35 Burst results for "Seven Billion Dollar"

The chip shortage is a manufacturing problem that wont be easy to solve

Marketplace Tech with Molly Wood

05:31 min | 2 d ago

The chip shortage is a manufacturing problem that wont be easy to solve

"Here's what's going on. With the chip shortage thing. I among us chipmakers only intel fabricates. Its own chips in the us. The rest contract with big companies mostly in taiwan or korea which are known as fabs the biggest tsmc in samsung. Their facilities are incredibly expensive and take years to build and even upgrade now add in pandemic lots of people at home buying computers tablets phones throw in the pandemic slowing down. The actual manufacturing and there aren't enough chips for cars medical equipment or all those other devices last week. President biden requested thirty seven billion dollars from congress to kick start the domestic supply chain for chips on shell. Sag covers the semiconductor industry at more insights and strategy. I asked him. If that'll be enough. I think thirty seven billion dollars is very likely a down payment. I'm not really sure it's enough because ultimately if we want to move enough chip producing capacity to the us There needs to be a considerable monitor investment to incentivize the tsmc's in the samsung zoo world to do that. So the companies that develop chips in the united states many of them all contract with the same foundry right. Tsmc so it's not like they're completely in charge of their own supply. They are constrained by how many chips say. Emc can produce and what other arrangements. It has to sell tips to other companies exactly. So there's there's tsmc the samsung and there's global foundries Those are like the bigger ones. Tim is their provider of everyone. Silicon and based on the customer relationship that accompany house with tsmc ultimately determines what priority they get in that pecking order of. What's available and then tell me about intel does have its own foundry but it doesn't seem like that's going that well yeah. They had some of their own challenges with these new or process nodes and they've been struggling to overcome them and they just recently got a new ceo and they're really aggressively pushing for resolving these issues But they've they've shown that they've been able to overcome some of their challenges and increase their supply because they had shortages of their own prior to the pandemic And now they seem to be kind of getting back on track to a degree but ultimately intel is only producing intel products. This is a complicated problem to solve. Do you think that there is a best solution like do. We just have to wait out. Covert it in this shortage and beef up. Companies like tsmc or is the intel model of companies producing their own chips. Going to be the future. I think there is a valid concern in wanting to have a certain percentage of chip capacity in the us. We have to just figure out what is the right number. For how much chip capacity. We need in the us and how much we as us. Taxpayers are willing to front that bill to ensure that national security level of chips. Apply right because it will most likely come down to a minimum necessary investment. Because i just don't think that it makes sense for the us to try to replicate what tsmc incur and samsung have done in korea and taiwan. Because it's double digit billions and that's just a short term cost. What is and this is just out of curiosity in some ways. What is the role. What role does apple play. I mean i wasn't apple like pretty early to go fabulous and maybe kickstarts some of this trend and then now apple is like intel creating its own chips for many of its products and building this kind of big apple only business. I'm just kind of curious about where they sit in this whole landscape. It's interesting because like you said apple is fabulous and they do. They do design their own chips but they ultimately still do depend on. Tsmc to those trips. And i believe they are number one customer but they do have a role in the industry where they they do influence. What kind of tools are necessary for the fabs to purchase Materials and new technologies are being adopted because ultimately you know what apple wants does drive how the market moves in terms of sensors and and chips. So i think apple's influence is one its size They do influence how much industry will grow and they also influence what kinds of technologies get adopted because their scale make make certain types of technologies profitable And i think with this trip shortage. You're seeing apple not really talk about it very much at all. Because they're kind of the first ones in the pecking order and I think that they've anticipated chip demand just enough that they probably don't really have much to be worried about. So and the pecking order

Tsmc Intel Samsung President Biden United States Taiwan Apple Korea EMC Congress Silicon TIM
How To Make Better Decisions, Faster With Matt Bodnar

The EntreLeadership Podcast

06:40 min | 3 d ago

How To Make Better Decisions, Faster With Matt Bodnar

"Every day were making decisions. Now hopefully take our business to the next level. What do we do with this particular team member. How do we find the best vendor. What colors and fonts should go on the website for next marketing campaign and hundreds of other decisions like these that we have to make every single week. The stakes are high. We can't afford to make a bad decision from the ramsey network. This is the entreleadership podcast where we business leaders grow themselves their teams and the prophets. I'm your host. Daniel tardy am i guess. Today is matt bonner match the chairman at fresh technologies and he's done a lot of cool stuff. He's helped star businesses run businesses launch. New business turn businesses around and especially as passionate about helping businesses scale up from the startup stage to be in a big deal. He knows a lot about decision making strategy and how to align our behaviors with our goals. But he didn't start out in this space in fact he actually started out as a successful analyst on wall street. He was making a lot of money at goldman sachs and so. I was super curious to ask them. Hey matt why did you leave. One of the biggest influences in this is a book. That's influenced me tremendously. Was the four hour workweek. The whole tim ferriss thing and so reading that and really thinking about what do i want to do with my life. And and where do i wanna spend my time and and thinking about. I mean in a place like that you can see the trajectory. Stay here fifteen years. I'm back. I if i stay here twenty years on that guy etc and so i could see what the future looks like and all they wanted to do something more entrepreneurial and i had this epiphany i was reading this article on bloomberg about one of the founders of google. I forget if it was larry page or or sergei would basically set this thing. And they've saying you know which everyone is. The ceo at the time and their salary was one hundred thousand dollars and as a first year analyst at goldman. My salary was more than that. And so i read the article and i kind of had. This chuckled to myself as like a twenty one year. Old or twenty two year old. And i'm like. I'm so awesome like i have a bigger seat salary than the ceo. Google and then literally there was a comma and the next half. The sentence was like andy's worth twenty seven billion dollars stock or whatever and so it was just like an anvil like crushing on the head. That was like oh. You don't get wealthy from a salary you get wealthy from having equity in something and that was really. That was a big difference for me that that made me realize that having a having a high salary doesn't really mean it helps but but ultimately ownership equity is really where you generate the most value. So did that. Prompt you to think i wanna start my own thing. I wanna build something. My dad's a very successful restaurant tour and he he had been doing. A bunch of stuff in nashville. And kind of the southeast. Broadly for you know. While i was in middle school high school all that stuff and he was always when i was up at at goldman he was always like a bug in my ear. Hey come back and you know. Help me out. Come join me join me. And so eventually I answered that call in and move back to national got involved with him in a in a company called fresh hospitality which is an investment business. Essentially that invests kind of across the food and restaurant world and scales various different restaurant brands. How big was the team when you joined basically me my dad My brother and one other gentleman whose name was nikola haggas is basically four of us at the time and There for yeah. Yeah and i mean there were there were other. I mean we were essentially almost like a small private equity or venture capital firm and so I mean the operating companies that we invested in obviously had a bigger sure employees based but really that was it at the beginning. And and since then we've built this whole kind of ecosystem and infrastructure of businesses. You've worked with a lot of businesses here locally many that. I've personally been a patron and i remember martin's barbecue when we went when they were a little like double wide trailer out. South nolansville autobody shop was yes barbecue around. And nobody knew who they were. Unless you live like right in that little community and now i mean if if you know martinsburg if you've been in nashville you know martin's barbecue i mean it's just it's the spot that you go if you're a nashville I'd love to hear that story. You know i mean you you you guys. Clearly were part of them you know becoming a big deal and kind of putting him on the map And i know you guys do that with countless other. You know restaurants But how do you. How do you find the martin's barbecue when they're just this little local story and nobody really knows who they are. I mean we're we're at a point. Now where and i think you see this in a lot of different businesses where you get inbound deal flow right and so i mean we. We met pat actually through a A point of sale reseller that we that we had a relationship with was selling terminals and that he's a hey. This guy's got a really cool thing. You should go check it out and so we went and we went and just had lunch. They're checked it out and got to know him and You know helped partner up from from day. One when they were back over that little auto body shop and You know our whole thesis for for how we invest in a company's specifically within the fresh Platform is we have this whole ecosystem that we've developed over the last decade or so of everything from technology to accounting to Real estate expertise marketing the whole the whole suite of services that sit around a business and we go in and we ate we provide them growth capital but we also provide them what we call our intellectual capital of all those different things to help them scale up and so you know we. We plugged that infrastructure in and really helped him. I identify a great site. And that was their store nolansville. That they moved to that was across the street. The kind of bigger flagship store and then started very strategically looking at. Hey what are some other great opportunities for this brand and and really one of the biggest strategic decisions we made up martin was we ultimately decided that we needed to have a presence downtown and to to truly be a competitive player in the in the nashville barbecue space and plant our flag so to speak. We we needed. We needed something downtown in. That's how we ended up ultimately finding the property at martin's we call it rutledge but the downtown martins barbecue and and that's we now we sort of we. We jokingly referred to it as the mothership because it's it's this behemoth compared to the other typical martin stores but it's been a really great opponent of that business.

Goldman Ramsey Network Daniel Tardy Fresh Technologies Tim Ferriss Matt Bonner Nashville Nikola Haggas Larry Page Martin Google South Nolansville Sergei Bloomberg Matt Andy PAT Rutledge
Gmail iOS App Has Out of Date Warning

Daily Tech News Show

00:21 sec | 2 weeks ago

Gmail iOS App Has Out of Date Warning

"Fifty percent of the year to ten point zero five billion dollars. Although ride hailing revenue did surpass. Its delivery business for the first time since the covid nineteen pandemic started over. Twenty twenty uber narrowed its net loss. Twenty percent of the year to six point seventy seven billion dollars. Some users reported that logging into the latest version of the g mail. Ios should've security warning from google that this

Google
Budget deficit totals record $735.7 billion through January

AP News Radio

00:39 sec | 3 weeks ago

Budget deficit totals record $735.7 billion through January

"Hi Mike Rossi a reporting the federal deficit hits a record totals through January with the pandemic induced recession cutting tax revenues and massive covert relief outlays the deficit for the U. S. government for the first four months of the budget year hit an all time high for the period the treasury department reported Wednesday a federal deficit of seven hundred thirty five point seven billion dollars since the budget year began on October first that's an eighty nine percent hike in the shortfall over the same period a year earlier the report shows spending through the first four months of the budget year hit one point nine two trillion dollars an increase of more than twenty two percent over the previous year Mike Crossey up Washington

Mike Rossi U. S. Government Treasury Department Mike Crossey Washington
Bezos and Bloomberg among top 50 US charity donors for 2020

AP News Radio

00:40 sec | 3 weeks ago

Bezos and Bloomberg among top 50 US charity donors for 2020

"The list of top charitable givers for twenty twenty is out Jeff base those who last week announced he was stepping down as Amazon CEO to devote more time to philanthropy in other projects top the list by donating ten billion dollars to launch the base those earth fund number two on the chronicle of philanthropy's annual rankings his ex wife mackenzie Scott she gave five point seven billion dollars last year to food banks human service organizations racial justice charities and other groups the third top giver was Michael Bloomberg founder of Bloomberg financial news company he donated one point six billion dollars I'm shortly after

Mackenzie Scott Jeff Amazon Bloomberg Financial News Michael Bloomberg
2.5 billion people in almost 130 countries lack access to COVID vaccine

UN News

01:00 min | 3 weeks ago

2.5 billion people in almost 130 countries lack access to COVID vaccine

"More than two and a half billion people in around one hundred and thirty countries have yet to receive a single dose of covid nineteen vaccine while health organization head tedros adhanom ghebreyesus said on tuesday in an appeal for funding to help poor countries test track and treat coronavirus patients the w. h. o. Director general warned that many were struggling to secure personal protective equipment. Oxygen and medicines to the longer the covid. Nineteen virus circulates the more it can mutate potentially making current tests treatments and vaccines less effective said tedros in comments to members of access to covid nineteen tools accelerator or act the. Who chief noted that more than ninety percent of countries rolling out vaccines wealthy ones and that seventy five percent of the one hundred and thirty million deploy doses have only been in ten countries. More than twenty. Seven billion dollars is needed to finance the act accelerator. This year. tedros said that the longer this gap goes on the harder it becomes to understand why given that this was a fraction of the trillions of dollars mobilized for stimulus packages in many of the g. twenty countries

Tedros Adhanom Ghebreyesus Tedros
Asleep At Lab: Whistleblower Allegations From Inside CA’s Billion-Dollar COVID-19 Lab

John and Ken on Demand

03:49 min | 3 weeks ago

Asleep At Lab: Whistleblower Allegations From Inside CA’s Billion-Dollar COVID-19 Lab

"Blower allegations from inside california's billion dollar covert lab. These are the labs where your test swabs or sent to be analyzed to see whether or not the subject has been infected with the corona virus. Let's play the report. This was a big investment opposed to revolutionize. Kobe testing in california. The state's new twenty five million dollar lab one point seven billion dollar contract with perkin elmer but after my family received repeated inconclusive test results from the lab. We started asking questions. Dr jean and covered a surprisingly high number of inconclusive test results out we weren't low. We did identify higher. Number than expected of tasks came back inconclusive. First health secretary galley blamed problems with chemical reaction. Then public health said they're highly sensitive test and tax lower levels of virus which they report as inconclusive. Whatever the reason the rate of inconclusive tests from the new state lab is seven and a half times higher than other covert labs in the state data reveals. One of every two hundred fifty. Six tests from other labs comes back inconclusive. Compared to one out of every thirty four tests from the state more than fifty thousand tests from state lab since november alone did not reveal at. The person actually got not should be shut down because they're jeopardizing people's life this whistleblower will call. Dadi is one of several. We spoke with who want the public to know. What's happening inside your state lab from unlicensed loud tax watching videos and literally sleeping while processing nasal swabs for testing. You have to watch it to emails reporting sample. Swabs were found in the restrooms. More than once. Why would someone take a human specimen swab out of the lab and into the back. I supervised but whistleblower say the sleeping and swabs are really just symptoms of systemic problems. For instance. they say many were extracting the crucial. Rna from the samples. The part of the virus. It's tested their fresh from colleagues. While some lab techs don't have to be licensed instead of licensed supervisors. Some shifts have unlicensed texts referred to as leads overseeing the other unlicensed tax people chaining them are also jason emails reveal management as supervisors to retrain team members months into the job citing several incidents where samples were lost when they don't have enough cheney. They don't know what they're doing is wrong and emails. Indicate staffer processing patient samples before completing required training modules or getting signed-off competency on their equipment. Due in part to a lack of supervisors on some shifts should laptops tax be processing human. Kobe samples if they don't have documented. Competency is federal up though door. Gatto governmental affairs from state laboratory association. Says there could be multiple reasons for the high number of inconclusive results. Coming out of this lab that indicates to me that there's other systemic problems as for sleeping on the job. These machines don't run by themselves. Regardless of how automated day are you should be at least a week but she clarifies well. Unlicensed unsupervised lab techs sleeping on. The job is certainly not best practice. That would not necessarily be illegal jeopardized people result dot. He's one of a growing number of people now. Quitting due to ethical concerns many afraid to come forward noting public health is a state regulator and watchdog of its own lab. We sent a state additional allegations this weekend and late tonight. They sent us an updated. Response saying quote. We are troubled by these allegations. And we'll investigate them immediately and thoroughly. If these claims are substantiated they would represent a clear violation of our existing agreement with Elmer and we would take swift action up to and including termination of the

Perkin Elmer Dr Jean Dadi Kobe California Galley State Laboratory Association Cheney Jason Elmer
"Lou Dobbs Tonight" has been canceled after a decade

NPR News Now

00:29 sec | 3 weeks ago

"Lou Dobbs Tonight" has been canceled after a decade

"Network has cancelled. Lou dobbs show. Npr's giles snyder reports. It was announced after dobbs was named in a two point. Seven billion dollar lawsuit against fox fox news says a telegraph to cancelation of lou dobbs tonight in october saying it's part of a routine reworking of the program schedule following the november election for the time being dob show is being replaced by fox. Business tonight lou dobbs tonight here for the final time. Friday night with a guest host dobbs tier word

Lou Dobbs Giles Snyder Fox Fox News Dobbs NPR FOX
Fox News Media cancels highly rated 'Lou Dobbs Tonight'

The Last Word with Lawrence O'Donnell

01:11 min | 3 weeks ago

Fox News Media cancels highly rated 'Lou Dobbs Tonight'

"Finally starting to see the consequences of lying for donald trump fox. Business has cancelled. Lou dobbs tonight. The show hosted by one of trump's most loyal media supporters in the weeks after trump lost the election. Lou dobbs repeatedly pedaled baseless and ridiculous theories of electoral fraud. Fox canceled the show. Just one day. After fox and lou dobbs became defendants at a defamation lawsuit seeking two point seven billion dollars in damages the lawsuit by the election technology companies. Smart matic also names as defendants to other trump favorite fox anchors. Maria barreda romo and janine pirro as well as trump lawyers rudy giuliani and sydney powell. Who lou dobbs had on as guests to lie about the election. The lawsuit argues that giuliani powell quote created a story about smart and fox news. Join giuliani and powell. In championing the disinformation campaign against smart matic. The lawsuit argues quote. The story of course did more than just make defendants money and smart maddox survival. The story undermine people's belief in democracy the story turned neighbor against neighbor. The story led a mob to attack the us

Lou Dobbs FOX Donald Trump Smart Matic Maria Barreda Romo Janine Pirro Sydney Powell Giuliani Powell Rudy Giuliani Giuliani Fox News Powell United States
General Motors sets goal of going largely electric by 2035

AP News Radio

00:39 sec | Last month

General Motors sets goal of going largely electric by 2035

"Hi Mike Rossi a reporting General Motors sets a goal of going mostly electric over the next fourteen years General Motors has set a goal of making the vast majority of its fleet electric by twenty thirty five at GM wants its entire company including operations to be carbon neutral by twenty forty GM had already announced it will invest twenty seven billion dollars in electric and autonomous vehicles over the next five years this month GM also announced a new partnership with Microsoft aimed at accelerating its rollout of electric self driving cars GM says by the end of twenty twenty five forty percent of its U. S. models will be battery electric vehicles hi Mike Rossi up

GM Mike Rossi Twenty Forty Microsoft
United Airlines tumbles after posting another big loss, warning about weak demand

Marketplace with Kai Ryssdal

01:02 min | Last month

United Airlines tumbles after posting another big loss, warning about weak demand

"United airlines has reported a fourth-quarter loss. Almost two billion dollars more than seven billion dollars in the red for the full year. You're looking for uncertainty in this economy. Airlines are pretty much the case study marketplace's into euler is on the aviation desk today. United said it expects total operating revenue in the first quarter of this year to be down. Sixty five to seventy percent from the same time two years ago which means the airline has to make a number of short term decisions right now to stay afloat industry consultant. Michael boyd says united's trying to be as nimble as it can but with airlines. That means they're moving the transfer of the titanic a little quicker than somebody else. He says the biggest challenge for the whole industry is to cut losses. Quickly the idea dave. We'll try something but if it doesn't work we get the hell out and try something different. Nobody really knows when demand for flights will return to what it was before the pandemic or if it ever will. Some are hopeful will return to two thousand nineteen levels later this year. Other say twenty twenty three or twenty. Twenty four is more

United Airlines Michael Boyd Airlines United Dave
Fiat Chrysler and PSA Group Merge With Eyes On the Future

Business Wars Daily

02:35 min | Last month

Fiat Chrysler and PSA Group Merge With Eyes On the Future

"And this business. Wars daily on this thursday january fourteenth. Here's a word you hear a lot in january reset you know out with the old in with a new new year new me okay. I'll stop it with a new year cliche now. But two automakers are taking the opportunity to reset to a new level fiat chrysler and the psa group will officially merge and become still lantis this weekend. It's a move years in the making and it's go well. I survive second catch up now. All carmakers suffered in twenty twenty new car. Sales declined factories were shuttered. An inventory stalled all thanks to covid nineteen but fiat chrysler soon to be one. Half of sta lantis suffered a lot. It's us sales. Were down seventeen percent compared to twenty nineteen and when other automakers saw slight gains in their fourth quarters as the year ended fiat. Chrysler saw more read so beyond brushing off a disappointing year. The newly minted sta lantis has its work cut out for it as it contends with the likes of similarly sized general motors fiat chrysler and psa may eight million vehicles a year combined that gives it a slight edge on gm which sold about seven point seven million cars in two thousand nineteen but gm has something to lantis doesn't significant presence in china while gm sold more than three million cars in china in two thousand nineteen fiat chrysler in psa sold only about a quarter of a million combined. That gap isn't sitting well with psa chief executive carlos taveras who became ceo to lantis. He's made it clear that year in up for the chinese market is one of still antennas. Top priorities device explained. No global car company can afford not to be in the largest car market in the world. And there's another slice of the market that may prove crucial forced to lantis electric vehicles. Fiat chrysler did announce pre merger that they were making an electric pickup truck last year but it was a bit late to the party. Gm ford and of course tesla were already at work on similar models whilst atlantis sets its priorities. Gm says it plans to spend twenty seven billion dollars over the next five years to make electric cars and trucks still. Antennas hasn't

Chrysler Lantis PSA Fiat Carlos Taveras China United States GM Tesla Ford
Elon Musk is now the richest person in the world, passing Jeff Bezos

Ace and TJ

01:08 min | Last month

Elon Musk is now the richest person in the world, passing Jeff Bezos

"Elon. Musk became the world's richest person yesterday. he started off. Twenty twenty one with twenty seven billion dollars which is a lot of money but obviously jeff bezos became the world's richest man history back in two thousand eighteen so elon. Musk starts the year seven days ago. Twenty seven billion tesla's stock sores. Yesterday he he becomes worth one hundred. Eighty five billion. In seven days six days he went from twenty seven billion to one hundred and eighty five billion. What does that owns a whole lot. More because because his wealth is directly tied to tesla. Stop no it's sort for for whatever reason now. He just found himself a lot more money. So what does that mean. does that mean that. He's gonna sell his stock and make it. I don't know how it works. So he's worth that much money. Yeah would he can't just put his hands on that much right he no. He would have to sell his stock and he's not gonna do that. So means nothing. I don't know if it means nothing because it'll fall probably will. It probably will but that's pretty impressive. One hundred eighty five billion

Elon Musk Jeff Bezos Tesla
How Quibi crashed and burned so quickly

The 3:59

04:03 min | 2 months ago

How Quibi crashed and burned so quickly

"So equity was always the odd duck all the new streaming services that immersive last year for just for listeners who don't stand top of the streaming rewards just give quick description of what could be is and what's happened to it. Quimby was a mobile initially mobile only than kind of transition to be mobile centric streaming video service. That made cereal like tv. In very short episodes everything was like ten minutes or last and it was very very expensive programming. They made big budget programming with really big stars. So it's pitch was that it was kind of like a curated. Youtube only with like the biggest and brightest of hollywood involved. The problem is they launched the service that was designed to be watched. Moberly on the go in those like brief much of your day where you have a spare ten minutes to watch something getting coffee. Waiting for us. Launched it at the beginning of all the lockdowns keeping people trapped in their homes so they had a mobile on the ghost service launching when nobody was mobile or on the go. That's one of the problems with but there's underlying consideration that. The premise of the service given that people already have youtube and they can watch other things on the go to netflix on the go on their mobile phones that the premise of this being a service at all was flawed from the beginning. So what's happened. At least as far as we know right now is that would be instead of trying to survive after six months is going to just shut down. We don't know exactly win but at some point the service is going to go dark and this programming is going to. I don't exactly know what's going to happen. So all this stuff that they made. Yeah i wanna get into that but it just. It's interesting just sort of looking at the background of their the foundation that this company was built on one point. Seven billion dollars in funding of meg. Whitman from hewlett packard. Lots of a-list talent But medina think looking back at this now it was was the model just fundamentally or was it just a matter. Bedtime may and launching in the middle of a pandemic. i remember maybe even before they had a name. I believe they katzenberg jeffrey katzenberg. The hollywood Whitman as you mentioned the ceo of the service they went to south by and they had this whole presentation. And i remember coming out of this presentation being like these people have no idea what they're getting into you know. They had really really ambitious goals. They talked a really big game but they're getting into something. That is really hard to break into going up against something like youtube. Which has two billion people watching it every month. So that's one way to kind of put in perspective whether or not the pandemic was the real. You know silver bullet that killed qube but also mentioned that i did. I did a poll on twitter. Asking people this exact question because they make whitman. Jeffrey kassenberg worth open letter. The apologized for disappointing. Their investors their workers their talent and they said in there. You know it we may never know what was the problem here was timing or was this a bad idea to begin with and so i had a poll on twitter quoting that portion of the letter and saying well which was it could be equals a bad idea or timing and i think eighty six percent of people could be was just a bad idea to begin with so

Youtube Quimby Moberly Hollywood Whitman Katzenberg Jeffrey Katzenberg Netflix Hewlett Packard Medina Jeffrey Kassenberg Twitter
FTC sues to break up Facebook, sell off assets like Instagram and WhatsApp

Daily Tech News Show

08:11 min | 3 months ago

FTC sues to break up Facebook, sell off assets like Instagram and WhatsApp

"Let's talk a little more about this. Big lawsuits got all right. The us federal trade commission filed a lawsuit on wednesday allegedly that facebook illegally maintains quote. It's personal social networking monopoly though Excuse me through a years long course of competitive conduct. That's a direct quote. Evidence was gathered in cooperation with the attorneys general of forty six states. The district of columbia and guam specifically called out as anticompetitive practices or as those practices are the acquisition of instagram and whatsapp an api restrictions on software developers Ftc is asking the court to order facebook to sell off. What's app and instagram. Cheese prohibit anti-competitive conditions envelope burs and require notice and prior approval of future mergers and acquisitions similar lawsuit was filed by new york attorney. General lati- let Excuse me latifah james. I believe i said joined by the same states and territories. That is a hardcore lawsuit. Tom merritt gigantic. Yes it is i. Let's just say up front. The chances of them actually getting a court even if this went all the way to the supreme court to agree to make facebook divest itself of instagram. And what's up very low not impossible but it's low so you know. Don't don't get too excited if you if you want instagram and whatsapp to be spun out. It's doubtful that will happen What they'll probably is some kind of reparations. Kind of fine. Maybe a change in business practices. I imagine they could have a good chance of getting facebook to have to agree to the notice and approval of future mergers and acquisitions. That part does seem likely but it will be interesting to follow this case and see where it goes because it was. It's a long shot to get this and so a lot of people weren't sure if the ftc would even bring this kind of charge that they might go after a smaller remedy but they're basically accusing facebook of buying instagram to neutralize a direct threat in instagram and make it more difficult for other social networks to compete. Kind of the same thing with what's up. They they wanted to neutralize. Whatsapp is a threat to facebook and make it harder for other messaging apps to get in there that was gonna be real hard to to prove though because we have a lot of competitive messaging apps out there so it doesn't seem like they've really suppressed the the market for that and then the the i think where i think you have the most fertile ground to get a court to agree which is the restrictions they put on third party developers on on what they can and can't do not only on facebook but if they use the api for example. The ftc uses this in their press. Release in two thousand thirteen twitter launched vine which let users shooting share short video segments and in response facebook shutdown the api that would have allowed vine to access friends through facebook. That is an anticompetitive practice whether they're abusing their monopoly to do it or not. We'll be the question. The court will decide the big story and the kind of happen mid day today. We were all sort of scrambling around like okay. This this is actually a big story. You know a lot of people are like this is a really big deal because look the. Us is going to dismantle facebook. Instagram and whatsapp arguably being. You know the you know the the prized possessions facebook. Besides its own news feed itself and like you said tom. It's highly unlikely that that's going to happen. Is going to be tied up in court for another few years probably But does it set a standard for how facebook and any company that would dare to get his anywhere as big as facebook in the future to not be able to gobble up. you know. i don't know. What did they pay one billion for instagram back in the day when thirteen people working at instagram. Kind of thing because instagram was big and facebook has a history of replicating kinda cool trendy stuff that that works. I mean look at real on instagram right. Now it's tiktok competitors you know it's all it's all kind of the same thing just to see what sticks and has had a oftentimes not a lot of success. Buying the company works for facebook a lot better than trying to replicate some sort of cool feature that then people have to learn to use now. You could argue. That is why the big weather big targets on this because what's app and instagram are notably gigantic runaway successes than. They were already heading that way when they were acquired. And you could also argue that. Got him at a bargain basement price. But maybe that's why they're being targeted decide with facebook. And i'm not really doing that. But for devil. Devil's advocate reasons. I would say yeah. This is a huge target. They have billions of users on their main service and then these secondary products are huge for them and they would be standalone gigantic companies on their own. That we would talk about individually if there weren't already owned by them so it makes sense that they're the target but the idea of buying up your competition to limit their impact on your business and grow it out. Separately isn't new and they're not the only ones doing this but maybe they're doing it. The most successfully and the question isn't just as a monopoly. It's not enough to save face because of anomaly you have to say it is a monopoly and it abused its position as a monopoly to reduce competition. Sometimes of an -opoly is perfectly legal. It's not illegal in the united states and most countries to be a monopoly. It's usually illegal to cause harm because you are a monopoly. And that's where. I think they're gonna have a problem showing harm yes. There isn't another few. No flicker is not doing well. And when they bought instagram that sort of dominated the image market. But to your point. Sarah the reason they keep adding stories and then reels is instagram is trying to fend off competition from snapchat and tick tick tock so there is competition. There is competition pushing instagram to change. And i think facebook can demonstrate that. Yeah maybe maybe zuckerberg said something unwise in an email once but there is competition out there. Same what's up there's telegram and signal and we chat and and how many other messaging services out there so i think it's hard to show that they are reducing competition in the marketplaces for those two. That's why i'm less bullish on the idea of them winning over a court to make them get rid of them on the other hand the developers stuff like they essentially killed vine. And i think they're they might have a better chance of getting facebook on that one do you do you think the Slack is worth twenty. Seven instagram's just to put it in numbers slack. Yes this lack. Twenty seven billion dollars as opposed to a billion. That's what i'm saying. Everything's billions and billions of dollars now. Yeah five star wars. Anyway i would love for there to be some sort of okay. Let's say we go forward and maybe facebook is find which is likely And is it sort of said going forward. He can't just gobble up companies that That you deem as a future competitor mall and then make it your own and then you reap the reward. So what what do we get to is if you have this x. amount of users you can't buy a company that has x. amount of users that is on the up and up or it has to be for not too much of a certain price so that the company doesn't willingly to you there so many factors in play i i i do wonder how this goes. There are laws. These laws will be tested in court. Now which is you can't buy a thing when the only reason you're buying it is to put the competitor out of business. It you there has to be a valid business reason for buying it and i think facebook can show that i you know. I look back at the microsoft case where they wanted to break up microsoft. They never broke up microsoft. They just put in some remedies. And i think yeah. That's courts are very reluctant to break up a company. You have to really show that it caused harm. And i just don't see it there

Facebook Instagram Us Federal Trade Commission Whatsapp General Lati Latifah James Tom Merritt FTC Guam Columbia Supreme Court New York Twitter United States TOM Devil Zuckerberg Sarah
Salesforce to buy Slack in deal worth $27.7 billion

Monocle 24: The Globalist

01:39 min | 3 months ago

Salesforce to buy Slack in deal worth $27.7 billion

"Oh well here Her is all is well. Where you are and all is well. If you work for you manage salesforce or indeed slack. Yes indeed is not a time when you expect to hear about mega-deals but that's what we are hearing sales force. The business software company is buying slack. The business messaging software for twenty seven billion dollars. Now if you're not familiar with slack it's not just a tool for remote working but one whose use will have surged sophistications text messaging for business because like a text messages. Conversation stays in one place. Whenever you're having a conversation with a person or you can have a conversation with a group people about a particular subject imus designed to avoid you having an endless slew of messy email chains in your inbox. We can't find in formation. You want something you've talked about with somebody in the past. It's a good fit for salesforce. Because obviously they're already specialists in business. Software facts the company's chairman and chief executive orders a match made in heaven on what was interesting about it is slack although its use has surged during the pandemic people working from home as a company as a standalone company wasn't seen as actually being able to capitalize on that because unlike other services such as microsoft teams it does the same thing but it also tried to lure people into the microsoft ecosystem and sell them of things. Salesforce wasn't selling people over things for now under the ownership of salesforce will be able to do so not so sales going

Salesforce Microsoft
Black Friday 2020 Sales Reports

MarketFoolery

07:28 min | 3 months ago

Black Friday 2020 Sales Reports

"In store sales on black friday where fifty two percent lower than a year ago. That should not surprise anyone online. Sales were up big also not surprise. This actually did surprise me a little bit. Though jason online sales on friday in the united states made it the second biggest day ever for online sales cyber monday last year is the biggest all time black friday this year second-placed that might get bumped down to third place after this year cyber monday. But what did you think of the reports of black friday. Yeah i mean. I think you hit on something there in to today cyber monday. I think you're right. No surprise almond spending on black. Friday grew twenty one point six percent. That was a new record. It was around nine billion dollars worth of purchases that were recorded in the forecast for today for cyber monday this year. It's slated it's it's it's slated to become the largest digital sales day ever spending is forecast to reach somewhere between ten point. Eight billion in twelve point seven billion dollars that would represent growth of fifteen to thirty five percent from last year. You no surprise really there. I think to me what really stood out and again not surprising but still stood out. Because it's just pretty darn impressive was shop by shop by his stock obviously a lot of our listeners. A lot of our members and subscribers are all very familiar with in. It's been a good year for shoplifting. Is stock up around one hundred and seventy five percent. The numbers that day chalked up for black friday really impressive two point. Four billion dollars in black friday sales that was about seventy five percent growth from last year so clearly the investments. They've been making in business all along the way or paying off. And i think the thing the thing there is because we can sit there and criticize shop five for example oh it's overvalued or you know it doesn't make a lot of sense because the business doesn't make that much money yet that that may be true but these are the type of these types of numbers that will i think afford some time i think as long as they continue to record these types of numbers the market is going to continue giving it Some wiggle room there. We've seen it with amazon. We've seen it certainly with wayfair. I think i don't think it'll be different but there were some interesting numbers. There within shop of is report that i think are just worth noting average black friday cart price. Globally was just under ninety one dollars. That was up eleven percent from a year ago so people spent a little bit more in need thing here in this mobile world. We always talk about how mobile is really leading. Four mobile sales on black friday this year. If you look at the breakdown between mobile sales and desktop it was sixty seven percent mobile versus thirty three percent desktop in last year that was sixty nine percent mobile and thirty one percent desktop so the differences is marginal but it seems worse shopping on desktop this year for obvious reasons and so the data i think but yeah it all goes back towards this digital economy that we're witnessing in it. It's it's seems like it has a lot of traction. I don't know that we're necessarily going to be going back anytime soon. I'm glad you mentioned shop five because we have talked a lot about the big retailers like walmart and target in particular the investments that they have made this year for curbside pickup for delivery all of that but worth as you said pointing out the investments shop by his made and this is a stock that i do not own i. I understand both sides of it. It is definitely on my watch. List having pulled the trigger yet. But but i understand the concerns. I understand the around valuation the lack of profitability. And maybe that's why we've seen the rise that we've seen for target and walmart this year because those are just fundamentally. I think a little easier for people to wrap their heads around. But as you said. I mean what what is the future going to be. Is it going. is it going to be well. Wants to all this is behind us. We're just to start going back to the mall now. I don't think so it's going to be more online shopping and to your point more mobile shopping. I think you are. I think you're right there. I just continued to be impressed with wayfair for example the mobile mobile numbers that they continue to record are really impressive. And that's that's furniture. Man i mean like people are shopping for furniture on their phones in regard to shop applied. I think when you when you look at the future. I don't think it's going to be one or the other. I think we've talked about this before really when we talk about target and walmart i mean it really is becoming about omni channel right. It's just meeting. The consumer wherever the consumer wants to be met in the more that companies the more that retailers are able to do this They're going to be able to take advantage of the digital economy. They're going to be able to take advantage of people wanting to actually physically go to stores In so i. I think the future is going to be a little bit of both but certainly shop. A fi is keying in on their specialty. In and i think more growth is going to be coming in. Obviously bad digital space shop is is absolutely one of the companies dictating the development of that space so even even next year. When i think it's probably safe to assume that that we get a little bit more back to normal in and the the the in person shopping experiences a little bit less risky. We'll see people wanting to get out. We'll see people wanting to go to stores and have fun with that experience But but that that. I don't think it's going to really Deter people from shopping online. I mean hopefully. I think ultimately what i'd love to see just this whole black friday cyber monday thing. I really like the fact that we're stretching and just this whole month so it's not really about fewer sales. It's just about timing right. We're just stretching over the course of a month as opposed to really isolating on on individual days. I liked to see that. Continue to wear these concepts. These retailers are not just leveraged to a couple of particular days toward the end of the year. Just real quick before we move onto our next story on that point. Are you seeing this in your own personal life. Because i have in. The last week noticed that the promotional emails i get from different retailers are basically saying. Hey our black. Friday sale is gonna last for the next ten days. It's like the subject line in the email is black friday sale. And then you look. It's like oh this is actually going through december ninth. Yeah i feel like. I've seen a lot of that just anecdotally. I do feel like. I've seen a lot more of that. I think that's that's the right thing to do again. It's just it's a bit of a different time but hopefully as we've seen throughout this whole year this year has been an accelerator for change and a lot of good ways. And maybe this'll be one more thing one more change that will witness over the course of the coming years in the i think ultimately they'll be a

Walmart Target Almond Jason Omni Channel United States Amazon
Bill Gates looks back at ‘The Road Ahead’ after 25 years and some hit-and-miss tech predictions

Techmeme Ride Home

02:38 min | 3 months ago

Bill Gates looks back at ‘The Road Ahead’ after 25 years and some hit-and-miss tech predictions

"Is sometimes cop to the criticism that on this show. We tend to focus on the horse race between the big tech companies. Who's up who's down. Who like roadblocks might be a godzilla of the future and who like maybe intel seems to be sliding towards being an irrelevant dinosaur of the past. The way i like to think about it is that we're covering the evolution and creative destruction of capitalism in real time keeping score of who's the richest person in the world is probably less relevant to that task but only obliquely so for what it's worth. It's worth noting that elon. Musk has overtaken bill gates to become the world's second richest person behind. jeff bezos. Quoting the verge. The tesla ceo net worth now sits at around one hundred twenty eight billion dollars after increasing by one hundred billion dollars this year alone. There is a sizable gap between. Musk and the number one spot which is currently held by amazon ceo. Jeff bezos who has reported net worth of around one hundred and eighty two billion dollars in january. Musk ranked thirty fifth on the list. Bloomberg reports musk's rapid ascent up. The list has mainly been driven by tesla share price. The car company currently has a market cap of almost five hundred billion dollars after starting the year at under one hundred billion dollars. The guardian reports that tesla has the highest market cap of any car company in the world despite producing a fraction of the cars of more established automakers. This year it expects lose. Five hundred thousand cars compared to around ten million for a company like toyota around three quarters of musk's net worth consists of tesla shares according to bloomberg but musk's other major venture space x has also seen recent success last week the company transported for astronauts to the international space station aboard. It's crew dragon spacecraft that follows the company's first crewed flight to space in may of this year bill gates sat atop the billionaires index for years until he was overtaken by jeff bezos in two thousand seventeen bloomberg notes. That gates would probably have a higher net wealth right now if he hadn't given so much money to charity including the over twenty seven billion dollars. He's donated through the bill and melinda gates foundation since two thousand six gates. Moscow have had some high profile disagreements this year in september. Musk said gateshead quote no clue about the viability of electric trucks after the microsoft co-founder said that electric semi trucks along with electric cargo ships and passenger jets will probably never be practical earlier. This year gates told cnbc that musk should avoid making big predictions about areas. He's not familiar. After the tesla's ceo downplayed the risk of the covid nineteen pandemic. Musk overtook facebook. Ceo mark zuckerberg last week when he became the third richest person on. The billionaires index zuckerberg has since fallen to fifth in the rankings. After he was overtaken by french businessman bernard arnault and quote

Tesla Jeff Bezos Musk Bill Gates Elon Intel Bloomberg Bill And Melinda Gates Foundat The Guardian Amazon Toyota
"seven billion dollar" Discussed on KCRW

KCRW

01:48 min | 1 year ago

"seven billion dollar" Discussed on KCRW

"One point seven billion dollar plan to rebuild the outdated men's central jail supporters of the move say the jail doesn't need the county's growing need for mental health services is KCRW's Kaylee wells reports the debate came to a head at a board of supervisors meeting yesterday dozens of protesters rallied outside county headquarters and held signs that read cancel McCarthy contract they're talking about the one point seven billion dollar contract with McCarthy building companies they say the men's central jail is antiquated and there's not enough focus on rehabilitating inmates there if the word a supervisor sides with them that could mean a new facility centered around mental health it's the latest in a long string of votes in projects in plans about jail reform last year the supervisors agreed to destroy the jail entirely but then they changed their tune last February and voted to keep the building contractor but shift management of the facility from the sheriff's department to the department of mental health activists called it a jail just disguised as a treatment facility but now it looks like it could change for good internal county reports say the current contract with the building company doesn't meet the county's need for revise mental health system and activists have threatened litigation because of how the contract has been handled up until now some of the supervisors have hinted that they support canceling the contract they will decide on its future and the future of the men's central jail next week for KCRW I'm Kaylee wells governor Gavin Newsom is promoting new investment in the early childhood education Newsome included a higher budget for childcare and early education among his campaign promises last year the state is setting aside an unprecedented two point three billion dollars for that during a visit to LA yesterday new some say California is making up for lost time we have a lot of work.

KCRW Kaylee wells Gavin Newsom Newsome LA California McCarthy supervisor seven billion dollar three billion dollars
"seven billion dollar" Discussed on NewsRadio KFBK

NewsRadio KFBK

03:23 min | 1 year ago

"seven billion dollar" Discussed on NewsRadio KFBK

"Sponsored by audi rockland there are this morning mexico now has some fifteen thousand troops deployed to its northern border with the united states mexican defense officials say they're using the country's army and national guard to detain migrants who are preparing to cross into the u._s. following criticism from comedian jon stewart senate majority leader mitch mcconnell is meeting today with first responders from september eleventh steward at criticized congress for allowing these seven billion dollar victims compensation fund to be depleted and benefits to the first responders to be cut and we're joined now a._b._c.'s aaron katersky to talk about the meeting and what might happen here erin i just i can't get over what i saw from john stewart even today i mean that was some of the most remarkable television that i've seen in some time coming out of washington d._c. it was really remarkable when he noted how he was sitting in a room filled with first responders from nine eleven talking as you put it to no one because the mini room was nearly empty and when the senate majority leader mitch mcconnell is asked about it he said well you know the senators and congressmen of of a lot of things to do and john stewart then went on the late show with stephen colbert and said oh you're busy and he noted the insufficient response from from congress as he sees it when it comes to funding nine eleven responders the victim's compensation fund will close soon to have a deadline but the money has not been sufficient and claims going to have to be reduced or congress doesn't act jon stewart no matter what you think of his politics he has erin long been at the backs of had has given support to these nine eleven responders i mean this is not his first rodeo here right one of the activists that he travels with john field who's going to meet with with mitch mcconnell today told me he's making what will be his two hundred seventy visit to washington the last fifteen years to lobby for money and he said look the senate majority of the urgency here because these first responders are getting sit there dying and they're leaving their families and financial ruin is there any indication of what might happen is a result of this i mean you have the star power of john stewart getting this getting national attention for this story now how does how does congress respond to you suppose you know it it's a great question because every politician when it's politically convenient is behind nine eleven responders cops and firefighters get a lot of praise and call out and attention but they're saying now money where your mouth is because they need more money for this victims compensation fund to cover the cost of the increasing severity of the realises and all of these illnesses have been in firmed by doctors to have a link to their time on the pile as that smoldering debris was called back in the immediate aftermath of nine eleven aaron thank you very much the update a._b._c.'s aaron katersky now with more on the meeting mitch mcconnell will have with the september eleventh survivors today let's get out to the roads right now and check in with brian noble to see what's going on in the traffic.

mexico audi seven billion dollar fifteen years
"seven billion dollar" Discussed on KYW Newsradio 1060

KYW Newsradio 1060

04:24 min | 2 years ago

"seven billion dollar" Discussed on KYW Newsradio 1060

"Seven billion dollar deficit the story from Camden and KYW's David Madden. The district confirms. They're looking at closing the cream in Veterans Memorial schools with acting superintendent Caitlyn McComb saying the moves are essential to our long term sustainability. Even though the cuts won't be enough to solve enrollment and facilities issues. Pastor Amir Khan one of those who met with the combs express, the concerns of many that the moves are more about funneling kids into privately run charter and renaissance schools, and they won't stand for it. We demand a freeze on all in any school closures and staff layoffs. Put a demand on a federal investigation on the spending of cannon resident tax dollars with the Camden city school district. They also on state probe of what they call collusion between the. In the district three day March. From Camden to Trenton is set for next week to take those demands to state education officials, Camden, David Madden, KYW NewsRadio. Once again the ball is in the Pennsylvania state senates court after legislation intended to give victims of child sexual abuse a new opportunity to seek Justice as again cleared the house this time ball makers are taking different approaches we hear from our Harrisburg bureau chief Tony Romeo for years child sex abuse victims or sought to change that would retroactively allow for lawsuits to be filed by victims for whom the statute of limitations as expired, they've tried to do it by changing the law only to be thwarted by the state Senate over concerns that it would wanna foul of the state constitution. Now just days after clearing the judiciary committee, the full state houses, overwhelmingly passed incentives Senate legislation that would open a two year window retroactively for lawsuits through the lengthier process of amending the state cuts the toossion just before the house vote democrat, Mark Rasi longtime champion of the issue. The change strategy history will repeat itself and nothing will get done for past victims unless we deal with this head on Rasi says the legislation as result of bipartisan talks with house and Senate leadership spokeswoman says only that Senate majority leadership looks forward to reviewing the legislation received from the house in Harrisburg, Tony Romeo. KYW newsradio. Pelisson Devon, Chester county investigating after a baby was found unresponsive at BAFTA, but house on Kosta road aromatics were able to revive the baby and transport him to the hospital. Details of exactly what happened or still unclear. Authorities are looking for a warrant then search the home. Well, a potential class action lawsuit has been filed against Boeing on behalf of stockholders all that following crashes that left three hundred and forty six people dead. The lawsuit claims that after the lion aircrash and before the plane went down bowing was still insisting it made say. Airplanes. But Seattle attorney Catherine says but wing failed to disclose how much influence the company had in certifying, the new seven thirty seven max, including the planes, new anti stall device. That's now suspected in both deadly crashes, nor did the company admit that it sold some safety features as extras material information that an investor would want to know billing stocks shit about thirteen percent of its value in the weeks after that second deadly plane crash Heather Bosh for CBS news, Seattle some politics this morning. The president spoke about what customs and border protection officials are calling a crisis at the southern border. He was in San Antonio attending a private fundraiser in corresponding Clayton Neville, the president held an impromptu press conference with reporters the president said he didn't plan to meet with reporters but felt he needed to after hearing stories from Texans who live near the US Mexico border. I said to the people could you tell the press because this is a thing that's been going on for years. One longtime Texas landowner telling the president the people crossing the border are different than they used to be. They're not good guys different deals in years ago. You put up some big CASA CASA get the league, you know, they've been there at the president said he was taken aback by the stories and that he would have to call up more military. I'm Clayton Neville and more on the border. The president explain how one of his orders will improve the building of projects along the nation's borders. I order was speed up the process for proving vital infrastructure on our nation's border such as oil pipelines roads, and railways it will now take no more than sixty.

president Camden city school district Senate Camden Clayton Neville David Madden Tony Romeo Mark Rasi Harrisburg Seattle Caitlyn McComb Veterans Memorial CASA CASA Pastor Amir Khan superintendent Boeing combs judiciary committee
"seven billion dollar" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

02:05 min | 2 years ago

"seven billion dollar" Discussed on Marketplace with Kai Ryssdal

"In the one point seven billion dollar collapse of centrist, Bank, a thousand SNL prosecutions all the federal agencies combined in the great financial crisis. The two thousand eight financial crisis made fewer than a dozen criminal referrals. Let me say that again a thousand prosecutions during the savings and loan scandal less than a dozen criminal referrals during the financial crisis between the S and L scandal and our crisis in two thousand eight there is one more thing. One more bit of history that we need to give you so you can understand why nobody going to jail for the financial crisis in the great recession was so unusual. Good evening. The stunning collapse of Enron Enron was the financial crisis before the financial crisis a scandal that in two thousand one corporate governance and accounting fraud once again in the headlines, the giant energy trading company that went quickly from being a darling of Wall Street and a major player in American politics to the subject of a federal criminal investigation and runs bread and butter was building power plants and natural gas pipelines. It became much better known though and much richer because of its creativity it wound up doing everything trading, broadband, commodities and data management. It was named America's most into. Native company by fortune magazine. Six years in a row, but it was all sham accusation against Enron is its use of shady partnerships to high debt ashamed. Powered by creative accounting, the top company. Executives said, I am incredibly nervous that we will implode in a wave of accounting scandals and it did in December two thousand one after sending most of its Houston workers home shortly after noon today, Enron says it'll notify them whether or not the ever have to come back after filing for the largest US. Bankruptcy case in history yesterday twenty thousand jobs in two billion dollars in employee retirement funds just disappeared on Wall Street today. The new York Stock Exchange suspended trading in Enron stock and said, the company securities were no longer suitable for trading..

Enron US SNL fortune magazine Bank Houston York Stock Exchange America fraud seven billion dollar two billion dollars Six years
"seven billion dollar" Discussed on KNST AM 790

KNST AM 790

01:42 min | 2 years ago

"seven billion dollar" Discussed on KNST AM 790

"January twenty third to government shutdown is going to hurt the wider economy. CBS news January twenty first shutdowns damaged economy could exceed five point seven billion dollar cost of Trump's border wall. Barons January sixteenth how the government shutdown will hurt the economy. Vanity fair. Well, known economics journal January sixteenth the White House. Just realized the shutdown is hurting the economy Washington Post, January fifteen to shutdown threatens the promise of government jobs and a way of life. PMS NBC January fifteenth White House now expects the shutdown to hurt the economy, even more fortune magazine. January eleventh long term shutdown will hurt the economy USA today. January second government shutdown how it could hurt the economy. So you see virtually everywhere included at Fox News. The pessimism was out of control. It was running rampant. The government shutdown the government shutdown of eight wait a minute. Four hundred three hundred eighty thousand furloughed workers did not get to paychecks. This was going to bring the US economy to a standstill. It was all over the place. The degree of ignorance on economics. The lack of understanding on the part of people who are supposed to know Morgan the rest of.

government White House USA CBS Trump Washington Post Fox News fortune magazine Morgan seven billion dollar
"seven billion dollar" Discussed on NewsRadio KFBK

NewsRadio KFBK

01:39 min | 2 years ago

"seven billion dollar" Discussed on NewsRadio KFBK

"CBS news January twenty first shutdowns damaged economy could exceed five point seven billion dollar cost of Trump's border wall. Barons, January sixteenth how the government. Shutdown will hurt the economy. Vanity fair. Well, known economics journal January sixteenth the White House. Just realize the shutdown is hurting the economy Washington Post, January fifteen to shutdown threatens the promise of government jobs and a way of life. PMS NBC January fifteenth White House now expects the shutdown to hurt the economy, even more fortune magazine. January eleventh long term shutdown will hurt the economy USA today. January second government shutdown how it could hurt the economy. So you see virtually everywhere included at Fox News. The pessimism was out of control. It was running rampant. The government shutdown the government shutdown of eight wait a minute. Four hundred thousand three hundred eighty thousand furloughed workers did not get to paychecks. This was going to bring the US economy to a standstill. It was all over the place. The degree of ignorance on economics. The lack of understanding on the part of people who are supposed to know more than the rest of us. Striking..

White House USA CBS Trump Washington Post Fox News fortune magazine seven billion dollar
"seven billion dollar" Discussed on The 45th

The 45th

04:34 min | 2 years ago

"seven billion dollar" Discussed on The 45th

"Exchange for full funding of five point seven billion dollar border wall. I mean, that's a non starter for somebody who's not even an expert on this. You're offering you won't full funding in exchange for temporary legal protection. Yeah. By the way, this whole was developed by Pence and Custer without talking Democrats. It was not negotiation. It's not compromise proposal up slowly by Pinson Costner day. No, they have to know that this proposals. Knock accepted to me. Just a it's right. Exactly. This is PR move to show because all the keep doing saying while it's on Pelosi now. Right. I mean like that she owns a shutdown. We keep making these offers. Worse you happen. I think it was a little yesterday and Sunday about what the Bill proposing actually includes it's horrendous the waste of the way he's proposing. It was in the way the headlines reflected as was like some kind of actual DACA protection scheme for three years. Here's the thing. Scream court ain't here in Dhaka that Trump himself. They're not killed Trump made this hostages in the first place and since there's junction and since imports not gonna hear it. It'll be year and a half before like, it's resolved. Anyway, which means already in effect protection for a year and a half. So really all as additional year and a half which gets voted out of office is only really a half year that he's for. So it's not actually substantively meaningful offer that way the TPS extensions. Don't apply to say African countries gone, right? He's given them back for some of them temporarily, but not I certain countries in Africa. And then there are the asylum rules. That were truly shocking. I what did I miss that? What I saw the headline, and I didn't get a chance to read it. Sorry. You can do. I don't know the ins and outs of it. But basically, he's like affectively some a child and Honduras cannot seek asylum by coming to America. Okay. I did read that basically what he's saying is this. So they it's really kind of devious on what they have said the way they're devising. This is that they would take away the ability for a child who's an unaccompanied minor to apply for Silom, and what adds to that. Is the fact that they are going to continue the family separation policy, then call that child and unaccompanied minor and then say because unaccompanied minor you cannot apply for asylum. I also saw and I think this is the same thing you're talking about is where he said that he would seek criminal charges against the parents and guardians of children and turned the children into unaccompanied minors. Right. Exactly. So I did see that that cannot serve it. Just it's. Unless there is like an actual legislative change in the law. Like he can't take away that well except that. Yeah. I mean, they they can't take it away. They know it's not gonna be accepted. That's not the point point is to try and shift blame to the Democrats are saying we had an answer we came to the table and the Democrats world, that's the whole point here. And they chose something that you would not be accepted. In the meantime, you've got all these people held hostage by this negotiation tomorrow Thursday, the Senate does have I think I don't know if the house does too, but I know there's a couple of measures being brought to the floor to end the shutdown. What I don't understand is this. Why does the GOP's leadership see the danger to them in all of this like to their own position to their careers because there's more they're abandoning Trump? Is there really? Well, that's so there is but we'll see a chance tomorrow small small chance. There's two votes in the Senate tomorrow. I it's going to be this whole like customer pens proposal thanking in. Then after that, there's another Bill they're both expect to get voted down. But theoretically, it's possible like say, the Kushner, pens, laying down then the version that was previously acceptable Republicans, maybe factors. They're like enough of this. We're on board. It's unlikely the numbers probably aren't there. But it's some of the watch out for all, right? Something else. I wanted to talk about which I thought was the head of a major, and you know, what? And this is why GOP leadership is like basically completely the reason they have given a complete passes guy is because I mean, the supreme court is no stocked in their favor for who knows..

Trump Senate Pelosi Pinson Costner GOP Pence Dhaka Kushner Honduras Custer Africa America seven billion dollar three years
"seven billion dollar" Discussed on Here & Now

Here & Now

04:00 min | 2 years ago

"seven billion dollar" Discussed on Here & Now

"You are I'm Jeremy Hobson rather young. It's here in now. And it's day thirty three of the partial government shutdown and federal workers will get a second PayLess paycheck this Friday. If nothing is done to end the impasse over President Trump's demand for five point seven billion dollar border wall and the Democrats demand for border security. They say would work better. Let's bring in our political strategist Alice Stewart, Republican strategists, I Alice. LSU there. I am here. I hear you now. Okay. Bill press. Also with us democratic host the Bill press radio show in Washington high Bill. Hey, I'm here to okay, good. We haven't shut down the analyst today. Bill is a way out emerging were hearing today that House Democrats are willing to offer up substantial sums of more money for border security. Although it sounds like no wall. I hope away is out. I think it's unconscionable to require people to come to work and not get paid or to stay home, and and not get paid. And I think the way out is a way that the Senate voted for. And this is what I hope they end up doing this week this that the Senate vote before in late December and the house has voted for several times since which is reopened the government separate the two. The should not be connected reopened the government. And then negotiate debate talk about what we're going to do about border security. That's something that both Republicans and Democrats in the Senate have suggested, and I think they may be moving an not including President Trump palace. Not jeff. The president will not open the government in begin having these conversations because he doesn't trust that Nancy Pelosi and Chuck Schumer and Democrats will follow through on serious negotiations with regard to this wall. And look Democrats were in favor of a secure fence back in two thousand six there's no difference and a similar type of structure now that they had supported back. Then the only difference is that this is something that President Trump is pushing an advocating for in. The Allison is that really true. I I really want to get to the heart of this. And we are talking to people on the border and people expert in these issues and many of them are saying, that's really not the issue. There's an understanding that's grown that the wall does work in some places on the border, and it absolutely doesn't another's. And there were much better ways to do it, isn't that a legitimate argument? It absolutely is. And and your your spot. Not on with with that Robin in the president as we saw him speak over the weekend. He addressed that. He said, look, we we don't need a wall the entire length of the border. And he he specifically said we are also at allocating money for technology for drug detection, where we're allocating funds for more judges, which is also part of a border security process and also money for humanitarian needs. So he is a acknowledging that the wall from sea to shining sea is no longer what we need. He has evolved on this issue. And he has made it clear we can use boots on the ground drones in the air and other forms of border security. But for some reason, Democrats are just hell bent on. No. Because there's any talk of now. I know I know it's very catchy to try to blame this all on Democrats. Donald Trump's shutdown. It's Donald Trump's wall. If I. The answer. The question. To that question of the wall. Telco ahead. No, I just want to say first of all I have to say if you put together everything Donald Trump has said about what kind of a wall. This is going to be how long it's going to be how big it's going to be what is going to be made up you could fill a whole encyclopedia. So it's at all missed ignore. What he says the wall will not work. Let's look at the chop. Oh trial in New York. I think it's very instructive chop build. The biggest drug dealer of all time has told about how he got the drugs in the country. They didn't come across the fence..

President Trump president Robin Senate Trump palace Bill Alice Stewart PayLess Jeremy Hobson LSU Washington Nancy Pelosi Chuck Schumer New York jeff Allison analyst seven billion dollar
"seven billion dollar" Discussed on KSFO-AM

KSFO-AM

02:40 min | 2 years ago

"seven billion dollar" Discussed on KSFO-AM

"Pm eastern time. I bet most of you don't know because it's given short shrift. And the Democrats the leadership anyway and most of them they were posted before he even gave the specifics. Before he even gave the specific. And you have some kooks who claim to be conservatives who in the past of back, Chris Christie, and Mitch McConnell and. Lord knows who else. Trying to move to the right of everybody, including you. But the president proposed wasn't perfect. But I back it because it does not give amnesty. Now later, the president tweeted if I could get a more comprehensive plan, then I'd consider amnesty on the table. While if he does then we will oppose it. But he didn't do that. Here's what was proposed by the president. Five point seven billion dollars. For strategic deployment of physical barriers. Or steel slats and so forth. Eight hundred million in urgent humanitarian assistance in our own country for dealing with the alliens who are here. Eight hundred and five million a new drug detention technology. I mean, what's wrong with that? Two thousand seven hundred and fifty new border agents law enforcement professionals. I'm all for that. Seventy-five new immigration judge teams. Good to process, the backlog is massive to process some of the back lot. Three years of legal relief and protection from deportation from for Dhaka recipients three years. Three year extension of protections for immigrants under temporary protected status. So these are the two things that. Some seem to object to on the. Who claim to be right of you and me, this is no big deal to me. Three years temporary extensions. I mean, they've been talking about amnesty and a pathway to legalization and a pathway to citizenship. Whatever phraseology wanna use. None of that's in here. None of it. So when I heard this I said good and five point seven billion dollars for strategic deployment of physical Barrett. Fine. Good..

president Lord Chris Christie Mitch McConnell Dhaka Barrett seven billion dollars Three years three years Three year
"seven billion dollar" Discussed on AP News

AP News

02:56 min | 2 years ago

"seven billion dollar" Discussed on AP News

"Point seven billion dollars for a border wall is part of the way to increase border security, the argues, there's a crisis along the border is is a humanitarian crisis a crisis of the heart and a crisis of the soul last month twenty thousand migrant children were illegally brought into the United States a dramatic increase. Critics say the security risks are overblown and his administration is at least partly to blame for the humanitarian situation. Congressional Democrats refused to fund the wall. Senate minority leader Chuck Schumer in response to the president says he has been bent on frightening, the people tonight and throughout this debate and throughout his presidency. President Trump has appealed to fear not facts division unity Schumer, again called on the president to allow funding for the effective. Departments including extending funding for homeland security into next month to allow time to find a compromise a court document with redacted sections easy to read shows, what former Trump campaign chairman Paul Manafort, lied about two investigators. Here's the Ed Donahue. The information was accidentally revealed in a defense lawyer filing that was meant to be redacted the AP reviewed the material because it wasn't properly blacked out. It says Manafort shared polling data during the two thousand sixteen presidential campaign with an associate accused of having ties to Russian intelligence and lied to federal investigators about it. The filing does not say if the polling information was public or what was done with it. Prosecutors eight manafort's lies went against their plea agreement. He pleaded guilty in September. The filing revealed the first extensive details of what Manafort lied about. Ed Donahue, Washington. This is AP radio news. The American Cancer Society says the nation's cancer death rate. It has reached a milestone it has been falling for at least twenty five years. That's according to that report, lower smoking rates are translating into fewer deaths advances in early detection and treatment also having positive impacts. The report also finds obesity related cancer, deaths arising prostate cancer deaths are no longer dropping all forms of cancer. Mean it remains the number two cause of death in this country. Most felons regain their right to vote today in Florida under a voter approved state constitutional amendment. It's all about this represents me being a citizen again being able to have a voice the new amendment potentially increases the pool of eligible voters by as much as one point four million people in Florida felons who have completed their prison sentences as well as probation and parole now eligible to vote only ones barred or those convicted of murder or sex crimes. I'm Tim McGuire. AP radio news, this is firefighter Raphael. Poor yet for firehouse subs. Introducing the new spicy Cajun chicken sub Cajun seasons grilled chicken, breast.

Paul Manafort Chuck Schumer Ed Donahue AP president American Cancer Society President Trump firehouse subs United States Tim McGuire obesity Florida chairman murder Washington seven billion dollars
"seven billion dollar" Discussed on AP News

AP News

02:48 min | 2 years ago

"seven billion dollar" Discussed on AP News

"Twenty seven billion dollars for a border wall is part of the way to increase border security, the argues, there's a crisis along the border is a humanitarian crisis a crisis of the heart and a crisis of the soul last month twenty thousand migrant children were illegally brought into the United States a dramatic increase. Critics say the security risks are overblown and his administration is at least partly to blame for the humanitarian situation. Congressional Democrats refused to fund the wall. Senate minority leader Chuck Schumer in response to the president says he has been bent on frightening, the people tonight and throughout this debate and throughout his presidency. President Trump has appealed to fear not facts division, not unity Schumer again called on the president to allow funding for the effective. Departments including extending funding for homeland security in the next month to allow time to find a compromise a court document with redacted sections easy to read shows, what former Trump campaign chairman Paul Manafort, lied about two investigators. Here's the AP's Ed Donahue, the information was accidentally revealed in a defense lawyer filing that was meant to be redacted the AP reviewed the material because it wasn't properly blacked out. It says Manafort shared polling data during the two thousand sixteen presidential campaign with an associate accused of having ties to Russian intelligence and lied to federal investigators about it. The filing does not say if the polling information was public or what was done with it. Prosecutors manafort's lies went against their plea agreement. He pleaded guilty in September. The filing revealed the first extensive details of what Manafort lied about. Ed Donahue, Washington. This is AP radio news. The American Cancer Society says the nation's cancer death rate. It has reached a milestone it has been falling for at least twenty five years. That's according to that report, lower smoking rates are translating into fewer deaths advances in early detection and treatment also having positive impacts. The report also finds obesity related cancer, deaths arising prostate cancer deaths are no longer dropping all forms of cancer. Mean it remains the number two cause of death in this country. Most felons regain their right to vote today in Florida under a voter approved state constitutional amendment. It's all about this represents me being citizen, again being able to have a voice of the new amendment potentially increases the pool of eligible voters by as much as one point four million people in Florida felons who have completed their prison sentences as well as probation and parole now eligible to vote only ones barred or those convicted of murder or sex crimes. I'm Tim Maguire AP radio news..

Paul Manafort Chuck Schumer AP Ed Donahue president American Cancer Society President Trump United States Florida obesity Tim Maguire chairman murder Washington Twenty seven billion dollars twenty five years
"seven billion dollar" Discussed on Motley Fool Money

Motley Fool Money

01:39 min | 3 years ago

"seven billion dollar" Discussed on Motley Fool Money

"Top cabal uh you know that this is another humbling experience i think for steve l similar to what we've seen under armor where you have a founder ceo who for a long time it's had incredible success and rightfully deserves a lot of credit for where they've brought the business in this case to pull now still a seven billion dollar business so a lot of success but now acknowledging that they need some outside help so under armor you're seeing something similar kevin playing and i think we're seeing something similar here with triple a and no i actually kind of like this move the more i step back and look at it brian nickel did a lot of great things that taco bell he's focus on digital communications i think low hanging fruit at tripoli to solve on these issues improving the digital and mobile ordering experience rolling out of loyalty program menu innovations like breakfast just some ways to get people back into the stores and keep them locked in through some sort loyalty program i think that's a nobrainer moving it sounds like that's the direction nickel wants to take it what do you think should be number one in his list jason i feel like you're gonna break down at a one eight one be in one see because these are all really big priorities in in let's be clear men this really could not have been easy for steve elf i mean talk about putting your foot in your mouth i mean it's coming at the other end now i think they need to take advantage of the breakfast market okay they need to develop a breakfast menu yesterday you basically got five hours the day retelling customers you don't want their business they need to expand their menu they need to innovate they need to come up with some new offerings perhaps and smaller portions just things that are gonna bring people in its doors over and over again and then i think that really the big opportunity years that we're going to see.

ceo brian nickel tripoli jason steve l founder kevin seven billion dollar five hours
"seven billion dollar" Discussed on KBNP AM 1410

KBNP AM 1410

01:58 min | 3 years ago

"seven billion dollar" Discussed on KBNP AM 1410

"The pie that they don't owns so that they become a more holistic quote unquote infrastructure infrastructure company or essential infrastructure company okay so you mentioned vmware stake the i believe that was a sixty seven billion dollar deal so the company delta acknowledges has what about forty six billion dollars in debt currently so if you look and the they have roughly about fifty three billion dollars you're dead i doing more dove about two eight eight billion serve roughly about a six point seven seven times leverage so leverage is a key question here if you wonder deleverage or if you wanted to buy back more of vmware for example you have to find the money somewhere and you could potentially monetize at different piece of the pie to bring vmware back in house is it also because they just want to but maybe silverlake which is the private equity firm that helped them goats to private that want to get out they'd like to make their money absolutely so in that could very well be a reason the question is there's multiple options on the table show option a eased two punt pieces of legacy business option b is to appeal the whole company options c is two point pieces of the software business an option d e n f could be combinations arabian sea so you have multiple different options here the question is ward this del wanted to beat the wanted to have a holistic pc infrastructures services plus software business which is quite the opposite drought the word age bq in each b e have done or do you want to be a sharper leaner accompanied keep the infrastructure punto the pcs punt the software or.

delta vmware silverlake software business fifty three billion dollars sixty seven billion dollar forty six billion dollars
"seven billion dollar" Discussed on The Renegade Republican with Dan Bongino

The Renegade Republican with Dan Bongino

02:30 min | 3 years ago

"seven billion dollar" Discussed on The Renegade Republican with Dan Bongino

"Apple windfall from the proposed tax cuts to windfall joe the windfalls hub in the apple would fall and i read this and i'm like uh really re did the here's the democrat's new member that the narrative spot the narrative every time the narrative it's always be asked with the left you just have to figure out where the b asses and pointed out so here's the story story in the journal his at this tax cut if it goes through is going to lead to an apple quote windfall forty seven billion dollars oh i reminds me of that spiderman movie with that uh not the tobey maguire guide the andrew garfield the other guy when when ambani walks in the room and he's got all the dust on his face from his fights the night before spiderman and she's like peter what's up at your face he goes i i was clean in the chimney she goes we don't have a chimi he was born it's the fuck is part of no movie i love it that's what are these apples going to get a forty seven down a forty seven billion dollar windfall from texas law okay they i it liberal logic but wins the day again because the narrative this is what they do what people will scoop this up here's what's actually going on under the curry broke in disgusting tax system we have now of the highest corporate tax rate in the organize the economies of the world of 35 percent folks that's our current corporate tax rate now apple technically would about seventy eight point six billion dollars in taxes on muddy joe follow me here it has overseas apple now if the gop plan if the gop tax plan passes the apple apple tax load burden on overseas money would be thirty one point four billion now when you can get you when you subtract the two you will get forty seven billion dollars so liberals are like oh my gosh we're giving apple forty seven billion dollars no no you're not giving apple anything lissette apples like a largely liberal company okay i ought to be disclosure i own some stock in apple not a ton.

Apple andrew garfield peter ambani texas corporate tax gop forty seven billion dollars forty seven billion dollar six billion dollars 35 percent
"seven billion dollar" Discussed on Radio Free Nashville

Radio Free Nashville

02:32 min | 3 years ago

"seven billion dollar" Discussed on Radio Free Nashville

"To justify a one point seven billion dollar paycheck or four hundred million dollar retirement bonus interesting question there's a free market for labour ceos you'd think they'd be a lot of competition for the jobs and a lot of people can heating for the positions would drive down the pay all the united healthcare stockholders would have to do to avoid paying more than a billion dollars maguire is find somebody to do the same ceo job for a half billion dollars and all they'd have to do to save even more is find somebody to do the job premier hundred million dollars or maybe even somebody who work the necessary sixty are weak sprawling one million dollars so why is executive peso hi i've examined this question with both by psychotherapist had on and my amateur economist had on in only one rational answer presents itself ceos in america make as much money as they do because there really is a shortage of welltrained sociopaths the book is uh but ultimately it's from threshold that it's in the thom hartmann wow lorde this is the thom hartmann welcome back even here is morphine in the studio hide their glue you have bad breath lu lu smells like my dog our our history and shepherds is in the studio with us today roofs on microphone just fell off there we go and so um apologies for the wilfing in but i wanted to introduce you to blue and say hi what did today there is talk that kellyanne conway my go to jail according to walter shabaab who uh was the former director of the offer office of government ethics kellyanne conway has not once but twice violated the hatch act in the hatch act includes you know prison jail time and and a large fines and things when she the hatch act says that you can't use federal property or money to promote politics to promote any kind of political event on similarly at says you can't use it to promote your on personal business so you know you've got the first time was uh kellyanne conway pitching ivanka's stuff then she's trashing doug jones in the.

free market morphine walter shabaab director doug jones ceo executive america kellyanne conway ivanka billion dollars four hundred million dollar hundred million dollars seven billion dollar one million dollars
"seven billion dollar" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:31 min | 3 years ago

"seven billion dollar" Discussed on WBZ NewsRadio 1030

"Hundred thousand squarefoot facility will consolidate five of the company's sites under one roof it is one of the world's largest makers of scientific lab testing equipment ceo who did draws says the new plant is uniquely positioned to help the local biotech community seventy percent of product are being developed in biotech many of them but very often they don't have capital to put up a manufacturing site one thousand employees are moving into the new facility all of them problem solvers baltra says mila poor sigma is the life sciences division of germany's merck and is a seven billion dollar global business a costcutting move is forcing owens corning to shudder its factory in maine putting sixty workers of the unemployment lima global insulation company pulling out of brunswick relocating to a texas facility the factory will wind down operations in the next few months off incubator and accelerator tech code is opening an office in boston global company runs offices in seven countries are now twenty two cities tech codes tony drc says the incubator zeroes in on artificial intelligence and medical tech startups unique product the first thing that we will go or second outer connecting with their market already they got got behind them they're already conquered company will operate its office in somerville wbz news time 320 just works believes there's nothing quite like to thrill of being an entrepreneur that growing a team also means lots of paperwork running payroll and finding benefits.

ceo maine boston tony drc artificial intelligence germany owens corning lima texas somerville wbz seven billion dollar seventy percent
"seven billion dollar" Discussed on AP News

AP News

01:31 min | 3 years ago

"seven billion dollar" Discussed on AP News

"Head of the nation's largest bank says he's era tainted with politicians and the media ap correspondent julie walker reports jp morgan chase is ceo thinks the nation's spending too much time arguing instead of solving issues jamie diamonds comments came during calls with reporters and wall street analysts to discuss jp morgan chases record seven billion dollar profit in alas the quarter but he argued us government policy makers spent too much time bickering rather than improving the economy for everyone is almost an embarrassment in more crowded round the world and listening to this we have this country and it won't point we all have got to get over we will do what the american the us economy has been expanding at less than two percent a year since the great recession which is below the typical growth after an economic downturn julie walker new york a couple of mowing goats are accused of taking away union jobs western michigan university hired the team of goats after a trial run to clear fifteen makers of woodland on campus the goat rental company mantras on hooves said the animal consumes three to five pounds of vegetation per day and leaves behind natural fertiliser the american federation of state county and municipal employees local union doesn't see it that way it filed a grievance in relation to subcontracting and the on reported use of goats the university spokeswoman said that no school workers have been laid off by the gold project and the goetrik 'spect to be on.

jp morgan chase york michigan university american federation julie walker ceo jamie jp morgan us economic downturn seven billion dollar five pounds two percent