35 Burst results for "Seventy Five Billion Dollars"
TikTok Asks Court for Extension on Divestiture Deadline
"Perry kicking off the chinese ecommerce giant alibaba's shopping holiday singles day yesterday period wasn't the only celebrity involve singer taylor swift also launched a new clothing line. This year. alibaba extended the buying window for single day from one day to several days and it paid off. The company raked in more than seventy five billion dollars in sales for the event nearly doubling last year's record that's more than all us retailer sales on black friday and cyber monday combined. Here's our reporter trevor. Moss online retail was kozo. Already a big thing in china was growing. Fool the pandemic and i think what we've seen is that trend has really been accelerated retail in china house bounce back from the pandemic but that in the january to september period retail overrule is still down about seven percents on you but within that's online sales of growing about ten percents on the so you can see that online retail has really bucked the overall triton has really become a much from biggest share overall. I think is now about one third of all retail in china.
Alibaba Sets 'Singles Day' Sales Record
"Over black friday. Today's singles day has set a new record. Seventy five billion dollars worth of sales in one day. If you haven't heard of singles day it's a shopping. Holiday launched by e commerce giant alibaba. Back in two thousand nine as a sort of anti valentine's day encouraging singles to celebrate their unmarried status by shopping for online deals and discounts. Now it drives more revenue on the site in one day than all. Us retailers on black friday and cyber monday events combined the results are being seen as a testament chinese consumer confidence after the disruptions of the coronavirus pandemic and a reflection of the continued rise of e
UN calls for universal health coverage without delay
"Attorney Guitarist has issued an urgent appeal for countries to invest in healthcare for all citing the disastrous impact of chronic under-investment this being exposed by the covid nineteen crisis. The UN secretary general's cool comes nine months into the coronavirus crisis, which has claimed more than one million lives amid rising infection rates globally, it has also cost global economy three, hundred, seventy, five, billion dollars a month about five hundred, million jobs lost so far and decades of human development a- going into reverse. Mister. Gutierrez said in. A policy brief to member states launched on Wednesday the UN chief maintain the covid nineteen had shown that access to strong public health systems and not preparedness are essential to communities and economies, and that treatment should not depend on financial status health as a fundamental human right and key sustainable development goals target rich. The world's countries have agreed to achieve by twenty thirty today. However, at least half the world's people do not have full coverage of essential health services and more than eight hundred million people spend at least ten percent of the household budgets on health.
Report: State, local aid needed to avert 4 million layoffs
"Hi Mike Rossi a reporting a private sector research firm outlines what Congress needs to do to prop up states and local governments in their pandemic recovery in what could prove to be a template for Congress as it works on the fifth and possibly final covert nineteen responsible private sector report says without relief for states and local governments there could be four million lost jobs moody's analytics says the five hundred billion dollars for state governments and three hundred seventy five billion dollars for local governments passed by house Democrats last month is likely beyond what's needed moody's calls for five hundred billion dollars in combined to state and local eight and the report says one hundred twenty billion dollars might be enough to get states through the twenty twenty one fiscal year that starts next week Mike Rossio Washington
Report: State, local aid needed to avert 4 million layoffs
"Hi Mike Rossi with details on a report that says states and local governments need federal aid as they recover from the pandemic a report from moody's analytics warns of potentially four million lost jobs if Congress doesn't come through with corona virus pandemic relief for states and local governments however the study also says far less money is needed that the eight hundred seventy five billion dollars in assistance but house Democrats passed last month as part of a three point five trillion dollar rescue package instead moody's calls for five hundred billion dollars in combined aid to states and local governments Congress is expected to pass the fifth and possibly final cold good nineteen response bill next month Mike Rossio Washington
Orlando Is Reopening. Persuading Tourists to Come Back Is Harder.
"Orlando is re opening and they want to get you know Disney world open all these places but the theme park actually is not among those things that is going to be opening they count a lot Orlando does on tourist dollars yeah and so the economy of Orlando has really been pummeled waiters maids bellhops they all relate rely on a seventy five million visitors a year seventy five billion dollars in revenue while and the tourists are gone and I don't know when the tourists are coming back because well don't take my word for the director of sales and marketing for the Florida hotel and conference center so the business is losing up to a million dollars a month no more than thirty five of its five hundred eleven rooms have been occupied on a given day while you know this is the conference center talking about I've been through nine eleven she says I've been through the recession and await and this is definitely the worst I've seen nothing will change for us until the parks are open the Disney universal and SeaWorld theme parks haven't said when they'll reopen they could be among the last businesses in the state to open because it's so hard to social distance and clean at those theme parks I think Disney is using its Shanghai park as kind of Guinea pig
"seventy five billion dollars" Discussed on KOMO
"One between cedar cove road in the email read person that took trucks there on the scene so we hope that'll be cleared away shortly our next contract back at seven oh for years to come a week over a forecast like chance of rain tonight in the Seattle area the steadier we've seen over the southwest Washington and then tomorrow sunny with highs in the upper sixties downtown now sixty six and guess what the world's richest man is on track to become the world's first trillionaires Brian Chuck has details Amazon founder and CEO Jeff bays us appears to be about one seventh of the way there that's from the comparison and content side comparison it projects in reaching the milestone within the decade the corona virus pandemic seems to be speeding up the process with online shopping at its highest Amazon sales top seventy five billion dollars in the first quarter Brian show can be seen news radio a new study shows using plasma of coronavirus survivors is a safe way to treat patients suffering from the respiratory illness here's Brian shook with more while the study concluded the convalescent plasma treatment is safe for covert nineteen patients it did not determine whether it actually works however similar therapies have been used to treat other illnesses in the past it relies on a survivor's antibodies to fight the illness in a new patient Brian shook N. B. C. news radio we've just got Brian shook work and double time don't we it's now six fifty six here's today's tax tip your job may be taxing but your work may not be tax deductible I'm Terry Alden or with today's tax tip there used to be a stack of things you could deduct from your income taxes in the name of work expenses.
Amazon's quarterly sales surge to record $75 billion
"KT Rej money man Pat Sheehan says there's good news and bad news for traders from Amazon Amazon posted record sales in fact up twenty six percent from one year ago seventy five billion dollars of sales in just the first quarter of this year however in a very lengthy letter founder Jeff Bezos said shareholders quote may want to take a seat chin says Amazon CEO wants to spend four billion dollars cleaning their facilities and that's an indication everybody's going to want to do something
State Budgets and COVID-19
"Seventy five billion dollars. When was the last time you thought that might not be enough money for well? Almost anything for the Pew Charitable Trusts. I'm Dan Lewis Duke. And this is after the fact. We hope this finds you safe and healthy. That's seventy five billion dollars. Is Our data point for this episode. And it's the combined. Total of money states had set aside this year for a rainy day in order to protect critical services for the public like healthcare and aid education in case of a downturn. Of course this is more than a rainy day. The Corona virus is more like a daily show and it's lasting for months and it's taken most of the last decade since the end of the great recession for states to save that money and stabiliser economies the federal stimulus package. Congress passed at the end of March tops. Two hundred billion dollars helped to states and localities and that includes one hundred fifty billion dollar Corona Virus Relief Fund. But will it be enough for more? We turn to Josh Goodman a senior officer on Pews State Fiscal Health Team on how covert nineteen is affecting. The state's Josh Goodman joins us. He's a senior officer on choose state fiscal health team. Josh we hope this finds you well and your family doing okay. Yeah definitely thank you so much for having me on. We're talking of course about the importance of of state budgets. Let's remind listeners. Just why they're important. What happens at the State Level State? Governments are just central to the lives of every single American primarily. What States Fund is Education Healthcare Transportation and public safety? And so if you're someone that drives on State Highway Sates are paying for that road if you or your family are on Medicaid states or contributing to that funding if you send your children to public schools that's dependent on state funding in additionally everyone that pays taxes when you go buy almost anything and pay the sales tax on it when you have personal income taxes withheld from your paycheck. That's linked to state decisions. And so if state governments aren't healthy if their budgets are struggling that means they'll have less money to provide all of those critical services it also means that Your taxes may be going up in a variety of different ways beyond that state governments are also important for the national economy. One thing that economists saw coming out of the great recession is that even as the federal government was making efforts to stimulate the economy states were delaying our economic recovery because they were raising taxes or cutting spending either of which take money out of the. Us economy states played this role of Limiting the recovery slowing down and so having healthy state budgets matters for all of us. We're going to talk about what all of this means for the states And their budgets which are gonNA have a huge impact economic impact. The data point for our episode is seventy five billion dollars. Which sounds like a lot of money because that's what the states is sort of stockpiled as of the end of this past fiscal year disorder. Get ready for tough times. Josh today anticipate tough times? This tough I don't think anyone anticipated a situation quite like this states always do need to plan for difficult budget situations one way. That states are different than the federal government is. They have generally constitutional requirements that forbid them from engaging in deficit spending and so states really do have to balance their budgets each year each two years and one way they do that knowing that the money they bring in in in good time will be a lot more than it is in bad times. Is they build up these reserves and so By saving in the rainy day funds as they're known states can have money to get them through tougher times but even states that have done a really good job saving. Didn't expect something to happen. This quickly and this dramatically that would affect their budgets. Josh breakdown were state. Revenue Comes from and why volatility poses such an issue for state budgets. State governments get most of their tax dollars from personal income taxes and sales taxes. And so we have. People are spending less money in the economy. Sales tax revenue will decline. If people are working fewer hours if there were layoffs then personal income taxes will also go down. States have pretty limited options to deal with those problems. They really depend heavily on their reserves to get them through these difficult times at bet also. They rely on the federal government during the great recession. The federal government offered substantial aid states states really need a lot of help but they're also making difficult choices for themselves as their budget situations deteriorate and for some context here. Congress and the president of created a two point two trillion dollar stimulus package for the nation. How much of that is is targeted towards state and local governments? One of the biggest parts of that for state governments is a new one hundred fifty billion dollar fund. That's designed to help states pay for their responses to Corona virus and all. The public health costs that go along with that and in addition to that money though there's a variety of other funding streams said are intended to help both state governments and local governments. One thing Congress has done for example is increase. The amount of money that the federal government is paying for Medicaid Medicaid is jointly funded by the federal government and states and so to help states out to get through these difficult budget times. Congress IS INCREASING. What the federal government will pay. You know we're coming out of the aftermath of the great recession was an it offered. I'm sure a lot of lessons to state policy makers on how to how to deal with calamities. What are some of those lessons right? We saw lots of sort of short term thinking during the great recession. Some of that was due to the degree of the crisis. That state's really didn't have great options but states were doing things like saying our education payment. What we're giving the school districts on June the thirtieth if we just push on into the next fiscal year which begins July. The first that saves us a lot of money this year but of course. Then that's more you have to have next year and so it's those kinds of decisions that if states are really desperate they turn to. But they don't ultimately solve the underlying problem and so saving money in good times to use in bad times is one of those key steps. So what does it? It's been doing since the great recession to prepare for the next downturn one concept that came out of the great recession was idea of stress. Testing state budgets in the idea of a stress test is just sort of to analyze different scenarios of you know if the economy declines by this mound if personal drops by this amount of unemployment goes up by this amount those kinds of things. What does that mean for our budget? And it's something that some states have begun to embrace in really use it to drive their decisions and of course that's also going to vary state by state right each state. Scott their own economy based on the natural resources for example. It could be a huge part of their state's economy or the businesses that are located there. So there's no one size fits all we see a lot of variation in the volatility from state to state which is linked to the state's economy as well as their tax structure. And that's really where stress testing can be such a useful approach. What states are doing is customizing their stress tests to their own budgets and circumstances and so you know if you have an economy that's really linked to the price of oil. You're going to want to assess well if oil is thirty dollars. A barrel versus forty five dollars a barrel versus fifty dollars a barrel. What does that mean for our budget in? Do we have enough savings if oil prices are depressed to make it through those times until we would expect to see. See Things bounced back. Every state has a different level of volatility in its revenue structure in every state is maybe more sensitive as well to spending pressures that might occur during a downturn something like Medicaid which is a means tested program if people are earning less money more people qualified for Medicaid and that costs state governments more money so states really ought to be thinking about tax revenue. They bring in as well as the spending side. What are going to be spending pressures during a challenging times
"seventy five billion dollars" Discussed on KYW Newsradio 1060
"About seventy five billion dollars for hospitals twenty five billion to expand corona virus testing members of Congress have also talked about yet another relief package down the road they've already a past for these packages Caroline part of that focus if it does happen maybe on state and local governments all right thank you Tim how a Facebook post turned into a mission to feed a central workers that story is up in a few minutes but right now it's five oh seven traffic and weather on the two's good morning Sam clover hi Carol mackenzie rainy conditions this morning that is the problem on the Schuylkill expressway right now there's a one vehicle spin out accident just happened it's eastbound direction at the Conshohocken curve car facing the wrong way it's in the right lane so waiting for police if you're heading into town your country's slow it down accident up ahead I want you beyond that it's all right now west on the Schuylkill expressway university the south at some earlier construction that's cleared out of the way looking good on ninety five into center city Philadelphia north of ninety five near Cottman earlier broken down vehicle clear on the westbound PA turnpike approaching Virginia drive despite the weather there's a construction crew there were mostly on the shoulder so please slow down there otherwise the turnpike looks pretty good accident from the overnight in Shelton hand this is of one vehicle on church road east of Jenkintown road looks likely still on the scene directing around it we go to New Jersey again because of not despite the weather is north forty two freeway there's construction of the creek road exit so watch out for that grew up under cross the bridge is refined one exception the Tony Paul Meyer bridges expecting an opening in the next ten minutes or so the north township in the Delaware mass transit all scale back for essential travel only in the cave I W. twenty four hour traffic center I'm Sam clover thank you Sam now the five day forecast from NBC ten first alert meteorologist bill Henley Saudi rainy breezy and chilly.
Senate passes $484 billion relief bill as U.S. cases top 800,000
"The Senate has passed a bill approving nearly five hundred billion dollars in corona virus relief the bill includes more than three hundred billion dollars to ensure paychecks for businesses seventy five billion dollars for hospitals and twenty five billion for testing but the bill does not include many priorities sought by Democrats including hazard pay for frontline workers money for the postal service states and cities or for
$500 billion coronavirus aid package passes U.S. Senate, headed to House
"The Senate has approved a four hundred eighty three billion dollar coronavirus aid package after Congress and the White House reached a deal the measure would replenish a small business rescue program provide hospitals with seventy five billion dollars more and implement a nationwide virus testing program the package now goes to
Senate passes bill to boost small business aid, hospitals and testing
"President trump and I discussing the latest coronavirus aid package approved by the Senate which includes three hundred eighty two billion dollars for small business payrolls seventy five billion dollars to aid hospitals which you really need the aid and very badly very proud of that ten twenty five billion dollars to support corona virus testing efforts coronavirus now blamed for more than forty four thousand U.
White House and Democrats Near Deal on Aid for Small Businesses
"Morning the White House and congressional leaders are working on a new wave of coronavirus relief funding it's to help replenish the small business loan program that ran out of money in less than two weeks house speaker Nancy Pelosi said on ABC news yesterday that an agreement is close everything we've done at three bills in March for all bipartisan the central package will be too and the and the businesses will have the money in a timely fashion NPR congressional reporter Kelsey Snell has been following this one Hey Kelsey hi there good morning so the bill that's being discussed now with speaker Pelosi there just called an interim package four hundred and fifty billion dollars who's that money for well treasury secretary Steve Mnuchin said over the weekend that they were narrowing in on a deal that would include around three hundred billion dollars in additional money for the forgivable small business loans that's the paycheck protection program no the original three hundred and fifty billion dollars that they approved ran out in less than two weeks even with that rocky rollout and all those delays that we've heard about now there's also an additional fifty billion dollars for small business disaster loans seventy five billion dollars in emergency funding for hospitals I'm told that the last bit of negotiating over the weekend focused on around twenty five billion dollars for testing there's some questions about how that would roll out where that money would go what kind of restrictions Michael along with it and you know treasury secretary Steve Mnuchin says this could all be done early this week you know he mentioned over the weekend the possibility of a vote today in run it but we haven't even seen a bill yet so I would caution that that is possible but unlikely at this moment okay still so speedy it kills you know that you were reporting that the national governors association wants Congress to approve like five hundred billion dollars in direct aid to states so does this bill have any money for state and local governments it does not and I think that's really interesting here there is none of that money and five hundred billion dollars is a lot of money and primarily what they were talking about there was that the governor is worried that the stay at home orders and all of the additional response that isn't just involved with you know getting testing out there and making sure that people's needs are met they're worried that all of those changes to the economy are really negatively affecting their budget now it is important that this is something that Democrats wanted in this package but it not being there maybe the strongest evidence yet that there's another larger package to calm you know just a couple weeks ago the federal government injected two trillion dollars into the economy now another four hundred and fifty billion possibly you just said more to come what is all this spending tell us about what state we're in right now yeah they give you a little bit of a picture of the way the Congress is thinking about this money the staff I talked to over the weekend call this latest pot of money more of a gap filler actual new packages money and that's the moment where in nearly half a trillion dollars is a gap filler I know that can feel really hard to put your head around and to get contacts but this number we're talking about a gap filler number is more than half of the entire first bank bailout bill of two thousand eight now this talk about a fourth package would mean depending on who you talk to possibly include more stimulus last rescue so maybe infrastructure spending or some other way to get people spending money and back into the economy a good way to think about is look back to two thousand eight in two thousand nine Congress did that original bank bailout called harp at the end of George W. bush's last term and then a few months later president Obama work with Congress on an even bigger stimulus bill and it's possible that these additional pieces of legislation could follow that model Kelsey let's see there is an agreement this week do you know how the members of Congress will vote that is a really good question we know that they're both out of Washington until may fourth to send no Tim insure social distancing and leaders have indicated that Congress needs to act quickly on something members will get twenty four hours notice the house Majority Leader told members they could vote as early as Wednesday but getting members back to Washington is really difficult so there's talk about a proxy voting proposal which is supported by house speaker Pelosi still really very interesting to watch how Congress figures out how to vote in this time of coronavirus NPR's Kelsey Snell thanks Kelsey
Treasury and Senate working to replenish Paycheck Protection Program
"Well hopes are pretty high that a deal is going to result in another big package to speed help to small businesses and others Linda Kenyon is following the breaking news for us Michael it's a stimulus deal it represents the very essence of compromise this is treasury secretary Steve Mnuchin Sunday on CNN's state of the union I'm hopeful that we can reach an agreement that the Senate can pass this tomorrow and that the house can take it up on Tuesday he's talking about a deal to add three hundred billion dollars to the small business administration's paycheck protection program that program which quickly ran out of money provides forgivable loans to small businesses so they can keep their employees on the payroll other businesses are closed due to the coronavirus Democrats have been holding out for additional money for hospitals and state and local governments to but Republicans held fast against that saying that replenishing the paycheck protection program should be a standalone bill after bipartisan talks with the treasury secretary the early contours of the bill show it will include seventy five billion dollars for hospitals twenty five billion for corona virus testing and fifty billion for the economic injury disaster loans Senate minority leader Chuck Schumer is cautiously optimistic you know you got a lot of a lot of details let it down and I's and cross the tease but I am I am very very hopeful senator Schumer appeared on CNN's state of the union as did secretary Mnuchin they were the only ones feeling optimistic the negotiations are going on or very close price president Mike pence on fox news Sunday I think every American has seen the success of the president's program to provide payroll support and and we're gonna work to expand on that so that no one working in a small business in America would have to worry about missing a paycheck during the trial and and difficulty of the corona virus good path house speaker Nancy Pelosi also on fox news Sunday was in agreement further indication that a deal is near house Majority Leader Steny Hoyer sent a notice to members yesterday this is the house could meet as early as Wednesday to consider the legislation that notice gives members time to get back to Washington to vote on the bill which if all goes according to plan the Senate could vote on as soon as today since the Senate like the house is out of town due to the coronavirus the Senate will try to streamline the voting process and pass the bill by unanimous consent this would avoid the need to bring every member back to Washington and only a few people would likely be in the chamber at the time of the
Trump's ambitious infrastructure vision faces Senate GOP roadblock
"President trump faces a clash with Senate Majority Leader Mitch McConnell and other Senate Republicans over the president's desire for a two trillion dollar infrastructure spending bill something he promised during his twenty sixteen campaign what's going on here here to explain is Alex Bolton senior staff writer at the hill Alex set this up trump earlier this week in Dorsey two trillion dollar infrastructure package of member during the twenty sixteen presidential campaign he blocked his opponent Hillary Clinton formally proposing something like two hundred seventy five billion dollars for sure after trump one thing big old robot that failed to materialize during its first three years in office now he sees an opportunity on on Twitter earlier this week you need to call in dollars but that is facing opposition from his allies in Congress Senate Republicans Mitch McConnell the Senate Majority Leader he's putting the brakes on a package that is emerging from the house he said look we need to wait for me to figure out what we need to do it would first need to address the direct economic fallout from the across the borders the crisis before going on to sort of more tangentially related policy priorities which is what infrastructure is yeah you said the the phrase there is tangentially related I guess Augustus of an infrastructure bill would had some benefit or spur vide some help to the economy during the pandemic well I mean we just are I mean just this week or more than there are more than six billion unemployment claims this is a an all time record on top of that more than three billion last week so in two weeks we'll see ten million claims for unemployment benefits that is the sky high record shattering all previous records so I think the thought or discussion right now this marks the record is that the need is going to be more media more acute than anything that two trillion dollars in infrastructure can address I'm sure instructions nice but we are in a crisis right now people need money to pay the bills pay the rent for groceries is infrastructure projects that said take an introduction you can take a year to two years perhaps longer to get the money on the economy that takes way too long and you know they remember the lessons from the two thousand nine American recovery and reinvestment act passed under president Obama during the last financial crisis that took a long time for those benefits to matriculated in a bombing that a lot of heat for the economy taking so long to respond speak with Alex Bolton senior staff writer at the hill his pieces called trump's ambitious infrastructure vision faces Senate GOP GOP roadblocks so at this point even though infrastructure might be beneficial to members of Congress coming up for election in November phase four of a relief for stimulus bill it might be more likely at this point well if the question is what's going to be in the face for stimulus bill and Nancy Pelosi the speaker and co chairman of L. conference calls this week saying they want infrastructure would be a major major component of that space for bill now what Senate Majority Leader Mitch McConnell says that look this this is hello C. subscribing to the attic you over Obama Kerr chief of staff Rahm Emanuel bill number never let a crisis go to waste in other words you can use the crisis to achieve policy goals that you have been able to previously the instructor kind of falls into that category now only people she bills the president this is an opportunity to get a break through something that they've long wanted immediate pressure talks going on well before the coronavirus crisis and so I just think right now we're gonna include top sellers will consider it to be wrong with it because while it there are potentially long term economic to be sure to package it really doesn't address the immediate economic fallout of this coronavirus cases which as I mentioned has created a ten million unemployment claims in two weeks what is our treasury secretary Steve Mnuchin say about all this he seems to be the go between between say the White House and Congress these days well I mean he said in a recent television interview that he's at the grocery store Richard Neal with democratic chairman of the house ways and means committee and eagle east twenty to move forward so he would like to get this done and he doesn't need to have a bit of problem debt Republicans in Congress to do what I eat all you know that during the negotiations of the packaging to truly dollar perhaps two point usually about package we'll see what the dust settles when those negotiations were going on if some Republicans were critical writing we wonder what she'd do to this plane for
Dow joins S&P 500, Nasdaq to close at record highs
"Stocks hit record highs Thursday as China announces terror of cuts as part of the phase one trade deals stop finishing higher across the board on wallstreet the Dow Jones seeing a gain of eighty eight points the S. and P. up eleven the nasdaq up sixty three the Dow hitting it six record close in twenty twenty after twenty two records last year and on pace for a hundred and fourteenth record close today and it happened under president trump this is after we got news that the impeachment issue has been settled and also that China's rolling back terror of some some seventy five billion dollars of US imports as part of the phase one implementation from the floor of the New York Stock Exchange I'm Jackie DeAngelis fox news in here in a few minutes so later on this morning we'll hear the January employment report and I don't end with not anticipating anything dramatic tendency unemployment spent a a low low for decades low at about three and a half percent for a
China to cut tariffs in half on $75 billion of U.S. goods
"China says it's cutting and Hough terrace some seventy five billion dollars worth of goods imported from the United States in line with a deal to resolve the trade disputes between the world's top two economies commercial that's funny reports China had committed to buying two hundred billion dollars worth of American goods over to yes but even before the virus outbreak economists would doubtful whether Beijing would be able to fulfill those commitments because of the sheer volume of what it was expected to buy China is expected to suffer from sluggish consumer demands now because of the virus outbreak these trade reductions could help to reduce prices for Chinese consumers and allow Beijing to keep to its promise in the trade deal
China cuts tariffs on $75 billion of imports from US in response to American tariff reduction in trade truce
"China cuts tariffs on seventy five billion dollars of imports from the last in response to America's reduced tariffs announced last month as part of the reason trade truce the reduction supplied tariffs imposed back in September first as the two sides were ratcheting up their dispute over Beijing's technology ambitions and trade
"seventy five billion dollars" Discussed on KLIF 570 AM
"So I told you yesterday about repo madness what was happening in the banking community and if you if you paid attention yesterday on what was you know what we were talking about what was happening. there was a problem at the banks where they have this overnight lending system and all of the banks have to have a certain amount of cash on hand and they do this every night they look and say how much money do we have in the bank you know what call city bank and ask them if we can borrow you know ten ten billion dollars will sell them this and and will buy it back tomorrow morning happens all the time banks loan each other money all the time. now back in two thousand eight Bear Stearns. started asking for money and the other banks were like now you're asking for an awful lot of money I'm not really sure you're too healthy and so they started going to what was called the discount window where they can go to the sad in the middle of the night but nobody wanted to go to the discount window because the discount window was really it was the walk of shame if you went to that window the the other banks would know that you were in trouble. so bear sterns went to the discount window and the fed said okay we'll we'll righteous some will write just some cash okay. just to keep them afloat just keep everything going but don't know where nothing to see here I'm gonna see here. as the crash started to happen there was a credit card crunch not with you the banks you would still everything seemed normal kind of like I don't know right now where everything seems normal but it's not you to the banks were in full fledged panic because they had to have a certain amount of money in the bank every night to cover everything. and what normally goes on is bank of America will call city bank or city bank will call JP Morgan chase or whatever and they'll work it out. Lisa Hey can you just transfer some of your money on a transfer this asset over to you and then tomorrow will will reverse that not a problem. until every bank in two thousand eight was freaking out because they none of them had enough money to cover their expenses. and the first sign of trouble is the overnight interest rate which should be one point seven five the overnight interest rate when the bank goes and says Hey I I want to buy a new house except what they're really saying is Hey I don't have enough money in my vault the cover the stuff that I just bought can you just borrow can borrow some money for the overnight. and the banks say sure one point seven five. the credit crunch became so bad as of Monday that the interest rate that the banks were selling each other these loans for the overnight was ten percent. Jim you borrow ten billion dollars from another bank in the overnight and you'll have to pay ten percent on that money. that's not going to go well or last long. the reason why I was ten percent was because no one had enough money they were all calling each other Hey armor could you loan me some money. I don't know why I can't. worse I'll find it if you if you pay me ten percent in the morning. that's what was happening. so the federal reserve new this and so they just casually made an announcement a nothing to see here nothing to worry about but we're gonna loan of fifty five trillion dollars are a sorry billion dollars fifty five billion dollars to the bank's tonight and we're just gonna do it tonight. well it came back that they needed the banks needed sixty five billion dollars for the night. then the next night the fed decided to do it again and so they offered sixty five billion dollars well they needed seventy five billion dollars. every time they open the quote discount window every time they made these purchases of assets by the way they're not paying them back the next day they're just buying these assets. every time they did that they needed more. so they kept doing it remember this is only going to happen Monday night they did it again last night they done it Monday night Tuesday night Wednesday night Thursday night and they're going to do it again tonight. so that is that's where we were. that's what I told you yesterday this is so critically important that you pay attention. so where are we. well have the seventy five billion dollars per day from the fed extended last night into day for. we are now at three hundred and fifty billion dollars that has been injected into the U. S. invents investment banks in four days and the banks are still asking for more. the markets are not functioning if the banks need seventy five billion dollars a day in new cash just for their day to day operations JP Morgan chase has taken fifty two billion dollars in cash in new capital from the fed in three days that is twenty two percent of what the entire company is worth. that's their market cap twenty two percent and they borrowed that catcher took that cash in three days. world's largest investment bank needing twelve point five billion dollars every day in newly printed cash from the fed to provide cash on the books. in two thousand seven the initial bid from Leman brother. was six hundred and twenty million dollars. six days later a hundred and twenty year old company eleven thousand two hundred employees eight point nine million investors worth fourteen billion dollars in market cap was gone. we have a problem here. we have a real problem. in four days they have given out almost half of what we argued about we argued all week long that week but that when we had to rush this through it was the thing that because the tea party you really need to stand up wait a minute you're bailing these banks out what about everybody else. they're doing it now quietly and they've already spent half of the cash that they spent for tarp and they did that in four days. and no one is talking about it. there is a real problem with the banks. we're not talking just Leeman brothers now. we are talking all of the banks. let's talk about black face. wait there's rain in Houston. you know it's climate hysteria day. we gotta get trump's tax returns in California well we've got the report when we got to get all of the A. ours back don't you even say that we're talking about confiscating a ours we're not talking about that yes you are no you're not get your know your meme while the banks are in trouble. are you awake. last night Marianne Williamson we gave the answer all of the decade. this is exactly what is happening in all of our society. last night Marianne Williamson was asked by a college student what is your problem. what is your problem with nuclear energy. Williams in thank you for taking my question my name is Emily berry and I'm a student from the university of Maryland College Park I'm sitting government of politics and economics so you say they in your environmental crisis plan that you want the United States to stop all use of nuclear energy what's your identifies the problems with nuclear energy and what do you say to those who think it simply gets a bad reputation what was the last thing you said what do I what do you what are your what your shoes with nuclear energy. well I know Germany had said at one point we just going no nuclear but then when they said no nuclear there was a problem because they had a hard time keeping up with the other standards of they agreed to. what's your problem what is wrong with it yes she has no idea. if something goes wrong with nuclear energy if something's wrong. I think people have really stop to take in. the horror of an integrator politics we need to go beyond our data. what will be only think about this with her heart I think with their art. something goes wrong there. what happens what we've been talking. about. that's really what we have so what maybe we'd all be a little warmer. I mean Americans we have to decide that's the problem I have with it that's the problem..
The Fed has a repo problem
"This week the federal reserve announced that it would offer banks and overnight repo operation now repo his Wall Street jargon for re purchase agreement. now when's the last time the federal reserve it was re purchasing things from banks do you remember. it was part. it allowed the federal reserve to go in and buy a with your money go in by different assets that were failing. now repo is a mechanism for short term generally a one day loan this is something that the banks they have to have a certain amount of cash in the bank overnight and so sometimes they'll just put assets up for sale and they'll say we need the money for the overnight and then the next day they re purchase the same asset back. now during the Tuesday repo operation the fed to pledge to fifty five billion dollars worth of funds available to the banks and the banks could sell the fed their assets. now they were selling a mortgage backed security securities are U. S. treasury bonds and that way the banks would have the cash on Tuesday the recall was oversubscribed by more than five billion dollars that means the bank showed up asking for cash more cash than the fed thought that they would even need. and that number was out by five billion dollars and so they are okay well there might be a bigger problem here so Wednesday now remember they haven't done this once in ten years they haven't done this since the collapse of the market. so the next day Wednesday they did it twice are they did it the second time. this time they said okay we're going to come to the table was seventy five billion so if anybody needs money tonight we'll it we have seventy five billion well this time the bank's showed up and they needed an additional twelve billion dollars over the seventy five. now yesterday the fed chairman Powell he announced a quarter point cut in the than the interest rate so he's lowering the interest rate and we're gonna have to get to that at some point. but he also said they do another round of repose last night for another seventy five billion dollars so they haven't done this since two thousand eight. they've done it now for three days in a row that tells you something is wrong. this is the first time since two thousand nine the federal reserve have stepped into the banking sector in in in the banking sector and offered cash.
"seventy five billion dollars" Discussed on KOMO
"Has tested its missile system a federal judge will keep the woman accused of the Capital One hack locked up agreeing with prosecutor she's a flight risk page Thompson's lawyers though claim that she's in danger of the sea tac detention facility and could receive better gender transition character in a different facility escalating his trade war with China president Donald Trump bumped up his terrace on Chinese imports lashing back after Beijing raise taxes on U. S. products the Dow blood plunged after trump's tweet that said he would be raising tariffs on three hundred billion dollars in Chinese goods from ten to fifteen percent joining us on the komo news line is A. B. C.'s Mona costar Abdi and tell us what happened today the president is saying that all US companies did stop doing business with China let me backtrack a little and let you know how all this happened to basically the markets are reacting to it not only China announcing today that they're going to impose retaliatory tariffs on each seventy five billion dollars worth of US goods in response to the terrorists that president trump said that he was going to impose on the same day about on three hundred billion dollars worth of Chinese goods and so the president said that he was going to not only react to these retaliatory tears but he says that U. S. businesses need to immediately start looking for for alternatives it to China and to stop doing business with China and look at bringing it on their business here in the United States making their products here he also said that he's going after China when it comes to the opioid drugs Sentinel right so part of that same Tweedy says that he poses a a great opportunity for the United States and then he says I'm ordering all carriers including tax Amazon you PS and the post office to search for and refuse all delivery that Sentinel from China as bad until killed a hundred thousand Americans a year and then goes after the Chinese president long says that he's not doing enough to stop and to stop the potentially dangerous potential at coming into the United States and so but what's interesting about this is with the demand that the president is making up for US companies at the White House right now it is the same that they have the authority to get such directives and he's receiving a lot of push back from the US business community businesses are essentially saying that cutting off China would not only hurt them but the US economy as well they're saying this is really the darkest cloud hanging over the U. S. economy right we are from the national retail federation as well saying that it's unrealistic for American retailers to move out of the world's second largest economy the president we he's framing this is we don't need China we are the world's largest economy in so we can be self esteem we don't need to do business with China go either do business elsewhere or bring your business to adhere to the United States actually telling the American companies but this is the global economy and we heard also from the federal reserve chair J. Powell who has been the subject of much of the president's tweets these past couple of weeks and he says that he believes that there is increasing evidence of a global economic slowdown and he also says that he believes the president's economic standoff with China has contributed there are some that say this is telling US businesses to forfeit hundreds of billions of dollars in sales and tens of billions of dollars of profits from China right what was brought out and as a good reminder is even when the president was threatening to implement terrace are imposed tariffs on Mexico when he was demanding that they do something about the southern border and he said that he was going to tax all Mexican good coming to the United States a large for the perspective getting was prompt congressional Republicans who knew that eventually the cost trickle down on to not only American business interamerican consumers this is a something that is seen favorably even within the Republican Party but the president has taken great issue with which he says is the way China has been dealing with the United States for years and so he this is for lack of better term the hell that he's going to die on ABC's Mona close are all day thank you so much Mona are come on news time coming up on four twenty and Jim just go with your combo propellants rinse money updates another escalation in the U. S. China trade war rattled investors today.
"seventy five billion dollars" Discussed on KTLK 1130 AM
"News I'm just like a stone of stocks plummeting with the Dow closing down more than six hundred twenty points the S. and P. down from two hundred forty and the nasdaq down seventy six all after Beijing unveiled new tariffs on seventy five billion dollars in U. S. goods and the president fired off a series of tweets about China president trump ordering US companies to stop doing business there here's fox's John decker president from cannot compel U. S. companies to abandon China and he's given no detail on how we might proceed with any such order the national retail federation says it is unrealistic for American retailers to abandon China the Supreme Court says justice Ruth Bader Ginsburg completed three weeks of radiation therapy for a tumor on her pancreas fox's Jerry helper and Ginsburg is eighty six years old and has been treated for cancerous growths before cancer is keeping active schedule America is driving in those liberals Sean Hannity is back on the radio right now news wait for a response from you but I'm not I'm not going to stop you you you know what you're gonna do first Californians business in downtown Sacramento fifteen years six to leave a place of business I have to close my shop yes I can go somewhere else but it's not it's convenient.
"seventy five billion dollars" Discussed on WBZ NewsRadio 1030
"Department heads up the hospital says nearly ten thousand people's personal info was recently exposed in a data breach NGH says the quote on authorized third party used a couple of computer programs to get this data includes names birth states medical record numbers and medical histories but thankfully the hospital says the hackers didn't get any financial info or social security numbers mass general says if you're affected by this the let you know they say they're also taking steps to make sure hackers can't get any more of your information well today today today at the White House since president trump gets ready to head to Europe tonight president trump has no public events on his schedule today ahead of his late evening departure for the G. seven world leaders summit in France the global economy which is seen a slowdown in growth will be a top agenda item for Mr trump and the leaders of France Canada Germany the UK Italy and Japan in addition to the official summit events president trouble hold a series of one on one meetings including his first sit down with new British prime minister Boris Johnson Karen Travers ABC news the White House in Texas a special panel formed in the wake of the mass shooting at a Walmart in el Paso is meeting this week at the state house trying to come up with ways to keep a massacre like that from ever happening again the Texas safety commission comprises lawmakers law enforcers and community leaders from el Paso and while Walmart massacre on August third was an act of gun violence having a gun is not against the law governor Greg Abbott says red flags about the suspect were flying there was a concerned mother he raise issues to law enforcement he says the state may move to more easily remove firearms from people considered at risk for committing violent acts Jim Ryan ABC news Dallas and the new directive from the trump administration threatening to add to an already extensive backlog of asylum cases throughout the northeast most of the asylum officers working in the New York and Boston offices now been reassigned to the southern border hopes of getting cases moving there in our region officials are already dealing with a backlog of about forty thousand asylum cases senator Jeff Merkley says this move could suspend quote virtually all asylum cases in the northeast a few applicants will continue to have their cases heard in Newark but the senator says new interviews apparently won't be done in Boston at least for now now the acting director of citizenship and immigration services can could an alley is responding to this calling that falls could you know Lisa some staffer being shifted to the southern border blaming Congress for not fixing what he calls this historic humanitarian crisis it's ten await let's shift gears now head over to Wall Street is a mixed bag to start things off let's check in with Bloomberg business and here is Tom Busby hi good morning to call yes a mixed bag stocks were down stocks were up now they're just slightly down that's after China announced its slapping retaliatory tariffs on seventy five billion dollars worth of American made imports starting September first and on autos a little later twenty five percent tariff but instead in notes that were released ahead of a speech by the fed chair J. Powell is about to speak in Jackson Hole Wyoming he said he's going to do what he has to do to sustain the U. S. economic expansion that could mean further rate cuts with that right now stocks are back up the Dow's down only eight points the nasdaq down twenty six the S. and P. down six and wall fanbase cloud computing security software maker carbon black along with another software firm both acquired by the tech giant VM ware nine Tom Busby Bloomberg business on WBZ Boston's news radio thanks Tom coming up in just about three minutes we'll check sports and then the ride.
"seventy five billion dollars" Discussed on WAFS Biz 1190
"There's just no stopping you the moment in terms of breaking news. Where are we with this? This would be an Islamic finance. I mean this wave keeps coming. What do we know? Well, if you remember a few months ago when you spoke to the devise on a Bank, he said, he's not looking at deal. But if they if they would look at being the acquirer rather than being bought out what we're hearing from sources now is that they are indeed looking at a deal they're looking at buying out nor Islamic Bank, another Divi based Islamic Bank. There's a few Cullman shareholders between them which is if you look at what happens a lot of the time in these mergers that are going on around the region it's web as Coleman shareholder who can really draw for transaction Fru. That's where we're seeing the most traction happening for actually being able to get over the line and a merger of those two banks would create a lender with around seventy five billion dollars worth of assets. So it would be it would be one of the top five banks in the country. And so in this sort of quest for scale as buying saw increasingly? Urging the being able to have that scale and so is to attract deposits again. Lower your cost of funding these becoming increasingly important most read stories Bloomberg this morning is the market took it Brady. News around the Saudi Aramco bond pricing. Given what we've seen in terms of an insatiable demand for yield emerging markets. How are they going to find the balance when it comes to pricing? Well, I think the speaking to people around this issue in the run-up to around co coming to the market. The the sense was that around Kobe are going to be very very price sensitive, and what was going to be more important to them was getting a deal, which have the absolute best possible price, and if that meant taking a smaller overall deal size, and that was probably the way that they were going go where we look at the feedback that was coming out from the League Managers at the end of last week Aramco's already go over twenty six billion dollars worth of orders. And the feeling we're hearing is that around half of that is priced inside the sovereign. So actually, it looks like Aramco's probably going to be sitting in the best of both worlds. And it's going to be a massive deal and printer inside the sovereign, and that's what I expect. We'll probably see either later on today or tomorrow. Let's see around co bone roadshows finished on and they start competing this offering Matt's great catching up. Thank you very much for stopping by finance. Reporter Matthew Martin. Let's get some perspective here and cross out to Mohammed needs a chief strategy officer Dhabi capital joins us from our studio in. Well, how are you able to play in the Saudi Aramco bonus show in some way? Are you able to get your hand on the paper? And where's it gonna price? Do you think? Good morning. No, not at the moment. We we. We don't go into the primary market,.
"seventy five billion dollars" Discussed on WGN Radio
"Your money on WGN. We say Hello to orient Samuelson. European plane maker Airbus is closed to finding a deal worth billions of dollars with China following a delay of more than a year in the negotiations that Beal is part of a package of trade deals coinciding with the visit to Europe by Chinese president Xi Jinping. He arrived in France yesterday from Italy on a three day state. Visit the folks at Viacom have renewed the contract with AT and T avoiding of blackout of MTV, Nickelodeon and comedy central for users of the telecom carriers, pay TV service directtv. Viacom did result. The contract before considering any other strategic moves in. Including a potential tire with CBS, corporation and bear and J J have settled thousands of US zero lawsuits. Here's the story. Seven hundred seventy five billion dollars is the settlement on the twenty five thousand US lawsuits, alleging that they're blockbuster blood thinners are also caused unstoppable, and in some cases, fatal bleeding, the will be shared equally between the new companies that jointly developed the drug bear and J and J do not admit liability under the agreement, and that's your money on seven twenty WGN. Thank you orient now for WGN sports. Dave in it just a couple of days here in Arizona left for the White Sox and cubs. The socks will play two games against the Diamondbacks at chase field beginning. Tonight, Ervin Santana slated to start for the White Sox. The cubs. Stay in Mason, a play the World Series champion Red Sox tonight. Call hamels starts for the cubs had fell owners have gathered here the desert for meetings and the Blackhawks had west.
"seventy five billion dollars" Discussed on Jokes So Funny
"Good. Thank you. Daddy baeza. So funny. Let's talk about that. Yes. So that's got be the craziest divorce in world history. Right. I know I'm really shocked lake how much hate. Home girls getting what's her name, Melissa, Michelle? Melinda. Something like that. I don't I don't know. I think it's incredible though because it's a hundred and thirty seven billion dollar empire that they're going to split fifty fifty. Yeah. Fifty fifty that is incredible. That's and also downstream too. So if Amazon makes more money, she splits that fifty fifty with basis. Well, he cheated on her. So yeah, I mean, he definitely screwed up like a wet world. Do you living where you're like, my wife skin, like, you know, that you didn't that she didn't sign a prenup? That's why I'm like keep isn't he must not actually care. That he is the wealthiest man because he. I just don't see how you say. Okay. I have I'm the richest man in the world. No pre-nup. I'm gonna cheat on my wife. It's a dumb move. It really is do you think that he's regretting the decision now? I just don't think he cares. I mean, I wonder if it's the kind of deal where at a hundred half of one hundred fifty seven billion dollars, right? So what is that? Let's say at sixty five let's say it's six let's say six billion dollars. Yes. A half of one hundred fifty riot. He's problem. You can get a pause incorrectly. Funny. It's funny. Man. I'm too lazy to do. Well, let's say here's the thing. If if Jeff Bezos if I were Jeff Basil's had one hundred fifty seven million dollars and someone came along and said, excuse me, sir. You're going to have at the end of the day two billion dollars. You know, what I would say I would say oh my God. I have one billion dollars still this is amazing. This is the best day of my life. Thank you so much cheating on my wife was so worth it. There is a seventy-five Milt billion dollar divorce. It costs seventy five billion dollars for him to cheat on his wife. That's insane. That a better be the best way of his entire life. Like if that's anything short of phenomenal. I there. I don't think that exists. I don't think. Sex that good exists. It can't there's no way it's worth that much. Plenty of I know a lot of people that would go without sex the rest of their life for that much money. I don't know about that. Is there a dollar? Dollar amount to no trying to save up to that amount to or make sure that we never earned that. Thanks, very powerful. People. Listen to this podcast. To figure out exactly how much it's gonna cost. I'm not saying it's on the table. I'm just saying it's not not on the table. Okay. Amin? I don't want you to judge me. I won't. Yes. You will for wo if I say ten dollars. No. Dollars and I'll never have sex with him for the rest of my life. That's all I have to pay. You know, I will pay you ten dollars. So I have to have a second anymore. I don't know. I don't know. Yeah. I don't know if there's any number, and I'm saying this because I know some what wealthy people have spent a lot of money that you see how much money people put into these like sex promotion products. There's just adds all the time for Seattle is now. Yeah. And it's just people. They're trying to get a ride isn't that like sex toy industry when the most profitable in the world. I can't imagine that being correct? Honestly, I think it is..
"seventy five billion dollars" Discussed on KNSS
"Cayenne s s. Number one talk station. This is s s. The president gave a speech about a farm Bill, and he says any measure that the funds the US government must include border security or he's going to veto it. Let's see what happens. Let's see what happens. This is the crux of the Trump revolution. It's the crux of the Trump voter base at unless we get something to stop them from flowing over the border as he said a nation without borders, a nation, not at all, right? I've written the same thing for twenty five years, but he gave something new illegal immigration coronation, two hundred seventy five billion dollars a year. That's a fact, I didn't know. Illegal immigration costs our nation. Millions of jobs that we all know illegal immigration costs thousands of innocent lives that we know for a fact the only people who make believe they don't notice Pelosi and Schumer because they do not represent America or Americans their represent a foreign government. Do you understand what I'm saying to you? When more than ninety percent of heroin comes across our southern border, and you have people nice clean white shirts, celebrating no wall and no border security. What the hell do you think they're celebrating? How stupid can liberals beat that their own children are addicted to drugs because of their foolishness. You heard me I'll spell it out for you. Your own liberalism is killing your own children, the reverse of what you think is true as trope. Well, if you haven't been keeping up with the news, there's enormous news. I mean, I'd like to tell you that we could just relax and all go home. And you know, go on vacation and open our presents. We can't we can't because there's a government within a government. And it's a government that does not represent the best interest of the American people like put it to you that way. How could you listen to Pelosi and Schumer with such arrogance saying we don't wanna wall we don't need a well, what do they want? They want millions and millions and millions of illegal aliens pouring over the border like locusts. Why who does that benefit does it benefit the average worker in America? Can we can we use common sense from it and not be emotionally swayed by fake pictures of little children are crying? Let's use commonsense. Who benefits from an influx of illiterate? People who have no skills whatsoever. You don't who does not benefit those who benefit. Would be those who need millions of workers in the fields in hotels in factories. That's if they get them out of that crowd, and they may slaughterhouses factories farms. Many of the illegals will take those jobs. Let's not be foolish about it. Unless you've been in a factory recently and looked at the workforce, you don't really know what you're talking about. So that's the first issue the factories the farms the slaughterhouses the hotels all run on illegal immigrant labor. I'm real on this. I know how it works. That's a problem that could be solved without illegal immigrants, by the way. Number two. What's happened to the educational standards in California, California went from being number one to the worst in the country. Why there was no other reason? But the influx of illiterates from the third world period and the story. Let's stop mincing words are going to professor Schmendrick. I don't eat professor Schmendrick for the school of education in Berkeley to tell me why we have collapsed as a nation in the schools. We know why? Fluff schools with dummies does speak English, and you spend most of your money as English as a second language. They don't learn bath. They don't learn any of the other skills that are needed in this society. So the schools are melting down in the states where there are large populations of illegal aliens. What about the health of the nation plane, physical health it has greatly diminished because of the flood of illegals who are coming in with diseases case in point Zico didn't exist in the country until they came in. There was a resurgence of other diseases that had been eliminated in this country. Diseases that have been largely eliminated are now resurging in America because of the illegal aliens, I don't need the New York Post to tell me, I'm right? I know more about it than any of the reporters. Do I don't need the New York Times to sniff and tell me whether I'm right? I know more about it than any of their reporters know about it. Because I'm I'm less biased than they are. I can read the data. I don't have to read the newspapers, I read the scientific literature. What little there is of it indicates that we have disaster in this country as a result of the influx of what forty fifty million sixty million. How many how many since Obama took over is a thirty million. You really think there are thirty million illegal aliens here, they keep saying eleven million. Don't you love it eleven million? I heard the same number since I began radio nineteen Ninety-four. They want to raise their live from eleven million to twelve million. Oh, there's eleven million illegal aliens. That's what the CNN keeps reporting. My estimate fifty to sixty.
"seventy five billion dollars" Discussed on BizTalk Radio
"The two thousands because it's a huge is such a huge business nationwide or worldwide predominantly Asia Saudi Arabia. I mean it's seventy five, billion dollar industry in. The coffee things natural for Africa now is that is that is that in hopes of of is that for holistic, purposes or is that going to be be a coffee company as well Hi, biscuits is the same thing essential oil the teas Sapien Google it you'll find fifteen, twenty different health benefits to being in that heart? Healthy, category it's where I like to Africa is going to end up being a, holistic, I shouldn't say medicine but a holistic products company correct right we're, just gonna, continue to. Grow we, have access the United spent six years there basically is the investment banker. In the country and I think we should talk about that, too because you you created investment banking somewhat with the with the government of west African yes So basically you went down there and they talked to a guy and you were vetted like near the vetting process, down there you created investment. Banking the minister the former minister. Of finance, invited me to come and. Help build the soccer games they have they still have a small stock exchange. Only had a couple of public companies at the time but they needed help. They need guidance so, the asked me to come, down, so. I set up investment Bank I. Help them with the exchange I created the testing created the the study material needed to for, people to pass and get licensed similar to what our series sixty five would be, as a financial adviser interviewed maybe five hundred different? Bankers Hired twenty to be investment bankers to be financial advisers put them through the rigors of our series, seven would be this studying Infrastructure that actually what's interesting here. Is then a black swan event. Happened, that that oftentimes scuttle stock Marcus for example a nine eleven event would have been okay a World War would be diseases also. You. Brought up a word yesterday when you and I were to meeting that scuttled the whole thing or. At least paused everything sure that was what. The Abullah look restless boulevard Something that's God shut down three, countries countries, three countries, not just, you know, companies countries. It was it was brutal Terrible. Thing that happened Thousands and thousands. Of, lives were lost yeah I just turned upside down a couple of the largest mining companies in. The country, that were training, on the aim went bankrupt billion dollar. Company The moral of the story I know, you're humble guy the moral that story is Africa comes out of it and you come out of the ashes and you're successful along with talk talk. A little bit more about about the Leone, asset management philosophy because I want to spend a whole segment on on. The in and of itself so also in addition to the, agriculture project we have some infrastructure development sub Saharan. Africa the next fifteen hundred years it'll be the most the largest build out. Infrastructure wise worldwide and we have a two hundred sixty, seven acre, granite quarry has. About a two billion dollar asset, in, granite may need it they need the rock to build roads to. Build airports dams bridges whatever it is and so is your heart your say your hearts for the people as much of, this for the business? So, now you're. The any. Any chance of you any chance you going back. There and then stand fulltime. At some point is that. The drink, no probably, not, all trout just keep, travelling back and forth back and forth I have a great team it's on the ground there we have you know well over one hundred employees I, love the, idea of of Developing self worth. People you know they've. Been through a, lot they, went, through a civil war, you know everybody saw the movie Egypt Jim prices are is our guest. Today he's the CEO of Leon asset, management their stocks by the way it is publicly traded l. e. n. and of course think big. Win the world is there is there tagline go epic, health, pharmacy, Africa The two big price for websites we're talking about today but we're gonna talk about cholesterol because I tell. Me about Dr j. Robert Cade sheriff has that's an interesting story that nobody probably even knows them. Yeah you're right no one knows picture. Was kind of funny when I was, on last week and I liked the reference that the Russ had he pulled up the bottle and. Had Dr Cates picture on the back of the old, milk, cartons Reference right right now zapping pretty good on that was good but. No so, Dr Cade was the inventor Gatorade everyone knows Gatorade they'd really don't a, lot of people don't majority people don't know the story behind that. The doctor Kate invented Gatorade. For the university of Florida football team that year he. Invented, it they. Went onto win the Orange Bowl Steve Spurrier when the Heisman Trophy fantastic story long story short PepsiCo through the levels of transactions. Almost fourteen billion dollars for fourteen billion dollars to get to Quaker Oats Quaker Oats which on why Why they did it absent minded waiter it's. Not for the meal for. The fiber one bars they bought it, for the Gatorade absolutely and then and then, and then, and then the rest of the story, we're going to tell you the second because from that.
"seventy five billion dollars" Discussed on Bloomberg Radio New York
"Industry being this company last week with bursts on twitter i think it's lost like seventy five billion dollars market cap in that time period what's the story it is strange one actually because if you think about the way that trump's been talking since the election you know he's been claiming credit for the surge in in the stock market and now the tech stocks correcting declining to classify it seems you piling onto amazon exacerbating the problem is i'm the reasons he's attacking amazon the here he was talking about the way that they create huge losses in the postal service will the is not really the case the postal service makes money from amazon it loses a lot of money because of its is pension and healthcare liabilities the but ultimately you know he has been his bonnet about the broader jeff bezos university of course he owns the washington post independently of his arms and holdings and he's he's clearly saying it as a way to attack him on his broader front as possible say clearly nothing's clear with donald trump that's a very good point and by the way stock markets are finally reacting to that now let's let's talk about something else a couple of days ago it was april fool's day not only the us i guess in the in the uk they do that to here they call it appeal appeal in germany same kind of thing and elon musk for his joke tweeted that tesla was going bankrupt which is kind of a little too close to the truth to be funny for a lot of investors yes setting amount of tone deafness perhaps for the for the for the people who are take this big believers in april fool's day will is a great pride because it seems that might be something that's true but i think the the issue here is really the the interest certain arrogance tesla for years they've been saying we will hit this production number in this quarter and they never meet it and increasingly that seems to be the sense amongst the investor community if you look at the size of the.
"seventy five billion dollars" Discussed on Super Station 101
"Call laura now one eight five five forty laura we're losing three hundred seventy five billion dollars with china it could be five hundred and four billion pending on the way you count no matter how you counted sped and we're doing something that will be the start of making trade with china more fair it was so far down and our presidents frankly our past president should never have allowed this to happen he's right about that and finally china takes notice slapping tariffs back on american goods including some agricultural products big mistake for china to do this on our everybody knows the bully was hit in the face with a slingshot and then the bully keeps trying to come back well now it's a bully what do you expect it's a communist bully they've had their way for decades almost two decades now it's not nineteen ninetyfive any longer i wish it were before we got into this mess with the wto and they weren't able to tame china china decide we're going to do whatever i want it joining us now and i'm delighted he's with us harry kazianis is a director of defence studies center for national interest joins us now the sky is falling harry hear about all these globalists' out there and the wall street journal and the new york times all the enablers of china in the media saying oh the president is throwing the whole country into chaos with these tariffs what's the real truth here laura it is the sky is not falling this is what leadership looks like this is what it means to make hard decisions make me campaign promises and actually follow through with them and to be very honest with you laura this is this this whole situation with china is so much bigger than economics yes we have a three hundred seventy five billion dollar trade surplus deficit excuse me with with beijing that's equal to the size of austria puts out every year so that is a huge amount but it's it's so much more the chinese have taken so many actions against us over the last decade that there was found to be a push back and the obama administration never did it just look at what happened under under the prior administration.
"seventy five billion dollars" Discussed on News 96.5 WDBO
"We're losing three hundred and seventy five billion dollars with china it could be five hundred and four billion pending on the way you count a lot of different ways of counting but no matter how you count it's bad and we're doing something that will be the start of making trade with china more fair it was so far down and our presidents frankly our past presidents should never have allowed this to happen this has been many many years now i think there's another another approach or another way to analyze what we're doing to china and how china could respond which is you know how outrage can they really be that if they're gonna charge a fifteen percent tariff on something we'll try to fifteen percent tariff on if we catch them stealing our intellectual property we're going to retaliate but on the trade issue where it really is about the numbers seems to me that this should be in a reasonable minds could prevail here i don't think they will on the chinese side effects because they liked the advantage that they've had and they've got their own domestic political considerations story about very interesting i mentioned i like to talk about the soviets because i think that puts it into that sorts of put us in a frame of mind here where in spit instead of thinking about it first and foremost as a military competition between two superpowers we're in economic competition between two superpowers but this was a quote that i i saw online is actually in the times from a former china analyst for the fbi who who said the the following to the times quote if a beach were a target the russians would send in a sub frogmen would steal ashore on the dark of night and collect several buckets of sand and take them back to moscow the us would send over satellites and produce reams of data the chinese would send in a thousand tourists each assigned to collect a single grain of sand when they returned they would be asked to shake out there towels and they would end up knowing more about the sand than anyone else in other words the chinese have infinite patience and quote that's what we're up against now you start now it.
"seventy five billion dollars" Discussed on WBZ NewsRadio 1030
"More than three hundred seventy five billion dollars driven by low cost labour and trade policies he says unfairly favour beijing mr trump's set in motion billions in tariffs on certain chinese imports it could be about sixty billion dollars but that's really just a fraction of what we're talking about commerce secretary wilbur ross we will end up negotiating these things rather than fighting over the chinese embassy accused the president of quote ignoring rational voices adding china is not afraid of and will not recoil from a trade war fears of exactly that led to a dramatic sell off on wall street the dow closed down seven hundred twenty four points or just under three percent clearly the tariff was the big trigger cbs business analyst jill schlesinger a tit for tat trade war would be bad for both sides today's tariff announcement fulfils it long standing campaign promise what was the last time you said oh gee we'd be china we can't continue to allow china to rape our country one of the president's concerns chinese firm stealing us technology patents and making similar products for less china also holds the largest portion of america's twenty one trillion dollar debt that leverage and fears of retaliation created anxiety among republicans in congress iowa senator charles grassley guy would advise our people in the executive branch from the president on down to be very cautious how you approach it they've ministration has fifteen days to identify which chinese imports will face the new terrorist and we'll be at least thirty days after that before those tariffs actually take effect giving both nations time to find if they want to another way jeff major garrett pulling double duty tonight major thank you from the white house very much now the reaction including those threats from china ben tracy is in beijing come would is made in china products grow says this child it has definitely threaten the us conservative chinese media is using kids to issue trade threats we will freight back fearlessly says this child if they have i do us we will cut out that i want you it's official response china's foreign ministry specifically mentioned boeing airplanes and use soy beans as examples of major us exports that could become targets of china's retaliation tariffs.
"seventy five billion dollars" Discussed on The IVY Podcast
"Chris omon an internationally recognised missing champion is the embodiment of worklife balance woman has performed is unique gifts for the likes of president george w bush the tonight show thousands of fans at nba halftime shows in over four hundred people on the burke's every year by day is managing director at the carlyle group an investment firm with one hundred seventy five billion dollars under management at a board member at the fun for american studies alive conversation with ivey woman shows how is used as simple gift to touch hearts change lives and bridge the gap between personal and professional happiness awhile giving tips for had up your with sunshine along the way earth go well greetings thanks peter it's great to be here and sometimes people are shocked when they hear their even is a international whistling competition there is such a thing and for more than 40 years it's taken place in this little town in north carolina call lewisburg now which is around thirty miles north of raleigh and it's a sleepy little town and at this point around forty five years ago that someone was at a talent show and uh that had been going on for a while and said hey can i whistle in the talent show and the organizers work on a thrown back by this because there was no one had ever whistled and the talent show so they allow the person to compete and he won said that actually kicked off the what was then the national whistling competition and then turned into the international competition.
"seventy five billion dollars" Discussed on Talk 1300 FM
"The cowards in this it die but against a metaphor the gates that only two i guess really matter there the yet conspiring to conceal from the government oh about seventy five billion dollars unregistered foreign agents were ukraine i might add years before the 2016 election right and also a a money laundering conspiracy which uh it is interesting but again there's this sounds like paperwork stuff to be like the stuff of major fellow these in most instances well money laundering has become the prosecutors favorite play thing because any time you of any money that improperly obtained and you put it in a regular american bank that's money laundering and money under and carries a 20year sentence and so money laundering is often used as part of the extortion by prosecutors the plea bargain usually will be if you plead guilty we'll drop the money laundering and then the maximum penalty will be the five years for conspiracy not the twenty years from money laundering so the only throwing money laundering two very hard case to me but they throw it in in order to have a threat and a poet courts are getting wise to this and starting to throw out some money laundering cases because moneylaundering is in a real crime often it's just putting in a bank account funds that you obtained illegally from another crime so they just the money wandering as but kale on the dog would it becomes the dog itself because it has the twenty or sense as a farce failing to register as a foreign agent uh i guess this is pretty much a slam dog but they don't usually prosecute listed a criminal fashion show they almost never do there was never do i think they're in six cases since the.