35 Burst results for "Thirty Billion Dollars"
Canadian National Voting Trust for Kansas City Southern Deal Denied by Regulator
"Regulators ruled. That canadian national won't be permitted to complete a thirty billion dollar deal to buy kansas city. Southern railroad using temporary voting trust. That was a crucial part of the offer. The surface transportation board said canadian national hasn't demonstrated that its use of a voting trust would be consistent with the public interest canadian pacific chief executive said tuesday that it's most recent offer made august tenth still stands and should be deemed superior given that it provides regulatory certainty kansas city southern shares closed down four point four
Beware Buy Now, Pay Later
"I wanna talk about something that has spread like crazy around the united states. I i brought it up in twenty twenty leading up to the christmas selling season and it was not as widespread. Then is it's become now know what it is. It's when you get to register in a store or you're shopping online and at the last second you're offered an option of not having to pay for what you're buying i mean. Is this a great country or what that item. You've got there that new piece of electronics or that new purse or that shirt or blouse or that dress or whatever you don't have to pay for it even just walk out with it right now and you're like what's the catch well will allow you to pay for it. Typically over four easy payments and no interest. It's called buy now pay later. It was popularized in australia. And now big. Time in the united states and i see it and experience it everywhere i go now with buy now pay later many different competitors doing it square bought the biggest one recently called after pay. They paid roughly thirty billion dollars to buy it. How could there be so much money and letting people walk out our stores or shop online without having to pay any money when you got the goods because there's no interest charged if you do everything exactly right. There's no penalty fees if you do everything right but humans being as we are. We don't always do everything. Is we intend.
Bitcoin Rallies Defiantly as Senate Infrastructure Battle Hits a Snag
"What's going on guys. It is monday. August ninth and today. We're talking about bitcoins. Defiant rally as the senate battle hits something of a snag so let's get caught up on everything that happened this weekend at this point. I'm going to assume you know the setup at least somewhat last minute provision in the infrastructure bill looked to get around twenty eight billion dollars of the bills cost to be covered by new tax. Reporting rules around crypto. The problem well there are a lot of problems for one. The joint committee on taxation. That came up with this number. Hasn't had to show its work anywhere and there's fairly good reason to be skeptical that there's nearly thirty billion dollars and under reported crypto taxes but alas that wasn't the issue we had to focus on instead the issue at hand was that the new reporting requirements swept everyone in crypto networks including non-custodial actors like miners validation software developers into the definition of a broker by their very nature. These actors don't have access to the info that would be obligated to report anyway fast forward over the course of the last week. Washington was assailed with what they found to be a shocking amount of lobbying from the crypto community shocking to them perhaps much less shocking to those of us who actually know about the fervor in. This space a bipartisan group of senators including republicans. Pat toomey and cynthia lumps and democrat. Ron wyden put forth an amendment that made clear exemptions people like miners. This seemed like it should have been all that controversial republican rob portman who wrote the provisions in the first place had said numerous times that the intent was not to include those people however the treasury department who he was consulting closely with wanted. Maximum flexibility to write the implementation however they chose
Pompeo: Afghan fight against Taliban 'a matter of will'
"Former secretary of state Mike Pompeii OSI's president Joe Biden was right to decide to withdraw from Afghanistan Taliban forces are making broad gains in northern Afghanistan has thousands of government troops flee across borders to avoid the fight even so former trump administration secretary of state Mike Pompeo says he believes the government troops can secure their country we give them twenty years thirty billion dollars a year of our systems we give them all the training they could handle it's time for them to step forward and actually deliver on security for themselves under trump Pompeii oversaw negotiations with the Taliban he applauds president Biden's decision to withdraw since the end of trump's term Pompey was formed a political action committee and is considered a potential twenty twenty four presidential candidates I'm Tim acquire
Facebook Introduces a New Miniplayer That Streams Spotify
"The short film co. let from facebook's oculus studios and e as respond entertainment game studio won an academy award for documentary short subject the first project from the game industry to win an oscar. The film was created for the video game medal of honor above and beyond and is available to stream on youtube oculus tv and the guardians website the new york times reports that the indian government ordered roughly one hundred posts critical of the country's covid nineteen response to be removed from twitter facebook and instagram india claim the posts were misleading and could incite panic. The platforms complied with the order with twitter blocking the tweets in india but leaving them available outside the country on monday apple detailed its plans for. Us development over the next five years including investing four hundred and thirty billion dollars building a new campus in north carolina and adding twenty thousand jobs in the us apple also pledged tens of billions of dollars for the development of next-generation silicon and five g. Technology apple says the north carolina campus will support at least three thousand jobs in machine. Learning artificial intelligence software engineering and other fields. Facebook rolled out support for a new spotify. Many player in the news feed which will continue to play content as a user continues to grow their feed part of a partnership that the companies announced last week the features available to free in premiums spotify users. who will now see facebook and facebook newsfeed option when selecting the share option from within the spotify app and a separate blog post. The company also confirmed its building. Its own app. Podcast player was shows having to opt into the service and expected to roll out in the next few months and macrumors confirmed that the revival ransomware group removed all references related to an extortion attempt against apple which previously included images and schematics. Stolen from the odium quanta. The group had pledged additional information through. May i if not paid a fifty million dollar ransom and it's not clear why the information was removed
Microsoft Is Acquiring Nuance Communications
"Microsoft has acquired speech tech company nuance for nineteen point. Seven billion dollars in cash a twenty three percent premium on its friday closing price on the stock market quoting cnbc the nuance acquisition represents microsoft's largest acquisition since it bought linked in for more than twenty six billion dollars in two thousand sixteen. It's the latest sign. Microsoft is hunting for more growth through acquisitions. The company is also reportedly in talks to buy the chat app. Discord for about ten billion dollars on top of that microsoft made an effort to bhai tick tock. Us business last year for about thirty billion dollars before the deal was derailed. Last month microsoft completed its seven point six billion dollar acquisition of gaming company zan amax nuance would be aligned. With the part of microsoft's business that serves businesses and governments nuance derives revenue by selling tools. For recognizing and transcribing speech in dr office visits customer service calls and voicemails in its announcement microsoft said nuances. Technology will be used to augment microsoft's cloud products for health care which were launched last year in an interview on cnbc squawk on the street. Monday microsoft ceo such an adela highlighted nuances healthcare tools as the key driver behind the acquisition quote. We've seen a massive acceleration of digital transformation healthcare in particular nonetheless said when you think about the provider market digital tech is going to be the
Microsoft Signs Deal To Outfit US Army With AR Headsets
"Essentially this. This broke yesterday. And what i called. It was the biggest news in the history of the ar industry which is not saying much since the air industry is relatively young but this is like a big bang moment because in one deal in industry can be validated and so the headlines would be microsoft Signed a contract with the pentagon to create one hundred and twenty thousand custom hollow lens. A our headsets for the us army and that deal could be worth as much as twenty one point eight billion dollars over ten years. The point that i made on the show was think of all of those moon. Shots that google has been investing in and this is not me being snarky in one fell swoop. Microsoft has essentially completely earned. Its money back from a moonshot that no one was paying attention to were. But this is a hardware moonshot. This is essentially if people have been thinking about a. r. n. vr as the next big thing to the tune of twenty billion dollars. Microsoft is like this is by the way a thing now so I this follows. Of course the the deals that microsoft has done with the pentagon in terms of their cloud computing stuff. But i'm saying and compared to the moon shots of google and comparing it to what amazon has done with aws and all the sudden amazon out of left field. Or i'm sorry. Microsoft out of left field has this whole pentagon arm of its business that depending on how you term it in terms of years something is worth thirty billion dollars so dialing back from the pentagon angle of it. It's just the idea that out of nowhere. The ar vr space in my opinion has suddenly been validated.
COVID-19 Relief Package Includes Billions For Transportation Sector
"All right how often did you fly. Or maybe the trainer buster in the pandemic. Yeah the transportation sector has been hit hard but anyone who rides in trains planes or automobile should benefit from the one point nine trillion dollar cove relief package. Npr's david schaper reports. It was a year ago this week. The us what unlocked down highways and airports were suddenly almost deserted. People travelling overseas scrambled to get flights home at mass transit. Trains ran nearly empty in the virginia. Suburbs of washington. Dc forty six year old. Sandra vigil had been driving buses packed. with sixty. to seventy people are more. We ended up taking towards the end of march. He was like one two people per ride. If you had any people at all last march twenty ninth vigil says she about ninety five percent of her loudon county. Transit co workers were furloughed. Her's lasted four and a half months and unemployment wasn't enough to make ends meet. A lot of fail behind are not rental car payments. Because he was either eating or paint a car or paying the rent and thing they lakeville transit systems across the country so ridership plummet ninety percent or more in revenue fell with it yet. Mass transit is essential especially for many low wage workers. Again bus driver. Sandra vigil in order to keep the buses running and to keep us working. We needed this money. The relief bill includes thirty billion dollars for transit. It also includes one point seven billion dollars for amtrak enough to bring twelve hundred furloughed employees back to work and restore daily service on long distance routes and there's funding to help states continue fixing crumbling roads and bridges offsetting. They're lost gas tax revenue as for airlines. I have fantastic news year. That's american airline ceo. Doug parker in a video message to employees about the plan which includes another fourteen billion dollars payroll support. That's good news for the thirteen thousand american employees who were facing furloughs april. First so if you have one of those worn out notices we sit out in february. Tear it up. There aren't going to be any furloughs at american airlines in april and with vaccinations on the rise. Hopefully never again. Ceo parker says the last three weeks have been the airlines best. Since the pandemic hit with bookings and passenger volumes up that's happening at other airlines too so much so that after months of hemorrhaging tens of millions of dollars a day the ceo's of delta and united now expect to reduce their daily cash. Burn two zero this month or next while southwest is on track to break even by june. Of course that's relatively easy to do. When tax payers are essentially covering much of your payroll airlines have now received more than fifty billion dollars in federal payroll grants since the start of the pandemic. This was hugely important. And as a pilot for american airlines at spokesman for the pilot's union. The last thing i wanted to be is on our heels when everybody was ready to get back. Flying tiger says if pilots had been furloughed. They need weeks. If not months of training before being able to fly passengers again. You do not want to be staring at the recovery and turning around and seeing the flight deck empty. Because you weren't able to train. The pilots quickly. Enough joe sweet. Herman transportation professor at chicago's depaul university. Says this government aid is crucial is pretty clear that the airlines were such a desire straight federal assistance and a big way we would have lost an airliner to sweden and says the federal aid helps airlines amtrak transit agencies and highway departments continue critical operations while adapting to a post covid world a world that will likely lead to more operational changes in the near.
Inside Biden’s $1.9 Trillion Stimulus Bill
"Start right there with a pass of that. Covid stimulus bill in the senate on saturday night. I do need to preface this by saying it does have to pass the house again because there were some changes made by the senate so it's not passed into law just yet but we'll go for what this bill will include when it goes through the house and i'm going to try my best to sound like i'm not rattling off just a bunch of dollar amounts but there's a danger. It might sound like that but just bear with me. There might be something in there that would be useful for you. Your family someone. So for helping the unemployed it extends that three hundred dollars a week plus the state unemployment end it makes the first ten thousand two hundred dollars of that non taxable for households making less than a hundred and fifty thousand dollars it also fully funds cobra. Health insurance premiums so that employees who have been laid off can remain on their employer plan for free. There's also going to be another round of checks fourteen hundred dollars for a single taxpayer. Twenty eight hundred couples indy. Get fourteen hundred dollars per dependent now the starts to taper off at seventy five thousand for individuals or one hundred and fifty thousand dollars for couples ended completely gets phased out at eighty thousand dollars for a single tax payer and one hundred and sixty thousand dollars for a couple it gives state and local governments three hundred fifty billion dollars to cover expenses related to covid through twenty twenty four gives schools one hundred and thirty billion for k. Through twelve in forty billion dollars for colleges and that's to help them reopen safely so parents can get back to work for businesses. they'll be twenty five billion dollars going to restaurants and bars. This max out at ten million dollars per company in five million dollars per location additionally there will be seven point two five billion for the paycheck protection program once again forty. Six billion dollars will be going to state local and federal governments to help with testing and contact tracing as well as fourteen billion dollars to help speed up. The vaccine distribution for healthcare there will be financial assistance for aca affordable care act premiums and this is just looking to get the number of people covered by insurance to increase into further incentivize. The south to expand medicaid since they're sort of the holdouts town there. The republicans are blocking that there are also increases in tax breaks to parents who have kids up to three thousand dollars per kid if their age six to seventeen and thirty six hundred dollars per kid if they're under six years old and that spread out over the twelve months according to analysis this plus the fourteen hundred dollar check would cut the number of kids in poverty by more than half. In addition there's changes to the earned income tax credit for this year in extends to people without children. And if you're looking for how much that would be for low to moderate income folks. It'll be somewhere between five hundred and forty three dollars in one thousand five hundred and two dollars. Lastly in the rental and homeowner category it gives thirty billion dollars to help low income and unemployed folks afford rent and utilities and at the state level states and tribes get ten billion dollars per homeowners. So all in all. I think thing that really struck me. Was this tweet that i saw saying that. Isn't it kind of crazy. That biden asked for a one point nine trillion dollar stimulus deal and he got a one point nine trillion dollar stimulus deal like i think that makes biden a pretty good politician. One of the main criticisms of obama was at he started out by compromising with republicans and gave them the compromise offer in the first place instead of starting out high. You can't say that for biden so far in this could be a sign of good things to come but like. I said they're hoping that this gets signed into law by the end of the week after the house passes it sometime this week.
A Look Inside The COVID-19 relief bill Passed By Senate
"The senate passed a one point nine trillion dollar covid nineteen relief. Bill here's what senate by elena abramson the senate on saturday afternoon narrowly passed a one point nine trillion dollar cove nineteen relief package a key milestone for president joe biden to ink his first legislative priority into law the avalanche of federal dollars which clock in at approximately nine percent of the country's gross domestic product includes fourteen hundred dollar checks for middle and lower income. Americans extend unemployment insurance through much of the summer and provides seventy billion dollars to increase vaccine distribution and coronavirus testing. The bill was passed entirely along party. Lines with all senate. Democrats supporting it and all republicans opposing. This nation has suffered too much for much. Too long biden said in remarks from the white house on saturday. Everything in this package is designed to relieve the suffering and to meet the most urgent needs of the nation and put us in a better position to prevail starting with beating this virus and vaccinating the country. The house which already passed version of the bill on february. twenty seventh is slated to vote on the amended. Text on tuesday before sending it to biden's desk so he can sign it into law. Here is a look at six major components of the bill direct payments for millions of americans under the senate plan individuals making up to seventy five thousand dollars in couples. Making up to one hundred. Fifty thousand dollars per year are eligible to receive a fourteen hundred dollar check individuals. Earning between seventy five thousand and eighty thousand dollars and couples. Earning between one hundred fifty thousand dollars. One hundred sixty thousand dollars will receive some of that money but not the full amount. The eligibility thresholds are a change from the house's initial version which kept the threshold at one hundred thousand dollars for individuals and two hundred thousand dollars for couples senate. Democrats lowered the eligibility for the stimulus checks to get all democrats onboard after resistance from some moderates in their party. The decision means that an estimated seventeen million americans who received a check under former president. Donald trump won't get one under biden. According to a study from a nonpartisan institute on taxation and economic policy biden said on saturday that the government will begin sending the checks to eligible americans. This month extended unemployment insurance current federal unemployment benefits. Which a lot an additional three hundred dollars per week on top of state benefits are set to expire on march fourteenth. The senate bill extends the program through september sixth at three hundred dollars per week for households. Earning under one hundred fifty thousand dollars. The first ten thousand two hundred dollars of the unemployment benefits are non taxable to prevent surprise billing at the end of the year. These were also changes from the house version of the bill which provided four hundred dollars per week through all twenty ninth. The reduction in unemployment insurance in the senate version was implemented to ensure moderate senator. Joe manchin a democrat from west. Virginia would not break with his party. According to a democratic aide expanded tax credits for families. The bill raises the child tax credit for most families in the coming year by one thousand dollars to three thousand dollars per child. It's even more for families with young children. Many can receive credit of three thousand six hundred dollars for each child under age six. All of these credits are fully refundable and some researchers say these measures could potentially help cut child poverty and half funding for state and local governments and public schools. The bill delivers a three hundred fifty billion dollar cash infusion to state and local governments and one hundred thirty billion dollars to elementary middle and high schools to help them reopen safely. Local budgets have faced steep declines in revenue as businesses remain shuttered during the pandemic last september. The brookings institute estimated that state and local revenues would decline by one hundred fifty five billion dollars in twenty twenty one hundred sixty seven billion dollars in twenty twenty one and one hundred forty five billion dollars in twenty twenty two. The money for schools is designed to help them improve their ventilation systems. Hire more janitors and reduced class sizes to conform with social distancing protocols. Democrats argued that this money was necessary to save public sector jobs and enable teachers and students to return to classrooms without risking their health. Republicans said that the funding already allocated through. Last year's relief bills was sufficient and that sending more money the state and local governments was superfluous relief for restaurants. The bill includes traditional fifty billion dollars in assistance for small businesses including more than seven billion dollars for the troubled payment protection program and a break from previous relief packages. This bill provides twenty eight point. Six billion dollars in grant relief specifically for restaurants which have been particularly decimated by the pandemic
The Biden Relief Bill: Who Gets What
"Okay. Who is getting. What in the biden. Bill perio first up is what most adults in. The country are going to get a one time payment of up to fourteen hundred dollars. This is the single biggest part of the bill. And here's where the bill stands. Now if you made less than seventy five thousand dollars either last year or the year before you will get the full amount fourteen hundred bucks beyond that if you made between five thousand and eighty thousand dollars you get a smaller amount and if you made more than eighty thousand dollars you will not get one of these checks for married couples who file their taxes together. The cutoff for getting a check is a combined. Income of one hundred and sixty thousand dollars in these checks are both the biggest and the most universal part of the bill. The exact amount of money that your household will get does depend on a few things in addition to your income. Like whether you have kids or other dependents but even so roughly eighty to ninety percent of all households in the us are gonna get checks for some amount of money and the hope is that people will spend that money to help boost the economy so next step people who are getting money in the stimulus bill. The unemployed four hundred dollars per week on top of what they would normally get from their state in unemployment benefits when there isn't a pandemic and that extra four hundred dollars. A week will last until nearly the end of august and there's a lot of people still claiming unemployment benefits each week almost nine times as many people as a year ago right before the pandemic started. That's more than nineteen million people claiming those benefits right now and a big part of the reason why there are so many is the government has expanded the range of people who can qualify for these benefits during the pandemic and the reason unemployment benefits matter for the overall economy. Is that the allow people to continue spending money while they are between jobs paying their rent buying groceries buying school supplies for their kids yet without the extra four hundred dollars. Unemployment benefits would only replace less than half of a workers lost income on average but with the extra four hundred dollars from the stimulus bill. These benefits will be replacing more than eighty five percent of the lost income for the average unemployed worker up state and local governments. What they're going to get from the bill so tax revenues for a lot of state and local governments have just deride pandemic and some of them have been forced to cut back on services that they typically provide like garbage collection law enforcement mental health and addiction treatment services and a bunch of others state and local governments have also had to lay off one point three million workers especially a lot of workers in public schools teachers administrators janitors. It's one of the hardest hit sectors of the labor market so this bill provides three hundred and fifty billion dollars for state and local governments. And actually that might end up more money than state and local governments lost during the pandemic three hundred and fifty billion dollars is above the range of estimates for how much money state and local governments will have lost through next year. But it's also true that some states and local governments are in worse shape than others and so one of the big debates in the senate is over just how to allocate this money between different states and cities. And we're gonna pass here for a second because if we stop right here just right now out of the cost of those three things that we have discussed the checks that go out to almost everybody. Stimulus checks the bigger unemployment insurance benefits and the money that goes to state and local governments. That is the biggest part of the bill. Roughly half of it around a trillion dollars is going to go to those three things combined yet and there's all kinds of interesting and important stuff and the rest of the bill to so. Here's a few more that we definitely think are worth mentioning. Starting with what parents are gonna get. Yes so parents are going to get an extra fourteen hundred dollars for each of their children and this includes adult children who parents list as their dependence. Yeah so if you are. A family of four people say to spouses and two kids. The total amount. You're gonna get in those one time. Checks is up to fifty six hundred dollars. But that's not all. The bill also increases the size of the child tax credit for one year. So parents will now be able to offset their tax bills by thirty six hundred dollars for each kid under the age of six the really young ones and by three thousand dollars for other kids who are not yet adults bottom line take that same family of four and let's say both parents make less than seventy five thousand dollars each year and let's say their two kids are very young. They're toddlers that family could get a total of nearly thirteen thousand dollars in checks and tax credits because of this bill. Okay and now. Let's look at what schools are going to get kindergarten to twelfth grade. Schools are gonna get roughly one hundred and thirty billion dollars but maybe what's most interesting is what that money is intended for. Yes so this money is not for textbooks. It is for things that make it easier for schools to reopen and operate during the pandemic. So things like improving ventilation buying more personal protective equipment and even changing the shape of a classroom so that social distancing between students is easier next up. The bill includes tens of billions of dollars for loans and grants to businesses and the industry. That's going to get the single biggest amount in grants. So that's money that does not have to be paid back is bars and restaurants yup bars and restaurants. They can prove they lost money. Last year will be eligible for up to ten million dollars each in grants and the bill has set aside a total of twenty five billion dollars for eateries and watering holes and restaurants. And though that is the most any industry is getting in this bill. Some perspective is important here last year. Bars and restaurants lost about a hundred and forty five billion dollars sales from the year before. It's a twenty percent decline and there are still nearly two and a half million fewer jobs in bars and restaurants than before the pandemic and this year knock on wood will not be as bad because people are getting vaccinated. Covid cases are coming down and more of the country is reopening still. That is a huge hole to dig out of
White House relief package to boost COVID-19 testing at schools
"White house press secretary. Jen psaki says president has included one hundred thirty billion dollars in his corona virus relief proposal to include corona virus testing supplies and coordination to get more students back to the classroom because he knows that schools across the country need funding to satisfy some of the mitigation steps that are recommended in the cdc guidelines who cdc's recommending smaller class. Size and mask wearing but teacher. Vaccinations are not in the current
The Third Time May Be the Charm for the Staples/Office Depot Merger--Sort Of
"If at first you don't succeed try try again. Yes we've all heard and that appears to be the mantra of office supply company staples when it comes to its acquisition plans for rival office depot after two previous attempts staples hope that the third time would be the charm as it made another run at joining forces with its big box industry. Peer but the marriage hasn't even happened yet and it already appears that the honeymoon is over office. Depots leadership rejected the two billion dollar offer. Which is about a third of the amount staples was prepared to shell out in its second takeover attempt six years ago. A federal judge blocked that action due to antitrust concerns but a week after the most recent offer joseph loose luso who is chairman of office depots parent company. Odp sent a letter to the board stating that. There were better ways to craft a deal. Reports the financial times vassilis so expressed concern that regulators could block the merger on antitrust grounds which would cause quote significant damage to the business. In other words. The deal will get mired in red tape. And regulatory oversight affecting office depots ability to handle its day to day operations in an effort to head off the objections of wary. Regulators staples has left some options on the table including having the merged business focus on retail business markets instead of also serving large commercial accounts. The financial times reports does letter drew another line in the sand to it said that staples should bear the cost of any potential regulatory risk in an interesting turn of events. Office depot is also landed new financial brains in bronze on its board h. g. vora capital management is an investment fund that had been a silent investor in office depot until january. Then a member of the firm joined the board. Having such an institutional shareholder representatives like quote having free access to an investment bank does not care about fees only shareholder value according to a report on. Cnbc the new board member can help the leadership team. Think more strategically about the best course of action ahead. But the sparring potential partners may want to settle their differences and decide what they wanna do soon. This latest merger attempt comes at a time when office supply brands are struggling in a competitive environment. That includes giants like amazon and walmart. Perhaps you've heard of them and while privately held staples doesn't disclose its financials office depot sales. Were down nearly ten percent last quarter retail wire reports since last merger attempt. Six years ago amazon has become a major force in the office supply. Market it's business. Marketplace is expected to hit more than thirty billion dollars in the next two years. Such a massive competitor may change regulators hearts about letting the two bricks and mortar brands tied the knot according to some reports since the office depot response the ball is back in staples court whether the to office supply. Retailers are to come to some kind of agreement. Well that just may come down to thinking outside the big box
How Netskope is Refining Edge Security
"Today we have sanjay beri. He is the ceo and co founder of netscape sanjay. Welcome to the show. Thank you great to be here all right so we always give all of our guests an opportunity to tell us exactly what their company does. Your the ceo and founder of netscape. What do you guys do absolutely so. Our focus is making sure that organizations enterprises across the world can leverage the new way people work remote for example and do it securely star focuses protecting enterprises from threats theft of data while enabling them to work the way they want to liberty in cloud leveraging the internet working remote in so on and so our category as making would call. It is something called secure access services edge. It's a redefinition of the market of data security to a new cloud security edge. All right so. Explain that to me without using the your industry buzzwords. Because i think this because i'll i'll let me frames up my perspective on this. I've worked at different companies. Or let's say remote i so or maybe they're even cloud native i so we didn't really depend too much on too much. Enterprise security everyone just kind of logged into public cloud. If they were developers they would have me. Vpn are asa access. So that would get them to their development instances so there's a lot of audience that doesn't quite understand exactly why enterprises needs connectivity. Security solutions like netscape kind of framing for me like what's happening in the marketplace. What's happening with your customers. And why products and services like yours are needed to begin with totally totally so just if you step back. The single biggest market insecurity people spend close to thirty billion dollars a year on. Is this market call data network security and what is that. It's the stuff that you heard of like wham. Gateways firewalls data. Loss systems proxies. They're all boxes Somewhere near network so biggest. market insecurity. the problem. There's problems with that market. The world has moved on meaning one sixty seven percent of people work remote and people don't want to go back and bp another corporate network anymore they want to go straight to the internet straight to cloud and so one. The location of those boxes wrong It's forcing inefficiencies performance problems too much expense and so people are saying. Wait a minute. I don't want these boxes. Mike perimeter. I want this edge in the cloud. Where no matter where i am. I have great fast access to my resources in. I have this security on ramp right that is everywhere in the world and you know with us. Fifty milliseconds away from anybody in the world doesn't matter what country would city and is this virtual clouded so one the change in the way that people are working remote partners accessing things assessing the change in location if your security in this market to the language has changed and so important point every ten years maybe fifteen. The language of the internet changes so reality is remember way back when paolo to networks came out and and they said hey we're going to beat cisco juniper and all these folks and it's because the language internet has changed it's all about application identification. The reality is that that has happened again. Ten years later and now the world and the language and internet is. Api's it's j. It's you that's how applications are built. The internet is built and so as a result all those systems that you spend thirty billion on that. Sit in the wrong location. They don't understand the language. And so i'll give you this great example. Send with his so and she said to me. Hey sanjay Okay is about four years ago. she goes I got these systems. I got these proxies. I got this firewall. In what more do i need. And i said what are they telling you. And she goes water all their bill. You know five or cave data amazon. And i go to her will. What are you gonna do with that. I mean i don't know a quarter of the internet goes goes to actually. I don't know what to do that. And i go well. It speaks the wrong language stickers in sticks his in and i our system tells her actually that guys on slack gonna public channel sending credit card by the way it is fighting. Mccabe data amazon. They're both right and i go. What do you want which one she goes. I want the second one data this point. The language internet changed and so this concept of mexico is put your security where you want in the virtual edge no matter where people work there and speak the language that the internet speaks so you can set in protect your data in a much better way to. That's a short summary for you.
Roblox Valued at $30 Billion
"Roadblocks raises five hundred and twenty million dollars led by ultimate or capital and dragonair investment group so They announced today that they raised their five hundred. Twenty million dollars in a series h a purchase price of forty five dollars per share. If you do the math and all that sort of stuff it values the company at twenty nine point. Five billion dollars. Let's call it thirty right. The i don't know why they priced it. So it's twenty nine point five thirty sound so much pathetic. Let's call it. Thirty billion dollar valuation House spot on where we kind of wish we could sort of You know splice in the conversation. We had honorable extra because not only. Did we say this would happen right. That they would do private round where they've announced that they're going to do a direct thing not an ipo. So this is essentially their ipo fundraise right. That's how it directly thing works you raise the money privately and then you avoid sort of the the raise you do. That's part of the ipo on there for you. Avoid the show you avoid having the price shares and things like that so the has now been priced. It's effectively an ipo. it's not publicly traded. Yet they're gonna do public listing but this is the financing and we called the valuation. Right now i think we said based on unity's valuation. I you know. I think we agree to was probably going to be in this thirty billion dollar bar ballpark and we have longer. It's insane how close they Called it. I'm also surprised at this point. They don't round it up like like i just weird like you could call it a thirty. It's twenty nine point five. You can bow out that up like what who thought that sounded better lake. Like what's half a billion dollars point by. We're joking around. But yeah. I mean this is humongous. It's humongous your particularly william the the quote from the ceo of one of the funds that invested. Because i think this is telling. And maybe you have some thoughts on this it listen to the subtleties in the language here. He says while once viewed as a gaming platform roadblocks has emerged as the definitive global community connecting millions of people through communication entertainment and commerce said. Brad gerstner ceo. Tim under if you didn't know better what would he be describing a social network right. Yes like you don't even have to wait. I was literally like an listening to you. I'm like this. Sounds like facebook like this and most social networks go through that branding period where they get past their initial audience. Right think of facebook. Facebook used to be just for college. Kids right am i mean literally it was supposed to be like this is common knowledge but be supposed to be like the facebook that you've got as a freshman to meet new people right like that's why it's called facebook And now it's now. And i'm sure at the time they were describing themselves as a great platform for college age students to discover each other and forge friendships. And it's the same thing here. They are talking about like they would have said previously were gaming. Now wear something. We've expanded where social platform and that's insane because it. This is first of all what i think. We said. We felt like i think should have done. Ns feels like messaging. That should have come from epic from. This is how they should have been describing fortnight. So it's very it's surprising to see it from rob blocks. it's refreshing because i'm glad somebody has this messaging. Somebody is looking at games as social networks and trying to turn a game into a social network which is really potential right. And i'll see this last like for longtime ever since. I wrote the harvard business school case or co wrote. I should say on world of warcraft. I felt games are social networks. I'm not alone. i mean pretty much. Everybody who's thought about it realizes they're pretty much the same thing Right but it's interesting. To see this. Crossover into an investment thesis with this much money behind. And i think given the success of this. It won't be long before we see other dame's and game companies realize their social networks. Still think it's gone too far right like i was. I'm i've been so pro. Roadblocks right called the valuation called. This move loved the big number here right. it's own good for the industry. There's there's really no downside to any of this right in fact now thirty billion dollars again in kind of the context we're talking in. The context of a social network is a pretty cheap social network. Right when you're talking about the facebook and the twitter like where you're talking valuations in the hundreds of billions This is a pretty cheap social network and so super cheap for the number of users. I'm sure it has in the monetization per user. I bet it's it's bargain-basement steel which is probably part of why they want to calm themselves again. Social networks but like. There's a question of does this go too far right. Where the investor says while once views viewed as a gaming platform as if the daming days are like ancient history when you walk into rox. You're not playing a game right now. Either to be fair. Like i think this is okay like i really think mrs okay. Because like it's fair to say that their social and commerce activity going on and that their primary drivers and i've always been kind of a believer that raw blocks was not and i don't disparage anything here. Blake pound for pound. It's not the best game out there right. I'm sure there are many young kids and fans. That would just be with me. But i think fundamentally the reason why it's been successful is a game is not that the underlying game or game mechanics itself for so incredible or so unique Was because it was a social and ecommerce platform hooked into a game and the game was fun to play because of the socialization features in the commerce hawks. So you don't think language goes too far. I don't think it does in this case. No no like. I and i'll put it this way like if fortnight were describing itself that way without some major changes. I'd say i appreciate the aspiration but that's reaching right now but it's really does have other hooks in it. You know it really does right. So i i mean it's death. Look it's definitely like definitely you know a vanguard language right like it's somebody trying to change perception of the business but as long as the strategy meets the attempt to change perception. I think it's good for them. You know what. Let me let me push this one step further because the article ends with you know. Typical of a press release about blacks about altimeter capital right. There's always like the about sections for the the companies mentioned in the press release. Right and roadblocks. Let me just read the first sentence again. It's like there's a question mark here is this to have we gone too far right and the and the sentence here is roadblocks mission is to build a human co experience platform that enables shared experiences among billions of users so no game gaming in that sense but experience twice human once shared once billions once. You know it's a lot of good word into a lot of good words. No i mean. Look i mean. Clearly clearly it will remain to be seen whether or not their messaging this way to get a great valuation or if they're messing this way because they generally believe the platform can grow into that mission right. I feel like borderline disingenuous in the messaging. I like i said i'm the biggest fan of roadblocks. I love what they're doing. I think they've achieved and probably will achieve what fortnight should have in terms of growing outside of being a game. It's just like when you don't even mention it at all. I would like. I would like somebody who say like most users download custom levels and it would be like reading. A tesla press release and the word car is not used or automobile. Like is why don't they read that way anyway. Toby start with. Tesla is the future of human transportation or something. But i actually really don't know. But i mean i agree but like i mean the end of the day like i'd rather i. I think it's great for gaming e sports. Because i know sometimes we got a little bit of criticized for doing gaming news on east but the reality is this is so core to what's happening in interact entertainment like we can't discuss this right so it's the first then. The second piece is like okay. So you know i get that flake i get. This might be reach. And i think probably internally they're going to say it's a reach but i again i appreciate the fact that the market is recognizing that games can be more than games right. The games can be a bridge into something and fundamentally what games are about like interactive worlds. Can be a lot more than just half life in street fighter. Rife and i think whether or not they execute this change so fully as to earn that mission. I think it's going to make it easier for the next business to message. We're gonna see more businesses messaging mess name as a result will see the games media mature into more
Tom Livne CEO of Verbit on Automated Transcription
"Know i always wrote to explain by you know okay. We are now on this podcast. Right with a lot of verbal information in your one hundred eighty plus episodes. I if we and we do recording this session. Let's assume we wanna get the professional trump's of it. But why do i mean by professional translate. I mean verbatim. Transcript one hundred percent accurate ward by ward. And you can. He might terrible israeli accent ride so is really difficult for the i in speech recognition engines out there to take everything one hundred percent correctly right. So if we're thinking about professional ashtros caption the way it's been done today. Fully many many many moms and pops the transcription fully manual listening to intact. Scratch grant limited capacity scale low rush margins in koo sticker successor and as mentioned the speech recognition technology is not their riches to a five percent perhaps even sometimes a bit more than that but usually eighty eighty five and there are some use cases that this level of accuracy is not good enough and we are very we are technological description former always like insane only three words what we're doing and we have a really interesting unique approach of hybrid model of the speech recognition that we are developing and building in house with at marketplace in community of twenty two thousand freelancers from all around the globe the take automated Of our ai mega correction where needed in order. To bring it to the you know the the one hundred percent or the ninety nine point nine percent accuracy and every time that making the corrections is supervised learning through the speech. Engine that's better and better over time. This is really high level in in the the use cases of professional prescription is really really brought. So he has made the market at thirty billion dollar addressable market and and they can give you some example of the use cases that we we are focusing so you have education in legal. Those are the two major use cases. Did we of today so education. There's regulation of ada america's ability that forced all universities to make the content searchable accessible with hearing problem right. Now we've covered everything shift to to distance learning remote learning rydin and based on this law every content that had been uploaded to web need to be transcribed and we as today. We have more than five hundred. Enterprise customers Harvard stanford researcher. Except that we are serving to do the the professional transcript. Put them and then delete vertical. It's many around deposition transcript so you know if you are a law firm and you you wanna get. The position usually give cold to the reporting agencies that while they're doing their in facilitating the Vanden and scheduling it with all the parties involved. The witnesses the lawyers except for our pre covid. They give physical place to the position. Now everything's been done resumed than the record. The session ending the trance. Game of those position we had their partner to help them. With those professional at the positions. Those are only two use cases that many many other such media healthcare finance and the list goes on and on grading this huge opportunity. Thirty billion addressable market is really kind of legacy market so we are innovating And kind of disrupting this
Nvidia Crushed Earnings Estimates. Its Stock Is Slipping
"It was another big quarter for invidia. Third quarter profits and revenue both higher than expected for the chipmaker shares. Down a little bit today though. I'm assuming it is around the guidance. They gave on their data center division. Which to be fair they came out and said yeah. This number's going down. I always caution people not to spend too much time worrying about what happens right around earnings with companies and i think in twenty twenty and we've gotten the exact wrong lesson whenever companies beat by just a little bit. Their stock goes up twenty percent whenever they lose by a little bit. Their stock goes down twenty percent. That's actually weird. That's actually weird. It doesn't usually work that way. You're exactly right. That generally speaking stocks are driven by guidance. So now they've reported those earnings those are in the bag but invidious stock has gone up by two hundred and thirty billion dollars market cap this year. Two hundred and thirty billion. So what happened on this day is is is is really nothing there. Crushing it on certain fronts. Their chips are in the twitch by nintendo which sold seven million units last. You know they're they're absolutely doing great. So the earnings report was fabulous. The stock doing. There's probably the stock was ahead of itself and that's all you need to know.
S&P 500 adds Tesla, sending stock price soaring
"Tusla's joining the s. and p. Five hundred on monday december twenty first based on yesterday's closing price that would make it one of the top ten companies in that index and with the after hours move the market cap is about four hundred and thirty billion dollars makes it the eighth biggest and in striking distance companies like walmart and visa now because of the large size of the addition. The dow jones indices is seeking feedback from the investment community on. How exactly to do this. Determine whether tusla should be added all at once or in two separate trenches the decision about which company tessa will replace. will be made at a later date and the gain in the stock would make elon. Musk the world Richest person passing mark zuckerberg and. There's so many interesting angles to this. The i was just trying to figure out it used to be. We'd like the i megan's and the press techy ins and the The ins and they were all along. They were really obnoxious. Vocal people that own the stock. And if you said anything they get mad. Tesla the musketeers. Whatever you wanna call them. They started out like that but then they were replaced on the total obnoxious side by the people that are short this stock santoli and there still. Are they still short. This stock the tests lacquers and think it so mad and they got all these charts. And you're gonna be wrong. You're going to be wrong. And it gets so animated in. We're such you know we're just do pt. Reporters report on tesla. And let all this. When do they throw in the town. Is that when we say they largely have. This is not nearly as heavily shorted stock because it was. I mean just the rise in the in the shares of basically taking care of of a lot of that but it's fascinating because the exact reason that so many people were short all the fundamental Challenges the valuation that. You really have to stretch to computer based on what the company is worth today. In terms of the financials that's also what probably kept it. Out of the snp to this point which is just a lack of of predictable consistent profitability and this idea that it was inflated beyond its its economic footprint so all that stuff is fascinating right now and the fact that s and p look three months ago they took a pass on it. Who knows exactly why but it seems like they wanted the fever to break in the stock a little bit by that point to stop going from two seventy five to five hundred three weeks and so it sort of has flattened out and and maybe digested some of that and it just becoming too hard to mechanical a four hundred billion dollar company out of the index. So it's it's pretty fascinating. I
"thirty billion dollars" Discussed on AM 970 The Answer
"Thirty billion dollars is available to help compensate victims and their families if you or a member of your family been diagnosed with mesothelioma you may be able to receive some of this money without ever going to court or filing a lawsuit get a free legal review today call Sokolov law at one eight hundred nine nine three twenty four thirty that's one eight hundred nine nine three twenty four thirty Sokolov law at one eight hundred nine nine three twenty four thirty one eight hundred nine nine three twenty four thirty gold it's shoring are you missing it if you have an IRA or for one K. you probably are less than one percent hold physical gold we've been told by Wall Street for crazy people really what's crazy about an asset the beat stocks two to one I'm Adam berada national bestselling author of the book gold is a better way owner of advantage golden Inc five thousand member and highest rated gold IRA firm in the world gold is booming because gold is really about debts and global debt is a pandemic if you've an IRA or four oh one K. I'll give you my book for free that's right free text gold to four nine seven seven six that's the word goal to four nine seven seven six learn why gold will outperform pumped up stocks from this point forward turn your IRA into wealth growth machine text the word gold to four nine seven seven six it's time to stop being crazy text gold to four nine seven seven six this is Sebastian Gorka if you are like me you are sick of the stay at home orders the restricted all movement restricted unemployment and forced us to stay cooped up at home I have a suggestion sign up now for a trip of a lifetime it's not until December so by then things will likely be back to normal I am taking as many listeners like can on the stand with Israel trip and have my friend and entrepreneur Mike Lindell of MyPillow coming with us and I know what will happen as soon as you sign up you'll have something really special to look forward to what better way to celebrate the lifting of these restrictions than to get out and see the holy land with me I'm Mike Lindell if something happens and you can go there's still plenty of time for you to cancel but you won't want to that's right between now and August fourteenth there's no penalty if you sign up and need to.
"thirty billion dollars" Discussed on KTAR 92.3FM
"Thirty billion dollars in the fourth quarter New York City congresswoman Alexandria Castiel Cortez now has a fifth primary challenger and the Michigan dog credited with saving lives that story in about twenty minutes optimism about the U. S. economy the doors increasingly tough structural challenges and creeping decadence in the thinking of policy makers and the economics profession so says Peter Mauricie economists and business professor at the university of Maryland he raises the question is there the possibility of a recession this year Peter your take well my feeling is the economy came into two thousand twenty on a solid footing but not as exceptional as the trump administration budget would like us to believe we're going to grow you know a little better than two percent but then along came Boeing and now we have coronavirus both of those are going to be a hit on first here GDP whether it's in the first quarter of the second quarter a combination of the two you can think of between them it's gonna slice you know up to a point of the GDP in the first half of the year we're going to grow at less than two percent now that's not a lot and when you start growing below two percent you get into the world where you know almost anything can knock you off the rail because after all some sectors are always growing you know like healthcare but you know if you look at automobiles they're not selling any more cars these days and so it wouldn't take much to to put the car business into a downward cycle why is all this going on well you know Europe remains in a funk I mean the European central bank is dilution of negative interest rates on a stimulus to work European economy would look a lot more stimulated their problems over there are fundamentally structural you know and not really applicant you know really not not amenable to monetary policies like the auto sector in Germany over here you know we have slow population growth globally not enough demand because people are saving a lot more as the H. back up for just a second what is coronavirus have to do with the U. S. GDP why change think of apple they make most of the phones for this market for every market in in China and right now the factor shot how long will that go on and then you reference to the automobile industry and the restaurant industry as possibly slipping into their own recessions the automobile industry has been sort of stopped at around seventy million units a year and what cars are lasting longer war card up they basically have been making more they they had been making more profits by selling us more expensive vehicles and getting people to take out very long loans because a lot of people really can't afford those cars for sale for five year alone the sort of run the string on that and now with the slow down because of Boeing and at the the the virus and so forth it would be very easy for them to slip down up fourteen million units a year and at that point that that starts to try that industry into a recession when your playoffs and things like that speak with Peter Morrissey economists and business professor at the university of Maryland he's written opinion piece in The Washington Times titled although optimism about the economy abounds don't rule out an election year recession use it to the Chinese economy right now is struggling with more than just corona virus right what's wrong with it well this is a lot of debt it's an export oriented economy and it's run out of export markets I mean Europe is very important to them we were even more important and with our kind of with their with Europe growing at one percent in US growing at less than two percent even if there had not been a trade war Hey it's so to reach the wall it's very much what happened to Japan if you succeed by taking advantage of your trading partners no not taking their imports is subsidizing your exports eventually if you big like China you have such a deleterious effect on their growth but your market goes away it a lot away the Chinese have been dependent on this big pond called free trade at the been taking more water out of it and they've been putting in and now the pond is growing dry tools from the U. S. fad that might be able to help if it senses trouble well I don't think there's a lot you know we we we saw a quantitative easing can do we can stabilize the situation there really can't turn it around we can't lower interest rates much more we've learned in Europe that negative interest rates so make sense my feeling is that that's going to have to have new tools for example helicopter money instead of basically what the fed does in a jam is it print's money puts it on the books of banks and try to get the bank to loan it out but the bank turning points to make those homes and people are inclined to do the boring also we live in an era when businesses are much less dependent on bank capital Peter Peter Mauricie economists and business professor at the university of Maryland twenty minutes now in front of the hour.
"thirty billion dollars" Discussed on KOMO
"Nearly thirty billion dollars in their dance network visit T. mobile for business dot com our next couple traffic at nine thirty four take a look at the forecast mostly cloudy today rain likely later on this afternoon look for highs around fifty degrees tonight rain likely in the evening lows in the forties rain again on Saturday but then the sun returns Sunday afternoon around the sound and we've got some fog down in the south and it looks like to come and JBL them both in foggy conditions forty three their average cloudy in forty seven clouds in forty six now in downtown Seattle come on news time nine twenty five researchers have long had a hard time explaining a twenty year upward trend in head and neck injuries now the journal of the American medical association says it's not a coincidence couples manta factor spoke with ABC Jim Ryan took a closer look at this the targeted one hundred hospitals and ask them for their statistics on head and neck injuries and what they learned from the patients as they came into the emergency room and learned that in so many of these cases it related to cell phone usage people having accidents and you know you've probably seen on you to see the videos of walking into walls or walking the windows one moment even walking into a manhole cover well the woman was seriously hurt there wasn't a man in California who walked off a cliff and was killed while looking down at his phone so yeah I mean on the one side that seeks light hearted it's cut humorous but the other hand it's costing a lot of people time at work costing them money and in terms of medical expenses so that this is the problem over that period that twenty year period in those one hundred hospitals that were twenty five hundred order the injuries as a routine result of cell phone if you extrapolate that across the whole country in every hospital the number stand closer to an estimated seventy six thousand men do this cover less serious injuries just like neck pain from looking down at your phone too much well yes and and that figures into the into the statistics as well consider that that the the human head way you so ten to twelve house you tilt your head toward forty five degrees that's a very common you position while you're looking at your phone texting looking emails you're adding fifty pounds of stress to your neck elder Ford sixty degrees and you're putting sixty pounds of stress on your neck so you can see that the that there that would that's gonna cause some neck injury shoulder pain and so many of the people who were doing that of course are younger people their bodies are still developing their spines are developing they're setting themselves up for potential health problems down the road can we expect to see a new PSA campaign on this find out of it yes you do looking straight at that that we advise your put nothing down for a while you don't.
"thirty billion dollars" Discussed on Bloomberg Radio New York
"Q. U. A. W. K. and that's a Bloomberg business slash John and Paul thank you thank you very much to live for the Bloomberg interactive brokers studios here in New York City water away kit is paying for credit issuance you'll headline V. with thirty billion dollars worth of debt and on the week we have set for the second biggest week of issuance an investment grade credit markets in the United States in the year so far wrapping up all the numbers for us some places side joining us here in New York City Glinda corporate finance reporter Molly Smith good money to Molly what a week we fat we have and it's not just investment grade it's high yield to it's the busiest week in two months in the high yield market and I think a lot of this goes to show that I use for its just comes into all in borrowing costs at the end of the day of course and that you can say all that you want of like companies have too much debt leverage is so high that when it's so cheap like you kind of have to look at a corporate treasurer the CFO and say why not can we talk about every thirty billion dollars worth just how well did that price how big was that order but what your thoughts on that particular issue so when we see these amity deals come now they're so well telegraph that everyone and their moms knows this is coming so we've been ready for Abby since last week and the orders definitely definitely reflected that and the price talk as well so I think a lot of us were thinking that the price talk at the onset was pretty tight actually and I would say the order broke fairly reflected that we saw that it was bad two and a half times oversubscribed which seems pretty good right seventy seven billion dollars of orders a thirty billion dollar offering but we've seen some of these go way way higher usually when the price talk comes with a lot that more of a premium to investors I think this one was well telegraph from the beginning and that's what you did see the book blow up the way you see some of the other ones do is find the stuff so this is I mean I didn't pretty widely bought at all when you see a huge issue is like this there's so much pressure for the investment community to own it especially if you're an index fire that this is going to make up however much percent of your benchmark now and if you're not in it I mean you're really missing out so you have to be in on these orders somewhat counterintuitive the people outside of the market is in it the one of biggest would like this comes through the mall they issue typically the most amount will get Molly yes definitely and it especially helps as well that this is a very high quality is sure and also a merger that makes sense to a lot of people when we see a lot of these acquisition financing a lot of people will roll their eyes and be like you know this is combination really makes sense should this one company be buying another are these expected synergies and cost cuts really going to be realized there's kind there could be a lot of doubt but I think on this one you know I saw a lot of the people in the investor community in the rating side as well there's a lot of confidence that this is a really good tie up for Abby and Allegan that it makes sense for both of them if you've ever heard me on the TV open that ready I talk about the triple basin break down a lot of numbers I still those numbers from you do some fantastic work in the last couple years talking about how big that particular at the market has become twenty nineteen was an interesting year for much of the year because many people turned around and said at least the wanted the market turned around and said you know what let's not worry head they'll get this sorted that address it we started to talk about what kind of a securities cold dat diet what happened to the dead die and the backup for this year so it's a little mixed as the main companies that needed to go on this that diet have the biggest issuers in the index the ones I've taken on the most amount of that in the last several years the exactly AT and T. impact for rise and CVS all these ones they're doing it they're absolutely cutting their debt levels getting leverage down being incredibly communicative of that and a lot of that also coming because shareholders of all people are asking these companies to cut their debt levels so nice rare time when shareholder Bon interests are aligned to never see this happen the bondholders love it but but the thing is is that while these guys are kind of the bell weathers for the whole index because they are just so huge the index at a larger level leverages so broadly unchanged from a year ago and that's when we look at well yes we are still seeing all this issue it's because rates are still so low and why not keep issuing that why not keep refinancing so you mention the high yield market in another big strong week here so investors in that market I guess the pretty constructive on the economy because if if we do see an economy rollover next year those are the kinds of companies that are gonna be impacted first higher leverage less room right well that's why we've definitely seen in up in quality trade in high yield for sure and that double piece that's the highest ratings tear in high yield has been so rich and a lot of people would say it's just very over priced right now a really crowded trades so that's getting a little bit tight right now and I think you see more people looking for value in single these which is that next ratings here down you see fewer people are going for triple sees that the lowest ratings bucket in high yield but as we were just talking about we were speaking with Colin Robertson of northern trust this week and he's saying look if you think the economy so that room to run which he does this is a great time to buy triple sees that the weakest credits should be boosted by an economy that still running he's had some pretty concerning because of the last couple years remember came on one of the programs with may maybe about eighteen months ago and said one fifty U. S. ten year in and around three percent of the time and we can tell that one fifty so I want to have a critical turns out I might try to catch up with the great work has always always making a so small say it rippling buckling the corporate finance reporter Molly Smith that police talk about a market shower yeah the teflon S. S. and P. five hundred exactly as a P. up eight points Dow futures up eighty five nasdaq up thirty two points a looks like a the future here pointing to a strong end to the weekend nother up week for equity markets in the ten year treasury yeah but for for thirty seconds pushing the yield up to one eighty three compare that to the two.
"thirty billion dollars" Discussed on NewsRadio KFBK
"Spends thirty billion dollars a year on marketing boy the soccer news this week has been coming fast and furious we had the obviously we learned that we're gonna get a Major League Soccer team the new stadium is going to start being built is going to be a big party on Monday that's when the announcement is now there's word this morning that we may get a women's professional team here as well bring in Alex Tasker right now he is with the tower bridge battalion he is one of the most devoted soccer fans in the region he's also a producer here at KFBK Alex first of all congratulations to you and the fans you been hanging in there for a long long time long over due for the best soccer fans in the nation yeah so first of all let's talk about this the new element this morning on women's team how interesting is this what what do you know about this well I know that would they would be expanding to nine teams now the NWSL there seems in Portland and other markets with this currently MLS teams this would be the first instance where the women's he would come before the MLS team well in the market so that's kind of interesting and and you know our women's national team that has dominated in the World Cup this is where those stars kind of shine in their own right so we could see some of the Alex Morgan's are the Carli Lloyd so I will this is not a done deal there are steps that have to be take there are still a few steps come hurdles to clear parent Lee like they're in advanced talks yeah talk about the feeling among the Terebra each battalion right now so the official statement is we share the great excitement and anticipation of what's to come and that their playoff start next week for our current USL slide Sacramento Republic FC hash tag almost Los Robles so what's the unofficial word though half super happy long time coming it was three and a half years ago Garber was downtown we have the rally and he said it's not if but when and that kind of been the resonating statement as other teams like Cincinnati in Minnesota and Atlanta and there's a list go as long as you saw those cities being ticked off and getting teams did your frustration grow well you said it right ticked off yeah as we're trying to think is ever going to happen yeah at this point are we just are we just fodder for other teams like all will if you don't get your act together sacrament is gonna get and using us soon but now that it's you know the big announcement on Monday this is going to be you know great so great celebration for the city of Sacramento it's gonna be a great celebration in Major League Soccer and I think that the city is just really not thrive with another professional second as are a professional team but in another major league franchise you know and we we we should point out that a lot of credit goes to fans like Alex Warren Smith is a man who had a vision for this team a long time ago he's no longer part of the organization without people like Warren without people like you and on all of your colleagues this may not have happened New York saw how much energy there was in this market place and it's one of the huge reasons why it's happening absolutely any bring up warrants with guys like Joe Wagner Justin to blog Kelsey price people have been there since day one of really just put as they have their shirts blood sweat and tears into the steam fans as well and it's going to be great I I think this is a great thing for the city of Sacramento for second Republic of see Alex thank you congratulations well it's great I love that name blood sweat and tears right I almost expected out to have the face painting this morning on the tattoo this public tax do is there wrong I'd also like to see.
"thirty billion dollars" Discussed on WGN Radio
"He. sh in fiction okay action. but to fit the fiction. Dave I'm gonna say that is fiction. yeah. yeah yes fact fact yes Dave I say fiction. I seen either. you have to pick I think it's a fact. it is a fact it is not even close of the U. S. makes nine hundred and seventy four million dollars in paper money monopoly makes thirty billion dollars in paper this is amazing that they the United state I mean obviously the money in circulation stays in circulation until it doesn't but the fact that we only make a little under a billion new dollars a year half didn't seem like a lot yeah just isn't it still stays in circulation for songs totally random but once I did see a show talking about counterfeiters that did it by hand and it passed they were able to pass off the dollars and he did it by hand well but with the only have to do is make your orange one a yellow one no this was a monopoly kind of. so they have a different Parker brother for each color. Michael yells coming up Michael yo is that goes to the insider and CBS got a project coming up and stock up in Kevin Polish coming up Kevin and they will try to get me off the ledge with the bears no I don't think that's possible well we'll find out all right but first Dave Chicago stories told twenty four seven on seven twenty WGN Chicago smart speaker users just say play WGN radio on tune in the news sponsored by town stone financial here stickers and it gave thanks good morning everyone it's sixty eight degrees in Chicago on our way maybe to seventy four today a new study shows more than sixteen thousand Chicago public school students did not have a permanent place to live during the last school year they were homeless WGN's Pam Jones reports a study released yesterday by the Chicago coalition for the homeless shows many homeless students stayed in shelters motels or even cars during the twenty eighteen twenty nineteen school year members of the coalition are pushing for a one point two percent increase in the real estate transfer tax to generate funds to reduce homelessness it would apply to properties worth more than a million dollars advocates say could raise about one hundred fifty million dollars that could be used to address the situation Pam Jones WGN news page county judge is expected today to rule on whether a controversy all medical sterilization plant in Willowbrook can re open storage annex was shut down by the EPA in February after testing showed the facility with releasing the cancer causing chemical ethylene oxide into the air as a result more than thirty lawsuits have been filed against the company after menacing the coast of.
"thirty billion dollars" Discussed on AM 1350 WEZS
"Some of the some of California's most recent fires and there's a new plan to help pay for the damage as when utility struggles through bankruptcy a new California wildfire fun splits a twenty one billion dollar pot between the utilities and our customers companies like Pacific gas and electric or P. Jeannie have agreed to pay in and they can use the fund one insurance can't cover the cost of all the damages but repairs are kicking in the other half over ten billion dollars credit agencies were threatening to downgrade the utilities if they didn't participate in the S. P. genies looking at about thirty billion dollars in liabilities for several fires their equipment started including last year's campfire which killed eighty five people in the town of paradise and destroyed over eighteen thousand homes and other buildings Jessica Rosenthal fox news an autopsy will determine if a body found in Montana is that of a missing two year old Oregon boy eight in South eagles parents died in an apparent murder suicide last week the child's body was found in the same area where the couple was seen several days earlier someone is caught using fake identification with a famous actors face to buy marijuana in Canada the marijuana news website the growth top says an online buyer presented phony ID that had the face of an actor who played one of the famous Marvel comic heroes on screen I am for some of the driver's license image looks like actor Chris Hemsworth who played Thor also add some other silly sounding giveaways like the person's name listed as the war thunder Odin St who lives at six nine big hammer lane and the fake ID also expired listed is may twenty second twenty seventeen I'm running out of things to say while the identification was a real it is legal to buy marijuana over the internet in Canada can Duffy fox news The Lion King is still the king at the box office the film earning another seventy five million dollars to finish.
"thirty billion dollars" Discussed on 860AM The Answer
"Thirty billion dollars in court order trust has been set aside to pay money to his bestest victims. If you or loved one has been diagnosed with Fiona, call now you may be able to receive compensation without ever going to court or filing a lawsuit call for a free legal counsel tation at one eight hundred seven three zero sixty one hundred that's one eight hundred seven three zero sixty one hundred one eight hundred seven three zero sixty one hundred. Did. This is Michael horn with your Health Minute, joining us, now, Dr Jill ohare. She's a professor of medicine at Wake Forest university in Winston Salem, North Carolina Jill is here to talk about chronic obstructive, pulmonary disease, or COPD it symptoms. And how to talk to your doctor about finding the right treatment if you have COPD chronic obstructive, pulmonary disease, and it's characterized by shortness of breath cough with Nukus production and we treated with her group of drugs called Bronco dialers these open up the Airways, and generally most of those Bronco dilates are administered through an inhaler device, and there are a variety of inhaler devices. Vetere vailable. That's why it's so important for patients to talk to their doctors, working we go. For more information. PD dot com. That's treating my COPD dot com. Look beneath your office, chair and tell me what you see, it's probably a cheap cracked discolored plastic mat that you got an office superstore. When I look down. However, I see a crystal clear view of my beautiful hardwood floor. That's because I have a glass, office chair, Matt, less trust, the only person who loves my vitrolic last chair more than I do with my wife. She says, it's revitalize the entire room. These beautiful classic chair mats come in twelve standard sizes, though, custom sizes are also available and they are.
"thirty billion dollars" Discussed on WTVN
"Thanks for taking my call them. A big fan of the show. Thank you. I appreciate your calling in how can I help? So the company, I worked for is terminating our pension plan, and they're transferring it to big insurance company that due to this transfer. They're giving us employees Pieper tune ity to take our pensions, while we're still implode. Either as more monthly payments or combinations of. We also have the option to leave it alone with the insurance company, and take it normally would when we retire. I've been there wasn't thirty years, but I don't plan on retiring for another nine years, or so my question is, what things do I need to consider when making my decision about what to do? You've been with us employer for thirty years, and for that whole time, they promised you that if you spent your career with them upon retirement, you would receive a monthly income for as long as you live and away. And depending on the way you structure, it potentially even for as long as you or your spouse lives, and that promise has been broken today, very few private employers offer pension programs in twenty eighteen according to Mercer US companies transferred thirty billion dollars worth of pension obligations to ensure. Companies that's up from twenty three billion that they did in two thousand seventeen and it's projected that here in twenty nineteen the number will be yet, even higher. Why are companies doing this? It's real simple. They're discovering that they severely underestimated the cost of providing the pension benefit to employee's back when they gave you the benefit way back thirty years ago. They thought that only a small portion of their workers would stay long enough to get the full pension benefit, and they assume that, that small portion of the workforce would die soon after retiring, because they only have to pay the benefits for as long as you're alive, when you're live benefit stops, it never occurred to them. That so many of their workers would literally take them up on the offer and spend their whole careers with that employer. Retiring with full pension benefits and then having the audacity to not die. And they're now discovering that they are on the hook for massive amounts of money that they hadn't planned for and it gets even worse when they figured out. They sat in the boardroom with actuarial scientists and insurance consultants and accounting specialists. And they said, how much money do we need to contribute to the plan in order for the plan to be able to pay the benefits? We've promised that was one number that everyone had to pay attention to the investment rate of return that the plan would earn. In other words, if they've promised you one hundred bucks in ten years, they don't have to put in the hundred bucks today into the plan they put in fifty bucks, and let the fifty bucks, get invested doubling value in ten years, two hundred bucks. They need. So the rate of return became really important and that became the additional achilles heel most pension. Programs. Over estimated the rate of return, their plan would earn and therefore they didn't contribute enough money to meet the goal. So not only do they have too many workers living too long. They have a pension plan. That's earning too little all of this is conspiring to creating a massive pension shortfall for tens of thousands of pension plans all around the country. In fact, the average pension plan is underfunded in this nation, only one quarter of the nation's pension plans are fully funded according to Goldman Sachs. And so this is a crisis. How do they get out of the crisis? They sell the plan. They take the assets and they give them to an insurance company and the insurance company now has the burden of providing you the pension benefit that the employer used to have the burden of doing. But here's the trick because you might be saying yourself. Well, what do I care whether the pension benefit is promised to me by employer or by my insurance company? What does it matter either way on being promised the benefit? Here's the difference. With your employer. It was a legal obligation to provide you the benefit as promised, and if you're employing failed to make good you could sue the employer forcing them to pay. And if the employer didn't have the money and went into bankruptcy, you had the protection benefit of the PBGC, the pension benefit guarantee, corp- PBGC is depends. What FDIC is banks? So you had this government program to backstop, you in case, the employer went bankrupt. But when you move the pension plan to an insurance company, they're putting the money into an annuity product. And the guarantee is only as strong as the newly in other words, they no longer have to promise that they're going to pay you the pension benefit that you were honored at the employer. They're going to pay you whatever they can get. And whatever you get is all you get. There's no PG protection. Behind you. And so the shift of this responsibility is massive, and it raises the question that you asked just now Robert is, what do I do? Do I let my employer? Take my account and move it to the insurance company. Or do I take the lump sum and if so what do I do? Then it's kind of the question, right? Exactly. And it's a pretty important question because you only get one chance to make it once you tell the employer what to do. It's an irrevocable decision and that's thinks, you know, having to make a decision that you gotta get right? The first time you do it because there are no do overs with massive financial implications on your financial security. This is this is not a fun thing to have to contemplate, and yet millions of American workers are funding themselves with this very situation. So here's how we tackle the problem. We do a lot of financial analysis on your behalf. We encounter the situation very frequently on behalf of lots of clients, and we do a set of math. We take a look at the three options that you have available. One is to leave the money where it is, which is not often an option. But sometimes it is related to that is taking the pension benefit immediately under the current plan with the current employer. Second moving the money over to the annuity company to the insurer and evaluating what the return would be there and third taking a lump sum out of the pension leading the employer. Right. You check. Moving that money to an IRA letting it grow until you reach retirement and nine years. And then generating income from there for the rest of your life. The good news is this is just arithmetic. There isn't a lot of guesswork about it. We have to make certain assumptions, of course about inflation rates, life expectancies investment returns. But we know what the assumptions are. We know how to evaluate them. We know how to move the levers in conjunction with each other, and we can show you our analysis that helps you determine which of these options is best, or sometimes which of these options is least evil. Okay. And so there's no shortcut answer that I can take to you because it really depends on your age your marital status, the health of you and your spouse, when you plan to retire what other sources of income you have how much money you need to spend on an annual basis. And so on for us to determine should you take the money now she do it as a monthly income, or a lump sum income should defer, it and social, defer it with the employer with the insurance company or in your own IRA? We need to do this evaluation, and there's really no shortcut to get around it. The only thing I would say having been doing this as a financial adviser for thirty three plus years, do not try to do this at home. You've never done these kinds of calculations before the urgency, the crucial element of getting it right. Can't be overstated and you'd be far better off to rely on someone who has the experience and expertise to help guide you through it. And so, I would encourage you to let us do this with you. You live in north jersey, we've got office not far from you in short hills. I would encourage you to let us spend a couple of hours with you and figure this out for you. Appreciate the answer. I didn't think it was going to be an easy answer. No, but the good news is you are framing correctly. You know exactly what the issue is, and that is the key. I step the fact that you understand the issue that you're facing will go very far, and helping you effectively evaluate the course of action that's best for you. So happy to help you do it. I hope you'll give us that opportunity. Thank you, Rick. Appreciate it. You're very welcome. I'm gonna put you on hold their second Robert. And if we can do for you what we've done for thousands of folks, just like you, you can do it. Robert did and give us a call at triple.
"thirty billion dollars" Discussed on 790 KABC
"Yeah. This is basically going around and saying radical things and also apologizing for being white. So he gets it Joe Biden hasn't yet done enough apology for being white beta, however is going to apologize for being white because he understands that. If you are intersection woke enough, maybe you're able to thread that needle as straightway guy who grew up in enormous privilege. Here's beta saying, I am a privileged white guy vote for me anyway as white man in this country. There are a set of circumstances that are different than they are for women. Many are for for people of color. We won't become the country that were supposed to be we won't fulfill our promise until opportunity assurance equally regardless of differences gender of race of country, national origin of how long your family's been here or whether your family just got here yesterday. That's that's the promise of of America. He's such a doofus. Sorry, dude is such a doofus spits out platitude after planet. He's a platitude machine who likes to jump up on lunch counters is what he's been doing. He's been going around the country and every time he's he's a counter he jumps on it. I don't know why he watched dead poet's society got inspired. It makes them look like a man of the people to jump up on that lunch counter. But there he is explaining that, he's a white guy. And as a white guy he recognizes privilege now making president, which is a hell of a pitch. It also suggests that we don't need any walls, no walls at all. The time for walls is over. He says this from presumably atop son lunch counter somewhere. Because that's the only thing he'll speak on. Any walls thirty billion dollars two thousand miles long thirty feet high that will not be built.
"thirty billion dollars" Discussed on Xtra Sports Radio 1300 AM
"Aw, we have player movement. That has already been announced we have player movement. That is being speculated a pod. It is a frenzy in the NFL and as expected the raiders get their guy Antonio Brown frozen. Thirty billion dollars guaranteed. Blue didn't give up a whole lot of draft equity in the process, and we get to see a little bit more John gruden's playing good for good for a be good for the raiders look the Pittsburgh Steelers needed to subtract Antonio Brown from their roster their locker room and from the chaos that was starting to go for that organization. So it was a good move for them as well. Even though it doesn't feel like it. Because. Only got back a third and a fifth round draft pick with again, we'll see what that third and fifth round draft pick turns into but the bigger story is the raiders who it seemed like up until a couple of hours or a couple of days ago weren't really in the mix anymore, but Mike may I got the go-ahead from whoever gives the go-ahead Jon Gruden xactly to make to get the deal done with Antonio Brown, and they aggressively did it. It's funny listening to do Rosenhaus Tuesday by Meg Scott like gangster. With his with his negotiating the deal. This is what we're going to do. We're going to get it done. And they got it done and looking worse for everybody. If it's if it's if it turns out, he's a problem child in the in Oakland like he was to an extent in Pittsburgh. And then they just caught him after two years. And it's not that big of a deal at work. It just deal works for everybody. Which is rare in the National Football League. Listen, I don't know how good Mike Mayock is ultimately going to be his job. I did like the higher. What he's brought in. You'd I spoke about that a lot it's been around the wrath forever. He projects for younger than he actually. We were surprised what does he sixty waters? Yeah. To he'd looks much younger. He was a contemporary by. He played right for a half. Boston college. For a little bit bounced around. Didn't didn't get a hold of? But still he played one more down than I did about saying. I don't know how gangster he is. He's throwing out money because today they throw out you like sixty six. Yes. Sixty six billion dollars for Trent Brown as the raiders throw. Another little little check in their college, Trent Brown, offensive tackle, an absolute monster resigned. Six eight three thirty protected Brady, obviously when the pats let Nate sold their goal to the giants last year for sixty two million dollars. This now represents the largest free agent deal for an offensive lineman history. So between Antonio Brown between Trent Brown is. He or is it just throwing drugs say. I could do that may come on. I didn't I didn't look at six million dollars into the details about the Trent Brown deal. Hell is it short is short deal is sixty six tackles. So it's twenty five years by the to tackle in his young. That's hard to go wrong with. And there's no there's no question marks. Right. So that's actually, it's a genius. You get it done. You get someone to protect your quarterback. Derek Carr and ensure up the office of line, which is obviously a big part of any of any offense. Even though we don't talk about it as much as we do the skill position players. But the big one to me is Antonio Brown because it's not it's easy. Actually, right. They had an easy deal that they could put on the table for him and give him what he wants over two years. And if he doesn't pan out the way that they want him to because he's crazy. And then they just get rid of them. I think this works. I think it really does work, and we go back BT would when. Jon Gruden I let Khalil Mack go. We all looked at him. Like, he was crazy. And then later on the season he trades Amari Cooper to the Dallas Cowboys for first round pick. But one of many that they had they now have and we looked at him again. Like, he was crazy. What's he doing? He's gonna truly strip. This thing down. I don't think in the NFL you can afford this truly stripped down and start over it just takes too long to come back. And so I think he did. It depends how you do with teak. And there's ways to do it. Here's here's the problem with stripping down. All the way, you if you stripped down completely like to the bones. The no free agents are gonna come there. Right. And they don't want to be a part of that. And and let's be Frank the raiders were that team forever. Yup. Go get an old age veteran. That's the only place that they can play the, you know, go get paid for a little bit and whatever and finish finish your career make a couple few extra million dollars. And that's what that's what their personality is a long list. Did that a lot? That's how I think Jon Gruden knew that he he couldn't do what he wanted to do with a salary of Khalil Mack. Which is obviously the one of the biggest in the in the history of a defensive player that he did he now got with Chicago. He couldn't do that with the salary with him on his salary cap. Amari cooper. There were just question marks about. We didn't know embark Cooper was going to be this good. He goes the Dallas. Maybe the system is better. Or maybe Dak Prescott is just better than than than than Derek. Car, but Amari Cooper, turned out to be a steal. But you didn't know that when he was with the with the Oakland Raiders TC they gave up a third and a fifth round there for and obviously if they had to pay play wide receiver in the NFL, correct? Let's say if Amari Cooper is eighty five percent of a AB, maybe even eighty two percent. Yeah. You you got back a first round, right? And you're going to pay him a little bit less, right? You would have had to pay more Cooper's. Well, I listen to it all works. It does until Tonio Brown becomes completely emotionally unstable. But we don't know that's going to happen. Yeah. Agreed. Which is why I would have done the deal. I'm not saying I would not have listed. There would have been some reticence on my part if I'm running the raiders, and it's my job to rebuild this team. I again to be clear, I would have done your, right? You want the new contract. It's gonna take thirty million guaranteed zero guaranteed with the Steelers want thirty million guaranteed to keep you happy. Let's go that probably means that all the rumblings about the raiders may be moving on from Derek Carr. Probably not going to happen. Now right now, I agree. Also opens up this window now. And we've said this a few times, but I want people to to really listen to what the raiders have built up in terms of equity. They got their Seaver. They got a massive tackle who was a beast. Right. Who's twenty-five not thirty one? Not like soldier that. The giants got right twenty-five round one fourth overall pick up. You get the best alignment hanging around. Right. I would imagine there's like six of them. So you can't really miss and if somebody scoots up to number two quarterback at the Niners want to drop out of that spot. You might even have your choice of the month the best two or three depending upon what read some other teams do there, obviously. So you could address the delight of four with the MAC equity. You get back which is twenty four th overall, maybe go cornerback really Williams's slide. Down that far. But and then at twenty seven with the Cooper stuff. You got four the first thirty five picks. Yeah. Right raiders are in position to be really interesting, really fast. Again, it goes to my point BT about them, not fully rebuilding. It felt like they were in rebuild mode. They are going to strip down and they were for the season. But I don't know if that was always the plan, and you know, what I mean, maybe coming into the I think I think maybe we just shorted John gruden's roster construction accurate. Just because you get rid of Cleo MAC, it's like come on. What are you doing the horrendous? It's horrible. It can crush your locker room to like when you don't pay the best defensive player in the NFL. Well, I guess maybe second because Donald is number one. You don't pay that guy who you draft your home grow. All right. See you do get out of here. Not even not even free agencies. We're getting rid of you prematurely at that does bad things for your locker room. Guys are saying well, hell, I'm not. I mean, I'm good. But I mean second best player in the league. Right. What did they definitely not going to sign me? Let him down. Package. And so why we thought that they were going stripped down clearly Jon Gruden had a different plan because he accumulated about three quarters of the way through the season. We start realizing is I got like three first round picks. He's got six of the top thirty whatever. I mean, sixty six of the for the first thirty five they also have a no third this year. They've got a fourth one fifth and two cents. There you go. So they got they got a ton of picks to rebuild and restore. They got a guy who's been scouting the draft twenty years after the show. Mike Mayock comes in. He knows everything about all of these kids because obviously he is last draft on television was the twenty eighteen draft. But you always look ahead graphic. He's got no doubt about probably fifty years, which is one of the reasons I'm sure that he was hired as general manager because he has deep Intel or at least opinions on a lot of these players. And so now, you see the Antonio Brown trade, you see you see the tackle Brown tree. Acquisition Brown acquisition. And it's like the raiders could be. I like immediately. And then if they mess around is they're starting to talk about and get labial. Well, I'll tell you why that has no chance to happen. But you're talking about it sounds good. Raider fans to ecstatic. That's not happening. But can you imagine? No. Because then that means by jets don't get them. That's my little micro world you macro world the raiders. I don't think they I don't think they can get beltway. Why coming up, but obviously with Antonio Brown stuff here. Let's give you chance to weigh in one eight five five two one two forty two twenty seven all sorts of plays can take it to the house literally from anywhere. He's in great shape. He's a great player. He's a little Radic in terms of what you get with the Instagram that was doing push ups in the pool. What he's not on the elliptical. Sweating like a maniac break Briggs in of weirdness. This Teo kind of like. Social media. Yeah. You're right. You're right. Zeke of all the attention te'o. Got from traditional media, right? They're to sit up next to his car in the parking lot. I was pathetic. It was weird. But even with that being said will break you're just a follow up that thought I don't like to use the word weird to describe other humans. But just in the context of this conversation to me Antonio Brown is far more weird than to you ever was agree at apex agree to ios a pain in the ass. Antonio Brown's shrouds that weird line. That's what you gotta worry about. All right. One eight five five to one hundred forty two twenty-seven lot of NBA later. Our over to stuff going on the warriors Steve Kerr Raymonde, and somebody floated the notion about the Bron, we've floated it I don't know eight days ago, the rest of the world getting onto what could be a pretty pretty interesting thought Tiki and Tierney your calls in the raiders making move CBS sports radio. Do you have frequent heartburn like the kind of heartburn? Will you stash antacids everywhere.
"thirty billion dollars" Discussed on WAFS Biz 1190
"Hundred thirty billion dollars that passed pass through its Estonian unit was tainted it's facing several criminal investigations, including in the US. And that's. Again with Middle East reporter Philippa, but Jacquot he joins us Iran the desk. So is Steve this is another gift you something. We just had a conversation that we've Romney. Of course, he ahead of the curve on Egypt, you covered it. What's going on with the students? Menace. You know that we've heard a lot of people talking about. How bullish the right now, we just had this conversation here? And I think it's important to flag. This stock at this moment because since the rates were could last week in a surprising move. We spoke to three different research houses and all of them have this stock as one of their topics for this market right now. Of course, it is expected to benefit from this lower interest rates environment. It's very important play Ford industry from the district's sector in Egypt, and we have seven analysts with a buyer accommodation for it within the Bloomberg system to hosts in one cell. It's it's been up sixteen percent so far this year and those analysts estimate that there is still is an upside of fourteen percent if you actually want to make money in this market daddy's in a ports trend maybe this good name to look at. We're just minutes away really from the open in this part of the world. What should investors be looking out for earning earnings seasons? Coming to a close. Exactly. Well, we have a very important banking stock to look at today. United Bank, which is treated both in Kuwait in beheading deliver results yesterday after markets were closed full year profit was thirteen percent higher than the previous year. And this is actually proposing to increase dividends from the previous year. And this is a Bank that's going through a very important merger here in the region. The entities actually in talks right now with Kuwait finance house for a potential deal. That is that's been priced in for a while. Now, the stock is twenty is up twenty two percent. So far this year. And yesterday we saw up two percent. So you wouldn't be surprising to see some little correction there today. Now, there is a bomb differential story in the Bahrain.
"thirty billion dollars" Discussed on KDOW
"Chuck Schumer's and Bernie Sanders to the most despicable human beings on the earth are calling for restricting corporate share buybacks. It you senators argue for limiting by Baxter. Let's companies raised worker pay boost benefits and invest in their business. And I am so with that because large companies are buying back shares while laying off workers closing stores, cutting factories. Keep outsourcing exactly what's going on. And because of the stock buybacks. In two thousand eight yes, and P five-hundred corporation. They saved thirty billion dollars. And that means they're equity their earnings equity earnings growth. Was up over forty percent. So now if you took the stock buybacks, which you're phony wish the stock buybacks remember when it does. You spread your shares over you spread your stock. Over your earnings rather over fewer shares that pops up your your stock price. And your earnings and then at earnings pops up their stock price. So if you have a million shares your them back to a half. And if you're getting return a two percent, your stocks at ten, okay? If you didn't have the stock buyback, well that was it. You got two percent return. Your stocks at ten by cutting your shares back a half a million you can get instead of earnings to percents bring earnings up to five percent and your stock instead of ten dollars up to fifteen or twenty dollars. It's all fake. It's what they call. A what the only thing that looks good is the stock market. But if you raise interest rates even a little bit that's gonna come crashing down because it's a big fat ugly bobble. That's what he said as a candidate. So what we're finding out right now this market rally. Okay. Is now in troppo. Remember, this market has stopped. And if you go back and look at the S and P, and again, let me just show you one second. Here you go to and you put up the. S and P five hundred stocks. I put it on my chart. Remember what's going on your don't listen to these people this market? Okay. Hit a peak back in January of two thousand eighteen and. And here we are. We're now in February of two thousand nineteen and it can't even get back to where the old highest. Don't you understand what that means? The market is broken. So they've had this rally now since January since December twenty six a big fake rally. What they call a short-covering rally, and they're trying to push it up with the plunger teams earn every trip they can possibly do. But with no earnings. It's fake. But that's okay. Here's our returns. The thing is for me to make sure my members as long as we know the market's going up, let's make money with it. I'm not going to say I found religion. And because it's fake, and he is an olive different tricks in the book to try to push this market up. I wanna sit on the sideline. No, I'm not going to do that. So we're up fourteen percent. And and Southwest Airlines up seven percent and Nike were up thirteen percent and has Valero or up seventeen percent. So join my gang. And the I think the program that people enjoy the most is my working group where you have the same five stock we've been in for two years Lu portfolio for two years. And we also have the the spiders if all you did was followed me on the spider with my buy and sell when I tell you to buy I tell you to add, and I'll tell you when a run like help. But at the same time, I'll tell you. Let's start shorting the market. That's the key when a market rallies like this the markets had a fourteen percent rather. It's not gonna hold. It's impossible. It can't. Oh, okay. Because remember the earnings aren't there? The earnings are fake. The earnings your fake, and they've been struggling remember it's been over a year, and they can't get back up to where they were and the char- you kidding. So the stock market is.
"thirty billion dollars" Discussed on 860AM The Answer
"Chuck Schumer's and Bernie Sanders to the most despicable human beings and are on the earth are calling for restricting corporate share buybacks. The two senators argue for limiting buybacks less companies rage worker pay boost benefits and invest in their business. And I am so with that because large companies are buying back shares while laying off workers closing stores, cutting factories keep outsourcing exactly what's going on. And because of the stock buybacks. In two thousand eight the S and P five hundred corporation. They saved thirty billion dollars. And that means they're equity their earnings equity earnings growth. Was up over forty percent. So now if you took the stock buybacks, which are phony wish to stock buybacks remember where it does. Spread your shares over you spread your stock. Over your earnings rather over fewer shares that pops up your your stock price. And your earnings and then at Ernie's pops up the stock price. So if you have a million shares, you're cut them back to a half. And if you're getting return a two percent, your stocks at ten, okay? If you didn't have the stock buyback, well that was it. You got two percent return. Your stocks at ten by cutting your shares back a half a million you can get instead of earnings. Two percent bring earnings up to five percent and your stock instead of ten dollars up to fifteen or twenty dollars. It's all fake. It's what they call. A what the only thing that looks good is the stock market. But if you raise interest rates even a little bit that's gonna come crashing down because it's a big fat ugly bobble. That's what he said is a candidate. So what we're finding out right now this market rally. Okay. Is now in trouble. Remember, this market has stopped. And if you go back and look at the S and P, and again, let me just show you one second. Here you go to and you put up the S and P five hundred stocks and put it on my chart. Remember what's going on your don't listen to these people this market? Okay. Hit a peak back in January of two thousand eighteen and and here we are. We're now in February of two thousand nineteen and it can't even get back to where the old highest. Don't you understand what that means? The market is broken. So they've had this rally now since January since December twenty six a big fake rally. What they call a short short-covering rally, and they're trying to push it up with the plunger or an every trip they can possibly do. But with no earnings. It's fake. But that's okay. Here's our returns. The thing is for me to make sure my members as long as we know the market's going up, let's make money with it. I'm not going to say I found religion. And because it's fake and are using all different tricks in the book to try to push this market up. I wanna sit on the sideline. No, I'm not going to do that. So we're up fourteen percent. And and Southwest Airlines Rupp seven percent and Nike were up thirteen percent and has Valero or up seventeen percent. So join my gang. And the I think the program that people enjoy the most is my working Avesta group where you have the same. Five stocked. We've been in for two years Looper folio for two years. And the also have the ETF the spiders, if all you did was follow me on a spider with my buy and sell when I tell you to buy I tell you to add, and I'll tell you wanna run like help. But at the same time, I'll tell you. Let's start shorting the market. That's the key when a market rallies like this the markets had a fourteen percent. It's not going to hold. It's impossible. It can't. Oh, okay. Because remember the earnings aren't there? Their earnings are fake. The earnings your fake, and they've been struggling remember it's been over a year, and they can't get back up to where they were on the chart you kidding. So the stock market is a wonderful.
"thirty billion dollars" Discussed on WIBC 93.1FM
"You're listening to ninety three WIBC WIBC HD one Indianapolis at six o'clock. A lot of the country. Here's an icebox. I'm Dave Anthony, Fox News is the coldest blast of winter in some areas. In decades, Minneapolis with the overnight low on Thursday at minus thirty one that is the air temperature so dangerously cold, a potentially deadly cold, FOX meteorologist, Janice dean, wind chills from the Dakotas to Illinois will reach fifty maybe sixty below the next few days, it's prompting schools and businesses to close with worry about frostbite and hypothermia the south isn't being spared, either nuggets. No, maybe several inches across Mississippi and Alabama over to Atlanta. Georgia's governors close state offices nearly a thousand flights are canceled today. A lot of them to inform other Chicago Orlando the biggest utility company in the US PG and E filed for bankruptcy protection early this morning in California. After hundreds of lawsuits were filed over deadly wildfires facing at least thirty billion dollars in potential liabilities. As investigators look into whether the company is. Equipment played a role in starting the series of these fires burn hundreds of thousands of acres of a two year period. Fox business network Cheryl Kosonen to police officers in Houston are in critical but stable condition among the four cops shot and wounded a fifth suffered a knee injury. Serving a search warrant at a whole net. Police described as a hub for drug dealers police adding that a tip from a neighbor led officers there. But when they arrived they immediately came under fire police eventually shooting and killing two suspects rinse. Fox's Todd pyro President Trump was Dulles. The state of the union tonight that was delayed by the partial government shutdown now over it's been rescheduled yesterday. House speaker Nancy Pelosi and President Trump talked about the address over the phone in made it official in a letter Pelosi writing in our conversation today, we agreed on February fifth. President Trump replied it is migrate honor to accept. We have a great story to tell and yet great goals to achieve. Fox's garrett. Tanny?.
"thirty billion dollars" Discussed on KDWN 720AM
"Pinch announced. They intend to file for bankruptcy within two weeks, basically because of liabilities created by the wildfires that have occurred in California over the last two years. We still don't know the full explanation for the causes of the big wildfires that occurred in Napa Sonoma County in two thousand seventeen and in paradise and twentieth. But it does appear that was a cause. Or at least a partial cause of the fires. And at this point claims from victims exceed thirty billion dollars for the two fires combined the risk of wildfires perceived. Now is so great California. It's not clear that the company could emerge from bankruptcy as a healthy firm. Just because markets bought the bond market and the stock market are looking at PGA is a very risky investment because a fire. Customers are going to be impacted by the bankruptcy. They're going to be impacted even Jimmy doesn't file for bankruptcy, and we can expect to see rates go up because the liabilities of the company have gone up enormously duties wildfires. The company is going to be financially strained for several years. And so you might imagine a smaller workforce as well. And that's also run counter to both the safety goals and the clean energy goals. California has said so I would expect to see more of this in the decades to come. This is kind of an interesting interesting. First example. Climate change driving a human system of institutions and businesses and arrangements to the breaking point. Now.
"thirty billion dollars" Discussed on News Radio 920 AM
"A thought the content was great almost perfect. But like you said, the the style was not good. That's not his forte. No reading from a teleprompter is not what he does best. And everybody knows that. And so I think it kind of diminish the effectiveness of it. But I think he touched on a lot of the right notes. Almost all the right notes. He talked about the suffering of the illegal aliens themselves, which we should have started that discussion thirty years ago, we that's the approach. We should have made was how this affects them. And then it takes away completely the racist thing, you're a hate monger. Thing Zena phobia it talking about how bad this is for the people who are dying on the way here and not doing well once they get here because they're not encouraged to do. Well, you can go further than that. You didn't go further than that. You can. And we have we have I've talked about look if I were in their situation. And I thought America didn't care about the border. I'd be taking my kids across salute. I would absolutely do that. Like a speeding ticket. It's it's not. It's not much of anything doing with Newsom. He wrecked. Easing courage. Everybody to come to correct. So I would do that. If I were in their situation, they're being conned because they're they're being told you can come here and live like an American. No, you can't you're gonna live in the shadows. You're gonna live in fear. But beyond that, what has changed is. Now, people are sending just their kids across that is wildly dangerous for families and kids to do wildly dangerous. They're being exploited by the drug lords. We have shown this over and over again. And now the last straw, is that the left and those from the open borders society are funding these caravans, and they are using these desperate people some of them not all of them, these desperate people. They're using them and conning. Them and saying, oh, no you're going to get in. And it's going to be great. They don't care about those people not at all. It's despicable what they're doing and to bring up their past support for the wall. Which in some cases was couple of years ago three years ago before just before him they still wanted border secure. No, no, no. No. No. No, no. To even allow that to happen. They offered thirty billion dollars last year. Yes last year. So when when Nancy Pelosi and Chuck Schumer come out and say, it's ineffective and expensive moral and immoral you, you'll sold thirty billion dollars. You're saying I'll take I'll give you thirty billion dollars for the dream act that needs to be hammered home in the Republicans are so ineffective at that. We've talked a million times about how bad.