you ain't got money you go judgment you ain't got this money. This judgment Maryland could feel her stomach turn but unlike everyone else she'd printed documents from the CDC website about the order none of them had. So you're like, oh I got I got something on my side. But just like everyone before her, the judge said that Maryland would be addicted and she needs to pay more than three thousand dollars in back rent. As for the CDC order to stop addictions, he looked at me and he said this does not pertain to you. That judge he misinterpreted the order, she did meet the criteria. She earns less than ninety, nine, thousand dollars. She's made her best efforts to get financial help and she's at risk of being homeless according to the order that means she should be safe. I should be I should be. But nobody. Nobody's following the CDC said. It's been messy. The CDC order is getting interpreted differently your luck Kinda depends on who your landlord is or which judge you end up in front of and a lot of renters don't even know the temporary ban on fictions exists on top of that there have been a slew of lawsuits from landlords trying to get the CDC order overturned it feel like a roller coaster. And my livelihood in jeopardy behind his. My health. My health is a state. Because I can't eat can't sleep is a lot. Maryland for an appeal and she has a new court date in November. So in the meantime, she can stay in her home. She also just landed a new job working at a homeless shelter. Still, she isn't sure if she'll be able to afford all the background and even if she does she kept saying to me. What happens to other people that was evicted the same day that I was in court and not one person got health. Because the CDC order, it doesn't come with any money for renters or for landlords. So each month that goes by many renters are falling more into debt. According to a report by the National Council of State housing agencies by the end of the year renters across the country willow, as much as four billion dollars in back rent. I. Reema. Freeze for marketplace. If, you want to hear more of Maryland story including how she was able to file an appeal subscribe to this is uncomfortable. You can find it, and by the way the podcast this show on your favorite podcast APP. So you know what's coming up next week, right? Yes. Sure the election but that's November third November fourth and fifth next Wednesday and Thursday the Fed meets no. They are not going to do anything with interest rates, but it's always news when the actual people running this economy get together the vet has also been in the news as you know more than usual in the trump administration for the squeeze the President has put on chair Jay Powell and his colleagues to juice this economy squeeze we should say that chair pal has said on this program and elsewhere that does not factor at all into their discussions but squeeze he has president trump not the norm the past couple of decades for presidents to act that way but. Back in the day there was Lyndon Baines Johnson marketplace's Nancy Marshall Genzer covers the Fed for us. President Lyndon Johnson and the Fed Chair during his administration William, McChesney Martin couldn't have been more different. Johnson was a larger than life. Texan, known for backslapping and arm twisting to get his way. Martin was an intellectual bespectacled banker initially though they got along realize just wanted to thank you for you most thoughtful and generous letter presents. Johnson speaking Demartin on the phone Martin had. Sent, a supportive letter after John F.. Kennedy was shot in Johnson became President Johnson is trying his best to be charming but you sound starting with someone I don't know much about your shopping and you start to tell me what out annulment Johnson's charm offensive continues even after the Fed raises rates in nineteen sixty four just weeks after Johnson wins the presidential election high bill. In another phone call Martin explains why the rate hike was necessary and reassures the President about the money supply Johnson seems satisfied at one bill I hope you'll watch that and do everything. You can that way I'd hate for this to turn away on us but Johnson didn't want any more interest rate hikes George Washington University political science professor Sara Bender says the president didn't want. To own up to the cost of the Vietnam War and the war on poverty low interest rates kept the cost of government borrowing down. The worst would be high rates. Making plane to everyone the cost of what the government was doing both domestically and abroad but Martin is worried the economy will overheat then crash, he wants to cool things down slowing spending by raising rates again. It harder for businesses and consumers to borrow money to spend in one, thousand, nine, hundred, eighty, five, Martin goes public saying there are disquieting similarities between the economy of the nineteen sixties and the roaring twenties leading up to the Great Depression later that year. Martin. Cast the deciding vote in the Fed decision to raise interest rates. Again, Johnson is livid. He wants to fire Martin at one point telling his Treasury Secretary Henry Fowler to find a replacement and Y'all got thank on why are we can get a real articulate able tough guy that can take this Federal Reserve Place. Johnson is told the Fed chair can't be fired just because he disagrees with the president. So instead Johnson Calls Martin down to his Texas ranch. Johnson drives his Lincoln continental convertible to the airport and gives Martin lift to the ranch but the charm offensive ends when they get there and Johnson lets loose on Martin. My boys are dying in Vietnam and you won't print. The money I need the lashing wasn't recorded. So I got George Washington University Professors Sarah Bender to Paraphrase University of California Irvine, economics professor and Fed historian Gary Richardson says the almost six foot four Johnson even shove the much shorter Martin up against the wall these grown men going at it a Johnson shouting bullying pushing kind physically man handling the chairman of the Federal Reserve. Says Martin is shaken but stands its ground. Later, he suspects that Johnson isn't being honest about the true cost of the Vietnam War brigid Callahan Harrison professor of political science and Law at Montclair State University says, Martin worries again that the economy will overheat with all the spending by the government and consumers with money borrowed it. Interest rates that are still pretty low. He says this great line, the key function. Of the Federal Reserve is to take away the punch bowl just as the party is getting good but maybe not wanting to be Johnson's punching bag again holds his fire on interest rate increases per couple of years. Then in March of nineteen, Sixty, eight, Johnson announces he's not running for reelection in the two months after that the Fed raises interest rates by almost one percent I'm Nancy Marshall, Genzer for marketplace. This final note on the way out today a sneak peek at what will politics kind of aside, probably be semi big story tomorrow the CEOS of facebook twitter and Google or do on Capitol Hill virtually of course to talk about, and this is a quote from the Senate Judiciary? Committee in front of which they will be testifying how best to preserve the internet as a form for open discourse hearing comes as Republican members of that committee claim that evidence the tech companies have an anti-conservative is. All right we gotta go, but here's your Moan of economic context on this Tuesday a glimpse at what the fiscal. Might look like after next Tuesday fiscal policy of course, being taxing and spending by Congress. In the White House Texas Republican Senator Ted Cruz did an interview with Axios the other day and he was asked Senator Cruz was do you think your colleagues in the Republican? Party will rediscover its concern over debt and deficits said Senator Cruz. Sure. Our digital and on demand team includes Kerry. Barber Smithfield's Ben Head coach Sarah Menendez lies mills, and Janet Windstar have is our executive director of on-demand. I'm Kai Ryssdal, we will see tomorrow. This is. APN. Hey. All I'm Eddie phase of the marketplace podcast. This is uncomfortable. Halloween is coming up and what better way to celebrate than with stories about financial decisions that still haunt you. Like. Say that time your mom caught you over drafting your bank account on adult websites and I suddenly realized that one of these things Mr Skin dot com, and thirty dollars a month and. New episode of this is uncomfortable drops. Thursday. You can listen wherever you get your podcasts.
Episode 165: The 1776 Opportunity A 2026 Year-Long Celebration
"How it putting some real silver in your loved ones stockings. That's right now. Through december twenty first for every five thousand dollars you spend berko group on physical gold or silver or investing in your precious metals. Ira roach called will send you bonus sober. It's the countdown tuna today a great time to solidify your savings through diversification. Here's what you need to do. Tech newt four seven four seven four seven and when you speak to your Cold representative let them know. You want the free silver with your purchase even if you are investing in a precious metals. Ira you'll still get the physical sober delivered to your door tech. Newt four seven four seven four seven in a free info kid on diversifying into go berko. They have an a plus rating with the better business bureau and countless five-star reviews. Tex knuth two four seven four seven four seven and open a precious metals. Ira and get your free sober. Before december twenty first support for. This podcast comes from williams. Some people deliver packages others delivered dinner. At williams we deliver natural gas that is safe clean and affordable and have for over one hundred years. That's how we clean. Energy future williams. We make clean energy happen. Learn more at williams dot com. That's w. i l. l. i. a. m. s. dot com. Hi this is new. Do the virus recording from home. So you may notice a difference in audio quality on this episode of neutral talk about seventeen seventy six opportunity and the idea that two thousand and twenty six on the two hundred fiftieth anniversary. Julio spend a year celebrated the extraordinary breakthroughs that made america and exceptional country and that is still at the heart of our freedom or sense of liberty in our identity. Is americans matter where we come. You can come from anywhere on the planet and become an american to remarkable system and in many ways. It's worth really studying what happened. How did our ancestors somehow put together this amazing continuously evolving but continuously free system. So i want to start. I talk about the history of the declaration pencil. Why it's so important. And why. I think that it's well worth while. Think of spending an entire year driving at home so breeding in exploring two thousand twenty. Six gradually release. Colonists found themselves going through a conversation really began probably the seventy sixes may have been very loyal and they had frankly even in the shadow of great britain because as long as the french canada who had a great power right next to them which in alliance with various native american tribes was a mortal threat up until the seven years war which we call in french and indian war. They really were very very supportive of britain because they needed the british navy and they needed the british army and they needed support the war all of a sudden seventeen sixty three. The french are gone. They've lost the war the given up candidate and now the americans don't have a major threat to force them into the arms of great britain and so now finding themselves relatively safe and not needing defender. They began to pay more attention to how the british government and they begin to the side. You know. i'm not sure. I'm very happy with this. Wondering has all the power. I have a voice in my local colony. Where i vote in. I elect somebody for example. Virginia they'll let the people go to the house of burgess but all the real powers in london. And i don't have much to do much about it. And so you see in the seventeenth sixties and released haven't seventies a gradual psychological migration. My which at least a third of the american columnist decided. We really need to break our ties with england because they're not listening to us. You're exploiting us. They're trying to raise our taxes. And so forth by may fifteenth of seventeen seventy six. This all developed enough and every time we should react with force. The americans would once since seventeen seventy five. You had the british sunday out armed forces to lexington and concord in massachusetts to try to seize the armory of the guns amunition that was a disaster because there was a trained and independent militia and they actually defeated the british force. Them back into boston then fought the battle of bunker hill and by that point all of the other comedies began to decide. Hey there's gonna be a fight between massachusetts and london. I'm on the side of massachusetts and so that express it so in a continental congress. Which met i in seventeen. Seventy five bringing the other people from all thirteen colonies and really being to talk about. So what are we going to do. Well by may fifteenth of seventeen seventy six virginia convention instructed deputies to offer the following motion quote these united colonies are and of right ought to be free and independent states. Or a revolutionary. Moment this is. They're sending their delegation which will include people like. Thomas jefferson and george washington. And they're supposed to go to philadelphia to the continental comes by june which henry leave. Virginia is reading. The resolution. Congress at the pennsylvania state house and you have been seconded by one of the leading advocates in massachusetts john adams and the resolution richard henry lee read set resolved that these united colonies are and of right ought to be free and independent stage. They absolved from all allegiance to the british crown and that all political action between them in the state of great britain is an ought to be totally dissolved now. The congress has been a recess for three weeks and they postponed voting on it because new york in particular wanted to go home and find out there semi back home. What do you think but before they left with three. The appointed a committee of five. John adams of massachusetts benjamin franklin pennsylvania. Thomas jefferson of virginia roger sherman of connecticut in robert livingston of new york. This committee five was appointed to compose the declaration of independence. Not some days later on june. Twenty eight jefferson submits his rough draft declaration over the next two days. Congress debated and made extensive changes despite jefferson's objection jefferson unhappy. That people wanted to change his language. He was actually much tougher. The slave trade and the southerners were not prepared to go that ben franklin who was the oldest person there and i think in many ways the wisest tried to reassure but tell him story about a merchant who storefront sign said john thompson had her mason sells hats for ready money after his friends offer. Criticism sign instead. Read john thompson above a picture hat and he was trying to okay for to be shorter on july first. John adams massachusetts addresses the congress in a moving speech supporting the decoration. The phones this is adams who in many ways i think is undervalued as an extraordinary leader. Who did so much to shape. Emerge quote whatever may be our fate that this neck location show thing. They may cost treas in a may cost. What but it will stand and it will richly compensate for both through the gloom of the press. I see the brightness of the future as the sun in heaven we shall make this glorious and immortal day when we are in our grades. Our children will honored. They will celebrated thanksgiving who'd festivity with bonfires with eliminations on its annual return. They will shift. Here's copious gushing gears nada subjection slavery would've alteration of gratitude up george sir before god. I believe the hour is calm. My judgment approved this measure. And my whole heart is in all that i and all that all that i hope i am now ready here to take on it and i leave offers. Ib delivered suvival. Pitch i am for the declaration. It is my living senate and by the blessing guard it. She'll be my dying. Sanel independence now and independence forever that gives you some sense of the depth. These people understood what they were doing. They were taking on the most powerful empire in the world. The grisha just defeated the french. They were unrivalled in capacity to raise money. The navy was the most powerful on the planet. They could hire plenty of mercenary soldiers from germany. And here are these guys sitting in filled up on out. I just got to do it. I have no choice so on the second of july lee resolution independence was adopted by twelve of the thirteen new york again. Staying immediately after congress began to consider the decoration abouts on july third adams wrote to his wife. Gail i think one of the most interesting women are very intelligent. Her letters to john and his answers are remarkable. So john writes is what quote the second day of july. Seventeen seventy six will be the most memorable you park. In history of america actively believe that will be celebrated by succeeding. Generations is the great anniversary festival. It ought to be commemorated as the day of deliverance by solemn acts of devotion to god. It'll be so nice. With pomp and parade with shows gained sports guns bells bonfires illuminations from one end of this comment to the other from this time forward forevermore and the fourth of july the declaration and it's was officially adopted. This is john caldwell. This week on alao janelle caldwell talked to the youngest member of the incoming congress and that is congressman elect madison cawthorn congressman elect cawthorn. I discuss the tragedy that shaped his life. How he expects to get along with his new colleagues including starts on legalizing cannabis and what he expects the future the gop to look like you don't wanna miss this episode of outlander. Janelle call listen outlaw. With giancarlo money on iheartradio app apple podcasts. Or mitchell podcast. How putting some real silver in your loved ones stockings. That's right now. Through december twenty first for every five thousand dollars you spend group on physical gold or silver or investing in your precious metals. Ira roach gold will send you bonus sober. It's the countdown to inauguration day. A great time to solidify your savings through diversification. Here's we need to do tech. Newt two four seven four seven four seven. When you speak to your birch gold representative. Let them know you want the free silver with your purchase even if you are investing in a precious metals. Ira you'll still get the physical sober delivered to your door. Texts nude four seven four seven. Four seven get a free info kid one diversifying into go virtual they have an a plus rating with the better business bureau and countless five star reviews tex knuth two four seven four seven four seven and open a precious metals. Ira and get your free silver before december twenty first support for this podcast comes from boost with facebook. Who's podcast boost. My business with david fisher features unique perspectives and insights from the world's most interesting business leaders and small business owners. Check out the fourth episode. Where you'll hear. The owner of auto sales in oklahoma discuss the power of diverse leadership with the ceo of porno rijkaard usa. Listen to boost my business. Wherever you get your podcasts. Now on the polo congress and adopted the declaration five stats wasn't complete. Congress now directed them to oversee the printing of the duck. Remember sitting in philadelphia. They have an entire country plus the written this not doing apart to appeal to the french and the dutch and spanish trying to draw them into helping against great britain. I printed copies of the declaration of the pence returned from the shop of john. Doma official printer the guns. Don't my bolivar's two hundred copies of desperation. Which are now called the lab broadsides. One copy is officially entered into the congressional journal and the other clock are distributed throughout the guidelines on july six the pennsylvania evening post becomes the first newspaper to reprint the whole declaration with news of the july. Second decision to declare. Dependents has already been widely reported and various celebrations and discussion. Doherty taking place for comes on that same day. July six john. Hancock worded letter to george. Washington with an enclosed copy of the declaration penned be ready to his troops. You remember this. Washington is the commanding generally left the continental congress and seventy five goes to massachusetts so they can have a virginia general leading essentially england army to begin to buying people together. It's marqaba moment in. Washington understands morale mattis. Have having your troops understand what they're fighting for. And why it matters is really important. And the declaration is written in part is propaganda written to arouse to excite to win the argument that people say yes obviously. That's what we should on the ak- july the declarations read publicly you people philadelphia and around this time. Congress messiah copy to assemble in europe. We distributed to all the european governments sadly the original letters lost and the declaration is informally delivered to great britain. And the rest of europe until november when news the decorations which here but the exact plant which had not so finally july ninth new york climbing around saying okay. Yes we've been told. We should approve. So they now had. All thirteen colonies approving Assembly finally authorising the vote. Yes on july. Nineteenth congress orders the declaration. Be grossed on parchment with the title the unanimous declaration of the thirteen united states of america notice. They moved from colonies to the united states of america. It'd be signed by every member comes. And who is the president of congress signs the gross copy followed by most of the odom gates. Somehow we have the background. Why did it really matter so much. Why do i think the july two thousand and twenty six on the two hundred and fiftieth anniversary should be a central moment. Reigniting american patriotism. An american understanding what. This country is all about so. I think that it's very important. Understand how people who wrote this understood that this was a central moment in history. It's a central moment because they written a declaration of credits which is a moral document. It says we are endowed by our creator with certain unalienable rights among your life liberty and the pursuit of happiness. It outlines and makes the case the when. The king acts against the subjects. The subjects have the right to change. King this is extraordinarily revolutionary concepts of breaking down the entire structure of power which had defined your promotes the last several thousand years. And they knew that it was that import john adams writes to his wife. Abigail third july. And says you will think me transported with enthusiasts. But i am not. I am well aware of the toil and blood and treasure. It will cost us to maintain this declaration and support and defend these states yet through all the gloom can see the ray of ravishing light and glory. I can see the end is more than worth alba. means now. Almost a generation later jefferson narendra among the last survivors of that great september first eighteen twenty one jefferson rights adams who by the way have been real competitors and in some ways will opponents of each other. Jefferson writes the flames kindled on the fourth of july seventeen. Seventy six have spread over too much of the globe bug a. feeble engines of despotism on the contrary they will consume these engines and hall. Who would two days before his death in eighteen twenty six jefferson would a letter. Roger leighton on the fiftieth anniversary of declared independence and jefferson writes. Quote may be to the world. What i believe it will be to some parts. Sooner to others with finally to all the signal of a rousing men to burst the chains under which monkey ignorance and superstition and persuaded the by themselves and to assume the bless engine security of self-government their form which we have substituted restores the free right unbounded exercise reason and freedom of opinion while eyes are opened or opening the rights of man. Jefferson's hope was captured by frederick douglass. Great african american voter. Who is probably the leading spokesperson in the black community. The nineteenth century who advocated the end of slavery and who was widely received both in north europe as a visionary frederick douglass fourth of july speech eighteen fifty two says quote the signers of the recreation independence. Were brave men. They were great man to great enough to frame to a great age does not often happen to a nation to raise at one time. Such a number of truly great men. The point from which. I'm compelled with you is not certainly the most favourable and yet i cannot contemplate their great deeds with less than hemorrhage states patriots and heroes and for the good they did and the principals they contended for i will you might with you to honor their memory so he sang this one. Where the context of saying what slavery still exist. They failed to eliminate slavery. I can't be one hundred percent in favor of but they set the stage for the argument or liberties labor. And i have to respect how much courage they did show in moving as far as they did abraham lincoln in a letter to henry pierce rid micro six thousand eight hundred fifty nine call declaration appendi- quote he rebuke stumbling block to the very harbingers of reappearing tyranny. And oppression remember. This is a beginning taste of lincoln's mowing who's like it was very anti-slavery and lincoln. All of wraps the entire explanation of america back to their cushion minutes or most of the parade after seventeen eighty-nine who was not the necklace from the payments but the constitution which had been sort of the central document but with lincoln showing up lincoln decides that the explanation for why the north is in favor of freedom has to be built around the declaration. Depends and so he. Innocence brings back and makes it the centerpiece of explaining america. In the i have a dream speech. Reverend martin luther king junior said quote when the architects of our republic wrote the magnificent words of the constitution and the declaration dependents they were signing a promissory. Note to which every american was to fall heir. This note was a promise that all men will be guaranteed the inalienable rights of life liberty and the pursuit of happiness. Even the critics understood. Little hint solved everything that it wasn't perfect understood. There was such a gigantic leap in the right direction and it was so clearly establishing the moral framework which will allow us to have the other arguments to continue to expand freedom not they continually come back to what remarkable people these were and what a remarkable document the decorations. Hi this is rob smith and problem matic as a black gay republican. I don't fit into any neat boxes. And because of that. I'm problematic to the political left. Which wants me to stay quiet and do what i'm told but i'm not about that because no one owns me. The left can divide us with identity politics. But i'm also problematic. The right because being problematic is about thinking for yourself and being your own person can be problematic with new listened to rob. Smith is problematic. Every tuesday on the iheartradio app apple podcasts. Or wherever you get your podcasts support for this. Podcast comes from comedy. Central in their podcasts daily. Show with trevor noah. Here's addition podcast. You can listen to full episodes revisit. Your favorite interviews and here exclusive extras and as always you'll hear from trevor in the correspondence on the biggest news stories of today whether you've watched the daily show for years or you're tuning in for the first time dive into today's news ears. I listened to the daily show with trevor noah. Ears edition on the iheartradio app apple podcasts. Or wherever you get your podcasts. Introducing the new horizon business unlimited plans. Now you can pick a plan for his lowest thirty dollars. A month per line with auto pay get five g nationwide plus massive data capacity plus ban blocking features and with rise in business limited. You can mix and match the right plans for your business so you get more of what you need and none of what you don't from verizon. The network businesses rely on five g. Nationwide available in eighteen hundred plus cities on most visa five g devices month per line pricing with five plus lines on biz limited start device payment smartphone purchase auto pay in paper free billing required terms. Apply when you start thinking about the two hundred thirtieth anniversary and two thousand and twenty six. There are really. I think three big reasons to have a two hundred and fiftieth anniversary celebration. I this is an opportunity to drive home. The core principles of american exceptionalism the declaration of independence is at the heart of the american sense of individual authority and responsibility. Member declaration says that you personally are endowed by your creator with certain on illegal rights among what your life liberty you sit in happiness so it creates a central framework in which everywhere is exceptional at every american. Has the rights come from go second at the national level. The celebration can become significant enough of that that can be developed into an immersive experience for the american people to reconnect with american history. This gives us an opportunity by building at around. Two hundred fiftieth anniversary to get every american to look at the extraordinary importance who decoration defendants an extraordinary importance of the american commitment to freedom and the rule of law third in addition to educating americans and focusing americans the two hundred and fiftieth anniversary of the declaration dependence is a tremendous opportunity to communicate to the entire world the extraordinarily different moral authority even freedom between the american system and the chinese communist totalitarian efforts to control everyone and everything can be no greater contrast between the tyranny of uson and the chinese communist dictatorship and the grant of freedom the insertion of your rights government doesn't give you freedom god does the government doesn't give you scott does not by the way is why we need to have a very big national dial are redefining freedom given the mess that governors mayors and others made a infringing on our constitutional liberties using the excuse. Oh kobe to oppose the most any stupid rules. Pretty useful for us to take the declaration of independence and from it bill of rights and remind people this is a country built around protecting citizens from a country built which citizens are supposed to be subordinate to and i think that the two hundred fifty that her serie b a great opportunity to recenter the system. Now i also think frankly. It's a great way to contrast the real history of america with project new york times launched what they call sixteen nineteen project. They're pretty open about their image. They said the sixteen nineteen project goal is quote to reframe american history but considering what it would mean to regard sixteen nineteen as our nation's review doing so requires us to place the consequences of slavery and the contributions of blacker the berry center of the story. We tell ourselves about who we are. As now i do think it is very important. Understand the unique experiences of the african american community. I think it's important understand. The degree to which slavery was totally wrong and the leader which he created a immigra- for african americans totally different from that for other americans. But i think that that is a piece of the american fabric. It's not the american fabric. And i think that i sixteen nineteen project which attempted to get us to integrate. The experiences of african americans with the larger story of america would make perfect sense a sixteen nineteen project which wants to eliminate the larger story favorable very narrowly defined story. I think is a huge mistake. And one which the two hundred fiftieth anniversary of the declaration dependents. Who truly help us explain. I'm not by myself in this brad stevens who's a pulitzer prize. Winning journalist wrote about sixteen nineteen project quote as fresh concerns make clear on these points and frolics virtues buzz spinoffs and pulitzer prize. The sixteen nineteen project has failed. The doesn't mean the project seeks to arrange the equity in the from history but it does mean that it seeks to dethrone the fourth of july by treating american history as a story of black struggle against white supremacy which the declaration is for all of its high floor. Minarik supposed to be what how in gozo a great civil war historian in a city. Gernon say about the times. Projects said quote sixteen. Nineteen project is fires through essays poems and short fiction to rewrite entirely the narrative american slavery modest an unwilling inherited so british colonials but as the love object of american capitalism wants us slavery not as a blemish that the founders grudgingly tolerated with understanding them soon lapraik but as the price that the constitutional nationalist way to secure the times present slavery. Not as a regrettable chapter in distant past but as the living breathing pattern upon which are social. Life is based world without him. Wilson went on to say that the term sixteen nineteen project essentially rejecting a conspiracy theory. He says quote again. The sixteen nineteen project is not history in his conspiracy theory and like all conspiracy theories sixteen nineteen project announces with the eureka is acquired the exclamation everything and thus gives an aggrieved audience. A sense that finally it is in control through its understanding of the real cause of unhappiness as a way of reconnecting every american. I'm suggesting that we think about a year long project for two thousand twenty six to really study celebrate understand and rediscussed trollope of the declaration. We ought to start now month by month a year long plan so that we could truly communicate experience and talk about come to understand the great lessons of how the question was conceived. How was written with. They meant by and what it means to us today and i think a year in two thousand and twenty six doing that would just be remarkably impactful and it would set the stage because in two thousand and thirty two. We're going to be celebrating. The three hundredth anniversary of george washington's worth the two hundred anniversary by the way which took place in nineteen thirty two was a major nationwide celebration because he was truly the father of our country and the rate absolutely irreplaceable statesman on whose shoulders still stead. Then a two thousand thirty seven. When have the two hundred fiftieth anniversary of the draft in the constitution and two thousand forty one. We're going to celebrate the two hundred fiftieth anniversary of the adoption of the bill of rights which is vital both for americans and for people throughout the world as important to recognize that. The bill of rights was designed to limit government's ability to interfere with the individual's freedom. It's key to understanding rating system can read more about the two hundred fiftieth anniversary of the declaration independence and my presidents essay. The heritage foundation on our show page that newt's world dot com neutral is produced by gingrich three sixty and iheartmedia are executive producers. That reminds our producer is slow and our researcher is rachel peterson. The are worked for the show. Which quit bush. The kremlin special. Thanks who team that gingrich swiss system. Please email me with your questions at gingrich sixty dot com slash questions. I'll answer a selection of question future if you've been enjoying neutral. I hope you'll go to apple podcasts. And both ramos would five stars and give us a review so others can learn. All i'm making this is neutral In a world of an ever changing economic landscape how on earth can i get some financial stability in my life. I'm grosso most of the podcast. Follow the prophet every week. You'll hear from successful entrepreneurs learn from their chievements. The most importantly to avoid their mistakes on the podcasts. You'll hear stories that will deconstruct what's going on in the economy and how it's affecting your finances so that you can follow the prophet. Listen to follow the prophet. Every saturday on the iheartradio app apple podcasts. Or wherever you get your podcasts.
"Jini Jereser" is "This is Marketplace" in Dothraki
"This marketplace podcast is brought to you by pinata for businesses. And universities Panatta was everything YouTube isn't with enterprise grade security built in recording and live streaming and a unique search engine that finds any words spoken in any video. And Optima was how professionals share knowledge. If I had to guess, I would bet I say the name j Powell more than that of any other person in this economy today being just the most recent example, from American public media. This is marketplace. In Los Angeles. I'm KAI result is Wednesday today the tenth of April good as always to have long everybody cast your mind back with me now gang to the long ago days of well, the long ago days of last month March the twentieth a Wednesday. If you're curious and won the aforementioned Jerome Powell, chairman of the board of governors of the Federal Reserve system, given the overall favourable conditions in our economy, my colleagues, and I will be patient in assessing what if any changes in the stance of policy may be needed that sentence in a post interest rate setting meeting press conference, and that word patient was widely interpreted at the time here and elsewhere to mean that the fed was going to take its sweet old time when next thought about raising interest rates, which hold you that so we could tell you this the fed released its minutes of that March nineteenth and twentieth meeting today in down there on page eleven second column, if you wanna check was this quote, a couple of participants noted that the. Patient characterization should not be seen as limiting the committee's options for making policy adjustments when they are deemed appropriate translation into English. The fed is gonna fed no matter what everybody else thinks about this. Or moving on elsewhere in the macro, economic domain. News of inflation today. There is still practically none the consumer price index came out this morning core inflation as it's known that takes out food and energy up. Just a tenth percent over a month ago. But you dig down as one must with this kind of data, and you notice some components of the CPI moved quite a bit gas was up six and a half percent apparel fell. Almost two percent. The biggest one month dropped there in seventy years point being those kinds of month much fluctuations show, just how hard it is to measure inflation accurately and the speed at which this economy changes in helping at all marketplace's Mitchell Hartman takes us out shopping to explain I went to my local grocery store to check prices just like the four hundred data gatherers, the euro of labor statistics sends out every month. So I loved blueberries they have a big container them from Mexico, and that's seven ninety nine a smaller container five ninety nine and those. Organic and they're from the US. So how do I compare those to be measuring let's actually coming out of the consumer's pocket. Steve Reed is the economist in charge of consumer prices at be L S. He says it's crucial to compare like to like if you priced a different set of items, you wouldn't reliably be tracking. How much the cost of living is changing. That's fine. If you're talking about t shirts, which don't change much, but what about computers prices, keep falling? But their power keeps rising former BLS Commissioner Erica, grocery says there are elaborate methods to capture that so Flynn a new model comes in with a new Belen whistle. They can look at what's the average price difference for having this new feature via less is always trying to improve its data this month. It started using electronic transaction records from a national retailer that may have impacted the inflation rate for apparel government's been trying to figure this out for a long time. Notre Dame historian Thomas Stapleford says if you had been a revolutionary war soldier you'd have cared. When Massachusetts agreed to start adjusting, the pay rates for their militia based on the prices of beef and Indian corn and sheep's wool prices were skyrocketing. Getting soldiers to reenlist depended on getting that inflation rate. Right. Just like it does today for cost of living adjustments. I'm Mitchell Hartman for marketplace or to this next item is going to roll those fed minutes. I was talking about in low interest rates and Mitchell story about inflation and prices into one big giant ball of. Oh, so this is why it matters to me ten years on from the financial crisis. The Federal Reserve has raised interest rates just nine times and rates are by historical standards, still really low. And yes, there are plenty of upsides to cheap money, of course, more borrowing more spending more investment alternately more growth, but there are also costs to having interest rates. Solo so long marketplace's refinish explained that one to quote, one of the creepiest lines of the Handmaid's tale. Ordinary is just what you're used to. And so for those of you who are used to the past ten years of Bank accounts returning almost nothing on interest in treasury rates being two to three percent. This was not always ordinary. I mean, if I could go back to the eighties and get some of those interest rates for my clients. It would be amazing Marion forever is a certified financial planner at veridian ten year. Treasury yields were almost sixteen percent at one point in the early eighties. You could get amazing returns. If you're saving money since the financial crisis in particular rates have been extremely low close to zero at one point if the financial crisis didn't happen. Interest rates would have been higher and savers would have made a half a trillion dollars more in interest over the past decade. Mike mayo is a Bank analyst with Wells Fargo securities. He's talking there specifically about interest on deposits, which would have been higher if not for low rates those very low interest rates. Created a wealth transfer from the prudent savers to the more aggressive borrowers or risk-takers and low rates also affected people who thought they were being safe investors by relying on payouts from bonds, many of the people who were investing in very safe investments were retirees. That's Joe Minarik with the committee for economic development on the other hand. Of course, a lot of savers are also borrowers who benefit from low rates on people have mortgages, you know, even even tirees they still have money outstanding on a mortgage, and in many cases, people will take advantage of this to refinance their mortgage. Dean Baker is senior economist at the center for economic and policy research any says research shows most people with a decent amount of savings. Didn't just keep it in their Bank accounts. They invested elsewhere longer term bonds which have gone up in price because of low interest rates, and or stocks, which also were helped by low interest rates, so low interest rates. Have certainly also helped a lot of people, which of course, was the point of low interest rates to begin with in New York. I'm Sabrina shore for marketplace. All right. Let's see what else happened today. You ought to know about the big banks CEO's were on Capitol Hill. There was some too big to fails mother financial crisis. Callback. Most notable though was it. This was the first time all those Wall Street banks had been that long witness table together since February of two thousand nine also from the treasury department this item the treasury pricks a one point one trillion dollar deficit for fiscal year two thousand nineteen that's the one we're in. That's Gordon into the latest treasury statement released today just for some context here in fiscal year two thousand seventeen so plus or minus two years ago deficit was six hundred and sixty five billion dollars. That's be on Wall Street this Wednesday, a little sound not too much fury. Signified? Yeah. I don't know. We'll have the details when we do the numbers. The year of the Decca corn IPO continues deca corn being a company valued at more than ten billion dollars. Also, I guess a horse with ten horns unicorn a billion dollar company. Decca corn get it. Anyway, is at the ranch company that waxes and wanes in public popularity is register for its initial public. Offering tomorrow says the Wall Street Journal ten billion dollars in the market putting the valuation of that company at about a hundred billion dollars tells like lot, and it is and is expected to be the biggest IPO this year among the biggest ever. But this number is about twenty billion dollars below what everybody was thinking. Uber was going to be valued at marketplace's Megan McCarthy Carino sorts out. How companies like Uber come up with these figures, and why they might be putting on the brakes in the old days companies value was usually based on something pretty straightforward profits. But in today's world of fast growing, but unproven. Awful tech startups that benchmark is out the window. I don't really think there is any known standard of valuing companies that go public, Bryan. Hamilton is a co founder of sage works by Nanteuil analysis. He says in lieu of profits investors, look at factors like market size user numbers and sales growth to gauge valuation, but demand for shares often driven by something much more intangible says Barrett Daniels in advisor, Deloitte, and Touche flee. It's going to come down to the company's vision. And how believable it is adding event in February. Uber's head of transportation policy. Andrew salzberg articulated that vision to marketplace living the gross story is that we think we can build something through the provides a better service than one of the most successful modes of transport ever been around which the car it's a vision that likely resonates with the approximately hundred million over users worldwide, but it's pretty similar to one that has already been tested in the public market by its competitor. Lift which started offering shares a little more than a week ago. It did not go. Well that IP. Oh, and I think there's a little lesson to be learned in that. Kathleen Smith is a co founder of Renaissance Capital. She says lifts falling share prices, which are now trading below their IPO price show public. Investors may be feeling restrained. Don't think this is a bad place that where we are with these big companies coming public, especially when the public market is being very discerning about price. Smith says lifts experience can provide a roadmap to and other companies to take more conservative path in their valuations. I Megan McCurdy Carino marketplace. Let us now. Take a detour to the visual to the screens the three screens that dominate our lives. Our phones or computers and our televisions and to add to that list. We will add the screen on your car's dashboard. Tim Higgins wrote about the battle for that fourth screen and the billions of dollars at stake for the Wall Street Journal, Tim welcome to the program. Thank you. I don't want to still the lead here. But this is kind of a data play. Right. Absolutely a decade ago. Smartphone makers of found themselves in a very similar situation as carmakers today, and so car makers now are facing similar battle. And we're seeing two ways that they're addressing it either. They're saying, hey, we can create our own digital ecosystem or we just go with Google and put their operating system and our data. Before we get to the complexities of this thing. Right because it's a bit more complicated in the news. Pulling a your phone out of your pocket and looking at it how the market what are we talking about on the upside for this? This is a billions and billions of dollars of potential new revenue, and as we see software become more and more involved in the car, and that can digital life going in there. There's potential for a lot of new use cases out there. Whether we go down the road with the Thomas vehicles or just even with human driven vehicles. There's potential to unlock new ways of making money end spending money. All right. So let's look at some of these challenges here. The first of which is you're driving down the road at seventy miles an hour. Let's let's stick with human driven cars here for the moment because we're not quite an autonomous vehicle, and but you're driving down the road at semi miles an hour. It can be challenging to change radio station. Let alone pull up navigation or three menu levels deepened. Any of that stuff? That's been the knock against these words for several years. Now, people are frustrated with it a lot of them when you talk to them. We'll say, well, why isn't why isn't my dashboard is good as my phone, and there are several reasons for that. It's not a fair comparison in the car the designers of that system have a lot of things they have to worry about. And they don't want the driver to be distracted while driving. So they are calculating that in and how they design it. And the other thing is is is the costs, and they just don't have the capabilities is the phone in your pocket right challenge. Number two for some of these car companies though is that and you alluded to this a little bit. They're fighting against Silicon Valley and some carmakers have chosen to go in house and others are doing battle as it were with with Google and the rest of them. It comes down to for some car companies a belief that they. Can evolve and develop more software capabilities and some are saying, well, you know, can we really compete against Silicon Valley and it software prowess. And they look at what Google is doing and say, we should just partner with them and turn over this operating system to Google and in work with them, we can brandit. So it looks like the car company that we are. But in the back end not have to worry about the programming efforts. And then of course, finally once we get to a Thomas vehicles all of this becomes a little bit moot. Right. Well, car companies think this is actually one of the reasons why they need to pay attention to this is because as as cars become more electrified, and perhaps less involved with actual art of driving the touch point for the customer might be that. Screen and so they want that customers digital life in their ecosystem. Tim Higgins covers technology in cars in his case. For the Wall Street Journal. We got him in San Francisco, Tim, thanks a lot. Appreciate it. Thank you. Coming up. Sometimes I asked my staff, I say when did project star cost and so much same here pal same here? But I I don't have a staff, but first, let's do the numbers. Everybody down gained six points today. Lesson at ten percent. Twenty six thousand one fifty seven NASDAQ up fifty four point seven tenths percent. Seventy nine sixty four the P five hundred rose ten points about three tenths percent twenty eight and eight my Strauss, which might recall when public not too long ago rose four percent. After a strong earnings report other clothing retailers. Also, guests up two point three percent gap higher by nearly one percent. Route Lauren ticked up four tenths of one percent that despite dropping Pell prices, the Mitchell arms talk about on Wall Street banks to find eight thank you very much. Spite that hearing JP Morgan four ten percent CitiGroup tacked on about a half percent. Delta Airlines raised its forecast today. Stock followed suit gained one and a half percent. Boeing, ticker symbol BA. Just because they're in the news down one point one percent. You're listening to marketplace. This. Marketplace podcast is brought to you by the university of Florida Warrington college of business transform your future with an MBA from one of America's top ten universities. The UF MBA offers fulltime professional and online programs for an educational experience tailored to your schedule and career goals. Learn more at Warrington dot ufl dot EDU slash MBA, Ambra Capital, One with the spark cashcard from Capital One. You earn unlimited. Two percent cashback on all your business purchases. Think about unlimited two percent cashback on everything you buy for your business that cashback can add up to thousands of dollars which you can reinvest back into your business. So you can keep growing take Qin Jacobus of good start packaging. For example, Ken wanted his children to know that he valued the earth and had the courage to act on those values. So in two thousand nine he started good start packaging and began creating certified Compostable foodservice packaging those easily accessible to restaurants everywhere with the spark cashcard from Capital One Kenner earned thirty six thousand dollars cashback. Which used to offer healthcare to his employees? Imagine what unlimited two percent cashback could do for your business Capital One. What's in your wallet? This is marketplace, I'm KAI Rozelle. Maybe I hadn't heard I don't know but season eight and last of game of thrones starts this Sunday on HBO the show has made millions HBO billions. Maybe don't know. It's changed. The lives of the actors who starred in it, and it has launched the Hollywood career of language creator named David Peterson Peterson won the contest back in two thousand nine to create a fictional, doth Raqi language, since then he has created languages for C W show called the one hundred the Netflix movie bright and a second language for game of thrones called high Valerian, which makes him pretty much the go-to language guy in Hollywood right now, we talked to him at his home than in Orange County, California. I started creating my very own language in my first linguistics class. If you want to create languages linguistics helps, but it's not all you're going to need language creation is an art form and linguistics. Is a science you can learn the principles behind it. But that will only really only teach you to create a functional language not a good one. If you're going to rid of a spoken language, which is most of the languages that. I'm called on to create basically the language breaks down into different parts. There's the phonology that is the sounds of the language. What sounds are going to count for meaning changes or remaining distinctions? Then there is the morphology that is the inflection, and they inflection of verbs are nails show Kay is they're going to be gender in the language gonna have tents aspect modality, which one fixes suffixes interna. How are you gonna ask questions like yes, no questions or w h west the number system going to be all of that stuff? And then you get to spend the rest of your entire life creating words spend the rest of my life creating words for doth rocky and never reached the level of English vocabulary. So it's a life sentence. It's fun. But it's a life sentence. If you wanna take it seriously. When I was creating both rocky and high Valerian there were a little bits of language that Georgia Martyn included in his books a few for death rocky, including a couple of full phrases, and then really just to for high volume just the phrases allow more Hulas and volatile highrise. And then like a stray word here there. My job was to take everything that Georgia Martin had created in use that as my starting point building off of it after that to make sure that everything that I created fit with his original vision and to make sure that everything that was in the books still counted as grammatical once I was done. Most of the time the actors on all the various shows and films. I work on get the pronunciation and the delivery of their lines pretty good. Sometimes it's excellent. Which is great. And then every so often, it's absolutely and Bismullah, and I just roll my eyes. But it's like that's show biz. You just kind of have to roll with it. We had David Peterson teachers had to say this is marketplace in both Raqi and high Valerian don't know if you put that pause and emphasis in there, though, if you're in that Van Dyke overlap of marketplace and game of thrones fans can find out how on our Instagram. Marketplace APN. With the side long surveys in that we're still waiting for the Trump administration's infrastructure week to happen. The fact of the matter is that we need a whole lot of infrastructure spending in this economy. Maybe just not the kind of spending that is happening right now. Take just for instance, a new subway here. Digging train tunnels ain't cheap anywhere in the world. But it's exceptionally expensive in the United States rail construction costs are routinely higher than the cost and other countries even the cheapest underground project here. Most recently Seattle's you link cost six hundred million dollars a mile double by one measure, the foreign average. How come you ask marketplace? Ben Bradford hit the streets of L ADA. Find out Los Angeles is sprinting to build miles of new subway lines before the traffic showed city hosts the twenty eight summer Olympics on the corner of Wilshire and LA brea. Dump trucks lineup at an excavator which keeps dirt into them from the tunnel. Ninety feet below the four year old sites a staging area for the first leg of new so. Subway, set to open in twenty twenty three Ellie metros. Rick Clark describes an intricate dance keeping the nine mile project on track. The dump trucks are important to the project schedule as the tunnel boring machine, despite the precision this extension costs a billion dollars a mile three times the norm and other countries. I ask Clark. Why is it? Good question. Because sometimes I asked my staff, I say when did project star cost and so much L A's, not alone rail projects of all types around the US routinely cost two three or even ten times their European counterparts. There are some commonly cited reasons about why it's so expensive. He might think of land costs being higher construction costs being higher the complexity of project design, you might think of labor costs and regulations, Tracy, Gordon at the tax policy center says the problem with those reasons is that other countries contend with these factors to what's interesting is how you can come up with a counter. Sample for almost every explanation. So I called transit researcher Alon Levy in Germany who studying the difference in international costs. He believes the explanations for increased rail expenses in the US are really just excuses. For example, when American cities site union contracts and wages for making rail so expensive one hundred percent excuse in the Nordic countries where the majority of the labor forces unionized. The costs are pretty low in Texas. A right-to-work state costs are basically the same as let's say Massachusetts, sometimes people blame strong property rights for making it difficult for US subway projects to acquire land. It's an excuse in Japan, and France, if the landowners aren't happy they riot in the United States best. They can do is ask for a little bit more money. What about the density of our cities all those people more stuff to dodge underground doesn't that drive up our costs compared to other countries? It's an excuse. It's the exact opposite. Usually American cities are less than you would expect cost there to be lowered. All right. So if those are all excuses, what could be the legitimate reasons for our billion dollar subways, the transit experts. I spoke with have suspicions the tangle of local state and federal agencies involved in any given project may create excessive bureaucracy. It may also be easier here for a single local official to impede a project or change. Its course if even a few vocal constituents subject of which could add uniquely American costs. But let me says they don't know is sort of thing we need to study more. Okay. But how can it be that? We don't know the answer to this very basic and expensive question Levy thinks that's actually pretty simple and the United States. They never look at best industry practices outside the us. It's kind of jarring for instance, other countries generally, build smaller subway stations where riders walked down directly to the track level, but US subways almost always include huge multilevel stations with mezzanines LA metro brought in outside. Sultant to make cost control recommendations based on eight other transit agencies. Only one was outside the US in London metros Clark says he's up for a trip abroad person. I like that my boss and meet the Spain and France and Germany to find out how they're doing it. And actually, it would be a good valuable thing. Because as long as we expect to pay a premium over the rest of the world are transit dollars won't take us all that far in Los Angeles. I'm Ben Bradford for marketplace. This final note on the way out today, which comes with the observation that April is national financial literacy month, I saw this at marketwatch, by the way to give credit where credit is due. The most asked how to save for question. The Americans asked Google last year, we think guesses how to save for a house retirement car, college and wedding round out the top five. All right. We gotta go down up six points today. Less than ten percent. Nasdaq up fifty four points about seven tenths percent. Yes. And P five hundred rose ten points three tenths of one percent are media production. Team includes Sarah gear, Jake Gorski, drew justed. Jeff Peters, Dan Powell, Daniel Ramirez, Charlton Thorpe, and Ben tolliday. I'm KAI Ryssdal. We will see tomorrow, but. This is APN. This marketplace podcast is brought to you by the capital. One spark cashcard offering unlimited two percent cashback on all your business purchases. Capital one. What's in your wallet? Visit Capital One dot com. For more information and details.
47: New Mission to Intercept a Comet
"This space time series. Twenty two episode forty seven for broadcast on the twenty sixth of June twenty nineteen coming up on space time, and new mission to intercept a comet, the warm, glow of urine, os's rings and the new evidence suggesting plate tectonics, may have driven the Cambrian explosion, all that and more coming up on space time welcome to space time. We'd Stewart Gary. European Space Agency is announced the new mission to study, a comet. The new comedy deceptive mission is it's being provisionally called. We'll visit a pristine comet or interstellar asteroid making its first orbit around the sun, Isa's previous common missions included giada, which visited comet, one pay Halley, and Rosetta, which in countered comet, sixty seven p share. Mov Sherzah, Mingo birthdays were short period, comets making regular visits to the in the solar system. Heli swoops past the sun, roughly, every seventy six years while sharing Jerusalem. Inca completes its orbit of the solar system, every six and a half years. The thing is this show appeared comet with periods of less than two hundred years have approach the sun, many times during the journeys through the solar system, and as consequence of undergone significant changes within cheerio being cooked up by the sun's radiation, and that's where the new common into emissions different hill. Comprise, three spacecraft tightly Commodore into stellar. Object. Visiting the solar system for the first time perhaps, from the vast ought cloud. That's thought the surround the outer reaches of the son's room as such the comment will contain material, which has undergone much processing since the birth of the senate's planets four point six billion years ago, the mission will therefore offer a new inside and the evolution of comets as they migrate inwards from the periphery of the solar system. The idea is undertake a fly by of the target as it approaches the orbit of earth. It's three spacecraft will perform similar tiny subdivisions from model points around the comment creating three dimensional profile of dynamically, new object containing on process material surviving from the very dawn of the solar system. Combat into sifter is slated to launch in twenty twenty eight together with the agencies exit planet studying aerial spacecraft. It'll fly to the sun earth Legrand's to position, which is about one point five million kilometers behind the earth is via the from the sun. This is one of those, the grunge in gravitational world. Which allow the spacecraft to hold position in relation to the earth as the off around the sun, common into Siptah will then just sit there and wait for a suitable target, come along and once targets been identified the spacecraft will be sent to intercept it as it closes in on its target. It'll separate into three independent probes h equipped with complementary science payloads, providing different perspectives of the comet's nucleus, and it's gas dust and plasma environment that will be using the term comment in the story, but another potential target would be an interstitial. Visit from another star system. Lack the famed of mill which flew past the sun on. It's highly inclined orbit in twenty seventeen studying one of these interstellar objects would provide scientists with unique opportunity to explore how come like body forms and evolves in annouced, assest them. You're listening to space time I'm Stewart Gary. A new study of the rings of urines found them have temperature of just seventy seven degrees above absolute zero. The boiling point of liquid nitrogen observations were carried out by the European southern observatory using both its veal to very large telescope and alma the Atacama lodge millimeter submillimeter array, birth, located in the high Andy and digits of Chile. It's the first time sternum is have measured the warm glow of urine os's rings using ground based telescopes this thermal glow provides. Astronomers with a new window on the rings which have been seen only because they're reflect a little light in the visible or optical range, and in the near infrared the new observations of also confirmed that you're is brightest and densest rink net is the Epsilon ring is composed primarily of chunks of rock, the size of golf balls are larger, and that's very different from the ring systems of planet such as satin who spectacularly beautiful rings, a mainly is range in size from Micron sized dust grains. The intimacy ring to tens of Matesanz is in the main rings if that we now know that all the planets of the solar system, have rings, Gibbes rings, contain, mostly small Micron sized particles Micron being just a thousandth of milimeter, and you're an assist, twin ice giant, Neptune also has rings, Jim mostly composed the fine dust even urine itself as broad shades of dust between its narrow main rings, one of the study's authors, Edward Malta. Scientists already knew the slaughtering was a bit weird because it lacked, the small particles something is either being sweeping the small bits out or causing it to quickly clump together until logic pieces and Europe, survey Sion's report, yester- nominal journal are step. Woods understanding the rings composition. And with all the rings come from the same interior source or with the different for each ring, the rings could be former asteroids, captured by the planet's gravity Rin of moons that crash into one another and chatted, the remains of moons torn apart by your Nisus, Roche limit when they got too close. To the planet, or debris remaining from the time of the ice, giants formation four point six billion years ago, the rings of urinals accomplish very different from satins main ring with a much lower optical, and infrared reflectively or beta offices there is Doug as charcoal and extremely narrow compared to the rings of Sandton the whitest Epsilon ring varies from twenty to one hundred kilometers across whereas satins rings ranch from hundreds to tens of thousands of kilometers wide the lack of dust size particles in urine innocence main rings was first noted when Voyager two flew past the planet back in nineteen eighty six and I agree with them for the first time. However, the spacecraft was unable to measure the temperature of the rings so far. Astronomers of Canada. Total of thirteen rings around the planet, some with bands of dust between them. I'm Stewart Gary, you're listening to space time. Okay. Let's take a break from our show. Talk about a new sponsor blinking with talked about this before in today's age. It's really hard to find the time, simply sit down and read as much as you want it. Find out what you want to find out and it's also not easy when the likes of social media can be so addictive and time consuming, and that can often lead you to think that you should be done at the time to read a book what to develop yourself. Well, there is an that we highly recommend could blinking. Okay. So what's bleakest bleakest is the only the takes the key? Takeaway points, the need to know information from thousands of nonfiction books, and then condenses them all data. Just fifteen minutes c-can really listen and blink is made for busy people like you and me want to get to the main point of a book quickly without needing to read the entire book. And with its audio feature blitz makes it easy to finish folks today, while you're on the go ten million people using his right now. And it has a massive growing library. From SIL business health to history books now to give you an example, what I made I was talking about the other day, and it just thirty minutes. I listened to books, so instead of having to spend six or more hours, reading, Mark Masons, the subtle out of not giving an I had all the Cape in just fifteen minutes, brilliant, and look at the variety of titles available books like the barefoot investor bus got paid, how to make people like you and just ninety seconds list by nNcholas booth men at found, especially useful sapiens, a brief history of humankind and becoming Michelle Obama and the list goes on and on and on seven many titles. Choose from. And right now for a limited period of time. Weakest has a special offer for our audience. Go to blink dot com slash space. Time to start your free seven-day trial just imagine how many books you could get through in that amount of time. That's blinking sport. B L, I, N, K, I, S, T dot com slash space. Time to start your free seven-day trial. That's bleakest dot com slash space time. And of course will include all the link data in the show notes. And now it's back to our show. Space time with Stewart Gary. The world is gearing up the celebrate what he's arguably the most significant dating human history. The day man foot full service of another world, for the first time it was the twentieth of July nineteen sixty nine as Neil Armstrong stepped off the lunar excursion module, an added those immortal words. Man on silently prevent the crew of Apollo. We live in alarm Strom buzzer. Michael Collins had just made history expanding the reach of humans beyond what was previously thought possible. I believe nation should commit itself to achieving the goal before this decade is out of landing a man on the moon and returning him safely to the earth, no single space, project in this period will be more impressive to mankind or more important for the long range expiration of space and non will be difficult or expensive to accomplish. Choose to go to the moon and this decayed and do the other things not because they are easy but because they are hard for minutes and counting. We our goal for Apollo eleven will be coming up in the attic, sequence of, of ten or fifteen seconds. From this time to be ical starting to pressurise pellet tanks that concerned and all is still go as we monitor that as for firing commend coming in now run an automatic sequences the master of computers, supervisor's, hundreds of events of trying over these last few minutes. Two minutes, ten seconds and counting oxidizer tanks in the second and third stages. Now have pressurized one minute thirty five seconds, third stage completely pressurized, t minus sixty seconds in counting. We past t minus sixty fifty five seconds and county forty seconds away. From the Apollo eleven lift off all the second stage tanks? Now pressurized thirty five seconds. And counting. We are still go with hollow eleven thirty seconds and counting has been reported feels good humanity five seconds, twenty seconds and counting t minus fifteen seconds, guidances internal twelve eleven. Ten nine ignition sequence start six five four three two one zero all engine running ripped off. We have left thirty two minutes has the hour on Apollo eleven seconds. Found out, picking up. Nap down baked that on four four weeks into the right, little Anytown a hat thirty seconds contact. Right. Okay. Engine stop at a defense. Oh, go both auto command override off. And then I'm off for thirteen. Then we got down, he'd go. We've been Bengali base here. The eagle has landed ragged wing crank quality, we copy you on the ground. You got like a guy's about deterrent, blue. We're breathing again. Thank ally, simple lamb. That's one all this for van. Silently for. The Ariffin on that unforgettable day, with very much achieved on the shoulders of giants project Apollo together with the mercury, Jim and I'm missions which pave the way for that momentus event provided the United States for that matter the rest of the free world who have participated with an important victory in the Cold War against the Soviet Union and communism, which only seven years earlier had threatened to destroy humanity in the Cuban missile crisis for both sides. The space race was simply a test of military technological superiority, a fight for the ultimate high ground. It was a race. I started by the Nazis in World War Two with a V two rocket vengeance weapon. The first man made objects to reach space and for a long time it was a race the Soviet Union was winning after all the nineteen fifty seven they became the first place, a satellite into, but with the launch of Sputnik. They're also the first place, a human in orbit with uric Garin aboard Vostok one in nine hundred sixty one and nineteen sixty five Soviet Cosmo. Lexi, leeann of became the first man to carry out a spacewalk it seemed while the west was engaging in flower power hippie music, the communist collective outperforming the decadent democracies of the west but what the world didn't know back then was that in most cases Moscow's victories. Would you more to an overly cautious approach by the United States, rather than any lack of technology, and those solid foundations who proven justified as America's surpass the Soviets, carrying out the first round of d'aquin space, followed by the start of men missions, beyond earth, orbit to the moon, the death of Russian rocket genius. Sergei Carlisle in nineteen sixty six added to Moscow's miseries the repeated failure of the Soviet Union's, n one moon rocket Caterpillar to America's mighty sat and five. Sealed, the fate of Moscow's and visions, of course, celebrations, marking the Apollo eleven landing a being carried out not just in the United States, but around the world, especially in those countries like a stray Ilya, which played small Patty. Making the chief possible, and it's part of those celebrations Sydney's powerhouse museum will be running a special exhibition from June. The twenty ninth with over two hundred objects on spray Apollo eleven exhibition curator astronomer Derrick Sarah, Reeves says the event will explore a defining moment in history, as well as its lasting impact on science society into sign. Spatial planning to celebrate the fiftieth anniversary of this momentous occasion. And we really I did we've got over two hundred objects going to be on display. So we've got about fifty kind of swollen lodge objects everything from a sample of labor cool, the way up to full scale replicas of various spacecraft. I don't talk with that. We moved to about one hundred fifty pages of memorabilia, are commemorative purse cons, overload, all the kind of thing that capture just how excited and involved, the public were in this event and following the voice, it's hard to relate to it for a modern audience who went there at the time and certainly the entire Apollo program was a bit like that the engineering and scientific and devastate chief data that mission of changed our view of the entire universe. Yeah. Absolutely. And either it was kind of an unparalleled time in almost like the celebrity status that once had points with. Benches on with exciting. And there's really a time I think before in that is taken on that status. And yet, the technological developments that made it all possible raptly at the center of that. I'm sure that everyone put together an exhibition has favored pieces. What are yours? I've got a few choosing. My favorite object is a little bit like China. Choose your favorite child. I suspect one of the ones most excited about is, we've got a full size replica, all the friendship seven military capsule. So that was the space craft that took John Bland to become the first American in orbit are pot of the mercury program that was one of the precursors to the Apollo project based crop when it's fully constructed fans about eight minutes tolls really impressive to see and we've actually built a special viewing platform, so that it is to the exhibition can stand Compeq inside. What would have been the crew hatch? But we have that covered with Pacific so you can see the here and the Krant position that the. Would set it. So that's definitely one that I really excited about that. I'm really caring for people to say and understand, is something cold, the we call at the Apollo fade horn. So it was actually the clinical shapes piece of metal it's quite unusual to fee. But it's actually what that at the apex of the pox radio telescope one of the stray Lian dishes was involved in receiving the live TV footage of the moon walk for toss. So the radio waves coming in, they basically reflect off the curves of the dish an up to this thing called the Fayed horn, which you see pictures of the dish, it's kind of, like at the top of the tripod there, the signal then troubles by cable, down one of those legs and into the control room where the receiver that and then was sent to Sydney, we'll would cost to Australia and the rest of the world. And one of the cool things about our involvement in this part of broadcasting. The moon works is we actually got to say it about three hundred seconds before the rest of. The world because from Sydney bound up to set allied and back down to Houston abroad, toss to the rest of the world. But we got to say Australia's Great claim to fame from the Apollo era lately, every time I gotta the house museum in their affair. It was just the other week for the style was 'exhibition and one of the things I always try to do when I get an easy is to the standard space x edition, that powerhouse has because this lovely Little Rock there, it's, it's part of the Murchison meteorite, which is a carbonaceous contract, meteorite, which filter worth in Victoria emergent, and it opened up a new understanding of the outer solar system at something that from an astronomy point of view is really hard to top. Unless you've got a moon rock and I believe you've got one in the exhibition we do in very fortunate to have long-term line from NASA, a piece of marine right lane eighty nine grants, which is pretty big as far as simple come, and we were looking in the scientific research on the sample as we prepared for. Exhibition and impact with Minarik sample has been on display in our face gallery. Many is, and it said that it was three point nine billion years old. But we've now been able to confirm actually even older than we thought it four billion needed. All that makes it all. And actually most rocks on a really a very unique thing to be able to see to see an actual piece of the moon here on a you know calories. Exciting billion years, added we arrive at the age. And I guess the other question is, what was it before that I'm assuming it was formed in from an asteroid, collision of the lunar surface, or something like that. Yeah. That's exactly right. So the type of rock is, is a belated hoop Brescia, and it's basically for when an meteorite impacts on the surface of the moon. We know that the moon is coveting, craters west Royds and pieces of rock hit, and this type of rock is basically when to dust and stuff on the surface of the moon basically fused together in the hate caused by an impact like that. But. Look, the Ciro res q raid really probably living exhibition, which starts to the Saturday at Sydney's powerhouse museum, this space time. I'm Stewart Gary. The quist. Discover what trove one of the most important evolutionary events in the history of life on earth is taken. The new fascinating twist, a team of scientists have given a fresh insight into what may have driven the Cambrian explosion, a period of rapid expansion of different forms of animal life on earth that code of five hundred million years ago. Well, a number of theories have been put forward to try and explain this landmark period, the most creditable, so fire at least is that it was fueled by significant rise in atmosphere oxygen levels, which allowed a wide variety of animals thrive. Then you study reported in the journal nature communications suggests that such a rise in oxygen levels may have been the result of extrordinary changes employable plate tectonics, during the formation of the supercontinent Gondwana, there was a major increase in continental Volkan ISM chains of all Canas were formed often thousands of kilometres long continental ozanich plates collided this dramatic increase in Vulcan ISM led to increase the gassing of calm the. Aside from ancient subjected sedimentary rocks. The study's lead author, Josh Williams from the university of Exeter, says this Volkan ISM could've little increase in atmosphere CO, two in the woman of the planet, which in turn, says could have amplified the weathering of continental rocks which then supplied the nutrient phosphorus to the ocean to drive photosynthesis and increase oxygen production, Williams and colleagues the vote sophisticated by geochemical model in order to show the first quantification of changes in atmosphere oxygen levels just prior to this explosion. Fly one of the great dilemmas, originally recognized by Charles Darwin is why complex life in the form of fossil animals appeared so abruptly in, what's now known as the Cambrian explosion, or many studies have suggested this was linked to arise oxygen levels. Isn't it being clear cause for such a rise? And that's what these new hypothesis comes in. It shows a marked rise in oxygen levels, Judy changes in plate tectonic activity to a quarter level in today's atmosphere in the process, Ritchie, the critical levels needed. For the cabin explosion to occur. I'm Stewart Gary. You're listening to space time. An Ariane five rocket is carry two telecommunications satellites in just as you transfer over Iran. Spaceflight VA to forty eight lasted from the European Space Agency's. Spaceport. Infringe kiana. This wait said cease sank got plot. Do you need? Are you? Eighteen forty three local time and right on time area and five began her mission roaring off from the ground here in French with a lot of fire going through. Sinn cloud layer. We had so much rain today. We didn't think we'd have any visibility at all. But look at her go she carrying two satellites to new telecom satellites, the two boosters providing ninety nine percent of our thrust right now, propelling the launch along her trajectory at an ever higher velocity. Seven hundred seventy five tonnes of lift-off. And to get that sort of mass off the ground, you need a lot of push. She's burning five tons of fuel every second that's two and a half. Tons of fuel every second in each booster, and the core stage burning another three hundred kilos of fuel per second in the less guy, she goes area in five now following the program, and the onboard, computer, which gives all the orders, including stage, separations, which will soon begin to see in about twenty seconds. We're in the first four flight phases right now the first flight phase, the single first stage engine and the two boosters are burning another about twelve seconds for them. And they will be the first to be extinguished and deal the two boosters falling away, you're in continuing on her way the first flight phase using both cryogenic in storable, propellant cryogenic in the mainstay storable propellant, don't blisters who have done their job. They're pros and cons to each cryogenic, propulsion, offer certain advantages. As getting off the ground, and it is more precise detail has confirmed, of course, separation of the to boost boosters will follow away five hundred ashore into protected area. Next up fairing separation. Equal two halves of the faring falling away from the mothership separation coming at one hundred twelve kilometers roughly, because out of the earth's atmosphere, route to do one hundred and forty kilometers approaching three kilometers per second now speed, we need to separate, a satellite between eight nine kilometers per second roughly because it's roughly the speed of the turning IRS. Very space is part of Europe space, which is a three way of among east, the European Space Agency, the French space agency, knish and areas space space operating the family of launchers and marketing the launch services of the program and the program, I should say, ISA funding new programs and knish overseeing. Ordination of all space base operation space fan or the world's only dedicated commercial space base where space operating the launcher family area, and five soon to be six Soyuz, and Vega soon to be the updated Vegas. Vegas four. Consolidated I to be deployed with the six thousand three hundred thirty kilogram AT and T direct TV sixteen telecommunications satellite built by Airbus defence and space. It was released twenty seven minutes after liftoff. It'll be vision thirty six thousand kilometers above the equator, providing broadband services, covering the continental United States, Alaska Hawaii, and Puerto Rico, it was followed six minutes later, but the planet of the three thousand four hundred kilograms space systems, the real utilize set seven see once position, its footprint will cover Africa Europe, the Middle Eastern Turkey spacecraft carry enough. You'll chairman original for at least fifteen years the launch was the one hundred and fourth flight of an area on five and the second Ariane five mission this year. Anti-matter take a look at some of the other stories making us inside this week with science report, and you study suggests eating yogurt could help avoid bowel cancer. A report in the journal guts, found aiding weekly servings of young, it may help men too low the risk of developing, abnormal growth, which precede that Villca bowel cancer to reach that conclusion, scientists examined, the diets thirty two thousand six hundred and six men compared with men who didn't it? Yeah. Get those away to a more servings a week with ninety percent list likely to develop abnormal growth and twenty six percent less likely to Chris, that were highly likely to become cancerous, well, a bit of good news for parents now and you study claims sexually active astray in high school kids tend to engage in responsible sexual behavior. The nationwide survey by the Trump university booked at six thousand three hundred twenty seven students age sixteen to eighteen in government Catholic independent schools from each state, and territory, finding forty seven percent of them had engaged in sexual intercourse. Does the study showed that thirty four percent of sixteen year olds engaged in sex forty six percent of seventeen year olds and fifty six percent of eighteen year olds? It also found thirty five percent of students were attracted to same or both genders sixty six percent of students had sex at home sixty five percent with a boyfriend or girlfriend sixty two percent often, always used a condom and eighty six percent engaged in coitus with somebody about the same age sixty two percent of sexually active students had only had one partner in the past year, and eighty nine percent of those who are not yet, sexually active did not regret that Assyrian not to have six yet researches found students have a good knowledge of sexual health behaving responsibly, and are actively seeking out trusted and reliable sources of information family. Doctors will consider the most trusted source of information with eighty nine percent of kids, getting sexual information sway while sixty percent of kids talked about with an mom's seventy one percent were confident talking about sex. Actual health with female friends eighty percent at questions about HIV correctly, indicating generally highway Innis, seventy nine percent of students access information about sexual phone line. That's almost doubled 2013 figure which was forty four percent and seventy seven percent of kids discuss sexual health before engaging in sex. A new study is confirmed that permafrost across the Canadian Arctic is throwing seventy years earlier than previous climate change. Predictions had indicated the findings base them ups of Asians taken by teams of scientists from the university of Alaska Fairbanks, the observations reported in the journal geophysical research, letters suggests that local climate is now warmer than at any time in the past five thousand years. The authors say they were astounded to see how quickly succession of unusually hot summers had to stabilize the upper lays of giant subterranean ice blocks that remain frozen solid from Linnea. They say it's a sign that the global climate change crisis is excelling. Rating even faster than scientists feared. The largest plant survey ever undertaken has reviewed Alami extinction, writes, the findings reported in the journal nature. Collagen evolution show that earth c plants disappearing five hundred times faster than they would out human influence. Researchers analyzed the global data set of more than three hundred and thirty thousand species, and found five hundred seventy one presumed extinct since they were recorded in Collines, compendium species -tarian in seventeen fifty three to make matters worse side to say the number of recorded extinctions is an underestimate of the real tally and doesn't count species that are already extinct in the wild or his populations. Simply too small survive. Well, a bit of good news now. And it seems most people at least in affluent nations fairly honest when it comes to returning lost wallets, the study covering three hundred and fifty five cities across forty countries and involving some seventy thousand wallets found most people will return a loss that they've found. And interestingly the moment in the wallet, the greater the likelihood of being returned HEB specially lost wallets, contained grocery lists a k and some business cards with local sounding man's name fund number and Email address some of the wallets, had no money in the others. Thirty dollars and forty five cents or the equivalent buying power in local currency on average forty percent of wallet with no money and then were reported found compared with fifty one percent of wallets that contain some money, the results varied from country to country Denmark, and Switzerland being the most honest, having return rates of red eighty percent. Australia's not quite so honest, but still managed a respectable seventy percent. Just ahead of Russia on sixty and the United States on. Fifty seven percent of loss wallets containing cash, toned return rates in less affluent countries like, India, South Africa, and Chile were only around forty percent will return rates in Kenya and China, Ernie rich around twenty percent. The authors think inducted a second round of tests in the United States, Britain, and Poland using almost three thousand wallets containing around ninety four dollars each. Finding return rates in offering nations had increased to an average of seventy two percent. You can read the study in full in the journal science, you privacy features energy, saving mode, and performance updates will be among the highlights of Apple's new Iowa's, thirteen iphone operating system expected to be launched September. And this time they'll be a separate unique operating system for Wright, Pat, as will then his ipad s with more with yoga Alex herash from whistle dot com, Dada you came is next major version all apple operating system it to roll out in September alongside the next. But Apple's really detailed. If you were saying that we can expect the most noticeable, h we'll be dock mode, which lets you kind of walked your iphone, traditionally, bright white collar game for a mostly black interface. So, you know, there's something gestion doc Motors, a little bit easier on the is kind of cool. It's very cool. Yeah, look great. I actually went to try it out. But if you an iphone within display, which is like an iphone ten and dance or not tennis, MAC, switching on, doc mug, actually help reduce how consumption because on display takes on actually lit up on the screen unless showing color, so it's just displaying back those individual pixels, actually aren't on. So obviously, just depends on whether in that actually had the troop black or just adopt black or gray. But, you know, it could be a info battery life would be the major, I guess, less noticeable features in Iowa, pertain will be all whole host all privacy improvements. One of the major ones location. So if required location, you can choose to share just one. So, for example, if you'll you rather than letting it always actress, that whenever you beat up, for example, I think, and I was also unrolling out of five in what about let's you use your to registered in what counts with apps website. And so this is kind of what would with signing faithful and Google kind of pitching it as a more privacy focus of this. So you pretty much go to create a new account without revealing any information some. So this is to win having your Email. But signing that whole actually let you hide Email address. Apple will create a unique private Email address forward the emails from the actual mileage, wrestle dot letting company. No, you're actually Email address, h happen service, he sign up will address which convinced me, disabled, at anytime signing with also on the web. So you just type your iphone and it's quite interesting because. Kind of really wants develop those to use this. So as probably obstacles, using signing with goodwill signing with painful in your out, also need to include sign apple also really interesting change come into my pad, so. Well, I had top traditionally run, I o s kind of splintering off by Wes into a new those in for a few extra pages for bad cold. I've had a really creative name. The homeless brings title redoubt cannot see it more. I gonna you'd be able to put on your home screen as well. There's a whole heap. You more talking gestures. Lychee us, more ops at once and kind of drag app side by side and kind of even pull out individual components from the hot into kind of side by side. But, for example, if you're writing, and you Email in mail, you gotta pull out kind of compose books, and so have your inbox by five, but also the support for you. Be driving cards could actually directly at this document and move documents back cross. You'll be use your out of state and, despite the amac, and there's even Mel sport, so who's really pushing the to be more and more computer like again, respecting my paddle, west kind of coming out sometime in Denver Alex Horo, missile dot com. Dada, you you're listening to space time I'm Stewart Gary and that's the show for now. You can subscribe and download space time as a free twice weekly podcast through apple podcast. I tunes Stitcher dot com Pucca costs soundcloud, YouTube audio boom from space time with Stewart Gary dot com. All from your favorite podcast. Download provider space times. Also broadcast coast to coast across the United States on science three sixty radio by the National Science Foundation in Washington, DC, and available around the world on tune in radio. If you want more space time, checking our blog where you'll find all the stuff we couldn't fit in the show as well as loads of images me, stories, videos, and things on the web. I find interesting were amusing just go to space time with Stewart, Gary. Dot tumbler dot com. That's all one word in lower case, and that's tumbler without the you can also follow us on Twitter through, at Stewart, Gary, at space time with Stewart, Gary on Instagram and on Facebook. Just go to WWW dot Facebook dot com slash space time with Stewart Gary space-time is brought to in collaboration with strain sky, and telescope magazine, you'll window on the universe. You've been listening to space time with Stewart. Gary, this has been another quality podcast production from bites dot com.