35 Burst results for "Twenty Billion Dollars"
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
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
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
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.
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
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.
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
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.
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
"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..
"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..
"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..
"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..
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
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
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.
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.
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
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'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
]]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
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
"twenty billion dollars" Discussed on Newsradio 1200 WOAI
"Spend twenty billion dollars of your money to put some clown on the moon well it was good old American know how that's why as provided by good old Americans like Dr Werner phone brown seeing you a man whose agencies approved by Expedia com them on not even not fun but I don't say that he's hypocritical say that he's a political it says some harsh words for this man some think our attitude should be one of gratitude like the widows and cripples in old London there are large pensions to is with well it was Sunday April twelfth we did a whole show about operation paper clip and all of the off that Werner von Braun away.
"twenty billion dollars" Discussed on News-Talk 1400 The Patriot
"To get they get shipped away here and there every you know over here so one guy he said that the you know public health is one of those agencies that unless you know unless there's something like a like a virus outbreak that we have right now one of the kind of Eden to forget about that they're not certain but the top of everybody's priority list so you know you need more money for something else either chip away at at public health and so little by little we end up with the situation we have had to so so many fewer so many fewer employees hello this public health preparedness and response agreement that went into effect after the nine eleven terror attacks great so let's say with a special program set up basically to tackle situations pretty much just like that so yeah we there's an unforeseen calamity at crisis and emergency people at the local level need money right away this is the final set up to help them and it's you know the idea that it's supposed to be to have a certain amount of money is certainly you know open to that at all times in case you know it's needed and you can imagine in Washington when there's like a pot of money that's not being used somebody in that habit and that's basically what happened is anybody saying that if they had more money and resources on hand right now that things would be different or is that not necessarily the case with corona out given the unknowns yeah that's a good question I don't I don't know that I think it's a little too early to say you know to have a real direction of causation from one to the other but I do know a lot of places where you know you may not they may not have a case right now they're trying to get repaired or saying well we can't get her adequately you know we can do everything we would like to do or if there is a if there is an outbreak you know here we will be prepared unless we get some funding help now you know as you know the federal government in the the president come to tie into a twenty billion dollar emergency bill so that that'll get money trickling down to the people and help them prepare but you know it takes a while some of these local public health officials confident that ultimately they'll get it done or that's that I know that's a mistake yeah we know and then if none of the I know yes they are I think I'll typically they'll do what they have to do the question is will they be able to to do it with that bring people actually be able to do it you know without capping into you know all kinds of other resources but I think you know I think that in general will do will do everything they can with the resources they have David David Harrison reporter at the Wall Street journal thirteen minutes now after the hour on this weekend coming up next money advice from TV Talking Heads.
"twenty billion dollars" Discussed on 860AM The Answer
"That number tripling since nineteen ninety alcoholism also a major problem ninety thousand deaths per year from booze. in nineteen ninety nine sixteen thousand Americans died from drug overdoses that year the number now sixty three thousand and it's more than that some families don't report cause of death so how is this affecting communities across country well cautious steep. it's starting chaotic homes were one in five children grow up with a parent who has a substance problem eighty percent of child abuse involves alcohol and drug use children of addicted parents also are prone to marital problems themselves the divorce rate tripling in the past three decades. if that doesn't sound bad enough life expectancy is falling for three consecutive years in America. the biggest contributing factors drug overdoses and liver disease caused by drinking com is a substance abuse causes a hundred and twenty billion dollars in lost productivity. incarceration premature mortality hospitalization rehab all hitting us in the pocket while debilitating the work force US department of labor reports sixty five percent of on the job accidents or drug and alcohol related. in two thousand seventeen half of all unemployed men in America it were addicted. as a nation there is an economic burden to bear of course the CDC estimates opioid abuse is an eighty billion dollar a year problem alcohol abuse two hundred and fifty billion after declaring a public health emergency in two thousand seventeen the trump administration secured six billion in new funding the largest online distributor of drugs we shut down and customs agents have captured more than twenty three hundred pounds of the deadly drug Fenton.
"twenty billion dollars" Discussed on KTRH
"A popular target as was California senator Kamilla Heris Jesse Kelly of nine fifty KPRC tells Houston's morning news it was more the same progressive rhetoric that won't help in a general election debate stage in that the crowd is full of Democrat activists so you're saying things the media like you're saying things the crowd cheers on it your seem to forget to win the presidency you have to win that collar voter the next debates all our September twelfth and thirteenth in Houston as Texas southern errors county officials may go to court today to request a temporary restraining order against Exxon Mobil after yesterday's plan fire more than three dozen employees suffered minor injuries in the explosion and fire at the Exxon Mobil Baytown opens plant there as county attorney's office says a lawsuit would aim to hold the camp accountable for any violations of state law that may have led to or resulted from the fire prize gas going down again trouble a Texas is the price for regular drop to cents from last week now two forty nine a gallon gas is well below what we paid the last year at this time when it was two sixty a gallon our federal debt keeps growing in China keeps the buying our debt the US is borrowing more than a trillion dollars this year Tom Schatz with citizens against government waste tells Katie are H. news this is going to be stopping anytime soon so the Chinese and others say Hey which is not going to buy your dad anymore we are certainly little dependent on other forces around the world continuing to buy our debt the budget deal recently passed in Congress increases spending by three hundred and twenty billion dollars the federal reserve cutting interest rates by a quarter of the point the first cut in eleven years economists ray Perryman says some wanted an even larger cut they were looking for a long string of rate cuts again and they didn't get it so basically they managed to not make anybody happy yesterday president trump among those looking for more than a quarter point cut in interest rates earlier this week NFL kicks Opry's even season tonight with the hall of fame game in canton Ohio the Broncos in the falcons the hall of fame.
"twenty billion dollars" Discussed on KDWN 720AM
"Twenty billion dollars when the canyon reports CA there to eighty four and the nays are one forty nine the bill which addresses the debt ceiling and boosts government spending by three hundred twenty billion dollars one phrase from both sides of the aisle I think this is the most significant thing we have done together this year Republican Tom call referencing what many view as a major feat in Congress these days major in deep says Democrat John Yarmouth we're in a very very diverse of polarized environment the deal suspends the debt limit through July twenty twenty one making it possible for the federal government to pay the bills it is already accumulated without the fault the bill now goes to the Senate Linda can young Washington U. S. will resume executing federal death row inmates sending an informal two decade moratorium on the practice Eiji William Barr instructed the bureau of prisons to schedule executions starting in December or five death row inmates what used sex trafficker Jeffrey abstinence back in person being watched twenty four seven after he was hospitalized within unexplained interesting was rushed to a nearby hospital after he was found in his cell in a semi conscious state with bruises on his neck according to sources with knowledge of the incident when he was brought back to the metropolitan correctional center he was placed in a different cell and put on a suicide watch it's being treated as a possible attempted suicide but investigators are still determining exactly what happened and whether another inmate was to blame Epstein wanted to be out on bail and on house arrest as he waited trial sources said in recent days he'd complained about flooding rats and bad food at the facility Steve Castin bam New York trump administration says it will begin paying fourteen point five billion dollars by the end of August the former's hurt.
"twenty billion dollars" Discussed on 850 WFTL
"President trump announced Monday on Twitter that his administration reached a deal with congressional leaders that would raise the government's borrowing limit or debt ceiling for two years and said budget numbers spending caps for the next two years but it's not completely clear the president's fully on board with this agreement the deal now has to be passed by the house and Senate before heading to the president for his signature the agreement raises spending by three hundred twenty billion dollars over previously negotiated spending limits something that could anger conservative Republicans and jeopardize the president's support yeah you know we're spending the hell out of it and what are we getting I'm curious right what we're not cutting we're spending and it's not it's not the way that we spent and so what we're gonna have to do now is we raise that debt ceiling for stuff that we know we have to pay which in some ways like top forty plus percent of it for us paying ourselves back when we could be looking around going Hey can we balance and we get ourselves in a situation where you have a fiduciary responsibility to United States people and the tax dollars we taken without overspending it to the point of absolutely crushing us talk about climate change we talk about nuclear weapons we talk about all of this other stuff when we got a real issue right here that staring and right right in our face in for worrying about the future and what may come we should pay attention to this it's not sexy what needs to happen three two three five three twenty four twenty three at seventeen shows your Twitter you can tweet at us you're smart you got a good heart you want to give so would you pop project comes.
"twenty billion dollars" Discussed on KNST AM 790
"Is the deal I'm Carmen Roberts fox news the White House and congressional leaders reach a deal to increase federal spending and raise the government's borrowing limit the deal covers roughly three trillion dollars in spending over two years and what to spend the debt ceiling until July twenty twenty one it also reduces spending by nearly three hundred twenty billion dollars over current levels infer ghosting spending cuts and usually stop by the trump administration some fiscal conservatives aren't thrilled Wisconsin senator Ron Johnson you just need to increase the debt ceiling were suspended without putting forty structure forms still house speaker Nancy Pelosi and Senate minority leader Chuck Schumer in a joint statement say with this agreement we can avoid the damage of sequestration and continue to advance progress for the people fox's Sean Landel the deal must still pass both chambers of Congress and be signed by the president the justice department has a few words for former special counsel Robert Muller don't if when he testifies tomorrow on Capitol Hill and those words are don't deviate from your Russia report president trump's personal turning Rudy Giuliani says anything new for more would be highly questionable I can't imagine it's going to go back and on what he said before unless he wants to give away whatever is left his reputation of I mean but I think he's gonna have a withering cross examination Democrats hope Mahler's public testimony will help some ramp up their investigations into a case of obstruction of justice against the president on Capitol Hill today the Senate is expected to pass long term funding for the nine eleven victims fund firefighters police and other first responders have made trip after trip here pushing lawmakers to sign off on permanent funding for nine eleven victims compensation fund we're confident when the bill goes on the floor for straight up and down vote senator Leahy and senator Paul is going to lose respond or John field his lead that charge of advocacy.
"twenty billion dollars" Discussed on KCRW
"I'm Kim masters. And this is the Hollywood breakdown. Joining me Matt Bellamy of the Hollywood reporter, and Matt the up fronts in New York have been going on in New York. This is when advertisers are presented with various networks fall programming. It's such an artifact in a way I used to go every year. It used to be this huge deal. What are the new shows? What are they going to be? And I'm not the only reporter I've seen on Twitter other reporters who cover TV talking about how now it just feels so so much like the certainly the broadcast networks, fall schedules are just this kind of diminished thing, obviously, the ratings have been drifting, drifting downward, there's still a ton of money that changes hands as a result of these presentations. But the nature of the presentations, was really different this year. Yeah. I mean you look at what Disney did they had a two hour presentation in ABC was the very last almost an afterthought at the end. I mean these have essentially become brand plugs for these various channels network streaming services where everybody comes together in New York. And it's just a show essentially of what these content offerings are. And it's the time where all of these companies are desperately trying to create streaming services that people will pay for subscription based streaming services, and they kind of put that all aside for this week long presentation to add buyers where they say, no, no, no, what we really care about, is this twenty billion dollar ad business that they know is gigantic, but that is not the future of television. Yeah. I mean, the Disney one in particular was apparently so overwhelming. I thought that our colleague, Dan. Fienberg rota really hilarious. Article comparing it to a buffet at the golden chorale. Which I've never been to the golden corral for a buffet. But there were such there was so much presentation about ESPN and this and that and Disney. Plus I, you know, I think people felt like this kind of fog in a way coming out of it, because how do you even sort through it? And, and I have to say, I am looking at the cancellation of shows on various networks. I didn't even know where on in the first place, so, yes, the model is definitely changing, but the ad market is still there. It's not all doom and gloom people made a joke. This is networks, circling the drain, or writing the Titanic or pick your metaphor. But this is still a twenty billion dollar business. It is still the numbers are either flat or slightly going up because in this environment where there is so much brand pollution online with these digital networks YouTube. You don't know if you're going to run next to Nazi propaganda or inappropriate content. You have in television, a very safe environment still and people are willing to pay. Pay for that. And increasingly they're paying more for that audience. Because you can't find it. Elsewhere, even at diminished levels, there was some other news that came out of this, you know, Disney in the middle of it said, we are basically taking control of Hulu. Comcast is virtually selling their stake. It's a complicated deal. But going forward, Disney is running Hulu and that creates another place where Disney will stream content. And there was also kind of apparently attempts breakfast. You know, CBS has long had this bacon and egg breakfast is always one of the highlights of the up fronts, and Leslie Moonves used to come in chat up the reporters every year in the reporters always liked it because he was very personable and people had no idea of the kind of behavior. He had been alleged to have engaged in this Kelly. Call took over, you know, he was a longtime person who has set the schedule and is now part of setting picking up shows. And, you know there were questions about bowl, which is this show where the star, Michael Weatherly was alleged to have harassed. A one of his female female co-star, allies dish coup. She ended up being written out of the show. He asked about that. Kelly, call basically said, we think that Michael Weatherly learned from this experience, and I guess it got kind of tense and I can understand why, you know, Steven Spielberg's Amblin has dropped its, it's piece of the show wants nothing to do with it at this point. You know, and you sort of say, okay, he learned a lesson. But meanwhile, she was still written out of the show and CBS. This comes with the culture at CBS that has seen repeated problems. The message to other stars on CBS if you're abusive all you have to do is is, and we'll move on. Yeah. That seems a little bit lagging behind where we thought we were with time movement. Thank you, Matt. Thank you. That's not Bellamy editorial director of the Hollywood reporter he joins me this Monday at one thirty on the business. I'm Kim masters. And this is the Hollywood breakdown, and you.
"twenty billion dollars" Discussed on Bloomberg Radio New York
"Thursday's trading in Asia. Let's get over to Bloomberg's Bryan Curtis. Yep. Paula's check it out. Well, Asian stocks seem a little cautious here this morning. We've opened to the downside in Tokyo. Just now down about two thirds of one percent drop of one hundred and forty two points. But it's another day like yesterday and the day that we've seen a lot in the past couple of weeks where we start out really cautiously. And then the money starts to flow in many of the markets finished in the green yesterday. But if you listen to this program, it was all mixed to lower for most of the morning and with Australia. We're up a tenth of one percent New Zealand's up a tenth of one percent. And we're edging a little bit lower in Seoul kospi down about a tenth of one percent. So here's a slight negative gloomier report from the OECD say that the global economy is suffering more than expected from trade tensions and political uncertainty, which are clouding prospects, particularly in Europe. But then on the other hand, you see a couple of of lines like this that seems sort of bullish. Blackstone is said to be nearing a twenty billion dollar fund a flagship buyout fund and Carlisle said it'd be ramping up in Japan with a one point eight billion dollar fund goal. The dollar is slightly stronger against so that six days running here. Dollar yen one eleven sixty two euro at a book thirteen the Ozzy edging, lower seventy point three three US sense and WTI crude fifty six seventeen in about fifteen minutes. We'll give you another update on the markets Douglas to you. Well, there was that report last week Brian from Goldman Sachs indicating when it comes to global growth, we may be bottoming out at this point. We'll have to wait and see on that we've got data on US trade deficit widened to a ten year high in two thousand eighteen and the deficit with China now at a record high bad news. Well, it depends on who you speak with Karen Murphy is the CIO at United capital. She told us earlier the widening deficit could be a good sign for those hoping for a U S China trade deal. So in some ways that you know, it's a little counter intuitive. But I would see this as a positive because I think it's more likely that Trump and she actually come to terms with an agreement. Speaking of that agreement. We are told President Trump is pushing his aides for a deal, and he is very aware that the lack of one could push the US equity market lower. However, China's former vice finance minister Lucia way says don't expect any big concessions. From beijing. Meantime, we've got a US industry group for kitchen and bathroom cabinet maker saying it's filed one of the largest trade cases ever against China. Speaking about the American kitchen cabinet alliance. It's alleging Chinese producers are getting illegal subsidies and then unfairly dumping products in the US. The group is climbing US businesses have been harm to the tune of nearly four billion dollars. We have got a date for the extradition hearing for CFO. It's going to be on the eighth of may in Vancouver. The supreme core proceedings there the start of a politically explosive. Proceedings against my wind grow. Bloomberg's Natalie Biki pistons says the proceedings going to get a lot of attention. It was also a fairly dramatic brief event. We had protesters outside burning the Chinese flag and calling for Swiss appearance sort of contrasting her life here in Vancouver on bail versus two Canadians that have been detained in China. US prosecutors alleged mum broke US laws on doing business with Iran. Wow. In the meantime, is on a charm offensive. It's wooing foreign governments to buy its telecom equipment, and it's not brewing up another PR gimmick as well. As distributing paper coffee cups that say the lighthouses waiting one. Joe, please come harm. It's a play on words there. One also means late arriving boat. Well, the tension between Canada and China doesn't end there. China is now blocking certain Canadian canola imports and it's citing pestilence. One of the Canadian companies impacted Richardson international company says it thinks the flap may be related to monks detention. Well, let's turn our attention to Japan and some downbeat news from zoo. We've got more from Bloomberg's Denise Pellegrini. The Japanese financial company is slashing its net income forecasts by eighty six percent announcing restructuring to come in may and booking. A six point one billion. Charge. It's also naming foreign bond holdings says one of the culprits along with its retail business and the cost of branch closings. Mizuho's losses are in part. A consequence of the massive shift by Japanese financial institutions into overseas assets in the past decade foreign bonds have been a popular choice in search of yield and MorningStar says Mizuho together with Sumitomo Mitsui and Mitsubishi UFJ held more than three hundred thirty billion dollars in foreign bonds. As of December still Mizuho says for now it plans to maintain its dividend. Denise Pellegrini, Bloomberg daybreak Asia. Let's get an update on global news. Now, we're at six minutes past the hour and indications that North Korea is rebuilding its long range rocket sites. These are the same ones that were dismantled last year as part of that step to disarm the North Korean country. Ed Baxter covering the story in the rest of global news. From the Bloomberg nine sixty newsroom in San Francisco. Eddie, yeah. Right. Doug. It would be a step backward. Wooden at satellite photos posted by thirty eight. North say the effort started somewhere between February sixteenth in March. Second US President Donald Trump says he really doesn't think it's happening. Everen nasty problem that we have to solve a problem. The relationship is good. I would be very disappointed if that were happening. It's a very early report with the ones that put it out. Actually, it came from South Korea intelligence and thirty eighth parallel report. But he says the relationship is good latest tack from UK Prime Minister Theresa May's conservative party is that if purists do not vote for the prime minister's Brexit deal next week they risk. No Brexit at all. Her government has outlined steps to develop technology to keep the Irish border open after Brexit, even if there is no trade deal with the EU. Facebook is about to become more private, maybe CEO, Mark Zuckerberg says accompanies further will be focused on encrypted private communication. Bloomberg. Sara Frier says he's trying to build public trust in privacy. He was very deliberate about explaining that. Everyone's been using Instagram's stories and what's app status. These parts of the service that only lasts for twenty four hours. Show that it becomes more of a rotating piece of your life rather than a permanent picture South Korean president moon Jae in explaining his plead China to help clean the air. He's proposed a joint project to use artificial rain to wash the air. Soul maintains a Fowler is coming from China's increased industrial activity jeopardy game show host Alex trebek's has been diagnosed with advanced pancreatic cancer. He says he knows the prognosis can't be good. I'm going to fight this, and I'm gonna keep working and with the love and support of my family and friends and with the help of your prayers. Also, I plan to beat the low survival rates statistics for this disease. He says tongue in cheek he has four years left on his contract in San Francisco. I'm Ed Baxter. This is Bloomberg Douglas. All right. Our guest for the half hour is David Levinger. He is managing director. Also, a sovereign analyst at the T C W group, David always a pleasure. We've been talking a little bit. The report from the CD indicating that the global economy is suffering more than expected. Are they a little bit behind the curve? Do you think maybe we've already started to put a bottom in place? No, well, Doug, thanks for having me. You know, we're seeing some green shoots particularly in China, but China January and February data are notoriously unreliable. I don't think they always CD's behind the curve. I think the general trend we're seeing across the globe is a slowing economic growth. What what's going to break that trend? What's going to be the catalyst that does? Encourage those green shoots. Yeah. Yeah. Well, you're certainly seen in Beijing this week the Chinese rolling out a lot of fiscal stimulus. Lot of tax cuts a bit more than the market expected. It's clear that they want to put a floor on six percent. It looks like they're going to be able to pull that off. And as I said, we're starting to see some green shoots coming from China. So to what extent is is the trade war that's been going on between the US and China kind of a dark cloud that is preventing the sunlight from filtering down in creating photosynthesis. Absolutely a dark cloud. And you know, we're all hoping it doesn't turn into a storm or something worse. I mean, obviously tariffs are taxes, and that's bad for business. But I think the much bigger impact of trade wars is the uncertainty. It puts on business. You don't know what your market access is going to be. And you don't know what the cost of your components are going to be. We're hoping that a trade deal can reduce some of that uncertainty. Running out of gardening metaphors here. So just keep it strong partner. On anything. Yeah. Well, as the the OCD the right PAT's Goldman wrong. And if things do you continue to western how much do they get? You know, in the US, we think the economy's headed towards long term potential growth of around two percent it that's going to feel a lot slower than the three and a half. It was growing at. But we don't see the US heading into a recession in the near term, David when we continue the conversation. I'd like to get your view on the dollar. I mean, we've been up for six straight sessions. And in those six.
"twenty billion dollars" Discussed on WNYC 93.9 FM
"Crown prince want from Pakistan in exchange for twenty billion dollars? That's all to come. After this news. This is the BBC news. Hello. I'm Jonathan is odd in Britain seven parliamentarians from the opposition labour party have resigned over differences with the leadership on Brexit and arou of antisemitism. They will sit in parliament as a group of independent and MP's one of them Luciana Berger who is Jewish recently faced a vote of no confidence by local constituency party, which was eventually withdrawn after a row within labor for my part. I have become embarrassed and ashamed to remain in the labor party. I have not changed the core values if a quality for all opportunity for anti racism against all and social Justice remain who I am. And yet these values have been consistently and constantly violated. Undermined and attacked another of the MP's, Chris Leslie told journalists the party had been hijacked by the fall. Left. A senior labour politician, John McDonald said he would have preferred the seven to have made their arguments from within the party should be working together for the long term interests of the country. Sean disappointed all the MP's stood on our manufacturing two thousand seventeen. Jeremy corbin's manifesto. They all increased their majorities now, they're on a different platform. So the honorable thing the usual thing for them to do now. Mr. stand-down violations back in their constituencies BBC correspondent described it. As an extraordinary moment in British politics with MP's in both the main parties unhappy with leadership and the country's current politics. There's been further fighting in Indian-administered Kashmir escalating tensions in the region. Over last week's suicide bombing that killed more than forty paramilitary. Police officials said four soldiers two minutes and the civilian have been killed during the search for those responsible for Thursday's attack top Kurdish official in Syria has said that European powers have a political and moral responsibility. Not to abandon Kurdish fighters once that battle against the Islamic state group is over. Khalil called for an international force along the border with Turkey to protect the scientists from Ankara, which views them as terrorists. The Russian international broadcast RT has accused Facebook of some early blocking several popular pages linked to the channel describing its actions as an attack on meteorites has been no comment from Facebook. Sarah. So reports the chief editor of RT described the page removed from Facebook as wildly successful with over two and a half billion views Margaritas. Stephen Yan said in the now, a subsidiary of RT have been blocked with. No warning. After report on CNN that linked it to the Kremlin. The editor insisted that in the now had broken no rules. Facebook doesn't actually require pages to disclose their affiliation. But Facebook does appear to be trying to increase transparency after Russia was accused of attempting to sway the twenty sixteen US elections through social media world news from the BBC. This is WNYC. New york. I'm Richard Hake. Former congressman Anthony Weiner has been released from federal prison in Massachusetts. The New York Democrat who previously ran for mayor was convicted of having an illicit online contact with a fifteen year old North Carolina girl, he was sentenced to twenty one months at the federal medical center. Endeavors Massachusetts, the vertebral bureau of prisons website now shows Weiner in the custody of its residential reentry management office in Brooklyn. He's currently residing in a halfway house congresswoman Alexandria Cossio. Cortes was officially sworn in. And she's asking her supporters to stay engaged. WNYC's? Bridget Bergen reports at a local inauguration ceremony in the Bronx on Saturday. The freshman Representative urged the crowd of more than six hundred people to get to know their neighbors. She says people are more willing to fight for each other when they know their community. So she asked her supporters to do things like joining your PTA or two maybe show up to your community board meeting for the first time or to lead a girl scout troop. Group. Yeah. I'm a former girl scout. So I had to do the flag. It was a ticketed event at a high school in the Bronx going forward. A Cossio Cortez says she plans to hold monthly town hall meetings in the district, which also includes portions of queens, mayor de Blasios not criticizing his fellow progressives in the wake of the Amazon would merger or cancelling its planned New York City campus, speaking on NBC's meet the press yesterday, he focused blame on the company saying, it's the tech giant's fault. Because it couldn't stand the heat. They said they wanted a partnership, but the minute there were criticisms they walked away. What does that say to working people that accompany would leave them high and dry simply because some people raise Chris, but they had a clear majority on their side. That's what bothers me the Blasios said most New Yorkers wanted the new Amazon campus, but he also says he has no problem with fellow progressives. Who criticized the deal thirty percent chance of some light rain this morning. This is WNYC. Hello and welcome to.
"twenty billion dollars" Discussed on KUGN 590 AM
"Along the coast. We just really didn't get anything. But the hardest. Deal with last night. It was at about six o'clock days, and I took a little trip to do some errands, and that sort of thing I didn't go out the house much yesterday. And it started to snow, and it was white out for about an hour. I actually couldn't see anything lower fiddled with my with my windshield wipers, and then I could see for awhile drove a little bit further and clean them off again. And I have a new car with a powerful very powerful defrosters. But it still didn't keep up with what was on the windshield. So how many did you get a couple? It was went away was fast in an hour. A lot of the east coast because we got a little bit. It was just calls. So there was so much wind that was blowing around it wasn't really amounting to that much. It was so cold and so dry care easy to clean, easy to move easy. Get out of the way. So we had about an inch yesterday morning another inch yesterday evening, and that pretty much is it, but it is wintertime, and there will be these sorts of things granted is it fun. No, not at all not any fun. Here's a natural way for you to shed weight without resorting to diet pills. A lot of people think that they can go on a diet. And they're looking at the Oprah diet. Here's somebody you sent me an Email. So there are a lot of diet pill prescriptions that had been written a lot of weight loss book sales. There are people who are trying to do it. Twenty billion dollars. You believe this twenty billion dollars has been already this year on weightless. In January, isn't it? Yeah. It's weird. Of January twenty billion dollars has been has been spent on these various approaches. So let me have you spent a couple of bucks and lose weight and be the integrity of Cala train is without question. They've been around for thirty some odd years, and they have.
"twenty billion dollars" Discussed on KOMO
"Connected. Stay informed. Komo news. It's five O to starting the morning with some rain showers in Seattle and some snow flurries. East of the cascades in downtown Seattle right now, it's forty three degrees along with Gregg Hersholt, I'm MandA factor. Here are the top stories from the KOMO twenty four seven news center. Democrats from our state or urging Republican colleagues to work with them and not get behind President Trump's demand for a border wall to end the partial government shutdown. We get more live from komo's Carleen Johnson. Democratic Representative Adam Smith who is now chairman of the House Armed Services committee says there's no evidence the border wall is necessary or that it would work. We're not spending enough or national security now he wants to take twenty billion dollars out of the defense budget to build a wall, which by the way is not going to improve our border security in response to the president's address to the nation last night Senator Patty Murray, also a democrat sent a statement that says in part, the president is willing to say and do anything in order to justify wasting American taxpayer dollars on his wasteful. Border wall by Republican congresswoman, Cathy, McMorris Rogers is more optimistic. She says deal can't be made to secure the border and reopened the federal government. And she agrees that congress and the president shouldn't do one without the other. She says a wall or barrier is needed and she favors funding for a wall in exchange for something Democrats eventual citizenship for undocumented immigrants in the DACA program. Carleen Johnson, KOMO news. Homeowners had to spend another night in the dark has power crews worked get all the lights back on from Sunday's windstorm as a five AM about two thousand Puget Sound energy customers. Still don't have electric city at the height. It was more than three hundred thirty thousand Puget Sound energy says most customers should have the lights back on by now, but some areas north.
"twenty billion dollars" Discussed on WDTK The Patriot
"You'll have an hour to perhaps get that dinner. You didn't have time to eat or take care of other business before the president has his say on this issue will the president declared a national emergency and make the case for acting in executive fashion to not only pulled down the funding. He needs to build a wall. But use the the military to do it to stop what he is. Now, referring to as eight national emergency from getting any worse. What do you want to hear the president say tomorrow night, some of the debate taking place takes place between democrat and Republican party strategist, this particular? Strategist Jason Nichols thinks the president's demands just simply wrong. I absolutely disagree with the president number one. We have six hundred and fifty miles of border barriers already. We spend twenty billion dollars already on border security. We would have to seize private land in order to do. So to build further barriers. And in addition, this has environmental concerns, it just doesn't make sense putting a billion dollars or five billion dollars into a barrier. Really doesn't make sense. When in fact, it's going to take about twenty billion dollars to build with the president is talking about and forty an estimated forty eight billion dollars to maintain over the next ten years and put that on the American taxpayers unfair. It's shutting down the government. We have eight hundred thousand families that don't know when their next paycheck is coming, and we need to really make a change here. Yeah. Kaley mcenaney is the Republican National Committee spokesperson, she says. Yeah. You think that's the way to argue this point? No, I don't think so incredible. Jason's talking a lot differently than Democrats talked just five years ago when literally all fifty four Senate Democrats voted to double a portion of fencing on the southern border all fifty four Democrats voted to end the diversity visa lottery. All fifty four Democrats voted to military merit based system, and guess what voted for forty billion and border security more than eight times. What President Trump is asking for? What has changed is not the problem because the problems? Has gotten worse. What has changed its President Trump, not President Obama? They want to deprive him of a political victory. And it's so sad that they are playing with the security of the American people here. It's Apocrypha at its finest hypocrisy at it's finest, do you agree? Eight hundred nine two.