35 Burst results for "Twelve Billion Dollars"

"twelve billion dollars" Discussed on Snacks Daily

Snacks Daily

08:38 min | 1 year ago

"twelve billion dollars" Discussed on Snacks Daily

"This is this is jack and this is snack. Daily it is wednesday thursday september fifteen. I know what you're thinking. How is the saad saad coming. I still have understand grown in saratoga. New york growing today in vermont. You got self driving cars in need self growing lawns. This is the best one yet is a tv. Oh jack what's our first story today. Email newsletter legend nell chip just got acquired for twelve billion dollars. We're talking about the biggest bootstraps startup story. Ever in history of the world for our second story toast. They're getting a tasting menu. Are real nice right now. Because they're going public via. Here's thing about toast. They found.

The Ongoing Health Costs Associated With 9/11

Marketplace Morning Report with David Brancaccio

01:58 min | 1 year ago

The Ongoing Health Costs Associated With 9/11

"To federal funds established after the attacks of september eleven. Two thousand and one have paid around twelve billion dollars over the years. The money went to first responders. The families of those who died or people have gotten sick as a result of the terrorist carnage. Medical claims have been increasing in recent years. Many from people with cancer marketplace's samantha fields reports on the ongoing health costs connected to that day twenty years ago this weekend. Michael o'connell responded to the world trade center as a firefighter on nine eleven and spent the next few weeks working at ground zero five years later he got sick. I know the exact date. It was december thirty first. Two thousand six new year's eve. He went to bed that night filling healthy but when he woke up the next morning i literally had swollen limbs swollen ankles all my joints were inflamed by body kind of blew up to like twice the size. It was a pulmonologist figured out that he had a rare autoimmune disease called sarcoidosis that was attacking his skin and joints and told him he'd gotten it from breathing in toxins. The material that responders and survivors were exposed to when the towers collapsed was quite toxic. Dr michael crane treats a lot of nine eleven first responders through the world trade center health program clinic at mount sinai so huge huge burning buildings collapsing. Everything inside is burning and it collapses down into a pile and then an enormous. Dust cloud a lot of firefighters. Police officers and others at ground zero started getting sick almost immediately. I with what they called the world trade center cough then. Ptsd and depression. And eventually years later cancers this exposure has a really really long tail anyone who develops any kind of illness linked to nine eleven can get free healthcare through the world trade center health program but michael bearish a lawyer for nine eleven survivors says there are likely a lot of people dealing with nine eleven related health problems. Who don't know they're

Samantha Fields Michael O Connell Dr Michael Crane World Trade Center Health Prog World Trade Center Cancer Sarcoidosis Mount Sinai Ptsd Michael Bearish Depression
"twelve billion dollars" Discussed on Capital Allocators

Capital Allocators

02:06 min | 1 year ago

"twelve billion dollars" Discussed on Capital Allocators

"Hello i'm ted sightings and this is capital allocators. This show is an open exploration of the people and process behind capital allocation through conversations with the leaders. In the money game we learn how these holders of the keys to the kingdom allocate their time and their capital you can keep up to date by visiting capitol. Allocators dot com. My guest on. Today's show is jenny. Hiller the president and chief investment officer of brandy wine trust group where she manages twelve billion dollars a family endowments that are effectively permanent capital it well. Invested and managed. Jenny is nothing short of superstar. Cio she was the seventh guest on the show back in two thousand seventeen and that recording is replayed in the feed. Our second conversation gets a bit more in the weeds. Ungeni superb thought processes. We discuss a beginner's mind the deep dive aspect of brain wines research process using examples from affordable housing crypto and insurance. Kpi's for managers position sizing lessons learned in the manager evaluation process and how her thinking about teams and culture has evolved. Before we get going. I wanted to let you know that. We're enrolling the first cohort of capital allocators university alive online course that starts on september twenty first rahul mood gone. I put together a course to help. Train investment professionals on the skills. They need to succeed the most senior levels of their organizations. But that aren't typically taught an investment curriculum. We'll be joined by an all-star cast past guests on the show to help you learn foundational skills like time management and public. Speaking and value added ones like decision making an networking hop on the website and click university in the menu to learn more. Please enjoy my conversation with jenny. Heller jenny it is great to see you greatest.

brandy wine trust group Ungeni Hiller jenny Cio Jenny Kpi Heller jenny
"twelve billion dollars" Discussed on The Big Story

The Big Story

02:10 min | 1 year ago

"twelve billion dollars" Discussed on The Big Story

"You're listening to a frequency podcast network production. I would like you to think back to about this time. In two thousand eighteen we were two months away from legalized recreational marijuana and it seemed like the entire country was planning to get rich. Canada's pot industry's worth anywhere between four and twelve billion dollars the global market. We're told couldne worth as much as forty billion was. This is a very real industry. With with a real market. We are going to have dominant multinational companies and most likely several of those will be canadian cannabis companies where some of the hottest stocks on the market one of those rare investment opportunities. That goes mainstream among people who don't usually have a broker and if there was any worry back down it was about supply. Now think of the first few weeks after pot became legal. Do you remember the lineups. Outside the few physical stores that existed the ones that stretched around the block. People were wondering if growers could keep up with demand. Well let's just say that it turned out absolutely could in fact less than three years after pot became legal in this country. There are hundreds of millions of grams of marijuana going stale on shelves or being destroyed. Because they've gone bad. So if you were deep into the cannabis stocks back then. I hope you got out at the right time if you left her job for a cool new position at a weed company. I sincerely hope you're still there. But it's likely you are not what happened to this. Supposedly lucrative market what happened to the companies that bet so heavily on canadians buying their product. What happened to all those pot. Smokers that to this day have still never set foot in a legal retail store. How can one of the world's most popular substances be.

Canada
Reaction to Tesla's Q2 Earnings Report & Earnings Call

Tesla Daily: Tesla News & Analysis

02:09 min | 1 year ago

Reaction to Tesla's Q2 Earnings Report & Earnings Call

"We're here we just got tesla's cute cute. Twenty-one earnings report and shareholder letter and wow the results are phenomenal. I'm extremely impressed with what has been able to accomplish in the second quarter. Uh going to quickly go through. The financial results will look at a couple of takeaways from the shareholder letter as well and then we are going to segue into the earnings call. Afterwards of there'll be a different link for that down in the show notes but we'll get this out before then so right off the bat. Let's just look at some of the numbers here. Shift over to excel and we can see how tesla's actual compared to the analyst consensus as well as the numbers that was forecasting so deliveries. No surprise there came in right as we expected them to as they usually do automotive sales. tesla significant beat here versus what i was expecting in versus what analysts were expecting a three percent above my levels two percent above the analysts consensus that was driven by Better actual average selling prices because as you can see here regulatory credits which we talked about. In the preview i've consistently been forecasting those two high this time forecast them to her forecast tula previously. This time forecast them. too high. as at five hundred million deaths reported three hundred fifty four million meaning non automotive sales excluding regulatory credits was way way higher than what i had expected meaning average selling prices. Were much better than what. I had predicted Same thing here. With energy tussle beating my expectations by twenty six percent. Animals consensus by thirty nine percents Driven by just greater They say greater recognition of mega pack sales as quarter. Scroll down here. We can see that. A tesla over about one point three gigawatt hours of energy storage. A second highest ever. I and significantly up quarter over quarter about three times. What tesla did in key one. I'm quite a bit higher than my expectation as well as analyst consensus so that drove a beat on the energy line and then the service and other line that also came in ahead of analysts expectations. About right where i was. Forecasting it at So tesla delivering a pretty big beat about a four percent beat on the top line number there with about twelve billion dollars in revenue up ninety eight percent year over year

Tesla
"twelve billion dollars" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

04:48 min | 1 year ago

"twelve billion dollars" Discussed on Marketplace Morning Report with David Brancaccio

"This is the marketplace morning report from the bbc. World service. I victoria craig. Good morning tomatoes tomato. However you say it. The indian food delivery startup sought shares nearly double on the first day of trade in mumbai today. The company backed by china's aunt group has nearly seven million customers across five hundred cities. It's now valued at twelve billion dollars making it the first homegrown business to hit public markets with the so-called unicorn valuation of at least a billion dollars the bbc's mukherjee explains meadows splashy debut sets up expectations and challenges for other indian startups. There at t shirts with d'amato inked in white is of common site on indian roads as delivery executives right through city traffic with food orders delivery app. Zo motto is a household name. The company has become the first of major indian digital startups to go for an ipo. But since its launch. Zo motto is yet to make a profit now that the firm has gone public. The challenge will be to ensure profitability says research analyst got ronnie number of those for somatic should have illegal this year but in a mood of orders every time becker need seven percent. Your customer will not order frequently. If we're going to keep on giving this country i think that'll keep a big check in terms of how the proper visibility for a company. That's not the only challenge while somato bets. Big that growth claims danni has come at the cost of restaurant owners like him. Empty tables and rising losses forced to kneel to shot four of his five outlets. He says he's bleeding money because of the high commission rates as a matter of charges restaurants to list business on their portal so we have drastically shifted from delivering survival finding getting business directly through two days before so i opened the national restaurant association of india which claims to represent the interests of over five. Hundred thousand restaurants in the country reiterated their accusations against food aggregate. As like. D'amato saying they must be probed for anti-competitive practices as a matter refused to comment citing legality constraints linked to the ipo launch beyond the motto. Others like them have also seen an opportunity. During the pandemic startups in india raised over twelve billion dollars in the first half of this year alone. And it's this scope for growth that's driving other unicorns like mobile payments app. Atm and retail firm.

victoria craig bbc amato mumbai china ronnie national restaurant associatio danni india
"twelve billion dollars" Discussed on Baseball Tonight with Buster Olney

Baseball Tonight with Buster Olney

02:28 min | 1 year ago

"twelve billion dollars" Discussed on Baseball Tonight with Buster Olney

"The as proposed. They made this public in april regarding that water from ballpark at howard terminal site in In the port of oakland. The one billion dollars water for ballpark thirty five seats. Thirty five thousand. If the oakland city officials vote yes on that they could keep moving forward and hope to get final approval in the fall but a no vote which would constitute five out of the eight city officials. Say no to. it would mean that. Basically the as are done. And we heard this from rob manfred during the all-star break last week that this process is at the end. The as brass already visited vegas multiple times and a no vote would trigger other relocation sites whether it's portland whether it's nashville whether it's been couvert. Montreal you name you all the means there and it seems like the big sticking point at this moment is additional three hundred fifty two million dollars in infrastructure financing that the as now have to pay for and i don't like getting caught up into all the back and forth about this stuff But you would think that with a project that the stadium press a billion dollars. The entire thing is gonna cost twelve billion dollars. Three hundred fifty two million dollars. Relatively speaking does not seem like the kind of saying that should Hang in the balance. That would mean that. The as don't stay in oakland where they have such a passionate fan base. But that's exactly where we are right. Now buster yeah. And you're a resident of california so you know that this is not a time when a perfect time to be asking for twelve billion dollar project. That's for sure in one of the questions if If in fact they decide that they are going to try to move the franchise. The las vegas someplace else. What's going to happen with. The front office led by billy bean. Will that group go along with ownership in move onto the next challenge because at grew. Bobby's he's been so important keeping oakland team a competitive and relevant relevant over the last thirty years Tow we'll see a lot to come. Dodge giants played the first game of that. Four game series dodger stadium last night for the dodgers worst-case scenario giants jump all over him in the first inning. Tony johnstone winds up allowing three runs in three and a third innings. How aggressive you think. The dodgers ownership is gonna be upgrading seen before the trade deadline. I think it will be aggressive. And i think the indications that came over the off sleeper when they blew past that luxury tax threshold like no other team. I think.

howard terminal rob manfred oakland oakland city billy bean nashville Montreal portland vegas Dodge giants Tony johnstone california dodgers las vegas dodger stadium
"twelve billion dollars" Discussed on Squawk Pod

Squawk Pod

08:05 min | 1 year ago

"twelve billion dollars" Discussed on Squawk Pod

"Pond begins right. Now becky by in three two one. Good morning everybody. Welcome to squawk box here on cnbc. I'm becky quick. Along with joe kernan. Andrew is off today. President biden announcing that the white house has reached a deal on infrastructure with a bipartisan group of senators. We had a really good meeting. Answer your direct question. We have a deal and I think it's really important agreed that none of us scott what we always that we wanted. I clearly didn't all i want. They gave more than i think. Maybe there were climbed to give him the first base but this reminds me of the days we used to get an awful lot done up in the united states congress. We actually work. We've got five parks. Do bipartisan deals to compromise. The deal includes five hundred and seventy nine billion dollars in new spending of that one hundred. Nine billion goes to roads and bridges sixty six billion goes to passenger and freight rails forty-nine billions for pro public transportation Fifteen billion dollars will go to electric vehicle. Infrastructure and electric buses and transit and seventy three billion dollars will go towards the power grid. You've got sixty five billion dollars for broadband and another fifty five billion dollars for water infrastructure to pay for that. The proposal calls for the irs to increase enforcement to ensure that wealthy people pay the taxes that they already oh under the existing law it would also redirect unused state and local corona virus relief funds to infrastructure and proposes public private partnerships and bonds for the funding dug. Through some of this. There's things in there like the future. Five g spectrum sales. We're going to go with this s. pr sales. I saw that to the strategic petroleum reserve. Like we're going to sell it down to me. This looks like this was moving. A bunch of chairs jury rigged. It looks like a you know. He's gold. I would think some of these were things that were already maybe allocated for other resources or for the general budget so it didn't look like a bit of Kind of chicory. When you chicanery yes when you get through it. Senators back the framework including eleven republicans attempt ten democrats. They will probably need to win support from democratic leaders and win over the vast majority of the democratic caucus in order to get the sixty votes they need to pass this bill in the senate to keep the republicans on board. You can see. There's no tax increases anywhere really. And here's what the president says about. He said i didn't get everything i want. Bill what he really wants. This is what we could agree on a day but then he goes on to say if the other bill doesn't come to my desk containing the rest of the agenda. This is the only one that comes on. Not signing it. Only one comes to me. Not the only new comes me. I'm not signing him. And then we've talked about this earlier speaker pelosi at some similar comments and choose this blood. Make sure you understand this when people say well. I'm not gonna vote for this. Unless i see that there ain't going to be no a partisan bill unless we gonna have the reconciliation plain and simple so that the market is trading up on this. If this is a done deal and happening here stuff like that i. It makes me think it's not gonna really if it is happening. That's what i was thinking. We were going to talk about okay. The market more money so it's another trillion and love. It's love the five hundred seventy nine billion. When does it become. This is too okay. So let's do six trillion and they're also asking for six. Trent does the dow can go up another twenty percent on six trillion. Where's the difference between the one trillion that'll reserve raises rates. And forget but somewhere between one trillion. What we're doing six day someone's gonna sit up and take notice at some point and and it will be when the federal reserve sets up and take notice that the market will have to take notice because they'll be fine with it until the fed says it's going to get inflationary and we're gonna crack down with by raising rates porn with like keeps any stimulus taken positively with with interest rates the slow and you wonder about and then if there's an interesting piece if you re back that i i'm fascinated by mansion and his power right now and and the interplay between shumer jordi leader schumer and and mansion and they try. They're doing this this weird ritual where they wanna keep on each other's good side but there definitely are some disagreement so mansion bought a houseboat. Did you know the almost heaven. That's nice and it's more on the potomac when he got there in two thousand and ten so we invite senators and they all come and they have cocktails and who knows you know. It sounds fun. Are you implying. Monkey business no. No no no nothing. It's nice if senators politicians on both parties would have a couple of cocktails. They might do more. Bipartisan talking to each other once in a while. I haven't been doing much lately but for mansion to do. They need fifty. They need all fifty. They can't a single person on reconciliation and he said i'm not for the fifteen dollars minimum wage. I'm not for the twenty eight dollars. But then with the voting bill shoot. He wasn't for that schumer gave him one thing in an in an amendment and then he stayed on board and he stayed with the caucus so we were discussing this this morning. I'm shocked there's really taking place here. And everything they say is a bar. Horse-trading it's horse-trading so that they can so that they can make their constituents happy and that we talked directly with josh gottheimer. Yesterday i asked him about that. Can they buy your vote if they put the salt deductions in this. Can they buy your. I said it in that language. I didn't catch where it comes from. All politics are local because all these huge issues that we have if it comes down to something for in the house for their constituents by the way schumer. Pretty good of horse-trading nancy pelosi's pretty good horse-trading biden knows this. He was in the senate for a very long time. That's how deals get done. It's president twist break lot. We talked about this too. He wouldn't be the first weird president whispering last one. some we're thanks tended probably things. We don't even know that some of those weird things may not have been true nike soaring this morning company reported earnings of ninety three cents a share. This cracked analysts said expectations to fifty one cents He didn't carry a you know you to carry the one. I don't know all it was phenomenal. What they Revenue of twelve point three four billion dollars beat estimates of eleven billion and then the biggest market still north america sales more than doubled sales more than doubled the pandemic record five point four billion dollars. But even you'll see it some things even pre pandemic. They're up just an unbelievable amount italian a second but the company was selling more goods at full price relying less on markdowns digital sales up one hundred and fifty percent versus the same quarter in two thousand and nineteen so not last year but before the same court in two thousand nine nineteen one hundred fifty percent. So that's pre pandemic for your guidance of fifty billion dollars exceeded expectations by one point. Five billion dollars first time in the company's fifty year history. It's got a a a more than twelve billion dollar record quarter In in terms of revenue It doubled because everything was shut down so a lot of the stores in in in twenty. Twenty you know. It went from just about six billion dollars to twelve billion dollars. All those stores in the first quarter a year ago were still closed down. But now they've done a better job of reaching out to consumers directly and that's a huge change the that means more trouble for all of these retailers when when the brands themselves can reach out directly..

josh gottheimer six trillion Five billion dollars Nine billion five hundred fifty billion dollars twelve billion dollars fifteen dollars joe kernan forty-nine billions twenty eight dollars Andrew one trillion twenty percent Twenty nike four billion dollars Fifteen billion dollars fifty six
"twelve billion dollars" Discussed on WSJ What's News

WSJ What's News

04:16 min | 1 year ago

"twelve billion dollars" Discussed on WSJ What's News

"In florida. Emergency workers are searching for dozens of people who are still unaccounted for after a condo building partially collapsed early thursday in the miami area miami dade county mayor danielle levin kava spoke at a briefing. We did identify and declare a safe one hundred and two people and ninety nine. We still cannot account for some of whom may not have been in the building. A state of emergency has been declared four miami dade county earlier. President and biden pledged the federal government support. Fema is down there. Taking a look at what's needed and including from everything from the rest of those buildings had to be evacuated as well finding housing for those people making sure they have the capacity to both have a place to to shelter and food to eat and cetera officials said. It could take days or even a week to search the building. A process made more painstaking by the potential for additional collapse. You can keep up to date on wsj.com. The chairman of toshiba was ousted in a vote at the company's annual meeting the vote against the reelection of assam. Oh naga yama is. Seen as a milestone japanese shareholder activism the move came after an external report found that toshiba's executives worked with government officials to block proposals by foreign shareholders. Nakayama had previously defended his actions. Japan's ministry of economy said consulting with companies over potential national security risks. Wasn't unusual vice president. Kamala harris is set to visit the southern border today. According to the white house she'll be joined in el paso texas by homeland. Security secretary hundred my orcas. The visit comes amid a surge in the number of people attempting to enter the us. The total number of illegal border crossings. This year is on pace to hit a two decade high and in minneapolis former police officer. Derek chauvin is expected to be sentenced today for the murder of george. Floyd prosecutors are pushing for a thirty year sentence while the defense has argued for probation or a reduced sentence. In april shelvin was convicted on a number of charges in the killing of floyd who died after shelvin kneeled on his neck and back for more than nine minutes nike posted its highest quarterly sales in. Its fifty year history. Topping twelve billion dollars. It comes amid pent-up. Us consumer demand for sneakers and sportswear this spring. A clean bill of health for america's large banks after the federal reserve's stress tests. These tests look at the bank's ability to maintain strong capital levels in lending in the event of a severe recession london-based markets reporter. Anna hurt and stein joins me now. Good morning so what does this vote of confidence for. The banks mean for investors so some analysts are expecting this to be a great time for bank. Saux many have already rallied quite a bit this year. More than the five hundred and this news is expected to perform even higher. And what happened yesterday. Is that the fed said that it will lift all restrictions on dividends on share buybacks. After june thirtieth. So let's really coming up lesson where they put these in place to essentially considered capital during a pandemic so this means that they really see the bank said in a good place healthwise and how did the markets react. Yesterday we saw a pretty good day. I mean goldman close up over two percents wells fargo nearly three percent so it was a good day. There's a market reaction alright and stein in london. Thanks so much anna. Thanks so much just ahead why working from home may be the new signing bonus. We'll discuss after the break in today's marketplace. There's nothing more important than creating easy and accessible experiences for customers but if you're a developer you know that creating those experiences isn't always as easy as it looks..

nike Nakayama Anna Derek chauvin thirty year florida twelve billion dollars yesterday anna minneapolis toshiba april fifty year london george one hundred Yesterday miami floyd After june thirtieth
"twelve billion dollars" Discussed on The Accidental Creative

The Accidental Creative

04:45 min | 1 year ago

"twelve billion dollars" Discussed on The Accidental Creative

"They're just little shifts that we can deploy it. of course. Each of them are backed with stories and tactics and research and such but the question so so the first one you brought up was called. follow the problem. We're all solution-oriented. We wanna solve the problem as quick as possible so when we see a problem. We often leaped to the first answer. And then become fixated on it. So you were like i and fixated and that may not be the best answer but because he then put on our tunnel vision. Blinders were unwilling to consider anything else. And so this principle fall in love with the problem rather than your solution is the notion of really connecting. What's the real problem that you're trying to solve and before prematurely solving it really studied the problem bave in the problem look at it from different lenses and having re keeping open minded that even if you find a solution that may show promise if you find a better one you don't care you don't mind discarding your solution because what you care about. The most is solving the problem in the best possible way that that notion of really deeply connecting to the problem asking tons of questions getting super curious about it is actually a more effective approach then again prematurely selecting your solution and then having sort of doggedness having just being overly committed to one particular way of solving it okay. How about them to which is start before you're ready yet so most of us wait. We wait for permission. We we wait for a directive. We wait until our game plan is perfect and the risk of this is that we wait so long. We missed the opportunity. Or don't start at all. Start before you ready is the notion of getting started whether it's an opportunity or a problem. You're trying to tackle getting started even knowing full. Well that you don't have all the answers knowing full. Well that your first attempts are going to be messy and probably look goofy but you get started and you find your way. So it's the notion of willing to be be be able to course correct and pivot and adapt and be agile as you proceed but getting going quickly. One of the people that i interviewed in the book is a guy named matt ish. Bia matt is Forty years old. And he's currently twelve billion dollars. Most people don't know of is not a household name. But matt told me i. He said it really. Let's imagine this. Let's say we both on opportunity at the same time and we both thought so. We don't we haven't figured it out. But let's say i get started today and you wait six months till you have feared perfect. You've lined up all your resources. Here's what's gonna happen day. One my first attempt is gonna look ridiculous and two. It's still going to be terrible but it's gonna be a little bit better and eight three. I'm gonna learn something a little bit better. And here's the deal..

matt twelve billion dollars today six months Bia matt matt ish Each One first attempt two both first answer eight first one Forty years old first attempts tons of questions three agile one particular way
"twelve billion dollars" Discussed on Bitcoin Audible

Bitcoin Audible

04:29 min | 1 year ago

"twelve billion dollars" Discussed on Bitcoin Audible

"Network successful disruption example. The most cited example of a successful network disruption was facebook bypassing my space as the leading social network in the united states my space was founded in mid two thousand and three it reached over one hundred million users at one point and in two thousand and seven hit a peak valuation of twelve billion dollars. It's evaluation quickly collapsed thereafter. Facebook was founded about six months later in early. Two thousand and four in a few years surpassed my space and went on to reach billions of monthly users and attain a peak valuation of about eight hundred billion dollars so far. They also acquired instagram whatsapp and other key. Networks which is now bringing some antitrust scrutiny despite some growing disapproval among governments and the public regarding how it tracks data were bai's of their networks facebook has so far survived multiple hashtag delete facebook campaigns and and continues to grow albeit with an older average age of users. Maybe one day it'll be broken up or stagnant but as of now it's seventeen years into its life and going pretty strong in the global sense one naturally wonders how facebook was able to surpass my space despite the head. Start that my space. Had there are several reasons that could be cited. But i've seen too particularly compelling explanations that both played a key role the first reason is that facebook began as a niche network and expanded from their facebook made users list their real names rather than being anonymous and kept network exclusive for university students. At first it rapidly achieved dominance in that niche from there it expanded to everyone to use an over. The top analogy kind of like how the invasion of normandy by the allied forces in nineteen forty four allowed them to gain a foothold and began disrupting. The western front of nazi held europe. Facebook's invasion of the college scene gave them a foothold to begin disrupting my spaces broader network. The second reason is that my space was slow to adopt to mobile use. While facebook was quick to my spaces. peak valuation was in two thousand and seven. This is the same year that the iphone came out. Beginning a wave of consumer mobile internet usage. that would disrupt many industries. Facebook's valuation was about the same as my space that year at fifteen billion dollars and continued exponentially increasing while my spaces valuation quickly collapsed. The social scene became the mobile scene and facebook was fully on board. Jeff booth a technology entrepreneur and author of the price of tomorrow as argued that facebook's mobile strategy was there 10x moment. The argument is that in order for an existing network to be disrupted. A new competitor must be tin better. Because the existing network gives the incumbent such large entrenched advantage. a new network. Can't just be a little bit better or even twice as good. It has to be an order of magnitude to convince a critical mass of participants to move to it. Facebook's combination of real names dominating the college scene and adopting quickly to smartphone proliferation.

Facebook iphone twelve billion dollars seventeen years facebook Jeff fifteen billion dollars seven instagram first reason two thousand second reason about eight hundred billion do three europe over one hundred million users both one point whatsapp united states
"twelve billion dollars" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

01:42 min | 1 year ago

"twelve billion dollars" Discussed on WSJ Tech News Briefing

"Yesterday the senate confirmed lena con to a seat on the federal trade commission. The thirty two year old columbia university professor has been a vocal critic of big tech companies and. She's advocated for sweeping changes to antitrust enforcement with her confirmation secured. President biden is designating her as ftc. Chair the post will allow her to pursue an aggressive antitrust and consumer protection agenda so for more on khan and how she could shape the ftc. Enjoy our legal affairs. Reporter brent kendall. Hey thanks for being here. Thanks for having me okay. So tell us about khan's background here. Where does she come from so she has been on the fast lane star track of the progressive movement in terms of antitrust which she was a reporter wrote pieces for different publications went to law school and wrote this law review article about amazon. The thesis which was that antitrust law just doesn't really work to restrain companies like amazon. And how they've built their business and so she kind of skyrocketed from there she's been a legal adviser for progressive group. That is advocated for a wholesale change in antitrust enforcement. She went and worked on the hill for this house antitrust subcommittee that did this big investigation of tech firms and was a big piece of that and this report the democratic staffer at the end of this investigation making all sorts of recommendations that that congress rain tech company and so this all comes at a time. You know we're sees risen up these ranks and then got this nomination for the ftc from president biden. Which will now put her in theory at least in a position to try to put some of her views into

amazon Brent kendall james rendel twelve billion dollars Pws joshua bach north america hundred thousand people federal trade commission last year khan billions of dollars president biden america both movies President biden twenty twenty six four accounting firms ftc
"twelve billion dollars" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

02:39 min | 1 year ago

"twelve billion dollars" Discussed on WSJ Tech News Briefing

"She's been a vocal critic of big tech companies and said companies like amazon. Might need to be broken up and khan was just confirmed as a commissioner at the federal trade commission and president biden is tapping her as ftc. Chair until you show our legal affairs reporter. Brent kendall will join us to explain how she could shape. The ftc going forward and what that could mean for tech companies. That's after these headlines. In recent years the big four accounting firms have invested billions of dollars in cloud based and other technologies. The latest pricewaterhouse coopers says plans to spend twelve billion dollars and higher hundred thousand people in areas like artificial intelligence and cybersecurity by twenty twenty six. Pws's us chairman says. The investments are aimed at better advising companies that are facing scrutiny on issues like privacy diversity and sustainability and video game studios are being targeted by hackers in recent months. We've seen hackers steal data as well as the source code for popular games and the libraries of code and game engines used to create them and rather than demanding payment in exchange for not publishing the source code. Hackers have instead threatened to auction it on the dark net our reporter james rendel says the trend highlights a challenge unique to the video game industry so perhaps from other sectors that we've seen in the news searches over gasol. The medical sector businesses pretty predicated on data coming in and ask the students the pow the games which makes it difficult to really track monitor that use using off the shelf tools. A lot of this stuff is bespoke. In addition the very nature of the most prized assets such as the source code such as the game engines are digital in nature. Which means that it's does get in. They can easily transfer outs. And then you have. The vast amounts of money that currently surrounds the video game industry as a whole last year. It's actually managed to produce revenue those greater than both movies and sports. In north america combined are coming up after the break. President biden is tapping a prominent critic of big tech to lead the ftc. So what could that mean for the tech giant extra. Don't miss the limited episode podcast series sustainably speaking featuring trail-blazing leaders discussing how to improve sustainability and address climate change through innovation. Join joshua bach from america's plastic meakers for these final discussions with policymakers academics and industry pioneers about partnerships and policies that support advancements to meet this.

amazon Brent kendall james rendel twelve billion dollars Pws joshua bach north america hundred thousand people federal trade commission last year khan billions of dollars president biden america both movies President biden twenty twenty six four accounting firms ftc
"twelve billion dollars" Discussed on RNZ: The Detail

RNZ: The Detail

08:09 min | 1 year ago

"twelve billion dollars" Discussed on RNZ: The Detail

"Each year around one in five museum experiences mental illness or significant industries. We have persistently high suicide rates particularly among young people and mari. The cost of the burden of serious mental illness including addiction is an estimated twelve billion dollars. Five percent of the country's gdp cura. I'm often the government maintains it's doing its best to respond to grind chrishell mental health services as new figures. Show a mess of crisis and referrals at many hospitals a huge increase. i guess. what's my schooling for. Me is hearing the government's off jews cliche. We're in conversation we're talking is essentially what he's saying when what struggling families in the mental health sector so desperately need is doing beckon twenty nineteen new zealand's government unveiled what it called its wellbeing budget which included a record one point nine billion dollars in total over the next five years for mental health but two years on a newsroom. Investigation into the state of inpatient units for people with the most significant mental health needs has reviewed a seek to staggering. Along on. it leaks to down the town. Christ church based journalist all of them louis on his five part series examining the peerless state of mental health units in new zealand. How have we allowed this crucial infrastructure to degrade to the point of. Some buildings roofs caving. In how much will it cost to. Bring it back up to speed. And is there a danger that in pumping more resource into the sita. We're investing a really fancy ambulance at the bottom of the cliff. Lewis hello up into as a male good to be with Speak to a former colleague and eight. Us leads talk about some establishing stuff. I get a reasonable understanding what we're talking about here so we talked about about. What mental health units is that how we going to describe them here and the broader. Since yes so i sit up to look at can of three subcategories of that. There's mental health units this forensic mental health units which typically people. We've got a connection to the criminal justice system and in his intellectual disability psychiatric unit of security people with an intellectual disability and potentially also into health disorder that simply yes mental health units is. The is the easiest way to think of what it means to healthiness like walk function. Are they mean to serve. What services do they provide so there is a little bit of disagreement about this one choice to talks. Gabriel gene can did it very extensive study of units out four years looking into them and she found offset entering a number of staff ends. There was disagreement about the purpose of these places. So staff primarily thought the purpose was to provide a safe place for someone in crisis. And so what that looks like as someone may be psychotic they maybe suicidal and they need to be put in a secure facility where they can be treated and stabilized using medication primarily on the other hand you got services as many of whom that they wanted. Kind of quiet therapeutic place like could go. If a response from mental distressed security was important to the was more of a rehabilitation or recovery role that they wanted to save from impatient unit which given the demands them and appreciate they. I really just more about stabilizing acutely unwell. People were getting back into the community. There's a couple different ways you can be admitted primarily actually most people Admitted under the mental health act. So that's a compulsory. Kim can Under the act and so that's concern relatives or other groups. People who think this person is arrest to themselves or others and they should be admitted to use but you also have voluntary admissions. People are really unwell and go to the emergency department basis there and it's thought that they are bad enough to warrant assailant impatient unit to recover or to be stabilized. We're talking about the most acutely unwell people so everything about me to health is a spectrum. This only i think it was about nine thousand five hundred people last year. Who got some form of impatient care. So that's a very very small number and the overall scheme of these eon health system so these people are acutely unwell the very very unwell when they're admitted who is there at mental health facility to healthy now who who provides the treatment typically. You've got your frontline into health noces that'd be the most prevalent staffing group a unit and then you also have people quotes occupational therapists who work with services and provide them some form of meaningful activities. Therapy will gardening stuff like that and then the other groups of the kind of clinical senior doctor. You've got psychiatrist. They are the people to prescribing treatment and prescribing medication. And occasionally if you've gotta while unit you'll have Psychologists attached to the unit as well. That was a lot re-re in new zealand. Previously people who were severely mentally unwell were treated at big institutional facilities often see me rural areas places like sunnyside hospital or cheery pham psychiatric hospital but approach of de institutionalization which built up a mean throughout the nineties. Moved away from this practice and more towards inpatient care small community based facilities. There are about fifty of these unit skated around the country. Twenty four of which were inspected and a health seat to stocktake and twenty nine. Let's stocktake revealed meaning of these facilities have degraded over the past couple of decades. Oliver lewis spoke to women who stayed at one of several units. It christ church's hill morton hospital. It's old. I think it was remodeled in two thousand. But it's an existing really all brick villa. And so she's talking about things like on the hating for instance in her room. There was no hazing. I was called necessa- blankets talking about kind of decrypted damage furniture and the woods felt to her more like a prison or holding cell than to the place of healing all all the experience for her and the environment at hill morton was. She found it to be very detrimental. I think all of them were described as You know the environment is poorly. Maintained and his rundown. That's what fence to three of the unit seat of oldham the read some mice. That was actually that. I thought was really Stock it was in the number of units around the country. Not just here morton. Wherever were these women issues. And i mean some of it reads like to kinsey in poetry like there was one line from the and speak to would describe a you know i think in There there is vitamin and mousetraps. Used full stop building lakes and i read that and thought. Okay that's Pats not what you'd want. If you're acutely unwell what other sorts of things that we saying gene rusev state of these of these buildings one of the big ones as they are with it anymore like studying into lake and he set to get damp patches. You get rotting within the building. I mean one of the ones in russia. Russia and this is apparently being fixed to the credit of the day. It's what leaders told me. At least was. There was a growth under the kitchen. Italy to this station and in the building and i mean that to me is unacceptable. Like you'll be providing healthcare and as i think the other young woman. I spoke to who received impatient kid. They doesn't market difference between physical health facilities and the ones used to help patients You kind of wonder why that is the a an you mentioned the zulia an assessment of health infrastructure and twenty nineteen and this included assessments of about half.

Oliver lewis two years russia new zealand Five percent Twenty four two thousand Gabriel nine billion dollars Lewis twenty nine last year five part Each year one line louis four years christ church twelve billion dollars five museum
"twelve billion dollars" Discussed on The Nicole Sandler Show

The Nicole Sandler Show

08:36 min | 1 year ago

"twelve billion dollars" Discussed on The Nicole Sandler Show

"And the progressive voices network. President biden arrived in europe on wednesday for the start of his first overseas trip. Since taking office he told american troops in the uk that the future of the world would hinge on restoring america's frayed ties with its european allies to the g seven the nato ministerial and then to meet with mr putin to let them know what i want him to know. And every point along the way we're going to make it clear that the united states is back and democracies of the world are standing together to tackle the toughest challenges and the issues that matter most to our future there were committed to lead with strength defending our values and delivery for people on thursday president biden meets with uk. Prime minister boris johnson. They're expected to talk about lifting travel restrictions between the two countries in place to stop the spread of covid nineteen. They're also expected to agree to a new atlantic charter. Updating the historic declaration made by fdr and winston churchill. a new pew research center global survey released. Thursday confirms president biden's assertion that the united states is back in the twelve countries surveyed both this year and last a median of seventy five percent of respondents expressed confidence in biden to quote. Do the right thing regarding world affairs. That's compared with seventeen percent for trump last year. Sixty two percent of respondents now have a favorable view of the united states is thirty. Four percent at the end of trump's presidency. The pew report reads the election of joe. Biden is president has led to a dramatic shift in america's international image. Another report was issued on wednesday. This one from the interior department's inspector general regarding the clearing of protesters from lafayette park on june. First of twenty twenty. Remember that well. This report found that police forced protesters out of the park next to the white house. So a contractor could install anti-scale security fencing not so that then president trump could walk to a nearby church for a stage photo op holding up a bible upside down. Oh by the way. The interior department's inspector general mark green blatt was appointed by the former guy. Donald trump. yeah of course of that. Report was immediately followed by one of trump's non twitter tweet styled statements which began. Thank you to the department of the interior inspector general for completely and totally exonerating the in the clearing lafayette park. Not so fast. Here's c. n. n.'s. Jim acosta. I was in the rose garden that day. When trump gave that speech. And said i'm going to go to this special place talking about the church and you could hear the park police and other federal forces dc police clearing that part. They were violently pummeling. Protesters teargassing protesters remember at the time. The white house was telling us. Oh we didn't use tear tear-gas the dc. Police were using tear-gas The other thing. That is not clear about all of this. Is you know what did the white house team no at this time. According to the inspector general's report they did not speak to senior white house officials. They did not speak to the secret service so the certainly raises more questions. And i have to say you know. When i read through this report it sounded as if this inspector general was auditioning to become the inspector general mar-a-lago because i mean this is almost a whitewash of what occurred on june first. These protesters were largely demonstrating peacefully. And we're violently clear from that park. It was just a huge blow to the first amendment. I think in this country. You can't have protesters pummeled by police officers. When they're trying to make a statement about racial justice in this country former white house counsel don mcgann testified behind closed doors last week before the house. Judiciary committee the transcript of that testimony was released on wednesday and it shed new light on the mola report judiciary committee chair. Jerry nadler said that mr mcgann provided the committee with substantial new evidence including firsthand accounts of trump's increasingly out of control behavior and insight into concerns that the former presidents conduct could expose both trump and mcgann to criminal liability in a statement. Nadler also wrote quote. Mr mcgann also confirmed that president trump lied when he denied the accuracy of the mullahs report and admitted that he was the source for a washington. Post report that confirmed trump's direction to mcgann to remove the special counsel moving on a big priority for us officials right now in the fight against covid. Nineteen is getting people both at home and abroad with that in mind. The biden administration announced plans to donate five hundred million doses of the pfizer vaccine worldwide. At the same time the us vaccination rate is slowing states are reporting that they have johnson and johnson vaccines set to expire before they'll get used and johnson and johnson and federal officials are looking at whether the shelf life can be extended or if those doses can be put to other use about two dozen states have now scaled back their daily tracking of covid nineteen data. Some experts called the move premature given the ongoing public health emergency and the risk of new variants. This was a long time coming. After years of stops and starts the keystone excel pipeline is officially dead the developer. Tc energy announced wednesday. That it is pulling the plug on the controversial project. After the biden administration revoked. Its permit in january. The pipeline which has been a political football for more than ten years would have carried oil from the tar sands of canada down into the us. The news comes as a disappointment for many in the oil and gas industry. But for environmentalists who have long argued the pipeline would worsen the climate crisis. It is a big and long awaited victory but talks between president biden and the republican senators regarding infrastructure collapsed. So a new group of bipartisan house. Members on wednesday unveiled a new one point five trillion dollar infrastructure plan with seven hundred sixty two billion dollars in new spending. It comes from the so-called problem solvers caucus. And they've said they've been in touch with another group of so-called centrist senators who were discussing their own plans but progressive democrat. Say it's time to work on passing an infrastructure package without republican support if necessary. I think it's necessary so yesterday. We told you about the propublica report on the nation's wealthiest paying virtually nothing in federal income tax. While today we turn to public citizen who also released a new report. This one called the price of zero and it shows that at least fifty five. Us corporations avoided paying any corporate income tax in twenty twenty on a combined pretax income of forty point five billion dollars the report notes quote had these companies paid a tax rate of twenty one percent the current federal rate they would've owed the federal government eight point five billion dollars not only did these companies not pay taxes but nearly all also got money back from the government receiving three point. Five billion dollars in tax rebates bringing the total twenty twenty tax giveaway for these fifty five companies to twelve billion dollars. According to data obtained from the center for responsive politics instead of paying taxes the companies invested a combined. Four hundred eight million dollars in lobbying and forty two million in campaign contributions over the past three election cycles. And that's just a bit of what's news for now. Nicole sampler if you appreciate these reports and then coal sandler show. I hope you'll consider making a contribution. My work is one hundred percent listener supported. And i can't do it without your help. Find out more. Nicole sandler dot com. Please click on that donate button..

trump Jerry nadler Nicole Donald trump twelve billion dollars europe Jim acosta seventeen percent Five billion dollars Four percent twenty one percent Thursday january Biden forty two million Nineteen five billion dollars twelve countries wednesday last year
"twelve billion dollars" Discussed on Pat Gray Unleashed

Pat Gray Unleashed

05:19 min | 1 year ago

"twelve billion dollars" Discussed on Pat Gray Unleashed

"What your house appraises for do it. this is a good time to do it. So many people have had their helms appraised and said i. I like the sound of that. Yeah going to buy you know some people would say well you take a loan against that What it's worth in you know. Put a pool in and do some do some remodeling. Because they where you're at but see these are the things say a good realtor from like. I dunno real estate agents. I trust dot com. That's where they would come in. Although committee looked lifting. Let's make your money we have for you and this house and then get this deeper house over here. You could do that. Yeah maybe maybe get a lot extra for your house and you paid for it and then pay cash for the next one. Wouldn't that be nice. Wouldn't that be awesome. Nice and you got know house paint. That would be nice but in texas you'd still have. What essentially is a house payment with property tax do. Yeah they do yes. They like quite a bit yeah No income tax okay. So let's charge eighty times. Would everybody else charges for property taxes. Okay that that works out really. Well triple eight nine hundred thirty three ninety-three also at pat unleashed on twitter. President biden setting the stage for reparations. He backs a number of components. He says of hr forty which is legislation. That would create a commission to examine and develop proposals for reparations for african americans. I get the impression right now that this is probably going to happen. Feels like it for the first time in history when we've when this has come up it's been outrageous shot down immediately and everybody says shut up. You're not gonna. you're not gonna hold people today accountable for what happened. A hundred and fifty hundred and sixty two hundred years ago and and give to. Who certainly are. Because we've gotten to that place now. Yeah yeah you are because it's your fault too and they have they done a great job of that yes they have making it. The current white people's problem that we actually are the ones who are still oppressing all minorities It's they've done a great job of again. Ising obama laid the groundwork and joe is carrying the torch and obama just admitted that the biden is finishing the job that he started which is what we've said for months now joe biden is just finishing the total transformation of america. It's chilling but jen psaki said that the president is supportive of the bills funding and proposed study which he feels would be the next important step forward and something that he feels would be absolutely corrected addressing this moment in history the bill includes authorization for the appropriation of twelve million dollars in order to carry out the provisions. So it's twelve billion dollars just for the commission. Alright not bad yeah. We don't i mean we spit at twelve million dollars. Nobody cares about twelve million dollars. Why why isn't it on one hundred and twenty million or one point two billion for that matter. political reported that biden met on tuesday with congressional black caucus members who raise the need for the bill. He didn't disagree. What we're doing said representative brenda lawrence of michigan. He did talk about his plate. Being full with trying to get the infrastructure bill passed and that he really wanted to make sure he could get that through before he took on anything else. Presidents largest concern regarding the legislation is getting it through the senate. Yeah that may be an issue might but then again it might not be the only way that it won't be as if joe manchin comes to a census in in mansion has actually come to a census on a few things and has fought the administration's efforts on a couple of issues Triple eight nine hundred thirty three ninety three now. All of a sudden the media is so concerned about the president's speech pattern. He slurring his words he seems to be in cognitive decline. Oh not this current president of course but the the previous in office donald j trump mazing as it absolutely incredible trump would had a speech the other day and the city slow and it's clear that dementia is setting in. You've been watching. This other guy had all here are some of the things that donald trump had to say in his speech that they're so concerned about polly's vicious they're violent. Wait what they in. Many cases hate our country positive for second. Okay so there. What did he say polly's is. Is he trying to say policy or run that back again. Let me see what he's saying here. Long said dip is vicious. Yeah they're biased. Their polly vicious.

donald trump donald j trump trump texas twelve billion dollars joe biden one hundred and twenty million joe manchin twelve million dollars tuesday brenda lawrence twitter jen psaki obama eighty times President biden first time today one point two billion
"twelve billion dollars" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

08:28 min | 1 year ago

"twelve billion dollars" Discussed on Heartland Newsfeed Radio Network

"Mayor of miami there. you know one one would imagine. It is doing rather well. But unfortunately that's not the case it's down to thirty six thousand one hundred sixty four and My favorite source is usual. Coin telegraph to price indicators suggested bitcoin has not bottomed yet and i like to be fair and fair and balanced of course so i look at You know pro. Bitcoin news anti bitcoin news. Bull- news bearish news and some barrington. Bearish news traders are using a variety of strategies to determine whether bitcoins prices bottoms but on chain activity derivatives data hands but the situation remains precarious. Mapping is predicting like a bottom of i think like absolute lowest before like me considering Considering putting rocks in my pocket and going out to the lake is twelve thousand Because that's like what. Like pay. Just going off vincent logic like if las time high was twenty thousand than next all time high was sixty thousand with increased by three and it was. It went up from twenty thousand down. I think like four thousand was the bottom for bitcoin. goes up to sixty thousand Figure you know. I mean if the bottom was a third of its value right or suit third If it would hold our fifth riot value than the bottom would be twelve thousand. so hopefully. that's not the case. hopefully you never talking about having a healthy bottom. Like twenty thousand or thirty thousand but we'll see has bitcoins prices bottomed yet according to a twitter user no shit coins derivatives and on chain data signal that ferber down search downside could be in store trader. Have been trying to time the much-anticipated trend reversal. Everson's bitcoin initiated. It's forty eight percent correction to thirty thousand dollars on. May twelve move culminated with twelve billion dollars worth of futures long Long positions being liquidated and to date trader confidence remains somewhat dampened. The i because people engage in all of this financial wizardry and stuff. I mean if you literally just bought you know if you lose his body and held onto it but it's like the best way to make you know to tab your bitcoin go up in value to make money off of instead of all these things like. Oh i'm gonna. I'm gonna pretend i'm going to gain a price because i saw his chart on bloomberg business and and you know you. Bitcoin is fickle. And it doesn't do what you were predicting it to do. And then you freak out and you demand you say how awful it is and you know and become a spreader of then. That's how it goes the community start looking everywhere for trend reversal signs including technical patterns. The us cpi inflation data in bitcoin. Exchange deposits for example some analysts have stated but a higher high followed by move above. Forty thousand would be enough. We need to make new hire high to confirm a local bottom reclaimed. Forty thousand in we can start talking about sustained move back to fifty thousand one abbots been difficult however two days later bitcoin managed to break forty thousand level of moved in last for more than six hours. Meanwhile traders inferred that a re-test of thirty thousand bottom is needed before a bounce. Bitcoin is forming. A descending broadening wedge. here it's bullish. But for two possible scenarios green breaking the resistance and maintain the uptrend red re-test the bottom of a wedge in bounced rivera although somewhat like you've probably heard the term like a dead cat bounce. Although in this case it's some i think we'll do calling is like a head and shoulders which You know theoretically. I think the bitcoin could go down. I mean obviously is very likely but it's a possibility that if it continues a head and shoulders pattern at bitcoin will go down to zero. But extremely unlikely likely over could be empirical evidence or even lodging backing goes statements market. Prices don't always react to external news or previous chart formations on stocks. Bitcoin investors can't rely on commonly used valuation multiples or even compare ables shore a digital store. Value is one is one use case but at the same time it is uncensored evil easily transferable her more some users value bitcoins peer to peer fiat convertibility outside of know your customer regulated exchanges. Oh oh we don't. We don't talk about those. It's no. Another factor to consider is the investors who are increasing their bitcoin portfolio to lack of correlation with traditional financial assets. This panacea of diverse and sometimes conflicting narrative creates barriers for modeling markets potential adopting status and even measuring the effectiveness of recent developments. Some will cheer for tesla and large companies building a bitcoin reserves while others couldn't care less about who's holding bitcoin and instead focus on the challenges of scale ability and fungibility skewed professional fear and greed indicator call options allow a buyer to acquire big win at a fixed price when the contract expires put options on the other hand provide insurance for buyers and protect against price drops whenever market makers in professional traders lean bullish field demand a higher premium on by option or call slash by options. This trend will cause a negative twenty five percent delta skew indicator on the other hand if downside protection is more costly skew indicator will become positive twenty five percent delta skew oscillating between a negative ten percent and a positive. Ten percent is usually deemed Neutral the balanced situation held until may sixteen as bitcoin loss be critical forty seven thousand dollars support which is held for seventy six days as the markets deteriorated. So did the twenty five percents skewed data indicator in the cost of protective option spiked. Therefore until he metric establishes a more neutral pattern nearer to five percent level is premature to call the market bottom active. Bitcoin supplies signals that. We can need to cool off. Oh yeah oh my god i. I just don't understand people who have such we. Can't they buy it at like forty thousand and then sell it when it's thirty six. It's like why didn't you would just not spend the money in the first place. You dick as traders also monitor. The number of bitcoin that have been active lately is indicator can't be deemed bullish bearish by itself as it does not provide information on how old be involved addresses. Are the five hundred percent price rally from october first. Twenty twenty sixty four thousand nine hundred dollars peak on april fourteen. Twenty twenty one caused a major supply increase in the supply moved. I'm having indigestion. A major increase in the supply moved in the months before borelli when metric presents a sharp decrease it's it indicates that investors are no longer interested in participating at the current level price level. Currently two point two million. Bitcoin active or overpass thirty days and visit significantly higher than levels seen before october. Twenty twenty as things currently stand traders should not be. Sova should not be so sure type over that bitcoin has bottomed at least until the market no longer has relevance activities running the sub forty thousand dollar level. Okay sorry if that pushes asleep. But i was interested in reading it. Let's see here Stock about okay. So keen is keen. Apparently is almost fully reopened. The mask mandates. The mass mandate lapsed june. I i believe and so now Taste of keen. Food fest marks grand opening for downtown join. Cannon is family. Don't eat out often. But when they do they typically make the trip too keen from her home all stead or whole family loves to eat in verse. Lots of good restaurants here in keene. Cannon said saturday afternoon during the first ever taste of keen festival. Adding that tie garden is a family favorite. You know all the time. I lived in keene out of a four years. I lived in keene. I never went to tie garden. Because it's like it just looks so fancy and like it has a glass Has like a glass front wall. So i i always felt uncomfortable. You've chicken tempera. Subsequent attendees golden triangle's.

twelve thousand sixty thousand Ten percent twenty thousand thirty thousand dollars five hundred percent october Cannon forty seven thousand dollars thirty thousand twelve billion dollars thirty days five percent Forty thousand april fourteen twenty five percent forty thousand saturday afternoon ten percent twitter
Discord jilts Microsoft

The Business of Esports

00:49 sec | 1 year ago

Discord jilts Microsoft

"According to the wall street journal. Discord is ending talks to sell itself to microsoft or any other company at this time in march. There were rumors that microsoft was attempting to buy the gaming chat firm for about ten billion bloomberg says discord reportedly rejected a twelve billion dollar offer from microsoft according to the publication sources. That are close to the matter. No surprise that these talks broke down in the context of recent gaming. Ipo's discord surely new worth a lot more than twelve billion dollars. It was my view that if microsoft got discord for ten billion or twelve billion it would go down as one of the best acquisitions of all time for them. I suspect dischord. We'll go the ipo route and likely command a twenty billion dollar plus valuation.

Microsoft Discord The Wall Street Journal Bloomberg IPO
"twelve billion dollars" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

07:51 min | 1 year ago

"twelve billion dollars" Discussed on Heartland Newsfeed Radio Network

"A quarter fully vaccinated. The white house wants to keep up the pace. Now offering business tax incentive to give employees paid time off to get the vaccine. They're also keeping up the pressure on congress to reform policing in america. Fox's rachel sutherland. has this live. Lisa price invited is calling on the senate to take up the house pass. George floyd justice and policing act. Press secretary jen. Psaki says the white house will work with republicans and democrats on the issue. Discussion with members of the congressional black caucus many of whom are playing important and prominent role in getting this legislation across the finish line. Sake says the president is not open to getting rid the filibuster at this point and that he is open to republican proposals. The president expected to talk about police reform during his joint address to congress next week. Lisa thanks rachel meantime. The white house says the president has been briefed on the police shooting of a black teenager in ohio. Yesterday calling it tragic bodycam footage already released it. Shows teen who the family has identified a sixteen year old mckey bryant pushing another girl to the ground and then with a knife in her right hand she lunges at a second girl and has are up against a car. Hand raised when the officer fires several shots. Other officers then try to give first aid but mckay died a short time later at the hospital fox has garrett tenny officials say the teen had been in foster care. The officer is now on administrative leave as the mayor of columbus urges calm while that investigation proceeds. There's been a rally on wall street. The dow the nasdaq and the s&p higher america is listening to fox news. Don't let the challenge of freedom mobile app stall your business. Building apps takes time special skills and a lot of money. Fortunately with sodhi snap you can unleash your inner developer by allowing you to build and deploy apps you don't need to be a software developer and you don't need a lot of money with sodhi snap. You can create apps up to ten times faster than traditional methods. Leverage sodas free at prototyping service visit saudi dot net slash fox for a free trial for fox news radio listeners. That's esotique dot net slash fox. More money for afghanistan secretary of state. Anthony blinken says the administration is working with congress to provide an additional three hundred million dollars in civilian aid to demonstrate enduring us support for the afghan people but a week after president biden announced a pullout of us troops by september. Eleventh peace talks have been called off. He's talked sold. Afganistan's future with you to be held this friday but the un says the meeting has been postponed until the time when there are better prospects for meaningful progress. The us had hoped the taliban and the afghan government could work on plans to share power after american forces leave but the taliban refused to sign on the militant group has so far declined to attend any summits until all foreign forces have pulled out in london. Simon owen fox news. Bill aimed at pushing back against on issues including human rights and economic competition is heading to the full senate after passing the committee with overwhelming. Bipartisan support after several hours of debates and amendments the us agriculture department is extending free school. Lunch plans into next year in the midst of a pandemic many of the plans to be stretched into june of twenty twenty to put an emphasis on social distancing is part of the service the meals covered will be breakfast lunch and afterschool snacks the usda believes more than twelve million kids currently live in homes. That may not have enough food. As the covid crisis has continued the current school nutrition programs. The agency says have provided up to three daily meals for some children and additional boost comes from president. Biden's american rescue plan which is putting twelve billion dollars toward nutrition initiatives. Fox's grenell scott checking that rally on wall street the dow's up about two hundred. Sixty points are mobile devices. Key to your business operations. There are many aspects you must manage device configuration and deployment development providing support when mobile device issues occur security analytics content distribution. And it all must be done remotely keeping track of everything. It's impossible right actually. It isn't the sodhi. One platform gives you total visibility into your entire fleet of mobile devices from a single pane of glass. Pull a map to see the exact location of your mobile fleet push apps to devices across town or around world with one click remotely view the screen of mobile devices to provide instant support monitor performance and access business intelligence to his mobile investment manager and support devices analyzed data even create apps in minutes with sodhi. You don't need siloed solutions to run your mobile ecosystem. Just one will do it. Visit sodhi dot net slash for a free trial for fox news radio listeners. That's s. o. T. i dot net slash fox. Here's a look at weather from the heartland news weather center wednesday a chance of showers otherwise increasing clouds with a high near forty nine wednesday night widespread forecast overnight otherwise mostly cloudy than gradually becoming mostly clear with low around thirty thursday sunny with a high near fifty five. That's the latest weather. Check out more news and weather on our website and harlem news dot com. It is wednesday on the program. You know that means things have changed in the world of wrestling last night and exceed you watch it very interesting very interesting week in terms of things to get angry about numbers run. Monday did find it and did well. Although it did have a massive third hour drop which it had a while but we'll go over those numbers in a while very interesting numbers are going to be the two members that come out this afternoon tomorrow afternoon. Last week was the first week. The w. t. aired on separate nights and i thought that inex- t was okay. Fine and i thought that's a awa was excellent and now we are on week two. How does it exte- do coming off last week's show. How does he w do coming off last week. Show now we went over the next t lineup yesterday and as always it was non existent and i don't think that bodes well for the nfl team. Number i would not be surprised if exceeded under eight hundred thousand viewers this week but we will find out an hour. I've been wrong before as wrong to mondays in way. Aws that was an excellent show. Can they do one. Point two million viewers again. They've got a full lineup for tonight's eight w that they've had for quite a while now. There's there's two theories of promotion one is the x t theory which is normally promote nothing and then promote a bunch of stuff on the last day the w. style of promotion is we have five segments announced during the show for next week and then over the course of the next week we add three or four more things so every day reminding people of something new. That's coming up but they already know a bunch of stuff that's coming up so they're excited.

Anthony blinken ohio Last week Lisa Sake last week september america rachel two members congress twelve billion dollars Monday yesterday london wednesday three hundred million dollars Sixty points third hour this week
"twelve billion dollars" Discussed on Bloomberg Radio New York - Recording Feed

Bloomberg Radio New York - Recording Feed

01:42 min | 2 years ago

"twelve billion dollars" Discussed on Bloomberg Radio New York - Recording Feed

"How long will it take for the economy to recover. How many of them have remained the job throughout this people are not going to be public transportation. Nobody knows you have received six hundred billion pounds in the uk but we can promise the most complete information and the most detailed analysis. The question is what kind of recovery will be do. Every twist and turn which he'd be wary of investment china at point bloomberg radio the bloomberg business app and bloombergradio dot com bloomberg. The world is listening before hours a day at bloomberg dot com bloomberg business and bloomberg tape. This is bloomberg radio. This is bloomberg markets with polls sweeney and matt miller lower for longer. We hear that from fed chairman. J powell one of the best ways to wash inflation is with the break. Even substantial downside of a biden administration is higher taxes. We gotta vaccinate the whole world breaking market news and insight from bloomberg experts can have a narrow slice of the country doing well and everybody else going poorly a more damaging break in the muck that we're looking at twenty twenty one early twenty twenty two. Were really feel four normal. This is bloomberg markets with bowl. Sweeney and met miller on bloomberg radio. Good friday morning from new york city and points beyond to our worldwide audience. Miller is off today sitting in. Is lisa abramowicz coming up. We're gonna take a look at these markets we will drive the conversation ford we're gonna chat with icon. Ceo dr steve. Color houston discussed the icon p. r. a health sciences deal. That's the largest healthcare transaction this year. Twelve billion dollars plus jim bianco president and founder bianca research..

jim bianco lisa abramowicz J powell uk miller six hundred billion pounds Twelve billion dollars today bianca Sweeney Miller this year bloomberg dot com one new york city hours a day bloomberg friday bloombergradio china
Suddenly, The MAX Is Boeings Good News

Aviation Week's Check 6 Podcast

05:22 min | 2 years ago

Suddenly, The MAX Is Boeings Good News

"On january the twenty. Seventh europe's jasa became the latest regulator to lift. Its flight ban on the boeing seven. Three seven max. If only the day had ended there but boeing still had report is full year earnings for twenty twenty and they weren't pretty. The company reported its largest annual loss. Ever nearly twelve billion dollars. It took a six point. Five billion dollar pretax charge on the triple seven x program and push that aircraft's first deliveries back another year too late. Twenty twenty three because of the need for late modification. To the aircraft's flight control system. Meanwhile quality issues forced boeing to pause deliveries of the seven eight seven and the cash. They bring in ironically the companies brightest news. Maybe the return to service of the max and ramp up of production and deliveries joining me to unpack. All of this are three. Aviation week editors guy. Norris who recently visited boeing triple seven x flight test program in seattle sean broaddrick who extensively about the max and seven eight seven and jens flottau the leader of our commercial aviation team guy. Let's start with you. Is it safe to say that you were fairly stunned by this news about the triple. Seven x after hearing from program leaders just a month ago that the certification effort was on track. Thanks joe stunned is probably pretty accurate word. I would say you know having been there. I was looking face to face with with the team. There was sitting in the flight deck and this is only a month just over a month ago. Really six weeks. Maybe through is not the faintest hints that this was coming down the track. I certainly got the feeling that we wasn't just as i was stunned by this. I got a feeling that a lot. Of the even the company boeing themselves. Let's just get the feeling this really come out of left field a little bit so just to put people in perspective. We don't actually at this as we're recording this podcast. We don't yet know the some of the specifics involved and we don't also know whether The ramifications of whatever's happening with this modification how it will impact the timing of the proposed beginning of the certification flight test program now just to remind our listeners. This was due to happen Virtually any day now under the schedule that we were talking about in december. Where the faa what grant type inspection authorisation to boeing to begin building credit towards certification with flight testing. Remember the aircraft has been flying for a year. now was four in the flight. Test program So you know the the the verge now getting to that point that would mark the final brolin towards certification and entered service. So just now twenty four hours ago. All of that changed. We don't know yet whether the tiaa started that stopped or delayed we're presuming it probably well but at this moment we don't know so anyway. What's going on. Well we know that Boeing is basically saying what Dave calhoun boeing. Ceo said yesterday was essentially that There's to be some modifications to the actuation system of the flight. Control system particularly. He said firmware and hardware changes to the actuator control electronics. And he said that reflected our current judgement of global regulators compliance expectations. So does that actually mean well Digging a little bit deeper we understand that somebody has raised concerns about the potential for single points of failure in the in the in the flight control system. We're not sure if it means changes to the flight control electronics unit which actually manages the surface actuators through a series of remote electronic units or whether it actually applies to the physical actuators themselves as far as we know the all commonly provided by the same company japan. So anyway that's in a nutshell where we are with with what we know so far and i think it's pretty fair to say guy that they wouldn't have had you out there for all those extensive briefings if they knew things were going to turn south. So this obviously was a big surprise to boeing as well. Yeah absolutely joe. i think you know. Let's not be fooled here. Companies like to sometimes keep things to themselves when it suits them of course But i think in this era of trend you know. They're trying to be more transparent and i literally. I don't think anybody at the time of our meeting. Saw this coming down the track so very disturbing of course for them. The only thing is no. No yen's is going to speak to this a little bit more in a second. But you know looking. They've also indicated oversee. The impact of covid continues. This is built into their new expectation of deliveries. Now by the end of twenty three. And you know quite frankly They've been talking to the customers as well about as and and we should say that. So so they so they know that you know the market itself is not really ready to take this aircraft

Boeing Seventh Europe Sean Broaddrick Jens Flottau Dave Calhoun Norris JOE Seattle Brolin FAA CEO Japan
Apple reportedly steps up effort to build Google search alternative

Mac OS Ken

07:15 min | 2 years ago

Apple reportedly steps up effort to build Google search alternative

"Financial times ran a piece saying that apple is working on an alternative to Google search an interesting story. It's an interesting idea. According to the paper apple is stepping up efforts to develop its own search technology as us anti-trust authorities threatened multibillion dollar payments multibillion dollar payments. Google makes secure prime placement of its engine on the iphone already. There's so much about this story that's fascinating to me. It looks like first of all apple. Search engine is already running. Although it's not really a search engine exactly. The financial times says when people type in request for info from the home screen in iowa. Fourteen apple has started showing its own search results looking directly to websites rather than going through a third party in iowa. Fourteen today view. The report says the operating system shows apple generated list of search suggestions rather than the google results these results include auto compete style. Excuse me auto. Complete style. suggestions generated by apple showing that it is learning from its one billion users common queries. Okay see i kinda just want to read the whole story to you and then go back. Point-by-point it's the financial times. Why don't we start there. It's the financial times so of course. They're concentrating on the money. Part of it as if apple just started doing this yesterday. They keep saying that the doj is suing. Google for anticompetitive behavior at the center of that suit or near. The center of that suit is the fact that google pay somewhere between nine billion then twelve billion dollars a year to be the default search engine in safari. Everybody says for iphone. But it's for safari right. The doj in the past few weeks at right were suing. And i know we've known that that was coming for a while. But it's not like falcons can suddenly turn on a search engine from nothing. of course they haven't turned it on nothing Two and a half years ago. The got john john andrea. I'm sure i'm pronouncing that wrong He was the head of google search supposedly. They said it was to Increase their artificial intelligence capabilities and siri virtual assistant but he also brought eight years of experience. Running the world's most popular search engine the financial times. Points out. I mean sorry. It doesn't mean that apple is in creating an alternative to google i. I'm going to go ahead and keep reading. And then we'll i should have read the whole thing right. Experts financial times talked to Some of whom used to work for google. Say it wouldn't cost that much for apple to do this. And that apple has hired the talent to do it. That apple could do it because you can't just go in license somebody else's search technology if you're going to be an alternative google. I did not know until. I was reading the financial times story here and this could explain. Why dot go. I love duck duck. Go doug goes. Was privacy focused search engine and you can go there instead of google and you can type in your queries. And they're not being tracked and that's great They rely on being. It turns out their licensing beings technology. Now still your information as dang between you and duck duck go. It's not going anywhere. It's anonymous all that stuff. It explains why duct that goes results. Aren't necessarily as good as you might want. Duck tuck duck goes results to be apple. Can't just skin being. They can't just skin duck. Oh right they have to come up with something better if they're going to compete with google but not everybody thinks they're going to compete with google. Dan wong associate professor of business at columbia business. School said it would be extremely difficult for apple to ever catch up. Go-goes advantage comes from scale. He said and the endless user feedback helps to tune results and identify areas of improvement. Google gets hundreds of millions of queries every minute from users all over the world. That's an enormous advantage when it comes to data surprising. No one apple declined to comment for the financial times all right. There's so much about this. That's interesting and also i think kinda wrong in what. The financial times is arguing first of all. They're saying that apple is doing this because they're worried about losing the twelve billion dollars nine to twelve billion dollars that up. A apple gets every year from google for being the default search engine. I use siri as often as i can. I know people who don't use siri at all. Google still spending nine billion dollars even if he does get better. Google spending nine billion dollars for apple would not be a waste of money because there are lots of people who are always going to google it. They're not going to ask siri for whatever reason. I know that. When i'm out of the store i don't ask siri because i don't like to talk in public. I don't like to you know. Spread my business around. If i'm worried about a search engine tracking me. I'm certainly going to worry about you. Know saying out loud the grocery store or well. That's the only place. I go now saying out loud to the grocery store what i'm searching for. Nobody else needs to know that. At that point i will start typing stuff in at that point. Is it google that i'm going to. I have set my default search engine to duck duck go and that is another thing that this whole of this seems to sort of ignore. I mean the fact that we do have choices at this point. And i would imagine that somebody at least at apple will go ahead and argue. That what google is playing for is placement because people are lazy or people like google or don't realize they change it even though apple has made it clear that yes you can. Google earth could still pay nine billion dollars a year and not lose their money even if apple gets better at what. It's doing now as far as apple trying to build a search engine. That's going to replace google. I don't think so. I don't think apple is trying to replace a bill. The search engine that everybody is going to go to. Because i don't think apple wants that kind of headache. I think all of this stuff about siri better and about apple's being better. I think all of that is true. I think what apple would like is instead of going to any search engine you pick up your you ask a question you get your answer not kicking over to the. Here's what i found on the web. Not thinking oh. I need to go to google or i need to go to ulta vista wherever it is. I need to go to look up stuff. I need to ask jeeves by. Golly i think that's the part of this whole thing. That actually excites me. The most the idea that my virtual assistant could become more of an assistant unless a virtual thing that it could become a a source that i turned to to ask questions and get answers

Apple Google The Financial Times DOJ John John Andrea Iowa Dan Wong Falcons Doug United States Columbia Siri Headache
World Bank approves $12B to finance virus vaccines, care

AP News Radio

00:42 sec | 2 years ago

World Bank approves $12B to finance virus vaccines, care

"The World Bank has approved a twelve billion dollar package in financing to help developing countries buy and distribute coronavirus vaccines tests and treatments the initiative aims to support the vaccination of up to one billion people the multi billion dollar fund is part of a wider World Bank group package of up to one hundred sixty billion to help developing countries fight the cobit nineteen pandemic the group's president David Malpass says the plan is to extend and expand a far struck approach to address because of the emergency so the developing countries have banned and equal access to vaccines I'm Charles Taylor this month

World Bank David Malpass Charles Taylor President Trump
World Bank approves $12B to finance virus vaccines, care

AP News Radio

00:42 sec | 2 years ago

World Bank approves $12B to finance virus vaccines, care

"The World Bank has approved a twelve billion dollar package in financing to help developing countries buy and distribute coronavirus vaccines tests and treatments the initiative aims to support the vaccination of up to one billion people the multi billion dollar fund is part of a wider World Bank group package of up to one hundred sixty billion to help developing countries fight the cobit nineteen pandemic the group's president David Malpass says the plan is to extend and expand a far struck approach to address because of the emergency so the developing countries have banned and equal access to vaccines I'm Charles Taylor this month

World Bank David Malpass Charles Taylor President Trump
Mirati to Rival Amgen in Solid Tumors

Breaking Biotech

08:10 min | 2 years ago

Mirati to Rival Amgen in Solid Tumors

"So to start I wanNA talk about exact sciences ticker symbol e x a s, and they are now trading at around twelve billion dollar market cap, and what they announced is liquid biopsy testing data in six different cancer types showing a sensitivity of eighty six percent and a specificity of ninety five percent, and they did kind of a grab bag of cancer types. We have lung ovarian, liver pancreatic, and Alpha Jill. And so I did video on exact sciences quite a while ago I thought their evaluation was a little bit toppy back then and was waiting for dipped to buy, and that's what I did during the Cova crisis I took a small position and then I sold just recently at around ninety four and I think is trading just over one hundred dollars right now but this. Is Nice to see them kind of moving into new areas because I think one of the things that they're struggling with is leaning on their old testing kit the colours guard while all these other companies are trying to get into things like liquid biopsy, which it's going to be a real game changer in the space. Once these treatments get validated and approved by the FDA. Now. They're not alone doing this exact sciences is kind of just finally getting into this because other big players like alumina through grail they just acquired this private company called grail officially officially. We've garden health personalisation of been floating around and invitations. Well, who just acquired archer DSL there's a lot of companies in the space, but exact scientists has shown some pretty good success in their previous testing kits. So it just makes sense them to jump into this new area and be a good competitor. So I think right now probably a little bit toppy with the price around one hundred but I'm pretty pleased with the small profit. I made given the number shares that I have. So that's exact sciences. Want to move now into regeneration ticker symbol. And they're trading at a sixty billion dollar market CAP. I did a video on them also a few months ago, looking at kind of their staples in terms of the different products that they offer and I concluded that they were relatively over-valued back. Then I think now also a little bit overvalued, but it does depend on how well their product. So and the kind of revenue they can bring in obviously but the news that we heard is that they released data on their antibody cocktail for covid nineteen. and. What we saw is that it reduced viral loads and symptoms versus placebo in non. Patients who are infected with SARS co to and what they shared our results from initial cohort of two hundred and seventy five patients, and they also have nine hundred or more patients enrolled. So this is kind of a preliminary analysis that they're showing US and they've called it a phase one, two, three trials. So they're doing the PK the safety along with the efficacy and other sorts of secondary outcomes all at once and when I look through their stuff, they started off by kind of categorizing patients based. On Sarah Negative or zero positive and I, think it's important that they do this because we're looking at a treatment for covid nineteen and if people are already sero-positive in their bodies, already mounted an antibody response in order to bring down viral loads. So what regeneration is trying to pose here is that the negative patients which means they have not mount that antibody response have significantly higher viral load and they make a better target for most treatments probably also their antibody cocktail that they're gonNA share data with. So. Then the data that they show here shows a range of efficacy based off of viral load. So we have tended the power of four copies, parallel all the way to tend to the seven copies personnel. So quite a big range in viral load here and I just blew this up on the screen. What we're seeing is that at the higher viral load, the treatment and there two different doses here in the green and the red line, we see that much more dramatic decrease in the amount of viral load in. These patients and it does kind of make sense because if your body's already mounted an antibody response, the window of efficacy is just going to be a bit smaller than if it's before the at which your body's manning response. So I think for these patients, it's definitely positive data. They also looked at other other metrics as well and I'm not going to get into everything but they did look at a day to alleviation of symptoms and they looked at the overall population of patients. It's the difference of nine with Placebo. To between six and eight, depending on the dose that they gave the antibody cocktail with the negative group alone, the placebo was thirteen days and then the low and high dose was six and eight respectively. So obviously a big difference when it comes to whether or not the patient is zero negative or positive. So that's probably going to inform the FDA when it comes to approving the drug or giving some kind of guidance on which patients should take the drug and who are likely to see more positive outcomes from that. So overall. I think it's good. It gets a step ahead of the Gilead data where I don't think we've even seen a placebo group yet. So it's nice to see regenerate actually do this placebo controlled trial. We can see whether or not there is efficacy and I, look forward to seeing the rest of the data I'm not if this merits taking a position regenerate here given that they're such a large company already and they have so many different assets that are I would say more likely to contribute to their bottom line. This doesn't entice me to take a position, but it's nice to see that we're getting all these therapies are starting to see vaccine data, and this just makes me feel better in general that we're going to move towards being able to treat this disease and hopefully get out from under this and then Kinda recover with the economy. With that, let's talk about the main story for today, and that is morality Therapeutics Ticker Symbol M rt ex, and they're trading at a price of one sixty, two point zero five per share giving them a market cap of seven point two, billion dollars. Their Q. Two, twenty, twenty, net loss was eighty, three, million dollars, and this represents an eighty percent increase year over year there their q two net current cash is six, hundred million dollars giving them a runway of about until twenty twenty two I would say but let's also be careful that if they see positive data. This year or next year is a good chance that they're going to raise again. And what Morad is trying to do is develop targeted cancer treatments and they're specifically looking at solid tumors and even more specific than that are K. Rasa inhibitors, and so they have to compounds Marta six, eight, four, nine, and x, one, three, three. They're also looking at checkpoint inhibitor resistance with their compound sicher Vance it, and I'll talk about that in a bit later. To start though we gotta talk about chaos and the reason why this is so important is that chaos mutations are present in a large population of cancer patients. The first thing it's important to note is that chaos is pretty ubiquitous. It's a critical part of the map kinase signaling pathway, and this is very important in basically every single cell. This pathways involved in Cell Proliferation Cell Survival had differentiation here. There's a whole bunch of other stuff and it makes a little bit confusing because it is involved in. So many different pathways that if you were just to inhibit this molecule non specifically, you're likely to see significant side effects with patients. It's for this reason that it's important that we can come up with a targeted therapy that will only target cells that have a mutation in chaos rather than the healthy normal. KS. To talk a little bit more about its function, it works as a GT as and what this means is that it takes a molecule GDP converts it to GDP using that phosphate group to continue the signaling pathway. The next step is Raff or something like that mutations in. A company twenty, one point, six percent of all human cancers, and then I have here that chaos the predominant or exclusive Rask's mutated in three of the top four neoplasms that account for cancer deaths in the US lung colon and pancreatic. Cancer.

FDA United States Cancer Alpha Jill Sarah Negative KS Raff Rask Manning Gilead Solid Tumors Morad Marta
ByteDance Says It Won. Trump Says Not So Fast. TikTok Continues For Now.

Techmeme Ride Home

05:04 min | 2 years ago

ByteDance Says It Won. Trump Says Not So Fast. TikTok Continues For Now.

"Okay, here's what I can tell you. You can still use tiktok as of this moment president trump since we last spoke said he approved Oracle's bid for the US. Operations of tiktok quote in concept, and so essentially the US delayed the planned tick tock band by about a week as Oracle Walmart looked to take a twenty percent stake in Tiktok globals planned pre IPO round as well as of course, the deals to host talks us user data and computer systems quoting Bloomberg I approve the deal and concept trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville north. Carolina if they get. It done. That's great. If they don't, that's okay too and quote the new company which will be called tiktok global has agreed to funnel five billion dollars in new tax dollars to the US and set up a new education fund which trump said would satisfy his demand that the government receive a payment from the deal quote they're going to be setting up a very large fund. He said that's their contribution that I've been asking for an quote Oracle plans to take a twelve point, five percent stake in the new tiktok level. While Walmart said, it has tentatively agreed to by seven point, five percent of the entity. Walmart's. Officer Doug Macmillan will serve on tiktok global's board of directors. The retailer said in a statement for of the five board seats will be filled by Americans according to the statement tic TACs. Owner Bite dance is seeking evaluation of sixty billion dollars for the APP, according to a person familiar with the matter Oracle and Walmart would pay a combined twelve billion dollars for their stakes. If they agreed to that asking price, the final valuation has not been set as the party's worked out the equity structure and measures data security. The person said terms are still in flux and the proposed valuation could still change and quote. Yet more about that flex in a second but more about that five billion dollar payment to the government. The president mentioned I. Guess That's the key money by another name that he was asking for all along except that seems to have come as news to at least most of the parties involved Oracle later confirmed it to a degree but quoting Dan primack on twitter. More about tiktok quote Payments Number One the Education Fund is not to fun trump's patriotic history project number two, the five billion dollar figure is not codified anywhere and no one expects it to be anywhere near that big number three, the five billion dollars to the Treasury is anticipated payroll taxes over an unspecified period. Of Time, there will be an education focused effort using tick tock short video format distribution tool, but there is no dollar amount tied to it with trump seeming to inflate the payroll tax figure with the Education Fund remember Tick Tock doesn't have five billion dollars at least not until its IPO wants to complete within twelve months and quote. So. Again has this all been Kabuki theatre make the president think he's getting his key money. Give a politically connected firm, a sweetheart deal, and even if the five billion dollars is really not going to be five billion dollars again, we have the president of the government forcing the investment of private property, giving it to favourite entity and essentially asking for a kickback exactly. What happens in Banana Republics Super? Oh and about that whole thing being inflex bite dance. This morning was asserting that it is maintaining majority ownership and control over tick tock global and will not transfer any source code or technology to Oracle or Walmart so essentially waving a flag saying they won. Quoting the Financial Times bite that set on money that it would maintain majority ownership and control of tiktok global contradicting statements by Donald trump oracle, and Walmart after it agreed a deal with the companies to continue operating in the US Oracle, the US technology group, and Walmart, the world's biggest bricks and mortar retailer said in a joint statement at the weekend that Tiktok level would be majority owned by American investors and quote however while they're state combined with the equity held by. Long standing US investors by dance might mean, American investors would be the biggest financial beneficiaries, direct majority ownership and control of the business is set to remain with the Chinese company in a statement released on January tat chow by dances Chinese social media platform. The company said tiktok global would be a quote one, hundred percent fully owned subsidiary. The company added that after raising funds ahead of a potential initial public offering, it would have an eighty percent stake in the company and quote. So maybe that wasn't a good thing to go spouting off about because this either means now the deal is really off. Because the Chinese side really doesn't want it or else the deal is off because the president isn't going to be pleased about that more in just one second or else everyone is just GonNa declare victory and. Meaningful has actually changed my money's on that but hard to tell at this point because to conclude. About thirty minutes ago. President trump. said, he would not approve a tick tock deal bite dance ceded control, and well I don't know.

Oracle Walmart Walmart President Trump Tiktok Global United States Donald Trump Carolina Education Fund White House Bloomberg Fayetteville North Treasury Tiktok Twitter Doug Macmillan Officer Dan Primack
Science, Economics And Vaccines

The Indicator from Planet Money

05:32 min | 2 years ago

Science, Economics And Vaccines

"Dr Stanley Plotkin develop vaccines for some of the world's deadliest modern viruses. He's very familiar with the cost and the process of producing vaccines, and he says the process tends to be slow and ferry expensive developing vaccine is likely to cause something on the order of five hundred, million dollars five hundred, million dollars status is today's indicator five, hundred million dollars to get a vaccine Stanley, says. For drug companies and universities and labs that monumental cost is often one of the biggest obstacles to creating vaccine after all at the end of the process, you don't know if you ever will actually debt vaccine some viruses like HIV still don't have successful vaccines even after decades of trying and billions of dollars invested if covid nineteen vaccine can't be found or if it takes decades the social. Economic and cultural impacts would be devastating. So the White House has done something pretty unheard of it's created a plan called operation warp speed to try to speed up the vaccine process. The White House says it's already invested more than twelve billion dollars in the plan and how the plan works. The White House is basically created contracts with drug companies like Pfizer Novak's Moderna Therapeutics and AstraZeneca. Few others and those contracts promise these companies billions of dollars if they can get a vaccine ready to go and have a hundred million doses at the ready by the first part of next year with so much money being funneled toward the problem I'm wondering if that will do you think speed up the process of getting a vaccine or does it just take the time it takes or? It definitely speeds things up. Stanley says with a strong cash incentive like this and so much support companies can out a bunch of different tactics in their search for a vaccine. He says, there are more than a hundred different approaches that scientists know of, and they can try a bunch of them labs all over the world flooded with resources racing for vaccine that should help speed up the arrival of the vaccine at least that is the hope but that is as yet. a hope. Nothing nothing is certain is certain. if everything goes well. I think having a vaccine by the end of the year is not impossible, but it's based on everything going. Well, Stanley says even with all the money in the world getting a vaccine ready for the public quickly is really hard. The Rubella vaccine that he developed was a relatively quick process in terms of vaccines. It took him about two years to discover it to develop the vaccine itself, and then five years to tested and scale up the production of IT and just get to the market, and here's why for one thing it's a messy process. You have a biological problem It's a complicated process and there isn't any single wave. Doing that also, he says there are parts of the process that you cannot speed up no matter how much money you have Stanley says trials for vaccines for instance, typically take longer than trials for regular drugs because vaccines will be used on much larger swath of the population. So you have to test the vaccine on all different kinds of people, different ages, ethnicities, people with different underlying health conditions, and that typically means trials involving tens of thousands of people. Also, you have to give the vaccine time to work time to assess side effects. Many vaccines fail in this trial phase, and there is a danger in going too fast of course the. is to avoid making mistakes. While you're speeding up mistakes and research or in manufacturing the vaccine or in not taking enough time to test these things can have. Consequences he says in the nineteen fifties, some batches of the polio vaccine created the contained an active virus the samples at past the safety tests yet thousands of people contracted polio from the vaccine dozens of people were paralyzed as a result Stanley says rushing vaccine is a balancing act between good science and good economics in you you yourself are working on a vaccine is that correct? Well, I know lawyer you know I'm I'm eighty eight years old I? No longer have a laboratory but I'm giving advice left and right so. I'm working in the a sense of giving advice. What kind of advice are you giving? What questions do people have at this stage which? Are Important what have you and responses one should be trying to get. What dosage? Interval between doses I mean the things that one learns with any vaccine. Are you taking dozens of calls like a week. I see why you have very limited time. I. Should let you go but I can't thank you enough for taking some of your precious time to talk with me. By by by conversation is over I, mean I would be hurt but like the man has lives to save, right? Oh. Yeah Oh. Yeah. Impressive Dude. Also fun fact Cardiff. He learned to fly a plane when he was seventy four and you don't do that kind of thing by spending all your time talking to journalists. The man is flying planes and saving the world. So he gets overpass

Polio Vaccine Dr Stanley Plotkin White House Polio Cardiff Astrazeneca Pfizer Novak Moderna Therapeutics
Food for Medicine with Afsaneh Naimollah

Outcomes Rocket

05:25 min | 2 years ago

Food for Medicine with Afsaneh Naimollah

"Welcome back to the outcomes racket Sal Marquez is here and today I have the privilege of hosting of San ant- name Mola she's an accomplished healthcare executive and investment banker shows currently an executive in residence at plug and play the world's largest early stage, VC Fund and corporate accelerator. She's also the managing partner of Zen partners an investment banking firm based in Palo, Alto and New York covering the next generation of health TECH COMPANIES OF WE'RE GONNA be diving into innovation and healthcare. Venture. Capital and I'm so privileged to have of Santa here with us of sonnet. Thanks so much for joining pleasure so Asana. You know you do some fascinating work in in healthcare and will dive into that the venture front, but before we do, would love to hear more about what inspires your work and healthcare, you know I've been on investment banker on a strategy advisor for over thirty years on I started my career in technology, so I come to healthcare with A. Fairly deep knowledge of what I call Horizontal Technology on about twenty years ago. Honestly I fell into healthcare. Just doing couple of deals, I'm then longside got you know the dynamics of the industry? was you know no looking back and I got heavily involved. On really started focusing on on the industry, and really for three three main reasons one is. You know, it is the largest industry in our economy. It's eighteen percent of our economy. It's the only industry that directly impacts every human being in our country. I'm probably most him personally an industry that despite his side. Is Social Impact. Is! Probably still to this day way behind. For example Fintech on some other technology, so it's an industry that. Really need. In my opinion innovation and it was really true technology bad. We can bend the cost curve so I said well. I have some good tech background. I love the industry. And it was almost like a calling I said that's how I'm going to get involved with this How Technology and make sure that I focused on. Sectors of the. Industry that could bend the cost curve. I love it. I love it, you you sort of just accidentally through a couple deals guide involved. Then strategically said. This is a good fit and the impacts big. So, let's let's roll up our sleeves. Yeah. I love it, and and so and so now you know your your role as managing partner of Zen Partners and executive in residence at logging play, you're seeing a lot of main stage work happening and so companies coming up with new ideas and businesses succeeding businesses failing you know. What would you say you? Guys are up to and really I. Guess, where should we focus you know? Should we focus on fly, play or Zen partners or more? I can't. We can touch base on both really there come with interchangeable so you know as an Investment Bank banker I've done about fifteen mergers and acquisitions transactions I was raised over twelve billion dollars or capital two. I feel private placement. Offering equity offering. You know when you do so many deals on you. You know I've met fell thousands of CEO's on thousands of companies over my thirty some year career. You've developed what I call an experiential intuition You know a pattern recognition, so what the reason when I moved to Silicon Valley three years ago from New York. Play. Invited me to become an E. R. and I was like okay. I don't have a lot of early stage experience, but I know a lot about healthcare and I know a lot about. Next Generation Technologies, and the opportunity afforded me listening to pitches like twenty thirty pitchers month. Of different companies, addressing different parts of healthcare, and then you know, it's been three and a half years now and when I wouldn't yards do the plug and play. We do really two things one is we help the five different venture funds that we have pick investment. And more importantly we take some of those mid stage for me. It's most of the early to mid stage company. We take it under our wing Ers. We work with founding teams on. From product strategy go to market strategy channel strategy and help them. We articulate their value proposition because especially the first time founders. They are sitting on a great technology, but I would say a good eighty percent of them. Do Not Know How to articulate the value.

Zen Partners Managing Partner Investment Banker Executive In Residence E. R. New York Horizontal Technology Sal Marquez Santa SAN Executive Fintech Palo Silicon Valley Advisor CEO Generation Technologies
UK Treasury chief warns of depth of recession

AP News Radio

00:43 sec | 2 years ago

UK Treasury chief warns of depth of recession

"This is treasury chief has warned the nation that that will be tough economic times as the British economy has taken a hit from the cabinet nineteen pandemic we are I thought that before entering into a very significant recession we know that that is happening this is a warning but since chancellor of the exchequer rishi Sunak has given to the British people a day off to repeating his spending plans to boost the economy in a mini budget synnex will to sell his ideas to the nation particularly the expensive program to help third item please to return to work after the government program now paying them expires this plan could cost the treasury as much as nine point four billion pounds almost twelve billion dollars and critics are wondering whether it makes sense Karen Thomas London

Rishi Sunak Treasury Karen Thomas London Chancellor
UK Treasury chief warns of depth of recession

AP News Radio

00:43 sec | 2 years ago

UK Treasury chief warns of depth of recession

"This is treasury chief has warned the nation that that will be tough economic times as the British economy has taken a hit from the cabinet nineteen pandemic we are I thought that before entering into a very significant recession we know that that is happening this is a warning but since chancellor of the exchequer rishi Sunak has given to the British people a day off to repeating his spending plans to boost the economy in a mini budget synnex will to sell his ideas to the nation particularly the expensive program to help third item please to return to work after the government program now paying them expires this plan could cost the treasury as much as nine point four billion pounds almost twelve billion dollars and critics are wondering whether it makes sense Karen Thomas London

Rishi Sunak Treasury Karen Thomas London Chancellor
UK Treasury chief warns of depth of recession

AP News Radio

00:43 sec | 2 years ago

UK Treasury chief warns of depth of recession

"The this is Supreme treasury Court chief has has made warned the two nation highly that that anticipated will be tough economic rulings times in cases as the British regarding economy president has taken trump's a hit bid from to keep the cabinet his financial nineteen pandemic records under we are wraps I thought that before the High Court has entering upheld into a demand a from very Manhattan's significant district attorney recession for the president's we know tax that that returns is happening as part this of is a grand a warning jury but since probe chancellor of the rejecting exchequer administration rishi Sunak arguments has given that to the the president's British people immune a day from off investigation to repeating his while spending in plans office to boost the economy but in a separate in ruling a mini budget it says Congress synnex can will not to sell his at least ideas for to now the nation get the president's particularly financial the expensive records program sending to help both third cases item please back to to lower return courts to work after the government the outcomes program give the now president paying at them least expires a short term win this plan could since cost it's now the treasury unlikely as much as any nine of point the financial four billion records pounds will become public almost soon twelve billion dollars the court ruled and critics seven are wondering to win whether both it makes cases sense with trouble Karen point Thomas D. London is Neil Gorsuch and Brett Kavanaugh joining the majority in each Sager mag ani Washington

President Trump Donald Trump High Court Manhattan Chancellor Exchequer Treasury Thomas D. London Neil Gorsuch Brett Kavanaugh Supreme Treasury Court Rishi Sunak Congress Karen Ani Washington
Providence received approximately $509 million in grants

KIRO Nights

05:38 min | 2 years ago

Providence received approximately $509 million in grants

"Let's talk about hospitals here for a second week we just spend some time with Jim Brunner talking about the the unemployment stamp that has been devastating people in the hundreds of millions of dollars out of the pockets of of folks who desperately need it here in Washington and it I can't help but draw a comparison to what some hospitals are doing in the area and I'm not talking about the the smaller places that have very thin operating budgets that basically the the the money that they bring in can can pay for payroll for the next week or two I'm talking about the big big places one of them being Providence health system it's one of the the largest and richest hospital chains here in the United States now they they've got this spring this is according to New York times they got at least five hundred nine million dollars in government funds smaller pore hospitals are receiving a pittance compared to that in Providence is sitting on about twelve billion dollars in cash which it invests it's got like stock portfolios there's no discernible difference at least to me between what happens on Wall Street and what this supposedly not for profit hospital system is doing yeah I mean this is been the problem with the not for profit hospital system is been in did these complaints are not limited to this I think it was a Providence hospital in a in the one in Everett I think that that fire to the emergency room doctor low right was complaining that they were not following safety procedures with with with new brand new with this the very front end of the the pandemic a brand new coronavirus patients they're testing people in the parking lot or something along those lines yeah it in so you have these not for profit in the whole way you get not for profit status if you are a hoot if your hotel the hospital chain is you traded that to that means you get a tax break a significant one you trade that to the government by providing charity services in other words you do pro bono work on people in the community it's always many of these hospitals fall way short you have the very creative accounting on what actually was charity work or they just don't do it at all with no real teeth behind it and to see a company sitting on billions of dollars collect billions of dollars right in aid is a little bit along the same lines as what we saw with that with the but the bond houses and with the investment firms and with the banks back in the in the in the mortgage crisis collecting people who had caused the problem then collecting on the problem yeah it would seem to a lot of people to be pretty deeply offensive although we didn't care to have the political courage to actually change it in a manner that would help us this is another situation where these for profit or rather non not for profit which is not non profit not for profit hospital right there have a medially put their strong the drink as soon as the government said you know we have eight to provide they lined up even with sitting on significant assets now they'll okay they'll tell you that you know this this money was available we had to get even the people doling out the the relief money that they'll tell you we will priority was getting it out right we didn't want to sit on it and come up with systems and develop a system to take the time to double and triple check things because this was an emergency and people needed that money but I would I would argue that will take your check K. can you look at the balance of the place and know that if somebody is is sitting on you know ten billion dollars whatever it may be that that that supposedly is for emergencies right that's an emergency fund that's that's and that's the savings account that you go into when you need to tap it because something catastrophic has happened yeah what else is out for it was not you would be very very difficult to say this was an oversight I think that the one of the problems that happened with the relief is that it really wasn't earmarked toward small businesses everyone claimed it was it was earmarked toward business and the big businesses were much I mean when you have a team of people including attorneys and accountants that can get your paperwork in very quickly and when you have a lobbyist who actually has the the the call list of local lawmakers run you have those things you're going to get to the front of the line and this is what happened with with companies like Providence another company that we saw from the the paycheck protection program relief aid who lined up immediately to get their snouts in the trough again and then take the bulk of what was supposed to be for companies that were on the brink and it's a shame because I don't actually mind so much on the paycheck protection and if these are if it's actually helping people who are minimum wage people as it was with as much of it was designed to do I think that's great if it's helping people to hire in the scale I hope there is a cut off point for it and I appreciate that as well I don't know that I am worried about as much about somebody making three hundred K. a year when the patient protection thing rolled out and in the end the judge the law didn't worry about the mother which was which was terrific about it but this particular one in Providence and other hospital chains that are the the not for profit hospital chains it it wouldn't bother me if they were at

Jim Brunner
Buy Your Mom a Spade: Seed Sales Swell under Stay-Home Order

Business Wars Daily

04:15 min | 2 years ago

Buy Your Mom a Spade: Seed Sales Swell under Stay-Home Order

"From wonder. I'm David Brown. And this is business wars daily on this field. Good Friday may eighth as most of you surely have remembered. Sunday is mother's Day. And what a strange mother's Day. It will be two with most of US still at home. The typical celebratory restaurant brunches off the table that so many of us are away from her mom. This weekend seems to be spurring many to spend more money celebrating her however the National Retail Federation. The in our F- says we plan to spend more on this mother's Day than ever before about two hundred and five dollars per person. That's up eight dollars or so from last year in two thousand nineteen was a record year but without those champagne. Brunches available. Just how will we be spending that money among the top gift choices? This year are housewares and gardening tools. We're predicted to spend twenty one percent more on kitchen appliances spades and rakes than we did last year or almost twelve billion dollars. The in our F says in case you hadn't noticed there's a gardening boom happening not just in America but around the world. People are planting more than ever in March alone. Us seed company W Atlee burpee and company sold more seeds than at any other time since its founding in eighteen seventy six. That's what Burpee Chairman. George Ball told the new service Reuters customers fearing pretty shortages are growing their own fruits and vegetables. They're also teasing those tomatoes and cucumbers out of the ground in order to be more self reliant to save money and to avoid the hazards of grocery stores. The desire to garden has blossomed to such a degree that gardeners Singapore are growing produce on rooftops. Russians are escaping cities to isolating countryside cottages and growing vegetable gardens there and Brits without any land of their own or even growing potatoes in garbage bags guy barter chief horticulturalist at Britain's Royal Horticultural Society told Reuters. But of course the garden boom isn't solely caused by people worried about having home grown. Kale on their plates come summer. It's also a new hobby for millions a pastime that takes away from our ever present screens and fills the time we want spent in the office at social gatherings in watching sports as Jennifer Atkinson writes in the online publication Echo Watch gardens are a reminder that there are limits to what can be done without physical presence as with handshakes and hugs one cannot garden through a screen which may be one reason why gardening tools along with plants and seeds of course are so popular. This mother's Day we can send them to mom or plant flowers and trees in our mother's honor in our yards viewable by video or in hers from a safe distance. But before you go thinking Kovic was the best thing to happen to gardening since Miracle Grow. Analysts are quick to point out the gardening. Explosion didn't actually start this year. In fact the industry reached an all time high in two thousand eighteen with US sales topping forty eight billion dollars according to the firm garden research but the corona virus is certainly continuing that expansion fact the surges stressing seed sellers local and regional supplies around the country reported such high demand that some like canada-based stokes seeds and young's seed company in Randolph. Wisconsin stopped taking orders for at least a few weeks. Young's usually sells one hundred thousand seeds a year but this year by April the company had already sold two hundred thousand according to the local NBC. Affiliate the we're taking in gardening has also proved burpee. George Ball wrong according to its corporate history. The privately held burpee has been the world's largest seed company since the eighteen nineties. But it hit hard times about twenty years back. It entered bankruptcy in September. Two thousand one a result of overexpansion into such things as garden furniture company a travel publishing business and retail garden centers. It exited chapter eleven just four months later but chief. Executive Ball had low expectations at the time. Americans were turning away from seeds and buying young plants at big box stores like Walmart at home depot instead and the typical size of a

United States George Ball David Brown National Retail Federation Reuters Walmart Royal Horticultural Society Wisconsin Gardeners Singapore America Chairman Jennifer Atkinson Kale Executive Kovic Young NBC Britain Randolph
Gov. Newsom On Reopening California

The Indicator from Planet Money

07:21 min | 2 years ago

Gov. Newsom On Reopening California

"Was California's economy like before the corona virus pandemic I guess eight weeks ago? Yeah I mean just ninety days ago. I was reflecting on the fact that we were projecting. Six billion dollar budget surplus We had paid off all the wall of debt we inherited From the prior Turn we at one hundred twenty consecutive months of job growth lowest unemployment highest reserves interstates history. Fast forward today We're dealing with unprecedented. Almost depression era unemployment numbers and deficit That's one of the highest in our state's history. Yeah what was the unemployment rate Before Corona Virus Ninety days ago as you said. And what is it now? It's a three point nine percent We anticipate being north of eighteen percent We conceivably could get as high as twenty four twenty four and a half percent in the next few months based upon the current trend lines twenty four and a half percent unemployment. That's that's a lot. Yeah I mean these are the the numbers are so staggering. When you just consider four point. Three million people have filed for unemployment insurance Just since March twelve and since the fifteenth we've distributed just shy of twelve billion dollars of unemployment support We're dealing with Numbers we've never dow with. Yeah I mean. Twelve billion dollars is just a staggering amount of money to to have processed and unemployment claims. I mean even with the strong budget position. California's in I mean from what I understand. California does not have the money to cover all of this going forward What are you going to do? I mean obviously? Millions of Californians are counting on unemployment will be counting on unemployment. Where's the money gonNA come from has to come from the federal government and I don't say that as a handout first frame meaning how I really believe in personal responsibility? I believe the state has a responsibility to get. Its Fiscal House in order. And that's exactly what we've been doing. The last decade that said we're not immune in the fact that California is now facing tens and tens of billions of dollars of deficits Is a direct result of in nineteen and that means the federal government has to be a partner in helping us out of this. What happens if you don't get federal support and the reality is we. Statutorily have to balance our budgets. I have to work with the legislature in the next few weeks. We have five weeks By June fifteenth. We have to work out a compromise and that none of us WanNa make on our own. Look we're talking about our police officers talking about our firefighters. We have fire season coming up. We talk about our teachers. We talk about those we call heroes and we have to look them in the is our nurses and our skilled nursing. Lvn's and RN's and folks that are really quite literally saving people's lives in and say well you know what we value you rhetorically but we have to let you go so in a way. There's like there's not a plan B right now it's just the federal government has to come through also mid a balanced budget But if if you can help me erase my name from any association with it. I'd love to see that happen. Look I required to do that But there's nothing in there that makes me proud. It doesn't represent my values doesn't represent the legislatures values and unlike the federal government. We don't have a printing press in. There is the capacity for the Federal Government to borrow to help states so that we can get back on our economic footing sooner and get the economy humming again to pay down those deficits into the future. I mean speaking of getting the economy humming again. I mean you are. You're at the head of the fifth largest economy in the world and so of course the decisions that you may have a global economic impact you also thorough bunch of lives at stake. So as you're kind of reopening the economy starting to think about reopening things. I'm wondering like how do you balance the economic cost that you're seeing that come with the shutdown versus the cost of potentially opening things back up too soon like just kind of I mean it's it seems like a very impossible decision in certain ways it is it's imprecise and what has to be humble and this and you have. You can't be ideological about it. You know we we believe in ready. Aim Fire not ready fire. Aim so you WANNA be guided I By indicators and we are guided by indicators by data in those data points are primarily health probably defined but also those data points include variations for economic activity. And we also recognize this. California's a state is populations larger than twenty one states combined. It really is a nation state. But it's many parts one body and what I mean. By that is there are variations within the state that we should also accommodate for their parts of the state that haven't been impacted directly or even modestly indirectly by the spread of the virus and those from an economic recovery perspective a will look at for variations on our statewide orders as an example how we begin to process. Yeah as we're talking it just keeps going through my head. How suddenly this came on just like ninety days ago. Everything was so different I wondering if there was a moment When you if there was a moment either at work or at home when you when you realize how serious this was going to get when we started seeing unemployment insurance claims come averaging a hundred fifteen thousand every day when prior we were averaging twenty five hundred a day two thousand five hundred to a hundred and fifteen thousand in a week. We started seeing average number. That's when the red flag come up and it was obvious to me. We were entering that trajectory Great Depression unemployment numbers. Yeah what went through your head when you saw those numbers like one hundred thousand I just the enormity of this And one of the reasons I wanted to be governor was to address are homeless issue and our poverty issues and so the issue for was looking at those unemployment numbers through this Lens. These same folks that were ravaged by the great recession. These are the same folks that never fully recovered from. Oh nine and tell two thousand ten and then the same ones now back on the unemployment line black and Brown communities disproportionately impacted and and it just it breaks your heart all this hard work and then boom. We hit this wall. This cliff. That chasm this canyon That were in and now we have to look those same people in the eye and say right when you're just getting back on your feet Now you're potentially going to be the source of most of the stress moving into these cuts in this recovery. Yeah what is it like to be at the helm of such a giant economy? So many people. What is that like you know? It's interesting because you're right. Look as as California goes so goes the nation. It's not a gross exaggeration. It's really not one at all We we punch above our weight in terms of of patents researcher scientists Nobel laureates and Terms of innovation the entrepreneur spirit so many of these sectors of our economy that have really grown in the last decade. So you're right. This weighs heavily Because the consequences if they're not felt immediately will be felt all across this country anti except the Americas and the temple of the world's economy across the rest of the world

California Federal Government Americas Researcher Partner
Court rules insurers can collect $12B under health care law

Pacifica Evening News

00:39 sec | 3 years ago

Court rules insurers can collect $12B under health care law

"The U. S. Supreme Court ruled that insurance companies can collect twelve billion dollars from the federal government to cover their losses in the early years of the affordable Care Act otherwise known as obamacare the justices voted eight to one and holding that insurers are entitled to the money under a provision of the law the promise the company is a financial cushion for losses they might incur by selling coverage to people in the market place is created by the health care law the case is separate from an over arching challenge to the health care law that the court has agreed to hear in its term that begins in

U. S. Supreme Court Federal Government