35 Burst results for "Twenty Five Billion Dollars"

 Study: US shoppers outspend Chinese to restore luxury market

AP News Radio

00:53 sec | 3 weeks ago

Study: US shoppers outspend Chinese to restore luxury market

"There's another sign of the global recovery with the market for luxury goods snapping back to pre pandemic levels a study from the bane consultancy forecasts global consumer spending on personal luxury goods things like high end accessories leather goods and apparel will spike by twenty nine percent this year to some three hundred and twenty five billion dollars that's right where it was in twenty nineteen and a turnaround from the gloom of the twenty twenty pandemic lockdowns that shuttered stores and halted international travel US consumers have at least temporarily supplanted the Chinese is the biggest spenders accounting for one third of all sales this year Chinese shoppers account for about twenty three percent on par with the Europeans still the larger global luxury market which extends to high end travel dining fine art and furnishings continues to lack twenty nineteen levels I'm

United States
CDC Extends Eviction Moratorium Through July

Marketplace with Kai Ryssdal

02:09 min | 5 months ago

CDC Extends Eviction Moratorium Through July

"Centers for disease control has extended for one last time it says the federal eviction moratorium that gives them millions of tenants out there who can't make the rent a little bit of breathing. Room end of july is the new deadline. There is federal rent relief money to be had. But it's not getting to everybody who needs it. So what do you suppose happens when the federal eviction protections go away in just over a month. Marketplace's nancy marshall ganz on that one the one month extension we'll give state and local governments more time to distribute twenty five billion dollars in federal pandemic rental assistance. Some have been slow to get the money out. Matt losec heads the montgomery county maryland renters. Alliance he says they're afraid of fraud and a lot of municipalities are not used to handling crisis operations losec says six million renters nationwide are facing eviction. Tenants like laura who didn't want her last name us for fear of losing her job. She applied for rental assistance. Two months ago. I'm just honestly very frustrated. Right now laura works in a nursing home. She was afraid of getting covert so took a month off from work unpaid now. She's thirty two hundred dollars behind on her rent. she worries she'll be evicted. It's a very dehumanizing process. Who wants to have any notice slapped on their front door for everybody. Who lives on your florida's see laura is working and paying rent again. She just needs the federal aid to pay her background policy. No is with the national multi family housing council. We've seen data's that suggests that a resonance are feeling that they are in a better place about meeting those rental agreements but sinoe says long-term the section eight federal housing program should be expanded it issues brent vouchers for low income tenants. Alicia missouri is at the center on budget and policy priorities. She says even before the pandemic there was a long section eight waitlist just one in four eligible families get rental assistance and so many more people are in need

Nancy Marshall Ganz Matt Losec Laura Centers For Disease Control Montgomery County National Multi Family Housing Maryland Sinoe Alicia Missouri Florida Center On Budget And Policy Pr
Inside Biden’s $1.9 Trillion Stimulus Bill

Quick News Daily Podcast

03:31 min | 9 months ago

Inside Biden’s $1.9 Trillion Stimulus Bill

"Start right there with a pass of that. Covid stimulus bill in the senate on saturday night. I do need to preface this by saying it does have to pass the house again because there were some changes made by the senate so it's not passed into law just yet but we'll go for what this bill will include when it goes through the house and i'm going to try my best to sound like i'm not rattling off just a bunch of dollar amounts but there's a danger. It might sound like that but just bear with me. There might be something in there that would be useful for you. Your family someone. So for helping the unemployed it extends that three hundred dollars a week plus the state unemployment end it makes the first ten thousand two hundred dollars of that non taxable for households making less than a hundred and fifty thousand dollars it also fully funds cobra. Health insurance premiums so that employees who have been laid off can remain on their employer plan for free. There's also going to be another round of checks fourteen hundred dollars for a single taxpayer. Twenty eight hundred couples indy. Get fourteen hundred dollars per dependent now the starts to taper off at seventy five thousand for individuals or one hundred and fifty thousand dollars for couples ended completely gets phased out at eighty thousand dollars for a single tax payer and one hundred and sixty thousand dollars for a couple it gives state and local governments three hundred fifty billion dollars to cover expenses related to covid through twenty twenty four gives schools one hundred and thirty billion for k. Through twelve in forty billion dollars for colleges and that's to help them reopen safely so parents can get back to work for businesses. they'll be twenty five billion dollars going to restaurants and bars. This max out at ten million dollars per company in five million dollars per location additionally there will be seven point two five billion for the paycheck protection program once again forty. Six billion dollars will be going to state local and federal governments to help with testing and contact tracing as well as fourteen billion dollars to help speed up. The vaccine distribution for healthcare there will be financial assistance for aca affordable care act premiums and this is just looking to get the number of people covered by insurance to increase into further incentivize. The south to expand medicaid since they're sort of the holdouts town there. The republicans are blocking that there are also increases in tax breaks to parents who have kids up to three thousand dollars per kid if their age six to seventeen and thirty six hundred dollars per kid if they're under six years old and that spread out over the twelve months according to analysis this plus the fourteen hundred dollar check would cut the number of kids in poverty by more than half. In addition there's changes to the earned income tax credit for this year in extends to people without children. And if you're looking for how much that would be for low to moderate income folks. It'll be somewhere between five hundred and forty three dollars in one thousand five hundred and two dollars. Lastly in the rental and homeowner category it gives thirty billion dollars to help low income and unemployed folks afford rent and utilities and at the state level states and tribes get ten billion dollars per homeowners. So all in all. I think thing that really struck me. Was this tweet that i saw saying that. Isn't it kind of crazy. That biden asked for a one point nine trillion dollar stimulus deal and he got a one point nine trillion dollar stimulus deal like i think that makes biden a pretty good politician. One of the main criticisms of obama was at he started out by compromising with republicans and gave them the compromise offer in the first place instead of starting out high. You can't say that for biden so far in this could be a sign of good things to come but like. I said they're hoping that this gets signed into law by the end of the week after the house passes it sometime this week.

Senate ACA
The Biden Relief Bill: Who Gets What

The Indicator from Planet Money

06:18 min | 9 months ago

The Biden Relief Bill: Who Gets What

"Okay. Who is getting. What in the biden. Bill perio first up is what most adults in. The country are going to get a one time payment of up to fourteen hundred dollars. This is the single biggest part of the bill. And here's where the bill stands. Now if you made less than seventy five thousand dollars either last year or the year before you will get the full amount fourteen hundred bucks beyond that if you made between five thousand and eighty thousand dollars you get a smaller amount and if you made more than eighty thousand dollars you will not get one of these checks for married couples who file their taxes together. The cutoff for getting a check is a combined. Income of one hundred and sixty thousand dollars in these checks are both the biggest and the most universal part of the bill. The exact amount of money that your household will get does depend on a few things in addition to your income. Like whether you have kids or other dependents but even so roughly eighty to ninety percent of all households in the us are gonna get checks for some amount of money and the hope is that people will spend that money to help boost the economy so next step people who are getting money in the stimulus bill. The unemployed four hundred dollars per week on top of what they would normally get from their state in unemployment benefits when there isn't a pandemic and that extra four hundred dollars. A week will last until nearly the end of august and there's a lot of people still claiming unemployment benefits each week almost nine times as many people as a year ago right before the pandemic started. That's more than nineteen million people claiming those benefits right now and a big part of the reason why there are so many is the government has expanded the range of people who can qualify for these benefits during the pandemic and the reason unemployment benefits matter for the overall economy. Is that the allow people to continue spending money while they are between jobs paying their rent buying groceries buying school supplies for their kids yet without the extra four hundred dollars. Unemployment benefits would only replace less than half of a workers lost income on average but with the extra four hundred dollars from the stimulus bill. These benefits will be replacing more than eighty five percent of the lost income for the average unemployed worker up state and local governments. What they're going to get from the bill so tax revenues for a lot of state and local governments have just deride pandemic and some of them have been forced to cut back on services that they typically provide like garbage collection law enforcement mental health and addiction treatment services and a bunch of others state and local governments have also had to lay off one point three million workers especially a lot of workers in public schools teachers administrators janitors. It's one of the hardest hit sectors of the labor market so this bill provides three hundred and fifty billion dollars for state and local governments. And actually that might end up more money than state and local governments lost during the pandemic three hundred and fifty billion dollars is above the range of estimates for how much money state and local governments will have lost through next year. But it's also true that some states and local governments are in worse shape than others and so one of the big debates in the senate is over just how to allocate this money between different states and cities. And we're gonna pass here for a second because if we stop right here just right now out of the cost of those three things that we have discussed the checks that go out to almost everybody. Stimulus checks the bigger unemployment insurance benefits and the money that goes to state and local governments. That is the biggest part of the bill. Roughly half of it around a trillion dollars is going to go to those three things combined yet and there's all kinds of interesting and important stuff and the rest of the bill to so. Here's a few more that we definitely think are worth mentioning. Starting with what parents are gonna get. Yes so parents are going to get an extra fourteen hundred dollars for each of their children and this includes adult children who parents list as their dependence. Yeah so if you are. A family of four people say to spouses and two kids. The total amount. You're gonna get in those one time. Checks is up to fifty six hundred dollars. But that's not all. The bill also increases the size of the child tax credit for one year. So parents will now be able to offset their tax bills by thirty six hundred dollars for each kid under the age of six the really young ones and by three thousand dollars for other kids who are not yet adults bottom line take that same family of four and let's say both parents make less than seventy five thousand dollars each year and let's say their two kids are very young. They're toddlers that family could get a total of nearly thirteen thousand dollars in checks and tax credits because of this bill. Okay and now. Let's look at what schools are going to get kindergarten to twelfth grade. Schools are gonna get roughly one hundred and thirty billion dollars but maybe what's most interesting is what that money is intended for. Yes so this money is not for textbooks. It is for things that make it easier for schools to reopen and operate during the pandemic. So things like improving ventilation buying more personal protective equipment and even changing the shape of a classroom so that social distancing between students is easier next up. The bill includes tens of billions of dollars for loans and grants to businesses and the industry. That's going to get the single biggest amount in grants. So that's money that does not have to be paid back is bars and restaurants yup bars and restaurants. They can prove they lost money. Last year will be eligible for up to ten million dollars each in grants and the bill has set aside a total of twenty five billion dollars for eateries and watering holes and restaurants. And though that is the most any industry is getting in this bill. Some perspective is important here last year. Bars and restaurants lost about a hundred and forty five billion dollars sales from the year before. It's a twenty percent decline and there are still nearly two and a half million fewer jobs in bars and restaurants than before the pandemic and this year knock on wood will not be as bad because people are getting vaccinated. Covid cases are coming down and more of the country is reopening still. That is a huge hole to dig out of

Bill Perio Biden Government Senate United States
Jeff Bezos Exits as CEO, but His Role at Amazon Will Likely Be Little Changed

Squawk Pod

03:16 min | 10 months ago

Jeff Bezos Exits as CEO, but His Role at Amazon Will Likely Be Little Changed

"Let's get onto jeff. Bazo stepping aside amazon. Ceo sixty-seven he's going to have a good life. He's been kind of executive chairman for a while. People say you read that that. No one's really ever seen him at the seattle campus and they're not sure if they've ever really seen him there. He's going to become executive chairman of the board. He's a steady intends to focus energy on new products and early initiatives. The company's top cloud executive andy jazzy. No relation to hugh. I'm told he's going to take over the ceo role in the third quarter. Thank you for being here. Becky i at least get you get you once in a while. You remember bart simpson. It took me a second. Yes a second calls the bar. He calls with the bar and says it. Could i speak to this jet huge jazz. You jazz ivana tinkle. There's other ones anyway. But we digress meantime amazon. This amanda this this is this is andy jazzy. Not not hugh jazz meantime. Amazon's earnings a fourteen zero nine beat estimates of seven. Twenty-three a share. That's easy to say that fourteen zero nine beat estimates of seven. Twenty-three the atmos community the they need to go back to their spreadsheets. Revenue of one hundred twenty five billion dollars also beat estimates and it marked the first time amazon's revenue exceeded one hundred billion dollars in a quarter. That's also easy to say but hard to fathom revenue exceeded one hundred billion dollars walmart. And i it didn't just exceed one hundred billion dollars and a quarter it exceeded one hundred and twenty five billion so it was the first time they'd gone over one hundred billion and they they didn't just like step over the line they like smacked it out of the park right. Even in a non holiday quarter. They're expecting a hundred to one hundred six billion dollars in the first quarter. That is a slowdown obviously sequentially from the fourth quarter of at thirty three percent higher than the same quarter a year ago. I saw that yesterday. And i have to say my chen kind of literally fell open when i was reading the headlines about it then i read bazo says note and his letter about why he's doing it and i get it and it makes sense and you mentioned that you know he's been out there doing other things for a while. Maybe not a huge surprise except for that. He's not going to be completely disconnected. He still gets to be involved with the whole thing but he gets to do what he wants to make. Sure there are other people. They're recognizing that they're running a lot of the day to day operations and stuff. But i mean it's a great job you said he's going to have a great life. He already has a great life. This is he gets to do what he wants to do. Laying out in that letter. Why he was doing it and all the things they've accomplished. I forgot about things like one click shopping. That was such a big deal when they actually did that. I think that was before. Two thousand because i think about i wrote about it for the wall street journal and that was such a revolutionary idea and now we think of it as being nothing and he said. That's the best thing that you can possibly hope for. Is that people yawn at your innovation because they become so commonplace. They've done so many things along the way the focus on customers what they've done with the cloud. I mean they've done so many things along the way and i was amazed blown away reading just his quick list of some of the things. He's proud about some of their accomplishments. Because i'd forgotten about some of them

Andy Jazzy Amazon Bazo Ivana Tinkle Hugh Jazz Bart Simpson Becky Hugh Jeff Seattle Amanda Walmart The Wall Street Journal
Will rent relief come soon enough?

Marketplace with Kai Ryssdal

02:11 min | 11 months ago

Will rent relief come soon enough?

"We're gonna start off the show with evictions which surely is on the minds of millions of people consuming them making it hard to focus or sleep or do much of anything at least fourteen million people are currently behind on rent. That's according to the latest data from the center on budget and policy priorities. The only thing keeping many of them in their homes is the cdc's eviction moratorium but that is set to expire at the end of the month. Now president elect joe biden. He says he wants to extend federal eviction. protections through september and as marketplace's samantha fields reports. He is also proposing billions in rental assistance. Congress just approved twenty five billion dollars in rental assistance as part of the latest covid relief package in december. douglas rice. The center on budget and policy priorities says that money can be used both for background and future rent payments. Maya submit that anywhere from two to six million households. This year will be helped yet. It's still just a fraction of the more than fourteen million adult renters who report being behind on rent. President-elect biden has proposed an additional twenty five billion but it will likely take awhile for rental assistance to actually reach people that is why housing advocates are pushing biden to extend and strengthen federal eviction protections before they expire this month. Emily benn for chairs the american bar. Association's covid nineteen committee on addiction the current. Cdc moratorium isn't protecting everyone. Many tenants are not aware of their rights under the eviction moratorium or they feel intimidated in triggering. Their rights strengthening the federal moratorium would give state and local governments time to get rent relief out to the people who need it says. Zach newman. an attorney with denver-based covid nineteen addiction. Defense project it just seems like a really terrible outcome of this moment to have hundreds of thousands or millions of people around the country when money is on the way that newman says is his biggest fear. That tenants will be affected right before rental. Assistance arrives i'm samantha fields for

Center On Budget And Policy Pr Samantha Fields Douglas Rice Elect Biden Joe Biden CDC Emily Benn Maya Congress Biden Zach Newman Denver Newman
Hello Fresh Had a Great Year, But Microwavable Meals Did Even Better

Business Wars Daily

02:37 min | 11 months ago

Hello Fresh Had a Great Year, But Microwavable Meals Did Even Better

"With on again off again covid restrictions keeping hungry mouths out of restaurants. It's no surprise that twenty twenty was a banner year for cooking at home. That's been great for meal. Kit companies like hellofresh and blue apron. Homebound customers tired of familiar recipes flocked offerings like smashed black bean to start as in meatloaf la mom already and under forty-five minutes hellofresh orders grew one hundred fourteen percent over a year ago according to a statement from the company as much as meal kits have shown during the pandemic though. There were no match for their biggest rival. The microwave twenty twenty was a record year for the frozen food. Aisle sales of microwavable ready meals in the us grew to more than twenty five billion dollars last year. Outpacing the growth of all other grocery items according to market research published by global industry analytics. This increased demand sent items. Like tinos pizza rolls. Marie calendar's is and trader. Joe's tikka masala flying off their ice shelves twenty twenty also saw gin hot pockets that came as a blow to military bases where the microwavable meat and cheese filled bread bars or a snacking staple so report stars and stripes magazine nestle owned stouffer is meanwhile celebrated its record year by debut in a shop where it showcased food themed clothing with slogans like cheese. Self care yeah. That one's a little debatable. Live laugh lasagna. T shirts aside. However microwaveable meals showed they could adapt to the times amy's kitchen which built a brand off organic and vegetarian. Ready meals enjoyed sales bumps up to seventy percent for some of its products as reported by food navigator usa dot com nestle. Meanwhile grew it's plant based offerings by forty percent in two thousand twenty on top of organic and meatless options. Healthy choices have been winners to namely the company's diet brand lean cuisine that is until december when pieces of plastic from a broken conveyor belt ended up in a batch of frozen mashed potatoes. I guess that means this time. At least the lou calorie frozen meals might actually tastes like plastic nestle recalled ninety two thousand pounds of their lean cuisine baked chicken and potato variety as we emerge from the pandemic. It remains to be seen whether pre-prepared microwaveable meals will continue their meteoric rise. Customers might be looking for a break from all that processed food. just ask allison robot celli. Who eight and reviewed thirty five hot pockets in four days for the takeout when recalling the experience she says nobody should attempt this without a note from their doctor

Marie Calendar Nestle Tikka Masala Stouffer LA USA JOE Allison Robot Celli
Stocks End at Record Highs After Trump Signs Virus Relief Package

Yahoo finance daily

02:24 min | 11 months ago

Stocks End at Record Highs After Trump Signs Virus Relief Package

"Stocks end at record highs after trump signs virus relief package stocks jumped on monday to reach record levels after president. Donald trump signed a virus relief package following a multi day delay. The dow rose zero point seven percent or about two hundred points while the s. and p. Five hundred rose about zero point. Nine percent and the nasdaq added zero point. Seven percent each of the three major indices record intra-day and closing highs adding to their year to date gains in the final week of two thousand. Twenty trump gave approval to congress's bi partisan nine hundred billion dollar stimulus package sunday evening after objecting to the bill earlier last week in approving the stimulus package trump also signed congress's four trillion dollar omnibus omnibus bill providing funds for the government through the end of the fiscal year. Averting a government shutdown. The virus relief package included a more modest six hundred dollar payment. That fell short of trump's demand to cut two thousand dollar checks to most americans trump also called for lawmakers to cut items. He considered wasteful and unnecessary in the bill house speaker. Nancy pelosi is set to hold a roll call. Vote over a separate measure to increase the direct payments on monday after having failed to pass it through unanimous consent on thursday it is unclear whether or when the republican controlled senate would take up the measure in its current form. The stimulus package includes a host of measures to support individual americans and businesses struggling amid the ongoing pandemic. Which as of monday sickened more than nineteen million people in the us. The legislation includes approximately three hundred and twenty five billion dollars in aid for small businesses and replenishes the paycheck protection program and extends federal unemployment benefit programs and offers an enhanced three hundred dollars per week in jobless insurance still the delay on signing the bill into law created a lapse in unemployment benefits for the about fourteen million americans claiming federal pandemic unemployment assistance and pandemic emergency unemployment compensation as both of these programs expired on saturday without the new stimulus measures to renew them. There is likely to be a brief delay in restarting these programs. Under the new authorization experts have said

Bill House Donald Trump Congress Nancy Pelosi Senate United States
COVID-19 Relief Bill Could Stave Off Historic Wave Of Evictions

NPR's Business Story of the Day

03:49 min | 1 year ago

COVID-19 Relief Bill Could Stave Off Historic Wave Of Evictions

"Unless there's more help from congress coming. Millions of americans who rent their homes could be evicted in the middle of the winter. We don't know if the covid relief bill will be approved. Congress negotiated for seven months struck a deal and then the president called it a disgrace. But what's in this legislation that could help renters. Npr's chris. arnold has been looking into. Good morning chris. hey oil. what's in the relief bill. That could help people from being evicted. Well there's twenty five billion dollars for rental assistance. We haven't seen that before. And that goes to states and cities renders apply. The money goes to the landlords. And the money's supposed to go to people who need it. The most based on recent income the bill also extends unemployment benefits and twelve million. Americans are set to lose those unemployment benefits the day after christmas. That would just be a colossal disaster. So avoiding that prevents a lot of addictions to i talked to christina resolves with texas hauser's. It's a low income housing nonprofit and it's in texas where we've seen thousands of victims happening already. She says this bill is a big help. it will provide relief to millions of people who've been struggling to pay rent. Tenants can qualify for up to fifteen months of rental assistance. So tenants who are behind six seven eight. Nine months of rent could be covered by. What's in this bill. She says that twenty five billion dollars is not going to be enough. That's gonna need to be replenished but you know it's a good start also there's a question mark. How long will this take to get up and running. And that's going to depend a lot on the state and the city. Now this bill is i understand. It also extends in order from the c. d. c. That's supposed to prevent evictions because that is a bad thing to happen during pandemic but it only extends it for a month through the end of january. He's really going to help. I think the hope from the housing advocates here is that once the biden administration gets in that this will get extended further into the future and also strengthened because the cdc orders a little flimsy. And and it's not working a lot of places. People are still getting evicted. The cdc could also extend this by itself with doesn't need another act of congress also. Interestingly the rules of the rental assistance program appear to require that the renter is still in. The property has not been evicted yet. So that creates a pretty powerful incentive not to kick people out. If i'm a landlord. And i'm owed five months of back rent. That's a strong incentive to keep the person there so you put all this together. It's a pretty powerful package. That should help a lot of people. You've been talking to people who are at risk of eviction or who are going to show a lot of background. Tell me what you've been hearing. Well i talked to one person in seattle who after losing her job as a hairstylist. Owes ten thousand dollars in back rent. It's definitely a relief for me. That's on a braxton husband also had his hours cutback and they've got two kids. I mean obviously the timing is significant just because it is christmas this week so i just able to be like okay like we can still get certain things for christmas. We can do this. We'll still be okay. We're still going to be afloat. And what about landlords. Who haven't been getting rent money. How are they reacting well. Landlords have been complaining throughout the pandemic that looked like these various eviction moratoriums. But who's going to pay the rents if the tenants not paying the rent. Well now there's twenty five billion dollars to pay the rent and landlord groups. That i talked to are very happy about that. The bill though as we've been reporting has hit this last minute. Snag that the president's but attacking it so we're just going to have to see what happens there for sure. Npr's chris arnold. Thanks chris we appreciate it. Thanks and well

Texas Hauser Chris Biden Administration Congress NPR CDC Arnold Christina Texas Braxton Seattle Chris Arnold
Congress passes massive COVID relief and government funding bill

WSJ Your Money Briefing

06:51 min | 1 year ago

Congress passes massive COVID relief and government funding bill

"The new nine hundred billion dollar coronavirus relief package includes a range of measures to help the country through the pandemic among them. A second round of stimulus payments for american households treasury secretary steven mnuchin said that we should start seeing payments in bank accounts early next week but it seems like this is on track to happen relatively quickly even faster than Than last time. Coming up our tax reporter. Richard rubin will explain what's changed since the last round of checks went out plus our reporter andrew dern. We'll take us through the parts of the aid package benefiting unemployed workers and those facing possible eviction. It's after the break. Us households along jobless americans and renters struggling to make payments are all in line for some relief. The nine hundred billion dollar corona virus aid package. We'll talk about unemployment and rental assistance with a reporter andrew during later in the show. But first let's bring in our tax reporter. Richard rubin from more on the new random direct payments that. Come with the package richard. Thanks for being with us. Happy to do it. So first of all. Who's in line to get a check this time. So the checks are going to largely the same group as got checks the first time around in the spring. There's some slight changes in eligibility with the basics are the same. It's anyone who's got income for an individual up to seventy five thousand. Get the full payment for married couples. One hundred and fifty thousand have to have a social security number Children are eligible but there are no payments for non child dependence so in college students or elderly adults who are dependents. You can get a payment even if you have no income and if you're or if you have social security or veteran's benefits or any of those kinds of things you're eligible. The one big eligibility change is what we call mixed status families household where one spouse has a social security number in the other spouses maybe unauthorized immigrant and doesn't Social security number in the first round they were ineligible and this time they are actually retroactively eligible for the payment. Just for the one spouse in any children who have social security numbers so you report. The stimulus checks could go out next week. That seems like a faster turnaround than the last time right. Yeah and somebody's because of the work they did. Last may have the file basically the computer files load up with the right number six hundred dollars per adult six hundred dollars per child and send the money to bank accounts and they've got more bank information than they had in the spring because of people who don't typically filed tax returns but updated their information with the irs treasury secretary. Steve mnuchin said that we should start seeing payments in bank accounts early next week but it seems like this is on track to happen relatively quickly even faster than Than last time. Now how about people who prefer to receive a paper check so they would get it a little bit later. We're still trying to figure out exactly how long that would take. The legislative text of the bill seems to suggest that payments will be done by january fifteenth. And then any one who hasn't received one by then basically can claim it as part of their twenty twenty tax return. So that's one thing that we're kind of looking for some additional clarity on as we go forward here is exactly how this would work for people who might need a paper jacket. Might be that end up getting it on your As part of your tax return okay. So you report. The checks are based on household data from two thousand nineteen. But what if someone's family size change since. The last checks went out in the spring. So that's where the fact that all gets reconciled them. The twenty twenty tax return is important. But it's a one way reconcilable so if you had a child anytime in two thousand and twenty. They wouldn't have been reflected on the first payment or the second one. And so you would get eleven hundred extra as part of your tax refund or lowering your tax payment when you file your twenty twenty tax return the other reason you might see some people changes is if your income went down say you earned one hundred thousand twenty nine thousand nine but then your income went down so you qualify for more for the full payment for twenty twenty. Then you'd be able to claim that on on your tax return but the keeping it doesn't go the other way if your income went up to go out of the rain or any payment the you don't have to pay that back any payment you got. You don't have to pay back if you're if you're eligibility either. In terms of income dependence changes between the time of the payment of the time you value tax return. All right. That's tax reporter richard rubin. The relief package also includes measures to assist jobless. Americans and renters could be facing eviction of the end of the month for more on that we've got reporter. Andrew durham on the line from washington andrew. Thanks for taking the time to be with us. Yeah thanks for having me so this is definitely good. News for people receiving unemployment benefits. How do the numbers stack up for them. So yeah there. There's a few measures in this bill. That will help folks who are on unemployment insurance the probably the biggest one is that people who are receiving unemployment insurance right now. We'll get an additional three hundred dollars per week from the federal government so it will just increase the size of the assistance for for people who are receiving State unemployment payments other measures in. There is that it extends to other unemployment programs by eleven weeks so one of the things that are two of the things that congress did earlier this year when they first started passing relief legislation for covid nineteen is they expanded the number of people who can claim unemployment benefits to include a gig workers contract workers and freelance workers folks like that who don't typically qualify and then they also extended the timeline for state unemployment benefits so that they lasted an additional set a time and so the total time line for folks who could for receiving state unemployment benefits now Thirty nine weeks and so this bill adds onto that even further so that that that number thirty nine weeks now becomes fifty so folks who were facing the possibility of having their unemployment benefits ending In the coming week here we'll now have another eleven weeks to to draw from those benefits and the clock's ticking from any renters. A lot of them have been struggling to make payments and faced possible eviction at the end of the month when some federal protections expire head. Us a covid bill address that so it does too big things for renters in the bill. First of all it gives a twenty five billion dollars in rental assistance. That's that's aimed at kind of low income americans to help them try and cover rent in the first place but then on top of that it extends conviction moratorium which has been in place for much twenty twenty-eight it extends out for another month so that will now last it was it was set to end at the end of this month but it will now end and at the end of january so those are the two those are the two main things got folks who are worried about paying. Rents will be able to count on now

Richard Rubin American Households Treasury Steven Mnuchin Andrew Dern Irs Treasury Steve Mnuchin Andrew Andrew Durham Richard United States Federal Government Washington Congress
Snags on COVID-19 relief may force weekend sessions

AP News Radio

00:43 sec | 1 year ago

Snags on COVID-19 relief may force weekend sessions

"Hi Mike Rossi a reporting talks on a new covert nineteen relief package are dragging with final agreement proving elusive a weekend session for Congress appears all but certain as lawmakers work to produce a long awaited Kobe nineteen economic relief package all sides agreed this is a must pass situation negotiators reported behind the scenes progress Thursday night key items that appear in place include a three hundred dollar per week boldest federal jobless benefits one time six hundred dollar direct payment to most individuals twenty five billion dollars in aid to struggling renters and more than three hundred billion dollars in aid to businesses the covert relief package would be combined with a one point four trillion dollar government wide funding bill might cross the Washington

Mike Rossi Congress Washington
How To Shop Safely Online This Holiday Season

NPR's Business Story of the Day

04:07 min | 1 year ago

How To Shop Safely Online This Holiday Season

"The three biggest holiday shopping days of the year. Our thanksgiving black friday and cyber monday american spent twenty five billion dollars online this year. A record and if you're crooked an opportunity washington post columnist michelle. Single terry covers personal finance. She talked to steve about what you can do to protect yourself from scammers. You have given a list of things not to do. List of don'ts let's run through them and you can tell me why you say. Don't use your debit card. Why not right. You should think of your debit card like flying coach. Not just coach the middle seat. It just doesn't give you a lot of protections it doesn't give you the same protections as your credit card and it's also tied directly to your bank account so that if someone compromises you debit card. They're going to be taking money. That you might need to pay your rent your mortgage whereas with the credit card. You're not liable for fraudulent charges. And so you don't wanna use your debit card online. That is connected to your cash money in your bank account. Okay you also say. Don't be fooled because you're looking for a bargain. Lots of people are out of work or their income has been reduced. And so they're naturally looking for discounts and rewards and the scammers know this so they're sending emails shaw. You've won fifty dollar gift card to amazon for all your shopping enemies. You've been shopping a lot on these platforms. You like okay. That might make sense but it does. So that's how people protect themselves. Just a blanket. I don't click anything. Even if i'm expecting a delivery and i get a note i go to the website to double check and track from that platform. You also say don't be so loyal. Loyalty sounds so nice. Though why not be loyal to a merchant. Well anybody who has had an account with just about any company these days knows that data breaches has been happening like a diamond doesn't and so your data is out there. When you sign up for these loyalty programs now a retailer or maybe a grocery store that you frequent often then sure you get your discount but if you're just shopping for something and and a website is all just join our law program. Now try to limit the amount of your personal information that is online now in addition to the don't you have some things to do and one of them seems related to that checkout as a guest rather than giving all of your information permanently to a merchant is that for the same reason it's for the same reason the more information that you put on these sites the more likely that your data is going to be out there hackers going to hack them. Just check out as a guest. Don't store your credit card information that increases the likelihood that it's going to be compromised. You've just got to really protect yourself and take that extra step to look and check out sites before you use them. Do you have a sense of whether the problem of fraud has increased as online sales have increased during the pandemic talking to consumer advocates and experts at the federal trade commission and they have seen an uptick in scams the scammers playoff with news. So they know lots of people shopping online. So that's why you probably have seen an increase in a number of emails that you're getting about discounts and things like that so there is more scamming out there the to become so sophisticated you have to think like a criminal almost to save yourself from being scammed. Do you enjoy shopping online. I don't enjoy shopping at all. I look at it as a chore. And so i have a lot of anxiety at this time of year. But if you're gonna shop if gift-giving is your love language. Just be careful because the scammers are coming for you. Michelle single territories a pleasure talking with you. Thank you so much thank you.

Washington Post Michelle Terry DON Steve Shaw Amazon Federal Trade Commission
Pelosi and Schumer back $900 billion coronavirus stimulus plan as basis for negotiations

TIME's Top Stories

02:28 min | 1 year ago

Pelosi and Schumer back $900 billion coronavirus stimulus plan as basis for negotiations

"Lots of corona virus. Relief packages are floating around the hill. That doesn't mean help is on the way by. Philip elliott the headlines coming out of capitol hill. This week might have you think. Another round of much-needed coronavirus relief. Just a few details away. After months of stalemate since the last relief significant bill was passed back in march. It looks like there is finally some momentum peel back the veneer just a little however and the reality reveals itself to be far more complicated. Let's go through the three options that have captured the imagination of lawmakers and advocates alike. Even more may eventually be thrown onto the negotiating table and elements of each of these may bleed into the others but let's not make this too messy at least not at first one. A bi partisan group of senators on tuesday unveiled a nine hundred and eight billion dollar proposal. That looked to split the difference between house. Democrats two point four trillion dollar offer and senate republicans six hundred and fifty billion dollar offer. Part of the total cost would come from some of the five hundred dollars in unspent money from the last round of relief so the price tag is a little misleading. It's a stopgap measure that has growing support from rank and file lawmakers who are finding it more and more difficult to justify inaction in pursuit of the perfect. This proposal would stretch through the first fiscal quarter of calendar year. Twenty twenty one or until the end of march and would cobble together hundred sixty billion dollars to fund a state and local governments. That are running. on fumes. As tax revenue has dried up with the economic downturn. The measure also has more than three hundred billion dollars in loans and grants for small businesses. Twenty five billion dollars in relief for renters an extra three hundred dollars per week for unemployed americans it does not however include an extra twelve hundred dollar stimulus payment. That house speaker. Nancy pelosi in president. Donald trump both backed treasury secretary. Steven mnuchin said. He was reviewing the bipartisan proposal. The white house called it a non starter saying it plan to work with senate majority leader mitch. Mcconnell and house minority leader kevin mccarthy on a targeted covid relief plan to pelosi and senate minority leader. Chuck schumer have their own democrats only outlined for a new offer. They haven't released details but it was sent over to mcconnell in a private letter on monday. The draft was meant to restart negotiations which have been hold for weeks in most unhelpful. Move mcconnell announced the offers existence and further frustrated democrats who say republicans aren't negotiating in good faith. Democrats have insisted cash be included for state and local governments a major point of dispute for many republicans. Who say it's not washington's problem to fix local budgets. No total cost was attached

Philip Elliott Senate Steven Mnuchin Nancy Pelosi Donald Trump Kevin Mccarthy Mcconnell Chuck Schumer Treasury White House
Think a coronavirus economic package is just around the corner? Not so fast.

TIME's Top Stories

05:37 min | 1 year ago

Think a coronavirus economic package is just around the corner? Not so fast.

"Headlines coming out of capitol hill. This week might have you think. Another round of much-needed coronavirus relief is just a few details away. After months of stalemate since the last relief significant bill was passed back in march. It looks like there is finally some momentum peel back the veneer just a little however and the reality reveals itself to be far more complicated. Let's go through the three options that have captured the imagination of lawmakers and advocates alike. Even more may eventually be thrown onto the negotiating table and elements of each of these may bleed into the others but let's not make this too messy at least not at first one. A bi partisan group of senators on tuesday unveiled a nine hundred and eight billion dollars proposal that looked to split the difference between house. Democrats two point four trillion dollar offer and senate republicans six hundred and fifty billion dollar offer. Part of the total cost would come from some of the five hundred billion dollars in unspent money from the last round of relief so the price tag is a little misleading. It's a stopgap measure that has growing support from rank and file lawmakers who are finding it more and more difficult to justify inaction in pursuit of the perfect. This proposal would stretch through the first fiscal quarter of calendar year. Twenty twenty one or until the end of march and cobble together one hundred and sixty billion dollars to fund a state and local governments that are running on fumes as tax revenue has dried up with the economic downturn. The measure also has more than three hundred billion dollars in loans and grants for small businesses. Twenty five billion dollars in relief for renters an extra three hundred dollars per week for unemployed americans it does not however include an extra twelve hundred dollar stimulus payment. That house speaker. Nancy pelosi and president. Donald trump both backed treasury secretary. Steven mnuchin said. He was reviewing the bipartisan proposal. The white house called it a nonstarter saying it. Plan to work with senate majority leader mitch. Mcconnell and house minority leader kevin mccarthy on targeted covid relief plan to pelosi and senate minority leader. Chuck schumer have their own democrats only outlined for a new offer. They haven't released details but it was sent over to mcconnell in a private letter on monday. The draft was meant to restart negotiations which have been on hold for weeks in most unhelpful. Move mcconnell announced the offers existence and further frustrated democrats who say republicans aren't negotiating in good faith. Democrats have insisted cash be included for state and local governments a major point of dispute for many republicans. Who say it's not washington's problem to fix local budgets. No total cost was attached. Three mcconnell circulated to republicans a new version of the gop plan that would presumably meet with white house approval notably it to did not include a cost meaning to was meant as a negotiating document. The latest incarnation includes small business. Cash a one month extension of base-level unemployment benefits that are set to end at the end of this month. For twelve million americans and legal protections against lawsuits for businesses that are open during the pandemic it notably lacks money for state and local governments. The latest also a plus up unemployment benefits that had been demanded by the white house in earlier drafts in short. Each of these is negotiating. Starting point not a workable idea even lawmakers were at the table for the creation of these ideas acknowledged. they're nowhere near final version. And when you're talking about deals that have perhaps twelve zeros at the end. There's a lot of wrangling left to be done. Meanwhile at least some officials are starting to talk again pelosi. Mnuchin had their first call since election day this week. The pair were the principal negotiators on a follow up deals through the summer until trump abruptly called off negotiations via tweet in october. He later demanded they return. But pelosi wasn't keen to once again. Be set up for failure by amir curiel president in the finals ros of campaign and decided to hold out for the election results. It turns out. Her hand is now weaker as house. Democrats lost seats. President elect joe biden has been in full contact with pelosi and schumer speaking to reporters in delaware on tuesday biden. Said he wants congress to act now. As a first step toward efforts he'd pick up when he takes office on january twentieth but he mcconnell have yet to speak since election day he added for his part. Mcconnell has yet to explicitly say biden is one although he has in roundabout ways suggested he understands who will be in the white house. Come january twenty first. that suggests talks aren't really as far along as some would hope as if this weren't tough enough the. Us government faces a do-or-die moment at the end of next week. The united states is set to run out of cash as the clock ticks past midnight on december eleventh and into december twelve that hard deadline ads and urgency to congress to do something. There is zero political appetite to shut down government in the middle of a pandemic heading into the end of year holiday season. Some lawmakers have talked about attaching corona virus. Relief package to the must pass spending bill in may be a way to get some forward movement but it also gives mcconnell added leverage to limit the size of the tacked on bill. Mcconnell controls the senate floor with an iron grip and ultimately has veto power over the entire agenda in the upper chamber if he says a limited pandemic relief measure is going on the omnibus. it's omnibus arrest for all practical purposes. So we're left with a string of calculations will progressives such a scaled back relief package until they can badger biden in the new year can conservatives stomach any of the red ink and if it does pass will trump sign perhaps the last significant piece of legislation of his one term presidency. The answer to each of those is at best a shruggy emoji without government funding forcing a vote. There's no guarantee mcconnell would bring another round of biden backed relief to the floor. In the new year conservatives will not be eager to give biden early win especially if it carries cash for struggling states and cities and trump seemingly has yet to accept. The movers are showing up at his door next month. It's the perfect cliffhanger for our president who spent so long as a reality show producer hence while the optimism coming off capitol hill. That a solution is in sight is perhaps misdirected.

Mcconnell Pelosi Senate Steven Mnuchin White House Kevin Mccarthy Cobble Mnuchin Chuck Schumer
Cruise industry throws in the towel on 2020, looks to 2021

AP News Radio

00:43 sec | 1 year ago

Cruise industry throws in the towel on 2020, looks to 2021

"The cruise industry has jettisoned hopes of restarting operations this year days after both carnival and Norwegian extended a hold on cruises through the end of the year the group that represents cruise lines with ninety five percent of global ocean going capacity has joined them cruise lines international association which includes princess carnival and royal Caribbean said its members have agreed to extend the suspension of U. S. selling operations for the rest of twenty twenty it's a costly move the cruise association is projecting that the suspension of cruises eliminates more than twenty five billion dollars in economic activity and one hundred and sixty four thousand American jobs I'm surely after

Carnival And Norwegian Cruise Lines International Ass Princess Carnival Cruise Association Caribbean
Trump halts COVID-19 relief talks until after election

AP News Radio

00:49 sec | 1 year ago

Trump halts COVID-19 relief talks until after election

"Hi Mike Rossi a reporting president trump walks back his decision to hold off on you coronavirus stimulus until after the election hours after shutting down talks with house speaker Nancy Pelosi on additional covert nineteen relief until after the election president Donald trump backtracked trump took to Twitter Tuesday night and called for Congress to send him a standalone bill for stimulus checks trump tweeted I am ready to sign right now are you listening Nancy the president also called on Congress to immediately approve twenty five billion dollars for airlines and one hundred thirty five billion dollars for the paycheck protection program to help small businesses earlier Tuesday trump if we did the policy was not negotiating in good faith and he asks Senate Majority Leader Mitch McConnell to focus on confirming Supreme Court nominee Amy Coney Barrett might cross the Washington

Mike Rossi Nancy Pelosi Donald Trump Twitter Congress President Trump Mitch Mcconnell Amy Coney Barrett Washington Senate Supreme Court
Trump halts COVID-19 relief talks until after election

AP News Radio

00:49 sec | 1 year ago

Trump halts COVID-19 relief talks until after election

"Hi Mike Rossi a reporting president trump walks back his decision to hold off on you coronavirus stimulus until after the election hours after shutting down talks with house speaker Nancy Pelosi on additional covert nineteen relief until after the election president Donald trump backtracked trump took to Twitter Tuesday night and called for Congress to send him a standalone bill for stimulus checks trump tweeted I am ready to sign right now are you listening Nancy the president also called on Congress to immediately approve twenty five billion dollars for airlines and one hundred thirty five billion dollars for the paycheck protection program to help small businesses earlier Tuesday trump if we did the policy was not negotiating in good faith and he asks Senate Majority Leader Mitch McConnell to focus on confirming Supreme Court nominee Amy Coney Barrett might cross the Washington

Mike Rossi Nancy Pelosi Donald Trump Twitter Congress President Trump Mitch Mcconnell Amy Coney Barrett Washington Senate Supreme Court
Airlines, Facing a Slow Recovery, Begin Furloughing Thousands

What A Day

00:42 sec | 1 year ago

Airlines, Facing a Slow Recovery, Begin Furloughing Thousands

"And now airlines saying they'll be employees since no relief bill has been passed American. Airlines was the first to announce its plan saying it would begin furloughing nineteen thousand employees shortly thereafter united said, it will be forced to furlough roughly thirteen thousand employees immediately back in March with the airlines completely stifled by the public. Health. Crisis Congress passed a twenty five billion dollar program to help cover their payroll costs on the condition that workers not be laid off or have their pay cut before October. I will now it's the second. Airline leaders say the job cuts are unavoidable since so few people are traveling and they're still burning through five billion dollars a month while the nation is still beset by a virus that lawmakers expected with largely be under control by now it's almost like if you want to fix the economy, gotTa fix the virus

Crisis Congress
"twenty five billion dollars" Discussed on WSB-AM

WSB-AM

02:32 min | 1 year ago

"twenty five billion dollars" Discussed on WSB-AM

"The treasury department always loved average studio she's great host yourself if you want something to fall back on it Monica welcome back times your social position thank you so much Brian I missed zero and it's so good to talk to you again thank you so much for having me I have been having the time of my life secretary of the treasury for public affairs and supporting the president and secretary Mnuchin I've been in the job for a year now a year next week it's flown by but it's actually been the honor and privilege of a lifetime to serve my country we got a lot tougher didn't it over the last month of that over the last six to eight weeks for the best economy ever to the greatest economic crisis the world has seen in the modern day so we've seen a lot of your boss secretary of state Mnuchin are you guys treasury you're right are you guys still going to work already on a nother rescue package well there are a couple of things that are under under discussion between the White House a treasury and capital hill I know that there are a lot of different things that the president would like to see and members of the Democratic Party would like to see I think also that there is a prevailing sense in the administration that we have just pumped about six to seven trillion dollars of liquidity through these programs P. P. P. economic impact payment also the fed facilities that have been stood up in the last two months to provide liquidity so we're looking at about six trillion dollars that have that have been pushed into this economy to try to bridge this very challenging but temporary time period and I think there's a sense Brian that we should allow these programs and and these efforts to breed a bit before we start talking in seriousness about another accumulates package let's see how these programs do and by most accounts they are working in terms of protecting American jobs helping American workers and helping American companies and industries so let's let this breed to bed and then take a new measure of where we are in a little while all right it's not up to me though well you have to convince me I understand Nancy Pelosi has a different idea listen to her cut thirty six in the key testing testing testing that was their first bill on March fourth but it was not executed it was our most recent bill I was twenty five billion dollars for testing that was.

treasury department Monica secretary treasury president Mnuchin White House Democratic Party Nancy Pelosi Brian I
"twenty five billion dollars" Discussed on KFI AM 640

KFI AM 640

03:14 min | 1 year ago

"twenty five billion dollars" Discussed on KFI AM 640

"Federal government at least treasury department is that this twenty five billion dollars will be used exclusively to help these airlines pay their employees so they don't have to follow them so they don't have to lay them off this is a way to try to get them through to the fall and and she tried to keep them afloat if you will now that keep in mind that the airlines are losing ten to twelve billion dollars every single month right now we're at volume being down ninety seven percent I mean there really no planes taking off right now I drove by here on the way in and I mean they're just parked on a runway that's not being used right now hundreds upon hundreds of planes that aren't being used so you know obviously the industry itself is struggling something they they haven't seen dating back to nine eleven some say this will probably be even more impactful the nine eleven and you know this is a way to keep those employees safeguarded at least for the time being I can only imagine because so my husband he flies home every week he works in Oakland at FEMA and obviously then he flies home so he's one of those people one of those what three percent of people who is flying right now and when he goes to the airport you can tell the number of people out there working like the baggage handling and things like that there's one maybe and then when he gets on a plane he can oftentimes be one of two or four people on that plane and we have to kind of almost on the daily like check and make sure that his flight has been cancelled or changed you can see how maybe where we used to get almost hourly flights from Burbank to Oakland I mean so cal to the bay is is a very normal route now they're down to maybe one every few hours kind of thing so there's no doubt that the passengers numbers are down you've got to think then that transfers to the baggage handlers because I mean if you have no baggage you don't need that many handlers so this money is well needed right now but is that enough well and the question to a lot of people are going to start asking is is this is this a bail out you know kind of the the curse words dating back to the recession you know what companies were bailed out was it worth it I do want to point out that of this twenty five billion dollars well some of it will be direct grants some of it will also be low interest rate loans so some of these airlines will have to pay some of this money back at some point American Airlines I just for example five point eight billion dollars that's going to include a direct grant to four point one billion and a low interest rate loan of one point seven billion and then they're going to separately apply for different loan from the U. S. treasury department worth nearly five billion dollars so you know it it is there is some free money attached but there are also some payments that will need to be returned yeah and that that's going to be hard money to come up with because it's gonna take awhile according to all the analysts for people to get back up and flying and traveling again yeah yeah but you know it's it's also a lot of people are scratching their head saying you know how is it that the airlines were making billions upon billions of dollars in profits and they can't handle five weeks of stay at home you know it's a it's an interesting discussion to be had you know all right Ryan thank you so much stay safe talk to you soon you too take care thanks this is K. F. I. N. K. O. S. T. H. D. to Los Angeles let's take a look again at the one ten yeah we have to still downtown.

Federal government
"twenty five billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:19 min | 2 years ago

"twenty five billion dollars" Discussed on Bloomberg Radio New York

"Is flowing inside sports if you're going to games are going to cut revenue from union has to team owners they can ever know we Williams speak to the names that our this multi billion dollar industry Derek Schiller National Hockey League commissioner Gary Bettman business is for this in today on Bloomberg dot com the business Abhorsen scribe on apple podcast you can carry information about the business world in your head for you close to the Kerry import the question is how long can it last leaving you free to think about other things what to do with all that information what type of time frame will it take for you to change your outlook one of the inflation these does most get form you're working on a lot of things that we have to be worried about radio the Bloomberg business happen Bloomberg radio dot com the world is listening revisions return policies there are so many ways to redo a decision what are the ramifications if she crumbles or doesn't crumble do they have any other than the court except here we have to get it right the first time we always talk about the losers in a trade war are there winners you can too how does your modeling have to pivot to reflect different scenario Bloomberg radio Bloomberg business radio dot com a Die Hard radio apps and Bloomberg radio dot com remember the world is listening with its algorithms robotic warehouses in case you're less stores Amazon has become a threat to traditional grocers in order to survive food retailers have brought their game up rushing out innovate the E. commerce giant joining us to discuss Bloomberg's Matt Boyle a New York Matt what are other traditional retailers do we need to keep up with Amazon the doing a whole host of things and it's not easy for them because traditionally the grocery stores are pretty risk averse they're not gonna spend hundreds of millions on new technologies and that's the really proven but because of the threat of Amazon and again it's not just Amazon it's chains like all the as well discount chains that are stealing a lot of market share they realize they have to act they have to act now so they're investing in a slew of different technologies everything from the in store robots that you may have seen in your local grocery store the stuff that you don't even see behind the scenes like micro filaments centers which are like mini warehouses that pack online orders for shoppers what is spend it the most quickly adopted technology is it this cashier was technology or is it robotics doing those the filming of those dials one wrong Leslie well some of the early technologies you might be familiar with likes you know self checkout almost every store we go to have self checkout but that has which is you know you always have to call the attendant over because something happens so what's really working for them a lot of the the shelf scanning robots is one that really has a huge pay off because every time you go to a store you can't find something that you're looking for it's out of stock that's a lost sale for a retailer that is a big loss for them so if they're able to figure out what they are out of stock quicker rather than having you know the human employees walk through the aisles you know for hours on end if you've got the robot doing it for an hour to those are sales at your quickly grabbing back and that translates into profit for these guys that's what they listen to Matt our retailers and trying to keep up with Amazon or just trying to keep up with the times because if you and I if I remember conversations United had at target Walmart have actually done much better in their grocery space then companies like Amazon would seem to be lacking yeah exactly tried that yet target and Walmart are doing well other chains are doing well what is the traditional sort of mainstream grocers like Kroger is a good example they've struggled over the past few years it's these mainstream grocery stores that really need to up their game a bit Walmart you know they're everywhere they're doing a very good job in grocer you're absolutely right but for the more traditional grocery stores they need to up their game how much is this costing them on the bottom line well they're not saying much about it yet and so far this a lot of these are pilot tester only and a couple stores so it's not costing them a whole heck of a lot of money yet but if they want to deploy these you know at scale it is going to cost them quite a bit of money and then they're gonna have to make decisions is this what we're going to spend it on or that and those are gonna be pretty tough decisions that are going to determine who the winners and losers are going to be going forward and you know this better than anyone in the grocery business is already a pretty low margin competitive business are they hoping that the investments in the technology could boost those margins even by a bit exactly I mean look at foreign thing like out of stock products out of stock products cost food and drug retailers three hundred and twenty five billion dollars a year if they can you know game just half of that back you know that goes down to the bottom line certainly so there are a lot of things that can that can happen and that will be great for them if they can make it work but again they're still testing it they're still figuring out what is the return on our investment here but they have to act quicker because these days they're losing share left right and center Bloomberg's Matthew Boyle thank you for joining us and coming up while way hits back the Chinese telecom is suing the trump administration.

Williams twenty five billion dollars billion dollar
"twenty five billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:51 min | 2 years ago

"twenty five billion dollars" Discussed on Bloomberg Radio New York

"Birds. Boston rob retail Alfie commerce. service might actually end up benefiting Netflix user research and data on the two thousand companies and one hundred thirty industry. the story for the U. S. bank telcos naturally are moving in the content distribution I think it's a good move hello Alex stealin polls we. over the next hour gonna dig inside the big business stories impacting Wall Street and the global markets each and every week we provide in depth research and data on some of the two thousand companies and one hundred thirty industries are analysts cover worldwide well they were gonna take a look at some retail margins what it means in the US China trade war are you a shopper Paul I am not a shop I am tracker a big shopper so I really care about this issue plus we'll take a look at Instagram and how it may be the next big growth driver for Facebook but first let's take a look at the G. S. ease yes Fannie Mae and Freddie Mac investors are suing in the U. S. court of federal claims here's the why here's what it means of Bloomberg intelligence senior financial litigation analyst Elliotte Stein's Ellie and I said you know make this thing for me tell me why I'm gonna care so much about this right so essentially this is one of the big issues still remaining from the financial crisis. any man for the mac the geocities government sponsored enterprises as a noun rebel down two thousand and eight but since twenty twelve the treasury department essentially has been taking all the profits from the G. R. C.'s so every corner the jerseys essentially send the profits of the treasury department you know except for a small capital K. senator Lott to keep and so shareholders starting in twenty thirteen sued the government to stop that sweet and here we are six years later still at the gate what is the issue like okay we the government all the land are bailed out Fannie and Freddie to a certain number and we're gonna take all your profits until we hit that number do we know what the number was going to be right so essentially originally under the terms of the bailout Fannie Mae and Freddie Mac we're sending a fixed amount of dividends to the treasury department in return for the bail out the sensor the treasury department got senior preferred shares and Fannie Mae and Freddie Mac would send a fixed amount of ten percent of those outstanding preferred shares every quarter in twenty twelve it's changed and so became the and all the profits that they would have to send now the shareholders say well that was improper for a few reasons violated the statute that authorized the conservatorship it's unconstitutional represents an unconstitutional taking and so as a result the shareholders say because of the change in twenty twelve Fannie Mae and Freddie Mac wound up sending a hundred and twenty five billion dollars more to the treasury department and then they would have under the original terms of the bailout how much money the shareholders want. well so they're seeking to recoup that a hundred twenty five billion dollars but there is another issue in that the president Harmon has he seen your preferred shares which are worth about a hundred and ninety billion dollars in such a shareholder Seri well if we had kept that if they're GSEs had kept that hundred and twenty five billion dollars we could started paying down the senior preferred shares so here's I mean it's not a big issue even though it Fannie Mae and Freddie Mac are sending all the profits it sent a hundred twenty five billion dollars more to treasure than they would have that doesn't pay down the singer preferred shares and servicer holder say well they could have started paying down those stairs haven't got the money so what's the government's case it seems like they've been paid back and then some so the Gover is right the government has been paid back and then some their cases well we are allowed to do this under the terms of the relevance statue this statue known as hero from two thousand eight and just several federal circuit courts of appeal have our pal drew authority to do this and even though several cases are still pending I I do think the.

Alfie Netflix hundred twenty five billion do twenty five billion dollars ninety billion dollars ten percent six years
"twenty five billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | 2 years ago

"twenty five billion dollars" Discussed on Bloomberg Radio New York

"Inside the big business stories impacting Wall Street and the global markets each and every week we provide in depth research and data on some of the two thousand companies and one hundred thirty industries are animals cover worldwide well they were gonna take a look at some retail margins what it means in the US China trade war are you a shopper Paul I am not a shop I am shocker a big shopper so I really care about this issue plus we'll take a look at Instagram and how it may be the next big growth driver for Facebook but first let's take a look at the G. S. ease yes Fannie Mae and Freddie Mac investors are suing in the U. S. court of federal claims here's the why here's what it means of Bloomberg intelligence senior financial litigation analyst Elliotte to Stein's Ellie and I said you know make this thing for me tell me why I'm gonna care so much about this right so essentially this is one of the big issues still remaining from the financial crisis. any man Freddie Mac geocities government sponsored enterprises as a noun rebel down two thousand and eight but since twenty twelve the treasury department essentially has been taking all the profits from G. R. C.'s so every corner Jesse's essentially send the profits of the treasury department you know except for a small capital K. senator Lott to keep and so shareholders starting in twenty thirteen sued the government to stop that sweet and here we are six years later still indicating what isn't the issue like okay we the government all the land are bailed out Fannie and Freddie to a certain number and we're gonna take all your profits until we hit that number do we know what the number was going today right so essentially originally under the terms of the bailout Fannie Mae and Freddie Mac we're sending a fixed amount of dividends to the treasury department in return for the bail out the sensor the treasury department got senior preferred shares and Fannie Mae and Freddie Mac would send a fixed amount of ten percent of those outstanding preferred shares every quarter are in twenty twelve it's changed and so became the and all the profits that they would have to send now the shareholders say well that was improper for a few reasons violated the statute that authorized the conservatorship it's unconstitutional represents an unconstitutional taking and so as a result the shareholders say because of the change in twenty twelve Fannie Mae and Freddie Mac wound up sending a hundred and twenty five billion dollars more to the treasury department and then they would have under the original terms of the bailout how much money the shareholders want. well so they're seeking to recoup that a hundred twenty five billion dollars but there is another issue in that tragedy part and has he seen your preferred shares which are worth about a hundred and ninety billion dollars in such a shareholder Seri well if we had kept that if they're GSEs I've kept that hundred and twenty five billion dollars we could started paying down the senior preferred shares so here's I mean it's not a big issue even though it Fannie Mae and Freddie Mac are sending all the profits it sent a hundred twenty five billion dollars more to treasure than they would have that doesn't pay down the singer preferred shares and so the shareholders say well they could have started paying down those shares haven't got the money so what's the government's case it seems like they've been paid back and then some so the Gover is right the government has been paid back and then some their cases well we are allowed to do this under the terms of the relevance statue this statue known as hero from two thousand eight and just several federal circuit courts of appeal have our pal drew authority to do this and even though several cases are still pending I I do think the government actually is on firm legal footing and a lot of these cases so can you describe a hero answer of what like howl there on that from legal footing sure so under here a bath HFA as conservative for Fannie Mae and Freddie Mac has really broad authority if you read the text of the statute to do what it thinks is in the best interest of the Jaycees and the FHFA and so. courts have held that under there's their language of the statute they have that authority they can determine what is best and nobody can really challenge Jack in court now this Cheryl they say well it may be broad authority but it has to have limit right they have to be conserving the assets of the enterprises and we don't think they're doing that because they're sending all their profits to the treasury department what's in place to prevent something like this from ever happening again is there are that that's a great question like many of them showing what everyone by the stock. no. and and and and. and part of you know what the government I assume is doing as they as a form of ID reform plan is to have mechanisms in place so that the government doesn't have to bail out these entities does the trump administration have a position on this case Sir or on the privatization of Fannie and Freddie right so I mean in the legation it's actually very interesting because the FHFA changed leadership once time came in but in court their position has been roughly the same as it was under the previous administration I'm now in terms of policy changes yes I think there are differences and my colleague Dan Elliot has written extensively on the policy differences but in terms of their court posturing yep it hasn't really changed does any of this make it harder for me to get a mortgage. is there any like trickle down to the real people in in terms of litigation I I think it's probably too indirect and that's far more of a policy issue right so I guess it's okay that I have all those billions of dollars. gonna teens at their comments and thanks so much to Bloomberg intelligence senior of financial litigation analyst I yes I really appreciate it coming up on the program will take a look at terrorists and how they could pressure retailers profit margins it's my buying everything now are you listen to Bloomberg intelligence on Bloomberg radio providing in depth research and data on.

hundred twenty five billion do twenty five billion dollars ninety billion dollars ten percent six years
"twenty five billion dollars" Discussed on KSFO-AM

KSFO-AM

01:30 min | 2 years ago

"twenty five billion dollars" Discussed on KSFO-AM

"The president says it twenty five percent tariff on additional three hundred and twenty five billion dollars in goods which would at that point mean all goods coming in from china here's your forecast excessive heat continues in the southeastern u._s. heat advisories out the opposite is true from the northern plains into the great lakes where temperatures will be below seasonal averages and we're starting to settle into the summertime pattern and that's going to mean less rain at least four today for areas that have seen enough rainfall this year to last throughout the year the national hurricane center says no disturbances in the atlantic at least for the next forty eight hours in the pacific there's a system being watched down off the coast of southern mexico that's expected to turn to the north and west and not effect the mainland experiencing showers today seattle high of sixty nine los angeles cloudy seventy five denver eighty nine and sunny phoenix will hit one oh five under clear skies chicago sunny and eighty three dallas partly sunny ninety one new york city sunny and ninety there's a look at your national weather forecast from red eye radio i'm meteorologist john trout hi i'm ric edelman and i have a feeling that retirement is on your mind you're wondering if.

president china national hurricane center mexico los angeles denver john trout ric edelman seattle chicago twenty five billion dollars twenty five percent forty eight hours
"twenty five billion dollars" Discussed on WIBC 93.1FM

WIBC 93.1FM

03:46 min | 3 years ago

"twenty five billion dollars" Discussed on WIBC 93.1FM

"Yeah. And by the way, that includes the cost of the children were born in the United States under the current interpretation of the fourteenth amendment or US citizens. But nevertheless, those are costs incurred because the parents violated the law. So, you know, this is an ongoing cost, you know, we're squabbling over whether to. Come up with twenty five billion dollars a one time cost to build a secure barrier along with southern border. These are recurring cost every year it costs that amount of money, and it probably increases because of inflation because of new people coming to the United States illegally. So we're talking about a one time cost of back twenty five billion dollars versus recurring cost upwards of one hundred billion dollars. So it simply makes economic sense to do this. And yet again Congress's refusing to do it. Why can't you can you? Tell me why mainly Democrats why is the left refusing to crack down on illegal immigration and keep legal immigration at the highest levels in American history. Why are they doing this to us because they they simply for political reasons want to do this? You know, you keep hearing arguments from Nancy Pelosi and Chuck Schumer that a wall is not effective, and that's exactly the opposite. They don't want the wall built because it is affected because it would. Stop a lot of people. And or political reasons they are being pulled ever farther to the left by the Alexandria Cossio Cortes wing of the party. They simply don't want these laws enforced. If you go back just a few years when the wall was authorized back in two thousand six Chuck Schumer voted for Senator Barack Obama voted for Senator Hillary Clinton, Senator Joe Biden, they all voted for it. As recently as twenty thirteen Chuck Schumer stood up on the floor of the Senate and said how important it was to build a seven hundred mile fence along that southern border. I it's only within the past few years as the party has been pulled. It could the extreme left by a fringe, a Democrats in this country that they have taken a hardline position against virtually any kind of immigration enforcement. We kind of have to go, but thought that I have Iram element is that right now, we're in the golden age of trying to stop the flow in this country because who's in the White House you and I've been. Around a long time at some point. There's going to be a turn of the screw. And we're going to have someone like a Hillary Clinton or a Barack Hussein Obama over going to have a Bernie Sanders or something like that on the White House gonna feel about these things significantly differently than you. And I feel about it. And what happens then well. Well, I guess we'll have to wait and see. But I suspect look I mean, we saw under President Obama that he systematically undermined the enforcement of US immigration laws. You know, he used his pen and his phone basically to change laws that he had no constitutional authority to do. You know, it's interesting that when President Trump does something the Democrats in congress. They immediately filed suit when President Obama decided he was going to grant this steep millions of people who were in the country illegally that you the DACA program, the Republicans in congress just sort of sat on their hands. They said, oh, this is terrible. And they did nothing. So, you know, we need obviously in those situations for the Republicans to step up and do what they are supposed to do which is to make sure whoever's president is following the constitution and just not going up and acting unilaterally. What a novel suggestion IRA Mellman. What is your group's website? If any. It is fair US that org. That's F A. I R US dot ORG, fair US dot org. You know, if you and I are not successful in these ventures and twenty or forty years this country could look like Venezuela..

Senator Barack Obama United States Chuck Schumer Senator Hillary Clinton Congress White House Alexandria Cossio Cortes Senator Joe Biden President Trump president Nancy Pelosi IRA Mellman Senate Bernie Sanders Venezuela twenty five billion dollars one hundred billion dollars forty years
"twenty five billion dollars" Discussed on News Radio 810 WGY

News Radio 810 WGY

11:03 min | 3 years ago

"twenty five billion dollars" Discussed on News Radio 810 WGY

"President's commitment to secure our nation's borders and keeping a mirror American communities fate. And we'll do it free from the influence of poison pills. The thought to derail progress and stifle compromise. Welcome to the Buck Sexton show everybody here, we are. About to find out if what has been reported is true. That they're awaiting as we go to air their awaiting a house vote on an omnibus Bill to avoid a shutdown. Right. So continued spending Bill and the Senate has already put it through or waiting the house to vote on it. The White House has already said that the president is going to sign it. And then we are told the plan is for there to be a declaration of a national emergency, which I would I would wager would only last hours before probably the ninth circuit. But who knows which circuit shuts it down? And then the government just continues on as it is. This is not a victory. It would not be true. It would not be honest for me to say that it's a victory assuming this all goes through as planned. Remember, I'm doing this show alive. And this is where we are right now. Trump originally wanted twenty five billion dollars for the border wall. Later on after consultation with experts they pick some key areas. And I I'm okay with this more pointed and more exact expansion of the already hundreds of miles of barrier fencing based upon areas with the greatest need, I think that's reasonable. And I think that it's an easier sell to if not the Democrats were completely unreasonable on this. It's an easier sell to the public that. Hey, we need this stuff. Let's do it. And then you can show as you build and these key areas, the metrics prove that well, we already know walls worked is. In fact, the case. But it went from twenty five billion. To five billion. And now Democrats agreed to one point six billion when the five point six billion was asked for. And then it now has come to pass that the Bill the Bill is at one point three seven five billion, which is enough to construct fifty five miles. That's not a whole lot. When you're talking about a two thousand mile border, and I know that it would take time to build this. But I can't get excited about fifty five miles of border fencing when you already have hundreds and you need a whole lot more. There's also prohibitions in this omnibus. And this is just from what I've been reading today. So some of this could be in the process of getting changed on the hill in the Bill, but there's a prohibition against any wall being built. And there's also a persona so they just that's mostly a political thing because the Bollard fencing as I've seen when I was in San Diego at the border the Bollard fencing, which is these these metal. These metal posts. And they also have a a jump shield at the top of jump plate at the top. That's the most effective stuff. They've got. So I'm fine with it. It's also a lot easier place, you can break through a wall pretty easily. And if you break through a cement wall, it's really hard to rebuild the fencing can be rebuilt in pieces quickly and easily. And it also allows you to see through to the other side, which is important or border patrol so fencing, but that just shows you how petty really the Democrats are being no wall. So that way they just wanted to be impossible for Trump to say that any walls being but fencing will be built. But then you have some other prohibitions I see in here. That they have to consult section twenty three two two three to a of the Bill says that quote prior to use of any funds available by this act for the construction of physical barriers department of homeland security shell confer and seek to reach mutual agreement regarding the design and alignment of physical barriers within that city. Who do you think they have to reach agreement with folks? That's right. Local politicians what has become one of the favourite talking points. One of the favorite talking points of Democrats on this whole issue. Oh, let's put a congressman from a border border district on TV to say he doesn't wanna fence. He doesn't wanna well. Yeah. That's because the demographics have changed so much because of illegal immigration that congressman and mayor's and different elected officials along the border. Don't wanna be seen as pro wall because to be pro wall, thanks to the Democrats is to be anti Central American anti Mexican. This is what they say. It's rooted in racism and while that's unfair. And it's not true. That has political consequences. So, of course, politicians not the experts not border patrol, not the people that have to really deal with this politicians are going to go with whatever's popular and in some porter and some border districts. They don't want to have to be in favor of something that might cost them their job. I don't care what it does. You also have th there's there's a piece today that really got my attention from from Daniel Horowitz on this one who's running over at conservative review who just brakes us down. He says he's got five areas. Five provisions of the Bill that contains or that are problematic is number three. Here is that the Bill contains a blatant amnesty for the worst cartel smugglers section two to four a prohibits the deportation of anyone who is sponsoring an unaccompanied minor illegal alien or who says they might sponsor an unaccompanied minor or lived in a household with an unaccompanied minor or a household that potentially might sponsor one. He's rights. It's truly difficult to understate the betrayal behind this provision. One of the driving factors of the invasion is a misrepresentation of the unaccompanied minor underlaw under current law Central American teenagers are only treaters refugees. If they are a victim of a severe form of trafficking and have no relatives in the country. Yet almost all of them are self traffic by these very illegal relatives who are indeed president of the country rather than clamping down on this fleecing of the American people the Bill gives amnesty the very people paying the cartels to invade us. And then and then he goes on. And this is the part that I knew it was going to be the case what the Democrats want is more funding for the areas of the immigration system right now. And again, we're waiting here for a house vote as we're on air house vote on averting another government shutdown by putting forward this spending Bill that would carry carry the government through for X amount of months, and then Trump is going to declare a national emergency. I think some of us are going to say, well, I guess the negotiations have shown the Democrats are extremists. That's good. Democrats are extremists on the border. The Democrats are totally unreasonable on this issue of immigration that they are pro illegal immigration that they do not want these laws to be enforced at the border or in the interior. And we've got a real problem because one of two political parties in this country is effectively now anti-soviet anti. They won't say it. They would argue if you said this to them, but it is true. They were opposed to us. Having any meaningful control over who comes into the country and stays and who does not this is unsustainable. This is a major problem back to this piece and conservative view, which was excellent today after say a horse that a really good job with the number four more funding to manage and induced the invasion rather than to deter it while offering no new funding for ice deportation agents or immigration judges to speed up asylum claims the president requested this Bill adds another forty million dollars for the alternatives to detention program, which moves asylum seekers to facilities in the interior of the country where they are usually released. This Bill will further expand and institutionalize the catch and release policies for those arriving legally at the border from all over the world. Most of these people have no intention of asking for asylum. And no, they don't qualify it. But they are simply joining the illegal population. Knowing it's unlikely they will be deported. What if I've been telling you all along it's a huge scam. If you understand our current system, you know how to game, you know, how to get around it, and you will be able to stay in the interior of the United States without any realistic fear of deportation. No matter who we're talking about here. Now, you could the only possible exception would be if you are a hardened criminal who's already been deported or you're on a terror watch list, and they take your fingerprints. And they're able to tell that you're somebody who is a real concern. But if you're just an just an average person from Mexico Honduras, Nicaragua El Salvador, China India on all these countries where we do have Bangladesh illegal alien showing up. You will know that you can stay in the United States. Now, if you come to the I almost hesitate some time to talk about it because part of the the only thing that saves us here is that not not more migrants know about this. If they knew what was going on. I think they would have a harder time doing anything. But this. Right. They wouldn't want it. They wouldn't wanna pay smugglers. And all this that they'd want to just do caravan. And there's more caravans forming why because they are safe in numbers to get to the border. There's media presence there to cover their plight. And then they can just show up and surrender. They can show up, and they can surrender this by the end of this year is I've been saying we're going to be at a half a million half a million illegal entries or rather half million people who are effectively about to be legal and Democrats are saying that we should not care. This is not a problem. There's no crisis. It doesn't matter. It's all racism. It's all because Trump is bad. Orange Trump, equal bad. That's all that's all. They really think about. And we should all be very troubled by the fact that the Democratic Party is now selling this country out. They are selling us out. All of us everybody everybody who's in American is being sold out of the Democratic Party because they do not care about simulation in this country. They do not care about rule of law in this country. All they care about is the relentless pursuit of power, and they see continued illegal immigration, the lawlessness, the pain the suffering that comes along with it both for the legal immigrants many cases, and for the people that have to deal with this in their communities or at the border. They see that as the cost of doing business. Now, that's the democrat view of it. And anyone who says otherwise is that are kidding themselves. Or?.

Orange Trump President us Buck Sexton congressman White House Democratic Party Senate Daniel Horowitz San Diego Mexico China India Nicaragua El Salvador Honduras Bangladesh twenty five billion dollars forty million dollars
"twenty five billion dollars" Discussed on The Energy Gang

The Energy Gang

04:17 min | 3 years ago

"twenty five billion dollars" Discussed on The Energy Gang

"It just feels so far removed from what they do today. I wonder how effective they will be at competitive electricity supply. Also, I think these companies do suffer from some pretty bad PR problems. And it's unclear to me how that hurts their image with consumers and potentially influences their business. That's an unknown to me. But seems like a weakness worth mentioning. So I think your first point is really strong one about how does this new business jibe with their existing business revenge of ways in which it it's an odd fit? I think if you think about the core competency of most oil and gas super majors. It is longtime horizon major capital expenditure projects that pay out dividends over a long period of time. That's not really what the electric city businesses. And in fact, I think you can kind of see this. If you look at the first moves a lot of these companies made in electronically. They're getting involved in development of utility scale branillo projects offshore wind is the is the closest thing intellect trinity to what the utilize the gas companies are really clearly good at. But when you get further downstream either on the side or on the customer side. I it isn't clear to me that that's sort of their core competency, so they have to build that up. And that's a new thing. The other way in which it seems to me to be fit that they're going to have to reckon with over time. Is that generally speaking, it's not as profitable, you know, they're operating with really strong margins. They throw off just a ton of cash through their core. Business and as they enter the trinity sector the returns are lower. And right now, I think they get away with it because it's a small chunk of their business even shell right? Shell spends twenty five billion dollars a year and cap ax in his spending one to two billion dollars a year in its new energies business, which is basically power. So when that's the ratio. It doesn't have that big impact in dragging down your overall returns. But as that starts to transition are they going to be able to deftly manage a world in which either one they find more profitable opportunities in the power sector, which is big question Mark or to they're less profitable overall. And will investors not revolt when that happens back over to the most confusing topic in the hardest one for me automakers and mobility companies for me the big weaknesses for automakers are just that they they aren't actually that innovative their slaves to consumer behavior. They put out incremental. Products based on last year's demand for automobiles. They keep putting out variations of the same models over and over it took them so long to reinvest in electric vehicles. And although he's seen some pretty good models. Come out you start to see some companies roll back their efforts in electrification in favor of yet another truck model yet another SUV model, and they they don't move markets in the way that you really need to see them move markets in the electrification business. They're also I think both automakers and mobility companies like Uber and lift in the future are going to be slaves to regulation. So we actually think of them as managers of big electric autonomous fleets? Well, sure that could be promising, but it's dependent on a lot of things going, right? And so that future seems so much more precarious than some of the other futures that were painting for the other competitors. It. Feels to me like that the end game is not entirely clear for automakers mobility companies. Yeah. With this one. I didn't I didn't think of that many particular weaknesses for the automakers and the transportation companies, I don't have any strengths for them. So I just don't know why they would be in this business in general. And maybe they won't be right. Maybe saved for tesla. That's not ultimately going to be the intent. But to the extent that they start creeping toward being the electricity business. I just think it's a strategic mistake. And finally to the tech companies. I think they have some pretty serious weaknesses..

Mark tesla Shell twenty five billion dollars two billion dollars
"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

02:39 min | 3 years ago

"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

"It will be able to to distributes goods through the internet through, you know, various Chinese networks, and it will give China a lot of powers, and and a lot of income as well. So that's something, you know. That's also why the two countries are competing because there's a there's a big business behind it. Well, and I'm seeing here though, that the United States is already far behind China in spending on development of five G infrastructure. Right. I mean, they've kinda has outspent the US by almost twenty five billion dollars already is that a gap that can be closed. I it's a big deal. I mean, a I is another one. I mean, it's one of the top priorities of the of the Xi Jinping government again. It's all connected to a grand strategy to the to the to the Belton road initiative to the digital. Silkroad all these concepts that have been lounged in twenty thirteen by president. She and that a very important for the future of China. And it's not just now it's really we're talking about, you know, the next decayed. Okay. So Philip liqueur and Clint Finley hang on here for just a second. Because I'd like to welcome into the conversation. Jessica Rosen Warsaw. She's joining us from Washington. She is a Commissioner for the FCC the lone democrat on the FCC right now. She was appointed by President Obama in two thousand eleven confirmed in two thousand twelve and then reappointed by President Trump and confirmed in two thousand seventeen Jessica Rosenthal. Russell welcome to the program. Thank you for having me. Okay. So lots to dig in here too. But but first let me just ask you, what's your genuine reaction or response to the DOJ's indictments against what way? Well, it's something we're certainly following closely. But it is outside of our jurisdiction at the Federal Communications Commission. We are by and large focused on figuring out how to get spectrum out and get facilities built on the ground. So that the United States has a fighting chance to lead in five G technology. Okay. So I I hear the the regulator in using that that's not my wheelhouse. You got to know when things are above your paygrade fair enough. But so, but then talk to me, though, about the what the situation you see here in the United States regarding the the development of five G infrastructure. How far behind is the United States vis-a-vis China, and why does it matter? Well, I think the best way to talk about this is actually to talk about four g four g wireless technology came about about a decade ago. And with the advent of the iphone what we saw when the United States lead in four G technology is this huge ecosystem a phone related devices and.

United States China Jessica Rosenthal Commissioner Federal Communications Commiss Jessica Rosen Warsaw President Obama president Xi Jinping President Trump DOJ Philip liqueur Clint Finley Russell Washington five G four g twenty five billion dollars
"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

02:39 min | 3 years ago

"twenty five billion dollars" Discussed on On Point with Tom Ashbrook | Podcasts

"It will be able to to distributes goods through the internet through, you know, various Chinese networks, and it will give China a lot of powers, and and a lot of income as well. So that's something, you know. That's also why the two countries are competing because there's a there's a big business behind it. Well, and I'm seeing here though, that the United States is already far behind China in spending on development of five G infrastructure. Right. I mean, they've kinda has outspent the US by almost twenty five billion dollars already is that a gap that can be closed. I it's a big deal. I mean, a I is another one. I mean, it's one of the top priorities of the of the Xi Jinping government again. It's all connected to a grand strategy to the to the to the Belton road initiative to the digital. Silkroad all these concepts that have been lounged in twenty thirteen by president. She and that a very important for the future of China. And it's not just now it's really we're talking about, you know, the next decayed. Okay. So Philip liqueur and Clint Finley hang on here for just a second. Because I'd like to welcome into the conversation. Jessica Rosen Warsaw. She's joining us from Washington. She is a Commissioner for the FCC the lone democrat on the FCC right now. She was appointed by President Obama in two thousand eleven confirmed in two thousand twelve and then reappointed by President Trump and confirmed in two thousand seventeen Jessica Rosenthal. Russell welcome to the program. Thank you for having me. Okay. So lots to dig in here too. But but first let me just ask you, what's your genuine reaction or response to the DOJ's indictments against what way? Well, it's something we're certainly following closely. But it is outside of our jurisdiction at the Federal Communications Commission. We are by and large focused on figuring out how to get spectrum out and get facilities built on the ground. So that the United States has a fighting chance to lead in five G technology. Okay. So I I hear the the regulator in using that that's not my wheelhouse. You got to know when things are above your paygrade fair enough. But so, but then talk to me, though, about the what the situation you see here in the United States regarding the the development of five G infrastructure. How far behind is the United States vis-a-vis China, and why does it matter? Well, I think the best way to talk about this is actually to talk about four g four g wireless technology came about about a decade ago. And with the advent of the iphone what we saw when the United States lead in four G technology is this huge ecosystem a phone related devices and.

United States China Jessica Rosenthal Commissioner Federal Communications Commiss Jessica Rosen Warsaw President Obama president Xi Jinping President Trump DOJ Philip liqueur Clint Finley Russell Washington five G four g twenty five billion dollars
"twenty five billion dollars" Discussed on The Interchange

The Interchange

04:17 min | 3 years ago

"twenty five billion dollars" Discussed on The Interchange

"It just feels so far removed from what they do today. I wonder how effective they will be at competitive electrobi- supply. Also, I think these companies do suffer from some pretty bad PR problems. And it's unclear to me how that hurts their image with consumers and potentially influences their business. That's an unknown to me. But seems like a weakness worth mentioning. So I think your first point is really strong one about how does this new business jibe with their existing business? There are a bunch of ways in which it it's an odd fit. I think if you think about the core competency of most oil and gas super majors. It is longtime horizon major capital expenditure projects that pay out dividends over a long period of time. That's not really what the electricity businesses. And in fact, I think you can kind of see this. If you look at the first moves a lot of these companies made intellect trysofi, they're getting involved in development of utility scale, Bruno -able projects offshore wind is the is the closest thing intellectuality to what the u till the gas companies are really clearly good at. But when you get further downstream either on the fan decide or on the customer side. I it isn't clear to me that that's sort of their core competency, so they have to build that up. And that's a new thing the other way in which it seems to me to be the odd fit that they're going to have to reckon with over time is that generally speaking, it's not as profitable, you know, they're operating with really strong margins. They throw off just a ton of cash through their core business. And as they enter the trinity sector the returns are lower. And right now, I think they get away with it because it's a small chunk of their business even shell right? Shell spins. Twenty five billion dollars a year in cap ax in his spending one to two billion dollars a year in its new energies business, which is basically power. So when that's the ratio. It doesn't have that big an impact in dragging down your overall returns. But as that starts to transition are they going to be able to adeptly manage a world in which either one they find more profitable opportunities in the power sector, which is big question Mark or to they're less profitable overall. And will investors not revolt when that happens back over to the most confusing topic in the hardest one for me automakers and mobility companies for me the big weaknesses for automakers are just that they they aren't actually that innovative their slaves to consumer behavior. They put out incremental. Products based on last year's demand for automobiles. They keep putting out variations of the same models over and over it took them so long to reinvest in electric vehicles. And although I seen some pretty good models. Come out you start to see some companies roll back their efforts in electrification in favor of yet another truck model yet another SUV model, and they they don't move markets in the way that you really need to see them move markets in the electrification business. They're also I think both automakers and mobility companies like Uber and lift in the future are going to be slaves to regulation. So if we actually think of them as managers of big electric autonomous fleets? Well, sure that could be promising, but it's dependent on a lot of things going, right? And so that future seems so much more precarious than some of the other futures that were painting for the other competitors. It. Feels to me like that the end game is not entirely clear for automakers or mobility companies. Yeah. With this one. I guess I didn't I didn't think of that many particular weaknesses for the automakers in the chance predation companies, I just don't have any strengths for them. So I just don't know why they would be in this business in general. And maybe they won't be right. Maybe save for tesla. That's not ultimately going to be the intent. But to the extent that they start creeping toward being the electricity business. I just think it's a strategic mistake. And finally to the tech companies. I think they have some pretty serious weaknesses..

Mark tesla Twenty five billion dollars two billion dollars
"twenty five billion dollars" Discussed on Talk 650 KSTE

Talk 650 KSTE

08:42 min | 3 years ago

"twenty five billion dollars" Discussed on Talk 650 KSTE

"The cause of all of this shutdown activity. You know report that to you. And that is that the number three House Democrat congressman James Clyburn of South Carolina tells reporters that Democrats could fulfil the president's request for five point seven billion dollars for border security, but no wall, no w word such as tools like drones x-rays and sensors as well as more border patrol agents. In other words, the view pudding being put forward by congressman Clyburn is that we want to be able to absolutely spot every single person who comes into this country illegally knocked stop them. But we can watch them as they go by perhaps we could instruct all those extra border patrol agents to wave as the people went by it is an ideology nonsensical idea. And again as I've said before this program, if the w word is so offensive to people out there, then the call it the friendly fuzzy journey inhibitor, it'd be made out of say pink velvet or maybe lumps of cream cheese. Whatever it is as long as it's. Physical barrier that works, but to get into such childish semantics is truly bizarre. But that's something else that I think is worthy of our discussion here tonight, Dr Oualalou, and that would be the fact that five point seven billion dollars is chump change. It's probably the Pentagon paper clipped budget. It is. It has nothing to do with the money involved that this, of course, would would pay for the entire wall. Even no one says that it would be the tire wall or barrier or whatever we call. It would probably cost more like twenty or twenty five billion dollars. But the the really ironic party is if this is even over the money, this is just over who's in charge who's the boss? This is the kind of thing that kids in playgrounds fight about Dr Oualalou. Well, then this will become a battle of will. That's exactly what. Day one. And that's the reason why it is so difficult to reach an impasse. Because of course, people dig in their heels and and goodness knows. There are no stronger, he'll diggers on this planet. The Donald Trump Nancy Pelosi. I would I would leave Chuck Schumer out of the equation. I think he's more probably inclined to negotiate, but that of the gig can break the the solid United front with with Pelosi, but Pelosi and Trump are two people who do not yield easily. That's and that's great. Well, that's why would it be. Would it be like an interesting enough to to find out down the road, assuming they will sit down and talk even sorta whether this five point seven billion dollars. Could it be used in something different than just a wall by Jeff? So in other words, it will be other aspect security approach if the five point seven billion dollars can be geared towards that. Depending again, whether President Trump has been dependent again, whether Nancy Pelosi is gonna sort of push her end of the bargain for that. And assume that this will solve the issue because here's the thing. Jim if I am happen to be working and not being paid at some point. I'm going to have to stay forward to my boss, and I said, I'm gonna be paid here. Yeah. Exactly a-. And of course, everybody will reach that point as I've said before, and I've I've noted on this program that that Perv skill level. Whatever your skill little may be unless unless you are let's say at the uppermost level of skills in the government. Let's say if you are a medical doctor or you are an attorney in which case the upper reaches of the private sexual exceed what you'll get in terms of federal pay most other levels down the line. Whatever that skill level is you'll get paid better in the federal government than you do in either the private sector or in state or local government having said that I recognize the fact that there are still some people at the lower end of let's say skill levels. Your early GS numbers who don't either possess or exhibit a lot of skills who don't get paid a lot. And who are? Maybe it's harder for them to to live beyond just paycheck to paycheck, all of these facts that I that I thoroughly recognize here in our discussion. I'm gonna to go back to the point that you made about security clearances and debt I used to have a top secret clearance. I was in the military. So issue of making major expenditures was not not a factor. I absolutely lived paycheck to paycheck. But but I would have to assume that that would security clearances are granted. And keeping in mind. The fact it costs a lot of money to get a really high level clearance. I was once told cost ten grand. And that was that was ten grand in dollars half a century ago to Mike clerics, and and I was one of thousands who had had my level of clearance. When you make the kind of investment, I would think you would lift such clearances very carefully because you've invested a lot of time and money and declaring that individual, and I would have to think that there surely must be somewhere within the law a little bit of discretion to say, well, I see here Mr. Jones that that you've mass some debt, however, also seated you haven't been paid now for the last thirty one days, and so that will not be used as a basis for lifting your clearance. I know that the common sense doesn't permeate ever every level of the federal government. But surely or an investment as high as someone with a security clearance. There must be some allowance made for special circumstances like this. Well, I wasn't aware of that Jim because I when during my time in Washington DC with my security clearance at the time when I was using it by the time, by the way, it was about to two hundred thousand dollars from what I was informed the cost of it. I wasn't aware of whether there is a provision that can allow for this kind of circumstances. The reason being because to my understanding because they were not expect a circumstance like this where the key individuals with that kind of security clearance. We talking about above top secret here, Doug. I'm talking about. Yeah. Mine was miles above top secret. Also. But again like I said have fifty years of inflation ago. But go ahead. Yeah. I wasn't. I wasn't aware of that. Now, a hit is concerned with their Jim the idea is that a someone let's say has not been paid and accumulate some. That's because he or she has to borrow money to meet ends, meet and meats and so forth. Foreign intelligence agencies could be targeting those individuals Americans would national security, we didn't the national security workforce. And that's where it would have become a very concerning for us to ensure as you suggested that it would have to be some sort of provision bet can count for this. What is what is another shutdown next year? Well, the way things are going. I don't think that's a what if do you? I mean, I I have to think that's a given. I mean, that's that's how. That's how we govern these days we govern on continuing resolutions and shutdown threats. And we've been doing it now for the last thirteen years because we have not been dragged kicking and screaming by a constitutional amendment to have to make choices to have to have a budget. And that's what we need. This problem is not strictly inside the beltway. This problem goes straight to the American people who have learned to love a free lunch to put things on the gross national credit card and let our kids and our grandkids pay for them that is obscene and it needs to stop. But again, we're now talking about the the cause of this whole problem and not the the specific solution, which is nowhere near happening because as long as congress decides what constitutional amendments get started. This will never happen. They love screwing our kids and our grandkids. It's what they live. Well, do you shouldn't be because they're according to the constitution supposed to be working for the American people. And that's that's the core. Core mission what congress needs to do that. And then also enforcing the law, which of course, also at the very heart of this entire issue because there are those out there who want very desperately not to enforce the law. And that's another problem. Many way we're overdue for a break. I want to come back into take some calls for our guest. Dr David Oualalou, a better a.

Jim Donald Trump Nancy Pelosi Dr David Oualalou congressman James Clyburn congressman Clyburn congress South Carolina Nancy Pelosi Chuck Schumer Dr Oualalou Pentagon President Trump president Washington DC Jeff Mike clerics attorney Mr. Jones Trump Doug
"twenty five billion dollars" Discussed on KGO 810

KGO 810

01:46 min | 3 years ago

"twenty five billion dollars" Discussed on KGO 810

"As long as the burgeoning underground, they've got they've got the kind of technology anyways. What's going on? Well, Doug Jones is a United States Senator from Alabama. And according to a L dot com. It said on there. I read it last night that Doug shows voted for something like twenty five billion dollars for this border security earlier, and it didn't. Pass. Twenty five billion dollars. It's on AOL dot com. I read it last night. Doug Jones, who was a US Senator. He's a democrat. That's a lot of money the voted for that before getting past. And now they're trying to pass another one. All right. Well, let's come back with some final open line calls fast hours. So those of you who are ready to make the call couple lines. Just popped up open make the call. We'll be back. The coast website is now streamline for mobile devices. Great news, if you're coast insider or simply to enjoy our website on your phone, visit coast to coast AM dot com, your iphone or Android browser. Each day. The stock market.

Doug Jones Senator United States Alabama AOL Twenty five billion dollars twenty five billion dollars
"twenty five billion dollars" Discussed on KTAR 92.3FM

KTAR 92.3FM

05:11 min | 3 years ago

"twenty five billion dollars" Discussed on KTAR 92.3FM

"Who is offering his thoughts about the current imbroglio between the president and the speaker of the house. I don't know that it was necessary for the president to do what he did. But on the other hand, he's the one who's been conciliatory up to now and Nancy Pelosi refuses to even quote discuss a wall. And she makes it sound dad like we're talking about going from zero border security to one hundred percent a wall a mile high from Brownsville, Texas, San Diego. Of course, we're not we already have a fair amount of border security with major holes in it to be sure, and we're not going to get a complete border security, even if we spent all the estimated twenty five billion dollars that it might take to build the current plans. And so she's being totally unrealistic. And I suppose if this was designed to to get her attention, then I suppose it did. You know, it's it's interesting when you when you look at the the characters involved here, whether it's Schumer or Pelosi or Donald Trump. The the Democrats. The Democrats have have allowed themselves. To be put in a corner. And that's why they're digging their heels yet they and they they put themselves in the corner. And that's just because what what's happening is. If you listen to the president what he's talking about is the American people. And and if you look at it from another standpoint Nancy Pelosi says, quote, the wall is immoral. It wasn't immoral when Barack Obama wanted it and Chuck Schumer, and Joe Biden and everybody else who voted many much many times larger amount of money. But she's now calling it immoral, but you know. A wall or slats or whatever you wanna call. It are in animate objects. If you really take a hard look at what she's saying what she's saying Jim is that those people who are in support of the concept of the wall. Are in moral. Yes. Yes. And she gets she gets to choose. She is saying I get to decide morality, and I think that that that is. I'm going on a wall here, and I'm gonna excuse me. I'm going out on a limb. Not a wall going out on a limb here, and I'm going to say to you. I'm old enough. And you're old enough to remember what happened with Walter Mondale run against Ronald Reagan in the second term forty nine to one that was the number of states carried and in fact, Walter Mondale, barely carried his home state of Minnesota. That's correct. Right. Right. And so I think that the Democrats have got this all wrong. The Democrats who have been who've been on a mission to destroy this president are ultimately going to destroy themselves because the infighting that's going to take place with thirty thirty people or more. Who knows somebody more things that can be president of the United States win. The nomination is going to create chaos in the Democratic Party. The new left is going to try exert enormous amount of pressure to get things done. And what the Democrats haven't yet not figured out is that the gatekeeper is not Donald Trump, the the gatekeeper. Is the senior Senator from Kentucky Mitch McConnell who was the majority leader of the Senate, and he's already told the Democrats if the president tells me that out of Naga that he's not gonna sign it. Or he's going to veto it. I'm not gonna waste time by bringing the Bill to the floor much like his predecessor Harry Reid did with a with a Republican House. He sat on three hundred and fifty pieces of legislation. This is going nowhere. And it's gonna waste a lot of time. And it's going to create a lot of anger in the country. But I think the anger is going to be moved Fords. The Democrats, and I would expect to see a Walter Mondale. Replay. I amazed that thirty people in the Democratic Party was stand up with put their hand in the air. So yes, I want to run for president and get blown away by Donald Trump to one. We'll see I I'll put it this way. I would I would I would put down consider. Money that it wouldn't be forty nine to one. I think the president can win reelection. But there are a lot of people out there who don't like him and even enough Democrats to fill three debate stages. And that's what we're talking about. Now thirty plus people would be three debates stages. Stay on the line. We'll speak briefly off air here. Dan perkins..

Democrats president Donald Trump Nancy Pelosi Barack Obama Walter Mondale Chuck Schumer Democratic Party Harry Reid Brownsville Texas Mitch McConnell San Diego United States Dan perkins Joe Biden Minnesota Senate Republican House
"twenty five billion dollars" Discussed on AP News

AP News

02:45 min | 3 years ago

"twenty five billion dollars" Discussed on AP News

"Girl is now home safe with her family. And as a piece to McGuire reports the recordings of calls made the day the thirteen year old escaped have now been released last Thursday. This call changed a lot of lives county number one high. I have a young lady at my house right now. And she says her name is Jamie cross that sound from WC. Oh, Kristen Kasinga's opened her home to the teen. And gene nutter who in this from WC CEO tells the operator they went there because the girl said she escaped from Jake Patterson's cabin just two doors away. Crying saying you gotta help to help me. Okay. Like didn't want to go into my cabin close. Patterson is now in jail charged with killing Jamie's parents and abducting her. She's now with her family. I'm Tim Maguire. That's looks as being sued over a wildly popular episode of black mirror series. Choose co publishes. The choose your own adventure novels and claims that flags violated its trademark with the band or snatch episode. It uses a format similar to those of the books allow viewers to choose among actions taken by the characters without knowing the outcome. The Rutland herald reports the federal suits looking for twenty five billion dollars in damages. It says the show refers to the gimmick by having the protagonist referred to a book he's adapting into a video game. As a quote, choose your own adventure novel. Businesses looking to score great views of the Northern Lights in Iceland being warned to drive safely. The remote northern region of the country on the edge of the Arctic circle is one of the best places in the will to spot the colorful phenomenon. But police say many foreign visitors lack the experience and expertise to handle Iceland's wintry road conditions there. Increasingly worried about visitors scanning the sky for the Northern Lights and not looking at the road, which may be icy twisty narrow and sometimes all three conditions at once police say they've encountered sleep deprived drivers cruising into the night as well as vehicles driving without lights to prevent light pollution Northern Lights sightings, depend on a mixture of luck and effort but travelling away from city lights is most often necessary, and that's has led some drivers to take hazardous mountain roads. Hi, I'm making crane AP digital manager and host of the podcast ground game. Look at the top political issues bubbling up around the country ahead of this year's midterm election. It's available on apple podcasts and podcast one. While you're there, be sure to subscribe rate and review it that's the podcast ground game. AP radio news. I'm Ed Donahue, President Trump's attorney general.

Jamie cross Jake Patterson McGuire Iceland CEO Rutland herald Kristen Kasinga gene nutter AP Tim Maguire Ed Donahue co apple Trump President attorney twenty five billion dollars thirteen year
"twenty five billion dollars" Discussed on 850 WFTL

850 WFTL

03:30 min | 3 years ago

"twenty five billion dollars" Discussed on 850 WFTL

"Eight fifty W F T L. The modern Democratic Party at that Trump is racist because she wants to lessen or eliminate illegal migration into America. That is a bunch of crap a bunch of crap I'll give you a factoid fifty six percent of households headed by Central American immigrants, use one or more major welfare programs more than double the twenty six percent of native Americans, and you know, which immigrant group, which legal immigrant group has the lowest number of individuals on public assistance. The answer would be Africans. Eight percent of African immigrants are on public assistance because they come to America to work because they have skills America needs and the great majority of Africans. Ecorse, are may I use the term black the great majority of central Americans have so-called Brown skin. It doesn't make any difference. Blacks who come here from Africa succeed magnificently, the average wage and educational. Stephen of Africans off the charts much higher than native born Americans. In fact, much much higher than the average white American Africans do much better because of the status of our country. We can attract around the world the best in the privatised who want to come to America. How does it assist? Those that a drug addicted and wanna job those younger American starting on the ladder of success. How does it help those getting out of prison or those poorly educated black white Brown? And otherwise that are here legally to have literally millions of undocumented aliens coming into this country taking work and sending them money back the Central America or Mexico to the tune of about twenty five billion dollars per year. How does that assist? Those needing entry level jobs. Whether it's at McDonald's or landscaping or some other of those manual professions. How does it assist? It doesn't it. All it takes away personal initiative. Those Americans who play by the rules when you have large numbers coming here illegally to take the place of. Native born Americans high support one hundred percent Africans coming to America the legal way because they'd bring with them. A work attitude, diligence perseverance of fear of God love a country that many Americans ourselves do not have and the great majority of Africans are, of course, may I use the term black, and that's great with me. Bill Cunningham stance with them one out of present. But we do not need millions of poorly educated Guatemalans with less than a third grade education illegally entering America committing a crime, by the way when they enter the country illegally. They're committing a crime. We can't have that. All Trump is saying in the slowdown is let's stop it. And let's put a cap on it six times in the past. We've had some sort of amnesty and six times the amnesty was violated because more illegals came in the only way to effectively stop illegal immigration in America is to build a wall offensive Barraquer a barrier or an. Obstacle which is exactly what Hillary Clinton said in two thousand fifteen had a town hall meeting when she said, we must build a barrier to stop illegal migration in America. That doesn't come from me or Sean Hannity or Donald J Trump that comes from the mouth of the Hillary Clinton in two thousand fifteen let's take some calls who will be the first caller of twenty nineteen what the great American the number to call is eight six six six four seven seven three three seven eight six six.

Africa Central America Donald J Trump Hillary Clinton Democratic Party Ecorse Stephen McDonald Bill Cunningham Mexico Sean Hannity twenty five billion dollars one hundred percent twenty six percent fifty six percent Eight fifty W Eight percent