36 Burst results for "Seven Hundred Million Dollars"

Coachella is Canceled

Business Wars Daily

02:51 min | 2 weeks ago

Coachella is Canceled

"Six day coachella valley music and arts festival which draws around ninety nine thousand people per day to southern california. Each bring has been canceled again. It's country music cousin. Stagecoach has also been axed for twenty twenty one a riverside county health orders said both festivals were quote gatherings of an international scope unquote so too big a risk to take in a state that still battling some of the highest numbers of covid nineteen cases in the country. It's fair to say that the pandemic has not been kind to the live music industry last march. The two biggest concert promoters in north america live nation and aig presents suspended all of their tours saying in a joint statement that they hope to come back in april. Yes april twenty twenty. We all had high hopes back then right well. April came and went and justin bieber did not come to a city near you. Both live nation and eighty g were forced to make significant staff reductions and their executives took deep. Pay cuts and this. Latest cancellation is more bad news for ag presents. Because it's the parent company of voice which put on the coachella and stagecoach festivals together. The festivals were projected to generate more than seven hundred million dollars in overall economic activity in two thousand nineteen over one hundred million of that was expected to be injected back into the economy of indio california where the festivals are held and on top of that. Nine thousand concert goers were expected to stay in nearby airbnb so that number had doubled from twenty seventeen so the coachella cancellation is a loss for g loss for indios economy. A loss for anyone hoping to rent out their house for the festival and well even the artists scheduled to headliner missing out. That's a gig. That reportedly made arianna guerande a cool eight million. According to variety but the cancellation could mean more spending money. In the pockets of disappointed ticket holders the typical coachella attendee spent around twenty three hundred dollars for tickets parking food and merchandise in two thousand eighteen money magazine reported but that money saved is likely not a salve on the burn for folks who've been waiting for a year to go to coachella and we'll have to keep waiting with coachella cancelled. Ag presents is hoping another big name festival. Firefly scheduled for june in delaware doesn't face the same fate and it's already pushed back. It's new orleans jazz fest. From late april to october of this year in hopes that the covid nineteen pandemic will be less of a threat. Meanwhile rival live nation has is on how las vegas is responding the pandemic in hopes that the city is ready to host. Its electric daisy carnival in may and live nation is already rescheduled. Its bonnaroo festival three times. It's on the calendar. Precip timber penciled. In course

Coachella Valley Stagecoach Riverside County Southern California AIG Justin Bieber North America Indio AG Arianna California Coachella Delaware Las Vegas
Fresh update on "seven hundred million dollars" discussed on The Interchange

The Interchange

01:21 min | 17 hrs ago

Fresh update on "seven hundred million dollars" discussed on The Interchange

"There's really only three companies sort of approaching at scale jack. Carbon engineering climb works and global thermostat. And they have different approaches to it. But you know the fundamental problem. Is they use a ton of energy. The energy costs money. And so it's expensive. And so in these early procurements of dak we're talking about hundreds of dollars per tonne five six hundred dollars a tonne for co two which anybody who knows in like co two abatement markets makes it very expensive today and so the question is can they scale and drive down costs sufficiently that dak becomes hundred dollars hundred fifty dollars a tonne and then it's a totally different ballgame. Yeah yeah they they might be able to Carbon engineering put out a paper. Relatively recently kind of outlining their visibility into getting prices. Down to one hundred dollars a time which. I don't think they've done yet but they sort of described how they could get their But at the end of the day you know building a large factory type facility takes a lot of resources you know metals and other materials. It takes a lot of money. So carbon engineering's one megaton facility is expected to cost around seven hundred million dollars and these these plants still take a lot of energy to run so great if that could be renewable based also need to be sited near geologic storage or some piping system to take the co two to storage. So i i don't mean to sort of Disc these technologies ray. I mean as far as i'm concerned anyone who's honestly developing scalable. Carbon removal systems. Is you know some kind of mild hero. We really need this But i think you know it. It is helpful to go in with our eyes open about what a particular technology does well and what it's constraints are so that we can actually develop a robust portfolio of technologies. Given how important this problem is right. So that's a good segue. So you're you're so the the challenge with dak cost and scale ability so let's talk about nature based solutions which sort of solve that problem. But of course have other problems The cost of planting trees and so on very low and obviously highly scalable. We have enormous for us and tons of land globally. That could Could suck up a lot more. Co two but what are the other challenges when you get into sort of the nature based universe. Yeah so there's certainly a role for nature based solutions but it's not enough to get us the whole way there so we can't plant plant trees are way out of the problem. There's not enough land to plant enough trees to solve this problem There's also the issue of permanence so you can think about. Let's say Trees that you've planted to store carbon as sort of temporary store of carbon in the carbons locked away in the trunks and the roots and the other biomass of these trees but if a forest fire comes through literally all carbon goes up in smoke. it's gone Where some of the other solutions that we talked about like adak with geologic storage can be permanent solution on the timescale of thousands or tens of thousands or or much longer number of years effectively permanent In terms of us about this this climate problem in the next you know one hundred to two hundred years and so those are things to balance against each other right. I think there's there's a role for all of these technologies to play but we need to make sure that we're managing the risk across this portfolio because the fate of the atmosphere hangs in the balance. Yeah and this is where i think..

Hundred Dollars Thousands One Hundred Dollars Two Hundred Years Three Companies One Hundred Today Five Around Seven Hundred Million D Tens Of Thousands Hundreds Of Dollars Per Tonne Hundred Fifty Dollars A Tonne Tons One Megaton Six Hundred Dollars A Land Ton Of Energy TWO Co Two
Hedge Fund Makes Millions on GameStop

WSJ What's News

02:25 min | 3 weeks ago

Hedge Fund Makes Millions on GameStop

"Turning to washington and the latest on the game stop frenzy treasury secretary. Janet yellen is said to meet with top regulators. Today to discuss the many issues that have emerged. This initial meeting will include officials from the sec and the fed according to former officials and analysts. The discussion is unlikely to reach any conclusions on whether the activity points to risks to financial stability or the need for regulatory changes. It wasn't just individual investors making a lot of money on game stops rally in a wall street journal exclusive world reporting one hedge fund in particular made a profit of nearly seven hundred million dollars joining me now with more on how this came to be as markets reporter caitlin ostrov. She is in london. Good morning caitlin. Wanting mark caitlyn so much of the movement upward has been propelled by day traders but some hedge fund managers actually bet on the stock rising. Yeah so you've had this narrative of on forms like it's wall street bets that come about of you know all of the little guys of the day traders kind of taking on these hedge funds better holistically betting that stocks like games talk will wind up falling but not everything has always as clear. Cut in black and white in some hedge. Funds also took this contrarian view that may be the market was being a little too beating up on games talk and so you actually had one hedge fund some best which actually started at on of games top. You know at the end of last year. September october and turned into profit of nearly seven hundred million for them because they start buying wind chairs were close to ten dollars and they sold when they were close to four hundred and caitlyn. We've seen a lot of volatility with game stock and others. What has been like this week. Yes performance for a lot of the so-called robinhood stocks the stocks that are very heavily favored by day traders We've been less strong moves this week than we did last week. you know. We had shares of games. Top shooting up over one hundred percent in a single day and now trading is a little bit more rangebound between you know maybe five and twenty percent that is obviously still vividly high volatility. But it does show that maybe some of this valley is losing a little bit of steam or a little bit of momentum ceylan ostrov thanks for joining us. Thanks for having me

Janet Yellen Caitlin Ostrov Mark Caitlyn Treasury SEC Wall Street Journal Caitlin FED Washington Robinhood London Caitlyn
Mega Millions jackpot now $970M; Powerball up to $730M

AP News Radio

00:38 sec | Last month

Mega Millions jackpot now $970M; Powerball up to $730M

"Lottery players are hoping for a big payday the mega millions jackpot has reached nine hundred seventy billion dollars after Tuesday night's drawing failed to produce a winner that's the biggest in more than two years and the third largest jackpot in U. S. history but that's not all the Powerball jackpot is at seven hundred thirty million for the Wednesday night drawing it's the first time both lottery jackpots have topped seven hundred million dollars for mega millions the odds of matching all six numbers are one in three hundred two billion and for power ball they are one in two hundred ninety two million I'm Mike Hampton

Mike Hampton
Montana tribes begin next phase of COVID-19 vaccinations

Native America Calling

03:53 min | Last month

Montana tribes begin next phase of COVID-19 vaccinations

"This is national native news. Tony gonzalez oklahoma congressman tom. Cole opposes impeaching president trump as members of the house moved to impeach trump accusing him of inciting violence against the government after last week's deadly riot at the us capitol and a house rules committee meeting tuesday. Kohl condemned the violence and called for justice for those who took part in violent acts. Cole says the president bears some responsibility for what occurred but says he will not support. Impeachment differ with my college in the majority. I do not believe there. Proposed course of action. Impeachment is the appropriate solution. I can think of no action. the can take is more likely to further. Divide the american people and by putting the country through the trauma of another impeachment. As i speak today. We're just eight days from the end of president trump's term of office next week president-elect biden will take the oath of office as the president of the united states at a time like this we should be seeking a path forward Healing a path toward healing the american people but instead majorities rushing to judgment without due process. The house wednesday began debate on an impeachment resolution against the president tribes in montana have vaccinated healthcare workers for covid nineteen and are moving forward on plans for community members. Yellowstone public radio's caitlyn nicholas reports last week the rocky boy health center which serves the chippewa cree in northern montana initiated phase two of the rocky boy covid nineteen vaccination plan misty denny the health centers public information officer says the scheduling team began calling elders age. Sixty five and older on december thirty first to schedule appointments or trying to discourage any kind of elderly patients from this show enough so they've been working diligently to contact the eligible recipients directly by phone danny says the clinic vaccinated healthcare workers from its initial shipment of two hundred doses of moderna vaccine and is using the remainder of its second shipment of two hundred doses for elders prioritizing those over seventy five with medical conditions most montana counties are still in there i roll out of the vaccine to healthcare workers who have direct contact exposure with the virus however other tribes in montana including the crow northern cheyenne black feet fort belknap indian community and the confederated salish and kootenai tribes started vaccinating elderly tribal members. This week. After completing the first phase of vaccinations all tribal members are prioritized to receive the vaccine under montana's vaccination plan native americans and montana have experienced disproportionately high rates of infection and mortality from the corona virus for national native news. I'm caitlyn nicholas. The navajo nation has connected more than seven hundred homes to the electrical grid using covid nineteen relief funds as arizona. Public radio's ryan hinds reports the navajo tribal utility. Authority is using nearly forty million dollars from last year's cares act to improve power lines grid capacity the tribe intended to bring power to about five hundred homes before the end of last year but was able to exceed. The goal is crews worked long hours over several months. It's a continuation of the light up navajo project that began in two thousand nineteen about a quarter of the fifty five thousand households on the navajo nation. Aren't connected to the electrical grid. It prevents access to running water reliable lighting heating and cooling as well as modern refrigeration and internet access the navajo tribal utility authority is also installing. Solar power systems in two hundred homes and several families have received bathroom additions in water. Cisterns using cares act funding. It's all part of a broad plan approved by the tribe in august for electrical water infrastructure and broadband projects in all the federal covid relief package allocated more than seven hundred million dollars to the navajo nation for national native news. I'm ryan hunches in flagstaff and demand. Tony gonzales

Montana Caitlyn Nicholas Congressman Tom President Trump Elect Biden Cole Yellowstone Public Radio Rocky Boy Health Center Misty Denny Tony Gonzalez Kohl Donald Trump Cheyenne Black Feet Fort Belkn House Oklahoma United States Ryan Hinds Kootenai Government
The rise and fall of Elizabeth Holmes, the Theranos founder whose federal fraud trial is delayed until 2021

TechStuff

02:14 min | 2 months ago

The rise and fall of Elizabeth Holmes, the Theranos founder whose federal fraud trial is delayed until 2021

"The pandemic also delayed one of the more anticipated criminal trials. In recent tech history. Elizabeth holmes founder of medical startup fairness was to have her trial began in twenty twenty but the pandemic became a factor and the court would order the trial to be delayed until the spring of twenty twenty one for those who don't know who elizabeth holmes is or what her company theranos did. Here's a super brief rundown homes who idolized silicon valley leaders. Like steve jobs created a company that had the goal of developing a medical device. The device which was projected to be about the size of your typical desktop printer would be able to take a very small blood sample the tiniest little droplet and run hundreds of different analytical tests on that sample within a short time perhaps an hour or two the device would produce a report about that sample giving the user information about their health diagnosing any diseases or conditions and in theory empowering the user and the idea was to democratize medicine in a way that would give users more information about their own health and better to interact with their primary care physician and the medical establishment. Some doctors worried that this would cause people to misinterpret results but it turns out. They didn't really have much to fear because the device never worked properly at least not to the extent that the company wanted it to it turned out the actual process was way more complicated than home. Said i imagined. Enter team of engineers were tackling problem after problem in order to try and make it work in the meantime the allegations against home state that she and her fellow executives purposefully misled investors including using equipment from established blood testing companies to run blood tests while claiming that a theranos device was actually doing all the work the house of cards came crashing down but not before investors had poured more than seven hundred million dollars into it homes is now charged with numerous counts of fraud. And we'll have to wait to see how that all turns out.

Elizabeth Holmes Theranos Steve Jobs
Australian leader seeks conciliation in dispute with China

PRI's The World

03:47 min | 3 months ago

Australian leader seeks conciliation in dispute with China

"If you enjoy a glass of wine every now and then. You've likely tried a bottle from australia at some point the. Us is a big market for aussie vintners. So is china but now china shops wanting to carry australian wine face higher costs much higher. The chinese government has announced new taras on australian wine imports as high as a two hundred twelve percent tax on every bottle. It is a major blow to australia's wine industry as the world bank. A hillier reports. China is pointing the finger at australia and says the country is dumping wine into its market causing the chinese wine industry to crash. Australia says that's not true. Still because of the spike and fees the wine trade between the two countries has come to a grinding halt. The level of the tariffs essentially closes a market for experts. Say it will be virtually impossible for steinbeck's orders to send bottle bought into china for the foreseeable future tony lane. Ceo of australian grape and wine says people's livelihoods are already being threatened of the twenty four hundred australian wine producers who export to china eight hundred of them sell exclusively to the people's republic that now the markets that aren't still domestically they've set the businesses up puglia round the toronto market. And now. we're the next older will come. There's a lot of guess uncertainty. In fear and confusion james robson of ross hill. Weinstein is feeling the pressure. This is terrible news. He told abc news australia. That nearly twenty percent of his product exports to china where his customers usually place big orders in october to prepare for chinese new year. And we haven't done any of that this year because obviously that texting right. It's just not sustainable alley entry level one these ten dollars and that's gonna make it thirty. Even the big players in australia's wine industry are taking a hit shares in the largest one treasury. Wine estates plunged eleven percent when the tariffs were announced. But they'll be okay. Tony battling says because they can sell to other countries mainly europe the us and other parts of asia still under thirty five million liters of wine that is now going to be looking for a high finding new markets and forming new business relationships is tough though especially during a global pandemic and battling says those other markets won't be able to make up for the loss of business with china we got hundred seventy markets resulted. Even if i only christ bought fifteen percent that would still live. It's seven hundred million dollars in the red site. Clearly showtime Visit occasion is not going to work. Experts say the wind tariffs are not just about reds and whites relations between australia and china soured earlier. This year after australia called for an investigation into china's handling of the coronavirus pandemic since then china has slapped tariffs and restrictions on a number of australian exports including barley beef seafood and sugar agriculture minister. David little proud told sky news australia. That he's looking for clarification from china. Is that it is retribution. Rather than any specific issue that any whether it be one or the other commodities produced the trade war appears to be here to stay. China's commerce ministry said today the tariffs could last between four and nine months at this point. Tony battling of australian grape and wine says he doesn't see a clear path forward normally you can resolve economic disputes through negotiation. But with you can't get to the table. You can't get both parties in the same room or on the same telephone. You kinda negotiate in the meantime battling hopes australian producers won't have to sell their wines under market value just to keep the lights on

Australia China Chinese Government Tony Lane James Robson Ross Hill Steinbeck World Bank Weinstein United States ABC Toronto Tony
Amazon opens online pharmacy that delivers prescriptions

Behind the Numbers: eMarketer Podcast

03:51 min | 3 months ago

Amazon opens online pharmacy that delivers prescriptions

"Amazon launching an online pharmacy customers will be able to buy prescription medications through a new store on its platform code amazon pharmacy. So now when you're at the doctor you can ask them to send prescriptions to amazon pharmacy. Just like any other retail pharmacy. Like you did before. It accepts quote unquote. Most insurance plans poll amazon launching. An online pharmacy was the points. What could possibly go wrong. There are two aspects of the recode article that used santos marcus that i thought were interesting. One is the fact that a lot of things that we didn't anticipate buying through amazon. Now we do so routinely. So i think that bodes well for prescription drugs being part of that but the other part that concerns me quite a bit is the just the number of knockoffs and how unregulated the amazon marketplace. Seems to be at times mock I would never bet against amazon in anything possible. Hitch in this. Is that the prescription. Drug markets skews toward older consumers. They they're the ones who who need this stuff more and that on average somewhat less comfortable with ecommerce younger people had the a lot of The pandemic learn to deal the e. Oh so that that's favor. But i'd be astonished if this flops blake yet had mark's got it exactly right. It's sort of the logical next step for amazon. Now that the pandemic has gotten older generations. Used to shopping for essentials online so sort of the next step beyond grocery in every other day household essentials and this is the age group that they're going to need if they want this to be successful so i think the time is right. Context on this story is comes about two years after amazon com susan company pill pack for seven hundred million dollars is also made other moves into the health space. Health insurance space amazon. Berkshire hathaway and j. p. morgan chase in twenty. Eighteen launched a joint health care venture code haven. We've yet to see where that's going to go. I'm was prime. Members will of course be able to save money paying for medications generic and off brands without using health insurance which is interesting. that's just chace took hit following the news. Drugstore companies like cvs and drug distributors like cardinal health. This will no doubt as well as vice out of walmart target costco's pharmacy businesses to joe this album praying and sharon tell up the wall street journal noting quote. Most americans still prescriptions at the traditional drugstore. Us prescription drug sales at pharmacies was over three hundred billion dollars in two thousand eighteen coins health research firm. A via nearly four billion prescriptions filled each year in the us in march. Mail order prescriptions. Mail order prescriptions. Were up twenty one percent from the previous giving them a six percent slice of the prescription drug market. Hi shannon lost two years. According to suntrust robinson humphrey. Wasn't there a time not long ago when there were a lot of rumors about amazon getting into not the prescription drug business but healthcare coverage insurance coverage. Am i imagining that. Or i might be the time with the two companies haven joint venture with halfway and j. p. morgan chase. So they got together to basically trying to put together some kind of umbrella coverage for all three companies. And somehow i pulled on everybody's sources provide coverage for all of their employees. I think that might be the thing. Maybe i i guess. I was on the impression that it was more comprehensive than just those companies and that they were basically going to try to roll out like you know obamacare. You know amazon care but yeah whether they were going to roll the roll that out to other companies as some kind of a model yet to be seen but i think with their own folks

Amazon Morgan Chase Santos Marcus Berkshire Hathaway Blake Chace Suntrust Robinson Humphrey Susan Costco Walmart The Wall Street Journal Sharon JOE United States
SEC to examine Nikola over short seller's fraud allegations

CNBC's Fast Money

09:37 min | 5 months ago

SEC to examine Nikola over short seller's fraud allegations

"We start with some breaking news on Nikola shares they are down in the after hours that follows a big update Bloomberg reporting that the Securities and Exchange Commission will examine Nikola over the short showing fraud allegations stock down seven and a half percent right now guide Your response to that news. Again it probably Brian. Thanks for being here. Again, I can't speak, and I said this last week try to be a little clearer. Now, I can't obviously speak to the veracity of the short soul report accusations of fraud I have no idea what I did say last week, and what I'll stand behind is despite how the GM investment is structured whether they are actually investing money for the deal is structured fact that GM is somehow it linked. Their wagon to Nikola and if these accusations proved to be correct I, think the really deleterious thing could happen in shares of GM based solely on that not because it's just two billion dollars but the in my opinion, the potential for an exponential move based on that and based on the fact that maybe GM potentially didn't do the homework that are the people did that would be my primary concern right now as I look at this entire situation. and Tim to be clear on the story and I know we're GONNA. We're trying to fill up here. Any moment is that you don't Trevor Milton said the other day we're going to basically work with the SEC I wanna be clear according to the Bloomberg report. That's not what this is. This appears that the SEC is now poking into Nikola baby on not on the side of the short seller. But certainly from that angle, this is not some cozy deal between the two going after Hindenburg. No I think ultimately, the the SEC is going to do what they feel is just based upon both again allegations of fraud and actual fraud and investigating what was represented to investors I mean there's there's whether the technology is what it is and guys brought up some important elements of this that I don't I don't think we can know based upon even even if we read that entire report again, this needs to be validated or invalidated. The fact that the company has come out today and said, well, you know we said that it was. That the company was was was was excuse me that the truck was moving as opposed to it was actually individually propelled by our own engine etc I mean you know there's some some really frankly. that. BET semantic hair that's trying to be split here I think is is crazy I mean that doesn't sound good that certainly doesn't sound like something you'd rest. Well, we weren't really you know indicating that we were. We were on our own individual propulsion. So I think you know that doesn't read well. I to me GM the the issue was did this validate some of their fuel cell technology and some of their overall engineering prowess and did the deal makes some sense when you consider that unlike others Nikola was going with an asset light strategy and seeking to at least tap into engineering and we? Capacity that all makes sense. The fact that Jim got this for free was going to be paid seven hundred million dollars for access to some of their technology. I don't think this is necessarily harmful to GM. If this all turn to be a disaster for Nikola I think the fact of the matter is GM is pointing out that they have been in this space for a long time and I, think there's a lot there. Well it Dan Listen. That's the Tim. Actually hit on the one thing in the rebuttal that stuck out to me as well which is yeah. The truck may not have run on its own, but all the parts Kinda worked on their own but together didn't really matter because we're going to pivot to something else. Anyway there's a lot of pivoting going on Nikola and I wonder if investors should just pivot away from the stock because they don't know how this is going to end up. Well I think that's the main point. We just don't know we talked about this on Thursday. The stock was trading about thirty, eight hundred already had a big down day on the day before after that report came out my comment was okay. Well, there was two opportunities, the vet this story and I was a bit Glib about and so I said, you know there probably isn't fraud here. I had a very prominent short seller hit me after the fact on tax and say be careful here this is well documented and devastating I spent some time reading it the rebuttal there was really nothing there from Mykola and I think that's a pretty interesting. Story I'll just make one point and one of the reasons why I made that comment on Thursday I've been in this business for twenty five years. You know if you WANNA create some sort of scheme to rip people off of lots of money doing it in the public eye in front of know financial TV investors who are very well incentivized a sniff it out, and then no shortage of regulatory bodies. It's just not the best place to do it. So that's my first reaction often but who knows here, this seems like a really creepy situation and you know when you don't understand something you just avoid. Yeah, I think that's well setting care and I want to reiterate the news in case audience is just joining us here that the according to Bloomberg is now going to investigate at least sort of at a top level. The allegations of fraud against Nikola made by the short seller doesn't mean they're going to find anything and if they find anything, it may not. Be Serious and it could have some sort of an easy resolution as well. Just because the SEC goes poking around companies doesn't mean there's a negative outcome and I think that's very important to be said but on forget Nikola Karen is there any reason ever invest in the stock of a company where the even sniffing around? Maybe it does create some weird opportunity. Well I guess I point to Tesla the SEC. Sniffing around when they the statements about you know financing secured when when musk wanted to take private for four hundred and twenty dollars a share I guess that would have been one scenario but I agree with the guys on the panel that this particularly this issue of it was whether it was self propelled. We never said it was certainly one could reasonably assume that investors looking at that would think. That trump is going on its own. It just makes you think. All right. What else are they do? They have out there in the market that you know what are they sort of presenting that might not be actually as it appears this is a black eye for GM I'm GonNa Guess that maybe this deal falls apart I think GM I think is one of the guys said they didn't actually up any money it was the putting resources into advancing their. Ev Platform. But this this is a black guy for them. It's bad for them and I'm going to guess that this deal falls apart. We'll very quickly Karen and want to come back to number one on the propulsion sort of issue. Well, let's not forget the Financial Times. Did it's reporting a few days ago that they said they talked to a cameraman who said trump just basically rolled down the hill I think probably all of us that our worst moments of roll down a few hills once in a while after you too many. Let's move aside for that Karen. You think that if this comes out as a worst case scenario could GM's CEO Mary Barra lose her job. That I don't know I, mean imagine it. I. Would think the board probably not delighted by this It it it kind of I mean, maybe they did do their due diligence. Maybe they did know all of the points that were in that extensive short report, which I only read a little bit of to be to be fair did not read the entire thing and that they went through every single thing seemed okay. That's a bit of a stretch for me to believe. So I think the stock had rallied on that on the deal so it would be reasonable to You know I'm going to sell some stock I think. This is a black guy for them and for her and I think she's fantastic but. she is. Go out on religion meeting her and interviewing her and Mary Barra is is a class act all around guy but GM shares are moving on this news not a lot but they are down about one and a half percent and listen Y- again, and there's a lot of if and maybe you don't want to go too much down that rabbit hole you. So adroitly said very much of the top there but it is a difficult situation for GM and its investors when literally a couple of working days after you announce a big deal, basically one full week, you got the SEC poking around the company that you just kind of. GOT INTO THE BOARDROOM WITH Yeah I mean it's concerning again we I and we're all trying to be really careful here because obviously you know none of us know where the trews are and where they're not. But again, I want to emphasize if there's any truth whatsoever. In. Knows Ninety pages of that short sell report I think it's really believe it or not I think it's more of a negative for GM potentially that it is for nickel I know that sounds ridiculous but people will say how could you possibly got into whatever agreement it is whether it's a Deal whether it's just a collaboration thing whatever it is how do you partner up with a potentially something that isn't what they said it is to me that's a really scary notion and I think that's sort of the tail risk that GM is facing right now and obviously you know we're not wishing for this. I think we're just trying to point out what could happen and that sort of our jobs here.

GM Nikola Securities And Exchange Commis Fraud Nikola Karen Bloomberg Mary Barra Brian Financial Times TIM Trevor Milton JIM Mykola Donald Trump Musk Partner CEO
Edwards' Katie Szyman on Medtech's Accelerating Changes

MedTech Talk Podcast

06:52 min | 8 months ago

Edwards' Katie Szyman on Medtech's Accelerating Changes

"Katie has had a fascinating career both at Edwards, but also at medtronic where she was president their diabetes business. In addition to that she served on the board of numerous start up companies that are each having a huge impact on their various specialties companies like Inari. Inspire tourney a welcome Katie. Thank gap. It's great to be here. Thanks so much for joining us in. We have a lot of things to cover today, so I'm really excited to have the opportunity at beyond the podcast of let's start with Edwards in critical care and i. a lot of people don't realize that critical care is a seven hundred million dollar business within Edwards. Could you give our listeners an overview of critical care and really what the core of the Edwards offering is? The core initial started Edward. critical care started with the Swan Ganz Catheter, that was actually invented out of Cedar. Sinai and many people know the kind of the story. That invention was just that It was sitting on the beach and said Hey. How do I get a good reading of a patient's pulmonary artery pressure, and it's really hard to do unless you're inside the heart, and it's really hard to get to that pulmonary artery position and figured out that if you took a you know, think about how sailboats work. If you blow up a balloon and let it flow really through the body like a sailboat. Sailboat it would land in the pulmonary position, and that was invented almost fifty years ago. by a Jeremy Swan Ganz out of Cedar. Sinai. That was the beginning of our business. And since then we've really expanded and focused on advanced Chemo, dynamic monitoring, really in patients in the ICU or in high risk surgeries whether cardiac surgeries or high risk, non cardiac surgeries that may be four patients that are very thick and that have surgery greater than three hours, so are being screw from the beginning with the Swan. Ganz Catheters, and now we do you know all kinds of pressure? Monitoring Technologies really focused on making sure patients. Are Stable. That's great actually didn't know the the history of the slum Ganz Catheters so that's fascinating. One one of the things that must be having a huge impact on your business is the current crisis were facing in vid. How has that Changed Your Business in in? How are you seeing? Critical care evolve through this crisis. It's an interesting I. Think for us. We always assumed so much of our business was in the ICU and out with the with Kobe hitting. We've seen it hit in various degrees, so for example in the UK They realized that they had a significant shortage of ICU. And so they came through and ordered like one point, two million DP or pressure sensors from us to stock up so that they could build out there I see us other countries like Germany or the US had adequate ice, you beds in different parts of the country of the US. We've seen some regional spike, but overall I think we've found in the US. We had enough ice. You better than in Germany. They have enough, but then kind of across the rest of Europe. They found significant shortages so. So, we've seen some spikes in demand, related to building I, you capacity, and then we've seen just various spikes in demand like regionally for example in New York and New Jersey. Of course we've seen some higher demand there, but on the flip side, probably fifty percent of our revenues come from high risk surgery, and so with the cancellation of surgeries, really across the US and the world we've seen the kind of downward demand or downward revenues for about half the business for the high risk of our procedures. Interesting. I didn't realize it cut both. Ways. I think the the the building of stockpiles are expanding capacity is interesting dilemma that I think a lot of companies are are facing because on the one hand, it's great from the near term business side on the other hand you wonder. What will purchasing look like in the future with these SORTA stockpiles? How do you deal with that are a that? Is that something that? You see is. Concerned going forward. Yeah absolutely like so. It's been interesting journey for lot of our products manufactured of the Dominican Republic and in the Dr. Reduction of human you know of of human capital in terms of the workers, because many of the workers that were over age sixty were no longer able to come to the work that reduced our capacity by about eighty percent, and meanwhile then we had this bike demand. So now. We're sort of getting back to a steady state where you know, people are able to come back to work, but it's been a really interesting short-term. And there's also the concern as you said like. We've had this surge in demand, so we've had to work double. You know three shifts, and through the weekend to meet kind of these spikes in demand building capacity, but we all recognize that that's not going to be sustainable, and it's going to go back to a normal state afterwards so mostly. We're just hiring. And trying to use extra shifts as a way to kind of manage it so that we don't all become over capacity by ourselves right permanently. Yeah, yeah, no, that I mean you think of the. A lot of people think about what's happening on the front lines as they should, but the ripple effect through your business through your supply chain is, it's incredible. Just think how complex our businesses have become. And little changes in the overall environment can impact the you know the whole supply chain. It's it is amazing like for supply chain in particular, because we've also seen the regulatory bodies whether it's in Europe or in the US being flexible to try to approve product quicker just to kind of provide for the emergency situation, so you know for example we had excess capacity of our Asia sensors, and so we were able to quickly get those approved into Europe so that they could actually get to their patients in Europe almost on a temporary basis. Basis so I. You know I think the one summary of what's happening is very unpredictable and I think there's some really good permanent changes in terms of realizing that we can all work together globally better whether it's regulatory bodies whether it's manufacturing whether it's you know distribution channels as you're talking about shipping channels. All of that I think is all going to be permanently changed, and hopefully some of the changes will be for the better I really believe that.

United States Edwards Ganz Catheters Europe Swan Ganz Catheter Jeremy Swan Ganz Pulmonary Artery Germany Katie Medtronic President Trump Chemo New York UK Dominican Republic New Jersey Kobe Edward.
Medtech's Accelerating Changes, Leadership Development and Having Fun

MedTech Talk Podcast

05:42 min | 8 months ago

Medtech's Accelerating Changes, Leadership Development and Having Fun

"To the Matt, tectonic podcast. This is your host Jeff Pardo, and in today's podcast I'm thrilled to have Katie Simon. Vice President Edwards Life Sciences and general manager of Global Critical Care Business. Katie has had a fascinating career both at Edwards, but also at medtronic where she was president their diabetes business. In addition to that she served on the board of numerous start up companies that are each having a huge impact on their various specialties companies like Inari. Inspire tourney a welcome Katie. Thank gap. It's great to be here. Thanks so much for joining us in. We have a lot of things to cover today, so I'm really excited to have the opportunity at beyond the podcast of let's start with Edwards in critical care and i. a lot of people don't realize that critical care is a seven hundred million dollar business within Edwards. Could you give our listeners an overview of critical care and really what the core of the Edwards offering is? The core initial started Edward. critical care started with the Swan Ganz Catheter, that was actually invented out of Cedar. Sinai and many people know the kind of the story. That invention was just that It was sitting on the beach and said Hey. How do I get a good reading of a patient's pulmonary artery pressure, and it's really hard to do unless you're inside the heart, and it's really hard to get to that pulmonary artery position and figured out that if you took a you know, think about how sailboats work. If you blow up a balloon and let it flow really through the body like a sailboat. Sailboat it would land in the pulmonary position, and that was invented almost fifty years ago. by a Jeremy Swan Ganz out of Cedar. Sinai. That was the beginning of our business. And since then we've really expanded and focused on advanced Chemo, dynamic monitoring, really in patients in the ICU or in high risk surgeries whether cardiac surgeries or high risk, non cardiac surgeries that may be four patients that are very thick and that have surgery greater than three hours, so are being screw from the beginning with the Swan. Ganz Catheters, and now we do you know all kinds of pressure? Monitoring Technologies really focused on making sure patients. Are Stable. That's great actually didn't know the the history of the slum Ganz Catheters so that's fascinating. One one of the things that must be having a huge impact on your business is the current crisis were facing in vid. How has that Changed Your Business in in? How are you seeing? Critical care evolve through this crisis. It's an interesting I. Think for us. We always assumed so much of our business was in the ICU and out with the with Kobe hitting. We've seen it hit in various degrees, so for example in the UK They realized that they had a significant shortage of ICU. And so they came through and ordered like one point, two million DP or pressure sensors from us to stock up so that they could build out there I see us other countries like Germany or the US had adequate ice, you beds in different parts of the country of the US. We've seen some regional spike, but overall I think we've found in the US. We had enough ice. You better than in Germany. They have enough, but then kind of across the rest of Europe. They found significant shortages so. So, we've seen some spikes in demand, related to building I, you capacity, and then we've seen just various spikes in demand like regionally for example in New York and New Jersey. Of course we've seen some higher demand there, but on the flip side, probably fifty percent of our revenues come from high risk surgery, and so with the cancellation of surgeries, really across the US and the world we've seen the kind of downward demand or downward revenues for about half the business for the high risk of our procedures. Interesting. I didn't realize it cut both. Ways. I think the the the building of stockpiles are expanding capacity is interesting dilemma that I think a lot of companies are are facing because on the one hand, it's great from the near term business side on the other hand you wonder. What will purchasing look like in the future with these SORTA stockpiles? How do you deal with that are a that? Is that something that? You see is. Concerned going forward. Yeah absolutely like so. It's been interesting journey for lot of our products manufactured of the Dominican Republic and in the Dr. Reduction of human you know of of human capital in terms of the workers, because many of the workers that were over age sixty were no longer able to come to the work that reduced our capacity by about eighty percent, and meanwhile then we had this bike demand. So now. We're sort of getting back to a steady state where you know, people are able to come back to work, but it's been a really interesting short-term. And there's also the concern as you said like. We've had this surge in demand, so we've had to work double. You know three shifts, and through the weekend to meet kind of these spikes in demand building capacity, but we all recognize that that's not going to be sustainable, and it's going to go back to a normal state afterwards so mostly. We're just hiring. And trying to use extra shifts as a way to kind of manage it so that we don't all become over capacity by ourselves right permanently.

Edwards United States Katie Simon General Manager Of Global Crit Ganz Catheters Swan Ganz Catheter Jeremy Swan Ganz Pulmonary Artery Edwards Life Sciences Jeff Pardo Vice President Germany Medtronic President Trump Chemo Europe New York Dominican Republic UK New Jersey
Lollapalooza, Taste of Chicago and all other summer festivals are officially canceled

WGN Nightside

01:50 min | 9 months ago

Lollapalooza, Taste of Chicago and all other summer festivals are officially canceled

"No big outdoor summer events this year year in in Chicago Chicago the the last last few few that that hadn't hadn't yet yet been been canceled canceled for for today today WGN WGN political political reporter reporter Tamara Tamara Bradley Bradley has has details details on on the the financial financial cost cost to to the the city city from that lost revenue all outdoor permitted special events through Labor Day including taste of Chicago Lollapalooza the jazz festival in the air and water show have been canceled we're still very much in covert nineteen it hasn't disappeared we are not going to be in a position to have those kinds of large gatherings for some time Lollapalooza organizers plan to offer virtual event but that won't make up a quarter of a billion dollar economic boost the annual festival brings we look forward to welcoming that them back next year four months while Chicago lost millions in tax revenue the mayor was careful not to put a number on the deficit but today she did we're projecting the twenty twenty budget shortfall will be close to seven hundred million dollars mehr Lightfoot says the seven hundred million dollar figure is based on lost money and assumptions about the speed of the city's recovery but that number could grow bigger she says if there's a second surge of coronavirus cases later this year now Lightfoot in city council must chart a path for all options looting raising property taxes and outlook layoffs have to remain on the table also today the mayor laid out how she'd like to spend the more than one billion dollars in covert nineteen relief the federal government set the biggest chunk three hundred seventy six million dollars in airport assistance and direct covert nineteen response but other priorities including thirty nine million dollars for homeless services thirty five million dollars for small businesses and ten million dollars for mental health

Tamara Tamara Bradley Bradley Chicago Lightfoot WGN Reporter
Summoning the Courage to Change the Power Structure

Latino Rebels Radio

06:56 min | 9 months ago

Summoning the Courage to Change the Power Structure

"So. Gardner has welcome to Latino rebels radio. I. Thank you so much for having. So I have a lot to talk to you about and I know we are going to talk about covert and incarceration and health but. Obviously this week I think the entire nation was shook with what has happened in Minneapolis and I and I just wanted to get your thoughts about the death of George, Floyd or how? Trauma and how outrage actually? I WANT WANNA. Get your two takes like how you. How do you feel like looking being in a someone? This week in the middle of Pandemic when this is happening, but also just like the health implications of constant trauma, and I just had a really I'm from privilege, and I'm having problems with this, so I'm going to get your thoughts i. Yeah. We're in the same boat I. Today's my first day as President at Marguerite Casey Foundation. Got The right day. And I feel and. On. The one hand really devastated not only. Because of the murder of George. Floyd also because of the murder of Brianna Taylor, because I'm not of Tony mcdaid that. We are living in witnessing. Sort of the constant assassination of black people. By a state that does not value their lives and I'm really torn up about it I on the one side I feel. Like my sector, like philanthropy is often at the edges on not willing to be abolitionist, not willing to call on not only police accountability, imagining supporting organizers in leaders in our communities to imagine a world where detention and incarceration and policing aren't the only ways that we resolve the issues that we have with each other. and on the other side you know we really quickly as an institution, we put out. Six hundred thousand dollars to leading black led organizations in Tallahassee in Minneapolis. In Louisville. That are at the front lines, both of the abolition, the fight for abolition and and to try to address the issues that are happening today, and so the health consequences for all of our families for all of us is a extreme like. How can we imagine a different world a different future where being killed every day when brothers and sisters are being killed everyday when our aunts and uncles in MOMS and dads are held in detention and put into prison when our political leaders are. Corporate leaders are nonprofit leaders Fine the courage to actually step up and say we deserve better. Our families deserve better. Yeah, I'm devastated Julio. Frenk I I'm really glad you. I wanted to ask you that question and I. Really I really appreciate you like putting it in the context of what you do because I do think. In this world sometimes we're taught to you know. We can only stay in one lane, or and I think you know even me as a journalist like. I've struggled this week. And in the context of like Cohen teen in the context of what you wanted to talk about as well which I also think you know. It's funny because we just published on Friday. Three letters from migrant detainees inside of a immigration jail in Illinois. That, twenty, trans queer weblog reached out and we. We published their words. He's people are saying these conditions. You know I am worried I am. I'm not getting any help. I'm being dehumanized and we just decide well. These these letters came out so there's a risk because you're like they WANNA come out in public, but then when you come in public, it's like. It's a criminalized system. People are speaking out. Talk to me how this is interconnected in the in the work that you do because you're like the reason why we wanted to talk about what you're saying you. You mentioned abolitionist them. You've mentioned. Detention jails, and how this is how society is just not getting it especially now, especially during covert so. How do you begin to connect it all? Yeah, you know philanthropy is really weird, and on the one side I am clear that philanthropy isn't. Better of a functioning democracy and are robust and fare economy right that philanthropy exists mostly because he's our tax dollars that are not. That are awarded. And rich people, and then they're rich institutions get to be the arbiters of who is deserving of resources in a moment. What ideas are deserving of being lifted up? What leaders should be resourced, right? I. I I am clear that I'm like in A. that. I'm holding contradiction right that I believe in a functioning stage with the safety net that taxes are most. Wealthy at the benefit of all of us and I work at an institution that as as been created because of these failures and. I think that. Many of my peers in philanthropy have given up. The ability to actually contest for power to use these positions and the resources that we have Julio. We are one institution right? We have seven hundred over seven hundred million dollars in an endowment. That we get to us not only to try to supplant government or take the place of government, not only to create a band aid on the cancer that our communities are facing. We can use these resources to support leaders organizations to start to create evidence that our families can be more powerful to start to create evidence that our government can actually for us that it could be more responsive than it can look like us. That I can talk and feel like us. We can create evidence that our economy doesn't have to work only at the expense of our most vulnerable workers right. And many I think many of my peers don't see that

Floyd Minneapolis George Murder So. Gardner Marguerite Casey Foundation Brianna Taylor Louisville President Trump Illinois Cohen Tony Mcdaid Tallahassee
What crisis? Nasdaq nears all-time highs, defying toll of economic shutdown

Brian Mudd

04:39 min | 9 months ago

What crisis? Nasdaq nears all-time highs, defying toll of economic shutdown

"The president has he's noted he wants to see society reopen once see the economy reopen but we do want to do so safely and there are institutions that are put into place the social distancing measures yeah I had to you know we talk about the economy all won the baby get numbers that came and that was up from the Florida legislative office of economic and demographic research yesterday how big was the April hit two fours economy are pretty big we exceeded the the first quarter revenue estimates every month even March where things you know began to hit the skids but in April revenue came in twenty five percent below pre pandemic estimates and the shortfall your every year more than seven hundred million dollars loss revenue for the state of Florida just that one month and it's going to put additional pressure obviously I just on the state's economy but also the budget talk about governor de Santis the judicial nominations to be spring court wife doesn't big decisions on his on his hands here including the budget it was passed at a record ninety three point two billion dollars we are getting I nearly five billion dollars in relief under the cures act but it looks like there's going to have to be some significant budget cutting so we talk about the economy joining us now one of the preeminent condiments Stephen Moore you may call him at Stephen Moore on Twitter as stable we take a look at the economy right now there's been a bit of a disconnect I think with the economic reality purses yeah the stock market for example what do you see what's real and what isn't right now hi Brian good to be with you well first of all remember that that you know people have been asking me this question the last couple days like the stock market doing well when the economy is doing so poorly and and it's the first wall of stock market investing that the stock market is looking ahead right it's like you know what the economy's gonna look like you know two months from now three months six months one year two years three years down the line where are the numbers that you're reporting which are awful just awful I mean we've done significant damage to our economic infrastructure because of this crazy shut down which I think is three Bucks we'll look back and say this was one of the greatest errors and mistakes out of work you know in our nation's history but in any case we are where we are and the good news that the stock market is looking ahead at the Hague there is a light at the end of this tunnel that's why when I get up in the morning you know the first thing I look at is it a lot what is the stock market telling us not because I'm interested in greed of making money off of that making money everyone I'm like you know fifty five percent America that you have money in the stock market but I'm interested in what is one of the investors around the world think of the prognosis for the economy and right now you have a cat big stock plunged another wall we're only down fifteen percent of the stock market for more war before court of Irish ship that's an amazing statistic about a nasdaq is higher than it was today than it was before at the beginning of the year it's pretty wild how much of this though is the federal reserve backstopping trillions of dollars to end and popping that into the markets and then just investors having a place where they want to put their money ultimately so the what I just wrote a column on this the biggest danger other than the you know qualifiers right now is deflation we have we've deflationary economy I know when I see the people of Iraq we have deflation the fed has been poured money into the economy they've been putting a lot of money they've gotten by now stops at even lower interest rates but they need to do more not less that's because if you look at consumer prices they've been falling electric commodity prices have been falling remember what the office which is actually starting to make a recovery sell a lot you know at the beginning of a step back so we do need dot more dollar liquidity some people are gonna probably weren't alive I wish you more say that we've already put so much dollar liquidity in the economy that's because whenever you have an international crisis remember this is not just a crisis night stated happening around the globe the first thing that people buy weapons when you have a whether it's a terrorist event or a war or you know a major earthquake or natural disaster people flat why what we need to buy dollars so there's been a mass rush to buy dollars not bad have to accommodate that by putting more dollars into the economy so I'm I believe that that lack of monetary policy has been pretty much doing the right thing all they need to do more of it one of things we need right now by the way is to suspend the payroll tax you know it's just on the payroll tax right now so that you know you want to get people back to work like a business will help you got wanna give everyone of twenty eight million small business in this country aftermath without reduction okay all cost and then you give every single worker in America some hapless okay right what if your recovery that's the single most important thing we can do is to find the payroll tax

President Trump
Washington, DC - Va. Gov. Says April Revenue Down 26% Due To Tax Extensions

Larry O'Connor

00:36 sec | 10 months ago

Washington, DC - Va. Gov. Says April Revenue Down 26% Due To Tax Extensions

"Pandemic causing Virginia hundreds of millions of dollars in your governor Ralph Northam April Virginia's revenue collections were down twenty six percent that is about seven hundred million dollars less than we would normally collect Virginia finance secretary Aubrey Layne predicts the state will be down about one billion dollars by the end of June he says ask the state starts to re open they'll keep a close eye on how the economy responds and then by the time we need to re forecast our revenues will have some data points that we can use to give us a realistic view of going for

Virginia Aubrey Layne Ralph Northam Secretary
Boston - The MBTA Will Pay More than $900 Million for a More Efficient Way to Collect Your Money

WBZ Afternoon News

00:26 sec | 10 months ago

Boston - The MBTA Will Pay More than $900 Million for a More Efficient Way to Collect Your Money

"The MBTA is warning of a drowning in red ink and no clear idea of what future ridership holds unless it's gonna pay thirty percent more to develop a new fare collection system the T. already more than seven hundred million dollars deep in a contract with California's cubic transportation system to come up with a system allowing customers to use credit cards and smart phones to pay for tickets a reset of that contract now will cost the agency another toward billion with the projected delay until twenty twenty two

Mbta California
US may end funding to World Health Organization

WTOP 24 Hour News

01:08 min | 11 months ago

US may end funding to World Health Organization

"Asked world health organization as a fundraising drive for about seven hundred million dollars for coronavirus resources China is only doing needed twenty million the United States actually still even less so we do feel that trying should be giving more to this World Health Organization apartment comments on the estimation your system is running what we at this point we're reevaluating our our funding with respect to the world health organisation this is very consistent what president trump said since the beginning of his campaign organizations have to work they have to deliver the outcomes for which they were intended and we we need to make sure that it's not only the World Health Organization but every international organization that we take taxpayer money and give it to them for the benefit of America we need to make sure it's delivering on those taxpayer dollars the World Health Organization is no different in that respect we have they have to execute on the mission that they are designed to achieve in we've seen with respect to the World Health Organization here we are we have we have it hasn't accomplished what it was intended to deliver a secretary of state Mike Pompeii or earlier at the White House coronavirus task force

United States Donald Trump World Health Organization America Mike Pompeii Coronavirus Resources China President Trump White House
Bombardier Shed Snowmobiles for Jets, Trains. Now, It's Giving Up Both.

Airplane Geeks Podcast

05:42 min | 1 year ago

Bombardier Shed Snowmobiles for Jets, Trains. Now, It's Giving Up Both.

"First story comes from Forbes. Airbus buys bombard. Ea Out of Commercial Aviation for five hundred ninety one million dollars so this is by Marisa Garcia one of my favorites aviation journalists in with this deal bombarded is fully exited the series slash a two twenty program. I think Eh everyone knows that. Airbus took fifty point zero one percent ownership of the program in two thousand seventeen but now with this deal bombarded gets five hundred ninety one million dollars with five hundred. Thirty one million of dollars paid at closing and then the The balanced the remaining sixty million dollars is to be paid in installments through Twenty Twenty One Bombarded says with his deal they avoid a roughly seven hundred million dollar payment that it would have to make to fund production expansion so I think that's That's some serious motivation to to sell the rest to two Airbus an individual era. I guess if absolutely it is but it it gets better because today to A. They announced that they're not getting rid of their business. Aviation a division in that. They've decided to sell their their rail Rail meaning cars with steel wheels. That travel on the ground but So it's been it's been pretty Pretty volatile for the from the bombard employees. A bet you they're well they're probably breathing somewhat easier but they don't breathe completely easier until this is all closed. But it's a good place to start. I was Kinda surprised on the move to sell the the rail part of the business. And and keep the the business aviation but I thought the plane was going to be just the opposite but I don't know maybe I'm the only one that got surprised by that. Well just kind of odd because they had already sold several other portions of their aviation business so it kind of looked like they were getting out of that. So you're right. This does seem like a reversal of sorts. Okay but don't you guys don't understand bombarded by you really don't all right David Hillis? Tell us about bombarded. It's all about the snowmobile. I think he's right. I mean nothing else matters to bombard ebay. But they're Canadian snowmobiles. I mean I think that I think we should recognize that. There's nothing more important to Canadians than maybe Snowmobiles and snow and whatever that sport is where they brushed the puck down the ice and all letters can be sent directly to David Dot Com. All the Canadian listeners may not be happy but hear about this. I bought bombard. Ea problem with Bombardier was they ended up diversifying way. Way Too much. And I joke about snowmobiles but they do make snowmobiles and trains and airplanes. And you can't have that sort of conglomeration of manufacturing and and keep it together for any length of time. I mean without without government. Subsidy so I I just a little bit. But there's some truth in jest that you know they might actually eventually only be down to snowmobiles. Even though I believe the rail division was still profitable. That's what I what I don't understand. Well they did matter of choosing I mean because they owes serious money to the financial institutions. Up there Although I don't know that they're all in Canada I'm sure they most of them are but I think I saw something today. That when the Rail Sector Deal closes they're they're going to get something like six billion dollars or or something to put up against the nine billion that they oh so to them it was again. I. I don't know that they would have gotten that kind of money for the For the business side. Yeah 'cause the are one that would probably want. It is is textron. Well funny should mention that David. I was just going to bring up. I agree with your comments about conglomerates getting into too many different businesses so I brought up the textron homepage just to see what other kinds of businesses they have. Besides aviation and they make the The cushman vehicles. They make easy. Go Golf Carts. They make Arctic cat snowmobiles. They've got Jacobson specialized TURF CARA vehicles for cutting grass In the list goes on and on and on so it is kind of interesting parallel that You know textron has a kind of a similarly diverse group of products and they are leader in the aviation industry. That being said. I don't know how we're doing how well they're doing. I'm sure it's probably varies by by business unit. But it's interesting. I mean. I have a helicopter in my restoration facility that was built by Kelvinator. The washing machine company. Okay so I get diversification Does your laundry for you as well right. The spin cycle really kind of interesting. Is that what they mean by spends now I know

Airbus Textron Canada David Hillis Twenty Twenty One Commercial Aviation Marisa Garcia Kelvinator Bombardier Ebay David Dot Com Golf David Arctic Jacobson
Dallas: McClatchy newspaper chain files for bankruptcy

KRLD News, Weather and Traffic

03:31 min | 1 year ago

Dallas: McClatchy newspaper chain files for bankruptcy

"The owner of the fort worth star telegram files for bankruptcy saying it's got more than seven hundred million dollars in debt KRLD is out of the sky a talk to their business analyst about what it means for the newspaper industry McClatchy owns a thirty newspapers across the country it's the second biggest newspaper owner in the country the fort worth star telegram is it's only paper in Texas Carol the business analyst David Johnson says all newspapers been trying to figure out how to draw an audience when people will not wait until they're newspapers deliver the next morning to get their news this is been like an iceberg just sort of slowly moving every company recognizes they have a lot of exposure they've been trying to restructure and they've been trying to find relevancy this is a challenge for newspapers why do you need a newspaper why do you need the content they've got aggressively into digital the got a half million people that are paying for digital service may and they're trying to find some relevance Johnson says that quest for relevance has led to a push for more digital content he says that includes posting articles online the papers have also been focusing more on video and slide shows the newspapers have seen this coming for a long long time and the question is you know how do you stay alive in doing this the the the New York times the Wall Street journal The Washington Post have all been very successful in the online business but the question is what happens to these smaller these mid size and small town he says papers have also started working together on projects that are covered more widely of the star telegram worked out a deal with the Dallas morning news some time ago and they sure they sure journalists you know why I have a morning news add a star telegram guy both covering the ranger games but Johnson also says part of the problem is pensions a class she bought another chain of newspapers in two thousand six you know here's the rub though the bottle and sold a lot of newspapers over time they bought the star telegram in in six from knight Ridder and then they went in and try to cut costs and so they talk to the employees is a well we're going to give your retirement package we're gonna make it attractive for you to leave to cut down their overhead well all of a sudden you build up a big obligation for pensions back in January they also they were going to have to not pay some of those pensions for a while so would working out this bankruptcy one of the biggest obstacles was working out something with the pension benefit guaranty corporation because you can't just have people that you promised it alive time retirement the bankruptcy filing asks for sixty percent of the debt to be eliminated Johnson says those people receiving a pension maybe worried at that could lead to them getting smaller checks in some cases what the P. B. G. C. will allow them to do is go back and say well instead of paying a hundred percent you can pay of you know sixty percent of what you were what you had guaranteed yet that keeps the company going perhaps but what about that person who retired thinking they were gonna get X. amount of money other only getting sixty percent of you know those are the real casualties the client uses it received at fifty million dollars from a financing company to keep running during bankruptcy proceedings and if the court approves the deal the thirty papers will be turned over to the hedge fund it's also McClatchy's biggest creditor the nonprofit pen America says it works to defend free expression in America says that twenty percent of all newspapers in the United States of closed since two thousand four in print journalism has lost forty seven percent of its jobs newspapers of lost forty five eight billion dollars in ad revenue Alan sky newsradio ten eighty

"seven hundred million dollars" Discussed on 77WABC Radio

77WABC Radio

04:01 min | 1 year ago

"seven hundred million dollars" Discussed on 77WABC Radio

"The Winnipeg Jets it is something you never heard of but look it up myself Newark New York like New Jersey you could write you could almost make that it's an end you U. K. see that's the knock probably not because I'm not not not not hot he was you know it's not for sale so everything is for sale well I did say hi to average a lot but it is true well the thing is to sell in fact Denmark is losing seven hundred million dollars a year at first of all it's a Danish colony excuse me colonies went out you know in the nineteenth century and by the way you know a continent Greenland happens to be in North America that's right yeah it's ours I got it we ought to just take it hello bungalow colonies are still to this bungalow colonies it is owned by the cross him the intuit Indians actually live there fifty eight thousand into with India and such to listen we use me anyway yes those are the the most commonly found people Indians in Ireland well yeah just like Eskimos in Alaska in Alaska which by the way we bought in the eighteen hundreds the you have the loops in the Aleutian Islands there native Indian population right so we could we could we could we could let them run the casinos right for example absolutely both the hard rock and let's go out on the phone right now there's a lot of a one year old is minerals and if a global warming is true it's gonna be it's gonna be one hell of a water way in you know what they say ten years is that will battle rock says AOC I mean they said eight one moment okay sell itself it melts by then we have worn away from here to there like you never saw before and so we should take a bit with minerals galore we take advantage out why not just take a problem the way the kill the people that are there until no no no don't do that we form held the dangers that the prime minister by the way who said that it's not for sale you know this Danish prime ministers she is the same woman Obama was hitting on mentality at Mandel's filters permit on right now that's right I'll never forget that picture Machel looking over like who is this white **** your talking to so Rachel Maddow was all over this trump wants to purchase Greenland thing and well she was very astute about to take a listen don I heard Greenland is looking for a king with dictatorial powers and you get like ten planes I heard I heard you could totally do that if you gave up being present and you went there and ask them I hear they're super interested in there's like a secret compartment in the presidential limousine and always have big macs and this woman second you know what she does and I do watch or occasionally fact I do watch I'm a semi truck touch with Chris Matthews on a product which she does it's really annoying she giggles a lot during her delivery and once he does that is to make something sound even more ridiculous and often it's about something about president trump so she does that giggling the lamp being the to make him seem even more comical then she wants to just buy the verbiage that's for delivery and I find it to be really condescending and annoying that was just stupid almost it's unlistenable images from that little clip but the then again that's not indicative necessarily now the president is going to have to kick her **** yeah big time ever since the Russian collusion thing dried up price she spent she's tried us she yes I'm certainly is not only that those the Russian collusion thing is now and it was a present from well green and I don't know I got released somehow it's just something we talked about Denmark essentially owns it we're very good allies with Denmark we projected Denmark like we protect large portions of the world so the concept came.

Winnipeg Jets New York New Jersey Newark seven hundred million dollars ten years one year
"seven hundred million dollars" Discussed on WCBS Newsradio 880

WCBS Newsradio 880

04:50 min | 1 year ago

"seven hundred million dollars" Discussed on WCBS Newsradio 880

"The week that you like the big news this week of course is Equifax you recall that about two years ago Equifax announced that they got breached and their data was hacked one hundred fifty million Americans yeah a hundred fifty million Americans had their personal information stolen nobody sure who the thieves war some argue that they were crooks are gonna you know buy stuff on Amazon in your name others argue that their foreign governments doing the spying game who knows will I'm not sure we'll ever find out bottom line is this Equifax's old more serious breach than any of the others because this is Equifax this is the credit reporting bureau they have every thing about you not just your name address date of birth social security number that's pretty much by so many folks all over the place they have all of your financial transactions they've got all of your bank account numbers or credit card numbers in many cases your investment account numbers they've got all kinds of data and all of the contact well they've now settled with the F. T. C. forty eight states and the district of Columbia plus Porter Rico and the C. F. P. B. the consumer financial protection bureau Equifax's gonna pay nearly seven hundred million dollars I know by the way four hundred twenty five million will be restitution which means if you were harmed as a result of this breach you will get reimbursed Equifax will pay for credit monitoring as well as out of pocket losses related to the breach you've got a file a claim don't do it yet the claims process hasn't yet be gone I will tell you when it starts most likely this fall and you can either tell them that you had out of pocket losses or you have a couple of choices you can request a one hundred twenty five dollar cash payment that's what apparently Equifax and the negotiators field your data is worth a hundred twenty five Bucks or they'll give you ten years of free credit monitoring all by the way you can get up to twenty thousand dollars in reimbursement but only as a reimbursement of expenses you actually pay now as a result of the breach for example did you lose money from unauthorized charges to your accounts did you incur costs in freezing or unfreezing your credit report to join her costs and signing up for credit monitoring did you incur costs for lawyers and accountants to help you deal with your privacy facts did you incur other expenses like notary fees document shipping fees postage mileage phone charges did you spend time working on all this you can be compensated up to twenty hours a twenty five Bucks an hour all told up to twenty thousand dollars you can get back just great yeah good luck with that the amount of paperwork you would have to file to prove that your data was misuse and specifically miss used to do to the Equifax breach as opposed to somebody else's breach you've got to have a paper trail you got a show when he lost funds weren't reimbursed by a bank or credit card company you got to be able to show the time you spent bottom line is I think a lot of Americans aren't going to bother attempting to collect any reimbursement and many of those who do are gonna get allows a hundred twenty five Bucks meanwhile on a little bit of a happier note I'm not sure if it's happy or not but there's a big conversation we've had on the radio show here in the past month or so about E. S. G. this is an investment conversation what I ask the simple question do you believe in investing in a manner consistent with your values I think most folks would agree with that I mean there are a lot of folks who say I don't want to invest in tobacco stocks or in alcohol stocks I don't want to invest in companies that manufacture nuclear power plants I don't do invest in gun manufacturers I don't want to invest in casinos that kind of thing right but that's okay it's understandable we might feel that way but you need to recognize that when you attempt to implement an investment strategy consistent where your beliefs you'll discover it's far more difficult to do than you thought you are likely to be disappointed in the outcome in fact Hester Pierce takes it a step further she is one of the five commissioners on the SEC and she spoke at the American enterprise institute this past week and she said the corporations are being unfairly maligned by proponents of ESG that's the movement behind this socially responsible investing ESP refers to environmental social and governance.

Equifax twenty thousand dollars one hundred twenty five dollar seven hundred million dollars twenty hours ten years two years
"seven hundred million dollars" Discussed on WCBS Newsradio 880

WCBS Newsradio 880

01:49 min | 1 year ago

"seven hundred million dollars" Discussed on WCBS Newsradio 880

"The mayor and governor both say this cannot continue with con ed more than half the fifty thousand who lost power last night lasted because Khan added self turned off the power to them to prevent blackouts from spreading con ed says it was the overhead lines there were over heating this weekend and these issues were after Sirius subway problems on Friday evening DOW futures are up fifty eight points Equifax will pay a fine of seven hundred million dollars for its neglect in protecting the data of customers who don't even do business with Equifax but must let it hold their data to get loans TV Ameritrade says it is working on a system that would lead drivers check their stocks while driving via voice commands the Wall Street journal explains one reason there are so many vacant storefronts is not all because of the Congress but landlords are still not dropping rants enough for the current market because they have to keep the suppose it book value of their properties as high as they wore to keep their loans and they'd rather lose rants they lose their loans the union says buzzfeed news has agreed to recognize the union the union says we reject the argument that we must choose between freelancing and a hell scape good kana me for vampire platforms there's a unionizing wave across digital media companies and Netflix has signed its first agreement with the AFTRA SAG performers skilled I'm Joe Connelly for Bloomberg and WCBS newsradio eight eighty comes again lunch will be the same old same old.

Khan Equifax Wall Street journal Congress Netflix Joe Connelly Bloomberg TV Ameritrade buzzfeed seven hundred million dollars
"seven hundred million dollars" Discussed on This Week in Tech

This Week in Tech

02:03 min | 1 year ago

"seven hundred million dollars" Discussed on This Week in Tech

"Hope so there are no others except that's going to be a little easier yeah yeah no kidding actually speaking of it any theft. I was very thrilled to hear that looks like they'll be a seven hundred million dollar fine for Equifax in the works. This is a settlement of I don't know how many states attorneys general are suing probably all fifty <hes> the <hes> the <hes> federal government the Department of Justice the Federal Trade Commission and they made a package deal looks like seven hundred million dollars and promise. It'll never happen again in key sweat I promise right. I don't know it sounds like a lot of money but when you look at what let's talk prices done since it's not really going to affect them that much it's the same thing with facebook slap on the wrist by the William for facebook. Yeah I mean it's not that much no eh one G._D._p.. A dozen shown these people on a percentage of their revenues. They're promoting that be a great way to get tech accounting out of the way and companies might actually take seriously glad there was some punishment. It felt like kind of gotten off Scot free effect all all the evidence was they'd made money on the breach selling you know now facing prison so I'm trying to make money on the breach in a different way selling Hsieh's early right yeah that's <hes> I think the senior execs can get away without won't because the proof just isn't there but yet Ciampi plum revenue not just these albuquerque numbers part of the problem also was that <hes> Equifax didn't tell anybody for three months and that's one thing G._D._p.. Are Fixes say seventy two hours I notice but given the amount of time they had it was an an awfully amateurish attempt. That website didn't work they go to main hijacked. It was to stand three months to several executives as soon as they heard about the breach. Don't tell anyone then sold their stock so that was that wasn't cool. That wasn't cool. That wasn't nice and to this day. If you sign up the tryon freeze your credit or do something else you'll just be bombarded with spam emails asking you to sign up for super dark web.

Equifax facebook theft Federal Trade Commission Department of Justice Hsieh Ciampi William albuquerque three months seven hundred million dollars seven hundred million dollar seventy two hours one G
"seven hundred million dollars" Discussed on KYW Newsradio 1060

KYW Newsradio 1060

04:37 min | 1 year ago

"seven hundred million dollars" Discussed on KYW Newsradio 1060

"Will send about seven hundred million dollars this year alone to help fund mass transit around the state in Valley Forge Mike Dharti KYW newsradio some politics this morning the state of New Jersey is joining New York and Connecticut and they're all filing a federal lawsuit and it has to do with the president's ten thousand dollar cap on federal deductions for state and local taxes on your federal return Allen said they hope they can win the story from our South Jersey bureau chief David Mack the suit contends the cap made official by the treasury department last month flies in the face of over a century of traditions thirty five years of legal precedent in laws in more than half of Americans that allow tax revenue to be considered as charitable contributions for various causes New Jersey Attorney General could be a great wall these tax credit programs were just fine with thirty three states have them but when you Jersey New York and Connecticut followed suit the IRS adopted rain your rules to shut them down the suit seeks to block the cap it's estimated more than half of New Jersey homeowners took a hit when that cap was imposed however when the state adopted the charitable donation loophole not one municipality took advantage of it supporters suggests that was because flight was almost certain and they wanted to see how it ends up now they will starting before judge in New York David Madden KYW newsradio important news to know about at the Jersey Shore strong rip currents down there and the captain of the Ocean City beach patrol that's Brian both says that those kinds of conditions can even catch them best of swimmers off guard if you feel yourself being taken out don't swim straight back to shore you want to swim parallel with the beach rip currents often create a brownish streak in the water and eliminate most of the waves in that area trying to stay as calm as you can and call for some help and get other people's notice and get but like architecture he went on to tell us it's very important to swim only add guarded beaches where you can get the help if you need prosecutors are dropping the sexual assault case against actor Kevin Spacey and here's why officials say the case could not go on after the alleged victim invoked his self incriminating right to testify earlier this month the former house of cards star was accused of sexually assaulting an eighteen year old man a twenty sixteen at and then talk to bar and charged with felony indecent assault and battery Kevin spacey's lawyers had accused the man of deleting text messages that would support the actor's defense the man invoke his Fifth Amendment rights during a hearing concerning the whereabouts of a cell phone which was missing space he denies the allegations he's faced several allegations of sexual assault and harassment since twenty seventeen I'm Joe Ramsey talking about the security questions and issues all surrounding the southern border crisis at the border we'd like to address this problem at the border not have people released waiting for a court hearing that could be five years in the future the best way to do that is to hold them in an appropriate setting for families together while they go through an immigration proceedings in an interview with CBS evening news anchor Nora o'donnell acting homeland security secretary Kevin medically it says since the deaths of at least for migrant children in US custody he's been worried about more deaths he says agents at the border are doing all they can we've got sixty percent of our border patrol agents doing processing care transportation medical and hospital watch as for the overcrowding at the detention centers that's been a result of lack of funding to provide all the services that we like to provide you prioritize children obviously we prioritize families for the second and single adults are are the third to get that kind of humanitarian support that Piper CBS news some health news to tell you about this morning there's any coli outbreak it's hitting seven states including Pennsylvania and New Jersey dance all willing for ground bison meat more than twenty people in seven states have gotten sick with the E. coli in the CDC's column Bassler says ground bison is the culprit at this point in time it's only ground bikes and products so people are eating bison burgers in restaurants but we have some people who reported purchasing ground by saying at grocery stores this is nearly fifty percent of the people who have gotten sick ended up in the hospital the ground bison was from Canada and distributed across the U. S. consumer should check their freezers to see if they have any of the recall bison and if you order by senator restaurant make sure it's thoroughly cooked Sabrina Cuba for CBS news Atlanta and now it's time for sports the report is sponsored by septa.

Mike Dharti seven hundred million dollars ten thousand dollar thirty five years eighteen year fifty percent sixty percent five years
"seven hundred million dollars" Discussed on The Filmcast

The Filmcast

03:09 min | 1 year ago

"seven hundred million dollars" Discussed on The Filmcast

"H poorly, but it really was a great demonstration of how you could rebooted franchise with younger actors universals characters x-men days of future past that movie made over seven hundred million dollars worldwide when it came out, and it managed to combine two different versions of those characters a feat that I am still impressed by and you Dead point. point line juggling by the way, these in the first ten minutes days of future past. There's a great little, you know that whole action sequence in the future. They set up all these things like it's, it's so well done. You gotta Logan in two thousand seventeen which also did extremely well. And then the deadpool phones, which were massive hits, not quite connected. But you know enough. Scenes that take place at the x mansion. But yeah. So like overall, there's a lot of highs a few lows. But a lot of highs. And so, I think we were all hoping that at the very least dark Phoenix would kind of bring this franchise to a satisfying conclusion that you're like okay, hey, we spent so many hours with these characters at our beloved that our beloved. It's like, hey, like this, this kind of puts nice little bow on it. You know, makes kind of worth it. She. Did you hear what the kids are calling you? Phoenix. Hello, jean. Who are the better question is, who? Some things happening to me is controlled seems. But it feels could. Power destroyed. Everything that ever came into contact with. Until you. The next men fear. What they fear we seat. She'll kill us. What did you think of dark, Phoenix Devendra? Well it t- now. It's not great. How about that? It is. It is kind of everything I feared. But a you know, you have to say, like this is not. I don't think it's a terrible movie. I don't think it's the worst X men movie certainly x men origins will is worse than this. Extra apocalypse is movie. I loathe, the more I think about it. This is a pretty standard XM movie with some pretty, you know, solid set-pieces early on. There's a sequence where the X men have to go into space to save, astronauts, from the space shuttle, so they take the explain they just take into space. This is great. We'll sequence where night crawler has to like teleport through space. It looks really cool. Like there's a lot of good stuff here. But yeah. Kind of falls apart because this is trying to tell the epoch dark Phoenix saw that is that thing you know, beloved in the comics was kind of a defining thing for Jean Grey's character kind of hard to. Do as a movie. Verity failed to do it in extre- will this this'll be basically the third time we've seen the dark Phoenix story..

ta Logan Phoenix Jean Grey x mansion Verity extre seven hundred million dollars ten minutes
"seven hundred million dollars" Discussed on 600 WREC

600 WREC

03:00 min | 2 years ago

"seven hundred million dollars" Discussed on 600 WREC

"And the charges are relatively small. They're saying they're not exonerating him. But he's maintaining his innocence. What was weird unusual about? This case is just how quickly this happened. How sudden this happened? They went from indicting this guy in sixteen pounds less than three weeks ago. Dropping charges against him. They did. There was no forewarning to the Chicago police department or witnesses in the case, which are typical courtesies. And this how how the case went down more than even the substance of what? Deal. They brokered is what's shocking to legal experts in the police community. And what about the Cook County state's attorney Kim FOX what's the intrigue surrounding her right now. Kim FOX weeks ago, even before smallest charge had recused herself. From this case, what we later learned was that she had some pretty interesting interactions with a family member of small at as well as Tina Chen, who's a high profile Chicago attorney, but it's probably better known as being pillow bama's White House chief of staff when Michelle Obama was the first lady between two thousand eight and two thousand six. Fox did recuse herself, but emails and tax that she released showed that after Chen and smaller families urging as the investigation was going on. She had pressed a Chicago police superintendent, Eddie Johnson. Pass on the investigation to the FBI. And this bizarre case one of the most bizarre once we've we've all kind of heard in a long time doesn't exactly help Chicago's reputation right now when it comes to law and order, which has taken a beating in recent years. What are some of those lingering issues? Well, that's right. There's obviously the issues that we've talked about before violence rate city has one of the highest per capita homicide rates and the country. Police brutality has been an issue. The city is paid out more than seven hundred million dollars in settlements and legal fees since two thousand ten and there's just a general distrust of police what questions though that this raises. Is there a separate level here of Justice for celebrities and people with influence than there is for the everyday Joe that might run into police get caught in the legal system. This is highly unusual of how quickly this one definitely was. Thanks are USA today. National correspondent armor Mahaney joining us from Chicago. Sports on the program. Brought to you by ZipRecruiter hiring is challenging place. You can go or hiring simple, fast and smart a.

Chicago Chicago police department Kim FOX Tina Chen Michelle Obama attorney USA FBI Cook County ZipRecruiter Mahaney Eddie Johnson superintendent Joe chief of staff White House seven hundred million dollars sixteen pounds three weeks
"seven hundred million dollars" Discussed on WIBC 93.1FM

WIBC 93.1FM

02:13 min | 2 years ago

"seven hundred million dollars" Discussed on WIBC 93.1FM

"Oh my goodness. My answer. Yes. I am. Okay. With this. This is fantastic. If you wanna take pictures here, Luke over here kids, that's where President Clinton and Monica lay down did the hippie deputy. She's yeah. I'm totally okay. With fantastic. I've never wanted a story to be more by life story right here. President Clinton taking over the tours of the White House and pointing out were Bill and Monica. That's an alone time fantastic. Oh, that's great. Last one. Is this anything over the weekend? Bano YouTube frontman Bono was railing against capitalism. Can how awful capitalism is what what's the net worth on. What are we got seven hundred million dollars? Yeah. Yeah. That's a little hypocritical. Seven hundred million dollars is the net worth of. Railing on capitol as just staff now go this thing like musicians, I hate musicians. Just stop it. Please just do your thing. And the have to throw it your CD's your DVD's. Your if you hate capitalism so much just give me the money. I love it gives me all enjoy a hundred million yacht with the one of those. Three. Absolutely. Brian Baker is in for big knives. Coming up next our Powell guy. Ralph Byrd the guy's gonna come in here. He was over at the Indiana general assembly earlier today, laying the groundwork for his new Bill that's gonna protect people doing the right thing. Okay. We'll talk to guy about that. Right. After the news. What Stanley monkey tweet why PC mobile news on the level on the go. What's up with this weather, light rain? Thirty six degrees. Falling temperatures tonight will be in the single digits with subzero wind chill tonight and tomorrow. I'm staying Lear. Here's what's trending at five thirty. I this metro police are investigating an accident that has taken the life of a child on Ashland avenue, their thirtieth and shade land confirming little more at this point. Except that the child was killed.

President Clinton Monica Ralph Byrd YouTube White House Bill Indiana Brian Baker Luke Bono Seven hundred million dollars seven hundred million dollars Thirty six degrees
"seven hundred million dollars" Discussed on FinTech Insider

FinTech Insider

04:19 min | 2 years ago

"seven hundred million dollars" Discussed on FinTech Insider

"I with a takeover with up to seven hundred million dollars world, I are a UK currency transfer service, and they of currency exchanges that purchase more than fifteen billion dollars a year and has won six hundred employees DALE'S seen as a neighboring financial to further at some visions in the global out with its mobile payments alipay. It follows their failed bid to buy the US money transfer business money Graham last year, which I believe was blocked by a branch of the US government if I'm not mistaken. Yeah. Heading makes total sense that that would they'd go after push company. They didn't have the same trade wars that are going on right now with the US and also wealth fast has been taking steps to become the fest. Foreign family, granted license, and that would allow it to operate in China's pay. Services sector. People are also in talks with the Shanghai financial services office about getting a local license, but some of the work that was potentially already being done. They knew there was an appetite there. So of the companies that are printing the space and maybe revolution transfers too expensive. Now but world I have been in that chasing pack for quite some time as one of the currency transfer businesses focusing specifically on several remittance corridors believe India's one of the largest remittance corridors as the broader Middle East region. Financial you can see where this is quite strategic. I sometimes think that this might be the option for the world of currency exchange. Now, there are so many out there and people revolu transfer like the ones you mentioned there really the hottest tickets the ones that young people are going to casino that they're gonna get a good deal with them. So you see these in almost incumbent currency exchanged still kind of lumbering around the doing lots of money still. But you wonder what their future is going to be maybe takeovers the way forward, so consolidate emanate that sort of stuff seem seems inevitable, and if you've got a big Chinese buyer who's going to pay a decent rate for some company that was I believe privately held its just holdings all over again. In the UK is a prime country for foreign takeovers, especially from Asia. And this is all we're seeing. Although it was interesting that sometime not share the governments that they will looking at legislation which would enable them to even undo take as they thought were to anti competitive and would harm the UK standing this doesn't it like it's going to be one of those. I mean, if it was transformed, you never know. True. What you sent me that another one very recent news applet, right? Visa looking to acquire thought for about two hundred million. They do exchange as well. It's not the only thing they do. But just another example if you don't make it to this scale of transfer wise it so the revolution. Then potentially Ernie option is to be acquired. It might not be about come for the founders, it might not be about outcome for the employees. If you. Working especially with somebody like an financial Nali pay. What do you think the sits in the financial strategy? I mean, we we had a couple of Dutch guests late last year talking about how Ali pay is popping up all over the Netherlands. We've got a lot of friends in the navy region. Saying Ali pays is almost ubiquitous now will we start to see I I'm here in the fintech. Bubble of London. I hit certainly haven't seen it much. But I could be just that could just be my observer bias. A hot spots in the U K, but Mamie ones that traveled to by Chinese tourists vista village accepts we pay not pay and there are a few shops around here that will also do the same. Yeah. So I almost feel like it's probably a move that will enable tourists to do more with alipay account because they'll be able to get will be encouraged to use that service more when they are because they'll feel like they're getting a better exchange rate or something something similar along those lines. I think it's also just sign they want to get out of pay out there. Bit more currency exchange services may be through hold money. Nj VP will think oh, I could use this when I'm abroad could use this to send money to X places. Interesting combination of existing strategy. They've had for quite some time that is being extended. What do you think the remittances piece plays into that?.

US UK Ali Shanghai China Middle East Nj DALE'S Graham India Asia VP London Ernie Netherlands Mamie seven hundred million dollars
"seven hundred million dollars" Discussed on Here & Now

Here & Now

03:31 min | 2 years ago

"seven hundred million dollars" Discussed on Here & Now

"And then slowly you get to the point where you have more inclusive casting, and then you get to the point where creators of color, you know, writers, producers and directors get a chance to tell their stories, and then you really get, you know, allied diversity of depictions and sort of feel like with Asians, and in particular. With Tinos were just now getting to the point where Hollywood is allowing creators color from those cultures to direct their own movies to write their own movies. And so you know, I feel like you know, black folks have kind of been in the situation a little bit earlier, but now we're finally reaching that point with other non white ethnic groups, and we're getting great movies out of, well, speaking of African Americans in film. Let's talk about Black Panther because this film did so well, seven hundred million dollars in the US. That's only the third film in history to do that. As we said, here's a scene from it. Black Panther confronts his nemesis in front of the Royal family of the film's fictional country will conduct. When I reason I can't stand his because I know. What do you want. I want to throw. I'll sit here comfortable. Must feel good. It's about two billion people all over the world. It looks like us, but there are a lot harder kinda has the tools liberate them all that was such a great movie. I loved watching that film. What about though the the difference? I mean, you as we said, usually cover television is TV doing a better job than film of of representing diversity. I think in terms of diversity in front of the camera definitely were seeing a better level diversity in the cast. You know, I spent a lot of time in Los Angeles earlier this summer talking to the the producers and actors and TV executives about the fall TV season. And you know, we're gonna see more show centered on Latino characters than we've ever seen before. We're seeing lots of shows on the big broadcast networks that have diverse casts. It's not quite as rosy picture behind the scenes. When we look at people who are allowed. To to create their own shows who are allowed to be the top executive producers even among the directing ranks. You know, there's a lot of work to be done and diversity behind the scenes. I and what's interesting. You know, we played that clip from Black Panther. And in that one clip, we get a sense of African culture portrayed. We get a sense of African American coal writer, trade. We get a sense of the tension between those two cultures. And I think this is what happens when you have a director when you have script writers, and when you have cast that is, you know of the culture that they're talking about, and so they're able to really kind of get in there and really talk about some of the nuances in a way that might be harder for people who are outside of that culture to depict. It's not impossible, but I do think that's the thing that you get that authenticity that you get when you allow people of color tell their own stories. And now Hollywood is learning that you can make money doing that right. So so I, if if we're not seeing that happen as much as it should, even after we have examples, after example of movies making money by doing that, then you have to ask why isn't happening?.

Hollywood US Tinos Los Angeles director executive writer seven hundred million dollars
"seven hundred million dollars" Discussed on KQED Radio

KQED Radio

02:45 min | 2 years ago

"seven hundred million dollars" Discussed on KQED Radio

"Evening to all of you what a great night that governor by the way was andrew cuomo who's the son of one of the previous governors mario cuomo who tried to build the second avenue subway today the project is cost four point five billion dollars making it per mile one of the most expensive mass transit projects in history oh yeah it also came in about seven hundred million dollars over budget and here's the best part all that money and time when into building just two miles of tunnel and three new stations not the eight and a half miles fifteen stations in the original plan those are still to come dr h season a deadline this badly missed comes from some unexpected developments to be sure but also deliberate deception quite frankly most of this mega projects are being started by people that never end them and talking about elected officials so because they're the ones that make the decisions they will have aggressive schedules and optimistic budgets why because they will have to show their constituents that this is done now if you start a project today chances are that someone else will finish it so i'm gonna take the view that i'm on on the job now i wanna get to be reelected for the next four years we're going to be efficient and do all of these things and then you're gone so now comes the next sky or women and says holy is going to cost another i don't know half a billion dollars to complete it so a lot of these projects with they've never actually happen if people were in this unfortunate truth unless they presented a more optimistic view then actually would be the second phase of the second avenue subway line another one and a half miles is now under construction it's set to cost six billion dollars and open between twenty twenty seven and twenty twentynine how much dr h be willing to bet on a timely on budget completion i'm not a betting man i only bed one i am sure that i can win right i wouldn't bet on that at this point and how about his chances of someday writing the entire completed line all the way from downtown manhattan up to the bronx may no i have no expectation or or desire to live that long.

andrew cuomo mario cuomo manhattan seven hundred million dollars five billion dollars six billion dollars billion dollars four years
"seven hundred million dollars" Discussed on The Jock and Nerd Podcast

The Jock and Nerd Podcast

01:40 min | 2 years ago

"seven hundred million dollars" Discussed on The Jock and Nerd Podcast

"The opening weekend's gross people ought to watch for some fucking reason why wedding they wanna go out to the movies i don't think it's a huge disappointment or a failure it's still a great opening weekend but solo comes out next week as one week until solo out or not make nowhere near as much money as it did the first time but combine these movies the first movie made like seven hundred million overall this this is a billion dollar for inch is now dead for fox billion three hundred seventy two movie clint it's it's life mystically look that's how it's not a billion franchise deadpool wasn't made seven hundred million dollars over a billion in its one movie but the franchise consists of two movies okay fine but it's not it's not a consist you're okay fine you said what i mean it's it's spin though the way you're saying it's a little bit span tries made a billion not a billion it's not like a vendor's where you released one move one okay he's gonna make dollars well what do you think of these these numbers here anthony about what you expected or should they have more shit i don't know i mean i thought it would have beat the first pool right i mean it's still a pretty solid opening it's very for an ra young and especially considering the competition and it being no summer that's the thing like isn't it weird that like a movie that was so loved got so much great word of mouth didn't bring people back to the theaters interesting in in larger numbers is it fatigue uc larger numbers so that is a little interest this is the first movie of superhero movie the.

anthony seven hundred million dollars billion dollar one week
"seven hundred million dollars" Discussed on How Did This Get Made?

How Did This Get Made?

02:19 min | 3 years ago

"seven hundred million dollars" Discussed on How Did This Get Made?

"That's how you're starting this seven hundred million dollar movie words we go there it is take a look this is how we movie symbol of the movie and his three right so you meant to believe that like oh they really worked out the king well yes i mean this is very strange it's an alternate universe where like it's nineteen thirties the is never not moving every movie is like doesn't go on bre doesn't so there are moments in this movie where text is all over the screen like they're when they're typing at the office yes that's what i'm talking about the read all this shit all right sure i'm getting this number three new york dogs okay back police the scientists polly perkins she wrote back oh okay chronicle here i must be where metro division it's worth fighting okay our fees scientology mill all right so much text too much text it's very important to the movie i like when the guy on the hidden hindenburg is like oh i'm going to tell you the super secret thing and then they turn back and he's gone he's still on the blimp somewhere i promise but they also make it like he's gone and then they do another shot where you see him walking off the blimp so it seemed like i was like is that scientists missing i hope that comes back i hope there's text about that at some point i'd like to know what happened with that scientists hope he's not missing also i gotta say i thought that the it was pretty anti climactic docking with the empire state building no one seemed excited about it it was the first that was front page news you would think people like hey there'd be some level of excitement he walks off as if he was like the last person out of seeing like a matinee of a quiet it's like the middle of the week that was good i enjoyed it that was fun.

york polly perkins seven hundred million dollar mill
"seven hundred million dollars" Discussed on KSFO-AM

KSFO-AM

02:22 min | 3 years ago

"seven hundred million dollars" Discussed on KSFO-AM

"Of the means of exchange block one raised seven hundred million dollars in its initial coin offering this year it's a software startup and they acknowledge they don't plan to sell any software and they described that what they are selling quote has no purpose okay and yet investors have given it seven hundred million dollars these people i believe are insane a hundred and sixty five companies have raised more than four billion dollars this year in initial coin offerings companies that are not yet doing anything in business have no certainty that they're going to ever succeed in doing anything business no certainty that those coins are going to have any value the the future and yet they've raised over four billion dollars globally what's facet end as the big word that i take from this rick has if you look at the cryptocurrencies and these initial coin offerings it's not like it's at a miracle in fad or just americans are buying these investments for lack of south koreans are all over this there's theory that north korea has been hacking sites to steal bitcoin fund government operations so it's really a global i guess investment craze or mania i'll i think either is a fair explanation and so the question is what happens next in the mania if it's a bubble and they're pretty much everybody agrees that is the question is is the bubble about to burst doors the bubble yet tiny and has a long way to go all of that is unknown what we have to acknowledges that bitcoin is not the same as bini babies it's not the same as the tulip craze for one simple reason there was no fundamental economic justification for tulips or bini babies but the bitcoin as a digital currency does have a legitimate potential in commerce we don't know yet if its potential will be fulfilled or if it'll be eclipsed by one of the other two thousand currencies that exist or currency that doesn't yet exist what which say the us government might invent so we don't know if this is worthwhile and we certainly don't know if the price is going to go yet higher or fall back down when people believe that the next big thing is better than the current big thing for all these reasons our message to you is very clear recognize that.

rick north korea us seven hundred million dollars four billion dollars
"seven hundred million dollars" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode

MAD MONEY W/ JIM CRAMER - Full Episode

01:56 min | 3 years ago

"seven hundred million dollars" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode

"Job we we generate about six hundred and fifty two seven hundred million dollars of cash each year which is pretty good and each year we return about three to four hundred thirty million dollars stashed jails the former buybacks and two to three hundred we invest in acquisitions and that was probably spend around eighty five million dollars in equipment in the book but we we're generating a tremendous amount of cash the amount of cash we we generate increases each year and we are returning to shareholders and investing in the business okay fair enough now in 2017 your full your factor tax rate was 28 percent you did not address in the call because frankly people didn't know exactly the juggernaut that wash would be that you might have lower tax rate are you prepared to have more capital because of a lower tax rate in what we do it right so we have a slight challenge and this was the reason why we reduced the bottom end about guidelines and that's because we had a compensation related texts high a high increase in our taxes add our effective tax rate directly related to compensation stock buyback okay okay and the bottom line is that that changing the tax rate will be more than covered by any potential a reduction in the income tax rate that will come out of washington cut we will be able to put that money to work very effectively both in buying back stock investing in the business and of course making acquisitions okay ice cream exhibition i thought your animal health number was amazing lot of others did not have good strong animal health what are you doing right did you guys are doing well the animal health business is very very good you know that is the humanisation now of yes which we liking slabs had just an okay quarter but there were other reasons that was poultry in lives but the pits the companion animal matter where we x ray.

washington income tax fifty two seven hundred millio four hundred thirty million do eighty five million dollars 28 percent
"seven hundred million dollars" Discussed on The Changelog

The Changelog

02:13 min | 3 years ago

"seven hundred million dollars" Discussed on The Changelog

"Uh and if pretty much the moment that began the first exchanges started popping up and people know anything about this space they've they've they probably know at least the headlines that they're redden in 2013 about the mount gac's exchange which was responsible for something like on the order of seven hundred million dollars worth of bitcoin being stolen of course the reason that that was possible for bitcoin to be stolen is because when you're dealing with a centralised exchange meaning by the way a website writer fundamentally a web app uh uh where you know worth three parties are involved the person wants to sell the person wants to buy and the exchange itself when things are designed not way the exchange has to have custodial control over the users bitcoin for at least some period of time and typically just for reasons of convenience people would keep their bitcoin on the exchange for much longer than just the moment that was necessary to you know match a trade in and then it cash out so when mount gac's was hacked back then in 2013 uh something like you know the tune of seven hundred million dollars worth of bitcoin were under the control of of nontoxic and that fundamentally means and the private keys were capable of spending that bitcoin were in the control of mount gac's that's basically a great big honey pot right it's like they're seven hundred million reasons that an exchange like mount talks would get act and its utterly predictable that the the beatings will continue right if if the if the sort of architecture doesn't change and of course that's exactly what's happened trade over the years has been an almost a predictable pace of exchanges getting hacked in various amounts getting stolen and so on it's it's just the nature of the beast right when there there's enough value in a in a in a given system relocation that can be hacked it probably will be hacked.

mount gac writer seven hundred million dollars
"seven hundred million dollars" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:12 min | 3 years ago

"seven hundred million dollars" Discussed on WBZ NewsRadio 1030

"Of the latest are kmart stores and fitchburg in springfield campbell's soup is trying to shop its way out of a sales slump bids buying organic soup maker pacific foods of oregon for seven hundred million dollars business reports dayton thirty gate past the hour i'm tracy junkie bloomberg business on wbz newsradio 1030 thank you we do have a weather update for you on cape cod the flash flood warning for barnes to bowl county is lifted but torrential rain fell earlier on parts of the cayman islands specifically foul myth saw the worse high anna's to very hard hit this is national weather serb davis meteorologist bill simpson mostly the weapon into the venue to how the heart arind poll monks who had over two or two of the created in about two hour period and it will go to the caribbean island from good hit for the up with a career to an two hours kobe headed mergers frequented downtown uh on may three tacoma move the are you a report of three to five or two in the bacteria one woman at the found the chamber of commerce is it was like a cloudburst that just wouldn't stop on the south shore and luper driver is under arrest charged with driving dropped with passengers in the car now apparently one of the passengers was able to flagged down a rockland police officer for help police say the driver 38yearolds sean tilton of brocton failed the sobriety test and was charged with oh you i kingsboro police are essentially saying everyone is a suspect there are investigating the apparent saft of a significant amount of tax payments over years a town hall worker in kingsboro has been put on administrative leave that person has not been identified this is police chief richard how it currently is circuiting thing to happen and i certainly have a role in the community uh it will work very closely with the town to ensure this never happens again he says accounting irregularities were discovered this may shortly after the town restructured its financial operations to increase internal controls wbz news time 442 tom kutty in.

brocton richard rockland chamber of commerce bowl county tracy dayton kmart tom kutty police chief kingsboro springfield campbell sean tilton officer tacoma caribbean island bill simpson anna cayman islands barnes oregon pacific foods seven hundred million dollars two hours two hour