35 Burst results for "P Powell"
Johnson & Johnson's one-shot COVID vaccine approved by FDA
"Has granted emergency use authorization to a third vaccine in the united states toward against covid nineteen. It's johnson's and johnson's one shot vaccine and npr still powell reports at fda approval means it can be distributed to the public he. Fda decision comes after an advisory committee made up of independent. Experts voted unanimously. In favor of the move. The regulatory agency had said a vaccine would have to show at least fifty percent efficacy with an acceptable safety record to receive an emergency use authorization. The johnson and johnson vaccine did that with sixty six percent efficacy preventing moderate to severe cova dullness and eighty five percent for more serious disease. A large study did not reveal any major safety issues. A key advantage of the johnson and johnson vaccine is that it only requires a single shot. Making it easier to distribute joe palca. Npr news now that the fda has approved the johnson and johnson shot it will be distributed alongside the two dose shots from pfizer madonna. The jj vaccine expected to begin rolling out early this week. The company says it plans to provide up to twenty million doses by the end of march. Please
US Personal Income Increased 10% In January, Consumer Spending Up 2.4%
"The us household income grew ten percent in january alongside. This consumer spending rose two point four percent. This growth came primarily from the latest round of stimulus and was in fact the second largest monthly income growth on record after last april when the initial pandemic payments were sent out. This was also the first month since october. That consumer spending rose. Interestingly the thing to really pay attention to around this is in fact the bond markets. We're going to discuss them a little bit more in our main topic but effectively. What we're seeing right now is a situation where investors think that regardless of what jerome powell and the fed says an improving economy will force them to back off the aggressive monetary policy that has helped asset prices remained so high in response. They're backing off of high priced. Stocks and pushing treasury yields higher. Some are calling this the taper 'less tantrum and this refers to a twenty thirteen market episode. Where the fed tried to taper post. Gfc policies and markets absolutely freaked the. Hell out the fed. This time is saying that it's actually not going to do any such tapering. But the market is still freaking out believing they won't be to not hence the taper lewis tantrum anyway todd of stats around income and consumer spending are exactly the sort of evidence. Those tapes tantrum irs are pointing to
If You Sell Your Bitcoin, Michael Saylor and Jack Dorsey WILL Buy It
"Before powell spoke investors had started to get nervous in the us around the potential for an early unwinding of the fed's extremely aggressive approach to keeping rates low and stimulus etc. Because of this the market was getting out of stocks and into treasuries driving the yield of treasuries down and by the way if that sounded like greek to you. We're actually going to do a macro one show. And a bond specific show as part of that new kiddo show set as well either way powell gave testimony to the us senate banking committee on tuesday and said that the economic recovery remains uneven and far from complete and the path ahead is highly uncertain the bloomberg headline this morning about it said powell reiterates view that labor market has a long way to go. Pow pointed out that there are ten million fewer people employed. And that's a long way to go to maximum employment and this is really important the mandate the fed is actually two parts market stability. But it's also full employment the tools however that they have to achieve that full employment are limited and what we've seen is that asset prices tend to benefit before full employment is reached over the course of this year. We're likely to shift from the market stability part of that equation to the full employment part of that equation but it still promises a pretty aggressive approach from the fed powell also mentioned digital currencies saying it's a priority and that they'll be reaching out to congress about it in twenty twenty one so we'll have to come back to that soon next up on the brief today trouble in arc land i have discussed kathy would and arc pretty frequently here most recently in the episode last week i find it interesting. How a lot of the macro dynamics that are potentially interacting with bitcoin might be interacting with arc funds as well arc has seen a stratospheric rise over the last year but has been hammered. The past few days in fact it started a couple weeks ago as people started to get nervous about how concentrated arcs of some of their companies were remember. Our funds have specific feces around innovation. So there are frankly. Only so many companies they can buy if their fund owns to high percentage of those companies. The fear goes it could create risk in both directions that an issue in one company could create broader risk for arc or vice versa that arc could create new exhaustiveness risk for the companies themselves over the past few days however the concern has been less about that and more about this rise in treasury yields the innovation. Etf which is their flagship. Fell three sessions in a row. It had its worst today. Drops in september and again basically these yields were reflective as we just discussed of investors thinking that there was going to be pressure for rates to rise and for fed support on wind earlier than expected because of that they were moving out of the pricier parts of the market. I e tak. Now for her part. Kathy would said she wasn't worried said that she welcomed the correction and to be fair. She's gone from three billion assets under management in january twenty twenty two more than thirty in january twenty twenty one to more than sixty billion last week still. I think this is worth watching as a reflection of the bleeding edge of the markets. I don't think. Bitcoin is so correllated that you can watch these things move in tandem. But i do believe that. There's some proxy for how traditional investors might think about bitcoin at any given time based on the macro context lasts up on the today. Let's talk about the latest out of india. India as we've discussed has been very aggressive. Vis-a-vis crypto currencies with that seeming to only heightening right now a couple updates from the last few days rakesh ginger who's likened to an indian warren buffett. The billionaire investor he told. Cnbc never buy bitcoin that. Regulators should step in and ban cryptos in india and called bitcoin speculation of the highest order. So pretty much that. Warren buffett description is accurate at least when it comes to opinions on bitcoin at the same time however he also stated that india should focus on the creation of an official digital rupee. This was echoed by comments of reserve bank of india governor who reiterated that. The rbi has major concerns around cryptos but that they are working aggressively on a digital rupee. I wanted to point this out. Because i think it shows just how much india is going to really draw. This contrast between killing cryptos private cryptos and network cryptos while simultaneously trying to harness that momentum for an official central bank digital currency is that paradigm. That one can't survive while the other one does or are there different ways to look at
Did Bill Gates Seriously Short TSLA Stock
"Robbed our here and today we're going to be talking about bill gates response to on musk's claims the oregon podcast a couple of weeks. Back that get heard. That bill gates had been shorting stock. We've also got some news on the broader electric vehicle automotive market an interesting response from yvonne on an article from the washington post. And of course. We've gotta talk about tesla stock. It's about wild couple of days. We had the interview yesterday with alex rotter so we didn't get a chance to talk about it. But of course yesterday. Tuesday february twenty. Third tesla dropped to a low of six hundred nineteen dollars per share. That was down more than thirteen percent from the prior. Close then of course. We saw us swift recovery in the market. And from tesla tesla finishing down just two percent yesterday on the biggest volume day that we've seen in over a month and a half with sixty six million shares trading hands yesterday. So i talked about on monday and we briefly talked about yesterday in the interview as well. A lot of this is tied to expectation on interest rates. So yesterday fed chairman. Jerome powell made comments to congress. Indicating the current monetary policy is expected to continue for some time as economic uncertainty remains so not to get too deep into that. We've talked about that. Of course in the past but as far as tussles yesterday certainly was not isolated to tesla. Those sort of concerns were broadly extended to high growth. Stocks tussle obviously falls in that category. And i think the volatility there serves as a nice quarterly reminder that you have to be very very careful with stop losses on a volatile stock like tussle as for today tesla continue to rebound finishing up six point two percent to seven hundred and forty dollars two cents. That compared to the nasdaq up one percent. All right so i up today. I want to continue a conversation that we began a couple of weeks back after yvonne. Musk went on joe. Rogan's podcast for the third time and said that he had heard from people he believes would know that bill gates had shorted tesla. Yvonne brought that up in response to a question from joe rogan on the tesla semi citing that bill gates in a blog. Post a few months back had said that eighteen wheel electric semi is probably would never work so allen's claim here understand. We drawing a lot of attention not the first time something like this has happened between musk and gates last year. He did by his first electric vehicle. The porsche ticon. Which at the time. Maybe it wasn't so clear why he didn't by ordering vehicle up until that point. Well now we might have a better answer for that. But he talked about the decision in an interview with marquez brownlee and it seemed to be a relatively tepid endorsement of electric vehicles gatesville right up ranging anxiety as a problem and elon. Musk responded to that interview. Not necessarily gives purchase of tycoon but those comments in general by saying that quote my conversations with gates have been underwhelming to be honest and so that catches us up to today and then we have launched claiming that he heard gates which tesla now in the last week. We've had both cnbc and bloomberg asked gates directly about that claim. I think gates tone is important these responses so i will play the actual clip. The i wanna hear from andrew. Ross sorkin cnbc asking gates so so you're not sure tesla's stock were clear. Yeah i'm not. I don't talk about my investment. But i think he should be very proud of what he's done. Okay so technically there. He did say yeah. I'm not but it sounded like he was more starting a sentence of saying yeah. I'm not going to talk about my investments not yet. I'm not sure tesla because he interrupts himself and says i don't want to talk about my investments so to me. That's a no comment. Rather than a denial. What's interesting here is his reason saying he doesn't wanna talk about his investments but in the exact same interview. He talks about his investments multiple times. He says quote when i invested in impossible foods or beyond me or quantum scape. I was doing that just to help their own climate. Now it looks like those three will be very successful companies. And so i'll have more money to put into the tough areas a climate like cement and steel and quote. Okay so he says he doesn't want to talk about his investments but then he in response to another question talks about his investments in impossible foods beyond me quantum scape and then how does investments are doing and that i'll have more money to then go on an invest in other stuff. I mean how much more could you talk about your investments. And he uses the first person tense. You're saying i invested. He's asked about bitcoin and he says quote. I don't own bitcoin. I'm not short bitcoin. So i've taken a neutral view and quote so for bitcoin. Perfectly fine to say i'm not short bitcoin. Same question for tesla. oh. I don't want to talk about my investments that we just spent a bunch of time talking about. If you're not going to answer the question at least come up with a better non answer. That doesn't immediately contradict yourself. He has to have known that he'll be asked about that and yet seems completely content guard answer so that was last week if there was any doubt left after that because he did start off. By saying yeah. I'm not before interrupting himself as we said. Here's gates on bloomberg yesterday so we had five days to think about this answering the same question from emily. Chang yuan has in the past claimed you shorted tesla and i wonder if there's any truth to that Well you know i think. Test us on amazed seen company I wish you know own. Been more on the long side. But i it's it's great And you know i have. Lots of relatives won't tassels Helped by for them. So you know nothing. But positive thoughts about tesla role. Okay so if the answer to the cnbc question was a bit of a flood. There was a clear opportunity to just say. Hey i'm not sure. Tesla was jor tesla and again gates passes and he sure doesn't look comfortable to me answering the question. Belief is that it looks pretty clear. That bill gates was short. Tesla who knows if he's still is it'd be surprised but come on. How are you going to be all about climate change and then short the one company that's doing more than any other company on earth to combat it. If you don't think it's a good investment you think it's overvalued you can just not invest in it. No one has any problem with that but too short it push the stock price down. Make it more difficult for tesla to raise capital. That's something else entirely.
Powell Pledges to Maintain Fed’s Easy-Money Policies Until Economy Recovers
"His second day of testimony before congress federal reserve chair. Jerome powell made more reassurances that the central bank will keep interest rates at ultra low levels as planned that eased fears on wall street and pushed stocks higher. The dow industrials closed at a record of thirty one thousand nine hundred sixty two up one point. Four percent the s. and p. Five hundred snapped a five session. Losing streak closing up one point one percent and the nasdaq also added one
Fed's Powell: US economic recovery is uneven and incomplete
"Federal reserve chair Jerome Powell says the economy remains in the grip of the coronavirus economic recovery remains uneven and far far from complete testifying before the Senate banking committee with a chair Jerome Powell added the pace of improvement in the labor market has slowed Powell says the path of the economy continues to depend on the path of the virus and measures to control its spread continued progress in many industries has been tempered by significant losses in industries such as leisure and hospitality however Powell does see an improved outlook in the months ahead in particular ongoing progress in vaccinations should help speed the return to normal activities Ben Thomas Washington
Dominion Voting Systems sues MyPillow CEO for $1.3 billion
"Has filed a $1.3 billion defamation lawsuit against my Clindell in his company, My pillow. Here's NBC's Eric Turkey. The Voting Systems company alleged the My Pillow chief helped push false theories about Dominion rigging the 2020 election even though he knew those accusations were false. This is Dominions latest lawsuit over what the company called the big lie. The lawsuit called Mike Lyndall, a talented salesman who sells the lie because the lie sells pillows. Dominion is previously sued former President Trump his attorney Rudy Giuliani, and the attorney Sidney Powell, saying they've all caused irreparable harm to Dominions good reputation and threatened the safety of employees and customers. Aaron Carter
Dominion Voting Systems sues 'MyPillow Guy' for $1.3 billion
"The my pillow guy is the latest to be sued by dominion voting systems dominion voting systems has filed a one point three billion dollar defamation lawsuit against the founder of Minnesota based my pillow the lawsuit alleges Mike Lindell falsely accused dominion of rigging the presidential election in the ignoring repeated warnings from dominion the company has filed similar lawsuits against Donald Trump attorneys Rudy guiliani and Sidney Powell dominion accuses Lindell of repeatedly telling what the lawsuit labels the big lie that the company stole the election Lindell says he's glad to minion sued and that the legal process will vindicate him I'm showing out there
Powell leads Raptors to 110-96 win over skidding Bucks
"Norman pal poured in twenty nine points and Pascal Siakam had twenty seven as the raptors handed the box their fifth straight loss one ten ninety six Toronto began a twenty one four run in the first quarter and open the second half of the thirteen Forsberg to take control Fred vanvleet contributed seventeen points eight assists and five rebounds for Toronto Yanis intent to Cooper had twenty three points twelve rebounds and eight assists for the box who hadn't dropped five straight since the two thousand sixteen seventeen season I'm Dave Ferrie
The Dollar Privilege
"Federal reserve is taking sweeping him trying to protect the economy from the corona virus. Fed chairman jerome. Powell announced interest rates will be drastically in one of the biggest bet moves since two thousand eight financial crisis in china has a huge vested interest in the american economy because it holds them almost twenty five percent of all four. No us us sanctions against iran over nuclear program were reintroduced iran's economies in freefall soaring inflation and push comes to shove all the world's reserve currency to start off what is a reserve currency. And why does it matter. So i think the first thing is to explain what a currency is before we get to reserve currency. This is sebastian. Mallaby a senior fellow for international economics at the council. You may remember him from our episode on the economic side of the kovic. Pandemic currency has a few different uses. One is that it's a unit of account. It's a way of putting a measure on what something might be worth. The second is once you've decided what it's worth that you should be able to transact transactions are the second idea that you can go buy stuff with the currency and a third idea is that you can use money as a store of value before you transact you can save up this currency and then transaction the future so for those keeping track at home money does three basic things. It lets us agree on prices. It lets us by things and it lets us save up so we can buy other things later now. The same three things that currency does for people reserve currencies do for entire countries pricing buying and saving so neutrally a reserve currency is the cars you hold in reserve s. So it's very linked to the last idea. I mentioned of a store of value and in particular we think of reserve banks central banks global central banks which hose currencies in reserve to protect their economies against there is kinds of financial or economic shock so a reserve currency really has a couple of different functions. One is to cover the need for future imports. If a country for example doesn't have its own energy. Supply needs to import oil. You might want to hold donaldson reserved to make sure that you can buy oil. You need in the future. The second reason central banks hold foreign currency reserves is because of the possibility of a financial crisis. And there again don't as a very useful because most institutions borrowing donna's so in a financial crisis they gonna need donna's to help them pay for fan. Central banks have the unique power to print money but in many other ways they're kind of like a scaled up version of an ordinary bank. Your local bank needs to have enough money to lend to people if they want to buy a home or if things get bad and they need to take some out a central bank needs to be able to do this to but for an entire country in order to be prepared for the future. They need to store up a significant amount of cash that they can trust. Foreign currencies are often a safer bet than a local currency especially in countries with weak or unstable economies. The safest bet of all is the us dollar. What role does the. Us dollars serve in the global reserve system. Will your stone. Now is the largest single reserve. Currency economists estimate that approximately sixty percent of foreign reserves around the world are in us dollars. This is roger ferguson. He is the president and ceo of ti which manages over one trillion in retirement funds for more than five million teachers government workers and well me turns out. Roger was also vice chairman of the board of governors of the federal reserve from nineteen ninety nine to two thousand six. This means he helped determine the supply of us dollars to the country and the world. The euro is about twenty percent the yen. The japanese currency is about five or six percent of british pound also about five or six percent until the us by way of the most important reserve currency. But it's not the only currency it's held in reserve by other economies. The chinese i think would like to see their currency. The renminbi become a larger currency in terms of its holdings as a reserve currency around the world than yet out in terms of reserves. They number four number five. When listed only about two percent. I can definitely remember going to europe at a time. When the euro was way up in my money didn't go as far and you're like damn i time. This really poorly are other countries literally buying dollars the way that i exchange currency when i visit a country. And where do they buy them from. It's not quite the same because they're not collecting lots of five dollar bills to put into a wallet in their belt. They're holding huge amounts and said what they do. is they earn. Us treasury bombs or other kinds of easily traded dollar denominated guns and that could be mortgage bonds as well but you know. Us government debts the most popular instrument to
Learjet, the private plane synonymous with the jet-set, nears end of runway
"Very well. Kick it off with an item from cnn says learjet once the goto private plane for celebrities is ending production. How their jetty courses owned by bombard. Aa they say that they will stop production later. This year bombarded said that they will concentrate on the challenger and global aircraft which are more profitable but The company's gotta interesting history David started in one thousand nine hundred sixty two by bill. Lear and i think entry into service was nineteen sixty three for the longest time. It was the ultimate status symbol. Business jet i mean it. It's been shows up in song. Like carly simon song and it was flown by the stars and it looked good. I mean it. it's kind of. It's kind of unfortunate that we're going to lose an aircraft that looked fast and and represented the elite all those years but it. It's been around a long time. Originally goes back to a company that lear formed called swiss american aircraft corporation located in in switzerland but that That didn't last too long and were were moved but i understand that the first learjet was actually adapted from a nineteen fifties swiss ground attack fighter. Aircraft the ffa p sixteen so. I wasn't aware that origin till a little bit of research today. It's a class of aircraft that most as this article points out that most people don't want it's holds five to seven And it you know anybody who wants a fast business jet once more people so there. We're talking about globals and challengers so I guess it's just it's time has come on for and just unfortunate 'cause it's always been one of my favorite aircraft up including my nineteen seventy-two matchbox sky busters earlier jet bright little yellow and white body. So they will be missed. So i'm sure they'll be flying around for a long time well. And there's another factor as well to and you're talking about the five to six place said jet market and that is that the non three hundred of which they've sold about five hundred now is lower price so i think they just got Undercut by the competition also the fbi non one hundred which is even less expensive. So that's part of the changing market Now we've talked on the show years about the restructuring of bombay and they've been selling off in a low performing units. They've had a huge amount of debt to pay down. Which is why they've been selling them off. We talked here about when they sold the series their airliner which was sold off to airbus. And this is going to be Job cuts all over the place in a separate article. I saw that. I think about three hundred people will lose their jobs in wichita allow the production is based another arrest. Seven hundred i think are being lost in either quebec or ontario of because there's some being lost in both provinces i forget which one was the most but one was seven hundred and the other was a one hundred so big impact All the way around it does really make party a instead of the cult conglomerate that it was with all kinds of different things including a railcar business very much a single business entity and we've talked in the past how feel a lot of the business jet companies. They've gotten multiple businesses Textron's a great example And so this is really gonna make them highly subject to the you know the ups and downs of the market and fortunately the markets in an upturn business jets are selling well but boy. This'll be a real challenge for them. The future i think when there's a downturn in the market bill. Lear william powell. Lear was also an interesting guy course. he's He died longtime ago in one thousand. Nine hundred seventy eight. So it's been it's been quite a while and we've mentioned before that he actually invented the eight track Which many of our Younger listeners are not gonna know what that is. Tell us what is that. Because i don't know what an eight track is. I had one of those In my truck. Back in the let's see would have been in the Early seventies but he was a self taught engineer. But you know what. I didn't realize is that he was actually a call. Your trophy winner. But not for the learjet. Do you know what he won the collier trophy for david. No i didn't know he won a collier trophy. He did for the f. five autopilot. The autopilot was for the lear jet. Not for an f five. That was a test david. You passed double checking very good man. So yeah now bombarded says that they're going to continue to to support the aircraft ecorse encouraging and really to be expected But yeah it's kind of sad to see an old name like that disappear all right we have From marketwatch archer aviation gets one billion dollar order from united airlines on the same day announces. A deal to go public Max united airlines united is getting interested in vitale aircraft.
Biden Takes To The Road To Push His COVID-19 Relief Plan
"President biden is on the road this week. He wants congress to pass his one point nine trillion dollar covert relief package. And so he's making the case for it directly to american citizens last night. He was in wisconsin for a town hall produced by cnn. and host. anderson. Cooper asked the question. When is every american. Who wants it going to be able to get vaccine by the end of july this year. Npr national political correspondent. Mara liasson is good morning mar. Good morning joe. Biden took a lot of questions about vaccines and also a lot of questions about when schools are going to reopen. How yes school. Openings have become a really controversial issue and a potential vulnerability for the white house. The republicans have been saying that biden is not being aggressive enough on something that too. Many americans is the most important signal of getting back to normal. In addition to the many reasons why it's important for kids and parents to get schools open and one of the reasons that this could be potentially damaging for the white house is that the president's press secretary had set a remarkably low bar of what biden meant by school opening. She said that he wants half of them. Having in person instruction one day per week by the end of his first one hundred days last night biden said that was a mistake in communications. He wants to see k. Through eight classes back five days a week. Here's what he said. We'll be close to that. At the end of the first hundred days you'd have a significant percentage them being able to be opened my rent. My guess is they're going to probably be pushing to open all for all summer to continue like it's different semester days a week or a. I think many of them have five days week. The goal we five days a week. So that's a more ambitious goal. But as biden pointed out is a state and locally controlled thing can set goals put out guidelines. But it's not up to him. Speaking of ambitious he still wants one point nine trillion dollars. There are critics of his plan. There are economists. also who say that's just too much money it seems like biden is saying. Let me make the case to the people who are suffering and explain why we need one point nine trillion. Yes and he did that last night. He pointed out the polls show that many republicans even trump voters are support. The package the package has very very high approval ratings and even though it's not popular with republican members of congress biden also defended the price tag saying. There's a consensus among economists. About spending more rather than less. And you know both biden's treasury secretary janet yellen and the fed chair. Jerome powell have both said that a bigger package is better and if it does spark inflation they can handle that. What's unclear is if the package will get any republican support in congress. Despite those bipartisan talks. You know senate minority leader mitch. Mcconnell told the wall street journal that he thinks the first step to unify republicans and of course. They've been badly split. Deeply divided is to unify around to the relief package. This is what republicans did in two thousand and nine. when they opposed obama's stimulus
Reaction and Analysis of McLaren's MCL35M Car Launch
"Twenty twenty one formula one seasons first major milestone took place that eight mclaren revealing. It's twenty twenty one call the mc l. thirty find and the team finished third and the twenty twenty constructors championship. And it's sayings powell. Thanks to trump as well as getting don ricardo as replacement for karla signs genius with all that change comes expectation and pressure and in this remark podcast recording. We'll be discussing what we learned from town. Today i'm joined sports f jonathan able to sports reports late smith and our technical editor jacob. Select and jake. I'm coming to you. I i question today what are the main takeaway technical changes that you've spotted on the mci five if he changes. There's a lot similar As we expected because twenty twenty cars we know very similar to was twenty. Twenty one calls with regards. Take the carry chassis for covid. Nineteen times Being still prevalent as well so does a few little changes Obviously we know that as the switch to mercedes and that's how big knock on effect to the rear of the car As we know every team has been lifted. Two tokens which they may spend on a certain area of the cost Areas requests takings to to develop The rea- off the chassis takes too so maclean seems to suspend its allowance on developing the era of the of the car. Try get as much bang free stock as it can because switching to the gym obviously if it can improve things there as well then. That's us what he's got a day. let's frontino which is relatively the same. As last year they introduce the. If you like mercedes star news In practicing magellan the carried forward. And i think part of the thinking behind that was because obviously that requires a cross strokes to change to to change in that requires tokens and so if they could do it right in the middle of the season than they wouldn't have to spend it going forward this season Hit them a little bit hard in when when the new updates first came out but they got it together. The end of the season. The place constructors championships. Obviously these changes date eventually bath fruits. But i think the key thing is of mentioned. The tokens have been spent on the rear of the chassis. The mercedes engine is not running power unit. It's a different architecture. It's a different layout and they've got to know. Just consider the mounting points on the chassis but cooling requirements as well and these will have a knock on effect on how the chassis is developed. So that's something they've had to consider. I think the most obvious showing if that is the change. The shape in the air intake before it isn't massively exciting. Last year. Had something of a darth vader mask kind of design which was is incredibly strange design. If you like is a lot more conventional this time it falls in line with what mercedes has every power unit has different cooling requirements Different architectures mentioned in the so getting the right cooling the right parts and the right amounts of cooling is is ideal so that's why they've gone to not direction obviously facing them say he's power unit into the back as well. That's that's something of a change so you'll the body sculpting in different way if you look to reaching point williams and mercedes as well last year. You'd see they'd have sleeping design on on the top of the sideboards and that's just to simply allow to drop down and on top of the floor and if you build you allowing high pressure that's to the floor. And if you building that pressure difference you're getting the disease to work harder now as we know another knock on effect of these regulations is the diffuse the as less potent this time around. They've had fifty millimeters lopped off the internal fences and so getting the to work as hard as it can is absolutely vital and say trying to get that clean athletes the back of the car. That's going to be so so important. In this situation to the regulations and other thing that we denote as well as the flows of changed mclaren has given us a glimpse of what it might look like by. Think that keeping their cards close to the chest on that one if you look at it. It's very very pads down. Let's say it's it's quite simplistic and we saw designs in practice the end of last year. That were a lot more complex. It'd be fat to say so again. Yeah the keeping something that keeping that caused cliffs that chest on that one because this might be an area of intense development of such but if team has a really good idea for that and is able to make up any ground. They've lost because they've lost of the all of these toys at the rear. End the slots the cuts if they can make up with what they do have available to them. It'd be a very lucrative area of development. So i think they're trying to sort of you know play expectations down on that front and just at the rear as well. The railing end. Play is brand new. If you'd seen that curved streak design something that has invented which is something. We don't say a whole lot on this on this channel but something they invent since one thousand nine hundred thousand. Something red bull ran with as well in in twenty twenty. So it's an interesting inclusion. it'd be interesting to see how how that works with the rest of the car. So there's a few to summarize a few new bits that we can see. I think there are more to come. By as a continuation. Looks very very sensible development of mclaren pops what we were
Lawmakers Debate Biden's $1.9 Trillion COVID-19 Relief Plan
"The right amount of money to get americans through a few more months of the pandemic president biden is hoping that congress approves covid relief. Now that they're done with impeachment. A lot of the money would finance payments to americans. Fourteen hundred dollars for most people city states and schools would also get some money earlier this month. The white house economic adviser. Jared bernstein said people need it all. We have to hit back hard. We have to hit back strong. If we're going to finally put this dual crisis of the pandemic the economic pain that it is engendered behind us as you may have heard. The administration is asking congress in total for one point nine to really dollars. It politely turned down a call by some republican senators to spend less but economists still have questions about the price tag. So let's talk this through with npr chief. Economics correspondent scott. Horsely morning. good morning steve. Why would there be doubt about one point nine trillion. It is that price tag one of the most prominent critics is larry summers. Who was treasury secretary. In the clinton administration he was also an economic advisor to former president. Obama summers told. Npr's we edition. It is important for the government to go big but maybe he says not this big. If your bathtub isn't fall you turn the faucet on but that doesn't mean you turn it on as hard as you can and as long as you can. The question isn't whether we need bake stimulus. The question is whether we need the biggest stimulus in american history summers whereas spending this much money on short term relief would make it harder for the administration to the kind of long term investments. That it wants to and things like infrastructure. He's also worried that a rescue package. This big could overheat the economy and trigger something. We haven't seen in a long time. Steve inflation well. How worried if it all is the administration about inflation. The administration is a lot more worried about the people who've lost jobs in about the parents who can't work because their kids are in school The latest congressional forecasts predict. It will be twenty twenty four before we get back all the jobs that were lost last year and the administration says that's not good enough treasury secretary. Janet yellen told cnn. She thinks the us could be back full employment next year. If congress passes the president's rescue plan and keep in mind Yellen used to be the chair of the federal reserve where inflation was a big part of her responsibility. I've spent many years studying inflation and worrying about inflation. And i can tell you. We have the tools to deal with that risk if it materializes but we face a huge issue comic challenge here and tremendous suffering in the country. We've got to address that. That's the biggest risk. Let's ask about the reassurance. She offers there when she says we have the tools to deal with the risk of inflation. What she mean traditionally when the economy overheats and that causes a jump in prices. The fed tries to cool things off by raising interest rates and for decades. The fed was really aggressive about that sometimes. Raising rates preemptively. Just in case prices might go up but now the central bank has really changed. Its thinking about that. In recent years we saw unemployment can go a lot lower than many people expect without overheating and triggering inflation and that was really good for a lot of people especially those at the bottom of the income ladder so the current fed chair. Jerome powell says he's just not to worry about inflation even though he says we could see some temporary price hikes later this year if the economy reopened is there's quite a lot of savings on people's balance sheet you can see strong spending growth and there could be some upward pressure on prices. My expectation would be that that that will be neither large nor sustained for a long time. Now inflation has been lower than the federal reserve would like it to be and the central bank says it will only raise interest rates once we get back to full employment and inflation has been running above two percent for a while scott. Thanks for the insights. Really appreciate it. You're very welcome.
New weekly state jobless claims fall to 793,000 from upwardly revised 812,000
"Sure has turned. What Woz a fairly routine and, frankly ho hum weekly stat into something people pay a lot more attention to the weekly report on first time claims for Ana. Ointment benefits comes out this morning. Analysts are forecasting a decline in new claims they expect to see about 750,000 of those claims last week, down from 779,000 week before now, even with that decline expected today and claims, Federal Reserve chair Jerome Powell says the country has a long way from a normal jobs picture, Powell told the Economic Club of New York continued aggressive policy is needed to help workers, he said. It will take both near term policy and it longer run in vain. Spends to get a strong labor market. The nation's unemployment rate has fallen to 6.3% from its high of 14.8% in 2020, Powell said. Monetary policy alone is not enough to repair all the damage done to the economy. By the pandemic.
Powell stresses commitment to full employment and low rates
"Federal reserve chairman Jerome Powell is stressing a commitment to full employment and low interest rates in a webcast to the economic club of New York Powell says the job market has improved during the pandemic he's hoping for full employment at present we are a long way from such a labor market Powell emphasized the loss of millions of jobs has fallen disproportionately on the least advantaged councils in addition workers and households who struggle to find their place in the post pandemic economy are likely to need continued support the same is true for many small businesses that are likely to prosper in once the pandemic is behind us Powell showed little concern about the risk of potentially high inflation or unpredictable financial markets at Donahue Washington
Why Biden's economic team would rather go too big on COVID-19 relief
"What is going to happen in this economy. Prison biden treasury secretary yelling and a couple of big name. Ceo's including j p morgan's jimmy diamond and sonia singapore from gap had confab in the oval office. Today the president's economic relief plan of course was the topic at hand. Barabra morty is the deputy director of the national economic council at the white house. Welcome to the program. Thanks for having me. Let's start with the news of the day shall we. The meeting in the oval office today between president biden. Insects are yelling and some big business. Ceo's the head of the chamber of commerce was there jamie diamond from j. p. morgan chase. What is the president trying to do getting big business lined up behind him and this relief plant. Well i think that he is looking for their support for the bill and for their knowledge that we need to go big in this moment. I think what the president is hearing from. His top economic advisers is that We are at a precarious moment. Just last week. The jobs report came out and showed that job. Growth is really stalling in america. Even though we're about ten million jobs short of where we were pre pandemic and so. I'm secretary yellen down to his other economic advisers. There is a uniform belief that we need to go. We need to fundamentally alter the trajectory of the recovery and we need to make sure that we're putting money behind putting a vaccine people's arms because the fastest way to get the economy. Moving again is to make sure that we be cooked. Totally agree with the vaccine being this economy right now. I cannot and will not argue with that. But i do want to ask you about this idea of going big as you know. There are some consternation by some that may be one point. Nine trillion dollars is too much that it is in fact more than the economy needs given where for example. The congressional budget office says. We're going to be this summer Where'd you get one point nine trillion dollars and is that too much. I know we don't believe it's too much. And so i wanna talk a little bit about the process by which the president and his team put this package together. I would describe it as a bottom up process so for example there are nearly seven million americans who are behind on their rent an at risk of addiction. We need to provide rental assistance. Those people in the package provides the match rental assistance needed to make sure we keep them in their homes from secretary yell and two other top economic advisors. You is your an asymmetric risks situation. And by that. I mean the risks of going to small with this package far outweigh the risks of going too big so we add that all up. I think the president is very comfortable with the size of the american rescue plan. And i think the american people agree with him. Because there's something like seventy percents support for the package. Let's talk about the the flip side of of going through small which is the concern. The president has one of the concerns about going to big is that there may be some inflation coming in this economy with so much money coming in so soon with the pent up demand. That is sure to happen. Once people can go out and spend and travel and and enjoy life again Are you not worried about that. Well a group monitoring all sorts of different risks to economy and secretary yellen and and others have made clear that they are carefully monitoring the risks of inflation issue. Is that if you do too. Little means that people are going to go hungry. It means that people are going to be booted out of their homes in the middle of pandemic and those are just not acceptable outcomes to the president and look. We are far below the feds inflation target and have been for a very very long time and not to get too wonky owner. I think that the chair powell and others have said the goal is actually to increase in play shen to get closer to that two percent target that they have were. We're a long ways off. I i wonder how Given the the makeup of of the president's economic team many of whom were around in two thousand eight and two thousand nine how scarred people are by the prospect of going to small with a relief. Bill well i can't speak for others and i was not personally there in two thousand and eight thousand nine but i do think that there is a an assessment of the latest and best economic evidence. You look at a where interest rates have been how they have been low extended period of time and you weigh You costs and the risks of adding to the deficit. And i think it very clearly comes out in favour of going big me pick up on something you just said because it struck me when the president said something similar a number of weeks ago that He is he is taking a page from the republicans. Playbook saying look we have to borrow. We have to do deficit spending. It doesn't matter how we pay for it. And i i. Maybe you don't know this. Maybe weren't in those conversations but how did he come around to. You know what we're going to borrow the money the heck with it again. He and his team have been Deep into the economic evidence. And i think over the last five or ten years yet. Economic evidence in support of more robust deficit financing particularly for a temporary emergency measures such as. This one is pretty airtight. The president has been clear that when it comes to permanent changes in policy in other words policy that involves spending each and every year for the foreseeable future that he does think that that should be offset with new tax increases on the wealthy and on big corporations so again i think that is a view that is backed up by the best economic evans
[TEST] OA461: SO MUCH WINNING!
"Arguments. This is episode. Four sixty one. I'm thomas that's andrew. How you doing sir. I'm fantastic thomas. how're you. I am not tired of winning. Well i thought we were gonna get so tired of women. Yeah well no not not not under biden. Never tired of it well. I'm just tired of general tiring time but winning is not one of the things making me tired. That's the the opposite. In fact let the record reflect. The thomas is not tired of winning it. All we're going to talk about some wins. I think today right. We are Love it. I love winds also before we get this show started What is latinos for trump. Oh my gosh okay so like a dozen of you have sent me this lawsuit. It is an and again. I'm grading on a curve. Here i have read a dozen. Sit me powell. Cracking how much can align curve like. You're you're grading on a circle. Words do not do justice of how insane this lawsuit is. We are aware of it. It is definitely going to be either a fun tuesday. Like let's let's breakdown would like lawyers lose their minds lake at right stuff anyway Or we might do it for a lot off respect but in any event like i promise you i promise you i promise you listeners. We we have seen this lawsuit and we have gloried in. It can't wait for that other quick announcements we have back to back q. And a.'s coming out you real soon hughes day. Hewson as the plenty of cues to a. Don't worry plenty of cues. We've got the one on tuesday. I might be when you're hearing this depending on your Your patrons status but we've got one on tuesday. That's the normal monthly qna. That's tuesday at three pacific six eastern. Make sure to hop onto the youtube channel. And join us for that. There is so much talk about so much in fact that we've got another which is what was the last time last episode. Our new weekly cuna app. So if you want to check that out make sure you hop on that stereo up follow at torres and at serious pod and just you'll see the event that we have scheduled every tuesday hop on there so much fun. Don't worry we will not run out of questions. In fact i think in our normal monthly kyun as we get through like twenty percent of the question. So i was gonna i was gonna say third but i am so can't wait. Those are both going to be so much fun and having said that i think We get to start the show now. Announcement
"p powell" Discussed on How I Built This
"This is starting to feel unsafe no matter what. We cannot participate and spreading this virus in our community. The governor hadn't moved yet to close a stay on. I think a lot of folks thought we were responding to a but no we felt really the compulsion that we need to do what we have to to protect portland and so we shut down in the middle of the day moved everyone out of the store and then unfortunately laid off most of our employees within twenty four hours. Because if people aren't buying books we don't have the ability to keep operating so you shut the store down entirely. I mean because this is totally unprecedented. You probably didn't have a plan for what to do. i mean the answer is just. Let's just shut down but it wasn't like let's shut down a move online right. I mean you didn't. We have ecommerce business. Which is successful. But in the moment we fully expected that the governor was going to require all non essential businesses to shut down and for us that meant our warehouse that operates powells dot com so we laid off Quite of number of employees in large part. Because we expected we were going to zero. We expected we were turning all the lights off. We would not be shipping anything out. But i was in touch with her team and they said no. We want you to keep you know your internet business going. We want as many people employed as we possibly can have on health insurance during this time. And i said okay. We can do that so we pivoted as quickly as we could to bring some people back not knowing if we'd have any business to pay them but we had a pretty big spike in orders within the first couple weeks of the shutdown in march and that allowed us to kind of plow through the first month or two before we could get wits about us so i mean within such a short period of time you had to lay off a huge because i think you've got seven physical stores in portland right. We did have. I get the math right. We had five. We're down to just closed our airport store in our home and garden store permanently so now we have three at this point. I'm sorry to hear that Let's kind of talk through. You know there wasn't initial spike in online sales because for variety of reasons people are staying home and hunker down Now were nine months into this. Tell me where where things stand right now. I mean presumably powell's bookstore. You are allowing people in but a limited number of people in. That's right so we closed all of our stores. We kept her internet business going over the summer towards the end of the summer. We were able to open vessel bourbon store. That's one very big space. We felt much more comfortable just opening the door to a limited number of people as a sort of test place to practice. Our other stores were sort of known for well. This room leads to that room. And there's this little hall and that's their there's this corner and so we had to be a lot more cautious in thinking.
"p powell" Discussed on How I Built This
"Hey everyone and welcome to how. I built this resilience edition from npr on. These episodes were hearing from entrepreneurs and other business leaders about how they've been building resilience into their businesses during this very challenging time today. We're going to hear. From emily powell. She's the owner and president of powell's books powell's is based in portland oregon and it's one of the largest family owned independent booksellers in the world. Emily is the third generation owner of powell's books and she knew early on that she wanted to take over the business. Her grandfather's started in nineteen seventy. My grandfather used to drive really beat up chevy truck and i thought it was the coolest thing to go riding his pickup truck. It was the first company car had the powell's logo on the side. And i would say you know the age of three or five. When i grow up. I wanna drive the bookie truck. That was my grand aspiration to drive his pickup truck. So yeah i had a pretty good sense from an early age. When you grow up in a place it's magical powell's was big early and fast. I don't know anyone who would have turned that down. I think is an opportunity. It's pretty pretty wonderful. I also read something that you said that you don't think that powell's would have survived or thrived anywhere else except for portland. Why what do you think so. Well a couple of reasons. You know <hes>. My father was always really involved in the city community in our politics and the streetcar that runs through downtown portland. He was a port commissioner. So we talked a lot around the dinner table about what makes a city work. What makes the city and vibrant and portland's on a lot of things right since the seventies they've been very deliberate about how they plan the city and how it might look in your two thousand or in this case twenty twenty. There aren't a lot of cities that have the same makeup that allow for that kind of vibrant downtown pedestrian environment. So we say to be successful. We need nine. Am to nine pm and pedestrian traffic. Not a lot of cities have that they have portions of that but we have it in spades and then we have our weird. You know at this point. Everyone knows portland is is a little weird. It's a little different. We have a very vibrant arts and literary culture here which i think we've helped participate and contribute to grow. I think this is a city that believes it has to support itself in order to keep going and that's allowed us to survive. I think other cities may be missed that point casually so again for anyone who's been portland. You probably have gone to powell's because it's also tourist attraction because it's such a huge well known landmark in the city and i imagine that you know. Starting in march february march april when started to become clear that that this covert thing was real. We can't walk me through what what was going on at at the store. And what you you start to notice. Well it's easy to forget at this point. In the year that oregon actually had one of the first cases in the united states we were tracking the virus pretty early. I remember being in february. And maybe we want to stock up on soup or something you know thinking about it. We were watching it. We were talking about it. And our management team and friday. The thirteenth was when things started to serve grow in the portland area. We were hearing from customers. We were hearing from employees but more importantly we were thinking. Oh would this isn't going in a good direction. So on sunday of that weekend we had been talking as it management team on the phone most of the weekend and the county libraries closed and we are so large and as such a safe interior space in march in oregon that a lot of people look for places for shelter and so the folks who might have spent their afternoons in the library came to powell's which is great except that now we had a lot more people in the store would have and sunday eleven. Am we made the decision. Maybe it was even earlier. We have to close right now. This is starting to feel unsafe no matter what. We cannot participate and spreading this virus in our community. The governor hadn't moved yet to close a stay on. I think a lot of folks thought we were responding to a but no we felt really the compulsion that we need to do what we have to to protect portland and so we shut down in the middle of the day moved everyone out of the store and then unfortunately laid off most of our employees within twenty four hours. Because if people aren't buying books we don't have the ability to keep operating so you shut the store down entirely. I mean because this is totally unprecedented. You probably didn't have a plan for what to do. i mean the answer is just. Let's just shut down but it wasn't like let's shut down a move online right. I mean you didn't. We have ecommerce business. Which is successful. But in the moment we fully expected that the governor was going to require all non essential businesses to shut down and for us that meant our warehouse that operates powells dot com so we laid off <unk>. Quite of number of employees in large part. Because we expected we were going to zero. We expected we were turning all the lights off. We would not be shipping anything out. But i was in touch with her team and they said no. We want you to keep you know your internet business going. We want as many people employed as we possibly can have on health insurance during this time. And i said okay. We can do that so we pivoted as quickly as we could to bring some people back not knowing if we'd have any business to pay them but we had a pretty big spike in orders within the first couple weeks of the shutdown in march and that allowed us to kind of plow through the first month or two before we could get
"p powell" Discussed on How I Built This
"We're going to hear. From emily powell. She's the owner and president of powell's books powell's is based in portland oregon and it's one of the largest family owned independent booksellers in the world. Emily is the third generation owner of powell's books and she knew early on that she wanted to take over the business. Her grandfather's started in nineteen seventy. My grandfather used to drive really beat up chevy truck and i thought it was the coolest thing to go riding his pickup truck. It was the first company car had the powell's logo on the side. And i would say you know the age of three or five. When i grow up. I wanna drive the bookie truck. That was my grand aspiration to drive his pickup truck. So yeah i had a pretty good sense from an early age. When you grow up in a place it's magical powell's was big early and fast. I don't know anyone who would have turned that down. I think is an opportunity. It's pretty pretty wonderful. I also read something that you said that you don't think that powell's would have survived or thrived anywhere else except for portland. Why what do you think so. Well a couple of reasons. You know <hes>. My father was always really involved in the city community in our politics and the streetcar that runs through downtown portland. He was a port commissioner. So we talked a lot around the dinner table about what makes a city work. What makes the city and vibrant and portland's on a lot of things right since the seventies they've been very deliberate about how they plan the city and how it might look in your two thousand or in this case twenty twenty. There aren't a lot of cities that have the same makeup that allow for that kind of vibrant downtown pedestrian environment. So we say to be successful. We need nine. Am to nine pm and pedestrian traffic. Not a lot of cities have that they have portions of that but we have it in spades and then we have our weird. You know at this point. Everyone knows portland is is a little weird. It's a little different. We have a very vibrant arts and literary culture here which i think we've helped participate and contribute to grow. I think this is a city that believes it has to support itself in order to keep going and that's allowed us to survive. I think other cities may be missed that point casually
"p powell" Discussed on GONE
"<Music> <Music> <Music> <Music> <Music> <Music> Thanks <Speech_Music_Female> <Advertisement> again for tuning <Speech_Music_Female> <Advertisement> into gone. <Speech_Music_Female> <Advertisement> We'll be back <Speech_Music_Female> <Advertisement> next week. Was <Speech_Music_Female> <Advertisement> a short gone. <Speech_Music_Female> <Advertisement> Bide on spotify <Speech_Music_Female> and <Speech_Music_Male> back everywhere <SpeakerChange> else <Speech_Music_Male> the week after <Speech_Music_Male> you can <Speech_Male> <Advertisement> find more episodes <Speech_Music_Male> <Advertisement> of gone and all <Speech_Music_Male> <Advertisement> other park has <Speech_Music_Male> <Advertisement> two originals <SpeakerChange> for <Speech_Music_Male> <Advertisement> free on spotify. <Speech_Music_Female> <Advertisement> Not only <Speech_Music_Female> <Advertisement> the spotify <Speech_Music_Female> <Advertisement> already. Have all <Speech_Music_Female> <Advertisement> of your favorite music <Speech_Music_Female> <Advertisement> but now <Speech_Music_Female> <Advertisement> spotify <Speech_Music_Female> <Advertisement> is making it easy <Speech_Music_Female> <Advertisement> for you to enjoy. <Speech_Music_Female> <Advertisement> All of your favorite <Speech_Music_Female> <Advertisement> podcast originals. <Speech_Music_Female> <Advertisement> Like gone <Speech_Music_Female> <Advertisement> for free <Speech_Music_Female> <Advertisement> from your phone. <Speech_Music_Male> <SpeakerChange> Desktop <Speech_Music_Male> or smart speaker <Speech_Music_Male> to stream <Speech_Music_Male> gone on spotify. <Speech_Music_Male> <Advertisement> Just <Speech_Music_Male> <Advertisement> open the APP and type <Speech_Music_Male> <Advertisement> <SpeakerChange> in the search <Speech_Music_Female> <Advertisement> bar <Speech_Music_Female> <Advertisement> and don't forget to <Speech_Music_Female> <Advertisement> follow us on facebook <Speech_Music_Female> <Advertisement> and Instagram <Speech_Music_Female> <Advertisement> at podcast <Speech_Music_Female> <Advertisement> and twitter <Speech_Music_Female> <Advertisement> at broadcast <Speech_Music_Male> <Advertisement> network. <SpeakerChange> <Speech_Music_Male> <Advertisement> We'll see next time. <Speech_Music_Male> <Advertisement> Just because <Speech_Music_Male> <Advertisement> it's gone <Speech_Music_Male> <Advertisement> doesn't mean it <Speech_Music_Male> <Advertisement> can't <SpeakerChange> be found <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> gone was created <Speech_Music_Female> <Advertisement> by Max Cutler. <Speech_Music_Female> <Advertisement> In his parking <Speech_Music_Female> <Advertisement> studios original <Speech_Music_Female> <Advertisement> executive <Speech_Female> <Advertisement> producers <Speech_Music_Female> <Advertisement> include Max <Speech_Music_Male> <Advertisement> and Ron Cutler <Speech_Music_Male> <Advertisement> sound designed <Speech_Female> <Advertisement> by Scott Stronach <Speech_Female> <Advertisement> with production <Speech_Male> <Advertisement> assistance by <Speech_Male> Ron Shapiro <Speech_Music_Female> Carly Madden and <Speech_Female> <Advertisement> Travis Clark. <Speech_Music_Female> <Advertisement> This episode <Speech_Female> <Advertisement> of Gone <Speech_Music_Male> <Advertisement> was written by Robert <Speech_Music_Female> <Advertisement> Tyler Walker <Speech_Female> <Advertisement> with writing <Speech_Female> <Advertisement> assistance by Maggie <Speech_Female> <Advertisement> Admire <Speech_Music_Female> <Advertisement> and stars Molly <Speech_Music_Female> <Advertisement> Brandenburg and <Music> <Advertisement> Richard. Rosner <Music> <Advertisement> <Speech_Music_Female> <Advertisement> <Silence> <Advertisement> <Music> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Speech_Female> remember. You <Speech_Female> can find new paths <Speech_Female> to positively <Speech_Music_Female> every day of the <Speech_Music_Female> year. Follow <Speech_Female> daily quote <Speech_Female> three on spotify <Speech_Female> or wherever. You get your podcast.
"p powell" Discussed on GONE
"Steve said that Susan had run away to be with another man named Stephen. Coacher coacher was a thirty year old from Saint George a town in southwest Utah. They claim that he'd gone missing around the same time as Susan. Steve and Josh had Susan's diaries and claim that this wasn't the first time she lusted. After another man. In fact they said that Susan and coacher had been entangled in extramarital affair. Supposedly Susan had left to right after Josh wink camping with the boys she met up with coacher and they flew away together to Brazil coach. I was familiar with the country since he served as mission there the were shocking and completely out of character for Susan. It's nearly impossible to analyze this theory. Josh didn't offer any evidence to suggest that Susan had ever even met Stephen Coacher. In fact phone records showed that there was never any contact between the two of them coach. You're also had gone missing on December thirteenth. Two thousand nine almost a full week after Susan on top of that while he was from Utah. He'd gone missing in Henderson. Nevada local security cameras captured the last time. Coacher was seen the video showed him walking down a cul de sac in Nevada alone too many including Susan's parents. It seemed Josh was using this alleged affair to deflect attention away from himself and he'd only want to create red herrings because he was responsible for Susan's disappearance Susan's family and the local authorities long suspected that he'd murdered his wife. Even Susan herself testified to that possibility after her disappearance. The police located her safety deposit. Box the one. She told her co worker about inside was a videotape and a handwritten letter in the letter. She wrote her marital problems with Josh. And how she feared for her life if anything happened to her. She insisted that it would be Joshua's fault of you of her friends told authorities that before she vanished. Susan had given Josh an ultimatum. If they didn't fix their marriage she'd leave with the boys in the spring. Allegedly Josh couldn't deal with that possibility. Instead he killed Susan and left her body somewhere out in the Utah Desert. The evidence seemed to support this theory. A lab confirmed that the blood found on the homes wall was Susan's police. Also discovered that Josh had cashed out Susan's retirement fund and had placed a one point five million dollar life insurance policy on her where he was the sole beneficiary. However all of this still wasn't enough to charge Josh. Police didn't have a weapon. Or even any conclusive evidence that Susan was dead. The best lead they had was the blood but Susan have lived in her home for years. It wasn't unheard of for a trace amount of blood to have been splattered on the wall after a minor cut and with two small children spills on the carpet and couch were par for the course. Answers were allusive for detective. Maxwell and the West Valley Police Department with Josh. Out of the State. It was even harder to conduct an investigation. As the years passed they were unable to Locate Susan. Alive or dead since they couldn't find her. It was impossible to tie any evidence back to Josh. Coacher or anyone else but the PAO family saga was far from over in September. Two Thousand Eleven Police in Utah uncovered a suspected burial site in the middle of the desert officials in Washington rated Steve Pals home. He had a strong alibi for the night of her disappearance but they hope they'd find some kind of evidence awesomely. Something Josh had brought with him when he moved from Utah Instead. They found countless hard drives full of elicit videos and images many involve minors in some have been recorded by Steve. The police also found old videos of Steve Stocking Susan without her knowledge on September. Twenty Third Two Thousand Eleven Steve Powell was arrested on charges of child pornography and voyeurism. Nothing they found in Steve's home could be used to explain Susan's case and the search in the desert also turned up. Nothing but josh still felt the heat. The media attention in both states was back on the Powell family. Additionally Steve was no longer allowed to live with minors which meant Josh and his two sons needed to move. Josh claimed that he'd found a place to live but the court soon figured out that he was lying he was still residing with his dad. Custody was handed over to Susan's parents. Chuck and Judy. But Josh wasn't going to take the ruling lying down he went to the courts to fight to get his kids back after all. He hadn't been convicted of a crime and the government. Just take his sons away. The judge ordered Josh to go get psychological evaluations to see if he was fit to be the boy's guardian. In the meantime he was given supervised visitation rights. Josh hated that his boys weren't with him full time but he always treasured the hours they spent together. He settled into his new normal as best he could and he continued to resist the police's efforts to find Susan. By the time February. Two thousand twelve game around. She'd been gone for over two years and the case was cold. Authorities had discussed charging Josh for the crime but they couldn't find any substantial evidence to ensure conviction. They were helpless however they didn't let Josh note this publicly. He was still a person of interest and with more searches in the desert planned. They wanted Josh to sweat. He professed his innocence to anyone who asked he told them all he wanted to do was move on with his life so that he could raise his boys right. He was convinced that his sons were being corrupted into thinking he was a monster he couldn't bear to see them turned against him and to dark plan began to form well. Josh never admitted to any wrongdoing and Susan's disappearance his actions on February fifth. Two Thousand Twelve painted a grim picture of what he was capable of that morning. A social worker pulled up to Joshua's newly rented house for a supervised visit Charlie in Brayden. We're looking forward to spending time with their dad. As the car came to a stop they bounded out ahead of the social worker. She ambled up behind. The Ms Josh stood in the entrance. The two boys ran inside but before she could get there. The door slammed shut. It was locked she naught but Josh didn't open up. She immediately called nine. One one minutes later Josh's lawyer received an email with no subject line from Josh. The message was short. I'm sorry goodbye outside of his house. The social worker was frantic. She didn't know what Josh was planning on what he was capable love. No one was there to help and they wouldn't be for several minutes a moment later there was a violent blast and the house was engulfed in flames. It had blown up by the time the authorities arrived. The inferno was raging. Nothing to be done once. The fire was extinguished. Investigators surveyed the home. The bodies of Josh and his boys were found in the rubble. He'd intentionally set the fire and had attacked his two sons with a hatchet before the fumes got to them. The thin veil of presumed innocence could no longer protect him. The young family whose future had once seemed so bright came to an end. Because of Josh Powell given Josh's murderer of his children it seems almost like a foregone conclusion. That Josh had a hand in Susan's disappearance. His accounts of the night in questions seem incredibly suspect in his actions. Two years later proved that he was capable. But there's still no hard evidence to prove Josh Killed Susan or even that she's dead to this day. Susan Powell remains a missing person. No one has ever been charged with her disappearance..
"p powell" Discussed on GONE
"To see Susan alive got wind of the gossip. Her son was home from school and decided to call Josh to his utter shock. Josh answered panicked her son Hung Up. Giovanna grabbed his phone and called back. It rang rang and rang. When suddenly there was a click and meek answer it was Josh. Giovanna was square. Confirm with their questions. Where was he? Did he have the boys with him? Where was Susan? When was he coming home? He should know the police were looking for him. Joshes answers came slowly and he stammered through slightly confused. He had his sons and they were going to be back soon despite Yavuz please. He quickly hung up. It was a relief to know Charlie in Brayden were safe but Giovanna couldn't shake nagging feeling deep inside that all of the problems were just beginning two hours later. Josh called his sister Jennifer she answered but like Giovanna. She was concerned by his tone. He didn't give a concrete nation for where he'd gone and he hung up abruptly after getting off the phone. Jennifer raced over to the Powell House to wait for Josh there. She found detective Ellis Maxwell and filled him in the detective immediately called Josh from her phone and told him he needed to come home now at six forty pm. Josh drove up the street past the police cars and onlookers before he pulled into his driveway. Detective Maxwell was the first one to make it to the car from the driver's seat. Josh only stared at him blankly. It seemed that he didn't care that so many people were looking for him. Maxwell saw the two children in the back. But there was no sign of Josh's wife Susan however the detective noticed her phone on the passenger seat. He asked the Josh where his wife was. But Josh said that he had no idea he'd last seen her the night before but he'd been gone all day. He taken the boys out on a camping trip. That answer made little sense. Why would josh go out camping in the middle of the night with his two young sons? And why would he take his wife cellphone on top of that? It had been Sunday evening. Just a few hours before Josh was supposed to go to work and it was snowing. Maxwell told Josh that he needed to come to the police station for questioning. Josh agreed and trailed Maxwell's car he let the investigators know that he would help them in any way that he could but he was adamant that he hadn't seen Susan's since the night before at the police station. Josh was taken into a small room there. Maxwell asked Josh if he had any idea where Susan could be. Josh said he simply had no idea. Maxwell kept on questioning. Josh gave shifty answers. He claimed he'd gone to a place called Simpson Springs campground to try out some new camping equipment. He said he'd simply lost track of time thinking. It was Saturday instead of Sunday drew maxwell. Josh seemed extremely uninterested in helping locate Susan. He didn't show any sense of urgency regarding her disappearance. He just kept repeating that. He didn't know why she'd left. Everything about their marriage had seemed fine to him. It was frustrating. But there was only so much they could do. Maxwell let Josh go after their interrogation after all he hadn't been accused of anything at nine PM on December seventh. Two thousand nine. Josh Powell drove home again and parked his van. Neighbors later reported that they saw the light in the garage all night long and heard the sounds of cleaning by the next morning word. Got Out that. A suburban woman had gone missing under mysterious circumstances. The local news station followed the case closely two days later on December ninth. Detectives were back at the Powell residence. This time with a search warrant they were going to see if they could find any new information that could lead them to Susan in the living room by the Fan. They came across a few droplets of blood on the bottom half of the wall. They swabbed these incent them back to a lab for tests. The carpet gave up no clues. It had been thoroughly cleaned and didn't have any traces of blood. The van was completely cleaned out. Glaze were only able to find the camping supplies. That Josh had claimed he was testing the next day. The investigators drove out to Simpson's springs were. Josh claimed he'd gone with his two boys. But the harsh landscape offered no clues it had been snowing for the past three days and any tracks that could have been left were obscured. It was a vast desolate wilderness. And the police were unable to locate his supposed- campsite to an outsider. Looking in it appeared. Susan had been killed and Josh was prime suspect. His later behavior only made things worse. Josh quit his job. After Susan disappeared then pulled his two sons at daycare and on December fourteenth. He hired a lawyer claiming he was tired of being badgered authorities. Ten days later on December twenty four. Th Josh was publicly named a person of interest in Susan's disappearance it was the best that the West Valley Police Department could do. After all there was still no physical evidence. Even so suspicion was growing in the community and Josh wanted out of Salt Lake City from the sideways glances in the grocery store to the looks of judgment from his neighbors. He couldn't take it on January. Sixth Two thousand ten. Josh packed up his belongings and headed back to Washington. The police were powerless to stop him a month. After his wife went missing he too was gone and the moment he left. He stopped helping authorities altogether. The chances of finding Susan Alive diminish coming up theories on what happened to Susan. Was she a runaway in love or a victim of a tragedy. Now back to the story it had been. Nearly a year's in Susan Powell disappeared on December. Sixth two thousand nine. The authorities were fairly certain that she'd been murdered but they had no physical evidence to prove it. Their main person of interest Susan's husband. Josh Powell was hundreds of miles away. He and his two boys were living in Puyallup. Washington was the Josh's father Steve. He hadn't cooperated with the investigation since he left Utah. Meanwhile Josh and his son settled in with Steve. It had been six years since Josh's father hit on his wife causing the couple to move away but josh felt perfectly at home with Steve even better. The police attention wasn't so intense in Washington and out of the spotlight. Josh could look after his boys without judgment. Meanwhile he and Steve Tried to answer the accusations with their own version of events. They had a theory and they were going to let the media know about.
"p powell" Discussed on GONE
"p powell" Discussed on GONE
"By two thousand eight their relationship wasn't shambles. She became increasingly worried that he would do something rash but she stuck with him because of her unwavering Mormon faith in the LDS church. A marriage is eternal and unbreakable even if the couple legally divorces God put Josh in her life for a reason and she wanted her kids to have a conventional family and either way she couldn't just leave. She knew Josh would do anything to keep the boys with him. She didn't seriously think he'd ever hurt his sons but she wasn't sure he'd be so protective of her. Just in case in two thousand eight she wrote a letter and put it in a safety deposit box. She told her co worker that if anything happened to her even if it looked like it was an accident. Josh had probably done something she told them the letter would explain everything. Eighteen months later she vanished coming up the day Susan disappeared. Hi It's molly. I'm so excited for you to check out the new podcast original series daily quote. If you haven't had a chance to hear it yet daily quote is two to three minute. Podcast meant to inspire uplift and motivate your day every day hosted by the extremely talented Cape Leonard daily quote not only shares a meaningful quote from history but also gives you the context in meaning behind it and right now. I'm thrilled to be able to share today's quote with you. It's by the American poet singer and civil rights activists my Angelo. If you enjoy this episode make sure to follow daily quote free on spotify or wherever you get your podcasts..
"p powell" Discussed on GONE
"Susan Cox was a precocious ten year old. When her parents moved to the suburbs of Tacoma Washington in nineteen ninety one she was the third of four girls and her parents were used to having their patients tested the household as a whole was incredibly loving. There were also deeply religious and regularly attended a local Mormon temple. Susan's faith became a cornerstone of her life and dictated many of her decisions. She and her three sisters often played music and saying during Church Services. Her happy supportive. Upbringing helped Susan grow into confident. Bubbly Young Woman. She was extremely outgoing and her classmates knew her for her great sense of humor. She was popular and widely liked by the time she started high school. Susan had planned out her entire life. She was going to marry the perfect Mormon guy and open up a business with her sisters. A beauty parlour groomer hybrid where pet owners and their animals could both get their hair done. They were going to call it. Beauty and your beast. It was a fun youthful dream as Susan. Got Older or goals became more grounded. But she never let go of her love of the beauty industry when she was eighteen. A local cosmetology school offered her a scholarship and she sees the opportunity when Susan graduated from High School in two thousand. Her Future was looking bright. She dove headfirst into her classes at beauty school. She was often spotted around town in her car. Upon closer inspection passersby would notice a pile of practice mannequin heads strewn across the back seat. Susan's friends were always sporting new hairdos. Susan had styled. While Susan worked hard in school she was still completely committed to the church and she was still looking for a future. Mormon husband which was incredibly important in her religion. The summer after she graduated high school she began to attend singles functions. That are local temple there. Eighteen year old. Susan met twenty-three-year-old Josh Powell. It wasn't love at first sight when he invited her to a dinner party at his apartment she turned him down however a few weeks later. Susan changed her mind and took him up on the offer. Maybe they were more people. She could meet their but surprisingly at the party. She found herself drawn to Josh. He was a little Dorky but she liked his dry sense of humor. He was different from the boys she'd met in high school. He seemed more adult. Sure he'd never gone on his mission which was considered a pre Iraq for a good Mormon husband but he was in church now so Susan believed his faith was pure class. Josh was enrolled in the business program at the University of Washington Tacoma which meant he was thinking of the future. She decided to stay late after one of his dinner parties to help him clean up and wound up staying over. They talked early into the next morning falling asleep while whispering secrets to one another. He told her his parents divorced when he'd been a teenager. And the turbulent home. He'd grown up in. He wanted a tough line with his dad was not only agnostic but staunchly. Anti Mormon citizens sympathized with Josh's struggles and admired his appearance commitment to the faith. They soon began to date. After only two months Josh proposed to Susan and she said Yes while it may have seemed fast to those outside of the community too many Mormons. It isn't unusual. The couple was married in a small ceremony at the Portland Oregon Temple in April. Two Thousand One shortly after the wedding. They decided to move in with Josh's father. Steve Powell the couple one to save money after all Josh needed to pay off his student loans however the life they found in Steve's home was less than ideal the house was crowded several of Joshua's siblings were living there with their families. To and Josh's Dad was odd. He often had his video camera on hand and recorded everything. He came across even the most private moments and often without permission. That wasn't the only source of frustration. Citizens started to feel pressure. Put Her dreams on hold. Josh was close to graduating with his bachelors and neither knew where they go after he got his degree. If he found a job out of state she didn't know if she could finish beauty school but Susan told herself didn't matter she loved Josh so she was okay waiting for him to make the big decisions about their lives in two thousand two. Josh graduated from the University of Washington Tacoma with a business degree it was joyous time for both his hard work. It paid off and they were going to really start their life together but Joshua's various business plans never panned out. He lacked follow through. He got an entry level job. But they stayed at Steve's House Josh couldn't afford to pay off his loans and make rent and things were own getting stranger at home. Stephen taken an odd liking to his daughter-in-law he regularly made awkward comments about Susan's body. She acted as if nothing was happening. Only shrugging them off. Hoping he'd get the hint but Steve Only escalated his attention. Susan could tell someone was going through her laundry sometimes. Her underwear would go missing. She tried to ignore it. It might have been one of her young nephews just playing around but she could never shake the thought that it could have been Steve. Two in two thousand and three things came to ahead. Josh had considered becoming a commercial truck driver and Susan went along with him to a practice class for moral support. She was waiting for Josh's class to finish when Steve called and offered to drive her home. She agreed but on the road. He professed his love for her. Susan was floored but she kept her cool. She laughed off his advances as nothing more than a joke and kept quiet for the rest of the ride when they got home. Susan went to her room and waited for Josh when he finally got back. She told him they needed to leave. It was non-negotiable. There were only a few places they could afford to go one being Salt Lake City. Where one of Josh's sisters lived. They packed everything and left on Christmas. Eve thousand three for a year. The couple lived with Josh's sister then in two thousand four. They bought their own home. Initially Susan. Hope. This was a fresh start. But their marriage only went downhill. Josh couldn't hold down a job and Susan had to pick up his slack. She gave up her dream of her own does Matala she business accepting a job at wellsfargo. Josh was frustrated by the turn their lives and taken and stopped attending church. Susan was even more disappointed in his lack of faith. But just as the mirrored seemed unsalvageable. She discovered she was pregnant. Josh seemed really excited to be a father so he and Susan committed to making things work in two thousand five. Susan gave birth to their first son. Charley and then two years later Raden came into their lives. Josh and Susan adored the boys unconditionally but their love for one another was routinely tested. Josh was increasingly controlling. He Criticize Susan for tithing or giving ten percent of her earnings to the church. She in turn became disappointed in his lack of business sense. This was never more apparent than the time he decided to become an independent real estate agent. He'd never sold a piece of property before but he signed a contract with the yellow pages for over eighty thousand dollars worth of advertisements. He quickly lost interest in the idea and stopped paying for the ADS. It didn't take long for yellow pages to file a lawsuit. Susan worked tirelessly to bring in enough money to afford groceries for her family and work off Josh's debts. She was still a dreamer but her dreams were a lot smaller now. She just wanted to be able to hold everything together. Her life was a far cry from what she thought it would be when she was eighteen..
"p powell" Discussed on GONE
"To gone a podcast original molly. And I'm Richard every other Monday. We examined mysterious disappearances and the theories they spawned from the Amber Room to Michael Rockefeller Picasso paintings to the entrusting language the roanoke colony to the lost Russian cosmonauts. If it's gone we're looking for it. You can find all episodes have gone and all other are cast. Originals for free on spotify. Or wherever. You LISTEN TO PODCASTS. To Stream Gone Freon spotify. Just open the APP and type gone in the search bar at podcast cast. We're grateful for you our listeners. You allow us to do what we love. Let us know how we're doing reach out on facebook and Instagram at podcast and twitter at podcast network? And if you enjoyed today's episode the best way to help us is to leave a five star review. Wherever you're listening. It really does help today. We're looking into the disappearance of Susan Powell. A mother of two from a quiet suburb outside of Salt Lake. City UTAH. Despite the Powell families picture-perfect exterior the in crisis after years of marital strife Susan vanished on the evening of December. Sixth two thousand nine. Two theories have emerged to explain what might have happened to her. Some believe that Susan may have dropped everything and run away with the lover others think that Susan never had a chance to leave because her jealous husband Josh murder..
"p powell" Discussed on GONE
"Due to the graphic nature of this episode listener discretion is advised. This episode includes discussions of emotional abuse child pornography and murder that some people may find offensive. We advise extreme caution for children under thirteen on December. Sixth two thousand nine snow fell lightly on the roof of Susan and Josh Powell's home in suburban West Valley City Utah just eleven miles outside of Salt Lake City. Twenty eight year old. Susan was exhausted or two. Young boys were running around the house and she was struggling to keep up. His wasn't the life she dreamed of but it was the one she had. Susan had spent the last few hours knitting blankets for her two sons. The one for her oldest Charlie had come out fine but the other for two year. Old Brayden was a disaster. Luckily she knew the perfect person to call for how it was early evening. When her friend? Giovanna owings came over. Susan wasn't feeling well and appreciated Giovanna 's willingness to help out as they make progress on the blanket Susan's husband. Josh went into the kitchen to prepare dinner when they all sat down to eat. Giovanna thought it was sweet. That Josh Served Susan her food first but she could tell. There was some tension. Nevertheless she held her tongue. Susan's marriage was none of her business. After dinner they kept working on the blanket but Susan was getting more tired with each passing minute soon. She excused herself claiming she felt tired and was going to lie down. Giovanna stayed help finish the blanket but at five thirty PM. Josh said he and the kids were going out sledding. She took it as her cue to leave and glanced back toward the bedroom. She hoped Susan would feel better soon. But that wouldn't be the case by the next morning the entire family was missing and Susan would never be found..
"p powell" Discussed on Thoroughbred Racing Radio Network
"Sirius xm ports learn what's going to be coming out of the way he wouldn't you know in in in in in very good gold cup day asking fans it is ladies day to ask the thursday a and the festivities are they then sunshine finally after two terrible weather days a not unusual but it certainly is impacted what's gonna go on the day serious to nineteen xm two oh one sports so nine sixty four you're listening to sirius xm online at our website cbc dot com and wesley ward died in the last hour making the decision that may even be american pharaoh wesley ward died in the last hour making the decision that may even be american pharaoh colt richie raven is not going to participate in the norfolk a too soft too soft and the fact that reminds me to reid tweet the turf tracks a going as it were going the royal ask get a soft and good too soft in places i'm gonna send that reach wheat offer everybody for consideration on going and they're they're apparently between the high sun and some win they're hopeful that you know as the day goes on and into these secondhalf into the later today and and friday and saturday a that the courses going to firm up with the worst of the weather behind the a and unfortunately it's costs maven they chance to run today but a wesley expects and even said apparently a detailed written that if the race was tomorrow he'd probably run and they probably be okay but right now little too soft a for a for his going a preference as it were so no maven we're looking forward to that but that's all right and wesley will round out his starters tomorrow and and on saturday we won't be with you tomorrow a we go the half the do best of as we head to central new york later today and we've got zachary a un andrew his wedding on saturday a outside of cazenove you sort of between mainly assam cazenove you sort of just off the edge of the lake and kind of for me it it it's it's a it's kind of exciting and a little different having you know having participated in this vein a i guess says in this case as they a as a stepfather so those those elements family function wise gonna be knew it'd be a new experience for me and i'm excited for the kids they living rochester and of course a teen is been you know heavily involved in all the planning and everything that's gone on so so we will be windy tomorrow will come back a one day and go over the weekend start to start to celebrate new england racing history next week and that'll come in eight on friday with the show from suffolk downs after the first and only time on unfortunately a still expectation that there'll be racing in new england in in some form with the potential for a they the suffolk downs entity that take their license and and bring it's a great barrington a had a will discuss that to next week when they were together a with chip in and and with the everybody involved liver federal win and a it's it's gonna be it's gonna be very a i think it's i i can't say yeah totally sad because it's something that everybody is prepared for but a you know they they they were delta of a very odd hand and there's no point you know and
"p powell" Discussed on WNYC 93.9 FM
"Powell right in the Mel Torme kiss her. That's a good one. Putting a shine on your shoes Schwartz deeds. Tune Lena Horne, sometimes I'm happy lost in Harris. Cole Porter's from this moment on you, see how this works, and it works like a charm. Here's more songbook on Sunday, Paul with you at WNYC, Louis Armstrong. Then there I. I. Jamaica..
"p powell" Discussed on RobinLynne
"Powell destroy any as a communication i bring a high stand it carlotti of you would be no pain to alleviate please thanks to solely done aw with the past something you walked twist think about you think love is not yes bobby baby kush.
"p powell" Discussed on WCBS-FM 101.1
"Powell gene then three the name no they invade yes no no bill the iver.
"p powell" Discussed on Allegedly NYC
"Powell's with that broken down these the effort we need to build these days with gerrard as god thirdly been we must now two friday super reds three two down fine gene bye bye james gunn the japanese neighboring states three the number is luke as soon as both the the reform the the uk is darren criss jim roope from reigned at zero not too fine find eighty june five and by two.
"p powell" Discussed on WAAM Talk 1600
"Powell greens the eu hey dude black of green we we the only called come on ludi lin did little jindiyal clinton in not happy dan gold monet's table ruled that lien the bomb two the do gone back the plan would not be no green building luke the the tom go the get ready to jump into a jeep timed at wrap up the winning with fire.