35 Burst results for "Thirty Eight Billion Dollars"
Small-Business Aid Program Has Significant Fraud Risk, GAO Says
"Some members of Congress are asking the small business administration to explain why more than thirty eight billion dollars in virus relief loans for small businesses were canceled as of the end of may a government accountability office report gave no reason for the cancellations the report also cites a significant risk of fraud in the paycheck protection program because of confusing rules and a lack of
Are airlines clear for takeoff?
"Also got some encouraging new numbers from the TSA the agency, screening more than half a million passengers for the first since the coronavirus pandemic hits and Credit Suisse issuing some calls on the space southwest, the big winner getting upgrade as analysts believe the airline is well positioned for a comeback, but the firm downgrading united and spirit so are the airlines clear for takeoff Jeff Mills Holy. Cow United Airlines up twenty percent today. It's interesting, and I just WanNa make the first point which I think is critical at these levels and in this market when you're buying into the airlines, you have to understand what you're doing. What you're doing is buying into a Beta trade, which is completely linked to the reopening so this afternoon. Just for fun. I looked at American Airlines Delta MGM. Casinos, a couple of the cruise lines, and I looked at the correlations. If you go back to twenty, nine thousand nine as an example, then you average. Average out the correlations. If you just do a little matrix, it was point four three, so not that high from the bottom. Those stocks have been correlated an average of point nine six. You're basically looking at the same chart so when you're buying into an airline I don't know that it's anything idiosyncratic relative to the fundamental, so I want to make that point very clear upfront I've been cautious as it relates to the airlines. I think there are some risks as we move into the fourth quarter. Is Business travel going to come back. Are we going to get a second wave of the virus? I think there's this pent up demand right now, so you're seeing traveler throughput increase, but those TSA numbers we above five hundred thousand for the first time we were at about one hundred thousand per day at the depths of the the economic shutdown. Let's not. Not Forget I mean that's good, but this same day in two thousand, nine, thousand nine. That number was two point six million. We have a lot of ground to cover in terms of getting to where we need to be from demand standpoint. Last thing I will say just in terms of picking names within the space I. Think you WanNa. Look at A. A few things you WANNA look at exposure to business travel you WANNA look evaluation. I, also think you WANNA look at exposure to international travel, because that demand hasn't clearly come back yet. The name I think that might be best positioned for all of that is actually south west in terms of their revenue mix exposure to international travel, and their evaluations actually look a lot better. Some of the names like American spirit jet blue. If you look at them from an IT perspective, even that these depressed price levels given the debt that they've added during the last couple of months, evaluations actually don't look that attractive so in a space I don't like much. I think South West might be the name. Michael What do you make that? Wyndham CEO was Unin closing bell, last. Hourani, said leisure travels picking up, and he seemed bookings increase for eight straight weeks, but jeff makes a good point about the business travel. What do you? What do you think that all adds up for for the airlines? Some opportunity here? Stay away no way yet. Well. I, think it certainly depends. Name by name is picking up off such a low level that you know. Those types of increases in percentage terms are going to see material, but that doesn't necessarily mean that certain players in the space are going to be in good shape, taking a look at American for example. You know this is a company where you're looking. Looking at relatively short data debt that's trading at just over fifty cents on the dollar. And what that tells you is that the bondholders still have significant concerns. The reason the equity does so well is because it is coming off such a low level. It's a speculative by as Jeff was just alluding to on a reopening, but that doesn't necessarily mean that in. In the long term, these companies are going to end up being successful. You know if you're looking at companies that have accumulated a massive amount of debt than the enterprise values was talking about might actually be very little change, you know. It was just over forty billion dollars at the end of twenty, nine, thousand nineteen for American. Airlines around thirty eight billion dollars. Dollars now it's just the equity component that's down, but debt has been added of those big carriers. Maybe Delta Airlines is probably the highest quality, but you're really playing with in a very dangerous space when you're dealing with levered businesses that are so closely tied to a recovery and needing that second wave is going to hit them very hard if it comes. So, what do you think PK? You WanNa play a dangerous game. WanNa wait into the airline's. Name more like Boeing you walking away. No, no I want you know it's going to be hands off for me I. Mean Really What you've got here. Yeah, was the retreat here certainly but any asset that's up twenty percent I don't care if it's an airline Boeing or bitcoin up. Twenty percent takes off the table. People I mean take a little bit of profit. Wait for another day in the long run. I, do think these are challenged. All right so you are sending those warning signs
Farmers are Swimming in Milk, but Can't Get it to Needy Food Banks
"Spilled milk. It has a whole new meaning. These days with restaurants schools and universities closed. Dairy farmers are swimming in millions of gallons of milk. They can no longer sell at the same time. Millions more Americans are hungry. Food banks across the country are seeing dramatic. Spikes in demand is unemployment swells. But they don't have enough food one of the products in short supply. You got it milk. Here's what the mismatch looks like spring the time of year when cows produce the most milk so they have more milk than usual and much less access to their regular customers and even though farmers are donating some milk food banks according to the New York Times they're still dumping about one and a half million gallons daily that's because farmers have been limited in their ability to give away enough milk to prevent the enormous waste time set but couldn't they just give away more milk. The short answer is no and the reason is two pronged for one. Food Banks. Don't have enough refrigerators or volunteers to handle too much milk at once. The other reason is that the cost of transporting and distributing milk is just too high for many farmers produce. Growers and cattle ranchers are having similar problems according to the New York Times not since the Great Depression has so much fresh food been destroyed but these are just the latest struggles facing the dairy industry as we reported in previous episodes. Dairy farmers were in trouble before Kobe. Nineteen in part because Americans. Just don't love cow's milk like we used to instead. We're increasingly turning to alternatives. Soy Almond Banana. Milk are changing. Tastes have real consequences. Just last November. The country's largest dairy supplier dean foods filed for bankruptcy now revenues. A fallen by half again for many dairy farmers. It's a distressing break in the supply chain farmers who can't sell enough milk are suffering and so are millions of people who don't have enough to eat. According to the nation's largest chain of food banks feeding America in normal times about thirty seven million Americans are considered to be food insecure. Now another seventeen million people recently unemployed also need help to avoid hunger at least eleven million of the hungrier children. According to the nonprofit it took several weeks but at least two big grocers are stepping in to help fix the supply chain mismatch last month. Publics began buying excess produce in milk and donating it to feeding America in. Its first two weeks. Public says it purchased and donated one hundred thousand gallons of milk and a million pounds of produce. The LAKELAND Florida grocery chain plans to continue the initiative released several weeks. According to CBS News public efforts are regional so far. The grocer is buying milk from dairy farmers. In the southeast and vegetables from Florida Growers Public's also donated two million dollars to feeding America. According to a statement Kroger America's largest grocery chain soon followed suit. On April Thirtieth Kroger said it would purchase two hundred thousand gallons of surplus milk and donate to feeding America and community food banks. Some might say both grocers can well afford to help in a normal year. Kroger's revenues are well above one hundred billion dollars with everyone. At Home Kroger's sales have surged. Revenues grew thirty percent in March. According to the Texas Observer Kroger's stock is currently close to its fifty two week high public to has been doing well with twenty nineteen sales of thirty eight billion dollars. The company says it sales grew this quarter by about sixteen percent over the same period a year ago with about two thirds of those sales due to all the home cooking. Americans are doing right now. The scale of America's milk problem for both farmers and the unemployed is so massive that the efforts to businesses alone are far from enough. That's something the federal government recently recognized. The Department of Agriculture will begin spending three hundred million dollars a month to buy surplus milk produce and meat from distributors and ship it to food banks. According to The New York Times some states to are getting in on the action for example New York is trying to help its own farmers deal with its huge pools of excess milk. It plans to give food banks twenty five million dollars to purchase products made from the milk. It's also working with food processors like Shabani Hood and Cabot to help them. Turn that milk into yogurt. Cheese and butter. The newspaper reported the fact that Kroger and Publix are redistributing surplus milk to food. Banks may be laudable but the quantities of no faith committed to purchase now to a drop in the bucket victims white question now is whether other businesses step up to help farmers and the hungry
Billionaires got $283B richer during coronavirus: Study
"Sinco billionaires acquired a collective two hundred thirty eight billion dollars in addition additional wealth in twenty three days during the pandemic according to a new study from the institute for Policy Studies U. S. billionaire wealth collectively increased ten percent from March eighteenth to April tenth when more than twenty two million people lost their jobs eight billionaires have each gained more than one billion dollars in additional well since January first including Jeff Bezos mackenzie Bezos in one mosque
Due to Drop in Demand, Dairy Farmers Dumping Milk During Pandemic
"The U. S. dairy industry which produces thirty eight billion dollars worth of milk every year is in crisis that's after years of Americans drinking less milk a tumble in milk prices and bankruptcy filings for Borden and dean foods the nation's largest milk producer and now the corona virus outbreak unable to sell their product or freeze it struggling farmers are dumping their milk instead farmers from all over the country D. New York Vermont Georgia Florida Texas I don't know all the way to California started dumping milk that's Matt Gould editor of dairy and food market analyst and the big problem for farmers right now is that schools and restaurants are closed cutting sales of milk butter and cheese in half we consume more dairy when we go out to eat and we do when we go to the grocery store and have to cook her own meals and buying an extra gallon of milk can not make up for those
U.S. Farmers Dump Milk as Coronavirus Restaurant Closings Destroy Demand
"Ten when U. S. dairy industry which produces thirty eight billion dollars worth of milk every year is in crisis that's after years of Americans drinking less milk a tumble in milk prices and bankruptcy filings for Borden and dean foods the nation's largest milk producer and now the corona virus outbreak unable to sell their product or freeze it struggling farmers are dumping their milk instead farmers from all over the country D. New York Vermont Georgia Florida Texas Idaho all the way to California started dumping milk that's Matt Gould editor of dairy and food market analyst and the big problem for farmers right now is that schools and restaurants are closed cutting sales of milk butter and cheese in half we consume more dairy when we go out to eat and we do when we go to the grocery store and have to cook her own meals and buying an extra gallon of milk can not make up for those losses Bloomberg money watch a twenty six and fifty six past every hour I'm Tom Busby for ten
"thirty eight billion dollars" Discussed on KOMO
"Seven hundred and thirty eight billion dollars in defense funding for the two thousand twenty president trump has presided over major increases in defense spending this policy is a defense spending restraint during the Obama administration but facing a rising China and a resurgent Russia Republicans say the spending boosts represent a much needed investment in new capabilities and sustained readiness others such as twenty twenty democratic presidential hopefuls disagree they say this spending is wasteful and unaffordable alongside trillion dollar annual deficits and interest defense spending too high well the deal that got the defense budget to the extraordinarily high level it is was made because that was the only way the Democrats could get some money for social programs and between the two parties they blew up the deficit to the point where people who in the past might have said you know no don't worry about the deficit as Ronald Reagan said it's big enough to take care of itself who are now seriously worried about we are where we are and you know I think you don't look at the absolute number but you look at where where the money is going two and whether it's appropriately divided there's so much sort of baked into the bureaucracy of how we did things in the past and there are lots of alliances with defense contractors so yes I would say it is it defense spending is too high but I don't necessarily look to the next president whether it's trump or a Democrat to lower defense spending it goes up it's a question of just by how much Jim what we have this basic mathematical problem that we have the Democrats spending programs or social programs the Republicans tax rates and both parties wars and at some point you know entitlement reform the end and no entitlement reform so you you're at some point the interest payments on the national debt and the growth of the entitlement programs with mandatory spending programs many people will get mad if you tell them social security or Medicare is an entitlement the those things are going to squeeze discretionary spending out of the federal budget and the biggest discretionary spending program is national defense which itself continues to grow so we're gonna have to make some hard choices but our political leaders enter voters frankly haven't been unwilling to make those type the market see in the market's gonna make it for us at some point the markets as R. as the as the world's currency that has spared us from having to make some very difficult choices but how long can you sustainable run trillion dollar annual deficits in a time of relative prosperity and as close as we ever get to peace time right now well I think that when you zoom out and you take a look at the big picture on military spending a part of the budgetary concerns and the things that we have to look at also is the question of what about the infrastructure costs related to diplomacy and intelligence there has been a fundamental inversion of power from a dent from defense spending perspective certainly since nine eleven and there has been eight and increased our change and focus on higher military spending and this isn't just something that lies at the doorstep of the current president this is been going on certainly at least since nine eleven where there have been lesser and lesser resources at play for example in the state department and and that is something that is really a very much not to our benefit so if you're taking a look for example of what's been happening at the state department under Tillerson who is no longer with us that it certainly has been greatly got it and and therefore when you when you're looking at that the balance of power in dollars what's happening on the side of the military how powerful is the military in terms of our power projection without those other important that's an excellent sign and it's a penalized by secretary of state Mike Pompeo who performs like defense secretary Bob Peyo we don't associate high level diplomacy and the state department really has been hollowed out and under this under this present also will think about healthcare costs associated with the military yeah but that's the fastest growing and of spending and cost in our defense department and I said to say fortunately we don't have a warped recycling right now or is it the scale now where as many injured US troops coming back but anyway you look at it it's hard to say that we're spending too much for defensive though when we're spending more than twice what the rest of the world spends put together I'm going to set this point you know I think it was either secretary defense Mattis or both dates of both of them one of them reference the fact that there are more members of military bands active plus non military bands then they're all foreign service offices in the state on those those bands now exactly this was a military but as one of the challenges here you know if I'm gonna suggest this I mean I personally I think we need to spend a lot on defense with but the appropriations we make why the industrial complex why is the U. S. navy still building aircraft carriers which have some relevance for our next issue we'll get into that minute when the Chinese confira ballistic missiles to destroy them and kill five thousand Americans yeah yeah with with with my with my unit we don't need artillery more this is a wonderful World War one and two does device and I think it's far thousand miles the army wants to do long range artillery against the Chinese islands well this but there's a possibility not only found something for them to do well well well they did get rid of the the horse the horse cavalry late so much of this is baked into what we do and we continue to do it because we've always done it and there's a whole world of lobbyists yeah the fence contractors that are involved and these contractors have been very smart to work with a number of members of Congress and jobs are distributed to many congressional districts so it's it's a very hard system to reform or scale back I mean it just it just keeps keeps growing a question here to going off and on this point one of the things we could do is to restrict retiring general offices from joining the boards of defense contractors could that revolving circle I mean do you think that's something that we could feasibly get through Congress or should I think it's something we should how whether we could I think it's a different story I think we conservatives like to treat the military like it's an honorary member of the private sector because it's it is something that we generally agree is illegitimate the the preeminent function of the federal government but it still has all the same tendencies and incentives and bureaucratic imperatives and and everything about the the functions of government that we don't like all of those other tendencies but we're much less willing it is the largest socialist organization as well right yes three times what China does in ten times what Russia does and if you ask people in the military that those numbers will say well a lot of that is on fringe benefits for the volunteer army they get child care they get health benefits and all and all of that so they get the kind of benefits that a lot of the supporters of the military don't one for everybody else they they they don't get Medicare for all but they get the quibble and tricare for all tri care okay your point in terms of the the the tie between the military and the government contracting space here in Washington DC you know we're very familiar with that in the in the federal space in the government contracts from I can tell you that if government contractors were on the site right now they would say that one of the reasons why they love working with former military officials.
Reducing Hospital Infections
"Acquired in hospitals are the number one cause of hospital harm hospitals. Those are fabulous breeding grounds for infections and hospital infections cost America about thirty eight billion dollars a year and result in about one hundred thousand deaths each year and among hospital acquired infections. Pneumonia is at the very top of the list list. which is the type of infection that I'm interested in? That's Dr Diane Baker. I'm a professor of nursing at California State University Sacramento Manam. Getting pneumonia in the hospital is not good. These infections or hard to treat they cause people to spend more time in the hospital and and they cost money to treat and they often cause death. That's why we're so interested in taking all the steps necessary to prevent these types of infections actions. It won't surprise you. That hospitals encourage frequent hand washing and the wearing of masks gowns. But Dr Baker's team team has discovered that a dollar thirty five intervention can significantly decreased pneumonia and patients like it. Dr Baker Acre observed that often nurses just don't have the resources to deliver fundamental nursing. Care things like helping people to get out of bed. Providing leading skin care and oral care the consequence of omitting this care of course is that it puts the patient at increased risk for hospital acquired infection. It it turns out that a good number of cases of hospital acquired de Monja can be prevented the Monja comes from germs in the mouth. If we omit ah basic or or care the germs over Berlin. The mouth and they can easily slip into the lungs causing an infection. That's what we call the MONJA. Hospitals are the perfect storm for pneumonia is to develop in part. This is due to patients lying in bed. Being given medicines that suppress their koff having dry. Maoz and an ultra diet. So Dr Baker's team began to think how they might change this pattern. That's got the idea idea that we kept the mouth clean and stopped the germs from Boeing. That perhaps we could prevent this the MONJA and indeed. That's exactly actly. What we did. Dr Baker got three large healthcare systems to give her idea. Try Simple as it might be. Nurses made sure or that. Mouths were healthy. And then encouraged hospitalized people to brush their teeth three to four times a day. This means that they're given a good couth brush. Toothpaste antiseptic now. France and we started brushing teeth before surgery as kind of a logical step. You're having a big surgery as someone's like they put a tube your throat without surgery. Your mouth should be as clean as possibly could be. It's a simple step. But does it reduce pneumonia. Absolutely did reduce the MONJA and one of our studies have to seventy percent saving about thirty one lives savings. I'm about six million dollars a year and the results from the Kaiser permanent case system were equally as impressive literally saving millions of dollars for the organization and hundreds of lives so the solution is simple low cost and low tech but believe it or not. Hospitals are still not adopting this a dollar thirty five intervention. Why because so far no accrediting organization has officially told hospitals. They need to to do it. Come on really. This is Dr Michael Wilks with a second opinion.
"thirty eight billion dollars" Discussed on 600 WREC
"And thirty eight billion dollar defense bill covers a lot of ground according to Florida Republican congressman Mike walls we also got in their benefits for gold star families some taxes that were repealed and some child care that I was able to get in and importantly we also expanded parental leave from the military to all federal workers and that was a huge priority for a vodka trump walls on fox and friends with the impeachment trial of president trump expected sometime in January South Carolina Republican senator Tim Scott is focusing on a fair trial we should focus on a fact pattern but I leads us to a conclusion as it relates to in being it it being impeachable that is our responsibility Scott appearing on fox news channel's Google live America is listening to fox news from the box for studios in Los Angeles here's the thing in the NFL's game in the bay area tonight the forty Niners beat the rams thirty four thirty one on a field goal on the final play the game winner was set up by a third and sixteen pass completion in the final minute New England plain states division beating buffalo twenty four seventeen Houston clinched its division winning at Tampa Bay twenty three twenty and by the way the Vikings have a playoff berth now that the rams lost tonight Minnesota running back Dalvin cook is out for the Monday night game against Green Bay in the late college football contest that's the New Orleans bowl it's right now Appalachian state ranked twentieth leading thirty one seventeen over you a B. with about five minutes left in the late college basketball game in San Francisco it's Saint John sixty eight sixty seven over Arizona which is ranked sixteenth number one Kansas lost fifty six fifty five at Villanova Ohio state beat Kentucky and a top ten match up in Vegas seventy one sixty five land back Dallas Jenkins is the son of the left behind author Jerry.
Donald Trump signs defense bill that creates Space Force, expands parental leave
"President trump has signed a defense authorization act before flying south for the holiday the seven hundred thirty eight billion dollar bill grants federal place paid parental leave and authorizes a new branch of the military called space force growth space is the world's newest warfighting domain amid grave threats to our national security American superiority in space is absolutely vital trump says this bill is the largest investment ever in the U. S. military the Air Force was the last French created seventy years ago trouble spent two weeks in Florida for the
Trump Officially Establishes US Space Force with 2020 Defense Bill Signing
"It's going to start small but the space force being launched by president trump amounts to a big political win with two billion dollars in funding over the next five years the space force will focus on protecting the hundreds of U. S. satellites in orbit including dozens that are used for communications and GPS the new military branches creation came as part of the seven hundred and thirty eight billion dollar defense authorization bill president trump signed last night a joint base Andrews before leaving town for the holidays boxes Garrett tanning in Washington the bill as part of a larger package the funds the government through September domestic spending also
Space Force will start small but let Trump claim a big win
"President trump addressing troops at joint base Andrews on his way to Florida for the holiday signs is seven hundred thirty eight billion dollar defense spending package it includes the formation of a new branch of the military the first time that's happened in more than seventy years you will witness the birth of the space force he called space the new war fighting domain amid grave threats to our national security American superiority in space is absolutely vital the president also promised troops a pay raise and better equipment we're supporting you the heroes who defend our family secure our nation and protect our freedom Jackie Quinn Washington
Senate sends spending package to Trump to avert government shutdown
"Package the Senate approved a one point four trillion dollars government spending package Thursday sending the legislation to president Donald Trump the White House said trump will sign the legislation before Friday's midnight deadline and thus avert a government shutdown the bi partisan package that received approval in the house earlier in the week includes funding for the president's border wall project twenty seven billion dollars in domestic spending increases sought by Democrats and a record seven hundred thirty eight billion dollars for the Pentagon it also includes an increase in the nation wide legal age to buy tobacco products from eighteen to
Big spending bill wins Senate OK, has victories all around
"The Senate approved a one point four trillion dollars government spending package Thursday sending the legislation to president Donald Trump the White House said trump will sign the legislation before Friday's midnight deadline and thus avert a government shutdown the bi partisan package that received approval in the house earlier in the week includes funding for the president's border wall project twenty seven billion dollars in domestic spending increases sought by Democrats and a record seven hundred thirty eight billion dollars for the Pentagon it also includes an increase in the nation wide legal age to buy tobacco products from eighteen to twenty one Mike Rossio Washington
U.S. House approves Space Force, family leave in $738 billion defense bill
"US house passed the seven hundred thirty eight billion dollar defense bill that will provide the first paid family leave for all federal workers in the creation of a space force as the country's six armed
U.S. House approves Space Force, family leave in $738 billion defense bill
"The defense policy bill has received overwhelming approval in the house and Pierce Claudia chrysalis reports that the legislation includes some major policy initiatives for service members as well as civilians Republicans got space force while Democrats got a new twelve week parental leave policy for federal workers the national defense authorization act also includes directives to boost military readiness improve military housing and a three point one percent pay raise for service members the seven hundred and thirty eight billion dollar measure also continues military aid to Ukraine which game public scrutiny with the impeachment inquiry the measure was approved by a bipartisan vote of three hundred and seventy seven two forty eight it now heads to the Senate floor for a vote next week and if approved is expected to gain the president's signature accordingly Seles NPR news
China’s exports fall again in November, as trade war continues to bite
"China's exports of fallen for the fourth month in a row is the trade war with the United States continues to hit the world's second largest economy they were down by more than one percent in November compared with a year earlier with the impulse showing an unexpected rise China's trade surplus with the rest of the world fell but was still more than thirty eight billion dollars for the
Alibaba's Singles' Day sales hit record $38 billion; growth slows
"So sales topped thirty eight billion dollars. In fact in the person minute and eight seconds sales topped one billion dollars so last year sales were closer to thirty billion dollars an increase in about twenty eight percent which is slower than years past. But this is also the Eleventh Matthew for the event so perhaps some slowing growth is to be expected but just to give us a sense of how largest event has grown and just how quickly the first singles day back in two thousand nine tails were closer to seven point. Eight million so the events has clearly become larger than black Friday and cyber Monday combined. And it's not just important for Chinese companies because US US brands tend to do well on this day to after Chinese companies they received them. Oh Sales Apple Nike Estee Lauder gap all doing well in this twenty four hour period and this year was especially important as in busters looked for signs of a weakening. Chinese consumer. There was also some concern about any perhaps growing Chinese nationalism toward American companies and analyst. Today were mixed about any larger implications with these massive figures sons saying that the Chinese consumer is still strong. They're clearly still shopping. Others say this is more about the strength of Alibaba and how they've been able to harness the power of technology to get people to shop either way. They are indeed shopping alibaba alibaba competitor. Jd Dot com also. Did really well today. And between the two sides JD DOT COM and alibaba analysts say that they generated about sixty billion dollars in sales splits up all right thank you how Salomon with some staggering figures on singles day. Dan How do you trade Baba so it's interesting the stock we had on last week. He was talking about this. I really interesting technical level. It just got about this one eighty five had been in a tight range or so when he was just talking about there. It is right there. You know how cheap the options were priced into this sort of event. I I think what a lot of investors are starting to think that this is becoming a very complex day for logistics standpoint for Alibaba and it may not be worth getting to that thirty eight billion that needs to be delivered so quickly but it's interesting the price action today. The stock was down a couple percent on some of the macro news regarding China specifically in Hong Kong and it made it up by the end of the day. I think investors like to see that I'd still be playing for a breakout of that range and it's been in for the last five months show one nine thousand five was the April high. That's obviously the next step but the long-term levels all set to eleven. We talked about when bottling last week. I mean I think you I think. That's the trend. I mean it obviously didn't trade particularly well as sort of a benign day for the stock is probably to be expected attractive given the run. We've seen but the dance point. I think the trend is intact. One Ninety five is absolutely think of my opinion next up. Does this chart really tell the story of the Chinese consumer. We're in your view. I I think it does. Yeah I think you know what's interesting. The Chinese stock market itself actually looks like pretty interesting. Looks like it wants to break out so you look at like the Shanghai in high three hundred or something like that. That looks pretty interesting. And if you're actually having a Chinese consumer that's doing quite well the trade tears potentially rolling off then I actually I think both Baba and the Shanghai do quite well well singles day that record comes as Major. US retailer gear up for the most wonderful and important time of the year. Yes US forty three days. Six
Pentagon Awards $10 Billion Contract To Microsoft Over Front-Runner Amazon
"But let's begin with Microsoft shares opening at a new high on Monday after Microsoft was award eighteen billion dollar Pentagon contract for its cloud computing services now Jason and may shock you to know that there may be a political layer this Amazon's the market leader in cloud computing they already provide cloud services for the CIA and they are considering challenging the awarding of the contract citing president trump's interference in the bidding process now we will let the politics sort itself out but in terms of the business locations what does it mean for investor. Yeah I mean very good point there regarding the political nature this who knows we don't obviously but from a business perspective I think it's really important we talk a lot about cloud these days and aws has always been the I think that the number one Amazon right services us the number one company in the space for a number of reasons they are but you Microsoft clearly is doing very well in the space it's very they think to to know that it's not just cloud business and then that's it right there there there's nuance to each company's cloud business and what the you do what I mean by that we look at Amazon for example you look at Amazon's ten K. and they refer to aws Amazon web services as the segment which offers abroad head of global compute storage database and other service offerings now in two thousand eighteen aws recorded about twenty six billion dollars in sales now if you look at Microsoft Microsoft Commercial Cloud in two thousand eighteen actually recorded thirty eight billion dollars in sales so thirty eight billion is more than twenty six billion yen yet Amazon's the cloud leader right how can this be Mac if you look in in Microsoft's Ten k the way they define their commercial cloud is commercial revenue includes Microsoft Office three sixty five commercial Microsoft Azure or Azure however you prefer to pronounce getting we know it's Azure the commercial of linked in Microsoft Dynamics three sixty five other cloud property so my point being is when when Microsoft talks about cloud they're defining thing it a little bit more broadly and so that's why you see Microsoft with that thirty eight billion versus Obama San's twenty-six playing but really what we're talking about is this infrastructure as a service that's what Azure is Microsoft is I mean Amazon is really it's the building blocks of the cloud there in so while Amazon is the leader in that space with basically half market share fifty percent of that market share in it's about the same it's actually more than the next four players combine Microsoft is wrong number two player in the space and they're gaining market share so political motives aside I mean there is a business case to be made forgiving Microsoft this contract is is my ultimate points we shouldn't be surprised by this yeah Jason Cheer Point this is a rumored to be about ten billion dollar contracts when you think about the size of the businesses this is huge and with aws like you mentioned having about fifty percent of the market share in Azure being much further behind was sixteen percent according to partner this contract moves a lot of needles for these companies so I think Microsoft even though this is great for them but they were very clearly surprised hi this earlier this year they're the ones beating the table saying that a ten billion dollar contract was way too big just to give to one company in the DOJ should look into using multiple providers I think it's clear that they definitely were surprised by this news as well because even earlier this year they may be by making that comment felt kind of behind aws nothing a lot of people were surprised maybe it is I think most people think because of Amazon's experience in the space in the contracts they've locked up to this point it's probably the most sensible fit again I mean it is a matter of of what the services are needed for in in what you're ultimately trying to do with those services Microsoft cloud services they've placed a big assist on a and analytics it's not to say that Amazon doesn't have those capabilities but Microsoft has been investing more in that so perhaps this Djeddai contract is they're going to benefit more from the A. and the analytics and they felt like Microsoft was a better fit but at the end of the day again I mean I think it makes sense from a customer's perspective you look at Amazon and you okay they've got basically fifty percent market share but you also don't want to be signing up and putting all of your eggs essentially in that one basket I mean you get into that the point of failure risk there and if something happens to Amazon your entire cloud infrastructure he gets kind of flushed down the toilets you have to be very careful how you're picking this and in so being customers being very deliberate about how they choose their providers and then also diversifying as being a single provider I I think makes a lot of sense and emily Eh to your point I assume that Microsoft will no longer be complaining about the size of the ten billion and say
"thirty eight billion dollars" Discussed on Newsradio 830 WCCO
"All right next to our body our over rated under rated properly rated we're gonna get in the women's World Cup the championship in all the facets to that story also on the next hour talk about the Starbucks story my town of Tempe and what took place there Starbucks are in trouble once again this in this case are the opposite side all the controversy from Philadelphia I'm so we'll get into that in a little bit have you seen the items Archuleta where a certain woman right now is being bombarded by day eighteen proposals on line text me if you can come up with who is the woman right now an American citizen who is receiving the most online Hey how you do any the lucky chick who is the lucky checked we still go check how many guys still go check I'm not sure what the typical guy who goes check he's a we're in a week or look at a guy we just saw guide MSNBC what all bad way give this guy Dan cook you are not eligible for the game today and you are correct so she let it do not look at the the the tax in the studio another texter Susie Jones Hey so they could be Susie Jones right if you are single it could be you who is this woman who is receiving an analyst Amman offers to to date it is McKenzie base all in the bay so that's a no no Hey girl what's the big game how you doing thirty eight billion dollars did you I need to anybody and everybody needs to holler at you just want to be friends again let's go friends with the benefit I want to be the will you know our I'd like a little taste yeah thirty eight bill I think that's a baby this baby that is a heck a B. R. checks who is the typical person who call someone a checks begin relationships this website I check out occasionally where has very servings study claims this is the key to long term compatibility this is the number one key long term compatibility you're kind of a relationship rule among your various skills that you have I mean you're out the love doctor or you're not or are you not the doctor love I mean we got plenty competition what time for us to have the love doctor have you been with the love doctor before no I have not all okay we might have to call okay love doctor is a love that the local mysterious okay a mysterious he does not want to be tied to one particular to I kind part that's what they said is the key to long term compatibilities we hear all these things about opposites attract all our you know we need to have so many similar interests or both can't be tied a whatever me might be but having eight nine partner is the number one quality to a long term relationship is that just too obvious will know that or is that a threat okay like Sean when you think of your husband Sean do you automatically think nice right because I don't think I don't think you're a bad person if you if if like right away don't think somebody is nice but it sure as heck helps yeah my husband so kind and so nice so yeah that's that's actually one of the first qualities I think bonus yeah you can make me go home get pregnant you sell nice nicer than you jazz okay okay do we need one of the individuals in said relationship to bring the Gristle like so one is nice yes you guys have a balance and I won exactly one's gonna bring the grizzled and it's a potentially what we know it's a problem of both bring Chris yep two K. have to grizlr stew wrestlers grows that's too much wrestle with that angle Warren acting cause issues is it a problem of both a really nice yes it is you think of it yeah I think the nice could be although doing nice automatically is boring nice is definitely boring are you saying Sean is boring so I and my husband is comfortable a lot of Gristle where you younger but when you get older you lease some car I don't know how the billing how is it gonna take comfortable.
"thirty eight billion dollars" Discussed on WNYC 93.9 FM
"Governor Phil Murphy has presented a thirty eight billion dollar budget for the twenty twenty fiscal year. The budget would go into effect in July and would increase top marginal tax rates on the state's millionaires. That's the very same issue that drew widespread opposition Murphy's, fellow Democrats in the state legislature last year, and almost led to government shutdown here to fill us in on the governor's latest budget and reaction to it. WNYC's New Jersey reporter, Karen rouse. Hey, karen. Hi, jamie. Karen, what are some of the highlights? Lights in the governor's budget. Murphy wanted to drive a couple of points home to citizens of New Jersey. So I he really wanted to make sure that they know that this is a budget that targets a better life for New Jersey's middle class. That's been a theme of his since he was elected, and that means bringing people up up into the middle class and increasing doing that with things like increasing funding for public schools. So they're adding two hundred and six million dollars this year for that. And that's expected to reduce the tax burden on property owners because the New Jersey schools are funded through property taxes. There's also funding for college tuition for low income students and affordable housing. Second. Murphy is really proud of the savings, and this thirty eight billion dollar spending plan and their impressive. Really? I mean, you have one point one billion in savings, and he did this by working with employee unions auditing state spending define savings. So they're actually looking at ending the twenty twenty year with a one billion dollar surplus, and that's pretty huge. It is where did those savings? Come from. So he says that his staff did these deep dives into the into their departments defined budget savings. So for instance, they found in some cases that people were getting healthcare coverage who want eligible, for example, if a state worker gets divorced, but the spouse is still on the plan, and now auditing and sort of weeding out those sorts of expenses, and they're also working with labor unions to find lower cost healthcare options to get those savings, but he's not just building this budget on tax cuts. Murphy says he wants to increase income tax rates on millionaire's. New Jersey's government nearly shut down last year over that same issue might it come to that this time around it doesn't appear. So so listen to these comments from Murphy speech about the negotiations that are ahead. I understand the budget. I'm proposing today will not be identical to the one that I will ultimately sign we will talk. We will negotiate and we will compromise. This is as it should be. This is how our system works best. So Jane, you hear that Murphy is striking the conciliatory tone in his speech. He's making it clear that he knows the legislature will ask for some different things what are in his budget. And they won't like some of the things that he's proposing. Murphy has had something of a contentious relationship with the leaders of the democrat led legislature. Particularly state Senate president Steve Sweeney, how did Sweeney and other legislative leaders react to the speech they kind of ate it up. I mean, really like during the speech Murphy was thoughtful about acknowledging the work of Senate president, Stephen Sweeney and assembly speaker, Craig Kauffman on education funding and getting a fifteen dollars minimum wage toned, if he struck work, he's knowledged, he acknowledged them during his speech and Sweeney said that after the speech, you know, he made comments he said that was a better tone than last year. When things want very friendly between them anybody did say that he doesn't like the millionaire's tax. And it's interesting when when Murphy talked about it in his speech, it was noticeable about how stone-faced Sweeney wise and how so many of the legislators didn't really respond. So I think we can probably expect a fight on that Sweeney. Also said he thinks there needs to be more money for nj transit in the budget. I think we need to remember that we need. You know, I'm sorry. So Murphy and the governor was not reasoning jersey he'd never held elected office before. And he made a lotta mistakes in his first year, the main one he didn't really form relationships with the legislative leaders. And even though they're all all three of them are Democrats, but that hurt him. And I think he's sort of trying to write that ship Murphy's budget includes sixty million dollars the state would take in from recreational marijuana sales. Karen, but these negotiations to legalize marijuana have been going on for more than a year. So to governor Murphy address, the state of those negotiations in the speech. He didn't talk a lot about the negotiations. But he did say that he's not going to sign a Bill unless appeals with expunge moments. And so that's something. That's civil rights leaders have been pushing for they wanna see a Bill that expunges the records of people who have been arrested in the past for marijuana possession and selling if those things become in fact legal in New Jersey. All right WNYC's, New Jersey reporter, Karen rouse from Trenton, Karen, thank you so much. Thanks, Jamie in the new HBO documentary, leaving Neverland two men, James safe, Chuck and Wade Robson discuss in graphic detail the alleged sexual abuse they say late pop star. Michael Jackson inflicted upon them. For years Jackson has always denied the allegations. And the Jackson estate is suing HBO for airing the documentary, but the film has left many viewers wrestling with Michael Jackson's legacy as well as how he drew children and their families into his orbit. Here was director, Dan Reed, speaking with all things considered. I think people completely their ability to think critically, and that goes James and Wade's mothers to they would dazzle. Starstruck Robson and save Chuck mother's address their responsibility directly in the film and said, well, I have to take some of the blame for this. I am your mother, and I didn't I didn't.
"thirty eight billion dollars" Discussed on Bloomberg Radio New York
"Thirty eight billion dollars into the system and its first ever targeted operation. The Bank is offering a one year facility at a yield of three point one five percent. A discount of fifteen basis points to the rate. It's an attempt to encourage lending to small business and ease cash demand ahead of the spring festival. Grounded in Washington Secretary of state, Mike Pompeo delivered a tub. Thumping? Video message to the World Economic Forum in Davos, he spoke of disruptive views spreading around the globe, touted renewed US economic strength and claimed a string of foreign policy successes. President Trump commented on his absence from the event tweeting he was criticized for attending last year an attack now for staying away. You all know this new Windsor blowing across the world the central question is this do they signal Fairweather or for shadow a storm? Is this a pattern of disruption a force for good? Or not. At argue that this disruption is a positive development. Theresa May as being warned of increasing disquiet in her conservative party. But members worried that her government is sleep walking towards a hard Brexit, Tuesday's cabinet meeting her to call for Tory rebels to be threatened with. No Brexit at all. While other ministers set a no deal outcome. Should stay on the table, Brussels. Meanwhile, said Theresa May should simply say what she wants. We continue to follow very closely the ongoing commentary debate in the UK, we urge the United Kingdom to cloudy fights intentions as soon as possible. At this stage would have nothing new to save from Brussels. Because there is nothing new from London. There are signs of a solution to the shutdown in Washington with Senate leaders agreeing to allow votes on rival ways of reopening. The government lawmakers will vote Thursday on democratic plan that would fund agencies until February the a and also on President Trump's proposal that includes funding for his border wall. Democratic plan has already been approved in the house. Global news twenty four hours a day on air and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Deborah mount. This bloomberg. Scumbags. Our.
"thirty eight billion dollars" Discussed on KSFO-AM
"I went in two thousand fifteen fourteen billion dollars a year. Now, we have thirty eight billion dollars market cap is called the easy. And I went casper beating Chicago. And I said you have to bring manufacturing onshore into corps is that about supporters the core of Adidas Chicago core a miracle miracle we have to make America. The boss. Thing maybe a billionaire. Million dollars walking away from that deal. It was more important for me to take care of you. And a half, no fathers in Chicago with no honing kind of sit there and shudder when con let's loose here. When you gotta have the whatever's to go, but what he's talking about here. You gave. Yeah. I think I know what he's talking about. You don't you? Don't you don't what he's saying here? Okay. Okay. Well, here here's he said, you gave me the heart to go to Adidas. When I went in. We're a fourteen billion dollar company losing to billionaire meeting. He invested in it. Now Adidas because Trump advised him to go to Adidas. Now. It's a thirty eight billion dollar market cap a meeting, and he told the Dita's they got to bring manufacturing back to America. Following Trump's initiative, you told Adidas you want me in we got a manufacturer in America. So bring it to Chicago. That's the core of middle America. We have to make middle America strong. And he says I could have lost two hundred billion dollars walking away from this. I could have lost those two hundred billion. I know con- you had that kind of money that you'd be wealthier than than bistros. I think he's talking about. Okay. That one. I don't know what he's saying. I'm not even gonna try to tell you how he lost two hundred bucks. He's basically trying to say that Trump's advice helped him save a Dita's by bringing Dita's manufacturing onshore and took them from a net loss to a net positive of thirty eight billion dollar market cap. Then he says, which I'm sure that you'll have no trouble understanding bipolar disorder. Connect you with a neuro psychologists that worked with the athletes the NFL. Drops. I had a seventy five percentile of all human beings. Whether it was counting eight number. We're gonna work ninety eight percent Freud. He said that I actually was bipolar. I had sleep deprivation which would cost ten to twenty years from now. I wouldn't even remember my Sunday. So do you understand that he say some shrink told him? He was bipolar and the shrink was wrong. And they looked into his brain. And they found out that he has a very high IQ. He's up there with tesla. And he's up there with Arnstein. To see these attest Freud nine tesla and Freud, and then they told him that he wasn't bipolar. He had sleep deprivation. And that was gonna cause dementia. So he got all that fixed. I I don't know sleep deprivation, maybe it was sleep apnea. Who knows what the what that was a Trump was just sitting there with his arms folded. I don't know Trump was smiling. While while all this was going on. I'll tell you one thing. One thing this was not screened this, obviously, nobody knew what was going to happen here. They roll the dice on this. Agree with that. Okay. Here's a now Hicks talking that. They they mocked him on Saturday Night Live. They made fun of him. Kanye on Saturday Night Live on it constantly do Trump tonight. He's talking about Saturday Night Live and Trump Saturday Night Live improve on the liberals improve on if he don't look good. We don't look good. This is our president. He has to beat.
"thirty eight billion dollars" Discussed on WCBM 680 AM
"Chicago. And I say you have to bring manufacturing onshore into corps. The core of Edith Chicago core. America's draw. Boss. This thing maybe ability. Million dollars walking away from that deal. It was more work for me to take the cancer. And a half. No fathers in Chicago with no. Kinda sit there and shudder. When Kanye let's Lewis here. Would you gotta have the whatevers? What are you talking about here? You gave. Yeah. I think I know what he's talking about. You don't you? Don't you? Don't know what he's saying here. Okay. Okay. What? Here. Here's he said, you gave me the heart to go to Adidas. When I went in. We're a fourteen billion dollar company losing to billionaire meeting. He invested in it. Now Adidas because Trump advised him to go to Adidas. Now. It's a thirty eight billion dollar market cap Atta meeting, and he told the Dita's this. They got to bring manufacturing back to America. Following Trump's initiative told Adidas you want me in we got a manufacturer in America. So bring it to Chicago. That's the core of middle America. We have to make middle America strong. And I could have lost two hundred billion dollars walking away from this. I could lost that those two hundred billion. I'd con- you had that kind of money. Be wealthier than than visas. I think he's talking about. Okay. That one. I don't know what I'm not even gonna try to tell you how he lost. He's basically trying to say that Trump's advice helped him save a devious by bringing Vitas manufacturing on shore and took them from a net loss to a net positive thirty eight billion dollar market cap. Then he says, which I'm sure that you'll have no trouble understanding bipolar diagnosed with five disorder connected with a neuro psychologists that works with the athletes. The NBA. Head drops some ninety eight test. I had a seventy five percents of all human beings. Whether it was counting eight number. We're gonna work with that. God was ninety eight percent Freud. He said actually was bipolar. I sleep deprivation which could cost ten to twenty years from now. I wouldn't even remember my Sunday. So you understand that? Some shrink told him. He was bipolar and the shrink was wrong. And they looked into his brain. And they found out that he has a very high IQ. He's up there with tesla. And he's up there with Einstein. Does he these tests Freud not nine tesla and Freud, and then they told him that he wasn't bipolar. He had sleep deprivation. And that was going to cause dementia. So he got all that fixed. I I don't know sleep deprivation, maybe it was sleep apnea. Who knows what what that was a Trump was sitting there with his arms folded. I don't know Trump was smiling. While while all this was going on. I'll tell you one thing. One thing this was not screened this, obviously, nobody knew what was going to happen here. They roll the dice on this. Are you agree with that? Okay. Here's now Hicks talking. They mocked him on Saturday Night Live. They made fun of him. Kanye on Saturday Night Live on it constantly do Trump tonight. He's talking about Saturday Night Live and Trump Saturday Night Live on the liberals improve on his if he don't look good. We don't look good. This is our president. He has to beat a freshest highest.
"thirty eight billion dollars" Discussed on KMOX News Radio 1120
"And I said you have to rein manufacturing on shore into the core. The core of Chicago core a middle miracle, America's boss. This thing maybe ability. Walking away from that deal. It was more to. You know fathers in Chicago. Kinda sit there and shudder when Konya lets loose here when you gotta have the whatever's to go, but what what are you talking about here? You gave. Yeah. I think I know what he's talking about. You don't you? Don't you don't what he's saying here? Okay. Okay. Here's he said, you gave me the heart to go to a Dita's when I went in. We're a fourteen billion dollar company losing to billionaire, meaning he invested in it. Now Adidas because Trump advised him to go to now, it's a thirty eight billion dollar market cap Adam meeting, and he told the Dita's they got to bring manufacturing back to America. Following Trump's initiative. Retold Adidas you want me in. We got a manufacturer in America. So bring it to Chicago. That's the core of middle America. We have to make middle America strong. And I couldn't lost two hundred billion dollars walking away from this. I could lost that those two hundred billion. I know you had that kind of money that you'd be wealthier than than visas. I think he's talking about. Okay. That one I don't know what I'm not even going to try to could lost two hundred billion. He's basically trying to say that Trump's advice helped him save. Adidas by bringing Vitas manufacturing on shore and took them from a net loss to a net positive of thirty eight billion dollar market cap. Then he says, which I'm sure that you'll have no trouble understanding, bipolar diagnosis. Holy disorder connected. With a neuro psychologists that worked with the athletes in the NFL. Ninety eight. I had a seventy five percents of all human beings. It was counting eight number. Doc, we're gonna work with that one ninety eight percent Freud. He said that I actually was bipolar. I had sleep deprivation which would cost ten to twenty years from now, I wouldn't even remember my son's day. So do you understand that some shrink told him? He was bipolar and the shrink was wrong. And they looked into his brain. And a found out that he has a very high IQ. He's up there with tesla. And he's up there with I'm Stein. To see these attest Freud, not nine tesla and Freud, and then they told him that he wasn't bipolar. He had sleep deprivation. And that was gonna cause dementia. So he got all that fixed. I I dunno sleep deprivation, maybe it would sleep apnea who knows what the what that was a Trump was just sitting there with his arms folded. No, no Trump was smiling. While while all this was going on. I'll tell you one thing. One thing this was not screened this. Obviously, nobody knew what was going to happen here. They roll the dice on this. Would you agree with that? Okay. Here's an Hicks talking that they they mocked him on Saturday Night Live. They made fun of him Kanye on Saturday Night Live and a constantly do Trump tonight. He's talking about Saturday Night Live and Trump need Saturday night. Live prove on the liberals improve on his if he don't look good. We don't look good. This is our president. He has to beat the freshest highest.
"thirty eight billion dollars" Discussed on Newsradio 970 WFLA
"Sitting there in shudder. When Kanye let's loose here. Would you gotta have the whatever's to go. But what what he's talking about here. You gave. Yeah. I think I know what he's talking about. You don't you? Don't you? Don't. Did you say here? Okay. Okay. What? Here. Here's he said, you gave me the heart to go to Adidas. When I went in where a fourteen billion dollar company losing to billionaire meeting. He invested in it. Now Adidas because Trump advised him to go to a Dita's. Now, it's a thirty eight billion dollar market cap Adam meeting, and he told the Dita's they got to bring manufacturing back to America. Following Trump's initiative. He told Adidas you want me in. We got a manufacturer in America. So bring it to Chicago. That's the core of middle America. We have to make middle America strong. And I could have lost two hundred billion dollars walking away from this. I could lost that those two hundred billion. I know con- you had that kind of money making that he'd be wealthier than than visas. I think he's talking about. Okay. That one. I don't know what he's saying. I'm not gonna try to tell you what how he lost two hundred billion. But he's basically trying to save at Trump's advice helped him save. Adidas by bringing Vitas manufacturing on shore and took them from a net loss to a net positive of thirty eight billion dollar market cap. Then he says, which I'm sure that you'll have no trouble. Understanding bipolar disorder.
"thirty eight billion dollars" Discussed on KNST AM 790
"Only the president gets inaugurated lady on January third. I don't even know what date the twentieth. That's for the president. Yes. But the president gets inaugurated members of congress are sworn in members of congress do not sign bills. They create legislation the president signs the bills people are going to vote for this. Moron. She every interview. She has remember the interviews. We played where they're like even Jake tapper like how you're gonna pay for your thirty eight billion dollar healthcare for all. What are you gonna do? What are you gonna do? Are you going to do this? And she doesn't ever answer the question. And he was like, I guess you're not going to answer the question. I don't play. I don't spend two minutes on that. I just I just don't I just want to do that. It's. It it doesn't mean we have a whole so many of these play that one doesn't capture socialist-era. Go ahead. I come at it from a very pragmatic ones. I didn't read a book when I know. I guess I'm a socialist. Like was like, okay. Well, I believe in healthcare for all I believe in education for all I believe in in housing as a human rights, and then if people are going to call me, a socialist, I believe in those things like all right communist, I don't give a damn. As I work in Venezuela now workout well, Cuba's communist, but. How's that working out healthcare for all in Venezuela's? They're starving. Eating dogs that are just on the street who were starving themselves. So I'm done with that stuff. So there's a Alexandra Cortes, so listen, if this Brad Kavanagh story was really going the way the dams and the media wanted it. They wouldn't have changed the story that he is a sex freak and drugged women and raped them and stuff like that to his temperament is something I need to question when most Americans have a clear heading would say, yeah, I'd be mad too. If I was called and accused of being a rapist like I'd be. I'd be mad about that. I'd be very mad being dragged through the mud and having my kids and wife and everybody having to deal with this stuff based on no credibility. No, no witness nothing. No, nothing. No corroboration. What's nice that Jeff flake is helping them along with? Yeah. Exactly joe. He's such a tool bag. So it's now it's now shifted to that the temperament we played sound soundbites in the morning. I have more of them. If it was going, so well, why would the New York Times put out a story yesterday that apparently Trump cheat on taxes? I can't even tell it involves his dad, I'll get you some of the story, but for all of a sudden attack Trump usually they wait till Monday. Like every week. It's a new thing they try to attack him on. All of a sudden this story comes out and on CNN MSNBC. The narrative changes the focus changes from cavenaugh being the worst person ever to crap. I guess we have no chance it looks like he's gonna get confirmed. It looks like we're losing this argument. We can't convince people they don't believe our lies. So you know, what let's move onto the next thing. Trump cheated and taxes. Things were going so well to make sure Cavanaugh was never confirmed. They would have held onto the story till next week. But they didn't. This story is Trump engaged in suspect tax schemes as he reaped riches from his father. What what here's some of the story. President Trump participated in dubious tax schemes during the nineteen ninety s including instances of outright fraud. That greatly increased the fortune. He received from his parents an investigation by the New York Times is found. Well, you know, if it's the time it's got to be true. Right. You have that it says here, but the times investigation based on a vast trove of confidential tax returns and financial records reveals Mr. Trump received the equivalent today of at least four hundred thirteen million dollars from his father's real estate empire starting when he was a toddler continuing to this day while the records do not include the president's personal tax returns. Because that's what it seemed president is tax turns ready cheated and reveal little about his recent business dealings at home and abroad, dozens of corporate partnership and trust tax returns offer the first public accounting of the income he received for decades from various family enterprises. So he got money. His dad worked with tax professionals to make sure he can keep more of his money than the government wanted the government to take you want to keep more of it who does want to keep more of their own money. But just hang on in the story is a link MRs from CNN dot com link from Charles j harder a lawyer for President Trump who declared the stories allegations are a hundred percent false highly defamatory extremely inaccurate. And he warned the times. The times locations it to substantial liability and damages for defamation. Let me also tell you this guy the same lawyer last year. 2017 won a multimillion dollar settlement obtained full retraction apology for Melania. Trump in a libel action suit against the Daily Mail. So he got two point nine million from Alania for false stories. And he's like what times I'm coming. After you this statement to the times from this lawyer, the New York Times allegations of fraud and tax evasion on one hundred percent false and highly defamatory there was no fraud or tax evasion. By anyone wouldn't they be in cuffs by now or paying a fine? Anyway, the facts upon which the times base, it's false allegations. Are extremely inaccurate all estate matters were handled by licensed attorneys, licensed CPA's and licensed real estate appraisers who followed all laws and rules strictly all matters were filed with the IRS in New York taxing authorities the returns and tax positions at the times. No attacks were examined in real time by relevant taxing authorities. The taxing authorities requested a few minor adjustments which were made and then fully approved all of the tax filings. These matters have now been closed for more than a decade. President Trump had virtually no evolvement whatsoever with these matters the affairs. We're handle by other Trump family members who were not experts themselves and therefore relied entirely upon the aforementioned. Licensed professionals to ensure full compliance with the law should the time state or imply that President Trump participated in fraud tax evasion rating over crime, it'll be exposing yourself to substantial liability and damages for defamation. Boom drop the mic out. And what of course, the times doesn't understand besides this is that Americans. Just don't give a crap. We're like, you know, what if he if he was if somebody did something illegal charge them? See what happens? Right. That's it. But you know, what Americans are thinking right now. Yeah, I'm sick of the government taking my money they wasted. And you know, what what impact on me? And how is Trump hypocritical? And why would all he wants to do is lower taxes? He wants to take less from us. You know, what I'm happy about the fact that I'm actually making more money in their more jobs in the economy is booming. The fed reserve chairman said the economy is like too good to be true right now. It's going so well. People don't care about this only the haters. That's it just the haters on wood. And my my digital Mike listening on the IRA do happen. Chicago corrected me the text. I believe you mean, the failing New York Times. That's right.
"thirty eight billion dollars" Discussed on C-SPAN Radio
"And they can stay on top of their expenses better because of tax reform this sets up people for good job it sets up people for good start in their career this is the kind of real lasting difference that tax reform is making in people's lives but the nfl cio going after house speaker paul ryan for declaring the tax reform is working union president richard trumka in a statement said quote he's right if a windfall for corporations funded by working families is his twisted idea of working pointing out that less than one percent of businesses have shared their tax cuts with their employees overall corporations quietly pocketing two hundred and thirty eight billion dollars while only offering a small fraction of the workers who make their profits possible that statement from the afl cio also on capitol hill another rally this from the democrats and here's leader nancy pelosi and in that further in that budget trillion medicaid cut half a trillion for medicare then they go on to take a couple of hundred billion dollars from food stairs hundred billion dollars from educations hurting our children and their future now sister simone talked about france beautiful pope francis i'll talk about pope benedict and pope benedict's i and cyclical called god is love he quotes his favorite sate saint augustine and in god is love the he quotes benedict an augusta is saying seventeen centuries ago seventeen hundred years ago saying that guston said any government that does not exist to promote justice is just a bunch of thieves seventeen centuries ago benedict goes on to say sometimes it's a challenge to define justice but in doing so we must be wear of the dazzling blindness of special interest money and power is that today is that today strategy so what we need what we need is the american people to know and that is what you are doing a drumbeat across america to say this is not about our values of budget is supposed to be a statement of our national what is important to us as a nation should be how.
"thirty eight billion dollars" Discussed on WLOB
"Federal tax management helpline that has been set up for you eight hundred two three three eight five forty stop the wage garnishments levies and tax liens now once you've qualified and enrolled the irs will stop all the collection activities against you these unique programs have been allocated to help the economy and significantly reduce or eliminate your tax burden the irs is currently accepting reduced settlements and other favorable programs you may qualify for substantial savings so get the help you need if you owe more than ten thousand taxes call for free information and to see if you qualify take down the number now for the federal tax management hotline eight hundred two three three eighty five forty that's eight hundred two three three eight hundred five forty eight hundred two three three eighty five forty opportunities present themselves every day herald opportunities that inverse forward opportunities to serve time in your community continuing their full time careers or education to help keep our nation safe at home around the globe explore your opportunities in the air force reserve go to af reserve dot com for more information this is an important announcement for all us taxpayers the irs has not been able to collect one hundred thirty eight billion dollars in back taxes so they have now empowered four private collection agencies to chase down delinquent tax payers unlike irs agents these debt collection agencies have free rein to call you they can track down delinquent tax payers and request payment in full of all taxes owed and they are not allowed to discuss offers of compromise these collection agencies work on commission earning up to twenty five percent of the delinquent debt which could lead to overly aggressive tactics at people's tax relief we believe the irs through these collection agencies are placing a bullseye on the backs of low income taxpayers and.
"thirty eight billion dollars" Discussed on Bloomberg Radio New York
"He managed thirty eight billion dollars that's one of the biggest hedge funds ever half of that money was outside money now he has about nine billion under management or less and less than a third of that money is outside money that tells you something that both he had poor performance and that clients withdrew their cash so he has several funds and he's not throwing in the towel quite yet i mean there's been a lot of speculation about when he's just going to say enough is enough i made my billions up's going to hang out now and may run family office there's less paperwork involved in that but it seems like he's hanging on but in the process he is returning outside capital and several of his funds is his gold fun in one of his credit funds and i believe it was the special situations fund and we believe in others as well the virginia during their is partly has to do with the fact that most of the money in those funds is own the reasoning behind it could be they say that they're refocusing the firm on merger arbitrage and distressed at strategies merger arbitrage is how he made his bread and butter there is the fact that if he has most of his money in those funds there could be other reasons why he wants to get rid of the outside money it could be some tax purposes to doing that there could be the fact that you do have less paperwork to you know if you do just get rid of outside money from that you you don't have to hear to all of the regulatory requirements that you normally do if you're managing outside money so i believe that we'll be getting more clarity on this as time goes on there does seem to be a reshift or refocusing at that firm you know where the chips lie we'll see soon flicker of life there is a flicker i am not sure if it's a dying flicker but it's definitely a flicker of their whole them they were raising money we saw them at a cap intro conference a few months ago so they are raising money they're not throwing in the towel but there seems to be a restructuring foot caccia thanks so much keep us posted on your reporting and great scoops this week ago that's caccia kaczynski.
"thirty eight billion dollars" Discussed on KTAR 92.3FM
"World's most trusted name in professional trader education just a kind of a finish the of mcdonald's in the last segment mcdonald's is borrowing all of this money to make their earnings per share look good understand it's not just them in a two year period ibm borrowed thirty four billion dollars back thirty eight billion dollars worth of stock now one time of that money went into rd when the property plant equipment capital expenditures anything to build the future of ibm not only that that money that thirty four billion dollars actually a whole 38 is gonna have to get paid back with interest out of future earnings so what we're doing as a country is we are eating our seed corn our companies are doing yet our government is doing it are doing it as individuals as a country right now we're sitting on seventy trillion dollars in debt i actually saw some stats today that social security medicare if you go to the new trustees report basit who what they're saying is that were fifty trillion dollars in the hole just on medicare and social security that's not counted into those debt numbers i just gave you if you look at the balance sheet of the country this is you me government the rest of it the promises that we've made that with all due respect we have no capacity to make good on were on the whole were two hundred trillion dollars that's ten years of everything that we make in this country right now and and there's no possibility that were good for those debts so you know sometimes we will say well then eldest no worry about it when it allcause bad to me it's a lot smarter to prepare for it and know what you're dealing with and what we're dealing with right now is a federal reserve that's in a box if they tell you that the economy is not getting better dan that's going to be bad for the economy because the economy is based on confidence and they've got to keep people's confidence high even if it's misplaced if they don't tell you that and you also ask questions like we'll do what if you guys been doing for the last eight nine years i mean we kind of hire you guys pay a bunch of money to fix the economy now as hayek described it this is the.
"thirty eight billion dollars" Discussed on WWL
"Zero percent rate biz that's all you can do with an reconciliation but a functional yes right and what that means is that they were able to uh rid themselves of about three hundred thirty eight billion dollars in cost so that they could get the gray necessary one of the three requirements to be able to pass his build a simple majority that's correct and it also complicate so sarwata of the distribution tables because there are many low and lowermiddle income individuals reclaiming um substantial tax benefits for purchasing insurance so uh joint committee on taxation in the cbo have to try to determine without a mandate how many people will still buy insurance and if we assume that fewer people will then fewer will take that credit it's still available you can still take it if you if you buy insurance but fewer people will right which is one reason why the distribution tables you see fewer benefits to low income individuals does the assumption is that some people will choose not to buy insurance that are buying and now which it's nothing most people would agree it's probably going to lead to the failure of the plan uh because it's the young folks that that there when they get premiums from them they're the healthiest and more likely than not the unhealthy are going to be left behind if a concern has always been the death spiral whatever you think of the aca there is sort of this threelegged stool and you knockout one leg and the concern is the entire thing loses ballan um we have some indication maybe it's not that severe because honestly i'm on a healthcare expert but in many ways the mandate has not worked all that effectively and we have not seen a death spiral yet but again i'm not a healthcare expert it certainly a concern a lot of people have right so let's talk about this notion that she brought up about sequester um on the medicare side not the medicaid side because a lot of people get them confused so w is that a reality eventually so sequestration has changed since it was first adopted isn't scaledback substantially so we no longer have the full sequestration rules that we did a.
"thirty eight billion dollars" Discussed on C-SPAN Radio
"Insurance save three hundred thirty eight billion dollars mike question mr cross for you is what is that three hundred thirty eight billion dollars going to pay for in the bill dole khor i think it's difficult to say to attribute that three hundred thirty billion is a pay four to any particular item but i've been arguably it pays for whatever it it it pays to cover up the other deficits in in the bill so increased k got what so what's what's the largest spilled the majority the money spent on this bills for dutch let's for corporations right as we understand it yes so you've got to figure that some of that three in thirty eight billion dollars is going to go to war tax cuts for corporations would stand to reason that the three hundred billion that's being taken away from american families to help them pay for health insurance is being used to pay for tax cuts to big companies as we learned yesterday these are some of the very same multinational corporations that are rewarded in this in this tax bill the tax breaks to shut down production and igf mansfield ohio in lima ohio in cincinnati ohio to move overseas set up production there back in the united states so that the beneficiaries of this provisional three in thirty eight billion are again going to be the same corp rations that are being rewarded for sending american jobs overseas now we know that according to cbo the spill again because of the provisions sir white spoken so well about the provisions that were slept in last night to unravel the affordable care act a bunch of us with taxpayer insurance will take insurance away from up to thirteen million americans had nothing to do with tax reform we now know this spill will cause according to cbo will cause.
"thirty eight billion dollars" Discussed on The Jason Stapleton Program
"That's always the gouge didn't do a rights never been done perfectly well know you want wanna know why hasn't been done perfectly well 'cause they can't socialism inevitably collapses into communism community share programmes eventually somebody doesn't want to share viciously somebody gets powerhungry and the central government ends up controlling everything and then communism collapses into tyranny this is this is the this is the course of every socialist fascist or communist nation on earth the matter how they started so you don't have to take my word for it that's the case just go read a history book understanding this and understanding the more centralised control the more state ism the fewer the the less the liberty the less wealthy less opportunity what should we be discussing instead of tax cuts we should be discussing reducing the size and scope of government not reducing the taxes the taxes are sensibly are simply a reflection of how much government control they have government dozen find a need for what it tax reduction doesn't tax for what it needs it finds a need for what it taxes that makes sense was a reagan quote that means that whatever the government takes from you it will figure out how to use and right now it uses about six hundred thirty eight billion dollars more every year than it takes from you and taxes now if you don't reduce the size of government and the functions that government does.