35 Burst results for "Thirteen Billion Dollars"

Teledyne to acquire Flir Systems in cash-and-stock deal valued at about $8 billion

MarketFoolery

05:33 min | 3 weeks ago

Teledyne to acquire Flir Systems in cash-and-stock deal valued at about $8 billion

"We're going to start with the deal of the day. Teledyne technologies is buying clear systems in a cash and stock deal. That's in the neighborhood of eight billion dollars which is a pretty nice neighborhood. Flare systems is in the business of thermal imaging cameras and sensors shares up about twenty percent this morning shares of teledyne down more than seven percent. Anytime i see that disparity jason the first place my brain goes is people on wall street thinks to teledyne whatever they think of flare systems. They think taliban overpaid well i mean. That's that's certainly possible. I mean it's very much in line with that. Typical move that we see with with the acquirer stock getting hit because the burden of proof ultimately shown them to prove that this is a sensible acquisition I do see the interest though here in a little context of systems a company. I've been following for a while now and it. It's actually a recommendation in or augmented reality beyond service of added in there for for a while and understanding that business. I definitely understand the interest coming from teledyne here. And so i i forms. What flare does you mentioned. Thermal imaging mean that ultimately is what they are into thermal infrared imaging. They consider themselves the world's six cents if that gives you any idea but They they make their money by selling cameras and sensors and the related technology with that main focus on thermal and infrared imaging in these are these are cameras that can can do all sorts of things from detecting elevated body temperatures to chemical biological radiological nuclear explosive threat detectors so they have industrial side of the business which generates about sixty percent of the of the company's total revenue in the defense side of the business. Well which generates about forty percent in similar business is is to teledyne but is it. There's not a lot of overlap. I think teledyne is really interested in that thermal focused in given the the neat things thermal is doing. I can understand the forward-looking the looking major acquisition getting that thermal technology. So this is as i said. The deals worth about eight billion dollars. Teledyne is on. Its own a thirteen billion dollar company. Yeah do you think does that. Strike you as odd. It always strikes me as odd when when we see a deal and the acquiring company is not dramatically bigger than the company. They're buying yeah. It is it is a bit of a not quite a merger of equals but but close to that in again. I think the main the main idea here is being able to bring all of this. Ip in house in leveraging that to to the fullest extent. And and. I think one of the interesting things about flare is that it's it's a vertically integrated supply chain so that means they keep their supply of their manufacturing basically in house or they control a lot of that and inflator until nine together that both companies that really value and protect their ip right their intellectual property in this sensor market. But because there's no overlap there not something where they're going to be talking about would link alita trimming the fat and whittling away unnecessary expenses in leading part of part of business. Just because there isn't really that much. Overlap i mean sure there will be some some consolidating costs that come with all this and Whatnot but when when you look back to the thermal imaging nature the stuff that is doing one on one of the things. I really like business up like for a while. They do a good job of partnering up with other tech companies out there in doing really neat new things and so another company. I've talked about on this show before in a stock i also answers is a company that actually partners with clear. F- lear an ancestor partnering together in order to deliver detection solutions for assisted in assistant driving autonomous vehicles. So flare ultimately like you see this. This debate as to whether lied or thermal imaging is is the more appropriate platform or censor for for autonomous vehicles and lied just kinda like laser detected distance. Assessors light has some shortcomings particularly when it comes to adverse weather conditions and flair because that thermal imaging is seen seen as a better option as opposed to guide. Our for autonomous vehicles is fleeing an ancestor doing a lot of work in that autonomous vehicle market. While that's very nascent. And i think we're still a ways away. I just think it goes to show the type of technology that you're dealing with here. And they're also part of those those microsoft hollow lenses in all of the different applications that you can undertake those things so it's just. It's a lot of neat technology. They're are very focused on protecting that. Ip i understand why television would like to bring that in house in it. Sounds like they're going to pay. They're going to pay a fair price. And when i when. I recommend that the stock was trading around thirty two times earnings and this this implies about thirty six times trailing earnings so they're not paying through the nose i betcha flare could probably held out and gotten a little bit more out of it but it. It's it's i think fair price for good business.

Teledyne Flare Systems Taliban Jason Alita Lear Microsoft
Apple continues purging games from China App Store as it enforces new licensing requirements

Mac OS Ken

01:24 min | Last month

Apple continues purging games from China App Store as it enforces new licensing requirements

"Cult of mac ran a piece last week. Saying apple kicks somewhere in the neighborhood of ninety. Four thousand games out of the app store in china in twenty twenty that is way over the twenty five thousand that kicked in two thousand nineteen according to a piece from the wall street journal cited by the cult quoting the report. The escalation comes as china. Works harder to clamp down on illegal content on mobile platforms. The journal says the larger number illustrates apples vulnerability to state pressure on its business. Sounds like a giant cluster. Thing to be honest earlier this month the p. says apple warned developers that it might delete other apps says well due to chinese regulations. That video games must be licensed prior to release that's reportedly top to do especially for foreign developers while the individual developers have been hit. Apple's bottom line has been as well according to estimates from the app intelligence firm center tower game revenue and china only grew fourteen percent this year. That's down from last year's growth. Twenty one percent and well below twenty twenty s global games revenue growth of twenty six percent that said fourteen percent growth still lead revenue of thirteen billion dollars according to the report

Apple China App Store The Wall Street Journal MAC The Journal App Intelligence Firm Center T
Adobe expects today to be the biggest online sales day in U.S. history

AP News Radio

00:36 sec | 2 months ago

Adobe expects today to be the biggest online sales day in U.S. history

"Americans are expected by billions of dollars worth of items on this cyber Monday it cyber Monday and experts expect us to shatter records with our online buying adobe analytics says this may be the largest online sales day ever in this country what's hot apple airpods Samsung TV's video games and lego sets and groceries and alcohol that's something we pretty much bottom person before the pandemic analysts say by the end of the day we may have spent almost thirteen billion dollars I'm Rita Foley

Adobe Samsung Apple Rita Foley
Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

Techmeme Ride Home

02:21 min | 4 months ago

Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

"Nikola is one of those electric vehicles startups we discussed recently on a weekend bonus episode it's an electric vehicle startup not named. Tesla remember and Nikola is one of those startups that's also focusing more on trucks. Yeah well, the founder of Nikola Trevor Milton has abruptly resigned as executive chairman of Nikola amid what the Wall Street? Journal. Is Calling fraud allegations quote Nikola, which went public in June through a reverse merger has come under scrutiny. Since Short Seller Hindenburg research released a report earlier this month accusing the company and Mr Milton of making exaggerated claims about the readiness of Nicholas Technology, and how much of it is proprietary doubts about the company's readiness to produce vehicles and questions about its claim to own proprietary technology have prompted US securities regulators and the Justice Department to investigate whether Nikola misled investors. The Wall. Street Journal reported earlier this month citing people familiar with the matter Nikola has called the. report false Mr Milton said in a company statement that he had asked the board to step down. So the focus was on the business not him. He added in a separate statement posted on his twitter account. Early Monday that he intended to defend himself against quote, false allegations levelled against me by outside detractors and quote Mr Milton thirty nine years old founded Nikola twenty. Fifteen and owns nearly one quarter of the Phoenix based companies shares according to fact set he served as chief executive until the company went public at which point he became executive chairman and Mark Russell was appointed as CEO investors have seen Mr Russell as a calming influence over the bullion behavior. Mr. Milton who has frequently vented frustrations and shared ideas via twitter and quote. More. Details I learned about Nikola today while researching this segment GM recently said it would take an eleven percent stake in Nikola in exchange for helping to engineer and build an electric pickup truck called the Badger and Nicholas Stock was down twenty one percent in this morning's trading that nonetheless still gives it a thirteen billion dollar market cap. This just popped up on tech crunch quote news is breaking that Trevor Milton Nikola Co founder, and former executive chairman was arrested by the DOJ FBI at Sky Harbor Airport in Phoenix Arizona. This morning this is so far unconfirmed and quote.

Nikola Trevor Milton Executive Chairman Trevor Milton Nikola Co Mr Milton Mr Russell Tesla Founder Twitter Sky Harbor Airport Street Journal Phoenix Fraud Nicholas Technology Mark Russell Nicholas Stock United States Arizona Chief Executive GM Justice Department
Trump shifts on Puerto Rico, releases aid as election nears

AP News Radio

00:44 sec | 4 months ago

Trump shifts on Puerto Rico, releases aid as election nears

"As president trump courts Porter Rican voters in the U. S. he's announced a massive aid to help repair years old hurricane damage on the island for years the president's blasted Porter Rican leaders as corrupt and inept and resisted spending to rebuild the U. S. territory's infrastructure wiped out by hurricane Maria in twenty seventeen but now I'm the best thing that ever happened to Porto Rico announcing thirteen billion dollars in assistance asked why it's coming weeks before the election the president insists his administration's been working on it for a long time very tough to get things passed Democrats where they don't want to see this happen Democrats in fact had approved the funding they had pushed for its release Sager mag ani Washington

President Trump Hurricane Maria Porto Rico Hurricane Ani Washington
Warner Music Group prices IPO at $25 a share to raise $1.925 billion

Balance of Power

02:34 min | 8 months ago

Warner Music Group prices IPO at $25 a share to raise $1.925 billion

"That time now for our stock of the hour it is Warner Music Group which went public earlier today it's been held off for a day or so it's gone public and then the price is actually gone up since it started trading we are joined now by kill whites to take us through the Warner story yeah David started trading just over half an hour ago right now the stock up the better part of six percent trading around twenty eight sixty one a share that's after it priced at twenty five dollars this morning the midpoint of the marketing range raised about it one billion one point nine three billion excuse me in the listing which which I should point out I was actually up size seventy seven million shares up from just seventy million makes it one of the biggest offerings we've seen so far in twenty twenty and values the company at nearly thirteen billion dollars of course even as you alluded to this was delayed from yesterday to observe the music industry's blackout Tuesday to support the protest against police brutality in fact it was really delayed about three months because of the pandemic so the fact that the company now has come public we're seeing it being taken pretty well by the public markets sends a pretty positive signal about potentially renewed strength of the U. S. offerings after we saw those really put on pause for a while because of this pandemic David yeah exactly I wonder whether it says more about the history of the equity market which is really on its way back with that says more about the state of the music market is the music market sort of stay at home kind of business well it's a little bit of both isn't right we've seen obviously increased demand for risk on the part of investors and it's not just a big week for Warner music we're about to see six point four billion dollars in IPOs total this week some definitely revival of companies coming to the public markets but on your point about the music industry of course is really is a lot about streaming Warner music especially is very catered towards streaming about seventy percent of its revenue comes from digital sales Spotify apple for example account for about twenty seven percent of revenue be looking at the last fiscal year in fact that is everybody is home bound we can't go out to concerts etcetera to get entertainment lately is giving an added boost to Warner music here yeah let's be honest Kaylee I've downloaded more music club and stuck at home that you have to do so maybe it's Happy Days are here again for the music business which let's be honest has really gone up and down down initially string was not too good for it yeah absolutely there's been a lot of back and forth for certain and not only is this good for the music business I would point out to you that the man who really is making all the money from this IPO land blah blah Finnick excuse me I'm totally butchering that name you do a far better job job but he actually is getting eighty five percent of economic interest in this ninety nine percent of the voting right is basically all of the proceeds from this IPO are not going to Warner music they're going to

Warner Music Group
PG&E's bankruptcy plan wins support from wildfire victims

KCBS 24 Hour News

00:30 sec | 9 months ago

PG&E's bankruptcy plan wins support from wildfire victims

"P. genies plan for getting out of bankruptcy has now won overwhelming support from the victims of northern California wildfires the fires were ignited by faulty PG&E equipment the victims back to P. genies below press despite concerns that they will be short changed by a thirteen billion dollar fund that is supposed to cover their losses P. Jeannie remains on track for meeting a June thirtieth deadline to emerge from bankruptcy that's just about five six weeks

California P. Genies P. Jeannie
Coronavirus came to New York from Europe, not China, governor says

10 10 WINS 24 Hour News

01:13 min | 9 months ago

Coronavirus came to New York from Europe, not China, governor says

"Well early on in this coronavirus discussion much of the focus was on China but now word that many infected people came to New York from Europe it's likely that thousands of new Yorkers were infected in February as the pandemic was hitting Italy according to new research governor Cuomo highlighted in his briefing he says the U. S. banned flights from China but not from Europe until weeks later the horse had already left the barn by the time we moved a researcher now says knowing the number of flights coming to New York from Italy was like watching a horrible train wreck in slow motion almost as the state is expected to lose more than thirteen billion dollars in revenue but it can't legally declare bankruptcy as Senate Majority Leader Mitch McConnell has suggested until Congress changes the law you want to send a signal to the markets that this nation is in real trouble you want to send a international message that the economy is in turmoil do that allows states to declare bankruptcy legally because you pass the bill the governor also read aloud a letter from a farmer in Kansas who wanted to help healthcare workers in New York enclosed Farid a solitary N. ninety five masks he said that generosity of spirit makes up for the

China New York Europe Italy Researcher Mitch Mcconnell Congress Kansas Governor Cuomo Senate
Airline industry forecasts $113 billion hit from coronavirus

WTOP 24 Hour News

00:37 sec | 11 months ago

Airline industry forecasts $113 billion hit from coronavirus

"The travel industry is getting hit hard by the corona virus as people stay home to avoid crowds CBS travel editor Peter Greenberg said the impact of the corona virus outbreak on international travel is huge they could take a one hundred and thirteen billion dollar hit we may lose more airlines so if it's a deal you're looking for in your okay with flying now is the time to check out those fares and schedules what about travel insurance should you buy it if you're concerned about the possibility of contracting the virus on your trip you know you can't buy fire insurance after the second four catches fire every insurance policy that I've seen lately has an exclusion in there about

Peter Greenberg CBS Editor
Coronavirus could slow down world wide travel spending

Ben Shapiro

00:27 sec | 11 months ago

Coronavirus could slow down world wide travel spending

"There are estimates that travel spending worldwide could drop thirty seven percent because of the coronavirus losses are piling up for the airlines Perry flint is with the international air transport association in a scenario where the disease spread extensively we could see revenues fall by a hundred and thirteen billion dollars so that it's around nineteen percent those concerns have stocks weighed down again today the Dow was off

Perry Flint
Dallas-Based Southwest Airlines Drops Revenue Estimates $200M-$300M Because Of Coronavirus

WBBM Afternoon News Update

00:25 sec | 11 months ago

Dallas-Based Southwest Airlines Drops Revenue Estimates $200M-$300M Because Of Coronavirus

"One the travel industry is already taking a hit from the virus it could cost airlines as much as a hundred and thirteen billion dollars in lost revenue CBS is Kris van cleave southwest about that yeah this month expect coronavirus will cost between two and three hundred million dollars if demand continues to drop you're not over the course of several months you're talking about a huge impacts few airlines

CBS Kris Van Coronavirus
Intuit wants Credit Karma  along with all the data

Marketplace Tech with Molly Wood

04:31 min | 11 months ago

Intuit wants Credit Karma along with all the data

"Everyone wants a piece of your finances. Apple Amazon. Google even Uber are getting into Financial Services Neo banks offer all digital checking accounts and now into it maker of Turbo Tax quickbooks and meant wants to buy Credit Karma for seven billion dollars. Credit Karma offers free credit scores tax. Prep and helps people shop for credit cards and loans into it says it wants to build a personal financial assistant that uses your data to connect you to even more credit cards and loans. Here's into its CEO. Sasanka Darcy. Yeah our vision is very much an it's of course shared with Credit Karma Our vision is to put the power of choice in the consumer's pocket. We truly want them to be able to carry around a financial assistant that at any point in time they can connect a product. That's right for them and all the choices are in front of them. You know part of the challenge is if you're picking a credit card you don't know if actually is the one that's right for you with the best rate if you're picking your auto loan you're more negotiating the fee of the or the monthly payment of the car versus you getting the best rate. This is about putting choice and truly the pocket of the of the customer and letting them know what's right for them and improving their financial life. So that's that's the really the vision that separately both Credit Karma and into it having together we believe we can accelerate the by ten years. Well let's pivot to data. How valuable is that? One thing you're getting with his acquisition is of course a lot of personal data that credit card has been known for not selling. How valuable is that data? And do you expect to monetize it in the future? Whether you know let me start with our data stewardship principles that it's the customer's data not ours that we will never sell the data and the data will never be used without the customer's consent and when they can send it will only be used for their benefit as we look ahead. Doubling down on those principles collectively is important. And it's really pulling together the data for the customer so it's in their hands just as a as a practical matter. Can consumers say I may have opted into sharing my data with Credit Karma but now with into it and I would like to withdraw. Yes absolutely. It's a pretty big purchase? And we're seeing a lot of other consolidation and the rest of the tech industry is having questions asked about consolidation. Antitrust is the. Are there any concerns that here? Yes we're going to be working very closely with regulators to provide all the data that they need a thinks who the market structure and. We're actually quite confident in the outcome. Because at the end of the day regulators job is a very important one to ensure that whatever's being done is good for the end customer and the end consumer and in this case is going to fundamentally propel The choices for customers to help improve their financial health so we feel really good about just the impact this is going to have for the end customer and then how does consumer financial literacy play into all of this is that you do consumers have right now the financial literacy to play at this high level or is it part of your goal to increase that as well well one our job in Credit Karma. Does this very well today? Our job is to make things drop that simple so that really the consumer is making a choice of what's right for them in a very very transparent fashion and so making sure it's easy and seamless intuitive will always be the goal with that said part of what the two companies are separately already doing and when we bring them together it'll just simply accelerate. It is educating consumers on how to improve their credit rating because at the end of the day your credit rating drives what. You're able to get that. What interest rates and so helping them understand the utilization on credit cards helping them understand making payments on time helping them set goals around making all their payments on time. Those types of things is what teaches consumers. What they should be doing so that they can improve the health of their financial life. And that's part of what we will continue to accelerate doing beyond just connecting people to financial products is educating them so that they can ultimately improve the health of their of their life. Society Guitars is the CEO of into it. The deal is the third big fintech merger announced in the last two months. Morgan Stanley said last week. It Oh by E. Trade for thirteen billion dollars and Beza up digital payments processor plaid for five billion in

CEO Apple Google Turbo Tax Sasanka Darcy Morgan Stanley
Morgan Stanley to Buy E-Trade, Linking Wall Street and Main Street

Wall Street Breakfast

00:27 sec | 1 year ago

Morgan Stanley to Buy E-Trade, Linking Wall Street and Main Street

"Most talked about deal of the week. Was Morgan Stanley's thirteen billion dollar. Acquisition of trade which sent the letter shares up twenty one point eight percent on Thursday. It's the biggest takeover by a major American Linder since the two thousand eight financial crisis and highlights continuing trend of Wall Street giant striving to get even bigger the transaction. We'LL GIVE MORGAN STANLEY. A larger share of the online trading market amid zero commissions war in the brokerage industry that is weighed heavily on profit margins.

Morgan Stanley Linder
Morgan Stanley buying E*Trade for $13 billion

News and Perspective with Tom Hutyler

02:18 min | 1 year ago

Morgan Stanley buying E*Trade for $13 billion

"World today Morgan Stanley is buying key trade for thirteen billion dollars reporting on this in the Washington post is Renee Merle who joins us now on the como Newsline and as you report this is the biggest takeover by a U. S. bank since the Great Recession how big is eateries footprints in the investment world more than five million clients and you know hundreds of billions of dollars in assets some of you know big not just in terms of injecting the numbers to reach that this gives Morgan Stanley more completely you know no more more than I think it has a lot of what the client of the trade give access to you know mom and pop investors a whole new market what is it mean for those mom and pop investors that use the trade any big changes coming be a significant amount of trade strangers that you trade that iconic name will remain now they might now start feeling that they're getting advertised to do you owe more activity with Morgan Stanley maybe U. K. they'll get the opera checking account or savings account with a horrid feeling or other types of wealth investment advice for Morgan Stanley for the hoping to find some synergy there what they'll be able to take from the trade clients and offer them different types of products the big banks getting bigger might make some people nervous our regulators likely to approve this file we'll have to see but I think it's going to get a lot of scrutiny not just to regulators but from Democrats on and on Capitol Hill Ashley from Democrats who are still skeptical of big things like Morgan Stanley that had to get bailed out after the financial crisis the idea of them getting even bigger really Kerry to come people so we'll see whether regulators are okay with Morgan family picking this really big staff our any other banks trying to buy up these investment companies we kind of thing you learn in it five what and like we mentioned this is the biggest of acquisitions since the crisis a most big and burly skeptical of doing a really I'm hesitant to do these types of a big deal up until now so Pete if this deal gets approved by regulators yes we could see more acquisitions in this area for store thanks for a moral financial reporter for The

Morgan Stanley Renee Merle Como Newsline U. K. Kerry Pete Reporter Washington Morgan
Morgan Stanley to Buy E-Trade, Linking Wall Street and Main Street

MarketFoolery

06:34 min | 1 year ago

Morgan Stanley to Buy E-Trade, Linking Wall Street and Main Street

"Start with the big deal of the day and that Morgan Stanley buying e-trade. This is an all stock deal valued at thirteen billion dollars and this shouldn't be super surprising. I guess it when you think about the ripple effects of last year when Schwab said Yeah we're going to cut our trading commissions zero and cut to however many months later and e trades like. Yeah Yeah we'll we'll we'll let ourselves be acquired for that price yeah E. Trade has Grown into a large Large company with plenty of money in it and plenty of assets and accounts but having really built its model around take control of your finances by trading stocks and you know that that portion of the business being making money off of every single. One of those trades gone They needed Sort of the new business model to to marry up too and they found one. I was a little surprised to see right at the open this morning. Shares of Morgan Stanley. Were down like four five percent. And I just you know in in my limited analysis. I thought I I'm I'm not sure you know that's not a huge drop and it has come back up from there. Were right before the. We walked in the studio check. Maybe only down one and a half percent but it seems like a good deal for Morgan Stanley. They think they can get half a billion dollars out of quote unquote synergies over the next three years and the resulting firm is going to have three trillion dollars worth of assets. I mean their ability to use the deposits within each raid to help fund their lending operation. It seems like a good deal for Morgan Stanley. All right well up until recently The the standard movement of stocks on an acquisition would be the acquiring company went down in the acquired company went up so I think that's one thing to remember. Is that an acquirer. Having its stock go down is not all that unusual and I think. The implication from the market's initial reaction. Which as you pointed out might be more muted. As the day goes along is that this was an acquisition of assets. But maybe paid more than you had to It's it's not not a jaw-dropping price but I think Goldman Sachs has come out and and sort of promoted themselves by saying that. They built their own Funnel of similar assets or Marcus. And you know that baby Morgan Stanley is overpaying compared to you know what the market rate is for a pile of assets and the business and a platform as well the comes along with those assets but really the value seems to be that whereas e-trade people fund their accounts. They leave a certain amount of money in in cash and E. Trade pays them pretty little for that and invest that into largely mortgage-backed securities and now that spread which is pretty tight and going to remain tight in the low interest rate environment. They can bring that over to Morgan. Stanley who need assets Because they like to lend to Richer people that Will end up paying a little bit more. And our our barring the money With a little bit more risk than the more mortgage backed security market that E. Trade was getting all of its revenues from basically the the float the spread on that. You're absolutely right all of you next topic there was a I I was GonNa say you're absolutely right. That all things being equal the average deal of two public companies the acquiring company their stock drops. A little bit. I was surprised at the amount it had dropped. But you're right. No one should be surprised that it dropped a little bit. By the same token no one should be surprised the Goldman Sachs direct competitor of Morgan Stanley. Came out and said we think you overpaid for that and by the way. Here's our thing which we built ourselves. I mean no disrespect to Goldman Sachs but if they think that Marcus has a better has better visibility and name identification than e-trade. They're fooling themselves. Well there's There's about fifty billion In Marcus according to what I've read and so that's a little bit more than e-trade okay. E-trade has got the name. Recognition has got the brand but people associated with stock trading which is now free so the where the brand goes is going to be interesting Know once upon a time it was scaled around Commercials of babies trading stocks stroke. Why is there that remember? The trade baby That was a focus of the company for years and a good advertising campaign You just reminded me of the The CEO Morgan Stanley was being interviewed on CNBC this morning and it talked about. He was asked. When did you first start having these conversations with E. Trade and he said well to be perfectly honest back in two thousand and two when I was at Merrill Lynch and I was impressed and at that point I just stopped listening to what I said because I was reminded like Oh right Merrill Lynch. That was a brand that used to exist. You know to your point about E. Trade. We'll see where the brand still exists. Merrill Lynch random exists. I'M PRETTY SURE. Be Of a is methodically. Get eliminating the Merrill Lynch brand. I'm just saying it exists. You can you can go to. There are Merrill Lynch Coutts there. There are and billions of dollars there. Now that you one of the reasons for that maybe that you've got a generation that trusts the name Merrill Not that you're trying to draw new assets in surly Andrew that but you're not going to eliminate that brand as quickly as you might think because there are piles of money there that are maybe not paying close attention but alike the association that they have with with that brand. I don't think it's going away quickly. I just think it's going away and the evidence points to the fact that it's going

Morgan Stanley E-Trade E. Trade Goldman Sachs Merrill Lynch Merrill Lynch Coutts Marcus Morgan Merrill Schwab Andrew Cnbc CEO
Lyft beats revenue estimates but stock falls

CNBC's Fast Money

08:25 min | 1 year ago

Lyft beats revenue estimates but stock falls

"But let's begin with lift because shares are in the red after posting results for more would drove the quarter. Let's go to dear Bosa who's been listening into the conference call. And his more more with us now deirdre Brian. I have been listening in you know in the ride sharing space. We've moved from having a path to profitability to who can shorten that path by the most most uber of course upping the ante last week when it said it would be adjusted EBA profitable by the end of this year earlier than expected. Investors may be looking for lift to push up. It's time line as well from the expected. Late twenty twenty target that outlined previously. Now when I spoke to CFO. Brian Roberts earlier today. He said that they would be addressing that timeline on on the call but so far and we're about thirty minutes then we haven't heard anything we'll certainly let you know if that does happen. So far Logan Green has said that lift is simply making progress rests on that path to profitability. And how to get there have lesson. We expect to deliver continued strong. Top Line growth in twenty twenty well also making progress on our pastor profitability as we've discussed on prior calls their three key themes that we're focused on I is product innovation second is profitable growth grow and third is operating now cfo. Brian Roberts has been speaking on the call for about ten minutes already and still no mention of name any change to that profitability timeline. So despite beat on the top and bottom lines Brian as you noted shares are down more than four percent in the after hours. Remember it did rise on the back of Uber's burnings but it did move up. It's time line now. Another key question. That's likely to be asked during the Cuna. Portion is the impact of regulations while Uber has been making changes to its a platform. Lift is observing them. It says and focusing on a ballot initiative that could exempt them from the GIG economy law now is eighty five which could require the right turn. Companies to treat drivers as employees versus independent contractors. Roberts telling me earlier that the company's twenty twenty guidance assumes the status quo like. I said Brian that call also going. So we'll continue to monitor and bring you anything if it changes the direction of stock price and the after hours. Yeah industrious. Don't like it in the early reaction long way to go to your thank you very much. which kind of dumb luck about it? Okay so you've got the lift CEO talking up a couple of things. One of them is profitability. Wouldn't you like all three to be profitability profitiblity profitability and profitability and. They trust us so few quarters ago. Listen I think this was a very good quarter. I think the reason the stock is down. It's because it's gone from thirty eight and a half to fifty three and a half basically in a straight line and I think people are taking profits on the back of this if you look though terms of margins contribution margin fifty four percent at this time last year forty five and a half percent all the metrics are better and quite frankly scared people might be the full year guide but I think this is a stock that probably got ahead of it's skis in in terms of the stock price. Going back and fill and again. I've said this for a while. I don't think it's going back to that. Sixty three level that it failed at a while back but I think the high fifties absolutely absolutely in the cards. Well more focus on profitable rides whether it's airport drives and whatnot are certainly something to talk about but to to get away from structural profitability issues. That we thought were a a big part of this transportation as a service sector out of the gates. I is crazy to think that suddenly we could've gone from a place and the stocks representative up twenty four percent year today Up Twelve and a half percent into this print over the last five days. It's not a huge surprise when you don't get this renewed kind of fuel for the fire profitability to be clear. They were ahead of Uber to talk about profitability are ahead of Uber. They have a simpler business model but profitability and rationalization in terms of the competitive landscape between these two folks. I'm not sure is is here yet. You Know Karen Listen. They are domestic. Tim's point they do not have the food delivery business. They're trying to remain stable but you look the analysts community. There's thirty eight analysts have covered. This why I don't know but there's thirty. The high price forget the high price target is ninety. The lowest thirty five the median is sixty fifty five year. Analysts community has no visibility into fifty five dollar price difference in targets. That is interesting. I think when they're talking about profitability ability. I think they're getting to break even as the sort of I measure of profitability. And then I think talking about margins is how do they grow this business and grow the margins regions. I actually like lift. I agree with guy. Had it not been up so much into earnings. I think this would have been an okay of Eric Berry. Okay we'll see what he says on the call about. Does the timeline change any. That's going to be really important but I actually like it. For the reason do send it is a cleaner sort of story than Uber. Yeah I would just mention this though you know. Obviously it's a two horse race. As far as the product is concerned. I think the last thing you really WanNa do at this point this far away from profitability to see these companies tripping over each other to kind of get ahead ahead of their skis to kind of get too aggressive on their guidance because to your point about profitability and visibility and investor visibility and then obviously the analysts community. I mean at the end of the day you could. You could obviously Drive a truck through that sort of sentiment. Let's they've laid out there guidance when they're going to get adjusted adjusted whatever that means because that really doesn't mean profitability but I think investors want the path towards and. I'll just say kind of the last point here is that this stock broke out of that. Fifty levels been below there for five months or so I think investors are comfortable on how these guys are going to get to that twenty twenty twenty one guidance. I don't think you want to see them. Get too far ahead of it. It's weird world guy down because it is he's got this discussion. We talk about this company monitoring we gotta talk about Lift Tesla. It might have heard about sure mentioned a few times. Everybody talks in the bull. Case of Tesla's autonomous cars. They're going to drive US around. We won't need ridesharing during or if we do it will probably be in some sort of Tesla or tesla related. Maybe or maybe that's the existential risk to Ford and GM reason why those stocks traded at horribly over for the last six or seven years. I don't know I think you make a fair point. I don't think it's the death knell for the Uber's analysts. I think you have to decide which is better which is better situated. It has a better platform right now and I continue to say it's left now again. I think the run-up it's been such that. It makes sense. People are taking profits but you just look at the numbers. The numbers are improving. You're we're talking about thirty six percent revenue growth quarter over quarter and you over here something about twenty eight twenty nine percent. I think that's an interesting playwright here and again forty eight and a half this way you get back into name but we think about you. It's interesting you bring in Tesla Valuation. Because at least with Tesla there's all kinds of pie. In the sky you could incorporate in terms of their data terms of battery pack. This is ultimately. It's a service revenue dynamic for them to get to that Q.. Four twenty twenty one EBA positive they're gonNA have to grow trip growth by twenty percent. They're going to to grow our poo or average revenue per rider. So I changed it around a little bit by fifteen percent but that's pretty straightforward. It's not a case where you can take evaluation evaluation begin to start extrapolating all kinds of growth prospects. I don't think you can let me make one other point. We're talking about a company that you said yes. They went public at seventy two bucks is trading trading at fifty two bucks. They put three billion dollars in cash on their balance sheet so that actually preserve their ability to kind of get to whatever those targets are to get profitable and the the other thing. I'll just say you talk about data talk about an existential threat to the car makers so it's going to have to make the cars that are going to be autonomous on lifting Uber's network so so this company you know people talk about one was apple by Tesla this. This company will get bought by some day by a massive data company. It could be an apple it could be a google could matter what could be tesla who knows I'm just saying if you're looking at vertical integration. Just say at this market cap with that cash position if they can accelerate their profitability At some point this is not going to be a thirteen billion dollar enterprise company. I'm not sure if you're aware that this guy a dummy actually was working lift at some point guy. I wonder what the whole talk talk about. Employees actually being drivers under any thought about coming back to this quarterbacks. They've called me a number of times early drivers. Hopefully the crack staff halfback footage is wonderful. There you looked at me with the whites loves now. That's what we call white glove service. Bryant wouldn't genius. Sounds like you've just great but at the

Uber Brian Roberts Tesla CFO Deirdre Brian Bosa Logan Green Twenty Twenty Apple Eric Berry Gig Economy CEO Representative Google TIM Bryant EBA
U.S. Navy Ponders An Ambitious Fleet Makeover Amid Tight Budget

NPR's Business Story of the Day

03:54 min | 1 year ago

U.S. Navy Ponders An Ambitious Fleet Makeover Amid Tight Budget

"President Trump's administration is expected to unveil a budget plan today under a deal with Congress last year. Defense spending would rise only slightly which leaves leaves the United States Navy a little bit caught between a tight budget and a president who would like things to be a lot bigger Jay price of our member station W. UNC reports the scene at the famous shipyard. Newport News Virginia was a naval classic United States ship John F. Kennedy God bless this this shed and all who sail in her a few months back. Caroline Kennedy Chris and ship in honor of her late father. These kinds kinds of ceremonies are becoming more frequent after decades of decline. The Navy's fleet is on the rise. This year is expected to top three hundred warships. And it's aiming for a much larger number that fifty five ship goals more than a goal. It's in the law. He was in the authorization bill several years ago and was date stated goal of the president when he ran for election in two thousand sixteen. That's Thomas Mode. Leave the acting. Secretary of the Navy warships can come with jaw-dropping Christ tags the eleven hundred foot long one hundred thousand tonne Kennedy for example costs more than thirteen billion dollars and for Moseley paying for a lot more ships. It's a challenge. That's what we're trying to figure out right now but when you look at the size of the fleet right now where it was four years ago we were at two hundred seventy five ships so getting into a fleet of three fifty five is going to require a significantly higher top line. That's a thirty percent increase in the size of the fleet. But I don't think it's reasonable for us to ask for thirty percent more top line. It's just not enough money to go around and defense to be able to fund. That Moodley says he's confident. The navy can get there but says it will have to get some additional channel funding and chew ships that cost less however it decides to reach three hundred and fifty five. There's one especially influential person who wants it to camping. Our Navy is now the smaller suspend since believe it or not World War One. Don't worry GonNa soon be the largest. It's been that was president. President trump back in two thousand seventeen on his own visit to Newport News. The navy's goal for fleet size had been more modest mark. Canton is with the Center for strategic not GIC and International Studies. The navy's previous target had been three hundred h ships but after trump won the election. They couldn't have target. That was below at uh. Now president-elect was recommending so the Navy did a quick for structure analysis and came up with three hundred fifty five ships can't see in once led the Office of Management and Budget Division that focused on the defense budget and acquisitions. He says it's unclear. Exactly how large the fleet really should be. I think because a strong argument that the navy needs to be larger if the United States wants to execute the strategy that it has pursued since the late Obama administration ration- and then into the trump administration that is a global superpower that is engaged in Europe in the Middle East and in the Pacific. Nick also that is going to engage in a long-term competition with Russia and China. Doing those two things takes all large navy now whether that needs to be three hundred fifty five ships or not. There isn't a lot of analysis there. mody though is focused on that three hundred and fifty five five number and that would mean integrating into that fleet some ships that cost less require fewer people to man them and also helped with our overall all strategy of having distributed maritime operations with more ships out during the fleet. He says the navy can not only reach three hundred fifty five but do it ahead of schedule Joel. And without even counting the drone ships. The navy is aggressively

United States Navy President Trump Caroline Kennedy Chris Newport Congress Virginia Office Of Management And Budge JAY Thomas Mode Newport News United States Secretary Middle East President-Elect Moseley Canton Moodley Pacific Europe
Amazon's latest milestone: 150 million Prime members

KNX Evening News

00:12 sec | 1 year ago

Amazon's latest milestone: 150 million Prime members

"Amazon reports it had a hundred fifty million paid prime members last year up by half from twenty eighteen when the company's stock soared post market founder Jeff Basil's was thirteen billion dollars

Amazon Jeff Basil Founder
"thirteen billion dollars" Discussed on KCBS All News

KCBS All News

02:10 min | 1 year ago

"thirteen billion dollars" Discussed on KCBS All News

"A new government studies, providing more evidence that another food stamp program known as snap benefits, not just recipients with the larger economy, we have more from KCBS as Rebecca corral on that, when it comes to stimulating the economy, nothing is, as -ffective snap the supplemental nutrition assistance program that used to be called food stamps, to low income people who have a high to spend the money quickly. That we'll have a rapid impact on the economy. Senior economist, John Pender headed up a study, which found that back when the Obama administration increase snap benefits the money went right back into local economies thousand dollar increase in snap benefits with associated with about one additional job, some of the jobs will be going into the retail sector and grocery stores, so including wholesaling and transportation and it's not just the food sector that gets a shot in the arm families use the snap benefits to better feed their kids and it frees up their cash to spend on other needs like diapers and medicine dollar for dollar economists. Bender says an increase in snap benefits, gives the economy, a bigger boost than tax breaks for the wealthy and transportation projects, Rebecca chorale KCBS, Republican lawmakers say they are not happy about a provision in the proposed state budget that would provide almost one hundred million dollars medical funding for illegal immigrants. More from reporter Pete Demetrio with radio dot com. News station. KNX in Los Angeles. One of the people sitting on the budget committee state Senator John Morlock from Orange County, who asked where are the state's real priorities and ticks off, where spending should be having do we take care of Californians? Do we take care of our veterans? Do we take care of our homeless? Take care of those that have mental illness. We know how did undocumented individuals get so high in the ranking, and we need to step back and look at what we're doing Morlock says rather than starting new projects, the state should be reducing its standing unrestricted debt, which is larger than the entire two hundred thirteen billion dollar proposed budget. Reporter Demetrio in southern California to forty four. Now just a minute from sports, and some good news regarding the as in Florida imagining a better Bank starts with looking at the savings rates, most banks offer and saying, really capital. One is building.

Senator John Morlock Pete Demetrio reporter Rebecca corral John Pender Senior economist Obama administration Los Angeles Bender Orange County KNX California Florida two hundred thirteen billion d one hundred million dollars thousand dollar
"thirteen billion dollars" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

01:52 min | 1 year ago

"thirteen billion dollars" Discussed on KNX 1070 NEWSRADIO

"Streets. This is signal hill. Police chief Chris Donelly, my understanding is he had engine trouble. That's about all that. I do know that, you know, orange avenue didn't have any vehicles on it. He thought that that was probably the safest route, and he took it, and successfully so no cars rather objects struck the pilot managed to avoid power lines were in the area. The FAA is not conducting a follow up investigation to determine what happened to prompt the emergency landing in signal hill. Pete Demetrio KNX ten seventy NewsRadio people across southern California are earning more money now on average a report from UC riverside found wages last year went up anywhere. From over three percent in LA county to nearly two and a half percent in Orange County. Economists Robert Kleinhans with the university tells can the country and region are basically at full employment, which drives up pay no matter how much people are concerned about the prospect of recession there really is nothing that fundamentally suggests that a recession is on the horizon client says economic growth is slowing down because the country is basically at full employment. But he says that's not something to worry about more people than ever visiting Orange County. Visitors association says a record fifty plus million visitors were welcomed last year. That's nearly two percent higher than twenty seventeen. Exciting news is we had a tremendous increase of four point two percent in their spending while they were here. And that's a realized us about thirteen billion dollars in spending their thinking Star Wars galaxies edge Disneyland at the end of may. Boost things even more. It wasn't gang related, but personal. That's what the LAPD says was behind the murder of rapper nipsy hustle team coverage at four zero three it's three fifty five. Traffic and weather together every ten minutes on the fives you by counterfeiters Desmond Shaw. And we're still talking about the issues on.

Chris Donelly Orange County signal hill LA county Pete Demetrio LAPD Desmond Shaw FAA Robert Kleinhans Disneyland murder California two percent thirteen billion dollars three percent ten minutes
"thirteen billion dollars" Discussed on AP News

AP News

03:13 min | 2 years ago

"thirteen billion dollars" Discussed on AP News

"I'm Tim McGuire. Lot was set during today's sentencing for former Pennsylvania pediatrician Johnny bardo, while also of medical mind was a brilliant pedophile. The seventy one year old bar was sentenced to. Radio. I'm Tim McGuire. Lot was said during today's sentencing for former Pennsylvania pediatrician Johnny bardo. He while also of medical mind was a brilliant pedophile. The seventy one year old bar was sentenced to at least seventy nine years in prison for the sexual assault with thirty one children. Most patients nineteen people gave victim impact statement. Johnny Varta found me his nurses found me, the office manager failed me and the state medical board failed me so many people staying quiet for so long led to the sexual assault of so many children the state medical board throughout a case in two thousand against Bartolo. Allowing him to keep practicing medicine demonstration held on the steps of the California capital on the one year anniversary of the police shooting death of Stefan Clark in Sacramento. Turney Benjamin Crump who represents Clark's family says there's an effort underway to change state law to foresaw police shooting deaths to be considered by a grand jury. We want that to be changed to compare the district. Attorney just amid the circumstance. Of all involved. Police shootings to a grand jury Clark was shot and killed by police who were called to his grandparents neighborhood on reports as someone trying to break into cars along the street that night officers say they fear for their lives thinking he was holding a gun in his hand. It was a cell phone three. People are dead five others wounded in an attack on a passenger trolley in the Netherlands three of them are in critical condition. Police have a suspect in custody. Prosecutors say it's too soon to say if it's a terror attack Mozambique's President says upwards of a thousand people have been killed by a typhoon that hit four days ago in the massive flooding that followed the storm the Red Cross estimates that ninety percent of a port city of a half million people so either badly damaged or destroyed there is widespread flooding and storm damage in two other southeast African nations. This is AP radio news. The Pentagon has sent a list of hundreds of military construction projects to congress some of which could be cut to fund President Trump's border wall. AP's? Jackie Quinn reports the projects on the list. Total nearly thirteen billion dollars. President Trump says he wants three point six billion for the wall twenty page list of projects across the US. And around the world worth about thirteen billion dollars that might be slashed to make way for the border wall. House Democrats say when their colleagues see military plans being scaled back in their communities. It might push them to vote to override President Trump's veto of the measure that wouldn't gate his emergency, declaration, one example, North Carolina home to GOP Senator Thom Tillis, we're one hundred million dollars is planned for water treatment improvements that camp. Learn and airfield security upgrades at the cherry point Marine Corps air station, but Republican leaders predict the veto override effort will fail. Jackie quinn. Washington. I'm Tim McGuire..

Tim McGuire President Trump Johnny bardo Johnny Varta Stefan Clark Jackie Quinn assault Pennsylvania President Turney Benjamin Crump Senator Thom Tillis cherry point Marine Corps AP Bartolo Mozambique Red Cross North Carolina Attorney California
"thirteen billion dollars" Discussed on AP News

AP News

02:26 min | 2 years ago

"thirteen billion dollars" Discussed on AP News

"The seventy one year old Bartow was sentenced to at least seventy nine years in prison for the sexual assault with thirty one children. Most of them patients. Nineteen people gave victim impact statements. Johnny Varta found me his nurses found me, the office manager failed me and the state medical board failed me so many people saying quiet for so long led to the sexual assault of so many children the state medical board throughout a case in two thousand against Bartolo. Allowing him to keep practicing medicine demonstration held on the steps of the California capital on the one year anniversary of the police shooting death, Stefan Clark in Sacramento. Attorney Benjamin Crump who represents Clark's family says there's an effort underway to change state law to foresaw police shooting deaths to be considered by a grand jury. We want that to be changed to compare the district attorney to submit the circumstance. Of all involved. Police shootings to a grand jury park was shot and killed by police who were called to his grandparents neighborhood on reports as someone trying to break into cars along the street that night officers say they fear for their lives thinking he was holding a gun in his hand. It was a cell phone three. People are dead five others wounded in an attack on a passenger trolley and the Netherlands three of them are in critical condition. Police have a suspect in custody. Prosecutors say it's too soon to say if it's a terror attack Mozambique's President says upwards of a thousand people have been killed by typhoon that hit four days ago in the massive flooding that followed the storm the Red Cross estimates that ninety percent of a port city of a half million people side, badly damaged or destroyed. There is widespread flooding and storm damage to other southeast African nations. This is AP radio news. The Pentagon has sent a list of hundreds of military construction projects to congress some of which could be cut to fund President Trump's border wall. AP's? Jackie Quinn reports the projects on the list. Total nearly thirteen billion dollars. President Trump says he wants three point six billion for the wall is a twenty page list of projects across the US under around the world worth about thirteen billion dollars that might be slashed to make way for the border wall. House Democrats say when their colleagues see military plans being scaled back in their communities. It might push them to vote to override President Trump's veto of the measure that would negate his emergency declaration, one example, North Carolina home to GOP Senator.

President Trump Johnny Varta assault President Bartolo Bartow Stefan Clark AP Benjamin Crump Mozambique Jackie Quinn Attorney US Red Cross California Netherlands North Carolina office manager
"thirteen billion dollars" Discussed on AP News

AP News

02:47 min | 2 years ago

"thirteen billion dollars" Discussed on AP News

"While also of medical mind was brilliant pedophile. The seventy one year old Bartow was sentenced to at least seventy nine years in prison for the sexual assault with thirty one children. Most of them patients. Nineteen people gave victim impact statement. Johnny Varta found me his nurses found me, the office manager failed me and the state medical board found me so many people saying quiet for so long led to the sexual assault of so many children the state medical board throughout a case in two thousand against Bartolo. Allowing him to keep practicing medicine demonstration held on the steps of the California capital on the one year anniversary of the police shooting death of Stefan Clark in Sacramento. Attorney Benjamin Crump who represents Clark's family says there's an effort underway to change state law to foresaw police shooting deaths to be considered by a grand jury. We want that to be changed to compare the district attorney to submit the circumstance. Of all involved. Police shoe is to a grand jury Clark was shot and killed by police who were called to his grandparents neighborhood on reports as someone trying to break into cars along the street that night officers say they fear for their lives thinking he was holding a gun in his hand. It was a cell phone three. People are dead five others wounded in an attack on a passenger trolley and the Netherlands three of them are in critical condition. Police have a suspect in custody. Prosecutors say it's too soon to say if it's a terror attack Mozambique's President says upwards of a thousand people have been killed by typhoon that hit four days ago in the massive flooding that followed the storm the Red Cross estimates. That ninety percent of a port city of a half million people side, either badly damaged or destroyed there is widespread flooding and storm damage in two other southeast African nations. This is AP radio news. The Pentagon has sent a list of hundreds of military construction projects to congress some of which could be cut to fund President Trump's border wall. AP's? Jackie Quinn reports the projects on the list. Total nearly thirteen billion dollars. President Trump says he wants three point six billion for the wall. It's a twenty page list of projects across the US under around the world worth about thirteen billion dollars that might be slashed to make way for the border wall. House Democrats say when their colleagues see military plans being scaled back in their communities. It might push them to vote to override President Trump's veto of the measure that would negate his emergency declaration, one example, North Carolina home to GOP Senator Thom Tillis, we're one hundred million dollars is planned for water treatment improvements that camp. Learn and airfield security upgrades at the cherry point Marine Corps air station, but Republican leaders predict the veto override effort will fail. Jackie quinn. Washington. I'm Tim McGuire..

President Trump Stefan Clark Johnny Varta assault President Jackie Quinn Bartow cherry point Marine Corps Tim McGuire AP Senator Thom Tillis Bartolo Benjamin Crump Mozambique US Red Cross Attorney California Netherlands
"thirteen billion dollars" Discussed on AP News

AP News

02:29 min | 2 years ago

"thirteen billion dollars" Discussed on AP News

"While also medical mind was a brilliant pedophile. The seventy one year old Bartow was sentenced to at least seventy nine years in prison for the sexual assault with thirty one children. Most of them patients. Nineteen people gave victim impact statement. Johnny Varta found me his nurses found me, the office manager failed me and the state medical board found me so many people saying quite for so long. Let's to a sexual assault of so many children the state medical board throughout a case in two thousand against Bartolo. Allowing him to keep practicing medicine demonstration held on the steps of the California capital on the one year anniversary of the police shooting death of Stefan Clark in Sacramento. Attorney Benjamin Crump who represents Clark's family says there's an effort underway to change state law to foresaw police shooting deaths to be considered by a grand jury. We want that to be changed to compare the district. Attorney just amid the circumstance. Of all involved. Police shootings to a grand jury park was shot and killed by police who were called to his grandparents neighborhood on reports as someone trying to break into cars along the street that night officers say they fear for their lives thinking he was holding a gun in his hand. It was a cell phone three. People are dead five others wounded in an attack on a passenger trolley and the Netherlands three of them are in critical condition. Police have a suspect in custody. Prosecutors say it's too soon to say if it's a terror attack Mozambique's President says upwards of a thousand people have been killed by a typhoon that hit four days ago in the massive flooding that followed the storm the Red Cross estimates. That ninety percent of a port city of a half million people. It's either badly damaged or destroyed. There is widespread flooding and storm damage in two other south East African nations. This is AP radio news. The Pentagon has sent a list of hundreds of military construction projects to congress some of which could be cut to fund President Trump's border wall. AP? Jackie Quinn reports the projects on the list. Total nearly thirteen billion dollars. President Trump says he wants three point six billion for the wall. It's a twenty page list of projects across the US. And around the world worth about thirteen billion dollars that might be slashed to make way for the border wall. House Democrats say when their colleagues see military plans being scaled back in their communities. It might push them to vote to override President Trump's veto of the measure that would negate his emergency declaration, one example, North Carolina home to GOP Senator.

President Trump Johnny Varta assault President Attorney Bartolo Bartow Stefan Clark AP Benjamin Crump US Mozambique Jackie Quinn Red Cross California Netherlands North Carolina office manager
"thirteen billion dollars" Discussed on AP News

AP News

02:29 min | 2 years ago

"thirteen billion dollars" Discussed on AP News

"Also, a medical mind was a brilliant pedophile. The seventy one year old Bartell was sentenced to at least seventy nine years in prison for the sexual assault of thirty one children. Most of them patients. Nineteen people gave victim impact statement. Johnny Varta found me his nurses found me, the office manager failed me and the state medical board failed me so many people staying quiet for so long led to the sexual assault of so many children the state medical board throughout a case in two thousand against Bartolo. Allowing him to keep practicing medicine demonstration held on the steps of the California capital on the one year anniversary of the police shooting death of Stefan Clark in Sacramento. Attorney Benjamin Crump who represents Clark's family says there's an effort underway to change state law to foresaw police shooting deaths to be considered by a grand jury. We want that to be changed to compare the district. Attorney just amid the circumstance. Of all involved. Police shootings to a grand jury park was shot and killed by police who were called to his grandparents neighborhood on reports as someone trying to break into cars along the street that night officers say they fear for their lives thinking he was holding a gun in his hand. It was a cell phone three. People are dead five others wounded in an attack on a passenger trolley and the Netherlands three of them are in critical condition. Police have a suspect in custody. Prosecutors say it's too soon to say if it's a terror attack Mozambique's President says upwards of a thousand people have been killed by typhoon that hit four days ago in the massive flooding that followed the storm the Red Cross estimates and ninety percent of a port city of a half million people so either badly damaged or destroyed there's widespread flooding and storm damage to other southeast African nations. This is AP radio news. The Pentagon has sent a list of hundreds of military construction projects to congress some of which could be cut to fund President Trump's border wall. AP's? Jackie Quinn reports the projects on the list. Total nearly thirteen billion dollars. President Trump says he wants three point six billion for the wall. It's a twenty page list of projects across the US. And around the world worth about thirteen billion dollars that might be slashed to make way for the border wall. House Democrats say when their colleagues see military plans being scaled back in their communities. It might push them to vote to override President Trump's veto of the measure that would negate his emergency declaration, one example, North Carolina home to GOP Senator.

President Trump Johnny Varta assault President Stefan Clark Attorney Bartell AP Bartolo Benjamin Crump US Mozambique Jackie Quinn Red Cross California Sacramento Netherlands North Carolina office manager
"thirteen billion dollars" Discussed on AP News

AP News

02:47 min | 2 years ago

"thirteen billion dollars" Discussed on AP News

"While also of medical mind was a brilliant. Pedophile. The seventy one year-old Bardot was sentenced to at least seventy nine years in prison for the sexual assault with thirty one children. Most of them patients. Nineteen people gave victim impact statement. Johnny Bartow, found me his nurses found me the office manager failed me and the state medical board failed me so many people staying quiet for so long led to the sexual assault of so many children the state medical board throughout a case in two thousand against Bartolo. Allowing him to keep practicing medicine demonstration held on the steps of the California capital on the one year anniversary of the police shooting death of Stefan Clark in Sacramento. Attorney Benjamin Crump who represents Clark's family says there's an effort underway to change state law to foresaw police shooting deaths to be considered by a grand jury. We want that to be changed to compare the district. Attorney just omit the circumstance. Of all involved. Police shoe is to a grand jury park was shot and killed by police who were called to his grandparents neighborhood on reports as someone trying to break into cars along the street that night officers say they fear for their lives thinking he was holding a gun in his hand. It was a cell. Cellphone three people are dead five others wounded in an attack on a passenger trolley and the Netherlands three of them are in critical condition. Police have a suspect in custody. Prosecutors say it's too soon to say if it's a terror attack Mozambique's President says upwards of a thousand people have been killed by a typhoon that hit four days ago in the massive flooding that followed the storm the Red Cross estimates. That ninety percent of a port city of a half million people either badly damaged or destroyed there is widespread flooding and storm damage in to other southeast African nations. This is AP radio news. The Pentagon has sent a list of hundreds of military construction projects to congress some of which could be cut to fund President Trump's border wall. AP's? Jackie Quinn reports the projects on the list. Total nearly thirteen billion dollars. President Trump says he wants three point six billion for the wall. It's a twenty page list of projects across the US. And around the world worth about thirteen billion dollars that might be slashed to make way for the border wall. House Democrats say when their colleagues see military plans being scaled back in their communities. It might push them to vote to override President Trump's veto of the measure that would negate his emergency declaration, one example, North Carolina home to GOP Senator Thom Tillis, we're one hundred million dollars is planned for water treatment improvements that camp. Learn and airfield security upgrades at the cherry point Marine Corps air station, but Republican leaders predict the veto override effort will fail. Jackie quinn. Washington. I'm Tim McGuire..

President Trump Jackie Quinn Johnny Bartow assault President Attorney Bartolo Bardot cherry point Marine Corps Stefan Clark Tim McGuire AP Senator Thom Tillis Benjamin Crump Mozambique US Red Cross California Netherlands
"thirteen billion dollars" Discussed on AP News

AP News

02:30 min | 2 years ago

"thirteen billion dollars" Discussed on AP News

"He while also a medical mind was a brilliant pedophile. The seventy one year old Bartell was sentenced to at least seventy nine years in prison for the sexual assault. Thirty one children most of them patients. Nineteen people gave victim impact statement. Johnny Varta found me his nurses found me, the office manager failed me and the state medical board found me so many people saying quiet for so long led to the sexual assault of so many children the state medical board throughout a case in two thousand against Bartolo. Allowing him to keep practicing medicine demonstration held on the steps of the California capital on the one year anniversary the police shooting death of Stefan Clark in Sacramento. Attorney Benjamin Crump who represents Clark's family says there's an effort underway to change state law to foresaw police shooting deaths to be considered by a grand jury. We want that to be changed to compare the district attorney to submit the circumstance. Of all involved police shoe to a grand jury. Park was shot and killed by police who were called to his grandparents neighborhood on reports as someone trying to break into cars along the street that night officers say they fear for their lives thinking he was holding a gun in his hand. It was a cell phone three. People are dead five others wounded in an attack on a passenger trolley and the Netherlands three of them are in critical condition. Police have a suspect in custody. Prosecutors say it's too soon to say if it's a terror attack Mozambique's President says upwards of a thousand people have been killed by a typhoon that hit four days ago in the massive flooding that followed the storm the Red Cross estimates. That ninety percent of a port city of a half million people either badly damaged or destroyed there is widespread flooding and storm damage in two other southeast African nations. This is AP radio news. The Pentagon has sent a list of hundreds of military construction projects to congress some of which could be cut to fund President Trump's border wall. AP? Jackie Quinn reports the projects on the list. Total nearly thirteen billion dollars. President Trump says he wants three point six billion for the wall is a twenty page list of projects across the US under around the world worth about thirteen billion dollars that might be slashed to make way for the border wall. House Democrats say when their colleagues see military plans being scaled back in their communities. It might push them to vote to override President Trump's veto of the measures. That would negate his emergency declaration one example, North Carolina home to GOP Senator.

President Trump Johnny Varta assault President Stefan Clark Bartell AP Bartolo Benjamin Crump Mozambique Jackie Quinn North Carolina US Attorney Red Cross California Sacramento Park
"thirteen billion dollars" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:44 min | 2 years ago

"thirteen billion dollars" Discussed on WNYC 93.9 FM

"Craft beer produce up the inspiration for starting the business. Three years ago. Says owner Becky Cain was her own father. He's recovered alcoholic. Who is now use alcohol free beers way of helping him in his recovery. Bought? He complains the only alcohol-free is on sale at the time were pretty awful. So we would outlive to make something better. Is he your official tasting? Yeah. He's at number one customer. He was takes is. Eight years ago there were two or three alcohol-free biz on sailing Britain. Now, there are hundreds of them widely available online in supermarkets, and in BAAs order an alcohol-free Saint Peter's without on a big drop paleo and some of those very good indeed, very multi taste this one. And a slight sweetness on the finish is a really beautiful. That's Laura Willoughby who runs club soda a group that advises people on moderate or mindful drinking and tries to persuade the drinks industry to cater for alcohol. Avoiding customers. The message is definitely getting across. I mean, this January you couldn't possibly bus stop without that being an advert for one or another alcohol-free beer, the markets adopting the big boys getting in narrow that beginning to bring you bronze market quick played. And so we're now saying this rise featuring factor. It's still only ten percent of the. Drinks market. But it's the fastest growing segment and includes alcohol free, spirits and wine as well. Richard piper of alcohol change, which combats the harm caused by booze warmly applaud this development. We are very excited about these growth in a low alcohol alcohol market because we see it is a really important element in attracting people to healthy alternatives, economically, healthier too. He says quite apart from the human and social damage caused by alcohol abuse, the financial cost in Britain state funded healthcare policing and other public services runs to a staggering thirteen billion dollars a year in London. I'm Stephen beard for marketplace. This final note on the way out today,.

Becky Cain Britain Stephen beard Laura Willoughby Richard piper London thirteen billion dollars Eight years Three years ten percent
"thirteen billion dollars" Discussed on BizTalk Radio

BizTalk Radio

01:59 min | 2 years ago

"thirteen billion dollars" Discussed on BizTalk Radio

"Training camps are opening this week in the NFL anthem problem, is not going away that's at least according to former Super Bowl champion Burgess Owens he joined FOX business to, share, his, opinion on the NFL and who he believes that really looking out for unfortunately we we have a league that is, not about compassion for the black community is. Not about influence, for the black player and it's. Not about patriotism or free speech but in fact asked Jerry Jones about free, speech they charge they find, them. Two million. Dollars because the Commissioner last year this this is about a global reach my friends this is about. A corporation that understands that they need to get past the American market Just wasn't numbers by the NFL tapped out of. Thirteen billion dollars a couple. Years ago last year the last two years it was twenty, view ship the down thirty three million dollars an ad revenue and yet they're projecting twenty five million billion dollars, twenty, billion, dollars by the next nine years with their global or global reach and it just pay again a Commissioner of forty, million dollars thirty six million of that is. Based on growth, incentives so how did he get. There they had they had the demeaned the Americans the the NFL brand the, Athens showed this so it, could. Be attractive. To countries like Germany and China and Mexico and wherever they wanted they want to go We'll get excited about about the? American brand. Earlier this summer the NFL did, announce a new national. Anthem policy now that, policy has since been put on hold so the players and the NFL, can negotiate for USA, radio news I'm Timberg I live alone and rarely have visitors so when I slipped and fell in the kitchen. Last month and couldn't get to a phone I knew I was. In trouble I could barely move I tried calling for. Help but no one could hear me as I lay. There I couldn't help but think of my. Kids and grandkids having to go on without me I was terrified it. Took eight hours for my neighbor to find me it could have been the end of me that's when I knew I needed.

NFL Burgess Owens Commissioner Jerry Jones FOX Athens Germany USA China Mexico twenty five million billion do thirty three million dollars Thirteen billion dollars million dollars eight hours nine years two years
"thirteen billion dollars" Discussed on 10 10 WINS

10 10 WINS

01:54 min | 2 years ago

"thirteen billion dollars" Discussed on 10 10 WINS

"Is the deadline for approval of the thirteen billion dollar project to build a new rail tunnel into new york the future of that project remains in question but the feds have approved a sixmonth extension to apply for funding for the porto bridge project that spans the hackensack river carrying trains between newark penn station federal transportation officials say the gateway project that plans to replace a one hundred year old railroad tunnel is lacking some key components to remain eligible for billions in federal grants yesterday local officials and a letter to the dot requesting an extension barrier to get an extension could put the projects already shaky financial status in jeopardy and the whole project back to the drawing board an expedited process to reunite migrant children with their parents is underway as the federal government tries to meet a court mandated deadline correspondent rosa flores tells us what's playing out at detention centers all around the country parents who are eligible for fit parents will be transported to these facilities and then there will be a fifteen minute interview where officials will determine if the parent is actually the parent of a child and if the parent is willing to reunite with their child after that the child will then be transferred to the custody of ice the reunification will happen and that's how they hope to reunite about two thousand five hundred children in the next two weeks here in new york seven immigrant children who had been separated from their families have been reunited police are searching for gray minivan that fled northbound on bedford avenue after a woman must struck and dragged by the vehicle in brooklyn last night police say the woman adjusts left a pizza shop in williamsburg when the vehicle stopped and the woman tried to get in but the driver took off too soon and she was dragged down the street devon works at the pizza place and said police interviewed him before he spoke with ten ten wins.

new york hackensack river brooklyn williamsburg porto bridge newark penn station rosa flores thirteen billion dollar one hundred year fifteen minute two weeks sixmonth
"thirteen billion dollars" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

01:31 min | 2 years ago

"thirteen billion dollars" Discussed on KNX 1070 NEWSRADIO

"Forty five i'm barbara brooks with more traffic reports more often can extend seventy newsradio sixty three degrees in canoga park sixty three in riverside sixty one degrees in westminster at one thirty six president trump's attorneys have asserted in a letter to the special counsel that they would fight any attempt to subpoena pre president trump texas republican congressman will hurt spoke about whether president trump would consider firing robert muller on cbs his face the nation i think it'd be a terrible move i think people would arrived i think even thinking about trying to fire a molar is is a bad move politically president trump's attorney rudy giuliani said that the legal team continues to cooperate with muller former us attorney preet berrara said it would be in barreiros words now almost self executing impeachment if president trump word of pardon himself as a person attorney rudy giuliani claim mr trump had the power to do rudy just like jaysekulow keeps coming up with things that ended up being false so when he says the president is not contemplating something i have no faith in that whatsoever but row where i was on cnn state of the union he prosecuted danish desouza who pleaded guilty to making an illegal campaign contribution he was pardoned last week by president trump steel and aluminum tariffs imposed by the trump administration on the european union canada and mexico last week have been met with nearly thirteen billion dollars in tariffs slapped on us goods imported to canada cbs news correspondent margaret brennan the president wrapped this in the justification of those countries.

canada margaret brennan mexico european union cnn us attorney attorney robert muller texas barbara brooks mr trump president preet berrara rudy giuliani congressman special counsel trump thirteen billion dollars sixty three degrees sixty one degrees
"thirteen billion dollars" Discussed on Techmeme Ride Home

Techmeme Ride Home

03:17 min | 2 years ago

"thirteen billion dollars" Discussed on Techmeme Ride Home

"Apple had approached luxury carmakers BMW and Mercedes Benz to build the shuttle's, but BMW and Mercedes Benz turned apple down. Apple's self driving car project was code named titan, and it was started all the way back in two thousand fourteen it once had a thousand employees devoted to the project as recently as two. Two years ago as Bloomberg's shero vide pointed out. Apple spent thirteen billion dollars on RND in the last year, a record, five percent of revenue. We have to assume a large chunk of that was your marked for project titan. And now the end result of these many years of back and forth is that Volkswagen an auto manufacturer under a cloud of scandal because it was accused of cheating emissions tests will be refitting fewer than two dozen of their t. six vans as electric. Self-driving shuttles at a facility and Taran Italy, oh, and the vans were supposed to be finished by the end of this year. But according to the times piece that deadline will be missed over and Bloomberg, Alex Webb contrasts this state of affairs with alphabets Waymo which has agreed to buy twenty thousand electric SUV's from Jaguar. Landrover apple is still reportedly testing fifty five autonomous cars on California roads making that the second biggest fleet in the state. But it seems that in the race to actually get a consumer vehicle into people's garages, it's sure is being to look like, apple has all, but ceded the field entirely. A whole pile of news from Uber. The company announced its financials yesterday reporting, two point, six billion and q. one revenue and profit of two point. Five billion though that was largely due to two point. Nine billion dollars that over is getting after it merged its Russian and southeast Asian businesses with local rivals. Without that windfall Hooper had a quarterly net loss of three hundred twelve million before interest taxes and other expenses have that loss is half the number that Uber reported for q. one of last year quote, we had three billion of income on a gap basis because of the gain from the Yan decks and grab deals an spokesperson told tech crunch. That's why we prefer to focus on EBay ta as the best number to show our underlying business in the quarter end quote, as for total bookings the total amount of money that Uber generates before paying drivers, the company reported eleven point. Three billion dollars up from seven point three billion year over year. Following on this news over announced yet. Another tender offer for existing investors and especially employee's that will allow them another chance to unload their shares in an attempt to clean things up a bit before the expected I PO these insiders will be able to sell their holdings at forty dollars a share which would value the company at sixty two billion dollars. According to Recode quote, the deal should appease some Uber loyalist, who may feel they were unable to use their startup stock to buy a new house or pay off existing loans. Uber shareholders were only able to sell about fifty eight percent of what they initially hoped to sell in the initial tender offer because too many employees and investors sought to.

Apple Uber Mercedes Benz Bloomberg BMW Volkswagen Taran Italy Jaguar Alex Webb Hooper California sixty two billion dollars thirteen billion dollars Three billion dollars Nine billion dollars fifty eight percent three billion year forty dollars five percent
"thirteen billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 3 years ago

"thirteen billion dollars" Discussed on Bloomberg Radio New York

"In on sixty 750 so it's thoughts has seem that level insults pushing through it and not be quite bearish but would be supplies nearterm see some consolidation this sixty some fifty to seventy handle all right thank you so much to david finnity in for real time market commentary an analysis checkout markets live that's n el iv on your balloon bag or i let said delve into our top stories there now we're going to start in the united states in its loss policysetting meeting under chair janet yellen the federal reserve kept interest rates on hold but pave the way for a march ray teich bloomberg's michael mickey has the details policymakers did set the stage for an increase in march under her successor jay powell in their statements saying they expect further gradual increases in the federal funds rate the collective acknowledgement of stronger growth and more confidence that inflation will rise is already boosting bets the now powell fed will pick up the pace of great moves beginning at that march meeting in new york michael mckee bloomberg daybreak europe prime minister theresa may continues a her trip in china as she seeks to lay the foundations for a post brexit trade deal may took a step closer to that goal is she and her chinese counterpart li chong set up a highlevel panel to review commercial ties from beijing bloomberg's tall mckenzie has more british businesses are also expected to sign around thirteen billion dollars worth of deals in sectors ranging from agriculture technology china is said to have agreed to give british firms greater access to its financial services market and the two sides discussed a possible uk to china bomb connect may hasn't officially endorsed china's flagship bolton road initiative though she did stress the opportunities it presents the british prime minister meets with president she later today in beijing told mckenzie bloomberg daybreak europe me while the uk prime minister has vowed to fight the european union's attempts to extend protection for expats until twenty twenty one as a condition for a transition period we're talking about breaks it of course and the negotiations that are just about to get underway between the uk and the eu theresa may said that the bloc should stick to its original cutoff date of march of 2019 sharlto argues that there should be different rights for european nationals who arrive in the uk.

"thirteen billion dollars" Discussed on NPR News Now

NPR News Now

02:17 min | 3 years ago

"thirteen billion dollars" Discussed on NPR News Now

"Live from npr news in washington i'm windsor johnston president trump is in norfolk virginia to help commission and nearly thirteen billion dollar warship the president says after visiting the u s as gerald our ford in march he's been looking forward to the ceremony i knew that i had debris here today and i told yard be back to congratulate view and the crew and everybody involved on germ rich thing the newest largest and most advanced aircraft carrier in the history of this world that's a big achievement the uss ford is the first member of the next generation of nuclear powered aircraft carriers donald trump jr and his father's former campaign manager paul manafort have reached an agreement with the senate judiciary committee to avoid being subpoenaed for a public hearing npr's jeff and are reports that hearing was scheduled to take place next wednesday in a statement committee leaders say both donald trump jr in paul manafort through their attorneys cut a deal to provide the committee with documents and to be interviewed in private the two won't testify at wednesday's public session but could appear at a future hearing congressional investigators want to know more about trump juniors admission that he manafort and president trump's soninlaw jared kushner took a meeting with the russian lawyer last june in hopes of gaining damaging information about hillary clinton meanwhile the senate judiciary committee issued a subpoena for another scheduled witness glenn simpson with the group fusion gps his group worked on a dossier containing unsubstantiated and salacious allegations about president trump simpson's attorneys say hill invoke his fifth amendment rights in response to the subpoena jeff bennett npr news washington in syria fighting has calmed in the eastern suburbs of damascus russia says a new ceasefire has been reached with opposition fighters npr's sherlock reports it's part of a plan to freeze frontlines in the country donald trump announced a ceasefire in southwest syria almost two weeks ago but the syrian regime he's the quiet that to move troops against rebels in gouta this is the last main rebel holdout near the camp to damascus.

hill jeff bennett jared kushner donald trump campaign manager donald trump jr npr damascus gouta syria russia washington glenn simpson hillary clinton trump senate judiciary committee paul manafort uss ford aircraft carrier president norfolk virginia thirteen billion dollar two weeks
"thirteen billion dollars" Discussed on ESPN Chicago 1000 - WMVP

ESPN Chicago 1000 - WMVP

02:03 min | 3 years ago

"thirteen billion dollars" Discussed on ESPN Chicago 1000 - WMVP

"Field and put my life and alarm every sunday but i still should be compensated for just like that current just like the rest of gazan nba sean looks like what i hear when i hear you guys talk about this this fair market value why don't they i don't think that will it you're saying like hey you know we should be paid so exorbitant such a large amount that it doesn't make sense i think you to say we just give us what we deserve corruption it when you look at the nfl guys we compare it to the nba the nba brings in four point eight billion dollars last year as the they profited there revenue of four point eight billion the mba yet major league baseball did nine point five billion dollars the national football league thirteen billion dollars he giant thirteen billion dollar so let's compare that to the mba yes the numbers are last as far as the number of players that you have per roster but you're also three times as much from four point eight billion to thirteen billion dollars for the nfl and again i've seen it with myself i've seen either guys that i what school with at ucla guys that i knew with a new from southern california now justin farmer is one that play for the oakland raiders did have residual effects from playing in the league correct and again i'm not saying that are you'll get you will you mentioned it it's a lifestyle in which you chose to do it made you a good amount of money because of your talents at your work ethic and your drive to be great at something and save for you kirk but at the same time like when you look at it their car contract you okay man that a lot of money but then all said yugoslav eur seventy million dollars with a lot of that money by the way that now the lot of money back loaded outlawed if you don't have nonguaranteed your nonguaranteed that he's not going to see and then you look at steph curry contract you cannot compare the two yukihida when i also latin and that's the problem i have as a sports fan i'm not an ambassador for the nfl i'm not here like you'll trumpeting the horn of just sounded it offered scream at yellow because i.

nba nfl california justin farmer oakland raiders sports fan football ucla kirk steph curry thirteen billion dollars seventy million dollars thirteen billion dollar eight billion dollars five billion dollars