35 Burst results for "Thirteen Billion Dollars"

Amazon gets Thursday night games, NFL nearly doubles TV deal

AP News Radio

00:50 sec | 11 months ago

Amazon gets Thursday night games, NFL nearly doubles TV deal

"Hi Mike Rossi you're reporting the NFL wraps up a new lucrative TV package the NFL has finalized new television rights agreements that will pay the league one hundred thirteen billion dollars over eleven seasons beginning in twenty twenty three a person with direct knowledge of the contract tells the Associated Press the package includes moving Thursday night football to Amazon prime video beginning in twenty twenty three and A. B. C. returns to the Super Bowl rotation with two games over eleven seasons with the contract the NFL nearly doubles its annual media revenue to more than ten billion dollars a season fox will remain the primary network for the NFC and CBS will broadcast most AFC games ESPN also gets to flex as many as five games from Sunday schedules to Monday nights there will also be three Monday night double headers hi Mike Rossio

Mike Rossi NFL A. B. C. The Associated Press Amazon Super Bowl Football NFC FOX AFC CBS Espn Mike Rossio
Teledyne to acquire Flir Systems in cash-and-stock deal valued at about $8 billion

MarketFoolery

05:33 min | 1 year 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 | 1 year ago

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 | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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
"thirteen billion dollars" Discussed on WHAS 840 AM

WHAS 840 AM

01:35 min | 1 year ago

"thirteen billion dollars" Discussed on WHAS 840 AM

"Thirteen billion dollar settlement for the victims of deadly wildfires caused by Pacific gas and electric equipment they expressed doubt whether the utility will be able to pay the full amount with the economy slipping into recession despite pleas for a pandemic delay the energy company formerly known as trans Canada says it has started construction on the long stalled keystone XL pipeline you're listening to ABC news your new now the Commonwealth with over one thousand killed in nineteen cases in the state will Smith with more on how the coronavirus may change the way you grocery shop the idea of one way aisles is being tested at a few of Kroger stores the company not saying which stores it's testing the idea in hand but through a statement the company says the directional shopping will further support physical distance saying if implemented there would be markings on the floor and signage similar to a one way street it's just another effort the company is taking to keep customers safe it comes on the heels of increased cleaning reduce store hours and plexiglass between customers and cashiers will Clark news radio eight forty WHAS fifty nine people have died from cove in nineteen in Kentucky I'm rob carpenter as our world changes at an alarming rate thanks to the spirit of our people we will win this war the time to talk is now hang in there more than ever before give us news radio eight forty WHAS coronavirus.

trans Canada Kentucky rob carpenter ABC Smith Kroger Clark WHAS
Airline industry forecasts $113 billion hit from coronavirus

WTOP 24 Hour News

00:37 sec | 2 years 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
Intuit wants Credit Karma  along with all the data

Marketplace Tech with Molly Wood

04:31 min | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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
"thirteen billion dollars" Discussed on News-Talk 1400 The Patriot

News-Talk 1400 The Patriot

02:03 min | 2 years ago

"thirteen billion dollars" Discussed on News-Talk 1400 The Patriot

"A rather sizeable credit line thirteen billion dollars worth it's a two year loan with the syndicate including Citigroup JP Morgan and Wells Fargo the jet makers continue in its efforts to get the seven thirty seven MAX back into service by mid year it's been grounded since last March in the wake of two deadly crashes Boeing shares were little changed in after hours trading in the markets regular Friday session stocks retreated after a four day rally the Dow industrials giving back nearly two hundred eighty points in its second day of trading as a public company stock of Casper sleep at a bit of a nightmare session tumbling eighteen percent it might not qualify as a block buster about the new movie in the DC comics extended universe of birds of prey should do pretty well and win the weekend industry watchers predict the film with Margot Robbie reprising her role as Harley Quinn will bring in at least forty million dollars across North America no other movies opening wide so hold overs bad boys for life in nineteen seventeen are likely to finish second and third that's your money now attention all business owners who rent or lease space including storage space stop wasting your money paying someone else for your space you can now save a ton of money and own your own building with the incredible sale prices from general steel that's right start saving money every month on renting space for mothers just call eight six six ninety five steel to see how general steel can help you save money our fifty year structural warranty buildings are custom designed for your needs and save you a ton of money call eight six six ninety five steel taken from a successful entrepreneur if you need to expand or start a new business unit general steel great team in the competitive pricing is the reason I went with general steel call eight six six ninety five steel now and you can get any of our popular quick construction structures including a forty by sixty foot building or a fifty by one hundred clear spend building fast and easy call eight six six ninety five steel that's eight six six nine five so seven eight three three five eight six.

Insurance companies drop some California homeowner policies

Climate Connections

01:13 min | 2 years ago

Insurance companies drop some California homeowner policies

"In twenty seventeen California. Wildfires is cost insurance companies. Thirteen billion dollars. That's four billion more than the cost of the prior ten years combined in two thousand eighteen. The cost grew uh even higher. Dave Jones a former insurance commissioner of California says the skyrocketing costs affect homeowners when risks. Get too extreme team for insurance companies. They do two things one is. They raised the price of their product to reflect that risk and second they begin to write right less insurance for that risk so many. Californians now struggle to afford their premiums and in some cases insurance companies are refusing to renew homeowner policies policies. People can buy fire insurance from the state as a last resort but to cover other risks to a home they need to buy homeowners insurance on top of that so it's expensive and some lower income homeowners aren't going to be able to afford it. Jones says as global warming leads to more deadly fires. We are marching steadily towards an uninsurable future with regard to wildfire risk. So some people whose homes are damaged or destroyed by a wildfire. We'll be unable to rebuild.

Dave Jones California Commissioner
"thirteen billion dollars" Discussed on 860AM The Answer

860AM The Answer

01:54 min | 2 years ago

"thirteen billion dollars" Discussed on 860AM The Answer

"Eight ten a phrase that's been invoked frequently during the trump impeachment inquiry is topping and universities a list of words that need to be retired in the new year there was never any quid pro quo one no quid pro quo there was no quid pro quo and there was no quid pro quo I want well it's a very old Latin phrase that means an exchange of favors but the word Smith's at Lake Superior state university say enough is enough each year the school invites the public to nominate words and phrases that are over used or just plain annoying also on this year's list artisanal influencer the short cuts jelly and tote for jealous and totally and the generational insult okay boomer there are now more than a thousand banned words or phrases in the Lake Superior archive which began in nineteen seventy five hi Jackie Quinn news and analysis at town hall dot com I'm Gregg Claxton correspondent Rhonda Russian reports that Disney owned the box office in twenty nineteen in fact the studio dominated American movie going more than any studio ever has before the Walt Disney company accounted for about thirty eight percent of domestic movie going easily the largest market share ever for one studio a whopping thirteen billion dollars in worldwide box office and that includes films from twentieth century fox the eighty four year old studio Disney gobbled up in March in a seventy one billion dollar acquisition one Star Wars the rise of sky Walker inevitably reaches the milestone it will mark the studios seven such billion dollar movie in two thousand nineteen but despite disease considerable firepower overall ticket sales U. S. and Canadian theaters were down four point four percent from the year before and then you're forecasting another down year in twenty twenty rounder roster reporting I'm Gregg.

Lake Superior state university Rhonda Russian Walt Disney company sky Walker Smith Lake Superior Jackie Quinn town hall Gregg Claxton
PG&E submits settlement agreement related to 2017, 2018 California wildfires

Morning Edition

00:58 sec | 2 years ago

PG&E submits settlement agreement related to 2017, 2018 California wildfires

"Let's start with you get another update on P. Jeannie and its efforts to emerge from bankruptcy the utility is due in federal bankruptcy court later this morning but last night it announced that it had eliminated a requirement that governor Newsome sign off on the thirteen billion dollars settlement with wild fire survivors can even do that how do they do that well you just write an amendment to the settlement which says the governor doesn't have to sign off on the deal and then you get wild fire victims who sued to agree to that clause basically that's what the utility dead this latest revised settlement deal is key to P. Jeannie getting out of bankruptcy last Friday Newsome sent a letter rejecting P. genies bankruptcy exit plan because he said it doesn't do enough to ensure the utility can provide safe and reliable power the genie says it's engaged in constructive dialogue to address the governor's concerns PGD shares took a dip yesterday closing down fourteen percent but they're on a rebound this

P. Jeannie Governor Newsome P. Genies Thirteen Billion Dollars Fourteen Percent
"thirteen billion dollars" Discussed on KTOK

KTOK

04:21 min | 2 years ago

"thirteen billion dollars" Discussed on KTOK

"Objects asteroids that kind of thing and Donald Trump promoting it as broad concept for part of the minds of the general public amid all the recent concerns regarding any of us in the news everywhere right now right and of course the airforce now being pushed by trump label released a statement calling for thirteen billion dollars that's anathema to be spent and over the next five years to set up the space force in US space command to oversee defense measures mostly out that involved the threat of asteroids because of an asteroid or comet or another celestial thread is heading towards the planet and early detection monitoring and you know whatever efforts maybe we can put out there is going to be the earth best defense by the way in my book the book opens with the fictional narrative even though the book is not fiction and nonfiction books but I open the very first chapter by providing of Samaria the fictional narrative and then at the end of it I say but is the spectrum and it really is depicting what is going on behind the scenes right now as I understand it with the NSA now skews me via say NASA and other space agencies who believe that a focus is the greatest threat but there's a couple of others that could be real threats to and it's what can we do if anything to mitigate these threats and they're looking at some really super exotic kind of technology even the idea of using like lasers or whatever there there's there's not fact I'm trying to think of the name right now anyway it was named after a German astronomer who talked about how photons being in a minute from our son or other in the space can affect the trajectory can basically bombarded and and micro move the trajectory of an asteroid so that even though we think we've calculated what the trajectory of that the space rock on that thread is going to be the actual be modified I want to say if your costs he anyway this this certain facts so they're looking and all that stuff they're talking about exotic technologies are really not so far as we know right maybe they are but so far as we know they're not really fully developed and could they be used to try to you know move some of the space threats away from impacting near but here's the other part about president trump's space force my going to this in the book and that is that the book of revelations warm was could also be on some people's mind in the U. S. government like we know recent releases Elmo phone but the call in the least recent releases of information from the FBI and the CI a is databases have shown that there is an element within the U. S. government that believes even things like aliens and UFOs and whatever but there really is something there and they think that up at least part of it could be something the feria and so it sounds like you have almost like I even Jellico believers operating inside the US government that are saying Hey look this is demonic right so when it comes to asteroids there is also that element it would not be a revelation for me to tell most people there that are listening to this program tonight that never have there been more profits the believers around an American president's inner circle of the case today and and I know some of these people summer friends of mine and I can tell you they are here in the year of president Donald Trump and there is an element behind the scenes that is looking at this in a billable call prosthetic way as well and determining you know do we think that is is if you have this like Tom warn the saying is there one word from prophecy from the book.

Donald Trump thirteen billion dollars five years
Louis Vuitton owner offers to buy jewelry icon Tiffany

Marketplace with Kai Ryssdal

01:54 min | 2 years ago

Louis Vuitton owner offers to buy jewelry icon Tiffany

"Up corporate news on this Monday is of the high end variety the luxury the stock is down roughly a third since the summer of two thousand eighteen but LVMH somehow still sees a sparkle marketplace Mariel Sagarra looks at why tiffany and why now often that means making an offer when their target is not at its peak suspect what's going on here is that if the stock price has not performed well the market thinks that they've not taken advantage of their brand as much as they could have tiffany is still in a place where it's valuable to LVMH Corey cupper is mergers and acquisitions lawyer Tiffany's obviously I kinda brand and some of those factors you know protests in Hong Kong and potentially the towers could be temporary situation LVMH has been on a shopping spree lately in two thousand seventeen it bought your for thirteen billion dollars about the same amount it's willing to pay for Tiffany I'm Maryelle Zegarra for

Lvmh Mariel Sagarra Tiffany Corey Cupper Hong Kong Maryelle Zegarra Tiffany I Thirteen Billion Dollars
Alfonso Gmez-Rejn Plugs Into The Right 'Current'

The Frame

07:09 min | 2 years ago

Alfonso Gmez-Rejn Plugs Into The Right 'Current'

"Today's show Kenny and Cartman in the South Park kid It's are in the middle of a big bidding war then Alfonso Gomez Ray homes movie the current war went into limbo because of Harvey Weinstein's troubles but the director let it go I couldn't stop because it wasn't hadn't been ripped away from yet and is more Aziz right wing nationalism turning off a large part of his fan base all that coming up on the frame Bloomberg's Lucas Shaw is reporting on a potential landmark deal for the lucrative streaming rights to a long running animated series before we hear from Lucas here's a clip from the show that we're going to talk about that got it banned in China here's the character that is fair to say represents the Walt Disney Company you are fat diabetic bear and if the Chinese don't watch you then I don't either now as Mr Marsh that's me randy marsh who is I don't know you are you from Pixar from South Park what South Park do I all not no not yet not yet and probably not soon that as South Park it just launched its twenty third season all old episodes of the series have lived on Hulu for the past couple of years but now the show's owner comedy central is looking for a new home Lucas who's chasing it and what kind of numbers are we talking about they are training get about five hundred million dollars or as much as five hundred million dollars for a four or five year deal and have have half a dozen companies bidding on those right they hope to get a deal done by the end of the year and I would expect you to get announced well before okay I gotta stop half a billion dollars for a couple of years for South Park we've seen deals for friends for the office what is happening here because that money seems crazy you mentioned into the office Big Bang theory has gotten a big deal Seinfeld got a big deal the money for South Park is in the Ballpark of those the thing to keep in mind to south park has more episode than any of those so that both inflate the overall package but the price that has been paid per episode decided think about it is actually a bit smaller than the other ones but what's happening is you've got this this race to build all these new streaming services you have comcast at and T. Apple and Disney all creating new services all meeting properties that people will want to watch in between those originals and the case of South Park it's one that has been very popular on Hulu and has a passionate passionate audience I think a lot of people are figuring if you go out and you license South Park not only is that GonNa bring in some customers which is weird for reruns be of more than three hundred episodes for people to watch at any time they're very watchable we're talking Luca Shaw at Bloomberg about the potential big deal for South Park does this fall into the whole idea of kind of a loss leader because there is such an arms race for content right now Netflix earlier this week borrowed another two billion dollars and has more than thirteen billion dollars in debt they're spending a lot to create an acquire content when you're thinking about a show like South Park what is the appeal of it does it bring people in who might not subsist arrive does it make those people happy wherever it ends up what is the benefit for a streaming service if you're maybe actually GONNA lose money on the deal I think it's a bit of both I think for most of these reruns especially for shows like friends in the office you're not bringing in new customers with those programs nobody is subscribing to each Max v because they're friends just like nobody subscribed to Netflix because it had friends but they're really good for retention and keeping people there in the case of South Park again so many episodes it just is a lot for people to watch so let's say for example Hbo Max five the Rights That means that for review or maybe inbetween washing succession and watchmen they might binge watch a few episodes of South Park and then a Lotta this in in my opinion is just defensive what you've got is these companies I've seen net flicks build a massive audience with their properties and with big old TV shows and movies that they had seen as not as valuable and even though net flicks is now not renewing its deals for a lot of them they just they can't stomach the thought of seeing that vacuum up these properties and continue to build an audience they want to go out and get some of these big names get a lot of headlines and show that they're in the game and so I think you're seeing prices for all these things go way up in large part because these companies have to atone and make up for years of bad dealmaking with Netflix I'm wondering about branding because if you look at Zinni plus they have I think five distinct brands it's Disney Pixar Marvel Lucas and nat go they're probably not that interested in south park giving what the creators have said about their own company but are there certain shows that fit into certain models in terms of what the content is better than others yeah I can look every service is working to define what their proposition is to consumer you know you mentioned Disney plus one hundred percent right that is not a place for park but Hulu which is also owned by Disney is where South Park has been and does a little bit more into that brand offering HBO Max makes a lot of sense shows from HBO which are obviously you know John Oliver has no problem thumbing his nose at his new corporate parents that at and T. You could see south park fitting there does South Park's bid that's something like peacock which is the service coming from comcast that's hard to know because we don't really know what the identity is of comcast South Park feels like a stretch thing like apple I could be wrong maybe apple go in and buy it but apple has thus far not bid on a Lotta Library shows and apple similar to Disney is very sensitive of its end image and I'm wanting to be relatively family friendly apple also has a huge business in China so the fact that South Park has just offended the Chinese government make the topic proposition and let me ask you this one last question South Park even though it's not at the top of the ratings has been incredibly popular for comedy central does that mean that that audience could be equally big on a streaming service I think it could especially because South Park core audience is a young man I was speaking with the former Viacom executive earlier this week and we asked him have how big South Park was for comedy central and they said that South Park was the most important show on that network it was not only the most popular one for many years it might even still be now but it was the one that sort of fed into the other programming because it spoke to that core group and frankly young men are the customers that have been most likely to sign up for streaming services early there what the industry thinks of its early adopters and so if you've got a new service and you've got South Park near betting going to probably help them in getting some of the young men in the door

Kenny Cartman South Park Harvey Weinstein Director Alfonso Gomez Ray Five Hundred Million Dollars Thirteen Billion Dollars One Hundred Percent Two Billion Dollars Billion Dollars Five Year
"thirteen billion dollars" Discussed on KTOK

KTOK

03:32 min | 2 years ago

"thirteen billion dollars" Discussed on KTOK

"What's causing the outbreak but some researchers found high levels of vitamin E. acetate in the lungs of patients the CDC urging people to stop vaping at least for now. from the KT okay weather center and four warn storm team will have increasing clouds today if we could see some isolated storms later today tonight definitely will have storms well hi today of eighty eight a low tonight in the upper sixties and tomorrow partly cloudy a chance of morning storms and will have a high in the low eighties I'm Jacquelyn Scott newsradio one thousand Katie okay. newsradio one thousand Katie okay studios are service of universal men's clinic for medical solutions for ET L. O. T. learn more at universal men's clinic dot com. tired of roofers knocking on your door Holly local reputable company you can trust don't deal with a knowing door knocking companies were out of town rivers that are here today and gone tomorrow when storms leave your refer mass call Janice we can help you walk through the insurance process without the worry and hassle our number is eight oh six Ruth ask about our free upgrades to an impact resistant shingle call now eight oh six roof that's J. in a solution eight oh six discover Oklahoma's most luxurious boutique hotel resort the dominion house in Guthrie delicious meals relaxing spa and massage therapy in the most beautiful hotel rooms imaginable visit dominion house got three dot com to reserve your romantic adventure which is building a better bank look like it starts with building Capital One cafes warm inviting place they feel nothing like a typical bank where you can open an account with no fees or minimums in five minutes and you'll always find people ready to help you not sell you welcome to banking re imagine what's in your wallet for consumers only offered by Capital One N. A. member FDIC cap is available in select locations copyright twenty eighteen Capital One attention military service members if you use dual sided combat arms your books during active duty between two thousand three and twenty fifteen and then suffered tonight is ringing in the ears hearing loss you may be entitled to financial compensation contact Thomas J. Henry for a free and confidential consultation that'll come to fifty and see key words service that's come to fifty keyword service call Thomas J. Henry now and get the money you deserve printable office in San Antonio Texas you have the option to receive a one time auto dial text message from the station. how much wood Oklahoma offer incentives to attract a business that generates nearly thirteen billion dollars in revenue and supports employment for almost one hundred thousand people that's the economic impact of the native American tribes of Oklahoma learn more at United for Oklahoma dot com. check weather conditions wherever you are Katie okay dot com. entertainment and enlightenment. you know we've had a. we've had a tough tough week with. nine eleven the remembrance yesterday in the stupid things the press were saying yesterday about it they had just hurts and it's Thursday I thought we could stand a few laughs I wanted to check in with her friend Nick.

thirteen billion dollars five minutes
"thirteen billion dollars" Discussed on AP News

AP News

03:13 min | 3 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 | 3 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 | 3 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 | 3 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 | 3 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 | 3 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 | 3 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 WAFS Biz 1190

WAFS Biz 1190

01:31 min | 3 years ago

"thirteen billion dollars" Discussed on WAFS Biz 1190

"January set to post their first net outflows since two thousand and sixteen thirteen billion dollars left equities and went into the bond market that those folks make the right decision. Well, we got a lot of companies in the news today. Earnings earnings earnings. This is Bill Gunderson. We'll be right back. We're all in different state because of the investment cycle. Some of us are younger at the beginning of that cycle. These folks can afford to take more risk, but it is so important to get started out on the right foot. If you start feeding the kitty early keeping the kid all the right places the power of compound inferences one of the strongest forces in the universe. We call this. The accumulation phase of our lives others of us need to start Tony things down a bit. But still need growth. These folks cannot afford to take a big hit like the ones that the market delivered in two thousand and one and in two thousand and eight then there are those of us that needs safe-money. Traditionally this has been the bond market, but we are now in a rising interest rate environment. So we need to seek alternatives. In addition to this. It is time to start taking income from our accounts, we call this the distribution phase, if you're nearing retirement or in retirement, give us a call about the distribution phase of your investing light, you can reach us at eight five five six eleven. Best eight five five six eleven best. The stock market.

Bill Gunderson Tony sixteen thirteen billion dolla
"thirteen billion dollars" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:31 min | 3 years ago

"thirteen billion dollars" Discussed on WAFS Biz 1190

"In January set the post their first net outflows since two thousand and sixteen. Thirteen billion dollars left equities and went into the bond market. Those folks make the right decision. Well, we got a lot of companies in the news today. It's earnings earnings earnings. This is Bill gunnison. We'll be right back. We're all in different stages of the investment cycle. Some of us are younger and at the beginning of that cycle. These folks could afford to take more risk, but it is so important to get started out on the right foot. If you start feeding the kitty early and keeping the kitty and all the right places. The power of compound interest is one of the strongest forces in the universe. We call this. The accumulation phase of our lives others of us need to start Tony things down a bit. But still need growth. These folks cannot afford to take a big hit like the ones that the market delivered in two thousand and one and in two thousand and eight then there are those of us that need safe-money. Traditionally this has been the bond market, but we are now in a rising interest rate environment. So we need to seek alternatives. In addition to this. It is time to start taking income from our accounts, we call this the distribution phase, if you're nearing retirement or in retirement, give us a call about the distribution phase of your investing light, you can reach us at eight five five six eleven. Best eight five five six eleven best. The stock market.

Bill gunnison Tony Thirteen billion dollars
"thirteen billion dollars" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:44 min | 3 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 No Agenda

No Agenda

03:44 min | 3 years ago

"thirteen billion dollars" Discussed on No Agenda

"Five gene the ultra fast wireless technology that will soon be connected to everything but that could also be vulnerable to cyber attacks to the more i think about this i'm more here these types of reports i think that the move is got to be towards some kind of nationalization or some way to to get it subsidized by the treasury basically deport to print money to to smother the chinese or whatever it is somewhere we've got to bring this to a national level and all this other stuff may just be window-dressing i'm sure china have different culture they don't care everything's from the people so they don't see to stealing to paraphrase no this is was told us once years ago by communist when i was in the soviet union he said we believe that all intellectual property is the property of the people right and that's the chinese thing too and they were all k- will they only pay lip-service our notions right but this five g. there's a lot riding on it yeah it's like i think healthcare is also you know the insurance industry let's call the healthcare industry it's big farm eids bankers with in with insurance it's all of this i think their their version of growth and maybe this is why it's happening is let's give everybody free healthcare that the government pays for and then let's let a lot of extra people in like you know who's going to win is not going to be the tax payer but someone's gonna make out like a bandit because they expand to an infinite number free healthcare and bring in all kinds of extra people let them just run in there's a formula for success it's a winning success but of course you know some people also take it a little too far the sackler family which this is not something that is in the news a lot because it's pharmaceutical and the and i was surprised to see this on good morning america but they did a piece about purdue purdue is the company owned by the sackler family that owns the patents on oxycontin and who well the report explains how brazen these people are michael good morning to you the national safety council says americans are more likely to die from an accidental opioid overdose that car crash this morning the attorney general massachusetts is accusing the billionaire sackler family of contributing to the epidemic thing they knew the risks but push the drug anyway the complaint alleges certain members of the sackler family who are worth thirteen billion dollars world where the dangers of oxycontin but continued to push sales according to newly filed court documents when oxycontin was first released rich richard sackler produced former president and son of the company founder is quoted saying accompany event that the launch would be followed by a blizzard of prescriptions the complaint also says years later as evidence of widespread abusive oxycontin began to mount sackler orage the company to blame addicts allegedly writing in an email we have to hammer on the abusers in every way possible they are the culprits and the problem they are reckless criminals do farm telling a._b._c. news the attorney general has cherry picked from among tens of millions of emails and other business documents produced by purdue the complaint is littered with biased and inaccurate characterizations of these documents purdue in the individual defendants will aggressively defend against these misleading allegations now purdue pharma statement goes on to say that we continue to fight for balance in the public discourse so that's a psyche can simultaneously help pain patients in need entry it real solutions to.

thirteen billion dollars once years five g
"thirteen billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:07 min | 3 years ago

"thirteen billion dollars" Discussed on Bloomberg Radio New York

"To their older iphones a bit longer than in the past. When you paired this with the macro economic factors particularly in emerging markets it resulted in iphone revenue that was down fifteen percent from last year. Our iphone results accounted for significantly more than our entire year over year revenue decline sales in greater China during the holiday quarter Slade to about thirteen billion dollars. And that was down from eighteen billion a year earlier sales in the Americas rose, but only modestly Treasury Secretary Steve Mnuchin is sounding optimistic ahead of high level trade talks, which kicking off in Washington Mnuchin telling FOX business network, there's a chance the US may lift all tariffs that he says is if China presents enough trade concessions to President Trump, but Bloomberg's Shaun Donovan says be skeptical, and the Trump administration is a lot of China hawks in there, and they don't wanna lift what they see is. Serious leverage over the Chinese side anytime soon. Sip to meet with top Chinese officials in Washington tomorrow and on Thursday alongside US Trade Representative Robert lighthizer investors are also gearing up for the news conference after the fed meeting tomorrow. And it's the same question that we asked last time we had a fed meeting with chair Powell what will Jay say some insight here from Bloomberg international, economics and policy. Correspondent Michael Mckee? The fed isn't going to move interest rates, nor are there new forecasts or a new dot plot for investors. It's all about the chairman's news conference now happening after every meeting will Powell tilt more hawkish or dovish or hue to the data dependent policy language. He's recently used and given he'll likely face more pointed questions on the balance sheet. Does he hint at any decisions on what fed officials think the final level should be? And when they think they might get their Michael Mckee, Bloomberg daybreak Asia critically undersecretary David Malpass has to be a finalist full president of the will Bank moral MAC from blue. Windbags Ramy Inocencio. We're hearing the Trump loyalist is among the top candidates has President Trump continues to interview people for the job. Sources also tell Bloomberg several others are now unlikely to win Trump's recommendation unless he changes his mind and those dropping down or off the list include PepsiCo chairman, ingenuity while parts is an economist and former Trump campaign advisor at treasury. He's played a central role in U S, China trade talks and his departure would leave a void in treasuries senior management Ramey. Incensio Bloomberg daybreak Asia. All right. The time is now five and a half minutes past the hour UK parliament, taking control of the Brexit deal. Sending the prime minister back to the EU for more discussion and Baxter has global news in the Bloomberg nine sixty San Francisco newsroom and liked it before when you said no to this. No to that note of this. Well, that's what they did. Thank you. They ripped up. The dale. They've said not delaying the accident sent the prime minister back to renegotiate with the U appetite. Such a change in the negotiating.

Bloomberg President Trump Michael Mckee Trump undersecretary fed China Bloomberg international chairman US prime minister Shaun Donovan Ramy Inocencio Slade Asia David Malpass Steve Mnuchin Powell