36 Burst results for "Schwab"
Fresh "Schwab" from Fresh Air
"It was hacked. Similar incidents are reported at the University of Illinois, Purdue University and other colleges. Look at our forecast mostly sunny today with temperatures in the upper sixties. Will be mostly clear tonight Low in the upper forties. A slight chance of showers during the afternoon tomorrow, increasing clouds and temperatures in the low seventy's mostly sunny for Saturday. Chance of showers. Low seventies right now, 68 degrees in Boston. We're funded by you, our listeners and by Charles Schwab. Charles Schwab is committed to offering a modern approach to wealth management, with the ability to adapt as an investor's specific needs change with time. Learn more at Schwab dot com.
Fed’s Corporate Bond Buying Foresaw a Year of Covid Pain
"A year ago. The twenty third of march twenty twenty early. On as you're know in the days of this pandemic when maybe not all of us understood how much trouble we were gonna be in public health wise mental health wise certainly and economic health wise as well and we begin today of last year because we marked two milestones on this tuesday first of all the stock market low of the pandemic. It's been basically straight up since then. I know not the economy. Thank you we offer that. Just as a marker also a year ago today the federal reserve said it was going to step in and start buying up corporate bonds. That was and is a big deal. The fed getting into corporate dead didn't because the market for that debt just frozen and the fed was helping those companies borrow at lower rates which can be conducive to business and borrow they did. Corporate debt had records in twenty twenty but with rising interest news of late. As we've been telling you corporate debts been getting a little bit more expensive. Marketplace's justin ho gets us gone. Investors think about corporate bonds. Kind of like how they think about government bonds. If you're going to lock up my money for years you better pay me enough interest to make it worth my while. They want to be earning a rate of return that is higher than expected inflation. That's winnie caesar. at wellsfargo. She says many investors expect inflation to pick up this year. People are likely to spend more and that spending good drive up prices not just for regular consumers but for companies to it could be that accompanies cost of labor is increasing. It could be that. A company's cost of just raw materials and commodities is increasing. Those expectations are causing. Corporate bond yields to rise. But they're also signs of an improving economy says kathy jones chief fixed income strategist at charles schwab. Which underwrites this program. Jones says corporate borrowing costs are historically low and even though they're currently rising that shouldn't be an impediment to them investing and continuing to grow the business. The concern says stephen davidov salomon uc. Berkeley is if rates continue to grow into next year or the following if rates get too high. He says companies won't be able to borrow as much to a fun. Projects investment will slow because investment becomes more costly fed chair. J. paul said today although he expects prices to creep up this year he doesn't think that will have a big or lasting impact on overall inflation.
The Monetization of Sleep Sounds Nick Schwab of Invoked Apps
"I mean as you know there are a million sleep. Sounds now on exaggerating. But there's a lotta sleep sounds on on unlucky alexa now. So that's a pretty big claim to fame. I think that's pretty cool. You're the very first you or the. Oh gee you're the number one sleep sound very cool and so you created this whole business around multiple sleeps downs and so you've got you've got tons now like what are some of the sounds of people can listen to you. Yeah so we're up to believe ninety four sounds now Ranging from you know things like rain ocean waves thunderstorms to kind of the more obscure things like a dishwasher or dryer or a farm. You know Yeah people people request all kinds of different sounds and it really. It depends on where people grow up like. Someone grew up on a farm and they fell asleep to like cows mooing. Then those are the sounds that they request that they fall asleep to more easily So we we try to we. We tried to basically tally all different. Sound requests that we get over the years and figure out what people want most in create those curious like what you mentioned like dishwasher is that is that the most obscure one of the other ones that are really really obscure scared. Ho gosh there are there are some others No we have the sound of snoring That was that was released recently. And that was actually one of our most popular requests because folks will say oh. My partner is gone on a business trip and i can't fall asleep without their snoring. Just like it's crazy but it's really cool in getting feedback from customers saying that are sounds. Help them fall asleep Really fulfilling
The Power of the Pivot And Knowing where your transferable skills are needed
"You know. People have had a very very very difficult time by the tens of millions with periods of unemployment that had been for some people. fortunately short for others brutally. Long six months or longer in this. I'd i'd i'd corona virus circumstance and the reality is the power the pivot when mean when i talk about. That is something. I talked about back in. Two thousand eight through twelve with the pivot was a lot harder than because we were in a cyclical economic downturn. Do the banking scandals and the result of that era was that it felt like for a significant period of time. There was nowhere really easy to turn today. Though is very very very different. Where even within industries there are people have been thriving. Well have struggled either as business owners or as workers and so if you think about how concentrated. The hardship has been during this pandemic related recession. Where certain things have been just job. Categories brutalized and others. People are doing great but even within the categories where things have been so tough thing about restaurants. How many restaurants have failed. How many restaurant tours. Who worked so hard to build up their dreams and they got crushed by corona virus and then at the same time i saw a story in the new york times how pizza anybody who sold pizza had the best business year in their history over the last year. Pizza tends to be unless you go to some fancy dancy pizza place. Pizza tends to be cheap. It's a lot of people and it was perfect and made to order for delivery. I read a story about a fancy french restaurant. I don't remember where. I read this both fancy french restaurant where they knew they were going down. They were done and then one of them said you know what all these pizza places are doing so great. Why don't we come up with french. Themed pizza and they found a brick oven pizza oven and they started making these french theme pizzas and they deliver them and they've survived. They're not thriving but they've survived to live another day. That is the power of the. Have i read yet. Another story about how restaurant tours that have survived this year or going out now and getting locations for pennies on the dollar where other restaurants have shuttered and as we have more more shots and people's arms you know eating out. It's going to be something people are going to want to gravitate back to who missed. We're social animals. Most of us. We missed that. We've missed that joy kris. Daddy say joy. Vive how do you say that. I do believe schwab to be thank you. We have missed that. I can't pronounce english no way i'm pronouncing something in a foreign language so there are people that are preparing to have locations at much lower overhead in many cases with abandon very valuable kitchen equipment chairs. Everything they need to re-open theme restaurant bat again is the power. The pivot in jobs. I talked about this recently. How many different job categories people were begging for workers and pay his going up while the job category. You may be an working in a hotel Working in most restaurants working in any kind of tourism thing Dad flat on your back concert business. Anything like that you know. I read recently. Sports teams professional. Sports teams have been laying off huge percents of their staffs because they've had no rear ends and seats. And even though tv accounts for such a big share revenue for so many professional teams fans actually do matter in the money they spend and so people who have skills that they may have gotten in sports management school that skill. The you have can be used in so many other kinds of activities promotional activities sales for so many industries where people are thriving
A new way to invest that doesn't involve buying stocks hyped on Reddit
"So lately. All the buzz his been about well. Bitcoin and other crypto currencies. Bitcoin recently fifty thousand dollars a bitcoin and people who've been buying the stocks that are being touted on read it and it was all that mess that went on with Game stop and other stocks. That went up like rockets and then like rockets can do crash back down to earth and my son is in this investing group at school. He's fifteen and they're investing not real money but they all have their stock portfolios and wanna read you to texts from him from this morning. They're really funny. Is said in the last nineteen minutes. My stock portfolio dropped by six sixty. Then he texts me eight minutes later and these eh. then it went up by eight hundred dollars. And i the other night. When he was trapped. In the car with me i started boring. I'm trying to talk about how my philosophies investing work very differently than matt worrying about day trading and options and all. That was going to happen up to the minute and if you thought a father could be more irrelevant to sun then i was that minute you you couldn't be no interest in anything i was saying because to him. This is sport and that's what investing has been of late call. Investing is really speculating. And that's not my thing. I mean i'm the dulles person alive and i invest in a dull way because the ideas i wanna make money over time and so. That's why i get excited about really accessible. Investing opportunities for small investors did allow you to build reasonable wealth over time instead of trying to get the quick score and my son's a sharp kid hill. Eventually get it and will not that. It matters what you're buying and selling minute by minute. And by the way he's asked me if he can have a real investing account. Will you know you'd have to have what's called a custodial said yeah yeah where where you were the pretend owner but i'm the one doing the investing and i don't know what to do you know. Give them a couple of hundred dollars and let him play. And maybe learn the value of term investing. But you know it fifteen. What is long term. That's like three days from now. It's hard to explain a concept where you build wealth over time well do you know goldman sachs is goldman sachs is for rich people like crista. People was massive amounts of money. Who work with a personal financial manager. Who handles their money for them. That's right krista. That's what you do with your millions. Yeah no no okay. So there are. There are very wealthy people. That's what they do and goldman sachs has been doing some stuff lately that doesn't fit at all their historical pedigree They're the ones that issue the apple card for people that have the apple credit card and they have Savings accounts and all that kind of thing with no minimums will now. They've launched some cold. Marcus invest which allows people to use goldman sachs incredible financial analysis investment analysis till build robo investing portfolios for you using very low cost funds. And this is something you would ask somebody. Ten years ago if goldman sachs would ever being looking to provide investments an investment advice to everyday ordinary. People they'd say you're crazy. That will never happen. Well they're not doing what fidelity investments does where a dollar is enough to open an account many cases schwab one hundred dollars. They're doing what vanguard. Does you have to have a thousand bucks to open an account but once you have that thousand you can get advice that is tailored to your personal financial goals and outlook. The money can be and a retirement account or an investment account use what are known is exchange traded funds. Etf's and typically for the advice and the investments you pay roughly a third of a percent per year for them to handle your money. So i guess ten thousand dollars be thirty five bucks a year. Is that right. I think that's about right. three dollars. Fifty cents on a thousand. I think that's right so this is an opportunity for you to do. Investing through the nation's big boys big money houses and their whole business plan is pretty similar to what you'd have if you were with Betterment or wealth front that really started this whole investing idea. And i'm sure neither of them are very happy the goldman sachs through. Marcus invest is playing in their ballpark.
Robinhood Freezes Stonks!
"Robin hood says that due to quote recent volatility it is restricting trading in some stocks including game stop. Amc blackberry and nokia to position closing. Only that means. If i can translate you can only sell not by those stocks for the time being those last three stocks by the way stunks guess our stocks that people think the wall street bets folks will be targeting next quote free stock trading pioneer robin hood and interactive brokers both made efforts to curb the wild trading activity in heavily. Shorted names like game. Stop amc blackberry and costs on thursday. Initially shares up game stop reverse course and slid quickly in a negative territory as the word of the trading restrictions spread the stock which traded above five hundred dollars at one point in pre market trading was below two hundred ninety dollars per share shortly after the opening bell the steps by robin hood and interactive brokers taken thursday. Even more drastic than wet brokers did earlier in the week td ameritrade and charles schwab raised margin requirements on wednesday robin hood. Customers took to twitter to express their outrage surrounding the decision. Robin hood has made a name for itself through. Its mission to democratize investing for everyone the silicon valley startup with more than thirteen million pioneered free trading forcing the entire brokerage industry to drop commissions in late. Twenty nineteen and quote.
Interview with Phil McAlister
"Hello and welcome to the skeptics guide to the universe. Today is sunday january seventeenth twenty twenty one. And this is your host. Stephen avella joining me this week. Or bob novella. Everybody cara santa maria. Howdy joy novella. Hey guys and evan bernstein skepticism. On a sunday. I love it. This is a rare sunday recording. We're doing this because of the twelve hour show next saturday. The saturday this show comes out. I probably will be posted in this up right before we begin to twelve hours. Show so if. You're listening to this on saturday that it comes out. We're probably in the middle of the twelve hour show. Why aren't you watching that instead. Leaving this to console you on sunday or monday because the twelve hour livestream is over priorities. So we're not keep saying like we're trying to get away from doing the covert thing every week but there's always stuff to talk about that has to recover recovered. Schwab one thing about it. Obviously it's still raging the numbers that getting scary high still is crazy but david kessler which was announced as the covert czar for the incoming biden. Administration you guys remember who he is. Yes cast that. He was in From london movie right cutler no he was a former head of the fda in the ninety s and after his stint in the at the fda in the nineties the president for a while of yale school of medicine. That's how i. I know you have on speedo him personally. But you know the commissioner of food and drugs for h w bush and clinton muslim sounds nonpartisan. I like that a he. He was very much opposed to the shea. Dietary supplement health and education. Act which was a terrible loss stills eternal and he was he was completely right correct in his opposition to it so hopefully because a lot of experience. Hopefully he'll will prove to be the right person for this job. And we're hoping to shift into high gear will along that line steve in three days. Yeah did you hear. That biden is elevating. He's making a cabinet of science. Yes yes scientists. -nology whatever is now going to be cabinet. Level is a cabinet level position for the first ever cap which will not be in the line of succession by the way. It's a cabinet level position. But it's not a cabinet position. I thought he was building a cabinet filled with cool science thing like curio cabinet closet of mystery. I remember that from what is this endless fascination with forbidden closet of mr really cool i mean. It's the first time the president has ever put somebody at that high. A level in science position which conferences shows his commitment to evidence based policy and also francis. Arnold who i'm super excited about you guys remember. She's caltech scientist who recently won a nobel prize. She's going to be within his his group. I'm not really sure how everybody's designated quite yet but within that group of scientists which is very exciting. I think it should be like the bridge of the enterprise. D where you've got the president the vice president and you've got the czar of science right up there with the big boys because that's where belongs in the position that the council the troy was in. That's what i'm saying. Sitting do truth be told captains left. I am kind of glad that it's not a. I shouldn't say this i don't know i don't know if i would want it to be a cabinet position because then because then they enter into the line of succession and i do worry that whoever is appointed could potentially be. Isn't that a worry about every single cabinet level position. Never i mean. Is there a cabinet member. You guys ready to become president on day one. I mean unless you've watched the survivor soul survivor. Some of those people have served in previous administrations have worked in government. It's obviously it's never happened. I it's so unlikely that i don't think someone's going to pick or not pick a cabinet member because they don't think that they're ready to be president. Yeah i mean why. Scientists are science minded person. Good as president. I think that's what we want. They wouldn't necessarily be it would be but they would still need to be somebody who has executive leadership skills all right. Let's get right into some news items. Is it true that astronomers were wrong about the number of galaxies in the universe. a what. Yeah they're often wrong about stuff like that so yeah. The estimated number of galaxies in the universe was recently cut in half. You are correct steve. So how the hell did this happen. And and more importantly what is the worst title for a news item covering this discovery. All all will be revealed So this all started years ago when the hubble space telescope did some deep sky surveys and it came up with the estimate for the number of galaxies which was two trillion lots of galaxies two trillion in the universe. It did this by using by doing deep field observations. These are observations. That take a really long time looking at the same patch of sky. So you're you're building up the photons right you just building up. The photons. seeing what's revealed and that would that reveals after a while that reveals the very very very faint galaxies. And then then it's easy. Yes sir but can we clarify. Are you talking about the observable universe so you just just just a good point to a good time to clarify that. The the observable universe is a subset of the total universe because like because some of the universe has moved beyond the on the einstein limit rights even traveling at the speed of light. The universe is not old enough for light to travel from there to here so we can't see it's outside of our bubble our light bubble right. It's a little complicated. But yeah i think primarily although not necessarily implies that it's it's just it's just observable we'll we'll see maybe we can. Let's revisit at the end okay. So then so then. Once you have this patch of sky that you've looked at for a while Then you and then you then you know how many galaxies right then you just multiply that little patch by how many similar how many patches in the in the sky are there. And that's and that's basically. What hubble did but we knew that. That wasn't quite accurate though that that's because there has to be other galaxies that are out there that are just too faint to be directly detected even with the best deep field observation that the h. The hubble space telescope could muster onto those super faint galaxies though they do create a suffused glow. Just a general glow in the galaxy and now this background glow that i'm talking about is called the cosmic optical background which is a term. I hadn't i hadn't seen before which is fascinating because it reminded me of maybe was well the cosmic microwave background which is the first light of the universe when it became transparent to electro-magnetic radiation the cosmic optical background that was the glow of all the
How your brain responds to stories -- and why they're crucial for leaders
"Maria walked into the elevator at work. She went to press the button when her phone fell out of her hand. It bounced on the floor and went straight down that little opening between the elevator in the floor and she realized it wasn't just her phone. It was a phone wallet that had her driver's license her credit card her whole life. She went to the front desk to talk to ray. The security guard. Ray was really happy to see air. Marie is the one of the few people that actually stocks and says hello to him each day in fact she's one of these people that knows your birthday and your favorite food and your last vacation. Not because she's weird she just genuinely likes people like some to feel seen she tells ray what happened and he said it's going to cost at least five hundred dollars to get her phone back and he goes to get a quote while she goes back to her desk twenty minutes later he calls her and he says maria i was looking at the inspection certificate elevator. It's actually do for its annual inspection next month. I'm going to go ahead and call that in today and won't be able to get your phone back in. I won't cost you anything the same day this happened. I read an article about the. Ceo of charles schwab while turbine injure he's describing his straight a career at university going into his last exam expecting ace it when the professor gives one question. What is the name of the person that cleans this room. And he failed the exam. He had seen her but he had never met her before. Her name was dottie. And he made a vow that day to always know the dadis in his life. Because both walter and maria understand this power of helping people feel seen especially as a leader. I use that story back. When i worked at general electric. I was responsible for shaping culture and a business of ninety thousand employees in one hundred fifty countries and i found that stories. Were such a great way to connect with people and have them think. What would i do in this situation. would i have known dotty or who are the dadis. I need to know in my life. I found that no matter. People's gender or their generation or their geography in the world the stories resonated and worked but in my work with leaders. I have also found. They tend be allergic to telling stories. They're not sure where to find them or they're not sure how to tell them or are they think they have to present data that there's just not room tell story and that's why i want to focus today because storytelling data is actually not this either or it's an an actually create this power that connects you to information differently to understand how we have to. I understand what happens. Neurologically when you're listening to a story and data so as you're a lecture or you're in a meeting to small parts of your brain are activated. We're an again broke his area. This is where you're processing information and it's also why you tend to forget fifty percent of it right after you hear it when you listen to a story. Your entire brain starts to light up each of your lobes will light up as your senses and your emotions are engaged as i talk about a phone falling and hitting the ground with thaad your in your temporal lobes are lighting up as though you're seeing that fall phone and hearing it hit with the side. There's this term neural coupling which says as the listener your brain will light up exactly as mine is the storyteller. It mir's this activity as though you are actually experiencing these things. Storytelling gives you this artificial reality if i talk to you about like walking through the snow and with each step. The snow is crunching under my shoes. And big wet flakes are falling on my cheeks. Your brains are now lighting up as though you are walking through the snow and experiencing these things it's why you can sit in an action movie and not be moving but your heart is racing though. You're the star on screen because this neuro a coupling has your brain lighting up. Though you were having that activity as you listened to stories you automatically gain empathy for the storyteller the more empathy. You experience the more oxytocin is released in your brain.
2020 Wrap Up: Reflecting on George Floyd
"Hey guys welcome back to say with me saying. This is zack brandon. Once again. say when he saying doing look back on our first season to see if our views change different over. The course of the year for this one will be george. Floyd already looking back at this. Another another tale of police brutality in america with the focus being a black man unarmed to put to death unfortunately this time of need to throw for eight minutes zach. Did you get to look at any information in regards to Just what happens with police officers of that situation. So i know the third degree murder charge was dropped and i think that's chauvin was allowed to live outside of minnesota. But as far as i know. I believe they're still awaiting trial on a echoes the same on. Cnn says it says a judge orders one trial four x cops charging jewish schwab killing keeping case in minneapolis. Derek chauvin towel foul thomas lane and j. They just have the Abbreviation he ruled that a holding a single proceeding for the four officers would ensure the jurist understand. All the evidence and the complete picture of george floyd is still underway within the rounds of the courts right but just looking back on it. What do you. what's your takeaways. I think it's twofold right. I think on the one hand. It was clearly awful and the video. Everyone watched the video or that that traveled across all of social media and all of the mainstream media and it was awful. I think that clearly it was handled horribly and the officers should be held accountable for it. I think it also revealed though the the country or at least a large portion of the country's willingness or i don't wanna say at least willingness to jump to racism as the as the cause right because clearly it was. It was awful. But i still think at this point. At least there isn't much hard evidence that shelving was doing it out of racist intent. And i think that was what sparked a lot of these movements and protests and riots and things because you know the belief was that it was white cop killed a black person because of ring racist intent and because of race so it to clearly i i stand with the people that are standing against xiaobin because he up clearly but yeah. I don't know do you. Do you have any takeaways before we cut this one. I mean listen. Do i think that they some very strong. Black man who was going against the direct orders of the police are even granted mental health component of it. That we get more. Eventually you have to address because there's not really a focus in the united states. But honestly i think and i feel safer to say. The jakab was an idiot. I'd rather see. The cop was an idiot. 'cause i can easily see a what a what gentleman who had mental issues. Put his hand. You know just imagine someone kane from wrestling doing all the stuff that i'd put my neck on came to me just because if i'm an idiot if i don't follow protocol really care about the idea of another human's life. I'm sure he would do the same thing for anyone. He was in fear of his own life with so you know whether whether it was a knee or he shot him. I feel he would've made the same decision and we will definitely have to do episode on cases of police brutality across the board and can shed some light on some of these other cases right because clearly while it does happen a lot to black individuals. Police brutality issue across the board. And it's something that really doesn't get talked about enough and we. We have to say what needs saying about those cases to
Jupiter and Saturn in rare celestial ‘Great Conjunction’
"New utopia. Sev- astrologers say that twenty twenty was the start of the decade of the great transformation. It's also known. As the jupiter saturn pluto transformation men of course what's scary about pluto is pluto when it comes around even though you may argue whether pluto planet pluto is actually a symbol of death. So you have jupiter. Which which gives you a jupiter and saturn gives you the judgment confinement in structure pluto brings the transformation and transformation always means either death or something else after year of chaos and upheaval in twenty twenty. Some charges are calling the societal reset and this was long before covid. Nineteen up and everything and of course klaus schwab and prince charles got together to create economic reset the saturn jupiter conjunction is supposed to offer us a way to move forward into the next decade. So even though it's kicking off an ongoing you era. Astrologers are as far as i can see astrologers saying that in the short term this conjunction might make this holiday week feel extra intense in the short term
Voice AI 2020 Year in Review with Botmock, Matchbox.io, and Willowtree
"So sarah. Why don't you give a quick introduction for What you're doing We can talk about your rebranding to if you want. But maybe that's for another day. But i'll just tell people about what you do and and how you came to be here today. Yes i'm the chief content officer at matchbox i. Oh and we are the brands behind a twenty voice. Applications on amazon alexa. Google assistant in samsung bixby and this past year. We've branched out into podcast website and mobile app as well got it perfect. Okay brielle hide. I am real. I am box head of product so my entire career has been kind of at the intersection of design language technology and we have an interactive canvas with drag oxes for anyone to create Choctaw waste at or an yards. Look so he's reading here today. But i'm glad to have you do your second appearance. And the voice podcast. Thank you rod and what we are podcast movement. A couple years ago to be us. Tell us about you. Yeah i hate to be as dangle. I'm the ceo of willow tree. We are a digital strategy design and development company helping clients like fox. Cbs hbo Synchrony bank schwab at jones etc with their apps in their websites. We believe voices the next big thing in the next two three years we think all those websites and apps are going to be voice powered. I've been working in digital and specifically around voice for a long time. I i got exposed to voice when i was at. Aol in the late nineties. I worked on the tell me acquisition which was one of the early really lay in ninety eight ninety nine. Yeah i remember. I remember driving home from from dulles to dc in testing out playing. You could play a black you could call in and play blackjack on a voice at the time right. Yeah yeah we've had a lot of tell the alums On the voice about podcasts. Over the last couple of years. So that's great. I didn't know you had that experience all right. So let's talk about the urine review. That's what we want to talk about. Twenty twenty twenty what happened. What didn't happen I think both things are probably true. It's been a strange year But it's also been dynamic urine voice. Here we'll start with you. Because i think there might be an interesting angle here. I assume the biggest story and voice this year is co vid because it's the biggest story at everything maybe not the big story invoice. We'll see But we should talk about covid and let's let's talk about the global pandemic. Did it change anything for you. What you saw in the industry at the time that we were sort of just entering into this and has that persisted is it still is. Is it the same difference as it anew. Difference is back to normal. What do you think yes or. The world changed trait in march. I mean we're all in a different place than we were thinking about. Voice applications thinking about hard portfolio in specific specifically at matchbox. So we saw right away when everyone. The entire world went into lockdown that the usage of voice applications shifted so during the week monday through friday pre covid. We had like peaks monday through friday. Seven am seven pm. Those were like the certain applications the the main peaks of usage. And then over the weekend it would be kind of spread out throughout the day But once everyone went into lockdown we started seeing that weakened usage throughout the entire week and it was slightly increased usage. stickiness increased as well So that was really interesting. There wasn't a massive spike. Everyone was talking about. Oh everyone's going to be at home and there's gonna be no smart speaker. Usage is going to dramatically spike. We didn't necessarily a huge spike. But we did see overall an increase in usage that persisted. Is it been the similar. Did we go back to normal higher different. Yeah it's persisted since since march and it'll be interesting. You want everyone at home and i know. Excuse me i know is gonna have to take a drink here in a second. Sorry sorry i know. As as vaccine becomes more available race and people star we all start coming out of lockdowns and people start returning to their their free cove lives. I think will see another shift. And as people start their commutes again we had a lot of discussions right before kobe. Hit with in-car experiences like talking with different manufacturers and that kind of thing in-car experiences and that's all been on hold and i expect once commute. Start up. I think we're going to see a really interesting spike. In use cases they're
Big companies moving from New York and California to Texas
"Companies that are leaving high tax areas. New York and California, for example. And moving to low tax areas. One of them now, this one's not official NASDAQ. Is talking to Texas s O. We don't know if that was going to move or not. These have announced Tesla. Tesla's headquarter in California. They're moving their stuff to tend to Texas, a TNT. That's another one. Charles Schwab. They're going to Texas. That's another one hears. And here's one that most of the guys going to the P G. A Professional Golfers Association. They're going toe army. They're gonna move to Texas. Here's another one. You may not know this name, but they are the largest supplier of the largest medical supplier in the nation to called McKee Sin. McKee's and is very big means in medical supplies and some pharmaceuticals and they're the largest and oldest medical supplier in the country. You might not know the name But they're going to Texas. I mean, what does this tell you? What does this tell you? So amid the pandemic, you know, wherever they were, they're going to pull up their roots. So if you know, let's say, let's just use Tesla's an example. Of Tesla closes its plant in California and moves its operations to Texas. All of the businesses. Okay, so some of those people will move some of them. Won't you get people out of a job? And all of the businesses surrounding that plant. You know it was, you know that are indirectly supported by Tesla's. They're going to suffer. If there's you know the gas station across the street, they're going to sell less gas. They may go out of business, the 7 11 or the highs. It's around the corner where people stop in to grab a soda or grab some gas or grab a snack or whatever it is they need. Okay. They may go out of business. If there's a laundromat nearby. If is a dry cleaners nearby, They may go out of business. If there's a grocery store nearby, and people are in the cabin of picking, you know, going to the grocery store when they get off of work, and you know, in between work and home. They're like, Well there. I'm not working there anymore. So I'm not stopping at that grocery store so they may go out of business, so the indirect impact is massive. It's absolutely
Texas governor says companies moving headquarters to the state has turned into a 'tidal wave'
"Alright we have big news here coming out of oracle this hour the company just announcing it is moving its headquarters from silicon valley to austin texas joining us now on the fast line is texas governor greg. Abbott governor abbot. Thanks so much for joining us. Thank you melissa. Honor to be with you. so now. it's oracle before was Tesla's cyber truck factory and elon. Musk himself personally. Moving to texas. What are you doing to attract these companies tax breaks. Here's i i would say. This is big news unto itself but in in context of everything else. You talked about elon. Musk you talked about tesla. Remember we just had the announcement about hewlett packard enterprise. We also just had the announcement last month about the fortune. Five hundred company. Cbre living headquarters to And then Next month we have the formal opening of the charles. Schwab headquarters moved to the dallas area. And so this has turned into an absolute tidal wave for some their businesses that have had operations here and they've enjoyed the operations here. Oracle has had a thirty seven acre campus in austin texas for several years. Now i've been dealing with separate cats for more than a decade now Suffered i have a good relationship But of course it moving business headquarters is more than just that one relationship. They are looking for a state. And that gives them the independence autonomy and the freedom to chart their own course in those are word to us is us about people like separate has used by people like you know. Alon is elated to be here nina. Talk on virtually a weekly basis and he loves the freedom that he has in texas whether it be worst space x other enterprises that he is involved in. I'm sure he loves the lower tax rate as well as many other entrepreneurs do governor abbot. It's funny because back in. May i spoke to governor gavin newsom california and. I asked him if he was worried about elon. Musk leaving california in any way shape or form and he said that he was not worried at all should he be. Are you on the phone with other. Silicon valley companies. Courting their business. I've been on the phone. A weekly basis with ceos across the country. And it's not just california there. There are other states. And i'm sure that you guys have seen that i've been in negotiations with the nasdaq with companies that do business with the nasdaq and our trading operations. And so we're we're working across the board because the times of kobe have exposed a lot. They've exposed the ability that you really don't have to be in manhattan for example in order to be involved in the trading business or the investment business We're getting a lot of investment Leaders from the new york region new jersey region as well as from the california region. They're moving to the state of texas and that's just the investment sector the tech sector et cetera. So cost of business means a lot. No income tax means a lot but also the freedom to operate without the heavy hand of regulation means a lot
How small stores are cutting through the noise from the big-box stores this season
"Are a business show. So yes we're going to start with what today means for a big chunk of the economy retail because the deals extravaganza. We still call black. Friday has actually already begun. The pandemic has a lot of us. Rethinking our shopping. 'cause we really wanna live in a world where only the big national chains survive. A survey from at taxi found that seventy five percent of shoppers planned to make an effort to shop local. This holiday season marketplace's kristen schwab reports usually this shopping weekend at territories in austin texas is one big celebrating and they walk in. They think they've joined like some mosh pit of Toys shoppers sylvia edwards says the general manager children running up and down everywhere loud music. You know noises from different toys being played with a cacophony of magic madness. And so it'll never get like that this year and not just because of social distancing territories has divided shopping hours. Grownups only ten to four all ages. Welcome four to six. The store is also offering night owl tours. Private appointments for shoppers after closing. You get a whole hour in the toy store and then a little personal salesperson that walks you through the store shows. You are twee workshop where we still cut wood and make toys. These are the kinds of personal touches. That could help. Small retailers cut through all the noise coming from big box stores. Disol- the keller at mintel says traditionally a third of shoppers to most of their buying this weekend and the message from retailers. She says is that they hope to see even bigger numbers this year. Basically start thinking about your holiday shopping and now because it's just only going to be more of a challenge to get what people want on time. The goal this season make day an occasion to shop. Frank reese who owns acapella books in atlanta is doing that with extra virtual book clubs and author events. A lot of our business in normal times. is not in this little store. What a lot of businesses is offsite events. And he's doing the free delivery thing by hand because you know amazon sells books to. I'm kristen schwab for marketplace.
"schwab" Discussed on Powering Independence Podcast
"Hello and welcome to the powering independence. Podcast i'm your host austin philbin and today. We have a very very very special episode. What it means to be swabi examining the powerful culture. Charles schwab who the stories of its people and i will be joined for the first time remotely by three different guests in three different locations. This is gonna be a great one. <hes> let's start with <hes>. Just a little bit about you. So maybe if you could tell me a little bit about yourself your background and why to you charles. Schwab is such a great place to work. Why don't we start with brad. Well first of all things anatomy love having a philosophical conversation like this just around the business and <hes>. It's been a great partnership we've had with dynasty but to be able to step back and really talk shop like this is a much appreciated break in the day. So i'm brad lawson. I do lead our relationship management teams around the country and i've been working with advisors net capacity for about twenty-three years now and i've seen schwab grow from a very small organization to arguably a very very large organization and one of the things we've released strived for the business is how do we stay small to each and every advisor to never relationship. In spite of our rapid growth and the sheer size of our platform are people in the end. The complexity within the business and the schwab has been able to remain very entrepreneurial <hes> with a with a flat organization. It's very easy to navigate <hes>. They're also very few hierarchical walls within schwab so as large as we become is still under easy to get work done. Every day to collaborate on clint solutions and in the second aspect of the business in schwab is philosophically. Were aligned with advisors <hes>. We put clients first. We are a market driven organization not a marketing organization which to me means that we understand what clients want in need today into the future and we build that and if we build disciplined in scale and excellence into our model but will figure out a way to be profitable. Make money doing that at the end of the day so that that remaining small incline first pieces. The reason that i keep choosing to wake up and work here every day after twenty three years. Great to have breakfast overlooking the san francisco bay with an executive at your company and he echoed similar comments. And i just wanted to check in with you around what he said. Which was the industry as a whole seems to be migrating particularly in the larger financial institutions to a very specific advisor. One with a smaller book of business with high net worth and ultra high net worth clients. They're going to utilize multiple products. And they're going to generate a lot of revenue for the firm and he said that's that's not really the way that we think about the advisory space schwab. We think every advisor in every practice has a place here and is special. Do you see that on a regular basis <hes>. with the culture of of schwab. I i do. And what's kind of validating about hearing that from a number of years ago as his. You've had that experience in the past three years and continuing for the next couple of years we are working on evolving our platform so that we can become more specialized for each constituency of advisers. We have an entire platform with a service model with people dedicated leadership and relationship management and service as well as new and scalable value added services like business consulting and other things will come. We'll get into later for advisers that have any fifty million dollars with us and we have almost five thousand advisors without under a hundred million dollars in uh platform our traditional adviser which would call a practice right <hes>. Maybe budding on professional practice. That may be two three hundred million up to about a billion. That is our our tradition bread and butter and we continue to evolve our platform for those advisers. When you get about a billion dollars and particular into multi billion <hes>. You know we start to see some really dynamic changes within the structures of advisory businesses and advisors go from practice to professional practice and when you have dedicated leadership centralized back office operations. Sometimes investment management start to see a miniature enterprises in sometimes quite frankly many financial institutions emerged within the ra space
Examining the Powerful Culture of Charles Schwab through the Stories of its People
"Hello and welcome to the powering independence. Podcast i'm your host austin philbin and today. We have a very very very special episode. What it means to be swabi examining the powerful culture. Charles schwab who the stories of its people and i will be joined for the first time remotely by three different guests in three different locations. This is gonna be a great one. let's start with Just a little bit about you. So maybe if you could tell me a little bit about yourself your background and why to you charles. Schwab is such a great place to work. Why don't we start with brad. Well first of all things anatomy love having a philosophical conversation like this just around the business and It's been a great partnership we've had with dynasty but to be able to step back and really talk shop like this is a much appreciated break in the day. So i'm brad lawson. I do lead our relationship management teams around the country and i've been working with advisors net capacity for about twenty-three years now and i've seen schwab grow from a very small organization to arguably a very very large organization and one of the things we've released strived for the business is how do we stay small to each and every advisor to never relationship. In spite of our rapid growth and the sheer size of our platform are people in the end. The complexity within the business and the schwab has been able to remain very entrepreneurial with a with a flat organization. It's very easy to navigate They're also very few hierarchical walls within schwab so as large as we become is still under easy to get work done. Every day to collaborate on clint solutions and in the second aspect of the business in schwab is philosophically. Were aligned with advisors We put clients first. We are a market driven organization not a marketing organization which to me means that we understand what clients want in need today into the future and we build that and if we build disciplined in scale and excellence into our model but will figure out a way to be profitable. Make money doing that at the end of the day so that that remaining small incline first pieces. The reason that i keep choosing to wake up and work here every day after twenty three years. Great to have breakfast overlooking the san francisco bay with an executive at your company and he echoed similar comments. And i just wanted to check in with you around what he said. Which was the industry as a whole seems to be migrating particularly in the larger financial institutions to a very specific advisor. One with a smaller book of business with high net worth and ultra high net worth clients. They're going to utilize multiple products. And they're going to generate a lot of revenue for the firm and he said that's that's not really the way that we think about the advisory space schwab. We think every advisor in every practice has a place here and is special. Do you see that on a regular basis with the culture of of schwab. I i do. And what's kind of validating about hearing that from a number of years ago as his. You've had that experience in the past three years and continuing for the next couple of years we are working on evolving our platform so that we can become more specialized for each constituency of advisers. We have an entire platform with a service model with people dedicated leadership and relationship management and service as well as new and scalable value added services like business consulting and other things will come. We'll get into later for advisers that have any fifty million dollars with us and we have almost five thousand advisors without under a hundred million dollars in uh platform our traditional adviser which would call a practice right Maybe budding on professional practice. That may be two three hundred million up to about a billion. That is our our tradition bread and butter and we continue to evolve our platform for those advisers. When you get about a billion dollars and particular into multi billion You know we start to see some really dynamic changes within the structures of advisory businesses and advisors go from practice to professional practice and when you have dedicated leadership centralized back office operations. Sometimes investment management start to see a miniature enterprises in sometimes quite frankly many financial institutions emerged within the ra space
"schwab" Discussed on We Study Billionaires - The Investors Podcast
"I can use that as a way to track them to my platform. But if the cost of my platform is actually declining faster than I'm reducing my crisis to customer than my margins are growing that's a great strategic advantage to have. and. So when you look at Schwab's platform beer ad sixteen basis points, her dollar inexpensive of assets manage for clients in other words. For every dollar of assets they manage for clients a cost them. Now you're not scale four trillion for every dollar of I asked me manage it costs sixteen basis points to custody that dollar of assets that's much lower than their direct competitor's Ameritrade is at Twenty, seven, each reeds at thirty seven be a Morgan Stanley wealth management are at fifty basis points basically, and this is based on numbers. At Schwab is provided, we trust imagined there. So at twin, another way of independently verified is. Is that there's so much lower than competitors based on the structure of the platform and their culture that it's hard for those guys to compete with Schwab in do that was. So going back to that idea that pricing power comes from being able to lower your costs faster than you lower the cost your clients celebrate the better. You can lower your costs to make yourself more efficient than more.
"schwab" Discussed on We Study Billionaires - The Investors Podcast
"UBS Credit Suisse. Hud Away from those big banks and start their own businesses oftentimes riggings number clients with that with their close relationships with and they changed the way they get compensated said, it's much more client beneficial's in other words because a win win situation in the sense that historically these investment advisors really are brokers in the past would make money by getting Youth Klein to trade, and that of course presents a bunch of the wrong incentives in terms of what's best for the client. The right incentive is that if client wins I win so in many ways has manifested incentives has been. I collect a fixed fee on the assets under management with my client and I can provide whatever's best client 'cause my clients wealth grows in there for my fee grows along with them since it's a percentage of that. Is Not based on this churning of their portfolio where I get chunk of brokerage commissions, right which is traditionally it debt. So anyway, there's been this trend of entrepreneurship more and more investment advisers especially the more experienced. Strong relationships with clients moving from these integrated platforms to their own independent platforms. So let's dig deeper into that. So in twenty eighteen trade commissions accounted for less than eight percent of revenue, and then the year after Charles Schwab chose to completely eliminate brokers commissions I mean talk about a company cannibalizing itself. So keeping that amount, how does Charles Schwab make money today and how do you think the company will make money in the future? It's interesting Schwab. We talked about genesis was brokerage commissions right at twenty nineteen. They basically eliminated brokerage commissions, which is incredible. In many ways you know what attest to is disability of the company to adapt. Over time as we talked about, you know, move up the value chain, the lower value chain become commodities. So it sense the fact that eight percent of revenue in twenty, nine, hundred, nineteen for trading commissions was pretty small relative to where it started, which is hundred percent, and so this has been a trend over time that the things can get. Automated and can get expenses scale that perspective of declining per transaction costs going to zero via automation Schwab. bakes those investments and it drives that commoditisation in his lower guy services. It's a great example of you know just we've talked about, which is kind of commoditisation of the lower value services that can be automated and a- cost transaction reduced to Schwab had started with one hundred percent emissions trading revenue right, and then over time they've expanded into higher value services while.
"schwab" Discussed on KFAB's Morning News with Gary Sadlemyer
"Was announced last fall the acquisition by Schwab of TD AMERITRADE and. it's official. Now the closed just happened and we WANNA get a little more insight into what lies ahead Mr Records Good Morning. Good Morning. It's a pleasure to be on your show. It's great to have you with us and I I. Remember. We. Talked had a chance to chat a little bit off the record when this was announced late last year and you told me at that time. you believe not only would what a? Strong presence remain but it it it may grow. What can you tell us about the future for td ameritrade folks in Omaha. Well. Now that it's completed, certainly a pleasure to talk to you and for the next ten or fifteen months the big where the integration of the two companies to achieve the economies of scale. Is GonNa take place now the people most experienced that that type of work. Are The people that have worked for Ameritrade Ameritrade has done a number of mergers whereas it's really something that is quite new for Schwab. So I think the the big leaders, the big effect in having all that happened is going to come from the executives and the people that Ameritrade. But you know I I'd like to I'd like to go. Really, Kinda to the beginning the overall environment First of all the United States is the most powerful economic engine in the world, and that economy is fueled by securities industry. And at one time Ameritrade was the largest brokerage firm in the world relative to number of trades for I. Don't know what it is now, but certainly, it's still one of the largest. The important part of making all that work is Omaha Omaha. is very comfortable convenient place to work in live. It just really is one of the. The nicest places in the country. And the second thing is the people you know Maha and Nebraska have a good work ethic. You know they're hard workers, they're smart they're intelligent. Well. Educated and as a result ameritrade in that multi-storey building that Green Pink drink. Belly. Pale Green building. And what now close to the middle of Omaha is where the major part and the center of all that processing takes place. And processing securities traits is a sophisticated and complicated process. And we have one of the largest. Subjects, places of that right here in Omaha and it it. The people are, what made it work they're efficient and effective, and they keep the cost of operations very, very competitive, a big asset. This asset is not going to be overlooked by the management of Schwab. And the third thing is Schwab is moving our headquarters from San Francisco to the Dallas. Fort Worth area. Now most of the people that work in that office in San Francisco are not going to be moving. To the, Dallas Fort Worth. Area. Which means the processing takes place right here. is going to be important to the ongoing functioning and future of Schwab. So this Merger or more appropriately the purchase of Ameritrade by Schwab. It's good for shareholders. And I'm GonNa give you mile Pinon that it's GonNa be good for Omaha in the numbers of employed people that are gonNA end up working for Schwab? The efficiencies and the effectiveness going to allow this new combination to achieve the economies of scale puts this new company in a different position in the securities industry relative to competitors. If, it's managed correctly that should fuel growth. That growth is going to need people. One of the most important parts of all their processing is going to be right here in Omaha. So I, think. This is. As a tribute to the people that work for that company. Going to be a good thing for Omaha. So I think not only are there jobs still going to be around ten years from now I'm GonNa. Thank ten years from now there's going to be more Schwab jobs. You Know Maha that than there are right now. Now I'm not on the inside I haven't been part of Management for over twenty years and I've been off the board for about ten. So I'm on the outside looking in, but that's my vision of what's going to happen here. We'll still you you insisted. I recall Henry Corridas wrote a long article about at the time on language and and the agreement that would help at least to ensure that there would not be large layoffs here on all Maha and this is really about a relationship isn't it Mr Reagan's you and and Charles Schwab I had respect each other, but then became friends and so that this doesn't have exactly the force of law but you trust that this will be the case, right? I I do I do yeah. I do like Charles Schwab. a man of integrity and I have a lot of respect for ability I would have preferred. That AMERITRADE. But of course, that's not what happened I hate to see the AMERITRADE brand go away. But I know what benefits are gonNA come from this transaction and I know what? I can really kind of depend on as an attitude on part of Schwab. Well this should be good news for all Mohawk. employees from what you know. How many are here by the way? Do you know fan? The AMERITRADE has about twenty, three, twenty, four, hundred employees in Omaha. That's significant. That's significant. It is significant. And the work that they do is significant I mean when people drive by that multi-storey Pale drink, they can look at it with respect. And really kinda proud pride of what goes on here in town with regard to this is in the securities industry. I'm just curious before we run Mr Records about something else, and that is as Courtney Donohoe just. Reported on the money minute a Lotta people are nervous about what might happen in this election and they're running away from securities into into safer harbour is this a particularly challenging time? For the Securities Trade Industry. Yup Certainly, certainly certainly as I just said, we have one of the most powerful dynamic. Industries in the world by far. And that's because of the free enterprise system. And a big part of that is free. Big Part of that is what happens when people make decisions. Now, if we go to what people think is a more secure place like socialism. There has never been in the history of the world any country that thrived. And Grew under socialism they all die. So for us to think about changing the system that brought us the great amount of power wealth health convenience, and the security of our lives to something that's going to turn it around I find. Absolutely crazy. So if you you. People have to. Create. Benefits for themselves government can't get have it. So. I find this election incredibly important to the direction of our country. I could go on and on. But I don't think you want. To have a longer time, the chat Mr Reagan thank you so much. Good avalon appreciate the time..
UK and Germany's different approaches to the pandemic
"The UK and Germany are both leading democracies and not far apart on the globe. They took very different approaches to the pandemic with very different results the UK as suffered the most covid nineteen deaths in Europe Germany with a much bigger population has lost far fewer people. NPR's correspondent in each country rob Schmitz in Berlin and Frank Langfitt in London had been talking among themselves. Hey Rob Frank. So tell me what happened in the UK. were. So many mistakes a big reason is the government honestly doesn't really seem to think ahead Boris Johnson you remember he sold Brexit to the British people in two thousand sixteen with no plan on how to execute it. So in the virus began spreading here Johnson course he's now prime minister. He was slow to recognize the threat here he is on March Third I was at movie night. where I think the rush if you credit ours patience and I shook hands of everybody. So by April Johnson an icy ICU covid nineteen I was talking to you in Boyd he's a member of the scientific group that advises the government. The UK didn't really grasped the speed with which the epidemic was entering the country under are all sorts of reasons for that, some of which are to. Lack of organisational capability sometimes when there's very high uncertainty, you simply have to shut things down really quickly and frank here in. Germany. That's what they did on January twenty seven. The first known case of coronavirus was sent to Clemson ventner chief physician at the Munich Schwab in clinic we have very similar like the boys gall. Be always prepare. Then you're watched what was happening in Italy in January where the virus was spreading pretty fast and we knew that we have to flatten the curve. So even before the first case of Covid nineteen and Germany, he was working on slowing its progress and he says the German government was involved from day one asking us what do you need we? We? We didn't have to ask them for example, Germany already had a big supply of ICU beds clouds Deutsche is at the Federation of German. You know that it's been a long debate on whether we had too many intensive care beds that warned us that often obviously that debate is over Deutsche says, Germany also has a lot of hospitals. If you take all the beds in all of Germany's hospitals, you get four times more per capita than what the UK has rob. You had slack in your system in Germany there. Was Not much here because the government had been cutting funding to the National Health Service for years, the hospitals were afraid of getting swamped with Cova patients. So they sent elderly patients back to nursing homes some broad cove with them infected other residents at least twenty, thousand nursing home residents died of covid. That's terrible in while in Germany, deaths were prevented through testing and contact tracing. The health authority in Berlin district of Hong, Kong and operator talks to man at conduct with a positive case, there are around four hundred call centers like this across Germany Peters directs this one become Austin We have traffic wardens and librarians working for us. We've recruited gardeners from parks and recreation Germany had a lot of manpower and testing to infrastructure filled with labs and university medical centers across the country. You know here the government misread the corona virus they thought it was going to spread as quickly as the flu. They didn't even try to develop a testing system where we steward he's a former British cabinet minister they were very, very confident. And slightly arrogant neb beliefs that they understood this disease better than other countries, I think the lack of scientific education amongst a lot of the British political elite meant that they were very reluctant to challenge scientists but here, Germany. Frank. A trained scientist is at the helm and Chancellor Angela Merkel. gave one of the most powerful and heartfelt speeches in her life when she made a rare national address on March. Eighteenth dusted fees above in then. Comes here. I have absolutely no doubt that we will overcome this crisis. How many victims will it claim? How many loved ones lose to a large extent? The answer lies in our own hands miracle has a doctorate in quantum chemistry, and in another speech, she patiently explain how important it was for Germany to reduce the viruses reproduction rate. Her tone was always humble and deadly serious. I'm. Doing this Icefield is off that. We are thin ice. This is a situation in which caution not over-confidence is the order of the day it really different here Johnson studied classics at Oxford University. He was president the debating society and as Prime Minister he's tried to rally the country with rhetoric. We must act like any wartime government and do whatever it takes to support our economy Johnson's Ori helped win a landslide election last year, but a pandemic, of course, not a campaign. Here's where. We store again he sees himself as somebody who is encouraging a rugby team for nineteen minute match telling them that fantastic to make them play. Well, he doesn't primarily see himself as somebody whose job is to get into uncomfortable details were chew over policy and strategy but frank, it's this chewing over of policy and strategy. This technocratic nature of the German government that may have also contributed to Germany's success hunts could is senior research fellow at Chatham House this sort of doubling down on technocracy. Populism has now been discredited by the Corona Virus. He says, that's potentially dangerous. If technocrats feel too emboldened, there might be an even bigger growth populist backlash in the future some people will blame Johnson for Britain's handling of covid campaigner. He thinks Johnson's more symptoms than 'cause captors just written a book called why the Germans do it better notes from grownup country. We've descended into believing that somehow because we always muddled through in the past muddling through is a recipe that will get us through in the future. So rob where's Germany now with crow verse? Well cases are rising deaths are not that tells us these new cases are from young people, children across the country are back in classrooms, but the German government seems so far. Okay. With the dangers of this, there remains a strong infrastructure of hospital beds, testing, tracing Germany fields, prepared and Chancellor Angela Merkel's popularity ratings are sky high eighty, six percent. WOW cases rising rapidly to we've got new strictures but Johnson actually had trouble explaining them to the nation recently the last surveys Ron Johnson is under forty percent approval rating testing capacity here still can't meet demand. And Winter's coming. NPR London correspondent Frank Langfitt, and Berlin correspondent. Rob? Schmitz.
"schwab" Discussed on The Wellthier Together Podcast
"Hello and welcome to season four of the wealthier together podcast. As we all know, twenty twenty has been one of those years. A lot of people are facing anxiety. A lot of people are going through a lot due to the current events that are occurring around us. During this time, a lot of people are facing a lot of uncertainty. So I decided to do more inspirational type interviews. With women who are finding ways to choose faith over fear during this very uncertain season October is domestic violence awareness month, and the first interview is with Alli Schwab a conway. Cox About how she survived domestic violence and sexual assault. She also talks about some ways that she was intentional about her healing process. She talks about red flags that you should look at and she also talks about the stigma of domestic violence in the church. So, check out her podcast interview and learn how she chose faith over fear. And continued on with the healing process after domestic violence sexual assault Alison Schwab A we is an author Speaker missionary in coach Alison and her husband are directors of effective life missions international, which is based in Cameroon. She is a survivor of domestic violence and sexual assault which fuels her passion to inspire and support other trauma survivors. Allison is working on her big dream that includes starting her. Own Nonprofit Organization in Tanzania for domestic and sexual assault survivors to offer a faith-based recovery program.
Pixel vs Nexus with UrAvgConsumer
"Big sensors with the Luma. Ten twenty. You will see things you never seen an entirely new. All high resolution forty, one megapixel back side illuminated sensor the forty one mega. Kind of thing that we are maybe entering another round hopefully of weird experiments and not just everybody competing on who can have the best low light performance absolutely you keeping up on like I, guess it's folding phones right thing. Immediately thinking what is it the algae wing and this is the wing. Yeah. I know looking at the pictures it looks weird and. But I'll. Great Job Oh man what do you think of that thing? A thing is wild I haven't seen it in person yet. I have so many questions in terms of how it is to actually use on a day-to-day basis just flipping opening closed is incredibly nice. It's also way thinner and lighter than you would expect from something with two screens in weird flipping hinge like this I think is the most out bird design we've seen so far. Yeah. By folding phones we get it makes sense but flipping twisty whatever yeah I know it's crazy so. We are starting to see experience because I don't want to smartphones have plateaued kind of plateaued in terms of just features an youth new things that will. Come to them. So now this experiment of adding extra screens or expanding screens, it's a, it's really taking over the other thing that was different in that area and we check with the next five is Google had this strategy where they didn't make the phones themselves. They went to like different manufacturers over here and make us a phone and they did it so that they could just make a new version of android and like show off with how Or could work whatever. But now we have this pixel strategy. How do you think that's going? I know it's it was interesting because back in the day who they have within the next five LG was G. I I remember every time a pixel came out a next came out I. I was always waiting for my favorite manufacturer to get the nod. HTC. Come back on the next us. I think I like that. has taken over I think it means that there's More control and what we're not seeing a second vice somewhere out there that looks exactly like but with different software. Yeah I don't know if people remember this the next this was always basically based on another phone that the company already made and so you knew that this was just like the Google version of whatever the other was it like the g three for the next five I, can't remember and remember. As possible ninety five G. Three. Yeah. What did he call those versions of Android I? Mean those phones always had just like a stock version of android Google play edition yes. The play this and. Came like right around that time, and so you could get the stock version a back back in the day we we thought of it as a stock version. It was technically still like it was the Google version it wasn't pure stock Android, but you could get something without touch was on it because. Touch was was sway too much back then. It was so much stuff that was like the my least favorite out say then having that option was so cool. But Digress. I do like that Google has taken it on themselves. Have they made the best choices in terms of like design, all that MOS. Absolute each person to decide but I still like it being in house you know I feel like it's it gives them more control. They choose to exercise. You know really listening to feedback in implementing that you know but I do like the strategy I feel like we've seen. Microsoft. Really good job with that with their hardware on the surface the laptop stuff. Laptops. Just seeing them. All right. We're GONNA take this in-house start making our own things and you know we've seen pretty good success. Yeah for them. So I like the idea as a matter of like execute. Well so I'd like I agree with you I like the because. Google gets to make what a definitely wants to make. Right. It's not. This, year the next. This is not so good because it. You know they they based on the wrong phone this year, right? The next six was hallway phone had all sorts of bugs. What Google makes Google's responsible for right. There's nobody else to blame, but it also means that there's nobody else to blame, right? Yeah. I love Google don't get me wrong best al I love the Pixel devices but one thing I feel like we see manufacturers kind of learn and change things up a bit. I feel like the pixels learning curve has been. Not, the BASS. Just just from the hardware perspective is just. Having been wowed by hardware in a while right. So this is my take on it as they're really conservative right now. So actually the pixel five is a perfect example of this. They went back to fingerprint sensor, but everybody else Samsung has been doing screen figure fingerprint one plus has been doing in screen fingerprint sensors. It's like it's a whole thing. Google didn't. So part of it is cost savings but part of it their explanation for. Well, the one on the back is a thousand percent reliable and it's faster and they're not wrong like I do still have a little bit of a lag sometimes even on like a super fast hot Samsung phone hitting that fingerprint sensor under the screen, but it's not exciting. Is the TIKTOK they're exactly I honestly, I'm not with you mentioning that I'm I remember liking having a fingerprint sensor in the back and it's just so how how our opinions can change over time because the way the market goes, but I really enjoyed having a fingerprint sensor the because you could just pick up your phone and the second you pick it up you're. Thinking directly go onto the sensor and your phone is unlocked pretty quick and easy experience honestly. Also weird season ticket step back. So with the next five, they came into that thrifty price point done it with the Pixel for the the next four and so it was they were a little bit cheaper everybody. Also, all phones were cheaper. But they were they were cheaper than everybody else. There wasn't a lot of competition at that price point at that quality. So the next five, one of the reasons I loved it is it was cheap and everybody else but equality. But now with the Pixel Five, there's a lot more competition this year right then they had with xs five there's the there's one plus eight out there. That's relatively cheap April can sometimes be that same price, the Samsung Twenty, F, e. Got The faster processor Scott like three cameras on it. There's an iphone eleven that's the same price and the iphone twelve is going to be who knows probably around that same price. What do you think the landscape that they're putting this mid range Pixel five in? Its competitive. It's competitive right now and feel like they went down to weight class but that way classes kinda stack to you know it's not just like bringing down the price you're not competing with Fox's anymore. There's a whole group of phones in that area now. And it's GonNa. Be a tough battle because in the phone department, there are some really big names out there like Samson. Apple. So it's it's not GonNa be any easier I direction but it would have been cooler to see things like to see those flags of specs or. Sort of flagship specs at that price point. Seeing snapdragon age sixty, five or something in there rather than the seven sixty five being able to have those things and kind of call like, Hey, boo, just slashing prices. That's that's a more interesting story you know but I mean it's still and it had like one twenty hurts you know just just those features that we expect from the flagship is if they were able to bring that down then we're. We're able to compete. That's actually like the central conflict of the pixels who pays attention to the pixel like really truly who knows what the Pixel Tech nerds right people that are like really into phones attack an android or like Oh. Yeah. I know about the Pixel I know what that means I know people know that Google makes a phone or whatever. But like the people that are really paying attention are the people that know the difference would might care about the difference between a ninety one, hundred, twenty screen so they're making a phone for the masses but the. Only people paying attention to them are people that are in attack, and that's a really hard thing for them to deal with and people in that category that that market is looking. So heavily those numbers yeah under super informed exactly and even if the numbers tell the entire story or they don't, you know exactly take the experience that audience is suber driven by those numbers like insanely. So it does make it a lot tougher because people will just look at it on paper and say, Hey, this I mean, this oneplus near over here has forty cents megapixel camera thirty megapixel. Really really tough well, lucky for everybody There are Youtube Channel Take consumer that will tell the people about the specs and about the numbers. So the understanding but also talk about the actual experience of the thing if it's any good and the average get Super Schwab, where can people find you if they wanNA look for you youtube back actually anywhere you can find me can also media just type in your average consumer and Alibaba. Well. Appreciate you coming on the PODCAST and I'll be waiting for your up five view. Sounds good to see her.
Verizon to buy prepaid phone seller Tracfone for $7B
"Billion billion for for track track phone, phone, the the country's country's biggest biggest cellphone cellphone service service reseller reseller that's that's phone phone industry industry speak speak for for those those monthly monthly prepaid prepaid plans. plans. Marketplaces Kristen Schwab looks at why a contract king like Verizon might want to expand into the contract. Less phone business. People who use a prepaid month to month phone plan are usually people who are living month to month. Angela See for directs the national digital inclusion Alliance having a prepaid phone. It means that you control what the charges are are and and when when the the charges charges are are maybe maybe your your credit credit history history means means you you don't don't qualify qualify for for a a traditional traditional contract contract plan. plan. Or Or you you can't can't afford afford your your plan plan one one month month So So you you downgrade downgrade With With a a track track phone. phone. Prepaid Prepaid plan $15 a month gets you 500 minutes 500 tax and 500 megabytes of data and you, Khun Top off your minutes at a retailer like Walmart or best buy. It's a huge market on in this recession we can on Ly assume that the market would increase. When you see higher unemployment levels when the economy takes a dip, there's often a shift more towards prepaid Brandt. I adore Ola at Frost and Sullivan says prepaid phone plans make up almost 20% of the U. S market. And Verizon is taking about this number will grow fast faster than the time it would take to bolster its own prepaid service. Because why spend money on a makeover if you could just buy Trac phones, 21 million customers. Is kind of the faster equate the gains and significant share on the pre stateside and this deal isn't just a pandemic grab. It's a purposeful expansion. Ever since the market was boiled down to three major providers, Verizon T Mobile and AT and T these companies have had to become everything to everyone. Terry Kramer directs the Eastern Technology Management Center at The carriers there having a look at other ways to grow. The deal still needs approval from antitrust and telecom regulators. But Kramer says, it'll probably go through because unlike the T Mobile in Sprint merger that happened earlier this year, prison and track phone can argue there in complementary, not competing markets. I'm Kristen Schwab for Marketplace on Wall Street
"On the western side of the Indian subcontinent, there is a city called Puna with an estimated population of seven million people. It's the eighth largest population center in India. As the informational technology capital of the country known as the Oxford of the East due to many universities and technical schools scattered throughout the city. At the near center of the city on the Bank of the Muto River is a majestic eighteenth century fort called Shawnee war water. was home to some of India's greatest warriors and politicians as well as some of its most dangerous betrayals. The death and destruction tied to the fort has left behind shadows Phantom pushes and pulls and disembodied voices crying out for help. These spirits are the last remnants of the Fort's storied history as a series of fires have ravaged the building itself. In order to understand the loss experienced by both these spirits and the culture they came from one has to die far back into Indian history. If South Asia can be defined by anyone conflict. It's the region's ongoing religious wars between Hindus and Muslims long before the British and Portuguese arrived and exacerbated these problems the countries we now know as India and Pakistan were divided into smaller kingdoms who fought for religious and cultural dominance. During, most of the eighteenth century, the Indian subcontinent was dominated by the Mughal empire. Muslim. With its origins in modern day, bekker's can. In seventeen twenty the head of the Murata Empire appointed a twenty year old warrior named Bagio belong to succeed his father in the role of prime minister or pay Schwa-. Balji raw was determined to fight his way from Poona to Delhi in order to expel the moguls and claim all of the Indian Subcontinent Taza State. It. Is Nineteen Year career as a PATUA. He never lost a battle. As, his grew so did the power of the Pay Schwab US eventually superseding kings they were expected to serve in terms of power and influence. Ten years into his campaign to expand the Miranda Empire. Mogae row began building a seven story fortified palace called SCHONE WAR WADA or Saturday fort in seventeen thirty it was completed in seventeen thirty two and would serve as the seat of the patients power until European imperial powers forced them into decline when he wasn't in the field Balji row stayed with his wife, Kashi Pie and their sons at Shawnee War Wada the garden. So the Ford provided an idyllic place for children to play and the many halls of the palace were lot in the region for their decor. This included both intricate teak finishing San wall-paintings of the Ramona and the Mahabharata it is at this point that the historical record gets controversial. Body row married Mustang any the daughter of the Rajput King Shot Sal and his Persian Muslim concubine. Unheard of for both Hindu and Muslim rulers to take multiple wives. However. mustangs ties, Islam Islam, and the lack of official approval from both body Rows Family Yen Kashi by presented personal and political issues. Some claim that the marriage was a political match meant to thank podgy raw for saving the Rajput Kingdom. But legend has it that body route fell in love with the princess after she broke into his tent in men's clothing to ask him for military aid. The story says that podgy row gave Donnie a dagger perhaps not realizing that doing so was a sign of marriage in Rajput Culture. Whatever the truth was? Followed her new husband Ashani Wada or she faced a chilly reception from her new in laws. Macci rows mother and brother refused to acknowledge her and body row ended up having to build a separate residents for her. Believe it or not. This period was in many ways the most peaceful era and Shinawatra's domestic history.
"schwab" Discussed on Mindfulness Mode
"Things because we'll never be able to prepare for everything and it was book was written in two thousand five but it was so timely today right because I didn't have cue all figured out when I figured out my my quarterly and yearly plan March was a definite surprise but just showing up and being present. Can you share an APP? Which can help with mindfulness to me. is it I believe it's focus that background music. I play that a lot To me I've got voices and ideas in my head going. Every which way and what I have found is that when I play that in the background It helps me. Focus helps me. Stay on one thing and the other thing too. Is that when I set the alarm or the timer on it? I'm always amazed If I tell myself I'm going to do this for thirty minutes. I'm amazed how fast thirty minutes goes or I'm going to be of myself ninety minutes to get this done It's amazing the projects liking on that. Okay well that's that's really awesome Tell me what your donkeys taught you about mindfulness. Oh that is a great question. Donkeys are Most people think they're stubborn animals. They're not who just very inquisitive and they won't be bullied into anything whereas you can. You can put a halter on a horse and pull it into something a donkey all just fight you so often. It's introducing them to something and letting them learn it and wants to get comfortable with it Then they'll do do anything there so I think they're response of being inquisitive about things that they always want to look at things. Get to know them before they make a judgement. Is this writer. It's wrong you know. A Horse will run away on a field and you'll ever catch it. A donkey will run ten feet. Turn around and look at you again because it's trying to figure everything out so From the donkeys that point at teaches me a little bit of patience right. You can't force them into doing anything and that they just want to learn things They WanNa make sure that they they know them. And so I tried to do the same thing when I see see information. I don't say this is good or this is bad but it's this interesting. And how can I learn more about it well? I think it's cool that you have donkey's because I know they're they're quite an interesting animal. That's for sure. Do you have any other animals We have a The two miniature donkeys. We have a dog and we have a barn cat I always call it a barn cat even though it hasn't seen outside and over five years The first time it got cold in Michigan The girls who were still living at home at the time said Oh. Can't we just can't we just let it in for this Cold Day? Well once this cat had seen the inside You could leave the door open. It's not going out. Oh is that right yeah? Is that right cool well? Tom has been so much fun. Getting together. And talking about the benefits of podcasting and I'm just honored to have you as a as a guest here in the show Bruce. I am thrilled to be here. Love the show and the only way that this could have been better if we could have been together in real life but I I pray that that is coming soon and You know if there's anything I can do to help anyone. Please just go to interview valet dot com for slash mindfulness mode and up with the free book there There's a assessment on whether or not podcast interview marketing work for you and I'll put all my social media there so you don't have to try to figure out which time Schwab and Kalamazoo is this. Thanks so much Tom. Talk to you again soon. Bye Now. Banks Bruce thanks so much for joining us today on mindfulness mode for show notes for every episode checkout Mindfulness Mode Dot Com and type the guest's name or the episode number into the search bar. You can also go mindfulness mode dot com slash. Whatever.
"schwab" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Podcast on Apple podcasts or wherever you listen to podcasts as well as at Bloomberg Dot Com let's switch gears though sticking with Wall Street and talk about Broker Commissions Today Day this morning there was news that Charles Schwab is eliminating commissions for stocks. ETF's and options listed on U S or Canadian exchanges the race as to the bottom accelerates David Ritter payments specialty finance analysts for a Bloomberg intelligence joining us from Princeton New Jersey David. What do you make the news well. It's been something that's been a long time coming. I mean obviously fee compression brokerage in an asset management more broadly is nothing new. I mean interactive brokers made their own own move last week to cut commissions two zero for basic stock trades so I think it it's going to have the very different impact on the different players players in the market and Schwab's case you know they only earned about fifteen percent of their net revenue from trading commissions verses e-trade and td Ameritrade where it's more than thirty five percent. I think you're seeing that reflected in the action this morning but but Schwab is really more an asset gather than anything and and so I see this move for them as a recognition of the fact that you know we don't WanNa lose customers and assets in the long term to these new stock doc trading apps whether it be Robin Hood or whether it be J. P. Morgan is you invest because that's how they make money they make money on new net new assets coming into the company and then you know sixty percent of their revenue is net interest income so they're essentially a bank right so they're paying low interest and Dan reinvesting that money and save security so that's the real driver not trading commissions. It's interesting look at the stocks mention Dave Schwab down nine percent. Td Ameritrade down about about twenty two percent today an e. trade down eighteen percent so kind of right in line with what you were saying and my question is kind of talked to us about some of these new technological competitors offers that you mentioned kind of robinhood and things like that gives a sense of what they are and what kind of market share they taking yeah well in the case of robinhood. You Know Very Rapid Growth Bruce Company several million customers already offering quote unquote free trade what underrecognized though is Nothing's free a write in the case of all of these retail brokers that charge the customer Azero trading fee. They're sending those traits to market maker so companies like citadel citadel and they're getting paid. What's called payment for order flow for those transactions so in their released last week. Interactive brokers was very candid they they said well you know this is how we get paid and if you still want best best execution you can take our four. Fi product instead of our free reprised so I just thought that was an interesting way to to approach it but you know certainly these things are having an impact and for Schwab. They finally said to themselves look we. WE DON'T WANNA lose these customers 'cause they're young people right so they're really the future drivers of their growth right now. Looking at Schwab shares down now more than nine percent so shareholders aren't buying it. Yeah I mean I think for both of them. When I described a minute ago what percentage of revenue they get from trading trading commissions I think the market is pricing in perhaps half of that revenue going away. It's interesting because the last round of price cuts was a couple years ago. Oh Fidelity sorta kicked it off by going to four ninety five trade and Schwab matched them what happened across the entire industry was fascinating is that the net inflows to the the companies and the trading volumes increased so it actually drew in more customers and so again I think that's Schwab's rationale here is we're trying trying to remove any impediment to folks either getting more active or becoming active in the markets for the very first time and then going going forward into the future so not sure. We'll see exactly that again this time but that's what we saw last time. David thanks so much for joining US David's payments and specialty finance analyst US Four Bloomberg Intelligence and joining us from the Bloomberg headquarters in Princeton New Jersey..
"schwab" Discussed on View from the Cheap Seats
"A little bit granted during the tournament and on Twitter quite a bit. And your Twitter handle for for everybody to follow at how we Schwab. And how shrub a Schwab? We love you. Thank you so much for taking your time with you anytime anytime guys a love at your knowledge is amazing. And we are just sitting here. Just drinking it up like it is just the most tasty smoothie we've ever we've ever had. Thank you have a great one. Enjoy the rest of the turnament. All right. Thank you guys. Take care. Bye. How about that j Schwab the fish? I love it. I love the people thought they were smarter than the Schwab. Yes. Sixteen people got him. But you know, what you probably again, it's like the tournament. It's one one shot one shot by the term is. So I love that. He shares our belief that the tournament is got from that interview, which I love when we come back. We're gonna have voicemail from high dick vitelle by dick mentioned many times that interview what you get from. How Schwab is how much he still loves the game. It's in there in him. And he's more than just a numbers guy. He's a real fan. That's right. So thank you to him for joining us. Let's take a break when we come. This is yellow brick by Rick Wilson is really good. We'll back with a special after this. Hey, guys. Welcome back to the show. Wanna remind people that we are going to be the moon tower Connie festival doing little moon tower action that's at the end of April so excited about that. We're going to do alive down. People town dumb people do tag it. That's gonna live towns. Friday night, seven thirty at eight hundred congress on the twenty six and then we're gonna do a show called tag it where we bring our comedian friends up. They do their set. And then we come on stage in real time. We're trying to write tags for their jokes. And we'll pitch them on stage. It is so fun. We did that show before can't wait to do to moon tower. We doing too goddamn comedy jams. So he turn on tournament. Just lots of fun stuff. So we'll see you guys in Austin, Texas, and that is April twenty fifth through the twenty seventh. And then in may we're going to the blue at in Bloomington. Indiana, the comedy addict, one of our favorite places may ninth eight mine in tenth and eleventh. So we're excited about doing that and the end of the month. On Friday and Saturday the thirtieth and the thirty first of may and the first of June. We'll be in Salt Lake City at wise guys one of our favorite clubs, Keith Stubbs is just the best in a great sports guy to he knows his sports superstars dot com. You can see all our dates..
"schwab" Discussed on View from the Cheap Seats
"So this team is going to be great, and the coaches had a chance to sink their teeth into these players and say, I'm going to help mold this guy, and I'm going to have a center for four years, and you also had more mature players coming into the NBA. Right. The one and done has left you with kids who still have a lot to learn. And I'm curious to see I was I does wanna goes in the NBA. I was going to ask you about that will be I think he will be very good. But it will be still a learning process of the road trips. The the mature players going against the size the speed of the game could be able to Bill on different. Yeah. He's not gonna be able to bully people around blocked. A lot of shots are going. We talked to Gilbert arenas. We saw him around the podcast to DO awhile back. We're gonna have him on the show. But he was saying we'll get into it more with him. But I'm curious. You know, he said he said Zion. Williamson is six six which you know, everybody is always on in the program is an inch taller than than they than. They really are. Yeah. So if he's let's say you measure him at a at an NBA combine of sorts and he measures out at six six where does he play at the two? Is probably right is fast enough to be a two is e long enough to be three. I don't think he is. He's definitely not a four. So he's let's as the two he's a to his all handling skills. Good enough to be two. He can't shoot the probably not can't shoot the three like a to. I know. So it's whoever gets him. I is going to have a project more than they think, you know, what? I mean, he's kind of coming out with a lot of hype. But I don't know if he fits in where he fits in the NBA, maybe take John Maranto take Barrett. And you don't have that problem. That's right Barrett's, much better. And John Moran to me feels like a guy who's going to be a great NBA player. Just a Greg set way. I mean just looks that way, you know, playing at very St. you're not playing against the top notch teams every night here. That's that's the thing you have to wonder about. But certainly been enough players coming out of small colleges over the years that have following guy named Stockton was pretty good. Yeah. Steph curry pretty good. Pretty good. So, you know, Luke, Luke ridden our kidding was Oregon. Yeah. I don't know was he now resort. But all right. So you have to go I have to come back and answer euro, the quest show, stump the Schwab, still lovely call. I got called into an office one day and Mark Shapiro. The senior vice president we know very well. Yes. I know me and said, you know, why you're here you said, my guess is has something to do with Talbot. Who I worked with something with him? What's going on? We've decided to start a new show said, oh, really what it's called stump. The Schwab you're going against people. We know you're pretty smart. I said what? The Schwab with that question sorta like okay one deal. I went I went I lose lose. I'm not pressure on myself. And the one thing I did which was really smart about stump? The Schwab we went down to look at the set and see everything and they said, oh, we have stand ins for you. I said no I want I want to try this. I wanna see what the questions are like I want to see what the set is. Like, I wanna see what the chairs like. Yeah. I got very comfortable in five minutes. And I think I had an advantage in the studio bidding. They're being under the lights feeling the pressure of the seed to feeling everything and I felt really comfortable. And there are some people who were contestants on the show who clearly got nervous to clearly were not not set by by the lie. Lights and everything that was around them in the scenario..
"schwab" Discussed on WSJ Secrets of Wealthy Women
"And she came back. And I said, so how did it go? And she said, unfortunately, I'm I'm behind. I'm not, you know, I I'm behind them where I need to be given my age, and I want to say her name. But I said no way, you know, you've been working with me side by side. You know, how important it is to be diversified and participate in stocks and equities, and she said, I know I just had too much in cash, and I and I think what what gets in the way is the fear of of the stock market because it because it is vol. Title. And so people think that going into cash or mutual funds is a better deal, but that's just as much risk being in cash holds just as much risk as maybe picking that hot stock. And that's why we so recommend a diversified portfolio of equities because you know, it's like not putting all your eggs in one basket, right? It's a whole bunch of different companies and industries and so forth, and then you can use cash and bonds to, you know, balance the volatility a little bit, you know, during different different economic times financial firms have largely had a tough time connecting with women. Oh boy. I you know, that's a that's a good question. I will tell you that historically, you know, I mentioned Schwab Schwab, or my dad's started tried to start a firm that with more inclusive, and I think a lot of it might be have to do with. It's a high pressure sales of you know industry, and I think what? People have to realize is that you don't have to have work with somebody like that. It's really important potentially to work with someone who's fee-based. So they're not incented or motivated to churn your account by all these this stock that stock or push a products that their firm is trying to push in. It's not necessarily right for you. I'm a big believer in red. Well, I'm a big believer. Of course schwa-, but registered investment advisors. They're usually fee based so it's a percentage of your assets. And so because it's a percentage when you're account goes up there, they earn more. So so it's in their best interest to help you grow your portfolio. So I think compensation is a big differentiator, and to be honest to you. I think it's changed a lot since I've started it has become more women friendly. I also think that with the rise of the 4._0._1._K and that so many women are in the workforce in a way. It's it's a forcing us..
"schwab" Discussed on WSJ Secrets of Wealthy Women
"So I'm just a big believer that we as women have to be more disciplined and engaged to have the financial income our outcomes in the security that we deserve. How come me become more confident as women? Well, I, you know, I'm out there advocating for parents to bring their daughters along, but you know, obviously, not everybody had that opportunity. You know, I always always have serve joke that on my own little focus group at Schwab is all the women at Schwab. Their parents talked to them about it, their dads were encouraging and so forth. But I think you know, just sort of the, you know, Nike whatever logo just do it. And there's a lot of great. Financial experts firms that you know, I tau Schwab. We my dad built the company for every day Americans. Some people say for the little guy. I mean, my dad went use that word, but but you're firms out there that don't care how much money you have. They just wanna help you. And I think you if you could just, you know, make that phone call or go into that office, or, you know, talk to a friend and gets mad vice on who you know, who you might reach out to. But I think it's just a matter of dipping in. And it's really it's an it's an assessing for your security. First of all go in so many different ways. I mentioned, you know, get help. There's no shame in getting professional help. You know? I mentioned I you know, I have professional help. And there's plenty of people out there that somebody who can be your partner in it. The other is, you know, if you're one to want to go online, there's some great low cost asset allocation ones, you know, like robo funds you here and there, and they're they're well diversified and all the different sectors of society large and small companies international bonds and cash it again, it's it's picking something that's low cost it mirrors the market. You know, it is an equities is just about participating in the market and thinking of it long term. I always, you know, quite the stock market to like elevator where it goes up, but kind of jig Jags up, but it of overtime. It outperforms any every other sector, including cash or bonds. What's one misconception? You hear from women about investing a lot of people. On. It's not just as -sarily women. But I actually had a colleague who is not in investing. She's not investor, and of course, you know, Schwab's not all financial experts. Right. We've got people in technology in HR operations, and so forth in this woman was in her forties. And she and I worked side-by-side for almost twenty years. She was in her mid forties. And she went to the Schwab office to check in on her retirement and her 4._0._1._K.
"schwab" Discussed on News 96.5 WDBO
"Brokerage firm ourselves schwab is a discount broker is the broadmarket etf which is like a total stock market index fund but soldiers slightly differently you can add to it as you wish completely commission free and they are a great company and i'd feel absolutely comfortable with recommending to you that you do your investing at schwab with the schwab fines stevens with us on the clark howard show hello steven there clark how you doing great thank you steven 401k's.
"schwab" Discussed on WTMJ 620
"To that is schwab that requires a minimum thousand for i think virtually every account they offer except for kids account which is one hundred bucks and so if i was faced with this question for one of my kids it would be so automatic to me what i would do is you said three kids five hundred each right the forecast five hundred eighty four kids all under six all under six crazy wow well i could not handle crazy but blessed okay so you could you could go as an example to schwab office open custodial account that you're the owner of for each of the kids and put them in one of the schwab index funds and the tax treatment on those is phenomenal favorable as your kids grow up and as they age and then way down the road hopefully when they decide to sell whatever they put in then they're subject to very favourable taxes at the time they sell by going into an index phonetics fund simply owns little pieces of hundreds or thousands of companies right and schwab has their own branded one that you could put the kids and it's an index that is used to be called the broadmarket etf i think they've made a slight change in the name of it but the idea is your money goes into this one find that owns thousands of stock senate and so the kids would own pretty much the whole us stock market big companies small companies and inbetween okay and then over the years till they start working they are able to add to this until work begins so generous soul gives more money to any or all of your four kids you can keep adding to it but once they oldest starts working that's the point at which any investing you do is done through a roth instead of in a traditional investment account right okay so the point that the oldest one goes gets job that's when we would want to start a roth ira.
"schwab" Discussed on KTTH 770AM
"A tax bill to go along with it so that was the christmas present so the mutual fund had sell securities to meet the redemptions and then those taxable gains were passed through was an etf if there's redemptions you can pass through securities to the market maker of the person the ap and those are offset and so those don't get passed through to the investor yeah kinda works at one way of thinking about it i talk a lot about real estate transactions using section ten thirty one exchanges where you can sell real estate and purchase other passive real estate or active real estate and not to pay the income tax because there is an exchange there's also a nudie contracts you can get out of a variable annuity that would have a lot of tax if you cash it in and exchange it for instance for a fixed index to nudie using section ten thirty five and you have an exchange of insurance contracts again not a taxable transaction well here in the very name of an etf is exchange traded fund so much in the same way the operators of the efc do exchanges allowing for the taxes is not to have to be paid at the time a redemptions whereas a mutual fund does not have that opportunity so right there an enormous again in normal amount of income tax could be created out of nothing for i loved your allergy there the the christmas bonus think of tax that was that was spot on there are even other attributes so for instance if a company wants to list their mutual fund on an exchange like schwab or fidelity typically there's a sales fee in that maybe you can talk about that run.
"schwab" Discussed on News 104.5 WOKV
"And finances as well but phone tap one is not nice what's actually bad okay uh we'll there were okay are you a gun attack me now uh but uh this larry that's right they larry 'have her mother missed nor money okay i heard the little kind of pitch jiang so i putt it could be something going on that's a good way to describe it could jiang sound in fact you're not seeing jinx out what's going on larry that what that's what you will not do doku jiang eight by okay so we get we're all limited time at this point clear i'm a very the i i've bucatini before about this in the dow is around twenty four i get and now it's up as you know and and i haven't done anything and i feel like i'm missing out at that time i was interested in the idea and kill him in fact i'll have to costa i i don't really manage the thing myself and so i wanna put it in i sort of a charles schwab or then uh and and uh and and at the like highest uh i yield fund that's that's available and at that time you say well in this is about two hundred and thirty thousand that you said it would be better for me to talk to um uh um and advised r a c only adviser because uh that's enough money that uh it just putting it into a mutual friend uh it it like middle there the question now is so i hit so there i am and i want and i i would like to just what do you think i should expect to pay for a fee only adviser and uh do if they're all possible that i'd be okay if i just went ahead we'll safer charles schwab and they'll as they already tried to very small amount of money like maybe less than a percent well you're the level of the level of any service that you get is gonna be based on how much you're paying so the more that you pay the more that they're gonna do the more financial planning they'll do in the more.
"schwab" Discussed on Slate Money
"Slate money is brought to you by charles schwab what is schwab's modern approach to investing it's awardwinning full service and low costs it's transparency about how much you're paying in fees and commissions it's offering some of the lowest costs knee industry including 495 online equity trades backed by a satisfaction guarantee so if you're not satisfied for any reason though refund the fees and work with you to make things right that's why they call it the modern approach to investing so ask yourself are you getting low costs and awardwinning full service if not maybe it's time to call schwab charles schwab own your tomorrow visit schwab dot com slash money to learn about our low costs satisfaction guarantee an awardwinning service so we're going to have a numbers round the before we do what let's do a little bit of fantasy here let's reverse engineer the crash is gonna com and the question is what's the catalyst was the event that causes the crash well if i'm this is my doomsday prophecy so take it with pitch of salt but i think it's not it's it's plausible that case but let's say the federal reserve act he raises rates quicken than people expect next year maybe because let's say john taylor becomes the next fed chair m a s exactly any starts yet taylor rule all the way all day and sought jacking up interest rates the market kind of freaks out and volatilty goes up and then we have these short volatility tries people in betting on volatility saying low they saying oh my god oh my god i need to hedge myself and they do that by selling into the market.
"schwab" Discussed on Slate Money
"Thanks are too small man we're gonna have active like an antitrust the banks episode at some point one zero there are five bank which very big put that might have another 50000 which you just pointless that's the key in often undercapitalised we're going to get like one really angry letter from a community banker because you know we have at least one is a list an eye vegan community i used to be on the board of credit union which had twenty million dollars in assets i mean late much as i love credit unions and i would support everyone moving them money credit union this no way you can run a bank efficiently when it has twenty million dollars in assets just can't be done are at our at fine slate money is brought to you by charles schwab what is schwab's modern approach to investing its awardwinning full service and low costs it's transparency about how much you're paying in fees and commissions it's offering some of the lowest costs in the industry including 495 online equity trades backed by a satisfaction guarantee so if you're not satisfied for any reason though refund the fees and work with you to make things right that's why they call it the modern approach to investing so ask yourself are you getting low costs and awardwinning full service if not maybe it's time to call schwab charles schwab own your tomorrow visit schwab dot com slash money to learn about our low costs satisfaction guarantee and awardwinning service okay we're gonna have a rare and special vaporware vic moon i'm really happy about this all secular nation other if i'm gonna i'm gonna kick off with the sleep pitch.