35 Burst results for "One Hundred Billion Dollars"
G-20 opens with call for more vaccines for poor countries
"Its lease prime yeah Mario Draghi has called on the world's richest nations to pick up the pace and getting Kevin nineteen vaccines to poor countries Draghi his the host for the two day group of twenty summit to rhyme said that any three percent affects native in the poorest countries while seventy percent in rich countries have had at least one shot these differences are morally unacceptable and undermine the global recovery global health and the economy all themes running throughout the summit as world leaders will grapple with the same issues ranging from climate change vaccines economic recovery an international taxation for rich countries vaccines and stimulus spending have restarted economic activity unfortunately no income developing countries don't have the resources to jumpstart their economies as they struggle with vaccinations and financing French president Emmanuel McCall said he expects the G. twenty to come from an additional one hundred billion dollars to support Africa's economies I'm Karen Thomas
Guterres Condemns Yemen Executions by Houthis
"U. n. secretary general antonio guiterrez on monday urged world leaders to take action to get sustainable development back on track before it's too late to change course at a meeting in new york on the sidelines of the un general assembly. He insisted that the road to recovery after kovic was mapped out clearly highlighting several challenges. The un chief said that corona virus vaccine production needed to double to reach seventy percent of the world's population by the middle of next year. Bold investment was also needed in education welfare protection healthcare and jobs. Mister guitarist continued at the digi moment. Event as he urged an end to tax evasion money laundering and illicit financial flows the third global challenges ensuring equal rights for women and girls including in education everywhere. The un top official maintained as leaders heard his call to put an end to the warming lead against a planet. The only way to do this by committing to zero net emissions by twenty fifty said mr perish by dedicating one hundred billion dollars a year to climate action and by saying no to more coal-fired power stations after twenty twenty one
Why Fertilizer Is Such a Big Climate Problem
"Us an overview of the fertilizer market as it stands today jordan so the fertilizer today largely defines three major farm inputs. You have nitrogen phosphorus and potassium as well as a variety of other micronutrients in addition to those three macronutrients By far the most important is out of the first the nutrient nitrogen which is extremely important in supporting our global food system and You know there's a study by mit that says without Without the production of these nitrogen. Fertilizers you could only support about. Three billion people on earth and so This marketplace is commensurate huge. So it's it's over one hundred billion dollars if you include the distribution costs just for nitrogen fertilizer. It's it's composed of several hundred very large factories. And sometimes these larger are called world-scale factories that produce a chemical known as ammonia which is today and has been for the past one hundred. Twenty years defeat stocked. Almost every single other type of nitrogen fertilizer fertilizer starts at these factories and then has to get From from only a few hundred factors to multiple billions of acres of farmland. And so it's a it's extremely complex. Oftentimes it's hazardous to ship it and it's costly and at the end of the day A farmer gets a ten fertilizer or a bag of solid for lahser on a his or her farm.
Child Tax Credit Checks: Will They Do Enough for America's Impoverished Kids?
"Nearly twenty percent of children in the us live in poverty in fact the us is ranked one of the worst countries in the western world for child poverty rates and this of course puts children and their families really terrible situations every day. Things will only getting west. During the pandemic and in response congress significantly expanded the child tax credit that expansion was extended on president biden and starting next week. Millions of parents will get monthly payments throughout the rest of the year. The net result of all that is we're gonna cut childhood poverty in america by almost fifty percent this year. This is senator michael bennet of colorado. He's pushing to have the expanded child tax credit made permanent and he's working with the by the administration to pass legislation. How expensive would this be. It's about one hundred billion dollars a year. that's a lot it is childhood. Poverty is which dillard cost us a trillion dollars a year. So i think this is money very well spent that trillion dollars. That he's talking about is the estimated amount the us spins every year of combating child poverty and its effects like health problems employment problems later on housing insecurity. Here's the thing about this program. Though the child tax credit does not just go to families who live below the poverty line or even near the poverty. Line the money also goes to families who make middle and even upper middle class incomes which seems a little strange right like if your goal is to reduce child poverty and you only have a certain amount of money to spend. Wouldn't you want to target that money to get as much of it as possible. Exactly to the people who need it. The most instead of giving some of the money to people who aren't in great need and in some cases are financially. Pretty well off.
What Farmers Need to Be Modern, Climate-Friendly and Profitable
"With me today. Is beth ford. The ceo of land-o-lakes a farming cooperative that works across the united states and in dozens of countries around the world. And she's gonna share with us her vision about how to create a better future for farmers. That's both environmentally and economically sustainable. Hi thank you so much for being here face for the invitation. I'm looking forward to the conversation. Let's first talk about the broadband issue. At how big of a problem is this. And how does it affect the farming community. Both as as you said as families and as businesses so the estimates have been that eighteen million americans lack broadband access. Fourteen million are in rural america. Now having said that the broadband. I'm trying to remember what the name of the organization is did a study and they actually say the numbers more like forty two million and the reason is the is inaccurate. So what could happen is let's have a seven eleven and a town in that has wifi or broadband access because they laid a line it would show up on the map though that largely has broadbent and it does not in so it's a significant issue. Think about the education of your children. I know you have three. I have three and they're you know many of them were doing remote schooling will. What's happening on the farm. This is legitimately. what's occurring. Is that the teacher from the town. Is driving paper homework out to the farms to give them the homework so that they can continue to go to school and and that's just one example of many and so this is a major challenge because if we don't have basic wiring we can say we. We need like a nineteen thirties rural electric initiative where we go across the country. And we make this. This should be a right. This should be something that is a basic like mail delivery electrcity. This should not be Just for those who have and the scale of it is estimated to be eighty to one hundred billion dollars to close this gap but the challenge of that is that You get the funding and then how is it implemented
Amazon's Profit More Than Triples as Pandemic Boom Continues
"Amazon says its profits more than tripled in the first quarter for the second quarter in a row Amazon posted revenue of more than one hundred billion dollars it is one of the few retailers that has benefited during the pandemic as brick and mortar stores were temporarily closed people stuck at home turn to Amazon to buy groceries cleaning supplies and other items with pandemic restrictions loosening the reliance on Amazon doesn't seem to be dying down Amazon expects revenue numbers to stay high in part because it plans to hold its popular prime day during the quarter Amazon didn't specify a date for prime day but said it would happen before the end of June I made Donahue
"one hundred billion dollars" Discussed on The Strategists
"Basically learn a lot like. There's not a lot of mystery still to come in the budget as a result. I'm sure there are some. I'm sure there will be you know there is money that's been identified as just like almost like not a slush. Sorry almost well. Yeah i mean that's kind of negative way to look at it or it's probably the accurate way to look at it. But i feel like green. Spending has not been articulated by that. It feels pretty articulated. Doesn't it carter interesting. do you feel the same. Let's start there two coreys corey's question i don't think those rhetorical so let's start there it titillated to you and then i'll jump into to my question of are we heading into an election carter or do you think there's more to come. I think we're heading into an election. But i think that the the challenge for the trudeau government is that this budget didn't align with the cova schedule. The covid schedule has knocked budget. A little bit off track. And that's put put the election call on a different pathway. Then perhaps they would have wanted now. I suspect that if you. I mean i am really interested. At one point. We speculated when when there could be an election and we talked about a candidate today you know kind of his our our third you know kind of kind of wouldn't it be fun to call an election on canada day. Now i just wanna make mentioned you were also the guy who said. Wouldn't it be amazing if trudeau ran an election during the us election in parallel. Just so let you know. I just want to let you know that candidate was one of the dates. That was that was another offer to the general public carter. I i think i've largely walked away from thing. Of course we don't have summer elections. But what if we did something where what if. What if something where. He called the election in the middle of august for early september. It really doesn't give you that much time to kind of moves past. what is come in right realistically. The summer is going to be. Lost are not going to be talking a lot about politics during the summer. So why not call it a little bit earlier Get it out of the way instead of having to wait longer. I think that he can't call it while ontario bc l. berta and quebecer on fire with covert. But he certainly can think about different and creative ways to get himself to that election. I do feel like this is an election budget. And i do think that there's still i don't want to call it. Slush funds but but there are still funds to be allocated especially around the recovery in in the back of my little head and it was about one hundred billion dollars. That's in the budget. But less articulated and i think you know it used to be the one hundred billion dollars was a lotta money so you can do a lot of things with one hundred billion dollars so i would think that if we're if he's spending one hundred billion dollars in the pandemic is I don't know. I don't wanna say over. But all but over one hundred billion dollars can go a long ways towards recovery wanted jumping. Yeah i was going to say one of the things. That's not in the budget at least in any kind of large amount and it was one of those things. People thought might be is infrastructure spending. There's there's not a lot of mention of infrastructure spending now. There's two ways to read that one is the message that the government has largely blood out there. Which is well you know. This is actually not a great time. for infrastructure. spending. The cost of inputs is very high..
Coinbase IPO: Here's What You Need to Know
"Today's most important story obviously is coin. Based going public and direct listening potentially valuing the company at sixty five billion dollars or more as it becomes the first major crypto business to go public in the united states investors hailing it as a bit of watershed moment for crypto attracting investors encouraging institutions to play in the crypto space and some recent private trades have valued the company at almost one hundred billion dollars. Of course this morning on squawk box co founder and ceo. Brian armstrong talked about the company's connection to crypto. Here's what he said. We're also might follow an index to bat or eleven bet on the crypto space. More broadly. Because we're kind of selling picks shovels. We're helping people access and use this new technology. So i think we're gonna grow along with the crypto space but if we keep growing share then we'll sort of be an addition of of that on top of the price of crypto hopefully
Hawley Proposes Antitrust Legislation Aimed at Tech Companies
"Us senator josh hawley. Republican from missouri is trying to get his name in the paper again and by. Golly it worked. Oh not for supporting insurrection. This time rather a piece from apple insider says hollies proposing legislation that would block any company with a market value of more than one hundred billion dollars from conducting mergers and acquisitions citing a report from axios. The piece goes on to say holly's trust busting for the twenty first century. Act would reinforce existing antitrust laws with steeper penalties and a lower threshold for prosecution mullen number of industries would-be affected including pharmaceuticals apple insider sees the thrust of the proposal is aimed at big tech. The peace as the senator has been on the attack against tax and major platforms were accused of censoring republican voices.
Coinbase Going Public Is the Bitcoin Bull Market's First Big Test
"This week on wednesday april fourteenth coin based will go public via direct listing on nasdaq under the ticker coin. The public listing is incredibly highly anticipated. By the crypto industry of course but also by wall street coin basis q one numbers were absolutely monster and saw some analysts revise their predictions for shares anywhere from hundred ninety five to four hundred forty a share even before the cuban numbers came out somewhere anticipating a one hundred billion dollar valuation. Now that number has crept up f. T. x has listed pre ipo contracts. And say the current trading implies evaluation of around one hundred forty billion to be fair the has been insane as low as nineteen billion to as high as over two hundred billion. I think however in many ways this event is taking on an even greater significance than just a high number and it certainly a bigger deal than just for shareholders of coin. Base in my estimation the coin based direct listing is this bull markets. First big test.
TSMC to Invest $100 Billion in Chip Fab Capacity
"Tsmc plans to invest one hundred billion dollars over the next three years to expand its chip fabrication capacity. The company already announced a record capital expenditure of as much as twenty eight billion dollars this year and it's unclear how. Tsmc will finance the move.
Stablecoins in the Hot Seat: Powell Calls Bitcoin a Substitute for Gold
"There was an absolute flurry of content and commentary yesterday around the place of bitcoin. Stable coins defy and the digital asset industry as a whole vis-a-vis. Us government regulation as well as how a digital dollar might shake that all up before we get into it. Let's at the terms of the debate. One of the competitors for this cycles top fudd is the government will ban it if it gets sufficiently threatening now to be clear banning depending on your sister could mean anything from an outright ban of use in holding too forceful seizure too limiting access to on and off ramps to the more benign from a commercial standpoint but no less threatening from a privacy standpoint integration of the full crypto infrastructure into the am l. kyc. Money surveillance apparatus. I've spent some time on this show looking into global versions where this fudd seems to be playing out in particular. We've been watching the evolving situation in india and nigeria india which seems gearing up for a bill that would have some sort of outright ban although at least one finance minister says that that's not the case and nigeria. Where the central bank of nigeria. I reiterated that banks should not be working with crypto users which they've then subsequently rolled back just a little bit either way however really what everyone has been focused on is the us particularly in the context of a new administration. The last administration had friends and foes alike when it came to bitcoin and crypto trump. Famously tweeted that he did not like bitcoin or crypto. But we didn't really take that seriously as a threat because it was so clearly about zuckerberg and libra mnuchin was a much bigger enemy. Probably wrote that text for trump's tweet even and clearly wanted to tighten the reins in his final act. He was trying to require exchanges to collect more information. When users transferred crypto to their own wallets on the flip side however there was brian brooks who was absolutely revolutionary at the office of the comptroller of the currency. The changes he oversaw are a huge reason. Why so many big institutions are now playing in this space. Why so many big traditional banks feel like they have to race to catch up to allow people to offer their customers crypto services however as we know from physics every action has a reaction and to some extent one reason why observers are so keenly watching the biden administration is to see how much they're going to respond or try to walk back with brooks in the occ changed on top of that. As the biden administration has come to power the price and volume around bitcoin stable coins and the rest of the digital asset industries have made them much more on ignore -able last time joe biden was in office. Bitcoin is about four hundred and thirty bucks. Now it's been over fifty thousand dollars for sixteen days in a row tether was barely out of diapers now. It has a market supply above forty billion in his doing upwards of one hundred billion dollars in volume per day combined with us dc. And you've got over. Fifty billion dollars of usd approximates there so lot more is at stake with that. People have been watching. Two things has come in and what they're saying on the who has come inside. Janet yellen is back for another round although this time is treasury secretary rather than as he chair gary genzer to is back. Although this time is as he c- chair. Instead of cftc chair of these two there is much more optimism around gessler who has done a pretty fair bit of work to understand where the crypto industry is coming from even teaching a course at mit about bitcoin and blockchain. And of course we have someone who still around in the form. Of jay powell. The federal reserve chairman. His ex factor. And all these discussions is the potential of a central bank digital currency a digital dollar. That could potentially shift the us's relationship with these projects now in terms of what we've seen these actors say so far over the last few months up until now it's been pretty standard fare one part. There's a lot of exciting potential here. One part we have to protect investors though and one part but it's also used by criminals over the last couple of days however we've gotten both comments and news that could shift as into our next phase of understanding what the us is relationship with. Bitcoin stable coins and other digital assets is going to look going forward. So let's talk about powell speaking about cdc's and cryptos at a bank for international settlements panel yesterday. Let's talk about the announcement of digital dollar prototypes coming this summer. And let's talk about new draft fat. If guidelines around cryptocurrencies. I up powell. Did a session yesterday with leaders from the bank for international settlements including augustine carstens. We talked about last week. He was asked about crypto currencies. And whether he saw them as a threat. And here's what he said. We call them crypto assets. You know. they're they're highly volatile. See bitcoin and therefore not real useful as a store of value in there not backed by anything. They're more of an asset for speculation. So they're also not particularly in use as a means of payment. It's more speculative asset. That's it's essentially a substitute for gold rather than for the dollar. And i think with crypto acids the the the public needs to understand the risks. The principle thing is there's the volatility there's also the outsized energy requirements requirement for for mining. And the fact that they're not backed by anything so let's break out these three reasons that he wasn't particularly impressed by cryptos. I this idea of volatility or that. It's just an asset for speculation. Basically he's dismissing bitcoin and any other crypto as something that he does not have to stress about or really factor into his consideration around global monetary competition while many. Bitcoin is grabbed onto the essentially a substitute for gold piece as a great tweet and knocked to the gold bugs. Who they're trying to convert or at least undermined powell was saying this more. Like a giant shooing away. A fly gold is to him clearly. Irrelevant an unimportant antiquated part of the fiat system that he sits at the helm of in that way a substitute for that thing does not present a threat
When Currencies Fail: Bitcoin Google Searches in Turkey Rise 400% as Lira Crashes
"Let's move to our main discussion and there are really two parts of the story that we're going to cover. The first is the devastating crash of the turkish lira. The second is the response of people in that country who found their money worth dramatically less than it was just a few days before first of all what happened between sunday evening and monday. The turkish lira fell as much as seventeen percent against the dollar ultimately landing around ten percent down. Turkish stocks also crashed the benchmark borsa. Istanbul one hundred stock index was down as much as nine point four percent which is the biggest sell-off since june. Two thousand thirteen. The nasdaq listed shares. Msci turkey efl seventeen point five percent pre market in the us. The cause of all this on early saturday morning. Turkish president aragon unexpectedly fired nasi ball. though central. Bank governor who had been appointed in november at the center of their disagreement was how to approach inflation. So let's step back and actually look at the scenario inherited oddball. He was the third central bank governor in two years in november the year that he came to power the annual inflation rate was fourteen point zero three percent. According to the turkish statistical institute by december it was up to fourteen point six percent now these are just official numbers and some argue that it's actually much higher on november twelfth twenty. Twenty johns hopkins. Economists hanky tweeted everyday. I accurately measure inflation in turkey today. Measure it at thirty five point six one percent this year as opposed to the official number of eleven point eight nine percent after that fourteen point six percent number came out in december. He said that it was actually twenty. Five point eight five percent per year even holding that aside if you just take the official number nearly fifteen percent inflation a year a staggering that means a having of your purchasing power every year and this has been going on for a long time sue from three hours capital tweeted last night fun fact. The reason turkish lira is t. r. l. is because they've already redenominated before due to massive hyperinflation. Let's add a little more color than about the previous year and a half. The central bank had been keeping interest rates low or at least below consumer inflation. And as we've discussed before on this show. Negative real rates mean investors are discouraged from holding that sovereign debt as well as from holding lira or lira-denominated assets. These have been the policies for eighteen months or more and by fall. The currency was at all time. Lows added to. This fire was the way the turkish central bank had been trying to prop up the lira. Selling more than one hundred billion dollars in us foreign reserves in order to keep the lira from completely cratering in the process this destroyed and depleted their foreign exchange reserves and lead them to actually owing more dollars to turkish banks than the central bank actually had determined. Opposition leaders ask for judicial probe into the official reserves as of november. The country looked to be heading to a full on balance of payments crisis. And on top of this there have been major questions around the independence of the central bank from president. Aragon aragon infrequently given the central bank direct monetary policy instructions had dismissed two governors in the previous sixteen months effectively. When we really take a step back. Turkey has been on the see-saw between currency crisis and inflation. On the one hand and massive austerity and growth slowing interest rate hikes. On the other a currency crisis twenty eighteen led to increase interest rates. And by summer of the next year aragona points quote a friend to cut rates by mid-november when oddball came in it was a swing back to the interest rate hikes austerity side of the pendulum. The first act of akbal as he came in was to immediately raise the central banks one week repo rate which is an interbank lending rate from ten point. Two five percent to fifteen percent now. Interestingly this had started to work things were looking more positive from currency perspective at least in early. Twenty twenty one. Daniel call tweeted this morning. The turkey central bank helped make lira one of the best currencies versus the us d- in twenty twenty one curbing money supply growth via rate hikes helping reduce inflation. The turkish lira was up three point zero seven percent from december thirty first twenty twenty two march nineteenth. Twenty twenty one. It had been down twenty percent the year before it also saw something like fourteen to twenty billion of foreign fund inflows into turkish assets over that same period which reversed years of the opposite direction. Basically the interest rate hikes austerity were performing well in the context of global currency markets. But ogbah clearly didn't believe inflation was getting under control to the degree that he wanted to. He raised rates again to seventeen percent and then finally on the thursday before his dismissal raise them much more than expected to full. Nineteen percent and so the pendulum is swinging back again from interest rate hikes and toward at least in the minds of investors runaway inflation. The newly appointed governor saheb cops. Yo glue said that beating. Inflation is the bank's main objective but also said that they're committed to lowering borrowing costs and bolstering growth. Money managers. basically think he's going to be forced to lower interest rates and accept currency depreciation and indeed the other place. This is showing up is in the cost of insuring. Turkey's government debt against default the price of which rose more than fifty percent over the weekend. What's more this move. And the switch. From ball to cops iaglu super reinforces the narrative that central banks lack independence from erdogan. As well casio glue is a party. Loyalist bloomberg's chief emerging markets. Economists said quote the hit to the central bank's credibility and independence can't be overstated to gone has battered the institutions with interventions that have repeatedly financial markets. Were willing to give ball a chance. His successor will find it hard to build that trust again. So let's talk now about the other dimension to this that you might have caught if you were on twitter. Google searches for the term bitcoin in turkey more than quadrupled over the weekend after akbal sacking wise. That happening while one part of it may be the idea that bitcoin provides in inflation hedge and just a different currency to get away from lira volatility. Which by the way all it using bitcoin to get away from volatility where they don't tell you when they're trying to critique bitcoin is that people can stomach more volatility if there's some possibility that those seventeen percents swings or also to the upside as well but the other part of it is that as i mentioned the new governor has said that they are committed to fighting inflation but doesn't want interest rates to be the tool because they messed with growth. What are there other tools then. Bing bing bing capital controls restricting the flows of capital out of lira and lira-denominated assets so one question might be alongside. Google searches is are we. Seeing an increase in exchange activity owner goes pack. A consultant at the bbc turk pro exchange said that there was a spike in volume and that it was four both usd t tether as an alternative to us dollars and bitcoin on btc turk the bitcoin turkish lira pair has the highest volume with the tether turkish lira pair being the second highest now. This situation is going to evolve a lot. And i think on the one hand you have to just heartbroken. For the turkish people who are stuck between the whims and machinations of politicians and global economic flows that they have no control over when it comes to how much this new set of crypto and digital assets can actually help them escape from those pains. I've said numerous times. One of them remarkable things about this moment isn't that bitcoin and digital assets are going to save everyone from the follies of local currency regimes. That's just not realistic yet. What's remarkable is that for the first time ever the entire span of human history. There is a convenient easy permission. 'less ramp from those regimes for those people. Who have the technical know how to do it. The number of people who have that know how is an ever expanding group and that means that bitcoin and digital assets at an x factor to every single currency crisis. From here on
VP Harris, Jill Biden hit the road to promote relief plan
"The by the administration has kicked off its effort to highlight the Kobe to relief plan fanning out across the country to promote the massive loss benefits at the White House help is here hope is here in real and tangible ways president Biden touted perhaps the two most tangible shots in arms and money in pockets saying the next ten days will see one hundred billion dollars in direct payments delivered to Americans and one hundred million vaccine doses administered since he took office while he'll hit the road tomorrow Air Force two headed west it's funny place president Heris watch medical students administer shots at a Las Vegas vaccine clinic all are the heroes of this moment other administration officials are also taking part in what the White House calls the help ease here tour sadr mag ani Washington
Stripe valuation soars to $95bn after latest fundraising
"Kicking off with the weekend. The biggest by far was at stripe finally closed that enormous round of funding that we heard about a couple of months ago now the new investment and unnamed round of capital if you will is worth six hundred million at ninety five billion dollar valuation now my first impression was that surely surely this is the last time stripe raises before it goes public but then i remembered this is stripe so it may not be now. The browns near the top end of its previously reported. Seventy billion to one hundred billion dollar valuation range that bloomberg reported back in november. So we can presume. It was at least reasonably competitive at that price which is pretty crazy. The brown set stripe up to be worth of course more than one hundred billion when it does go public. The only other company that i can think of. That's private that is about to go public. That is worth a similar amount of money. In theory possibly is coin base out and stripe did release some growth metrics as part of its funding. News they are very very milk toast but here they are. It has more than fifty companies that process more than one billion dollars a piece on its platform and that it's quote enterprise in quote revenue is its largest and fastest growing revenue slice and the enterprise rev more than doubled last year. So that means the strub grew at least fifty percents in two thousand twenty but probably less than one hundred percent. If i'm doing the math correctly and by less than one hundred percent i'm presuming start didn't grow revenue by one hundred and seventy percent last year.
Why Square Stock Dropped Today
"Came in solidly higher-than-expected shares of square though are down seven percent this morning. Because growth is slowing. There's always a lot to get to with square so when you look at all the numbers. Tell me what stood out to you. Yes for me. I really focused. When i swear on really their burgeoning business which you know is the cash shop. It's funny you mentioned the war on cash and they have this kind of conveniently named cash app so it was really some of the numbers that the shop drew in the quarter and for that matter the fiscal year one of them is one hundred sixty two percent. Increase your ear. Gross profit of the cash up In a lot of that is being fueled by new users and specifically cryptocurrencies like bitcoin. So i think one number is not in throughout the entire twenty twenty fiscal year over three million people transacted bitcoin in some regard which was a two hundred fifty percent increase in volume compared to fiscal year. Nineteen and then they also even gave some gave some information on january twenty twenty one st year with over one million new buyers of bitcoin so really just interesting kind of figures throughout the entire report. Kind of the bitcoin. Being such an important part of that cash app is what really stood out to me. Yeah and that was certainly part of the headline squares square announcing it had purchased one hundred seventy million dollars worth of bitcoin during the quarter so cash app is squares version of ven. Mo- it's interesting to see the reaction from the start because on the one hand. This is a stock. Even factoring in the drop today. The stock is up almost two hundred percent in the past year so i understand particularly traders on wall street with a shorter term mentality saying alright. It's been a good year. Let's let's take a little money off the table. That sort of thing on the other hand. I don't know the overall market cap of square is just over one hundred billion dollars. It seems like a business with a lot of room to run. And i was listening to some of the comments the. Cfo made around what they are. Seeing it square in terms of how sticky the cash app is in terms of the other parts of squares business. How it's this thing that sort of bringing people in and once they're in the square ecosystem. They they start trying other parts of the business. So i don't know like would you look i get the. Pe ratio is somewhere north of five hundred. But when you when you look at everything that square has going on do you look at today as a buying opportunity for people who maybe had square on their watchlist and thought well okay. It's it's seven percent cheaper than it was yesterday. Yeah actually i was looking at. You know over the last couple of weeks how it's performed and through last week year to date. I think it was up. Something like twenty seven percent and then you have over the last couple of days. You know ten percent or so pullback and these are always the days as as a long term investor that i look for you know have a business. That's in my opinion burgeoning. Having fiscal year revenue grow over one hundred percent granted excluding bitcoin. That's only about fifteen or twenty percent but as long term investor. I do think this is an opportunity. I'm not personally a shareholder of square. But it's a fascinating business to me and we've seen so much traction and really their largest growing business in terms of bitcoin transaction cryptocurrency and things like that which really doesn't seem to be dying the craze three or four years ago now. And you know it's all of a sudden habit a two year hiatus and it's got right back in the thick of things you know which squares really benefiting from. So you know. I think if you're a long term investor willing to hold for a couple of years and not too worried about a lot of volatility which has realizing probably will continue to experience over the coming months over coming quarters over the coming years I think this is an opportunity to dip your feet in or maybe increase your position a little bit lows. Fourth quarter report
Cramer calls on U.S. to build factories to address chip shortage, unemployment
"As the pandemic gradually draws to a close. We've still got to national emergencies that we had to talk about a man money. A horrendously high unemployment rate and the semiconductor shorts is causing major problems for us manufacturing and competitiveness. We need more chips and we need more jobs so why. Kill two birds with one stone. It's time for our government to invest in building the biggest and best complex of semiconductor foundries. That's the factories in the world. And we can do this now. This kind of initiative went out of style decades ago but we know it works because the government just did it with operation warp speed the co vaccine program that got us to trick vaccines in less than a year. Were on a roll. Let's keep it. I don't need to explain. Employments national emergency but what south with the massive government back semiconductor foundry pro. Okay we just heard from general motors. They have all these new indian vehicles but they simply can't make them because they're sending books shortage and modern cars require a lot of tech ford said the same thing could cost them one to two billion this year bleed. You're gonna start hearing about this shortage. Constantly dan we the us really havoc with all sorts of industries and making us less competitive and perhaps even hostage country hostage to a bigger chip customer. The pr see. We got to get ahead of this. Now some of this shortages natural thanks to cova. We've got millions of new homes. That require a lot. Har- we're eating these chips like doritos at halftime. But some of you thanks to globalization are sitting been able to outsource their manufacturing most couple of huge asian operators taiwan's semi which is now the biggest samsung. These are both incredible mazing. Well run companies but they also get so production capacity that they have they hit the entire world including demand from china that hits american companies extra hard because new of our businesses run on just in time ordering. They don't want to sit in a lot of extra components it just by the chips when they need them. That's a quick way to make money save money until it's a shortage. Now that's where we find ourselves. Our companies can't get enough chips because there's not enough. Production were wide and that lack of chips is hurting all sorts of manufacturing including the formation. Gm and ford now. There are two ways to approaches. We can throw up our hands and baked samsung taiwan semi to build more plants. That's been our strategy or anywhere for that matter or we can roll up our sleeves. Like operation warp speed. Remember today when everyone get tested raw. Got javert here can roll up our sleeves and get this job done ourselves. If we're supposed to be the most powerful country in we'd be able to manufacture semiconductors for heaven's sake it's our industry so let me tell you what needs to happen. You might not know it. But america's best tech industry the most intellectual property that is anywhere in tech is in the semiconductor capital equipment space. That's lam research. Kelly tinker applied materials. They had machines that we need to make chips meaning while building gigantic simtek foundries can put more people to work and just about any other research project much more than a much than highway than a bridge. Why stop at roads and bridges and we re establish yourself as a whole new kingpin in manufacturing industry that used to dominate. And hey biden's pick for commerce secretary gina raimondo. She was a venture. Capitals governor of rhode island. I got into politics. She'd be the perfect champion for this project. We can take advantage of low interest rates to issue fifty year semiconductor savings bonds to raise the money for this project partner up with the private sector then. These businesses can pay back. uncle sam. Production gets rolling or chips. Defense ships all sorts of internet of things. Chips should be able to make this stuff domestically in the best in the world. Honestly it's insane. We outsource our semiconductor manufacturing to taiwan south korea. When they're within spitting distance of our biggest wattle china. I love taiwan. I love south korea but we ever get into a shooting war with the chinese. For heaven's sake they'll be right in the middle of it. Hopefully it never comes to that but why would even taking that chance. How much would this cost. We know semi spending up to twenty billion to boost its output. And they're very good at what they do. Let's say let's let's borrow one hundred billion dollars in savings bonds to make the us more semiconductor independent over the next few years but we have to start immediately to alleviate the shortage people intensive national imperative blueprint ready customer for the suppliers. Ready to help so soon. To be secretary raimondo. You've been on the show. Let's get the loan just chip ongoing going and put an end to this chip. Shorter's saving tens of thousands of jobs giving me economy a huge boost. This is what we used to call industrial policy. It worked for vaccines. And i know from work for chips to
Jeff Bezos Exits as CEO, but His Role at Amazon Will Likely Be Little Changed
"Let's get onto jeff. Bazo stepping aside amazon. Ceo sixty-seven he's going to have a good life. He's been kind of executive chairman for a while. People say you read that that. No one's really ever seen him at the seattle campus and they're not sure if they've ever really seen him there. He's going to become executive chairman of the board. He's a steady intends to focus energy on new products and early initiatives. The company's top cloud executive andy jazzy. No relation to hugh. I'm told he's going to take over the ceo role in the third quarter. Thank you for being here. Becky i at least get you get you once in a while. You remember bart simpson. It took me a second. Yes a second calls the bar. He calls with the bar and says it. Could i speak to this jet huge jazz. You jazz ivana tinkle. There's other ones anyway. But we digress meantime amazon. This amanda this this is this is andy jazzy. Not not hugh jazz meantime. Amazon's earnings a fourteen zero nine beat estimates of seven. Twenty-three a share. That's easy to say that fourteen zero nine beat estimates of seven. Twenty-three the atmos community the they need to go back to their spreadsheets. Revenue of one hundred twenty five billion dollars also beat estimates and it marked the first time amazon's revenue exceeded one hundred billion dollars in a quarter. That's also easy to say but hard to fathom revenue exceeded one hundred billion dollars walmart. And i it didn't just exceed one hundred billion dollars and a quarter it exceeded one hundred and twenty five billion so it was the first time they'd gone over one hundred billion and they they didn't just like step over the line they like smacked it out of the park right. Even in a non holiday quarter. They're expecting a hundred to one hundred six billion dollars in the first quarter. That is a slowdown obviously sequentially from the fourth quarter of at thirty three percent higher than the same quarter a year ago. I saw that yesterday. And i have to say my chen kind of literally fell open when i was reading the headlines about it then i read bazo says note and his letter about why he's doing it and i get it and it makes sense and you mentioned that you know he's been out there doing other things for a while. Maybe not a huge surprise except for that. He's not going to be completely disconnected. He still gets to be involved with the whole thing but he gets to do what he wants to make. Sure there are other people. They're recognizing that they're running a lot of the day to day operations and stuff. But i mean it's a great job you said he's going to have a great life. He already has a great life. This is he gets to do what he wants to do. Laying out in that letter. Why he was doing it and all the things they've accomplished. I forgot about things like one click shopping. That was such a big deal when they actually did that. I think that was before. Two thousand because i think about i wrote about it for the wall street journal and that was such a revolutionary idea and now we think of it as being nothing and he said. That's the best thing that you can possibly hope for. Is that people yawn at your innovation because they become so commonplace. They've done so many things along the way the focus on customers what they've done with the cloud. I mean they've done so many things along the way and i was amazed blown away reading just his quick list of some of the things. He's proud about some of their accomplishments. Because i'd forgotten about some of them
Rise above the cloud: Amazon's new chief executive
"Thank you for standing by good day. Everyone and welcome to the amazon dot com hugh thousand and twenty financial results yesterday as it does. Every three months amazon held an earnings call it detailed a record quarter. The firm reported more than one hundred billion dollars in sales for the first time then came another disclosure today. We announced our founder and ceo. Jeff jesus will transition to the role of executive chair in the third quarter of this year. Jeff bezos at one time. The richest man in the world will step away from the helm of the company. He founded we'll mostly. I will reiterate that jeff is not leaving. He is getting a new job. He's going to be executive chair of board super important. Rolled order super. His successor will be andy jesse. A twenty year amazon veteran and head of amazon web services the company's enormous cloud computing arm since its founding. Mr bezos has insisted amazon continued to act like a feisty startup and he reiterated his catchphrase in a letter announcing the transition saying it remains day. One in fact it's day nine. Thousand seven hundred or so company has a goodly handful of challenges. That weren't around on day. One were the news. That jeff bezos is stepping back from day to day management. Amazon is a complete surprise. Patrick fouls the economists business affairs editor before the pandemic taken a backseat role. Then he returned to day to day management to deal with the huge surge in business the amazon sore during twenty twenty. He had two successes on the table. One of whom signaled he would leave the company so it was all set up for management transition but the exact timing of that wasn't clear until we've just had an how did amazon whether the the huge surge in business that the challenges that the twenty twenty brought well it's obviously been at the absolute halt of the digital surge. We've seen in the economy in two ways. First of all the e commerce machine. It runs both selling it so in product directly and doing logistics for other firms seen an enormous boom and business but also critically it's cloud thing business is behind a lot of the digital services we've been using from zoom to streaming services on the tv. So it's been absolutely central really to the economists response to the lockdown pandemic. He's about to say that. Mr basis is going out on a high note. I think he is in several ways. I mean you can judge by the financial performance of the company and its valuation which is close to an all time high. I think you can judge it by a also the social contribution. The foams made i mean. It's very controversial business. People were accused of being monopoly of exploiting workers and so on. But i think you can say that over the last year it's also showing that it's really an essential part of many people's lives and i'm sure. Jeff bezos will be thinking about last as he talks his departure but the say threats out there for amazon regulators. Continue to scrutinize it more than ever yesterday. The ftc one of these regulators reached a settlement with amazon for sixty million dollars. It'd been accused of believable more shortchanging drivers over tips and this continual pushback on labor regulation conditions of workers and there's also actually some nascent signs of competition from big firms like walmart which are finally getting their act together on digital. Well you mentioned that regulatory scrutiny which is also been directed at the likes of google and apple mr base is was one of the last founders to still be leading the tech giant he founded. I mean how significant is it to you that he's stepping aside here us right. The big five tech companies in america the have come to dominate its stock market and to some degree. Corners of its economy is now only one founder. Left in the hot seat mark zuckerberg and he's in a very hot seat indeed given facebook's problems so it does feel like it marks. Perhaps in you era when these huge companies have reached a point of dominance and yet some of the big questions that that has created remain unanswered will government. Break them up will. New competitors eventually arise and will be able to keep the same spirit of dynamism the propelled them to the success going for decades to come.
"one hundred billion dollars" Discussed on WBZ NewsRadio 1030
"Jeff one hundred billion dollar package signed into law last night and more work to come on what will ultimately be a one trillion dollar rescue package from Washington meantime closer to home here in New England an eighty eight year old man in Connecticut becomes the first death in this region from corona virus suspected cases of the illness now at two hundred fifty six here in Massachusetts that's an increase of seventeen percent in one day and that some students at Boston College have the illness but W. B. C.'s Jim McKay on Chestnut Hill tells us they are not on campus any longer and never really were ABC news radio Boston college's saying the two confirmed cases were contracted overseas there were also two students who are presumptive cases overseas there are awaiting the results all were studying abroad in Europe but they've now return home in a receiving treatment they never set foot on the BC campus which right now is a quiet one like all other colleges they packed up shop for the semester instead students are doing online instruction which begins today at Boston College Jim McKay WBZ Boston news radio the illness has taken its toll on the soup kitchens here in Massachusetts details now from WBZ's Carl Stevens the executive director of my brother's table di enclosure hills has been putting in some long hours lately partly because they have expanded their hours because of the virus usually were open for forty five minutes for lunch in an hour and forty five minutes for dinner but now we're staying open for six hours and the ideas that people won't have to wait in line to be crowded together instead of sitting down at a meal volunteers and staff bag innumerable meals to go anybody who needs food gets it no questions asked for a hospitality based charity which means anybody can come for any reason and that's always been the case finding volunteers to make this happen is a challenge because volunteers usually come from schools and churches right now nobody's in those schools or churches from Lynn Carl Stevens WBZ Boston news radio ads coming up people in.
"one hundred billion dollars" Discussed on WCBM 680 AM
"Of the day the vicious Mexican crime cartels and Americans last year in Mexico there were at least thirty three thousand murders twice as many as in the USA which has twice the population Mexico has an additional thirty thousand people have been reported missing most of them are probably dead five of the top ten most dangerous cities in the world are located in Mexico including Tijuana and Acapulco according to the corruption perceptions index Mexico is ranked as V. most corrupt country in the western hemisphere warning to the business anti corruption index more than sixty six percent of businesses in Mexico say dealing with corruption is a part of day to day life so why should we care in America well those drug cartels down there are affecting our lives in a major way it is estimated there are twenty five different drug cartels operating in Mexico total of a hundred thousand individuals gangsters working for those ranks cartels move one hundred billion dollars worth of drugs into America every year a hundred billion worth of drugs ninety five percent of cocaine sold in the USA passes through Mexico largest foreign supplier of heroin marijuana and methamphetamine to the USA president trump was on the verge of designating the Mexican drug cartels as terrorists the groups you may remember I reported that if that had happened the U. S. military could attack the cartels using drones uneven ground troops as we have seen in the Middle East but Mexico's president Obrador did not want that to happen for two reasons one it would reflect poorly on Mexico City and two there is so much money pouring into the politicians pockets in Mexico via bribes that Obrador knew his support would crumble if president trump started attacking the cartels so a deal was made a very interesting deal the Mexican army would regulate immigration illegal immigration through Mexico into the U. S. A. you haven't heard about the caravans in awhile that's because the Mexican army now stops them and in return president trump pulled back from the terrorist designation here in America one hundred thousand people at least die from narcotics every year many more are impacted seventy percent of all child neglect and abuse is caused by substance abusers seventy percent the southwest border and the towns down there live in fear foreign criminal gangs have spread to every major city in America there is too much money and narcotics the government here cannot stop it so the only way to regulate this is to designate these cartels as terrorists group and destroy them I'm bill o'reilly and I approve that message by actually writing it for more news analysis please visit bill o'reilly dot com and you can reach me at bill asked bill o'reilly dot com in.
"one hundred billion dollars" Discussed on WLS-AM 890
"Of one hundred billion dollar tax hike it could put socialistic price controls on our healthcare system create massive shortages of vital medicine said American medical research back decades that's why we need to do everything we can to stop Democrats from trashing our healthcare that's why I'm asking you to expand my name then two five two eight eight six and signed freedom riches petition urge Congress to stop Nancy Pelosi's a disastrous planet today the last thing you want is Democrats in control of your health care if you loved obamacare you're really gonna love this one and if you don't like it you should really tax then two five two eight eight six that's my name then two five two eight eight six and help out my friends over at freedom works okay so a couple of other Elizabeth Warren being crazy point so here is a list with foreign talking about how rich people are not like regular people understand taxing income is not going to get you where you need to be the way taxing wealth does that the rich are not like you and me the really really billionaires are making their money all their accumulated wealth and it just keeps growing we need a wealth tax in order to make investments in the next generation is there's always been washes now condemned corporations as an American rich people as quote unquote not like you and me not like you and me well did they pay their income tax or not because if they did they are law abiding people just like you and me I guess what rich people are you and me because if you're not rich now you may be one in the future if you rich now you may not be one day in the future people move up and down that income scale but according to Elizabeth Warren they must be castigated mean this is like pure full on Marxist rhetoric about the nature of human beings changed it changing as they gain wealth then she adds this this is my favorite was the to our quote so I'm really shocked at the notion that anyone thinks I'm cute what I don't have a beef with billionaires one problem is you made fortune in America you have a great idea you got out there good for you thank you for tuning in America I guarantee you built it in park is a workers all of us help educate you built it in part getting your goods to market on roads and bridges all of us help pay for you built it least in part protected by police and firefighters all of us help pay the salaries for so quick point here first of all more disproportionately paying for the police and the fire fighters in the roads and bridges are the people who make a lot of money in this country and the corporations that are a lot of money in this country second of all yes we think you're punitive because you're punitive it is punitive to go after wealth I have already paid taxes on your tax my asset base that means that I pay my taxes okay let's I don't buy any real sales channel by any chance let's say they make a hundred thousand dollars this year and let's say that I paid thirty five percent state and federal tax to the government secondly sixty five grants I think in the bank they just let it sit there and two percent interest and that capital gains is taxed at a lower rate according to was with Lauren she wants to tax the wealthy I've already paid taxes on and this makes for non punitive of course it's punitive that's what you're talking about she is a radical who can't answer questions about her own plans by the way her wealth tax in gonna pay for crap we'll text is not going to pay for a thirty trillion dollar expenditure expenditure on Medicare for all from the stuff she's talking that's pave college tuition for everybody because you know what people are gonna do they're gonna store that wealth overseas there's a part that while the other places you know rich people are really good at doing tax avoidance she is just a disaster area and I think that in a in a debate with somebody who actually believes basically in American business I think she falls apart impacts I don't think most Americans think of business this way as a confiscatory industry I don't think that's what's happening here now I don't wanna restrict this to slapping back at Elizabeth Warren because I was going to say crazy things on our Riddick I mean like he okay another P. I have I have to do this one another piece of crazy was with Laurie Elia so here is warrant but I'm not willing to give up and let a handful of monopolist dominate our economy and our democracy it's time to fight back think about it this way when you talk about how it works in competition all about eight percent nine percent of all retail sales happen in bricks and sticks stories happen at Walmart about forty nine percent of all sales online happen in one place that's Amazon okay so now she's ripping on Amazon and some sort of detriment to American workers how do you think people sell their products they go to Amazon and Amazon is a giant market place it is just a town square and Amazon takes a percentage off the top we the daily where have a store at Amazon you know makes money off of that we do daily where a small business and when she talked about a handful monopolist dominating our economy and our democracy look down the stage that Tom sire fellow he literally bought himself a stick a podium on the stage comes tire that's literally what he did and you're sitting here **** about all of this Jeff Bezos is a Democrat Bill Gates is a Democrat the richest people running America's biggest corporations are nearly universally Democrats this is just it's saying but okay this is what Democrats want to run on and get ready for a second term in front coming up more from.
"one hundred billion dollars" Discussed on WZFG The Flag 1100AM
"For one K. was a tool one K. under trump it's a five oh one K. everyone's making money on the stock market we have eight million jobs that can't be filled because Americans are qualified to fill them then you got the Democrats using racism to buy off racial blocks of votes by promising a hundred billion dollars assuming you're black paid for by people that are white how did trump get this done his approval ratings are soaring because of it plus you have detained border children being used as political pawns to advance the the interests of the Democratic Party then you got the World Cup afternoon big win and right and then Megan Rapinoe and others use the World Cup victory as a hug cuddle against the president and then seen attacks the president for not inviting him and then they invite him to invite him and the coach of the women's soccer team says I don't know what to do would deal with that later coach Jill Ellis don't know what to do in is an honor to go to the White House later on I went on a route coming up I'm asking this question double bomb is in the White House and for some reason what invite bill cutting him to the White House and Obama's there I go to the people's house I shake his hand and I get whatever war he wants to give me knowledge man I say thank you Mister president I'm an **** when I'll route would you go to the White House if if up Obama was there on a bomb invited your if somehow have Kamelot Harris became the president and the country the more stock market would be cut in half at a minimum what we would lose trillions of dollars immediately and I've come alive Heris when invite me to the White House and she was the president I would go to the White House because that's my duty as an American but liberals want to weaponize the World Cup to use against the president not just the Grammys or the Oscars or the Tonys not just colleges universities such as every editorial board not just the today show and Good Morning America and the view and Cole bear and the Jimmy said night all attack trump relentlessly now's approval ratings are rising and the Democrats are losing their minds because drop isn't causing them to suffer severe cases of trump derangement syndrome and I'm watching this happening and I can't stand an actual sitting United States senator said to a black group I want to give you one hundred billion dollars if you're black unbelievable let's get this thing started with Kerr we have calls from Cleveland Chicago we have three lines open for the first time ever eight six six six four seven seven three three seven bill coming of the great American lie with you every Sunday night is the house going along needs a tunnel work the pipes are leaking needs a new roof the AC just broke I just don't have time to do it all myself you know anyone just as Coleman visor they match you with the best local pros for any home project cool yeah you can read reviews and book appointments online what's the cost actually home adviser is always free to use nice I'll check it out go to home advisor.
"one hundred billion dollars" Discussed on KQED Radio
"I'm David Brancaccio in New York United Technologies, based in Connecticut and Raytheon based in Massachusetts are merging to become one of the world's largest aerospace and defense companies Raytheon technologies. It will now be called. We'll make everything from engines for jet liner's two space suits, for astronauts, the combined company will be valued at more than one hundred billion dollars marketplaces, or not a sago reports right? The on makes missiles and radar systems and other military technologies. United Technologies makes engines for commercial planes, military wants to Williams dish is a researcher at the university of Maryland. He says this merger would give both companies muscle and areas where each is lacking. It'll give right? To get into the commercial sector. And then when their combined assets, they should be able to devote a lot more capital to research and development says the new company will cut customer caused by about five hundred million dollars a year at least in the short term which could be good news for big clients, like the US government, even though this would create the country's second largest defense contractor loose doesn't think antitrust regulators will stop. It doesn't building jet engines or aircraft radios and United Technologies. And do I need things that Raytheon does? But the merger would mean the government has fewer contractors to work with which according to a Stanford study from last year is costing the government more money. I'm not a Saito for marketplace group of twenty finance ministers, met in Japan this weekend with many worrying, aloud, that trade tensions are hindering, global economic growth, descending voice, the US finance minister Treasury Secretary, Steven Mnuchin who said quote. I don't think in any way that the slowdowns you're seeing and parts of the world are the result of trade tensions at this moment. Let's consider this more by turning to the BBC's veteran economics correspondent Andrew Walker in London. Good morning, Andrew had I is there a strong case that slowing growth round the world might be due to the US. Taking this hard line entree, I'll state my neck out, David, I'm normally one has to be as BBC correspondent, you have to be awfully balanced about these things. But yes, my view is the tariffs are at the very least a significant drag on economic growth, the postwar expansion of the global economy with had accompanied by and many would say to a significant extent, driven by the removal of trade barriers in the expansion of international comas. And so, yes situation where business decisions of being influenced either by the fact of tariffs, all by the possibility that, that might be more. In the future, Maine's decisions about where to produce things, what to produce how much perhaps note guy to be the best they could be. Of course, it's not just trade tensions causing slowdowns hither and yon. No, it's not just about trade that suddenly true, but I find it hard to resist the conclusion that the slugging global growth is not at least partly due to Andrew Walker's the BBC's economics correspondent Andrew. Thank you. My pleasure. David checking markets. The Dow is up one hundred seventy eight point seven tenths percent. The SNP up nine tenths percent. The NASDAQ up one point six percent. President Trump said today that if president she does not show up in person at the group of twenty summit, late this month, new US tariffs will go into effect immediately. He spoke on CNBC. China's foreign ministry today said they will continue. They continue.
"one hundred billion dollars" Discussed on KTRH
"One hundred billion dollars in tariffs are people if they want they could buy from someplace else other than China or they can really the ideal is make their product in the USA. That's what I really want. Where were they? Didn't watch. You wanna know something you wanna know something we always win. I hate it. We take it reporters. What we always win. We always that's see. That's the kind of attitude. The people I'm talking about hate the State Department these career Washington types at presided over this world order since World War Two where the US does everything it can to whittle away at it superpower status high. Did we always went? Ooh. That Kosovo unseemly to say we're not supposed to. Over people in cool. Trump can win this like he can win immigration if he just outlasts these people and doesn't listen in this case, the business journalism crowds. Some at the Wall Street Journal and others are going nuts over what's happening in the stock market and the tariffs. Oh my God. The sky is falling it crumpled, just ignore these people, they panic. They went out Trump will not panic and went out because all this is different. This is not the way we've always done it. This is not the way it should be done. Right. We're trying to change that. Now interesting, Mr. Hansen. Victor Davis Hanson had a piece national review today on China at Princeton five pages. I can't read the whole thing. But I do want to read a little bit from the beginning of it because it it states exceedingly well, a number of points. I have been trying to make over the past couple of days. It's entitled China's brilliant insidious strategy slowly but steadily tricalm's build up their economic military and technological superiority at our expense. The com- government does not have so much strategy to translate its economic ascendance into global hegemony as several strategies and all of them are brilliantly insidious on matters of trade. China is always flexible in responding to critics of its asymmetrical thirty year mercantilism in the initial stages of westernization China was exempted from criticism. This is such an important point when China was seen as finally moving in the direction of the west that's us western civilization market economics when the child coms were seen thirty years ago when they were seen making these initial moves toward westernization, we exempted them they were allowed to steal. Copyright? They were allowed to steal intellectual property. They were allowed patent infringement. They were allowed to dump cheap product in America. They were even permitted corporate espionage because western elites assumed that these improprieties were just speed bumps on the eventual Chinese free way to liberalism. This is in other words, we have to let them do this this. This is what it's gonna take to bring them fully to our side. The words they were looked at as a bunch of new coming incompetence. And yeah there. That kind of be kind of this. But we gotta put up with it. Because this is what it's going to take to bring the comms fully into market economics. And then the richer China got. The more progressive. It would become you see the elites thought that their Richard. They got then the more like the American left and classic liberalism. They would become. And if you had a big trade deficit or military technological appropriation. If these things were considered small prices to pay. For the child calms coming our way. If you lived in Palo Alto, the Upper West side, you're one of these leads you're looking at the world from your perspective. It's perfectly fine for the com to violate these ethics laws because they're new at it. They don't quite get it. And it's just so we didn't stop them, and they have been allowed to operate this way with impunity ever since. Now, we've got these huge trade deficits Chinese are cheating more than they ever have. Now. Now, all that is become our fault. You see? The Tom Friedman school of journalism chided our government as lacking China's authoritarian officiency that could by Fiat connect new plan utopias by high speed rail and power out of time. But I want to build on that we get back. But the phones I is always at work and the vendor.
"one hundred billion dollars" Discussed on WGN Radio
"The fact that Hoover is doing an IPO is another example of Wall Street funny money where a company can lose one hundred billion dollars in one quarter. And which has Uber estimates. It did in the first quarter and still expect investors will fall all over themselves to buy shares of a company one of the major indicators of how the US is doing is the gross domestic product it came in better than expected in the first quarter three point two percent growth. Another indicator is home ownership. It went the other direction. If we're following for the first time in the first quarter and more than two years. The census bureau reports home ownership rate now is right at sixty four point two percent. Weak earnings from Intel and Exxon Mobil have been holding back. The stock indices in the early going today offsetting Amazon, which reported a big first quarter. Its shares are up about a half percent. So far today year today? Amazon is up twenty seven percent. Amazon announcing one day shipping will be standard for prime members. And that has put pressure on WalMart and target who have been trying to match the prime program. Walmart shares right now down about two and a half percent and target shares are about five percent lower Wall Street numbers are leveling off after losing early losses right now. The Dow's up about four points, the is down just a fraction of a point of the NASDAQ is down still about twenty seven points commodities. Crude oil has been trading lower this morning down about two dollars eleven cents. That's three and a quarter percent at sixty three dollars ten cents a barrel goals trading about nine dollars higher at twelve eighty eight and at the Chicago Board of trade, it's a mixed bag bag there with corn up about nearly six cents. At three sixty three a bushel beans or down a quarter of a cent at eight seventy two and weeds trading about four cents higher at four forty five. That's your money on seven twenty WGN Edens in both.
"one hundred billion dollars" Discussed on C-SPAN Radio
"There are reporters asked him about his tweets earlier in the day when he said he would close the southern border or at least large sections of it. If Mexico does not halt illegal immigration into the United States. ESPN from Washington. Mexico is making absolutely fortunately, the United States. They have a trade surplus of over one hundred billion dollars, which is far bigger than anybody understands. They've had it for many years and either they're going to have the strongest immigration was anywhere in the world. And we have the weakest the most pathetic law's number one. Congress has to act and number two Mexico. They make so much money from the United States, and so many other things so many others as they have to grab it, and they have to stop it. We have right now two big caravans coming up from Guatemala massive caravans walking right through Mexico. So Mexico's top they can stop them. But they chose not to now they're going to stop them. And if they don't stop with closing the border, plus we'll keep a close for a long time. I'm not playing games. Mexico has to stop it. They have people coming right through Mexico. It's a long very dangerous journey. Mexico sends buses they send drops they do. Absolutely. They started at one point a little bit stopping. They don't do anything to stop it right now. So the caravans for I've ended payments to Guatemala,.
"one hundred billion dollars" Discussed on KQED Radio
"A dream and one hundred billion dollars in its pocket. New York said, yeah. Bunch of you clowns get off a porta thirty every day. This is a city that will tolerate three billion rats and regularly sitting in pe- in the subway, but Amazon hell, no. So it's tough because they were going to go to New York and all of a sudden New Yorkers got upset and they backed out it's been a tough week for Jeff Bezos. But at least when it comes to the Amazon New York deal, that's something we can unsee. So the deal looked solid. They were going to build this new headquarters in queens, but New Yorkers were upset that the mayor and the governor gave Amazon these huge tax breaks and a helipad and the right for Jeff Bezos to kidnap any bride on her wedding night. The local officials in union guys made such a fuss about it that Amazon's at fine. We'll take her ball will go home. Also, every Alexa in New York is now responding to requests, Alexa. What's the weather by saying? How would I know? I'm not there. Gonna be embarrassing now that Jeff Bezos is going to have to like make a late night called Gary, Indiana. So you know, how we had that whole dog and pony show. But we made all the other cities try out to be the new headquarters. Chattanooga you up? Sarah. Here is your final quote. It's a sentence of which there is no escape, and no return that was a US district attorney talking about the conviction of what drug Lord this week. L chopper Chato. Yes..
"one hundred billion dollars" Discussed on KQED Radio
"And one hundred billion dollars in its pocket. New York said yeah bunch. You clowns get off a port authority every day. This is a city that will tolerate three billion rats and regularly sitting in in the subway, but Amazon hell, no. So it's tough because they were going to go to New York and all of a sudden New Yorkers got upset and they backed out it's been a tough week for Jeff Bezos. But at least when it comes to the Amazon New York deal, that's something we can unsee. So the deal looked solid. They were going to build this new headquarters in queens, but New Yorkers were upset that the mayor and the governor gave Amazon these huge tax breaks helipad and the right for Jeff Bezos to kidnap any bride on her wedding night. The local officials in union guys made such a fuss about it that Amazon said fine. We'll take her ball. We'll go home. Also, every Alexa in New York is now responding to requests, Alexa. What's the weather by saying? How would I know? I'm not there. What's gonna be? What's gonna be embarrassing? Now that Jeff Bezos is going to have to like make a late night. Call to Gary, Indiana. So you know, how we had that whole dog and pony show where we made all the other cities try out to be the new headquarters. Chattanooga you up? Sarah. Here is your final quote. It's a sentence of which there is no escape, and no return that was the US district attorney talking about the conviction of what drug Lord this week. Chapel Hill chuckle..
"one hundred billion dollars" Discussed on WIBC 93.1FM
"Investigation is it or isn't it? And will we are what way is it? Or is it can be debated will we absolutely? And by that. I mean, let's not pretend stops going to get out there. I think he's okay with it. He's absolutely okay. With it. I and and and he's going to take them head on. Is. He's worth how many hundred plus billion? Right. He did this just shows you that even at an advanced age compared to the youngsters of the world that men will do silly things as we'll women when it comes to love how they got a hold of these things that will be debated and found out. I'm sure sooner rather than later, especially if a billion dollars one hundred billion dollars, you'll figure out a way to get hold of something. But some of the stuff inside of this a selfie of Mr. Basu's, fully clothed, harmless. Scantily clad shot short trunks? Woo. A naked selfie in the bathroom while wearing a wedding ring. Wearing nothing, but a white towel. And the top of his pubic region can be seen right? Hey. Blank pick and Richard pick. If you will. They've got apparently dying of these. They got the guy to get the best angle. Dago right. Maybe bringing some lighting apparently at nine of those and miss Sanchez. We could see some of her nether regions as well. And he's just like I'm going to take this on. This is what you guys are doing. There you go. You guys wanna take me on? Well, here you go. It's already out there. Right. The embarrassment of it at the beginning is done. And if you wanna do this, let's do this. It's disgraceful journalism. It's disgraceful behavior..
"one hundred billion dollars" Discussed on SuperTalk WTN 99.7
"So be one helps to eliminate and reduce mental image pictures, like that when you're sleeping in by the way, I know there's books and books on in trying to interpret dreams and all that kind of stuff dreams of just dreams that just mental image pictures coming up. They don't have any meaning behind it. And I don't want to get a lot of emails saying, oh, I read this book and this happened and all that that's fine. But I'm just telling you the facts on that. All right. So vitamin B. One would be the thing we would want to go to if you're having vivid dreams, even even adults. If they're having a nightmares or the having vivid dreams that wake him up. We'll put them on this inositol of b one and you should take a couple of days and they reduce and then they they're gone. All right. So we're going to go back to the insomnia itself. In fact, in time in insomnia can impact about every facet of your physical and mental health. And if left untreated, insomnia is linked to increasing illness. There is a wealth of research indicating that people with insomnia have poor overall health more absentee missing work in higher incidences of depression. And again, that's all written by the national sleep foundation lack asleep. Clearly does not come out without a price lack asleep. Clearly does not come without a price. Sleep deprivation and disorders estimate to cost over one hundred billion dollars each year in lost productivity. So that's a big big problem. And I can I can say that's probably pretty true because almost everybody it's rare. If I get somebody that comes in that doesn't have a sleep problem. So that's lost productivity that sickly that's medical expenses damage to the property and the environment. And again, it's according to the national sleep foundation on that. Also, there's a stake is you're driving ability. If you're not getting sleep it's in the estimate because.
"one hundred billion dollars" Discussed on KHVH 830AM
"Reports at five hundred and eighteen kids public and private schools get exemptions from the state requirement just for medical reasons arrest for religious purposes. It is a news break. I'm going to go back for time remaining before we connect with Annika green. Let's check back in with President Trump still with messages from the White House is do a lot of other things. And just remember we are taking in billions and billions of dollars from China. We never took him ten cents from John John is being George tremendous amounts of money for the privilege of coming in. Doing what they do. George a tremendous amount of money. And I think we're going to make a deal with John. It's going to be a very comprehensive whether they cover everything. Why? Day cruising. The trade deals won't kick in for a while. Number one, the US MCS has it. Astronautical congress and got a couple of quick NAFTA was one of the worst deals ever made during the campaign. I said I will leave the terminate NAFTA negotiate a new deal. And we negotiated a good deal. If you went back to pre NAFTA that would be frankly, okay with me free NAFTA for the new deal, but I won't allow NAFTA. Nafta was a horrible deal for this country. You look at these scars all over a country where you go to New England, you go to Ohio, Pennsylvania. You see what I mean what happened in North Carolina? You have factories that are still empty from. What happened with the NAFTA was a horrible deal. USMC's a great deal, but pre NAFTA. We had used surpluses with Mexico. With nafta. We have us deficits one hundred billion dollars a year. One trade with Mexico. Does that sound and this has been going on for years? So I stopped I stopped. Hello. Anything was done differently. Could have done it differently. Now, not really I mean, I think what by having the shutdown. We've set the table for where we are. Now, if I didn't do the shutdown people would know they wouldn't understand the subject. Now, they understand the subject they realize what a humanitarian crisis. It is. It's sort of it's called like in dealmaking setting the table or setting the stage. We've set the stage for what's going to happen on the fifteenth of February. I don't think they're going to make a deal. I see what's happening there all said, oh, let's do this. But we're not gonna die for the wolves. That's okay. But if they're not gonna get money for the wall, it's not gonna work, and it's not gonna work. Then the politicians are really wasted a lot of time. Okay. I would do. I would do. We just said we have money when building the wall right now, a lot of people don't know that. And nobody reports it, but that's okay. Because very exciting. When you save. Oh. But. Rebuilding the wall right now. It's going up fairly rapidly. We're renovating tremendous amounts of wall, which is good stuff. That's in very bad shape with massive holes in it and fencing coming. It's been beautifully renovated in some cases. We have to replace it. We renovate time where replace some. We built some new, but the world's going up right now at all different forms. Thank you very much. Thank you. What happens on February fifteenth? Always says he's.
"one hundred billion dollars" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"But that, but that's not going to get them where they need to be that seems like the future is. So why would they be trying to get there? I mean, they have basically an option to the future there. It's a minority stake. One could argue that it's better to be sold. You know, it is I think in so and they generate ample free cash flows. So the question is can they hit hit their cash flow targets for the year? And if they do and they pay down debt with that. Where does that get them in terms of a leverage ratio their goal is to point five times? We'll see if they get there. The race is on. So to speak now, John or the clock is ticking. Exactly. So you know, they just spent one hundred billion dollars enterprise value buying Time Warner arguably some of the best media assets on the planet that they articulate any further their strategy for trying to generate a return on that investment. So there's a lot of moving parts at AT and T right now, including the content strategy to a degree. But I would say the the key pillars of that are number one. They're trying to build the programmatic advertising platform and take analytics that they're gathering on the wireless side and begin to apply that to the ad inventory. At the Turner properties to get a higher CPM as they call it a higher cost per eyeballs in that ad business using analytics, and that that whole process is well underway. Think they're doing that. I think they're going to get higher ad rates out of Turner. And I really. Feel good about that. I think the other thing they wanna do on the content side is just as we were alluding to a moment ago. They wanna get into that streaming pay-tv business and make money not only from subscription revenue, but also make money on the ad side. They'll have.
"one hundred billion dollars" Discussed on AM Joy
"The covers United States has a fiduciary duty to the taxpayers whose money it is it. Isn't just monopoly money that you can just say just give him five billion. And then he'll he'll behave himself. Right. That's not what the money is for the tax payers, pay it. It's the duty of the congress to spend it wisely. A wall is not going to cost five point seven billion dollars. It's actually not feasible to build a wall across the southern border. A lot of that is water build a wall in water. I mean, I guess you could and domain then demand right over let's say the cost one hundred billion dollars. How does Donald Trump get the next five billion? Exactly. That's the problem here indicative of how foolishly he runs the government of complicity of Mitch McConnell that we've got this. This Wayne Grady, let's make a deal thing at three routes gonna like door number one. I've got this door number. What are you gonna work for it? Doesn't work. It is not a sustainable policy. The wall is symbolic right. Because everybody knows it's not practical the walls just sort of monument to white supremacist. He wants to make Nancy Pelosi has no reason to negotiate. But I think the most important thing for people to remember long term is the president of the United States, isn't a strategic thinker. He will use this plan. He would use another plane we use whatever it is. He can to get whatever he wants whenever he wants to get it. And if it doesn't make sense of breaks the government the process, he's just going to keep going. So interesting thing is Democrats are just as dug in on this issue as Republicans Nancy Pelosi's popularity has gone up. So that happened she is more popular than Donald Trump. She is more popular than Brian hip in Georgia. She is more popular in a lot of different places because she has stood her ground. So there's absolutely no reason for her to flex or Blanco him at this particular point, he doesn't seem to figure that she's also not being investigated in a counter intelligence inquiry as to whether she's working in the interests of a foreign power just saying this because money on our own money out at caught up with congresswoman Alexandra Cossio, Cortez, the women's March in New York City. I wanna let you throw to what you asked her and her answer money. So join we found out what that commotion wise. It was Fred congresswoman Alexandra Casio core who I was told that some point was actually looking at the camera. She's probably a fan of a enjoy. And I asked her what it meant to see so many women out here. Women who say that again, seeing her walk the halls of congress that started here in the streets of New York. This is what Ocasa Cortez had to say. It feel like to be out here today. I mean, it's so exciting. So thrilling C so many New Yorkers so many women across the country that are coming together and showing that that we're still taking presence, and we're still going to push the agenda that that we elected so many people to advance so many of the women here say they're looking to the new newly elected females with members of congress that are walking the halls of congress. What do you say to them in these times, I say, it's great and join them in you chance. She didn't get a chance to answer that second question for me because she started to March what I wanted to ask was that a lot of the women here say they're actually looking to these newly elected female members of congress as these new leaders, not so much the national leaders of the women's March. And again, it's reflective of the power of this movement. And yes here in the streets of New York are two competing marches today. Many say diluted the effort of the women's March. But the fact that they're here. Is reflective of the fact that they're going to keep them momentum going joy. Thank you so much money on a ten THEO who's limping today. So thank you doubly for all the hard work that you're doing. Thank you very much. Let me bring back. The panel really quick. I'm going to do quick lightning round for non there has been an attempt to de-legitimize. And also to elevate Alexandra Okaz Cortes on the right? They're obsessed with her..
"one hundred billion dollars" Discussed on 850 WFTL
"Up to go to nice places, exactly. Put on your Sunday. Clothes any. Yeah. Well, but I can understand that. But I mean, a lot of the really super super like Uber rich, you know, they they they understand. And I think one of the reasons why they do that. Like, you don't want us talking about Bill Gates standing at the burger stand burger fanatic. He loves burgers. But I think he just wants to be treated like everybody else. What does it be treated like a regular guy at some point? If you're Bill Gates and you're walking around town and people recognize you they treat you differently. And I it's almost like a Bela really hot chick. Will you don't wanna be looked for just your looks like people you want people to say, hey, you know, what there's more to me than just my luck's. That's what rich guys are rich super rich guys like that. More to me than the fact that I'm worth one hundred billion dollars. Just like you. I like a nice burger this. I'm just kind of laid back and treat me like that. It's interesting people work, very hard to reach a certain level of success being financial success, or whatever it is. And then they get to the point where they got like so rich it's like disgustingly visas gates, Richard. You'll never be able to spend that money. Even if you give it all away at some point. You just you just can't spend it, right? Then you then you kind of want to be back to who you were before all of it. Noticed I've met people over the years like celebrities and some of the coolest people I've met are the people don't have to prove any anybody. They don't have to. You know, they say that about Paul McCartney Paul McCartney walks in a room. Everybody's freaked out. You like in walks like a like a con. Legisla musical, but a pop culture icon, and he knew aware that and he's so he makes sure that he puts everybody at ease and kind of defuses the situation by being so relaxed so laid back then everybody kind of relaxes with them because he just doesn't want to feel like. Don't make such a big deal out of me. And that's kinda the impression I got. When I looked at that photo of Bill Gates is standing there. Somebody who's going to take a picture of him. But he was just kind of like unaffected like I'm gonna have a burger and have this burger, and I'm not going to jump in front. I'm sure somebody said, hey, Mr. gates, would you like to know? No, no, you go ahead. You get. It's like the others. The others who have the gold plated toilets..