35 Burst results for "Twenty Billion Dollars"

Fed Considers Tapering Bond Purchases as Economy Grows

Marketplace with Kai Ryssdal

02:24 min | 1 year ago

Fed Considers Tapering Bond Purchases as Economy Grows

"So much talk about so little time and that is not. I promise you just me trying to get to the good stuff. It actually has been a busy week. Genus malik is at the new york. Times neil richardson is at adp. Hey you too. I kinda hake so neil and let me start with you I want to discuss a little bit. chair powell and his press conference this week in which he said In literally so many words that the fed has made that substantial further progress Or is very close to it to start to reduce its bond buying program the taper He said we've more than gotten there and inflation as we've talked about many times on this program not quite yet on jobs and i guess my question is we've been told it's going to take on another twelve months or a year or year and a half for the for the job market to recover. Why do you think the fed is gonna taper now. Well they are going to reduce their bond buying for one reason and one reason only they wanna get bang for the buck. They're spending a hundred twenty billion dollars a month on bonds. They wanna see some effect in early on. When everything was in chaos in the financial markets and bonds that were considered safe started acting very risky ways. That were unpredictable. That bond buying helped stabilize everything. It was a success story but bang has faded into a whimper. It's not really having a lot of effet particularly in the jobs. Market that has bottlenecks. That are more amenable to fiscal policy in action than monetary policy. Junior you're on that You're on that video. Call with chair. Powell you're probably paying closer attention than i was. But i don't think anywhere. He said the word transitory about inflation. Did that strike you at all. You know. I think it is interesting. I think there's been a real short of decision. Among monetary policymakers to start being a bit more cautious in the way that they talk about inflation either they still say that there are these temporary forces pushing inflation up. There's no reason to believe that they're going to last forever. But i think we've all become a lot more modest about how long we think temporary is going be you know because it's earlier in the year. They thought these these temporary dislocations we're gonna fade within a few months now. It's like pretty obvious that they're not gonna fade until we're well into next year and i think they're real questions about you. Know how how quickly supply chains in particular are going to get back to any kind of normal

Genus Malik Neil Richardson Chair Powell FED ADP Neil New York Powell
Daos, NFTS and Crypto Derivatives Win Attention as Billionaire Paulson Calls Crypto Worthless

The Breakdown with NLW

01:59 min | 1 year ago

Daos, NFTS and Crypto Derivatives Win Attention as Billionaire Paulson Calls Crypto Worthless

"What are the interesting things about. Hedge funds and venture investors. Is that often times. One really big contrarian bet that pays off can solidify investors reputation for a very very long time. John paulson had one of those bets. Betting against the housing market in advance of the great financial crisis. That position ended up netting him and his investors something like twenty billion dollars which is very clearly a career defining bet however it hasn't been quite as good since then at peak in twenty eleven pulse and managed thirty eight billion that was down to nine billion by twenty nineteen when he shut down his hedge fund and started managing his own money an estimated three point five billion instead this is not the scoff at three point five billion dollar fortune but simply to point out the paulsen is proven himself to be pretty firmly in the camp of one really good call which perhaps takes the sting out of his recent comments on bloomberg wealth with david. Rubenstein about crypto. The setup to that combo is one. Many bitcoin is in particular will resonate with basically he says that an expanded money supply is going to drive inflation. His bet however big time is gold. He's backed it for years. And this apparently is finally. It's moment crypto. On the other hand he says will eventually prove to be worthless. I wouldn't recommend anyone. Invest in crypto currencies. Santiago santos said on twitter. It's hard to know. How much is luck versus skill and investing unless you can win and lose on purpose to this day. I doubt my ability. Here's paulson who got a tip from a deutsche bank trader too short housing poor track record since won't be as lucky. This time with crypto masari's ryan sell. Kiss was a bit snark here. John paulson must be bitter. That about thirty crypto investors and entrepreneurs have now leapfrogged him in net worth betting on gold versus digital gold financial internet and the user owned economy at this point is record shadowing boomer energy. What a savage and true phrase record shattering boomer energy

John Paulson Paulsen Santiago Santos Rubenstein Bloomberg Crypto Masari Ryan Sell David Paulson Deutsche Bank Twitter
Bitcoin and Bidens Infrastructure Bill

Reset

01:58 min | 1 year ago

Bitcoin and Bidens Infrastructure Bill

"So. When i hear infrastructure i think of roads and schools but biden has made the argument that tees investing in human infrastructure so that might include childcare paid leave. Maybe free community college but cryptocurrency. How does bitcoin tie into all this and definitely a strange thing to include in an infrastructure bill for sure But when you're trying to pass a big bipartisan trillion dollar bill paying for so much stuff in the country. There's a lot of people who are asking. Well how are you going to pay for it right. And that was one of the reasons why cryptocurrency was included. These new tax reporting requirements would raise an estimated twenty billion dollars according to some of the senators to offset some of these infrastructure costs. Twenty eight billion dollars is not a small amount of money and it is a very pricey bill but what was it about the original language in the bill that raised alarms right so it wasn't the fact that there'd be heightened tax reporting requirements. It wasn't really. You know the total essence at the bill that it was a definition of the word roker and the way that it was worded was a little too vague for some senators. Especially senator ron wyden. Who feared that. This of broker would end up extending these cumbersome packs reporting requirements to while developers and also cryptocurrency miners. And why does the crypto community argue that developers and minors should be exempt from reporting requirements. Well they're not really making any transactions right there mining cryptocurrency themselves. They're you know creating the wallet. Infrastructure for these transactions that. Take place but it's not necessarily a transaction and of itself right. We heard lawmakers making that argument on the senate floor this week. The underlying text of this bill would impose this kind of transaction reporting requirement on crypto transaction validates. These are the people that are building out the blockchain by validating a transaction they would be obligated to report things like a name and attacks. Id number associated with the dollar amount. They don't have that information

Biden Senator Ron Wyden Roker Senate
The Real Cause of Alzheimers and Dementia

Broken Brain with Dhru Purohit

02:05 min | 1 year ago

The Real Cause of Alzheimers and Dementia

"Wanna jump right in and talk about alzheimer's because you wrote a really interesting instagram post. I think it was a few weeks ago. And you were saying. Alzheimer's reversal is is real. It's not just a theory and you were hinting at a new study. Small one but something exciting. That came across your desk that you wanted to highlight and make your audience aware of so. Why are you excited about the study. And what did they cover inside of there. Well i'm hoping you'll share that study with a link. This is work that i've been aware of actually for quite some time. I know you know dr. Dale br edison and he recently published a book. Called the end of alzheimer's. The plan in the first book was invalid. And this one is the plan and i. I wrote the forward to that book and in that ford. I think it really did capture my excitement about the work that he's doing even be beyond how he's broken the mold beyond alzheimer's and let me explain in a. We live in a world where we try to really pigeonhole are diseases to think that they are caused by one thing and therefore we can fix them with a remedy and there's such an effort underway to Find an alzheimer's drug that works just last month. Eli lilly announced the results of a trial. In which they're monoclonal antibody mab was found to reduce the rate of decline of alzheimer's basis by an astounding thirty two percent When they made that announcement the stock value went up. I think twenty billion dollars. Eli lilly but what does that mean. It means. it's slow the decline by third means. People are still declining going to get worse than we know where it ends up generally So it really wasn't a stabilizing alzheimer's or can you imagine actually improving their situation. Because they're looking at one thing. This is a monoclonal antibody that is targeting the so called beta amyloid protein. That's absolutely the cause of alzheimer's.

Alzheimer's Dale Br Edison Alzheimer's Drug Eli Lilly Ford
"twenty billion dollars" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

05:38 min | 1 year ago

"twenty billion dollars" Discussed on CoinDesk Podcast Network

"We learned about the bitcoin mining council on michael sailors twitter spaces last night. I however let's do an update on yesterday's fomc meeting effectively. It was exactly as we expect it. In the short term the federal reserve is making no changes rates will remain near zero bond. Purchases will be one hundred and twenty billion dollars monthly however the fed did signal that rate increases. Were going to come earlier than expected. Jay powell officially retired his. We're not even talking about talking about raising rates. In fact he said you can think of this meeting as the talking about talking about meeting if you like officials now expect to raise rates in two thousand and twenty three when previously they had expected to keep rates near zero all the way through two thousand twenty three. What's more powell gave some latitude. On the transitory inflation concepts saying quote as the reopening continues shifts in demand can be large and rapid and bottlenecks. Hiring difficulties and other constraints could continue to limit how quickly supply can adjust raising the possibility that inflation could turn out to be higher and more persistent than we expect. Overall stocks were down in. The dollar was up as one commentator called it a hawkish surprise. It's important to remember when we look at stories like this that. Us monetary policy doesn't just impact the us. This morning's wall street journal headline reads red hot. Us economy drives global inflation forcing foreign banks to act. Central banks are raising rates to fend off a rise in inflation has policymakers respond to the booming economy. Basically in the us the fed is acting. Ultra dovish to avoid a taper tantrum like we discussed yesterday where markets freak out at the prospect of rate increases. Large central banks in places like europe and japan are effectively forced to match fed policy so their currencies. Don't get stronger. Comparatively and hurt economic recovery the head of macro research for blackrock said to prevent the euro strengthening the european central bank would need to be similarly dovish as the federal reserve which might be a struggle due to different inflation and growth dynamics however in much of the developing world central banks don't have the luxury of matching the fed when debt is denominated in dollars even a little bit of local inflation can be absolutely disastrous in brazil. The central bank has made a third straight interest rate increase in the face of eight percent. Inflation russia has also raised rates three times this year to five point five percent with inflation over six percent which is the highest. It's been in five years. Turkey raised its main rate all the way to nineteen percent in march all of this is a reminder that we live in a deeply globally interconnected system and inflation and economic performance in the. Us isn't just about us. Speaking of which one more story worth giving quick mentioned to the world bank has denied a request from el salvador to help implement bitcoin as legal tender their reasoning environmental concerns quote while the government did approach us for assistance on bitcoin. This is not something the world bank and support given the environmental and transparency shortcomings. This is of course. Total bullshit and a demonstration that the world bank is ultimately an institution that does not serve global nations but the specific interest of the us. But without let's shift to our main discussion and let's give a little bit of background for those who don't have it in december elon musk. Michael sailors started tweeting back and forth a bit. Bitcoin were already in the modality of companies adding bitcoin to treasury and sailor had already emerged as one of the top evangelists of course this tongues wagging at the end of january. Ilan changed his profile to read bitcoin and tweeted. In retrospect it was inevitable in february tesla announced that it had purchased one point five billion dollars in bitcoin and that it would start to accept bitcoin for payment for vehicles. Bitcoin cheer and our bags. Rejoice as we're rocketed up the next leg of the bull run but it wouldn't be a good story without a dramatic arc. Now would it immediately. We saw the downsides of ilan's involvement to go right along with the upside of price. Those downsides included one the alignment with an unpredictable twitter user. More likely to show those than to do. Anything that bolstered bitcoin and to the scorn and condemnation of the legions out there who dislike elon that second category includes many who profess to care about the environment who basically view tesla or at least ilan himself as a great green washer. In retrospect it's pretty clear that tesla's involvement did more to ratchet up a focus on bitcoin's environmental footprint than to alleviate concerns about it by the end of april a new concern tesla had sold ten percent of its bitcoin. Alon profess that it was only to demonstrate the liquidity of the asset to stakeholders but it was still jarring by a month later things had gone really sour alon announced that tesla was pausing sales of bitcoin due to environmental concerns w. f. the collective cry rang out. Did this guy seriously. Just learn about the environmental footprint of bitcoin. Of course not what's far more likely and commonly accepted that behind the scenes. There were serious pressures pushing tesla any law on the bitcoin question for example. Es focused etf's that list tesla who would delist. Because of bitcoin for more on this go listen to my conversation with kathy would from a couple of weeks ago. She talks explicitly about it. How much of a focus. This is for people. Like larry fink at blackrock. Whatever the case the move put energy concerns right there as the chief criticism for bitcoin to deal with and tanked the price roughly right back down to where it was before. Ilan got involved in the first place. Bitcoin nealon had some spats and we were all reminded why. Bitcoin is no heroes asset fast forward to a couple of weeks ago. Yulon pops back up again..

Jay powell nineteen percent five years two thousand kathy february Michael percent one hundred and twenty billion last night december michael sailors eight brazil twitter ten percent five billion dollars march powell five percent
"twenty billion dollars" Discussed on Mornings With Gail - 1310 KFKA

Mornings With Gail - 1310 KFKA

05:22 min | 1 year ago

"twenty billion dollars" Discussed on Mornings With Gail - 1310 KFKA

"Twelve cents a barrel and bitcoin at thirty nine thousand three hundred the wells fargo investment institute out with their mid-year outlook. It was just released yesterday afternoon. It predicts and intensified economic recovery. Continuing until or i should say into next year. Inflation taxes and interest rates are a concern but the outlook says they appear very unlikely to douse the economic recovery or to alter our preferences for defensive and growth oriented stocks. That's according to again. The wells fargo investment institute. Pretty interesting yeah. It is and i think investors should take note of something like that because the news. You know if you don't follow this in-depth if you don't follow it with a long term perspective and you don't keep those things in mind when you hear the news you're likely to fall victim to my clients. All the time are calling me worried about inflation worried about interest rates rising and yet the fed over and over and over and over again says there will not be need to raise interest rates until two thousand twenty three. Now let's see what j. paul says today will vary from that if he does. There could be a market pullback. I don't think it would be major. But there could be. But i don't think he'll vary from that i think he's going to parse his words very carefully agreed the what about the art of the taper as we discussed yesterday. Do you expect him. To actually bring that up that coming tapering of its bond buying program. He may mention it but remember what we said yesterday. And this you know when you when you see how the general media reacts to this as superficial is that will be. Remember the in-depth briefing. We gave you yesterday as a result of a listener Question i got from gentlemen. Tim north If he may well mentioned that tapering the bond buying program twenty billion dollars. A month is in the future but they couldn't even start it until late this year and it would take months and months.

yesterday afternoon yesterday today two thousand j. paul next year twenty billion dollars thirty nine thousand Tim north twenty three Twelve cents a barrel wells fargo investment institu late this year three hundred
"twenty billion dollars" Discussed on CFR On the Record

CFR On the Record

05:01 min | 1 year ago

"twenty billion dollars" Discussed on CFR On the Record

"I'm so glad that you know in in in speaking about what a green economy might look like he. The point was made about where the jobs are on the continent because job creation right. If i'm an african head of state in almost any part of this incredibly diverse continent job creation at the very top of my agenda. Just because of the nature of the demographics of the continent right. So i think that we have to present ourselves. I in a way that goes right at our own interests in yielding these global norms in having carter's in building a a rules-based international order in addressing global challenges like pandemic disease in climate change in creating more prosperity so that we have more partners at for our own and in thinking about the future of migration acted their big demographic shifts in this country end asia and something told a totally different demographic story going on in africa. And and so i. I really do think that you know we we leave with where we can work together. And i do absolutely concur that continuing to talk about governance in a way. That's honest in a way that acknowledges that we're still working on these issues in our own country and that that we believe you can you can be a a stable state that continues to improve itself that continues to try and create a space for more inclusion that tries to tackle problems that manifest themselves in terms of inequality or or or corruption. You know. there's there's both the work we have to do at home is not unrelated to pursuing this agenda Abroad and i do think that building relationships with civil society not misunderstanding stability and lasting partnerships is being solely. An abrasive elites is also a really important point. That was made that it that i discuss a little in the paper as well and and has to be a part of the agenda unfold. Thanks michelle okay. We're gonna now turn to you a which just a reminder will be on the recold erica. i think you're gonna just give us the briefing on how to Aas questions most of pretty familiar these days but Erica thanking as a reminder to ask a question please click on the race hand icon on your resume window when you are called on. Please accept the anew. Now prompts then proceed with your name and affiliation followed by your question. Okay um so. I think i stop is Honey darkly honey Please ask a question thank you very much. This has been a very good discussion for a long time. We've been hearing about that. Africa policy focus in africa and i think speakers Properly articulated that the Operative shifted from nine ideological elliptical geopolitical issues into more economic and colleges. And the two things that are of concern to me years on that one is economic total trade between the united states and the entire african continent peaked around thirty billion dollars in Thousand and twenty and perelman data Actually dropped to about twenty billion dollars. By contrast the one china china's total trade with africa is about six seven times as big as as As the second is the issue of Demographics at misgovern spoke africa's populations about one point four billion people The rate of growth in africa is among the highest in the world. It's over two percent and by regulation it's set to exceed four billion people by End of the century. That's the question really is what the priorities are for for the us dealing with africa and how it should execute its priorities. In a way that addresses the needs the infrastructure investment healthcare delivery drops and obviously technology and to the best of my knowledge. We don't have a focus and consistent policy of.

michelle Erica Thousand africa four billion people both about twenty billion dollars second over two percent about six seven times around thirty billion dollars End of the century asia Africa united states twenty china one two things erica
"twenty billion dollars" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

07:54 min | 1 year ago

"twenty billion dollars" Discussed on Heartland Newsfeed Radio Network

"Free talk live all end. Talk about whatever's on your mind. Its mark with you. Think mcmahon the number six zero three two eight three sixty one sixty got a phone line open six zero three two eight three sixty one sixty. We've been talking about elon. Musk and his tweets. That have According to anonymous destroyed lives and that the hacker group is targeting. The tesla ceo with the intention of well scaring scared him. Maybe you'll behave himself or something. I don't know well. I mean i i don't know. His exact situation is with With the with the corporate welfare with the sec with any of that stuff but apart from that he could end this very easily like it is not hard to say. You're sorry and come back. I'm not gonna say that that's definitely true. Because if he's getting counter pressure from different organizations one of them being anonymous and one of them being some branch of the feds. Officially are unofficially billet. That's not very easily. Yeah and possible easily. If anonymous goes after. Musk and destroys musk. When in fact it is the The feds or something. That's forcing him to you. Know act in the way that he's acting that what's the point. They'll just find somebody else to manipulate and the future. All the done is destroyed the tool not the user of the tool. Well it it. It puts a lot of work on their plate. And i mean they're not gods they don't have infinite power. They can only do so many things and cultivating a new elon. Musk is a very tall order. If you presumably not cultivating a new along resort resources of the united states federal government at one. I think that it's probably fair. To say there will always be the smartest businessman in the world right and the lots of people would say land. Musk's that guy. Or jeff bezos or whomever right And once you are that guy then there's people that hate you just because you're that guy. I don't know i mean you. Just go get somebody. Who has that charisma. Make them rich. They don't even have to know that you're the one that made them that way and then control him after that. I mean it's not that hard if you're a superpower okay so then do this to that one now if you can take down these golden boys that they set up for our worship if you get good at taking them down the new exhaust their resources like this is what happened to the ussr. They ended up in a quagmire that just exhausted. All of their resources had communism and did not have the world's reserve currency. That's true but they had a lot of support from the world reserve currency at the time. The world deserves a point where you can't you can't pay for it anymore. United states government's Credit rating has diminished over time and So far were on completely on track for the prediction that i made regarding the national debt here in the relatively near future at this point both parties don't agree on much but what they do agree on is the national debt is meaningless and as soon as they start thinking that that's when it's going to get them or not as soon as but that means that it's going it's wu coming down the track folks here it is reality and states. Government cannot stand in the face of reality and reality is you cannot continue to print money hand over fist and it not be meaningful so Let me point two thousand eight. They could without any alternative and without any pushback. But now there's mickley yeah so in When george bush took office from bill clinton the national debt was five billion dollars. When barack obama took office from george bush it was ten billion dollars. When donald trump took office from barack obama eight years it was twenty billion dollars. He's a row numbers ladies and gentlemen And in eight years my prediction was a that. Donald trump would be president for eight years simply because the president's tend to be president for eight years. Not because he was great or good or i was liking him or anything like that and in my own defense. He received more votes than any other seated president in history You know lots of things including covert and you know a whole bunch of stuff happened. And he didn't make it. And whatever i know there is no investigation to find out whether or not that was legitimate. And there's not going to be. Don't worry there was. People would just argue about it so it doesn't really make a difference at this point. He's not president at the end of Biden's first term if he whatever at the end of eight years my prediction was that the debt would be forty trillion dollars now. I don't know what it is at this moment. But it's getting close to thirty trillion u s debt clock. I can't see what i'm typing. Don't have my glasses on but basically there's Us debt clock dot com. You can go there and look at the The debt as it scrolls up as it just runs and runs as your children's future. Watch the money printers. Goldberg is being future. Goeke let's go to david calling in from new mexico another david from new mexico. You're on free. Talk live original. The other one was the other one was another one and it will if you wanted that to be true. You should've called in earlier. Well okay. i'll take that under advisement. Picking up where i left off. There's more to what i was saying yesterday. And that is Oh you pardon you can yes. I didn't hear it. Yes yes. I was already incorporated into my plan to you on. Be a kiva radio in albuquerque and k. e. n. n. In farmington on monday night. Pardon i love them both. Go ahead all right so In the state of new mexico your state government In one of the cabinet agencies the cya fifty which is the children u. family department. Which is the same as cps child protective services were caught violating people's rights constitutional rights Including the us constitution and it needs to be exposed because this example is a perfect model. For what your government does to everybody nationwide. And here's what these guys did in particular is they. They were directed by their cabinet secretary. The top guy Last year to start communicating using signal with the signal encrypted messaging app set to automatically delete any of their correspondences. There were correspondences after twenty four hours. A pardon that sounds illegal right but You know what people in the government continually forget is that they work for us. And that the things that they do the written stuff that they produce is supposed to be available through sunshine acts in Freedom of information acts and these sorts of things the end because they operate with near impunity. They believe that they have impunity. And that's where they tend to step.

donald trump Donald trump five billion dollars ten billion dollars jeff bezos Biden twenty billion dollars yesterday forty trillion dollars albuquerque bill clinton Musk monday night new mexico thirty trillion Last year both parties david eight years george bush
"twenty billion dollars" Discussed on podcast – Lawyers, Guns & Money

podcast – Lawyers, Guns & Money

04:01 min | 1 year ago

"twenty billion dollars" Discussed on podcast – Lawyers, Guns & Money

"Yes ima about that and you think will like well. The democratic party of bill clinton barack obama and hillary clinton all supported the trade deals that they do associated. You know in the flight in the twenty first century is one of the reasons why they're kinds of jobs have gone away. But even more than the absence of any kind of proactive strategy to prevent the dour mobility that these people have been facing in droves on. So you know both republican and democratic parties to use it most of your listeners. Familiar with sort of embraced neo liberalism in the nineties and two thousands. Probably maybe the last several years. Thanks to bernie sanders and elizabeth warren. In so you know. I close by saying that it was pretty clear in the machinations and activism. After two thousand you know sort of heroic attempts to try and save mills. The governor would be involved in things like that that people don't buy the idea that you know the market rules in chips fall where they may in your industry goes down. Then like a good economic theorist you should like jump up in to some other part of the country you know friction leslie into a new industry. That's growing in the world just doesn't work like that and so you know what i bring up is that i think they would have been very pleased to have seen the kind of industrial policy that other countries had mentioned that china's spent twenty billion dollars in the two on. What's on paper making technology to help them take away some of the remaining industry From being the united states. And we're not doing that here. So what's so interesting about the moment that we're at right now. Is that you know in in a rhetorical way. Donald trump said. Let's move beyond deal liberalism. And lets you know fight for blue collar jobs in the country. Nine really do it. He just said it. He performed it like verbally but he didn't actually have policies that succeeded in that in the biden administration talking about you know as effectively agreed industrial policy to try and reach places like we're coal miners are so i mean i. I think it all boils down to is that they are inside is that institutions and sees should be viewed as much as they have to be like technically effective. They should be viewed with that kind of moral sensibility about the lives of people who devote themselves to you know a career in some particular industry that has continued to contributory overall political economy. So we have very little of that in the last three or four decades and we're getting a lot more of that right now in part. Because i mean there was a thing the new york times today about how corporations are finding both democrats and republicans at this point for all kinds of different reasons have abandoned them and court. Corporate america is like all of a sudden falling all over itself to staying all right. We're abandoning shareholder privacy and we're going to be pursuing environmental and social goals. You know in the way we governor corporations. Because you know they've overdone it in people recognize that so you know i. I don't begrudge people in rural maine rejecting either political parties for what they didn't do glass thirty or.

elizabeth warren hillary clinton bernie sanders Donald trump twenty billion dollars twenty first century both bill clinton barack new york Nine today republicans democrats one nineties republican democratic party china obama After two thousand
All Aboard! Biden to Help Amtrak Mark 50 Years on the Rails

AP News Radio

00:48 sec | 1 year ago

All Aboard! Biden to Help Amtrak Mark 50 Years on the Rails

"The man sometimes referred to as Amtrak Joe is helping the nation's passenger rail system market's fiftieth anniversary senator and vice president Biden was an Amtrak regular commuting between Delaware and Washington's Union Station president Biden will be back at Philadelphia's thirtieth street station today celebrating the Amtrak service anniversary and pitching his infrastructure package which would give Amtrak eighty billion dollars for repairs expanding service and improving the busy Northeast Corridor which as vice president he called a vital part of the nation's economy one of every three jobs in America so long this card Senate Republicans are pitching twenty billion dollars for rail service Sager mag ani Washington

Amtrak Joe Washington's Union Station Biden Amtrak Service Delaware Philadelphia Amtrak America Senate Sager Mag Ani Washington
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
Trump Delayed $20 Billion in Aid to Puerto Rico

THE NEWS with Anthony Davis

01:55 min | 1 year ago

Trump Delayed $20 Billion in Aid to Puerto Rico

"Trump administration delayed more than twenty billion dollars in hurricane relief aid for puerto rico after hurricane maria according to a report by the housing department's office of the inspector general the efforts to deliver recovery funding to the island or unnecessarily delayed by bureaucratic obstacles. According to the forty six page report the hurricane which hit the island in twenty seventeen killed thousands of people and left thousands more without electricity or water for months. One of the main hurdles was the requirement imposed by the office of management and budget which established an inter agency review before grant approvals according to a report from the department of housing and urban development the process which was never before required for allocating disaster funds prevented hud from publishing its draft notice of funding by the target date however investigators did not have access to the former hud secretary ben carson and other political officials. The investigators will also denied or delayed access to hud information on several occasions in february twenty. Twenty the office of the inspector general received a request democratic senators asking the office to conduct an inquiry into whether delays in hud's release of the disaster recovery funds for puerto rico violated the impoundment control act of nineteen seventy four. Be agency stalled the release of the disaster relief aid in twenty nine teen and imposed additional restrictions on how the island could access the funds. The agency cited corruption and financial mismanagement concerns for the blocks hurricane. Maria had hundreds of thousands of homes on the twentieth of september. Twenty seventeen and many was still living under blue tops. Three years later

HUD Trump Administration Hurricane Maria Housing Department Puerto Rico Office Of Management And Budge Ben Carson Hurricane Maria
Microsoft Signs Deal To Outfit US Army With AR Headsets

Techmeme Ride Home

02:11 min | 1 year ago

Microsoft Signs Deal To Outfit US Army With AR Headsets

"Essentially this. This broke yesterday. And what i called. It was the biggest news in the history of the ar industry which is not saying much since the air industry is relatively young but this is like a big bang moment because in one deal in industry can be validated and so the headlines would be microsoft Signed a contract with the pentagon to create one hundred and twenty thousand custom hollow lens. A our headsets for the us army and that deal could be worth as much as twenty one point eight billion dollars over ten years. The point that i made on the show was think of all of those moon. Shots that google has been investing in and this is not me being snarky in one fell swoop. Microsoft has essentially completely earned. Its money back from a moonshot that no one was paying attention to were. But this is a hardware moonshot. This is essentially if people have been thinking about a. r. n. vr as the next big thing to the tune of twenty billion dollars. Microsoft is like this is by the way a thing now so I this follows. Of course the the deals that microsoft has done with the pentagon in terms of their cloud computing stuff. But i'm saying and compared to the moon shots of google and comparing it to what amazon has done with aws and all the sudden amazon out of left field. Or i'm sorry. Microsoft out of left field has this whole pentagon arm of its business that depending on how you term it in terms of years something is worth thirty billion dollars so dialing back from the pentagon angle of it. It's just the idea that out of nowhere. The ar vr space in my opinion has suddenly been validated.

Microsoft Pentagon Us Army Google Amazon
"twenty billion dollars" Discussed on The Erick Erickson Show

The Erick Erickson Show

03:50 min | 1 year ago

"twenty billion dollars" Discussed on The Erick Erickson Show

"And now we've got this. We're going to make a public school lunches greener. We're going to eliminate racial and gender in equities in stem education and research and twenty billion dollars to advance racial equity and environmental justice and then create a climate civilian corps with is that. That's that's the biden proposal. That's what he's unveiling that is just nine of his infrastructure of us. This is an infrastructure proposal. That has nothing to do with infrastructure. It has to do with fundamentally transform in america a you know we can thank the people of georgia for electing to democratic senators to make it possible for him to get this through the senate. Democrats are looking at a a sneaky provision to get around the filibuster. They get one time of year to do a reconciliation package and now they're going to argue actually 'cause we're changing the budget. We should get a second reconciliation package through. We'll see if the senate parliamentarian lets them. This is what she i mean. Look the folks down in georgia. Believe the disinformation campaign that The january election was going to be stolen by the democrats. So why bother to vote and so they stayed home. Four hundred twenty seven thousand two hundred five. Republicans stayed home Allowing jon ossoff to win by fifty two thousand votes and that's why the democrats can do this stuff. The republicans believed the lie. Hello and welcome it. Is your erickson here. The phone number is eight. Seven seven nine seven eric. Eight seven seven nine seven three seven four to five. Y'all prayers the boy. He's reached the age. Gotta have the talk If i sound a little distracted it's just for those of you who haven't gotten there yet and you don't understand the way this works. Essentially the wife has the talk with the husband. Says it's time to have the talk with the boy up. Oh my dad never did with me so we will we will. And i'm here a little bit ponderous. And in which direction do i go. And all of that part of this is and you'll just have to forgive the deviation here for from from anything that we are getting into the story but this is this really is on my mind E- part of this is well. I i take you know i. I tend to think about things somewhat at a theological levels that story. In genesis of of noah in noah's entire family gets on the ark with him and they get on the ark with him not because of anything they've done but because no himself found favor with god and the way i learned this in seminary i realize some people disagree but i take it as true is very much that if you have a child until your child reaches an age of discernment for themselves If your kid drops dead tomorrow through tragedy They're gonna go to heaven if you're a believer but at some point. They got to build their own relationship in Go their separate from parents Leave and cleave as the bible would say And so i just. I feel like i to have a deeper conversation than the standard conversation. 'cause 'cause i want my kid to understand this as well that at some point you have to take ownership of your own faith I i am thinking of all that..

Republicans twenty billion dollars georgia tomorrow america fifty two thousand votes noah Democrats democrats erickson republicans january election jon ossoff four Four hundred twenty seven thou bible second one time of two hundred eric
"twenty billion dollars" Discussed on The Erick Erickson Show

The Erick Erickson Show

03:50 min | 1 year ago

"twenty billion dollars" Discussed on The Erick Erickson Show

"And now we've got this. We're going to make a public school lunches greener. We're going to eliminate racial and gender in equities in stem education and research and twenty billion dollars to advance racial equity and environmental justice and then create a climate civilian corps with is that. That's that's the biden proposal. That's what he's unveiling that is just nine of his infrastructure of us. This is an infrastructure proposal. That has nothing to do with infrastructure. It has to do with fundamentally transform in america a you know we can thank the people of georgia for electing to democratic senators to make it possible for him to get this through the senate. Democrats are looking at a a sneaky provision to get around the filibuster. They get one time of year to do a reconciliation package and now they're going to argue actually 'cause we're changing the budget. We should get a second reconciliation package through. We'll see if the senate parliamentarian lets them. This is what she i mean. Look the folks down in georgia. Believe the disinformation campaign that The january election was going to be stolen by the democrats. So why bother to vote and so they stayed home. Four hundred twenty seven thousand two hundred five. Republicans stayed home Allowing jon ossoff to win by fifty two thousand votes and that's why the democrats can do this stuff. The republicans believed the lie. Hello and welcome it. Is your erickson here. The phone number is eight. Seven seven nine seven eric. Eight seven seven nine seven three seven four to five. Y'all prayers the boy. He's reached the age. Gotta have the talk If i sound a little distracted it's just for those of you who haven't gotten there yet and you don't understand the way this works. Essentially the wife has the talk with the husband. Says it's time to have the talk with the boy up. Oh my dad never did with me so we will we will. And i'm here a little bit ponderous. And in which direction do i go and an all of that part of this is and you'll just have to forgive the deviation here for from from anything that we are getting into the story but this is this really is on my mind E- part of this is well. I i take you know. I tend to think about things somewhat at a theological levels that story. In genesis of noah in noah's entire family gets on the ark with him and they get on the ark with him not because of anything they've done but because no himself found favor with god and the way i learned this in seminary i realize some people disagree but i take it as true is very much that if you have a child until your child reaches an eight of discernment for themselves If your kid drops dead tomorrow through tragedy They're gonna go to heaven if you're a believer. But at some point they gotta build their own relationship in Go their separate from parents Leave and cleave as the bible would say And so i just. I feel like i to have a deeper conversation than the standard conversation. 'cause 'cause i want my kid to understand this as well that at some point you have to take ownership of your own faith I i am thinking of all that..

Republicans twenty billion dollars georgia tomorrow america fifty two thousand votes Democrats noah democrats erickson republicans january election jon ossoff four Four hundred twenty seven thou bible second one time of two hundred eric
Beyond the pandemic: London tourism braces for slow recovery

AP News Radio

00:46 sec | 1 year ago

Beyond the pandemic: London tourism braces for slow recovery

"The only to the pandemic London tourism braces for a slow recovery off to three national lockdowns the city's tourist attractions and other hospitality businesses making tentative plans to reopen in mid may the earliest the government says international travel could resume for London's tourism which employs one in seven workers in the capital the pandemic because being a body blow the industry's contribution to the economy plunging from over twenty billion dollars in twenty nineteen to just four billion in the past year the tower of London England's top paid attraction normally draws more than three million visitors annually but is being closed to all but a dozen weeks since last March Charles Taylor this month London

London England Charles Taylor
"twenty billion dollars" Discussed on Bloomberg Radio New York - Recording Feed

Bloomberg Radio New York - Recording Feed

01:42 min | 1 year ago

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

"There are a lot of ways to look at the world right now. It's seeing that you've got an overweight on hong kong and the more of them you can access the better. What has to be his strategy perspective. Who's doing school best clarity. How did we get it. So that the benefits get to body expertise. He seems to have exactly the right combination. It's character plus polcy bloomberg radio the bloomberg business app and bloombergradio dot com bloomberg. The world is listening hours a day at bloomberg dot com the blower business app and bloomberg. Quick this is the bloomberg radio to be conscious of the fact that the vaccine alone and the covert story alone does not tell the whole story. We need to get the economy to recover. We need to get the economy keel minimal star the downside of course is hiring straits iron station. And that's really thinking some esteem. Frost out of markets people are pricing success for the bad in terms of achieving inflation. Target if we do start see inflation. Rising united states for chance that could be exported elsewhere as well. This is bloomberg surveillance with tom. Keyed jonathan peril and lisa abramowicz this margin coal from new york city for our audience worldwide. A good morning good morning. This is bloomberg surveillance live on tv and radio but oxide some cane. I'm jonathan i. Lisa abramowicz today. And we're discussing the force liquidation twenty billion dollars worth of holdings. Tom kaine rebuilt out. K goes just shirt across the bloomberg terminal sophia..

lisa abramowicz today Tom kaine hong kong twenty billion dollars tom Keyed jonathan peril new york city jonathan i. Lisa abramowicz hours a day bloombergradio K bloomberg blower business com united states polcy dot
"twenty billion dollars" Discussed on This is Only a Test

This is Only a Test

05:48 min | 1 year ago

"twenty billion dollars" Discussed on This is Only a Test

"Eighty jerry. Once last time you built your computer or computer maybe even with your son maybe a year ago. Yeah i mean. I feel like i have a nice new. Pc and i've upgraded the graphics card. Since then i have no problems at all a when you built it. What processor when you were looking for during the research has the hence th tension intel. Yeah stuck with intel. I mean i know my my son's a almost a bigger. Pc nerd than i am these days and he was trying to get me to go with amd because apparently they have better multi core processing but I you know. I just go all in on that single thread sometimes because Now it's sometimes that's what you want. And i didn't feel like the multi stuff. Was that much far behind last week. Intel announced their newest eleventh gen desktop chips. It's still part of their fourteen nanometer. Plus plus plus plus plus process and reduced number of course in some cases but up the clock. Speed clock speed is where they have so much of that rock-solid efficiency from their all that fab expertise. But that's this big divide. You know right now if you if you go to any watch any p- building a video or any you know. Pc bill youtube channel people were just talking. Amd and rightly so md has done a surge in their in in their process And they've gone down to seven nanometer or now even a sue five nanometer For their cpu's and their gpa. Us and it's kind of also embarrassing. Where intel's ben intel has never knew. Ceo and just yesterday they did a whole big state of intel announcement They called it their engineering. The future event and they announce changes will come. And you'll see the changes couple years down the line so you won't expect them immediately but part of it is investing in two new massive facilities for manufacturing in arizona going to spend twenty billion dollars to develop new fabs and a new foundry services also allowing them to outsource those services to other companies. Who wanted to take advantage of that expertise including partnerships with ibm. Even.

arizona fourteen nanometer last week a year ago yesterday twenty billion dollars ibm two eleventh gen five nanometer Intel Amd youtube seven nanometer single thread Eighty jerry couple years intel Ceo
"twenty billion dollars" Discussed on Daily Tech News Show

Daily Tech News Show

05:57 min | 1 year ago

"twenty billion dollars" Discussed on Daily Tech News Show

"We don't know how to make our stuff work on your equipment. So that's going away to help with capacity of chip-making in the world because that's the problem. Everybody's having right now. Intel also announced it will invest twenty billion dollars to add to new chip fabs to existing facilities it has in chandler arizona. Those are set to go online in two thousand twenty four. So they're not gonna ease the current chip shortage it anytime soon but they will be there. Arizona is actually becoming a booming hotbed for manufacturing. Tsmc is planning to build something in the phoenix area. Samsung is considering building in arizona. Also considering austin so it may go one way or the other and until wants to go head to head with them on building chips. Tsmc and samsung get a lot of business from apple and qualcomm and others and gelsinger said in his announcement he he would love to build chips for apple. He would love to build the m one chip for apple. Yes the same apple that intel's running ads. Slamming gelsinger said is clearly a copetition story and keep in mind until foundry services is a standalone company. Samsung does this all the time where the electronics side is slamming. Somebody that they actually build parts for in the other. Part of samsung makes chips. So until could just be like that well. Intel wants to build for others. It will also continue to take advantage of letting others build its chips where that makes sense. Everybody thought they were gonna go that they were going to become fabulous. Tsmc gets more than seven billion dollars of business from intel a year and that will continue with especially high performance chips like the supercomputer oriented seven. Nanometer ponte vecchio. They will continue where it makes sense to be like. Yeah we'll we'll outsource some stuff but we're also going to beef up. Our fabrication capacity. Gal singer is new to intel. Sort of he led the architect of the four eighty six chip back in the day and was cto when he left intel in two thousand nine. After thirty years there he went on to become ceo at emc and ceo. Of vm ware in the intervening years and he returned to intel as ceo february fifteenth this year and seems to have generated a lot of enthusiasm within the company. Also in case you're wondering they did announce something about seven nanometer. Seven nanometer consumer chip production. That's meteor lake is on scheduled to start in volume in twenty twenty three But the big news here is intel making turn away from like maybe becoming a fabulous company to saying no no. The money is in macon chips for everybody else instead of trying to compete with apple and hired justin long and try to sell more intel chips. Let's make the one chip we that way we could. We could sell intel chips to to windows pc makers and get some money out of making chips for apple qualcomm..

samsung phoenix apple Samsung chandler twenty billion dollars two thousand Seven nanometer Intel one chip more than seven billion dollar windows february fifteenth this year twenty twenty three gelsinger austin twenty four seven nanometer a year one way
"twenty billion dollars" Discussed on Daily Tech News Show

Daily Tech News Show

05:57 min | 1 year ago

"twenty billion dollars" Discussed on Daily Tech News Show

"We don't know how to make our stuff work on your equipment. So that's going away to help with capacity of chip-making in the world because that's the problem. Everybody's having right now. Intel also announced it will invest twenty billion dollars to add to new chip fabs to existing facilities it has in chandler arizona. Those are set to go online in two thousand twenty four. So they're not gonna ease the current chip shortage it anytime soon but they will be there. Arizona is actually becoming a booming hotbed for manufacturing. Tsmc is planning to build something in the phoenix area. Samsung is considering building in arizona. Also considering austin so it may go one way or the other and until wants to go head to head with them on building chips. Tsmc and samsung get a lot of business from apple and qualcomm and others and gelsinger said in his announcement he he would love to build chips for apple he would love to build the m one chip for apple. Yes the same apple that intel is running ads. Slamming gelsinger said is clearly a copetition story and keep in mind until foundry services is a standalone company. Samsung does this all the time where the electronics side is slamming. Somebody that they actually build parts for in the other. Part of samsung makes chips. So until could just be like that well. Intel wants to build for others. It will also continue to take advantage of letting others build its chips where that makes sense. Everybody thought they were gonna go that they were going to become fabulous. Tsmc gets more than seven billion dollars of business from intel a year and that will continue with especially high performance chips like the supercomputer oriented seven. Nanometer ponte vecchio will continue where it makes sense to be like. Yeah we'll we'll outsource some stuff but we're also going to beef up. Our fabrication capacity. Gal singer is new to intel. Sort of he led the architect of the four eighty six chip back in the day and was cto when he left intel in two thousand nine. After thirty years there he went on to become ceo at emc and ceo. Of vm ware in the intervening years and he returned to intel as ceo february fifteenth. Here and seems to have generated a lot of enthusiasm within the company also in case. You're wondering they did announce something about seven nanometer. Seven nanometer consumer chip production. That's meteor lake is on scheduled to start in volume in twenty twenty three But the big news here is intel making turn away from like maybe becoming a fabulous company to saying no no. The money is in macon chips for everybody else instead of trying to compete with apple and hired justin long and try to sell more intel chips. Let's make the one chip we that way we could. We could sell intel chips to to windows pc makers and get some money out of making chips for apple qualcomm..

samsung phoenix february fifteenth apple Samsung chandler gelsinger twenty billion dollars two thousand Seven nanometer Intel more than seven billion dollar one chip twenty twenty three windows justin austin a year twenty four one way
"twenty billion dollars" Discussed on Daily Tech News Show

Daily Tech News Show

05:56 min | 1 year ago

"twenty billion dollars" Discussed on Daily Tech News Show

"We don't know how to make our stuff work on your equipment. So that's going away to help with capacity of chip-making in the world because that's the problem. Everybody's having right now. Intel also announced it will invest twenty billion dollars to add to new chip fabs to existing facilities it has in chandler arizona. Those are set to go online in two thousand twenty four. So they're not gonna ease the current chip shortage jitney time soon but they will be there. Arizona is actually becoming a booming hotbed for manufacturing. Tsmc is planning to build something in the phoenix area. Samsung is considering building in arizona. Also considering austin so it may go one way or the other and until wants to go head to head with them on building chips. Tsmc and samsung get a lot of business from apple and qualcomm others and gelsinger said in his announcement he he would love to build chips for apple he would love to build the m one chip for apple. Yes the same apple that intel is running ads. Slamming gelsinger said is clearly a copetition story and keep in mind until foundry services is a standalone company. Samsung does this all the time where the electronics side is slamming. Somebody that they actually build parts for in the other. Part of samsung makes chips. So until could just be like that well. Intel wants to build for others. It will also continue to take advantage of letting others build its chips where that makes sense. Everybody thought they were gonna go that they were going to become fabulous. Tsmc gets more than seven billion dollars of business from intel a year and that will continue with especially high performance chips like the supercomputer oriented seven. Nanometer ponte vecchio. They will continue where it makes sense to be like. Yeah we'll we'll outsource some stuff but we're also going to beef up. Our fabrication capacity. Gal singer is new to intel. Sort of he led the architect of the four eighty six chip back in the day and was cto when he left intel in two thousand nine. After thirty years there he went on to become ceo at emc and ceo. Of vm ware in the intervening years and he returned to intel as ceo february fifteenth this year and seems to have generated a lot of enthusiasm within the company. Also in case you're wondering they did announce something about seven nanometer. Seven nanometer consumer chip production. That's meteor lake is on scheduled to start in volume in twenty twenty three But the big news here is intel making turn away from like maybe becoming a fabulous company to saying no no. The money is in macon chips for everybody else instead of trying to compete with apple and hired justin long and try to sell more intel chips. Let's make the one chip we that way we could. We could sell intel chips to to windows pc makers and get some money out of making chips for apple qualcomm. whoever else wants it and also doesn't just sort of signal..

samsung Samsung phoenix gelsinger chandler apple twenty billion dollars two thousand Intel Seven nanometer february fifteenth this year windows one chip more than seven billion dollar twenty twenty three a year twenty four seven nanometer austin one way
"twenty billion dollars" Discussed on Daily Tech News Show

Daily Tech News Show

05:56 min | 1 year ago

"twenty billion dollars" Discussed on Daily Tech News Show

"We don't know how to make our stuff work on your equipment. So that's going away to help with capacity of chip-making in the world because that's the problem. Everybody's having right now. Intel also announced it will invest twenty billion dollars to add to new chip fabs to existing facilities it has in chandler arizona. Those are set to go online in two thousand twenty four. So they're not gonna ease the current chip shortage it anytime soon but they will be there. Arizona is actually becoming a booming hotbed for manufacturing. Tsmc is planning to build something in the phoenix area. Samsung is considering building in arizona. Also considering austin so it may go one way or the other and until wants to go head to head with them on building chips. Tsmc and samsung get a lot of business from apple and qualcomm and others and gelsinger said in his announcement he he would love to build chips for apple he would love to build the m one chip for apple. Yes the same apple that intel is running ads. Slamming gelsinger said is clearly a copetition story and keep in mind until foundry services is a standalone company. Samsung does this all the time where the electronics side is slamming. Somebody that they actually build parts for in the other. Part of samsung makes chips. So until could just be like that well. Intel wants to build for others. It will also continue to take advantage of letting others build its chips where that makes sense. Everybody thought they were gonna go that they were going to become fabulous. Tsmc gets more than seven billion dollars of business from intel a year and that will continue with especially high performance chips like the supercomputer oriented seven. Nanometer ponte vecchio. They will continue where it makes sense to be like. Yeah we'll we'll outsource some stuff but we're also going to beef up. Our fabrication capacity. Gal singer is new to intel. Sort of he led the architect of the four eighty six chip back in the day and was cto when he left intel in two thousand nine. After thirty years there he went on to become ceo at emc and ceo. Of vm ware in the intervening years and he returned to intel as ceo february fifteenth this year and seems to have generated a lot of enthusiasm within the company. Also in case you're wondering they did announce something about seven nanometer. Seven nanometer consumer chip production. That's meteor lake is on scheduled to start in volume in twenty twenty three But the big news here is intel making turn away from like maybe becoming a fabulous company to saying no no. The money is in macon chips for everybody else instead of trying to compete with apple and hired justin long and try to sell more intel chips. Let's make the one chip we that way we could. We could sell intel chips to to windows pc makers and get some money out of making chips for apple qualcomm. whoever else wants it and also doesn't just sort of signal..

samsung phoenix apple Samsung chandler gelsinger twenty billion dollars two thousand Intel Seven nanometer february fifteenth this year windows one chip more than seven billion dollar twenty twenty three austin a year twenty four seven nanometer one way
"twenty billion dollars" Discussed on Daily Tech News Showhttps://dailytechnewsshow.com/

Daily Tech News Showhttps://dailytechnewsshow.com/

05:56 min | 1 year ago

"twenty billion dollars" Discussed on Daily Tech News Showhttps://dailytechnewsshow.com/

"We don't know how to make our stuff work on your equipment. So that's going away to help with capacity of chip-making in the world because that's the problem. Everybody's having right now. Intel also announced it will invest twenty billion dollars to add to new chip fabs to existing facilities it has in chandler arizona. Those are set to go online in two thousand twenty four. So they're not gonna ease the current chip shortage it anytime soon but they will be there. Arizona is actually becoming a booming hotbed for manufacturing. Tsmc is planning to build something in the phoenix area. Samsung is considering building in arizona. Also considering austin so it may go one way or the other and until wants to go head to head with them on building chips. Tsmc and samsung get a lot of business from apple and qualcomm and others and gelsinger said in his announcement. He would love to build chips for apple he would love to build the m one chip for apple. Yes the same apple that intel's running ads. Slamming gelsinger said is clearly a copetition story and keep in mind until foundry services is a standalone company. Samsung does this all the time where the electronics side is slamming. Somebody that they actually build parts for in the other. Part of samsung makes chips. So until could just be like that well. Intel wants to build for others. It will also continue to take advantage of letting others build its chips where that makes sense. Everybody thought they were gonna go that they were going to become fabulous. Tsmc gets more than seven billion dollars of business from intel a year and that will continue with especially high performance chips like the supercomputer oriented seven. Nanometer ponte vecchio will continue where it makes sense to be like. Yeah we'll we'll outsource some stuff but we're also going to beef up. Our fabrication capacity. Gal singer is new to intel. Sort of he led the architect of the four eighty six chip back in the day and was cto when he left intel in two thousand nine..

samsung phoenix apple Samsung chandler twenty billion dollars two thousand Intel more than seven billion dollar gelsinger austin a year twenty four one way Arizona two thousand nine Gal singer Tsmc qualcomm intel
"twenty billion dollars" Discussed on Daily Tech News Show

Daily Tech News Show

05:56 min | 1 year ago

"twenty billion dollars" Discussed on Daily Tech News Show

"We don't know how to make our stuff work on your equipment. So that's going away to help with capacity of chip-making in the world because that's the problem. Everybody's having right now. Intel also announced it will invest twenty billion dollars to add to new chip fabs to existing facilities it has in chandler arizona. Those are set to go online in two thousand twenty four. So they're not gonna ease the current chip shortage it anytime soon but they will be there. Arizona is actually becoming a booming hotbed for manufacturing. Tsmc is planning to build something in the phoenix area. Samsung is considering building in arizona. Also considering austin so it may go one way or the other and until wants to go head to head with them on building chips. Tsmc and samsung get a lot of business from apple and qualcomm and others and gelsinger said in his announcement he he would love to build chips for apple. He would love to build the m one chip for apple. Yes the same apple that intel's running ads. Slamming gelsinger said is clearly a copetition story and keep in mind until foundry services is a standalone company. Samsung does this all the time where the electronics side is slamming. Somebody that they actually build parts for in the other. Part of samsung makes chips. So until could just be like that well. Intel wants to build for others. It will also continue to take advantage of letting others build its chips where that makes sense. Everybody thought they were gonna go that they were going to become fabulous. Tsmc gets more than seven billion dollars of business from intel a year and that will continue with especially high performance chips like the supercomputer oriented seven. Nanometer ponte vecchio. They will continue where it makes sense to be like. Yeah we'll we'll outsource some stuff but we're also going to beef up. Our fabrication capacity. Gal singer is new to intel. Sort of he led the architect of the four eighty six chip back in the day and was cto when he left intel in two thousand nine. After thirty years there he went on to become ceo at emc and ceo. Of vm ware in the intervening years and he returned to intel as ceo february fifteenth this year and seems to have generated a lot of enthusiasm within the company. Also in case you're wondering they did announce something about seven nanometer. Seven nanometer consumer chip production. That's meteor lake is on scheduled to start in volume in twenty twenty three But the big news here is intel making turn away from like maybe becoming a fabulous company to saying no no. The money is in macon chips for everybody else instead of trying to compete with apple and hired justin long and try to sell more intel chips. Let's make the one chip we that way we could. We could sell intel chips to to windows. Pc makers and get some money out of making chips for apple qualcomm. whoever else wants it and also doesn't just sort of signal..

samsung phoenix apple Samsung chandler twenty billion dollars two thousand Seven nanometer Intel more than seven billion dollar one chip february fifteenth this year twenty twenty three gelsinger austin twenty four seven nanometer a year windows one way
Healing Yourself With The Direct Your Own Care Process With David Hanscom

Outcomes Rocket

01:29 min | 1 year ago

Healing Yourself With The Direct Your Own Care Process With David Hanscom

"Such privilege to have you back here. Dr hans com. Thank you so much for for joining us again. Thank you how bad yes and so during our initial podcast with you you you took us through. You know the problem of over care in the us and just lot of the different over operations end the waste. Twenty billion dollars a year on on on handling chronic pain in a way that's not effective today. We're going to be focused on the solution and how you're addressing it with your resources and your website and now the app that you guys are launching. So why don't you kick us off with what that solution looks like in your eyes. What is happening medicine. Particularly the last twenty years as it were focused on structure other words. If you have a symptom it must be some structural problem causing it. The reality is probably not sin of also in your body in any body region is from the physiology how the body function snow and other words which lows stress chemicals which level information so the body is under selection of parts chain. Is it cars way. More complex than carbs are runs as work in precision. The buddies wayne precisely car in the history. Work and function. Medicine is really looking at just symptoms enough actual function of the she

Dr Hans Com United States Wayne
Intel is spending $20 billion to build two new chip plants in Arizona

Wall Street Breakfast

00:31 sec | 1 year ago

Intel is spending $20 billion to build two new chip plants in Arizona

"Remember the semiconductor shortage. Intel is planning a major manufacturing expansion which will start with a twenty billion dollar investment in two new chip factories commonly referred to its fabs short for fabrication plants. The facilities will be located on the patillo campus in arizona while planning and construction will begin this year until also said it will act as a manufacturing partner for chip companies that focus on cima conductor designed but can't make the chips themselves sending shares up almost five percent pre-market

Patillo Campus Intel Arizona Cima
"twenty billion dollars" Discussed on The Dr. Susan Block Show

The Dr. Susan Block Show

04:15 min | 1 year ago

"twenty billion dollars" Discussed on The Dr. Susan Block Show

"We are as well as You know where. The bonobos are out in the jungle as well as where they are in the zoo and i wanna give a shout out to my friends at the san diego zoo. I've mixed feelings about zoos because they're prisons. We're talking about prisons. But at the same time i have friends there that are below bows and this is where i can see below bose so i. I value the san diego zoo. As far zoos go it is one of the best. And they just vaccinated the noboa's they're bonobos are very similar to human. They're over ninety eight percent genetically similar to us so they have a vaccine. That's pretty similar to ours. And so hopefully that means they won't get covert because the guerrillas did and it's very scary to think of these endangered species as you know a whole bunch of contracting covid undying so hope the girl is going to be okay and the no bows and i hope we can keep them going because they give us hope for a world without war a world that honors sexuality consensual sexuality. We're gonna talk about rudy giuliani's hot daughter soon. I mean i don't think i'm slut shaming or by calling her hot. She's she's sexy. She's gotta have to resign in forty years. Yeah for what you said. I know that's the thing is that's why it is a gray area. The whole thing putting your hand on the back of somebody at a party or giving someone what you think. Is a compliment mayor offended. I don't do that anymore. Yeah i don't pull out my penis. I don't put my ends with you. Pull out your pizza's you do. I love to something a little bad. I wanna bring up a lot bad. Actually i don't wanna talk about a long. It's not sexy. But i gotta say that bonobo ville is in an area that is Got a low level of covid. I'm one of the reasons we have a low level of covid is it because it's Area populated by a lot of asians and One thing that has really driven me crazy the pass. I don't know i guess. Since this corona apocalypse started is the violence the hate crimes against various people of asia since we add the former resident used to call cova nineteen the kung flu. Sal clever dr. Seuss has been canceled for a lot less. And i have mixed feelings about that. The whole doctors. But that's fine with me. You know what you're not the people. They're run the dr suess books. If they want to cancel a few books he's got tons of them. Let them maybe. They'll bring them back another time. I have no problem with that. All right got some of it. Some of the pictures are a little problem is the cancellation of words. That is censorship. Yeah that's right. That's that's the end of words cancelling words. That's what that is it. Cancelling is is really what the people do and they have no power except to make a lot of noise. Censorship is what big tapped Unless you're making twenty billion dollars a year on your on your brand then you die.

rudy giuliani asia forty years over ninety eight percent dr. One thing twenty billion dollars a year Seuss san diego zoo one san diego cova corona suess asians flu nineteen
Continuing to Navigate the Neurodegenerative Disease Subsector

Breaking Biotech

03:47 min | 1 year ago

Continuing to Navigate the Neurodegenerative Disease Subsector

"The first thing. I want to mention of course is what we're really dealing with here when we're looking at specifically companies in the next generation space. Now i'm going to belabor the slight even less than i did last time basically for good phase three data. I feel it'd be good. Expect a company trade between at a minimum really of ten to twenty billion dollars market cap and for companies. That are kind of earlier in the pipeline. I would say they've shown some good phase one b or some good early phase two a data. We can expect them to trade around at one billion dollar market cap and that seems to be the case so far and there's obviously tons of information that we can use to say whether or not they should be trading at a higher value or a lower value than that. But that's generally what i'm going into this with and using the data that's available out there. You can really make your own assessment. What you think is a fair value for some of these companies but anyway just to show this slide quickly because we need to know what we're dealing with here so keep all that in mind as we look at the market cap of these different companies. Today and the first company. I want to touch on. Is a company called aspira. Fire ticker symbol. Ha they closed on friday. The fifth at nineteen dollars and eighteen cents a share giving them a market cap of seven hundred million dollars they're q. Three twenty twenty net loss was eight point five million dollars and they had a q. Three twenty twenty current assets of two hundred thirty two million dollars and then they also didn't offering in february of this year adding another hundred three million dollars to their balance sheet their q. Three twenty twenty current liabilities. Sit an eight million dollars and to give some background of the company they went. Ipo in september of two thousand twenty at seventeen dollars per share so they're not trading it too much of a premium for matt but for anybody looking to take a position in the short term. I do want to remind you that. The lockup occurs on march seventeenth and an additional twelve million shares. That were previously locked up from the ipo are now going to be added to the flow. Which is at twenty three point. Seven million dollars today. so companies. That had this lockup expiration. I caution against taking a long position in only because the dilution. That's going to occur after the lockup is going to put some pressure on the stock price so keep that in mind but the company is looking at commercializing an asset that targets the hypothesis that growth factor pathway also known as the met receptor. And they're doing this to try and treat different. Cns disorders so there specifically using compound called a t h one zero seven and this was previously known as andy x one. Zero one. seven if you're looking in the literature and they're trying to treat alzheimer's and parkinson's disease but this and then they also a small molecule version of this where they're going to be looking at neuropsychiatric disorders like depression. And there's some benefits to using a small molecule version verses the other version using a t h zero one seven. But i'm not going to focus on that. I'm really just kinda talk about the molecule. That's going to be treated for alzheimer's and parkinson's disease and before we do that though i did want focus a little bit on event related potential and a touchdown this on a couple other episodes but i wanted to go a little bit more in depth because the main readout that a fire is focusing on is this p three hundred data point and so what event related potential is a quick primer. It's a q. Eeg measurement but it's a functional version of that so a lot of companies will show a q. e. e. g. measurement of just baseline brain activity. And what this does is it. Just measures brain electrical activity and q. E. e. g. sanford quantitative electro So the baseline measurement is useful. I guess but what's more impactful is actually do a sensory event which is a better surrogate for actual cognitive ability.

Aspira Alzheimer's Parkinson's Disease Matt Andy Depression Sanford
Bitcoin Isn't Acting Like Stocks, Stocks Are Acting Like Bitcoin

The Breakdown with NLW

04:49 min | 1 year ago

Bitcoin Isn't Acting Like Stocks, Stocks Are Acting Like Bitcoin

"What's going on guys. It is thursday march fourth. And today i am going to try to flip a mental model. Here's my proposition. Bitcoin is an acting like stocks right now. Stocks are acting like bitcoin so it started this conversation. We need to hop on over to twitter where there is a lot of discussion right now around. Rising treasury yields when the year started the ten year treasury yield was at zero point nine three percent versus the closer to one point four seven percent it is now that yields spiked even over one point six percent last week. So what is driving the rise of these treasury bonds this. Us government debt in short. It's expectations of a stronger economy. Vaccines keep getting rolled out with new ones coming on the market which suggests that all american adults who want to can be vaccinated by basically the beginning of the summer simultaneously. You're seeing restrictions on businesses being rolled back and the market doesn't believe in fact that the fed is going to be able to keep rates as low as they've been or continue the sort of asset purchase programs to provide liquidity that they've been doing now. These rising treasuries have been causing havoc in the public markets and part of the issue is valuations the s. and p. five hundred is currently trading at twenty two ex expected earnings which is close to the highest. It's been in twenty years. In december two thousand nine six months after previous it was trading at fourteen acts with this means that even small changes in the treasury yields which is another way of saying small changes in how appealing bonds are as compared to stocks can cause major spasms particularly for tech companies which are trading at the highest earnings multiples. There is also. I should note some real wildness happening. In the repo markets ribaud stands for repurchase agreement and repos are collateralized short term loans which help financial institutions. Keep money flowing are used by the fed to conduct monetary policy basically the repo rate is a measure of financial institutions with cash willingness to lend on a short term basis. We saw it in insane. Spike in september twenty nineteen when the overnight repo rate rose's highest ten percent and there were still acquitted. He crunches it. Seems like there's something big going on right now in the repo market that we might need to discuss but for the sake of this conversation i wanna keep more broad basically sum up treasuries or freaking equities out and even bringing bitcoin into the conversation. Aucoin desk headline article today reads. Bitcoin hovers below fifty k. As traders await feds take on bond yields quote according to analysts. Comments powell is monitoring events in the treasury market. Might be enough to calm things down encouraging return to a softer dollar that could bode well for bitcoin. Stocks both assets have mostly moved in the opposite direction to the dollar index over the past twelve months however the rally in yields may accelerate leading to a stronger dollar and weaker bitcoin. If powell downplays concerns over rising bond yields taking cues from his european central bank counterparts quote. No such concern from powell would suggest the fed is happy for treasury yields to find the right level as our bond strategy colleagues say potentially triggering another spike in yields and more dollar short-covering ing analysts noted. So what do people think powell is going to say in. Today's comments many things. That powell will try to convince markets that the bank will be ultra patient in any pullback of support for the economy some like bloomberg. Don't think he'll explicitly say they're going to cap long term interest rates instead most think that he will reaffirm the feds determination to meet their updated. Inflation and employment goals employment specifically has been the key here basically. The fed has been more or less saying that they are willing to do whatever it takes until full employment is achieved so even if it seems like markets are steaming. That's fine as long as they can get to full employment. They already previewed this position this week. With comments from fed governor lael brainard who said that. The fed has quote quite a lot of ground to cover to meet its objectives. The question becomes what tools the fed actually has. The first is words. What bloomberg calls forward guidance light fed is currently buying one hundred and twenty billion dollars of assets per month eighty billion and treasuries and forty billion in mortgage backed debt. They could potentially be explicit about when they intend to scale that back rather than leaving it to market guesses they could also be even more definitive and precise about what it would take for them to raise rates. What if words don't work however what would come next while there could be some more. Extreme courses of action. Bloomberg discusses to the first is a resumption of operation twist in which the fed would eliminate their holdings of t. bills which are shorter maturation of usually a year or less and put money into longer dated securities. The benefit would be that it would alleviate downward pressure on t. bill rates which are currently threatening to go negative.

FED Treasury Powell Ribaud Bitcoin Aucoin Twitter Bloomberg Lael Brainard Rose ING United States
Democrats Closer Than Ever to Passing Mammoth COVID-19 Relief Bill

The Last Word with Lawrence O'Donnell

01:37 min | 1 year ago

Democrats Closer Than Ever to Passing Mammoth COVID-19 Relief Bill

"Congressional democrats closer than ever to getting much needed relief into the hands of americans today. House house democrats unveiled be five hundred ninety one page text of president biden's coronavirus aid package house. Budget committee is set to take up legislation on monday. And the bill's expected to come to the house floor for a vote late next week. President biden called out republican critics of the package this afternoon. Let me ask what would they have me cut. Oh they believe are should we invest twenty billion dollars to vaccinate the nation. Should we not invest two hundred ninety million dollars to extend unemployment insurance for the eleven million. Americans are unemployed so they can get by. This is united states of america. God's sake we invest in people who are in need to invest thirty five billion dollars. People keep a roof over their heads. I could go on but you get the point for all the obvious. Gop criticism republicans are struggling to derail the president's relief plan because it's so popular the new york times reports many of its core provisions poll strongly even with republicans more than seven in ten americans. Now back mr biden's package. According to new polling for the online research firm survey monkey for the new york times that includes support from three quarters of independent voters to and five republicans and nearly all democrats

House House President Biden Budget Committee United States Of America Mr Biden GOP The New York Times
How the state of the oil and gas industry affects the city of Houston

Houston Matters

03:55 min | 1 year ago

How the state of the oil and gas industry affects the city of Houston

"As you may have heard earlier on morning edition. Oil giants were expected to make up some of their financial losses in the last quarter of twenty twenty but final earnings reports released. This week show. That was definitely not the case. Texas headquartered exxon mobil reported a fourth-quarter loss of more than twenty billion dollars. Bp which has its headquarters here in houston recorded a full year loss of five point. Seven billion houston headquartered conaco phillips two point seven billion lost in twenty twenty demand for crude oil dried up last year after officials called for lockdowns and travel restrictions due to the pandemic and there was already a glut in domestic supply not a good equation for the industry and the news may not be much better for oil and gas so far in twenty twenty one to discuss. Why and how it may affect houston. We're joined now by energy writer lawrence steffi. Who's the managing director for thirty points strategies. A writer at large for texas monthly and columnist for energy voice dot com lauren. Good morning good morning greg. Thanks for having me glad to have you with us. The pandemic has obviously played a big role in revenue loss for many companies. How specifically has it impacted the oil and gas industry over the last year. Well i mean you just discussed the earnings numbers and i think that that's You know one of the big impacts. I mean we've had this very unique situation over the past year where we've had an environment of low prices and low demand which is really pretty unique in the history of the industry and it's It's good a lot of companies in pretty tough spot. Does it also signal what we may see as sort of the ongoing future for this industry. Yeah i think there's sort of two it you have to take in the shorter term. Prices have come back a little bit. we'll see if the industry has you know enough financial discipline to to hold the line on that But but i think in the short term you know as vaccines roll out and and more people are able to travel again. You're going to see a pretty big spike in the band. I think when you look beyond that though you have to sort of recognize what's happening in the market and basically a lot of things are moving against the oil and gas industry You know investment is moving away from fossil fuels government policy. Worldwide is moving away from fossil fuels and even consumer choices. Moving away from fossil fuels. And that's especially true when you look at things like gm's announcement to go to a zero emission sleep by twenty thirty five. You're gonna see more products available. That consumers will give consumers an alternative to oil and gas. You mentioned government policy. How might the biden administration help or hinder efforts of the big oil and gas companies to balanced back in the coming year. Well i think you know. The biden administration has made it very clear that they want to pull us into greener energy future. Which is fine. Where i think they're being disingenuous. Is that for for many years now. Democrats have touted. You know the idea of green jobs as being replacement for jobs will be lost in the world gas industry and i think that's really You know just not accurate. I mean there's no way you're gonna replace the number of jobs you're gonna lose You know if you just think about it. It takes fewer people. To maintain a windmill does oil rig. And so you know some of those those jobs especially on the frontlines the gas industry or not coming back And that's important because those are high paying jobs. I mean it's one of the few areas in the united states where somebody with a high school. Education can still make a six figure incomes. So those are gonna be tough jobs to replace. I think the democrats need to be more honest about that situation. The other side of the coin You see republicans digging in decrying the loss of jobs that are gonna come from these policies but you know we've lost sixty thousand jobs in texas in the oil industry in less than a year And there hasn't been a lot of leadership on the republican side. We're how we're gonna manage this transition. So i think both sides need to provide some leadership and start and stop throwing around you know ideology and And actually try to try to offer some concrete solutions for the people that will be most

Houston Conaco Phillips Lawrence Steffi Biden Administration Exxon Mobil Giants BP Lauren Texas Greg GM United States
Houston's Big Oil Isn't So Big Anymore

Houston Public Media Local Newscasts

00:37 sec | 1 year ago

Houston's Big Oil Isn't So Big Anymore

"Me ma houston's oil and gas companies are looking for ways to recoup from one of the most challenging years on record energy reporter. Kyra luckily has been going over new financial reports at show billions of dollars in losses. One of most stunning reports is from exxon mobil which says it lost more than twenty billion dollars in the last quarter of twenty twenty. That's after exxon posted more than one billion in losses for the first three quarters and laid off over seven hundred houston workers mostly due to the pandemic other companies. Like conaco phillips. Halliburton are reporting hundreds of millions in losses for the fourth. Quarter

Houston Kyra Exxon Mobil Exxon Conaco Phillips Halliburton
]]Securing Public Pensions

After The Fact

05:44 min | 1 year ago

]]Securing Public Pensions

"The first star emission disturbing members can be police officers. They came preschool employees and state employees. And what we do is we. We make sure that they have a retirement benefit at the time that they're ready to stop actively working in calpers over the last four years has been making very difficult decisions about the appropriate funding of these pension plans for the future. We'll trust i'm dan. Lewis can this is after the fact and that was marcy frost. She leads the california public employees retirement system. Calpers is the nation's largest public pension system with a global investment portfolio of around four hundred twenty billion dollars that's a figure larger than the gdp of countries like norway singapore and the difficult decisions. Marcie mentions affect the retirement benefits for nearly two million public employees retirees and their families is a challenge facing many states across the country as they look at the best ways to fund their public pension systems. And that's something. Greg menace works on at pugh helping states develop solutions to close the funding gap between what state pension plans odor their public employees. And the money. That's being put aside to pay that bill up. Hugh analysis in two thousand eighteen found that funding gap in the states totaled one point two four trillion dollars. That's with a t and that's the data point for our episode. It's a number. Experts see growing with the impact of the coronavirus pandemic amid those daunting numbers states like pennsylvania and california have discovered innovative ways to ensure pension systems. Keep their promises to retirees. Most people are familiar with 401k. Plans and over sixty million americans saved through retirement primarily through those kinda plans in the public sector. It's different where most of the state and local workers participate in what are called defined benefit plans by and large this distinction where in the public sector benefits are paid for through a fixed payment in retirement And the money is managed by the state and today there's about four trillion dollars in public assets. Invested in stocks bonds alternative investments is the main differences between that. Most people save for retirement. The all of us have to be concerned about our retirement. All of us need to plan ahead. Why should all of us care about the public. Employees pension system a well funded pension system in the public sector. can literally cost billions billions of dollars less every year from the state or local budget as compared to one. That's severely underfunded. The short answer is that in a well-funded system the state or local government is setting aside money each and every year while people are working to pay for their benefits when they retire and as it turns out by doing that it ends up that compounded investment earnings and up paying for the majority of the benefit. I'm in contrast they severely underfunded system. Where the money hasn't been set aside while people are in their working years. They lose out. On all kinds of compounded investment earnings and as a result the majority of the cost comes out of the state for state or local budget. I'm just to provide some examples. We look at pension. Plans in states. Like tennessee and south dakota and wisconsin all of which are close to being fully funded. It sounds like if states are planning their investments properly in a smart way. The earnings made by those investments can pay for the costs to maintain the fund. What happens with states. That aren't fully funded if you look at states like kentucky illinois new jersey all of which have less than fifty percent of the assets set aside that budgetary cost is closer to fifteen percent of revenue on average so that means no state somewhere between one and ten in one in five tax dollars going to pensions that adds up to about a ten billion dollars of additional cost across those three states alone. And so i think this is important from the public's perspective not only because of the impact that can have on state and local budgets and in turn the resources that are available for public services but also because having a well-funded system helps to prevent reductions in workforce or cuts in benefits that you need to attract skilled public workforce to be very specific. That means there's less money to buy police cars or paved roads or any other public service. That taxpayer dollars fund right. I mean and that's that's a big deal. I mean the government is always looking to contain costs whether it's healthcare or other issues this is. This is a big ticket item for a lot of states. That's absolutely right. And as i mentioned before. I think for a larger state and city the difference between having a well-funded system in an underfunded system comes out billions of dollars every year so everything from investments in education and infrastructure to healthcare ends up being strained in the budget each and every year it almost sounds like innovation is sort of old school ideas of like. Just you know figuring out what the bills are going to be a mixture. You got the money to pay for them you know. I think that that's right. And there are two ways in particular where i think innovation plays a role you to first off it has to do with how plans and pension systems planned for uncertainty and some of the states that i just mentioned tennessee. Wisconsin in south dakota very clear predefined rules about how to adjust cost if there's a downturn or investments underperform. This includes building margin of safety into assumptions essentially setting aside a rainy day fund within the pensions system and then also adjustments to worker benefits. That are clearly understood by everybody and so from that perspective i think innovation goes back to looking at the policies and practices that these states have been following for

Marcy Frost Greg Menace Calpers Marcie California Pugh Norway Lewis Hugh DAN Singapore Pennsylvania South Dakota Tennessee Wisconsin
"twenty billion dollars" Discussed on Business Wars Daily

Business Wars Daily

03:16 min | 2 years ago

"twenty billion dollars" Discussed on Business Wars Daily

"Month brought big changes to a beloved brand avon. I made a name for itself by offering housewives away to earn independent income by selling skin-care perfume and cosmetics from home but the iconic american company is no longer an independent corporation or based in america the household name cosmetics company is now to companies owned by two different international corporations south korean consumer products giant elgin household and health healthcare which bought avon's north american business and brazil's largest cosmetic company nature cosmetic os which bought the majority of the company in a deal that closed this month. Lg is also a significant investor in the net. Sure deal. it's another end of an era story which has been a familiar. Refrain of late for nearly a century and a half. Avon's presence has been a constant in the beauty sector. Now you'll say lights from the beginning. Avon was a trendsetter decades. Before american women had the right to vote avon founder. David h mcconnell gave them a chance to earn an independent living. Mcconnell was a traveling book salesman who offered perfume to his customers. As a perk. The perfume was so popular that he soon created his own product line in the late eighteen hundreds. He recruited women. He met during his book selling days. As the first quote avon ladies in the century that followed the company became a direct selling amazon with more than six million home-based representatives at its peak. But the beauty behemoth suffered an ugly fall in more recent years value plummeted from its peak of twenty billion dollars. The company struggled to keep pace with changing consumer tastes one forbes. Report blames the company's decline on a failure to adapt to the changing role of women in the workplace. An ill conceived plan to crack the retail sector in stores like sears in jc penney after well known ceo andrea junks. Ouster in twenty eleven one citigroup analysts said quote. You guys are so totally screwed up in. So many ways that change has to be radical a report in fortune recount. The company also failed to anticipate new competition. Both from companies like amazon and from upstarts like rodin and fields. That's the skin care. Brand behind the wildly popular. Acne treatment proactiv rodin and fields was purchased by estee lauder three years later and converted into a direct selling company. The brand now grosses more than a billion dollars a year. Largely because tech savvy. Soccer moms sell the lotions and serums to their pows by a social media but avon may win the beauty competition and the end. Direct sailings appeal has faded in the us. But it's still a popular concept in many other countries and the new international focus means avon can better capitalize on hot markets like the uk where pandemic job losses led to a one hundred percent surge in new rep sign ups last year and of course avon will still be doing business in its country of origin. So if you need glimmer sticks or skin so soft well fear not. They're still just a socially distanced. Quarter away

Avon jessica foschi David brown amazon David h mcconnell america Mcconnell twenty billion dollars avon one hundred percent more than six million last year three years later uk brazil twenty late eighteen hundreds Both this month This month
Avon Rebrands Amid a Surge in Reps

Business Wars Daily

03:16 min | 2 years ago

Avon Rebrands Amid a Surge in Reps

"Month brought big changes to a beloved brand avon. I made a name for itself by offering housewives away to earn independent income by selling skin-care perfume and cosmetics from home but the iconic american company is no longer an independent corporation or based in america the household name cosmetics company is now to companies owned by two different international corporations south korean consumer products giant elgin household and health healthcare which bought avon's north american business and brazil's largest cosmetic company nature cosmetic os which bought the majority of the company in a deal that closed this month. Lg is also a significant investor in the net. Sure deal. it's another end of an era story which has been a familiar. Refrain of late for nearly a century and a half. Avon's presence has been a constant in the beauty sector. Now you'll say lights from the beginning. Avon was a trendsetter decades. Before american women had the right to vote avon founder. David h mcconnell gave them a chance to earn an independent living. Mcconnell was a traveling book salesman who offered perfume to his customers. As a perk. The perfume was so popular that he soon created his own product line in the late eighteen hundreds. He recruited women. He met during his book selling days. As the first quote avon ladies in the century that followed the company became a direct selling amazon with more than six million home-based representatives at its peak. But the beauty behemoth suffered an ugly fall in more recent years value plummeted from its peak of twenty billion dollars. The company struggled to keep pace with changing consumer tastes one forbes. Report blames the company's decline on a failure to adapt to the changing role of women in the workplace. An ill conceived plan to crack the retail sector in stores like sears in jc penney after well known ceo andrea junks. Ouster in twenty eleven one citigroup analysts said quote. You guys are so totally screwed up in. So many ways that change has to be radical a report in fortune recount. The company also failed to anticipate new competition. Both from companies like amazon and from upstarts like rodin and fields. That's the skin care. Brand behind the wildly popular. Acne treatment proactiv rodin and fields was purchased by estee lauder three years later and converted into a direct selling company. The brand now grosses more than a billion dollars a year. Largely because tech savvy. Soccer moms sell the lotions and serums to their pows by a social media but avon may win the beauty competition and the end. Direct sailings appeal has faded in the us. But it's still a popular concept in many other countries and the new international focus means avon can better capitalize on hot markets like the uk where pandemic job losses led to a one hundred percent surge in new rep sign ups last year and of course avon will still be doing business in its country of origin. So if you need glimmer sticks or skin so soft well fear not. They're still just a socially distanced. Quarter away

Elgin Household And Health Hea Avon David H Mcconnell Jc Penney Andrea Junks LG Mcconnell Brazil Amazon United States Citigroup Sears Estee Lauder Soccer UK