26 Burst results for "Pettis"
A highlight from A Primer on China's Current Economic Turmoil
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, August 17th, and today we are doing a great, big, what the heck is going on with China episode. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to bit .ly slash breakdown pod. Hello friends, we are rumbling on towards the end of the week. And speaking of rumblings, if you have been watching the macro Twittersphere closely, there have been growing rumblings about China. You see it pop up a little bit in mainstream media and on YouTube's and certainly now happening on podcasts. And then yesterday, Preston Pish tweeted, anyone have a really good and recent article or podcast on what's happening with the economy in China right now? Well over here at The Breakdown, that really cinched it that we were going to dig into this. And before we do the usual caveats, one, I am not a China expert, just like basically I'm not an expert on anything we talk about here. But what we try to do well over here at The Breakdown is aggregate sources to help you better understand what's happening at least a little bit better. And number two, to the extent it comes up, apologies in advance for pronunciations or perhaps I should say mispronunciations. With that, let's try to get a sense of what's happening and why it matters. On Tuesday, the People's Bank of China cut rates on one year loans by 15 basis points to 2 .5%. This is the largest cut since 2020 and was an emergency policy adjustment following the release of some truly dismal economic data. July data showed weak consumer spending growth, sliding investment and rising unemployment. Youth unemployment for people between the ages of 16 and 24 hit 21 % in June. I know you guys can do the math, but to put that differently, that means one in five young people are now out of work. In fact, this month, the National Bureau of Statistics didn't actually release data on youth unemployment, stating that they needed to adjust their methodology to exclude students seeking their first job. Now, over in currency land, the yuan has devalued by 6 % over the course of the year, recently reaching the low point it recorded last October of 7 .3 yuan per dollar. That's the weakest exchange rate for the yuan since late 2007. Data from June showed that China have decreased their holdings of U .S. treasuries for three months in a row, bringing them to a 14 -year low. Some analysts believe that these reserves have been mobilized to defend the yuan from devaluing too rapidly. June CPI data released last week showed that the Chinese economy was in outright deflation. Consumer prices fell by 0 .3 % on an annualized basis. Manufacturing activity has now contracted for four months straight, and GDP growth this year has been paltry, recording 2 .2 % in the first quarter and just 0 .8 % in the second quarter. Multiple international banks have now downgraded Chinese growth estimates, forecasting that the economy will fail to achieve the 5 % growth target set by the CCP. And if that target is not hit, it will be the third year in a row with sub -5 % growth, an unprecedented rough patch in the post -Mao era from 1976 onwards. Now, contributing to this are debt problems, credit problems, and social stability problems. But before we get to those, let's do a whistle -stop review of the last few years in China to see how things wound up in this position. You will remember that during the pandemic, China ran one of the strictest and longest -running lockdown regimes in the world. And while the impact of the lockdown on the people of China was of course immense, the disruption it caused was also a major driver in economic dysfunction. Global supply chains became broken, impacting items from semiconductors to gym equipment. While the fragility of supply chains based in Chinese manufacturing had long been a talking point for hawks in the West, the failure of multiple critical supply chains during the pandemic cemented the idea of reshoring manufacturing across the political aisle in the US. Since taking office, the Biden administration has pursued major industrial policy with a view to decoupling critical industries from reliance on China. The financial sector has also been discouraged from investing in China over the past few years, with a range of policies and pressure campaigns ensuring that capital flows into China are crimped. And as a little bit of a self -shill, if you want to hear about how this has been impacting the development of their artificial intelligence field, go check that out. There continues to be incredible pressure on the Biden administration to even increase restrictions on export of AI -related technology to China, even though many of those restrictions are already in place. Anyway, heading back into the COVID era, as the rest of the world opened up and rolled back lockdowns in late 2021, China continued to be locked down into the strict zero COVID era. Many times, even when it appeared that things were on the verge of opening back up, some new outbreak would cause another lockdown, leading ultimately to citizens bristling at the continuation of tough track and trace policies. Another big notable event during this time was that in December of 2021, the massive Evergrande property development group defaulted on an interest payment on its corporate bonds. The property giant had been severely impacted by a crackdown on leverage within the property sector in 2020 and had struggled to refinance its debt. The tightening of credit standards was known as the three red lines policy and was intended to reduce the credit risk of home builders. When it collapsed, Evergrande had over 50 million apartments left unfinished, leaving homeowners to question whether they would ever receive finished units. The Evergrande failure precipitated further economic problems across China in 2022. Protesters staged demonstrations outside banks, with organized groups refusing to make mortgage payments on unfinished homes. In many cases, mortgages had been taken out prior to construction beginning, and so you can only imagine the frustration of people who were continuing to pay for homes that had been further and further delayed and who couldn't actually even live in them. In that same time period, multiple banks and wealth management products failed across the country and Chinese real estate in general entered its most severe downturn in history. Now the government did step in to manage the Evergrande failure and broader economic contagion. They were, however, in a tough position. Government policy around the restriction of credit to the property sector had been a major catalyst for the problems, but officials were reluctant to wind back the regulations entirely. President Xi Jinping has been outspoken about reducing the financialization of housing, stating, quote, houses are for living in, not for speculation. Now diving a little bit deeper into this area of the economy, the property sector is a key part of basically every major economy, but China takes this element to the extreme. China has one of the most overvalued housing markets in the world in relation to income. On average, an apartment cost over 30 times annual income, with major cities like Shanghai bringing this ratio as high as 50 times income. In the US, the ratio between housing costs and income is closer to four times on average and 10 times for major metros like New York and San Diego. Part of the reason housing is so expensive is that Chinese citizens use housing as a primary store of wealth. Again, this is true globally, but it's particularly lopsided in China. Housing accounts for more than 70 % of household wealth in China. Many people invest in property and then hold it vacant to preserve its value as a never lived in home. China has some of the highest rates of homeownership in the world, with as many as 90 % of households owning at least one property. This skew towards the property sector is largely a function of mistrust in other domestic assets, as well as tight capital controls. The Chinese stock market is notoriously opaque and lacking in the disclosure rules that provide a semblance of investor protection in the West. And while managed investment products are popular, they're often just proxies for exposure to the property sector. Analysts typically measure the Chinese property sector as representing around 30 % of Chinese GDP, which compares to the estimates of around 17 % in the US. Now other countries, including Canada and Australia, have similar levels of household wealth and GDP contribution from the property sector. But the key difference for the Chinese housing industry is the sheer scale of the market. Chinese real estate is estimated to be worth $42 .7 trillion. This is slightly larger than the US real estate market in aggregate, and even a few trillion dollars bigger than the total market capitalization of the entire US stock market. Many point to Chinese real estate then as the largest asset class in the world, and it is going down hard right now. Official data has new home prices down 2 .4 % across China since their peak in August of 2021. Existing homes have dropped by 6 % in the same time. This is already a massive drop for a housing market that was generally assumed to go up forever, but these official average figures don't tell the whole story. In China, closing prices for real estate are not public, so the official data is an estimate at best and a political fabrication at worst. The data relies on surveys and has significant smoothing to dampen trends. This makes turning points difficult to capture and could mean the official data is not telling the full story. Private data from property agents shows major markets like Shanghai and Shenzhen falling by at least 15 % in prime neighborhoods. The real estate surrounding Alibaba's headquarters is estimated to have lost a quarter of its value. Goldman Sachs economist Wang Lishang said, Now, alongside the fall in the housing market, more acute problems in the financial sector have also sprung up recently. At the end of July, Zhongrong International Trust Company missed payments across dozens of wealth management products. The company is a gigantic player in the Chinese shadow banking sector, which intermediates loans between individuals and private lenders. They primarily deal in the sale of real estate backed bonds, and at least 30 products are now overdue, and the company have said they have no immediate plans to make clients whole. Chinese authorities have set up a task force to investigate potential contagion, and banking regulators are looking into risks at the firm's part owner, Zhongjie Enterprise Group. Zhongjie managed around $138 billion. Jason Hsu, chief investment officer of Raelient Global Advisors, said, This was one that everyone knew was going to blow up. Overall, there are 106 trust products across the country in default through to July of this year, worth around $6 billion in principle. Real estate investments have accounted for 74 % of default by value. Corporate defaults are also up in recent months. June and July recorded missed payments on more than a billion dollars in domestic notes. That's the worst stretch since last December and January, which was punctuated by the default of Evergrande. This time around, the problem seems centered on an even larger property developer called Country Garden. The firm is considered by most to be the largest home builder in China and has more than four times as many outstanding projects as Evergrande. Country Garden has missed payments on its dollar -denominated bonds and is currently inside a 30 -day grace period prior to a formal default. Trading has been suspended on at least 11 onshore notes, and payment extension proposals are in the works. Country Garden's January 2024 dollar bond issuance traded at 9 cents earlier this week, an implied yield of 2 ,500%, just to give you an idea of how the market is pricing the firm's chance of recovery here. Now, as credit risk rips through domestic markets, China's major state -owned banks have been told to sell dollars to buy yuan in both onshore and offshore markets. According to anonymous sources speaking to Reuters, Chinese banks have been propping up the yuan throughout the week in an attempt to control the decline of the currency. Now, standard caveat on quoting Zero Hedge, but Zero Hedge is also reporting that Beijing have urged investment funds not to sell off Chinese stocks. Taking a step back, up until recently, the Chinese reopening was a major narrative for markets. There had been turmoil across China over the last two years, but many investors consoled themselves that China would reopen strong and provide some much -needed growth to the global economy. What's happened is almost the complete opposite. Chinese growth has come in weak and sputtered along since reopening. It now looks like China is headed for a recession at best, if not a full -blown financial crisis. Carnegie Endowment senior fellow Michael Pettis wrote, It may seem like terrible luck and amazing coincidence that so many things are going wrong in the Chinese economy at the same time. But of course, it is not a coincidence at all. This is how systemic imbalances work themselves out. I've often written about the Minskyan dynamics of long periods in which market variables move persistently in the same direction. When that happens, businesses, banks, local governments, and households who implicitly or explicitly take too much one -direction risk systematically outperform those that don't, until eventually the operations and balance sheets of much of the economy are directly or indirectly leveraged to those variables. That is why, when that variable finally reverses, the damage can often be much greater than anyone expected, mainly because no one understood the extent of the implicit and explicit exposures. Decades of surging property prices, expanding liquidity, and contracting credit spreads in China have created an economy in which balance sheets have highly correlated mismatches and distortions. In that case, the impact of an eventual reversal is brutally hard to predict. What about the response? Well, three weeks ago, when it had become clear that China was entering another period of economic distress, Chinese leaders vowed to provide more support. The Politburo pledged to spur consumer spending, tackle unemployment, and backstop the property sector. However, details were sorely lacking. The Politburo's statement acknowledged that the economic recovery after reopening was making quote torturous progress and that it was necessary to quote actively expand domestic demand and expand consumption by increasing residents' income. Julian Evans -Pritchard, head of China economics at Capital Economics, lamented the lack of a clear plan. He said at the time, Given how bad things are at the moment, it is a bit disappointing that they didn't give us some figures. And while their statement did recognize the risk to the economy, Evans -Pritchard said quote, They are not so desperate that they feel the need to resort to the old -school Big Bang stimulus. What he's referring to is that during prior downturns during the 2008 global financial crisis and the 2012 euro crisis, the CCP was eager to dole out massive stimulus on the supply side. The Chinese government directed the stockpiling of commodities and gigantic infrastructure projects to keep growth ticking over at a fast pace despite global economic turmoil. This time around, as of yet, there is no clear policy, just haphazard emergency interventions. For example, the People's Bank of China has cut rates, but there's a limit to what monetary stimulus can do to support consumption. This time, the problem is deflation, a collapse of demand. Until now, Chinese policymakers have largely been able to keep the economy out of the ditch using only supply -side stimulus, but it's not clear that that will work again. Late on Monday, Kai Fang, a member of the Monetary Policy Committee at the PBOC, warned that emergency rate cuts would not be enough. He said, Fang joins a growing chorus of economists insisting on direct transfer payments to consumers in order to support spending. This option has been controversial with senior Politburo figures, however, and so far Beijing has ignored the suggestion. Many have suggested instead that tax and fee cuts for companies were the most direct, fair, and efficient way to stimulate the economy. Senior Party members also have a history of warning against the Of course, the concern is that the underlying problem might be a simple lack of capacity. China's government resources are distributed through numerous local governments. These governments typically raise funding through land sales, but with the property sector in trouble, this line of revenue is less viable. There has also been an ongoing dispute between the central party and provincial governments. During the turmoil of the last few years, Beijing has been reluctant to come to the aid of overindebted regional governments. Estimates vary wildly due to the large amount of off -balance sheet liabilities, but Goldman Sachs analysts think there could be as much as $13 trillion in debt held by local governments. China's GDP is around $17 trillion annually, so there could be significantly less fiscal space for stimulus than the publicly disclosed figures imply. Liu Chao, professor of finance at Peking University, said, Now, as you might imagine, overarching all of these economic problems are the very real political considerations. Tensions around the rule of President Xi Jinping have started to come to a head around the financial turmoil of the last two years. For the first time, we've seen evidence of open protests against Xi on the mainland. Now, of course, it's impossible to tell how widespread the antipathy towards Xi is, but it's hard not to view at least some of the events of the last couple years as cracks emerging. And so really where we're left to do a very brief summary is a situation in which a set of challenges are converging all at the same time. And they're a set of challenges not necessarily easily solved by old techniques. Officials are caught between wanting to run back the old playbook and trying to figure out if there's a new playbook that'll work better. Michael Pettis again wrote, What got China into this mess has been over a decade of massive amounts of investment in unnecessary infrastructure and empty apartments. If this investment had been economically justified, rising debt would have been more than matched by rising productive capacity and GDP, which means local government debt would have never become the problem it has clearly become. I understand why many policy advisors are so worried about China's economic slowdown, that they are turning again to the old policies that boosted GDP in the past. But more of the same won't get China out of the mess that more of the same got it into. Now, of course, outside of China, the big questions are how a Chinese recession or slowdown or even financial crisis will impact the global economy. One thing that some observers have noted is that we haven't had a normal business cycle recession in so long. In other words, we haven't had a downturn precipitated by anything other than a financial crisis for so long that we kind of don't know how to handle it. We don't really have a playbook for what to do with it, at least not one that's been updated recently. To some extent, I wonder if the not knowingness of the situation is contributing to the anxiety around it, but as with any macro topic, it is an extremely dense, complex, nuanced intertwined set of issues. And so the best we can do is keep trying to keep track of it and recontextualize as new events teach us more about what's happening. Hope this was a helpful primer, at least a little bit on what's going on. Until next time, peace.
"pettis" Discussed on AP News
"For those who have been wronged and betrayed, I am your retribution. Former UN ambassador Nikki Haley and businessman Perry Johnson are challenging Trump's presidential bid several others are expected to soon enter the race. I'm Jackie Quinn. China's government announced plans for a consumer led revival of the struggling economy as its legislator opened a session on Sunday that will tighten the president's control over businesses and society. Primarily coup Cheng, the top economic official, set this year's growth target at around 5%, following the end of antivirus controls that kept millions of people at home and triggered protests. Last year's growth in the world's second largest economy fell to 3%, the second weakest level since at least the 1970s. The meeting is the year's highest profile event, but its work is limited to endorsing decisions made by the ruling Communist Party and showcasing official initiatives. This month, the NPC is due to endorse the appointment of a government of she loyalists, including a new premiere, she's new leadership team will face challenges ranging from weak global demand for exports and lingering U.S. tariff hikes. I'm Sarah Napa. President Biden today travels to Selma, Alabama, to pay tribute to those who took part in the 1965 civil rights protest that came to be known as bloody Sunday. As he's done in years past, President Biden will join thousands for the annual commemoration of a gripping moment in the civil rights movement. March 7th, 1960 500s of peaceful demonstrators walking to protest the fatal shooting of a black man by police, brutally beaten by Alabama law enforcement. Joe Biden ten years ago at the Edmund Pettis bridge. When we saw. Was intrigued, hostility and prejudice. Coming face to face with dogs and courage. Leaders
Biden's Selma visit puts spotlight back on voting rights
"President Biden today travels to Selma, Alabama, to pay tribute to those who took part in the 1965 civil rights protest that came to be known as bloody Sunday. As he's done in years past, President Biden will join thousands for the annual commemoration of a gripping moment in the civil rights movement. March 7th, 1960 500s of peaceful demonstrators walking to protest the fatal shooting of a black man by police, brutally beaten by Alabama law enforcement. Joe Biden ten years ago at the Edmund Pettis bridge. When we saw. Was intrigued. Hostility and prejudice coming face to face with on dogs and courage. Leaders in Selma are hoping President Biden today will also address tornado damage from a January storm that is laid bare issues surrounding poverty. I'm Jackie Quinn
"pettis" Discussed on WTOP
"Of bloody Sunday. That's the day in 1965 when white police attacked black voting rights marchers, attempting to cross the Pettis bridge. The images of that violence shocked the nation and helped galvanize support for passage of the 1965 Voting Rights Act. It's 1218. Time for traffic and weather on the 8s? Watching the roads read a Kessler in the traffic center. Well, if you're on the Baltimore, Washington Parkway keep an eye out in the area of NASA Goddard for a crash in either direction. We see delays north bow down a green belt southbound from one 97. Also seeing delays right now along route one in beltsville approaching and passing powder mill road. So watch for a work crew. It looks like it may be in both directions. Definitely seeing delays both ways and builds full, along route one, so again, watch for the work crews, northbound 95 slows before two 16, headed towards 32 where work should be taking lane, looks like the earlier work that was southbound should be cleared. Elderly above the beltway delays before the American legion bridge headed towards Georgetown pike the work in the left lane. We also still have the delays on the inner loop in the through lanes. It is near telegraph, there's still cleaning up the earlier truck fire that inner loop delay begins after I two 95 crossing the Woodrow Wilson bridge, headed into Alexandria, westbound 66 slows approaching and passing glee road. This is the work on the right side. You'll also see on 95 in Virginia southbound delays out of Dale City trying to head into dumfries with work taking Elaine, seeing a delay northbound in Dale City, trying to head into woodbridge so they may have set up another work crew taking lane. Replace your afternoon coffee with a 5 hour energy, it's perfect when you're feeling coffee out, and your stomach will thank you, discover 5 hour energy. Learn more at 5 hour energy dot com. I'm Rita Kessler, WTO P traffic. The latest word on our weather from storm team fours, chuck bell. The third warmest winter on record here in Washington is now coming to a close as meteorological and climatological
"pettis" Discussed on MMA Roasted
"I feel like last year they kind of, they put Pettis and they put these guys into the sharks and they lost and I feel like the Verdun and the Pettis. I think it was a big wake-up call. I think PFI lost a lot of money on that because they gave you guys a $1 million and they all lost in the first round and second round. I feel like they're giving them easier fights this year. Yeah, they're true. They're trying to build them up. They're trying to build a model. They thought that well, I think, honestly, a lot of it came down to like the athlete not taking it seriously. You know what I mean? I don't give a shit like the difference between the best guy in the world and the fucking hundredth best guy in the world is 10%. You know what I mean? So if you got one guy that's Boston is ass because it's like the opportunity of a fucking lifetime and like he's going in there to fucking die and you have another guy that's just like I'm here to collect the paycheck. That shit shows in a fight, you know what I mean? You got one guy that's fucking dead ass serious one guy that fucking trained three days for a fight. It's like I don't give a shit how good you wear who you beat you know what I mean? Like that dude's gonna beat your ass every time. Especially with signing bonuses. I think they're giving up. Which is the worst thing they could have done. It was all these great for the fighter, but it seemed like it didn't really lead to them really being very hungry because everyone that's telling me what it seemed to lose right away. So Chris wade versus Kyle Bosch neck, I like Chris. Do you ever go to your chairman Chris? No, Chris just thought my boy Lance, that last bite. He's good, man. He's pretty good. He'll win that fight, I think. And then what about Pettis for Stevie ray?.
"pettis" Discussed on MMA Roasted
"Here are some highlights of it. I started out trying to find my way. I know. She was really good at all smart to go for the bodies. And can I have a chat? So that was okay. That looked like marshmallows hitting other marshmallows. For those of us that don't follow pop culture is blac Chyna either black or Chinese or is that just his she's the one, she got famous but I think she was banging Kanye and then she ended up marrying Rob Kardashian and then they had a baby. And now rob has like full custody or mostly custody and she clearly has to trigger the last time I saw him. And then she sued the Kardashians like a $100 million for a sabotaging their reality show. I guess, and then she lost. And then now she's here doing bare knuckle. Would you take them to international court? Maybe that's how she got the name blac Chyna. So yeah, blac Chyna. And then benzino, remember benzino, we talked about him. Sure. He also did some celebrity boxing. This has got to be fake. I think he paid this guy to go down. You're not going to convince Greg that any celebrity boxing was fake. All right, so that's benzino. Yeah. Well, he tackled him and then the guy laid down. And now he's convulsive. He's knocked out like a fucking like in the three Stooges with his leg. Man, I can't. Oh my God. So guess what? I'm guessing the guy that knocked out is not famous for being an actor. I'm like, you must be something other than an actor. That was cool. Dude, the look I chose face sometimes. Is the funniest? The funniest. All right, so this week, Jeremy Stevens is fighting in the PFL. He should win this fight. I feel like they're trying to get him into like the playoffs because they gave him a guy who's miles price who's ten and 8. Who's just coming off a loss to Anthony Pettis, obviously no, but he's got some Ireland and he beat Peter queli he lost a strong Carter. So yeah, Jeremy Stevens is a 28 and 20 now. That's his record. Dude, you know what sucks is sometimes that blows up right in their face when they try to get a guy into the playoffs or doing something like that to kind of try to give them an easy win the other guys come out swinging haymakers and I'm knocking them out and ruining the whole plan man. It's a bitch when that happens..
"pettis" Discussed on MMA Roasted
"It has a feeder fight for well. It is, right? Yeah, a few to 5 for wellnigh, will nice fucking animal. Yeah. And then we got who else Alex Hernandez. Is that they got the guy that knocked out what's the name quick? Oh, he knocked out Cerrone. Bill daryus. I was at that fight. You're not going to find your Alex. He's doesn't look like a Mexican, but his last name's Hernandez. Yeah. Yeah, I got you. Yeah. He's good. He's fighting moicano. Who just beat Jai Herbert, lost a fazaia loss of The Korean Zombie Swanson lost to Jose Aldo. He's called everybody. I beat Jerry Stevens. Yeah, this may be part of the night right here. That sounds like it'd be great fight. So I don't know who wins that fight. Who do you like? Oh. Man, I would say, let's say an old boy that has all that all those people that he fought and not oh my God. Yeah. But they don't have any people and still weathering and still in the UFC. That's just saying something. So I agree. I agree. And then finally, who wins? Colby Covington or Masvidal. Colby, all day. How? I'd say he takes Masvidal down or catches him with the cross. Say Colby, when he sees blood, he goes after it, that's for sure. And mosquito does too, but I think mosquito is a first round fighter. After that first round, I feel like he depletes a little bit more. So I definitely got Colby in that fight. You can get in his head, but then he didn't master it all knock out wonder boy in the second round. Is that the one? Or was it Darren? No, that was Anthony Pettis. Pettis, or did he not go Darren till last at all? He knocked out the knocked out there until yeah, when Darren was still Salvador, he hit him with a boom, boom, boom. Yeah, that was straightforward. That was second round, but I mean, you got till he gases in the first 45 seconds. Till it gets more popular with his losses. It seems like more and everyone likes him better. It's the craziest thing. 'cause he comes out to come on Eileen every time. All right, and then build Masvidal versus Colby. I mean, mastro hasn't fought in like three years. You know what I mean? And he's the last two were lost. I don't know. I have to go with Kobe, of course. But he lost it usman. Uzbek twice, and he won an idea, but that was the 19th 2019. So I think he's, I don't know. He's getting a little longer the tooth too for the UFC now. He started to get loafs on his body. We'll also have like three promotions. He has like bare knuckle boxing or MMA, he's like, I don't know, you know, he's a scholar. And this is his last UFC fight. Yeah. I just hope he doesn't fight Jake Paul get knocked out. That would be the worst..
"pettis" Discussed on Bloomberg Radio New York
"Oh goodbye the world Hank waters I'm Charlie Pettis stalks lower today's stocks and fact dropped across the board treasury old surged amid a ramp up in speculation that central banks will have to boost rates sooner than earlier anticipated all but one of the 11 industry groups in the S&P 500 fell the Dow Jones Industrial Average had its biggest daily decline since November We begin with the Dow down 543 points down by one and a half percent at one point had been down as many as 650 points S&P down 85 down 1.8% as SmackDown 386 down 2.6% Ten 25 30 seconds ten year yield 1.87% Spot gold of 1813 the ounce West Texas intermediate crude up 1.9% 85 43 apparel I'm Charlie pallet that is a Bloomberg business flash You're listening to Bloomberg you sound on with Joe Matthew on Bloomberg radio Headline on the terminal splinter Democrats stumble toward defeat on voting rights It looks like the votes are most likely tomorrow could bleed into Thursday We'll see how the schedule moves and that's all as President Biden preps for the big show his second formal news conference At The White House the first was back in March Tomorrow it happens 4 p.m. east coast time so you'll want to join us for analysis following the speech that we will of course or the news conference I should say that will of course carry.
"pettis" Discussed on My First Million
"Anthony pettis is fan. We're not nearly as big of a deal as you are in your world. But we're on the cusp being pretty big and we talked to a bunch of amazing people. We've talked to titans of industry. We've talked to billionaires. We've talked to people who have tens of thousands of people who products you use. Whatever i have never been as starstruck or as nervous to talk to someone. As i am now i swear to god. I've been listening to you for for maybe ten years. I've never been this nervous. Okay and so for the audience at home. The only reason. Why sam is saying this right now is because i think you recorded this after the explanation of what happened last time. We were supposed to actually do this a month ago. And he stood me up so he's trying to butter me up because he still feels bad. He was in some villa in hawaii. I'm on the east coast. Freezing my butt off here and he didn't wake up time and now he's trying to tell me that he is starstruck in front of me. I would be happy as the kids say. This is full cap right here. All right so he doesn't know know. This sort of modern winco beat a being dead honest like we've talked to a lot of wonderful amazing people. I've never been this nervous because you you're you don't take a lotta shit you you call people out you know the whole thing with burnin shabas amazing. The whole he'll on the whole thug knows i know about it all. Cop chang's this amazing. That is incredible all that aside. Thank you for having me. In fact a very good friend of mine not named john. Beer named kevin wang of montreal. Again the shoutout he currently lives in new york is wall. I've known him for quite some time. When i think you sent out the initial tweet that would be on. He within seconds sent me the screen-grabbed said this is my favorite podcast..
"pettis" Discussed on Bloomberg Radio New York
"That we've lived here The national weather service is warning the storm system could bring historic rain In Missouri 5 suspected tornadoes at areas around Kansas City during the overnight hours so far no word of any injuries investigators are now zeroing in on the chain of custody of that prop gun that accidentally killed cinematographer alena Hutchins last week on the set of the western rust The sheriff's report says the gun was one of three prompt guns set up on a cart by the film's armorer Hannah Gutierrez Reed Global news 24 hours a day on air and on Bloomberg quick take power by more than 2700 journalists and analysts to more than a 120 countries I'm Michael Barr This is Bloomberg Nathan Sorry Michael thanks 6 36 on Wall Street time for the burden to countenance and advisory sports report good morning John Stan shower Good morning 8th and giant victories have been rare and easy wins even rare but the Giants trail Carolina three nothing and then scored the next 25 a safety three field goals by the ex panther Graham Genoa Daniel Jones touchdown pass to Dante Pettis who earlier on that drive complete a pass back to Jones The quarterback made the best catch by a giant all season giants then Put the game away Holds it a shotgun set hooker to his right Handoff for Booker who runs left makes a man miss to the 15th to the ten to the 5 touchdown giants devonte Booker 19 yard scamper icing on the cake for the giant second win of the season Fan giant defense was outstanding Sam darnold the ex jet back at MetLife struggled and got benched It's the Panthers four straight Lawson's being three O the Giants are two and 5 They play a week from tonight.
"pettis" Discussed on Bloomberg Radio New York
"Tom McKenzie Let's get back to the evergreen story then As investors bet that distressed developer evergreen will avoid a disorderly debt resolution and a so called Lehman Brothers moment will not now come to pass That is the best policymakers are beginning to examine what went wrong and what the implications are for the wider Chinese economy For more we're joined by Michael Pettis finance Professor of peaking university and a senior fellow at the Carnegie quinoa center We could be looking at a restructuring of evergreen into three different entities that the Communist Party Would that align with your views that this will be a managed restructuring at this point Yeah so we've heard several several different stories about different types of restructurings Ultimately the way you have to think about it I'd argue is that you have these sort of hierarchy of interventions that the Central Bank will get the regulators can do And at the very top is intervene and everything guarantee everything and we're back to where we were And at the bottom is do nothing and let the chips fall wherever they may Clearly Beijing isn't going to do wider It's going to come somewhere in the middle But the problem there is that what makes sense economically which is complicated enough is not necessarily what makes sense politically which is also very complicated Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app Or check your local cable listings Markets headlines and breaking news 24 hours a day at Bloomberg dot com The Bloomberg business at and at Bloomberg quick take This is a Bloomberg business lash And I'm current Moscow wasn't he futures lower this morning down 15 points down futures down 89 NASDAQ teachers down 74 and the ten year treasury up 6 30 seconds yield 1.40%.
"pettis" Discussed on MMA Roasted
"I think there's guy on the other couch. There it was a heavyweight happy to to make $50,000 a month. So this week in Bellator, musasi is fighting John Salter should be a good fight. Everyone's I'm thinking John Salter, I mean, he's a guy that he's what his last like, nine or ten fights. His only loss was to a guy who they were off the best guy in the world but the guy had the kind of a brain aneurysm. I'm thinking John Salter for the upset, you McCorkle, I'm going to solve things I've ever even. Heard of other guy, gotta go with what I know the same with you. Greg sure where we at. What are we going home? Yeah, one of the one guy is going to be the other guy and nobody's going to go for Bellator. One guy is going to beat the other guy. Wow. Well, I got to look it up now, they'll be find it. Musashi versus John Salter. Oh yeah, yeah, I gotta go with what with Sean's assessment. I've heard of Wisconsin wage. I don't know, it's alter so I don't really know this championship fights. Yeah, he lost half of the bottle. That was a long time ago and then the 4th for that he had lost his in like since 2010. So sounds of wondering that is this week where I mean I'm trying to show time okay I'm going to Rufio thoughts is a great fighter. Him on the show as fighting ma Gomez, Gomez Was Eighteen and one roof eons 15 and one that you defied I like that should be a very good friend. I am in the PFF, Jack's should be a commute that. All right, so and the this week Thursday, All right, you got it. Also on the 13th on Friday. Ray Cooper, the third Hawaiian do to win the million dollars last year, he beat David, Michaud of the final seems to knock everyone out. This guy, it's fighting, Rory MacDonald in the playoffs. Should be a good fight. Rory MacDonald is fucking serial killer, he's ripped. Now, he's got a whole camp with Timmy, come into pfl, unlikely was his first two fights. Now he won his first fight, he lost a second against placement email, but he really won that fight. I don't know what they were thinking, the same thing, but and then also on this card clay-colored, he's the guy that beat Anthony Pettis he's on the card. He Valla, pardon Curtis millender, used to be in the UFC off, so yeah, yeah, this is the fights in both the pfl. The FL has a weird. You know, they have all these like three weeks in a row. They take like three months off and then I play all starts again. They gotta find some kind of orange juice. Right, seems like I think we almost half. I think if they're Fighters a chance to to, to, to heal, you know, cuz they're fighting this tournament style, which means they're locked into the guys that they thought, I think they just gotta give them time, you know. I I don't think they really have a I mean they could force it to be a lot faster, but you end up with guy, you know, having people four different fights left and right. Because then because of the injuries right? B, f l trade, more millionaires, a year than the FCS I guess the craziest thing ever. I don't know. It's true. It's crazy. Yeah. But they also have like six guys in the roster, but, yeah, but you're right. It is crazy also. Randy Couture hopes to pfl, bring down to fight someone night, twenty twenty year. And he's an old-school guy, you know, Randy back of the day was a monster, just.
"pettis" Discussed on InnovaBuzz
"Welcome back. I hope you weeks paying fantastically awesome sofa. If you haven't yet heard my recent conversations with the queen of the sales success mindset christine sh- lonski and with the author of legendary tommy breedlove. Then go listening there. Well worth checking out but do that often listen to today's conversation. I'm really excited today to have on the another buzz. Podcast is my guest. Petty blocked of the block group petty founded the blocker to empower women. Business owners who are experts in their field her life journey the good the bad allows her to course correct clients by leading and advising with compassion with empathy. End with quiet resolve. The result is a partnership of unbiased accountability helping women position companies financially operationally and technologically for game changing results clients often referred to petty as the business therapist and secret weapon. Pettis rose three fantastic kids. All of whom have launched their careers and also working pettis company. She has intially raised. Her on workforce pettis keys establishing long-term relationships and serving as a strategic sounding board and by doing that clients experienced direct benefits to create real and lasting china turning roadblocks into building blocks in our conversation today. Petty talk to me about differentiating between buyers and clients. She explained how to establish the value of our services and she talked about being the guide for the buyer's journey without further ado. Let's fly into the hive and.
"pettis" Discussed on KOMO
"Station Co mo news 1000 FM 97 7 The stories we have for you here a common news Saturday. These are the sounds of a Confederate monument coming down in Charlottesville, Virginia, earlier today, four years after white supremacist rally to save it at protests in the city that turned deadly to Statue of Confederate General, Robert E. Lee hoisted off its stone pedestal it dozens of onlookers and city officials welcomed its removal. Looks like it will be headed to a museum eventually. But for right now they're planning on storage. Haiti reeling from the brutal assassination of the president, and the attempted murder of the first lady there, who was fighting for her life is tense and on edge right now she's Marcus more in that country's capital, where he interviewed the acting president Claude Joseph. Here's a part of that conversation, a lot of people the international community in the United States. Watching and wondering who's in charge here Now, is there a power struggle going on right now? Who is in charge here in Haiti? I don't know. If there is a power shot, I'm not paying attention. Widow and that there's a power struggle. Paying attention. To giving justice took presidential of men markets. His family. His wife. Sun and does California's recent heat wave with temperatures setting all time records has resulted in a widespread drought with some lakes and rivers right now, in a small fraction of their usual levels for this time in July, an update now from ABC is Matt Gutman, that heat wave as California authorities announcing flex alerts over concerns about power failures. This as the nation's most popular state. Like much of the West Is mired in an historic drought. The governor declaring a state of emergency in 50 58 counties, asking folks to cut water use by 15% not only on residences, but industrial commercial operations in agricultural 95% of California is designated as in a severe drought. This is Cho Mo News Saturday. About a week into Washington's new mask policy. You only have to wear one if you're not vaccinated, But there's at least one industry still requiring face coverings vaccinated or not, it seems like a no brainer to this woman. Our industry. It's still highly recommended. She owns a salon hair, Manny's and Pettis. It's a very intimate Close contact service, right. We have no way of social distancing and some appointments run longer than three hours. She's requiring masks for everyone. Other businesses.
Masks or No Masks? Many Businesses Err on the Side of Caution
"But it's co most Brian Calvert found out There's at least one industry still requiring face coverings, no matter what. It seems like a no brainer to this woman. Our industry. It's still Highly recommended. She owns a salon hair, Manny's and Pettis. It's a very intimate close contact service, right? We have no way of social distancing and some appointments run longer than three hours. She's requiring masks for everyone. Other businesses are choosing to do the same and customers. If you go inside any large store around here, the majority of customers are still wearing masks. Even though we know many of them are vaccinated. Every single life is somebody somebody right and I include myself in there that my grandmother died of Covid meet Crystal Monday. She's still big on wearing a mask. Even though she's vaccinated. She knows others feel the same way for several reasons. They don't really know. Which places they can go to safely. They don't know the vaccination status of people. He's even created a website revealing what businesses in her Vancouver BC neighborhood still require masks, she tells CTV. The website went up this past weekend. By Wednesday, she had to pull the sites comment section because just as there is a vocal group still supportive of wearing a mask. There's a very vocal group that feels otherwise. And I had to pull that because people were going in and making false entries. And then, of course, putting harmful content or, you know, calling people sheep, telling them not to wear a mask. Our salon owner realizes some people are ready to ditch the face covering. She's just not comfortable taking any chances yet. I know that there will be a few people that are quite upset about it. It won't be forever. If you still feel strongly either pro or anti mask an important consideration. Perhaps everyone can agree on right now, as we make a transition is good, old fashioned capitalism. Customers can choose where they feel the most comfortable shopping and at this point there appears to be stores that cater to both sides of this ongoing conversation. Brian Calvert. Common use Comeau
"pettis" Discussed on PUT IT IN THE AIR PODCAST
"I i gotta earshot all right. So i walk up in this spot. Random like items. Get a quick drink real quick. I'm here right. And i wasn't even intentionally innoc- i had to go through the city so like i stop. We stop somewhere sizing apps pick a spot win. Come up in a joint. I'm chilling boo. Boo i come in to the bom position. Some on ended a bomb. Like y'all suck that it. I just take a couple of hands. They like yo owners like You want something to drink. I'm like yeah like audubon center right there. So he like gave right there. And i'm like i cou so as i'm trying to look for the bartender right i'll go past like they say you right here right. I go up this far oblivious. Because i'm just not looking for shit i'm looking. I'm like mathematician. I'm good when she come back out there so to own ago give me to drink like coup and then i'm totally wrong so i stepped over here and i'm waiting. I'm cool now. Sneaky guy. So i looked down right and i notice uis like most women we looking at your face. I i go right. Saw looked down to see what the suit gains. I'm looking. I see this joint. I'm like yo assistance flos got. I bet you do not so. Why is that. Look up like sitting perched just like you on right so out cool so i bust out laughing right like a less so hard as i go back up chilly i get my dream and as i get my drink. Some semi walk to media like yo- so we start talking actually some shit. I'm like i bet but again. I'm on my mission right. So my missions come here grab quick railway and i'm out i just happened to run into a few people i knew so who while i'm talking to the girl. The woman seeing knows he's bodied right. She chose to like you know you see somebody a peripheral. They like dance behind people. They try to back so she crease pass and she goes back and i love like i ain't I hear from me again right it. No disrespect like we're just friends but at the end of the day like i'm gonna see how you play right so but as you believe like who no our super google. Okay i had to get exile dabs like god. I get that. Sony will be super cool. That's that's what i keep feeling like. Nah nah i'm cool. I'm all the way through so ro- role you know what i'm saying. I go on my business. Maybe couple of days go by two. Three net is a person again. 'cause they wanna be my best friend and they want to always let me know that it is pristine model of the woman from me in a glass case. Right was hitting me every day every day. Just good morning rise and shine. I wish you love enjoyed next few days right where i'll super don me. I'm cool. i don't even notice you didn't go. That's i play right by the time. Then no communication or whatever. I go out a game. I'm in no side of this flow to think again. And then i run into her in general like just in general she's like her girls or without fokker and i'm like as we like i see you but i'm not here for you. I'm here for me. So i'm doing me like i always say vip's web. I met my little two foot square. That's my dad. So have it is now chilling and she approached me like. Can i sit next to you know you may not politely. Jewish pettis is long long rows. I know you make us. She's like i can't damn no. I'm enjoying my drinking my mill by myself like i do when i flow you. Good i say no disrespect. I'm good. this is what i desire when you walked out of the house. This is what. I'm keeping right now z. Assisted i'm like you're really shot encroach on my public space. I like your. You really. don't like listen. I sent you a week ago and you see me a week ago. You didn't speak to me. i'm good on you say respectfully. i'm not petty. You're just hashtag respectfully respectfully that is keeping room. And that's how tony percival. If that was the scenario i was in. We are going to the spot. And i see someone who's trying to give me these type of vows but i sit on the leper somebody else. I'm definitely going to go in front. So whip we see each other. We see each other we see and in my mind. If i'm who you make me out to be then you're going to get off that lap and come talk to me. Oh you you understand what i'm saying. Come to me and say something. If you think is is for me my bad tone. My thing is this right. I ain't the. I got this kind of idea. Philosophy of obligate yourself as much as you wanna be obligated right You know what. I'm saying. If i if i see you and you see me and you behave like you don't know me. Guess what. I don't know you either right agree. That's established from that moment on each other right right and that's fair but my thing is especially when i was shaking moving through the city a lot there are so many people frightened the be pretending to be what they aren't and i shit boils my blood so i'm waiting for you to kill yourself need to grow up No i'm dead serious. I literally wait for people to kill themselves. I don't even waste no is like so essentially what you're saying if you in my situation it was just something you saw. I would've been like it's just over out of been like must have been a great time. But i'm good on you okay. Nah i wouldn't have. Because i feel like everything's not black and white and in your situation i would have at given a benefit of the doubt that maybe a front had to be put on now gave. I did see the video. I'll also link cover. I i i know the acti- not having soon gets put on the front. Yeah yeah to make the not mess up the job. I don't understand that. I put on the front. I i know what bob you talking about. But your body is different..
"pettis" Discussed on Strong Opinion Sports
"End up letting botas and Lando through just to you know, he's got to finish the race and didn't want to hold up. A voucher e, Sergio Pettis was back in 64, Red Bull member. Sergio Perez ran wide into the gravel early on the race, trying to pass land in North anyone's lap four or five because there was that restart after the fashion and so later than not only Sergio Perez wipe out and have to kind of lose a lot of ground in the in the field. He also got to 5 Second penalty. So, 10 seconds total of time penalties. Well, defending against Charles LeClaire. Also forcing Charles, LeClaire off wide of the track. So I'm Sergio, Perez, kind of recovered made it to 6. I think should have got V, but had to time, penalties. Lando Norris also got a Time penalty 5 Seconds that happen when Sergio Perez ran wide trying to pass them early on in the race. I did not think I was deserving. I did not believe Lando deserved a penalty there. I thought he should have been more patient. I mean, Sergio Perez. So I guess let me say this if anybody should have been at fault there it was Sergio Perez who I think made a dumb move. You know, not being patient trying to make a move to a quickly and you know should have waited for better opportunity to pass land. Oh, I'm like early in the race. You're like Sergio, why are you making this move right now? Are you trying to catch Max? Like, this is weird and it felt like the wrong time for Sergio to make a move. Try to go around the outside. He ran wide into the gravel. I don't blame landle 4 that I believe in surgery or being impatient. So it was ridiculous. Atlanta got blamed if you ask me, but I still go to say the super cool to see Lando get a Podium. I thought he could have got second if it weren't for that time penalty and whatever else. Who knows? I mean it just interesting right? Like what would have happened if we hadn't had that nonsense to deal with. Now, the battle between McLaren and Ferrari continues. McLaren got 21 points. His language got 15 points and third. Daniel ricciardo got six points in seventh and then Ferrari got seven points on the day. So McLaren got twenty one, seven points behind them, was Ferrari on Sunday, Sans got 5th, place for ten points and Charles LeClaire got four points for eight place. So, fourteen points of the day for a Ferrari 21 points on the day for McLaren. Now, Alpena had a really rough weekend. The French team. Esteban ocon was the only driver on Sunday to retire early, and did not finish the race. Meanwhile, the other Alpine driver Fernando, Alonso time to get screwed over in Q2 of qualifying, he was almost qualified into the top. Ten was going to go to Q3 off. And then at the end of his lap, he ran into a bunch of traffic and Esteban sorry, Sebastian Vettel, Sebastian Vettel in particular gotten his way. So Sebastian Vettel got a bulb.
"pettis" Discussed on MMA Roasted
"It'll be like those look extra crispy to you and he'll like I'm like now now now he's coming so that's what yeah a finger like that's unbelievable. It's got caught in the fence. Is that how it started know? It just think I kicked it and the fucking broke and then they were like fighting and the other guy like I guess he maybe he went to grab the guy's hand or something and off by fucking remove the other guy's finger. Like I don't even I don't understand it. Now. That's someone said people were like to see a lupus, you know, if it was like all kinds of birth to eggs on the gun. They're getting fingered jokes some hair, but I couldn't I couldn't write it. I could I was like, I went to that well our most but everyone like pretty cool with you roast and they're like, they don't think you know, I say most people write most Fighters cool though. Most people get it. Yeah. The only thing they are the ones that get offended on behalf of the other fighter they feel you know, they go there smoked off to make fun of the guy was going armed. Meanwhile the guy one-armed. It's like or well, maybe Angela magana jokes, but banyan's like please stop, please don't stop making jokes. Don't listen to It's like yeah, it's so bizarre birth. Anyway, yeah, so that's all right. So it also more MMA News and then we'll get into some other stuff. But Lyon Edwards is fighting Nate Diaz. Everyone says despite makes no sense, but we're cool with it. That's pretty much the yeah. I mean Nate Diaz to fight the cold and everyone would fucking want to watch it. The guy is really just it's going to be his he ever been in a boring fight in his life. You know, he doesn't have to be boring at that. That being said does he beat Leon Edwards Jake? Man, I don't know what you need to like. You can put a put up about anybody and he's going to draw the people want to see him fight. It's a it's an interesting point. I mean Spell headline fight Adam. Yeah. No, yeah. Yeah. Yeah. It's a the info is wrong. Yeah, I'm from the product is my Wi-Fi better is fucking. Yeah. It's an interesting point five round by round. It's probably event. I mean look, I mean, you're right donate them amazing against Anthony Pettis. I mean, he just beat up Anthony Pettis and then Paris to look good since then so you can't even say he beat a shot Pettis and he went out and got shellacked by Massa dodge a bullet horrible again. Susman and Leon.
"pettis" Discussed on Cheers To Business
"Thousand dollars for employee for ten thousand dollars paid in wages. I haven't seen a restaurant or a bar that hasn't qualified and anybody that was shut down and saw a reduction and revenue at least check it out. Hey everybody welcome to the show today. We're talking about a top but not many people understand employee retention tax credit. But they goodness this lady does ms tricia pettis chief operating officer of payroll bolt corporate pyro about franchising in denver colorado. Hey i'm karen. I'm a former. Cpa entrepreneur business consultant with big ideas. Welcome to tears to business trish. Thank you for being on the show problem. Thank you for having me. Well.
"pettis" Discussed on Power 106 FM
"With me before 18 part because she wanted to be a thought. You know what I did before her party? Call the cops on the part of the Holy Come is my got that party rated. You ain't about to celebrate while not home. Listen to keep the coal and Carl Thomas. Hell, no. I mean, yes, I am Petty and I'm not the only one I hate In a five to a 1059. Listen, What is the Pettis thing You did to an ex after y'all broke up, or maybe they did it to you? Yeah, When they go down you go hot. We get high. How do you know what I'm saying? Is that gold's sound way are going head to head Christmas in the mix. 90 minutes commercial free. LF someone for hip hop power when I was six, when you go low, I don't know any more. About what? Leslie? Hated 2003 white. Put it back. Go to white bus. It ain't safe. Pretty safe. Any safe? Pretty safe, will you Mam? Pipe up, right? Fuck. Hey, man, Safe. Stay things. A man standing tonight, Okay? Yeah. What charisma? Get some money. Somebody caressed my get some money. Somebody's Friday charisma. Get some money. Yeah, Yeah. Get some money. No limit. I'm Intelligent. Hey, always lived. Yeah, I'm never solver is for three days in a row. You're coming over. What happened to kick Roxie out Like some border? Hey, Roy Shopping. That means happened always hopping. Hello. Pop it. She's a proper homey topping. Ain't no stopping album shopping. Got the city on your You planned on me like she tired. I'm a happy Veronica. Welcome. Maya Hope Turn up pot. Humble ia.
Leaves First With Ken Druse
"So yes, oh, foliage so I, if not for the leaves and I have to say with as dry as it's been here, I. Don't know if you're as dry. It's a little tricky to keep all the big leafed things that are my particular obsession. Happy so. Leaves. What's your thing in foliage in Y, Y foliage? Maybe you should. Tell everybody why we're both leaf obsessed. There's so many reasons I'm. Leave obsessed because I love the way you put it in an email to me. I'm sixty percent son. At best so it's kind of a shady garden and some things. A lot of things flour in the shade, but. It's not the big showy flowers so I depend on the foliage and the foliage last three seasons flowers, sometimes flowers have leading. US maybe it'll flower. The longest two weeks would be incredible something flowering. There's so many things in the garden that flower for a day. They don't call them dailies for nothing you know. Yeah but I love the color and the texture and the form, and the mass of and putting it all together, having something, tall and skinny with dark green leaves and something, fat and round and bushy with lots of texture, and when I look at the garden, it's so incredibly colorful, and there's not a flower incite and I've got that for months right. Right so I don't know where we want. It began about time big boys. Voice I you know I don't even know. I. Suppose it began with a plant that maybe I wish I'd never started growing which was for sale at a local nursery. Several decades ago when I first started gardening here, Pettis, it's ex hybrid est it's not actually japonicus. It was sold to me as Japonicus, but it's petty site. It's a a Butterbur I guess it is from Asia. It's big, tall thick stems that hold up a very large, very very large leaf, a couple of feet, few feet across green. It's just green, but it looks very sound like something you'd find in the rainforest. Rainforest or something so very bold, almost tropical feeling and I brought home a pot of it a million years ago and put it in a spot in the backyard and It's a very aggressive plan. It turns out and again this is decades ago. Who knew whatever and so? I have to kind of trench around it or we'd around it to keep it from going sideways everywhere, but so I have this big circle. Circle of it in the backyard we love, and so I suppose that that was one and around the same time that got me addicted to the big leaves, and at the same time, a former botanic garden that's we used to be part of the new. York Botanical Garden the Kerry Arboretum. It was called at the time. The carry institute now of Ecosystem Studies, which is about forty minutes away from here but it. It was on I was weekend. Gardener and it was on the drive was I passed it on the way, and I saw the plant sale, one Friday and I stopped in, and they had two plants that were in their garden. astroboy ladies, which has very big leaves in the shade and Jersey. A-. A cousin of it also brought home pots of those, too. So I think that's where my craziness began bigger, the better. All My life knowing you. I thought that these were intentional things. That smart the way
The Aldi Haul Episode: January Edition
"All right now? This is the hall but their brother. It'd be their brothers store. Career Joe's has just announced their version of plant based Burger. They're calling them protein patties and the box. It looks pretty much like the beyond Burger packaging like the almost exactly the same just with with their own name on it It comes What has eighteen grams of protein made from a blend of protein sunflower oil beats and seasonings and for the package which which comes with two? It's a four dollars and forty nine cents which I believe is significantly cheaper than beyond so I thought why don't we try them. So I went to trader Joe's to go get them and and I did not come back with them. The stats are crazy. High Two hundred ninety calories a patty and twenty grams of fat. That is very high. Weren't aren't they calling them. Protein patties. It should be called Fatty Pettis. No seriously I have to say like I. I would have tried them so I think we should try them. But I don't understand. Like I am a big proponent of plant based Patties I've been eating the Boca patties and the Morningstar patties forever and I thought they were amazing. Doing what I love the most about the original Boca patties. They were seventy sometimes eighty calories. They tasted a lot like burger. There were very low in fat. All all of these new patties are there just loaded with fat and a lot of them with saturated fats. And I don't quite understand why I think they just trying to add so so much fat and flavor and intern calories. They're just trying to fool people into thinking. This tastes as rich as full. Fat Fatty Fat. Now they call them like the bleeding patties. Is there supposed to be like juicy like real burgers. How many calories are in our normal hamburger probably around the same as a lot of these impossible burgers depending on how thick the Patty is? But they're pretty thin. Kim I mean if you go to a restaurant with a big thick burger your pet. He's going to have a lot more but these are not gigantic patty so I would say typically I. I'd be shocked if there was more than three hundred calories and twenty grams of fat in a thin Burger. I honestly think less because think about it even regular ground beef. What to fifty to sixty four ounce portion Kevin probably yeah? I don't know it's upsetting but we'll try. You've ruined everything. Mike Saving the day by not making your try it and now you want it thank you. You're very thoughtful and I know that if there was peanut butter involved in some way we'd be eating those patties right. I found out that it's not today that this podcast airing today that we're recording it. National Peanut Butter Day. What wow law? I hope we get to celebrate Pyotr. You can have more all right. We're GONNA jump into the Aldy Hall. We love all the all. The is a sister store to trader. Joe's I don't know if you have an all near you. I feel like it's even more inexpensive offensive than trader. Joe's there are some fun cool things. What are some of those dickey things? I don't get to go to all these as much as So everything that they have. That's it's their own brand. Looks like the real stuff. So like frosted flakes looks like frost. The other version looks like frosted flakes are. I'm trying to think of some of the healthiest like their their protein. Eighteen bars mirrors and what about checkout again. There's something crazy right so checkout you you have to bag your own groceries. Jamie thought it was kind of funny. Aw I thought it was weird. Because she's putting everything into our cart and I'm thinking if I just open a bag and put it in the car. She's doing the same amount of work. Oh she won't put it in the now we have to take Out of a cheese but she picked up each item and put it in our card so I just wanted to be like. Here's a bag of weight. And so so wait. She won't let you just take it has to. I put it in the car and then you have to go to. Mike said No. You have to go to the bagging station and I think it's efficiency because there are things that go through that line really fast. So I think it's an efficiency thing was inefficient. Whatever it is? They're able to sell things very inexpensively. Mike actually has received today so he may rattle off just how inexpensive some of these finds are truth be told I had nothing to do with picking these products out. They were brought to me. I am being surprised with all all of them sometimes and fake it. I'm sorry like a lot of more new but some of the things we have to talk about this so we did a good job. I hope you did
Anthony Pettis To Fight Nate Diaz
"Odds. It's probably as they get worse. You know throw going three to five. I would say they'll probably hang a three three and a half is pretty standard for cormie fights as he is usually usually in championship main event fights for that five around duration so i would say it's probably right around three and a half <hes>. I'm not going to get involved. Both of these guys you know they can put the lights gourmet. That's the fact and you know nobody has really been better in that transition game of of pulling off stoppages in really winning the fight pillar to post if it went to a decision or if it didn't got finished along the way so i'm not gonna probably be getting involved in this either way from a betting perspective as the current prices but you know from a pig perspective man and you're never gonna get me to bet against a new corey unless he's fighting one john jones and that's the stance at i'll take on this one as well all right so we definitely have a lot to look forward to here in the main event now of course be pulling for steeping. Maybe i'll put i don't know maybe i'll put the emotional hedge on cormet here in this one but we've got some very good fights on the card otherwise anthony pettus and nate diaz pedestal right now minus one thirty favourite over at the sl. What are you thinking about this fight here christian yeah making his return polarizing guy and polarizing figure in the sport hasn't fought since the mcgregor series back in two thousand sixteen march fifth and august twentieth and you know if you kind of take those out of their <hes> the last wind comes in other take away his mcgregor win but it is what it is last wins have come in two thousand sixteen in two thousand fifteen nate diaz because of who he is is in the persona that he brings to the table largely gets a pass when it comes to the tactical version of it being mixed martial artist. He's a boxer man and and i'm not trying to take away from what he is but you know losses against rafael dough sanyo's josh thomson <hes> benson hernandez rory macdonald decay kim <hes> <hes> you know not exactly the murderers row of a resume india's largely gets a pass because people just absolutely love him on the other side. I feel like if it's just kind of won't we'll go away but he keeps fighting. Despite you know having to kind of the same analysis
UFC 229 undercard recap - Tony Ferguson vs. Anthony Pettis
Intellivision plans a revival with a new game console
"It seems that i had called coming everywhere but switch because this is a game you know will not this one but the last sonic racing game right was on vitas well and all that also racing transform i was really excited but it's also a little about is it's just sonic characters gracing and the other one i'd allstar so that was like say gall stars or something i liked i enjoyed that yeah we'll see i never played the last one so i do like a good the last one and i didn't love the way you asking me a sonic raciness coming to switch the question yes it is fuck ya okay ps for xbox one switch and pc this winter according to end gadget cool perfect because this is the type of game that i wanna play just randomly on a plane for the rest of the for a whole ship away like do a couple races and go back mario party i still go back to you grinding on it yeah a long time i'm familiar with these tracks and we got the opportunity to see it up close and personal but we can't have questions until next week still very much embargo i'm not gonna say anything business number seven you're on the rope report guess what's coming back everybody the in television for some fucking reason they're gonna make a new concept pettis like super stoked of course he is i'm gonna read from their press release i before andrea put some stuff from dean over adventure be on television entertainment is produ announced that it will bring the concept of simple affordable family in fun back into homes across the world miss those things go world with the introduction of a brand new video game console the television system named we'll carry on the company tradition of i with its new concept design and approach to gaming that's pretty much where the information about the council on video games live creator in thirty year video game industry veteran tommy taylor rico has been named president of in television entertainment as the company turns its focus on a rebranding in reimagining for the twenty first century while still paying homage to its legacy routes details on the new console be released on october first twenty eighteen then over adventure bt dean takahashi had these things tolerate co has relaunched the.
Understanding the US-China Trade Relationship
"Reforms nonetheless so from that point of view if you were going to recommend to the president what needed to be done four or five years ago you would have probably suggested either china becomes a robust democracy within three years which of course is very unlikely or that you significantly re centralized power and of course that's exactly what president she has spent his first term doing and we have to see if it's been sufficient to allow them to implement the reforms that is michael pettis will dr pepper mongering to the diop pm group is with me michael pesticides saying they're essentially paper with this rising china could be in his view heading for japan style stagnation within the next ten years i mean what do you come from on this ogled well of course that is china's purpose in pursuing the belt and road initiative which is all about expanding chinese economy to be global economy rather than nat nation based bottom line is why does it have to be binary we can have a successful united states and a successful china and i would say actually that underpins what's happening between trump and g g has a vision of what he calls a community of common destiny what he sees as a world in which these two countries are basically going to set the new rules of the game so he's using the the moment that we happen to have a president who wants to cut deals on anything that's the way he thinks to create a kind of new global order and i suspect they may succeed thank you very much indeed that's it for this edition of business daily we're going to hear more about sanctions perhaps later in the day for now from me at butler see them on the now on the bbc world service on history program witness with me alex last in this pontiff austin tinari series on the first world war we use archive recordings to tell the story of the nineteen eighteen spring offensive germany's last great gamble to win the war we hoped for victory and peace when your what was going to happen over as opposed to do to play susie lines into the port of split it on me and brought great for boating to all others we knew there we were facing the biggest lie lives the battle which might wipe us all out in march nineteen eighteen gemin trees prepared to launch a massive offensive on.