23 Burst results for "Twelve Trillion Dollars"
Jim Cramer on Bitcoins Performance and Future
"Our guys bang bang. I have demand himself. He is back jim. what's going on. Man here's what's going on. You made me a ton of money. I had to keep out the experts there. Because when someone's they'd be as much money as you have. What kind of peppered with the authentic language. I did exactly now. I know you probably hear a lot of people say you know what i did what you told. No i went and called my cfo. All right. and. I said listen. I just talked to this guy and i went tomorrow and i said i want hoping to get trouble. I said i want a half million dollars in this and you can buy over a couple of days but i don't want anyone who's this guy was your. Thank you and i studied before it wasn't just like you know i didn't just off the tournaments but said this guy is compelling i even use and i don't know whether you have any but the brokerage you suggested and i mentioned the money because it's never happened to me before i bought a lot of stocks in my life but i wanna thank you. Some the reason i called is it. Can i please come on your and thank you because it happened. It happened just as you said. It also happened much faster than you said. But i'm very grateful. Grateful mike kits so thank you very. Well listen as as many people who watched our first episode together i think noted The most compelling piece of it was how open minded you were and how intellectually curious you are on. I think that is something that people forget is important in the investing world. So i can yell and scream from the rooftop all. I won't but it takes courage and conviction for you to do something about it. So it doesn't work invoked by the way i mean you can say well i'm sucking up sucking and just a tremendous respect. A lot of what you said to me. I of course told others and is there things that you would say. I mean i always do the door. So limited number. I always knew that there should be protection. And i regard it as an asset class. But i i have for years said that you should have go and i think what i had going for me was the recognition. That what you're saying is what i really searching for with gold. All but gold media goal is that is subject to many vicissitudes is subject to a mining issues. It's frankly are subject to fail in many cases. Where do you think that's what's going to happen. Do you think that people are gonna drop gold by bitcoin. Or what do you think's gonna happen now. If they listen to me going to drop goal. I've been saying kemper senegal since one thousand nine hundred eighty three and now say five percent gold piper centric and. I did not say that before. I talk with you. I had thoroughly research. I was skeptical on our skeptical. Frankly because i said you know what. I thought okay with my goal. This is the dog new tricks thing that i want. I run up against with the web with the wall street. People like they're constantly saying. Oh listen you know. You're old baby boomers forgotten. I guess to do with how young your mind is. And i listened to you a friend of mine go said i heard you pop a cup hops. The smartest damn straight and do what matters is how old you are. It's whether you're young enough in hearing someone who knows more than you and gonna love. What you have to do is accept the fact that someone who's more now we did in school. It's funny you chemistry and you guys were juice chemistry. And you're going to get blown. I walk into a bitcoin class. What do i think more than the bitcoins i. It's different from chemistry class. No different from an engineering class. I will do the progress. M when i got not schooled but talk by i said what am i doing not protecting myself in what i have been saying. That people could be hyperinflation. But even if there's just plain old inflation why not get in and i did. The thing that have is confused about was was this notion that help your currency versus asset class. Because i think that i am. I'm conflicted and i'm conflating. You can help me say what it really is is. I think that there's three things people are using it for right now right so you have people who are using it. As a medium of exchange people are using historic value and people using it as a speculative asset right. Those three things serve different uses for different people. But i think that a currency obviously historic value. It's hard to deny that people are storing value. I think that's pretty. Well accepted the digital whole narrative. And then when you look at like on chain transaction volume right in some days now. It's ten twelve fifteen billion dollars in a single twenty four hour period of transaction volume. That's putting it into trillions of dollars on annualized which know visas. These guys are eight to twelve trillion dollars in annual volume. So you're talking about maybe twenty five to fifty percent of the largest card networks in the world Super using it now. What they're using it for is very hard to determine but they're using some sort of medium of exchange and then i think the third one and probably the one on focuses on is the speculative nature. People are absolutely in some cases buying it because they think it's gonna go up in us terms and they're going to sell it at a profit later. It's i think that what we gotta figure out here is what's the dominant use case or. Most people speculating or most people using it as four value or most people using it needham of change. My guess is when you look at the data. Sixty percent of bitcoin hasn't moved in the last twelve months. So that tells me that the majority is being used as a store of value over everything else today. Now what happens in the future will find out. But that's how i kind of think about from a use case perspective is it. A currency is an asset. will technically. It could be both right right. Well you know for me because of my my here. Something is all dog. I always said the people. Listen if you could ever ever ever be a situation where you can play with the houses money you take what you put in then your blast and you never have to touch it. And that's what. I'm don neurological may have only took. That took out the money put in. But now i've been i'm never going to touch upon. I'm not. I may never because you traced data scenario for those of us who those of you that watch it you chase down scenario. That doesn't stop at one hundred thousand and a lot of people laugh. I didn't it. Was the twelve thousand. And i started thinking i've gotta get in before it got to fifty and i went home and told my wife i said lisa. I'm doing this thing. And she said why described there since fiber talk. You sound mesmerized. I said no. I i sent. Educate these are two different things. It's not been as rush. It was educated and the course that you laid out made me think you know what it isn't just a car. I borders currency. But i realized it was the store value and a better store value i was using and did i have the belief that it could grow up. Go and i did believe that. It could be speculative staying power but more importantly what i realized is ideal with the company square and instead of saying that they arrive this way. I knew that this cash app people kids are buying a little business. Schnitzel is gone. They're buying a slivers of bitcoin. And i said to myself you know what i want to be with them because they represent future but i also recognize they may be doing for whatever reason but i can be part of that way too and not feel that we've is is a boss. It's not was speculation. Not after the way that you late young you laid it out. And i am sure that you can lay it out for just in one minute. You've gotta just lay it out again or capsule probably not fair but why you know exactly what may be portrait.
Women are perceived to become liabilities the moment they become mothers. And that's just not true
"You know I grew up in the Philippines. I had really strong female role models my mother my grandmothers. We had a female President Corazon Aquino when I was growing up and I grew up as an empowered girl you know part of the Ywca of Manila's one of their team leaders. When I was thirteen and a started organizing leadership conferences for girls when I was eighteen and then so when I left the Philippines to come to school I left Venus. This empowered girl and then I went to Mongolia College. Which is the first ever and oldest college for Women in America which has a strong tradition if educating female leaders that would change the world and right out of college and I was working at Goldman Sachs. I was sparked of launching the Investment Banking Women's Network for Goldman and so all of these experiences. Really you know allowed me to appreciate the importance of having strong female role models in women leaders all around. I think there's a surprising number of similarities. I also grew up with a very strong mother. Who set a wonderful example of how to work hard and achieve your dreams but also have a clear opinion and share that I also went to an all women's college so Wellesley and it was a really powerful example for me to see all the leadership roles filled by women because that was just the assumption. Why wouldn't the leadership refilled by a woman? I think couple of differences. I grew up in a lot of other countries. As well you came from the Philippines. I I grew up in China for three years in Japan in Ecuador and France and so seeing gender equality quite differently in all of those countries and comparing that to the United States was a real surprise for me it was it was so different from country to country in China for example. There's a saying that women hold up half the sky and that struck me as clearly women would would have half of the opportunities would be just as strong and through both school but then also work and now I have three young daughters six year old and almost four year old twin girls and so I care about gender equality even more But this has been with me from his as far as I can remember. We NEED TO ACCELERATE GENDER EQUALITY. So we can have it in your daughter's life exactly that quite a bit actually at the rate we're going. The whole world stands to benefit if women participate in the economy identically. Demand according to Quinlan's research at McKinsey it would boost the world's economy annually by twenty trillion dollars. That's the size of China and US economies combined. It's all countries align their gender equality efforts with the progress made by their most impressive neighbors. The world's economy could grow by eleven percent that's twelve trillion dollars. A remedy for inequality is a daunting task and it starts at home from the United States may seem like a developed nation but the United States for the last decade has been ranking in the twenties to thirties and the global gender gap report and so there is a lot of progress that needs to be achieved and one of these areas is an economic empowerment so the gender pay gap still persists here in the United States. The gap has narrowed since nineteen eighty. But it's been stable over the last fifteen years and as of last year on average women have earned only eighty five percent of what men earned and based on this estimate. This means it would take an extra thirty nine days of work for women to earn what men did. As of last year there is also the perception that this gender pay gap is imaginary. The latest survey shows that around half of the men believed that there is no gender pay gap so this is very much like half of the men are denying climate change. You know. It's the same principle of denying Ariel that exists which makes it even more problematic to solve when we think about the intersection of race and gender gap. It gets even worse with African American women getting paid the least on average a second area around economic empowerment for women as access to capital for women. Women receive less than ten percent of venture capital funding and ever ge US women are starting more and more companies access to capital is not as easy for women as it is for men. If you're a woman of color the probability that you'll get funding from a venture capitalist is less than one percent so there is a lot of work we need to do around economic empowerment women.
Trumps speech revealed aa divided union
"I. Today's PODCAST president trump's delivery of his third state of the Union address to a very divided house chamber. The president highlighted the stock market spy election in. US stock markets have soared seventy percent adding more than twelve trillion dollars to our nation's wealth. Transcending anything anyone believed leap to his possible and the unemployment rate the unemployment rate is the lowest in over half a century and very incredibly the average unemployment right under my administration is lower than any administration in the history of our country as well as healthcare socialism and the corona virus outbreak. A few of the most notable moments of the night though the first lady's presentation of the Presidential Medal of freedom to conservative talk show personality rush limbaugh a surprise appearance from along Widodo Venezuelan opposition leader and a memorable moment from house speaker. Nancy Pelosi at the end of the president's address Speaker Pelosi physically ripped up her draft out of his speech Aiming Java's joining us now from Washington. Which I guess we're going to? We got hashtag everything nowadays Hashtag rip it up. Rip The speech trending Amen. Yeah you know. In the old days you used to try to get the sound bite out of the speech that everybody would play on television. Now you try to get that mean that's going to go viral. And this one certainly only did last night that she was asked about that afterward and she said it was simply the most appropriate response given her choice. The the implication being that she could have done something more dramatic and and that was the most polite way she could think of in the moment to express her displeasure with what she had just heard in the house chamber. Brian aim and I need to know. Do you think she she plans to do that. That's a really good question. You know she was. She was holding those notes The the presented speech that she was given by the president throughout the night and sort of holding holding them up and checking against them and following along. Hard to say whether that was preordained. You and there was this moment at the beginning where she reached out to give a handshake to the president. Not Clear to me whether under the president intentionally snubbed her or simply didn't see it because he was focused on giving her the document and then turning back to give his speech maybe she felt frustrated. that he he hadn't shaken her hand. Yeah that's what I I was when I was about to question you aim and that's what I thought I wondered if it was in response to that moment where right you couldn't quite tell. Was He purposely ignoring her. Didn't just look at her and realized that she was extending her hand to him and yet she turned telling the moment he left when he didn't shake her hand. Looked like she the expected him to shake her hand and he didn't and she looked like she felt snubbed. Not Clear to me that the president actually saw the hand go out but look she did not introduce the president with the traditional RUFFLES and flourishes in terms of the language is my distinct honor and privilege to announce she simply said ladies and gentlemen the President of the United States so Ah this was a a a Nancy Pelosi who went in there sort of In in a way dealing with an impeached president not to give him all the honorifics so I I think the pump was primed for this whether it was intentional and preset or not they were. They were on a collision course. And we saw what happened as this ever been this. This partisan partisan because I have to say I didn't like ripping it up. I didn't like the fact that I didn't tell me. Give you some history here is this is this. The way of the world have been Congress people who've decided that they're not showing up before to object. You have to really go back to the nineteenth century I think to see this kind of partisanship. I mean I mean you read about the pre civil war era in American in the American Congress and reading about duals fistfights on the four. Somebody got Brian with a cane and amen because we say it's never been this bad because there there were times when people were dueling. Yeah but it's never been wasn't going anywhere good at the time that that it was this bad before right. I mean so. There's a famous stain. There's a staircase In the bottom of the house chamber marble staircase and there's a stain on that staircase. And it said Eh. Legend is that that's the bloodstain of a reporter who was beaten nearly to death by congressman for asking a rude question. And it's still there from the nineteenth century. I don't know if that's true within the Apocryphal thing that they said but but those years were brutally partisan and physically brutal. We haven't seen actual fisticuffs yet in in Congress. But you do get the sense watching this. That maybe we're not that far from it it was you know the see-saw partisanship that cheering and booing You know it was America's political division on display last
Great American Comeback? Trump's economy has both boom and gloom
"A great night for president Donald Trump and not so much for Nancy Pelosi and the Democrats this is the one o'clock reporter good morning I'm rob carpenter breaking now is a war fighters that we have the best in the world and they either want to fight to win or not fight at all we are working to finally end America's longest war and bring our troops back home a packed house on Capitol Hill president Donald Trump addressing Congress spurs third state of the union speech with a great economy and a booming stock market the president calling the changes since he took office whoa the great American comeback by election U. S. stock markets have soared seventy percent adding more than twelve trillion dollars to our nation's wealth transcending anything anyone believed was possible this is a record it is something that every country in the world is looking up to they admire hello see tweeting Democrats will never stop extending the hand of friendship to get the job done for the people the trump campaign tweeting she might as well rip up any plans for attracting independent voters hello she telling reporters afterward that she tore up her copy of the speech because it was a courteous thing to do considering the alternative adding it was such a dirty speech trucks Iverson
"twelve trillion dollars" Discussed on WTVN
"Companies that don't need to the new green deal type zero emission standards this move will dramatically hamper any kind of energy production any kind of mining forestry farming and ranching all around the world including an estimated twelve trillion dollars in G. P. S. loss to us alone over the next ten years Google announced they're walking through the quantum computing door that dramatically will accelerate the capabilities of true artificial intelligence moving us forward towards the possibility of a singularity type event when computers will become self aware and begin acting independently from their human programmers quietly the latest financial stability report provided by the federal reserve to Congress in it was the fact that the US student loan default rates have soared to almost ten percent of all federal loans and they're now in default over twenty seven percent of the loans are delinquent meaning the lease if it in the least that thirty days late in making these payments. however both of these numbers are higher and worse than they were in the Great Depression. I could go on burning Elizabeth Warren's wealth tax beta when Warren's gun confiscation gangs universal basic income a sees green new deal the fact that sixty five percent of all Democrats now embrace socialism. there is so much chaos in the world. there is so much flux. there are crisis situations we're inundated with these things every single day how are we expected to make through this how are we exposed the to make it. how are you supposed to deal with it how are you supposed to be able to do your every day and worry about all that stuff. well I'm gonna say something very counter intuitive. none of this matters. don't get me wrong it does matter because truth matters justice matters right and wrong matters but the chaos is not in control. the chaos is the noise and the chaos only matters if we join in the chaos and help create more chaos by US freaking out. what if I told you we know exactly how to deal with this. because we have the model we know exactly.
"twelve trillion dollars" Discussed on Heartland Newsfeed Radio Network
"Around yeah and here in indonesia. It's grab. You grabbed him by the sit down. Be careful where you grab here in indonesia <hes> so now one thing that was interesting. We had a conversation conversation around gift cards and why you know merchants are loving this because you're creating a new revenue stream for them and then the the way that you take the information and then create a create a q._r. code or something tell us about that is that sounds really interesting well. I mean the q._r. Code generation is is very simple so as a merchant you don't need any type of hardware are needed download the app and we can generate a q._r. code in any form of currency than the merchant conceit received their local currency. It's converted for absolutely free with no fees. There's not as we know we're not building in any type of crazy arbitrage with these other companies like bit pay <hes> but that's that's the q._r. code. What is is is a big deal ninety five percent of the transactions in china done based on q._r. Code pay and ali bay twelve trillion dollars last year. It's a massive market so so i think we'll see this more in the western states and europe and u._s. as we i really thought that the q._r. code was the dumbest thing on the face is the earth and then occasionally you'd see somebody stick on a billboard on the highway and wonder what the hell are you thinking you know you're going by. You're gonna hit a q._r. Code that's not safe safe but has made q._r. codes functional and cool. That's all you have to say about that. He agrees i agree one out of one brand and agrees the q._r. codes rock that has no they're great in in you know i didn't really know much about until i really dove into the space and started building out mobile mobile mobile pay and for us. It's just it's a great tool and you can program and it's dynamic. You can program it to any currency so it's really like and it's easy to implement so you said you take no fees. So how does how does mobe actually make money we have about nine different revenue models and the the biggest one that we have at this point is <hes> relationships with our third party service providers or third party merchants and retailers we make a i would say a commission from them and we part of our user adoption strategies. We give a portion of that commission that we make back to them to to to incentivize them to use the application. I want to go back to partnerships for more because i think that having partners with wide reach is really going to be the essential essential element that brings crypto. I don't know that it you know your your application. Certainly does everything that you intend for it to do right but whoever gets the partnership deals to onboard hundreds of thousands or millions of people or the ones that all of a sudden they're waltz are going to be in their hands right and i think the problem is that a lot of these companies are going going very forefront crypto. We're really going after the mainstream mainstream consumer mainstream business and we're utilizing the blockchain technology but we're also utilizing utilizing certain systems that we are with these rails that i spoke to you about to bridge the gap and hopefully when you know five ten years down the line we can we can see more more more dopp absolute for the masses. It's so crypto. You won't even know you're doing it. Yeah absolutely i mean for us. It's the friction this application and taking all the different steps out of it and the confusion when it comes to crypto in really utilizing a good user experience within.
"twelve trillion dollars" Discussed on Bloomberg Radio New York
"Could you could actually happen well I don't know I mean I very much appreciate. president micronation involvement but we're not dealing through president my grown people in dealing with us directly we don't have to go to another country we have actually we've had a lot of help. if we wanted from Japan Japan is one of the biggest possibly the biggest buyer of oil they have a big relationship that's prime minister Robbie so we we don't need anybody to deal we can deal directly if we want but other countries are offering help they'd like to see it straight down but they also agree with me we had a great G. seven and they all agreed no nuclear weapons for a run. they all agree no nuclear weapons for over a. that said that they don't want to talk to you last until the US rejoins the cases yeah right having square no well that's not the last statement actually but they did say it in a different form they said that until we do certain other things like drop sanctions and that's not happening okay that will be happening they they did say quite the way you said it but they said it with the same end result and that won't happen is it possible to the refrigerator on in that direction sure anything's possible will they would like to be able to solve that probably got a big problem. they're getting killed financially their inflation is at a number that few people have ever seen inflation that. then it's a very sad situation they could sell but very quickly we could solve it in twenty four hours. but we'll see what happens. I can only say this. when you hear they have their worst year and over. half a century there's a we're sure they've had and that anybody can even remember but over fifty years over half a century. I would think they want to solve the problem. people have no idea you know we've created tremendous wealth. in this country in our country since I've been elected well over twelve trillion dollars they've lost probably twenty trillion dollars one I assumed office had my opponent one within. two years in my opinion maybe less China would have been a bigger economy than the United States would have been bigger. now we're so far ahead of them it'll take them years to catch and we always have competent people sitting here that never be able to catch. we we have a spring board it's amazing what's happened and let me tell you if I wanted to do nothing with China my stock market our stock market would be ten thousand points higher. it is right now but somebody had to do this to me this is much more important than the economy somebody had to do this we had a deal with China had to be done and I'm not even talking about purely economically I'm talking about another way is also. and they were it was out of control and they were out of control so we'll see what happens if they want to make a deal to make a deal they don't want to make a deal that's fine but I I can tell you that having one of the worst team I guess the worst on record and they want to make a deal and if I would ever want to make a deal to but we'll see what happens okay anything else. London with four thousand. of course is a friend of mine and he's he's he's going to add it there's no question about it he's in there I watched him this morning he's he's in there fighting. and then he does have a win forces at a what. don't worry about him he's going to be okay and he's also got you know they have a big stake in the Bahamas when you mention that they have a very big stake in the Bahamas so I know they have one ship that's on its way had a hard time getting there with the weather but it's on its way and they have a lot of people over there so they have a big stake and we've been listening to president trump making some wide ranging remarks to reporters in the oval office a short time ago let's get you updated on the markets.
"twelve trillion dollars" Discussed on The Dave Gram Show on WDEV
"Funky and friendly and almost world famous now the nave graham show on w._d. F._m. and and we are back with one of our guests talk media news a regular feature of the graham show just after the ten o'clock report from c._b._s. He s news and <hes> bob ney joins this morning. Good morning bob how you doing. I'm doing good. How are you no major complaints so far so <hes> what's the top headline today all the top one okay <hes> what's that's always hard because they're always interesting but i'll go to venezuela the top off when his the fact we've held secret meetings with venezuela with <hes> the approval of president madero who <hes> as you know we put sanctions nations against venezuela we aggressively went after them and now we've had <hes> it's been announced with that secret meetings with them with the intent to have free elections. You know redone done. I'll put the big but in here that's really you know great and dandy. We've talked to them trying to keep tensions down a little bit but here's my question question. <hes> i hope well i guess i thought i hope that if they do this then you know who safeguards. They had elections last time he decided diet. You know he was going to be president. Who safeguards all this you know after they cut the deal yeah i i do think that the mere holding of uh-huh nominally known is elections doesn't always settle it does it no and i thought it was a good that they've they've talked and you know and i it was a surprising move. I guess venezuela's getting so much. You know but again if they do this deal. They've got to make sure it's done correctly and that <hes> there's some safeguards in there right right yeah well. We'll keep an eye on that one. It's it's interesting how these recurring stories tend to pop up from time to time and <hes> and get back into <hes> under the radar screen. Everything's elbowing to get onto the radar. Screen seems these days <hes> and <hes> another big another big blip out there of course is are the current financial status of the united states federal government. The bank is broke. It says here trillion dollar deficits what's going on. Yes one point two trillion. I served in congress in nineteen ninety eight. We we had the first balanced budget generations with seventy billion dollars surplus so my how times have changed and <hes> and the fact remains. I think there's plenty of blame to go all the way around here you can you know you can blame the republicans. The democrats house senate all the president's you know since nineteen ninety eight <hes> it's just out of control and here's the other thing for people listening to the show. You know if you've ever talked to your member of congress course hate eight hate me for saying this but if you say to him you know you pass the budget last year. They might answer yes but in all reality it's not that's not a budget. They haven't passed a budgeted fourteen years or so a budget there are thirteen appropriation bills each one defined certain agencies how you spend the money the planning for the agency the excetera then you pass that you mash thirteen to the senate senate passes them back and then you send them to the president. That's a budget yet. They're doing is taking spending ending and continuing at the famous continuing resolution which really no resolution at all i mean to use it in another use of that word and then they get to the drama of it and we're going to go off the cliff and they all you know our heroes and they save the day and everybody goes wow that's great and these these deficits are projection here from the congressional budget office looks like one point two trillion every year through twenty twenty nine i mean i think that's pretty staggering when you think about when you think about it and i just i i look at that. Say are we really. We know this is coming. Are we really not planning or coming up with any ideas for changing this trajectory because you know one point two trillion every year through twenty twenty-nine. That's it's another that's ten years. That is <hes> my quick. Math tells me twelve trillion dollars..
"twelve trillion dollars" Discussed on News Radio 920 AM
"Six thirty six good morning it's Thursday August the twenty second is gonna be another sticky and very uncomfortable affair partly to mostly sunny in very very humid chance of a late day shower with a high of around eighty nine eighty eight degrees gonna feel well into the nineties though the real feel and for tomorrow less humid chance of a morning shower and then a partly sunny day high of eighty and starting ten meteorologist Kelly Bates is the weekend it's a shipment to be dry and much cooler than supposed to be this time of the year with highs in the mid to upper seventies gun Saturday Sunday about seventy two for the high end in the overnight hours open up those windows over the weekend not Hey they'll use the AC if you got it all right but it'll get arrested over the weekend because we should be into the fifties overnight with nice refreshing air speaking to the American veterans organization in Louisville Kentucky yesterday the president offers up a new financial benefit to service members who suffered serious injuries more from fox's colonel Scott on Wednesday the president signed an executive memorandum on his latest effort to ease the burden on vets erecting the department of education to eliminate every penny of federal student loan debt owed by American veterans who are completely and permanently disabled the forgiven dad would be free of federal taxes the president also **** fifty states to immediately wave all applicables state taxes as well about fifty thousand veterans qualify but the White House is only half have received the benefit due to complicated applications colonel Scott fox news six thirty eight now new projection from the Congressional Budget Office projects the federal government will have more than a twelve trillion dollar deficit through two thousand twenty nine for the bean counters out there that's an increase of more than eight hundred billion from the C. B. O.'s last projection in may CBO reports one of the causes behind the increase is a bi partisan congressional deal to increase spending caps that are adding about one point seven trillion dollars to the deficit over the next decade also contributing to the increase is hundreds of billions of dollars in spending on disaster relief and border security to and this is all from the hill reporting that mention that twelve trillion dollars in deficits through twenty twenty nine while Washington governor Jay Inslee no mossy says he's dropping out of the twenty twenty democratic presidential race initially focused his campaign on fighting climate change calling it one of the most important challenges of our time so he's out even push the Democratic National Committee to host the climate change debate too by the way but the DNC whether rather wisely refused Insley is the third candidate to lead the race after California congressman Eric Swalwell and former Colorado governor John Hickenlooper also went to the wayside went to the curbside so the next debate among the Democrats coming up in September it looks like it's going to have to be back to back again they have a ten qualifiers already they're expected to have a couple more so if it goes over ten they going to have an on two consecutive nights not exactly must see TV it's six forty newsradio nine twenty one oh four seven FM to the traffic.
"twelve trillion dollars" Discussed on KDOW
"Democrats about the economy that's in reaching them and their families their job is for everything wages are going up they were up three percent jobs jobs numbers nothing they've been told wages three point one percent that's nothing hello says home prices are going up seven over seven percent well wages going up three percent that doesn't work so the economy is not doing good what's doing good has been the stock market because there has been a massive credit mobile that was great since two thousand and eight so he actually they gave us said where the consumer is really a comp that yeah he's confident are right because you can go out he knows he can go out and get another credit card is confident because he knows the in the mail will come credit card offers which era it I for forgot the number with the number of credit cards come in the mail everyday is in it's absolutely unbelievable and he's confident because if you think about it we have a household that but he still gets credit cards think about this we have a historic one trillion and credit card debt that's historic yet one point one trillion and although death that's a story we have one point five trillion in student loan debt historic never been that high and we have twelve trillion dollars in mortgage debt just about sixteen trillion household debt as an aggregate that's the store number that's a massive that's massive debt we become Dutch slaves how does she supported because of a massive credit bottle for the past ten years what our owners have been doing is making sure that they keep interest rates whoa and as long as a person could should go to the car dealership breathe into the rear view mirror and fogs up he gets a loan no problem he gets it confidence credit cards an average person will have five credit cards the sixteen thousand dollars he doesn't even care what the interest rates are think about this in the past five years interest rates on average seventy percent has increased by forty nine percent as a seventeen the interest Americans paid other credit cards one hundred one billion two thousand and eighteen I want to warn her thirteen billion and two thousand nineteen or a four hundred twenty two billion so think about this for two thousand seventy to two thousand nineteen we went from one hundred and one billion in interest payments to a hundred and twenty two billion rates go up and today by the way when they cut interest rates credit card companies will get seventeen percent on average they're not gonna cut their rage with the fed most the time they increase it an average person is paying seventeen percent on sixteen thousand makes.
"twelve trillion dollars" Discussed on KGO 810
"Your previous employer must maintain your plan if you don't you don't need to withdraw the money right away you can let your savings earn interest income investment income I'm sorry excuse me on that one year your savings can earn in investment income you can start taking Ricard mission minimum distributions from your account by April first following the year you turn seventy and a half and again our Indies are based on your life expectancy in the account balance as of twelve thirty one the previous year and that might be more than you want to withdraw resulting in a higher tax burden but as long as you don't get a tax or bracket creep I think that's okay reality is what we talked about this at this past week seminars covers broke they want their money they want you take out the further formula because I'm sure somebody's figured out that there is there's twelve trillion dollars of four one Kayser IRES right now and it when everyone in the percentages acts and therefore when you ever take out why then that's going to minimize the law so it's just kind of how it works but you can't do a couple things with your money you can reinvest your are your can reinvest your arm dis are you can't contribute to a four one K. after retiring from your job at the company so but you can elect to roll over into an IRA but you can't contribute to a traditional after seventy and a half would you can't contribute to a Roth for your whole life I distribution through traditional retiree accounts are subject to normal income taxes of they said you know those are just kind of a a couple things here again what we want to do is one aim to help you for the future by taking all the pieces of the financial puzzle into account in creating that financial plan that access is all your retirement needs on jeopardy wrist in the state planning goals there's no one size fits all approach to planning you know in my approach might either to the team is we want to work with you to find that right approach that a that aims to accomplish your long and short term goals while many me minimizing taxes so again this is you know move a stainless self from self promotion just remind you if you wanna take advantage or compliments review eight six six four nine six twenty.
"twelve trillion dollars" Discussed on WGN Radio
"Firm joins us in the studio again she's been a guest on this show before we talked about student loans her specialty is debt forgiveness in that area but we're not gonna need rake Kaplan anymore because Bernie Sanders or Connelly heresy gonna take care of that right that's that's what they're saying yeah which I think I'm be honest has very little chance of passing either one of their proposals with the both run for president so that's why they're getting some attention on this it may be why they're even putting forward campaign thanks or or bills I mean a Bernese case it's a bill that he's co sponsoring that would forgive all student debt but I think what he's doing is is trying to buy votes this is a way to do it I think you're right I I think that this plan that he's proposed is would be unprecedented and it would actually have very bad consequences downstream consequences in terms of the economy and it it I think it's a fundamentally unfair plant basically what he's proposing is to wipe out all federal student loans for everybody there is no there no eligibility requirements so somebody making three hundred thousand dollars a year and has federal student loans they get forgiveness just the same as somebody making twenty five thousand dollars a year with a hundred thousand dollars in federal loans they both get their loans wiped out the taxpayer takes a loss and that that's about one point twelve trillion dollars or maybe it's even more one point six zero point six trillion and the deficit is currently at one point one zero trillion dollars so that's adding another one point six trillion to the deficit the idea is that the that I if I have one of these loans private or public right right it would be it would just be eliminated right on if it's a federal loan and I don't pay it off now then is that the federal government that takes that long right the department of education what if I got it from a private lender right then the bank will take a loss or actually would usually be the guarantor usually the bank has been paid by a guarantor and then the guarantors would would take the glass is the guarantor private corporation yes well I just think that's a proper preposterous now what I know the one thing the Bernie Sanders said was we did this for the big banks we do this for mortgage companies in two thousand eight or nine right when we bailed out the banks because we did it is still the economy was on a precipice I was for that at the time and I didn't get a new washing machine I didn't get a rebate on a new or used car get all these programs trying then re stimulate the economy I I benefited from none of that but I was sufficiently frightened that everything was going to go in the Crapper unlike okay right and now that we know now we're keeping score and I so and I know that some of those some some of those loans out of don't typically they were called loans but I notice some of those institutions paid the government back maybe all of them didn't believe sets Bernie's rationale that if we bailed out the rich guys Wall Street then we can bail out the average people who are just trying to get their kids through college well what's interesting though John is that we already have a statute that provides for anybody with federal student loans to pay ten percent of their gross disposable earnings every month and then after a hundred twenty months if they're in the public sector or after three hundred months.
"twelve trillion dollars" Discussed on WAAM Talk 1600
"SAT J s mindset dot com line folks Bill is one of the best forensic economic analysts in the world. Bill. Welcome back to operation freedom. Okay. Bill allots a lot's been going on in the financial world this week and had like to have your take on Bill halter's big financial radar screen. So your take on what occurred this past week with the Federal Reserve. Well, the Federal Reserve of. And the other large central banks, basically pulled their skirts up. That's a good way to put it. What we've been saying? For years now. Is that? Fed the other central banks. They cannot normalize their balance sheet, they never normalized their balance, sheet say, normalized, they've bought all these. Monetize debt is what they've done. They can't monetize it. So basically. Their stuck. They can't raise rates. You saw what happened when they raise rates, what three quarters point in total? Culminated back in December, we had a near meltdown. And then they reversed and said, we're going to stop tightening now they're going to start lowering rates again. And you've got over twelve trillion dollars in debt globally. It's trading at negative interest rates, which is I guess you could say it's an impossibility. If the system were to have negative interest rates that is definition of the snake eating its own tail. Well, I in fact, global negative yielding debt hit a record just now of twelve point three trillion this week, correct? Right. So that and see people say, well, okay. Well, what's the big deal there? That's a huge deal. People are in, quote, if you want to call this investing money. Let's say today and because of negative rates getting less out getting less out when there will bond..
"twelve trillion dollars" Discussed on Bloomberg Radio New York
"By looking like the largest in around two years. What do you think that thirties are trying to do here, and what sort of message they sending? Yeah. I mean, I think that to start off with this Oviously the, the number seven with this being a real fixation on will breakthrough one at breakthrough defending could they use the, the currency as a weapon, I think leading into a into a potential in and probable mating between the leaders in June of the G twenty we could see this strengthen at least stabilize and remains suddenly below the number seven but it depending on the outcome at that meeting. I don't think seven becomes some sort of line in the sand obviously with being above that before a week before the band around the, the fix has the low abandoned faded through that recently. So what we're probably seeing at the moment is just. Some, some sort of attempt to, to make certain that number doesn't push through. And in inflame the potential conversations that we see later this month. One of the big moves made yesterday which really freed up a lot of money to rush into equities was very much risk on time in China markets was the federal government in China allowing some of the local governments to free up their spending from funds that they raised through special bond sales in the end, you know, is that a good thing for markets or is that something that you think may take closer to a blow up in debt? Yeah. I think that those, those actions taken number one, it's not an enormous amount of money that will flow out there, but it's an important to mountain it's targeted at the right areas that could help Chinese growth, but it does work against this medium-term requirement that China reduces the amount of debt sitting on its balance sheets and helps to. Deliverance the broader economy while this so much uncertainty around the nature of the relationship with the US while this much uncertainty around the cyclical headwinds that have been facing China for the last twelve months. It's likely that we're going to see some more targeted policy and Motagua -ted stimulus to try and protect the though, cyclical drivers, ultimately the China will have a reckoning day. It's just whether or not that's six months down the track. Twelve months down the track. Threes, down the track, and hell, sinus. Authorities contend tips off when the sequel momentum does improve. We'll be very, very important at the moment, we work on the assumption that they won't be immediate credit crisis. But the risks down the track to increase with these sorts of actions and is part of the reckoning day, also going to be reflected industrial. We've got CPI PPI coming through today. What are you expecting them? Yeah. I mean, I think globally inflation is, is quite low. And I think if we look at cross China if we look across the US, Australia developed markets. There's not a real lot of impetus for for inflation to push higher anywhere. And that really is reflected reflecting. I think the fact that not just US growth is his patron facing cyclical headwinds China grosses has certainly picked some sometime in the past facing sequel headwinds, but global growth in its entirety is pick some sage last year in his facing some fairly strong sequel headwinds. So that's, that's why I think central banks have pivoted around the world, and why they're, they're looking at easing policy. At least saw or turning a little bit more dovish. So you've got twelve trillion dollars parked in negative yielding securities, take basically Europe and Japan, does that almost necessitate US yields being sucked lower. Yeah. I mean, I think that. Will that will happen? So we're going to see I think we'll see the, the fed cut and ultimately, I think I will have to do more quantitative easing over the next few months, and there's a bit of a vacuum there in the near term. Why credit spreads might tighten a little bit as well. But give that out that outlook for.
Uber loses more than $1bn in first quarterly report since IPO
"And Yuba has reported a quarterly loss of over one billion dollars. That's among the largest of any public company on more than its rival lift lost in all of twenty eighteen but the ride hailing firm, laid out a Paul, the bringing costs down the company, CFO says they'll cut back on customer promotions and will reign in marketing expectations. So to discuss all this. We've got Bloomberg intelligence analyst, Matthew blocks with us in the studio. Matt, great to see you again. How will the results then competitive expectations, they were pretty much in line. I mean the company had provided a range on the kief entre metrics when they published the perspectives. Most of those metrics came in at the veteran that range and that was laws. You wear analysts had kind of estimated that come, so, you know, no big surprises really all natural numbers. Did you say much to reassure investors about the outlook and this is what people are looking for incrementally? The they made some encouraging comments nothing specific. They didn't give any specific financial guidance US companies tend to give a range for the next cool tool. Revenues, I didn't do anything like that. But they did say through q one to q two they'd seen an easing of the competition that's been putting a squeeze on profitability. That's kind of giving them something about the kind of the potential to kind of still easing losses and make some kind of money on their by sharing business going forward. So I'm wondering what explains the share price reaction was at to with outlook was at the fourteen percent increase in revenue even though we're still talking about an awesome making company. I think is that outlook that I mean, if you think about it, they make a direct margin of minus four and a half percent on that right sharing business, which you'd think that if you're going to be in a business, you need to be making some margin on that the reason they haven't been this because they being incentivizing drivers been incentivizing customers as grow this business to the encouraging signs, as you mentioned that going to kind of ease the promotion activity that doing the competition seems to be doing the same kind of sales marketing promotional pressure on the business for the next couple of looking at lowering marketing expenses. Expectations as I said, you bring that up. But also the other thing is the question of how it's going to grow into Asian because one number analysts have their eyes on the growth of gross bookings, and that slowing so going to grow to the valuation, as a business gets bigger. You expect that, that growth naturally, but sales growth in gross bookings is really a key metric for this business until that she's thought to make some real profits. It's a combination of raising the number of rights kind of use of the service, which is partly through how much they use the ridesharing. But also how much of these things that you very these new businesses like freight got things like mopeds and scooters. They took about twelve trillion dollar market opportunity, and they need to convince people can really growing about one percent point one percent of the moment says about how they can grow into that. He they see and just very briefly analyst commented in a note. Another key question is, how as they cut losses if that even happens that would impact long term, demand, Yuba services could open a door for analyst to spend time digging into more fine grain metrics, a great. I think I do. Competition. Is that the position of markets, but people lift are expanding as well. You've on the east side at delivery, just those kind of businesses. So I think we're kind of looking at a few years of intense competition, the spaces people Bill platform. So it's going to be fluctuating. But convince people that they can kind of
"twelve trillion dollars" Discussed on Bloomberg Radio New York
"He's told A J P Morgan spool to think about yields climbing with a hit full percent five percent or even higher, but he declined to give a full cost of where the heading by year's end to four five. Whatever today is extraordinary low, and when governments bought twelve trillion dollars of sovereign debt that had to have it affecting tenure and now America's reverse a little bit ECB hasn't Bank of England has Bank of Japan hasn't. They might have to one day. So I I don't I think four percent when you having really good growth is not a bad number J P Morgan CO, Jamie diamonds speaking exclusively to Bloomberg the loss on the tenure yield was at four percent, by the way was in twenty ten and also Jamie diamond was last year calling for that ten year yield to hit five percent that didn't happen. Then did it Federal Reserve? Vice chairman Richard Tarata has pushed back against speculation. It will cut interest rates. He says the central Bank is in a good place on the current policy. Stalls will bring inflation back to target these comments echo, those chairman. Jay Powell last week's news conference inflation has been running on the soft side recently. We think there's some temporary factors to at least some of that. So our baseline view is that inflation will begin to move towards our two percent of Jackson, but we're certainly looking at the data closely that was fed vice chairman, Richard Travers at speaking exclusively to bloom back in top corporate, news comments Bank has met estimates for revenue of two point one six billion euros in the first three months, the German lender added one hundred twenty three thousand you retail customers fueling better than expected results for net interest income the numbers should give a boost to chief executive Maltin zioka off to the breakdown over merger talks with Deutsche Bank for more on that story. I'm joined by Bloomberg intelligence Eubanks on list. Philip Richards, great to have you in the studio. Thanks so much for joining us. So other signs from this set of results that komo's Bank actually has a credible standalone strategy off to those merger talks with door. She failed. There are some signs. Lending growth is better than expected. Numbers are up. But also some of the beat today was many different by charges and they've said in outlook statement, that's not sustainable going forward. Villes? I've only two percent holidays. So no, I think conditions L still very tough is the lowest of any banking you. Yeah. That profitability certainly key. Who is there? Anything management can do to boost ratings or the week prospects now entrenched this very low. I mean, the main way you have to do is w so the top nine differently candidate Lucille language, mostly can but the margin pressure. We've continued to full food is dragging down. That's why dentist income is not growing that thing with the Ken on cost for the fact is very hard to cut those on self number within Germany. I said that is failing to come through. So both mine is this very differently candy. It's komo's Bank now in play then as it were of the banks may look to merge with the Bank. Did we hear anything of note today on that on that today? And this update is being nothing on the cool on the moment, which is an ongoing now but Kennedy album play. This is way we took that sub team sent to Tabango for the biggest savings. The biggest even apple but the banks today but apps as well UniCredit is the most likely through this subsidy hype Ryan Bank. But also, I n g they have a retail operation code diva by Jimmy mainly online business, the cost saving potential is pretty limited. Thanks, you mentioned the conference call is still ongoing. I'll let you get back to it, very briefly. What would be your top question? The first one is back to what can they do banks? They have to give some source quiz faculty. Simply not good enough that needs to move. This behalf of the send three four percent to get it to cost to capital. Great to have you with us Bloomberg intelligence Eubanks, unless Philip Richards and thank you for taking the time to speak to us. We'll let you get back to that conference call on comas Bank and just to take a check on comas Bancshares as well. We have seen them react, positively in today's session to that earnings reports right now, though Hsieh's up nine tenths of a percent. Let's get the latest on the global news now with John Kerry's. Yeah. Good morning navy around his back peddling on promises. It made his of the two thousand fifteen nuclear agreement to the country says it will receive high a uranium enrichment if new tariffs owned reach within ninety days around said it would respond to the latest US sanctions. The Trump administration increase the president Bryant refusing to extend waves than on eight countries to impose a vein in oil. Elsewhere you as President Trump support Stein. Waiting food to North Korea through a United Nations agency. Bloomberg's Peter pay says Trump and South Korean president moon. Jae-in discuss the noose conic of food shortage by the phone coach focus on north coast weekend weapons tests. The two spoke also about North Korea's chronic food shortages with Trump reportedly telling mood that providing food to the heavily sanction country would be a positive measure US allies have been so far cautious. We're doing so out of fear that the food would be your support that countries weapons development in so Peter fable, daybreak Europe, South Africa heads to the polls today this amongst the twenty fifth anniversary of the first democratic post apartheid elections in nineteen Ninety-four. Bloomberg's ammo Imbaba has more. While opinion polls point to the ruling African National Congress extending its quarter of a century. Hold on power from poor Sunday's a decisive win to quote, a position in his faction ribbon. Potsy a narrow victory could embolden his critics and may force the party into coalitions. Limiting his policy options in Johannesburg Columba. Bloomberg daybreak Europe. And the Danish -pointment is his cool did general election for the fifth of, gene. But if the Nick Wrigley, oh says climate change in immigration talk of ages concern, most pose the outgoing centre-right government would be defeated by more left-leaning block, which is led by the social democrat. Their forty one year old leader method Frederickson has pledged greener policies and has embraced the tough stance on immigration luring voters from the right one of the new parties running in the election is the controversial hard-line movement of revenues powder. Dan, convicted racist in Copenhagen, Nick rebelo. Bloomberg daybreak Europe cable news twenty four hours a day on Erna, take token twits at pump by more than twenty seven. Nine hundred journalists and unlistenable the one hundred twenty countries, I'm young guarantee. This is Bloomberg Nara. Leeann thank you so much now.
"twelve trillion dollars" Discussed on Biz Talk Radio
"Do I think that the government is inevitably going to do this? No, I don't do. I think they can. I think they could if they really wanted to. Obviously, I think things are going to have to get worse. The socialists elected to congress would not help that situation. I am hoping for Americans. To come to their senses and not elect anymore socialist to congress or we will have this situation. So we need to be careful. Remember there? My motto is to share the well that means your wealth if they can get their hands on it. They're going to share with everybody else why? Because they're going to have to. We're gonna have to is no other way to pay for their is literally about twelve trillion dollars of wealth trillion dollars in IRA money. That's an awful lot of money not enough to do what they want. But they might think it. So I think it can't be reading all the bloggers and all the things they've got something to sell their fearmongering. There's a reason why they're feel Munger mongering. You know, an and I do that too. Maybe I should do it. If I did it. I probably wouldn't have to be asking people to partner they'd be coming out of the woodwork. But that. Would be less than honest. And I'm not gonna do that. I'd rather lock the doors out before I do that. But they they are profiting by all that fear mongering, and we have to take all of it with a grain of salt. Okay. Thank you. All right. Eric. Thank you. I appreciate your call. Eight four four seven zero seven fifty five thirty three eight four four seven or seven fifty five thirty three fewer and a two year..
"twelve trillion dollars" Discussed on FinTech Insider
"Down the road concludes its transactions in seven days to new it gets a conversion rate of the new benchmark it yet, and you can use the machine learning to say if you were to do certain business practices that they do then you could make that kind of improvement in your business performance, you can consume it through another platform, like, Microsoft dynamics. Right. You got the visualization defects? It takes assignment to the next level. I mean, if you look at the maturity levels of what happened why it happened? What's going to happen? The mortgage solution some of scrabble gives you actionable insight to how do you make it happen? It's so specific to the point where it says the second page of your mortgage application, you're very five percent people drop in change the textbooks. Because this is where you lose customers. Managers crying for that seem out of. Times you struggle to get the analytics of your inefficiencies in a business all because we talk about we say a lot of banks digital used to pay a process. So they've used digital to replace the Bank stuff used to do not truly not might not be the optimal digital process. So as some free engineering in this as well that you're starting to encourage by showing people weathers flows. All which is yes, you could follow your old process, and and scanning the PDF, and then wait for a few days for somebody else to get it through the post or you can do it this other way, which kind of reduces which increases you conversion on that second part of the sentence becomes key. The why the business impact of it bringing through different level, right? You know, people have been looking at people like me from customer level. But you're talking about Bank to Bank data sets completely different game. In terms of actually how you do it. And that that level of Asian cross Bank could be dramatic and like you say conversion rates on occasion forms or even just acquisition in the first place in terms of getting there. Rates. Right. So that's pretty amazing to your point. And we'll give you an example. So we used to language use we use digitization and digitalization as two different concepts. So he's digitization as you describe for the limitation of paper based human processes that can be automated digitalization is an opportunity to rethink business process, which your point what about rethinking reengineering, we'd use rethinking business process between banks. His an example, we have Beiras nations about ten to twelve trillion dollars of complex loans.
"twelve trillion dollars" Discussed on Rich Dad Radio Show
"I can load up again. Forecast book came out because I have a bubble model. Gold did bubble up seven point seven times and several years more than the stock market in a lot of other market, and it did crash like every bubble, but it based out, you know, between thousand and fourteen hundred for good while and I think it may have one more drop. I'm just looking for the deflation play in deflation just does not work into goals advantage from what I see. But I now see that the the lowest I see it going. It's more like seven hundred and then you'd have a long-term market, but you know, the gold intimately goal goes with commodities more than anything already thirty year commodity cycle. What peak in nineteen eighty almost all commodities and gold and silver, and they all crash together in early to mid eighties in how they make happy told me as four hundred. So so Herod you big deflationary period coming you. Yes. I do. I mean things go in stages. You get mild inflation, you get high inflation. You get falling in place, and you get deeply, and this is the condruct way that Russian economists in discovered in the early nineteen hundreds and it plays out over and over again. It's just like every business Eichel innovation growth. Boom. Shake out to see. The Lakers leaders are maturity boom in the clients. It's the same thing. So deflation is the next step. I always ask the conham, especially the the gold bugs like Peter ship. That's all I hyper inflation all this time on said, okay. We printed twelve trillion dollars on top of the normal reserves in the last, you know, nine or ten years, and we got zero one two percent inflation the most countries. What do you think would happen if we hadn't printed twelve trillion dollars, which normally any other time in history would have obviously inflation? Mary and the answer is we would have been in deflation, we started at deflation period that I predicted decade before two thousand eight two thousand twenty three I call it the winter season demographics peak in a fall bubble boom. And then that bubble burst and all the debt around it. And that that destroys money in debt in in in wealth, and in that causes less money swirling around and you get deflation and assets, you get deflation and consumer prices and that was the Connie from nineteen thirty to nineteen forty two. That was the winter season. We were going into that. And how did the central banks stop that? Or put it off print trillions and trillions of dollars of money. And when that started wearing out Donald Trump gives a trillion and a half of three money tax breaks businesses when they have the highest profits and all history compared to GDP. What's the bad news here? So. Title the greatest opportunity..
"twelve trillion dollars" Discussed on NewsRadio KFBK
"Well, if it's getting smaller, you better come up with some new price is right, or you better be very very predatory with your competition. But that's that's that's what you the the the markets that you wanna be in is one that's expanding. That's right. And you want to get in front of the baby boomer's to baby boomers aren't going anywhere. The baby boomers are currently fifty five. Seventy four years old is eighty million of them. They they have about twelve trillion dollars in the Bank. And and they're they're moving south because they want to be warm. I'm in Florida now. You gotta see him. If this this group of of senior citizens that are that are pouring into Florida. My God, it's record numbers. Yeah. But but the real story are the people that are fifteen to thirty four. That's generation why these are the people that are starting households need to live somewhere. Do not have the space, which is why housing is going to spike will they will they rent or buy that doesn't matter. They need what they need is a place to live. Right. So right now, but we're seeing and we're seeing this all over Texas. And we're saying I just thought in Virginia they can't build apartments and condos fast enough, they just and same thing with southern California. They cannot build them fast enough the kids these new kids that are that are finally leaving their parents homes in leading the basements rolling away on deserve and getting married. The leading edge of them have to live somewhere, and we're twenty five million housing units short of our needs. So a good business to get into housing. Well, what's interesting, too is in some cases, the parents are moving into the kids basement. That will happen. Yeah. I I don't know what we're not seeing a ton of that yet, George. But you know, I may think about that. Because I have you know, my kids are now starting careers, and and doing all kinds of cool stuff. And I've never thought of that interesting where where do we stand in terms of in this country, demographically with male female, what's happening there? It'll be it really depends. But it will always be like fifty one forty nine fifty one females forty nine male. That's what the average always. Is. It always is. I I can't really tell you why. Because but the women live longer. Right. I'm in Florida. So we look closely at the numbers Florida and the men will live seventy five seventy six and the women will almost be bouncing off of eighty one. We think the men divan terribly. I made that up. But. So there's there's always a percentage a higher percentage of women because of women living longer. Let's talk about newspapers again..
"twelve trillion dollars" Discussed on KNST AM 790
"It'd be very very predatory with your competition. But that's that's death. What you the the the the markets that you wanna be in is one that's expanding. That's right. And and you want to get in front of the baby boomers the baby boomers aren't going anywhere. The baby boomers are currently fifty five. Seventy four years old is eighty million dollars. They they have about twelve trillion dollars in the Bank. And and they're they're moving south because they wanna be warm. I'm in Florida. Now, you gotta see him. If this this group of of senior citizens that are that are pouring into Florida. My God, it's record numbers. Yeah. But but the real story are the people that are fifteen to thirty four. That's generation why these are the people that are starting household need to live somewhere. Do not have the space, which is why housing is going to spike will they will. They rent Ken. Or by doesn't matter that they need what they need is a place to live. Right. So right now, but we're seeing and we're seeing this all over Texas. And we're saying I just saw in Virginia. They can't build apartments and condos fast enough, they just and same thing southern California. They cannot build them fast enough the kids these new kids that are. That are finally leaving their parents homes and leading the basements rolling away on deserve and getting married. The leading edge of them have to live somewhere, and we're and we're twenty five million housing units short of needs. So a good business to get into housing. Well, what's interesting, too is in some cases, the parents are moving into the kids basement. What happened? Yeah. I don't know. None of that yet. George. But you know, I may think about that. Because I have you know, my kids are now starting careers and doing all kinds of cool stuff. And I've never thought of that interesting. What where do we stand in terms of in this country, demographically with male female, what's happening there? It'll be it really depends. But it will always be like fifty one forty nine fifty one females forty nine male. That's what the average always. Is. It always is. I I can't really tell you why. Because but the women live longer as he in fact, I'm in Florida. So so we we look closely at the numbers in Florida, and the men the men will live, you know, seventy five seventy six and the women, you know, will almost be eighty eighty one we think the men divan terribly. I made that up. But. So there's there's always a percentage a higher percentage of women because of you know, women living locker let's talk about newspapers again..
"twelve trillion dollars" Discussed on KTRH
"Is right, or you better be very very predatory with your competition. But that that's just what you the markets that you wanna be in is one that's expanding. That's right. And you want to get in front of the baby boomers the baby boomers aren't going anywhere. The baby boomers are currently fifty five. Seventy four years old is eighty million of them. They they have about twelve trillion dollars in the Bank. And and they're they're moving south because they wanna be warm. I'm in Florida now. You gotta see him. If this this group of senior citizens that are that are pouring into Florida. My God, it's record numbers. Yeah. But the real story are the people that are fifteen to thirty four. That's generation why these are the people that are starting households need to live somewhere. Do not have the space, which is why housing is going to spike will they will. They rent Ken. Or by doesn't matter. They need what they need is a place to live. Right. So right now, but we're seeing we're seeing this all over Texas. And we're saying I just saw in Virginia. They can't build apartments and condos fast enough, they just and same thing with southern California. They cannot build them fast enough the kids these new kids that are that are finally leaving their parents homes and leading the basements rolling away deserve and getting married. The leading edge of them have to live somewhere, and we're and we're twenty five million housing units shorter by needs. So a good business to get into housing. Well, what's interesting, too is in some cases, the parents are moving into the kids basement. Yeah. I I don't know what we're not seeing a ton of that yet, George. But you know, I may think about that. Because I have you know, my kids are now, you know, starting careers and doing all kinds of cool stuff. And I've never saw that interesting. What where do we stand in terms of in this country? Demographically with male female what's happening there. It it. It really depends. But it will always be like fifty one forty nine fifty one females forty nine male that that's what the average always. Is. It always says, I can't really tell you why. Because but the women live longer. Right. In fact, I'm in Florida. So we we look closely at the numbers in Florida. The men the men will live seventy five seventy six and the women, you know, will almost be eighty eighty one. We think the men dive. I made that up. So there's there's always a percentage a higher percentage of women because of, you know, women living longer, let's talk about newspapers again. And and it seems that younger people are not reading newspapers not at all. Everybody's getting things online short quick sentences though, read about three or four lines. They'll get their story in that'll be it the day's newspapers they're going out the window. These papers the history and the last readers of newspapers are baby boomers and the baby boomers are currently about fifty five to seventy four years old. So it's it's just you know, it ain't gun paper is, you know, for the news is history. I mean, I know when I wake up in the morning first thing, I do dry bridge, FOX CNN BBC up as much as I can see online. I make notes for what we're going to talk about on the show tonight. I send out little emails to my staff. Hey, I want this newscast. I want this. I want that before I even get to a newspaper. I've read most of the things that are going on precisely it just it's it's technology, and it's changing, and it's it's cultural and generational. How would you handle this? If you're an executive, but one of the three major networks. How would you are even four non that? We we we have FOX. But how would you handle your evening news on ABC CBS or NBC? Because by the time, you get to the evening news. Everybody knows everything already. I tell you what I would do. And I would I would just simply, and this is my advice to to mass media is concentrate on the baby boomers they're going to be around for another twenty years. There's plenty of money. They're there. It's where all the money is concentrated they are skill consuming. There's this whole what they call bully factor where the the baby boomers are buying for their kids and their grandkids. So if if I was in broadcast, that's who I would be after because it doesn't make any sense to go after anyone else. And would you reformat your presentation? Yeah. Well, you want to do business with the boomers you have to remember three things and that is make my life easy. Save me some time and don't rip me off. Yeah. I'd make sure that my format was exactly formatted to the baby where does Russia stand like this? What what's happening in Russia? Russia has an old sick population. Russia has forty percent of the world's resources. So they're essentially a gas station. Do you know that Russia's GDP is a one and a half trillion? Art student loan debt is one and a half trillion..
Why the race to 5G is a bet on a multi-trillion dollar economic impact
"This marketplace podcast is brought to you by g. suite by Google cloud, a suite of cloud based productivity tools that includes g mail, docs, slides, sheets, and drive. You can make real time updates to the same document without having to keep track of multiple versions. And since all the tools are cloud based, your whole team can access the same document and work on the same page at the same time, make it with g. suite by Google cloud learn more at g. suite dot com. Why the raise to five g. is a bet on a multi trillion dollar industry from American public media. This is marketplace tech demystifying. The digital economy I'm Ali, would. The next generation of wireless technology. Five g. could be a huge deal. The speed, the number of devices that can be connected could spawn entirely new businesses that we haven't even thought of yet. Last year chipmaker Qualcomm and tech research firm. IHS technology put out a report that said five g. could enable twelve trillion dollars an economic output across the world by twenty thirty five. Not to mention some twenty two million jobs the report quite sincerely compared five g. to electricity. Now, compare that to four g. which just in the United States contributed about half a trillion dollars to the economy in two thousand sixteen and even a whiff of that potential is why there's a race to get to five g. I between companies and even countries Scott Tong for marketplace, reporter and former China correspondent. He said the US was a four g. winner and China doesn't want that to happen. Again, companies the innovation that was built on this technology, right? Whether it is. As social networking or gaming or video. A lot of those companies that built their products on top of this infrastructure or American company. So the US was kind of the hub for this, you know, giant economic boost for the country, and that is why so many countries. I mean, you had the European Union, Japan, South Korea, all investing billions in this tens of billions. And then of course there's China which has invested more than any of these competitors as far as the infrastructure. So the assumption is, if you're, I kind of build this ten lane superhighway in the sky that you know, if you build it, they are going to come right that these companies in these innovators are going to come to your country. What are people saying about the challenges of rolling out this infrastructure? One of the great big challenges that comes up over and over with five g. is how expensive it is to build the network on. One reason is because of the nature of the frequency where these signals are going to be transmitted is the. The cells are going to have to be really close together. So every little physical piece of the infrastructure is going to have to be much closer together than it is now. Now they don't have to be this big giant cell phone towers. The nature of the technology is could be a small little pizza box size thing on top of a light pole. But all those have to be installed, you have to negotiate with the city or the owner of a house table to put it there. So one of the price tags that one of the consulting firm said was on the order of three hundred billion dollars in the US to build this out. So what is the timeline for the rollout compared to some of those other places? So the first five g. phones, there's talk that they'll be coming up in the next year in two or three years. There's talk that some of the networks will be commercial ready to move into this internet of things. These machines at talk to one another will be out in the market. You know, what's the broader timeline? Well, eleven folks in the industry. Talk about a five year rollout and even more broadly that each of the past generations. Of wireless technology. Three g four g each of those generations has been about a decade. So maybe that kind of order of magnitude Scott Tong. It's a marketplace reporter and our former China correspondent tomorrow on the show. We'll talk about the tension between companies who want to roll out five g. infrastructure and the cities who want some say in that process. And now for some related links? No. The new pixel phones that Google announced yesterday are not five g. enabled. That's not a knock. I'm just pointing it out because it's related. But Google did announce its own new smart speaker with a display attached. It does have built in YouTube. So if you like so many people use your smart speaker as a kitchen device, you now have kind of a little kitchen TV. Also, unlike Amazon's echo show and the newly announced Facebook portal, the Google home hub does not have a camera built in. So other than collecting all your data, it's maybe a little more private. Now I ran a little Instagram pole earlier this week to see how people felt about the portal, the echo, the Google smart speakers, and even apples kind of sort of Syrian abled home pod, and people were not that enthusiastic. So let's increase the sample size Email me. Are you into smart speakers in general, or do you think they're the world's cleverest. National voluntary in-home wiretap. And does a screen or a camera make a gadget like this more of a must have or more of a? No. Thank you. Never in a million years kind of thing. MP tech at marketplace, dot org is my Email address, and this will be part of a conversation later this week. Also I got a great Email from sell about how he loves to listen to marketplace tech and make me smart with his teenage daughter. But he said she asked him, why does she always say she's a nerd for being smart? He writes, I didn't know how to answer that, but unconsciously, you're saying all the young girls in the world. If you're smart, you're nerd. There are so few girls in the stem field and you've done numerous stories on this subject. I love it that you're smart and educate all of us on a daily basis. You are a leader to all the young girls in the world. So please stop saying you're a nerd. Thanks for the Email, Chris, and that was super interesting because I guess I thought it was a good thing, like owning it reclaiming the term I like being a nerd, but now I'm gonna think on it some more because you make a good. Point I'm Ali would, and that's marketplace tech. This is APN.