35 Burst results for "Nine Billion Dollars"
Restaurant Rescue Program Gets Flood of Applicants
"A flood of applicants for a new financial aid program. I'm not soft with the marketplace minute. Small business administration says it's gotten one hundred eighty six thousand applications for that program and that's just in the first couple of days. The program started this week. And there's twenty nine billion dollars available to help. Restaurants bars and other eligible businesses pandemic related financial
Biden Touts $28.6B Restaurant Relief Program, Orders Tacos
"With the restaurant still reeling from the pandemic president Biden's highlighting a program to help eateries that have lost business for the first time since taking office the president stepped foot in a restaurant visiting a Washington talk Urrea on Cinco Tamayo and leaving with tacos and enchiladas the nearly twenty nine billion dollar program is aimed at aiding in the industry he says need special help with pandemic recovery our nation's restaurants were some of the first hit and the worst hit the relief program allows restaurants and bars to qualify for grants equal to their pandemic related revenue losses we're opening the doors of this program for sure the restaurants all over the country can open their doors again the White House says more than one hundred eighty six thousand establishments applied in the program's first two days Sager mag ani Washington
Air Force One Contractor Files for Bankruptcy
"For story comes from simple flying dot com air force one contractor files for bankruptcy. Well as you may know. Boeing was previously awarded the three point nine billion dollar contract to convert to seven four seven dash eight to serve as air force one. He's would replace the seven. Four seven dash two hundred that are used. Now and under this program boeing subcontracted. The interiors to company called g. d. c. technics and in april of this year boeing filed a lawsuit against g. Dc technics and canceled their contracts. Well then gtc countersued. Boeing gdp is filing for bankruptcy protection. Under chapter eleven boeing says. Gd c. hasn't met their obligations and his twelve months behind schedule. Gd countered claiming that boeing was mismanaging the program and owed the company more than twenty million dollars in payments. So little little snafu there. The aircraft being dash are bigger newer than the seven. Four seven dash two hundreds David you know. Where are there additional capabilities. That are expected to be built into this. Or is it just a a refresh of the aircraft. I could tell you. But i'd have to kill you. I'm sure most of most of the upgrades were classified. But keep in mind that. These aircraft were originally designed to be passenger aircraft and were almost finished as such so basically the vip interior that is going to be in them For the president and the press etc basically you have to rip out the interior. That's in them and put in this do vip
Pfizer Posts $4.9B 1Q Profit as Vaccine Strategy Pays Off
"Pfizer's vaccine strategy boosted its bottom line for the first three months of the year Pfizer says it earned four point nine billion dollars the company is doubling its sales projections for the coronavirus vaccine this year from fifteen billion dollars to roughly twenty six billion the Pfizer vaccine developed along with partner by on tech has proven to be more than ninety percent effective and is rapidly one emergency approval in country after country the partners are testing a potential booster shot and are testing the two double shot in new patient groups including pregnant women twelve to fifteen year olds and children from six months to eleven years old I'm a Donahue
Verizon Sells Internet Trailblazers Yahoo and AOL for $5B
"Verizon is selling a couple of internet trail Blazers one was once the face of the internet but young who was overtaken by the likes of Google and Facebook another name being sold is a well you've got mail it was a dominant name during the internet's earliest days Verizon bought Yahoo and AOL about six years ago for nine billion dollars they're selling to Apollo management for five billion their attempts to jumpstart the brand's didn't work the ricin is refocusing on its wireless business I'm a Donahue
Wet Notes - 4-23-21
"This is wet notes for april twenty third. Two thousand twenty one here on scuba shack radio. I up just after i recorded. The last episode president biden released his two thousand and twenty two budget. Well if you're a fan of the national oceanic and atmospheric administration or noah. You'll be happy in the budget. Proposal released on april ninth. The president proposed a record budget of six point. Nine billion dollars for knowing now. How does that compare well. This year knows budget is four point. Six billion wow. that's big increase. This budget really supports taking action. On climate change protecting marine mammals the ocean great lakes and coastal communities. If you recall the previous administration has proposed cutting knows budget only to have it restored by congress. Now this is just a first step in the budget proposal. It has a long way to go to get congressional approval. But i think it's a very good first step now. Here's something that's really interesting. I read this in the cayman compass online. It's about a grand cayman. Northside family found a message in a bottle. Yeah on easter. i think it was. The family was out walking on a remote part of the island. A place called the parrot sanctuary. I think this is on the east end. Well that's where patricia dacosta her family recovered an emerald colored bottle with a handwritten message inside the note said thrown into the ocean on six december. Two thousand and seventeen somewhere between the bahamas and florida. If you find this drop us a line and let us know where it ended up. Signed by darren and shannon from evansville illinois and it gave them their email address so patricia them with the news and now darrin shannon are planning to visit grand cayman at some point as for the bottle. The dacosta family's planning to put their own note in the same bottle and send it back out to see what an incredible journey. It's here the second quarter edition of the journal of diving history magazine. It arrived in the mail just after the last show. This latest additions cover story was written by chris. Cole and it is about the divers who worked on the edgewater disaster. It was one of the worst maritime disasters in us history. I'll leave it at that and you can do some of your own research but it was a really interesting article. There's also an interview in the edition. Done by michael newdow with dick rakowski and he's dubbed. The father of nighthawks again. Some really interesting stuff. I highly recommend that you take a look at the historical diving. Society's website if you become a member you'll get the journal mail to you every quarter a pleasant surprise in your mailbox. I received an email from a friend a few weeks ago with the subject line serenity so who can't use a little serenity how about serenity now well it turns out that my friend was asked by our son to watch him cameras for a school project. These live cams were from the monterey bay aquarium so i went to the link and it took me to their landing page for nine different cameras. I'm not going to list them all right now. But you can peek. In on their penguins. Sea otters were moon jellies. There's even a camera for monterey bay itself personally. I like to observe my sealife while diving but these live cams from monterey bay aquarium can fill in and provide that little bit of serenity. Now here's something interesting. That came in from shearwater. You know the makers of the dive computers. They have a contest. It's going to be starting up. In may called the spring shopping spree and the winner will get four thousand nine hundred ninety nine dollars shopping spree at the dive shop of their choice. And here's how it works if you purchase the shearwater in april or if you buy one in may you can register for the contest with their online portal with a proof of purchase. But you don't have to buy a computer to participate. You also be able to register by completing a short fifty word essay on why you like shearwater computers. The lucky winner will be selected at the end of may. And it's another great way to support your local dive shot. Thanks your water for doing this. And finally there was a short article from patty on april twentieth about their meeting with the maldivian government to confirm the protection for sharks. There was some speculation out there that the maldivian government might be lifting the shark fishing ban in their countries waters. Well this can't be good over ten years ago. Patty along with others helped to establish this current protection so the patty staff met with the moldavian ministry of fisheries marine reserves and agriculture's lead zaha wahid. Well here's some good news here at the meeting minister while he said that they were committed to sustainable and responsible management on april twentieth the ministry released a statement that said the maldives does not intend to permit a targeted shark. Fishing in the mouth. These great job. Patty in great job maldives for protecting these critical apex predators. Well that's it for wet notes. For
NASA Picks SpaceX to Build New Lunar Lander
"Elon. Musk space x two point. Nine billion dollars to build a lunar landing system to fairy astronauts to the surface of the moon. Npr's matthew schwartz reports spacex was one of three companies chosen last year to develop technology for nasa human landing system program. On friday nasa announced spacex won the contract beating out the jeff bezos company blue origin and alabama defense contractor dianetics. It's the first time the space will use a human land or built by a private company. It's being built as part of the program which aims to bring americans back to the moon by twenty twenty four nasa plans to send four astronauts on a multi-day rocket journey to moon orbit. Two crew members will transfer to spacex his lander for their descent to the lunar surface. Nasa says that at least one of those astronauts will be the first woman to set foot on the moon matthew schwartz.
Supreme Court sides with Google in Oracle’s API copyright case
"Supreme court rules in google's favor on java. Api case the us supreme court ruled six to two in favor of google in its copyright dispute with oracle over twelve thousand lines of code from the java. api used an android originally written by sun microsystems which oracle acquired in two thousand ten the decision perverse decision by the. Us court of appeals for the federal circuit oracle had asked for nine billion dollars in damages. In the majority opinion justice. Steven brier wrote the use of the code was protected under the copyright doctrine of fair use firmware malware on the rise according to microsoft's march twenty twenty one security signals report over eighty percent of enterprises were victims of at least one firmware attack. In the past two years the survey had respondents from one thousand companies from china germany japan the uk and the us reported the majority of security investments or going to security updates vulnerability scanning and advanced threat protection solutions. The report notes that nist national vulnerability database has seen a fivefold increase in firmware attacks. In the last four years the report found that only thirty percent of business invest in hardware based memory encryption forty six percent are investing in hardware based colonel protections while twenty one percent of decision makers said they were not able to monitor firmware at all. Ap ap's exploiting vulnerabilities in s ceasar and the fbi issued a joint advisory that over the past month threat actors have been seen. Exploding three vulnerabilities in fort annette's four two zero s currently the seems limited to scanning of devices on three reports for the s s. Vpn web portal flaw. But the advisory warns this could escalate to more sophisticated diaz or sequel injection attacks or serve to gain access to networks across multiple critical infrastructure sectors to gain access to keep networks as pre-positioning for follow on dead exfiltration or dead encryption attacks patches for the exploits are now available and the advisory recommends applying them immediately as well as disabling unused ports
Ship 'partially refloated,' but still stuck in Suez Canal
"Rescue workers have managed to make some progress in on blocking a massive ship stock in the Suez Canal L. services firm says engineers have partially refloated the colossal container vessel the ever given the continues to block traffic through the Suez Canal but hasn't provided further details about when the vessel would be fully set free satellite data from marine traffic dot com shows the ship's bulbous bow ones will be launched in the canals eastern bank has been rescued from the shore nearly a week ago the skyscraper sized ever given got stuck sideways in the crucial waterway creating a massive traffic jam and holding up nine billion dollars worth of goods each day I'm Charles through this month
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
"Saudi Arabia's state backed oil giant Aramco says its profits newly housed in twenty twenty to forty nine billion dollars Saudi Arabian oil co released its annual financial results a year after the pandemic sent the price of oil crashing to all time lows but the price has edged up as movement restrictions ease still analysts caution that a pagan demand may still be far off despite the drop in net income irem Kerr says it will continue paying quarterly dividends of eighteen point seven five billion dollars to to the commitments the company made in the run up to its initial public offering nearly all of the dividend money goes to the Saudi government which owns more than ninety eight percent of the company I'm Sarah Bassett
Data Shows The New York PD Seized 55,000 Phones In 2020
"The nypd fifty five thousand cell phones last year most likely due to the pandemic this numbers actually market lower than the roughly ninety. Two thousand phones. They served season two thousand nineteen but another parent consequence of covid. Era is that fewer people jump through the regulatory hoops desert. Get their phones back. Meaning police kept nearly forty percent of the phones. Taken in twenty twenty. And here's crazy part at now. We understand if you're you know you're slinging drugs or something you get your phone sees. That's part of a you know. That's that's what's happening but as the report notes nearly eighty five percent of all seizures performed by the nypd. Were not listen. This were not related to any criminal charges against the person whose phone had been taken. One lawyer pointed out that the nypd officer took a shooting victims phone from them while they re while they were recovering at the hospital claiming they needed it for evidence and the person had to jump through lots of hoops to get his phone back. The city previous ride claimants to present two forms of id in order to get their property back even even if the police had seized the owners driver's license so there's all kinds of things has been going on here. People have been caught in a catch twenty two situation. And there's really not a lot that people can do from people just taking people's phones like civil forfeiture seizing property under the pretense needed as evans. Directly benefits nypd. The twenty-one thousand unclaimed foams at the york city took from citizens last year will wind up being auctioned and it's not like nypd needs that money. Those proceeds whitney put a dent in at ten point. Nine billion dollars. The city spent last year to fund the police force. But they're going to sell twenty one thousand phones that they had no reason to behold onto now. Some of those were probably seized because of a crime the fifteen percent according to this report. But it doesn't make go Just a little bit. It really really does
US consumers eased off credit card borrowing in January
"Americans struggled back on their credit cards to start the year the federal reserve says consumer borrowing fell by one point three billion dollars in January the first monthly decline in five months a big drop in the use of credit cards some nine point nine billion dollars offset increases in auto and student loans and marked the fourth straight decline in that category and was the biggest drop since August consumer borrowing is closely watched for indications about Americans willingness to take on more debt to finance their spending and so serves as a gauge of confidence in future economic activity since the pandemic hit millions of lost jobs in households have grown more cautious boosting savings as a hedge against the uncertainty Ben Thomas Washington
Redfin beats Q4 earnings estimates with $244M in revenue and record traffic
"Invidia reported it earned three dollars and ten cents per share in q four on revenue of five billion dollars both beating analysts expectations with revenue up sixty percent of the year data center revenue grew ninety seven percent of the year to a record. One point nine billion dollars while gaming revenue also hit a record in the quarter of two point. Five billion dollars up. Sixty seven percent of the year
DeJoy Testifies Before House Panel
"Did you get christmas. Cards in january is taking a long time to get that birthday present to your friend across the country. The mail has been delayed over the last few months and congress wants to know why postmaster general louis dejoy face lawmakers on capitol hill yesterday. Here's representative bob gibbs of ohio. I won't send payments through mail anymore. So much confidence. I've lost in the system due i apologize for the delays but said even the plan congress has to help may not be enough. I would suggest that we are on a death. Spiral we cannot even with this legislation. We cannot continue to lose money. Npr's brian naylor has been following this and joins us now. Good morning brian. Good morning rachel. So what we're lawmakers big specific concerns and did dejoy take responsibility so there was criticism from both sides of the aisle. They cited those You know late. Christmas cards and other mail delays complaints from constituents over bills arriving late leading to late payments and late fees. And you heard congressman. Gibbs say he's given up on the postal service to joy was apologetic but he also got kind of Combative at times he said the status quo was not acceptable but he also said the problems existed before he got there. You could sit here and think that i'm bringing all this damage to the postal service. But as i said earlier the place was operationally faulty because of lack of investment and lack of ability to move forward. Which is what which to do. So you heard him say before. A death spiral as quite a phrase. He said the service lost more than nine billion dollars last year and is projected to lose some one hundred and sixty billion over the next ten
'Vaccines are safe': Biden urges Americans to get vaccinated after touring Michigan Pfizer plant
"The michigan. Plant where pfizer distributes. Its corona virus. Vaccines today is npr. Scott detro- reports by news the trip to try to sell his one point. Nine billion dollar economic rescue plan but also to urge americans to trust the vaccine as biden tick through the ways the federal government has improved vaccine supply and distribution. He also tried to tackle a major remaining hurdle to herd immunity hesitancy. Many people have over the vaccine safety. Vaccines are safe. Please for yourself your family your community this country take the vaccine when it's your turn and available the average total shots being administered. Each day is now above one point. seven million. Though this week's winter storms across much of the country will likely temporarily lower that total. The federal government
Tesla recalls 135,000 vehicles over touchscreen safety issue
"Tesla is recalling about one hundred and thirty five thousand model s and model x. vehicles after federal regulators raised concerns that the vehicles touch screens can fail when a memory chip runs out of storage capacity. The issue affects functions like defrosting and turn signals. Tesla says it disagrees that the issue counts as a defect in the vehicles. But that it's going to have with the recall. Any way to conclude the investigation by regulators and to provide a better experience for customers. The recall is one of tesla's largest actions to date and google parent alphabet reported a record fifty six point nine billion dollars quarterly revenue yesterday. The company's advertising units pulled in forty six point two billion dollars up nearly twenty two percent from a year earlier the earnings reflect a continuing recovery in ad spending which took a hit at the beginning of the pandemic google also broke out its cloud computing unit for the first time while the business brought in three point. Eight billion dollars in revenue overall. It lost one point. Two billion in the quarter earnings come after google agreed to pay more than three point. Eight million dollars to resolve a case of hiring and pay discrimination disadvantaged women and asian applicants and employees. that's according to the labor department. Google also agreed to strengthen policies related to hiring and compensation a spokesperson for google said. The company believes in heavy investment to make those processes fair and unbiased or coming up after the break amazon also reported its earnings yesterday along with a surprise leadership change.
Wall Street analysts on what to expect from Apple earnings
"The pre earnings financial analyst frenzy continues even analysts. That aren't that sold on apple shares long-term or all about anticipated december quarter numbers among them. Ubs analyst david vote apple insider had him issuing note monday wherein he raised his revenue and earnings per share expectations for the first quarter of fiscal year. Twenty twenty one. He had been looking for revenue of ninety eight point nine billion dollars on earnings per share of a buck thirty five. He is now looking revenue of one hundred six point nine billion dollars on earnings per share of one forty five. What's not to like would seem to be question. He thinks apple ship more iphones than he expected. He thinks the phones they sold had a higher average selling price than expected. He thinks max did better than the same quarter a year earlier and he is really just not into apple. Shares these got a hold rating on apple. Shares is a matter of fact and our price target of one hundred fifteen dollars other firms see apple beating expectations and they are in the apple. Shares take j. P. morgan melissa. Chatterjee please apple through reynaud from chapman to clients in it. He has the cupertino company back with another one of those buster beats when it comes to revenue expectations his appears to be the highest. He is looking for december revenue of one hundred ten billion dollars on earnings of one dollar and fifty six cents.
Why China is Joining the Global Push to Regulate Big Tech
"When it comes to regulating big tack europe has been taking an aggressive stance for a while now and as we talked about on the show. We've seen some action from the us as well but lately china has made moves to join in our reporter. Sam schechner joins me from paris. To talk about why china is getting involved now. What it's doing and what impact could be protect companies. Hey sam thanks for being here. Thanks for having me so before we get to china's action. I wanted to start by bringing us up to speed. European regulators have really been leading the charge when it comes to regulating tack. What have they been focusing on your right. That europe has really been at the leading edge. A lot of these these types of new rules europe's new privacy law the gdp our general data protection regulation was one of the first of the of a new class of transversal privacy laws. And that's actually been emulated in a number of parts of the world. Europe has also been among the first to initiate antitrust investigations into big companies including google and apple amazon and actually has issued decisions against google totaling more than nine billion dollars with fines in recent years and now europe is also helping lead the charge when it comes to coming up with new competition regulations. It's something that's been bubbling in academic circles for quite a while whether or not there's a handful of companies that are so big that they need their own special rules to make sure that they treat everyone fairly to make sure that companies have a chance to rise up and challenge them and the he us antitrust are also in charge of new digital regulation. Here margaret avesta your actually describe it with a metaphor to the automobile. She said that when cars were first invented it a new technology and after some period of time people realize that maybe we need traffic lights right and a lot of action clearly stemming from from that sort of mindset. We've also seen some action in the us as well right. There is indeed some momentum in the us four new competition rules you know given the political environment and some of the differences between democrats and republicans. It's not clear that there'll be an agreement that being said last summer. Democrats in the house. Judiciary committee released a report calling for changes to antitrust laws and creation of new types of obligations and republicans in their own report actually endorsed albeit a narrower set of changes but some areas of agreement such as requirements tech. Giant's make their services interoperable so there is the possibility that some types of legislation might see the light of day in the us dot. So that's sort of the lay of the land but china has also recently joined the push with some new proposals. What do they unveil well. That's right in. November china issued its first draft guidelines for how they want to regulate competitive behavior by digital giants and on paper the guidelines are actually very similar to some of the things that have come out in europe. The uk also has a set of regulations for big tech companies that the proposed and china's proposals include things like blocking companies from crunching consumer data in order to set discriminatory prices or at selling prices below cost to help gain market share. Some of the classic things that might be anti competitive more generally but that big companies are accused of doing and in potentially more difficult to identify with this. And i understand. China has a pretty short history with the sort of regulation. Why are they getting involved now. Well on one hand. China has one of the shortest histories of antitrust regulation of major global economies only adopted its anti-monopoly law in two thousand eight but more cynically. Some people have noted that this push began just slightly after an october speech from alibaba founder. Jack ma who publicly lashed out at the chinese government's tight financial regulations and following that there were a series of regulatory actions against elements of his internet empire. And so the question has been raised when you talk to. Experts is this chinese. Push about really trying to rein in big tech companies to preserve competition. Or is it about taking on people. Like mr ma who they think are challenging the power of the central government. And you know when you talk to when you talk to experts. They say that mon- speech may have been the trigger but that there have been longstanding concerns about increasing concentration among the chinese internet giants including including alibaba but also other companies to rate and since alibaba is one of china's biggest most powerful companies. Making jack ma. One of china's most powerful businessmen. This sort of illustrates broader difference between china and some of the other countries that we've talked about you know. China wants to exert a lot more control over attack and the internet then does the west could barrier in terms of getting different governments on the same page. Well that's a very good question you know we. We really don't know what the long term impacts are going to be of these rules. I mean for one thing. They haven't actually been applied yet. These are proposals and you're right that china's internet is largely dominated by its own set of companies not by global giants and chinese internet. Companies are much less present overseas. So you know it's it's a question. How much one regulatory system or the other will end up prevailing. There are certainly more countries in china's orbit that could end up adopting china's approach to internet regulation but in some cases in some senses that there's similar motivations behind what's going on. I mean whether you're trying to preserve state power for its own sake or because you want to make sure that there can be a new set of companies that come up to challenge. I mean those are still it boils down to saying certain companies have gotten too big and something needs to be done about them and so the more that those sorts of rules are being proposed. It certainly would count as momentum for them. And you know it's not a it's not a given that these things will be done so momentum is meaningful. i mean you. You have free market proponents. Who argue that. These types of proposals go too far that they would hobble digital markets and leave some people worse off so while there is a growing number of experts and competition regulators who say we might need rules like this they certainly aren't unopposed. So china's entry into the fray could potentially impact the course of the debate. Yeah and just to take further. What's the outlook for big tech. Now that china's join this push and how are the company is responding. Well i think big tech. Is these big tech. Giants are increasingly aware that they're going to be facing more regulation whether it's about privacy whether it's you know updates to tax rules whether it's about their obligations to other companies in terms of new competition regulations. It's just a fact of life. And so i think at this point. They're they're now down to figuring out how to make sure that these rules are ones that they can live with. You know when you talk to facebook they sort of are perhaps the most acquiescent saying that we acknowledge these types of rules must apply to us. Amazon and google say more that they would hope that rules that would be rules that apply to all companies not trying to focus on a few. But i think it's it's certainly fair to say that these companies are going to find themselves much more regulated and they have at the last couple decades have been a sort of open playing field for them. It seems likely that they're going to find their their field of action more limited. They may have time doing the same kinds of acquisitions that they had done before. Or certainly will face more scrutiny. Before they're able to complete them. Some regulations on the table could in the case of repeated non-compliance go as far as breakup. I think really the us would have to get more into the game for that to to truly be on the table. Indeed the ftc's suit against facebook last year did specifically talk about unwinding some of facebook's acquisitions
"nine billion dollars" Discussed on WCBM 680 AM
"This year will have to weigh the thanksgiving travel risks that come along with two major storms wreaking havoc over the wider parts of the country the weather forecast for much of the United States from the sunny beaches of southern California to the wind whipped streets of Chicago calls for heavy snow rain and powerful wind gusts some of the worst weather is expected to peak travel times and some of the largest cities some fifty five million people expected to travel over the next few days please be careful a woman who allegedly shot at a K. F. C. drive through for not getting a fork and napkin with their order has been arrested the thirty three year old woman from sandy springs Georgia was taken into custody almost a month after the incident occurred in Shelbyville Kentucky she is currently awaiting extradition from Georgia to Kentucky well the Federal Reserve Bank in New York is added another ninety two point seven billion dollars in temporary liquidity to the financial systems what the heck is going on the keep feeding the banks all this money let's check in with the author of the global brain Howard bloom Howard happy thanksgiving to you my friend that what's going on with these banks happening since September seventeenth in your credit actually pumped almost a hundred and nine billion dollars into the banking system a hundred and nine billion dollars that's enough money to buy single family homes all of the families of Philadelphia the fed can afford that kind of thing and now has holdings of a whopping four four trillion dollars but why this infusion of cash what was the emergency number sixteen according to Reuters a spike in the overnight lending rate shop the financial system the short term lending rate rocketed from a mere two percent two whopping ten percent in less than twenty four hours that's like a payment on your car going from two hundred dollars a month three thousand dollars a month over night so the Federal Reserve Bank of New York Sir pumping money into the system to bring landing right down again and to hold it down among other things affect what seventy three billion dollars in mortgage bonds and other securities and seven billion dollars in treasury bills from the biggest banks in the country the spelling of also those banks with a ready supply of cash what's more the fed will probably keep pumping money into the big banks right on up until.
"nine billion dollars" Discussed on This Week in Tech
"You can't music you have to go to your browser by their exactly. And that's what Spotify is done. And that's what Netflix is is doing now. Netflix says we paid this could save was eight or nine billion dollars a year, but not paying the apple thirty percent. You know, what's fascinating to me. Is that in this sense? Apple is they're playing two roles. One. Is there a payments processor? So they're sort of like MasterCard and visa, although they have MasterCard and visa as their partners as well. So they're layered on top of that. And they're also running the some of the infrastructure for selling and servicing and updating the apps. They're so they're so those are two things that are of value to any provider. The real problem seems to be the the the arbitrary nature of the thirty percent fee and how it's thirty percent or or nothing and it goes down. If this is a recent change down the fifteen percent now after the second year in this, right? And that's and that I think is to bring it back to what tomorrow's thing is going to be this is. Yet another way for them to sort of ease off on the the thirty percent still make you know, still make significant revenue on it. But allow some of the the other players to participate more fully here's in the dream. I'm going to watch for tomorrow, and it will be a little side note. But it might be the most important thing apple announces tomorrow apple is doing a credit card with Goldman Sachs. And I think that's the real play here because it's one thing to sell music or rent storage space or offer TV shows. It's another thing entirely to take a cut of every transaction on the platform. And that's ultimately what apple is going to do. In fact, apple Goldman Sachs, their partner in this also has a Bank and online Bank, right? And I would not be at all surprised for apple to do financial services. And at that point that if we're really is a walled garden. Net is absolute locking. I mean it fits their business model. They're always they've always been about owning the core technologies behind the products. And if if they are now a financial services company. Yeah. The I mean, it doesn't make sense for them to be paying that percents. Apple pay. They get a smaller cut than they would as a credit card. Right. They get a bigger cut. Of course, if you get Apple Pay, plus the credit card, you get even more. I think that's the announcement to watch for does that will make my I get an April full story about apple into the health insurer to if a number of years ago. I would have ice shirts. And the the reason it would work if because the demographic of people who own apple are actually, probably one you could fill the insurance to a little bit cheaper and still make money, but it was a joke. But now, you're telling me it may not be a joke. Yeah. And I I'm not talking about Google. Did this a branded credit card? Yeah. Somebody else's running the credit card. It's minor standing we'll see tomorrow, and maybe it won't become clear, but they will announce a credit card tomorrow. And I think it will not be a brand credit card, but it will actually be apple financial, you get you get apple goodies..
"nine billion dollars" Discussed on Animal Spirits Podcast
"Twenty nine billion dollars in fees. Expenses. Crazy twenty nine billion dollars. That is quite a bit of money. So all right. Anything more that you want that before you move on? Nah. I wrote a piece of I don't last week about all the things I learned up post that. But I think it was great to see just the total outpouring of support for him and kind of get the recognition that he definitely deserved. You know, there are a lot of seniors in investing that are. I don't want to say any day now. But certainly over the next ten fifteen years like Buffett and Munger and Markowitz still alive and Malki land. I don't think any of them will receive the unanimous outpouring of support as okay, it's moving on a friend. Dan, Egan wrote a post about how he budgets his personal cash flow in this actually came about part of the way through one of our back slack channels where Jake mechanism picking myself asked him because he talked about this. How he gets his money coming in any fairies it outright await for all these different expenses in investment accounts in he has it all automated, so he wrote his whole he's called how one behavioral scientists optimizes his monthly cash flow. And this is really interesting because I think this is one of the personal finance areas. Where people probably have the hardest time because a lot of people. Don't have household budget. I don't think about this intelligently. What did you think about Dan's budget here? I thought it was great. I like the way he described he said his budget is inspired by golf balls and beer method of prioritization, where he gets the big things done. I this is like that idea where you pour the rocks into a jar. And it looks like it's full. And then you pour some sand in there. It looks like it's still fall many pour some beer over the top of it. It still keeps filling up so that he has to get the big stuff done. I which is kind of the way that I think about my budget to is getting those expenses right out of the way and automating them. And I think the best thing he doesn't. Here's he says that the approaches saving to be ability to pay and then the spending his gospel part. That's basically, I approach it too. So that was the method advocated by that wealthy Barbara book. And I think it's simple. But it's so powerful that you have to automate your savings. Whether it's ten percent, or whatever it is. You have to pay yourself first. And if you don't do that automatically which is so easy to do these days. It's very hard to do that. Because as Dan said, one of the hardest lessons, I've learned is that I should bet it gets my own self control. So as far as what Dan is doing exactly with having such minimal amount in savings because he is pretty meticulous about where? Spending is going. There's obviously a lot of ways to skin the cat. But he has found something that clearly works for him. Which is great. They automation is the keep you're never going to save. What's leftover because what's leftover almost always gets spent? That's the way it was Jerry Seinfeld routine. Like, it's amazing how the amount of news in a single day fits perfectly into a newspaper every single day. That's the same thing with your spending. If it's there, you're gonna spend it. So it's not there. It's much easier. Prioritize what's left over in figure out what really matters to you..
"nine billion dollars" Discussed on WBZ NewsRadio 1030
"Dollars for border security, including nine billion dollars for physical barriers. The wall has become a metaphor for more security, and what we're talking about physical barrier where it makes sense on CBS has face the nation, Montana Democratic Senator John tester, a member of the appropriations committee identified this. As a key reason for the impact the president wants to continue to take campaign promise that he made wishes to have Mexico pay for a wall and say, no the rules have changed. Now. We're still going to build a wall. But we're going to have the American taxpayer pay for it. We're gonna use the American taxpayer like an ATM machine. That's not the right direction to go. Meanwhile, the partial government shutdown has forced hundreds of thousands of federal workers and contractors to either stay home or work with Alpay Democrats have vowed to pass legislation restoring the government as soon as they take control of the house is Thursday, January third and make sure you stay with us w. Bbc radio here in Boston for continuing coverage and just a quick reminder. You can listen to us anytime anywhere and stay connected on our free iheartradio app. And also on your smart speaker just say Alexa, play WBZ NewsRadio on iheartradio. Flickering candles and white flowers during a makeshift altar in a simple wooden home Guatemala, remembering eight year old Philippa Gomez Alonzo on Christmas day, the young boy became the second Guatemalan child to die while in United States border custody grieving relatives and friends say they have no TV or radio, and that they had no idea that trying to migrate here to the US could be so dangerous or even deadly. They also say they did not know at all about US policies that separated thousands of migrant children from their parents. Meanwhile, sources are reporting that videos from an Amazon shelter for migrant children show staffers dragging and pushing children incidents that occurred shortly before the federal government suspended. Southwest cay shelters operations early this fall. South wise key have reported mid-september incidents which involved three children and numerous staffers at a young town, Arizona shelter to state as well as local law enforcement and federal officials, but a at the time declined to publicly provide more details coming up a look at some security precautions for first night Boston. Right now out to the roads, we go eight thirty three traffic.
"nine billion dollars" Discussed on Bloomberg Radio New York
"The sixty nine billion dollars CVS Aetna deal. The go ahead in October and the deal closed last Wednesday. But now a federal judge says not so fast. Judge Richard Leon says he has concerns and he may order the companies to keep their assets separate while he weighs the deal, by the way. Judge Leon is the same judge whose decision to allow the AT and T Time Warner deal to close is being appealed by the Justice department. Joining me to discuss whether the judge can actually unwind the deal is Bloomberg intelligence senior litigation analyst, Jennifer rate. So Jen this move by the judge to basically put the deal on hold is more than than usual. It's almost unprecedented. So tell us about the usual process under the Tunney act. Well, you're correct. This really is unusual and unprecedented. The tiny has been largely a procedural measure. It says that a federal judge has to sign off on any department of Justice civil. Settlements merger and conduct settlements. The judges met only to ask by the way is that settlement in the public interest. It's a narrow question it's really kind of a limited role that they have in overseeing these in signing off this act was enacted by congress in the nineteen seventies. In response to criticisms that the settlement process was too secretive. And also that it was improperly influenced by special interest groups in particular that Nixon had accepted campaign contributions from IT in exchange for favorable antitrust settlement with ITT. So there were certainly objections to this deal. We heard from the AMA consumer interest groups, what are the judges concerns? Well, you know, there are two two areas. Here let's say two buckets. There are concerns such as groups like AMA with the remedy itself and the finding of harm by the department of Justice, and whether the remedy actually covers all of the areas in which the deal could possibly have harm. The judge is really only meant to ask whether or not. What's in the complaint is remedied by the actual settlement? That was reached by the department of Justice and the companies so he really isn't meant to go back and ask was the finding of harm expressed in the complaint, the proper one he isn't supposed to supplant the department of Justice's judgement and having conducted their analysis in determining what aspects of this dealer harmful or not. So to the extent that he is concerned about it. It would be about implementing the remedy and being able to properly enforce the remedy going forward. So it sounds like he can't unwind the deal flow it down. He can slow down the integration. He can't unwind the deal. You know, what his options are really are just either signing off in the settlement or rejecting the settlement. And then signing off on some sort of a modified settlement that the DOJ comes back within response. But if in fact, he rejected the settlement, and let's say in the worst case scenario, there was no settlement the DOJ puts in front of him that he's willing to sign. What happens then is that the DOJ would have to actually the this deal, and it would. Would be an already consummated deal because they can't pull it apart. Now. You know, and this has never happened. And this is very unlikely to happen. But the judge himself can't unwind the deal. There's a history between this judge and the Justice department, particularly the antitrust division. There's certainly irony here in that he wants the Justice department to stop when the Justice Blackmun wanted to stop with AT. And he said, no go forward. So is part of this him saying, I can't just be a rubber stamp. Well, I think absolutely, you know, think he's taking it's partly principal, and partly just taking his responsibility seriously that he isn't just a rubber stamp, and, hey, if he did find it wasn't in the public interest. What is his recourse if these companies have already integrated in the eggs Scampi unscrambled? So absolutely that's part of it. But I I do think he's skeptical of department of Justice attorneys right now. Generally, he expressed an awful lot of skepticism of their case against AT and T and Time Warner and also questioned by the way in two thousand eleven the settlement that they entered with Comcast and NBC you and he fussed about that too. He was the one who. Ultimately signed off on it and made them go back and make some modifications. The adjective, I've often heard associated with this judge is on orthodox. You watched him during the AT and T Time Warner trial. So what can you tell us to give us sort of the flavor of his personality? Absolutely unorthodox. I think that's a great word to describe him. And what he's doing right now is unorthodox requesting that these parties stopped their integration and give him more time to look at. That is is really unprecedented merger settlements have rarely been touched by by district court judges, and I will say also that is use of exclamation marks. His opinion is quite unprecedented for anyone who read his opinion on AT and T and Time Warner there's an awful lot of adamancy. If he says to CVS Aetna, I want you to keep your assets separate at this point. They came out. With a statement saying we are one company will they have to unwind part of what they did. You know, they'll going to have to go and make the case before the judge. I mean, they're having a hearing on December eighteenth. And that's part of what it'll be about. They're going to have to say, here's what we've done, and here's why it can't be unwound, and it can't be undone. And by the way, if we did this could actually cause consumer harm. They're going to have to go in and make their case. Can you tell what his view of antitrust is? You know, what you can tell about his view of antitrust is that he's skeptical. He seems to be skeptical of the government's case and skeptical of government attorneys, and I suppose there's some reason for that seeing that he just heard a long and detailed trial where the Justice department had issues with vertical integration of two companies yet. He's now asked to sign off on the settlement that basically didn't even touch the vertical aspects of the CVS and Aetna deal. What's happening in that case ATT Time Warner well that has been appealed he ruled against the department of Justice, very soundly pretty much rejected every aspect of their case. And every allegation that they made and really didn't even accept most of the evidence that they present it to the department of Justice has appealed that appeal is pending know, hopefully, they'll decide very quickly right now AT and T on Time Warner are holding the Turner assets separate, thanks, Jen. That's Jennifer, re Bloomberg intelligence senior litigation analyst, you can see more of jen's analysis at b. Go on the Bloomberg terminal coming up on Bloomberg law. President Trump has been criticizing the ninth circuit. But just how liberal is that federal appeals court. I'm June Grosso. This is Bloomberg lead.
"nine billion dollars" Discussed on MSNBC Morning Joe
"Finally goes to land city and completely blows all of his father's money. The hundreds of millions of dollars that his father transferred to goes bankrupt. Nine billion dollars by his own claims, bankrupt nine billion dollars. Chances are very good that he's exaggerating what he's worth now. He's probably worth less than he was when his father gave him all that money. Yes, Joe three quick points. One, we know that he wasn't just simply born with the goal spoon in his mouth, but a platinum spoon in his mouth, and he blew his inheritance and interesting sorts of ways to I'm reminded of Melville Herman Melville's eighteen fifty seven novel, the confidence, man. And that's what Donald Trump is since he looked. The phrase a while back, you know everything about him, his own self, Bod his own biography, the way in which you presents himself. He is a confidence, man selling selling a particular kind of snake oil to the country and to anyone who believe him who who might believe him. And what's interesting in the New York Times piece. The times even it mitts that it was complicit in building this image of him that he sold this to them and other people in the press. And then lastly, what is I think important here? Joe is that we see this history, this pattern, it's almost inherited tax right tax evasion kind of crooked MRs as laid out we see passed onto him, which means it's even more important that we should see his tax forms, right? Because more than lichen what he learned from his dad, we will find he did himself and he continues to do some someone call this really it matches the profile of man who has grown up with. Responsibility, just a wash and cash, no sense of right and wrong and brings this sham to the presidency were alternately possibly the emperor will have no close an attorney for the resident, released the following statement, the New York Times because. You know what I'm saying? Joyce reaction to your bad, really gonna William. You're gonna have to talk about that this this weekend at the holiday. Yeah. Well, we're smoking. We're We're gonna gonna need need to. to. Extra cards and this weekend again, a great coincidence. But we're talking about Melville and not the Melville book, the confidence man, right? The New York Times of fraud and tax evasion are one hundred percent false. The White House says and highly fan Matori. It was his attorney. There was no fraud or tax evasion by anyone. The facts upon which the time space it's false allegations are extremely inaccurate. All of state matters were handled by licensed attorneys licensed CPA's and licensed real estate appraisers who phone. Hold on. Like me was it was a license, this licence cheating for them. What's that? Who was which White House person had said that something was true because they send it certified mail. I remember is the guy that the crazy started fried certified healthiest guy ever. Exactly. It's all sort of the statement can tell us. President Trump had virtually no involvement whatsoever with these matters. The fares were handled by other Trump family members who were not experts themselves and therefore relied entirely upon the aforementioned licensed professionals should the time state or imply that President Trump participated in fraud tax evasion or any other crime. It will be exposing itself to always going to suit them to substantial liability damages for defamation where have we heard that before. Go ahead, Mike, Daniel, Goldman, let me ask you Donald Trump's sister Marianne is a sitting federal judge what if her name is on any of these tax returns that have been filed over the years that constitute fraud? Well, you'd run into a situation where the only way that a judge judge can be removed as technically through impeachment. But if there is misconduct by Maryanne Trump and we don't know all whether there is at this point, then it would be referred to a judicial committee to look into it in order to assess it. I mean, what we're seeing in this this piece, I think that's interesting is you guys have have really pinpointed some of the hypocrisy of Donald Trump being a self made man on the campaign trail. Whereas in reality, has father was his lifeline for all of his poor business dealings. But from a legal perspective, you see inflate over and..
"nine billion dollars" Discussed on Adventures in Finance: A Real Vision Podcast
"In two hundred nine billion dollars worldwide, and that those crust in terms of the amount of spending just last year and this is expected. The divide is expected to grow even more. And I mean, no surprises here. The the places that are going to be most benefited by the changing trend shifting trends are of course, Amazon or major market sellers online. And specifically, Amazon has been reaping such major winds here because most products searches starts on Amazon by ministers for I don't know a foghorn for ran order, dental floss. I dunno, whatever. If you search for that just bought a four cordless week. Okay, good. So, yeah, foghorn searches you start on Amazon, you don't Google it I. And so that's actually been growing quite a bit Recode. This really wonderful study and I put studying quotes because it was informal. We're, they looked at Amazon and the amount of ads that are placed on a page. And when you search for something like cereal the entire first page or a good portion of that first pages taken up by by ads. And so I did, I did my own search where I, I also looked up cereal and they're even more ads on that page than what Recode had found an advertising, things like breakfast, bars and all sorts of other things that you wouldn't necessarily. Well, I guess breakfast cereals, yeah, at least they were sometimes it's like a lot of bits of pieces of cereal kind of schmor- together. You don't have to have any milk run. Just pick it up golf. You don't even have to wait. Yeah, that's true. It's sort of a breakfast bar waiting for cereal. I feel like this is my head more has to do with some domestic issue and Rogers house clues. No-one staring at you saying bad boy, five minutes until your cereal. Go actually have all the food cereal is probably the quickest. What does this might want? You might just want to get after and kill. You'd have to pour it out and get the milk cleanup off towards. It's a practice ball that Cleese in the name, Roger lives a very efficient lifestyle. I think that's what we've learned today. Thirty seconds. No, Surrey bub. Yes. So what we do know is that spending on these sponsored products in Amazon search has increased by one hundred sixty five percent over the past year, and so that's just continually growing and it makes sense in the world, right. I mean, if people are going there to to buy a foghorn, why would you advertise anywhere else? Why? What it says they've such an ace in the hole. I mean, why would you advertise on television or even on the website, right. You want to make sure that I mean, it makes the most sense to advertise right at the point of sale. So you want when someone's making a decision, that's probably the best place to advertise. And so that's why, as we see ads shifting more online, we're going to have some profound effects and a lot of other businesses. So we oftentimes think of TV. As a business that's going to be heavily impacted by this. But there are other businesses and actually a big business that will be affected is your local grocery store. And so we're going to go down this. So for all our listeners, I want you and actually, Alex and Roger, we can all do this together. So I want you to close your eyes and imagine you're inside your favourite grocery store k and you're walking down the aisle. This, let's say it's the cereal aisle. So what do you see? So maybe on the right, you'll see some Cheerios and on the left, you'll see some frosted flakes what do you guys see? Family pet Calix. Okay. Alex. I'm ashamed, Bella my favorite grocery stores. Oh, okay. Is something organic? Yeah, we don't want to hear that. We don't..
"nine billion dollars" Discussed on KFI AM 640
"Nine billion dollars right does this require a two thirds vote it does it does and thankfully their short a supermajority but the senate has to hold strong the senate he asked senate republicans have to say no more new taxes we want nine eleven we all public safety but you can't keep charges for the same thing i kind of lost track because he had a number of politicians retire over sex scandal issues well how many republicans do do they need to pass this too they need to republicans two so you know i i just want to make sure that this isn't done is another budget deal behind closed doors and all of a sudden pops up without notice i wanna make sure the public understands what they're asking us to do sitting on this surplus and when you're thinking in november of are you wanna be just remember all those folks that can't get enough of your money so they already take nine one one money from the landlines right that's correct and they and they have a small portion from the cell phones but this is a whole new additional tax of sixty million dollars and this would be tat we'd be taxed monthly on our bill every cell phone in california and again the senate to us as it will just be a small amount right well how many times do we have to pay for the same damn road how many times do we have to pay for the same damn sell on nine one one services luck i get government costs money but i wouldn't be pirates raiding my little ship for all for all my money every i just don't understand why they even need it every year though i mean it software upgrade is a once in a in a in a in a while thing that you'd well you know you need sixty million every year to upgrade nine one one software that just doesn't seem right well it isn't right and that's why i'm so angry you know go through this next year when they have a surplus of our cell phone money then you'll find it making more bike lanes in your backyard i mean this is nonsense that goes on nobody holds anybody accountable and sacramento and that's why i'm grateful that you both are on the air okay you hold us accountable all the time all right well it now we know and it's because you sent us this press release we had no idea about it no i know you guys are still in session for a few more weeks so they're going to try to work this through they're looking they're looking to put it to bring it to the floor is soon as they think they have the votes and then they're gonna push it out the republican leadership is going to push out the idea and the next week that we want it taken from the general fund and then if you're short money let's visited after we've already purchased the software from the general fund we don't need new taxes to it we have a dime billion dollar surplus and i don't know how you know what i always like to do is for the babies right it's for the school children it's it's yeah you can't cure cancer quit trying to extort me outta my hard earned i don't i don't believe any of that before in fact as soon as i hear it's about children or animals or women's health or whatever whatever the shield is they put up to try to get you into the tax i just flat out don't believe it anymore i figure that they're pulling escape so this past the assembly yet you know what i think they'll do it concurrently but they still have a twothirds in the assembly so i don't think that way it's it's a standalone bill or is it tied in with something else that everyone's afraid to vote against it is right now it's a standalone it's a budget bill no bill assignment it's just going to materialize and then be voted on all right so let us know if there's any movement here and if there's any wind on which republicans are gonna stab.
"nine billion dollars" Discussed on AP News
"Supreme court retirement i'm to mcguire with the ap news minute supreme court justice anthony kennedy's decision to retire provides president trump with a chance to cause a major shift on the court george rushing university constitutional law expert jonathan turley anyone who's even slightly more conservative than kennedy could have cascading impacts across a dozen area areas of law trump says he's already begun the search for kennedy's successor and senate majority leader mitch mcconnell says a vote could be expected in the fall a hit and run driver smashed into five people including two children riding in a pedicab today along san francisco's waterfront hospital official says a man is in critical condition they're still looking for that driver man's plan to take videos up the skirts a women and at madison wisconsin was thwarted when a shoe camera exploded police chief mike kovalev says in a blog the man wasn't arrested because he hadn't taken any videos before the cameras battery fizzled i'm tim maguire the new version of the most commonly used tax form is smaller but as a piece my graduate reports itemized we'll still have some additional paperwork the trump administration's tax overhaul is going to deliver on its promise of reducing the commonly used ten forty income tax form but filers who want to claim many popular deductions we'll still have other paperwork ahead of them a draft copy of the new ten forty form given to the associated press by a staffer on the ways and means committee is just a double sided half page but the tax policy center estimates about nineteen million filers will still be itemizing and they'll need to fill out from one to six additional forms the treasury is expected to unveil the new form this week mike rossier washington a major merger in the frozen i'll area is marrying marie calendar and hungry man frozen foods conagra is buying pinnacle foods for about ten point nine billion dollars conagra owns the banquet healthy choice and alexia frozen brands while pinnacle owns bird'seye van de camps and mrs paul's the deal is the latest shift in the reconfiguration of the us food industry big food makers are being pressured by smaller companies that market products as being healthier conagra says the deal is expected to close by the end of the year it's still needs approval from pinnacle shareholders nearly a dozen people are hurt in eastern kansas after a tornado making weather system tore through the area and other parts of the midwest in the small town of eureka about sixty miles east of wichita christian lease tell ktvhe the head to think that heard the sirens go off and then after i heard the sirens go off k i gotta get a plan of action and then he says it hit i heard this like a train coming through back door started vibrating when is this going everywhere so i was watching at the front door and i was just praying to god that everything everybody was okay high school along with several homes and businesses were damaged and the governor has declared a state of emergency welcome to total wine and more i challenge you to wine tasting showdown maybe we should just explore some wine if you come blow me away with the wind you must admit defeat sure try this cabernet sauvignon my thoughts out of this world and always at the lowest price let's get this cockfield explore eight thousand wines and twenty five hundred years like delicious wines that now come in canes or shop online at totalwine dot com total wine.
"nine billion dollars" Discussed on WLS-AM 890
"Forty one point nine billion dollars but for him nine hundred million dollars is a rounding error nine hundred million dollars that's right pinky up to the corner of the mouth nine hundred million dollars to him was just a rounding your amazon founder and ceo jeff bezos the wealthiest person in the world is richer than he has ever been before since june first now what's the day today they had june nineteenth since june first the tech titans net worth has grown by over five billion dollars and now totals one hundred forty one point nine billion dollars going to the forbes world's billionaires list that's that's not a good name for list for abs world's billionaires list that's not good the first three words and with s thus making it very cumbersome that makes visas worth worth roughly forty nine billion dollars more than bill gates now see i you know i'm a man of simple needs the mir nine hundred million dollar rounding error would probably get me through the summer and the forty nine billion dollar margin that he's got over bill gates i i'd buy a yacht i think i think if i buy a yacht in an airplane and i'll call you guys forty nine billion dollars more than bill gates in about sixty billion dollars more than warren buffett.
"nine billion dollars" Discussed on WAFS Biz 1190
"This is the bloomberg yesterday there were two massive trades actually three massive trades in the largest high yield bond etf's the first one the symbols easy to remember it's junk without the u j and k junk is a nine billion dollar etf yesterday it absorbed two huge trades totally nine point seven million shares or three hundred and fifty million dollars what does that saying somebody is bailing some big institutions are failing on junk bonds now listen in the etf crowd and in the asset allocation crowd junk the other one is h y g which is the high yield corporate bond etl that doesn't sound too noxious on the surface does it oh i can get a high yield corporate bond no where do you find that term junk i don't know.
"nine billion dollars" Discussed on WAFS Biz 1190
"This is the bloomberg yesterday there were two massive trades actually three massive trades in the largest high yield bond etf's the first one the symbols easy to remember it's junk without the u j and k junk is a nine billion dollar etf yesterday it absorbed two huge trades totally nine point seven million shares or three hundred and fifty million dollars what is that saying somebody is bailing some big institutions are failing on junk bonds now listen in the etf crowd and in the asset allocation crowd junk the other one is h y g which is the high yield corporate bond etl that doesn't sound too noxious on the surface does it oh i can get a high yield corporate bond no where do you find the term junk i don't know.
"nine billion dollars" Discussed on KQED Radio
"And other smart gadgets as computing devices which they are windows at around eleven percent the mobile revolution was on and microsoft was very late to the barricades steve bombers solution finally was to buy the phone business of the finnish firm nokia it wound up costing roughly nine billion dollars the nokia purchase was sort of not mine time it got done i recommend it to our board in june of two thousand thirteen are board turn me down i got kinda riled up about that topic and i didn't think it was handled well there's one thing to turn me down was another thing the way it happened so anyway i was a little upset about it but then after i made clear that that it was time to go find a new leader came back and said let's go ahead and buy it and by then they knew i was going to leave and they still wanted nacchio purchased okay so this is strange steve bomber wants to buy nokia to help revive microsoft the board says no bomber feels mistreated not long after he says he's stepping down then the board says yes which puts the nokia deal on the desk of the new ceo which was saatchi and adela ceo microsoft in february of two thousand fourteen sachin adela became just the third ceo in microsoft history after steve bomber and co founder bill gates the della was a relatively low key insider not the shake things up outside or some people thought microsoft needed he was an engineer we'd been with the firm since one thousand nine hundred two and ultimately been brought onto the senior management team his mission then to help microsoft adapt to a world driven by mobile and cloud computing steve bomber your predecessor famously pushed to.
"nine billion dollars" Discussed on No Agenda
"Whereas the mom point nine billion dollars penny small heads were coming to do it you watch jobs jobs and jobs that's vote for jobs you've got karma thank you sir do good old days that's what those guys in the chat room we're talking about the good old days when we talked about zeke and zeka well he is making that comeback for the cdc yeah john fitch patrick keepers springs arkansas three seventeen eighteen is beautiful area of arkansas love this show the donation takes me over the edge of night knighthood counting below please night me sir john knight of saint patrick patron saint of engineers is that true don't know is not my pleasure to call out my son who rightfully hit me in the mouth so many moons ago and news now gainfully employed as a dude named ben as a douche bag thank you for your again j and k of possible like to have an onion rings an ice cream at the feast of the round table okay interesting combos that's something we is there a story behind that we just did try it or i i can imagine is pretty tasty okay it's on the list thank you i'm sure the nights and of the roundtable will enjoy trying it and we try all food at the roundtable so jeremy johnson at port angeles washington one of our port engine lean owes to twentysix sixty nine on hope he can make it to the seattle meet up.
"nine billion dollars" Discussed on Connect FM
"Folks have android the non i phony group their company alphabet has received approval to send its project luhn lte balloons to puerto rico and the us virgin islands to provide cellular service to those resident it was estimated that eighty three percent of the area's cell towers are still down due to hurricanes and these high altitude weather balloons can act as replacements for lost services so that's pretty cool i like how alphabet is stepping up now who knows are probably going to be charging the government of fortune for it but the fact that they can do that and if it gives people the opportunity to stay in touch we've got several friends with family in puerto rico and and that we have an affiliate in puerto rico and a lot of listeners there and we hope if you're hearing the show that you're doing okay but if this is going to help you who would have thought the name project luhn would help you but there have lt e balloons that they're going to put up there like weather balloons and you'll be able to get sell signal back and forth i hope that will help a lot of folk and another global news a bombshell appeared on the dow jones financial news wire this week google to by apple for nine billion dollars evonne yet but the story that the acquisition had been suggested in the will of apple cofounder steve jobs was bogus it was removed after two minutes though apple's shares did briefly rise in value and that'll tell you something about all the way they they feel that apple that that the shares would go up if the here a lot of shareholders going yes the dow jones said that the news appeared as a result of a technical error and should be ignored the i must have been working at iowa's eleven year the unintentionally published fake news described the acquisition as quote a surprise move to everyone who is alive and quoted google employees as saying uae it also stated that gugel would move into quote apples fancy headquarters a statement from the firm which is owned by news corp said that the.
"nine billion dollars" Discussed on Bloomberg Radio New York
"Some sixty nine billion dollars a venture capital money was invested last year that's according to the pitch vuk national venture capitalist says it's a lot of money gun to a lot of ideas some will make it many will not our next guest is written a book the innovation blindspot why we backed the wrong ideas and what to do about it with us is ross bear he's president and founder of the vc firm village capital group he joins us on the phone from alexandria virginia ross of great to have you here with us tough opened about two agar books and why you wrote it and what you were kind of what was your mission with it thanks for the invitation when i either you could the american dream you're in october you work hard you have a great idea you can make it happen but in in reality rock bakery that i am could our grander virginia and our our our work closely with a company that earns probe over dinger called win three but it is an example of what i call but a problem in american entrepreneurship daughter went through the guiding varying amorin he's a he's an immigrant youth her to go to college any a company to help people get out of personal debt when he went to raise money you could 100 people mailed put now are either the company would really really good guy after he and could work on their capital innovation at all about patternrecognition and people clocked robbed it wickettaker i'm a black guy i wouldn't put forward during a and i'm called in poor people grovel i'm oprah three there are thousands of various across the country that because of who they are aware they are the problem at work they're working on government the venture venturecapital pattern and we're really missing out that's fascinating so tell us you know i love knowing about the people in the things that were missing um you know when you look at where the money's going in venture capital right now what's the wrong stuff that's being backed nearly eighty percent of venture delicate map the.
"nine billion dollars" Discussed on Sit and Spin Radio Network
"And longer term threat saudi arabia and other arab neighbours along the persian gulf believe iran to be their biggest threat the package includes one hundred nine billion dollars in acquitted such as tanks ships patriot missile batteries and terminal high altitude area defense or thad systems for taking out incoming missiles some seven hundred and fifty million dollars will be in the form of training programs for the saudi your air air force which has been criticised for infant afflicting high numbers of civilian casualties in yemen training will include education on targeting the laws of war and reducing civilian casualties officials said a head of the weekend announcement the administration separately informed congress on friday that it will sell some five hundred million dollars worth of precisionguided munitions to saudi arabia these included laserguided pave way eleven bombs and jade them kids for converting on guided bombs into smart bombs in notifying lawmakers the state department said them munitions will improve saudi targeting ability particularly to yemen the department said it would continue to urge saudi arabia and its coalition partners in yemen to reduce civilian casualties and work toward a truce and peace negotiation that seems to be a big goal of his trips overseas also peace in the middle east so we will remain vigilant about what's going to happen here i have video from trump saying our partners must show that their partners and must contribute financially maybe that explains exactly why we are allowing the sale to saudi arabia take a lesson.